Mish: "something has to give".

Mish is out with more data pointing out what I think should be completely obvious by now even though I know many would say we still have some kind of chance to change things if we work it just right.  After reviewing the data, he concludes, "Fewer and fewer workers are supporting more and more retires. Military spending, Medicare, Medicaid, and other entitlement costs have soared out of sight and not about to stop. In addition state pensions are a disaster area in spite of the massive stock market rally.  Millennials have now taken over as the largest demographic group but they cannot possibly pick up all the associated costs. Something has to give.".

Mish is correct, something has to give.  But what?

Of course, I think I already know the answer and I have been posting it in these pages for many years now.  Since you can't squeeze blood out of a turnip, the millennials cannot pay.  They don't have the money that the boomers have.  They have smaller jobs and live smaller lives.  There's not a danged thing wrong with that IFF one is truly happy at it.  But this is not about want or don't want, like or don't like.  This is about can and can't.  The Ms don't have the money to pay for the retirements of boomers and everything the boomers have grown accustomed to including wars to nowhere and the promise of a good life in retirement despite having failed to save anything and failed to have the children that could possibly make up for that lack of money.

Said another way, the system only cares about who has the ability to pay, period.  Ms don't have the ability to pay.  Boomers can pay for awhile because of what some have in their retirement accounts but as long as we live under a fake money supply whose value is controlled by a political agenda, the boomers have to understand that they will be targeted for liquidation.   The government doesn't just want their assets, it requires their assets in order to stay in power because once the credit dries up we will see the tax man show up on our doorsteps demanding that we all dig deep so that uncle sam can try to keep its unkeepable past promises.

At least that's the way it would have to have been if we had real money.  Uncle sam would have to come into my house and stare down the barrel of my rifle and hope that the amount he was demanding was not enough for me to shoot him in the face over.  In other words, with real money in the economy, uncle sam would go on a diet really damned quickly because it is very hard threatening people who hold no fear of you.

But we don't have real money and so the boomers will be robbed by law and by decree.  Very few of them have the wealth that they think they have because very few are invested in hard currency (gold and silver).  Paper assets are sooooo easy to seize and paper money is so easy to devalue.  Paper contracts and agreements of all kind can be defaulted on by proclamation.  And so most boomers will pay simply by never receiving what they were promised.  It will be ugly and the kids will have to watch.  But only the boomers have the ability to pay so let there be no question as to who will pay.