Living Without Credit

What happens when the magic lamps' wishes have been used? What do companies do when they have lent on shaky ground? How will the market contract, and what will be done to survive it?

The old folks had it right it seems, and history may have just repeat itself on us, like it does each, and every time it picks a new disguise to come at us with. Grandmothers, and grandfathers alike are nodding their heads looking back to the days of the great depression when they learned what happened when banks went under without desposit insurance. We may yet see again times where the hard earned buck beats out a quick swipe of the plastic. It may still be an electronic transaction, but it will come from checking accounts instead of an abused credit line.

Like any cycle things wax & wane. Now the economy is waning, and with it comes the need to stretch the resources that exist even farther. It is of course possible, but convenience may have to step back a bit to allow diligence to take its place.

Food can be bought in bulk amongst neighbors. If there is enough room then crops, or at least a small garden may be planted. Mass transit does exist, so gasoline doesn't need to be like sought after like gold. At a time when value is beginning to re-equate with usefulness and longevity instead of brilliance, and sparkle, there is a chance to delve back into an historic innate ability of people. That ability is prudence. The knowledge, and wisdom to say how can I get the most out of what I have without having to overstretch. Nature's law of energy conservation comes into the lifestyles of efficient minded people to hint that spending the least, while getting the most is the way to longevity of resources.