I think these videos are very instructive. Who are you going to listen to when it comes to figuring out what the economic environment is going to be like and planning for your future? The experts and the mainstream opinion or people with a proven track record of accurately forecasting economic events? The economic crisis in 2008 was completely predictable; but the mainstream analysts and experts did not see 2008 coming. Instead the experts laughed at the people that were telling them what was coming. Why does this matter to you? Today most of the experts are still telling us that the worst of the economic crisis is over and still deriding those that are "too negative" and are "doom and gloomers" who are forecasting that a much bigger global economic crisis is headed our way. What happened to those that were telling the truth?
Here is Peter Schiff getting laughed at while telling everybody that there was a big economic recession coming around 2008.
Here is the current chairman of the Federal Reserve stating during 2005-2007 that the economy was doing well and that there was no recession headed our way. A prominent central banker fessed up when caught in an open lie by reporters said this: “When it becomes serious, you have to lie".
Here is Peter Schiff talking a much bigger economic crisis coming.
Demographic trends across the world guarantee this eventually regardless of who and what kind of government is in power. If you're not having kids, you're contributing to your own economic downfall, and that of everyone else too. Socialistic economic practices will bring the downfall on faster and make it more painful, but the downfall will happen, regardless. Even capitalists can't get by with a shrinking customer base.
The point of the video of Schiff getting laughed at while stating that there was a recession coming around 2008 was to illustrate how the experts are wrong and usually deride the people that tell the truth. The truth sounds negative and will be laughed at.
The prime cause of the economic problem that demographics exacerbates is not that people aren't having kids and thus not necessarily demographics. It is the ponzi scheme welfare programs whose sustainability depends on an ever growing population and socialism. In Europe the youth unemployment rate is around 25% or higher. When you are unemployed or at best can find a part time minimum wage job, it is not economically feasible to have kids. It would be irresponsible if people were to have kids in those circumstances: it would be like Africans who are starving and dieing of aids that pump out kid after kid and go stand in a breadline for food from the West. In America the youth unemployment rate is about the same as Europe. Today you have forty year old people and grandpa delivering pizzas and working at Wal-Mart doing jobs that use to be done by pimpled-faced teenagers. The IMF has called this a "lost generation". This will cause massive social problems across the developed world. The American workforce is transiting to a part-time-low-wage-no-benefit work force. Having kids is not a right and is not a guaranteed privilege just because you were born into the developed world and is not feasible for the vast majority of people these days. The days of Americans getting a descent job, and nice house, and a family are over for a large swath of responsible Americans. But irresponsible Americans will continue to pump out kids they can't afford and go on welfare and food stamps stealing money from their kids sperm thus bringing the economic collapse closer to happening. This is what happens when a people choose to go down the path of communism and culture decay. The hard fact is that the standard of living in America is declining and will continue to decline during our lives. But if you are educated and informed about what is going on, this doesn't have to happen to you.
"Even capitalists can't get by with a shrinking customer base." Sounds like Keynes talking.
Having kids is definitely a right. I am being nit picky with your statement but I think you should rephrase that sentence. You do not have a right to other people's wealth in order to sustain your family though.
The post and this entire thread is nothing new. Its the same old shit but presented in a different way. We should keep pounding at it though. Just like the Benghazi scam, it needs to be repeated until it gets addressed.
Yes it is the same stuff, but presented from a different angle. Like I said the point was to show how the truth is derided and laughed at and labeled as negative and doom and gloom. Schiff was telling everybody around 2006-2007 about the housing bubble and coming recession. He was laughed at, but he was right. Most people to include us don't fully understand what is headed our way: a dramatic change in our standard of living. Ron Paul http://www.zerohedge.com/news/2013-05-02/ron-paul-jim-rogers-government-theyll-use-force-and-intimidation
The reason that I said that having kids is not a right-- it is not a right-- is that most people living in America feel as if they are entitled to certain things just because they are Americam. They somehow deserve the high standard of living that we have experienced during our brief lives. They think they somehow deserve to never have to worry about being hungry and instead being able to eat until they are full, they somehow deserve all of the latest gadgets, they deserve a house and they somehow are entitled to having a family. This is an old paradigm. This is the way things used to be. It is finished for the vast majority of Americans. Having a family is not a right. It is a responsibility. If you can't afford one you don't have the right to one no matter how much you want one. Too many disgusting people are knowingly going out and having kids knowing full well that they can't afford to take care of it, and then they go on welfare and government assistance and offload the responsibility of taking care of that child on other people. They feel that having a kid is a right and something they are entitled to. This is not the case. Reality will win in the end. The government's ability to provide all of these free handouts is rapidly coming to an end. What these people will be left with is a human tradegy on their hands that will require some tough and painful choices. Having a kid is not a right. It is a responsibility and a priviledge that must be earned. It is not something you are entitled to.
Having an argument about who should and shouldn't have kids is beside the point to this discussion in particular: the simple fact is that the collapsing birth rates severely affect standards of living, whether you're capitalistic Japan or socialistic Greece. As you say Jeff, the socialist Ponzi schemes of social support policies are being hit hardest, fastest, and a more laissez-faire(sp) system can adapt better, but the overall affect is the same.
It's not a coincidence that the developed countries in the worst economic shape also have the lowest birth rates in the world.
Japan is not a capitalist or laissez-fair country. I can not think of one capitalist-laissez-fair country in the world that exists today. Interestingly in Japan they know that major economic problems are headed their way, http://www.zerohedge.com/news/2013-05-02/how-japan%E2%80%99s-%E2%80%9Cstealth-constitution%E2%80%9D-destroys-civil-rights-and-sets-stage-dictatorship
How do you come to this conclusion about birthrates. I would like to know what you are basing this off of. The flip side of developed nations that have the lowest birth rates being in the worst shape economically is that Africa has one of the highest birthrates and it is one of the poorest continents. Also Hati has a high birth rate and it is a poor nation. Here in America, some of the poorest communities and groups of people have a high birthrate. People having kids that they can't afford causes major economic problems and they are a drain on society's economic resources.
Cultural decay, socialism and central economic planning are the main cause of the economic decline of the developed world. Demographics exacerbates the economic problems caused by ponzi welfare programs. They are not the prime cause of the problems associated with welfare programs: the programs are the prime cause of the problems. As a nation becomes wealthier, its birthrate will naturally decline.
Should have voted for Ron Paul
ReplyDeleteDemographic trends across the world guarantee this eventually regardless of who and what kind of government is in power. If you're not having kids, you're contributing to your own economic downfall, and that of everyone else too.
ReplyDeleteSocialistic economic practices will bring the downfall on faster and make it more painful, but the downfall will happen, regardless.
Even capitalists can't get by with a shrinking customer base.
The point of the video of Schiff getting laughed at while stating that there was a recession coming around 2008 was to illustrate how the experts are wrong and usually deride the people that tell the truth. The truth sounds negative and will be laughed at.
ReplyDeleteThe prime cause of the economic problem that demographics exacerbates is not that people aren't having kids and thus not necessarily demographics. It is the ponzi scheme welfare programs whose sustainability depends on an ever growing population and socialism. In Europe the youth unemployment rate is around 25% or higher. When you are unemployed or at best can find a part time minimum wage job, it is not economically feasible to have kids. It would be irresponsible if people were to have kids in those circumstances: it would be like Africans who are starving and dieing of aids that pump out kid after kid and go stand in a breadline for food from the West. In America the youth unemployment rate is about the same as Europe. Today you have forty year old people and grandpa delivering pizzas and working at Wal-Mart doing jobs that use to be done by pimpled-faced teenagers. The IMF has called this a "lost generation". This will cause massive social problems across the developed world. The American workforce is transiting to a part-time-low-wage-no-benefit work force. Having kids is not a right and is not a guaranteed privilege just because you were born into the developed world and is not feasible for the vast majority of people these days. The days of Americans getting a descent job, and nice house, and a family are over for a large swath of responsible Americans. But irresponsible Americans will continue to pump out kids they can't afford and go on welfare and food stamps stealing money from their kids sperm thus bringing the economic collapse closer to happening. This is what happens when a people choose to go down the path of communism and culture decay. The hard fact is that the standard of living in America is declining and will continue to decline during our lives. But if you are educated and informed about what is going on, this doesn't have to happen to you.
"Even capitalists can't get by with a shrinking customer base." Sounds like Keynes talking.
Having kids is definitely a right. I am being nit picky with your statement but I think you should rephrase that sentence. You do not have a right to other people's wealth in order to sustain your family though.
ReplyDeleteThe post and this entire thread is nothing new. Its the same old shit but presented in a different way. We should keep pounding at it though. Just like the Benghazi scam, it needs to be repeated until it gets addressed.
Yes it is the same stuff, but presented from a different angle. Like I said the point was to show how the truth is derided and laughed at and labeled as negative and doom and gloom. Schiff was telling everybody around 2006-2007 about the housing bubble and coming recession. He was laughed at, but he was right. Most people to include us don't fully understand what is headed our way: a dramatic change in our standard of living. Ron Paul http://www.zerohedge.com/news/2013-05-02/ron-paul-jim-rogers-government-theyll-use-force-and-intimidation
ReplyDeleteThe reason that I said that having kids is not a right-- it is not a right-- is that most people living in America feel as if they are entitled to certain things just because they are Americam. They somehow deserve the high standard of living that we have experienced during our brief lives. They think they somehow deserve to never have to worry about being hungry and instead being able to eat until they are full, they somehow deserve all of the latest gadgets, they deserve a house and they somehow are entitled to having a family. This is an old paradigm. This is the way things used to be. It is finished for the vast majority of Americans. Having a family is not a right. It is a responsibility. If you can't afford one you don't have the right to one no matter how much you want one. Too many disgusting people are knowingly going out and having kids knowing full well that they can't afford to take care of it, and then they go on welfare and government assistance and offload the responsibility of taking care of that child on other people. They feel that having a kid is a right and something they are entitled to. This is not the case. Reality will win in the end. The government's ability to provide all of these free handouts is rapidly coming to an end. What these people will be left with is a human tradegy on their hands that will require some tough and painful choices. Having a kid is not a right. It is a responsibility and a priviledge that must be earned. It is not something you are entitled to.
Having an argument about who should and shouldn't have kids is beside the point to this discussion in particular: the simple fact is that the collapsing birth rates severely affect standards of living, whether you're capitalistic Japan or socialistic Greece.
ReplyDeleteAs you say Jeff, the socialist Ponzi schemes of social support policies are being hit hardest, fastest, and a more laissez-faire(sp) system can adapt better, but the overall affect is the same.
It's not a coincidence that the developed countries in the worst economic shape also have the lowest birth rates in the world.
Japan is not a capitalist or laissez-fair country. I can not think of one capitalist-laissez-fair country in the world that exists today. Interestingly in Japan they know that major economic problems are headed their way, http://www.zerohedge.com/news/2013-05-02/how-japan%E2%80%99s-%E2%80%9Cstealth-constitution%E2%80%9D-destroys-civil-rights-and-sets-stage-dictatorship
ReplyDeleteHow do you come to this conclusion about birthrates. I would like to know what you are basing this off of. The flip side of developed nations that have the lowest birth rates being in the worst shape economically is that Africa has one of the highest birthrates and it is one of the poorest continents. Also Hati has a high birth rate and it is a poor nation. Here in America, some of the poorest communities and groups of people have a high birthrate. People having kids that they can't afford causes major economic problems and they are a drain on society's economic resources.
Cultural decay, socialism and central economic planning are the main cause of the economic decline of the developed world. Demographics exacerbates the economic problems caused by ponzi welfare programs. They are not the prime cause of the problems associated with welfare programs: the programs are the prime cause of the problems. As a nation becomes wealthier, its birthrate will naturally decline.