Tag Archives: millennials

  • 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
    Adomonline.com

    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

    2019: The Beginning Of The End (Free Premium Report)

    What will happen next & what to do now
    by Adam Taggart

    Thursday, January 17, 2019, 9:07 AM

    21

    Now that it is 2019, we’re going to start the new year here at Peak Prosperity by responding to our community and making our most recent report for our premium subscribers free to everyone.

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  • Insider
    Ljupco Smokovski/Shutterstock

    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
    Ljupco Smokovski/Shutterstock

    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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  • Podcast

    Neil Howe: The Fourth Turning Has Arrived

    History offers a guide to crisis management
    by Adam Taggart

    Sunday, June 23, 2013, 4:14 PM

    165

    In 1996, demographers William Strauss and Neil Howe published the book The Fourth Turning. This study of generational cycles ("turnings") in America revealed predictable social trends that recur throughout history, and warned of a coming crisis (a "fourth turning") based on this research.

    Fourth turnings are defined by disorder and great changes brought on by a breakdown of the systems and operating principles that dominated the prior three turnings.

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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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