some bloke down the pub said this is bullshit

buying starbucks makes you a poor judge of coffee, at the very least

nah mate. I'm GenX, we're from '65-80.
oldest GenXers are 60 and mostly still working, to pay for the bullshit of younger generations.

the UK takes 330bn income tax, but spends 350bn on welfare payments. most of those collecting welfare arr more than capable of working

in Australia, country of 27m, they have 4 levels of government: local, state, federal plus a senate.
ofbtheir population only 10m are workforce age and of them 30% are employed in some level of government.
so you have 7m citizens trying to support 20m non-productive members of society.
its fucken bullshit.

as Mike and the Mechanics sang, every generation blames the one before.
bit this has nothing to do with generations, and no single point of failure.
its a collective failure of living beyond our means for decades and eventually someone has to pay for it.
problem is nobody does.

back to Aussie for a minute. votibg is compulsory there, with about 19m being voting age.
so even if all 7m productive workers voted in a bloc (and they won't, because vast numbers are unionized) you've got 3m will vote to keep their cushy govt job, and another 9m on some form of handout that won't vote to end it. they're fucked.

most western countries will be similar. we cannot vote our way out. its at the point of just set fire to it all and start again

you said "The sudden ability to borrow easily from future generations must be like crack, and boomers are all crackheads."
anger? maybe not, but certainly doesn't read like you're a big supporter.

my point is it's nothing to do with boomers. its the generation that lived through both wars that set the economic scene.
it to be fair, after going through the austerity of 2 world wars and great deoression, can you blame them getting over excited by the promise of abundant wealth?

but in terms of wages, what happened around 71 was the result of the feminist bs of the 60s.
the workplace got flooded with women wanting more than secretarial/tyoist positions.

nevermind their gender, in broad economic terms you doubled the workforce but didn't create new jobs.
basic supply and demand principles will tell you what happens to wages then.
same thing is happening now with mass migration.

and women flooded the middle ground. very few started businesses, and men still dominated the physical, dangerous jobs and those jobs are very well paying still.
but its the mid-level, medium skilled jobs that might want a uni degree that women are competing in, and those are the jobs a man could support a family on 50 years ago, but not any longer.

that side of it has nothing to do with the gold standard or monetary policy.
arguably we'd be even worse off if "cheap" money wasn't so readily available

we know what happened in 71.
made debt more readily available, but it was hardly a new invention.
the entire idea of money and fudging reserves is centuries old.

also, your anger is entirely misplaced.
Baby boomers are considered born 1946 to 1964.
most of them were still in school in '71.
the oldest about 21.
you really think 21yo kids were making these sorts of decisions in the 60s and 70s?
boomers weren't reaching positions of power until the late 80s and 90s at best, so to blame them for our ills today is being a bit ignorant of history.

my parents are boomers. I've had it way easier than they did, we were on the bones of our arse when I was kid.
and I've got far more wealth than my dad ever had, and he was one of the early ones into computing.

just wait until the Nigerians find out.
your uncle left a cold wallet for you. send me 3btc so I can unlock and get you the seed phrase, or some shit

Iran's oil plays very little part in the global economy, but a huge part in China's.
This comes off the back of the recent visit to China where a deal has been done that China will shorten Iran's leash in exchange for the oil flowing again.

but to get a public "win" they wanted the statement on Taiwan. which was basically the US saying they hadn't changed their position, but the retarded msm ran it as capitulation.
its all smoke and mirrors

also Iran's news show had a regime member yesterday confirming none of this was in there and calling Aragshi(?) a traitor for not holding any of the ayatollah's red lines and surrendering.

the regime is now divided. no deal will get finalised, but Trump can sit back and laugh at them tear each other apart. its brilliant.

is it any worse than wtf this was?

you might want to read up on Strickland. he's an absolute fuckwit.

was brought up in a neo-nazi environment and claims to have have left that life.
lol.
Called the Chinese low life animals, demanded Arabs bend a knee to America, now starting with the usual anti-Jewish rubbish. and had many non-white fighters accuse him of making racist taunts.

I think its great. I went to one of the first cage matches in the 90s. held on our town hall, was meant to be a big national tour. we were the first stop, they got banned after the 2nd event.

bare knuckle, no weight classes, no rounds (ko or submission), only rules were no eye gouging and don't touch the balls.
it was fucken brutal.

also started with 16, then 8 winners fought, then 4 winners, then final.
so you had to win 4 fights in the one night to take it.
concussion protocols? never heard of her.

anyway, my point is it shows America is the land of opportunity. my country banned it, but the US just said maybe add a few more rules. and now look at it.
backyard brawls is now a legit sport in the White House backyard.

I'm not a big mma fan, but I think its fantastic.