NEETs are created by central bank monetary policy. In 2008, the subprime housing crisis wrecked the economy, and the American government intervened to pump up the banks and their bad assets. This prevented the boom-bust cycle from a natural market correction allowing bad assets to be restructured and marked-to-market, which would've washed the bad money out of the system.
What happened instead is that the American government intervened to save Boomers from taking a loss on their paper wealth. Instead of economic collapse, everything was frozen in place for stocks, houses, assets. Bad assets have remained frozen in place for 18 years. Zombie companies were able to benefit from ZIRP (Zero Interest Rate Policy) loans to borrow billions of dollars of liquidity in order to keep their position. Most of this Cantillon Effect central bank liquidity flowed into FIRE (finance, insurance, real estate) and Silicon Valley software tech companies.
The entire American economy since 2008 has been an illusion. A mirage. Everything is just the Federal Reserve money printer and the paper wealth of Boomer pensions; Boomer houses; Wall Street; Silicon Valley being propped up by inflation. Quantitative easing.
Zombie companies want to stay in business, to keep paying their executives. That's all they want to do.
Zombie companies do NOT want to manufacture anything, to be productive, or to hire young men.
Incumbents were rescued in 2008, at the price of preventing new entrants from ever entering the system.
The lack of a real, productive economy transformed America into a corporate political economy, with a limited number of stable careers, and a vicious game of musical chairs to determine who would be awarded nice lives, and who would be designated as economic losers. This zero-sum desperation partially explains the insanity of Wokeness as a political movement which came along later. Women engaged in mass hysteria social contagion, and were able to monopolize stable employment in the Fortune 500 sector of the economy by viciously purging young white men.
In 2008, the American government could've allowed the banks and housing market to suffer a massive crash and an economic depression. This would've been extremely painful, but that's because it's painful to confront reality after multiple decades of ignoring it.
If this happened, enraged voters would've voted against the political establishment. A lot of political elites would've suffered the end of their careers. After a few years of necessary pain, America would've moved on, rebuilding in the aftermath.
What happened instead is deeply perverse.
By intervening to protect the bad assets of Boomer pensions, Boomer housing, Wall Street, and Silicon Valley, the American government created a permanent political incumbency in favor of keeping everything broken, frozen in place, and economically stagnant in order to prevent their bad assets from ever being marked-to-market, from ever experiencing authentic price discovery.
Young men work for money.
Young men want to be paid enough to buy a home, get married, and afford 2-4 children, 2 cars, 1-2 dogs, and 2 vacations per year.
However, when the central bank intervenes to prop up bad assets, it prevents the boom-bust cycle which would normally wash bad money and malinvestment out of the system.
Gresham's Law: bad money drives out good money.
Under these conditions, wages never rise, the economy remains fake and ghey, nobody gets married, and economic stagnation drags out for multiple decades. Boomers will never vote to write down the paper value of their bad assets. What comes next is political radicalization, mass hysteria of female social contagions, female consensus used to drive young men out of the workforce in zero-sum competition, intergenerational resentment, and furious, alienated young men.
Talking to boomers is mostly about avoiding the emotional land mines around them that will explode if they ever even slightly feel like what your saying is, or could lead to, criticism.
Holy. Shit.
Spain's far-left PM Pedro Sanchez gave amnesty to 1,000,000+ illegal immigrants, and now hordes of unvetted men are storming across the border from Africa.
It’s the same playbook across the West.
These people will destroy our civilization.
A big part of why we’re unhappy is that everyone is just way too aware. We all know this when it comes to cameras, humiliation, but we also lost the ability to come back to school after vacation with puka shells in your hair and have a day where its all you talk about. We know how annoying we all are now.
If given enough time, the rules will always be gamed in order to subvert the game itself and defeat the purpose of the contest in the first place.
This is inevitable because the rewards are too great. The point is never to have a good time or even to entertain the audience. The point is to win. So the rules will be maliciously “followed”, even as the animating spirit behind them dies.
This tweet isn’t about basketball.
@SimulatedLev Your videos are good bc they are concise but informationally dense. That being said, I would watch extended companion pieces for basically all of your videos
While we’re talking about boomers and birth rates, there is a dimension to the Millenial/GenZ childlessness that we arent discussing.
The main purpose of a child to a boomer is an extra body to commit to the boomer’s purpose. Which in the case of boomers, is always directly or indirectly self.
So, their children spend their first 18-25 years committed to the boomer, neglecting their own life. Whether that be serving the boomer directly, raising their kids, making oneself into a trophy the boomer can brag about, failing to become proof of the boomer’s wisdom, etc.
After two decades of self-denial, in service to a system that could never love you back, how could Gen Z be ready to start families in their early 20’s? To the zoomer this prospect looks like accepting an entire life of self sacrifice. And can you blame them?
Can you really blame the zoomer for needing 3 years of isolated gaming and pot smoking? The zoomette for craving a fantasy life of travel and hook ups?
Things are bad in ways for young people that cannot be undone.
If you're young in a truly rural area of the Northeast, you know this feeling.
"90% of everyone in this bar is gonna be dead in the next 15 years, and when they're gone, this bar is going to close, and if I stay here, I am going to be alone."
It's like a real-life horror film.
@unusual_whales This is the other part the older generations don’t get. Buying a starter home today means fixing up the houses that our grandparents lived in - the same ones the older generations did not fix.
This is 100% true and has been for at least 3 years. Alt Season just started, and now refers to the whole market.
Small-mid caps
Story stocks
Bitcoin
Ethereum
Solana
Pre-emptive positioning for the next wave (Anything that has to do with alt energy, quantum, biotech, space, etc)
Shitcoin alt season is over forever because everything is a shitcoin now.
When simulation becomes the norm, it weakens the human capacity for discernment. As a result, our social bonds close in upon themselves, forming self-referential circuits that no longer expose us to reality. We thus come to live within bubbles, impermeable to one another. Feeling threatened by anyone who is different, we grow unaccustomed to encounter and dialogue. In this way, polarization, conflict, fear and violence spread. What is at stake is not merely the risk of error, but a transformation in our very relationship with truth.
@MikhailaFuller@jordanbpeterson I have had an overwhelming urge to send him fan mail for the last year. I am very sorry to hear this. He did more for young men in the last decade than anyone else in the world. Praying for him.