A Nation In Economic Decline

David Simmonds

It has been well-documented that the 20th century was America’s century. Or at least it has been since the end of WWII, about the time the first wave of boomers were born. We began the year 2000 as the lone super power with an economy that was the envy of the world. But there were cracks in the foundation and the past eight years have seen these cracks morph into rapidly expanding sinkholes. And there aren’t enough life-jackets to save everyone.

With a disasterous, unlawful war that is eating up $3 billion per week, our unfunded goverment obligations now total some $57.3 trillion, or about $500,000 per household. Now consider, the average household net worth is about $70,000. I’m no math genius, but how do you get the money to pay the bills? The typical American household is broke and in debt. Eventually, these numbers come home to roost and when it does America will not be the same place as it was when we grew up. Indeed, it is not now. Our country is in decline at the time that many of us are about to retire. Much of the world is catching up and there’s only so much to go around.

The oil producing countries, with the tacit approval of some in our government, have been orchestrating the largest transfer of wealth in the history of the world, from oil-users to oil-owners. At the start of the war a barrel of oil was $24.00, now it is heading towards $200.00. A gallon of gas will soon be $5.00. George Bush has just returned from Saudi Arabia, where he reportedly asked his old business friends for a price break. They told him to pound sand. Do you feel a shift in power here? Yeah, me too.

Let’s face it, most Americans are going to have to change their lifestyles and priorities in the next few years, if not right away. You better start making long term plans now. You can hunker down and hope for the best, or you can lift your head and look farther down the road, the road heading south, and find an area of Mexico that you think you might enjoy. Whatever money you have will go 30-100% farther in Mexico, depending on where you live and what your requirements are. Start your search now, or prepare for a life you had not imagined.

Yes, I believe that America will someday rebound from the pendulum swing. But it will take time, maybe a few decades, and some of us don’t have that much time left.

One Response to “A Nation In Economic Decline”

  1. Marsha Says:

    Greetings David,

    Just found your informative website/blog, while researching the Ajijic/Lake Chapala area.

    I’m an American (Northern Californian most of my life) married to a British gentleman. We live in south east England (Kent) but plan on making a major move in 2009. After giving serious consideration to Portland, Oregon; France and British Colombia, the Lake Chapala area looks more appealing in terms of climate, lifestyle, health care, and economics.

    Your comments echo my opinion exactly . . .

    (snip)

    Let’s face it, most Americans are going to have to change their lifestyles and priorities in the next few years, if not right away. You better start making long term plans now. You can hunker down and hope for the best, or you can lift your head and look farther down the road, the road heading south, and find an area of Mexico that you think you might enjoy. Whatever money you have will go 30-100% farther in Mexico, depending on where you live and what your requirements are. Start your search now, or prepare for a life you had not imagined.

    (snip)

    Richard (my husband) and I cannot afford to live in America because the cost of health care is outrageous — and getting worse every year. My parents, who live on the Oregon coast, are paying $400 a month for a Medicare supplement. It goes up 20 – 25% a year.

    Right now, we are trying to look at Mexico from all sides — not just the pretty pictures and attractively priced real estate — but politically and socially as well. We both have strong socialist leanings and would like to honour the community we call home.

    We’re hoping to take a trip to Ajijic/Lake Chapala in November/December of this year. We would spend several weeks in the area before making a decision.

    I agree that many of us will be making dramatic changes in our lives over the next decade. We can take nothing for granted.

    Viva La Vida!

    Marsha