Episode-06- TSP Rewind – Downward Class Migration
Today is an episode of TSP Rewind, commercial free versions of past podcast episodes. Today’s episode was originally Episode-761- Downward Class Migration and originally aired on Oct 12th, 2011. The notes below are the original notes from that episode.
I have been predicting downward class migration in the coming years but the more research I do the more I realize that it is actively occurring and has been for the last 50 years.
In reality it is only the illusions created by easy consumer level debt that has hidden the drop in class level over the past few decades.
The coming downward class migration is more accurately a revealing of what has already occurred than something new.
Join me today as I discuss…
- The inflation rate over the last 50 years
- How a surplus of “educated” people has eroded the value of an education
- Why almost all people with degrees used to be upper management and now are often receptionists
- The real value of a general labor construction income in 1973
- How debt has created an illusion of prosperity during an onslaught of poverty
- How cities and counties are cutting costs today
- 9 American cites that are on the fast track to bankruptcy
- Harrisburg PA is bankrupt, how the state made it happen
- The cold hard facts about what is coming
- My challenge to you, do it on 70% for one month
Resources for Today’s Show
- Members Support Brigade
- TSP Gear Shop
- Join Our Forum
- Sawtooth Tactical – (sponsor of the day)
- Western Botanicals – (sponsor of the day)
- What Have You Done With My Country – where you can get the song
- The inflation rate over the last 50 years – 657%!!!
- 9 American cites that are on the fast track to bankruptcy
- Harrisburg PA is bankrupt
- Me Calling the Harrisburg Bankruptcy saying The State of PA would Cause It
- Me Calling Pontiac MI, “The Canary in the Coal Mine”
- Monetary Myths and the Debt Ceiling
- Is your city out of money, no problem stop prosecuting domestic violance
Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.
My biggest hurdle to self sufficiency is spending. My fiance and I make over 5x the average American’s income, and we manage to spend it all. We agree that we want to pay off all our debts but can’t seem to make it happen. Consumerism has taken hold over us. This episode was great inspiration for us to “re-write our program”, to quote you Jack. NO MORE SPENDING!