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The Disgrace Of Sacrificing A Generation
Submitted by Raul Ilargi Meijer of The Automatic Earth blog,
DPC Launch of the Western Star, Wyandotte, Michigan Oct 3 1903
Would you like to know how bankrupt our societies are? Financially AND morally? Before you say yes, please do acknowledge that you too ar eparty to the bankruptcy. Even if you have means, or you have no debt, or you’re under 25, you’re still letting it happen. And you may have tons of reasons or excuses for that, but you’re still letting it happen.
Our financial and moral bankruptcy shows – arguably – nowhere better than in the way we treat our children. A favorite theme of mine is that any parent you ask will swear to God and cross and hope to die that they love their kids to death, but the facts say otherwise. We only love them as far as the tips of our noses, or as far as the curb. That means you too.
While we swear on our mother’s graves that we love them so much, we leave them with a world that lost half of its wildlife species in 40 years, that can expect to make coastal areas around the globe uninhabitable during their lifetimes, and a world that is so mired in debt just so we can hang on to our dreams of oversized homes and cars and gadgets that all there will be left for them are nightmares.
But I always wanted what was best for them! Yeah, well, you always chose to not pay too much attention, too, and instead elected to work that job you hate and keep up with the Joneses and tell yourself there was nothing you could do about it anyway other than a yearly donation to some socially accepted charity in bed with corporations (you didn’t know? well, did you try to find out?)
You elected leaders that promised to let you keep what you had, and provide more of the same on top. You voted for the people who promised you growth, but you never questioned that promise. You never wondered, sitting in your home, the size of which would only 100 years ago have put aristocracy to shame, what would be the price to pay for your riches.
And you certainly never asked yourself if perhaps it would be your own children who were going to pay that price. Well, ‘Ich hab es nicht gewüsst’ has not been a valid defense since the Nuremberg trials, in case you were going for that.
The fact of the matter is, we can continue our lifestyles, best as we can, because we are able to make our children pay for it. We allow ourselves to continue to kill more species, at home but mostly abroad, because we never get in touch with any of those species anyway. Other than mosquitoes, which we swat. We can drive our 3 cars per family because we only see the ice melt in the Arctic on TV.
And we allow ourselves, and our governments, to get deeper into debt everyday, because we’ve been told that without – ever – more debt we would all die, that debt is the lifeblood of our very existence. We don’t understand what it means that our governments increase their debt levels by trillions every year, and we choose not to find out.
That’s a matter for the next generation; we’re good with our oversized flatscreens and coal powered central heating and all of that stuff. We are better off than the generation of our parents, and isn’t life always supposed to be like that?
Which brings us back to your kids. Because no, life is not supposed to be like that. Not every generation can be better off than the one before. In fact, you are the last one for whom that is true. It’s been a short blip in human history, let alone in the earth’s history, and now it’s over. And you must figure out what you’re going to do, knowing that not doing anything will make your sons and daughters futures even bleaker than they already are.
Europe Sacrifices a Generation With 17-Year Unemployment Impasse
Seventeen years after their first jobs summit European Union leaders are divided on how to create employment and a fifth of young people are still out of work. At a meeting in Milan today Italian Prime Minister Matteo Renzi plans to tout the new labor laws he’s pushing through. French President Francois Hollande will argue for more spending, a proposal German Chancellor Angela Merkel intends to reject. Britain’s prime minister David Cameron isn’t coming.
Their lack of progress may increase the frustration of ECB President Mario Draghi’s calling on the politicians to do their bit now and loosen the continent’s rigid labor markets even if that means facing the ire of protected workers. “An entire generation is being sacrificed in countries such as Spain,” economist Ludovic Subran said. “That has a real impact on productivity in the long run.”
How someone can talk about “a real impact on productivity” in the face of millions of lost and broken lives is completely beyond me. You have to be really dense to do that. And they pay people like that actual salaries.
When EU leaders met in Luxembourg in November 1997, the soon-to-be-born euro zone’s unemployment rate was about 11%. Jean-Claude Juncker, then prime minister of the host country, now president designate of the European Commission, promised a mix of free-market solutions and government plans would mean a “new start” for young people. Today the jobless rate is 11.5%. The Milan summit will focus on youth unemployment, which afflicts 21.6% of people under 25 across Europe, according to Eurostat. Even this number is almost identical to 1997, when it stood at 21.7%.
Average European youth unemployment numbers may not have changed much since 1997, which is bad enough, but plenty numbers did change. The young people of Greece, Spain, Italy and Portugal were not nearly as poorly off 17 years ago as they are today. That’s what the eurozone project has accomplished.
The leaders “need to discuss meaningful job creation,” Subran said. “It’s about avoiding the neither-nor situation of people being out of both work and school. This means providing jobs in the short term and training to improve skills and employability in the long term.” In February 2013, the EU allotted €6 billion ($7.6 billion) for youth-employment initiatives between 2014 and 2020, with the bulk of the spending in the first two years.
The centerpiece of the initiative is a “Youth Guarantee” that anyone under 25 should have either a job, apprenticeship, or training program within four months of leaving formal education or becoming unemployed. The initiative focuses on regions with over 25% youth unemployment, which is the whole of Spain, Greece, and Portugal, all but the north-east of Italy, about half of France, and a few regions of eastern Germany.
Lofty words. But nothing has come of them in many years, and nothing will. Politicians vie for the votes and campaign donations of the parents, not the children. Until the children are the majority block, but by then present day leaders will be gone.
Germany is opposed to discussing new spending until already allotted sums have been spent. Instead, Merkel’s government has stressed liberalization of labor markets as the best path to create jobs. France and Italy argue they are already taking steps to loosen their labor markets and those efforts won’t work without a background of growth.
Italy’s proposed rules, opposed by some lawmakers from Renzi’s Democratic Party, aim at making firing easier while providing a new system of income support for those who lose their job. European employment did improve after 1997, with the unemployment rate bottoming between 2007 and 2008 at 7%, and 15.7% for young people, as a credit bubble boosted growth in Spain and Greece.
It ballooned during the subsequent financial crisis. “I’m worried how the euro zone has detached itself from the rest of the world economy,” French Prime Minister Manuel Valls told business leaders in London Oct. 6. “If there is no strategy to support growth at the eurozone, we will be in even greater trouble.”
The only solutions in the minds of the leadership are reforms (make it easier to get rid of the older people and let the young do their jobs at half the price) and growth. Both of which have failed for all those years, but that’s all folks so they press for more of the same. Who cares about the young until they can unseat you?
The present leadership selects for a future in which they – and theirs – will still be the leadership. It’s only natural. Any victims made along the way there are seen as necessary collateral damage. Reforms and growth. Reforms being break down what generations of workers have built up in rights. Fighting squalid working conditions and miserable low pay. Think about that what you like.
But growth? What if there is no growth? Hey, even the IMF just said growth won’t return to levels of old. And then called for more reforms. But what lives will your children have if growth is gone, and what are you prepared to for them is it is? How are you going to soften the blow for them? How much are you willing to sacrifice for your children lest they be sacrificed by society?
One last thing: it seems obvious that we teach our kids the wrong skills. Or there wouldn’t be so many unemployed or in low-paying jobs. So if we want our kids to get a job, what should change in our education systems? Now, I must be honest with you, I’ve found our education so bad ever since I was even younger than I am now that I up and left.
I simply noticed that it was meant for people happy to be pawns in someone else’s game, and I knew that wasn’t me. Colleges and universities mold people into usable – not even useful – ‘things’, provided there is no independent thinking going on. Because that kills the entire set-up. It’s all been an utter disgrace for decades.
But this is not about me. The question is, what are we going to teach our kids? Well, with our present power structure, it will be a mere extension of what there is today. The overriding idea is that tomorrow will be like today, just with more of the same. That’s all we know, and all we have. And that’s what keeps our leaders happy too: a world in which they feel they can be safely settled into their comfy seats. Progress while sitting still. Don’t think I’m right? THink about it.
So would do you think the consensus would be when it comes to education? I think it would be having our kids be managers, lawyers, programmers, the same things that are ‘in’ today. More of the same, just more. But is that so wise if even the IMF says growth will never be the same it once was? What if things get really bad? What skills will they have that can help them through times like that?
Shouldn’t we perhaps teach our kids basic skills first, just in case? So they can grow and preserve food, build a home, repair machinery, that kind of thing? And only after that deal with the fancier stuff?
We have become utterly dependent on the ‘system’. Is it a good idea for our kids to be too? We lost our basic skills – or at least our parents did – at the exact same time that ‘growth’ became the magic word du jour. The idea was that we didn’t need them anymore, that other people would grow our food and take care of all the other basic necessities for us.
But what if that was just a temporary bubble, and it’s gone now? The data sure point to it. In that case, should we rush to move back our sons and daughters to the skillset our grandparents had?
And just in case you think this is all and only about Europe, this is a great portrait of America:
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It is not a disgrace, its called payback bitchez...
What can one do with a bachelor's degree these days? I hear Taco Bell is hiring...
I know things are bad, but I hope I can drive to the dealer tomorrow and get a bag of weed.
Smoking weed and reading ZeroHedge is probably the high light of my night.
Making the articles that much more intense.
Share of National Debt only $39K?
Uh, no.
Official National debt (up to the minute): $17,860,770,000,000
Population of the USA: 320,000,000
Share of National Debt: $55,815.00
Of course, this doesn't include the $70 trillion+ of unfunded mandates...
You mean the printing company wants it's confetti back?
'were teaching our kids the wrong skills otherwise there wouldnt be such high unemployment'
bollox. The biggest single factor in employment is overseas wage and manfacturing arbitrage which is the penalty of insisting on having the world's dominant currency. Period. No amount spent on education or reforms of education & training would effect that chief dynamic.
Well, seems to me that the one option never yet tried by Fearless Leaders, nor proposed this time around,m again, is for the governments to just fold up shop and let the people decide what to do with their money. Provide some very rock bottom austere necessary basic services and after that... phhhht!
But oh no... it's more this, more that, bigger programs, more guidance by the hands of the NWO
Fuck it....
Make the governments really really small as in shut them the fuck down and then go from there.
Nice experiment.
I agree in principal, but the transition period will be *ahem* painful. Then again, pain is in store anyway. Do you like your pain fast or slow?
Fuck it. I don't just agree in principal.
Vaquero, everyone understands what you meant, but I just now heard a grammar nazi off in the distance scream...
Principle!
http://wallstcheatsheet.com/politics/do-people-really-think-obama-is-the...
Obama completes the takeover of our country by a foreign government
Common Core....2 + 2....does not equal 4.
The dumbing down of America......now well under way.
Cause stupid people are easy to control. The next generation of home schooled students will take the country back.
sorry breaking thread...
2nd case of ebola confirmed in Dallas
A Texas health care worker who provided hospital care for an Ebola patient who later died has tested positive for the virus, health officials said Sunday in a statement.
http://news.yahoo.com/state-health-officials-2nd-ebola-case-texas-102955...
So precautions for health care worker did not work. Now, think if you are one of these care givers how will this change your thoughts?
the 'younger' generation is uniting worldwide and eventually will cancel the 'debt' and inflict payback
they've been fucked and they know it
hardship builds strength. Today's youth hasnt sat in mobs, complaining without accomplishing, to the degree that the hippies did to avoid draft. The youth havent missed meals or lived on the streets. We havent faced those kinds of hardship.
We have tried to play their game by their rules. I am young and inexperienced but at everywhere I've worked, the youth work harder, smarter, and longer than our 'superiors,' and we've done it for less. We've learned to manage our personal time to build skills and learned to manage on lower incomes and a higher cost of living. This only applies to those who have busted their asses to keep up in a game with a stacked deck, but there are enough of us.
What's the breaking point? Or what's your breaking point? I think I'm there.
keeping old, unhealthy people alive is not in the younger generations best economic interest
So you want to be a "Grammar Nazi"?
It is clear that either you did not read the article, you are attacking a person's grammar because you did not like his message, you are responding out of total ignorance. or you are doing this for some other reason which you have not revealed.
YOU CRITICIZE El Vaquero's misuse of the word, "principal" and yet you do not criticize the egregarious grammatical errors within this article?
(You are correct. It is supposed to be "principle". But you are straining at gnats.)
Consider the examples of this utter crap written by the author within the original article.
"(you didn’t know? well, did you try to find out?)"
Where is the proper capitalization?
"Other than mosquitoes, which we swat."
Isn't that an particle sentence?
"In fact, you are the last one for whom that is true."
The word, "whom", refers to a group, whereas the pronoun, "you", refers to a person.
"But what lives will your children have if growth is gone, and what are you prepared to for them is it is?"
Hmmm...
I believe that the sentence needs to have been written as, "But what lives will your children have if growth is gone, and what are you prepared to do for them if it is?", from the context.
These are just some of the errors which I used as examples.
Now I can sit here and totally waste my fucking time grading this article as an English paper. (The good Lord knows that I have graded English papers, as a teacher, in the past...
Or...
I can consider the message that the author attempted to convey, critically thinking about it, and destroying the premises in an orderly attack....without even considering the poor grammar.
But you attack someone else's grammar who leaves a comment, instead of commenting about the original article.
That is a TROLL TACTIC.
Is that the "...some other reason which you have not revealed"?
Yeah Raul (the author) lost me somewhere between "...expect to make coastal areas around the globe uninhabitable during their lifetimes..." and "You elected leaders that promised to let you keep what you had...".
News flash for Raul, the tons of garbage left behind in the streets of NYC by lazy, thoughtless, uncaring, idiots for .gov to clean up is THE CLEAREST EXAMPLE YET of the chain looped through the nose rings of complete imbeciles tethered to TPTB's ankle.
Why, we're so angry & concerned about carbon we're going to hop on CO2 spewing busses and coordinate our march with the UN's (that would be the powers that be) confab on manmade global warming and leave mountains of plastic bottles and hot dog wrappers in our wake dammit!!!
Apparently Raul never heard of a bota and had better pack his lunch before he marches across the pages of ZH again ;-)
@Tall Tom, pointing out spelling errors associated with word usage is a valuable thing to everyone, particularly on the Internet, and when done politely. Rudeness defeats the purpose.
Every time people see the wrong word or spelling without correction, it reinforces the error.
Language, with all the nuances, is too important to let it slip away.
More important than the spelling of the word is to use the correct word in context.
That is, so the concept as represented by the symbol (the word) precisely matches the percept (the thing or action being defined) without any contradiction.
For example and entirely relevant to this forum, modern economics has detached the concept of money (as symbolized by the word called money) from the action of what it represents (productive work performed to meet the demand for the value of that productive work.) The detachment has then been reattached to what money is not; the imitation of having performed productive work. In this manner then students of economics are taught that counterfeit is money, stealing is banking, and theft is production.
A is A and the correct use of definitions is the starting point from which we identify ideas in order to either affirm them or deny them. This is an ancient methodology as Aristotle mentioned, "But each set of principles we must try to investigate in the natural way, and we must take pains to determine them correctly, since they have a great influence on what follows. For the beginning is thought to be more than half of the whole, and many questions we ask are cleared up by it."
This methodology is used to correctly redefine the fundamental principles of economics and applied in each article at:
http://ocsure.blogspot.com
The methodology and the reclaimation of the First Principle of Money as described here cannot be challenged or refuted by anyone and instead is being refreshingly embraced as evidenced by repeating the exact same language and explanations used on that blog by contributers here and at mises.org.
Precisely! Thank you OC Sure ;)
Usage includes definition, style, and spelling,
Theft of language is one of the foundations of keeping people controlled and ignorant.
My pleasure.
:)
...Language controls the thoughts and thoughts control the the body's actions. So why use brute force to externally force a body to act when instead the controller of language can have the body internally choose to act as the controller desires?
And presto! The usurped purpose of Plato's theory of Forms is revealed. ;)
From OC Sure's blog:
Proponents for liberty should check their first principles. If so, they shall always find that unbacked-money, fiat-money, printed-money, thin-air-money, et cetera are nonsense and that instead there must be either money or counterfeit, either productive work or imitation of productive work, either an exchange of full value for full value or an exchange of fractional value for full value, either an honest exchange or theft.
I'm glad someone was able to point out the grammatical error of referring to a spelling error as a grammatical error.
Chill the fuck out, Mr. English professor.
I am merely pointing out his misuse of the word in a friendly way; that is all. For what it is worth, I like Vaquero and I value his contributions to the conversation.
You, my dear professor, have overreacted badly.
I am not attacking anybody. Believe me, when I do, I am very direct.
I have no desire to be a grammar Nazi.
I assure you there is no ulterior or sinister motive here.
And yes, the author of the article needs to take your class.
A world war should sort out the employment issues! either that or the goverment gets lynched by the younger population.
The globe is approaching dangerous levels of unemployment, without the handouts, this could turn nasty quickly.
Never have i seen, so many protests in so many different countries over so many restrictions and austerity.
The system is too big with too many people, a restart is needed, unfortunately the elite may think a war could be necessary for a restart.
Enter Ebola.
And the wars will come once economic dominoes begin to tumble. As of now they appear to be wobbling, just waiting for a gentle breeze to knock them down.
The only way to accomplish this is to vote a third party into office - one who will really make changes.
The two-headed beast known as the two-party system will never change anything.
And don't tell me "third parties cannot win", because that only creates a self-fulfilling prophecy.
"Alternative media" feeds this sense of defeatism, always dooming about how it's all over and there's nothing anyone can do about it. Stop crying, and vote for anything other than republicunts and demonrats. Even if your party doesn't win, it still sends a message. Once enough people do that, it will create a tipping point that either forces them to allow new people into office, or exposes the fraud woven into modern-day elections. Either way, it's better than moping around on message boards.
Productivity has been emphasized for 100+ over job creation.
How about a system where there is a minimum worldwide living standard targeted? Business
can pay lower wages(no minimum wage), but will have higher taxes and dutties to deal with. Pay people or pay taxes.
There is probably more than 500 million unemployed worldwide. Unless taxation specifically
gives encentives to job creators, business will minimize hiring. It's simple, it's a cost.
A business that creates enough good paying jobs deserves a neglible corporate tax rate.
Taxation is direct theft of work. Taxes should be limited to strict necessities.
People sharing time, work, and ideas is what life is all about.
More power to the people, less to the government.
Since the US of Anguish has crushed the entrepreneurs in this nation with costly and useless rules and regulations, why bother?
While there may be some truth to the currency argument, it's not the whole truth.
Deregulate the private sector and watch the miracle of economic recovery occur.
True. People who crave power do so by many means, some more obvious than others.
Trading your hard work for "fractional" value is one of the big ones.
the story is correct...
sort of....
the national debt has very little to do with people at my level...
i remember $10000 hammers, $100000 toilet seats, etc,etc, in the 80's...and i remember painting ROCKS in the army to burn up our divisions budget...because i was ordered to...
goverment waste is nothing new under the sun...either is profiteering...or corruption...
so dont paint our generation with that broad brush...
its not our fault...
its the systems fault...
You really believe in a $10k or even a $100 plain jane hammer? Or perhaps the money was diverted elsewhere. Sure, there is a fuckton of government waste, but some of it is so severe that it means that FRNs are getting funneled elsewhere or they are getting directed to cronies.
I have to admit. You make a compelling argument, I'm trying to see through your youth,
Not addressed to anyone in particular.....but here it goes.
Did you get a share of the last QE?
Yeah.....neither did I. Just forty years ago it would have seemed to be an unthinkable amount.
But I'll have to pay for it.....and so will you.
Maybe we should start asking the right questions.
Maybe we should start with......who just ripped us off?
+1000 concise, relevant, to the point
Beautiful - Thank you!
Commenting on GetZeeGold:
Those who ripped us off sponsor articles about how it's the Boomer's fault. It's the union's fault. It's the govt. worker pensions fault. All those not working are the problem (not the lack of jobs). They write articles (here on ZH) about how college education is a waste of time and a missuse of resources (well, so is high school once you have basic math then).
They really started laughing at us when they got away with the "trickle down" bs.. Now they are just having fun with us. Football players trying to outdo each other in how creative they wear hot pink. People competing to be the coolist by how they dump cold water on themselves.
thanks El..
that was my point all along...
$10k toilet seats fund black programs. My guess, anyway.
But, he's right about a lot of waste. Man-hours spent painting dead spots on the golf course green or turning over dirty snow along the streets so everything looks nice when the IG shows up. Or, painting missle silo doors with the high-dollar Imron automotive paint - with a paint roller! Saw some crazy, wasteful shit and heard even crazier stories. The only truth I know is what I saw. My brother said when he was in the Navy, he would watch people dumping tool boxes full of Snap-On tools into the ocean because the tools weren't on the manifest, or whatever it's called, and the IG would ding them. Tens of thousands of $ tossed overboard.
And?
What care will the population have for overpriced hardware that is diverted funds for whatever. You guys are arguing crap.
If society will collapse, they won't care because it is gone. While one preps for a government gone wild, a youth gone wild is behind you.
If you consider 40% do not pay taxes, the national debt per tax payer is at lest $93,000.
This article is about the Med - France, ITaly.
the usa will be fine because the cleverest people rule you.
average IQ 115 apparently - after all the purges killed off the chaff.
If you have no skin in the game, you do not care how many dolllars are wasted.
Nice work ~Pool Shark~
People who do not pay taxes could give a crap about about the national debt. Actually they would like it to always go up, more for them.
Pool shark,
Whereas US, Japan and EU have debt, China has cash surplus.
China's surplus, on the other end of the spectrum, is USD 4 trillion that is USD 4,000,000,000,000, (excluding gold) divided by population of 1,357,000,000 that leads to a surplus of USD 2,947 per person in China. http://research.stlouisfed.org/fred2/series/TRESEGCNM052N
Can anyone imagine if China ran a debt of USD 55,000 per person multiplied by 1,357,000,000 population which will be a massive sum of USD 74,635,000,000,000 (USD 74 trillion). Not that that will happen, but still, just to compare apples to apples...
There is that much gas still left in China, without including the unfunded liabilities.
Attending university might, paradoxically, be evidence you're not intelligent enough to attend university.
i think you missed the joke....
the [innacurate] debt figure, was intentionally wrong....
to make the point that the new generation has an accute math deficiency....
;^]
from pool shark.....
Share of National Debt only $39K?
Uh, no.
Official National debt (up to the minute): $17,860,770,000,000
Population of the USA: 320,000,000
Share of National Debt: $55,815.00
NOTE: you also included the 100,000,000 who do not work and will not contribute to the debt paydown. NOTE: you also included in the remaining 220,000,000 those on minimum wage who will never contribute. So...the Share of National Debt for an average college graduate (excluding irrelevant degrees) is closer to $150,000 per graduate)F*ck that's depressing.
I look at the student loan debt and see it's about the principal amount I have now. (I was done in '05). Then I see your numbers on Nat'l Debt and I just want to hang my head.
This as I've got a bun in the oven.
Run for political office as mayor of a city or town. Everyone in politics has a
useless degree or two. Not many PhDs are in politics, but plenty of lowlife
sociopathic slimebucket lawyers are because they make good coin with a dental plan, and a fully funded pension.
Run for political office as mayor of a city or town. Everyone in politics has a
useless degree or two. Not many PhDs are in politics, but plenty of lowlife
sociopathic slimebucket lawyers are because they make good coin with a dental plan, and a fully funded pension.
First off, this guy looking to elected leaders in the EU to come up with a solution to this is stupid as hell. Those types are what helped get us into this mess. Second part, 'global warming', sorry, 'climate change' is just more BS to get us to give the central planners more of our money and more control over our lives. Fuck that, this articles was crap, calling for more central planning instead of more individual freedom.
Yup. The author is going to blame me for the results of central planning capital misallocation? Bullshit.
And that's from the hardline nose bleed crowd too.
I know rite... sea levels are stable and gonna be skrinking with all the new Desalination plants coming online as need for freshwater grows... most of the rivers won't be making it to the sea anymore as well.
When the seas shrink we will have lots of space to bring back all the lost animalz
First of all...we wouldn't even have much coal or oil to speak of had it not been for Noah's flood.
Most people understand there was water...but what they don't get is the fact there was sediment also in there that covered everything which produced the deposits.
I would suggest you start here with Trey Smith....it will cost you 3.5 hours of your life....it will be worth it. The real question is....will you have guts to do it? it will almost certainly change everything you think you know.
http://www.youtube.com/watch?v=lktmmd7YnD8
The sheet comes off Rauuuul.
What did you expect from the automatic earth? I used to read them a lot in 2008-2009, but they lost me when they claimed that the oil leak from the BP Gulf of Mexico incident would sweep around Florida and ruin the east coast of the USA! Never happened!
Payback for what?????
How is strapping my children with $200,000 in collective public debt when their born, "payback"?
I would say instead, it's pure American delusion on a grand scale, on a psychologically unstable level! Everyone reading this knows god damn well, there isn't a fucking single parent or citizen in America that REALLY believes that debt, is theirs or their children's!!
There isn't anything else going on here, people just don't think their connected to these numbers on any level, period!
I agree, RL, but its not just the debt. Its the crap life, the corrupt, false society that we are passing on to our children. I don't understand what my smug, wealthy friends are thinking as America morphs into a hell hole. Do your children a favor. Its late now, but you can still go out in search of an authentic life and people and when you succede, take the children too.
Good luck all.
It's hard, but I agree that all that remains in this late hour, is the individual pursuit of an "authentic life"!
Disconnect from this bullshit in every way possible, by preparing for the worst and hoping for the best!
Payback for supporting a corrupt puppet and naively believing in "hope and change".
and when SHTF...
i will help a few through it...
thats my payback...
what you going to do, Mr. automatic earth dude...stay in that ivory tower...and bitch some more...
He will be more than proud to direct the minions down the proper path for their second coming of man on earth.
200k per child, hog fucking wash because it is un payable by current system of growth. math, my friend will answer this load of debt. ptb are skimming the interest living as king and queen while the plebs service this load of debt with taxes. the principle is digital numbers spent to create this situation of debt servatude. it will never get paid and the powers to be really don't care. they are living off the interest and keeping the majority under their thumb. the problem of not even enuf jobs to keep it going is the real problem here. nothing to do but be a porch monkey and smoke dope does present itself as a problem. when the workers can't even service the debts interest (zirp policies) at 1 percent (germany) then we got a problem(houston)...
Sorry - I have little sympathy. I stopped watching TV 10+ years ago. A realtive likes to watch college ball and NFL. When universities fill stadiums holding 120,000 idiots each Saturday in the fall then no sympathy. Tens of thousands of white kids screaming for obama voting blacks kids who get free scholarships while the dumb white kids in the stadiums pile up debt for a lifetime. They are paying for those free scholarships.
Total idiocy including the retard alumni who worship State U and their ball teams. They all have gone full retard.
Twenty-year-olds are PC indoctrinated conformist neo-puritans. I hope they starve in the street while they pay for my Social Security LOL.
Political Greed....Religous Greedy...Military Greed...Uk Ussa Israel
Appearently, people with ingrained inferiority feelings have to over compensate for percieved deficiencies.
I like how the colleges make it impossible to graduate in four years.
http://www.youtube.com/watch?v=o1Sal6N5OiE
Don't use we.
$39,500?
I pick up pennies and have no plans on paying any. Make that a double Grad.
From your Grandad.
I reject your attempt at placing guilt at my feet, Raul.
This is by design. Pull your head out of your ass..... you're making your hat smell like shit.
By design yes, but if the American people can get the cajones to assert their civic rights it will be a better ending for the American people involving less suffering.
Are you still unconcious?
The American people will not ever "...get the cajones to assert their civic rights...".
You are still in a Dreamscape...er...a Nightmare scape...if you have any hope for that change. LMAO...at you....for that idealistic nonsense.
Wake the fuck up.
It begins with you.
Guilt + projection = this article......
Well, ya lost me here. Certainly the debt is the bitter dregs of the greatest wealth theft by the elites, on parallel with the Russian and Chinese ones. However, to make claim to some kind of mankind-made ecological apocalypse seems to be a little bit off-base. It's just the excuse of another group of elites (political instead of financial) trying to take control for themselves, as well.
"While we swear on our mother’s graves that we love them so much, we leave them with a world that lost half of its wildlife species in 40 years, that can expect to make coastal areas around the globe uninhabitable during their lifetimes, ..."
No one was required to throw away so much of their disposable income on the various "consumer" holladays such as X-mas, All Hollow's Eve, Valentine's Day, and Bunny Pagan Resurrection Day, or be the first in line for the latest electronics device that we wait years later to purchase at usually 1/4 or less the price.
The current system is unsustainable, and 20 years from now, the way we live our lives is very likely to be dramatically different. It's important to continue to have goals, plan for the long-term, and strive for success. But I think in turbulent times, stay flexible and learn skills that can help your family survive as well. I'm not downgrading my expectation for the future to 'surviving is the new killing it', but we're in for some rough waters and interesting times. Now more than ever, I try to blend in and not stick out as I go through my daily routine. And I am planning and investing resources for really hard times (food, survival hunting skills, seeds for a garden, alternatives to grid-electricity. Some folks continue to kill it int their careers involving pushing paper, but these might become worthless if a major reset occurs.
New and interesting times ahead indeed. With the way things are financed you will have the facist gov/corp employed and then everyone else being neo-surfs feeding off scraps. With this downfall there will then come an "revival" both spiritual and economic because well same as it ever was.
If mommy and daddy still cling tightly to this then fuck em...they deserve their financial slaves living in their basements.
No. NO! NO I DON"T WANT TO KNOW! NO! NOOOOOOOOO! LALALALALALALALALALALALALA.................................
My 2 cents. I think young ladies Latitude25 as an example.
These young people come from broken families, and try to reach out in ways that they're familiar with.
I realize people have demons to deal with. We all do. Being accused of doing something, is just plain { passive aggressive}
I decide what happens , and who that happens with!
BITCHEZ
Great article. I have 5 sons and only three are employed. Two are still living at home with my husband and me; I gave up my well paying healthcare job to be a stay at home mom. No, it wasn't a sacrifice; it was my duty as a parent to do so. My husband made more money and we believe that there has to be a parent at home to care for their kinder. That being said, my mom has several acres of rural, arable land, with a paid for house on it. My grandfather built that house. My husband and I would like to live off of that land and have our children live there and learn to farm, too. Thank god I watched and helped my grandmother can vegetables every fall and I loved "stringing" greenbeans for her. On a side note, why do you think that automobile manufacturers switched car repairs to become computerized? Because prior to the 1980's, we ALL knew how to fix our own cars! I took auto shop in high school, as did more than 60% of my female graduating class. Back then, it was an essential skill to have, like knowledge of SAE grammar. As the wicked witch said, "What a world! Oh, what a world"!
Your actions and observations are a rarity. Our entire society has flipped from encouraging to eschewing self sufficiency. Should a major disruption occur, people, many if not the majority, will be utterly lost and very very dangerous.
I think I know why you got down voted. Most of the population has never lived the way you described. I have experienced life in the country and still do. I also lived in places like LA and Mexico City.
The mind set is different between urban and rural dwellers.
Being a stay at home mom makes many cringe, including mothers.
In my opinion, when a child is young, a stay at home mom (if she is a good one) is the most important vocation a woman can take on.
Unfortunately, the almighty career, paycheck and so many other things take precedence over children. People do not want to sacrifice or pay dues in the parts of life which are really important.
Too bad most women are to useless to see the wisdom in your words. Downfall of the west can be traced back to this delusion.
I got downvoted. It's Okay.
I don't appreciate being accused of certain lifestyles.
Wake up, kiddo.
Weaving straw men, social convention, with out right erroneous falsities is a propagandist's finest moment. The environmentalist meme contains all three elements.
I don't have an argument with the Author's bottom line, just how he arrives at the bottom line.
I'd gladly pay some graduate $15 an hour to read this kind of garbage and then promise not to tell me what was in it.
Lot our basic skills, this author has no idea how many people, at least those who live outside of big cities, still have the skills to survive without a corner grocery store or dial a plumber.
You're correct of course, but most people live in urban areas where almost without fail, they have no personal connection to anything but interdependency. They aren't even aware of a different existence.
I graduated highschool in the mid 2000s when we were still living in 'Brave New World America' aka easy credit, jobs, stability, 'normalcy'
I've been in the workforce right around the beginning of 1984 America (2008+) and can say that dropping out of college wasn't a good idea, it was a fucking GREAT IDEA!
I have a small group of friends who are employed, who are talented people with degrees in STEM subjects who are employed, but the vast majority of people in my age group who started college at the beginning of 1984 America are completey fucked. They're happy to have retail jobs and most of them are working in restaurants or as bar tenders.
Any kid coming out of highschool today is super fucked unless they're super smart and can get a STEM degree in 3.5-4 years and get internships.
Those majoring in liberal arts and business are not getting real corpoate jobs, they're falling behind in life.
Most of todays 18-20 year olds never even had a job in highschool because all of the losers in my age bracket are working their minimum wage job.
I dont use social media anymore, but I've deduced that it is a clever instruement created by the masses to occupy these feeble minded proles, that is, until their debts can no longer be serviced and they'll be sent off to fight in wars by the bankers and be grounded up into dust.
Anyone who brings a child into this world should be ashamed of themselves. What lies ahead will be completely terrible and a complete nightmare.
I agree with you until your final remark. If people were thinking and motivated, they'd be having all the children they could have. Big families create their own power and energy if mustered properly. I know that's considered way way out nowadays, but was it ever easy having large families?
I'd agree with you too, but you need to realize that as we transition into a total totalarian state, the government will control more and more of your kin and use them against you.
Michelle Obama has campaigns to make kids RAT on their parents for anti-gov't sayings.
-Dipshitmiddleclasswhitekid
That's why convenience will need to be sacrificed for self determination, i.e. home schooling those children rather than boring them for the State, to be raised (as opposed to reared) by the so called village.
"Most of todays 18-20 year olds never even had a job in highschool because all of the losers in my age bracket are working their minimum wage job."
In states like California with an endless supply of illegals, many 18-20 year olds who are U.S. citizens find it difficult to find even minimum wage jobs.
"Most of todays 18-20 year olds never even had a job in highschool because all of the losers in my age bracket are working their minimum wage job."
In states like California with an endless supply of illegals, many 18-20 year olds who are U.S. citizens find it difficult to find even minimum wage jobs.
My Father never gave me a car.
He gave one to my niece. She doesn't even want to drive it.
I Own 2 Ferraries, and am waiting for my (8) speed ZO6
"I Own 2 Ferraries.."
You'd think you'd know how to spell Ferrari. Isn't it on the logo?
2 pink ferrarays
LOL! If you had 2 Ferraray'es - then why would you own a Z06 too. Chevrolet makes total shit. I don't care if they have better workers in Cuntucky making those Vettes. Why the f**k would you want some shit from UAW hillbillies when Ferrari hires the cream of the crop in Italy. It is like a national honor to work there.
8 speed? Most F1 cars had 7 speed gear boxes. 8 speed would be BS unless you are on the autobahn and even on paddle shifters it would be BS.
Those paddle shifters on a Ferraris can change gear in less than 50 miilliseconds. I am not sure how fast the Ferraries change gears.
Nice!
I have a few more months at my current corp job and I think its time to head off to the races and start goin heavy in FX & options (:
My dad said the same thing in 1970 to me before I had children. My 40 something son and daughter are quite happy with their lives. They do have graduate degrees and good jobs but my much younger daughter is a hairdresser and she enjoys life too.
See GUILT in the fourth chart.
http://patrick.net/forum/?p=1223928
HALF wildlife species? B.S.
The author should quit his belly aching and prepare for himself and his relatives to die from ebola, controlled nuclear war and starvation.
lol Latitude25
Doesn't exist.
1) Granny on social security to afford food and rent.
2) $1T in college debt needing to be repaid, with the wage base declining as bread winner jobs are offshored.
Rock meet hard place.
The fact is there's not enough real 'stuff' and opportunity to go around.
There is a breaking point.
Obama has been managing the gradual decline so far by printing money and giving it to the 'entitled.'
The fear should be when this may unravel quickly as Hemingway so eloquently speaks:
"How did you go bankrupt?"Two ways. Gradually, then suddenly.”
I am no fan of Obama, but the money has been going to a lot more than the "entitled".
I know so many old farts younger than retirement age collecting a check for "disability", medical care, and other things, far more coin that they ever put in.
A lot of them could work if they had to, but they have been living the easy life for so long and belly aching how tough it is, they would be too lazy to get up in the morning to make it to work on time.
I am in my 60's and too proud to stoop low enough to take money from .gov, as it is like giving them the shackles and keys to fasten around my ankles and wrists.
please do take money from the government, in any way you can - the sooner the collapse, the better our chances of making it past it, and building a better system.
if you're worried about becoming dependent on the gov, give the money away to someone that's doing good with it.
I'd much rather someone that worked har all of their life collects gov't funds in the form of a social security check, rather than some fatass "disabled" slob in their 40's.
Think it's bad now...wait until robots are able to do nearly everything. EVERYONE is gonna be fucked...unless you own energy production, the networks, or build the robots.
Many great points. Been arguing against generational theft for some time. All I get is grief and pitchfork yielding, pharma enduced, purple pill popping boner enhanced, artificial knee hip and shoulder old fart bags cussing ne out. Im all for pushing granny off the cliff at this point. But first things first empty her purse, fence all her shit, empty her bank accounts and pay down all this godamn public fucking debt. Oh, and hang the thieving fucking politicians while we"re at it.
To save the younger generation will require sacrifice which I do not see an increasing portion of the older generation either willing or able to make.
Demographic imbalances, an increasingly hedonistic lifestyle, debt surges to finance insane house prices and good times, high cost wars and a welfare state that has replaced family responsibility, have all ensured that the next generation does not have a strong base on which to operate from.
Sure, the older generation is still working even after their 65th year but that's to make up for a lousy retirement savings and not so much to create something for the younger generation.
I was blessed to have had two parents that were greatly focused on raising me the best way they could and to provide for my future while also contributing to their community in very tangible ways.. I find myself doing the same for my children and grandchildren as well as my community.
The delicate balance of families has been damaged in many ways and unless that is restored and unless virtue in life is seen as a must, I am afraid things will only worsen.
fuck erurope, and fuck anyone named raul telling me I'm to blame for the fuckall goin down all around me.
I dint build this shit, some body else did that for me.
an fuck all the pencil dicks who were brainwashed into believing they had to go to a glorified high school to learn anything that could be got in a library or on the interwebs.
The deeper mechanisms have always been that social success was more and more based on backing up lies with violence, which became systems of legalized lies, backed by legalized violence, which accelerated at an exponential rate throughout all of human history, (with relatively minor bumps along the way.) There was never any way that any previous generation could prevent the best organized gangs of criminals from controlling civilization. There was never any time when the flow of energy through human systems did not follow its path of least resistance, which was the human path of least morality: governments are the biggest form of organized crime, controlled by the best organized gangs of criminals, because they must necessarily be.
Of course, the younger you are, the more you are being lied to, cheated and robbed by the political system that you were born into. However, it is much worse than that, the more that one learns about it. THE CORE IS THE FUNDING OF THE POLITICAL PROCESSES, which I have specialized in studying and working upon for a few decades, only to always discover that the more I learned, the worse it got! Think about the MAGNITUDE of the runaway effects of the international bankers capturing control over the American monetary system, so that private banks are allowed to make the public "money" supply out of nothing as debts! That necessarily drives runaway social polarization, and destruction of the natural world, because everything is being operated via fundamentally fraudulent financial accounting systems. The entire political economy is based on ENFORCED FRAUDS ... However, the more that one learns about how and why that worked, the clearer it becomes that the feedback loops between the crazy corruption of the monetary systems, and EVERYTHING ELSE, through the nexus of the funding of the political processes, have become like a metastasizing cancer, or a parasite killing its host. THERE ARE NO PRACTICAL WAYS FOR ANYONE TO DO ANYTHING ABOUT THAT, EXCEPT FOR A SLIDING SCALE OF MAKING IT WORSE FASTER, VERSUS SLOWER.
Arguing that any previous generations should have not allowed its own groups of best organized criminals to make and maintain the governments of their day is similar to telling water that it should flow up hill. It is possible to engineer a pump, within limits, that can pump water up hill. However, that does not violate the laws of nature, but rather continues to work within those laws. The essential problem that America and the whole world faces is that backing up lies with violence has been socially successful, and everything is based upon the history that success. The degree to which that has worked means that not only did the real world become controlled by the people who were the best at being dishonest, and backing their lies up with violence, but also all of the publicly significant "opposition" was also controlled to operate within the same frame of reference as the established systems.
To change the ways that we talk about these problems would require regarding human beings and human civilizations as operating as general energy systems, which have become so totally dominated by systems of legalized lies, backed by legalized violence, so much, for so long, that everything that we say, throughout the basic natural languages that we use, like English, and the basic philosophy of science that we were taught, are backwards, since those are all the result of the triumphs of the biggest bullies' bullshit social stories.
When one tries to tell young people more radical truth, one discovers that they mostly do not want to know it, while even less do older generations want them to be told more radical truths. We are already too far gone. It no longer is a question of reaching tipping points, we are already tilted to almost a vertical cliff. The runaway systems of social slavery, which became more sophisticated systems of debt slavery in the North American context during the previous Century or so, have already reached the levels of debt insanities. There are no longer any mathematically possible ways for the established debt slavery systems, based on MAD Money As Debt, to fix their debt insanities numbers within their own frame of reference.
To be realistic about the nature of the problems facing young people, and even more so for those who are not yet born, requires facing the deeper facts: all private property was based on backing up claims with coercions, while money was measurement backed by murder. The debt controls were always based on the death controls. Those death controls were always done through the maximum possible deceits, in order to back up the debt controls which were done through the maximum possible frauds. Since we have already reached levels of debt insanities, there is no way now to stop that provoking death insanities. It already is, of course, and that will automatically continue to get worse, faster, at an exponential rate, for the foreseeable future. IF, IF, IF we were to resolve those problems in ways that made greater uses of information, which enabled higher consciousness, then we would have to face the facts about the ways that the combined money/murder systems actually developed, which would embrace the ways that the debt controls were backed by the death controls.
The real future is going to continue to be controlled by that complicated and entangled relationship of the debt controls being backed by the death controls. The only theoretically possible realistic solutions would require developing better death controls, to back up better debt controls. Young people today are looking at the various turning points in human history where the exponential growth based on being able to strip-mine the natural resources of a fresh planet are running into real limits of diminishing returns. IF, IF, IF there were going to be genuinely better resolutions of those real problems, then that would take the emergence of better integrated human, industrial and natural ecologies, in which their death controls would be the central core.
Since our existing society is based on the long history of the most socially successful death controls being operated through the maximum possible deceits, upon which foundation was built debt controls, based on the maximum possible frauds, while all the significant controlled opposition groups to those established systems are just as full of the same bullshit, if not more so, hence, there is nobody going to be able to effectively inform young people about any of the more radical truths that they would need to understand, to cope better with their runaway problems. Most of them will struggle, less and less successfully, to try to function within the established systems, which have already become too criminally insane to cope with those runaway problems, which those systems created by operating through attitudes of evil deliberate ignorance, due to their social successes actually being based on backing up lies with violence, which got away with ignoring everything that they wanted to ignore, as those systems privatized the profits, while socializing the losses. Those systems have reached the tipping points where the socialized losses are greater than the privatized profits, however, due to the ways vicious feedback loops of the funding of the political processes operate, it continues to be that only the privatized profits are counted, while the greater socialized losses are discounted and disregarded, despite accumulating to become WAY BIGGER! Psychologically speaking, greedy stupidity is more socially successful in the short-term, and therefore, that continues to be what is driving us towards creating the real futures we face.
As is pretty well the case in most articles featured on Zero Hedge, the article above grossly underestimates and understates the MAGNITUDE of the problems, and therefore, continues to indicate "solutions" which are similarly superficial. The basic problems that the human species faces are the paradoxical ways that systems of artificial selection have developed from natural selection, in ways whereby the greatest social successes were achieved by backing up deceits with destruction, enabling the triumph of systems of enforced frauds. The few people who understand that somewhat better still tend to collapse back to the same old false fundamental dichotomies, and related impossible ideals based on promoting more of "The Truth." However, "That Truth" would be blinding white light, so bright it could not be seen, or roaring white noise, so loud it could not be heard, and so on and so forth for all the senses, as well as for our abilities to think.
The more radical truth is that all human realities are always organized lies operating robberies, which develop dynamic equilibria between them. Looking at human civilization through intellectual scientific revolutions can explain how and why we have the currently established systems being governments as the biggest form of organized crime, controlled by the best organized gangs of criminals. To be consistent with that analysis when turning to the possible synthesis of better resolutions to those social situations requires that we develop better organized crime, through which better death controls back up better debt controls.
However, obviously, at the present time we are headed towards the psychotic breakdowns of the established systems, since the debt slavery has already generated numbers which are debt insanities. Furthermore, those are already being backed up by death insanities. Therefore, the most probable scenarios for the foreseeable future are for those to continue to automatically get worse faster. That is especially the case because the controlled opposition groups will continue to promote their kinds of old-fashioned bogus "solutions" from within the same frame of reference that made those problems in the first place, namely, false fundamental dichotomies, and the related impossible ideals, which actually cause the opposite to happen in the real world.
Americans are now dominated their two most significant State Religions, the monetary system, and national security, which are combined as forms of legalized frauds and deceits, which are driving themselves towards psychotic breakdowns, due to the paradoxical ways that basing everything on the foundation of enforced frauds must necessarily become increasingly problematic, the more "successful" that becomes. The younger you are, the more probable it becomes that you will live through the psychotic breakdowns, where the driving debt insanities provoke death insanities. To be realistic* about that (*NOT to collapse back to false fundamental dichotomies regarding that), means we need to face more of the basic facts, and deal with them forthrightly.
However, all of the established systems, especially the core questions of the funding of the political processes, are already too terminally sick and insane to be able to fix themselves. Rather, there are no possible reforms to the current systems, which could work within their frame of reference. The younger you are, the more certain it becomes that there must be revolutions. Ideally, those should primarily be intellectual scientific revolutions, however, in the real world the driving forces will be the back-up systems, whereby the crazy collapses into chaos of unfixable debt insanities drive paroxysms of death insanities. In reality, it will be out of the unstoppable severe social storms of death insanities that there may emerge some opportunities for revolutions.
At the present time, we are still in the relative calm before those severe social storms necessarily blow through. There is constantly being pumped more energy into the establish social systems, which are already manifesting debt insanities, backed by death insanities, although those have not yet been organized into the kinds of intense social storms that one can reasonably expect in the foreseeable future to self-organize. The basic facts are that human beings operate as entropic pumps of energy, and therefore, human civilization operate according to the principles and methods of organized crime. The established systems are operated by the best professional liars and hypocrites, while their controlled opposition matches them in those ways. The way things work now is that there are runaway enforced frauds, opposed by those who promote impossible "solutions," based on there being the idealized opposites realized, despite that throughout history promoting those impossible ideals has actually caused the opposite to happen more and more. Rather, the real world is always systems of lies operating robberies. The only actually possible changes are to the dynamic equilibria between the different systems of organized lies operating robberies, resulting in changes in those systems.
There is not much doubt that some of the younger generations are being set up to be sacrificed: "all there will be left for them are nightmares." The time scale is open to reasonable debate, and nobody could possibly know for sure how that will play through. However, all the signs say that young people today are going to be living through the decline and fall of the civilization that they were born into. Of course, in that context, I would recommend that they need more radical truths, to guide revolutions. However, obviously, at the present time the entrenched systems of the funding of the political processes make that practically impossible. Instead, everything is set up to try to double down, and double down again, on backing up bigger lies with more violence, and so, revolutions might emerge through the ways that maybe some people shall survive through that ???
The only way to survive this humongous problem is to default on a world wide basis or nuclear war - or death as so many have chosen by suicide already. (more than by automobiles now)
We can't get the jobs back, we can't even defend ourselves from southern hoards, we can't produce because we have not taught our children how, and we have lost the backbone to kick out the political scum - fuck them all from here in the wilderness.
hoard
noun: hoard; plural noun: hoards
1. a stock or store of money or valued objects, typically one that is secret or carefully guarded.
horde
noun: horde; plural noun: hordes
1. (derogatory) a large group of people.
Thank you for the correction - now work at solving some of the larger problems. I already have my land, hoard, animals, and bullets to keep my family safe from the hordes.
I hope your critical thinking and keen literary observation skills did not leave you with a hoard of student loans. sarc.
The young continually vote for liberals who increase the size, function, scope and debt of the state.
They have been brainwashed in public schools to go along to get along with liberalism and its insane views that fly in the face of human behavior and history.
Pass laws for free everything like healthcare, open the borders, etc....and someone else (the "rich") is always going to pay for it. They truly cannot do an once of critical thinking. They are "progressive" and collectivist.
I feel sorry for them, but you cannot help a people that demand their own destruction.
At least they have dope, which is becoming legal everywhere.
Dingleberry, those same people are taking us with them. I don't feel sorry for them, I feel sorry for us.
How would you like it if we used a straw Dingleberry argument? Nothing you wrote even borders on reality but you have an incredible grasp of what passes for the current wisdom. So who is propagandized?
debt-dealers shouldn't be allowed near schools
pssst hey kid want some free money? Its all government backed and legal. So what if it imprisons you in debt for the next thirty years. Live for today - have a puff.
exactly - one loan won't get me hooked
Okay Mr know-it-all ...
I did the best I could given my circumstances and as far as I know, at least a couple decades ago that was enough.
Not sure where the bar is today ... I suspect having being taken over by the BORG, it don't matter.
EDIT: My two children have turned out okay, despite the current PC environment. Just call me a proud parent ... maybe not a success by popular definition, but definitely a success by my standards.
Yes but they still are saddled with the debt you left them - by your government as allowed by our generation. I don't think they will feel that it has turned out okay.
I've not left them any debt. Unless you mean the generational debt thing, and quite frankly ... we all bear that debt.
Well that "...generational debt thing..." IS THE PROBLEM.
Yes we all bear that debt. That is a very bad problem. Unfortunately it is that which will end up collapsing that which we have now. Your children will be living in squalor as a result.
You love your children so much that "..the generational debt thing..." will assure that they live impoverished.
Hey,
I didn't order that aircraft carrier.
Don't blame me.
I can't even get that pothole at the end of the street fixed.
You will beg for the aircraft carrier when the hordes invade your home - until then, get your neighbors together and fix that f--king pot hole yourselves.
the people to blame are the debt-dealers.
Intermingling the Education bubble and the exponential Debt trajectory
with "global warming" and "species extinction" -
Epic fail!
Ah hah!
MOAR problems caused by the NWO, now proscribed to be solved by MOAR NWO proscriptions.
Brilliant
From Chaos, Order
My Best to Mrs. Knuks.
I forgot J.R. Sue Ellen likes some love.
if you combine game theory with evolution it should be obvious that wherever there is a parasitic niche (e.g. money-lending) within a human society then a caste will eventually adapt to fit that niche. it's inevitable. the solution is to close down parasitic niches (e.g. money-lending) whenever they are identified. no need for anything unpleasant - just close down the niche.
it might be too late for Rome 2.0 but the banking mafia are currently moving into South and East Asia so those people at least have a chance to close the niche down now before too much damage is done.
Sure, Asia has not fallen to the temptation of materialism. Want car, want TV, want house - no money to pay cash - well go into debt or start rioting.
Your 100% right.... If you think americans are materalistic... talk with a chinese person for 10 mins lol
They problem isn't lending.
The problem is the lender of last resort being able to 'create' the money it lends.
Why is it illegal for you to print up Benjamins in the basement and loan them out but they can...and do?
Fake money is the problem, not lending.
Dig deeper and you will see that fiat money is the fundemental issue.
Gold is a store of labour, printed fiat is a promise of " your " future labour. A promise printed by those who do not labour but who simply skim from those who do.
The only way mankind will ever prosper again is when the private central banks are turned to dust.
pssst! haven't you heard? it is being blamed upon the muslims this time. they are the cause of all bad things, filthy pigs.
look at all the problems they have caused. i was for blaming every bad thing on the jew again since everyone is used to it and it works so well. there would have been no problems.
Islam doesn't tolerate usury according to the Koran or so I've read.
Better keep reading.
Arabs look at lending the same way Billy Clinton looks at oral sex.