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 and the fourth horseman of the economic apocalypse is demographics we've already talked about debts defaults and detachments now we're talking about demographics and this is so much more important than people realize a lot of the problems in japan's three lost decades has to do with a bad demographic setup there's not enough young people to pay for the old people the tax base is not great enough there isn't the right demographic mix and america is the fewest behind japan in that sense

but they are vulnerable to what is a demographic cliff everything mentioned in this video should be considered opinion only and not personalized investment advice when i'm talking about taking care of the people you care about i'm also talking about taking care of your elderly parents maybe you need to start planning that you're not even just paying for yourself maybe you've got to cover them as well especially with what's going to happen to a lot of pensions there's not going to be as much money

and even if you get the money the inflation rate means that you're getting less for the money so maybe it used to be that you would have got enough money from your pension to survive but that won't be able to afford you the lifestyle you were expecting because everything costs more and inflation is just getting started and warmed up but i am making a video coming up inflation is going to go up a lot higher and build on itself but people are looking at it the wrong way longer down the road and i really

want you to see that video coming up soon but we're not talking about that right now the brookings institute says all recent u.s population growth comes from people of color new census estimates show so overall america's growth rate is 0.5 percent but certain ethnic groups certain people of color those populations are growing faster than caucasians u.s population growth rates recently hit new lows and the slower pace in the 2010s to 2020 that 10-year period that slower pace is very much like the 1930s

what else happened in 1930s and if you haven't seen it one of the best videos i've ever made is the one about the similarities between the big crash and what we're dealing with right now is setting up all the same way exactly and i didn't even mention that the birth rate is looking the same way as well brookings talks about how it's based on the falling fertility rate how many babies each lady has people are having 1.7 babies now how do you have 0.7 of a baby yikes and they're also saying there's an

increase in deaths that's part of what's hurting the population growth because a lot of the deaths happening now part of which is based on the baby boom generation which expanded so huge it's like a python that swallows a goat that's the baby boom generation and they're getting older to an age where there's more deaths of that big portion of the population and they're saying also one of the factors is a lower immigration rate so overall america is growing at 0.5 percent a year

it seems like every single person is arguing for the benefits of population growth i'm saying why is it such a great thing why do you have to grow the population people say well you need people coming in to help do some of the menial jobs that only an immigrant would do i get all that but i think if you made a few slight adjustments to the way society runs you could get away with having a declining population and be just fine you'd pay for everything you wouldn't be stuck in rush hour traffic

you know what you should come to canada because between you and i there's nobody here i argue that population growth is not what people think it is i think that you don't need growth there's always about more more growth growth even with the lady i just hired to do a lot of social media for the peter leeds brand i was explaining to her in the interview process that it's not about more and more more and grow girl grow that's what everybody else is talking about i'm not about growing the channel i'm

about perfecting the channel and that's what i'm going to keep on doing that's why even if we got two dozen people watching these videos i'm still doing them professionally i'm still going to blow your mind by doing the best videos you've ever seen i'm going to keep improving them and perfecting them over time because that's something that i want to do and we'll get into the u.s population growth by state a couple of things i want to say in just a minute but i'll tell you a couple of points

here the u.s are the third most populated country behind china and india india soon by the way just a heads up you get this for free okay india is going to overtake china very soon and be a more populous country than all of china people say if the population isn't growing then you've got problem a b and c you can fix them so easily with a couple of adjustments but i guess a lot of people making decisions for you just aren't seeing it that clearly it's not even that complicated i'll tell you

the population growth rate in america before the great depression was really high and they came down because of the depression to only 7.3 and that was low at the time and then the war ended a while later and the baby boomers were born and that brought the population growth rate back up but now that population growth rate before the depression or during the depression 7.3 percent and declined and then now it's at 0.5 percent sorry the baby boom generation brought the population growth rate up to

18.5 percent in the 1950s and what does a baby boomer do now at this age they reduce their spending they downsize they might have two houses they sell one they might move to a condo you spend less as you get older so you've got the biggest portion of the population that's why demographics are so important not only do you have the biggest portion of our population suddenly starting to spend a lot less but also they even have to take money out they're mandated to take money out of the stock market for their

retirement savings they have to sell a certain portion of the shares that they own every year for tax reasons which then they can go and buy back those exact same shares with the money once it's been taken out and taxed but they don't all do that and so then you've got this weight on the stock market where baby boomers are starting to clear out the stocks that they own they'll sell the shares maybe they want to give the money to their grandkids now between 2010 and 2020 that decade u.s population

increased by how much over the 10-year period total it increased in that time by 7.3 percent so that equates to 22.7 million people and 10-year period were created you create people i guess you create them somebody does you know of that one-tenth of it was all in california which is the most populous state and they're just under 40 million people in 2020 and overall there's been a big shift of population going into the sun belt which goes from the southeast to the southwest and 62 percent of

people in the united states live in the sun belt but which states have gained the most population and which states have lost the most population take a guess okay who do you think gained the most in the 10-year period it was utah 18.4 percent in that decade drawn in by strong economic prospects net migration to the state migration into the state balanced out a decline in the birth rate but what else which state besides utah grew the most in 10 years from 2010 to 2020 texas 4 million more residents in the

last 10 years but if utah and texas are growing offsetting that which states are declining by the most and it's more than just these two i'm going to tell you about which are the ones that declined the most two states first of all west virginia and the population declined by 59 000 people and that's a lot to do with the aging of the population because 16 of people in west virginia are elderly but also another state and i misled you because it's not a state it's puerto rico it declined by a lot mainly due to a

couple of big hurricanes in one year everyone said screw this and they just got out of there good for them so what is this all leading to you understand i'm not here to tell you what's going to happen i'm here for you to learn to know for yourself to tell yourself what's going to happen it's only when you really recognize it for yourself rather than watching a youtube video and just taking in the information to me like i know what he's saying act on it figure out what you got to do and this is what

this is all about that's what this channel is about i don't need to do this it took me an hour to climb up a flight of stairs to do this awesome vantage point you're welcome i love it but i'm doing this so that you guys take responsibility know how to take responsibility know what to do and every video i do is about that a further extension of that i tell you what i believe you need to know to put all the pieces together so that you land on your feet help the people you care about help

yourself enrich yourself build your wealth keep your purchasing power so add up these four economic horsemen you've got debts defaults detachments demographics what does it all lead to yeah it begins with d i'll get into in a second not that you guys you're crazy you've got now all these disparities between the haves and the have-nots they will get worse they'll get bigger that's why you see one guy two people in an elevator going up to the floor of where their office is

and the guy standing beside you in the elevator makes 10 times what you do even though your job isn't that different because what is every job you're really just spending your time and combining it with your capabilities that's what a job is that's it difference between jeff bezos and some guy digging a ditch they're both spending time which is your most valuable asset so the only difference in that case is the capability the path they took which might have to do with intelligence so

maybe one guy can do it one guy can't but that's not the point the point is that especially up thinking my new book i'm talking about this working smart not hard plenty of people work really hard and they don't really have that great of a life working hard isn't related to success in life and if you work soft so to speak not so hard but still have the same result kind of like i say in the book being the lead singer you get better results than if you were the drummer in terms of you're spending the time

you're doing something very similar you're both of the same shows but the lead singer usually gets more media interviews maybe you get the better looking lady you get more attention from the fans and you see the disparities that you kind of get screwed because there's nothing that you did to set this up there's nothing you do about it but you know stories you've seen in the media yourself where the boss gets a 40 million dollar bonus even though it shares the stock that they oversaw the time decline in value

during their tenure so they're basically just clunking around and they're losing money for the shareholders and then the company gives them millions of dollars that is absolutely ridiculous in my view but even more so the one close to my heart i always say you've got a drive-by indicator right out your window drive to work and look at the window look under the bridge that's an indicator of homelessness it shows you what your economy is like the mark of a nation's power is how they

treat the weakest among us you look underneath any bridge and there's just more and more homeless people by the day that is a reflection of how this economy is going and everyone's saying it's a recovery of strength the economy is coming back so strongly yeah and of course it's all about income inequality that's not necessarily why people are homeless but there's a portion of the homeless population that is not drug addicted that is not insane that are living on the streets because of the economy's

going the wrong way and that will increase that will only increase you saw in 2008 2007 there's a global financial crisis and what happened one of the first things everybody's living in their vans and it was temporary the next time that happens during this great depression it's not going to be temporary well everything's temporary but it won't be temporary enough i'll say but also there's a disparity in opportunities there's an opportunity disparity you might have worked a manufacturing

job with 10 of your best buddies and you're all making good money to build something that's valuable that other people want to pay money for to get and so the company does well and now that same company is being run by one it guy and 12 robots and that's better for the company they make way higher profit margins but you and all your buddies lost your high paying job and that opportunity is not available to you anymore so don't worry about china stealing the jobs we are stealing jobs from ourselves

and the thing is this is the real part that should burn a bit is that that is what's best for the that is what's best for the company itself you want to continually increase your profit margins and drive down your costs and your expenses as a business owner that's what you want to do so unfortunately the result of that is that there's good hard-working people that had a great paying job and did their part for the economy paid their taxes that then they don't have that opportunity to

do that anymore and you guys know too well that there's a ton of inequality between genders a woman makes 82 cents for every dollar a man makes right now which is a lot better than it used to be we're going in the right direction but the point of all this the four economic horsemen debts disparities defaults and the demographic cliff it's all telling you one story and i'm not here to feed it to you i'm not here to tell you oh thanks for watching my video here's what's gonna happen

it's so important you don't understand it's so important that you say okay he told me some facts i'm going to absorb that and now i have an opinion that i'm going to decide for myself what i think is going to happen and for people who are just too lazy to just do what i'm asking you please the end result is a greater depression we've had a depression before this one will be here it will be bigger and it's not going to be avoidable for several reasons the way the political system

is set up the decisions the federal reserve is making the way society is going the way companies decide how to squeeze out profits how to move workforces the way that most families don't have enough money if there's an emergency 500 bucks to scrape together if there's an emergency there is more sales of shares of companies among businesses which are not profitable than those which are profitable when companies that are losing money are raising more money than the businesses which are actually

making money that's happened twice once before the dot-com bubble burst and once before the global financial crisis