Title: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on March 31, 2022, 06:50:24 PM
Post by: Anonymous on March 31, 2022, 06:50:24 PM
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'
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.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on March 31, 2022, 06:53:22 PM
Post by: Anonymous on March 31, 2022, 06:53:22 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: cc on March 31, 2022, 07:03:26 PM
Post by: cc on March 31, 2022, 07:03:26 PM
It's a whole different take on it all .. a take we have not addressed .. good find
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on March 31, 2022, 07:04:09 PM
Post by: Anonymous on March 31, 2022, 07:04:09 PM
Canada could be more like a developing country with food shortages and families spending a much higher percentage of their incomes on food.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on March 31, 2022, 07:12:31 PM
Post by: Anonymous on March 31, 2022, 07:12:31 PM
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.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Thiel on March 31, 2022, 08:01:06 PM
Post by: Thiel on March 31, 2022, 08:01:06 PM
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
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.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Thiel on March 31, 2022, 08:24:58 PM
Post by: Thiel on March 31, 2022, 08:24:58 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on April 01, 2022, 07:28:10 PM
Post by: Anonymous on April 01, 2022, 07:28:10 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on April 01, 2022, 07:51:43 PM
Post by: Anonymous on April 01, 2022, 07:51:43 PM
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.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on April 01, 2022, 09:01:43 PM
Post by: Anonymous on April 01, 2022, 09:01:43 PM
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.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on April 25, 2022, 07:04:54 PM
Post by: Anonymous on April 25, 2022, 07:04:54 PM
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.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on April 25, 2022, 10:05:17 PM
Post by: Anonymous on April 25, 2022, 10:05:17 PM
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.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on April 26, 2022, 07:38:42 AM
Post by: Anonymous on April 26, 2022, 07:38:42 AM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on April 26, 2022, 11:40:19 AM
Post by: Anonymous on April 26, 2022, 11:40:19 AM
Millennials will suffer from latte widrawal. Coffee shortages in Latin America spell trouble for US consumers.
Poor things.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on April 26, 2022, 01:53:21 PM
Post by: Anonymous on April 26, 2022, 01:53:21 PM
Millennials will suffer from latte widrawal. Coffee shortages in Latin America spell trouble for US consumers.
Climate change will be blamed.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on April 26, 2022, 02:06:31 PM
Post by: Frood on April 26, 2022, 02:06:31 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on April 26, 2022, 03:04:17 PM
Post by: Anonymous on April 26, 2022, 03:04:17 PM
It will be the Bean-pocalypse.... where the grinds come to a halt and street sex is traded for freeze dried coffee....
Get used to instant millennials.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on April 26, 2022, 04:02:06 PM
Post by: Frood on April 26, 2022, 04:02:06 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on April 26, 2022, 04:59:59 PM
Post by: Anonymous on April 26, 2022, 04:59:59 PM
It will be the Bean-pocalypse.... where the grinds come to a halt and street sex is traded for freeze dried coffee....
Get used to instant millennials.
Instant coffee you mean?
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on May 07, 2022, 06:11:40 PM
Post by: Anonymous on May 07, 2022, 06:11:40 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: cc on May 08, 2022, 12:32:01 PM
Post by: cc on May 08, 2022, 12:32:01 PM
It will be the Bean-pocalypse.... where the grinds come to a halt and street sex is traded for freeze dried coffee....
Get used to instant millennials.
Instant coffee you mean?
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on May 08, 2022, 02:13:19 PM
Post by: Anonymous on May 08, 2022, 02:13:19 PM
(//%3C/s%3E%3CURL%20url=%22https://scontent.fyxd1-1.fna.fbcdn.net/v/t39.30808-6/279945903_568479721301998_2129603101500415980_n.jpg?_nc_cat=1&ccb=1-6&_nc_sid=8bfeb9&_nc_ohc=4FJbZC9CBKEAX8NtTrE&_nc_ht=scontent.fyxd1-1.fna&oh=00_AT_oT_BlXc8HrG0HGXb2nUPViYXXyHpotqZF6y5MJFK1Vg&oe=627B5A0D%22%3E%3CLINK_TEXT%20text=%22https://scontent.fyxd1-1.fna.fbcdn.net/%20...%20e=627B5A0D%22%3Ehttps://scontent.fyxd1-1.fna.fbcdn.net/v/t39.30808-6/279945903_568479721301998_2129603101500415980_n.jpg?_nc_cat=1&ccb=1-6&_nc_sid=8bfeb9&_nc_ohc=4FJbZC9CBKEAX8NtTrE&_nc_ht=scontent.fyxd1-1.fna&oh=00_AT_oT_BlXc8HrG0HGXb2nUPViYXXyHpotqZF6y5MJFK1Vg&oe=627B5A0D%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)
That's about it,
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 09, 2022, 08:18:51 PM
Post by: Anonymous on June 09, 2022, 08:18:51 PM
The Isabella County Sheriff's Office posted a statement to Facebook on Tuesday explaining the agency "is feeling the pain at the pump as well."
"We have exhausted what funds were budgeted for fuel with several months to go before the budget reset," the statement explained.
Title: Re: Entitled Geny much beyond thateration that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: weebles on June 09, 2022, 08:25:39 PM
Post by: weebles on June 09, 2022, 08:25:39 PM
Also you peeps need to teach me and my generation everything you know so we can pass it down to future generations
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 09, 2022, 08:29:21 PM
Post by: Anonymous on June 09, 2022, 08:29:21 PM
You know what should scare you peeps the most is my generation is going to be taking care of your generationac_hithere :001_tongue: https://www.youtube.com/watch?v=62anCpeileg
I'd like to think my children will help me out as I did my parents, but I have to save, save, and save some more.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: weebles on June 09, 2022, 08:34:27 PM
Post by: weebles on June 09, 2022, 08:34:27 PM
You know what should scare you peeps the most is my generation is going to be taking care of your generationac_hithere :001_tongue: https://www.youtube.com/watch?v=62anCpeileg
I'd like to think my children will help me out as I did my parents, but I have to save, save, and save some more.
Good point Fash preparing to take care of my parents as well when the time comes for me to be there for them.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 09, 2022, 08:56:45 PM
Post by: Anonymous on June 09, 2022, 08:56:45 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: weebles on June 09, 2022, 09:01:32 PM
Post by: weebles on June 09, 2022, 09:01:32 PM
I aint counting on my boy to look after me. I don't expect it or even want it.I want to be independent to the end.[/i]
I totally get that part Herm cheers dude
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 09, 2022, 09:08:52 PM
Post by: Anonymous on June 09, 2022, 09:08:52 PM
I aint counting on my boy to look after me. I don't expect it or even want it.I want to be independent to the end.[/i]
I totally get that part Herm cheers dudeac_drinks
I would rather die at seventy and look after myself than live to be eighty five and dependent on others.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Thiel on June 09, 2022, 09:29:43 PM
Post by: Thiel on June 09, 2022, 09:29:43 PM
One Michigan police department is limiting its service calls because record-high gas prices has rapidly depleted its fuel budget.
The Isabella County Sheriff's Office posted a statement to Facebook on Tuesday explaining the agency "is feeling the pain at the pump as well."
"We have exhausted what funds were budgeted for fuel with several months to go before the budget reset," the statement explained.https://twitter.com/ColtonCwx/status/1534340703567941632?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1534340703567941632%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.theblaze.com%2Fnews%2Fmichigan-sheriff-limit-responses-gas-prices
The left doesn't need to defund the police. Just raise fuel taxes and cancel pipelines.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: weebles on June 09, 2022, 09:34:57 PM
Post by: weebles on June 09, 2022, 09:34:57 PM
One Michigan police department is limiting its service calls because record-high gas prices has rapidly depleted its fuel budget.
The Isabella County Sheriff's Office posted a statement to Facebook on Tuesday explaining the agency "is feeling the pain at the pump as well."
ore Ce
"We have exhausted what funds were budgeted for fuel with several months to go before the budget reset," the statement explained.https://twitter.com/ColtonCwx/status/1534340703567941632?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1534340703567941632%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.theblaze.com%2Fnews%2Fmichigan-sheriff-limit-responses-gas-prices
The left doesn't need to defund the police. Just raise fuel taxes and cancel pipelines.
The Right Left both have radical fringe elements...Why not have a multi-party system of government thus allowing a more more Centralist party instead of having to take sides?
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 09, 2022, 09:40:18 PM
Post by: Anonymous on June 09, 2022, 09:40:18 PM
The Right Left both have radical fringe elements...Why not have a multi-party system of government thus allowing a more more Centralist party instead of having to take sides?
We aint got a right in Canada. And if you ask old iron horse jockey, we aint got a socialist left either. All we have are these elitist latte slurping progs who are out touch with the masses. Truth is, they hate us. SIngh and Justine are prime examples prog elities who hate the working class.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 11, 2022, 10:33:40 PM
Post by: Anonymous on June 11, 2022, 10:33:40 PM
Huy Fong Inc., the Southern California-based manufacturer of Sriracha, confirmed that due to a global shortage of chili peppers, it will be suspending the sale of its iconic condiments, The Guardian reported.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on June 12, 2022, 10:42:48 PM
Post by: Frood on June 12, 2022, 10:42:48 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 12, 2022, 10:45:07 PM
Post by: Anonymous on June 12, 2022, 10:45:07 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on June 12, 2022, 10:49:25 PM
Post by: Frood on June 12, 2022, 10:49:25 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 12, 2022, 10:50:28 PM
Post by: Anonymous on June 12, 2022, 10:50:28 PM
For anybody....
That's good, now I can read it.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on June 12, 2022, 10:52:58 PM
Post by: Frood on June 12, 2022, 10:52:58 PM
When there's a will there's a way and chillies are easy to grow.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 12, 2022, 10:54:31 PM
Post by: Anonymous on June 12, 2022, 10:54:31 PM
ac_smile
When there's a will there's a way and chillies are easy to grow.
They even grow in our short growing season.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on June 12, 2022, 10:56:55 PM
Post by: Frood on June 12, 2022, 10:56:55 PM
ac_smile
When there's a will there's a way and chillies are easy to grow.
They even grow in our short growing season.
Or on a sunny windowsill....
I might plant some in pots this week.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 12, 2022, 10:58:07 PM
Post by: Anonymous on June 12, 2022, 10:58:07 PM
They even grow in our short growing season.
Or on a sunny windowsill....
I might plant some in pots this week.
We have hot and sweet peppers in our garden.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on June 12, 2022, 10:59:37 PM
Post by: Frood on June 12, 2022, 10:59:37 PM
I've got a 2 X 2 metre greenhouse, 700 collapsible rain water tank, and a container of seeds in the back of the ute.... but no chillie seeds unfortunately.
If the job continues to go well this coming week, stuff is getting planted.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 12, 2022, 11:11:59 PM
Post by: Anonymous on June 12, 2022, 11:11:59 PM
:smiley_thumbs_up_yellow_ani:
I've got a 2 X 2 metre greenhouse, 700 collapsible rain water tank, and a container of seeds in the back of the ute.... but no chillie seeds unfortunately.
If the job continues to go well this coming week, stuff is getting planted.
I hope it goes well for you Dinky.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on June 12, 2022, 11:13:44 PM
Post by: Frood on June 12, 2022, 11:13:44 PM
:smiley_thumbs_up_yellow_ani:
I've got a 2 X 2 metre greenhouse, 700 collapsible rain water tank, and a container of seeds in the back of the ute.... but no chillie seeds unfortunately.
If the job continues to go well this coming week, stuff is getting planted.
I hope it goes well for you Dinky.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 12, 2022, 11:57:34 PM
Post by: Anonymous on June 12, 2022, 11:57:34 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Biggie Smiles on June 13, 2022, 12:12:52 AM
Post by: Biggie Smiles on June 13, 2022, 12:12:52 AM
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
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.
and they kinda fucking deserve it.
I laugh in the face of anyone who voted for the turnip and is now crying about financial problems
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 13, 2022, 07:12:02 AM
Post by: Anonymous on June 13, 2022, 07:12:02 AM
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
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.
and they kinda fucking deserve it.
I laugh in the face of anyone who voted for the turnip and is now crying about financial problems
If they vote for the Dems again in November it would be really hard to feel sorry for them.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Biggie Smiles on June 13, 2022, 09:11:30 AM
Post by: Biggie Smiles on June 13, 2022, 09:11:30 AM
and they kinda fucking deserve it.
I laugh in the face of anyone who voted for the turnip and is now crying about financial problems
If they vote for the Dems again in November it would be really hard to feel sorry for them.
I don't feel sorry for them NOW
they're like fucking cows pushing and shoving for first in line access to the entrance of a slaughterhouse. It's insane
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 13, 2022, 10:16:24 AM
Post by: Anonymous on June 13, 2022, 10:16:24 AM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Oliver Clotheshoffe on June 13, 2022, 10:26:41 AM
Post by: Oliver Clotheshoffe on June 13, 2022, 10:26:41 AM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 13, 2022, 10:28:15 AM
Post by: Anonymous on June 13, 2022, 10:28:15 AM
I'm seeing a lot more homeless now than there were a couple of months ago. Rising rents, rising gas, rising prices on everything... a lot of people just can't make it anymore.
Same here in Winnipeg. Biden and Trudeau are getting what they wanted.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 15, 2022, 11:04:51 PM
Post by: Anonymous on June 15, 2022, 11:04:51 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 29, 2022, 07:21:49 PM
Post by: Anonymous on June 29, 2022, 07:21:49 PM
May 2020, I, along with other experts, predicted that food disruptions and even famine could follow the COVID-19 pandemic. Unfortunately, that prediction appears to be coming true, as food shortages and sky-high prices will become a long-term thing by this fall. Don't panic, just prepare.
STORY AT-A-GLANCE
It's becoming increasingly clear that severe food shortages are going to be inevitable, more or less worldwide, and whatever food is available will continue to go up in price
The cost of agricultural inputs such as diesel and fertilizers is skyrocketing due to shortages — caused by a combination of intentional and coincidental events — and those costs will be reflected in consumer food prices come fall and next year
Mysterious fires, alleged bird flu outbreaks and other inexplicable events are killing off livestock and destroying crucial infrastructure. Since the end of April 2021, at least 96 farms, food processing plants and food distribution centers across the U.S. have been damaged or destroyed
The global food price index had risen 58.5% above the 2014-2016 average as of April 2022, due to a convergence of post-pandemic global demand, extreme weather, tightening food stocks, high energy prices, supply chain bottlenecks, export restrictions, taxes and the Russia-Ukraine conflict
Combined, all of these factors set us up for guaranteed food shortages, food inflation and, potentially, famine in some places, so now is the time to prepare
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Oliver Clotheshoffe on June 29, 2022, 10:46:24 PM
Post by: Oliver Clotheshoffe on June 29, 2022, 10:46:24 PM
I keep about 30 gallons of drinking water on hand but I really should increase that.
Also a couple years ago I started lying to my Endocrinologist telling her my blood sugar is higher than it actually is so she will prescribe higher quantities of insulin and medications than usual. I then use what I need and stockpile the rest and now I have a year's worth of insulin and other medications saved up. Gonna get about ten boxes of pen needles and a few hundred test strips too.
And, as always, don't forget the manual can opener in case of blackouts. Get two in case one breaks.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on June 29, 2022, 10:55:19 PM
Post by: Anonymous on June 29, 2022, 10:55:19 PM
Every time I go to the store I pick up extra food to sock away. I check the expiration date to make sure it's at least a year away and then it goes home and into the storage room. Along with canned goods I get bags of rice, beans and lentils, cooking oil, wet and dry cat food, t.p. of course and all the other stuff I use regularly.
I keep about 30 gallons of drinking water on hand but I really should increase that.
Also a couple years ago I started lying to my Endocrinologist telling her my blood sugar is higher than it actually is so she will prescribe higher quantities of insulin and medications than usual. I then use what I need and stockpile the rest and now I have a year's worth of insulin and other medications saved up. Gonna get about ten boxes of pen needles and a few hundred test strips too.
And, as always, don't forget the manual can opener in case of blackouts. Get two in case one breaks.
None of this hoarding would be nexessary if not for those insane lockdowns.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on August 01, 2022, 12:32:13 PM
Post by: Anonymous on August 01, 2022, 12:32:13 PM
The Hershey Company warned that it would not be able to supply enough candy for Halloween and the Christmas holiday season. The candy company blamed a scarcity of raw ingredients on the insufficient supply.
Reuters reported, "Pandemic-induced global supply chain disruptions and the Russia-Ukraine war have crunched supplies of cocoa, edible oil, and other food ingredients, pinching production lines of packaged food companies around the world."
Hershey Chief Executive Officer Michele Buck said on Thursday, "We will not be able to fully meet consumer demand due to capacity constraints."
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on August 01, 2022, 03:56:03 PM
Post by: Anonymous on August 01, 2022, 03:56:03 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Lokmar on August 01, 2022, 09:32:21 PM
Post by: Lokmar on August 01, 2022, 09:32:21 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on August 01, 2022, 09:45:08 PM
Post by: Anonymous on August 01, 2022, 09:45:08 PM
IMO, most of this shortage is purposely engineered by China and possibly our own government.
We intentionally screwed up supply chains.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on August 02, 2022, 06:52:34 AM
Post by: Frood on August 02, 2022, 06:52:34 AM
IMO, most of this shortage is purposely engineered by China and possibly our own government.
It's a global cabal and they want billions dead.... by jab, by food supply, by regional and international wars.... because the free market and representative government isn't going their way quick enough...
Evil motherfuckers.....
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on August 25, 2022, 07:57:23 AM
Post by: Anonymous on August 25, 2022, 07:57:23 AM
The harvest forecast for 2022 is already looking grim. "We are already seeing large price increases from yields falling short of the U.S. Department of Agriculture's [USDA] latest August yields," said senior commodity analyst for OTC Global Holdings, Terry Reilly.
He explained the next set of price hikes—predicted by Aug. 22 reports from the Pro Farmer Crop Tour and the USDA—is aggravated by the unexpected drop in crop conditions for corn and soybeans released.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on August 25, 2022, 08:43:14 AM
Post by: Frood on August 25, 2022, 08:43:14 AM
This will only escalate with time.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on August 25, 2022, 09:34:06 AM
Post by: Anonymous on August 25, 2022, 09:34:06 AM
Across the globe, experts warn that prices will continue climbing on food commodities and brace for the possibility of empty shelves.
The harvest forecast for 2022 is already looking grim. "We are already seeing large price increases from yields falling short of the U.S. Department of Agriculture's [USDA] latest August yields," said senior commodity analyst for OTC Global Holdings, Terry Reilly.
He explained the next set of price hikes—predicted by Aug. 22 reports from the Pro Farmer Crop Tour and the USDA—is aggravated by the unexpected drop in crop conditions for corn and soybeans released.
Drought, heat and stupid environmental laws in developed countries.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on August 25, 2022, 09:50:59 AM
Post by: Frood on August 25, 2022, 09:50:59 AM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Oliver Clotheshoffe on August 25, 2022, 12:23:22 PM
Post by: Oliver Clotheshoffe on August 25, 2022, 12:23:22 PM
As officials in the country express their fears about future gas riots this winter, the German government has announced a host of new energy rationing rules that will come into effect from next Thursday.
In what appears to be the latest attempt to avoid energy shortages this winter, the German government is to implement restrictions limiting the use of energy in the country.
Ministers appear to be hoping that the rationing efforts will help reduce the risk of energy shortages this coming winter, with a number of bigwigs now openly fearful of a future of public unrest and gas riots should people be left unable to adequately heat their homes.
According to a report by Stern, limits on how hot public buildings and offices can be heated to are to come into effect on September 1st, with such buildings now being legally restricted to no more than 19 degrees Celsius (~66 degrees Fahrenheit).
Public buildings will also no longer be allowed to heat their hallways — though some exceptions are to be given for the likes of hospitals — while tap water used for washing hands will also no longer be allowed to be heated using a boiler or instant heating device.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Odinson on August 25, 2022, 04:43:56 PM
Post by: Odinson on August 25, 2022, 04:43:56 PM
I like walking around wearing only boxers.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on August 25, 2022, 07:53:18 PM
Post by: Anonymous on August 25, 2022, 07:53:18 PM
23,5 Celsius is the current room temp in my house.
I like walking around wearing only boxers.
I do that too. But, I live on a farm.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on August 26, 2022, 06:42:08 AM
Post by: Frood on August 26, 2022, 06:42:08 AM
https://i.imgur.com/2qHAZHAh.jpg [/img]
As officials in the country express their fears about future gas riots this winter, the German government has announced a host of new energy rationing rules that will come into effect from next Thursday.
In what appears to be the latest attempt to avoid energy shortages this winter, the German government is to implement restrictions limiting the use of energy in the country.
Ministers appear to be hoping that the rationing efforts will help reduce the risk of energy shortages this coming winter, with a number of bigwigs now openly fearful of a future of public unrest and gas riots should people be left unable to adequately heat their homes.
According to a report by Stern, limits on how hot public buildings and offices can be heated to are to come into effect on September 1st, with such buildings now being legally restricted to no more than 19 degrees Celsius (~66 degrees Fahrenheit).
Public buildings will also no longer be allowed to heat their hallways — though some exceptions are to be given for the likes of hospitals — while tap water used for washing hands will also no longer be allowed to be heated using a boiler or instant heating device.https://www.breitbart.com/europe/2022/08/25/winter-of-discontent-germany-to-implement-energy-rationing-amid-fears-of-gas-riots/
I'm glad I have a Solo stove for cooking with twigs and canopy floor items.... it's a great little unit....
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on August 26, 2022, 08:27:27 AM
Post by: Anonymous on August 26, 2022, 08:27:27 AM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on August 26, 2022, 09:12:43 AM
Post by: Frood on August 26, 2022, 09:12:43 AM
I don't plan on living in the forest Dinky.
Most life plans don't consider it... but we have to plan for the worst.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on August 26, 2022, 09:22:21 AM
Post by: Anonymous on August 26, 2022, 09:22:21 AM
I don't plan on living in the forest Dinky.
Most life plans don't consider it... but we have to plan for the worst.
I don't think my loafers are the right footwear in the bush.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Oerdin on August 26, 2022, 09:57:33 PM
Post by: Oerdin on August 26, 2022, 09:57:33 PM
Across the globe, experts warn that prices will continue climbing on food commodities and brace for the possibility of empty shelves.
The harvest forecast for 2022 is already looking grim. "We are already seeing large price increases from yields falling short of the U.S. Department of Agriculture's [USDA] latest August yields," said senior commodity analyst for OTC Global Holdings, Terry Reilly.
He explained the next set of price hikes—predicted by Aug. 22 reports from the Pro Farmer Crop Tour and the USDA—is aggravated by the unexpected drop in crop conditions for corn and soybeans released.
Drought, heat and stupid environmental laws in developed countries.
The thing that worries me the most are the fertilizer shortages. That can cause big drops in yield.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on August 26, 2022, 10:00:26 PM
Post by: Anonymous on August 26, 2022, 10:00:26 PM
Drought, heat and stupid environmental laws in developed countries.
The thing that worries me the most are the fertilizer shortages. That can cause big drops in yield.
Did you hear our prog pm is forcing fertilizer shortages. His emissions targets are more important than feeding Canadians.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Oerdin on August 26, 2022, 10:04:51 PM
Post by: Oerdin on August 26, 2022, 10:04:51 PM
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on August 26, 2022, 10:16:59 PM
Post by: Anonymous on August 26, 2022, 10:16:59 PM
I had heard about that. The WEF is pushing that hard every where they can. Either they are retards or they are deliberately trying to cause food shortages.
They are doing it deliberately. They are authoritarian cunts.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on August 27, 2022, 02:01:09 AM
Post by: Frood on August 27, 2022, 02:01:09 AM
The thing that worries me the most are the fertilizer shortages. That can cause big drops in yield.
Did you hear our prog pm is forcing fertilizer shortages. His emissions targets are more important than feeding Canadians.
It's industrially produced from gas and most nations are shutting these things down or sanctioning Russia who has plenty and is willing to sell.
I've been watching the slow demolition of human populations for years now.
No heat, no cooling, no travel, no food.... yeah, that'll go down well....
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Frood on August 27, 2022, 02:02:41 AM
Post by: Frood on August 27, 2022, 02:02:41 AM
I had heard about that. The WEF is pushing that hard every where they can. Either they are retards or they are deliberately trying to cause food shortages.
They are doing it deliberately. They are authoritarian cunts.
They hate other humans.... the inferior ones who are 99.9999% not like them at all.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Odinson on August 30, 2022, 03:11:53 PM
Post by: Odinson on August 30, 2022, 03:11:53 PM
23,5 Celsius is the current room temp in my house.
I like walking around wearing only boxers.
I do that too. But, I live on a farm.
I live in the suburbs.
I do whatever I wish on my own property.
Title: Re: Entitled Generation that has Never had to Sacrifice Will Soon Face Shock Due to Major Shortages
Post by: Anonymous on August 30, 2022, 10:01:22 PM
Post by: Anonymous on August 30, 2022, 10:01:22 PM
I do that too. But, I live on a farm.
I live in the suburbs.
I do whatever I wish on my own property.ac_biggrin
Do you shoot badgers for fun while guzzling barrel wash.