Let’s shift our focus

April 23, 2009 at 2:00 am Leave a comment

For today’s post, I’m bringing you two quotes I’ve found whilst reading on the global financial hissy fit aka GFC. They both say it all really – couldn’t agree more.

First up, from Harry S. Dent (author of The Great Depression Ahead):

“Western world consumers are now spending less.  This will last for a number of years.  No amount of stimulus, and no waiting period, will cause consumers to rush back to stores and car lots, buying on credit.  Not only are consumers spending less, but there has been a shift in goals.  It is no longer about what you have (more stuff), but what you don’t have (paying off debt).  Add to this an incredible shrinking personal asset base (homes, 401(k)’s, savings accounts, etc.), and you get one more solid reason for consumers to change their focus.”

And then from Bob Waldrop (a libertarian activist and permaculture expert):

“If we don’t stand together against this, the future is bleak.  We stand together when we slash our consumption, take our money out of the big transcontinental banks, invest and spend our money in our local economies, plant gardens and grow local food systems and refuse to listen to the lies of politicians and Wall Street sociopaths anymore.”

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Entry filed under: Economics. Tags: , , , .

What’s happening now? I’ve had a facelift

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