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A Message From Generation Z: Thanks For Nothing
Submitted by Lance Roberts via STA Wealth Management,
This past weekend, I was reminded by my 9-year old son of the following passage in the Bible:
"Out of the mouth of babies and infants, you have established strength because of your foes, to still the enemy and the avenger." - Psalm 8:2
That verse has been shortened over time to become a colloquialism used when children have said something humorous in front of adults - "Out of the mouths of babes."
It was on our drive to Bible study that my son asked for my phone to play a new song he liked. (Note: This is also the reason traditional "terrestrial" radio stations are dying a slow painful death. If it ain't "on demand" - it's dead.) After a moment of scrolling on a music download app, the following words begin to stream through the cabin:
"We are the ones, the ones you left behind.
Don't tell us how, tell us how to live our lives.
Ten million strong we're breaking all the rules.
Thank you for nothing, 'cause there's nothing left to lose."
I was immediately struck by the lyrics and paused the song to ask my son if he understood the meaning of the lyrics. He replied simply - "no...but I like the song."
The song opened up the ability for my son and I to have an important dialog about the future of "Generation Z" (those born after 1995) and the challenges that they will have to face. More importantly, the reasons why "Generation Z'ers," those "10 million strong," feel like they have been "left behind" by the generations before them.
What is interesting is that this was not a new song at all. In fact, the song debuted very quietly in 2013 by a band called MKTO (Misfit Kids and Total Outcasts) which was founded by two real life friends Tony Oller (21) and Malcolm Kelly (20). According to an interview with with Celebuzz the duo stated:
"We wanted to have a song that described our views of our generation, and to describe how we feel about being in the circumstances we are in, thanks to previous generations making mistakes."
However, it is not surprising that two twenty-somethings may be feeling the way they do. Let's take a look at some of the issues that they are growing up with.
Job Growth
As I have discussed often, the structural shift in employment, has had a negative impact on both total employment and particularly that of Generation Z. Currently, the number of individual working full time, between the ages of 16 and 24, has only seen a modest recovery since the end of the financial crisis.
However, the story is substantially worse as the majority of those jobs were taken by immigrant workers. As recently discussed by the Center For Immigration Studies:
"It's frustratingly common: The mainstream media discusses a social problem obviously impacted by immigration — overcrowding, low wages, increasing poverty, etc. — but assiduously avoids any mention of immigration."
The importance of youth employment is extremely critical to that generation. As the CIS explains:
"The decline in youth employment is a serious problem that deserves a serious examination. After all, a number of studies have found that the lack of early labor market experience can have a significant negative impact on employment and wages later in life."
Student Debt
The next problem is the mountain of personal debt weighing on both the Millennial and Z generations. As shown in the chart below, over the last 6-years student debt has skyrocketed.
The problem, as discussed previously, is not all student loans went to higher educations. Student loans are sources of cheap and easy capital to support spending requirements. The WSJ confirmed the same:
"The Education Department's inspector general warned last month that the rise of online education has led more students to borrow excessively for personal expenses.
The report also found the schools disbursed an average of $5,285 in loans each to more than 42,000 students who didn't log any credits at the time."
The problem, of course, is that only about 1/3 of those that enroll in college actually graduate. This leaves a large number of individuals heavily debt burdened without the college degree needed to obtain a higher wage level to support the debt. Its a vicious cycle that now weighs on a large group of the younger generation and negatively impacts future consumption trends in the economy.
Government Debt
Of course, it isn't just consumers that have over borrowed to the point that it now negatively impacts economic growth. Since 2009, the government itself has went on an unprecedented spending binge that has doubled the amount of Federal Debt outstanding.
The problem, as shown, is that increases in the debt/GDP ratio has a long-term negative consequence to economic growth. Rising debt levels detract revenue obtained through taxation into the service of debt rather than reinvestment back into the economy via infrastructure development and other revenue positive projects. Such investments create jobs and increase production that supports stronger levels of consumption which comprises more than 2/3rds of economic growth.
Unfortunately, with debt currently capped at the debt-ceiling limit, the prospects of stronger GDP growth in the next decade is likely to remain just as elusive as it has been over the last.
Wage Growth
Of course, the problem for both Millenials and Generation Z is that lower rates of economic growth are directly correlated to lower rates of wage growth. As shown below the correlation between the two is extremely high.
Given the structural shift in employment, the impact of immigration and the continued burden of excessive debt on the individual, the trends of both economic and wage growth are unlikely to change anytime soon.
Economic Growth
The problem for Generation Z is not a transient one. As shown in the final chart below, the generations following the "baby boomers" have very little to be excited about. With the lowest average economic growth cycle currently in progress, there is little ability to "grow" out of the current debt problem.
While Central Banks globally intervened to offset the impact of the financial crisis, they also impeded the "reset" process from occurring to clear the excesses built up in the financial and economic system. Furthermore, the inflation of asset prices simply created a burgeoning "wealth gap" which has largely bypassed the 90% of Americans that have little or no invested assets.
The up and coming generations have plenty to blame on the "baby boomer" generation and the scores of bad fiscal and monetary policy decisions that has robbed them of their future. The job of each generation is to leave the world in a better place than they found it. It is clear, we failed.
"Thank you for feeding us years of lies.
Thank you for the wars you left us to fight.
Thank you for the world you ruined overnight.
But we'll be fine, yeah we'll be fine."
However, for now, let the music play.
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Blame the curse!
https://biblicisminstitute.wordpress.com/2014/07/17/is-america-cursed/
No blame the banksters
Repost, yet seems apropos concerning this article. Apologies if you have read it before.
The next ten to twenty years will be defined by an enormous continuing demographic shift. As the first wave of the baby boom generation has finally hit the age of 65, most of the 77 million of us will now start to become net takers instead of net contributors. For the next 19 years, 10,000 boomers will be achieving retirement age each day. It going to take 2 workers to support each retiree. Corporate America planned for this long ago by phasing out the old traditional retirement plans and replacing them with 401K's and IRA's. Now state and local governments are facing insolvency due to under-funded pensions and poor planning. The current debates in Congress concerning deficits and debt ceilings are a short term smoke screen which does not address the true demographic problems they know exist but refuse to acknowledge. The amount of unfunded liabilities which are promised to the boomers is a staggering number. The estimates range from a low of $53 Trillion to a high of $202 Trillion over the next 20 years. Lets see the Federal Reserve print that up!
Collectively, we boomers were lucky. We were the most healthy, educated and privileged generation ever born. Our youth was spent virtually worry free. Our college educations were inexpensive, gas was cheap, jobs were plentiful and our futures were bright. We were the "Hippies" of the late 1960's and early 70's. Love was free and drugs were cheap (or was it the other way around). Then the 1980's rolled around and we became "Yuppies". We began to believe that success was our birthright. We bought our BMW's and wore our V-neck sweaters. We turned conspicuous consumption into an art form. Hell, even Newsweek Magazine gave us our own year (1984). We were so busy clamoring to the top of the corporate ladder we forgot to develop any job or management skills which would lay a foundation for future generations to flourish.
Then as we aged, we hit our peak spending and borrowing years in the 1990's. We went a bit middle age crazy. We splurged on second homes and McMansions. We thought fuel would be relatively cheap forever and bought gas guzzling SUV's. We also padded our financial statements and maxed out our credit cards trying to "keep up with the Jones's". Some of our brethren became bank CEO's and leading politicians, whose unethical and irresponsible behavior has been a reflection of our entire generation. We didn't want the party to end and they just tried to prolong it for us. We wanted it all and never learned nor cared for moderation.
And now in the Autumn of our lives it looks like we are going to get it all (of course in devalued dollars). We will leave those coming up behind us with nothing but debt, austerity and a lower standard of living. We will be reigning in our spending and hoping to save so we can offset future inflation. The malls, our cathedrals of consumption, will be ghosts towns compared to what they were, with "30%-70% off" signs decorating their stores windows. We will be net sellers of equities and mutual funds soon, not net buyers. Therefore, trade accordingly. It was fun while it lasted but now the piper must be paid. You know the old saying; the longer the party the bigger the hangover. Well, this hangover may last 25-30 years until the last of my generation are dead, either through natural causes, death panels or intergenerational warfare.
You know the old saying; the longer the party the bigger the hangover. Well, this hangover may last 25-30 years until the last of my generation are dead, either through natural causes, death panels or intergenerational warfare.
Your comment made me think of a quote from the presentation called "The New Order of the Barbarians" where the presenter, Dr. Richard Day, talked about "The Demise Pill" (this was in 1969):
EUTHANASIA AND THE "DEMISE PILL"
Everybody has a right to live only so long. The old are no longer useful. They become a burden. You
should be ready to accept death. Most people are. An arbitrary age limit could be established. After all, you
have a right to only so many steak dinners, so many orgasms, and so many good pleasures in life. And after
you have had enough of them and you're no longer productive, working, and contributing, then you should be
ready to step aside for the next generation.
Some things that would help people realize that they had lived long enough, he mentioned several of
these... I don't remember them all... here are a few: Use of very pale printing ink on forms that people... are
necessary... to fill out, so that older people wouldn't be able to read the pale ink as easily and would need to
go to younger people for help. Automobile traffic patterns - there would be more high-speed traffic lanes . .
traffic patterns that would . . that older people with their slower reflexes would have trouble dealing with and
thus, lose some of their independence.
LIMITING ACCESS TO AFFORDABLE MEDICAL CARE MAKES ELIMINATING THE ELDERLY EASIER
A big item – [that] was elaborated at some length – was the cost of medical care would be burdensomely
high. Medical care would be connected very closely with one's work, but also would be made very, very high
in cost so that it would simply be unavailable to people beyond a certain time. And unless they had a
remarkably rich, supporting family, they would just have to do without care.
And the idea was that if everybody says, "Enough! What a burden it is on the young to try to maintain
the old people," then the young would become agreeable to helping Mom and Dad along the way, provided
this was done humanely and with dignity. And then the real example was - there could be like a nice, farewell
party, a real celebration. Mom and Dad had done a good job. And then after the party's over they take the
"demise pill."
I'm sure that sounded batshit crazy at the time ... not so much any more ....
More here: http://www.sweetliberty.org/nobarbarians1.htm
Generation X is sick of your bullshit. Google it.
Ingrates..
Videos of johnny cash a boy named sue
:-)
Soooo,
If any of you post boomers are getting any "free shit" (extended unemployment, Disability, Soc. Sec., welfare, food stamps, loan reductions or forgiveness, obamacare.....still voting Dem.) it's now YOU who are to blame !
(Using your own logic)
Generation X, Y, Z....man up and wake the fuck up!
Since you are too busy texting or watching porn, I know asking you to read some history (without entertainment) is too much.
So, try this. It is a pretty "clean" version of history, but watch the movie "Gangs of New York".
When done, realize that another 100 years before that it was even worse...for all on the planet, with the exception of those who continue to pay minions to write articles like this one.
There is no guarantee under oppression, and that is what we live under.
The reality is not "1%", but more like the .0000001% who "have", while all the rest of us...all generations are the "have nots".
You complain while you live in your parent's home (a roof), are fed, have electricity, indoor plumbing, heating and cooling, computers, hand held devices and internet access...and play COD and watch porn all day then rave at night.
Yeah, rough life. None of which is "yours', it's your parents....boomers.
America is living on borrowed time. It was the 3rd world when it started, and it is becoming a 3rd world now.
It was a "little" more egalitarian for boomers, because of the Socialist movement of the 30s, but it was not so for all. Yeah, there was a Communist Party USA that got almost 30% of the vote.
The enemy of all "imposed" 3rd world conditions is the ultra wealthy, and those who support them.
"We" are all the enemy, until we stop buying into stupid articles like this one which are designed to keep the riff-raff pointing our pitchforks at each other over age, gender, race, and class, of course (as if we have a "class" other than "the rest"), so that we never point our pitch forks at them.
Young? Have energy? Have morals? Want change? Then join the many who want the same (of all ages) and stop acting like arrogant, snotty-nosed, mouth breathers who feel they are privileged and "owed" something that some group (fill in blank) is not "giving" them.
Look around the world at S. America, Africa and see what is considered fair, versus what you have.
Stop giving these ultra wealthy overlords your power, when you can do something useful that is as easy as saying "no, you do not have my permission, I do not agree".
It is not "boomers" or any particular age, gender or race that you can blame...it is the elite class that America does not see....not Trump, Soros or Buffet...peanuts...its the Rothschilds and Rockefellers level who "own" all...because we let them.
It is all a Tower of Babylon, until we all say it is "not". Start saying it. To yourself, to your friends and family. When we reach the Hundredth Monkey, the tide begins to turn. What do you have to lose?
I bet this rant did much better at pill time.
Shows how FUBAR things are that the generation which follows Generation Z doesn't even get a letter.
They planned it perfectly, the generation namers. I don't think there will be one after generation Z. Such an ominous lettering system.
Read your comments. No boomer here - born in 1943 - like 72 years ago.
Stop crying in your beer. Suck it up and be a real man. Woman.
I was 20 years old once and had no direction and no degree. Trucked on. And survived Vietnam.
When the going gets tough, the tough get going. If you are not physically and mentally tough, spare your relatives the trip to the grave and incinerate yourself.
At my age of 72, I still pay W-2 taxes for the employer and the the employee to the max. What's your problem. Work, pay taxes and spend 50% of your surplus.
You ain't got no job - you ain't got no get-up-and-go. Am I supposed to feel sorry for you. Send you money. No fucking way. Fix your own shit or just die. Nobody needs or wants you.
P.S. I served in a combat unit in Vietnam. That blood money bought me a free ride to law school. I made something of myself without privelege or connections.
Amen and Aufwidersehen.
What are you drinking? Sipping on a corona myself.
Sounds like bullshit to me.
But you get an "A" for platitudes, Pops.
Keep spouting the dogma.
Thanks for the biggest mountain of debt in human history, grandpa. I'm sure it was tough living on the upside of a multigenerational credit bubble, leaving your posterity to pay your bills.
In his defense He did kill some gooks so we should all kiss his ass for that while we amortize his VA and Law school for the next 100 years.
"served in a combat unit" sounds so much better than "took orders from war criminals and murdered people in their own homes"
good concise post.
thanks, even if you are a lawyer.
Ah, to be a 20 year old baby boomer who could get a decent job without a degree and wing it. Difference now is you'd be on the street, wouldn't even get so much as a dishwashing job at a shitty restaurant, or otherwise on welfare. Congrats on being drafted to Vietnam.
Boomers are so ignorant.
"At my age of 72, I still pay W-2 taxes for the employer and the the employee to the max."
Losthorizon.com will fix that for you.
Nothing like the slave that doesn't even know he's a slave. Keep slaving on boomer, your doing a great work for the plantation and your fellow slaves.
Read your comments. No boomer here - born in 1943 - like 72 years ago.
Stop crying in your beer. Suck it up and be a real man. Woman.
I was 20 years old once and had no direction and no degree. Trucked on. And survived Vietnam.
When the going gets tough, the tough get going. If you are not physically and mentally tough, spare your relatives the trip to the grave and incinerate yourself.
At my age of 72, I still pay W-2 taxes for the employer and the the employee to the max. What's your problem. Work, pay taxes and spend 50% of your surplus.
You ain't got no job - you ain't got no get-up-and-go. Am I supposed to feel sorry for you. Send you money. No fucking way. Fix your own shit or just die. Nobody needs or wants you.
P.S. I served in a combat unit in Vietnam. That blood money bought me a free ride to law school. I made something of myself without privelege or connections.
Amen and Aufwidersehen.
Kudos, particularly for your suggestion that the whiners suck it up. As a leading-edge boomer who has observed many such whiners here on ZH, I continue to be appalled by the lack of discernment shown by such.
Placing the blame on any generation is taking generalization to absurd heights. Every generation has had its share of conservatives and liberals, those who preferred small and unintrusive government as well as those who preferred the nanny state. Boomers had both, as well as a small segment (present in every recent generation) that insisted on telling everyone else what to do. (Curiously, those same 'rebels' from the 1960s, the ones who kept asking their elders "What right do you have to impose your morality on us?", are the same ones now imposing their (twisted) morality on the rest of us, who mostly just wanted to be left to our own devices.
Comments from posters like AlaricBarth don't help. He makes it seem being a boomer was a carefree trip through strawberry fields forever. What he fails to mention, what you experienced too, was an ill-executed blunder cleaning up after the mess the French made in French Indochina. I had plenty of friends who never got the chance to experience being a hippie in the 70s or a yuppie in the 80s.
Open your eyes, you who complain about those who came before you. It was the followers of particular ideologies who screwed things up, not citizens of a particular age group. And if you really want to shoot arrows at an age group, try shooting a few at the younger ones that swooned at Obama's feet.
What you thought were "struggles" in your youth aren't shit compared to what modern youth are dealing with, in terms of ever building a real future. The baby boomers think they "earned" what they got, but in reality, you should have gotten much, much less. It's hard to attribute a fair value to what one "earns" when the system is completely distorted and coopted in your favor. My mother was a teacher, in her low 70s now too, and she mentions how she started out at $13k a year, a "pittance" in her view. You know what that is now? 95k in today's dollars, using official BLS statistics, and really you know it was ultimately more than that.
Yer certainly dumb, and you ain't nowhere near free. So, there's that.
Where did My days are... imply that he was proud of 'Nam?
You just happen to be alive at the end of a debt supercycle, Freedumbass. I'll nearly guarantee you that My days are... didn't realize that his generation came of age as the cycle was headed toward it's peak, just as you don't realize that you are coming of age while the cycle is reaching its' low ebb.
Your mind is too small to realize that My days are... had fuck-all to do with any of that.
So, my question for you, grasshopper, is this; Have you killed your parents and grandparents for all the harm they did to you? If not, what's stopping you?
P.S.: Is it even remotely possible that My days are... and your parents, and their parents (and now you) were simply ignorant of how fiat currency backed by debt is inherently unstable?
No? Blame, My days are... then, and enjoy your self-proclaimed victimhood to your heart's content.
Another boomer grinding his teeth is what you are. Your post is completely incoherent -- just what is your argument?
My grandparents grew up in Weimar Germany.
Yeah, I'm incoherent to you, because you already know all there is to know. Huh, kid?
Your grandparents grew up in Wiemar Germany, eh? Just exactly how (other than ignorance) was that situation their fault?
So, if it wasn't them, maybe your parents are to blame. I ask again, why haven't you killed these horrible people?
Like Ron White said, you can't fix stupid... he was talking to you.
Fuck off.
Everyone has to have their favorite scapegoat. When the boomers are gone - who will you point the finger at next...for you surely will point that finger - but never on yourself.
"When the music's over, turn out the lights"
https://www.youtube.com/watch?v=B61ZUu48-58
This guy who wote this hit piece is a fucking whiner and a Pete Peterson shill
"The up and coming generations have plenty to blame on the "baby boomer" generation and the scores of bad fiscal and monetary policy decisions that has robbed them of their future"
Blame yourself stooge! - you must be close to 40 years old - it was all obvious 20 years ago - where were you protesting in the streets for change in this country when you we in college? - like we did in the 60's and stopped the war in V.
Look burn it down and they will give you whatever you want
That's right, the Greatest Generation can never be to blame. It's always those damn kids. Who you blame constantly for everything, I am sure.
Generation z- the scapegoat of the year in 2050.
And yet Generation Z votes in a way that makes things worse. Next time they complain ask them where their shirt was made. Or their pants. Or their shoes. Or their (un)Smartphone. Etc., etc., etc.
Hey, if Gen Z begins at 1995, that makes the oldest 20 years of age.
Just how many 'votes' do you think they have cast?
How much input did they have as to job placement and overseas locations for tax avoidance?
Sorry, those Vietnam protesters thought it was over when Nixon conceded.
They put on the feedbag and still have not seen they've eaten the fields bare.
Gen Z has legitimate gripes.
Thank god they have still got their shit together in spite of all the overlays of the education, media, retail systems all the generations prior have been milking instead of making sustainable.
Play your R and D games, play with your faux money, play with your rationalizations and defensible positions, old timers -
Come-uppance is at hand.
Point taken...Then let's go with Gen Z and all previous generations. My broader point stands. Their voting and purchasing habits run opposite to fixing the problem they complain about and ultimately their (and everyone else's) well being.
Any generation that recognizes the problems should man-up to cange things. Where are the goods made that you buy?
Who passed the laws that made it possible to employ slave labour in China? Not gen X, Y or Z.
Fucking boomers.
Now you blame us for taking the only advantage you gave us. Seems about right actually.
And yet Generation Z votes in a way that makes things worse.
Not about voting, but a story about a generational attitude. A problem I see with Gen Z is the assumption that if its new technology, its great!
I walked into a McDonalds the other day (flame me all you want for my food choice, but don't miss the point) and immediately there are two employees that pounce on me and ask "do you want to use the new Kiosk? We'll help you, its great!."
My rule is I say no twice , then I give in to my inner snarkiness.
After the 3rd time asked I said what I was thinking, "No, I don't want to use the kiosk, I want you to have a job."
Deer meet headlights..."wwha..what do you mean?"
Me, pointing toward Hal the kiosk, "Meet your replacement."
and I went to the counter, and having witnessed the event, the person behind the counter was better than usual.
I have an addiction to the $1 diet cokes.
A few days later I got to a different McDonald's, same local owner, got the same questions inside the door, and was only asked once. But, I stood at the counter for 5 minutes while watching 4-5 employees yack and use their cell phone intermittantly and occassionally glance my direction; they were about 5 feet away. The shift manager saw me, ran over and took my order. I overheard the "standing-around" crew explain "..but...but nobody orders at the counter any more, they use the kiosk."
Not all technology is in your best interest. When those of us who prefer face-to-face (over face-to-interface) die off, well jobs aren't getting more plentiful.
Signed, the Luddite.
Anyone who would knowingly bring children into this insane, fucked-up world completely deserves the consequences of their actions.
The Great Die-Off is about to begin.
Carousel bitchez, ya know it's time.
#41
Don't be a complete asshole. There are people who bring kids into the world and actually care for them. I love my kids, I would have more if I could. My four oldest actually have summer jobs, two of them have two jobs. They have been taught the value of work.
And when the "great die-off" or whatever begins my family will have five boys who know how to use rifles and cut wood.
You get out what you put in. Stand ready.
Jesus and financial markets. Nice mixture Lance, what else do you know how to pervert?
Seems like Lance Roberts via STA Wealth Management, is lost, very fucking lost.
Doing God's work.
Yeah, let's see who these geniuses vote for in 2016. Not that it makes a bit of difference in this nation's direction, but at least it will tell us all what their ideals are. 1000 to 1 odds that it's for a commie.
That is what you get for supporting socialism via liberal policies for a start.
Assuming massive student debt is another.
YOU SWALLOWED THE BULL SHIT.
Here is a hint: Life isn't fair.
Want another? Anything that can be manipulated will be.
Hey Lance,
Got news for ya pal.
We've ALL been left behind.
Your logic is divisive, generational and overgeneralizes.
Does it really matter if it's student loan debt or boomers over extending? Resounding NO, sport.
Debt is debt.
In case you hadn't noticed, it's division that keeps them in power.
Amish are divided from English cock sucks like Rand.
We are much better off than you English. You will perish, Amish will thrive.
Why? We eschew the joo.
If we go - so do you. Stereotypes aside.
Give it up.
I say as much for your own protection.
You are on the commie list that was circulating this morning.
http://www.zerohedge.com/users/newsoutlet
oops, my mistake.
Breaking people into groups is mentally seductive, but wrong. Every human being is an individual. Give people the benefit of the doubt until proven otherwise. Much of the problem these days is the shredding humanity into a team sport. Muslim, Christian, Jew, Hindu, Buddist, Republican, Democrat, Labor, Green, yada yada. It's not a team sport. We all need each other. We all need community.
I'm for team humanity. Who else?
No "we" didn't fail, a comparative small group of people orchestrated the failure, and did it in a way that could be compared to "slowly boiling a frog".
nice.
well, so long as they can have transgendered idols, gay marriage, and feelgood hashtag campaigns ( #blacklivesmatter) who gives a fuck about the economics ?
perhaps if these geniuses were more vocal and persistent about ECONOMIC ISSUES instead of fag marriage and dead black criminals, they might make some fucking headway.
Fuck these self-absorbed hedonistic social vigilantes and the horses they rode in on.
every one of them deserves what's in store for them.
Vigilantes ? too kind.
( two syllable words)
(btr yt 2 ltr wds)
" Everyone has to have their favorite scapegoat. " my favorite scapegoats are Bill Clinton & Robert Rubin.
paulson and jeethner
I blame my parents.
Molestations, beatings, emotional and mental neglect and abuse.
I am now just starting to get my shit together and I'm near 50.
I keep thinking of Rorscacht from The Watchmen.
The streets are extended gutters and the gutters are full of blood and when the drains finally scab over, all the vermin will drown. The accumulated filth of all their sex and murder will foam up about their waists and all the whores and politicians will look up and shout "Save us!"... and I'll whisper "no."
I can't wait to see how the sheep from X,Y and Z will react when the ride comes to an end and they are left to fend for them selves.
In the mean time, read this. http://www.esva.net/~leo/carrycap.html
I like how it twists a question around. Instead of how do we help someone, how do we hurt them? Great read. When done, think about welfare, disability, food stamps and other social programs that were designed to "help" so many.
Do I hear sheep?
"The history of childhood is a nightmare from which we have only recently begun to awaken. The further back in history one goes, the lower the level of child care, and the more likely children are to be killed, abandoned, beaten, terrorized, and sexually abused. " - LLoyd Demause
http://www.geocities.ws/kidhistory/modesw.htm
Oh, so that explains why you beat your wife and molest your kids?
Don't worry, it doesn't skip a generation...
On behalf of my fellow Boomers, Happy to Help.
You need something resembling character and accomplishment individually, not riding on the coat tails of the TWTR slime who crashes his own company to be able to buy more stock in it and impoverish you 140 characters at a time.
But I digress, there isn't any body here in that age/ demo, but for the archives, thanks for the bennies, All you people , even the non wage earners make me feel so content being an old fart.
"You love me , you really love me"
I think Baby Boomers and Gen X are some of the most awful people in human history, but I wouldn't say they are really responsible. Nor would I say my generation or the next one are any better. Just look on youtube at a Minecraft Convention to see the autistic, transgendered, lost in fantasy world.
There are deeper problems that often cause people to act the way they do, but that is not to say they should be free of responsibility,
They closed the state mental health facilities in the 70 s.
Don't blame the X-ers. We have had pretty much zero say in anything from day one. We just haven't had the numbers to budge the massive monolith of the baby boom and the hypermaterialism that became their raison d'etre.
Guess that video explains a lot too.
I would advise against listening to that shitty band if you want to preserve your ears and masculinity.
LET IT BE KNOWN as of December 1, 2014, under the court decision of August 25, 2014 that convicted the United States Corporation and their officers of fraud, extortion, human trafficking, involuntary servitude, murder, high treason, and crimes against humanity, all corporate governmental, judicial and enforcement powers and authority are revoked and nullified and all such personnel are hereby ordered to immediately STAND DOWN.
Any further corporate governmental intervention into any matter regarding any activity in any of the several states related to the Respublica of Earth, United States of America is now considered a Breach of the Peace.
LET IT BE FURTHER KNOWN that anyone disregarding this ORDER is considered personally liable for acts leading criminality against the People and faces immediate arrest and detainment by the Court of Ages, Earth District Natural Law Peace Officers deputized by the Court which includes all militia and National Guard.
Court of Ages • Universal Court - Home
Respublica of Earth - Home
They closed the state mental health facilities in the 70 s.
To generation Z-ers from all previous generations: Fuck you. We got ours now you're on your own.
That sounds familiar. Oh yeah, they told me that too. Young bucks, work hard, learn much - things will come together if you do not give up.
Im trying to hand down my skill set to a bunch of twenty somethings now. Welding/generator repair/wrenching/fab/electrical/plumbing general fix shit stuff. Whatever they can grasp. They are going to need to have thier shit together in the comming years.
Good jobs for young males are rare today.
That said. DID YOU TEACH THEM HOW TO FISH? No? Then STFU!
As a general rule the baby boomers coasted thru life. Them twenty something kids are not going to catch any breaks.
As far as fixing whats wrong. I dont expect much help.
VWAndy tellin' it like it is. I am the same way. I will teach my skillsets to any youngsters willing to get a little dirty. You'll never be lacking for money.
So far I have mentored 8 youngsters and am going to try doing it in groups of three. One of the early ones has blown me away. Marco taught over fifty how to fish well.
Coasted through life.... So that's what it was.lol.
Tell you what,,, I survived the bullshit of my time,,, they can survive the bullshit of their time. That's the way it works.
News Flash! Its broken.
Their complaints are the same we Gen-Xers had and continue to have. Maybe their numbers won't be swamped and outvoted like ours were, but they got so many politically correct lies drummed into their soft heads that I doubt they would know what to do even if they could take charge of the situation.
Their complaints are not the same . Yours has much more whine in it.
Man up
Fuck u. Gen X is the last genration to get shit done with varied skillsets. Gen Y, not so much, they can be salvaged though....
Clearly you have never had to get productive work done with a millenial in the mix. They think work is whining and complaining about other people until the job is done - by the other people.
I just dropped a client a few weeks back because my point of contact was changed and the new PoC was a 26-year-old with a business degree. She literally did not know what marketing was, even though it was a core function of her job. I'm a lifelong IT person and had to teach her, to the point of literally grabbing the definition of inbound marketing off of Wikipedia and emailing it to her, because she had heard Hubspot was useful but didn't know how to use it. That, combined with her being unable to write out a physical check properly (she made not one but FOUR ridiculous mistakes: put the payee in the memo, wrote a different number in words than in numerals, the word amount was written in the payee field, and the check wasn't signed. Also it was six weeks late) was the last straw for me.
Client, cannot write a check. got it
Contractor, cannot collect a paycheck. got it.
Why do you impose DRAMA.
Oh, I collect, all right. Every IT contractor worth his salt knows that until the money changes hands you keep the client's digital balls in your lockbox.
Gen z. You're fucked. Best thing you can do is put down the cellpnone, turn off the TV, stop Twittering, minimize Facebook and learn a real fucking skill. Don't set your life up moviing ones and zero's from column A to columm B an you might just have a chance.
Yes. This is demographic winter and demographics drives destiny. It was attempted to be solved with monetary policy - force spending and debt.
That leaves no room for a Save & Invest economy which creates innovation, production and lasting wealth. Great for the FIRE sectors, horrible for the 2/3rds of the majority.
I won't get into generational dynamics and blame shifting on the Boomers. They certainly lived in one of the best times in history. Why would they think it would ever end?
I'll continue to evolve and adapt. What else can be done? I stay out of debt and innovate and make calls to people with wealth to solve mounting market problems. Is it awsome? Hell no! But it is and will be a barbell economy so either work less and have time to genuflect or sell shit to rich people.
Life isn't fair and the cartel like behavior here in the US stinks . There are some small positive changes. However, at this rate decide what you want, more free time with very little or go for broke.
https://www.youtube.com/watch?v=JSUIQgEVDM4
The only people anyone can blame for their circumstances beyond themselves is their parents. The rest of us did not make you and most of us wouldn't care less whether you existed on the planet at all. That being said, if Mom and Dad gave birth to you and didn't give you a start in life to your liking, yell at them since your existence is their fault. Beyond that, you're destiny is yours. If you don't want to be here, you are welcome to check out at anytime.
I would like to get in touch with some of my old university profs and high school teachers to ask them point blank the following questions:
Are you a shill?
or Were you a gullible sheeple like me?
or We all know what you were teaching us fools was bullshit. Did you know it was bullshit at the time?
and Are you not ashamed?
no
yes
no
no
And you are not very charming.
What the hell did I ever "learn" from you??
You just learned, as did we all, that you are not very charming.
Thats funny. You gave out an opinion and called it learning.
I had some pretty bad ass teachers in the 80's. They actively fought against the bullshit curriculum and tried their damnedest to teach us critical thinking and life skills.
"Economic Theory(s)" is a sick joke and merely a Totalitarian control system for recursive scamming of the unmilitarized productive by the militarized empowered unproductive. And, it cannot pass the smell test.
http://www.asepp.com/keynesian-fallacy-collapse/
http://verbewarp.blogspot.com.au/2011/02/recursive-game-is-policy.html
MANHOOD of
HUMANITY
BY
ALFRED KORZYBSKI
AUTHOR OF SCIENCE AND SANITY
An Introduction to Non-aristotelian Systems
Says it all really
Ho hum
(Aristotle)As long as it doesn't come to guns and lynching, it was a good investment for them.
Payoff. Positive Net Present Value, baby.
Yep, A through Y got all the good stuff. Sorry Z.
To: Lance Roberts
Article would have been MUCH better if you had omitted all the bible shit at the beginning.
The ONLY difference between generations is their temporal sequence - they are all still composed of the same fundamentally defective human species and each generation fucks up to the maximum extent possible in its own way, leaving the consequences for the generations that follow.
YA the Greatest and Boomer generations fucked all that came after. I don't think most of them really knew it as they thought the party would last forever even for their grandchildren. Now days the government imports as many foreigners as possible hoping to pay for the Boomer retirement. I find myself wondering when they get enough Juans and Julios if they will agree to keep paying for old White people's retirement.
Still there is one up side to all these aging boomers. They keep dropping like flies or selling off their stuff for pennies on the dollar now hoping to pay for the condo in Florida. I think they will soon find their assets aren't worth a fraction of what they were counting on.
This generational stuff is crap. FDR created the ponzi SSN, what generation was he? The Greatest Generation pulled much more out of the system than they put in, but hey, is that their FAULT? Us Boomers were in the Reagan 80s, and paid the Clinton bulge in SSN that went into the lock box - that then nobody could find. Obummer isn't even a boomer, so it smells to me like GenX has to take the hit for him. GenY has stood silent, and GenZ has been screwed and glued since they were in kindergarten, but that leaves most of them whiney and submissive. The one thing we all did together was create the Interwebs, but I'm not entirely certain that's a good thing.
Valid points on Gen X, but he was the First Generation X President. We can improve upon that for sure. Although the Carnage from the boomers are now legion. This election cycle is a retread of the boomers in the USA for sure. I want those people relugated to the dust bowl of history.
Another hammer the boomer generation. sigh...
What I learned from TV:
Working in a cube is for complete losers. Being dumb or a slacker is cool. Computer skills pretty much come down to PowerPoint and spreadsheets and random narcissistic visual thingamajigs for meetings and Facebook. And you have to have, like, a college degree. In something.
It's not a new song it's an old song. "Someone else is responsible for my problems. Now gimme my entitlements."
Often overlooked is one of the most obvious contributors to "hardship". In the 70s there were about 3.5 billion people and now there are over 7 billion with total pop set to top out around 9 billion 2025/30.
You simply cant double the population in 40 years and expect to maintain standards of living.
Damn....and I thought they will be wiping my ass, in some 30 more years. They rather will kick my ass than wiping it.
talk to a fisherman lately? a beekeeper? Any Indians living in just about any major city? Chinese? anyone around Fukushima? I'm no treehugger and feel bad as hell saying it, but the Debt we've laden our kids with is one horror: i actually think a Bio-crisis (think Ebola) is what will bring us to our knees