Why Are Americans in Debt? || Acharya Prashant

Acharya Prashant

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Transcript

00:00Do you know about the average credit card dues of the common American?

00:04They are the highest in the world.

00:06Spend on your credit card, live in the present.

00:08Don't worry about the future.

00:09But it's a very unfortunate trend these days, living in the now, living in the present.

00:15No wonder it is coming from the center of consumerism and is only serving to promote a lot of consumerism.

00:21No wonder the country this cult is coming from is the most debt-ridden country in the world.

00:26No wonder the society this cult is coming from carries the highest per capita debt on its head.

00:33Consume right now.

00:34Don't worry about the consequences.

00:35Living in the now is something very, very special, applicable only to those already liberated.

00:42Only the ones already liberated have the right to live in the now.

00:45The others must be very conscious of the future.

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