(The Economic Collapse Blog)—No matter how hard they work, millions of Gen Z Americans are just barely scraping by month after month, and many of them are seriously pissed off about it. In fact, videos of Gen Z Americans ranting about the economy on TikTok have been racking up millions of views. Many of those that are ranting about the economy absolutely hate the fact that no matter how much they try they can never seem to get ahead. Others just keep getting deeper and deeper in debt because they can never seem to make enough money to pay all the bills. And do you know who they are blaming for the pain that they are experiencing? They are blaming those that belong to previous generations for wrecking the economy, and they are right. We were handed the keys to the greatest economic machine in the history of the world, and for decades our leaders have been systematically destroying it. The bright future that future generations of Americans were supposed to have has been wiped out, and Gen Z Americans are starting to realize that even more pain and suffering are ahead.
If I was a member of Gen Z, I would feel the exact same way.
The economy has been ruined, and it is people my age and older that did it. We should be absolutely ashamed of ourselves, but we’re not.
For many years I have been warning that someday young people would be absolutely furious because of what we have done to their future, and now that is precisely what is happening.
One Gen Z TikTok user named Nicholas Summers recently made headlines all over the nation when he ranted about the fact that he is struggling to survive each month even though he makes three times the federal minimum wage…
But when Nicholas Sumners took to TikTok to rant about the difficulty of surviving in America, millions of people tuned in to agree. He claims that he makes three times the minimum wage , which would mean he’s making at least $21.75 per hour and is still struggling to survive.
This isn’t surprising, considering the rising inflation and wealth gap between America’s richest and poorest. Some see America as the greatest country in the world, but many citizens live like it’s a third-world country. And now, the masses are angry and ready for a revolution, as evidenced in Nic’s rant, which he concludes by saying, “The American dream is dead.”
A lot of my readers can identify with what he is going through.
It can be absolutely soul crushing when there simply is not enough money month after month even though you are working as hard as you can.
In his video, he asked if someone can explain to him “in crayon-eating terms” why even the basics have become so difficult to afford…
With hot inflation numbers to prove it, one hacked-off Gen Z American took to TikTok, where he detailed a “struggle to survive” and pay for everyday items.
“Can somebody explain to me in crayon-eating terms why I make over three times the federal minimum wage and I cannot afford to live?” the user allegedly named Nic started to say.
“And I do not want to hear the ‘Pull yourself up from your bootstraps, work 90 hours a week.’ That’s not the goal, guys,” he continued ranting. “A one-bedroom apartment, $1,800. Two-bedroom apartment, $2,200. Who the f*** can afford that? It is embarrassing to come out and say that it is a struggle to survive right now. But I know so many people are struggling.”
I can certainly understand his frustration.
I have been writing about these things for years, but our leaders never listen.
Conditions have been deteriorating for a very long time, and in a subsequent video Nicholas observed that this has been happening no matter who has been in control in Washington…
“I just now realized that regardless of which side I vote, it won’t be fixed,” Nic said. “They continue to pull this bulls—. The spending budgets that they keep approving, the foreign aid they keep sending out when we need that in America.”
“How many homeless veterans are out on the street right now?” he added in the recent post. “Government overreaching, government overspending has continued to happen and it is getting worse and worse.”
Our leaders are just going to keep doing what they are doing until the entire system completely and utterly collapses. Another rant about the economy that has already been viewed more than 6 million times was posted on TikTok by a Gen Z woman named Chailyn…
In her candid video, Chailyn, a Walmart employee, stated, “I cannot stand how the news has been dogging Gen Z and calling them lazy for not wanting to work 9-5 for the rest of their lives… I work five days out of the week, 40 hours a week. I [still] do not make enough to live on my own.”
She then highlighted the stark financial disparities that exist between her generation and previous ones.
“Twenty years ago, when you were getting started [with your career], you could live on your own. Twenty years ago when you first started, you were able to do everything that I am now struggling to do,” she said.
Woman defends Gen-Z not wanting to work a 9-5 for the rest of their lives
"I don't want to work my tail end off, wasting all of my life working, just to barely be able to pay my bills" pic.twitter.com/BxaTXjaxcd
— Unlimited L's (@unlimited_ls) January 8, 2024
And she is very clear about who she thinks is responsible for creating the giant economic mess that we are now facing…
“You can sit here and call Gen Z lazy all you want, but I have been working my tail-end off just to barely make it by, and respectfully, I don’t want to do that for the rest of my life,” she said. “I don’t want to work my tail-end off, wasting all of my life working, just to barely be able to pay my bills.”
Chailyn concluded her message with a pointed argument, shifting the blame to previous generations for the current state of the economy and the burden it places on Gen Z.
“You tell me how it got ruined. We can sit here and we can call Gen Z lazy all you want. But you let the economy turn into what it did.”
She added, “You let it all run to hell, and now it’s Gen Z’s ‘fault’ because we don’t want to work to fix your mistakes.”
Bingo.
She doesn’t want to work for the rest of her life to pay off the 34 trillion dollars that has been ruthlessly stolen from her generation and future generations of Americans. And I don’t blame her one bit.
If we lived in a just society, those responsible for getting us 34 trillion dollars in debt would be in prison. But instead we treat them like heroes. Shame on us. Because the cost of living is so ridiculously high, most young adults cannot make it on their own in this economy.
As a result, vast numbers of them are living in poverty, and debt levels among our young adults have risen to very alarming levels…
Then there’s Gen Z, which has higher debt levels and delinquency rates for a number of credit products—from credit cards to mortgages and student loans—than Millennials did at the same age a decade ago. The Gen Z frustration is real, writes Jonathan Levin for Bloomberg Opinion. “If you have a job, a house and some stocks, you’re probably doing just fine. But America’s two-track economy is leaving many behind, particularly young adults.”
In recent years, the Federal Reserve flooded the system with trillions of dollars, and the “experts” assured us that there wouldn’t be any serious consequences. They were dead wrong.
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And our politicians have been adding about a trillion dollars to the national debt every 100 days, and the “experts” assured us that everything would work out just fine somehow. They were dead wrong about that too.
Our leaders are destroying our currency, they are destroying our economy, and they are destroying our future. And if you think that things are bad now, just wait until you see what the next few years bring.
We are on a highway to economic oblivion, and when Gen Z blames the generations that came before them they are right on target.
Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
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