Barry Habib

Meaning, are you talking house or college?

For the analogy I used?

Yeah, the analogy you used.

If you're this age, you buy this, you buy this, what do you do?

I'm talking for standard of living.

Say you're doing well, but you're in the top 1%, but you want even more than you have.

You take out an amount of debt that exceeds your net worth by 5 to 10x or exceeds your yearly income.

To buy a house.

Yeah, to buy a house, to buy boats, to buy cars, and then your kids end up getting left with that debt.

They also have the asset.

Yeah.

We have assets here, but our debt exceeds our yearly revenue.

Our tax revenue is like $5 trillion.

Our debt's like $40 trillion.

So it wasn't always the case that our national debt exceeded our annual revenue.

So I'm saying that the reason our standard of living has gone down, the reason our disposable income has gone down, is because the generations prior to us have pulled forward money from the future to themselves, inflated assets.

Now those assets are much more expensive.

We're still doing it, yeah.

Like the last five years, for example, we're technically pulling wealth forward from the future when we're printing a couple trillion dollars.

Can I give one quick thing?