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From a controversial billionaire\u2019s new title to lawsuits and arrests galore, 2021\u2019s \u201cGolden Age of Grift\u201d (as dubbed by Jack Raines) officially transitioned to the Era of Financial Karma in 2022.\xa0\nIn this week\u2019s episode, we rattle off some of the most illustrative downfalls\u2014those most emblematic of our new bearish economic environment.\xa0\nDo we indulge this walk down memory lane because we\u2019re schadenfreude junkies? No, not quite\u2014there\u2019s a lot to learn from this most recent 24-month hype cycle, including some \u201cregular people\u201d lessons about financial fragility.\nLearn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie\nTranscripts can be found at podcast.moneywithkatie.com.\n\u2014\nMentioned in the Episode\n\nThe Golden Age of Grift: https://youngmoneyweekly.substack.com/p/the-golden-age-of-grift\n\n\nTesla is Ringing in the New Year with a 10% Weekly Loss: https://www.marketwatch.com/story/tesla-is-ringing-in-the-new-year-with-a-10-weekly-loss-11673028845\n\n\nAndrew Tate on "Why Reading Makes You Look Stupid": https://www.youtube.com/watch?v=tyuMjpLrCLs&ab_channel=SirSic\n\n\nNick Maggiulli's Of Dollars and Data on Atlas Trading and Trading Games: https://ofdollarsanddata.com/trading-games/\n\n\nNew York Post piece on G-Wagons: https://nypost.com/2022/11/28/crypto-bros-offloading-g-wagons-luxury-cars-amid-ftx-crash/\n\n\nTesla's PE Ratio from 2010-2022: https://www.macrotrends.net/stocks/charts/TSLA/tesla/pe-ratio\n\n\n70% of Rich Families Lose Their Wealth by the Second Generation: https://money.com/rich-families-lose-wealth/\n\n\nNick Maggiulli's Of Dollars and Data on The Double-Edged Sword: https://ofdollarsanddata.com/the-double-edged-sword/\n\n\nSequoia Capital's Don Valentine: https://twitter.com/Lion_Investor1/status/1419833443953913867?lang=en\n\n\nA Third of Americans Earning $250,000/Year Are Living Paycheck to Paycheck: https://www.essence.com/news/money-career/high-earning-americans-living-paycheck-to-paycheck/\n\n\n\u2014\n\ufeffFollow Along at Money with Katie: https://moneywithkatie.com/\nWatch on YouTube: https://www.youtube.com/@MoneywithKatie\n\nFollow Money with Katie!\n- Instagram: https://www.instagram.com/moneywithkatie/\n- Twitter: https://twitter.com/moneywithkatie\n\xa0\nSubscribe to The Money with Katie Newsletter\n- Sign up for free today: https://www.morningbrew.com/money-with-katie/subscribe/2\n\nFollow the Brew!\n- Instagram: https://www.instagram.com/morningbrew/\n- Twitter: https://twitter.com/MorningBrew\n- TikTok: https://www.tiktok.com/@morningbrew\nLearn more about your ad choices. Visit megaphone.fm/adchoices