If You Have Children, You Need To See These Numbers

Tyler Durden's picture

Submitted by Simon Black of Sovereign Man blog,

According to a recent survey by the Pew Research Center, just 33% of Americans think their children will have a better life than they did. On the other hand, 62% believe their children will be worse off.

They’re likely to be right.  The typical American family has seen its real income (adjusted for inflation) fall for 5 consecutive years now, and it earns less in real terms that it did in 1989.

According to the Census Bureau, median household income fell in 2012, and it languishes 8.3% below the pre-crisis peak in 2007.

The Brookings Institution, meanwhile, calculates that real incomes for working-age men in the US have fallen by 19 per cent since 1970.

(Of course, if you’re fortunate enough to be a member of the super-rich who, thanks in large part to central bankers driving up asset prices, saw their real incomes rocket by 20% in 2012.)

In Europe things look even more dire.  Just 28% of Germans think their children will be better off than they were.  In the UK it’s 17%, in Italy 14%, and in France just 9%.

In Britain, research by the Financial Times shows that those born in 1985 are the first cohort to suffer a living standard worse than those born 10 years before them.

Contrast this gloomy picture with China, where 82% think their kids will have it better than they did. In Nigeria, the number is 65%. In India, 59%.

It’s blatantly obvious that the West is in decline. And most people seem to understand this.

But this isn’t a bad news story. Wealth and power has constantly shifted throughout history. Five hundred years ago, it was the West that was rising and Asia in decline. Today it’s the exact opposite.

As Jim Rogers has said so many times before, if you were smart in the 1700s, you went to France. If you were smart in the 1800s, you went to England. And in the 1900s, you went to the US.

Today, it’s the developing world. That’s where the long-term opportunity is - Asia, Africa, and South America.

What’s happening in the developing world is nothing short of remarkable. One billion people are being pulled from the depths of poverty into the middle class… bringing with them untold possibilities for business, employment, and investment.

That’s one of the reasons why I travel so much, and why I spend so much time in Chile. I’m constantly amazed at the tremendous opportunities I come across in this country (which is still largely off the radar of most people).

It’s also what I encourage my students to do each summer at our entrepreneurship camps - seek out opportunities in countries that are rising suns, not setting suns.

If you have children, this is a great direction to influence them. Encourage them to learn another language, travel, and apply what they want to do to how the world is going to be in the future.

As Wayne Gretzky said, skate to where the puck is going to be.

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Radical Marijuana's picture

The Sun is setting on the whole world.

There are no really "rising" countries!

Ying-Yang's picture

Yes... Central Banks are Pucking things up!

NotApplicable's picture

The BIS has blotted out the Sun.

DoChenRollingBearing's picture

 I worry more about any grandchildren we may have...

Debeachesand Jerseyshores's picture

I have grandchildren and I hope they have their act together because a shitstorm is coming their way.

forwardho's picture

As of Jan 2011, 50.4% of all children under the age of one in U.S. were from minority groups.

Draw your own conclusions on the state they may find themselves in 18 yrs


TeamDepends's picture

It is well past time we think in terms of majority/minority, as it is a divide and conquer strategy they have used successfully for far too long.

BLOTTO's picture

And then thats when the future new government steps in 'THX-1138/Hunger Games' style and 'help' take care of our children...



mofreedom's picture

Welcome back Carter!!!

There will be a Reagan to defeat you, and by you I mean the establishment repubs.

God Bless America!!!!!!

Abbie Normal's picture

Welcome them to the rest of the world, where the color of your skin does not invoke an automatic advantage any more.

whatsinaname's picture

Read a  Time magazine supplement yesterday that talks about starfish along the Western Pacific coast losing their arms but failing to regenerate them like they normally do. The scientists are at a loss to determine what is causing this issue. Apparently they hope to identify the cause by next year.

Maybe TEPCO has an explanation ?


Radical Marijuana's picture

My view, whatsinaname, is that I believe it is more basic chemistry, systemically impacting, than the radiation from Fukushima so far ... Indeed, adding all those kinds of trends together, as they pile up on each other, and reinforce in feedback loops, are the main reasons why I hold my pessimistic views.

The fundamentally fraudulent financial accounting systems dominating the world, with the King of Fraud in each country being its Central Bank, and the King of Kings of Fraud being the BIS, are symbolic of the ways that civilization is controlled by lies, backed by violence, which enables those benefiting from that to more and more operate through evil deliberate ignorance. The basic idea that we can make "money" out of nothing, as debts, is INSANE, since it contradicts the basic laws of physics, which should be obvious to common sense. However, those who got away with legalizing that fraud, and having the governments back up that fraud with legalized violence, have been enabled to reinvest the profits from that fraud in more frauds. Therefore, the banksters, and the corporations that grew up around them, were able to dominate the funding of the educational institutions, as well as consolidate control over the mass media, so that our whole society ended up operating under deliberate ignorance, in the form of LIES BY OMISSION.

The most important social and environmental facts are deliberately ignored by the dominate social pyramid systems. Therefore, diffuse trends, like how all kinds of different pollution drive an overall chemistry inimical to living things, are apparently picking up speed, due to feedback loops. The destruction of the Western Pacific oceanic ecology has been accelerating since the European Invasion of Neolithic Civilization began. Things like wiping out the top carnivores, or keystone species, took place there. Such as wiping out the otters, so that then the sea urchin population exploded, so that then the kelp forests were devastated. The net result is that more than 90% of the oceanic ecology off the coast of British Columbia was already destroyed decades ago. What is happening now appears to be the runaway avalanche of consequences from degrading the ecosystems, with fundamental features being changes in the basic chemistry of the water. In that context, the radiation that is coming through the Pacific waters from Fukushima is going to become just one more injury, on top of many others, all adding together.

The basic problem, and the reason for my overall pessimistic view, is that our fundamentally fraudulent accounting system dominates everything else, despite that being based on being able to deliberately ignore the basic laws of nature, which should be widely accepted common sense, but actually are deliberately being ignored by the vast majority of people, since they live inside of a society whose entire structure is based on lies, backed by violence, which deliberately works to keep most people ignorant and afraid.

There are NO other countries anywhere that I am aware of that are not Neolithic style of civilization, social pyramid systems, based on force backed frauds, within which most people have adapted by maintaining an attitude of deliberate ignorance towards crucial social and environmental facts. We keep on privatizing the profits, while the political processes which do that are able to socialize the losses, in ways which ignore the systemic social and environmental effects. The whole world operates through death controls based on the maximum deceits, and debt controls based on the maximum frauds, which collectively are driving human civilizations to act more and more insanely.

Sure, there are relatively better off and worse off countries, and those which were down may come up, and vice versa, however the fundamentals are turning natural capital into garbage and pollution EVERYWHERE. Since we have a fundamentally fraudulent financial accounting system, it is practically impossible to fix any of those problems. Since those insane, but almost totally triumphant, frauds are entrenched and reinforced by all their short-term benefits, the longer term costs of getting away with doing that keep on piling up higher and higher. There are no places on planet Earth that I am aware of which are not forced to participate inside of the runaway rush to turn natural resources into garbage and pollution as fast as possible, because those doing that already totally dominate the accounting systems, and are therefore able to influence everyone else to agree to stampede through ...

Paradoxically, the "better" that countries may appear to do, for a while, the more that they are really destroying their own future. As far as I can tell, it is practically impossible to stop the people who are the best at being dishonest, and backing that up with violence, from controlling what civilization actually does. The longer term consequences of us doing that are adding up faster and faster now, towards reaching tipping points. It would be nicer if we could go through some turning point more aware of the need to. However, I am quite sure that the vast majority will continue to deliberately ignore what they should not as much as possible, for as long as possible, until finally the tipping points are drastic.

Although I sympathize with those who prepare, and even move to somewhere they think will be better, my overview has become that there is nowhere on planet Earth that is good enough. Indeed, North America, if anywhere, may be more likely to go through the political miracles needed, than most other places ... Therefore, I do not agree with the basic idea presented in this article above that escape to another continent is all that good of an idea. Another planet Earth ??? yes, that would be a nice day dream, or even a fresh continent, sure! However, there is nowhere on Earth that has not already be overrun by people, if that was possible to do there.

The combined runaway effects of civilization are destroying the natural world at an exponential rate, and that is a global phenomenon. However, since civilization is actually being controlled by the most dishonest and violent people, while those being controlled have adapted for many generations to accept living inside of that social pyramid system, I see no feasible ways that those systems can adapt better. Rather, those social pyramid systems are set up so that their "solutions" are going to become mass murders of the majority of the people who are relatively towards the bottom of the social pyramids, which "solutions" could readily runaway to become even worse ...

There are many real reasons to fear that the Earth's natural systems could be pushed to some point where they dramatically change their state, in ways which go utterly off the scale of anything previously in known human history. However, even if that is correct, we can practically guarantee that the established systems will continue to deliberately ignore that, as much as possible, for as long as possible ... which is why truly "solving" any problems appears impossible, although individuals are welcome to try their personal best, within their own circumstances ... including moving to another country, as their plausible fantasy for personal salvation.

willwork4food's picture

Well said Rad. I might point out that evil ultimately destroys itself. The gig is up. People are becoming aware. Those tramps that hold signs @ your nearest HD that say "willwork4food" will be commonplace. There will be more and more 'Snowdons' marching through history, revealing the rot that is suppose to be respectable, which we all now know is not. Our only hope is these assholes won't take the planet out with them and if we have enough brave men & women that will be willing to lose their life to stop them. It's come to that.

jbvtme's picture

that's one of many horror stories coming out of the pacific basin

TheFourthStooge-ing's picture


Maybe TEPCO has an explanation ?

Well of course they do, friend! Those aren't just ordinary starfish. That's Starry®, one of the adorable characters created to celebrate the 2020 Tokyo Summer Olympics!

It's taking him a little more time to regenerate those arms, but that's because each lost arm will regenerate as one of the five rings in the official Olympics symbol. He just needs a little more practice, but you just wait. Starry® will soon be lighting up the sea with the glow of official Olympic charm, magic, and wonder.

fonestar's picture

The sun has always been setting on a defeatist mindset.

Those record corporate profits and banker bail-outs amidst a backdrop of record unemployment and part time workers only exist because of people passively accepting their lot in life.  Play the victim and a predator will gladly victimize you.  You don't need to end the Fed, you need to ignore the Fed.

Au_Ag_CuPbCu's picture

You don't need to end the Fed, you need to ignore the Fed and passively accept the consequences.  Fixed it for ya.

Bobbyrib's picture

Ignore the price fixing and the fact that they control the value of the FRN's? A little harder than it is typing those words.

CH1's picture

ignore the Fed and passively accept the consequences.


Walk away from the Fed and start building a better existence.

Au_Ag_CuPbCu's picture

Sarcasm dumbass!  Just tired of fonefony's bullshit "everyone’s passive except me" drivel.  Guess it's a little high brow for ya...you have my deepest sympathies.

willwork4food's picture

Right on Ch1. It's high time to stop feeling like a victim and doing something constructive.

Kirk2NCC1701's picture

Allow me to add to cognitive dissonance of the sheep...

In a truly Christian nation, we would not have the situation we have.  We have created magnificent cathedrals to our new god:  Mammon.

All worship Mammon and despair!

p.s  But ye may still go to your little 'churches' on Sunday morning and PRETEND that you, your family, and your friends are still Christian in all but name and club-like affiliation.

CH1's picture

The Churches of America have become organs of the state, and preach their War Religion.

willwork4food's picture

I just had a passionate talk with my son's friend who is going into the Navy as an officer. Assured him he will see action, but it's all for the bank's owners, not for protecting America per se. Rattled him a bit...'specially when I asked him what felled building 7.

forwardho's picture

Thanks for pointing that out fonestar, When all is falling around you... sell reinforced umbrellas.

Every day we make our own weather.

DaddyO's picture

I suspect you can just ignore the thug who is trying to carjack your arse as well...

So taking it to a logical conclusion, just ignore the FED and nothing bad will happen.

Typical addict behavior, just ignore it and it will go away, right?


JuliaS's picture

1% are confident and 37% are delusional.

TheFourthStooge-ing's picture

Radical Marijuana said:

The Sun is setting on the whole world.

There are no really "rising" countries!

And there are only submerging economies.


Full fathom five thy father's economy lies;
Of its bones are human corrals made;
His pearls cast to swine before his eyes;
Nothing of his that doth not fade,
But doth suffer a sea-change
Into possessions of the rich and strange.
CNBC-nymphs hourly ring its knell:
Hark! now I hear them -
Ding-dongs on Closing Bell.

Seasmoke's picture

My kids are going to have a much better life than me. They are going to own a bank while in High School.

Bendromeda Strain's picture

Why not - it happened in the Weimar Republic

Balvan's picture

Should i read this if i don't have children?

cougar_w's picture

No because it might convince you not to have kids, which is still IMO the best deal on earth.

Wen_Dat's picture

The future is now


Destroy another fetus now 
We don't like children anyhow 
I've seen the future, baby: 
it is murder 




Love having children BTW

Harbanger's picture

Cougars don't hate them, they date them.

AccreditedEYE's picture

Somebody tell these kids to BTFATH

max2205's picture

1900s sucked in the USA. ...hey why isn't germany on that list...or Russia?   Oh wait

Son of Captain Nemo's picture

If this is where the "puck" obviously isn't, you need to be asking where 110 million Japanese will be moving to if they can't get this thing under control.


Anybody who says the latest saber rattling with China and the Diet's state secrecy provision(s) is "unrelated", and that Japan is just protecting "her interests" needs to sell me some of that opium the U.S. Army is cultivating in Afghanistan.

For Korea (North and South) China and Russia the contamination of the Pacific ocean could easily be construed as an act of war in and of itself.

jbvtme's picture

110 million japanese going to need new digs? how about detroit and camden?

Son of Captain Nemo's picture

And just think, if we can fit them all into Detroit and Camden Obamacare will have many new enrollee(s) from the looks of it.

This story just keeps on getting worse.


toady's picture

My kids are going to have it much better than I did, but that's only because my life is so horrible. I think a lot of these people are looking thru rose colored glasses at their lives.

Starvation, exposed to the elements, naked & scared. They won't be forced to deal with any of that.

Bendromeda Strain's picture

I suggest you read or watch A Woman in Berlin.

Son of Captain Nemo's picture

"My kids are going to have it much better than I did, but that's only because my life is so horrible"...

Your kids are only going to have it much better if you are sharing it with them.

Merry Xmas. Your best gift is living each day to watch them grow in your life and vice versa

lordbyroniv's picture

I LOL at all my friends that have kids.


I got myself a puppy.


Puppies are wayyyyyyyyyyy better than kids.



The_Dude's picture

Ahh...delusion is a wonderful drug!

IridiumRebel's picture

You'll probably kill it. I'm sure the folks at the death home will give you a Christmas card after they wipe your ass and search your bag.

chunga's picture

Why do you say that?

Being a parent is the most challenging and rewarding experience one can ever have. Last night I listened quietly while Mrs. chunga talked to our oldest who is considering very hard about having a baby. They talked for about 90 minutes and I was absolutely fascinated. From my experience; it takes *two* parents and there is no such thing as "taking a day off" from parenting.

We've all butted heads many, many times over the years but have managed to all still actually like each other. We have dogs too; but I doubt they'll be able to take care of us when we get old. Our kids take comfort in the fact that if they need us...we'll be here no matter what. And I'm not talking about money. Sometimes they ask for advice and don't get what they necessarily want to hear (my job). Other times they get unconditional love and understanding (wife's job). Everybody gets an equal say and it works for us. Our kids work hard and do ok, but they are very concerned about the future. I know if something happens to me, the kids will be there to take care of Mrs. chunga no matter and that's pretty cool.

(fwiw...i didn't junk you)

10mm's picture

To each their own. There are plenty out there who should of never had kids. As far as the death home, we won't see it. Advisory boards will take care of that.

IridiumRebel's picture

Death Panel Mourning cards for all!

STP's picture

Agreed.  The biggest growth in California is from the Third World Illegal Immigrants, who have three to five kids, costing $12K a year apiece, but working at the Car Wash, Merry Maid or whatever service job they can eke out, while enjoying free babysitting money from the State of California, WIC, TANF, Section 8 and on and on and on.