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Guest Post: What’s A Young Person Supposed To Do?

Tyler Durden's picture


Submitted by Simon Black of Sovereign Man

What’s A Young Person Supposed To Do?

I can’t begin to describe how excited I am to be visiting Tokyo while the Japanese yen is at its all-time, historic high. My timing couldn’t possibly be worse.

For reasons that are completely incomprehensible, the yen is still viewed as a stable ‘safe haven’ currency despite four completely hopeless black marks:

1) Japan’s public debt puts other bankrupt nations to shame. As a percentage of GDP (225%), Japan’s debt is more than twice as bad as the United States.

2) The political situation in Japan is anything BUT stable. Japan has blown through 6 prime ministers and 9 finance ministers since 2006. And every one of them was a failure.

3) Social demographics are a ticking time bomb. Both life expectancy AND average age in Japan are higher than just about anywhere else on the planet… and the country has neither the work force nor the financial resources to support the massive waves of retirees that are coming.

4) Oh yeah, Japan’s economy hasn’t actually grown in two decades. No biggie.

Despite these obvious headwinds, though, the market is telling us that Japan is the safe place to be right now. And as a result, prices here are just plain stupid.

I’ll have more to report on this next week, plus a boots on the ground perspective of what’s going on in Fukishima. Hopefully I won’t grow a sixth finger.

And without further ado, let’s move on to this week’s questions.

First, Elle asks, “Simon, I am a female senior in high school and am trying to figure out what to do next year. Since the future of America is unstable, what would you do if you were in my shoes?

Young people in bankrupt western nations do not have a particularly bright future. To put it bluntly, society is going to force-feed you a shit sandwich. Higher taxes, more debt, fewer prospects, and a much lower standard of living await you. That’s if you stick around.

You probably won’t be surprised to hear me say this, but I think that young people ought to consider getting out of dodge. The world is a big place and it’s full of opportunities. Following the old way of ‘study hard, go to a good school, get a great job, and work your way up the ladder’ is completely dead.

Success today, whether it’s in a job or owning a business, is all about creating value– what can you do that’s so valuable to someone else that they’re actually willing to pay you for it?

When you’re in a developed country surrounded by hundreds of millions of people who share similar skills, it can be a bit competitive to do this. But if you take off for a developing country, you might be the only person in town who can do a number of things that might seem like second nature to you.

The great thing about being young is that you have nothing to lose and everything to gain. It’s the only time in your life that you won’t be saddled with other responsibilities.

As for WHERE to go? Part of it is a lifestyle choice… where do you want to be? But most of all, look where the growth is. Asia, Africa, Latin America. You’ll find a happy medium that strikes a balance between growth opportunities and your personal desires.

I wrote about Mongolia last week, there are fortunes to be made there. If you’re a real wild man, try South Sudan… they’ve been a country for all of three months. If you want a steady job and work experience, try China or Singapore.

Most of all, just expand your horizons and start to consider possibilities all over the world. Ignore your friends and family, they’ll just try to talk you out of it. And then, in a few years’ time when you’re wildly successful, they’ll pretend like they supported you all along.

Next, Raoul asks, “Simon, what do you think of these stability plans in Europe? It seems like things are starting to calm down a little bit.

Such is the sorry state of the global financial system… the market rallies when it is decided that Greece will default on ‘only’ 50% of its obligations.

Unfortunately, this doesn’t really fix anything.

Greece is still losing money hand over fist like a drunken playboy at the craps table. Even if the government didn’t have to pay a cent in interest, the budget is still down billions of euros, month in, month out.

As we discussed yesterday, this is nothing new. Greece has been in this position five other times in the past two centuries. This tactic is called ‘selective default’, and it doesn’t work in the long-term because the structural problems still remain. Eventually, they’ll bring out the economic torture devices.

Stefan Homburg, one of Germany’s few contrarian economists, recently summed this up to the German paper Sueddeutsche:

“History shows that [bankrupt governments] take radical measures such as expropriation of private assets, wealth taxes, or banning gold ownership… and in a state of emergency, basic rights are suspended.”

This quote succinctly articulates why international diversification is so important.

Next, Dr. Lynch asks, “Simon, I have Italian grandparents.  Do I have a chance to obtain a passport? If so, do you have a contact recommendation like you had for the fellow seeking a Polish passport?”

Citizenship by ancestry is the best, fastest, and cheapest way to obtain another passport. Italy is one of the countries that allows this, and if you have Italian ancestors, I’d suggest getting started here.


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Fri, 10/28/2011 - 12:57 | 1821351 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I hope Mr Black is wearing a lead suit.

Fri, 10/28/2011 - 13:06 | 1821404 Deadpool
Deadpool's picture

his x-ray vision doesn't work thru lead.

Fri, 10/28/2011 - 13:24 | 1821483 trav7777
trav7777's picture

Young people should band together and bloc vote to act totally in their self-interest, just like all the other groups do.

That means work for the repeal of SS, Medicare, and all other generational transfer payments and work to enact legislation reversing the transfer and institution of age taxes.

Instead, the doe eyed libtards sell themselves into bondage by buying ALL of the bullshit the richer, older generations feed them.

Fri, 10/28/2011 - 13:39 | 1821555 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Agreed.  Young liberals are the worst, but liberals in general are sychophants of the New World Order to the highest degree; masochistic and ignorant of real life, these liberals live in Unicorn Country.  The cognitive dissonance inbetween their ears must be deafening.

The Harrimans must be chuckling from their graves.

Fri, 10/28/2011 - 23:51 | 1823660 AldousHuxley
AldousHuxley's picture

Yes, it is all young people's fault. they are so ignorant that they actually want to make the world a little bit better than they got it. Yes it is all young people's fault that even with MIT phD in math and science you can't get a job whereas dumbass police chiefs retire with $300k /year pensions for life.

It is all young auto worker union's fault that they get $15/hour while older union worker gets $38/hour + pension.


It is all young college kids' fault that they spent time educating themselves instead of flipping homes or MBS on wall st. like older realists.


It is all young worker's fault that their jobs are outsourced to India and China because older workers wanted 1% more profit in their 401k.


Young people got the majority of banking bailouts around the world.


Young people are so lazy that they can't find a job when old folks used to pay for college flipping burgers.


A country without youth is a country without a future.

Sat, 10/29/2011 - 01:10 | 1823776 buyingsterling
buyingsterling's picture

someone junked you.

The world is drowning in debt and obligation, and the root of most of it is the idea that we are our brother's keeper. Except for a few rare cases, our brothers and sisters can take care of themselves if control freaks will leave them be. The notion that we must care for others at gunpoint ends with us being our brothers' slaves. Charity is good for the giver and the receiver, two souls benefit, but entitlement corrodes everything it touches. Liberalism = human denigration and enslavement. 99% of national dems are liberals, probably 80% of national republicans are liberals. That's why the left/right paradigm works - no matter what goes in, out comes more liberalism (denigration and enslavement). A liberal also gave us the Fed and the income tax. If you haven't yet figured out that whatever future this country has, liberalism will not be a part of it on a national level, you're an idiot. Liberalism only persists today because its ridiculous promises haven't yet been completely shattered. That's next. If we want to survive long-term, we'll make advocacy of transfer payments of any kind to any specific person or group illegal - proof of a conspiracy to defraud and steal.

Fri, 10/28/2011 - 13:54 | 1821644 AGuy
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"That means work for the repeal of SS, Medicare, and all other generational transfer payments and work to enact legislation reversing the transfer and institution of age taxes."

That wouldn't help and probably make matters worse. If entitlements disapeared, Boomer near retirement would keep on working, locking out younger workers. Boomers and pre-boomers would save money for retirement causing economic contraction causing much higher unemployment.

"Young people should band together and bloc vote to act totally in their self-interest"

That would be what free online gaming and free internet service so they can spend 7/24 on facebook?


Fri, 10/28/2011 - 14:00 | 1821673 Mr Lennon Hendrix
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Young workers will take less pay.  People saving money in dollars is an oxymoron, inflation will take yet another bite out of Boomers wealth.

Facebook's highest clientel are Boomers, mostly unemployed.  It is the 35-60 age group that uses facebook the most.  Homemakers and the unemployed of this group spend hours a day on Farmville and other games.

Before you post here you should do some research to back up your opinions.

Fri, 10/28/2011 - 15:02 | 1822073 Pool Shark
Fri, 10/28/2011 - 19:07 | 1823075 AGuy
AGuy's picture

Young workers take less pay because they are less productive. They come in late, leave early and spend half the day talking about reality TV and gaming.

FaceBook is largely used by under people under30. About 60% of FaceBook users are under the age of 30. MAYBE YOU SHOULD DO SOME RESEARCH FIRST!
See Slide 16 and beyond.
Take notice at which age group has the highest unemployment and which has the lowest, and please explain to me how I am wrong.

Fri, 10/28/2011 - 23:57 | 1823672 AldousHuxley
AldousHuxley's picture

It is the dumb old money that is pouring billions into facebook encouraging the young to build stupid shitty websites.


old folks have the power and they are abusing it and directing resources at retarded projects. Young are mostly worker bees.



Sooner or later young will get older and remember how boomers screwed up the entire world and blamed them.

Sat, 11/05/2011 - 01:42 | 1847934 shansnv
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I thought it was going to be some boring old post, but it really compensated for my time. I will post a link to this page on my blog. I am sure my visitors will find that very useful.

Cosmetic Alliance

Fri, 10/28/2011 - 19:27 | 1823119 trav7777
trav7777's picture

then pass a mandatory retirement age law...duh.  Mob rule is easy

Fri, 10/28/2011 - 19:50 | 1823183 Eally Ucked
Eally Ucked's picture

What a fucken bitter moron!

Fri, 10/28/2011 - 23:58 | 1823673 AldousHuxley
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make every law maker beholden to their age group they represent.

will end kicking the can down the road when there is no road.

Fri, 10/28/2011 - 16:50 | 1822561 LawsofPhysics
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I agree Trav, but if history is any teacher, the young folks are going to bent sent into another major conflict first or pitted against one another.  Most of the 20 somethings I know have ADD and can't stay focused enough to see they are being played against one another.  This behavior is ony more ingrained as people age and I look at the older 50-70 folks, many of who now seem quite content to say fine, fuck it, burn it all down.  No, I think a more universal approach is required with sacrafice from all side.  Everyone is simply going to have to stop participating in the bankers/NWO game, period.

Fri, 10/28/2011 - 20:05 | 1823209 amusedobserver
amusedobserver's picture

How about an approach that requires more intelligence from all sides?  I'm getting sick of all you geniuses who say the Japanese economy hasn't grown in two or three decades.  Nobody seems to notice that the Yen has appreciated by a factor of 3 or 4 in the past 30 years.  When I visited Japan in 1983 the exchange rate was 250 to the dollar.  Now it's 75.  If I had kept those yen in my pocket I could get 3.5 times as many dollars now than I traded for them back then.  This is the same situation as if the exchange rate had stayed the same but the Japanese now made 3.5 times as much yen as before (and the economy being 3.5 times "bigger").  If the average American made $140,000 instead of $40,000, wouldn't our economy be "bigger"?  Wouldn't we be able to buy more stuff?  

If you had bought a 30-year JGB paying what, 3%, 30 years ago, you would be trading in your yen interest payment for dollars at an effective yield of 11.5%, and then cashing in your bond for 3.5 times as many dollars as you bought it for.  What is it you guys don't get?

I don't know what Japanese tax policy is, but maybe the average Japanese worker isn't getting shoved into higher tax brackets each year based on phony inflation "gains".  So they can buy more stuff each year using progressively fewer yen.  And you say the economy hasn't gotten any "bigger"?

Get a clue.

Sat, 10/29/2011 - 00:01 | 1823679 AldousHuxley
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Unlike divided America, Japan is a country of one culture, one race which takes care of their own.


Americans are quick to sell out for extra $ since they have no culture, no racial/national unity. Diversity has weaknesses too.

Fri, 10/28/2011 - 21:58 | 1823408 Seer
Seer's picture

It really IS amazing, isn't it, how the liberals shore up the oligarchs...

Meanwhile the "conservatives" shove militarism down everyone's throats.  Good for more back-breaking debt... (and serving the oligarchy).

Fri, 10/28/2011 - 15:06 | 1822103 Beastmanager
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AMEN TO THIS: "Young people in bankrupt western nations do not have a particularly bright future. To put it bluntly, society is going to force-feed you a shit sandwich. Higher taxes, more debt, fewer prospects, and a much lower standard of living await you. That’s if you stick around."

Fri, 10/28/2011 - 12:57 | 1821354 kaiserhoff
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5) The whole place glows in the dark.  Who needs Yucca mountain?

Fri, 10/28/2011 - 12:58 | 1821361 FranSix
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Hugh Hendry might be encouraged this morning at the rise in Japanese bond rates along the whole yield curve.

Fri, 10/28/2011 - 12:58 | 1821363 GeneMarchbanks
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'What’s A Young Person Supposed To Do?'

Just in case young people are reading: DO NOT take Simon Black too seriously.

Fri, 10/28/2011 - 13:05 | 1821402 topcallingtroll
topcallingtroll's picture

Now I have to disagree.

I think there is more opportunity in america than many seem to believe.

However a young person with ambition and a small amount of capital has a better shot at a successful business overseas.

Fri, 10/28/2011 - 13:12 | 1821430 GeneMarchbanks
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'However a young person with ambition and a small amount of capital has a better shot at a successful business overseas.'

Where? Japan? China? Eurozone? Europe(non EU area)?

You're talking nonsense.

Fri, 10/28/2011 - 13:34 | 1821531 Fukushima Sam
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In Japan all you need is a power washer and a white suit to get into the radiation decontamination business!  Of course, you may have to worry about a heart attack as the cesium works its way into your muscles where it will decay for the next hundred years or so...

Fri, 10/28/2011 - 18:26 | 1822955 BigJim
BigJim's picture

That's cuz Merika is the GRATEST cuntry in the werld!

Alwayz haz been, alwayz will bee.

Fri, 10/28/2011 - 13:30 | 1821504 trav7777
trav7777's picture

not even close.  The barriers to entry for gringos and commoners can be steep in a lot of places.

Most of the places Black cheerleads have websites with horror stories of dudes who married local bitches and came home one day to find themselves kicked out and the bank accounts drained and all personal property expropriated and a police force that said STFU gringo go home.

Black is an IDIOT to think that actually living in these places, as opposed to visiting, and in good times no less, is as easy and simple for a gringo as it is for a local.  When things turn south, you have NO rights there; they will SHAMELESSLY discriminate.

The only societies where you can expect a fair shake are WHITE.

Fri, 10/28/2011 - 14:08 | 1821718 Kiwi Pete
Kiwi Pete's picture

Too true Trav. In Thailand for example you need to go outside the country for a new visa every 6 months even if you're married to a local girl. I heard of one case where this guys wife tried to stab him because she thought he was abandoning her when he went on his visa run. Beware local customs too! Gringos can't own land either so just rent that bar on the beach. Of course if it's too successful you'll lose the lease but at least you've still got your capital.

Fri, 10/28/2011 - 14:10 | 1821740 TheMerryPrankster
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Nonsense, the white man has shown himself to be an equal opportunity destroyer, willing to slay or enslave regardless of color, creed or gender.

The only place you are ever truly safe is in your mother's arms, but she starts to complain about the weight once you reach your late teens.

On a long enough timeline we're all worm food.

Fri, 10/28/2011 - 18:05 | 1822889 Dingleberry
Dingleberry's picture

"White" men of (usually) a very specific ehtnic/religious background have shown thru the centuries a repeated proclivity for finanical manipulations in their adopted "host" country.  Funny how I just read a story in Forbes about the 10 best cities to live in, and they were ALL in anglo-saxon countries. The only people foolish enough to believe it's better to live in most of the 3rd world haven't been there, or just visited. NEWS FLASH: visiting is not anywhere near the same as living there.  I've done both. I know.

Fri, 10/28/2011 - 19:30 | 1823129 trav7777
trav7777's picture

stupid fuck, stop talking about ancient history when we're discussing NOW.

The ONLY SOCIETIES you will get a fair shake in are white.  That does not imply that you will get a fair shake in ALL white societies.  The only place you can expect to be treated fairly would be scandinavia.

And no, white men do not slay anywhere near the rate that blacks do

Fri, 10/28/2011 - 14:14 | 1821766 defencev
defencev's picture

Black is an IDIOT...

Cannot agree more. What else can you say about someone recommending to keep your savings in Mongolian tugriks or buying rice farm in Cambodia (hint: it is impossible).

Fri, 10/28/2011 - 22:07 | 1823427 Seer
Seer's picture

"The only societies where you can expect a fair shake are WHITE."

I both agree AND disagree.

FAIR depends on your point of view.  Given the raping and pillaging done in those "non-white" countries by "white" countries (esp. U.S.), then revenge would seem anything BUT unfair.  Blow-back is a bitch.

I agree that it WON'T be what it is today.  People ought not count on salvation among those who have been raped and plundered by the "whites."  I'd also add that fleeing to Canada might also not be wise (it's not as easy to go there as some would have you believe): White Canadians are likely going to go ballistic (it's brewing big time), and as much as their government wants to go lockstep with the U.S., the people aren't so willing (they have this inferiority complex that's really odd, and I'm thinking that they'll be happy to stomp on some U.S. leftovers).

Sat, 10/29/2011 - 05:05 | 1823924 Tompooz
Tompooz's picture

"The only societies where you can expect a fair shake are WHITE."

Well, a country like the Philippines still has this post-colonial cringe for "Amerikano's", a term used for all Causasians.

The women are definitely partial to Amerikano's. It is true that you have to own your land in your wife's name, but that just means that you find your lady in any place other than a bar or a strip-club. The horror stories are all from idiots who did not use common sense.

Non-white countries can be quite hospitable, as long as you take pains to learn the culture and not offend people in power.

If you want to do business, try to band together with other expats--seek strength in numbers. There are lots of opportunities and the economies are growing. 

Fri, 10/28/2011 - 12:58 | 1821365 LawsofPhysics
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The Japanese are disciplined, they follow their master's orders without question.  Hence, bankers and inflation are allowed to roam freely and without worry of destruction.

Fri, 10/28/2011 - 13:07 | 1821409 redpill
redpill's picture

In the history of humankind, there has never been a culture better at pretending that nothing is wrong than the Japanese.

Fri, 10/28/2011 - 13:24 | 1821479 Oh regional Indian
Oh regional Indian's picture

Captured the problem in one succint sentence. Well said.

Such a shame too. Old Japan was something else.


Fri, 10/28/2011 - 13:28 | 1821497 GeneMarchbanks
GeneMarchbanks's picture


You hit the right word "shame".

Shame is powerful. Japanese have cultural problem with it. Europeans to an extent and Americans noticeably less.

Fri, 10/28/2011 - 13:33 | 1821522 trav7777
trav7777's picture

The japs lost and they've been browbeaten since.

As for Europe, it's the yoke of the defintion of "racism."

Europeans and whites in general have nothing to be ashamed of, even IF there were such a thing as collective sin.  Yet tons feel "guilty" for slavery and other shit they had nothing whatsoever to do with.  Blacks don't have an OUNCE of guilt over the tens of thousands of violent crimes that other blacks commit yearly- ask one of them or better try to blame them in terms of "collective sin" and see how the conversation goes.  They will straight-facedly tell you that as a white person, you DO bear guilt for any sin committed at any time by someone who superficially resembles you.

Fri, 10/28/2011 - 17:11 | 1822658 saiybat
saiybat's picture

"Yet tons feel "guilty" for slavery and other shit they had nothing whatsoever to do with.  Blacks don't have an OUNCE of guilt over the tens of thousands of violent crimes that other blacks commit yearly- ask one of them or better try to blame them in terms of "collective sin" and see how the conversation goes.  They will straight-facedly tell you that as a white person, you DO bear guilt for any sin committed at any time by someone who superficially resembles you."

You're brainwashed. Shut off the television. People are reasonable and your melodramatic rants about how unfair it is to be white are pathetic. Not every black person is Jesse Jackson and you seem to be living in made for tv fantasy. I've never met a white person with white guilt but the television would have me think otherwise. Where do you get this information from? What demagogue is leading you by the nose?

Fri, 10/28/2011 - 19:32 | 1823134 trav7777
trav7777's picture

I don't watch TV, retard

Fri, 10/28/2011 - 19:39 | 1823155 saiybat
saiybat's picture

You didn't answer my question so I'll ask again. What gives you the perspective that whites are ridden with guilt for slavery and that blacks are demanding whites to apologize for slavery? Surely this is not based on reality.

Fri, 10/28/2011 - 22:46 | 1823452 Seer
Seer's picture

Quit fucking with him and allow him his freedom to be a racist.  ZH wouldn't be complete without one! (the guy would be fairly reasonable if not for this nasty side, but as you're finding out, he's not talking about how his mind forms these views- early childhood issue I'm thinking)

But back to reality... to pretend that raping and pillaging and then calling truce without a concrete resolution (40 acres and a mule, on paper...) is FAIR, that the story is closed, well...  Go ahead, give ME 150 years-worth of head-start over you and your relatives and after 150 years I'll tell you that we're even.  Did you people NOT get it that the GAME is CAPITALISM?  150 years of amassing "capital," which, if you don't believe it to be then you're stupid or a lying sack of shit, IS POWER.

Everyone running around with minds that only think in two dimensions, it should be no wonder why things are so fucked up.

Fri, 10/28/2011 - 14:13 | 1821764 TheMerryPrankster
TheMerryPrankster's picture

Does the Federal Reserve qualify as a culture? They've got a fantastic track record of being blind deaf and dumb.

Fri, 10/28/2011 - 16:40 | 1822537 eurogold
eurogold's picture

You are so right. Heard anything about Fukushima lately? No? Maybe in a few years down the road, when an alarming increase in cancer cases around the world come to light, we will realize no one will be able to put 2 and 2 together.

Fri, 10/28/2011 - 16:49 | 1822564 eurogold
eurogold's picture

You are so right. Heard anything about Fukushima lately? No? Maybe in a few years down the road, when an alarming increase in cancer cases around the world come to light, we will realize no one will be able to put 2 and 2 together.

Fri, 10/28/2011 - 21:04 | 1823292 Barry Zuckerkorn
Barry Zuckerkorn's picture

"In the history of humankind, there has never been a culture better at pretending that nothing is wrong than the Japanese."

Nah B. Concentration camps.

Fri, 10/28/2011 - 12:59 | 1821370 kaiserhoff
kaiserhoff's picture

First, Elle asks, “Simon, I am a female senior in high school and am trying to figure out what to do next year. Since the future of America is unstable, what would you do if you were in my shoes?

   Why don't we get drunk, and screw?

                         The good Buffet

Fri, 10/28/2011 - 13:15 | 1821445 geneb
geneb's picture

I'm also a fan of his brother Noon.

Fri, 10/28/2011 - 14:18 | 1821797 defencev
defencev's picture

First, Elle asks, “Simon, I am a female senior in high school and am trying to figure out

Notice that Black's answer includes the assumption: if you are young wild man...

I guess his recommendation to Elle implicitly implies sex change surgery...

Fri, 10/28/2011 - 15:20 | 1822172 Silver Bully
Silver Bully's picture

Buffet it is. Burlesconi says she's too old for his tastes.

Fri, 10/28/2011 - 13:01 | 1821378 gwar5
gwar5's picture

Best thing a young person can do is STFU and listen to old people.  They've seen it all and are fearless because they don't give a shit anymore.


Fri, 10/28/2011 - 13:08 | 1821412 topcallingtroll
topcallingtroll's picture

Old people, just like old generals, are always fighting the last war.

Poor dad" is the philosophy of many old people. Not worth listening to.

Fri, 10/28/2011 - 13:37 | 1821547 gwar5
gwar5's picture

So now you know what not to do, so your time was not wasted. And sometimes the new wars are the same wars that were never finished. 1913 still lingers so maybe your father is smarter than you think.

You can't diversify your gene pool so move on already and diversify the people you talk to.  But as your sperm donor at least thank him for his service!

Fri, 10/28/2011 - 18:26 | 1822951 Citxmech
Citxmech's picture

One of the only reasons why I'm doing so well right now is because I listened to my grandparents growing up.  They lived through the depression and WWII and those stories took hold.  It helped me have a framework to understand what was coming and to act accordingly.  Their children had (and unfortunatley continue to have) their heads completely up their asses.  If I listened to anyone in my parent's generation I would be completely fucked right now.

Fri, 10/28/2011 - 13:34 | 1821532 trav7777
trav7777's picture

the old people tell them to keep paying that SS and Medicare

Fri, 10/28/2011 - 13:46 | 1821603 gwar5
gwar5's picture

There are lots of old people wearing white shoes in front porch rockers whose full time job is to bitch about the goverment.  They're right, and all along we just thought they were getting senile.


Fri, 10/28/2011 - 14:05 | 1821702 Mr Lennon Hendrix
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Yet they are reliant on SS and fixed income from the fiat ponzi. 

Fri, 10/28/2011 - 14:20 | 1821806 TheMerryPrankster
TheMerryPrankster's picture

Because you are a prisoner of the system does not mean you are happy with the system, even if they require you to smile while starving you on a stipend. Do not confuse people who use a corrupt system with the corrupt system.

I am sure we would all be better off putting old people in pits and starving them to death, damn that civilization.

First you must lose your fascination with paradoxes within the system, otherwise you cannot see the whole system, but will instead remain focused on the paradox your mind cannot resolve.

Fri, 10/28/2011 - 14:53 | 1822022 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

 Oh right, we are all slaves to the system.  My apologies. 

Your rhetoric is tiresome.  We could start over, and better ourselves for it.  We are not reliant on the system, the system is reliant on us.  We can bankrupt the Corporations, get our wealth back, and support ourselves better than the corporations support us now.

I never said anything about death.  Old people will do just fine without the system.  Don't put words in my mouth.

Sat, 10/29/2011 - 00:18 | 1823702 Seer
Seer's picture

"We are not reliant on the system, the system is reliant on us."

Truth is really That simple!

Fri, 10/28/2011 - 14:41 | 1821946 El_Presidente
El_Presidente's picture

I was taught that war is old men talking and young men dying. Makes sense to me. Another belief I hold is that one cause of the negative things we face would be that , too often young people do what the "olds" (no disrespect intended) say with no questions. Maybe the time is now to change that. I can understand where experience comes in and why it is valuable but sometimes you dont have to be advanced in years to come up with good ideas on your own.

Fri, 10/28/2011 - 15:52 | 1822332 Schmuck Raker
Schmuck Raker's picture


Yaw, oldsters got us here, they'll fix it OK.

Fri, 10/28/2011 - 13:01 | 1821379 gwar5
gwar5's picture

Best thing a young person can do is STFU and listen to old people.  They've seen it all and are fearless because they don't give a shit anymore.


Fri, 10/28/2011 - 13:19 | 1821454 augie
augie's picture

have a nice day. 

Fri, 10/28/2011 - 13:27 | 1821495 MsCreant
MsCreant's picture

I saw what you wrote before, you had the right to say it.

Fri, 10/28/2011 - 13:27 | 1821491 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Where are the old people condoning the War in Libya?  Children dying, women being raped by the NATO supported "rebels", decimated infrastrucure. 

I agree, the old people don't give a shit anymore.  They just want their fixed income, peas, and deerfoam slippers.

Fri, 10/28/2011 - 13:39 | 1821561 Fukushima Sam
Fukushima Sam's picture

Today's "old people" are Boomers.  They are the ones that really embraced this mess in the 70s and put the pedal to the metal, knowing they would be dead about the time the cliff appeared on the horizon.

Fri, 10/28/2011 - 13:55 | 1821646 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

That's right, they are the boomers.  So where are they?  They are unemployed, they lost all the wealth they had accumulated, and now they stand frozen in time, their ideals lost in the void of their minds. 

It isn't even that nothing has changed since the Summer of Love, things have gotten much, much worse.  So the rivers in America aren't on fire, they are in South America.  So racism is not tolerated as much here (key words as much), racism is causing the NATO supported "rebels" to lynch black Africans left and right.  So America doesn't have a draft, the fact that it doesn't forces poor boys into the Militray Industrial Complex.

Things have gotten worse, so where are the Boomers?

Fri, 10/28/2011 - 14:28 | 1821860 TheMerryPrankster
TheMerryPrankster's picture

where are the boomers? They are being raped by the system that they were told to embrace rather than reject and rebel against.

They are the ones with underwater mortgages, driving humvees and bitching about gas prices, some are still paying for granite counter tops that haven't see a home cooked meal in a decade, some are living in cars and some are living under bridges wishing they had a car to sleep in.

the boomers are the biggest group of people in history, in a diverse group of people who only share birthdays, they are going to be a wide range of responses to conditions based on socio-economic class, assets and health along with the amount of apathy they have accumulated from years of nonstop tv watching.

Boomers? I wouldn't pin any hopes on them, though feel free to blame them for all sins, they will soon enough be gone from this world.

Fri, 10/28/2011 - 14:55 | 1822047 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

So the Boomers are all defeatists?  I thought they had some fight in them.  I guess that is what I get for hoping.

Fri, 10/28/2011 - 23:35 | 1823627 AldousHuxley
AldousHuxley's picture

they are holding on to 401k worth 201k and depreciating ugly ass homes middle of nowhere with meaningless jobs for dear life because they have known inflationary policies all their adult lives scein 1980.


or in short....



They should look at Japan's old folks since 1990s in what happens when the youth do not revolt against banking bailouts.

Covering their ass to screw your children is what they are doing.

Fri, 10/28/2011 - 14:20 | 1821814 gwar5
gwar5's picture

Race warfare. Class warfare. Generational warfare.... divide and conquer. Perfekt trifecta for failure against TPTB. 


End the Fed. Break up the TBTF. Gold standard, sound money.

Many of the old people still remember turning in their gold and getting ripped off by the banks. Many of the bank robbers of the 1930s were folk heroes to the masses of the day. 

Fri, 10/28/2011 - 15:05 | 1822097 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

 We can use the problem/reaction/solution to our advantage.  I think we agree.  So listen to each other, and make change happen.  Copy.

Fri, 10/28/2011 - 23:41 | 1823635 AldousHuxley
AldousHuxley's picture

There really has only been one warfare throughout history.

Haves vs have nots.


whether that depends on skin color, gender, wealth, power, religious popularity, etc.....depends on -isms society values.


In capitalism, society is primarily divided on money.

in America, they claim EQUAL OPPORTUNITY on everything EXCEPT money....inheritance to be exact.

Equal Opportunity Act prohibits discrimination on the basis of race, color, religion, creed, sex, national origin, ethnicity, age, disability or medial condition, Acquired Immune Deficiency (AIDS/HIV) or AIDS related conditions, political affiliation, sexual orientation, ancestry, marital or domestic partner status, gender identity, parental status, veteran status, height, weight,

No mention of $$$$$$$$$$$$$$$$$$$$$$$$$$ as making opportunities unqual.

Fri, 10/28/2011 - 14:06 | 1821706 gwar5
gwar5's picture

Ron Paul is old and he spoke out against Libya and was ignored. So how do you really expect to hear any of the rest of their voices, or yourself for that matter, over the MSM censorship?

Old people paid their taxes, built the country, and were protesting the bank bailouts on arthritic knees while being called names by the MSM and people like you. I saw them with walkers and most of them will be eating dog food in their remaining years. They don't owe you shit.

It's your turn to grow up and get out there. Show them how it's done?

Fri, 10/28/2011 - 15:02 | 1822078 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You said young people should listen to old people.  That is fine, but then we all need to act.

Old people support Ron Paul?  I thought his demographic was younger folks. 

NOBODY supported the bailouts, except mind numbed liberals, which is why people should be out on the streets, if it is to Occupy or just voice their opinions.

And you don't know what I do, don't act like you do.

Fri, 10/28/2011 - 23:44 | 1823641 AldousHuxley
AldousHuxley's picture

yeah....dumbass fiscal liberals like George Bush with TARP.


In fact all incumbent republicans except few like Ron Paul are all FISCAL LIBERALS!!!! That's why they can't cut anything out of the budget becuase their crony friends depends on government subsidies....especially conservative backward states living on government, military, or welfare giveaways.


Sat, 10/29/2011 - 15:24 | 1824652 ParisianThinker
ParisianThinker's picture

That's right. Your parents don't owe you shit. They worked to support you, and now you are the ones who feel "entitled" to take everything from them while you have done nothing. They paid their taxes, while you suck from your moma's tits and only want "more".

Get a life, and right here in the USA. Find something to do that will pay exceedingly well like I have. Instead of drinking, watching tv and surfing the web, why not work and study to become something that is useful? This generation makes me ashamed to be a part of it. Always crying, wanting something for nothing, and demanding your parents give it all to you. Selfish creeps who only can think in terms of "having", never solidarity, compassion or humanity. Always blaming parents for what was planned by the elites. You are all so ignorant and stupid. Wake up, read, and Think!

As for SB, is always selling his newsletter, his food farm which don't exist, his land in Chili, passports, his contacts, etc. He got his free education from taxpayers, and now he wants you to pay more for yours. He sells under an avatar, so know one knows who the hell he is. All we know is that he is a salesman, and nothing more.  He is a joke..... a BIG JOKE.



Fri, 10/28/2011 - 13:02 | 1821382 gatorengineer
gatorengineer's picture

Only reason to visit tokyo is on a layover to Bangcock, Shahai or Hong Kong.....  Nothing to see, no pussy, and expensive......

Fri, 10/28/2011 - 13:03 | 1821390 Belarus
Belarus's picture

Hugh Hendry actually predicted earlier in the year that the Yen could see large appreciation against other currencies, especially if the debt started collasping on itsself and a scrambe for the Yen occured: sort of exactly what happened in Europe: debts started collasping, banks had to scrambe for EURO. Also what happened in the USA in 08/09.

Playing currencies is a suckers game. Holding Gold for the very long term is the only way to play it IMO. 

Fri, 10/28/2011 - 13:46 | 1821598 Debt-Penitent
Debt-Penitent's picture

The second and a half of silence was shattering when Mr. Hendry was asked if there was anything positive in the future.  "Well, let's move on then..."

Fri, 10/28/2011 - 13:04 | 1821395 Sudden Debt
Sudden Debt's picture

Yeah, the Yen is really glowing these last few months.. Makes sence

Fri, 10/28/2011 - 13:04 | 1821396 bernorange
bernorange's picture

Kyle Bass has been warning about these issues with Japan for a while now.  Somehow they keep plodding along.

Fri, 10/28/2011 - 13:04 | 1821397 PaperBear
PaperBear's picture

“massive waves of retirees that are coming.”

We are far too dependent on the state.

Fri, 10/28/2011 - 13:17 | 1821441 MsCreant
MsCreant's picture

Don't worry, I think some radio activity is baking a solution into that pie (and maybe ours via the food supply) as we speak.

Hey folks are you aware there is a pile of trash larger than Texas coming for our west coast because of the tsunami? Hawaii will get it too. If you are on the coast, it's gonna get pretty Armagaddonish over there in 2012-2013.

Fri, 10/28/2011 - 14:48 | 1821993 TheMerryPrankster
TheMerryPrankster's picture

I predict a new cargo cult as people find appliances and safes on the beach. Also lots of panic newsreports from the talking heads and stories about surfers getting tangled in debris.

Pretty much a non event unless your the one tangled in a fishing net.

Fri, 10/28/2011 - 13:07 | 1821407 vegas
vegas's picture

To the female senior in high school: get pregnant, go on welfare and food stamps, get hired by somebody then get fired so you can get 99 weeks of unemployment largesse. Then claim you are an illegal alien so you can get free college tuiton and healthcare. While you are doing that get some section 8 housing as well.

Or, you could get a job and work hard to be successful.

What a stupid-ass question to ask. Where the hell are your parents and family? Did you learn nothing in Obama's no-grades-but feelings high school?

Fri, 10/28/2011 - 18:39 | 1822992 BigJim
BigJim's picture

Her parents are urging her to take out student loans so she can attend Harvard.

Fri, 10/28/2011 - 13:07 | 1821410 MsCreant
MsCreant's picture

Each Black post, on it's own, is not too tiresome, but all of them together say the same thing, over and over. Maybe Tyler left and he is doing well so he posts this stuff to make sure folks consider an option that was successful for him. Dunno.

Fri, 10/28/2011 - 13:12 | 1821431 Deadpool
Deadpool's picture

both use fake names.

Fri, 10/28/2011 - 14:50 | 1822010 TheMerryPrankster
TheMerryPrankster's picture

So did Shakespear, so do you and I.

Fri, 10/28/2011 - 13:25 | 1821485 ViewfromUnderth...
ViewfromUndertheBridge's picture

SB pays to post his appalling BS here...there is no other explanation possible.

SB does not even read ZH..."you actually create a shortage of Yen an environment where asset prices are falling"" Hugh Hendry

Yen repatriation, Euro repatriation...currencies going home to die...


Fri, 10/28/2011 - 15:31 | 1822226 Silver Bully
Silver Bully's picture

Old currencies never die, they just fade away into toilet paper. And wallpaper. And birdcage liners. And . . .

Fri, 10/28/2011 - 13:08 | 1821414 kito
kito's picture

yes, get an italian passport, becuase italy is doing so well these days. 

Fri, 10/28/2011 - 14:18 | 1821796 Kiwi Pete
Kiwi Pete's picture

Yeah but once you get that Italian passport you can live and work anywhere in the EU so not as dumb as it sounds.

Fri, 10/28/2011 - 18:41 | 1822995 BigJim
BigJim's picture

That's true! With an Italian passport, you could go live in Italy, or Greece. Or Ireland.

Or Portugal or Spain!

Fri, 10/28/2011 - 13:12 | 1821421 williambanzai7
williambanzai7's picture

This is just plain stupid. Get your high school diploma and move to Mongolia, South Sudan or even China or Singapore.

How can you write something like this?

Fri, 10/28/2011 - 13:34 | 1821533 GeneMarchbanks
GeneMarchbanks's picture

Great question. The world is terribly disorientating when you're young and especially in times like these. Promising milk and honey by moving is disingenuous at best.

Fri, 10/28/2011 - 13:53 | 1821636 RichardENixon
RichardENixon's picture

Oh I don't know about that William. I mean, what could possibly go wrong in South Sudan?

Fri, 10/28/2011 - 14:35 | 1821908 prains
prains's picture

Simon Blond I thought you were digging wells in Chile? please return to your "work" post haste....general wankery is your forte

Fri, 10/28/2011 - 19:24 | 1823118 GeezerGeek
GeezerGeek's picture

It's easy to write something stupid. We were recently treated to something stupid written by one B. Obama. It's like saying something stupid, it just takes more time. Just look at what any of the last three presidents said (I'm showing respect for the dead, or at least brain dead, by not going any further back.) Read my lips, no new taxes. Depends what the meaning of is is. And paraphrasing, we have to use socialist measures to save capitalism. See? It's easy to be stupid.

Fri, 10/28/2011 - 13:13 | 1821423 Mercury
Mercury's picture

Citizenship by ancestry is the best, fastest, and cheapest way to obtain another passport. Italy is one of the countries that allows this, and if you have Italian ancestors, I’d suggest getting started here.

Sounds like out of the frying pan, into the fire to me but hey, the food is good....

I think Japan gets the stability bid because when TSHTF the government will tell it's citizenry what they want them to do to save Japan and they will do it.

Fri, 10/28/2011 - 13:11 | 1821424 Deadpool
Deadpool's picture

Jeezus, anyone else think giving advice to a young, female in high school to "get out of dodge" is a good idea? where is she going to go and be safe? or is he selling her on joining his Biodome in Chile for future generations of Simon Black disciples? hmmmm. Scary if high school kids are reading his bullshit drivel.

Fri, 10/28/2011 - 13:15 | 1821443 Mercury
Mercury's picture

Get your pampered ass over to South Sudan princess....The world is your oyster!

Fri, 10/28/2011 - 13:17 | 1821453 Matto
Matto's picture

fk, horrendous bs from mr black. simple advice - try and start a business from nothing while still living at home, then try again, then again.

Fri, 10/28/2011 - 13:19 | 1821457 MsCreant
MsCreant's picture

He even said it was for a "wild man" as he answers the young woman. Maybe a gender change is part of the plan?

Fri, 10/28/2011 - 14:40 | 1821930 Mercury
Fri, 10/28/2011 - 13:37 | 1821548 trav7777
trav7777's picture

nice white girl in Sudan...among a giant mass of people instinctually looking for more advanced genetics for their offspring...should work out "smashingly"

Fri, 10/28/2011 - 13:55 | 1821647 RichardENixon
RichardENixon's picture

Especially since most of the men are running around with The Aids.

Fri, 10/28/2011 - 14:55 | 1822042 TheMerryPrankster
TheMerryPrankster's picture

Wasn't your middle name Milhous?

Fri, 10/28/2011 - 15:36 | 1822258 Silver Bully
Silver Bully's picture

No one ever said tricky dick was the sharpest tool in the shed.

Fri, 10/28/2011 - 18:46 | 1823007 BigJim
BigJim's picture

You think white genes will help you survive in Sudan better? Why?

The Sudanese (and other Africans) were all still evolving while their African expatriate cousins were evolving into Caucasians in Europe.

Fri, 10/28/2011 - 19:38 | 1823153 trav7777
trav7777's picture

Are you really that freakin stupid?

White people's solution to selective pressures in Africa was refrigeration, electric power, and modern medicine.  Oh, and the "house"

Fri, 10/28/2011 - 13:24 | 1821481 jcaz
jcaz's picture

Yet..... Gee, seemed like it was a good idea for my ancestors in Italy when US Steel was hiring......

Fri, 10/28/2011 - 13:41 | 1821569 MsCreant
MsCreant's picture

So what, Italy has a booming economy and jobs for everyone? STFU.

Fri, 10/28/2011 - 13:50 | 1821616 jcaz
jcaz's picture

LOL-  deep thought there...  Try reading it again while moving your lips slower....

Fri, 10/28/2011 - 21:03 | 1823291 Inspector Bird
Inspector Bird's picture

You're absolutely right.

Frankly, I think things are going to be pretty damn good for High Schoolers.  Here's why:

When I graduated in 1980, I was basically told the same thing.  "The US is failing, your future looks miserable, go abroad, find a job, there are more prospects elsewhere."

Funny, I've had a pretty good 31 years since. 

I think the people who face tough times are people my age.  I've got about 20 years before retirement, maybe slightly less.  Yet I face the prospect of inflation ruining what I've got, as well as the likelihood that my job experience is being devalued by youthful vigor and technological change.  While I can adapt as fast as most 24 year olds, employers can't see this.  In their view, my experience is outdated, and my age makes me untrainable.  Nothing is further from the truth, but this is the point of view others will employ when seeking to hire.

The reality is high schoolers face a bright future IF, and only IF, we can deleverage and reset expectations.  We've done it before, but I'm not sure the political will is there.  If Obama gets reelected, it definitely won't be there.

Fri, 10/28/2011 - 13:14 | 1821440 redpill
redpill's picture

I'm sure her dad would appreciate the advice to go to fucking Sudan!

Fri, 10/28/2011 - 19:28 | 1823125 GeezerGeek
GeezerGeek's picture

Anything to keep her from living in the basement.

Fri, 10/28/2011 - 13:15 | 1821444 Matto
Matto's picture

Dear mr black, how much time do you recommend a young person should put into writing 3rd person questions to themselves?

Fri, 10/28/2011 - 13:17 | 1821451 American Sucker
American Sucker's picture

Sending a young woman to the Third World alone to make her fortune is about the stupidest idea I've ever heard.  "Hey, you know all those countries where women are treated like dirt and are enslaved to their husbands?  Move there and grow rich!"

Fri, 10/28/2011 - 13:23 | 1821476 Deadpool
Deadpool's picture

she won't be alone long. give it a week (72 hours?) and she'll be in a drug induced coma in a $5 whore house or in the back row (unlit) of a sweat shop or dancing for some insane sultan while his lackys pass her around.

Fri, 10/28/2011 - 18:48 | 1823014 BigJim
BigJim's picture

Not everyone will go through life experiencing the same stuff as you, ya know.

Fri, 10/28/2011 - 13:19 | 1821460 beatus12
beatus12's picture

Stay home close to your family and friends.  There

is no greener pastures. Why is this person always

trying to direct people away from their homelands?


Fri, 10/28/2011 - 13:24 | 1821467 dwdollar
dwdollar's picture

Because he has no idea what truly matters when things go to shit. Family and close friends are first. Race, religion and culture are a close second. I know that's heretical to say even here on Zerohedge.

Fri, 10/28/2011 - 13:32 | 1821519 MsCreant
MsCreant's picture

No it's not. There are a lot of folks who get it here. You and I are part of the virtual ZH community because, though many of us have differences on small points, we all agree on what the big picture looks like and how we got here. Community and local solutions are the only way we will get through this. There is no solving the problem, there is only getting along and having each others' backs.


Fri, 10/28/2011 - 13:50 | 1821622 jcaz
jcaz's picture

What the fuck are you babbling about?

Fri, 10/28/2011 - 14:52 | 1821760 MsCreant
MsCreant's picture

I apologize if I hurt your feelings. Really.

Fri, 10/28/2011 - 21:05 | 1823295 Inspector Bird
Inspector Bird's picture

Egads.  Logic.

Fri, 10/28/2011 - 13:38 | 1821553 trav7777
trav7777's picture

I been sayin it for what, 1.5 yrs now?

Fri, 10/28/2011 - 18:50 | 1823024 BigJim
BigJim's picture

...Stay home close to your family and friends.  There

is no greener pastures. Why is this person always

trying to direct people away from their homelands?

That certainly worked well for the Jews in Europe back in the '30s, I agree.

Fri, 10/28/2011 - 13:20 | 1821464 dwdollar
dwdollar's picture

Simon Black is an idiot.

Fri, 10/28/2011 - 13:25 | 1821487 jcaz
jcaz's picture

....And yet, you can't stop reading his blog....

Well played.

Fri, 10/28/2011 - 13:29 | 1821496 dwdollar
dwdollar's picture

Just what's posted here. I agree with his premise of how fucked we are, but his solutions will hurt people (probably get them killed when S finally HTF). I feel obligated to comment.

Fri, 10/28/2011 - 13:21 | 1821466 divide_by_zero
divide_by_zero's picture

I’ll have more to report on this next week, plus a boots on the ground perspective of what’s going on in Fukishima. Hopefully I won’t grow a sixth finger.

He won't even need to step out of the subway in Tokyo to get a pretty high dose rate, wouldn't recommend getting anywhere near Fukushima even passing thru on train. At least 1/3 the country is Chernobyl level.

Fri, 10/28/2011 - 13:23 | 1821480 Deadpool
Deadpool's picture

interesting to note he only has 5 fingers now....

Fri, 10/28/2011 - 18:51 | 1823028 BigJim
BigJim's picture

Three on one hand, two on the other, just like the rest of us.

Fri, 10/28/2011 - 20:07 | 1823210 hidingfromhelis
hidingfromhelis's picture

Give him the benefit of the doubt and assume he was referring to having five fingers on just one of his hands.  Bet he wishes he could trade one of them for an opposable thumb.

Fri, 10/28/2011 - 13:23 | 1821470 lolmao500
lolmao500's picture

FiHe's totally right. Japan being a safe heaven is a total joke.

Not to mention, if the reactor 4 spent fuel pool rods get out of the pools (which can happen), according to scientists, Tokyo will have to be evacuated... And there's what 35 million people around Tokyo?

If that happens, the yen is gonna surge to 200-300 yen for $1US bet on it. Financial reality is gonna hit Japan like a ton of brick.

Former UN Advisor: Many scientists are emphasizing precarious situation of Fukushima Spent Fuel Pool No. 4 — If rods spill onto ground, it will force Tokyo and Yokohama to close

Fri, 10/28/2011 - 13:25 | 1821471 Reptil
Reptil's picture

1. Yes I'm getting out of Dodge. Actually I'm moving to one of the PIIGS. The big "hit" up north is coming. No one is prepared for that. From bad to crap is less of a plunge than from good to abysmal.

2. Japan a "safe place" because the "market" tell us? Well they're wrong, very, very wrong. If you want to produce healthy offspring, don't go there. It's going to get a lot worse from this moment on, there's a delay, a lag in the effects, and it hasn't stopped. Nothing is under control, three cores are melting towards groundwater level.

read up here:

Bloggers are not the only ones watching the whole development closely. Russian planes circle Japan, and the USA has several satillites there. It's a giant exercise in genocide. Very "interesting". o__o

Fri, 10/28/2011 - 13:52 | 1821630 Floordawg
Floordawg's picture

Strontium in ground water is one way to quell the massive waves of retirees... and every other living, breathing thing.


ps. Eat shit and die Simon Black.

Fri, 10/28/2011 - 13:22 | 1821473 zoomer
zoomer's picture

I saw recently that used car dealers in Japan are selling radioactive (hot) cars. When the first shipload of "HOT" new Toyotas is turned around in Long Beach the S will truly HTF.

Fri, 10/28/2011 - 14:21 | 1821815 Oh regional Indian
Oh regional Indian's picture

How do you know they haven't already? Hmmmm? I don't think the Japanese would think twice before shipping radioactive cars state-side.


Fri, 10/28/2011 - 19:35 | 1823141 GeezerGeek
GeezerGeek's picture

At least they should be easy to find at night in a dimly lit parking lot.

Fri, 10/28/2011 - 13:26 | 1821490 sbenard
sbenard's picture

In his book Endgame, which I'm reading now, John Mauldin refers to Japan as "a bug looking for a whindshield" because of the factors Simon has lucidly and eloquently elucidated here. Thanks, Simon and John! Well said!

Fri, 10/28/2011 - 13:36 | 1821539 MsCreant
MsCreant's picture

"Simon has lucidly and eloquently elucidated here"

Uh, yeah. Thanks.

Fri, 10/28/2011 - 13:27 | 1821492 Bansters-in-my-...
Bansters-in-my- feces's picture

Lucky for Japan they are one of the "wealthy nations".

Like the rest of the bankrupt g8

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