I<00:00:00.599> think<00:00:00.719> once<00:00:01.020> you<00:00:01.140> understand<00:00:01.319> the<00:00:01.680> flows<00:00:01.979> of

I think once you understand the flows of

I think once you understand the flows of wealth<00:00:02.520> you<00:00:03.240> can<00:00:03.360> see<00:00:03.600> that<00:00:03.959> our<00:00:04.140> middle<00:00:04.380> class

wealth you can see that our middle class

wealth you can see that our middle class will<00:00:04.860> shrink<00:00:05.100> living<00:00:05.640> standards<00:00:06.120> will<00:00:06.299> shrink

will shrink living standards will shrink

will shrink living standards will shrink and<00:00:06.720> the<00:00:06.839> economy<00:00:07.140> will<00:00:07.319> continue<00:00:07.440> to<00:00:07.680> fail

and the economy will continue to fail

and the economy will continue to fail and<00:00:08.760> this<00:00:09.120> is<00:00:09.240> the<00:00:09.360> realization<00:00:09.720> I<00:00:09.960> had<00:00:10.080> back

and this is the realization I had back

and this is the realization I had back in<00:00:10.380> 2011.

in 2011.

in 2011. um<00:00:11.940> and<00:00:12.120> it<00:00:12.240> was<00:00:12.360> also<00:00:12.540> the<00:00:12.660> realization<00:00:13.080> I<00:00:13.320> had

um and it was also the realization I had

um and it was also the realization I had in<00:00:13.980> 2020<00:00:14.400> when<00:00:14.580> covet<00:00:14.940> happened

in 2020 when covet happened

in 2020 when covet happened because<00:00:16.260> you<00:00:16.500> could<00:00:16.619> see<00:00:16.800> that<00:00:16.980> the<00:00:17.160> wealthy

because you could see that the wealthy

because you could see that the wealthy were<00:00:17.580> going<00:00:17.699> to<00:00:17.760> get<00:00:17.880> massively<00:00:18.539> more<00:00:18.660> rich

were going to get massively more rich

were going to get massively more rich if<00:00:21.060> you<00:00:21.119> know<00:00:21.240> the<00:00:21.420> way<00:00:21.600> that<00:00:21.779> the<00:00:22.080> rich

if you know the way that the rich

if you know the way that the rich Behavior<00:00:22.619> will<00:00:22.800> know<00:00:22.980> they<00:00:23.100> will<00:00:23.220> use<00:00:23.400> that

Behavior will know they will use that

Behavior will know they will use that money<00:00:23.699> to<00:00:23.880> buy<00:00:24.000> assets<00:00:24.359> from<00:00:24.480> the<00:00:24.600> middle

money to buy assets from the middle

money to buy assets from the middle class<00:00:24.960> that<00:00:25.560> will<00:00:25.680> increase<00:00:25.800> inequality<00:00:26.400> more

class that will increase inequality more

class that will increase inequality more and<00:00:26.880> that<00:00:27.000> will<00:00:27.060> lead<00:00:27.240> this<00:00:27.420> spiral<00:00:27.720> to

and that will lead this spiral to

and that will lead this spiral to accelerate<00:00:28.320> so<00:00:29.279> when<00:00:29.820> you<00:00:29.939> look<00:00:30.060> at<00:00:30.180> the<00:00:30.300> whole

accelerate so when you look at the whole

accelerate so when you look at the whole picture

picture

picture what<00:00:32.279> you<00:00:32.399> can<00:00:32.520> see<00:00:32.640> is<00:00:32.820> that<00:00:33.059> that<00:00:33.239> the

what you can see is that that the

what you can see is that that the situation<00:00:33.780> is

situation is

situation is basically<00:00:35.340> phenomenally<00:00:36.000> Bleak<00:00:36.780> because<00:00:37.440> if

basically phenomenally Bleak because if

basically phenomenally Bleak because if in<00:00:38.040> the<00:00:38.219> absence<00:00:38.520> of<00:00:38.700> any<00:00:38.880> action<00:00:39.120> being<00:00:39.360> taken

in the absence of any action being taken

in the absence of any action being taken it<00:00:40.140> has<00:00:40.440> become<00:00:40.680> inevitable<00:00:41.280> that

it has become inevitable that

it has become inevitable that ordinary<00:00:43.800> families<00:00:44.160> and<00:00:44.399> the<00:00:44.700> existing

ordinary families and the existing

ordinary families and the existing middle<00:00:45.059> class<00:00:45.300> will<00:00:45.600> over<00:00:45.780> time<00:00:46.020> lose<00:00:46.320> all<00:00:46.680> of

middle class will over time lose all of

middle class will over time lose all of their<00:00:46.980> assets<00:00:47.280> and<00:00:47.820> that<00:00:47.940> will<00:00:48.059> happen

their assets and that will happen

their assets and that will happen generationally<00:00:48.840> so<00:00:49.379> it'll<00:00:49.559> be<00:00:49.680> difficult<00:00:49.860> for

generationally so it'll be difficult for

generationally so it'll be difficult for you<00:00:50.100> to<00:00:50.219> see<00:00:50.340> it<00:00:50.399> as<00:00:50.579> an<00:00:50.700> individual<00:00:51.000> but<00:00:51.360> if

you to see it as an individual but if

you to see it as an individual but if you<00:00:51.600> can<00:00:51.719> pay<00:00:51.840> yourself<00:00:51.960> to<00:00:52.260> your<00:00:52.379> parents<00:00:52.680> and

you can pay yourself to your parents and

you can pay yourself to your parents and your<00:00:53.039> kids<00:00:53.219> and<00:00:53.460> your<00:00:53.579> grandkids<00:00:54.059> you<00:00:54.480> will

your kids and your grandkids you will

your kids and your grandkids you will see<00:00:54.719> each<00:00:54.960> generation<00:00:55.260> getting<00:00:55.559> poorer<00:00:55.980> over

see each generation getting poorer over

see each generation getting poorer over time