I must admit there are nights when I find myself staring at the ceiling, wondering what happened. Everything used to be so different.
Most of time, I just shrug this off as old age.
But thirty years beyond my youth, I sometimes suspect that all we have earned ourselves is a place on the rat wheel—and it’s spinning out of control.
If you doubt that, then you absolutely must watch this lecture given a couple of years ago by Elizabeth Warren.
Yes it is long… but it does explain the pressures faced by the shrinking Middle Class—-pressures that didn’t exist back in the 1970’s. You can ignore it if you like but you do so at your own peril.
Needless to say, this will be a vastly different country as the middle class recedes.
Besides, the fact is you may just recognize some of the people she’s talking about.
It’s an eye-opening look at what we’ve become by a very smart lady.
By the way, a few years later that insightful lecturer became the chair of the Congressional Oversight Panel created to oversee the bank bailout.
Not long ago she warned that “we have a real problem coming…” in regards to toxic assets.
To hear more from Elizabeth Warren click here
Elizabeth Warren Warns on Toxic Assets
Strategic Defaults: 588,000 Borrowers Say “Ciao Baby”
The Madness of Extending the Home Buyer Tax Credit
There Is No Free Market in America
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