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Welcome To The Funny-Money Generation
Submitted by Bill Bonner via Bonner & Partners,
No Real Recovery
Genuine economic growth is something you can allow, but you cannot force. If you try to trick your way to it – with phony interest rates, more debt, and cockamamie inflation targets – you will retard the growth, not speed it up. This is obvious, too. But Ms. Yellen is paid not to see it. And in the absence of real growth, the Dow at 18,000 looks vulnerable. It wouldn’t be at all surprising to see a rolling top take shape... with a sharp break in the fall.
But here we leave the vagaries of the market to pay homage to America’s Second Greatest Generation.
In the wake of Memorial Day, we feel guilty about the way we’ve treated the old f**ts.
We wish to make amends to all our readers over the age of 55. After all, these are the people who made America what it is today.
The Funny-Money Generation
So, today, we rise to take their part… to sing praises to the fallen heroes… and to wave their banners. Here at the Diary, we are used to standing up for lost causes, die-hards, and underdogs. But today, we defend those who don’t need it. Everyone knows that people who came of age in World War II were our Greatest Generation. They risked their lives to beat the grisly war machines of Nazi Germany and Imperial Japan. Not only that, but also they were the ones who made the innovations we take for granted today – freeways, credit cards, jet engines, pressurized air cabins, radar, nuclear power, the computer… you name it.
But it is to the baby boomers – the Second Greatest Generation in U.S. history – that we raise our glasses today. Wasn’t it on our watch that we developed PowerPoint, twerking, the Frappuccino, and “wife bonuses”?
As to this last innovation, we just learned about it yesterday. The Financial Timesreports that Manhattan’s elite bankers and lawyers are rewarding their wives – with money, we presume – for their children’s SAT scores… and other measures of family success. Good luck with that! The business world has long known about the power of financial incentives. But sometimes they backfire. Managers with financial bonuses often underperform those without bonuses.
Psychologists tell us that there are “intrinsic” benefits to, say, seeing your children do well in school. “Extrinsic” benefits sometimes seem to get in the way. The money may distract mom, in other words.
That gets to the heart of our critique of the funny-money generation – those who lived most of their adult lives between the 1970s and today.
Making War, Not Love
But today, we put that aside. Today, we come to praise the Second Greatest Generation, not throw mud in its face. This, after all, was the “make love, not war” generation. But the one thing that stands out, following Memorial Day, is that it has made more war than any generation before it.
We know our parents won World War II, for example, but we forget who won the Vietnam War! Who? Ho, that’s who: Ho Chi Minh. So forget that one. Fifty-eight thousand dead Americans… and more than 3 million dead Vietnamese. For what? Nobody can say. Not a great moment in U.S. history. But at least former secretary of Defense Robert McNamara had the decency to admit it. Late in life, he apologized. And cried.
All right. We didn’t win. But at least we tried.
And Vietnam was just the first of a long list of wars that the Second Greatest Generation fought – each time doing its level best to make the world a better place. Or at least to make itself richer – whichever came first.
- War on Poverty – lost. But $15 trillion has gone to the poverty fighters since 1964.
- War on Cancer – lost. But $30 billion was spent on cancer research since 1971… and hundreds of billions on cancer treatments that didn’t work.
- War on Drugs – lost. “A trillion-dollar failure,” said CNN. Cops, dealers, lawyers, and private prison owners – everybody gets more money, and the drugs keeping coming.
- War on Terrorism – lost. “Five-Trillion-Dollar War on Terror,” says Time. We don’t know if Time included it in its calculations… but it should have counted the money the U.S. government spent to create its enemies – Saddam Hussein, the Taliban, al-Qaida, and ISIS – as well as the money it spent fighting them.
But the Pentagon is a big winner, along with all the lard-butt zombies in Congress and Northern Virginia.
War in Iraq?
…4,500 dead Americans.
War in Afghanistan?
…2,500 dead Americans.
Korea, Cuba, Cambodia, Granada, Panama, Bosnia, Somalia, Haiti, Libya, Pakistan…
Oh, forget it.
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don't worry, we'll all be millionaires soon
http://9jaolofofo.ng/wp-content/uploads/2014/10/028.jpg
It was said that in the end America always does the right thing, it just trys everything else first.
That was a depressing load of bull shit.
The local Communist fem-bitch rag took note of Memorial Day,
with a massive front page spread on Holocaust Survivors.
Even a worm learns.
C'mon. We kicked ass in Grenada. I saw it on T.V.
MASSIVE FREQUENCY LIST UPDATED!!!
With all the talk of "fun camps for adults" and troops runnng around people's back yard, we thought now might be a smart time to make sure our SIGINT is all up to date and good. Here is a massive list of frequencies for y'all to plug into your scanner or shortwave receiver. Make sure you have lots of extra batteries too!
A few notes about the list:
* This was compiled from recent and trusted sources, not lists floating around the internet since 1994 for radio systems long since sent to the landfill.
* Many government agencies share frequencies and INTEROP channels, so the list may not be 100% on who is doing the talking.
* The list is for national frequencies, obviously we cannot list for every LEA in every county and town.
* Many frequencies listed as business are also used by GOV.
* A P25 capable scanner is best, assume that the frequencies are APCO-P25 but you may be able to pick up analog FM conversations.
* Most of the important P25 traffic will be encrypted. Most INTEROP will not be and chatter is still chatter.
* Canadian frequencies have been included for those in Canada and close to the border.
* Even though analog TV and analog paging has largely been phased out, frequencies have been included both for historical reference and because old gear can be turned on post-SHTF.
* You can achieve faster scan rates by entering frequencies from lowest to highest and not randomly (eg. 154.100, 154.200, 154.300, etc)
* If you only have a scanner, just pay attention to the left-most column. The second column is for repeater inputs and the third is for tones.
* Remember when to practice radio silence and remember that Charlie is listening!
http://www.filedropper.com/frequencies
Thank you for posting this info.
WAR ON THE MIDDLE CLASS - WON
Sure, let's blame the 'baby boomers'. Easy target, right? Not so fast.
For example, let's take a boomer born in 1953 - right in the middle of the boom generation (1945-1960). When Johnson was elected in 1964 this individual was 11 years old. Not even old enough to vote. So, how can we blame Johnson's programs (war on poverty, medicare, medicaid) on the boomers? I believe it was Johnson that decided it would be a great idea to toss all the Social Security money into the General Fund instead of keeping it separate. Boomers didn't elect Nixon in 68'. The boomer referenced above would have been 15 years old. Nixon closed the gold window and de-linked the dollar from gold. It obviously wasn't the baby boomers that created the Fed - way back when and they certainly didn't have anything to do with the Roosevelt New Deal programs.
So, it is easy to pick out any convenient target but frankly there is a lot of blame to go around. Let's get our facts straight before we make sweeping generalizations that indict an entire generation. nuff said!
Casting generational blame amongst the regular people is Divide & Conquer 101.
LOl...When I think of "Funny Money" I think back to the days long gone by with stripers at Scores NYC. They used to get paid in the funny money after one would charge up their credit card. ahh the good old days........circa 1996