The most dangerous time since the Civil War

[Kinser79]

(01-10-2018, 03:21 PM)David Horn Wrote:

(01-09-2018, 09:41 PM)Kinser79 Wrote: Good to see that Mr. Horn a boomer took the time out to blame his parent's generation for his generation's failures.  As for the rending of the New Deal social contract, I say that was inevitable.  Socialism is great until you run out of other people's money as the Iron Lady said.

Every generation is the product of an earlier one, and the generational failures create the cycle.  I assumed we were all into that theory, but maybe not. As you would expect, we Boomers vastly overcompensated for the GIs vast overcompensation, which was the byproduct of the last 4T.  I'm sure this will continue into the future.

In regards to the end of the Great Prosperity, blame the Israelis or the Saudis.  The 1973 Arab Oil Embargo quintupled gasoline prices overnight, and lead to massive inflation over next several years.  It had nothing to do with "other people's money".

I will not argue that each generation is the product of its parent generation.  Such is the very basis of S&H theory, Generational Dynamics and even my own theories.  What I was pointing out was that Boomers in particular take time out to lay blame at the GIs whereas in general Xers and Millies are far more likely to simply say "Boomers are fucking stupid lets do something different".  Zeds seem to be content to follow Xer leadership, but they are still mostly children; even if as my son is convinced the very oldest of them are just now turning 18.  (I'm unsure if I agree with him or not though--he could just be a cusper with a high degree of Adaptive tendencies.  1999 cohorts are tricky like that, where 2007 cohorts are clearly Adaptives.  In general I think Generation Zed started sometime around 2003-2004.)

The "Great Prosperity" was not helped by the oil shocks to be sure.  However, I see you're conviently forgetting LBJ's experiment in conducting an economy on the basis of both guns and butter during the 1960s which required the debacement of the currency twice (in 1965 with the withrawl of silver, and in 1973 with the closure of the gold window).  Both didn't happen because LBJ or Nixion got a strange bug up their ass--they were required because the US was running short of both gold and silver because everyone else could see the absurdity of these policies.

At current Saudi Arabia and most of OPEC are only passfied by keeping oil accounts in USD (just like Gulf War II was caused by Saddam Hussein wanting to price oil in Euro), but that might not always be the case.  Iran is already selling oil in gold, Rupee and RMB.  Russia is openly selling gas in Rubles or Gold taking USD as a third option only (which has essentially lifted the sanctions against them already--only the US is still maintaining them, and there import substitution is addressing the problem).  I can't really blame the Europeans either, they have a colder climate and in winter the heat being on is quite nice.

That being said, I see you're ignoring the fact that baring inflating the currency, the state only can obtain money to provide social services (including war) at the expense of the private sector.  Hence why the Trump Tax Reform spells disaster for the Dims come poll time this year--and that is before we even address their baked in weaknesses and the chaos that their party is in.

After all it took the entire lamestream media, focusing on a special election in Alabama to get a Dim in, and he managed to just squeak in.  The whole House and a Third of the Senate are up in the Mid-terms.  Also the national polls are skewed.  State by state polls are far more accurate.