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SOVEREIGN MAN

Young people: get ready to grab your ankles

If you’re reading this and under 30, let me be absolutely clear about one indubitable point: your government is going to sacrifice your future in order to pay for its own mistakes from the past.

To give you an example, students in London came out to the streets in droves last Friday to protest the British parliament’s most recent austerity measures which tripled the cap on their university tuition to $15,000.

Sure, Britain is imposing all sorts of austerity measures on its citizens… and while I won’t get into a discussion about the absurdity of government controlled education, I will point out that students are having their benefits cut far more drastically than any other segment of the population.

Are pensioners seeing their costs triple? No. Are middle-aged workers seeing 50% tax hikes? No. Aside from the very small segment of high-income earners who will be forever robbed and pillaged of their wealth, the younger generation is next in line to receive the butt end of the crisis fallout.

Younger folks have comparatively lower incomes, benefits, job opportunities, and political clout than their seniors, yet they are increasingly expected to assume a disproportionately larger burden of the consequences of government folly.

It’s the younger generation that is called on to go fight and die in pointless wars in faraway lands; it’s the younger generation that is forced to assume the debts of their forefathers; and it’s the younger generation that gets relegated to the back rows of the political amphitheater and dismissed by the establishment.

Meanwhile, retirees aren’t seeing massive benefits cuts, and middle-aged wage earners income earners are being protected from above by politicians. In fact, let’s take a minute and look at the looming fate of the average young person today:

  1. Your government-run university tuition is going to go through the roof, saddling you with unfathomable debt before you even enter the world as an adult;
  2. Once you graduate, you’ll be the last in the hiring queue;
  3. If you do get hired, you’ll be the lowest on the totem pole and the first to be let go when tough times befall your business;
  4. Once the labor market eventually stabilizes, you’ll enter your prime earning years with some of the highest tax rates ever seen as your government continues to cannibalize your generation to pay off its largess and indebted entitlement programs that benefited older generations;
  5. For your entire working life, you’ll pay into a pension system that is going to be bankrupt by the time you’re qualified to draw on it;
  6. More than likely, you’ll never achieve the standard of living that your parents achieved;
  7. Whatever wealth your parents accumulated won’t be left to you– the bulk of it will be confiscated by the state (unless your folks were smart enough to plant multiple flags) due to a host of death taxes.

If you’re in the millennial Facebook generation, this is going to be the standard storyline of your peers. The system that’s in place right now– the failed cycle of debt and consumption fed by continuous government intervention– has stuck you with the bill.

Fortunately, there’s a silver lining (as always). Younger people are generally less anchored and more mobile than their elders, hence it’s much easier to opt out of this perverse system.

If you’re angry that your government is saddling you with the responsibility to pay off generations of bad decisions, then get out of dodge. Stop playing by the same rules of the game that used to work in the past– the old playbook of “go to school, get a good job, work your way up the ladder” simply doesn’t apply anymore.

Don’t stick around a society that has completely forsaken you and is waiting with knife and fork in hand to carve up your earnings once you finally enter the labor market… get out of dodge now, while it’s easy to do and you have little to risk.

Go explore the world and get an education based on experience, not expensive academic theory. Seek opportunities in thriving, frontier markets overseas… places like Kurdistan, Mongolia, Botswana, Kazakhstan. Soak up the local intelligence and become the grease guy on the ground who can make things happen.

Find people whose lifestyles you want to emulate and make yourself indispensable to them as an apprentice… this will be the only time in your life that you can afford to work for nothing in exchange for a valuable, first-hand education.

Most of all, stop playing by everyone else’s rules. Refuse to be enslaved by the idea that it’s your civic and moral responsibility to pay off the debts of your government’s failures. Cast off the yoke of their control… and summon the courage to live a life by your own design.

The path to prosperity in the Age of Turmoil depends on this ability to reject the old system, declare your economic independence, and carve your own path.

About the author: Simon Black is an international investor, entrepreneur, permanent traveler, free man, and founder of Sovereign Man. His free daily e-letter and crash course is about using the experiences from his life and travels to help you achieve more freedom.

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Comments on this entry are closed.

  • Nikola Tanasoski

    We are getting opted-out of quality education, increase our indebtedness- simply we are paying the dues for the irresponsible past generation that did not have the capacity to cope with efficiency of a normal society.
    But we are ready to work our buts off, to make a difference :)

  • Craig

    Simon,

    You’re a true hero to those Americans that are currently around my age (26). I’ve actually had the idea to make enough money to move away to South America even before I came across your blog. I could never allow myself to truly become a sheep to a corrupt government that is completely mortgaging my future as long as I stay in the US. The information you and your friends are providing here is absolute gold.

    Seriously….thank you

  • Pingback: UK Students Riot Due to Tripling of Tuition–economic austerity measures may lead to political crises, or worse « Dregs of the Future

  • http://www.rockstarlifestyledesin.com Greg Rollett

    Couldn’t agree more. Over the past 3-4 years I have really been looking into the insights from our generation and truly see that there are going to be difficult times ahead. The smart ones are creating their own futures through entrepreneurship, philanthropy and getting out of dodge, as you call it. We are going to hit a financial wall and now is the time for young people to do something about it.

    If not now, when?

  • http://www.chasenight.net Chase Night

    Epic post. We’re getting royally screwed over and then told we’re lazy bad citizens for opting out of college or the traditional rat race. It’s frightening how little control they want us to have over our own futures. We can’t even leave the country now without having our private bits looked over on the way out!

    • Gypsy

      Wellcome to the underground economy, do, or die! Got silver?

  • amerikanka

    I am not under 30, but faced many of the same problems when I was. I got my B.A. in 1986 and had to carve my own path because most jobs I was qualified for were already locked up by those just a few years older, the enormous Boomer generation. And with time it became clear that if I chose to be an employee and not an independent contractor, I’d be paying into a system that would not be there when I eventually needed it. Rejecting the old system isn’t easy, but realistically, there’s no other option. I’d love to read what you think about the Boomer Generation’s impact on those who follow —

    • jack_sprat2

      I’ve little enough respect for my fellow Boomers in so very many things, but the system in place was NOT our creation any more than it was the X’s or the Y’s. The first powerful Boomer was Clinton and the Senate is STILL under the effective control of the Silent Generation, or will be until next month.

      The outsized IMPACT of my generation, for that matter, can be fairly blamed on our PARENTS, who wouldn’t keep it in their pants. And who looked the other way while the people then in charge “experimented” with their children’s education until they ended up so ignorant that they allowed the current generation of total ignoramuses to come up.

      • amerikanka

        I have 43 first cousins – on Dad’s side alone, ostensibly procreating for the sake of the family manufacturing business, even if none of the female offspring were included in the plan. I had a very traditional private education, so I cannot speak about the education system. Clinton is pretty much the only Boomer I can stomach.

      • jack_sprat2

        As you received your B.A. IN 1986, you were most likely born before 1965, which would make you a Boomer. More specifically, a member of Generation Jones, as am I. (Not that too fine a hair need be split.) Our “elder brothers” threw out the baby (what were the significant remains of Christian civilization and a uniquely American identity) with the bath water (reflexive bowing to certain forms of authoritarianism, e.g.) Their moral certitude in the face of the manifest disasters spawned by their cultural ascendence does so chafe many, if not most, of us even more so than it does most Xs and Ys, not least because it’s taken much of a lifetime to learn to scream “It wasn’t US!”

        We were the kids who actually made Johnny Cash far and away the best-selling recording artist of the early seventies, maybe because he drew the clearest line between what was valuable about both what was lost and what was gained during (and, later, in consequence of) the post-war Boom.

      • amerikanka

        I’ve always considered myself to be true Generation X – as in the novel that gave rise to the term, not as it is used now, almost as a generic replacement for 30-somethings. Like the main character, I had a good degree from a great college but found myself working at a “McJob” and living with friends in a sort of alternative thrift store universe. Others insist I am part of the “Blank Generation”. I’ve never heard your term before. But as much as I do love Johnny Cash, the generational argument is one I’ve been having for years, and since I do not consider myself a Boomer, I do not feel the need to go on about it anymore.

  • http://www.facebook.com/mike.dillard Mike Dillard

    Here here Simon!

  • Chuck B.

    Simon, anther great post. The issues you describe have been happening for a long time. I’m well over 30 and have experienced most of it already. However, I do believe these problems will only be amplified for the “facebook” generation.
    Do what’s best for you and don’t be a follower conventional wisdom – it’s not 1955 anymore. Too bad I didn’t get wise to this when I was 20 something. Better late than never to get back on the right track.

  • Pingback: If you’re under 30 years old or have children, you’ve got to see this | TheTradersWire.com

  • Pingback: If you’re reading this and under 30, let me be absolutely clear about one indubitable point: your government is going to sacrifice your future in order to pay for its own mistakes from the past. « InvestmentWatch

  • http://realfilling.com/ the99th

    I saw all of this coming and officially moved to Argentina when I was 23. Now I’m actually doing pretty well in PPP terms relative to my peers at the same age.

    • http://twitter.com/MichaelPorfirio Michael Mason

      Good work.

      - MPM

  • Lorenzo Herrera

    Simon, thank you SO much for this post. I’m a young person who has searched the internet throughout many mindless days at jobs that are obviously taking me nowhere. Some times it seems as though there is no source of wisdom for a young person.
    Courtesy of ZeroHedge, I was lucky enough to find your sight only days ago and its as if this post was written specifically to me!

    I figured out a while ago that the “higher education” that I was “investing in” was not going to pay off and that in reality experience was far more valuable. Since then, I’ve spent many hours independently searching for wisdom and this site is by far one of the most exciting discoveries I’ve made.

    I search now for “people whose lifestyles you want to emulate” but that is very hard. Everyone I encounter puff the same mindless corporate strategy- college -mortgage-car-corporate pawn.

    If you could possibly point me in a direction for a mentor, I would be sincerely appreciative- well more so then I already am. Thank you sir.

    • http://justen.us Justen Robertson

      There are so many independent thinkers out there to look to for guidance. I find a lot of inspiration on TED.com personally (depending on where you start off it may feel like an old hippie circlejerk at first, but just stick with it and look for subjects that interest you). What are you interested in? What is your passion? Find the places on the web and in life that people who share those interests and passions congregate and pick the best and the brightest among them. One thing I find about people with passion is that they’ll talk at length to just about anybody who will listen with some genuine interest; when you find them you’ll know them and you’ll have no problem learning from them.

  • tossed aside for youth

    Simon, I agree with most of what you say, but I think you may be generalizing a little too much here. I am 62 yrs old, a Master’s Degree in business, 10 years with this company, and I, along with a couple of hundred co-workers over the age of 50, were laid off our positions in a small (1800 total employees) private company so our positions could be filled by 20-somethings with no experience and little education. We who were laid off lost our jobs one week and the new young things were hired the following week. Since most of us lost at least half our retirement in the stock market debacle of 2008, we are too young to be able to retire, ane it is WE, the over 50′s, that are standing at the back of the employment line. Many of us have been unemployed for nearly a year. Since unemployment benefits are paltry, most of the people I know my age are going through the rest of our savings far too quickly. Several of my friends and I have applied for dozens and dozens of jobs all over the country, with nary a reply. So, please don’t be too quick to judge the Baby Boomers. Many of us are in as dire straits as anyone else. The only difference is that we just don’t have 50 years to make up the difference.

    • http://justen.us Justen Robertson

      I’m not going to pretend to know your situation, but a lot of times when I see this complaint the real problem is the person wants a lot more for his position than it is presently worth. Market conditions change; yesterday’s high-demand job is today’s glut. You know how many kids just graduated with business degrees? You know how, frankly, completely interchangeable management is? This is a situation everyone has to deal with, and it’s not your fault, I’ll give you that, but I find it hard to shed a tear for one person who complains he lost his job to another person. Perhaps if your generation had made better choices there’d be more work to go around right now and less bloated ticks sucking us all dry.

      Again, the amount of blame you personally share in it may be negligible, and there’s some chance you’ve been screaming at the top of your lungs and trying to take action this whole time and nobody’s been listening (in which case you have my respect). In any case the blame certainly does not rest on the kids who took your job, but some portion of it likely belongs to those couple hundred co-workers. I have a hard time pitying them right now, knowing my child and I are going to spend our lives cleaning up the mess.

      • http://twitter.com/adoracle jude jeter

        As you will someday see, it is not now, nor, since at least the turn of the previous century, has it ever truly been up to US. The people are lied to, misdirected and have little if anything at all to do with what goes on in Washington; the previous generation was just as saturated with rhetoric and BS as this one is; We’ve never voted for president in our lives, I’ve met perhaps 3 people in my life who knew that before I explained the electoral system to them… we vote in local and state elections but only for reps hand chosen by the machine to suit its own purposes, not true representatives of our own.

        As time goes on, it will become clear that we the people are in fact not running this country. If we had been, things WOULD be different. But no one could see…our educations were flawed as well..its taken the current conditions for people to finally start waking up to the reality of the situation and its just too late…

        If the young think they can change things, I wish them well and hope for the best…but I already know, that it cannot be done from down here. We never truly had any choices. And unless something very drastic takes place, which includes the prosecution of those who have over and again committed treason against this nation and restitution for the money and liberties stolen… neither will you.

      • http://justen.us Justen Robertson

        Oh I’m well aware that the political process is bunk. If you have been aware of this as well, have you been planting seeds of rebellion, or simply “going along to get along”? That’s what most of your generation did. The boomers, in their younger years, were ready; they saw the flaws in the system, and while the most popular faction was utterly wrong in the solutions, there was a lot of opportunity. What happened? You were all bought off by the masters with bread and circus, you lost your way. The lesser half of you stamped out the fire in the greater and you all took your leashes and meekly submitted, hoping that someone else would solve these problems for you.

        That same mentality is reminiscent in your statement, “unless something very drastic takes place, which includes the prosecution of those who have over and over again committed treason”… Nobody is going to do that for you. If you’ve been waiting your whole life for that to happen and never been willing to stick your neck out and try to *make* it happen, you’re part of the problem. The notion that it’s someone else’s responsibility to solve your problems is what got you an obscenely corrupt criminal gang ruling over a nation of infants. Where is the backbone? If you recognize all these problems, why have you never stood up and said NO? What do you have to lose? You don’t need someone else’s permission. There are many other paths out there. Simon Black discusses on every effective one here on this blog.

        Maybe, because the intellectual leaders who eventually gave birth to the movement many people in my generation are a part of were born of yours, you had no precedent, no mental framework in which to think of alternatives. Still, I can’t help but think that you could have tried harder perhaps it would have come earlier. Perhaps if you hadn’t let the perfect be the enemy of the good, you could have overthrown the standing order and let the Murray Rothbards give you better answers later on.

      • jack_sprat2

        Aye, had Obama taken office, declared martial law, called the Marines at Eighth and I to seize the Lords of the Universe, made them draw lots, and then cast every tenth one off the roofs of Manhattan’s skyscrapers to the pavements below, then I might believe we’ve a shot.

        Instead, he immediately revealed himself to be “the same as the old boss,” property of Salomon. Lock, stock, and barrel. Just one more house…. Well, no sense in going there; it’s what we all are, more or less.

      • jack_sprat2

        Be sure and keep these proofs of your self-assurance in THAT regard. In 30 or so years time, you may find that things didn’t work out nearly so well as you’d imagine they would. Much as many of us have done.

        Intentions don’t matter for squat and most people look back through rose-colored glasses because they obscure the frame surrounding the mirror, lending an other-worldly sense to a once-familiar realm.

    • Randall Griffin

      I feel your pain about applying for jobs and not hearing back from them. I’m 28 and have a BS in Business Management and I do security…not at the top…but at the bottom. -=:0( I believe my lack of risks and timidity holds me back. I read one time, that the only thing that keeps us where we are is how we think. That determines what actions we take. I believe it’s all in our mindsets. I try to look for the best and seek out opportunity, but what it comes down to is I’m indecisive and procrastinating. I’m not lazy, just…scared. Scared of failure, of the unknown, of taking risks. My mind just won’t let me venture out of my comfort zone. Do I work? Yes. Do I work hard? Yes, but only at what I know. If I don’t know, I don’t do. -=:-(

  • Brentathome

    think this is mopre of a class issue you cant go to un iversity and fight a war a the same time
    usually young people who join the armed forces havent got the opportunity to go to university
    i think they maybe army sponsored attendees in officer class i.e a minority or they may join afterwards as a post graduate
    that though would possibly defeat a part of your argument as the education they attained has already been paid for
    do not confuse working class cannon fodder with semi or privileged young people

  • Reader11722

    Gov’t selling out the young, yet another violation of our rights. Add it to the list of gov’t violations of our right:
    They violate the 1st Amendment by placing protesters in cages, banning books like “America Deceived II” and censoring the internet.
    They violate the 2nd Amendment by confiscating guns.
    They violate the 4th and 5th Amendment by molesting airline passengers.
    They violate the entire Constitution by starting undeclared wars for foreign countries.
    Impeach Obama and sweep out the Congress, except Ron Paul.
    (Last link of Banned Book):
    http://www.iuniverse.com/Bookstore/BookDetail.aspx?BookId=SKU-000190526

  • Mr. Blue

    I’m under 30 and had no problem easily making 100k+ and i’m only 10 years out of high school.

    The only control they have over our futures is the control WE GIVE THEM. Unfortunately our generation was taught that the only way to ensure prosperity is to move forward, press ahead. Unfortunately these ‘progressive’ ideals landed us nowhere except stuck with the bill for our parent’s mistakes. It seems they didn’t know what they were doing after all ;) we were right all along.

    Sometimes, the simplest answer is the right one. Sometimes sticking to principals is the right move, sometimes doing the status quo isn’t a bad idea and maybe, just maybe this world was DESIGNED to have BOTH winners and losers.

    • http://justen.us Justen Robertson

      I disagree with that last bit. Your success is measured, not by the success of other people, but against the standard of yourself in the past. If you’re doing better now than you were a year ago, that’s success. Not everyone can be a brilliant entrepreneur or an astronaut or a mutual fund manager, but the people who are not aren’t necessarily losers. The guy who starts dirt poor and works his ass off to build a small business doing something he loves is definitely a winner. The hippie who goes off into the woods and lives a self-sufficient life off the grid because that’s what he wants for himself is definitely a winner. The philosopher who maintains purity of principle because that is his highest value, even when it means passing up a chance at other kinds of personal gain, he is a winner, and all of them as much as that entrepreneur or astronaut. That is because value is fundamentally subjective, and what matters is building value in life.

      The losers are the people who throw away opportunity and get themselves further and further entrenched into a situation that they loathe, wallowing in futile envy of people who had the courage and conviction to do something valuable with their lives; whether that situation is a bad job, a mountain of debt or a heroin addiction is immaterial. They’ve sacrificed their own values for security, comfort, and escape. There are a whole lot of losers out there in the world, mostly sitting in cubicles or wearing shirts with their names on the pocket, but the world isn’t “designed” to produce them, nor is it necessary that they be losers.

    • jack_sprat2

      Just because we were wrong, don’t assume that you’ll be right. Every generation assumes that it knows better than do its parents. So far, they’ve all been right. So will the next one.

      Problem is, they’ve also all been wrong. It takes longer to figure that out about your own.

  • bilal

    A call to action for those awake in our generation

  • don king

    Are you talking about the UK or America? I got confused because it is pretty much the same story on both sides of the pond now. I guess many of the earlier generations forgot what the struggle was like etching out your niche in the world and decided to dump more of their excesses and waste on us.

  • MasterSamNaples

    A student in the US attending Ohio State University can easily pay between $15,000 and $20,000 per year to attend. So they graduate with a $60,000 – $80,000 bill. I’m sure Harvard and Yale are quite a bit more. It’s like Maggy said “The problem with Socialism is that eventually you run out of someone elses money to spend.”

  • Scarbender307

    BS Spewing all over the place. You think you pussies got it bad? EVERY generation has its challenges. Try being an unemployable 67 y/o Viet Vet. Now lets chug on over to Namby Pamby land girls and look at our options, shall we. Study a book called Becoming Your Own Banker, by R. Nelson Nash.. It’s the use of Whole Life Insurance to distance yourself from the system, ie, taxes, social security, traditional lending, and building a legacy for yourself and family. It’s real and proven.

  • Lukasz

    Rubbish! This younger generation is more stupid with every coming year! All they expect is to make everything ready for them. We live in the best time to develop, you have all resources to do it. I’m 24 this year I finished my University education in England. I have no debt, during whole my study I was working (so I have experience as well), instead of drinking like every second day for money that I have borrowed from bank for my “education”. The problem is people are lazy.. pay for my education, give me benefits, find me a good job, buy me a house… if not I will go on the street and piss on Whinston Chrichill statue in London… and you know what? Most of them don’t even have a clue who was he!(thats so sad, I’m Polish I know my history I’m proud of it! England has so much to be proud as well and these young people are not even aware of it! that’s so sad) And about fighting abroad… have you got a duty to join army? I dont think so… Thank you God for my life :) Peace!

    • http://justen.us Justen Robertson

      If they are stupid, who has robbed them of the tools they needed to exercise their minds? If they’re lazy, who has failed to teach them the value of effort (or, indeed, positively discouraged any notion of self-reliance)? If they’re ignorant, who has hidden knowledge away from them? Who has had them their entire lives, cloistered away in dank little rooms, tearing away their curiosity, their intellect, their confidence, their character and filling the void with authority, obedience, consumption, and complacency? Who has stolen the children and replaced them with these mindless animals, and how can you put a stop to it?

      • Lukasz

        I did it, it is my fault, obviously not their! We took all opportunities out of them. We should show them everything… again we should put all these opportunities in their hands, we should make it as easy as possible to make their life even better and whenever something goes wrong, they can blame us for this sad future we prepared for them. There are NOT mindless animals! All of us has free will, our life is our choice. Put stop? For what? Because of people like that you have much bigger value on job market, you can get a better position and supplay more for your own family.

    • jack_sprat2

      Thank you, sir. The only people who should incur substantial debt (their own or some collective’s) to obtain schooling are those who intend to secure VALUABLE knowledge that will enable them to service their debt. That means MATH, in today’s world. Pretty much everything else is a luxury that one should d*** well understand to be such.

      Just because the children of the idle rich can afford to indulge their other selves doesn’t mean that the rest of us have any business living their lives on the dodge.

  • Raun

    And it will only get worse.

    When the baby boomers retire, the shit’s gonna hit the fan. A minority of young, less educated, less affluent workers will be down in the trenches paying for the majority, their elders.

    But the tone of this article is somewhat ageist. I don’t think the baby boomers planned to leave this crock of crap for their children, and to hint that they could have seen it coming (for the most part) is laughable.

    I’m young, and soon to leave University and join the workforce, and can see the reality of mass youth unemployment and a real (and utterly terrifying) lack of social mobility. But it’s going to be a less appealing future for EVERYONE, not just the youth. Though, like you, I’m from New Zealand and I suspect that we’ll be in a VASTLY superior place than the USA, a country which is entirely geared towards making short term profit at the expense of a secure future. Much of my family resides in the USA, having moved their after WWII to take advantage of the opportunity that existed in those days, but I don’t expect they’ll stay there forever…

    • Guest

      Its not a less appealing future for EVERYONE, as you say. The old people here have TONS of money saved because they have had secure jobs their ENTIRE lives, and on top of that the government has social security, medicare, and medicaid for them as well.

      Meanwhile, unemployment for people under 30 here is around 20%! And on top of that we’re not going to have good jobs like older people here did because the jobs don’t exist anymore really. We’re not going to get government benefits because the old people demanded more, more, and more to an impossible amount!

      Politicians have been telling old people here that social security, medicare, and medicaid are BANKRUPT for DECADES, and did any of those old people actually care?

      NO!

      Because they assumed the government could just spend into debt, print more money, and tax more (on us young people) to finance their lucrative benefits!

      So yes, when some politicians, even if only for campaign rhetoric and not out of honesty, have been saying this stuff could not last and was already failing for DECADES, LOTS of older people did know this was coming, and didn’t care they were screwing us.

      Do you really honestly believe everything is fine and how it should be when you have 26-28 year olds graduating with doctorate degrees in law, $100,000 of school debt, but barely even being able to find an entry level job paying $9 an hour?!?!?! And then they get screwed out of promotions because they have so much more education than their bosses?!?!?!

      The past decades have been a gigantic, fraudulent scheme, and everyone is being burned now. Luckily the old people will die before all of their retirement money is stolen from them, so they won’t feel the pain as badly as people my age, and they won’t see people under 30 starving and rioting in the streets either.

      Although they should see it, day in and day out for what they have done to my generation.

      Go study some economics and learn something. Did you know a family earning 40,000 a year back in the 70′s, adjusted for inflation, would be making 100,000 dollars a year today?

      We have got to wake up, and we have got to wake up FAST.

      • bigdaddy

        Sorry, Dude, but 99% of your diatribe is just plain ignorant! You not only haven’t lived long enough to know history, you also obviously haven’t read any original “historical” primary documents of the 50′s, 60′s, or 70′s, or interviewed anyone who lived through those decades. Get off your butt and work your way through your own mess like we all have to, and stop acting like a spoiled entitled child!

      • jack_sprat2

        Search for the logical disconnect in your message. Hint: There were ALREADY more than a million lawyers (by training) in this country. Why would any sane person imagine that there would be a demand for more indifferent graduates of mediocre law schools? If you are smart enough to be a lawyer, then you are smart enough to be a statistical analyst, a structural engineer, or maybe even a chemist. Pity that you took the easy, presumably higher status path. Seems that you were every bit as blind as you find US to have been. Surely, then, you are every bit as GUILTY.

      • jack_sprat2

        We don’t need to study those years, sonny, we lived them, raised our ungrateful children through them, watched as Ross Perot’s “Giant sucking sound” proved prescient. WE suffered through oil shocks, stagflation, “free trade”, and several asset bubbles bursting. And raised you, more or less. (Pity about your folks; most of my nieces and nephews fared better. One cannot choose one’s parents, more’s the pity. Hope your problem’s not genetic.)

    • http://twitter.com/adoracle jude jeter

      thank you for your note re: ageism, you have a very valid point. The fact is though that you won’t be paying for your elders, they paid in for themselves. Its the government you will be paying for. They are using the Boomers as human shields to deflect their own responsibility for the condition this nation is in.
      I’m on a slight rant, but its not directed at you personally Raun…
      Truth is that If that gigantic amount of money paid in by boomers had been taken care of and invested properly from the start,we wouldn’t be having this conversation. The boomers paid for those ahead of them and more thatn enough to take care of themselves, had the money in trust been in the hands of the trustworthy. The money was squandered, that is not the fault of the boomers, but of a corrupt government. Clinton’s “surplus” was all about the money the boomers paid in…and now its all gone. where? Not spent on the boomers or even those before them, but in the pockets of the thieves funneling off our wealth for 100+ years.

      Many of the commentators here need to get a new whipping board. Its not the fault of those who worked and paid in all their lives any more than it is the fault of our young.

  • Ken8880

    What a bunch of crybabys. Get off your dead asses & go to work. For yourself. be your own boss. What a bunch of losers POOR ME I”M A VICTEM. You should be ashamed of yourselves. you were doomed for failure from the start because you thought that the world owed you a living. SURPRISE !!! DUMMYS!!!

    • Tom Sullivan

      Many of those you are pompously lecturing will be asking themselves “Where is this work?”. There is none. It has all been shipped out of the western economies to sweatshops in Asia. If they try to start their own businesses, they’ll fall foul of regulations put in place by governments at the behest of big corporations, to keep other players out of their game.
      By the way, before you have the temerity to call others “dummys”, learn how to spell and punctuate properly.

    • UJELLY

      U MAD BRO?

      CTFO, Seriously. I can only assume that the “crybabys” and “DUMMYS!!!” you are referring to are young people as described in this article.

      First of all, lrn2engrish before you attempt to insult/chastise people. A capital letter is used after a period, question mark or exclamation point. “I’m” uses an apostrophe, not quotation marks. Also, it’s spelled “victim”, schmuck.

      I’m 26 and I never thought the world owed me anything. I’ve worked hard for everything I have. This article talks about the fact that the government ran up a huge bill it can’t pay and myself and my peers are going to have to pay it. That sounds more like the world thinking I owe it something.

      Go an hero, fucktard.

    • brunssd

      You should seek remedial spelling and grammar instruction, immediately.

  • http://www.facebook.com/profile.php?id=79301216 Joel Dyar

    This is pretty shoddy analysis and your robust defense of the right of the super wealthy to ignore their duties to the country in a time of crisis (for which the fault ball is in THEIR court, delirious banks and financiers, not working class Americans or our government) deserves some second thought.

    • guest2

      “the right of the super wealthy to ignore their duties to the country”

      Umm, what? They have no such duty to help me. The problem is that they haven’t gotten “super wealthy” by honest hard work but through the assistance of the state – which has f’ed the poor to help the rich get there, and now f’s the poor to keep the rich there.

      In every free market transaction, both people benefit, and neither leaves the transaction with any further duty to the other. If you can satisfy millions of people and make millions of dollars – by all means keep it. Just don’t go to Uncle Sam and ask him for handouts, then get mad when Uncle Sam calls in the favor.

      • jack_sprat2

        They socialized the sources of their selfish prosperity. Thus, that prosperity should be socialized more broadly. Making thieves disgorge their booty is simple justice.

  • Mudlark2099

    How about a parable. In the USA there was a farm with 10 workers and they subsisted on their production and lived simply, but adequetly and the owner of the farm did not work at all but collected most of the profit. In Europe there was another farm just like this one.

    One day the tractor was invented and there was only work for one person.

    In the USA farm one of the workers was hired to drive the tractor and his pay was kept the same as it was when he used hand tools. The other 9 workers were fired and eventually starved to death (but not before voting in favor of keeping the status quo). The farm became so productive that most crops were left to rot as only the tractor driver and the farm’s owner were buying the food.

    Meanwhile in Europe, the farm was [nationalized] was co-owned by the original owner and all 10 workers equally. All workers remained at the same rate of pay, and the time for driving the tractor was split equally among the 10 workers. The owner lost a substantial amount of wealth and power, the workers pay remained static, but only worked 1/10th as hard as they used to. The farms profits went to, um I dunno, healthcare, education, highspeed rail etc (social wealth.)

    I know its a terribly simple parable but most Americans can’t fathom the concept it presents.

    • Guest

      You can always go work on a farm in communist China. I hear the whole nationalization thing works out great for people over there. I mean it worked great for so many countries that have done that all throughout history, and when the U.S. came about and tried letting people actually own things and keep the what they produced, giving them a reason to work, it totally failed miserably. People starved to death, and it didn’t create massive technological leaps or raise the standard of living 1000 times more than in all of human history before or anything like that.

      We should hire Marx, Stalin, Chavez, Mao, or Lenin to come help us nationalize. Or we could even support a new National Socialist Party too- and pick Hitler to organize our nationlization!

      Are you completely oblivious to history and economics?

      • Tom Sullivan

        In China the state owns the corporations. In the Western World, the corporations own the state. Where’s the real difference for the average person? Truth is, there isn’t one.

      • jack_sprat2

        Which is why they get along with one another so famously, when they gather for their Davos symposia and G-however-so-many meetings. Oh, small details like the proper way to carve flank of peasant sometimes disturb the comity, but full bellies usually end with post-prandials all around.

      • Anonymous

        C’mon people — enough with the capitalism vs. socialism bluster. That’s a false dichotomy and a waste of time. The real difference is what the owner or commisar did — each can do good or not. Yes, you can have fair and productive capitalism if owners are ethical and invested in the long term. It’s not the system — it’s the people. We are our own worst enemy.

    • The Streets~!!!

      Wrong!!! in the USA, the other 9 workers got other jobs and made the economy more productive!!! GG!!! game over! capitalism wins again!

      • Tom Sullivan

        Your reply is particularly strange given the current state of the US economy. Where did they get these other jobs, when their government has made it economically attractive to traduce their population and ship their jobs to sweatshops overseas? Capitalism with government intervention is fascism, and fascism of one shade or another is all the Western World has ever seen.

    • Ergun_equations

      Nice fantasy, but what really happened is:
      American farmer’s 3 smartest guys heard about a new factory that builds tractors, and got jobs there paying 3X what farm work paid.
      The next three took turns driving the tractor, and were so much more productive that they demanded a 2X salary increase or they would drive another tractor somewhere else.
      The next three saw opportunity in the increased incomes of their neighbors and started entrepreneurial ventures in town to provide goods and services to the others, one eventually earning as much as the original farm owner.
      And the last guy wallowed in self pity, because he could not do the exact same job forever, until he found a poor wretched farmer who could not afford a tractor, and worked for him for 0.5X what he used to earn. Sad, but this is America, so his kids are likely to learn from his example and try something better.
      Then Europe, for some reason still not understood by you, went on a campaign of murder – hundreds of millions of victims – but you want to keep doing the same thing and hope for different results.

    • Branchman67

      Too bad that never happens in practice. What REALLY happens is that the workers on the nationalized farm don’t work as hard as they can. Why bother? You’re not going to see any additional profits the farm reaps. Sure, you’ll talk about ‘high speed rail’ and ‘healthcare’, but those aren’t direct, tangible benefits like a bigger paycheck. Also, let’s say one worker is twice as skilled as the rest. He works twice as hard, produces twice as much, but sees the same benefits as the other nine workers. Eventually, he figures out, no matter how hard he works, he’s not going to get ahead, he’s only going to benefit as much as the guy next to him. So he stops working so hard and productivity is lost. Suddenly, all these profits from the farm dry up, because the workers see no personal incentive to maximize their productivity, just so they can pay for other people to have high-speed rail and free education (remember, they work on a farm so college and trains aren’t terribly useful to their personal life). Thus socialism fails, because it crushes the individual human spirit. Of course, you don’t have to take MY word for it, just read any history book, or study any country that implements wide-scale socialism. There’s a reason China is moving towards a more capitalistic approach.

      Also worth noting, if your method is so wonderful, why is it that the government that always accompanies its implementation is always so brutal and repressive? Couldn’t be because people hate the system and need to be kept down to keep it in place, could it?

      • Coopmobile

        thank you for your rational, logical point of view. it is refreshing to hear some intelligent conversation.

    • markh

      Oh my gosh. You truly believe this drivel Mudlark2099?! Then you need to stick around, get a job “teaching” in uh-Merica’s failed (liberal) university systems, to the failed “students” that buy your socialist pabulum, and you all can spend your old age wondering what happened to your socialist utopia. The really bright students will get out of dodge, and probably be living very well in one of the BRIC countries, or in others that understood and emulated their embrace of free-market capitalism. Best of luck with that failed model of socialism there.

    • http://twitter.com/sweed84 Sweed

      Hi there, Mudlark.

      The concept your parable represents is commonly referred to as Luddism. Most Americans cannot fathom the concept not because it’s too complicated to grasp, but because history in America has become more of a hobby horse for academic wonks than a serious field of inquiry.

      To understand the flaw in your logic, you merely need to go back further in history, technologically, than the tractor. One of the most obvious antecedents I can see is the heavy plow in medieval Europe. Would medieval Europe had been better off if the heavy plow were never invented? Food was scarce, land seemed non-arable relative to their understanding of agriculture, and the vast amount of Europe did not seem to support human life. The invention of the heavy plow, a technology disseminated by unnamed, innovative yeomen, the true heroes of the middle ages, paved the way for the blossoming of life and culture enjoyed in the high middle ages, and the eventual rise of the charter towns and principalities that would foster the Renaissance.

      Prior to the invention of a particular piece of technology, the per worker, per square mile yield of a plot of land is lower than it could be with that technology. When the technology is applied to the situation, it frees up labor, capital, and land for the next logical goal. If you can already accomplish with one person what was once only possible with ten people, that means you have nine people worth of productivity to apply to tackling other problems or to creating comfort where once you worried about mere sustenance. Extra food does not rot on a vine in a market uninhibited by trade tariffs and petty warlordism… if anything, there’s not *enough* food in the world today to feed the current population. The problem is that the world’s food supplies stay locked in localities because of cruel sanctions or are squandered by Mugabe-like dictators interested in turning fungible goods into military and political might. In sum, parceling out land, labor and goods (by the coercive force of government) is not the solution, it’s the current problem.

      For a brief and enlightening primer on the topic, I recommend Henry Hazlitt’s “Economics in One Lesson”. Or, if you have a certain affinity for European thought (as you seem to), and don’t mind a bit of antiquated language, you might try the essay from which Hazlitt owes his piece, the French philosopher, Frederic Bastiat’s “What is Seen and What is Not Seen”.

      Have a good one, and best of luck.

    • http://www.facebook.com/people/Elietia-Mackey/24002188 Elietia Mackey

      only the rich guys can’t stand that concept. The rest of us would think it was a pretty good deal (minus the tea party nut jobs)

      • peter allen

        hi dumbell, the tea party are people that are trying to get rid of big gov’t and crooked politicians, good luck to them!

    • Vvoip

      In Europe, all ten argued about divvying up the farm jobs. In America, the 9 not on the farm chose not to starve. Instead they went on to invent the railroad, the car, the computer, the Internet, and MP3s. They grew their economy to the point where they forgot how their prosperity came about. So they longed to go back to the farm commune where all were said to live happily ever after eating corn and potatoes.

      • pete

        geez, in the US they even invented that they invented everything….thats the greatest invention of all ;o)

      • jack_sprat2

        Hasn’t always been this way. Not long ago, we routinely made fun of the Soviet Russian fancy for doing this very thing.

      • jack_sprat2

        The railroad was invented in Britain, the car in Germany, and the other three were courtesy of (mostly) US GOVERNMENT research and development. Bought and paid for by the collective. Just as all of those nice, new drugs were pretty much all invented by government scientists. (Patent law in America is largely become a racket, captive asset of those who can afford to litigate and corrupt lawmakers and regulators.)

    • http://www.conservativefiction.com/blog/author-pages/ Jamie Wilson

      Your assumption is that goods and services can neither be created nor destroyed, Mudlark. It is fallacious. Try this more accurate ending, as it is EXACTLY why America became the breadbasket of the world:

      In the USA, one of the workers was hired to drive the tractor at the same pay rate, and the others were fired and turned out. The other nine workers looked at one another and shrugged. Because they were all in the same position, they decided to build a house together on a nearby piece of land. One also built a cart. He worked out a deal with the first farm’s owner to take his produce to market and sell it.

      A second worker bought a tractor on credit and started his own farm. He sold produce to the new merchant at a cheaper price than the farmer, creating market competition. The first farmer was forced to lower his prices, so to rebuild his profit margin hired the third worker to run a second tractor on his farm, doubling his output.

      The fourth worker discovered a skill for building things. He sold his services to the first three workers and the tractor driver to build them houses. He also found handyman jobs with the first farm’s owner.

      The fifth worker made clothes and sold them to the other workers, freeing their time for more profitable pursuits.

      The sixth worker discovered oil in a swamp nearby and hired the seventh worker to help him collect, refine, and sell it.

      The eighth worker started raising cattle, feeding them with the surplus and rejected produce from the two farms.

      The ninth worker wouldn’t work. He incessantly complained to the other workers about how much he liked the old way, when they all did the same thing and got the same wages. For a while, the other workers put up with him, even feeding and clothing and sheltering him out of pity.

      Then they got tired of it and kicked his lazy, whiny butt out. I don’t know where he went. Maybe to learn how to fish?

      —-

      Meanwhile, in Europe the nationalized farm was co-owned by the original owner and all ten workers. The farm did NOT profit, as it was producing no more than it had before. They lived in squalor, in houses that were the same but a bit more run-down every year. Nothing ever changed, and no one created anything new or invented anything. The dynamic economy created by the tractor on the American farm eventually outproduced and overwhelmed them.

      MORAL: Most Americans are not stupid.

      • http://justen.us Justen Robertson

        That’s a good proverb. :)

    • 700renegade

      Mudlark – you are denser than a black hole. About the only thing true in your analogy is the fact that the government workers work 1/10th as hard as private workers.

  • Bandito2007

    So I’m 22 and I graduate from the University of Michigan (debt-free thankfully) in three days. What should I do?

    • HB

      Leave Michigan! Move to a jurisdiction with no income tax, or out of the country (if possible). Find the best job you can, and make the most of it. Hard work, a good attitude and perseverance are usually rewarded.

    • superlover

      Go explore the world and get an education based on experience, not expensive academic theory. Seek opportunities in thriving, frontier markets overseas… places like Kurdistan, Mongolia, Botswana, Kazakhstan. Soak up the local intelligence and become the grease guy on the ground who can make things happen.

      Find people whose lifestyles you want to emulate and make yourself indispensable to them as an apprentice… this will be the only time in your life that you can afford to work for nothing in exchange for a valuable, first-hand education.

      Most of all, stop playing by everyone else’s rules. Refuse to be enslaved by the idea that it’s your civic and moral responsibility to pay off the debts of your government’s failures. Cast off the yoke of their control… and summon the courage to live a life by your own design.

      • Bandito2007

        One of my life goals is to pull a Jim Rogers and motorcycle with a lovely girl around the world.

    • Pshuey

      Make sure you can earn your living from anywhere in the world. Focus on emerging market demand opportunities. Don’t buy a house or buy an expensive car. Live below your means. Pick a place you want to live and then figure out how to make the money.

      • Bob

        “dont buy a house…” is quite possibly the worst information ive ever heard. A house is the best finacial decision you can ever make in your life time. Just make sure you can afford it.

      • Lillyg701

        Well, you shouldn’t buy a house right out of college, especially if you are already in debt with student loans. Better to wait and see where your job is going to take you before you get nailed down to a mortgage. I don’t believe in doing all this “starter home” stuff. If I am going to spend 20-30 years paying off a mortgage to own a house, I am damn well going to live there for the rest of my life.

        My family is fiscally responsible, we live below our means, have no student loans, two completely paid for vehicles, and can’t get a house loan because we aren’t in debt. That’s what being responsible gets you in the USA these days. No credit cards (with debt) = no credit to get a loan.

      • MonitizedDebt

        CREDIT=DEBT. I dont want debt therefore I dont need/want credit. Buy Silver, develop some capital and invest in more capital. NO DEBT!!

      • http://pulse.yahoo.com/_CUWUSXRYXBT6MZXGBGHTCKWWUY LEO

        “A house is the best finacial decision” is quite possibly the worst information ive ever heard especially now in US. The real estate market will continue to fall for decades on. At least in terms of silver though it quite may grow in fiat dollar terms.
        Better rent cheap and buy silver.

      • Bandito2007

        That’s what I’ve been doing. Housing prices still have 10-15% more to drop to reach historial averages, and in bear markets, prices usually overshoot (downwards) historical averages. I sold my US Government Savings Bonds in late 2008/early 2009 and put it all in emerging markets and gold/silver.

      • MonitizedDebt

        “A house is the best finacial decision you can ever make in your life time. Just make sure you can afford it.”

        Ha!! this comment is about a decade and a half old and bad information. Rent and don’t lose your life working for a house that will lose vaule. Buy Silver not real estate.

    • http://profiles.yahoo.com/u/SGJIZZ7Q65T4BAOW3S5NYP27MY Political Atheist

      Stay flexible.

      • Drclfitzsimmons

        LMAO!

    • H.F. Wolff

      I hope that your degree is in one of the hard sciences, otherwise you will have wasted much time and money.

      Without such a degree you would be much better off serving an apprenticeship as a plumber, electrician, gas fitter, or airconditioning technician.

      A degree in gender, religious, women’s, studies, or anything relates to this stuff won’t cut it.

      • Bandito2007

        It’s in economics, and I don’t know where that falls on your spectrum. But I would have to say I learned more about economics from the likes of Dr. Marc Faber, Jim Rogers, and Peter Schiff than any prof I had.

      • jack_sprat2

        There’s a market for economists who can hack math. Otherwise, I hope that you’re either well-connected or very telegenic and/or personable.

    • grownup

      What do you WANT to do? Whatever it is, find a way to do it, don’t just stand around like a monkey with his hand out expecting someone else to deliver your dream on a silver platter.

    • I’m just saying

      Money is the ONLY thing that matters in life. That’s it. Family is for sissies, Jesus is for people who need a crutch. Setting your sights on anything other than money will leave you feeling empty. Lots of money is the only thing that will ever make you truly happy.

      If you went to college in America, you probably already know this stuff.

      Here’s how it works: If you think about eternity, it will get you focused on things other than money and you can’t allow that to happen. After all, if you don’t have money, how will you get more stuff you don’t need to impress people you don’t even like? You’ve get 100 years on this planet tops… so make it count and make them dolla dolla bills! Nothing else matters. This is why you were created: to make money for yourself.

      If you fall in love and start a family, your spouse and children become leeches that take your money. Forget the fact that you can love someone passionately and share life with them, forget the idea that you can develop your family to change the world, and that you can leave a legacy through your children- that kind of thinking will leave you making an average amount of money throughout your lifetime- this would make you a complete failure. And think about the pressure of having someone other than yourself to think of! You don’t need that on you- you’ve got money to make baby!

      Don’t ever give your money to anyone. Those lazy quitters are so ungrateful and you’ll never see that money again- it’s a very scary thought I know.

      The amount of money you accumulate IS your identity.

      Don’t ever read the Bible. Don’t ever go to church. Don’t ever let one of those “Christians” talk to you about getting “saved” or “born again”. Your money will save you (if you make enough of it). “How much is enough?” you may ask, MORE is enough.

      Wow, you’re so lucky. I wish someone had told me all this stuff when I was 22 (4 years ago). Let me share with you my “mistakes”:
      I could have avoided marrying that beautiful girl (who’s currently pregnant) sitting on my bed right now watching a Christmas movie with my 2 year old son. Instead, I work while she stays home all day. If I had more money, we could pay someone else to raise our kids all day while we both worked to make more money so we could pay for the counseling our kids will need in a few years because they don’t know their parents. Man… that’s the good life!

      Instead of everything I could have had, I dropped out of college after one semester because I knew it wasn’t the will of God for my life. I ended up marrying my dream girl, and doing a job that truly makes me come alive. We had our fist child after being married for a year. We’re crazy in love with each other, and together, we’re raising our son (and our other son on the way) to love God, love people, and to change the world. I’m in love with Jesus Christ. He’s not a historical figure, He’s not a cliche, He’s my best friend. 10-15% of my income each year goes to my church. Our brand new home (that we just built) on our 3 acres is our only debt. God’s goodness and mercy are richly apparent in our lives because of our love for Him. I’m the happiest man in the world…

      But to think… I could have been successful!

      If you don’t have more money, you are a failure. Don’t stop chasing money until you have more money. This is the high-calling of human existence.

      —end of sarcasm—
      Yes, I believe in having money (even lots of it)… but I don’t think money should have you. This rant was not directed at anyone and I was only attempting to balance the scales of our thinking a little. Money is just a tool- not a reason for waking up each morning.

    • HermonMunster

      Go Blue! UofM Mechnical Engineering 03. You are going to have to hustle hard to find a job. Save your money and always be on the look out for opportunities. Be willing to move. My wife and I have been married for about 4 years and we’ve lived in the 4 different states. I’m sure that if I didn’t move I would be unemployed right now. You have to look at things from a historical perspective. Back in the day people followed their food source. If the buffalo took off you had better follow them. Same holds true today. Explore opportunities aboard.
      Good luck

      • Bandito2007

        I’d like to live in Hong Kong or Singapore ideally, working with investments. But I don’t know how to do it since I am not a Chinese citizen, nor at present do I speak Cantonese or Mandarin.

      • Enfant terrible

        You would do exceedingly at either of those places with English. They are both financial centers.

  • nigeles175d

    In this article youth is an analogy for men and boys, and elders is an analogy for women and girls. All assisted by the men with power of state using women as bait and people in general as useful idiots. Give votes to incompetents, and one receives an evil government.

  • http://thepriceofeverything.typepad.com Tim

    I don’t have a problem with much of this commentary, but on the narrow topic of tuition fees, particularly in the UK: courtesy of an entrenched welfare state, students believe they have a right to “free” degrees. This is absurd. A good degree has an explicit material value and it’s only fair that a student should pay something toward that. It’s admittedly doubly unfortunate that current students are entering university / the job market during a horrible fiscal crisis not of their own making. But the sooner the welfare state and its inherent inflationism and moral bankruptcy is rolled back, the better. Here in the UK, we badly lack a Ron Paul to get this message across.

    • GaConfed

      Well, we actually have Ron Paul here in the US, and the rubes still blindly follow the NWO’s lead by branding him and people like him as being insane kooks. This general attitude is pushing my family and I, with much sadness btw, toward expatriation. From what I gather, if you had a Ron Paul in the UK, he would be met with the same, or probably even more scorn and denial.

    • GG

      “Here in the UK, we badly lack a Ron Paul to get this message across.”
      Um, his name is Nigel Farage

  • vman

    Great article Simon. I would like to add that while this is especially true for young people it does apply to others as well. At 56 I started the journey. Learning another language and alternative way to make a living hasn’t been easy but I wouldn’t return to the old way for anything. One must be willing to meet the challenges that life presents at all times.

  • tpsreports

    I don’t mind paying Social Security for the WWII generation – they suffered plenty. The baby boomers on the other hand….

    • joe

      The fact of the matter is that you should be paying for YOUR social security not anyone elses. I’m a baby boomer and I’ve been paying into MY social security for 45 years. Don’t you get it? The government gets it all……..

      • http://www.jonesfamily.us/ Ron Jones

        If you’ve been paying into YOUR social security for 45 years, who the hell was paying into the “social security account” of Ida May Fuller’s generation?

        FDR was nothing if not Bernie Madoff writ large.

  • Nate

    Great article. At 33, I feel some of these things apply to me, too, especially #3.

    It’s been hard to find and keep a job during the past few years. It seems like I am frequently one of the last people hired and the first to on the chopping block when the company decides to do layoffs. I’m currently contracting. My plan is to create my own job through entrepreneurship, as I know I cannot rely on employers for stability. I believe that many in this millennial generation will forced to do the same.

  • Guest

    Oh boo friggin hoo. I’m 28 years old. I dropped out of college 10 years ago and went to work. If it hadn’t been for the 30k debt I incurred in one year of school, trying to be what other people were telling me I had to be, I’d be in an even better financial position than I am now. And people STILL push me to go to college…why, so I can spend tens of thousands of dollars on a useless “education” all to earn a piece of paper that entitles me to move down to the bottom rung of the ladder and make less than I do now? What kind of sense does that make? My current work experience is worth more than a BA in Drinking Studies.

    The problem with my generation is the bozos who think they have to drive Audis and Cadillacs at 25, that they have to go to the club every weekend and buy a new outfit every time, that if they aren’t going to make 6 figures a year they’re just not going to do anything at all. And forget strongback work, “that’s for Mexicans.” All drawn from experience, uttered from the mouths and proven by the actions of people I know personally.

    You wouldn’t believe the money that I’ve seen flushed straight down the toilet on GARBAGE. New cell phones every 6 months. $3,000 worth of shoes in the closet and $5,000 stereos in cars that cost $600/month but oh will someone pay for my healthcare? That’s my right as an American citizen….

    And the blame lies with the baby boomer generation that raised us up to be such lazy and greedy bums. They wrote the book on it, after all. If my generation had any brains at all they’d stop paying their taxes and make the oldsters sink or swim in the nightmare they built. Go to work for yourself and hide your income as best you can. Turn your toilet paper fiat dollars into money you can put between your teeth and create your own savings account in a safe in your basement.

    The only premise in this article with which I agree is my generation must stop trying to work within this broken system. But the premise that we should kick the dust of the USA off of our shoes and make tracks for Botswana or Muslim areas like Kurdistan (there’s a war on there, in case you didn’t know) is a ridiculous idea rooted in years of multiculturalist brainwashing. Ask the European farmers in South Africa and Zimbabwe what happens to whites who dare to make a buck in Africa. You have no rights in these places. “Rights” and especially “minority rights” are European concepts that are anathema to much of the rest of the world.

    You only have the rights for which you are willing to fight. That’s true universally. You’re much better off rolling up your sleeves and fighting for them here.

    • http://twitter.com/adoracle jude jeter

      we oldster[ish]s would be THRILLED to take back all the money sucked out of our paychecks for 30+ years to pay for SS and do as we please with it so that system can go ahead and collapse. but we had zero choice in the matter.It was TAKEN not given… Nobody is or will be supporting us, That is our money in there and with the interest it would have collected anywhere else, it is more than enough to keep us above water and comfortable. We are and always have supported our selves and a lot of us, our kids up in to their 30s when necessary and their kids behind them to some degree or another. I resent the daylights out of anyone suggesting that a couple who both worked over thirty years ever needed anyone’s charity or ever will. Apparently although you sound like you missed out on lazy and greedy, you sure got plenty of arrogance and disrespect from your upbringing. brat.

    • Jdh56

      You are retarded I stopped reading after 3) because you are obviously 10 years old. The only places that can terminate someone with more seniority both legally, and without losing a large investment in that individual are ones like Wendy’s. Work experience is 100 times more valuable than just the education. In my case (engineering) the education was nothing more than an aptitude test, but you’ll figure all this out in 6 years when you are old enough to work.

      • smart cookie

        One big error in your response: “The only places that can terminate someone with more seniority both legally and without losing a large investment in that individual are ones like Wendy’s.” Job termination depends on each state’s employment laws. In ‘right to work’ states, like Texas where I live, any employer can legally terminate any employee for any reason, or no reason at all. Do the research before you sound off.

  • Hmmsk

    I clicked on this article off a facebook link, and thought it would be funny to read, and it was, so here is what is wrong with some of your arguments:

    1) Your government-run university tuition is going to go through the roof, saddling you with unfathomable debt before you even enter the world as an adult;
    - when i clicked the article, it said “american youths etc” so i’ll write from that perspective. and all that i have to add to this is that non-government run institutions in the states are already super expensive, but the debt you accumulate will by payed off by the education you receive.
    2) Once you graduate, you’ll be the last in the hiring queue;
    - not true. i don’t know if you have any experience with this, but myself being a college student myself, i know people applying to jobs right now, and competing directly with people that were laid off earlier. well, they get jobs too, so you are not always last in the hiring que, but it really depends on your talent to make you stand out.
    3) If you do get hired, you’ll be the lowest on the totem pole and the first to be let go when tough times befall your business;
    - this is definitely false. the most false in all your arguments. entry level workers get a lower wage than workers who have been in the company for a while, you must agree with this. and thus when lay off time comes, companies have more of an incentive to lay off higher paying workers that can easily be substituted by the entry level workers, which don’t have the same amount of expertise, but this does not matter as they can swiftly learn it and the marginal benefit of keeping the experienced workers for their pay is not worth it. simple economics. look at labor wage studies and nominal wage theory if you want.
    4) Once the labor market eventually stabilizes, you’ll enter your prime earning years with some of the highest tax rates ever seen as your government continues to cannibalize your generation to pay off its largess and indebted entitlement programs that benefited older generations;
    - there are several ways the current tax cuts in the states can be paid for. 1) higher than expected growth of GDP, like in the late 90s (one of the reasons clinton had a tax surplus) 2) cuts in spending 3) the average joe will have to pay it off.
    now you say it will only be the 3rd option that will come to fruition, but it will most likely be some combination of these, so the outrageous taxes you mention might not be so outrageous after all.
    5) For your entire working life, you’ll pay into a pension system that is going to be bankrupt by the time you’re qualified to draw on it;
    - unless it gets fixed, or people being the rational beings they are, will save themselves, putting their money in stocks/bonds, gold, i don’t know what, to counter this
    6) More than likely, you’ll never achieve the standard of living that your parents achieved;
    - what makes you say this? yes, the standard of living has been stagnating over the past decades, but the likelihood of a fall in the average standard of living is minimal. you pretty much just made this up… you know this global recession is not going to last an eternity and will turn around
    7) Whatever wealth your parents accumulated won’t be left to you– the bulk of it will be confiscated by the state (unless your folks were smart enough to plant multiple flags) due to a host of death taxes.
    - part of it will be compensated yes, but even though i do not completely agree with these taxes, you should not rely on you parent’s wealth to drive you forward. you should rely on your own abilities and motivation to create a good life for yourself.

    now these things i just wrote down quickly, because i think this article is a little absurd and too pessimistic, so bash me all you want, but the fact of the matter is that your view presented in this article is very narrow and doesn’t take everything into account.

    and just my last point: America’s youth today (again, like it said in the link on my facebook page) actually has an easier time ahead of them compared to their parents. the baby boomer retirement was postponed by this recession, but it will happen sooner or later. and with this huge outflow of permanent workers from the labor force, young people will have an accelerated promotion career path ahead of them compared to their parents who had to compete with more peers.

    and this all is written from the perspective of someone who is NOT American

    • someone actually working

      Wow, a non-American college student, yet you’re an expert on our economic situation. Too bad you’re not from here- with blinders like those, you could be president.

    • http://twitter.com/tkinder Terry Kinder

      If this analysis / writing is representative of the state of public university education, we’re screwed.

    • http://www.jonesfamily.us/ Ron Jones

      After you get a refund on the tuition you paid for basic grammar and composition, spelling, and rhetoric… Spend some time reading the classics:
      Not Aristotle, but Ludwig von Mises, Murray Rothbard, Thomas DiLorenzo, Tom Woods, Gary North, and James Ronald Kennedy & Walter Donald Kennedy.

      • jack_sprat2

        To every one of us, our own Idolatries. I see that you’ve chosen yours.

  • Matthew H Townsend

    Ron Paul 2012

  • Missvossen

    Everybody is seeing the backfire on the forefather before us, Do you remember the 80′s and ragonomic’s? We all see the economy as it is slipping and we all hope for an answer, but the young, the old and the new will all suffer the consequences and NO, it is not fair!

  • Clare

    To those who think the “real” world is the only place you get a “real” education – (and I’ve done both) – recall that much of what is great about the world (including your favorite novels, films, food, history channels, more) comes from brains and many of those brains are employed at universities. So drawing a black and white, admittedly ignorant distinction is a non sequitur. It’s your responsibility to get an education. It would be unfortunate if you limit yourself to getting it through random encounters in the “real” world (besides, you’re then faced with the issue of choosing where to draw the line between the “real” world and any student-teacher relationship, in the many forms that it can take).

    • topeka

      Nice thought – but how would you discern a good edumacation these days? Most American college graduates today may be good at answering irrelevant trivia questions from a liberal-leftist perspective, but they couldn’t spell gas chromatograph much less operate one. And as for history, I personally know many professors whose education is as solid and complete as a full selection of cotton candy in all the pink flavors….

  • trentemberson

    Ha! I think the author actually believes the debt is going to be repaid and the current system will survive!

    Bankruptcy and hyperinflation rid us of the debt, entitlements, and bureaucracy. The majority of the lives of today’s youth will be lived on an upswing of liberty and prosperity, it just has to start from the smoking ruins of the system we inherited, which is now in its death throes.

    Economic collapse is the best thing that possibly could happen to us, our parents should be jealous. Our generation gets a “CTRL+ALT+DEL”, they spent their lives building up to a BSOD.

    • Diogenes

      I would like very much to think that also. Yet do we really know how long governments can play this out given their police state and propaganda powers? Mugabe is still in power and causing problems after the Zimbabwe hyperinflation.

      Hyperinflation in the current situation would be so globally disastrous that combined with the propaganda and educational indoctrination success of governments, nationalist fascism would be very likely to follow. Governments will make slaves of their own people and make agreements to rewrite debts before allowing themselves to go bankrupt.

      I would say a more likely guess, and I emphasize it’s a guess, is 5 years of collapse chaos followed by 15 of debt rewriting and socialistic fascism in most large nations.

      PERHAPS, by the end of that time the few honest,international,genuine free market based businesses will have demonstrated well enough to a hopefully internet re-educated global populace what the real right direction to go in economically and morally is.

    • jack_sprat2

      Ever seen what happens when a hundred million old folks with guns see the kids getting set to abandon them? Think they’ll all “go quietly into that good night”?

      • trentemberson

        Are you suggesting my grandparents are going to assassinate me when their Medicare checks bounce?

    • Will.

      Very true that the best that could happen is a reboot.  Unfortunately, the winners of the Last ripoff are going to fight the reset with all their considerable power and resist a start over.  Look to Greece for a current example.  It is the decline to a reset that brings the danger to citizens (subjects) that Simon discribed and the poli’s (both sides of the isle) will stop at nothing to hold their power.  The only way to beat it is if the gov’t pushes to hard to fast and mobilises the populace while we are still well armed and well fed.  The “theys” are much smarter than that so get prepared to leave or get prepared to suffer.
      Will.

  • http://www.facebook.com/jillian.pierone Jillian Pierone

    listen– they pay less in taxes. they should get less from taxes.
    They shouldn’t get anything! But this idea that they’re being robbed by the rich! They’re being robbed by politicians who spend their taxes supporting neighboring countries and their allies’ wars.

  • libertista

    when the young come to power in politics, as early as gen x, they will just vote not to pay for all those benefits to their parents, and their parents debt. It’s ridiculous to think they are just going to accept that they have to pay the bill when they come into power. When the baby boomers go away or die (not soon enough), a new day in America will begin.

    • Sdunlap2

      How can you say it is the baby boomers fault? We’
      re caught in this mess with everybody else!

    • Biggy

      Of course you are presuming that the next band of doo gooders are NOT psychopathic as were ALL politicians since before the Fall of The Roman Empire.Buy Silver with every ounce of effort you can for Liberty because you can exert more influence and change when the money system collapses.

  • http://www.incomebusinessexpert.com/ Rick

    Hello Simon,
    I read the following article/ad and am inquiring if you agree with this and if a Canadian bank is a good place for an American to put some funds?

    Protect yourself from the coming Hyperinflationary Depression with your very own Offshore (Canadian) Bank Account! In our Special Report we will show you how to open your own private bank account with one of Canada’s top banks – all without a Social Security Number or Tax ID Number!

    If you are a U.S. or E.U. resident it is imperative that you get the bulk of your money out of U.S. dollars and Euros. The private Canadian Bank Account will give you diversification and allow you to hold your funds in strong Canadian Dollars (or any other currency for that matter).

  • http://pulse.yahoo.com/_XYGF24LWEGG5CSIDX3TE6FVY4M J

    My personal form of revolt is by refusing to have children. Let Western populations fall off a cliff. There won’t be anyone left for the Ruling Class in the New World Order to lord its power over anymore.

    It would appear that I’m not alone in this sentiment. By 2030 over 50% of the population in the US will be over the age of 50. Of my 2 sisters, one has no children and the other has one child. Both are beyond child bearing age at this point. That means 1 person to replace 4 (myself, my childless sister, and then my sister with a husband).

    I’m so angry at this point I just want to see Western society burn after all the damage it’s done to itself and the world.

    • Guest

      wow thats awesome you’re such a rebel…

      give me a break…

    • blag

      But by the time your children matter, you and your generation will be in power. Do you want to shoot yourself in the foot? Also, the aging population is driven by life expectancy increases and the baby-boomers, not merely fertility rates.

    • Jonesjasper

      maybe we wouldn’t have this problem if your mother hadn’t had kids…i include myself in this statement…why not be a solution rather than a drag:)

    • jack_sprat2

      Most of the major islands in Oceania were denuded by generations of subsistence farmers who repeatedly overbred their provender into senescence. Just as Madagascar has, destroying its forests for cooking fuel. Just as is being done in much of Amazonia today. Just as the Meso-Americans did, requiring ritual cannibalism to sustain their priesthoods.

      There are no perfect peoples. Just as there are no perfect animals. (That’s why all species that overgrow their bounds for an extended length of time appear to cultivate fungal parasites that then serve to keep their hosts’ biomass in check.)

  • Victoryiswithus

    This is for “J” the First message that you see under the article. ONE, I strongly believe this person to be a governmnet paid shill. Massive De-population is a major goal of the New World Order. They don’t wan you to to have kids. The “idea” that NOT having kids is some sort of “revolt” is VERY suspicious and plays far too well into thier hands. “Wanting Western Society to burn” is also a major goal of the New World Order, the idea that is all “going to happen anyway” just watch is burn… yeah that will show them, let all do nothing and have no more kids…. “J” I can almost promise you is a useful idiot or schill.

    • jack_sprat2

      Or a philosopher or social scientist or “humanitarian.” Like Saint Hillary, she of the Adolf-sized lust for the oeuvre of Margaret Sanger.

  • Sirknightofni

    Nicely written, though I do like seeing sources cited. I would have liked to see sources for point 7 particularly (I mean, we all hate the death tax, but is the government actually slated to increase it?)

  • Francissba

    A modest proposal. I am 59 and am quite willing to forgo SSI and Medicare I can manage my own income quite well and do not need government handouts. Granted, in the last 40 years my wife and I have paid, collectively, over $700,000 into these two government ponzi scheme. But here is my suggestion.
    Since that $700,000 in enforced payroll taxes was paid to the generation before me, I will forgo my share under one condition.
    Give me total tax amnesty for the rest of my life.
    I wwill wlak away from any SSI or Medicare that could ever be paid to me or my doctor. I can make enough money without augmenting my income with SSI and Ican bargain for medical care with my doctor by paying an agreed upon amount for health care in CASH. Or travel to a country with less costly medical care if I ever have a major medical malfunction. This is a simple solution for me and my wife. See ya SSI and Medicare, See ya taxes on my future income

    • jack_sprat2

      You’re free to opt out the old-fashioned way…LEAVE! Else, you’ll deal with what comes, same as the rest of us.

  • D.Hawk

    Don’t know if you’re aware of this, but Kazakhstan isn’t exactly a safehaven for investors or workers alike. While a developing economy, it is still riddled with political corruption with questionable human rights, and a presidency with strong authoritarian overtures. And Kurdistan (which hasn’t been formally recognized as an independent state) is lodged between Iraq and Turkey; neither country will recognize the Kurds at the expense of losing territory.

    The problem with your views is that it comes across as academic theory as well (i.e. working in developing markets will give you the experience needed to establish yourself). It is still based on capitalism, and it will still have economic upturns and downturns. And as far as younger people being “less anchored” as it were, more often than not, reality reflects the opposite case. For people in their early 20′s who just get out of college, many of them are saddled with debt from tuition loans. Youth starting out in the workforce are starting out at the bottom, and must work their way up to earning a sufficient salary (unless of course, you’re referring to servicemembers, who move overseas by mandate of their profession). I know very few people who could just drop everything at the tip of a hat and move abroad.

    I do agree with your view that young people must seek out opportunity rather than wait for it to be handed to them, but there are plenty of alternatives to accomplishing this than attempting to blaze trails in No Man’s Land. Like or not, the Western economic system offers relative stability and protections for workers; workers in developing countries often find themselves being exploited by their employer (and if you don’t believe that, read articles on bar-girls from Thailand and/or the Phillippines, who are often duped and exploited because they were looking for opportunity not available in their own countries). Conduct more research before giving out such advice.

  • Guest

    “Go explore the world and get an education based on experience, not expensive academic theory.”

    The only thing right in this statement is that it is expensive which needs to change. Get an education then go have some fanciful trip around the world if you wish.

  • jacklohman

    My problem with this and many other essays on the economy is that it misses the key problem: our corrupt political system. THAT got us here and nothing will change until we get the legal bribes (campaign contributions) out of politics.

    Nothing else matters. Fix the corruption first, then you can move forward.

    Nothing is going to change until we have public funding of campaigns. Politicians spend taxpayer dollars because they ARE PAID to spend taxpayer dollars, and robbing the SSI fund (as just one example) gives them the cash needed to attract campaign dollars. What is it about political bribes do we not understand?

    Our problem is NOT government, and it is not R’s or D’s. It *IS* that government is owned by the special interests that want in the taxpayer’s pockets. The R’s did not win the election, Obama and the D’s lost it. And hopefully the R’s will lose the next one until we get the legalized bribes out of the system

    CEOs want short-term profits to increase their already massive salaries, and are willing to share those profits with the politicians that made it all happen. Thus NAFTA and other laws are passed that enable outsourcing to countries with wage scales one-tenth ours. And our country crashes while China and India flourish.

    As a former CEO my company would not have survived if I had an employee or board of directors who took money on the side and gave away company assets in return. Our country can’t survive this corruption either.

    So nothing changes. We elect a new group of politicians and the Fat Cats simply re-direct their bribes as we continue down our spiral. Only a national revolution will get our attention, but then it’s too late. And all because our politicians refuse to stop the bribery they benefit from.

    If politicians are going to be beholden to their funders, those funders should be the taxpayers. And at $5 per taxpayer per year it would be a bargain. Even at 100 times that. We MUST demand that our senators and representative pass the bill at: http://fairelectionsnow.org/about-bill

    Jack Lohman …
    http://MoneyedPoliticians.net

    • http://www.jonesfamily.us/ Ron Jones

      Spoken like a true believer in that unicorn called “good government.”

      By focusing soley on the bribe giver (big business), you excuse the moral culpability of the bribe-taker (the politician).

      Public funding? Whiskey Tango Foxtrot… Over? Are you serious? Forcing taxpayers (at gun point, I might add) to pay for the campaigns of equally objectionable knaves will not make them (the candidates) any less criminal. All it will do is introduce more corruption into the system.

      • jacklohman

        Yea, I’m serious. Do you understand math? We taxpayers ALREADY ARE paying for the campaigns, when companies add their political costs to the price of their product and we reimburse them at the cash register. And we ALREADY ARE paying for both sides, even the candidates we don’t agree with. And we ALREADY ARE paying at gunpoint.

        We pay $400 billion to $1 trillion per year for all of the government spending that results from politicians being owned by corporate interests. For $2 billion per year we could totally fund the political campaigns.

        That’s about $6 per taxpayer per year for congress, and less than $5 per taxpayer at the state level. And in Arizona’s system it’s not even the taxpayers who pay, it’s a surcharge on criminal fines. If you don’t want to contribute, don’t speed.

        If our politicians are to be beholden to their funders, those funders should be the public.

        Jack Lohman
        http://MoneyedPoliticians.net

      • elvenrunelord

        Jack Lohman is correct and here is why.

        A well know psychological trigger called the Law of Reciprocation is in effect between the companies who are funding political campaigns.

        The Law of Reciprocation simply states that an individual is more likely to give something in return to someone who has given them something first.

        Since big business is funding politics in this nation now, we can expect more big business friendly results even if those results are not in the broad public interest.

        Anonymous public funding of political candidates on all levels at common sense levels in a non-profit manner would certainly invoke the above law in a different manner. Invoking it toward the American people rather than special interest groups who spend that money knowing the effect it will have.

        Add to this a broad recall law that will allow the removal of politicians in a speedy manner rather than waiting one,2,4 years for the voting process to do it would further show our political appointees that they work at the will of us, rather than at their own pleasure.

        Elvenrunelord
        http://electronicbook-readers.com/

  • http://www.facebook.com/YorHealthBrian Brian Sullivan

    Love it! Wise words!

  • Jagiles

    Taxes don’t “pay” for anything. It’s a con and libertarians swallow it hook, line and sinker.

    Sovereign governments create money by depositing into bank accounts and they destroy it by taxation.

    All the rest is mere accounting.

    Once you understand this reality, your views will change.

  • http://profiles.yahoo.com/u/MPTN7VP2365PGGG3YOJHK37XSU rebelwithacause

    I agree thoroughly. That was basically the path I took when I left college at 19. The world is full of opportunity if you are willing to work, perhaps as an apprentice, until you establish your value.

    Spending money you don’t have for an education to prepare for McJobs that won’t be there when you need them is foolish. Declare your independence and go find a way to earn it.

  • topeka

    Simon,
    I have to disagree: What you wrote also applies to people over 30! Points 1 through 6 have already come true for everyone I know in the age group between the boom and the youths. For those whose circumstances are comparable to their parents, and neglecting those whose parents, or ethnicity provided free college, circumstances have not been going all that well for the “second tier” who have worked harder and longer and accepted less of everything than their boomer parents. True, I know a few people who have succeeded where their parents failed, and vice versa, due to the unique circumstances of every individual. Nonetheless, for anyone striking out on their own, it has not been easy. And that’s if they caught any of the Reagan boom, and avoided the Bush collapse. Otherwise, it’s even worse.

    Just a thought.

  • Joebloggs

    Obviously written by some one with very little life experience [ under 30 ] this generation for the most part is THE MOST LAZY, PRIVILEGED, SPOILT,SELFISH ,SELF-CENTRED AND PANDERED TO IN HISTORY who think they are hard done by if they cant afford the latest cell phone , with a wealth of knowledge at there fingertips, yet would rather dumb down rather than wise up.

    • CatharticExsanguination

      Hello Joebloggs,

      Clearly, you have not met everyone in ‘this generation’. I consider myself semi-lazy, as in: I get things done before they’re due, but allow myself breaks for ‘fun’ things as well. But, this is something I see in most successful people: the ability to balance their lives.

      I have more skills than most people twice my age. I know how to cook well, how to bake at high altitudes, how to garden and live off of it, how to slaughter small animals, how to raise animals, how to save most dying mammals, how to program in C++, Python, and Matlab, how to build websites, how to integrate 3-D objects, how to build circuits (as well as capacitors and inductors), how to find the forces acting on a static object, how to fence (both the sport and the building aspect), how to speak English, Portuguese, and German, how to blend in in a different environment, how to to most American income taxes, how to account both in the USA and in the majority of 1st world nations abroad, how to understand and read the current economies, how to gather and synthesize information, how to knit and sew clothing, how to camp in the deep forests for weeks, how to set-up and de-bug a computer, et cetera.

      I’m also an autodidact who is paying her way through university for a dual degree in mathematics and electrical engineering. (I was originally an international business major, but switched to something more challenging.) To top it all off, I am a white female who isn’t qualified for most scholarships and grants and I have to work two jobs to keep myself afloat without debt.

      You’re being rather quick to judge rather than going out and interacting with those of us in this generation who actually try in life. I know a good-sized population (about 5-10% of university students if we’re lucky) who have similar ideals.

      • Noone

        Wow, anyone who describes themselves an “autodidact” in a comment to blog post must be a *superjoy* to hang with….LOL

        I hope you enjoy camping in the deep forests for weeks at a time slaughtering small animals…because the rest of society would find you interminable.

  • Austin Beals

    Good stuff! Hey guys, I’m 18 and was wondering if any of you like-minded followers of Sovereign Man could help me out with something…I’m trying to decide which skills to learn in order to add marketable value to who I am. This is what I have come up with:
    *Spanish – I took four years in high school, and I realize it would be stupid and wasteful to not carry on and become fluent.
    *Basic web design – with the rate that everything is turning digital, knowing how to quickly create something that can been accessed globally seems like a pretty useful skill.
    *Locksmithing – I know that I should learn at least one technical skill. This seems very useful and usually a need in any modern city. Training would not take too long and it’s good pay for a simple-living single youngster like myself. :)
    *Martial Arts – I feel it’s important to keep my loved one’s safe. It would also be a great way to develop higher self-discipline and physical health.
    *Cooking – I am HORRIBLE at cooking, in fact being the oldest out of four kids my mom teases me about being the second worst cook in the house. Right above my eight-year-old brother. It is something I passionately want to learn over the next few years. I would love to be able to prepare tasty meals for my future family and guests (as well as myself).
    *?????????? This is where I need help. Please let me know what you think of the skills I’ve listed and PLEASE feel free to suggest any more I should look into.

    Thanks a ton!
    -Austin Beals

    • http://ryangoesabroad.com/ Ryan

      Austin- You have a pretty good list, and you are way ahead of most people your age, especially if you read Sov Man… I am 28, and here are some things I wish I had started 10 years ago.

      1) Go abroad. This is a life changing experience that I am finally getting to. If you are from the US, the most logical place would be Latin or South America where you can become fluent in Spanish. This opens up all of South America to you, and in addition gives you the value of international travel experience, relationships and bilingualism. Go abroad for at least 3 months, preferably longer.

      2) Starting a business. It doesn’t matter what it is, just do it. Start it now, do it today. You learn so much just by doing it. Forget exacting business plans. Just start selling something… Or get to a sellable prototype as fast as possible, and over time, look to make it scalable.

      3) Martial arts. You mentioned this already. Self defense & self-confidence make your potential go way up.

      4) Start a blog. Use wordpress.org and some hosting and start a simple blog and try to get some readers and traffic. Again, you will learn so much in the process just by doing it, it will help you with your web design skills later on, and the best part is you can keep up with it whenever you want and wherever you are.

      Seriously, I wish I had put a whole bunch of the money I paid in college tuition towards these goals. I live with no regrets, but these are some things I would go after if I were in your shoes.

      • Therealaustinbeals

        Hey thanks Ryan!! I really appreciate it! Actually I recently started a blog entitled The Phoenix Odyssey haha I’m semi-living abroad with my grandparents in Arizona (I’m from Northern Idaho) and each day I write about the cool new things I try and do! That’s some great advice!

        I will definitely take your words to heart, my friend! Thanks, again!

    • User User

      I might recommend against martial arts if you think it will actually help you defend yourself. It’s expensive, fun, and can improve physical fitness, confidence, and discipline; it really can’t make you any safer. You will be just as likely to get mugged, and more likely to get injured in the process, since you’ll be more likely to try fighting back. Just being honest here.

    • Dan

      4 years of Spanish and you’re not fluent already? It probably wasn’t South American Spanish anyway, so you’re not prepared to join the real world.

    • Lowell

      Gunsmithing

    • Elkin62

      All of the areas that you outlined are worthy areas of pursuit and will greatly benefit you as you navigate through this life. The fact that you are setting and prioritizing goals for yourself at this stage of your life is a very positive sign that you are on the right track. It is important that you not allow people with negative outlooks to influence what YOU see as your future. The basic needs of humans for survival are: food (water). clothing and shelter. Learn to cook!!!! It will be hard to keep your head clear if you are hungry.

  • Scott Hankes

    to Joebloggs:

    It appears you are one of the dumbed-down, as is evident from the glaring mistake in your post – “with a wealth of knowledge at there….” the correct word is “their” a plural possessive unlike the word you used- “there” – which is used to indicate a location. Perhaps you forgot to run your computer’s spelling/grammar check function, or maybe you were absent that day in first grade English when homonyms were discussed? I think Grover on a Sesame Street episode also touched upon this subject. No, wait…silly me, Grover explained the difference between the terms ‘near’ and ‘far’ so maybe it was the Count, or Snuffleuppigus.

    Also, “can’t” is a contraction if two words and requires an apostrophe between the ‘n’ and the ‘t’ – always. It’s odd how people throw out a majority of the basic rules of written English when writing digital correspondence. Email and texting formats do not include an automatic license for literary laziness.

    • awareandnoticed

      Sorry — couldn’t help myself:
      …is a contraction OF two words…

    • Lowell

      Scotty, I am Very impressed with your grammer skills , as I am sure you are two. (I am sure you will appeciate my mis-spelling of the improperly placed preposition @ the end of the sentance.

    • Tmax

      “English when writing digital correspondence. Email and texting formats do not include an automatic license for literary laziness. ”
      ———-
      R u kddng?
      I gt lisnce.

      txt ruls R difnt.
      ;-)

  • Danhannah1

    Interesting read to this old fart – a little exaggerated, because you forget your opportunity to screw the following generation – but overall cool article.

    “Get out of Dodge” as jargon is from an old US Western movie, Dodge being a city in the old wild west. Thus needs a capital “D”.

  • Jenpowell85

    joebloggs:

    this is not true. EVERY generation is spoiled in relation to what is technologically “cool”. and i believed it was part of every american’s goal to make the next generation better off than the last. technology and advancement of it is what defines generations. advancements have been happening for thousands of years. why use that as an argument for why a generation is “dumbed down”. it holds no water. so since my mother had a transistor radio it makes her generation not as smart as my grandmothers? and because my grandmother’s had a television set it makes her not as smart as my great grandmother’s? i don’t think so.

    and in relation to this article:
    i’ve been told this since i was in high school. i’m 25 now and have been laid off from a job because i was younger and would “bounce back”. well i remained unemployed for a year. i have a college degree but nowadays everybody from my generation does. at the end of that year i ended up having to take a waitressing job at a chilis and going back to school. not exactly the “corporate” world i was used to. i was told that i was over qualified for positions i applied for or told that i lack experience. its a vicious cycle. how does one in my generation gain this work experience for this job when nobody will hire you? what ends up happening is one ends up taking a job for less pay with health benefits you cannot afford. one will probably end up going back to school in hopes that more education will benefit you and make you more marketable and qualified for better jobs. all that does is rack up our student loan debt but we are told that USUALLY with more education = our generation is aware that the retirement age will be much higher for us, if we are ever able to retire. we are aware that we may not get social security benefits. we are aware that the chances of us making more money then our parents is slim to none. we are aware that things will not be easy for us. but we also know that each generation has their challenges and hardships and they tend to pull through. all we can do is hope that in the end things turn up ok for us as well.

    • Lowell

      What did you get your degree in? What further education were you planning to follow?

  • Guest

    Students should pay for their education, but why students alone? Corporations are not raising salaries at the same pace educational costs are going up. Corporations are choosing from a larger pool of college-educated individuals and paying very little for it. Are they not benefiting from their employees’ educations? If they are not, who is to blame? Is the educational system failing? Should the price of education fall? Only if students wise up and stop paying the exorbitant costs from their own pockets, be it loans or elsewhere. Sadly, people in gen y have been programmed to believe they have no other option and therefore there is no free-market in the world of higher education. Spoken from an American point-of-view.

  • GHZSD

    I agree the young are going to be thrown under the bus to try and ensure seniors and current retirees get every penny “we owe them”, despite the economic downturn.

    I am nearing 50, and have also been thrown under the bus. My 401k was raided and my credit ruined as banks quadrupled interest rates, while at the same time my software engineering job was sent to India. Perfect storm IMO.

    That said, we are adapting and going into Internet related income streams, most importantly geographically independent. Having done that we can buy a nice home for cheap and live on very little thereafter if it comes to that.

  • Swiftyk

    We paid our way thru college by working while we were in school. we paid into social security for forty years while our government raided it’s fund. We paid disproportionate income tax and got no special favors for child care etc. Those were for younger generations. Do us all a favor. Take your crybaby rants and go find your “freedom” somewhere else (Iran?) We are ALL getting screwed by our own refusal to foot the bills our irresponsible government has run up. (Both parties) Or to reign in said government by forming effective third or fourth parties to get some control back from big business, which is running this tragedy for they’re profit. Bend over indeed but get your head out and go after what’s your rightful future. After all, we got the votes for eighteen year olds. Of course the north Vietnamese ended that stupid war before we did, but we were on the right track.
    I saw almost NO young people out in protest of Iraq. Let go of your ankles kiddies and get your asses in gear!

  • Lar

    Well, we all know that it’s the young people that pay the college tuition. (Mine was paid by a combination of caring parents and student loans $52K debt from a public college in 1992). Those with the survivor mentality will get it done, those which expect to have a degree handed to them will “just not be able to afford it” and go on to their jobs at pizza joints as they would have with their liberal arts BA’s.

    Maybe the quality of graduates will go up when the number of college slackers declines.

  • Jimbo

    Lower standard of living? Not necessarily. When I was in school during the late 1970’s, we were told as much by our President. Fortunately, most of us were unwilling to accept that fate.
    Sure there are tremendous challenges facing my children and young people in general. But speaking for my children, they have been equipped with advantages that I could have only dreamed of while growing up. Much is expected of those who are given so much.

  • Newburystboi

    Lar wrote…

    “those which expect to have a degree handed to them will “just not be able to afford it” and go on to their jobs at pizza joints as they would have with their liberal arts BA’s.”

    Thats an oddly uneducated comment for someone so educated. Anyone who looks at general inflation and compares it to to higher education prices sees that from 1980/1982 to 2006/7 inflation went up roughly 18-20% while the price of higher education went up by over 250%. All the while the minimum wages students topically make while in school is considered to be less than what it was in the 1980s when adjusted for inflation.

    Do the math, because it seems like something isn’t adding up. These kids are having loan debts 4,5,6, even 8 times what they will be making a year for the first decade of their working lives. How can these kids pay a $1,000-$2,000 loan, another 500-1000 in rent, plus gas, insurance and food on a 30k salary? I don’t mean to say double entry levels wages, but I do think maybe its time we have a discussion on what is considered a reasonable amount to pay for education.

    • William

      We,the People need to stop thinking inside the BOX.Get out of the BOX! We can do better by teaming up with our Families and/or friends and live as a clan/community,thereby using less of our resources to live.This is exactly what Mexicans that move to the USA for work do.As well as many different Asian cultures.I know because I have seen it many times.They are not hurting,on the contrary,they are getting ahead.I tried to get my Family to do this.What a joke that was.No one wants to listen to reason.They want their space and freedom to do what the want to.Even if it hurts them financially.That is a tragedy.

  • Remo

    This is one of the best articles I’ve ever read in my entire life!

    Seriously…..THIS IS NO EXAGGERATION.

    Who are you Simon? How did you learn all this??
    Your advice is unlike anything I’ve ever read before.

    Such a “classic, fundamental thinker”
    We need more people like you in this world..

    This post is 7 stars… I love it.
    Very rarely I am motivated by an article I read…

    This is just GOLD.
    I am a subscriber, a listener for life.

    —Remo

  • http://www.nicholaswind.ca Nicholas Wind

    You are bang on Sir.
    I’m in Toronto Canada.
    I’m wondering how we’ll be
    compared to the U.S.
    We are run by the same marxist socialist
    bastards you are.
    Even our conservative prime minister
    and his gang now expand government.
    Great info and thanks.

  • Angry&Broke

    My degree feels like it’s still too far out of reach. I’m 23, living on my own, working 50-55 hours a week and taking 16 credit hours a semester paying for most of this out of pocket.

    I have felt ridiculous in the past couple of months for feeling ANGRY at how those have come before me have been showered with benefits and I’m having to pay into systems that are screwing me over constantly, namely school tuition and social security. Even the Arizona State Retirement System that I’m paying into (in addition to social security) is looking at “reforms” that will end up costing me more than it will be worth when I need it most!

    • Dj

      im not an english major @ hold no degrees ! ive read MOST all your comments, young blaming old, rights vrs. lefts, reps vrs. dems, smart against dumb, rich snubing poor, beiever or non- believer;Truth is, we are here, ALL together in the very same damn problem, A country with it’s govt. in debt so bad that even if you are an infant you won’t see a balanced budget ! A change of currency, yes. A devalued monetary system, yes. rations, long lines for gas & food!! Instead of all this greed & ME rationall, why aren’t U using ur energy, education, & common knowlege to SOLVE the upcomming catastrophic desasters that is evident ??? The younger sect doing the important “green earth” THING . The ones that CAN, BETTER prepare like U have never prepared before !! THIS Global desaster IS going to happen! I refuse to believe we R gullable enough to think we can just keep TAKING & going forward as “Progression.” The Buck Stops Here ! LITERALLY ! PREPARE yourself for tomorrow when a 100$ bill won’t buy a loaf of bread or a gallon of gas, That is “If” U can find it !! Listen to the truth, ignor the ignorant, “BUT ” BECOME SELFSUFICENT !! I’m not saying it is the end of the world, Just the end as we know it! It will be bad for us ALL. Just be prepared ! God Bless all of us !

  • Garyrose66

    stop whining. when you actually do something of use to the world for say, 40 years, come back and re-assess your position.

  • http://twitter.com/ALSKIK Self Help 4 Anxiety

    My Brother Simon

    You speak the gospel truth!

    Thank you for materialising your thoughts on to this blog page! It is all knowledge I know already but to see it all summed up without someone trying to sell me an ebook “How to get out of society” only £9.99 :-)

    Straight up man, I will be leaving this totalitarian state in around six months time, and not a moment too soon!

    I hope you soon follow suit sir… and I am sure you will!

    Peace
    Alski K
    P.S. Anyone that doesn’t agree with this dude either lives somewhere I want to live or seriously needs to wake up and smell the stinky bishop!

    I send you love :-)

  • http://twitter.com/ALSKIK Self Help 4 Anxiety

    Oh and Remo, Nicholas etc I hope the future doesn’t involve a life of slavery for you two also! I echo everything Remo said below ten fold!

    Good to see the cause still has true members :-)

    Peace

  • Willbecker

    I beg to differ just a little. Agreed the young are getting the shaft,but the old are also. Pensions are dwindling and prices are rising fast. Us old folks will be on welfare until it runs out then what ??

    • LVra

      Milk the pension system while it exists – it won’t for the current young.  The entire system was poorly designed and anyone with half a brain should have seen what was ahead.  Do the math and count $ you contributed to pension, adjust for inflation and for the fun of it double it.  You are still light years away from what you will get by the time you are dead!  Then what???  Should have been saving instead of living the good life.  At least you had a job to save from unlike many young ones now!!

  • Dkayewood

    Oh good grief–whine, whine, whine. When the young have worked hard (and not just stepped out of college looking for a paycheck) for a couple of decades then they can cry me a river!

    • http://twitter.com/issue313 Christopher Connolly

      You sound like a baby boomer.

      The young aren’t being given a chance to work a decent job, buy a house, nor start a family at a decent standard of living.

      They’re living with mammy and daddy till they’re 30 to pay for the wars and economic mismanagement of the boomers, whose greatest contribution to the world was getting high on LSD and rolling around having sex in mud pits at Woodstock.

      • Will Larimer

        Christopher,
        I was born in 1954.  I worked thru highschool and in 1971, made enough money while going to school to buy any house on any of 30 blocks in my hometown.  By 1980 I had my net worth estimated @61a5c64a9dc24f352db40b4e2b491e7d:disqus  a quarter million dollars.  By 1983 I was living in a red Pinto with dents.  I have never made over 65000 in my life and only made 50000 last year.  Rigganomics cleaned me out w/o possiblity of recovery.  I wish for all the world that I had split the US back in the 80′s and made my way in the world instead of griping about yuppies and politicians.  Get past who screwed up the US and just get the heck out as soon as you can.  Remember that not all old bastages made a profit gutting out the countries future.
        Will.

  • Steve Pipkin

    Interesting book by Tyler Cowen “The Great Stagnation” touches themes in this article.
    http://www.economist.com/blogs/freeexchange/2011/01/growth_2

  • Joseflores185

    Damn this is insane .people do all things. we need accountability. We can do all things through which strengthens us

  • http://pulse.yahoo.com/_4XHRJQPNZ4QJKVS2COFSXSUIV4 zamboni

    Ja, sure thing! I’ll get a one way ticket to Botswana and set up a Burrito Parlor, LOL :-D

    Get a clue. Get realistic. I’m all for traveling abroad, but you need a well thought out plan–not some cliche advice about “be the grease guy” in Mongolia, LOL. Its easy to bullshit like this in a blog–and an entirely different matter when you are in a far away foreign land, you don’t speak the language, and you want to become “grease man”. Jesus christ, how old is this author? 14?

    …I mean, who is this guy? I came across this web just surfing, and man is this glib, clueless advice for young folks. I’ve been around for many years, and there are always “gloom and doomsayers” like this dude Simon Black.

    • Matthew

       I agree Simon makes it appear a bit easier than it actually is. However, he is right on target about what’s happening – hardly doom and gloom. Where there is a will there is a way. You need to plan it out and make it happen. Quit being a pussy and don’t make any excuses.

  • Dranoelst3-st

    The problem is not the government. The threat is the corporations and the folks that control them and congress that have raped the country/world. Campaign finance reform is the only way to take back control of the country.

    • Weber-J

      If I’m understanding you correctly, you’re saying that the problem stems from people and corporations controlling the government. The solution you are proposing is to have the congress, which is controlled by the people and corporations that are the problem, pass new legislation. You don’t see the inherently flawed logic here?

  • http://wp.me/Igbc Prattle On, Boyo

    Outfuckingstanding!

    • D. S.

      Poor language is NOT a recommendation for hiring!!!
      Just offensive to most.

  • Alicecaterpillar

    I like the gist of this article, but feel compelled to point out some glaring untruths!

    First off- if you are in your 20s or 30s- where exactly are we supposed to find or get the kind of money we need to simply up and leave? The plane tickets ALONE cost a small fortune to most of us stuck working our sucky jobs! Nevermind feeding ourselves or find somewhere to stay once we land on the other side of the ocean.

    Secondly- how do you integrate in an environment like that when you DO NOT speak the native language, understand ANY of the local customs, and know absolutely NOBODY there? What happens if you get sick? injured? I mean this is just not that great of advice. it is a great idea but how realistic is this?

    Many of us would LIKE to have this option, would love to be able to afford to travel, or stock up on emergency preparedness supplies- but when you are stuck barely living from paycheck to paycheck, how do you accomplish all these things???

    • http://twitter.com/issue313 Christopher Connolly

      Are you American? How do you think your ancestors got there?

      For transport I guess you could try to find a captain who will allow you to work your journey on a cargo boat. There are also sites where yacht owners look for crews. There are always jobs in cruise liners. All difficult, but very doable. When you get to your destination, you take any work you can find, and work your way up from there. You learn the language however you can, from books, browse internet forums and translate stuff using google translate, get some audiobooks off the torrent sites, etc. If you get sick, you at least can show up at your affluent first world embassy and plead for help. And no matter how little you earn (and I’m prepared to be shocked, America reminds me of the third world in low wages), you still earn enough to save a portion. Buy food in bulk, sell appliances, become self sufficient, etc. How do people in China survive on their incomes?

      In short I think you might need to toughen up. You’re stuck living through times your grandparents would recognise, not times your lazy baby boomer parents would know.

      On the bright side, I assume you’re young healthy, educated, and white, which opens more doors than anyone will admit. Everyone likes having people like that around.

      • Human: TK

         Great advise, especially about the Yacht crews.  However, you can forget working on a cruise liner.  The only Americans that work on those things are the officers and administrators, the crew are all from really poor countries to keep costs down.  They don’t even consider 1st worlders for those positions.  To be an officer requires a lot of specialization and experience, and a lot of cruises anyways go from First world countries to vacation spots, not from country to country.  Great way to travel the ocean, not a great way to relocate. 

    • AWordToTheWiseFool

      Spics do it everyday when they come here from Mexico. Just stick your hand out and demand money. Also refuse to speak the countries language, comit crime and destroy society. Your are an illegal and you will get away with it. Oh wait your not Mexican and the country you are going to is not America. Forget my advice.

      • Dmaster

        I agree with your last sentence. You’re an idiot!

      • Ben

         You’re not funny.

      • werpor

        Try to think nice instead of nasty, there’s a good boy. Ignorance is no excuse.

    • http://www.facebook.com/ty.maxey Ty Maxey

      The answer to your question is desire.
      10 months ago I decided to move to Peru from the US. My Spanish was weak, my skills are basic, and my bank account was empty. I am 28, childless and single so I decided that if I was ever going to liberate myself from the failed system I had inherited…it was now.
      I moved in with my parents, worked two jobs, bought a plane ticket and made it happen.
      It hasn’t been easy. But I’m awake, alive and taking charge of my life. Whatever sacrifices I made to get here were worth it. Sovereignty is PRICELESS.
      You can do it too. It just depends on how bad you want it.
      Suerte Amigo!

      • Heatherw66

        Ty, I did the same thing 7 months ago. I moved from the US to Ecuador at the age of 30 and it took sacrifices and planning to make that happen. I moved into a friend’s mom’s guest room, worked crazy hours at my job, saved my money and sold off my belongings to buy a ticket. I arrived with 4 suitcases, a small savings and practically no Spanish. It was very challenging at first but now I am loving life far more than I ever imagined possible.

    • Ben

      Americans have got to be the most soft pansies on the globe.

      • CheeseCoatedChopper

        and what’s wrong with being soft? the softer the better i think. if we don’t look out for the person next to us then who will look after us when we need help. we should be friends with as many people as possible and help as many and as much as we can because it’s just simply the right thing to do. on the less softer side of things such as politics however i agree that the us gov needs to get their noses out of every other countrie’s arse and stop trying to help them or have wars with them and focus all their resources on us, the people of the us. only after we’re in a better state should we consider getting back into foreign affairs. everyone should consider being pacifists. everything would be so much better if we didn’t use our own creations (weapons) and fists to destroy other people’s lives. instead help them out of a puddle when they trip.

      • highlanderjuan

        Ben, that is an interesting comment. Americans have evolved to being the world’s police force, and certainly our military is not soft at all. No one likes war, especially the people, but as Hermann Goering, Nazi leader, has quite aptly said:

        “Why of course the people don’t want war … But after all it is the leaders of the country who determine the policy, and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship … Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in any country.”

        So, how do a people, those who believe in the rule of law, control a large, militarized and lawless government that does not obey the rule of law? How do a people, who just want to live peacefully, raise their families, and grow their businesses, live and thrive in a totalitarian dictatorship which the U.S. government has become? No one wants war and strife, but we may yet see blood in our streets if the government does not back down. But no one expects the government to back down. So we will end up fighting. Will that then satisfy your demands and show you that we are not the softest pansies on the globe?

    • http://twitter.com/TommyJacketseed Tommy Jacketseeds

      I was just like you… afraid to take the leap.

      I found a job in costa rica on craigslist and they set me up with a cabina there for $100 a month… once I got there, within a week I felt like I was at home and realized I could have done this on my own. I took a bus to nicaragua, panama… I flew to honduras. I was nervous as all hell in the weeks leading up to my departure but like I said once I arrived and spent a week there I felt at home. You really just have to take the leap. You would be surprised how many people speak english in the world, if you can learn spanish then between eng+spanish you will have over 65% of the world covered. 

      It’s all about taking a leap of faith and having confidence. I lived there for about a year and had to return to the states because my dad+brother were very ill and needed help. I am now at a point where I am trying to decide if I want to stay and fight or leave and enjoy life back there on the beach. 

  • souldefender

    My son is 30 years old and very talented young man. He is smart, educated, insightful and dresses right out of GQ, all the things that used to get you a great job. He is unemployed and struggling to make a life, fortunately he has no children. Although some here have ignorantly denigrated Simon for his advice I think he is correct. He is obviously light years ahead of those who snipe him.
        The United States and the economic conditions we experienced are gone forever. Pillaged by global thieves who robbed our children of their rightful futures in a land of opportunity. In one fell swoop these crooks turned a land of opportunity to a squalor of low paying menial jobs. 
         I would tell my son to search the globe for better opportunities and chance at a better life. I have just discovered this website but I will be bringing my son to it. It is a ray of hope in a dark time for his generation. A dark time that will be here for a long time. As for us elders of this pillaged landscape we will have to fight it out as countries do not want us over 55 years of age, this is my experience anyway. Keep up the good work, Thank You.

    • MobyTD

      It’s actually easier for over 50s to retire in Thailand/Malaysia/Philippines…

    • Dmaster

      I have been preparing for several years to make the leap to retire. I have chose the Philippines as it is the most westerized developing nation in the Pacific rim. Warm temps, friendly people, and lower cost of living will stretch my retirement savings to the max. Can’t wait.

  • Chris

    Hi, Guys, I am in the middle of life-path switching and career changing point and really appreciate some wise suggestions base on my current context:
    1. I am 31 and jobless this week, living in Singapore.
    2. I used to work in building industry but don’t think there is a strong prospect in Singapore or even global.
    3. My last company was dealing with precious metal trading, logistic and custody services. And through this opportunity I saw the great potential of wealth management market.

    I would really like to try out wealth management industry as Singapore is try to shape itself become the next Asia wealth center just like Geneva in Europe 20 years ago.

    well, the facts are, I don’t have any relevant academic background, with very limited knowledge, barely working experience. What I can offer is limitless passion and “never say die” spirit. 

    The problem is the global financial market turmoil and the banks daily lay-off news put me in the decision dilemma. 

    More and more European financial advisers and wealth mangers swarm into Singapore in order to penetrate China new affluent market.

    What is your opinion if you were in my shoes?  

  • AWordToTheWiseFool

    Filthy nigger obumma wants to shove his black dick up the working white middle class azz. Stupid fu-king nigger. It only took one balck president to ruin America. Bell Curve in action.

    • http://pulse.yahoo.com/_VOBXRK63FHGJX26MOUJY3VAOMU FreddyFoxx

      You Are a Complete Ignorant FOOL if you think Obama is what ruined America. UN-Regulated Banking, Bullshit based Wars, Republicans and Ignorant A-Holes like You have completely ruined this country.

      • Fred George

        If you still subscribe to the illusion that their is any real difference between the political “parties”, then you really havent been paying attention.

        The politicians are united in their assertion that EVERYTHING you earn, own, or will ever own belongs to them.  They differ only in the details of how much they want to “allow” you to keep of what YOU create.

        If you refuse to give the bureaucrats what they demand, they will put you in a cage and if you try to leave the cage, they will shoot you. 

        That is serfdom. The medieval serfs actually had more freedom that modern subjects of the US Federal Gubbermint.

        Dont be fooled by the fact that they allow us slaves to elect our masters (from a carefully chosn group of the political class), we are enslaved and have no property rights whatsoever.

    • Dmaster

      A word to you – The “UN-wise” one. Get an education, then get a life you ignorant racist scumbag!

    • werpor

      I am as white as the driven snow, so you know. President Obama is as trapped by the past as you so obviously are. It is not his color but his politics that I object to. America is not ruined. It is in a serious downdraft for sure. But if you were representative I’d despair. That bell curve has a slope. Your type have always been over represented at the bottom of the curve. The very bottom. Where is your humanity man. Wake up.

  • Hiday_happy

     im single

  • Ed

    I used to be a proud American, complete with flags and bumper stickers.  Since starting my own financial education 18 months ago, I have sold all my stock mutual funds, sold my house, bought precious metals, left my hometown and 10 year relationship with a manipulator, material goods oriented woman to move out of state and hunker down for the impending United States multi-faceted crises.

    Moving to a different US state is not enough.  Now my powerboat, big chromed gas guzzeler truck, old girlfriend’s engagement ring, and my new fancy custom furniture are for sale.

    At this moment I am in an emerging Latin American country.  I came here for a week to consider moving here.  Tomorrow, I travel to the coast to attend a language immersion school where a local family will pick me up after school to live with them for a month; no english speaking allowed!

    Afterwards, I will return to the US to finalize my affairs and then return here to my new home country asap.  It can be done.  To quote a country song I have never heard, “Thank God for unanswered prayers.”

  • Pepe John

    Nice to see so many likeminded lads sharing the same view/concern/ strategies.
    I’m a mid 30s lecturer & researcher in engineering & would like to leave my “20 cents” here:

    -For NATIVE english speakers…language is your weak point. Get out there and learn a new one. which one? will be defined by your plan
    -Have a PLAN:have you heard the saying:” plans are useless but planning is essencial”?
    -Become a self-thought person.Thats what a PhD is meant to become…but few ” get it” and you dont really need to spend 5 years or your life for a title.

    -Yes, take risks but well calculated risks…that comes by researching.. you don’t wanna be trapped by a typhoon when you were suposed to be doing businesses.

    -Read others… Simon reminded me of that greek guy, Aristoteles Onasis…how could a poor greek guy become millionaire by emigrating to Argentina and setting a tabbaco trade bussiness?

    Best of luck

  • Andy Jorgen

    Simon- I’m glad I signed up for your news-letter. For the
    last 8 months I’ve been the “fly on the wall” as my wife has been
    following you for quite some time.  

    I am 22 years old, and for the last 6 years have secured an impressive
    “safe haven” *unfortunately* here in the states. I would love to move
    beyond the geographical borders but have many limiting factors as I know most
    my age do.

    I am sure I have missed the answer to many of my questions
    by not signing up for your emails earlier. Do you have a “beginners guide”
    published anywhere?   I am partial to Latin America as I have spent
    time in Panama before, and know more Spanish than any other language.

    My wife
    and I posses the skills to live self sustaining *barring any crazy stuff* on a
    raw piece of land. I have cleared land and built houses, grown, hunted, and
    preserved my own food, secured my own water, lived comfortably with zero
    electricity in extreme climates on both ends of the spectrum, and have the persistence
    of a mule.

    What sources would you turn to if you were looking for your
    very first non US domestic piece of property? My financial situation is similar
    to most my age. $3,000 liquid assets, $1,400 hard assets, $200/month expendable
    cash, zero available credit, no foreign banks or savings.

  • Hiday_happy

    u know all christian,it will be better if jesus with us

  • Agfaf

    bollocks

  • Hiday_happy

    you want to know what i did to return my cash?i make a website on internet

  • Mn

    Protesting solves nothing.  Nothing. It will take violent revolution, which will be started only after the young people in America wake up and realize they have no future anymore. They are stealing our future, and we line up to be abused and kicked around int he streets our grandfathers and great grandfathers died to liberate from Britain. History is repeating it’s self, it’s getting harder to even make it. Most younger and middle age people are months behind on bills, and we are loosing the fight to survive. Stand America.

    • CheeseCoatedChopper

      yes, i completly agree with you. no amount of petitions or protests will stop this pandemic from taking place, it’s already half way begun, there’s no stopping a wall this big already from falling over and crushing us. the only way (sadly because i’m a pacifist and would hate to see anybody die) is to ennact violence upon the white house. the only thing i see wrong with that is they have the military to back them up (that is if they don’t join our cause) and if we do somehow win, how will be decide who the new leader of the new gov will be and what to do with the constitution. i think if that does happen the constitution should remain the same or at most have very very VERY miniscule changes done to it. and white house or whoever is watching this thread. you can see that we are all very… upset about you trying to shove all your problems onto us 17 year olds and whatnot. why don’t you actually freaking listen to us for once in your ignorant and oblivious existence (after the good presidents of course) and stop this madness yourself before WE have to FORCE YOU to stop it.

      • highlanderjuan

        Fraud statistics tell us that 30% of the people are hopelessly criminal, 30% are hopelessly honest, and 40% are situationally criminal. When criminals and sociopaths work in and control the actions in government, as is happening now, they just don’t care what you and I think or are concerned about – it is all about them and their own power and wealth. They are not there to serve, they are there to enrich themselves. They will never stop the madness themselves – they have to be stopped by an overwhelming force of good. Then they know the jig is up and they will invariable flee before the ax of justice drops down on them.

        The good people are not shoving any problems down on you. The ones doing this are the evil SOBs inside government who are pulling the strings today. I would suggest that you quietly join the good people in your community and plan your own survival. I say quietly because, with your attitude, you have become an enemy of this lawless and Godless government, and it is their intention to either steal your property, imprison you, or kill you. You can affect change, and as an involved and aware member of society, you are our future.

        We will always have a great problem when the people obey the law and the government does not. That;s where we are today.

      • Conservativesniper

        The US military takes an oath to preserve, protect and defend the Constitution of this country, not the C in C. This is why we have peaceful transitions of power in government. Obama has made no friends in the military. His PC bullshit ie rules of engagement in Afghanistan, are his downfall. IF, I were to suggest anything, I’d paraphrase Niccolo Machiavelli, Before all else, be armed.

    • Dash

      I can see your point, however I disagree.  Your Senators, Congressmen, and Politicians are elected by You – The People.  A simple solution is to present a 3rd alternative to the current 2.  Violence will only beget violence; your Govt has unmanned drones, sonic weapons, all kinds of tech that will unrelentingly reign mayhem on people when the time comes.  The best way to save your country is to get Americans to vote other people in.  The unfortunate thing is, this can take a long time – a lifetime – as we see with Ron Paul.  He’s been at it his whole life.  BUT, if you look at what he’s doing, he’s running an educational campaign that’s cleverly disguised as a Presidential election campaign.

      But it is igniting the grass roots.  Ron Paul has an unprecedented following in the College age group.  When Ron retires, he will have built a lifetime of credibility.  Someone needs to take that baton and keep that momentum up.  

      • highlanderjuan

        I appreciate the Ron Paul analogy, but if you look at both the RNC and the DNC conventions these past few weeks, it becomes evident that the American people have no say in who gets nominated as a candidate, nor do they have any say in the actual elections. 2008 was the most corrupt elections America has ever experienced with 35+ million too many votes cast and counted. 2012 is expected to be worse. The multinational elites control America, and they are sociopaths – they just don’t give a rip about doing what is right, nor do they give a rip about the good of the American people. It’s all about power and money. They reason why no one goes after the lawlessness in government is because the whole government is corrupt except for a few white hats who have been intimidated into silence.

        Ron Paul represented what was legal and what was good in governance, but it will take decades for libertarian changes to occur in government… unless we DO have a violent revolution, blood in our streets, and criminals in government forced into jail or forced to flee the country. Sadly, we live in interesting times.

      • PJ London

        No matter who gets elected, there is no way that they can repay the current debt. If they don’t even try, all credit to US will dry up.
        US does not have the manufacturing base to survive and support 300m people.
        Get out now and find a place with little debt and few people.
        Iceland, finland, middle asia etc.

  • http://www.facebook.com/people/Michael-Park/100003239503846 Michael Park

    Although I’m not sure if I’d go to Kazakstan or Mongolia, emerging market careers provide an incredible life/career/business experience for those young people who are willing to do it. Many of my friends in China, Korea, Colombia, Indonesia, Philippines, and other emerging markets have had careers that are progressing incredibly quickly and giving them countless opportunities. Have you ever heard of a 24 year old personally handling the PR accounts of multinationals trying to build their brand for the China market? How about a 27 year old CEO of a 3000 person security firm for a third-world-hellhole in Asia Pacific? There are some unbelievable stories out there for those who have the will and courage to do so. 

  • TruckerMark

    I was just in Chile for 10 days.  Our group attended a conference on sustainable urban development in Santiago for 5 days and then we spent a couple of days each at Santa Cruz in wine country and at Valparaiso on the Pacific coast.  One other day we spent hanging-out on the beach at Pichilemu too.  While not as hot as the Chinese economy, the Chilean economy is doing right well, and both Santiago and Valparaiso are modern, growing cities, and from what I hear the economy in Brazil is doing well too.  So, if you become fluent in Spanish (Chile) or in Portuguese (Brazil), you might not do too bad in either country if you have a college degree or you have experience as a winemaker, along with a few other fields too. 

    Here at home in the US, even though I did pretty well for quite a few years as an 18-wheel truck driver, after 33 years my eyesight started going bad and now I am working my way up from the bottom again in the field of urban transportation planning after finishing my BA degree, finally 36 years after I first started college.  While I never earned more than 40% of what my auto executive father with his high-end engineering degree earned, I still managed to live middle class as a trucker (Lorry driver to you Brits) too.  And, truck driving school doesn’t cost anywhere near what college does these days either, and there are worse things that you could do with your time than be earning $50-60K US with full benefits driving a semi around the US too.  

  • http://www.PeteSisco.com/ Pete Sisco

    I have four American sons who are 25 or younger. Now all of them live outside the US and are self employed. My best and most sincere advice to a young person who wants to get ahead in life is to live were expenses are very low and accumulate some capital as fast as you can. Have zero debt and hold some gold or other asset with durable utility. Massive opportunities will present themselves after the dust settles. Don’t be a victim forced to pay for mistakes you had nothing to do with.

  • Latham_janis

    I’m old as dirt and went and got a degree in Equine Podiatry, it is hard work, physically, but satisfying.  I encouraged a youngster to take the money it was going to cost to go to one year of college (for an animal science degree) and go get a degree in Equine Podiatry, It takes a year and you would have a job that is working with horses and it is a repetitive job.  Every horse has to have it’s feet done on a regular basis.  So unless you screw up and loose a client you have a steady income.   Then you can pay for that Animal Science Degree, that has no value at all, (My opinion) it is to general and no practical application.  And pay for it in full, with the money you would make with your Equine Podiatry degree.

    • Austin

      I’m apprenticing to a farrier right now-  It was that or go back to college for another degree. Maybe horses will become necessities again!

  • http://powerandcontrol.blogspot.com/ M. Simon

    Do what Thou Wilt Shall  Be the Whole of the Law.

    • David Richardson

      -Aleister Crowley

  • Pobrien6849@yahoo.com

    I’m originally from Ireland and have lived in the USA for 19 years have 3 kids that all have dual citizenship , my eldest who is 12 has already figured out that college for him is going to be in Ireland probably engineering , I never did citizenship here as I totally disagreed with the Bush administrations reasons for going into Iraq ” I.e weapons of mass destruction ” did we find any what aboout Afganastien , how many young Americans had to die to reward Haliburton and other defense companies ,

    • Scruffles McGruffles

      Halliburton is an oil company..

      • Jose Podres

        that owns multiple entities

  • CheeseCoatedChopper

    this is scary, i’m only 17 and you’re saying that due to the idiots in the white house who don’t know how to listen to the people (like it was originally put in place for) i have no say in rather or not i’m gonna live as a bum begging for change on the sidewalk?!? WELL I ASSURE YOU AND ALL WHO WITNESS MY LIFE I WILL NOT LET THAT HAPPEN! if push comes to shove i’ll move out of this country or possibly even build my own and EVERY single action taken place by that new gov will be live voted by everyone in it, the winning majority dictates rather or not that action takes place. it’ll be the perfect paradise that america was supposed to be.

    • basspig

      We got this way precisely because the voters realized that they could vote themselves a handout. This is what happens when you allow a state unfettered ability to extort its slaves.

  • http://www.facebook.com/talmage.murray Talmage E Murray

    The US Government is desparate fucking their own people for their own incompetance and shit leaders

  • romed bucher

    so everybody for himself and against the rest of the world, take whatever there is for the taking and screw whoever you may succed screwing.
    Surely a brave new world order. Survival of the fittest, f–k the rest, organic matter never gets really lost, it’s all ONE BIG Cyclus.

    you smart guys and gals on this platform, ever thought about that man (the animal man) actually is a social species and not at all equipped to survive on its own? Neither physically nor spiritually.

    This bashing and blaming of the “State” for being a man-eating monster is nothing short of ridiculous. Go and find your luck in the new Klondykes like Kazakhstan…. well, just go, you won’t be missed.

    Sure, this may be exciting, adventurous, thrilling – so what? Is this meant to be a solution for others than a handful buccaneer aspirants?

    You guys are so damn ignorant and dumb, it hurts. It hurts, because after all, you’re just kids who don’t know any better.

    Life will teach you, one way or another, also you, mr. Simon Black, also you will find out, sooner or later, that life is not at all about grabbing your ankles and hiding a handful of gold coins from the tax collector.

    Freedom is something completely else than you believe it is. It’s a state of mind, and in another, rather negative sense, freedom is when you’ve got nothing left to loose.

    Nothing. No money to loose, not friendship to loose, no love to loose, first when you are beyond all of that, you will sense freedom.

    You might not like it.

  • Erica Franz

    I disagree that our parents should be the ones shouldering all the debt issues that have been generated by a mismanaged government. Personally I want to see my parents taken care of. They’ve put in a hell of a lot of hard time in life working and paying taxes, taking it up the figurative ass for shitty politicians and I’m willing to shoulder a lot of burden if only to see them enjoy the twilight of their lives in relative peace.

    But then again I have a great deal of respect and love for my parents too, which unfortunately appears to be rare among my peers who are looking to blame their parents for every misfortune or unfairness in life they face.

    Honestly, good. Let the government screw over the younger generation. Maybe they’ll open their eyes, turn off the damn television and tell big brother to go fuck itself. When the latest reality tv ‘star’ is more widely recognized than heads of state we should be concerned – and that’s what has happened. We shouldn’t be settling for whatever the gov is willing to handout but instead demanding what it is we need in life, inventing our future and stop being willing victims.

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