PatriotReactor on Nostr: Millennials were the most financially handicapped generation during the 2008 housing ...
Millennials were the most financially handicapped generation during the 2008 housing crisis. And it was with them that the related housing-financial-ponzi schemes began to evaporate. So it was easy to scapegoat this generation for the economy crashing. And if the economy didn't crash with them, it would had crashed with zoomers, making them the scapegoat instead.
Now those millennials are starting families, and the ponzi's diminishing marginal returns are diminishing even faster than the previous collapse. Yet for all their faults, millennials are probably not going to do scapegoat their progeny the same way they were this time around, making the scapegoating even harder for the financially-colluding media. They remember all too well.
As for boomers, a demographic most dependent on the housing equity-ponzi-schemes, they'll buy the rhetoric again, to some extent at least. But even here the narrative will collapse. Because unlike in 2008, the dollar's reserve status is on its death bed, making the inflation effects of a similar, but greater, bailout all but impossible to hide. Who will they blame then? Zoomers? Please.
If anything, there's a real potential for both millennials and zoomers to be even more conservative than their forebears if only they collectively embraced meritocracy, instead of the divide-and-conquer rhetoric that has been forced down our throats for decades. And yes, that includes derisive attitudes towards boomers in general.
The opportunity is there.
We just have to take it.
https://www.theatlantic.com/ideas/archive/2018/12/stop-blaming-millennials-killing-economy/577408/
https://archive.is/FCwpv
Truth.jpeg
Now those millennials are starting families, and the ponzi's diminishing marginal returns are diminishing even faster than the previous collapse. Yet for all their faults, millennials are probably not going to do scapegoat their progeny the same way they were this time around, making the scapegoating even harder for the financially-colluding media. They remember all too well.
As for boomers, a demographic most dependent on the housing equity-ponzi-schemes, they'll buy the rhetoric again, to some extent at least. But even here the narrative will collapse. Because unlike in 2008, the dollar's reserve status is on its death bed, making the inflation effects of a similar, but greater, bailout all but impossible to hide. Who will they blame then? Zoomers? Please.
If anything, there's a real potential for both millennials and zoomers to be even more conservative than their forebears if only they collectively embraced meritocracy, instead of the divide-and-conquer rhetoric that has been forced down our throats for decades. And yes, that includes derisive attitudes towards boomers in general.
The opportunity is there.
We just have to take it.
https://www.theatlantic.com/ideas/archive/2018/12/stop-blaming-millennials-killing-economy/577408/
https://archive.is/FCwpv
Truth.jpeg