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Is the American Dream Dead? · Earn Your Leisure

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  Speaker 2: I have a question for you to start the week,
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  Speaker 2: and it was a controversial take, but I think as
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  Speaker 2: a conversation that's needed to be had is the American
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  Speaker 2: dream dead.
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  Speaker 1: Yeah.
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  Speaker 2: I know, they say, y'all unlucky, y'all entrepreneurs, you live
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  Speaker 2: in America. Shout to you for Trump supporters in here,
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  Speaker 2: go back to where you came from. Yeah, I hear you.
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  Speaker 2: But at scale, it's a conversation that needs to be had.
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  Speaker 3: What do you think? Yeah, for sure, that's how we
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  Speaker 3: start the book off, for sure. So you know it's
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  Speaker 3: definitely a little controversial, but I look at it like this,
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  Speaker 3: as far as I'll speak on the good side. First,
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  Speaker 3: if you're an entrepreneur, if you're trying to really chase
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  Speaker 3: your dreams, America is flowed in a lot of ways
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  Speaker 3: past and present, but there's no place like America. Only
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  Speaker 3: in America. That was the slogan for Don King. So
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  Speaker 3: America is still a place Trump.
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  Speaker 2: I'm like, boy, hold on, hold on, don remember Don King?
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  Speaker 3: That was only in America, that was his thing.
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  Speaker 2: Yeah, I kill it. We gotta talk about the black
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  Speaker 2: culture votures one day, but go ahead.
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  Speaker 3: He's a legend though.
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  Speaker 1: For sure.
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  Speaker 2: I'm not taking that away.
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  Speaker 3: Yeah, yeah, for sure. But you know, when you look
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  Speaker 3: at the situation, as far as you know, if you
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  Speaker 3: really America is a place where you can really get busy,
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  Speaker 3: put your head down twenty four months, make the right moves,
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  Speaker 3: and you can really really change your life in America.
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  Speaker 3: So I'll start off saying that. Now, as far as
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  Speaker 3: the American dream, when I'm referring to a lot of
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  Speaker 3: times when I speak about the American dream being a lot,
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  Speaker 3: is that this idea that if you work hard and
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  Speaker 3: you make it to the middle class. Then that's the
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  Speaker 3: golden level of life and you can, you know, retire
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  Speaker 3: at sixty five and you can send your kids to
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  Speaker 3: college and every that to me is a lot. The
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  Speaker 3: middle class is a product the mortgage system in America
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  Speaker 3: is the product of the banking system. So the idea
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  Speaker 3: ofkay you moving from and now we're seeing the reverse.
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  Speaker 3: People are moving from the suburbs to the city. But
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  Speaker 3: the idea that you move from the city to a
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  Speaker 3: low ink, from a no income neighborhood to a suburb
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  Speaker 3: to admit mid to you know, doing okay neighborhood has
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  Speaker 3: some level of security. It's not true. You actually probably
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  Speaker 3: have even less security because at least when you're paying rent,
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  Speaker 3: you're just paying rent. Wor worse that happens is you
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  Speaker 3: missed the rent and you get kicked out. The worst
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  Speaker 3: thing that happens when you the fault on your loan
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  Speaker 3: is that you could actually get sued and now you
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  Speaker 3: got four hundred thousand dollars that you got to pay
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  Speaker 3: and then it ruins your credit forever and then you
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  Speaker 3: So it's actually way worse to the fault on a
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  Speaker 3: mortgage than it is to just not pay your rent.
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  Speaker 3: You could just walk out on the rent payment. But
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  Speaker 3: the thing about it is this, most Americans are buying
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  Speaker 3: homes that they can't afford. That's why you need to
• 4:41
  Speaker 3: watch the show tomorrow. Most Americans are buying homes that
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  Speaker 3: they can't afford. So when you when you're putting something
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  Speaker 3: on heavily over a debt, so you're going debt tremendous
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  Speaker 3: amount of debt to make sure that you're living somewhere.
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  Speaker 3: But the average person doesn't have four thousand dollars in savings.
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  Speaker 3: So what that tells me is that that's why we
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  Speaker 3: have to have compassion and for homeless people because we
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  Speaker 3: don't know how they got there, either from the mental
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  Speaker 3: aspect or the financial aspect. But the vast majority of
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  Speaker 3: people are not far away from being homeless, right, We're
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  Speaker 3: all just one decision and one paycheck away from being homeless.
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  Speaker 3: So you got to think about this stuff right where
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  Speaker 3: it's like, Okay, if you have four thousand dollars saved,
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  Speaker 3: then that means that you're living pretty much paycheck to paycheck.
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  Speaker 3: And if something happens for a month, let alone two months, right,
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  Speaker 3: if you don't have family, you're gonna be out on
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  Speaker 3: the street. That's not a dream to me. That's more
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  Speaker 3: of a nightmare. So you got to you gotta leverage
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  Speaker 3: the next thirty years to live in a home that
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  Speaker 3: you can't afford, work every single day to make sure
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  Speaker 3: that you just make sure you're maintaining that level. Right,
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  Speaker 3: then you're sending your kids to college. The college is
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  Speaker 3: thirty thousand, forty fifty thousand dollars a year. Man, the
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  Speaker 3: average person, the average person. I just said, that person
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  Speaker 3: got four thousand dollars in saving, So how they're gonna
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  Speaker 3: pay thirty thousand dollars a year. Well, what happens you
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  Speaker 3: student loans. So now you're in debt from your house.
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  Speaker 3: The kids are in debt for their education. They're getting
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  Speaker 3: degrees most of the time, that's not even going to
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  Speaker 3: really advance them in life. So they're starting life out
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  Speaker 3: with one hundred and fifty thousand dollars to the loan
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  Speaker 3: debt and they're still not even able to find a job. Right.
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  Speaker 3: And then when you look at it from a standpoint
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  Speaker 3: of wages have stayed the same for the last thirty
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  Speaker 3: years for the most part, but the.
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  Speaker 2: Cost of adjusted for interest rates.
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  Speaker 3: And inviation, the cost of living has gone up tremendously,
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  Speaker 3: So it's like a it's like this on the chart.
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  Speaker 3: So if wages are staying the same, the cost of
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  Speaker 3: living is going up. The next question is how people
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  Speaker 3: able to survive, how they buy in groceries. Is it's
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  Speaker 3: a direct correlation to why credit card debt is at
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  Speaker 3: are all time high and every year it becomes a
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  Speaker 3: new all time high twllions of dollars of credit card debt.
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  Speaker 3: Right because the difference that people are not making in
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  Speaker 3: their income they're supplementing putting it on debt. So you're
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  Speaker 3: living somewhere that you can't afford, You're sending your kids
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  Speaker 3: to school for them that they can't afford. You're putting
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  Speaker 3: yourself in debt on the on the home, you're putting
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  Speaker 3: yourself in debt for the school, and then you're putting
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  Speaker 3: yourself in even more debt to even just live day
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  Speaker 3: to day life. That to me is a triple recipe
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  Speaker 3: for disaster. We don't even talk about car payments and
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  Speaker 3: in other and other forms of debt. So that's not
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  Speaker 3: a dream, that's a nightmare. That's what most people. But
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  Speaker 3: psychologically you can say, okay, well, I'm still doing better
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  Speaker 3: than I was or somebody that's in abject poverty because
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  Speaker 3: I'm not, you know, waiting on food lines and I'm
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  Speaker 3: not starving. I have meals coming in. I could go
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  Speaker 3: to Miami two times a year. But it's like that
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  Speaker 3: dream is to keep you something. It's like putting a
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  Speaker 3: carrot in front of the rabbit, but having them on
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  Speaker 3: the treadmill. You could see it. Because if you're an
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  Speaker 3: abject poverty now you you well, you don't have no hope.
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  Speaker 3: That's when you revolt, right, But when you got to
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  Speaker 3: keep you some level of hope, and they got to
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  Speaker 3: keep you some level of your better than somebody else.
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  Speaker 3: So that's the trick even with like white supremacy, with
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  Speaker 3: poor white people that they feel like at the very
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  Speaker 3: least they're white. So they made them feel emboldened by
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  Speaker 3: that because they might not have anything else. But they're like, Okay,
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  Speaker 3: I still feel good about myself because I'm white, living
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  Speaker 3: in the portance, living in the poorer states in America,
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  Speaker 3: having you know, health issues. Can't read all types of shit,
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  Speaker 3: So I just see that as a trap to the
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  Speaker 3: American dream. That's not real to me. That's more of
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  Speaker 3: a nightmare. But that's my humble opinion, How do you
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  Speaker 3: feel about.
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  Speaker 2: It when statements like this are made. I always like
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  Speaker 2: to go to the origins of it, and I would
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  Speaker 2: love to ask the question American dream for whom I
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  Speaker 2: didn't say America and dream for citizens. So if I
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  Speaker 2: look at the banks, if credit card debt is that
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  Speaker 2: the highest has ever been, mortgages are higher than they've
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  Speaker 2: ever been, the average payment for a car is I
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  Speaker 2: read seven hundred and seventy two dollars per month, which
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  Speaker 2: is insane. And then if undergrad loans are higher than
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  Speaker 2: ever and now there's degradation in even going to college
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  Speaker 2: and having a pathway. Like most kids who go to
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  Speaker 2: school now they don't know what career path are going
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  Speaker 2: to take. At least when we went to college, or
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  Speaker 2: the thought was in elementary and high school, go to college,
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  Speaker 2: you'll get a job, damn mere, Guaranteed you won't have
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  Speaker 2: any issues. I think the American dream may be dead
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  Speaker 2: for the middle class, but for those who put this
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  Speaker 2: financial level of economic terrorism together, I think the dream
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  Speaker 2: is live and well for them for sure. I don't
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  Speaker 2: think anything at this scale happens by accident. And I've
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  Speaker 2: always said it like the middle class has been eroded,
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  Speaker 2: and people try and push back on it, but when
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  Speaker 2: you look at the actual data, people are suffering at
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  Speaker 2: scale worldwide while the middle is being crunched. So yeah,
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  Speaker 2: do I think the American dream is dead? For the citizens? Yes.
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  Speaker 2: For the institutions, I think they're happier than ever. Because
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  Speaker 2: now if I have a class of people that we're
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  Speaker 2: doing well, and I somewhat eradicate them through AI or
• 10:29
  Speaker 2: scaling inflation corrections in the market market manipulation, I can
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  Speaker 2: control the population a lot better than a post and
• 10:39
  Speaker 2: if everyone is doing well. So But you guys put
• 10:42
  Speaker 2: it in the comments, what do you think is American
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  Speaker 2: dream live and well? But the picka fins go to
• 10:46
  Speaker 2: college guaranteed employment?
• 10:49
  Speaker 4: No, that's over with An illegal alien from Guatemala charged
• 10:53
  Speaker 4: with raping a child in Massachusetts. An MS thirteen gang
• 10:57
  Speaker 4: member from El Salvador accused of murdering a Texas man
• 11:01
  Speaker 4: of Venezuelan charged with filming and selling child pornography in Michigan.
• 11:06
  Speaker 4: These are just some of the heinous migrant criminals caught
• 11:10
  Speaker 4: because of President Donald J. Trump's leadership. I'm Christy nom
• 11:13
  Speaker 4: the United States Secretary of Homeland Security under President Trump,
• 11:18
  Speaker 4: attempted illegal border crossings are at the lowest levels ever recorded,
• 11:22
  Speaker 4: and over one hundred thousand illegal aliens have been arrested.
• 11:26
  Speaker 4: If you are here illegally, your next you will be
• 11:29
  Speaker 4: fine nearly one thousand dollars a day, imprisoned, and deported.
• 11:33
  Speaker 4: You will never return. But if you register using our
• 11:37
  Speaker 4: CBP home app and leave now, you could be allowed
• 11:40
  Speaker 4: to return legally. Do what's right, leave now. Under President Trump,
• 11:45
  Speaker 4: America's laws, border and families will be protected.
• 11:49
  Speaker 3: Sponsored by the United States Department of Homeland Security,