Millennials will never own a house or start a family. It's not their fault. They have inherited a mess.
Every day the government creates money to pay for itself. This devalues all the currency in circulation. So now an unskilled job in 1970 would pay about $40 USD per hour ADJUSTED FOR INFLATION if wages had kept pace with house prices.
Government and ALL public servants are on the same payroll as welfare recipients and are stealing wealth by destroying purchasing power.
Boomers will keel over as young or younger than their parents also. This is the drugs+STDs generation we are talking about. My father in law died before his father and this isnt an uncommon occurence.
Thomas Bell
No - the currency is devaluing. and advocating for a real money supply is rightwing - not commie.
I said in the OP, government and public servants are basically welfare recipients. There is NO WAY you can interpret that as "commie" unless you are a complete retard or a shill.
This is common tactic here. Attack our positions from the right. So you don't think we should have any gov employees? Are they all welfare recipients huh? Being handed down a mortgage-free McMansion I can flip on the open market is the price of devaluation huh? Why don't you come back to us after you have gained some real-world experience?
Bentley Wood
currency is devaluing because government keep printing money out of thin air.
Chase Taylor
Im saying you cannot indefinitely borrow money at interest, pay yourself with it and then have a generation who can manage financially.
Millennials have the internet and so have lost faith in the system. They know its a scam. The goyim literally know
Yes. Its also getting printed at interest and interest compounds. > >
Ethan Green
Sure you can. We are the only game in town and the game is based on confidence which is backed by our military and ability to maintain stability. The fed isn't going to call in what its "owed" any time soon. I've been hearing this shit for 20 years and while some commodities remain high everything else is cheap as fuck. A new computer cost 2k in the 90s for fuck sake. You probably have your monitor sitting on a stack of laptops right now. That 14 year old spent his money on drugs and alcohol and will pass on many assets to his son at an early age.
Jonathan Barnes
>Sure you can So what happened in 2008 with the financial crisis? No one can keep creating fiat currency indefinitely and every one has failed. But everyone thinks like you do. Strange
Jacob Cook
>Be 1993 fag >skilled >get a few job offers >no car or licence >"well call you back" >never get a call back
Umm a correction? I don't know about you but my family bought up tons of commercial and residential real estate on the cheap.
Its simple man no one has anywhere else to put their value but the US dollar. Euro is on life support because of the future collapse of Europe, The BRICS nations don't trust each other and neither does the rest of the world. We literally can't lose because it's a defacto position. We win by process of elimination. Where is the compitition to the dollar? Ill wait.
>Umm a correction No - bailouts are not a correction. they are unprecedented. Banks literally had no currency.
>Where is the compitition to the dollar? Gold / silver. Even Bitcoin would be an answer, but I dont trust it. Also theres the Chinese Yuan. The east is riding and the west is falling.
>Commodities Fucking brainlet they have worse manipulation than fiat. Its the whole reason we went to fiat. The Nazis tried this and failed and were deeply troubled by foreign manipulation of commodities and thus markets which is what drove them to try to become an autarky. Guess what though? The only autarky is the US. Geopolitics and shit.
Jacob Green
I'm poor because I have schizophrenia and can't work with people.
If you can work, you're not poor.
Jose Martin
The simplest solution is to default on the debt. The justification is there: the debt was accrued by the older generation who are no longer able to keep up with the repayments. Furthermore, we don’t punish kids for the sins of their fathers.
If I ran this bitch, I would default on the debt tomorrow and dare any motherfuckers to step up and start shit.
Joseph White
earning "dollars" isn't making money. Its indebting. > >
Jackson Morris
Good, we've need to hit the reset button on Western Civilization since the bad guys won WW2. This is a blessing in disguise.
Tyler Thomas
>T. Country that sold itself to the Jews in the 1600s. I think we are doing just fine without you. We might even give you a leg up with some trade deals. At least your gov isnt as dumb as you and saw the writing on the wall which is why Brexit is happening.
Isaiah Williams
Well if you're not converting your wealth to guns, ammo, land, etc then you're doing it wrong. Most people who make are smart enough to choose a 6 figure part time job (dentistry) know enough to obtain actual money.
>worse manipulation than fiat Its the fiat thats being manipulated, obviously. 1oz Gold remains the same weight - that's the point. I think you know this, but are employed to damage control by shilling the debt based fiat ponzi system.
Yeah no. Our energy producers are helping us gain dominance and now we are number one oil exporter in the world. Saudis are trying to diversify because no one wants their oil they want the US supply. Fucking plebs in here with their disguised communism. This faggot here thinks people were better off in the guilded age when gold had power. City of London holds all the power. Its why nigel is bitching about being poor and has nothing to do with his grandpa.
Elijah Sanders
For niggers and spics.
Xavier Fisher
Who you gonna flip that McMansion to?
Colton Green
Default on the debt would initiate the economic collapse. It's not a solution, but economic collapse is inevitable anyway.
Most debt is owed to private citizens. Your bank reinvests your money under government manipulated interest rates that are too low. Banks are only required to have a fraction of what they owe their clients in liquidity. Defaulting on the debt would pretty much evaporate everyone's savings. A flight into real values would further reduce the value of money to nothing. After this we can reset by going back to the gold standard and fucking never repeating this shit again for gods sake.
Alexander Rodriguez
I think you've gone off topic. The point is, working in the past paid, thats why boomers have houses. Millennials don't because the currency is worthless. It doesn't matter if millennials are lazy or hard working - they can work as hard as they are able and will still earn pocketmoney-tier value compared to house prices and cost of living.
Jackson Collins
>Everyone is a Tsoyim apartment dweller. Probably an up and coming coal miner and his family.
Samuel Morgan
Its easy to work out what happened stop blaming boomers.
>>Someone wants to rent business premises. >>Gets loan from bank to buy building >>rents out rooms at a slightly higher price than the previous landlord because of debt
>>Someone wants to start a business in the building previously, borrows money, rents office has to increase price of product slightly to account for debt
>>Someone wants to start a business using the products made previously, gets a loan from the bank, has to increase price slightly to account for debt.
At every single step of the economy debt is taking its cut. It's more than the tax the government gets.
Because people can't save. The simple fact the entire economy crashes when peopel can't borrow money anymore is telling of the underlying issue.
Owen Hernandez
Now you don't have to work to get paid. There is so much wealth around that we have an entire drug-addled generation living off handouts from their families. In America, the "poor" check their foodstamp balance on a $1k cell phone.
Sebastian Brooks
Yes - but a dentist working 1 hour in 1970 earned way more than a dentist working 1 hour today in terms of guns, ammo, land etc.
Thats my point
Nolan Phillips
Brit dentist starves in both times though.
Charles Butler
(((City of London))) is the base of operations, makes you think why the Rothschilds live there.
Christian Price
Exactly. The only demographic that can buy a McMansion is other boomers
Angel King
>boomer wealth >handed down Lmao no government will steal it through death tax if any is left from boomers spending it wildly
Austin Cook
>This faggot here thinks people were better off in the guilded age when gold had power. Im saying currency has to be fixed to a value. I'm not saying we need to have gold and silver coins, I'm saying what a hour of the same work can buy for one generation needs to be the same for subsequent generations.
I'm sure you understand this but are damage controlling horribly
Joseph Reyes
Plenty of non basement dwellers are buying housing. Housing is in an uptick and is expected to grow.
>Conventional 97 The Conventional 97 is a low down payment mortgage program which allows first-time home buyers and repeat buyers to make down payments of just 3% against a home’s purchase price. The Conventional 97 can be used for primary residences where the mortgage loan size does not exceed the national conforming loan limit of $453,100.
These just became easier to get. By all means sit here raging against the machine though while chad is boning the women and putting down payments on investment property.
Cooper King
This is misleading.
Jaxon Price
>disguised communism Im speaking down government workers and advocating an honest money supply.
The fiat system is pretend money, like communists had
Mortgages is not "buying a house". Anyone getting a mortgage is greatly overpaying for an incredibly overpriced property. Because they are using fiat currency to pay for it.
That reasoning is solid if you assume there is infinite demand at whatever price. Clearly this is absurd. A landlord cannot name his price. He is subject to market prices. If it is profitable to take out a loan and offer housing at market rate in an area then a loan can be taken out and a profitable business can be had. If the market rate has been reached and new accomodation can only be provided above market price then the business will not be profitable and capital is consumed.
Now the above argument holds true in the free market, where loans are given out by private entities. However, when the government steps in because "the rate of interest is too high" and starts providing banks with money for loans, these new loans can only be provided at a lower interest rate and therefore push down the rate of interest. This makes projects that were previously seen as not profitable SEEM profitable. However, the supply of capital and the demand has not changed, and this illusory profit incentive MUST in the long term lead to malinvestment.
That is the underlying cause of the boom bust cycles. The government through inflation and manipulation of the interest rate initiates a process of malinvestment that needs perpetually more credit. This process must come to an end in one of two ways: 1) Inflationary measures are stopped because of a fear of a flight to real values, 2) Inflationary measures are continued and the flight to real values happens.
When this happens projects can no longer procure the capital they need to finish and are forced to liquidate. Prices of goods plummet and temporary mass employment ensues as businesses go bankrupt. After this there is a period of economic depression where the capital that was wasted through malinvestment needs to be built up again through forced saving.
Forced saving follows forced spending.
Grayson Allen
Because you are pushing destabilization disguised as right-wing talking points about sovereignty, taxation, currency etc. This is the Russian position that has been spread online since the "truth" movement began. You could just be some unwitting mockingbird but I doubt it.
Nazis lost. I'm interested in winners. Also, the Nazis tried using gold but it was untenable. You would know this if you weren't a useful idiot.
Grayson Roberts
the destabilization happened in 2008, and it wasn't due to a pol thread. It was due to the currency lacking value.
Luke Foster
The currency is just fine. Even better than 2008.
Henry Brooks
Misleading might not've been the right term. Vague might be better, because some things aren't clear. For one, that economic collapse occurs as a result of national debt isn't at all obvious. For two, it seems to be talking about the fractional reserve system (borrowed into existence) but it's not clear how banks participating in this are raising the national debt, since most debt comes from individuals purchasing government instruments.
If you can clarify those things, it would improve the quality of the image.
Christopher White
>Up and coming coal miner. Please be bait.
Asher Reyes
They were right in this regard. They lost precisely because an honest money supply. A nation that values debt as currency can spend as much as they need on war.
For the record - I'm not a neo-nazi stormfag, but nazis were right in this regard
No - its mathematically demonstrably not. But I guess you wont be back to hear the ridicule after the inevitable collapse
Daniel Carter
No it won't. Before taxes, those 6 kitchens renovations done in the last 15 years, the 4 new laundries, the kids' rooms changed into a never used gym room, refurbished twice, the 3 new bathrooms in the last 5 years, plus the heated floors; not to mention all of the brand new cars, new top of the line appliances for the whole house and the bi-annual vacation trips. After taxes, it's a pittance, we're more likely to inherit debt than liquid assets.
Daniel Davis
I'll do this
Adam Parker
My dad is dying of liver failure and I don't even know how we're going to pay for his funeral, let alone have an inheritance
Michael Ortiz
Yes. My Family left France and came to America and killed swathes of Mexicans and Indians, with some dying at the Alamo, to ensure that I do.
Asher Howard
Am a millennial with a house and a family, and it really wasn't that hard...
Jayden Collins
Paying annual property tax is not "ownership"
Connor Evans
Guess he shouldn't have drank up your families earnings. Not everyone will be a winner and there are no consolation prizes.
Jason Hughes
Show proofs. How many non-conforming loans are being issued?
Camden Taylor
It's because of cheap labor brought in via immigration. Largely illegal. It depresses the wages.
Isaac Brooks
This is how a complete wanker would respond.
Thomas Martin
This is part of it yes
Joseph Morales
Yes, it is. Paying a tax on a thing you own doesn't deprive you of ownership of the thing in legal arguments. Well unless you live in Europe or some other archaic shithole without a developed notion of property rights.
RP lost and the only thing he ever accomplished in his life was naming a post office. Fuck off loser.
Brandon Myers
I paid for my Wanker License from your gov so they give me a pass.
Kayden Reed
I'm not asking to be a winner. Hardly any of the boomers have anything left to give us. They are all going to die tens if not hundreds of thousands in debt.
Jonathan White
>Yes, it is. No - its like a rent. Serfs cant own property, only lords can and I guess you aren't a lord.
Angel Hall
Mass third world migration suppresses wages, systemic unemployment suppressed wages
Labor is a commodity like anything when supply > demand the price goes down
The real reason globalist kikes and eggheads are worried about low unemployment and less 3rd world era coming in isn’t “inflation” or “lack of workers”. It’s having to compete for employees and actually pay good wages
Do they want “diversity” and globilisation out of aultruism or “the needs of modern society”
Maybe your loser dad. Many of them have lucrative pensions.
Thats why people fled your country in the millions to come and fight and die here. Sure thing, maybe something is lost in translation to urdu for you?
Jordan Stewart
yes - those who advocate an honest money supply won't win because the debt slavery will end and the powers that be dont want that.
James Wood
Just gas the boomers! 95% live under the welfare. Dude, you're obviously a nigger, you live in america.
Ryder Foster
Do you think you get to inherit a pension?
Benjamin Sullivan
That's called idealism. It's funny because you shit on the left ( I do also) for egalitarianism which is a form of idealism but you either 1 lack the self-awareness to see this or 2 are yourself a leftist shill.
Jacob Cook
>Thats why people fled your country in the millions to come and fight and die here. Sure thing, maybe something is lost in translation to urdu for you? this is just - off topic derailing. Thats the only thing you can do at this point as you have no argument
Because the evidence that defeats your claim is the de facto superpower status, the increasing home sales, improving the economy, the losses of your own empire and the defeat of idealism like trying to fund wars without debt or fiat currency.
Ryder Sullivan
explain why there is more debt than capital if this model does not spiral out of control?
Nowadays you cant even get into the game without first getting into debt, be it a business or property.
