"All HELL BREAKS LOOSE" (In the Next Few Months) says FED Insider, Danielle DiMartino Booth
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- Опубликовано: 16 окт 2024
- Everyone's getting fired across all industries, says Danielle. U.S. recession is here and the housing market is crashing.
#usrecession #useconomy #housingmarketnews
Contact Danielle:
RUclips: @DanielleDiMartinoBoothQI
X: x.com/DiMartin...
The Daily Feather: dimartinobooth...
Website: quillintellige...
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The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
Biden is worst thing that happened to us
Fantastic! Can you share more details?
This isn't the first time l've seen her name on social platform. I think her good reputation speaks for her, thank you for the recommendation I just contacted her
Sick of the politicians running this country into the ground.Corruption is beyond belief.
Not only polcitians doing this. Alot of this have to do with mafias as well. Mexican Cartels.
The amount of corruption within government is ripe here in New Zealand to.
It's time to do steps to protect your self gold food and family
They all answer to the biggest organized crime syndicate of all... The Families of the Federal Reserve
vote 3rd party or vote at your own peril.
The mafia cartels are the politicians, they are concomitant, go watch Senator Joe Biden with Max Mermelstein give testimony over the size of the cocaine industry in America and beyond.
What is endlessly frustrating is that us Americans are never the cause of these recessions. It's always our institutions. But WE pay the price.
we need to vote better. elect business people instead of politicians.
The government spends money crazy, they have no concern for the people that paid for it. Going back on the gold standard, they will have to have respect for the people. Credit will be limited, businesses who live off of credit will shut down, the readjustment, will be painful, but it has to happen. People live out of their means, life was very simple, before 1971. Families were important, mothers left their children went off to work. So now we have disrespectful kids, who never grew up, that will live in their parent’s basements forever, with their high priced video games.
Your Institutions are not Yours?
@@edwinlomonaco6754 so the ones who have preached they just do the bare minimum on jobs are fired 1st in layoffs. So it is the company's fault?
Recessions are part of capitalism. Without them it all falls apart.
Property taxes nationwide are out of control. They are taxing us out of our properties by inflating the “market values”.
@@lisaannp Property tax is simply theft, and we have to start voting to reduce to as close to ZERO as possible.
The buyers have inflated the market value.
@@scottstempmail9045 The "buyers" are hedge funds and Chinese investors.
homeowner insurance also being inflated from hikes in home values
Municipalities are raking in the 💰 with increases in property tax values. 😮😮😮
Listen guys I'm a single father of a beautiful lil girl ,I ran a small damaged drywall repair business..I went from making a livable 50,000 after taxes for the the Rio grande valley Texas ,a year ,to being back on foodstamps.
Everybody thought I was a crazy crackhead conspiracy theorists, but I felt it since October it was just a gutt feeling but thank you for validating what I felt.
It hurt me to lay off my people 😔
@@TheChroniclesofRephto hang in there bro. Do whatever you can to love yr daughter in poverty or wealth. Life is temporary, but yr legacy only does after yr daughter dies.
They’re not “your people” (like slaves) they’re your workers.
And yeah, I saw this coming years ago as developers starting shutting down on their building operations and stop development.
@@OneManLikeNoOneElse you sound like a M😂R😂N.
@@TheChroniclesofRephto did these employees have the appropriate documents to work legally?
@@JohnAppleseed-cy1rd lol the sky is falling and I love this type of comments... Great timing lol
Next four months? We’ve been living in hell the past four years.
Go ask Reagan what he changed in Global economy. You might get a clue WHY it doesn't work.
We are in a conundrum...
Come on, you guys are "the number 1 economy in the world"
You have it wrong it has been over 30yrs!
@@julianbryantjb you’re right, it’s been longer than the past 4 yrs.
No employees at Walgreens and CVS. Self checkout. Grocery store just cut staff and their prices went up again. America is in trouble.
@@judyb0216 Walgreens are closing across the nation.
I'd say part is greed, part living beyond means and part is monetary mismanaging.
Murica is Done Son 😢
VERY BIG
Yeah ok buddy. Like we’re all gonna die because of no cvs or Walgreens. 😂
I have a small cleaning business, just lost my biggest contract because they wanted to go with a new company so they can pay them a lower rate. It sucked but I refused to accept a lower rate when I felt underpaid already. These companies really don’t care about you
Worked for cleaning company for 10 yrs as a area manager this buisness was cut throat then I would hate to see how it is now...They will use another company but wait cuz the work will never be what the company expects... Many companies do not care about their employees either they are under paid for what they are expected to do think about that I know I was always fighting for my 125 employees for raises hardly ever got approved horrible buisness to be in so happy I am retired ....
@@KenH-pm2lh I hope they get what they pay for.
No company cares about their employees.
that other company likely uses illegal immigrants, so they can low ball everyone else
@@chrisweld2903I wouldn't say no company, but definitely the majority.
Why don’t we get rid of the lobbyists . No need for them .
I'm more for getting rid of our Government entirely. No need for it.
Because the Supreme Court ruled that money = free speech and that corporations have personhood.
Because it is so ingrained in the political system that it is very hard to change. It is one of those things that can only be removed by a brand new constitution
Unfortunately all conflicts we have recently been involved in we need millitary@ew5821
The removal of "In God We trust", and the promotion of the vulgar, and the heralding of materialistic, greedy role models, has allowed for the slow but sure capture and corruption of regulatory agencies for both safety & antitrust/monopoly; has allowed the worst of the worst multinational corporations to OWN our legislators, executors, and courts; where the banks and the multinational elite have completely sucked the wealth and the power from our population. Our Constitution is the ONLY thing that has been standing in the way of complete collapse and takeover; which would allow for a revolution that in this day and age with the military and social engineering /propaganda technology the world has; would only end in a "Democracy" in appearance, but with MUCH more despotic and authoritarian governing body... There NEEDS to be a revival of people who know and respect and fight for our Constitution, as it has been and STILL IS the envy of the world.
Our population has already begun to see though the gaslighting and most already now know that the television news only act as advertisers and propagandists for the narrative that the greedy elite wish to push, and most is biased lies.
Not sure if everyone is living in the same country, but here in the U.S. we are FAR beyond that of a recession. And if you account for inflation, it's even worse than the Great Depression. The government and regulatory agencies are OUT OF CONTROL, and stopping the snowball after it's already halfway down the hill is next to impossible.
I'm afraid they are going to say we are in a depression when Trump wins and blame him because they blame him for every atrocious thing ever.
The stated gdp is close to 2.5% ,when the actual real unminipulated number is-7$ ,folks we are in an inflationary depression. It's not your imagination.
Inflation is at 3%.
Pretty comfortable depression if you ask me,
In what reality is this worse than the Great Depression? It may get there, but it definitely isn’t there yet.
I’ve been saying this. I left the country four years ago and back in 2020 when Covid first started, I knew we were already in a recession. Now we’re going into a depression.
Yep
@@Airbender-kl7cu You must have moved to "I'm-a-Dumbf**k Land" Depression?? The stock market is hitting all time highs, unemployment is at all time lows. The stores are crowded, airports are overloaded, the highways are bustling, business is brisk...too brisk.
@@harryprice60191. Stocks are inflated because bonds are crashing 2. Employment looks strong because more people need a side hustle to buy groceries 3. Airports are busting at the seems because Brandon let in 10 million people in 3 years
@@harryprice6019 you sir are in a bubble and believe the BS
@@mltoteslabarbera4935 hes in a bubble . He's here because he is feeling it too.Spending is higher because of inflation. Average american has 40k in crdit card debt. Fake numbers
What baffles me is that everyone can feel something is off, many people are struggling to get by, yet when I go out to lunch on a vendor's dime, I see restaurants completely full every day of the week. And there are no cheap restaurants anymore.
Wow. Someone who notices.
What are the ages of those patrons? Many younger people have considerable disposable income because they have few, if any, housing and related expenses. They also have a YOLO attitude and don’t save money or invest.
I barely see any full where I'm at.
Restaurants are busy because we are all working 50 hours a week and don't really want to cook after.
Groceries are high. It’s almost, almost cheaper to eat out.
For all the wonderful designs of the founding fathers, their biggest mistake was not imposing mandatory term limits so there are no career politicians. Now, Congress is so bought and corrupt that they would never impose term limits on themselves. An excellent interview. Danielle is excellent and so knowledgeable.
@cantstandtheestablishment4004 Can you see my earlier reply?
@@HoldenMcGI can't 😮
@@JohnDoe-ef3wo Thanks for the spot check... too many of my comments have disappearing as of late on YT.
Not sure, but did Congress actually get paid back then, or were they meeting once or twice a year and actually SERVING we-the-people?
Truly agree. People can’t wait to retire if they have
the money or just work part time. Those people dead in office some don’t know where they are or doing due to age or falling asleep.
The system is working perfectly. A few years ago both husband and wife were working. Now both husband and wife are working and have part time jobs. Oppression complete.
📢💯
@@rickybobby7276 What a mess this whole thing has become. My hat’s off to you both. If you want to look at it optimistically I guess you can be happy you were able to each get a part time job. I’m sure hoping something changes for the better but I think it’s got to get worse first.
Municipalities are Corporations that can't tolerate declining tax profits.
I just miss the days when my grocery bill was $300 for the month, not just 2 weeks.
Exactly 👍
Food has doubled now 🛒
2 weeks? Where you shopping?
Try eating less. That 's the only way you can survive this situation.
@cp-sb6cp that's exactly what dictators tell their people so they stay suppressed
@@cp-sb6cp Ha Ha - I like that suggestion. Or eat Top Raman
I'm astonished that some people seem oblivious to the stark reality in the United States, where we've surpassed recession levels and are facing a crisis rivaling the Great Depression when adjusted for inflation. The unchecked growth of government and regulatory agencies has created a behemoth that's nearly impossible to contain. We're witnessing a runaway snowball effect, and it's alarming to think that halting it now may be too little, too late. It's time for drastic measures to reign in this unbridled power and restore economic sanity.
Outstanding information, with world crisis,rising inflation and economic instability due to poor governance, consider digital assets as a means to attain financial freedom.
Yeah and multiple streams of income should be applied because from the CNCB quarters recently their newscaster made it known that If you don't find a means of multiplying your income you will wake up one day to realize you didn't plan..
well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my husband introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.
Could you please arrange a consultation with your financial coach to discuss my retirement investment account? I would greatly appreciate the opportunity to seek her expert advice on this matter. Thank you!
Millennial ICU nurse here... thanks for calling my generation entitled. Love that. I've totally loved delaying buying a house and starting a family. We entered adulthood in a crappy job market with frankly ever-rising asset prices, saddled with enough debt from the college education (our boomer parents pushed every single one of us to have whether it was what society really needed or not) to buy a house with it. We've all loved having pretty crumby job security too because while wall street did well, the real economy suffered. In particular, I think we really liked it when we were basically told we were "non-essential." The older generations weren't the ones working in the "non-essential" service industries. but, then when it was deemed we should not complain or ask for too much for that would be entitled. Post-COVID when the labor market was actually for once an employees market yes we flexed some muscles. So yeah I really appreciate hearing how entitled my whole generation is. What a joke. I like you Sachs I really do but I've about had it listening to that. As the days turned into weeks into months during the pandemic and I was taking care of terribly sick, suffering people in the hospital I had to wonder why everyone thinks we're so entitled. I don't feel entitled. I look around at others of my generation I don't see entitled. I see a generation fed up. I'm middle-aged looking down the barrel of an economy that has been screwing me over from day one. Life isn't fair. Life is hard work. Thats ok. But, sometimes the game is rigged and that's an entirely different kettle of fish. Where people see entitled, I see fighting back with the only weapons we might ever have.
You wanted your F*inism, you got it. You wanted equality, you got it. I tell every man I know, NEVER MARRY A WOMAN. Women are so entitled they don't even see it. Women voting for all these failed leftist Democratic policies are what caused this. Now men won't marry you. Peace.🎉
Land, group economics, self sufficiency, going off grid communities are best to live healthy and less stressed
That’s your story. The rest of the story is riots in the streets. Protest about Palestinians and acting like children while going to elite universities. Going to overpriced schools and claiming you were too dumb to know the real cost and demanding the government bail their tuition out. Praising someone like a “democratic socialist” on mass as the solution to a broken government system. Complaining that “white supremacy” is the biggest concern of our time, and bloviating on about being white means you’re “privilege” but simultaneously a victim when the goalpost shifts. Acting like our country is in shambles but simultaneously demanding we open the border to bring in more in financial ruins. Demanding to live in hip cities and admitting none of you can afford to live there…
There are alot of reasons why your generation gets mocked, but it’s not because of the description you expressed or the innocuous way you claim you live your life.
Not only that but calling teachers entitled too! Teachers who are overworked, underpaid, and often are spending their own money to help provide supplies, snacks, and education to these kids! I was absolutely appalled when she said that!
Millennials and Gen Z are not the issue. Don't let anyone tell you otherwise. The most entitled generation are the baby boomers. They lived the best of America at the expense of America. They hold absolute power in this nation and could care less if you die in a ditch. Anyone whom says otherwise is either a liar or completely out of touch. The good news is those boomers that are left will suffer worse than the rest of us. By stock in the big corporations that own the private prisons. That sector is exploding. Profiting on human misery is the American way. And the future is dystopian.
“American’s don’t have enough work.” … Incorrect.
#1 The devaluation of our money verses lack of pay increase. There aren’t enough work hours in the day to afford this.
#2 Fuel costs are driving costs of everything through the roof.
#3 Crime is out of control.
#4 Taxes are too high.
#5 Wasteful Government spending is out of this world.
#6 Government regulations are excessive and stifle business.
#7 Not enough Trade Schools.
#8 Lack of Government Investment into America, instead of foreign countries.
#9 Less USD being used for the petroleum trade.
#10 Predatory Student Loans / Home Loans.
#11 Healthcare costs bankrupt the average American.
#12 Insurance costs are excessive.
That’s at least some of reasons we are struggling.
#13 Get money out of politics. Term limits.
Trade schools the votech part locally got mostly shut down locally the last 2 decades.
You're not wrong with your list. 👍
Illegal immigrants coming over in waves.
Nailed every significant aspect!!!
Your number one post is exactly what I thought when I heard the statement on the video. The rest of it was perfectly said.
Got laid off yesterday from my full time Software Engineering job, pray that i find a new full time job Software Engineering fairly soon, the Economy is very scary.
AI can write software and current software engineers will merely do fixes...maybe retrain in cyber security
Get out of America while you can. China is the future.
Apply for Wells Fargo
@@justhomas83 lmao you're joking right, that company is so poorly managed
@@BangMaster96 okay it's on you I have a friend that make 150k a year
Appreciate your videos! I’m 55 and younger generations should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..
Elizabeth Greenhunts
Get to her with her name..
Kudos.
Many needs this info. Good stuff.
Its time to stop gaslighting and admit something is really wrong with economy! 🤔
Yes, it’s called peak oil
Are you kidding?! Accepting this will make it worse…
Admitting there's a severe problem will cause a panic, it would probably start much sooner
The federal reserve will turn this upside down depending on how the election goes. Money will stop pouring into the stock market from them if Biden isn’t re-elected . Yellen is colluding with the blue party
Hmm i wonder what happened in October 2023? Israel got attacked in October and they quickly sent all the money to israel. That's the hard wall you're talking about hitting the economy.
now you know who is really in charge.
The biggest problem is most of major companies in the United States moved overseas, people lost jobs, greedy corporations make beyond god level $ and treat employees terribly and pay them as little as possible. Oil prices skyrocket which drives up diesel & gas for farmers which in turn drives up food prices. Greedy homeowners that rent houses raise prices to astronomical amounts, automobile manufacturing uses recycled materials to build vehicles for pennies on the dollar-brand new vehicle is priced 10s, 20s, 30s of thousands of dollars over manufacturing prices. Credit card companies raise interest rates, banks raise interest rates, colleges raise prices to students each year. Shall I go on?!
~My husband's job over 30 + yrs...is Relocating to India this October. We are shocked because company makes money.
Please remember this when you vote in November.
None of this is possible without the EXPLICIT collusion and support of a central governments given far more power and authority to do far too many things that they are incompetent at doing at best.
One also needs to look in the mirror and honestly ask yourself how entitled you feel you are to what you expect in life. If you can't say that the only thing you are entitled to is equality of opportunity - not outcome - and equality before the law then you ARE also part of the problem; it's not just someone else's fault!
Actually rents go up in CA due to high maintenance, high property taxes, high fees, high insurance because of democrats !
America just hit thirty-five trillion in debt. Very scary.
thats $$ 35K billions!!!
America is truly broke with the national debt gets bigger and bigger America can t take care of anyone anymore because it s broke that is scary
It's over
If the numbers , inflation, and actual gdp are properly, unemployment is more than 20% and gdp actual is -6% ,we are in an inflationary depression. Let's gets real,stop sugarcoating it.there is no mathematical way the debt can ever be repaid.its over.
@@DanGilliland-pi4vh I agree.
As a business owner and my business associates we are begging for workers!! No one walks thru the door anymore. That’s a choice of people not wanting to work, which I can’t understand. People are at food banks-fancy cars- because food prices are too high! It’s a political issue. I’m an American made manufacturer and fighting to stay alive and keep local manufacturing alive. It’s a crazy time in the world. God bless and help us
A lot of people are giving up. If you can't live while working, why work?
@GregnKarenTribby it's difficult to find good workers, but the same can be said for good employers. Have you/ your associates conducted exit interviews for anyone who left to see if there's a common cause? Have your associates put the open positions online? You can get really targeted with the type of workers you're looking for with some of the online platforms. Thanks for doing your best to keep manufacturing in the US. We need more of that.
I need a job badly where are y’all? I’m in Texas and haven’t worked since 2021 and I really need somewhere, anywhere to work at this point, I’ve had a health scare as well and I need to get it checked ASAP
Where are you located? Company name/website??
I’m an educated respiratory therapist.I I was pushed into retirement when I hit 55 around 7 years ago so they could hire someone at 1/3 the cost.then nobody would give me an interview for jobs paying 50-80% less than what I was paid for,so I started a business,but now it’s crashed too. I honestly only work to give 100% to charity because I have around 1 mil in savings and my house is paid and I have around 12k a month income from other investments.I just want to keep busy.Im looking at just volunteer coaching etc now.
There must be a curb on huge corporations buying single family homes 🏡. Then they turn around and rent these homes at sky high prices. This must end. These corporations can borrow way below the Fed rate. This is unfair competition. Enough said.
Huge Problem!
Squeezing the Market
@@dalehutchings6350 the economy is now set up to make it harder for the poor man to become wealthy and easier for the wealthy man to get wealthier.
blackrock
@@LeapHulk 🤨
It's also what is driving the cost of buying a home up. I heard that the plan is to force everyone into cities.
People are paying at least 20-30 percent more on everything as opposed to the last couple of years. Peoples' wages have not gone up 20-30 percent to keep up.
I can attest to food prices especially. The olive oil I buy from Italy at Costco went from 15.99 to 27.99 in 1 year. Everything else I buy has gone up several dollars just in the last 2-3 months. I'm worried about where we are going to be in a year.
Some things are up 50-100% in the last 4 years
@@petes6521 people also do not downsize accordingly.. that's a big problem too. I'm driving a 2009- most ppl will not. America's sense of entitlement for shiny new things and the best of everything and living in abundance will be a big downfall
I saw a jug of olive oil for $52. It's insane
i was making good money and was basically toldi would be let go. I didnt wait but I took a new job with a about a 20% pay cut. It was hard to find the job I did. Im 50 and dont think employers wanted to pay what im worth. I feel safe in my new job I just hope I can get back up there in pay.
It's simple, they're going to drop the doomed economy on Trump's lap.
Exactly!
Exactly..that's the plan
There isn't gonna be an election. Y'all don't realize that yet
It’s going to be okay if Trump wins he’s gonna start with pumping out oil again and that’s going to help make money to pay down the deficit in a big way many countries want American oil because they need it and our oil is cleaner than any other country Trump is a smart man we were doing great until Covid in which many people were blaming him for when it wasn’t his fault and Fauchi new it was going to happen he did a interview and said that Trump would likely face a pandemic I watched it
😂😂😂 the economy is already doomed & gloomed😂😂😂
Trump will then say I inherited this economy from Biden...
The real problem is the MF Fed!!!
“Steepest decline of peoples’ perception”. TOTALLY ON POINT. The government thinks we are idiots and don’t understand our own budgets and finances!!!!
And the American ppl are hurting financially and are worse off now and were better off under the previous administration.
She ISNT lying about the food banks or the quiet layoffs- not only have I seen this in two different states in different regions of the US; I’ve BEEN in those lines several times in my region! Even as a single, average American income earner, between debts, being in between contracts until earlier this yr, & helping my mom who practically makes minimum wage, we BOTH have been in these lines. It takes hours out of your day & often, the food isn’t even up to date, hardly ever remotely healthy (tons of sugary snacks, cereals, & breads); but we were grateful for it, especially the things we were able to use & store (rice, meat, beans, nuts, eggs, milk, etc.). It’s crazy out here. I’ve even stood in those lines to share food with many homeless people who can’t go to those places without a car or way to transport food items (ones that don’t need to be cooked). It’s soo scary to see food scarcity unfold on the ground level.😢
And now at my current job, many workers are being termed for lack of work (but they’re terming them as poor performers so they won’t have to do layoffs & adhere to what comes with doing that 😡)
Scary times- that’s why I stay in prayer & am trying by best to get right with my Lord & Savior; He’s the only one who really knows what we should do, when, how, & ultimately why.
Amen 🙏
We either shut down the government and overhaul it immediately and force term limits on all, or lose everything that made this country so great! We have choices and sacrifices to make in the coming months!
Respectfully, when was America ever great 😢
@@jladybug2647 Seriously? Freedom and capitalism = whatever you make it ... vs. big controlling corrupt government controlling economies
@@jladybug2647 my whole life, this country was great!
Sure sure, as if the Elites would let you. You'll be in Trumps Media and Technology Group. Surveilled by Musk and/or Rumble, (Because you don't trust Google) When the Scheme is all the same. You won't know where to apply for Foodstamps without the Government telling you. So, go figure it out Once "THE GOVERNMENT" is gone. Wall Street won't hand those out.
The only people who can pass term limits is Congress, WOuld you vote yourself out of a job that provides endless grifting??
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
Think about actions you’re taking that might be harming you such as carrying over credit card debt each month.
In my opinion, create a budget including income and expenses, do this with a financial advisor.
My CFA ’Monica Mary Strigle ’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
In retirement red zone, if you haven’t saved enough, cut expense. Don’t celebrate and buy a car when you get a promotion. Use science and math when it comes to money, sock away more money.
Every situation is unique so I hope this helps. In short, I'm 42, was raised in a house built by a civil war soldier, had just enough growing up, and now about to retire.
How I did it was opened a small handyman side business. . I lwasnt great at it but had my dads tools and asked a lot of ppl at lowes how to fix things lol. Little jobs here and there outside my regular job. I took anything I could get and saved, built a very small house (again, not sure how but asked anyone i could amd made plenty of mistakes). Eventually and thankfully landed a few good contracts, kept the 2 jobs up until my business felt secure.
I stayed out of debt best I could, saved everything I could, then invested in old houses. The market was full then, now not so much but they are still out there. I bought not dumps, bit ones I didn't have to pour money into. I bought one, rented it, saved, kept working. Bought 2, rented it, saved, kept working. I did this for 6 places over 4 years. When the market got high 4 yrs ago I sold all while keeping debt near 0 and working my now semi big maintenance businesses
Could have kept going but working a full time contract job AND dealing with rentals AND having a family was very stressful.
I'm not saying it works for everyone, and maybe I could have done something better to make more but I like what my pastor always says "I'm not preaching at you, just a begger telling another begger where I got my bread"
I have said this for months. People cannot afford to pay the bills, rent, gas, medical, and food. It’s out of reach for the average American so a recession is here now!
It's due to happen- just in time to blame Trump for the economy.
Well, imo trump just as much to blame as biden. Can't shut the country down, throw free money around and not have conquences.
@@SamsungJ-xk9pt he will inherit the whirlwind unfortunately 😱
@@SamsungJ-xk9pt remember trump added 7trillion to the debt
The new administration ALWAYS gets blamed (if bad) or credit (if good) for the results from the previous. Welcome to national politics.
@@frankespinoza9 Mojado!!!!
As Danielle speaks about GOD & mocks him...I want to say WE the People ARE VICTIMS of evil. AND....Yes, we are in a created pile of shit by some evil people.
Yep.And too little too late.Way too late.
I think she was commenting on "voters" thinking thst is the narrative now, which as a Trump voter, I can say is true.. we are thinking that.. you think she was making fun of Trump voters?
@@junktex US peoples pride, creates Ignorance and Denial. Everything is good in their eyes as our farmers are deemed illegal and the push to eat bugs! Welcome to the USSA!!
God shall not be mocked. I fear for those who have mocked God.
How does she mock God?
You can build all the $400k houses and $1250+ rentals you want, but the American taxpayer can’t afford it. The over-construction scheme was used in China for financial churn. China has empty cities. Now we have empty houses no one can afford. FJB
A lot of communities WISH they had housing at those prices!
And the affordable home spec builders are scared to death to build with the Marxists in charge.
Empty houses, that's ridiculous. Just move the homeless in. Problem solved.
Wish my home only cost $400k. Most in my area well over that price and 5-6% YOY with no issues selling. People have money. There are tons that can sell right now and have a very hefty down payment to move up or down and they are doing it. First timers, no. However the buyers right now are not new. These are folks with money and lots of it.
They are building them here in PA and they are selling. People have the $$.
I’m 71 years old and own a 2021 F 250 and 2021 GMC and my Insurance went out to $400.00 a month. They keep telling me everything is going up. Im about to get me a scooter in. Walmart to transport myself around. I don’t own a home because a don’t make enough to cover all the cost. Hope i never end up homeless like so many.
WELCOME TO THE BIGGEST CRASH OF OUR LIFE!!! I KNOW A REALTOR THAT IS ALREADY SELLING HER TOYS!! THINGS ARE GETTING VERY UGLY!!
Get the toys before they are all gone, Grinch! 😂
Unfortunately we have even a bigger problem than economic policy alone. We are facing the worst case scenario- we have a 10O % corrupt full blown " banana republic" the dems ,deep state, and MSM are conspirators in what was essentially a slow rolling coup and attempt to destroy Donald Trump, first politically, and failing that with a disgusting weaponized legal ploy, and when that failed, well you know! Evil combined with useful idiots , god help us. And if it was not for Trumps tenacity, they would have continued their corrupt ways for years and most would'nt be the wiser because of the corrupt MSM
@@wmejia4122 Too early. Wait for toys to be 50 cents to the dollar then pounce. Until then, keep stacking cash so when the time comes you are first in line with a blank check
Oh no!! Not her toys???? LOL
Why??? No one can buy them...
When I moved into my neighborhood 30 years ago, the people that lived in the houses worked in retail stores, trades, truckers, warehouse, and a smattering of teachers and civil servants. There is no way those jobs can afford my neighborhood today. My taxes alone are $16k, insurance $2k, water/elect/gas/garbage over $4k. Normal people can't afford these homes or the expenses to live in them. But service jobs are still in my area, which means they have to drive forever paying $4.50 per gallon gas and all the car expenses just to get to work. Starting wages are at $22 per hour for most jobs. I just don't see how people start out today and keep their head above water. You can just stay in free housing, get a welfare check while getting all your time to yourself.
I bought my house for $175k 15 years ago. Now similar houses in my neighborhood are selling for $500k. I know average salaries have not tripled
@erickeenan7562
This is like my friends house in young ranch fushear. I think their house is worth 745,000 dollars now. I'm guessing it was around 250 k 10 years ago when they bought it. That would be quite a hefty payment now for a new buyer.. I wonder who would be buying that? It's not teachers and truckers like you said. I don't think there are enough families that make that income, in the amount of houses that there are, they are priced very high.
@@SafeEffective-ls2pl that is true...but Government debt and spending has more than tripled.
7/20/2024 $34,949,000,000,000.00
9/30/2008 $10,024,724,896,912.49
--- That is an increase of 349%. But have NO FEAR !! We will re-elect the Democrats and the Republicans back into office.
@@SD2001-p8qAverage rental assistance waiting list is 6 years now and they are closed to new applicants in most states. - Tent sales are up though.
Well said.
The Creature from Jekyll Island should have never been tolerated.
The Fed is not a Federal Agency, its a private bank!
We was had.
Yep, created by the banking cartels to control the supply of money and have the government take the blame
Absolutely, the people gave the government total control, decades ago.Pawns being played by the parties. You best believe if any chaotic situation goes down in the states, most wont have a bomb shelter to go to or some place safe in general. Tax dollars have been forked out to everyone else but the people. Change for COVID, but, that's about it.I passed on it.
No more federal than Federal Express
correct and you could make the argument that alot of this "national debt" is phony
Danielle DiMartino Booth it's refreshing to see someone acknowledge what is really happening in this country that is ignored.
Recession?? Ha, what a joke! We are in a full-blown Depression!!
You are the typical person that writes comments based on opinions not facts. Plus you say it mockingly.
@@2024jim we haven’t hit a depression yet, although that is certainly possible
@sarasotamermaid it's sure feels like a depression for the working guy.
The Great Recession was the closest we came to a depression but of course we didn’t allow for a recession to happen. Instead the bubble was reinflated. We are capitalist and our main incentive is profit so there you have it.
@@2024jim the long lines at Chick-fil-A say otherwise.
Great interview, Todd. Danielle is one of the smartest people in the financial education space.
Thank you Greg. Appreciate your comment 💪
Love you guys! I'm in Ca and talk about you two all the time. Thank you for being real!!!
@@christinemchurd1742lol well makes sense you live in California with that low iq. She’s not right and she’s making shit up for views and same for creator of channel lol. STFU and move out of usa if you think all this is true
I must agree with her!😊
no standards
I respectfully disagree with Ms Booth on keeping the Federal Reserve intact and thinking it can just be restructured better… it is a fallacy to think centralized planning will ever solve humanity’s personal problems! Central planning is the problem not the solution… regardless of how good and talented the managers are… you have to allow personal responsibility in the market place! For good or for bad! Allow adults to be adults and stop appointing a nanny to supervise the grown ups!
The Federal Reserve is not Federal and it has no reserves.
I disagree with everything this lady says. She’s fear mongering and a tool.
@@BB-wm1xu Thats unfortunate her message mongered your fears!!! Hopefully you can muster up some strength to find comfort elsewhere!
Today politicians have a nanny impose on them by the Israel Lobbying Group AIPAC!!
The fed is a private organisation not government. It is corrupt it needs to go
We the people have the power. When we stop tolerating, then things will get better.
How? Vote is about all. TRUMP 2024
@@Gabber44906 it has to start with people realizing why we are here in the first place. Corrupt politicians/administration… non elected officials… all working hand in hand to tear the economy apart in order to usher in digital currency and have more control over its citizens. They’ve emptied out the federal reserve, laundered billions/trillions to continue their false narratives on its unsuspecting hard working citizens.
It’s the same story for my country, Canada… The Netherlands… France… Australia…
All done by design and collectively in order to usher in their NEW WORLD ORDER.
They meet in Davos Switzerland to discuss and strengthen their alliance, their agenda in order to tighten the bit on every single one of us as they tout,
“We will own nothing and be happy “…
live in 15 minute cities so we’re under constant surveillance …
They’re liars, thieves and murderers and they’re coming for us and our children.
@@StormShadowGFX-go5xq
If everyone stopped paying income taxes....we need a movement
My mom always said if every employee took one day off work refused to go as a strike- we'd take it back from the lobbiests
What's dumb about AI is if companies are exchanging bodies for AI no one will be able to afford their products
This is a great listen… just a tip from a mom of six facing the possibility of working from home and homeschooling…..houses AREN’T being built FUNCTIONALLY for the two parent working from home lifestyles. We don’t need large or small homes we need functional floor planning and quality buildings that don’t need constant repairs!!! Sheet rock walls with weak plastic plumbing is trash going forward. A building should serve the people, NOT people serving the house in constant repairs.
Amen to that, and wishing you and your family the very best for the future!
Couldn't agree more... I've been calling this out. I did concrete work for about 15 years, in and out of construction about 2 of those years, and this is the one thing that always bugged me. The majority of homes built in the US, are not built with longevity in mind.
Go to other places in the world, and they're building out of concrete or stone.
There has been significant research done on building with air crete, and using that material in the application of dome homes.
These are considered category 5 buildings meaning they can withstand a lot of natural disasters, and yet we are building with wood? Our real estate infrastructure in America needs an upgrade.
@@tracypeters4252 I was just going to say the same thing about building homes with aerated concrete blocks “Hebel” is a well known brand. Also what’s fundamental is passive solar, orientation, design including thermal mass in those colder climates, optimal shading, glazing ratings etc. Blocks need to be designed to maximise the aspect-solar path in Summer to let the heat in with thermal mass to retain it overnight. Compact clever designs with storage solutions, bigger is not better. Bigger means more to artificially heat and cool. If it’s built right with the right materials you may not (depends on your local conditions in that part of the world) artificial heating/cooling. Such housing is a pleasure to live in.
I wish the above was the standard, not the cheap quick rubbish that is available now.
Actually it’s not cheap anymore, rather expensive and you get little for your money. That’s another story for another day. Thank the Fed for that with all their QE which is one on the inflation drivers. I could talk forever on this topic, I’m a bit miffed that we are all suffering higher cost of living due to them.
Let the damm banks fail.
U bought the house built by Mexicans
Amen Sister
I work for a Teir 1 automotive electronics manufacturer. Literally, went from 60hrs/wk to 30hrs/wk. Our customers ordered 50% less then normal...not just one but all of them...almost overnight everything changed
Your company probably manufacturers junk
Your manufacturer should have moved to China or Mexico, long time ago!!
Not funny at all😠😠😡😡😡😡
How long ago did this occur?
Hopefully you banked some money. Are you collecting partial unemployment? Our business slowed up a little too. All the best.
Mr Sachs, a warm hearted thank you for inviting Danielle! She is such a breath of fresh air! She is articulate, courageous, passionate, smart, intelligent and it's what Congress needs! She would definitely make a positive contribution if Danielle was making the monetary policies!
Congratulations Todd....you have a real gift asking the important pertinent questions!
A guy I was listening to several years ago said that this sort of "collapse" always takes longer to finally arrive than people expect, but when they DO come, it's absurdly rapid.
Yes it’s like turning around a ship liner 🚢
From Australia 🇦🇺the prices of homes in Australia is insane. The highest in the world. Median house price in Melbourne $920,000 AUD. Mortgage variable rate is between 7.6% -8.2%. salaries have remained the same the past 10years. No wage growth. Young families need to save 20% of the home price to get a loan. Reported inflation is 3.6%. down from a high of 4.1%. another lie. Ask any family food and other costs have soared between 30%-70%. It's very scary. The crash is coming folks and asset values are going to be wiped. The world economy is linked. So anything that happens in America will have greater shockwaves here in Australia
Make sure that urban sprawl keeps expanding in Melbourne.........Narre Warren, Tarneit & Donnybrook.
In Australia too.. very scary times 😬
How about prosecuting traitors & governmental thieves?
I like the way you think.
Absolutely 💯
I like the way you think.
Absolutely 💯💯
She’d be in cuffs.
Texas-- property taxes plus insurance are like having another mortgage! It’s insanity here. Our policy doubled.
@@celestegrabowski2163 100% We had an opportunity to move there and I crunched the numbers and was jaw dropped when I saw the property tax rate.
you got The Okee Doke!!
Well yeah, you don't have a state income tax correct? The moneys gotta come from somewhere.
Same in Florida 😮
@@ericmartin70287 Where we live, it’s between 2-3%. With the average home value going up 10% a year, it’s never ending increase. Ex. 500k home costs you around 15k in taxes this year. Next year, they say it’s worth 50k more so now you owe 16,500k… imagine what this is doing to the elderly. They are being taxed out of their homes. You cannot freeze the increase until 65. I have neighbors who are teachers and they can barely make it as the raises don’t cover property tax increases. 20 years ago, the average home was just over 200k in a suburb… now it’s 450 plus.
Worries about a potential recession and banking system instability have weakened my investment confidence. I aim to reallocate my $200k portfolio. What's the most effective strategy to hedge my portfolio and generate profits?
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation
Her name is “Annette Christine Conte” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
@@Aarrenrhonda3 get an offshore bank account whereby you will have more diversification through investments and currencies. You will also be able to buy gold, silver, etc. The main thing is to get your finances out of the declining dollar and US financial institutions . Definitely, get sound financial advice concerning offshore banking
I'm Australian and watch US Politics very closely. My brother has been living in San Diego for 35yrs and have visited your country many times, again this coming October. This lady should be going for President, amazing knowledge and spoke so well. Extremely intelligent. You have my vote.
She can’t fix everything alone, politician are different Interest Groups
Karmala is questioned
Congrats a vote from a foreigner 😂 I think she will win now
@@goodolsparky9386why not, illegals will be getting ss, Medicare , and a box full of mail in votes. Harris not securing the borders wasn't just because she didn't feel like it.
Dr Ron Paul has been warning us about the Fed since 1971.Guess we should have listened.Too late now.
💯💯
ron paul was the man nobody would listen to
@@junktex Dr. Paul was the presidential candidate that woke me up from the leftist matrix.
@@jacobminden1458 ron Paul had a large following in 2008. He wasn't wrong about policy but many of his followers didn't understand anything. It was trumpism lite. People want to jump on board but they don't know shit.
It is never too late
I know someone who lost their job with Allstate when they sold out to another company. They did not give her her severance pay, and claimed it was because she didn't return signed documents for it. She informed them earlier that they had never given or advised her about anything they needed from her. They had assured her they would get those necessary documents to her. Months of requesting and waiting produced nothing. Then, they told her it was too late, "she had missed the boat." This practice robbed her of thousands of dollars. It was intentional on the part of Allstate.
They no longer care whose lives they ruin (if they ever did).
Allstate sucks. I can agree with that. Had a policy closed once, because they sent only an email that said "we won't be providing monthly billing requests, and you JUST HAVE TO KEEP UP WITH IT."
What a load of horse manure.
Useless job, no wonder the job was cut
@@mudbuffyou are useless.
That sounds fictional. That would be a financial fraud with many remedies.
Former builder here. Always pre-sold everything. Those that built specs die with the birthday project. There has always been a cycle. Got lop sided with bank failures and bail out that everyone else is still paying for. Remember O'Bama's friend that did the bail out? Where is he now? Probably has a protected compound someplace.
We’ve been in a recession since the mid 90’s and never left it. When you spend trillions more than you earn, it’s a recession and soon to be worse. It’s baffling you have people still asking “are we in a recession?”. What planet do they live on?
@@noneofyourbusiness2554 You apparently don’t understand the definition of recession.
The government has to admit it for anyone to believe it lol😂. As long as they say it’s good it’s good
@@acod24 that's so true it's hilarious. Some people really can't think for themselves, and don't even trust their own eyes. 😂😂
@Myheartsease your correct...the new definition of recession is BS And anyone with a brain realized that
The country is screwed but Danielle delivering the bad news makes it easier to swallow..
Stfu seriously. She’s wrong and spreading fear. I am realtor and housing is not crashing. Also we aren’t going into recession anytime soon
John why don’t you move out of usa if you so worried.
@@BB-wm1xu
Because any other similar country is in the same boat. They do exactly what America does. 😳
@BB-wm1xu rose colored glasses? Based on what exactly? 35 trillion debt, plus the cost of everything soaring, and maybe on the brink of global war - I guess you missed the poster's point, it's called humor. Bless your heart
@@WookieLove1did you watch the RCN Trump speech ? He has a plan and mentioned the debt and how to pay it off
Most of use common folk have been talking about this for at least a couple of years now. The media and government ignore it and deny it but we’re living it.
Don't fall for their dirty tricks! Be vigilant, be sober!! We KNOW EXACTLY what's going on!!!!
On purpose. It's par for their course.
We had low interest rate too long that caused inflation
If we all came together and stopped spending things will change but we are not the united States we are the corporations of america
We soon will be at the boarders crossing to get out
It doesn't matter what happens, people will still vote for the establishment. Some sort of self-preservation. It's sickening!
I do not beleive these people are getting re voted in they are installed! Until we go to paper ballots and no machines we will never know who truly wins election!
The bigger the company the worse they are to work for.
Yes, corporations are functionally governments and not businesses. Far fewer businesses now.
@@mikemcglauflin8985 the biggest *publicly traded company. Just so you know, people that work at Koch Industries love it. I live in Wichita, Kansas & know many people that are employed there. It sucks to work for a company that has to please it’s stock holders.
Not true. My wife and I work for Costco and it is an absolutely AMAZING company. Excellent pay and benefits.
@@owenson7969 Only Costco and In n Out burgers. Those two are the exception.
Except if you have worked for Nvidia etc and get bonuses, shares as part of the employment contract and have retired. They are loaded.
What a BS system.
Maybe the open border has something to do with food bank seeing twice the number of participants… hmmm
No one wants to admit that and also people don't make the connection between high rent and illegals. Lots of illegals means all apartments are rented which causes the price to rise.
White Americans are the highest utilizers of social services across the board
@@sadie9527 MORE LIKE GREEDY GOVERNMENT AND CEOS WITH CORRUPT COZY RELATIONSHIP
Because MONEY OR CURRENCY IMMEDIATELY VANISH INTO DEBT THE MOMENT IT'S AVAILABLE ,WHY DECADES OF GREEDY CORPORATE WELFARE CAPITALISM, CEO SELLING OUT AMERICA, MILITARY INDUSTRIAL SCAMMING AMERICA ,OVER SPENDING TO INFINITY, ECT
@@sadie9527 💯
This is a global phenomenon. Not just in America.
And all planned by the global WEF!
But prices here are insane compared to other places!!!!!
Except for Russia
There is no happy ending to the AI story for humans.
But a lot of the world depends on the USA (good and bad).
Not realtors, it's the sellers still thinking we are in a boom
The universe is responding. Too much abuse from elites on earth. This is about to be balanced in an unprecedented historical galactic way 👁️👁️
💫🙌⭐⭐🌟⭐🙌💫
@@AzzekaTheRealOne
Yes
Welcome to the Great Awackening
Todd,
Thanks for bringing Danielle on and asking such great questions.
Thank you for watching 🙏
I rarely eat out. I went to Subway for a footlong, it was $17.50 just for the sandwich. At the cash I was prompted to tip 15, 20 or 25%. I was literally in a daze...
Yeah, it can be $15 plus tax.
What happened to $5 footlongs???
Because MONEY OR CURRENCY IMMEDIATELY VANISH INTO DEBT THE MOMENT IT'S AVAILABLE ,WHY DECADES OF GREEDY CORPORATE WELFARE CAPITALISM, CEO SELLING OUT AMERICA, MILITARY INDUSTRIAL SCAMMING AMERICA ,OVER SPENDING TO INFINITY, ECT
@@JohnRuhlJr-wf1on it's now $15.00 ft long deal.
I bought 1 small piece of fried fish the other day, it was 3.09.
I’m just an everyday construction manager. I’m also not a complete idiot, so I can see the lies that so many report on. Thank you for going against the grain with your interviews and shows to not insult us with “everything is great” when we live on the same planet…and know that it is not. Great guest and can’t wait to hear more from her. 👍
This woman should run for office. Beauty and brains.... Lol. I literally couldn't stop watching her and listening to her. What a sharp woman. Great content... Love this channel.
@@chris-un4rm maga supporter?
They would never allow her because she would tell us the truth of how bad things really are. Wall Street would look down at that.
@@pdales2257 at the end she admitted she’s part of Wall Street. She’s making money through Wall Street just like the rest of maga rich republicans
There was a reason she left. She is too smart to want to do that.. Which leads us to a question. Why would a billionaire want to run? Intelligent? Agree there are many different types of intelligence but .... DAMN. I can only come up with one answer and that would be narcissism. And having a narcissistic leader (no matter what side of the isle they are from) is exactly what America needs (sarcastic)
@@MM-kf3gq basement dweller?
Back in the day the elites still had patriotism and loved America
Trump is the only elite am that loves America and the little guys
Now they’re globalist
Now they love Israel. The whole west, for that matter.
What days are you talking about 😂😂😂
Ya now they are actively trying to destroy the place
One of our friends works a full-time job and drives Uber after work and on his weekends off. Next door neighbor is single father of 2. Lost his full-time job, picked up 2 part-time jobs but couldn't make it. Lost the house and moved back home with parents with his 2 kids. Very sad situation but it is happening all over.
What State are you in? My state is doing just fine!!!
Poor planning
@@MegaOzzy28 do you just not understand what was said or are you mental
"putting off having families because they can't afford it" that hit close to home...
I see the government and celebrities taking a crap on families, especially family values.
I also see a lot of disgusting cheering and advocating for abortion, in fact people are voting based on that one issue. Makes you wonder what the actual intent is.
Indian consumer is in distress. Rich have been pushed to middle class, middle class to poor, and the poor are starving except for 5 kg ration.
Well followed their nightmares, wait till Indian UE hits 50%.
same in australia. it's only happened the last few years too.
The people receiving free 5 kg ration from government has reached 60% of population, while the same government doesn't stop boasting a 6% growth of GDP.
People need to get together and form communities that are less reliant on government and coporations for solutions. The communities serve the people and can help rebuild small businesses to give work to those who live there. We never should have become dependent on corporations for our basic needs and employment, you're seeing the result now.
The millionaire class are now the billionaire class.
Not recession, depression.
Fantastic video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
@@BrookeJayden-g8f Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong. .
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Janet..
Highly recommended🙌
Wow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people
Though I started with as low as $15,000
actually because it was my first time and it was successful, she's a great personality in the state
1970 the average minimum wage worker made the equivalent of 2 ounces of gold per week that’s 8 per month and around 100 per year,today that worker makes less then 1 ounce per month and around 10 per year !
Do not fight your neighbors, you need to fight the broken system and restart anew!
If realestate crashes watch Vanguard, State Street, Black Rock, private equity swoop in buy cheap, the huge buying will escalate prices, and they will rent.
It won’t be long until most have to rent because big corporations own all the properties.
People won't be able to afford them, it's a dump to hurt investors.
@@Youdoneedmyname “you will own nothing and be happy” sound familiar?
No one is talking about this!
This is all about transferring wealth to those already wealthy. It’s called looting.
Hmm i wonder what happened in October 2023? Israel got attacked in October and they quickly sent all the money to israel. That's the hard wall you're talking about hitting the economy.
now you know who is really in charge.
Some of the richest counties in America surround the Washington DC area. Guess whom they’re employed by? 🤔
@@dissident112 Survival does require strategy Mindfulness principles help with viewing experiencing greed glutton leeches blood sucking not only from our own species but other species our viewpoint our emotional regulation sometimes a tiny fish can lead a big fish to eat and be able to survive protection is a challenge a fish without a school is easy prey when a school is under shark attack frenzy feeding the school break up to survive and reorganize quickly and swim fast to get out of danger so be strategic in your daily survival
Sanctioned and legal looting. Achieved through much lobbying...
@@gomariussmith
A study needs to be done of Congress members before and after wealth increase.
Also keep in mind on the price of rent for these apartments. They are making it unaffordable to rent. I live in Utah and it’s becoming very expensive. Just like California. I also work in the concrete industry and noticing that it’s slowing down.
Live in the Salt Lake Valley also. I'm from the Northwest and was talking the other day about how expensive Seattle was when I was in my 20's. Now Salt Lake.
Wait till the over 1 trillon in Credit Card debt that Credit Card Companies are holding hits. Question is will it be a Re or a De pression.
@@scwps23 💯💯
lol usa is gonna be fine everyone on this channel are fear mongering people
Youre in a Depression larger than the Great Depression. Period
At $35 Trillion in national debt America is bankrupt. I think those fools in Congress did it on purpose.
@@hannahkinnear7701 no we aren’t lol
For 1 they sit up there not helping the American people but helping other countries.
A literal boycott of govt… but too many are dependent and religious when it comes to govt.. I’m out! You can stay on the sinking ship, complain about things you can’t control, or just dip and go to where they treat you best
It's part of the design.
They help illegals, foreign nations and their own WEALTH and screw the average citizens.
Not just immigrants, illegal ones, too 😡they don't want to follow are rules and policies 😢
They are not capable to help other countries. They corrupt and destroy other countries for their financial benefit.@@scottdorsey8220
No one talks about the senior citizens. I lived in NYC all my life and just moved to Charlotte, NC. I have never seen so many elderly people working retails jobs here as opposed to in NYC. I am not elderly but am a senior citizen and I think that it is awful how old people seemly to have to work until they die in this county now-a-days. Not to mention that the majority probably don't have the strength to work a full time plus part time job just to make ends meet.
The reason why you aren't seeing the teenagers working is if their mom is on public assistance, the kid's income counts towards the household income. It has a huge impact on her gov benefits.
@@annehaverhals1750 I don’t know because I do see a lot of teens & young adults working but I’ve never seen so many seniors as well. Also depending on their age SS penalizes seniors if they work and collect SS at the same time.
@@reaneeb9836it's so sad
@@reaneeb9836 stupid boomers first they pillage all the wealth on the backs of the future generations and now those that lost
all their retirement money now are taking the young again with their ability to work putting pressure on low skilled jobs.
@@annehaverhals1750That's awful actually. Some of the teens I know work to invest in a Roth and other areas where they can grow their money. Holding back a teen is exactly how one establishes generational poverty.
Thanks for sharing Tod and Daniel! 👍🏾😁
McDonalds is wondering about a name change to McBroke, isn't it?
😆😆😆😂😅
McDonalds is the largest land owner in America…that would be a hard asset! They are fine forever.
Yes MacDonalds owns all their buildings, they don't pay rent and the people still go there to eat their 💩
You are McLame
Danielle is spot on with her analysis. As someone who has been around for a while, I have seen some pretty bad times. Very few people are prepared for what we are potentially facing. My wife and I went to McDonald's yesterday for the first time in a long while. I ordered a plain ice cream and my wife got a hot fudge sundae. The total cost was $7.08, before tax, no sales tax in Delaware. These items are really small. I initially thought they made a mistake and thought I had ordered puppy cups.😮
Just like I said 15 years ago "People will be living 5-15 per household." Instead of getting their own place , all of the young people I know are grouping together to afford housing.
....and the wealthy will have multiple 4000sqft homes....
It’s not the hours worked but the actual pay rate. Wages are too damn low. The bottom 75% need increases. The top 25%, not so much. Too many greedy people at the top. Time to bring back trust busting and unions. I hate to say it but it’s just the truth.
Just said that yesterday, this country needs UNIONS. And im not specifically speaking for myself as I am in a union and im in a field that pays great. But this country needs wage increases to keep up
Yep spot on
CEO’s are looting public companies. Guy who is mentally unstable is running the country. Youth is without jobs while the old farts are still running the country for their greed. USA is now officially a third world country
The clock needs to be reset to pre 1965 in terms of social and economic FREEDOM. * LIVE FREE OR DIE *
@@bonniebluebell5940 no. There’s no going back to anything. History only goes forward. Never backwards.
Wow! You and Danielle Booth are on target. There are so many gems in this interview. The recession & employment data are enlightening.
FEDERAL RESEVE IS NOT FEDERAL N WHEN WAS THE LAST TIME THEY WERE AUDITED
It wasn’t that long ago where a 6 figure salary was considered a good salary, one that you could afford to live on, buy a house etc. Now, many people making six figures are paycheck to paycheck, w the massive increase in food, oil, gas, utilities etc. Raises aren’t keeping up!
Never has
Never will.
Invest in crypto to outpace inflation
At 120k I struggle
Are you kidding me? Most people make one third of that.
I’ve never made more than $50,000/year and have been stuck in this absurd rental market or living with parents because I can never afford a place of my own. I’m almost thirty. I went to college and have always worked 2 jobs….. shouldn’t be happening while millionaires and billionaires make more money on the backs of our hard word.
One company owning 80,000 homes. I don't feel sorry for them.
Envious much?
Term limits and restrict how Congress and high level bureaucrats can invest in the stock market.
Outboard motor sales died 6 months ago, that has always been the indicator of the economy
The reality is that the billionaire class is making millions and the working is paid not even survival wages so we are working more than 2 jobs.
The reason why the Fed will not cut interest rates any time soon, is that the result will be high inflation and the crash of the US dollar. But this situation is likely to occur anyway, given the total US debt coupled with the likely loss of World Reserve Currency status.
I think the fascists think that even with election fraud Trump is now unstoppable - they are going to prolong the bubble long enough to dump the crash on Trump and possibly a Republican congress and Senate so they can win it all back and then some in 2026 and 2028.
Yes, there is no stopping it same here in Ireland
@jamesdonald7485 the irony of course is if they don't cut the rate they crash the economy damned if they do damned if they dont.
Jefferson said it would be our doom moving away from the Gold Standard.
I've been in the landscape industry for 35 years plus been through three droughts and now three recessions I have never seen it this bad the last 4 years heavenly hell and an epidemic covid since then we can't find workers are vendors have gone up approximately 25% and our gas prices have doubled the four years of trump made it a lot easier to hire and cover our expenses.
She's the greatest! When Danielle speaks, I listen!
lol she’s always been wrong lol so your low iq gets lower with this comment
Went on a propane refill run, all the rental equipment was back in the lot, skid steers, lifts, ditch witches etc. 6 months ago the lot was empty. Everything rented out.
My nursing aids are working 2 jobs. EXHAUSTED, so tired 😢