I once went to an Econ professor's retirement dinner/lecture at a local university. After thanking his family, colleages and friends he gave a short talk about his life and career. At one point he said "the Federal Reserve is not a bank but a government sanctioned criminal check-kiting scheme". I still remember those exact words and he followed it up by noting it was only safe for him to say that because he was retiring or his career would have been stillborn.
In any case, as this vid illustrates the corruption has been going on for a long time. But these criminals (Jewish or not, doesn't matter) have the mental capacity of a young boy. They think that since stealing one cookie from mom's cookie jar went unnoticed he can continue the practice and never get caught. Unfortunately, these criminals used the cookies they stole to buy everyone off, subvert the science of Economics so that only pro cookie-stealing men can be Economists. So it isn't just the cookie stealer but the vast majority of people that went along with it, accepted their rationalizitions/bribes and fake theories. E.g. we are borrowing from ourselves so it doesn't need to be paid off or the govt can't go broke they can just print more money, ad infinitum.
In any case, even though 300 years is a long time -- the can has been kicked down the road to its inevitable deadend. Due to historical factors and widespread corruption they "got away with it" for a long time. It is not true that debt-based money (i.e. IOUs) and never paying back the principle can work long term because it is dishonest. All fiat currencies have ultimately failed, that is a historical fact, because eventually the cooke jar is empty and people notice.
The reality is that when the s* hits the fan things are going to get ugly. I'm not big on analysis base on "generations" but the boomers are most to blame for this disaster. The US could have easily stopped the endless debt late into the 90's but now it is too late and the chickens are coming home to roost. When the world abandons the dollar and no one will refi the US debt, inflation will take off and the govt won't have any money for bailouts. So they will resort to "bail-ins" where all the retirement accounts will be force to keep 1%-5% in US bonds at first for "patriotic" reasons, to "save the country", etc. The interest rate on those bonds will be far below the prevailing (real) inflation rate and so it amounts to a confiscation of the retirement money. That 5% will quickly be 10% then 15%-20% on its way to 100% only delaying the inevitable crash of the dollar. This will be grim justice for the boomers and we will all pay for it.
I once went to an Econ professor's retirement dinner/lecture at a local university. After thanking his family, colleages and friends he gave a short talk about his life and career. At one point he said "the Federal Reserve is not a bank but a government sanctioned criminal check-kiting scheme". I still remember those exact words and he followed it up by noting it was only safe for him to say that because he was retiring or his career would have been stillborn.
In any case, as this vid illustrates the corruption has been going on for a long time. But these criminals (Jewish or not, doesn't matter) have the mental capacity of a young boy. They think that since stealing one cookie from mom's cookie jar went unnoticed he can continue the practice and never get caught. Unfortunately, these criminals used the cookies they stole to buy everyone off, subvert the science of Economics so that only pro cookie-stealing men can be Economists. So it isn't just the cookie stealer but the vast majority of people that went along with it, accepted their rationalizitions/bribes and fake theories. E.g. we are borrowing from ourselves so it doesn't need to be paid off or the govt can't go broke they can just print more money, ad infinitum.
In any case, even though 300 years is a long time -- the can has been kicked down the road to its inevitable deadend. Due to historical factors and widespread corruption they "got away with it" for a long time. It is not true that debt-based money (i.e. IOUs) and never paying back the principle can work long term because it is dishonest. All fiat currencies have ultimately failed, that is a historical fact, because eventually the cooke jar is empty and people notice.
The reality is that when the s* hits the fan things are going to get ugly. I'm not big on analysis base on "generations" but the boomers are most to blame for this disaster. The US could have easily stopped the endless debt late into the 90's but now it is too late and the chickens are coming home to roost. When the world abandons the dollar and no one will refi the US debt, inflation will take off and the govt won't have any money for bailouts. So they will resort to "bail-ins" where all the retirement accounts will be force to keep 1%-5% in US bonds at first for "patriotic" reasons, to "save the country", etc. The interest rate on those bonds will be far below the prevailing (real) inflation rate and so it amounts to a confiscation of the retirement money. That 5% will quickly be 10% then 15%-20% on its way to 100% only delaying the inevitable crash of the dollar. This will be grim justice for the boomers and we will all pay for it.
By "boomers", I assume you include the 300 year old dead folks 🤔 Not the present boomers that inherited the system.