From Urban Survival
Brilliant macro-economic thinking that anyone can grasp. - Collapse Network
"A Deadly-Serious Longwave Economics Note
I have been telling you for how long (since 1999...) that one of the reasons for the economy blowing up worldwide is that people are living longer and that as ages increase, the burden on government goes up and that means more deficits and yada, yada....
OK, so check this out: The head of AIG (remember them, you bailed them out, right?) is now saying that the retirement age will have to go up to 70 or 80 to pay for the global financial mess.
Couple of points: I don't believe in "too big to fail" since that's a lie. Money has a kind of Newtonian laws that most people don't get. You know how under Newton, for every force there is an equal and opposite reaction? It works that way in finance too: For every colossal f/u there is a financial rape victim. What the monied class does is looks for the victim which will be most quiet! This looks like a distracted group (workers, 30-50) so let's nail them!
In free market capitalism, businesses fail. It is patently two-faced of the "free traders" to want their cake (free trade) and eat it too (except when they need a bailout for their own screw-ups).
But this most important part of this story is in what's not being said: This is YOU being put on notice by the bankster-class that because of their bailouts YOU (if you're under 50 or so) are gong to have the finishing line of life moved out several years from age 66. Is it going into YOUR pocket? No. Social Security was raided long ago...this is the equal and opposite to the bailouts - put it to people who won't notice what we did...
What is NOT BEING TOLD (truth really pisses people off) is that this will mean higher structural unemployment since we don't have enough jobs to go around as is. Another example of equal and opposite in finance. And even fewer in the future due to what? Automation and computers added to the new art of metal printing! That's what the free-traders want, you see?
Which is why a war or some other nasty series of events to cause massive destruction (and the increased economic activity from resultant recovery efforts that would follow) is so vitally necessary now to the PTB.
Or, if not that, a global devaluation of 50-80% to "reset" the economy. Once again, however the equal and opposite is that would constitute the largest financial crime in world history....which has to make that so damn appealing.
I suggest you read this as a grab the Vaseline and do an ankle check for the next generation. If you didn't get that, you're not paying attention.
The next part of the crooked sales pitch to look for? Oh, since you're going to live longer, you will be able to pay off those student loans after all! And still have a shelf life of 40-years as a "free consumer" of useless products since you won't be put out to pasture at age 80 or beyond.
Fun stuff, huh? Beat 'em some more so it will feel even better when we quit, kinda thinking.
To put it in more polite demographic terms: the issue for the bankster class is "Which cohort can we screw next?" 30-50s? You're it!
[I will sell you one of my "No Incumbents! No Bailouts!" stickers, though if it will make you feel better, but since corporate interests own Washington, don't be holding your breath looking for substantive change...just more of Ure's law of financial motion. Repeat after me: "Everything is a business model" and "For every bailout there will be a screwee..."
One more Ure axiom of financial motion laws? Sure: "Body's at rest remain broke.""