Bernie Sanders Could Be 46th President of the United States – Millennials’ only hold 3% of total US wealth – January 29, 2020,
Well, it’s Wednesday, January 29, 2020, I like to date my posts for my own convenience to see if my predictions come true. You can research many of my predictions like Donald Trump becoming the U.S President, and Justin Trudeau getting a second term as Canada’s Prime Minister even though the Feminist, Liberal Socialist, Progressive Prime Minister got caught wearing blackface, degrading women and being involved in multiple different political scandals, democracy thought it best to give PM Trudeau him a second term.
Democracy, after all, is mob rule, the republic is what protects individual rights and freedoms, which is why as an investor, the first thing you should learn is that your investment should be profitable when you purchase it. You don’t vote with your dollars for something and hope your investment will get better later, no, it’s better to investigate the people you’re investing in. If I invest in the retail sector I try to experience the retail outlet for myself in several different locations, how is the customer service, how is the return policy, what are the business systems in place to handle a variety of issues that will eventually arise, this, of course, allows me to know who and what to invest in.
I hear Libertarians all the time talking about owning Gold mining Stocks, well, a lot of Union types are employed buy mining companies, which is why I personally would never want a return to a Gold Standard, because the people involved in the sector would have the green light to Unionize if they haven’t already. This would, of course, force the cost of money up and I bring this up in conjunction with the Federal Reserve holding the Fiat Money Interest Rates states because the world ahead doesn’t look good for Millenials.
Fed holds rates steady, affirms commitment to higher inflation | CNBC
Millennials'(Born between 1981 – 1996) only hold 3% of total US wealth, baby boomers (those born between 1946 and 1964) collectively owned 21 percent of the nation’s wealth and Generation X (born from 1965 to 1980) wealth was just 9 percent!
At 35 Years Old
- Millennials (Born between 1981 – 1996) have 3% of Americas Wealth
- Generation X (born from 1965 to 1980) had 9% of Americas Wealth
- Baby Boomers (Born between 1946 and 1964) had 21% of America Wealth
Now, I personally know what the problem of the global economy is, however Generation Zers (people born after 1995) have for the most part in the developed world similar to most Most Millenials grew up via Socialists Unionized Baby Boomer and Generation Z Public Sector teachers who taught them how to be obedient to their social and Political master teachers, who have taught them that the rich minority, got rich by exploiting the poor.
Now, of course, anyone with common sense knows that in order for most unionized teachers to hold onto their grip of power they must create a school curriculum that keeps their students inline and not ONLINE! Now, the world has evolved but the school curriculums have not, in fact, many Western PUBLIC Schools are deteriorating and the one which aren’t deteriorating are pumping out a chunk of Liberal minded students who are approaching voting age.
By Liberal minded students I mean these students, have no concept of the real world, many of these 18-40-year-old adults genuinely believe that there’s some magical untapped wealth in America that’s lying dormant in which the Government can simply pluck out and equally distribute to all of its deserving citizens. The belief is that this can happen without hard to the U.S economy.
Andrew Yang and Bernie Sander have from my experience a different appeal to young people. These two politicians along with Alexandria Ocasio-Cortez have managed to tap into the inner socialist of America’s youth, many of whom either consume a lot of Leftist popular culture or look at their public school or college and university professors as the only people’s opinions they trust. There’s a fiction on the part of the Trump supporters that the youth don’t want to upset the applecart. Although Baby Boomers and Generation Z assume that they’ll be protected from a Bernie Sanders Presidency, the reality is Bernie Sanders could be the trigger of the economic crash whether he wins in 2020 or if someone like him wins later.
There’s nothing normal about near-zero percentage interest rates, while on the retail side credit card and mortgage companies start at around 4% interest rates, of course, with those interest rates millennials and GenZers are owning less of America’s wealth. In real capitalism, there is an equal opportunity, however, what we have now is unionized capitalism, which is protectionism and this unionized capitalism in which the public and private sectors are able to merge almost openly, people don’t call this fascism anymore, now, because the racist element is removed, instead of Fascism, it’s labeled Democratic Socialism.
Democratic Socialism = Mob rule socialism – The Hippies Took All The Money
So, in case most people forget, hippies, which are like the hipsters of the modern era, were in many ways consider communists because of their Progressive views. You have to understand in order to enact any form of forced global economic change, you have to do things in increments if you look up most labor movements, their ties all lead Communism, price and wage controls whether you like them or agree with them or not, once instituted lead to distorted free enterprise system. If you look at the history of the federal minimum wage, you’ll notice that as it rose so did the cost of living. As price controls started to funnel their ways through the economy, the people who got in early benefit while those at the bottom of the pyramid suffered.
Now, although Bernie Sanders will make the suffering worse for those at the bottom of the collectivist pyramid, what could come out of it, is an economic crash which hopefully makes people question old ideas. I like Donald Trump, but he’s a little too smart for the average person to understand. What I mean by this is the maintaining of the Trump economy will be a difficult undertaking, Donald Trump is a very good leader and is a historic figure, however, a lot of The Baby Boomers and the Gen Xers on the Left are very stupid and entitled people who may vote simply to bring back the Jimmy Carter and Lyndon B. Johnson years.
Bernie Sanders is a hippie and it wouldn’t surprise me if a socialist wave overtook America during the 2020 election. I have to be honest it makes me laugh just thinking about it, knowing that the U.S economy will not only crash, but crash hard if there’s even an inkling that Bernie Sanders could become President, but I don’t see a Bernie Sanders Presidency as entirely a bad thing, he’ll be an educator in the sense that sure there will be idiots who think that the stock market crash via some conspiracy theory, but there will be a lot more people who will do their research and understand that it’s Bernies Hippie policies that would have made investors withdraw their investment in the U.S economy. Even the Democrat establishment can see the writing on the wall if Bernie Sanders wins.
Even when Hilary Clinton was pushing for Universal Health Care agenda, investors like me, know of the PRIVATE companies she was going to make trillionaires. It’s not like Canada’s Universal Health Care is FREE (LOL)! The Canadian dollar is lower than the U.S dollar at the expensive of Americans for a reason, but if you genuinely think that Bernie Sanders can wave a political magic wand and make things better, well, you’ll learn things the hard way and that’s fine with me, because sometimes tough love is the best love. Bernie Sanders makes me sleepy, for his supporters seem reinvigorated by him and being that Millenials globally have little to look forward too, it’s realistic to me that they’d want to shake things up a bit.
Lastly, although some Millenials and Gen Zers will get an inheritance from their Baby Boomer parents, the reality is many more people won’t, the unfortunate thing about raising the cost of living is that inheritances aren’t only taxed, but they can be quickly consumed if left in the wrong hands. In an era of normal interest rates, a person could simply leave their inheritance in the bank to collect interest and live off the interest payments, that’s not the case in this era of near-zero interest rates.
In this era, if you receive an inheritance and you have no income, depending on the amount, you’d be wise to invest it into something, because in most instances banks aren’t paying more than 3% annually. $1 million at 3% that equates to $30,000 annually which might sound good until you realize that your cost of living might leave you in the negative really quickly. Now, I was generous with both the amount and the interest rate most people will get for investing their money in a secure investment. Typically, inheritances are spent quickly by the recipient who if they’re not dependent on it, won’t have a reason to even touch it.
Student asks Bernie Sanders about ‘failures of socialism’ | cnn.com
Answer the question to yourself if you think Unionized Government Workers will work for free? Because all of Bernie’s proposals require humans to work for money! Now if health care and education is an economic ‘RIGHT’ wouldn’t it be wise for those employees of the government to unionize and drive up prices?Now if more U.S citizens are paying and guaranteeing the salaries of more Unionized Government workers, could that possibly be the reason why housing-related costs are so high for the working classes, while those who don’t work and don’t pay taxes(the real tax cheats) get housing subsidized by the government via welfare checks?
The minimum wage, after all, is an excuse not to work. I’ve always been opened to raising the amount of income tax payable to the government, but you see the working might visualize those who don’t work a wee bit differently wouldn’t they if the minimum wage took the unemployment excuse away from perpetual consumers of the U.S welfare system.
The Government workforce is just as greedy if not more greedy than the Private Sector, the difference with the Government workforces is that most Government workers aren’t willing to work for free or work at a market wage.
In Canada, there is no indication that current Prime Minister Justin Trudeau would have been able to survive economically with his lifestyle, without his family name and the family fortune. This is typically the reality of most people who become reliant on inherited wealth, typically they have the privilege of viewing the world from a position of economic entitlement.
Michael Bloomberg Is Open to Spending $1 Billion to Defeat Trump | nytimes.com
Answer the question to yourself if you think Unionized Government Workers will work for free? Because all of Bernies proposals require humans to work for money! Now if health care, and education is an economic ‘RIGHT’ wouldn’t it be wise for those employees of government to unionize and drive up prices?
Now if more U.S citizens are paying and guaranteeing the salaries of more Unionized Government workers, could that possibly be the reason why housing-related costs are so high for the working classes, while those who don’t work and don’t pay taxes(the real tax cheats) get housing subsidized by the government via welfare checks?
The minimum wage, after all, is an excuse not to work. I’ve always been opened to raising the amount of income tax payable to the government, but you see the working might visualize those who don’t work a wee bit differently wouldn’t they, if the minimum wage took the unemployment excuse away from people. The Government workforce is just as greedy if not more greedy than the Private Sector, the difference with the Government workforces is that most Government workers aren’t willing to work for free or work at a market wage.
In Canada, there is no indication that current Prime Minister Justin Trudeau would have been able to survive economically with his lifestyle, without his family name and the family fortune. This is typically the reality of most people who become reliant on inherited wealth, typically they have the privilege of viewing the world from a position of economic entitlement.
Bernie Sanders is a career politician, a disruptor, no real experience in the private sector, Bernies supporters pay his bills and the bills of the people working on his campaign. In Bernie’s mind fixing the U.S economy will be easy and he already has rich to blame in case he fails. Bernie and his legacy will be fine, it’s his ignorant supporters who will suffer. But hey, sometimes things have to get worse before they get better, so if Bernie could be the next president those of you who know the inevitable that will happen to the stock market and the economy, prepare yourselves and your families accordingly.
Interesting times ahead!