They will not pay

Karl Denninger exhorts today’s youth and tomorrow’s debt-holders:

You have committed no crime.  You thus cannot be compelled to either slavery or involuntary servitude.  And until your 18th birthday, you cannot lawfully consent to servitude.  It is only upon your 18th birthday that you can consent.

So I say to you today, that it is your right to stand as American Citizens, irrespective of your age who have not yet consented, and say in a loud, clear voice:


You should and indeed must say it to your parents.  You should and indeed must say it in your schools.  You should and indeed must pass this letter around to your friends and others in your class and those who you associate and hang out with.  And you must say this every day, in a louder and more-cohesive voice — today, tomorrow, the next day and every day thereafter, until we the “old geezers”, realize that you’re serious.

We, the “old geezers”, never had the right to try to force you to pay $180,000 of your money that you would earn tomorrow, an amount that has almost tripled in the last ten years and will triple again if you don’t put your foot down and demand it stop.

There is only one way to make sure it stops, and that is to make very clear to everyone the following:


You must say it, and you must mean it.  You must convince all those around you, especially the adults around you, that you mean it. 

You must do it now, because if you don’t, or worse you take any act that confirms that you’re ok with that $180,000 in debt that was forced upon you then you will be forced to pay not only that but the hundreds of thousands more that will be added over the next decades. 

Of course, it doesn’t actually matter whether they warn their parents and grandparents or not.  They will not pay.  They will not pay because they will not be able to pay.