¶ The economy is weakening
So the median family income in the U.S. since 1971 has done a 10x increase from about $10,000 to $106,000 today. At the same time, so 10x, keep that in mind. The median cost of homes has increased 17x. The median cost of cars has increased 14x. The median cost of college has increased 16x. And here's the real kicker. If you want to get healthcare, your healthcare per person has increased 42X from $350 to $14,600. So the economy is weakening and you are getting poorer
if you are saving in fiat terms. You can't keep pace with this in the S&P 500 or the Dow or anything like that. Greer, what's your thought on the implications of this?
¶ The economy is cooked, the government ruined it
You can't argue with the numbers. The economy is cooked. The government ruined it. And the other thing that I keep seeing is people saying, hey, we're losing our jobs to AI. Facebook meta, they fired 20,000 people yesterday. We've seen all of these massive layoffs. And the alternative or the antidote is that everyone can go be a plumber. The problem is, I don't think I have that many
plumbing issues at home. I've called a plumber like once or twice. Are we all going to be plumbers and roofers I don think so And the answers that we being given you got to learn a trade learn a skill To me that is just another way for the elite the wealthy to put the middle class into a box We don't matter. And I think that we really need some new answers here. We need to stop the spending.
We need to have sound money and we need to create value for people. But right now, it's completely impossible to get ahead based on what you just described. You know, even at making 140,000 a year is considered poverty in the United States. It's just unfathomable what they've done to the money. And there's no coming back from this. We need something new. I think that's Bitcoin, but we'll see how long that takes.
Yeah, the become a plumber, learn a trade that it reminds me of remember, like 10 years ago when they were saying, just go learn to code. Learn to code. Yeah, learn to code. Like that was it. Like that was the solution. Everyone just needs to be a software developer. and a ton of people did that. And now I didn't even see the news, Greer. 25,000? 20,000, 25,000? 20,000. 20,000 yesterday. Yeah, and I guarantee you lots of developers included in that. It's, yeah, it's insane.
Tony, what's your reaction? The thing is, man, you're going to have to learn something new in this new world. So maybe it's not a plumber, but sitting around and hoping that what you know is going to be good enough for where we going that a serious mistake in my view And the fact that, you know, they're lying about the numbers. I mean, why is that so surprising? You have a group that created money to steal. And of course, you know, they're going to lie about its performance.
The fact is that that money is dead.
¶ That money is dead
It's been dead for many years. It's crystal clear by the rate at which no one can afford anything. And so the issue I find is that most people don't know where to look, right? Like they keep looking within that same broken ecosystem rather than focusing on the exit.
¶ The exit is Bitcoin in self-custody
And the exit is Bitcoin in self-custody. It's just that the majority of individuals, I don't know if they haven't heard of it, But they're just, despite how bad their circumstances are, they just don't give it enough time, right? Like they think they're somehow going to miraculously figure out a way within that same bankrupted dollar system or fiat system, wherever they may be. And that's just like putting yourself off a cliff. There is no win with that mindset.
And I don know how long it takes before most people start to react Maybe they you know folks literally have to be out on the street with restricted access which by the way is coming I been predicting capital controls for a while now. And I think we're reaching the point where it's imminent. And so if you can't afford anything and you can't access anything, well, that combination is usually very hostile.
not. I would add to all of this, depending on the skill set that you have and your willingness to adapt and learn a new skill that maybe AI isn't taking over today or for the next year or two, I think that what becomes increasingly important is how you preserve the value of what you do produce. And you might only have a couple of years of utility value at this point,
given your, you know, depending on the type of job and work that you do. So my non-financial advice, but you know, suggestion is study Bitcoin, start stacking hard, because I think that price is going to get away from you to where you're going to have a lot fewer sets than if you had started today or yesterday or a year ago. And it might be your only hope because you might not be able to, you might not have the job that you have planned on having for the next 20 years
probably isn't going to exist. It's just a matter of time, I think. Thank you.