I’m not about to go all doomsdayer in your ass.
I don’t imagine in kicking individuals after they’re down or destroying one other particular person’s hope. This text is about how the American Dream has vanished (with stats to show it) and what this implies for you.
First, we have to outline what the American Dream is. It’s the concept that anybody in America can come from nothing — that every one you have to do is get a superb job, purchase a pleasant home within the suburbs, buy a automobile, work arduous, and by 65 you’ll be able to retire with your home paid off. However…
The financial mannequin has modified.
For hundreds of thousands of People that is now not doable. The American mannequin has been exported to a lot of the world, too. So locations like Australia, the place I dwell, face related penalties.
Raoul Pal and his agency World Macro spend hours each week placing collectively information to inform normies like us what’s occurring.
Listed below are the headlines:
- Actual wages haven’t risen since 1965 (supply).
- Monetary belongings have steeply risen in value. This implies the buying energy of the true employee has gone down additional (supply).
- Retirement financial savings are so low that individuals will work nicely past 65 (supply).
- When individuals don’t assume they’ll ever retire they simply get drunk on debt. That’s why U.S. debt ranges are at document highs (supply).
- The federal government is drunk too. They preserve loading up on extra debt to fund their circus present guarantees. All debt is backed up by collateral. The one technique to preserve the collateral from going to zero is for the federal government and central financial institution to print cash (created out of nowhere) and use it to prop up the financial system. Cash printing is at document highs (supply).
- When the quantity of U.S. {dollars} in circulation skyrockets, the value tag of monetary belongings goes up too. This makes the worth of wages in actual phrases…