@henryfudgeofficial: The OECD spent two days in Paris asking why nobody trusts their government. Outside, Paris was on fire chanting exactly what they want. This isn't a trust crisis. It's a trap. Governments are handcuffed twice. 1. The economy runs on asset prices. About half of US consumption growth last year came from rising wealth, not wages. So the state can't let house prices fall. It bails out banks, buys bonds and guarantees mortgages. Not people 2. Government debt only works if interest rates stay low. The US now spends more on interest than on its military. The UK pays £111bn a year. In France, interest is the biggest line in the state budget. Raise rates and you get austerity and cuts. Hold them down and house prices lock out a generation. Either way, people riot. That's why the same cost of living anger is showing up in the US, UK, France, Italy and Spain, and why populism is rising on the left and the right at the same time. "Drain the swamp" worked because the swamp looked like it was defending a system that leaves you behind. The one exception? Switzerland, the most trusted government in the OECD, where most people rent and rents are tied to interest rates. The fix isn't a mystery: build homes, tax land, let wages catch up with house prices. But no government elected by homeowners will vote for it. Full breakdown on YouTube. Sources: OECD Trust Survey 2026, OECD Global Debt Report 2026, CBO, OBR, ONS, Banque de France. #costofliving #housingcrisis #economics #rentierblackhole #politics

Zhou Si Chew :

Have you ever looked at exploring the rentier black hole from the lens of Singapore?

alenovskiy :

rentier black hole mentioned

Feureau :

an issue so critical he had to sit down to talk about it 😱

τιρμπουσόν :

You are making the assumption that if the economy directs its earnings towards machinery and production, you will indeed have higher wages. Very little historical evidence on that.

Stickey-Hickey :

I don't always fully understand what you're saying but you've taught me so much. And I appreciate your take on things. you're highly intelligent and very well spoken. Thanks for these videos you do. I can't speak for all but from myself it is very much appreciated 👍

Daniel Manne, Esq. :

After the recent inflation numbers, do you think the Fed will raise rates in December? If so, will that precipitate the end of the AI boom?

sambarrett2020 :

Really good post. People complain about the government constantly, but the government is just a meat shield for the oligarchy.

Bree :

When you widen that gap between the have and the have nots. The have nots get more and more desperate

I’m a kangaroo 🇦🇺 :

Fantastic summary 👏🏻👏🏻, you just need to add Australia as we are currently in the same basket 😔

Vic :

Btw this is a really great and insightful video, but I worry that a lot of people won’t watch it because of the length, but the longer runtime really does the explanation justice 🙃

liongeorge69 :

Well done Henry, this post very nicely sums up a lot of what you have been talking about for months. Spot on. But can anything be done by our governments to get out of the trap they have made for themselves? perhaps serious property tax or something on inheritance to break the claw back the unearned wealth built up in property perhaps?

TacticalATKGoose :

to be fair, there is also a growing problem with skyrocketing rent-to-wage ratios and an increase in massive holding firms buying up housing to be able to control the rent more to their liking here in switzerland. Its not the same problem that most other countries face, but it doesn't mean that switzerland can just stand idly by, or we will end up in a similar situation in a few decades at the latest

LegitimateBiz :

Shoulda left the stitches on.

Unc Tee :

Masterclass.

Christian Young :

I’ve always enjoyed these videos, but your explanation for the name “black hole” really hits hard. Great work

user2633740932859 :

Depressing.

Daz :

🇮🇪 Rentier diagnosis, prognosis and solution please!!!

Bree :

Great video by the way - heavy information delivered well - worth way more than that $15 payment!

lele :

Is there a negative feedback mechanism we could set nationally to stop the positive fedback loop of a rentier black hole? Like we have the fed/central bank interest rates, which is the only such mechanism i can think of. Could we set rental caps according to property avg price (lower rental cap for cheaper rents as house buy price increases?). I understand the majority being homeowners would never vote for this but yeah.

keybo362 :

Fer Cortes 📷 :

I don’t think it’s that simple. House prices went through the roof in Spain in the early 00’s in a period where house building was at its highest. And obviously they never went down. And nobody can force companies to raise salaries enough to make up for the gap.

Deluccawai :

it can only be fixed if a new crash comes and the state dont save the assets but the people, otherwise it stays the same. Either way will be tought times

gggz :

The answer is taxing the assets in a way that makes investment in it beyond a reasonable level unsustainable and counterproductive.

andre19238 :

One of your best videos… you basically explained all of your ideas in one video. Good job!