Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages

[Anonymous]

It is going to be a rough ride for a generation that aint seen hard times. Inflation will get worse, scarcity of goods will stick around, and recession. You can thank lockdowns/restrictions and climate alarmist insanity. This generation voted for prog policies that destroy the middle class. This was inevitable.



BlackRock president warns 'entitled generation that has never had to sacrifice' that they will soon face shock due to major shortages: 'Put on your seatbelts'

https://www.theblaze.com/news/blackrock-inflation-scarcity-entitled-generation?utm_source=theblaze-dailyPM&utm_medium=email&utm_campaign=Daily-Newsletter__PM%202022-03-31&utm_term=ACTIVE%20LIST%20-%20TheBlaze%20Daily%20PM">https://www.theblaze.com/news/blackrock ... Daily%20PM">https://www.theblaze.com/news/blackrock-inflation-scarcity-entitled-generation?utm_source=theblaze-dailyPM&utm_medium=email&utm_campaign=Daily-Newsletter__PM%202022-03-31&utm_term=ACTIVE%20LIST%20-%20TheBlaze%20Daily%20PM

The president of the world's largest asset management company just issued a stark warning to members of America's "entitled generation."



BlackRock co-founder and president Robert Kapito said Tuesday that the global supply chain and soaring inflation crises will soon have dramatic effects on the U.S. economy that will result in a noticeable scarcity of goods not experienced before by many younger Americans.



That scarcity, he said, will likely be a shock to the system for many who are accustomed to an abundant and comfortable lifestyle.



"For the first time, this generation is going to go into a store and not be able to get what they want," Kapito said, adding, "We have a very entitled generation that has never had to sacrifice."



"I would put on your seatbelts, because this is something that we haven't seen," he asserted, in reference to what he called "scarcity inflation."



Kapito's remarks, first reported by Bloomberg News, were made at the Texas Independent Producers and Royalty Owners Association convention — an annual gathering of oil and gas industry leaders.



Don't miss out on content from Dave Rubin free of big tech censorship. Listen to The Rubin Report now.

The warning comes just days after Bloomberg economists advised Americans to consider budgeting an extra $5,200 this year — or $433 monthly — to prepare for the effects of historically high inflation.



Inflation under the Biden administration has skyrocketed in the past year, rising at the fastest pace in four decades. Inflation is measured by the U.S. Consumer Price Index, which increased nearly 8% over the past 12 months, according to government data released for February 2022.



The dramatically inflated prices have reportedly resulted in 64% of Americans living paycheck to paycheck.



The last time inflation rose at such a fast rate was in 1982. That year, the U.S. economy went into a recession. Now, some experts are warning that another economic recession is "inevitable."



The Biden administration has been peddling a litany of excuses for the economic downturn — including the coronavirus pandemic, corporate greed, and Russian President Vladimir Putin's invasion of Ukraine — but American voters reportedly aren't buying it.



A plurality of respondents to a recent NBC News poll (38%) blamed President Joe Biden for the increase in the cost of consumer goods, while just 28% blamed the coronavirus pandemic, 23% blamed corporations raising prices, and only 6% blamed Putin.

[Anonymous]

I could have put this in either the Inflation thread or the Cost of Lockdowns thread. Since it combines both with other things, I think it's own thread is warranted.

[cc]

It is warranted Herm



It's a whole different take on it all .. a take we have not addressed .. good find

[Anonymous]

I was reading something today on my lunch break how food shortages are coming..



Canada could be more like a developing country with food shortages and families spending a much higher percentage of their incomes on food.

[Anonymous]

I was reading something today on my lunch break how food shortages are coming..



Canada could be more like a developing country with food shortages and families spending a much higher percentage of their incomes on food.

Jim Crow Joe said this -The shortage is "gonna be real," said President Biden, while Psaki stated "we're not expecting a food shortage here, at home, but we do anticipate that higher energy, fertilizer, wheat, and corn prices could impact the prices of growing and purchasing critical food supplies for countries around the world."



His policies are causing it, but he aint going to alter them. Suck it up you working class losers.

[Thiel]

It is going to be a rough ride for a generation that aint seen hard times. Inflation will get worse, scarcity of goods will stick around, and recession. You can thank lockdowns/restrictions and climate alarmist insanity. This generation voted for prog policies that destroy the middle class. This was inevitable.



BlackRock president warns 'entitled generation that has never had to sacrifice' that they will soon face shock due to major shortages: 'Put on your seatbelts'

https://www.theblaze.com/news/blackrock-inflation-scarcity-entitled-generation?utm_source=theblaze-dailyPM&utm_medium=email&utm_campaign=Daily-Newsletter__PM%202022-03-31&utm_term=ACTIVE%20LIST%20-%20TheBlaze%20Daily%20PM">https://www.theblaze.com/news/blackrock ... Daily%20PM">https://www.theblaze.com/news/blackrock-inflation-scarcity-entitled-generation?utm_source=theblaze-dailyPM&utm_medium=email&utm_campaign=Daily-Newsletter__PM%202022-03-31&utm_term=ACTIVE%20LIST%20-%20TheBlaze%20Daily%20PM

The president of the world's largest asset management company just issued a stark warning to members of America's "entitled generation."



BlackRock co-founder and president Robert Kapito said Tuesday that the global supply chain and soaring inflation crises will soon have dramatic effects on the U.S. economy that will result in a noticeable scarcity of goods not experienced before by many younger Americans.



That scarcity, he said, will likely be a shock to the system for many who are accustomed to an abundant and comfortable lifestyle.



"For the first time, this generation is going to go into a store and not be able to get what they want," Kapito said, adding, "We have a very entitled generation that has never had to sacrifice."



"I would put on your seatbelts, because this is something that we haven't seen," he asserted, in reference to what he called "scarcity inflation."



Kapito's remarks, first reported by Bloomberg News, were made at the Texas Independent Producers and Royalty Owners Association convention — an annual gathering of oil and gas industry leaders.



Don't miss out on content from Dave Rubin free of big tech censorship. Listen to The Rubin Report now.

The warning comes just days after Bloomberg economists advised Americans to consider budgeting an extra $5,200 this year — or $433 monthly — to prepare for the effects of historically high inflation.



Inflation under the Biden administration has skyrocketed in the past year, rising at the fastest pace in four decades. Inflation is measured by the U.S. Consumer Price Index, which increased nearly 8% over the past 12 months, according to government data released for February 2022.



The dramatically inflated prices have reportedly resulted in 64% of Americans living paycheck to paycheck.



The last time inflation rose at such a fast rate was in 1982. That year, the U.S. economy went into a recession. Now, some experts are warning that another economic recession is "inevitable."



The Biden administration has been peddling a litany of excuses for the economic downturn — including the coronavirus pandemic, corporate greed, and Russian President Vladimir Putin's invasion of Ukraine — but American voters reportedly aren't buying it.



A plurality of respondents to a recent NBC News poll (38%) blamed President Joe Biden for the increase in the cost of consumer goods, while just 28% blamed the coronavirus pandemic, 23% blamed corporations raising prices, and only 6% blamed Putin.

It's a perfect storm of failed socialist policies to perceived emergencies. Lower living standards are here to stay.

[Thiel]

Lockdowns and restrictions crushed demand and reopening created a demand bottleneck with supply chains not about able to catch up.

[Anonymous]

Shortages and inflation were deliberately created by progs. Millennials vote for prog policies. I don't feel sorry for millennials.

[Anonymous]

Shortages and inflation were deliberately created by progs. Millennials vote for prog policies. I don't feel sorry for millennials.

In all fairness to them, they have been sold false goods by politicians, and other societal institutions.

[Anonymous]

Shortages and inflation were deliberately created by progs. Millennials vote for prog policies. I don't feel sorry for millennials.

In all fairness to them, they have been sold false goods by politicians, and other societal institutions.

Those some same institutions will double down on what doesn't work. At some point they the so called entitled generation will have to see the writing on the wall.

[Anonymous]

Even higher food prices are coming.  



Union Pacific Railroad has announced significant reductions and delays in nitrogen fertilizer shipments to address "national supply chain issues" that could impact the spring's late growing season.

[Anonymous]

Even higher food prices are coming.  



Union Pacific Railroad has announced significant reductions and delays in nitrogen fertilizer shipments to address "national supply chain issues" that could impact the spring's late growing season.

I read CN and CP reduced potash shipments to Asia putting more pressure on global food supplies.

[Anonymous]

Millennials will suffer from latte widrawal. Coffee shortages in Latin America spell trouble for US consumers.

[Anonymous]

Millennials will suffer from latte widrawal. Coffee shortages in Latin America spell trouble for US consumers.

Poor things.

[Anonymous]

Millennials will suffer from latte widrawal. Coffee shortages in Latin America spell trouble for US consumers.

Climate change will be blamed.