Many young people today think civilization may not exist when they’re of retirement age
Lori Rodriguez, a 27-year-old communications professional in New York City, is not saving for retirement, and it isn’t necessarily because she can’t afford to — it’s because she doesn’t expect it to matter.
Like many people her age, Rodriguez believes climate change will have catastrophic effects on our planet. Some 88% of millennials — a higher percentage than any other age group — accept that climate change is happening, and 69% say it will impact them in their lifetimes. Engulfed in a constant barrage of depressing news stories, many young people are skeptical about saving for an uncertain future.
Young people blame climate change for their small 401(k) balances – MarketWatch, May 25th
For many of the unwashed, younger folk, they have fallen victim to their education and Netflix viewing. Many believe on a visceral level that the world won’t be around by the time they reach retirement age.
Many alt-media followers don’t bother to plan either
This MarketWatch article, which was forwarded to me by a subscriber, got me thinking about the alt-media and its effect on their followers.
Specifically, my observation is that many followers of the alt-financial world are not properly planning for the future. Why bother if the world is going to collapse? The elites promote the survival prepper shows, because that is how they want their viewers to plan. Plan for the collapse that always seems just around the corner. Now, that is exhausting, which, of course, is the intent.
I recall the William Cooper podcasts from the early 1990’s. He was preaching systemic economic and market collapse and warned to get into gold and silver. While gold and silver have moved higher in those subsequent 25-30 years, those heeding these warnings have paid a terrible opportunity cost. Think of all the better performing assets, especially those that spin-off income like real estate, businesses, or stocks. Mr. Cooper’s intentions may have been genuine, but it is difficult to claim he was objective when his largest advertisers were gold dealers and survival supply sellers. But most of the alt-media financial experts have conflicts-of-interest and are often disingenuous. They have to promote their particular bias, because it generates revenue for them. If they change their minds as the evidence rolls in, they lose subscribers and money.
I have corresponded with many people my age and older since I started this blog in 2016 and most of them regret heeding the advice of the so-called experts in the alt-media. The past 30 years have flown by very quickly for me and I am grateful I broke free early on from the fear the alt-financial media engenders in its unwitting victims. But breaking free takes discernment and independent thought. I no longer heed the advice of Martin Armstrong, Steve Quayle, Alex Jones, RT, Zero Hedge, Daily Reckoning, KWN, or the agenda shills like Jim Rogers or the Sovereign Man. They all sell fear and catastrophe and bank on you listening, so they can peddle their products and services.
I get it; the world is a Talmudic toilet bowl. I produce for this blog, because on many levels I have already effectively withdrawn from society. I no longer work for others nor run a business. My friends no longer really communicate with me and my wife will not discuss this stuff with me as she views it too disturbing.
The problem with this toilet bowl is that the vast majority of humanity prefer this brand of toilet bowl to all the previous toilet bowls. Since many in the Christian remnant have convinced themselves that Jesus is coming back in the next decade, they don’t bother to properly plan for the future. They latch on to the advice of the internet prophets, but will most likely be severely disappointed when Jesus doesn’t come to right the ship as anticipated. This disappointment will manifest when they are older and broke. I recall all the money I spent last decade on prophecy and survivalist conferences. What a waste for me, but the promoters made money.
We need to plan for the most likely outcomes. Our courses of action cannot be based upon some future outlier event. We need to take the proper steps now to ensure our long-term financial survival. This philosophy will provide us with the flexibility we need as our circumstances evolve. Ironically, those who are planning for some event that will most likely never appear, will be the least able to handle that event.
The future may be a morally bleak one, but imagine how bleak it will be if we are broke and older and then need to depend on the system in the future. That is one sobering thought.