pretty soon the entire economy is gonna be funeral services and elderly care

本站添加: 2026-05-15

[00:00:05]Did you see Bright Line Florida's going bankrupt? Good. If I can't have public transit, the Floridaians shouldn't either.

[00:00:10]>> So, Eliza, um, Bright Line has been kind of struggling for a while here. How how likely is it that something will come along for this?

[00:00:20]>> Well, what it what it seems to be the base case for creditors involved and advisers that are that are in the middle of pretty serious negotiations right now. It seems that most likely the >> what's bright line? For some ungodly reason, Florida is like the only place in America that has highspeed rail. Uh unfortunately for highspeed rail as like a concept, flidians are literally primitive. They're like uh subliterate ape people. So they don't understand what to do with it. I I assume the reason Bright Line's going bankrupt is because when one of their highspeed rail trains pull into the station, people just toss rocks at it and hit it with sticks and so on. they don't understand what to do with it.

[00:01:00]>> Company is going to have to have a change of ownership. So either the creditors are going to take over in an in court chapter 11 restructuring. Small chance they can get that done outside of court um or or a strategic buyer. If a strategic buyer emerges that is willing to pay enough, that buyer could purchase Bright Line outside of court and they need >> Bright Line was shitty designed as well.

[00:01:24]It's all level crossings and people keep getting hit by trains cuz flidians are stupid. Well, I mean, you're making a case for it.

[00:01:30]>> Able to pay back all of the debt right now, though, that Bright Line can't afford to service otherwise. So, it would require a huge cash infusion, >> right? This is a $5.5 billion debt pile.

[00:01:39]Who owns this debt?

[00:01:42]>> The senior or many much of the senior municipal bonds are owned by New and First Eagle, two giants in municipal bond land. Um, and they are in direct communication with Bright Line as far as I know. And the corporate bonds, which are really important in this case because they are really the fulcrum security here are owned by three hedge funds that have experience in distressed assets. Those are Redwood, Arista, Nuttree Capital. So those guys are wellversed in doing the kind of what we call creditor violence that allows them to be in the best position to take over the underlying company and at a pretty low price and it often involves a lot >> bright line crash compilation. So are people like dying here or whatever? It is insane that it's all level crossings though.

[00:02:36]They literally don't know what a train is. Like they don't even know how to enga. Like I I feel like flidians with trains have to be the way people first reacted to cars, which is that they probably they were walking down like a boulevard in New York City and they see a car coming at them at 30 mph, 200 feet down the uh the boulevard and they're so shocked by it they don't move and it's it's like that scene in Austin Powers with the with the steamroller, you know, like for 8 seconds they're just like while the the Ford just slowly mulches them. Diana, you're from [ __ ] Florida. Holy [ __ ] I didn't know that about you. Jesus Christ, you don't deserve that. Here's a death count website for Bright Line. Well, don't sell me on the positives. The reason Flidians do this is because the same railroad with no way around the grade class has too many long fair. Yeah.

[00:03:24]Yeah. Yeah. Again, the fact that it has it's all at level crossings with no grade separation is genuinely insane.

[00:03:30]You're going to put a train all across the [ __ ] state and just have that [ __ ] on level ground. You're really not going to build like any elevated crossings? Just you're just going to shut down the entire state every time one of these [ __ ] rolls by?

[00:03:43]It's crazy. Can we keep the crash compilation going? Well, I don't want to like show people dying or whatever.

[00:03:47]Elevated trains or maybe I don't know underground. I I don't think you can build underground in Florida. I'm pretty sure the moment you dig below like like 2 feet below the surface, the the swamp just pours into the hole that you've dug. I I don't think you can do that.

[00:03:59]Yeah, it's like a slushie. You're building on a slushie. Florida's $6 billion rail line is debt vulture circling. $6 billion. That's like onetenth the cost of California highspeed rail and it actually exists.

[00:04:11]That's crazy. Meanwhile, in Florida, there's currently a massive fire burning in the Everglades in South Florida. I don't even know how that's possible.

[00:04:19]That's crazy. Climate change is inventing new kinds of fires. Is it like an oil fire or how? Yeah. Isn't it supposed to be wet over there? It's that new kind of wet fire. New kind of fire.

[00:04:29]They're inventing all kinds of [ __ ] over there. One second. I got to lay out a piece of laundry. Sorry. It's a devastating misplay on my part. I bought a nice new shirt and I wore it to hot pot. So, I'm I'm like it's an intensive care right now. Used an enzyatic spray cuz I thought it might have been like a chili sauce that got on it. And I found much to my dismay that the enzyatic spray took away the color but not the stain.

[00:04:57]So, we're we're we're getting a we're getting a self-made piece. Florida's apparently in a drought. How? No [ __ ] idea. That's cool. Yeah. I don't really know how this [ __ ] works, to be honest.

[00:05:09]I'm not a meteorologist. I don't know how it works. I don't get it. I You You look You look there, it's wet. I I don't know how you can be in a drought. I don't get it. Exceptional drought, huh?

[00:05:20]Jesus. Just drink the swamp water. Yeah.

[00:05:22]Honestly, it muck. It's okay. I know how to do I know how to do my laundry. But you are correct. God hates the South.

[00:05:31]Bright Lion's financial troubles are all about the debt incurred in building out its service. It's viable in operations.

[00:05:36]Even we need more government subsidy for the initial infrastructure and land value capture to make this model work. I don't want any money invested in Florida. That's like a first principle for me. Trans Florida. Between the government, the storms, the fires, the trains, and the gators. All the threats cancel each other out somehow. Yeah, I could I could get that. Yeah. You live in Miami and like the anti-trans police are coming to your door, but they're stopped by the gators. And then like the the sea level rising brings a title wave to your house, but the fires coming in from the Everglades like hit it mid clash and a big burst of steam just ends up like blanketing your house in a cool mist. Yeah. No, it sounds cool. Miami home sellers now outnumber buyers by 160%. 160%. Miami home sellers versus buyers. Yep. 160%. Wow. Jesus Christ. As of you, you know how uh you know how the the market likes to frame that? Here's here's the AI overview. As of early 2026, Miami is ranked as the number one strongest buyer market in the US. That's a really funny way of saying uh no one wants to live there. Panic sell. Get out of there now. You know, that's a really funny way. Number one buyers market.

[00:06:44]much much in the same way that like a uh uh uh like a market stall at a farmers market that sells wet bags of dog [ __ ] has the strongest buyer market because there's no demand. Oh, buying market's hot over here. There's literally no competition. You can just name your price for the wet bag of dog [ __ ] dude.

[00:07:05]It's practically free. Strongest buyers market. Isn't that monopoly? Monopoly. A monopoly is when um uh you have no alternatives when it comes to places to buy from. Monopoly is when the seller has no other place to go to sell their products. Monopony. Thank you. Sony like the Japanese company. Yeah. Average time a house stays on the market 9.8 months.

[00:07:29]Man, Jesus Christ. And Austin, Texas is right up here, too. What's New York doing there? Shit's expensive. Also, New York is disrupted like uh price signaling wise because there are a bunch of properties there that cost like $50 million that were ridiculously overpriced on construction and just they keep bringing them down. Like Billionaires Row, that big skinny tower that was built like [ __ ] Market's a bit distorted over there. Almost like housing shouldn't be commodified. Yeah, maybe. Maybe, maybe, possibly. We are in for such a [ __ ] culture shock. I I'm telling you, you know how boomers control the news? We are in for like a straight 20 years of non-stop whining from people 60 and over that they can't sell their properties. They can't afford property tax. They want the $2.5 million that the internet tells them they deserve for sitting on the same property for 50 years, making no improvements, and um seeing the value increase by 100,000% over their lifetime. They're going to cry like babies when they realize all that speculative wealth means nothing if nobody can afford to buy their property. And I'm going to love every minute of it. It's so funny to me when young people are like, "Oh, well, when the boomers die, the wealth will finally come down." As if it's not all going to get eaten up by end of life services, healthcare costs, and the fact that old people will have no one to sell their homes to because the housing market is irrational and will not price down the properties to a point where younger people can afford to buy them. A lot of the wealth that boomers hold on to is ephemeral. It either exists in the speculative housing market which is not going to pay out because nobody can afford that [ __ ] or it's going to go to end of life care. The only people that are going to be getting rich are the like healthcare industry executives which is the reason why healthcare and healthcare services is the only job market in America that's seeing significant growth right now. Every single other uh regular services, industrial, manufacturing, whatever else, all of that the number of jobs are going down. is just in health care services where it's meaningfully going up. And that's because the market is adjusting to fleece as much money as possible off of the um dying enobled rich boomers. You're not seeing a [ __ ] drop of that money, man. They call it the elder care economy. I can't wait to be accused of being like a agist or whatever because I don't think 80% of our economy should go to coddling old people. You should be agist. Well, they'd be correct. I am agist, you know.

[00:09:51]Yeah. Look at that, man. It's crazy.

[00:09:54]Monthly change in US jobs by sector, private education and health services. I don't know why they lump these two together. Health services are where the jobs are going. Look at that. It's an unbelievable skew in favor of um in favor of health services. Yeah. If the the the two biggest jobs in America are going to be like nursing and services.

[00:10:14]Is it the same in South Korea that more and more of the economy is being diverted to assist old people? Oh, yeah.

[00:10:19]Yeah. Yeah. Yeah. Yeah. It's a huge thing in Korea and Japan where they have very old average like age populations.

[00:10:25]Yeah. Also Russia. Yeah. But in Russia old people don't get care. They just get like thrown in the ground I think or like cannibalized I think. I'm not sure.

[00:10:33]Did you see the Kurska video on Germany as well? No, I did not. They get fermented into alcohol. That shit's true. Yeah. The suicide rate in Korea is extremely high compared to other developed nations cuz it's mostly old people killing themselves due to not being able to pay their medical bills and being a burden on their families.

[00:10:47]They're calling it the least selfish class of old people in human history.

[00:10:51]Sorry, it's a little bit glib. Suicide rate in South Korea. Highest suicide rate among OECD countries with 28.3 deaths per 100,000 people. Sheesh.

[00:11:02]Suicide is the leading cause of death for individuals aged 10 to 39. Yeah.

[00:11:07]Okay. In 2022, suicide caused more than half of all deaths among South Koreans in their 20s. Okay. Relative poverty among senior citizens in South Korea, though declining since 2011 has contributed to the high rate of suicide.

[00:11:19]An extremely high suicide rate among the elderly is a major contributing factor to their overall suicide rates.

[00:11:25]To be fair, what else could be the death reason for young people other than that work accidents? I I I I don't know where you've been getting your news, but it's really not normal for suicide to be the leading cause of death in any age demographic. It should be like car crashes or something. That's normal. The car crash thing might be US specific.

[00:11:43]Are you are you really going to argue that it's socially healthy for suicide to be the leading cause of death for people in their teens, 20s, and 30s?

[00:11:50]Methods. Yonan burning has been used as a suicide method in South Korea. Sure, man. Whatever. What are we talking about? Bright line rail? Old people was how we got here.