Simple: We Can’t.
The Kobeissi Letter put forward a valid question:
The answer is:
- They can’t.
Everyone I know right now is just trying to stay above water; to keep their finances in the black (no gain / no loss). Granted, I don’t know a lot of wealthy people, as I am solidly in the middle class. But considering the fact that even the middle class is struggling, I have no idea how the working class is getting by.
Most people in my bracket are racking up credit card or other debt and blowing through their savings. The problem is that this approach is unsustainable: The credit cards can only be maxed so far and the savings only last for so long. With no signs of our collective fiscal situation improving, we’re eventually going to reach a watershed moment. This can’t hold forever.
I cautioned others a while back to quickly learn how to live under their means. It’s only going to get worse from here. I am doubling down on that statement now. It is time to learn sooner rather than later.
Whatever you do, just don’t become this guy:
Their soy face physiognomy and funky pops will not be worth a damn when the collapse happens. Best fix the facial features with plastic surgery and sell the pops now while there is still time.
Although I will admit, I have always thought those pops things would be good for 100 yard target practice. Big head, small body—Perfect thing to blow up with a powerful caliber round.
If any of you are crazy enough to buy some and shoot them, make sure to send me a video.
Happy Meme Monday. Have an explosive week.
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