Killer Millennials: The Era Of Destruction Has Started

According to Neil Howe, the Fourth Turning is a crisis and it’s happening right now.

The United States is in an era of great destruction, as the old institutional way of life created by past generations is being systematically destroyed by the incoming generation i.e. the millennials. This transitional period is cyclical and has happened before - most recently during the Great Crash of 1929. Creative destruction is essential for the nation’s survival, as the millennials are rewriting America’s next journey - much different than before.

Already, the preferences of millennials’ are killing dozens of industries such as department stores, diamonds, food chains, and real estate. Life decisions such as marriage and a starter home are being delayed or totally abandoned. Millennials are swamped with student- and other forms of toxic-debt in a period of wage stagnation that makes their financial mobility limited.

They will be the first generation not to achieve the American Dream, along with a lower standard of living than their parents.

Given the backdrop of America’s transition induced by millennials in a fiat system that is considered late-stage. Cracked provides a 3-minute breakdown of why millennials are killing industries.

The video focuses on the diamond industry and provides various motives of why millennials aren’t buying the precious stone.

In particular, the video makes the point millennials are heavily in-debt and cannot afford marriage, thus breaking the long lasting cycle of tying the knot, which usually involves buying a diamond ring. Not anymore, millennials are broke.. And there goes the diamond scarcity that was produced by prior generations who could afford to get married.

Soon the American Dream will have to be redefined in accordance with the millennials.

Spoiler alert: there will be no family, goldendoodle, and or white picket fence in the new normal Millennial American Dream. It will be the attempt to go debt-free.

Comments

Retired Guy kbohip Thu, 11/30/2017 - 08:03 Permalink

At least pictures are resource light. There is nothing left for young people because the governments consume so many resources. Every bomb and cruise missle consumes resources that could be something useful for people.Young people are also burdened by all the institionalized theft such as the outsized pensions we read of on ZH. In the old days I paid $50/ year for real estate taxes. Now the same place costs $900. But the county now has giant expensive buildings instead of old creaky buildings. Why must they have new buildings? Their services are more useless and bothersome than ever. Let them make do like the rest of us.

In reply to by kbohip

Hugh_Jorgan Retired Guy Thu, 11/30/2017 - 10:54 Permalink

Diamond scarcity is a myth. The cartel keeps the flow low and slow for a reason.

Not that it's relevant; even if Millenials had money, too many are godless and ignorant and have zero patience. So for them, marriage would be out, regardless. Live-ins, baby-daddys and open marriages are much easier for the manchild and womanchild.

In reply to by Retired Guy

fleur de lis Gnostech Thu, 11/30/2017 - 01:13 Permalink

Millennials are angry, rampaging, destructive snowflakes who are ill read and poorly spoken but are determined to re-educate everyone else to their ignorance.They who must be obeyed.The snowflake factories (colleges) need to be closed and refitted as hospitals or residences for people who actually work.Those beautiful campus buildings and greens could be turned into so many other projects instead of mass producing snotty vandals.Any dump that intentionally feeds and festers such savage marauders should be repurposed for something productive.The brats can still do just as much damage without squandering tax money. 

In reply to by Gnostech

evokanivo chumbawamba Thu, 11/30/2017 - 13:37 Permalink

In software, yes it's possible nowadays, but in biotech, absolutely not. There is physical equipment that you need to learn to operate - everything from centrifuges to cell sorters. You're not going to get that at your local biohacker-space. Even if you did learn it on your own, it would take 10 times as long.As for the "roll-up-your-sleeves and exhibit some self-discipline" attitude - suppose that was the only choice. How many fewer engineers would we have if everyone had to be self-taught? Externally imposed discipline can be a good thing, especially for people 18-22 years old.

In reply to by chumbawamba

fleur de lis evokanivo Thu, 11/30/2017 - 21:54 Permalink

Engineers, science/health majors, computer programers, etc., are usually not found among rampaging snowflakes.They are too busy studying.But they are vastly outnumbered by expensive snowflake savages who have no cost benefit to taxpayers.Indeed they are a tax drain.So until there is some kind of weeding process to get rid of the vandals and allow serious students to thrive, there is no reason to keep funding snowflake factories.

In reply to by evokanivo

Posa Wed, 11/29/2017 - 23:05 Permalink

This is why we need confiscatory taxes imposed on the .01% ... Wall Street sales taxes etc...It's eother that or the guillotine. The Predators have gobbled up so much income and assets that consumption has permanently stalled, which means productive investment has stopped. All the Predators can do is invest ion a huge asset bubble that inebitably will crash, and then come to us for a bailout. yes this is redistributive taxation... not a good idea... but under the extreme circumstances, it's a necessary move to revive the economy. 

techpriest forestgump227 Wed, 11/29/2017 - 23:24 Permalink

Private property is an agreement any group of people come to once there is a certain (low) population density. This includes Natives who maintained actual functioning societies pre-settlers.

Concerning wealth confiscation: confiscate it all and in 5 years there will be another 0.01%. This is the lesson of communism from the 20th century, and its the lesson being learned in Venezuela right now given that Maduro and his friends aren't starving like everyone else.

In reply to by forestgump227

evokanivo stacking12321 Thu, 11/30/2017 - 01:53 Permalink

Economies of scale, coupled with legalized bribery (crony-capitalism), begets mega-corporations and concentration of wealth. At that point it becomes increasingly difficult to start a small business - the 0.1% own all the capital and make all the laws and regulations (barriers to entry) that obstructs newcomers. Only in a truly libertarian/anarchistic system could total lack of taxation work, but that's not what we have.

In reply to by stacking12321

Posa RedBaron616 Thu, 11/30/2017 - 09:35 Permalink

The .01% used free money from the Fed to buy up income and assets... it's not like they were breaking tyheir back toiling away... I'm sure the Predator Class appreciates your pimping for them... and no, this isn't Communism... what you'll get s communism if they were parody of capitalism that exists today isn't rectified

In reply to by RedBaron616