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Modern Day Lives & Times In Younger Generations

 

Modern Day Lives & Times In Younger Generations

By: James Allen Homyak 

Amending periodically after origin, 8 August 2026

Our younger generations of Americans have endured some 25 to 50 forms of waste, fraud & abuse at the hands of "the System" that they've all gradually acquiesced to after being immediately "governed by and within" at newborn ages as "signed into personhood" by the parent, making them all a large contingent in the rank and file of consenting internals -- by statutory prowess and documentiary evidence; namely mom's & dad's marriage license to open things up from a legal claims ownership perspective as wards of the STATE. 

How many, show of hands, ever recall being trained in the multi-faceted "Uniform System of Commerce" that runs in correlation to the similarly multi-faceted "Legal System" or "system of justice" that's all propped up on their private contracting and subcontracting dubbed as law-abiding agencies?

Let's Examine Modern Examples of Waste, Fraud, and Abuse Happening Among Younger Generations

Analyzing waste, fraud, and abuse in the context of contemporary younger generations (Millennials and Generation Z) requires examining institutional vulnerabilities, digital shifts, consumer behaviors, systemic corruption and various complex socio-economic factors. 

Scholars, economists, and investigative journalists have documented numerous instances where systemic flaws, online schemes, and modern lifestyle habits intersect with waste, fraud, and abuse within a wide scope of ponzi-like activities.

Below is an extensive collection of examples categorized across digital economies, higher education, government assistance programs, and consumer habits:

Digital and Online Financial Fraud

Pandemic Unemployment Assistance (PUA) Fraud: 

Organized cyber rings and younger demographic cohorts exploiting lax identity verification protocols during the COVID-19 pandemic to illegally acquire billions in federal unemployment funds.

Cryptocurrency "Rug Pulls" and Pump-and-Dump Schemes: 

Younger retail investors and promoters orchestrating or falling victim to fraudulent crypto tokens that artificially inflate in value before creators vanish with the liquidity.

Social Media Impersonation Scams: 

Fraudulent profiles on platforms like Instagram and TikTok impersonating financial advisors or celebrities to scam users through fake investment opportunities.

Peer-to-Peer (P2P) Payment Fraud: 

Exploiting consumer protection policies on apps like Zelle, Venmo, and CashApp to execute authorized push payment (APP) fraud.

Instagram and Snapchat "Fliping" Scams: 

Youth-targeted schemes promising to multiply money sent via digital gift cards or bank logins, which results in total fund theft.

Fake E-Commerce Drop-Shipping Stores: 

Operating transient online storefronts that market trendy products via TikTok ads but never deliver the merchandise, constituting consumer fraud.

Phishing and Smishing Campaigns: 

Deploying automated text messages targeting young adults regarding fake package deliveries or streaming service suspensions to harvest bank credentials.

Job Scam Exploitation: 

Fraudulent work-from-home job postings targeting college students and recent graduates, forcing them to unwittingly launder money or purchase fake equipment.

Higher Education and Student Loan Systems

For-Profit College Predatory Practices: 

Substandard for-profit institutions targeting vulnerable young adults with aggressive marketing, leading to massive student debt for worthless credentials—a form of systemic educational abuse.

Financial Aid (FAFSA) Misrepresentation: 

Intentional misreporting of household income or dependency status by applicants to maximize federal student grant and loan allocations.

Academic Contract Cheating: 

Commercialized online essay mills and contract cheating services marketed to students, facilitating widespread academic fraud.

Inflated Administrative Spending: 

Universities wasting tuition revenue on luxury student amenities, administrative bloat, and sports complexes rather than core academic instruction.

Substandard Credentialing and Certification Mills: 

Online certification programs that charge high fees for unaccredited credentials, wasting young workers' capital.

Consumer Waste and Modern Lifestyle Habits

Fast Fashion Overconsumption: 

The rapid disposal of cheap, trend-driven clothing (e.g., Shein, Temu), resulting in massive environmental waste and resource misallocation.

Food Delivery App Inefficiency: 

Excessive financial waste caused by heavy reliance on third-party food delivery services (DoorDash, UberEats), multiplying base food costs through service fees and markups.

Subscription Economy Sprawl: 

Accumulating dormant monthly digital subscriptions (streaming services, gaming passes, fitness apps) that quietly drain billions from youth bank accounts.

Influencer-Driven Micro-Transaction Waste: 

Excessive spending on in-app purchases, loot boxes in video games, and virtual goods popularized by social media culture.

Single-Use Gadget and Tech Obsolescence: 

Discarding functional smartphones, smartwatches, and electronic accessories prematurely due to planned obsolescence and tech-trend cycles.

Rideshare Over-Reliance: 

Habitual reliance on rideshare services for short urban commutes instead of sustainable public transit, driving up personal financial waste.

Ghost Kitchen and Convenience Packaging Waste: 

The proliferation of excessive single-use plastic packaging associated with modern app-based consumer convenience.

Housing, Renting, and the Gig Economy

Mortgage Origination Fraud:

When the home buying industry does its con-job regarding home ownership and the purchase of residential real property, a very broad layer of transactional fraud takes place that all gets undersigned by the misinformed buyer as well as the so-called lender. A mortgage makes ownership impossible for a potentially large number of years. 

Rental Application Fraud: 

Falsifying income statements, credit scores, or employment references on digital rental platforms to secure housing in competitive markets.

Subletting Abuses: 

Unlawful short-term Airbnb subletting of rent-controlled or subsidized apartments by younger tenants violating lease agreements.

Gig Economy Misclassification Exploitation: 

Algorithmic management systems by gig companies that bypass labor laws, alongside workers occasionally exploiting multi-apping loopholes.

Affordable Housing Lottery Manipulation: 

Falsifying eligibility metrics to secure scarce below-market-rate housing units designated for young, lower-income workers.

Healthcare, Insurance, and Public Assistance

Cosmetic Procedure and Medical Spa Fraud: 

Unlicensed or under-qualified practitioners performing discounted cosmetic procedures (e.g., fillers, botox) marketed via social media, leading to consumer abuse and health risks.

Health Insurance Premium Subsidies Manipulation: 

Artificially lowering reported freelance or gig income on state health exchanges to maximize federal premium tax credits.

Fake Medical Excuse Certificates: 

Purchasing fraudulent doctor’s notes online to bypass university attendance policies or workplace requirements.

Prescription Stimulant Abuse: 

Misusing attention-deficit hyperactivity disorder (ADHD) medications obtained through online telehealth platforms with lax diagnostic standards, representing a form of medical system abuse.

Fitness Membership Contract Traps: 

Predatory gym membership contracts that utilize dark patterns to prevent cancellation, wasting consumer funds.

Known Racket Stemming From Coded Medical Reimbursement: 

See our exhaustive article titled "The Racket" at the USOA Web Portal. 

Government Programs That Employ Members Who Steal Funds Outright And Intentionally 

World's Most Authoritative Secular Sources

DOGE - Department of Government Efficiency

Government Accountability Office (GAO). 

COVID-19:

Federal Efforts to Prevent and Detect Unemployment Insurance Fraud. (Govt. Report, 2021) Internal Revenue Service (IRS) Criminal Investigation. Annual Report on Financial Crimes and Crypto Schemes. (Govt. Report, 2023) 

Would we like to learn more about the regulatory crackdowns on digital cryptocurrency scams and how federal agencies trace decentralized financial fraud?

 

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Written By: James Allen Homyak
Parent Category: Reading Materials
Category: Unruly States of Affairs in the United States of America
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    THE ABUNDANCE PARADIGM: WHY AI FORCES A RETHINKING OF MONEY ITSELF — PART 1

    By Ellen Brown on May 11, 2026

    Ellen's Facebook Page

    A Universal Basic Income (UBI) has long been proposed as a way to cushion the blow of jobs lost to automation. Under that model, everyone receives a modest monthly payment – enough to cover basic needs and prevent extreme poverty. 

    But Elon Musk has gone further. On April 16, he posted on X:

    Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.

    Rather than a subsistence stipend, Universal High Income (UHI) would be a level of income allowing ordinary people to live well in a world where machines do most of the work. Musk has also said that AI and robotics are the only things that can solve the massive U.S. debt crisis. 

    That sounds promising, but where will the government get the money to pay the UHI? Critics say any government that tried it would go bankrupt. There are also other concerns, which will be addressed in Part 2 of this article. Here we will look at the financial underpinnings: why UHI is even thinkable, why AI forces a reexamination of how money enters the economy, why the current system cannot scale to meet what is coming, and the implicit transition needed to meet that challenge.

    Why the Current Money System Cannot Scale

    The national debt of the U.S. government just topped $39 trillion. China’s is $18.7 trillion. Japan’s is $8.6 trillion. Those of the UK, France, Germany, Italy and Spain are each in the multi-trillion-dollar range. Collective global debt now stands at $353 trillion, 305% of the world’s annual economic output. So even if, hypothetically, everything produced in the world in a year were applied toward liquidating the debt, it still would not be enough to pay it all off. 

    In fact the debt can never be repaid, because of the way money currently enters the system. Nearly all of the money supply today is created by banks when they make loans. Banks do not lend their existing capital. The loan itself creates the money. The bank adds the loan amount to the asset side of its balance sheet and balances that sum with the same amount on the liability side. When the borrower withdraws or transfers the funds, either the bank takes them from its reserves in “vault cash” or the Federal Reserve debits the bank’s digital reserve account at the central bank. But the lending bank typically has funds coming into its reserve account at about the same rate as they are going out, so its reserves are continually replenished. Thus a very small reserve account can support a much larger money creation engine. For decades before the Fed discontinued the reserve requirement in 2020, it hovered at around 10%.

    The chief problem with this debt-based system is the interest, which the bank does not create in its original loan. For a typical long-term loan, interest can double the total tab or more. Where is the money to come from to pay this added liability? Across the system as a whole, it must either come from more borrowing or from existing funds. In the case of governments, that means issuing interest-bearing bonds or tapping taxes and other revenues. The interest on the debt compounds, meaning the government is paying interest on interest. This makes the debt increase exponentially, until it is mathematically unsustainable. Then bankruptcies occur, of banks or even whole governments. Booms turn into busts, and the cycle begins again.

    Today, interest on the federal debt is the second largest budget line item after Social Security, exceeding $1 trillion. Meanwhile, workers are losing jobs to AI/robotics, shrinking the income tax base. The system is clearly unsustainable.

    How to Raise Demand to Scale to the Upcoming Supply

    A Universal High Income would replenish the shrinking tax base by replacing the lost wages of unemployed workers. But where will the money come from to pay the UHI? The only sustainable solution is for the government to issue it interest-free. That does not mean through the Federal Reserve, which creates money in the same way banks do: it buys federal interest-bearing securities with accounting entries. The Fed collects the interest, which it is supposed to return to the Treasury after deducting its costs. But since 2008, its costs include paying interest on the reserves of its participating banks, which consumes its profits. (See my earlier article here.) 

    The only interest-free, debt-free solution that will actually increase the money supply sufficiently to match the projected productivity of AI/robotics is for the money to be issued directly by the Treasury.

    This is not a radical new idea. It is authorized in the U.S. Constitution, which provides in Article 1, Sec. 8, that “The Congress shall have Power To … coin Money [and] regulate the Value thereof .…” Abraham Lincoln used government-issued “Greenbacks” to avoid a crippling debt to British-backed bankers. Debt-free government-issued money was also the funding mechanism by which the American colonists succeeded in creating a thriving economy and liberating themselves from the oppressive yoke of the British Empire.

    In his 1729 pamphlet “A Modest Inquiry into the Nature and Necessity of a Paper-Currency,” Benjamin Franklin argued that a lack of currency was a tax on industrious farmers and producers, and that a reliable, locally issued paper currency was the “oil” for the gears of trade. The “Nature and Necessity” of this currency was to facilitate the movement of goods between neighbors. Franklin observed that the British strategy of keeping the colonies short of cash was a method of economic suppression. By forcing the colonies to use gold and silver, which were constantly drained back to London to pay for imports, the Crown kept the colonies in a state of permanent debt and low productivity. When the money supply matched the productive capacity of the people, universal prosperity resulted without inflation. 

    This logic evolved into the “American System of Political Economy” championed by Henry Carey, economic advisor to Abraham Lincoln. He wrote:

    Two systems are before the world… One looks to pauperism, ignorance, depopulation, and barbarism; the other in increasing wealth, comfort, intelligence, combination of action, and civilization. … One is the English system; the other we may be proud to call the American system, for it is the only one ever devised the tendency of which was that of elevating while equalizing the condition of man throughout the world.

    In the context of the 21st century, the “oil” that best lowers the friction of trade is debt-free government-issued money similar to Lincoln’s Greenbacks and colonial scrip. Rather than implementing a radical financial innovation, we would be returning to our roots.

    Inflation or Deflation?

    The chief objection to the colonies’ paper “scrip” was that they tended to over-print, so that “demand” (money) outstripped supply. Too much money chasing too few goods produced price inflation. But in the 21st century, we will soon have the opposite problem: too little money chasing too many goods. Machines don’t need food, clothing, shelter, transportation, medical treatment or other services. So who will buy those goods and services? 

    Money needs to be issued to human consumers, and not just to a few wealthy human consumers serving as debt brokers thriving on interest. To create sufficient demand for the voluminous output of AI/robotics, it needs to go to the whole national population, evenly distributed. Not only can UHI work in that sort of abundant supply without producing price inflation; it is actually essential to prevent deflation.

    In a conversation on X, Musk wrote:

    In a normal economy, issuing more money simply increases the dollar price of the existing output of goods & services, meaning people do NOT get more stuff. If AI/robotics massively increase goods & services output, then you actually MUST issue dollars to people or there will be massive disinflation. 

    As paraphrased on Yahoo Finance (reposted from Benzinga), Musk wrote that handing out more dollars becomes a problem only when the economy’s supply of goods and services fails to surge alongside the money supply. His claim is that AI and robotics could lift production so sharply that the bigger risk would be falling prices, not rising ones.

    But aren’t falling prices a good thing? In this case, no. Prices would be falling due to a lack of demand, meaning producers can’t find customers for their products. They wind up laying off workers and eventually going bankrupt. When spread across the whole economy, the result is a deflationary spiral: prices fall, businesses lose revenue, and the economy contracts, not because production is inadequate but because purchasing power is insufficient. The result is recession or depression. In the Great Depression of the 1930s, food was rotting in the fields while people were starving, because they were out of work and had no money to spend. 

    Job cuts from AI are already happening. According to the same Benzinga article:

    Evidence of near-term strain is showing up in corporate announcements: employers disclosed more than 27,000 job cuts linked to AI in the first quarter of 2026, according to Challenger, Gray & Christmas. The outplacement firm said that figure was up 40% from the same period a year earlier. 

    Robert Reich reports that wages are around two-thirds of the typical corporation’s total cost, and that in the first four months of 2026, big U.S. corporations cut over 128,000 jobs. 

    How Soon Will All This Happen?

    Another Benzinga article, reposted on Yahoo Finance on March 16, detailed Musk’s projected time frame:

    Speaking remotely to the Abundance Summit last week, Musk told XPRIZE founder Peter Diamandis that the global economy is on the verge of an explosion so massive it defies historical precedent.

    “I’d say the economy is 10 times its current size in 10 years,” Musk said, before quickly clarifying that the growth could be even more explosive. “Greater than,” he added, framing the projected shift in economic output as a “fairly comfortable prediction.” …

    Ray Kurzweil, author of The Singularity Is Near, sees AI reaching Artificial General Intelligence (human-level intelligence across virtually all domains) by 2029, and full transformative abundance by 2045.

    Other experts question these time projections, but a radical transformation of traditional manufacturing and trade is likely to happen sometime in the reasonably near future. The question is, will the money system transition soon enough to rescue all the laid-off workers from homelessness and famine?

    The Sovereign Wealth Fund Alternative

    There is another model for distributing the gains of automation, one that can be phased in gradually as the AI workforce expands. It comes from Sam Altman, CEO of OpenAI. In an ironic twist, Altman and Musk, who jointly founded OpenAI in 2015, are now locked in a high-profile legal battle over whether Altman diverted Musk’s $44 million investment to transform what was conceived as a nonprofit “for the benefit of humanity” into a highly lucrative for-profit enterprise.

    That dispute aside, Altman’s alternative model for sharing AI-generated wealth is a national sovereign wealth fund seeded by the profits of AI and robotics. His proposed American Equity Fund would take public stakes in the companies and technologies driving automation, capture a portion of the resulting productivity gains, and distribute them as universal dividends. The Fund would not replace a Universal High Income but would complement it.

    This approach has several advantages. It ties payments directly to real output, scales automatically with productivity, and can be introduced gradually, avoiding the shock of issuing large payments before the supply side has fully expanded. It would resemble the Alaska Permanent Fund, which distributes oil revenues to residents, except that here the resource would be the most powerful general-purpose technology since electricity.

    Conclusion: A New Monetary Logic for a New Productive Era

    For centuries, money has been issued as a claim against the future productivity of human labor, repaid from the income that labor generates. The logic of this debt-based system collapses when machines become the primary producers of goods and services. Then the limiting factor becomes purchasing power — the ability of human beings to access the abundance their own technologies create. That requires a monetary architecture that expands with output rather than debt, and distributes income not through wages alone but through mechanisms tied to the productive capacity of the whole system.

    Universal High Income and a sovereign wealth fund are two ways of doing that. One ensures a stable floor of demand; the other ensures that the public shares in the gains of automation. Both would be grounded in real production. But for the public to have access to those gains, the money supply needs to expand in proportion to the expanding pool of goods and services. This can be done by restoring the innovation our forefathers baked into the Constitution: debt-free money issued by the government itself.

    How to fund a UHI without triggering inflation or driving the government into bankruptcy is the first objection critics raise, but there are others. They argue that people would stop working or stop learning, that society would collapse into idleness or chaos, that life would lose meaning without jobs, that the government would have the power to control how people spend their money.  Will a UHI ring in the promised utopia or lock us into a state-controlled digital prison? Part 2 of this article will address those concerns. 

    _______________

    This article was first posted as an original to ScheerPost.com. Ellen Brown is an attorney, founder of the Public Banking Institute, and author of thirteen books including Web of Debt, The Public Bank Solution, and Banking on the People: Democratizing Money in the Digital Age. Her 400+ blog articles are posted at EllenBrown.com.tom of Form

    _______________

    Here is my comment awaiting moderation on Ellen's blog as I do hope I survive the decision of her moderator:

    James Allen Homyak, an inventive and creative Minnesotan, contends that as natural thinking and critical thinking Americans begin to privately employ a non-big-tech open source operating system solution inside their households (directed to assist and empower in virtually every facet of living) to provide knowledge management and decision support, for fitting more precisely within the DYNAMICS OF THAT HOUSEHOLD, people would become empowered in many unique ways blocked for over a couple centuries by CORRUPT BAR MEMBERS and ROBBER BARONS long gone. Unfortunately their devastating effects lived on in the corporatized shifting of the "balance of power" away from younger generations and dreaming families. Set on making a buck for a distant shareholder populace.. Jim loves to call people's attention to Ellen's content on his own portal. 

    Perhaps one day home ai will obsolete the need for massive data centers to data mine and control the subservient masses.

     _______________

     Now if Jim did something like this as he plans, the definition of a.i. would become very likely some better sets of words:   

    Active Inquiry

    Actual Intent

    Actionable Intelligence 

     

     

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    WAY TO GO MR PUTIN - RUSSIA FINALIZES 'LBGTQ PROPAGANDA' BAN

    Posted By: The_Fox [Send E-Mail]
    Date: Thursday, 1-Dec-2022 05:31:08
    www.rumormill.news/212414

     

    Many a time I often think about moving to Russia, so sick and tired of living here in the West.

    Over there things get done and child molesters etc don't just get away with a slapped wrist, free to again prey on the innocent.

    Those promoting society's moral decay will now have to answer for their actions also.

    Way to go Mr Putin.

    Read more: 'LBGTQ PROPAGANDA' BAN

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