Bill Gross Warns Of Demographic Doomsday

Tyler Durden's picture




 

"It’s a wonderful life for the 1% and a Xanax existence for the 99," Bill Gross says, bemoaning the pacification of the masses that the (former) bond king likens to "a day at the Coliseum" for Plebian citizens and "cake" for the French Bourgeoisie.

But while the myriad creature comforts available to a society that's more interested in "Fantasy Sports, cellphone game apps, sexting, and fast food" than it is with the fact that "half of the U.S. population doesn’t go to work in the morning [or] that real wages after conservatively calculated inflation have barely budged since the mid 1980’s," may serve to keep the populace in a state of perpetual stupor thus forestalling an inevitable revolt by both the proletariat and the elite, demographic realities are set to make the "next few decades" difficult - even for an American electorate drunk on Xanax. 

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"It's A Xanax World," by Bill Gross

The Romans gave their Plebian citizens a day at the Coliseum, and the French royalty gave the Bourgeoisie a piece of figurative “cake”, so it may be true to form that in the still prosperous developed economies of 2016, we provide Fantasy Sports, cellphone game apps, sexting, and fast food to appease the masses. Keep them occupied and distracted at all costs before they recognize that half of the U.S. population doesn’t go to work in the morning and that their real wages after conservatively calculated inflation have barely budged since the mid 1980’s. Confuse them with demagogic and religious oriented political candidates to believe that tomorrow will be a better day and hope that Ferguson, Missouri and its lookalikes will fade to the second page or whatever it’s called these days in new-age media.

Meanwhile, manipulate prices of interest rates and stocks to benefit corporations and the wealthy while they feast on exorbitantly priced gluten-free pasta and range-free chicken at Whole Foods, or if even more fortunate, pursue high rise New York condos and private jets at Teterboro. It’s a wonderful life for the 1% and a Xanax existence for the 99. But who’s looking – or counting – even at the ballot box. November 2016 will not change a thing – 8 years of Hillary or 8 years of a non-Hillary. Same difference. Central bankers, Superpacs, and K street lobbyists are in control. Instead of cake, the 49.5% (males) will just have to chomp on their Carl’s Jr. hamburger and dream of a night with 23-year-old Kate Upton lookalikes that show them how to eat it during Super Bowl commercials. And if that’s too sexist, then Carl’s is substituting six-pack hunks instead of full-breasted models to appease the other 49.5% (females). It’s a Xanax society. We love it.

But I kid my readers – (that’s what comedians say on TV when they approach an edge). Kidding aside, however, if the 99 think they’ve got it good (bad) now, just wait 10 or 20 more years until their bills really come due. Of course by then, the 1% likely won’t be doing so well either, but there’s the hope that each and every one of them (us/me) can sell before the deluge. I speak specifically though to liabilities associated with the Boomer generation: healthcare, private pensions, Social Security and the unestimable costs of global warming, but let me leave the warming of the planet out of it for now. Let me try to convince you with some hard, cold facts, many of which are U.S. oriented but which apply as well to much of the developed world, because we’re mostly all getting older together. Demography rules.

Explaining this demographic countdown requires an impolitic concession that the world’s population is gradually aging, some at a faster rate than others (Japan, Italy, Taiwan!) but mostly in developed vs. undeveloped countries. And it is the elderly that require more services and expenses than newborns, although at first blush it would seem that an infant in diapers requires more attention and healthcare than a 70-year-old retiree. Not really. To focus on some U.S. centric mathematical realities, several years ago Mary Meeker in a 500 page, softbound edition entitled “USA Inc.” put together a series of U.S. Treasury and other government reports that outlined just how dire America’s future demographic is in terms of financial liabilities. It is one thing to put readers to sleep with a 2030 forecast for aging boomers, as shown in Chart 1 but another to use the government’s own present value of these debts as of 2016. If financial market observers seem aghast at current Greek or Puerto Rican debt traps, they would surely take a double dose of Xanax when confronted with this: Fact – The U.S. government has current outstanding debt of approximately $16 Trillion or close to 100% GDP. The present value, however of Medicaid ($35 trillion), Medicare ($23 trillion), and Social Security ($8 trillion) promised under existing program totals $66 trillion or another 400% of GDP. We are broke and don’t even know it, or to return to my opening analogy, we are having our cake, eating it at the same time and believing that a new cellphone app will be invented in the near future to magically deliver more of the same. Not gonna happen folks.

Some politicians like Paul Ryan who argue for balanced fiscal budgets are intelligent sounding but relatively clueless. “Austerity – if not now, then when?”, he would argue in Reaganesque twitter. “Let’s slow down or even stop the inexorable clicking of the debt clock: 16 trillion, 17 trillion, 18 trillion”…he would add. Well yes, every little bit helps, Mr. Ryan, but the fact of the matter is (a great political phrase, is it not?) that reducing the growth rate of current government debt does little to help what in essence is a demographic not a financial problem: too few Millennials to take care of too many Boomers. Social Security “lock boxes” or Medicare/Medicaid “trust funds” which in essence represent “pre-funded” liability systems, cannot correct this demographic imbalance, because financial assets represent a “call” on future production. If that production could possibly be saved like squirrels ferreting away nuts for a long winter, then Treasury bonds or purchasing corporate stocks might make some sense. But they can’t. Future healthcare for Boomer seniors can only be provided by today’s Millennials and even doctors yet to be born. We cannot store their energy today for some future rainy day. Nor can we save food, transportation or entertainment for anything more than a few years forward. Each of those must be provided by a future generation of workers for the use of retired Boomers. And as Chart 1 points out, the ratio of retirees to workers – the dependency ratio – soars from 25 retirees for every worker to 35 over the next 10 years or so.

There’s your problem, and neither privatization nor any goodly number of government bonds deposited in the Social Security “lock box” can solve it. While these paper assets may “pay” for goods and services, their value will be market adjusted in future years to exactly match the quantity of things we buy, and that quantity will be substantially a function of the available workforce and the price they command for their services. This is another way of saying that the value of Treasury bonds and even private pension held stocks will be marked down in price as they are sold to pay for future goods and services, and that the price of these goods and services will be marked up (inflation) to justify their reduced demographic supply. Productivity gains are often advanced as a solution but productivity gains have been shrinking in recent years, and even so, employed workers cannot be expected to hand over future advances to retirees without a fight. Having more babies would also turn the trick, but at the moment, making fewer seems to be the going trend.

Investment implications? Well it is true that if much of the developing world is younger demographically (think India), then developed nations could and should transfer an increasing percentage of their financial assets to emerging markets to help foot the demographic bills back home. Long-term then, as opposed to currently, think about increasing your asset allocation to the developing world. It’s also commonsensical that if higher Millennial wages are the probable result of a shortage of healthcare workers relative to Boomer requirements, then an investor should go long inflation and short fixed coupons. U.S. 10-year TIPS at 80 basis points seem like a good hedge in that regard. And of course in terms of specific equity sectors, healthcare should thrive, while liability handcuffed financial corporations such as insurance companies as well as the bonds of underfunded cities and states such as Chicago and Illinois, should not. Other countries have similar burdens. The Financial Times reports that the UK pension industry faces a 20-year wait until they might have enough cash to meet their liabilities in 2036. Until then, they cannot. In general, it seems demographically commonsensical that Boomers have in part been responsible for asset appreciation during the heyday of their productive years and that now, drip by drip, year by year, they will need to sell those assets to someone or some country in order to pay their own bills. Asset returns will therefore be lower than historical norms, especially because interest rates are close to 0% in developed countries.

Demographics may not rule absolutely, but they likely will dominate investment markets and returns for the next few decades until the Boomer phenomena fades away. The 1% – in addition to the 99 – will need extra doses of Xanax, or additional slices of cake, to cope in the next few decades. Let the games begin.

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Thu, 01/07/2016 - 09:29 | 7010478 Boris Badenov
Boris Badenov's picture

If Males make 49.5%   and the other 49.5% is females, then he's not so good at math.  Oh, wait.

Thu, 01/07/2016 - 10:51 | 7011031 rejected
rejected's picture

Transgender == 1%

Thu, 01/07/2016 - 09:33 | 7010506 GhostOfDiogenes
GhostOfDiogenes's picture

I have ecapuslated this article into one sentence.

Bill Gross is a 'good jew' telling us goyim how bad the 'bad jews' are.

Like rats leaving sinking ships, the little jews know the goyim won't descriminate when the killing starts.

Thu, 01/07/2016 - 09:36 | 7010518 metanoic
metanoic's picture

Long term analysis on a system slated for decommissioning is never going to make sense. The demographics are in Asia and that just happens to be where all the globalists are relocating their assets and control structures. US is getting dumped, the parasites have bled us dry and need a new host.

Thu, 01/07/2016 - 09:41 | 7010544 NoWayJose
NoWayJose's picture

It's been one of my paradigms that as we get closer to a debt collapse, the young (and old) that have marketable skills and a willingness to work, will be compensated in higher wages - even if that means hyperinflation. The effect is a 'soft re-set' of the balance between productive people and non-productive people - plus it is the only way that 2030 dollars can ever pay off 2016 debt levels. Basically - cut the $18 trillion in debt to $6 trillion - but cut the value of the dollar to 1/3rd of its 2016 value. In such a setting - wages do keep pace (mostly), but entitlements lose value because of under reporting inflation. Thus the productive workers turn out OK, but those holding debt and those who are unproductive get hurt.

Thu, 01/07/2016 - 10:17 | 7010802 RiverRoad
RiverRoad's picture

Problem is many of our young (and old) don't have marketable skills and most companies have long since dropped their training programs.  Companies all want to hire people with "experience" from somewhere else.  Much cheaper (more $ in execs' pockets) that way.

Thu, 01/07/2016 - 11:59 | 7011509 Baa baa
Baa baa's picture

They don't want experience, they want cheap, young, grads they can indoctrinate and have serve for a lifetime doing life THEIR way.

Thu, 01/07/2016 - 10:31 | 7010889 CoastalCowboy
CoastalCowboy's picture

"Thus the productive workers turn out OK, but those holding debt and those who are unproductive get hurt."

We can only dream of this.  Debt holders and the unproductive outnumber the productive will always out vote them.

The productives only hope is to work under the table.

Thu, 01/07/2016 - 10:50 | 7011027 Vlad the Inhaler
Vlad the Inhaler's picture

Don't forget about automation/robotics and outsourcing work overseas.  Lots less productive US workers will have jobs moving forward.

Thu, 01/07/2016 - 11:55 | 7011466 Baa baa
Baa baa's picture

Worm's eye view. Pick yourself up and take a gander.

Thu, 01/07/2016 - 09:43 | 7010559 gswifty
gswifty's picture

The problem/solution is that the real world doesn't give a fuck how it looks on paper. This is not humanity.

Thu, 01/07/2016 - 09:46 | 7010581 wanderer9641
wanderer9641's picture

Where I live the stats came out for 2015 - population approx 1,000,000 - birth approx 7,100  - simple math says that we are falling fast in population. In less than 70 years we will be cut in half. Pay for today from tomorrow, unless tomorrow does not have anyone to pay.

Thu, 01/07/2016 - 11:06 | 7011107 Bopper09
Bopper09's picture

Don't worry, the Syrians will fill in for our low birth rates.

Thu, 01/07/2016 - 09:54 | 7010647 gmak
gmak's picture

Screw demographics. That's old news. How about $16trillion in debt and an inflated FED balance sheet that needs to be unwound.  That "money" is reallly the future productivity of the country. Unless that debt is repudiated, future generations will be working to pay that off. Since Reagan, there has been a stealth tax. Politicos must be laughing every night playing their word games about "no tax increases", when all they do is borrow the money instead and saddle the taxpayer with paying it back (ie taxes by any other name).

 

Demographics don't matter because so much future production / productivity was brought forward and "spent" now that there is very little left for the future for a long time. Standards of living WILL be falling - make no mistake about that - not because of demographics but because most future production (apart from that that has been already stolen by the 1% via their political lap dogs) now belongs to someone else (whoever holds the debt). And, as China liquidates (soon to be followed by Japan) - who knows who the once and future masters will be? 

Thu, 01/07/2016 - 10:27 | 7010730 metanoic
metanoic's picture

The future masters are the same as the current masters they'll just have a new HQ in Asia. I agree US demographics dont; matter domestically because we're screwed as you've explained but Asia's demographics are essential to keeping the fraudulent infinite growth idea steaming ahead. No US dollars required either.

Thu, 01/07/2016 - 10:04 | 7010724 Government need...
Government needs you to pay taxes's picture

Globofascistas lovingly follow the false belief that the Western welfare state can be sustained in the face of these demographics by merely importing more bodies from the Sandbox/LatAm/Africa.  This belief is as valid as the belief that printing fiat fixes a recession.  The bodies in the Sandbox/LatAm/Africa that are available for relocation are not very productive, and they come pre-programmed with a variety of incompatible beliefts (Islam, feral savagery, totalitarianism).  In short, while the demographic problem is real enough in the face of runaway entitlement spending for an aging population, the proposed solution is merely a DIFFERENT flavor of poison, one that will degrade our uniquely American way of life, including (particularly) individual liberties.  THERE IS ANOTHER OPTION!  Dismantle the runaway entitlement programs, let deflation run its course, and change the cost/benefit equation of productive adults when they contemplate having more children.  Let's see what happens if private school costs 50% less than current levels.  Let's see what happens when home prices (in % of annual income) decrease 50%.  Let's see what happens if healthcare is a la carte at 25% of current pricing levels.  My guess?  Productive white/asian/indians will choose to have more kids AND RAISE THEM TO BE PRODUCTIVE.  All it takes is the public acknoledgement that the current welfare state is unsustainable, with the accompanying downsizing of .gov.  The alternative is an increasing 'hot' conflict between .gov and the productive citizenry.  CHOOSE WISELY, bitches!  

Thu, 01/07/2016 - 10:46 | 7011002 nevertheless
nevertheless's picture

What an odd way of thinking, astounding disconnect from reality. So these "sandbox, LatAm, Africa", peoples are "pre-programmed". So tell me, it is they who are selling us weapons, is it they who are corrupting OUR government, so as to get at our resources cheaply, is it they who instigate war after war, sowing ciaos and misery? 

It is simply astounding the lack of accountability: America is fascist, and if you read Zero Hedge you would know that. You would also know how the CIA has worked tirelessly to destroy healthy governments in South America, Africa, Eastern Europe, Middle East, all to insure all sorts of US (Zionist) global priorities. 

What was Iraq, was that an example of Islamic totalitarianism, or US/Zionist imperialism, and militarism? 

There is no doubt, the US needs NO MORE IMMIGRANTS from these 3rd world nations, but we also need to see "OUR" government's hands in creating the dynamic that makes them want to move in the first place. 

The CIA/Mossad, creates ISIS, funds it weapons, they destroys entire cities, causing people to flee, and when they try to come to America to get away, YOU say, we don't want YOUR PRE-PROGRAMMED BELIEFS?! 

Thu, 01/07/2016 - 11:52 | 7011442 Baa baa
Baa baa's picture

I'm a Greek-Gorilla. Fuck with me.

Thu, 01/07/2016 - 14:34 | 7012684 Government need...
Government needs you to pay taxes's picture

Yes, these untermensch from the sandbox, africa, and LatAm cross the proverbial Rio Grande with a certain set of notions about government, entitlement, and what is socially acceptable.  Look @ these geographies.  Point out a single Republican demoncracy in the Middle East, LatAm, or Africa.  You think the wetback, niggers, and dunecoons coming here are seeking the rule of law and political stability needed to build their dream, or are they looking to get hooked up with the EBT/HUD, Preezycare, free fone package?  

 

The US USED TO BE a highly unique place for exceptional people to walk in the lightness of extraordinary freedom whilst reaching for their dreams within the framework of a free-market economy.  In this early America, opporutnity was favored, great risk was necessary, and if you couldn't hack it, you relied on private charity or you died.  Somehow, socialist doctrine crept in and the welfare state began.  The same philosophy of telling others how to live their lives is readily applicable to foreign policy.  Add in technology and wealth, and the roots of the warfare state have all the soil they need. Layer on some reckless fiscal policy and some illegal monetary policy, and you have the current regime tyrannizing people the world over.

 

If you are implying I'm not holding myself accountable, you dont know shit about the personal risk I'm taking in the correspondences I have ongoing with local, state, and national politicians.  What a twisted argument you spin, Lying Lefty!  The cancer is undoubtedly the globofascism that permeates much of American and particularly government.  Bullshit the US needs more untermensch who are looking for a handout plus some women to rape and infidels to stone.

 

You are Goddamned right I dont want that kind here.  I want immigrants who recognize that freedom and individual responsibility (codified in the Constitution) are critical building blocks for success and happiness.  Not 'gimmiedat' freeshitters with a jihadi or MS-13 or Ubuntu attitude.  

 

I'm with you though in my loathing of the NSA/CIA apparatus.  Hang those bastards high.

Thu, 01/07/2016 - 10:06 | 7010747 deKevelioc
deKevelioc's picture

 I speak specifically though to liabilities associated with the Boomer generation: healthcare, private pensions, Social Security and the unestimable costs of global warming, but let me leave the warming of the planet out of it for now.

 

Stopped reading at this point.  What a piece of shit.

Thu, 01/07/2016 - 10:07 | 7010753 Government need...
Government needs you to pay taxes's picture

I looked up the ethnic makeup of the US Fedcoat employee workforce.  As of 2010, 18% were niggers, whereas nationwide, niggers comprise 13% of the population.  It's another angle on why .gov is becoming more incompetent and implicitly tyrannical.  Looking @ Africa, niggers love them totalitarian regimes.  The tribal model, if you will, where da 'Boss Man' calls all the shots.  

Thu, 01/07/2016 - 10:25 | 7010860 nevertheless
nevertheless's picture

Ignoramus, you can't have a discussion without being a racist asshole, or is the world "African American", just too long for your lazy ass to write.

 

Of course the substance of your comment is just as poorly thought out as your wording. You don't look at the cause of destructive programs like welfare, drug introduction into their communities, long term effects of slavery...

 

Why is it pieces of shit like you always look at the people with the absolute least power in our society to blame all our ills?!

Thu, 01/07/2016 - 10:46 | 7011000 rejected
rejected's picture

There is no such thing as African-American,,, or European-American,,,or  Asian-American or Mexican-American and the score of other other titles that shitbirds use to divide the masses.

Say an American is born/lives in xxxx .... would that be American-Japanese,,, American-Asian,,, American-African,,, American-American if in South America.

Read history,,, Every race and religion has been someones slave over the millenniums...

Get the fu*k over it!

Thu, 01/07/2016 - 10:58 | 7011066 nevertheless
nevertheless's picture

I have no qualms with just calling everyone an America, period. 

 

But as for "every race and religion has been someone's slave", who fucking cares, the point is that such slavery has costs, and not surprising you don't want to pay those costs, typical zionist American thinking. We cause a war, but don't want to deal with the aftermath. Where is GW now, out on a golf course, what price did he pay for causing hundreds of thousands of lives killed and injured. But again this is America, never any accountability. 

 

The word is ACCOUNTABILITY, and when you do harm, you pay the price, one way or the other. 

 

I am not a politician/media, I don't care if someone ELSE did something, that does not make it right to have done again. 

 

Funny how you would never hear your type of "reasoning" when another Holocaust movie is released or discussions about Jewish genocide, "it happens"... 

Thu, 01/07/2016 - 11:05 | 7011103 12357111317
12357111317's picture

I think I am a Scottish/English/French/Native/Passed-For-White American, but we ALL came from Africa, so who cares?  Calling yourself a "minority" is just another way to get the government to tax other people and give their money to you.

Thu, 01/07/2016 - 11:08 | 7011122 rejected
rejected's picture

"But as for "every race and religion has been someone's slave", who fucking cares"

Agreed,,, but read your post previous post where one could interpret otherwise.

I am personally tired of this hyphenated identity bullshit. Nothing is stopping those that prefer it from returning to their heritage root country.

Your American, Stop the divisional crap already!

Thu, 01/07/2016 - 11:49 | 7011415 Baa baa
Baa baa's picture

Is he golfing with the POTUS now?

Thu, 01/07/2016 - 11:46 | 7011251 Flankspeed60
Flankspeed60's picture

Least power? Really?? POTUS? All Sharpton one of most frequent visitors to WH? Affirmative Action still in place in govt. hiring practices? Jesse Jackson shakedown road show? Some fed. govt. institutions 40% or more black? Valerie Jarrett and Chicago cabal? Federal hate crimes that prosecute only whites? University admissions? Obama phones? Highly disproportionate welfare allocations? HUD's new program to force blacks into traditionally white neighborhoods?

And "....long-term effects of slavery"??!@# Slavery only existed as an official US institution between 1789 and 1865 - a mere 76 years. Its been gone for over 150 years. Exactly HOW long must the rest of us endure the 'sins of our fathers' while you recover? AND, BTW, exactly which tropical African paradise would your worthless righteous ass now be in residence HAD IT NOT BEEN FOR SLAVERY? Slavery has certainly paid off for YOU.

Instead of gratitude for your good fortune to be the beneficiary of your ancestor's sacrifices, you denigrate whitey, failing to understand HIS grievances and resentment for being made to suffer for actions beyond his control. How long do we have to wait for you to realize that blacks and whites have been pitted against each other in a much larger game that you obviously still do not understand?

Sick and tired of black bitching....................

Thu, 01/07/2016 - 11:47 | 7011388 Baa baa
Baa baa's picture

He lost me at global warming. A plant, troll, propagandist.

Thu, 01/07/2016 - 14:44 | 7012759 Government need...
Government needs you to pay taxes's picture

Fuck you, and fuck your pathetic apologist arguments for the niggers perpetual underachievement and chronic reliance on productive whites, asians, and indians.  You are BLIND to the largest and best datasets out there across showing niggers are deficient relative to other ethnicities in intelligence and impulse control.  

Think slavery is why niggers commit more crime?  Explain the crime data by ethnicity for the UK (where slavery never occurred) versus the US.

Look @ Africa, where the niggers are in their natural habitat.  Show me a single example of a Republican democracy in Africa.  While you are at it, show me a single 1st world nation in africa.  Why, motherfucker, is Africa so fucked up, if the indigenous tribesmen are merely oppressed by da evil white man?

Your other arguments can be readily disproven by looking @ crime rates in London versus NYC by ethnicity.  

You've got nothing in your post other than rather weak, generic apologies for niggers.

You want to change my mind?  Convince me with data.  

Fri, 01/08/2016 - 00:19 | 7015576 EternalAnusocracy
EternalAnusocracy's picture

Equitorial Guinea  -- per capita income (PPP) $25,929

Bahamas  per capita income $21,280

Trinidad and Tobago $14,400

 

Some white nations:

Moldova  $2232 per YEAR

Ukraine $3034 per YEAR (before the war even)

Macedonia   4482 per YEAR

Bosnia   4587 per YEAR

Serbia 6123 per YEAR

....... read the rest here.......

https://en.wikipedia.org/wiki/List_of_sovereign_states_in_Europe_by_GDP_(nominal)_per_capita

 

By your argument, it should be impossible for blacks to have a high income economy, and white nations to be dirt poor.  

Thu, 01/07/2016 - 10:15 | 7010794 ManTheMan
ManTheMan's picture

!!!! SOYLENT GREEN IS PEOPLE!!!!!

Thu, 01/07/2016 - 10:31 | 7010893 nevertheless
nevertheless's picture

How is it we can such a discussion and not discus immiration. I live in the North East and there are entire cities that are majority Latino. 

Thu, 01/07/2016 - 10:56 | 7011055 Bankster Kibble
Bankster Kibble's picture

Are they taxpayers?  If so, you are lucky.  You also might want to learn Spanish as a second language.  The people eventually taking care of you in the nursing home could very well be Spanish-speakers.

Thu, 01/07/2016 - 10:38 | 7010943 rejected
rejected's picture

Another kill Grandma article...lol.

No mention of the wars,,, military /  security industrial complex,,, foreign aid,,,theft of social security funds to pay for welfare/EBT of the generations that now want Granny dead and the afore mentioned wars.

Yep,,, kill off the oldsters and the skies will be blue and the birds will be singing. All economic problems miraculously solved............ until the next generations become 'old' and time for them to just die.

Thu, 01/07/2016 - 11:01 | 7011087 12357111317
12357111317's picture

Once again the lie is repeated that "there are not enough people in Generation Y to support the retirees in Generation X". 

The truth is that resources, not people, support retirees.  With the technology we now possess, one person can grow food for 100.  Clearly, that 100 can include quite a few retirees.

The only way the lie can be made to appear a truth is if TPTB can mess with the distribution system enough to change it from "Generation Y grows enough food for both themselves and their parents", to "Generation Y needs to have lots more children, who will purchase lots more products from TPTB's Corporations, and therefore the stock price of TBTP's Corporations will increase, and some small portion of that increase in "wealth" can be used to feed Generation Y's parents".  Oh, and by the way, Generation Y will also have to furnish taxes and warm bodies for wars against The Foreign Corporations who will be competing all over the world against TPTB's Corporations for the planet's dwindling resources, which are dwindling precisely because there are so many children.

Only sheeple believe that more babies are needed to support, or can support,  anyone now on the planet. 

Thu, 01/07/2016 - 13:18 | 7012147 Raging Debate
Raging Debate's picture

12357 - Yes a distribution issue. Lloyd Blankfein was on Charlie Rose and stated the same thing. But dont ask Lloyd how to solve it, he knows but will never state it. The answer is end lobbying. 

Thu, 01/07/2016 - 16:50 | 7013554 12357111317
12357111317's picture

Thank you.  I think:

Human overpopulation is by far the biggest threat to humans and planet Earth. 

Every problem we have today is directly or indirectly the result of overpopulation.

In order to enrich TPTB's, every possible effort is made by every TPTB-controlled institution - media, government, church, schools - to shame people into having more babies, even when there are clearly insufficient resources to support those babies, and those babies are thus doomed to lives of poverty and misery and, resultingly, crime and even terrorism.

Every "successful" Popular Religion today - Catholicism, Islam, Mormonism, Hinduism - serves TPTB by telling its group of peasants to have more babies so that TPTB can sell those babies more stuff.

Thu, 01/07/2016 - 11:02 | 7011088 Bankster Kibble
Bankster Kibble's picture

If we are so worried about demographics, maybe we should copy the Russians and pay women to have babies.  That won't change things for 20 years, tho, and the debt-berg of derivatives will probably kill us all before then.  I notice this article doesn't talk about all the derivatives our fearless leaders guaranteed.

I suspect a lot of us will end our days in cardboard boxes, living rough, not in comfy nursing homes.

Thu, 01/07/2016 - 11:17 | 7011184 rejected
rejected's picture

Absolutely,,, Those same derivatives that those traitorous asswipes in DC just made a public responsibility!

Check out the new bank rule folks... 1st- Bail in,,, 2nd Bail out.

Can you imagine the dumbshit expressions on Americans faces when they discover all 'their' money has gone to save the bank.

Thu, 01/07/2016 - 11:30 | 7011262 Stevious
Stevious's picture

No point in that, the illegal immigrants are doing just fine in that category.

If Obummer has his way we'll have 100,000+ new legal immigrants whose socio-religious tenants demand that they have lots of kids...

See...problem solved!

Thu, 01/07/2016 - 22:28 | 7013586 12357111317
12357111317's picture

Removed by author.  Not really worth reading.

Thu, 01/07/2016 - 11:04 | 7011096 besnook
besnook's picture

he leaves out the fate of the dollar. the math says that as long as the dollar is the reserve currency much of this gnashing of the teeth is moot because an infinite number of dollars can be printed to resolve the math issues.

if the dollar loses reserve status the whole thing falls into the abyss. americans will be lucky if they can manage food, clothing and shelter all on the same day.

Thu, 01/07/2016 - 11:08 | 7011121 Niall Of The Ni...
Niall Of The Nine Hostages's picture

The plan was always to encourage high-IQ humans capable of organizing successful slave revolts to stop reproducing by making raising a family in civilized countries a lot more expensive than it absolutely had to be. Meanwhile, low-IQ humans were encouraged to breed like rabbits, ensuring there would always be "refugees" willing to take the dirty jobs that could not yet be outsourced or computerized, and sell the masters spare parts to boot. 

Our masters knew that the system they enjoyed, where someone else's children would pay taxes and usury so they could take 40 years to die, didn't scale up. It didn't have to. The promises made to the proles were always going to be defaulted on or hyperinflated away when they became more costly to keep than they were worth. 

The class war is real. The bad guys are winning.

Thu, 01/07/2016 - 11:09 | 7011131 lindaamick
lindaamick's picture

The future of a nation is reliant on young people.  Young educated workers infuse society with creativity and energy.

Due to our current system that fosters predation of anything and everything, the corporate sector has killed off the future.  Student loan debt, absence of productive jobs and unjustified high priced assets such as housing are just three of the reasons.

Years ago when corporations via CEO's began caring mainly about this quarter's stock price over future considerations I knew there would be trouble. 

So sad for those of us oldsters who saw this coming.

Thu, 01/07/2016 - 11:15 | 7011168 besnook
besnook's picture

the key is to die before the shtf. it will really suck to be 80 and homeless.

Thu, 01/07/2016 - 12:00 | 7011521 JR
JR's picture

Here are the facts and somebody will be paying for these facts:

According to Pew Research 2014: “Some 43% of Millennial adults are non-white, the highest share of any generation. About half of newborns in America today are non-white…

  Ranging in age from 18 to 331Pew Research Center surveys show that half of Millennials (50%) now describe themselves as political independents and about three-in-ten (29%) say they are not affiliated with any religion.

…Millennials stand out for voting heavily Democratic and for liberal views on many political and social issues, ranging from a belief in an activist government to support for same-sex marriage and marijuana legalization.

Millennials are also the first in the modern era to have higher levels of student loan debt, poverty and unemployment, and lower levels of wealth and personal income than their two immediate predecessor generations (Gen Xers and Boomers) had at the same stage of their life cycles.9

http://www.pewsocialtrends.org/2014/03/07/millennials-in-adulthood/

Thu, 01/07/2016 - 11:11 | 7011132 Bopper09
Bopper09's picture

That, plus 230 trillion in unfunded liabilites. 

 

Damage is done.  Game is over.  A 5 year old kid can tell anyone there's no saving it.

Thu, 01/07/2016 - 11:15 | 7011174 idontcare
idontcare's picture

Bill just completed the Harry Dent book he was given for Christmas.

Thu, 01/07/2016 - 11:18 | 7011192 SillyWabbits
SillyWabbits's picture

The world as we know it is over and the winner is ……….???????

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