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#1: Horse    To: All (#0)

Gen X: Gen X was born between 1965 - 1979 and are currently between 40-54 years old (82 million people in U.S.) Gen Y: Gen Y, or Millennials, were born between 1980 and 1994. They are currently between 25-39 years old.

Gen Z: Gen Z is the newest generation to be named and were born between 1995 and 2015. They are currently between 4-24 years old (nearly 74 million in

Horse posted on 2019-10-26 19:24:21   Reply   Private Reply

#2: Lod    To: Horse (#0)

Rall has zero statistics to substantiate his generalizations.

Lod posted on 2019-10-26 20:01:30   Reply   Private Reply

#3: BTP Holdings    To: Horse (#0)

this generation, the 13th since the American Revolution, is doing worse than the generation that came before..."

A lot of it has to do with the proliferation of Methamphetamine. ;)

BTP Holdings posted on 2019-10-26 21:22:32   Reply   Private Reply

#4: Horse    To: BTP Holdings, Lod (#3)

Over population ruined the economy. That and the FED. We have more Unpayable Debts to cancel than anytime in history. Depressions cancel Unpayable Debts. The severity of a coming Depression is predetermined by the number of Unpayable Debts. Since we have more debt to cancel, this Depression will be worse than 1933.

Horse posted on 2019-10-26 21:31:51   Reply   Private Reply

#5: Lod    To: Horse, BTP, 4 (#4)

The Fed, the IRS, the insane government and consumer debt have added and multiplied to unpayable levels, as you correctly observed. I don't see any options but either total repudiation or total collapse.

Lod posted on 2019-10-26 21:47:56   Reply   Private Reply

#6: BTP Holdings    To: Horse (#4)

this Depression will be worse than 1933

There were a lot of other triggers that led to the depression in the 30s. One of them was the Crash of '29 when the stock markets collapsed.

Then when FDR abrogated the gold standard and forced people to turn in their gold and gold certificates. The goobs then revalued gold from $20 to $35. It was a nice, tidy profit for them. The smart people kept their gold for their progeny.

If you had a safety deposit box at the bank, there was a Treasury agent there in the 30s to see just what you had in there. If it was 400 oz gold bars, the agent confiscated them on the spot.

The Great Depression happened because the FED deflated the money supply. Cash was scarce and I recall my Mom telling us they all got coal in their stockings at Christmas time since the family had no money. They did their own shoe repairs too. The cobbler cost more than they could afford.

I work with a guy whose parents recently filed for bankruptcy. I asked if they have come out of it. He said they did. I told him to be ready for them to be inundated with credit card offers. The law says you can only claim bankruptcy every seven years.

BTP Holdings posted on 2019-10-26 23:18:17   Reply   Private Reply

#7: Horse    To: BTP Holdings (#6)

The stock crash was caused by a Monetary Contraction. In 1929 people sold off at the top and cashed in. But they could see the Unpayable Debts were to be cancelled soon. When you cancel a debt in foreclosure or in bankruptcy court, you destroy money. The Depression was severe because 31%of the money disappeared.

Horse posted on 2019-10-27 06:55:10   Reply   Private Reply