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I wanted to share this powerful piece titled "The 5 Assets That Keep Americans Broke" by Thomas Sowell. It really made me reflect on the conventional wisdom we've all been fed from a young age about what constitutes "the good life" - go to school, get a job, buy a car, buy a house, and so on.
What struck me most is how these five "assets" share a common thread: they're all products designed and marketed by the banking system. We've been brilliantly conditioned as a society to believe these are the essential pillars of success - that without some or all of these, we're somehow falling behind or destined to fail.
But the cracks in this financial paradigm are starting to show. People are slowly beginning to wake up to the reality that these supposed stepping stones to prosperity can actually become anchors weighing us down.
This is why I'm grateful for Bitcoin, which will fundamentally reprices goods and services while helping us realign our values and principles as a society toward more sustainable wealth-building strategies.
Five Assets That Keep Americans Poor
When discussing what keeps ordinary Americans from escaping poverty, it is natural to focus on wages, unemployment, or government assistance programs. Yet strikingly often, poverty is perpetuated not merely by a lack of resources, but by the very assets people believe will lead them out of hardship.
An asset is typically defined as something of value owned by an individual - an education credential, savings, or even durable goods like cars and appliances. But if the acquisition of an asset entails debt, maintenance costs, or unrealistic expectations, it can become a trap rather than a pathway to prosperity.
In my decades of studying economic behavior, I've come to recognize five particular assets commonly lauded as building blocks of the American dream that more often serve as millstones around the neck of the working poor.