Economic Karma

Broken EuroI don’t know about you, but all this talk of world wide economic strife is starting to get me really worried. We know all about the stringent cuts that the government are pushing through here in the UK. The problem is that we all know we have to do something to reduce our deficit, but there seems to be a growing sense of, that’s fine, just as long as it’s not me that has to reduce my own standard of living.

I don’t want to pick on one country in particular, but Greece is seeing more immediate result of all the irresponsible causes they have made through many preceding years. Their situation appears hopeless, not helped, in my opinion, by loans from the rest of the economic union. Now, either Greece is going to get on with sorting it’s economy out and be beholding to the likes of Germany and France for decades to come. Or they are going to default on the loans, plunging the whole world into an even worse economic situation.

Don’t get me wrong, we are all guilty of spending more than we could afford, not just recently, but for years, all egged on by the ‘buy now, pay later’ society. It just seems that Greece, Portugal, Ireland and even Italy seem to have got themselves in deeper than the rest, but that’s fairly academic.

Just as we are all connected through the universe, our economies are all connected too. Like a set of dominos, if one country falls, there is a pretty good chance that they will all fall, and that will affect every single one of us. That’s how universal economic karma works.

Karma doesn’t only work at the personal level, it works at all levels. The causes we all make, in this case regarding our spending and banking practices, will and are causing effects that we are all feeling. And because we have been making short-sighted crazy causes for years, we can expect to see damaging effects for a long time to come.

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