The Desperate Plight Of The Millennials - 02/25/13

The Wake Up Call show

Summary: The ugly truth about how the millennials are being squeezed out of the job market by older Americans who cannot afford to retire. The wealth gap today between younger and older Americans now stands as the widest on record. Over 43 percent of recent graduates are now working at jobs that don’t require a college education. 16 percent of bartenders and  parking attendants earned a bachelor’s degree or higher. The Millennials really are the "Last" Generation before economic, monetary and political collapse. The velocity of money: what it is and what it means for the economy. The Global Competitiveness Report 2012-2013 by the World Economic Forum and America’s place in many different spheres. Very sobering.  Leveraging and deleveraging: how will the system unwind all the debts that have been incurred? John Brennan, the nominee to head the CIA, a proponent of the worst aspects of the Bush-inspired atrocities and the American public’s apathy and indifference coupled with aggressive approval for much of what was once thought to be invasive (the use of drones, for example). The crazy lending is back (subprime, non-existent asset protection, absurdly low interest, etc…) Some good news: U.S. oil production is increasing and looks to keep doing so for the foreseeable future