Gary's Economics: "The Iran Economic Shock: How to Protect Yourself"

[jmbar2]

Last edited Sun Apr 5, 2026, 01:45 PM - Edit history (1)

Gary's Economics is one of the most informative YouTube channels to follow on how to understand and reverse inequality.

His main message: Tax wealth, not work.
-Governments should use the money to reinvest in public assets, break up the monopolization of resources by oligarchs.
-Raise awareness of the dynamics of wealth consolidation, and make the necessary political changes to dismantle wealth inequality

In this video
- War is predictable if we understand late-stage wealth consolidation
- Wealthy people invest in assets - oil, housing, land, commodities to get rich.
- In the past, middle classes were able to accumulate some wealth through decent-paying jobs and home ownership.
- Working classes were somewhat protected from wealthy monopolization of public resources by government ownership of public housing, energy, land, forests, surplus commodities distributed to the poor.
- Wealthy classes are now going after those "protected" resources, and squeezing out middle classes from home ownership, well-paid jobs, food stamps, health benefits.
-When all the easy wealth is taken, they have wars to steal resources from other nations, and then make money on rebuilding.

Other excellent shorts, videos

In this video
-The Rich squeeze assets from society until it becomes poverty-strickened, like slums in India or South Africa.
-The poor have already been squeezed out. Now they're squeezing out the middle class and government assets that help the people.

Squeeze out occurs in five stages:
1. Rich accumulate assets, driving asset prices up, outcompete working classes for resources and drive them into debt.
2. Working classes run out of resources, cannot borrow, cannot spend resulting in economic crises.
3. Government tries to help, runs out of resources, becomes massively indebted to the rich
4. Government can no longer afford to help, guts programs that help working and middles classes. The entire economy becomes dedicated to serving the rich. Everyone else is in poverty.
5. Once all the wealth is squeezed out of the people and government, the wealthy start going after the resources of other wealthy via wars, fought by the disposable poor.

Your grandparents lived in a world of desperate poverty, formed governments to improve the living standards of the people. The wealthy are destroying what they built. We must stop that destruction.
Tax wealth, not work.

[multigraincracker]

1. I'm pretty middle class.

Retired factory, hourly worker and collecting SS. I worke 30 years because when I higher in, the union had got us 30 and out. I bought into and only knew a very few others that did.
I hired in at 22 and retired at 52 and that was that was 24 years ago. I had to really work for that goal. I couldn’t afford a lot of bills, so I paid off everything. Made my last car payment in 1982. Have paid cash for car and I’m in my 3rd home I’ve paid cash for.
I’ve recently reached my goal of not paying any interest, only collecting it.
I’m pretty thrifty. Buy all of my cloths at resale shops and yard sales. Shop 3 food stores because each one is cheapest on something I eat.
But that’s just me and my hobby.

[jmbar2]

3. You've earned a well-deserved retirement.

I love Gary's videos, and post them here as an archive for discussion boards where younger folks are in despair over today's economic conditions.

Every time we get into a new election cycle, the number of boomer bashing posts skyrocket on Reddit, trying to blame "boomers" for the terrible jobs market, inability to afford homes, etc. Once the thread starts, it gets amplified with responses and reposts. They don't get to hear many stories, such as yours, about how boomers got to their current positions in life.

Some of it may be genuine, but I think a lot of these threads are disinformation ops trying to drive wedges between age cohorts to weaken democratic unity. I use this archive to engage in those discussions dispelling the lies, and promoting the need for multigenerational, multicultural alliances to rebuild government for the people.

The kids are really hurting, and need this info. They won't see it unless I am responding to their antiboomer diatribes. Takin' it for the team....

[multigraincracker]

5. My wife told my step grand daughter

that I just bought a new car. She asked how much the payments are. She told her I wrote one ckeck for it. She is 16 and said that was the first time she had ever heard of that and asked how can he do that.

[jmbar2]

6. I really feel for the kids today

There's no way in hell someone making $18/hr can afford today's car payments. They are truly being squeezed out of even the basic means to make a living - housing, cars, etc.

Hope you can pass one of your older but still good cars down to the kids who need the help.

[multigraincracker]

8. They end up paying almost double.

They keep a balance on the card and end up paying way more, because they want it now.

[bucolic_frolic]

2. In regards to the first video, in a crisis

we protect the system and therefore the wealthy, and the lower classes can catch what they can. So it's socialism for the rich at high price tags and survival-of-the-fittest capitalist Darwinism for the masses. He's right on the money at a pace ordinary folks can understand.

[jmbar2]

4. Agree - he is a great explainer of dynamics of wealth inequality

His message needs to be brought to as many people as possible.

[multigraincracker]

7. Adam Smith wrote Wealth of Nation at the end

at the end of the18th century. He is called the Father on Modern Capitalism. He explained how the free Market equalized the economy.
He did say that markets must be regulated to prevent monopolies. His book was a big influence on the writers of the Constitution. Then the NeoCons threw out that part out and we are living with those results. They are claiming the current situation is the real Capitalism, it’s not. Thank the Chicago School of Economics for it.

[jmbar2]

9. Thanks for the insights...

I did not know that Adam Smith had influenced the Constitution. Not surprising really, just never connected the two. Now you've got me off on another learning journey.

[multigraincracker]

10. I love to look for the history behind what's going on.

Another good thing to research is our history with Iran back to the early 1950s.
Back then they had a great fair government with a popular Prime Minister. Then along came Big Oil, BP and Standard Oil. They thru out that government and installed a Repressive Shah and split the oil up between him and the oil companies. No wonder they don’t like us and we have been brainwashed into thinking they are terrible.
I learned early about what really happened in the Gulf of Tonkin and the real reason behind the war in Viet Nam. Some of the bigger players of that lived in my town. I became a big anti-war protester.
Lots of twisted history explains our horrible world today.