Why the American Dream is dying
A worthy revisit of the lessons Peter Grandich imparted in the most-watched Collapse Life video of 2024.
To close out this year, we wanted to share the Collapse Life video with the most YouTube views in 2024. If you’re new to Collapse Life you may have missed it, but even if you’ve seen it before, we think it’s worth another watch.
The former ‘Whiz Kid of Wall Street’ — Peter Grandich — has over 40 years of experience in and around the financial industry and in this hour-long chat, he lays out five factors that he says are leading to imminent and disastrous consequences.
Grandich is no stranger to success. His rise from humble beginnings to financial prosperity encapsulates the traditional promise of the American Dream: with hard work and determination, anything is possible. But as he shared on the podcast, his perspective has shifted drastically over the years.
The American Dream — once a beacon of hope for millions — is, according to Grandich, dying a slow and painful death. It’s not all doom and gloom, though. He also offers a healthy dose of practical advice for individuals looking to navigate these uncertain times so they might be able to emerge on the other side of all of these changes stronger and more prosperous than ever before.
If you like what you hear in this video, be sure to keep an eye out in the first week of January, when Grandich joins us again, this time to tell us what he anticipates is in store for 2025.
Until then, rest up and be smart! See you next year!
The American Dream isn't dead. We just have couple generations of our own who have been lied to as to what it is and how it works.
I am not sure which as had the worst effect. It could be the educational system that is more concerned about people feeling good about themselves more than giving them actual skills to feel good about or the marketing and financial systems that have lied and told them that they can borrow their way to wealth. Of course we also have the government lying and telling them that they will take care of them and give them whatever they want if only they keep them in power.
Of course we have a whole new batch of people scrambling to get here and take advantage of the actual opportunities and will be the next to live the American Dream.
2025 is going to be interesting. The re-election of the Donald, the ousting of The Justin, The collapse of labour in the UK and the rise of Farage. I don't think it will fix very much in the short term. The problems created took decades to bring us to this point, and will take even longer to reverse.
At least we may get a whiff of fresh air as the pendulum swings back?