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Coin Stories with Natalie Brunell
News Block: American Dream Fades, Black Friday Sale Gaslighting, U.S. Regulators vs Non-KYC Wallets, Could Binance Settlement Foreshadow ETF
Nov 28, 2023
10:32
Snipd AI
This podcast explores the fading American dream, gaslighting in Black Friday sales, regulatory pressures on non-KYC wallets, and the impact of a Binance settlement on Bitcoin ETF possibilities. It also discusses the election of Argentina's new president and the support expressed by the IMF managing director.
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Quick takeaways
- The American dream is fading due to factors such as the increase in the Fed's balance sheet and national debt, stagnant wages, and rising costs of essentials, making it harder for Americans to make ends meet.
- Despite claims of low prices, the rising cost of living is evident, as shown by the significant increases in groceries, home values, rent, electricity bills, used cars, car insurance, and childcare, while gaslighting from elected leaders denies the problem and cherry-picks data to paint a rosy picture.
Deep dives
The Decline of the American Dream
The American dream, which represents the idea that anyone can achieve financial independence and their goals through hard work, is fading. Factors such as the increase in the Fed's balance sheet and national debt, stagnant wages, and rising costs of essentials have created a cost of living crisis. However, elected leaders gaslight the public by denying the problem and cherry-picking data to paint a rosy picture. The reality is that groceries, home values, rent, electricity bills, used cars, car insurance, and childcare have all significantly increased, making it harder for Americans to make ends meet.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode