Debt Rattle October 13 2018
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Pablo Picasso Two naked figures 1908 • 40% Of The American Middle Class Face Poverty In Retirement (CNBC) • One-Third Of Young Americans Too Ov
[See the full post at: Debt Rattle October 13 2018]NBC, also not-news network, “depressed asset values” What asset values? Every other article highlights how the Dow and housing are massively OVERvalued. But hey, why demand coherence? …Back in the real world, this is probably true as no one from Wilkes-Barre to Sacramento has cash enough over the last 20 years to own stock, PLUS their houses are collapsing like Detroit while the 12 blessed cities have values 50% higher than incomes, (4x instead of 2x incomes). So it’s probably true, but that’s what happens when you report lies the other 364 days of the year.
As the older are actually the RICHEST demographic, and that’s WITH having no money and having to work, those jobs they can’t give up won’t pass on to Millennials…or are we talking about screwing Gen Z yet? It’s been so long. So they also can’t sell their stocks and houses because retirees are supposed to be slowly transferring their long-save wealth to the working young…who are living in their basement, and no longer have any intent of investing or owning, it having been beaten out of them for 20 years. So nice going! Central planning at its finest, having the governments rig markets to buy age-specific votes, while, no surprise, running the country off the rails, as there’s no information-feed via market price discovery. Home prices still going up, young people still going down, in all the Anglo countries.
Almost without exception, Usians are mentally ill. Worse still, they do not know it.
They live in a sick society that in no way encourages objectivity or critical thinking.
It has made insanity the new norm. Given the societal proclivity to compare; one compares their insanity with their neighbors; it’s all good; we’re compatible.
Welcome to the asylum…Earth is quite large (by human standards) with many countries and a huge diversity of cultures.
But, most of us have no idea of their existence or mores and norms, much less language.
Daunting? Not really, if you’ve got a hankering.
But most don’t; thus losing a huge, immense, gigantic opportunity to move, learn, and explore the huge world and its wonders…For those thus bitten by the future of potential poverty; there may be a way out. But you must recognise the now for what it is; and be willing to make a jump; the world is not the U.S.; many countries offer a decent living on what amounts to poverty income in the U.S..
Over and out, it’s up to you…The poverty rates for older Americans will get much worse as the consequences of pension funds replacing their AAA-rated investments with stocks and other riskier paper becomes obvious soon.
• One-Third Of Young Americans Too Overweight To Join The Military (AFP)
Does the study refer to those that applied and were refused?
What about all of the obese (+100 lbs) people that did not even apply?
Other factors such as prior drug use or a lack of academic qualifications are also taking a toll.
Defense Secretary Jim Mattis, a retired Marine general, last month said the shrinking pool of Americans eligible to serve was a “big concern.”
“It’s a sad state of affairs when 71 percent of the 18 to 24-year-old males in this country cannot qualify to enter the United States Army as a private,” he said.Hey?
What about the females?
Are the numbers worst?I think that if 100% of privates are not fit to join the military, then you cannot make war. 🙂
The poverty rates for older Americans will get much worse as the consequences of pension funds replacing their AAA-rated investments with stocks and other riskier paper becomes obvious soon.
Yes. Which is precisely why I posted what I did.
But, it won’t matter, a miniscule number will choose to emigrate…Wow, Roubini is on a tear; bitcoin is the mother of all bubbles…
I’m certainly not sold on crypto.
https://www.zerohedge.com/news/2018-10-13/mother-all-bubbles-roubini-bashes-bitcoin-blockchain-libertarians-misses-big
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