Financial topics

Investments, gold, currencies, surviving after a financial meltdown
CH86
Posts: 397
Joined: Thu Feb 08, 2018 8:51 am

Re: Financial topics

Post by CH86 »

There is No Reason For young and Middle-age people to respect the elderly these days. 30 years ago it was different and the elderly were respected a lot by the young: That is because back then the elderly consisted of the Greatest generation who first SAVED THE WORLD then afterwords had the energy to make sure that their kids grew up in prosperity and within a prosperous country. Everyone respected the elderly back then, everyone except the selfish boomers who went "me me me me me me me" because their parents asked them to make normal sacrifices like they did. Now that the selfish boomers are themselves now elderly they have the Nerve to say that young people are selfish when the young asks them to stop hoovering up the resources. The Boomers Failed the younger generation even now before we've even reached core 4T it has been calculated that the current young will never know the prosperity boomers took for granted. Boomers failed at the most basic measurement of success, making sure that the kids would have a better life than they did. Now the boomer deliberately blocks the way in front of the young, ensuring that the problems would never be fixed. It is the boomer that is selfish. That extends to all aspects of society, economics and politics. Where the GI Generation built, the Boomers destroyed.
CH86
Posts: 397
Joined: Thu Feb 08, 2018 8:51 am

Re: Financial topics

Post by CH86 »

FishbellykanakaDude
Posts: 1313
Joined: Tue Jan 09, 2018 8:07 pm

Re: Financial topics

Post by FishbellykanakaDude »

CH86 wrote:There is No Reason For young and Middle-age people to respect the elderly these days. 30 years ago it was different and the elderly were respected a lot by the young: That is because back then the elderly consisted of the Greatest generation who first SAVED THE WORLD then afterwords had the energy to make sure that their kids grew up in prosperity and within a prosperous country. Everyone respected the elderly back then, everyone except the selfish boomers who went "me me me me me me me" because their parents asked them to make normal sacrifices like they did. Now that the selfish boomers are themselves now elderly they have the Nerve to say that young people are selfish when the young asks them to stop hoovering up the resources. The Boomers Failed the younger generation even now before we've even reached core 4T it has been calculated that the current young will never know the prosperity boomers took for granted. Boomers failed at the most basic measurement of success, making sure that the kids would have a better life than they did. Now the boomer deliberately blocks the way in front of the young, ensuring that the problems would never be fixed. It is the boomer that is selfish. That extends to all aspects of society, economics and politics. Where the GI Generation built, the Boomers destroyed.
But who "taught" the Boomers to be that way?

..and who taught those teachers that that would be a wise way to teach their students?

Winning breeds prosperity. Prosperity breeds generosity. Generosity breeds contempt. Contempt breeds despair. Despair breeds war. War breeds heroes, and heroes win.

No matter how much we dislike and find fault with history, animosity toward those seduced by their positions within history gains no one anything,.. other than diminishing, quite possibly completely, the small incremental gains that each cycle of history gives us for our troubles.

Aloha. :) <shaka nui!>
John
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Location: Cambridge, MA USA
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Re: Financial topics

Post by John »

Higgenbotham wrote: > As you know, I posted a few months ago about the "Gen X Debacle"
> in my workplace that caused me to pull the plug and resign. While
> it is difficult to be objective about ones self, I don't think
> it's an exaggeration to say that in that workplace I had twice the
> ability, four times the knowledge, and twice the output of anyone
> I worked with who was about 30 years younger than me. Yet, not
> once did Gen X management offer me anything except to pile on
> incremental misery.

> But yesterday I got an email from my former Gen X work leader. It
> said, quoting, "You are in my thoughts, and I am sorry it has
> taken me this long to write to you. So how are you? Where are
> you?...Well, I really want to hear more about you...and wait to
> hear from you. Hasn't been the same since you left, you are
> definitely missed."

> She also said my supervisor left.

> It sounds like things have really gone to hell in a handbag since
> I walked out.
I'm trying to read between the lines and figure out what's going on.
I'm going to take the long way around.

What I've seen in the computer industry is that many Gen-Xers combine
stupidity with incompetence in the workplace, and they see their jobs
as a series of social interactions -- partying, lunch break, ping-pong
break, etc. -- interrupted by an occasional stretch of doing some
work. CH86, who occasionally posts in this forum, is a poster child
for this combination of stupidity and incompetence.

You've posted about 10 or 20 "Gen-X debacle" anecdotes in the last
year. On my web site, I've posted a number of similar stories in the
computer industry.

One of the starkest examples of this is Healthcare.gov, especially
when compared with the Y2K project. Y2K required that almost every
software application on almost every computer in the world be tested
and possibly remediated in some way. This project took place
throughout the 1990s, and was implemented mostly by Silents and
Boomers. It was the largest and most successful software project in
world history, and it was so successful that when nothing happened on
1/1/2000, a lot of people thought that there had never been a problem
in the first place.

If Boomers had implemented Healthcare.gov, it would have worked the
first time, on time. But it was largely the implementation of stupid,
incompetent Gen-Xers, leading to the biggest "Gen-X IT debacle" in
world history.

When I wrote my article in 2015, I interviewed many people, including
programmers, managers, whistleblowers, and researchers. I uncovered
massive incompetence, corruption and fraud by software development
contractors across the entire country. I found that anyone who
complained about what was going on was humiliated, demoted or fired,
or otherwise silenced.

What's amazing is what happened on the afternoon of October 1, 2013,
when President Obama stood up at a press conference to launch
Obamacare. When a reporter asked why so few people could log on, he
answered that millions of people were enrolling for insurance, so the
web sites were slow. As it turned out, only six people across the
country were able to enroll on that day.

How is it possible that Obama and the entire White House were so
completely blindsided by the disaster that was already unfolding that
they didn't even know what was going on hours after the launch had
begun? How many people had to lie? How many people had to commit
fraud? How many software tests had to be faked? How many people had
to be silenced or fired? How many layers of management were lied to,
to prevent Obama from knowing the size of the disaster, hours after
the disaster was already in progress? And what does this say about
the thousands of other IT projects going on in all industries?

As incredible as all of this is, there's one particular aspect that is
so mind-boggling that it's hard to believe that it could happen
outside of a Donald Duck cartoon.

In Massachusetts, the consulting firm that implemented the local web
site was CGI Corp. It should have been a $10-20 million
implementation. Instead, the stupid, incompetent Gen-Xers in the
White House gave $200 million to the stupid, incompetent Gen-Xers at
CGI Corp to do the implementation. Since CGI had $200 million to
spend, they had to hire hundreds of programmers. And these hundreds
of programmers were so incompetent, that they were unable even to
write a specification, let alone implement actual software for a web
site.

I interviewed several people who were involved in this debacle.
Anyone who pointed out what was going on, or who tried to do the job
right, was sabotaged by management and fired.

And when CGI were finally fired in 2014, they charged another $17
million to turn their code over to the next consultants, and all their
code had to be thrown out as garbage.

This story tells everything about the Gen-X culture -- stupidity,
incompetence, sabotage, stupidity, incompetence (did I already say
that?), etc.

So I've gone a long way around, and now want to circle back to the
"Gen-X debacle" that you've described.

For stupid, incompetent Gen-Xers in the workplace, the greatest threat
is someone like yourself who actually knows how to do the job, and who
does it competently and professionally. Therefore, for these people,
the objective is to sabotage you and your work in order to get you
fired or force you to resign.

And here's the point that I'm making: I'm not saying that you resigned
in a passive manner, just because things got so bad. I'm saying that
forcing you to resign was a purposeful act of sabotage on the part of
your Gen-X supervisor and his Gen-X "team." And they succeeded.

So now your manager is looking back at the wreckage of what happened,
and she sends you a message telling you how great you were, and how
she misses you. So I'm going to guess is that she feels guilty for
letting all that happen, and she's angry for falling victim to this
act of purposeful sabotage that led to disaster in her organization.

And now she'd like you back. But if you go back, then you'll be
subject to the same kind of stupidity, incompetence and sabotage that
existed the first time, from the Gen-X "team."

So if you're thinking about going back, then make sure that you get
agreement from her in writing that any member of the Gen-X "team" that
pulls any sort of stunt again like they did the last time will be
fired. And make sure that specific tasks and goals are imposed on
them. Oh, and demand that they sign a contract with you that gives
you 12 months severance pay if you're forced to leave again.

Other than that, if you decide to go back then good luck. You'll need
it with that bunch.
John
Posts: 11501
Joined: Sat Sep 20, 2008 12:10 pm
Location: Cambridge, MA USA
Contact:

Re: Financial topics

Post by John »

CH86 wrote: > There is No Reason For young and Middle-age people to respect the
> elderly these days. 30 years ago it was different and the elderly
> were respected a lot by the young: That is because back then the
> elderly consisted of the Greatest generation who first SAVED THE
> WORLD then afterwords had the energy to make sure that their kids
> grew up in prosperity and within a prosperous country. Everyone
> respected the elderly back then, everyone except the selfish
> boomers who went "me me me me me me me" because their parents
> asked them to make normal sacrifices like they did. Now that the
> selfish boomers are themselves now elderly they have the Nerve to
> say that young people are selfish when the young asks them to stop
> hoovering up the resources. The Boomers Failed the younger
> generation even now before we've even reached core 4T it has been
> calculated that the current young will never know the prosperity
> boomers took for granted. Boomers failed at the most basic
> measurement of success, making sure that the kids would have a
> better life than they did. Now the boomer deliberately blocks the
> way in front of the young, ensuring that the problems would never
> be fixed. It is the boomer that is selfish. That extends to all
> aspects of society, economics and politics. Where the GI
> Generation built, the Boomers destroyed.
It's pretty clear that you don't have the vaguest clue what's going on
here, which isn't suprising, given that you're the poster child for
Gen-X incompetence and stupidity.

You seem to think that I and other Boomers give a shit what you think
of us. You've been posting the same rant for years, and every time
you do, it makes it clear just how incredibly stupid and incompetent
you are. You're so stupid and incompetent, I doubt that you could
figure out how to punch your way out of a paper bag. You'd have to
call out to a Boomer to get you out. Otherwise you'd be stuck in the
paper bag forever. You are really the epitome of first class
stupidity.

What I and other Boomers are looking forward to is being dead, because
we're sick and tired of having to bail you out after one of your Gen-X
debacles. It's just not worth it anymore, especially since your
debacles keep getting worse and worse.

So rant all you want, and play all your games of hopscotch and
ping-pong in the workplace, pretending to be getting things done. I'm
just relieved that I'll be dead and I won't have to be there to save
you and other stupid, incompetent children from the worsening mess
that you're creating.
CH86
Posts: 397
Joined: Thu Feb 08, 2018 8:51 am

Re: Financial topics

Post by CH86 »

John wrote:
CH86 wrote: > There is No Reason For young and Middle-age people to respect the
> elderly these days. 30 years ago it was different and the elderly
> were respected a lot by the young: That is because back then the
> elderly consisted of the Greatest generation who first SAVED THE
> WORLD then afterwords had the energy to make sure that their kids
> grew up in prosperity and within a prosperous country. Everyone
> respected the elderly back then, everyone except the selfish
> boomers who went "me me me me me me me" because their parents
> asked them to make normal sacrifices like they did. Now that the
> selfish boomers are themselves now elderly they have the Nerve to
> say that young people are selfish when the young asks them to stop
> hoovering up the resources. The Boomers Failed the younger
> generation even now before we've even reached core 4T it has been
> calculated that the current young will never know the prosperity
> boomers took for granted. Boomers failed at the most basic
> measurement of success, making sure that the kids would have a
> better life than they did. Now the boomer deliberately blocks the
> way in front of the young, ensuring that the problems would never
> be fixed. It is the boomer that is selfish. That extends to all
> aspects of society, economics and politics. Where the GI
> Generation built, the Boomers destroyed.
It's pretty clear that you don't have the vaguest clue what's going on
here, which isn't suprising, given that you're the poster child for
Gen-X incompetence and stupidity.

You seem to think that I and other Boomers give a shit what you think
of us. You've been posting the same rant for years, and every time
you do, it makes it clear just how incredibly stupid and incompetent
you are. You're so stupid and incompetent, I doubt that you could
figure out how to punch your way out of a paper bag. You'd have to
call out to a Boomer to get you out. Otherwise you'd be stuck in the
paper bag forever. You are really the epitome of first class
stupidity.


What I and other Boomers are looking forward to is being dead, because
we're sick and tired of having to bail you out after one of your Gen-X
debacles.
It's just not worth it anymore, especially since your
debacles keep getting worse and worse.

So rant all you want, and play all your games of hopscotch and
ping-pong in the workplace, pretending to be getting things done. I'm
just relieved that I'll be dead and I won't have to be there to save
you and other stupid, incompetent children from the worsening mess
that you're creating.
This post epitomizes the selfish logic of the boomers. Its was obvious after 9/11 that there was deep discontent among the young with how things were being handled. Boomers are idiots not because they are stupid, they are not; boomers heard the calls for reform, boomers knew the calls for reform were just that; calls for reform. They Just choose not allow reform for one simple reason, they didn't want to. You boomers instead considered the 1990s political and economic system to be a perfect system and considered calls for reform a personal insult. After all in your selfish minds, why reform something that is already perfect because if you have something perfect and then reform it, it would be a deterioration of its condition because in your minds you would have altered something that was working 100%. Newsflash boomers the 1990s Political-economic system was not working just fine and had major flaws to it. Those flaws needed to be corrected, the system needed reform. Reforms your generation refused to permit. When Japan attacked pearl harbor on December 7 1941, we had an newly minted system due to reforms made between 1929 and 1941 which was then put to the ultimate test of war. We did not go to war with the political and economic system of 1925. If we still had the mid-1920s political-economic system in December 1941; we probably would have lost WW2.

I call boomers incompetent not because they are stupid, But because I AM BEING NICE, more likely the boomers "incompetence" was/is deliberate Malice toward the young. The Boomers Knew that what they were doing would have disastrous consequences later on, but did it anyway because doing so enriched them and gave them a high knowing that the hangover would come like a hammer when they hope, after they had died off. Boomers Saw how the GIs looked hopefully at the young in their elder years and how the GIs saw the potential in the younger generations and decided to get a final revenge at their GI parents whom boomers hated by destroying all basis of success that had been created by the GIs and by controlling all positions of responsibility knowing that there was window of a generation or more when the young HAD to look to the boomers for guidance. The Young HAD to look for boomers for guidance because with the GI now gone, the boomers WERE THE ADULTS and the younger generations were still kids. The Selfish Boomers deliberately took advantage of their trust and steered their kids to failure, Boomers Know the young have the solutions to the 4T but are confident of failure because boomers still control the important positions and refuse to give any positions of responsibility to anyone younger than them. Boomers KNOW that the young would never choose the nihilistic choices currently being made by society's leaders, that is why boomers refuse to let anyone younger than them have any decision-making power.

Xers and Millies are still generally "worker-bees" that means they have no power to fix the incompetent decisions being made. This is because the important Management and Executive Positions are still being held by Boomers. Given that boomers Occupy the executive Positions, the decisions being made are their decisions and the responsibility for those decisions and their effects rests with the Boomers who made those Decisions. Boomers are the "pied-piper"(of hameln) generation.
Last edited by CH86 on Sat Mar 31, 2018 11:47 am, edited 3 times in total.
CH86
Posts: 397
Joined: Thu Feb 08, 2018 8:51 am

Re: Financial topics

Post by CH86 »

Regarding the financial Crisis, it was boomers like Bernie Madoff and the heads of the Banks like JPMorgan Chase and Lehman Brothers who caused the crisis by granting loans to people who could not afford it and defrauding investors. It was boomers who decided the bail out the banks, Not Xers. Most Xers and Millies wanted to let the banks fail, thus allowing the crash to run its course. Boomers are the fiscally irresponsible generation; note the Current Stock Market Bubble, Xers and Millies generally aren't participating in the stock shares and investments that are inflating the bubble, it is boomers who are participating in that.
Higgenbotham
Posts: 8001
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

John wrote: But if you go back, then you'll be
subject to the same kind of stupidity,
incompetence and sabotage that
existed the first time, from the Gen-X "team."
Exactly.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
Higgenbotham
Posts: 8001
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

It's impossible even for me to know what prompted an email like that. The most obvious reason would be that lack of technical expertise has gotten them into serious trouble, more serious than I could imagine. This is infrastructure engineering and it's not like software in that making mistakes can get people killed and result in lawsuits and prison time. There was a lot of emotion evident in that email. She sounds really scared.

Also, it was written on work time but not on the company email. Probably so there would never be any evidence the email was written because of what it might imply.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
John
Posts: 11501
Joined: Sat Sep 20, 2008 12:10 pm
Location: Cambridge, MA USA
Contact:

Re: Financial topics

Post by John »

Higgenbotham wrote: > It's impossible even for me to know what prompted an email like
> that. The most obvious reason would be that lack of technical
> expertise has gotten them into serious trouble, more serious than
> I could imagine. This is infrastructure engineering and it's not
> like software in that making mistakes can get people killed and
> result in lawsuits and prison time. There was a lot of emotion
> evident in that email. She sounds really scared.

> Also, it was written on work time but not on the company
> email.
I agree. It sounds like total desperation. She might have tried a
different tack -- inviting you out to lunch or something, where she
could feel you out about coming back. But if she did that and you
were "too busy" to have lunch, then she would have blown her one
chance to make contact with you.

So she decided to make her one shot count. She laid her soul bare for
you, and she's hoping that you'll take pity on her and help her get
through her disaster. (You haven't mentioned this, but I assume that
there's no chance that she's making a romantic pitch, and that she
simply waited a "decent interval" to ask you out.)

You know, you really are in a very good negotiating position, as I'm
sure you realize. You could agree to come back for three months of
consulting at $190 per hour, for example. More certain to make money
that way than by short-selling stock futures. Lots to think about.
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