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Phil

๐Ÿ‘ค Speaker
2977 total appearances

Appearances Over Time

Podcast Appearances

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

No.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

Because that would be cool.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

No, some boomer's going to take it.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

They're going to live forever, too.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

Oh, okay.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

I didn't realize that.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

Yeah.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

Um, so yeah, I mean, I just had a kid too and my girlfriend stays home and takes care of the stuff.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

But I mean, I have, I'm not, I'm the exception to the rule apparently.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

So, yeah.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

Um,

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

But, yeah, I mean, look, I do think that that the the problems that Gen Z is facing are largely creations of of the not just the government, but of also the boomers, like, you know, the boomers that own multiple homes and everyone looking at their their houses, their biggest investment.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

That's going to make a million dollars or whatever.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

In 2008 when the government just started printing money like mad and people were taking loans out at 0% interest and buying stocks.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

The reason that we have like, people talk about income inequality is so terrible right now and it is really, really bad.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

A big part of the reason is because after 2008 when the government brought interest rates down to zero and kept them at zero for 10 years,

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

People that had money, people that had assets would take loans out with their assets as the collateral.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

They would take a loan out at like 1% or 2% or whatever.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

They put that money in the stock market.

Timcast IRL
WE ARE TAKING CUBA w/ Priya Patel

And as the stock market goes up by 10%, 15% a year, they're making that money.