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Old February 17th, 2017, 06:11 PM   #71
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I'm pointing out that we are being disassembled piece by piece. We are increasingly distrustful of each other, and our public institutions. It's accelerating.

The young and the middle-aged turning on their elders and calling this a good thing, this is Satan walking the earth.
Young turning on elders?

Sounds like baby boomers.
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Old February 17th, 2017, 07:19 PM   #72
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Why?
@Pensacola_niceman

Well? What makes me a hick?
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Old February 17th, 2017, 07:28 PM   #73
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Young turning on elders?

Sounds like baby boomers.
Yeah, I remember that conversation with my parents, after my dad retired, reminding them that they are no longer contributing to the collective, thus, certain medical procedures were now unavailable to them.

Then I stole all of their money and had them committed to a nursing home where the food is so bad it'll kill ya. It did.

Now, I notice my children talking in hushed tones....
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Old February 19th, 2017, 08:14 PM   #74
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Since trump was one of a hundred in the primaries he was the perfect candidate, I started more than one thread on it I believe. Yes, it was the idea. It was a bonus that he said some things that I agreed w/, told the media to fuck off along w/ those who were caught up in the death trap that is identity politics.
Don't tell me this is another Trump thread while I was away!
btw who's the chick who took over your avatar?
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Old February 19th, 2017, 08:15 PM   #75
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Young turning on elders?

Sounds like baby boomers.
Yeah, but back then it was just about long hair and rock music...and 'I better not find any drugs in your room!'
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Old February 19th, 2017, 09:40 PM   #76
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I'm pointing out that we are being disassembled piece by piece. We are increasingly distrustful of each other, and our public institutions. It's accelerating.

The young and the middle-aged turning on their elders and calling this a good thing, this is Satan walking the earth.
Is it "Satan walking the earth?" or is it another example of how the ground is shifting under our feet, and the total economic 'pie' we all feed off of is getting smaller?

An economics trends and policy blogger I've been following for a few years is Charles Hugh Smith; who's part of a small group of analysts I consider to have things that are actually interesting and new to describe ongoing events. And just recently he posted this entry:
This Is How the Status Quo Unravels: As the Pie Shrinks, Everybody Demands Their Piece Should Get Bigger
oftwominds-Charles Hugh Smith: This Is How the Status Quo Unravels: As the Pie Shrinks, Everybody Demands Their Piece Should Get Bigger
Fragmentation, discord, discontent, class war: this is the inevitable result of a shrinking pie.
The politics of the past 70 years was all about horsetrading who got what share of the growing pie: the "pie" being cheap energy, government revenues and consumption, sales and profits.
I'll skip through some of the points to get to:
Political survival boils down to masking the cuts behind illusory "victories" and bogus projections of solvency. Some modest policy tweak will be heralded as "saving Social Security," meanwhile the end result is a reduction in the purchasing power of whatever benefits remain.

You may well get "what we wuz promised" but it will only buy 50% of what it did a few years ago, after taxes, inflation and "adjustments" are factored in.

Every compromise will be projected to restore solvency to imploding entitlement programs, but it will all be illusion. In two years, insolvency will rear its ugly head again.

The debts, unfunded liabilities, demographics and diminishing pools of income to tap are beyond policy tweaks and minor cuts. Take a look at these charts to grasp the unwelcome realities: sorry, we can't "grow our way out of debt" because the debts and unfunded liabilities are simply too large and expanding at too fast a rate.
Here's the current federal spending pie: 55% is entitlements and interest. Both of those are set to soar as the populace ages and interest rates rise.
Couldn't help thinking of this whole Obamacare scheme or scam or however you see it, when he talks about programs that are cynically designed to keep people happy until their creators are safely retired and out of office...and cashing in their bonus points from their corporate benefactors of course! I guess Medicare part D would be on that list also.
But Medicare itself right now, let alone if the US ever does transition to the kind of universal medicare system we have in Canada, you can expect that costs will inevitably rise...pretty much forever into the future, as more and more expensive drugs, technologies and procedures...all designed to keep sick people from dying, keep adding to future medical costs.
Massive, ever-expanding deficits will push federal debt much higher, pushing interest rates up. Everybody wants to raise taxes on "the rich," but a funny thing happens when tax revenues soar above a threshold--the economy spirals into recession, and employment, profits and tax revenues all plummet, forcing even higher deficits.
Entitlement program deficits are exploding higher, and all the conventional policy fixes are like building sand castles to stop a tsunami.
The problem is global: as we consume the cheap energy, what's left to extract and refine is more expensive, so energy costs rise. As the population ages, entitlements soar. As the "growth fixes everything" model fails under the burden of skyrocketing debts, the harsh reality becomes unavoidable:
We haven't "grown" at all. What we've done is borrow from future generations to create the illusion of growth.
Fragmentation, discord, discontent, class war: this is the inevitable result of a shrinking pie. Our political, social and economic systems have no history or memory of how to navigate this systemic Degrowth successfully. Everyone will blame someone else for the insolvency and failure, and that is not a recipe for successful adaptation.
Here's a taste of what lies ahead:
Welcome to the new dark ages, where only the wealthy can retire
https://www.theguardian.com/commenti...ensioners-work
As I always say, don't focus on retiring comfortably; focus on working comfortably.
That last line reminds me that even having a company-managed pension plan at work is no guarantee of a future comfortable retirement after what happened when the last market bubble burst in 08!
Until then, a supposed 'surplus' in our plan meant that we had a holiday from premiums being deducted for almost two years prior...until the shit hit the fan, and our supposedly "secure" pension fund lost over 20% of its book value overnight! Just like that/we went from a surplus to having a deficit requiring increased payments over a 10 year period(until next year) before everything's covered again...until the next crash at least! That's why I've already adopted his attitude about 'focusing on working comfortably'...which I also interpret as staying fit and healthier so I can continue working. I'm just a couple of years away from being eligible to draw from the plan, and I'll likely start taking out as soon as possible, and work part time, rather than be pouring money into a fund that could collapse when this house of cards comes tumbling down around us!

Looking at the larger picture- right now, the overwhelming media presentation of what's happening with the economy, ignores the obvious...as one of CHS's charts show: if you don't count fake growth that's merely debt-fueled, and a burden furloughed to future generations, then there is no real overall economic growth and the pie is already shrinking, just about everywhere!

It's easy to see how this fuels a generational war among the uninformed, but what if enough people start asking: why save capitalism itself, if we're supporting a system that kicks most of the money to the top and is doomed to collapse anyway? Why not take a hard look at what we really need to survive, and how to distribute benefits widely enough to prevent the kind of Mad Max future Charles Hugh Smith and other libertarians and anarchists see coming at us in the future? The superrich are already building secure estates and trying to protect themselves from the dystopian future they're unleashing on us all. Why should they get to just hide out in their bunkers and wait till they think the worst will be over?
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