August 4, 2026
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10:37Now PlayingA billionaire investor who predicted the dot-com crash and the 2007 housing collapse says it's "perfectly reasonable" for his own children and grandchildren to consider leaving the United States.
Steven asks: for the average person listening right now, what is the most important thing they need to know? Jeremy Grantham's answer is blunt: brace yourself for tougher times ahead. Life for the last 10 to 20 years has already been harder than people expected. It is likely to get worse. Housing is more expensive, rents are higher, and jobs are getting scarcer.
Steven then asks: should they be thinking about the country they live in? Grantham pauses and says: absolutely. When pressed on which countries he wouldn't recommend, he declines to answer directly but then says he wouldn't recommend the United States because the social contract is dissolving.
Discover:
• Why a billionaire says the American social contract is dissolving
• How US maternal mortality is 50% worse than the next worst developed country
• Why Norway had zero mothers die in childbirth while America had 21 per 100,000
• The specific countries he recommends instead (Denmark, Japan, France, Germany)
• Why he says it's "perfectly reasonable" for his kids to consider leaving America
• How corporations went from community builders to "cold-blooded profit maximizers"
• The single most important measure of civilization according to a billionaire
• Why "no help is coming" and what you should do about it right now
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