Boomers At the End of the World

[@dwayne1625]

Peter's entire careeer has amounted to this moment, making everyone older and younger than him cry and despair while he celebrates the victory of Gen-X.

[@Chris-es3wf]

Lol Gen X is doing worse than everyone else comparatively.

[@chrism.1131]

@@Chris-es3wf like he said in this video, the worker shortage is just getting started.

[@blackbelt2000]

@@Chris-es3wf how so?

[@veejaytsunamix]

it's about time.

[@007kingifrit]

@@Chris-es3wf how so? their labor is in high demand

[@byrnespub]

Got your book yesterday from Amazon and immediately dropped the other two books I've been reading to dive into it. I love it so far. Thanks for approaching geopolitics with a little humor. You're a great story teller.

[@Greatdanewrangler]

I got your book on audible and am excited to start listening ! My husband and I are gen X. Almost all of our friends are gen X and we are all still gainfully employed with no plans to stop.

[@austntexan]

Same. Working and always on the grind. It cracks me up how they used to all call us the Slacker Generation back in the day. I work at a giant woke corp and if we could hire all GenX, we would. Trying to keep a Millennial around, without giving it a title or more $ than it thinks it's entitled to, is next to impossible. Most of the attrition I've seen in the IT sector has been job hopping Millennials thinking they're going to hit pay dirt at a startup lol. One of the benefits of working/surviving the IT bubble pop of the late 90s, my advice to them is always. . ."Ahh, a startup. Wow, that's amazing. Go for it!!!!"

[@thefisherking78]

@@austntexan LOL.. yeah I graduated college as an electrical engineer in 2000 and other than interning with a dot-bomb in my senior year I was fortunate to go straight into USAF and get several years of secure work and life experience before I had to look for a job. I know better than to bet my future on a novel idea without some kind of backstop.

[@tomcraver9659]

Was that a mis-statement at 1:41 to 1:56 about boomers cashing out of risky assets like Stocks and Bonds and moving into relatively unsexy investments like Stocks and Bonds?? Maybe out of stocks and into bonds? Or moving out of risky stocks and bonds into low risk stocks and bonds?

[@ryankuypers1819]

Yes it was. And the answer to your question is neither. Both the stock market and bond market are risky based on the current dynamics in the economy. With capital becoming more expensive the Boomers can simply go back to the old way of protecting wealth: CDs, savings accounts, and gold.

[@chrism.1131]

@@ryankuypers1819 don't forget real estate.

[@stevewildes6762]

Peter, I bought your latest book and reading your take on the world is entertaining, depressing and thought-provoking. Thank you!

[@giuseppegiannini3697]

Thank you prof. I'm gen x and 20 years waiting for a better job. If you're right, I'll come by and buy you a pizza. :-)

[@andrealake9165]

Boom: 1974 baby! Cranking up Nirvana, hitting the trail, smiling ear to ear & telling everyone else to suck it up today. Thanks for the morning laugh.

[@chrism.1131]

And laughing all the way to the bank!

[@andrealake9165]

@@chrism.1131 😆 indeed

[@chrism.1131]

@@andrealake9165 WOW... You are stunning. Irrelevant to the topic but I could not help myself.

[@stratostatic]

As a recently retired "boomer" I''ve discovered that there are people willing to pay me piles of money for the certain skills I''ve aquired over the years. Working for a day now and then and earning more than I use to make in a week, ain't too bad.

[@etherjoe505]

A particular set of skills

[@wylldflower5628]

I wish that applied to RNs!!!

[@Thomas_Henry_]

Are you working in IT?

[@emceeboogieboots1608]

@@etherjoe505 Shhh! He WILL find you...😁

[@-whackd]

That's good, because I won't be paying any taxes to fund the derptarded fat parasite boomers pensions and fat-care.

[@Newlinjim]

If capital is in such demand why do banks not favor depositors with interest for the use of said capital?

[@MrSurferglobal]

I'm 1965 and still have another 10 working years years left in me, my no.1 worry at this stage in life is the aging population, and the need to stay fit and healthy to the end of my life as I don't want to be in a position where I can't care for myself....

[@arachosia]

Wow, you’re unbelievably old.

[@swaggitypigfig8413]

you're only 57 mate, still got a LOT of gas left in the tank. I wouldn't call you old. Good luck with your goals though.

[@danno1800]

Got the Audible version the day it was available. Already enjoying it greatly and learning a LOT! Thanks for writing this book and showing us what’s coming ahead of us in the USA and the rest of the world. Much appreciated…

[@copisetic1104]

I know a handyman that is 67, he is making a killing. Retired contractor.people are on their knees in gratitude when he shows up.he can work as much as he wants. And travel or go fishing.

[@dodgeplow]

I am 50-something yr old white collar worker, and I've had to do do much of my own lighting/wiring work, painting, plumbing work, and even appliance repairs because I can't get a tradesman to come out to do the job. Luckily I went to automotive school in another life so I can do this, or I'd be hosed.

[@jerryrichardson2799]

I remember reading in a book by Kevin Philips that a lot of late Boomers were screwed because because early Boomers got most of the plum jobs, this has been my experience as a degreed late Boomer. There's a lot of educated and skilled older people who want to work or _have_ to work that may still have their moment in the sun.

[@bighands69]

That does not make any sense at all. A late Boomers got jobs as well. A later Boomer would not be in their sixties. It does not matter there are always going to be people that are just useless.

[@pedlpower]

1963 here. I think that you're right for engineering and manufacturing. Finance and programming was the way to go in the 80s. I'm an Engineer at the Government and we're hiring like crazy! If the economy tanks it may not last.

[@JimManeri]

Demographers in advertising in tech have a separate generation for those born 1958 to 1965 they call Generation Jones as in keeping up with the Joneses and Jon sing for things is how we grew up. Pr. Obama is Gen Jones and seems a generation younger than GWBush We are not boomers because being born in 1961, for the summer of love I was eight, and when the Beatles landed in America I was four years old. I’m also not Gen X because I had no childhood or even teen experience playing video games at my home. It was still pinball and maybe asteroids for us. Generation Jones is known as the most quickly tech adaptive generation ever, first adopters of technology even more than younger generations. And we have always been in the economic rain-shadow of hippie-era, Beatles Fans, “greed is good" Boomers, the generation that brought a mass extinction and made the world uninhabitable for those who follow.

[@nunyabidness3075]

@@JimManeri Yep, what I heard in an interview with an expert was that generations don’t really work science wise. Only cohorts (6 year groups I think) actually have enough in common to separate them. The boomer generation is also just too big. In the 1960’s, it was still normal for people to have kids right out of high school so you have Boomers born to boomers? Stupid. I was born in ‘64, and have much more in common with Gen X than boomers. Like my gen x wife, I spent my career working for older boomers, some of whom are still holding onto their management jobs. We retired. I might start a business again if we get a serious backlash against big government again. Otherwise, forget it. I’m not signing up to be nurse maid to a bunch of poorly raised whiners while waiting for a bunch of former hippies to force me to fire them when they thoughtlessly change all the rules again.

[@pohkeee]

@@nunyabidness3075 : yes the labeling is off and doesn’t work well. But it’s trying to capture a more complex ebb and flow with feedback loops. The biggest insights with demographics is seeing how things that were set in motion long ago and will play out no matter how much we attempt to intervene. The saddest part is, that much of this catastrophe was forecast long ago and the can was kicked…people tend to only address what they think will happen on their watch. The oft repeated platitude about caring for their offspring is simply BS.

[@jskweres2]

As a gen X er what can I do to take the most advantage of the environment? Move out of the US? Job hop?

[@johnosses9869]

Hey Peter! At 1:52 you say “So you go into relatively unsexy investments like stocks and bonds” but at 1:38 you say “All of those savings you’ve been making for retirement and that you have put in stocks in bonds, you can’t take that risk anymore. Because if there is a currency crash or market crash…” so I think you slipped up on the 1:52 part because I know I’ve heard you say in the past that it’s your belief that boomers will be taking there money out of high risk assets and into T Bills. Please correct me if I’m wrong. I love watching you present, you’re a rock star!

[@FlyingFlaneur]

I noticed that too. I think it's just a slip up. He meant just bonds/mm.

[@chrism.1131]

When interest rates rise, bond funds go down and T-bills suck. My money is in real estate. The value is skyrocketing and I get to keep raising rents.

[@MrStandroid]

@@chrism.1131 Thanks for the absurd housing market. Cant wait for the epic crash

[@johnmcginnis5201]

Zeihan is right on both counts. The critical factor is risk which he mentions. If you are a Boomer the risk acceptance will be very low. For a GenX/Millenial the risk acceptance will be moderate to high. The reason is ability to recover. A Boomer does not have the time to see their asset base recover. The younger generations have the option to see a asset recovery in their holdings.

[@chrism.1131]

@@MrStandroid just like in 09 the rent kept coming in and now the value is double. Some people just don't know how to take good advice.

[@yackemflaber84]

Peter's hair is on point

[@ejesbd]

As an older ('84) millenial, I can attest to riding the wage-increase coattails of the Gen-Xers. There is a massive shortage of mechanical engineers and designers as many of the older ones are retired, retiring, or lack the (now) necessary computer skills. I've seen a 60% wage increase over the past four years.

[@cooldudecs]

I did that in one job move… It’s insane. They have us doing the same work as seniors but they can’t pay us because of experience

[@_s.4785]

I got a BA, realized it's worthless, got into the trades - such a massive worker shortage that employers are competing in terms of pay. I started at 20CAD an hour, at 28, easily going to navigate up past 30 before I get journeyman ticket, and they're making well north of 40 an hour and it's only going to climb higher as the pool dither even more, there are no zoomer tradies and a good chunk of would-be millennial tradespeople went into computer science or coding instead. If you can fix or make something your value is about to skyrocket as the need to sustain an aging population and infrastructure increases as the load of aging populations intensifies.

[@johnmcginnis5201]

Good for you! Anyone on the physical side of the STEM sphere should have a minor in computer science or CAD. With additive manufacturing and design dominating the market its a winning combination.

[@phil562]

My pay has doubled every 5 years for the last 20

[@jessicajones657]

I'm seeing experienced trades get paid more than Engineers (and they get overtime pay). Everyone is short labor but I see the trades have the larger gap at the moment.

[@erichimes3062]

I’m an hour and a half into the audiobook. Excellent piece of work 🏆

[@enmattiskan]

He means "relatively unsexy investments like *T-bills* and bonds", not stocks and bonds

[@davidwilliamswealth]

Your book just arrived, just started reading, already hooked.

[@bryanbradford9421]

Started your new book! Any book that starts off talking about farming in your own poo has to be headed for the best seller list! Great work!

[@stephencullum8255]

Timing is everything. Mid boomers like me and later boomers graduated into a labor market overflowing with labor. The increase in adults drove up demand for everything. So wages dropped and cost exploded. Forcing most women to go to work. Which drove labor cost further down. We responded by having few kids. So now labor is scarce and demand is not sharply rising. What goes round comes around.

[@stargazer5073]

Pete, what we do with money in bank? Protect it????

[@swan9680]

LoVe it!!! 🤣 I am 55 w an eng degree and an MBA. I was under paid for so long. Had to get 2 jobs to feed my 6 member family. Now, finally Time to Shine !!!

[@dailyoccasions9539]

Yes!! I am GenX! I am a nurse and making more than a doctor here in California! I work 5 12 hour shifts a week Making $12,000 per month . I am going to buy a house on 20 acres with water access at the end of the summer from friend my parents in cash! I am going back to 3 12 hour shifts per week. I have stocks, bonds and 100% debt free. I Lost my home in 2008 and I promised myself never again.

[@flirtyprettything]

Stock prices face a double-whammy: companies having to pay more for workers (leaving less for profit); and boomers selling their stocks. Workers benefit, but how should Gen X invest their growing savings?

[@ryankuypers1819]

Exactly. Increased rates for CDs and interest bearing accounts will never compare or make up for the incredible growth the stock markets have seen in the past decades. Market returns might be paltry for a long time.

[@chrism.1131]

@Tyson Kamp Agreed, it works for me.

[@hubermano]

Why less profit? They raise prices. It’s called Bidenflation.. 😁

[@Garrettdx1988]

I've done my part as a millennial, I've created two zoomers of my own lol. Let's go guys, start producing offspring!

[@JamesColeman1]

Love it. Gen X revenge is a dish served with Metal.

[@uprebel5150]

Being born in August of 1966 I am thrilled to be a Gen-Xer. Now if we could only have one as president 🇺🇸

[@donnelson4140]

Boomer fan boy here. Just finished your latest brain dump and it held my close attention, start to finish. Born and raised in an ag-centric region, then off to travel the world at the behest of the military-industrial complex, then retired back home in ag country, I particularly was impressed by your emphasis on food. I’m still appalled that some people, my adult children included, have no idea where it comes from.

[@maplenook]

They’re about to find out

[@dodgeplow]

He's discussed this before and meant from capital investments and high-risk stocks to bonds - standard strategy for retirees.

[@genxlife9650]

Awesome! I've been waiting for this for a while! It's time for Gen X to rise. I also think we take power in congress and the white house as well. Game on!

[@buybuydandavis]

Blames inflation on workers getting paid more, not government printing money. Such a shill for the Establishment. The price of eggs has tripled. How many workers in that supply chain had their wages triple?

[@cephalopodx7587]

Great video. If I hadn't already left the labor market I would be excited.

[@chrism.1131]

I'm jumping back in to take advantage for a few more years, at 70.

[@AJourneyOfYourSoul]

Labor shortages for the next 20 years. It is a great time to be an employee if you play your cards right.

[@Cecilia-ky3uw]

Indeed, exploit this all you can(hopefully it doesnt cause an inflationary cycle as milton friedman predicts but we will see

[@chrism.1131]

@@Cecilia-ky3uw It will. Just as peter said, wage inflation is the number one cause.

[@tuckerbugeater]

@@Cecilia-ky3uw All wage gains were offset by current inflation. Inflation is here to stay. Nothing was gained. More was lost for us stupid savers.

[@gwills9337]

Employees have never earned less in real terms. The median US worker makes like $40k/yr and houses are 10x more expensive than a few decades ago. Wtf are you talking about?

[@sonofjoanne1969]

Being a Gen X-er, I Fkkn LUV you, Peter, smart-ass that you are.

[@davidwelty9763]

Retirees do not liquidate all of their stocks at once when they retire. That’s not how it works.

[@masonm600]

"I'm in Vegas, let's talk about Bitcoin!" LOL!!! He got me!

[@JimWilliams]

I'm trying to understand this cost of capital thing -- and avoid finding myself in a collapse of capital. It seems to me that as we boomers move into T bills the price of stocks will fall. Therefore, in order to raise capital the dividends will have to be increased, but where will the profits come from to increase dividends?

[@henrypuyi5485]

Peter love your stuff. I’m going to continue to ask, you say shale oil will be available for awhile. EIA says we have 10 years capacity of shale oil. What say you? Thanks can’t wait to read the book.

[@EireHammer]

www.eia.gov/tools/faqs/faq.php?id=58&t=8 10 years

[@shinymike4301]

Ka-BOOMer !! GenX, get yo a$$ in GEAR. Tomorrow, Peter will be speaking from Loxley, Alabama.

[@tara5742]

Gen X: People value my extensive work experience! Also Gen X (but in tech): Everyone thinks I’m too old to be in tech

[@johnmcginnis5201]

Take solace in the fact that Tech itself may not have a choice as to aging you out. As the labor pool shrinks Tech will have to readjust and dear God should I say it? -- retool their older work force in the newer technologies.

[@JohnnyAmerique]

He’s definitely right about the wage inflation. I’m in the millennial generation and I’ve seen about a 100% increase in my income in the last 4 years.

[@mobilecivilian6124]

And the cost of living has doubled and tripled.

[@pm9716]

I agree however it’s has a lot less purchasing power

[@JohnnyAmerique]

@@mobilecivilian6124 LoL the cost of living has not even close to doubled in just four years. Not in the US anyways - maybe if you’re in Turkey or something.

[@hippocleides7105]

@@JohnnyAmerique Clearly you've not had to worry about housing the past four years...

[@JohnnyAmerique]

@@hippocleides7105 Rents here have increased about 15% over that timeframe. Obviously there have been some much hotter real estate markets which are not the norm nationally, but that’s why you don’t buy in LA, Austin, Phoenix, etc. at the top of the market.

[@ajpope2010]

Im so glad i found you a few months ago. So damn helpfull tying my knowledge of our financial/monetary system together with genrational populas/geography/economics. Is there a word for the field of expertise ur in???? Im now just as fascinated by ur expertise as i was when i began my study of our money system back in 08/09. I am gen X....i have never have made so much money in the last 5 years inside and outside of my normal job which im no geniuse just a guy with a good career in oil/gas and a drive for excellence. Anyway, thank u for ur content/book.

[@fazdoll]

Officially Pete is a "geopolitical strategist" with a specialty in demographics.

[@bighands69]

Also read the book the intelligent investor which shows how normal people can invest. It was a concept that developed during the great depression by Benjamin Graham and later used by the likes of Buffett.

[@DoubleDogDare54]

I'm a boomer. Late 60s. Got a taste of "retirement" during the lockdown in 2020. Hated it. I have opted to follow the Japanese concept of "Ikigai" - Rather than retire and sit on your butt, you opt to do what you love, what you are good at, what the world needs, and what you can be paid for. I love my job, I'm good at it, the service is needed and I make good money doing it. It gives me a reason to get up in the morning. So why stop? I'll have plenty of time to do nothing when I'm dead.

[@timswank3727]

Said like a true Boomer. I understand you wanting to die with your boots on, true retirement is a death-knell. But do us all a favor and take on a Zoomer or Millenial as a protege so you are truly passing on your worth instead of just keeping some poor, probably literally, younger person out of their rightful slot in the economy. Thanks! Signed the entire grateful generation, X

[@unclejj13er75]

Buck the trend. That's also a boomer trait.

[@DoubleDogDare54]

@@timswank3727 Here's a suggestion - If you need someone to retire, quit or die so you can take over *their* "slot", you don't deserve a "rightful slot". You make your own luck and fortune in life, kid. You want a "slot"? - make your own slot instead of envying and waiting for the rightful slot someone else made for themselves to open up so you can grab it.

[@timswank3727]

@@DoubleDogDare54 I think you missed my point entirely. As does often happen and why Boomer is a disparagement by the younger generations. Boomers had a common saying in their youth, don't trust anyone over 30. History is now repeating. I didn't say die, quit, or retire I said ASSIST. You are in your last years of production regardless, just pass the baton eventually while making use of some younger energy and stamina. Boomers are known as self-absorbed, egocentric controllers of the system. Obviously I don't know you personally. Ditto in reverse cuz I am no kid, nearly as old as you are. I am speaking for a younger group who is going to be holding the bag after you and I die, retire or quit. Just like my Gen X has been cleaning up or paying the consequences of Boomer excess since birth. And don't even tell me that older generations didn't do the same for ours. I know better.

[@DoubleDogDare54]

@@unclejj13er75 Damn right.

[@alstar70]

almost thought you were in Cairo at first, lol

[@buck4490]

😅 Peter you look like a wild man in that thumbnail picture. Glad you're enjoying yourself.

[@kydoctorsforlife8728]

Peter means "t-bills and bonds," not "stocks and bonds" for what retirees are going into.

[@griffmccoy5607]

If Boomers retiring, are wages going up then? How does that net out with PPP?

[@maxandthebash]

In Eastern Germany this seems even more severe. I was born one year before the fall of the Berlin Wall and after me, birthrates declined drastically. Now, all doctors, teachers, etc are about to retire, while there is no one there to do the work anymore, it seems. Refugee immigration is not going to solve that, in my opinion.

[@rolfviehmann6240]

I am a guy from Western Germany (born in Hesse in 1981), and far as I understand it, in the Eastern German states, it all comes together, which is kind of a problem: * Low birth rates after the end of the cold war. * People leaving their state and moving to a Western German state (or abroad) because of better career chances. * Traditionally a much lower level of foreign workers (Gastarbeiter) compared to the Western states. * Much more opposition to refugees compared to the Western states. * People leaving their villages to find work in one of the major cities (Eastern or Western). The solution? Honestly I don't know, but finding one would be really good. In the Western German states, all these problems are less severe, but not absent. Could these problems have been avoided? I also don't know for sure. The reunification was a new experience for absolutely everyone, so it's clear that nobody had a perfect plan at hand, we just made it work somehow, as well as possible at the time.

[@howardjohnson2138]

As always, Thanks for the info

[@dalegg66]

Yeah, but I was planning on retiring last year at 55. I didn't expect my industry would make it this attractive to keep working, and let me do it from home LOL

[@pimpmoney909]

Looks like Mandalay Bay room... are you planning a little Vegas boom boom, Pete?

[@castlecircle7612]

Ro Khanna just called for a US oil export ban. Why didnt you think of that Peter? Kidding ofcourse, Kudos.

[@frankyfourfingers1382]

This Zeihan guy has found his GenX niche in the financial entertainment industry. What a smart guy. I just can't believe he has a newsletter. What a relief!

[@kylepatrickmurphy4058]

Climb the Mount Of Zeihan!!!!!🤣🤣🤣

[@ninja5411]

Glad to hear GENX is going well.

[@jtremblay100]

Peter is clearly 🍹 🍺 🥤having a few in Vegas.

[@jemmywuk]

I'm a little confused. According to some stats I looked up, the Millennial generation is larger than the boomer generation in the United States, 72 mil Vs 71 mil. Sure, that is due to the boomers being older, but the numbers here are so close I'm not sure I see why this has Peter making the kind of economic predictions he is. It argues more for stability.

[@j0kk388]

what does he mean when he says capital will get expensive, and genx can see high returns on their capital, is he referring to bonds?

[@jimmywatermelon357]

Just bring immigrants from the south. Millions of poor people that needs jobs. Problem solved

[@yuggoof]

I'm a millennial born in 94 and even I have had some benefit from what the Gen Xers are experiencing. I had a 15% salary increase a couple months ago which has absorbed a lot of the sting of recent price increases.

[@wesm9750]

I hope Peter has humility when Bitcoin finally clicks for him.

[@chrism.1131]

Put it all together and it sounds like the stock market is in for a wild ride.

[@dbs555]

Guess I will keep working past retirement age and make bank.

[@AliceinWonderlandzz]

A masterfully led story through history that maps the forces that shape our world. I see a whole new framework from which to build projections of what is possible. My perspective is primarily as a financial strategist navigating the technological disruption of the last twenty years. You said in the book that it is technology that shapes which topography/demography takes root and grows. The core premise I work with is that technology disruption is going to build a landscape for growth never seen before and hard to imagine. It greatly effects the shape of the future. For example one keystone of your argument is that population demographics are going to hamper growth - there arn't enough earners in the system. One keystone of disruptive change is that automation and AI will replace 60% of existing jobs today. Unlike prior evolutions where we moved to more productive positions, this is a wholesale replacement workforce, better, faster, cheaper than us. The decoupling of labor from productivity will shake the foundations of how we form societies. It will take root in the next five years. - There are six other disruptions along with global warming - I would love a chance to pick your brain and work them out with you - could be a whole new book.

[@chrism.1131]

I think you're both right. Peters timeframe is mostly over the next 10 years just in time for Quantum AI to start it's hockey stick move up.

[@AliceinWonderlandzz]

@@chrism.1131 The decoupling of labor from production will make the recovery from the recession a jobless recovery in 24,25 and then unemployment spike. People losing their jobs in this round won't find new ones.

[@jamieb7799]

Made me laugh out loud with BTC joke to start and finished with Everybody but GenX suck it up 🤣

[@bodegacoast]

There's quite a chunk of the Boomer generation that can't retire, not this year, not next. Probably 10~20M. Should be a way to figure that into your predictive models, Peter.

[@TheReferrer72]

That has always been so. Its in the models.

[@ShadyRonin]

That’s why he said over roughly the next 10 years, I believe till 2034?

[@tyruscobb6283]

Are you speaking somewhere in Las Vegas where we locals can attend?

[@TomBullperth]

I would of thought that the decrease in spending and demand from boomers would outweigh the increase of capital costs and therefore have a deflationary effect on the economy

[@JimWilliams]

Split in time. The decrease was decades ago.

[@seniorboulevardtv9262]

hmmm... secure assets and compensate for your loss of income after retirement... your own independent living & energy friendly house if you ask me... certainly not paying expensive rents or high maintenance & unadapted housing

[@GoldBankker]

Thanks Peter!!

[@kingfisher1069]

I’m not sure I get how having capital will create large returns. Where do you mean gen x can put their investments?

[@mobilecivilian6124]

Looks like it's time to raise taxes🙄

[@bdgoodwin]

"For everyone else, suck it up!" Almost spit out my coffee. Thought you were gonna stop before the "up," Degeneration X style. 💪😂👍

[@slipper171]

So let me get this straight. Inflation is due to a worker shortage. What about supply chain issues? Energy policies? War in the Ukraine? Increased corporate taxes? Fed money policies? Federal spending?

[@watchthe1369]

The market is making the predicted move RIGHT NOW!

[@michaeledgar5863]

Best news I heard all day!

[@apc9714]

Of course we are not ready, we only have been sure this was going to happen for the last 60 years, how could we possibly have prepeared for that

[@waclawberent]

Most addicted ppl to cheap easy money are our governments. We will see how big budget deficit will be in next 24 months

[@paulholterhaus7084]

You are only partially correct..........We will need influx of Immegrants to cover labor shortage........And since I am 80, I can tell You We live off of income from Our investments and are NOT closing out Our retirements.......To do so would incur 30% tax payment + loss of future income derived from those investments......................Paul

[@davidcirillo9439]

Oh yea 20 percent goes to Uncle Sam for any money at any age taken out of stupid 401k and 15 percent to state of NY .yea they through pensions away in the eighty

[@oscarmora4602]

Dread Zepplin, reggae take on Led Zepplin. Your time is Gonna Come.. awsome version.

[@OnSiteTrav]

Love your work. Definitely off base on crypto. But on net your work is solid.

[@PocketBeemRocket]

As a older late 80s millennial, I’m just crossing my fingers hoping a nice house opens up somewhere I can commute from.

[@selohcin]

Exactly right. I'm 35 and never made more than $30,000 in a year. Good luck to you.

[@arachosia]

@@selohcin there are a ton of jobs that would allow you to make way more than that, even without a degree. Maybe go into a trade like plumbing or carpentry. You’ll be making 100k per year in no time, especially with the labor shortages. Truck driving, construction, real estate agent…lots of jobs where you can make serious money. Stop settling for a low quality of life.

[@caesaralvarez7055]

Live your best life sir !

[@tuckerbugeater]

Will there be less money for Fauci's bioweapon program?

[@erichimes3062]

Troll

[@chrise842]

@@erichimes3062 you are the troll

[@erichimes3062]

@@chrise842 wrong. It is you positing rubbish like “fauci’s bio weapons program”. Give me a fockin break already. Extreme cynicism doesn’t make you smarter. You really need to choose some credible news sources instead of FauxNews.

[@chrise842]

@@erichimes3062 just get an education and inform yourself on subsidized gain of function research. Sen. Rand Paul grilled him about that. It's public record.

[@erichimes3062]

@@chrise842 Rand Paul is a shill and a pawn. Tell me another one.

[@surfdocer103]

Well heeled boomer here. VIP seat to the end of the present world.

[@brettbaker5599]

As a Gen-Xer, I approve this video!

[@byrnespub]

It's about time Gen Xers got some love! Does this mean we might actually get to rule for a few years?

[@ryankuypers1819]

@@byrnespub Yup, but the big question is will we rule the empty husk of the former economy? That's not fun.

[@stevejaworski2954]

Here we are now Entertain us

[@grandcrowdadforde6127]

hey PZ BOOMER here--- i did things like no vehicle since 2003----and saved much ! $$$ i am FINE retired!

[@markrix]

Id love to meet you, are you speaking in vegas? I work in the city.

[@jansonrawlings8169]

This dude just sounds like a KZbin tarot card reader. “Buckle up Aquariuses, 2022 is going to be your year. Sorry cancers and Leo’s. Now is a bad time for romantic entanglements”

[@ryanschaake2987]

Could anyone explain how a labor shortage of 400,000 workers would produce more inflation than doubling the money supply? Haven’t run the numbers on this but my gut tells me that the latter might have a bit more pull. Frightened to see what this combo will produce nonetheless

[@jon_do]

"All of this drives the cast of copital up" - Zeihan, 2022, 2:30 I'm a huge fan of Peter, but this one crucked me ap! :D

[@wylldflower5628]

I enjoy when he tongue twists a bit on videos because he just corrects and goes on!! I’m good if his perfectionism goes into the data rather than a perfect presentation!

[@jon_do]

@@wylldflower5628 I totally agree! But I hope he continues making mistakes, mixing great data with great entertainment! :D

[@wylldflower5628]

@@jon_do Always a bonus!!

[@stevenmitchell7830]

Peter is looking more and more like Moses

[@thepianist7084]

One thing to note - a lot of the boomers will gradually reduce their equity exposure in their savings over time instead of at once.

[@gnosisdocumentaries4481]

Glad you have your own channel, dude. Looking forward to some great content 👌

[@flyingmoose]

You said they’d transition from stocks and bonds to unsexy investments like stocks and bonds… What??

[@dodgeplow]

He's discussed this before and meant from capital investments and high-risk stocks to bonds - standard strategy for retirees.

[@ShadyRonin]

Lmfao Peter is such a savage

[@no_good_reason_to_bother]

Good for you Peter. Enjoy.