Guest Post: The Folly of Misspent Optimism: Generation Neutral

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Mon, 09/19/2011 - 17:56 | 1686298 BORT
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Wow.   Very well said.   Also very sad but true

Mon, 09/19/2011 - 18:04 | 1686324 ihedgemyhedges
ihedgemyhedges's picture

Very well said indeed.  And might I add to our young guest poster: "Welcome to the real life in America, circa 2011"  We of the older generation owe you an apology, an apology that is massive.................

Mon, 09/19/2011 - 18:21 | 1686370 topcallingtroll
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Previous generations always thought intergenerational debt was immoral and odious. Not so the boomers.

Thanks guys

Mon, 09/19/2011 - 18:25 | 1686386 wanklord
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Ordinary Americans -primordially the ones of European ancestry- are the offspring failed generations. In fact, the states involved in eugenics during the first decades of the twentieth century did not strictly enforce the sterilization laws on those people (low IQs, retards, deformed individuals, disease carriers, imbeciles, etc). Their ancestors were labeled as undesirables in Europe and expelled from their native countries.

Consequently, the following generations are the best evidence that defective genes have been transmitted from one breed to the next and worst of all, the chances that their descendants’ DNA carrying a more complex sequence of these mutated genes are 100% guaranteed – they can be confirmed by performing scientific tests (i.e. bizarre mutations that will make these individuals being categorized as subhumans).

Besides that, never forget the following:
“It is better for all the world, if instead of waiting to execute degenerate offspring for crime, or to let them starve for their imbecility, society can prevent those who are manifestly unfit from continuing their kind…Three generations of imbeciles are enough.”
Supreme Court Justice Oliver Wendell Holmes, Jr.
Buck v. Bell, 274 U.S. 200 (1927)

Mon, 09/19/2011 - 18:30 | 1686403 CH1
CH1's picture


Mon, 09/19/2011 - 20:12 | 1686739 clymer
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CH, I don't think he is trolling so much as pointing out the absurd postulations espoused by those above the presidents, and CEO's - this garbage is pushed by the inter-generational families at the top of the global food chain under Hegelian guise to divide and conquer.

(or at least I fucking hope so)

Beyond all that.. Chris - you're a smart kid and ahead of your time.

Mon, 09/19/2011 - 21:53 | 1687095 Bicycle Repairman
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In the 1970s TPTB employed racial and gender warfare to good effect.  It kept people divided and compliant.  So I guess it's generational warfare this time.  Which of you are paid agitators and which of you are just plain chumps?

Tue, 09/20/2011 - 08:05 | 1688079 AnAnonymous
AnAnonymous's picture

No needs of TPTB for US citizens to engage in this kind of warfare. For example, in the South, during the war for Independence, US citizens prefered to patrol the slaves huts rather than to fight the war.

That story of TPTB is ludicrous. In the US, the US People is sovereign and exercizes power.

This has not been without its hiccoughs and imbalances, but on the aggregate, the American system of ever rising prosperity has brought with it a rising standard of living for all parties in the post WWII era.
Another slice of fabled past.

The betterment was done at the expense of people who are conveniently forgotten.
Classical US accounting trick. Dont account the loss, you will only get profits.

US citizens love to pretend bankers as the sole users of that trick but no, no discontinuity between the US base and its elite.

The big trouble is that now, while of course the same method is still applied successfully, US citizens who thought only others would feature the forgotten losses, have the bitter experience of discovering they are now the non accounting for losses.

This US citizen youth should comfort himself/herself with the following thought: in 30 thirty years or more, another US citizen will be able to write once again in a very US citizen manner the very same text:

This has not been without its hiccoughs and imbalances, but on the aggregate, the American system of ever rising prosperity has brought with it a rising standard of living for all parties in the 2000s~2020.

Dont write down the losses, only the gains, you will net profits. Always works, never misses.

Mon, 09/19/2011 - 19:00 | 1686534 New_Meat
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"In fact, the states involved in eugenics during the first decades of the..."

twenty-first century are approaching the "issue" from an earlier perspective.

“The most dangerous place for an African-American is in the womb.”


- Ned

Tue, 09/20/2011 - 08:09 | 1688088 AnAnonymous
AnAnonymous's picture

Ah, ah, good finding. Funny enough indeed...

Mon, 09/19/2011 - 20:17 | 1686770 nmewn
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"Ordinary Americans -primordially the ones of European ancestry- are the offspring failed generations. In fact, the states involved in eugenics during the first decades of the twentieth century did not strictly enforce the sterilization laws on those people (low IQs, retards, deformed individuals, disease carriers, imbeciles, etc). Their ancestors were labeled as undesirables in Europe and expelled from their native countries."

Sooo, ummm, should we start with inbred English royals and work our way up to John Maynard Keynes or DSK and work our way back to Robespierre?

Tue, 09/20/2011 - 08:10 | 1688094 Are you kidding
Are you kidding's picture

You're right.  You CULL the weak to improve the population.  In our modern day societies...the only ones having kids are the imbeciles and the minorities.  We're doing exactly the opposite of what a breeder would do.  These idiots are breeding us out of our own planet!  We spend millions keeping a preemie alive only to spend additional millions throughout their lives.

Mon, 09/19/2011 - 18:30 | 1686405 MsCreant
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I thought you were a boomer.

Mon, 09/19/2011 - 18:32 | 1686413 nmewn
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Not all boomers tct.

Mon, 09/19/2011 - 20:11 | 1686747 Eeyores Enigma
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Money is a claim on the future.

Boomers, for the most part prospered better than any other generation.

Boomers (and of course the beneficiaries of the FIRE economy over the last ....years) have secured the lions share of the future.

Your future belongs to US!!!!!!

Anyone under 30... you are well and thoroughly PHUCKED. GET PISSED>>>>>>


Tue, 09/20/2011 - 01:51 | 1687724 Aeonios
Aeonios's picture

lol, I'm only one year older than the author, and I can assure you that my generation is far too busy posting cartoon characters as their facebook profile to 'raise awareness of child abuse' to bother with something so dull and unimportant as economics, politics, or anything else of intellectual value.


The only good thing I have to say about my generation is that (probably) fewer of them watch Jersey shore than the generation that came right after. (echo Xers?)

The psychological cancer that is eating America can only be cured through major amputations, which of course will occur when this slow motion train wreck is finally recognized as such. Sadly, I'll be laughing all the way to the bank while my classmates dig through dumpsters for food. The saddest part, though, is that their ralleying cry will be "I don't get it, I just can't understand how this happened, America is the best".

Mon, 09/19/2011 - 19:46 | 1686670 WSP
WSP's picture

NO,NO,NO,NO,NO.  If "we" want to blame anyone, we must go back to Christmas Eve, 1913 when we allowed the bankers to create the Federal Reserve.  There is much to discuss, and plenty of door steps to place blame, but in the end, when you borrow money you take a risk, and if it goes well, you win-----otherwise, you lose.   Why is it every time ignorant fools make bad bets in their “herd” they always want to blame someone?

Who is to blame for the debt?  Well, we can start  with our debt based system, but that was not a creation of the boomers.   The reality is when people take on debt, they have a responsibility to repay it.   Nobody ever promises anyone guarantees that a debt will pay off, and I NEVER hear anyone complain when they make a risky bet (borrowing money from the squid bankers) and it pays off.  No, when people borrow money to buy houses and educations and they pay off, they say they were smart and it was a "good investment"; yet, when the bet doesn't pay off, it is ALWAYS SOMEBODY ELSE'S FAULT.

I am not buying that.  I lost my a$$ betting against tech stocks in the late 1990's since I was in the tech industry but even if I were not, I can read a balance sheet and income statement.   Unfortunately for me, I had to not only sit back in horror as the Clinton administration including Robert Rubin (criminal) and Greenspan kept pumping and pumping, but lost huge money in the process.  Sadly,  I was right, they were wrong (well, they were not wrong, just lying criminals) and knew they were pumping and the more short sellers came in, the more they lied and pumped about the “new paradigm”.  There is no new paradigm on profit and loss and cash flow----NEVER WILL BE.   The old saying the system can stay irrational (or criminal) much longer than you can stay solvent is applicable.

I later watched in horror during the mid 2000's when even my real estate broker friends told me to "lever up" on a house and take out equity to invest in the market since I could simply "pay whatever I wanted" on a monthly mortgage payment.  I refused, and sat back and watched as my friends and neighbors took trips, drove fancy cars, and lollied around in a "Wheeeee" world where I was the bad guy for not being irresponsible like them.  Now they want me to feel sorry for them?  No way!

Now, the debts have to be paid, and what happens?  People like the young generation that bought into this debt BS and even the older generation that was too irresponsible to read a balance sheet and income statement want to blame me AGAIN?  No sir, if you made a bet and it didn't work out, suck it up ----nobody bailed me out when I was RIGHT ABOUT THE BUBBLES----why should I bail you out for being wrong and taking a risk?  That is the problem with America----you can make mistakes as long as you do it with the “herd”---if you think for yourself and don’t make the mistakes, people still want you to bail them out---ENOUGH!

If you want to fix the problem, take your country back from the bankers----BUT, PAY FOR YOUR MISTAKES AS WELL!



Mon, 09/19/2011 - 21:39 | 1687058 Bicycle Repairman
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Whoa, did you just read my mind?  Green.

Tue, 09/20/2011 - 00:19 | 1687578 theabyss11
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I agree with most of what you say but I do have one question.

I work construction for a living. My job is to build people's homes. I also have a responsibility to ensure that I build them correctly and to code. If I don't do my job correctly or neglect my responsibility the home could collapse and kill anyone who was living in it.

A banker seems to have very few responsibilities other than making money but one of their jobs is to ASSESS RISK. That's their job. They also have codes (or laws) that their suppose to follow. However, when they refuse to follow those laws and are derelict in their duty of assessing risk who's fault is it when the house falls down? I can ask you to lend me a million dollars as much as I want but that doesn't mean you have to lend it to me. Just google search how much of the housing boom the FBI said was due to mortgage fraud and I think you'll catch my drift.

You know, if all I was concerned about was making money I could build you a house for pretty cheap. I could just neglect to put in hurricane ties, or screw your metal roof down every six feet instead of every two and you might not notice it at first. But when the hurricane comes and your roof gets ripped off in the storm, I would be held responsible.

Maybe its your fault for hiring me.

Mon, 09/19/2011 - 23:07 | 1687273 DoctorMad
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The fact you call yourself "Generation Neutral" instead of the more apporpriate "Generation Screwed" shows you still have a little too much of that misspent optimisim. Your parents and my parents fucked us far worse than you could ever imaginme. Other than that a fantastic interpretation of what lies ahead. If it makes you feel better I get to hit this all at an even older age as part of Gen Y.

Tue, 09/20/2011 - 02:54 | 1687793 AldousHuxley
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i believe more common terminology is "the ninja generation": No Income No Job no Assets

boomer generation brought cheap manufactured goods from china and relatively cheap oil (half of other countries) but those savings are insignificant when compared to overinflated ripoff prices of what really defines a middle class: healthcare, education, housing, job security.

basically boomer politicians gave half off on the big screen tv while you get indebted for life paying off student loans

wrnog priorities as a nation for last 30 years while third world countries are doing the opposite.

Mon, 09/19/2011 - 23:08 | 1687275 DoctorMad
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The fact you call yourself "Generation Neutral" instead of the more accurate "Generation Screwed" shows you still have a little too much of that misspent optimisim. Your parents and my parents fucked us far worse than you could ever imaginme. Other than that a fantastic interpretation of what lies ahead. If it makes you feel better I get to hit this all at an even older age as part of Gen Y.

Mon, 09/19/2011 - 17:56 | 1686299 fbrothers
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When you do not have enough to eat. You will change things. People with nothing to lose will turn this country upside down.

Mon, 09/19/2011 - 19:41 | 1686656 Dugald
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If you don't go to war first........

Mon, 09/19/2011 - 17:56 | 1686300 SaveTheGreenback
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"Damn shame what they did to that dog."

Mon, 09/19/2011 - 17:57 | 1686303 Yogibear101
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...yer gonna need a second job.  I'll give ya $20 to mow & weedeat my yard.

Mon, 09/19/2011 - 18:18 | 1686359 Fate
Fate's picture

Better take that $20 and buy a copy of Strunk & White, you ignorant fuck.

Mon, 09/19/2011 - 20:40 | 1686869 Blackfriday
Blackfriday's picture

Well said.  Made me laugh.

Mon, 09/19/2011 - 18:21 | 1686372 Bobbyrib
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Give it to one of your fellow Boomers to fund his retirement.

Mon, 09/19/2011 - 18:29 | 1686396 Global Hunter
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Mon, 09/19/2011 - 18:30 | 1686402 Global Hunter
Global Hunter's picture

You're offering 4x the going rate!

Mon, 09/19/2011 - 18:35 | 1686418 dwdollar
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I'll take that $20 if I get to turn your ass into Soylent Green when you're too old to sit up.

Mon, 09/19/2011 - 17:58 | 1686307 Iam Rich
Iam Rich's picture

Break your apathy....hope it doesn't come to some shat like beach storming in a Higgins boat.  That would be the real suck, although maybe college debt forgiveness comes with that.

Mon, 09/19/2011 - 18:07 | 1686329 NotApplicable
NotApplicable's picture

Notice he said, "I’ve yet to figure out what will break our apathy...". If he would only lower his expectations at his ability to cure his entire generation, perhaps he might try and break his own, realizing that's the only part of the world under his power.

Otherwise, it's just another example of Generation Derp with their we the sheeple mindset.

Mon, 09/19/2011 - 17:59 | 1686310 1835jackson
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What a cunty situation. Nothing worse than some university offering the madison ave lifestyle only to find out at graduation that you are royally fucked thanks to bunch of arse heads politicians/ corrupt fat fuck bankers

Mon, 09/19/2011 - 19:04 | 1686545 Talleyrand
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Don't forget about the bastard who held that gun to his head and forced him to take that 'student' loan.

Mon, 09/19/2011 - 19:23 | 1686610 Manthong
Manthong's picture

Unfortunately, an awful lot of people in the formerly Constitutional United States have a lot of expectations built upon deception, hollow promises and flawed assumptions. Capitalism has never been broken.. what we have now is a perversion of it.

"Capitalism without responsibility or proportionality degrades into racketeering and exploitation."
-Will Hutton

Mon, 09/19/2011 - 19:50 | 1686683 Boner Jamz 03
Boner Jamz 03's picture

Fuck you, and here's why: everyone of my generation is, yes, forced to overspend because (I'm guessing you're either a boomer or, god forbid, a Gen X'er) your prick generations' habits have been priced into every good on the market. I swear I think all the crude history of the early century was pent up in your parents loins and they shit out the most hideous generation ever as a means of catharsis. You credit junkie motherfuckers have shot so much 23% APR, 60 month BMW lease, black-tar bullshit into the markets that prices on everything now reflect your habits. You guys bought so much money that everything from our rent to our bread to our gas is more expensive than it should be because, guess what, it's all priced in now. So we take shitty jobs to save for college because our retard parents were more worried about buying Pottery Barn throws and Williams Sonoma toothpicks to save for our educations, unlike your parents who probably paid your whole way, you spoiled fuck (and who knows, maybe you worked hard as shit, but your attitude is such that I'm addressing you as I'd address the rest of your scumfuck generation). Don't you fucking shit on us because we were raised in a school/social system that always told us one overarching thing: you need to go to college. How many 18-year-olds are gonna question the red thread running through their entire lives.

I mean, think about it. Look at the mythology of college in America. Dude, you're gonna fuck so many chicks in college. College is the best time of your life. College is where you discover yourself. You can't do anything without going to college.

You were told the same thing, it's just that you lucked out. You're not smarter or better or somehow more skilled, you are just lucky. But guess what, all the Starbucks jokes really do hit home because that shit don't pay enough to buy a degree, and once again you guys have raised the educational bar so high that we need PhD's to get any sort of solid employment.

What's a barista to do? Just one hit, bro! It's fine! I do the shit all the time. Seriously, just take that one loan out, get your master's, and you'll be golden!

Sorry, you're overeducated. The position has been filled by some 40-something skatealong douchebag with a BA who blasts Pearl Jam out of his Saab speakers.

Alternatively: Sorry, you're underqualified. That BA is cute, but this is the big leagues. This position has been filled by some cock with 5 years experience. Wrong place, wrong time, buddy!

That's why fuck you.

Mon, 09/19/2011 - 20:21 | 1686782 clymer
clymer's picture

Don't blame us x-ers, brother. We were told the same shit. Besides, a few of us dropped out of high school, framed houses when were were 16, joined the reserves and paid for tuition out of pocket using saved cash and GI benefits, while going to class from 6 to 9:30 PM (directly after leaving the bar) until we finished that BS, state-school degree (U-Mass)

grow a set and join this fight against the machine. This has been coming for close to 100 years


Mon, 09/19/2011 - 20:24 | 1686807 clymer
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BTW, I am sorry you didn't get laid in college

Tue, 09/20/2011 - 00:40 | 1687203 Boner Jamz 03
Boner Jamz 03's picture

edit: sorry that was a little harsh

Mon, 09/19/2011 - 20:44 | 1686891 Bastiat
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So we take shitty jobs to save for college because our retard parents were more worried about buying Pottery Barn throws and Williams Sonoma toothpicks to save for our educations, unlike your parents who probably paid your whole way

Never regarded a job that fed me a as "shitty."  Sorry about your parents--most people are indeed creatures of their time and never develop real independent perspective.  Why is that?  How do we get to be who we are?  Those questions keep you humble if you ask them enough and don't accept easy answers.

Btw, my parents did not pay my way at all: GI Bill, construction work, bartending, and savings did.  When I finished my hitch in the service I was an adult and wouldn't request or accept help from my retired folks.  On the other hand, I put my kid through 2 years of prep and 4 years undergrad, at least what was needed after scholarships.  Grad school she always knew she was on her own so she worked hard for scholarships, took on some loans but as a business decision, not blindly.




Mon, 09/19/2011 - 23:00 | 1687255 Boner Jamz 03
Boner Jamz 03's picture

Let me ask you a question. How do you think a GI Bill is valued? If you go to Desert Storm and shoot at a couple shadows, then get your college paid for, is it worth the same amount if you go to Iraq twice and Afghanistan once? I personally would say no. I'm glad you made good choices, and I definitely don't mean to insult your service because it could easily have become what mine did but I do think that my generation of military paid much more than yours did. Now if you were Vietnam I'll shut the fuck up right now.

Tue, 09/20/2011 - 00:01 | 1687506 Bastiat
Bastiat's picture

How do you think a GI Bill is valued?

 When I got out it was just a fixed value regardless of the nature of your service--don't know how they do it now.  I was in the Navy; it was during Vietnam but I was not in combat.  On the other hand when I debriefed on the way out they told me my outfit had the highest post-separation suicide rate in the Navy; so, you know, combat is not the only kind of stress.  The key about the GI Bill now is that it is an incentive to get people to volunteer -- you can't limit it to a certain kind of service because it wouldn't be a very compelling incentive with that unknown element.  After all, once your in they can do what they want with you.

Right after I took the oath, with about 30 others, the doors banged open and 4 Marines came in: officer and 2 gunnys and a corporal.  "This is your lucky day! Four of you ladies are gonna be US Marines: you, you, you and you."  Nobody told me the Marines could draft out of the Navy.  It took two of them to get one of the "lucky" ones out the door: he was crying like baby and his legs wouldn't hold him up.  1968 . . . Marines were dying like flies they couldn't enlist enough to replace the losses.  Likely two of those 4 never came back.

Tue, 09/20/2011 - 00:22 | 1687589 Boner Jamz 03
Boner Jamz 03's picture

Man I get that shit, I'm sorry to be a dick. I just get frustrated.

Tue, 09/20/2011 - 16:34 | 1690047 Bastiat
Bastiat's picture

NP, and best of luck to you in all this.  We'll all need it. 

Mon, 09/19/2011 - 20:50 | 1686909 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Boner dude, we Gen-Xers have had a rougher road to this point than the Gen-Yers. I was unemployed after earning my engineering Ph D a few years back. The author is expressing the future for Gen-yers and all young people for a while. The sooner they wake up, the quicker they can reclaim their society from the banksters.

Mon, 09/19/2011 - 22:53 | 1687241 Boner Jamz 03
Boner Jamz 03's picture

See it's not the bankers we need to change. It's the people being fucked by the bankers who need to be changed. The fact that there are people willing to accept massive debt in exchange for relatively little money fucks people who need a small amount of credit. It's not a hard concept to grasp. Stop being willing to pay so much for money. Boomers and Gen-X'ers are willing to pay a tremendous amount for money; this is because they are tremendously vain and shitty. I'd rather not buy into the prices they've set but I'm given little choice. Don't blame us for what you guys have done. This is your chance to be a fucking man instead of passing the buck once again. Why don't you take your own haircut instead of passing it on? Force your seniors to do the same. Fucking get on board in practice not just your internet posts.

Tue, 09/20/2011 - 00:56 | 1687648 FreedomGuy
FreedomGuy's picture

Let me suggest this is not a thing you pin on a particular generation but on an ideology. The WW2 generation started the ponzi scheme known as Social Security followed by the stupid healthcare rules we have, followed by the Great Society. Baby Boomers were in grade school as these things started. By the late 60's Soc Sec trust fund was raided to hide the true deficits. In 71 as the oldest of the boomers could vote we ditched the gold standard.  Fast forward to today and these are all the things breaking the piggy bank.

The common thread is modern liberalism-statism-collectivism-socialism supported by keynesian economic theory. These ideologies say the freedom is the problem and therefore you need more regs, more rules, more government, more social justice, more free stuff, etc. The deficits that are being rolled from generation to generation are the differences in the actual cost of these things compared to what we are willing to pay. Your enemy...the one who has put a cloud on your future is not a particular generation. It is an ideology that keeps getting passed on. Barry Goldwater, William F. Bucklye, Friedrick Hayek and others from WW2 generation fought these ideas while others went hard left, like FDR. Boomers have their libertarians and commies, so does gen x, y, z , neutral and all the other BS artificial designations. Libertarians, true conservatives and others did not create, propogate and rescusitate any of the things that are going to break the piggy bank and nation. It is an ideology favored by those in power because it establishes, supports and even grows power. Power is a bigger aphrodesiac than sex.

Too many believe the BS that comes from these ideologies. These ideas never work, can't work and even with our geniuses won't work in the future. Meanwhile, their failure gets tallied in the national debt and future unfunded liabilities into the 100+ trillion dollar mark. It is unsustainable. There is no way out. The junior generations will be forced to default. You need to hang the right people who created it and its not a particular generation. The "strong" man will appear in the crisis and promise a way out and the weak minded will follow him/her. They will be wrong and sell us into some sort of bondage a.k.a. Hitler, Mussoline, Castro, etc. There will be another ideology articulated by the likes of R. Paul. This path will work but makes fewer promises to tickle the ear.

I like this article because it is the correct view of the future. However the source and solutions to the problems created are lacking. This has been in the making for a century. The end game is approaching. Get ready.

Tue, 09/20/2011 - 05:46 | 1687924 clymer
clymer's picture

Well, truth be told, the boomers might have done a little more to safeguard freedom. After all, this dude claimed that NAFTA would create jobs. ("this is a good deal larry..")

What's not to believe? He invented the fucking internet

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