The SatsMate Stack

Hey Satsmate Stackers, 

I hope you have all been having a great start to your summer! It is crazy right now to see all these names in tech go up 20, 50-80% in just a matter of days. We are what I believe to be approaching peak euphoria in much of the stock market, and I'm sure many of us in Bitcoin are asking the same question: Why has Bitcoin stalled, or traded sideways during this period? It can be very difficult to see everyone getting massively rich off their trades, but I think there is a reason behind all of this. In this podcast, I discuss my current sentiment on Bitcoin and some of the reasons for neck-snapping returns in the stock market. Specifically, I go over the following: 

• No, I don’t think Bitcoin is cooked, but there is a huge divergence in the stock market and what Bitcoin has done
• Why is Bitcoin this weak right now compared to the stock market?
• Many people who bought the ETF didn’t really know what it was, and it is the first risk-off thing they will get rid of
• Lack of conviction amongst many new people entering the space
• The stock market is getting carried by the top 10% of AI and tech stocks, but bitcoin isn’t an AI play
• The community (as mentioned previously) is near all-time lows; people’s conviction isn’t there
  • A lot of infighting in the community (some examples)
• Paper exposure is likely at an all-time high
• I believe we are in a bear market in terms of the bitcoin cycle, so that is contributing to this as well
• Many of the top 10% of society are pumping up the stock market, and something has got to snap soon
• Unsustainable p/e levels, a lot is similar to right before the 1929 crash or the 2007 market crash
• People could be losing faith in it, and price suppression could be occurring with hedge funds, and others
• I’m still very bullish right now, given macro uncertainty, future money printing, and the need for a global neutral money to settle trade in
• I don’t think the dollar or the yuan will be used to settle trade in the future; we will need a global neutral money to do that
• Directionally, I think it is good that it isn’t correlated as much, not ideal for holders like me - but still something that isn’t awful
• Stocks further have a lot of flows from pensions, indexes, passive investors, and bitcoin doesn’t have this reach as much

If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.

Best Regards, 

SatsMate Stack

Referral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG 

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L

https://zbd.gg/GalmaDuFria This is my personal QR code. It allows anyone to send me Bitcoin and messages directly to my ZEBEDEE. lnurl1dp68gurn8ghj7ctsdyh85etzv4jx2efwd9hj7a3s9aex2ut4v4ehgttnw3shg6tr943ksctjvajhxtmpxuurjcmxxvuz6wf58q6z6drpv5uj6c3jvy6z6epexe3ryd3kxe3kvcnr7y2uzj

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing.

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Hey Satsmate Stackers, 

I hope you are doing well! It can be seen that gas is remaining elevated, the bond market is uncertain, and the Strait of Hormuz remains closed. This is causing consumers to feel increasingly squeezed, and the numbers show it. The Michigan Consumer Sentiment Index has hit all-time lows over the past couple of months, a strong indicator that people are not doing well. In this podcast, I go over the following: 

• The Michigan consumer sentiment came in the other day, and we now see an all-time low of 47.9
• This is literally the lowest reading ever recorded
• Some perspective is Black Monday crash we saw it in the 60s, .com crash 70s-90s, great financial crisis 55-60, and generally in a healthy economy, you see it in the 90s to 100s
• With the latest reading being low, something is very wrong, but what is driving this? 
• It is no surprise that the war in Iran and the blockage of the Strait of Hormuz are causing elevated gas prices
  • But further, when gas goes up, so does everything it touches. All supply chains or anybody who uses freight. Grocery prices, parts, pretty much everything go up
• Automation & AI is making it so that what used to take 3-5 people to do things, now only takes 1 person overseeing AI
  • Weakness in the labor market due to war & uncertainty
  • Weakness in the labor market due to AI/Automation
  • Further, wages haven’t been keeping pace with the general increase in goods and services
• Most consumers don’t have access to the stock market, and while the stock market is hitting all-time highs, many people on the lower end of the K don’t feel like they are getting wealthier
• It is key to get exposure to assets, especially as inflation goes up
• I think the FED has done a god-awful job ensuring that inflation stays below 2%
• You can make the case they have done an okay job keeping unemployment low, but is having to work 2-3 jobs really a sign of health in the economy? 
• Many people aren’t working these extra jobs to hustle; they are working them because they have to make ends meet
• People are sick of paying over $100 at the pump, and $4.00 for a potato at the grocery store
• People are sick of being forced back to the office, to do something they were doing remotely just fine
• People are sick of paying an arm and a leg for daycare, when their work salary barely covers it
• People are overpaying for things that don’t make sense and aren’t of value anymore. So much in our society is a complete rip-off 
• Discussion of what my coworker said the other day about how he's making more than ever
• Everyone is making more, but we all can see through the illusion
• The silver lining is that we are cooking at home more, we are becoming more crafty, more measured with our approach to things, and seeking true intrinsic value in things

If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.

Best Regards, 

SatsMate Stack

Referral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG 

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L

https://zbd.gg/GalmaDuFria This is my personal QR code. It allows anyone to send me Bitcoin and messages directly to my ZEBEDEE. lnurl1dp68gurn8ghj7ctsdyh85etzv4jx2efwd9hj7a3s9aex2ut4v4ehgttnw3shg6tr943ksctjvajhxtmpxuurjcmxxvuz6wf58q6z6drpv5uj6c3jvy6z6epexe3ryd3kxe3kvcnr7y2uzj

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing.

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Hi Satsmate Stackers, 

In today's day, it is much more common than not to have a dual-income household. Homes are priced this way, and education and even jobs often don't pay enough to support a household anymore. In this podcast, I will go over my thoughts on the dual-income household and how it can benefit the family (or potentially cause headwinds). Specifically, I will go over the following: 

• I grew up with my dad working, and my mom raising my sisters and me at home
• Then and especially now, that is extremely difficult and rare to see - due to the cost of everything where it's at
• The John Wayne days of society are almost closed, with just a few situations, I see it working out
• From my view, I think the man should try to go out and make as much $ as possible
  • The women should try something part-time & remote - enough to contribute a bit
• An entire family riding on one income nowadays is extremely risky, and it could hurt in the long run
• I don’t like how this society is constructed to begin with - I think we should have the option for one income, but the way things are, that's not tenable as much anymore
• Overview of my situation
• Overview of other family situations
• The approach I am going to take 
• Mistakes I have seen (HELOC, Refinancing, not having multiple income sources, buying useless shit, taking on debt, not being tax advantaged). 
• We need to be more adaptive with our approach to retirement, how we earn, and investments we make - or we may be in a situation that ends up hurting us significantly down the road

If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.

Best Regards, 

SatsMate Stack

Referral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG 

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L

https://zbd.gg/GalmaDuFria This is my personal QR code. It allows anyone to send me Bitcoin and messages directly to my ZEBEDEE. lnurl1dp68gurn8ghj7ctsdyh85etzv4jx2efwd9hj7a3s9aex2ut4v4ehgttnw3shg6tr943ksctjvajhxtmpxuurjcmxxvuz6wf58q6z6drpv5uj6c3jvy6z6epexe3ryd3kxe3kvcnr7y2uzj

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing.

Send us Fan Mail

Support the show

Youtube: SatsMate
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Hey Satsmate Stackers, 

I have been going to Bitcoin conferences for several years now, and at this most recent conference in Vegas, I decided not to go even though I had tickets in hand. My conviction towards Bitcoin is still near all-time highs, but from a cultural standpoint, I think BTC is at all-time lows. I personally didn't want to surround myself with people who are focused on hype, treasury companies, and grifters. Specifically, in this podcast, I go over the specific topics: 

• They’ve gotten old and repetitive
  • Speakers are saying the same things over and over, fewer new ideas & more shills
• I think David Bailey did really bad things to personally enrich himself, and I don’t want to support that
• The conference is taking more of a corporate suit angle than ever before, that isn’t what btc is about
• I do like the people of Bitcoin, but I have seen different conferences around the world, and I like some of those more
• Vegas is a shitcoin casino, and a meal for two easily costs $120 
• I feel like I am getting ripped off at every turn (stories)
• Many of my favorite speakers are no longer there, and people I look up to are no longer going
• The air is different; it is much more treasury-focused, and much less focused on the core ethos of Bitcoin
• It drifted heavily once Strategy entered the mix, but concurrently, when the ETFs were approved
• This isn’t to say I won’t attend again, but when I do have the time off, I will prefer going to El Salvador or to Europe instead
• We mustn’t blindly follow people in this space, so many grifters and people with not great intentions are going to these things

If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.

Best Regards, 

SatsMate Stack

Referral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG 

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L

https://zbd.gg/GalmaDuFria This is my personal QR code. It allows anyone to send me Bitcoin and messages directly to my ZEBEDEE. lnurl1dp68gurn8ghj7ctsdyh85etzv4jx2efwd9hj7a3s9aex2ut4v4ehgttnw3shg6tr943ksctjvajhxtmpxuurjcmxxvuz6wf58q6z6drpv5uj6c3jvy6z6epexe3ryd3kxe3kvcnr7y2uzj

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing.

Send us Fan Mail

Support the show

Youtube: SatsMate
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website: https://satsmate.wordpress.com/

Hey Satsmate Stackers, 

Spirit Airlines just declared it will be winding down operations as of 3 AM last night. While the airline wasn't the most efficient, it did provide the market with something it needed - low-cost fares and many routes across the country. With the failure of this airline, there will be many downstream consequences that will impact you and me. Unfortunately, all of this wouldn't have happened if it weren't for the poor decisions made by government bureaucrats such as the Biden admin and Elizabeth Pocahontas Warren. Specifically, in this podcast, I go over the following: 

• My experience flying Spirit, the cheapest airline - where you get nickel and dimed for everything
• I had to fly it a handful of times when I didn’t have a lot to my name
• Things weren’t run the best, my story in Miami
• Bad companies that operate poorly do need to fail
• Elizabeth Warren, a corrupt socialist politician, stopped a deal from going through a few years ago
• JetBlue offered to buy for $3.8B, and everyone voted yes, Biden’s DOJ sued from Pocahontas influence
• 14,000 jobs gone (pilots, flight attendants), don’t even get started on the vendors…
• A lot can be blamed on the increased prices of fuel
• Now I am not for the government bailouts; we need to let poorly run companies fail
• What I am against is the government's intervention in 2022 of a free market activity that would have occurred
• JetBlue had the cash, could have expanded its fleet & competed against the big 4
• Now we have a further consolidation into an oligopoly
• Where will all the current spirit customers go now? 
• Fewer routes, fewer competition, the incumbents are very excited for what is happening here - and it will cost all of us more
• We genuinely need more options, more routes, and less intervention, because any further intervention will be bad for consumers and employees
• Hope everyone lands something new at these carriers

If you like this, feel free to share it, leave a like or comment. Also, check out the links in the description that help support my channel and podcast.

Best Regards, 

SatsMate Stack

Referral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG 

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class.

Send us Fan Mail

Support the show

Youtube: SatsMate
X: SatsMate
Instagram: SatsMates
website: https://satsmate.wordpress.com/

Hey Satsmate Stackers, 

I hope you are all doing well! AI is moving at lightspeed currently, and Claude CoWork is able to perform countless tasks autonomously that individuals used to perform. The future is moving very fast, and it is key that we learn about these developments as they come, and lean into the change - or we risk losing our livelihoods. In this podcast, I go over what AI can do and the job displacement risks: 

• We have heard so much about AI over the past couple of years, and often it has felt like a glorified search engine
• Each iteration has made a decent leap forward, some like GPT 5, have felt like a step back
• CoWork seems to be taking a massive step forward on many important tools we use all the time (like Excel, desktop organization, file management, and running activities while you aren’t there)
  • It can take care of a lot of the boring tasks that we don’t like to do, like taxes
  • Further, it can help with complicated expense reports, and one can shoot them pretty easily
  • Email and inbox management is something it can do as well, saving dozens of hours of our time
  • Report generation is also something it can do, and this is another white-collar activity that may be replaced in the future
  • Remote controlling your browser
• What's crazy about this AI is that it can perform many actions on its own, without you there overnight
• It is essentially working 24/7, and in the future, I can see this happening even more 
• Leadership will ask themselves at these companies, can AI do this activity, or do we need to hire a headcount for it? 
• Watch the Excel Claude plugin, for example - you don’t need to know any Excel formulas anymore
  • You can just type in natural language what you want to see, and the AI will perform all the technical stuff on the back-end
• Think about this for any job on the computer, any specific software skill can be done by an AI now 
• The future jobs will need a lot of human touchpoints
• Many hands-on fields in the medical industry will remain insulated (nursing, caregiving, or PT/Therapy)
• Teachers and leadership-related positions may be safe (albeit reduced to a certain extent)
• Many lawyer positions, accounting, and software engineering - positions that have a lot of repeatable computer-related tasks are at risk
• Now it is important to lean into skills that AI can’t replace, and build things now while the monopoly board is still somewhat open
• Disruption is coming fast with what AI can do, if you don’t believe me - watch the AI Claude CoWork videos for yourself

If you like this, feel free to share it, leave a like or comment. Also, check out the links in the description that help support my channel and podcast.

Best Regards, 

SatsMate Stack

Referral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG 

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing.

Send us Fan Mail

Support the show

Youtube: SatsMate
X: SatsMate
Instagram: SatsMates
website: https://satsmate.wordpress.com/

Hey Satsmate Stackers, 

It is crazy to see how much gold and silver have been taken off over the past couple of months! Today, I discuss why Bitcoin has been trading sideways over the past couple of months - & my thoughts on why Gold & Silver have been taking off. You don't have to look far to see many moving to risk-off assets to protect themselves. In today's podcast, I discuss the following: 

• You don’t need to look far to see that Bitcoin hasn’t been trading well over the past couple of months
• Bitcoin tends to be the first to react when it comes to liquidity entering the system, and usually it moves in degrees of magnitude
• We have seen Silver & Gold be spectacular trades with Gold Flirting with $5000 an Ounce & Silver surpassing $103 an ounce
• Bitcoin for the past 12 months is actually down 16%
• Biggest reasons
  • BRICS and foreign nations are starting to move towards neutral reserve money away from Treasuries
  • Weaponizing the USD was one of the biggest missteps we have taken. People move to what they perceive as a better haven than treasuries
  • Bitcoin has ALWAYS traded risk on. There have been a few cases where it wasn’t correlated, but it has always traded in line with risky tech stocks
  • Trump's backing of bitcoin-related activities is lackluster. He has followed through with some promises, but generally, it has been underwhelming
  • A lot of fear and uncertainty in the market, many are rotating to the safe trades away from risk (don’t forget bitcoin still has run significantly since Trump won from the $60s
• Gold & Silver taking off can be looked at independently of Bitcoin not doing well
• Erosion of trust with the U.S. system is at all time highs right now
• Fear and uncertainty push people towards commodities
• Old school investors, and global demand for Bitcoin still isn’t there
• My view is patience & long term time horizon
• Have a 3-4 year time horizon, don’t panic buy gold & silver just cause…
• Don’t sell your bitcoin just cause
• Remember why you are in these trades to begin with

If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.

Best Regards, 

SatsMate Stack

Referral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG 

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing. 

Send us Fan Mail

Support the show

Youtube: SatsMate
X: SatsMate
Instagram: SatsMates
website: https://satsmate.wordpress.com/

Hey Satsmate Stackers, 

Over the past several decades, we have been witnessing more and more Americans become food-insecure and food-starved in this country. It all comes down to production, supply, and demand issues, corporate greed, and the corruption in our food supply. 

Things in this country are more abundant than ever for those who have great means, but are more scarce than ever for those living paycheck to paycheck/ those in a lower class. I think this is something we can fix as a country, and in this podcast today, I will talk about the numerous ways in which our food has been declining in quality: 

• Went to Frys the other day, your layman's grocery store
• Discussion of the steak that was bought (standard sirloin strips) 
• The meat was fake, filled, tasted like it was pumped with water, and very fatty
• Still, it cost us over $15 for almost a pound
• Living in Shrinkflation - Getting Less for the Same Money (9.75 - 7.75) 
• Inflation - Price hike on the respective goods
• Skimpflation - using lower quality ingredients and giving the appearance that all is the same
• Quality Degradation - I.e. more air in your Cheetos bag, or thinner bread slices
• Concentrationflation - Requiring use of more of something (i.e.soap)
• Package Redesign - Taller and skinnier products, but they can’t fit as much in them
• Drip Pricing - I.e. paying for your bags when you are at Sprouts, etc.
• All these things converge to make our food worse, make our dollar stretch less, and lastly enrich shareholder value further
• All these methods above are meant to enrich shareholder value, leaving you with much less
• We do it with everything to feed our kids, Sodexho, and a very young age, which is corporate slop
• As we get older, we do it ourselves with Sysco… Most restaurants end up using the same wholesaler; they just have a slightly different spin on it
• The food supply is completely controlled, and we just play along
• You can look at the slop bowl trend
• You can look at the fast food trend
• You can look at all the stuff going on with Trader Joe's, Listeria, Salmonella, and more
• Boars Head, or Campbells
• Food deserts are everywhere. We have the most food in the world here, but most of it is junk that keeps us sick, and still 
• Refocusing ourselves on what matters more, and that is buying farm-to-table, going to farmers' markets, supporting local, and opting out of big food altogether
• The nastiest steak I have ever eaten will become a thing of the past if we stick by this.

If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.

Best Regards, 

SatsMate Stack

Referral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG 

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing. With investing, you risk losing money, always read an invest

Send us Fan Mail

Support the show

Youtube: SatsMate
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website: https://satsmate.wordpress.com/

Hey SatsMate Stackers, 

We have seen sales slow significantly across many industries across the country. Whether that is the automobile, tech, or housing industry, all have faced slowdowns before. In this podcast, I explore simple avenues that many companies can take that will stop or reduce the slowdown in sales. Specifically, I cover the following topics: 

• Going on apartment tours in North Scottsdale recently, and certain units have been on the market over 144 days
  • Incentives, incentives, and more incentives…
  • Why not just drop the prices? 
• 3 Months Free, Buyer Rebates, and free gift cards, or sports tickets
  • Why not just drop the prices? 
• Switch 2 inventory not selling, just drop the prices…. 
• Ultimately, often times if things are not selling people should just drop the prices
• This hold out we are seeing in the housing market is because sellers are not willing to drop prices, and buyers are not willing to buy… Who will break first? 
• In a true and free open market, if you drop prices, people will come…
• Look at Vegas! 
  • All the resort fees, parking fees, x, y z fees
  • People aren’t going anymore, how can you get people into vegas with all these fees? 
  • Get rid of them! Corporate greed has gone to an extreme here - and to get people back to the plate you gotta drop em
• Cars, clothes, and alcohol
• Car market stalling, clothing stalling, and alcohol sales stalling
  • Introduce Out the Door Pricing
  • Give reasonable margins on clothes from the third world
  • Introduce $3 beers again
• Why do we keep hiking and hiking? I understand inflation - but people are at the point of not buying unless they see a deal
• Drop your prices long term, keep them low - look at Arizona Iced Tea… Customers will support them through the end given the have held out on the inflation mess we have seen

If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.

Best Regards, 

SatsMate Stack

Referral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG 

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing. With investing, you risk losing money, always read an invest

Send us Fan Mail

Support the show

Youtube: SatsMate
X: SatsMate
Instagram: SatsMates
website: https://satsmate.wordpress.com/

Hi Satsmate Stackers, 

Over the past couple of decades, we have seen extreme wealth and homelessness explode. Levels of inequality haven't been this high since the Gilded Age, or since feudal Europe. This great divide is exacerbated by the Federal Reserve's money printer, and corrupt political class, and the concentration of capital with corporations. In this podcast, I go over details of homelessness, the wealthy, and further issues driving the wedge into this divide: 

• Homelessness has increased significantly over the past couple of years (2020 stated around 580K and 2024 771K) - Likely significantly more
• Average net worth of the 1% in 2020 was $32.1M and today it is $39.1M
• The middle class has been shrinking significantly, and this number is expected to increase if nothing changes
• Current admin (and even under the previous), a lot of homeless people were displaced and discriminated against… Where do they go? 
• My stories with homelessness, money, food, water, and more
  • Hand up, not hand out
  • Nashville, Chicago & Phoenix stories
• To be fair, we are in an extreme case of corporatism & crony capitalism - which is exacerbating the wealth divide in the United States. 
• Wealth inequality levels are at their highest since the Gilded Age in the 1920s
• Affordable homes are not being built, and it is causing a further divide in our country
• Builders don’t want to build affordable homes, because the margins aren’t as high
• Further, Blackstone, private equity companies, and the lack of new buildings are further causing this divide
• Entry-level jobs are starting to be replaced, due to automation, AI, and further and importantly, outsourcing to other countries with cheaper labor
• We need more affordable housing, fewer regulations on building housing, and to de-monetize housing as an asset
• This is what bitcoin is aiming to do: demonetize housing, because the money is broken - housing is being treated as money
• To solve this, we can’t just give handouts; we need free market solutions - and that would be flooding the market with more housing 
• You can’t necessarily blame the rich; they are trying to protect their assets… 

If you like this, feel free to share it, leave a like, or comment. Also, check out the links in the description that help support my channel and podcast.

Best Regards, 

SatsMate Stack

Referral to Stacker News: Circular economy with bitcoin discussions involved!  https://stacker.news/r/SatsMate

Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG 

Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L

Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing. With investing, you risk losing money, always read an invest

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