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How QE Screwed an Entire Generation


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2014 Jan 12, 6:04am   12,057 views  55 comments

by smaulgld   ➕follow (4)   💰tip   ignore  

http://smaulgld.com/millennials-not-part-of-the-club-yet/

Failure provides opportunity for new entrants. QE and bailouts, on the other hand, keep economic losers entrenched. It is this dynamic that has kept economic opportunities from millennials.

Whether the Fed eventually ceases its QE program, the damage to a generation has already been done. Five long years of Fed money printing to keep the system entrenched has not created a thriving economic environment for millennials but rather a playground for the older, richer generation to maintain and increase its wealth.

http://smaulgld.com/millennials-not-part-of-the-club-yet/

Companion piece-How QE Causes Senior Citizens to Compete with Millennials for Entry Level Jobs http://patrick.net/?p=1236857

#environment

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35   HEY YOU   2014 Jan 13, 3:49am  

Millennials will save the global economy by creating new "apps",high tech start-ups & writing brilliant code.They will show the Fed how to create virtual money.

We don't need no stinkin' manufacturing or anything related to the physical world.

There's only virtuality. "Praise the Matrix".

36   smaulgld   2014 Jan 13, 6:55am  

HEY YOU says

Millennials will save the global economy by creating new "apps",high tech start-ups & writing brilliant code.They will show the Fed how to create virtual money.

We don't need no stinkin' manufacturing or anything related to the physical world.

There's only virtuality. "Praise the Matrix".

there is some truth in that

37   Dan8267   2014 Jan 13, 7:19am  

Quantitative Easing doesn't matter. In a few years, yams will be the only currency accepted.

IT'S YAMS OR FUCK YOU!

38   smaulgld   2014 Jan 13, 7:20am  

Dan8267 says

Quantitative Easing doesn't matter. In a few years, yams will be the only currency accepted.

IT'S YAMS OR FUCK YOU!

and they better be canned.

39   bubblesitter   2014 Jan 13, 7:45am  

One generation gets the cake and the other get the YAMS!

40   smaulgld   2014 Jan 13, 8:24am  

bubblesitter says

One generation gets the cake and the other get the YAMS!

Yams rule

41   Strategist   2014 Jan 13, 11:57am  

smaulgld says

That is foolish. Even if you dont believe in the long term prospects you can convert it immediately into the currency of your choice and buy real estate in phoenix

It would be foolish to think banks give anything of value to open a savings account. I'll stick with the toaster.
I prefer coastal property to desert property.

42   Strategist   2014 Jan 13, 12:05pm  

Call it Crazy says

Strategist says

I prefer coastal property to desert property.

You should ask the residents of the Jersey coast if that's such a good idea...

They're foolish. What can I say.

43   Strategist   2014 Jan 13, 12:14pm  

Call it Crazy says

Strategist says

Call it Crazy says

Strategist says

I prefer coastal property to desert property.

You should ask the residents of the Jersey coast if that's such a good idea...

They're foolish. What can I say.

You just said it, "They're foolish"...

Yup. Not smart like the Californians.

44   indigenous   2014 Jan 13, 12:19pm  

Why does California have all the lawyers and why does New Jersey have all the toxic waste?

New Jersey got first pick

45   Strategist   2014 Jan 13, 12:27pm  

indigenous says

Why does California have all the lawyers and why does New Jersey have all the toxic waste?

New Jersey got first pick

They can have our second pick too. We don't want it.

47   New Renter   2014 Jan 13, 4:18pm  

jAPOCALYPSEFUCKisShostikovitch says

It's YAMS! or FUCK YOU!, America!

I yam what I yam.

48   smaulgld   2014 Jan 13, 4:37pm  

New Renter says

jAPOCALYPSEFUCKisShostikovitch says

It's YAMS! or FUCK YOU!, America!

I yam what I yam.

Do yams go with spinach?

49   HEY YOU   2014 Jan 14, 4:50pm  

APOCALYPSEFUCKisShostikovitch says

It's YAMS! or FUCK YOU!, America!

It's easy for you to say,when you hold controlling interest in the Yam Market.

50   HEY YOU   2014 Jan 14, 4:56pm  

New Renter says

jAPOCALYPSEFUCKisShostikovitch says

It's YAMS! or FUCK YOU!, America!

I yam what I yam.

Are you a silent partner with AF? lol

51   smaulgld   2014 Jan 14, 10:56pm  

APOCALYPSEFUCKisShostikovitch says

HEY YOU says

It's easy for you to say,when you hold controlling interest in the Yam Market.

You can't prove that. And, anyway, I categorically deny it!

It's a conspiracy theory, I tell you!

52   bubblesitter   2014 Jan 15, 12:02am  

By the way, YAMS don't taste bad at all!

54   bubblesitter   2014 Jan 15, 1:00am  

smaulgld says

Sharing canned yam recipe

http://m.allrecipes.com/recipe/26482/candied-yams

I prefer fresh YAMS, organic, grown right in my backyard.

55   indigenous   2014 Jan 15, 2:00am  

smaulgld says

Sharing canned yam recipe

http://m.allrecipes.com/recipe/26482/candied-yams

You make the heinous mistake of thinking sweet potatoes and yams are the same thing.

But with AF it might be a good idea to get a definition of yams as he may define them as a race of people?

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