FOR A FEW DOLLARS MORE – PART ONE

Where life had no value, death, sometimes, had its price. That is why the bounty killers appeared. For a Few Dollars More

 

“Tell me, isn’t a sheriff supposed to be courageous, loyal and, above all, honest?” – Man with No Name – For a Few Dollars More

Whenever I get an idea for an article I plan to keep it short and sweet. But it never seems to work out that way. Once I start typing, the articles tend to grow exponentially. It happened again with my attempt to make sense of how the United States of America managed to screw our finances up so badly, that an epic collapse is within view to people with their eyes open to facts and the truth. You don’t end up in the predicament we find ourselves in today due to a couple minor mistakes over a short time frame. It took thousands of horrible choices, colossal doses of delusion, a heaping of stupidity, and a mountain of denial over decades to put us on the brink of economic collapse. An unholy amalgamation of demographics, fiat currency, debt, taxes, power and greed have led us to this point. Next we experience collapse, revolution and ultimately, retribution.

Since I’ve identified four major rationales for our impending doom, I’ve decided to write a four part series that can be read in small doses, rather than one enormous article. I don’t want anyone to miss tonight’s episode of Dancing With the Stars, get distracted from the Royal Wedding preparations, or skip the best reality TV show ever – Ben Bernanke’s press conference, while reading an 8,000 word article about the end of America. The four part series will have a Clint Eastwood theme. For a Few Dollars More will address the Baby Boomer impact on America’s decline. A Fistful of Dollars will examine how the creation of the Federal Reserve and the income tax in 1913 set us on a path to ruin. Outlaw Josey Wales will scrutinize the looting of America by a small group of powerful, connected, super rich men lurking in the shadows, but pulling the strings on our puppet politicians. Lastly, Unforgiven  will detail the impending collapse of our economic system and the retribution that will be handed out to the guilty.

Over the last few weeks there seems to be consensus among many financial bloggers, whose credibility is far more trustworthy than the corporate mainstream media, that the country is teetering on the verge of economic collapse due to the complete capture of the government, financial, regulatory, and media by a small group of oligarchs. They have also been described as the super rich, plutarchs, ruling elite, and scum sucking leeches. The bloggers that I have the utmost respect for, including Jesse, Charles Hugh Smith, Mike Shedlock, Yves Smith and Gonzalo Lira have all come to the logical conclusion the horrific economic situation of the country is a direct result of the greed, corruption, fraud, and plundering by a powerful connected group of rich financiers operating without fear of being brought to justice by the authorities.

While pondering the ruminations of these dedicated truth tellers, I was reminded of the Clint Eastwood Spaghetti Western For a Few Dollars More. The quotes above are representative of living in the USA today. There are supposed to be courageous, loyal and honest sheriffs that protect the citizens from crime, corruption and evil doers. But, just as we saw in the Old West of Clint Eastwood movies, the sheriffs are always corrupt and bought off by the evil cattle barons. In a world where life has no value and you can’t rely on law enforcement to protect your interests, the citizens eventually will need to turn to bounty hunters to take care of the bad guys. The bounty hunters of truth reside on the internet. They reside at Zero Hedge, Jesse’s Café Americain, Of Two Minds, Mish, Chris Martenson, and dozens of other anarchist websites. When you can’t trust your government, your bankers, your church, your media, or mega-corporate CEOs, you need to seek the truth where it can be found. The insightful bloggers who courageously print the truth on a daily basis have unanimously concluded that a small band of powerful elite have accumulated undue influence and control over this country, having brought it to the verge of economic collapse. How did this happen? Who is responsible? Why were they permitted to gain this power?

Boomers Come of Age

“If those in charge of our society – politicians, corporate executives, and owners of press and television – can dominate our ideas, they will be secure in their power. They will not need soldiers patrolling the streets. We will control ourselves.” – Howard Zinn

Whenever I direct any blame for our economic woes towards the Baby Boom generation they react as expected. They blame the GI Generation for creating the welfare state. They declare that Generation X and the Millenials are just as greedy and self centered as the Boomers. Boomers are great at blaming, ridiculing and acting pompously, while taking no responsibility for their actions and more importantly their inaction. This generation cannot avoid their responsibility for the state of affairs. They like to take credit for their stand against the Vietnam War and their protests against the man during the 1960s. They don’t like to take credit for turning into materialistic, greedy, selfish, short-term focused bastards. When a generation of 76 million people decides to go in a particular direction, the country will go in that direction. While blaming FDR and the GIs who stormed the beaches of Normandy for creating the unfunded Social Security and Medicare liabilities, the Boomers have been voting since the mid-1960s and have been in control of corporate America and the levers of government since the early 1980s.

The U.S. Congress is dominated by Baby Boomers today and has been dominated by this generation since the 1990s. The Senate has 60 Boomers out of 100, while the House of Representatives has 254 Boomers out of 435 members. Boomers occupied the White House from 1992 through 2008. They have had the political power and control of the agenda for two decades and have failed miserably. Rather than do what was best for the country for the long-term, they took the expedient, easy, vote getting route. Promise more than you could ever deliver and let future generations worry about the consequences. Not one true noble statesman has arisen from this generation of myopic, self centered “Me Generation” political hacks. Even as the country nears the precipice, they continue to address the great issues of the day with talking points supplied by other Baby Boomer PR maggots from Park Avenue. These weasels care not for the country, but worry only about poll numbers and the next election cycle. An apathetic public, dominated by the Baby Boom generation, has the attention span of a gnat. As long as they can make the lease payment on their Escalade, use one of their 15 credit cards at the Mall, be entertained by 600 cable TV stations, play with the latest iSomething, live in their McMansion for two years without making a mortgage payment and consume massive quantities of fast food, then any thoughts of future generations or civic duty are unnecessary. Live for today has been the rallying cry for the Boomer generation. Pot was their drug during the 1960s. Debt has been their drug since 1980.

The drug (debt) dealer for the Baby Boom generation has been the Wall Street mega-banks, coincidentally, run by Boomers. The entire corrupt financial industry is being run by Boomers. The CEOs, CFOs, and the thousands of Harvard MBA VPs that created the fraudulent derivative scheme to bilk billions from clueless municipalities, pension funds and American taxpayers are all Boomers. It is no coincidence that the great debt delusion began in the early 1980’s. Jim Kunstler captured the essence of Boomer transformation:

“The Baby Boomers came back from the land, clipped their pony tails, discovered venture capital, real estate investment trusts, securitization of “consumer” debt, and the Hamptons. Greed was good.”

The Boomer CEO hall of scam has been built on the brilliance and financial acumen of Lloyd (god’s work) Blankfein, Charlie (keep dancing) Prince, Jamie (friend of Obama) Dimon, and the king of the Boomers, Hank (the system is sound) Paulson. These mainstays of crony capitalism led the Boomer charge of greed, greed and more greed. The Baby Boomer generation has been the proverbial pig in a python working its way through the decades as presented below. By 1985, Boomers had entered the work force in full force with the entire generation between the ages of 25 and 42. It will be a great day when the python craps this pig of a generation out the other end.

It is not a coincidence the National Debt growth has far outstripped GDP growth since 1980. Boomers had been spoiled their whole lives and felt they deserved the goodies today while passing the bill to future generations. They voted for politicians who promised them more benefits, more programs, more subsidies, more tax breaks, more military adventures, and more pleasure. And this was “paid for” with more debt. Thirty five years of government debt declining as a percentage of GDP was reversed over the next thirty years starting in 1980, pushing it past the 90% tipping point in the last year. The country is over-indebted to the tune of $9 trillion on a current basis and $100 trillion on a long term accrual basis.

There is no better picture of Boomer decadence and myopia than an historical view of the national savings rate. The parents of the Boomers understood the meaning of sacrifice and investing in the future of the country. During World War II they bought US War Bonds to support the cause. From 1950 through 1985, the savings rate consistently ranged between 7% and 12%. Americans had this odd notion that if you saved more than you spent, you actually got ahead in life. Excess savings were used to invest in new plants and equipment that were used to produce goods and employ more Americans. By 1985, the Boomers considered these notions as quaint and old fashioned. The savings rate methodically declined until it went negative in 2006, just prior to the worldwide financial conflagration. Our inspirational Boomer president George (Mission Accomplished) Bush while waging two wars of choice, asked for the ultimate sacrifice from the Boomers. He solemnly urged them to buy a GM SUV with $0 down and 0% interest for 7 years, so we could defeat the terrorists. The Boomers who ran GMAC were more than happy to make loans to people with no income so they could “purchase” a $40,000 ostentatious gas guzzling hog. They were doing their patriotic duty for the good of the nation. It brings a tear to my eye just thinking about it.

The Boomers not only heeded George’s call, but they did him proud by buying 8,000 sq ft McMansions with $0 down and negative amortization ARMs. Luckily, the executives at the mortgage origination sweatshops were Boomers. They found no good reason to verify income or assets before loaning someone $600,000, because they knew their fellow Boomers at the rating agencies would rate the bundles of these toxic shit loans as AAA so the Boomers on Wall Street could sell them to greater fools. GMAC’s exemplary subprime mortgage arm – Ditech, did a bang up job getting migrant Mexican workers into $450,000 homes in California’s inland empire. As the tsunami of bad debt swept toward shore, delusional Boomers across the land borrowed $500 billion against the inflated value of their McMansions and installed granite counter tops, stainless steel appliances, home theatres, elegant patios, Olympic sized pools, and with the excess home equity, leased a BMW or two. The first devastating tsunami wave hit in 2008 and wiped out billions in faux Boomer wealth. Instead of learning a brutal lesson and reverting back to saving and frugality, the “never say sacrifice” Boomers ventured out to where the waves had subsided looking for more trinkets and treasures.

Tsunami Warning by Mobile Phone

The next tsunami wave is on its way. The delusional Boomers will be surprised again.

The Boomer persona has been formed over the last five decades and the country will deal with the consequences for decades to come. The clean cut Beaver Cleaver children of the 1950s turned into the pot smoking Dobie Gillis of the 1960’s, then into the slimy Gordon Gekkos of the 1980s and ultimately into the eternal wealth seeking Gollums of today.

 

  

This Boomer debt orgy over the last thirty years would have made Caligula blush. Of course, none of this could have happened without the Creature from Jekyll Island. I will address this aspect of our fate in Fistful of Dollars – Part Two.

Now for the righteous indignation from the Boomers that think I have unfairly lumped them all together as one. Their reactions are predictable. Even though they have had the means, the power and the time to reverse the course of USS Titanic, they plowed full steam ahead into the abyss. The GI Generation is dead. Generation X doesn’t hold the reins of power. The Boomer generation needs to look in the mirror to recognize who is to blame.  I’m sure there are a few good Boomers out there somewhere, but as a generation they have failed this country and our unborn generations miserably.

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344 Comments
Cynical30
Cynical30
April 28, 2011 1:02 pm

@ Flash

So your wife’s an Xer, huh? Given the fact that you’re a boomer I’m assuming she’s wife #3, since I’m sure your old boomer wife(s) was smothering your individuality. OMFG dude, you are fucking King Boomer, the lord and prototype for your generation! HAHAHAHAHAHAHHAHAHAAA!!!!

flash
flash
April 28, 2011 4:36 pm

Cynical30,
You presume much dickhead and all wrong.

I dream of having a threesome with Abraham Lincoln and Barack Obama

Surly1
Surly1
April 28, 2011 5:15 pm

Well, hasn’t this followed the standard TBP story arc:

1) Great article

2) Informed and thoughtful posts.

3) responses in kind.

4) Ad hominem attacks, and counterattacks.

5) A monkey cage full of turds.

flash
flash
April 28, 2011 6:20 pm

Administrator says:

Surly1

At least 5 of the posts were not ad hominem attacks. I think that was a record.

Class extraordinaire. Salutations to you sir for having the only blog on the world wide web that isn’t censored.
…. sorry about your pet monkey..
http://www.metacafe.com/watch/280478/richard_pryor_pet_monkey/

Reverse Engineer
Reverse Engineer
April 28, 2011 6:26 pm

@Surly

You forgot to include the Pics.

[imgcomment image[/img]

Hey Jim, where’s that Plan for Exterminating 5B People? Inquiring Minds want to know. LOL.

RE

Colma Rising
Colma Rising
April 28, 2011 8:42 pm

Surly: You forgot to mention the rabid boomer monkey in the corner pulling it to his gay porn in addition to flinging handfulls of shit.

RE: Admin’s plan isn’t global in nature yet. Remember… change begins at home (Alaska preferably)!

Colma Rising
Colma Rising
April 28, 2011 11:45 pm

Who says the Millenials aren’t awesome?

Here’s my new favorite band…

The YouTube sensation…

The Millionaires!!!

[img]http://t3.gstatic.com/images?q=tbn:ANd9GcSpmbEsoLLoNFvM5506Xv74xpO86d_zYMz_oze27uXwBnkRy1qpHA[/img][img]http://t0.gstatic.com/images?q=tbn:ANd9GcRfpeaPS5UV5eu26E0aCGsiDFCcsum40FgUEGVE0PRDGN3ZeKWlJw[/img]

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

Bob
Bob
April 29, 2011 12:45 am

Expat says:

“I remain an optimist. One day things will get better. One day man will exterminate himself and remove a blot on the face of the universe. Life likely will continue on this planet and myriad others in the universe.”
_____

I remain an optimist too. If you really believe that “man will exterminate himself and remove a blot on the face of the universe,” perhaps you should have the courage of your convictions and start the trend. After all, the same “man” you condemn has given you the means and opportunity to express your vile opinions. Where would we all be without that nebulous “man” and his myriad inventions? Probably still living in caves, foraging for food, using sticks and stones to fend of predators, burning the environment to keep warm and wearing the skins of slaughtered animals for clothing – or maybe palm fronds instead. And when your basest desire to “exterminate” “man” from this planet is achieved, you can rest in peace that more intelligent and virtuous creatures, like termites and slugs, will continue to improve on the legacy that evil “man” has left in his wake.

Sure, “man” is not perfect and has committed the worst atrocities for his own self aggrandizement that have ever been, but “man” has also created the best inventions to improve his own lot in life that have also ever been. Maybe you think that rats and serpents could do better?

And what makes you think that the “universe” gives a rat’s ass about “man”? It was here long before you were and will continue to be here long after you are gone.

Wake up and smell your own bullshit you moronic pinhead!

Lisa
Lisa
April 29, 2011 1:52 am

Blaming any one generation is absolutely wrong. I am not a boomer..but my parents are. I know my family has worked very hard to have what we have. Not all Americans are economists..but I sure wish now that I majored in Economics as I am sure many of us are waking up to a country that is honestly one big facade! I mean it absolutely blows my mind that we borrow over 40% of what this country spends. That’s insane! If I ran my household like that..I would be done by now!

The real fault lies in the leadership of this country..as humans are of herd instinct and we do tend to follow what precedes us as it is only natural. Many of us just happened to get caught up in the “blue light” specials our government likes to throw at us. After all we pay them well to guide us and lead this country in the right direction.

But..hell. Our leaders for the last 40 years especially has sold us out…and honestly has dug the deepest grave for us Americans. Whoever they are…they are seriously greedy and selfish…and yes will destroy the greatest country in the world.

Its important to not blame anyone in particular ..for as a country we really need to be strong and come together and help each other through some very hard times coming in the future. To write this is dividing and really it is the last thing our country needs.

Instead of pointing blame…write about something that may give Americans ideas on how to help our country. I see a lot of people complaining and crying about our situation..but what we need is innovation and creation and new ideas that can stimulate our economy. Like a new energy development that can change the way we use energy today. Just my two cents.

Novista
Novista
April 29, 2011 8:01 am

The scary thing I want to leave you with is:

According to “The Fourth Turning”, boomers will direct the response to the crisis and Gen X will follow their orders. With Millenials as cannon fodder …

Oh, and if the GI generation is dead, I and other Silents must be ghosts. Boo!

flash
flash
April 29, 2011 8:06 am

Colma raking a break from defending Jim’s nonsensical generational spew,

[imgcomment image[/img]

flash
flash
April 29, 2011 8:12 am

JQ, posing for posterity between long posts on generational theory spew and extended bouts’ of day dreaming on length of Lincolns’ cock .

[imgcomment image[/img]

I’m Flash and I can’t resist posting pictures of men with no clothes on. I can’t understand why I have this need. Can anyone help me?

Nonanonymous
Nonanonymous
April 29, 2011 8:49 am

Lisa, Congress could deal with wealth and tax disparity. Whatever solutions are attempted will have to be done at the federal level, which is where the problems reside. They’re more interested in maintaining status quo, i.e. their pensions.

Either Congress deals with it, or the people will, when there isn’t enough food to go around. It will take a while for the food riots to start, but when they do, it will be difficult to stop. Because it will also mean, Congress has turned their back on the American people. God help them and God help us all.

Muck About
Muck About
April 29, 2011 3:37 pm

@Lisa: Good post. Of course, on this thread the bar is set at ground level..

Too bad for you, your parents and your kids. You are exactly 100% right in pointing out the lack of leadership in the country for the past 40 years. I should say honest leadership – for it all started with Tricky Dick in 1973 and has gone downhill ever since.

There is, sadly, no way out of the box that the Feds have built around us. The path to either severe inflation and stagflation or the path to hyperinflation and then total disaster are the only two directions that can be taken now. Should the Feds stop throwing money at selected banks (“Special ones”) to buy Treasury Bonds, Notes, et al, the FSofA will be instantly bankrupt. If they keep doing what they are doing now, we will, eventually be bankrupt as well, only with a far bigger fall and perhaps the destruction of the Republic.

I’ve waited this thread out to make a comment because of all the monkey poop has been hard to avoid in negotiating the thread. But I just threw away my rubber boots, so I feel better now..

MA

Tie Dyed Tee Shirt
Tie Dyed Tee Shirt
April 29, 2011 4:05 pm

Wow, just a double dog Wow. Jim, you outdid yourself this time with this rediculous childish hate rant about the boomers. Much of what you said is very very true however I take offense as being one of the few who did NOT act like the typical Fuckhead boomer. Even though I am a boomer and I have always hated my generation for what they did and how they acted. I never took part in any phase of their illusion or our country’s destruction. Not the house buying, not the debt, not the new cars, not the vacations, not the worthless kids that act like you just did in this article, not any part of this wastefull and narcissistic generation.

I guess you would like to blame the fact that you’re generation’s current youth population is the dumbest on the planet. The children of your generation in this country are the most uneducated in all the world of all the developed countries. They score the lowest test scores in reading and comprehension, math and science skills against all developing country’s children. You’re generation’s kids have the highest dropout rate in history, the highest teen pregnancy rate in history. They have the highest level of addictions to sugar, Android/i-devices and techno-texting trinkets. They have the lowest initiative of any generation of children and they are addicted to hero worship and Idol mania of which you and your generation have created for them. You and your generation of parents should all be jailed for the job as parents you are doing. You and only you, (not the Boomers) are destroying your children’s future with your lack of responsibility and your “Lets Blame the Last President or Generation” for everything that is wrong attitude. What you and you’re generation are doing Mr. Quinn is far more criminal than some boomers buying second homes. We did not stab our children in the back as you have. Now blame the failure of your generation’s children on the Boomers with your next sand box hissy fit.

You are quite probably one the most intelligent writers on the internet and certainly close to being my most favorite. But you broke a cardinal rule with this childish rage rant that Obama likes to use all the time. He is constantly blaming the last president for all his current fuck ups. I believe you may have written about this priviously. At what time do you and your children’s generation start taking responsibility for being the most undereducated least productive most addicted group in American History?

This rage rant you did here serves to accomplish but one thing. Increase hatred and violent feelings among your snot nosed generation for those who came before you.

Muck About
Muck About
April 29, 2011 5:45 pm

@Tie Died: My wife and I had the pleasure of raising two boomer daughters. Both of good intellect, well behaved (until puberty) and taught right from wrong at an early age, made to carry their share of the load to earn what comes from that effort. Right up to the time that peer pressure forced them into identical bad decisions at around 17-18. I love them both equally but both of them started making a string of bad decisions that has almost ruined my youngest daughter’s life and the older daughter is finally (at 52) getting her act together.

It was not for being left out on the brains, nor the information and teaching that we personally gave them. It was peer pressure, attitude and the general drift of seeing those peers behave in certain ways that got them both in trouble. My eldest daughter followed her Mom and Dad’s suggestion when she evidenced a desire to purchase an old Revolutionary mini-farm in CT. about 15 years ago (her husband was a career Navy man at Groton at the time). I showed them both how they could take this old relic (solid underneath but badly used) and, using _cash flow_ restore it, over time to do what my daughter dreamed of doing – running a bed and breakfast in a unique and lovely setting.

To my utter horror, instead of using cash flow, after a few years, they got caught up in the never ending Ponzi scheme of refinancing the place and sucking money out of the new “valuation” and mortgage to hurry up the process and improve their life style. Instead of ending up with a beautiful place that would have paid for itself in a few more years, they ended up at the crest of the housing market with a beautiful place that was leveraged out 3 times the amount they had initially paid for it and went almost bust in the process.

They eventually sold it and were not completely underwater – but far closer than they ever expected to be after putting 13 years of hard labor and money into it.

All their fault and I didn’t hear about it until it came time to sell it and finally move on to other endeavors. I almost croaked – but didn’t say a word except to gently make sure they knew what they had done to screw the pooch.

So even with the best of (asked for) advise, they still managed to get burned to the point far exceeding pain.

So I am at a loss as to why boomers as a class (never judge an individual because he may turn out to be a winner compared to his peers) seemed to push themselves into this “gimmee” gotta have it all right now corner. I just know that it happened and there is now (with exceptions) hundreds of thousands of middle aged people that s_t_i_l_l don’t have a clue and feel short changed by life when they’ve done it all to themselves. I don’t understand it.

And, for the most part – with exceptions – they’ve failed their children by making the single parent household the norm and latchkey kids spending 5 days with Mom and 2 days with Dad and all that crap have just about destroyed the traditional family.

Boomers as a rule, have no sticking power. If it doesn’t work, quit. If you have an argument with wifey, smack her in the chops and walk out rather than try to work it out. If the job isn’t good enough for your ego (and boomers have very large, bright red, knobby egos), well then quit and turn into a member of the FSA in good standing and screw the wifey and kids.

I have a grandson with a Masters from the best Art school on the East Coast who’s pushing coffee in Starbucks and playing with a rinky dink band for nickels or dimes on the weekends. His girlfriend is so screwed up that her facebook page is a place where psychologists come to study odd behaviour. So the boomers are passing bad judgement and no guidance on down to their children and we are fucking doomed..

I need a drink and will have one real soon now..

MA

Reverse Engineer
Reverse Engineer
April 29, 2011 6:14 pm

“So I am at a loss as to why boomers as a class (never judge an individual because he may turn out to be a winner compared to his peers) seemed to push themselves into this “gimmee” gotta have it all right now corner. “-Muck About

You can’t figure this one out? Good Grief man, its OBVIOUS. Perhaps Captain Obvious will ride to the rescue someday.

[imgcomment image[/img]

RE

Colma Rising
Colma Rising
April 29, 2011 9:03 pm

[img]http://t1.gstatic.com/images?q=tbn:ANd9GcTIJELcaW19sWK_BhqTNQRKpkytSjK5FrODRBaNUPOxfCOfUs1xsQ[/img]

(RE navigates the slippery slopes of boomerhood)

flash
flash
April 29, 2011 11:22 pm

You kids are fucked up due to the fact that you raised them to be Godless heathens.
Don’t blame it on a generation.The blame rests in you method of parenting or lack thereof.

Galatians 6:7-8 ESV

Do not be deceived: God is not mocked, for whatever one sows, that will he also reap. For the one who sows to his own flesh will from the flesh reap corruption, but the one who sows to the Spirit will from the Spirit reap eternal life.

Novista
Novista
April 30, 2011 7:22 am

flush

It’s obvious you know nothing of generational theory — and that you don’t read comments which blow your idea of parenting to shreds. Like muck’s. And I could give you countless examples of kids who superficially hew to their parents’ example — but on their own, and probably influenced by peer pressure, are like Jekyll and Hyde personalities.

Of course, there are always exceptions to broad generalizations, but, by and large, youth follows its own cohort. It was always thus.

In an Egyptian tomb, there is an inscription loosely translated as: “The youth are going to the dogs.”

Also, godless and heathen is not an invariable coupling. One doesn’t have to bash the bible to have an ethical sense. And, in some of the colonial Puritan sects, good works and right thinking meant nothing: you might still be a heathen and God would have Chosen you as one of the Elect.

I encountered a variation of that many years ago — a young woman who asserted she was “born-again, saved … and it doesn’t matter what I do now.”

Maybe that’s why “”In My Father’s house are many dwelling places; if it were not so, I would have told you; for I go to prepare a place for you.” John 14: 2

museman
museman
April 30, 2011 9:15 am

Categorizing a group of people under one title like Boomers, then deriding that name is called discrimination. It foments prejudice and is the cause of some of our country’s worst moments. “Boomers” are also responsible for some of our country’s best moments.

flash
flash
April 30, 2011 10:48 am

Novista -but, by and large, youth follows its own cohort. It was always thus.

Sans the moral compass provided by the parents teachings of Christianity many weak in spirit are easily influenced by the peer pressure from the amoral and selfish, but this in no way i8s unique to any generation.
The so called Greatest Generation at the behest of the Lost generation went on one spree of wanton destruction and genocide unrivaled in the history of the world. When examined for authenticity it’s no wonder the values of that generation were rejected by their children.
Every generation shits in the nest until the nest overflows and a new one has to be built.
But who will build?
Certainly not the fat-assed toady little milksop generation of James Quinn Nor their uncalloused Emo offspring .A blister is so rare among that age group that medical attention would be necessitated by the appearance of one.

Generational theory is just some bullshit to explain away the consequences of living outside the law of God.
You reap what you sow and we are all individually responsible for our own.
God will not judge according to generation which is proof enough for me that no one generation has a monopoly on either sin or righteousness.

Hillcountry
Hillcountry
April 30, 2011 11:27 am

Just love this thread!!! Born in 1953 and have been harassing my peers for most of my adult life re: playing along with such a rigged system. Always counselled younger folks to stay away from the 401K scam as the rules would be changed and to use inflation calculators to see what’s really happening. Made $10 an hour working at the Ford Rouge plant building Mustangs in 1972 and as of 2010 it would equate to $51. Never made more that $25 an hour in my whole life even with a highly specialized electronics manufacturing career over 20 years. Never planned on an entitlement and opposed the Boomer agenda in every way. No house, no debt, no illusions, no shit. There’s a few of us around but not many. Here’s a song I wrote last year to encourage bringing down the system and protecting oneself from the denouement of the dollar. Read it out loud to the tune of Big Bad John by Jimmy Dean.

Better gitcha some gold,
Quick as ya can,
‘Cause they’re just about done,
Playin’ Kick the Can.

Time’s runnin’ short,
This dollar’s goin’ down,
Git outta the casino,
If ya don’t wanna drown,

In worthless paper,
‘N leveraged debt,
And all the promises yet
To be unmet.

There ain’t much time,
So git a move on,
Like the rich folks’re doin’
Before it’s all gone.

And let them bankers wallow
In their paper pit,
But let ’em know
We won’t forget,

How they played us for fools,
‘N stripped us bare,
Stole our labor,
Yeah, they gave us a scare,

But now we seen the truth,
We seen how it works,
We seen the fraud,
‘N we seen the perks.

It was a rigged shell-game,
Right from the git,
‘N their promise ain’t worth,
A bucket ‘o spit.

So gitcha some gold,
For startin’ over again,
We got rebuildin’ to do,
It’s just a matter of when,
We got rebuildin’ to do,
It’s us versus them.

Old Soldier
Old Soldier
April 30, 2011 3:02 pm

So here’s the deal. Medicaid and Medicare. Boomers have been paying those taxes all our lives. Who has collected? Silents, mostly. Social Security? Yep, same deal. I am a mid boomer – ’55. Dropped out of college in ’74, went to work. For those of you who don;t remember, that was the first “oil shock.” Savings? Yeah, right. In fact, what Administrator may not understand is that for the second half boomers (’55 on to when ever you choose to start Xers), it’s basically been sort of sucky. The first half boomers had a great time. They got the free love. We got to be careful about AIDs. They got the last of the low mortgage rates as they started buying houses. We got the top and the back side of the housing boom collapse. And not just once – over and over. Basically we have paid a lot of taxes, a lot of interest on mortgages, and a lot of educational fees for our kids. Oh, yeah, and medical insurance for the kids, too. Now, as the first half of the boomers begin to retire, we get to put up with a good deal of bitter talk from the Xers, etc., about how good we had it. Yeah, right. We get to keep working. We get to keep paying taxes, And we’ve known damn well all our lives that we are probably never going to collect on all the “good deals” that the Silents and first half boomers voted for themselves. Look at military retirement. There are three separate plans now in effect. Silents and first half boomers got it good. Second half boomers and Xers got the short end of the stick. We’ve paid the taxes all our lives, and now we get told that “just wasn’t good enough.” “We should have saved more.” Yeah, right. When we had the disposable income before the kids came along, the economy was going to hell in a hand basket. Just because you are too young to remember 14% inflation, and 10% 30 year mortgages, doesn;t mean somebody didn’t have to deal with that. That was us. Then came the kids. Know why so many Xers were “latch key kids?” C’mon, think. Because, for the first time ever, mom and dad both had to work. Even if there wasn’t a divorce involved. Day care? Not cheap. But I suppose we should have saved more, right?

I suppose we should not be disappointed. Second half boomers always knew it was going to end badly. Now Ferris Bueller has just discovered that he is going to have to pay for the car he trashed. Oh, poor Ferris. Kinda sucks, doesn’t? Maybe, you are more like being a second half boomer than an Xer after all… Nice of you to invite us to joint you, but we already sort of did. At least, we paid for your share, through a lifetime of taxes and “good deals” that went away just as we got to the head of the line. Now you want to tar us with the first half boomers that DID get all the good deals. Yeah, sure. Go ahead – talk to the hand. Mine has callouses on it – does yours?

printmemoney
printmemoney
April 30, 2011 3:32 pm

1 zip bruins….in case you weren’t watching

printmemoney
printmemoney
April 30, 2011 3:35 pm

Old Soldier –

this is not the smallest violin playing for you, this is no violin

get over it and do what you need to do to prepare for the upcoming collapse, if voting for more entitlements for yourself is what you have to do – do it

printmemoney
printmemoney
April 30, 2011 3:40 pm

in response to below….i put my response above because i don’t want you to have the read what I’m responding to.

FUCK YOU RETARD…..take your glenn beck god talk elsewhere….lemming

Novista -but, by and large, youth follows its own cohort. It was always thus.

Sans the moral compass provided by the parents teachings of Christianity many weak in spirit are easily influenced by the peer pressure from the amoral and selfish, but this in no way i8s unique to any generation.
The so called Greatest Generation at the behest of the Lost generation went on one spree of wanton destruction and genocide unrivaled in the history of the world. When examined for authenticity it’s no wonder the values of that generation were rejected by their children.
Every generation shits in the nest until the nest overflows and a new one has to be built.
But who will build?
Certainly not the fat-assed toady little milksop generation of James Quinn Nor their uncalloused Emo offspring .A blister is so rare among that age group that medical attention would be necessitated by the appearance of one.

Generational theory is just some bullshit to explain away the consequences of living outside the law of God.
You reap what you sow and we are all individually responsible for our own.
God will not judge according to generation which is proof enough for me that no one generation has a monopoly on either sin or righteousness

printmemoney
printmemoney
April 30, 2011 3:41 pm

uh oh tie game, admin’s gonna talk shit

printmemoney
printmemoney
April 30, 2011 3:59 pm

@tied dye tee shirt

What you and you’re generation are doing Mr. Quinn is far more criminal than some boomers buying second homes. We did not stab our children in the back as you have. Now blame the failure of your generation’s children on the Boomers with your next sand box hissy fit.

in reference to above

I no longer read admin’s rave on the boomers. However, you calling him criminal is criminal. You are a retard. It’s the boomers fault. It’s human nature’s fault. It doesn’t matter. We need to prepare.

On admin’s behalf, he won’t block my this YOU ARE A FUCKING RETARD, and YOUR ANGER IS MISGUIDED. fuck, some people need the background to see the light

Hey You!
Hey You!
April 30, 2011 4:09 pm

Like some perceptive readers point out, some members of the boomer group aren’t complete boobs.

All my “boomer” kids except one HS dropout earned college degrees without student loans. In fact, one came out with close to a kilobuck more than when he entered college. Just goes to show what being raised by frugal parents who survived the depression can do.

However, there is typically a break between generations because, usually, “They make the same mistakes that their grandfathers made”!

printmemoney
printmemoney
April 30, 2011 4:57 pm

@hey you

send your social security check back, obviously your kids can take care of you

Thunderbird
Thunderbird
April 30, 2011 5:54 pm

I am a so called boomer and a Viet Nam Vet. I was not drafted but volunteered. I missed the scum bag drug generation that protested against the war, has free sex, and treated the vets coming back from the war like shit, and took the reins as bankers, business people, and politicians that ruined this country for their greedy ends. These people are todays liberals and still self centered. For a few dollars more I would contribute to funding the bounty hunters to take these scum bags out. Want to know what happened to our country – look no further than the 60s generation that did not support our vets. Now we have one for president. How pitiful. This generation is going to lose everything because of their self center greed. But the country will go on. In the end wealth means nothing. Value is in wisdom; something this generation does not have.

Reverse Engineer
Reverse Engineer
April 30, 2011 6:10 pm

[imgcomment image[/img]

RE

flash
flash
April 30, 2011 7:51 pm

rintmemoney says:

in response to below….i put my response above because i don’t want you to have the read what I’m responding to.

FUCK YOU RETARD…..take your glenn beck god talk elsewhere….lemming

Typical…No respect for the creator.And this is why the militant Godless asscracks of the X and Y jerkanation are going to get their asses smoked.

Welcome to the hell of your own creation sonny,I trust you have other skills besides keyboard cowboying .You’re gonna’ need them soon.

flash
flash
April 30, 2011 7:53 pm

@ printmemoney .
Were your parents mongrels too?

flash
flash
April 30, 2011 8:10 pm

printmemoney says: On admin’s behalf, he won’t block my this YOU ARE A FUCKING RETARD

Pot is that you?

flash
flash
May 1, 2011 12:18 am

@printapissantmoney ‘cuz ther eiz no existence otherwize.\\\\

Novista
Novista
May 1, 2011 7:23 am

@ old soldier

Somehow your username doesn’t fit your profile. Whatever. Guessing you forgot a detail.

The main thing here is, you kind of missed out on the GI generation. You know, them what came between Silents and Boomers. A little thing like WW2 that many of them were actively involved in. As a reward, they got the GI Bill, and all that entailed. And as they matured, they were the genesis of AARP. And yes, those early Boomers carried it on and them some.

This Silent got his Social Security card in 1948, which came with a little pamphlet of “how you are saving for your retirement.” That was a lie because it was really a Ponzi scheme. The first who were scammed were “paying it backward” to those who came before, the Lost Generation, maybe you forgot that one, too. Of course, I had the fun of being born to a poor family, in the midst of the Great Depression, quite unlike your tale of woe … but I remember my first mortgage, right after my experience of the peacetime draft, up close and personal. And stagflation, and Nixon’s wage-and-price controls (well, half of the plan worked). Et bloody cetera. So what, it is what it is.

Ask yourself if you would trade your life for a Gen Xer. Maybe you’re just pissed at them because they understood the scam earlier than you. Think what they and the Millenials have to look forward to.

Have a nice day.

therooster
therooster
May 1, 2011 3:32 pm

Don’t miss the endgame. The advent of real-time gold as a form of currency has only evolved as a result of the advent of the free-floating USD by fiat. For those who may be confused by the facts, the USD’s floating status, as per the severing of the fixed price peg to gold, is what set dollars and gold free to float against each other. It was only in the mid-1990’s however, that fully backed gold ownership title was digitized and could be used as a currency over the internet. The ability to buy a stick of gum or a luxury car with a fully backed, debt-free store of value in the twinkling of an eye has arrived and come to full fruition. None of this could have taken place without the advent of the free-floating dollar back in 1971.

In the fiat paradigm, the dollar is the currency we have become accustomed to.
In the newer (and growing) real-time gold-money paradigm, the dollar still plays an important role, however, but NOT as a currency. The dollar is an important measure in the reunification of weights and measures in REAL-TIME. When purchasing anything priced in a fiat currency that is to be paid for with gold weight, something must bridge the two different paradigms. That something is the real-time “measurment tool” of the USD ….more specifically, the real-time price of gold, as expressed in floating dollars.

Don’t count the dollar out. Just count it out as a popular currency.

david
david
May 1, 2011 3:37 pm

Can’t resist putting in my two cents’ worth, even though there are so many comments. I’m a boomer, born in 1949, so I feel qualified to comment from the inside. I can tell you, I can’t remember any of my classmates coming up through grade school or high school EVER doing the right thing, except by accident. Then when the error was discovered, it was quickly rectified.

On to college–1967-1971. This ethically and morally challenged bunch I grew up with suddenly felt they were destined to show the way for humanity–especially for that bunch of cretins we called our parents–to the new age of enlightenment, hope, peace, and justice. Kind of chokes you up, doesn’t it?

Even at the time, I realized the radicals were a bunch of hypocrites. All the fair talk of justice and righteousness was hokum, pure unadulterated BS from a bunch who wouldn’t know integrity if it bit them in the ass.

Once they’d had their fun, and dissipated the force of their righteous indignation against the older generation for about a decade or so through long-running series such as MASH and All In The Family, they settled down to the real business of life–indulging themselves. Incredible how the dope-smoking maggots suddenly fit into three-piece suits. This was about the time that Land’s End got started, giving the boomers their new traditional look for their new direction.

From there, the pursuit of only the best took flight. It was fine cigars, wine-tasting parties for all the new discriminating class, country estates, luxury SUVs, and on, and on, and on. Everyone was a cognoscenti of some esoteric nicety. The idea of being happy with enough kind of got lost in the shuffle. But it all went bust just a few years ago.

Couldn’t have happened to a nicer bunch of guys and gals.

david
david
May 1, 2011 3:44 pm

A final note–I’ve often felt sorry for the generations that came after us. We at least had some connection to reality through our parents, even though we rejected it. Those coming after us are totally cut off–because they’re OUR kids. What the hell in terms of values could we teach our kids? Now they’re totally adrift, without even the memory of a saner society, which we boomers have. Unfortunately with us as mentors, you’re all going to have to reinvent the wheel. Good luck to you all.

Old Soldier
Old Soldier
May 1, 2011 11:09 pm

@ novista

Yeah, I forgot the GI generation. That’s my mom and dad. Dad did 27 years in the Coast Guard. Retired. He is now making more as a retiree than he did on active duty. I sort of figure my taxes have been paying part of his retirement all along.

@ printmemoney

I have never voted for an entitlement in my life. I own no stocks except livestock and rolling stock. My investment strategy is farm land, capital equipment to work that land, and a careful selection of heavy metal to protect that investment. So, yeah, I am getting ready for the collapse, and have been for a long time now.

I am not pissed at Xers at all. Why should I be? Many have worked for me over the years. They have generally been hard workers, who tended to leave work promptly when the time was up. For good reason, too. They had other things to do, and working for the man was a way to earn income – not a holy undertaking. Lots of boomers always have treated a career as something more than a job, Xers, not so much, So yeah, the Xers pretty much saw thru the manure early on. More power to ’em.

My point in general is that the screed that a specific generation (boomers writ large) is to blame for where we are at is a false assumption. Boomers didn’t create Peak Oil. Boomers didn’t tell Nixon to close the gold window. Boomers didn’t set up the Fed. Yeah, there were a lot of us born in the boomer window. Statistically, that meant more sociopaths around than has been the norm for the human race. Those same sociopaths encountered what we once called a “target rich environment.” Most of us were just trying to pay bills and remember what the hell actually happened in the 1970s. Working together with the Xers we fixed a lot of broken shit. After Vietnam, the services were flat busted. It wasn’t until the late boomers and Xers got in and fixed the system that we managed to get most missions accomplished on time and on target for a change.

The late GI generation leadership, and the early boomers managed to lie to each other so much that the entire system was screwed. Unit Status Reports were masterpieces of BS in the late 70s and first couple of years of the 80s. And then the drug tests came in, and the dopers left or were thrown out. And we “deglamorized” alcohol and took the beer machines out of the day rooms, and got down to business. It wasn’t just late boomers, it was mix of late boomers and Xers who fixed the shizzle. Has been all along.

It was late boomers and Xers working together who kept Y2K from being a real issue. And make no mistake, there was a LOT of work to do to fix the built-in shortcomings of legacy systems with insufficient memory. As it was – it worked. Not as if there were many “thanks” or “good job” accolades passed out by the senior boomers – never have been.

Now we have yet another big mess to fix. And it will be late boomers and Xers who fix it, with a lot of work by all our kids, too,. Between Peak Oil and the coming collapse of a global fiat currency ponzi scheme. we are likely to see “globalism” go down the tubes, much as it did with the advent of WWI. (Folks tend to forget that prior to WW I, the globe was pretty globalized, too – called the age of empires, you know.) WW I put the brakes on that one, and then the Depression did a real number on it we didn’t recover from for decades.

We are going to have to reinvigorate a new currency system, put trust back into commercial finance (in some fashion – I like Credit Unions personally, but they are not much good settling international letters of credit), restore the ideas of production versus consumption, thrift versus free spending, savings versus immediate outgo (savings being dependent on a sound money, of course, as without such, you are just peeing in to the wind). We need to transition to a new electrical based energy system, more solar capture based versus fossilized energy exploitative. And we need to keep feeding some 7 billion folks in the face of declining soil fertility and a massively unsure experiment in genetically modified organism (GMO) based commercial agriculture, on which the jury of time is still out. And then there is the probable ongoing end of this interglacial period, and the subsequent arrival of the next ice age to deal with as well…

At the same time, we need to have a genuine discourse about the nature of capitalism. Corporate capitalism. The modern corporation, in its current configuration as a multinational, is a gollum – a frankenstein monster that cannot be killed, that is massively bigger than any single human, that buys and sells governments, and wastes human lives and trashes human dignity. The vast majority of the shortsighted exploitation of the planet that has taken place since the end of WW II has been undertaken by corporations. President Eisenhower warned us all – but few listened.

We cannot hold this discourse in the face of name calling and the shame and blame game. It is not a generational issue, although some generations are going to face more work cleaning up the mess than others. We have had joint stock companies as part of the human experience for hundreds of years. They just keep getting bigger, and more powerful, and less humane. At the root of the problem, one always seems to find their tentacles. IT DOES NOT MATTER WHICH GENERATION IS RUNNING THEM.

I plead now with all those who are reading these posts: we must have a discourse about the nature and future of the limited liability joint stock corporation, as an idea. I believe history has shown that, in general, they are NOT a good for humanity.

I am no Commie. State socialism is just as bad, or maybe even worse. Small scale capitalism has proven to advance the lives of humans more than any other idea. It spelled the death knell of slavery, for instance. But large scale mega-corporations are another matter altogether.

I would hope that the obviously interested and concerned posters who populate the comments here would pause for a moment and think – in whose best interest is continuing the potty mouthed blame game? (Pay no attention to the folks behind the corporate curtains. I said, pay no attention to…) There is SO much work to be done to get beyond this imploding system and into the next. We have the tools to make the next system far more respectful of individual humans. But we are being manipulated away from the investigation and subsequent discourse required to come up with viable solutions. We must work together to come up with a new paradigm (yeah, the word has been overused, but it is the correct term here, so I use it without shame). We are going to have to come up with how the next world will be structured without the help of those who are running this one. They have vested interests in trying to keep the current system alive as long as possible. Most of the rest of us, however, don’t.

As I said earlier, most of us second half boomers always knew the system we worked in all our lives was going to end badly. That end is near. It will take all of us – boomer, Xer, Generation Next, etc., to come up with, and then implement, a viable solution. The Stuff has already hit the fan blades. DO we clean up this room, or, more likely, do we need to move to a new house? Playing the blame game will neither clean up the mess in our current house, nor make it easier to find a good place to move to. So, shall we get to work and leave the fellow in the tie dye tee shirt in the corner examining his navel?

llpoh
llpoh
May 1, 2011 11:23 pm

I just rolled thru all of the posts. Really nice thread!

cantbelieveIfellforthisbait
cantbelieveIfellforthisbait
May 2, 2011 1:10 am

Well Mr. Quinn, that is about the most insanely stupid post I’ve ever seen. Lets travel back to grade school for a minute and pick up a lesson you seem to have missed: judging people by their (1) skin color, (2) nationality, (3) hair color, (4) age, etc.. i.e. anything other than what they believe in, is called prejudice and is is a royal f-ing waste of everybody’s time! And while you are getting people to waste their time and resources fighting with each other, the real culprits are making off with even more of this once great country. Nice job asshole. We’ve got plenty of work to do without your hubristic flame war.

Novista
Novista
May 2, 2011 8:56 am

Admin, thanks for the 300 accolate, LOL.

And thank you for a forum where dialogues can develop. This one was a whizzer. I came back, curiosity you know … and lo, I find potentials for further debate … and one ‘david’ that makes good points. Old soldier responds to my query with a fine essay in other areas as well. It’s all good.

Then there’s cantbelieveIfellforthisbait who won’t be back and who needs it? With the PC coloration of its comment, it was either a knee-jerk liberal … or a knee-jerker … or a jerker … maybe it needs more knee-pit … or cowbell. (Decoder rings available at the general store.)

ManAboutDallas
ManAboutDallas
May 2, 2011 8:43 pm

The tipping point came some time in the 1960’s when the “Boomer” generation lost the ability to discern between “possible” and “permissible” and it’s been all downhill from that moment on.
End of discussion.

Pirate Jo
Pirate Jo
May 3, 2011 2:15 pm

Old Soldier, are you hiring? I’d rent out my condo, pack up the dog, and head to wherever you need an employee.

KenJ
KenJ
May 4, 2011 4:24 am

“While blaming FDR and the GIs who stormed the beaches of Normandy for creating the unfunded Social Security and Medicare liabilities….”

Unfunded? Since when? Us baby boomers put plenty of money in Social Security over the past 40 to 50 years. The surplus that should now be available was spent by our government year after year and basically an IOU issued to the trust fund. That fund was set up to pay for retirement, not be slush fund for excessive government spending. Not looking for a handout, just looking to get something back after many years of paying in.

Medicare? Comes out of every paycheck. Underfunded?…yes, but not unfunded. Some accuracy please.

dizzyfingers
dizzyfingers
May 16, 2011 11:51 am

Verrrrry interesting. Is there a Part 2?