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The Disgrace Of Sacrificing A Generation

Tyler Durden's picture




 

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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Sun, 10/12/2014 - 01:06 | 5319859 Yen Cross
Yen Cross's picture

 

 These little "Pepperdine Punks" are mentally deficient.

 Listening Latitude25 ?

  How's the bathsalt wash
Latitude25

     Okay , I spend my Saturdays with a bottle of "rubbing alcohol"

   Tell me why every single Fed. repository is spiked with money supply. Here's the St. Louis fed link

 M2 Money Stock - FRED - St. Louis Fed

Sun, 10/12/2014 - 01:10 | 5319866 ersatz007
ersatz007's picture

One word:  INFLATION.  The idea that inflation is a good thing will destroy this civilization as it has past civilizations.  The concept that during a person's lifetime 'money' will be worth less than 1/2 what it was when they are born is insane.  It allows the system to be gamed.  And gaming the system usually ends up hurting everyone in the long run. 

Sun, 10/12/2014 - 01:19 | 5319867 homebody
homebody's picture

This time inflation will not be sufficient to solve the debt problem of the world - maybe ten years ago.  It almost happened but the bankers intervened.

Sun, 10/12/2014 - 10:48 | 5320496 layman_please
layman_please's picture

i think it's even worse. the only problem with the INFLATION is not the THEFT, but also that it enables the very few to control the productive human energy of others through the money creation without any cost (free labor). in short, this is SLAVERY, slavery of the entire mankind with only a handful of selected masters.

Sun, 10/12/2014 - 01:48 | 5319872 zebrasquid
zebrasquid's picture

The thesis of this piece is not far from the truth.
I'm a Boomer and all of us recall the 'The Me Decade' label of the 1970s. Naturally there are millions of exceptions, but the boomers were, in general, a more self-centered bunch than their parents and grandparents.
As products of relatively affluent, easier times, sure we were a little on the spoiled side. The Me Generation, really. And our kids and grandkids are naturally even more so.
So here we are. We were handed much and grabbed for it all.
The trillions of spending and debt etc. naturally followed.

We're going to need a big depression to break the cycle and get a reset. Hopefully our kids and grandkids survive it and are ultimately better people for it, and their offspring will be the real beneficiaries. Then the cycle begins again, pretty much inevitable and unstoppable.

Sun, 10/12/2014 - 01:36 | 5319876 user2011
user2011's picture

Folks, there is a reason why countries are including prostitution and drug dealings into GDP calculations. Because it is a hint that young people should start considering a career in them.

1. Legalizing the weed.
2. Legalizing prostitution include gay prostitution
3. 1 & 2 will boost further tourism. Many tourists will pay high price to smoke weed and fuck Americans. That by itself will boost employment to real all time high.
4. IPO the weed smoking chains and whore houses. That will push Dow to 30,000. And thus saving all the folks in the wall streets and all the 401K and retirement accounts.

Sun, 10/12/2014 - 01:45 | 5319881 homebody
homebody's picture

"Alas Babylon" in both applications of the expression. 

Read both books.

Sun, 10/12/2014 - 02:08 | 5319896 El Gordo
El Gordo's picture

I for one am not falling for the guilt trip.  I thought the old "do it for the children" cliche had already run its course.

Sun, 10/12/2014 - 03:17 | 5319926 Yen Cross
Yen Cross's picture

 You BITCHEZ want to do charts.

  Lets dance. I'll draw charts all day long.

 BITCHE

 You little bitchez want to learn alpha/beta @ P/E ratios?

 You little bitchez want to learn how to define risk?

Sun, 10/12/2014 - 05:26 | 5319981 Tall Tom
Tall Tom's picture

You mean that if the prices for stawks are elevated it means that the upside potential is limited but there is much more downside potential?

 

Does that mean that it is risky to BTFATH?

 

OMG.

 

Okay...okay...Now I am going to have to scream at Janet.

 

DAMNIT JANET. I LOVE YOU

 

https://www.youtube.com/watch?v=NBjVBbeqf7E

 

PRINT MOAR. NEED MOAR.

 

See what you made me do? Are you happy now?

Sun, 10/12/2014 - 05:22 | 5319982 Tall Tom
Tall Tom's picture

Duplicate.

Sun, 10/12/2014 - 03:53 | 5319944 fxpmtrader
fxpmtrader's picture

The 99.99% sheeple get what they deserve/elect.

They let it (the 0.01% stealing and lying and cheating and enslaving and ...) happen - since thousands of years. Since stonage.

The 0.01% hydra just exhanges one head (telepromter) with another one - and the short lived memories of the dumb animals (sheeple) are again cheering and elect again and again the same hydra.

So don't complain about the government and the bankers and the oligarchs - complain about how it is possible that the human race (fucking dumb sheeple) can remain so dumb and so ignorant for such a long time.

Sun, 10/12/2014 - 07:57 | 5320054 Liberty2012
Liberty2012's picture

Both. It takes two to tango.

Someone else being wrong doesn't relieve my responsibility, it intensifies it.

Sun, 10/12/2014 - 16:22 | 5321564 Radical Marijuana
Radical Marijuana's picture

It was vicious spirals, taking two to tango, but the lead was those who were dishonest and violent, in order to keep the others ignorant and afraid Furthermore, there is a deeper problem with respect to genuinely better resolutions of the chronic political problems, which is that THERE MUST BE DEATH CONTROLS. The deeper aspect of the problems are that history selected for the actual death controls to be done through the maximum possible deceits, upon which basis it was possible to build political economy based on enforced frauds.

One of the major reasons why the Zombie Sheeple are not able to more effectively resist is the Black Sheeple who try to lead them backwards, towards old-fashioned impossible ideals, that always backfire badly, and continue to actually make the opposite happen in the real world. I repeat a point made by tumblemore above, which is typical in being good analysis, followed by bogus impossible "solutions:"

"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."

The REAL human ecology has developed through the history of warfare, in which success was based on deceit, to morph to become the basis of a political economy where success is based on fraud. The vast majority of the Zombie Sheeple do not understand that, and have been conditioned to not want to understand that. Meanwhile, the controlled opposition Black Sheeple only superficially understand that, while continuing to promote impossible ideals as the basis for bogus "solutions" which never actually work in the real world, and therefore, actually cause the opposite to happen.

The Zombie Sheeple who begin to "wake up" tend to start to follow one of the various Black Sheeple groups, to attempt to realize impossible ideals. One of the main reasons why the vast majority of people continue being Zombie Sheeple is that the publicly significant opposition to the established systems is almost totally controlled, so that what they promote continues to actually make the opposite happen in the real world.

The oldest book on the Art of War SHOULD be seriously studied. The most important things it stated was, first, successful warfare is based on deceit, and therefore, second, spies are the most important soldiers. THAT APPLIES TO HOW THE RULING CLASSES HAVE WAGED WARS AGAINST THE PEOPLE THAT THEY RULED OVER! In that context, fxpmtrader, I agree with your statement of the FACTS regarding the social system which is, metaphorically, a tiny minority of vicious wolves, and their more domesticated dogs, controlling vast flocks of people who act like Zombie Sheeple, but, I do not agree with your psychological implications regarding that: "The 99.99% sheeple get what they deserve/elect. They let it ... "

In my view, that kind of excessive psychologizing of the chronic political problems prevents recognizing that THERE MUST BE DEATH CONTROLS, and therefore, only better death controls can be realistic solutions. That is what one NEVER gets from the Black Sheeple, who are the controlled opposition groups, that lead the Zombie Sheeple backwards.

From my perspective, as I outlined in my comment above, the path towards necessary revolution goes through the established debt insanities provoking death insanities, which MIGHT make the emergence of better systems of death control possible. What we should be doing is going through intellectual scientific revolutions, to integrate greater use of information, enabling higher conscious to operate better death controls. Human systems of artificial selection were created by natural selection pressures. However, the previous history of that developed artificial selection cultures to be operated through the maximum possible deceits, which included BOTH the established systems and their controlled opposition groups operating within the same frame of reference of deceitfulness regarding the operation of the death controls, which were central to actual human ecology, and must necessarily be central to any evolutionary ecology, given the chronic political problems inherent in the nature of life.

Sun, 10/12/2014 - 17:40 | 5321753 bunnyswanson
bunnyswanson's picture

I'd agree with you but the media is the problem.  When the messenger is giving the wrong news, tainted news, omitting news, it is impossible to know what is really going on unless one spends time searching the web sites.  Being overwhelmed in a jobless, collapsing society, it's mind boggling to just get through the day, for a family, let alone spend hours reading alternative news.

 

https://www.youtube.com/watch?v=wTCI3xPZMjY

Morris108 gives his opinion - 5 min

Sensory overload is the tactic.

Sun, 10/12/2014 - 19:49 | 5322199 Radical Marijuana
Radical Marijuana's picture

Morris also makes the valid point that 'spying' has been PRIVATIZED!

The PRIVATIZATION of the public "money" supply is being followed by PRIVATIZATION of the previously public murder/military system. It has become totally impossible to comprehend how CRAZY are devolutions via privatization of the money/murder systems! The ways that organized crime have captured control over the government were first and foremost to legalize the counterfeiting of the public "money" supply, and turn that over to private banks, who have run away with the power they gained from being able to do that! However, that has NOT stopped there. The psychotic monetary system state religion, based on triumphantly enforced frauds, which are ABSURD social insanities (*other than as the result of the success of applying the methods of organized crime to capture control over the powers of government) ARE NOW BEING SURPASSED BY THE MILITARY POWERS BEING PRIVATIZED!

Young people are facing a situation wherein the society that they were born into is becoming more criminally insane at an exponential rate. There is virtually nothing left in any of the public debates about politics that makes any actual sense, because of the ways that organized crime almost totally dominates governments, and thus, the powers of "We the People" are being more and more privatized, to be used to defraud, rob and murder them, and so, have gone OUT OF CONTROL. Literally, NOBODY could understand anymore how psychotically insane the privatizations of the combined money/murder systems have actually become!

Sun, 10/12/2014 - 04:54 | 5319970 Bangalore Equit...
Bangalore Equity Trader's picture

Listen.

Toshiyuki Hayashida, 43, safety control team member, Sept. 28, 2014: Fearing he would not survive the escalating crisis, and at a loss for words, he [emailed his wife] just a single sentence: “Please take care of everything for me.” He then spoke by radio with two of his co-workers measuring radioactivity near the complex’s main gate. “If the radiation level soars, run for your lives”… [He] grabbed canned beef and… thought to himself, “This is going to be my last meal.”… [He] grabbed a spoonful… and realized he had lost his sense of taste.

http://enenews.com/officials-typhoon-caused-significant-increase-radioac...

Sun, 10/12/2014 - 08:13 | 5320069 Cautiously Pess...
Cautiously Pessimistic's picture

Fukushima.  Endless supply of radionuclides coming to a neighborhood near you.

 

GE -- 'We Bring Good Things To Life!'

 

Sun, 10/12/2014 - 07:07 | 5320023 Infinite QE
Infinite QE's picture

Anything the Bolshevik touches gets destroyed. America once the envy of the world has been destroyed by the Bolshies.

Sun, 10/12/2014 - 07:52 | 5320047 jayman21
jayman21's picture

Tyler - ice melting on TV....come on.  I love reading ZH, but this one is really bad including the comments.  Yahoo comment section comes to mind.

For the yahoo posters who do not know the entire quote.

http://www.goodreads.com/quotes/251836-we-re-so-self-important-everybody...

 

Quote from George:

“We’re so self-important. Everybody’s going to save something now. “Save the trees, save the bees, save the whales, save those snails.” And the greatest arrogance of all: save the planet. Save the planet, we don’t even know how to take care of ourselves yet. I’m tired of this shit.
Sun, 10/12/2014 - 08:18 | 5320073 SmallerGovNow2
SmallerGovNow2's picture

Ditto.  But one of the parts the author got right...

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?

Sun, 10/12/2014 - 08:24 | 5320080 shovelhead
shovelhead's picture

They're gonna learn those skills anyway.

At least the survivors will.

Sun, 10/12/2014 - 09:26 | 5320197 jayman21
jayman21's picture

Agreed - I just wish we had a "anti divide and conquer" word in our language.  Once we have a word for this action, then we have a chance, otherwise, agreed on basic skills and nature will sort it out accordingly.

-was not expecting anyone to respond.  Love ZH memebers and the thought exercises.

Sun, 10/12/2014 - 07:49 | 5320049 Liberty2012
Liberty2012's picture

I'm glad some young people realize they need more than what they're "given".

Awake and alive.

Good work.

Sun, 10/12/2014 - 08:07 | 5320063 djsmps
djsmps's picture

OT-The first confirmed case of Ebola transmitted in the US was just announced. It is a health care worker in Dallas.

Sun, 10/12/2014 - 08:19 | 5320075 Cautiously Pess...
Cautiously Pessimistic's picture

"Well, that escalated quickly"

Ron Burgndy

 

I am still suprised that none of the people stuck in that apartment have shown up with symptoms yet??  And what about Juan and Paco, you know, the guys from TWO MEN & A PRESSURE WASHER, who were hired to water blast the vomit away on the sidewalks.  How have these people escaped this disease?  Lucky I guess.....

Sun, 10/12/2014 - 08:41 | 5320101 Cthonic
Cthonic's picture

Virus levels increase drastically in the later stages of the disease in what is known as 'amplification'. 

 

 "Reluctantly, Jallah and the others left the hospital and returned to Troh’s apartment. While a cousin swept the floors, Jallah placed the blanket she had bought back on her mother’s bed, sprayed disinfectant throughout the apartment and sprinkled liquid Clorox on the furniture.

“Don’t sleep in that bed,” she told Troh... Later, she bought her mother sanitizers, a makeshift mattress and two new blankets." -- Wash Post article

I can't find it in that article, but she also stated she took a bath with clorox in it when she returned home.  They knew what they were dealing with.

Sun, 10/12/2014 - 08:22 | 5320079 Cthonic
Cthonic's picture

 "The preliminary test result was announced early Sunday morning, four days after the death of Ebola patient Thomas Eric Duncan; the diagnosis has not yet been confirmed by the U.S. Centers for Disease Control and Prevention. The Texas Health Presbyterian Hospital worker had reported “a low grade fever” on Friday, the Texas Department of State Health Services said in a statement. This person “was isolated and referred for testing.” The preliminary test result was received late Saturday."

Since it wasn't the CDC, I wonder who did the 'preliminary' testing.

Sun, 10/12/2014 - 08:09 | 5320065 Cautiously Pess...
Cautiously Pessimistic's picture

You guys just don't get it.  It is like week 4 or 5 at Dancing with the Stars!

 

This is all you need to worry about  >>>>> http://abc.go.com/shows/dancing-with-the-stars

 

 

Sun, 10/12/2014 - 08:21 | 5320077 shovelhead
shovelhead's picture

"We need to teach our children basic skills."

I agree.

Marksmanship.

Problem solved.

Sun, 10/12/2014 - 08:27 | 5320087 AdvancingTime
AdvancingTime's picture

The bottom-line is that an American born in 1945 can expect nearly $2.2m in lifetime net transfers from the "state" far more than they pay in, and far more than any previous group. A study by the International Monetary Fund in 2011 compared the tax bills of what different age citizens pay over their lifetime with the value of the benefits that they are forecast to receive.

To put this all in perspective remember if someone works for forty years earning an average of  $25,000 over their life they earn only one million dollars. The boomers are leaving a huge bill. Those aged 65 in 2010 may receive $333 billion more in benefits than they pay in taxes.This is a heavy burden to place upon the young. The article below delves deeper into this subject.

 http://brucewilds.blogspot.com/2013/03/the-young-will-be-burdened.html

 

Sun, 10/12/2014 - 10:36 | 5320458 rejected
rejected's picture

Like I said in another post,,, it's always Grandma, never ever the real culprit called globalslaveism which our corporations and government still expound. The out sourcing, in sourcing, H1B Visa's and the Central American illegals are the major cause of this. Then add the wars and materials for wars that are still going on. Then add the free stuff for the FSA, the  Bankster payoffs, inflation and what have you. Has nothing to do with Ponzi and even less to do with Grandma collecting her $850 dollar check.

From the Article you reference:

"Recently an article on BBC news  said the weakness in the labor market and in the UK economy is on the pay side and that people are having to price themselves into jobs"

This is exactly the reasons for the above mentions policies by government and corporations. And who are the sources for the articles? The same "trustworthy" corporate and government aologists,,, BBC, The Fereral Reserve, and the IMF we all know and love!!! (at least some of us) These are the individuals shifting blame to a whole generation trying (successfully) to create friction between the groups. This "globalism" is never, never, NEVER mentioned.

I nor any boomer I know voted for any of this shit. We were completely against NAFTA and GATT and CAFTA but they were still approved. I have paid over $200,000 dollars into Social Security. The savings I have are now moot because of ZIRP and Globalism. I am continuing to work, continuing to pay FICA and Medicare, continuing to pay Income taxes and if I decide to start "collecting" SS, 85% of that will be taxed.Oh yea! My golden parachute.

 

 

 

 

 

 

Sun, 10/12/2014 - 11:27 | 5320634 moneybots
moneybots's picture

"The bottom-line is that an American born in 1945 can expect nearly $2.2m in lifetime net transfers from the "state" far more than they pay in, and far more than any previous group."

 

The bottom line is that since 1913, the value of a dollar has declined 95%.

It used to be that if one was a millionaire, one was rich.  The average retiree now needs to be a millionaire, just to live comfortably in retirement.

Sun, 10/12/2014 - 08:50 | 5320106 NoWayJose
NoWayJose's picture

The generation that will ultimately be 'sacrificed' will be those who have accumulated assets valued in 'fiat currencies'. The battle is already on against savers with banks and governments no longer paying real interest. It is inevitable when the debt bubble bursts that the banks and governments will taken possession of any fiat assets either by direct confiscation, by currency devaluation, or by raising taxes and fees.

Sun, 10/12/2014 - 11:30 | 5320656 moneybots
moneybots's picture

"It is inevitable when the debt bubble bursts that the banks and governments will taken possession of any fiat assets either by direct confiscation, by currency devaluation, or by raising taxes and fees."

 

Don't stop there. 

Sun, 10/12/2014 - 08:55 | 5320108 centerline
centerline's picture

Watch the younger generation vote for Hillary en masse.  That will be the point where this switches from them getting fucked to them fucking themselves.

Sorry.  But, they are old enough to do something about this too...  but, alas, they are closer to being "Wall-E"'d freaks than later generations.  Can't get the dick out of your ass unless you put the iphone down.  Guess they are still waiting for app for that.

Sun, 10/12/2014 - 09:06 | 5320131 headhunt
headhunt's picture

They are a product of one of the worse education systems in the world.

The good news is they will have high self-esteem and have learned that socialism and communism is the cure for their ills.

 

Sun, 10/12/2014 - 11:41 | 5320699 Frankly Speaking
Frankly Speaking's picture

I differ. It sure wasn't the "old" who marched on Wall Street. The old sat quietly behind their tv screens, fearfull of the loss of their government crumbs. ( Scotland )

Sun, 10/12/2014 - 08:56 | 5320109 Jameson18
Jameson18's picture

This is what a recent grad told me when I asked how they where going to pay their 212 thousand dollar collage debt and I quote. " I'm not going to the GOVERNMENT is " And when I asked who is going to the Gov. the answer was RICH PEOPLE. If you have young children it is your responsibility to train them correctly if you don't then you are the problem.

 

Sun, 10/12/2014 - 09:02 | 5320114 headhunt
headhunt's picture

How about we eliminate all the 'studies' courses at our Universities.

That would reduce tuition expense and students would have to take courses that actually helps prepare them for life.

Sun, 10/12/2014 - 10:00 | 5320324 armageddon addahere
armageddon addahere's picture

F off Meijer. Nobody asked me about this shit and if they had I would have told them not to do it.

The decisions were made by richer more powerful men than us, and they are the ones who made all the profits.

The rest of us wound up with the shitty end of the stick and you know it.

Sun, 10/12/2014 - 10:24 | 5320409 homebody
homebody's picture

Idiot.  Its not just the rich that wanted all that free shit.  Tempation is powerful when ethics fall.

Sun, 10/12/2014 - 10:11 | 5320355 homiegot
homiegot's picture

Someone pissed in this guy's Cheerios. 

Sun, 10/12/2014 - 15:07 | 5321357 hardcleareye
hardcleareye's picture

lololo

Sun, 10/12/2014 - 10:17 | 5320391 Fix It Again Timmy
Fix It Again Timmy's picture

The Federal Reserve - the mother of most of our pressing problems...

Dornbusch's Law:   The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.

Dr. Rudi Dornbusch

Sun, 10/12/2014 - 10:28 | 5320432 shuckster
shuckster's picture

Burn the Churches, kill the Churchies. Hang Bill Clinton. Put Hillary in prison. Put Bush Jr in jail and bury his father, alive prefarably. March Bernanke out into time square and shoot him. Geithner too. Take all CEO's and put them in work camps. Take all CFOs and put them in death camps. Take all Chairmen and women and hang them. Take Principles of schools and put them in the sald mines. Take all Senators and Congressmen and make them garbage men for life. Revoke pay to anyone making over $100,000 and permantently reduce their pay to $15,000 a year, or $8 an hour, which is less. Take all bankers and make them street sweepers, with brooms. Take all lawyers and cut their heads off. All real estate agents should be made to work in the oil fields of the Dakotas. All Stockbrokers should be stripped of pay and made to work at the dumps and recycling centers

Sun, 10/12/2014 - 10:28 | 5320433 shuckster
shuckster's picture

Burn the Churches, kill the Churchies. Hang Bill Clinton. Put Hillary in prison. Put Bush Jr in jail and bury his father, alive prefarably. March Bernanke out into time square and shoot him. Geithner too. Take all CEO's and put them in work camps. Take all CFOs and put them in death camps. Take all Chairmen and women and hang them. Take Principles of schools and put them in the sald mines. Take all Senators and Congressmen and make them garbage men for life. Revoke pay to anyone making over $100,000 and permantently reduce their pay to $15,000 a year, or $8 an hour, which is less. Take all bankers and make them street sweepers, with brooms. Take all lawyers and cut their heads off. All real estate agents should be made to work in the oil fields of the Dakotas. All Stockbrokers should be stripped of pay and made to work at the dumps and recycling centers

Sun, 10/12/2014 - 10:43 | 5320493 Fix It Again Timmy
Fix It Again Timmy's picture

Well that certainly would be a good start; the multi-faceted oligarchy needs a serious haircut - they've had a much too long of a run of things....

Sun, 10/12/2014 - 12:22 | 5320837 22winmag
22winmag's picture

The guillotine makes "haircuts" a breeze.

 

It's time to storm the Bastille.

Sun, 10/12/2014 - 11:19 | 5320615 moneybots
moneybots's picture

"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..."

 

Sounds like a propaganda campaign.

Sun, 10/12/2014 - 12:48 | 5320933 655321
655321's picture

Total propaganda piece. Blaming the public for voting wrong....really bad joke. Nice try ZH.

Sun, 10/12/2014 - 13:46 | 5321110 Lostinfortwalton
Lostinfortwalton's picture

At this point in the economic train wreck there is no excuse for a student not graduating in one of the majors that actually provide a job. There are still several majors that offer good employment including petroleum engineering, naval architecture, marine engineering, mechanical engineering, statistics, medicine, accounting, ect. You would have to be brain-dead to graduate high school in 2009 and go and major in psychology, sociology, anthropology and so forth. It would have been quite possible for the 2009 HS grad to go to a community college for two years and then transfer to a relatively low-cost state school to finish. At some point you have to play the cards life deals you. No sympathy at all here.

Sun, 10/12/2014 - 15:04 | 5321348 hardcleareye
hardcleareye's picture

I am a retired engineer... worked in the oil patch for some time... power generation later.  It has been my experience that the careers you have listed require a higher than average IQ AND of the people that have the higher IQ's, not all of them will have to ability to be good engineers...  for lack of a better description... a good engineer etc is a different breed of cat... their heads are wired differently!  lol   You can teach the up and coming Jr Engineers but that doesn't mean they can do the job....  square peg round hole!!!

So I voted you down because there are many reasonable excuses for not graduating in one of the majors you listed!!!

Further, to be really good at what you do for your career.... YOU HAVE TO LOVE IT!!!!!  When you lose the "passion/drive" and willingness/resourcefulness to do what it takes to get the fuckin job done or to solve the problem, it's time to move on and do something else. 

You should look into the educational background of the individuals that have made large contributions to our society....

examples, Albert Einstien, Thomas Edison, Michael Faraday, Bill Gates... and the list goes on and on... 

By the way...  the quality of the education being delivered in the US Universities is BEYOND shameful, second year curriculum in engineering is equivalent to my senior year at high school....  what a fuckin waste of the kids potential and my tax dollars!!!! 

Sun, 10/12/2014 - 15:05 | 5321349 hardcleareye
hardcleareye's picture

... bad internet connection..... and fat fingers

Sun, 10/12/2014 - 15:06 | 5321351 chistletoe
chistletoe's picture

I have hard assets.  I have paper assets.  I have no debts.

I do not participate meaningfully in the system,

nor do I participate in the rebellion.

 

I am sterile, and I have no children.

 

I am free, and having fun!!!!!  I love shorting stocks!!!!!

Sun, 10/12/2014 - 15:45 | 5321460 homebody
homebody's picture

Well let us complete the destruction of future generations - get reverse mortgages to the max. Die in massive debt. Do not pass on any useful productive knowledge.  Make all cars so complex that they will cost a fortune to fix so simply replace with 8yr loans. Kill every other living thing.  Increase the total control of all food factories to one or two foreign owned companies.  Crap the list is endless - I wish our kids good luck.

Sun, 10/12/2014 - 16:20 | 5321565 ClowardPiven2016
ClowardPiven2016's picture

don't worry...the democrats are going to raise minimum wage to $15 an hour and then everything will be fine.

Sun, 10/12/2014 - 17:13 | 5321690 matrix reinvented
matrix reinvented's picture

How can you love someone else if you don't know how to love yourself?

Sun, 10/12/2014 - 20:35 | 5322354 Otto Zitte
Otto Zitte's picture

Crock. 

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