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March 14, 2018 - Health Ranger - Mike Adams
23:41
Why EVERY generation gets financially destroyed by a stock market crash
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It may sound like an obvious statement, but people don't have memories of things they've never experienced.
Right?
It's kind of an obvious, truthful statement.
Self-evident.
So, why am I saying that?
And by the way, welcome to the podcast.
This is Mike Adams, the Health Ranger.
You're listening to HealthRangerReport.com.
Well, it's because most of the younger people today, let's say people under 30, you know, we're talking about the tail end of millennials plus the next generation, whatever that's called.
They never experienced any kind of collapse or crash.
They weren't really old enough when the dot-com crash happened in 2001.
So they think that for the first time ever, tech companies have found a way to make money or to raise stock prices without actually making money.
They think that they're going to get rich by buying Snap and writing it up as the valuations get higher and higher and higher, even though there's no revenue model or they think Uber is going to do great, even though it's losing $2 billion a year.
These young kids, you might really call them, the kind of child minds, they think that their generation is smarter than every generation that's ever come before.
Of course, every generation believed this when they were, you know, 17 years old through 29 years old.
But because they haven't experienced any kind of a crash, they don't think it's possible.
And this is so true about every new generation that comes along.
And this is why stock market bubbles and crashes are so cyclical.
Because every new generation has to learn the same lesson that was already learned by a previous generation.
You know, for example, the Black Monday crash of 1987.
When that happened...
Many of us who today know what's going on, many of us were too young at that time to really know what was happening.
I mean, I was a teenager.
When that took place, I wasn't informed about the market, so it didn't mean that much to me then, even though I've studied it.
As history, so I understand it now, but at the time it didn't mean that much.
I didn't know what was really happening.
And the people that I did know who were older, who were adult investors, you know, they said, oh, it's just paper losses.
Paper losses, that was the phrase of the time.
It's just paper losses doesn't really count because it's just numbers going up and down.
Oh, really?
So you're spending real money to buy paper then?
So it doesn't count if the value goes up or down.
Huh, that's interesting.
It was just an excuse, of course.
But it's more than just stock market crashes.
Almost nobody alive today has lived through the real poverty moments of the Great Depression.
Very, very few people.
I mean, both of my grandmothers are still living.
And one of them is almost 100 years old, by the way.
And she's still super sharp.
She's a great writer.
She has a great memory, even almost at 100 years of age.
She lived through the Great Depression.
She lived in a tent.
She and her husband had to live in a tent.
It was part of a tent city.
That was associated with a factory job.
So you would go to work for the factory, and they would set you up with a tent, and you literally lived in a tent in a field next to the factory.
I mean, that is the kind of poverty that a lot of people went through who are really up there in the years.
So most of them are passed away at this point.
So there's almost no memory in our population of really hard times.
That's my point.
There's almost no memory of stock market bubble crashes in the younger generation, and there's almost no memory of hard times across anybody who's alive today.
Most people have lived through what can only be called good times, relatively good times.
And if you ask yourself, really, economically and mathematically, why have these been so-called good times?
I'm talking about from, you know, after the Great Depression, I'll say the mid-1930s, through today, of course, with World War II being a big slowdown, not a good time, obviously.
But after the end of the war, starting in 1945 and the economy taking off, you know, the roaring 50s and an economic boom during the 80s.
I know we had high inflation in the 70s under Carter, but that was short-lived and it became an economic boom under Reagan in the 80s.
And then the Clinton era of the dot-com bubble in the 90s was considered a boom until it crashed.
And then we had, you know, Bush and then Obama, who was a massive debt spender, which brings me to the point that one of the reasons we've had it so good all of these generations and decades is because The government has been spending debt money.
And if you're spending debt money, it's like getting an advance on your credit card.
You can party down.
You can buy things that you really can't afford.
You can live a lifestyle that isn't sustainable if you're living on debt.
And so you can make your present seem better than you've actually earned it to be.
But one day the debt comes due.
And when the debt comes due, which we're really colliding with now in America, then your quality of life is going to plummet.
Because suddenly you have to pay back all that money that you earned.
Suddenly your luxury mansion gets repossessed or your luxury vehicle has to be turned over because you can't afford the payments anymore.
In other words...
We as a nation have been living by spending debt money for generations.
I mean, at least since the 1950s.
And what's happened is over all this time, we've been spending more and more debt money.
The debt has exploded recently, especially under Obama.
It doubled.
From really more than roughly $8 trillion to almost $20 trillion.
That's what Obama did for us.
Spending money like it didn't matter.
But also Bush and also Reagan.
You know, Reagan raised debt spending the largest amount that had been seen up to that time.
But it was nothing compared to Obama.
I mean, Reagan was running deficits of a few hundred billion dollars.
I think like $300 billion one year, something in that range.
Whereas Obama would run, you know, $2 trillion in certain years.
So there's really no comparison if you're looking at the scale of all of this.
Nevertheless, we as a society have been living the benefits of debt spending and not thinking about the day of reckoning.
The day of reckoning, yeah, that's the day that you've maxed out your credit cards and you can't get any more advances and you're tapped out because you've asked all your friends and family members if they can loan you money and they've reached their limit.
You're all tapped out.
You can't borrow any more.
Your lifestyle is too expensive for you.
And now the whole thing has to start unraveling.
That's the day that's coming for America.
And when it does come, the psychology of especially the younger people will not be prepared for it.
They aren't ready for any of this to happen because they've never seen it happen and they don't even think it can happen.
They've never seen a dot-com crash, or even the subprime housing crash for that matter.
Many of them were too young to understand what was happening in 2007-2008.
So they're not psychologically prepared.
They think that if you buy Snap shares, you know, the Snapchat corporation that just went public, recent IPO, They think if you buy Snap shares that they're just going to keep going up forever and you're just going to magically make money even though this company really has no revenue model.
Sound familiar?
That's exactly what companies said in 1998 and 1999 and 2000.
It was like, oh, these tech companies, they've got eyeballs.
They don't need revenues.
Yeah, you heard that all over the TV, all over CNN and CNBC and all the financial analysis channels.
They were all saying, the rules have changed.
They were arguing that nothing needed to make economic sense anymore because these sites were popular.
And thus, somehow, these websites and tech companies didn't need to make money because they had traffic.
Yeah, they literally argued that.
Those arguments are now resurfacing again.
You know?
Here we are.
Essentially, 18, 19, 20 years later, from the big blowout phase of the dot-com boom, basically it's a generation later.
And so it's a generation of young people who didn't live through the dot-com boom and the dot-com crash, and they don't think it can happen to them.
Why?
Again, because they think they're smarter.
They think their generation is smarter.
Oh my God, they're so hip and they're so cool and they're so obedient and they all agree with each other.
And they all have consensus that global warming is real.
And they all think that the coolest thing in the world will be to merge with the machines and download your brain to a Google WebBot server or upload your brain, whatever the case may be.
And their world is going to get rocked.
There are many people, by the way, who are older, like myself and others, who know all of this is coming, and actually might be a little bit fed up with the arrogance and the ignorance of the millennials who seem to think that abundance comes without effort.
They seem to think that they are owed this incredible quality of life and that they don't have to earn it.
They don't even like to work at their jobs, by the way.
They're horrible workers.
They have horrible attention spans and they don't even have a work ethic.
It's a very, very odd generation.
But there are going to be a lot of older folks who are probably going to be quite happy to see a reality check for millennials.
Because millennials desperately need to mature.
They need to grow up.
They need something.
They need to experience reality so that they are shaken awake out of their delusional fake bubble of wrong thinking.
And so far, nothing has happened to that generation that would rock their world.
But it's coming.
And when it does, believe me, there are going to be a lot of older people who are like, uh-huh, we went through that too.
It was called the dot-com crash.
Or we went through that earlier in the 1987 Black Monday crash.
So that day is coming.
It's going to be interesting to see how the Generation Snowflake cry bullies handle this.
Are they going to, when all their stocks start crashing and they lose 99%, Are they going to cry on camera and go on YouTube like that crazy liberal activist did when Trump won and she was screaming about how she's going to kill herself and she needs an ambulance and she's not effing kidding.
This is probably what the millennials are going to do when their stock prices plummet.
They're going to film themselves crying and screaming and having a complete mental breakdown and they're going to demand that someone fix it because that's what they've been taught in life is They just cry and they just whine and they just demand that somebody fix their stupidity because the world is so unfair to them and they shouldn't have to work.
You know, this is the way they think.
So I wonder what that's going to look like.
It will be intriguing for sure to see it happen.
But it needs to happen for that generation to mature.
That's the point.
We don't want them to remain crybaby, crybully snowflakes for their entire lives.
That's not going to help them or us or anything.
God forbid these people start running the government.
We need them to grow up, which means they need a little bit of tough love from reality.
They need to have their delusional...
worldview shattered because it is so wrong.
It is so based in false economics and false narratives rather than reality and truth.
And if you have a whole generation that is largely rooted in delusion instead of reality, that's not going to turn out very good for them or for the country for that matter.
So we want them to grow up.
All of us do.
Now, the other big question about all of this is, what will that generation do?
And especially, what will these, I don't know, what do you call them, these just denialists do when it all hits the fan?
Because there's a massive economic collapse that's coming.
We know that the blowout debt we're seeing globally is not sustainable.
It's just a mathematical certainty.
There's no question about it.
We know that nations have a huge amount of debt now, like the United States, $20 trillion in debt.
We know that there's a lot of leverage out there in the system, in fact, an insane amount of leverage with derivatives bets.
We know that banks are intertwined, which means that collapse scenarios will be cascading.
It will be an epidemic, in other words.
It won't be isolated collapses.
It will spread.
It'll be like an outbreak, like a viral pandemic.
of financial collapse, which will probably include China, by the way.
It will include China, the United States, perhaps the UK, probably Brazil, and many other nations.
When that collapse happens, and no one can predict exactly when, we just know it will.
We don't know the exact day.
When it happens, how is this younger generation of clueless, delusional, cry-bully snowflakes going to handle it?
I mean, physically.
We know they're going to cry and scream and post on YouTube about how someone should fix this whatever.
I don't want to use profanity.
At least not today.
Not on this topic.
They're going to cry and demand everybody fix it for them.
But what are they going to do physically?
How are they going to get water or food or medicine if they need it?
What are they going to do?
They tend to live in cities, and they tend to live very short-term strategy lifestyles.
They're not into preparedness, and they don't own guns because they think guns are bad, and they have no ammunition.
The only food they have is very little.
It's sparse because mostly they eat out all the time.
They eat at restaurants.
They don't even cook.
They don't even know how to cook.
They barely know how to use the microwave.
So they know nothing about first aid unless they happen to have some medical training.
They know nothing about economic reality.
They know nothing about preparedness, survival, self-defense, home security, wildcrafting foods.
They don't know how to build a water filter or even where to find water for that matter.
As far as they know, it always came out of the tap.
And the day they turn on the tap and there's no water in the tap, they will flip out.
What?
What will they do?
That's a really important and very good question.
What will they do?
Because my theory, and this is shared by many in the Prepper community, by the way, is that these people who are unprepared, which will tend to be a lot of millennials and younger people because they're so delusional today, These people who are unprepared will become a danger to everybody else in society.
In other words, the greatest threat in a collapse, if you're in a city, is not the collapse itself.
It's not the lack of food and water or the lack of electricity or even the gang violence that will break out.
The greatest danger is all those masses of zombies who are unprepared and who never thought about that scenario and who aren't psychologically prepared to handle it and who can't take care of themselves and don't even have a food supply, don't even have a water supply or even a water filter for that matter.
These people are so incredibly unprepared that they will freak out and then they will become desperate and they will become dangerous.
Desperate people are dangerous because they will do anything to get your food or your water or whatever they think you have that might be valuable to them.
A flashlight.
I don't know.
A radio.
A solar charging station for their iPhone, even though their iPhone won't have anything to talk to in that collapse.
So they're going to be desperate.
And when they're desperate, they become dangerous.
So the preparedness strategies that we, intelligent, informed, mature people, need to really consider is not just how do we prepare against the loss of supplies and the food shortages and the riots and so on.
It's how do we handle the crazy mobs of cry-bully, snowflake, young libtards.
I mean, that's really what it is.
People who never imagined anything like this could happen, so they didn't prepare for it.
And they become a danger to everyone in society.
You know, it's interesting how in the vaccine industry, for example, the vaccine pushers argue that children who aren't vaccinated are a danger to all the other children.
And so they even yank them out of school in places like California.
You don't even deserve to have an education because your child's not vaccinated.
Of course, it's nonsense.
The greatest risk factor for spreading disease is having a suppressed immune system, which is tied to obesity.
So it's actually the obese children who are the most immunocompromised and the most likely to spread disease.
But you don't see anyone arguing that, you know, fat kids can't go to school.
That would seem crazy, but they do argue that unvaccinated kids shouldn't go to school.
But what about unprepared, libtard millennials?
Should unprepared, libtard millennials, are they a threat to society?
I say, in a collapsed scenario, the answer is yes.
Very clearly they are.
Because they will demand that everybody else solve their problems.
That's how they've been raised.
That's the only world they know.
They'll blame the problem on someone else and then they'll demand that it be fixed by someone else.
They never consider themselves to be responsible for their own circumstances.
This is the philosophy that's being taught even in universities and public schools, that you are a victim.
This is what liberals are taught, especially young liberals, that you are a victim.
It's not your fault.
Somebody else should be blamed.
And if there's a problem in your life, just yell and scream and pout until somebody fixes it.
This is the way they behave.
This is how they riot on college campuses like Mizzou.
They just yell and scream until they get their way.
And they intimidate with cry-bully tactics.
This is all they know.
And that might work in a relatively organized society where people are relatively polite, but it's not going to work in a collapse scenario.
When the guns have come out and people are starving and it's life versus death in many scenarios and many encounters, the cry bully snowflakes will simply be, well, forgotten.
Forgotten.
Or perhaps in some cases in a combat scenario, they might get themselves killed.
Or they might end up with no supplies and they end up starving.
And a few of them will grow up.
A few of them will say, holy crap, I better do something about my circumstances here or I might not make it through this.
Some of them will become adults for the first time ever.
They will take responsibility for their situation.
And they will work to acquire supplies.
And they will work to defend their lives and defend their property and they will survive and they will make it through and they will be changed.
They will no longer be cry-bully snowflakes.
They will become, essentially, conservatives.
You know, self-reliance, Second Amendment.
Take care of your family and your community and don't just whine and cry about everything all the time and try to blame everybody else.
They will be changed.
And so, in a sense, it's interesting that whoever comes out of that will...
Maybe they had been snowflakes formerly, but from that point on, they will be valued members of society.
Fascinating.
Truly fascinating.
Anyway, there's a lot coming, and very few people are ready for it.
So, I want to encourage you to stay prepared.
You can read my websites, survival.news, for example, or preparedness.news, or newstarget.com.
And I'll keep bringing you analysis and hopefully additional how-to tips and articles and information about how you can stay safe even when the people around you aren't prepared at all.
Thank you for listening.
This is Mike Adams, The Health Ranger.
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