When 86% of upper-class Americans don’t believe their kids will have a better life, the system isn’t just failing the poor anymore. It’s failing everyone, and the people selling you optimism have a financial incentive to keep you confused.
The higher education industrial complex has spent decades convincing families that debt-financed college is an investment. It is not. It is a product they are selling you, and the price tag is ruining lives.
The talking heads on cable news, the social media influencers, and the political cheerleaders all told you things were going to change. I told you to deal with the terrain. Guess who was right.
Goldman Sachs employees literally called their clients muppets in internal emails. And Saudi Arabia, with all its oil billions, has spent decades proving Wall Street right. Here is why this story matters for your money.
While cable news keeps you distracted with AI apocalypse stories, both political parties have been quietly building the actual jobs killer for decades. The national debt and its crowding out effect will destroy millions of jobs and gut income growth, and almost no one in the media is connecting the dots.
Steak is up 155%. Ground beef is up 210%. Your cup of coffee has gone up 400% since 2006. But do not worry, the influencers getting paid to post say everything is fine.
I was in Florence this morning at the Uffizi Gallery, staring at centuries of art built on genuine belief and genuine inspiration. Then I came home to read Peggy Noonan warning that socialism is becoming the new religion for a generation that abandoned faith. She’s onto something, and the financial implications should terrify anyone with a retirement account.
They pre-interview guests, script the arguments, and never keep score on who was right or wrong. I refused to play along, and they called me a wild card.
Wall Street found a clever little loophole called the Special Purpose Vehicle, dressed it up with names like SpaceX and Impossible Foods, and sold it to people who couldn’t afford to lose. Predictably, some of those people are now staring at empty portals and missing money.
The political class has decided that capitalism is the villain, and both the left and the right are now singing from the same broken hymnal. Meanwhile, the actual problem, crony capitalism and rigged systems, goes unaddressed.