1972 ; Currency is disconnected from value allowing it to be printed to infinity debasing it on the way. Boomers are 7 - 27 years old.
1972 - 2001 ; Boomers ride the biggest most consistent rise in debt that has ever happened ever.
2001 ; economy shits the bed and has never really recovered. Corporate bailouts become a thing. Boomers bail out their own corporations. Boomers are now 36 - 56 years old. Established. Home owners. Children. Families.
2008 - The debt binge has banks bankrupt and need constant bailouts to stay afloat starting with $700Bn. Boomers bailout their current accounts and pensions. Boomers are 43 - 63 years old.
2019 - Boomers have orchestrated this regime of constant bailouts to keep their pensions funded. Boomers retire en masse. Constant bailouts are needed to keep the economy afloat. Boomers are 54 - 74 years old
Someone should make a video of the boomers from Gears of War going "booooom" and then showing their weapons hitting shit like "wages", "home ownership", etc.
Justin Diaz
This is why we get another World War
Liam Russell
Only the government can fix your worthless life. Tell us how that works out, Mohammed.
Makes you wonder if this is why wars were fought to begin with.
Labor market gets glutted and cost of wages go down (though in the west this is happening by design).
Living becomes unaffordable
Citizens become restless. May revolt if left alone.
The solution? Attack your neighbor. If you win, you extort their wealth. If you lose, the surplus population is culled. Either way, standard of living goes back to a reasonable level.
Nathan Bell
Makes sense to me.
Adam Murphy
Also, pensions aren't that big of a deal. You pay into them and they pay out less than market rate for an investment.
Carson Sanchez
Just wait until they all die and the banks throw a fit about not being able to sell their houses for market value.
John Harris
jajaja
Carson Harris
You can blame millennials all you want - the maths says different. NONE of those banks that needed bailing out were millennial owned, yes? EVERY FUCKING ONE OF THEM was boomer owned.
Our current social structure, especially in the West, won't be able to support boomer pensions. They want to fund them by bringing more workers from the third world so that they can be milked by the insurance system. But still it's impossible. We either reduce the amount of pension takers or reduce the pensions. I mean it's ridiculous just how much money they get in pension in contrast with what they have already paid, and they live until 100.
Samuel Reed
Well true, but Nixon completely disconnecting currency from value was the kicker. Then Boomers FUCKING KNEW FULL WELL they were riding this debt wave and didnt give 2 flying shits about anything.
At least the greatest generation/silent generation knew not to trust banks and politicians. Boomers are the only generation in history to blindly believe banks and politicians
Noah Myers
Yes - pensions are so obviously underfunded in every nation its shocking how lacking in fucks to give boomers are
>go visit dying great nana (99 yo) >afterwards go out for dinner with a couple of her children and husbands >start talking baout Trump >this shifts over to the fact that he isn't enough >start explaining to them demographic replacement, the death of the white race, inflation, cost of living, 6th mass extinction event, poles shifting, the sun going into a cooling period >they nod along and surprisingly agree with most of it. >but what about us user?
I just ignored it. They're by far the worst fucking generation to ever have existed.
Joseph Ramirez
The government pensions of the WW2 generation also pushed it hard for their own profit. Nixon removal was in response to France draining the Gold exchange. France sent a battle ship to exchange dollars for Gold. Nixon said "LOL no" and closed the window on France. Boomers kept that window closed to this day. It was a presidential action not a congressional one. Trump could open that window at any time.
Hudson Anderson
Bill Clinton deregulated the banks during his term which over time lead to the 2008 financial crisis
