Hey everyone welcome into the show. We got new data on the middle class that I want to talk about

before we get into your Q&A questions here. So new data on the middle class shows just how devastated America's middle class has become

over the last 20 years.

America's middle class right now is virtually non-existent.

I don't even think it really exists anymore. The disparity

between the haves and the have-nots has grown to an unbelievable level. So as investors, we need to be thinking about how can we take the less money that we have

coming in in forms of wages while we have this high inflation and converting that into tangible

assets that are going to produce income for us or act as a hedge against inflation.

So new data out shows that from 1970 to 2021, the share of U.S. aggregate income earned by the middle class shrunk massively, from

formerly 62 percent in 1970 to just 42 percent. Unbelievable. And at the other the other side of this is what

China has done, which is the exact opposite of what the United States has done.

Now I'm not like any kind of pro-China or anything.

I'm just pointing out the facts here.

China's middle class has expanded by 49%

in the last 15 to 20 years,

the opposite of what we have done. We've outsourced our

manufacturing, all of our commodities are now outsourced, right? We've now

clamped down on all sorts of growth in the United States, and this is the end result of it.

A dollar that is declining, the printing of money, and so we're seeing runaway inflation.

So the value of that dollar that you get from working a 40-hour work week

is now way less than it was 10 years ago. You're working harder for less money

and the value of the dollar that you're getting at the end of the day

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