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Image | How to Explain the Current Economic Situation to Friends & Family
How to Explain the Current Economic Situation to Friends & Family

Given its simple elegance in addressing a question frequently asked on this site, this post has been elevated from the forums section. It has been updated by site members rhare and travlin since its first appearance (the original post can be read here).

I've been working on a way to get across to friends and family how bad the economic situation has become. I find one of the biggest problems is that when numbers are in the billions and trillions they are very hard to imagine, and people get this glazed/deer in the headlights look. So I decided to try to scale the numbers in a way that can be more easily visualized. 

Below is an updated version, with many thanks to members of PeakProsperity.com community who suggested changes/corrections, and particularly to Travlin for rewording much of the message to make it a better story. Hopefully this version will help convince others of the serious nature of the US fiscal outlook. 

My Troubled Relative 

I need your advice. I have a relativewho is in financial trouble. He makes $50,000 a year, but he spent $74,591 last year, and his prospects of making $50,000 this year look kind of bad. There's a good chance he will get a pay cut.

 

How to Explain the Current Economic Situation to Friends & Family

Given its simple elegance in addressing a question frequently asked on this site, this post has been elevated from the forums section. It has been updated by site members rhare and travlin since its first appearance (the original post can be read here).

I've been working on a way to get across to friends and family how bad the economic situation has become. I find one of the biggest problems is that when numbers are in the billions and trillions they are very hard to imagine, and people get this glazed/deer in the headlights look. So I decided to try to scale the numbers in a way that can be more easily visualized. 

Below is an updated version, with many thanks to members of PeakProsperity.com community who suggested changes/corrections, and particularly to Travlin for rewording much of the message to make it a better story. Hopefully this version will help convince others of the serious nature of the US fiscal outlook. 

My Troubled Relative 

I need your advice. I have a relativewho is in financial trouble. He makes $50,000 a year, but he spent $74,591 last year, and his prospects of making $50,000 this year look kind of bad. There's a good chance he will get a pay cut.

 

Image | Installing a Solar Energy System
Installing a Solar Energy System

Like many of you reading this article, I am fairly new to the realization that our future may not turn out the way we originally planned.  A little over two years ago, after the financial turmoil set in, I began to wake up from my comfortable, relatively uncomplicated life and take a closer look at what was going on around me. 

I was first introduced to the Crash Course by an attendee at the 2009 CPAC Liberty Forum in Washington, DC where I had gone to hear Ron Paul speak.  Little did I know how dramatic an impact that one conversation would have on my life.  After watching the Crash Course a couple of times, many pieces of the puzzle started to fall together, and I quickly progressed to Stage 4 – Fear.  (See The Six Stages of Awareness for more on that topic).  A few weeks after I attended Dr. Martenson's Lowesville seminar, I decided it was time to take immediate action.  I've also had to deal with the challenges of convincing my partner that these changes were really worthwhile and necessary and that I wasn't a raving lunatic who would soon be wearing a tin foil hat!

I hope reading about the thermal and photovoltaic solar systems we have installed will encourage you to think about actions you can take to prepare for our uncertain future.  Since it would be impossible to even begin to give every detail about how the systems work or how to put one together, my goal is to show what can be done, give you things to consider, suggest rough costs, and provide links for further research.

 

Installing a Solar Energy System

Like many of you reading this article, I am fairly new to the realization that our future may not turn out the way we originally planned.  A little over two years ago, after the financial turmoil set in, I began to wake up from my comfortable, relatively uncomplicated life and take a closer look at what was going on around me. 

I was first introduced to the Crash Course by an attendee at the 2009 CPAC Liberty Forum in Washington, DC where I had gone to hear Ron Paul speak.  Little did I know how dramatic an impact that one conversation would have on my life.  After watching the Crash Course a couple of times, many pieces of the puzzle started to fall together, and I quickly progressed to Stage 4 – Fear.  (See The Six Stages of Awareness for more on that topic).  A few weeks after I attended Dr. Martenson's Lowesville seminar, I decided it was time to take immediate action.  I've also had to deal with the challenges of convincing my partner that these changes were really worthwhile and necessary and that I wasn't a raving lunatic who would soon be wearing a tin foil hat!

I hope reading about the thermal and photovoltaic solar systems we have installed will encourage you to think about actions you can take to prepare for our uncertain future.  Since it would be impossible to even begin to give every detail about how the systems work or how to put one together, my goal is to show what can be done, give you things to consider, suggest rough costs, and provide links for further research.

 

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