Greenwood

 
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  • in reply to: $270 Billion In US Student Loans Are Delinquent #2052
    Greenwood
    Member

    One of the main tools in the kitbag of TPTB to keep the unwashed masses from tearing them to shreds like mad dogs is divide and conquer.

    In the past it was along religious or ethnic lines or even just income brackets

    History’s rhyme this time will be a new wrinkle on an old game.

    The divide and conquer will be generational this time, with a vengeance.

    The Boomer are caught between several rocks and hard places simultaneously.

    First, very few (1-10%) will have enough funds left in their 401k/retirement funds after the Kleptocrats ‘MFGlobal’ their nesteggs into omelets.

    Second, because of step one above, they will have to keep working “until dirt hits the lid”, as the old graveyard expression goes.

    Third, because of step two above, the younger generation will never advance up what’s left of “the pay scale”, trapping this younger generation in even more under-achievement than they where going to be in anyway with all their debts from student loans/car loans/credit card debts.

    Fourth, because of step three above, the younger generation will increasing view the “older generation” with enormous contempt and pronounced lack of Respect, on a grand multitude of levels.

    Sure, some kids still love their parents but at least 50% where raised in broken and/or divorced settings and do not have a warm fuzzy familial vibe about them.

    Taking care the two or more sets of parents/step parent in old age is not in the cards anymore than paying off the student loans.

    As soon as ‘the older generation’ is too old to produce meaningful work in a long emergency subsistence survival setting, they will be feed into the wood chipper to provide mulch for the Victory Garden compost pile or left on the Ice Floe for the polar bears to recycle, if there are any left.

    ~

    in reply to: The Global Liquidity Peak #1626
    Greenwood
    Member

    “…..and yet in our world everybody thinks of changing humanity, but nobody thinks of changing himself.”

    ~Leo Tolstoy’s Pamphlets~

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