Before on this page I have mentioned the feeling of being stuck and fighting against a spider web. That every move gets you more stuck. During the business struggles of May and June I was looking for several ways out, and in our church parking lot a group for businesses was suggested to me. Now we have been a part of a networking group for a long time, but this was a different type of group. One more focused on education and mentorship than passing business to each other. This felt like what I needed.
Last night was the first event I attended for this group, and boy was it diving into the deep end. A borderline racist, conspiracy theorist talked to the group for two hours about the impending global economic collapse. I am almost certain this is the guy from those old “Dire Warning” radio commercials they played on XM radio all the time, and I’m not saying the guy wasn’t smart or wasn’t worth listening to, only that what he was saying was BS even if I’m not smart enough to tell you how.
One of the things he talked about was Japan’s massive debt and how eventually that is going to lead to their downfall and then once that happens the rest of the world will collapse, but the thing is Japan has been in this situation for 30 years. We live in a more global economy than we did 30 years ago. If Japan were to collapse the American automobile manufacturing industry would collapse for a second time, and that is good for nobody.
The one thing I think he was right about is that most companies in the world run through America. As I alluded to above Toyota and Lexus do their manufacturing in the USA, and when I sent a JLC watch off to be serviced it went to Texas and not Switzerland.
I do not think we are on the brink of any type of disaster where all the major world economies are going to suddenly cease to exist, and even if they did new leadership or new power structures would quickly occur. The answer to the Japan question of how can a country continue to exist with debt double their GDP is probably found in behavioral economics. That the people and industry in that country do not care if the country is that far in debt. They would rather see it continue to exist than whatever it looks like if it’s current government goes kaput.
The most ironic thing about all this is the guy opened by telling us that the entire history of the world is the history of economic struggle, and ended with a call for universal basic income, but intermixed in all this was praise for the current president, criticism of the New York socialist movement, and many claims to love capitalism.
I just hope that the next event is more focused on local small businesses and things like lead generation than whatever that was.
David Huzzard Writes 