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AIG's Benmosche, Speaking From His Seaside Villa, Says World Will Need To Retire At 80

Tyler Durden's picture




 

The other government-sponsored Ben-with-a-beard was in contemplative mood as the CEO of AIG relaxed at his Croatian seaside villa in a recent Bloomberg TV interview. Benmosche stated that "Retirement ages will have to move to 70, 80 years old" as that "would make pensions, medical services more affordable... taking the burden off of the youth." Opining on Greece (well, the Greek people really): "they have to see that there is no easy way out of this" and the government must get them to work longer (Greek life expectancy is 81.3 years so there's plenty of hours left for retirement). Towing his corporate over-lord status quo line, he notes that Greece abandoning the euro could be a disaster for the country but we assume if only they would work 23 hours-a-day for 81 years at a 95% tax rate then TROIKA will be more than happy to use them as a rotating receptacle for European bank holdings.

 

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Mon, 06/04/2012 - 15:54 | 2493172 VonManstein
VonManstein's picture

fucking scum

Mon, 06/04/2012 - 15:55 | 2493181 SilverTree
SilverTree's picture

Good luck getting a Boomer to retire that late in life.

Mon, 06/04/2012 - 16:06 | 2493239 john39
john39's picture

In reality, i think Plan A for the bankers is to kill off most people before they can enjoy retirement...  of course, have to let the medical system and big pharma suck every last dollar out them first.

Mon, 06/04/2012 - 16:09 | 2493256 SilverTree
SilverTree's picture

Yerp, I can here that sucking sound now...

Mon, 06/04/2012 - 16:28 | 2493367 SilverIsKing
SilverIsKing's picture

I predict that by 2017, the retirement age is going to be 138.

Mon, 06/04/2012 - 16:44 | 2493452 Comay Mierda
Comay Mierda's picture

thats a nice fucking pad paid for by the US taxpayer bailout

looks like the slaves will have to work til 80+ to pay for it

something tells me these "elites" are awakening a sleeping giant

 

Mon, 06/04/2012 - 16:52 | 2493489 Shocker
Shocker's picture

Great Post, but what we should be talking about is, can we even keep people working till 80?

This current  job market couldn't even support someone working till 80. Retirees go down, and now a low number of new jobs open up.

This is not a real good solution.

http://www.dailyjobcuts.com

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Mon, 06/04/2012 - 17:16 | 2493561 johnQpublic
johnQpublic's picture

the woman who bagged my groceries saturday for 45 minutes had to be damn close to 80

 

plenty of room for 80 year old baggers since it takes them five times as long, there will be a need for five times as many of them

....making one fifth what they need to afford their medication

Mon, 06/04/2012 - 17:37 | 2493635 flacon
flacon's picture

You guys are so mean. *somebody* has to do the hard job of being "consumer" and "fucking-fat-rich-bastard". I mean really... which is harder, having to live a life of work till you drop, or having to endure the endless martini's and soft sand beaches of a holiday resort while every one else is working? Have pity on the poor fucking bastards..... who have to relax while every one else is slaving away. Relaxing is hard work! /s

Mon, 06/04/2012 - 17:46 | 2493673 Surly Bear
Surly Bear's picture

Well, fuck me, but I'll take the "fucking-fat-rich-bastard" job.... y'all can be the "baggers."

 

Mon, 06/04/2012 - 17:52 | 2493703 phyuckyiu
phyuckyiu's picture

We push cattle that can't walk with a bulldozer into the meat grinder, can't we do the same with the Goyim?

Mon, 06/04/2012 - 19:12 | 2493804 phyuckyiu
phyuckyiu's picture

INB4 Las Vegas Dave's Hasbara Troll Alert goes off.

Edit: I was 15 minutes too late. Figures.

Mon, 06/04/2012 - 19:28 | 2493993 The Alarmist
The Alarmist's picture

Benmosche needs to be force fed his last bonus in single USD bills until he bursts.

Mon, 06/04/2012 - 19:30 | 2494002 phyuckyiu
phyuckyiu's picture

Another wafer thin dollar, sir?

Mon, 06/04/2012 - 20:17 | 2494134 Yes_Questions
Yes_Questions's picture

 

 

BOOM!

Mon, 06/04/2012 - 20:33 | 2494182 Manthong
Manthong's picture

Croatian villa, huh?

Not all that far from a nice little eastern European town where they have a tradition for

 taking care of his kind

Mon, 06/04/2012 - 20:40 | 2494208 fourchan
fourchan's picture

scummy fuck

Mon, 06/04/2012 - 21:04 | 2494277 illyia
illyia's picture

Blow him and his bankster brothers to living hell: Make the 800+ Trillion in derivatives retroactively illegal. He will die a lonely bankrupt death. Everyone else will be off the hook for the payments and after some chaos and virtuous creative destruction...

Remake health care affordably without the gaming, payoffs and skimming.

Mon, 06/04/2012 - 21:55 | 2494475 The Big Ching-aso
The Big Ching-aso's picture

 

 

I can barely lift my dick now and they expect me to flip 1/2 pound burgers when I'm 80?  

Mon, 06/04/2012 - 19:22 | 2493975 john39
john39's picture

just ask Rachel Corrie about zionist bulldozers....

Mon, 06/04/2012 - 18:08 | 2493768 JohnKozac
JohnKozac's picture

Yes, flacon,  it's quite shameful how the Hoi Poloi belittle the hard work and achievements of Wall Street CEOs...the Upper Classes deserve better then being bashed like common folk...shameful I tell you.....

Mon, 06/04/2012 - 22:52 | 2494526 The Big Ching-aso
The Big Ching-aso's picture

 

 

Well, here's to him croakin' in Croatia from rectal obstruction caused by a rabid gerbil.

Tue, 06/05/2012 - 00:44 | 2494839 Gmoneyjr
Gmoneyjr's picture

Corporate America is just trying to suck every last dollar out of every citizen in this great country

Tue, 06/05/2012 - 00:49 | 2494848 Gmoneyjr
Gmoneyjr's picture

Corporate America is just trying to suck every last dollar out of every citizen in this great country.

Mon, 06/04/2012 - 18:45 | 2493881 NumberNone
NumberNone's picture

Does anyone wonder why he's in a seaside villa in Croatia?  Maybe it's because Croatia is called "Croatia - The Yachtsman’s Haven" This fucker is wagging his finger at the masses while on the payroll of a company that would not be in existence without taxpayer bailout and at the same clearly looking toward a future of tax evasion in order to not pay back into the system that is supposed to be a safety net that prevents people from having to work until they are 80.  Will somebody in the SEC or Congress grow some fucking balls and imprison plus publicly humiliate this walking pieces of shit?

For more details on Croatio - The Yachtsman's Haven...here's an article for you...some highlights:

In conclusion, if you do not receive a salary, consultancy fees or similar income in Croatia, the tax situation is very favorable. The following income is tax-free:

- Interest payments - on loans, investments, deposits with financial institutions, public loans and securities and similar income.

- Pensions received from abroad.

- Capital gains - from trading securities and other financial assets, and capital gains from real estate if you occupied the real estate, held the property more than three years or sold it to your spouse or members of your immediate family.

http://www.escapeartist.com/OREQ9/Living_In_Croatia.html 

Mon, 06/04/2012 - 20:31 | 2494183 cougar_w
cougar_w's picture

Croatia is probably a really easy place to get someone whacked on a contract. What you think ... $500US might get it done?

Of course I'd never advocate anything like that. Was just wondering out loud. We're here talking about the global economy and all.

Mon, 06/04/2012 - 21:45 | 2494424 Axenolith
Axenolith's picture

People with that kind of money aren't in the range of $500 hit men.  The dudes who contract for that are in the least someone who can do it from 750+m. 

Mon, 06/04/2012 - 20:35 | 2494193 superflyguy
superflyguy's picture

The amount of money you have to drop to the politicians in Croatia outweights any benefits you get from taxation. On top of that value added tax (pdv) you pay on anything you buy is 25% (and keeps raising every year) making things more expensive than even in the other euro countries (can't even compare the markup against US). And the icying is that everything down on the coast is twice the amount further north just because idiots like this guy and Bill Gates vacation there.

Nice place to go to for a short vacation but a shithole if you live there. I'd take Thailand or Malaysia over Croatia any day. Better weather, friendlier people and prettier beaches (planned contsruction and non-destruction of natural beauty in an unknown subject to croatian people).

Mon, 06/04/2012 - 20:59 | 2494264 Oracle of Kypseli
Oracle of Kypseli's picture

He owns wineries there and uses his position to plug Croatian wines.

Mon, 06/04/2012 - 17:07 | 2493520 Shocker
Shocker's picture

.

Mon, 06/04/2012 - 16:28 | 2493369 Doña K
Doña K's picture

If all who have access to the media claim that exiting the euro will be disasterous, it can easily be concluded that the opposite is true.

Live version example: Iceland.

TO SYRIZA LEADERS: If you want to save your country, get out of the euro ASAP. The country is ready to pick up the pieces and prove everyone wrong. Nothing is more important right now than becoming the saviour and a hero in the post euro Greek era. You wil be writing history of bravery.

Unite your people and get started immediately.

It can not get worse than it is now. Control your own fate.

Vamonos 

Mon, 06/04/2012 - 16:42 | 2493446 Moe Howard
Moe Howard's picture

Iceland did not "exit the Euro".

Iceland's banksters stiffed investors from the UK and Holland.

Not quite the same thing I don't think, bad example.

Mon, 06/04/2012 - 17:28 | 2493600 Moe Howard
Moe Howard's picture

Why the red arrows, am I not correct? Please correct me if I am wrong.

Mon, 06/04/2012 - 17:42 | 2493644 Doña K
Doña K's picture

You're right. But default is the common thread here and Iceland giving the Euro-bankers the finger is just as good comparison as any. All banks defrauded other banks and all people of all colors and gepgraphical locations.  

Mon, 06/04/2012 - 18:16 | 2493794 ThirdWorldDude
ThirdWorldDude's picture

Right on Dona K. We are all Icelanders now.

Screw the banksters and their politician serfs!

Mon, 06/04/2012 - 18:24 | 2493823 jo6pac
jo6pac's picture

Iceland banks were taken over by people outside of Iceland. When Icland said they wanted to join the EU they had to let outsiders invest/buy Iceland businesses. It didn't work out to well but the Niceland people are the only ones to put bankster in jail and file charges against those outside the nation.

Mon, 06/04/2012 - 16:50 | 2493487 Omen IV
Omen IV's picture

over the next 50 years they will  - murder by neglect  - 160 million people in this country - game is in motion not just with limitation of medical services but by creating more extraction in the form of rents of various kind - discretionary income  - will be eliminated for a huge portion of the population which will not be able to keep up with the basics

Mon, 06/04/2012 - 19:00 | 2493923 Rich Bagg
Rich Bagg's picture

I hope his cancer comes back with a vengeance and he's in hospice for 10 years.  I also hope his caretakers punch him in the nuts every hour.

 

 

Mon, 06/04/2012 - 17:24 | 2493592 FlyoverCountryS...
FlyoverCountrySchmuck's picture

Why do you think HEALTHCARE RATIONING is at the very heart of Obamacare?

Did you think the Socialist Morons around him wrote about Radical Population Controls  for nothing?

Mon, 06/04/2012 - 16:20 | 2493333 spooz
spooz's picture

You have no idea what is going on with Boomers.  Their nesteggs have been destroyed by ZIRP and repeated crashes, and they ARE getting jobs and keeping them out of necessity.  Another chart.

http://www.ritholtz.com/blog/wp-content/uploads/2012/06/teen-unimployment-1.png

Mon, 06/04/2012 - 17:59 | 2493734 cynicalskeptic
cynicalskeptic's picture

YOU CAN'T WORK UNTIL 80 IF THERE AREN'T ANY JOBS FOR YOU

Guys like Bob have been FIRING people like mad in the name of 'productivity' - code for loading up more work on cheaper workers.  

Ask all the people Bop dumped whlle at Paine Webber and Met LIfe.

 

Mon, 06/04/2012 - 18:18 | 2493802 Kassandra
Kassandra's picture

Well, yeah. There's that. Then there's the fact that 35-45% of Boomers are the primary caregivers for their elderly parents/relatives. Not for the money, but because so many of the previous generation have too much income to quality for medicaid, but not enough to pay for private care. This is just getting worse.

Mon, 06/04/2012 - 18:27 | 2493831 Its_the_economy...
Its_the_economy_stupid's picture

No one gets to retire.

Get used to it.

Mon, 06/04/2012 - 19:50 | 2494039 Ookspay
Ookspay's picture

S S I - Social Security Insurance. It was always meant to be Insurance not retirement income. The actuarial numbers worked when you started receiving it at age 62 and the life expectancy was 59, nuff said.

Mon, 06/04/2012 - 21:24 | 2494325 EINSILVERGUY
EINSILVERGUY's picture

that was a fairly ignorant generalization.   There are plenty of boomers who aren't benefiting from the New Deal or the Great Society.  There are many that will work till they drop either because of need or the work ethic instilled in them by the greatest generation.

 

 

Mon, 06/04/2012 - 15:58 | 2493197 jus_lite_reading
jus_lite_reading's picture

This shit has got to end...

Heads will be rolling very soon...

Mon, 06/04/2012 - 16:03 | 2493211 SilverTree
SilverTree's picture

How long do you think we have?

Most say within 5 years.

Mon, 06/04/2012 - 16:06 | 2493228 Divided States ...
Divided States of America's picture

First it was Greenspan, than Bernanke, than Summers, and now Benmosche.

I dont want to beat on a dead horse but from the garbage that spews out of his mouth, I can tell he is definitely Jewish.

Mon, 06/04/2012 - 16:28 | 2493261 sunaJ
sunaJ's picture

MDB would point out that the life expectancy of the average Greek is only an average.  You have at least a 50% chance that you would be able to enjoy that pension for longer than 16 months.

He would point out that if you are, say 45 years-old, you are already part of a smaller, "healthier" pool of walking dead, so if you take out the factor of the quitters your age that have croaked in their youth (grossly skewing the average), your chances are probably around 80% that you would ever get to retire.  See, not as dire as it looks, really.

 

Mon, 06/04/2012 - 16:14 | 2493286 jus_lite_reading
jus_lite_reading's picture

Thank you for seeing the connection as well...

Remember the words of Voltaire...

>>

"I know that there are some Jews in the English colonies. These marranos go wherever there is money to be made... But whether these circumcised who sell old clothes claim that they are of the tribe of Naphtali or Issachar is not of the slightest importance. They are, simply, the biggest scoundrels who have ever dirtied the face of the earth." —Voltaire, Letter to Jean-Baptiste Nicolas de Lisle de Sales, December 15, 1773. Correspondance. 86:166

Written over 200 years ago...

Mon, 06/04/2012 - 16:18 | 2493311 IndicaTive
IndicaTive's picture

Das raciss!

Mon, 06/04/2012 - 17:55 | 2493716 LasVegasDave
LasVegasDave's picture

Dude couldnt compete that's all.

Smartest guy in the world sitting in his house all day aint shit unless he figures out how to sell what he's got.

Curse the jews, but they do your dirty work and make you money

 

Mon, 06/04/2012 - 19:38 | 2494017 Paul Atreides
Paul Atreides's picture

Dafuq did I just read?

Mon, 06/04/2012 - 21:20 | 2494310 prole
prole's picture

LVD you got the downvote but you speaketh the truth sir!lol

Just keeping it real sheople

Mon, 06/04/2012 - 17:04 | 2493526 walküre
walküre's picture

Why is Corzine above reproach? Is he Jewish or is he Mafia?

Mon, 06/04/2012 - 17:17 | 2493567 El Tuco
El Tuco's picture

A Jew in the Mafia....

Mon, 06/04/2012 - 18:33 | 2493852 walküre
walküre's picture

straw meet camel's back

Mon, 06/04/2012 - 18:03 | 2493751 phyuckyiu
phyuckyiu's picture

Both, like the other person said.

Mon, 06/04/2012 - 18:05 | 2493758 FeralSerf
FeralSerf's picture

Kosher Nostra.

Mon, 06/04/2012 - 19:01 | 2493924 icanhasbailout
icanhasbailout's picture

People looking for the Jew in all their financial criminals might have difficulty fitting the Corzines and Paulsons of the planet into their worldview.

Tue, 06/05/2012 - 04:47 | 2495045 Disenchanted
Disenchanted's picture

 

 

The international Jew banksters have goy stooges and front men on their payroll.

 

front man

1. a nominal leader of an organization, etc., who lacks real power or authority, esp one who lends respectability to some nefarious activity
Mon, 06/04/2012 - 20:36 | 2494196 samwell
samwell's picture

his real name is Corzinski.  polish ashkenazi jew scum psychopath!  they are always trying to hide their real identity.it is not to escape persecution, it is to assimilate

Mon, 06/04/2012 - 16:19 | 2493304 jus_lite_reading
jus_lite_reading's picture

Silvertree... nobody can know for sure but math says the pressures are mounting towards this summer, as being the start everyone has been waiting for... If I had to throw a dart on the board, I think it would land near Aug/Sept and it can last for 6 months...

Even the roundtable is guessing this is the year things start to really get ugly globally...

But what do I know? Nothing at all... exept that its better to be ready for anything than late for something...

Mon, 06/04/2012 - 16:47 | 2493472 SilverTree
SilverTree's picture

Thanks lite!

Mon, 06/04/2012 - 17:00 | 2493514 1100-TACTICAL-12
1100-TACTICAL-12's picture

Off topic but, anyone needing a side arm or small caliber carbine , check out HI_POINT firearms. bought a .40 cal S&W for $175 . I haxe shot 700+ rounds not 1 jam and they were reloads. very affordable made in Ohio USA lifetime warrenty. arm yourselves.

Mon, 06/04/2012 - 20:53 | 2494252 SilverTree
SilverTree's picture

Neat; thanks.

Mon, 06/04/2012 - 19:20 | 2493968 jus_lite_reading
jus_lite_reading's picture

And one more thing silvertree.... don't be shocked if the ponzi markets rally one more time very soon in a very big way due to the inevitable QE4-QEinfinity that is on the way. It might make some sheeple believe that all is well again because the "DOW JONES MOM AND POP INDEX" is up again.

It's beyond absurd to see the average Joe Sixpack talk about the "markets" like they know what it means. One day the markets are GREEN a few points and the end of the world has been called off. The next day, the markets plunge 200 points and the grim reaper is coming!! Its absurd!! The markets mean very little except how much YOU will be paying at the pump and at the grocer...

Trickle down economics my ass. The only thing trickling down is the inflation to the "little people" and the few crumbs of fat from the fat bankster's mansions being built all over Alpine and Summit NJ... 

 

 

Mon, 06/04/2012 - 16:17 | 2493306 cossack55
cossack55's picture

Yes, I can easily envision long lines queing up at the guillotine.

Mon, 06/04/2012 - 16:52 | 2493492 Omen IV
Omen IV's picture

thats a good thing not a bad thing - we need circus

Mon, 06/04/2012 - 16:00 | 2493200 A Lunatic
A Lunatic's picture

Try not to jump to conclusions here, as I'm sure he has included himself in this.

Mon, 06/04/2012 - 16:42 | 2493445 Divided States ...
Divided States of America's picture

I doubt that....how else could he be lounging in his seaside villa unless we, the taxpayers, work till 80s or to our death, to fund this motherfucka's lifestyle.

Mon, 06/04/2012 - 16:00 | 2493204 Steroid
Steroid's picture

Where are the Serbs when you need them?

Mon, 06/04/2012 - 17:05 | 2493532 walküre
walküre's picture

Croatia and Germany go way back ... Any Ben or Mosche is considered an illegal alien there.

Mon, 06/04/2012 - 21:25 | 2494349 prole
prole's picture

The Serbs made an unforgivable mistake, they sided with US in WW2, so naturally we paid them back in our coin- treachery. a blade in the back, through the heart. The Croats were smarter, they went with Germany, they had to wait but go their reward in the end. (Croatia)

So where are the Serbs? The same place Rachel Corrie is.

Mon, 06/04/2012 - 22:05 | 2494524 kreso
kreso's picture

Let me be clear here.

In Croatia, in power are descendants of prominent secret service families which keep society in check by stirring up nationalist (genocidal Ustasha regime) and socialist (communist) feelings.

Those families have to create this quasi-division in Croatian society, or they would be called up for all the crimes they have done in the past 70 years.

The majority in Croatia enjoyed easy life in the last 20 years due to the cheap Western credit. Consequential Idleness of mind is responsible for the stupid, horrible and irresponsible comment above.

England prevails.

Mon, 06/04/2012 - 16:05 | 2493227 ACP
ACP's picture

Come on Benmosche, stick your head out that window just once more. That's all I need.

Mon, 06/04/2012 - 20:28 | 2494171 Yes_Questions
Yes_Questions's picture

 

 

Don't let the door whack you on the bail out.

Mon, 06/04/2012 - 16:07 | 2493242 Peter Pan
Peter Pan's picture

What he would really like to say to us is that we should be dying at 65 unless we can afford our own retirement and our own medical care, because governments have pissed it all up against a wall. That will get rid of all unfunded liabilities and provide for a debt jubilee as well. The only real downside will be increased housing stock and some downside for pharmaceuticals and retirement homes.

Mon, 06/04/2012 - 18:34 | 2493854 Its_the_economy...
Its_the_economy_stupid's picture

Big pharma saw it coming.

Now they got the Docs pushing chronic drug routines at grade schoolers. Parents nodding all the way. I'm grow tired of trying to wake'em up.

Mon, 06/04/2012 - 18:18 | 2493801 hedgehog9999
hedgehog9999's picture

Easy for the motherfucker to saythat . If I get paid Millions for what he does, I'll retire 'til I die...... the fuckers live their retirement whhile at work at the expense of their companies and everybody else , 5 star hotels, meals, trips, etc........ I'll work like him ...

these guys have no morals to speak like they do, and that will kill their golden goose in time!!! 

Mon, 06/04/2012 - 20:21 | 2494149 Buck Johnson
Buck Johnson's picture

He sure is scum, talking how people will have to work until 80 in order to be fair to everyone please.  This is coming from a guy who's company had to be backstopped by the US govt. because they didn't have the money for the CDS contracts that went bad.  And here we have him talking from his Croatian villa by the water.  I wish I had a villa anywhere on the planet. 

Mon, 06/04/2012 - 20:30 | 2494175 samwell
samwell's picture

another filthy psychopath ashkenazi jew scum!  they know no shame.  we bail them out and they repay us with a slap in the face.  will we never learn.  these people have been kicked out of every european nation, sometimes multiple times, for these very same criminal actions.  it will be no different here, once everything blows up sky high there will be no one else to blame.  fool me once shame on you, fool me twice shame on me.  americans should be ashamed of themselves for allowing these criminal, miscreant, abherrant, and abhorrant human beings to run rough shod over them time and again.  USS liberty, 9-11, 2008 financial crisis, 2012 financial crisis?

Mon, 06/04/2012 - 23:23 | 2494713 Doomer
Doomer's picture

Where do I sign up to drive the truck bomb into Little Prince Charming's compound?

I suppose I should now wait patiently for the DHS stormtroopers to come break my door in for writing that.

 

Mon, 06/04/2012 - 15:54 | 2493174 junkyardjack
junkyardjack's picture

That's a pretty upscale prison, oh wait...

Mon, 06/04/2012 - 20:39 | 2494204 samwell
samwell's picture

we could only dream that one day these scum bags end up in prison and rot there for the rest of their days.   but you throw them in prison and they will claim anti-semitism.

Mon, 06/04/2012 - 21:24 | 2494322 Milestones
Milestones's picture

Have Muslim guards.                        Milestones

Mon, 06/04/2012 - 15:54 | 2493175 debtor of last ...
debtor of last resort's picture

When i have to retire at 80, i will make you work for me bitch Benmosche.

Mon, 06/04/2012 - 16:31 | 2493388 Matt
Matt's picture

I always thought Animal Farm was a parody about the USSR. Little did I realize it was actually the template for all of The West.

Mon, 06/04/2012 - 16:44 | 2493460 debtor of last ...
debtor of last resort's picture

He has to be my piggy. I just want him to be my piggy, after this article. I always have a problem with choosing piggys. Thanks to zh, i don't have a problem next thursday.

Mon, 06/04/2012 - 18:33 | 2493850 swmnguy
swmnguy's picture

Same Difference, as it turns out.

Mon, 06/04/2012 - 19:51 | 2494044 Christophe2
Christophe2's picture

It's rather telling that George Orwell was a member of the vile Fabian society.

http://conspiracytruths.co.uk/georgeorwell1984.html

 

=> Ever wonder why our Rockefeller-guided schools made us study 1984?  IMO, it was to teach us that revolt is hopeless and to teach us subconsciously about how the system truly works.  In addition, it was likely thought to be a worthwhile teaching aid for young sociopaths who are to be trained to ultimately help in their satanic endeavor.

Mon, 06/04/2012 - 15:56 | 2493184 Poetic injustice
Poetic injustice's picture

If somebody says I have to work at 80, at age 60 or so I am taking gun and going for robberies. If world has not collapsed by then, which is more probable scenario.

Mon, 06/04/2012 - 16:15 | 2493293 resurger
resurger's picture
alzheimer's dementia kicks in at the age of 95, which means you have 15 years to get some hookers and blow.
Mon, 06/04/2012 - 16:19 | 2493322 Poetic injustice
Poetic injustice's picture

By age of 80 most people are wrecks, with rare exceptions. Besides my granddad is having alzheimer at age of 80 right now, I'd expect similar genes in me.
So 60 sounds good for going wild wild west.

Mon, 06/04/2012 - 16:20 | 2493332 cougar_w
cougar_w's picture

What?

No. Have 15 years to unwind a bunch of old bankers.

I don't see how most of these people are going to survive. Honestly. The world is not large enough to hide them all.

Mon, 06/04/2012 - 16:27 | 2493363 resurger
resurger's picture

 i think as the old folks grow older, they start clinging to life and money much more.

they should retire by 50 or 55 - and start teaching, writing books, and pass the experience onto others. of just flex a nut and enjoy life with their grandkids

 

Mon, 06/04/2012 - 16:46 | 2493468 Moe Howard
Moe Howard's picture

Easy to find them. Large country estates, seaside villas, penthouses in large highrises. Come the MadMax, I think I might look in those places first.

Mon, 06/04/2012 - 17:51 | 2493696 cougar_w
cougar_w's picture

Damn straight. And if the feckers have taken to the hills already ... move in with all your buddies and post a sign on the door sayng "kill all bankers"

Raid on the Hamptons. Lock and load.

Mon, 06/04/2012 - 15:57 | 2493185 squib
squib's picture

Sad day.

http://trololololololololololo.com/

Eduard Khil passed today. RIP old friend.

And to Benmosche: DIE

Mon, 06/04/2012 - 16:04 | 2493215 resurger
resurger's picture

:D

Mon, 06/04/2012 - 16:18 | 2493316 squib
squib's picture

If you guys give me the go ahead, I will change my name to 'Ghost of Khil' to honor the legend.

Resurrection this Sunday.

Mon, 06/04/2012 - 16:49 | 2493477 Moe Howard
Moe Howard's picture

Khil was best known in America for becoming an unexpected viral video sensation just a few years ago, after the discovery of a decades-old television performance. In 1976, he performed a song that was once a hit in Russia, entitled "I Am So Happy to Finally Be Back Home," written by Arkady Ostrovsky.

But when performing the song on Russian television, it was determined that the America-romanticizing lyrics to the song should be replaced with nonsensical vocalizations, including "tro-lo-lo."

Mon, 06/04/2012 - 16:59 | 2493510 Dr. Richard Head
Dr. Richard Head's picture

Or maybe he just snagged it from this 1960's version of the song?  Who knows.  http://www.youtube.com/watch?v=5n041M5FnqA&list=LLK7Q9Kl6xWpDtLIineKSgnw&feature=mh_lolz

Mon, 06/04/2012 - 17:34 | 2493620 Moe Howard
Moe Howard's picture

Nice find, Doctor. I stand corrected or updated.

Mon, 06/04/2012 - 18:37 | 2493858 walküre
walküre's picture

Did Khil sing until he was 80? Benmosche be proud.

Mon, 06/04/2012 - 15:56 | 2493187 Calvin Jones an...
Calvin Jones and the 13th Apostle's picture

And this is the asswipe that "B-52" Ben and "Turbo Tax" Timmeh hired to run AIG?  Sounds like he would have been right at home at AIG before it imploded.

Mon, 06/04/2012 - 17:01 | 2493515 Sancho Ponzi
Sancho Ponzi's picture

I'll never forget a ZH comment back in 2009 when TPTB put this wingnut in charge. 

HEHEHE commented: Seriously who is that (Benmosche) guy?  It's like they walked up to the most sh*tfaced loudmouth in some bar and said congratulations you are now CEO of AIG!

and someone had a great reply

Anonymous: Isn't that how it works?

 

Mon, 06/04/2012 - 17:57 | 2493725 ReallySparky
ReallySparky's picture

And I remember those good old days....

Mon, 06/04/2012 - 15:59 | 2493190 spooz
spooz's picture

Right.  Old people keeping their jobs till they drop will do wonders for the unemployment problem.  Just the opposite since the job turnover that needs to occur for the next generation to get employment won't happen. Invictus wrote about this yesterday on The Big Picture:

http://www.ritholtz.com/blog/2012/06/the-not-so-golden-years-revisited/

Mon, 06/04/2012 - 16:08 | 2493218 francis_sawyer
francis_sawyer's picture

Fuck Invictus & Ritholtz... Ritholtz is just a money changer for garbage collecting union workers still viable because of the largesse only because of Obummer & Co. (which means that the Invictus claim to fame is that he licks the boots of the aforementioned DO NOTHING)...

Mon, 06/04/2012 - 16:11 | 2493273 Cursive
Cursive's picture

Upvoted just for slamming the dyke otherwise known as Ritholtz.

Mon, 06/04/2012 - 16:18 | 2493312 spooz
spooz's picture

So you disagree with his charts?  They back up his opinion, as usual.  What do you have to back up your ad hom attack?

Mon, 06/04/2012 - 16:30 | 2493381 francis_sawyer
francis_sawyer's picture

Backup?

I have enough personal hours wasted at that FOS blog to know that I'm not interested in anything either of them say... Moreover ~ I'm happy at any minute of any given day to use fight club tactics on any troll who happens to show up at a blog like ZH trying to link back to TBP in the hopes that it might get a half dozen page hits by people other than university professors & academics who think that Paul Krugman & Ben Bernanke are God's gifts to economics...

Have a good day...

Mon, 06/04/2012 - 16:40 | 2493437 spooz
spooz's picture

You are a perfect example of the lack of critical thinking skills of the average "fight club" commenter.  A lotta trash talk and nothing to back it up. 

Mon, 06/04/2012 - 16:57 | 2493507 francis_sawyer
francis_sawyer's picture

Child please... WTF do I have to back up?

Everybody gets their chance to impress...

- Bernanke had his chance... FAIL

- Krugman had his chance... FAIL

- Larry Summers had his chance... FAIL

- Geithner has his chance... FAIL

- Obama had his chance... FAIL

~~~

Not that your two aforementioned heroes are even close to being in the FAME pantheon, but same result... FAIL... In fact, DOUBLE FAIL because they're nothing more than wannabees...

Jesus Tapdancing Christ... Is your personal claim to fame in trying to be a sychophant to a pair of wannabee/neverwas'ers?... Please tell me you have something better to do with your life...

 

Mon, 06/04/2012 - 18:03 | 2493733 spooz
spooz's picture

And your list of fails does what to support your indictment of Ritholtz? Sycophant? Not from what I've read.

You are a joke.

Mon, 06/04/2012 - 18:15 | 2493793 phyuckyiu
phyuckyiu's picture

From Ritholtz: "There appears to be some tin foil hat commentary, to which I won’t link, to the effect that DOL is cooking the books because the weekly Unemployment Insurance Claims revisions are almost always higher in the hope of making the Obama economy look better than it is."

Zero Hedge has documented the cooking of these books for years now, with TONS of facts, your chosen one says that is a lie. Chosen Ones: 0, ZH: 1.

Mon, 06/04/2012 - 18:39 | 2493866 spooz
spooz's picture

Yup, I busted Ritholtz for not questioning the BLS numbers before. Nevertheless, his commentary on BLS data is just as relavent as Tyler's or anybody else's. Tyler still uses the data for charts to base analysis on, same as Ritholtz.

Here is what Ritholtz said in his defense to those who question the stats:

http://www.ritholtz.com/blog/2012/02/a-few-thoughts-on-the-employment-situation/

Mon, 06/04/2012 - 19:07 | 2493940 phyuckyiu
phyuckyiu's picture

Do you get paid per link? I count over 10 in this thread. I think as another poster said, you would be read more thoroughly without all the links. Please.

Mon, 06/04/2012 - 19:28 | 2493990 spooz
spooz's picture

Ten?  I think I linked to two different analysis, one to defend your ad hom attack on the first link's analysis, and the other two links were to charts that supported my comment.  Did I forget something? Oh, then I linked to a ZH BLS analysis.  Does that count?

Mon, 06/04/2012 - 19:19 | 2493964 Shizzmoney
Shizzmoney's picture

My twitter account got blocked from Ritholtz after I raised questions, politely, about the validity of the BLS numbers.  I respect the guy's opinion on the Real Estate asset bubble, but it seems the guy just doesn't want to give into the fact that the system isn't working in terms of job creation.  No matter if his guy is in the Office or not.

Whatever.  The way things are going for working folk, we'll soon all be thrown under the bridge soon working for peanutsi nthe driving rain for our baking masters liek the folks below in the UK:

http://m.guardian.co.uk/uk/2012/jun/04/jubilee-pageant-unemployed?cat=uk...

In terms of this AIG guy, there's a special place in hell for this motherfucker, I'm covinced.  I don't know if there is a heaven, but there is a Hell, and this guy methinks has a reservation in the penthouse suite sucking dicks once the Grim Reaper calls.

http://www.youtube.com/watch?v=VOZ2PeUITPg

 

Mon, 06/04/2012 - 19:36 | 2494009 spooz
spooz's picture

Wow, maybe I'll bring that up over at BP.  I don't like censorship.  I was censored by Denninger for calling Trump a teabagger back when that guy was running his clown show.  Haven't read Market Ticker since.  Censorship sucks.

Mon, 06/04/2012 - 17:04 | 2493525 Moe Howard
Moe Howard's picture

There are only a set number of jobs in a top down managed socialized economy, like the old USSR. In a free business climate, the economy expands and people find new use for labor. You will note that the more our government expands and manages more and more of our economy, jobs are contracting, not expanding. The result of more regulation is less business and less competition. Mom and pop cannot compete against walmart and target because they cannot even begin to comply with the thousands of regulations and laws. Government regulations are not to help you, but hinder competition for the big boys.

Based on your presumption that someone must leave the labor force for a new worker to get a job, we would never have been able to get jobs in the first place.

The problem is the government. Put it back in its' cage and the economy can heal.

If I go outside, dig up some clay, make a pot, glaze and fire it, and then sell it, I added value to something and created wealth. I didn't have to wait for someone to quit a union job or a government job or both.

Mon, 06/04/2012 - 17:09 | 2493541 francis_sawyer
francis_sawyer's picture

Unfortunately Moe, you're talking to a wall when talking to idiots from Ritholtz-land...

They think that economics is based on 'charts' which are produced from a centrally & socially managed politburo... (but they're more than eager to bust down your doors & share their research with you)...

Mon, 06/04/2012 - 18:02 | 2493621 spooz
spooz's picture

Oh, so Tyler's charts based on Bureau of Labor Statistics are crap too?  Any commentary based on BLS is meaningless to you?

http://www.zerohedge.com/news/americas-transition-part-time-worker-society-accelerates-part-time-jobs-hit-record

Mon, 06/04/2012 - 17:36 | 2493633 Moe Howard
Moe Howard's picture

Thanks for the tip. I tend to go off trying to explain something nobody wants to know about.

Mon, 06/04/2012 - 17:25 | 2493585 spooz
spooz's picture

In a negative growth deleveraging economy such as the current one, some will hold on to jobs and the few openings will be for experienced labor.  The boomers will hold on to their jobs past their planned retirement age and have the experience to fill the new jobs.  This will have a negative effect on the employment of younger workers entering the workforce without experience.  Cuts in or raising age limits of social security and medicare will just exasperate things by forcing boomers to work longer.  

As far as regulation goes, my solution is to deregulate small business, heavily regulate and tax multinationals.  Every law and regulation should be put in place with the idea that small is the right model.  

Mon, 06/04/2012 - 17:46 | 2493675 Moe Howard
Moe Howard's picture

I think you are leaving an awful lot of factors out of your assumptions in the first part.

You are right on target in the second part.

I think part of our problem with this situation is that what was the norm for a very short period of time in history, people were able to retire and have 10 to 15 years of healthy, active time from their early 60's until death. My grandfather's generation did not have that, my father's generation did, and I won't. So really one extended generation had a retirement as we think of it.

In case you don't understand it, a Ponzi scheme pays off those who get in early. The base of the pyramid always gets fucked.

Social Security is a Ponzi scheme. I am near the base. Anyone younger than 50 is not even part of the pyramid, they are just the bedrock that will never get anything back really. That "greatest generation" sure cleaned up, though. Lived during the Depression when young, like kings when they got old. Now they are gone and left us the bill.

Mon, 06/04/2012 - 17:57 | 2493722 spooz
spooz's picture

So what factors am I leaving out of the first part? We are deleveraging from a bubble and will experience negative growth.  As far as Social Security goes, as it gets threatened, the boomers will be holding on to their jobs, leaving less openings for the next generation.  If the choice is working until they drop or eating catfood, they will work.

Tue, 06/05/2012 - 04:57 | 2495048 Disenchanted
Disenchanted's picture

 

 

 

Amen Brother Moe!

Mon, 06/04/2012 - 16:10 | 2493258 The Navigator
The Navigator's picture

but keeping their jobs till they drop will mean they will get a free lunch or dinner at their burger shop where they work and they won't die alone...../sarc

Mon, 06/04/2012 - 15:57 | 2493191 Normalcy Bias
Normalcy Bias's picture

Smug bastard...

Mon, 06/04/2012 - 15:57 | 2493192 Dr. Engali
Dr. Engali's picture

I'm fortunate that I have the best physicians to take care of my cancer as for the rest of you pleebs.....no soup for you.

Mon, 06/04/2012 - 15:58 | 2493194 Boilermaker
Boilermaker's picture

Pop quiz:  What is the average life expectancy in the US?

Mon, 06/04/2012 - 16:29 | 2493379 Bawneee Fwank
Bawneee Fwank's picture

Before or after the drones take off?

Mon, 06/04/2012 - 18:30 | 2493842 imbrbing
imbrbing's picture

79!

Mon, 06/04/2012 - 15:58 | 2493195 TheTwoJohns
TheTwoJohns's picture

Say what??

Mon, 06/04/2012 - 15:59 | 2493198 pods
pods's picture

I think the term is called chutzpah, no?

Mon, 06/04/2012 - 16:05 | 2493229 Rusticus
Rusticus's picture

Indeed ... it's a form of sociopathy that evolves through believing you are a member of a chosen tribe.

Mon, 06/04/2012 - 16:15 | 2493294 Normalcy Bias
Normalcy Bias's picture

Yeah, they're 'God's chosen people' because it says so in a book that they themselves wrote. I always get a kick out of that one...

Mon, 06/04/2012 - 18:25 | 2493813 walküre
walküre's picture

They got probably several millions of modern day Christians convinced that that's true and those same Christians would sacrifice themselves and all their money to make sure the chosen are protected.

 

 

Tue, 06/05/2012 - 04:59 | 2495050 Disenchanted
Disenchanted's picture

 

 

 

I think it's about time we wrote our own fucking book...

Mon, 06/04/2012 - 16:00 | 2493201 Agent P
Agent P's picture

We're going to need to build a lot more Wal-Marts to employ all those greeters.

Mon, 06/04/2012 - 16:07 | 2493232 Dr. Richard Head
Dr. Richard Head's picture

Nope - http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=1&ved=0CFIQFjAA&url=http%3A%2F%2Fjobs.aol.com%2Farticles%2F2012%2F01%2F27%2Fwalmart-greeters-will-no-longer-greet-at-the-door%2F&ei=vBTNT_PSCoT69QT-_vRz&usg=AFQjCNGSlA2n-7rmpsrZ3GduP-bxl6BsMg&sig2=2bd5Zco7Fhj8I_XZbzLJnw

Wal Mart ended its Greeter program.  Good luck finding a job boomers.

I think they ended the greeter program because Greeters would actually deter business.  Looking through their sad eyes as they tried to figure out why Social Security and Medicare didn't fill all of the gaps that the Federal Reserve created for them.  Those greeters provided me a great living, albeit zombie, example not to trust the government - similiar to my Zimbabwe note I keep tucked in my wallet.

Mon, 06/04/2012 - 16:16 | 2493298 spooz
spooz's picture

Boomers are not the ones having problems finding jobs.  The problem is that when they never leave, so there are less jobs available for the next generation.  A chart fron the Big Picture link I posted below

http://www.ritholtz.com/blog/wp-content/uploads/2012/06/teen-unemployment-2.png

Mon, 06/04/2012 - 17:05 | 2493528 francis_sawyer
francis_sawyer's picture

I'm guessing your friends mother makes $82 dollars an hour on the computer and invests it all with Fusion...

Mon, 06/04/2012 - 17:05 | 2493530 MsCreant
MsCreant's picture

You make a good point (I thought the same thing reading the article), but your tactics make it so that I don't want to look at your chart just to spite you. Take a hint.

Mon, 06/04/2012 - 17:32 | 2493616 spooz
spooz's picture

what tactics? I have no idea what you are talking about.

Mon, 06/04/2012 - 18:24 | 2493822 phyuckyiu
phyuckyiu's picture

The tactics of repeatedly linking to your chosen one.

Do NOT follow this link or you will be banned from the site!