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alstry (35.35)

The Old People Bankrupted America

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November 22, 2011 – Comments (12)

When the Old People started working in 1980, the total public and private debt in America was about $5 Trillion dollars.  In just 30 years, the Old People mushroomed that debt 10X to over $50 Trillion dollars.  The Old People had a lot of fun spending the money they borrowed.  Everything seemed like it was booming and growing for 30 years.  Ironically, about the same time frame Madoff operated his Ponzi Scheme. 

It was this borrowed money that became the assets in the Old People's retirement, pension, savings, and investment accounts.  It was this same borrowed money that made the Old People feel rich.

In 2008, the Old People had finally borrowed so much money they bankrupted America....and the world for that matter.  So in 2009, instead of fixing things, the Old People borrowed TRILLIONS more from the Young People simply to keep their financial assets solvent so they could keep feeling rich. 

The Old People didn't care if they could NEVER pay this money back to the Young People.   They thought they were entitled to this money.  After all, they are the Old People and they want to retire and force the Young People to be their slaves.

The Old People were scared.  If the Old People didn't borrow trillions from the Young People, ALL of the financial assets in the world would have gone bankrupt.  The Old People would have been broke.....JUST like the Young People that they borrowed the money from and bankrupted.

Only one Old People was kind enough to acknowledge this fact and thank the government for borrowing this massive amount of money from the Young People....his name was Warren Buffett and he said it in the New York Times in 2010.

http://www.nytimes.com/2010/11/17/opinion/17buffett.html

But after the Old People took all the money, there was no opportunities for the Young People because the jobs vanished after the Old People bankrupted the economy.  The Young People were frustrated.  Not only was all their money borrowed away by the Old People, but they were convinced to borrow massively themselves to get an education so the Old People could make lots of money teaching subjects that were meaningless in their jobless world.

And to add insult to injury, when the Young People started protesting PEACEFULLY about this injustice....what did the Old People do?  They started mocking the Young People and spraying poison into their faces while the Young People were just sitting there:

California protest incident sparks debate on pepper spray use

So here we are...The Old People Bankrupted America and The Young People have little opportunity in a bankrupt system.  At this point, there is only one reasonable choice...scrap the old system and create a new one from scratch.  A system that is solvent.  A system that is sustainable.  A system that is fair and just.  A system based on a rule of law where justice is applied to everyone....or else there is no justice.

This is the system that we will be building at www.udderworld.com 

It is time for the Old People to stand aside....it is now the Young People's time to build THEIR future.

12 Comments – Post Your Own

#1) On November 22, 2011 at 2:00 AM, awallejr (83.87) wrote:

So anyone over 65 should just die?  God you can be pathetic at times.  You have somewhat decent messages at times but you just go too extreme.

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#2) On November 22, 2011 at 2:04 AM, alstry (35.35) wrote:

Your implication was never stated or implied....but it seems like some Old People think pepper spraying the Youth they bankrupted is the answer.

Udder World believes in a total restructuring of the Unsustainable Industrial Economic Model....no more no less.

It is not the end of the world, just the end of a world as many know it.

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#3) On November 22, 2011 at 2:24 AM, materialsman92 (34.75) wrote:

I like how you captialize "Old People" it's not entirely their fault and they're not that old many are still working.

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#4) On November 22, 2011 at 2:30 AM, alstry (35.35) wrote:

I capitalize Young People too....it is also not entirely their fault.

The Young People would love to be working....but there are too few jobs because the Old People bankrupted the system for the Young People.

In fairness, rapidly advancing technology is also having a material impact on the elimination of traditional jobs....but that topic is being covered in Udder World.

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#5) On November 22, 2011 at 2:38 AM, alstry (35.35) wrote:

As a follow up, the fact that Old People are still working in irrelevant to the fact that they bankrupted the Young People.

For example, there are a lot of taxpayer bailed out Wall Street Bankers still working...and they were very at fault for bankrupting the Young People.

PS:  Those Wall St bankers should be bankrupt and protesting too....let's see how they like being pepper sprayed in their Armani suits?

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#6) On November 22, 2011 at 9:10 AM, Teacherman1 (56.26) wrote:

Just how old are these "Old People"?

I'm an "Old People", and I started working way before 1980.

For a while I thought there was hope for you, and that you would post something meaningful to stimulate reasoned thought and discussion; but now it is obvious you have no life, and simply post "drivel" for the purpose of getting attention.

Your logic is flawed, and your rationale is totally irrational.

I'm not saying this because I am an "Old People", and you "hit a nerve". I'm saying it because most of your posts no longer have any value. They have become, for the most part, "nonsense".

By the way, I don't think the two "campus cops" who pepper sprayed the protestors qualify as "Old People".

JMO and worth exactly what I am charging for it.

This will be my last reply to any of your posts.

Have a great life Alstry. You might start by getting one.

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#7) On November 22, 2011 at 9:28 AM, mm5525 (< 20) wrote:

The old people are the Greatest Generation. The people in their late 80s. The people who were kids during the Great Depression and were taught the importance of saving from day 1. The old people are the ones who fought in World War II. These in the Greatest Generation held on to every dollar they possibly could back when the dollar was worth something, i.e. tied to gold. Back when you could buy a nice house for $35,000.

Goes to show how little this Alstry spammer actually knows about anything. He is referring to people in the Baby Boomer generation as "Old People" He must be 16 years old or something.

He promotes his website the same way the other spammers promote the oil trading academy. Those spams are deleted from this site, but not Alstry's. That's a shame. This site would be far less filled with clutter without worthless spam from this person.

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#8) On November 22, 2011 at 10:11 AM, leohaas (31.55) wrote:

mm5525: I was going to post the same response. You beat me to it. See, we can agree on something!

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#9) On November 22, 2011 at 10:30 AM, ChicagoMary (< 20) wrote:

 

As a "Lucky to be alive lived through Civil Rights and Vietnam War Struggle Old Person", I say that alstry should change his or her name to astray.  Yep, they are a stray of actual history and economics.  

A person who lacks historical knowledge is doomed to repeat the mistakes of others, who engulfed by their predujices, turn their frustrations into hatred of "the other".

I hope that astray doesn't follow this path, that has led to such horrors as lynching of African Americans, killings of Latinos and gays, as they all are "the others" and like the so-called logic of "the old people bankrupted America" essay.

Signed: "Lucky to be alive lived through Civil Rights and Vietnam War Struggle Old Person" 

 

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#10) On November 22, 2011 at 10:54 AM, mm5525 (< 20) wrote:

Thanks, Leohass. Happy Thanksgiving to you and yours. I am glad we have some common ground!

I learned the value of a dollar from the Greatest Generation. I have known millionaires from that generation who continued to use coupons at the grocery store well after their money was made. People who would still drive through a small town on a road trip and go through the entire town in search of the cheapest gas. Some would magically have some hospital toilet paper end up in their homes, or some restaurant ketchup packets or napkins ending up in their home kitchen by forces of nature I just can't explain. Those people were the most affected by a cheapened dollar. Those that are still alive aren't making squat on their savings due to low interest rates, and their buying power has far been diminished. At least the young people have time on their side to make they own way in the world in terms of earning power potential.

Those in the Greatest Generation saved and invested first. Then they spent prudently and wisely. Today it's the other way around except the savings rate is probably non existent with most younger people. We live in a spend-first, save-someday-if-ever society. Young people could learn a lot from someone in their 80s. They ought to occupy a nursing home and talk to some of these people and glean some words of wisdom from them while they are still around.  

I do know those in the Greatest Generation would do virtually any legal job they could to make ends meet. I can't say the same about the youth of today. Not even close. 

 

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#11) On November 22, 2011 at 11:00 AM, catoismymotor (32.10) wrote:

Everyone, don't get your shorts in a knot. He is a provocateur. Even he doesn't beilieve half the mess he writes.

 

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#12) On November 22, 2011 at 12:48 PM, Teacherman1 (56.26) wrote:

I said I was not going to post again, but I am making this one time exception to set the record straight.

Alstry is not 16 years old. He is an attorney probably in his late 40's, and knows quite a bit about investing.

He has just chosen to stop posting about that, and to post what he probably, at least at first, thought was useful commentary on the state society and the coming technology.

Like most others, he then overdid it, and apparently now gets a kick out of irritating and upsetting others in this group.

It's too bad he has chosen to take this route, rather than make logical, rational comments that could possibly be of some use to get others thinking about things to come.

I would advise others to do what I will be doing from now on, which is simply ignore him.

Have a great day and don't get too worked up over what is going on in the world today.

As an "Old People", I can assure you that all things eventually pass.

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