What does the future hold for you youngsters?

[Jim Nickerson]

A STUNNING SENIOR MOMENT
Apparently, a self-important college freshman attending a recent football game took it upon himself to explain to a senior citizen sitting next to him why it was impossible for the older generation to understand his generation.

'You grew up in a different world, actually an almost primitive one' the student said, loud enough for many of those nearby to hear. 'The Young people of today grew up with television, jet planes, space travel, man walking on the moon. Our space probes have visited Mars. We have nuclear energy, ships and electric and hydrogen cars, cell phones. Computers with light-speed processing...And more.

After a brief silence the senior citizen responded as follows: You're right, son-- We didn't have those things when we were young ... so we invented them. Now, you arrogant little shit, what are you doing for the next generation?

[c1ue]

Re: What does the future hold for you youngsters?

Jim,

We're going back to the horse and buggy...

No Social Security...

Soup lines...

Heck, it'll be like the turn of the (20th) century again.

[metalman]

Re: What does the future hold for you youngsters?

A STUNNING SENIOR MOMENT
:pApparently, a self-important college freshman attending a recent football game took it upon himself to explain to a senior citizen sitting next to him why it was impossible for the older generation to understand his generation.

'You grew up in a different world, actually an almost primitive one' the student said, loud enough for many of those nearby to hear. 'The Young people of today grew up with television, jet planes, space travel, man walking on the moon. Our space probes have visited Mars. We have nuclear energy, ships and electric and hydrogen cars, cell phones. Computers with light-speed processing...And more.

After a brief silence the senior citizen responded as follows: You're right, son-- We didn't have those things when we were young ... so we invented them. Now, you arrogant little shit, what are you doing for the next generation?

that arrogant shit is inventing the next generation of synthetic securitized debt obligation and will make 10x what the kid next to him can make inventing the next energy source.

[phirang]

Re: What does the future hold for you youngsters?

The coming generations are in a world of hurt. They have no idea what kind of pain is coming their way.

[sadsack]

Re: What does the future hold for you youngsters?

The coming generations are in a world of hurt. They have no idea what kind of pain is coming their way.

"They're young - they'll adjust." :rolleyes:

[raja]

Re: What does the future hold for you youngsters?

"They're young - they'll adjust." :rolleyes:

What I'm wondering about is how the older folks will adjust . . . .

I'm 58 yo, and most of my friends have financial "advisors" who tell them what stocks to invest in. When the market was at 14,000, they had set aside their retirement nest egg. What's going to happen when the market goes below 10,000?
Then, there's inflation . . . or hyperinflation, which will decimate whatever they have left.

Also, what about those folks on pensions in which their money is invested in loser investments?

I guess for those approaching retirement we're going to have a lot of downsizing of lifestyles and maybe moving in with the children . . . and part-time WalMart jobs.

[sadsack]

Re: What does the future hold for you youngsters?

What I'm wondering about is how the older folks will adjust . . . .

I'm 58 yo, and most of my friends have financial "advisors" who tell them what stocks to invest in. When the market was at 14,000, they had set aside their retirement nest egg. What's going to happen when the market goes below 10,000?
Then, there's inflation . . . or hyperinflation, which will decimate whatever they have left.

Also, what about those folks on pensions in which their money is invested in loser investments?

I guess for those approaching retirement we're going to have a lot of downsizing of lifestyles and maybe moving in with the children . . . and part-time WalMart jobs.

"Never bet against demographic trends"

The boomers are the largest demographic cohort, and now that they're reaching retirement age, their interests are aligning with that of the present retirement generation. This will create an even larger cohort, one which will have the highest degree of voter participation.

Politically, the boomers and their elders will rule the roost, and have the weightiest say on all matters of income redistribution. The younger generations will not have the clout, short of pitchfork rebellion (in this case, it's a lot more effective to wield a pitchfork standing up than from a wheelchair or walker), and will bow to the yoke placed upon them by their elders.

That is, until the burden starts affecting fertility rates, and the yunguns grow fewer and fewer until the whole system cracks up. Watch for the gruesome spectacle of "dog eat dog" . . .

The fact that from dollar one, 22% (employer + employee contributions for FICA, Medicare, etc.) of a struggling young family's income is taken to support the elderly is driving a vicious wedge between the old and the young.

In the same way that welfare destroyed families by paying more money to single mothers than married ones, SS is poisoning the traditional respect accorded the elderly.

It will be a chill wind indeed that blows down the corridors of time, as our nation greys and dies . .