It is not your civic and moral responsibility to pay off the debts of your government’s failures. Cast off the yoke of their control… and summon the courage to live a life by your own design. The path to your prosperity depends on this ability to reject the old system, declare your economic independence, and carve your own path. [This article outlines what is being laid out as your future unless you take independent action and, in conclusion, outlines suggestions on how to make a better life for yourself. Feel free to share this article with one and all – and the video at the end of the article.]
So writes Simon Black (www.sovereignman.com) in his article* originally entitled Young people: get ready to grab your ankles, going on to say:
If you’re reading this and under 30, let me be absolutely clear about one indubitable point: your government is going to sacrifice your future in order to pay for its own mistakes from the past. [If that kind of future does not sit well with you] then get out of Dodge. Stop playing by the same rules of the game that used to work in the past because the old playbook of “go to school, get a good job, work your way up the ladder” simply doesn’t apply anymore.
Under 30s – You Will Experience the Brunt of Financial Ramifications
…Younger folks have comparatively lower incomes, benefits, job opportunities, and political clout than their seniors, yet they are increasingly expected to assume a disproportionately larger burden of the consequences of government folly.
- It’s the younger generation that is called on to go fight and die in pointless wars in faraway lands;
- it’s the younger generation that is forced to assume the debts of their forefathers; and
- it’s the younger generation that gets relegated to the back rows of the political amphitheater and dismissed by the establishment.
Meanwhile, retirees aren’t seeing massive benefits cuts, and middle-aged wage earners income earners are being protected from above by politicians.
Under 30s – This is What Life Has In Store For You
Let’s look at the looming fate of the average young person today:
1) University tuition is going to go through the roof, saddling you with unfathomable debt before you even enter the world as an adult;
2) Once you graduate, you’ll be the last in the hiring queue;
3) If you do get hired, you’ll be the lowest on the totem pole and the first to be let go when tough times befall your business;
4) Once the labor market eventually stabilizes, you’ll enter your prime earning years with some of the highest tax rates ever seen as your government continues to cannibalize your generation to pay off its largess and indebted entitlement programs that benefited older generations;
5) For your entire working life, you’ll pay into a pension system that is going to be bankrupt by the time you’re qualified to draw on it;
6) More than likely, you’ll never achieve the standard of living that your parents achieved;
7) Whatever wealth your parents accumulated won’t be left to you– the bulk of it will be confiscated by the state (unless your folks were smart enough to plant multiple flags) due to a host of death taxes.
If you’re in the millennial Facebook generation, this is going to be the standard storyline of your peers. The system that’s in place right now– the failed cycle of debt and consumption fed by continuous government intervention– has stuck you with the bill.
Under 30s – Here’s How to Make the Most of YOUR Life
Fortunately, there’s a silver lining (as always). Younger people are generally less anchored and more mobile than their elders, hence it’s much easier to opt out of this perverse system. If you’re angry that your government is saddling you with the responsibility to pay off generations of bad decisions, then:
- Stop playing by the same rules of the game that used to work in the past– the old playbook of “go to school, get a good job, work your way up the ladder” simply doesn’t apply anymore.
- Don’t stick around a society that has completely forsaken you and is waiting with knife and fork in hand to carve up your earnings once you finally enter the labor market… get out of Dodge now, while it’s easy to do and you have little to risk.
- Go explore the world and get an education based on experience, not expensive academic theory. Seek opportunities in thriving, frontier markets overseas…. Soak up the local intelligence and become the grease guy on the ground who can make things happen.
- Find people whose lifestyles you want to emulate and make yourself indispensable to them as an apprentice… this will be the only time in your life that you can afford to work for nothing in exchange for a valuable, first-hand education.
- Most of all, stop playing by the rules of everyone else.
- Refuse to be enslaved by the idea that it’s your civic and moral responsibility to pay off the debts of your government’s failures,
- cast off the yoke of their control… and
- summon the courage to live a life by your own design.
*http://www.sovereignman.com/expat/young-people-get-ready-to-grab-your-ankles-3474/[Rick Santelli seconds the above thoughts (or is it the other way round) in a video entitled Rick Santelli to Generation Y: Wake Up! that, according to Monty Pelerin (economicnoise.com), “explains to younger people how they have been trapped into a life of debt by prior generations and how the government tries to hook them into the Ponzi scheme. A very simple explanation that should be shown to every high school and college student. Don’t fall for the Ponzi Scheme!” [Source: http://www.economicnoise.com/2012/05/13/wake-up-young-people/]
[The above article is presented by Lorimer Wilson, editor of www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. This paragraph must be included in any article re-posting to avoid copyright infringement.]
There are huge amounts of money in the IRA ($3.5 trillion) and 401(k) ($5.1 trillion) retirement plans in the U.S. (another $9.9 trillion in assets held elsewhere) according to a recent Investment Company Institute study which makes it very tempting for government to try and get at it. [While] the government may, or may not, tax the money, they may force you to include a sizable percentage of the retirement assets in your IRA and/or 401(k) in U.S. Treasury securities, which may be among the worst investments in the years ahead as interest rates go up and price inflation eats away at the buying power of those IOUs. [Let me explain.] Words: 802
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The video* below is one of the best overviews of what is going on and one of the best explanations of what lies ahead that I have heard. As such, in my opinion, it is A Must Watch!
The choice facing the leaders of the world’s largest economies is a simple one: Either they engage in massive money printing, or they let the world slip into another great depression. This article examines why they have no choice but to print money, something which will have significant consequences for everyone. Words: 560
America is quickly approaching a catastrophic economic collapse. Before you dismiss this as hype or paranoia, take a few minutes to review the facts … The numbers don’t lie.
This short video – on the sustainability of government spending – should be watched by everyone, including those not yet old enough to vote. It should be shown in every high school and college classroom.