Don't you wish things were different

Look at Detroit to see how things will be in your neighborhood.

We have put it off for as long as we can and even though we can still afford our lifestyle we won’t be able to for the next 6 years. It’s going to get worse before it gets better. Our grocery bill keeps going up along with utilities, insurance, taxes, gas and even the one thing we have paper on, our house in Missouri where the mortgage payments increased by $360 this year because of insurance and property tax increases. We started a new business last year that will lose money for the next two and a half years, other than that we are pretty much on fixed income.

We have known our economic woes were coming since 2007 and even tried moving out of the county to lessen the impact on our diminishing ability to produce revenue because of old age. We have been hoping the government would do the right thing and lower the tax rate, promote oil and gas exploration, rebuild infrastructure, cut back on spending, get immigration under control, promote small business, anything to move us in the right direction. Now it’s too late. Watch the stock market for a correction, pay attention to what is happening with foreign governments especially in Asia and the EU, when one fails there will be a domino effect that will trigger the deflationary trend the Federal Reserve is so worried about. It could happen today or any day between now and 15 months from now. I can’t see how it can be avoided, I could be wrong but we have decided to consolidate now and hope we can be done before things start getting really messed up.

We moved into a cash position several years ago, hedged our bet with land and 2 small entrepreneurial enterprises which left us renting a place to live for the last 4 years. The only thing left is to shed the rent by moving to the property where we are currently building a house but the house won’t be ready for at least 18 more months. I’ve got 2 months to build something legal and ready to live in - stay tuned to see how that turns out.