Modern Wisdom

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Who You Meet Down America’s Forgotten Backroads - Peter Santenello - #1132

Explore episode Aug 3, 2026
Society & Culture
Native Americans: The Highest Military Enrollment Per Capita

Who You Meet Down America’s Forgotten Backroads - Peter San… · Aug 3, 2026 Society & Culture

Native Americans have the highest military enrollment per capita of any group in the US. There is no consensus on resentment toward the country — some wave flags, some hold onto ancestral wounds, some are deeply Christian, and others maintain traditional spiritual beliefs. The real Native American experience defies any single narrative.

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Funeral Wreaths at South Korea's Parliament

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Outside South Korea's National Assembly, protesters have stacked funeral wreaths on the sidewalk demanding an end to single-stock leveraged ETFs. Seventy percent of investors in Samsung and SK Hynix leveraged products are in the red. South Korea has rolled out a debt counseling hotline as part of its national suicide prevention program.

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Financial Nihilism: The Social Root of the Leverage Crisis

The Week: How Leverage Broke the AI Trade · Aug 7, 2026 Society & Culture

South Korea's leveraged ETF disaster isn't just a financial story — it's a social one. A 40% decline in marriage rates, a 0.8 fertility rate, and a pervasive loneliness crisis have produced a generation of young people with no long-term stake in the future. Financial nihilism — the belief that only a lottery-ticket bet can deliver security — is the inevitable result.