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One Millennial's Letter To CNBC
Reader Ryan M sends us this.
Hey guys,
I just wrote this letter to CNBC, thought I would share.
Dear CNBC,
I'm a millenial with some cash to throw around. I've dipped my toes in the stock market this past year but after today's action, I have to say I'm done. Forever. Gone. Don't count on another dime of mine in the market.
There is so much that is infuriating about this market that it's hard to know where to start. Let me start here: the total BS open we witnessed today. And lest you think this is a letter from a whiner who sold out in the open only to see stocks ramp higher, think again. I sold nothing out but I also bought nothing. What infuriates me is that average people like me are hurt both ways when the market does its best flash-crash impression since, well, the flash crash... I'm sure countless little guys had their stops absolutely steamrolled this morning only to see the big guys scoop up the shares on a discount. It's disgusting. What's more then that is that the only "people" that can really take advantage in such volatility is HFT's. Any normal human being staying at his screen seeing the Dow down over 1k has to sit and think for a minute, "What the heck is going on? Is there something I don't know about?" Ask yourself those two questions and it's too late. You are either stopped out or you miss an opportunity to buy shares at a price you could only have dreamed of. A price that likely won't come again for you anytime soon. The only "people" who can react to those pricing distortions in real time are computers. This isn't a place for small time people like me.
What might be worse than this is that most of us are stuck at small discount brokerages that had major execution issues this morning including TDAmeritrade and Scottrade. Let's assume you are a human being who doesn't ask the two aforementioned questions and just sees the Dow down 1k and decides to throw a dart in the blind and just hit the buy button. Then your brokerage house can't get you an execution cause the little guys systems don't work.
Now, what absolutely sickens me is that the problems are completely underreported on your network. Nanex recorded 4,500 mini-crash events this morning. And yet as the Dow is presently rallying you are making it out as if the market truly recovered 800 points (and we'll probably close green!). We all know that the open was nothing short of a sham of epic magnitude and yet you have the gall to act as if all was normal and the market is now just on a torrid rally after being down 1k. It's not even bearable to watch. You are doing your viewers a massive disservice.
Finally, on a different subject, one thing that this Chinese Yuan devaluation has revealed is that nobody has any idea in hell what any asset is really worth. There has been such an enormous artificial edifice built up around the markets to propel prices (not markets) forward that the pricing mechanism is distorted beyond distortion (if that's even possible). The english dictionary needs a new amplified word to adequately describe the magnitude of the distortion going on in capital markets around the world due to central bank manipulation, lack of liquidity, HFT fraud and other chicanery.
The only reasonable thing that any little guy can do is sit back and say, "Wow there is a lot of distortion going on and I can't even guess at these prices." So what is there left to do? I think all people like us can do in order to once again put money in the market is to see a very large deflation such that multiples contract and we can be confident that the edifice has collapsed and we are therefore now much nearer to true price discovery. Every valuation metric is distorted, technical analysis is distorted because countries around the world are drawing lines in the sand of FX, bond and capital markets vowing to defend them. How can anyone believe the prices? They can't!
My advice to my generation if they would like to buy various assets is to just literally say to yourself, "Don't think about the price or what other people are paying. Just ask: 'What would I pay for 1 share of XYZ, knowing it has an artificial edifice around it?'" Then take a swing while flying blind and pray you hit it.
But until that is no longer the case, count me out. Me and my entire generation.
-Ryan
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And in other news, this:
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Where the fuck is Potter and the vol selling team at the NY Fed? It's fucking 3pm already.
The millenial just figured out that the markets are screwed? Boy, he's going to have to grow up very quickly if he plans to survive these coming days...
what companies need to go ahead and do is, is issue more shares when the public loses confidence because of the devaluation of the share price
if that logic is not clear to you, don't worry
http://www.wsj.com/articles/china-to-flood-economy-with-cash-as-global-m...
"Beijing ... is planning to flood its banking system with new liquidity to offset effects of its recent surprise currency devaluation, according to Chinese officials and advisers to the central bank."
let that sink in
a surprise devaluation followed by a flood of new "liquidity"
if your cash is devalued, print more of it
that will increase the value, since there is more of it
if your stock is devalued, issue more of it
that will increase the value, since there is more of it
This shit's getting fun! I'll be a little sad when it finally ends though... good times.
Big company algos and HFT's running the day. Wonder how profitable the dark pools are today...guessing they are making a fortune while everyone else gets their asses handed to them. Will be very interesting to see if any if the HFT's have a break in their string of 'profitable days'....if not then you know something is really really wrong.
I have never seen such gyrations in the market, either that or my feed is having data issues...
Yep, we may soon see a rash of bloody sidewalks beneath some high-rise buildings...
Betterment and Vanguard better lube up. It took 40 years for fund flows to eclips the volume adjusted heyday of the 1929 passive investing AUM's.
"...you miss an opportunity to buy shares at a price you could only have dreamed of. A price that likely won't come again for you anytime soon."
Don't you worry little buddy. That price will be back again, and again, and again before it ain't....
Work in S&T (general HFT sphere), morning had no liquidity, i agree, but that's all there is to it. FWIW, market is coming back down now, so don't let the 1000pt swing off the lows fool you... Noone forces anybody to invest in stoxxx.
Ryan M has made a very important distinction, something most "investors" do not understand about the current equities markets.
Thank you sir for stating that point in the letter.
edit: still don't understand about the current equities markets. Sigh...
i frankly don't know why he bothers. cnbc are fully complicit in this outright fraud.
was it my stream, or did I really just see the DJIA rally 250 points off 700 in the space of a minute or two on the back of absolutely no news? i mean, seriously?
words really do fail me. how can anyone come to any other conclusion but someone at the PPT deciding to "rescue" the market again?
disgusting.
His letter is already a "fail" in my book and my bet is that in fact he will be back. Go back and read his final premise to this letter. He basically feels this was a "buy the dip" moment, not an opportunity to sell out on the ramp back up. That shows me that he thinks there is money to be made in the market being long. He is basically lamenting he can't buy stocks when they crashed this morning. He should be selling the shit out of this market and fuck what happens, even if it goes up 200% from here because of what he pointed out but didn't have the savvy to actually understand. The market is being propped up and valuations are unknown and largely unreasonable given what is happening in the world economy. Christ, I recommend he go back and read what he wrote.
False Flag letter.
Yup, I thought the same thing.
'Everyone else is getting rich for free and it's no fair I wasn't invited (but if you invite me, I'll come)'
Don't bet in the casino gulag, get out there and MAKE something. Quickly.
I quite enjoyed reading a ZHer comment that went along the lines of "the 'market' is a place where they update some numbers at random in some tables for a few hours a day."
Large sums change hands on extra-special-crony days like these.
Why do we continue to refer to it as a market, as though we are going to buy somethng of ultility value or to consume, when it is anything but a market. It is a casino, a gambling hall, where people buy in with cash to buy plastic tokens of zero value used to demoninate their bets. Unless you have a stock that pays dividends, you own nothing but a gambling token that you hope some fool will pay more for than you did. If lying and deceiving are called for to get this done, it is still all the same. To pretend that there are rules and morals in this game is as silly as suggesting that there is honor amongst thieves. Thieves have no honor beyond what violence they can bestow on their betters.
YOU WILL BE ROBBED
Long pitchforks.
This market is so rigged that even CNBC is being used for cover.
Re: "CNBC are fully complicit in this outright fraud." <-- Agreed. You might as well bitch to the driver for trucking booze across the border during Prohibition.
FUCK CNBC. Cramer in particular needs a piano to land on his head. (Still accumulating BQI shares, you shitstained psychopath?)
Bullshit! People are on a treadmill to preserve wealth because of inflation and fiat currency. For many folks, particularly those with retirement accounts, stocks are a significant component of their palette of investment options. It's a crying shame that the customarily accessible markets are so manipulated. I quit trading the markets more than 5 years ago and started becoming real cautious for the 5 years before that when it was evident that ETFs and the PPT were altering the behavior of the equities markets profoundly. Went physical and haven't looked back. I can sleep like a baby at night. Call me when the nail guns are empty and the lamp posts need ornaments.
Who uses stops in this 'market'?
well he still woke up; which is still better than 95% of the muppets out there
I'm a millenial too. Don't cry on behalf of an entire age group just cause you gambled and lost. f off bud
Figured that out already. It's only worth playing when you have an inside. I'd rather take my savings and dump it into actual investments. fuck the market.
Wasted effort writing the letter
Cause CNBC gets cancelled in a year.
Or even less.
I'd take the other side of that bet. Most networks operate at a loss. They are kept going via the pentagon black budget.
The Ministry of Truth disapproves of your posting. You have been put on the list.
Sorry to burst your bubble but I'm already on it.
yeah well most people like Ryan didnt do jack the entire day...but the people in the know (Goldman prop desk) sure having a field day....(buy at 9:31....and dumped in the afternoon and shorted in the afternoon)
Its good Ryan finally figures out something I have been preaching for years...without sheeps like us, this market cannot function without the wolves trying to bite off one another.
That was probably discussed in a couple NY synagogues on Saturday, I bet...
Thankfully i didnt sell my Dow 15,000 hat at last year's garage sale.
Did you ever consider the the Joo this and Jew that was a false flag to cover the real criminals?
Well it worked in Germany 1933 to '45. Why not again?
Sad part is after we get a headfake downward later this fall and the market continues to make new highs after that you watch this poor chap eat his words and jump in for fear of missing out.
Unfortunetly in the end that is also how market tops are made and he'll be struggling to get out GW's famous quote......
“There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again.”Damn right Jenkins. I'm getting impatient over here as well...
boo fucking hoo the wittle millenial doesnt have mommy around to buy and sell his stawks for him and wipe hi wittle chin.
boo fucking hoo
Better question to ask yourself. What are the power and money hungry sociopathic central planners doing with THEIR money? Act like them.
What did Smaug do with his? Fuggin slept in it and killed anything that got close to it.
not a single coin
Glad I sold my Ashly Madison and sandals and bought Jim beam
Ryan gets it.
So few people do.
That dude reads ZH. No question about it.
Well obviously. He sent the letter to ZH.
Yes, he sent ZH's first 4 morning stories to CNBC. At least he transcribed them correctly. I'm pretty sure CNBC already reads ZH, though. They gotta know what to deny, ridicule and denigrate while they're on air during their day.
CNBC doesn't care. Entertainment only.
Like the 60 cycle hum.
I kinda suspected that after reading the opening phrase!
Damned if you do and damned if you don't. It's a sad state of affairs.....
well said
CNBC losing that "street cred" faster than a PPT member losing all that back-up money.
By the time this letter meets a mind worth comprehending the content, a lackey at that fiction factory will have tossed it.
Somebody will have to translate that letter to Retard so the anchors can understand it.
Sesame street went to hell when cookie monster went on a diet.
went to hell when they invented elmo
That dipshit big bird, always hated him.
Candidly, my hero is Oscar.
you mean the world right??
Went to hell when they got rid of Lefty the Salesman, "He was a bad influence" they said. And then when Bert became "Happy Bert" instead of pisssed off drugged out 70's Bert. Shot to hell.
yup
They don't really care, Ryan, since you millennials don't have any money anyway.
Great article the game is rigged and has been for a long time..
Geez, Ryan, couldn't you have said the same thing in 140 characters or less?
After publick skools?
Let's assume you are a human being who doesn't ask the two aforementioned questions and just sees the Dow down 1k and decides to throw a dart in the blind and just hit the buy button. Then your brokerage house can't get you an execution cause the little guys systems don't work.
This is the very heart of the problem.
"God's Work" = harvesting the goyim.
Remember: psychopathy is physiological. There is no possible cure.
Yep, and it is inherited from the mother's side. Now too bad we don't keep track of heritage down the mother's line like.... Um.... Uhhh.... Who is it that only acknowledges legitimacy via the female line?
Well, bye.
Zion's response: "We'll get the plunder out of you one way or another anyways. We have many schemes for doing so."
Zion is a scheme, not an ethnicity.
He must own a pot shop in Denver....making cash hands over fist....but nothing to buy with it...they dont buy houses either
CNBC is the Band on the Titanic...
As a millennial, I sure as fuck am never going to invest in the markets ever. Of course, I've never had any of this "extra" money people seem to talk about.
I cover the basics and keep out of debt along with most of my buddies.
Freedom offers the best rate of return.
I'm a millennial people look at me weird when I say I've never had a credit card or taken out any other form of credit. Luckily at school the first thing my business teacher said was "never get a fucking credit card".
Home schooled?
I was public schooled, but in a small town with a father that would literally sit us down in front of Excel spreadsheets and teach us how to balance our budgets...starting at about age 10.
I have a credit card, mostly to build credit for when I have to rent. Otherwise I always pay cash.
You don't need credit to rent. Just show proof of cash flow, pay upfront. There are other ways.
Nah normal government funded UK school.
I spent my childhood watching my parents fuck themselves and the whole "family" with debt and money problems. I've never carried a credit card balance and live within my means. Unfortunately this means I don't have any cool stuff and a shitty apartment, but I know the true price of debt.
I'm the leading edge of the boomers and I have lived close to the vest my whole life also. Did not miss any fun though. FREEDOM.
Ryan, watch out for nail guns while falling from the 34 floor. Bankers don't like their secrets being revealed.
If I had a dollar every time someone swore off blackjack at the casino, I would be at break-even by now.
Hey Ryan M. You wrote a great letter and I applaud you. You have too much going for you and since you seem to know what's going on behind the curtain - the guys who run the markets don't need or want your type. Do you have any really stupid friends with some money?
Dig up the remaines of Mark Haines.
Put his rotting corpse in a chair.
And rebroadcast 1998 shows.
The game of monkey see monkey do (like putting all your eggs in a one employer career basket like your laid off parents) eventually gets old and one begins to realize that heh, that fucking monkey is a goddamn retard.
Waaaaaaa.
You're a millennial with extra cash to throw around?
Consider yourself lucky and quit bitching that the Casino took your money.
It is a fucking casino!
I totally agree. Anyone who didn't see 2008 and wake up deserves to get fleeced. For me it was like getting 2 litters of Jolt Cola injected straight into the jugular. Ron Paul finished the job in 2012 (bless him).
Awake and pissed.
Perfect. I'm a little guy, and yes TDAmeritrade was down this moring...screwed me with execution time. Fuckers.
This could have been easily said with two words.
Dear CNBC
Fuck off
Nice letter, but homogenzing an entire generation is BS. I can only laugh when I see articles saying "This is what millenials really think...or like...or will do." The same applies to Gen Y,X And BB.
Generations Ex, Why, and BareBack?
LMAO
Also, 2008 was such a short time ago and now with this happening? LOL good luck getting trust back.
Even one of the supreme masters of value investing 'King Icahn' is concerned when he says on his blog:
http://www.shareholderssquaretable.com/comments-donald-trump-president/
But I am knowledgeable concerning markets and believe Donald is completely correct to be concerned that we have “a big fat bubble coming up. We have artificially induced low interest rates.”
I personally believe we are sailing in dangerous unchartered waters. I can only hope we get to shore safely. Never in the history of the Federal Reserve have interest rates been artificially held down for so long at the extremely low rates existing today. I applaud Donald for speaking out on this issue – more people should.
Don't feel bad Ryan. Even Boomers get snowed with "informative" advice like this on CNN Money:
This is not the time to dump your stocks
http://money.cnn.com/2015/08/24/investing/stock-market-selloff-stick-wit...
"If you have money in the stock market, relax. Drink your favorite tea or coffee, walk the dog, do yoga, focus on work or the kids again. This is not the moment to dump your stocks.
"Consider this: The S&P 500 index -- what most people refer to when they talk about "the stock market" -- is down about 10% from its all-time high that it hit at the end of May.
Sure, that's scary. But you also have to remember that the S&P 500 gained 220% in the past six years."
Whew! With that info now I KNOW stocks aren't overvalued. Going to walk the dog after I put in my buy orders. (-:
Pedal to the metal!! -4% on the DOW . . 5 min later - 3%.
PPT to the rezkue.
Looks like they found the nitrous lever.
And how...damn that thing is building a head like a 15 year old boy stepping into a tittybar.
. . . and we close with a nasty taste -3.6% or -588. Tim Cook better get his emails queued up for tomorrow!
I'm a millenial and here's my message to CNBC:
https://www.youtube.com/watch?v=V7EfnYwpmOE
I hope you know what I'm talking about.
I'm not talking 'bout burning down a building.
It comes from the soul.
Puke it up and start over uncle sam.
The most interesting part of the day was when I saw articles in Yahoo Finance entitled, "Don't panic."
or on MarketWatch
http://www.marketwatch.com/story/chart-dont-freak-out-about-your-401k-20...
lol
People love gambling, people love casino's, people love the lottery, people love games, people love sports, people love competing.
Thus, people will always play the stockmarket.
He lost money, and he'll be back. They always do.
They built a brand new casino on my city years ago. Never been in it. Never will. The market has always been a scam since way back when. Never spun the wall street roulette wheel either. F wall street, F the police,
f the nsa, F the kikes, F hollywood with their social programming movies, FUCK PC!, F the marry go round of fraud that has become this country.
I didn't junk you but I won't be going to any casinos until the all you can eat king-crab legs are back.
Welcome to the big bad world of manipulated everything. I guess we only learn as we get personally burned. What is left? Hold physical metals as this whole shit show comes crashing down. Take cover and good luck.
I love that people think writing an eloquent or well thought our letter actually means anything anymore. The whole damn world has ADHD; if you can't get your point across in 3 sentences or less you are wasting your time. Nobody cares about your feelings, your time, or your opinion. There are only 2 things in this world anybody actually cares about:
1. What do you have?
2. What can you do for me?
Anything else = stop wasting my time and go fornicate thyself.
I stopped after the third sentence.
actually not... and
your right.
Then what can you possibly glean from ZH if you so lack focus?
I use ZH to hunt for tidbits of useful information I can use to direct how my 401k is spread throughout various sectors and for the occasional entertaining article.
The ‘woe is me,’ ‘vast conspiracy,’ and ‘it just isn’t fair…’ articles though rarely get more than a few seconds of my attention. They all read the same and provide nothing useful to act upon.
What? A 401K? This is not the site for 401k investors. Did you really think it was?
poor, corporate wage slave
When this "millenial" mentions Nanex I know he's been reading ZH.
He was awfully polite for a ZH reader.... no "fuck you's" ...no "you dumb motherf&&ckers." .... My guess it was YenCross.... hehe.
Yen Cross is way too smart and experienced for a letter like that.
Did ya see the "hehe"... TwoT ?
Yen Cross also never tells about how he trades or what he looks for. I could use some advice about now.
No squicky's either
look at that ppt ramp into the close! BWAH-HA-HA-HA!!!
look at that ppt ramp into the close! BWAH-HA-HA-HA!!!
Someone (or something) was sure fighting it though as the Dow ended up down over 500 pts. Fuck yeah!!! Watch out for tomorrow (8-25 = 33).
"The only way to win is not to play."
Financial/stock 'markets' are no place for an honest person to try to earn money.
Trading of actual goods, creative endeavors, thrift, accquisition of real world skills, - these are some ways to make/not lose money.
Let the robots keep the 'markets'...
He's right on! It's time to quit feeding the monster as it really has a separate life from we lowly ordinary folk. We must starve this thing as much as we can and in every way. Speaking as a "pre-boomer" I was a laughing stock because I did everything so "conservativly", you know, good grade bonds, a few sober stocks, CD's, savings accounts. Of course I've seen the undersides of a number of busses, but not today! Today I have no savings or retirement funds left and really don't care. Sure, I work harder than I ever have in my life growing food and preserving it for winter. I cook and heat with natural gas. I still have a car, my one semi necessary luxury. My husband has cancer and beyond giving one time tries at conventional treatment he has opted to let nature take it's course. If we could use marajuana and it's derivitives we would, but that's illegal as the world is over populated with Korean vets. If you young'uns are exempt from this, think again, and stay the hell away from our military! The big bucks go to the mercenaries while all you'll get are some pretty white and purple ribbons and a pat on the ass. Now I'm going to go read a book under the apple trees for awhile. The birds are chirping, the sky is blue and all's well in our world. Ours, not yours.
Find a source of rick simpson oil.
If you can't find the oil find a reliable pot smoker (they do exist, but they aren't always the majority) and give him enough money for a full ounce of buds and make your own.
Or obey the laws made by people who don't care if your hubby dies of cancer.
I've personally witnessed a nasty, visible, absolutely typical tumour vanish in three weeks of the treatment.
The Stock Market is an Aristocracy. Unless you are a member of the Privileged elite you are a peasant who is to be exploited for the benefit of your "Betters".
FBN is a broken record today with the words China, panic, and irrational being their central meme.
Thought for sure the PPT stick save would have the DOW above 16,000 at the close.
Maybe this has been covered but I got stuck and bewildered at the Sesame St pic. Look at the scroll at the bottom re: NASA. $1bb to rent 1,000 acres for 60 yrs?! Where is NASA building a paceport now, Manhattan? That works out to $1mm/acre. I have a buttload of land in East TX I'll gladly sell outright or lease at a mere $50k/acre. Taxpayers rejoice! Kids, throw all your stuff away, we are moving and buying new shit! Some folks deserve prison behind this blatant ripoff by the .gov agencies.
A millenial 'with money to throw around'
Is that money from a trust fund that Dearest Daddy left you by any chance?
It's funny, but as soon as I got a decent job and paid off the last debts, the first thing my parents said was to buy a house, or at least a 2 br apartment. A 1 br is already plenty for my wife and I, why upgrade when we can save/stack/prep? At least until we have a baby or two to put in there.
His great grandfather wrote a similar letter to the editor of the Wall Street Journal in 1930. That generation never did get back into the stock market. The present generation is wising up. I don't know what they will do when they figure out that everything is a scam, and that everything they were taught is a lie.
I assume he obtained the proper credentials to speak for all Millennials?
Yes he has student debt up to his eyeballs
The least important generation yet. They were promised everything, but instead they are the first fully dispossessed cohort in American History They are the first victim class preborn into servitude as the old oligarchy has finally taken control of the US Government and the institutions of the country. And now nipping at their heels comes a new generation entering the slave force right behind them.
That's why they have had their heads stuffed full of self-important nonsense by the elitists' propaganda; to make them think they are inheriting the Earth when they will inherit only ashes.
Tell me about it.
In grad school, I remember one panel discussion where a politician kept talking about how "science will solve the problem." I go up to him afterwards and asked "So, I'm one of the scientists, so what problems did you sign me up to solve?"
He said, with a straight face "10 billion people need to live an American lifestyle, and it has to be sustainable." As in, no carbon emissions, no strip-mining every last patch of ground for rare earth metals, etc. Try doing the numbers; you need to trip over a couple dozen asteroids made of rare earths and PMs to even begin to attempt such a thing.
Add into that all the joke papers with blatantly false information that got published purely on politics, and I had an experience that I would call "losing my faith in science."
Yeah, I still think there are a lot of great discoveries coming and some mind-blowing tech if even 1% of what I saw in the labs becomes viable, but the political class really thinks they can suspend reality by just legislating their desired reality into existence. My generation is perpetually dazed by promises of all sorts of shiny new tech, while real issues, like the agricultural 'strip mining' of farmland by Monsanto is completely ignored.
Fucking ingrate.
even the new people at cnbc know the market is a 100% rig job. they are actors playing a part. "financial markets" it must be tough coming to work everyday and selling a lie.
Excellent, the Millenial's are learning fast. And for anyone in future generations not yet labeled, and probably some that are still fans of sesame street, I am doing my best to educate and position your parents so that you will not needlessly suffer from any potential purposeful ongoing financial failures of the older generations. We should have fixed this course right from the beginning and set ourselves on the right financial path permanently.
FYI: The small group mentioned below was about as well rounded and as evenly represented as you can get. All points of the compass and then some. If we fail, again, maybe one of these children will benefit enough to figure their way out of whatever mess awaits them in the future. I don't like dancing around the truth. Any negative texts, calls or PM's will be ignored.
http://www.zerohedge.com/news/2015-08-24/energy-sector-stocks-crash-4-ye...
P.S. PM = Private Messages
Public messages will be replied to as politely as the situation warrants. All things considered my reply was 100% truthful, polite and I even said it with a smile.
This is not a response to the reply by lost money.
My advice, based upon my own life experience:
Start businesses, create products and services, earn all the money you will need for the rest of your life, then quit the rat race and keep your savings in cash or treasuries - fuck the hyper-corrupt equity casino - and live out the rest of your life in comfort, peace and tranquility.
I wish I had better news for Millennials because my wife is one from Russia. There is not much I can do except play the game and I play it close to the vest by refusing to play it. I am GenX and I can't seem to win no matter what I do but I am still OK for now. Don't run up any more debt then you need to is all I can say. I am glad to see that so many Millennials are pissed off. I bought more than one gun and they are not all for me. The PTB are terrified of us and they should be.
They have to reckon for what they did. I think they fucked with the wrong generations.
Hey Millennials, take some heart because it is like this and it is very real.
https://www.youtube.com/watch?v=IerahEMmYZk
hey! i wrote that in 1987 when I got out.
I was fortunate enough to spend some time as an adult talking with my grandfather. He ran a hardware store in Appalachia through the Great Depression. He told me a lot of wise things, one of which was that you shouldn't ever put any money into the stock market unless you could afford to never see it again. He said the markets always seemed to make the wealthy insiders rich but it's hit or miss for the rest of us, and most of us can't afford to miss. So it's far better to not have any debt than to take a flier on the markets. He said a lot of other very worthwhile things too, and had some hilarious stories about bootleggers and strippers from the late 1920s, but this article is about the markets so I'll stick to that.
If the Millennials are the ones to re-discover what people learned the hard way 80 years ago, so be it.
If you want to gamble with your money...go to Vegas. The odds are much better.