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Tag Archives: baby boomers

  • Podcast

    Ben Hunt: Prepare To Get Burned

    Society is pretending its actions don't have consequences. It's badly mistaken.
    by Adam Taggart

    Thursday, September 19, 2019, 5:01 PM

    6

    History teaches us that there is no free lunch, reminds Dr. Ben Hunt, publisher of EpsilonTheory.com.

    And science informs us that even simple systems become nearly impossible to predict or control with 100% precision as time and variables change.

    But our society today is ignoring these lessons. It’s betting that the increasingly excessive distortions required to keep the status quo continuing will succeed, and come at no cost.

    That’s a losing bet, warns Hunt.

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  • Insider
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    Breaking Free

    Escape the old system for a more meaningful life
    by Chris Martenson

    Saturday, April 6, 2019, 8:56 AM

    17

    Executive Summary

    • The importance of continuous learning and clarifying your Why?
    • Why personal integrity is your most valuable asset
    • Why our current challenges are actually a call to greatness
    • The key question is: How will you choose to answer it?

    If you have not yet read Part 1: The Lab Rat That Survives Is The One Who Escapes Its Cage, available free to all readers, please click here to read it first.

    There’s a generational breakdown occurring with increasing numbers of young people — let’s define them as the under-30 crowd — falling into despair, dismay and even outright demoralization over the state of the world.  Put bluntly, many of them see nothing to gain by preserving the status quo.

    Conversely, the over 50 crowd has already paid into the system and desperately wants to preserve the status quo.  That’s where their retirement dreams exist.  With their finger now on the brass ring, it’s simply unthinkable to ponder that it could slip out of their grasp.

    This demographic divide, between those with nothing to gain and those with everything to lose, grows wider every day.

    Here’s a very typical comment from a Millennial that I ran across just this morning (4/5/19).  It’s a very common refrain these days:

    (Source)

    There’s not much I can add to that besides to say, “You’re right!”  And, “Sorry.”

    The very worst of it all is that the system into which the young are born ask them to perpetuate that same system by getting good grades, going into college student debt, and then working extra hard as tax donkeys and debt slaves for the rest of their lives.

    As the above Millennial pointed out, it’s working in those (often pointless) jobs that is destroying the planet.  Might as well inject oneself daily with a cumulatively fatal poison.

    The promises of the generations before them ring hollow.  The pension shave all been raided and hollowed out.  Forced payments into Medicare and Social Security are never going to be returned in kind and are merely last-ditch payments to provide some measure of cover for the boomers relying on them.  Embarrassingly poor infrastructure and massive piles of debt and underfunded liabilities are the true economic bequeathments of the prior generations to the next.

    From Stephen Jenkinson we learned that every older person needs to be ready for the day when a younger person walks up to them and asks them two questions. “When did you know?”  and “What did you do about it?”

    For a disturbingly large number of olders (not elders) the answer is “Know about what?” because they are too deeply stuck in the current narrative to even notice the damage being done, let alone mount an intelligent, thoughtful response to it all.

    For the rest of us, we have to begin plotting our own path to breaking free from a self-destructive paradigm.

    To start on that path, first you must…  (Please enroll to read more)

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  • Blog
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    The Importance Of Knowing

    Without insight, action is useless
    by Adam Taggart

    Tuesday, November 28, 2017, 4:20 AM

    4

    At Peak Prosperity, we strive to help people advance in three key areas: KnowingDoing and Being.

    Doing and Being are the resilience-building steps we recommend. Helping folks develop their own personal action plans in these areas is the main focus of the seminars we run.

    But Knowing? That's the essential first part to master. Without sufficient understanding and insight to guide you, any action you take is merely groping in the dark.

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  • Podcast

    Gene Guarino: Investing In Residential Assisted Living

    An opportunity that can help millions of aging seniors
    by Adam Taggart

    Wednesday, November 22, 2017, 1:03 AM

    2

    Demographically speaking, the tremendous wave of aging Baby Boomers is an unprecedented event in our country's history. The sheer size of this age cohort, plus the concerningly-high level of financial unpreparedness for many of its members (which we wrote about at length last week in this report), will demand all sorts of new solutions be pioneered to address the needs of a massive number of aging seniors no longer in the workforce.

    Gene Guarino, founder of Residential Assisted Living Academy, joins the podcast this week to explain the model to Chris, as well as the ways that investors can get involved in this growing movement. Those with capital interested in "doing well by doing good" can participate in syndicates that own the residences, creating more inventory to expand this model to. The investment returns are attractive, as is being a part of a movement to offer more housing options to the fast-growing ranks of seniors looking to live with dignity.

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  • Blog
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    Who’s Going To Eat The Losses?

    The only question that matters regarding today's markets
    by Chris Martenson

    Saturday, September 9, 2017, 3:25 AM

    44

    Younger generations that are being asked (goaded?) to step into an increasingly flawed future begin to resist. Which is completely understandable. They have nothing to gain if the status quo continues.

    At the same time, the older generations mostly just settle into a stubborn insistence that everything will be fine if everyone will just do more of precisely what got us into the mess in the first place. Younger people should step up to make sure Medicare/Social Security/pensions remain fully funded, and buy the financial assets and homes of downsizing seniors at top dollar. The boomers have everything to lose if the status quo changes.

    What happens when a culture’s dominant narratives are not just unsatisfactory, but entirely unworkable? 

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  • Blog
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    Signs Of Distress

    The need to change is becoming more obvious than ever
    by Chris Martenson

    Saturday, August 12, 2017, 2:06 AM

    22

    The world is edging closer to the final moments after which everything will be forever changed.

    Grand delusions, perpetuated over decades, will finally hit the limits of reality and collapse in on themselves.

    We’re over-budget and have eaten deeply into the principal balances of all of our main trust accounts. We are ecologically overdrawn, financially insolvent, monetarily out past the Twilight Zone, consuming fossil fuels (as in literally eating them), and adding 80,000,000 net souls to the planet’s surface — each year! — without regard to the consequences.

    Someday there will be hell to pay financially, economically, and ecologically as there simply isn’t any way to maintain these overdrafts forever. Reality does not renegotiate. Its deal terms aren't compromisable.

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  • Insider
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    Boomers vs Millennials

    Society is pitting their interests increasingly at odds
    by Adam Taggart

    Tuesday, September 27, 2016, 5:38 PM

    43

    In this week's Off The Cuff podcast, Chris and Becca Martenson discuss:

    • Boomers Have Everything To Lose
      • They cling to status quo to deliver promises made in the past
    • Millennials See Nothing To Gain
      • The future they're being asked to inherit appears bereft of value
    • Bridging The Generation Gap
      • How to replace strife with support
    • The Importance Of Mentoring
      • An age-old model need perhaps more now than ever
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  • Blog
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    Demographics – Crash Course Chapter 15

    Age distribution is too lopsided to support entitlements
    by Adam Taggart

    Friday, September 26, 2014, 10:21 PM

    12

    Our national demographic architecture no longer can afford the entitlement system we have. And that's even assuming entitlements were currently sufficiently funded. But as the last chapter showed, the existing programs are underfunded to the tune of $100-200 Trillion. 

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  • Blog
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    Let’s Stop Fooling Ourselves: Americans Can’t Afford the Future

    Unemployment, taxes & unfunded retirements are squeezing us
    by Adam Taggart

    Tuesday, March 12, 2013, 3:24 PM

    61

    The truth is: The three adult generations in the U.S. are suffering, and their burdens are likely to increase with time. Each is experiencing a squeeze that is making it harder to create value, save capital, and pursue happiness than at any point since WWII. At that point, we were a creditor nation with an economy exploding into dominance on the world stage. Now, however, the U.S. is the largest debtor nation and our economic hegemony is increasingly at seige across a number of fronts.

    A continuation of the status quo is a decision to sleepwalk face-first into the constraints hurtling towards us.

    Instead, shouldn't we stop fooling ourselves and ask: What should we be doing differently?

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  • Blog

    Daily Digest 1/1/11 – Home Prices High, 2011 Forecast, Forever Stamps for USPS

    by DailyDigest

    Saturday, January 1, 2011, 4:00 PM

    0

      
Happy New Year!

    • Home Prices Are Still Too High
    • Pensioner Insolvency Rises Fastest As Baby Boomers Struggle To Pay Off Debts
    • Families £3,000 Worse Off
    • The Only 2011 Forecast With A Bizarro Chance Of Getting It All Correct
    • China Slows As Tightening Start To Bite
    • Forever Stamps Tell Us Much
    • Estonia’s Entry Expands Euro Into Former Soviet Union

    Get started building resilience into your life with our ‘What Should I Do?’ guide

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