The following is from the book, Winter is Coming, by jim goulding
Chapter 14 - Boomers & Silents; 2004-2024
Strauss and Howe end The Fourth Turning with two chapters (10 & 11) that try and predict how the coming Winter era will start, spark, and climax.
The predictions are bold and I commend them for doing it. As I stated earlier, it takes guts to predict the future.
Let's peer into the future, and see what S&H, Dent, and I think is going to transpire.
It's important to remember what the key is to the Winter eras in American history. That key is the age location of the archetypes. This is the common thread binding the seven Anglo-American Winter eras going back to 1459. Listed below are the American Winter eras. (Appendix A lists all seven eras and the rest of the Turnings in Anglo-American history).
Crisis Era (Beginning of)
Cycle - Colonial
Era - Glorious Revolution (1675-1692)
Puritan (Idealists) Elderhood 63-83
Cavalier (Reactive) Midlife 42-62
Glorious(Civic) Rising Adult 21-41
Enlightenment (Adaptive) Youth 0-20
Cycle - Revolutionary
Era - American Revolution (1773-1789)
Awakening (Idealists) Elderhood 63-83
Liberty (Reactive) Midlife 42-62
Republican (Civic) Rising Adult 21-41
Compromise (Adaptive) Youth 0-20
Cycle - Civil War
Era - Civil War (1857-1865)
Compromise (Adaptive) Elderhood 63-83
Transcendental (Idealist) Midlife 42-62
Gilded (Reactive) Rising Adult 21-41
Progressive (Adaptive) Youth 0-20
Cycle - Great Power
Era - The Great Depression & WWII (1929-1945)
Missionary (Idealists) Elderhood 63-83
Lost (Reactive) Midlife 42-62
G.I. (Civic) Rising Adult 21-41
Silent (Adaptive) Youth 0-20
Cycle - Millennial
Era - The Great Devaluation (2001-2024?)
Boomers (Idealists) Elderhood 63-83
Generation-X (Reactive) Midlife 42-62
Millennials (Civic) Rising Adult 21-41
Homeland Babies (Adaptive) Rising Adult 21-41
As a cycle theorist, I can't look at this graph and deny what it says. Every time these archetypes line up in this specific pattern, a Crisis era ensues. (The right-hand column lists the current era, 2002).
The next thing I want to remind you of is that this is a macro science, not a micro science. Don't try to make everything perfect in generational study or you'll drive yourself nuts. I know--because I've tried.
One thing I did find while driving myself nuts was that the Generational Diagonal became more precise as our society advanced. The age locations matched closer and closer to the phases of life that S&H put forth. Basically, their model is getting better and better as time goes on.
The next item to look at is how the politically affluent generations alive, the Boomer and the Silent generation, will behave during this Winter era. To accomplish this, S&H looked at the past behavior of the same archetypes.
As the previous chapters attest, the Boomers will play a very impotent role in the era. If history and the past few years (2001-2003) are any indicator of the future, we could be in for a Winter era similar to the Civil War or worse. I see no reason to believe that the Boomers will do some sort of personal shadow confrontation in the next few years that will change my opinion.
What history tells us is that the Boomers will age much differently than the Silent generation. In The Fourth Turning, S&H go into great detail about the Boomers aging (see pages 279-287). S&H write, "Boomer gerontologist Harry Moody sees a twenty-first century shift to a 'contemplative old age' that eliminates today's focus on activity and instead 'transcends doing, in favor of being.'"[i]
In the above passage we see that the Boomers are going to "age gracefully". They'll accept their aging process, welcome it. Furthermore, they will not be as active as their predecessors.
Look for the "Boomer evangelical"[ii] and Christians to advance their radicalism. They will push for more prayer in public life. Furthermore, if Roe v. Wade is to ever be overturned it will come in a Winter era. Maybe this era. The Boom is in total political control, and it feverishly believes in its cause. If you add those two things up, the Boomers will probably get what they want.
As far as the economy, the Boom will not be in an envious position. First of all, they have a collective tendency to put off saving money. Second, they were very spoiled by their parents' new-found wealth and have no frame of reference for hard economic times. The same could be said for the Millennials and Generation-X; however these two generations have a completely different collective view about the economy.
S&H state the Boomer situation very simply: "Sooner or later, the truth will dawn on old Boomers, that the money simply won't be there to support their accustomed consumption habits in old age."[iii]
On the bright side, the Boom is not the G.I. generation. They will not transfer money away from everyone else and to themselves. They will consider the economic problem theirs, not ours. Instead of hording the taxpayers' money, they will be inclined to give up Social Security and accept a radically different version of today's Medicare. They will push the government entitlement money towards the new Hero generation, the Millennials. The Boom is not the only generation that will do this; look for Gen-X to do the same. This is because we all love the Millennials (Heroes) in youth and young adulthood. This is precisely where the Heroes get their self-confidence. However, it's also where they get the penchant for entitlement that manifests itself into a money-grabbing generation in Midlife.
A piece of information that I can't ignore, and is rather abstract, is the fact that the Boomers and Gen-Xer's I know have always conceded that Social Security will not be there. The only supporting fact that I can offer is, the G.I., the Silent, and the Boomer politicians have been looting the system for twenty years.
Quoting from a 1998 Senate Budget Committee session, the evidence presents itself.
"GREENSPAN: I will wait to see what the numbers look like.
HOLLINGS: Well, the truth is...ah, shoot, well, we all know there's Washington's math problem. Alan Sloan in this past week's Newsweek says he spends 150%. What we've been doing, Mr. Chairman, in all reality, is taken a hundred billion out of the Social Security Trust Fund, transferring it over to the spending column, and spending it. Our friends to the left here are getting their tax cuts, we're getting our spending increases, and hollering surplus, surplus, and balanced budget, and balanced budget plans when we continue to spend a hundred billion more than we take in. [my emphasis.] That's the reality, and I think that you and I, working the same side of the street now, can have a little bit of success by bringing to everybody's attention this is all intended surplus. In other words, when we passed the Greenspan Commission Report, the Greenspan Commission Report only had Social Security in 1983 a two hundred million surplus. It's projected to have this year a 117 million surplus. I've got the schedule, I'll ask to put in the record the CBO report: 117, 126, 130, 100, going right through to 2008 over the ten year period of 186 billion surplus. That was intended; this is dramatic about all these retirees, the baby Boomers. But we foresaw that baby Boomer problem, we planned against that baby Boomer problem. Our problem is we've been spending that particular reserve, that set-aside that you testify to that is so necessary. That's what I'm trying to get this government back to reality, if we can do that. [my emphasis.]
"We owe Social Security 736 billion right this minute. If we saved 117 billion, we could pay that debt down, and have the wonderful effect on the capital markets and savings rate. Isn't that correct? Thank you very much, Sir. Thank you, Mr. Chairman."[iv] [my emphasis.]
In the beginning of this book, in the acknowledgement section, I wrote about the 'horse's mouth'. That's exactly what this is. The men in charge are spewing out the truth about looting the Social Security system to the tune of $736,000,000,000. That's billions. And that was in 1998. Today's figures are--does it really matter what they are? Bottom line is, the Boomers, Silents, and G.I.'s stole Generation-X's money.
Senator Hollings (D-South Carolina) says this about the Social Security Trust fund: "The truth is that the Social Security Trust Fund has already been stripped bare. There is no trust and no fund." [v] (my emphasis.)
Lastly, I'll quote two top U.S. officials on this matter. First: Representative Ron Paul (R-Texas) states this: "The dollars taken out of your paycheck are not deposited into an account to be paid to you later. On the contrary, they are spent immediately to pay current benefits, and to fund completely unrelated federal programs.
"Your Social Security administration 'account' is nothing more than an IOU, a hopeful promise that enough younger taxpayers will be around to pay your benefits later."[vi] (Author's emphasis.)
Second: Treasury Secretary Paul O'Neill said this: "...the Social Security trust fund does not consist of real economic assets, we are left to rely on the federal government's future decisions to either raise taxes, reduce spending or increase borrowing from the public to finance fully Social Security's promised benefits".[vii]
The severe looting began in 1987[viii] when the Silent generation was in political control of Congress[ix] and the G.I.'s were in charge of the Executive Branch.[x] These two generations looted the system for approximately $250 billion. Then, the Boomers took over in 1992 and proceeded to loot the system for $750 billion.
Excellent planning by those generations. I've been robbed. You've been robbed. Our children have been robbed. Generation-X sure is an evil generation. We sure are slackers. I have an idea. Let's flip-flop all the prisoners the Boom has put in jail for smoking pot and we'll put the politicians who stole our money in their place.
If the Winter era turns out to be a double-crisis era, like the crash of 1929 and WWII, then the coming devaluation will be followed by an all-out total war. That's the problem with Winter eras. The wars are not small. They are massive and they are fought to the finish. The Boomers (who'll be in political control until about 2015[xi]) might have screamed "hell no we won't go", but they'll send someone else to die for their selfish causes. They've already been practicing, haven't they.
Only ten Senators and thirty Representatives in Congress (2003) have ever been in military combat.[xii] Neither President Bush nor Vice President Cheney has been in active duty. The unfortunate souls in this Winter era, are the Millennials, b.1982-2001. If a total war breaks out, it won't happen until after 2010. The Millennials will fight this war. Will you tell the government, "No! Not this time!"?
Or will you let them get slaughtered for some Boomer's fire-and-brimstone cause?
As a country, you sat back and let two Bush Presidents send Gen-X to Iraq. How many of the Boomer politicians sent their children to die in Iraq in 2003? Of the entire Executive branch and the entire Congress, there was a total of one child.[xiii] Typical Idealists.
Lastly on the Boomers in this modern Winter era, I'll leave off with a quote from authors Peter Collier and David Horowitz. They state that the Boomers are "a destructive generation whose work is not over yet".[xiv]
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The Silent is the only generation alive that has been through a crisis era before and will be around when it all hits the fan again. The last of the G.I. generation will be around also, but in fewer numbers and in less a position to offer help.
The Silent generation has a lot to offer: experience being the most important of this. S&H write, "Reversing the G.I. trend towards separation, these new-breed elders [the Silents] will want to stay actively engaged in an increasingly Boomer-dominated society... The Silent will feel less the senior citizen than the senior partner." [xv]
The Silents will pass their enormous economic wealth onto the younger generations, especially Gen-X, whom the Silents now feel guilty about. Looking back on their lives the Silents will regret leaving their children so underprotected and the way they rushed Gen-X to grow up fast. What makes the Silents so unique is that they never give up trying to make things right. Passing off their economic good fortune is one way for the Silents to believe they are helping the scales tip towards that goal. [xvi]
Furthermore, S&H write that the Silents will continue to "press the case for other-directed social compassion, pluralism, sympathy for the underdog, and procedural fairness." [xvii]
Lastly, S&H state that the Silents are in a position to mediate the generational war between the Boom and Gen-X.[xviii] The Silents have a long history of building committees in the political system to try and make things as fair as possible for everyone. They have a history of expanding our judicial system and creating layers of appeal processes. Although this can be defined as red tape, it can also be perceived as a collective conscious trying to work out every last detail, to make sure that nothing is missed and everyone gets heard. That's exactly what the Boomers and Gen-X need in their internal warfare.
We've looked at the Boomer and the Silent generations and their possible collective behavior in this Winter era. What about the ever-maligned Generation-X?
i Strauss and Howe, The Fourth Turning 280-281.
ii Ibid 281.
iii Ibid 283.
iv "The Looting of Social Security to Balance the Federal Budget".
v Sherman.
vi Paul.
vii Aversa.
viii See chart: "The Looting of Social Security to Balance the Federal Budget".
ix Strauss and Howe, Generations Appendix B (p.463).
x Ronald Reagan, born 1911. George Herbert Walker Bush, born 1924. (G.I. generation was born 1901-1924).
xi "Baby Boomer".
xii Wilson.
xiii Rangel.
xiv Strauss and Howe, The Fourth Turning 286.
xv Strauss and Howe, Generations 390.
xvi Ibid 390.
xvii Ibid 390.
xviii Ibid 390.
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Copyright
All rights reserved.
Copyright(c) 2003, James A. Goulding, Elmhurst, Illinois.
This book may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the author, James A. Goulding.
Printed electronically in the U.S.A. by Jim Goulding
Cover Design by James A. Goulding
Editing by Jordan Watkins
Disclaimer
This book is not an investment book. It's for informational purposes only. Always, always, always, seek the advice of a professionally certified investment adviser. I may be a trader, but that does not qualify me to give investment advice nor do I want to give you that impression.