Understand how the Great Depression, the dot-com bust, and the 2008 meltdown unfolded, and decide whether today’s AI boom is the next bubble.

we’ll break down 8 success rules that no longer work, and show what actually matters now, so you stop playing a game that’s already over.

By almost every conceivable economic metric the 1980s were worse than today. Life expectancy, human development, median incomes, and household wealth were all lower…And at the same time, unemployment, interest rates, and poverty were all higher… Now you might say that at least back then people could buy a home and weren’t being forced to finance their burritos thanks to a cost of living crisis right? Except that, actually… Throughout the 1980s home ownership rates were lower, interest rates were higher and inflation was even worse.For the people who did buy a home, more than half of the average household income went to mortgage repayments alone, significantly higher than the 33% average today. The houses themselves were also significantly smaller and accommodated more people on average. And it’s also not like it was all because people were living off a single breadwinner either. By the end of the 1980s it was actually even LESS likely to have a stay at home partner than it is today. This is to say nothing of the modern conveniences, comforts and customs that have made our lives a lot more cushy. but despite what the numbers might say, the late 80s and early 90s are often seen as the last time “the system” was working for the people. It was when the boomers fully entered the workforce and built the foundation that made them the wealthiest generation in history. In fact even the majority of you guys watching, (you know, a group of people who willingly subscribe to look at depressing charts every week), still said that you would prefer to live back then.which raises the question, are we just nostalgic for an economy that never really existed?Or has something else changed that’s made all of these macro economic numbers comparatively irrelevant?

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Bet on anything markets have just had their best year ever. These platforms let you gamble (or sorry I mean TRADE), on everything from elections, to the number of starving children in active warzones all the way down to Jake Paul getting the snot beat out of him.Now (as a shock to absolutely nobody) the proliferation of these markets is already having some… questionable… impacts on the state of our society, but that’s easy to ignore when these platforms are bringing in this much money. Just Kalshi and Polymarket (the two largest prediction markets right now) are on track to handle over a hundred billion dollars in trading volume this year alone, and other businesses have noticed this. The mass adoption of betting on everything has become so widespread that it’s threatening the thinly veiled gambling facilitated by platforms like robinhood and coinbase… so… they are just starting their own prediction markets as well… Within just the last, year no less than 12 major organisations including CME Group, Sports Illustrated and Trump Media’s Truth Social have launched or co-hosted their own predictions markets, so that no matter what platform you happen to be using, you can conveniently punt your rent money on whether aliens will be confirmed before GTA 6 is released. Like a lot of modern financial developments, it would almost be funny if it wasn’t going to have such devastating consequences on average people. But hopefully by now, you already knew all of this… what most people HAVEN’T noticed so far though, is the businesses that stand to make the most money out of all of this… and spoiler alert… it’s not the market facilitators themselves…

Here are 15 Things NOT TO DO If You Get Rich All of a Sudden

Nobody knows what the future of AI really looks like, but no matter which way it goes it does seem like we have put ourselves in a position where; if AI fails, the entire economy collapses with it and we all lose our jobs… but if AI succeeds, it will only be because… it has TAKEN all of our jobs… Whether we like it or not, our immediate economic future is riding on the success or failure of this technology. Just the top companies are on track to spend 400 BILLION dollars on data center buildouts this year ALONE and the entire stock market has clearly been buoyed by investor hype around what this technology could do at some… undetermined point in the future. Now that has done two things in the short term… Trillions of dollars worth of data centers may (or may not) turn out to be a spectacular waste of money, but (at least for now) they are providing tens of thousands of high paying jobs to engineers, tradesmen and technicians all across the country. The same goes for the stock market… these impressive gains may (or may not) be backed up sustainable fundamentals, but (at least for now) people who have seen their portfolios double in value over the last three years are feeling pretty good about treating themselves to a bit of conspicuous consumption, helping to keep the rest of the economy afloat. Now I know the problem of our entire economy being kept alive by unsustainable capital expenditure and questionable financial gains is not exactly shocking news to anybody any more… In fact if you are watching this video there is a good chance your entire subscription feed hasn’t shut up about the AI bubble all year… and in our defense, if this bubble pops it will probably take the rest of the already shaky economy down with it… This also makes the fact that people are treating it like a foregone conclusion all the more dangerous… But perhaps we have all been missing the more important question, which is… What does a good outcome actually look like at this point? Is there any way that we could still quietly back out of this unscathed?

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America is currently going through a bit of a car repossession boom.Delinquent auto debt over 60 days past due is at the highest level it ever has been (including during the Global Financial Crisis), More repossessions than ever have taken place within the last quarter, and even if you don’t personally have a car loan this could still become a systemic issue that impacts you because auto debt as a whole is higher than it ever has been before. This record debt has also combined with record levels of depreciation to result in massive negative equity for more borrowers making it harder than ever to back out of these deals, ESPECIALLY on certain classes of vehicle. Now that sounds pretty bad just on the surface… but it gets worse. Several reports have found that we have slowly made auto lending so complicated and fragmented that between leases, lending, “buy here pay here”, cross collateralized loans and every other type of way to finance a car, it’s become next to impossible to track down how much we really owe (and how much is actually been paid back). Even the regulators themselves have basically admitted that they don’t really know how bad the problem is and how much this could all hurt regular consumers. Now I know this all sounds like yet another symptom of peoples personal finances being squeezed… which is… by itself… not exactly that shocking anymore… HOWEVER, the current repossession boom is (for now at least) a specifically American problem. A problem that is saying a lot of bad things about the… “unique”… ways that we borrow, consume and go broke…