BAD MOON RISING

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Posted on 2nd November 2011 by Administrator in Economy |Politics |Social Issues

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I see the bad moon arising.
I see trouble on the way.
I see earthquakes and lightnin’.
I see bad times today.

Creedence Clearwater Revival – Bad Moon Rising

 

“Human history seems logical in afterthought but a mystery in forethought.” – The Fourth Turning – Strauss & Howe

The above statement by historians William Strauss and Neil Howe is very significant as we try to make sense of the events unfolding before our very eyes in today’s world. On September 17, a mere six weeks ago, a few hundred young people showed up in Zucatti Park in Lower Manhattan to protest our corrupt, broken and Wall Street manipulated economic and political system. That first night, approximately 100 protestors occupied the park and were outnumbered by the NYPD in full riot gear. The idea to Occupy Wall Street began circulating on the internet in late August. The Millennial Generation used their social networks and put their tech savvy talents to work. Before long, thousands of protestors showed up in cities across the U.S. The model for this movement was the successful demonstrations in Egypt and Tunisia, earlier in the year.

 

The initial reaction among mainstream media and politicians across the land was bemusement. A bunch of young hippy throwbacks were going to make a meaningless statement and then fade away. The attention span of Americans is as long as the commercial break between contestants on Dancing With the Stars. Everyone knows the Millennials aren’t to be taken seriously. They are a bunch of spoiled, coddled, lazy college kids who need to get a job. But a funny thing happened during the commercial break. The kids held their ground. They didn’t leave. More young people arrived. More young people began protesting in cities across the country. Middle aged people began to get involved. Even some older people joined the cause. Before long there were thousands of people getting involved. It spread to Europe, with young people occupying London and Rome. Donations and supplies began to pour in from around the world. There’s something happening here, but what it is ain’t exactly clear.

The six weeks since September 17 have been chaotic, venomous, confusing, and verging on deadly. Wall Street gyrated wildly with stocks falling 8% by October 3 and rebounding by 15% by October 28 and plunging again this week. The Economic Cycle Research Institute (ECRI) declared the country was headed back into recession on September 30:

“It’s important to understand that recession doesn’t mean a bad economy – we’ve had that for years now. It means an economy that keeps worsening, because it’s locked into a vicious cycle. It means that the jobless rate, already above 9%, will go much higher, and the federal budget deficit, already above a trillion dollars, will soar. Here’s what ECRI’s recession call really says: if you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.”

The ECRI has called the last three recessions with no instances of false alarms. Last week, the Conference Board announced the Consumer Confidence Index plummeted to two and a half year low of 39.8, last seen in March of 2009. The Dow Jones was trading at 6,500 in March 2009, some 47% below today’s level. It is an interesting dichotomy between how the average American feels about the world and how the Wall Street elite feel about their Ben Bernanke sheltered world. The Consumer Confidence Index was 110 in 2007 and 140 in early 2001. We’ve come a long way baby.

During these past six weeks the European Union has teetered on the verge of disintegration. Non-stop negotiations, agreements, plans, declarations, special purpose vehicles, bailout funds, and lies have poured forth on a daily basis. Greece still lives – on a ventilator – as it has been brain dead for months. The sole purpose of all the public relations efforts, press conferences, summit meetings and lies has been to keep European banks, their stockholders and bondholders from accepting the consequences of their irresponsible lending to the PIIGS. Essentially, the German people have been put on the hook for losses that should have been born by the stockholders and bondholders of the biggest French, German, Belgian and English banks. The EU has put a tourniquet over a cancerous tumor. The entire world is awash in bad debt and until this debt is liquidated, we will stagger from crisis to crisis like a drunken sailor. John Hussman describes the master plan:

In effect, European leaders have announced “We have agreed to solve our debt problem, leveraging money we do not have, to create a fund, which will then borrow several times that amount, in order to buy enormous amounts of new debt that we will need to issue.”

As politicians and central bankers around the world desperately try to keep their debt drenched ponzi scheme going for awhile longer, the mood darkens among the populations of developed countries around the world. I came across a quote from, of all people, Vladimir Lenin that describes how the last six weeks seemed to me: 

“There are decades where nothing happens; and there are weeks where decades happen.”

It seems like history is accelerating. Momentous events have been occurring regularly since 2007. Our political and financial leaders are blindsided on a daily basis by each new crisis. The majority of the American public continues to be apathetic, willfully ignorant, and constantly absorbed by their array of electronic gadgets and mindless drivel spewed at them by media conglomerates. Rather than think critically, most Americans allow left wing and right wing mainstream media to formulate their opinions for them through their propaganda and misinformation operations. Linear thinkers, who make up the majority of the political, social, media and financial elite in this country, believe the world progresses and moves ever forward. In reality, the world operates in a cyclical fashion, with generations throughout history reacting to events in a predictable manner based upon their stage in life. The reason the world has turned so chaotic, angry and fraught with danger since 2007 is because we have entered another Fourth Turning. Strauss & Howe have been able to document a fourfold cycle of generational types and recurring mood eras in American history back 500 years. They have also documented the same phenomenon in other countries.

The housing collapse, near meltdown of our financial system, revolutions in the Middle East, economic turmoil in Europe, poisoned political atmosphere in Washington DC, and most recently the Occupy Wall Street movement are part of a larger cycle. The four living generations have each entered the phases of their lives that will lead to a convulsive upheaval and destruction of the existing social order. We’ve entered a twenty year period of Crisis as described by Strauss & Howe:

“A CRISIS arises in response to sudden threats that previously would have been ignored or deferred, but which are now perceived as dire. Great worldly perils boil off the clutter and complexity of life, leaving behind one simple imperative: The society must prevail. This requires a solid public consensus, aggressive institutions, and personal sacrifice. People support new efforts to wield public authority, whose perceived successes soon justify more of the same. Government governs, community obstacles are removed, and laws and customs that resisted change for decades are swiftly shunted aside. A grim preoccupation with civic peril causes spiritual curiosity to decline. Public order tightens, private risk-taking abates, and crime and substance abuse decline. Families strengthen, gender distinctions widen, and child-rearing reaches a smothering degree of protection and structure. The young focus their energy on worldly achievements, leaving values in the hands of the old. Wars are fought with fury and for maximum result.” - Strauss & Howe

History is Cyclical, not Linear

“There is a mysterious cycle in human events. To some generations much is given. Of other generations much is expected. This generation of Americans has a rendezvous with destiny.” Franklin Delano Roosevelt  

  

I’ve been trying to decipher which direction this Fourth Turning will lead, and the last six weeks has started to crystallize my thinking. I’ve been fascinated by the intense reactions, opinions and arguments that have taken place across the airwaves and internet regarding the true nature of the Occupy movement. Some of the reaction is based upon pure ideological grounds, with media outlets like Fox News, the Wall Street Journal, NY Post and CNBC, disparaging, ridiculing and demeaning the movement. The anti-rich tone of the protests may not sit well with the multi-billionaire owners (Rupert Murdoch, Mort Zuckerman, Roberts Family) of these mega-media corporations. The liberal media such as MSNBC, Huffington Post, and CNN have sometimes been fawning over the movement in an effort to co-opt it into liberal Tea Party for the benefit of Obama and the Democratic Party. The propaganda and misinformation coming from both these ideological camps is easy to discern for a critical thinking person. Sadly, the nation is filled with people that don’t want to think. Therefore, they let their opinions be formed by talking heads on a TV screen.

These reactions were predictable. What caught my attention was the generational reaction to Occupy Wall Street. I know all the rugged individualists out there chafe at being lumped into a generational cohort, but the fact remains that groups of people born during the same time frame encounter key historical events and social trends while occupying the same phase of life. Because members of a generation are molded in lasting ways by the eras they encounter as children and young adults, they also tend to share certain common beliefs and behaviors. Aware of the experiences and traits that they share with their peers, members of a generation also tend to share a sense of common perceived membership in that generation. To deny the reality that large clusters of human beings tend to act with a herd mentality is contrary to all visible evidence. The herd mentality can be observed in the Dot-com bubble, Americans unquestioningly allowing passage of the Patriot Act, the housing bubble, the mass hysteria over the latest iSomething, Black Friday riots at retail stores to obtain the “hottest” toy or gadget, and the slaves to the latest fashions and trends as directed by the corporate media machine. The masses don’t realize they are being manipulated by the few who understand the power of propaganda:

“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. …We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons…who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.” – Edward Bernays – Propaganda – 1928

The Occupy movement is being driven by the Millennial Generation. They have used their superior technological and social networking skills to organize, educate, and inspire people to their cause while befuddling and confusing the authorities. They continue to rally more young people to their fight against Wall Street and K Street tyranny. The generational lines of battle are being drawn. The Baby Boom Generation, who is at the point of maximum power in society, fears this movement. They control Wall Street, corporate America, Congress, the courts, academia and the media. They have reached their peak of influence and power, which will rapidly wane over the next fifteen years. They see the Occupy movement as a threat to their supremacy and control of the system. The cynical, alienated, pragmatic Generation X is caught between the Boomers and the Millennials in this escalating conflict. It is likely the majority of this generation will side with the Millennials, realizing the future of the country depends on them and not the elderly Boomers. To clarify, not every Boomer, Gen Xer, or Millennial will act in concert with their generational cohort. But it doesn’t matter if a few cattle stray from the herd, when the herd is stampeding in one direction. 

The chart below details the Strauss & Howe configuration of generations and turnings for the last two Saeculums in American history. They describe their generational theory in the following terms:

“Turnings last about 20 years and always arrive in the same order. Four of them make up the cycle of history, which is about the length of a long human life. The first turning is a High, a period of confident expansion as a new order becomes established after the old has been dismantled. Next comes an Awakening, a time of rebellion against the now-established order, when spiritual exploration becomes the norm. Then comes an Unraveling, an increasingly troubled era of strong individualism that surmounts increasingly fragmented institutions. Last comes the Fourth Turning, an era of upheaval, a Crisis in which society redefines its very nature and purpose.” Strauss & Howe

Each new generation is born approximately three years prior to the next turning. This results in Strauss & Howe having a slightly different generational grouping than government demographers.

Great Power Saeculum (82)
Missionary Generation Prophet (Idealist) 1860–1882 (22) High: Reconstruction/Gilded Age
Lost Generation Nomad (Reactive) 1883–1900 (17) Awakening: Missionary Awakening
G.I. Generation Hero (Civic) 1901–1924 (23) Unraveling: World War I/Prohibition
Silent Generation Artist (Adaptive) 1925–1942 (17) Crisis: Great Depression/World War II
Millennial Saeculum (67+)
(Baby) Boom Generation Prophet (Idealist) 1943–1960 (17) High: Superpower America
13th Generation Nomad (Reactive) 1961–1981 (20) Awakening: Consciousness Revolution
(a.k.a Generation X)
Millennial Generation(Generation Y) Hero (Civic) 1982–2004 (22) Unraveling: Culture Wars, Postmodernism, Digital Technology
New Silent Generation (Generation Z) Artist (Adaptive) 2004–present (6+) Crisis: Great Recession, War on Terror, Declining Superpower, and Globalization

 

There is nothing mystical about their theory. Strauss & Howe are historians who have created a framework for understanding why people act a certain way to events differently, depending on which stage of life they occupy. The theory is so logical because it is based upon the average 80 year life cycle of a human being. A human being goes through four stages during their life: childhood, young adulthood, midlife, and elderhood. During each of these stages, you will react to the same event in a very different manner. During an 80 year cycle, there will be four generations at different stages of their life. The interaction between the generations at each 20 year turning determines how history is steered through the events of that cycle. The life cycle stages can be seen in this chart:

         
  Prophet Nomad Hero Artist
High Childhood Elderhood Midlife Young Adult
Awakening Young Adult Childhood Elderhood Midlife
Unraveling Midlife Young Adult Childhood Elderhood
Crisis Elderhood Midlife Young Adult Childhood
         

 

Strauss and Howe compare the saecular rhythm to the seasons of the year, which inevitably occur in the same order, but with slightly varying timing. Just as winter may come sooner or later, and be more or less severe in any given year, the same is true of a Fourth Turning in any given Saeculum. The theory does not predict the events which drive history, but it does predict the generational reaction to events depending upon their age. We entered the Fourth Turning Crisis in 2007 with the housing collapse and the implosion of our financial system. The configuration of elder self righteous Boomers at 60 years old, midlife pessimistic Gen Xers at 40 years old, and coming of age Millennials at 20 years old is an explosive mixture that will provide the impetus and fury to this period of catharsis and pain. Winter has arrived. There is no way to avoid it. The bitter winds have begun to blow. The first harsh front arrived in 2008 with the near meltdown of the worldwide economic system. There has been a lull in the biting gale force winds of this Crisis through the shoveling of massive amounts of newly created debt into a system already drowning in debt. The Occupy movement and the impending collapse of the European Union charade will usher in the next blizzard of pain and suffering. We hurdle towards are rendezvous with destiny.   

“The ‘spirit of America’ comes once a saeculum, only through what the ancients called ekpyrosis, nature’s fiery moment of death and discontinuity.  History’s periodic eras of Crisis combust the old social order and give birth to a new. A Fourth Turning is a solstice era of maximum darkness, in which the supply of social order is still falling—but the demand for order is now rising.  It is the saeculum’s hibernal, its time of trial. Nature exacts its fatal payment and pitilessly sorts out the survivors and the doomed.  Pleasures recede, tempests hurt, pretense is exposed, and toughness rewarded—all in a season.” Strauss & Howe

Millennials Rising

Over the last six weeks I’ve watched as the young protestors around the country have been called: filthy hippies, losers, lazy, coddled, socialists, communists, spoiled college kids, parasites, useful idiots, and tools of the left. Most of the wrath being heaped upon these young people for exercising their Constitutional right to free speech and freedom of assembly has been from the Baby Boom Generation, who are at the peak of their power in our society. Sixty percent of the Senate is made up of Baby Boomers, with the next closest generation being the Silent Generation with twenty five percent. Over 58% of the House of Representatives is made up of Baby Boomers, with the next closest generation being Gen Xers at 27%. They occupy the executive suites of the Wall Street banks (Blankfein, Dimon, Pandit, Monihan) and the Federal Reserve (Bernanke). They make up the majority of judges, local politicians and school boards. They run the Federal government agencies. And they dominate the airwaves as the high priced mouthpieces for their corporate bosses. This Prophet generation will lead the country through the trials and tribulations of this Fourth Turning.

The disdain and contempt for these Millennial protestors flies in the face of the facts about this generation. They use drugs at a lower rate than their parents did at the same age. Teen crime rates and teen pregnancies have declined. They will have the highest level of college education in U.S. history. They were protected during their youth as organized sports taught them teamwork. They are the most technologically savvy generation in history. They volunteer at a higher level than previous generations. They have been more upbeat and engaged than their predecessors (Gen X). And they are much closer to their parents than Boomers were at the same age. They reject the negativism and cynicism of their parents and believe positive change is possible in our society. They have shown respect for authority up until the last six weeks. They were primed to be led by Boomers that could articulate a positive vision of the future based on reality and a better tomorrow. They were ready to make sacrifices in order to create a brighter future. But a funny thing happened. The Boomer generation failed to deliver on their part of the bargain.

Prior Hero Generation Americans had braved the winter at Valley Forge and stormed the beaches of Normandy as Prophet leaders like Ben Franklin and Franklin Roosevelt provided inspirational guidance and the vision of a better tomorrow. Strauss & Howe accurately assessed the Millennial Generation in their book Millennials Rising: The Next Great Generation, published in 2000 when the 1st Millennials were graduating high school:

“As a group, Millennials are unlike any other youth generation in living memory. They are more numerous, more affluent, better educated, and more ethnically diverse. More important, they are beginning to manifest a wide array of positive social habits that older Americans no longer associate with youth, including a new focus on teamwork, achievement, modesty and good conduct. Only a few years from now, this can-do youth revolution will overwhelm the cynics and pessimists … will entirely recast the image of youth from downbeat and alienated to upbeat and engaged — with potentially seismic consequences for America.” - Strauss & Howe

The youth of America listened to their parents and stayed in school. They’ve racked up over $1 trillion in student loan debt getting college educations. Meanwhile, our Baby Boomer leadership had an opportunity to address the country’s unsustainable fiscal path by accepting the consequences of a thirty year debt binge and liquidating the banks that took extreme risks with extreme leverage. An orderly liquidation (aka Washington Mutual) would have punished the stockholders, bondholders and management of the Wall Street banks, while leaving the depositors whole and purging the system of debt that can never be paid off. Our politicians could have ended our wars of choice in the Middle East and cut our war spending by hundreds of billions without sacrificing one iota of safety for the American people. The political leadership could have put the country on a deficit reduction path that would have insured the long-term viability of our republic.

Instead of doing the right thing, our Baby Boomer leaders did the exact opposite of the right thing. They held the American taxpayer hostage and absconded with trillions of their tax dollars and handed it over to the same Wall Street banks that had run the largest fraud scheme in world history and blew up the worldwide financial system. The Boomer Chairman of the Federal Reserve decided to not only save the Wall Street banks but to purposefully try to pump up the stock market, while destroying the lives of savers and senior citizens with his zero interest rate policy. His policies have led to a surge in energy and food prices and contributed to revolutions in the Middle East. The Wall Street banks have used the accounting gimmick of relieving loan loss reserves to create fake profits over the last two years. Wall Street celebrated by paying themselves $60 billion in bonuses between 2008 and 2010. The poster boys for the .1% Jamie Dimon and Lloyd Blankfein “earned” $23 million and $19 million respectively in 2010.

The politicians borrowed trillions from future unborn generations to inflict a Keynesian nightmare of solutions on the American economy that included: an $800 billion porkulus program, $22 billion pissed down the toilet on a homebuyer tax credit as home prices are now lower, $3 billion for Cash for Clunkers that cost $24,000 per car sold, loan modification schemes, tax credits for windows, doors and appliances, and payroll tax cuts. The result of all the Federal Reserve and politician “solutions” has been to increase the National Debt by $5.3 trillion in three years, a 55% increase. It took the country over 200 years to accumulate the first $5.3 trillion in debt. Everything done thus far has benefitted only the top 1%. The real unemployment rate is 23%. The real inflation rate is between 5% and 10%. The economy is headed back into recession. But at least the top 1% are doing well, as the stock market has risen 84% from its 2009 lows. Somehow, the oligarchy that runs this country is taken aback by the protests growing increasingly contentious across the country. It is not a surprise to those who understand the cyclical nature of history and the darkening mood in this country, which has been deepening since the Tea Party protests of 2009.

Hope You Are Quite Prepared To Die

Hope you got your things together.
Hope you are quite prepared to die.
Looks like we’re in for nasty weather.
One eye is taken for an eye.

Creedence Clearwater Revival – Bad Moon Rising

  

It seems the young people in this country have realized they have no future when the system is run for the benefit of an oligarchy consisting of Wall Street banks, mega-corporations, media conglomerates, and puppet politicians in Washington D.C. These people will stop at nothing to retain their wealth and power. Not only do they want to retain it, they are actively trying to increase it. They have achieved their goal beyond all expectations, and are still able to convince a large portion of the population through their propaganda machine they deserve every penny. The chasm between the “Haves” and “Have Nots” has never been greater in U.S. history. The truth is that Americans have always admired entrepreneurs like Steve Jobs and Bill Gates who created businesses, created jobs, and ended up with vast wealth. But, that is not the wealth protestors on Wall Street and across the country are angry about. They are angry at the hyper-concentration of wealth in the hands of men that have rigged the system in their favor through bribery (lobbying & contributions), fraud (no-doc loans & AAA rated toxic derivatives), accounting schemes (special purpose vehicles & suspending mark to market) and holding the American middle class hostage (TARP & zero interest rates). When the 400 wealthiest Americans own more than the “lower” 150 million Americans put together, you have a system that is badly broken.

Do the Millennials have a right to be angry? The table below shows how the economic solutions of the oligarchy have worked out for the youth of our country. There are 19 million young people between the ages of 18 and 29 that are not working. Some are still in college, but most are not. That is a lot of potential Occupiers.  

   
Age Group %  not employed
18 to 19 65%
20 to 24 40%
25 to 29 27%
   

After observing the reactions to the OWS movement over the last few weeks, I’m more convinced than ever that different generations view the same event through the prism of their own life experiences, beliefs, prejudices, and biases. I’ve found the Baby Boomers have generally been doubtful of the protestors’ motives, condescending towards their intelligence, scornful about their appearance, and derogatory regarding their flaunting of authority. This is fascinating considering that Boomers love to reminisce about their glory days protesting the Vietnam War. The Boomer generation was at this same age configuration in 1970. Their GI Generation parents probably had the same opinions about the long haired, drug using, sex crazed youthful Boomers in 1970. Now the Boomers are the establishment and they don’t like seeing their authority challenged by these naïve troublemakers. Strauss & Howe saw the likelihood of this conflict back in 1997 when the oldest Millennials were only 15 years old:

“When young adults encounter leaders who cling to the old regime (and who keep propping up senior benefit programs that will by then be busting the budget), they will not tune out, 13er-style. Instead they will get busy working to defeat or overcome their adversaries. Their success will lead some older critics to perceive real danger in a rising generation perceived as capable but naïve.” –  Strauss & Howe

The Millennials spearheading these protests are most certainly capable. In a matter of six weeks they have created a worldwide movement occupying every major city in the world. The biggest complaints coming from the Boomers is they are naïve, misguided, immature, and don’t understand the real problem. The bitter condemnation of the protestors for breaking a myriad of minor administrative laws, regulations, ordinances, and curfews is beyond laughable. Fox News, CNBC, the Wall Street Journal, NY Post and the other mouthpieces of the ruling oligarchy are apoplectic about the young protestors camping out in public parks, but they were not too concerned by the Wall Street banks systematically defrauding millions of people by creating mortgage products designed to deceive.

They weren’t irate when Wall Street held Congress hostage for a $700 billion ransom. They weren’t enraged when Ben Bernanke bought a trillion dollars of toxic mortgage debt from the Wall Street banks at 100 cents on the dollar. They weren’t furious when the government officials forced the FASB to abandon mark to market rules, allowing the Wall Street banks to falsely report their financial statements. But, they are outraged by young people exercising their right to free speech and right to assembly. When their paid armies of thugs attack the protestors with tear gas and billy clubs, they declare the protestors had it coming. It seems the 150 year old American tradition of civil disobedience to protest unjust laws, defined by Henry David Thoreau, is not too popular among Boomers or the corporate mainstream media.

“Unjust laws exist: shall we be content to obey them, or shall we endeavor to amend them, and obey them until we have succeeded, or shall we transgress them at once?” –  Henry David Thoreau 

Many of the protestors are naïve, misinformed about the true causes of the financial crisis, impulsive, and seeking solutions that would result in more government control. Their critics say they should be in Washington DC, not on Wall Street. The Boomers don’t like their flaunting of rules and regulations imposed by local authorities. Again, the older generations have conveniently forgotten how naïve, impulsive and rebellious they were at the age of 20. The amazing thing to me is this generation never showed this side during their younger years. Their slogans like “Tax the Rich” are misguided. They need assistance from older generations, but instead they are getting beaten and arrested by the older generation. Some Boomers, like William Black, have opened a dialogue with the protestors, but the majority of Boomers are resistant to the movement. In prior Fourth Turnings, the Hero archetype followed the orders of the Prophet archetype. I fear the Boomer Generation, through their intransigence and refusal to proactively address our structural problems, have set in motion a revolutionary chain of events that will lead to class warfare and possibly civil war in this country. The real danger, as experienced in other countries (France, Russia, China), is that a demagogue could gain control. Strauss & Howe envisioned that possibility in 1997:

“This youthful hunger for social discipline and centralized authority could lead Millenial youth brigades to lend mass to dangerous demagogues. The risk of class warfare will be especially grave if the 20% of Millenials who were poor as children (50% in the inner cities) come of age seeing their peer-bonded paths to generational progress blocked by elder inertia. Unraveling era adults who are today chilled by school uniforms will be truly frightened by the Millennials’ Crisis-era collectivism.” –  Strauss & Howe

The most outrageous accusation made against the protestors is they are somehow responsible for their current plight. The Boomers declare they are spoiled kids who need to get a job. A critical thinking analysis of the Millennial Generation demographics reveals how ridiculous it is for Boomers to blame Millennials in any way for our current economic debacle. There are 97 million Millennials and 54 million of them are under the age of 20. Another 21 million are between the ages of 20 and 24, barely getting started in the real world. Only 39 million of them were eligible to even vote in the last Presidential election. It should be clear to even the most dense CNBC anchor that the young people protesting in the streets are not to blame for the raping and pillaging of the U.S. economic system by the barbarians on Wall Street over the last thirty years, with the consent and encouragement of the bought off politicians in Washington D.C.

Generation Age Total Pop.(mil)
G.I. 86–109 6
Silent 69–85 22
Boomer 51–68 73
Gen-X 30–50 83
Millennial 7–29 97
Homeland – 6 29

 

After placing the living generations in their assigned age buckets, I was shocked to see the Millennials being, by far, the largest generation. I had assumed it was the Baby Boom Generation. At their peak in 1970 they totaled 76 million and made up 37% of the U.S. population. But, time has not treated them well. Approximately 3 million have left this earth and they only make up 24% of the population. Both Gen X and the Millennials now outnumber the Baby Boomers. They will continue to see their power wane as the years roll by. The Millennial power will grow as the Fourth Turning progresses, since they make up 31% of the population today and will see that ratio grow as the G.I. and Silent generations die off. There are very few people remaining that lived through the last Fourth Turning. The initial phase of this Crisis has revolved around the Wall Street induced housing collapse with the consequences of not enforcing the rule of law by liquidating insolvent banks and prosecuting the white collar criminals that reaped ungodly profits by committing fraud on an epic scale. This has left the country with an unsustainable level of debt, a hollowed out economy, and unemployment at Great Depression era levels, while Wall Street bankers, media titans, and career politicians reap compensation packages fit for kings. Jesse from Jesse’s Café Americain describes our political system perfectly: 

Kleptocracy:“rule by thieves” is a form of political and government corruption where the government exists to increase the personal wealth and political power of its officials and the ruling class at the expense of the wider population, often without pretense of honest service.No outside oversight is possible, due to the ability of the kleptocrats to personally control both the supply of public funds and the means of determining their disbursal. 

The Millennials were raised by parents who believed government could solve all our problems. The welfare-warfare state became monolithic during the Boomer reign of error. Therefore, it is understandable these young naïve revolutionaries still cling to the belief the government can solve our problems through more taxes or new programs. The point being missed by all the doubters and detractors of the OWS movement is these young people have zeroed in on the right culprits. They are not stupid. They understand these basic facts:

  • The $15 trillion National Debt, headed to $20 trillion by 2015, is the gift we are leaving to the Millennials.
  • The $100 trillion of unfunded entitlement liabilities will never be honored by the time the Millennials retire.
  • The Millennials know the $1 trillion per year spent maintaining our military empire is more than the next 18 countries’ spending combined, and it benefits only the corporations peddling armaments, while making us less safe.
  • The soldiers getting killed and wounded in our wars of choice in the Middle East are predominantly Millennials.
  • There are 14,000 professional lobbyists in Washington D.C. representing mega-corporations, unions, trade groups and other special interests, which have doled out $30 billion over the last decade influencing (bribing) politicians to write the laws in their favor, and not one lobbyist was working for the Millennials.
  • Millennials know Wall Street has spent $154 million on political contributions and $383 million on lobbying in the last decade. The buying of political influence by our bastions of crony capitalism was as follows: Goldman Sachs – $46 million; Merrill Lynch – $68 million; Citigroup – $108 million; J.P. Morgan Chase – $65 million; Bank of America – $39 million.
  • The Millennials know the 71,000 page Federal tax code and 140,000 pages of Federal regulations are written to protect the interests of the few, not the many.
  • Millennials know the financial industry consciously created products designed to induce mortgage fraud, knowingly packaged toxic mortgages into derivatives, bribed the rating agencies to rate them AAA, sold these worthless instruments to their customers, shorted these same derivatives, and pocketed billions in fees and ill gotten gains. After blowing up the financial system and costing taxpayers trillions, not one person has gone to jail.
  • Millennials know how to read a chart:

 

  • Millennials know that Barack Obama and Mitt Romney are the same face of a never changing oligarchy. Change brought about through opposing political parties and elections has been rendered obsolete as the oligarchy chooses the candidates, uses their wealth to create policies and programs, and is able to control the masses with their propaganda message machines.

So here we stand, about five years into this Fourth Turning, with protests in the U.S. growing increasingly violent and intense. The calls for civility after the Gabrielle Giffords assassination attempt in January of this year went unheeded as the political vitriol has grown increasingly nasty. January seems like a lifetime ago. Revolutions have overthrown rulers in Tunisia, Egypt, and Libya. Unrest and bloodshed continues in Syria, Gaza, Yemen, Bahrain and Saudi Arabia. The European Union is disintegrating before our very eyes and violent protests against austerity measures flare up on a daily basis in Greece, Italy and Spain. There is no doubt we have entered the 2nd stage of this Crisis – the more violent and dangerous stage. I can sense fear and uneasiness among the more connected members of society. The drones, which constitute a large portion of America, are highly focused on Kim Kardashian’s divorce after 72 days and a $10 million wedding. The Millennials leading the protest movement are connected. They understand what is at stake. Strauss and Howe had it figured out 14 years ago:

“Of all today’s generations, the Millenials probably have the most at stake in the coming Crisis. If it ends badly, they would bear the full burden of its consequences throughout their adult lives. Yet if the Crisis ends well, Millenials will gain a triumphant reputation for virtue, valor and competence.” – Strauss & Howe

So what happens next? The truth is that no one knows what will happen next. We can only try to connect the dots and peer into a foggy future. We know that our leaders have not solved any of the financial imbalances that existed in 2007. They have made them worse, as have leaders across the world from China to Japan to Europe. We await the next Lehman moment, except this time it will be a sovereign nation and the contagion will be ten times greater than the 2008 meltdown. Our already fragile economy will be brought to its knees in a replay of the 1930s. As nations plunge into economic chaos, civil strife will likely lead to authoritarian figures rising from the ashes of the turmoil. Could Russia and China take advantage of this turmoil to acquire new resources through military means? Possibly. When the American middle class sees their remaining wealth dwindle to nothing, will they take to the streets? Revolution seems too remote to fathom, but it seemed remote in 1764 and 1855 too. When people have nothing left to lose, anything is possible. The collapse of our economic system is baked in the cake. Our current fiscal path is destined to end in fatality. Strauss & Howe knew the outcome of this Fourth Turning would depend upon the wisdom, strength and fortitude of the American people:    

 “The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. Thus might the next Fourth Turning end in apocalypse – or glory. The nation could be ruined, its democracy destroyed, and millions of people scattered or killed. Or America could enter a new golden age, triumphantly applying shared values to improve the human condition. The rhythms of history do not reveal the outcome of the coming Crisis; all they suggest is the timing and dimension.” – Strauss & Howe

Winter has arrived. There will be difficult hurdles with many trials and tribulations in front of us. You may have to choose sides in a generational war. No one wants to face bitter choices. No one wants bloodshed and war. But it really doesn’t matter what we want. There is no real justice in a country that attacks and incarcerates young people for exercising their right to free speech and dissent, while allowing a psychopathic Wall Street banking cartel to wreak havoc upon our nation. The generational alignment is such that the existing social order will be swept away in a violent manner. What replaces the existing order will be up to the American people. You may lose your wealth, security, freedom, or life during the coming struggle. The years ahead will require steely determination and courage like our forefathers exhibited on the frigid barren fields at Valley Forge, the undulating wheat fields at Gettysburg, and the bloody beaches of Normandy. I have three teenage sons at home. My choices will be dictated by what I feel will be best for their futures. I will do WHATEVER it takes to secure a better tomorrow for my boys. If that means standing beside them in battle, so be it. Lines are being drawn. You will not be able to avoid choosing sides, just as you cannot avoid Winter if you ever want to see the dawn of another Spring.

 

“History offers no guarantees. We should not assume that Providence will always exempt our nation from the irreversible tragedies that have overtaken so many others: not just temporary hardship, but debasement and total ruin. Since Vietnam, many Americans suppose they know what it means to lose a war. Losing in the next Fourth Turning, however, could mean something incomparably worse. It could mean a lasting defeat from which our national innocence – perhaps even our nation – might never recover.” – Strauss & Howe

 

169 Comments
  1. Administrator says:

    EDITOR’S NOTE: No Boomers were injured during the making of this article. If you are a Boomer and visit this website regularly, you are not who I was talking about. All complaints can be taken in my complaint department.

    41k1WRUJ-tL._SL500_AA300_.jpg

    Well-loved. Like or Dislike: Thumb up 91 Thumb down 6

    2nd November 2011 at 9:01 am

  2. bearraid says:

    So then as a cohort, what is the role for us Xers? In the previous cycle, the Nomads were represented by Eisenhower, Patton, et al. Do we wait until the middle of the crisis to discover our identity?

    Well-loved. Like or Dislike: Thumb up 13 Thumb down 2

    2nd November 2011 at 9:17 am

  3. Diogenes says:

    Jim – this is fabulous, thank you
    Dave was looking for truth, well…
    This is better – this is Truth
    “We know the Truth, not only by the reason, but also by the heart” Pascal
    The left-brain alone will never get you there.
    http://www.youtube.com/watch?v=4YlTUDnsWMo
    This is why I keep coming here
    Thanks again

    Well-loved. Like or Dislike: Thumb up 15 Thumb down 3

    2nd November 2011 at 9:18 am

  4. Diogenes says:

    btw – Fogerty is a boomer

    Hot debate. What do you think? Thumb up 6 Thumb down 2

    2nd November 2011 at 9:22 am

  5. newsjunkie says:

    If Strauss and Howe would go back further than 500 years, they will find the same cycles of history go back to biblical times. I see this turning as an Exodus moment, where the existing “pyramid” structure is left behind (think dollar bill symbolism, as well as Ponzi schemes). If we can resist the trend toward consolidation of wealth and power that we were left with after WW2, and truly live how we were meant to live, with personal freedom and personal responsibility, we will have won.

    We have already broken the monopoly of the propagandists with alternative forms of communication, a Boomer gift to the cause, by the way, so I hold out hope that we will get there.

    Well-loved. Like or Dislike: Thumb up 20 Thumb down 1

    2nd November 2011 at 9:22 am

  6. Stucky says:

    You started your awesome article with a CCR song.

    CCR … one of the very very best rockers of ALL time!

    CCR … fucking Boomers.

    PRECIOUS!!!

    Hot debate. What do you think? Thumb up 12 Thumb down 8

    2nd November 2011 at 9:23 am

  7. Administrator says:

    We’re already in the middle of the Crisis. GenX is going to have to choose sides. Will we side with the young protestors who represent the country’s future, or will we side with the Boomers, who represent our past?

    I’ve made my choice. I’m hopeful that enough Nomads will rise to the occasion just as George Washington, U.S. Grant, Eisenhower, Patton and Truman did in our past.

    Well-loved. Like or Dislike: Thumb up 30 Thumb down 5

    2nd November 2011 at 9:24 am

  8. Administrator says:

    Boomers did make good music. I’ll give them that.

    Well-loved. Like or Dislike: Thumb up 25 Thumb down 4

    2nd November 2011 at 9:26 am

  9. Thinker says:

    Jim, you nailed this. I do think a “call to action” for Xers would be a good follow-up. It’s time for us to throw off our generational motto — “Whatever.” — and get to work. As you rightly point out, Boomers don’t stand a chance if X and Millennial generations combine to fix our nation’s problems.

    Well-loved. Like or Dislike: Thumb up 21 Thumb down 4

    2nd November 2011 at 9:31 am

  10. Welshman says:

    Admin.,

    Good reinforcement peice, connecting the dots. I was also taken back by the population groups, as I have alway believed that Boomers were the largest group.

    Is it Millennials or Millenials? Spell check and most articles use two “n”.

    Like or Dislike: Thumb up 5 Thumb down 1

    2nd November 2011 at 9:46 am

  11. Axel says:

    I love your articles, Jim. You are the most inspirational writer on the internet, IMHO. I always come away from this website energized, excited, and feeling like I am part of the great sweep of history Don’t get me wrong–I don’t come away happy–just invigorated.

    I am on the cusp of making my tremendous move, taking my family away from the only life my kids ever knew–the Mojave desert life of Las Vegas, and I’ll be plunging them into the snow of Northern Indiana. And it will be an adventure. All of us will be in for an adventure, too in the next five to ten years, (or shorter).

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    2nd November 2011 at 10:08 am

  12. Guest Post: Bad Moon Rising | ZeroHedge says:

    [...] Washington Mutual Submitted by Jim Quinn of The Burning Platform [...]

    Like or Dislike: Thumb up 2 Thumb down 1

    2nd November 2011 at 10:22 am

  13. Dragline says:

    Awesome post, Jim. Picked up at ZH right away.

    I choose to stand with my boys, too. That picture of the bloodied Scott Olsen says everything.

    Well-loved. Like or Dislike: Thumb up 17 Thumb down 1

    2nd November 2011 at 10:23 am

  14. Nick says:

    I’m a Gen-X nomad. I think I have something valuable to offer our hero generation – cynicism.

    I don’t mean negativity but rather a lack of naivety. I’ve been around long enough to know the score.

    I’ve watched for years as the general self interest of my leadership at all levels ignore my repeated calls for a better world and ethical practices.

    I am hardened, determined, calculating and focussed. Unfortunately, I am also undecided.

    Many of us will fall in with the heros and many with the prophets and we will most likely pop up in the ranks of active leadership on both sides of the fence – advised and guided by boomers.

    In my mind, this is not a generational war or a class war. This is fundamental change in the structure of society. A power shift that happens only once in a few centuries because of the path the boomers have chosen for us.

    I’m both excited and scared to death because I see the big picture and understand the stakes.

    Well-loved. Like or Dislike: Thumb up 22 Thumb down 1

    2nd November 2011 at 10:37 am

  15. thc0655 says:

    Fascinating, thanks. I was the oddball Boomer who never fit in in 1970, and now you say I’m the steer who has wandered away from the herd! Don’t mind my skepticism of the Occupy movement so far, I was far more skeptical of Boomers in 1970 (when I was loving CCR before you were probably in kindergarten). I have hopes for something good coming from the Occupy movement and the general unrest growing in our society, but so far I see far fewer positive signs of it than you apparently do. I keep seeing the dark side of where the unrest could end up, and, outside of America, the dark side seems to be what people get from Fourth Turnings more often than not. One way I’ve changed since 1970 is to be more forgiving and inclusive of people who are flawed and contributed to our problems (probably because I know better than ever how much I need to be forgiven and included). I see nearly everyone dividing the world into “us” and “them,” and that seems to be so destructive. We need to listen and tolerate and adapt much more than we judge, fight and eliminate. We’re going to have to work together in spite of our many differences to make a better world. Don’t get me wrong: when the time comes and limits have been reached I’ll draw a line in the sand with the best of them, and defend it with ferocity.

    So I keep looking for positive signs to come out of the brewing unrest. Will people (esp. Millenials) start to gravitate to the ONE Presidential candidate who stands for a complete reset and reboot of our country (Ron Paul) instead one of the many who stands for minor course corrections for the Titanic now that we’ve hit the iceberg? Will the Occupy movement find a direction and will it inspire and attract others who are currently skeptical, opposed or oblivious? Will there be a movement to prosecute the blatant frauds, or even an individual who champions that cause effectively or is in a power position to begin to execute it despite opposition from everyone else? Will there be a popular movement in which each of us SIMULTANEOUSLY develops their personal character and morality while engaging in re/building the society at large (it’s values, institutions, laws, etc). If my Boomer generation taught us anything it’s that you can’t be so focused on liberating and saving the world that you neglect to be an upstanding individual in your day to day life (and vice versa).

    Well-loved. Like or Dislike: Thumb up 36 Thumb down 1

    2nd November 2011 at 10:39 am

  16. Jenna says:

    My fiance and I are Millennials. He is going to be a CNA nurse and I am in IT right now, getting certified to be a Systems Security Engineer. We just left teenage-hood and both of us know that the road is going to be a long and hard one, but personally, I have never asked for an easy life, just the ability to give him and our future children one.

    The invisible hand that moves our economy has been chained up, and locked up by our government and oligarchy, it’s time we find a way to free ourselves, and that starts by not buying into their system anymore. Become self sufficient, rely only on yourself and those you love and trust. Do good and steadfast always, that’s what changes the world.

    Well-loved. Like or Dislike: Thumb up 41 Thumb down 0

    2nd November 2011 at 10:40 am

  17. Stucky says:

    Hey, Millenials!! And you younger Gen-Xers.

    I like you guys. I think OWS is a tremendous movement. Keep it up!

    There are MILLIONS of you of voting age.

    You ALONE can determine the outcome of the 2012 elections.

    Get off your fucking asses. Do the right thing. Give us new leadership in government.

    THAT would impress the hell out me, even moreso than the OWS stuff. And, I’ll gladly fight along side you, even if it comes at great personnal cost.

    Well-loved. Like or Dislike: Thumb up 19 Thumb down 3

    2nd November 2011 at 10:47 am

  18. efarmer says:

    Admin, you have chosen sides?

    I was hoping for a door #3. Behind that door is Ron Paul and Austrian Economics.

    EF

    Well-loved. Like or Dislike: Thumb up 22 Thumb down 0

    2nd November 2011 at 10:54 am

  19. Administrator says:

    Welshman

    You’re right. It was two n’s . I only had to change 65 words to make it right.

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    2nd November 2011 at 11:01 am

  20. Erv says:

    I am sorry to say I am not optimistic about America’s future. I am a 57 Boomer, but I am genetically wired to be Libertarian…(I have always had a problem with people telling me what to do). With so many Silent/Boomers depending on Social Security on one end and all the Gen-X and Millennial on unemployment/Welfare due to the poor job market on the other end it reflects a vast majority of people depending on government for survival.

    When the money spigot is turned off with the coming economic downturn I don’t see folks turning more independent, but demanding the government “do something”. History has shown in most cases the result is not a freedom loving freedom respecting government, but just the opposite. As I read somewhere else…we are more likely to get a socialist like government than a 1776 Republic. Or worse.

    Well-loved. Like or Dislike: Thumb up 28 Thumb down 2

    2nd November 2011 at 11:02 am

  21. Robbie says:

    Caught this over at Zerohedge. Agains, another outstanding post, Jim!

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 2

    2nd November 2011 at 11:08 am

  22. Richard J Mullany says:

    Well said.

    Like or Dislike: Thumb up 3 Thumb down 2

    2nd November 2011 at 11:09 am

  23. Thinker says:

    Such great, inspirational comments. Nice to see we’re all coming together from our differing generations and points of view. Jim, kudos. Oh, and while you’re at the spelling corrections, Zucotti Park is spelled incorrectly in your opening paragraph.

    Like or Dislike: Thumb up 5 Thumb down 2

    2nd November 2011 at 11:13 am

  24. Guest Post: Bad Moon Rising » A Taoistmonk's Life says:

    [...] Submitted by Jim Quinn of The Burning Platform [...]

    Like or Dislike: Thumb up 0 Thumb down 0

    2nd November 2011 at 11:14 am

  25. Administrator says:

    Must be a lot of Boomers on Zero Hedge. They don’t like it. They never like the Fourth Turning articles.

    Well-loved. Like or Dislike: Thumb up 14 Thumb down 2

    2nd November 2011 at 11:17 am

  26. kochevnik says:

    The 4T has been right about virtually EVERYTHING they predicted since it was published in 1997 – even down to predicting the current negative household formation as Millies move back in with their Boomer parents.

    Thank you Jim for being one of the very few people on the net who understand the importance of the Fourth Turning book.

    I strongly recommend Peter Savich’s
    The Fourth Turning predicts People vs. Corporations :
    http://petersavich.com/Duck/Analysis/PVC/Fourth%20Turning/ftprint.php

    Yes the Millies are confused, but everyone KNOWS when they are getting a raw deal – if you are 28 years old and being forced to live in your parents basement because the Boomers refuse/are unable to retire, and the economy has imploded and you have 50k of crushing student loans – Yes you do eventually decided to get off you ass and do something about it. THAT’S WHAT DRIVES OWS. And they (or some similar movement) will FORCE change, because for them it is a battle for survival. Their backs are against the wall. And they will force change – the only real question is what that change will be and who exactly they will choose as their primary focus. I would say the corporate behemoth would be the logical choice.

    Strauss & Howe said in the end, we would ALL be forced to choose sides – there isn’t going to be any bystanders by the end – the stakes will be much too high.

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 3

    2nd November 2011 at 11:29 am

  27. Pcaldallas says:

    Very few people like to make decisions because thinking independently and making a conscious choice based on your own volition means that you take ownership of the decision, for better or for worse. Punting the decision making responsibility to an alternate body such as government or a religious institution (often times both are the same) allows a person to sidestep the ownership of the decision. This creates the needed wiggle room to test the wind and then argue the decision was not what “I would have done” if the plan fails or conversely “this is why I voted for X” if the resolution succeeds. This is why the political process works so effectively for those in power. Sadly, as pointed out in the essay, individuals will be forced to make decisions independently using critical thinking and cold analysis after having spent their lives avoiding it at all costs. The inability to make critical decisions are epitomized in the boomer generation and unfortunately millenials and gen-x have been brainwashed by the same line of thinking. This is why I believe America’s future is very bleak.

    Beyond the generational groupings, there are underlying factions transcending age. Those in charge, specifically those in charge of the financial institutions and large international corporations who run the country, fundamentally do not care about the people below them. They are sociopaths of the highest order who see people not as humans but as chattel who exist only to increase their personal wealth and power. Below them are the politicians who serve as tools to protect their interests and keep the barking hounds who are the masses at bay. The active duty military and police, controlled by the politicians, are the enforcement arm of the cabal. Do not count on them to come to the aid of the proletariat when push comes to shove as they excel at following orders.

    Amongst the proles there is the majority who have no idea why things are going badly and will never have the ability to arrive at a solution beyond “if only we can elect the right people they will make everything better.” These are Kissinger’s “useless eaters” to a T. Coupled with this group are the millions who exist only on government life support and do not care who is in charge as long as the free cheese keeps on coming. These people will sit on the sidelines as the ship starts to go down. There is a smaller group who realize the system is fucked but also believe they can work the system to carve out their own little empire. These people view anyone not willing to have the same mercenary attitude as ignorant and foolish. When the collapse begins, these opportunists will take the logical step of trying to work the new system to their benefit. The smallest group are those who realize the system is fucked, are doing their best to survive and hope to change the system for the better. This aforementioned group is a decided minority and also the one who will precipitate the next move in the game.

    The economic system will not change, it can only collapse. If and when the collapse occurs, there will be a small window of opportunity for a new group to seize the reigns of power. Regrettably, the ones in power now are the ones in the best position to retake them and stay on top. They will use the ignorant masses to their advantage because they understand a fundamental truth about humans: the vast majority of people on this planet want and need to be led by someone else. As civil order breaks down, the people will gravitate towards anyone who promises them peace and security. “V for Vendetta” is terrifyingly accurate in this presumption. Humans also have an incredible capacity to believe nearly any line of bullshit thrown their way as long as the message is packaged cleverly. For those aware and anticipating future strife and turmoil, the best you can do is prepare your mind and body and hope to survive the war.

    “Only the dead have seen the end of war.”
    – George Santayana

    Well-loved. Like or Dislike: Thumb up 29 Thumb down 1

    2nd November 2011 at 11:31 am

  28. Cynical30 says:

    I’m glad you’re not angry at your “second job” anymore JQ. Cyberspace is the new town crier and the message is being heard. I know it for a fact because I had 2 seperate friends who are not all that politically engaged forward me a link to this article (the post up on ZH). People are paying attention to what’s going on. Even the “drones” start to realize something’s wrong when their monthly expenses keep going through the roof, their criminal banking conglomerate starts bilking them for nickels and dimes, and none of the main actors in the drama are proposing to do anything about it. I’d say that 2012 is gong to be a scorcher, but hell it may be a lot sooner when the European Cirque du Soleil freak falls off the tightrope.

    Well-loved. Like or Dislike: Thumb up 13 Thumb down 1

    2nd November 2011 at 11:39 am

  29. Administrator says:

    “The privileged have regularly invited their own destruction with their greed.”

    John Kenneth Galbraith

    Well-loved. Like or Dislike: Thumb up 12 Thumb down 0

    2nd November 2011 at 11:41 am

  30. Support or reject “Occupy”: but understand where it comes from | Juggling Dynamite says:

    [...] it or not, embrace it or not, history is cyclical and change is happening.  This article from The Burning Platform is worth reading in its entirety (its long, maybe best to print this one off and mull it over when [...]

    Like or Dislike: Thumb up 1 Thumb down 1

    2nd November 2011 at 11:42 am

  31. Francis Dollarhyde says:

    Also posted on ZH.

    The Millennials’ idea of revolution is to beg the Boomers for more handouts. Remember, they had parents who wanted to be their best friends. Their formative years were spent during a bubble that allowed mommy and daddy to buy them everything they wanted on a HELOC. And as a result, they trusted adults who told them that they needed to go deep into debt for an education. Compare to the previous hero generation, which grew up during the Great Depression.

    The crisis point was 9/11. America was attacked, the dot-com bubble had collapsed, debt was out of hand. And if we’d treated it as the crisis it was, the Millennials would have had a role to play. But we didn’t. We played extend & pretend. We told everyone to go shopping. We used a volunteer military to fight relatively bloodless (for us) wars. We blew a new bubble. And when that popped, we kicked the can down the road some more. Now it can’t be avoided. And the generation that could have played the role of Hero is unprepared for the challenge. They can’t even muster the outrage to defy the police on the use of loudspeakers. Even in protesting, they obey.

    The Millennials aren’t the Heroes you’re looking for. They’re just an echo of the Boomers, their parents. I believe the Strauss & Howe cycles are basically correct, but we’ve created a dead-end offshoot from the cycle in Gen-Y. The real Heroes will be the ones entering their teenage years after the housing bubble, after the disappointment of Obama. They’ll be the ones ready to do the work, because they’ve always lived in a world that didn’t give them much. Just like the G.I. generation, which grew up during the Depression, and had only vague memories of the Roaring 20s.

    Well-loved. Like or Dislike: Thumb up 18 Thumb down 8

    2nd November 2011 at 11:50 am

  32. Dan says:

    Speaking as a GenX, at 45 years old, I will say that this prognosis has much assumptions in it. This looks much like a strategy to foment a revolution, or civil war. I can speak the truth, from the people I know, and the children I have. First, my 3 children are ages from 19 to 26 and they are your generation. They also understand that the current job”less” situation comes as normal in times like these, as all employers will prefer to hire an older person in hopes of finding a more responsible and reliable employee. There is also the legal, and illegal, immigration that everyone ignores. We are currently allowing over 1.5 million legal immigrants into our country every year, along with 1.3 million green cards every year, and yet, we are producing only 100,000 jobs per month. Do the math, and you will see there is no room for an American labor force. These immigration numbers are from DHS, and they are only the “legal” immigrants they know of.
    In the past few years, I have witnessed, and friends at my age have also noticed, that this generation (millinial) expects more for less effort. Many college grads are asking for higher pay with benefits instead of taking the lower salary and stepping up the ladder one rung at a time. Many laborers are much lazier and employers find that older immigrants are harder working and more reliable. I am white and I have worked at many menial jobs that some like to call, “jobs that Americans won’t do”. I have been a janitor, a cashier, a dishwasher, tire and lube technician, and a construction laborer. In my days in construction, building houses, I saw the skin color change in the 80′s. Where the early 80′s there were many of my friends, white, working hard and damn proud of ourselves, and in the late 80′s we found other jobs, that payed better, but our replacements in the construction field were becoming more brown, and it wasn’t from the sun.
    I have also witnessed, in my days working as an auto technician for the past 17 years, less ambition from the newer technicians, along with fewer numbers of techs. The immigrants that worked at car wash and detail always worked much harder than all the white car jocks. Likely, because they were older, and were raising families, but just as well, that is your competition and you can make all the excuses you like, but the bottom line comes down to who is the harder and more reliable worker.
    And for my generation, GenX: There is much diversity in us all, politically, left and right and center. I would guess we are evenly split into thirds. Socially, we have many varied experiences in life and have our own ways of living, traditions, raising our children and education. But what I have experienced in my time is that the more successful I became in my life, the more I believe in a total capitalistic society. As I have paid my taxes throughout my lifetime, I feel that I owe nothing to no one, except for what I have borrowed, and what I have borrowed must be paid back asap. With that policy in my life, I will leave no debts to my children. But what our govt. has done by “sleeping” with the corporations and banks and running our national debt into the abyss, has myself, my family, and all the people I know, upset that our generation will go down in history as the cause of the end of a great nation. It is embarrassing and extremely painful to watch the dismantling of a country that gave us such a great life and many chances for success. This was the biggest reason for the Tea Party outrage. Not that they were getting taxed to hell and back but they can see the destruction that the govt spending and crony-capitalism was doing to the country that they wanted to leave for thier children and grandchildren to inheret.
    If you can look past the racist accusations the mass media can’t get around, you will see many Tea Party ppl were parents and grandparents that had serious concerns about the direction of our country and what would remain for our next generations…you. We want you to have the same opportunities to succeed that we had. But the real problem that is killing those opportunities and your future is the govt. You can legally and effectively change the govt. by organizing and making sensible votes instead of voting for the next American Idol.
    Otherwise, if you wish to change this country, then what is better? I can say that the more violent this gets, the less support you will get, unless you seek support from the radicals like communists and anarchists, and then, you will be too radical for popular support, and too radical for GenX (the quiet generation).

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    2nd November 2011 at 11:50 am

  33. budd aka sidewinder says:

    Admin,
    Been a TBP follower since day one.
    Thanks so much for taking the time and energy to keep this site up and running. I know that goes without saying since you’re getting filthy rich off of it.
    I have shared your comment about wanting to be the revolution leader and in 200 years people will be drinking a beer named after you…..makes me giggle every time.
    I have a 25 yo daughter and 22 yo son. I am ashamed to be a member of the first generation who’s children will not be more successful than their parents. We have let our children and our country down by being so passive.
    The scorn being heaped on the protestors (‘Get a job’ is my favorite) is discouraging but at least it means they’ve got someone’s attention. I really don’t care how fragmented their agenda is. I’m just excited to see a group get off their ass and commit to SOMETHING.
    Proud of you!

    Well-loved. Like or Dislike: Thumb up 11 Thumb down 2

    2nd November 2011 at 12:04 pm

  34. Lee says:

    My age would classify me as a Boomer but I have more empathy for the Millennials than Boomers. I particularly like the Virtue, Valor, Competence path it has a ring about it which reminds me of the Battle Hymn of The Republic.

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 1

    2nd November 2011 at 12:07 pm

  35. Bob says:

    I’ll guarantee I know FAR more Millenials than you Admin, as this is my age cohort, and this rosy picture you paint of my generation is just about 180 degrees opposite what I’ve observed in my life. The Boomers are right on about us. We are their children, after all. I’d say they know us pretty well.

    “There are 19 million young people between the ages of 18 and 29 that are not working.”

    How many will call you a racist if you point out that we’re taking in 1 million new immigrants a year and this is a detriment to our nation? How many support affirmative action programs as an effort to right the wrongs of “historical injustice” and fail to connect the dots that when you elevate a person because of melanin content rather than merit, that slot is no longer open to them?

    It is a given with most of my generation that government is the most optimally placed institution to solve problems, whatever they may be. This group of people occupying Zucotti Park seeks to direct the institutions of power in the direction they see fit, not to abolish it. And you can rest assured there is a modern-day Robespierre lurking in their midst. It’s my opinion that if this movement gains momentum it will increase the power of government, not decrease it, and we’ll soon find ourselves longing for the days that our biggest gripe was that a few people have a whole shitload of money.

    Again, from the poll I posted yesterday:

    “Sixty-five percent say that government has a moral responsibility to guarantee all citizens access to affordable health care, a college education, and a secure retirement—no matter the cost. By a large margin (77 percent-22 percent), they support raising taxes on the wealthiest Americans, but 58 percent oppose raising taxes for everybody, with only 36 percent in favor. And by a close margin, protesters are divided on whether the bank bailouts were necessary (49 percent) or unnecessary (51 percent).”

    Also, 31 percent would support violence to achieve their agenda.

    http://www.commentarymagazine.com/2011/10/18/poll-ows-protesters-violence/

    Sixty-five percent support a command-and-control socialist economy, as that is what would be necessary to achieve health care, college, and a secure retirement for all. They don’t understand that the entire concept of “retirement” is a post-WWII aberration and that the overwhelming majority of humans in history have worked until they died unless they had family to support them in their old age. Their problem isn’t with the system, it’s that they’re butthurt they’re not benefitting from it as much as others. These are people who would rather make $30k when others are making $20k than make $60K when others are making $80k.

    “Fair” is a place you go to ride a Ferris wheel and eat cotton candy. It’s not life.

    Well-loved. Like or Dislike: Thumb up 23 Thumb down 12

    2nd November 2011 at 12:11 pm

  36. Administrator says:

    budd

    What can I say. I’m a filthy capitalist. Someone actually bought 5 WE’RE DOOMED mugs last week. That was the 1st sale from the TBP Store of Doom in 3 months. I ‘m still trying to figure out what I should do with my $5 cut of the profits.

    Well-loved. Like or Dislike: Thumb up 11 Thumb down 0

    2nd November 2011 at 12:15 pm

  37. budd aka sidewinder says:

    2/3 of a share of BAC stock

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 12:33 pm

  38. Stucky says:

    Hot chicks of Occupy Wall Street

    http://hotchicksofoccupywallstreet.tumblr.com/

    Sample pic from website …
    tumblr_ltkuaxKsyP1r4urrdo1_500.jpg

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 4

    2nd November 2011 at 12:39 pm

  39. Colma Rising says:

    Hahaha!

    Fools say they’re looking for handouts…. fools who undoubtedly made a killing on the biggest hand out in written history… the Fiat/Credit boom.

    Grumpy old farts glued to a chair in a cubicle, who haven’t been in a college classroom, enveloped in a bubble of charts and news feeds.

    Admin is my Patton. TBP is my go-to.

    I’m choosing the side that disdains corruption. I’m choosing the side that puts teamwork first. I’m choosing the side that inherits the future. I’m choosing the side with energy. I’m choosing the side that is up-beat. I’m choosing the side that isn’t a collective asshole.

    BBES

    Well-loved. Like or Dislike: Thumb up 15 Thumb down 4

    2nd November 2011 at 12:46 pm

  40. Stucky says:

    “It’s my opinion that if this movement gains momentum it will increase the power of government, not decrease it …” —— Bob

    I have thought the same thing (but have kept that opinion to myself). The above picture is an example. I’ve talked to a few people in Zuccotti Park, and the feelings expressed were very much for more government, not less.

    That being said, do they represent 100% of the movement? 50 percent? 25 percent? Who the hell knows? No one. That’s who.

    I don’t trust polls. Including yours. A poll can be constructed to say whatever the pollster wants it to say. Changing even a single word or the placement of a question can greatly affect the outcome. Pollster know this. I know it too and that’s why I don’t trust them. Every pollster has an agenda, and since I don’t know what that agenda is, why should I believe the results?

    Well-loved. Like or Dislike: Thumb up 17 Thumb down 0

    2nd November 2011 at 12:48 pm

  41. Colma Rising says:

    Robbie: You live in the East Bay?

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 12:56 pm

  42. budd aka sidewinder says:

    I don’t think the thought process behind her sign is ‘free shit’. I think the message is if you’re going to bail out the assholes that brought us this mess then what about the rest of us?

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 1

    2nd November 2011 at 12:59 pm

  43. Thinker says:

    Or at least find some way to restructure student loan debt, the way they restructure debt for mega-corps.

    Like or Dislike: Thumb up 4 Thumb down 0

    2nd November 2011 at 1:07 pm

  44. Bob says:

    Stucky-

    I agree with you about poll takers and gatherers of statistics in general. Lies, damned lies, and then statistics, as they say.

    But when two or three demands lists submitted by people who claim to be affiliated with OWS read like the Communist Manifesto, then a movement with no leadership manages to issue a statement saying “no no that’s not us,” polls taken at Zucotti Park, all point in the same direction, well if it looks, walks and quacks like a duck….

    I would say that you should probably trust your instincts. I do. And I know that based on what I’ve gathered from untold thousands of interactions with my fellow Millennials, if they had jobs they’d be updating their Facebook status on company time, want a month vacation from the outset, not to mention sick leave, full benefits, and Right Fucking Now. My wife tells me every day that her management is looking down on her for not working overtime like the other Millennial employees do. They don’t understand she doesn’t need to because she doesn’t fuck about all day long doing shit unrelated to work.

    Trust me my generation is shot through with malcontents and people with an extremely healthy entitlement complex. The unemployment rate in North Dakota is around 3 percent, but rather than go there and sleep in a park looking for a job they go to NYC to sleep in a park and bitch because it’s what all the cool kids are doing right now. It’s a fad for the overwhelming majority of these people. A place to see and be seen. Look at how some of those chicks on the webpage you posted are dressed. Would you hire a half-naked tattooed freak with all kinds of metal shit in her face? I wouldn’t.

    Well-loved. Like or Dislike: Thumb up 15 Thumb down 4

    2nd November 2011 at 1:11 pm

  45. Bob says:

    Budd-

    Yeah my point is the mentality should be “no bailouts period.”

    She’s too worried about what those people over there are getting that she’s not.

    That’s called an entitlement complex.

    I was 1000% opposed to the bank bailouts but that doesn’t mean that now I think I should be bailed out of my student debt and mortgage, because of principles.

    If they forgive student loan debt I am going to raise HOLY HELL because I’ve foregone so much shit, given up on my flying, driven a shitty Ford that’s falling apart, so I can meet my student debt obligations, and still managed to buy a house. My wife and I decided we were only going to live a lifestyle that one income could support so if something happened to one of us we wouldn’t be fucked financially.

    When we had a kid and my job was about to RIF me at the same time it worked out for us. I take care of the kid and work part-time. Bills still get paid. For the Millennials out there, this is called foresight and responsibility. I ask for no handouts and would do crime before I’d receive any. There’s not a big difference between stealing and receiving handouts anyway, no matter who you are.

    So when some chick with a $500 camera is holding a sign suggesting “what about me” it doesn’t make my heart bleed.

    Well-loved. Like or Dislike: Thumb up 12 Thumb down 5

    2nd November 2011 at 1:16 pm

  46. Administrator says:

    Bob

    My wife used a $100 camera to take the pictures at Zucatti Park when I was there. Could you please enlighten us about how you know the camera that took that picture was a $500 camera? How do you know it was the chick’s camera? You reveal much about yourself by your comments.

    Hot debate. What do you think? Thumb up 9 Thumb down 11

    2nd November 2011 at 1:20 pm

  47. budd aka sidewinder says:

    Bob,
    I get it. You and I are from a different time and place than these kids. I hate to make a generalization about one person or an entire movement based on a picture. Yeah she could be a stupid valley girl that’s there so she can post pics on her Facebook page. Both her parents could also be dead and co-signers on her loan or her dad is a barber that recently had to close his shop due to the bad economy and she’s tried to renegotiate the terms of her student loans and been told ‘fuck you. pay me’.
    That’s one of the things I’m struggling with regarding the protestors. Whatever coverage you see is going to be slanted toward the message and attitude the presenter is trying to convey. I think until we’ve spent some time up there on the ground it’s hard to make generalizations about what’s going on based on 3rd party coverage.

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    2nd November 2011 at 1:27 pm

  48. damon says:

    Good article. Seems to me, however, that history is a helix, a linear series of cycles. Linear and cyclical are not necessariliy oppositional. Generational factors are strong, but within other non-generational, non-cyclical sub contexts which are within the largest context of existence itself, which is also motional and not under human control.

    We all at least start most naturally wanting “life” for ourselves and our own, and then later, perhaps, at least on on principle, for everyone. Justice may be summed up as the operation of life for all ( some form of ‘the golden rule’). However when injustice seems apparent, redress and restitution are desired and sought. This requires applied energy and usually a laying aside of peripherals to hopefully alter the unjust status quo. The danger here is the turning of issues into mere slogans that virtualize reality into a mythology for the purpose of generating social energy.

    There truly was injustice towards Germany because of the cultural vengeance of the western powers at Versailles after WW1. The logic of the German Nazi ‘hero generation’s’ philosophical virtual reality was that they had to take over the world in order to establish their vision of justice and to protect themselves.

    One of the siginificant cross-generational and non-generational realities is psychopathy. Jesse helpfully posted this a few weeks ago.

    http://jessescrossroadscafe.blogspot.com/search?q=psychopath

    Each generation must be vigilant of it’s own psychopaths and not just the ones who have ascended into the realms of power before them. This is the reality of what the Constitution of the Republic of these United States of America had wisely been formatted to do ( with a few notable shortcomings). Few understand the great knowledge that the author’s had of the ‘psychopathy’ of the English Monarchy and parliament, and particularly the ‘money powers’ in Britain and Europe.

    Notably in Jesse’s post psychopathy is strongly genetically linked. Could this be why ‘money power’ linked to government has historically been multi-generational and strongly familial?

    Well-loved. Like or Dislike: Thumb up 11 Thumb down 0

    2nd November 2011 at 1:29 pm

  49. Bob says:

    Who the fuck cares if it’s actually a $200 or $300 camera instead of $500? Does that change the point that she could have made a student loan payment instead of buying a fancy camera and getting her nails done? And who else’s camera would it be? Do you routinely step out with electronics that don’t belong to you? For Christ’s sake out of all that I’ve written here today you choose to nitpick the retail price of consumer electronics. That is rather revealing as well.

    Much is also revealed about a person who wants to be the leader of a revolution and have people drink beer named after him in 200 years, but I try to avoid denigrating people personally in debate even when it’s an issue in which I’m heavily emotionally invested, as you are with OWS.

    Hot debate. What do you think? Thumb up 12 Thumb down 9

    2nd November 2011 at 1:32 pm

  50. Bob says:

    Budd-

    I’m 29. I’m from the EXACT same place as these protesters and I’m not all fucked up with no options because I didn’t make bad decisions. My sister dumped low six figures in to becoming a teacher. I tried to tell her not to. She said I was just mad because she was going to be the first in the family to graduate from college.

    She doesn’t say that anymore.

    Well-loved. Like or Dislike: Thumb up 11 Thumb down 3

    2nd November 2011 at 1:34 pm

  51. Administrator says:

    Sounds like Bobby has some real anger issues towards his sister.

    We took pictures of other people holding up signs with our camera. We then posted them on my website. I’m actually pretty sure it isn’t her camera. Your vitriol towards someone you don’t know is quite revealing.

    Much is revealed by someone who can’t tell the diffence between a joke and reality.

    Maybe if you had gone to college like me, you wouldn’t be such an ignorant dullard.

    Hot debate. What do you think? Thumb up 7 Thumb down 11

    2nd November 2011 at 1:40 pm

  52. thc0655 says:

    Here’s an angle infused with promise and danger: It seems to me that the OWS movement has so far been an emotional reaction to what’s wrong. They’re trying to work on the intellectual side, but being people who primarily make decisions based on emotion it’s slow and difficult (partly because they don’t want to hurt anyone’s feelings in the process!). That’s promising because they may get the content right eventually, no matter how many goofy ideas they have right now (most of which I suspect are not backed by much conviction and could be changed fairly easily with the right “education”). The danger is that someone with all their own content worked out (like a Hitler, a Stalin, a McCarthy) could weasel his/her way in, capture their hearts and feed them his/her demonic content. I don’t like our odds for a good outcome.

    Well-loved. Like or Dislike: Thumb up 11 Thumb down 0

    2nd November 2011 at 1:41 pm

  53. Administrator says:

    thc0655

    The danger you site is very real, especially when the financial system goes down for the count. The Weimar Republic is an example of what economic hardship leads to.

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    2nd November 2011 at 1:56 pm

  54. Bob says:

    So there’s no way I can know it’s her camera, but you can be pretty sure it’s not.

    “You reveal much about yourself by your comments”.

    “Your vitriol towards someone you don’t know is quite revealing.”

    You are the undisputed king of projection my friend. You’re kind to me when I agree with you and nastier than hell when I dont. You like your ego stroked and don’t long suffer people who disagree with you. I understand that this is your little kingdom and are free to lord over it as you wish, but I’m not going to be one of the TBP fawning pole smokers. When you say something I disagree with I’m going to let you know and if you were this intellectual heavyweight you’d offer concrete debate rather than nitpick numbers. This is the second time you’ve tried this with me.

    You don’t know every goddam thing and I’m growing quite tired of being called an idiot and ignorant dullard by a collection of people who do shit like paint ridiculously inaccurate pictures of an entire generation based on their extreme emotional investment in a movement populated by them, then accuse others of making unsupported generalizations with no facts when the opinion doesn’t jibe with yours.

    And don’t give me your college-graduate “appeal to authority” bullshit. It smacks of elitism. You’re the one that invited me to hang around here, don’t forget that.

    Well-loved. Like or Dislike: Thumb up 14 Thumb down 8

    2nd November 2011 at 1:56 pm

  55. Stucky says:

    Bob

    Good comments.

    I have two Millennial sons younger than you. Two years apart. One is responsible. One is part of the Free Shit Army. They were both raised the same way. Funny, how shit works sometimes. Point is that some paint with too broad a brush … trying to lump an entire generation into some type of category.

    Can a dog give birth to a cat?
    Can a bird give birth to a snake?
    Can a lion give birth to a zebra?
    Likewise, can a Boomer give birth to anything except a young little mini-Boomer?

    I think Francis (at 11:50) makes a terrific point;

    “The Millennials …. (are) just an echo of the Boomers, their parents. The real Heroes will be the ones entering their teenage years after the housing bubble, after the disappointment of Obama. They’ll be the ones ready to do the work, because they’ve always lived in a world that didn’t give them much.”

    Well-loved. Like or Dislike: Thumb up 14 Thumb down 1

    2nd November 2011 at 2:04 pm

  56. budd aka sidewinder says:

    Bob,
    How do you know she’s not making her student loan payments? If she looked like a homeless person and her fingernails looked like wolf claws then you would probably be judging her on her appearance and calling her a bum.
    It just sounds to me like you are bought into the current status quo and no matter what the protestors do, say, or look like then you will criticize them.

    I think Quinn’s Pale Ale sounds like a great idea.

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 4

    2nd November 2011 at 2:06 pm

  57. Administrator says:

    Bob

    Don’t give yourself too much credit. I generally ignore your comments, until you go ape shit like today. Then I pull your chain and make you foam at the mouth. I’ll just ignore your emotional rants and concentrate on the comments from people making sense.

    Hot debate. What do you think? Thumb up 10 Thumb down 11

    2nd November 2011 at 2:06 pm

  58. Stucky says:

    Bob

    Lemme tell ya how to play here on TBP.

    Shit-throwing is part and parcel of being on TBP. We sometimes don’t like differing opinions.

    The WORST thing one can do is to COMPLAIN about being insulted. This only invites further insults.

    You’d befar better off telling Admin something like; “You’re a fucking maroon who can’t find his own ass with both hands.” This will almost assure you Big Dog status, plus a few thumbs up. Pussies are not well tolerated.

    Hint: If you really want to piss Admin off just tell him Peak Oil is bullshit. Mention abiotic oil. I need some more supporters on that.

    Well-loved. Like or Dislike: Thumb up 19 Thumb down 0

    2nd November 2011 at 2:12 pm

  59. Dragline says:

    “You don’t know every goddam thing and I’m growing quite tired of being called an idiot and ignorant dullard by a collection of people who do shit . . .”

    Um, you don’t need to be here. Really — you don’t. It’s ok.

    Go find a place where everyone thinks the same as you — you’ll be much happier there, I think.

    Like or Dislike: Thumb up 3 Thumb down 3

    2nd November 2011 at 2:19 pm

  60. Bob says:

    You got personal first buddy. That’s what brings out the ape shitness. The solution is not to fuck with the monkeys if you don’t want shit to fly. You can’t dispute what I’m saying but to acknowledge this would put leaks in your OWS ark. So you get nasty because that’s your only avenue available. I’m on to you bozo.

    Stucky seems to think I make at least a little bit of sense. We must both be emotional ranting idiots.

    You don’t seem to like Millennial passion when it’s not harnessed in the direction you think it should be. I’m pissed off because I have two Boomer parents who haven’t saved shit and two sisters with about a quarter million in student debt. Who’s problem do you think that’s going to be? Wouldn’t you be angry? But my rage is unwarranted because it doesn’t fit your narrow narrative. OWS is just like Obama. It’s spectacularly vague but just specific enough to suck in people with a bone to pick. People make it into what they want it to be. You’re no different.

    Hot debate. What do you think? Thumb up 11 Thumb down 7

    2nd November 2011 at 2:20 pm

  61. Administrator says:

    I’ve done a thorough investigation. Here is what I’ve found out:

    1. The camera was really a $750 Nikon
    2. The chick does own the camera. To my horror, she also owns an iPod and has a Facebook page. She even eats out occasionally rather than make her student loan payment.
    3. She has her nails done twice a week and she pays using her parents’ credit card.
    4. She’s a registered Democrat.
    5. Her major in college was gender studies.
    6. Her favorite TV show is Dancing With the Stars

    I hope this has cleared up any confusion and surely refutes everything I’ve said in the article.

    Well-loved. Like or Dislike: Thumb up 13 Thumb down 2

    2nd November 2011 at 2:21 pm

  62. windhorse2000 says:

    Jim,…..a truly great write, particularly considering the enormity of the subject matter and it’s complexity. Most focused, clear, and efficient writting I’ve seen in a while. Inspirational!
    I ended up here from (ZH). Keep up the good work.

    Oh! I’d like to print this out and give it to several friends, if its OK? Again, thank you for a great piece of Journalism

    Like or Dislike: Thumb up 5 Thumb down 1

    2nd November 2011 at 2:22 pm

  63. Bob says:

    I am telling him he’s a fucking maroon I just do it with a little more eloquence.

    Abiotic oil now that’s funny, I was saving that one for a rainy day……

    Hot debate. What do you think? Thumb up 6 Thumb down 7

    2nd November 2011 at 2:23 pm

  64. Administrator says:

    windhorse2000

    Print it out and distribute it to your hearts delight. Just don’t send a copy to Bob.

    Like or Dislike: Thumb up 3 Thumb down 1

    2nd November 2011 at 2:26 pm

  65. Administrator says:

    Bob really angry at Mom, Dad, Sister, Girls in Pictures, Millennial Generation, college Graduates, people who are better looking than him, and Administrator. Anyone I’ve left out?

    Angry-man-001.jpg

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 3

    2nd November 2011 at 2:28 pm

  66. Thinker says:

    Yeah, I think you can add Obama to that list.

    Like or Dislike: Thumb up 2 Thumb down 1

    2nd November 2011 at 2:30 pm

  67. Administrator says:

    Stuck

    This is more fun than posting pictures of dead Muslim children to piss you off. I wonder if Bob is going to come to my house and beat me up.

    Like or Dislike: Thumb up 3 Thumb down 1

    2nd November 2011 at 2:31 pm

  68. Bob says:

    Jim

    I love this website. I love your passion. I extend to you an olive branch as I try to see things from your point of view.

    Is this it?
    head+up+the+ass.jpg

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 0

    2nd November 2011 at 2:36 pm

  69. Bob says:

    I’m more handsome and have more hair than that guy. Actually you did forget my stepfather, grandparents, the Catholic Church, Thinker remembered Obama for you, college graduates no I tend to get plenty of lulz from them as they wallow in debt and wage slavery. There are certainly others I’ll have to mull it over a little though, some objects of my ire shift to the back burner.

    I kinda forgot about how TBP operates as I’ve been unable to devote much time to it between my kid, this being the busy season in my industry, and getting my business off the ground, as every ignorant dullard college-dropout rage-crazed moron is doing.

    Thanks to Stucky for getting me back on the path.

    Well-loved. Like or Dislike: Thumb up 13 Thumb down 1

    2nd November 2011 at 2:38 pm

  70. Stucky says:

    Well done Bob!! You’re a fast learner.

    Jimmeh … lol. We’ve come a long from those days, my friend.

    Those were the days my friend
    We’d thought they’d never end
    We’d sing and dance
    Forever and a day

    We’d live the life we’d choose
    We’d fight and NEVER LOSE
    Fore we were young
    And sure to have our way

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0

    2nd November 2011 at 2:40 pm

  71. Stucky says:

    Bob

    You have been doppleganged by the best fuckin’ doppleganger on TBP. Me!!

    Glad I was able to help straighten you out. NEVER take shit personally here and you’ll be fine.

    Stick around young fella. Post more often when you can. I don’t always agree with them but they are well reasoned. One can’t ask for more than that.

    Well-loved. Like or Dislike: Thumb up 11 Thumb down 1

    2nd November 2011 at 2:46 pm

  72. Administrator says:

    Busy season in Bob’s industry

    Crops1004.1317828272.jpg

    Like or Dislike: Thumb up 4 Thumb down 2

    2nd November 2011 at 2:47 pm

  73. Chattam Police says:

    Stuck

    I swear to God, if you motherfuck the police one more time we’ll be sending a predator drone to pay you a visit. We know where you live.

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 1

    2nd November 2011 at 2:50 pm

  74. Bob says:

    Even my kid laughed at that. It’s a more honorable profession than mine though. I’m a bigger piece of shit than bankers and politicians.

    Like or Dislike: Thumb up 3 Thumb down 1

    2nd November 2011 at 2:50 pm

  75. Bob says:

    How do you change your avatar? You may be dethroned if I figure that out.

    Like or Dislike: Thumb up 1 Thumb down 1

    2nd November 2011 at 2:52 pm

  76. Thinker says:

    You must be an Ad man, then.

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 2:55 pm

  77. Smokey says:

    I did that chick. She begged for mercy after experiencing my 11 1/2 inch python.

    The article is nothing but specious drivel.

    RPES

    Like or Dislike: Thumb up 5 Thumb down 2

    2nd November 2011 at 2:55 pm

  78. Stucky says:

    Bob

    Serious question. What kind of business are you trying to get off the ground?

    It’s OK if you’d rather not reveal personal info. Me? I pretty much spill the beans regarding many areas of my life.

    Like or Dislike: Thumb up 3 Thumb down 0

    2nd November 2011 at 2:55 pm

  79. Bob says:

    Thinker-

    It’s worse than that. I make junk mail.

    Like or Dislike: Thumb up 3 Thumb down 1

    2nd November 2011 at 2:58 pm

  80. Bob says:

    I’m trying to go solo with it but I’m late for this year. Most of the money is made between now and spring time, and most people have already chosen graphic design, printing and mail houses for this year’s campaigns.

    Like or Dislike: Thumb up 1 Thumb down 1

    2nd November 2011 at 3:00 pm

  81. Thinker says:

    Jim, interested in your take on this: The Real Story Behind “Rising” U.S. Income Inequality

    “In short, it’s those social processes, which have driven demographic changes within U.S. households, that are almost exclusively behind the observed increase in family and household income inequality observed in the U.S. since the 1960s.”

    Like or Dislike: Thumb up 2 Thumb down 0

    2nd November 2011 at 3:14 pm

  82. Administrator says:

    Thinker

    I read it and all he did was say how he had proved that their is no income inequality. I saw no proof. I saw no facts to back up his claims. It strikes me as a propaganda piece put out there by the .1% to confuse the public.

    We all know the average person has fallen behind. To argue that it hasn’t happened is just outright lying.

    Show me the proof.

    Well-loved. Like or Dislike: Thumb up 5 Thumb down 0

    2nd November 2011 at 3:22 pm

  83. Thinker says:

    Kind of what I thought, too. But found it odd that someone would blame families/households for “creating their own inequality.” Reeks of someone trying to spin the attention away from the bankers.

    Like or Dislike: Thumb up 2 Thumb down 0

    2nd November 2011 at 3:36 pm

  84. Colma Rising says:

    You know, it’s kind of funny how kids having to live with their folks are ridiculed when it wasn’t long before WW2 that this was the norm for the common American. Get used to it, folks… the past 80 years has been so far from the norm that the return of a three-generation household WILL be a reality.

    Roomates too.

    Did I mention that BBES?

    I can’t believe how fucking spoiled Howdy-Doody fans can’t put the pieces of history together.

    Well-loved. Like or Dislike: Thumb up 13 Thumb down 0

    2nd November 2011 at 3:38 pm

  85. Stucky says:

    I am somewhat reticent to post a lengthy article in the middle of Jim’s awesome thread.

    However, it does have a 4th Turning “feel” to it … that something big is about to happen.

    Jim and I have both been to Zuccotti Park and noted the relative low numbers of blacks in attendance. I have wondered why that is so. Big banker and government policies have arguably hurt blacks more than any other ethnic group. No good can come from turning people into free-shit-zombies dependent on the morsels given to them by their “masters”. Where is the outrage??? Why aren’t they Occupying en masse?? Where are their leaders?

    Well, maybe all those questions are about to be answered. The article below is by Glen For, executive editor of the Black Agenda Report. Is this the start of a game changer?

    ================================================================== =

    Power to the people!

    Say it like you mean it, because most of us have not been acting in the spirit of All Power to the People for a very long time.

    For decades, we have been acting under the illusion that we could empower Black people by sending Black elected officials to the city council and the state legislature – and finally putting one in the White House – only to find that their philosophy of politics was: All Power To Those Who Already Have Power.

    All Power to the Banks, to the Real Estate Developers; All Power to the Plutocrats, and to the Pentagon. That’s what has become of our Black Power, in the hands of our Black elected officials. All Power to a President who uses his power to send $16 trillion dollars to Wall Street – and not just banks on Wall Street, but to banks in France, and Great Britain, and Belgium and Switzerland. But not dime to bail out Harlem, and all the Harlems of this country.

    There comes a time of awakening. We are now in that time – although some Black folks are not yet awake. Our job is to wake our people up, so that we don’t sleep through this moment.

    The young people that began this Occupation Movement less than two months ago are not “us,” but they have done all of us a great service. They have shouted out the name and address of the enemy – the enemy of all humanity. The enemy’s name is Finance Capital, and the address is Wall Street, and that is the truth.

    But there are some who try to confuse our folks about this essential truth. They want to obscure the fact that Finance Capital is the greatest danger to everyone on this planet, from those of us sitting right here in this church, to the Black people of Libya who are being hunted down like animals, this very evening, by forces that the U.S. Government has empowered. Finance Capital – Wall Street – wants to seize and corner every market and every resource in the world, from the land that we stand on here in Harlem, to the oil under the land, in Libya. We need to be focused on that central truth.

    We need to stop listening to those who say we shouldn’t be associating with those white Occupation people; that those white kids don’t speak for us. Well, that’s right. They don’t speak for us; we have to speak for ourselves. Their presence downtown is a challenge to us to speak up against a Wall Street that has done more damage to Black America than to anyone else in the country. That is our obligation, and we must meet it. We owe that to the ancestors.

    In 1847, Frederick Douglass published the first issue of his newspaper, the North Star. Douglass was a star of the mostly white-led Abolition Movement. The white abolitionists already had a newspaper. It was called The Liberator, run by William Lloyd Garrison, who was a friend and often an ally of Frederick Douglass. Many of the white Abolitionists of the era were upset. Why did Frederick Douglass – who was only 29 years old at the time – think it was necessary to set up his own newspaper. Douglass answered that question on the masthead of his new paper. He said: “The man who has suffered the wrong is the man to demand the redress—the man who is struck is the man to CRY OUT…!”

    It was the slave and his nominally free brothers and sisters who were the primary victims of the slave system. Therefore, they must be first and loudest in CRYING OUT. They needed their own paper, for their own Black Abolitionist Movement. Frederick Douglass did not split with the white Abolitionists. Instead, he created a center, a focus, for mobilizing free and slave Blacks to speak in their own voices for their own freedom – as defined by themselves. But he remained the closest comrade to every white abolitionist that fought for the cause – or died for it, like John Brown.

    If Frederick Douglass were alive today, he would survey the political and economic scene and declare that Black people should be the first to CRY OUT against the rule of Wall Street, the rule of Finance Capital.
    The foreclosure crisis was already wiping out Black homeowners by 2005, two years before the problem became general enough to be recognized as a national problem.

    We were the first and worst victims of Wall Streets housing crimes, but our leaders did not CRY OUT – certainly not loud enough to make a difference. And because of that, Black household wealth was set back decades, long before the onset of the financial meltdown in the Autumn of 2008.

    Some of you should remember that candidate Barack Obama took the most pro-Wall Street position of all the Democratic candidates in early 2008. John Edwards called for a mandatory moratorium on home foreclosures. Hillary Clinton wanted a voluntary moratorium. But Barack Obama opposed any moratorium on foreclosures. He said “the markets” ought to work the problem out on their own. He was working for Wall Street then, and he didn’t even have the job, yet. And he’s been working for them ever since. Just like Bill Clinton worked for Wall Street.

    Black people were the FIRST to be STRUCK by Clinton’s policies. His NAFTA Treaty stole what was left of our good manufacturing jobs. His Welfare Reform fell disproportionately on Black mothers and children. He imprisoned more of us than any other president. And when he left the White House, he made sure that the Glass-Steagall Act, which had been in place since the Great Depression, was repealed. Bill Clinton set the stage for the Great Recession, and for the economic destruction of Black America. But we did not CRY OUT.

    When Clinton’s political twin, Barack Obama, entered the White House with the same Clinton Wall Street crew, we did cry – with tears of joy. Obama couldn’t even wait to get into the White House, before announcing – two weeks before he took the oath of office – that he would be putting Social Security, Medicare and Medicaid and all the other programs of the New Deal and the Great Society “on the table” for dismemberment. But we didn’t CRY OUT.

    Instead, we allowed him to do his dance with the Republicans for almost three years, as our communities crumbled around us – or as we were gentrified out of our communities.

    And now, some white kids are pointing the finger at Obama’s masters. They’re saying that Wall Street is the problem, that they control the whole political system, including Obama and his White House. Including Charlie Rangel and his fat cat benefactors. Including most of the traditional Black organizations, and the entire Black Misleadership Class. They’re all bought and paid for by Wall Street. Yet, still there are some of us that say, What are those white kids talking about? Quite simply, they’re talking about the dictatorship of Wall Street. What are you talking about?

    Don’t worry about whether these white kids have our interests in mind. The question is: What do we have in mind. What are we going to do about the power of Wall Street? What? Vote for Obama?

    Obama is not thinking about Black people, because he’s confident he has us in his pocket. What he’s thinking about is how to get a billion campaign dollars from the finance capitalists – the same finance capitalists his government has given at least 16 billion dollars since coming into office. And he’ll get it, because a deal is a deal, and he long ago cut his deal. Black people were never a part of any deal – because we did not CRY OUT.

    But it’s way past time for deals. No wheeling and dealing can save this system. The people’s job is to save themselves, and that can only happen through organizing for our economic and political defense.
    So, we have decisions to make. We can seize the time, at what may be a momentous point in history – or we can dibble and quibble about what’s going on in other people’s minds downtown in Zuccotti Park.
    We have to get our own minds right – and move something!

    But, whatever we do – or don’t do – this system is on the way to collapse. The crises come with accelerating frequency and deepening severity. I like to think of it as an old car. The transmission is gone, the wiring is shot, and the engine is about to throw a rod. We don’t know when this car is going to stop, but it will be sometime soon, and it won’t start up again.

    But, it’s worse than that, because this car has a bomb in it. It’s called derivatives. When the meltdown occurred in September of ’08, there were derivatives hovering over the world economy valued at 600 to 1,000 trillion dollars. Today, under Obama, with all his bragging about his phony financial reform there are still at least 600 trillion dollars in derivatives looming over us. They are in the process of imploding. And when they do, we had better be a hundred times more organized than we are now, and armed with a vision of the world that we want to build.

    That must be our PREOCCUPATION, from this moment on.

    Power to the People.

    BAR executive editor Glen Ford can be contact at Glen.Ford@BlackAgendaReport.com.

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 1

    2nd November 2011 at 3:46 pm

  86. howard in nyc says:

    Hope you got your things together.
    Hope you are quite prepared to die.
    Looks like we’re in for nasty weather.
    One eye is taken for an eye.

    ____

    one of my all-time fav song verses. used to walk around high school singing that. (usually before a big game–my psyche up music was CCR and the temptations mostly.)

    great article quinn. as usual. i’ve come to expect nothing less.

    i just listened to the ben bernanck spew his self-delusional bs and the business reporters all lap it up. comic relief. i’ll jump into the fray here later tonight.

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0

    2nd November 2011 at 3:47 pm

  87. Bob says:

    Stucky asks-

    Where is the outrage??? Why aren’t they Occupying en masse?? Where are their leaders?

    “The young people that began this Occupation Movement less than two months ago are not ‘us’ ”

    There’s your answer right there.

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 3:51 pm

  88. Uncle Ben says:

    Why is it that nobody mentions…
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .

    ….da JEWS!!!!!!
    which is the first half of the problem….
    They and their tribal cohorts are THE ONES IN CONTROL of all centers of powers in the u.s. – and world and have designed and orchestrated this take down for their own benefit.
    Willful Ignorance of the masses is the other half of the problem, BUT…with the advent of the internet, there CAN NOT be any excuses to NOT KNOWING THE CAUSES.

    [If you KNOW the cause, you have the opportunity to fix it]

    Hot debate. What do you think? Thumb up 4 Thumb down 16

    2nd November 2011 at 3:54 pm

  89. Bob says:

    Good post Uncle Ben.

    First Mossad blew up the World Trade Center while making it look like it was terrorists in airliners, then they motherfucked our financial system.

    Hot debate. What do you think? Thumb up 1 Thumb down 12

    2nd November 2011 at 3:57 pm

  90. Administrator says:

    The Free Shit Army (Black, White, Senior Citizens) are not protesting on Wall Street because they are still getting their free shit. It’s really that simple.

    Well-loved. Like or Dislike: Thumb up 9 Thumb down 1

    2nd November 2011 at 4:06 pm

  91. Pirate Jo says:

    For crying out loud. That chick’s sign says ‘Bail out Students.’ Bob is right. I have no good reason to think that as American society’s entitlement mentality has continued to grow over the last fifty years that for some reason THIS generation is going to be a bunch of libertarians. I’m not negative, but I think the truth is. I’ve never been so glad in my life that I didn’t have kids.

    Like or Dislike: Thumb up 5 Thumb down 2

    2nd November 2011 at 4:07 pm

  92. Administrator says:

    Uncle Ben

    How do we fix the JEW “problem”? This should be good.

    Like or Dislike: Thumb up 5 Thumb down 2

    2nd November 2011 at 4:08 pm

  93. Administrator says:

    Bob

    Don’t dopplegang me. I’m all powerful.

    Like or Dislike: Thumb up 3 Thumb down 0

    2nd November 2011 at 4:09 pm

  94. Bob says:

    Oh come on, that was a good one for a first-timer….

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 4:12 pm

  95. Oleander9 says:

    http://www.youtube.com/watch?v=eFTLKWw542g&ob=av2e

    The solution (so far) is stand there and bitch and moan and procrastinate…
    while the bastards burn the world into oblivion…and laugh.

    Nobody wants to say it.
    Kill them.
    It’s just that simple.

    They sure as hell are killing you.

    Like or Dislike: Thumb up 0 Thumb down 6

    2nd November 2011 at 4:43 pm

  96. Colma Rising says:

    Oh my, I love whe ZH picks up a post so I can view the parade of retards like Uncle Ben.

    Pirate Jo: Don’t get me started. That boomer cur Smokey won’t be here to save you. Repent your ways and chant “Baby Boomers Eat Shit”.

    You too, Bob…

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 2

    2nd November 2011 at 4:55 pm

  97. Muck About says:

    Good article JQ. Reminds me of RE’s never ending efforts in ways – except that you made your point and he almost never did.

    Anecdote: We have a yard service that cuts the grass, weedies the weeds and edges my sweeties flower beds.. The owner thereof – a nice young man of 30-something – is about to lose his mind trying to find help. One week, he’ll show up with a 16 year old on summer vacation and the kids gone my 10 AM.. Next comes a 20 year old college dropout, worked two days, complained it was too hot and quit. Along comes a 22 year female who lasted 4 hours. I shit you not, this goes on week after week and he simply can’t find anyone who is willing to work a days work for a good days pay – I mean, he’ll train someone and pay them $12/hr and after a month, he kicks it up to $16 and hour. If they learn and pick up some extras like hedge trimming, cleaning out flower beds, learns how to fix the small engines used in the weed whacker and edger, he’d pay them $18 a hour.

    Out of close to two dozen people he’s gone through this year, NOT ONE would get his/her fingers dirty working on the small engines. NOT ONE!! Now $18/hr is significantly better than FSA wages for unemployment but no one wants it. Mechanic_Working_on_a_Small_Engine_Royalty_Free_Clipart_Picture_100310-202371-454042.jpg&w=100&h=98&ei=UK-xToboBtG3tgfz7sCqAg&zoom=1

    I don’t understand it.

    But then I’m one of the Senior Citizens, Admin referred too about about being in the Free Shit Army. Perhaps it warps my view..

    MA

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 1

    2nd November 2011 at 5:02 pm

  98. Administrator says:

    Muck

    You didn’t read my Editor’s Note. The article and my comments do not apply to people who regularly read this blog.

    Like or Dislike: Thumb up 3 Thumb down 1

    2nd November 2011 at 5:07 pm

  99. Bob says:

    Colma,

    Where do you think my generation learned to eat shit in the first place?

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 5:46 pm

  100. Bob says:

    Muck-

    My dad does commercial property maintenance and runs into the same problem. They’re calling their moms to come get them by lunch time. It damned near kills them, not to mention puts a hell of a damper on upping their Call of Duty scores.

    Hell I’d quit junk mail and do yard work and fix engines for $18 an hour. I actually enjoy that stuff.

    Like or Dislike: Thumb up 4 Thumb down 0

    2nd November 2011 at 5:49 pm

  101. llpoh says:

    Admin – thanks for the article. You often bring up income/wealth disparity. I have given this a lot of thought lately, and cannot see a solution. You show US vs Germany as an illustration. Germany has a much stronger manufacturing base, and my suspicion is that that creates somehwat more income equality. Bottom 80% (Germany) owning under 20% of the wealth isn’t an especially equal situation. I will post an article shortly trying to summarize my position. Hopefully people will be able to educate me a bit.

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 5:58 pm

  102. Thinker says:

    llpoh, as you’re writing your article, you may want to look into the newly-released ranking of world nations from the UN Development Index. It ranks the U.S. as 4th in terms of overall “best country to live in,” yet we fall to 23rd when considerations like opportunity, wealth inequality and health measures (among others) are taken into effect.

    One needs to hold the methodology suspect — as with anything — but it may help to refine your thinking about how wealth inequality is measured around the world and how it impacts overall quality of life for a nation’s citizens.

    Inequality dents U.S. rank in U.N. development index

    Like or Dislike: Thumb up 3 Thumb down 0

    2nd November 2011 at 6:11 pm

  103. howard in nyc says:

    llpoh, recently you posted something like you didn’t think avoiding income disparity was possible, or reversible, or something like that, i don’t remember.

    and i haven’t looked up the actual facts and data to support what i am about to state. but why should i let that stop me now?

    i’m pretty sure in the united states we had a relatively big disparity in income between the top and the bottom, around the turn of the 20th century.

    then it narrowed. substantially.

    then it widened again.

    (even when you account for the drastic change in fortunes of black people over the civil rights era.)

    if that is not factual, i apologize. but i am pretty confident it is accurate, and i hope you consider these two trends. (or the one trend, which sharply reversed).

    and if i am wrong and it is not factual, i look forward to being corrected. (heh, quite colorfully and harshly corrected.)

    Like or Dislike: Thumb up 0 Thumb down 0

    2nd November 2011 at 6:33 pm

  104. Thinker says:

    You are correct, Howard. In fact, disparities in wealth have always been precursors to 4th Turnings. The book has quite a lot of material on that.

    (I know, I know… you’ll get around to reading it)

    Like or Dislike: Thumb up 4 Thumb down 0

    2nd November 2011 at 6:36 pm

  105. Pirate Jo says:

    CR: “Pirate Jo: Don’t get me started. That boomer cur Smokey won’t be here to save you. Repent your ways and chant “Baby Boomers Eat Shit”.”

    My comment wasn’t related to any specific generation. I was referring to the misplaced sense of entitlement many Americans have. It started long before I was born, has only gotten bigger, and I don’t see that trend reversing. I’m not talking about just the poor people in the FSA – the government has spent a lot of money bailing out rich people, too. But I think Bob is onto something when he says the current generation isn’t wanting to get rid of the system itself and replace it with something libertarian. Look around – spanning all generations, we are not surrounded by libertarians. I think this crop just wants its own share of the bailouts, like the girl demanding a free education.

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 0

    2nd November 2011 at 6:38 pm

  106. howard in nyc says:

    i do vaguely remember that point from when i first read the book, years ago.

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 6:46 pm

  107. llpoh says:

    Howard – I believe you are correct. The shift, in my opinion, was a result of the blossoming of manufacturing as a replacement for agriculture. Manufacturing provided well paid employment for great numbers of people. Manufacturing was much better paid than was agriculture. We have now lost much of that well paid manufacturing base, and have replaced it (when it has been replaced at all) with low paid work at Walmart.

    Like or Dislike: Thumb up 4 Thumb down 0

    2nd November 2011 at 6:48 pm

  108. howard in nyc says:

    oh, got it.

    i completely missed that you were making that point. i thought you were ascribing the recent shift to a political reason.

    thanks. interesting point.

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 7:42 pm

  109. howard in nyc says:

    (i don’t agree. so don’t get your panties all wet. but it is interesting and worthy of thought and consideration.)

    Like or Dislike: Thumb up 0 Thumb down 0

    2nd November 2011 at 7:44 pm

  110. LLPOH says:

    You don’t agree? You don’t agree? I really hope you intended that comment for someone else.

    Like or Dislike: Thumb up 0 Thumb down 0

    2nd November 2011 at 7:48 pm

  111. LLPOH says:

    Howard – I quickly found this quote, but have not fully vetted it for accuracy. However, it seems about right. In under 50 years, manufacturing has dropped from 55% of the economy to under 10 percent. Huge numbers of high paying jobs have been destroyed, and those that have been replaced at all have largely been replaced by low paid service work. We are truly fucked.

    For over a half century, American manufacturing has dominated the globe. It turned the tide in World War ii and hastened the defeat of Nazi Germany; it subsequently helped rebuild Europe and Japan; it enabled the United States to outlast the Soviet empire in the Cold War. At the same time, it met all the material needs of the American people.

    “During this period, many American icons were born. Companies like General Motors, Ford, Boeing, Maytag and Levi Strauss became household names. American manufacturing became synonymous with quality and ingenuity.

    On the back of this industrial output rose America’s middle class. High-paying manufacturing jobs, in turn, helped spur a robust and growing economy that depended little on foreign nations for manufactured goods and armaments.

    However, manufacturing as a share of the economy has been plummeting. In 1965, manufacturing accounted for 53 percent of the economy. By 1988 it only accounted for 39 percent, and in 2004, it accounted for just 9 percent.”

    Like or Dislike: Thumb up 4 Thumb down 0

    2nd November 2011 at 7:54 pm

  112. Administrator says:

    LLPOH

    Please explain the run up to 1929? The economy needs to be rebalanced and the wealth inequality will lessen. The reason it has expanded is because of the financialization of America by Wall Street.

    chart_income_inequality_top.gif

    Like or Dislike: Thumb up 2 Thumb down 0

    2nd November 2011 at 7:58 pm

  113. LLPOH says:

    Admin – no doubt that is largely correct re “the financialization of America by Wall Street.” Some wealth redistribution is possible – but it will not flow very far down.

    Wealth inequality for the bottom half of society is another thing entirely. There are no high paying jobs for them. So thee is no way for them to attain any wealth.

    As for what happened after the 2nd world war – the little quote above says a lot – manufacturing exploded and there were a lot of high paying jobs in manufacturing after the war. These manufacturing jobs started to disappear roughly when you see the income equality shift on your chart. Coincidence? No fucking way.

    There is plenty of blame to go around, but the collapse in middle class wealth is very much tied to the collapse in manufacturing. You cannot go from an economy where 50+ percent is manufacturing in 1965 to around 10% today and not have some very serious wealth impacts. Manufacturing paid middle class wages. McDonalds does not.

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 0

    2nd November 2011 at 8:09 pm

  114. Borat says:

    “I did that chick. She begged for mercy after experiencing my 11 1/2 inch python.

    The article is nothing but specious drivel.”—Smokey

    Looks bigger than just 11 1/2″ Sir Smokey. Hope AWD can fix you up.

    http://www.worldstarhiphop.com/videos/video800.php?v=wshh8l04lBku0XT3YkTK&set_size=1

    781d4_wesleywarren.jpg

    wesley_warren2011-big.jpg

    Like or Dislike: Thumb up 2 Thumb down 0

    2nd November 2011 at 8:15 pm

  115. Administrator says:

    LLPOH

    What happened in the 1920′s to make income inequality so dramatic by 1928?

    The decline in our manufacturing base was a choice made by mega-corporations and encouraged by our trade policies and the politicians in Washington. The banks loved that we switched from manufacturing to consuming. Manufacturers didn’t need much debt, other than to expand their factories. Consumers need massive doses of debt at 15% interest rates.

    All paths lead to Wall Street in the story of American decline.

    Like or Dislike: Thumb up 5 Thumb down 2

    2nd November 2011 at 8:18 pm

  116. Bob says:

    One thing that must be kept in mind regarding income redistribution and manufacturing post-WWII: a good portion of this manufacturing was military Keynesianism.

    military-spending-in-us-history1.png&w=390&h=250&ei=Rd2xTtqDCcioiQLQiPXgBw&zoom=1

    Like or Dislike: Thumb up 0 Thumb down 1

    2nd November 2011 at 8:18 pm

  117. Administrator says:

    That was a Smokey doppleganger.

    Like or Dislike: Thumb up 2 Thumb down 0

    2nd November 2011 at 8:26 pm

  118. LLPOH says:

    Admin – again, I am not disagreeing with you. But the fact is, technology developments killed off a lot of manufacturing jobs. A lot of jobs. And that had nothing to do with banks nor evil mega-corps nor trade policies.

    Trade policies/banks/evil corps then added to the problem, making it much worse.

    Then there is the issue of outsourcing to low cost-of-labor countries. We lost a lot of jobs to these low cost countries. It was an inevitable advancement of technology.

    We created a lot of incentive for labor to move by letting wages/benefits escalate beyod reason, and by letting quality fall (think GM/Chrysler/etc.). So labor moved – naturally. Governmental policy changes could have helped enormously.

    But the horse has bolted. There is no way manufacturing jobs are coming back in huge numbers, and I do not see any new jobs being created in quantity to replace the ones that have been lost.

    I am not trying to discuss so much the why it happened, but that it has happened and that I cannot see a means for the bottom half of the population to secure good paying jobs as the jobs simply do not exist, and are unlikely to be created, in my opinion.

    Unskilled people living a middle class lifestyle (as we have come to know it) simply seems to be an unsustainable situation.

    Like or Dislike: Thumb up 4 Thumb down 2

    2nd November 2011 at 8:34 pm

  119. richard says:

    The “turning concept” is fatally flawedbecause “generations” are merged over a continuum. Each person is born, lives and dies as a unit. One life can span 5 to 6 generations. Life spans vary on an individual basis. “History” = ALL lives on this planet interacting simultaneously. To talk of Cyclical “history” is to talk gibberish. Why clutter people’s minds with such utter nonsense??? We have a wonderful writer with a flawed theory concerning “history”. History = total of all human actions plus accidents, etc. Group co-ordinated shaping of history has had a much greater effect on the FUTURE “history” than any hairbrained cycle theory! See, “1984″, “The Protocols”, “the Holocaust”? Yes or “No” theories, the 9/11 false flag take down to incite WWIII against the Muslim nations. Not a single bicycle was involved???? Doc!!

    Hot debate. What do you think? Thumb up 1 Thumb down 8

    2nd November 2011 at 8:36 pm

  120. Colma Rising says:

    Pirate Jo: The Mises Institute classified me as a C+ Austrian. Good… because if I honestly answered the questions and toed a party line, I’d be an idealogue.

    Another thing to note: Every welfare case on the top rung are behaving like jackasses. They got bailed out. Nothing will change that. It’s a bailout world right now. To expect those debt loads to remain on citizens through any deflationary spiral is a slap in the face. Caveat Emptors won’t change that.

    Some ass crated that money to lend out of thin air and it’s compounding at an alarming pace. Thin air. Having a libertarian reaction in a crony world is financially suicidal.

    As for millennials, bless them: Like all people, the awesome ones stand out if you choose to surround yourself with driven people, no matter their walk in life. This being the pre-requisite, I find these kids amazing.

    One more thing about libertarianism: Unless you’re talking anarchy, corrupt people must be routed out. Out of government, out of business. It must be engrained in the psyche of the nation that corruption is for losers and dick heads. Plain and simple. Rewarding this behavior is the biggest shame. Like Singapore, these people should be caned in a public square for even a hint of it… with due process, of course… but maybe that’s just my statist side talking.

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 2

    2nd November 2011 at 8:39 pm

  121. Richard says:

    Jim,

    My biggest fear is that the Occupy Movement will be co-opted. I, as an individualist (sometimes called a “libertarian”), believe that our (other individualists) biggest weakness is our fundamental belief. We want to be left alone, especially from government intrusion. So, how do we compete with the socialist and fascist collectivists in organizing. Collectivism, in and of itself, organizes and controls. Our beliefs contradict organizing and controlling. How do we overcome this great obstacle?

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 0

    2nd November 2011 at 8:43 pm

  122. llpoh says:

    Colma – I love the idea of caning. Swift justice. Low cost. High deterrent value for a lot of crimes (people swatted with 6 foot long canes tend to remember the experience (scarred for life)) and are somewhat loathe to want it repeated. I think it should be used for graffitti crimes, low-level drug crimes, theft crimes, etc. My son goes to school with a kid from Singapore. He said that there are virtually no petty crimes in Singapore – everyone is shit scared of that cane.

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 1

    2nd November 2011 at 8:53 pm

  123. howard in nyc says:

    llpoh~

    i have not read your article yet.

    the shift from agriculture to manufacturing had a huge impact on distribution of wealth. absolutely agree.

    i say ‘i don’t agree’ because there are lots of other factors i think are more important. maybe even predominate over the industrialization of england, then the us and europe, then other world regions.

    i anticipate after reading your piece, we will have tons of agreement and common ground. and a vigorous battle over any difference in views.

    the smaller the differences, the bigger the battle. and greater the fun. when i make you cry like a little smokey.

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    2nd November 2011 at 8:55 pm

  124. llpoh says:

    Howard – you know how I love it when you talk dirty like that.

    rman4016l.jpg

    shu0116l.jpg

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 0

    2nd November 2011 at 9:02 pm

  125. Colma Rising says:

    llpoh: I can’t help it… it sounds so RIGHT to cane dipshits.

    I’m going to give a millennial a hug and a big kiss and tell her she’s awesome, get a burrito and go to class where I’m going to high-five more millennials over a discussion on how full of shit professors and european economic theories are… Really. I can’t believe some ass creates money and charges interest on it. The biggest joke in history and we’re the fucking punchline. Free my ass.

    I want to start a club and a blog (help admin! Email me!) like a good Nomad and get these kids talking about the real world.

    Well-loved. Like or Dislike: Thumb up 5 Thumb down 0

    2nd November 2011 at 9:15 pm

  126. Pirate Jo says:

    “Having a libertarian reaction in a crony world is financially suicidal.”

    Is there anyone with any money at all who isn’t going to see it reduced to nothing? It doesn’t matter WHAT reaction you have, silly, our finances are all going to commit suicide.

    There is this thing called reality.

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    2nd November 2011 at 9:58 pm

  127. matt says:

    Colma,
    what were you doing in Oak-town today?

    http://www.msnbc.msn.com/id/45134339/ns/us_news-life/

    Like or Dislike: Thumb up 2 Thumb down 0

    2nd November 2011 at 10:05 pm

  128. Lonejack says:

    @ Uncle Ben

    Any movement that ignores the issue of illusory money conjured into existence as usurious, arithmetically un-defrayable debt, collateralized by unwitting tax peons, and controlled by an unaccountable international central banking cabal will do nothing to advance the cause of freedom. If it does address this issue, but ignores the tribal priorities of those supremacist bloodlines who developed and dominate this cabal, it will still fail.

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    2nd November 2011 at 11:56 pm

  129. Daily Reading on the Financial Markets: 11/3/11 « Playing the Ponzi says:

    [...] Quinn at the Burning Platform says history is cyclical, and we’re at a socio-economic turning point - the 4th Turning that is, to be more [...]

    Like or Dislike: Thumb up 0 Thumb down 0

    2nd November 2011 at 5:03 am

  130. Novista says:

    Shit, where do I start? Oh yeah …

    Admin, great essay. the devil’s in the details, and you covered them all.

    howard,

    a slight tangent on your dialogue … but you surely know the New Deal was not kind to black workers — with the administration pushing unionism, and unions being racist, about 100,000 black men lost their livelihoods. Just a data point.


    re the vixen with the nails, all the discussion, aside from whose camera and what cost, seems to accept her at face value. WTF? Has anyone nailed the ownership of that website? I haven’t looked but is that any different from the Steven J. Baum snark? Just sayin’

    In other areas of Millenial bashing, well, I’m half a world away and I have watched the social attitudes shift from afar. As a Silent in an era of ‘it’s for the chillun’, I can relate to the how and why. And the end result would be exactly ‘intended consequences’. Boomers by and large didn’t give a fuck about GenX but suddenly thought again “it for the chillun’ and the Millennials are the result.

    Add in the immersion of government schooling and it is no wonder some/many of their beliefs and attitudes are muddled. But, y’know, OWS stood up to be counted, sort of aiming in the right direction. Can you blame Millenials, almost raised from the womb with ‘good intentions’ to make a better generation for believing shit? That’s what the system has done. For every bad example someone here can cite, I would expect some percentage to be good. I’ve seen it here. But people see what they want, driven by their biases.

    It’s early days yet for the whole Millennial generation, write them off now and you could end up facing them as adversaries. Enough people are playing the divide and conquer game.

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 1

    2nd November 2011 at 7:49 am

  131. Administrator says:

    LLPOH

    Why didn’t technology kill off the maufacturing jobs in heavily unionized Germany?

    Like or Dislike: Thumb up 3 Thumb down 0

    2nd November 2011 at 8:06 am

  132. Administrator says:

    richard seems to be an expert on gibberish, as his entire comment is a run on sentence that only makes sense in his clearly deluded mind.

    Like or Dislike: Thumb up 4 Thumb down 0

    2nd November 2011 at 8:07 am

  133. Administrator says:

    Richard

    There is a decent likelihood that OWS could be co-opted. The Tea Party was co-opted. Telling the truth day in and day out about the situation we are facing is the only way I can see to overcome all obstacles. Truth and good ideas matter. I have faith that truth will win out over corruption and lies in the long run.

    Like or Dislike: Thumb up 3 Thumb down 0

    2nd November 2011 at 8:13 am

  134. ssgconway says:

    Five of the Millenial Generation are my children. i know them. they are good kids – in some yeas, easier to raise that this Xer was. Their greivances are legit. They will triumph, and let us work to make sure that their victory isn’t Phyrric. Yippie-turned-Yuppie stockbrokers who are caricatures of what they protested shouldn’t call these kids names, especially as so many have served in combat – as so many of their elders did not.

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    2nd November 2011 at 9:08 am

  135. This is why the “Occupy” protests will not go away | TheTradersWire.com says:

    [...] Read full article… [...]

    Like or Dislike: Thumb up 0 Thumb down 0

    2nd November 2011 at 9:39 am

  136. Interesting Post | TEOTWAWKIAIFF says:

    [...] of Zero Hedge, there is an excellent post by Jim Quinn of The Burning Platform that illustrates a concept for a post I have been kicking around. The majority of people, [...]

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    2nd November 2011 at 10:18 am

  137. L0g05 says:

    GenX standing and ready to serve! bearraid – our job includes at least one excruciatingly important thing: to figure out what the right answer is. We know that its not more government regulation. But what *is* it? The Boomers can’t get it – they are too tied to ideologies that predate television, much less the Internet. The millienials will know it when they see it, but don’t have enough know-how to actually figure it out. That leaves us – we have the know-how, the savvy, the right mix of vision and pragmatism (our intensely entrepreneurial streak), and the commitment (at least those of us with kids do). At the same time, we haven’t had deep connection to existing institutions . . . ever. So tearing down what needs to be torn down won’t make us bat an eye.

    Here is a first cut:

    * There is a global institutional order, largely initiated as the aftermath of WWII and growing organically through to the fall of the Eastern Bloc, at which point it substantially accelerated.  This order includes both active and passive interconnections that span economic, technological, social, cultural, political and military dimensions.  By “institutional order” is meant the organizational and conceptual mechanisms by which human activities are focused and directed.  This includes governmental organizations (the US Military, the EU ministry of agriculture, medicare), meta governmental organizations (the UN, the WTO, the IMF), NGOs, corporations, etc.  

    * This global institutional order was largely formulated based on the technical and conceptual state of the art existing WWII.  Although it has consistently been complexified and updated (“patched”) in the intervening 60 years, it is still fundamentally organized around hows, whats and whys that originate in that era.  

    * The foundation on which this order was built and by which it made sense has been undergoing profound transformation – particularly in the past two decades.  Largely, this is the result of the unprecedented *success* of the present order: advances in information technology, increases in population, depletion of global natural resources, etc.

    * Whenever an institutional order is faced with this kind of transformation of its fundament, it can choose two paths:
     - Deconstruct and reorganize functions around emerging capabilities
     - Attempt to conserve the existing order 

    The former choice involves significant pain as existing means (and even ends) will be disrupted and this kind of disruption is contra human psychological tendencies.  As a consequence, it requires tremendous foresight and political will.  It is not guaranteed to be successful as many things can happen when long-bound energies are released in an institutional reconstruction.

    The latter choice ultimately involves the death of the society as it requires an intensification of “delusional” mechanisms that distance society from reality and eventually deplete its ability to operate – the society moves from productive to conservative to moribund.  Depending on the political will and political power of the institutions driving the transition from productive to conservative, this death can be very quick and destructive (see French Revolution) or can potentially be delayed for a very long time (“zombieification”).  Indeed, the period just following the transition from productive to conservative (open to closed) can be experienced as highly positive.  However, once a society moves to full closure -like any entropic environment – its fate is (largely, although never absolutely) sealed.  
      
    * The decision to deconstruct and reorganize can rarely (never?) be made by existing institutions (the past), it must, instead, be made by “institutions from the future” – which can provide solutions and vision that is simply outside of the means of existing institutions.

    * It is possible to interpolate the shape of future institutional orders based on the present circumstances.

    * Uniquely in history, our future institutional order must be self-assembling, self-organizing and meta-stable.  There can be no central organizing structure that is adequate to their construction – instead they must be architected to “unfold” dynamically yet effectively.

    * Nonetheless, we can assert several rules that are quite likely to be part of their basic operations:
    - Data aware: in principle all possible transactions are stored and searchable 
    - Transparent: in principle all transactions can be viewed by all participants
    - Distributed: in principle no levels of hierarchy 
    - Resilient:  designed to maximize and benefit from “black swan” events rather than minimize and suffer from them.
    - Segmented. Kind of a separation of powers clause that keeps core platform functions from being combined into a coercive whole. It also allow rapid improvement/replacement of core services to respond to new conditions.
    - Transient. Beyond the basic resilient holon and stored data, every function or organization is built with the time or conditions that warrant its death built into the design/plan.

    Some other assumptions that differentiate this from other forms of historical change:

    The new system must run concurrently with the old in order to avoid inducing general collapse. To achieve this end:
    1) It displaces due to choice and not force. Bit by bit and not all at once.
    2) It can leverage mature services of the old system to gain capabilities rapidly and supplement deficits.
    3) It must be able to defend itself against predation by the old system.
    4) It replaces old system functions when able.

    Connection to the new system is a function of desire/membership and a willingness to live by a set of rules, both at the individual level and at the level of the resilient community. Membership is not based on geography or accident of birth. It’s earned through behavior.

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    2nd November 2011 at 10:39 pm

  138. Smokey says:

    Keep talking you cowards. I get more ass than Herman Cain at a restaurant lobbyist convention. I am preoccupied servicing Stucky’s mother, but will be back on the point in no time.

    Like or Dislike: Thumb up 2 Thumb down 1

    2nd November 2011 at 12:40 am

  139. llpoh says:

    Admin – Germany is a different culture. One of the reasons that Germany has done better is that they have a largely captive mmarket re the Easttern Europeam nations which but a lot of capital goods from Germany. Germany also finances a lot of.the purchases so their nuts are pretty exposed there.

    I suspect they have a generally better educated population, whhich also helps. They are also a much tighter culture and are far less multicultural. And given Germany’s advantages in the region (surrounded by those high performing PIIGSrance/Eastern Europe nations) they unsurprisingly lead the pack. For instance – every Italian auto employee build thirty cars per year. That is laughable – in Poland it is one hundred. Not too surprising they are successful given the local competition.
    You can always point to one sucess story. That does not change the fact that there is a finite number of manufacturing jobs required world-wide. If populations do not increase, manufacturing positions will drop steadily as manufacturing becomes more productive. The proportion of persons required to do manufacturing will drop steadily. One country will always do better than others. Germany is doing reasonably well – but it isn’t gold-plated.

    Like or Dislike: Thumb up 4 Thumb down 0

    2nd November 2011 at 3:07 am

  140. llpoh says:

    Things have aided German manufacturing greatly. German manufacturing was slumping much as all western nations until approx 1995. Four things have helped them greatly. I the euro, the fall of the USR and the opening of the eastern blocs, reunification, and a defense bill of only 1.4 percent of gdp. These were all godsends.

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    2nd November 2011 at 4:13 am

  141. Novista says:

    L0g05

    Fascinating commentary. Have you been here before, lurking, or passing through? I reckon we could use your input.

    Well-loved. Like or Dislike: Thumb up 5 Thumb down 0

    2nd November 2011 at 7:05 am

  142. Matt says:

    Interesting article, I am not an American but got directed to here by one as well as constantly finding Americans starting to question politics that before were quite happy to ignore.

    If anything about the financial crisis has happened is people waking up to the responsibility of needing to get into politics. I am unfortuntely amongst a lot of boomers in the Philippines who have retired here. Its funny how their minds think with as well as other issues I find with younger generation problems in the world with things like racism the boomers here all seem to be racist beyond belief.

    Be glad to see their exit and hopefully those currently protesting can and will make a change for the better.

    Like or Dislike: Thumb up 4 Thumb down 0

    2nd November 2011 at 11:12 am

  143. L0g05 says:

    @novista – I was on the “old’ Burning Platform and have periodically dropped by. There are many groups (coming from all over the old political spectrum) that are beginning to crystallize. Unfortunately, many of the links that I’m part of are not (yet?) public. However, John Robb’s efforts over at http://globalguerrillas.typepad.com/ are public and are a great link to this groups apparent zeitgeist.

    Happy to help. Things are moving fast.

    Like or Dislike: Thumb up 2 Thumb down 0

    2nd November 2011 at 3:47 pm

  144. Punk in Drublic says:

    That was a hell of read, Admin.

    Great Stuff. I loves me that 4rth Turning shit.

    “The truth is that Americans have always admired entrepreneurs like Steve Jobs and Bill Gates who created businesses, created jobs, and ended up with vast wealth. But, that is not the wealth protestors on Wall Street and across the country are angry about. They are angry at the hyper-concentration of wealth in the hands of men that have rigged the system in their favor through bribery (lobbying & contributions), fraud (no-doc loans & AAA rated toxic derivatives), accounting schemes (special purpose vehicles & suspending mark to market) and holding the American middle class hostage (TARP & zero interest rates). When the 400 wealthiest Americans own more than the “lower” 150 million Americans put together, you have a system that is badly broken.”

    Fuckin A!! You raised my blood pressure ten points with that short list. And I bet you weren’t even trying.

    To all you dirty pot smoking hippy protestors… Remember the Tea Party? When did they start their protests? That’s right, in fucking April. They had all goddamn summer to stand outside waving signs and getting attention.

    You dumb stoned pricks are going to freeze your dreadlocks off…

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    2nd November 2011 at 4:59 pm

  145. llpoh says:

    Punk – OWS is the current equivalent of Napoleon marchin on Russia during the winter.

    Like or Dislike: Thumb up 1 Thumb down 1

    2nd November 2011 at 5:10 pm

  146. Punk in Drublic says:

    LLPOH

    I personally think it shows their commitment to the cause. The implied message behind my post was that the tea party is a bunch of sissies. Rage will keep those hippies warm.
    angry-hobo.jpg

    Like or Dislike: Thumb up 5 Thumb down 2

    2nd November 2011 at 5:36 pm

  147. Novista says:

    L0g05

    Thanks for the reply and the link.

    Indeed, “moving fast”, change, not hopium nor unobtainium. I think a lof of people will be surprised, if not shocked, shocked … at what happens to the Janus-faced one-party system.

    Like or Dislike: Thumb up 0 Thumb down 0

    2nd November 2011 at 6:41 pm

  148. llpoh says:

    Punk – I think that OWS is turning into a big orgy since the weather turned. They won’t ave time to protest as they will be spending their time going at it like rabbits and untangling their dreadlocks.

    Hot debate. What do you think? Thumb up 2 Thumb down 9

    2nd November 2011 at 7:51 pm

  149. Anonymous says:

    I am a pre-boomer and grandfather. I have seen a lot of politics and thirteen different administrations come and go over the course of my lifetime, but the most prophetic words pertaining to where we are today were spoken by probably the bravest president to serve this country (other than Truman) , Dwight David Eisenhower. Upon leaving his presidency he made a speech warning future generations to “…beware the military/industrial complex (in the U.S.” or words to that effect. At this point, he probably would have thrown in “Congress” as well – given the fact that they are bought and owned, and this from a man who owed his success to the power of the military and industrial corporations.

    So today, overwhelming power is concentrated in the hands of the military, industry, and government. If domestic violence comes, those powers have forces at their command that will overwhelm any amateurs, as well as a powerful yen to retain their power. We are still a country of laws, and political change can come suddenly with enough concerted effort. Younger generations raising consciousness about what is really going on in current leadership and voting in their candidates will remain the most potent way to effect change. It happened in the 60′s with civil rights (quickly) and it can happen again before we slip into total darkness. Thank god for the internet!

    Well-loved. Like or Dislike: Thumb up 6 Thumb down 1

    2nd November 2011 at 7:33 am

  150. jMusing says:

    Quite an essay!

    Reminds me of an old book…

    “Christianity and Anti-Christianity in its final conflict” by Samuel Andrews

    http://books.google.com/books?id=E8QrAAAAYAAJ&pg=PR3&source=gbs_selected_pages&cad=3#v=onepage&q&f=false

    Like or Dislike: Thumb up 2 Thumb down 0

    2nd November 2011 at 10:23 am

  151. Windhorse2000 says:

    Savings and Loan debaucle: 89′ – 93″ 10,000 criminal referals, 1,000 elite bankers jailed – all were in the top100 banks, 1000 FBI agents investigated and had a conviction rate of around 91%. There were 10,000 criminal referals. Extreme Fraud was the main offense along with others violations. 743 out of 3234 banks involved. Taxpayer made most of this whole again. Something like 150 billion.

    The housing bubble 2006 – 08 and the resulting finanical crises we’re presently in. It is 70 times greater than the S&L crisis mentioned above. All driven by Fraud again. The bad liar loans in 2006 where 1 in 3, resulting in 2 million bad loans and it was the bankers and real estate brokers that lied with minor participation from the public encouraged by government. This debaucle resulted in the loss of 10 million jobs and a loss of 11 trillion dollars. Again, the taxpayer is making most of this whole

    By the time it was over 120 FBI agents where supposed to investigating 4 million fraud cases. The number of CRIMINAL REFERALS – ZERO, the numbers of CONVICTIONS – ZERO. COMPARE THESE NUMBERS, WITH S&L ABOVE.

    I have proof that Goldman Sachs manupilated the price of gas in 08′ to over $4/gal for profits only. They bundle bad mortages and with a bit of ” good stuff” sold it as a “good investment” than knowing it would fail – shorted it. Faud again

    Recently, BofA transfered the derivative risk of MLynch (the investment arm of BofA) to the retail side of BofA. BofA had a collateral call on there 60 trillion of derivative exposure. By moving the “risk” to the retail side of the bank they are now “protected” by the 1.2 trillion in deposits (made by you and me) and the FDIC. Now the depsitors are “Second” inline in case of a default on 60 trillion dollars of contracts. Depositors don’t even know they’re at risk. I can give you 100 more examples just this year.

    How would Jamie Dimon like it if I wrote off my business loses this year to him? Further, he didn’t know that I was going to do it,……I just went in and took the money out of his account to make myself whole. Not to nice is it.

    Consider also: regulators are examining whether MF Global diverted some customer money to support its own trades as the firm teetered on the brink of collapse. If that was the case, it could violate a fundamental tenet of Wall Street regulation: Customers’ money must be kept separate from company money. It looks like MF massively inflated margin requirements so that Corzine could tap the overage between the Exchange’s SPAN requirement and the MF Global requirement, and use that difference to prop up his proprietary trades. This is very illegal. There are other Primary Dealers that will fall in the weeks ahead.

    I find it very comical that people ask why the OWS people are there. If you have to ask that question your either brain dead or totally unconscious in view of the above.

    AND SO THE SAYING: THE PEOPLE DESERVE THE GOVERNMENT THEY GET!

    This is a very feisty web site: Non-Violent way to stop all this looting, NO ONE PAYS THERE TAXES!!!! 300 MILLION CAN’T GO TO JAIL!

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    2nd November 2011 at 1:48 pm

  152. jim says:

    very enlightening

    Like or Dislike: Thumb up 3 Thumb down 0

    2nd November 2011 at 1:49 pm

  153. Windhorse2000 says:

    The next revolution will not be carried out by mobs of angry people, guerrillas, terrorists or, god forbid, politicians. It will be accomplished by a small (10%) militant minority that will simply unplug the matrix. Disengagement and non-participation.
    MUST READ BELOW:

    http://www.alt-market.com/articles/301-want-to-defeat-the-banks-stop-participating-in-the-system

    http://www.thecactusland.com/2011/10/revolution-or-disengagement.html#more

    Like or Dislike: Thumb up 3 Thumb down 0

    2nd November 2011 at 2:12 pm

  154. Bad Moon Rising | Survive Change says:

    [...] Submitted by Jim Quinn of The Burning Platform [...]

    Like or Dislike: Thumb up 0 Thumb down 0

    2nd November 2011 at 7:34 pm

  155. Gold Werewolf says:

    Admin

    It is well known that all rights that humans have ever gained against the governments have been won on the battlefield. At some point in the not so near future, I see armed resistance against this central banking cartel. This group of power hungry nation-rapist will stop at NOTHING to maintain power.

    G W

    Like or Dislike: Thumb up 2 Thumb down 0

    2nd November 2011 at 10:44 am

  156. Kill Bill says:

    FYI
    Heres the OWS General Assembly minutes
    http://www.nycga.net/category/assemblies/minutes-ga/

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 1:48 pm

  157. craig hill says:

    AS a boomer, in my 62nd circumnavigation of the Sun in my current form (tolja i was a boomer), i have long wondered what happened to the rest of my fellow boomheads who made the ’60s the ’60s, got Vietnam ended (by politically de-funding it) and then fucking disappeared as an active social force defending the rights and morality we once marched to re-establish into what i thought was a permanent given. I’ve watched everything disintegrate and the whackadoo Reicht take over both parties, institute globalization, more sweatshops and literal enslavement than has ever existed on the planet, and seized control over the commodification of everything, plus the lie of 9/11, the truth of global heating and the 6th Great Extinction gathering momentum toward the destruction of entire planetary ecosystems. I’ve given up on my generation, and saw NOTHING in the militarized generations following worth writing home about, until the Occupy movement.

    I HOPE what is happening now is indicative of the massive change we all need to counteract the control-freakery issuing originally from the shrinks in the Pentagon who figured out how to institute German corporatism in the US government and got everyone to flag-wave it on to our eventual loss of freedom on many levels, which has more than begun, it’s been gestating since the Department of War was rechristened Defense (1947).

    I don’t see as part of the Occupy movement a recognition that in order to put the Reicht in the crematorium, for a change, we need people inside the building where the laws are written who are now outside the building on the street. When CEOs meet to plan their next stage of taking over government to serve them and screw the 99%, they don’t meet in a park holding signs; the 1970s paradigm of protest is not applicable any more to a government that doesn’t have to listen to its people because of how easy it is to rig electronic voting machines. That is part of the equation that is what needs be changed in order to democratically reorder the government that is one order away from martial law. We need to recruit good people who are now on the streets fighting the good nonviolent war to run for Congress as independents not of either corrupt corporate party, who pledge to support every iota of change necessary to righting and stop blighting the world, and fund them munificently to victory, along with continuing the pressure on the streets to act as the impetus to and the organization for those candidates’ success.

    Without that successful political component, the whole thing may as well be a love-in resulting in the next generation, where hope must again be invested from scratch or we are doomed.

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 4:11 pm

  158. Novista says:

    craig hill

    I note your mention of ‘morality’, something I’ve been thinking on recently. Perfect example just turned up: Mississippi perhood amendment voted down. Isn’t that an example of mob morality where one side wins, the other loses?

    Where is the notion of ethical behavior and 9personal responsibility? What is the justification of Roe vs. Wade, a decision by old people in black robes imposed on the entire country?

    Putting it another way, morality is often just the triumph of control freaks.

    In the colonial days, it was ~moral~ some places to kill Quakers. Prohibition was the morality of telling other peoople what they could not drink. Repealing prohibition was claimed a moral response but it was only the figleaf of morality of a different kind to hide FDR’s need for tax revenue.

    I would quibble about your lies and your truths, too. “The science is fixed” has two interpretations, you know. And we could have had an extinction event yesterday.

    You have more faith in the political process than I do — or most people these days. No matter how many independent angels of integrity you might shovel into the swamp of D.C., it will still be a swamp and the real power and control is elsewhere. Always has been.

    Like or Dislike: Thumb up 2 Thumb down 0

    2nd November 2011 at 8:20 pm

  159. CompassionateFascist says:

    Generational theories of history are always interesting. But generations are viciously cross-cut by Class (barely touched on by Strauss and Howe) and and – no surprise, unmentioned by Strauss and Howe – Race. Which is why generational analysis has no predictive value as to outcomes. In addition, while history does tend to be cyclic, the increasing velocity of information due to technological change is linearly accelerating the entire process beyond mere generational change. Putting all this together, I’ll give you my prediction for the next year or so. If RINO Romney gets the Republicrat nomination, as appears increasingly likely, there will be a right wing/White revolt that will result in a strong 3rd party candidacy – maybe Ron Paul as the vehicle. Obama then wins a 3-way race in the Electoral College with no more than 40-45% of the popular vote. Meanwhile, in order to get the Zionist $$$ he must have to run for re-election, Obama has already attacked Iran…thus cutting off 40% of the world (esp. Japan and China’s) oil supply and so precipitating DollarCollapse. Result: Perfect Storm, combining existential political and economic crisis. First Tuesday in November, 2012. Then: 60 days to Fort Sumter. Outcome of Civil War II? Only the Devil knows but, fought along class, racial, states vs. center, and rural vs urban lines, it is going to be extremely bloody. Something like the Spanish Civil War combined with the Tai’ping Uprising.

    Like or Dislike: Thumb up 2 Thumb down 0

    2nd November 2011 at 11:34 pm

  160. howard in nyc says:

    more white boy revolt against the darkies fantasies. ’cause it is the non-whites destroying the financial system and keeping the white boy down.

    should stick to hobbits and wizards.

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 11:37 pm

  161. Administrator says:

    CompassionateFascist

    First. I love that name. After reading your prediction:

    NOTE TO SELF – Buy more ammo.

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 7:40 am

  162. Buddy Rojek says:

    I forwarded this article to my Prime Minister. I feel Australia is running a Kleptocracy too. An example: Public Sector Jobs.

    Unless you went to the best schools and can write verbose policy documents there is no position for you. Maybe digging holes at the Local Council. If you are lucky!

    Public sector jobs are the last line of job security. Australia is becoming like Greece. You either have job security in the public sector, or the biggest mining companies, or you have no job security.

    Socialist Keynesian Kleptocracy has to stop.

    Like or Dislike: Thumb up 1 Thumb down 0

    2nd November 2011 at 5:27 pm

  163. Buddy Rojek says:

    After reading all these posts, I conclude that Fascism is the only answer. A party will be elected by 40% of the population and will force a new set of rules on the remaining.

    How else can we herd the “Political Cats” into a unfied force to solve problems?

    Now I see why Hitler and the Nazi party came to power.

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    2nd November 2011 at 6:00 pm

  164. USA’s 4th Turning Gathering Pace – Are The Occupy Demonstrations The Beginning Of The Awakening? | The Red Pill - I can only show you the door says:

    [...] BAD MOON RISING [...]

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    2nd November 2011 at 4:49 pm

  165. American, European & Japanese Problem Solving | Dr. Mark's Blog says:

    [...] The Burning Platform published: [...]

    Like or Dislike: Thumb up 0 Thumb down 0

    2nd November 2011 at 5:14 pm

  166. Thursday Morning Links | Iacono Research says:

    [...] ‘I get it’ – LA Times Average student loan debt tops $25,000 – CNN/Money Bad Moon Rising – The Burning [...]

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    2nd November 2011 at 8:45 am

  167. Arizona says:

    Nibiru anyone? its time to wake up now and join the real world .theres a big bad moon on the rise and soon everyone will understand what they were’nt told.this thing will arrive soon,and when it does all will become clear.check it out before it gets here the government has been watching it for a long time now and they know whats about to happen.the real show is about to get under way,and everyone thats asleep will Die????

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    2nd November 2011 at 12:47 pm

  168. American, European & Japanese Problem Solving | Dr. Sircus says:

    [...] The Burning Platform published: [...]

    Like or Dislike: Thumb up 0 Thumb down 0

    2nd November 2011 at 3:55 pm

  169. Last Intelligent human being. says:

    The one group left out in this article is the 3D thinkers of the world. i.e. Those that reflect on all the possibilities. Not only what has happened, or what can happen, but what could of happened if things had gone differently! In order to keep all things in perspective you can’t leave out alternate possibilities. In order to change our future, to make it a better place, you have to learn to break the cycle and take the world to the next level. It is only on the precipice of absolute destruction that we accept in no absolute terms that it is time to evolve!

    Like or Dislike: Thumb up 0 Thumb down 1

    2nd November 2011 at 9:16 pm

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