If a house is 4 million dollars and you work as an uber driver or cashier you may have a different opinion that everything is good. All this current world order has done is monetize everything with debt, a big wall of debt that bids up the price of inelastic goods, as the rich borrow as much as possible to write off their cheap debt using their inflated collateral while never liquidating a penny of their assets.
Then when their mansion burns down due to building in a risky area or the bank that lends all this debt overextends then the government bails them out, as peoples paychecks are inflated away and they are denied pay raises due to the bad economy.
If a house is 4 million dollars and you work as an uber driver or cashier you may have a different opinion that everything is good. All this current world order has done is monetize everything with debt, a big wall of debt that bids up the price of inelastic goods, as the rich borrow as much as possible to write off their cheap debt using their inflated collateral while never liquidating a penny of their assets.
Then when their mansion burns down due to building in a risky area or the bank that lends all this debt overextends then the government bails them out, as peoples paychecks are inflated away and they are denied pay raises due to the bad economy.
But I’m one of these smooth brains.