We are hovering on the brink of economic disaster. The unemployment numbers are skewed, and the likelihood of a quick economic recovery is slim given our dwindling labor participation rates. 10,000 people a week are turning 65 and pensions are getting squeezed. The promises to the Baby Boomers are going to be unmet due to a shrinking labor force. Tune in for a cold, hard look at the state of things and how we have diverged so far from what our founding fathers intended for this capitalist system we live under.

In this episode:

• What’s been happening in my world, a look ahead [:30]

• We’re not getting the facts on unemployment data [3:00]

• Examining real unemployment numbers and the actual labor force participation rate [7:30]

• Real unemployment rate is double the reported rate [13:00]

• Why things won’t recover with a low labor participation rate [15:00]

• The Fourth Turning [21:00]

• Social security was originally meant for a small amount of people and has not been adjusted for our current life expectancy [22:00]

• UK pensions are going to get lower rates [23:30]

• How inflation impacts us when governments overspend [27:00]

• What the forefathers didn’t anticipate [34:00]

• A rant on corruption [38:00]

• A note on Modern Monetary Theory [43:00]

• The road to totalitarianism [48:00]

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