05-24-2019, 07:27 PM
** 23-May-2019 Gen-Xers and Boomers in Brexit and financial crisis
The huge mass of voters today are Millennials and Gen-Xers. May,
Leadsom and Corbyn are all in those positions because of idiotic
Millennial / Gen-Xer policies. You can look at it in two different
ways. One way is that the Boomers know better, but are forced to
implement the policies of their voters. The other way is that the
Boomers are just as stupid as the Xers, and that's the reason they
were elected. Either way, it's the Xers and Millennials who are
deciding the policies.
As for the financial crisis, I've written probably hundreds of
articles on this subject in the last 15 years. Here's a brief
summary:
John Wrote:> The continuing Brexit disaster is a perfect example of what
> happens when Gen-Xers are in charge of running things.
Xeraphim1 Wrote:> John, I've seen you make this statement before, but May, Leadsom
> and Corbyn are all boomers. The problem with Brexit is that even
> though Conservatives generally supported Leave, their MPs are
> still majority Remainers, including May, who don't really want to
> go. May was a bad selection from the start as her incompetence
> since has illustrated well.
> Previously you blamed the CMO crash on X-ers, characterizing the
> Boomers running the issuing firms as some kind of amiable dunces
> who couldn't understand what they were selling. I think you may
> need to revisit your assumptions.
The huge mass of voters today are Millennials and Gen-Xers. May,
Leadsom and Corbyn are all in those positions because of idiotic
Millennial / Gen-Xer policies. You can look at it in two different
ways. One way is that the Boomers know better, but are forced to
implement the policies of their voters. The other way is that the
Boomers are just as stupid as the Xers, and that's the reason they
were elected. Either way, it's the Xers and Millennials who are
deciding the policies.
As for the financial crisis, I've written probably hundreds of
articles on this subject in the last 15 years. Here's a brief
summary:
- Gen-Xers earned their Masters degrees in "Financial Engineering"
in the 1990s.
- In the 2000s, Gen-Xer "financial engineers" created fraudulent
sub-prime mortgage backed synthetic securities, and sold them because
they wanted to screw their fathers and their fathers' generation.
- Their Boomer bosses could not have created these fraudulent
securities, because had no clue how they worked.
- However, the Boomer bosses should have known that they were
fraudulent, because they used slicing and dicing to transform
high-risk B and C rated securities into nominally equivalent AAA-rated
securities. The Boomer bosses should have known this was going on and
stopped it, but they were making too much money.
- The quintessential Gen-Xer Barack Obama chose not to prosecute the
bankers -- the Gen-Xers or the Boomers -- but instead chose to benefit
from the fraud by accepting billions of dollars in contributions for
elections and other left-wing projects, such as Obamacare. Obama is
easily the most corrupt president in my lifetime. Trump's honesty is
a breath of fresh air.
