OMFG TY! An elderly woman just broke down crying in the store because they raised her rent so high and didn't raise her SSN so she cannot afford food. The store manager gave her a full basket of food for free...
Outside the Anglo-Saxon sphere every country knows that there is a civilizational collapse going on in the West. In France where intellectuals don't wait for a subject to be declared officially not a conspiracy to study it, collapsology is a scientific branch of economics and sociology. Popular academic authors on collapsology are Pablo Servigne or Jean-Marc Jancovici. Some of their books have been translated in English. The concept is simple : the thermo-industrial civilization born from the industrial revolution is unsustainable and since we overshoot global pick oil in 2008, we are livin a slow motion collapse of a magnitude mankind has never met before. There is more that the collapse though: the international financial system being based on the petro--dollar system, the financial world elite made a global coup d'état in order to safeguard their class interests at the expense of the rest of mankind they intend to reduce drastically and to maintain under a totalitarian digital control. All the demoralising narratives we are submerged with are pure psy-ops and are part of that project.
SCROLL DOWN (AND UP 2) TO SEE PATHETIC NEO-COMMIE TRASH-POSTING THAT HAS ABSOLUTELY NOTHING TO DO WITH ANY OF THE INFORMATION IN THE VID AND THE POINTS MADE. LEFTISTS HAVE NO OTHER WAY OF SPEAKING AT EVERYONE THEY HATE.... AND THEY HATE EVERYONE.
In the 80's and 90's Al Bundy and Homer Simpson were considered loosers. They had a stay at home wife, multiple kids, owned a house and a car, on a single salary. Today they would be considered to have been successful. That is how the economy is doing.
Frank Grimes episode was a secret halloween special. Grimey is actually born in 2007 during Motion picture, lived outside of Springfield and its floating timeline regular zoomer life, got used to doomer realities, travels back in time, but his life remains that of a zoomer adult despite landing in the 90's. Hence he just can't accept "ordinary" Springfield life and Homer's lifestyle and why everyone doesn't get his frustration. He has seen where it leads to, he has been robbed of such life, he sees those happy folk of the past and as if in the nightmare, they don't hear him.
First we do not know if either family owned their houses straight out or if they have a mortgage. We do know the Bundy home is built on a former native American landfill. We also know they have the same shit box dodge for the whole series.
@@d3faulted2 I want to note that this is whole thing is silly given that we are talking about fictional families who given how broke they are most likely would not have a home in real life. To go on with this note we can also he the Gallaghers from shameless have home and given the father is an unemployed drunk and the oldest daughter jumps from one minum wage job to another they too shouldn't have a home. This is the up side of being a fictional family written for a Americans to watch. Shows do note get the true reality of lower class living ever.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
REBECCA NASSAR DUNNE is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
"Nothing. Nothing is wrong with the economy. Line Go Up. Stop complaining. Stop whining. Stop quiet quitting. Just make money harder. Stop noticing things. Just Say 'No' to Noticing." - Prosperity, Inc (with the endorsement of the Ministry of Truth)
“I have urged our fellow Americans to go about their lives, to fly on airplanes, to travel, to go to work, and to go shopping.” -George Bush (After 9/11)
I’m a boomer who can actually see what’s going on, unlike some of my peers. My parents grew up during the Great Depression/WW2 era, both were too young to join up by the end of hostilities. My Dad never finished high school and bought a house with the equivalent of one year’s salary punching a time clock in a factory. Although it was on a 25 year mortgage, it was paid out in 15. On one income, he raised my four brothers and myself while my mother was a stay-at-home who baked awesome cookies for us when we came home from school. When I was a teenager, my parents bought a cottage and boat for us to spend the summers at. Basically, it was a pretty decent middle-class lifestyle. Fast forward one generation. My wife and I are both university educated and have good white-collar jobs. With no children, we managed to pay off our mortgage in time for retirement. Of my nephews and nieces, there are only two who have homes and will never be free from their mortgage until they sell. My older brother is still working at 67 because his son, daughter-in-law and three grandchildren are living at his place due to their foreclosure. Of my great-nephews and nieces, that’s another story. The best they can hope for is to maybe make enough to get an apartment on their own without roommates. Forget owning anything, they’re just surviving, crippled with student debt. When I was a kid in the 60s, we knew that by 2024 we wouldn’t be living on Mars or driving around in flying cars like the Sci-Fi movies of the day said we would, but we did honestly believe that each generation should have it better than the previous one. Something is drastically wrong.
The Heritage Foundation Presidential Transition Project MAGA 1980 neoliberalism. That's what's wrong. And it is going to get much worse courtesy of The Heritage Foundation Presidential Transition Project MAGA 2025 christofascim. The guilty party is blame-shifting all of our socioeconomic woes on "other". Circumstances are so bad, especially for us disenfranchised under-40s proletariat, that they're going to fall for the promise of trickle down, a break, all over again. And it will never materialize, just like these past nearly 50 years. Only shareholders, assets/equity holders, benefit a little alongside the windfalls to the actual capitalist owning class elites. This system is setup to siphon all wealth to shareholders and the top 10%. The bottom 10-20% are literally on pocket change. The former middle class is still getting squeezed on tax and bitterly resents "other" beneath them for it. Not the interests that have imposed this purposely unsustainable system upon us. Don't be surprised when a ratcheting up of "look the other way" indirect genocide results. It's always been here for "other", but the scale of it is going to go off the charts. That's what MAGA Project 2025 is. They want to utterly cut every crumb that the disenfranchised get. Which everyone is a few missed paychecks or an unexpected medical bill from themselves. Crumbs that are just barely enough to literally survive on as it is. We DO need reform but THIS isn't it.
Guess I dodged a bullet by being too and unstable to finish community college huh? ^^; I still want a job that pays past $2k a month :\ Being 32, turning 33 in 2 months doesn't help me either
Thanks for pointing this out. Sometimes we need a Birds Eye view to see whats going on. We are getting squeezed over multiple generations by the banking cartel and the people who run the world. Their motto is “You will own nothing, and be happy”
@HackersSun I was 40 yrs old when i 1st started makin $20 an hour. That was 2 yrs ago. The kids that are starting out and im training are making $18... I imagine 20 yrs from now these kids will be making $30 an hour and the new kids they train will be makin $28
1984 is the single most terrifying book I ever read. Not because of its brutality, or authoritarianism, or hopelessness, but because Orwell knew something about humans that almost nobody else seems to... For the vast majority, perception of reality is dependant on consensus. The normie mind NEEDS social acceptance to function, and that means they will always be easily manipulated by whoever understands this and has the means to exploit it. For someone who is capable of perceiving reality independently, it means you'll always be subject to the stupidity of the mob, and there's nothing you can do about it. You are forever forced to witness but can do nothing to save society from itself.
I was far more frightened by Brave New World. It's far easier to inflict pleasure on the masses as a means of control than it is to inflict force or pain. The problem is we live in a world that has hybridized both worlds.
@@JackSlicethose were rhetorical devices, first of all. ...second of all, chemical weapons _were_ used in the Syrian Civil War, AND that freak explosion in Beirut...? Improper munitions storage. Bushes weren't honest about it being grounds for invasion, but...? Frankly, the Middle East wasn't getting any better on its own anyway.
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
It's a bizarre thing. In the same newscast, the news anchor tells me how awesome the economy is doing, then a few minutes later tells me about the homeless encampments. Someone is GASLIGHTING me, and I don't think people are living in tents on the sidewalk in an attempt to trick me into thinking the economy is bad.
@TheMyrmo they're in on the scam just as much as we are. All they do is read the teleprompter and worry about their ratings. We are all confused and trying to see the big picture. Even the liars think they're lying for a noble reason.
A few things I’ve identified. 1. We stopped building new housing after the 2008 housing bubble burst, so now the price of housing is rising rapidly 2. We don’t have enough skilled labor to replace the labor leaving the market, which innately causes low supply driven “inflation” (really we just can’t produce as much). 3. We printed trillions of dollars, which is driving inflation.
@@TheMyrmobecause news anchors decide what stories to cover and how. They don’t have leadership or writers anything, it’s freestyle up there like an independent RUclipsr right?
Apparently the economy is fine if you make over a couple hundred K and have owned your home and land for a decade. Those are the people who keep telling me there’s nothing wrong with the economy
I grew up poor, worked my ass off for 30 years, started businesses and did well. I am comfortable and can say because of my extra income, during the downturn I more than doubled my net worth by buying property and closed business in anticipation of the reopening. There is a big truth in the rich got richer. I’m on the lower end of the 1%, even then our families net worth exploded in a very short time.
@@floridaman4073 the advice we peons get from out of touch folk comes down to things we can’t afford to do in the first place. Buy land, invest. How do we do that when we have to choose 2 out of rent, gas, and food?
It's not a disaster for everyone. I support my wife and child on a single income and plan to have 5 more kids in the house that we own. Part of what enabled that is we made sacrifices to get out of debt and keep costs low. We drive cheap beat up cars, rarely eat out, and buy most things second hand. Part of what is wrong is the vision that is pushed.
@@Tunda2 If you really have to choose between the 3 you are spending too much on food and rent. You have to make sacrifices to first get out of debt. Add a roommate or find a cheaper place to live. Eat out less and completely uninstall doordash or Uber eats from your phone. Limit or entirely stop buying video games or streaming services. You have to live below your means. And that sucks and is hard. But there is hope. I'm 29 and have a home and a stay at home wife who raises the children. I've been in rough financial shape before so my advice comes from experience.
@@theninjaofmusic I work just under 60 hours a week and can't afford the combination of rent, food, car insurance, gas, electricity, garbage service, water, etc. Rent alone is about 60% on the low end of apartments/rooms. A lot of times renting a room only gets you a reduction in electricity, water, garbage, internet, etc. because you have other people to chip in. The problem is that you need more rooms to split and thus the price goes up accordingly. I can pay 1200 for a single bedroom by myself, or I can pay the same amount for a roommate situation in a 3 or 4 room apartment or house. I don't use apps at all, I don't even have a Facebook. I buy virtually all generic medications and food unless there's no generic alternative. I do most of my own car repairs. The truth is that the political and corporate elites have stolen value by overprinting money and using things like shorting stocks to migrate value from the lower class to the elite class. My parents used to be middle class back in the 90s/00s with an income in the mid 60k range, and with other projects they did, probably grossed about 80k before taxes. They are now considered upper lower class. Their incomes have stagnated despite the fact that they've received multiple raises and promotions within their respective fields. Higher taxes, lower buying power, it all adds up. So what hope do I have, as a nobody with no connections or gimmicks. I can shoot a rifle pretty well, but the military don't want my broken body no more. Don't really want to become a criminal or terry but at some point it's basically that or stick the muzzle in my own mouth, just like the government wants us to do.
I no longer believe hard work pays off. I no longer believe that you shouldn't assume it is ignorance when it is most likely malice. I now believe peaceful protest will not change anything.
Well I hope you no longer believe in the Monetary-Market religion either. Capitalism is killer. Money is a means of enslavement. We are born into bondage, without consent and indoctrinated through various ways through childhood and into adulthood and very few of us think outside the box. Based on trends, if we don't fundamentally change the structure of our system, humanity will not last long and it will be a VERY bumpy ride from here on out. But if we do turn the tables, if we do see a new precedent set by various cooperative communities using the tools of enslavement as tools of liberation, like One Small Town is set up for, and that catches on around the world, the snowball effect could take over and we can see a brighter future emerge. Time will tell. What side do you want to be on? The side that follow the truth, acts on viable methods to change the world for the better despite the challenges or the side that doesn't go for it, ultimately accepts the status quo and just hangs on for dear life as the ship sales into more and more troubled waters?
I had a huge tech project once where for successful completion we should have gotten 12 engineers or so. Well, we got 7 managers and 4 engineers at the start. It was a complete dumpster fire. We had 5 hours of meetings, because every single manager wanted to have his or her own meeting to discuss things. After 5 hours of meetings you were expected to do your job, which would have needed you to work over 20 hours per day on technical stuff. Needless to say, after a few months it was evident even for managers (after us telling them every day) that this won't fly like this. So they brought in THREE engineers and 2 more escalation managers. So for a job that required 12 engineers, and a management intern we had 7 engineers and 9 managers, and it remained a mystery forever why we always missed every single deadline, and why we were always tired and overworked. Oh, and the managers cost about double compared to the engineers.
I worked there too, but it was 12 managers and 3 engineers because the product line was "being phased out," yet the contracts kept coming in, products sold as "off the shelf" but somehow each project required new customizations, docs, tests, and its own pair of managers, leaving each engineer juggling 2 or more projects at a time while being yelled at by 4 managers.
literally, too many people who dont do any actual WORK. They instead sit and look busy on the side, then claim 80% of the success (i mean pay) when the work is done.
I'll always remember my dad mentioning to me that when he was in elementary school (late 60s) the school janitor owned a home with a yard and his wife stayed home with the their four kids. I can barely afford my studio apartment and dog vet bills in Utah making 70k as a business manager
Meanwhile, African population is exploding exponentially. Why have we prioritized their well being when the human population of Europe and the USA is declining?
Did we forget 5 years ago the managerial class was saying "our standard of living has to decrease". I think things are going exactly to plan. Their plan.
@@Mcfunface The ones committing a genocide in front of the world with shit eating grins on their faces while they use a genocide from over 80 years ago in another country as justification?
This comment perfectly describes exactly how I’ve felt for the past 10 years. I don’t consider myself particularly astute or intelligent, but it’s become increasingly obvious to me that most people don’t have an original thought in their heads and are basically just going along with the crowd 90% of the time. I feel like I just have to sit by and watch everyone around me mindlessly following the popular narrative until it bites them in the ass, and they learn the hard way what was obvious to me the entire time. By then, a great deal of damage is already done.
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I make 75k a year as the sole income for my family. We live as far out into the sticks as I can reasonably commute. I drive 2-3 hours a day to and from work. I'm gone 12-16 hours a day. We don't have a car payment. We only have 1 child and we've had to beg our parents and the local church for food. We're drowning in hospital debt from the birth of our firstborn and there's more days than there aren't I just want to paint the ceiling. Don't you dare ever try to tell me this economy isn't bad.
@@nietur No. My wife tried applying for medicaid or some shit and they gave her some bullshit about me making too much money or that she had to apply while she was pregnant, not after birth. We've legitimately talked about just doing a facade/paper divorce just so that she can apply for food stamps and all the welfare program bullshit.
Just don't pay it. Medical negative items don't even really affect your credit anymore. Or max out your credit cards and file bankruptcy. There's no reason to live the way you do if this is true
Similar: Same salary, but my wife works a technical (no school) job. It puts you in an income bracket where you aren't eligible for assistance, but don't make enough to stay ahead. The ever-present 6 month(ish) emergency (dryer goes out, need new tires, etc) wipes out what little we can save. I am more educated, skilled, and well-rounded than my parents, grandparents, etc ever were, and I'm living significantly worse than them. My only condolence is that information is free and more available now than ever, and I can take those reigns and be a better husband, father, and neighbor in general. Acclimate, adapt, and overcome.
@iananderson5972 Why not give benefits to workers for better productivity, if that money is given to managers, then managers will yell at workers to work faster. Bad work mental health for workers.
@@juriscervenaks8953 Because managers are the ones that are in charge...of course they're going to give themselves bonuses at the expense of the employees.
@@panderson9561 But i don't understand how they are not going out of business, to competitors. If most of managers are useless leeches, then competitor firm with 1-3 or no managers could offer cheaper prices to consumers, and would take other business jobs. Only think i can imagine is cartel, all business are conspiring not to lower prices, and hire family members as useless managers. But if only 1 firm chooses to fire useless managers, all that conspiring goes bust. Is there other reason why they don't go bankrupt?
It's like Undercover Boss. The managers were the real problem but they never got reprimanded or replaced. People in leadership positions get there because they're able to manipulate and project an image that is a fantasy. The bosses buy promises that can't possibly come true. It's a human thing.
So sick of the establishment not only lying to us, but sick of dealing with the proportion of the population that still believes it. And let me be clear... I'm not saying I know any better... not saying I'm better than anyone else. But I am saying I'm sick of putting up with all this ignorance and division. Great video.
I feel your pain, ever since Spring of 2020 my contempt and disgust have been off the chart but I've been learning to live with it...accepting that the comfortable delusion wins over the hard reality for the vast majority. Uncle Ted's manifesto was accurate, over socialization will end our society.
I admire that you're enlightened, but let me enlighten you further. The whole point of ALL propaganda isn't to convince you of their narrative, but rather to convince you (the individual) that everyone else (the whole population) believes their propaganda. This renders you neutral, as you cannot band together with other people since you believe you are among the very few who know the truth (which is false, there is a large number of enlightened people), and also works for the normies who will dare not question the narrative even if they have an underlying feeling that something is amiss, since they are conditioned to believe the whole population believes in the narrative.
I'm pissed off that not only did they lie to us. But they spent a fuckton of money on further dividing people with ignorance. Anybody that tries to fix things usually ends up dead or in jail. The government doesn't even really tolerate to much trying to separate from the goverment.
You are directly saying you're better than everyone else, by saying that half the other part of the population is brainwashed by the establishment because they don't have the same politics as you, or vote for the same people as you. You're right about one thing, you're not any better, no one is. You have as much rational thinking, as much tribalistic behaviors, cognitive dissonance and irrationality as the other side of the political isle. Truth is, both sides are dumb, we're all dumb. We all think we're right and have the same things to say about eachother, but if we were ever being honest we'd never fight as much as we do. The only one's who's dividing us are ourselves, because we like to be on the 'good' team, we like to imagine that WE'RE the one's that are right for America, and that the other side is destroying it. The truth is we're all apart of the 'establishment,' we're all complacent to it and we're all brainwashed by it. We're all dumb, irrational monkeys who are wrong about everything. We're all ignorant, by more or less the same amount. Funny thing is, the other side would say the exact same thing as you about them. You're not a revolutionary thinker, you're not special, you're not taking a stance against the establishment. We're just dumb humans speaking with our emotions. That's all we are and all we ever will be until we face the truth about ourselves. The truth that ever single thing we think, we do, we support, we argue, is pervasively tainted with human flaw. And that, every conclusion we've ever come to is likely wrong, or lacks nuance. Nothing is absolute and yet we always act as if it is.
Dude… they putting up fake job postings not to scam but to “prove” companies are hiring meanwhile, they’re finding the smallest slightest reason not to hire people
To be "hiring" constantly makes the company look good for investors or to boost stock prices..."look how busy we are, we're hiring all the time invest in us"!!!!
Monthly groceries for me, by myself back in March 2020 according to an old receipt was 121$ and I ate out at a restaurant 2-3 times a month. Now? The exact same groceries because I wanted to test this, according to LAST MONTH'S receipt, totaled 291$. 121$ to 291$ in just....3-ish years. That's MORE than 100% increase isn't it? Btw, this is in North Carolina, which has regularly ranked as the 24th cheapest state to live in since 2021, meaning it is somewhere in the middle according to affordability.
@@wohendumwing3ee9 I don't have receipts, but buy mostly the same things over and over. Eggs used to be about $1 a dozen at the Walmart here, now $2.19 a dozen. WM bread used to be $1 a loaf, now $1.47. I'm no math major, but that's far beyond 20%.
As an economist, I get really frustrated when people say that the standards of living are much higher now than in the past. If you look at the progression of average wages compared to median wages in real terms, you will get a fuller picture. Average wages increase, but median wages have remained more or less stagnant since the mid-70s in the US and the UK (mid-80s for most continental European countries). This is because income inequality has increased steadily over this period. If you consider people in the bottom 50th percentile, their real wages, for the most part, have actually decreased. All this while the cost of housing, education, and healthcare has grown more than the CPI. The average is being dragged up by the wealthy, who have seen incredible increases in their income and wealth.
Media doesn’t factor that in. When they report debt has gone up, they will never mention the rich are doing better in the same breath. Just let the sheeple blame Trump, Biden, Putin or whichever backwater war-torn region is popular that decade to sell weapons to. The rich want their dominion to remain unnoticed.
As an "economist", did you ever realize that the (monetary) market system is a fundamentally and profoundly anti-economic slave control system? That monetary value is a delusion? That money is a tool of greed and mass control, because it doesn't spoil like everything else and so allows hoarding into infinity and beyond and made slavery impersonal and so the most normal thing ever?
Compared to 200 years ago, our standard of living today is incredibly high, simply due to advances in technology. I have a niece who was born prematurely and probably would have died if not for medical technology. That's priceless. But compared to 50 years ago, yes, ordinary people's standard of living has stagnated. We're working more to end up with less. And compared to where we should be, given advances in technology and increases in productivity, we're doing terrible.
inflation is a sustained increase in the money supply of a country ... translates to Money printing ... THATS IT! STOP PRINTING AND INFLATION ENDS... anyone who disagrees is misinformed and incorrect ... (Really its that simple)
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Before you invest just know you'll need a half million dollar portfolio just to make 50k a year off of dividends. Nobody's getting rich off of fucking stocks. I'm going to become a section 8 landlord to accrue my wealth and create a real estate empire. Won't be super fast but I've ran numbers and talked extensively with a guy who's done it and it will fucking work.
"They've built their own prison, so they exist a state of schizophrenia. They're both guards and prisoners, and as a result they no longer have - having been lobotomized - the capacity to leave the prison they've made or even to see it as a prison."
Trump definitely has the influence, charisma and the support base to even be a dictator forget trying to arrest him but watch him and his base still point fingers and act not in control when he is back in office
The housing crisis in the United States is insane. It's the root of many of the ongoing societal issues. The CPI is up 20% but that hides the true scale of price increases. If you look specifically at rent you're looking at 50+% over the last 5 years. Wages have not followed. Unfortunately, some cities/states are willing to let illegal migrants in, house and feed them for free. Is immigration the core issue? Probably not. But it's the one of the more tangible issues. A lot of Americans are tired of it, and I can definitely see a rightward shift in politics in this coming election. Not sure what the future holds with that, though.
I'm still skeptical, but I agree. The fact immigration is the biggest issue to voters right now suggests people are starting to see through the open-borders BS.
@@urphakeandgey6308eh, I’d say inflation first and immigration second. A large portion of Americans do not live in immigrant heavy regions thus it’s not their number 1 issue
I said this to my grandma...I've talked about it for years and like you said prior to trump was mocked, silenced, and ridiculed. In the past 1 man worked and provided for a family of 4. Now both parents work, can't afford one child, a house, or anything. We've basically been turned into wage slaves if you're not in the managerial class or above and even they live harder lives than people in another time.
@@sullathehutt7720Computer work is real . The reason it makes money is because of how many normal office workers 1 programmer can automate out of a job .
The problem with the economy is that the value of human labor has been plummeting relative to the value of capital for 50 years now. If you already own significant capital, this is great news. But if you don’t already own capital, it is becoming harder and harder to work to acquire it. This is how we have such disconnects as simultaneously having a booming stock market, and a housing affordability crisis. Our society is rapidly regressing towards a feudal Europe style system, where a tiny, non-working class owns everything, while the rest work their lives away to own nothing.
That’s not great at all for long term population growth because 1. You would reduce fertility rate and 2. The worse it gets, more weird places seemingly become better immigration destinations like Russia Note: I’m not saying Russia is good right now but it’s a decent choice if you had to choose between it and living as a serf in a neo fuedal USA
@@simonpetrikov3992 slowing population growth seems to be the natural correcting method for our current problem. A population decline would be even better. While Earth is generally theorized as being capable of supporting up to 14 billion people, several studies suggest that the maximum number of people that Earth can support at a reasonable standard of living is only 4 billion. We’re already at double that.
I have a decently respectable job as an electrician. 50 years ago, hell even 20 years ago, I would be somewhat well-off, at least middle class. Not now. I'm sick of being a poor wage slave with no savings or hope of affording a house or a family here in the prime of my life when I should be making progress on those goals. I'm tired of being alone in my tiny little overpriced apartment in the city. I yearn to run a small sustainable farm on a modest piece of property and raise a family, as if this is some lofty goal and not the default predicament of a medieval peasant. I'm hopeful for a collapse if only to see some spark of real change, of a society being forced to finally confront the real ugly problems it has been sweeping under the rug for a century. I'm tired of being stuck in wage-slave purgatory yet I fear the grotesque horrors the collapse will inevitably bring. I pray that God will grant us strength, courage, patience, and perserverance through the tough times ahead staring us straight in the face. Boys, unfortunately the time has come to face the suffering the world has prepared for us in order to become strong men and lead the world to greatness once again. I have faith in those still reading this comment. Lord have mercy.
There's got to be a turning point soon. There's a confluence of too many negative factors for this to continue. For young people today, the economy is terrible, the dating market is terrible, the political system is totally screwed up. There's no social cohesion, no great project, no real reason to live other than basic survival. We're isolated and alienated. And we're told it's all our fault, and constantly gaslit on tons of other issues as well. Depression and anxiety are through the roof. Most people aren't happy. For most of us, our historic religion (Christianity) is no longer plausible, so we can't lean on that, either. Something's gotta give.
As someone who never had a high paying job, at the age of 30 I own a small homestead on 10 acres. Believe in yourself and do it. It took me a decade to get here and I'm still building it up. IMO there is no better way to fight back then to circumvent this corrupt society by providing your own power, water, food, fuel. Figure out a crop/product to produce in surplus and directly compete with corporations, or in your case you can provide a service. Keeping your debt and cost of living low will make it possible. Modern technology makes this lifestyle much easier than any peasant had it, don't let conformists and naysayers tell you otherwise.
Get out of the city. I'm from DC and couldn't afford rent or food. Moved to Tennessee and I'm upper middle class over night. I have a ged and I'm a veteran. I drive a bull dozer now for $20/hr. Yes I have some veteran benefits most ppl don't have, that's why I say upper middle class. But if you move somewhere the cost of living matches your income, alot of your problems will no longer exist. You can buy a plot of undeveloped land for dirt cheap and do whatever you want with it. I went from living in a car, to owning a 3k sqft home on 10 acres. In a matter of 6 yrs after leaving the city. Cities tax you to death. And most ppl have no reason to be there except they think it's the cool place to be. All my friends in dc are always crying about being poor and they are unemployed or work in coffee shops. Trying to pay 2500 a month rent. Like WHY... my mortgage isn't even 2k. But they are democraps and think red state means evil racists or some nonsense
There's also a difference between someone who studies the broader economy and someone who studies investment and individual businesses. The economists who focus on Warren Buffet-style stock analysis all tend to be quite wealthy.
wrong, in the lottery there is no way to have an edge, all perimeters are unknown to observers economists that studied austrian school of economics must be doing well, not on regime wages but on market returns performance
I was a team leader for a top tech company you certainly know. Literally every day we had some DIE (diversity inclusion equity) related company news, blog post, mail, office campaign, event and so on. We had to do trainings every year to prove we love women, people of color, and alphabetsoup people. Just our money and time wasted on DIE definitely decreased our efficiency by 10%. Our kitchen tables literally had LGBTQIA+ magazines and pamphlets training you in how to give and receive anal sex. There there was the problem of affirmative action: We had quotas for women and people of color in hiring, leadership, training. You got people pushed into positions over more competent people just because of their irrelevant characteristics. I did a lot of hiring and interviewing. One time I had to give up on a really competent guy, because there was a female candidate. Another time I had to give up on a really competent girl, because of a mus|:m candidate. How much efficiency do we lose to affirmative action? I don't know, half? Then I told HR that I am not willing to consider a person's color, ethnicity, sexuality, gender when hiring. I was fired for it.
@@terryenyart5838 But you see that DEI is manufactured distraction by the Ruling Elites to try and keep the lower classes from rising up and building a better system to topple the capitalist stranglehold currently on the world economic system, right? I think more evidence of this will come out over the years, but I will not be surprised if DEI is found to be a psy-op by some elite bankers and elites who knew that social unrest was coming and they needed something to try and divide the lower classes. DEI seemed like the best option. And, unfortunately, it seems to have worked, so far.
Amazing, keep it up, I do have a thing to say, I noticed that a lot of conservative or just non-leftist youtubers are not only not recommended, given a voice, or shown in the listings, but also that videos that actively denounce things like conservatism, traditionalism, and masculinity are actively pushed by the algorithm, I personally have a theory that ideas of toxic individualism and ultra-progressivism are actively supported and pushed out by the establishment. Just a hunch, anyways keep up the good work. edit: I think I need to clear this up, but I don't think it's just the algorithm because even on guest accounts, I see that certain more progressive channels are pushed more than conservative ones even without any watch history or frequently viewed channels
I see lefty videos promoted but conservative videos being hidden is cope. I didn’t serch up anything and I was presented red pill, conservative content, ect.
And what's going to be the backlash to all of this? Best case scenario we see a highly traditional future, a peaceful transition and things go quietly back to normal, Worst case scenario, We get a full blown actual Fascist revolution in multiple different countries out of the anger of young men and women.
People need to stop referring to greedy companies as wasteful. They aren't burning through money wastefully (e.g. hospitals) they are funneling money to the oligarchs. It is *by design*
Entertainment industry is right now at a feverish pace. They've always been a cash sink--"Hollywood accounting" and all but it's stunning to see how much they are wasting currently on offerings with little to no return in most cases.
To build a business you often need funding, and to get funding you need to give up a part of the company to the people who funded you, so that if your business succeeds, your investors make profit.
@@gwills9337 You can't build a successful business without making a rich person even richer. That's the point. Why does a rich person always have to be in the picture to take a piece of your hard work?
There’s nothing wrong with the economy by historical standards. What we’re going through is practically expected by those standards, as is elites gaming the system to their advantage. It’s simply strange by our standards because the last great economic shrink was the Great Depression, and as the Greatest Generation dies off, replaced by the Boomers who have known the best economy in history, the conception to both the old and the elite that things can really go wrong is lost to them. And thus we’re stuck with elites and elders wagging their fingers at the youth, out of touch with the fundamental reality on the ground.
Exactly -- boomers who never lived through times where America was not in this very specific position (top of the world stage), literally don't understand that we cant make everything perfect and print money and pretend bad things wont happen, but of course it will be us who deals with it for years to come
@parkourpanda6556 not just us. Our children and possibly their children if things don't stop getting worse. If we stabilize things will suck but suck is better than f@cked.
You give the Great Depression as an example of precedent for whats going on today, but really; when wa the last time a country was facing mid-term extinction because it become too expensive to make children? AFAIK, thats an historical first.
@@JohnJohn-jq7cd Yep exactly, it is true that there is some precedent in all of this due to the typical historical cycles of rising and falling dynasties and the eternal tug of war between labor and capital. However, we have never before seen in known history a situation so dire and complicated as our present one. There simply is no precedent to know how bad the coming fall will be. And when you add into that the fact that technological development, extensive employment specialization, and globalization have completely detached the overwhelming majority from any kind of understanding or control over their own basic survival needs... Things are looking like they'll be quite rough in the future.
2008 was essentially the 2nd great depression, they just printed their way out of it. That's what most people miss. The reason we believe in inflationary monetary policy is because of the great depression.
This is why we have to keep Republicans out of power. Reagan, Bush, and Trump were horrific for our national debt. We were on a path to paying our debt off before Reagan annihilated government revenue etc.
The guy at the top for the last 3 years showed how qualified he is to run the country during the June 27, 2024 debate. Same people who told you he was "Sharp as a tack" are telling you the "Economy is doing great".
@@nieturno, not the last 7 years. the economy was doing great under trump until covid happened and everyone was blindsided. he had no choice but to print money. if trump kept the country open, the media would’ve been blaming him for every covid case, which they did either way. the insane part is, even after we realized shutting the country down did nothing to solve outbreaks, biden still continued to keep things shut down and printing more money up until 2022. nice cope tho.
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
Sure, investing is plain-sailing with the aid of an invt-specialist, thus I've always delegated my excesses ever since the rona-outbreak in January 2020 using a shrewd advisor, and my investments have compounded by at least 300%, summing up $820k ROI as of today.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Kinda weird seeing my dead grandpa is technically still wealthier than me. He died 10 yrs ago. My mom and her siblings haven't spent all of their inheritance money and property. A dead man has more riches than me, a guy in his productive age
Why don't they pass the money to you kids? Because they are the generation that took from their parents and their children. I know, because mine did the same thing and so did my wifes parents.
@@dualfluidreactor 50 years of wealth being used up for 10 years straight by multiple people. Against ~20 years of income being earned. One is decreasing. The other should be increasing. If the economy was better than in the past, then the person who has been working in his prime should not be poorer than the person who has been dead for a decade whose wealth was being spent by at least 3 people.
Our economy is afflicted by uncertainty, housing troubles, foreclosures, global shifts, and the aftermath of the epidemic, all of which contribute to instability. To restore stability and drive growth, all sectors must urgently address rising inflation, slowing GDP, and trade disruptions.
The US dollar is losing value due to inflation, while other currencies are gaining strength, creating uncertainty. Nonetheless, many people remain confident in the Dollar's perceived safety. I'm concerned that my 420K retirement funds may lose value, therefore I'm looking for other financial stability.
With my stressful career, I don't have time for investment analysis. For seven years, a fiduciary has managed my portfolio, responding to market situations, ensuring for effective navigation and informed decisions. Consider taking a similar plan of action.
My CFA, 'Leah Foster Alderman', is a well known figure in her field. I recommend looking into her qualifications further. She has extensive knowledge and is a treasure trove for anyone seeking to manage the financial markets.
Good one, in many many items the size has been reduced. For example local good rye bread: "machine upgrade" led to size decrease of the square bread slices, and they also "had to" remove two slices (20%). So, the fattening white bread hasn't been so unlucky - strange. Also they had to apparently do same in all the factories in the nation, how unfortunate. Of course it wasn't an ad or something, one of the rare cases people noticed and after some persistence got answer. Yeah, they couldn't fit the new machine making the bread fit to same space in factory floor, it also had to happen (green transformation) to save the world though they didn't advertise it, and it had to happen in non-standardized factories all over the nation. How odd. I used to work there in factory service, and this kind of space limitations never used to be an issue. Well, guess the newer machines are bigger now, as per usual - my phone's been getting larger every year though I have hazy recall the dial phone used to be larger, engines used to be 2+ liters now they're 1.6 or 1.4, umm well I guess that was bad example. Electronics used to be tiny inside my computer, now when I open it umm there's tiny memory chips, tiny motherboard (well my memory must play me). Oh, maybe I'm hugely sarcastic - my sarcasm has grown. And my productivity tbh, ever since they had to allow more hours to be done/year by law, pay decrease (I used to do logistics, now my job and benefits from it disappeared, job suddenly is "somehow" not customs job done in terminal, it's not changed in my opinion but I'm supposed to be cashier in a shop so I'm now a newbie, no bonus for years of work since I've not been a cashier before, no benefits as cashiers don't need special permits to do customs job...). Oh, some customs officers OOPS cashiers have been lax apparently, they've done some shady thing and country's now in drug pandemic. Also since I didn't accept pay cut to below half I got fired - that wasn't the reason though, reason being umm "no jobs" but somehow they have not enough workers and keep open applications in government website, and because no jobs companies get government benefits to try to gain workers.
A large portion of "the economy" is property. So the economy can grow because of increasing property prices, but if you dont own property then it doesnt help you at all. This creates two different economies, for older generations who own and corporate owners, the economy is doing fine. For renters, the economy is appalling.
Bingo. If you own assets, you're doing great. If you're relying solely on wages, you're screwed. And since, as a wage earner, you can barely make ends meet, you can't save any money to ever join the ranks of the property owners.
You’re conflating growth with nominal prices. When homes go up in price but labor doesn’t rise, you’re not wealthier owning a home you’re just improvising people below you. To be wealthier (growth) would mean you could buy more house, chicken, gold, or labor with the sale of the home. You cannot, it’s all fugazi
The midwit meme is one of the best meme format that have come out in recent years. Most of the population actually believe they are smarter than they actually are
Intelligence =/= wisdom and consciousness. Most of the population aren't sentient. That's the real problem. But the scientific community aren't equipped to understand consciousness because it cannot be defined within a materialistic paradigm.
Im an OTR truck driver. Before that I spent ten years in the Army. I dropped off a load of steel a week ago at a plant outside Pittsburg, PA. I had too google and and walk around it. The plant looked so old, I thought it was abandoned. Literal holes on the roof and broken windows. No one was there cuz it was sunday night, but it was the perfect setting for a Zombie/apocolaypse movie. We are big fucked. Investing in Apple/Amazon isnt helping, people
Lotus Eaters did a thing on this a couple months ago comparing how run down British towns and cities look compared to a decade ago. That's the one thing about Google Maps. They have high resolution Streetview imagery for most places going back to 2009. It's like going back in time. There's documented evidence just how much urban decay has progressed. TBH, I'm amazed Google still gives you access to that kind of data.
@@juniper_jumps6610 In south where most of those indentured servants went to in america's when it came to the colonies of england. When slavery became more mainstream. They not only dumped the indentured servants for black slaves. But even though they no longer held up their bargain for employment. They still continued to shake them down for every shilling they "owed". Often when they could get away with it. They'd just killed them and took everything they had afterwards. After the Civil War. The war that was allegedly about "ENDING SLAVERY!". They left those people still in charge of almost every business in the south. And African Americans were still carted around to suppress the wages of the workers. Often they were dumped on masses into towns and cities knowing full well there wasn't enjoy jobs in those areas for all the people they dumped in there. These people in charge never change they only ever put on a different mask. No wonder why there was so many cults popping up in the 80's. The only way to really protect yourself long term from the system is to find a way to disconnect yourself from it.
Something I've finally jerried onto. In the English speaking world we have a habit of rewarding bad behaviour while punshing good behaviour. If your at the top making risky investments etc. You get rewarded with tax concessions minimal oversite and so on but at the other end if you want to be unproductive and not contribute. You get concessions, welfare checks. If your the average Joe in perfect health just trying to live modest with the 9 to 5 you get screwed. Maximum tax zero concessions.. our society has reached a point where if you don't exploit the system WILL exploit you.. our society is going to suffer badly for milking out the middle class. The most productive group in society
Yup it starts when you start selling out trust. If you don’t punish people who game the system, then trust vanishes and it becomes impossible for humans to interact at any scale. Hard reset is the only fix, and that hurts.
@celiacresswell6909 hard reset is probably the only real option at this point.. middle class is an elusive thing. Hard to create and easy to destroy.. most likely.. we are heading back to a fuedal system of nobles and serfs and the concept of the commoner is rare
@@dazwol9104 funny thing is, everyone despises the middle class, in the U.K. anyway. Maybe that’s why we have allowed the milking out….oh well, feudalism 2.0 here we come….
My parents told me I have to exploit the system to get ahead but I find it so disgusting to even think about wading into bureaucracy to grab cash like that, I feel like I have the morality of someone who will lose in a world run by liars :/ One of the many reasons I'll never be wealthy like my parents.
@@nienor1510 I hope you live your own life - not that of your parents: it took me a long time to realise I could love my parents while having different values
Scrooge McDuck taught elementary kids what happens when you print a ton of money back in the early 90s. Literally everyone knew this was going to happen. Some of us shouted at the top of our lungs this would happen. Some just pretended it wouldn't happen. We all knew and here we are. Also the jobs numbers are consistently corrected over reported to make things look good. They're corrected months later and no one really mentions it
It was so weird through 2020 and into 2021. When I said we are going to see crazy inflation because the amount of money flowing into the economy is basically unchanged (due to free cash hand outs making up for lost wages) yet we are making like half the goods, people looked at me like I was crazy. Like inflation has been steady for years, why would that change. Or, people will save the money up and the lower and middle class will come out of this without debt. Paying down debt is deflationary. I almost started to think there was some magic trick they found. The infinite money glitch. Then inflation was transitory at a few percent. Then yeah it was a little bad but 5% is okay. The whole time I'm looking at grocies and building supplies like, yeah we are at like 10-15% inflation here folks. It took 3 years before everyone else finally realized it was all a lie. They gave out free cash which was basically the opium for the masses to OD on while voting them into power. The managerial class has become crazy efficient at exploiting the conforming short minded proles and the rest of us are at risk because of it. An army of brainless followers has been created on free money and government promises.
@@wolfpack4128 True. I remember in 2020 Javier milei explaining in a tv program that we will se crazy inflation due to money printing. As you said, no one took it seriously. Even now I think one in 15 people can explain to you the causes of current inflation
Ross Perot got a lot of votes based upon his simple charts showing where our debt and economy really stood. A LOT of us saw this coming well before the 90s.
I got a degree in Finance back in 2010, which means I had to take alot of economics classes. Those where my worst classes o hated how the used mathematics to justify economic behavior in consumers and countries. Everything was too neat and clean; I didn’t like working in a corporate job cause I could just see how arbitrary things were made me sick and crazy. I’m glad after all these years more and more people are having the scales fall off their eyes as well.
I say this as someone working on a Master's in data science, epistemologically the only difference between scientific evidence and anecdotal evidence is the level of examination and review it's undergone. Statistics are not a hard science despite what people might think, our measures of what is significant are based on pragmatism and not any concrete philosophical standard. Stats are just a tool to explain the world and not absolute reality. If anecdotal evidence is universal and is heavily analyzed, it's just as valid as empirical evidence.
As someone with a Master's degree in Industrial Engineering with a focus in data analysis (among other things), I don't necessarily disagree with this, but I think this can be a bit misleading. Statistical tests are about the hardest science you can be; they're basically pure math. Choosing which statistical tests to perform, and on which data sets, is where I agree that this is more art than science.
@@NemisCassander "There are lies, ****** lies... And statistics." I know statistics can be incredibly useful, however they are also incredibly easy to manipulate.
Normies being dumber than actual dimwits is simultaneously the most surprising, unsuprising, shocking, eye opening, and obvious thing that I ever heard but it shouldn't really shock me in the slightest
It shows the usefulness of intelligence and the trap of midwitery. A mixture of pride for being ‘smarter’ and being too stupid to realize the truth past rhetoric and half truths is a road to disaster.
I don't believe the midwit meme reflects reality. Almost all people, dumb, mid and smart, deceive themselves and believe what they want to believe. But it's amusing to think of dummies seeing thru the group-think and grasping some truth, albeit for the wrong reasons. And that some smarties also glimpse that truth, altho probably don't talk about it much to avoid castigation. But in reality, the truth eludes most people all across the spectrum of intelligence.
"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. His heart sank as he thought of the enormous power arrayed against him, the ease with which any Party intellectual would overthrow him in debate, the subtle arguments with which he would not be able to understand, much less answer. And he was in the right!" - George Orwell Sound familiar? 1984 was a warning, not an instruction manual.
Our healthcare used to be good. I used to pay $50 a month for a $500 deductible plan that paid for most everything besides the $30 to $50 co-pay. Then the Abysmal Care Act happened.
Way back a well recognized trader named Bill Bonner and his friend Addison Wiggins did research into 600 fiat currencies to determine their use and outcome over periods of time. They discovered that all fiat currencies end in the same place ... zero! I didn't understand how at that point in time. Watching government actions since 2008 has clearly show why this is so.
Yeah, still, most of economic activities have been conducted under fiat currencies. The quality of the economy is governed by how fast they go to zero. Although I'm a fan of commodity money, they seem to deteriorate to fiat, and you will find also that 100% of commodity moneys have failed through various combinations of debasement, manipulation, theft, or progression to fiat.
@@richdobbs6595The only way to prevent this is a honest government working in the interest of its people. Which is obviously quite rare. Most governments today are mere puppets of wealthy people that own the fiat money supply.
Putting someone who formulates sentences worse than Yoda in charge of a country that can barely count should be a sign of what’s wrong with the American economy.
There's one issue where he points out the Trump era pandemic response. I remember when he left parts of it up to the states, people screamed he didn't do enough. He throws a hospital ship into NYC and they didn't even bother using it and then complained about that too. They complained he might fire the AIDS-panic guy because he would never create a health panic, and then when he didn't they didn't back off that at all. The mandates at the time all came from Governors, it wasn't until the next administration that the Feds got in deep with the Mandates. What mandates? To get the vaccine. Which was being rolled out after the election period had passed.
This is a major point. The one thing that Trump did was to push the covid payments. This started the inflation but I agree that after that it was mostly Biden. The only other thing that was unforgivable as far as I’m concerned was Fauchi. That bureaucratic asshole should have been fired before Trump left office in disgrace.
Exactly. The big problem, the cares act, was a Christmas wishlist of every leftist boondogle imaginable. They said they wanted $7 trillion or else no pandemic relief. The Republicans settled for $5 trillion.
@@jbone9900 what’s his fault? Not making people panic??? Over a virus that isn’t insanely lethal or damaging? 95% of people survived just fine but the effects of a tanking economy, inflation, and the years lost for kids are more damaging than this dumb virus could ever be And we haven’t talked about any vaccine…
They blame Trump for handing out checks… yet the dems would’ve done the same thing In fact people DEMANDED them and even MORE Republicans wanted to keep things open. Dems wanted to close things down and hand out more money Great economic brains… -.-
I did a small study of gold the other day... Turns out that our money is worth 1/60 what it was when we left the gold standard. Imagine making $350(a year) in 1960. That's what I make... Somehow I doubt my ancestors would be impressed.
That is not true WRT unemployment or labor participation. However, it does count toward job creation claims. However, the person that works 10 hours a week counts as being employed. And the person who doesn't bother to look for a job, whether because they are black listed, or a have a drug record or an addiction, doesn't count as being unemployed. Same with the guy who gets social security disability, who's main disability is in getting hired and keeping a job.
It's like older people not being able to wrap their heads around how someone that's almost 30 is living at home while working a full time skilled job and a masters degree in their field under their belt. This video is really vindicating because i'd get frustrated with how detached from reality and unable to see outside their own experience most people seem to be.
No, they can't. In the 90s, I had the same position at the same organization as my mentor previously had 15 years prior. I explained to him that he was able to afford a stay-at-home wife, a small home, and kids on his salary. At that time, I could afford a nice duplex and a dog. I told him that I could see the direction things were going and that in 15 more years, the next person taking that job could afford an apartment and a cat and, 15 years after that, a tent and a fish. He just laughed, but I was absolutely right. The signs were there, but no one listened to those of us who pointed them out. I can only tell you that this Boomer tried her best to wake people up, but most wanted to stay asleep in bed.
I've worked with much older people and some of them recognise and sympathise with younger people. It's not an individual boomer's fault that housing costs have skyrocketed and real wages have plummeted.
@@nikobellic570 No it’s not, and I’m not blaming them. The general population of boomers just lived out their lives not intentionally harming anyone. I’m just saying that a lot of them can’t really grasp the current situation.
If a vampire sucks out too much blood at one time then their victim dies -- and the vampire starves to death. It looks like things are heading in a direction similar to what caused the French Revolution (as you mentioned).
Talked to the IRS today. My agent was an ESL with the thick accent of someone who did not grow up speaking English at all. Probably someone who put taxes have subsidized to replace the native born population and workforce. After a pause he came back speaking Spanish before I reminded him that I was an American and he needed to speak English while he helped the government extort it's real citizens. Reconquest.
@@davemccage7918 Somebody been watching Aaron Clarey. Just embrace the peace and quiet in your porch while it all burns, take a sip from your beverage, light a cigar and tell all - "I told ya so" 😂
@@ericfromengYep. Nixon was funding for LBJ's programs and the cost of the Vietnam War. In short: Our economy spun out and we can pin it on Lee Harvey Oswald and the French Colonial interests in Southeast Asia.
It's called defaulting on the debt. That is exactly what took place. We are now finally paying for that bad decision and will be paying for it for decades to come.
I knew a disabled man who ran a gun store with the help of his mom. They were in business for 10 years, but unfortunately closed down in 2022. He said the government was imposing new taxes on fire arms and ammo which negativity effected his sales.
The biggest indicator of the stagnant/falling real wages since the 70s has been beef consumption. If you take the two graphs they basically line up perfectly. While meat consumption overall has gone up it is basically all chicken, the cheapest meat, while pork consumption is relatively steady. The experts say this is due to changing tastes and society, as in working women don't have several hours to make a roast beef but have several hours to roast a chicken? There's also several beef recipes that are just as simple and easy to cook as chicken, like burgers, meatballs, steaks, and the like, but people opt for chicken not because they like it better but because it's cheaper. I know because that's what I do, chicken is $1.18 a pound but they want ~$5 a pound for ground beef, $6 a pound for chuck roast, and $13 a pound for Ribeye or Strip.
Gee, where do you shop ac. Near me chicken thighs/drums are $2.99/lb and breast is $3.49/lb, 80% hamburger is 5.99/lb. This is at the regional supermarket chains, not Whole Foods.
@@evancourtney7746 Winco/Costco, Whole chickens fluctuate between $0.99 and $1.25, while legs and thighs generally don't go higher than $1.60 and are usually lower most of the time. But even they still sell ground beef at ~$5 a pound.
The climate fear mongers crying about cow farts have impacted beef production as well as the cost of pasture land. It is far more efficient and cost effective e to raise a million chickens in a factory building taking up 5 acres of land than raising a hundred thousand head of cattle on a million acres of land even though the meat of the cattle will feed more mouths in the long run and would be more profitable.
Bought a SW in fair shape in 2006 for $76k. Attached to 1.25 acres. Was lucky enough to be able to secure an additional 1.25 acre lot four years ago for an additional $20k. Don’t believe that can be done today, even in West Virginia or Mississippi.
A lot of systemic problems that no one is fixing because fixing them upends the status quo. Healthcare system, housing, stock market, credit cards, student debt (and incredibly high cost of college), tax dollars being used poorly or corruptly, education system pumping out white collar workers when we need skilled blue collar workers, and many many more. A lot of things are so far removed from the economic equilibrium, and these things will continue until the system breaks, because that's the only way we actually have the motivation to wake up to fix things. Things work until they don't, and we are slowly seeing a lot of systems switch to the "dont" category.
Also in order to fix them you'd have to both increase spending raise interest and do austerity in other areas. It would be so painful to fix this system that no one can get popular by doing it.
@@off6848 Nobody in the main two is interested in fixing things, because they benefit from things going south. Outside those, people are too conditioned against voting 3rd parties, so such people won't make it there either.
For the longest time I’ve been called crazy for proclaiming that we’re entering the collapse of our current era. But yet, here we are, up is down and left is right.
In my environment, rural Netherlands, I have seen wildlife withering away. When I was 20 years old, a lot of plants ans small animals that were common when I was 8 years old, had disappeared. When I would bring this up in conversations, my peers would deny this and say they never noticed anything disappearing. They don't (seem to) care and therefore they don't see it happening.
What an interesting perspective. I am from the Netherlands too, but from an urban place. What do you think might be a cause of this? So you think nitrogen pollution has something to do with it? I am asking because as far as I understand many in rural NL say that nature is fine and there are no problems and we should oppose attempts to protect nature. I could have said that with more nuance so please forgive me. I was just wondering what is your perspective on the decline of nature and this separately on this polarising topic of nitrogen pollution.
@@nielskorpel8860 Well I think the main reason for the decline of the environment in the Netherlands is the ongoing intensification of agriculture. Many other problems, like nitrogen, waterpolution, etc all start with that. If farmers and investors need to have a growing profit each year, sooner or later something's got to give. For now, its nature that does the suffering. If they want things to be sustainable for the future, agro wil have to change its ways. Even our government wil have to realise this sooner or later.
@@michielbrons1430 100% agreed and very well described ( i'm also a Dutchy, a city boy with the luck of having rural grandparents) but be careful with that word sustainable, its been hijjacked by rulers/politicians into creating more taxation that flows directly into the pockets of the people who are responsable for this system of a down.
@@dvened it could have ended then, with globalism crashing and the need to start over, but things were dragged out for 10 years, then a distraction happened, and now it's only more obvious that things are going to crash. It's kind of like compressing a spring that you know you won't be able to compress. You try, you delay the inevitable, then it still happens but now you are also tired.
I never hear them say exactly that. I hear them guess that it will keep going up because historically it did (when there’s a clear variance from the historical norm), or say that just because it always historically went down when similar signs existed, everything is so different now it probably doesn’t apply (when it’s closely following the historical norms). So it ends up feeling like people don’t think anything can go wrong. But in reality I think it’s just an acknowledgement that it’s hard to accurately predict the future.
As a Gen Z I wondered why there is so much of this "fake wealth" in stocks and how the average persons labor is not worth anything. I think Whatifalthist shows perfectly how we live in a "fake economy". Im in college now and work a part time job, I feel like every dollar I earn isnt worth anything. Even simple things like food have insane prices on them. Not to mention the cost of tution being insane and the fact there is no jobs. A few of my friends older just graduated from the same college which is considered a public ivy, and often go on 3 or 4 rounds of interviews just be rejected. Theres no doubt that things will have to reset soon or our society will collapse as none of us are able to have our own families. I'm really glad we have somebody like Rudyard who can put into words to what I've been feeling.
I’m part of the oldest cohort of gen-z. I’m sorry, I need two jobs to pay my bills and one inevitably is simple and entry level. Because so many of us older grads have been forced to work 70 hour work weeks we kicked the bottom rung out… I imagine the immigration hasn’t helped much either…
there's nothing "fake" about it. Real wealth is gained by obtaining Assets whether that's stocks/bonds or Real Estate. It's not really a new concept. Europe for Centuries was ruled by the Land Owners. Stocks are relatively new but still they've been around since the early 1600s. If you think you're going to generate real wealth but busting your arse as a laborer you're mistaken. What you CAN do is take those earnings and buy Stocks/Bonds/Commodities/Real Estate to actually build wealth and by taking a few risks and a little luck you could even build generational wealth.
Failed finance leads to a flawed economy. We can attribute this situation to the simple fact that society consumes more than it produces in the most general sense. Practically speaking, we can observe this in finance, where debt markets are rapidly expanding everywhere. The negative output of society is stored in future promises of wealth, which are debts, and greed makes people blind to reality in this sense. The system is primarily driven by the blind hope of somehow obtaining that wealth in the future.
"We can attribute this situation to the simple fact that society consumes more than it produces in the most general sense." This. And it's all because it's the easiest way to increase GDP, since consumption is the single biggest factor in calculating GDP.
If you want to reduce debt, you could limit the financial instruments available to get into debt. The US has a big credit culture, not shared with many European countries for example. In my country, someone rarely has a credit card (to the point that it is frustrating to need one in North America). You could also put limits on how much of ones' life income one can loan on a mortgage, which would additionally bring down housing prices, and with it, rent and cost of living. Finally, many households could avoid a lot of debt by having a country with proper safety nets. Supposedly, what holes european nations help households solve with welfare programs, the US lets households solve with debt. At least that's the analysis I've recently read in one of your countries' newspapers, says.
@@nielskorpel8860household debt is insignificant in the face of government debt. The west is enslaving itself on a national level, and Europe is just as impacted by this -, in fact its welfare programmes make state debt even worse.
Real capital density is higher. So on a % or share basis it's the great depression, but no one misses a meal and everyone is online all the time. Much how the great depression itself didn't feature mass starvation deaths etc. Compared to the Medieval period when economy was primarily agricultural and thus bad harvest = people die.
I remember them claiming we recovered from the 2008 crisis in a few months. In reality I never heard of a single person who lost jobs and houses back then who ever got back where they were. There’s just a huge disconnect between the factors they check and the reality those are supposed to depict. There’s so much gaming the system that the governments fool themselves into thinking they fixed things they know they never tried to fix.
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.” ― Alexander Fraser Tytler
I love what you said about NOTICING THINGS. when I mention to people what I notice, they say "that is anecdotal". They want experts and statistics. What I know is that professional experts GET PAID TO SAY THE THINGS THEY SAY. Also, statistics are manipulated and rigged far more often than they are honest. How do I know? That is what I did for a number of years.
I have a feeling that we have nearly reached the end of our recent period of intense growth that the world has seen, and that we are about to hit another part of history where quality of life and technological advances get worse/slow down significantly. Later we will rise back up, as we have throughout history, but the question is when, where, why, and how?
Even the most impoverished amongst us. For the last 50 years in the West. Have lived better than the Kings of the previous 5,000 years the world over. And also most likely than the Kings for the next 5,000 years!
Technology doesn't really stop though. Even people that lambaste the so called Dark Ages don't realize thats all sorts of technologies were improving even then in medieval times people had sea worthy ships that the Romans could only dream of for example and now they were exploring the new world with relative ease.
Unrelated but I just wanted to say I tried the CIA's meditation program on your recommendation and it's been life changing bro. I've experienced things so far beyond what I ever would have thought is possible and it happened almost immediately upon using that program. So in other words, thanks lol.
I use the "supermarket test." Go to the store (or a restaurant) and see what it costs to buy things. I have found some receipts we had from 2021-2023 and the price change is really dramatic. I have a Ph.D. in math, specialty in probability and statistics. I know how the government numbers are massaged. Never trust government numbers. Only trust the reality that you personally experience and can verify. But praise Big Brother, who has just raised the chocolate ration to 25 grams per week from 30.
There’s a thing that has been making the rounds on the intertoobz lately where a guy pressed reorder on his ~$100 Walmart grocery order from like 2021 and it was ~$400 now.
I just wrote a top-level comment about the last part. In my family for about 3 years, our grocery situation was slowly getting tighter but when I tried to talk about it, our mom claimed that life was getting better and that we had more than we ever had before.
You incidentally hit the nail on the head right about 11:40; you're not afraid to be wrong. Society has drilled into people's heads the misguided notion that being wrong is the worst of all sins; only those who are not afraid to be wrong and learn from that are capable of growth.
It’s weird how much you nailed the expert rider thing in the beginning. My brother was smarter than me in school, and has said expert bias, and thusly tried to use “science” to prove I was autistic and get me removed by CPS. It seeps into family life and strips people of their eyes. It’s not real unless there’s a statistic, but anything you can prove is the data the way YOU see it. Logic is stripped, no wonder so many people feel gaslit. I don’t agree with everything you said but I do with that
US citizens and US organizations, primarily. Fabulously wealthy citizens and organizations. They've turned the Federal government into their own private bank.
I listen to the “Marketplace” podcast by BBC/NPR which is an American weekly podcast about (primarily) the USA economy. Almost every single week they have a somewhat circular discussion about how economists say the economy is fine and people are doing better, yet the vibe is off and people feel like things are terrible. It’s interesting how they can hint at this discrepancy and truth but can’t quite square the circle out loud that the statistics aren’t right.
People know from their own ability to pay rent/mortgage, car payment, gas, groceries vs. their paycheck, how the economy is doing. DC bean counters be damned.
@@robertgriffin6668 Yep. There was a report out this week about the highest paid municipal workers in my small town of 15,000 people. The top 5 highest paid people included firefighters and administrators making $170,000 a year. There were 24 people earning over six figures. Meanwhile, regular people in my town are earning considerably less and can’t cope with the cost of living.
The problems are housing and monetary inflation. Young people Spending 50% of their income just to not be homeless is terrible. Retirees on fixed incomes are also doing pretty bad. The thing is, the economy is fundamentally fine numerically. People who bought their homes prior to 2021 and still work are generally doing great and landlords are doing AMAZING lol. That is to say, people are more productive than they’ve ever been. That productivity is getting eaten by the middle aged.
@@deriznohappehquitethose old people should have either saved money while shit was on easy mode or had lots of kids while life was on easy mode. Many did neither but still expect other people's kids to support them in their retirement after they blew a lifetime of prosperity.
I remember discussing with my wife, as covid started, how a two tiered economy was developing where capital kept making money while we all had to stay home or lose their small business. Crazy to see it being discussed.
One of the reasons society is in decline is that when most people rent their homes, deliberately trashing their own neighborhood is a perfectly valid strategy to pay less rent. The reason neighborhoods where most people own their own homes are nicer than ones where most people rent their homes is that people who own their own homes want to maximize their property values, while renters benefit from lower property values. If you own your own home, it is basic common sense to take pride in it, to keep it clean, to maintain and improve it and to get along with your neighbors, while people living in rented neighborhoods are perfectly fine to trash their own communities since they have no stake in it. Same with our leaders who have no stake in the society they rule over. The elites are perfectly fine to trash their society because they have no stake in it and keep their jobs and salaries no matter how bad things get and the politicians live in gated communities and some do not even live in their own districts and are thus insulated from the consequences of their actions.
Why most "Economists" are totally wrong: 1. Most Economists you know work for the State, a think tank that exists to tell the State what to do, or a University (largely paid directly or indirectly by the State). 2. The correct answer to "What should the State do?" (in the field of Economists) is always "Less!". 3. The State doesn't pay people who will decrease its power as their goal is always more power. 4. The State only pays the "Economists" who tell them the wrong thing. 5. Therefore, the only correct Economists aren't popular and you don't know their names. 6. Therefore, the only Economists you hear from are almost always wrong about everything. (7. Most "Economists" aren't actually Economists at all. The term means "wise use of scarce resources". These "Economists" ignore cost (scarcity) and advise the State to do more, which is always the least wise thing to do. Ergo, they aren't "Economists" at all!) Reading list for good Economics: "Man, Economy, and State" "Human Action" "Economics in One Lesson" "What Has the Government Done to Our Money?" Go to mises . o r g and you should be able to find an HTML or even audiobook version of these. -An Economist
"If we were charitable, we would say economists are bad at their jobs.If we were being mean, we might compare promerger economists to paid prostitutes, but that would be grossly unfair to prostitutes," - Jonathan Tepper
@@nielskorpel8860 just prove them not to be bad, so we can start talking and considering other topics. The fall of men comes from men, rather than from nature
Problems: 1. The State exists only to increase or protect its own power. If you were told otherwise, you were lied to. 2. The State is laughably inefficient/corrupt/evil. 3. State action is counterproductive to the economy, in that the word "economy" means the wise use of scarce resources. The State is the opposite. 4. Fortunately, the State can only tax so much of the market, so the inefficiency of the State was limited. 5. That is, until the State decided to monopolize the currency, and then could simply print more money so it could spend more. This is possible due to the Federal Reserve in the US. So, what is wrong with the economy? Mainly the Federal Reserve. Almost all of the weird economic indicators and the economic problems Americans have are due to the Fed. -An Economist
Is there any reality where things can come back from all of this? Where we go back to plenty of jobs, plenty of resources, a world that even fucking _slightly_ resembles the American Dream? Is the slow decline into global turmoil inevitable?
@@OckhamAsylumrely on the Dollar less. Use alternative currency, such as credit with friends and neighbors, actual silver coin, and take up practical skills like gardening and sewing.
The entire political system is based on a popularity contest, it's absurd. The economy being centered around a shady group of rich folk fits right in. Our society is straight doo doo on most levels. We're good at mass destruction of all kinds. Hubris, corruption, collective mania, self-congratulation all top notch :)
I've been doing econ reading over the last few years at a medium-low intensity. One angle that I find increasingly interesting is to think about on the one hand the kinds of goods and services the access to which people measure middle or upper middle class life, and then how few people participate in the production of those goods and services. For example, you'd think that in a functioning market economy access to housing would stay reasonably high, because any time there was a shortage housing construction would become profitable and workers would start doing that. But of course this doesn't happen. From what I've been able to gather, in housing specifically it seems to be overregulation, if everyone could just build housing, then existing houses would lose value. So homeowners as a class have an incentive to fight the construction of new housing. This seems like a massive market failure and I find it crazy it's not talked about more.
Not only that, but even when they build, there’s only so cheap you can do it with the licensing and standards involved. Wild that it’s illegal to build a low quality house and sell it, but legal for homeless to camp in tents and crap on the sidewalks. Great job protecting us, government.
@@animula6908 Yep, I know exactly what you're talking about--a guy created mini-houses in LA and the LAPD destroyed them all because homeowners complained. It's NIMBYism.
@@animula6908 Because in economic textbook theory, the reason people are unhoused is because housing is too expensive for them to afford. This illustrates starkly that that's not remotely true and we don't live in a market system, or at least not where housing is concerned.
@@animula6908 Basically in this scenario, the police are acting as enforcers on behalf of homeowners to protect the housing cartel in exactly the same way that unions would beat scabs who crossed the picket line in other eras.
I think my biggest fear right now is that I'm living through the last organized elections for a long time in the United States, I have a fear that the economic turmoil that's been going on in stock markets, the housing bubble, the south China sea, all of this will come to ahead as I'm 28 years old, out of work, overweight and dealing with my right arm that's not been straight in almost 4 years. I'm concerned we're a society on the verge of total war against our elites and here I am unprepared and out of it and unable to make sure I'm set up to be on top come said war. Now none of that could happen and it could be a whole set of circumstances and I'd still would want to be ready just in case, I look around myself and I'm seeing more and more bums on the street and empty houses from old boomers dying it and no one buying them but instead people wanting to make them into shitty businesses, it's terrible.
@@peteschaub7561Government assistance, probably. If he's paid in to Unemployment, then no shame, but it's a bad plan for survival. When the bad times come, the worst places to be will be in the major cities. Can't grow food or hunt there. Surrounded by other people who can't support themselves. When people get hungry, they get desperate, and crime is what will result as people survive any way they can. Police will not save you. You don't have to live in the mountains, or deep woods, completely off grid, but, if you're in a major metro, you need to be moving further out to a small town or somewhat in the country. Get a trade. Learn how to grow something you can eat. You might not be able to grow enough to completely support yourself, but being able to produce part of your food helps. If you're in a big metro, living in an apartment building, dependent on government money to survive, then you're done for. Sorry to tell you.
I've spent the last five years preparing (as best I can) for just such a probable future. But the first step is accepting that what is coming is not going to present you with good odds no matter what. Conflict is swift, awkward, and unfair. And I have had to come to terms with the fact that I could be undone at any moment, and that I have a very small likelihood of being one of the survivors who tells stories of the crazy events he's witnessed. But none of that is any reason not to prepare. Remember what is valuable when money stops being worth anything. Food, medicine, tools (of work and defense), precious metals, SKILLS, and most importantly of all PEOPLE. PEOPLE are going to be our greatest resource in times of strife. If you do NOTHING else in the time you have, form strong bonds of fellowship with someone, even just one other person. Discuss the future with them and make plans. That could make the difference right there. God be with you.
Frankly I’ve just let go and let God. This shit is too big for me and frankly I don’t care what happens, so long as I’m right with The Lord. God be with us all friends. We’re gonna need him…
Only at the lower levels. Billionaires don't care about money per se. They have all the money already, so they turn their attention to other agendas. That's why Bezos for instance bought the Washington Post, despite the fact that it's not even close to being profitable. But he's willing to lose money in order to push his various agendas.
It was never about money. The money is made up by the central bank and lent at interest. It is imaginary. It was always about power and control. Stop engaging in their systems of control.
I bet if you had the average politician try to play Stellaris, HOI4, Civ6, or any of the Total War games, they'd do horribly. Their ability to manage an economy and strategize is off the charts bad.
Everything is intentional. We are tax slaves. There’s always an imaginary hand guiding all society/world exactly where they want us. We’re livestock. Bankers run the world. There’s political parties, etc.
I've never played any of those games, so most people older than me won't get the reference. PS: decades ago I was an expert at playing Halo against the computer, but I was trash against people. The computer was predictable.
I only studied economics for four years in university but I will say your analysis is pretty spot on to my reaction on hearing Biden and their supporters claim the economy is doing great… economists don’t just sit around flaunting GDP - they know it’s a meaningless metric, same thing for inflation and unemployment.
Monthly groceries for me, by myself back in March 2020 according to an old receipt was 121$ and I ate out at a restaurant 2-3 times a month. Now? The exact same groceries because I wanted to test this, according to LAST MONTH'S receipt, totaled 291$. 121$ to 291$ in just....3-ish years. That's MORE than 100% increase isn't it? Btw, this is in North Carolina, which has regularly ranked as the 24th cheapest state to live in since 2021, meaning it is somewhere in the middle according to affordability.
For many decades Japan has been in a supposed crisis of deflation. Now everyone is happy because Japan's stock market is growing again and inflation is going up to the expected goal once again. ...but during the decades of deflation people were able to save, many people opened shops and small businesses thrived, while inequality and big corporations struggled. ...now in this new Japan economy poverty and inequity are skyrocketing, just like big corporations profits
I'm American but I've been gone as an expat for 10 years. I try to stay in tune with what's happening back in America through videos like this and it seems bleak. People I know back in the 48 tell me about all the issues they face in day to day. I'm really glad I decided to leave long before everything seemed to change rapidly.
Make sure that where you are now would be able to survive if the western economy imploded. There are a lot of expat-friendly places that would go down with the ship.
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Do you think that the whole maybe not really science but calling it that may have started or at least was impacted by the whole Galileo thing
OMFG TY! An elderly woman just broke down crying in the store because they raised her rent so high and didn't raise her SSN so she cannot afford food. The store manager gave her a full basket of food for free...
Outside the Anglo-Saxon sphere every country knows that there is a civilizational collapse going on in the West. In France where intellectuals don't wait for a subject to be declared officially not a conspiracy to study it, collapsology is a scientific branch of economics and sociology.
Popular academic authors on collapsology are Pablo Servigne or Jean-Marc Jancovici. Some of their books have been translated in English.
The concept is simple : the thermo-industrial civilization born from the industrial revolution is unsustainable and since we overshoot global pick oil in 2008, we are livin a slow motion collapse of a magnitude mankind has never met before.
There is more that the collapse though: the international financial system being based on the petro--dollar system, the financial world elite made a global coup d'état in order to safeguard their class interests at the expense of the rest of mankind they intend to reduce drastically and to maintain under a totalitarian digital control.
All the demoralising narratives we are submerged with are pure psy-ops and are part of that project.
Whatifalthist you are my god you word is holy and Devine I watching everything and I want you to form a religion for me please
SCROLL DOWN (AND UP 2) TO SEE PATHETIC NEO-COMMIE TRASH-POSTING THAT HAS ABSOLUTELY NOTHING TO DO WITH ANY OF THE INFORMATION IN THE VID AND THE POINTS MADE.
LEFTISTS HAVE NO OTHER WAY OF SPEAKING AT EVERYONE THEY HATE.... AND THEY HATE EVERYONE.
In the 80's and 90's Al Bundy and Homer Simpson were considered loosers. They had a stay at home wife, multiple kids, owned a house and a car, on a single salary.
Today they would be considered to have been successful.
That is how the economy is doing.
Frank Grimes episode was a secret halloween special. Grimey is actually born in 2007 during Motion picture, lived outside of Springfield and its floating timeline regular zoomer life, got used to doomer realities, travels back in time, but his life remains that of a zoomer adult despite landing in the 90's. Hence he just can't accept "ordinary" Springfield life and Homer's lifestyle and why everyone doesn't get his frustration. He has seen where it leads to, he has been robbed of such life, he sees those happy folk of the past and as if in the nightmare, they don't hear him.
First we do not know if either family owned their houses straight out or if they have a mortgage. We do know the Bundy home is built on a former native American landfill. We also know they have the same shit box dodge for the whole series.
The same applies to Herman Munster from the Munsters.
@stephennootens916 Whether they owned the house or had a mortgage is irrelevant. They had a house that they could have a family in that wasn't rented.
@@d3faulted2 I want to note that this is whole thing is silly given that we are talking about fictional families who given how broke they are most likely would not have a home in real life. To go on with this note we can also he the Gallaghers from shameless have home and given the father is an unemployed drunk and the oldest daughter jumps from one minum wage job to another they too shouldn't have a home. This is the up side of being a fictional family written for a
Americans to watch. Shows do note get the true reality of lower class living ever.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
REBECCA NASSAR DUNNE is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
"Nothing. Nothing is wrong with the economy. Line Go Up. Stop complaining. Stop whining. Stop quiet quitting. Just make money harder. Stop noticing things.
Just Say 'No' to Noticing."
- Prosperity, Inc (with the endorsement of the Ministry of Truth)
...Holy sh!t I love Big Brother now, wth.
Do NOT look at living standards!! If you ask questions you will NOT get laid!!
“I have urged our fellow Americans to go about their lives, to fly on airplanes, to travel, to go to work, and to go shopping.”
-George Bush (After 9/11)
The only things wrong is home purchase price.
3:20 you consider 95 IQ stupid.
Wait until the subsaharan migrants with average 70IQ arrive. 😂😂
I’m a boomer who can actually see what’s going on, unlike some of my peers. My parents grew up during the Great Depression/WW2 era, both were too young to join up by the end of hostilities. My Dad never finished high school and bought a house with the equivalent of one year’s salary punching a time clock in a factory. Although it was on a 25 year mortgage, it was paid out in 15. On one income, he raised my four brothers and myself while my mother was a stay-at-home who baked awesome cookies for us when we came home from school. When I was a teenager, my parents bought a cottage and boat for us to spend the summers at. Basically, it was a pretty decent middle-class lifestyle.
Fast forward one generation. My wife and I are both university educated and have good white-collar jobs. With no children, we managed to pay off our mortgage in time for retirement. Of my nephews and nieces, there are only two who have homes and will never be free from their mortgage until they sell. My older brother is still working at 67 because his son, daughter-in-law and three grandchildren are living at his place due to their foreclosure. Of my great-nephews and nieces, that’s another story. The best they can hope for is to maybe make enough to get an apartment on their own without roommates. Forget owning anything, they’re just surviving, crippled with student debt.
When I was a kid in the 60s, we knew that by 2024 we wouldn’t be living on Mars or driving around in flying cars like the Sci-Fi movies of the day said we would, but we did honestly believe that each generation should have it better than the previous one. Something is drastically wrong.
The Heritage Foundation Presidential Transition Project MAGA 1980 neoliberalism. That's what's wrong. And it is going to get much worse courtesy of The Heritage Foundation Presidential Transition Project MAGA 2025 christofascim.
The guilty party is blame-shifting all of our socioeconomic woes on "other". Circumstances are so bad, especially for us disenfranchised under-40s proletariat, that they're going to fall for the promise of trickle down, a break, all over again. And it will never materialize, just like these past nearly 50 years. Only shareholders, assets/equity holders, benefit a little alongside the windfalls to the actual capitalist owning class elites.
This system is setup to siphon all wealth to shareholders and the top 10%. The bottom 10-20% are literally on pocket change. The former middle class is still getting squeezed on tax and bitterly resents "other" beneath them for it. Not the interests that have imposed this purposely unsustainable system upon us.
Don't be surprised when a ratcheting up of "look the other way" indirect genocide results. It's always been here for "other", but the scale of it is going to go off the charts. That's what MAGA Project 2025 is.
They want to utterly cut every crumb that the disenfranchised get. Which everyone is a few missed paychecks or an unexpected medical bill from themselves. Crumbs that are just barely enough to literally survive on as it is.
We DO need reform but THIS isn't it.
Thank you for sharing. I enjoyed hearing about your parents and their upbringing.
Guess I dodged a bullet by being too and unstable to finish community college huh? ^^;
I still want a job that pays past $2k a month :\
Being 32, turning 33 in 2 months doesn't help me either
Thanks for pointing this out. Sometimes we need a Birds Eye view to see whats going on. We are getting squeezed over multiple generations by the banking cartel and the people who run the world. Their motto is “You will own nothing, and be happy”
@HackersSun I was 40 yrs old when i 1st started makin $20 an hour. That was 2 yrs ago. The kids that are starting out and im training are making $18... I imagine 20 yrs from now these kids will be making $30 an hour and the new kids they train will be makin $28
1984 is the single most terrifying book I ever read. Not because of its brutality, or authoritarianism, or hopelessness, but because Orwell knew something about humans that almost nobody else seems to...
For the vast majority, perception of reality is dependant on consensus.
The normie mind NEEDS social acceptance to function, and that means they will always be easily manipulated by whoever understands this and has the means to exploit it.
For someone who is capable of perceiving reality independently, it means you'll always be subject to the stupidity of the mob, and there's nothing you can do about it. You are forever forced to witness but can do nothing to save society from itself.
Jackmac. You have an accurate point.
this comment made me feel less alone, than anything i've read or experienced in a long time
Fatalistic but probably true.
And it's never more obvious than when people have actually read 1984 and still don't see the connection to the modern world. It's scary...
I was far more frightened by Brave New World. It's far easier to inflict pleasure on the masses as a means of control than it is to inflict force or pain. The problem is we live in a world that has hybridized both worlds.
My bad guys i just found 55 trillion dollars of lost wages under my pillow the economy should get better soon
Amateur numbers in this racket, print that cash faster than a deer running away from a starving wolf pack.
Mistakes happen, no worries, I remember my last time I ran a country into poverty, silly me...
"lEt'S sEnD iT tO uKrAiNe!"
SHIT, Did you find Saddam's Weapons of mass destruction there too?!
@@JackSlicethose were rhetorical devices, first of all.
...second of all, chemical weapons _were_ used in the Syrian Civil War, AND that freak explosion in Beirut...? Improper munitions storage.
Bushes weren't honest about it being grounds for invasion, but...? Frankly, the Middle East wasn't getting any better on its own anyway.
roman empire: all roads lead to rome
whatifalthist: all problems lead to the rustbelt
Keep me out of this. I just want to work and keep government out of my life.
@@DarenMiller-qj7buLife doesnt work that bud
@@Spheronicit actually does, though. It’s amazing how simple life is when you make yourself ungovernable.
That's not true, all problems really just stem from the audience not being able to get a girlfriend.
all roads lead to juice
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
this is great! think your advisor would get on the phone with an unknown? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
It's a bizarre thing. In the same newscast, the news anchor tells me how awesome the economy is doing, then a few minutes later tells me about the homeless encampments. Someone is GASLIGHTING me, and I don't think people are living in tents on the sidewalk in an attempt to trick me into thinking the economy is bad.
It’s not bizarre. It’s all intentional to keep you confused and in the dark.
@@alexsmith-ob3lu True, but intentional on whose part? I don't think the news anchor is in on the scam, TBH.
@TheMyrmo they're in on the scam just as much as we are. All they do is read the teleprompter and worry about their ratings. We are all confused and trying to see the big picture. Even the liars think they're lying for a noble reason.
A few things I’ve identified.
1. We stopped building new housing after the 2008 housing bubble burst, so now the price of housing is rising rapidly
2. We don’t have enough skilled labor to replace the labor leaving the market, which innately causes low supply driven “inflation” (really we just can’t produce as much).
3. We printed trillions of dollars, which is driving inflation.
@@TheMyrmobecause news anchors decide what stories to cover and how. They don’t have leadership or writers anything, it’s freestyle up there like an independent RUclipsr right?
Apparently the economy is fine if you make over a couple hundred K and have owned your home and land for a decade. Those are the people who keep telling me there’s nothing wrong with the economy
I grew up poor, worked my ass off for 30 years, started businesses and did well. I am comfortable and can say because of my extra income, during the downturn I more than doubled my net worth by buying property and closed business in anticipation of the reopening. There is a big truth in the rich got richer. I’m on the lower end of the 1%, even then our families net worth exploded in a very short time.
@@floridaman4073 the advice we peons get from out of touch folk comes down to things we can’t afford to do in the first place. Buy land, invest. How do we do that when we have to choose 2 out of rent, gas, and food?
It's not a disaster for everyone. I support my wife and child on a single income and plan to have 5 more kids in the house that we own. Part of what enabled that is we made sacrifices to get out of debt and keep costs low. We drive cheap beat up cars, rarely eat out, and buy most things second hand. Part of what is wrong is the vision that is pushed.
@@Tunda2 If you really have to choose between the 3 you are spending too much on food and rent. You have to make sacrifices to first get out of debt. Add a roommate or find a cheaper place to live. Eat out less and completely uninstall doordash or Uber eats from your phone. Limit or entirely stop buying video games or streaming services. You have to live below your means. And that sucks and is hard. But there is hope. I'm 29 and have a home and a stay at home wife who raises the children. I've been in rough financial shape before so my advice comes from experience.
@@theninjaofmusic I work just under 60 hours a week and can't afford the combination of rent, food, car insurance, gas, electricity, garbage service, water, etc. Rent alone is about 60% on the low end of apartments/rooms. A lot of times renting a room only gets you a reduction in electricity, water, garbage, internet, etc. because you have other people to chip in. The problem is that you need more rooms to split and thus the price goes up accordingly. I can pay 1200 for a single bedroom by myself, or I can pay the same amount for a roommate situation in a 3 or 4 room apartment or house. I don't use apps at all, I don't even have a Facebook. I buy virtually all generic medications and food unless there's no generic alternative. I do most of my own car repairs. The truth is that the political and corporate elites have stolen value by overprinting money and using things like shorting stocks to migrate value from the lower class to the elite class. My parents used to be middle class back in the 90s/00s with an income in the mid 60k range, and with other projects they did, probably grossed about 80k before taxes. They are now considered upper lower class. Their incomes have stagnated despite the fact that they've received multiple raises and promotions within their respective fields. Higher taxes, lower buying power, it all adds up. So what hope do I have, as a nobody with no connections or gimmicks. I can shoot a rifle pretty well, but the military don't want my broken body no more. Don't really want to become a criminal or terry but at some point it's basically that or stick the muzzle in my own mouth, just like the government wants us to do.
I no longer believe hard work pays off.
I no longer believe that you shouldn't assume it is ignorance when it is most likely malice.
I now believe peaceful protest will not change anything.
correct
Well I hope you no longer believe in the Monetary-Market religion either. Capitalism is killer. Money is a means of enslavement. We are born into bondage, without consent and indoctrinated through various ways through childhood and into adulthood and very few of us think outside the box.
Based on trends, if we don't fundamentally change the structure of our system, humanity will not last long and it will be a VERY bumpy ride from here on out.
But if we do turn the tables, if we do see a new precedent set by various cooperative communities using the tools of enslavement as tools of liberation, like One Small Town is set up for, and that catches on around the world, the snowball effect could take over and we can see a brighter future emerge.
Time will tell. What side do you want to be on? The side that follow the truth, acts on viable methods to change the world for the better despite the challenges or the side that doesn't go for it, ultimately accepts the status quo and just hangs on for dear life as the ship sales into more and more troubled waters?
💯
it begins
based take
I had a huge tech project once where for successful completion we should have gotten 12 engineers or so.
Well, we got 7 managers and 4 engineers at the start. It was a complete dumpster fire. We had 5 hours of meetings, because every single manager wanted to have his or her own meeting to discuss things. After 5 hours of meetings you were expected to do your job, which would have needed you to work over 20 hours per day on technical stuff. Needless to say, after a few months it was evident even for managers (after us telling them every day) that this won't fly like this. So they brought in THREE engineers and 2 more escalation managers. So for a job that required 12 engineers, and a management intern we had 7 engineers and 9 managers, and it remained a mystery forever why we always missed every single deadline, and why we were always tired and overworked.
Oh, and the managers cost about double compared to the engineers.
I worked there too, but it was 12 managers and 3 engineers because the product line was "being phased out," yet the contracts kept coming in, products sold as "off the shelf" but somehow each project required new customizations, docs, tests, and its own pair of managers, leaving each engineer juggling 2 or more projects at a time while being yelled at by 4 managers.
soon you realize they are not making "products to solve problems" they are just transferring wealth between their networks.
they are not trying to "solve problems" with the product. they are spreading their wealth amongst their networks.
literally, too many people who dont do any actual WORK. They instead sit and look busy on the side, then claim 80% of the success (i mean pay) when the work is done.
I'll always remember my dad mentioning to me that when he was in elementary school (late 60s) the school janitor owned a home with a yard and his wife stayed home with the their four kids. I can barely afford my studio apartment and dog vet bills in Utah making 70k as a business manager
Where do you live in Utah? Salt Lake? Ogden? Provo? St. George?
@@kylejamesdalzell2839 Why are you trying to track this guy down? :D
Meanwhile, African population is exploding exponentially. Why have we prioritized their well being when the human population of Europe and the USA is declining?
@@damonmelendez856 making me think of all the videos in the 90s of black kids with flies around them and asking for donations....
@@kylejamesdalzell2839 he lives in Provo. 1313 Mockingbird Lane
I was born in late 1960 and can confirm that single earner families were the norm during my childhood. Most Moms were housewives.
dude i was born in 1991 and it was still true then! Didn't stay that way, though
@@apolloeosphoros4345 I noticed that everything seemed to change after 09/11/01...it was eerie in a way.
@@armandaneshjoo I missed out on getting super rich...quite the opposite.
@@armandaneshjoo I've been surprised they've managed to keep the balls in the air this long.
Maybe, In your neighborhood and social circle.
Did we forget 5 years ago the managerial class was saying "our standard of living has to decrease". I think things are going exactly to plan. Their plan.
Managerial class has a more common name. Often seen overrepresented in both academia and our government
@@Mcfunface
The ones committing a genocide in front of the world with shit eating grins on their faces while they use a genocide from over 80 years ago in another country as justification?
???
Yeah but, the downturn has been going on for decades.
This comment perfectly describes exactly how I’ve felt for the past 10 years. I don’t consider myself particularly astute or intelligent, but it’s become increasingly obvious to me that most people don’t have an original thought in their heads and are basically just going along with the crowd 90% of the time. I feel like I just have to sit by and watch everyone around me mindlessly following the popular narrative until it bites them in the ass, and they learn the hard way what was obvious to me the entire time. By then, a great deal of damage is already done.
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Who is your advsor please? if you don't mind me asking
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I make 75k a year as the sole income for my family. We live as far out into the sticks as I can reasonably commute. I drive 2-3 hours a day to and from work. I'm gone 12-16 hours a day. We don't have a car payment. We only have 1 child and we've had to beg our parents and the local church for food. We're drowning in hospital debt from the birth of our firstborn and there's more days than there aren't I just want to paint the ceiling. Don't you dare ever try to tell me this economy isn't bad.
Wow that's crazy, hard to imagine. Yk about the ways to reduce medical bills?
@@nietur No. My wife tried applying for medicaid or some shit and they gave her some bullshit about me making too much money or that she had to apply while she was pregnant, not after birth. We've legitimately talked about just doing a facade/paper divorce just so that she can apply for food stamps and all the welfare program bullshit.
I'm not gonna tell you it's ok but keep going man. You got this
Just don't pay it.
Medical negative items don't even really affect your credit anymore.
Or max out your credit cards and file bankruptcy.
There's no reason to live the way you do if this is true
Similar: Same salary, but my wife works a technical (no school) job. It puts you in an income bracket where you aren't eligible for assistance, but don't make enough to stay ahead. The ever-present 6 month(ish) emergency (dryer goes out, need new tires, etc) wipes out what little we can save.
I am more educated, skilled, and well-rounded than my parents, grandparents, etc ever were, and I'm living significantly worse than them.
My only condolence is that information is free and more available now than ever, and I can take those reigns and be a better husband, father, and neighbor in general.
Acclimate, adapt, and overcome.
My company has more managers than working employees. Said managers receive bonuses for our performance while not understanding our work.
@iananderson5972
Why not give benefits to workers for better productivity, if that money is given to managers, then managers will yell at workers to work faster. Bad work mental health for workers.
@@juriscervenaks8953 Because managers are the ones that are in charge...of course they're going to give themselves bonuses at the expense of the employees.
@@panderson9561 But i don't understand how they are not going out of business, to competitors. If most of managers are useless leeches, then competitor firm with 1-3 or no managers could offer cheaper prices to consumers, and would take other business jobs. Only think i can imagine is cartel, all business are conspiring not to lower prices, and hire family members as useless managers. But if only 1 firm chooses to fire useless managers, all that conspiring goes bust. Is there other reason why they don't go bankrupt?
It's like Undercover Boss. The managers were the real problem but they never got reprimanded or replaced. People in leadership positions get there because they're able to manipulate and project an image that is a fantasy. The bosses buy promises that can't possibly come true. It's a human thing.
So sick of the establishment not only lying to us, but sick of dealing with the proportion of the population that still believes it. And let me be clear... I'm not saying I know any better... not saying I'm better than anyone else. But I am saying I'm sick of putting up with all this ignorance and division. Great video.
I feel your pain, ever since Spring of 2020 my contempt and disgust have been off the chart but I've been learning to live with it...accepting that the comfortable delusion wins over the hard reality for the vast majority. Uncle Ted's manifesto was accurate, over socialization will end our society.
You do know better than them.
I admire that you're enlightened, but let me enlighten you further. The whole point of ALL propaganda isn't to convince you of their narrative, but rather to convince you (the individual) that everyone else (the whole population) believes their propaganda. This renders you neutral, as you cannot band together with other people since you believe you are among the very few who know the truth (which is false, there is a large number of enlightened people), and also works for the normies who will dare not question the narrative even if they have an underlying feeling that something is amiss, since they are conditioned to believe the whole population believes in the narrative.
I'm pissed off that not only did they lie to us. But they spent a fuckton of money on further dividing people with ignorance. Anybody that tries to fix things usually ends up dead or in jail. The government doesn't even really tolerate to much trying to separate from the goverment.
You are directly saying you're better than everyone else, by saying that half the other part of the population is brainwashed by the establishment because they don't have the same politics as you, or vote for the same people as you. You're right about one thing, you're not any better, no one is. You have as much rational thinking, as much tribalistic behaviors, cognitive dissonance and irrationality as the other side of the political isle. Truth is, both sides are dumb, we're all dumb. We all think we're right and have the same things to say about eachother, but if we were ever being honest we'd never fight as much as we do. The only one's who's dividing us are ourselves, because we like to be on the 'good' team, we like to imagine that WE'RE the one's that are right for America, and that the other side is destroying it.
The truth is we're all apart of the 'establishment,' we're all complacent to it and we're all brainwashed by it. We're all dumb, irrational monkeys who are wrong about everything. We're all ignorant, by more or less the same amount. Funny thing is, the other side would say the exact same thing as you about them. You're not a revolutionary thinker, you're not special, you're not taking a stance against the establishment. We're just dumb humans speaking with our emotions. That's all we are and all we ever will be until we face the truth about ourselves. The truth that ever single thing we think, we do, we support, we argue, is pervasively tainted with human flaw. And that, every conclusion we've ever come to is likely wrong, or lacks nuance. Nothing is absolute and yet we always act as if it is.
Dude… they putting up fake job postings not to scam but to “prove” companies are hiring meanwhile, they’re finding the smallest slightest reason not to hire people
Yes . . .all the companies are fake hiring to help the government.
That sounds like a scam
To be "hiring" constantly makes the company look good for investors or to boost stock prices..."look how busy we are, we're hiring all the time invest in us"!!!!
They get a tax break that why they do it
@@connorsullivan7692 Uh. . .no. Why do people who have no idea what they are talking about feel the need to prove it to the rest of us?
Government: Food has increased about 20%
Me: Looks at an Identical cart that has gone up 100%
Monthly groceries for me, by myself back in March 2020 according to an old receipt was 121$ and I ate out at a restaurant 2-3 times a month. Now? The exact same groceries because I wanted to test this, according to LAST MONTH'S receipt, totaled 291$. 121$ to 291$ in just....3-ish years. That's MORE than 100% increase isn't it?
Btw, this is in North Carolina, which has regularly ranked as the 24th cheapest state to live in since 2021, meaning it is somewhere in the middle according to affordability.
@@wohendumwing3ee9 I don't have receipts, but buy mostly the same things over and over. Eggs used to be about $1 a dozen at the Walmart here, now $2.19 a dozen. WM bread used to be $1 a loaf, now $1.47. I'm no math major, but that's far beyond 20%.
in 10 years, money has effectively lost 80% of its purchasing power here in brazil, while wages haven't even gone up 60%
Me: 25% income left over 4 years ago,
vs now ... zero, nada, zilch.
They got what they wanted - 'All of It'. USA!
@@gregorysagegreene Used to be able to save 100 bucks a week making five dollars less an hour. Now, It's hard to save at all.
As an economist, I get really frustrated when people say that the standards of living are much higher now than in the past. If you look at the progression of average wages compared to median wages in real terms, you will get a fuller picture. Average wages increase, but median wages have remained more or less stagnant since the mid-70s in the US and the UK (mid-80s for most continental European countries). This is because income inequality has increased steadily over this period. If you consider people in the bottom 50th percentile, their real wages, for the most part, have actually decreased. All this while the cost of housing, education, and healthcare has grown more than the CPI. The average is being dragged up by the wealthy, who have seen incredible increases in their income and wealth.
Media doesn’t factor that in. When they report debt has gone up, they will never mention the rich are doing better in the same breath.
Just let the sheeple blame Trump, Biden, Putin or whichever backwater war-torn region is popular that decade to sell weapons to.
The rich want their dominion to remain unnoticed.
As an "economist", did you ever realize that the (monetary) market system is a fundamentally and profoundly anti-economic slave control system? That monetary value is a delusion? That money is a tool of greed and mass control, because it doesn't spoil like everything else and so allows hoarding into infinity and beyond and made slavery impersonal and so the most normal thing ever?
@@gyrate98technology isn't the only factor when considering standard of living
@gyrate98 there are poor people with cell phones
Compared to 200 years ago, our standard of living today is incredibly high, simply due to advances in technology. I have a niece who was born prematurely and probably would have died if not for medical technology. That's priceless. But compared to 50 years ago, yes, ordinary people's standard of living has stagnated. We're working more to end up with less. And compared to where we should be, given advances in technology and increases in productivity, we're doing terrible.
Well inflation doesn’t happen because the public is living too well. It happens because the government is living too well.
Not dissing your comment but you responded before even getting a quarter way through the video
Its not even a very factual quote
@@dragoe7441 that’s true I did. I guess i just have plenty of my own thoughts about what is wrong with the economy.
@@jf2849comment whenever you damn well please
inflation is a sustained increase in the money supply of a country ... translates to Money printing ... THATS IT! STOP PRINTING AND INFLATION ENDS... anyone who disagrees is misinformed and incorrect ... (Really its that simple)
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
Before you invest just know you'll need a half million dollar portfolio just to make 50k a year off of dividends. Nobody's getting rich off of fucking stocks. I'm going to become a section 8 landlord to accrue my wealth and create a real estate empire. Won't be super fast but I've ran numbers and talked extensively with a guy who's done it and it will fucking work.
"They've built their own prison, so they exist a state of schizophrenia. They're both guards and prisoners, and as a result they no longer have - having been lobotomized - the capacity to leave the prison they've made or even to see it as a prison."
Trump definitely has the influence, charisma and the support base to even be a dictator forget trying to arrest him but watch him and his base still point fingers and act not in control when he is back in office
Panopticon.
The housing crisis in the United States is insane. It's the root of many of the ongoing societal issues. The CPI is up 20% but that hides the true scale of price increases. If you look specifically at rent you're looking at 50+% over the last 5 years. Wages have not followed. Unfortunately, some cities/states are willing to let illegal migrants in, house and feed them for free. Is immigration the core issue? Probably not. But it's the one of the more tangible issues. A lot of Americans are tired of it, and I can definitely see a rightward shift in politics in this coming election. Not sure what the future holds with that, though.
I'm still skeptical, but I agree. The fact immigration is the biggest issue to voters right now suggests people are starting to see through the open-borders BS.
I’ll tell you what the future holds; Revolutions. Lots of it. All around the world.
@@ViPER5RT10 Or we could try legalizing housing more dense than a single family home.
@@urphakeandgey6308eh, I’d say inflation first and immigration second. A large portion of Americans do not live in immigrant heavy regions thus it’s not their number 1 issue
Same here in the uk 🇬🇧
I said this to my grandma...I've talked about it for years and like you said prior to trump was mocked, silenced, and ridiculed.
In the past 1 man worked and provided for a family of 4.
Now both parents work, can't afford one child, a house, or anything. We've basically been turned into wage slaves if you're not in the managerial class or above and even they live harder lives than people in another time.
You can in the Philippines
Work in the US
Invest
Move away and start a family
It’s the new American dream :-)
@@RetireandGo dude it’s not insanely possible for many people…
@@RetireandGo
Some of us are here to do real work. Not make-believe computer work.
@@sullathehutt7720Computer work is real . The reason it makes money is because of how many normal office workers 1 programmer can automate out of a job .
PAY MORE TAXES THO!!!! Democrats need your money!!
This video is more accurate than about 90% of the "journalism" we read today.
The problem with the economy is that the value of human labor has been plummeting relative to the value of capital for 50 years now. If you already own significant capital, this is great news. But if you don’t already own capital, it is becoming harder and harder to work to acquire it.
This is how we have such disconnects as simultaneously having a booming stock market, and a housing affordability crisis.
Our society is rapidly regressing towards a feudal Europe style system, where a tiny, non-working class owns everything, while the rest work their lives away to own nothing.
That’s not great at all for long term population growth because 1. You would reduce fertility rate and
2. The worse it gets, more weird places seemingly become better immigration destinations like Russia
Note: I’m not saying Russia is good right now but it’s a decent choice if you had to choose between it and living as a serf in a neo fuedal USA
The us wouldn’t survive that and when the eu’s guard dog dies it’s open season for those who were it their opinion wronged
@@simonpetrikov3992Well if Russia gets demographically changed, it could become a less totalitarian nation right?
I own a condo, that enough? 😂
@@simonpetrikov3992 slowing population growth seems to be the natural correcting method for our current problem. A population decline would be even better. While Earth is generally theorized as being capable of supporting up to 14 billion people, several studies suggest that the maximum number of people that Earth can support at a reasonable standard of living is only 4 billion. We’re already at double that.
I have a decently respectable job as an electrician. 50 years ago, hell even 20 years ago, I would be somewhat well-off, at least middle class. Not now. I'm sick of being a poor wage slave with no savings or hope of affording a house or a family here in the prime of my life when I should be making progress on those goals. I'm tired of being alone in my tiny little overpriced apartment in the city. I yearn to run a small sustainable farm on a modest piece of property and raise a family, as if this is some lofty goal and not the default predicament of a medieval peasant. I'm hopeful for a collapse if only to see some spark of real change, of a society being forced to finally confront the real ugly problems it has been sweeping under the rug for a century. I'm tired of being stuck in wage-slave purgatory yet I fear the grotesque horrors the collapse will inevitably bring. I pray that God will grant us strength, courage, patience, and perserverance through the tough times ahead staring us straight in the face. Boys, unfortunately the time has come to face the suffering the world has prepared for us in order to become strong men and lead the world to greatness once again. I have faith in those still reading this comment. Lord have mercy.
Amen brother
There's got to be a turning point soon. There's a confluence of too many negative factors for this to continue. For young people today, the economy is terrible, the dating market is terrible, the political system is totally screwed up. There's no social cohesion, no great project, no real reason to live other than basic survival. We're isolated and alienated. And we're told it's all our fault, and constantly gaslit on tons of other issues as well. Depression and anxiety are through the roof. Most people aren't happy. For most of us, our historic religion (Christianity) is no longer plausible, so we can't lean on that, either.
Something's gotta give.
As someone who never had a high paying job, at the age of 30 I own a small homestead on 10 acres. Believe in yourself and do it. It took me a decade to get here and I'm still building it up. IMO there is no better way to fight back then to circumvent this corrupt society by providing your own power, water, food, fuel. Figure out a crop/product to produce in surplus and directly compete with corporations, or in your case you can provide a service. Keeping your debt and cost of living low will make it possible. Modern technology makes this lifestyle much easier than any peasant had it, don't let conformists and naysayers tell you otherwise.
Believe it or not everything will be fine... Electrician's are the chosen ones !
Get out of the city. I'm from DC and couldn't afford rent or food. Moved to Tennessee and I'm upper middle class over night. I have a ged and I'm a veteran. I drive a bull dozer now for $20/hr.
Yes I have some veteran benefits most ppl don't have, that's why I say upper middle class. But if you move somewhere the cost of living matches your income, alot of your problems will no longer exist. You can buy a plot of undeveloped land for dirt cheap and do whatever you want with it. I went from living in a car, to owning a 3k sqft home on 10 acres. In a matter of 6 yrs after leaving the city.
Cities tax you to death. And most ppl have no reason to be there except they think it's the cool place to be. All my friends in dc are always crying about being poor and they are unemployed or work in coffee shops. Trying to pay 2500 a month rent. Like WHY... my mortgage isn't even 2k. But they are democraps and think red state means evil racists or some nonsense
Economists are not billionaires for the same reason that psychics don't win the lottery.
what
Public Economists are paid to produce results which manufacturer consent. Private economists and investors are rich AF
There's also a difference between someone who studies the broader economy and someone who studies investment and individual businesses. The economists who focus on Warren Buffet-style stock analysis all tend to be quite wealthy.
Lol, they're just all too morally upstanding to use their "abilities" to make fabulous sums of money.
wrong, in the lottery there is no way to have an edge, all perimeters are unknown to observers
economists that studied austrian school of economics must be doing well, not on regime wages but on market returns performance
I was a team leader for a top tech company you certainly know. Literally every day we had some DIE (diversity inclusion equity) related company news, blog post, mail, office campaign, event and so on. We had to do trainings every year to prove we love women, people of color, and alphabetsoup people. Just our money and time wasted on DIE definitely decreased our efficiency by 10%.
Our kitchen tables literally had LGBTQIA+ magazines and pamphlets training you in how to give and receive anal sex.
There there was the problem of affirmative action: We had quotas for women and people of color in hiring, leadership, training. You got people pushed into positions over more competent people just because of their irrelevant characteristics. I did a lot of hiring and interviewing. One time I had to give up on a really competent guy, because there was a female candidate. Another time I had to give up on a really competent girl, because of a mus|:m candidate.
How much efficiency do we lose to affirmative action? I don't know, half?
Then I told HR that I am not willing to consider a person's color, ethnicity, sexuality, gender when hiring. I was fired for it.
DEI is insanity. Common sense is not common. I too, would have been fired from your company as their actions go against my moral compass.
@@terryenyart5838 DEI = Didn't Earn It. :)
but don't you know they are not the actual racists and sexists?????? they have pamphlets!!!
Did you ever try out the instructions in the LG-HDTV magazines? Asking for a friend.
@@terryenyart5838 But you see that DEI is manufactured distraction by the Ruling Elites to try and keep the lower classes from rising up and building a better system to topple the capitalist stranglehold currently on the world economic system, right?
I think more evidence of this will come out over the years, but I will not be surprised if DEI is found to be a psy-op by some elite bankers and elites who knew that social unrest was coming and they needed something to try and divide the lower classes. DEI seemed like the best option. And, unfortunately, it seems to have worked, so far.
Amazing, keep it up, I do have a thing to say, I noticed that a lot of conservative or just non-leftist youtubers are not only not recommended, given a voice, or shown in the listings, but also that videos that actively denounce things like conservatism, traditionalism, and masculinity are actively pushed by the algorithm, I personally have a theory that ideas of toxic individualism and ultra-progressivism are actively supported and pushed out by the establishment. Just a hunch, anyways keep up the good work.
edit: I think I need to clear this up, but I don't think it's just the algorithm because even on guest accounts, I see that certain more progressive channels are pushed more than conservative ones even without any watch history or frequently viewed channels
I see lefty videos promoted but conservative videos being hidden is cope. I didn’t serch up anything and I was presented red pill, conservative content, ect.
And what's going to be the backlash to all of this? Best case scenario we see a highly traditional future, a peaceful transition and things go quietly back to normal, Worst case scenario, We get a full blown actual Fascist revolution in multiple different countries out of the anger of young men and women.
Phishing for phools: The economics of manipulation and deception. George A. Akerlof and Robert J. Shiller
Really? My youtube recommendations are full of what you first had described
@@napinkpa They are sending content to some, and different content to others. Sowing division keeps us all apart, and them on top.
People need to stop referring to greedy companies as wasteful. They aren't burning through money wastefully (e.g. hospitals) they are funneling money to the oligarchs. It is *by design*
Entertainment industry is right now at a feverish pace. They've always been a cash sink--"Hollywood accounting" and all but it's stunning to see how much they are wasting currently on offerings with little to no return in most cases.
To build a business you often need funding, and to get funding you need to give up a part of the company to the people who funded you, so that if your business succeeds, your investors make profit.
@@cryoraare you the midwit meme self insert?
@@gwills9337 You can't build a successful business without making a rich person even richer. That's the point. Why does a rich person always have to be in the picture to take a piece of your hard work?
There’s nothing wrong with the economy by historical standards. What we’re going through is practically expected by those standards, as is elites gaming the system to their advantage. It’s simply strange by our standards because the last great economic shrink was the Great Depression, and as the Greatest Generation dies off, replaced by the Boomers who have known the best economy in history, the conception to both the old and the elite that things can really go wrong is lost to them. And thus we’re stuck with elites and elders wagging their fingers at the youth, out of touch with the fundamental reality on the ground.
Exactly -- boomers who never lived through times where America was not in this very specific position (top of the world stage), literally don't understand that we cant make everything perfect and print money and pretend bad things wont happen, but of course it will be us who deals with it for years to come
@parkourpanda6556 not just us. Our children and possibly their children if things don't stop getting worse. If we stabilize things will suck but suck is better than f@cked.
You give the Great Depression as an example of precedent for whats going on today, but really; when wa the last time a country was facing mid-term extinction because it become too expensive to make children? AFAIK, thats an historical first.
@@JohnJohn-jq7cd Yep exactly, it is true that there is some precedent in all of this due to the typical historical cycles of rising and falling dynasties and the eternal tug of war between labor and capital. However, we have never before seen in known history a situation so dire and complicated as our present one. There simply is no precedent to know how bad the coming fall will be. And when you add into that the fact that technological development, extensive employment specialization, and globalization have completely detached the overwhelming majority from any kind of understanding or control over their own basic survival needs... Things are looking like they'll be quite rough in the future.
2008 was essentially the 2nd great depression, they just printed their way out of it. That's what most people miss. The reason we believe in inflationary monetary policy is because of the great depression.
"When you look at the numbers, everything is fine"
*34 trillion dollars in debt* 💀
Debt can be a good thing sometimes
@@pizzaslice3891 idiots can be smart sometimes
@@pizzaslice3891 Red can be green sometimes.
This is why we have to keep Republicans out of power. Reagan, Bush, and Trump were horrific for our national debt. We were on a path to paying our debt off before Reagan annihilated government revenue etc.
@@pizzaslice3891yeah when you buy a car or house, not when the entire country is in debt
The guy at the top for the last 3 years showed how qualified he is to run the country during the June 27, 2024 debate.
Same people who told you he was "Sharp as a tack" are telling you the "Economy is doing great".
Sharp as the flat side of a tack, they meant.
last 7 years
@@nietur Yep. Not to get too political, but both the (D) and (R) political elites look pretty old & decayed to me,,,
@@nieturno, not the last 7 years. the economy was doing great under trump until covid happened and everyone was blindsided. he had no choice but to print money. if trump kept the country open, the media would’ve been blaming him for every covid case, which they did either way.
the insane part is, even after we realized shutting the country down did nothing to solve outbreaks, biden still continued to keep things shut down and printing more money up until 2022. nice cope tho.
The President doesn't run the country. That's not how the world works.
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
Sure, investing is plain-sailing with the aid of an invt-specialist, thus I've always delegated my excesses ever since the rona-outbreak in January 2020 using a shrewd advisor, and my investments have compounded by at least 300%, summing up $820k ROI as of today.
this is incredible! how can I vet your advisor if you please? definitely would love to make money from the market too, but a complete newb..
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Kinda weird seeing my dead grandpa is technically still wealthier than me. He died 10 yrs ago. My mom and her siblings haven't spent all of their inheritance money and property. A dead man has more riches than me, a guy in his productive age
Why don't they pass the money to you kids? Because they are the generation that took from their parents and their children. I know, because mine did the same thing and so did my wifes parents.
Saving this
That's how it's suposed to be. How do you think you should be able to achieve in 10 years what he achieved in 50?
Nothing wrong there. Wealthiest those who have worked the longest and higher income those who are more productive. They are two different things.
@@dualfluidreactor 50 years of wealth being used up for 10 years straight by multiple people.
Against ~20 years of income being earned.
One is decreasing.
The other should be increasing.
If the economy was better than in the past, then the person who has been working in his prime should not be poorer than the person who has been dead for a decade whose wealth was being spent by at least 3 people.
Our economy is afflicted by uncertainty, housing troubles, foreclosures, global shifts, and the aftermath of the epidemic, all of which contribute to instability. To restore stability and drive growth, all sectors must urgently address rising inflation, slowing GDP, and trade disruptions.
The US dollar is losing value due to inflation, while other currencies are gaining strength, creating uncertainty. Nonetheless, many people remain confident in the Dollar's perceived safety. I'm concerned that my 420K retirement funds may lose value, therefore I'm looking for other financial stability.
With my stressful career, I don't have time for investment analysis. For seven years, a fiduciary has managed my portfolio, responding to market situations, ensuring for effective navigation and informed decisions. Consider taking a similar plan of action.
Do you mind if I ask you to recommend the coach you employed? It seems you've figured it all out.
My CFA, 'Leah Foster Alderman', is a well known figure in her field. I recommend looking into her qualifications further. She has extensive knowledge and is a treasure trove for anyone seeking to manage the financial markets.
Regards. her handler was simple to locate and appears to be extremely capable and adaptable. We scheduled a phone conversation.
The government has assured me that the chocolate ration was increased from 30 to 20 grams
Good one, in many many items the size has been reduced. For example local good rye bread: "machine upgrade" led to size decrease of the square bread slices, and they also "had to" remove two slices (20%). So, the fattening white bread hasn't been so unlucky - strange. Also they had to apparently do same in all the factories in the nation, how unfortunate. Of course it wasn't an ad or something, one of the rare cases people noticed and after some persistence got answer.
Yeah, they couldn't fit the new machine making the bread fit to same space in factory floor, it also had to happen (green transformation) to save the world though they didn't advertise it, and it had to happen in non-standardized factories all over the nation. How odd. I used to work there in factory service, and this kind of space limitations never used to be an issue. Well, guess the newer machines are bigger now, as per usual - my phone's been getting larger every year though I have hazy recall the dial phone used to be larger, engines used to be 2+ liters now they're 1.6 or 1.4, umm well I guess that was bad example. Electronics used to be tiny inside my computer, now when I open it umm there's tiny memory chips, tiny motherboard (well my memory must play me).
Oh, maybe I'm hugely sarcastic - my sarcasm has grown. And my productivity tbh, ever since they had to allow more hours to be done/year by law, pay decrease (I used to do logistics, now my job and benefits from it disappeared, job suddenly is "somehow" not customs job done in terminal, it's not changed in my opinion but I'm supposed to be cashier in a shop so I'm now a newbie, no bonus for years of work since I've not been a cashier before, no benefits as cashiers don't need special permits to do customs job...). Oh, some customs officers OOPS cashiers have been lax apparently, they've done some shady thing and country's now in drug pandemic. Also since I didn't accept pay cut to below half I got fired - that wasn't the reason though, reason being umm "no jobs" but somehow they have not enough workers and keep open applications in government website, and because no jobs companies get government benefits to try to gain workers.
@@tondekoddar7837 Are you Longmont Potion Castle?
the portion are prolly smaller to help you, kuz we fighting the "obesity epidemic"
@@harmondaniels5108 Nah, whole EU and brit wide problem. Finnish, so the rot is here too that's scary. So widespread.
Is it 4 or 5? Only the wisdom of Big Brother knows.
A large portion of "the economy" is property. So the economy can grow because of increasing property prices, but if you dont own property then it doesnt help you at all. This creates two different economies, for older generations who own and corporate owners, the economy is doing fine. For renters, the economy is appalling.
Bingo. If you own assets, you're doing great. If you're relying solely on wages, you're screwed. And since, as a wage earner, you can barely make ends meet, you can't save any money to ever join the ranks of the property owners.
You’re conflating growth with nominal prices. When homes go up in price but labor doesn’t rise, you’re not wealthier owning a home you’re just improvising people below you. To be wealthier (growth) would mean you could buy more house, chicken, gold, or labor with the sale of the home. You cannot, it’s all fugazi
basically life is one big monopoly game. if you dont own some houses you aint wealthy
The midwit meme is one of the best meme format that have come out in recent years. Most of the population actually believe they are smarter than they actually are
Intelligence =/= wisdom and consciousness. Most of the population aren't sentient. That's the real problem. But the scientific community aren't equipped to understand consciousness because it cannot be defined within a materialistic paradigm.
Spoken like a true zoomer midwit
As Gerald Celente always says, when all else fails they take you to war.
Im an OTR truck driver. Before that I spent ten years in the Army. I dropped off a load of steel a week ago at a plant outside Pittsburg, PA. I had too google and and walk around it. The plant looked so old, I thought it was abandoned. Literal holes on the roof and broken windows. No one was there cuz it was sunday night, but it was the perfect setting for a Zombie/apocolaypse movie.
We are big fucked. Investing in Apple/Amazon isnt helping, people
@@Mr.Ut21 So you delivered the steel and were paid? looks like the economy works.
Apple and Amazon building nice buildings on my area though.
Lotus Eaters did a thing on this a couple months ago comparing how run down British towns and cities look compared to a decade ago. That's the one thing about Google Maps. They have high resolution Streetview imagery for most places going back to 2009. It's like going back in time. There's documented evidence just how much urban decay has progressed. TBH, I'm amazed Google still gives you access to that kind of data.
That kinda reminds me of the place an old boomer told me to go apply for a job at... A abandoned steel plant...
@@juniper_jumps6610 In south where most of those indentured servants went to in america's when it came to the colonies of england. When slavery became more mainstream. They not only dumped the indentured servants for black slaves. But even though they no longer held up their bargain for employment. They still continued to shake them down for every shilling they "owed". Often when they could get away with it. They'd just killed them and took everything they had afterwards.
After the Civil War. The war that was allegedly about "ENDING SLAVERY!". They left those people still in charge of almost every business in the south. And African Americans were still carted around to suppress the wages of the workers. Often they were dumped on masses into towns and cities knowing full well there wasn't enjoy jobs in those areas for all the people they dumped in there.
These people in charge never change they only ever put on a different mask.
No wonder why there was so many cults popping up in the 80's. The only way to really protect yourself long term from the system is to find a way to disconnect yourself from it.
Something I've finally jerried onto. In the English speaking world we have a habit of rewarding bad behaviour while punshing good behaviour. If your at the top making risky investments etc. You get rewarded with tax concessions minimal oversite and so on but at the other end if you want to be unproductive and not contribute. You get concessions, welfare checks. If your the average Joe in perfect health just trying to live modest with the 9 to 5 you get screwed. Maximum tax zero concessions.. our society has reached a point where if you don't exploit the system WILL exploit you.. our society is going to suffer badly for milking out the middle class. The most productive group in society
Yup it starts when you start selling out trust. If you don’t punish people who game the system, then trust vanishes and it becomes impossible for humans to interact at any scale. Hard reset is the only fix, and that hurts.
@celiacresswell6909 hard reset is probably the only real option at this point.. middle class is an elusive thing. Hard to create and easy to destroy.. most likely.. we are heading back to a fuedal system of nobles and serfs and the concept of the commoner is rare
@@dazwol9104 funny thing is, everyone despises the middle class, in the U.K. anyway. Maybe that’s why we have allowed the milking out….oh well, feudalism 2.0 here we come….
My parents told me I have to exploit the system to get ahead but I find it so disgusting to even think about wading into bureaucracy to grab cash like that, I feel like I have the morality of someone who will lose in a world run by liars :/ One of the many reasons I'll never be wealthy like my parents.
@@nienor1510 I hope you live your own life - not that of your parents: it took me a long time to realise I could love my parents while having different values
Scrooge McDuck taught elementary kids what happens when you print a ton of money back in the early 90s. Literally everyone knew this was going to happen. Some of us shouted at the top of our lungs this would happen. Some just pretended it wouldn't happen. We all knew and here we are.
Also the jobs numbers are consistently corrected over reported to make things look good. They're corrected months later and no one really mentions it
It was so weird through 2020 and into 2021. When I said we are going to see crazy inflation because the amount of money flowing into the economy is basically unchanged (due to free cash hand outs making up for lost wages) yet we are making like half the goods, people looked at me like I was crazy. Like inflation has been steady for years, why would that change. Or, people will save the money up and the lower and middle class will come out of this without debt. Paying down debt is deflationary. I almost started to think there was some magic trick they found. The infinite money glitch. Then inflation was transitory at a few percent. Then yeah it was a little bad but 5% is okay. The whole time I'm looking at grocies and building supplies like, yeah we are at like 10-15% inflation here folks. It took 3 years before everyone else finally realized it was all a lie. They gave out free cash which was basically the opium for the masses to OD on while voting them into power. The managerial class has become crazy efficient at exploiting the conforming short minded proles and the rest of us are at risk because of it. An army of brainless followers has been created on free money and government promises.
@@wolfpack4128 True. I remember in 2020 Javier milei explaining in a tv program that we will se crazy inflation due to money printing. As you said, no one took it seriously. Even now I think one in 15 people can explain to you the causes of current inflation
Ross Perot got a lot of votes based upon his simple charts showing where our debt and economy really stood. A LOT of us saw this coming well before the 90s.
I got a degree in Finance back in 2010, which means I had to take alot of economics classes.
Those where my worst classes o hated how the used mathematics to justify economic behavior in consumers and countries.
Everything was too neat and clean; I didn’t like working in a corporate job cause I could just see how arbitrary things were made me sick and crazy.
I’m glad after all these years more and more people are having the scales fall off their eyes as well.
I say this as someone working on a Master's in data science, epistemologically the only difference between scientific evidence and anecdotal evidence is the level of examination and review it's undergone. Statistics are not a hard science despite what people might think, our measures of what is significant are based on pragmatism and not any concrete philosophical standard. Stats are just a tool to explain the world and not absolute reality. If anecdotal evidence is universal and is heavily analyzed, it's just as valid as empirical evidence.
As someone with a Master's degree in Industrial Engineering with a focus in data analysis (among other things), I don't necessarily disagree with this, but I think this can be a bit misleading.
Statistical tests are about the hardest science you can be; they're basically pure math. Choosing which statistical tests to perform, and on which data sets, is where I agree that this is more art than science.
@@NemisCassander "There are lies, ****** lies... And statistics."
I know statistics can be incredibly useful, however they are also incredibly easy to manipulate.
@@laststand6420 Always a good one. More germane to this specific topic, perhaps, is, 'Figures don't lie, but liars will figure.'
If anecdotal evidence is universal, it's not anecdotal
@@NemisCassander Haha, I will have to remember that one
Normies being dumber than actual dimwits is simultaneously the most surprising, unsuprising, shocking, eye opening, and obvious thing that I ever heard but it shouldn't really shock me in the slightest
It shows the usefulness of intelligence and the trap of midwitery. A mixture of pride for being ‘smarter’ and being too stupid to realize the truth past rhetoric and half truths is a road to disaster.
I don't believe the midwit meme reflects reality. Almost all people, dumb, mid and smart, deceive themselves and believe what they want to believe. But it's amusing to think of dummies seeing thru the group-think and grasping some truth, albeit for the wrong reasons. And that some smarties also glimpse that truth, altho probably don't talk about it much to avoid castigation. But in reality, the truth eludes most people all across the spectrum of intelligence.
You saying normie unironically is fucking wild.
@@harrybudgeiv349 anyone who took the injections is non-human to me. normie is a nice word for that, "goyim" would be mine
There are a lot of normies, including you with that brain rot phrase.
"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. His heart sank as he thought of the enormous power arrayed against him, the ease with which any Party intellectual would overthrow him in debate, the subtle arguments with which he would not be able to understand, much less answer. And he was in the right!" - George Orwell
Sound familiar? 1984 was a warning, not an instruction manual.
One of my favorite books but seeing it develop in our society is terrifying.
Our healthcare used to be good. I used to pay $50 a month for a $500 deductible plan that paid for most everything besides the $30 to $50 co-pay. Then the Abysmal Care Act happened.
Way back a well recognized trader named Bill Bonner and his friend Addison Wiggins did research into 600 fiat currencies to determine their use and outcome over periods of time. They discovered that all fiat currencies end in the same place ... zero! I didn't understand how at that point in time. Watching government actions since 2008 has clearly show why this is so.
Yeah, still, most of economic activities have been conducted under fiat currencies. The quality of the economy is governed by how fast they go to zero. Although I'm a fan of commodity money, they seem to deteriorate to fiat, and you will find also that 100% of commodity moneys have failed through various combinations of debasement, manipulation, theft, or progression to fiat.
Bravo Rich ... the key word is debasement ... you know how diligent government leaders are. :-)
Well. All fiat currencies are already zero. You just haven’t realized it yet.
@@richdobbs6595The only way to prevent this is a honest government working in the interest of its people. Which is obviously quite rare. Most governments today are mere puppets of wealthy people that own the fiat money supply.
That’s as insightful as saying “All empires fall”. Obviously they all go to zero. The question is when.
Putting someone who formulates sentences worse than Yoda in charge of a country that can barely count should be a sign of what’s wrong with the American economy.
A liar and criminal you, uhh are uhhh come on man!!
*Squints with mouth agape
It is a representative government,
Add: "Formulates sentences like Yoda with a stutter."
biden is a puppet for a neo liberal party that is basically "nice" republicans. and biden so washed hes literally a puppet its not a metaphor
Biden doesn't run the nation. His Jsh cabinet does. That should be more obvious than ever.
There's one issue where he points out the Trump era pandemic response. I remember when he left parts of it up to the states, people screamed he didn't do enough. He throws a hospital ship into NYC and they didn't even bother using it and then complained about that too. They complained he might fire the AIDS-panic guy because he would never create a health panic, and then when he didn't they didn't back off that at all.
The mandates at the time all came from Governors, it wasn't until the next administration that the Feds got in deep with the Mandates. What mandates? To get the vaccine. Which was being rolled out after the election period had passed.
This is a major point. The one thing that Trump did was to push the covid payments. This started the inflation but I agree that after that it was mostly Biden. The only other thing that was unforgivable as far as I’m concerned was Fauchi. That bureaucratic asshole should have been fired before Trump left office in disgrace.
He said he under stated it not to casue panic its his fault.
Exactly. The big problem, the cares act, was a Christmas wishlist of every leftist boondogle imaginable. They said they wanted $7 trillion or else no pandemic relief. The Republicans settled for $5 trillion.
@@jbone9900 what’s his fault? Not making people panic???
Over a virus that isn’t insanely lethal or damaging? 95% of people survived just fine but the effects of a tanking economy, inflation, and the years lost for kids are more damaging than this dumb virus could ever be
And we haven’t talked about any vaccine…
They blame Trump for handing out checks… yet the dems would’ve done the same thing
In fact people DEMANDED them and even MORE
Republicans wanted to keep things open. Dems wanted to close things down and hand out more money
Great economic brains… -.-
In a free society the distribution of wealth should match the distribution of ability.
The economy has been good since 1982 when the inflation rate measurements were “recalibrated”.
ah. the cpi
yes inflation is only 8%
what are they doing, dividing by 10? lol
I did a small study of gold the other day... Turns out that our money is worth 1/60 what it was when we left the gold standard. Imagine making $350(a year) in 1960. That's what I make... Somehow I doubt my ancestors would be impressed.
@@laststand6420 They would be impressed just my the means you were able to write that comment.
@@nietur True, our technology is impressive... But you can't eat cell phones.
@@laststand6420 you can eat soylent green lol. they dgaf about you. But the average normie is a coper until they turn into zombies.
dont forget that when 1 guy works 3 jobs that counts as 3 employed people for those statistics
That is not true WRT unemployment or labor participation. However, it does count toward job creation claims. However, the person that works 10 hours a week counts as being employed. And the person who doesn't bother to look for a job, whether because they are black listed, or a have a drug record or an addiction, doesn't count as being unemployed. Same with the guy who gets social security disability, who's main disability is in getting hired and keeping a job.
USSR had 100% employment rate lol
btw we are being encouraged to do this. so a top 10% earner is actually 2x top 10% earners, you do the math
no, it doesn't. And only 5.3% of American adults work more than one job. Of course, that's one of those statistics, so take it with a grain of salt.
It's like older people not being able to wrap their heads around how someone that's almost 30 is living at home while working a full time skilled job and a masters degree in their field under their belt.
This video is really vindicating because i'd get frustrated with how detached from reality and unable to see outside their own experience most people seem to be.
The average income for someone with a masters was increasing in real dollars from 1980-2020.
No, they can't. In the 90s, I had the same position at the same organization as my mentor previously had 15 years prior. I explained to him that he was able to afford a stay-at-home wife, a small home, and kids on his salary. At that time, I could afford a nice duplex and a dog. I told him that I could see the direction things were going and that in 15 more years, the next person taking that job could afford an apartment and a cat and, 15 years after that, a tent and a fish. He just laughed, but I was absolutely right. The signs were there, but no one listened to those of us who pointed them out. I can only tell you that this Boomer tried her best to wake people up, but most wanted to stay asleep in bed.
I've worked with much older people and some of them recognise and sympathise with younger people. It's not an individual boomer's fault that housing costs have skyrocketed and real wages have plummeted.
@@wittymystic7361 Way more foresight than most ✅
@@nikobellic570 No it’s not, and I’m not blaming them. The general population of boomers just lived out their lives not intentionally harming anyone. I’m just saying that a lot of them can’t really grasp the current situation.
If a vampire sucks out too much blood at one time then their victim dies -- and the vampire starves to death. It looks like things are heading in a direction similar to what caused the French Revolution (as you mentioned).
You have to keep your snacks chained up in the basement and remember that moderation is the key to enjoying most of life's pleasures.
I can’t wait
Talked to the IRS today. My agent was an ESL with the thick accent of someone who did not grow up speaking English at all. Probably someone who put taxes have subsidized to replace the native born population and workforce. After a pause he came back speaking Spanish before I reminded him that I was an American and he needed to speak English while he helped the government extort it's real citizens. Reconquest.
what tribe you from, you native American? Sure man, combine your hate against immigrants and the government with a stupid conspiration theory.
0% interest rates for over a decade, bailouts and money printer go brrrr........
A wise person once told me that America is a capitalist for the poor but a socialist for the rich with all the bailouts
“Big muny mach-sheen go BRRUAAUPPP!” 🥴
actually 2008 crisis never ended
@@davemccage7918 Somebody been watching Aaron Clarey. Just embrace the peace and quiet in your porch while it all burns, take a sip from your beverage, light a cigar and tell all - "I told ya so" 😂
money printer go brrrr........ and convinced China to liquidate their dollar reserves.
Getting off the Gold Standard in the 1970s is when this whole mess started. Endlessly printing money is a bad idea.
Gold makes money actually worth something.
Gold standard led to a lot people wanting to take over other people and take their gold. Now it's a weird type of money stability game
Yep
@@ericfromengYep. Nixon was funding for LBJ's programs and the cost of the Vietnam War.
In short: Our economy spun out and we can pin it on Lee Harvey Oswald and the French Colonial interests in Southeast Asia.
It's called defaulting on the debt. That is exactly what took place. We are now finally paying for that bad decision and will be paying for it for decades to come.
I knew a disabled man who ran a gun store with the help of his mom. They were in business for 10 years, but unfortunately closed down in 2022. He said the government was imposing new taxes on fire arms and ammo which negativity effected his sales.
The biggest indicator of the stagnant/falling real wages since the 70s has been beef consumption. If you take the two graphs they basically line up perfectly. While meat consumption overall has gone up it is basically all chicken, the cheapest meat, while pork consumption is relatively steady. The experts say this is due to changing tastes and society, as in working women don't have several hours to make a roast beef but have several hours to roast a chicken? There's also several beef recipes that are just as simple and easy to cook as chicken, like burgers, meatballs, steaks, and the like, but people opt for chicken not because they like it better but because it's cheaper. I know because that's what I do, chicken is $1.18 a pound but they want ~$5 a pound for ground beef, $6 a pound for chuck roast, and $13 a pound for Ribeye or Strip.
I'd much rather eat steak but same as you, I just can't afford it so chicken it is.
Gee, where do you shop ac. Near me chicken thighs/drums are $2.99/lb and breast is $3.49/lb, 80% hamburger is 5.99/lb. This is at the regional supermarket chains, not Whole Foods.
@@evancourtney7746 Winco/Costco, Whole chickens fluctuate between $0.99 and $1.25, while legs and thighs generally don't go higher than $1.60 and are usually lower most of the time. But even they still sell ground beef at ~$5 a pound.
I opt for venison over anything else🤣
The climate fear mongers crying about cow farts have impacted beef production as well as the cost of pasture land. It is far more efficient and cost effective e to raise a million chickens in a factory building taking up 5 acres of land than raising a hundred thousand head of cattle on a million acres of land even though the meat of the cattle will feed more mouths in the long run and would be more profitable.
A single wide trailer is now 80-90k plus you have to rent the lot. that is absolutely crazy.
Add $100K to that and $1,000/mo+ for lot rent where I live.
Bought a SW in fair shape in 2006 for $76k. Attached to 1.25 acres. Was lucky enough to be able to secure an additional 1.25 acre lot four years ago for an additional $20k. Don’t believe that can be done today, even in West Virginia or Mississippi.
A lot of systemic problems that no one is fixing because fixing them upends the status quo. Healthcare system, housing, stock market, credit cards, student debt (and incredibly high cost of college), tax dollars being used poorly or corruptly, education system pumping out white collar workers when we need skilled blue collar workers, and many many more. A lot of things are so far removed from the economic equilibrium, and these things will continue until the system breaks, because that's the only way we actually have the motivation to wake up to fix things. Things work until they don't, and we are slowly seeing a lot of systems switch to the "dont" category.
Exactly, if we really were to fix the medical and education industries, a LOT of people would lose their jobs.
Also in order to fix them you'd have to both increase spending raise interest and do austerity in other areas. It would be so painful to fix this system that no one can get popular by doing it.
@@off6848 Nobody in the main two is interested in fixing things, because they benefit from things going south.
Outside those, people are too conditioned against voting 3rd parties, so such people won't make it there either.
They'll only fix it for tethers to benefit.
@@OzixiThrill If Trump will get elected, and won't fix country, maybe then more people would vote for Libertarian or other party.
For the longest time I’ve been called crazy for proclaiming that we’re entering the collapse of our current era. But yet, here we are, up is down and left is right.
In my environment, rural Netherlands, I have seen wildlife withering away. When I was 20 years old, a lot of plants ans small animals that were common when I was 8 years old, had disappeared.
When I would bring this up in conversations, my peers would deny this and say they never noticed anything disappearing. They don't (seem to) care and therefore they don't see it happening.
What an interesting perspective. I am from the Netherlands too, but from an urban place.
What do you think might be a cause of this? So you think nitrogen pollution has something to do with it?
I am asking because as far as I understand many in rural NL say that nature is fine and there are no problems and we should oppose attempts to protect nature. I could have said that with more nuance so please forgive me. I was just wondering what is your perspective on the decline of nature and this separately on this polarising topic of nitrogen pollution.
@@nielskorpel8860"Protecting nature" typically comes from urbanites who wouldn't know nature if it hit them in the face.
@@nielskorpel8860 Well I think the main reason for the decline of the environment in the Netherlands is the ongoing intensification of agriculture. Many other problems, like nitrogen, waterpolution, etc all start with that.
If farmers and investors need to have a growing profit each year, sooner or later something's got to give. For now, its nature that does the suffering. If they want things to be sustainable for the future, agro wil have to change its ways.
Even our government wil have to realise this sooner or later.
They choose to see no evil.
@@michielbrons1430 100% agreed and very well described ( i'm also a Dutchy, a city boy with the luck of having rural grandparents) but be careful with that word sustainable, its been hijjacked by rulers/politicians into creating more taxation that flows directly into the pockets of the people who are responsable for this system of a down.
Money printer go brrrrr
PRINT THAT MONEY PRINT PRINT THAT MONEY PRINT MONEY!
0% interest rates for over a decade. Bailouts for decades.
@@Lonovavir the 2008 crisis never ended
@@dvened it could have ended then, with globalism crashing and the need to start over, but things were dragged out for 10 years, then a distraction happened, and now it's only more obvious that things are going to crash.
It's kind of like compressing a spring that you know you won't be able to compress. You try, you delay the inevitable, then it still happens but now you are also tired.
The GASLIGHTING is so real, and the masses so oblivious.
Every time the line goes up, there's people saying this time it's different and it will never go down again. True in the micro and macro.
I never hear them say exactly that. I hear them guess that it will keep going up because historically it did (when there’s a clear variance from the historical norm), or say that just because it always historically went down when similar signs existed, everything is so different now it probably doesn’t apply (when it’s closely following the historical norms). So it ends up feeling like people don’t think anything can go wrong. But in reality I think it’s just an acknowledgement that it’s hard to accurately predict the future.
As a Gen Z I wondered why there is so much of this "fake wealth" in stocks and how the average persons labor is not worth anything. I think Whatifalthist shows perfectly how we live in a "fake economy". Im in college now and work a part time job, I feel like every dollar I earn isnt worth anything. Even simple things like food have insane prices on them. Not to mention the cost of tution being insane and the fact there is no jobs. A few of my friends older just graduated from the same college which is considered a public ivy, and often go on 3 or 4 rounds of interviews just be rejected. Theres no doubt that things will have to reset soon or our society will collapse as none of us are able to have our own families. I'm really glad we have somebody like Rudyard who can put into words to what I've been feeling.
I’m part of the oldest cohort of gen-z. I’m sorry, I need two jobs to pay my bills and one inevitably is simple and entry level. Because so many of us older grads have been forced to work 70 hour work weeks we kicked the bottom rung out… I imagine the immigration hasn’t helped much either…
You might enjoy Charles Einsenstien's book called Sacred Economics.
there's nothing "fake" about it. Real wealth is gained by obtaining Assets whether that's stocks/bonds or Real Estate. It's not really a new concept. Europe for Centuries was ruled by the Land Owners. Stocks are relatively new but still they've been around since the early 1600s. If you think you're going to generate real wealth but busting your arse as a laborer you're mistaken. What you CAN do is take those earnings and buy Stocks/Bonds/Commodities/Real Estate to actually build wealth and by taking a few risks and a little luck you could even build generational wealth.
Failed finance leads to a flawed economy. We can attribute this situation to the simple fact that society consumes more than it produces in the most general sense. Practically speaking, we can observe this in finance, where debt markets are rapidly expanding everywhere. The negative output of society is stored in future promises of wealth, which are debts, and greed makes people blind to reality in this sense. The system is primarily driven by the blind hope of somehow obtaining that wealth in the future.
"We can attribute this situation to the simple fact that society consumes more than it produces in the most general sense."
This.
And it's all because it's the easiest way to increase GDP, since consumption is the single biggest factor in calculating GDP.
If you want to reduce debt, you could limit the financial instruments available to get into debt. The US has a big credit culture, not shared with many European countries for example. In my country, someone rarely has a credit card (to the point that it is frustrating to need one in North America). You could also put limits on how much of ones' life income one can loan on a mortgage, which would additionally bring down housing prices, and with it, rent and cost of living.
Finally, many households could avoid a lot of debt by having a country with proper safety nets. Supposedly, what holes european nations help households solve with welfare programs, the US lets households solve with debt. At least that's the analysis I've recently read in one of your countries' newspapers, says.
@@nielskorpel8860household debt is insignificant in the face of government debt. The west is enslaving itself on a national level, and Europe is just as impacted by this -, in fact its welfare programmes make state debt even worse.
It's amazing how people believe that we're not in a great depression when even the government's inflationary numbers are above anyone's raises.
those numbers are drastically underreported, as obvious to sentient individuals
Real capital density is higher. So on a % or share basis it's the great depression, but no one misses a meal and everyone is online all the time. Much how the great depression itself didn't feature mass starvation deaths etc. Compared to the Medieval period when economy was primarily agricultural and thus bad harvest = people die.
Because we aren't.
I remember them claiming we recovered from the 2008 crisis in a few months. In reality I never heard of a single person who lost jobs and houses back then who ever got back where they were. There’s just a huge disconnect between the factors they check and the reality those are supposed to depict. There’s so much gaming the system that the governments fool themselves into thinking they fixed things they know they never tried to fix.
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury.
From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years.
These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.”
― Alexander Fraser Tytler
I love what you said about NOTICING THINGS.
when I mention to people what I notice, they say "that is anecdotal".
They want experts and statistics.
What I know is that professional experts GET PAID TO SAY THE THINGS THEY SAY.
Also, statistics are manipulated and rigged far more often than they are honest.
How do I know?
That is what I did for a number of years.
People who don't take anything else seriously except numbers are moral and intellectual dullards and should not be taken seriously.
I have a feeling that we have nearly reached the end of our recent period of intense growth that the world has seen, and that we are about to hit another part of history where quality of life and technological advances get worse/slow down significantly.
Later we will rise back up, as we have throughout history, but the question is when, where, why, and how?
Growth is never forever
I think German prophet Alois Irimaier has already answered your question.
Even the most impoverished amongst us. For the last 50 years in the West. Have lived better than the Kings of the previous 5,000 years the world over.
And also most likely than the Kings for the next 5,000 years!
@@stanleykachuik2589keep smoking, life is better when your mentally satisfied. No technolgy or excess of money will satisfy a deep hole in your soul
Technology doesn't really stop though. Even people that lambaste the so called Dark Ages don't realize thats all sorts of technologies were improving even then in medieval times people had sea worthy ships that the Romans could only dream of for example and now they were exploring the new world with relative ease.
Unrelated but I just wanted to say I tried the CIA's meditation program on your recommendation and it's been life changing bro. I've experienced things so far beyond what I ever would have thought is possible and it happened almost immediately upon using that program. So in other words, thanks lol.
Finally someone who actually gives that shit a try. Some people are able to transcend and others can't, but if you can it's life changing.
What ended up happening?
I tried it a little bit myself. The tale of the spiritual journey was similar to what I've gone through. Good stuff.
do you have a link please?
I had the link before but it doesn't seem to be loading now..
That 25 ways to lie with numbers is a great idea, please do it
I use the "supermarket test." Go to the store (or a restaurant) and see what it costs to buy things. I have found some receipts we had from 2021-2023 and the price change is really dramatic.
I have a Ph.D. in math, specialty in probability and statistics. I know how the government numbers are massaged. Never trust government numbers. Only trust the reality that you personally experience and can verify. But praise Big Brother, who has just raised the chocolate ration to 25 grams per week from 30.
There’s a thing that has been making the rounds on the intertoobz lately where a guy pressed reorder on his ~$100 Walmart grocery order from like 2021 and it was ~$400 now.
I just wrote a top-level comment about the last part. In my family for about 3 years, our grocery situation was slowly getting tighter but when I tried to talk about it, our mom claimed that life was getting better and that we had more than we ever had before.
You incidentally hit the nail on the head right about 11:40; you're not afraid to be wrong. Society has drilled into people's heads the misguided notion that being wrong is the worst of all sins; only those who are not afraid to be wrong and learn from that are capable of growth.
It’s weird how much you nailed the expert rider thing in the beginning. My brother was smarter than me in school, and has said expert bias, and thusly tried to use “science” to prove I was autistic and get me removed by CPS. It seeps into family life and strips people of their eyes. It’s not real unless there’s a statistic, but anything you can prove is the data the way YOU see it. Logic is stripped, no wonder so many people feel gaslit. I don’t agree with everything you said but I do with that
My Dad is an economist and he's the blindest yes man ever. You articulate everything so well! 👍
One of the biggest questions we should all be asking is this. Who are we paying the interest on our national debt to?
Global elites?
Anyone that owns a Treasury bond when it matures. But some entities own a tons of bonds and some a few
@@4bidden1AKA a certain tribe that despises the West for centuries of ostracisation...
Oy vey!
US citizens and US organizations, primarily. Fabulously wealthy citizens and organizations. They've turned the Federal government into their own private bank.
I listen to the “Marketplace” podcast by BBC/NPR which is an American weekly podcast about (primarily) the USA economy. Almost every single week they have a somewhat circular discussion about how economists say the economy is fine and people are doing better, yet the vibe is off and people feel like things are terrible. It’s interesting how they can hint at this discrepancy and truth but can’t quite square the circle out loud that the statistics aren’t right.
I overheard this on my dads computer. I was just thinking how out of touch they sounded😂
People know from their own ability to pay rent/mortgage, car payment, gas, groceries vs. their paycheck, how the economy is doing. DC bean counters be damned.
@@robertgriffin6668 Yep. There was a report out this week about the highest paid municipal workers in my small town of 15,000 people. The top 5 highest paid people included firefighters and administrators making $170,000 a year. There were 24 people earning over six figures. Meanwhile, regular people in my town are earning considerably less and can’t cope with the cost of living.
The problems are housing and monetary inflation. Young people Spending 50% of their income just to not be homeless is terrible. Retirees on fixed incomes are also doing pretty bad.
The thing is, the economy is fundamentally fine numerically. People who bought their homes prior to 2021 and still work are generally doing great and landlords are doing AMAZING lol.
That is to say, people are more productive than they’ve ever been. That productivity is getting eaten by the middle aged.
@@deriznohappehquitethose old people should have either saved money while shit was on easy mode or had lots of kids while life was on easy mode. Many did neither but still expect other people's kids to support them in their retirement after they blew a lifetime of prosperity.
I remember discussing with my wife, as covid started, how a two tiered economy was developing where capital kept making money while we all had to stay home or lose their small business. Crazy to see it being discussed.
She’s lucky you’re perceptive and looking out for her!
One of the reasons society is in decline is that when most people rent their homes, deliberately trashing their own neighborhood is a perfectly valid strategy to pay less rent. The reason neighborhoods where most people own their own homes are nicer than ones where most people rent their homes is that people who own their own homes want to maximize their property values, while renters benefit from lower property values. If you own your own home, it is basic common sense to take pride in it, to keep it clean, to maintain and improve it and to get along with your neighbors, while people living in rented neighborhoods are perfectly fine to trash their own communities since they have no stake in it. Same with our leaders who have no stake in the society they rule over. The elites are perfectly fine to trash their society because they have no stake in it and keep their jobs and salaries no matter how bad things get and the politicians live in gated communities and some do not even live in their own districts and are thus insulated from the consequences of their actions.
"if you've ever read the book 1984" yeah if we're here we done 1984, BNW & catch 22.
Why most "Economists" are totally wrong:
1. Most Economists you know work for the State, a think tank that exists to tell the State what to do, or a University (largely paid directly or indirectly by the State).
2. The correct answer to "What should the State do?" (in the field of Economists) is always "Less!".
3. The State doesn't pay people who will decrease its power as their goal is always more power.
4. The State only pays the "Economists" who tell them the wrong thing.
5. Therefore, the only correct Economists aren't popular and you don't know their names.
6. Therefore, the only Economists you hear from are almost always wrong about everything.
(7. Most "Economists" aren't actually Economists at all. The term means "wise use of scarce resources". These "Economists" ignore cost (scarcity) and advise the State to do more, which is always the least wise thing to do. Ergo, they aren't "Economists" at all!)
Reading list for good Economics:
"Man, Economy, and State"
"Human Action"
"Economics in One Lesson"
"What Has the Government Done to Our Money?"
Go to mises . o r g and you should be able to find an HTML or even audiobook version of these.
-An Economist
Simply that
Finally, someone who mentions Rothbard and Mises in these comments.
"If we were charitable, we would say economists are bad at their jobs.If we were being mean, we might compare promerger economists to paid prostitutes, but that would be grossly unfair to prostitutes," - Jonathan Tepper
If you think so absolutistly about states being bad, will you have room in your head to understand problems from a different perspective?
@@nielskorpel8860 just prove them not to be bad, so we can start talking and considering other topics.
The fall of men comes from men, rather than from nature
Problems:
1. The State exists only to increase or protect its own power. If you were told otherwise, you were lied to.
2. The State is laughably inefficient/corrupt/evil.
3. State action is counterproductive to the economy, in that the word "economy" means the wise use of scarce resources. The State is the opposite.
4. Fortunately, the State can only tax so much of the market, so the inefficiency of the State was limited.
5. That is, until the State decided to monopolize the currency, and then could simply print more money so it could spend more. This is possible due to the Federal Reserve in the US.
So, what is wrong with the economy? Mainly the Federal Reserve. Almost all of the weird economic indicators and the economic problems Americans have are due to the Fed.
-An Economist
Let's not forget that the FED, bank of London and all banks of Italy, Switzerland and most of Europe are all partly owned by the rothchilds.
Is there any reality where things can come back from all of this? Where we go back to plenty of jobs, plenty of resources, a world that even fucking _slightly_ resembles the American Dream? Is the slow decline into global turmoil inevitable?
We need a Christian State. ☝️🔥
@@OckhamAsylumrely on the Dollar less. Use alternative currency, such as credit with friends and neighbors, actual silver coin, and take up practical skills like gardening and sewing.
The entire political system is based on a popularity contest, it's absurd. The economy being centered around a shady group of rich folk fits right in. Our society is straight doo doo on most levels. We're good at mass destruction of all kinds. Hubris, corruption, collective mania, self-congratulation all top notch :)
I've been doing econ reading over the last few years at a medium-low intensity. One angle that I find increasingly interesting is to think about on the one hand the kinds of goods and services the access to which people measure middle or upper middle class life, and then how few people participate in the production of those goods and services.
For example, you'd think that in a functioning market economy access to housing would stay reasonably high, because any time there was a shortage housing construction would become profitable and workers would start doing that. But of course this doesn't happen. From what I've been able to gather, in housing specifically it seems to be overregulation, if everyone could just build housing, then existing houses would lose value. So homeowners as a class have an incentive to fight the construction of new housing. This seems like a massive market failure and I find it crazy it's not talked about more.
Not only that, but even when they build, there’s only so cheap you can do it with the licensing and standards involved. Wild that it’s illegal to build a low quality house and sell it, but legal for homeless to camp in tents and crap on the sidewalks. Great job protecting us, government.
@@animula6908 Yep, I know exactly what you're talking about--a guy created mini-houses in LA and the LAPD destroyed them all because homeowners complained. It's NIMBYism.
@@animula6908 Because in economic textbook theory, the reason people are unhoused is because housing is too expensive for them to afford. This illustrates starkly that that's not remotely true and we don't live in a market system, or at least not where housing is concerned.
@@animula6908 Basically in this scenario, the police are acting as enforcers on behalf of homeowners to protect the housing cartel in exactly the same way that unions would beat scabs who crossed the picket line in other eras.
@@animula6908 Totally agree. I'm resisting getting triggered and posting 4 or 5 more responses in agreement.
I think my biggest fear right now is that I'm living through the last organized elections for a long time in the United States, I have a fear that the economic turmoil that's been going on in stock markets, the housing bubble, the south China sea, all of this will come to ahead as I'm 28 years old, out of work, overweight and dealing with my right arm that's not been straight in almost 4 years.
I'm concerned we're a society on the verge of total war against our elites and here I am unprepared and out of it and unable to make sure I'm set up to be on top come said war. Now none of that could happen and it could be a whole set of circumstances and I'd still would want to be ready just in case, I look around myself and I'm seeing more and more bums on the street and empty houses from old boomers dying it and no one buying them but instead people wanting to make them into shitty businesses, it's terrible.
Honest question, how can you be out of work AND overweight? How do you get money for food?
@@peteschaub7561Government assistance, probably. If he's paid in to Unemployment, then no shame, but it's a bad plan for survival.
When the bad times come, the worst places to be will be in the major cities. Can't grow food or hunt there. Surrounded by other people who can't support themselves. When people get hungry, they get desperate, and crime is what will result as people survive any way they can. Police will not save you.
You don't have to live in the mountains, or deep woods, completely off grid, but, if you're in a major metro, you need to be moving further out to a small town or somewhat in the country. Get a trade. Learn how to grow something you can eat. You might not be able to grow enough to completely support yourself, but being able to produce part of your food helps.
If you're in a big metro, living in an apartment building, dependent on government money to survive, then you're done for. Sorry to tell you.
@@peteschaub7561 cheap food is the most fattening.
I've spent the last five years preparing (as best I can) for just such a probable future. But the first step is accepting that what is coming is not going to present you with good odds no matter what. Conflict is swift, awkward, and unfair. And I have had to come to terms with the fact that I could be undone at any moment, and that I have a very small likelihood of being one of the survivors who tells stories of the crazy events he's witnessed.
But none of that is any reason not to prepare. Remember what is valuable when money stops being worth anything. Food, medicine, tools (of work and defense), precious metals, SKILLS, and most importantly of all PEOPLE. PEOPLE are going to be our greatest resource in times of strife. If you do NOTHING else in the time you have, form strong bonds of fellowship with someone, even just one other person. Discuss the future with them and make plans. That could make the difference right there. God be with you.
Frankly I’ve just let go and let God. This shit is too big for me and frankly I don’t care what happens, so long as I’m right with The Lord. God be with us all friends. We’re gonna need him…
Spaceman #1: "Wait, it's about money?"
Spaceman #2 "Always has been."
Only at the lower levels. Billionaires don't care about money per se. They have all the money already, so they turn their attention to other agendas. That's why Bezos for instance bought the Washington Post, despite the fact that it's not even close to being profitable. But he's willing to lose money in order to push his various agendas.
It was never about money. The money is made up by the central bank and lent at interest. It is imaginary.
It was always about power and control. Stop engaging in their systems of control.
I bet if you had the average politician try to play Stellaris, HOI4, Civ6, or any of the Total War games, they'd do horribly. Their ability to manage an economy and strategize is off the charts bad.
I literally only did that and read during college
Everything is intentional. We are tax slaves. There’s always an imaginary hand guiding all society/world exactly where they want us. We’re livestock. Bankers run the world. There’s political parties, etc.
Tbh, the opposite is also true, since the job of a politician is very different than playing any of these games.
@@senhox970 Yeah but not comparable in difficulty. All a politician does is talk, sign papers and take orders from their donor masters.
I've never played any of those games, so most people older than me won't get the reference.
PS: decades ago I was an expert at playing Halo against the computer, but I was trash against people. The computer was predictable.
I only studied economics for four years in university but I will say your analysis is pretty spot on to my reaction on hearing Biden and their supporters claim the economy is doing great… economists don’t just sit around flaunting GDP - they know it’s a meaningless metric, same thing for inflation and unemployment.
The economy _is_ doing great. For the rich. The same rich that use tax heavens.
Monthly groceries for me, by myself back in March 2020 according to an old receipt was 121$ and I ate out at a restaurant 2-3 times a month. Now? The exact same groceries because I wanted to test this, according to LAST MONTH'S receipt, totaled 291$. 121$ to 291$ in just....3-ish years. That's MORE than 100% increase isn't it?
Btw, this is in North Carolina, which has regularly ranked as the 24th cheapest state to live in since 2021, meaning it is somewhere in the middle according to affordability.
For many decades Japan has been in a supposed crisis of deflation.
Now everyone is happy because Japan's stock market is growing again and inflation is going up to the expected goal once again.
...but during the decades of deflation people were able to save, many people opened shops and small businesses thrived, while inequality and big corporations struggled.
...now in this new Japan economy poverty and inequity are skyrocketing, just like big corporations profits
Yes and no but mostly yes.
I'm American but I've been gone as an expat for 10 years. I try to stay in tune with what's happening back in America through videos like this and it seems bleak. People I know back in the 48 tell me about all the issues they face in day to day.
I'm really glad I decided to leave long before everything seemed to change rapidly.
Where you live and how u make a living?
Make sure that where you are now would be able to survive if the western economy imploded. There are a lot of expat-friendly places that would go down with the ship.
@@kenpe1455 Philippines and online work. $1000 a month is middle middle class where I live. I make $2000.
You're not going to escape this running away.
@@colinmarshall6634 Real talk if the western world imploded, the entire world is going into hard times. There's no escaping it.