Barry Habib
๐ค SpeakerAppearances Over Time
Podcast Appearances
Brandon.
Yeah.
So I don't think it's just corporate America.
I'm going to use an analogy.
But first, I'll say my base case is that I think boomers pillaged America, pillaged their generations after them, Gen X and millennials and Gen Z. And I'll use the analogy that you guys have all done well for yourselves.
Do you think if you were to take out an amount of debt that exceeded your net worths by like five to six X and then left your kids and grandkids with that, would that put them in a good situation?
Are you talking about the federal deficit?
Yeah.
Okay.
Well, you could say that for the last three generations, right?
Yeah.
Going back to boomers.
So boomers, boomers have been running.
No, well, it's not.
It's obviously not all of them because not all of them control society, but the ones that are in politics, the ones that are in business, the ones that are in monetary policy.
So when I say boomers, I'm saying the boomers that run society.
No, a lot of people have no idea what's going on, but people aren't as aware of what's going on as they should be.
What's your question?
Go back to your question.
So if you start off in a strong position, but then you take out an amount of debt to pull a lifestyle forward that you want to exceed your current capacity for a lifestyle.