Billionaire WARNS: "The Truth Will Terrify You"

About this video

A billionaire who predicted both the dot-com crash and the 2007 housing collapse says the current level of wealth inequality in the United States is now comparable to Brazil and Mexico, and history shows what always happens next. Jeremy Grantham, co-founder of GMO and one of the most respected institutional investors in the world, walks through the pattern that has repeated across every civilization that reaches this point. He starts with a simple observation: the average ambulance response time in the UK was 12 and a half minutes. It is now an hour and a half. He says this is exactly what you would expect as a society begins to unravel. It frays at the edges first. People can't buy houses. They don't feel they can do as well as their parents. They are disgruntled and want to vote against whoever is in power, regardless of political party. Discover: • Why the US wealth inequality ratio now matches Brazil and Mexico • The historical pattern showing extreme inequality only resets through war, revolution, or collapse • Why ambulance wait times are the early warning sign of societal decline • How the period from 1935 to 1975 was the last time everyone got richer together • Why Jeremy says SpaceX will fail to deliver on its promises • The physics that makes living on Mars functionally impossible • Why he owns zero cryptocurrency and believes Bitcoin will reach zero • His advice to a 33-year-old: get into AI, take risks, ignore the rules 📺 Watch the full episode here - https://youtu.be/32u5T6lO8qk ❤️ Subscribe to our main channel - www.youtube.com/TheDiaryOfACEO Get your hands on exclusive Diary of a CEO products: https://thediary.com/collections/all?utm_source=youtube&utm_medium=organic&utm_campaign=experiment&utm_term=clipschannel #thediaryofaceo #doac