Baby Boomers : Are they the cause of the economic crisis in America?

[ThePatriotMuckraker]

The truth? Search: George Carlin baby-boomers.

[StrtTlkWealthRadio]

@mrmilleniumproof I'm not saying it's right or just, but you do miss the point. That consumption binge WAS the 80's and 90's. HUGE, MASSIVE amounts of leverage i.e. (Investment or in fact MULTI-layers of debt) were banked into the boom. The R.E. bubble was only one part. Nothing the government will do can turn off the downtrend and what you are seeing globally is the BUST of a downturn and the chaos of how much was banked into the boom, that now has to be washed. YES, you WILL be effected!

[MrLotineGuy]

We are heading towards another holocaust because the baby boom generation are being blamed for the economic crisis and this situation has been manipulated by the global elite to protect the bankers who are the real cause of the crisis.

[StrtTlkWealthRadio]

@MrLotineGuy Thanks for your comments. Now did you actually watch this video and understand what I am saying? How can you blame a generation for being born? We are just saying that consumption demand will decrease if the majority demographic is going to spend less. The only thing to screw up is to try to fix it by stimulating false demand with cheap money. did you interpret something else here? I'M A BABY BOOMER YOU KNOW, ;-0

[xspettacolare]

i like this channel maybe we could get some more vids up?

[StrtTlkWealthRadio]

@xspettacolare Thanks! We're workin on it! Lots more to come.

[ACEMOM2010]

Greed is the cause is what I think. Selfish, self centered narcissistic people who get a little money, get a little power over others, want more, more more and while in their element they destroy for sport. That is what I think.

[StrtTlkWealthRadio]

@ACEMOM2010 I totally appreciate the sentiment and how it seems that way. But the question is where in history or where in todays world has a culture overcome this with a prevailing sense of ethics? Communism fails because you can milk the incentive out of individual efforts if there is no individual reward. And perhaps China seems like a successful balance, but don't be fooled. Their government has created what will be the next global bubble, mark my words.

[ACEMOM2010]

@StrtTlkWealthRadio It seems that way to me because I have and am exsperienceing it that way. I do not think that todays world can recover from it, not for the betterment of all that is. I also do not know where in history a culture has overcome these hardships with ethics in tack but then again I haven't researched this and cannot recall. I'm sure it in a movie or two. Todays world, culture in such an unmanageble state, reminds me of the demise of Easter Island. I believe you on China issue...

[StrtTlkWealthRadio]

@ACEMOM2010 Hey dear, I just found a site that is at least somebody's efforts to apply common sense ethics to government. check out therouteout (dot com) (Youtube won't let me paste a URL. So I spelled it out)

[ACEMOM2010]

@StrtTlkWealthRadio Thank You It's a great site.

[KenMacMillan]

Throwing darts might be a bad way of picking mutual funds, but it's a great way of picking individual stocks. Saw it on Stossel.

[StrtTlkWealthRadio]

@KenMacMillan Does that mean it doesn't matter, and that it all comes out the same?

[KenMacMillan]

@StrtTlkWealthRadio The market is almost completely random & unpredictable. On the whole, it always goes up over a 20 year period but individual stocks are as unpredictable as a roulette wheel. That's why the best retirement strategies spread money across large portions of the market (mutual funds, index funds, etc.). A great book on the subject is "A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing" by Burton G. Malkiel. He revises it every few years.

[StrtTlkWealthRadio]

@KenMacMillan Hey Ken. Thanks for the Stossel video you sent me. It's a gem and tt's going up on my website ASAP. But go see my website (You Tube won't let me message a URL, but it's the SOLUTIONS page of the site (find URL on my YouTube Channel) and see the 28 minute slide show = "Historic Rates of Return - Wall Street's Dirty Little Lie". You may find it a whole new way of looking at predictable growth. We're currently trying to Camtasia it and then post it in pieces here.

[StrtTlkWealthRadio]

YOU GUYS ARE SO AWESOME! I LOVE YOUR COMMENTS. What a bright bunch of viewers we have. I am so diggin it!

[OperationTailGunner]

I find your logic about Baby Boomers causing the current economic problem to be troubling. If Baby Boomers are causing a problem, it will be because they are living to long and in many cases living to large (debt.) But then again, this has been the American way for quite some time. If we lived like we did during WWII, there would be no problem.Wars, disease death by tobacco etc...

[StrtTlkWealthRadio]

@OperationTailGunner I just did a 60 minute interview with Harry Dent a week ago, which we're trying to get edited and posted ASAP. The fact is the Private Sector Debt actually had a MASSIVE run-up in the last decade or so. The trend did change.$17 Trillion in Financial Sector Debt alone, which was just about non-existent in 1929. That's things like Collateralized Debt Obligations (sold mortgage obligations) and Credit Default Swaps. I'm not blaming Baby Boomers.Their parents caused the Boom!;-)

[MsBananaKush]

Many of your points are good here. Many have taken part in many usury schemes. Until you end the source of that usury, and it's deceit on the American people, which would be a monopoly like we've never seen before. The Federal Reserve. End that control, and see just how much usury can really take place. If people don't think this is all connected, then, the confusion that they have attempted to create since the inception of the Fed has been successful. The Father's warned us. We didn't listen.

[StrtTlkWealthRadio]

@MsBananaKush I wouldn't even mind HONEST usury. But misleading or dishonest usury, slathered over an unsuspecting population starts making things very criminal. What we are saying most immediately is that the stock market is no dependable way to grow retirement funds for a working person who has no time to learn to beat the game. Go to our website (URL found at out YouTube Channel) and see our SOLUTIONS page and watch the slide show "Historic Rates of Return - Wall Streets Dirty Little Lie".

[MsBananaKush]

@StrtTlkWealthRadio Oh, I follow you. I just have never seen 'honest' usury. I wish you well. We'll find solutions. Eventually. Thanks!

[StrtTlkWealthRadio]

@MsBananaKush Well, I was using the word "usury" facetiously, to be sure. I just mean I'm not opposed to capitalism if it is well regulated on the foundation of preventing fraud, lies, and upholding consumer protection and that has NOT been the case, which got us in to this mess. People don't know what they're getting into with their life savings - duh! THEY need to take responsibility for their bad decisions, and those that told them to "sign here - trust me" should face prosecution as well.

[Whitehorze]

I've increased my 401k by over 231% in the last 5 years...

I think i'll keep doing it my way...

[StrtTlkWealthRadio]

@Whitehorze Very well done! As mentioned. most Americas are workers, not investors. They have savings they can't keep constantly at risk unless they conscientiously separate their ratio of savings from investing, & decide what could be at risk vs what should not be. For bolder kinds, such as yourself, they can keep 100% at risk and just keep piling up. For those who must stay a little safer, we are addressing the SAVINGS part of that pie. Your returns are awesome & don't reflect"Buy & Hold".

[Whitehorze]

@StrtTlkWealthRadio Yes they do. As an example: I just bought $10,000 worth of Oshkosh stock at $17 a share. I babysit the stock for a few months and wait until it goes back up to it's normal price of $40 a share. I'll double my money after fees. because exerything is in a Roth IRA I don't pay taxes on anything (Yet...).

The problem with Boomers is that bought into the great society promise. And like so many people who put their faith in government - They were betrayed and left to rot.

[StrtTlkWealthRadio]

@Whitehorze Thanks Whitehorse. What I am saying is that you seem to be timing your buys and sells. Correct me if I'm wrong but you buy low and sell high. That's NOT what stock and mutual fund and 401K salesmen usually tell people to do. The S&P 500 today is no higher than it was in the year 2000. Most people are told to buy the market, ride the market, and don't try to time your buy or sell. Then somehow, they'll just sell as they need their funds. Not workable, right?

[Whitehorze]

@StrtTlkWealthRadio That's why I wen't through 6 financial advisors until I found one that was on the same page as I was.

The flip side of being free is that your on your own.

[IQ20000Berta]

@Whitehorze 401 Unauthorized

231% 2 minutes online casino

[AnubisEye009]

yes. lol

[StrtTlkWealthRadio]

@singledad1234 Huh?

[StrtTlkWealthRadio]

@StrtTlkWealthRadio OH! I GOT IT! Wow! Sorry I missed that, SindleDad. More power to ya, 'bro!

[StrtTlkWealthRadio]

@johnvena56 Yeeeeessssssssss IIIIIIIIIIIIIIIIIIIIIIIIIIIII aaaagreeeeeeeeeeeeeeeeee! If you lose your job, learn to be an entrepreneur, FAST!

[StrtTlkWealthRadio]

@Buddy3315 Our responsibility is that we have in the past elected leaders who were ever so willing to borrow our country into debt, while deregulating our financial system into perversity. It's a HUGE problem. Do we only let independent minded educated people vote - i.e. those who can think about the details and outcomes, or do we remain a democracy that has become a popularity contest of telling Americans we can buy anything we want, even if we have not produced it or exchanged for it?

[StrtTlkWealthRadio]

@singledad1234 Right on, brother. (Or sister?) The media blackout on Ron Paul is so scary it rocks my world, (not in a good way).

[GracieJujitsu1]

Obama is the cause.

[StrtTlkWealthRadio]

@GracieJujitsu1 Gracie, I tend to think that few politicians are knowledgable economists. I'm glad I don't have to forge my opinions about right and wrong by thinking about how irate my party colleagues are going to get about it and if I am gong to be kicked out in the next popularity contest. The Fed is more my concern. He did his job to get enough liquidity back into the sector to stop a total freeze. Now, the government needs to stop rewarding banks unless they write-down debt on households.

[wolf7379]

Sorry this is absurd. You are not addressing the issue but ignoring it completely. The Federal Reserve Bank is a private company which serves the interest of bankers only and not the people. Our banks and financial institutions have at its core corrupt elites who are intent on destroying economies of countries so that they can merge all nations into one totalitarian police state called the NWO under a world banking system for their benefit only.

The Money Masters - Full

/watch?v=JXt1cayx0hs

[StrtTlkWealthRadio]

@wolf7379 I totally understand what you said. Short of revolution, I still have to consult folks on how to plan for retirement. There are A LOT of hard working people out there who have worked their whole lives to have $500K saved, their bodies are getting older, and if they make a wrong move now, they are going to lose half their wealth and live their Golden Years in poverty. My job is to preserve that wealth for them. I have to boil down current events to interest rates and investment risk.

[smithfix]

Precious Metals (physical in your hand). Period End of Sentence. No counterparty risk. No fees, no middleman.

[StrtTlkWealthRadio]

@smithfix Not a given, my friend. Money supply will contract, not expand, because about $15 Trillion in Private Sector Debt must still rupture and write-down. $3Trill from the Treas won't plug it. Banks aren't moving the money because they're scared about their still-skewed balance sheets, no longer "marked to market", plus, no one wants to borrow, they want to pay down debt. Once China Bubble starts to burst, commodities are going to take a hit. Gold is fine, but don't overplay it, my advice.

[Tanarus20]

"Baby Boomers : Are they the cause of the economic crisis in America?"

No. They did their time. They put into the system. It's the politicians that don't know how to add or subtract. The politicians who drained the pot to fund the wars...

[StrtTlkWealthRadio]

@Tanarus20 AB-SO-FREAKIN-LUTE-LY! What's really mucked up is that those politicians are BABY BOOMERS! Peace, Love, and Debts my friend! Our political system is such that nothing changes until a complete crisis besets us, and we're not there yet. Just ask your stock broker ;-p. Confidence, confidence, my friend.

[mrzack888]

even with all the debt burdens of European countries, the Euro is still seemingly strong. it proves that a debt burden doesn't affect the value of a currency. the US dollar is going to get stronger if the Euro dies.

[StrtTlkWealthRadio]

@mrzack888 Yeah, the dollar is going to rise. We saw that with the flood to dollars just after the S&P Downgrade, which resulted in LOWER interest rates! But once the worldwide debt washes out in the further downturn/double-dip recession/depression, which could take 5-10 years, then we need to look at where Europe and the Emerging Markets are at that time.

[NoLimitsTV1]

great video 

[StrtTlkWealthRadio]

@NoLimitsTV1 Thanks, bud!

[NoLimitsTV1]

GReat stuff on your channel

[ISamuelII]

Legislated gambling, putting your retirement into 401 pyramids, scams all around historically designed to crash.

[StrtTlkWealthRadio]

@ISamuelII I couldn't have said it better.

[ISamuelII]

@StrtTlkWealthRadio It must be a real brain twister to be in the fin-field trying to make a living,,, when you know the scam is on.

[StrtTlkWealthRadio]

@ISamuelII - Real people gotta put real food on the table, my friend.

[StrtTlkWealthRadio]

@StrtTlkWealthRadio btw, I DO NOT play markets. I only work with guarantees. Yeah, yeah, you're right that the guarantees are only as good as the Guarantor. But it will take a HUGE upheaval to rip into our insurers as opposed to stock market risk of loss which happens in a blink.

[Toekneebullard]

HUMMMMMMMMMMMMMM

[StrtTlkWealthRadio]

@Toekneebullard I don't have the charts, but if you hum a few bars I can fake it! ;-)

[drnorris56]

good video

[StrtTlkWealthRadio]

@drnorris56 Thanks my friend! Lots more coming.

[tillasmax]

Great video keep up the good work.

[StrtTlkWealthRadio]

@tillasmax Thanks! Much more to come.

[NWOrDREGS]

Elite is our problem. The multi-billionaires. Who buy our politicians. Until we stop them? Our planet and all of us are on a slow death spiral. And our liberties will be stripped bare.

NWO? Stop them now!

Thumbs up.

[wolf7379]

@NWOrDREGS I totally agree with you one hundred per cent on this. All this talk of baby boomers is avoiding the real problem - it's complete nonsense. End the Federal Reserve Bank and get rid of global elites, CFR, Trilateral Commission, Bilderberg, IMF, Rockefeller and so on. The financial crisis in U.S. was deliberate crime. Greece and other countries were deliberately put into financial difficulties by corrupt bankers and Governments. The problem is large scale corruption at the very top.

[StrtTlkWealthRadio]

@wolf7379 Yup. Go read Crisis By Design by John Truman Wolfe. I don't agree with all of his personal financial planning advice, but he is a former banking insider who spills some hot beans!

[wolf7379]

@StrtTlkWealthRadio I'm going to check it out, thanks. And...his 'Wolfe' name means he belongs to one of our wolf packs. :)

[wolf7379]

@StrtTlkWealthRadio Sorry I thought you were 'NWOrDREGS' responding to my message. I still say again that the Federal Reserve has to be eliminated. The power to issue money must be restored back to the government and NOT to private inidviduals or companies. Private individuals or companies ALWAYS work for their own benefit and NOT for the people of the U.S. We have to get rid of fractional reserve banking. The global elites are corrupt who sit at Bilderberg in secret deciding our fate.

[StrtTlkWealthRadio]

@wolf7379 Right on. Go Ron Paul.

[StrtTlkWealthRadio]

@NWOrDREGS Hey, check out my friend, John Talbott's movement. Go to Google and look up John Talbott Stop the Lying. John has written extensively about how Washington has been bought off and he has the chops to change some things.

[capezzutotube]

You have to have a shred of concern for us too in the south of Italy and precisely this phenomenon is common in Naples, then pulls a living or you supernal most insidious obstacles.

[StrtTlkWealthRadio]

@capezzutotube My heart goes out to the Ilalian people.

[MrJandi1]

Part 4- Once you've screwed the pooch, you can't go back and unscrew it and make no mistake, the Boomers screwed it royally.It's time for a new pooch.The only hope that Gen X, Y and the millennial's have is to destroy the Government and start over and rebuild a nation that our future generations will be proud to inherit. The only legacy that the Boomers will leave is how NOT to run a country , Swingers and Disco. Thanks a lot!

[StrtTlkWealthRadio]

@MrJandi1 WOW! Outside of that, do you have any strong feelings about the matter? (OKAY!! Just kidding!) But seriously, do you think the problem is uniquely a Boomer issue? How do you feel about the WWII Greatest Generation? Better or worse? And how would you recommend we put the world back together, or rather what would it look like, after you destroy the government? Then what, specifically?

[MrJandi1]

Part 4- Once you've screwed the pooch, you can't go back and unscrew it and make no mistake, the Boomers screwed it royally.It's time for a new pooch.The only hope that Gen X, Y and the millennial's have is to destroy the Government and start over and rebuild a nation that our future generations will be proud to inherit. The only legacy that the Boomers will leave is how NOT to run a country and Swinger and Disco. Thanks a lot!

[MrJandi1]

Part 3- Maybe instead of making excuses and bending figures to convince people that it wasn't their fault. to finally once in the Hippies and Yuppies lifetime, to stand up and apologize to their fathers and sons for ruining this country and take responsibility to help fix it without thinking of yourselves. It's the least the WORST generation can do at this point. (Cont.)

[MrJandi1]

Part 2- Truth is the "Me" Generation is is control and still is only thinking of themselves. Your Grandfathers and Fathers left you with a world superpower and the land of milk and honey where everyone had a true chance at the American dream. Boomers ruined it and now is leaving an insurmountable debt for future generations while living off of their backs. You're the only generation that went sex, drugs and rock and roll to My country, my guns, my bible, MINE!MINE! MINE! (Cont.)

[MrJandi1]

The Baby Boomers aren't "The" cause, but they are "A" major cause. There are many causes, some that you mentioned, but it doesn't take away from the fact that many of the policies that where passed and jobs outsourced were created and passed by Baby Boomers. Now, the Boomer want to fight tax increases and further regulation that is necessary to this country. (Continued Next Post).

[pissandwind]

Whilst your FED is removed from the Government and makes you borrow every dollar America needs from it by "Law" you will never get in front.

[framk20SH]

yes

[debtshepherd]

Good video. Finally, someone talking to baby boomers about why we're in the mess we're in. No, you baby boomers aren't the cause of the economic crisis in America.

You are simply the first wave of Americans who will see/feel the ugly truth. The stock market is manipulated and currency is deliberately devalued by The Federal Reserve. The public is brainwashed to think they should invest in the whole corrupt system.

Education is key to freedom. You must, in turn, educate others.

[StrtTlkWealthRadio]

Right on Greg. I think the trickiest call is still going to be the Inflation/Deflation question, albeit we might begin to see a different type of inflation or deflation. It all does come down to utter, total hemmoraging of debt. While Europe is slightly different because of it's socialistic welfare states; the US scene is that our government, above and beyond unfunded entitlements which were already bearing undue pressure, has a private sector with close to $20trillion more bad debt to rupture.

[StrtTlkWealthRadio]

@debtshepherd See post Part 1. (I think it landed above) PART 2: If the Fed goes hell bent to replace all that private sector debt, we will eventually see the type of hyperinflation you speak of. But, if restrained, and that private sector debt ruptures without backing by govt. (which would be best, btw) we will actually be more likely to see a deflationary depression. $1-2 trill by govt won't replace $20 trill of oxygen sucked out of the private sector.

[StrtTlkWealthRadio]

@debtshepherd I'm sorry. I forgot one more thing. We produced a complete report entitled "Inflation or Deflation? America's Monetary System in Crisis and How to Plan For It". It contains a strategy to mange BOTH concerns simultaneously. It can ordered for free from our website. Find the website URL on our YouTube Channel and then go to "Featured Articles".

[debtshepherd]

Good video. Finally, someone talking to baby boomers about why we're in the mess we're in. No, you baby boomers aren't the cause of the economic crisis in America.

You are simply the first wave of Americans who will see/feel the ugly truth. The stock market is manipulated and currency is deliberately devalued by The Federal Reserve. The public is brainwashed to think they should invest in the whole corrupt system.

Education is key to freedom. You must, in turn, educate others.