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30 Mindblowing Statistics About Americans Under The Age Of 30

Tyler Durden's picture




 

Submitted by Michael Snyder of The Economic Collapse blog,

Why are young people in America so frustrated these days?  You are about to find out.  Most young adults started out having faith in the system.  They worked hard, they got good grades, they stayed out of trouble and many of them went on to college.  But when their educations where over, they discovered that the good jobs that they had been promised were not waiting for them at the end of the rainbow.  Even in the midst of this so-called "economic recovery", the full-time employment rate for Americans under the age of 30 continues to fall.  And incomes for that age group continue to fall as well.  At the same time, young adults are dealing with record levels of student loan debt.  As a result, more young Americans than ever are putting off getting married and having families, and more of them than ever are moving back in with their parents.

It can be absolutely soul crushing when you discover that the "bright future" that the system had been promising you for so many years turns out to be a lie.  A lot of young people ultimately give up on the system and many of them end up just kind of drifting aimlessly through life.  The following is an example from a recent Wall Street Journal article...

James Roy, 26, has spent the past six years paying off $14,000 in student loans for two years of college by skating from job to job. Now working as a supervisor for a coffee shop in the Chicago suburb of St. Charles, Ill., Mr. Roy describes his outlook as "kind of grim."

 

"It seems to me that if you went to college and took on student debt, there used to be greater assurance that you could pay it off with a good job," said the Colorado native, who majored in English before dropping out. "But now, for people living in this economy and in our age group, it's a rough deal."

Young adults as a group have been experiencing a tremendous amount of economic pain in recent years.  The following are 30 statistics about Americans under the age of 30 that will blow your mind...

#1 The labor force participation rate for men in the 18 to 24 year old age bracket is at an all-time low.

#2 The ratio of what men in the 18 to 29 year old age bracket are earning compared to the general population is at an all-time low.

#3 Only about a third of all adults in their early 20s are working a full-time job.

#4 For the entire 18 to 29 year old age bracket, the full-time employment rate continues to fall.  In June 2012, 47 percent of that entire age group had a full-time job.  One year later, in June 2013, only 43.6 percent of that entire age group had a full-time job.

#5 Back in the year 2000, 80 percent of men in their late 20s had a full-time job.  Today, only 65 percent do.

#6 In 2007, the unemployment rate for the 20 to 29 year old age bracket was about 6.5 percent.  Today, the unemployment rate for that same age group is about 13 percent.

#7 American families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.

#8 During 2012, young adults under the age of 30 accounted for 23 percent of the workforce, but they accounted for a whopping 36 percent of the unemployed.

#9 During 2011, 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed.

#10 At this point about half of all recent college graduates are working jobs that do not even require a college degree.

#11 The number of Americans in the 16 to 29 year old age bracket with a job declined by 18 percent between 2000 and 2010.

#12 According to one survey, 82 percent of all Americans believe that it is harder for young adults to find jobs today than it was for their parents to find jobs.

#13 Incomes for U.S. households led by someone between the ages of 25 and 34 have fallen by about 12 percent after you adjust for inflation since the year 2000.

#14 In 1984, the median net worth of households led by someone 65 or older was 10 times larger than the median net worth of households led by someone 35 or younger.  Today, the median net worth of households led by someone 65 or older is 47 times larger than the median net worth of households led by someone 35 or younger.

#15 In 2011, SAT scores for young men were the worst that they had been in 40 years.

#16 Incredibly, approximately two-thirds of all college students graduate with student loans.

#17 According to the Federal Reserve, the total amount of student loan debt has risen by 275 percent since 2003.

#18 In America today, 40 percent of all households that are led by someone under the age of 35 are paying off student loan debt.  Back in 1989, that figure was below 20 percent.

#19 The total amount of student loan debt in the United States now exceeds the total amount of credit card debt in the United States.

#20 According to the U.S. Department of Education, 11 percent of all student loans are at least 90 days delinquent.

#21 The student loan default rate in the United States has nearly doubled since 2005.

#22 One survey found that 70% of all college graduates wish that they had spent more time preparing for the "real world" while they were still in college.

#23 In the United States today, there are more than 100,000 janitors that have college degrees.

#24 In the United States today, 317,000 waiters and waitresses have college degrees.

#25 Today, an all-time low 44.2 percent of all Americans between the ages of 25 and 34 are married.

#26 According to the Pew Research Center, 57 percent of all Americans in the 18 to 24 year old age bracket lived with their parents during 2012.

#27 One poll discovered that 29 percent of all Americans in the 25 to 34 year old age bracket are still living with their parents.

#28 Young men are nearly twice as likely to live with their parents as young women the same age are.

#29 Overall, approximately 25 million American adults are living with their parents according to Time Magazine.

#30 Young Americans are becoming increasingly frustrated that previous generations have saddled them with a nearly 17 trillion dollar national debt that they are expected to make payments on for the rest of their lives.

And this trend is not just limited to the United States.  As I have written about frequently, unemployment rates for young adults throughout Europe have been soaring to unprecedented heights.  For example, the unemployment rate for those under the age of 25 in Italy has now reached 40.1 percent.

Simon Black of the Sovereign Man blog discussed this global trend in a recent article on his website...

Youth unemployment rates in these countries are upwards of 40% to nearly 70%. The most recent figures published by the Italian government show yet another record high in youth unemployment.

 

An entire generation is now coming of age without being able to leave the nest or have any prospect of earning a decent wage in their home country.

 

This underscores an important point that I’ve been writing about for a long time: young people in particular get the sharp end of the stick.

 

They’re the last to be hired, the first to be fired, the first to be sent off to fight and die in foreign lands, and the first to have their benefits cut.

 

And if they’re ever lucky enough to find meaningful employment, they can count on working their entire lives to pay down the debts of previous generations through higher and higher taxes.

 

But when it comes time to collect… finally… those benefits won’t be there for them.

Meanwhile, the overall economy continues to get even weaker.

In the United States, Gallup's daily economic confidence index is now the lowest that it has been in more than a year.

For young people that are in high school or college right now, the future does not look bright.  In fact, this is probably as good as the U.S. economy is going to get.  It is probably only going to be downhill from here.

The system is failing, and young people are going to become even angrier and even more frustrated.

So what will that mean for our future?

 

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Fri, 10/04/2013 - 19:39 | 4024196 Royal Wulff
Royal Wulff's picture

I know! Let's saddle them with mandatory $300/month health insurance premiums.

 

Fri, 10/04/2013 - 20:10 | 4024377 knukles
knukles's picture

Now with all the bitching pissing and moaning about them vs us not existing, that its all one big happy political clusterfuck of an subversion of the constitution ....

Y'all wouldn't have had this fucking healthcare shit with which to deal if the other madmen had been elected, instead.
Wars and bankers, Fed and greed, spying and whatever else, yes.
But no healthcare shit.

'Nuff said.

Fri, 10/04/2013 - 22:34 | 4024759 Vendetta
Vendetta's picture

Turnips always have $300 lying around doing nothing every month  /snark

Fri, 10/04/2013 - 19:15 | 4024206 NoDebt
NoDebt's picture

I'm sure this won't have any long term detrimental effect on our economy.  Last one out, please turn off the lights.  Sorry kids, you're on your own.

Fri, 10/04/2013 - 19:17 | 4024209 Aquarius
Aquarius's picture

I don't understand.

Didn't we elect those people called "leadership" to govern our affairs for our benefit and that of our children?

So why are they looting the system and our productivity?

where do they think that they will run to when we wake up and bring them before our Courts?

At least these Youth will get an extremely valuable lesson in the betrayal of government and what not to allow to happen in the future; I hope.

Our generation has sold our chlidren to an elected mob of maggots, morons and maniac which we elected and whom we have permitted to Recursively Scam our socio-economic system in the hope that we may also share in the proceeds of this criminally acquired looting.

http://verbewarp.blogspot.com.au/2011/02/recursive-game-is-policy.html

Is it not clear that those elected to "govern" are now fully exposed as full time 24/7 Looters?

Fri, 10/04/2013 - 20:00 | 4024335 Cugel
Cugel's picture

No -- you elected Dr. Feelgood and his Free Lunch for All policy. People have been calling bullshit on this stuff since the '80s and the voters keep choosing another hit off the pipe.

The only good thing to come out of this is that it's not just "our children" who will suffer, but the locust boomers and the hipster gen-xers as well as their useless participation trophy millenial spawn.

Yes, it's most likely that useless shitbag Amerifats will simply whine themselves into nonexistance, but for that 1% chance they'll remember what made them great this is all worth it.

Fri, 10/04/2013 - 20:11 | 4024382 knukles
knukles's picture

Beautiful.  That is Just Beautiful.

Fri, 10/04/2013 - 21:42 | 4024637 Meat Hammer
Meat Hammer's picture

Cugel, to your point about participation trophies and feel-good nonsense:

My son and I were at the park one day when he was about 4 and he wanted to have a foot race against me.  So, I let him win a couple times, then realized what I had been doing wrong since he was a toddler....letting him win. So we lined up for another race and I said, "On your mark, get set, GO!", then proceeded to smoke his little ass to the point where I beat him by 30 feet and walked back to a crying, snot-covered little boy.  He asked why I won and I told him it was because I'm bigger, faster, and stronger than him, but if he keeps practicing he'll beat me one day.  

I looked over at a group of frappaccino-sipping soccer moms who had absolutely mortified looks on their faces and I just smiled. 

My boy is getting older and faster but hasn't even come close to beating his old man yet.  The funny thing is that these feel-good parents think that kids will be discouraged by failure, but it's actually quite the opposite.  The day that he beats me will be a triumphant day for him and his confidence will soar.  

Fri, 10/04/2013 - 21:56 | 4024675 Reckonball
Reckonball's picture

Good for you! The (everybody gets a trophy bullshit)is destroying our culture..probably too late already..

Fri, 10/04/2013 - 22:22 | 4024727 Meat Hammer
Meat Hammer's picture

When these kids grow up and realize they don't get a job just for participating in the interview, they might realize how they were set up for failure.

Fri, 10/04/2013 - 22:48 | 4024795 Cugel
Cugel's picture

Must be heartrending, Meat -- you live with your kids evry day and know what they're capable of. But shitposting on zerohedge puts them in the top percentile. What a world.

Fri, 10/04/2013 - 22:34 | 4024764 Vendetta
Vendetta's picture

of course gutting the country of manufacturing had nothing to do with it.

Fri, 10/04/2013 - 19:15 | 4024210 Pascal1967
Pascal1967's picture

Sorry ... your story fell apart a few sentences in, when your FIRST example story reads:  "...Colorado native, who majored in English before dropping out....",

A DROPOUT WHO MAJORED IN ENGLISH?  What a loser.

FIRST OF ALL, FINISH YOUR DEGREE!  THEN YOU CAN WHINE.

YOU. ARE. A. DROPOUT.  NOBODY.  HIRES.  DROPOUTS!

It really is not that complicated.  

Fri, 10/04/2013 - 19:25 | 4024236 Seize Mars
Seize Mars's picture

Pascal

You're off base here. there is nothing wrong with getting a real education, or "dropping out" as you call it.

I don't really judge people by the State's opinion.

Fri, 10/04/2013 - 19:52 | 4024303 CH1
CH1's picture

Drop out of school before your mind rots from exposure to our mundane educational system. Forget about the Senior Prom; go to the library and educate yourself if you've got any guts.

-- Frank Zappa

Sat, 10/05/2013 - 00:22 | 4024982 Professor Fate
Professor Fate's picture

Matt Damon / Good Will Hunting

 "you dropped a hundred and fifty grand on a fuckin’ education you coulda' got for a dollar fifty in late charges at the Public Library"

Sat, 10/05/2013 - 07:03 | 4025254 wisehiney
wisehiney's picture

Fuck matt damon. Great line though.

Fri, 10/04/2013 - 19:28 | 4024238 oddjob
oddjob's picture

I dropped out, no problems here. Except I did it after 6 months when I realized what a fucking waste of time it was trying to learn from people that have never worked a day in their life.

Fri, 10/04/2013 - 19:45 | 4024286 cougar_w
cougar_w's picture

I have THREE college degrees that I don't even use. Not complaining (I don't have any debt held over from my education) but I've been telling my own children to focus less on college and more on life, and steer clear of college debt like the plague it is.

Sat, 10/05/2013 - 00:51 | 4025023 Harry Dong
Harry Dong's picture

It's not how many degrees you have that counts...it's how you use them.
And I must say you use them well.

Fri, 10/04/2013 - 19:19 | 4024214 SilverIsMoney
SilverIsMoney's picture

We didnt get a say in all this debt being thrown on us so why should we have to pay it back?

Fri, 10/04/2013 - 19:22 | 4024221 A Lunatic
A Lunatic's picture

Your attitude is not very patriotic..........

Fri, 10/04/2013 - 19:22 | 4024223 ShrNfr
ShrNfr's picture

Michelle needs her shopping trips.

Fri, 10/04/2013 - 19:27 | 4024242 ultimate warrior
ultimate warrior's picture

Think of the children! 

Fri, 10/04/2013 - 19:42 | 4024277 drooley
drooley's picture

That's why I always laugh when people say TOTAL_DEBT / US_POPULATION = YOUR_SHARE.  Nope, my share is $0.

Separately, I wonder what it feels like to vote for the presidential candidate who goes on to win.  I'm 0 for 4.

Fri, 10/04/2013 - 21:32 | 4024601 Meat Hammer
Meat Hammer's picture

Nope, my share is $0

+17 trillion, drooley! I almost lose my shit when I hear people say, "My children's share of this debt is....!"

No....it is $0.  Any bill from the gubmint is going in the garbage can next to the Walmart ad.

Fri, 10/04/2013 - 19:23 | 4024222 adr
adr's picture

I got a degree in making stuff for a living. God I picked the wrong major.

I should have majored in conjuring things out of thin air.

Then I could have worked for any Wall Street firm or the government.

Fri, 10/04/2013 - 19:28 | 4024247 prains
prains's picture

surveillance and or bomb making is a growth industry...... I'm also looking for franchisee's for my new fast food venture, McShitinyourMouthDriveThru, very low overhead, not a lot of technical training required but needs to be Owner Operated.

Fri, 10/04/2013 - 20:12 | 4024385 Debt Slave
Debt Slave's picture

Yep. In our contorted reality, it is more profitable to be a parasite instead of a producer. Who could have imagined?

Fri, 10/04/2013 - 19:28 | 4024243 MichiganMilitiaMan
MichiganMilitiaMan's picture

We've past Peak Faith in the System!

Fri, 10/04/2013 - 19:28 | 4024244 icanhasbailout
icanhasbailout's picture

The War on Men is working well.

Fri, 10/04/2013 - 19:32 | 4024261 Harbanger
Harbanger's picture

Everyone missed the point.

Sat, 10/05/2013 - 00:45 | 4025013 Harry Dong
Harry Dong's picture

Sure bout that? To which point do you refer. I'm not the sharpest knife in the drawer and would like to be edified.

Sat, 10/05/2013 - 01:51 | 4025098 Harbanger
Harbanger's picture

The list, item by item young men are worse off then young women.

Fri, 10/04/2013 - 20:09 | 4024363 Debt Slave
Debt Slave's picture

Especially white men.

Fri, 10/04/2013 - 19:31 | 4024258 Aquarius
Aquarius's picture

I include an extract from an email from the UK on student debt; he equates this debt as the introduction of the youth into thier future as dictated by the Banking system: "This is where you will remain for the rest of your life, paying us what we demand from your productivity - without escape."

'abc:The student debt means what? When you graduate you will need a job to

repay the loan or go to jail: debtors prison - it is how they spawned
Australia.

def:
It is much more insidious than this

insidious (adj.) <http://etymonline.com/index.php?term=insidious&allowed_in_frame=0> Look up insidious at Dictionary.com <http://dictionary.reference.com/search?q=insidious>
   1540s, from Middle French insidieux (15c.) or directly from Latin
   insidiosus "deceitful, cunning, artful," from insidiae (plural)
   "plot, snare, ambush," from insidere "sit on, occupy," from in- "in"
   (see in-
   <http://etymonline.com/index.php?term=in-&allowed_in_frame=0> (2)) +
   sedere "to sit" (see sedentary
   <http://etymonline.com/index.php?term=sedentary&allowed_in_frame=0>). Related:
   Insidiously; insidiousness.

This ensures the person starts life with huge artificial millstone around their neck (and here I mean huge)(artificial because the "price" is not related to reality. The millstone may last all their life. The payments are taken directly from the person's wage.

Thus you have a slave from which you can perpetually drain their labour and limit their lifestyle choices. It guarantees a serf who dare not "revolt".

This happens when the margin of disposable income is swallowed up, a person dare not take a day off on strike since one day of lost pay means that you cannot meet your mortgage payment. (This was exactly what the French headmaster related to me in France some 4 years ago).

Truly truly fucking awful.

Unless you are familiar with what "50,000" means here in the North of England you will not appreciate the true extent of that which we do to our children.

I am not allowed to fulfill the process of being a Father. Truly sickening for me.

My children have been conditioned and taken away from me. They are conditioned to accept insanity because there is no other choice. (I will tell you here that I limit my words partly because admittedly I feel less comfortable with the fact that my emails can be routinely and easily read by NSA etc).

All I see is theft. ("theft" is taking without consent "n'est ce pas")."  

end quote

I would call it a Bankers Wet-Dream!

Fri, 10/04/2013 - 19:39 | 4024270 MichiganMilitiaMan
MichiganMilitiaMan's picture

The bankers will hire policitians that make sure the serfs and debt slaves do not have access to guns when they wake up.

Fri, 10/04/2013 - 19:34 | 4024262 max2205
max2205's picture

BS.  Everything is fine.....that's what the Democrats say anyway. ...

Fri, 10/04/2013 - 19:41 | 4024279 Emergency Ward
Emergency Ward's picture

.....Obamanomics.....

Fri, 10/04/2013 - 19:39 | 4024272 drooley
drooley's picture

Glad to see it's not just my 24-34 year old friends who are losers, it's the majority of people that age.

Fri, 10/04/2013 - 19:48 | 4024292 cougar_w
cougar_w's picture

Not losers. That's unfair. Anyone who arrived late to the end-of-empire party is not getting any goodies, and that's not their fault.

Fri, 10/04/2013 - 19:54 | 4024317 drooley
drooley's picture

You could be right, but I can't help but think at least quite a lot of them are losers when their first course of business upon graduating from college is getting tattoos and piercings.  Some of them don't even try.

Fri, 10/04/2013 - 20:14 | 4024390 Dixie Frank
Dixie Frank's picture

True, but all around they see idiocy getting rewarded.  Pell Grants for shit useless fields of study, EBT, SNAP, MediCaid, Section 8, disability, wall street vampires getting bail-outs.  They simply don't care and I empathize.

Fri, 10/04/2013 - 20:26 | 4024418 One of We
One of We's picture

I was playing the board game Life with my 6 year old the other day and he tells me the best way to win at this game of "Life" was to sue someone or find buried treasure.  He said mechanics, hair dressers and cops don't make much income but entertainers and professional athletes do but if you really want to make a lot of money you have to go to college and become a lawyer.   I laughed my ass off for the rest of the game and then gathered that game up and put it in the trash.

Fri, 10/04/2013 - 21:31 | 4024606 A Lunatic
A Lunatic's picture

I do hope you reported your kid to the proper authorities..........

Fri, 10/04/2013 - 21:28 | 4024593 pitz
pitz's picture

Yeah at some point, gotta question whether or not its worth sending out thousands of additional job applications, only to have them routed to the proverbial bit bucket. 

I've personally taken to faxing my resume to the companies I apply to, as it takes a lot more human effort to throw it out than it takes to just automatically discard it.  Company Fax numbers aren't all that hard to find.  SEC filings are useful.  Occasionally an angry HR rep will email or phone me, but at least I think I'm creating some employment for staff of employers who ordinarily would just toss everything into the garbage.

Fri, 10/04/2013 - 19:49 | 4024289 Kina
Kina's picture

Get a real and useful degree... BSc Bankster Head Job, Hand Job... and make real money with the CFTC.

Fri, 10/04/2013 - 19:47 | 4024293 ncdirtdigger
ncdirtdigger's picture

Green shoots baby!

Fri, 10/04/2013 - 19:49 | 4024295 bnbdnb
bnbdnb's picture

Programmers and engineers will rule the world for the next 100 years.

Sat, 10/05/2013 - 00:56 | 4024646 pitz
pitz's picture

They sure as heck don't rule the world right now.  So a new regime definitely will be helpful.  Will be nice to see Wall Street towers emptied of the 'finance' pukes and replaced with qualified engineering types. 

Sat, 10/05/2013 - 10:40 | 4025457 BlueCheeseBandit
BlueCheeseBandit's picture

More likely a STEM bust is in the works, as everybody now knows the best way to make it is to become a programmer or engineer.

Fri, 10/04/2013 - 19:51 | 4024301 One of We
One of We's picture

The youth and the 80 year old have it the best.  80 you'll be dead within 10 years.  Young you are strong and will learn to fight in the next 10 years if you don't already know how.  The middle-aged will be breaking down physically over the next 10 years and will be fucked if the youth doesn't take pity.....

Fri, 10/04/2013 - 20:05 | 4024347 JohnG
JohnG's picture

Us middle aged dead folks have guns and are pissed off.  Don't be so sure.

Fri, 10/04/2013 - 20:12 | 4024378 Bastiat
Bastiat's picture

. . . and many of us are in good shape as well.

Fri, 10/04/2013 - 20:21 | 4024406 JohnG
JohnG's picture

You're goddamn right.

Fri, 10/04/2013 - 22:21 | 4024724 Lednbrass
Lednbrass's picture

We also grew up before males in the US were utterly pussified, can't say I'm intimidated by younger guys at all. 

Sat, 10/05/2013 - 03:48 | 4025184 JohnG
JohnG's picture

 

 

You're goddamn right too.  Panty waist litttle boys.

Nice flag.

 

Fri, 10/04/2013 - 22:50 | 4024803 Alpha Monkey
Alpha Monkey's picture

I'm pretty sure if those guns were for anything more than homoerotic fantasies, they would have been put to use by now.  Since they haven't, you may return to rubbing that long hard barrel with a lubed up rag... you know, to prevent rust...

Fri, 10/04/2013 - 20:08 | 4024364 Bastiat
Bastiat's picture

"80 you'll be dead within 10 years"

With Obamacare, make it 5.

Fri, 10/04/2013 - 20:11 | 4024383 One of We
One of We's picture

More like 80 and you'll have been buried for 15 years unfortunately.  Who says social security isn't fully funded?

Fri, 10/04/2013 - 19:51 | 4024307 Abbie Normal
Abbie Normal's picture

When a child doesn't grow despite receiving proper care, the diagnosis is "Failure to Thrive"

When an entire generation doesn't grow, it's akin to genocide.

Fri, 10/04/2013 - 19:58 | 4024329 Billy Shears
Billy Shears's picture

One word of advise. Explosives.

Fri, 10/04/2013 - 22:26 | 4024738 I Write Code
I Write Code's picture

Plastics explosives?

Fri, 10/04/2013 - 20:04 | 4024344 Yen Cross
Yen Cross's picture

   I realize there's a percentage of deadbeats in every age group, but I've never seen more polarization then in the current generation. They are brilliant hard working well rounded, motivated, creative (OR) dead beat , entitled, degenerate, thugs...

   There doesn't seem to be much middle ground. Personally, I think that it has a lot to do with their families (lack of). The family structure is completely broken. The value system is completely broken.

   As a kid growing up, I was taught to respect my peers and elders. I was also taught to question the difference between right and wrong. (or my ass was getting the belt) It wasn't that my parents wanted to beat me. They wanted me not be beat by others with nefarious ideas. I was also taught that you you should surround yourself with people with strong values. Like minded, but always open to new ideas and thoughts based on a core set of basic values.

   Each individual is ultimately responsible for his/her decisions no matter what their upbringing. My Father was a cheating SOB and broke up our family. I would never consider cheating on a loved one, because of that. I realize people get caught in compromising situations, and I'm no Saint. It's times like that when you have those core(childhood) values to draw from.

Fri, 10/04/2013 - 23:26 | 4024884 wisehiney
wisehiney's picture

Good observation about middle ground. My brother and I would get away with every thing for the longest time, until those days my dad heard one of us cuss at our Mother (or something like that). Time for my Dad to catch up. A friend of mine was once in the area and heard the screams for mercy (including my mother). Damn sure did us good. My friend probably learned a lesson too after seeing the stripes on my ass.

Fri, 10/04/2013 - 23:35 | 4024905 Yen Cross
Yen Cross's picture

@ wisehiney   If that made you a better woman/mother.  God bless you.

    I had my ass handed to me a few times... And deserved it!

Fri, 10/04/2013 - 20:03 | 4024346 Wakanda
Wakanda's picture

New Moon tonight at 9 EST.  This will be the most powerful new Moon of 2013 if not the decade.

This is the night to chill down, reflect, prepare for the crazy month ahead, and envision the type of world your heart desires.  A little quiet preparation for the emotional tsunami that is about to hit can pay off big.  Prepare to be able to stay calm and centered as the sheeples around you loose it.  New leaders will emerge in the weeks ahead.

Questions to consider:  What does my heart desire?  Do I have the courage to create that?

The Second American Revolution - the dark (New Moon) calm before the storms

Fri, 10/04/2013 - 20:38 | 4024473 22winmag
22winmag's picture

That's powerful stuff.

Fri, 10/04/2013 - 21:26 | 4024588 ElvisDog
ElvisDog's picture

No shit, weird things are happening. Moms getting into gun battles, Guy immolating himself in D.C. Dogs and cats living together....

Fri, 10/04/2013 - 21:32 | 4024610 djsmps
djsmps's picture

The start of the American Autumn started today.

Fri, 10/04/2013 - 23:15 | 4024860 wisehiney
wisehiney's picture

When that comes I won't ask much, but I shall insist on America II instead of Jr.

Fri, 10/04/2013 - 20:08 | 4024360 MFLTucson
MFLTucson's picture

Same group that voted this clown into the White House.  Now live with the consequences of your actions or go ask mommy and daddy if they can help bail you out for the next 25 years.  Despite what the liberal trash in DC have been preaching to you, there are consequences in life for your actions.  Next time you listen to a liar with no experience tell you he can change the world, perhaps you will finally get it.

Fri, 10/04/2013 - 20:24 | 4024411 Surging Chaos
Surging Chaos's picture

Don't look at me, I wrote in Ron Paul during 2008 and then voted for Gary Johnson in 2012. Despite all the Obama zombies out there, there ARE real libertarians among the millennials.

Even if Obama wasn't elected (and then re-elected), we'd still have the same shit to deal with under the red team. The country was already finished by the time Obama was elected in 2008. If anything, Obama is actually doing us a favor by accelerating the final collapse. I hate Obama, but I want to see the system go down fast so we can actually have a real economy backed by real fundamentals. Young people like me have the most to lose if this illusion of an economy is dragged out as long as it possibly can.

Fri, 10/04/2013 - 20:47 | 4024496 Hubbs
Hubbs's picture

Very interesting point. I don't think the framework exists within our current system (our democracy , republic, fascist state or whatever you want to call it) to correct our course. At minimum would have to enact several amendments including specific language against formation of a debt issuing private central bank. Reign in the fractional banking system, and return to strict Glass-Stegall standards.  Those who say term limits don't understand that politicians will never let that occur. It can only occur if the government is starved of money. A politician who can not borrow to carry out his promises that get him re elected will soon be cast out. Once people see that going to Washington no longer leads to wealth, influence and perpetual power, then the problem would be solved. Corporations wouldn't bother lobbying  politicians if they knew they were likely to be voted out of office.

But I digress. The conclusion is, if the mechanism to correct our problems does not exist within our current political framework, then needing the whole system to "burn to the ground" , although quick to label one as an anarchist, makes some  sense. 

Sat, 10/05/2013 - 01:32 | 4025073 Dr. Bonzo
Dr. Bonzo's picture

Dude... you're correct on all accounts, but let me assure you... us grey beards aren't exactly applauding this slomo implosion. I think a fair number of us rather just get this shit over with already.

 

Not effin likely.

 

Fri, 10/04/2013 - 20:09 | 4024365 Dixie Frank
Dixie Frank's picture

There have been numerous stories this fall about college enrollment dropping.  Perhaps some of the kids are waking up to the lie of college = good career.   Vs. the truth of way over-priced college = jobless perpetual debt slave.  I think the millenial malaise can also be partly explained by our SNAP, EBT, MediCaid, disability society... why work?  Swipe yo EBT!! 

http://youtu.be/luo40WjBKWI

I like to think the millenials see our national debt, perpetual deficits, bank bail-outs, GM & Chrysler bail-outs, Solyndra style .gov handouts, Fed non-stop printing, Google Apple GE non-tax paying asses, unpayable SS & MediCare, and they simply don't give a shit (why work, work = tax).  But, that assumes they are paying attention to the world around them. 

I have a neice who is a college sophomore and is dumb as shit.  She is burying herself in student loan debt via a useless piss major.  And, she has no idea what is happening in politics & or how .gov has made her a debt slave.

Any further insight from you millenial whipper snappers?

 

Frank

 

Fri, 10/04/2013 - 20:17 | 4024396 gatorengineer
gatorengineer's picture

Her student loan debt will be socialized, and she will get a nice job in the regime, with benefits you could only dream of when she turns in relatives who post to ZH....

Fri, 10/04/2013 - 20:14 | 4024389 q99x2
q99x2's picture

Long live the Revolution.

Up my FASFA.

Fri, 10/04/2013 - 20:15 | 4024391 gatorengineer
gatorengineer's picture

The vast majority of the under 30 generation are members of the Free Shit army.... Forgive my college debts for getting my masters degree in Art Appreciation at an expensive liberal arts school.  Let me ride on daddy's healthcare till Im 26, because I cant get my own.  Let me protest every form of power known to man because its all bad (coal, wind, gas, solar, nuclear, etc), but I want my new I phone every year....  Science is evil, well because it is..... and Islam is a religion of Peace, NPR is impartial (heard that today from one of them at work), etc.....

Clinton started the ball rolling down hill with "It takes a village to raise an idiot", Bush happened to be that idiot, and Obama has gone petal to the metal....  

Cleanup on this one is gonna be a bitch.....

Fri, 10/04/2013 - 20:24 | 4024394 Cabreado
Cabreado's picture

One of the greatest dangers is that too much anger will be directed at "the system," which is akin to shooting in the dark, comes from too much ignorance and entitlement, and provides fuel for controlling forces that would like to see it crumble.

Said another way, We are in the process of being our own worst enemy.

Excuse the simple.

Fri, 10/04/2013 - 20:19 | 4024402 Ignatius
Ignatius's picture

From the list I see we have the most highly educated group of janitors that we Americans have ever had.

I was gonna say "points for the man who can exploit this situation", but the banksters holding their student loans beat us to it.

Fri, 10/04/2013 - 20:20 | 4024404 GrinandBearit
GrinandBearit's picture

#31. They are completely addicted to tech toys.

#32. They are anti-social and have no communication skills.

#33. Facebook and Twitter are their whole lives.

#34. Their only skill set is knowing how to operate their smart phone.

#35. They think their earlobe stretchers and visible tattoos make them presentable.

 

Fri, 10/04/2013 - 20:31 | 4024441 One of We
One of We's picture

#36.  Their parents were both so busy working to service the debt on the too big house and too shiny car that they hardly ever saw them unless they were standing in line at the airport on their way to a too far away vacation.

Sat, 10/05/2013 - 10:56 | 4025476 Never One Roach
Never One Roach's picture

...great post! I just Tweeted it to my friends... bu tonly the ones I "friended" on FB.

Fri, 10/04/2013 - 20:20 | 4024408 Debt Slave
Debt Slave's picture

Universities are hotbeds of marxist bolshevism. It's nothing new. What is new is the obscene amount they charge for a worthless degree, and the government scam they have to underwrite it.

Fri, 10/04/2013 - 20:27 | 4024410 RaceToTheBottom
RaceToTheBottom's picture

It will be interesting to see what type of politician we steer to next.    Or more accurately, what type of politician we receive next.

 

There are some opinions that propose that this was how Hitler got traction.

 

Fri, 10/04/2013 - 20:26 | 4024421 A Cruel Accountant
A Cruel Accountant's picture

Graduated from college in 91 no jobs except part time min wage jobs. Took three of them. I would work from 10 am Sat to 7 am sun every weekend. Even managed to save $$.

Suck it up. If you only have one job you are slacker!

Fri, 10/04/2013 - 20:27 | 4024431 dirtyfiles
dirtyfiles's picture

this is failed system the education is sold to young naive people like used cars loans where there should be simple open free skils market with real trades going on 7/24

Fri, 10/04/2013 - 20:38 | 4024461 Yen Cross
Yen Cross's picture

    If I were under 30, or any age for that matter, I would start a small business that requires some sort of trade skills.

 Preferably, something that caters to the more affluent. You'll have better margins and terms(payment) for your services, and learn much more about how businesses function. (most of your clientele will be involved in business) You'll have the the opportunity to gain knowledge and make decent money at the same time. You'll also build a great book of referrences. ;-)

  Did I mention you can barter legal, accounting, ect... services?

Fri, 10/04/2013 - 20:40 | 4024477 RaceToTheBottom
RaceToTheBottom's picture

Specific parts of custom log homes; wouldn't have believed it until I saw it....

Can't outsource it.

Always will be rich people.

Custom log homes go up in nice places.

In every vacation place the locals band together, probably to give each other sanity from dealing with "masters of the universe"

Most of the work is in the summer, leaving winters to ski....

 

I feel like an idiot going to engineering school..... LOL

Fri, 10/04/2013 - 21:39 | 4024542 Yen Cross
Yen Cross's picture

 @ RaceToTheBottom  If it makes you happy and provides a good living , GO FOR IT!    You're obviously light years ahead of your generation when it comes to communicatory skills...  { That's 80-90% of the sale}

Fri, 10/04/2013 - 21:57 | 4024672 Wilcox1
Wilcox1's picture

Can ya rec a best place to winter and ski for a workin' man?

Fri, 10/04/2013 - 23:11 | 4024847 wisehiney
wisehiney's picture

Whereabouts are you? Depends on what you like. Sun Valley, Taos, Stowe, Snowshoe are all good. 

Fri, 10/04/2013 - 22:23 | 4024733 Oldwood
Oldwood's picture

I build high end custom furniture, mostly for the wealthy and corporate applications and have my own business for nearly thirty years. Dream on......Sales are down 50% from five years ago and fewer and fewer are willing to pay, and I have not raised prices in twelve years, even with higher costs...for everything. The answer is marketing. You can sell anything to anyone if you spend enough money trying. Look at Obama! it works. The best jobs are ones that put themselves between the people and government. Either as the government henchman, the crony capitalist or defending the public from the first two. Everyone else is just a taxpayer.

Fri, 10/04/2013 - 21:03 | 4024531 strayaway
strayaway's picture

Our blue collar young people are running into a lot of competition from lower paid foreign workers at home and elsewhere. This also effects high school and college students. McDonalds, landscaping, construction helpers, and restaurant workers are jobs that used to be more available to high school and college students. Instead of acquiring work skills and earning money for college, students must be spending their time filling out loan applications.

Fri, 10/04/2013 - 22:53 | 4024811 Cabreado
Cabreado's picture

"If I were under 30, or any age for that matter, I would start a small business that requires some sort of trade skills."

Good thoughts, but there is already saturation.

No one gets out of this without a discovery of a new equilibrium, and that's not in the cards until it has to be.

Sat, 10/05/2013 - 16:12 | 4026175 Lednbrass
Lednbrass's picture

It depends on where you live as far as saturation goes.  If you live in the North or on the Left Coast, yeah. Southeast, not so much.

Fri, 10/04/2013 - 21:02 | 4024491 One And Only
One And Only's picture

College educations have become diluted.

Bernanke has literally printed the value of a college degree away. Let me explain:

There was a point when a college education actually meant something. You had to work hard to pay your way through college (or get a scholarship which was a testament to your willingness to better yourself). There was a point people actually WORKED their way through college. Meaning unless you had rich parents you paid your own way and as a result were INVESTED in your education. It meant something. You balanced working to pay off your tuition and living expenses with studying to better yourself. 

Let me share a real world 1st person perspective of what college is today.

I have an ex girlfriend who aside from her looks really has no value. I'm 28 years old and she's 22. When we were living together I was the sole bread winner. When we broke up and I moved out of state she moved backed in with her mom. (who is an even bigger loser but also on welfare). We are still on good terms though so we talk. My ex is currently with a 28 year old who is a self-professed career student. I scoffed at her. Apparently they are living very comfortably off of....government sponsored education grants. Now there is no fraud involved because she is taking classes in things like botany at a community college where she regularly updates me on her (now get this) FIELD TRIPS to GARDENS where she professed her recently obtained knowledge of.......gypsum weed (which produces the most hallucinogenic effects of all organic plants according to her). So basically she has no goal or direction in obtaining a degree in which to become a more productive unit of society and better her life but using these gvt grants to live and learn about useless trivia. She also loves her new ipad she purchased with her grant money.

Why is this happening? The Federal Reserve is printing money to buy government bonds that fund this waste. If the US government didn't have a printing press my ex might just have to get a real job and PRODUCE something (anything). Instead she is on a perpetual field trip and I am working to pay for it. This is the perfect example of why big government married with a central bank is detrimental to society. You get 28 year olds taking out Pell Grants so they can go on field trips to gardens.

To boot...have you seen college tuition costs? She is one of the reasons tuition is so high. It's really the FED but hopefully you catch my drift. College educations are literally being printed and becoming worthless (just like the dollar)

To be honest it's shocking she was able to get into any college. Brain dead but sexy as hell.

Fri, 10/04/2013 - 21:48 | 4024652 notadouche
notadouche's picture

I would venture to say that college educations started being diluted during the Vietnam War as no professor's wanted to fail any kids and feel the least bit responsible for those young men getting drafted.  D's became C's and educations sprialed downward since.  Or at least that's my theory.  Doesn't make it right but I would venture to say there is some truth to it.

Fri, 10/04/2013 - 22:32 | 4024757 Oldwood
Oldwood's picture

 I would have to call bullshit on that one with first hand knowledge. Colleges didn't give a shit if you came or went and most "professors" were far to busy working on their pet projects or trying to "publish" to spend any time worrying about students. Most classes were taugh by teaching assistants who were students themselves just trying to get through. Nobody cared...period. Unless of course you were a polysci mentoring under your politcal protesting professor. And if your grades were not where they wanted, you were gone!

Sat, 10/05/2013 - 00:59 | 4025031 notadouche
notadouche's picture

That's your personal experience but can't exactly be used a template of all experiences.  Early 60's I could agree but by 68 I wouldn't call it BS.  Berkley, Ivy leagues, most liberal professor's did actually give a shit by then as most were against the war.  I suppose we could just agree to disagree on a grand scale, however to be clear,  I wouldn't dare question, judge or pretend to know your personal experience.  You know what you went through and endured and I would never be so presumptious as to question you on that point sir. 

 

Fri, 10/04/2013 - 22:18 | 4024717 I Write Code
I Write Code's picture

Try jimson weed.  Or maybe try less jimson weed.

Fri, 10/04/2013 - 23:47 | 4024918 Lednbrass
Lednbrass's picture

I think what you're lookin' for is "Jimson weed" rather than gypsum.  I say this for informational purposes, not to be a pedantic ass.

It can also kill you, so maybe the useless lil' idiot will take herself out...

Sat, 10/05/2013 - 02:18 | 4025129 Curiously_Crazy
Curiously_Crazy's picture

(which produces the most hallucinogenic effects of all organic plants according to her)

As opposed to an inorganic plant? Damn they really are producing top notch students in the field of Botany these days aren't they! Sorry, couldn't help myself :)

Fri, 10/04/2013 - 20:47 | 4024498 Everybodys All ...
Everybodys All American's picture

I got a job for some of you twenty and thirty somethings.

Take that supid Obama/Biden 2012 sticker off of your car, your neighbors car, your sisters car, and your moms car because it's embarassing ...

Hold your policiticians accountable and that includes the top guy in the WH.

Fri, 10/04/2013 - 20:48 | 4024500 Bear
Bear's picture

Understanding the dilemma of recent grads and Student Debt:

http://boston.cbslocal.com/2013/10/04/500-students-attend-unh-forum-about-orgasms/

Fri, 10/04/2013 - 21:01 | 4024523 surferexx
surferexx's picture

regarding our generation (i'm 83') i'm a believer that the entitlement attitude is partially related to the large population of upper middle class baby boomers that spoiled their kids becuase they had the money to do it...

Fri, 10/04/2013 - 21:44 | 4024645 notadouche
notadouche's picture

You may be right but in my experience that is a small percentage as I think a much larger percentage of baby boomers actually abandoned their kids much in the same fashion that they abandoned their parents in old age.  Baby Boomer's divorced en mass and left their kids to fend for themselves while the Boomer's were always "findng themselves" and being the most selfish generation to walk the face of the earth.  Those kids of baby boomers ended up raising themselves and also started the trend of kids having kids which we see all too often over the last 15 years.   If you look around you will find many grandparents that are in their mid to late 40's.  That's not a particularly good sign for any society.

Fri, 10/04/2013 - 22:35 | 4024762 Oldwood
Oldwood's picture

Not a trend likely to end anytime soon. Its never been more about ME than now.

Fri, 10/04/2013 - 21:12 | 4024537 evernewecon
evernewecon's picture

 

 

Privatize The Profits, Socialize The Costs. 

Marry To Monopoly For Maximum Effect.

Cost Brake With  Simpson-Bowles.

Use The Adversity As A Profit Center.

Where Sufficiently Severe, Use To Privatize.

(Except Today Pre-Texted Ready-

Privatization’s Been Invented.)

 

It's banking, health care, GMO's for

ethanol and the food chain, though there

there's possibly this:

 

http://pages.citebite.com/j2n1n1e5j2yro

 

 

Just imagine how people took "refuges"

seriously.

 

http://pages.citebite.com/q4x7y1b2shnb

 

Resistance is occurring faster all over.

http://pages.citebite.com/i4r8w7y6cixi

 

 

http://www.sciencedaily.com/releases/2012/06/120620133359.htm

 

 

Both parties are supportive of the 

above, with the DP simply allowing a dash

more benevolence (Humphrey's 

"trickle down" economics.  So the 

DP's trickle down is simply a slightly

faster trickle, but not really risk 

endlessly filtered by the taxpayer

in lieu of legitimate free enterprise.)

 

A new wing of the DP makes sense, and

the Greens can wear two hats.

 

 

 

Hopefully before it's too late.

 

http://www.commondreams.org/view/2013/09/29-6

 

http://www.commondreams.org/view/2013/09/29-8

 

http://www.dallasfed.org/news/speeches/fisher/2013/fs130116.cfm

 

So far people advanced or self-advanced 

for that would not really represent a 

new wing.

 

The above issues actually aren't 

left vs. right, so even though I'd 

guess more people see themselves as 

right'ish than otherwise in this venue,

hopefully this won't make anyone 

really nervous.

 

On the student thing, a one-off small

bump in expense away from risk filtering

would look like this:

http://strikedebt.org/how-far-to-free/

The analogy in health care's risk equalization

and patient/doctor centrism, vs. carrier

entitlement and risk conformed to it and

driving eligibility for subsidy.

 

I support housing ownership assistance,

where practical, but even Congress is 

winding down the GSE's, which look to have

been essentially risk filters also.   There,

educational opportunity and enabling

mechanisms, further cultural and community

investment, and then, instead of privatizing

the profits, subsidizing the risks, transfers

could make better sense.    That would be comparable

to sliding scale royalties to the government/grants

from the government, by way of a truly independent

authority, to guide biotech away from what's for the 

most part a system of selling out, with the smaller

cos. taking most the financially life-threatening

risk.

Fri, 10/04/2013 - 21:26 | 4024590 evernewecon
evernewecon's picture

 

Also, free enterprise should be 

risk-wise a safe amusement park.

 

Non-recourse:

http://online.wsj.com/article/SB123336541474235541.html

 

especially instead of another day another way holding

those people's feet to the fire and having those who

sold the bubble further hand it over.

also:

http://online.wsj.com/article/SB122265260912184329.html

 

 

(both were indicated article free pass and currently

look open access.)

 

But especially sick for a society is debt prison for its

own kids.

 

The health equivalent of this:

 

http://strikedebt.org/how-far-to-free/

 

(instead of this:

https://duckduckgo.com/?q=student+debt+for+life   )

 

is possibly a one-off modest bump going to 

patient/doctor centric along risk equalization,

universal access/across the board skin in the

game minimum percentage required/ corp's 

for that sector back to 19th Cent charters 

for community benefit and with doctors, patients

and nurses mimicing the hospital structure, instead

of the insurance industry controllers' apparatus,

so as to concentrate on patient-doctor/bed to lab,

lab to bed.   Full patient choices, full doctor choices

still.

 

 

All the above is democracy instead of monopoly/privatization.

 

 

Fri, 10/04/2013 - 21:11 | 4024555 shinobi-7
shinobi-7's picture

Meanwhile in China job prospects are looking better by the day and salaries are rising. A US high tech company I work with just fired 1,000 people in the US and hired 200 in China. All well paid, full time jobs. Just perfect for me since I just decided last year to avoid flying to the US due to the hassle it has become.

Fri, 10/04/2013 - 21:12 | 4024557 g'kar
g&#039;kar's picture

Statists were never much for job growth. They rely on dependency for their power base. Be wary who you vote for....oops, too late.

Fri, 10/04/2013 - 21:16 | 4024573 BeetleBailey
BeetleBailey's picture

..and yet, these dunderheads keep supporting Obama and his band of douchebags....

Fri, 10/04/2013 - 21:18 | 4024574 pitz
pitz's picture

For US Electrical/Computer Engineering talent, the depression started in 2001 when the tech sector started laying people off on a wholesale basis.  Ordinarily these people would have been re-hired, but the tech firms filled their workplaces with foreigners on the H-1B visa instead, lying about the availability of US citizen talent to take the positions.  And destroying the purchasing power of millions of some of our best and brightest workers.

Things are so bad these days that our top universities can only report 1/3rd of their graduates, usually the foreigners, finding employment.  While the citizens aren't even granted the courtesy of a response to their resumes.  Firms such as Marvell are basically racially segregated (ie: Chinese) when such is ordinarily prohibited by law.  Microsoft has received millions of resumes in the past decade, yet has still managed to import many thousands of H-1B workers without even bothering to consider domestic talent.  The immigration fraud is so blatent and is destroying the under-35 crowd. 

Fri, 10/04/2013 - 22:07 | 4024696 ChaosEquilibrium
ChaosEquilibrium's picture

Thank You Bill Gates...for investing BILLIONS in Indian Education Institutions and Engineering trade Programs!!!!!

 

You got what you wanted...........cheap Coders who work for FOOD and are happy working for FOOD and do not give a dame about Benefits!

 

A deep dark secret about Gates and the "Boys from Microsoft"!!!!

 

Throw in Jesus Christ John Chambers.....managing and cooking earnings quarter after quarter after quarter.......How did that work for you Johhny?.....What about your shell of a Company?

Sat, 10/05/2013 - 00:48 | 4025017 shinobi-7
shinobi-7's picture

What on earth are these companies thinking? Hiring the brightest, more educated, hard working people for a lower salary? And they all do it! Has to be part of a conspiracy. What manager in his right mind would do that?

Sat, 10/05/2013 - 05:24 | 4025223 BidnessMan
BidnessMan's picture

Simply not true. Any graduating electrical engineer in the US has a pick of jobs.

Agree that people with Philosophy, Psychology, "Women's Studies" and similar useless degrees, even from "top universities" , can't find a job. Because they are useless degrees. I would not hire anyone stupid enough or pompous enough to major in such a degree.

Pitz has made these claims before. My guess he is pissed at the world because he has a PhD in Philosophy, yet he can't find the 6 figure job he thinks he deserves.

Sat, 10/05/2013 - 17:08 | 4026308 pitz
pitz's picture

"Any graduating electrical engineer in the US has a pick of jobs. "

Not true by any stretch of the imagination. 

 

Fri, 10/04/2013 - 21:20 | 4024576 Constitutional ...
Constitutional Republic's picture

"There are a thousand hacking at the branches of evil to one who is striking at the root." - Henry David Thoreau

The future? Continuing the controlled demolition of national states to be absorbed into a new world order, 'globalization', a one world government with one currency -  as detailed by the Trilateral Commission. This is verifiable. Research it if you disbelieve me.

They view the world as one big corporation, rule led by central banks allied to biggest corporations, and their appointed bureaucrats at national level (now known as 'elected' leaders), with indoctrination of this discipline carried out by their chosen intelligentsia in schools, colleges, workplaces, media.

Recognise the plan? You should do. Mussolini called it fascism, and the Nazis had their own version of it. So did Lenin: 'Crush the bourgeoisie between the millstones of inflation and taxation.'

The neutral term for this is corporatism, and the young today are collateral damage in this social engineering, just as their parents were before them. All treated like pawns on the globalist's chessboard.

There are many branches to this unfolding drama, but the root remains intact until people challenge its origins, and founders.

 

Fri, 10/04/2013 - 22:45 | 4024784 Vendetta
Vendetta's picture

exactly.  The flag has been turned upside by the 'leaders' these past 20 - 40 years.... always in about 10 year increments for radical economic destruction policies.

Fri, 10/04/2013 - 21:51 | 4024658 BernankeHasHemo...
BernankeHasHemorrhoids's picture

I don't feel sorry for them at all. Normal human beings in their situation would be out in the streets tearing the place apart brick by brick. Instead they have their little iToys to keep them happy. Until they're prepared to wage war and revolution, they can suffer like the bitches they are.

Fri, 10/04/2013 - 23:48 | 4024921 sessinpo
sessinpo's picture

I don't feel sorry for them either. But in 10,20, or 30 years, they will be charge including the military and all its weapons. Not to be taken lightly even if you are older and expect to be dead by then like I do.

Fri, 10/04/2013 - 21:51 | 4024660 gnomon
gnomon's picture

Leave your friends and family behind and head for the oil fields or anywhere but where you are.  Earn some cash instead of sucking government tit.  And at the end of the day you might have some self-respect.

Sat, 10/05/2013 - 17:24 | 4026357 pitz
pitz's picture

Only a very small chunk of people can do that, and basically, no latte-sipping pussies allowed.  Most people who go to college are not the sort of jackscrews that the oil fields need. 

Fri, 10/04/2013 - 21:55 | 4024670 Wanton1
Wanton1's picture

Just like vaccines.

Kill the patient,

Save the disease.

Fri, 10/04/2013 - 21:57 | 4024673 Umh
Umh's picture

This should be obvious and is silly. ---> #10 At this point about half of all recent college graduates are working jobs that do not even require a college degree.

 

We produce way to many college graduates. I didn't say they were any good. Many jobs including the one I retired from insisted upon people having college degrees and I insist that a good high school degree would have been more than enough. I learned things on the job that would not be incorporated into college  programs for years.

Sat, 10/05/2013 - 03:14 | 4025162 Haager
Haager's picture

Creating college degrees for the sheeples is a market in itself. And it is a bubble, as usual.

Fri, 10/04/2013 - 22:04 | 4024685 Kelley
Kelley's picture

Keep in mind that 30% of teens, and 25% of children, are on at least one long term prescription drug, according to a Wall Street Journal report from December of 2011 or 2012. The highlighted words "at least" means some are already taking two prescription drugs or more.

By the time those tens hit their 20's, the ones who are on one now will be on two or three, maybe more. As for those already on two or more...they are likely to be needing significant care by the time they are 30.

Even if the economy were to improve - and it won't - there is a large mess coming down the pike barrelling down at about 60 miles an hour to crush the economy.  

We are going to see widespread mediocre to poor health in a large part of the young adult population in the next few years. The rest of them will be at risk of brain tumors from their powerful smart phones zapping their thin skulls.

If it takes 10 people to care for one sick person, you better not have more than 10% of the population sick. Yet, 30% of teens have some level of sickness already. This is a rough yardstick but the point is there nonetheless.

 

Sat, 10/05/2013 - 17:24 | 4026352 pitz
pitz's picture

Could probably get a lot of people off prescriptions if the job market came back.  Since a good number of those prescriptions are for depression medications and similar.  Deporting all the foreigners, including those on H-1B visas, would be a good start. 

Fri, 10/04/2013 - 22:04 | 4024686 Radical Marijuana
Radical Marijuana's picture

The younger you are, the more you are being lied to, cheated and robbed by the political system you were born into, since that system is all based on DEBTS, which are the result of the triumph of the methods of organized crime taking control over governments, in order to legalize making money out of nothing, AS DEBTS!

The basic foundation of that system is financing every possible way that the future can be used to pay for the present. EVERYTHING IS DESIGNED TO MAXIMIZE THE SHORT-TERM PROFITS, WHILE THAT ALSO MAXIMIZES THE LONG-TERM COSTS.

The younger you are, the worse everything is for you to be born into that established system, since you are born in debt, with overwhelming future bills to pay, both in the form of runaway social polarization, and destruction of the natural world.

THE DRIVING MECHANISM FOR THAT WAS THE TRIUMPHANT APPLICATION OF THE METHODS OF ORGANIZED CRIME, SINCE NOBODY ELSE COULD EVER STOP THOSE WHO WERE BEST AT BEING DISHONEST, AND BACKING THAT UP WITH VIOLENCE, THEN AND THERE CONTROLLING WHAT ACTUALLY HAPPENED.

THOSE WHO WERE NOT THEN AND THERE WILL HAVE TO PAY FOR THE TRIUMPH OF THOSE FRAUDS, WHICH GOT GOING AND ENTRENCHED BEFORE THEY WERE BORN!

Fri, 10/04/2013 - 23:07 | 4024836 wisehiney
wisehiney's picture

No one can truly rob you but yourself.

Fri, 10/04/2013 - 22:06 | 4024695 strangewalk
strangewalk's picture

Every single financial and economic problem being experienced in the US, Japan and Europe today has been directly caused by outsourcing manufacturing to third world countries. Industry and manufacturing are the primary wealth producing engines of any economy (unless the country is lucky enough to have massive natural resources that it doesn't need and can sell to industrial economies). When manufacturing in the US and UK went, everything went with it--employment, opportunity, the tax base--and all that's left is a shell. Those who say that hundreds of millions of Chinese and others were lifted out of poverty are saying that because the corrupt kleptocracies in those shit holes did not have the will or ability to work toward a positive outcome themselves, we had to do it for them by surrending our jobs and futures, and watch our nation become a debt riddled basket case in free fall decline.   

Kill the politicians who allowed it to happen. Kill them for destroying America, kill them all.  

Fri, 10/04/2013 - 22:42 | 4024778 suicidalpsychologist
suicidalpsychologist's picture

Your parents and grandparents voted for these politicians. And they told you the manual jobs were too shity for you to do.

Sat, 10/05/2013 - 08:52 | 4025328 TeresaE
TeresaE's picture

+1000

 

Yep, the PARENTS sat idly by, or helped the kid pick a major and fill out the debt contracts, while ENCOURAGING them to feel to good about themselves to shovel shit if that is what they need to do.

Which is why my son had three options at high school graduation time, 1-find a job and pay rent, 2-move out or 3-go to college and I'll do all I can to help.  He chose 1 and is the only one of his peers (30 y.o.) that has held a job for the majority of the last decade.  He paid cash for a fixer upper (overpaid thanks to banks buying all the good properties back from themselves) and is now trying to get it livable and the city out of his ass.

Meanwhile, my nieces and nephews are too good to work at McD's, 'tis easier to mooch off parents and laze around all day.

WE created this mess for our kids.  WE are now loving the fact that this society blames the freaking victims instead of the perps.

Reset is needed, sadly for Dr. Brown above his ilk will be the first out.

Sat, 10/05/2013 - 05:20 | 4025221 TNTARG
TNTARG's picture

Those who say that hundreds of millions of Chinese and others were lifted out of poverty are saying that because the corrupt kleptocracies in those shit holes did not have the will or ability to work toward a positive outcome themselves, we had to do it for them by surrending our jobs and futures, and watch our nation become a debt riddled basket case in free fall decline.   

I find your line of thought a bit simplistic. Your corporations took the jobs elsewhere just to make big additional money because in some countries wages (and taxes) are a lot lower than in the US, Europe.

On the other hand, try to find out what the WTO does in case you pretend to protect your industries (say, import tariffs):

http://www.ft.com/cms/s/0/cf89676c-552b-11dd-ae9c-000077b07658.html#axzz2goihgFBT 

WTO rules against China in dispute over car part import tariffs. (Just to point one case).

Third, the gvt, the State, dosn't own the central bank (the FED, the ECB), which is a major issue.

And so on, with gvt working on behalf of huge corporations that do whatever they want all around the world and make your country, NATO and others to murder, bomb, slaughter, assassinate, contaminate, poisen, etc. just for their own infinite appetite.

Your taxes go to feed banksters which "invent" new "finantial products" out of nothing and europeans, americans, etc. have to pay the bill but... The ammount of "finantial products" this "creative" people have created is far larger than the World GDP.

Just to mentions some elements of this "system of freedom" we're into.

 

 

Fri, 10/04/2013 - 22:09 | 4024698 chindit13
chindit13's picture

Resourcefulness or blame?  There once was a lad, whose father died before he was even born, who had a problem trying to figure something out.  It was a math problem.  Nobody could help him.  He asked anyone who would listen, and checked every available written text.  Zip.  Then things turned ugly when the lad was just over twenty.  The government closed his school and told everyone to go home.  Back at home, approximately a quarter of his friends, neighbors and fellow citizens died.  Of the Bubonic Plague.  "Bring us your dead!" isn't just from Monty Python.

Did he whine?  Did he say "woe is me"?  Did he demand someone hand him the living he was owed merely for doing the world the favor of being born?  No.

Instead, he took the time handed him and developed Calculus.  He then solved his math problem (gravity) using what he developed completely on his own (coicidentally at the same time as another fellow in Germany).

He didn't even have an iPhone.  Nor Obamacare.  Nor a calculator.  Nor electricity.

Yea, we all had it tough.  This kid had it tougher.

As these generational smackdowns become a twice-a-week finger-pointing blamefest on ZH, tolerated because they generate clicks that pay bills, I like to remind myself, and anyone else who deigns to read my screed, you could have been a female in rural Bangladesh.  On the other hand, none of us could have been Isaac Newton, so our own problems are trifles and our own accomplishments nothing.

Fri, 10/04/2013 - 23:04 | 4024834 wisehiney
wisehiney's picture

Lucky is the kid with wisdom to know that the harder it is, the more it costs, the sweeter it is. Often they just need to be shown the rewards of doing it the right way. Easier said than done. The one smart kid that soaks in chindit posts is worth it.

Fri, 10/04/2013 - 22:14 | 4024711 Stinko da Munk
Stinko da Munk's picture

Seriously? You are between 18 and 29 and you can't find something of value to do? Get tatts and play with the iPhone and bitch about life's challenges? That's all you got? Fuck you.

Fri, 10/04/2013 - 22:15 | 4024712 Stuck on Zero
Stuck on Zero's picture

... and Obama is about to ram rod the U.S. into the Trans Pacific Trade Pact (TPP) so that all the remaining jobs can be exported. 

 

Fri, 10/04/2013 - 22:30 | 4024749 My Days Are Get...
My Days Are Getting Fewer's picture
Good comments here.   Government wants people in school as long as possible to keep them off of the unemployment rolls.  What happens or does not happen to you after school is your problem.   Young people under 30 or under 16 have to realize that there are not enough good paying jobs to go around.  Technology and robotics are destroying jobs at warp speed.   If you have a rich family, then get a well-rounded education - but do not expect your degree to translate into a good job, unless your family has connections.   If you are not one of the above, then realize this:  Everyone has to do a post-doc at "Screw U".  Better to get street smarts and survival skills early in life.  If you have a talent in anything, make the most out of it.  And, stay out of debt.  Again, stay out of debt.   That road is too hard for many.  So, they will get a masters in gaming the system.  They will learn fast that the objective is not to get caught.  That is today's credo.   There are many good opportunities for those who are willing to acquire knowledge, which they can convert into money.  You can go the quick Buck route - churn them and burn them and find new victims.    Or, you can apply knowledge to create and deliver a good product or service.  You do not need college to do this.      
Fri, 10/04/2013 - 22:56 | 4024820 wisehiney
wisehiney's picture

All you really need is character. But trying telling them that.

Sat, 10/05/2013 - 03:07 | 4025153 TPTB_r_TBTF
TPTB_r_TBTF's picture

Is there an App for that?

Sat, 10/05/2013 - 03:18 | 4025167 Curiously_Crazy
Curiously_Crazy's picture

Technology and robotics are destroying jobs at warp speed.

 

When I first entered Surveying a crew of three sometimes occured (it was just on it's way out) but we always at least 2 - the Surveyor and the Assistant. Now with robotics the assistants are no longer and the Surveyor does everything; The bosses look at it as some 'fancy' cost cutting measure but it makes the job twice as hard, not to mention the human costs of the lost jobs and not having someone to bounce ideas off when out in the field.

Years ago we had 4 Pilots to a plane (well, the Captain plus 2nd and 3rd Officers and the Flight Engineer) Now we are down to 2 and they are looking at ways to make that 1.

That's just two examples that come quickly to mind, but I can't fathom how anyone back in the heyday when everyone was spouting "technology will allow for more free time for everyone" actually believed it. More free time alright - to hang out at the unemployment centre. None of the unemployed I know are bludgers and would almost give their left nut for a job.

Cheers

Fri, 10/04/2013 - 22:41 | 4024774 suicidalpsychologist
suicidalpsychologist's picture

You guys are trying to explain something that you just cant do shit about. It's just what it is, and just like all our ancestors, we will have to deal with it by eliminating the competition instead of being eliminated by it. It means it's an absurd giant free for all; only the fittest survive. We re animals who are conscious of being animals.

Western youths are at war against their own parents , grandparents, and the immigrants they imported from the third world.

Fri, 10/04/2013 - 23:01 | 4024831 Occams Aftershave
Occams Aftershave's picture

OK, someon's gotta say it:  The pendulum has swung too far.  Check out #1, #2, #5, #15.  Young men are lost.  Addicted to free, 24/7 live nude girls.   All the aid, grants, help, support groups are for women.  Women have all the jobs, according to these statistics.  Humans are evolving into beehive society, where the women do the work, and the drone males fly around aimlessly hoping for sex.  The numbers say it.

Fri, 10/04/2013 - 23:38 | 4024907 Jethro
Jethro's picture

It's like a virtual reservation. The US government is good at, and has plenty of experience with, reservations.

Sat, 10/05/2013 - 14:33 | 4025980 Hongcha
Hongcha's picture

Kaching!  Jethro, good analogy.

Sun, 10/06/2013 - 02:59 | 4027214 Curiously_Crazy
Curiously_Crazy's picture

I wish I still had a sex drive. Lost it over a decade ago when I first started reading about all the shit going on the world

Sometimes ignorance really is bliss

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