This page has been archived and commenting is disabled.

Dear Future American Generations, You Are Screwed

Tyler Durden's picture


Faith that the future will be better than the present is slipping, as despite President Obama's demands that Americans not be "cynics," a new report shows there is a major lack of confidence that the next generation will have it better than the last one. As WSJ reports, most strikingly, only 16% of respondents agree that job and career opportunities will be better for the next generation than for their own – a drop from the 56% who were optimistic about this measure in 1999 and down even from the 40% who agreed in November 2009, well into the recession.



As WSJ adds,

In addition, a majority of those surveyed believe the recession permanently altered economic conditions in the U.S.


The numbers, while measuring individuals’ feelings rather than more objective measures such as employment or income, paint a picture of a workforce scarred by personal experience with unemployment or close proximity to others who suffered.


And despite more than six consecutive months of companies adding 200,000 or more jobs, workers are still pessimistic about their prospects for finding decent work. “Only 20 percent of currently employed work­ers feel extremely or very confident they could find another job if they were laid off,” the researchers found.

*  *  *


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 08/29/2014 - 15:26 | 5159888 Caveman93
Caveman93's picture


Fri, 08/29/2014 - 15:41 | 5159941 Shocker
Shocker's picture

No Comment Needed

Current Layoff / Business Closing List:


Fri, 08/29/2014 - 15:53 | 5160002 El Oregonian
El Oregonian's picture

Cynics? Wouldn't you think it is cynical to think people that see reality as real rather than illusionary as Barry tries to belittle actual realists?

Shame on those that call evil good, and good evil.

Fri, 08/29/2014 - 16:03 | 5160046 linniepar
linniepar's picture

Tyranny is right around the corner. Do not reject this message.

Fri, 08/29/2014 - 16:46 | 5160196 NotApplicable
NotApplicable's picture

Don't worry kids, there are ample job opportunites wiping the asses of the aging Boomers in your future!

If you're lucky, you might get promoted to drool-bucket duty.

Fri, 08/29/2014 - 17:42 | 5160363 Keyser
Keyser's picture

Shame on those that call evil good, and good evil.

It's called NEWSPEAK, just as Orwell so aptly named it... 

Prosperity will be something that future generations will study in history class and will wonder, WTF!!!

Fri, 08/29/2014 - 17:56 | 5160431 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

future generations will study in history class

Future generations will be able to get an education? How optimistic!

Fri, 08/29/2014 - 18:03 | 5160456 _disengage_
_disengage_'s picture

If you consider the trivium to be "an education", most/vast majority/almost everyone of the CURRENT generation wasn't able to get one.

Fri, 08/29/2014 - 18:57 | 5160658 Drunk In Church
Drunk In Church's picture

We've got some serious deleveraging ahead.  But I don't think we're screwed.  Shit just happens.  The ship will eventually right itself.

Fri, 08/29/2014 - 20:15 | 5160900 gtb
gtb's picture

You must be in church...

Sat, 08/30/2014 - 06:10 | 5161885 AldousHuxley
AldousHuxley's picture

Not just for Americans.....


China, India, Europe, Africa.....why do you even need humans?


But I hear unionized electricians make $150k/ year and retire with $70k/year pension at age 55 in California, so only the stupid and arrogant are screwed I guess.

Fri, 08/29/2014 - 18:32 | 5160569 A Nanny Moose
A Nanny Moose's picture

Job implies being paid. Nobody has any money.

Oh well. We'll always have fiat for TP

Fri, 08/29/2014 - 18:28 | 5160554 barre-de-rire
barre-de-rire's picture

i dont give a fuck about tyranny if it prevents niggers to loot each time a fucking monkey of them get killed coz he stole stuff before...



Fri, 08/29/2014 - 18:52 | 5160626 McCormick No. 9
McCormick No. 9's picture

Go wash your sheet, you racist, er, fascist fuck.

Fri, 08/29/2014 - 16:53 | 5160086 Shad_ow
Shad_ow's picture


deleted. wrong thread

Fri, 08/29/2014 - 16:39 | 5160168 KnuckleDragger-X
KnuckleDragger-X's picture

Fortunately I'm not cynical, I passed that point years ago....

Fri, 08/29/2014 - 18:34 | 5160583 Remington IV
Remington IV's picture

Is it still Bush's fault ????


I haven't received the memo yet

Fri, 08/29/2014 - 16:00 | 5160005 Gringo Viejo
Gringo Viejo's picture

Approaching expectancy and looking back, I suppose the military industrial complex made it's move when they killed Kennedy. But life was comforatable, right up to the end of Reagan's second term. I think full blown, out of the closet sociopathy took hold during the "moral relativism" of the Clinton years. The descent was remarkable. And it came about with the rise to power of my generation, the boomers. In hindsight, possibly the most selfish, narcisstic, repugnant group of shitheads America ever spawned.

Anyway, that's how I remember it.

Fri, 08/29/2014 - 16:11 | 5160069 GooseShtepping Moron
GooseShtepping Moron's picture

I don't put any stock in the JFK conspiracy theories, but +1 for a Boomer who can be self-critical.

Fri, 08/29/2014 - 16:18 | 5160096 TVP
TVP's picture

No conspiracies are needed, just a functioning brain to realize that the only two presidents in history who were hell-bent on returning the US monetary system to sound money (pegging the dollar to silver certificates in Kennedy's case) are the only ones who have ever had their brains blown out by magic bullets and lone nut assassins.  

Fri, 08/29/2014 - 17:05 | 5160173 Escrava Isaura
Escrava Isaura's picture


What you are telling us about JFK and Reagan are totally misleading.


By the way, you're right about the boomers.

Fri, 08/29/2014 - 19:15 | 5160711 starman
starman's picture

Escarva theres a blog for people like you ZH is not! 

Fri, 08/29/2014 - 20:49 | 5161032 Escrava Isaura
Escrava Isaura's picture


Check this out, indoctrinated fool:

On June 4, 1963, Kennedy signed Public Law 88-36, which marked the beginning of the end for even the $1 silver certificate. The law authorized the Federal Reserve to issue $1 and $2 bills, and revoked the Silver Purchase Act of 1934.


Then, Reagan filled the White House with the Technocrats/Socialists:

The Working Group on Financial Markets (also, President's Working Group on Financial Markets, the Working Group, and colloquially the Plunge Protection Team) was created by Executive Order 12631, signed on March 18, 1988 by United States President Ronald Reagan.


Then, the “Conservative Propaganda” of dumbing down the stupid Americans worked as planned, while Reagan runs the highest debt to GDP ratio EVER (288.5%). And mainly to the MIC:

1980 US Debt: $930,210


1988 US Debt: 2,664,392


To put US deficit into perspective: Obama would have to run a deficit of about $38 trillion dollars to match Reagan’s GDP ratio.



"All the perplexities, confusion and distresses in America arise not from defects in the constitution…, as much from downright ignorance of the nature of coin, credit, and circulation" John Adams, August 25, 1787.


So, do not feel bad of your ignorance. It was planned that way.

Keep regurgitating nonsense, if that makes you feel less ignorant… but make sure I am not around, because I am gonna rub it in your 'full of makeup' face.

Sat, 08/30/2014 - 15:32 | 5162848 Clowns on Acid
Clowns on Acid's picture

Escara - you know nothing. Wiki is not a valid reference. You are dumb, so either listen and read and get educated or just fuck off.

Sun, 08/31/2014 - 12:07 | 5164643 Escrava Isaura
Escrava Isaura's picture


Would care to supply your references?

Fri, 08/29/2014 - 17:22 | 5160310 RafterManFMJ
RafterManFMJ's picture


Yea man.

Go read Hit List by Belzer and get back to us.

Fri, 08/29/2014 - 20:36 | 5160995 ebear
ebear's picture

"Anyway, that's how I remember it."

The problem with personal experience is that it doesn't reach far enough into the past.

For example, prior to WWII it took only one income to achieve the standard of living that required two Boomer incomes.  If Boomers appeared more affluent, it was because both partners were working, and inflation hadn't yet reduced their purchasing power to the level of a one income family of the past.  Also, the post war revolution in manufacturing meant the jobs were there, and the markets hadn't yet reached saturation, so growth was still on.

So, was it selfish to take advantage of those conditions, or just human nature?  In other words, given the same conditions, would you expect today's generation to be more constrained in their outlook and behavior?

Sat, 08/30/2014 - 01:51 | 5161737 reset71
reset71's picture

Maybe people buy a bunch of shit they don't need now a days, then go around griping about inflation.  Trust me, I know about inflation.  But perhaps an average job today still buys what a job did "prior to WWII".  People used to buy one bedroom houses, or build there own, or live in an apartment.  They ate healthy, cheap, local food and in their free time they twiddled their thumbs.  People today just don't know how to handle money- even while being super rich in historical standards.  It's true that wages are going down as inflation is going up, but it isn't that bad, yet.

Sat, 08/30/2014 - 14:34 | 5162683 VWAndy
VWAndy's picture

Straight up BS. In my working time from 83 to now. Energy,food and taxes all went up. Wages are collapsing now aftrer thirty years of stagnation. Ask any small buis owner how his proffit margine is today compared to 2000.

Fri, 08/29/2014 - 21:07 | 5161092 August
August's picture

>>> full blown, out of the closet sociopathy took hold during the "moral relativism" of the Clinton years.

I perceived the same sea-change.  I wouldn't claim that Reagan-Bush and their predecessors were "better" presidents, but somehow they seemed more straightforward, even when engaged in unsavoury activities.

It remains completely accurate that never, never, at any time, was Mr. Clinton alone in the White House complex with Miss Lewinski.  Jeez... at least Yale Law can still teach an ambitious young pup how to lie....

Fri, 08/29/2014 - 15:54 | 5160007 ShrNfr
ShrNfr's picture us

Fri, 08/29/2014 - 15:55 | 5160020 Rainman
Rainman's picture humans are just now waking up to the fact that you've become slaves to the machines. Hilarious.

Fri, 08/29/2014 - 16:17 | 5160092 PAWNMAN
PAWNMAN's picture

Is hopelessness not the goal here. If people feel they have no other options, they are more likely to turn to the government for answers. Moar Sheeple!

Fri, 08/29/2014 - 20:16 | 5160905 Colonel Klink
Colonel Klink's picture

Laser like focus on destroying America, destroying our rights, the golf course, and Reggie's balls.

Fri, 08/29/2014 - 15:27 | 5159889 kchrisc
kchrisc's picture

Dear Future American Generations,

The Rothschild banksters and their violent puppets, government, stole your future.

Reclaim your future, guillotine them all.

An American, not US subject.

Fri, 08/29/2014 - 15:50 | 5159987 Kaiser Sousa
Kaiser Sousa's picture

just watch some pro athletes and sports...
and everything will be just fine....

Fri, 08/29/2014 - 15:57 | 5160024 Son of Loki
Son of Loki's picture

... just watch some pro athletes make $10 million a year, talentelss movie stars makes $20 million a year, bankers $40 million a year and politicans make somewhere in between and you'll be fine ....


...and then again, maybe you won't.

Fri, 08/29/2014 - 16:01 | 5160036 saltedGold
saltedGold's picture

Remember though, they get that money because people are willing to pay hundreds to sit in a stadium (or crappy theater) for a few hours.  I can't wait for the day when their salaries are impacted!

Fri, 08/29/2014 - 16:20 | 5160111 Greenskeeper_Carl
Greenskeeper_Carl's picture

Those people you describe will be the LAST groups of non banker/politician/lobbyists to see their incomes decline. Bread and circuses, remember? You average fat, dumb American is far more interested in that kind of shit than they are anything else.

Fri, 08/29/2014 - 17:24 | 5160314 Escrava Isaura
Escrava Isaura's picture


You wrote: “Your average fat, dumb American…”

Are you talking about the Baby Boomers, Generation-X, Millennials, or the Generation-Z?

Or, all of them?

Fri, 08/29/2014 - 17:06 | 5160249 10mm
10mm's picture

And the average sheeple who support them. 

Fri, 08/29/2014 - 18:31 | 5160564 barre-de-rire
barre-de-rire's picture

calm down, sit down, scratch ballz,  take doritos, drink budwizer, breath. you are american,  turn on tv & stfu

Fri, 08/29/2014 - 22:35 | 5161339 PrecipiceWatching
PrecipiceWatching's picture

And you are a clueless dumbshit.

Fri, 08/29/2014 - 15:27 | 5159890 Proofreder
Proofreder's picture

Without Astroglide

and No Kiss

Fri, 08/29/2014 - 15:27 | 5159891 Dr Strangemember
Dr Strangemember's picture

Looks like reality is setting in for masses.  But doesn't Hope and Change matter???

Fri, 08/29/2014 - 15:28 | 5159892 HamRove
HamRove's picture

Reset the shit already.

Fri, 08/29/2014 - 15:48 | 5159979 centerline
centerline's picture

You do know that the reset button also unleashes the zombie apocolypse?

Fri, 08/29/2014 - 17:24 | 5160320 RafterManFMJ
RafterManFMJ's picture

Not a problem; these 40 round PMAGs run fine.

Fri, 08/29/2014 - 19:48 | 5160803 Harbanger
Harbanger's picture

Wait, isn't Obama already doing everything possible to hit the US reset button as fast as he can?  What if it's part of his fundamental transformation plans?  He never explained exactly what that was. In a twisted way, he does always keep his promises.

Fri, 08/29/2014 - 17:55 | 5160419 Overfed
Overfed's picture

I say we just get it over with while we still have the means and the wherewithal to try and defend our families and provide for ourselves on the other end. Just like going to the dentist, the longer you put it off, the worse it's gonna be.

Fri, 08/29/2014 - 18:14 | 5160506 Miffed Microbio...
Miffed Microbiologist's picture

Unfortunately, they don't care about the dental abscess because they and theirs are not experiencing it. They win the longer they can keep this country operating on fumes. Then when the music finally stops, they have their escape plan in place. They know in the confusion the sheeple will be fighting among themselves for resources and they will slip away in the night like in Argentina. My hope is enough will keep their heads, nab them and bring them to justice. We need a strong leader to inspire the frightened masses and get them focused on the REAL causes of all this. We need someone who can put us on the path to rebuild this country. What frightens me is historically this is a dictator that steps up to this role. Caesar, Hitler, Idi Amin et al.

There are so many signs now this country could see a bloody purge and the free shit army pacifying pendulum will swing to a violent subversion.


Fri, 08/29/2014 - 15:30 | 5159902 NoDecaf
NoDecaf's picture

End the agony now...someone hit the reset button please.

Fri, 08/29/2014 - 15:30 | 5159903 reader2010
reader2010's picture

Men are not interested in truth because they are only interested in food, success and access to more pussies.

"The masses have never thirsted after truth. They demand illusions, and cannot do without them. They constantly give what is unreal precedence over what is real; they are almost as strongly influenced by what is untrue as by what is true. They have an evident tendency not to distinguish between the two."

— Sigmund Freud, Group Psychology and The Analysis of The Ego

Fri, 08/29/2014 - 15:37 | 5159929 IridiumRebel
IridiumRebel's picture

Not as eloquent as Mr Freud, but to the point, you both are spot on.

Fri, 08/29/2014 - 17:22 | 5160302 reader2010
reader2010's picture

Not really. He was calling for advertising industry to give the meanings of life to the masses in the age of capitalism. 

Fri, 08/29/2014 - 19:28 | 5160747 bunzbunzbunz
bunzbunzbunz's picture

Branded, bitch.

Fri, 08/29/2014 - 20:06 | 5160867 Harbanger
Harbanger's picture

"During a period of prolonged cocaine usage in the 1890s, Sigmund Freud developed a theory of human behavior which asserted that early childhood experiences, especially those of a sexual nature, are crucial determinants in later personality development. The theory first came to America as part of the sexual revolution in the early years of this century, then became attached to the liberal forces of nurture in the ongoing nature-nurture debate. When Hitler resolved that debate in Europe by permanently discrediting nature, he simultaneously drove many of Freud's supporters to America, where the theory finally evolved into a symbol of liberalism and humanism in the post-World War II period."

Freudian Fraud.

Fri, 08/29/2014 - 20:34 | 5160987 Ness.
Fri, 08/29/2014 - 21:02 | 5161074 flyingcaveman
flyingcaveman's picture

What the fuck does he mean by that?  You might as well just post some random Oprah quote.

Fri, 08/29/2014 - 21:06 | 5161090 Escrava Isaura
Escrava Isaura's picture


If I may:

“Religious ideas have sprung from the same need as all the other achievements of culture: from the necessity for defending itself against the crushing supremacy of nature.” Sigmund Freud


“America is a mistake; a gigantic mistake, it is true, but nonetheless a mistake”, because, in Freud’s views:

You can’t have a Republic when its citizens are ignorant.

Their governments leave most participants unsatisfied.

The (ownership system) are based in an untenable illusion.

Immorality, no less than morality, has at all times found support in religion.

Fri, 08/29/2014 - 21:21 | 5161138 August
August's picture

America is exactly what you expect to get when you turn Europeans loose on an "empty" continent.

We have met the Enemy and he is....

Fri, 08/29/2014 - 22:01 | 5161184 Escrava Isaura
Escrava Isaura's picture

How about the Spaniards from North, Central, and South America

And the blacks, from Africa?



Girlfriend, there are two America, remember?

This is how our “Founding Lawyers” divided it, capisci?

Sat, 08/30/2014 - 13:11 | 5162475 Overfed
Overfed's picture

Spaniards come from Spain, yaknow, in Europe. Idiot.

Sun, 08/31/2014 - 09:40 | 5163756 Escrava Isaura
Escrava Isaura's picture

That's right!

I was 'indirectly' referring that all came from the Spanish Empire that arrived in the Americas in 1492.

While the white Europeans 'Conquistadores' came in the 1600's.

Then, stolen their land.

Sun, 08/31/2014 - 11:37 | 5164567 Vin
Vin's picture

Throughout human history, land and resources were always taken by the powerful regardless of where they came from.  Land is never stolen, it's conquered.  So stop whining and use correct terminology.  There land was 'taken' by more powerful interests.

This is a fact of life around the world and is not just a European thing.  You're people were the losers.  Get over it.

Fri, 08/29/2014 - 21:59 | 5161223 Tapeworm
Tapeworm's picture

Freud's quackery has lasted only because of the idiotic nature of those that take him seriously as it fits so well with what is now called "Liberalism" in the present day USA.

Sat, 08/30/2014 - 15:24 | 5162822 Clowns on Acid
Clowns on Acid's picture

Yeh... fuck Freud and his mother...

Fri, 08/29/2014 - 15:55 | 5160018 Anarchy 99
Anarchy 99's picture

“The distance is so great between how we live and how we ought to live that he who abandons what is done for what ought to be done learns his ruin rather than his preservation; because a man who wants to make a profession of goodness in everything, is bound to come to ruin among so many who are not good…..

Niccolo dei Machiavelli (1469-1527)

Fri, 08/29/2014 - 16:20 | 5160103 Son of Loki
Son of Loki's picture

Food ... success ... way down on the list ....

Fri, 08/29/2014 - 17:08 | 5160261 10mm
10mm's picture

I will take food  only for 400 Alex. 

Fri, 08/29/2014 - 15:33 | 5159913 eddiebe
eddiebe's picture

Well we knew it had to get bad before people would demand actual change from their leadership. I just wonder if it's bad enough yet for that to happen, or whether there is even a chance for it to get better no matter how bad it gets or what we the people demand.

Fri, 08/29/2014 - 15:55 | 5160017 AustriAnnie
AustriAnnie's picture

It is the type of change that the people will demand that scares me...

Remember, "the people" had a hand in creating this mess.  The people wanted the consumer culture, the cheap gas, the plastic shit from China, the right to brag about how they voted for funding for this cause or that cause, or how they helped funnel money to this corporate interest or that corporate interest (depending, of course, on which side of the political aisle they fall on, and therefore which corporations they support).  Lets face it, most people who have gone to the polls have voted for funding special interests and the debt-fueled ponzi we have today.  

The average person will respond to this problem by demanding more money be thrown at whatever they believe will get them a bigger piece of the pie. And if they are afraid enough, they will demand that TPTB take away their piece of the pie, just to keep them safe.

Fri, 08/29/2014 - 17:35 | 5160352 Escrava Isaura
Escrava Isaura's picture


Your first and second paragraphs were pretty good, even that I have many questions about the second.

Anyway, on the third you wrote: “they will demand that TPTB take away their piece of the pie, just to keep them safe.”

Are you kidding us?

Or, would care to clarify it for us?

Fri, 08/29/2014 - 17:58 | 5160437 Overfed
Overfed's picture

Try and board an airplane or return over a border from Canada or Mexico. Hell, just drive near the Mexican border and visit a few Gestapo checkpoints.That will clarify it for you pretty well.

Fri, 08/29/2014 - 19:05 | 5160591 Escrava Isaura
Escrava Isaura's picture


Sorry, can’t connect "TPTB take away their piece of the pie" with Canada and Mexico boarders.

Would you care to clarify it for us, please?


Fri, 08/29/2014 - 19:56 | 5160827 Overfed
Overfed's picture

Holy fuck, you're stupid. Connect the goddamn dots!

Fri, 08/29/2014 - 21:08 | 5161094 Escrava Isaura
Escrava Isaura's picture

I got it!


Sat, 08/30/2014 - 02:00 | 5161746 reset71
reset71's picture

It means that people will use democracy to install a totalitarian government that promises to make things fair for everybody, instead of just letting winners win and losers lose.  The winners teach there kids how to win and the losers die out.  Unfortunately today, bleeding hearts can't tolerate losers going dieing out, so they insist on spreading the wealth around and keeping the borders porous.  The number of losers go up and up, the productive individuals become less and less effective at carrying the weight of society, the whole thing crashes. We had a good thing going in America (obviously we fixed problems on the way, i.e. slavery, etc...), but now bleedying heart hippy socialist idiots are in a race to blow it up.

Fri, 08/29/2014 - 22:06 | 5161245 Moustache Rides
Moustache Rides's picture

that's not quite true.. ppl were "shaped" to want that stuff by the brainwashing  advertising and popular media since the 50's.  On the other hand, the ppl were stupid enough to fall for it.

Fri, 08/29/2014 - 17:13 | 5160273 TheSecondLaw
TheSecondLaw's picture

I haven't read anywhere that  the sheeple sent any banksters or politicans to the guillotine during the Great Depression. It won't be any different this time.  Hoovervilles and soup kitchens and docile edurance of suffering. So it was, and so it will be.

Fri, 08/29/2014 - 15:38 | 5159932 himaroid
himaroid's picture

Future is gone. I reined in my horses years ago. Tear it down and build anew.

Fri, 08/29/2014 - 22:30 | 5161308 skeeterpi
skeeterpi's picture

Future is what you make it! People forget, or never were taught that the American Revolution began with 30% for it, 30% for the crown, and 40% who were indifferent. There is hope as long as I breath.

Fri, 08/29/2014 - 15:40 | 5159939 KidHorn
KidHorn's picture

The future of american youth is 'You had better be good at sales, IT or work in a medical field or you'll be lucky to get a job at McDonalds".

Fri, 08/29/2014 - 15:44 | 5159952 RattNRoll
RattNRoll's picture

You kids better Habla Espanol because Paco and Maria are shitting out babies year around so say hello to your competitors.

Fri, 08/29/2014 - 15:57 | 5160025 CHX
CHX's picture

Translate this into Mandarin and you're probably getting closer to the mark.

Fri, 08/29/2014 - 17:32 | 5160335 TBT or not TBT
TBT or not TBT's picture

Chinese american kids speak English, work hard in everything, pursue higher education at a high standard, and participate in capitalism.   Latino children on the other hand are, in sad proportions, destined to the FSA and bussed-in Dem voting rolls lifestyles.  

Fri, 08/29/2014 - 18:39 | 5160594 combatsnoopy
combatsnoopy's picture

"Chinese american kids speak English, work hard in everything, pursue higher education at a high standard, and participate in capitalism.   Latino children on the other hand are, in sad proportions, destined to the FSA and bussed-in Dem voting rolls lifestyles. "

Asians have a seriously high rate of unemployment.  Not just in Hawaii, it's also here in California. It's either that or displaced workers.

Fri, 08/29/2014 - 21:17 | 5161083 ebear
ebear's picture



Of course there are exceptions...


Fri, 08/29/2014 - 15:48 | 5159977 unplugged
unplugged's picture

fixed it:

The future of american youth is 'You had better be good at lying or criminal activities for if you are honest you are fucked.

Fri, 08/29/2014 - 15:39 | 5159940 Yen Cross
Yen Cross's picture

  You didn't create those "shovel ready" jobs...  

  LOTUS ~ Leprechaun Of The United States

Fri, 08/29/2014 - 20:41 | 5161014 Ness.
Ness.'s picture

Did you say leprechaun??  Shit, you must be talking about this dude.  "Give me da Gold!"


Fri, 08/29/2014 - 15:46 | 5159964 centerline
centerline's picture

Nothing to fear... my father-in-law says things always improve.  Always.  Jobs, money, standards of living, education, houses, cars... you name it!

Party on everyone.  Good times are right around the corner.  Can't ya feel it?

Fri, 08/29/2014 - 15:47 | 5159972 RattNRoll
RattNRoll's picture

Your father in law is afucking idiot.

Fri, 08/29/2014 - 15:55 | 5160022 centerline
centerline's picture

Realistically, I think deep down he realizes the world is screwed and can't bear to aknowledge it.  It also threatens his retirement, medical care, etc.

Massive cognative dissonance.  You can almost see it.

Love the guy - but damn... needs to be bitch slapped back into reality.  Hiding in your house getting all your news from the MSM is bad voodoo.


Fri, 08/29/2014 - 19:29 | 5160751 Everybodys All ...
Everybodys All American's picture

Don't feel too bad as he is not alone. When the financial and other major media keeps spinning the economic reality it's no wonder people are confused at the very least. I talk to people all the time and you will run into a far greater number of people who are still very much unaware of the economic crisis festering.

Fri, 08/29/2014 - 20:15 | 5160885 espirit
espirit's picture

But yet more people feel something is not quite right, very much like being unbalanced.

They can't pin it down, identify, or comprehend who /why / what the causation.

Mass hypnosis + confusion = likelihood ratio test failure = recipe for disaster.  

Fri, 08/29/2014 - 15:57 | 5160028 AustriAnnie
AustriAnnie's picture

He married the wife, was stuck with the in-law......

When times are so grand that all the father in law can afford to eat is cat food, he might change his tune.

Fri, 08/29/2014 - 21:25 | 5161143 August
August's picture

His father in law is Ray Kurzweil.

Fri, 08/29/2014 - 16:03 | 5160042 e_goldstein
e_goldstein's picture

My guess is your father-in-law is a boomer.

Fri, 08/29/2014 - 19:36 | 5160775 toady
toady's picture

Party on Wayne!
Party on Garth!

Fri, 08/29/2014 - 15:46 | 5159965 unplugged
unplugged's picture

fixed it:

And despite more than six consecutive months of LIES ABOUT companies adding 200,000 or more jobs,

Fri, 08/29/2014 - 15:46 | 5159969 The Phallic Crusader
The Phallic Crusader's picture

Well, at least the Social Security Trust fund is strong despite the efforts of eeeeevil right wingers to destroy it.


Fri, 08/29/2014 - 15:52 | 5160003 Truffle_Shuffle
Truffle_Shuffle's picture

Come on people...infinite fucking infinite.  Fo-eva!  

Fri, 08/29/2014 - 16:00 | 5160037 DOGGONE
DOGGONE's picture

The Public Be Suckered

See especially the fourth chart.
F___ the kids.

Fri, 08/29/2014 - 16:03 | 5160043 Pumpkin
Pumpkin's picture

You cut the leaches in government out of the equation, and this country would rebound immediately.

Fri, 08/29/2014 - 16:16 | 5160076 edifice
edifice's picture

I don't know, man... Probably 1/3 of the country works either directly or indirectly for the government. They would scream, en masse, "They took arr jerbs!!"

Fri, 08/29/2014 - 16:43 | 5160184 Proofreder
Proofreder's picture

You cut the leeches in the Banking business out of the equation and this country would begin to prosper immediately.

We the People would have more money.  And spend it.  Bankers just warehouse fiat$ presently.

Fri, 08/29/2014 - 16:52 | 5160208 silverer
silverer's picture

Yes, imagine half the tax revenue, nearly 1.5 trillion, back in the hands of private citizens?  Recovery on turbo, anyone?

Fri, 08/29/2014 - 19:37 | 5160781 bunzbunzbunz
bunzbunzbunz's picture

Would they spend it or save it? That is the question you have to answer before getting your recovery on turbo. Economies are zero sum + inflation. It's a velocity game. You want a "good" economy? Then you want money getting spent in circles - faster and faster. Lowering taxes only does that sometimes. Raising taxes only does that sometimes. Keeping taxes the same? Well....equilibriums formate everywhere, so the same is always bad long run.

Fri, 08/29/2014 - 16:07 | 5160063 world_debt_slave
world_debt_slave's picture

Wimpy philosophy

Fri, 08/29/2014 - 16:08 | 5160065 limacon
Fri, 08/29/2014 - 16:18 | 5160087 ekm1
ekm1's picture

That's what happens when Bank Lobby and Obama sidelined the real breadwinners, Pentagon and Neocons.


Inevitable poverty


Make no mistake about it:


Fri, 08/29/2014 - 16:18 | 5160095 I Write Code
I Write Code's picture

After ebola and ISIS come to the US and we start nuking our own cities in response and the total US population goes down to about 50,000, the survivors may find themselves comfortably living off canned goods and scrap for several generations.

Fri, 08/29/2014 - 16:25 | 5160126 unplugged
unplugged's picture

you left out Fukushima cesium, strontium, and plutonium

Fri, 08/29/2014 - 16:50 | 5160202 silverer
silverer's picture

What about the long term isotopes, like Thorium?  That one is still stalking would be inhabitants of Bikini Atoll, the first US hydrogen bomb test and other nuclear tests all the way back to the 1950's.  The natives still can't return to the island, because radioactive thorium, with a longer half life and still in the soil, is taken up by plants.  After months of eating the food, thorium builds up to problematic levels.  This is what the Washington elites just don't get: NOBODY wins a nuclear war.  You dumb bastards.

Fri, 08/29/2014 - 20:22 | 5160925 espirit
espirit's picture

Self Assured Destruction.

Google it, Wiki it, just understand it.

Fri, 08/29/2014 - 16:24 | 5160106 SillySalesmanQu...
SillySalesmanQuestion's picture

Stop lying to us and stealing from us, then we would'nt be so cynical.
The comments section here at ZH would'nt be near as popular, if we did'nt have cynicism, sarcasm, smarminess, snarkieness, witticism, and dark gallows humor that our Prez and government officials inspire us to write about three times a day. Perish the thought that us poor citizens might actually care about what our corrupt government officials have to say about anything these days...Time to roll the gulliotines!

Fri, 08/29/2014 - 16:23 | 5160121 foodstampbarry
foodstampbarry's picture

Hope & change bitchez.

Fri, 08/29/2014 - 16:24 | 5160122 Duffy Duck
Duffy Duck's picture

Don't worry gents - a new world war will make everything better.

I think Detroit will end up looking like something like how it was in the original Robocop, and let's be honest - at this point, that'd be an improvement.

Fri, 08/29/2014 - 16:25 | 5160125 TVP
TVP's picture

Future generations?

Student loans have already reached over 1 TRILLION, and millions have defaulted, having no source of income.  To keep this bubble from bursting, "student loan forgiveness" was introduced.  

Of course, "forgiveness" means twenty years of debt slavery plus interest, but hey that's dystopian language for ya.  


Fri, 08/29/2014 - 16:50 | 5160204 AustriAnnie
AustriAnnie's picture

Some people are going to be more "forgiven" than others......

Fri, 08/29/2014 - 17:32 | 5160344 RafterManFMJ
RafterManFMJ's picture

Hey Citizen!

Cannot pay your student debt? Fear not!

The Empire has a slot for you! Join the infantry or the new Homeland Security Forces and your debt will be forgiven for leal service!

Problem? Solution.

Fri, 08/29/2014 - 20:25 | 5160938 espirit
espirit's picture

@ Annie

I gave you a greenie because I get it.

Fri, 08/29/2014 - 16:30 | 5160136 Duc888
Duc888's picture



You guys worry too much.  Our future is in good hands.

Fri, 08/29/2014 - 16:37 | 5160140 Radical Marijuana
Radical Marijuana's picture

Without some series of combined technological and political miracles, then the foreseeable future will be more terribly tragic than we can fully imagine! Therefore, these kinds of opinion polls remind me of current polling results regarding the popularity of the President or Congress in general. Those public opinions are based on profound ignorance, in order for there to be any positive assessment left at all.

Our civilization operates through a social pyramid system based on enforced frauds, which engendered attitudes of evil deliberate ignorance. The only way that anybody can have any idealistic optimism towards the future is to continue to maintain those attitudes of deliberate ignorance, that enable them to continue to operate within the established social systems, which are based on astronomically amplified levels of backing up lies with violence, whose pattern has been the runaway "success" of enforcing frauds.

OPTIMISM IS BASED ON DELIBERATELY IGNORING THAT THERE ARE LIMITS TO BEING ABLE TO LIE TO OURSELVES, HOWEVER, WE HAVE BECOME SO GOOD AT LYING TO OURSELVES, THAT STOPPING DOING THAT APPEARS PRACTICALLY IMPOSSIBLE! That makes having any rational debates about our real problems, and how to resolve those problems in any better ways, practically impossible. Indeed, the overwhelming vast majority of people are easily able to continue to behave on the basis of evil deliberate ignorance towards their own real situation, because they have adapted for generation after generation to living inside of social systems based on backing up lies with violence.

ALMOST EVERYTHING OUR CIVILIZATION DOES IS BASED ON HUGE LIES ABOUT WHAT IT IS REALLY DOING! From an abstract point of view, it appears theoretically possible that human beings could learn to change the ways that they behave, however, from a practical point of view, the deeply entrenched systems of legalized lies, backed by legalized violence, will NOT allow that to happen. Since our society is actually controlled by enforced frauds, we are rushing at an exponential rate towards futures that the following two charts are probably presenting too optimistically, because the established social pyramid systems of those who lie, and those who believe those lies, are way too able to deliberately deny and ignore the basic facts:

The ONLY way that anyone can retain any idealistic optimism towards the foreseeable future during the 21st Century to continue to be able to ignore the basic facts, while believing that miracles will happen. That the overwhelming vast majority of people ARE able to continue to deliberately ignore the basic laws of nature, because they have adapted to living inside of a social systems fundamentally based on enforced frauds, wherein deliberately ignoring that every decision is being made on a FRAUDULENT basis is the standard operating procedure, and was relatively "successful," INSIDE THAT SOCIETY, for a long time ... BUT, without some combined technological and political miracles, then we are quickly arriving at the tipping points, where the trend of things going UP switch over to going way DOWN.

IN FACT, THE YOUNGER YOU ARE, THE MORE YOU ARE BEING LIED TO, CHEATED AND ROBBED BY THE POLITICAL SYSTEM THAT YOU WERE BORN INTO! However, the vast majority of young people only are dimly aware of that, mostly in an intuitive way, while their personal "success" continues to be based on attempting to find some ways to continue to live within the established systems of enforced frauds, which are destroying their real future options at an exponential rate.

Fri, 08/29/2014 - 17:43 | 5160382 centerline
centerline's picture

RM - great post - as always.  What you are pointing out is the simple truth that exists at the very core of what is going on.  Systems of lies always fail.  Truth always wins.  The amount of pain is dictated by the energy exerted attempting to deny the truth. 

(in our case "energy" as a term can even be taken as fossil fuels).

Take care...

Fri, 08/29/2014 - 20:40 | 5161005 Radical Marijuana
Radical Marijuana's picture



"Systems of lies always fail.

... The amount of pain is dictated by the energy exerted attempting to deny the truth."

Fri, 08/29/2014 - 16:39 | 5160167 JuliaS
JuliaS's picture

An instructor at school told my group long while ago: We used to talk about future generations being screwed for whatever reason. Gladly I no longer have to relay the boring old message. I'll put it differently. You are screwed! You are "those children".

Fri, 08/29/2014 - 21:17 | 5161119 Escrava Isaura
Escrava Isaura's picture

Thought you might find this post interesting:


By Ezrydermike:

July 22, 2014 at 8:12 pm

It’s hard for me to convey meaning in this blog format and my intermittent access to it.

My initial response was to Ron’s original blog. I went to look at some of the web pages I have bookmarked and I stopped by at truthout first and the linked article was right there. Seemed a bit amazing as it is very similar to Ron’s post.

I am not a newbie wrt to the topics brought up here and it isn’t shocking. Disturbing to say the least but not shocking.

I am a single parent. My daughter’s mother is out of the picture with substance abuse issues. I have raised my daughter from day one essentially by myself.

She is well grounded and a very good person. She understands and is knowledgeable about many resource topics including peak oil / resources. She has a good understanding of the shit storm we are experiencing.

I meet with her and some of her close friends about once a month to discuss stuff. We call this our roundtable. This is a great group of kids. I am trying to help them.

This kind of started with this list of things I told them might be useful to learn about.

Gardening – food. Urban gardening. Permaculture

Wild food recognition and harvesting

Medicinal plants – recognition, harvesting and use

Food preparation and storage. Canning, curing.

Making beer, mead, wine, distilling

Animal husbandry. Horseback riding, milking cows and goats. Field dressing and butchery.

Gun use and repair. Hunting skills.

Archery – hunting, arrow fletching


First aid and basic medical skills.

Insect and poisonous animal recognition, prevention and treatment

Sewing, quilting, clothing repair, shoes

Basic electrical especially dc power systems

Basic electronics

Basic plumbing – pipes, pumps and valves

Basic metallurgy – welding, smithing

Field weather recognition and seasonal variations.

Geology and mineral recognition – copper, iron ore, shales, flints, quartz

Paper making.

Book binding

Leather working

The thing is some of the potential future outcomes are just so effing dark. My daughter has already decided that she isn’t going to have children because she sees that there are too many people and the world is too messed up. How f..d is that for a 22 yr old to say? Drag as she would be a great mother

I have found that the further one goes down this path of pondering collapse the darker it gets. Some real questions. If it is all going to be some sort of Mad Max scenario and there is nothing to be done to avoid it, why do anything at all? Why not just live as large as possible for as long as possible? And on and on….

So we try and talk about it as if there may be future outcomes that could be rewarding and pleasant to live in. We work on trying to do what we can do. We try to build community and networks. She gardens and grows a bit of food.

She has completed 3 yrs of community college and has an AA in psychology. She has built up 2 yrs worth of transferable university credits and she is thinking hard about going to Humboldt State in northern CA. Both of think that maybe a better place to live than were we are now.

She is working with Adam Navidi of Future Foods Farm and Green2Go restaurant.

Sometimes I feel like I need to apologize to her.

So I don’t know is this makes any sense. My original reply was a bit of a spur of the moment, but it is a subject that is near and dear to me.

So sure I am interested in what others are telling the kids.

Fri, 08/29/2014 - 16:40 | 5160170 AustriAnnie
AustriAnnie's picture

I'm in my early 30's, stuck in the middle between the boomers who had a lot during the boom but will have-not in retirement, and the "new generation" who is going to have little but demand a lot, and won't have the skills or the work ethic to find their own way.  

I work in an office where there are few in my age group.  There are a lot of boomers, and then a lot in their early 20's.  The boomers talk about when the stock market comes back and their 401k gets flush again and their home values rise again.  The ones in their early 20's have told me that Obama is going to make healthcare free, and raise the minimum wage to make everything better.  They are all on food stamps -- they just lie on the application to get accepted.  They are angry that they only get 2.5 weeks paid vacation to start.  They are angry they aren't allowed to play on facebook while they are on the clock.  They are too lazy or too self-centered to hold the elevator doors for someone trying to get on.  They have this sense of entitlement that astounds me, and an apathy that crushes my hope for the future.  

And here I am, recently emerged from my own zombie stupor, with student loans (yes, I fell for that trap), trying to figure out what choices I should make NOW to prepare for the day the piper demands to get paid and the music stops.  Luckily, I didn't study women's studies or basket weaving, so my education wasn't totally worthless.  Perhaps the greatest value of my education was to see JUST HOW BAD the education system is.  After seeing the idiots being funneled through the education system, and the idiots getting paid big bucks to fill their heads with "support the status quo at all costs" bullshit, I now realize just how many boating accidents its going to take to get through the next 5 decades.

Just what does someone starting from scratch do?  I didn't have a 30-year debt fueled boom to get me started.  Do I dare start my own business in a world where owning anything or hiring anybody makes you a target for taxation?  The choices are limited.  I have all these 60-somethings on blogs telling me to "buy productive farmland" and prepare to be self-sufficient.  Buy it with WHAT?  Its one thing to trade a house you bought in 1980 for some farmland somewhere, and fund your path to self-sufficiency with 30 years worth of savings.  But sometimes I'm frustrated by this advice because it assumes that an individual has had TIME to build up savings/assets.  Some of us are a few decades behind, we came out of school in an environment of falling wages.  The best I can do for myself is live in a walkable neighborhood, develop job skills that will allow me to work on a consultancy/self employment basis, but that won't require me hiring anyone (cost of labor is getting prohibitive), and try to have as many boating accidents as possible.  Sometimes I feel my hands are tied -- I know what I need to do to prepare for a harder economic future, but I need both time and money to do it.  Sometimes I just want to scream when I hear advice from people 30 years older who rode the wave of the boom and still have something to show for it.  The flipside of that is -- I am lucky that I have youth on my side.  For those boomers who lost everything and have limited years to try to regain it, I imagine the future looks more bleak.

Fri, 08/29/2014 - 16:51 | 5160207 MissCellany
MissCellany's picture

AustriAnnie, you NAILED it.

I'm in my mid-40s, but I'm dealing with the same damn sh*t you are. And early-Boomer parents who refuse to see everything you said in your last paragraph.

They have NO idea how lost their children's generation is, and is going to be. Nor do they really care. I see it, and I live it (partly because I am honest, and I won't play the mindfcuk games required to "get ahead" nowadays), but I feel more powerless every day as far as doing anything about it.

God help us all, the ones who are awake...

Fri, 08/29/2014 - 17:49 | 5160404 AustriAnnie
AustriAnnie's picture

Here's hoping you can make it through supporting your parents.  

I'm lucky my parents learned (the hard way) what a ponzi-rigged game this is.  My dad taught me how to shoot straight, how to work hard and use a hammer and a powerdrill to build things or fix things your-own-damned-self, how to recognize MSM bullshit and the madness of crowds, how not to depend on the system for anything or trust it farther than you can throw it, and most importantly how to swim (you know, for when you have a boating accident).

Fri, 08/29/2014 - 19:47 | 5160808 bunzbunzbunz
bunzbunzbunz's picture

Adaption baby. That's what is important. Your skills are not always valuable. The ability to learn new skills is always valuable.

Fri, 08/29/2014 - 20:24 | 5160789 JuliaS
JuliaS's picture

The part about farmland - that's why many farmers go out of business.

One might think that growing food means being self-sustainable, but it doesn't. Farmers are hooked on credit - forced onto even. Many buy land with credit. Finance equipment purchases and seeds with credit, and if they don't play well with the corp cartels those will make farmer's life a living hell. There are plenty of stories of all natural farmers being cornered on nitpick violations.

And there's land tax, profit tax, if you actually make money off what you're selling and numerous other spending items. You are overcharged for being in a remote location for basic things like water, electricity, garbage disposal, internet etc.

Lots of traps in that business for youg players. Unless farming is a family business and you have people you can trust offering help - don't do it. Don't sink your money into a huge investment project with questionable returns.

Remember how scammers loved making money decades back? By selling land Glengarry Glen Ross style.

The land deeds didn't have to be fake. Land didn't even have to be "bad". It just had to be worth less than the potential return on investment. And it was a win-win deal for the scammer.

Turning land into a productive asset is hard. It's sweat, blood and tears. I've been involved in small scale farming. I know. I got out and all I have now is a small garden I can dedicate no more than a day out of a week maintaining. That's all I can do on my own.

Regarding student loans - I've gone though them as well. I think the best education there is realizing how bad debts are in general and clawing out of the hole. I paid mine off as early as I could and it felt great. The moment I had zero debt and almost zero in my bank account felt better than having a pretend amount of money and a huge negative balance. I made it. Many did not. I feel sorry for them.

I also feel high respect for those who got out of college very early, realizing it wasn't their thing, as oppose to those who went along, well knowing exact same thing, hoping the attitudes would change, or they would somehow end up loving the job, while hating the subject.

Lastly, when it comes to current prospects for the youth, I can only advertise extreme frugality. Using internet to figure out life early.

With the majority being lazy and self-entitled, it's actually a lot easier to compete in the job market. I often interview people with my boss and the level of unproven arrogance is astounding, compared to when I graduated. When I had my first job, my boss looked at my portfolio, that wasn't that impressive, but he said it showed organization, dedication and the ability to follow through performing tasks unsupervized.

I believe those to be important qualities to this day. If you can advertise yourself as a responsible person - a real grownup, you will get hired. If you show professionalism, you'll attract attention. Nobody cares how fun loving and outgoing you are. That kind of thing is irrelevant to productivity. Show something difficult and complex that you've done - some long piece of work. Not a research paper. A thing - a complete body of work. Your industry will determine what that macguffin is. Have something that can wow a person not even familiar with your occupation. That will be your foot in the door.

Remember that you're in competition with the entire world, thanks to the internet, but that works both ways. You can also challenge the world back. Be ready to relocate. Hitchhike if you have to. Your parents often did that. Took real risks and some of those paid off.

Take risks. At a time when most shy away from those, you will succeed. Travel to an oil rig somewhere in the middle of nowhere and say: "I need a job" and they'll get you one. The more of a shithole the place is, the more you'll get out of it. There are places with good salaries simply because nobody wants to go there. Many will even train you from scratch. Go North. Don't go Miami, LA or New York to make a fortune. Start far away from the hubs and go from there.

Fri, 08/29/2014 - 20:58 | 5161062 flyingcaveman
flyingcaveman's picture

"Pull yourself up by your bootstraps"

--Generation X's parents


Fri, 08/29/2014 - 16:55 | 5160218 McMolotov
McMolotov's picture

I'm pretty much in the same boat.

There are a lot of boomers who worked hard to get where they are, and there are also a lot of boomers who didn't work all that hard — yet they're still doing ok, simply by virtue of being born during the exact right period in history.

It isn't "generational warfare" to point out the obvious. The post-WW2 period was unprecedented in terms of growth and the ability to climb the financial ladder. That time came and went like the fluke that it was, and it's not coming back.

I'm convinced I'll work until I die, and that's ok with me. I live below my means, and I'll get by. My kids don't deserve what's been left to them, though, and that's what really makes me angry.

Fri, 08/29/2014 - 19:52 | 5160821 JuliaS
JuliaS's picture

Likewise. The concept of retirement does not exist for me, even though my salary is above average, I have post-seconday education and have been employed in the field of study my entire adult life. Life is getting more expensive and I don't have to be a mathematician, to know where my standard of living will be by the time I reach 60's.

I have minimal hopes and expectations. I do everything I can. I do a lot more than my peers do and it is still not enough to make a lasting difference. Debt free. Nothing's financed. No obligating contracts or subscriptions of any kind. Living within my means. Cooking at home. Growing food. Fixing things instead of throwing away - sewing, welding, crafting. I do everything that is humanly possible to minimize consumption and maximize output and that is barely, barely enough.

I absolutely cannot imagine how others might have it better, so I conclude that they must be lying. Someone having a higher standard of living at my age, spending more money - the only way they can do it is if they are in debt, and I bet they are. People don't go around waving their bills in the air. That kind of thing carries a stigma, so I feel that many people are trying to appear being successful while struggling in reality. Hence all the mind-altering drugs and anti-depressants.

I'm completely medication free and proud of it. Even when I get a headache, I just walk it off. I tell myself that spending $50 on a bottle of pills for something that will be gone the next morning is a bigger headache.

I save money and inflation still cheats me out of my savings.  I turn off lights in the rooms. I use extra blankets instead of a heater. I live for months on rice and garlic, or similar low cost diets.

Still not enough. The amount of money I was saving a decade ago was greater than 5 years ago or today. Cost of living rises due to factors beyond my control and at some point I simply cannot cut any further.

Will it get better? It will not. So my life is mere survival.

Why do I get by barely while making enough? Because I sustain others. My less fortunate family members rely on me and I'm too soft-hearted to say no to them. I provide help unconditionally and that, by the look of it, will be the end of me, before I turn 60.

Fri, 08/29/2014 - 16:55 | 5160219 p00k1e
p00k1e's picture

Welcome to the under 55 club where everyone is Focked!



Fri, 08/29/2014 - 17:36 | 5160359 cart00ner
cart00ner's picture

Im 45 and found the answer - self employment. Play the same game as the rich and find loopholes in the tax system meant only for them. 

Make sure the busines you choose has little or no operating costs and invent ficticious ones like they do, i repair artworks from galleries/museums for example - there are many needs out there you just have to find one and fill it. Start as a hobby then quit your job when it is earning enough.

Cheer up 

Fri, 08/29/2014 - 19:57 | 5160833 flyingcaveman
flyingcaveman's picture

I'm a broker who helps people find jobs repairing artwork for galleries and museums. 

Fri, 08/29/2014 - 20:16 | 5160903 JuliaS
JuliaS's picture


Beginner's mistake is throwing too much investment capital. Borrowed or saved - it's the same money. Pinch every penny. Only grow when the profits allow it and be ready to shrink down.

I work at a company where we constantly go through expansions and layoffs. The firm is structured to allow staffing to fluctuate easily between 5 and 40 people almost overnight. All contracts and services are buillt to accommodate uncertainty.

We've had people leave us and start own firms only to fail a year later. Getting one successful project going and falsely assuming momentum would be sustained. Easy bankruptcy and debts.

If a business involves investment or debt, consider limited liability. Again, worked in virtually identical firms where one had an "Ltd." suffix and the other did not. One went belly up and the boss resumed function when the tides turned years later. The other wrote his name on too many papers. It did more harm to him personally than to the business.

I would never consider full liability model for myself. The banks will push you and you just have to know how to push back. If you work with private investment capital - get them to accept risks. Their gain should also be their pain. You're the guy offering "know how" - nothing more.

Well, all of that is pretty much obvious.

Fri, 08/29/2014 - 17:37 | 5160362 harami
harami's picture

I understand where you're coming from.  Almost thirty here and I have three kids.  Happily married though and I'm glad I have them to go home to everyday.  I did not fall for the college debt trap and am doing alright, but I don't have the heart to set aside "savings" like my fellow millenials who still believe the lie that buying a house will genarate money and can't comprehend that both will get eviscarated through:

1.  Hyper-inflation/inflation

2.  Taxes/Cyprus style government management.

I keep getting told to buy PMs, but making my kids go without food or a roof over their head for some shiny metal does not jive.  Glad all the old guys on here can just "keep stacking," but I stack non-perishable food.  And if things get "bad" enough like some here hope it will, not sure what good all those PMs sitting at the bottom of a lake will do you.

Fri, 08/29/2014 - 18:05 | 5160438 RafterManFMJ
RafterManFMJ's picture

Here's what worked very well for me.

Got a decent job worked till I saved 9 grand. Bought a triplex on a 30 year note; lived in one and rented 2.

Over time, your rental income will rise while your payment stays the same. Lived there 10 years saved - and spent quite a bit as my rental income less my mortgage and utilities left me a net gain of around 350 per month.

Question: if you bought a typical house for 225K with the corresponding mortgage, utilities and I bought a building that gave me a place to live AND 5K (to start) in profit ... And you save and compound those gains over 10 years ...

Bought an awesome Victorian Brick 3 story 4 bedroom home early this year and now, 10 years of apartment living later my 3 rentals apts. throw off enough cash flow I pay that buildings mortgage and make double payments every month on the Victorian - with just that cash flow.

Eliminate your biggest expenses - car, mortgage and you'll find you'll never have cashflow problems - even if you are moderately employed.

Don't reinvent the wheel, talk to people who are successful and emulate them.

My mentor sold his primary buildings a few years ago and bough no fewer than 3 Benzes - convertible, an SUV and a C-class.

Maximize the inflow and minimize the outflow and success is pretty much automatic.

Oh yea I forgot - get rid of cable; TV is for morons. You like sports? Go play one instead of watching better men than you run around on a field of green.

Also, don't wear a team jersey. Why would you ADVERTISE another man on your back and pay to do so? Jerseys are for women and betas. Don't be that guy.

Fri, 08/29/2014 - 20:28 | 5160858 JuliaS
JuliaS's picture

Good strategy few years back, but not with the existing housing market.

People that can't afford to follow in your footsteps or have guts for risk should consider roommates. Rent, being the biggest single component of typical life should be the highest priority. Split every bill 2 or 3-way.

 If you can reduce payment though service - go for it. If you rend from an old houseowner, offer to cut lawns or clean the main house to knock few bucks off. Don't be afraid to negotiate.

Consider a housing co-op - something with no strata fees where personal labor takes care of otherwise expensive services. Examine every available subsidy - any option that says "you can pay less if you do this". That's almost as good as paid employment. Same end result with no positive cash flow, but no investment risk either.

Fri, 08/29/2014 - 20:18 | 5160911 harami
harami's picture

This is not meant to be insulting or me spitting in your face after receiving advice, but do you think something that worked ten years ago has a snowball's chance in hell of succeeding at this point?  I watched numerous associates and family members lose hand over fist on the house they bought and are trying to play real estate tycoon in where the only real winner is the bank.  Even if they made money, what value was added?  What did they create in gaming the system except telling TPTB they're willing to keep playing?

I am close to eliminating the car payment, I only have one vehicle, I work a full time job and take extra work on the side, my wife is a stay at home mom so my children won't get brainwashed by the shame that is the education system, she also teaches piano on the side for extra cash, we haven't had cable the 7 years we've been married, I'm something of an amateur body builder (despite my exercise though genetics has doomed me to horrendous cholesterol), and I haven't bought new clothes in 8 years to the point a lot of my wardrobe is literally falling to pieces.

The most important things I have are my family and a strong community I know has my back and I have theirs (mostly) without question.

Sat, 08/30/2014 - 01:00 | 5161641 August
August's picture

>>>...get rid of cable; TV is for morons.

A lot of good counsel in this thread.  I'd rate the above as extremely useful. 

It's amazing how many hours are available to you - for work or play - when you don't devote chunks of your life to the History, Discovery, Food or Animal Channels.  Or to, God forbid, CNN and the other legacy broadcasters.

Fri, 08/29/2014 - 17:42 | 5160379 RafterManFMJ
RafterManFMJ's picture


Move close to work and ditch the car. Bike in. Save. In gold and silver.

When you've saved enough, buy property you can get to on the weekend with low zoning / population.

Learn slip-form construction / rammed earth / straw bale ... Build a homestead on your own time and dime, debt free.

Till and improve the soil, build greenhouse, have your own well.

If the shit hits the fan, if you lose your job, a debt free property where you can feed yourself will be a fortress of solitude and peace.

Oh, and buy a pistol, shitgum, body armor, and an AR / AK - in that order.

Fri, 08/29/2014 - 17:57 | 5160415 AustriAnnie
AustriAnnie's picture

You pretty much described my plan.  Its just painstakingly slow in the beginning phases....

Luckily I walk to work and have a really low-cost lifestyle.  Got that going for me anyway.

Its helpful having y'all here on ZH to rant to now and then.  I'm really not depressed about it.  I find it comforting actually, knowing that the zombie life is not something I have to choose.  I know this path may be harder, but nothing easy is worth it anyway.

Fri, 08/29/2014 - 18:47 | 5160616 libertysghost
libertysghost's picture

I'm in kinda the same boat as you...but prob a decade older and with two young kids (divorced).  I have a decent job but few opportunities to get real raises.   I might finish my PhD cuz it's free to me...but I don't know how much it will help and I still don't know when I'll find the tome to do it working full time and trying to be a good parent.  

I'm paying for private school figuring I can pay now or pay later...and I've had my house on the market for 9 months and little optimism there.  One break and I could get out of some debt I got stuck with when the ex left us.  Butvyou know what...

I'm much happier today than I was ffive years ago.  It os what it is.  I've learned to pay more attention to what goes right every day than what goes wrong and appreciating my family's gpod health over anything else.

It's all mindset I realized...not being a sheep but not freakin out over things I can't control.  Got my kids in to mushroom hunting this year...for example...figuring out ways to be and teach them more self reliace while having fun.  I think you are on the right track actually...but it's always nice gettong some affirmation.  Shits gonna happen...good and bad.  Take advantage of the opportunities you get in life and appreciate what you already have...your young a nd you'll be fine on this path.

Fri, 08/29/2014 - 20:43 | 5161024 espirit
espirit's picture

There's an easier way, but is much harder to master.

"Thou shall not want."

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