Hello fellow rebel capitals hope you're well I'm here with my less good looking research assistant

Josh and everybody's favorite green screen Jeff Snyder there there he is. In the flash. Well, this story just came out. I think it's going to absolutely blow your mind. Let's get right over to

CNBC and check this out. it's still really hard for me to believe quite frankly

title 61% of Americans are living paycheck to paycheck.

Inflation is still squeezing budgets.

You don't say, and let's combine this with everything else that we've been talking about on this channel recently,

the student loans having to be repaid, the quote unquote excess savings coming down

to the point where we're going to be right back at 2019 levels, but it's not going to plateau, it's going to continue to decline.

Why? Because people's incomes haven't gone up with the rate of inflation. It never happens this way.

Inflation spikes, wages never keep up. So you have negative real wage growth.

So the purchasing power that people have, although their nominal wages have increased, is less than they had in 2019.

So they burn through that savings. And once they burn through that savings, guess what? More and more are living paycheck to paycheck. More of them

are stressing out about finances. More of them just cannot make ends meet. Key talking points,

number of Americans who say that are stretched thin as remained stubbornly high

as though this is some surprise.

Like what did you expect and oh by the way we're gonna get into this in a a moment but think about what Jerome Powell is doing right now.

You say well George he's just raising rates.

Oh no no no no that's just at surface level scratch beneath the surface.

What is he really trying to do?

He's trying to increase the unemployment rate.

Because the people at the Fed have this idea of the Phillips curve

that there's an inverse relationship between inflation

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