Hello for the liberal capital's hope you're well.

So we just had a report come out from Market Watch that I think really pegs

what's happening in the U.S. economy right now.

What I'm talking about specifically

is the bifurcation of the U.S. economy.

You've got the people with assets,

and then you've got the people without assets. And unfortunately, this trend that we've really seen go exponential since 2019

in my view it's going to get a lot worse.

And the reason I'm saying that is because you analyze how we got here to begin with.

So really what I want to start off with is saying what you guys already know. If we look at the poor and middle class, and now I would say

even the upper middle class that doesn't own assets, they're quite literally in a great depression. There would be almost nothing that would

differentiate the experience of the poor and middle class right now in 2024 in the

United States compared to what the average Joe and Jane experienced, let's say

throughout the 1930s in the Great Depression. Now you say George how can you say

that the economy is booming? No no no, no, no, the only reason we have our

head above water right now is just because of all the aggregate demand that's created by the

class of American citizens with assets.

They're the ones that are creating the majority of the purchasing power.

They're the ones that have seen their purchasing power increase since 2019. Instead of seeing their purchasing power massively decrease.

But unfortunately, the group at the top is getting smaller and smaller and smaller, and the group

at the bottom that is experiencing the 1930s is getting bigger and bigger and bigger.

So we have to ask why.

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