Hello fellow rebel capitalists hope you're well. I wanted to go over a story from

CNBC talking about Charlie Munger, this is Warren Buffett's partner and him saying that listen life today is five times better than it was in the past and therefore any of you who are complaining about the economy you just you should just bite your bottom lip, suck it up, and get out there and make things happen. Now, I do agree with his statement or his implied statement that you've got to take control of your own life and yes it may be getting worse in the United States and in the West, but it's still no excuse.

You've got to get out there, you've got to get off the couch, you've got to make it happen.

You only get one life, you only get one shot.

And it is still possible to at least forge a good life and a great life for that matter.

It's just looking at the aggregate total, you can see how the standard of living will most likely plateau and then decline into the future.

And therefore, I think what Charlie Munger is saying is a little disingenuous.

So let's get over to,

or a little, well, maybe I should just say,

I think he's wrong.

I think he gets it wrong. And let's get over to this article you'll see what I'm saying here

so stop complaining says billionaire investor Charlie Munger everyone's five times better off than they used to be.

So this statement is accurate.

I mean, he goes back to like the Great Depression. But what this statement misses

is the rate of decline for real GDP.

And I know real GDP isn't perfect.

And I have a lot of pushback on Twitter.

And actually we're gonna go over a story regarding this here in a few minutes.

But show me the country where the standard of living is improving and real GDP is going down.

Or even real GDP is flat.

Right?

So again, I know it's not a perfect measurement,

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