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Druckenmiller: "I See A Storm Coming"
Hedge fund icon Stanley Druckenmiller sat down with Bloomberg TV's Stephanie Ruhle, saying that he’s decided to speak out now because he sees "a storm coming, maybe bigger than the storm we had in 2008, 2010." His fear is that the ballooning costs of Social Security, Medicare and Medicaid (which with unfunded liabilities are as high as $211 trillion) will bankrupt the nation's youth an pose a much greater danger than the debt currently being debated in Congress. He said, "While everybody is focusing on the here and now, there's a much, much bigger storm that's about to hit... I am not against seniors. What I am against is current seniors stealing from future seniors." While not exactly Maxine Waters' sequestration-based 170 million job loss, this concerning interview is must-see for his clarity and forthrightness from who is to blame, to the consequences of gridlock, our society's short-term thinking, and the concerning demographics the US faces.
Druckenmiller on why he's speaking out now:
"I see a storm coming, maybe bigger than the storm we had in 2008, 2010. And really, the reason could happen without people looking as for a lot of similar reasons that we could get into. But the basic the basic story is, the demographic bubble I was looking at way back in '94 that started in 2011, we are right at the first ramp-up of this thing that is about to hit."
On U.S. demographics:
"Something remarkable has occurred since 1994 until now, which is entitlement spending, or let me say transfer payments to be a little more correct. Transfer payments which were 28% and 60, and were 50% when we were in the budget mess in '94. Lo and behold, they've gone up to 67% of government outlays. But they haven't gone up because of demographics. They've gone up because the seniors have a very, very powerful lobby. They keep getting more and more transfer payments from the youth. But the demographic storm is just starting now. It reminds me of '05 when people just extrapolated housing prices going up for 50 years…Everyone sorta lives with their rulers in the past and doesn't look at coming changes. So what's going to happen is we now have a working population, this is the way entitlements work, where the current workforce is paying for the benefits of the seniors. And since 2000, we've had about 4.5 to 4.8 workers for every retiree. By 2050, that number will drop to 2.4 workers per retiree. Another catchy way to say it is by 2030, the average population of the United States is gonna be older than the average Floridian right now."
On who is going to stop seniors from stealing from the next generation:
"You asked me why I'm here. And I think people like me and others need to speak out. It's about the future, not about the present where the problem is. And let me just say one thing. I am not against seniors, okay. I love seniors. Unfortunately I'm going to be one in the not-too-distant futures. What I am against is current seniors to me stealing from future seniors."
On who should be blamed for hurting the economy:
"It's hard to tell who's going to be blamed-- if we don't act and this occurs…There's plenty of blame to go around. If I had to analyze how do we get into the financial crisis, I would say it started way back in the '90s when then-Chairman Greenspan refused to address the dot-com bubble, came up with some new theory of productivity and therefore we're not going to have a problem, so all these NASDAQ companies who were never going to earn money went to hundreds-of-times earnings and then of course, we had a major bust. And instead of taking a recession and having the cleanup…they needed an offset. So they created the housing bubble. So now by hindsight, everybody says, 'Well, you had these horrible Wall Street actors,' and I'm sure there were quite a few horrible Wall Street actors. And I don't doubt that they were part of the problem. In fact, I know they were part of the problem. But I also know it was negative real interest rates for 12 outta 20 years that enabled these actors to do the things they were doing and incented, yes, incented them to go out and gamble the way they were gambling."
On gridlock in Washington:
"I'm pretty frustrated. This sequester thing-- if you just look at how it came about, first of all, every five minutes all the suffering and all this horrible stuff is going to happen in various sectors if this goes through. But there's three things that are not on the table in the sequester. I know you're gonna be shocked by this. Medicare, social security and Medicaid, okay."
On why Medicare, Medicaid and Social Security are not on the table:
"I'm sure it's because of short-term politics. The problem with politicians is, they really only do have a four-year life cycle. The rest of us should have the responsibility to look a little further than that ahead. But yeah, I don't know whether 'mad' is the word. I'm extremely frustrated by their refusal to deal with this problem. And the sequester thing, I think the president made a deal. It was a deal so they would extend the debt ceiling, which they did, all right. I am very much for tax reform. But I don't think it should be part of this particular thing and we should be parading out the crowd we'd been parading about to say how horrible this is going to affect the economy. Let me tell ya, I don't know what the economy's going to do. But it's just a little ridiculous to say a $600 billion tax increase over ten years and $150 billion increase in the payroll tax is going to have no affect on the economy. But an $85 billion cut in discretionary spending is going to tank the economy? If the economy were to soften, I can tell you it won't be because it will not be because of this $85 billion."
On why he doesn't become a policymaker:
"Because my wife loves New York and I love my wife."
On equities vs. bonds:
One of the things that is kinda one of my pet peeves is hearing all these people on TV say, 'Well, you gotta go into equities 'cause they're so cheap relative to bonds and there's no other game in town.' They are cheap relative to bonds. But everything is cheap relative to bonds…So just because equities are cheap relative to bonds doesn't mean their price isn't subsidized. I'm not making a forecast here because the subsidization could go on for a long time. But real estate, gold, equities, they're all priced off of ZIRP, zero interest rates, and they're all subsidized."
On whether the hedge fund industry could be in hot water 12-24 months from now and become even further consolidated:
"Oh, I don't know. I think the hedge fund's short-term thinking is just a manifestation of our entire society. Whether it's the fed or whether it's-- the administration or whether it's Congress, no one bothers to think about the long term anymore. And the hedge funds are just one more manifestation of that."
On where investors should put their money right now:
"That's hard for me to answer. Because I have the luxury of a lot of experience in sitting in front of a screen. And I can go into currency markets where it's at a relative price. So it's the one area where prices aren't subsidized. And I'm arrogant enough to think I can time these things. But I don't really know how to answer that question for public invest-- but let me just say that this idea that you've got go plowing into risk because rates are zero, that they will rue the day one day. The music will stop. And I would probably be invested right now thinking I'm smart enough to know that we're quite away from the music stopping. I don't think Bernanke is about to end these policies for a while. But let's just know what we're dealing with here."
On whether there needs to be more consolidation in the banking industry:
"I'd like to see them be more like utilities. I could care less whether they make money, unless I happen to own equities in it. But if we're talking about as a United States citizen--I have no problem with banks being utilities and going back to what banks used to do…"
On whether banks should just be making loans:
"Yeah."
On whether the most sophisticated bankers should work at hedge funds, not on sell-side trading desks:
"You said it, Stephanie, not me."
On what his future looks like:
"I'm probably going to disappear again at some point. But in the meantime, I'm gonna do what I can to try and bring the awareness of this issue out because with respected economists, again, focusing on a little problem over here when you've got this big problem over here, I think the message needs to be out there."
On whether he'll start tweeting:
"No tweeting for me."
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<<<<<I'm trying to build bridges here!
Can you tell the difference between building & burning?
Well looks like Obomination and his communist mofos have what they wanted, all the sheeple fighting amongst themselves, taking the focus off the Criminals that have set us all up to fail.
Divide and conquer! As long as the people are dumb enough to blame each other, The banksters can sit back and watch the show and laugh at us all.
Lest we forget WHO the planners are: (and this HAs ALL been PLANNED)
“who controls the food supply controls the people;
Who controls the energy can control whole continents;
Who controls the money can control the world.”
Henry Kissinger, 1973 (as quoted by trivemovment.com)
“Today, America would be outraged if U.N. troops entered LA to restore order. Tomorrow they will be greatful.
This is especially true if they were told there is an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown.
When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the world government.”
Henry Kissinger, 1991(as transcribed by a swiss delegate at a Bilderberg meeting.)
In this New World Order the children of Israel will furnish all the leaders without encountering opposition. The Governments of the different peoples forming the world republic will fall without difficulty into the hands of the Jews. It will then be possible for the Jewish rulers to abolish private property and everywhere to make use of the resources of the state. Thus will the promise of the Talmud be fulfilled, in which is said that when the Messianic time is come, the Jews will have all the property of the whole world in their hands."
— Baruch Levy, Letter to Karl Marx, 'La Revue de Paris', p.574, June 1, 1928
Fuck you. I'm a boomer and I'm still paying into a system which I expect to recieve little or nothing. If I were not here and people like me you would still be using a fucking telegraph key to communicate with instead of the internet.
wake the fuck up all of you. There are too many people that can be beheaded before we get to each other. Which seems to be what this guy Drunkenmiller wants to see.
Besides if the young crowd went Galt, or just keep graduating with no jobs and 200k in debt they will absolutely take their boomer parents with them down the toilet.
And who's fault is it that there are no decent jobs and a 4-year degree must be vendor-financed with massive debt? Who was at the helm of the government and participating in the economy in the period leading up to the present day?
Inconvenient facts don't go away just to satisfy the logic of your causal myopia. What is a drug pusher without a drug user?
Ha... thanks, Al Gore. You might have a marginal point somewhere in that mess of self importance, but for the most part, Fuck Off.
Is that you, Al Gore? Did you invent the internet? Does that entitle you to live for 30 years on other peoples money? Who's running the country... Harry Reid, Nancy Pelosi, et al. And who are they? BOOMERS. Good job for you if you "worked" and "paid" into the system. How much did you put in, and how much are you getting out? For everyone of your Boomer parents that retired, there were 7 of you paying for them to live easy, and die at 65. Now, for every one of you, there is only 4 of me, and you live to 90. Far from balanced. Far from responsible. You are the generation that ran it into the ground, regardless of whether you "worked" and paid in, or not. You are also the generation that is currently in charge and doing your damndest to spend it all before the credit cards are gone. I see absolutely no responsibility from the boomers.
MC...
You are the very reason many boomers opted for birth control.
Prescient observation. Birth control allows people to negate and thus escape the consequences of their sexual actions - and the responsibility thereof. Boomers are not big on responsibility or acceptance of consequences, and they do love their birth control, it all makes sense now. Thank you for this insight!
>>>>>> Harry Reid, Nancy Pelosi, et al. And who are they? BOOMERS.
By your logic it appears that both men & women are responsible.
Bravo Joego1.
i guess the boomers should line up in front of: blacks, latinos,women, disabled, veterans, homeowners,student loans in default, as the latest group in the barrel to be beaten up
formal establishment approved long term exemption list:
SO GENIUS.........HOW MUCH IN GOVERNMENT SUBSIDIES, TAX EXPENDITURES, WELFARE, ORGANIZED THEFT FROM THE .......BOOMERS & government ..... DOES THIS REPRESENT???
and how does that compare to SS & Medicare net of compounded interest contributions by employer and employee?
I see you have fallen into thinking exactly the way TPTB want you to think....Divide and conquer through age , race , class, and religion..It helps preserve the status quo.
I see you have fallen into the very thinking that fucking got us here in the first place. Refusal to point fingers, call a spade a spade, and name names. You can't have it both ways, either the elite are powerful lords of darkness who infinitely manipulate us for their evil master plans or they are average humans with lots of money and time who rely on the stupidity, security-instinct, and herd-instinct of the rest of the human race to secure their dominance. Either way, it is only through consent and assent that they gain and maintain power. Without it they are powerless sociopaths of the type we routinely commit to sanataria and who have no power over us because we quite rightly refuse to give it to them. Whose consent and assent? Whose indeed...
Jesus, no wonder you've got acid reflux.
How much do you owe for the indoctrination you've displayed?
That's as good as red/blue. Your anger would be better directed at the banksters & captured politicians. Guess you bought BloomTurds mag cover too.
Boomers responsible for small pox too?
Yuk Foo too.
Madcows comments are a classic case of blaming the wrong group of people (boomers) . The politicians who switched SS into the general fund and the people who voted for those assholes over and over again are to blame. Granted, some of those voters were boomers but not all of them. The raw, unadulteraded, psychopathic, self-serving evil that exists in the hearts of most politicians is the fundamental problem. I don't ever expect to get all of the money I paid into SS/Medicare back. I would be happy if the government just gave me all that money back with interest tied to the bogus CPI in a lump sum but, of course, that won't happen.
"boomers"
"the people who voted for those assholes over and over again"
I think you need a history lesson.
"The raw, unadulteraded, psychopathic, self-serving evil that exists in the hearts of most politicians is the fundamental problem"
Wrong. Evil does not exist as such. They are serving their own best interests in the exact same way you and I do every day. They just have a superior strategy. Without OUR consent and assent they have NO power. Evil does not give them power, we do. If you honestly believed they were pure evil, you would have to walk away from their game, the state itself, or you would be complicit in their evil. You cannot get rid of them so long as you continue to empower them.
Fuck you madcows and fuck you Druckenmiller. Reagan doubled SSI payroll taxes 1983 to pay for the boomer retirement contingency. There is currently a surplus of 2.6 trillion in the SSI trust fund. And don't give me that bullshit that these Treasuries are worthless IOU's. China, Japan, and Wall Street do not seem to think this is the case, just check the current bid - offer price. For those ZH's who think that US Treasuries are worthless, then I am willing to buy these government securities from anyone for 30 cents on the dollar. Bring it on.
It was the Greatest Generation that were the biggest freeloaders on SSI and Medicare. Few made contributions that were even close to the benefits they have received. There are many boomers that have paid far more (myself included) into SSI than they will ever recover. Now if you want to talk Medicare, then we may have some grounds for agreement. Medicare has been grossly underfunded and most retiree benefits far exceed their contribution. I am not a big fan of many of the provisions of Obamacare, but at least it opened the discussion of how is US is going to begin solving out of control medical costs? People need to keep their perspective and view the Affordable Care Act should as the first step in the process of solving the huge US medical liability.
Another thing - I hate whiners. Many boomers have been subsidizing the next generation. We have paid inflated health and auto insurance premiums to subsidize those individuals who somehow believe they are invincible and not subject to health issues. Boomers have and countinue to pay property taxes far in excess of the cost to educate their children. And believe it or not many boomers provide and pay for the care of their aging parents.
@dirtbagger
Fuck you scumbag & your "perspective" on the Affordable Care Act. You must be completely addled if you think this does ANYTHING to solve the issue.
29ers, the real future thanks to shithead moral relativists like dirtbagger.
Those of us who were drafted tend to think we have fulfilled our obligations to the generations before and after us. We don't have much value for assholes who stand outside and throw rocks at the windows.
"Those of us who were drafted tend to think we have fulfilled our obligations to the generations before and after us."
Oh no need to elaborate, we know all about the selfless service YOU WERE FORCED to render to the government, lest you be THROWN IN JAIL. So very selfless.
>>>>>>>YOU WERE FORCED to render to the government, lest you be THROWN IN JAIL.
Evil doesn't exist huh?
We boomers and our parents and gr-parents were all lied to by those we trusted. JUST AS WE ALL are being lied to today. There was NO internet, only the lying TV and newspapers; This has been planned A LONG TIME! So go read "ANIMAL FARM" you younguns and get a clue about how you have ALSO been decieved beginning with the gobmint schools and start to do your own thinking;
AS I SAID, THIS HAS ALL BEEN PLANNED FOR YOUR ENJOYMENT! WAKE UP!!
“who controls the food supply controls the people;
Who controls the energy can control whole continents;
Who controls the money can control the world.”
Henry Kissinger, 1973 (as quoted by trivemovment.com)
“We are out to destroy the family. The best way to do that is by attacking it’s weakest member, the unborn child.” Simone Weil, former Frenc health minister and Auschwitz survivor. (as quoted in Synagogue Rising by Hugh Akins)
In this New World Order the children of Israel will furnish all the leaders without encountering opposition. The Governments of the different peoples forming the world republic will fall without difficulty into the hands of the Jews. It will then be possible for the Jewish rulers to abolish private property and everywhere to make use of the resources of the state. Thus will the promise of the Talmud be fulfilled, in which is said that when the Messianic time is come, the Jews will have all the property of the whole world in their hands."
— Baruch Levy, Letter to Karl Marx, 'La Revue de Paris', p.574, June 1, 1928
Under GW Bush that was certainly true. Passed the single most expensive bill in the past 60 years besides Medicare (MMA Act of 2003) to give seniors drugs and more benefits through subsidized managed care programs with zero revenues to pay for it, passed 2 massive tax cuts that were unfunded, and waged 2 wars each of which lasted nearly a decade and for the first-time in American history were not paid for by raising taxes at the federal level.
***FU you lazy, selfish, irresponsible CRIMINALS***
HA HA HA. You should just STFU you sniveling, whining little shit. Get back to work and keep paying your payroll taxes like a good boy. As for me, I'm going to play another round of golf with my senior buddies and then sit in the sun with a few beers. Eat your heart out douchbag!
Serf's Up!
The reality of the math hurts. Krugman, Bernanke and Washington are in fantasyland.
..and everyone else is living this nightmare
come on old people die anyway!
we r fucking green now, i want to kill someone
its like they totally ignore all the bad news, but a decent ism report, and bang 116 pts wiped away.
fuck u bernanke, wall st, obama, fed, u guys all deserve to be put in prison and eaten alive u fucking criminals.
can u at least not make it so fucking obvious u fucking douchebags
Because of headlines..Wall Street pares losses after strong U.S. data
...
Because The Jedi Financial Planners say...
Theres no inflation, We are out of the woods, and you didnt see anything
My time ... it is coming!
This """market""" is so rigged that it rankles me to have to point that out to some people. Also the word """market""" requires three quote marks vs. the usual one because more are needed.
Instead of throwing money at their buddies who control the horizontal and the vertical of the stock """market""" perhaps the Fed should just give the money out to everyone on a per capita basis instead of the revolving door / school chum basis.
Re Duckmiller (Hedge fund ICON) sees a storm comin'
Hey DuckMiller - the horse bolted the barn about 5 years ago.
Maybe you were too busy being a "Hedge Fund ICON" to notice - you freekin' dope!
We are on the path to Serfdom. Ok well the sheeple are on the path to serfdom. I just have to figure out how many i'll buy when the dust settles :-)
The next crunch is 4-5 years away.
Plenty of time to keep the plates spinning before then, plenty of time for Bernanke to keep putting dynamite on the dam.
3-1/2 years. Last few months of Obama's 2nd term. That's when collapses and government bailouts usually happen.
Then hand it all over to President Bloomberg.
All the executive orders will be about soda.
"While everybody is focusing on the here and now, there's a much, much bigger storm that's about to hit... I am not against seniors. What I am against is bankers and politicians stealing from current and future seniors."
Fixed it
"While everybody is focusing on the here and now, there's a much, much bigger storm that's about to hit... I am not against seniors. What I am against is bankers and politicians stealing from current and future seniors. The seniors who vote, as a block, and always have, for those very same politicians."
Fixed it.
Unfunded liabilities? Seniors have had Social Security payments TAKEN out of their checks their checks their entire working lives. The payments have been matched by their employers. If the Government had not stolen the money, this program and others like medicare would be well funded. Are our representatives that are so deeply concerned about us on Social Security or Medicare themselves; and if not why not? If they were I bet the dialog from these rascals would change immediately. And BTW they don't represent anybody I know!
sorry you make a deal with the devil prepare to be burned. the liabilities are unfunded, you will take more than you put in.
Sadly, the largest voting block in the country, the boomers, voted for decades for the very politicians that "stole" their SS. So, Boomer douche bags, look in the mirror, you voted your whole life for deficit spending and the plundering of your SS. You have fucked yourself, ha ha.
Ur making the assumption that there was a difference on who you voted for. The banksters & the captured political system fucked us.
It's not going to be anything like the reaming ur gonna get. Bigger, faster, harder, with some added grit & no lube.
Keep playing into the divisive shit. Many of us "Boomers" learned basic living skills from our parents who lived thru the depression. At least I know how to grow my own food. Just wait for the supply chain disruptions. They're a comin.
God help the myopic morons like you, especially should you need the lifetime of living skills aquired by the "Boomers". I'll thro you a potato peel.
Hang together or seperately. Ur choice Einstein.
oh how you wrong you are. we have a chance to live in the reset. boomers are the ones with wealth and entitlements and no ability to make up the gap that will be forced on you. you can't force people to work for you especially when you have no moral authority. people will and are opting out living off the doll just like you. then guess what the social secuirty check will still come in but it will only buy you a free slice of bread at great harvest.
especially should you need the lifetime of living skills aquired by the "Boomers".
that is funny stuff. you mean how to milk other people for their life? that life skill? most in our generation will pass . we see what the results of your lifetime living skills are. war, death, theft, destruction, fraud, blame, fear, terror and on and on
<<<<<<people will and are opting out living off the doll just like you.
Living off the doll-------Don't get me confused with ur date tonite. Worked for 41 yrs. & saved as tho I'd never receive SS.
<<<<<we see what the results of your lifetime living skills are. war, death, theft, destruction, fraud, blame, fear, terror and on and on
Really. You know me? I believe ur describing ur elected leaders. Crybaby.
"The banksters & the captured political system fucked us."
Yep, keep playing the hapless pathetic victim. It's the American way. Do you or don't you live in a democracy? Do you or don't you vote, ever?
"especially should you need the lifetime of living skills aquired by the "Boomers""
You mean maxing out credit cards, buying McMansions, taking fabulous vacations, earning six figures shuffling paper, and going on an unholy tirade of anger and angst when anyone dares to question your societal legacy? What EVER would we do without those precious skills???
>>>>>Do you or don't you live in a democracy?
No. It was created a "Constitutional Republic".
>>>>>Do you or don't you vote, ever?
Not that it's any of ur business, but yes. Municiple elections.
>>>>>>>>You mean maxing out credit cards, buying McMansions, taking fabulous vacations, earning six figures shuffling paper, and going on an unholy tirade of anger and angst when anyone dares to question your societal legacy?
Just like the crybaby above more overgeneralizations. Have a modest house on 2 acres, debt free since 92 & taken only 2 vacations in that time.
Unholy tirade of anger & angst-------Look in the mirror.
Silly Willy, I'm well prepared but many are not. I'm in my mid thirties and been in the military since I was 22. I worry about my boomer parents, they are 66 and over weight. Most boomers dont know shit about basic living skills. Most are diabetic, fat, on blood pressure and cholesterol meds. Good luck to you and yours. When the SHTF, I'll be the guy not enforcing martial law.
RE: diabetic, fat & on meds. I see that across all generations.
At least you can see what's going on & are prepared.
I've often wondered just who in the military would be the first ones to fire on their fellow countrymen.
Thank God for critical thinkers as yourself, and thanks for the well wishes. All the best to you & yours.
Unfunded liabilities? Seniors have had Social Security payments TAKEN out of their checks their checks their entire working lives. The payments have been matched by their employers. If the Government had not stolen the money, this program and others like medicare would be well funded.
B_I_N_G_O
Because they KNOW whichever side CUTS it off, is DOA at the polls.That's why, it's called F_E_A_R_
The supreme court made it pretty clear in 1936 that social security was a tax, not a savings account. You are obligated to pay it, and should assume that none of that tax will be returned to you at a future date.
Wrong. "In August 1938, three years after the bill was signed, the Social Security Board summed up its achievements to that point. Its conclusion: At the third-year milepost, the road back shows well over 30,000,000 men and women now building up insurance against want in their old age; 25,500,000 workers who have earned some credit toward insurance during temporary unemployment; about 2,350,000 of the needy receiving assistance in their own homes; and health and welfare services reaching out into all parts of the country. .... in Social Security's first three years: more than 39 million workers had signed up for social security retirement accounts; more than 25.5 million workers had been covered by unemployment compensation; nearly 1.7 million old people were already receiving monthly cash allowances; $47.6 million had been paid by the federal government to support dependent children; and more than 39,000 needy blind persons were receiving monthly cash allowances." http://www.wisconsinhistory.org/turningpoints/search.asp?id=1000
Notice the language used by the Social Security Administration itself..."over 30,000,000 men and women building up insurance against want in old age"..."more than 39 million workers had signed up for social security retirement accounts." This program was set up as a "pay as you go plan", but sold as an old age savings program. It probably would have continued to work indefinitely had the demographics of the country not changed so quickly. How you and others can blame the Boomers for a program set up long before we were born is beyond me. Now we're really screwed because the millenial generation is a bunch of whiney nihilists who are too self-absorbed to have babies.
I've had it with your self-victimizing bullshit. You're telling me to trust the self-serving lying devils at the SSA over the self-serving lying devils at the Supreme Court ... who happen decide the ultimate legal questions of the country and thus have final say in the question of Social Security? Yeah, no, not going for it.
"It probably would have continued to work indefinitely had the demographics of the country not changed so quickly."
Something that NO ONE could have foreseen, planned for, relaized, or addressed in any fashion over the last 70 years? No.
"How you and others can blame the Boomers for a program set up long before we were born is beyond me"
Let me spell it out for you. You are between 40 and 60, which means you have had between 22 and 42 years of political adulthood. In that time, you have not managed to significantly slow the progress or alter the trajectory of the system set up by your parents, at all. On the contrary, you have massively benefitted from, encouraged, apologized for, sermonized, and systematically exploited this system to the extreme detriment of your heirs. And it is now too late. The window has closed. You had your chance, and you blew it.
"Now we're really screwed because the millenial generation is a bunch of whiney nihilists who are too self-absorbed to have babies."
Here's one for you: Matthew 7:16 (KJB): "Ye shall know them by their fruits. Do men gather grapes of thorns, or figs of thistles?"
For god's sake you are their grandparents and parents. Take some fucking responsibility for your fruits.
Or don't, and prove to the rest of us that you really are incompetent morons, if not downright malicious knaves. Nope, the world is not buying your mass-line that, nothing, and I mean nothing, is your fault, that you are merely the sinless, guiltless, and blameless dupes of a brilliant, diabolical, all-powerful elite which you were utterly powerless to combat. Go peddle that pathetic victimhood crap somewhere else, after living high on the horse and fat on the hog for your entire lives, we aren't buying it.
Junk away, Boomers, it won't stop your benefit checks getting leaner, your living costs exploding, your income and investments imploding, and your kids and grandkids not wanting fuck-all to do with you. You were dealt a bad had by your truly historically incompetent parents, but somehow, you managed to make it worse.
>>>>>You're telling me to trust the self-serving lying devils at the SSA over the self-serving lying devils at the Supreme Court ... who happen decide the ultimate legal questions of the country and thus have final say in the question of Social Security?
Yes, We voted in the Supremes too. Get over ur victimizing bullshit, crybaby.
>>>>>Take some fucking responsibility for your fruits.
And you grab ur nuts.
soooo....he warns of a problem in 30 years.........but we should all keep investing like its 1999..................whats the problem again????????
you are making stuff up. not at all what he said. actually read it and maybe you can learn something.
" I'm not making a forecast here because the subsidization could go on for a long time. But real estate, gold, equities, they're all priced off of ZIRP, zero interest rates, and they're all subsidized.""
@rip----lets review...
now:
And I would probably be invested right now thinking I'm smart enough to know that we're quite away from the music stopping. I don't think Bernanke is about to end these policies for a while. But let's just know what we're dealing with here."
let's review "I would probably" does not mean "you should" it doesn't even mean he will.
oh lordie...is that the best youve got????....really??????
no, better he should give us all a directive...this way it could be deemed actual investment advice and then we can sue him when things go sour...................druck made it VERY CLEAR that we should NOT be fighting the fed if we want to make money.....and yet be very concerned about what will happen in 2050....give me a FUCKING BREAK RIP.......
I didn't get the decoder ring, sorry. What he made clear is this is a very difficult environment where even a season very successful person is very unclear on the best course of action. It was an excellent piece and spot on in all regards. Your protestations are as inaccurate as your deflation calls.
"and I would probably be invested right now thinking I'm smart enough to know that we're quite away from the music stopping. I don't think Bernanke is about to end these policies for a while"
His words.
yeah....kick his ass fonz......people read selectively these days....thats the internet age for you...
btw fonz, druckenmiller is sticking gold right in there with equities and every other investment...which means when this whole thing pops and asset deflation covers the earth with its blood.....its the physical cash money under your mattress that will allow you to buy your next meal.........................
yeah I saw that too. I don't know him very well. I am curious as to why he feels he needs to start a revolution of young vs old here right about the time when everything is cratering. I don't need him to point my enemy out to me and tell me to charge.
As for gold I think this guy see an interest rate spike as having the same effect on gold as Volker had. I don't buy it. The interest rate spike will spark a bond crisis that will turn into a currency crisis, or vice versa. But when it happens people will run to cash and gold and anything else tangible.
My wife is doing work on our bathroom. I caught the plumbers trying to walk out with some copper pipes. I told them thanks but I will be keeping them. They got real cranky. I have had a few people pull up in their cars when we were doing the demo and asked if they could help us by taking any material away. People are scrambling for anything of value. I lump cash in there with everythiong else.
Pretty smart thinking Fonz. It sort of makes twitch to see people thinking in binary terms. Or in terms of past normalcy. We are heading into some really unchartered waters here. Sovereign crisis on a global scale.
The old Mexican ladies that pilfer the recycling bags the night before pickup carry cellphones in my neighborhood.
There is an entire subculture of subsistent scrap collectors in the Newtown Creek industrial zone between Queens and Brooklyn. They venture out into the residential zones in summer with vans, pickups, handtrucks, and supermarket carts in search of old radiators, siding, pipes, brass, tin, copper, steel, cast iron, anything. They will walk up your driveway and solicit, and haul it all away for nothing. They are highly networked and organized and you can see even the poorest of them in summer crossing the sun-baked automobile bridges with carts teetering full of heavy slag.
Hell, 20 years ago I used to look out my window at the huge construction site next door and watch a couple of Vietnamese kids about 5 & 7 years old scrounging in the 30 yard dumpsters for the 5 cent cans the workers (about 50-75) would buy from the catering truck. Their mother would leave them and work the other side of the building.
Concerned for the kids safety, I brought a trash barrel over and asked the caterer to tell the guys to put the cans in the barrel so the kids wouldnt get cut on metal studs and whatall in the big dumpsters. I thought these poor kids needed all the help they could get.
One day the kids were late on the pickings but evidently mom couldn't find her usual parking space and dropped them off in a fairly new Caddy instead of walking.
Sometimes things aren't at all what they seem.
pretty crazy but yes they are scrambling for anything of value....that is because people just arent making enough these days to get by.....a depression brings a shortage of much needed cash................................
Ya all might want to read this brief article... on gold
http://www.drschoon.com/members/commentary/GoldmanTargets1200Gold.pdf
Excellent, if goldman is forcasting a good fall for gold, then it's time for it to go the other way! Personally, while the game carries on, I think the floor is 1400 min.
"People are scrambling for anything of value."
My wife and a few neighbors had a big junk (yard) sale last September. I would bet at least 10 people showed up asking if there was any jewelry, watches or "old" coins for sale (HA!). When we told them no, they turned around and took off for the next sale.
And the sad part is, there are many who don't realize those items are worth FAR more than any junk sale would ever bring!
Viene la tormenta!
people make stuff up these day.
"I would probably" means "you should"? moron
I'll be dead in 30 years so I guess it's time to party
Boomers: You shoulda had more children if you wanted Medicare and Social Security for 20 years after you retire. Instead you had fewer children than your parents and partied with the rest of the money (and invested too, to be fair). And now you come hat in hand and tell me and my children that we need to live badly in order to pay for your golden years. Ya can't have everything.
Boomers: You shoulda had more children if you wanted Medicare and Social Security for 20 years after you retire.
No, we should not ALLOWED 50+MILLION New taxpayers to be murdered by abortions since Row /Wade!!.
There's you shortfall.
Wow, that's gotta be the worst "pro-life" argument I've ever heard... stop killing babies because they are future tax payers...
And, while I don't have statistics to back up this premise, but I'd be willing to wager it is the poorer of the population that have the majority of abortions, preventing further entitlement expenses.
The real shortfall is globalization and sending the lower ranks of society's jobs off to other continents so that corporations can make more tax free profits while not replacing the opportunities for the displaced workforce.
Americans will just have to adjust to being a 3rd world banana republic, or get motivated again to establish change in the economic/political policies of their country. Unfortunately, I think the inflationary thief in the night will work faster than the latter option.
conservatives and their zygote personhood obsession, explained. . .
pre-cradle to grave, owned, when simple social security birth certs just aren't enough.
Method of conception? Prolly believes the womans body can identify rape sperm & spontaneously miscarry.
What a knuckle dragger.
if one is able to abstract their personal beliefs, that "government" continues to push this new perspective is not at all surprising.
laws evolve over time, anyone who pays attention knows that the "law books" are full of trespasses to snag. . . this zygote personhood, in the guise of "for teh baybeez" is merely another layer of control. how will it be enForced? gradually, over time, providing more jawbs for the righteously .gov employed - monitor fertility? no problem! check for paternity so as to extract more fiats, with corporate prison for the fiat-challenged? no problem! award the birth with a SS# so as to monitor cradle to grave?
simple as.
"or get motivated again to establish change in the economic/political policies of their country."
Sorry but economies don't run on motivation. They run on energy. Finite fossil fuel energy, in our case. So you can forget the whole growth meme on which your society is premised.
What's your fucking question? I'm tired of hearing all this fucking bullshit thrown against "senior", "boomers", the aged. To all concerned, read my lips, the generation that you speak so highly of DID NOT HAVE A CHOICE IN CONTRIBUTING TO THIS CLUSTERFUCK! NO ONE had/has a choice in pouring their hard earned money into this black hole called Social Security. Quit fucking whining and instead steer your angst against the damn GOVERNMENT for stealing what could've kept this system going. These bastards have silently stole, wasted, spent, lost through incompetency, used to further their fucking political careers, been bought off by the Banking cartel and Big Corp., and have been as worthless as tits on a boar hog for the most part of the last century. THESE are the assholes that should bear the brunt of your anger. Can the "Seniors" be blamed for NOT running the Goddamn government EFFICIENTLY, BALANCING A FUCKING BUDGET, CURTAILING WASTEFUL SPENDING, PACKING THE GOVERNMENT PAYROLLS WITH AN INCOMPETENT, SLOTHLIKE WORKFORCE, STARTING WASTEFUL WARS ALL OVER THE GLOBE, NOT COLLECTING THE TAXES OWED IT FROM OFFSHORING, ETC., ETC. Bullshit I say! You're barking up the wrong tree Rover when you fucking whine about Social Security and it's recipients. Get a fucking job and start paying some taxes like the ret of us! AND, to summarize, you've got a dumbass in the White House & Morons in the Legislature, immigrants pouring across our borders in the process of getting ALL your benefits "owed" YOU. for free, Wars all over the Globe so the Big Military contractors/complex/thieves can keep stealing our wealth, States on the verge of bankruptsy, a pathetic population that is in the third or fourth generation of Welfare from the TAXPAYER, TRILLION DOLLAR DEBTS, and you're worrying about Grandma getting too much fake paper to survive. Jeeeez, NO WONDER THE GOVERNMENT HAS SUCH AN EASY TIME WITH YOU FUCKING SHEEPLE.
"what could've kept this system going"
Thank you for inadvertantly admitting your true goal. You want it all to continue - but only so long as you remain comfortable.
No wonder the government has such an easy time with greedy, high time-preference, self-obsessed petit-bourgeoisie such as yourself. You, like your parents, couldn't sell out the country you inherited to the bankers and politicians fast enough, let alone stop or even slow them down. Where's the benefit for YOU in doing that, they'd take all your benefits away! Let's just keep voting for them, do as they say, blame our kids and the people we continuously enrich and empower via voting, political involvement, and taxation.
And yet YOU'RE the victims? No way, man.
>>>>>>let alone stop or even slow them down.
Well, why don't you lead & show us how it's done? Give it ur best shot superman.
>>>>>And yet YOU'RE the victims? No way, man.
Just who's playing the victim card here? Wah wah wah, I'll be right back. Got to call you a Wahmbulance.
"Let's just keep voting for them".........I believe he's saying WE ARE ALL VICTIMS asshole! Please show us a "choice" of which asshole, bum, conman, ie., politician was running for office that would've been a REAL CHOICE to change the system? Get your head out of your ass and see what's been going on and quit "blaming and pointing fingers" at people who didn't have a choice! You're part of the problem.
>>>>>>Boomers: You shoulda had more children if you wanted Medicare and Social Security for 20 years after you retire.
And do tell where they might find employment in these times?
with the government.
it takes on many forms. . .
Invested in "fall in a hole and get rich" stock markets, juiced by those generous bankers (whom they gladly enriched) and politicians (whom they gladly voted for, at every opporunity) and their manipulated extremely low oil prices, ever since the Oil Crisis when real price discovery of crude oil was forbidden and prevented from occurring because that would shut the whole debt orgy down faster than you can say "no new taxes" - and avoided the whole clusterfuck of the past 30 going on 40 years of naked petrodollar ponzinomics for the express benefit of ... THE BOOMERS.
What's that, boomers? Your share of the cheap-oil cheap-debt ponzi pie wasn't nearly as big as the bankers'? Cry me a fucking river. You live by the fraud, you die by the fraud.
200 trillion? Based on CBO estimates I take it? Does anyone really beleive any long term estimates a government agency issues? Please provide an example. These multi-decade estimates are the latest tool used to confuse the populace. Shoot, why not do century estimates? You might hit a quad using that timeline. If 100s of tril doesn't scare the crap out of them, then maybe a quad will.
The thing is... I don't think they stole from future generations... the whole thing will collapse. We aren't going to be "working through" this debt and these entitlements... it's not possible. The theft will come over the course of the next couple of years... if it lasts that long. Then it will be every man for himself. I like everything he wrote other than that. Just my two cents
I don't see us making it through the summer....
perfect storm brewing
Neither do I Bingfa.
And just think of the billions of printed £'s wasted to keep the likes of blankfiend, dimon, fred the shred in the life style they think they deserve.
I dont pity them when this game ends, they are dead men walking.
Second amendment issues (people vastly underestimate this)
Huge increases in health insurance premiums (obamacare)
Taxes
Gasoline prices
Food prices
Let me up I've had enough
I'm building my own new life.
well... I've been saying the same thing for the past 4 or 5 years. I'm learning not to underestimate how retarded our hive mind is.
Same here. I thought we would have rolled over last summer and we all know how that turned out. Somehow, someway they figure a way to keep the balls in the air.
The last few months have been too quiet. Just have that gut feeling that we are in store for some sort of shock and awe later this year. Summer/fall range. Then some more lunacy - can kicking - etc. The thing that bothers me the most right now is all the clamoring about sequestration and any other budget cuts having a really negative effect on national security. I really don't want to read between the lines on that one - but...
Go rent/buy a copy of "alone in the wilderness" (I think it's on Youtube also)
If you think you could live like Dick Proenneke, then maybe you got a chance.
I'm not kidding, I'm serious
Get your head wrapped around it right now.
This country is done
+1. It's a ponzi that is already collapsing.
It's a ponzi, but it's on some sort of magical spin cycle... moving sideways. Maybe it's just semantics... and all of the signs of collapse are there... and I suppose you could argue that this spin cycle is just a stage of the collapse... but collapse the way I see collapse hasn't really started. Kind of like porn... you know when you see it. JMO.
Without a doubt, the goal is the stretch out the unwind as long as possible. If the wheels come off along the way, that has been think-tanked as well.
What ought to really spook everyone is that the steps to deal with the "wheels coming off" scenerio are being taken very quickly and mostly in plain sight. That says alot about the probability and potential timing. If it were just an outside, remote chance, I don't think the effort would be so aggressive.
Hopefully you're still around this thread, but what do you consider to be the "steps" being taken to deal with the wheels coming off? Just curious. NDAA, going after guns, ammuntion buys... what are all of things that you see?
I thought that this was an article on HAARP and S.A.G,and chemtrails.
Thats what pictures do I guess.
A word on the article though.
As soon as the first bankers bank noted is created there is a storm on the horrizon.
What he is saying is internalizing profit while externalizing costs. Guess there is nothing new under the sun.
"I'm not making a forecast here because the subsidization could go on for a long time. But real estate, gold, equities, they're all priced off of ZIRP, zero interest rates, and they're all subsidized."
Watch Oil!
I said it before, but the last thing I want to hear is a Wall Streeter who has made gazillions off of this financial system in the past suddenly "getting religion"and preaching to the choir.
The fact is Druckface -fuckface, your kind as well as the politicians/bankers have presided over the greatest wealth extraction in the history of mankind. You have done no productive useful value added work. You have taken, thru your investment "genius" as a hedge fund manager, what other working people who are busy doing useful productive value added work have contributed because they are busy working, and not sitting around idle with all their food, energy, travel needs, medical care and other luxuries provided by the working class as you and your kind figure out how to steal money from the savers and meanwhile paying less income tax on their riches than the working class.
Well said!!
All true, but at least he is pining the blame on the Fed. He should also mention the capture of govt by the banksters which allowed regulated markets to be de-regulated.
Also, as others have noted he does not talk about military spending....just social.
GO ROGUE
by "not talking about military spending" and simply putting the focus on "social" he's playing the divide 'n' rule card, which means he's working a vein on behalf of the thieving class, of which he is a member. *cough*
even blaming "the Fed" is a pretty easy stance at this point - it's like blaming the weather, something over which you have no control. . .
oh. wait. . .
@CA
I think you got that military spending thing all wrong.
Our great country would be at risk if more tanks weren't built & parked in the desert to rust. I mean, they hate us for our freedoms. We're spreading democracy. If I had all that democracy in my garden, I'd have potatos big as footballs.
O/T The us T-10 is down 2.5bps and the $ is strong. Yet the usd/jpy blasts off on the ISM data (spx retrace). That trade is fully (SPX) correlated like eur/usd was recently. It isn't following bond yields or DXY data at all.
Another mouth frothing with spittle eager to get his hands on privatising SS,Medicare.......The story here is how this shortfall is put upon the "%98" and diverted from the extreme historic pillaging done by the %1 ! Wake up people to the classical divide and conquer tactics used by the Vampire squids roaming freely.
Oh,and Tyler dopplerganger the Credit Swiss add running on your page is telling.
Hey Drukenmiller...the storm is here.
Maxine Waters " we will lose 170 million jobs " gets her info from same source as Hank Johnson , Ga congressman , who was concerned Guam was going to CAPSIZE !! . Where in the fuck do these people come from ?
If she wasn't so revered it would be funny.
I wonder if she still thinks Franklin Raines is a great man?
She BELIEVES it really is 170 million jobs. And three years from now, after the morons who have elected her, re elect her, she will talk about the creation of 150 million jobs...(yup lost 20 there)...
How she remebers to wipe is very difficult for me to understand. Mosquitoes are smarter. And she represents all of us. f ing joke.
best thing about Waters is she's 75 years old, should die fairly soon
BS! These political ho's will live to be a hundred, on our dime!
She's sure to be replaced by another lunatic, though.
: "The seniors of today are stealing from the seniors of the future".
This guy is an idiot. We are supposed to believe that some old man in a rest home who is drooling and pooping his diaper is the reason the country is bankrupt. He never mentioned the money being wasted on the military industrial complex and the illegal wars, nor the money Wall Street has ripped off from the American taxpayers. He is the last person that should be talking to the young people in our Universities.
Well, there are the likes of Poppy Bush and David Rockefeller, drooling and pooping in their diapers.
You could eliminate ALL DOD spending, and the country would still be running a deficit. It isn't just about the military. Congress spends more money than it takes in. It's really that simple. They could have the military we currently have if they didn't spend so much on SS and medicare and medicaid. OR, they could have the world's best retirement or healthcare or education systems AND have a balanced budget... IF they didn't spend so much on the other stuff. AGAIN, it's not about DOD spending. It's about balancing budgets. Quit bitching only about wars. We could blow up the entire middle east AND have a balanced budget if they wanted to. But that would require making difficult decisions. And they won't risk their livelihood and power over a balanced budget.
Al Roker didn't mention anything about a storm. Besides, I just washed my fawking car
Pulling up the draw bridge is all this is, or packing the escape vessel, pick your analogy.
So lets consider what is facing younger generations:
I could go on, but I'd rather not
Funny, after Maxine Waters told us we will lose over 100% of our jobs from sequester, I watched "The Road" last night and saw the future of America
after Maxine Waters told us we will lose over 100% of our jobs from sequester
The dumb black Kunt, said 170 Million, trouble is there are only 140 working!
Mention Sequester to Maxine and she's thinking this:
http://dreamshadow59.files.wordpress.com/2013/02/sylvester-tweety-bird.jpg
Pig man speaks:
Peeps take Druckerman seriously because he made som ... excuse me, stole some money once upon a time. Pigman sez we have to throw something important into the fire in order to keep subsidizing the incredible auto industry, the axle around which modernity itself revolves.
The nations' youths are bankrupted already: all the nations, all the youths. There are the 'higher' education rackets, climate change, the 'Enemy Creation Policy' of the US military-industrial complex, pollution, resource stripping, theft-based 'finance', auto-centric waste-based economy that collateralizes destruction of capital then whines about a capital shortage!
The tycoons are 100% resposible for the foregoing. May the youths hunt down the tycoons like dogs on their private Caribbean islands and cut their throats!
It's always comes down to choices: to drive a car or ...???
Drive a car or have a job. Drive a car or get a good education, drive a car or have a future. Drive a car or have a comfortable retirement, drive a car or be able to see a doctor.
The choices become more difficult because we keep making the same choice over and over, to drive the goddamned car ... to hell with everything else: to drive a car or live in a house. Drive a car or not get killed in a big war, drive a car have something to eat.
It gets tougher from there, the world is being steadily consumed by its automobiles and fuel waste, its lies to itself including those coming from the hole in Druckenmiller's ass.
"The tycoons are 100% resposible for the foregoing."
Nope. Control doesn't work that way. It is always given. The only people who don't cede control are the dead. No one is free to begin with, this is the fallacy of the bourgeois liberals.
... and what planet did you say you were from, again?
Don't worry, be happy. For every problem, there is a solution.
http://www.amazon.com/Nostrum-ebook/dp/B00B4YTODU/ref=sr_1_1?s=digital-t...
The book hinted: simply ask baby boomers to die for their country??????? or wait for youth revolution, aka, french style?????????
One way or the other, the issue will be resolved. So, sit back, don't worry, be happy.
What do you think these lower birth-rates are for? Be optimistic indeed. Low birth rates solve the problem of the current mismatch between affordable energy and population, albeit perhaps too slowly... and with a serious risk of "undershoot" depending on where the "new normal" EROEI hits parity with population - farmers need lots of kids, hunter-gatherers not so much.
Isn't it just soooo nice how stocks reversed course JUST as the S&P closed in on 1500. I mean, I'm not saying it was orchestrated of course, just that some great divine power is looking after us....that's all.
God, I love free markets.
Greenspan's Housing Bubble, low interest rates, Bernanke's QE Infinity, it's all about baby boomers wealth preservation. The wealth gap today between younger and older Americans now stands as the widest on record.
It has nothing whatsoever to do with "protecting boomers". It has everything to do with stripping the wealth of this country and giving it to the 1% cronies. Mr. Bernanke couldn't give a rats ass about protecting anyones wealth except his and his compatriots.
Jewish history has been tragic to the Jews and no less tragic to the neighboring nations who have suffered them. Our major vice of old as of today is parasitism. We are a people of vultures living on the labor and good fortune of the rest of the world." Samuel Roth, Jews Must Live, page 18.
"In everything, we are destroyers--even in the instruments of destruction to which we turn for relief...We Jews, we, the destroyers, will remain the destroyers for ever. Nothing that you will do will meet our needs and demands." —Maurice Samuel, You Gentiles, pages 152, 155, and 147.
“You know very well, and the stupid Americans know equally well, that we control their government, irrespective of who sits in the White House. You see, I know it and you know it that no American president can be in a position to challenge us even if we do the unthinkable. What can they (Americans) do to us? We control congress, we control the media, we control show biz, and we control everything in America. In America you can criticize God, but you can’t criticize Israel…” Israeli spokeswoman, Tzipora Menache
“Give me the power to issue a nation’s currency and I care not who makes its laws.” ----- Amschel Mayer Rothschild
It's the gentiles fault. Ask Ruth.
http://www.youtube.com/watch?v=Je67KlCpV84
sigh.
no, you describe a pack of hyenas, taking down the herds one by one, laughing as you feast on the bodies. . .
the vultures merely remove that which is rotting, already dead and picked over by you, the vultures make sure those left living do not ingest those festering poisons you leave behind.
the vultures lie in wait for you, hyenas.
>>>>The wealth gap today between younger and older Americans now stands as the widest on record.
The wealth gap between Americans & the Klepto Bankster oligarchy now stands as the widest on record.
There, fixed it for ya.
Typical, most non-millionaire boomers take bankers as a scapegoat for their failure.
Here's an idea, you're both right. Fancy that, denial of the law of the excluded middle and false dichotomy.
News Alert: Horse meat found in Taco Bell products in UK. I guess that's better than soylent green.
http://www.bbc.co.uk/news/uk-21631961
Horse meat. I guess that's really fast food.
No, that would be cheetah meat or road runner.
guy's a douche
Zero Hedge readers may have also read some of my contributions. Those who have followed my ramblings know that for the past four years I have been ranting about Social Security.
I have made the same point that Stan D is making. The system is sucking the life blood out of younger generations. That can only end badly.
Stan will read this article/comments. My message to him:
Thanks for stepping up!
The system is sucking the life blood out of younger generations. That can only end badly.
I got sucked also, and I did not even feel it.SO let's stop pointing fingers of the hinset Boomers who actually WORKED, and paid in, and focus on all the free shit given to those who will not,and bever have done anything FOR society except SUCK the Govt's Teats at AL our expense.
Besides before this ends, EVERYONE is going to get f*($%#, and recieve nothing.
So live each day and enjoy what little time we ALL have left.
ahh the old two wrongs make a right argument. wow quite a way to live.
OK. That makes two of you.
thief without the guts to do it face to face. you much prefer the force of government to get what you want. force mongor. Let me opt out. Oh no you have to use force.