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"Peak Dream" - The Death Of The Young American Entrepreneur
Despite the anecdotal evidence plastered daily on financial media channels of a scruffy, young, upstart working from his parents' basement and creating the next great social, mobile, analytics, cloud app worth a cajillion dollars, from nothing but tween eyeballs, the sad reality is the 'American Dream' for young Americans is over. As The WSJ reports, the share of people under age 30 who own private businesses has reached a 24-year-low, according to new data reflecting a generation struggling to find a spot in the workforce. While there are numerous possible reasons, one professors worries about the systemic aspect as "the fear of failure is the measure we should be most concerned about."
Overall, the U.S. “startup rate”—new firms as a portion of all firms—fell by nearly half between 1978 and 2011, and as The Wall Street Journal reports, the share of people under age 30 who own private businesses has reached a 24-year-low, according to new data...
Roughly 3.6% of households headed by adults younger than 30 owned stakes in private companies, according to an analysis by The Wall Street Journal of recently released Federal Reserve data from 2013. That compares with 10.6% in 1989—when the central bank began collecting standard data on Americans’ incomes and net worth—and 6.1% in 2010.
The Journal’s findings run counter to the widely held stereotype of 20-somethings as entrepreneurial risk-takers.
...
The proportion of young adults who start a business each month dropped in 2013 to its lowest level in at least 17 years, according to the Ewing Marion Kauffman Foundation, a Kansas City, Mo., nonprofit that focuses on entrepreneurship. People ages 20 to 34 accounted for 22.7% of new entrepreneurs in 2013, down from 26.4% in 2003, it found.
The plunge in business ownership captured in the Fed survey is an “interesting and worrisome finding,” said John Davis, faculty chair of the Families in Business Program at Harvard Business School. If the trend continues, he said, the U.S. economy could become less vibrant.
“We need startups not only for employment, but also for ideas,” Mr. Davis said. “It’s part of the vitality of this country to have people starting new businesses and trying new things.”
Costs are one part of it...
The costs of operating many types of small businesses have come down in the past decade, with the greater use of technologies that reduce labor costs. But young entrepreneurs face formidable financial hurdles.
The average net worth of households under 30 has fallen 48% since 2007 to $44,354. More than half of 18-to-29-year-olds reported one or more financial problems in the past year, a 2014 Pew Research Center survey found.
Their poorer financial condition hurts young graduates’ ability to tap their own savings, draw equity from a home or obtain bank loans to cover their startup or ongoing business costs, said Karen Mills, a senior fellow at Harvard Business School and a former head of the U.S. Small Business Administration, which sponsors programs to help small firms obtain financing.
But there is a bigger concern...
The decline in business ownership among young graduates also reflects a relatively low appetite for risk. Young people have less confidence, said Donna Kelley, a professor at Babson College. In an annual survey she oversees, more than 41% of 25-to-34-year-old Americans who saw an opportunity to start a business said fear of failure would keep them from doing so, up from 23.9% in 2001. “The fear of failure is the measure we should be most concerned about,” she said.
* * *
The core risk-taking backbone of America is being crushed under the weight of student debt, regulation, and short-memories of their parents suffering in the last 2 decades as 'wealth' has been eviscerated twice thanks to Federal reserve boom-bust cycles.
* * *
Why take risks? Why bother, when work is punished?
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Bye Bye America.
Why bother with starting a business when you can get on welfare and collect food stamps
Just ask the ask the Spanish and Greek youth ...
I blame the fraudulent debt based nature of the currency minted/printed by the self proclaimed "capitalist" winners, and most efficient exploiters, of WWII.
Just ask the indebted.
The AmeriKan Dream is over for the "useless eaters".
quite the opposite in China ... watched a documentary few months ago ...
interesting young people have the can do attitude ... even new songs to reflect the entrepenerial spirit there ... i guess its an all package alltogether
Young Chinese entrepreneurs want to have the next Alibaba...
http://www.latimes.com/business/la-fi-1226-china-tech-20141226-story.htm...
The Death Of The Young American Entrepreneur
Yep, Welcome to Obola's Amerikan toilet...
Where only the turds rise to the top.
"The decline in business ownership among young graduates also reflects a relatively low appetite for risk. Young people have less confidence,"
No, it is not about less confidence. It is young people are accepting the simple fact that the game is rigged. It hurts us all that big corps own everything.
Start a new country! 1776 inc.
https://www.youtube.com/playlist?list=PL9E8650DA66391797
We apparently have collateral accounts. I have no idea if this is true or hopeful thinking, or gatekeepers shepherding in the NWO with as few casualties as possible.
Combined International Collateral AccountsIn 1875 the wealth and assets of the royal families and nations held under colonial rule were centralized into one combined account to be used to the benefit of all nations of the world. This is known as the Combined International Collateral Accounts of the Global Debt Facility. Within its ledger is Saint Germain's Foundation Divine and World Trust which is now worth $1 quatrodecillion dollars. This money will be used to bankroll NESARA and the prosperity funds.
Extensions of this agreement were expanded through international treaties, some of which are still classified as top secret, including:
Jekyll Island Treaty (1910)
The London Treaty (1920)
The Second Plan of the Experts (1929)
The Hague Agreement (1930)
The Far East Combined Depositories Agreement (1932 1945)
The Bretton Woods Agreement (1944)
The B.I.S. / Allies Agreement (1948)
The Green Hilton Agreement (1963)
The Schweitzer Conventions (1968)
The Election / Appointment of Sole Arbiter Agreements (1995)
The Washington Panel (1998)
The Treaty for Respecting the Rights (2003)
This might be one money making cash cow for the Royals.
In 2011, DTCC settled the vast majority of securities transactions in the United States and close to $1.7 quadrillion in value worldwide. DTCC operates facilities in the New York metropolitan area, and at multiple locations in and outside the U.S.
https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation
- $1.7 Quadrillion is not much really, you don't even know how much that is...
- US Financial Worth is only like $110 Trillion at max
Screw your Total Transformation.
I'm taking my ball and I'm going home.
Play with yourself Obama......we don't have to do jack crap.
Have we sucked the light out of the room through propaganda?
http://www.shtfplan.com/headline-news/now-legal-declassified-documents-r...
But the Yutes have "Hope & Change." They even voted for it.
The "change" is in the vast amount of rules and regulations. I guarantee that if you rotate that chart 90 degrees you will see the increase in rules, licenses, regulations, and paperwork imposed on small business.
I'm a young-ish American Entrepreneur, but unlike my great-grandfather, grandfather, and father, I didn't build my company in America.
Fuck the USSA and all its parasites. Call me when you need the Zyklon B.
i hear about NESARA from time to time-that it is going to be released "ANY DAY NOW" for the last 10 years
what is it, $500,000? for every man woman and child; i KNOW that all 50 states have money making investments, which just stack up in bank accounts, not used for ANYTHING. just sitting there
you can go into your states budget and look for CAFR [combined annual financial report], all of our states are super rich according to the guy who pushes this. i looked up my state a few years back and bingo! it exists!
cant remember the amount in it but it was impressive
When you have a handfull of mega monopoly companies highly subsadised and/or not making profit dominating all business how could anyone expect to start something new from the ground up.
Why work for a living when you can just ride the coat tails of banking/finance and get a free ride.
Exactly. And how can a small business compete with unlimited zero percent capital from the fed?
There is a reason why there are retail branches of mega corps on every street corner. They are the ones taking no risk because the money is borred for nearly zero.
Look at amazon. Never made a profit. They just keep borrowing and burning more money, while undercutting the profit of eveyone else.
Big corporations are easier for the government to control.
Big corporations are government.
Small companies are competition. Bug, meet jack boot.
There are a lot of factors but in the highly regulated permission state it is not only risky to start a business it is complicated and takes a long time and then complying with everything from tax law to labor law to buidling code to OSHA to fired dept. to hell and back make traditional businesses that have a chance of hiring and paying anyone else less and less likely.
In China you can probably open a business in 30 minutes with a small amount of capital, a large demand base and that is motivating.
Yes, you have definitely hit one of the nails on the head. I operate an overseas distributorship for an american company. Back in the early 2000's it was possible to get things done and there was a flexibility on the part of US management to " make it happen" . In the last decade, the attitude has changed to confirmity, compliance, "everyone must be treated identically " process over end results.......you name it, but the bottom line is that nothing gets changed now , and no new activities take place. The corporateman has taken over, in turn taking his or her lead from the legal department. It all tmes to the aftermath of 9/11 ( whether or not this is the real cause and effect, i dont know, but the americans really shoved their heads up their asses after this event ) ......and its a structural issue that isnt going away without some new major crisis.
As said so many other times on ZH, empires wax and wane......the US is a shadow of its former self. I spend part time now in Asia, and its like a breath of fresh air in many respects. I sure know where my money ISNT going in the future. I spend time working with the young kids preaching NOT to look for careers in the corporate and government worlds......the good news is that they are receptive ( gen Z , not gen X).......there is always hope.
The is hope for an Ipad, game and fingers, we're just not sure which side of the fence it's on.
There is hope for the Ipads, games and fingers, we're just not sure which side of the fence it's on.
even if a young person starts a promising new business, they get bought out by the big guys
Took Red Pill
"bought out by the big guys" ???
Squeezed out is how it is done. Years ago I worked for a multi-billion dollar corp that distributed building materials. Their M.O. was simple- every new city/market they entered they dropped the price of everything until they achieved a 30% market share. They couldn't care less how much money they lost on any particular branch, because they had deep pockets. Well connected to Wall Street.
Eventually most independent companies simply ran out of cash. And once the competition folded it was push up the prices.
That's the Walmart strategy and it certainly happens. But I also have known people who had successful startups with the ultimate goal of being bought out.
The baby boomers are in charge of everything. Governmnet and corporations. And they don't like millenials and they don't like new ideas.
Things will get better when the baby boomers are out of the workforce. I can't wait for the worst generation to be int he dustbin of history. I just hope the country can stand another decade of their selfishness and entitlement.
Yes, I see the tilt toward fascism in this country. Solyndra was a great example. Government guaranteed loans. Padlocked after one year. Money ended up where?
Haliburton.
Ratheon.
Chase.
Goldman.
BofA
GE
etc.
Solyndra is probably 100th on the list. It's first on your list because of ....
....because Solyndra was the only one that wasn't to big to fail.
It didn't disappoint.....it blew up right on cue. Just like some of us warned it would.
Even thought we were right....we didn't see a damn dime of that money. But I assure you somebody did.
LTER knows who got those Solyndra billions and I know who got the billions from Hallibuton etal.. So what are we going to do about it?
Good Question.
- Public Scandal, Everyone Either Distances themselves OR Politicians make a big Show of Outrage, Entertainers on talk Shows Turn up the Rhetoric
- But... was it a Trial, an Experiment in ALT Energy, or a Scam, a Political Give-Away....
- Clearly the Business Model, the Book Keeping, the Accountant, the Financial manager, the Board of Directors, the CEO... were all False, were Criminally Liable, and were skimming Profit (Looting the Corporation according to accepted US Laws and Business Scams)
Excellent Point.
Well lets look at culture, not just business culture. But Business culture is enough by itself.
- Multiple levels of government
- Multiple Federal Agencies Regulate your Business
- Finance, Taxes, Environmental, Waste, Financial Partners or Donators, Political Interest Groups, Community Accusations ... all bring you under additional scrutiny & Direct Regulation
Question: What would a USA Look LIKE if we Simplified and Standardized... Regulations ... in order to protect from Civil Court Lawsuits from Citizens, from Government Lawsuits, and from being Blindsided by another government agency invoking it's rights on your self OR your business?????!!!!!
- Standardize
- Simplify
- Streamline
- Benchmark Court Rulings for Individual Rights, Business Practices, Recognize Small Businesses don't have the resources of Wealthy Opposition... and ARE THE CORE of US Economy.
Damn It!
Bump, Since I am Right.
Just an FYI....bumping yourself is piss poor form.
You'll thank me later.
I really didn't come here to pimp my blog but I just finished writing a piece about this. Sometimes I think, one of the Tylers is reading my mail. http://thecivillibertarian.blogspot.com/2015/01/perfecting-art-of-skim-s...
I'm talking about an Imperative for Sweeping Reforms, Solutions,... scanning your article blog you might be a watchdog.
- But I realize few understand what I am saying if I don't layout a pains taking series of polices... sorry ZH is not really receptive to promoting Sweeping Political or Government Reforms
- And 90% of the USA will not support Sweeping Reforms or National Referendums
ZH is not really receptive to promoting Sweeping Political or Government Reforms
Got that right.
Be nice if the pop-out wasn't covering the scroll bar - put it on the other side LF.
The feeling of energy and optimism that I experience in China corresponds (I think) to that of Main Street America in the 1950s. The contrast between clean-cut, nicely-dressed, well-spoken Chinese young-marrieds and our Wal-Martians couldn't be more stark. Our society is increasingly decadent, immoral, controlling, spoiled by psychopaths, verging on collapse; theirs is increasingly liberal, tolerant, ascendant (again). I feel safe walking downtown in a big Chinese city. Walking in the core of Seattle or Chicago is a different ball game.
And yet China's state-establishment is compelled to build a great internet firewall to shield its McSheeple from the truth.
Why is that, comrades?
China = fresh batteries for the SINOPEC oligarchic matrix.
Of course we allow the truth. Where? On MSM? And hence, who cares about the truth? Who believes the truth? It seems the truth is not setting us free.
Insect0Man should try shutting off his own TV and going cold turkey for a few weeks, and then come back to it with fresh perspective, and ask himself again: WHOSE media is more controlled?
Some of the CCTV and Xinhua editorial content is first rate.
Mebbe because the American MIC so thoroughly controls what you see and hear they don't NEED a physical wall?
China is a MUCH bigger country-their oligarchy haven't an NSA at their service-ready to drop a file-or worse if needed- on any insubordinate
Chinese social is liberal and tolerant? There are a lot of cracks beneath the shiny veneer just like in 50s America. If it is such a great place why is almost every Chinese person of privilege sending their kids to get educated overseas and why are they sending their families/wives/mistresses overseas and making considerable hedged bets including trying to get US/Australia/UK citizenship whatever way they can?
Let's not leap to extremes. I only suggest that Chinese society is moderating, evidenced by many tangible changes over the last 20 years. We can argue that American society is declined in some ways over the same time frame. Capital flight is one reason for investment overseas. Another is simple opportunity. Another is regional influence. Another is cultural transition. Children educated in western schools will shape policy for decades to come. Think of it as an attempt to take the best of what we have to offer while avoiding some of our mistakes. More reasons are outside my bailiwick.
Re "... also reflects a relatively low appetite for risk ..." :
1. In order to risk falling over, you have to have a little faith that you will still be able to stand up again.
- First time on a tight rope one foot off the ground? Sure.
- First time on a tight rope one thousand feet off the ground? Not likely.
2. Risk vs Reward. When your first 40 hours of work cover only the mortgage and NOTHING else, there's not much room for expansion. And there's not much room for error.
3. Where are the customers? Sure, they don't have much disposeable income but you could get lucky - they might defer all their other purchases just so they can buy your product. Guess you gotta make something that they really, really want to buy. And don't forget to organize with the finance company so they can buy four years interest free!
4. Don't bring your free markets to a free money fight.
Very true, Vamp. I just opened a small business in chicago. Shortly after doing so, the redistributionists in city hall voted to increase the minimum wage to $13/hr by 2019. The big companies can absorb that additional cost while I have to price myself out of their market to maintain margins. Fucking parasites. All of them.
Vampy, SO TRUE. And with this data vaccuming going on, not just by .gov, but, corps and govs all over the planet, and of course hacker groups who get all of the press, and we are setting up what I term...
"The First Digital Depression."
Once everyone gets sick of their ideas, ip, processes, etc. being STOLEN with little to no RECOURSE as time goes on, more and more people will start to say fuck it.
Data Rights for the people!
"It is young people are accepting the simple fact that the game is rigged."
I agree with this in the sense that it drives cynicism and kills passion.. and regardless of age, passion is what people succeed with.
Small to medium-sized businesses last I checked brought in over half the US's GDP and employment. We need to support *good* people doing *good* business that they have some heart (or at the least some driving force) in. This isn't just localizing, this is globally minded and locally executed. It's wholly possible when people remember they have a mind to reason with and two hands to make something of it.
Above *good* is defined as constructive and positive. For those interested, one simple way to move this idea forward is to seek out and support these businesses with your currency. Many thanks if/when you choose to do so.
Like a Laser Beam to the point:
"It is young people are accepting the simple fact that the game is rigged. It hurts us all that big corps own everything."
You can't open a business with student debt hanging over your head. 6.8% interest and climbing.
Death, Taxes and Student Loans..
Ever actually try to source from Alibaba ? You cannot post a picture of what you want you have to describe it in all of languages inefficiencies. Nearly impossible to find a simple piece of cable, reel and lock...
It is not only the Under 30 who are suffering, the above 30 years of age who own small stores and large stores such as Sears and JC Penneys and all the malls along with it, are suffering too.
I hope ZH will stop writing about ghost malls of China and instead focus on the dead malls of America!
I wish I could also add pictures or charts like hedgeless_horseman can!
The Economics (and Nostalgia) of Dead Malls"Instead, the fundamental problem for malls is a glut of stores in many parts of the country, the result of a long boom in building retail space of all kinds.
“We are extremely over-retailed,” said Christopher Zahas, a real estate economist and urban planner in Portland, Ore. “Filling a million square feet is a tall order.”
About 80 percent of the country’s 1,200 malls are considered healthy, reporting vacancy rates of 10 percent or less. But that compares with 94 percent in 2006, according to CoStar Group, a leading provider of data for the real estate industry.
Nearly 15 percent are 10 to 40 percent vacant, up from 5 percent in 2006. And 3.4 percent — representing more than 30 million square feet — are more than 40 percent empty, a threshold that signals the beginning of what Mr. Busch of Green Street calls “the death spiral.”
Industry executives freely admit that the mall business has undergone a profound bifurcation since the recession."
4 casinos closed in Atlantic city in 2014: http://en.wikipedia.org/wiki/Atlantic_City,_New_Jersey
And here are the DEAD MALLS of the USA: http://deadmalls.com
Not only is the centre of gravity moving away from US, but the economics is failing the US citizens as well. Many large assets are now owned by foreigners from top real estate in big cities to large tracts of land in smaller states / cities. AMC theatres is owned by the Chinese as is Smithfield Foods.
FDI is a good thing but excess of FDI is not good because all profits end up going overseas which is why the insulation of Russia, China and Dubai is a good thing because it is mostly built on their own money and money returning from abroad whereas in EU and US, most FDI is going to buy prime assets for pennies due to bank foreclosures and corporate failures or high taxes in places like France etc. High FDI used to benefit US and EU but with no investment done by the Govt (in infra or logistics or power etc) or local billionaires (mainly because they see no profits), the foreign FDI investment as a percentage of total investment has risen dramatically (because everything in EU and US is for sale).
Even if we look at NYSE/Nasdaq, most giants listed are Chinese in 2014 like Baidu or Alibaba and more are yet to come. This is purely because a multitude of factors are at play: low fruitful employment, declining savings for spending, low profitability of most business ventures, higher taxes, more foreign ownership, decline in Russian ownership / sales of top real estate in London, NYC, inflation, no bank lending etc
After Facebook was created in 2004 and Twitter in 2006, I don't remember any major company was created/listed in US that was built in US. I am sure there were a few smaller ones but I am talking billion dollar market cap.
Sale of IBM divisions like servers and PC division to the Chinese and Motorola to the Chinese and JPM HQ to Chinese along with Waldorf Astoria are signs that American entrepreneurs and billionaires do not see the future of America inside America (but neither are they allowed anymore to expand in Russia, China or almost 95% of Middle East and over 90% of Latin America or in India - and all for different reasons).
US banks have laid off millions and shrunk their balance sheets (ML to Julius Baer and closures ranging from Spain to Japan and many others for Citibank, Morgan Stanley in Switzerland are just a small set of examples). Hotels like Hilton and Marriott are built mostly on franchise model and not on self owned ones as are McDonalds and Starbucks wherever they are still allowed to grow. HP and Dell are competing with Haeir and Lenovo. Almost 80% of world's cell phone batteries are built by BYD and not by any US/EU corporation. Even Apple is built by Foxconn and not by Apple themselves thus sending employment and tax revenues to the Chinese. almost all TV's and laptops pass through, if not 100% built in China/Taiwan. BMW and GM are setting up major plants in China, as of today. Almost all type of clothing is manufactured in China. Rosewood hotels and Louvre hotel Group are owned by Chinese as well.
China today exports as much in 6 hours that it did in entire 1978!
Meanwhile, the US businesses are being choked in a quagmire of their own (and their Govt's) creation!
I still cannot figure out why, why would US Govt do this to itself and it's citizens? It is so perplexing that it is mind blowing!
This is the logical outcome when your economy is focused on CONSUMPTION and not PRODUCTION.
Wealth is created by ADDING VALUE in one way or another. At its base level - third world economies - you mine ore from the ground, cut down trees, extract natural resources. At the next level you convert and process raw materials - smelt ore and produce metals, cut trees and process into lumber. At the next level you make higher end products - cars, appliances, airplanes furniture, computers, whatever.... Only in adding value do you really CREATE wealth. All other processes - sales, finance, marketing, are 'overhead' and depend on value created elsewhere. Creation of more 'money' only serves to increase the price of the value added in that measurement. The inherent value of the wealth in the economy does not change. ('Intellectual property' - movies, music, games, computer programs all are products that create 'wealth' but they all still depend on the value addd in the creation of basic 'needs'. People spend their limited earned 'wealth' on basic needs before they spend it on such things)
So without people adding value creating products and goods that are fundamental and in-demand you do not have ANY real 'wealth' created. You simply have a REDISTRIBUTION of the existing - and limited - wealth that already exists. The mass of people have less and less spending power because they are employed in ways that do not create or add substantial value or wealth.
THAT is what has happened. More of the existing wealth is in the hands of fewer and fewer 'consumers'. The wealthy may spend 'more' per person but their total consumption is far lower. A nation cannot have an economy based on the consumption of the plutocracy.... frankly, a nation is insane if they think they can base their economy on CONSUMPTION period.
For the last 50 years, the US has been borrowing wealth created elsewhere int the world to purchase goods produced elsewhere.
A VERY few hold more wealth than ever before. You've got trust fund twenty somethings worth millions but their demographic cohort is now deeper in debt, earning far less on average than in the past, with far fewer opportunities to progress. A VERY FEW with the right education may have opportunities but the chances for most are far worse than in the past.
I couldn't agree with you more! Thanks!
What doesn't make sense is that why is US hell bent on creating so much financial debt to bomb other countries when it could have used the same to build itself, just like China is doing and now US is forcing Russia to accelerate the same?
We all depend on each other for so many things. This is how the world revolved until US made us all - 'consumers'. My neighbours house should be peaceful so I can live in peace as well.
But no, US does not have this policy for the last so many decades. From Cuba to Iran to Iraq to Syria to - Ukraine and Russia in 2014 - and (dozens of countries in Africa and Middle East in between), US has only one tool for each problem! War!
Imagine...just imagine for a moment.....if US was a peace loving nation!
John Lennon - Imagine (official video)And do note that if is a VERY big word! :)
And one more thing....even the mighty fall one day, every single time, as history has shown us so many times from Alexander the Great to Napoleon to Roman empire.......Arrogance is what brings an empire down. ALWAYS. EVERY SINGLE TIME.
http://www.brainyquote.com/quotes/keywords/arrogance.html
This Michael Moore quote sums it up quite well.
"I think that there's something in the American psyche, it's almost this kind of right or privilege, this sense of entitlement, to resolve our conflicts with violence. There's an arrogance to that concept if you think about it. To actually have to sit down and talk, to listen, to compromise, that's hard work."
"To actually sit down and talk, to listen, to compromise, thats hard work", like Michael Moore would know. The fat bastard has not a bone of compromise or understanding in his body. He preaches the evil of wealth and guns while living in wealth and hiring people to carry guns to defend him. The ultimate in hypocracy, completely invalidating a true point.
That's a great point which I missed.
Though some of his works in the movies in order to allow some form of debate in society in important matters has been well received. We should give some points for his wealth creating ability. And we must also admit the fact that he has spoken as a Leftist and is a political activist, and consequently he could be on a target list of a few.
http://en.wikipedia.org/wiki/Michael_Moore
As someone recently told me, we should not take someone's wealth against them!
thanks for the deadmalls link, good stuff!
instead focus on the dead malls of America!
There's NOTHING going on at my local main mall. Been saying it for a while.
Recovery.....my ass.
Got Aquaponics?
The Appetite of Tyranny is never far removed from the Tyranny of the Appetite.
Produce locally. Consume Locally.
It's not perplexing. It is obvious. American wealth historically was build of protectionism of trade and industry, protectionism of small business and small farmers, protectionism of standard of living, strict capital controls, and high taxes for corporations purposefully trapped inside US.
The protectionism of consumers, by forcing companies to produce and pay taxes inside the US where they make profits. Strictly enforcing antitrust laws and anti monopoly regulations. Purge or strictly control foreign financial and economic entities. I am talking about the same thing that brought huge wealth to Japan 1950-1990, Korea 1960-1999 and China 1978-today and others.
In late 1960-ties, propaganda of US ruling elites, got young Americans out of their minds through bullshit of drug induced "self actualization" or brainwashing into believing in distopian ideas of "free market" BS, "free competition" BS, open borders to suck in foreign labor BS, and open borders to suck capital out of US BS and lone individual success BS while wholesale protectionism of creative people, educated people, support and motivation for weak and strict cooperation, that what works in economies proven again and again. Protectionism is about protection, a good thing if you are protected.
US never complained about single party authoritarian rule in South Korea, Japan, Taiwan even Mexico for over 30 years, China after 1978, south Africa and many others, and neither about their rampant protectionism, other countries ere not so lucky. The ideology has nothing to do with it. Protectionism works for regular people always regardless where they live.
If your head hurts that means that you never used it before. All "free" stuff you think supposedly was good it is not. It’s only fog of propaganda.
No offense, but your thinking seems peculiarly narrow and brainwashed. 'Protectionism' means 'Sanction.' 'Protectionism' is something carried out by organized criminal thugs. It forms the basis for all our misguided foreign policy in the Middle East that has spilled the blood of millions over the last two decades. Central planning is a platform for the New World Order "global plantation" wherein psychopaths tell you how to live - what to buy, what to produce, where to sell it, for how much - the stuff of Marxist Agenda 21 cuntrol freaks. You call yourself American?!
What we need is a return to first principles, beginning with some required reading: The Revolution: A Manifesto
How about PUBLIC money, a SMALL government free of fabian socialist psychopaths, and FREE ENTERPRISE? COMPETITION scares the bejeezus out of central planners. Why are Ford and GM leaving, building all their new plants and selling more vehicles overseas? Ponder it awhile. But take your 'protection' and burn it. You want a stagnant economy? You want to break a nation? 'Protect' it.
Where would folks do their laundry without commercial construction to pump their soiled $ through?
Build, destroy, rebuild.
Rinse, wash, repeat.
Dubaibanker
Great post! I see empty malls and real-estate all over DC metro-area.
I just would like to add an observation; and follow-up with an unrelated question.
First: Observation related to why of the American’s psyche of “Right and Privilege”
The first European settlers to North America mostly died of starvation, with (according to some historians) a side order of stupidity. They picked unnecessary fights with Native Americans, sought gold and silver rather than planting food or fishing, and drank foul water.
As Charles Mann points out in his fascinating book 1493: Uncovering the New World Columbus Created, one-third of the first three waves of colonists were gentlemen, meaning their status was defined by not having to perform manual labor. During the winter of 1609–10, aka “the starving time,” almost everyone died; those who survived engaged in cannibalism.
http://www.slate.com/articles/health_and_science/science_of_longevity/2013/09/life_expectancy_history_public_health_and_medical_advances_that_lead_to.html
Second: Oil versus shale
For those readers not familiar: Oversimplified, so I won’t bore you:
a) Dubaibanker is for that Saudi Arabia wants to kill US shale, so shale won’t be competitive.
b) I am saying that Saudi Arabia is lowering the oil price to kill the BRIC’s (US orders and keep market-share) and to show they are the most relevant player in (OPEC) the oil field.
Dubaibanker made an impressive case at this thread: “Saudi Arabia Ready For $20, $30, $40 Oil” and I did NOT have time to answer each point.
So I am going to answer Dubaibanker in stages. Here’s is the first one, Dubaibanker:
“Saudi Arabia has insisted that OPEC will keep oil production at 30 million barrels per day no matter the cost of crude…” http://www.cnbc.com/id/102295985
Now, if you look at OPEC-12 (nations), they are all showing production decline. http://peakoilbarrel.com/opec-november-crude-production-numbers/
Then, when you look at the second chart, OPEC-12 is exactly at 30 million barrels oil at $100 dollars a barrel.
However, when you look at the last time the price of oil went down (2009, to an average of $53 dollars a barrel) OPEC-12 oil, which is supposed to be the least expensive oil to extract worldwide, collapsed by 3 million barrels a day. http://inflationdata.com/Inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp
Key Point
A- OPEC-12 lowering oil prices will hurt them more than the shale oil in America because shale, unlikely, will never be able to produce 3 million barrels a day.
Also, OPEC-12 oil profits take care of the needs of these 12 nations. Shale takes care of the needs of the 1% class in America; because it’s privately owned, instead of state own.
Wonder why the nation (America) is bankrupted. There might be one of the reasons.
B- Also, SHALE (butane and ethane) IS NOT oil.
Consider the following about American Privilege and the old boy Network of Ivy League Grads that Rule over our Government Offices and Agencies:
- Each Position held by an American is an Empire
- Each Office Empire is defended by the manager in a manner similar to a military officer or a Lawyer
- When there is cheap money in each system (either government or Private enterprises)... each American wants to create his own Empire in the form of a new office, Run a Warehouse, Run a Retail Store, Run a Motor Pool, head up the Efforts to Layoff Employees, lead the work to Out-Source or Off-Shore, Lead Modernization or Automation, Or Invade a Foreign Country
- In a country where Hillery says she was poor when she left the White House, Biden says fire a warning shot with a Shotgun, and Mitt Romney runs a close Race for the Presidency while having his fortune stashed off shore and worked as a Financial Vulture... Clearly the Elites are not Qualified to run our businesses and governments
In the USA we all want to be the Leader, No one wants to be an Indian... and we have far too many Chiefs that Indians through Systemic Corruption of one form or another.
The DeadMalls site is interesting. By numbers of dead malls, the top states are (in no particular order) New York, Illinois, Pennsylvania, Ohio.
One bad business to start is selling cigarettes on the street.
Why? I bought the pack, paid the taxes I cannot sell my fully owned and taxed product?
Do I need too mark this?
You'll thank me later:
https://www.youtube.com/results?search_query=how+to+escape+a+chokehold
Thanks
Overcoming lies and illusions of mammoth proportions.
Odin McHaggis,
You and WayBehind above, both echo chambers of inaccurate information.
Super People, by James Atlas
19 percent of applicants were admitted to my Ivy League school for the class of ’1971.
6 percent were admitted for the class of ’2011. However, we have about 100 million more people than we did in the 1970s and about the same number of tenure-track faculty positions as we did in the 1970s.
Last year 5,722 applicants competed for 101 places at Weill Cornell Medical College; the odds of getting in there are even worse than those of getting your 3-year-old into a New York City private school.
http://www.nytimes.com/2011/10/02/opinion/sunday/meet-the-new-super-people.html?pagewanted=all&_r=1&
The good news for them is if they enter family medicine, pediatrics, or any number of other fields they can look forward to a take-home pay of about $100k and have to fund their own pension plan AND pay for their own health insurance.
As opposed to the median salary of an energy sector engineer in Houston is $185k, for example and nmo exposure to Ebola, HIV, flu, etc and no life-numbing loan issues b/c of med school.
I am honestly surprised that many kids apply to med school anymore. They are in fora big surprise according to the doc who lives down the street.
[PS: I did not down vote you]
Odds are you will not recognize medicine in the next five to ten years. The good times are over. Apart from getting government favors it wlil all be put in a giant economic vice.
You are not going to recognize anything by 2027, the latest.
By then, our coal and oil production, globally, will be less than half, compared to what we have now.
Less energy = Not the good times but life for most is over
Then maybe those Big Houses will lose Value.
- Affordable Small Housing in the form of Apartments by 2027, but we will live like poor Chinese in 400 Sq Ft.
- Migration to Warmer Climates or places with Firewood
- Return to Viking Lifestyle
- Pirates on the Open Seas
- Bandits on the Highways and Waterways
- Government Compounds like US Embassy in Iraq or Housing Compounds in Saudi Arabia
- Return to Use of Borders but Kingdoms will be more like 50-100 Miles wide
Medicine?
The doctor who slapped my arse into the world 50+ years ago started his medical career as a medic in the Korean war. He learned the value of life and wanted to preserve and enrich it for others.
Contrast that against today's pill pushing snake oil salesmen.
Talk to any 30 year odl finishing up their residency. They are likely to tell you they made a HUGE mistake. They are deeply in debt, have spent a decade without a social life, killing themselves.
The money in medicine no longer goes to the actual care providers. Of course if you are a plastic surgeon catering to the plutocracy that's another story. Charge what you can get away with.
Handful of Dust
"pay of about $100k and have to fund their own pension plan AND pay for their own health insurance."
You are intoxicated by Kool-Aid. I suggest you to get real, before it is too late.
The Dude above is right ... $100k take home if they are lucky. Plus, they have to fork out for health insurance and retirment plan.
"The lowest earning doctors are the family guys. Pediatricians and family practitioners make about $156,000 and $158,000, respectively. Internists and psychiatrists rank a notch above, at about $165,00 and $170,000, respectively."
http://healthland.time.com/2012/04/27/doctors-salaries-who-earns-the-mos...
The future is Plastic - Elastic
Medical Insurance and services that will suck the carcass dry.
Plastic b/c it's fake, elastic b/c they will deny you more and more.
Long natural medicine. Got the 2nd edition for a buck.
http://doctormurray.com/books/encyclopedia-of-natural-medicine/
http://www.amazon.com/Encyclopedia-Natural-Medicine-Revised-Edition/dp/0...
Oligopolistic Educational Institutions... Or Inelastic Economic Ports to careers in Trade, Finance, Law, Banking, Government??
TeethVillage88s
You and your economic jargons.
A clear sign of a dying civilization.
You either admit the top 10, or everyone? Who decides? You want super people, or super duper super people? Are universities charging enough money? Maybe they need to triple or even quadruple tuition rates, they may be way too low. Don't universities have their own ultimate survival on the radar? If you graduate too many super people who can't find super jobs, you get a super bad reputation? So you just limit student population and raise tuition. Bingo. Hasn't that been the plan lately anyway for most colleges? One last thought: are those super people heading for jobs in the government or the private sector? Just curious...
If I was on the Board of a Reputable Ivy League University...
- (Not disputing, just adding some depth here)
- Why wouldn't I create and encourage Secret Fraternities/Organizations to promote the success of Graduates
- Why wouldn't the Board & Alumni also join in to promote Graduates into the biggest Schemes in USA... Like Federal Carers, CIA/NSA, Banking on Wall Street, Law Firms, Lobbyist, Politics at the Federal Level, and the Biggest Think Tanks & Foundation
- The Crony Capitalism of US Ivy League University Graduates... Serves the University, the Fraternity, and the Success of all Individuals who are inside Members
- How many CIA Executives, CON-gressmen, Federal Government Officials, and US Presidents have come from Ivy League Universities and Secret Societies??
“Universities are better at public relations and claiming credit than generating knowledge” -- Nassim Taleb
>>- Why wouldn't I create and encourage...
Especially if the roots of your shubbery go back to predatory klans of euro-trash who were expecting to be lords and royal testicl.. err, I mean tentacles in the New World back circa 1776, but weren't.
silverer
"they (universities) need to triple or even quadruple tuition rates"
That’s Right!
Quadruple every 6 months so their illusions, lies, deceits, and Ponzi scheme can collapse even faster.
It's the business model.. bigger subsidies and greater debt.
Let's not forget the academic publishers either. They are private corporations cashing in on this big time too. There are others, including real estate holding companies vested in dorms that cage freshmen, etc.
>> Don't universities have their own ultimate survival on the radar?
Universities?
Useless A$$paper mills.
You know what M.B.A. stands for?
M.ore
B.ullshyte
A.head
More like how do you start a business while knowing that you face huge hurdles in local, state, and federal regulations with inflation from fiat currencies cutting into most of your profits and all of your possible customers are already up to their eyeballs in debt.
Oh yeah, and your "competition" is backed by infinite printing of money, monopolies enforced by governments, and a global supply chain that wrings out every extra cent of cost through the use of slave labor.
But other than overcoming those odds, we all must be lazy slobs for not starting businesses, right?
+ 1000 on MONOPOLIES Cheduba.
And without start-up capital and paying customers, how exactly are you going to able to found a new business?
Peak Bore - The Rise and Fall of Zerohedge.
So what are you doing here then?
Why would young Americans start a business when they've been taught by every teacher that capitalism is the root of every evil?
London college offers new course in selfies:
http://tinyurl.com/pyakzuu
That's about right. The government is an expert in setting up roadblocks to business. After all, they know more than the business owners, right?
Dead right, Bloopy. They've been taught that profit is evil. However, when I ask them to whom they're going to give the profit from their job, they look amazed. "What profit?", they say. I say, "OK. List all your direct costs: Gas to and from work; work clothes; work supplies, etc. All the rest is profit. To whom are you going to give that profit, because, if I'm not mistaken, doesn't your generation believe that profit is immoral?" They respond, "But it's not profit. It what I earn by working". Then, I say, "Well, a corporation's profit is what it earns by working, too. What's the difference between their profit and your profit." At this point, I tell them, "Crap. I'm late for an appointment. See you." I don't want to destroy their entire world view.
Work-related expenses only? What about living expenses? If, after working full-time, you still cannot afford rent, food, clothing, medicine, etc., then you've hardly made a 'profit'.
If you have no job, you still have living expenses. Thus, logically, living expenses are not related to the income from a job.
How else to pay living expenses? Live off the gov't who generates income by taxing other people's or businesses' profit to pay your living expenses. Again, in this scenario, living expenses are unrelated to a job.
Since radical leftists/almost all millenials consider profit evil, any such individual with a job must live minimally, such that the sum total of all direct and indirect expenses should be as small as possible (ie, far less than take-home pay), the remaining amount, of course, being voluntarily contributed back to the collective for the good of all.
I can't stress this point enough. Anybody who criticizes profit and who has, say, an IPhone is a fucking hypocrite. Anyone who has more than one pair of shoes, or two outfits, or lives in a domicile greater than 300 square feet is a hypocrite if they criticize profit. Such a person is inherently selfish, and cares not for the common good.
Exactly, it's the reverse company store.
Slaves and serfs at least got fed, or grew their own.
.
my co-worker's ex-wife makes $84 every hour on the internet . She has been laid off for six months but last month her check was $18827 just working on the internet for a few hours. go to this website... www.works3.com
She must have HUGE tits.
. . . . and a host of STD's.
By the time the businessman is done with taxes, insurance, licensing and regulation at the federal, state and local levels, there is simply nothing left for him.
God help him/her if a more powerful national competitor decides to call you in to Homeland Security
Fear is the mind killer.
-Frank Herbert, Dune
I think we should get the Bene Gesserit in here to test for humans..
Who am I to disagree
I travel the world and the seven seas
Everybody's looking for something Some of them want to use you
Some of them want to get used by you
Some of them want to abuse you
Some of them want to be abused Sweet dreams are made of this
Who am I to disagree
I travel the world and the seven seas
Everybody's looking for something Hold your head up, movin' on, keep your head up, movin' on
Hold your head up, movin' on, keep your head up, movin' on
Hold your head up, movin' on, keep your head up, movin' on
Hold your head up, movin' on, keep your head up Some of them want to use you
Some of them want to get used by you
Some of them want to abuse you
Some of them want to be abused
i love the song ...
15.5% Bankruptcy Rate per person over 20 Years for US Citizens (Snapshot in Time).
What does ZH Think about the Cost of Living, Jobs, Economy, and Health Care in Light of this???
1.7 Million People in US will Face Bankruptcy this year due to Medical Bills (Jim Cramer). 147 + 98 = 245 M working aged. 1.7 M / 245 M = .69% Bankruptcy Rate per year per person Minimum. A US Rate of .77% Bankruptcy rate per year per person is reasonable based on 1.7 M / 219.6 M aged over 25 years old.
20 Years Rate = 1.7 * 20 / 219.6 = 15.5% Bankruptcy Rate per person over 20 Years.
http://www.amednews.com/article/20130708/business/130709932/6/
http://www.debt.org/bankruptcy/statistics/ (Repeat Filers)
http://www.infoplease.com/us/census/data/demographic.html
http://quickfacts.census.gov/qfd/states/00000.html
- 60% of bankruptcies are due to medical bills.
- Younger patients had two to five times higher rates of bankruptcy than cancer patients 65 or older.
- Since the early 1990s, bankruptcy has been used with increasing frequency by older individuals. While more senior citizens are declaring bankruptcy, a decreasing percentage of filers are younger than 25.
------------------------------
---- Bankruptcy Rate --------
------------------------------
115.6 million = Total Households
2.63 people per Household
74.3 Million people under 18 years old
244.7 Million people over 18 years old
99.4 Million people under 25 years old
219.6 Million people over 25 years old
319 Million = Total Population (FRED)
245 Million = Total Population over 16 years old (BLS)
147 Million = Total Employed (FRED & BLS)
92 Million = Total Not in Labor Force (FRED)
98 Million = Total Not in Labor Force (BLS over 16)
Active Population: Aged 25-54: Males for the United States©
2013: 53,964,000.00000 Persons (+ see more)
Annual, Not Seasonally Adjusted, LFAC25MAUSA647S, Updated: 2014-02-05
http://research.stlouisfed.org/fred2/series/LFAC25MAUSA647S
---
Discussion of this conclusion would include many things:
- Cost of Living in the USA is going up YOY, and will continue in Housing, Education, Health Care, Food, Taxes, Cost of Debt
- There is a Repeat Bankruptcy rate of like 16%
- 2005-2010 Sub-prime & Global Financial Crisis was an Event that weighs on figures, but we see repeated Crashes & Scandals
- Racketeering & Fraud are Systemic at some level in the USA
- Demographics changes, population increases, people get dumber about financial matters, people fall into debt faster these last 30 years
As complexity of the system increases and the government increases exponentially trying to solve the problems it creates, it simply moves us closer to collapse. If you haven't already read the Wiki on Joseph Tainter, he does a pretty good job of painting the picture of what's happened so far and where we are going with his book "The Collapse of Complex Societies". Wiki does a one page summary. I think the man is pretty well on the mark.
Yeah I have screen shots from his Video.
>>- Racketeering & Fraud are Systemic at some level in the USA
At ~some level?
http://www.campaignmoney.com/finance.asp?pg=3&type=in&criteria=arnall&ra...
Meanwhile the SEC couldn't find its own arse with both hands and a SQL statement that explicitly tells them where to find it.
But, isn't there like 50,000 hipsters in Brooklyn with incoporated blogs?
And think of all the Spanish speaking service businesses at Home Depot parking lots.
Shared previously;
Easy to start a business like a food truck, if your Hispanic, with no fear or worry of taxes,tags,regulations, or The Man in general. What are they going to do? Nuttin'. Not a fuckin' thing.
So I was doing a job in an industrial park. A Hispanic had a step van and at trailer with a wood burning grill. Cooked some mighty tasty flank steak. No tags on the trailer. No Heath Dept. Stickers on the van. No water supply, hot or cold. And making change from a wad big enough to choke a horse.
You try it, Gringo. I assure you, when the man shows up for you, and He WILL, Merican, the fucking financial pain won't stop.
Regulations,rules,insurance and taxes. There's your problem. Running a business today, any business, legally , is a fucking nightmare. Why bother?
I hear there's good money to be made selling cigarettes illegally in NY to avoid the taxes and "the man".
No pension, you are so wrong! Since 1979 I have been doing what you say is impossible. Having started and operated 4 businesses, I am still living proof that there are ways to secede from "the man" and the State. Since I never consented to being part of the voluntary tax system or any state or local "regulation", I live a measure of freedom that few in the united States comprehend. It has not been without controversy but I always win.
Secede or die, it is still a choice.
"the fear of failure is the measure we should be most concerned about."
Amen! I've been working with young American artists here in Florence and it's tangible. Good people but something is missing. Even the Italians who are so easy going, think they are soft.
A shame, some are really bright and could do very well. Arts not easy but with a creative business spirit it's possible to do well.
Kids in the USA today are pussies. They are coddled and overprotected. Every kid gets a trophy, just for joining the team. Do they fail kids in school anymore?
We played smear the queer on the playground. Rode bikes we built ourselves with no helmets ( double danger, Will Robinson ) . Only the WINNING team got the trophy. Jumped trains. Climbed trees. Ran and played on 5 story roofs. Had fort fights with rocks, slingshots and BB guns. How in the hell did we make it out childhood?
I see these "young men" today, and they are pussies. Mangina's I call them.
Oh, we are in good hands.
52, btw
We caught snakes and crayfish with our hands, played with matches and Lysol cans, built go-karts from wooden crates and lawn mower engines, and jumped our bikes on rickety wooden ramps. Every now and again, someone would bleed. Our moms would drench it with rubbing alcohol while they talked on the phone between lips clenching a cigarette.
We learned to make things work. I don't see that among the educated young today. I helped a 25 year old friend who's got a degree in philosophy swap the battery in his jeep. His father and uncles are farmers, but he never learned how to fix anything. I couldn't believe it when he asked for help. I made a set of points with out of a sardine can with a swiss army knife and rusty side cutters when I was in my 20s. I'd leave swapping the battery to my sisters.
I see this all the time. Most people out there are about as handy as a monkey fixing a TV with a spoon. Don't even know clockwise from counterclockwise. You wonder how they make it through a day.
And they won't when the SHTF, but they will be the first in line to knock your door down for a can of beans.
i read these comments and all ican say is you guys aren't paying attention. Look around. In my neck of the woods the youjng have figured it out. Theyare running lawncare businesses outn of a truck, trailer w a ccouple of $10k mowers. No employees, no checks, cash on the barrelhead. They are oufitting hunters, fishing the bays, all for cash. They have hustle, and they know the score. Maybe not intellectually, but viscerally. Open your eyes, you'll see all around you that new busineeses are opening, they are all just off the books.
Good point about "off the books". Flying under the regulatory radar is common sense to many.
A lot depends on how deep the communist left has crept into your local school system and local culture.
Am from a family where you NEVER paid anyone to do what you could do yourself. If necessary you went out and bought the tools needed to do any given job so you could do it - and have them for the next time. Need an engine hoist? Arc welder? Table saw? Nail gun? (well equipped to deal with banker neighbors)..... Full set of corded and battery power hand tools.
Have renovated houses, rebuilt cars and done damn near anything you can think of. At this point in life I'll pay someone else to change my oil and do my brakes but I just finished adding an addition on my house. My kids - going to top universities - have the same basic skill sets. You should know how to do stuff even if you don't ever actually have to do so yourself.
I'm astounded at how many kids have never held a hammer. My kids will never have to buy a tool.
I;m in older burbs with houses 75-100 years old. Close in to NYC and in demand BUT these houses need complete redos at this point in their lives. Plumbing, wiring roofs, - everything.
Kind of funny seeing how many people moving up to the burbs from NYC are oblivious. They're used to calling supers for everything. They (over)pay a fortune for a house and then get conned into overpaying for all the work they have done. Nearby a house went for an absurd amount at peak of market. Old lady had owned for 50+ years - the place was a mess and should have been bulldozed (according to the engineering inspection - main beam rotted, the place 4 inches out of plumb, electric shot, pipes ahd burst and warped floors... the list goes on). Nephew bought it for the pice of the land - did a cosmetic redo (not even a very good one - a sink in the kitchen never even got hooked up). A fool from the City bought it - blew up the steam boiler (you HAVE TO ADD WATER PERIODICALLY) the first winter, found out it had NO insulation and realized that the freshly paintedbasement covered up signs of he stream running through it... lol. Worst part is that the damn priice they paid drove up everyone else's tax assessment. You see this over and over. One house a few blocks awway has been under renovation for almost a year. WTF? Who can afford to pay taxes and the cost of two places for that time waiting for a place to be redone? Some of these fools buy a place and then redo all that's already been redone. One place had a less than 5 yer old addition torn down and redone. The same place the ccontractor MISTAKENLY tore down the garge too... LOL.... couldn't be rebuilt where it had been because zoning changed. Amazing how incompetent some of the 'hired help' are - but the bankers and lawyers hiring them are clueless. If your plumber leaves radiators uncapped overnight when doing work - and the heating system ON - well you can see THAT disaster coming......
The mindset here is quite 'elitist'. If you go make a basic end table that is somehow 'impressive' but if you actually go rennovate a whole house you're looked down on - You may nat have to deal with annoyinh contractors BUT you're getting your hands dirty. This is a HUGE change from the old-timers who've been here for 40 or 50 years.
"Am from a family where you NEVER paid anyone to do what you could do yourself. If necessary you went out and bought the tools needed to do any given job so you could do it - and have them for the next time. Need an engine hoist? Arc welder? Table saw? Nail gun? (well equipped to deal with banker neighbors)..... Full set of corded and battery power hand tools"
Bump that.
35 years ago we had trade schools that taught machining.
Today the Career Education Center in Denver has no machine shop. In place of metal-craft it teaches Video Game Programming and Audio Recording.
Evidently Generation XBox is more worthy of indoctrination than productivity.
This is on purpose.
You're dead right, NoPension. Fuck the millenials. They don't know how to do jack shit. They have no passion when it comes to effort. They've been taught that they're Oh, so Special! Well, they're being special doesn't cut it out here in the jungle. The first time they're confronted with a problem they are require to solve, they pussy out. Fuck the millenials. 69, btw
The key to success or survival is the ability AND willingness to do what it takes. I read once years ago that successful people do what others will not. I believe I have many attributes that have contributed to remaining in business over thirty years but the principle one has been tenacity, the willingness to do whatever it takes, as long as it takes and as hard as it takes until I meet my commitments. Ultimately I have always believed what we are paid for is to take responsibility and the more you take (and fulfill) the more you make, be it digging a ditch or running a business. This attitude is what is lacking. Sure they're are lots of reasons to not, but the arrogance of entitlement is rampant from top to bottom. NO ONE thinks they should really have to try that hard. They have been indoctrinated through media and education and spoiled by indulgent parents. The alternative is the no holds barred, fuckem all attitude that has no respect for laws, morals or scruples of any kind. What a world.....I really miss leave it to beaver. I know it wasn't real but it was a hell of a lot better delusion than what is presented now. Its all mayhem.
Well maybe I'm stretching the point.
We can steal each others seed stores, sheep, goats, cows... just to get through the hard patch. We can steel metal stocks, fiber stocks, produce, lumber, truck shipments, pirate boats, raid treasuries with mercenaries...
- Have to always explain the Moral Piece of this, the ends do not always justify the means
- Or we can support Jesuit & Catholic/Roman Empires & the Inquisition/US Torture
fuck the Boomers.
They ravaged the buffet sucking up all the food and drink before Gen X and the Millenials got there.
Left at the table were half eaten cocktail weenies and Zima's,...
thanks to the parasites that are the Boomers.
Yeah,...u guys are tough in some ways....but wholly coddled in others.
Kinda easy to be tough when you have satisfied Maslow's lowest levels of the pyramid as a result of first mover advantage.
Oh,...........
and fuck you too!!!
Your path forward is clear. conditions, circumstances change for all of us and while most would agree your headwinds are strong, their blame is of some contention. All I can say is that the single greatest determination of your success is YOU. If your have decided you are fucked, then so you will be. The exact influenza afflicting the black people of America who have sucked up the theme that they cannot get ahead because they are oppressed or discriminated against, regardless of how much welfare, set asides and affirmative action is afforded them.
Drink the koolaid and risk drowning in it.
We built the fuckin table and created the machinery to Harvest the food on a large enough scale to feed the world. Boomer bashing just makes you feel better about your pathetic little life. 61 btw
LOL BITCHIN BEAR,.....
You boomers were born on 3rd base...and truly believe u have hit home runs.
[The Federal Reserve hit the home run btw.]
Oh, you poor baby! Come here and let me give you a big hug!
The Millenials will and are changing, and they have good points like teamwork and community.
Don't count them out. I am not.
Their generation has always comes through in a crisis cycle.
http://www.lifecourse.com/about/method/generational-archetypes.html
We need to be use our strengths to help them and all of us.
I am just waiting for them to do their heroic thing and die on the beaches of Normandy [storming the Federal Reserve?]....that I might support !!!
>> Good people but something is missing.
Something called BALLS?
No surprise the generation of metrosexualized/demoralized maggots manufactured by "recreate '68" weathertard misfits don't have any.
They worship the Wolf of Wall Street whilst wearing pink on Thursdays to show solidarity with their fellow poodles.
Obama knitted the Poodles a sweater out of wool spun from bovine excrement... and so they voted for him. Twice.
Tell that to the Millenial VETERANS.
>> Good people but something is missing.
Something called BALLS?
No surprise the generation of metrosexualized/demoralized maggots manufactured by "recreate '68" weathertard misfits don't have any.
They worship the Wolf of Wall Street whilst wearing pink on Thursdays to show solidarity with their fellow poodles.
Obama knitted the Poodles a sweater out of wool spun from bovine excrement... and so they voted for him. Twice.
I'm in the 3.6% and you can too!
People need to understand that a "job" is but another component of the collective. Self employment represents independence, the primary enemy of the state. There will always be excuses as to why capitalism failed but remember, it will fail because they want it to. Independence is freedom, and a job is anything but independence. They want us to work our jobs and take the remnants of our hard earned income and invest it in the stock market, invest it in the very corporations that provide our jobs, our dependency, our cages. Every "benefit" is not income, is not remuneration, but a deepening of dependency.
corporations were created by our government...does anyone wonder why???
The last sentence is the part that no one seems to get.
Corporations are creatures of the law. They cannot exist without explicit government support. They have been granted more and more power over the last 150 years-- we are now at the point where fictional persons (i.e. Corporations) have way more legal advantages than natural persons.
Corporations are the modern slave plantation, and as they enslave more and more people, it saps the peoples will and makes the corporations even stronger.
Again-- this didn't happen overnight. It's been a steady march over 150 years. Read "Gangs of America-- The Rise of Corporate Power and the Disabling of Democracy" to understand more. It's a free download.
http://gangsofamerica.com/gangsofamerica.pdf