Podcast: Play in new window | Download (Duration: 1:34:12 — 21.6MB)

It has actually been more than a decade at this point since I first covered this concept in Epi-761 of the Podcast.  I talked about it a lot after that but it became clear that some of what I was saying was being misunderstood. So in 2012 I did this YouTube video about it.  Today a bit more than a decade into this we take a look at how it is playing out and what I got right and wrong.

Join Me Today to Discuss…

• What We Must Pay For (needs)
  • Food
  • Water
  • Shelter
  • Energy
  • Security
  • Health and Sanitation
• Means by Which we Define our LQ (lifestyle quotient)
  • House Quality (size, condition, location)
  • Education (quality, safety, condition)
  • Vehicles (quality, style, reliability, mpgs, etc.)
  • Diet/Food (quality, desirability, service, etc.)
  • Entertainment (frequency, access, time for it, etc.)
  • Credit Access (cost to borrow, limits on borrowing, etc.)
• What is Middle Class
  • The “elite” make up about .9% of society in the developed world
  • The wealthy (net worth over 1 million) make up about 5%
  • The upper middle class make up about 40%
  • The lower middle class make up about 42%
  • The poor make up about 12%
• What has really been going on
  • Wages have failed to keep pace with inflation
  • Interest rates have been artificially low, setting up a bad end game
  • YOLO has been the creed fo society since the 1980s
  • Our dependence on off shore manufacture and materials has grown constantly
  • We have created a society of educated idiots with low skill and low drive
  • Administrators have out numbered doers and the gap grows – artificial price inflation
  • Regulatory capture has resulted in government protected monopolies in all primary sectors
  • Supply squeeze, money printing and economic ignorance have led to inflation + artificial S/D curve
  • Deflation is coming at the same time, more accurately disinflation, “it’s a trap”
  • Real estate is about to experience another huge wealth transfer to the wealthy and elite
• What I got wrong, pretty much only that it was far more by design that incompetence
• What can you do about it
  • Build in the parallel economies we talk about all the time
  • Develop hard skills
  • Make your property productive
  • Buy smart, work systems hard
  • HODL Bitcoin even if it hurts to admit that “Jack is right about it”
  • Over all drive down the cost side of your life while driving up the LQ at the same time

Resources for today’s show

1. 1. • Follow Life With Jack on Instagram
      • Join the Members Brigade
      • Join Our Forum
      • Walking To Freedom
      • TspAz.com
      • TSPC on Discord
      • TSPC Group on Telegram (group chat)
      • TSPC Telegram Channel (just messages from me)
      • Jack on Flote
      • Jack on MeWe
      • Join Me on Odysee
      • All My Bitcoin Tools in One Place
      • Get the Fold Card – Or You Hate Money

Sponsor of the Day

1. 1. • Permies.com
      • Permaculture Design Course and Appropriate Technology Course 
      • Get the Natural Swimming Pools eBook Deal at Permies

Video Version of Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon.

Want Every Episode of TSP Ever Produced?

Remember in addition to discounts to over 40 vendors who supply stuff you are likely buying anyway, tons of free ebooks and video content, MSB Members also get every edition of The Survival Podcast ever produced in convenient zip files in blocks of 24. More info on the MSB can be found here.