Life Lies we are told!
All of these are written from the US perspective as I live here.
The Biggest lie that comes to mind is middle-age is 60-70.
Ha, if most men die with 3-years of retirement that would put middle-age at 38. Which requires a complete brain reset to understand and plan your life for.
The next largest is Go to School, Get a good Job!
The old adage was Work hard, get a promotion, rinse and repeat and after 30-40 years retire. The silent part is old school corporations demanded your loyalty, however, when it came time to cut you like bait, there was never hesitation. They don't tell you that part. Shift the paradigm to see you are building someone else's dream of passive income. When you did decide to leave a toxic workforce or manager environment they lay out the guilt on how you will be hard to replace, blah blah. And oh they might try to counter with a pay increase knowing all along they could have paid it to you. Now its just another reinforcing reason for your departure.
Save and passive investing is the way to wealth.
WOW, so many layers to the lies here. Meanwhile Inflation even at 2% be annum eats away at any value the $ amount in savings has. I have a feeling that the Elite don't follow this rule, I believe they talk in a different language, specifically assets. Now, I can't prove it because I don't know any rich or elites. Why are we not taught the importance of compounding interest? As investing is important for the life-blood of a nation?
Gold is an ancient relic
Yeah, Gold has been the monetary standard for 5000-years and over the past 4-years Global Central Banks have been loading up their shopping carts. Soooo, IF Gold is a relic why load up? I mean the Global debt level is only 7-8x global GDP. Why have a standard now? Didn't they institute this debt system? Ah, see they have been loading up while we were all distracted by the VID and the 'free' money schemes and the lockdowns. What IF, go with me here, the central banks have been purchasing 2x the Gold amounts they publish? Would you think differently about the relic? Central Banks hold Gold as an asset, perhaps you should as well. DYOR!!!
Where is the Tariff inflation?
We were told for decades we have to tolerate these bad trade deals because if we have our own it creates inflation. So, instead during global lockdown the US Gov. printed TRILLIONS and sent some to everyone include foreign nations. Well, we got our inflation from that didn't we...
Its been nearly 6-months with import tariffs imposed by the new administration and we have seen Month over Month CPI as well as PPI prices decline. Sure I can see its only 0.1% point but its not the end of the world inflation nor hyperinflation all the talking heads were cackling on about! So do they not know that tariffs will take about 1-year to filter through the economic system or didn't care they just wanted to appear correct? Or were these just outright LIES?
Summary
The older I get the more cynical I become, most of it stems from the lies and systems designed to trap hard working people. Tariffs appear to be a political hot potato that most Politicians can't stand to touch. And I assume the economists crystal balls are broken and in need of replacement. Open your eyes to the systems designed to trap you. Have you discovered any life lies that you want to share?
