By: Dieter

Christmas is a time of good cheer and gift giving. Some Boomers may however be sending the wrong message to children and grandchildren. With 40% of federal government spending now being borrowed and even more being created out of thin air (printed), America is on an unsustainable trajectory and headed for a voluntary (unlikely) or forced (likely) course correction that will prove extremely painful.

This Christmas’ gifting could be the right time to send a message of personal and familial responsibility, a message that recognises and communicates that buying the latest and greatest baubles cannot be part of America’s future. Christmas has become little more than a retailing event, its real meaning lost long ago. Read more here by Charles Hugh Smith who articulates this very well.