Baby Boomer Peak Spending = Consumption Collapse

[willia3r]

Thanks babyboomers.

Thank you for the "southern strategy". Thank you for NAFTA. Thank you for Operation Iraqi Freedom. Thank you for Neo-conservatism. Thank you for crop dumping. Thank you for allowing the Social Security Trust fund to be pillaged. Thank you for cutting over 40% taxcuts to the wealthy since 1980 while saddling the middle class with more taxes.Thank you for deregulating oil & investing industries back in 1999 & year 2000.

Boy...you guys sure did a lot for America, huh?

[VictoryIndependence]

@willia3r actually if you look at what caused the housing crisis, it was the so called solutions to the last depression.

[willia3r]

@VictoryIndependence

I disagree, but such is the freedom of America that we are entitled to have an opinion.

[MrLotineGuy]

Dreadful. I did have sympathy for the young but I am sick of the nastiness. We did not have it as easy as you think by any means. We went through negative equity before you were born. You are playing into the hands of governments who want baby boomers to be euthanised so that the elite can enrich themselves even further. I notice that, when pointing the finger, baby boomers extend to practically the entire adult population. THINK.

See video

"Media Incite Intergenerational Conflict"

[fordmoto100]

The Greatest Generation (the world war 2 generation) gave birth to the worst generation (baby boomers) Boomers are the most selfish generation ever. ME ME ME ME ME.

[willia3r]

@fordmoto100

So true. All the good laws that came out of the 1930s depression that help to contain excess have now been weakened or are now gone.

Now the X & Y generation have no decent jobs to work. NAFTA & deregulation sent those jobs to Vietnam, India, and China. Thank you babyboomers, for really screwing things up.

[wintersnow232]

I would like to suggest a great millionaire dating site for all 40+ mature and well-educated singles. It's called "kissmillionair es . c o m "★◆ it works for me and my friends. Dont hesitate to end your single life. Enjoy your life and see the world with that someone special.

[deltapunk21]

ugh baby boomers are one of the many cogs that are the reason the US is no more....

[MrGreatLakesBuffalo]

I just stopped spending for the duration. I have all I need. 44 and generation x. Now. I just stock metal for my kid. When my fucking selfish "silent generation" finally kick off... I'll buy more metal. I'll leave the grandkids a trust of oil stocks, my double, which will pay the taxes on the land trust. Nice hunting land. Locked up, never to be sold long after I'm dead. The later lineage will thank me when the planet is shit and overrun. land = wealth long term.

[lilmac929]

Great video! It's nice to hear people speak intelligently using facts, common sense and logical thinking. If that was dominate in our culture, we woldn't be having these problems...minus the baby boomer generation. Not much we could have done about a babby bubble.

[etypebob]

Great information, thanks for taking the time to explain.

[Dakarah777]

Great vid-- as usual. LOVE the background scenery.

[Chryogenetics]

That's a pretty awesome holographic fire! j/k

good job, five stars, love the data.

[aktlc123]

your right

[kooks63]

VV, great video as usual. Wondering if you can do a bit on Deflation vs. Inflation. I'm a bit torn between the Schiff camp and others such as Robert Prechter. Both have valid points but current evidence seems to point to deflation. You really need to get this right to invest properly in this environment. Future video perhaps?

[trad444]

This video is wicked with that fire in the background

[kilo199999999]

great video..finally bought some mainstay survival bars...they aren't that bad.

[centervilletn]

ive never considered the consumption of boomers collapsing as they age out...interesting ...thanks..something different to think about...this is exactly why ive been watching your video since March o8

[prettylyricsmarie]

watch out for your arm and that fire.

[1989kirby]

cool fire on the right--the blue makes it look like a hologram

[TheExciteMike]

thank you for this, Dan.

[visionvictory]

thx for the support

[davincij15]

Deflationists assumes governments will stay out of the market as it deflates. They also assume that governments will not be able to create enough money.

That's a joke, anyone can type in 10,000,000,000,000 into a keyboard and hit enter and use it to bail out hand out or send.

[coultrane]

The Japanese opposition party won an overwhelming vote. One of their more interesting campaign promises, from a US perspective, is to demand that US treasuries be denominated in yen. In other words, they are effectively saying, F U America, we aren't playing the printing press game with you ANYMORE! Another interesting promise by the DJP is to INCREASE domestic spending which portends a possible liquidation of US treasuries priced in dollars.

[coultrane]

Japan 'would avoid dollar bonds'

The election defeat of Japan's Liberal Democratic Party (LDP) after 54 years of nearly unbroken rule and the landslide victory of the opposition Democratic Party of Japan (DPJ) has met a cautious welcome in newspapers around in the world.

news. bbc . co . uk/2/hi/business/8046599 . stm

[visionvictory]

nice link

[loveguitars]

Great Video Bro!!!

[nasanction]

The fireside chat.

I'm no expert in finances, But everything I have heard from your channel has made perfect sense when every where else I was left with puzzles. Thanks for keeping it real!

Peace first!

Everyone knows what comes second. Right?

[virusone25]

war?

[3andurfree]

Great video. Harry S Dent Jr talks about this and goes into detail about it. Great job condensing the info too!!!!

[vention4wh]

Awesome video as usual. A real wakeup call to get your house in order before things get bad.

By the way

How do you make a fire that shoots blue laser beams into space like yours does?

[prescottbill]

Economist have known this for years, politicians have been ingnoring this for years. Social Security and Medicare are mega Ponzi schemes that will implode in the near future.

You have to rely on yourself for retirement, big government won't be there to get you through it. Maybe you won't even retire, you will have to keep working. Ever see the 80 year olds working at Walmart or the grocery stores? This is all part of the plan for America, thanks Globalists.

[mrzack888]

it would make sense for corporations to head overseas like China and try to create a consumer society there.

[turdsplatter]

The Fed has until Sept. 30 now to appeal the disclosure order....

[john5246]

. The central bank wanted Preska to stay her order until the U.S. Court of Appeals in New York can hear the case. The Feds ability to effectively manage the current, and any future, financial crisis would be impaired, according to the Feds motion for a stay. It said !!!!!!!!!!!significant harms!!!!!!!!!!!!!!!!! could befall the U.S. economy as well.

[carlosjhr64]

Peak spending? You can't spend what you've not earned. You can't buy what's has not been produced. You really mean peak productivity.

[mrzack888]

the bonfire looks good. may I join you?

[999manman]

Hey, you kids! Cut out that racket! LOL! Well, VV, now you know what to look forward to shortly! Youthful exuberance!

[Herbalpagan]

We're baby boomers, and we have been spending...tangibles, food storage, tools. Whatever we think might be hard to get or too expensive in the future. We're building infrastructure and self sufficiency since we can't count on S.S, .

[Rudenewt]

Nice clear picture! Good subject too.

[ninesticks]

i picked up on this trend several years ago,,,, and a couple of years back it sunk in...today it is simple rote.fact,,,and it is astounding the most folks i speak to about this cannot connect the dots here,,,,i reckon that it is that there is no choice in this anymore and so they look past it...this is the way most folks seem to handle the really big things...i'd reckon like fainting.....too bad this,,and as for the echo generation, the demographic changes will swamp them out...in my view anyway

[profesas]

Great topic

whats with the fire in background?

bbq prawns for dinner?

[mejt223]

keep killin it, v v.

Youre the man

[oldreliable1]

Great topic and cool background daniel.

[CelticReject]

Great video. Oh, btw, don't put your sausages on than bar-b-q unril the flames have died down. They'll burn.

[keithholden]

I must of done something wrong, I got sweet all to spend ;( 43yrs

Except on silver ;D

[Mr1openmind]

Read Dent's book and hope he is wrong about Gold....Great read.

You and Peter schiff will be right. But according to Kondratieff Cycle...might be too early. Better early than a day late!

[takforalt]

In the 1980's, under Reagen, we had more money taking out of our paychecks to pay for this baby boomer bulge. The problem is/was they took that extra money and put it in the general fund, spent it and put IOU"S in its place. Now I hear about "unfunded liabilities" regarding social security. I have got a problem with that characterization. It was funded and stolen from us!

[aceyorba]

this is what is happening with public pensions...

look out below......

[iLLynch]

are u on fire? :)

[CTOL1]

Factual and insightful as usual Daniel

High fives

Be safe

[Ooloosoon]

....No need to say "Sorry for about the KIDS".

We ALL Had better HOPE..YOU...(and EVERYBODY ELSE)...KEEPS HAVING..MORE KIDS.

We ALL NEED THESE KIDS..SO BAD..JUST TO KEEP THIS CIVILIZATION FROM CRASHING (as your Data here Shows clearly)

So THANK YOU FOR THOSE KIDS..And PLEASE CONSIDER HAVING 10 or 15 MORE

Maybe the new saying in the USA (and the West in general) should be "We are all MORMONS now" (lol)

[Bergcity316]

Hey Victory, I have a quick question I have a bunch of bonds and I wasn't sure if I should hold on to them or cash them in now while there is some value left in them.

[whiskerchild]

Nice review- you brought this up at your Ontario, CA Hilton seminar- very interesting. I bring it up to friends and family too.

Thanks,

Tina

[catdog262]

Digging the scenery brother 5stars !

[chromedreamz]

Thanx !!

[jcwitness]

Thanks for posting.

I try to educate (to an extent) anyone I meet.

About an hour ago it was a county officer parked out in the country.

Yesterday it was former neighbors.

I make sure I list facts and not anything subjective or empty opinion (you know, like the MSM).

People are receptive and interested.

[bigtwo1952]

You are making some very important points. 5*

[moviefan7X5]

Thanks for a great fire-side chat! 5*****

[VictoryIndependence]

Did you bust out the smores? :)-

[frontier1701]

An energy beam from space has started a fire next to you!!

[eurohim]

Klaatu barada nikto!

[VictoryIndependence]

LOL thx May the force be with you :)

[manicbuyer]

I think you were right on prior vid about potential for bank run..your scenario makes sense on why and how it could happen " now ". We've heard the term thrown around but you defined one perfect storm that could allow it. On this vid- baby boomers just found out real estate and the stock market aren't "guaranteed" anything and most lost and are still losing.With the unemployment crisis like we have those income taxes down, prop taxes down, spending down, it's going 2 B insane.Thanks 4 the vids!

[KhmerD0g]

U.S. withholding taxes. check this video:

watch?v=bfTgeLH_tVc

no wonder the IRS is cracking down on tax havens like the Swiss banks.

[LJPpro]

first