I have many conservative beliefs, but also many liberal ones. I dumped my political affiliations officially back in 2004. I am now an Independent.
I'm basing this on reality, not on anything the media writes. In fact, the media never writes about this fact of economic reality. If you study American (and hence world) economics of the 70's from when we went off the Gold standard ( 1972 i.e. back when paper money was last backed by actual gold) you will understand exactly what I'm talking about. Once the value of our money became arbitrarily set via the Fed's fiat metric and controlling of interest rates you can see exactly what happens. (The Fed is a private company btw, not a government entity, go figure.)
You can see what happens after Nixon and the removal of the gold standard. Carter eventually gets in and inflation soars. People with money in the bank were making upwards of 13% because the thinking in the financial industry was still wrapped around the idea that paper money had value. You can see that value drop as corporations grow and the Fed figures out how to manipulate interest rates to the point that banks don't have to pay anything to borrow money. Our entire economy flips and it becomes more profitable (for the big wigs) to invest in the stock market than it does to save actual money.
This was designed to happen.
Just look at the 2000's. The devaluing of paper money is inversely related to the rise of the stock market. People no longer saved money for retirement. They had been conned by the financial system to invest their IRA's and 401K's in the stock market. Why do you think the world freaked out in 2008 when the shit hit the fan? Why do you think leaders like Pres. Bush used phrases like "Too big to fail" as a justification for bailing out Wall Street? Because instead of having actual money in savings accounts people had long ago been conned into investing in the stock market. This is all a corporate scheme. Having profitable interest rates for savings accounts is counter productive to the designs of the corporate banking system.
This isn't rocket science. If you truly want to understand the state we are in right now study economic history. Numbers never lie. Numbers. Never. Lie.
Of course the media isn't going to tell you this. The media is a gigantic corporate monstrosity itself. And it's too stupid to even begin to comprehend economic realities. I mean really, do you expect people like Anderson Cooper to understand and disseminate economic truths to the hoi polloi? The man is a walking, talking dildo. And I say that in all seriousness. The media isn't reporting shit about economics or even finance. Mostly because the average idiot isn't interested in hearing about that stuff. And the people in front of the cameras are employed by, and invested in, giant corporations.
Sorry to say but you guys who think that corporations are going to disappear when the Millenials mature are mistaken. All that Millenials know is corporate related. The universities that they all graduated from are giant corporations. Where they shop, what they do for both work and entertainment, and even the myriad electronic devices that they use non-stop all day, everyday are corporately connected. Millenials will never disconnect from the corporate mindset. Remember those Occupy Wallstreet nimrods? Yeah, each and every one of them is a corporate hand puppet in ways they don't even know.
So, yeah, Weyland Yutani isn't a fictional corporation in a dystopian movie series. It's a legit cautionary tale for our future.
Seig heil my friends -- and make sure you rate your Amazon check-out experience on a scale of 1 to 5 stars!
Please stop this! Not everyone that is a millennial is a sheep. Infact, majority of buyers are above the age of 35 https://www.computerworld.com/artic...apple-s-biggest-fans-are-older-consumers.html
People around with their selfie sticks is across all age groups. It has nothing to do with a type of demograph. It's down to a cultural thing. It's mainly popular in South East Asia. People buying useless junk - that is everyone is guilty of that including you, but this is how the world works. If people only bought the stuff that they needed, the whole system would collapse and you know this, but you seem to have a strong prejudice towards one particular type of group that did more than what the babyboomers did.
You clearly don't know how the economy works do you? The economy runs due to economic output. People need to buy stuff to get it running
Clearly, I know how it works better than you do.
Look at the bolded red statement. Blindly "buying stuff" is what this millennial generation is doing (for the most part). The economy (in it's pure form) is based upon supply and demand. There has to be a demand in order for anyone to want to buy or trade for commodities. If there is very little beef and lots of people want it, the usually traded amount can double or triple, and that is inflation. Flood the market with too much beef then demand fades and the value drops. That is how it works. Facebook is the EPITOME of the Millennial generation. Zuckerberg has created an empire on the herd-like behaviors of an entire generation worldwide, just like Apple did. Over a billion people who go on his website every day to basically graze and chew cud, just like livestock. Nobody on Facebook is creating anything, they are simply working for Facebook and talking about the different products, places and politics of their lives. Two individuals is hardly a vote of confidence in a generation already more than a billion strong.
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#1. The word is "moot", not "mute". (Apologies for being a spelling Nazi.)
#2. Yes, it's only natural for creators of tech devices and digital data content to be young since they come from the generation that uses technology and digital data the most. Of course a few of them are going to take advantage of their familiarity with the products to become producers in the industry. But for every producer like Zuckerberg there is literally a billion Millenial/post-Millenial consumers.
The bottom line is that young people today are consumers. They have been raised in a culture of consumption. Nearly every aspect of their lives involves a financial transaction where they are the ones paying out. Other than working for a mediocre corporate paycheck each week you won't find them producing anything of substance. You won't find Millenials building their own homes and/or doing home maintenance and repairs with their own hands. You won't find Millenials making their own meals with their own hands. You won't find Millenials doing their own car maintenance with their own hands. You will rarely find Millenials making their own coffee at home. Hell, you actually have Millenials who pay other people to play video games for them so they can level up without having to do the work. They even pay people to wait in line for them at events like Apple product launches. (How lame is that?
Millenials are debt-heavy because they are primarily consumers. That is Economics #101.
Of course there are a producers who are Millenial age, but they are far outweighed in the population by consumers of the same age. That's just a fact of reality.
