Comments on: Class of ‘09: You’re Screwed http://dailyreckoning.com/class-of-09-youre-screwed/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Wed, 17 Mar 2010 05:05:42 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: DRB http://dailyreckoning.com/class-of-09-youre-screwed/#comment-9995 DRB Mon, 01 Jun 2009 04:26:46 +0000 http://dailyreckoning.com/?p=16039#comment-9995 I have watched as all kinds of "decent" folk availed themselves of largess, just because it was legal. It is mind-boggling to see the staggering debts pile up and they don't care, because it's the kids who'll have to pay, not them. Very dishonest. My prediction: The kids ain't gonna pay and I don't blame 'em. Excellent article, Bill. I have watched as all kinds of “decent” folk availed themselves of largess, just because it was legal. It is mind-boggling to see the staggering debts pile up and they don’t care, because it’s the kids who’ll have to pay, not them. Very dishonest. My prediction: The kids ain’t gonna pay and I don’t blame ‘em. Excellent article, Bill.

]]> By: G http://dailyreckoning.com/class-of-09-youre-screwed/#comment-9993 G Mon, 01 Jun 2009 03:48:12 +0000 http://dailyreckoning.com/?p=16039#comment-9993 Good article, as usual, but as usual... too smug. The author strikes me as someone who's made enough money to insulate themselves from events. As such, his advice is of dubious worth. Some insight to any who think they can "fold'em" and relocate. You can't. The world no longer welcomes refugees. Just try showing up in Oz, NZ or Costa Rica thinking you're going to put down roots and legally work. Fat chance. Nope, you're stuck here ... in the good old US of A. Yep, there's a s***load of problems more or less created by folks before you who were looking for the quick,easy way out. The politicians they elected were oh so quick to offer them that easy way out. The straits we now find ourselves in is the result. If Bill Bonner can offer unsolicited advice, so can I. Here goes: 1) Consider the Gov as one party getting their finger on the trigger and turning it on all the others.... always consider Gov in that regard. 2) All those movies about the U.S. being righteous and god fearing (you know, those John Wayne and Clint Eastwood movies your parents grew up on)... forget them. They were a Hollywood illusion. The US was never that pure. 3) The future isn't predetermined. In fact it belongs to those who can show "grace under pressure", be innovative, flexible,responsive. SEEK the overturn of the status quo. (that includes OBAMA). Yeah, it seemed he was a new dawn, only now it's apparent he was bought by the true powers-that-be. Thus, seek to over throw the powers that be. They are the true enemy (and they're our countryman), imagine that...the enemy is local, not Muslims, not Communists, not Aliens, nope, just plain old americans. Greedy bastards for whom ... "too much is never enough". They are the true enemy. Hint.... as starters, investigate the FED and question why it should even exist. Think: --term limits on government officials --public financed elections --a radical revamp of the tax code (I suggest ditching ALL deductions as that's where the lions share of avoidance and unfairness occur. Basically, you're screwed unless you can precipitate these major changes in the US. Gods speed & Good luck. Good article, as usual, but as usual… too smug. The author strikes me as someone who’s made enough money to insulate themselves from events. As such, his advice is of dubious worth.

Some insight to any who think they can “fold’em” and relocate. You can’t. The world no longer welcomes refugees. Just try showing up in Oz, NZ or Costa Rica thinking you’re going to put down roots and legally work. Fat chance.

Nope, you’re stuck here … in the good old US of A. Yep, there’s a s***load of problems more or less created by folks before you who were looking for the quick,easy way out. The politicians they elected were oh so quick to offer them that easy way out.

The straits we now find ourselves in is the result.

If Bill Bonner can offer unsolicited advice, so can I.
Here goes:
1) Consider the Gov as one party getting their finger on the trigger and turning it on all the others…. always consider Gov in that regard.
2) All those movies about the U.S. being righteous and god fearing (you know, those John Wayne and Clint Eastwood movies your parents grew up on)… forget them. They were a Hollywood illusion. The US was never that pure.
3) The future isn’t predetermined. In fact it belongs to those who can show “grace under pressure”, be innovative, flexible,responsive.

SEEK the overturn of the status quo. (that includes OBAMA). Yeah, it seemed he was a new dawn, only now it’s apparent he was bought by the true powers-that-be.
Thus, seek to over throw the powers that be. They are the true enemy (and they’re our countryman), imagine that…the enemy is local, not Muslims, not Communists, not Aliens, nope, just plain old americans. Greedy bastards for whom … “too much is never enough”. They are the true enemy. Hint…. as starters, investigate the FED and question why it should even exist.

Think:
–term limits on government officials
–public financed elections
–a radical revamp of the tax code (I suggest ditching ALL deductions as that’s where the lions share of avoidance and unfairness occur.

Basically, you’re screwed unless you can precipitate these major changes in the US.

Gods speed & Good luck.

]]> By: Mark http://dailyreckoning.com/class-of-09-youre-screwed/#comment-9928 Mark Sun, 31 May 2009 11:09:33 +0000 http://dailyreckoning.com/?p=16039#comment-9928 I live in Bulgaria with barn land and independent water supply and gold in Switzerland. I pray a lot cant help it. The people are skilled at producing food and preserving it they have to be because they dont have much cash many have a horse and cart. Of course political and social instability is a worry. Most people here have guns but they dont shoot each other. I live in Bulgaria with barn land and independent water supply and gold in Switzerland. I pray a lot cant help it.

The people are skilled at producing food and preserving it they have to be because they dont have much cash many have a horse and cart.

Of course political and social instability is a worry. Most people here have guns but they dont shoot each other.

]]> By: Evan http://dailyreckoning.com/class-of-09-youre-screwed/#comment-9906 Evan Sun, 31 May 2009 05:04:48 +0000 http://dailyreckoning.com/?p=16039#comment-9906 Folding, as Bill suggests, is accomplished by openly and frequently speaking of succession from the Union and repudiating its debts. Spread the word! Folding, as Bill suggests, is accomplished by openly and frequently speaking of succession from the Union and repudiating its debts. Spread the word!

]]> By: Jim Lorenz http://dailyreckoning.com/class-of-09-youre-screwed/#comment-9903 Jim Lorenz Sun, 31 May 2009 05:00:00 +0000 http://dailyreckoning.com/?p=16039#comment-9903 Pretty soon it will be every man for himself and his family. With hyperinflation we will be on the edge of anarchy; rule by the most powerful warlords and the very young and the very old die off as resources thin out. I'm too old to run and too sick to fight, so I'll make sure that my family is prepared. I'd appreciate suggestions for us still at the table. WTSHTF it will be very sudden. Every moment we have to prepare is golden. Time not to be wasted. Pretty soon it will be every man for himself and his family. With hyperinflation we will be on the edge of anarchy; rule by the most powerful warlords and the very young and the very old die off as resources thin out. I’m too old to run and too sick to fight, so I’ll make sure that my family is prepared.
I’d appreciate suggestions for us still at the table. WTSHTF it will be very sudden. Every moment we have to prepare is golden. Time not to be wasted.

]]> By: Roger That http://dailyreckoning.com/class-of-09-youre-screwed/#comment-9898 Roger That Sun, 31 May 2009 04:05:46 +0000 http://dailyreckoning.com/?p=16039#comment-9898 ...a govt. job, a senate seat.. But for us civilians, this senario reminds me of a comment made by someone from the old U.S.S.R., "we pretended to work, and they pretended to pay us." …a govt. job, a senate seat.. But for us civilians, this senario reminds me of a comment made by someone from the old U.S.S.R., “we pretended to work, and they pretended to pay us.”

]]> By: Golly Gosh http://dailyreckoning.com/class-of-09-youre-screwed/#comment-9877 Golly Gosh Sat, 30 May 2009 23:30:39 +0000 http://dailyreckoning.com/?p=16039#comment-9877 Bill needs to write another article detailing exactly how we can get up from the table and walk away. I was never very good at gambling and I would really like to walk away before I become a complete patsy instead of just half a patsy so far! Bill needs to write another article detailing exactly how we can get up from the table and walk away. I was never very good at gambling and I would really like to walk away before I become a complete patsy instead of just half a patsy so far!

]]> By: roger Calk http://dailyreckoning.com/class-of-09-youre-screwed/#comment-9858 roger Calk Sat, 30 May 2009 18:15:25 +0000 http://dailyreckoning.com/?p=16039#comment-9858 Bill surely means you need to seek employment from the government. Preferable a senate seat. Bill surely means you need to seek employment from the government. Preferable a senate seat.

]]> By: AlanH http://dailyreckoning.com/class-of-09-youre-screwed/#comment-9856 AlanH Sat, 30 May 2009 17:52:04 +0000 http://dailyreckoning.com/?p=16039#comment-9856 So where is this safe haven I should be relocating to? Im not sure any other country is inflicting any less pain on future generations. So Im planning to slash my wrists: then they'll be sorry. Ah, the final frontier. Ha !!!! Can't catch me. So where is this safe haven I should be relocating to? Im not sure any other country is inflicting any less pain on future generations.

So Im planning to slash my wrists: then they’ll be sorry. Ah, the final frontier. Ha !!!! Can’t catch me.

]]> By: Jim http://dailyreckoning.com/class-of-09-youre-screwed/#comment-9852 Jim Sat, 30 May 2009 16:27:33 +0000 http://dailyreckoning.com/?p=16039#comment-9852 Bill I have read your articles for years and have bought GOLD! thank you... I wish I would have bumped into you at the BU graduation event. My daughter graduated from BU that weekend too...Went from Deans list BU student to another unemployed kid in one day! Bill
I have read your articles for years and have bought GOLD! thank you… I wish I would have bumped into you at the BU graduation event. My daughter graduated from BU that weekend too…Went from Deans list BU student to another unemployed kid in one day!

]]>