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  1. #51
    Alpha Monger
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    Quote Originally Posted by Cujo View Post
    What a load of whiney bullshit.
    Pull yourself together.
    Stop the self pity party and get on with it.
    Pull yourself together.

    Ok Boomer. I have pulled myself together. I just have to take trips to Asia to escape to a human habitat once and awhile

    Anyway this isn't about Boomers. James Howard Kunstler is a Boomer after all. Do you think there is any truth to Kunstlerism at all ?

  2. #52
    Thailand Expat TheRealKW's Avatar
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    Kunterism.

  3. #53
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    This world is in sore need of more kunsts, to tell the wokesters what they don't wanna hear. Less cowards, more kunsts.

  4. #54
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    Quote Originally Posted by sabang View Post
    This world is in sore need of more kunsts, to tell the wokesters what they don't wanna hear. Less cowards, more kunsts.
    Exactly. J-Kunt is one of my literary and philosophical hero's.

  5. #55
    The Fool on the Hill bowie's Avatar
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    Anyways - Backspin - yup, we pretty much all agree - life sucks and then you die. But...

    Have you selected your Shangri La? And determined your sought after Utopia?

    Have you developed your plan - where you are and how to get to where you want to be?

    When's the big move?



    Or are you going to continue living your life in misery?
    Longingly looking at the lucrative Boomer financial bus as it passes you by.
    Remember us "The Boomers" and the theme song we are always chanting...

    Last edited by bowie; 14-08-2020 at 07:16 AM.

  6. #56
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    Quote Originally Posted by bowie View Post
    Anyways - Backspin - yup, we pretty much all agree - life sucks and then you die. But...

    Have you selected your Shangri La? And determined your sought after Utopia?

    Have you developed your plan - where you are and how to get to where you want to be?

    When's the big move?



    Or are you going to continue living your life in misery?
    Longingly looking at the lucrative Boomer financial bus as it passes you by.
    Remember us "The Boomers" and the theme song we are always chanting...

    I've spent the last 10 years saving 80% of my income and I've been educating myself on the economy and investing since I was 13. You have no fucking idea how much I've invested in "the plan" you fuck.

    But the biggest lesson I've learned in the 10 years is that the general bourgeois waspy ethic in Western society IS FUCKING BULLSHIT. JESUS FUCJING CHRIST HOW MANY TIMES DO I HAVE TO SAY IT ?

    You are a rock rolling down a hill. You have far less control over your life than you think.

    So FUCK OFF

    He thinks that he's about to educate me on the big secret of success. Pseudo optimist boot strap bullshit. Ive been through that and out the other fucking side.

  7. #57
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by Backspin View Post
    I've been educating myself on the economy and investing since I was 13
    ...Got off to a late start then...

  8. #58
    Hangin' Around cyrille's Avatar
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    I see the pissing contest is moving into a higher gear.

  9. #59
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    Quote Originally Posted by bowie View Post
    Anyways - Backspin - yup, we pretty much all agree - life sucks and then you die. But...

    Have you selected your Shangri La? And determined your sought after Utopia?

    Have you developed your plan - where you are and how to get to where you want to be?

    When's the big move?



    Or are you going to continue living your life in misery?
    Longingly looking at the lucrative Boomer financial bus as it passes you by.
    Remember us "The Boomers" and the theme song we are always chanting...

    But the plan for now is to sit on my sizable physical gold holdings and wait for the monetary/credit cycle to do its thing. As cynical as I am , I do know that the 40 year long credit cycle turned bubble will end and the Boomer fucktards will finally experience a real economic recession. One where the cost of interest actually rises when the economy turns down.

    My capital is precious. Gold is not a yuppy asset like pretty much everything else and has limited downside and very substantial upside for what's going on.

    And for the average backsliding individual (not one of the chosen ones who gambles and wins at everything , who starts a successful businesses with ease and generally can't lose even when they try (like trump) gold today offers the best risk/reward matrix. Downside protection for their precious capital plus upside that doesn't require you to be Jeff Bezos or Donald trump.

  10. #60
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    I've spent the last 12 years of my life being humbled. The world is a very complicated and unpredictable place. I have failed at a lot of shit.

  11. #61
    The Fool on the Hill bowie's Avatar
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    OK Backspin – let us pause and take a deep breath – your humility just ain't showing in this thread.
    Perhaps review some facts and reflect a bit;

    So, we have you, a self-educated (economy) silver spooner saving 80% of his income. Who has been investing since the ripe old age of 13.
    Quote Originally Posted by Backspin View Post
    I was born into a wealthy family. I had a big head start. And I didn't even get ahead. If I couldn't , nobody could.
    Quote Originally Posted by Backspin View Post
    I've spent the last 10 years saving 80% of my income and I've been educating myself on the economy and investing since I was 13.

    And then we have me, born into a poor laborer family (not as poor as the 50% of the world living on $5/day) but, pretty low on the economic ladder. You know, parents never able to save a penny, leaky roof, peeling paint and all that other crap...

    Now, when I started working for a company I began salting away 10% of my income (1/8 of what you did) into a 401k (the “shitty deal”).
    Quote Originally Posted by Backspin View Post
    about 401k contributions (a shitty deal)
    So, here we are – I saved 10% and retired early, well cashed up, I am set for life. My shitty deal 401k contributions provided a sound and solid nest egg that I won’t be able to exhaust before I die. The daughters going to inherit a nice chuck of change when I heed that final call.

    And we have you, the self-educated financial expert who saved 80% and is pleading poverty.

    Hmm… you should try to get a refund on that education.




    Quote Originally Posted by Backspin View Post
    I have failed at a lot of shit.
    Attitude and analysis - you didn't "fail", you did not meet your expectations. You did, or should have, learned a lesson from and at each and every "failure".

  12. #62
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by bowie View Post
    And we have you, the self-educated financial expert who saved 80% and is pleading poverty.

    It's very obviously a difficult balance, isn't it.

    Ultimately he's trying to present himself as succcesful, but having achieved his success in much tougher conditions than any boomer has experienced.

    So, like I said, this is just another TD...


    Quote Originally Posted by cyrille View Post
    pissing contest

    Hence the pincer movement from you and tc.

  13. #63
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    ^ Stopped reading after I realized he was making a grand standing post about himself like an epic Boomer twat fuckwit. Maybe he will be the first person i ever put on ignore.

  14. #64
    Hansum Man! panama hat's Avatar
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    We lived in a shoebox - but we still had it better than socal, it seems, because we weren't surrounded by opulence, wealth, nutritious food, good schooling, first rate medical care, a safe environment . . .

    But thats not what it's all about. We had a choice to be poor. We chose our shoebox (blue with white stripes - we were gangsta). Backspin didn't have a choice - he was born into his evil middle class environment.

    We had it better than socal. We had FREEDOM. Freedom from opulence, wealth, nutritious food, good schooling, first rate medical care, a safe environment . . .



    We still live in a shoebox . . . but we're free

  15. #65
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    Quote Originally Posted by cyrille View Post
    It's very obviously a difficult balance, isn't it.

    Ultimately he's trying to present himself as succcesful, but having achieved his success in much tougher conditions than any boomer has experienced.

    So, like I said, this is just another TD...





    Hence the pincer movement from you and tc.
    Me ? Pleading successful ? No. Not really. I am not successful. I have some irons in the fire yet but no.



    Reality is far more vicious than Russian roulette. First, it delivers the fatal bullet rather infrequently, like a revolver that would have hundreds, even thousands of chambers instead of six. After a few dozen tries, one forgets about the existence of a bullet, under a numbing false sense of security. Second, unlike a well-defined precise game like Russian roulette, where the risks are visible to anyone capable of multiplying and dividing by six, one does not observe the barrel of reality. One is capable of unwittingly playing Russian roulette - and calling it by some alternative “low risk” game.

    Nassim Nicholas Taleb, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets


    Those who were unlucky in life in spite of their skills would eventually rise. The lucky fool might have benefited from some luck in life; over the longer run he would slowly converge to the state of a less-lucky idiot. Each one would revert to his long-term properties.

    ^ I have some epic fails in my life and somehow I still have lots of cash and gold. So in the above quote , it's fairly obvious which one I am. But even that. There's no guarantee. I could keep failing forver. There is nothing but viscous reality.
    Last edited by Backspin; 14-08-2020 at 12:24 PM.

  16. #66
    Thailand Expat TheRealKW's Avatar
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    Quote Originally Posted by Backspin View Post
    I've spent the last 10 years saving 80% of my income

  17. #67
    The Fool on the Hill bowie's Avatar
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    Quote Originally Posted by Backspin View Post
    he will be the first person i ever put on ignore
    My struggle. The ghastly tragedy of North American civic life-first-jpg

  18. #68
    Hansum Man! panama hat's Avatar
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    Quote Originally Posted by TheRealKW View Post

    Out of roughly 100k, at a 25% progressive/marginal tax rate . . . 50k savings every year . . . having half a mil either in the bank at some ridiculous rate or 'investing it'.

    So, socal has about 750k in savings. Not bad at all . . . I'll sell you my shoebox for 680k

  19. #69
    Thailand Expat TheRealKW's Avatar
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    Quote Originally Posted by panama hat View Post

    So, socal has about 750k in savings. Not bad at all . . . I'll sell you my shoebox for 680k
    And still had $25,000 for thai whores & traded bitcoin for heroin after his drug deals.

  20. #70
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by panama hat View Post
    So, socal has about 750k in savings.
    Baht.


  21. #71
    Hansum Man! panama hat's Avatar
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    Quote Originally Posted by TheRealKW View Post
    And still had $25,000 for thai whores & traded bitcoin for heroin after his drug deals.
    He's a wild man . . .

    Quote Originally Posted by harrybarracuda View Post
    Baht.
    At least . . . Indon anyone?

  22. #72
    In Uranus
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    So this is the thread all the wankers are hanging out in then.

  23. #73
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    I imagine that the loathing alleged to be directed by the manbun and other crowd towards the boomers is perhaps the same as the Asian poor's attitude to 'rich' white men poncing about.
    They presumably see us as having had a life of ease and luxury while they grew up meal-to-meal and haven't progressed much beyond that in some cases.

  24. #74
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    Quote Originally Posted by Backspin View Post
    I am sure those Hi's in the morning as people jogged by was so fulfilling when you were 18 years old and full of piss and vinegar
    Being civil is fulfilling at any age. it is the least expensive investment with the highest return.

  25. #75
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    Granny said 'politeness costs nothing and gains everything' and she was right.

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