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Simon Black's Advice To Young People: Grab Your Ankles

Tyler Durden's picture





 

To all who watched the recent student demonstrations in London (in which members of the royal family ended up being victims of righteous mob anger), and mused that things like this can never happen in the US, Simon "Sovereign Man" Black has some words of caution: prepare to grab your ankles. His advice is what some may consider borderline anarchistic: "Stop playing by everyone else’s rules. Refuse to be enslaved by the idea that it’s your civic and moral responsibility to pay off the debts of your government’s failures. Cast off the yoke of their control… and summon the courage to live a life by your own design." Yet judging by recent violent events in ever more European countries, who have decided on precisely this outcome, is this such a far fetched perspective of what reality may soon become?

From the Sovereign Man:

Young people: get ready to grab your ankles

If you’re reading this and under 30, let me be absolutely clear about one indubitable point: your government is going to sacrifice your future in order to pay for its own mistakes from the past.

To give you an example, students in London came out to the streets in droves last Friday to protest the British parliament’s most recent austerity measures which tripled the cap on their university tuition to $15,000.

Sure, Britain is imposing all sorts of austerity measures on its citizens… and while I won’t get into a discussion about the absurdity of government controlled education, I will point out that students are having their benefits cut far more drastically than any other segment of the population.

Are pensioners seeing their costs triple? No. Are middle-aged workers seeing 50% tax hikes? No. Aside from the very small segment of high-income earners who will be forever robbed and pillaged of their wealth, the younger generation is next in line to receive the butt end of the crisis fallout.

Younger folks have comparatively lower incomes, benefits, job opportunities, and political clout than their seniors, yet they are increasingly expected to assume a disproportionately larger burden of the consequences of government folly.

It’s the younger generation that is called on to go fight and die in pointless wars in faraway lands; it’s the younger generation that is forced to assume the debts of their forefathers; and it’s the younger generation that gets relegated to the back rows of the political amphitheater and dismissed by the establishment.

Meanwhile, retirees aren’t seeing massive benefits cuts, and middle-aged wage earners income earners are being protected from above by politicians. In fact, let’s take a minute and look at the looming fate of the average young person today:

1) Your government-run university tuition is going to go through the roof, saddling you with unfathomable debt before you even enter the world as an adult;

2) Once you graduate, you’ll be the last in the hiring queue;

3) If you do get hired, you’ll be the lowest on the totem pole and the first to be let go when tough times befall your business;

4) Once the labor market eventually stabilizes, you’ll enter your prime earning years with some of the highest tax rates ever seen as your government continues to cannibalize your generation to pay off its largess and indebted entitlement programs that benefited older generations;

5) For your entire working life, you’ll pay into a pension system that is going to be bankrupt by the time you’re qualified to draw on it;

6) More than likely, you’ll never achieve the standard of living that your parents achieved;

7) Whatever wealth your parents accumulated won’t be left to you– the bulk of it will be confiscated by the state (unless your folks were smart enough to plant multiple flags) due to a host of death taxes.

If you’re in the millennial Facebook generation, this is going to be the standard storyline of your peers. The system that’s in place right now– the failed cycle of debt and consumption fed by continuous government intervention– has stuck you with the bill.

Fortunately, there’s a silver lining (as always). Younger people are generally less anchored and more mobile than their elders, hence it’s much easier to opt out of this perverse system.

If you’re angry that your government is saddling you with the responsibility to pay off generations of bad decisions, then get out of dodge. Stop playing by the same rules of the game that used to work in the past– the old playbook of “go to school, get a good job, work your way up the ladder” simply doesn’t apply anymore.

Don’t stick around a society that has completely forsaken you and is waiting with knife and fork in hand to carve up your earnings once you finally enter the labor market… get out of dodge now, while it’s easy to do and you have little to risk.

Go explore the world and get an education based on experience, not expensive academic theory. Seek opportunities in thriving, frontier markets overseas… places like Kurdistan, Mongolia, Botswana, Kazakhstan. Soak up the local intelligence and become the grease guy on the ground who can make things happen.

Find people whose lifestyles you want to emulate and make yourself indispensable to them as an apprentice… this will be the only time in your life that you can afford to work for nothing in exchange for a valuable, first-hand education.

Most of all, stop playing by everyone else’s rules. Refuse to be enslaved by the idea that it’s your civic and moral responsibility to pay off the debts of your government’s failures. Cast off the yoke of their control… and summon the courage to live a life by your own design.

The path to prosperity in the Age of Turmoil depends on this ability to reject the old system, declare your economic independence, and carve your own path.

 


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Thu, 12/16/2010 - 17:09 | Link to Comment ShankyS
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Do we get lube at least?

Thu, 12/16/2010 - 17:15 | Link to Comment Cheesy Bastard
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"NO SOAP FOR YOU!" said the famous "soap nazi".  "NEXT!"

Thu, 12/16/2010 - 17:21 | Link to Comment kornholio
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wasnt that soup?

Thu, 12/16/2010 - 17:38 | Link to Comment Cheesy Bastard
Thu, 12/16/2010 - 20:45 | Link to Comment hambone
hambone's picture

Uhhh, ankles?, no. 

I'll grab something but not my ankles.  Those kids in Greece and London are just getting us ready for kickoff.

Thu, 12/16/2010 - 20:58 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Yes, it is "soup", hence a primary example of someone who needs to grab their ankles. Troll away...

Thu, 12/16/2010 - 21:00 | Link to Comment Bananamerican
Bananamerican's picture

"in which members of the royal family ended up being victims of righteous mob anger"

hyperbole.

Someone "kicked the royal car", not the royal caboose

Thu, 12/16/2010 - 17:13 | Link to Comment centerline
centerline's picture

No.  But the Fed will talk dirty to you first.

Thu, 12/16/2010 - 17:15 | Link to Comment Matxeu
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gubment can only afford lotion

Thu, 12/16/2010 - 19:10 | Link to Comment Gubbmint Cheese
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this one has aloe!

Thu, 12/16/2010 - 17:24 | Link to Comment DavidPierre
DavidPierre's picture

The US disintegrating?
USSA self-destruction has been a Russian and Soviet theme for decades.
The Russians should know...having watched their own Union disintegrate.
Is that so really unlikely?
It is if you don't know history.
Strangely missing from the hysteria over a Russian academic's prediction is the existence of a well reasoned study of the same topic by an American academic and venture capitalist Juan Enriquez.
Read his book "The Untied States of America" Enriquez has a 50 year time frame and he's not predicting (much less hoping for) dis-integration of the US into smaller countries.
But he points out that not only is it possible, there's evidence the US is on this seemingly unlikely trajectory.
ALL states disintegrate over time. Anyone who doesn't know this hasn't thought about the last 200 years of history. The US came close to dis-integrating less than 150 years ago.

http://www.youtube.com/watch?v=3yRzQz0KMyI

 

Thu, 12/16/2010 - 17:29 | Link to Comment Ragnarok
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.

Thu, 12/16/2010 - 19:44 | Link to Comment The Mighty Monarch
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If states' rights had actually been preserved, there would be no need for a split. Don't like your state's laws? Move to another one. That was the beauty of the practically defunct Tenth Amemdment. Ideally the Feds were supposed to defend from foreign aggression, coin money, regulate interstate commerce, and very little else.

Thu, 12/16/2010 - 20:17 | Link to Comment delacroix
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the STATES were to coin money. only gold and silver, not the federal gov.

Thu, 12/16/2010 - 20:32 | Link to Comment DavidPierre
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 Jim Sinclair yesterday.

He is absolutely correct ... counties, municipalities, cities and states are flat broke. Cooking the books to "push the problem six month down the road".

The problem now is that these government entities are deadbeats, not paying their vendors. Anyone who believes that Dollars are a safe haven are just plain uninformed nuts because "faith and credit" are collapsing quickly.

 EVERY sort of U.S. government entity from the smallest pueblo to Uncle Samare fiscal wrecks just waiting to be put to death. The Muni bond market is again collapsing ...a shut off of credit. These rates are exploding not because of too much growth, fear of inflation, this is happening because investors understand that they are not going to be paid back. This is the beginnings of a default chain wrapped around the neck of the country and the Dollar.

Think this through very very carefully because at some point in the not too distant future you will be "on your own".

You will need to burn your own garbage, put your own house fire out, get yourself to a private hospital, and defend your life and property after calling 911 only to receive a recording. This is no joke, it is soon to be cold hard reality!

Owning precious metals will shield your financial position but you must calculate ahead for life's necessities that are currently taken for granted. All you need to do is look at the riots in Greece, London, Italy, France etc. to know what is coming. Social handouts will cease and people who are cold and hungry will do what they need to survive,more brutally so, because the ethics of the 1930's (help your neighbor) no longer exist.

Please do not discount this off rantings , it is coming hard and fast, when it fully arrives  PANIC and FEAR will not be strong enough words to describe it!

Sorry for this dose of reality so close to the holidays but it is what is is and it isn't pretty.

via LeMet

Thu, 12/16/2010 - 20:45 | Link to Comment romanko
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wow! that's some hardcore xxx disaster porn! whew!

Thu, 12/16/2010 - 17:22 | Link to Comment SheepDog-One
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Theres an app for that. ILube.

Thu, 12/16/2010 - 17:12 | Link to Comment kato
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not bad. i kind of agree.

Thu, 12/16/2010 - 17:13 | Link to Comment SparkySC
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Though in my 40's this is an outrage for the Youth of America!

They're getting totally HOSED and it needs to stop.

 

 

Hopefully they'll rise up and enact a Logans Run approach and get rid of the old-bones/cronies!!!!!

 

 

I apologize to the youth and to those who aren't even born yet. 

Our politicians are completely criminal and suffer from mental retardation to the 10th power. 

 

 

Thu, 12/16/2010 - 18:46 | Link to Comment Sudden Debt
Sudden Debt's picture

Like we are blamming the former generations because we will miss out on our retirement, so will they blame and even hate us for blowing their future.

I'm 34, and to be honest. The job I do today, pays well but because our taxes are so high I don't feel that "rich".

We pay 53% on our salaries for taxes, and on everything I buy I pay at least another 20% taxes.

My country is nearly bankrupt and the only sollution will be to increase taxes and do a massive austerity.

I started working in 1999. And believe me, compaired to today that where the golden times.

 

What kind of golden times will they have? This crisis will take at least another 10 years.

Thu, 12/16/2010 - 19:45 | Link to Comment NotApplicable
NotApplicable's picture

Next, add the hidden tax of inflation, and you can really watch your earnings evaporate.

In 1980, as a high school freshman, we had to meet with the guidance counselor to discuss our future plans in order to ensure we took the right classes to get into college. I remember at the time, the average salary range for an engineer was $33k-$36k. It wasn't enough to be considered rich, but certainly allowed for a comfortable standard of living. So, I decided that being an engineer would be a good thing.

Now, here it is 2010, where I earn considerably more than $36k. Am I better off? Not by a longshot. Using fedgov's own cpi calculator, that same $33k-$36k range requires salaries of $87.6k-$95.6k in order to have the same purchasing power. So, it takes almost three times the income just to match the purchasing power of thirty years ago, and that's with the fake BLS numbers! I'm sure it would make me sick if I did it with shadowstats CPI numbers.

Fri, 12/17/2010 - 12:57 | Link to Comment pitz
pitz's picture

Its even worse than that, because the BLS stats are garbage, and the perks of being an engineer have gone away (like cheap access to computers, a managerial career path, etc.).   And tax bracket creep has also negatively affected such.

I figure just to equal 1980s purchasing power of an engineer, and the intangible fringe benefits, an engineer would need a $200-$300k/year salary these days. 

Thu, 12/16/2010 - 19:34 | Link to Comment barkingbill
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what is most disturbing is that they have NO idea. they all have flags in their apartments and think america is such a great country. they have no idea that america is about to take a massive shit on them. but they will find out soon enough I guess. 

Thu, 12/16/2010 - 20:14 | Link to Comment Simon Endean
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America *is* a great country.   It's the what-passes-for-government that sucks.

Thu, 12/16/2010 - 20:48 | Link to Comment Thanatos
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Correct.

Thu, 12/16/2010 - 17:16 | Link to Comment jeffgroove102
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No benefit of a reach around, geez!

Thu, 12/16/2010 - 17:17 | Link to Comment Dr. Richard Head
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Nor a kiss.  Damn them.

Thu, 12/16/2010 - 17:18 | Link to Comment centerline
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While I completely agree in principle, in practice how does one not play by the rules in a meaningful way that does not lead to living under a bridge and eating out of a dumpster?  It's not like there is an alternative game to play.

I suppose that the best answer would be to avoid materialism.  To rethink what matters in life.  To minimize your footprint in the game - assuming that the game is still going to exist in near future like it is today.

Most of all, I think the game is up soon and the youth will face entirely different challanges than foreseen here.

Thu, 12/16/2010 - 17:20 | Link to Comment Ragnarok
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First choose a better game (non-G20 nation), and then minimize your footprint in it.

Thu, 12/16/2010 - 17:26 | Link to Comment centerline
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+1.  Thought goes through my mind daily.  With my luck though it would be "out of the frying pan and into the fire!"

Thu, 12/16/2010 - 17:29 | Link to Comment MachoMan
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This sounds like some crazy ass buddhist philosophy.  "we must treat our problems by dispensing with emotion and then we will not care about our problems".  In other words, you can cure materialism by going someplace else and getting treated like shit and being poor...  In other words, learn to love being poor.  In short, capitulate.

Same shit, different country.   

Thu, 12/16/2010 - 17:34 | Link to Comment centerline
centerline's picture

Ha, ha.  That is seriously funny.  It does start to sound all zen-like though to talk about balance and how everything is inter-related...

Seriously though, the psychology of average American is so twisted at this point that the deprogramming is damn near impossible.

Thu, 12/16/2010 - 17:39 | Link to Comment Ragnarok
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Choosing a better game would involve choosing one that treat you "like shit." Also, who said anything about being poor (you assume we're poor now)?  People with skills and ambition will prosper in these more accommodating environments.

Thu, 12/16/2010 - 18:11 | Link to Comment MachoMan
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People with skills and ambition are impotent to use it for their own gain without combining them with machiavellian aptitude.  Yes, you will move to a different locale and suffer the same fate unless you are willing to play the game. 

Thu, 12/16/2010 - 18:20 | Link to Comment Ragnarok
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.

 

 

Thu, 12/16/2010 - 17:53 | Link to Comment merehuman
merehuman's picture

1 meal per day  and a sleeping bag. Some toilet paper, a water jug and a plastic for the rain.  Did that more than 20 years. I was younger then, folks were nicer and doing better than whats a coming.  anything xtra was luxury. I remained frugal since and only require myself to be happy. Now with a bycicle it could be quite the adventure.

Bullish for life and love. 

Thu, 12/16/2010 - 20:51 | Link to Comment Thanatos
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You can stay right where you are at and get poor too!

Its the new default.

Thu, 12/16/2010 - 17:27 | Link to Comment Cognitive Dissonance
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Since the financial system lives and dies on the margins, just reducing your consumption by 5% across 50% of the population, or 10% across 25% of the population and so on will bring the system down.

The mainstream entertainment mind control keeps us all marching to the same beat. We are taught it's useless to resist. Hogwash. There is great power in the numbers and if (hopefully when) the majority wake up, just a little resistance wide spread will topple the vampires.

Thu, 12/16/2010 - 18:30 | Link to Comment iDealMeat
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+50%..  Reducing your consumption by 1/2 is not only the best form of protesting you can do it also the safest.. It also has the benefit enriching you and making you healthier.

Stop supersizing your Mac'D meal. You don't need the shake either.

1 cup of coffee.. not 2..

Grow more of your own food..

Bike to work.

Turn off your TeeVee and go outside.. It's nice out..

 

PS:  Best CAPTCHA ever:

Math question: *

fifteen plus  __  equals 16

 

Thu, 12/16/2010 - 19:51 | Link to Comment NotApplicable
NotApplicable's picture

Damn, I thought I had it yesterday with 27 times ___ equals -27.

In other news, I'm getting pretty good at multiplying 2 digit numbers in my head.

Thanks Tyler!

Thu, 12/16/2010 - 19:25 | Link to Comment Things that go bump
Things that go bump's picture

I sold my house in 2007.  I paid off all my bills and bought physical gold and silver.  I spent the rest on tangibles.  I cashed out the 401K when I lost my job.  I no longer have a bank account.  I've been on funemployment on and off for the past three years, and even when working I am making such a paltry sum that I pay almost no taxes.  On paper I look destitute.   My kids and I consolidated housing, cutting everybody's expenses, so we all live better on much less.  The grandkids like it.  There is always someone around who has time for them.     

 

Isn't this the chance we've been waiting for all our lives? Isn't this the chance to bring down the thing that has been slowly squeezing the life from us since we first drew breath?   There doesn't have to be violence, we can just stop participating and wait for the inevitable.  

Thu, 12/16/2010 - 19:55 | Link to Comment thegr8whorebabylon
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Ttgb, you are my hero.  This is our chance.

Thu, 12/16/2010 - 19:58 | Link to Comment NotApplicable
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Multi-generational housing (i.e. community building at its most basic level) is certainly one of the best benefits of this unfolding disaster. Well, except for those seriously dysfunctional families who will probably resort to killing each other. They will only benefit the local news and the police state.

Thu, 12/16/2010 - 20:49 | Link to Comment dark pools of soros
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the mexicans have been doing that for decades and they dont read ZH

Thu, 12/16/2010 - 20:57 | Link to Comment Thanatos
Thanatos's picture

We laugh about this...

I personally know some old dirt farmers that I guarantee will not know that the shit hit the fan until they see all the BMW's running out of gas and a bunch of city folk running down the highway looking for food trucks to stop... They will scratch their heads and shrug their shoulders and go back to whacking dirt turnips and chile pods. They go to Wal Mart once every 6 months... They have Gas tanks at their sites... They won't feel a damn thing...

Until they get rich selling me food.

Thu, 12/16/2010 - 20:46 | Link to Comment romanko
romanko's picture

that's my plan! :)

Thu, 12/16/2010 - 17:18 | Link to Comment fightthepower
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The youth of America is far too stupid to grasp what is happening.  Even if they could understand it, they are too busy texting each other, playing video games and using Facebook to even notice it. 

Thu, 12/16/2010 - 17:25 | Link to Comment Bodhi
Bodhi's picture

Sometimes it's hard to fault them. They have been taught nothing else from birth to be consumers. Consumers of products, consumers of media.

Thu, 12/16/2010 - 17:38 | Link to Comment ExpendableOne
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And the governments are consumers of youth. 

Thu, 12/16/2010 - 17:54 | Link to Comment centerline
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... comment removed.  Original post was frustration rather than what I really think - and didn't deserve the digital space it occupied.

Thu, 12/16/2010 - 17:54 | Link to Comment tmosley
tmosley's picture

Ignorance is different than stupidity. Ignorance can be cured. Americans, in general, are quite ignorant of what is going on in the world.  There will come a time when they are not.  It is already heading that way, what with the youth at home all day due to 23% unemployment.

Thu, 12/16/2010 - 17:57 | Link to Comment centerline
centerline's picture

+1

Thu, 12/16/2010 - 18:09 | Link to Comment Jaw Knee Cash
Jaw Knee Cash's picture

I have to disagree. I was quite surprised recently several discussions with high school aged and early college aged folks about how enlightened they really are. They know the system is rigged and had a better grasp of economic issues than any talking face or so called experts in the political arena. I figure there's about 15-20% of us that understand how fucked our system is and that are preparing for the inevitable reset. The other80-85% is truly fucked and a flock of hopeless sheeple.

Thu, 12/16/2010 - 18:57 | Link to Comment MachoMan
MachoMan's picture

Easy for a bunch of kids to shit talk when they've probably been/are prohibited by law from working and have yet to literally face anything in the real world.  The step from academic babysitter to real world is a fucking bitch.  Youth energy and passion is neat and all, but without experience to direct it, the emotions can easily stray... 

Those same kids who "know" what is going on are going to be rioting for more entitlements in no time...  There may be 15-20% of people who know how fucked we are, but there are maybe 1/20 of that small percentage that can keep internally consistent political theories and who literally taught themselves via books how the world works and dispensed with virtually all indoctrination.  

Also, please explain how an 18 year old kid prepares for the reset?  If you have to start preparing at this juncture, you have already died.  I'll only ask them to stay off my grass once.

Thu, 12/16/2010 - 19:12 | Link to Comment Jaw Knee Cash
Jaw Knee Cash's picture

I was mostly referring to adults preparing for the inevitable reset. I think a non elite class 18 year old can only prepare by having the right frame of mind, staying mobile, staying out of debt, and devoting their time to obtaining a real education. one group of the 'kids' I was referring to were discussing Austrian economics and fiat currency matters. I'm late 40s and was shocked. I work with so called professionals that could not tell me the most basic premises of Austrian economics if I had my .45 to their heads. My basic and original point is that many of these high school and college aged kids acutally understand the real issues. Sure, they have been bred as pod people like most of our society, but there is an underlying real discussion going on about how fucked their generation is at this point in time. For that matter, we're all fucked in the short term.

Thu, 12/16/2010 - 20:03 | Link to Comment MachoMan
MachoMan's picture

Dude, you found some weirdos.  Go back to the school and start hitting some random people up in conversation...  get a bigger sample...  I promise you will no longer be dumbfounded.

Thu, 12/16/2010 - 19:19 | Link to Comment AugmentedFourth
AugmentedFourth's picture

::Yawn::

Another inane and short-sighted "kids these days" rant.

Without fail, every generation falls into the same trap; They use their stale and outdated metrics, to try and place a fundamentally different world into some nostalgic context. It's a boring and pointless exercise that only serves to make one look like an old man brandishing his cane at some dementia-induced spectre.

 

Thu, 12/16/2010 - 19:25 | Link to Comment Live_Free
Live_Free's picture

+10

Where's the enlightened of the previous generations to educate us young people? I'm searching, having a hard time finding any help...

Thu, 12/16/2010 - 23:59 | Link to Comment akak
akak's picture

::Yawn:: 

Another shallow, egotistical, narcissistic 20-something i-pod-person who thinks they know and have seen it all.

Yes, it is true that for the last four or five generations (in North America, at least), each older generation has bemoaned the social decay, declining morality, and increasing self-absorption of the younger generation following them.  That takes nothing away from the fact that they were, and are, CORRECT!  You are probably too young to have seen the degeneration over decades as I now have, and have too little if any historical frame of reference to appreciate it, but it is an undeniable fact that American society, along with our political institutions and liberties, arts and educational system, has been decaying and dying for at least the last century.  Just because each generation is finally able to recognize that fact does not make them wrong --- just the opposite in fact.

May you live long enough to realize that you live in a declining society with a degenerating culture.

Thu, 12/16/2010 - 19:21 | Link to Comment Live_Free
Live_Free's picture

Wow what a generalization. I am under 30 and my days usually consist of a desperate search for worth while information on the web. I gave up hope on going into debt on a college education that in my opinion is one of the worst "investments" a young person can make now days. Most days I feel like a starved coyote scavenging through a desert of random information searching for any morsel of worthwhile mental sustenance.

I send a few texts a day, I have no facebook, I only play video games when my mind needs a reprieve from my desperate search for wisdom. Further, I have no mortgage, no credit cards, no car payment and thanks to ZH am trying to develop a strategy to put what little capital I have into PM, probably silver to get started.

If the youth are "far too stupid" isn't it fair to say this is a reflection of the generations before us that raised us and provided for us?

Thank you ZH for providing information in the desert. As for me, I will continue to search for information and wisdom. I would love to find a mentor, however I do not no anyone older then me that isn't simply a corporate slave mindlessly floating day to day through the same routine- work, check, mortgage, repeat.

 

Thu, 12/16/2010 - 20:10 | Link to Comment MichaelNY
MichaelNY's picture

It sounds like you have figured out what it means to be soveriegn, and I'd be delighted to have you over for a beer.   Learned long ago to believe nothing...and it has served me well.

Thu, 12/16/2010 - 20:10 | Link to Comment Rainman
Rainman's picture

.....search for wisdom and understanding is long road, grasshoppa. And most people never arrive at destination.

Thu, 12/16/2010 - 20:33 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

Most people never step out the door to begin the journey.

Thu, 12/16/2010 - 20:41 | Link to Comment Jendrzejczyk
Jendrzejczyk's picture

Seek out a craftsman-proud to teach and share his/her knowledge. Extra skills may come in handy. There are many craftsmen looking for students.

 

Thu, 12/16/2010 - 17:23 | Link to Comment SheepDog-One
SheepDog-One's picture

HEY is there an IApp for that?? Maybe I can make billions designing ILube.

Thu, 12/16/2010 - 17:24 | Link to Comment bugs_
bugs_'s picture

Age of Termoil

Thu, 12/16/2010 - 17:25 | Link to Comment doomandbloom
doomandbloom's picture

which channel is American Idol on?

Thu, 12/16/2010 - 17:27 | Link to Comment Racer
Racer's picture

The way things are going the politicians and central banksters are embarking on genocide.. of the poor, the elderly, the frail and unborn children through starvation because they cannot afford to live.

They are all Hitlers but they do not give direct commands to other people to kill, they just use their powers to cause other forces to kill.. that doesn't mean they are not guilty at all.

Thu, 12/16/2010 - 17:26 | Link to Comment redpill
redpill's picture

BOHICA baby

Thu, 12/16/2010 - 17:27 | Link to Comment SheepDog-One
SheepDog-One's picture

1 word- 'ILube'

Thu, 12/16/2010 - 19:54 | Link to Comment SCOTT
SCOTT's picture

Bend over young Rover, let the Goberment take over!!

Thu, 12/16/2010 - 17:26 | Link to Comment MachoMan
MachoMan's picture

I think Mr. Black has fundamentally misinterpreted the mindset of american youth.  As an under 30 person myself, I can fully attest that my generation, as well as those below me have no aspirations of leading an independent life.  Literally, every bone in our bodies has been wrung dry of any real concept of autonomy, liberty, privacy, and fruitful economic enterprise.  We are literally a different kind of human being...  many of the things older generations take for granted have been systematically gutted from us (thanks to the older generations, in large part to "protect" us).

As a result, we will have no common enemy nor collective realization and direction.  We will literally attack each other before we would ever unite against universally recognized common enemies.  Further, we would literally accept the crack of the whips at our back for a few hours of television or websurfing a day.  For all intents and purposes, we have been completely and totally domesticated.  Let my generation be the glaring reminder that the human spirit has been conquered, but not without significant inputs and resource expenditures.  In short, we have been lobotomized.

Thu, 12/16/2010 - 17:29 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

You seem to have survived your lobotomizing pretty well. Clearly you aren't you the only one, right?

Thu, 12/16/2010 - 17:31 | Link to Comment SheepDog-One
SheepDog-One's picture

Hell most everyone is the country is some kind of Borg creature already. Young or old doesnt seem to matter. Its bizarre, I cant even talk to people in my family anymore, I dont know who the hell snatched their bodies and replaced them with these units with main stream media record and regurgitate devices. Havent heard a singe bit of actual THOUGHT or LOGIC from anyone around me in ages. Conversations are all what was heard earlier in the day from radio and TV.

Thu, 12/16/2010 - 17:34 | Link to Comment Shameful
Shameful's picture

Sadly true. 

I don't think most get what our generation is really like without living it.  I know I feel like a anachronism, a relic from another age.  Can't stand the youth culture and the rampant narcissism.

Sure some of us jumped the fence, but most of the youth has no idea what is happening.  As long as they get their toys and can feed their egos they'll put up with most anything.

Thu, 12/16/2010 - 18:17 | Link to Comment MachoMan
MachoMan's picture

I generally blame the complexity of modern american living.  At virtually every turn, there is another leach, sucking time, money, or spirit.  To succeed you need to be either incredibly bright or incredibly connected and, in all likelihood, both.  Virtually all of the ends of the american dream lead to a lifestyle that is impossible to keep up with and, in large part, at the expense of our sanity.

Everytime I think about it, I am reminded of the lines in the watchmen, where nite owl and the comedian are in the owl ship and are hovering above a protesting crowd.  Eventually, the crowd gets unruly and the comedian loses his cool and drops down amongst the protesters, firing shotgun blasts, gas, etc.  When the smoke clears, nite owl is in total shock and disbelief and rhetorically asks, what happened to us?  What happened to the american dream?  And the comedian replies nonchalantly, you're looking at it kid... it came true.

Well, it came true.

Thu, 12/16/2010 - 19:00 | Link to Comment Shameful
Shameful's picture

I don't think it's the complexity. I think it's the culture.  We have a culture of corruption.  Really we expect people to be corrupt, it's taken as a given.  We glorify the hustle and the thief in our media, and pundits defend massive looting from their entity of choice.  Our entertainment revolves heavily on violence and/or sex acts, or in other manners of being extreme or edgy.  It's over stimulation in the extreme.

This makes sense though.  The looters and apex thieves are all on top.  Naturally they would want a culture that gives it's acceptance to the looters and in many ways glorifies them.  Naturally with the acceptance why wouldn't there be a leech and regulation at every step?

Thu, 12/16/2010 - 19:28 | Link to Comment MachoMan
MachoMan's picture

Right, but the corruption and fraud are hidden by the complexity.  When all is said and done, I think we'll be able to see a direct relationship between the degree and scope of the complexity and the level of credit in the system.  Whittle this bitch down to a skeleton crew and see what happens.  It's a lot harder for a magician to hide a rabbit if he doesn't have any clothes.  The whole thing, just layer after layer of complexity...  each layer deriving less spoils for their intended beneficiaries, but representing hush money/complacency money/bribes to turn a blind eye none the less.

Thu, 12/16/2010 - 17:35 | Link to Comment Scarecrow
Scarecrow's picture

You are wrong. Young people will respond in the US the same way they are in Greece and in Italy. Rioting, violence, protests, destruction.

 

 

Thu, 12/16/2010 - 18:13 | Link to Comment MachoMan
MachoMan's picture

Reread my post.  I fully contemplate our youth will riot.  However, I completely dispense with the notion that the rioting will in any way be directed at our common enemies and any source of our problem.  For example, I fully contemplate that american youth will riot over entitlements being cut just like our european counterparts, and like the european riots, this will lead nowhere.  In short, we are literally going to have to re-invent ourselves and completely dispense with virtually every aspect of our indoctrination.  This is something only a few humans are even capable given the objectivity, determination, and self monitoring abilities required.

In the end, any creative destruction that occurs to the system will literally be from a construct of the system and not our doing.  This should be embarassing, but I can't ponder on that when I have television to watch and a pizza to eat.

Thu, 12/16/2010 - 18:44 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

You hit the nail on the head. It's enough to drive a man insane, hence my frequent and heavy participation in various mind-numbing devices.  Hope to meet you on the other side should it ever occur.

Thu, 12/16/2010 - 19:33 | Link to Comment Live_Free
Live_Free's picture

Love it Macho. How rare to find another young person that relates to all of this. I've literally never interacted with another under 30 that has any ability to see past their on facebook profile let alone contemplate the idea of the perverse indoctrination right infront of their faces.. or facebooks.. 

 

Thu, 12/16/2010 - 17:46 | Link to Comment Hicham
Hicham's picture

I doubt it. Look on youtube for the video of a protester in a wheelchair getting dragged out if it by cops and hit with a baton (the guy has cerebral palsy). The students standing by watching swear at them and sound upset but they don't DO anything against this shit. Us anglo-saxons just don't seem to know how to fight back compared to france, greece italy, eastern europe etc.

Thu, 12/16/2010 - 19:56 | Link to Comment Bruin4
Bruin4's picture

I disagree, mostly. I work with a few generation x kids and they are absolutely clueless and think I am too negative. I was actually lectured today that there will never be riots in the streets in this country - things will never get that bad here. Sad sad sad state of affairs - so sad that they cant even imagine protesting.

Thu, 12/16/2010 - 20:04 | Link to Comment RECISION
RECISION's picture

You are wrong. Young people will respond in the US the same way they are in Greece and in Italy. Rioting, violence, protests, destruction.

Best of luck with that...

 

 

Thu, 12/16/2010 - 20:56 | Link to Comment High Plains Drifter
High Plains Drifter's picture

http://www.guardian.co.uk/world/2010/dec/15/italy-rome-riots-police

Speaking of riots, they are using agent provocateurs in Europe. I figured this was entirely possible. They do the same thing here.

Thu, 12/16/2010 - 17:38 | Link to Comment Common_Cents22
Common_Cents22's picture

The fallout from being brainwashed into the "Me" generation.

Thu, 12/16/2010 - 17:41 | Link to Comment Common_Cents22
Common_Cents22's picture

The fallout from being brainwashed into the "Me" generation.

Thu, 12/16/2010 - 19:13 | Link to Comment Jasper M
Jasper M's picture

Brainwashed . . . by repetition?

Thu, 12/16/2010 - 17:46 | Link to Comment centerline
centerline's picture

I see it happening every day to my kids.  It is an uphill battle to fight back against it, keep critical thinking alive in my home, teach it to my children and keep them from being assimilated into the system as you describe.  Between the schools, TV, mass media, Joneses, etc. - it is one hell of a lobotimizing machine.

Obviously, the system did not get you.  Still room for hope!

Thu, 12/16/2010 - 18:10 | Link to Comment rsfish
rsfish's picture

eyeroll

Thu, 12/16/2010 - 18:12 | Link to Comment Jaw Knee Cash
Jaw Knee Cash's picture

Your words belie your alleged domestication. Although there is a high percentage of folks that are domesticated in your age group, I believe there is a much higher percentage of sheeple in the older age groups. I work with them and heckle them on a daily basis.

Thu, 12/16/2010 - 19:17 | Link to Comment MachoMan
MachoMan's picture

Keep up the good work, maybe you can pee in their clam chowder one day. 

Thu, 12/16/2010 - 19:37 | Link to Comment Jaw Knee Cash
Jaw Knee Cash's picture

That's my definition of heckle. That and shitting on desks on lazy Sunday afternoons.

Thu, 12/16/2010 - 18:35 | Link to Comment iDealMeat
iDealMeat's picture

Where ever you see a circuit breaker, just turn it off.

Kill the power and free the spirit.

 

 

Thu, 12/16/2010 - 19:00 | Link to Comment MachoMan
MachoMan's picture

How will I connect to zerohedge?

Thu, 12/16/2010 - 20:24 | Link to Comment iDealMeat
iDealMeat's picture

Your earlier posts prove ZH already in your head.. Cut it in 1/2 too..

Disconnect.. cut back..  its liberating..

Thu, 12/16/2010 - 17:27 | Link to Comment outamyeffinway
outamyeffinway's picture

I guess we need to get Simon and Krieger together and see how it shakes out. I like both their ideas but I think Simon wins on the "starve the beast" piece. I just don't have that much faith in Americans. There are too many stampeding the stoors and chomping on the doughnuts. Our culture itself is fundamentally flawed. Perhaps America will mature after this Great Awakenging. As for me, I'm planning for launch.

Thu, 12/16/2010 - 17:28 | Link to Comment Shameful
Shameful's picture

Of course we will be pillaged.  Though I don't expect the system to last to right before I retire.  I would be flat on my ass flabbergasted if they could kick the can another 10 years.  And the education system is already fairly open slavery.  The cost is doubling every couple years and the only way to pay is to tap student loans.  So unless the system does come down a lot of America's youth gets enslaved by the loans.  The new indentured servitude

Thu, 12/16/2010 - 17:30 | Link to Comment Racer
Racer's picture

I watched a TV programme tonight where the BoE wanted people to spend to support the economy.

And what happens when those very people get into problems, who will support them? The government?  No, the full force of the law will be crushed against their stupid skulls for believing in the lies of the banksters and their mouthpieces

Thu, 12/16/2010 - 17:36 | Link to Comment SheepDog-One
SheepDog-One's picture

Well theyre doing the same to us, on 9-11 remember Bush came out and said 'SAVE AMERICA! GO FORTH AND SHOP'! Now theyre trying to get people to go buy a damn house to save the country! 'Get out there and use your credit cards' theyre yelling. I say stop all consumption of frivolous bullshit, just buy what you need till these idiot parasites are starved to death!
People just might find that you dont need a lot of 'things' to have a better life, and cutting back and staying home and all that is actually better than the 24/7 total entertainment and mass consumption lifestyle.

Thu, 12/16/2010 - 17:46 | Link to Comment Xedus129
Xedus129's picture

Most of the people my age(21) are definitely cutting back.  But we increased our alcohol consumption greatly, most people my age have a drinking problem and I don't blame them.  Turn on the TV: wars, economy gone to shit, etc.  Jobs also, people with COLLEGE degrees from accredited universities working at Moe's and Best Buy is just a shame.

Thu, 12/16/2010 - 20:44 | Link to Comment Rainman
Rainman's picture

...yeah, you're 21 and getting drunk and laid all the time and you want sympathy from me ??

Thu, 12/16/2010 - 17:30 | Link to Comment pitz
pitz's picture

Sick and tired of unions perpetuating 'seniority' systems that ensure that some of the brightest grads that have ever come out of the nation's universities, get the lowest paid jobs.  Sick and tired of a public service that is stuck in 19th century work attitudes, complete with massive paycheques that are completely unearned.  Disgusted by current hiring practices that judge people not on their ability to do the job, but rather, their ability to 'tow the line' (ie: "behavioural" interviewing). 

I don't know why young people should even lift a finger for these old farts that have involuntarily indebted them without giving them any benefit whatsoever.  We desperately need hyperinflation so that the elites get burned off and interest-rate sensitive asset values reset such that they are affordable to working people. 

Fri, 12/17/2010 - 22:22 | Link to Comment StychoKiller
StychoKiller's picture

Welcome to "Idiocracy!"

Thu, 12/16/2010 - 17:32 | Link to Comment I think I need ...
I think I need to buy a gun's picture

The generation that caused the mess will pay for the mess. This isn't going to be on young people much longer. A gold revaluation would blow up the senior class and the debt would be bye bye.....

Thu, 12/16/2010 - 17:32 | Link to Comment Tic tock
Tic tock's picture

There's a television franschise in this, probably several. Maybe even a church, like a Jedi Temple. We could have like Vestal virgins (Co-eds') and all the frustrated couls bathe in healing forces of our young, 17 -24, beauties, donations, like textbooks and soap welcome. Hell, with pockets all over the world, we'de be like the Hospitaler Knights amongst a new medieval europe.  

Thu, 12/16/2010 - 17:47 | Link to Comment Xedus129
Xedus129's picture

Wtf, lol.

Thu, 12/16/2010 - 18:17 | Link to Comment Rotwang
Rotwang's picture

a gold coin for 17-24 beauties?

Thu, 12/16/2010 - 17:34 | Link to Comment minus dog
minus dog's picture

Don't worry, the non-clueless among the younger generations already have no intention of playing along with all this bullshit.

But this advice -

" Seek opportunities in thriving, frontier markets overseas… places like Kurdistan, Mongolia, Botswana, Kazakhstan. Soak up the local intelligence and become the grease guy on the ground who can make things happen."

- is just plain silly.  That's just what the world needs, 20 million fucking American hipsters going to bumblefuck Asia/Africa and trying to use their... some sort of skills.... to so... er...whatever the fuck it is that hipsters can do.

And no one can "afford to work for nothing", not if you want to eat, stay mobile, and actually enjoy a typical western lifespan and level of medical care (yes, I pay for all my medical services in cash)

You can remove yourself from the system, but going to fucking Mongolia is not really a sane option.  Moving to Utah or Montana and learning how to weld or rebuild engines, on the other hand, is a hell of a lot more practical.  We're going to see a lot more people from my generation having a sort of parallel existence on the fringes.  A lot of us are already there - little or no income tax liability, frequently working for barter or under the table, not a lot of goods or services purchased outright, 401(k) or other such nonsense, no insurance.

I am not a welfare leech, and I've never collected any sort of check from the .gov, but I'm certainly not pulling any weight in the system.  Cliched as it may be - fuck the system.  What have the previous generations done for me, other than leave me with a mountain of debt, crumbling infrastructure, a government spiraling into an out of control police state, and the expectation that we'll STFU and put our noses to the grindstone to keep things together long enough for them to enjoy their retirement benefits?

 

 

 

 

 

Thu, 12/16/2010 - 17:44 | Link to Comment Cdad
Cdad's picture

minus dog,

This is good news if it is as you say.  I like to think that the youth of this country to do that, disconnect and survive...thrive.  I believe that the best way to deal with the current mess, in all its many many forms, is to simply starve all of it of any income whatever.  It may take awhile to complete the task, but it is better than taking up arms and getting all shot at by guys in black helicopters.  Simply close the wallet until the various zombie entities in America are dead.

I am experimenting with this kind of life, myself.  I will know more about it come the Spring...when I hope to be able to flip The Bernank a trav7777 from the comfort of my self sustaining life.

A hat tip to you, sir.

Cdad

 

Thu, 12/16/2010 - 18:50 | Link to Comment iDealMeat
iDealMeat's picture

+1  Build yourself an organic compound (wood) gassification engine. And make your own alcohol.

Post and update us with the things you do..

 

Thu, 12/16/2010 - 20:09 | Link to Comment Rusty Shorts
Rusty Shorts's picture

 - skin a buck, and run a trot line.

Thu, 12/16/2010 - 17:53 | Link to Comment Ragnarok
Ragnarok's picture

is just plain silly.  That's just what the world needs, 20 million fucking American hipsters going to bumblefuck Asia/Africa and trying to use their... some sort of skills.... to so... er...whatever the fuck it is that hipsters can do.

 

I understand what you are trying to say, but one must understand what he's really saying and been saying.  As a young person you could plant your residency/citizenship flag in a tax friendly nation.  Then get a job with a Canadian mining company with joint operations all over Siberia and Mongolia making mad rotational paychecks plus no taxes to pay.  On your many weeks off you can tour around the world planting other banking and dual citizenship flags until you can live off your investments and retire to a semi-sustainable community lifestyle in some small gov't country.

Thu, 12/16/2010 - 18:26 | Link to Comment Phaethon
Phaethon's picture

I totally agree with your main point.  But doesn't the thought of hipsters dressed like scrawny lumberjacks who wear hornrim glasses standing around some hut in Somali chewing "locally-sourced" khat not make you chuckled even a little?

Thu, 12/16/2010 - 20:09 | Link to Comment dwdollar
dwdollar's picture

Amen brother!  That's exactly what I think!

Thu, 12/16/2010 - 17:40 | Link to Comment velobabe
velobabe's picture

excuse me, but do you really think these under 30's are agile or flexible enough to bend over and grab their ankles?

me thinks not. this age group and younger are just plain old pudgy and out of shape, and probably can't bend over and touch their knees, let alone the ankles or toes. can't get the arms around the fat pear shape tummy. the youth of america has just gotten as fat as Mom and Pop amerikan's. they just eat shit cause they are so inactive doing FB, texting, phone sex, etc. it is more like the food content is just plain shit, but everyone gobbles it up like fat farts. stuff the turkey, dear, just stuff it full†

Thu, 12/16/2010 - 17:42 | Link to Comment Boilermaker
Boilermaker's picture

Shut the fuck up.  What a fucking idiotic comment.  As if the youth are responsible for this shit mess.  This 'obesity' bullshit is so overblown it's gone full retard.

 

Thu, 12/16/2010 - 18:09 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Don't worry about him, Cath.  His idea of a nice date is soft music, soft lights, and softsoap on his hand.

Thu, 12/16/2010 - 18:15 | Link to Comment velobabe
velobabe's picture

and yours, cheesy?

Thu, 12/16/2010 - 20:36 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

My dear, you have left me speechless.  Smiling, but speechless.

Thu, 12/16/2010 - 17:52 | Link to Comment Shameful
Shameful's picture

Don't you think that's an unfair characterization?  I see plenty of middle aged and old obese people as well.  Americans in general are fat as hell.  Look at the diet and lifestyle.  Hell corn is in everything and corn is not good.  I make a damn good living and I have to spend a lot more then most to buy quality food and then cook for myself.  The cheap food is junk, but it's cheap and tastes good so people eat it.

Thu, 12/16/2010 - 18:19 | Link to Comment velobabe
velobabe's picture

the youth of america has just gotten as fat as Mom and Pop amerikan's.

i stated this as well.

sorry Shameful that bomb of a broad, you met in Latvia didn't work out†

you will find another, if this is your lifestyle choice of living : Ø )

Thu, 12/16/2010 - 18:37 | Link to Comment Shameful
Shameful's picture

Opps my reading comprehension clearly sucks today, but the alarm guys have been in here all day so I've been distracted...

Could be in better shape myself.  The shameful name actually came from a conversation I had with my best friend at the gym.  That my bench press was shameful for a guy of my size.  Going from active in sports in HS to being a nerd in college will do that, so been the long road back to where I was at.  But at least almost back now.

Thanks, I'm young yet so not even really looking to settle down at the moment.  Would like to have a few more assets.    And besides I can always go back and make a bigger fool of myself :)

Thu, 12/16/2010 - 18:56 | Link to Comment dearth vader
dearth vader's picture

If the good Lawd had meant me touching me toes, He sure would've made them grow from me knees...

Thu, 12/16/2010 - 20:21 | Link to Comment SheepDog-One
SheepDog-One's picture

Dont worry Velobabe, pudgy and out of shape will not be a problem much long at all in this country.

Thu, 12/16/2010 - 17:40 | Link to Comment Boilermaker
Boilermaker's picture

I was with the article until you mention running off to Borat-land, Mongolia, and other festering shit holes.

The youth shouldn't run off.  They should stay and fucking fight for their rights.  I'm talking full-on pitchforks and torches.  Crash the gates, mass protest, STOP PAYING YOUR STUDENT LOANS IN MASS and anything else you can do to rock the system.

I'm 38 and this relatively old man will be right there with you.  Let's burn this mother fucker to the ground and start over.

It actually has no other final chapter.  I just don't know how many chapter are between here and there.

 

 

Thu, 12/16/2010 - 18:04 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Amen brother!!!

Thu, 12/16/2010 - 18:57 | Link to Comment iDealMeat
iDealMeat's picture

Just make it personal..  Everyone that is between 25 and 55 should file for bankruptcy and "reset" yourself.. That would "reset" the system pretty good.

Thu, 12/16/2010 - 20:22 | Link to Comment SheepDog-One
SheepDog-One's picture

Thats right Boilermaker, enough with this 'run away' solution so many have today. I dont think spinelessness should be a national motto.

Thu, 12/16/2010 - 17:43 | Link to Comment pazmaker
pazmaker's picture

Some of this I can agree on but sorry not buying all of it.   First off who says you have to go into debt for a college education?

1. Start off at your local community college for two years, staying with mom and dad if that is an option and then transfer to a 4 yr state   The tuition at community colleges is dirt cheap.

2. Work is not a dirty word... work a part time job to help pay for your schooling  so you have to flip burgers at Burger King a couple of years.

"2) Once you graduate, you’ll be the last in the hiring queue;"  -- Why??  where are your statistics to back this up.   The company I work for and many other companies I know in the industry will hire college grads first not last because you get them for cheaper and we like youth.

 

"Go explore the world and get an education based on experience, not expensive academic theory. Seek opportunities in thriving, frontier markets overseas… places like Kurdistan, Mongolia, Botswana, Kazakhstan. Soak up the local intelligence and become the grease guy on the ground who can make things happen."

I notice you never fail to plug the "Move out of the USA and move overseas stuff"  in all your postings.. what are you selling?

 

 

 

Thu, 12/16/2010 - 17:43 | Link to Comment Boilermaker
Boilermaker's picture

That's wonderful.  Guess what?  You have to go into debt to go to college.

Thu, 12/16/2010 - 18:34 | Link to Comment Big Corked Boots
Big Corked Boots's picture

Or, you could work hard in high school, and get a scholarship to a less prestigious college that teaches useful things, while working a part time job. BTDT.

Of course you would also have to shut the TV off.

Thu, 12/16/2010 - 17:45 | Link to Comment pazmaker
pazmaker's picture

Funny  my son didn't and he just graduated?

 

Somebody forgot to tell him that.

 

And Daddy didn't pay for it other then to house him.

Thu, 12/16/2010 - 17:54 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

paz, you are right. It is possible to graduate with no or low debt load with a college degree. The way to do it is go to a public university with average credentials and work throughout. I have 3 degrees and no debt at age 32. (No, my parents did not pay for all of the degrees)

It is tough to do though. 

Thu, 12/16/2010 - 17:55 | Link to Comment Shameful
Shameful's picture

That gets harder and harder every year.  I worked like a dog to get through undergrad debt free, and paid for everything myself.  Well that was 3 years about and tuition at my alma matter has doubled since then.  So I would have to have worked a lot more hours at my POS job to put together the money or lived even more like a monk.  So yeah it's doable, but for how much longer?

Thu, 12/16/2010 - 18:11 | Link to Comment centerline
centerline's picture

From what I can tell, it passed that point some time ago.  Fewer and fewer can pull it off clean - and the costs keep climbing.  There is no denying that education is a massive bubble yet to pop.  If our youth are our future - why are we attempting to price them out of the education that is simply vital to that very mission?  It is simply shameful (ooh, it worked out that I got to use your name in that... got lucky on this one... normally I have no writing skills).

Thu, 12/16/2010 - 18:22 | Link to Comment Shameful
Shameful's picture

It creates moral hazard too.  I have school debt now, took it on for grad school.  I even have the assets to pay it now, but I won't.  I expect a bailout or dollar devaluation  in the next fe years so why would I pay now?  I'll just be one of the hoard of the youth with student loans.  Can see that one party or another might want to appeal to that group and do loan forgiveness or some such to bribe them.

Its disgusting how fast tuition prices moved.  I got to see it from the inside being the treasury of the student council at one of the biggest universities in the country.  Got told to my face by the university president that it was not about needing more money but keeping up with the Joneses and their tuition/fee increases.  The youth are the future, but they know there is no future so they are willing to pillage us to get stuff now.  Sadly people don't tend to notice.  Talked to an ex-gf who is still at that university yesterday and she hardly noticed that tuition doubled since I left.  Frog in the pot.

Thu, 12/16/2010 - 19:15 | Link to Comment MachoMan
MachoMan's picture

I got a BS, MBA, and JD for ~$40k total (probably less)...  didn't have to go into debt...  but, I did marry into some student loan debt.  Also have the money to pay it out and have set up a sinking fund to cover it by this time next year (hint, most of your credit unions and banks have christmas club accounts that pay high interest rates...  great for sinking funds).  The debt totalled about half of our combined gross salaries and it will be fully paid in approximately 3 years from start to finish.  Dollar devaluation doesn't keep ben nor me up at night...  it's the other way I'm worried about.  Loaded for bear you might say.  (hint, it's easier to fight bi-flation when the bi part is taken out).

College has become a wading pool for people who have never had to face the real world.  Because of massive degree printing, the collegiate treadmill offers a welcomed respite from actually having to face the pains of things like...  real responsibility.  In the meantime, you get to rack up some pretty solid debt, but in return, you get to live comfortably and do whatever the fuck you want.  In the end, this is really how I picture socialists...  kids who never really got out of college and never had to face the real world.  Well, guess what...  you are engaged in a speculative endeavor, just like homeownership and you're caught with your pants down... 

I encourage everyone I talk to, even the poor kids calling from alumni groups trying to wrangle money out of me (snowball's chance in hell) to get a vocational degree and make a killing.  No one knows how to do anything anymore...  we just push paper and wash each others' clothes.  Yeah, maybe if you can run the collegiate gauntlet there is some reward in there...  but everyone does it to afford themselves an extended stay in childhood, not as an intelligent investment decision.  As a result, the education system ends up being nothing more than a barrier to entry for the upper crust...  a chute to a glass box.

She didn't notice because she didn't care...  we're just a bunch of damn sleepwalkers.

Thu, 12/16/2010 - 19:49 | Link to Comment Shameful
Shameful's picture

Impressive on doing that with a JD.  That's the anchor around my neck now, almost done.  I'm glad I had a fallback skill.  I'm making a lot more now not using any of my formal education then most of my fellow grads will make.  I wouldn't even have went to law school if they hadn't kicked up a big scholarship.  But then I know people who are 200k in and no way to get out.

Eh I'm not worried about the biflation in regards to my debt.  My job is friggin iron clad so long as society stays above Mad Max.  I'm the only software developer for a really big organization, and I'm also the go to guy for any questions or talking to department heads about processes.  At current read I have least 4+ years of work in front of me, assuming I don't pulled off into other projects.  I figure there is a lot of guys who would get the ax in front of me.  So I'll keep making this amount of money and I can pay the loans on this no problem, but I'll just invest that money instead and see where the wind blows.

You are totally right about school.  Know a lot of people who treat it as an escape and that they feel entitled to it.  Hell I know guys who go out and blow piles of money at bars all on student loans.  It'll end badly for a lot of them because the real secret is most college degrees are worthless.  Though having said that my employer offers to pay for eduction if it's IT related so there is a chance I might get them to pay to send me back to school for computer engineering.  There is actually a shortage of engineers out here, go figure guys who can actually make something.

I know she really didn't care and that bothers me.  Treat expenses like they don't matter so long as the debt and pain can get pushed back for another day.

Thu, 12/16/2010 - 18:22 | Link to Comment velobabe
velobabe's picture

my daughter got a full athletic scholarship. she isn't fat, i saw to that. but she believes in this system and Facebook and zucker......man is the whole SHIT†

she believes she can always get a job because she is a good girl.

Thu, 12/16/2010 - 19:32 | Link to Comment MachoMan
MachoMan's picture

she CAN always get a job if she's good

Fri, 12/17/2010 - 22:28 | Link to Comment StychoKiller
StychoKiller's picture

I notice you never fail to plug the "Move out of the USA and move overseas stuff"  in all your postings.. what are you selling?

Go long Travel Agencies!

Thu, 12/16/2010 - 17:46 | Link to Comment Bob Sacamano
Bob Sacamano's picture

So the young Brits should be revolting for increased subsidies of university education because they want the government to have more debt to service when they are adults??  

Seems they should be pushing for more cuts in total government spending so they are saddled with less debt when they are adults.

Fri, 12/17/2010 - 22:30 | Link to Comment StychoKiller
StychoKiller's picture

That requires more than thinking two moves ahead!

Thu, 12/16/2010 - 17:48 | Link to Comment spank-of-america
spank-of-america's picture

"Younger folks have comparatively lower incomes, benefits, job opportunities"

 

So True! I can't count how many times I've seen this in job postings lately.

 

Requirements: Bachelor's Degree and at least 3 years of relevant experience.

Compensation: $36,000 a year.

 

Thu, 12/16/2010 - 17:50 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I am 32 and my career pretty much is a wreck. The cronies have sodomized me to this point. I tend to agree not following the got to college get a degree route is the best option. As for heading to countries like Mongolia for life's lessons? Those places will never be anything but holes until they clean up their act.

The only way for the mess to end and young people to have any future is it will have to collapse. Once the SHTF event happens, cease power from the corrupt old farts and create the new society in our image, not their's.

Thu, 12/16/2010 - 18:39 | Link to Comment dearth vader
dearth vader's picture

They have an edge these Mongolians, though. There's nothing much to collapse over there.

Thu, 12/16/2010 - 19:32 | Link to Comment MachoMan
MachoMan's picture

tents

Thu, 12/16/2010 - 19:26 | Link to Comment Rainman
Rainman's picture

In the meantime, become fluent in Spanish.

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