This page has been archived and commenting is disabled.

22 Facts About The Coming US Demographic Shock Wave

Tyler Durden's picture


Submitted by Michael Snyder of The Economic Collapse blog,

Today, more than 10,000 Baby Boomers will retire.  This is going to happen day after day, month after month, year after year until 2030.  It is the greatest demographic tsunami in the history of the United States, and we are woefully unprepared for it.  We have made financial promises to the Baby Boomers worth tens of trillions of dollars that we simply are not going to be able to keep.  Even if we didn't have all of the other massive economic problems that we are currently dealing with, this retirement crisis would be enough to destroy our economy all by itself.  During the first half of this century, the number of senior citizens in the United States is being projected to more than double.  As a nation, we are already drowning in debtSo where in the world are we going to get the money to take care of all of these elderly people?

The Baby Boomer generation is so massive that it has fundamentally changed America with each stage that it has gone through.  When the Baby Boomers were young, sales of diapers and toys absolutely skyrocketed.  When they became young adults, they pioneered social changes that permanently altered our society.  Much of the time, these changes were for the worse.

According to the New York Post, overall household spending peaks when we reach the age of 46.  And guess what year the peak of the Baby Boom generation reached that age?...

People tend, for instance, to buy houses at about the same age — age 31 or so. Around age 53 is when people tend to buy their luxury cars — after the kids have finished college, before old age sets in. Demographics can even tell us when your household spending on potato chips is likely to peak — when the head of it is about 42.


Ultimately the size of the US economy is simply the total of what we’re all spending. Overall household spending hits a high when we’re about 46. So the peak of the Baby Boom (1961) plus 46 suggests that a high point in the US economy should be about 2007, with a long, slow decline to follow for years to come.

And according to that same article, the Congressional Budget Office is also projecting that an aging population will lead to diminished economic growth in the years ahead...

Lost in the discussion of this week’s Congressional Budget Office report (which said 2.5 million fewer Americans would be working because of Obamacare) was its prediction that aging will be a major drag on growth: “Beyond 2017,” said the report, “CBO expects that economic growth will diminish to a pace that is well below the average seen over the past several decades [due in large part to] slower growth in the labor force because of the aging of the population.”

So we have a problem.  Our population is rapidly aging, and an immense amount of economic resources is going to be required to care for them all.

Unfortunately, this is happening at a time when our economy is steadily declining.

The following are some of the hard numbers about the demographic tsunami which is now beginning to overtake us...

1. Right now, there are somewhere around 40 million senior citizens in the United States.  By 2050 that number is projected to skyrocket to 89 million.

2. According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

3. One poll discovered that 26 percent of all Americans in the 46 to 64-year-old age bracket have no personal savings whatsoever.

4. According to a survey conducted by the Employee Benefit Research Institute, "60 percent of American workers said the total value of their savings and investments is less than $25,000".

5. 67 percent of all American workers believe that they "are a little or a lot behind schedule on saving for retirement".

6. A study conducted by Boston College's Center for Retirement Research found that American workers are $6.6 trillion short of what they need to retire comfortably.

7. Back in 1991, half of all American workers planned to retire before they reached the age of 65.  Today, that number has declined to 23 percent.

8. According to one recent survey, 70 percent of all American workers expect to continue working once they are "retired".

9. A poll conducted by CESI Debt Solutions found that 56 percent of American retirees still had outstanding debts when they retired.

10. A study by a law professor at the University of Michigan found that Americans that are 55 years of age or older now account for 20 percent of all bankruptcies in the United States.  Back in 2001, they only accounted for 12 percent of all bankruptcies.

11. Today, only 10 percent of private companies in the U.S. provide guaranteed lifelong pensions for their employees.

12. According to Northwestern University Professor John Rauh, the total amount of unfunded pension and healthcare obligations for retirees that state and local governments across the United States have accumulated is 4.4 trillion dollars.

13. Right now, the American people spend approximately 2.8 trillion dollars on health care, and it is being projected that due to our aging population health care spending will rise to an astounding 4.5 trillion dollars in 2019.

14. Incredibly, the United States spends more on health care than China, Japan, Germany, France, the U.K., Italy, Canada, Brazil, Spain and Australia combined.

15. If the U.S. health care system was a country, it would be the 6th largest economy on the entire planet.

16. When Medicare was first established, we were told that it would cost about $12 billion a year by the time 1990 rolled around.  Instead, the federal government ended up spending $110 billion on the program in 1990, and the federal government spent approximately $600 billion on the program in 2013.

17. It is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

18. At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for every single household in the United States.

19. In 1945, there were 42 workers for every retiree receiving Social Security benefits.  Today, that number has fallen to 2.5 workers, and if you eliminate all government workers, that leaves only 1.6 private sector workers for every retiree receiving Social Security benefits.

20. Right now, there are approximately 63 million Americans collecting Social Security benefits.  By 2035, that number is projected to soar to an astounding 91 million.

21. Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.

22. The U.S. government is facing a total of 222 trillion dollars in unfunded liabilities during the years ahead.  Social Security and Medicare make up the bulk of that.

So where are we going to get the money?

That is a very good question.

The generations following the Baby Boomers are going to have to try to figure out a way to navigate this crisis.  The bright future that they were supposed to have has been destroyed by our foolishness and our reckless accumulation of debt.

But do they actually deserve a "bright future"?  Perhaps they deserve to spend their years slaving away to support previous generations during their golden years.  Young people today tend to be extremely greedy, self-centered and lacking in compassion.  They start blogs with titles such as "Selfies With Homeless People".  Here is one example from that blog...

Selfies With Homeless People

Of course not all young people are like that.  Some are shining examples of what young Americans should be.

Unfortunately, those that are on the right path are a relatively small minority.

In the end, it is our choices that define us, and ultimately America may get exactly what it deserves.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 02/11/2014 - 21:48 | 4426271 LetThemEatRand
LetThemEatRand's picture

Affluenza.  Our elders benefitted from a post-war boom followed by decades of money printing that was designed to enrich the top but temporarliy enriched the middle.  Meanwhile, the youth all think they are the next rap star or other celebrity because the tee vee tells them so.  Or they just exist online playing video games in a virtual universe.  Max K nailed it with Farmville serfs clicking for dollars for someone else.  Real serfs shall follow.  

Tue, 02/11/2014 - 21:54 | 4426299 LawsofPhysics
LawsofPhysics's picture

Do I need to say it again?

I remain long sharecropping and a dependable tribe.

Yes, the "kids will be kids", but eventually the motherfuckers are going to want to eat.

Tue, 02/11/2014 - 21:56 | 4426307 LetThemEatRand
LetThemEatRand's picture

"...but eventually the motherfuckers are going to want to eat."

Let them eat Rand.

Tue, 02/11/2014 - 21:56 | 4426314 john39
john39's picture

no worries, the Rockefeller and Gates Foundations are all over the problem.  Enough eugenics goodness to ensure that every life well lived is over well within actuarial expectations for a happy and financial sound sheeple farm.

Tue, 02/11/2014 - 21:58 | 4426325 LetThemEatRand
LetThemEatRand's picture

As Rand envisioned.  They will "go Galt" and leave us all to fight for scraps.

Tue, 02/11/2014 - 22:02 | 4426332 Soul Glow
Soul Glow's picture

You forgot "cheap oil".  The boomers lived their whole lives with well greased machines paving their way.

Tue, 02/11/2014 - 22:05 | 4426345 LetThemEatRand
LetThemEatRand's picture

And well greased politicians paid by the oil magnates to keep the MIC well armed to keep said cheap oil flowing while we bought the world a Coke.

Tue, 02/11/2014 - 22:29 | 4426431 NoDebt
NoDebt's picture

Earlier this evening I told my father:  "Dad, no offense, but I don't like paying for your SS and Medicare, let alone millions like you."

Still a sharp old buzzard, he shoots back "Gotcha!"

I said something about putting a pillow over his head while he was sleeping.  He breaks into raucous laughter.  I give him a hug, tell him I love him, he does the same and heads back home.

Fucking old people can't afford 'em.  Can't kill 'em.

Tue, 02/11/2014 - 22:30 | 4426440 Soul Glow
Soul Glow's picture

Go read Bruce's articles and then have a real conversation with your father.  You'll be the wiser.

Tue, 02/11/2014 - 22:37 | 4426467 NoDebt
NoDebt's picture

You assume my situation is one of lack of information or understanding.  It is not.  

Once you know the full horror of how bad you're fucked, your focus changes.

Tue, 02/11/2014 - 23:19 | 4426627 Keyser
Keyser's picture

Here's an old fucker saying for you, being forewarned is being forearmed. By being awake to what is happening, you are 1000% better off than the sheeple that are oblivious to the coming tsunami. Personally, I've stopped trying to enlighten people. Fuck 'em, they don't want to hear it and they think you're nuts. So, let them eat Rand.



Tue, 02/11/2014 - 23:32 | 4426667 derek_vineyard
derek_vineyard's picture

one term to hillary one to muchelle then two terms each to O's daughters.  its all taken care of. no worries.

Tue, 02/11/2014 - 23:52 | 4426724 TruthInSunshine
TruthInSunshine's picture

#23 - Future entitlements will be paid out in the form of bitcoin in accordance with the newly signed "Satoshi-NSA Pax Americana Financial Stability & Retirement MyRA Act," per Obama Executive Order.

Wed, 02/12/2014 - 00:03 | 4426759 Mister Kitty
Mister Kitty's picture

The sky is falling.  Bitches.

Wed, 02/12/2014 - 00:13 | 4426784 LetThemEatRand
LetThemEatRand's picture

 Where?  Oh, I thought you said raining.

Wed, 02/12/2014 - 00:27 | 4426838 TruthInSunshine
TruthInSunshine's picture


Wed, 02/12/2014 - 01:08 | 4426942 HyBrasilian
Wed, 02/12/2014 - 04:41 | 4427210 Redhotfill
Redhotfill's picture


Wed, 02/12/2014 - 06:18 | 4427289 Disenchanted
Wed, 02/12/2014 - 07:03 | 4427321 negative rates
negative rates's picture

This author neglects to heed the bible, which states that, during the end times (which we are currently in) you do not want to be among elderly, sick, or poor masses. So go right ahead and project your findings, with the nasty stastics involved and lets play extend and pretend politics. 

Wed, 02/12/2014 - 07:26 | 4427342 BeansMcGreens
BeansMcGreens's picture

Oh you have got that right as the worst is yet to come with God's continuing judgement on not only the US, but the whole world. Politics are man's vain game.


As the old hymn says: "I'd rather have JESUS than silver and gold".

Wed, 02/12/2014 - 08:10 | 4427387 GetZeeGold
GetZeeGold's picture





Where is my new Obamaphone?


The one I've got is like 3 months old now.

Wed, 02/12/2014 - 10:01 | 4427629 Toxicosis
Toxicosis's picture

Why can you barter him for some bread and clean water.  He must be really special to do so.  Oh and good luck with that.

Wed, 02/12/2014 - 11:38 | 4427939 BooMushroom
BooMushroom's picture

Proverbs 21:20:

20 There is treasure to be desired and oil in the dwelling of the wise, but a foolish man spendeth it up.

Thu, 02/13/2014 - 04:05 | 4431487 merizobeach
merizobeach's picture

Fuck you and your fake jesus.

Wed, 02/12/2014 - 12:42 | 4428228 InflammatoryResponse
InflammatoryResponse's picture


Logan 5: what about Renewals?

Computer:  slience

Logan 5: are there renewals?

Computer:  silence

Computer: Identify

Logan 5 puts hand on gizmo, he looks at his palm flower and sees it is blinking.

Logan 5: it is Blinking, will I get the years back?

Computer: silence


in a nutshell   Logan 5 just got screwed.  now he has to run through a shopping mall with a pretty brunette, shoot a couple people and kill a robot and find an old guy.


Beloved Wife, Beloved Husband.





Wed, 02/12/2014 - 00:04 | 4426761 macholatte
macholatte's picture


No Worries.

The Final Solution: Obmacare Death Panels.

Wed, 02/12/2014 - 03:42 | 4427168 AldousHuxley
AldousHuxley's picture

do you reall want to live until 120 years old wearing diapers for 40 years, unable to hear or taste or see much, and 99.999% of your friends are gone, and even your grandchildren are "old"?


See japan's suicide statistics for 110+ year olds.


government should have a safety net for age 60-80....if you want a life after "natural" state of being, then pay for adult diapers and wipe your own ass!

Wed, 02/12/2014 - 08:02 | 4427373 Debt-Is-Not-Money
Debt-Is-Not-Money's picture



When Obama/Pelosi/Hillary care goes single-payer there won't be any "death panels" as the whole thing will be one giant death panel!

Thu, 02/13/2014 - 08:46 | 4431726 waterwitch
waterwitch's picture

Long soylent green.

Thu, 02/13/2014 - 00:31 | 4431185 BTFDemocracy
BTFDemocracy's picture

@TruthInSunshine - Bitcoin speculators can only dream of the Gov't picking up BTC to pay out pensions with.

Wed, 02/12/2014 - 07:50 | 4427363 new game
new game's picture

here today gone tomarrow. 270 million people fucked.

it is a 5.5:1 ratio of have nothing and deparate mofo's.

that is the clear pic, retina clear. see it and plan accordingly.

rural with fortress and 308's loaded protecting OR roaming like a wolf

and preying on sheeples...OR like germany 1943. not gonna be good.

all because of; drum roll, 1913 act of creation of the FED! fiat created with taxation 

without representation-evolving to PURE MOFO FACSISM!!!!!THAT IS REALITY...

Tue, 02/11/2014 - 23:29 | 4426652 Yenbot
Yenbot's picture

Next time you put your hand in the old man's pants pocket and feel the warm, hard .25 ACP he's packing, you'll know why wise youngsters respect their elders.

Wed, 02/12/2014 - 00:00 | 4426742 deflator
deflator's picture

Who puts their hand in the old mans pant pockets?

Wed, 02/12/2014 - 03:43 | 4427171 AldousHuxley
AldousHuxley's picture

gold diggers like Jackie O Kennedy.

Wed, 02/12/2014 - 08:06 | 4427376 Debt-Is-Not-Money
Debt-Is-Not-Money's picture



Mine is a .45 ACP.

Size matters!

Wed, 02/12/2014 - 13:25 | 4428410 wtf1369
wtf1369's picture

Was thinking the same. I don't want to put my hand in any man's pocket or feel a .25 acp. Neither sounds enticing in the least.

Wed, 02/12/2014 - 00:47 | 4426892 Radical Marijuana
Radical Marijuana's picture

Yeah, a theme in Snyder's articles that I observe is that he is following the path of THE MORE YOU KNOW, THE WORSE IT GETS! However, lately he seems also to be collapsing back to the bullshit that somehow "We Deserve It."

Climbing The Ladder of Awareness

By Paul Chefurka, October 19, 2012.

Wed, 02/12/2014 - 09:16 | 4427468 Sorynn
Sorynn's picture

Thanks for posting the article. 

It syncs well with me thinking about the 5 stages of greif as they apply to our broader societies.


I also appreciate the perspective of Outer and Inner methods of coping.  I am working on both fronts, being active in permaculture and seeking my own spiritual path as well.


Nice to see this sort of thing on zerohedge.

Wed, 02/12/2014 - 10:21 | 4427698 Spastica Rex
Spastica Rex's picture


Tue, 02/11/2014 - 22:40 | 4426482 Harbanger
Harbanger's picture

I had a hard time understanding pops.  For starters he's of the hippie generation that is now in power, so he's easy to blame.  I didn't get it until my 30's.  Then I understood that he was also a vitcim of the progressive/liberal agenda which has influenced and shaped our present condition.

Wed, 02/12/2014 - 06:23 | 4427291 Rafferty
Rafferty's picture

Much truth here. I'm a Boomer though not American and looking back I can see that we were all like microbes in a petri dish, naive subjects in the Frankfurt School experiment in social degeneration. Sure, we're all responsible for our own actions but it took me decades before the awful truth began to emerge.

Wed, 02/12/2014 - 08:00 | 4427371 new game
new game's picture

looking into the microscope I see odd microbes visiting ZH. Away from the cluster mutating to form a militia!  maybe darwin was spot on! only optimism i can offer today...

Wed, 02/12/2014 - 07:28 | 4427344 HardAssets
HardAssets's picture

Maybe we all 'could afford' our older loved ones . . . . . . if the value of 97% of all our earnings and savings hadn't been stolen through bankster inflation over the last 100 years ?  Not even including how much they stole in 'taxes' - just how much more would you have had for your own retirement and healthcare if you & your family had all that money back ?

The banksters always get the people to focus on the wrong thing . . . and fight among themselves.

Wed, 02/12/2014 - 08:30 | 4427419 topshelfstuff
topshelfstuff's picture

Oldest trick in the book = Keep one group of people angry at another group, including female against male...anyhow, you forget, your father has at least $250,000 accumulated in SS, at the very least (i ony used gross annual wages of $35,000). I said "at the least", since this money is supposed to have been collecting Interest the Math

and Medicare ain't "Free"..$100+ is taken out each month for Medicare, plus there's a Deductable and Co-Pays, and it costs another $100+ monthly to have Med Insurance, another $100+ a month for Prescription Ins, yet still have Deductables and Co=Pays...IOW, its about $5,000 a year out of pocket on Medicare

Wed, 02/12/2014 - 10:53 | 4427813 DanDaley
DanDaley's picture

You won't have to kill 'em...Obamacare will "take care" of 'em.  "Hey, Vinnie, this is a job for ya..."

Tue, 02/11/2014 - 22:30 | 4426432 Soul Glow
Soul Glow's picture

The dude in the pic is wearing sunglasses at night.  

What a d-bag.

Wed, 02/12/2014 - 08:33 | 4427420 de3de8
de3de8's picture

S Glow, thanks for early morning laugh.

Tue, 02/11/2014 - 23:13 | 4426604 No Warranty
No Warranty's picture

No, that would be the generation before them. Boomers are going to live to see oil become "precious" once again.

Wed, 02/12/2014 - 02:52 | 4427112 TahoeBilly2012
TahoeBilly2012's picture

The American Baby Boomer. The "Fonz" is a Jew! There is your future, thats right..the Winkler's are Jews, not Northern Italian's looking cool..... Picture it over and over and over. It may sink in yet.

Wed, 02/12/2014 - 06:23 | 4427292 Rafferty
Rafferty's picture


Wed, 02/12/2014 - 07:07 | 4427322 negative rates
negative rates's picture

You didn't build those machines.

Wed, 02/12/2014 - 11:16 | 4427877 DblAjent
DblAjent's picture

Uh, those who "went Galt" were the nonconformists, the movers, the shakers, the economy makers. And when the fascists restricted them and nationalized their innovations, they shut it all down and got out'a Dodge.

This upcoming generation resembles none of that, nor are they cut from a cloth with any thread of integrity, accountability, responsibility or motivation other than to coddle and serve themselves.

Wed, 02/12/2014 - 01:26 | 4426988 Rockatanski
Rockatanski's picture

Logan's Run!

Wed, 02/12/2014 - 01:30 | 4426999 TBT or not TBT
TBT or not TBT's picture

Logan's Run is the next iteration after Death Panels? I mean, what the hell, Atlas Shrugged has apparently been used as a how-to guide for our grinding tyranny. What's next?

Wed, 02/12/2014 - 08:07 | 4427378 new game
new game's picture

financial ruin and chaos into all out war. (repeat) 1942 to 2014-15 time frame. actually overdue.

The fed has prolonged this by creation of debt and mic to keep intact for last 20 years.

it will be epic i do say. wwIII and nowhere to hide...

Wed, 02/12/2014 - 10:42 | 4427768 Chaos_Theory
Chaos_Theory's picture

More like 1914 = 2014

just different geography

Wed, 02/12/2014 - 00:39 | 4426865 WillyGroper
WillyGroper's picture

@LTER LOL +100

Tue, 02/11/2014 - 21:58 | 4426315 boogerbently
boogerbently's picture

Remove the "cap", push retirement back to

If you're serious, remove illegals, students and Disability from the "pie".

Tue, 02/11/2014 - 22:21 | 4426404 FreedomGuy
FreedomGuy's picture

Remove collectivism from America, disempower statism. Yawn! All problems solved. All generations can be friends. Immigrants can be welcomed, once again. Students actually have to take out their own loans and pay them back.

Tue, 02/11/2014 - 22:33 | 4426451 boogerbently
boogerbently's picture

I'm sorry.

I thought we were looking for REALISTIC solutions.

You know, ones that actually HAVE a chance in HELL of being implemented.

Tue, 02/11/2014 - 23:03 | 4426568 pods
pods's picture

There is no solution that does not involve a whole lot of suffering. 

A whole lot.

We cannot even default on all our debt and come close to fixing this thing.  

17 Trillion versus 200+ Trillion (and growing by the second)?  

Doesn't matter what they want to implement, it is going to crash.  And burn.


Wed, 02/12/2014 - 02:10 | 4427067 TBT or not TBT
TBT or not TBT's picture

Skynet could gain consciousness and decide our fate instead.

Wed, 02/12/2014 - 05:42 | 4427257 Dr. Sandi
Dr. Sandi's picture

Who says it hasn't?

Wed, 02/12/2014 - 08:10 | 4427388 new game
new game's picture

a whole lot!!!!!!!!!!!!!!!!!!!!!!!

Mon, 02/17/2014 - 14:30 | 4445242 FreedomGuy
FreedomGuy's picture

I was re-reading your post. I assume you are talking about unfunded liabilities along with debt. Your point is subtle but very true. If you waved a magic Fed wand and eliminated the entire debt today it would reappear very quickly. The underlying economic mismatch of outlays versus revenues is still there and still accelerating

This is why I stand by my assertion that collectivism has to be defeated. All other solutions are temporary.

Tue, 02/11/2014 - 23:01 | 4426570 FreedomGuy
FreedomGuy's picture

Actually, you need to read up on current events. They already have raised the Social Security age for collection. The problem is that this is actually not the same as changing the retirement age. You will have a gap now between retirement and SS collection. This will simply create a new problem with new government interventions, particulary given the small to nonexistant savings most boomers have at this point.

You can implement all the government solutions you want. They just change the nature and usually increase the size of the problem. First rule of government is that all problems caused by government require more government which is to say more government power and money.

Wed, 02/12/2014 - 00:19 | 4426820 Miffed Microbio...
Miffed Microbiologist's picture

"This will simply create a new problem with new government interventions, particulary given the small to nonexistant savings most boomers have at this point."

I think I know the answer to this. They are hoping a significant number will simply die without collecting benefits. I am amazed how incredibly unhealthy the boomer generation is compared to their parents. Massive amount of diabetes and it's complications. People on over 25 different meds. Healthcare costs alone will quickly eat away any retirement. The cost is so great it's impossible to save enough. I've read it is now recommended to have over $200k saved just for healthcare costs alone when someone retires today! The math doesn't work. So the only choice is to deny care or rob from others to pay for it. Frankly, I'm betting they do both.


Wed, 02/12/2014 - 00:29 | 4426844 boogerbently
boogerbently's picture

 "the only choice is to deny care or rob from others to pay for it."

You just defined obamacare !

Wed, 02/12/2014 - 02:35 | 4427098 zhandax
zhandax's picture

@ pods  "There is no solution that does not involve a whole lot of suffering."

Actually, there is no solution that does not involve a whole lot of discipline, which is a a much harder sell.  There is such a thing as short-term suffering.  There is no such thing as short-term discipline.

Wed, 02/12/2014 - 07:47 | 4427356 Tortfeasor
Tortfeasor's picture

There is such a thing as short-term suffering. There is no such thing as short-term discipline.

I'm quoting that from now on.

Wed, 02/12/2014 - 00:37 | 4426868 FreedomGuy
FreedomGuy's picture

You may be right. However, the key is to have boomers die BEFORE they collect Medicare and even SSecurity.

Frankly, it should be worrisome to seniors when it is beneficial to the State that you die immediately upon turning 65...unless you are  wealthy net taxpayer, still.

It is still a probem of collectivism.

Wed, 02/12/2014 - 01:03 | 4426927 Professorlocknload
Professorlocknload's picture

Sign at the Forest Service ranger station. "Please don't feed the wild animals. They will become dependent and not learn to fend for themselves."

Statism is not the natural order of things. As you say, it should be dropped now, but too many voting animals rely on it now.

Of course, in the end, nature reverts, then the State must pretend to feed us, and we pretend to be fed.

Wed, 02/12/2014 - 02:13 | 4427068 FreedomGuy
FreedomGuy's picture

The old Soviets used to have a saying, "You pretend to pay me and I will pretend to work."

Wed, 02/12/2014 - 00:45 | 4426890 WillyGroper
Wed, 02/12/2014 - 00:23 | 4426827 boogerbently
boogerbently's picture

Not if you don't "retire" until you can "collect".


Wed, 02/12/2014 - 00:39 | 4426875 FreedomGuy
FreedomGuy's picture

You go find companies that will let you work and pay benefits till age 70 which is the eventual Social Security retirement age. Unless you are the owner or CEO this will not happen. If you have a physical trade you simply cannot work till that age, nor do you want to waiting for your government handout.

Wed, 02/12/2014 - 00:46 | 4426894 WillyGroper
WillyGroper's picture

They start canning people in their 40's.

I know a lady that was 2 count'em 2 days away from a full pension & they poked her right square in the whiskers. She could have poked right back by calling in sick & didn't. Too much integrity. With psychopathic serpents.

Wed, 02/12/2014 - 02:19 | 4427074 FreedomGuy
FreedomGuy's picture

I feel for you, Willy. If I had to do my life over I would work for myself, never a large corporation.

I am a free market, no government guy. Having said that I firmly believe most CEO's and upper level management are assholes. The founders tend to be the only decent ones and after them come the "professionals" with their degrees from Wharton and Columbia. They do work hard and the simplistic answer to every problem is to work more hours and cut things. They often do not even know or like their business as they were not a part of creating it.

 This is actually the problem when your life is in the hands of others. Government is ten times worse and even less caring than these corporate psychopaths.

Wed, 02/12/2014 - 08:15 | 4427397 new game
new game's picture

do you think the .001 percenters are discussing this situation only from a totally different point of view?

Wed, 02/12/2014 - 14:24 | 4428734 WillyGroper
WillyGroper's picture

I left the jack booted corporate gulag in 2012 after a life changing event knowing full well I was too young & would probably never receive a dime that I paid in to the ponzi. I was raised with the skills of a parent that grew up in the depression that should serve me well in survival. I have no doubt at some point I'll scratch out my daily bread from the dirt as my grandmother did & that's OK. It's really the only way I feel/sense that there is a creator amongst the rampant evil taking place. 

The things I witnessed in corporate were unbelievable. Banksters & the tribe will grow a conscience before I submint myself to that kind of indignation & moral degradation again. 

Wed, 02/12/2014 - 22:47 | 4430889 FreedomGuy
FreedomGuy's picture

I wish you well, Wily. Not all businesses and business people are bad, but they are self centered and I believe that corporate power corrupts similar to government power only at a lower level.

I may yet ditch the whole material thing to be free. However, I bought a new small sports car and I love to race on weekends and do road trips. A part of me, though thinks I could be happy wearing a straw hat and painting old boats on a beach somewhere with just enough to survive on. Simplicity has an elegance and attraction that is undeniable.

Tue, 02/11/2014 - 21:55 | 4426301 boogerbently
boogerbently's picture

NEVER any talk about "running out of money" for Welfare !?!?!

Tue, 02/11/2014 - 21:58 | 4426318 LetThemEatRand
LetThemEatRand's picture

Welfare -- funded by the middle class -- is to prevent revolution.  We are paying for it, they (the .001%) benefit from it.  

Tue, 02/11/2014 - 22:28 | 4426436 Harbanger
Harbanger's picture

Welfare for the FSA and corporate friends of politicos imposed on the middle class, you twitch.  You personally ain't paying for shit, you still benefit.  You're still hoping that this eutopian progressive dream may work out for you.  I'm here to tell you that you are wrong and you will be drawn and quartered.

Wed, 02/12/2014 - 03:07 | 4427121 zhandax
zhandax's picture

Let's put an end to this charade right now.  None of us are paying for it, not you, not me, not Jamie, not Lloyd, not the chairman of Exxon.  None of us make enough.  The banksters are creating it out of thin air and telling us we owe them, and pols say, "Sure".  A pallet of rope, and the problem is solved.  But that rope has to include every last douchebag in congress as well, cause they won't willingly give up their bribes or the ponzi scheme those bribes support.

Wed, 02/12/2014 - 06:31 | 4427296 Rafferty
Rafferty's picture

That's the whole's NOT being paid for.

Wed, 02/12/2014 - 08:17 | 4427400 new game
new game's picture

it will be paid for in red stuff that flows when life ends...

Wed, 02/12/2014 - 09:08 | 4427458 James-Morrison
James-Morrison's picture

The beauty of kicking the can is: You Live to Kick Again.

We all know how that ends...

Wed, 02/12/2014 - 18:29 | 4429948 Lost Word
Lost Word's picture


Wed, 02/12/2014 - 00:39 | 4426869 UselessEater
UselessEater's picture

Spot on Rand. Financial culling by any means as long as its a slow-burn so not enough notice by too many too quickly.... picking at the fringes first so the rest sound like complaining fringe extremists.......

I kinda like Catherine Austin-Fitts descriptor 'slow-burn' explains why its possible to distract the 99% and soak 'us' with the promblem-reaction-solution formula a thousand times over e.g. global warming problem / UN Agenda 21 solution; terrorism problem / capital controls and biometric security controls solution; naughty tax cheats / OECD global tax regime based on FATCA; TBTF / bail-ins to be legislated for a plethora of financial institutions; competition /stress tests that fail banks yet to gobbled up; poor GDP and CAD / TPP and TTIP for transnational corp growth and demise of local companies competing...........

fortunately here in Aust we're heading towards Chinese overlord technocrats so we know our masters, in Zim decades ago it was a confusing toss up for..... about 5 min

(to the ZH'r who doesn't understand sarcasm, my head doesn't fit in a kangaroo pouch its far too big -but a Joey does)


Tue, 02/11/2014 - 22:02 | 4426339 Soul Glow
Soul Glow's picture

Be upset that your future tax revenues are keeping the banking system afloat, only costing $85B/month.

Tue, 02/11/2014 - 22:01 | 4426327 Harbanger
Harbanger's picture

You will drawn and quartered Lola.  Go fuck yourself.

Tue, 02/11/2014 - 22:03 | 4426338 LetThemEatRand
LetThemEatRand's picture

Personal failure who preaches personal responsibility says what?

Tue, 02/11/2014 - 22:05 | 4426344 Harbanger
Harbanger's picture

Say what loser?  All I said is you will be drawn and quartered.  That''s the truth.

Tue, 02/11/2014 - 22:07 | 4426348 LetThemEatRand
LetThemEatRand's picture

I thought you admitted before that you are a personal failure?   Like most Randites who blame everyone but themselves for said failure while preaching personal responsibility.

Tue, 02/11/2014 - 22:12 | 4426372 Harbanger
Harbanger's picture

Your thoughts are your personal projections sweetie.  You know what I really think about you.

Tue, 02/11/2014 - 22:22 | 4426409 zaphod
zaphod's picture

The easiest solution (considering the boomer voting bloc) is to turn all young people into debt serfs. Two generations of government education to love the state will make millenials ready and accepting.

Oh wait, the government has already sucessfully implemented this. There problem solved. 

Tue, 02/11/2014 - 22:48 | 4426512 Harbanger
Harbanger's picture

Their problems have just begun as the idiots they created are easy to sway.  The only thing besides gold that stands the test of time is ____.

Wed, 02/12/2014 - 08:18 | 4427404 new game
new game's picture

lust for all that gold.

Tue, 02/11/2014 - 23:44 | 4426701 Ignatius
Ignatius's picture

"lola" and "sweetie"

When angry you project a homo-erotic-violence frustration fantasy.

Not that there's anything wrong with that, of course.

Tue, 02/11/2014 - 23:51 | 4426715 LetThemEatRand
LetThemEatRand's picture

Harbanger owns a collection of ball gags*, I have no doubt.  Where's the gimp?  He's sleeping.  Well, better wake 'im up.

*His only remaining asset after his personal failure for which he blames everyone but himself.

Wed, 02/12/2014 - 00:17 | 4426802 Harbanger
Harbanger's picture

Right now you are feeling empowered by the current state which is in collapse.  I know you, you have no courage or conviction, you're only looking out for your own sorry ass.  During the conflict and hardship which is inevitably coming, you will be drawn and quartered by your neighbors, this I know and predict for you.

Wed, 02/12/2014 - 00:33 | 4426850 LetThemEatRand
LetThemEatRand's picture

You have issues.

Wed, 02/12/2014 - 00:38 | 4426872 Harbanger
Harbanger's picture

You're projecting again sweetie.  I have truth to tell.

Wed, 02/12/2014 - 00:40 | 4426876 LetThemEatRand
LetThemEatRand's picture

By the way, congrats on getting authority from central command for being able to use the F word.  I can only imagine the paperwork.

Wed, 02/12/2014 - 00:52 | 4426901 WillyGroper
WillyGroper's picture

Assuming he's a he instead of she.

Wed, 02/12/2014 - 00:57 | 4426922 Harbanger
Harbanger's picture

Listen Willy, all you need to know is that when you think you won, you lost.  Keep this in mind.

Wed, 02/12/2014 - 01:13 | 4426953 LetThemEatRand
LetThemEatRand's picture

Yellen quotes for $1, Alex.

Wed, 02/12/2014 - 01:25 | 4426985 Harbanger
Harbanger's picture

I'm waiting for a sign-off from my corporate boss.  I work part time for the Koch brothers who run the gov and tell Obama what to say.  The bastards cut my hours to avoid obamacare, times are tuff, I need to feed my family.  I'll get back to you in 10-15 minutes.

Wed, 02/12/2014 - 01:39 | 4427011 LetThemEatRand
LetThemEatRand's picture

You hit all of them with that.  Bonus for ChinaBot.   Faber would pay better, though.

Wed, 02/12/2014 - 01:44 | 4427017 Harbanger
Harbanger's picture

I like to please Lola.  Sweet dreams.

Wed, 02/12/2014 - 01:51 | 4427032 WillyGroper
WillyGroper's picture

I'm sorry, I didn't realize this was a competition.

Please enlighten me on just exactly what it is that I lost as I never assumed I won anything, nor was my response to you. 

Need a little attention?

Wed, 02/12/2014 - 00:10 | 4426779 UselessEater
UselessEater's picture

Financial Culling. No wonder we have bubble after bubble ready to pop right about now - its starting to make sense. Let the masses grow the wealth then let the powers that be strip it before the uselesseaters who made it can use it. Sure some benefitted but that was the system they were growing up in and working with the time. Saw it in Zim, seeing it in Oz.... pricks like Kissenger couldn't leave us alone no matter where I went - on behalf of others, he did untold damage to the average soul in Zim and told the "greatest" treasurer Keating in Oz how to lip sync "the recession we had to have" while floating our dollar and selling our gold for pennies.... and more such BS fed to Fabians in Canada, Europe, etc and you're totally right we can't get the youngsters to switch off the mass media crap and switch on their minds - thank you Tavistock harlots, job freaking well done.

Wed, 02/12/2014 - 02:06 | 4427055 Gold Eyed Cat
Gold Eyed Cat's picture

Yes, yes.  The human-shaped dung beatles running around calling themselves young adults today are nausiating. However, this article is hilarious.  Michael Snyder's very first fact (in his list of 22) is, "Right now, there are somewhere around 40 million senior citizens in the United States.  By 2050 that number is projected to skyrocket to 89 million."  

Micheal thinks in 2050 this will still be the United States of America, and healthy seniors will actually be allowed to live.  Isn't that just adorable!  So cute.


Wed, 02/12/2014 - 04:32 | 4427205 Omen IV
Omen IV's picture

The US has "no" debt problem - it ony has a foreign policy problem and a MIC problem which is one trillion a year with an accumulated debt of $16 trillion all due to the wars from Korea to Vietnam to today coupled with useless wasting MIC assets -- add it up - all a waste of men and money. as reported in ZH today:

U.S. foreign policy is aggressive, reckless, belligerent, and meddling. It sanctions the destabilization and overthrow of governments, the assassination of leaders, the destruction of industry and infrastructure, the backing of military coups, death squads, and drug traffickers, and imperialism under the guise of humanitarianism. It supports corrupt and tyrannical governments and brutal sanctions and embargoes. It results in discord, strife, hatred, and terrorism toward the United States........and costs money!

Change the game -  the Swiss make money AND take care of their people - but they dont murder people endlessly around the world for profit

try thinking thru the propaganda - the real cause and effect

Wed, 02/12/2014 - 08:26 | 4427409 new game
new game's picture

correct. only ends with defeat, which means an all out last stand. where and when, but no why.

Wed, 02/12/2014 - 12:01 | 4428021 Real Estate Geek
Real Estate Geek's picture

So you're saying that the US Navy ISN'T a "global force for good?"

Wed, 02/12/2014 - 13:55 | 4428581 Ace Ventura
Ace Ventura's picture

"...the Swiss make money AND take care of their people..."

The Swiiss are also exceedingly vigilant about their demographics. That is to say, the Swiss would do no better than us if they had allowed their country to multi-culted into national suicide. This is why leftists love to throw out the Swiss and nordic peoples as good examples of how 'collectivism/socialism' can work. What they fail to take into account is those nations' native demographics have not been crushed by multiculturalism........yet.

"....but they dont murder people endlessly around the world for profit."

Of course they don't. That's because Bankster HQ is located there and they own various MICs around the planet who do that sort of wet-work for them. So you're half-right.....the US problem is in large part associated with foreign policy and the MIC. But we can't pretend the $200+trillion in unfunded social program liabilities isn't part of the problem. Actually, those two factors are but enabled-symptoms of the REAL problem:

The God-forsaken hellspawn abomination that is the federal reserve system.


Tue, 02/11/2014 - 21:47 | 4426274 DaveyJones
DaveyJones's picture

don't worry, they're not going to stop social security payments. They'll just start them at 93

Tue, 02/11/2014 - 21:50 | 4426294 LawsofPhysics
LawsofPhysics's picture

Correct, long after you died.

Tue, 02/11/2014 - 21:59 | 4426329 Never One Roach
Never One Roach's picture

I'm not worried as long as cheap labor keeps flooding into the country.  Soon, a "helper" or "caretaker" will cost less then $3/hour to cook, shop, run your bath for you and rub your back ... and that's for a 'legal' one.

See, there's a 'silver lining' to massive immigration.

Tue, 02/11/2014 - 23:07 | 4426522 Harbanger
Harbanger's picture

That's the short sighted progressive dream that will destroy them and their progeny.  People don't understand liberty and maybe they don't deserve it.  I can spin my energy on a dime and become the most statist good willed bastard the world has seen.

Tue, 02/11/2014 - 23:51 | 4426718 Harbanger
Harbanger's picture

Destroy your sovereignty, minds and culture so I may have my day in the sun, you godforsaken cattle.

Tue, 02/11/2014 - 23:52 | 4426722 LetThemEatRand
LetThemEatRand's picture

That was an awesome take down on yourself.  Or was it just an awesome ratification of how right you are, by yourself?  Either way, awesome.

Wed, 02/12/2014 - 00:00 | 4426755 Harbanger
Harbanger's picture

I only witness what is.  Your ideology is destroying you, it's evident.  You win the booby prize!  God Bless.  Be safe.

Wed, 02/12/2014 - 01:02 | 4426929 WillyGroper
WillyGroper's picture

Destroying sovereignity is the plan. How much longer do you think Europe can continue?

The HMFIC's are stateless, shielded & guarded to the max & not by some piddly gated community.

Wed, 02/12/2014 - 01:38 | 4427013 Harbanger
Harbanger's picture

Western Europe is owned as booty by the winners of WWII Willy. Get with the program.

Wed, 02/12/2014 - 01:55 | 4427039 WillyGroper
WillyGroper's picture

Who do you thing owns the USSA?

Or did you miss that class?

Wed, 02/12/2014 - 02:07 | 4427058 Harbanger
Harbanger's picture

Whoever has the balls to claim it.  The tribe? the koch bros.? I don't know what answer you are looking for?

Wed, 02/12/2014 - 01:48 | 4427026 UselessEater
UselessEater's picture

I'm confused - you're most likely not one of the top 85 people... therefore no day in the sun forthcoming for you above us.... wrong time to choose superiority over up-chucking B.S. with a few others in the wings.... perhaps I mis-understood you but I don't like humans turned to sheeple - they can enjoy their illusion and insult me for pointing it out (as they do) .... my guess; you paraphrased Cecil Rhodes quite well; perhaps dramtic irony will let us tag the small in-bred-revolving-cattle-breeds that are hogging our lands and pastures....wish I had a clue how to make the dosh TPTB are sniffing up - I see  refined white powder with specks of gold under the noses of so many important banksters.... wonder if its their day in the sun... wonder what what follows for these useful idiots? Suicided-disease seems to be catching on like mad-cow disease.

Wed, 02/12/2014 - 01:59 | 4427045 Harbanger
Harbanger's picture

Nothing to gloat over, potential snitchers are being suicided.  Day in the sun will come when the illusion crumbles and we again believe what is true.

Tue, 02/11/2014 - 23:01 | 4426563 DaveyJones
DaveyJones's picture

assuming the dollar doesn't lose all its value

Wed, 02/12/2014 - 02:21 | 4427079 Clowns on Acid
Clowns on Acid's picture

Minimum wage is 10.10/hr as per Barry Mugabe. He can do whatever he wants to do because Google and Facbook CEO's conspired to have him re-elected President.

Wed, 02/12/2014 - 00:19 | 4426809 AGuy
AGuy's picture

"don't worry, they're not going to stop social security payments.They'll just start them at 93"

Nope. too many votees depending on SS. They will do what they already started doing. Print print, print!


Wed, 02/12/2014 - 01:22 | 4426977 Two Feet Studs Up
Two Feet Studs Up's picture

With all due respect, you're off your fucking rocker if you believe SS will be around in its current form 30+ years from now.

Tue, 02/11/2014 - 21:48 | 4426277 LawsofPhysics
LawsofPhysics's picture

This is the direct result of the progressive "everyone's a winner" bullshit.  No, the reality is that differenent people are capable (if they work hard) of different things.  Some people simply don't have the ability, period, fucking accept it and move on.  Guess what folks, the earth has a very real carrying capacity, deal with it.  Moreover, some genes are simply bad and while it sucks, propagating the weak will only lead to devolution...




Tue, 02/11/2014 - 21:53 | 4426295 LetThemEatRand
LetThemEatRand's picture

I get what you're saying, but the "progressives" who taught "everyone's a winner" were merely responding to the fact that everyone was during the easy money days of the '80's.  All you had to do was buy a house and watch it increase in value.  Buy some stocks, watch them soar.  Spend on credit because your portfolio is increasing faster than your interest, and it will always be so because that's your experience.   It was a trap.  Blame them for being game to feed the hunter (the Fed et al).

Tue, 02/11/2014 - 21:56 | 4426304 LawsofPhysics
LawsofPhysics's picture

"Blame" is irrelevant.  Some will survive, some will not.

Same as it ever was...

Tue, 02/11/2014 - 21:57 | 4426312 LetThemEatRand
LetThemEatRand's picture

So the winners keep the spoils from their debt ponzi theft racket?  Same as it ever was, indeed.

Tue, 02/11/2014 - 22:03 | 4426331 Grande Tetons
Grande Tetons's picture

Ahhh..sometimes the spoils are not what they are cracked up to be. Case in the photo above article...which person would you proud to say is your child? 

Taking the bottle away from the drunk is easier than cleaning the mind of sociopath. 



Tue, 02/11/2014 - 22:53 | 4426529 DaveyJones
DaveyJones's picture

I'd rather have a free bottle in front of me than a pre-frontal lobotomy - T. Waits

Wed, 02/12/2014 - 00:56 | 4426921 Bananamerican
Bananamerican's picture

Or as my aunt Mae used to say..."I'd rather have an act of history than a historectomy"

Tue, 02/11/2014 - 22:07 | 4426354 F.A. Hayek
F.A. Hayek's picture

Sounds eerily familiar to today, doesn't it? Obama and his equal outcome army will only magnify the problem.

Tue, 02/11/2014 - 21:54 | 4426297 Cacete de Ouro
Cacete de Ouro's picture

222 : everywhere I go, people always remind me

Why did I deserve 222?

777 ranch sure....but 222?

Tue, 02/11/2014 - 21:52 | 4426298 Shizzmoney
Shizzmoney's picture


People tend, for instance, to buy houses at about the same age — age 31 or so

Will this happen for my gen (millenials)?

Fuck no!


Tue, 02/11/2014 - 22:11 | 4426369 Surging Chaos
Surging Chaos's picture

I hear you man. We millennials are not going to be running out to buy houses as long as the Fed continues ZIRP and buying up MBSes to keep housing prices artifically high.

Do NOT follow this link or you will be banned from the site!