Measured in gold, the dollar has lost 99.111% of its value since 1971. We got the full value of the dollar 54 years ago. Our children get only a chemical trace of it.
Yep. our fearless leaders will fight to the death over need to use ever-expanding lists of pronouns--or not. Mention the constutionally required hard money and all you'll hear is crickets.
Well Bill, I think your piece today is a good summary of where we bommer's ( I am 79) are in the great food chain. We had jobs where wages grew, houses appreciated nicely, and in many cases were able to save and invest and grow out IRA's. Now with "maybe" 20 years left we need to be concerned about hanging onto what we have. The younger folks (including my 5 grandchildren) do not have the bright path forward we had. I expect some severe pushback ahead. A cold wind is building up!
And when we Boomers croak those assets will all go to our kids. Maybe that will help the wealth divide. Unless they have student loans then the banks get it.
Unless the US$ blows up and Valéry Giscard d'Estaing said in the 1960s America's "Exorbitant Privilege" goes asunder. With $40T of U.S. government debt and rising by $3T yearly now and when combining all public and private debt across every sector — households, businesses, and governments — total U.S. debt reached $102 trillion as of 2024, up from just $28.6 trillion in 2000. This is roughly 719% of GDP and climbing. Does anyone think this may be a bit excessive?
I don't know about you guys but as a boomer I worked my butt off starting at age 15. I have worked my whole life, as have most of our dear readers. I got myself well educated and into a professional field. I told my three sons that they must separate themselves within their generation, i.e. they must have more and better negoitionable skills than their generation peers. They listen and they acted. I have very a successful IP attorney at the partner level, a police chief of city with 50 thousands citizens and an entrepreneur with multiple businesses. All of whom are below 50 years of age, and all of whom have more higher net worth than me. So yeah, I agree it is harder to find sucess in today's economy but it is still possible. Oh, yeah none of my boys knocked up anyone in high school, they all have been married 1 time only, and they all got themselves educated so there is that. You can still do what you want in America but you better have a great work ethic.
Massie was an anti-Semite and of course so are you Bill. If Israel controls the U.S. why didn’t Israel have any say in the Iran negotiations. Trump threw Israel under the bus. And guess what Massie didn’t lose because of Jewish money he lost because he’s a dumbass like you and the voters were smart enough to know it.
Bills love of mixing truisms with bullshit is never stronger than when it’s time to push out a fresh antisemitic trope. But have pity: It’s been a rough year for antisemites. Let Bill enjoy the temporary warmth and comfort of pissing his own pants.
I don’t buy the narrative. The Great Society, Vietnam and decoupling the dollar from gold are NOT the responsibility of Boomers. Those corrosive elements began the rotting and rusting of our culture and our financial systems. Efforts to reverse the corrosion have failed thanks to stupid and malicious wars in Iraq and Afghanistan, and the Fed, treasury and Wall Street bailing out irresponsible gamblers at the expense of all current generations. As a reminder, Boomers’ contributions to Social Security from every paycheck were matched by employer contributions. Someone has likely done this math, but after compounding over our working lives, it seems there should be no shortage of funds for us.
Gets into a deeper examination of how much control any of us individually or as a generation have on how it is determined who runs for office. We’ve had responsible individuals in Congress who tried to rein in spending, but they could never overcome lobbyists’ and the big money they represented. So special interests keep winning the battles, and all of us will lose the war.
Really comforting (sarcasm) to be BLAMED for being born in a certain year & NOT receiving the perks. It was the greedy ones that came before me that created all the problems we have now.
It was the generations that ran the world between 1950 and 1980 that are most responsible for the decline of America IMO. That would be the Greatest Generation and the Silent Generation. The Reagan years were a Chimera, the calm before the storm when everything that had been sown in the 1960s and 1970s would be “reaped”. The Baby Boomers bear some responsibility but they don’t sit at the top of the list as they were simply not running the world when it mattered the most.
Yep. our fearless leaders will fight to the death over need to use ever-expanding lists of pronouns--or not. Mention the constutionally required hard money and all you'll hear is crickets.
Well Bill, I think your piece today is a good summary of where we bommer's ( I am 79) are in the great food chain. We had jobs where wages grew, houses appreciated nicely, and in many cases were able to save and invest and grow out IRA's. Now with "maybe" 20 years left we need to be concerned about hanging onto what we have. The younger folks (including my 5 grandchildren) do not have the bright path forward we had. I expect some severe pushback ahead. A cold wind is building up!
Jim Marshall
And when we Boomers croak those assets will all go to our kids. Maybe that will help the wealth divide. Unless they have student loans then the banks get it.
Unless the US$ blows up and Valéry Giscard d'Estaing said in the 1960s America's "Exorbitant Privilege" goes asunder. With $40T of U.S. government debt and rising by $3T yearly now and when combining all public and private debt across every sector — households, businesses, and governments — total U.S. debt reached $102 trillion as of 2024, up from just $28.6 trillion in 2000. This is roughly 719% of GDP and climbing. Does anyone think this may be a bit excessive?
Not if greedy guvment fingers heavily tax that too.
I don't know about you guys but as a boomer I worked my butt off starting at age 15. I have worked my whole life, as have most of our dear readers. I got myself well educated and into a professional field. I told my three sons that they must separate themselves within their generation, i.e. they must have more and better negoitionable skills than their generation peers. They listen and they acted. I have very a successful IP attorney at the partner level, a police chief of city with 50 thousands citizens and an entrepreneur with multiple businesses. All of whom are below 50 years of age, and all of whom have more higher net worth than me. So yeah, I agree it is harder to find sucess in today's economy but it is still possible. Oh, yeah none of my boys knocked up anyone in high school, they all have been married 1 time only, and they all got themselves educated so there is that. You can still do what you want in America but you better have a great work ethic.
Massie was an anti-Semite and of course so are you Bill. If Israel controls the U.S. why didn’t Israel have any say in the Iran negotiations. Trump threw Israel under the bus. And guess what Massie didn’t lose because of Jewish money he lost because he’s a dumbass like you and the voters were smart enough to know it.
Bills love of mixing truisms with bullshit is never stronger than when it’s time to push out a fresh antisemitic trope. But have pity: It’s been a rough year for antisemites. Let Bill enjoy the temporary warmth and comfort of pissing his own pants.
Younger demographics in Kentucky should have voted rather than bitch on social media. 67% of not many ain't much.
The need for physical vocational skills has likely never been more.
If I were young, I would take on plumbing, electrical or some hands-on trade.
With today's ability to market oneself...
This is likely one of the best times ever to start a small service trade business.
I don’t buy the narrative. The Great Society, Vietnam and decoupling the dollar from gold are NOT the responsibility of Boomers. Those corrosive elements began the rotting and rusting of our culture and our financial systems. Efforts to reverse the corrosion have failed thanks to stupid and malicious wars in Iraq and Afghanistan, and the Fed, treasury and Wall Street bailing out irresponsible gamblers at the expense of all current generations. As a reminder, Boomers’ contributions to Social Security from every paycheck were matched by employer contributions. Someone has likely done this math, but after compounding over our working lives, it seems there should be no shortage of funds for us.
The elected ones are a reflection of our society, so, to poorly paraphrase, the enemy is us.
Gets into a deeper examination of how much control any of us individually or as a generation have on how it is determined who runs for office. We’ve had responsible individuals in Congress who tried to rein in spending, but they could never overcome lobbyists’ and the big money they represented. So special interests keep winning the battles, and all of us will lose the war.
True that!
A stupid, arrogant, lazy, greedy and ignorant us!!
Really comforting (sarcasm) to be BLAMED for being born in a certain year & NOT receiving the perks. It was the greedy ones that came before me that created all the problems we have now.
It was the generations that ran the world between 1950 and 1980 that are most responsible for the decline of America IMO. That would be the Greatest Generation and the Silent Generation. The Reagan years were a Chimera, the calm before the storm when everything that had been sown in the 1960s and 1970s would be “reaped”. The Baby Boomers bear some responsibility but they don’t sit at the top of the list as they were simply not running the world when it mattered the most.