/biz/ - Business & Finance

>>28178189
Most people have no conception of why things happen
Just “huh?? Things bad now?!”

>>28178189
>their generation was retarded
all generations are retarded
personally, I think the biggest problem they have is not understanding just how dogshit the modern economy is
sure, jimmy the zoomer has an iphone and a laptop while he makes $17/hr at a computer repair store, but grandpa made $19/hr as a union machinist in 1975
$19 in 1975 is worth roughly $92 dollars today
$17 today was worth roughly $3.51 in 1975
there is such a severe mental disconnect when it comes to discussing shit like this with older generations

>>28178649

A lot of stuff we buy is produced cheaper, but essentials (housing, pensions) give more cause for worry, is my impression.

>>28178365
Its baffling, I feel like today at least you get more of a public reaction to market forces though. Take gig culture for example despite there still being plenty of garbage Mcwage jobs out there. Most generations have cultural lessons but it feels like Boomers completely tuned out for the most part.

In a sane world, you would have seen soaring property values as huge pushes for development to build something that not only will mitigate 10%+ loss of buying power, but actually appreciates in value. You'd see people sitting their houses suddenly realizing they are rich and either selling or mortgaging to take advantage. But no you don't really see that till the 80s boom.
>>28178649
Yeah and they are so clueless about how inflation works on a fundamental level. They just think things are "more expensive" out of greed or something not that money is just less valuable and they always brag about working for "only" $5 an hour or whatever and conveniently forget to mention what $5 would get you.

>>28178189
The Cold War taught boomers that the world could end at any moment for reasons completely outside of their control, so the best thing to do was to get drunk and try not to think about it.

Its not like they wanted people to know about the greatest theft of the 20th century. They couldnt just go read that shit on Infowars or 4chan.

>>28178777
Yet the 60s were way darker but they still gave more of a shit. After putting a man on the moon in '69 they had no reason to be so tuned out.
>>28178882
Noticing rapid price hikes on literally everything in quick succession isn't something you need 4chan to figure out. Not to mention this was compounded by the gas shortages and literal breadlines at petrol stations.

>>28178762
>You'd see people sitting their houses suddenly realizing they are rich and either selling or mortgaging to take advantage.
The problem is that you can sell your house for a profit, but then in order to live somewhere you still have to buy one of the other oversized houses. Recently my mom told me how some relatives sold me their house with 100 or 200k profit, idk it just seems retarded.

>>28178882
This is unironically true. It's barely possible to overstate how much, before internet, everyone lived in the same consensus reality dictated by newspapers and tv. Just go ask your parents about iraq wmd or something and you'll see.

>>28179025
You sell in your inflated area and then move to where it's cheaper. It's more of a retirement thing, because before retirement you generally have to live where your work is.

The kikes sure played them huh
Glad our generation is waking up... Oh no it's just as retarded

>>28178882
>They couldnt just go read that shit on Infowars or 4chan.
Maybe they should've spent more of their time perusing the non-fiction section of their local libraries instead of pulling their puds to 1200 word newspaper op eds and shitty Tom Clancy novels.
t. grandson of a George Wallace voter

>>28179025
I'm more of a fan of re-mortgaging smartly, but there is something to be said to press your advantage and move to a cheaper but developing area or say your kids moved out so you can get something smaller or even a condo in Florida or some shit.
>>28179125
Retarded, but involved. And there are more pockets for accurate dissonance now than ever even if its far from a majority. In the past people who were angry didn't really know what to be angry at and just made edgy music scenes.

>>28178736
Meaningless trash and trinkets are cheap but important, meaningful stuff you need for a normal life are insanely expensive.

>>28179025
>oversized
*overpriced, d'oh

>>28178189

>Boomer dad always asking me why I dont buy myself "A nice little car"
>Have to constantly explain that I have no practical need for a car, buying a used car in cash would take a full year or saving, and an auto loan would hold me back financially
>"You're already in your late 20's anon. Why when I was in university I worked all summer job and bought my own car"
>What car was it?
>"A Plymouth Duster"
>You bought THAT? IN ONE SUMMER? While in university and living on your own?
>"Yes! why can't you?"

They just don't get it

>>28178365
>“huh?? Things bad now?!”
Its amazing that most people dont even try to figure something out but instead go like „I dont think you could ghange stuff even if you wanted“

>>28178189
>not realizing that boomers were the original holders

>>28179931
And to add insult to injury those cars were made much better and more solid, usually by domestic factories.They were expected to last indefinitely if you kept up with the maintenance thats why you still see some 50+ year old cars running today.

>>28178189
what you fail to understadn is that your peaks in the graph are onlly for a few years and all it does on the general population is increasing the prices of the few good they buy. So instead of paying their errands 100 USD, they pay 110 USD and basically nobody gives a shit about this, especially since they had lots of disposable income>>28178649

Over the few years they perhaps lost 1k of purchasing power, but that's all.

People worry more about the price of oil and houses, and rightly so.

>>28180446
>People worry more about the price of oil and houses, and rightly so.

>>28178189
No shit. It would be extremely hard to get redpilled pre internet.

>>28178189
Information moved a lot slower back then and information sources were much more monolithic as well.

>>28178189
If they only knew about BORINGDAO

My dad gets strangely defensive when I point out flaws with the CPI lmao

>>28180446
>Cost of Living in 1967
>Average Cost of a new house in
>1967: $14,250
>1979: $62,900

Imagine this is 2007 to 2019 and pretend this isn't fucking insane. A couple thousand dollars my ass. The fact Boomers don't remember this shit is...there are no words.

>>28178189
>Goddamn their generation was retarded. Completely complicit in how things are now.
For their defense, the internet and its gigantic amount of knowledge did not exist back then.
What you would have know without internet?
People who are totally oblivious of this nowaday are far more retarded, if you think about it.

Boomers aren't shit because they fucked up everything for us. They are shit because they won't aknowledge that.

using dhedge will at least let you keep up with the collapse of that economy i'm sure

>>28180271
All I want in life is a house and a late 60s, early 70s muscle car, ironically the only two things I'm completely priced out of

>>28180774
They dont want to accept that they were pretty much born into the perfect time and that all of their wealth is not due to their hard work but simply due to a corrupt government that implemented a pyramid scheme with them as the middle class, and blacks and every generation afterwards as the peasant class. Boomers are lazy motherfuckers who would break under the yoke of the modern times but their self worth revolves around upholding the image of fairness and equality, because theyre largely narcissistic and can not fathom a world in which they are not good people for being given the chance of building their wealth before inflation ate up everything.

>>28181202
>blacks
>anything but a net drain
you lost me there even though you are almost correct

>>28181190
I’d say forget about the car for now. Drive a Honda and focus on the house.

>>28180790
>The fact Boomers don't remember this shit is...there are no words
i'm sure to many of them that was just how things worked
the majority of boomers would've been braindead teenagers in the late 60s
they were the ones gaining in wealth, so it would only be natural for them to not notice how much things were changing

>>28178189
>>Talk to Boomers who were adults during the 70s
>>Ask them how they tolerate the insane hyperinflation after Nixon abolished convertibility for gold
>>Ask them if they panicked bought assets to try and maintain their wealth
>>They give me a dead fish-eye stare and have no fucking clue what I am talking about
>>"Well I kept money to my savings account if that's what you mean.
>Goddamn their generation was retarded. Completely complicit in how things are now.
NIGGERS
NIGGERS is what you get tiger

>>28179931
are you literally not rich from crypto already? youre just as dumb

>>28181322
Your personal ideology should not interefere with arguments.
Blacks never had a chance to amass wealth as the boomers and white people in the US had for generations, they were literally kept out of real estate, then were put into prison for drug use, their labour wages were inflated away and taxed into oblivion. You dont have to like black people, but if you dont want to understand how the system was built to actively destroy them, I think youre just dishonest.

>>28178189
I understand dude but how can you honestly blame boomers this much when they had no internet or free flow of information back then? People of every generation are retarded, even millennials and Zoomers had the internet their entire lives and access to every information imaginable and they are STILL retarded as fuck and think socialism is a great idea, they STILL think their college tuition is expensive because the government isn’t putting enough money into it (when it’s the exact opposite)

Zoomers literally have FOMO panic attacks when there isn't a nigger in their movies

>>28181531
I never said I didn't like black people dude but you have a nothing argument and it has nothing to do with my original point that "no one got wealthy off of blacks" except indirectly as a political tool but its completely beside the point.

Also you are wrong on most of your points but this isn't /pol/ and its a waste of effort to try and convince you otherwise so I'll stick to the /biz/ aspect.

>>28179931
>Muh Netflix
>Muh monthly data plan
>Muh avocado toast
>Muh daily $10 coffee
>Muh chinese cartoon figures

Yup, it's definately your parents fault that you are bad with money.

>>28180446
it is true though that inflation hurt poor people, but back then the middle class was really the middle class with a real salary. Inflation is also an obsession of the rich who whine they yatch will be cost 10% more.

>>28181593
>Zoomers had the internet their entire lives and access to every information imaginable
No they dont
If your born after 2000 chances are you never got to know the real internet, only the boomerregulated social engineered chesspit we have now

>>28181807
Still can't make 30000 dollars in one summer without cheating with stocks and crypto.

>>28181531
>labour
the negrophile britbong exposes himself for all the world to see...
>>28181698
remind him that whites who make $25k a year have better credit scores on average than blacks who make $75k a year
they tend to get rustled when you point that out

>>28178649
Bro, you’re not thinking like a rich person. That’s a good thing. Take advantage

>>28181698
The argument is that inflation enriches the ones that already hold valuable assets. Blacks were not able to be part of that class because up until the 60s and 70s they were openly discriminated against and were not given lucrative positions because college tuition had to be paid for and many colleges did not even accept black people up until the 70s.
Then Nixon and Kissinger started to undermine the black community even further because they knew they were mistreated and that they were used as cannon fodder for US wars, mainly Vietnam, because boomer's parents didnt want to send their kids there to do the dirty work. They started to push in crack cocaine and cracked down on black people, prisons were privatized at the time and it was in the best interest of their owners to have them at full capacity.
You can not possibly argue that away, it's historically accurate. The fact that black people are a net drain on the economy is because of centuries of racism that were never (and could not ever) be forgotten or even attempted to be removed, so their wages couldnt keep up and the government's money that pays for black people in prison goes straight to the "white people's" net worth.
This racial divide bullshit is easy to see through, especially for Europeans who have not had to justify centuries of slavery by arbitrarily making up rules and names for themselves and others to categorize them.

>>28181858
Let’s assume you’re right (I don’t) then how do you explain millennials who are arguably more retarded?

Some people live their entire lives with their head buried in the sand and don’t bother learning how the world really works and just hope and pray the wind doesn’t blow in their direction

>>28181807
Expresso makers are like 500+ USD you faggot. $3 for triple shot is fine

>>28182030
You're almost a self parody lmao. Not a single original thought of your own just straight regurgitation. Not gonna bite do your song and dance where someone gives a fuck.

>>28182142
You are not a very smart person, do you think that regurgitating racism is your original thought? You are literally quoting a pol infographic. You are cattle.

>"well back in nineteen eighty one mortgages had 18% interest! Yes houses were 18,000 and of course we paid it off within a year but oh it was just terrible!"

They also never make mention of how everyone was a violent, psychopathic retard from leaded gasoline because people still don't know this somehow

>>28181807
>People do that
I don't know a single person that buys coffee at starbucks or eats toasts with avocado, and most people i know have netflix instead of cable which is cheaper, retard.

>>28182197
Pretty sure I didnt say anything racist or even mean let alone an infograph but you are in shitpost mode so you can't see anything other than strawmen.

>>28179931

Wtf I purchased my first car for 3k about four years ago. What are you talking about "a full year of saving"?

>>28181104

Yea fair point, I would've been lost without the Internet. Zoomies and Millenials today have no excuse.

>>28182280
You brought up the networth by "race" infograph by quoting the net drain of the "black race" on the US economy (not a big surprise considering the fact that the US ruling elite has done everything in their might to keep racism alive and well, because it sowed distrust among the wage slave cattle).

>>28181531
Faggot

>>28181823
inflation largely hurts poor people who dont even realize their purchasing power is diminishing, you midwit. Especially since they cant just dump their money into assets which in clowns world are green no matter what

>>28181858

>If your born after 2000 chances are you never got to know the real internet, only the boomerregulated social engineered chesspit we have now

this. Their brains are also fried on dopamine hits from their favourite apps. I'm not jealous of people born after 2000s

>>28181698
>irrefutable argument about black people being cucked by government and being made to stay poor

>hurr durr this isn't /pol/

never change, /polack/

>>28182391
Yeah because racial division is something entirely artificial and unique the USA lmao. Yep tell me about your BBC fireworks display, Nigel.

>>28178189
It did not really matter back then. Workers got bigger share of the growing cake.

>>28178649
Nah the boomers are especially retarded. They somehow managed to go their whole life thinking holocaust is real, 9/11 was some muslim scheme hatched out of a middle east batman cave because they hated ARE FREEDOMS, and that jews are our greatest ally. Literal decades of nigger cattle thinking that they still hold onto today.
Boomers are brain damaged retards and 100% of them are NPCs. Every day I wake up in the morning, think about how thousands of boomers died while I slept and smile.

>>28182197
You're a gay nigger faggot.

boomers in general lack awareness of the fundamental problems we face, and their cause(s). this is simply because boomers never felt the consequences of any of these problems, because they lived/worked during the golden age of the united states of america (1950-2001).

>>28182466
>Every day I wake up in the morning, think about how thousands of boomers died while I slept and smile.
Thanks for this tip I am going to start doing this as well.

>>28182454
Oh, so youre just a polcel after all? Who would have foreseen this? I love how you faggots always act like nobody is racis here xd
Just shut the fuck up and go back to your echo chamber

>>28182030
nixon wasn't anti-black
he supported integration he just hated hippies

>>28181531

They've had 60 years at least to start amassing wealth, but it hasn't really happened at all, has it?

>>28178649
and then they wonder why young people are voting for socialism/communism lol. it's hard explaining that corporations/outsourcing have completely gutted the economy and the jews control everything meaning even if we know it's wrong to want socialism/communism we have no choice because at-least we get some gibs as opposed to the current form of (((capitalism))) where we get nothing at all.

>>28178189
I'll like to shit on boomers but I trhink most people are like this.
being an 'informed voter' takes effort, It makes me lose faith on democracy.

>>28181858
>you never got to know the real internet
What is this "real internet" you're talking about? I'm in my forties and I remember the internet being mostly pretty shitty in the late 90's, which is what I assume you're referring to, but most of what did make it good is still there and active today. You can still use usenet and IRC and you can still find dedicated forums for whatever you want. And nowadays you can even go to onion sites which is pretty cool and not something that was around back then.
The internet of today is only "bad" if you never stray from google and social media.

>>28181807
Oh no, not 6 dollars in monthly expenses when converted to 1970 money, half of it being a modern phone and plan needed to even get or keep a job. While also no being on call 24/7 while boomers would just be unreachable once they walked out of work.
Such opulence

>>28178189
12-15% is not insane hyperinflation

>>28182564
Thats a mere 2 generations, and even today we can see, even in this very thread, 3 racist polcels. You think youre some kind of minority but its the norm. I am not saying that I dont get where youre coming from, but youre sheep, youre falling for the ruling elite's game just as much. Blacks havent had a chance to catch up at all, and the few that did are just there to appease the white liberals in corporate America. Again, black people are discriminated against, you are openly admitting to it even, but at the same time you want to pretend they have every opportunity to just buy a house and amass wealth, when they cant even get a foot in the door, literally.

Boomer wealth is in their housing. Housing is THE biggest wealth generator for their generation.

The younger generations are completely locked out of the housing market in many major metro areas where all the jobs are.

Who's gonna be the bagholder for boomer houses though?

>>28182391

It's not racISM that's the issue it's race BAITING. Which I agree the elites are responsible for. Race baiting means no one can be critical of destructive and unproductive elements in the black redneck culture, like they can for white people.

>>28182673
uncensored. 4chan is about all that's left of the mostly-open internet. try mentioning the last names of multiple hedge fund owners on ANY other business forum, and see how quick you get a ban for anti-semitism.

>>28182684
Lmao, imagine believing this. This is called runaway inflation and in every nation that isnt super rich and powerful it would quickly spiral out of control. The US is fucked.

>>28182698
>You think youre some kind of minority but its the norm.
You must really enjoy being brazenly incorrect. Help help a racist just flew over my house!

Lol imagine thinking blacks are poor because "muh racism" and not because niggers are violent animals with an IQ less than 80, desegregation is the worst thing to ever happen to blacks and then Democrats made them reliant on gibs and got Laquisha to kick her baby-daddy out of the house leading to several generations of fatherless, weak, emotional, overcompensating niggers that seek out gangs for support because the jews glorify thug life in pop culture because niggers are a golem jews use to destroy white america.
The WSB transplants need to go back.

>>28182673
based boomer.

Also buy shares in NZ WIND FARMS.

>>28182791
>4chan is about all that's left of the mostly-open internet
Holy fucking shit I laughed so hard at this. Maybe that dude was right, you kids really have no idea what the real internet is.

>>28182791
>4chan is about all that's left of the mostly-open internet
4chan is currently among the worst existing imageboards today, are you fucking serious?

>>28182767
I am not arguing. But the fact is that elites love it when the working masses - the proles, the plebs, the slaves - are not trusting each other. Literally 90% of all americans should just on the pretext of policy, vote for Democrats. I am not saying that theyre not corrupted pieces of shit, but the republicans are literally just "vote for rich people so we can pretend that you have the same opportunity"
Republicans are a party for cognitive dissonance.
I understand that racism is easy and that it's easy to hate someone after going through a thread of niggers beating up people like a bunch of chimps, but in the end theyre victims as well. Because even though it gets memed a lot, humans are by and large capable of the exact same things. Most are average cattle that just want to live their little lives.
I just hate disingenuity.

>>28182698

Why do you think "discrimination" would stop people being able to earn money and build wealth? Certainly hasn't stopped the Jews.

>>28182974
Do you have any points that are accurate and relevant rather than takes from a 19th century Jewish aristocrats pet theory about society?

>>28183006
Jewish people werent discriminated against in the US because the US relies on "white vs black" dichotomy and white people in the US are ethnically super diverse, which is why the classification is bullshit. So Jews had it far easier to assimilate and to get into businesses. They also often did change their names. Blacks cant just call themselves Bradley O'Sullivan and pretend that theyre 3rd generation Irish.

The thing is that people can not just simply overcome racism and discrimination because theyre powerless against structures that are societally ingrained and politcally enforced.

>>28182801
Hyperinflation is something specific and hitting 15% is not it

>>28183025
I believe I adressed you before polcel, you are a dishonest little cretin who can never accept defeat. Just go back to your echo chamber and collect some upboats.

>>28182974

The fate of black people is up to black people, whatever happens. I don't think everyone's at the mercy of the opinion of white people.

>>28182974
Different ant colonies do not live with each other for a reason.

>>28183025
he can't possibly think about the bonds of tribalism
that would be racist and that would be the worst thing in the world
that would be like committing a holocaust!

>>28178189
Your a retard. Hyperfinflation is a meme perpetrated by goldbugs.

Interest rates where the highest they have been in decades in the 70's. All that boomers had to do was earn money and put it in the bank and they where fine.

It's much worse now, try and get any kind of wealth generation when interest rates are less than 1%, housing costs extremely high versus wages and stock prices at historic price to earnings ratios (therefore overvalued).

>>28183162
It is when it goes on for over a decade within otherwise low levels you fucking mong.

>>28181807
You are an NPC

>>28178189
Boomers are a retard generation and their wealth didn't come from being smart or economic power but from stealing wealth from the future with debt. What else is new

>discussion about boomers and generational wealth
>three different incels start talking about the jews and blacks again
Imagine being this brainwashed by the things other virgins tell you on the internet. Completely and utterly incapable of talking about anything without whining about blacks/jews. If black people and jews didn't exist, you'd still be a virgin and you'd still be poor. ngmi

>>28183119
I know a good deal of successful Nigerian immigrants. Wonder why they weren't affected by "white privilege" or some other shit. Fuck off.

>>28182948
what's a better one in your opinion?

>>28183380
>I have the anecdotal evidence!!!1
ok

>>28178189
The extent of their awareness of inflation was "Gee whiz, the groceries were $3.50 last week and now they're $4. Guess I'd better save some more money."

>>28183385
Nice try, faggot.

>>28178649
I remember discussing years ago with my guitar teacher about this.

The Gibson 335 was released with a price tag of 335 $. At the moment of our discussion, it was over 3000 $. He was rambling how American brands were too expensive and the only things in the 300 $ range were shitty Chinese knockoffs.

Out of curiosity I looked for an inflation calculator online and realized that the shitty Chinese guitars of the 300 $ range would've been about 40 $ in 1958. The bottom of the barrel Chinese 100 $ guitars would've been about 12 $.

The original Gibson 335 was more expensive, but barely.

That's when I realized: inflation was fucking people over. People are nowadays poorer than they were 60-70 years ago, it's just that chink shit and food are so cheap to manufacture that it can easily be covered. Meanwhile wages keep going down.

But what will happen when production can no longer hide the truth?

Thanks for reading my blog.

>>28183373
At worst they'd be dead via competition for females but more than likely we'd still have almost everyone getting married off to each other at a young age.

>>28182197
go be a nigger somewhere else

>>28183491
Well youre just giving the basic picture of what inflation does to a population that relies mostly on wages.
Wages would have to go up by 7-10% every year to even make up for the lost purchasing power. Even if people could save money, it's purchasing power just inflates away because 10% of the population own all the debt and have the 90% pay it off.

>>28183482
Well, you are here, faggot, so I can conclude that you are just full of shit and no better imageboard exist.

>>28183534
Enjoy your ban incel.

>That gosh darn jimmy carter had no business being president

>>28183491
Oh yeah shit is gonna get nasty real fucking quick and all the billionaires are gonna jettison off to mars or some sit while the millionaires try to create some semblance of order and control until they are torn apart by the mobs. A bunch of wealth grabs and money going here and there and then just utter chaos until we hard reset (if we survive to that point)

I'm being dramatic of course but you get the idea.

>>28183602
He is a polack schizo who thinks you want to invade his safe space with "muh free speech" where saying nigger and kike is upvoted and not a reportable offense.

>>28182466
Most based post I've read this last decade
also checked

>>28178189
It was a lot harder to invest in the past so things moved slower, and also cash and bonds got you a long way until recently. It has become the new normal over the last 10 years to dump all your money into stocks because It's the only thing that seems to make returns nowadays (and is making those returns purely because everyone else is dumping their money in, ergo pumping a bubble). If cash interest and bond yields were at 4-8% like they have been historically (as opposed to literally 0%), the SP500 would only be like 2000, if that.

>>28183373
Inflation is literally a made up concept jews use to cover for the central banks siphoning out the worlds wealth to their (((fellow people)))
The Holocaust wasnt real but it should have been.

>>28183602
You do that, anon.

>>28183491
christ your English is fucking awful

>>28183819
His English is fine
no idea what the fuck you're talking about

>>28183761
inflation is literally what happens when the central banks steal your buying power dumbass. its not made up a monkey can figure out 1 dollar today is worth less tomorrow and that someone is to blame.
>>28183819
He sounds like a native to me and you sound like a seething esl

>>28183705
>He is a polack schizo
Where was that implied? Obvious raid is obvious.

It’s the bank’s inflation that’s fucked everything up. Central banks suddenly saying your cash is not worth less because we said so just to make their currency competitive against the dollar, when they stopped backing it against gold so it’s literally just fucking paper. Fiat is the biggest Ponzi scheme going and boomers let it happen.

>>28183482
>Wants to say reddit is better
>Knows he'll be laughed out of the thread if he does
You have to go back.

>>28183665
I am sorry, but your pic is EXTREMELY optimistic.
USA is already losing its superpower status with chinks, krauts and snow niggers electing your presidents.
I cannot imagine why you would recover and not dissolve into several countries over the next 20 years.

>>28183701
Billionaires wouldnt hold any power if they leave earth. Their asset are all just a gigantic bubble pumped with expectations.
The only actual power that people can wield after a breakdown is to uphold law and order over a certain amount of land that is fertile enough to feed you and your buddies

>>28183915
>worst existing imageboards

>>28183882
Zoomer esls are old enough to post on 4chan now and they have a huge chip on their shoulder about us natives not speaking English the way they expect us to and are always whining about it. I've noticed it many places. If they mention the word "English" its probably some pajeet or slav especially these hours.

how much of inflation is a result of americans being retardedly opposed to paying taxes?

people demand social programs but then when it comes time to pay for them they throw a tantrum so their politicians just use inflation to make the government debt less burdensome instead. so they still pay the price in the long run with the loss of their purchasing power, they're just not aware of it.

They didn't care because they had huge wage inflation in a booming economy. Agebracketism is a very low IQ thing, OP.

https://www.reddit.com/r/CRYPTOPUMPCLUB/

reddit has actually organized a crypto pump subreddit lol

>>28183819
Si.

As much as I hate boomers and our (((financial system))) hindsight is 20/20 and it's easy to say they're retarded if they aren't rich today. I'm just hoping crypto will be to our generation what housing was to them - and kids in 2060 will be complaining about how easy we had it because all you had to do was throw a couple thousand in bitcoin and now it's worth millions.

>>28182030
>believing niggers aren't actually inferior
the CIA did nothing wrong

>>28184067
You need a lot more luck, savvy, and bagholders to win at crypto whereas Boomers just had to live normal lives to make it and most of them fucked even that up by having their wives work, divorce, drugs, ect.

>>28184020
Zoomers continues to impress me with their retardedness
t. ESL boomer

>>28183955
You asserted 4chan is among the worst. He said to post a better one. You don't want to answer, because you know you are from a board that is broadly considered far, far, far worse due to its curated posts, upvote/downvote mechanics, and shadowbanning mods.

Put up or shut the fuck up nigger. Post what you consider a better board. Because this is the only one I can call you a faggot nigger on and not be banned because I offended some queer's feelios despite my offensiveness being incidental to my core point, so this is the only board that has any concern at all for free speech in lieu of protecting feelings. That's why I consider it among the best.

So post yours, faggotnigger.

>>28184252
They're fucking nuts dude, they will argue you down till you are convinced you don't speak your own language as well as they do lmao. They are like insane projecting levels of insecure

>>28184192
>haha, le based nazi, i am just like him xDd!
You are literally the redditors of 4chan

>>28179247
What do you mean by accurate dissonance?
Politically involved young people just want free stuff, which contributes to inflation

>>28178189
This is why defi interest bearing coins are the ubi compatible future. Ubi funded by speculator asshole tax. Fuck .05% interest that a bank generates when it gambles with your money. Get 7%. Clay handed golems need a helping hand.

>>28184221
Yeah no doubt but you forget that most people on this board are in a significant place of privilege to be able to throw thousands into crypto not expecting for it to have any real world use or value for several years, if not decades, when it's something like 50%+ of the US don't have enough savings to cover an unexpected $500 bill.

>>28184345
yeh how many times do you upvote those soviet memes, comrade?

>>28178189
>their generation was retarded.
Are you fucking retarded? Look at this generation

>>28178189
>>"Well I kept money to my savings account if that's what you mean.
maybe this is also the move in this case

>>28184556
Every generation is retarded. It's the ruling class that matters.

>>28178189
If you ever wondered why bread and milk are subsidized to keep their price low, well, now you know.

>>28182466
boomers are dumb because they lacked evolutionary pressure to be smart. it's hard to stress just how much widespread prosperity fucks up your mind. when you don't ever have to think for your life to be fulfilled, all but the wisest men stop thinking

>>28178736
>(housing, pensions) give more cause for worry, is my impression
so what's gonna happen to them?

>>28184299
I see someone is quite annoyed he won't get to ruin another IB. Just remember that these are your moderators.

>>28182030
and you now you have the same people fucking over black people with libshit policies that will only hurt them in long term
diversity hires etc will ruin the west and all the biggest success of these policies is racial tension
and while some anons may disagre with me on that i belive that White men benefit from all the shit they getting from the media and gov
and reason for it is that they need to seek alternatives to the system with making them creative and sucesful at the end of this whole shitshow they will once again be at the top ... almost as one other group of people kinda ironic

>>28184649
Can't spoof property value especially back when most people still bought in their 20s.

>>28184407
>50%+ of the US don't have enough savings to cover an unexpected $500 bill.
because they are fuckin retarded. I'm from country that is much worse then USA economically. I managed to save money over the years by not being a complete moron retarded impulse buyer. And i still treated myself here and there, i do not live like a youtube mininalist or a hobo. If i managed to do it here, where annual wage is like 6-7k usd, you fuckin piece of shit americans who can't do that have only themselves to blame. Talking about this as some kind of priveledge vs poor real people is like those sjw articles discussing how ebin whitey oppresses saint shitskins by it's pure existence alone.

>>28178189
I don't think you can comprehend how little information was available pre-internet.

>>28183897
>a monkey can figure out 1 dollar today is worth less tomorrow and that someone is to blame.
You vastly overestimate the intelligence of the average person. Their lack of fur and ability to speak English is pretty much all that separates them from the lower primates.

>>28179310
>Meaningless trash and trinkets are cheap but important, meaningful stuff you need for a normal life are insanely expensive.
This is what many boomers don't get. They see current generations with things like televisions that the equivalent 40 years ago would have cost a months wages and think young people have plenty disposable income and are just waiting their money (well, latter part is true). They're missing the fact you could buy a family home for the equivalent of a couple years salary or less.

>>28182673
disagree. mid-30s here, hopped on the internet a year after eternal september, and i remember a rich ecosystem of local forums and widely different cultures
it was like every place was its own 4chan. matter of fact, i heard about somethingawful and 4chan in the 2000s and thinking those places were way too mainstream and boring. and they were, compared to local communities
social media has snuffed the life out of smaller places. do they still exist, yes, but there's not the same mindshare there used to be. and too much of "global" internet culture (twitter/facebook/reddit/twitch/4chan) seeps everywhere now, whereas moving from one community to another used to be like moving countries
even 4chan is but a pale shadow of 90s internet. here every other anon has some common history of runescape, world of warcraft, habbo hotel, newsground, and so on. i remember browsing the internet for years and speaking to thousands of people before even meeting one person who was into these things
current internet is good if you're closer to the normalfag spectrum and like the feeling of belongness that comes with familiarity everywhere, not so hot if you miss the spirit of exploration and experimentation that came with early internet. crypto has some of that pioneer spirit, ironically in part thanks to a combination of turbonormalfags who are still sheltered from even common internet culture, and thirdworlders who face geographical/language barriers

>>28184825
Kinda tired of this. People had closer ties to people they knew in person, that they could trust, and were usually kin. We had libraries, newspapers, a not-yet-entirely-useless academia, experienced professionals, columnists, actual grassroots politics, ect

Boomers just cared more about getting high and fucking around like it was all one big party. Then they put on their big boy suits in the 80s when they needed to settle down so they could royally fuck us.

>>28184694

Pension funds will croak under high inflation, housing idk, don't know anything about that market

>>28184821
It's not just America it's the same throughout the whole West. I'm Aussie and here it's something crazy like 70% of the population don't have more than $1000AUD in the bank. A big part of it is just that the most people are morons but there's a lot more at play and it isn't as simple as hard work and pull yourself up by your bootstraps and you'll make it.

>>28182030
Democratic reforms and policies led to the downfall of the black population.
Racism and slavery are not excuses for why they are poor today, literally one geberation out of slavery most individuals were married and with kids, and had an actual increase in their standing in gdp.
Jim crow laws were just as bad as forced desegregation brought by the civil rigts movement. Both seeks to control the individuals right to choose or whete to spend their money. The civil rights movement is what started the marxian nightmare we have today, leaving blacks with a victim mentality and a dependance on government. Anyone who actually supports these programs are tmracist, they belive these people are ao inferior thst they cannot lift themselves up without help from the public.
Tbese policies literally increased the hates towards blacks rsther than decrease it.

>>28179310

Exactly, that's what I was trying to get at. We have all this stuff, but have to worry constantly about fundamentally much more important things

>>28182974
>falling for political theater
What an embarrassing and ignorant post. I am thankful to live in Texas, a very Republican state. Low taxes, low regulation, a lot of people open businesses. It would be even better if the federal government got the fuck out of the way and ran the country more like Texas. I genuinely hope they succeed one day as it would increase everyone’s take home pay by at least 25%. It seems many other people enjoy this type of governing, as they have been moving here in droves over the last 20 years when they finally get sick of being abused by control freak Democrat’s high taxation and regulation policies.

>>28184821
>because they are fucking retarded
No its because the fed created such a fucked economy that people are just scraping by. Blaming it on billionaires and whites rather than the fed.

>>28185173
complete schizo rant
>if you tell people not to be racist, that just makes them more racist, so just let them stay racist
great argument champ

>>28185218
Your going to be blue as soon as la raza comes of age. Tick Tock.

>>28185218
>the best part of my republican state is the libertarian values.
Gee fucking wiz i wonder why

>>28182555
Nice argument retard lmao

>>28185308
Quite possible. Same with Austin spilling out all over the place.

>>28178189
When will you austrian spergs realize that inflation is actually good in most cases and during the great depression there was massive deflation?

The reason why Boomers weren't worried is because they didn't have their money tied up in financial assets, and their wage growth was strong.
Inflation of 12% (which isnt hyper inflation you retard) only hurts asset holders who make their income of nothing (like us lol). Reagan fucked this by making an economy where ordinary people get their wages squeezed whilst rich people get richer and richer.
Inflation is at a historic low because we have zero demand push inflation as ordinary people don't have a growth in the real wage.

>>28185380
its almost like bullshit ideologies mean nothing and there is something more viscerally relevant to the human experience HMM mysterious.

>>28184703
Nobody cares about your secret jerkoff subreddit, retard. Fuck off since you refuse to stand by an opinion, like the pussy you are.

>>28185306
do you offer them more than you empathy? is the black comunity doing better now after these laws or worse?

i strongly belive people like you do not realy care about the problem but rather you just want to feel good

>>28185306
If you tell people that blacks get funding from the government and everyone has to pay for it you create a growing hate towards those who are dependent on it.
>if you tell people not to be racist.
Nigger you don't even know what that word means. It means believing a race is inferior or inferior to others. Stop promoting that american blacks are so inferior they need a fuckig leg up from everyone else.

>>28182142
I was about to respond to that garbage, but you put it well.
The beauty of the lie that all humans are equal forces many of us to prefer it over the truth even after being exposed to it. Truly, that's the best NPC litmus test I found.

The comrades from UK in this thread and his little butt buddy from reddit who can't stop talking about blacks despite no one really mentioning or caring would be funny if they weren't so arrogant in their massive ignorance of both history and socioeconomics. The African american population was 5x wealthier and better off because of it after ww2, on par with white Americans, until the advent of minimum wage, gun control, subsidized abortion and social safety nets, policies that most here don't realize and others prefer not to remember were created directly to attack the growing wealth in African american communities. These policies were instituted by the socialist left to undermine the growing prosperity in america, torment a double class/race divide upon which they could say look we need more socialism and further their own power for the rise of international bankers on the backs of american wealth and output. The part that really irks the reddit boys though is that these policies were targeted towards blacks, but open to everyone, yet blacks, better still american blacks, were and still really are the only ones whose entire culture and history has been destroyed and coopted for political expediency.

>>28185306
Democratic policies with good intentions created the issues the black population have today. Good fucking job creating a class dependant on the state and brought to the point where they can't function independantly.

>>28185548
And they have 100X more wealth than niggers in Africa or Haiti. I'm from the UK too, not all of us are cucked.

>>28185081
>i heard about somethingawful and 4chan in the 2000s and thinking those places were way too mainstream and boring. and they were, compared to local communities
This. 4chan, somethingawful and ebaum were like the equivalent of twitter, facebook and reddit. Obviously not that bad, but those were "the" sites everyone used. I preferred smaller niche forums. I even had one myself with a few hundred active users.

>>28178649
no, not all generations are retarded. generations go through cycles or archetypes. survivors, heroes, soft spoiled bitches, victims. i talk to my friend all the time about money and buying power. he was born 1920, he knows FDR fucked america when he took us off the gold standard and tried to steal all the gold. he had to hide the little gold coins he had in a wall. people from his generation were hard as fuck. food wasnt guaranteed in the great depression you had to earn it. his generation wasnt retarded. you had to be smart to survive. most people from his generation were smart with money. they were not frivolous spenders. they knew how to haggle. they would never order uber eats delivery every day while renting some piece of shit studio apt for $2,000/month. he still pays for everything in cash and counts out the fucking pennies when handing the cashier at the supermarket the money.

>>28178189
You’re fucking stupid as well. Do some research. Savings accounts were paying out 7%+ on average. We have to claw and scrape to get that kind of return on crypto or stonks. They got it in their savings accounts. Passively. Year over year. Who cares if there’s inflation? You’ll have twice the money in 7 years regardless.

You utter fucking brainless twat

>>28183363
"Go in/call and ask if they're hiring" is legit and only socially anxious zoomers would think otherwise. I had people come in to my job and ask and got a call once and I always told them yes, but nearly none ever applied

>>28182698
You are a paragon, a fucking real life personification of Dunning-Kreger.

>>28182466
Dangerously based my friend.

>>28185680
ATOM has a 5% APY on coinbase
boomers btfo :^)

>>28185647
goddamn FDR was a twat I can't believed he pulled that shit off when assassination was considered a political viability lmao

>>28185719
Yeah, zoomers just get triggered by this advice because they're literally too mentally ill and lacking in social skills to call a stranger in the phone. But that's what actual successful people do.

>>28185726
And youre a real life personification of the angry polcel.

>>28181807
yup
cry baby lil biatches
wawawawawa
da joooos
da booomers
da sheeet skins
video game playing internet baby's.

>>28180271
Dude modern vehicles on an average (even american and european vehicles) are far more reliable than cars even a couple decades ago. They're built lighter to increase fuel mileage, and arent as "solid" because having crumple zones is way safer in an accident at high speeds. Even a majority of foreign brands are manufactured in the US and Canada.

You literally sound like a boomer.

>>28178189
Then again they had like 15% interest rate on their savings account back then.

>>28185994
>>28186039
You have to go back.

>>28186150
The only one that needs to go back to their reddit tier echo chamber are you bucko
>>>/pol/cel

>>28186150
no u

>>28186059
they're safer but with the amount of electronics built into them they depreciate like a computer does.

>>28186090
AHHH those fucking bitches how is this country so shit now? Fucking 15% you could retire at 30 if you lived frugally and worked hard without dependents.

>>28186059
>far more reliable
>piece of shit VW puts P L A S T I C timing chain guide rails in their engines

>>28178189
Yeah why couldn't they just google it like you? Why not watch a youtube video or read wikipedia article? Those dumb boomers relied on tv and newspapers in the 70s, what the fuck was wrong with them, just use google.

you dumb fuck

>>28180646
what does this graph mean?

>>28186243
>>28185994
seems like you are the one who did get triggered let me ask you again do black people doing better now or do they actually in worse position after all these democrats policies were implemented

>>28185994
Having to degenerate your argument about ideology to lack of sex with what I assume you think is a clever contraction of pol and incel. You truly think you are right when you have no words to argue but the burning desire to respond and all you can come up with is "polcel"?

>>28186341
>its another zoomers can't comprehend that people had reliable information channels before wikipedia episode
so tiresome

>>28182466
Incredibly based and dare I say redpilled

>>28186059
I think the other anon was romantasising the past a bit, but I don't agree current cats are particularly reliable. Certainly safer and they perform and handle better, but peak reliability way probably early 90's jap and vw just before they started putting in computers.

>>28186453
People just banged rocks together and drew on the cave walls before wikipedia, everyone knows this.

>>28186418
>>28186387
I dont know who is jewing who anymore.

Unironically boomers are a pretty retarded generation. How many old fucks do you know that "cant believe how bad things have gotten" and "have no idea when things got so bad" yet were pretty liberal their entire lives until now bc they dont like being called privileged by niggers? Plenty. Every single boomer Trump supporter who "will never vote Democrat again" is someway complicit in why we are here, they only chose to stop being faggots recently. Ask them about shit like money, they dont know shit about investments and things like that. They could put their shit in the bank with an interest rate of like 15%. You put 20k in a savings account now and youre making 10c a year. All these Qtard boomers lived a carefree life only to realize that the ship is headed towards an iceberg too late. Learn from their regret, dont wait until youre old and your grandchildren are half niggers to take a stand against the kikes

>>28185336
Their libertarian values have been completely ineffective at the federal level. What’s worse is that they point the finger at Democrats and play the victim card instead of considering that their ideology is a failed mess at the highest form of government while their state continues to get picked apart. Though I hope for their success in gaining more power, I am aware that it’s only hope and hope isn’t enough.

>>28182466
>Boomers are brain damaged retards
strong irony is emanating from this post

>>28185088
>People had closer ties to people they knew in person, that they could trust, and were usually kin. We had libraries, newspapers, a not-yet-entirely-useless academia, experienced professionals, columnists, actual grassroots politics, ect
Total delusion if you think this was on par with the information available today. You could read books with outdated information, consume mainstream media and that was pretty much it. If you were fortunate enough to know the right people then fair enough, but most people didn't.

>>28181807
This is bait, but I do find it funny how boomers list food and drink (avocado and coffee) as something that's supposedly comically non-essential.

>>28183436
>Niggers have low IQ, commit ridiculous crime, and are a net drain on the economy
>"NO YOU DON'T UNDERSTAND IT'S BECAUSE RACISM!!!"
ok

>>28186651
dude your internet us curated by false consensus and futhermore if you arent actively setting out to be a dissident, everything in that "fee flow of information" will censor or outright lie to you. sure, if you know where to look and have a very discerning mind you can find the truth but its rediculous to expect that of young kids growing up on like 3 sources of information

Boomers had family, friends, colleges, neighbors, community, and a wider acceptable political discourse to interact with. You could find objective facts free of political slants in books and draw your own conclusions. You could talk face to face with professionals and ask questions and get a feel for if they looked a little ratty in the face and were acting too evasive, ect.

You simply are a fool who can't fathom a paradigm other than the one you grew up with.

>>28182466
>this is your brain on /pol/

I have zero hope for the future

>>28178649
Understanding takes effort and detracts from their "accomplishments", so of course they don't want to understand.

>>28186816
>food and drink
Surely this is also bait? They're specifically referring to a particular fruit that in most cases is handled and imported at considerable expensive and coffee flavour milk drinks that are being made and served to you at 10000x mark-up. They're not talking about bread and water.

>>28178189
What were you expecting? Most people don't know jack shit about what's going on around them. Especially back in the 70s when there was no internet and the only info they received was whatever they were told in the papers or on the news.

>>28178189
What's your solution, OP?

Side question: My wife and I gross approximately $200k / year, and we are about to buy an old 3BR/2BA Single family home 1 mile from the ocean in a nationally rated town in Florida for $375,000. The house sold for $220,000 in 2015 but the owner proceeded to put at least $50k worth of work into it (New roof, new HVAC, complete landscaping). Are we going to lose our ass in the next 5 years or are prices going to continue to go up?

>>28183819
t esl

>>28179104
And after you generally live where your bloodline is.

>>28186944
>Boomers had family, friends, colleges, neighbors, community, and a wider acceptable political discourse to interact with. You could find objective facts free of political slants in books and draw your own conclusions. You could talk face to face with professionals and ask questions and get a feel for if they looked a little ratty in the face and were acting too evasive, ect.
Sorry but you're basically writing a nostalgic fiction here of what you imagine things were like. Most people went to work, read a mainstream newspaper, did chores and watched tv. It wasn't some intellectual halycon era.

>>28187086
I dont know anyone who regularly eats avocado toast other than my Gen X mom cause she tried it once at a cafe and loved it. Coffee is less than $4 if you go for espresso which most middle and lower don't do every single day. Regular coffee is like $2 for a large fancy brewed one or $1 from McDonalds or cheaper brewed at home. Most people consider coffee and tea a fucking basic expense.
>>28187279
Clearly, that goes back to my original point that Boomers were willing ignorant morons who could have given a shit but didn't. You are moving the goalpost.

>>28178189
It was because interest taxes were high back then.
Also,
> <14%
>Hiperinflation
First world problems... I am Brazilian late X/early millenial who lived the 80's. I saw my currency change its name 5 times, a monthly rate of >80% and eight 0s being cut AMA

>>28185384
Agreed.

At the end of the day, inflation of the USD is a good thing (for the US). Whenever the fed prints money, the only losers are the ones bagholding the USD - this is primarily foreign countries that we we are indebted to. E.G. - we give the Saudis and IOU for $100 trillion for their oil, then just turn around and print that money. In the end: we got the oil and they got the USD, worth only a fraction of what it was when we closed the deal - an easy win for us.

The best thing is - they can't do shit and we will keep winning. Every pleb in countries all over the world accepts, and will work for, the USD. And if there was ever a legitimate threat to the USD - we would just nuke it out of existence.

Plus - there is no reason you can't benefit from this as well. Just go into USD debt and immediately buy neutral / deflationary assets. Now the debtor is bagholding your increasingly worthless USD and you have an asset that you will only need a fraction of to make good on your debt in the future.

>>28187454
Yeah, same as how people now generally stick to getting information from Facebook and Twitter. The point is it's that easier now to access information. Even using your examples. In the 70's you'd have to drive to a public library in a fairly large city, navigate through indexes to the topic you want to learn about, pick books somewhat at random since you don't know which ones are most useful. Today you just Google "books on x subject" to find out which are considered the most authoritative then download them as pdfs in the space of five minutes. That's not even scratching the surface of his much more readily available information is more. Like I said, you're delusional.

>>28185384
>When will you austrian spergs realize that inflation is actually good in most cases
explain

>>28187086
It should be reasonable to afford fresh fruit (and vegetables, and meat). I'm not talking about caviar. I know you probably don't mean to suggest it, but it's not unreasonable to expect to afford more than bread.
>10000x markup
I suppose that's actually half the joke, that it's priced absurdly in the first place, but actually it's conflated with the fact that young people do actually need to buy food.

>>28178189
>"Well I kept money to my savings account if that's what you mean."
Yeah, because that savings account was paying 15-20%

>>28178189
>They give me a dead fish-eye stare
>when they give that dead fluoride stare
I think you might be onto something

>>28187086
In what world are avocados expensive? Post hand

>>28187761
I'm not saying boomers are right I'm saying it's retarded to consider avocados and starbucks an essential. But if you're triggered by that then you probably do waste money on overpriced nonessentials, desu

>>28187896
>In what world are avocados expensive? Post hand
Compare the price of an avocado to a banana or apple, anon. Or the price per calorie compared to rice or beans. No, avocados are not expensive to me personally obviously.

>>28178189
The ones who bought their own home unironically got comfy despite being ignorant

>>28183491

>>28187757
>https://bristolpound.org/the-miracle-of-worgl/
this isn't inflation, but the effects are similar

>>28182030
Blacks in europe are a net drain, too. how do you explain that away?

>colleges di not even accept them
wrong, White colleges did not accept them, as is their right. blacks were free to found their own colleges and universities, which they did. of course the folks graduating from those were at the level of white high school grads and thus the degrees from these institutions proved worthless in the job market.

>>28187927
Well, whatever happens to me in life I won't regret eating good food and varied diet—not luxury food, just stuff that's not far beyond basic survival. Otherwise I'd just drink the onions and eat the bugs.
>starbucks
Let's not confuse affording food with eating out.

>>28188061
i don't like avocados and even I think this boomer meme is worn out
avocados are no more a delicacy than a peach, pear, or orange
if this wasn't the case, then taco bell would charge you extra to slather their disgusting guacamole sauce all over the insides of their burritos

>>28183491
>The Gibson 335 was released with a price tag of 335 $. At the moment of our discussion, it was over 3000 $
That means it's worth exactly the same when you account for inflation. That's why boomers think today's generations are spoiled because they didn't have chinese knockoffs they couldn't afford as much trinkets so their perspective is skewed.

>>28188511
>>28188552
What's your point, boys? You seem to think I'm advocating for the boomer argument that zoomers are poor because they spend money on avocados and starbucks. I'm not. Although those things are a waste of money if you're a poorfag, obviously.

>>28181807
Okay Boomer

>>28181531
Niggers are parasites. Go back

>>28188765
Oh not saying that's you're position, I'm just making the point that it's surprising that boomers consider buying food as a standard obstacle for affording a house. It's not, as you say, it could only possibly be an obstacle for the poorest of the poor.

>>28180271
let's not get carried away, modern cars are much safer and more efficient (though at the cost of aesthetics). the older ones were easier to work in though

>>28184407
amerimutt here. The reason for that is because most of us are retarded and think leasing a vehicle/electronics/having every streaming service known to man is essential. If people torrented their entertainment and drove $3,000 cars, almost everyone would have an emergency fund

>>28184345
Cringe

>>28189003
Yeah, boomers and zoomers are both right, and also both retarded. Boomers don't get that they had a huge advantage in terms of purchasing power for things like education, healthcare and housing. Zoomers don't understand that consoomer goods were 10x more expensive for boomers because everything was made by unionised American labor, not Chinese slaves. Some of them (hopefully not biz) don't understand why it's retarded to spend $10 at Starbucks every day when you only get an paid $20 an hour.

>>28182466
Lmao this is sadly accurate as fuck. Obligatory take your meds schizo

Fuck I missed out on such an epic boomer hate thread

>>28189144
It's sickening that there are people currently on this site that call you strange when you say you don't stream in any form. They seem to be in the majority now, even.

>>28186371
NGMI

>>28180271
this is delusional lol, those cars were always shit and poorly made. You still see them because
1. they made fucking tons of the things
2. they're easy to repair

>>28178189
The reason boomers seem 'stupid' to zoomers and milennials is zoomers and milennials are in fact stupid and getting more so.

IQ dropping
Average IQ scores declined by six points. However, children aged between five and 10 saw their IQs increase by up to half a point a year over the three decades. Flynn argues that the abnormal drop in British teenage IQ could be due to youth culture having "stagnated" or even dumbed down.

No doubt cavemen would find writing 'stupid'.

>>28189264
No, boomers were not retarded however you are

https://www.weforum.org/agenda/2018/06/iq-scores-have-been-falling-for-decades-new-study-finds/

>>28181531
This is 100% correct

>>28178189
my brother in law is an idiot with money, he wants to buy his boomer grandfather's house since his boomer grandfather owns multiple homes and this particular home is just sitting unused. it's in a low cost of living area. my brother in law makes $18/hour. his grandfather wants $200k for a house he bought 30 years ago for pennies on the dollar. his grandfather pretty much fell into money just by existing, enough to buy houses for his 3 children and to currently own multiple homes himself. blows my mind to imagine that sort of prosperity just from existing. no million dollar business ideas, no professional training or college education, just dumbshit work for 30-40 years yielding material wealth that would take me 2-3 lifetimes with a professional career.

>>28178189
>OMG how did you handle 15%????
>boomers are stupid, entire houses cost $20k back in the day
>dogecoin squiggly go down, I’m ruined

Zoomies are the epitome of min/maxing

>>28189616
Flynn is an idiot who doesn't understand anything about statistics or who exactly started getting tested when scores dropped.

>>28189737
>Zoomies are the epitome of min/maxing
Mostly min.

>>28189667
Please try to read and understand what I said rather than seething.

>>28187643
What did your family by and hold in order to not go poor the next morning from depreciating bank notes?

>>28178189
or perhaps average people are not that greatly impacted by monetary policy issues. I mean I know in fact that they are but to them, life goes on. I mean look at the 2008 mortgage crisis. If you watch the big short movie, you could swear it was end times shit happening....yet still people are buying expensive homes they can’t really afford. Nothing has actually changed, shit just got shuffled and remixed but essentially nothing changed.

>>28189823
An analysis of some 730,000 IQ test results by researchers from the Ragnar Frisch Centre for Economic Research in Norway reveals the Flynn effect hit its peak for people born during the mid-1970s, and has significantly declined ever since.

"This is the most convincing evidence yet of a reversal of the Flynn effect," psychologist Stuart Ritchie from the University of Edinburgh, who was not involved in the study, told The Times.

"If you assume their model is correct, the results are impressive, and pretty worrying."

The researchers sourced their data from the IQ test scores of 18- to 19-year-old Norwegian men who took the tests as part of their national, compulsory military service.

Between the years 1970 to 2009, three decades of these young men (born between 1962 to 1991) were conscripted, resulting in over 730,000 IQ test results.

What the results show is that a turning point for the Flynn effect occurred for the post-1975 birth cohorts, equivalent to 7 fewer IQ score points per generation.

>>28189823
>The researchers sourced their data from the IQ test scores of 18- to 19-year-old Norwegian men who took the tests as part of their national, compulsory military service.

>>28190112
thats why you saw them shut down GME so fast. overleveraged bad, illegal positions by billion dollar hedge funds (240% shorted are you joking me?). same shit nobody ever learns

>>28190369
>GME
>>28190216
>post-1975 birth cohorts, equivalent to 7 fewer IQ score points per generation.

>>28190369
>illegal positions

>>28182466
>9/11 was some muslim scheme hatched out of a middle east batman cave because they hated ARE FREEDOMS
Eh, it wasn't for freedumbs but it was because Islam is incompatible with the West.

>>28190032
>In the payday go to the money and withdrawl all money they could (no ATMs back then). Very long lines
>As soon as they could go to the supermarket before it opens to buy everything they could
>In those economic plans where they froze prices, which the obvious consequence of communism-like empty shelves, go to nearby city to buy meat
At the long term, it brought the consequence of average Brazilian be a spender rather than a saver (most who could afford to save would probably say something like this: "why should I save money? I don't know if I will die tomorrow!").
Meanwhile, I was "dumb" back then in saving my notes (calculating inflation in simple interest with 8 y.o. - my IQ is 132) in a chocolate box for buying G.I. Joe action figures. When they solved inflation problem with Plano Real in 1994 my saving habits became something good.

>>28185647
The fourth turning. Would have loved to hear your friend talk about his fourth turning/crisis/new cycle....since we are in our fourth turning waiting for the impending crisis before the new cycle starts again with gen A as the new boomers.

>>28181531
>your personal ideology should not interfere with arguments
your argument is based on your personal ideology.

>>28181914
jew credits are the point of argument most likely to be turned against you, desu. in fact, you have undermined your entire thesis and you dont even know it. sad, many such cases!

>>28178189
now inflation is like 2% and you are acting like how you wanted the boomers to act, somehow staying just as behind the times

>>28182030
based, nice to see someone with a decent grasp of history and economics

>>28181666
checked, satan

>>28187131
Does it matter? You will have a home with your wife and hopefully soome kiddos on the way. If it loses value in 5 years you will still have a home with your wife and hopefully some kiddos. Are you investing or are you setting up for family life?

>>28187131
you will be dumped on & proletarianized just like everyone else.

>>28183162
It hit 15% at some definite point before it hit 1000% in Weimar. Just saying.

>>28178882
some people were aware, my impression is that everyone knew but didn't care, in the same way that everyone knew that government was fucked but the negative effects of that were too obfuscated from them for anyone to care, the first time it started being clear how much the government running amuck fucked everone over was the Vietnam War, but by then it was too late, Americans tried to wrangle control of government but by that time it was too late, the gov had too much soft power and the western powers were too entrenched, since then it's just been decade by decade of slow realization that the US has been fucked for a very, very, long time

I blame protestantism

>>28183181
>Upboats
You're not fooling anyone. Many of the posts ITT are critical of jews and blacks. You can't do that anywhere else on the internet. These thoughts are literally banned elsewhere while criticism of white people is encouraged.

You're here because you left your Reddit safe space for le ebin Gamestop intel and discovered what bubbles to the top when people are free to speak their minds. Your ideas were shaped by upboats and mommy moderators.

>>28182466
Based

>>28191434
protestant is 99.9% to blame for the current state of the US

>>28178189
>>28178649
DAILY REMINER THAT IN 1969 A NEW HOUSE WAS WORTH 20K USD AND THE BIGGEST CASH BILL WAS THE 10K USD BILL.

YOU NEEDED TWO CASH BILLS TO BUY A HOUSE

MEANWHLE NOW THEY CLOSE YOUR BANK ACCOUNT IF YOU CAN'T PROVE WERE YOU GOT 30 USD AND POLICE SEIZE CASH ON ROUTES AND AIRPORTS FOR NO REASON.

FUCK BOOMERS WORLDWIDE.

>>28179931
Bro buy a damn car. If you can't afford one in your late 20s you're fucking up financially and missing out on life by not having one.

>>28189616
>>28189667
>Import massive amounts of people known to have lower IQ's into the Western world.
>Let people who are know to have lower IQ's out breed you.

Oh NO! Surely white people are getting dumber, it's not the masses.

Sarcasm aside, I don't know how much you know about this topic but you are wrong average IQ might be going down but not absolute IQ. Looking at a multitude of studies, a black child with two white adoptive parents with an average IQ raises the black childs IQ on average to 97 but interestingly enough when adopted by two white parents with a average of 115+ plus the black child remains around 97. Extremely rural white people with little interaction with modern technology has an average IQ of around 85, if I remember correctly, the average IQ of urbanized blacks is 88. Showing that environment does play a large role but genetics too. Most modern findings are saying that it's about 50-50 nature/nurture.

IQ's of non-rural whites have been increasing since the 90's very, very slowly and averages around 104. While blacks are increasing rapidly but bringing the average down for the entire population.

>>28182819
This. Sadly someone will read this and will think its not true. But if they do, its because they are already gone.

>>28182422
>irrefutable
>no support
pretty low standards.

>>28181531
Have you ever met an american nigger in your life you clueless bong? You have no idea. You don't understand anything, you just saw some white guilt BBC documentary and have a fucking opinion because of it. They've been given all the handouts and handups they could ever need over the last several decades and are still mired in poverty for the most part because they're retarded apes with no impulse control and no ability to delay gratification. You can offer a nigger a subsidized mortgage but they'd still rather finance a set of 22" chrome rims for their hooptie. They act like retards and blame whitey for all their problems. Total net drain on society

>>28182819
>t. 15yo chincel/wristcel

>>28191643
Disingenuous. None of these studies does or can control for variables such as nutrition while in the womb or during the early years, nor can it control for levels of stress pre-natal or during early childhood. Both factors have a negative impact on IQ.

Now, go outside of the USA. In South America there is virtually no difference between "races." Instead there is a difference between class, education and people from rural/urban areas.

In India there is a correlation between IQ and caste, in Israel there is a correlation between religion and IQ, in Japan the Barakumin people and their descendants have a lower IQ on average than the rest of the population. This all points to social standing having an impact on IQ.
>muh genetics
Two parents with high IQ are not guaranteed to have a children with high IQ. What's more, Flynn's effect still applies to minorities while it has stopped or reversed for white people. Just as education and reading has gone downhill.

Kicking all boomers out of office in the US would be the first step towards a better future.

>>28178189
They can only understand pain and it's your responsibility to give it to them.

>>28185719
We throw paper resumes into the trash or we tell you to apply online. You're showing your age here.

>>28192621
yeah going in is stupid, I found this out personally, even job agencies when I was younger, about 7 years ago, still took me to apply and ask in person, and employers were clearly annoyed, calling and asking if they're hiring is great though and everyone should do this

>>28190620
>Osama managed to hijack two planes which managed to completely demolish three buildings+the treasury audit part of the pentagon goyim.
>This happened just as there was a massive ongoing scandal where trillions of dollars were scuttled from the treasury.
>Larry Silverstein a jew who just happened to via cohenidence, buy the twin towers less than a year before the attack also just happened to Via cohenidence own a very expensive and comprehensive insurance plan that included terrorist attcks.
>Bloomberg data showed that on 6 September 2001, the Thursday before that black Tuesday, put-option volume in UAL stock was nearly 100 times higher than normal: 2,000 put options versus 27 call's.
>But that was also just wacky happenstance goyim.

>>28190620
>forgets about Kashoggi, Lauder, Kushner, Silverstein, Netanyahu
OK Joomer

>>28190620
ngmi

>>28182698
Literally every corporation in America bends over backwards to hire niggers. My company even has a "Chief Diversity, Equity, and Inclusion Officer". Just a nigger in a suit that gets paid six figures for being black and sending out an email blast about black history month once a year. You are such a clueless retard bong. Kys

>>28192269
Do boomers still make up a larger voting block then gen x, y and millennials combined in most of the US?

>>28193152
Millenials recently passed Boomers. Gen X is trending towards Boomer voting patterns though so its pretty even. Further Boomers continue to vote at higher levels than Millenials but I assume that will change quickly as Millenials are beginning to enter their prime earning years which means government policy will start affecting them.

>>28192230
>class in South America
= race
>castes in India
= race
>religion in Israel
= race

are you really that clueless?

>>28193622
Also Japan, lower castes in Japan are completely genetically distinct, as are Ainu

>>28190480
>naked shorting with stocks you dont own is legal

its literally against rules

>>28181807
is this a bait post because I feel for it
data plans are requisite for most jobs you need, you need to be available by email and phone at almost all times
I dont know anybody under 30 who doesn't split netflix at least 4 ways
you watch too much TV based in new york city or read too many opinion pieces if you think avocado toast at $10 coffee are common purchases
>anime figures
only bought by neets and people with fuckyou money

>>28183223
when interest rates are zero you have to make all your money in ponzi stock and crypto schemes.
Money is free if you can borrow at zero, just pump shit to the moon.

>>28192230
>In India there is a correlation between IQ and caste
>A caste system based so much on skin tone that it takes a phd in mental gymnastics to explain why race/skin tone doesn't play a role.

And you have the gall to call me disingenuous.

>Instead there is a difference between class, education and people from rural/urban areas.
I said this but I also pointed out how whites still have higher IQ"s.

>None of these studies does or can control for variables such as nutrition while in the womb or during the early years, nor can it control for levels of stress pre-natal or during early childhood.

So because ideologically you are opposed to the findings so you raise the bar to fit your narrative. Vitamin D levels are linked with Child IQ which would explain lower IQ's of blacks in the northern hemisphere but taking data from malnutrition from WHO and looking at IQ regression The Black-White international IQ gap remained virtually unchanged after controlling for Malnutrition.

The fact that you said it CAN'T control for malnutrition shows me how much of a scientifically illiterate ideology obsessed /pol/ack you are.

>Two parents with high IQ are not guaranteed to have a children with high IQ.

It's called probability, on average smarter people have smarter children. Genetics plays a role as does environment. That is why I said a urbanized black is smarter than a rural white on average.

>In India there is a correlation between IQ and caste, in Israel there is a correlation between religion and IQ, in Japan the Barakumin people and their descendants have a lower IQ on average than the rest of the population. This all points to social standing having an impact on IQ.

Rereading this I realized you must be a troll, you literally list two genetic factors then say is must be social standing. Fuck off for wasting my time.

>>28193369
>Gen X is trending towards Boomer voting patterns though so its pretty even
How much of a factor is the retirement bubble going to play in a few years in older gen x voting habits ? Or have most people in the US accept their getting a path on the ass and atta boy at 65?

>>28192230
>none of these studies rules out every possible confound, thus i can dismiss what i don't like

>>28189667
>test done in Norway
>boomers were smart
>people born in 1991+ are dumb
>Ignores legions of imported niggers

Immigration skyrockets and IQ plummets, really activates my Norwegian Walnuts

>>28178649
Yeah but that iphone and laptop would've cost 12 trillion dollars in 1975 so your point doesn't really hold much water.

>>28178189
The older generation thinks its totally normal to have your money locked away for decades and you can't touch it until you're close to dead without severe penalties. They think this is okay to assume they'll a. Be alive and b. The economy or the dollar will be worth a fuck when they retire.

>>28193016
he was just very lucky, anon. nothing to see here. if it wasn't lucky, would he have been a billionaire in the first place?

>>28178189
boomers fucked us all dollar is trash dead by years end

>>28178189
I despise my parents. They are practically financially illiterate, and they brag to me about keeping 90k in their checking account. Just know that the boomers are completely retarded, and that they have missed some of the largest financial opportunities in history. Do you know how easy real estate used to be? I'm a zoomer (18), and our generation is fucked.

>>28194240
They honestly care about preserving my "freedomz and democracy" to a retarded degree.
These are the same people who fear China despite the fact that our masters admire China and want a world just like it.

Der Boomer get to sit there and watch Tyrone pummel their fellow boomers in the old home, wondering why he was so racist to that nice negro

Social Credit Score coming soon

>>28194240
>The economy or the dollar will be worth a fuck when they retire.
Were did this mindset even come from, boomers weren't even born when the gold standard went the way of disco, yet paper equals gold how?

>>28194337
90k isn't a lot to have saved in a checking for an older couple. you should have about 6 months of your annual pay in a savings or checking account in case of emergencies. I managed to pack away about $25k in anticipation of getting shitcanned.

sounds like you're the financially illiterate one.

>>28182466
basado

>>28191625
dont liten to this guy. I bought a very nice nice car at 28, after driving a shitbox for 5 years and I regret getting a nice car. it really didn't help my image a single bit.

>>28185218
Why is gambling and weed illegal if Texas is so free

>>28194525
>democracy
Do US boomers know the difference between a democracy and a republic?

>>28178189
They called it the oil crisis. You ran out of oil so there was no way for you to accumulate gold anymore, you would have just bled out without leveraging your military power to set up the petrodollar.

>>28183819
You are definitely an aspie ESL. >2813491 is how normal spoken english sounds. ESLs are (typically) very easy to spot by how they speak, ESLs from different regions have different speech patterns. All chinese ESLs have similar speech patterns, so do indians and eastern europeans.

>>28183491
What guitar do you have? I play an Ibanez Jem Jr. There are definitely good values to be found in the sub $500 range.

>>28195326
Anglos are bad at English. They don't even realize they're using two different language groups at the same time or that most words are composites.

>>28188632
This. $335 back then would be ~$3000 today. A normal ES335 is worth between $2.5-4k. This only re-enforces the point of this thread. Boomers are stupid.