My father was a son of a German farmer. He’s been dead for a while now. He one time said to me that the problem with the people in this country is they don’t know the difference between want and need. I think they’re going to start learning the difference pretty soon.
I cringe in anger every time someone utters the completely inaccurate term of ‘demands’. Most consumption is consumerism. It is engineered and superfluous. Supply can and should be managed and ranked by importance, and demand can and should be managed by need. The mentality of abundance does not correspond with reality. I predict decreasing labour and increasing compensation on the supply side within a framework of industrial policy. And, on the demand side, more retail and public services, and a focus on sufficiency. The goal being qualitative and strategic growth that is stable, secure and sustainable.
@@JuwanBuchanan , Obama tried to convince us of that too, but the Trump economy proved that's not the case, if Government would get out of the way we Americans can show them how much better it can be, I was around during the Carter years and it was no different than now, but Reagan came in and got Government out of the way and released the American spirit, that's why you have Computers and microwave and all the other things that we take for granted now, were not done, we are just being held back!!!
Yes. Create the problem, the offer the final solution. Why else is shop lifting legal in insanely run cities? Or defunding police, or allowing open drug use. They can't be that stupid. It's all planned.
You'll really hear things when people start getting layed off. Imagine being layed off, having no savings, during 12% inflation and gas prices $5.00/gal.
Market declines, soaring inflation, a significant Fed interest rate hike, and rising treasury rates are all expected to result in greater losses for portfolios this quarter. How can I make money now in the erratic market? I'm currently debating whether to sell the million-dollar bond and stock portfolio I have.
Focus on two key objectives. Learn when to sell stocks to minimize losses and maximize gains to start protecting yourself. Second, prepare to make money when the market turns around. I advise speaking with a broker or financial counselor.
Yes, I've been in touch with a financial analyst ever since I covid. Investing in trending companies is relatively easy today; the trick is determining when to purchase and sell. I started with a $300K reserve that was initially dormant; my adviser decides when to enter and exit my portfolio; since then, I have accumulated over a million dollars.
@@Igorstravinsky788 I found Ruth Loralann Brennan on a CNBC interview, and I got in touch with her. She is directing me. She afterwards gave me entry and exit points for the stocks I'm interested in. If you need care supervision, do a web search for her.
I don't know what this guy is talking about...I have been feeling inflation for the past few months. I haven't been able to fill up my truck for less than $100 for a while now. And as a farmer I need my truck...not like I can use a car. I don't need a holiday weekend to know that inflation is slowing killing everyone....
Yes. I also cannot relate to this All American mom’s with apple pie at a cookout caricature. Instead of behaving as a programmable NPC, I actually keep all my neurons fired up and continuously surveil my environment.
This is the first time in my life that I actually consider the cost of gas on whether I take a trip in town or not. I'm not poor, but the times I actually start up my truck have dramatically dropped because most of the time I decide it isn't worth the cost of gas to go somewhere. Same with eating out. I'm sure I'm not alone. This is certain to further damage the economy in the long run.
It's not just you, the economic damage Joe's policy is causing goes way beyond the idiots he has in charge's ability to comprehend! No clue just how the butterfly effect will actually play out!
We haven't eaten out in forever. As for gasoline, my truck has a V6, and it is NOT great on gas mileage. I'd hate to be feeding a V8, much less a diesel.
And declaring how on domestic energy production--making it very hard and expensive to drill and refine our own oil. High energy prices make everything else more expensive.
Never mind all the other nonsense the number one catalyst by far is as you have said, Poeple seem in denial and willing to grant a pass to the politicians responsible .
And no wars and no Americans and allies abandoned in Afghanistan and wide open borders. This administration is lying to us about everything even about who exactly is running our country. As far as I’m concerned we don’t have a sitting President at this time . Joes not mentally capable at all and we see this whenever he reads to us
No American should forget the wisdom of the orange fool-bleach injection for covid. Everything he did and said was a lie. He wanted to be a dictator and overturn American votes to stay in office at any cost including destroying democracy. Chew on that for a while. He said Putin was smart. Remember?
Yeah, those two things haven't changed and are most likely the reason we still have some of the cheapest gas in the free world. Hey, remember when *President Trump bribed the Saudis to cut oil production for 2 years? Yeah. That was cool.
I am a middle class American and I can afford it. It’s all about having savings and living within means. You should be more specific about the group of people you’re referring to. They’re probably those who live from paycheck to paycheck.
@@frankyhonnolus5528 yeah this is now and it may be true but the reality is that a lot of that savings can disappear very quickly when the dollar continues to dilute. Every American feels very comfortable because we have never lived through real inflation that will be on the cusp of hyperinflation. If we get to hyperinflation the middle class including you will be decimated. I'm crossing my fingers and hoping for the best but I have been talking about this for 2 years now and it's starting to become a reality. Don't fool yourself America is not what it once was. Only the very rich will be able to survive hyperinflation.
@@frankyhonnolus5528 Middle Class Americans are hit hard by inflation no matter how much they have saved.The stock market will tank even more and all those savings and living below your means will not help if banks will not allow withdrawals or stocks lose value.Your net worth will tank if the dollar is worthless. Americans have gotten complacent.Our portfolio is diversified but my confidence in Biden and this administration is zero.
@@tomroyse1540 Of course. I am not uber rich so hyperinflation can wipe out all my wealth. But before we get to the extremity I have savings that will last me years and if cash becomes trash I have precious metals for protection. Only thing I am worried about is the civil unrest and/or a war I can’t escape. I still consider myself middle class and prepared. Most people can do the same thing but they have been complacent. Too bad.
the most outrageous thing about this is their utter lack of concern for the country. everything they talk about is how it affects the polls. to hell with the polls, what did they expect?
They care about build back better and whichever social crusade is going on that day. Thank God our federal government has checks and balances to slow the spending
Inflation begins when dollars are printed. Printed dollars are a data input to the CPI. The CPI print is the feedback loop from printed dollars. Keynesians have been trying for decades to print dollars to create inflation-used as a signal to show the stimulus is working. Then before inflation gets entrenched, deflate by destroying printed dollars. The problem here is the Fed didn’t remove the dollars it printed to stimulate. So the higher prices are here to stay for a while. The dollar strength is transitory. You will see a weak dollar once those bonds the fed has on its balance sheet become difficult to sell as higher yielding assets will be more desirable to investors.
I lost everything in the last recession and learned from it. I made sure to live below my means and save every possible dollar. I also invested correctly and diversely instead of buying material things, restaurant meals, and expensive vacations. I've been waiting all these years for the next recession so I can capitalize on irresponsible debt. If this video is correct, it will be a very exciting investment shopping spree for me
Consider the economy as one huge engine that produces the life styles that humans live & prosper & create a healthy financially secure future for their families . Corruption, manipulation , creation of unhealthy political policy & diplomatic environments is a recipe for engine failure. People are equally losing money in the financial market in the midst of all these.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire. Personally I hired ‘’Nicole Ann Sabin’’ a financial advisor who I copy her trades and with a good 7% in ROI monthly.
@@wiebeplatt4749 I wish people can see things from this perspective sooner than later. Things are really going south and everybody is acting cool. How can one reach this advisor?
My family has known real poverty. The kind where u can't put the heat on in the dead of winter. The kind where you rejoice if you find a quarter because you almost have enough to buy off the dollar menu at McDonalds. If inflation is just another Tuesday for you, you haven't really known what it is like to be poor.
Exactly! Also i see people complaining about the gas prices and food prices but they were also complaining about it years back and every few years the same thing buuut those same people arent cutting back on throwing parties or going to concerts or shopping or taking vacations.
@@brandinshaeffer8970 ma’am i really dont like that you’re comparing poorness and suffering cz i can just as easily say uve had it easy and show u real examples of poverty but im not going to. I think the point here is we can all agree that regardless of the degree of struggle for us this inflation is just making us kick our already existing lifestyle of hyper money management and living cheaply up to a whole new level. While others r freaking out for the first time for others its been a way of life. Thats all the person was trying to say.
CNBC people. HOW do you like it now that you shot yourselves in the foot peddling lies for the Communists on the left??? You LOVE your pain don't you!!!
I went out to dinner for my birthday on Monday. The restaurant charged $8.99 to add the salad and soup bar to the menu....and it was maybe 60% filled up. I hadn't been in a sit-down restaurant in six months. My mother went into shock when I got the bill (Frisch's Big Boy) of $54 for the salad bar, meal, dessert, and drink. She reminded me that 1981 was a rough year (I was 6). I told her that Biden makes 1981 look good. It took Trump to get us out of the Obama recession, and it took Reagan to get us out of the Carter recession. And the country will really want to know what happened with the 2020 election and the mail-in ballot fiasco. Multi state, multi-law issues. It will take a Red Tsunami to right this Bidentanic!
Wow... That was a pricey meal. It's the restaurant owner /employees that will suffer in the end because most wont go back for a second round at that cost. If our bright politicians don't fix it soon , Massive job loss/business closures will be next. I go to mickey d's for a sausage biscuit/coffee for 3 bucks couple times a week and that's my treat out. Like you said .... Maybe a red wave will fix it... that's looking like our only hope at this point.
@@millenniumman75 Nice gasligthing. But even for an outsider it is evident that your problem is not one party, it is BOTH parties. In your little timeline you clearly forgot to include that Bill Clinton had curbed the national debt and left office with a budget surplus, that was immediately squandered by the Bush administration. The trademark of a biased person is always the way they overlook their own side´s accountability and responsibility. Don´t be such a person. America´s problems need to be shared by both parties, because both had a hand in creating them.
Yup.. I think US citizens already enjoy consumer price hike triggered from O & G price. This poll guys seems like full filing his contract gov to prolong people feels that they are still in comfort zone. His supposed to wakes up US citizens as much as he can before things get out of control. It's because US economy it's so big that people doesn't realize huge impact will hit them very fast after all the sign has merge & all precautions will be to late.
@@Shaft-Industries yeah, they are traitors and according to our own laws traitors need to be executed... Article III, Section 3, Clause 1: Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort. Our government has been working alongside foreigners to undermine, rob and essentially assault our country, giving them aid and comfort within our lands. These guys have committed treason and must be put to death as per our laws Anyone in the government who doesn't follow that law has protected the traitors, and thus have also committed treason. They too, should be sentenced to death immediately. This includes our own military, the secret service, policemen, everyone protecting the traitors up top. EVERYONE
@@joevarga5982 no, tried to vote for trump but my process was delayed because I’m black and people assumed I was voting for Biden. So if you want to exclude people to I guess you get what you deserve.
Love the non-partisan cut to the chase analysis. Less blaming, more solving. We need younger leadership for this country instead of 70+ year olds in either party.
100% It’s so much finger pointing and people just say “oh well I don’t like the ‘other’ party and the one I do said it is their fault so it must be”. We must be clear eyed if we expect progress and accountability. If politicians know they can just blame “the other guy” then they don’t have to make any changes.
It's always the same with repuglicans, blah blah blah capitalism rulz, de-regulation, too many bureaucrats holding us back, then it screws up and it's governments fault. Two faced filth!
In the the U.K. we are experiencing the same economic pain for the very same reasons as the USA. Shutting down the economy and printing billions upon billions of dollars (pounds in the U.K.) backed up by nothing, along with “going green” is destroying our economies along with many others in the world. I remember reading about the coming inflation and supply chain issues when the lockdowns first started. All predicted and all avoidable.
@@KenmoreChalfant Sources! You dummy! Biden and his cabinet pretty much caused this inflation, printing too much $$$$ into the economy therefore diluting it's buying power.
In ALL of my 81 years, I have never seen this country in our current overall shape!! Never in my wildest dreams did I expect to see our country so divided and with no middle ground!! Never have I seen this level of outright lawlessness with nothing being done to stop it!! I never imagined that our southern borders, there to protect this country literally being destroyed and overrun..I saw this with my own eyes. On that day, I saw about 15 men walking down a railroad track (in south Texas), going north, caring 1 gallon water plastic jugs each and a kind of home made back pack!!!! So, what are we doing to fix any of this stuff??? Nothing!! This administration is as flat as a pancake and absolutely doing nothing constructive it seems!! It is as if they are trying to harm America for some reason, but why?? Absolutely incredible failure!!
Or maybe this is all just a result of factors that are beyond what can be expected of any politician. Let the free market find the solution. The solution will come if it's a financially sound one in the market place. If it doesn't, perhaps it will force everyone to look in a mirror and reexamine the difference between a need and a want.
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@@info781 NO! People have returned to their jobs and they call that job growth, and unemployment low. C'mon, this is not substantial evidence since the whole country was shut down 1-1/2 years ago...
I think the Biden administration looked at the austerity language Carter used back in 1978, and are trying to avoid that. But to be honest, I would take candid sincerity over their current approach. I personally appreciate it when leaders tell me what I need to prepare for. The messaging of "the economy is stronger than ever" just reads like gaslighting to me.
@@pinkcrayon1382 That makes sense, and I agree! I guess the difficult part for me is that it can feel like Main Street America is left out of the conversation when things like that are said. I do recognize that Main Street America is part of the reason why inflation is being targeted by the fed, but I would just appreciate it if our struggles were verbally acknowledged more by decision makers, I guess.
3. Stop printing money. In Weimar Germany, the inflation was so high that the German note was worthless. Took full wheelbarrows to pay for bread loafs. That is one reason why the Nazis gained power. Printing more money does not help the situation at all. Look at Zimbabwe. Stop...Printing...Money. The Federal Reserve won't stop though. Money printer go Brrrt.
Why do i have this feeling that this so called inflation is only affecting the ill informed Americans, I've been reading up on recession and the market, apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mention a 32 year old that made $180k in 5weeks, how do I learn and apply these strategies, my portfolio has been stagnant for months.
Get yourself a FA. Mine is really helplng my portfolio maintain an unwavering and a progressive growth this red season. I’ve had about $ 120 k in proflts since April.
@@hillaryflinch2334 That’s great, your handler must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind shedding more light on this person?
@@cylondon8374 My advisor is DAWN MARIE GATTI found her on Bloomberg where she was featured and reached out to her afterwards. You can look her up online if you care for supervision, just search her name
, sure advisors are outperforming the market and raising good returns but some are charging fees over fees....seeing that their services are in high demand more than ever....Seems more like extortion to me
Cash isn't king at all in this era and I think the best strategy is to start buying in slowly and then gradually increase the peace of buying as the price continues to drop. Don't catch the falling knife, lol. Long term investors know that's the market and economy will recover eventually, and investors should be positioned for such a rebound..
To manage your money and achieve financial freedom. Start investing, that's the only true way to multiply your income and stay rich always. I spent my 30's and 40's investing in stocks and real estate. That's the best thing I did doe myself, recently discovered crypto now and life feels more easier..
trump kept low interest rates and printed money which started all this mess along with PPP fraud, and not to mention Trump is clear and present danger right wing extremist.
You're welcome. Maybe next time you'll take the advice MAGA's gave us about Hillary: "you should have picked somebody else". Perhaps, start with someone that won't send federal agents into cities to use chemical weapons on it's citizens? Like, just remove all those wannabe, illiberal dictators from the hat.
I used to go crazy when it comes to events/holidays. One event, I just lost my interest and didn't do anything or traveled. I was fine. Life moved on. I saved money...I save myself from the stress of packing and having to travel. Instead...stayed home...chilled in our inflatable pool...enjoyed a peace and quiet. 😁
Gas prices here in CA are between 6 and 9 dollars per gallon. I asked my husband if he’d ever thought he’d missed paying $3.89 per gallon...he’s still laughing...
After being in business for more than 40 years I can only give this advice this to turn the tide and avoid the phantom of economic fall down. : A business needs to invest again and over again for the future to come , so does a country on a larger scale meaning : invest in better infracstructure, invest in better schooling education, invest in better basic health care, invest in technological research, make higher education affordable for anyone, it all costs a lot of money but that is all well spent on the long run. US and Europe can no longer compete with China or low paid jobs cqountries and we can't blame the Chinese for working 12 h a day like hell. We can only survive by know how and manufacturing high ingeneered products with patents and protection against copy right like we do in Europe and a ' plain equal field' and honest business with our competeters who steal or copy our research and sell it again at lower prices. The US better be aware to form a massive block with Europe, Canada and other western nations on ' fair trade ' and join all forces and efforts , otherwise China will become the most important economic power in the next years to come ... and will rule the world and tell us what to do and not to do !Economic power goes along with military power and God forbid we ever have a conflict again with China which has become a 'super power' during all these years , we gave away all our jobs and industry to China ... just like the Europeans put trust in Russia ... to supply for gas and oil and now are F**cked up !
This is why we need sound economically progressive policies that are going to direct massive investment in the American middle class. There is so much talent, and so many gifts, that need to be developed throughout our communities, and as previously stated in this video, our government is unable to devise sensible fiscal and monetary policies that are going to get us ahead.
We had the mundial financial crisis in 2008, we had pandemic in 2020 and we managed world wide to overcome. In a civilised society we try not to have beggars on the streets, we help the poor and needed people, avoid conflicts, troubles and settle differences as much as we can,. We are a team together like in the army or in a cycle cross where we try to get every one over the edge instead of letting down who risk to fall behind. That is the real purpose of politics who must also guide economics, because the 'money' does not dissapear at all, it is only poor guided or wrong devided between the 'happy few' that take it for granted and the misfortunate who took the wrong bus, born in the wrong place or got unlucky by health or misfortune or didn't get the same chances ...no matter how hard they tried. If you have only 1000 dollars then you are extremely vulnerable, if you have 50.000 dollars you can easily last longer ..
My grandmother grew up in the jungle homeless and starving since the day she was born. She has been through the French war, China, Japan, and American. She helped a handful of Americans, but hated the French. I know the raw deal of history from her compared to what I learned from school. School history is an absolute joke. They will not teach you how to be successful, only to be groomed to be part of their herd. For 30 years she warned me about China like a mad woman. Told me to be prepared soon before she passed away a few years ago. She calls China the sleeping dragon that has already awaken. It's too late. We now need to hold our ground and ride the wave. Don't make big business decisions; steady cash flow and change your lifestyle. We do not have enough support in a time with so much uncertainty. Lay low for now.
xavier viaene - Invest with WHAT?! We are so far in debt, and so inefficient with your "investments" which we've been doing at a mad pace for decades, not to mention insane policies like NOT going on a wartime basis to severely undercut Russian energy prices and bail out the even more idiotic Euros... You wanna know how these investments really work? There is, or maybe I should say was, a nice pond (almost a small lake) on a local refuge near me. It is visible from and has easy access to a nearby good road w/ plenty of traffic. The fishing there used to be excellent. That pond should be attracting anglers, which generates economic activity and revenue in several ways direct and indirect. But... The pond is gradually disappearing because the spillway is washing out. The refuge won't fix it because while repairs to merely replace what was there (maybe make it a little stronger / more durable) would cost maybe $10k, the studies and reviews and approvals needed to make even a tiny Federal project like this actually happen would cost hundreds of thousands of dollars. That's right, well over 10x the cost to hire some guy with a backhoe and a 'dozer and maybe another guy with a truck to haul some rock fill... would go right back to gov't bureaucrats who'll likely take several years to do their studies and "impact" reviews and finally (maybe) issue their stamp of approval to simply put back what the Refuge biologists and the local (Actually "State") fisheries biologist all agree was working great for decades. You say you've been in business for 40 years -- well, I was too. If you were observant worth 2 cents instead of spewing platitudes you'd see this crap is EVERYWHERE, hobbling both business and even legit gov't activities like my example above. Don't even get me started on transportation projects... This is NOT sustainable, esp. when further abetted by our ever increasing "entitlement" State. The gov't compensates and kicks the can down the road by printing money (also note that the M1 money supply has jumped by an incredible 500%!!!), but even for the USA there is a day of reckoning. It's too late to start building your tornado proof house (at 10x what it should really cost) when the storm is at your back fence.
I can almost guarantee you that the wealthy segment of the US is doing just fine. Someone always makes out during these difficult financial times. Just do some reasearch on past financial dips in the US. You'll see. the Difficulty always hits the rest of society the hardest.
That is exactly what it is designed to do: transfer wealth from the middle and working classes to the wealthy. It is what depressions/recessions have always been engineered for.
True fact. As a middle class I never benefited from the stimulus and now I'm bankrupt and have lost my business in the process and these people have the nerve to ask me when am I getting a cleaning job or a mcdonald job. So the american dream is to force middle class into low class or bankruptcy so they can fuel their corporations with manpower that's left them.
@@DoveDaniels U R correct .... No need to worry about the poor - Blue Team has them right where they want them ... now the Blue Team & the WEF need to divide the Middle class .... that's the next phase in their Global plan
@@DoveDaniels the problem was they were giving stimulus for everyone out there ..they gave it immigrants and the Rick folks.. I know some immigrant friends of mine who got luxury items with the stimulus checks...
Oh, he's saying that you're going to see an explosion of anger about inflation. Not an explosion in the rate of inflation. Though that is very close to happening too.
The 'people' deserve this when they supported mandatory lockdowns, corporate bailouts/stimulus checks throughout the pandemic and afterwards. Let them reap the inflation, corporate tightening, and recession that comes with it.
Printed money creates inflation, Biden is still printing money at full throttle for Bill Back Better. Interest rates have to sit at two percent above inflation to consume the printed money and give it value
With so much uncertainty with the economy, I'm worried about how inflation will cause major layoffs and food shortages. We just purchased a new home, but my salary only increased 3% while inflation is up 8.6%. It doesn't compensate how much gas and food is increasing at an alarming rate. The Biden administration has done nothing to help the American people. Are we going backwards to a great recession?
Lee Sommer It still kinda hard to imagine how life can be difficult to Americans, when we know they can retire and live like kings in Thailand or Bali or Philippines or Mexico.
@@eduardochavacano probably could live well on Mars or Venus too. They can be responsible for THEiR Country, and I’ll be responsible for the Freedoms of this Country, my Country. Freedom has a cost, just depends on whether you are willing to pay it or cower down to the oppressiveness of your respective government. Make no mistake, there are very few people making a power play for the masses. I pray they are unsuccessful.
As a full time realtor . Cut unnecessary expenses such as dinning out , personal services such as hair salons nail salon’s fitness programs . These are now luxuries Americans should consider citing out or cutting down . Food gas utilities will continue to rise and we ALL are feeling the effects of exponentially high prices on goods services all our utilities will continue to rise . Folks cut expenses where you can . I cut out buying cloths unless I need something special . I am shopping sales on All food items and personal items . I cut out social media expenses with the exception of work reLated costs . I’m trying to conserve on my gasoline costs as best as I can . Working in Realestate full time is quite costly especially the wear and tear on my vehicle and gas expenses. I have cut out ordering food online with an occasional delivery once a month . A budget on monthly expenditures helps eliminate careless spending . Purchase only what is needed . Do proper maintenance on your home and try the do it yourself for some services . God Bless you all and please share any cost saving tips you may have . Thank you all and Keep hope !
Great analysis and summary. I'm shocked people are blaming the Russian invasion of Ukraine, though, when we printed and gave away trillions here at home.
Oh it might be because if you look at oil prices, it caused the spike. Clear as day. It also greatly worsened food shortages which will reduce productivity. The free money effect has already been getting reversed by the collapse of stocks and foreign purchasing of the dollar. Crypto alone destroyed over 1 trillion dollars. The dollar is actually extremely strong right now compare to other currencies.
Should have ramped up oil production about 9-10 months ago, instead of cancelling pipelines and leases. The government should have enabled our oil and gas producers to "pull out all stops". A lot of this crisis is self induced and now we suffer.
The Fed + Congress is to blame. 0% Interest & waited too long for massive greed of a 100% run-up in the market. PPP Loans for companies that did not need it. Printing like crazy. Cnbc is always trying to overanalyze the situation when it is so simple.
@@wendyluo-elliott9411 Let your political views get in the way. Whoever would be president, Republican, Democrat, Libertarian couldn't have avoided this. You sound like someone who lost -75% on the Tech Bubble drawdowns. Sorry for your loss, but greed kills.
That is simply not true. These all could have been mitigated. If they did not print that much of money, if Americans learn how to save money for emergencies, if this incompetent administration did not put up their stupid infrastructure bills, if they did not cut the Canada pipeline, if they did not get oil from their so called enemy Russia and instead get petroleum from the United States one of the largest reservoirs. The list can go long and long, stop saying this to fool people if still people continue to be fooled by these incompetent democrats then sooner than later this country is done. Humanity is done
People trying to retire, seniors on a fixed income, young families with insane daycare costs, people with chronic illness, people with lower socioeconomic status…. This is affecting us all. Unless you’re the Jeff Bezos or Elon Musk of the world, we’re all just trying to make ends meet. Like other posters have said, we’re getting by. But not getting ahead. 😔
@@roughhabit9085 ...LOL!!!! Nice try! ....Yes, it's everyone else's fault except the president YOU voted for in 2020. (But, then, he's not running things, is he? Obama hasn't even LEFT Washington D.C. since he stepped down from office in January, 2017. Practically everyone managing Biden were people who came in with Obama. ....Maybe we are actually in third term of the Obama administration.)
We're back to the late 70's-early 80's. The difference was Jimmy Carter was a wonderful person (but hapless president) and our country's social culture was 10 times better than today. Inflation is horrible and many younger people are now seeing what Boomers went through during "the malaise". Our first homes had mortgage rates in the high teens. Small, economical Japanese cars took months to get to dealers after you ordered them. Top dollar too. Now we will look for a Ronald Reagan to save us again.
What the hell are you talking about "fill the grocery cart for the holiday". I'm already living on top ramen noodles and can't fill my gas tank. We're not 13 days from an inflation explosion ITS ALREADY HAPPENED
There's inflation but not because we all have excess money and bought alot of stuff, but because of artificial inflation caused by the supply chain breakdown. You can raise rates to 200 percent and that still won't get energy delivered to the U.S and food put in the grocery stores. This is a global supply chain problem. Go ahead and raise those rates . That will just make the problem worse. Home builders weren't building any more homes than they used to. The lumber and goods used to finish the homes being built have been in short supply because of a breakdown in the supply chain to move the product.. They think the average citizen is awash in money. We're not. During covid alot of people lost their job and recieved two $1,400 stimulus checks which went to pay bills. Inflation probaly will go to 40% because the oil and energy are in short supply because of supply chain problems. China isn't bringing near as much to us so that product isn't even part of the supply chain. 26 food plants in U.S I heard burned down. Because of weather and lack of water, fertilizer and diesel, farmers can't produce near the amount of food they did. Fixing the supply chain and increasing the amount of energy we produce here in the U.S would help bring down inflation. They got it wrong in my humble opinion.
Totally agree. I cannot fathom how some stimulus checks over two years ago amounting to a couple months salary for the poorest Americans (and for which a lot of that money was apparently blown in stocks and cryptocurrencies) would produce this magnitude of inflation.
Most of the problem is the oil markets and it is most because OPEC+ has essentially started WW3 on all of us. Biden is going to the Saudi's because they control OPEC. Iran is off the table due to Trump and his stupidity but clearly, Iran was producing some form of weapon's grade uranium since they are very close to producing a bomb. We should have blasted Maduro in Venezuela a long time ago and got their oil markets back up an running as they could be a huge producer of oil which is why China moved in when the US decided to be a coward. The US has made far too many political mistakes with oil.
They increased the money supply by 50% over the past two years. 1.5x all the money that had ever been printed up until April 2020. Yes the supply chain is an issues, but this was major as well.
Food is already short, and some things have been short since well before Ukraine. The pollster or his subjects seem to be ignorant of the fact that things have been costing a fortune for quite a while. He seems to think no one has filled up their gas tank and won't be buying a full tank until July 4 for some strange reason. People who actually work for a living are having to fill up their tanks all the time.
Yeah, that way they can blame Putin for their insane inflationary policy. Even though inflation has been above 2% since April 2021 or so. And acceleration ever since.
It was turning off domestic oil production, the partial passing of the Build Back Bankrupt bill (Joe Manchin saved us for annihilation), and *quantitative easing* by Jerome Powell and The WAT Grandma, Janet Yellen. Pumping printed money (basically throwing money out) which diminished the value of the dollar. If the JOEjanHorse Administration didn't appear to be so F'ing stupid, I would think that the 2020 election and everything they've done was intentional to bring America to its knees so the Globalist agenda could take hold. THey got their JOEjanHorse as a "gift" into our system, and as America slept, the demonic forces came out from within it to sow discord and destroy our country from within. The shell of a man can't keep up with anything, so he constantly blames Trump.
I guess he's forgotten about how prices started to rise during the beginning of covid and the empty shelves. Prices have been steadily going up since then and a lot faster since Ukraine.
@@woodchuck69 Actually, it wasn't the beginning of Covid. The issue then was people stockpiling - my grocery store went from closing at 1am to 9pm to make sure everything was stocked. People could drive trucks by themselves and not be affected. It was the restaurants and personal services that were affected the most. Those areas didn't recover because of Biden's handouts combined with Obamacare of all things. Obamacare told businesses that they should only hire 28 hour a week or less jobs to avoid having to pay for insurance of the employee. So...businesses either hired at 40-hour pluse at limited capacity or kept their staff at 28 or 24 hours a week.....either or. Nothing in the middle! The full time jobs are harder to come by, and the 28 hour a week jobs *sans insurance* are easier to come by, but nobody wants them. Otherwise, a person would have to get TWO 24-28 hour a week jobs to compensate for the "full timer" to even get insurance on his own. Multiple factors.
It’s only fair. They blamed Trump for everything wrong. Only fair the next guy gets equal treatment. I can’t find anybody that voted for him other than far left loonies and the 75 year old that still think the GOP will stop SS.
I feel like I am a college student again. Peanut butter and jelly. Bologna sandwich. 3 times a week Fixed income and the wife wants a cute Maverick. I am very happy. Only have 2 more payments on the Trax. She is not going to be happy. I told her save up and pay cash for it. She don't want too understand the reality of income vs outcome is not good when outcome wins. As for why? Basically the greenies and processive have been smoking wacky tobacky laced with opium too long. When the money runs out. They will go through a painful sobering up process. Then blame me.
@@katana_3558 when your ev catche son fire and your trapped inside let us know how that works..and you have to replace the battery in 10 years at 15 grand let us know that too..youre exactly what they target.
The " Dollar Store " is now the $1.25 Store. My laundry soap is a third less soap. My high priced health food cookies are half what they just we're. Gas is $6 in Reno. And it's only beginning.
i buy very minimal groceries. Largely just eggs, some meat and fruit. I have seen my grocery costs SKYROCKET. Honestly sometimes its just as cost effective to eat out vs. buying my own groceries.
And another reason why there are no workers at fast food restaurants anymore is because the didn't want full time employees they didn't want to bump for insurance now there ass is paying for it, just think billion dollar corporations are that greedy. Hope all the fast food corporations close their doors for good serves them right.food basically sucks anymore. And Is really bad for your health! And cost them about 2 bucks for your 12 dollar slop!
Who are you kidding??? An explosion of anger over inflation ??? We are in the United States, the sheep will keep their mouth shut, head down and keep saying yes Master to the politicians, PERIOD!!!!
Seems like the solution would be to just copy what I'm doing for July 4th: I'll be relaxing at home with a giant book in my hands drinking a can of soda. You don't have to have a BBQ or go on a cross-country road trip to enjoy yourself and have a good time. Minimalism is good.
Most ppl don't do $#it on holidays. Most ppl don't go out, most don't splurge or eat a very expensive restaurants all the time. This is a stupid example by a media network. Its like they're trying to scare the average Joe so he won't vote for Biden again. If they didn't have some hidden agenda, they'd actually teach us something about the American economy like how incomes have grown so little in comparison to the avg home price, common goods like food and point out how big businesses spend big $$$ on avoiding big taxes. This isn't a single political figure or parties fault. The US has been on this path for DECADES and those w/ their pockets being filled by corporate America try to keep that info away from you!
Most ppl don't do $#it on holidays. Most ppl don't go out, most don't splurge or eat a very expensive restaurants all the time. This is a stupid example by a media network. Its like they're trying to scare the average Joe so he won't vote for Biden again. If they didn't have some hidden agenda, they'd actually teach us something about the American economy like how incomes have grown so little in comparison to the avg home price, common goods like food and point out how big businesses spend big $$$ on avoiding big taxes. This isn't a single political figure or parties fault. The US has been on this path for DECADES and those w/ their pockets being filled by corporate America try to keep that info away from you!
I'm feeling it. I live in North TX and my utility bill essentially doubled from last month. Utilities are up, gas and food are up. Airfare is unaffordable for a family of 4 or larger. My 401 is tanking and I need a new car that I can't get due to supply issues. This is getting very ugly.
@@istheyear-ry1el evidently, can't get the chips for them. Also, some parts. Dealership lots are empty around here. I sold my truck months ago because I was working from home and we didn't need two cars. I now have to go in a couple days a week and could use one.
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No more self serving greedy and incompetent old politicians set on their ways leading this country. Retirement age 67 should be applied especially to politicians.
No age isn’t the problem. It is plan and simple…career politicians. They get in and change rules to make money. Heck they even vote their own wages. Personally I think that is a bunch bull crap. No other employees get to hike their own wages to what they think they should get.
Everyday common folk ask friends and family to bring a dish to the 4th July Barbecue. Also, send a group text to family and to friends collect donations for the food. My family been doing this for years. No financial stress on anyone and we have a good time. I would never spend hundreds in groceries on the 4th to invite people over. Stop trying to impress people who probably in debt.
I did bomb bbq's at my home with a nice pool for years now that our son is grown and moved away no one ever reciprocates the generosity we laid out. I mean we would bbq tons of food corn on the cob w total fun in the sun all 4th of July, labor day and throughout the summer. Here we sit all by ourselves nowadays and other family members have since built pools in their yards. I guess we're just to old or yesterdays garbage who knows ??
@@laurainglis7485 My niece always commented on my bbq pork ribs and loved coming over and I would make her plenty even to take some home and my nephew loved my fried catfish the same. Their father is my brother in law. He built a pool two years ago and has not invited us ever but always posts pictures on Facebook of the bbq's he is having. We are selling our home and moving away and we're not going to tell these ingrates we're leaving. We are really put off w people especially user family members. Wish I could get back a nickle for every dollar I spent entertaining them when they were living in apartments. They are buried up to their necks in dept it won't be long before their broke and wondering why the bank is foreclosing. I think their jealous because I'm dept free and don't have to work who knows what their deal is and I really don't care anymore.
Yup because then they can “fix” the problem and be saviors of the people. No matter anyone’s opinion of our Our founding fathers , they warned us of this. Trust those that have the problem and the cure? Don’t Trust people who can give you anything you want, because they can take it all away.
Actually I think it's important that the 30% of idiots in the US that approve of Biden get a nice "surprise". They are quite obviously a bit too dumb to understand the topics in this video, so let it explode in their face instead and they *might* get it.
I dislike trump as much as the next man, but this admin is many rungs down the ladder. $500 mo more to love per month on avg compared to just s year ago.
Ask not what your country can do for you but what you can do for your country. Before you start blaming the current administration for our economic woes, you need to take a look in the mirror first and ask yourself if you are doing all the right things to help you get through this hump. Are you driving a fuel efficient vehicle? Are you taking advantage of the job opportunities? Are you living within your means? If you answered “yes” to any of these then you’ll be fine. Our economy has always had it’s up’s and down’s; no more so than the last 20yrs. It’s up to you to be the ant or the grasshopper.
It always makes me shake my head when people here in America complain about oppression and lack of freedom. They have obviously NEVER been to other countries around the world to see how good they really have it.
It's NOT the same U.S.A. that I was born into in 1958, being raised by a very patriotic family with 3 uncles who served in the Pacific during WWII. Morality, scruples, ethics, modesty, humility, Good Manners, etc. have all degraded terribly. They would have never tolerated the crap on radio & T.V., or the Orwellian Administration in Washington. Freedom of Speech, the Right to Assemble Peacefully and the rest of our Constitutional Rights have been gutted.
1950’s segregation, racism, black churches being Bombed, presidents being murdered, civil rights leaders being murdered, only white signs at business/ restaurants. Etc. Yup sounds like good morals to me.
@@josecontreras6702 Sounds like you didn't live in those years & you believe Revisionist History. If that's true, you don't know much and are simply being judgemental. The destructive, vandalism of BLM riots & urban 'Black on Black' crime has murdered more people than any jerk-water white supremacist group. Before you point the finger at the "Greatest Generation", make sure your own hands are perfectly clean first. 🇺🇸 😎👍 ☕
Who are you comparing yourselves to? Americans love to compare themselves to countries that are worse off, and then pretend countries that are doing better don't exist.
@@lilblackduc7312 Which constitutional rights have been gutted? Don't just give some half a--ed comment because you are too lazy to expound with concrete details of how you have been afflicted by the abuses of a Democratic president and policy.
Energy pricing is the culprit for most of the rising prices people see. Gas pump prices are a direct result of fossil fuel company manipulation, and could be addressed in no time if oil refineries run at max production levels, but they're held back to increase profits. Don't take my word for this, listen to oil exec interviews for the last 18 mths. Do your own Internet search for data published by the oil industry themselves and Federal and state government reports. They all say that as recently as April and May (weeks ago) 2022, refining capacity is running at only 85-90% of full capacity and less than even max production during the Covid economic slowdown (95% of max during Covid epidemic). There is no reason to be restricting production other than to keep prices high, there is no maintenance shutdowns, and there are no repairs being made. I can't see how the Biden administration can be blamed for oil industry misbehavior other than doing a poor job of publicizing the damning facts and lack of arm twisting. This is just the oil industry in a snit for whatever reasons, without empathy for the pain they are causing the American people. Once can only speculate, but I would suggest that maybe it's because leases have been canceled the oil industry wasn't exploiting and don't need to achieve max production. Maybe it's a silent protest against Transition to Green policy. Whatever the reason might be, high energy prices are going to cause more harm than simply high gas pump prices. Chemical fertilizers to grow crops are made from NG and high costs will be passed on to the Consumer as higher food prices. People will have less to eat and there will be fewer items on grocery store shelves. At least an investigation is warranted, and if necessary some arm twisting to motivate good citizen behavior is needed.
It'll be interesting when they do the yearly cost of a Thanksgiving dinner meal pricing this year...but they'll probably fudge the numbers and not take in account shrinkflation (smaller cans of cranberry sauce), and probably start substituting store brand items in the count rather than "traditional brands" to help punch the numbers down a bit.
We are 13 days after the interview , still nothing happened !! All good markets up! People got July 4th and made normal barbecue , prices are not up since 13 days. Good interview dude
@@robincrowflies you think "the corporations" own the government? right now, the Democrats control the U.S. Government. does that mean "the corporations" OWN the Democrat Party?
I was in the same boat and now my eyes are open. The non stop brainwashing of telling you what to do and how to think soon became obvious the past 3 years especially and now I see all the years before. Now people believe they can even be an it, they, even call themselves a bird and everyone has to believe that’s right and something isn’t wrong and call them sane. Even when over 70%+ regret their transitions down the road. Meanwhile doctors and their industry is making millions off the hormones and the surgeries and the therapy. Too many celebrities adopting and transitioning their kids at a very young age not to see they are towing the line.
All inflation is transitory. When I started working the inflation bout of the early Seventies kicked in and there was a "transitory phase" of about 20 years until prices stabilised.
Prices stabilized later because in the late 80s and early 90s globalization happened and the cost of production shifted to poorer countries in Asia, resulting in reducing prices. It probably won't happen again this time.
@@leezhieng It will happen again this time but instead of production going overseas it will be many of the jobs that can be done remotely. Americans are in for a rude awakening.
When we lived in Canada in the late 60's early 70's , virtually everything was made and came from some where in North America or Mexico ( cheap labour to keep the California agriculture industry going ) and that was the same for the USA . The 70's oil shock effected that but it was not that there was no more oil in the USA . And wages were good on a world basis . Then along came globalisation , all very good ( except for blue collar workers ) until the supplies are disrupted and out of your control .
Cheap labor abroad (the ending of the Cold War peace dividend) enabled the extend & pretend extension of the Boomers’ mega debt bubble. Now we pay the piper and the West will collapse into scorched earth as the Boomers depart. WW2 birthed the Boomer baby boom. WW3 circa 2025 - 2027 will usher them out the exit door.
@@Anonymint-vj7bt Correction , you doom and gloomer . The cold war really had little effect on the west , except in some peoples minds ! The boomers started with little and no debt and have now paid off their debts . Now its you younger folk to show you can do better . Luckily we will not be around to hear your moaning
what's happening now would have happened back in the 90s if wasn't globalization. Globalization delayed the inevitable and saved your ass once, but I don't think it will work for the second time.
@@wishsrdk Ah, the good old Carter years, another fine Democrat that tanked the American economy. Good news for Carter, he will no long be referred to the worst President in American History, that award will go to Biden.
I'm on retirement disability and this last SSI cost of living bump put me $40 over to qualify food stamps. I was able to adjust for the first few months of 2022, but now I eat once a day in the afternoon. I'm comforted very little by the "positive" changes of this administration.
I just had my first "oh wow" moment....something has to give here.. Telling Americans that they need to go green without an affordable alternative in place is just plain stupid.
These things require a national plan. They can be done and improve the economy at the same time, if done correctly. There is no national plan. Their plan is to make huge amounts of money and say it is about going green. The green in their pockets. You make a lot of money when you triple the price of something you sell. These green funds have very little money in alternatives, just lots in fossil fuels and the idea that the price gouging will solve the problem. Again the green funds are about green in the investors pockets, while pitching it as saving the world.
They are collapsing the economy so they can grow the government and implement a welfare police state, The new German reich, Look familiar, wait for the work camps and the mass murder, it's coming if they aren't ge(STOP)o'd!
Welcome to the Biden economy. To all those people who were clamoring for more free government money last year, I told ya this would happen. You got what you asked and voted for, so don't cry about it now.
I blame government - not "The Administration", not one party or another, but the entire machine .. left wing, right wing - they both belong to the same bird. Probably a good number of viewers don't remember the 1980s, when Russia and Ukraine were behind the 'iron curtain' .. we were in no way dependent or influenced by goods coming from that region of the world, and if we have somehow REALLY become so dependent on such a tiny portion of the world economy, then we have some serious problems of a whole other sort.
"Trade between the United States and the Soviet Union averaged about 1 percent of total trade for both countries through the 1970s and 1980s. Soviet-American trade peaked in 1979 at US$4.5 billion, exactly 1 percent of total United States trade."
I have never felt more financially insecure than I do at this moment. I am pretty secured in my job so income is no problem. It is just the increases in prices in everything I need for daily life. I am 5 years from retirement and my erstwhile fabulous 401k is not a shadow of what it used to be. I have to start saving more and spending less. Less expenditure from everyone will only hurt the economy as a whole. No change in November is going to make a difference. Even if the price of gas comes down other prices will not or larger packaging. I still remember when they blamed wall paint prices on gas a few years ago. they never came down. We are screwed.
We are living in the E N D times, the 7year Tribulation with the world leader (Antichrist) is right around the corner, that's GOD'S judgement upon all unbelievers! But there is hope - get saved and be rapture ready: accept JESUS CHRIST as your Lord and Savior today!!! Please study biblical end times prophecy; listen to Dr. Ron Rhodes on end times chronology. Blessings from AB
We don’t have control over prices, but we do have some control on what we spend. The system we live in pushes us to consume, often more than we need, so inflation is a way of telling us to cut back on some of those excesses. As far as investments are concerned, equities have been in an inflationary bubble so markets are correcting those excesses as well. Warnings signs were there, but whenever they’re mentioned everyone just shoots them down. It’s hard to feel sympathetic. However, we aren’t totally “screwed”, as the ship always rights itself, eventually.
Wait! Did he say no matter who you are you're impacted by it. I wonder how much of an impact it is to him as he sits there in his mansion!? Look at that place.
It almost looks like it might be a GreenScreen filter...and it's tasteless either way. I can't stand up in my kitchen because I'm homeless living in a vehicle. I'd love to have my own bathroom, too.
It's all by design and that's why they know. Purposely targeting the poor and therefore colored folks. It'll backfire on them, even all the way to there Germanic homelands. #enough
Expect no help from Biden. He's not cutting the fiscal budget and the Fed is not shrinking the balance sheet necessary to cure inflation. We all know talk is cheap.
I pray whoever reads this should become successful. keep I for success. the rich stay rich by spending like the poor and investing why the poor stay poor and be spending ike... Read more
Not everyone goes on vacations. Many folks just stay home and keep it local. Why some even have made some preparations for such a scenario! Imagine that…
i can sit at home and watch a 2 hour travel video of a guy on vacation with his go pro camera and watch his videos..i didnt have to hop on a plane and spend. $10,000 to see the same thing he paid for, i saw it for free on youtube..
That's because the time for plausible ideas was back at the 2008 Financial Crisis. Instead Bernanke's idea was to pretend the debt didn't exist and hide it on the Fed's balance sheet rather than letting the western world sort it out the right way with bankruptcies and haircuts for bondholders. Instead we just made the problem orders of magnitude worse. Now when it's all finally imploding, nobody has any idea what to do- because there's nothing that can be done. Probability is the Fed raises another 50-75bps but inflation will keep rising, the bond yield is still about negative 6% ini real terms. So we now have stagflation, which will roll into an inflationary depression. Employment will crater, those living on tech and service jobs based on cheap money will lose their gravy -train, the day trader will need jobs, the retired won't have anything to live on as their aggressive stock portfolios and even bonds will be smashed, so they'll need jobs too. Then the Fed will panic with a spike in unemployment, have to talk down inflation and focus on the employment mandate, so they'll reverse course again, QE/print like crazy to try to save the system but end up killing the dollar and the reserve currency status with it. So you'll have China and Russia's new currency based trading bloc, the EU and Japan collapsing under the weight of their mess, Middle Eastern oil nations demanding payment in gold or yuan, Belt and Road countries starting to do OK using the new eYuan or whatever they call it and trillions in foreign dollar reserves will come flooding back adding to inflation. Some of us have been screaming this non stop for 14 years, but too late now.
Precisely. Just whining. This is what incites anger in consumers and voters. USA voters are at each other's throats. They want blood. Even if it's the blood of someone innocent. They really don't care, they just wanna see someone bleed.
Unfortunately, the Right is only offering up Trump feces as an alternative, so that puts a ceiling on how well the Rs could do........without the Trump albatross, and without the trash candidates he's picked, the Rs should be able to get to 56 senate seats and the House majority.......as is, 52 is probably as good as you can hope for, maybe 53.
It would be great if someone other than a democrat or republican could win, because both sides seem to be absolutely terrible and corrupt in the modern day. But of course, we all know a third party candidate will never win..
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what's to be expected when you shut down the whole economy for year+ (how many small businesses died from that?) and print trillions of "free" dollars? Paying people not to work, making them entitled and lazy? Or opposing/slowing oil production locally in the US. That's nice that you want to be green, but it's stupid and unrealistic to think we can switch from oil to electric in an instance, just because, what? You want/think things ought to be a different way? Uh, you do know Tesla, a cutting edge company of 90k+ employees, took like a decade+ just to create that EV technology, make it popular, and feasible? All the while almost going bankrupt several times. The tech is still a wip, it needs to be a lot cheaper to reach mainstream use. But that involved several what, 100,000's of man hours from some of the smartest people to get to the point where we are today. It's childish to think otherwise, technology does not just come out of thin air. It's going to take several more years, maybe decades, for green technology to mature and become viable to the point of replacing oil, slowing oil down now is just making people suffer needlessly. You can cry all you what about the environment, that doesn't change that it takes real time and dang hard effort to grow the technology. If you really want change, then BE the change in the world. Don't be entitled and complain to others to do the work for you. You learn and aid the tech, or work in the capacity you can, and send money to the corporations / causes you support. Being a Karen to social media or to the govt to do it all for you isn't internally providing actual value or helping. If the govt keeps printing "free" money, things will get worse. We're turning towards socialism, we'll all be equal, sure, equally broke and impoverished. Except perhaps some of the people at the top. But hey, corruption isn't new. Any human institute will have corruption in some form. Capitalism as a system at least allows the average person to better their situation through hard work and effort. Socialism discourages innovation and encourages laziness. Why work hard or extra if everyone, including everyone slacking off and living in their parents basement and playing videogames and watching videos all day, gets the same thing? The smarter choice would be to be lazy. Unfortunately this results in the breakdown of society. Food, electricity, clothes, goods, clean water and water treatment, doesn't magically come out of nowhere. Someone has to work to produce it. No one will work if there's no incentive, or worse, if there's incentive to not work. There are several videos on it. See any video by a self made millionaire. Their advice will be the same, don't wait for free handouts, take control of your time, goals, habits, go put in the work and make something of yourself. Find a heavy load and lift it, clean your room. Wake up early. Keep going even if people around you can't see it, or even if they discourage you. Live like no one else today, so you can live like no one else later. Get a budget, get out of debt, stop spending more than you make. Ultimately no one else can make these decisions for you, but you.
The world will be nearly out of fossil fuels by 2050 with the rate we are using them and that's with Biden doing everything in his power to reduce fossil fuels. We either suffer now and try to switch before it's too late, or run out of fossil fuels before we even have the option to switch. Going green isn't just for the environment, it's so that we can actually still have power and not go back into the dark ages in 30 years when we run out of fossil fuels.
@@Kiernangaming Fossil fuels could disappear tomorrow, that wouldn't change the fact that the technology /infrastructure is not there yet, and we can't just switch to electric on a dime just bc we wish to. The tech isn't there yet, the cheapest quality elec cars are out of budget for most people (~$40k?) and can't yet be produced cheaply enough. Battery materials and etc are in low supply and not adequate to replace all ice cars at this time even if we had the tech/money to do it. [Though... perhaps we could make something feasible if we could somehow erase all cars and change the car standards from big and clunky (weighing x thousand pounds) to all using go carts or something]. You'd certainly get better gas mileage. That would be a large scale effort though. Might change the speed limits. We already have motorcycles, tho of course one accident and you have high likelihood it seems to be dead/disabled so there's clear disadvantages. Unsure if there's a reason cars are as big/heavy as they are, might be the best we have tech wise, might be the best for safety reasons, not really sure. I'm not saying don't take action, I'm saying be realistic about the timeline and don't expect the world to change overnight. Just throwing money around won't necessarily help either, since it's a tech problem. It takes talented engineers and time to solve these very very complex issues. There might be a limit and some of the issues might be unsolvable. That said, if it is solvable, it's more likely a thing that has to take 5-10-15+ years before it could happen. Also if Biden's goal is to be green, maybe invite Tesla to the White House EV summit next time and honor and esteem them then rather than pretending they haven't led the way these past several years in making EV's popular and putting it on people's radars, making it trendy, desirable, and more feasible technology-wise
We have become weak with no discipline, stay at home, cut back. Refuse to pay what they ask. We all could easily cut back on everything. Don't complain when you are eating 3 times a day, traveling and living in excess!
Carter refused to invade Iran. How did the other middle eastern invasions work out? And Carter is still excoriated for not invading Iran. Just goes to show you what a great statesmen he was. Also, this is an economic channel. Carter appointed Volcker to the Fed. And to this day, people think Reagan did. Reagan's appointment to the Fed was Greenspan.
Just an example, Avocado in Costco came from $6-7/bag less than a year ago to $12-13 now. How much contribution to inflation comes from US foreign polices, such as disruption of supply chains and sanction against these and those countries? I feel it is substantial.
I stopped buying avocados a month ago. They were $2 each at Trader Joe's. An ear of corn is $ 0.69, used to be $ 0.25. Too much corn going into ethanol.
Haha my wife and I were walking through Costco just a couple days ago and were absolutely mind blown at the cost of avocados LOL. Sure, I love an avocado just as much as the next guy but there's no way in hell I'm buying them at that price. Let's see, add $12 to my Roth 401k or pay an extra $12 toward my principal on my mortgage or eat some avocados? Haha, people waste so much money it's their own dang fault that they're broke.
The headline caught my eye otherwise I won't watch CNBC -I can read a RSI and MSCD chart as good as you can. This pole seems to make sense. So long CNBC I won't be back for a year or so....
Going to a grocery store now is insane. You definetly notice the high prices of food now. Forget about going to whole foods or nice organic stores. You use your car sparingly now and do not go out of town. How do they think we Americans deserve this? It does not impact them. This is exactly why people go and retire or live in third world countries which is a much better way of life. I was in Ecuador for 8 years. I have no idea why I returned now.
My father was a son of a German farmer. He’s been dead for a while now. He one time said to me that the problem with the people in this country is they don’t know the difference between want and need. I think they’re going to start learning the difference pretty soon.
Americans have had it good for way too long in comparison to the rest of the world but the party is over
I cringe in anger every time someone utters the completely inaccurate term of ‘demands’. Most consumption is consumerism. It is engineered and superfluous. Supply can and should be managed and ranked by importance, and demand can and should be managed by need. The mentality of abundance does not correspond with reality. I predict decreasing labour and increasing compensation on the supply side within a framework of industrial policy. And, on the demand side, more retail and public services, and a focus on sufficiency. The goal being qualitative and strategic growth that is stable, secure and sustainable.
"i will take on mountains of credit card debt before i learn this!" - the average American
@@JuwanBuchanan , Obama tried to convince us of that too, but the Trump economy proved that's not the case, if Government would get out of the way we Americans can show them how much better it can be, I was around during the Carter years and it was no different than now, but Reagan came in and got Government out of the way and released the American spirit, that's why you have Computers and microwave and all the other things that we take for granted now, were not done, we are just being held back!!!
I agree...America doesn't just want Biden gone...They NEED Biden gone.
We will only escape all of these problems when people start admitting and realizing that it was all done intentionally.
sounds like a big nose problem
@@washnon you can say zionists
Yes. Create the problem, the offer the final solution. Why else is shop lifting legal in insanely run cities? Or defunding police, or allowing open drug use. They can't be that stupid. It's all planned.
The purposely crash they market regularly to make themselves super rich.
@@cvcoco some know but many still believe the mainstream narrative .
You'll really hear things when people start getting layed off. Imagine being layed off, having no savings, during 12% inflation and gas prices $5.00/gal.
Damn you are lucky gas price today in sfo is 9$ for regular premium 10.45 😳
they voted for it.
A 5 dollar girl sounds pretty deflationary to me.
“ A fool is known by his speech, and a wise man by silence.” (Biden 🖕🏿:-)
CVS just started massive layoffs but sssshhhhhh
Market declines, soaring inflation, a significant Fed interest rate hike, and rising treasury rates are all expected to result in greater losses for portfolios this quarter. How can I make money now in the erratic market? I'm currently debating whether to sell the million-dollar bond and stock portfolio I have.
Focus on two key objectives. Learn when to sell stocks to minimize losses and maximize gains to start protecting yourself. Second, prepare to make money when the market turns around. I advise speaking with a broker or financial counselor.
Yes, I've been in touch with a financial analyst ever since I covid. Investing in trending companies is relatively easy today; the trick is determining when to purchase and sell. I started with a $300K reserve that was initially dormant; my adviser decides when to enter and exit my portfolio; since then, I have accumulated over a million dollars.
@@harod033 Can you leave your investment advisor's contact information here? I absolutely must have one.
@@Igorstravinsky788 I found Ruth Loralann Brennan on a CNBC interview, and I got in touch with her. She is directing me. She afterwards gave me entry and exit points for the stocks I'm interested in. If you need care supervision, do a web search for her.
@@harod033 Insightful... I was curious after reading what you shared, so I Googled her name. I came across her webpage.
I don't know what this guy is talking about...I have been feeling inflation for the past few months. I haven't been able to fill up my truck for less than $100 for a while now. And as a farmer I need my truck...not like I can use a car. I don't need a holiday weekend to know that inflation is slowing killing everyone....
Yes. I also cannot relate to this All American mom’s with apple pie at a cookout caricature. Instead of behaving as a programmable NPC, I actually keep all my neurons fired up and continuously surveil my environment.
Been feeling inflation for years, finally starting to peak tho
@@benjamin07420 Been feeling it since 1/21.
very well put!
Bow Hunter - thank you for all you do as a farmer! You are appreciated!
This is the first time in my life that I actually consider the cost of gas on whether I take a trip in town or not. I'm not poor, but the times I actually start up my truck have dramatically dropped because most of the time I decide it isn't worth the cost of gas to go somewhere. Same with eating out. I'm sure I'm not alone. This is certain to further damage the economy in the long run.
I’m in the same boat my friend, crazy times.
My family of four doesn’t eat out anymore. It’s not worth it.
It's not just you, the economic damage Joe's policy is causing goes way beyond the idiots he has in charge's ability to comprehend! No clue just how the butterfly effect will actually play out!
thats what you get for voting for Biden
We haven't eaten out in forever. As for gasoline, my truck has a V6, and it is NOT great on gas mileage. I'd hate to be feeding a V8, much less a diesel.
Who knew shutting down the entire country for two years and printing trillions of dollars would have a negative impact...
Who knew?
And declaring how on domestic energy production--making it very hard and expensive to drill and refine our own oil. High energy prices make everything else more expensive.
True 🙄
I did. But I’m a nobody American Citizen with savings in the bank. 😳😁
Never mind all the other nonsense the number one catalyst by far is as you have said, Poeple seem in denial and willing to grant a pass to the politicians responsible .
*NO American* should ever forget that we were essentially both energy independent *_and_* a net energy exporter just 18 months ago..... 😎
And no wars and no Americans and allies abandoned in Afghanistan and wide open borders. This administration is lying to us about everything even about who exactly is running our country. As far as I’m concerned we don’t have a sitting President at this time . Joes not mentally capable at all and we see this whenever he reads to us
No American should forget the wisdom of the orange fool-bleach injection for covid. Everything he did and said was a lie. He wanted to be a dictator and overturn American votes to stay in office at any cost including destroying democracy. Chew on that for a while. He said Putin was smart. Remember?
how dare you speak of FACTS in 2022 ;)
We still are, but it's a global energy market - oil prices went negative under Trump, remember? Do you know why?
Yeah, those two things haven't changed and are most likely the reason we still have some of the cheapest gas in the free world. Hey, remember when *President Trump bribed the Saudis to cut oil production for 2 years? Yeah. That was cool.
Pretty sure any Middle class American already knows they can't afford higher prices.
Like... seriously. 4th of July won't be any different.
I am a middle class American and I can afford it. It’s all about having savings and living within means. You should be more specific about the group of people you’re referring to. They’re probably those who live from paycheck to paycheck.
@@frankyhonnolus5528 yeah this is now and it may be true but the reality is that a lot of that savings can disappear very quickly when the dollar continues to dilute. Every American feels very comfortable because we have never lived through real inflation that will be on the cusp of hyperinflation. If we get to hyperinflation the middle class including you will be decimated. I'm crossing my fingers and hoping for the best but I have been talking about this for 2 years now and it's starting to become a reality. Don't fool yourself America is not what it once was. Only the very rich will be able to survive hyperinflation.
@@frankyhonnolus5528 Middle Class Americans are hit hard by inflation no matter how much they have saved.The stock market will tank even more and all those savings and living below your means will not help if banks will not allow withdrawals or stocks lose value.Your net worth will tank if the dollar is worthless. Americans have gotten complacent.Our portfolio is diversified but my confidence in Biden and this administration is zero.
@@frankyhonnolus5528 75% of Americans are living paycheck to paycheck!
@@tomroyse1540 Of course. I am not uber rich so hyperinflation can wipe out all my wealth. But before we get to the extremity I have savings that will last me years and if cash becomes trash I have precious metals for protection. Only thing I am worried about is the civil unrest and/or a war I can’t escape. I still consider myself middle class and prepared. Most people can do the same thing but they have been complacent. Too bad.
the most outrageous thing about this is their utter lack of concern for the country. everything they talk about is how it affects the polls. to hell with the polls, what did they expect?
They care about build back better and whichever social crusade is going on that day. Thank God our federal government has checks and balances to slow the spending
Biden doesn't care about poll #'s. He knows he is a one tern president
Did you want them to ramp up their sincerity? Well let me tell you, sincerity is highly overrated.
Inflation is global. Wake up, Dummies.
@@WD00777 oh really? I haven't ever seen slow spending federal govt.
What most people don’t realize is that all this is DONE ON PURPOSE.
Enough of the tin foil hat conspiracies. Just take a look at history. The world has seen many periods of war and peace and feast and famine.
YES IT IS!!!
yep
why
My eyes opened a long time ago. Unfortunately the majority are still asleep.
Inflation begins when dollars are printed. Printed dollars are a data input to the CPI. The CPI print is the feedback loop from printed dollars. Keynesians have been trying for decades to print dollars to create inflation-used as a signal to show the stimulus is working. Then before inflation gets entrenched, deflate by destroying printed dollars. The problem here is the Fed didn’t remove the dollars it printed to stimulate. So the higher prices are here to stay for a while. The dollar strength is transitory. You will see a weak dollar once those bonds the fed has on its balance sheet become difficult to sell as higher yielding assets will be more desirable to investors.
I lost everything in the last recession and learned from it. I made sure to live below my means and save every possible dollar. I also invested correctly and diversely instead of buying material things, restaurant meals, and expensive vacations. I've been waiting all these years for the next recession so I can capitalize on irresponsible debt. If this video is correct, it will be a very exciting investment shopping spree for me
Consider the economy as one huge engine that produces the life styles that humans live & prosper & create a healthy financially secure future for their families . Corruption, manipulation , creation of unhealthy political policy & diplomatic environments is a recipe for engine failure. People are equally losing money in the financial market in the midst of all these.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire. Personally I hired ‘’Nicole Ann Sabin’’ a financial advisor who I copy her trades and with a good 7% in ROI monthly.
@@wiebeplatt4749 I wish people can see things from this perspective sooner than later. Things are really going south and everybody is acting cool. How can one reach this advisor?
@@PhilipMurray251 Look her up on the web if you need guidance. People do not want to wake up to the reality.
been poor for a long time, this feeling isn't new. not a crises for me, just another tuesday.
🤣🤣🤣🤣🤣
My family has known real poverty. The kind where u can't put the heat on in the dead of winter. The kind where you rejoice if you find a quarter because you almost have enough to buy off the dollar menu at McDonalds. If inflation is just another Tuesday for you, you haven't really known what it is like to be poor.
Exactly! Also i see people complaining about the gas prices and food prices but they were also complaining about it years back and every few years the same thing buuut those same people arent cutting back on throwing parties or going to concerts or shopping or taking vacations.
@@brandinshaeffer8970 ma’am i really dont like that you’re comparing poorness and suffering cz i can just as easily say uve had it easy and show u real examples of poverty but im not going to.
I think the point here is we can all agree that regardless of the degree of struggle for us this inflation is just making us kick our already existing lifestyle of hyper money management and living cheaply up to a whole new level. While others r freaking out for the first time for others its been a way of life. Thats all the person was trying to say.
CNBC people. HOW do you like it now that you shot yourselves in the foot peddling lies for the Communists on the left??? You LOVE your pain don't you!!!
I don't think folks have to wait till the forth of July to figure out it's costing them a lot more money to fuel up and buy food.
The US has lost its appeal, it used to have cheap housing, cheap food, cheap gas, cheap cars and low taxes among developed nations
I went out to dinner for my birthday on Monday. The restaurant charged $8.99 to add the salad and soup bar to the menu....and it was maybe 60% filled up. I hadn't been in a sit-down restaurant in six months. My mother went into shock when I got the bill (Frisch's Big Boy) of $54 for the salad bar, meal, dessert, and drink. She reminded me that 1981 was a rough year (I was 6). I told her that Biden makes 1981 look good. It took Trump to get us out of the Obama recession, and it took Reagan to get us out of the Carter recession. And the country will really want to know what happened with the 2020 election and the mail-in ballot fiasco. Multi state, multi-law issues. It will take a Red Tsunami to right this Bidentanic!
Wow... That was a pricey meal. It's the restaurant owner /employees that will suffer in the end because most wont go back for a second round at that cost. If our bright politicians don't fix it soon , Massive job loss/business closures will be next. I go to mickey d's for a sausage biscuit/coffee for 3 bucks couple times a week and that's my treat out. Like you said .... Maybe a red wave will fix it... that's looking like our only hope at this point.
@@millenniumman75 Nice gasligthing. But even for an outsider it is evident that your problem is not one party, it is BOTH parties. In your little timeline you clearly forgot to include that Bill Clinton had curbed the national debt and left office with a budget surplus, that was immediately squandered by the Bush administration.
The trademark of a biased person is always the way they overlook their own side´s accountability and responsibility. Don´t be such a person. America´s problems need to be shared by both parties, because both had a hand in creating them.
Yup.. I think US citizens already enjoy consumer price hike triggered from O & G price. This poll guys seems like full filing his contract gov to prolong people feels that they are still in comfort zone.
His supposed to wakes up US citizens as much as he can before things get out of control. It's because US economy it's so big that people doesn't realize huge impact will hit them very fast after all the sign has merge & all precautions will be to late.
The most dangerous aspect of our current situation is the incompetence of our entire government.
Our government hasn't been competent in the last 2yrs that I'm aware of? 🤡 "Let's go, Brandon".
Planned
They know exactly what they're doing. This is NOT by accident or stupidity. All planned.
@@Shaft-Industries yeah, they are traitors and according to our own laws traitors need to be executed...
Article III, Section 3, Clause 1: Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort.
Our government has been working alongside foreigners to undermine, rob and essentially assault our country, giving them aid and comfort within our lands. These guys have committed treason and must be put to death as per our laws
Anyone in the government who doesn't follow that law has protected the traitors, and thus have also committed treason. They too, should be sentenced to death immediately. This includes our own military, the secret service, policemen, everyone protecting the traitors up top. EVERYONE
Mostly, I think, by the stupidity of the people. But it isn't all our fault--we are brainwashed at every turn from infancy onward.
We don’t have to wait thirteen days. We’re already feeling it!
Did you vote for Joe Biden?
Hi
@@joevarga5982 no, tried to vote for trump but my process was delayed because I’m black and people assumed I was voting for Biden. So if you want to exclude people to I guess you get what you deserve.
@@purplegirl8036 Why are you answering a question meant for "Somebody's Grandma"?
Love the non-partisan cut to the chase analysis.
Less blaming, more solving. We need younger leadership for this country instead of 70+ year olds in either party.
100%
It’s so much finger pointing and people just say “oh well I don’t like the ‘other’ party and the one I do said it is their fault so it must be”. We must be clear eyed if we expect progress and accountability. If politicians know they can just blame “the other guy” then they don’t have to make any changes.
I'm not so sure that's a hot idea, people like AoC are a prime example of how younger politicians are nothing more than entitled demagogues.
It's always the same with repuglicans, blah blah blah capitalism rulz, de-regulation, too many bureaucrats holding us back, then it screws up and it's governments fault. Two faced filth!
I agree. I’m from CA. I don’t know how Feinstein is still in the Senate. No one ran again at her in 2020. We need new blood.
@@MexicanWorkEthic How is Pelosi still in the senate? Cali is a homeless ridden, over taxed dump.
In the the U.K. we are experiencing the same economic pain for the very same reasons as the USA. Shutting down the economy and printing billions upon billions of dollars (pounds in the U.K.) backed up by nothing, along with “going green” is destroying our economies along with many others in the world. I remember reading about the coming inflation and supply chain issues when the lockdowns first started. All predicted and all avoidable.
Well many of us, foresaw how crap was going to hit the fan
Idk if it was avoidable
Most Americans have never experienced significant inflation. They got exactly what they voted for.
Hello Melanie how are you doing today.
Please explain how Biden being president and the current economy are in any way related. Sources?
I didnt vote for this loser who spent 35 years doing nothing but living off taxpayers
@@KenmoreChalfant Sources! You dummy! Biden and his cabinet pretty much caused this inflation, printing too much $$$$ into the economy therefore diluting it's buying power.
@@KenmoreChalfant it’s not….I’m a trump guy but that Jew kisser printed 4.5 trillion.
In ALL of my 81 years, I have never seen this country in our current overall shape!! Never in my wildest dreams did I expect to see our country so divided and with no middle ground!! Never have I seen this level of outright lawlessness with nothing being done to stop it!! I never imagined that our southern borders, there to protect this country literally being destroyed and overrun..I saw this with my own eyes. On that day, I saw about 15 men walking down a railroad track (in south Texas), going north, caring 1 gallon water plastic jugs each and a kind of home made back pack!!!! So, what are we doing to fix any of this stuff??? Nothing!! This administration is as flat as a pancake and absolutely doing nothing constructive it seems!! It is as if they are trying to harm America for some reason, but why?? Absolutely incredible failure!!
Well said, Captain.
Or maybe this is all just a result of factors that are beyond what can be expected of any politician. Let the free market find the solution. The solution will come if it's a financially sound one in the market place. If it doesn't, perhaps it will force everyone to look in a mirror and reexamine the difference between a need and a want.
@@tempest411 People need to eat a slice of humble pie, the longer they wait the worse it will taste.
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I feel the administration want this to happen.
Everyone remain calm. I just watched JB, he assured me the economy is booming.
Oh, thank goodness! I must have been dreaming thinking I had way more money under Trump. Awesome job, Biden!!
Unemployment is at a all time low, the problem is the economy is booming too much.
@@shatteredanis1592 The price of houses has doubled under biden , not great if you are renting but many owners have won the house lottery under Biden.
@@info781 NO! People have returned to their jobs and they call that job growth, and unemployment low. C'mon, this is not substantial evidence since the whole country was shut down 1-1/2 years ago...
Yes, wait long enough and things will be getting better - PROBABLY AFTER BIDEN DIES!!!!
I think the Biden administration looked at the austerity language Carter used back in 1978, and are trying to avoid that. But to be honest, I would take candid sincerity over their current approach. I personally appreciate it when leaders tell me what I need to prepare for. The messaging of "the economy is stronger than ever" just reads like gaslighting to me.
yep
@@pinkcrayon1382 the economy is not even close to strong mr out of touch and Biden is directly responsible!
@@pinkcrayon1382 That makes sense, and I agree! I guess the difficult part for me is that it can feel like Main Street America is left out of the conversation when things like that are said. I do recognize that Main Street America is part of the reason why inflation is being targeted by the fed, but I would just appreciate it if our struggles were verbally acknowledged more by decision makers, I guess.
@@jacoboros9647 they dont give a F...destroying the middle class has long been a goal of those in power
Biden is the spitting image of Carter. Rumor has it at age 33 Biden was the first sitting congressman to endorse Carter for president lol
1. stop printing press
2. cut government spending
that’s what has solved inflation in other countries in the past.
Shoosh! Hahaha now they're telling the imbeciles that deregulation makes prices go up! Hahahaha and they believe it.
You are making too much sense the clowns in the Whitehouse would have to become adults to understand this
The problem is that we would default on our debt. It's not an actual solution
don't forget gov't over regulation...time to cut reg's
3. Stop printing money. In Weimar Germany, the inflation was so high that the German note was worthless. Took full wheelbarrows to pay for bread loafs. That is one reason why the Nazis gained power. Printing more money does not help the situation at all. Look at Zimbabwe. Stop...Printing...Money. The Federal Reserve won't stop though. Money printer go Brrrt.
Why do i have this feeling that this so called inflation is only affecting the ill informed Americans, I've been reading up on recession and the market, apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mention a 32 year old that made $180k in 5weeks, how do I learn and apply these strategies, my portfolio has been stagnant for months.
To successfully take advantage of the present market opportunities, you'd have to be a market pro or have one guiding you.
Get yourself a FA. Mine is really helplng my portfolio maintain an unwavering and a progressive growth this red season. I’ve had about $ 120 k in proflts since April.
@@hillaryflinch2334 That’s great, your handler must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind shedding more light on this person?
@@cylondon8374 My advisor is DAWN MARIE GATTI found her on Bloomberg where she was featured and reached out to her afterwards. You can look her up online if you care for supervision, just search her name
, sure advisors are outperforming the market and raising good returns but some are charging fees over fees....seeing that their services are in high demand more than ever....Seems more like extortion to me
Sadly this economic crisis means more inflation and more inflation affects the banking system. My condolences to anyone retiring this year..
Cash isn't king at all in this era and I think the best strategy is to start buying in slowly and then gradually increase the peace of buying as the price continues to drop. Don't catch the falling knife, lol. Long term investors know that's the market and economy will recover eventually, and investors should be positioned for such a rebound..
To manage your money and achieve financial freedom. Start investing, that's the only true way to multiply your income and stay rich always. I spent my 30's and 40's investing in stocks and real estate. That's the best thing I did doe myself, recently discovered crypto now and life feels more easier..
+1
Her What's Apk Messenger👆👆.....
BITCOIN AT $20,000 😳😳 ISN’T THIS THE PERIOD TO INVEST?
Nice going Joe Biden voters! We have a great economy now and no more mean tweets!
Biden's supporters emotions before facts.
trump kept low interest rates and printed money which started all this mess along with PPP fraud, and not to mention Trump is clear and present danger right wing extremist.
😢
How ironic
You're welcome. Maybe next time you'll take the advice MAGA's gave us about Hillary: "you should have picked somebody else".
Perhaps, start with someone that won't send federal agents into cities to use chemical weapons on it's citizens? Like, just remove all those wannabe, illiberal dictators from the hat.
I used to go crazy when it comes to events/holidays. One event, I just lost my interest and didn't do anything or traveled. I was fine. Life moved on. I saved money...I save myself from the stress of packing and having to travel. Instead...stayed home...chilled in our inflatable pool...enjoyed a peace and quiet. 😁
Smart daughter... shouldn't pucker up for strangers.
Smarter just to limit travel, it’s just one crisis after another these days
Biden doesn't want you to go green. He wants you to go without.
According to brandon, the economy hasn't been stronger. So comforting to know he knows what he's doing.
@@ph5391 but but but Trump 😜. He's not our president, Biden is..
“The economy is as strong as I am”
-Joe Biden
Touché
Half dead and in a coma...yeah that's our economy.
Lol! 😄
Ya and he fell off his bike !
Falls off a non moving bike
Gas prices here in CA are between 6 and 9 dollars per gallon. I asked my husband if he’d ever thought he’d missed paying $3.89 per gallon...he’s still laughing...
As a footnote, there really isn't enough time between now and the November elections to change Americans' perception about how the economy is doing.
13, 60 & Cia!
If there was some miraculous abating of these things today, then maybe maybe they could. Even then, I tend to agree. It’s too late to salvage.
This is a product of a lack of financial education. Keep them poor and ignorant.
who's counting the votes tho? lol numbers can magically appear ... how soon we forget.
put a monkey in a suit and everyone will vote for it
After being in business for more than 40 years I can only give this advice this to turn the tide and avoid the phantom of economic fall down. : A business needs to invest again and over again for the future to come , so does a country on a larger scale meaning : invest in better infracstructure, invest in better schooling education, invest in better basic health care, invest in technological research, make higher education affordable for anyone, it all costs a lot of money but that is all well spent on the long run. US and Europe can no longer compete with China or low paid jobs cqountries and we can't blame the Chinese for working 12 h a day like hell. We can only survive by know how and manufacturing high ingeneered products with patents and protection against copy right like we do in Europe and a ' plain equal field' and honest business with our competeters who steal or copy our research and sell it again at lower prices. The US better be aware to form a massive block with Europe, Canada and other western nations on ' fair trade ' and join all forces and efforts , otherwise China will become the most important economic power in the next years to come ... and will rule the world and tell us what to do and not to do !Economic power goes along with military power and God forbid we ever have a conflict again with China which has become a 'super power' during all these years , we gave away all our jobs and industry to China ... just like the Europeans put trust in Russia ... to supply for gas and oil and now are F**cked up !
Amen
This is why we need sound economically progressive policies that are going to direct massive investment in the American middle class. There is so much talent, and so many gifts, that need to be developed throughout our communities, and as previously stated in this video, our government is unable to devise sensible fiscal and monetary policies that are going to get us ahead.
We had the mundial financial crisis in 2008, we had pandemic in 2020 and we managed world wide to overcome. In a civilised society we try not to have beggars on the streets, we help the poor and needed people, avoid conflicts, troubles and settle differences as much as we can,. We are a team together like in the army or in a cycle cross where we try to get every one over the edge instead of letting down who risk to fall behind. That is the real purpose of politics who must also guide economics, because the 'money' does not dissapear at all, it is only poor guided or wrong devided between the 'happy few' that take it for granted and the misfortunate who took the wrong bus, born in the wrong place or got unlucky by health or misfortune or didn't get the same chances ...no matter how hard they tried. If you have only 1000 dollars then you are extremely vulnerable, if you have 50.000 dollars you can easily last longer ..
My grandmother grew up in the jungle homeless and starving since the day she was born. She has been through the French war, China, Japan, and American. She helped a handful of Americans, but hated the French. I know the raw deal of history from her compared to what I learned from school. School history is an absolute joke. They will not teach you how to be successful, only to be groomed to be part of their herd. For 30 years she warned me about China like a mad woman. Told me to be prepared soon before she passed away a few years ago. She calls China the sleeping dragon that has already awaken. It's too late. We now need to hold our ground and ride the wave. Don't make big business decisions; steady cash flow and change your lifestyle. We do not have enough support in a time with so much uncertainty. Lay low for now.
xavier viaene - Invest with WHAT?! We are so far in debt, and so inefficient with your "investments" which we've been doing at a mad pace for decades, not to mention insane policies like NOT going on a wartime basis to severely undercut Russian energy prices and bail out the even more idiotic Euros... You wanna know how these investments really work? There is, or maybe I should say was, a nice pond (almost a small lake) on a local refuge near me. It is visible from and has easy access to a nearby good road w/ plenty of traffic. The fishing there used to be excellent. That pond should be attracting anglers, which generates economic activity and revenue in several ways direct and indirect. But... The pond is gradually disappearing because the spillway is washing out. The refuge won't fix it because while repairs to merely replace what was there (maybe make it a little stronger / more durable) would cost maybe $10k, the studies and reviews and approvals needed to make even a tiny Federal project like this actually happen would cost hundreds of thousands of dollars. That's right, well over 10x the cost to hire some guy with a backhoe and a 'dozer and maybe another guy with a truck to haul some rock fill... would go right back to gov't bureaucrats who'll likely take several years to do their studies and "impact" reviews and finally (maybe) issue their stamp of approval to simply put back what the Refuge biologists and the local (Actually "State") fisheries biologist all agree was working great for decades. You say you've been in business for 40 years -- well, I was too. If you were observant worth 2 cents instead of spewing platitudes you'd see this crap is EVERYWHERE, hobbling both business and even legit gov't activities like my example above. Don't even get me started on transportation projects... This is NOT sustainable, esp. when further abetted by our ever increasing "entitlement" State. The gov't compensates and kicks the can down the road by printing money (also note that the M1 money supply has jumped by an incredible 500%!!!), but even for the USA there is a day of reckoning. It's too late to start building your tornado proof house (at 10x what it should really cost) when the storm is at your back fence.
I can almost guarantee you that the wealthy segment of the US is doing just fine. Someone always makes out during these difficult financial times. Just do some reasearch on past financial dips in the US. You'll see. the Difficulty always hits the rest of society the hardest.
That is exactly what it is designed to do: transfer wealth from the middle and working classes to the wealthy. It is what depressions/recessions have always been engineered for.
People make money shorting the market. They just had to time it right, and this down spiral has benefited them.
We are cutting back quite a bit. No new cars clothes limiting food and watching overall purchasing.
Of course. The whole system was designed by and for people who make untouchable fortunes during times of general chaos.
True, I’ve been in the stock market since 1982. Doesn’t effect me at all because I’ve accumulated so many assets
Rich don’t care, and the poor don’t care. It’s the middle man who gets crushed!
True fact. As a middle class I never benefited from the stimulus and now I'm bankrupt and have lost my business in the process and these people have the nerve to ask me when am I getting a cleaning job or a mcdonald job. So the american dream is to force middle class into low class or bankruptcy so they can fuel their corporations with manpower that's left them.
@@DoveDaniels U R correct .... No need to worry about the poor - Blue Team has them right where they want them ... now the Blue Team & the WEF need to divide the Middle class .... that's the next phase in their Global plan
@@DoveDaniels the problem was they were giving stimulus for everyone out there ..they gave it immigrants and the Rick folks.. I know some immigrant friends of mine who got luxury items with the stimulus checks...
@@katana_3558 🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️
The middle has been crushed for 30 yrs, not from these days.
Oh, he's saying that you're going to see an explosion of anger about inflation. Not an explosion in the rate of inflation. Though that is very close to happening too.
We already have an explosion in inflation., This winter is going to be a disaster.
40% inflation?
The 'people' deserve this when they supported mandatory lockdowns, corporate bailouts/stimulus checks throughout the pandemic and afterwards. Let them reap the inflation, corporate tightening, and recession that comes with it.
Printed money creates inflation, Biden is still printing money at full throttle for Bill Back Better.
Interest rates have to sit at two percent above inflation to consume the printed money and give it value
@@poremechen yep, something a little wrong with that statement.
With so much uncertainty with the economy, I'm worried about how inflation will cause major layoffs and food shortages. We just purchased a new home, but my salary only increased 3% while inflation is up 8.6%. It doesn't compensate how much gas and food is increasing at an alarming rate. The Biden administration has done nothing to help the American people. Are we going backwards to a great recession?
Try being retired and on a fixed income Carol, not fun.
We all feel it as well Pray w/out Ceasing ♥️♥️♥️🕊
Lee Sommer It still kinda hard to imagine how life can be difficult to Americans, when we know they can retire and live like kings in Thailand or Bali or Philippines or Mexico.
@@eduardochavacano probably could live well on Mars or Venus too. They can be responsible for THEiR Country, and I’ll be responsible for the Freedoms of this Country, my Country. Freedom has a cost, just depends on whether you are willing to pay it or cower down to the oppressiveness of your respective government. Make no mistake, there are very few people making a power play for the masses. I pray they are unsuccessful.
As a full time realtor . Cut unnecessary expenses such as dinning out , personal services such as hair salons nail salon’s fitness programs . These are now luxuries Americans should consider citing out or cutting down . Food gas utilities will continue to rise and we ALL are feeling the effects of exponentially high prices on goods services all our utilities will continue to rise .
Folks cut expenses where you can . I cut out buying cloths unless I need something special . I am shopping sales on All food items and personal items . I cut out social media expenses with the exception of work reLated costs . I’m trying to conserve on my gasoline costs as best as I can . Working in Realestate full time is quite costly especially the wear and tear on my vehicle and gas expenses. I have cut out ordering food online with an occasional delivery once a month . A budget on monthly expenditures helps eliminate careless spending . Purchase only what is needed .
Do proper maintenance on your home and try the do it yourself for some services .
God Bless you all and please share any cost saving tips you may have .
Thank you all and Keep hope !
Great analysis and summary. I'm shocked people are blaming the Russian invasion of Ukraine, though, when we printed and gave away trillions here at home.
It's the perfect storm. All the above.
You can lift the sanctions. The war can still go on just like the 20.different other wars going on in the world.
Oh it might be because if you look at oil prices, it caused the spike. Clear as day. It also greatly worsened food shortages which will reduce productivity.
The free money effect has already been getting reversed by the collapse of stocks and foreign purchasing of the dollar. Crypto alone destroyed over 1 trillion dollars.
The dollar is actually extremely strong right now compare to other currencies.
Especially since this was happening well before the Russian invasion of Ukraine...
Should have ramped up oil production about 9-10 months ago, instead of cancelling pipelines and leases. The government should have enabled our oil and gas producers to "pull out all stops". A lot of this crisis is self induced and now we suffer.
Calling the Biden Administration as competent is the same as calling BLM helpful to the black community.
🎯
exactly
The Fed + Congress is to blame. 0% Interest & waited too long for massive greed of a 100% run-up in the market. PPP Loans for companies that did not need it. Printing like crazy. Cnbc is always trying to overanalyze the situation when it is so simple.
One person alone to blame! That person is Biden. He did it intentionally!
@@wendyluo-elliott9411 Let your political views get in the way. Whoever would be president, Republican, Democrat, Libertarian couldn't have avoided this. You sound like someone who lost -75% on the Tech Bubble drawdowns. Sorry for your loss, but greed kills.
0% interest for 8 years under Obama
That is simply not true. These all could have been mitigated. If they did not print that much of money, if Americans learn how to save money for emergencies, if this incompetent administration did not put up their stupid infrastructure bills, if they did not cut the Canada pipeline, if they did not get oil from their so called enemy Russia and instead get petroleum from the United States one of the largest reservoirs. The list can go long and long, stop saying this to fool people if still people continue to be fooled by these incompetent democrats then sooner than later this country is done. Humanity is done
@@973RoyDaKing379 absolutely could have been avoided, what are you talking about?
They could stop it right now by raising interest rates to 20%
People trying to retire, seniors on a fixed income, young families with insane daycare costs, people with chronic illness, people with lower socioeconomic status…. This is affecting us all. Unless you’re the Jeff Bezos or Elon Musk of the world, we’re all just trying to make ends meet. Like other posters have said, we’re getting by. But not getting ahead. 😔
Did you vote for Joe Biden?
Democrats better listen to this guy. He is speaking the mind of every US citizen. Midterm elections are on july 4th.
What makes you think republicans going to do any better🤣🤣🤣Rinse and Repeat. Welcome to America!
Trump printed a stupid amount of money and left Biden holding the bag but don’t think about that because you all have the attention span of goldfish.
@@Blk_pantherfit Don't embarrass yourself Mr Biden voter !
@@scottpopowski902 😎, other humans think others humans can solve our problems. Wish you best whoever you are, but I’ll put my trust in only ☝️
@@Blk_pantherfit Now your changing your tune typical !
Let's go Brandon! And the media for helping him win the election!
All the past administrations have printed too much money and the resultant inflation takes years to manifest itself.
@@roughhabit9085 ...LOL!!!!
Nice try! ....Yes, it's everyone else's fault except the president YOU voted for in 2020.
(But, then, he's not running things, is he? Obama hasn't even LEFT Washington D.C. since he stepped down from office in January, 2017. Practically everyone managing Biden were people who came in with Obama. ....Maybe we are actually in third term of the Obama administration.)
You mean steal ?
More like covid hysteria so fake mail in ballots could be counted thats what won it
Jim Carry is Brandon
We're back to the late 70's-early 80's. The difference was Jimmy Carter was a wonderful person (but hapless president) and our country's social culture was 10 times better than today. Inflation is horrible and many younger people are now seeing what Boomers went through during "the malaise". Our first homes had mortgage rates in the high teens. Small, economical Japanese cars took months to get to dealers after you ordered them. Top dollar too. Now we will look for a Ronald Reagan to save us again.
And trump is the answer
true i lived through those times people think we're lying.
The scariest part is that Boomers did not learn from Jimmy Carter and chose Biden anyway.
This is nothing like the 70's, you couldn't even get a service job back then, everyone was broke.
Ron DeSantis
I'm not worried, everyone voted for this...they are just getting what they wanted.
What the hell are you talking about "fill the grocery cart for the holiday". I'm already living on top ramen noodles and can't fill my gas tank. We're not 13 days from an inflation explosion ITS ALREADY HAPPENED
Nah, it is going to get a whole lot worse. There is about 6 weeks or less left of wheat and grain supplies. Wait until those dry up....
@@Overkill_JD well bear in mind more wheat is being grown as well. Simple sugars are bad for us anyway
@@stevenbrown5210 right, I am not just referring to the United States this is the world supply I am referring to.
There's inflation but not because we all have excess money and bought alot of stuff, but because of artificial inflation caused by the supply chain breakdown. You can raise rates to 200 percent and that still won't get energy delivered to the U.S and food put in the grocery stores. This is a global supply chain problem. Go ahead and raise those rates . That will just make the problem worse. Home builders weren't building any more homes than they used to. The lumber and goods used to finish the homes being built have been in short supply because of a breakdown in the supply chain to move the product.. They think the average citizen is awash in money. We're not. During covid alot of people lost their job and recieved two $1,400 stimulus checks which went to pay bills. Inflation probaly will go to 40% because the oil and energy are in short supply because of supply chain problems. China isn't bringing near as much to us so that product isn't even part of the supply chain. 26 food plants in U.S I heard burned down. Because of weather and lack of water, fertilizer and diesel, farmers can't produce near the amount of food they did. Fixing the supply chain and increasing the amount of energy we produce here in the U.S would help bring down inflation. They got it wrong in my humble opinion.
Totally agree. I cannot fathom how some stimulus checks over two years ago amounting to a couple months salary for the poorest Americans (and for which a lot of that money was apparently blown in stocks and cryptocurrencies) would produce this magnitude of inflation.
Most of the problem is the oil markets and it is most because OPEC+ has essentially started WW3 on all of us. Biden is going to the Saudi's because they control OPEC. Iran is off the table due to Trump and his stupidity but clearly, Iran was producing some form of weapon's grade uranium since they are very close to producing a bomb. We should have blasted Maduro in Venezuela a long time ago and got their oil markets back up an running as they could be a huge producer of oil which is why China moved in when the US decided to be a coward. The US has made far too many political mistakes with oil.
I agree. And if you know this you can be certain they know this they just don't care it's all about the profits for them
They increased the money supply by 50% over the past two years. 1.5x all the money that had ever been printed up until April 2020. Yes the supply chain is an issues, but this was major as well.
Explains why inflation is all over the world
Food is already short, and some things have been short since well before Ukraine. The pollster or his subjects seem to be ignorant of the fact that things have been costing a fortune for quite a while. He seems to think no one has filled up their gas tank and won't be buying a full tank until July 4 for some strange reason. People who actually work for a living are having to fill up their tanks all the time.
Blame games is what they are doing. It isn't Ukraine it was already going on.
Yeah, that way they can blame Putin for their insane inflationary policy. Even though inflation has been above 2% since April 2021 or so. And acceleration ever since.
It was turning off domestic oil production, the partial passing of the Build Back Bankrupt bill (Joe Manchin saved us for annihilation), and *quantitative easing* by Jerome Powell and The WAT Grandma, Janet Yellen. Pumping printed money (basically throwing money out) which diminished the value of the dollar. If the JOEjanHorse Administration didn't appear to be so F'ing stupid, I would think that the 2020 election and everything they've done was intentional to bring America to its knees so the Globalist agenda could take hold. THey got their JOEjanHorse as a "gift" into our system, and as America slept, the demonic forces came out from within it to sow discord and destroy our country from within. The shell of a man can't keep up with anything, so he constantly blames Trump.
I guess he's forgotten about how prices started to rise during the beginning of covid and the empty shelves. Prices have been steadily going up since then and a lot faster since Ukraine.
@@woodchuck69 Actually, it wasn't the beginning of Covid. The issue then was people stockpiling - my grocery store went from closing at 1am to 9pm to make sure everything was stocked. People could drive trucks by themselves and not be affected.
It was the restaurants and personal services that were affected the most. Those areas didn't recover because of Biden's handouts combined with Obamacare of all things. Obamacare told businesses that they should only hire 28 hour a week or less jobs to avoid having to pay for insurance of the employee. So...businesses either hired at 40-hour pluse at limited capacity or kept their staff at 28 or 24 hours a week.....either or. Nothing in the middle! The full time jobs are harder to come by, and the 28 hour a week jobs *sans insurance* are easier to come by, but nobody wants them. Otherwise, a person would have to get TWO 24-28 hour a week jobs to compensate for the "full timer" to even get insurance on his own. Multiple factors.
I Blame Biden because he started a horrible mess when he shut our Gas...vicious cycle he did
We polled people in DC to get this high rating. Let’s hear about the 12% for Joe in South Dakota
👍🏽👍🏽😹😹😹😽
And why in the world do you think this is the fault of one man? What have you been smoking?
It’s only fair. They blamed Trump for everything wrong. Only fair the next guy gets equal treatment.
I can’t find anybody that voted for him other than far left loonies and the 75 year old that still think the GOP will stop SS.
I feel like I am a college student again. Peanut butter and jelly. Bologna sandwich. 3 times a week
Fixed income and the wife wants a cute Maverick. I am very happy. Only have 2 more payments on the Trax.
She is not going to be happy. I told her save up and pay cash for it.
She don't want too understand the reality of income vs outcome is not good when outcome wins.
As for why? Basically the greenies and processive have been smoking wacky tobacky laced with opium too long.
When the money runs out. They will go through a painful sobering up process. Then blame me.
My half tank per week went from $30 to now $69.50. I'm surprised I heard some truth on CNBC
My 20 gallon gas tank went from $40 fill up ... up to $100 fill up ... and that was today ... 06.19.22 at 8am
it costs me about 160 to fill mine up in Canada we pay about 10 dollars a gallon . 2 dollars a litre..so 8 dollars a gallon .10 out west
I sold my car way back due to remote work
No more gas problem
@@katana_3558 when your ev catche son fire and your trapped inside let us know how that works..and you have to replace the battery in 10 years at 15 grand let us know that too..youre exactly what they target.
Oh no!
The " Dollar Store " is now the $1.25 Store. My laundry soap is a third less soap. My high priced health food cookies are half what they just we're. Gas is $6 in Reno. And it's only beginning.
i buy very minimal groceries. Largely just eggs, some meat and fruit. I have seen my grocery costs SKYROCKET. Honestly sometimes its just as cost effective to eat out vs. buying my own groceries.
@@brianosterman456 ~ the Auschwitz years are coming where everyone will look as though they just stepped out of Auschwitz. No more obesity problem!!
What your describing has been happening for decades lol
@clot shots how long have we had 8% inflation? Do you know how averages work?
@clot shots inflation fluctuates. It's dynamic :) 2%-3% is average, not steady state.
And another reason why there are no workers at fast food restaurants anymore is because the didn't want full time employees they didn't want to bump for insurance now there ass is paying for it, just think billion dollar corporations are that greedy. Hope all the fast food corporations close their doors for good serves them right.food basically sucks anymore. And Is really bad for your health! And cost them about 2 bucks for your 12 dollar slop!
Who are you kidding??? An explosion of anger over inflation ??? We are in the United States, the sheep will keep their mouth shut, head down and keep saying yes Master to the politicians, PERIOD!!!!
It seems like people are willing to cut off their nose to spite their face to maintain their political identity.
Seems like the solution would be to just copy what I'm doing for July 4th: I'll be relaxing at home with a giant book in my hands drinking a can of soda. You don't have to have a BBQ or go on a cross-country road trip to enjoy yourself and have a good time. Minimalism is good.
a large coffee and a video game and a 50 inch 4k tv is great as well/
@@derekrank4572 You'll get no counterarguments from me.
Treat yourself to a hamburger or hot dog made at home, a bag of BBQ potato chips, ear of corn, and watermelon.
Most ppl don't do $#it on holidays. Most ppl don't go out, most don't splurge or eat a very expensive restaurants all the time. This is a stupid example by a media network. Its like they're trying to scare the average Joe so he won't vote for Biden again. If they didn't have some hidden agenda, they'd actually teach us something about the American economy like how incomes have grown so little in comparison to the avg home price, common goods like food and point out how big businesses spend big $$$ on avoiding big taxes. This isn't a single political figure or parties fault. The US has been on this path for DECADES and those w/ their pockets being filled by corporate America try to keep that info away from you!
Most ppl don't do $#it on holidays. Most ppl don't go out, most don't splurge or eat a very expensive restaurants all the time. This is a stupid example by a media network. Its like they're trying to scare the average Joe so he won't vote for Biden again. If they didn't have some hidden agenda, they'd actually teach us something about the American economy like how incomes have grown so little in comparison to the avg home price, common goods like food and point out how big businesses spend big $$$ on avoiding big taxes. This isn't a single political figure or parties fault. The US has been on this path for DECADES and those w/ their pockets being filled by corporate America try to keep that info away from you!
I'm feeling it. I live in North TX and my utility bill essentially doubled from last month. Utilities are up, gas and food are up. Airfare is unaffordable for a family of 4 or larger. My 401 is tanking and I need a new car that I can't get due to supply issues. This is getting very ugly.
Welcome to the collapse of the US economy.
Only can buy needs not wants not good now
cars has supply issues in USA?
@@istheyear-ry1el evidently, can't get the chips for them. Also, some parts. Dealership lots are empty around here. I sold my truck months ago because I was working from home and we didn't need two cars. I now have to go in a couple days a week and could use one.
They don't care you just have to look for an investment or a good online side hustle that pays you while you are still busy 🔊
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i have nothing to worry about during this inflation crisis
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No more self serving greedy and incompetent old politicians set on their ways leading this country. Retirement age 67 should be applied especially to politicians.
Capital punishment for voter fraud would take care of almost all of them.
No age isn’t the problem. It is plan and simple…career politicians. They get in and change rules to make money. Heck they even vote their own wages. Personally I think that is a bunch bull crap. No other employees get to hike their own wages to what they think they should get.
Instead of saying “inflation” is the number one issue… Americans need to go big brain and say the federal reserve is the number one problem.
Definitely... big banks and hedgefunds also.
Thank you. Audit the Fed then end it.
Why is it the problem? If the Fed was ended, those things it does would just go to the Treasury department.
Real blame is Nixon. He ended the gold standard. That's the spark that created this mess.
@@robertbrandywine Because the endless money printing, among other things, contributes to inflation and is unsustainable.
Everyday common folk ask friends and family to bring a dish to the 4th July Barbecue. Also, send a group text to family and to friends collect donations for the food. My family been doing this for years. No financial stress on anyone and we have a good time. I would never spend hundreds in groceries on the 4th to invite people over. Stop trying to impress people who probably in debt.
I did bomb bbq's at my home with a nice pool for years now that our son is grown and moved away no one ever reciprocates the generosity we laid out. I mean we would bbq tons of food corn on the cob w total fun in the sun all 4th of July, labor day and throughout the summer. Here we sit all by ourselves nowadays and other family members have since built pools in their yards. I guess we're just to old or yesterdays garbage who knows ??
@@stevethomas5209 That’s messed up. At least you have the memories of those barbecues. Priceless.
@@laurainglis7485 My niece always commented on my bbq pork ribs and loved coming over and I would make her plenty even to take some home and my nephew loved my fried catfish the same.
Their father is my brother in law. He built a pool two years ago and has not invited us ever but always posts pictures on Facebook of the bbq's he is having.
We are selling our home and moving away and we're not going to tell these ingrates we're leaving. We are really put off w people especially user family members. Wish I could get back a nickle for every dollar I spent entertaining them when they were living in apartments. They are buried up to their necks in dept it won't be long before their broke and wondering why the bank is foreclosing. I think their jealous because I'm dept free and don't have to work who knows what their deal is and I really don't care anymore.
@@stevethomas5209 😂😂😂
That's what my family does everyone brings a dish ...so it's not on one person's shoulders...
You know it’s bad when NBC has someone on criticizing biden
They're doing everything they can to make it worse.
Yup because then they can “fix” the problem and be saviors of the people. No matter anyone’s opinion of our Our founding fathers , they warned us of this.
Trust those that have the problem and the cure? Don’t Trust people who can give you anything you want, because they can take it all away.
Welcome to the great reset.
Great analysis, great video. People need to watch these videos and really try to understand what to expect within the next 3-6 months. 👍🏻👍🏻👍🏻
Expect more misery.
Let's Go Brandon!
Doomsday in China! The city of Shanghai was engulfed in flames when a chemical factory exploded
Expect the 2nd Great Depression. Good luck.
His analysis is saying in 13 days things will hit the fan. There is a big difference in 3-6 months.
Actually I think it's important that the 30% of idiots in the US that approve of Biden get a nice "surprise". They are quite obviously a bit too dumb to understand the topics in this video, so let it explode in their face instead and they *might* get it.
Jimmy Carter: I was the most hated president in U.S. history.
Biden: Hold my beer.
...at least, they haven't tried to overthrow the government. Only idiots love Trump.
Shirt!
Can't be as bad as Woodrow Wilson, to be fair. Definitely bottom 5 of all time though.
I dislike trump as much as the next man, but this admin is many rungs down the ladder. $500 mo more to love per month on avg compared to just s year ago.
Trump holds the record for the most jobs lost.
Ask not what your country can do for you but what you can do for your country. Before you start blaming the current administration for our economic woes, you need to take a look in the mirror first and ask yourself if you are doing all the right things to help you get through this hump. Are you driving a fuel efficient vehicle? Are you taking advantage of the job opportunities? Are you living within your means? If you answered “yes” to any of these then you’ll be fine. Our economy has always had it’s up’s and down’s; no more so than the last 20yrs. It’s up to you to be the ant or the grasshopper.
I remember when Jimmy Carter was President. Biden has him beat on unpopularity by a mile! At least Carter was lucid.
Yes and I remember that most people in both parties thought he was decent and honest. Joe is neither. So much for the Great Uniter.
Well he did have a nice smile.
It always makes me shake my head when people here in America complain about oppression and lack of freedom. They have obviously NEVER been to other countries around the world to see how good they really have it.
It's NOT the same U.S.A. that I was born into in 1958, being raised by a very patriotic family with 3 uncles who served in the Pacific during WWII. Morality, scruples, ethics, modesty, humility, Good Manners, etc. have all degraded terribly. They would have never tolerated the crap on radio & T.V., or the Orwellian Administration in Washington.
Freedom of Speech, the Right to Assemble Peacefully and the rest of our Constitutional Rights have been gutted.
1950’s
segregation, racism, black churches being Bombed, presidents being murdered, civil rights leaders being murdered, only white signs at business/ restaurants. Etc.
Yup sounds like good morals to me.
@@josecontreras6702 Sounds like you didn't live in those years & you believe Revisionist History. If that's true, you don't know much and are simply being judgemental.
The destructive, vandalism of BLM riots & urban 'Black on Black' crime has murdered more people than any jerk-water white supremacist group.
Before you point the finger at the "Greatest Generation", make sure your own hands are perfectly clean first. 🇺🇸 😎👍 ☕
Who are you comparing yourselves to? Americans love to compare themselves to countries that are worse off, and then pretend countries that are doing better don't exist.
@@lilblackduc7312 Which constitutional rights have been gutted? Don't just give some half a--ed comment because you are too lazy to expound with concrete details of how you have been afflicted by the abuses of a Democratic president and policy.
Inflation has taken down Empires and the US won't be an exception.
Energy pricing is the culprit for most of the rising prices people see.
Gas pump prices are a direct result of fossil fuel company manipulation, and could be addressed in no time if oil refineries run at max production levels, but they're held back to increase profits. Don't take my word for this, listen to oil exec interviews for the last 18 mths. Do your own Internet search for data published by the oil industry themselves and Federal and state government reports. They all say that as recently as April and May (weeks ago) 2022, refining capacity is running at only 85-90% of full capacity and less than even max production during the Covid economic slowdown (95% of max during Covid epidemic). There is no reason to be restricting production other than to keep prices high, there is no maintenance shutdowns, and there are no repairs being made.
I can't see how the Biden administration can be blamed for oil industry misbehavior other than doing a poor job of publicizing the damning facts and lack of arm twisting. This is just the oil industry in a snit for whatever reasons, without empathy for the pain they are causing the American people. Once can only speculate, but I would suggest that maybe it's because leases have been canceled the oil industry wasn't exploiting and don't need to achieve max production. Maybe it's a silent protest against Transition to Green policy. Whatever the reason might be, high energy prices are going to cause more harm than simply high gas pump prices. Chemical fertilizers to grow crops are made from NG and high costs will be passed on to the Consumer as higher food prices. People will have less to eat and there will be fewer items on grocery store shelves.
At least an investigation is warranted, and if necessary some arm twisting to motivate good citizen behavior is needed.
If you keep feeding an animal it forgets how to find it’s own food !
A lot of people I know are saying they are not doing any parties or trips for the 4th of July because of how high the cost of everything is.
Cappin bruh people gonna party still
Maybe they can get some pizza and explain to their children why we celebrate our independence 🤔.
Yes I will be at a park near home
Exactly I wanted to go to Grand Canyon but gas is so expensive , food is super expensive, better to stay at home
Hahaha
It'll be interesting when they do the yearly cost of a Thanksgiving dinner meal pricing this year...but they'll probably fudge the numbers and not take in account shrinkflation (smaller cans of cranberry sauce), and probably start substituting store brand items in the count rather than "traditional brands" to help punch the numbers down a bit.
Yeah, who really believes this 6% year over year crap. More like 46%!
I think it’s sad that I bought all my food already for the major holiday for this EXACT reason 🤦🏼♀️
It's smarter to not take part. It was always a terrible holiday anyway.
@@veganpotterthevegan you must be a vegan or something.
@@ChatGPT1111 you should be too
We are 13 days after the interview , still nothing happened !! All good markets up! People got July 4th and made normal barbecue , prices are not up since 13 days. Good interview dude
Im voting republican on all midterm candidates for the first time in my life. You were all right and im so sorry the left media brainwashed me.
i am a Republican and i want to commend you Mr. Nicholson for your comment. i hope MILLIONS of Democrats and Independents take your comment seriously.
It isn't about who is "President." Duh. It doesn't matter as long as corporations own the government. Wake up.
@@robincrowflies you think "the corporations" own the government? right now, the Democrats control the U.S. Government. does that mean "the corporations" OWN the Democrat Party?
I was in the same boat and now my eyes are open. The non stop brainwashing of telling you what to do and how to think soon became obvious the past 3 years especially and now I see all the years before. Now people believe they can even be an it, they, even call themselves a bird and everyone has to believe that’s right and something isn’t wrong and call them sane. Even when over 70%+ regret their transitions down the road. Meanwhile doctors and their industry is making millions off the hormones and the surgeries and the therapy. Too many celebrities adopting and transitioning their kids at a very young age not to see they are towing the line.
All inflation is transitory. When I started working the inflation bout of the early Seventies kicked in and there was a "transitory phase" of about 20 years until prices stabilised.
Prices stabilized later because in the late 80s and early 90s globalization happened and the cost of production shifted to poorer countries in Asia, resulting in reducing prices. It probably won't happen again this time.
20 years of inflation and you think it will be ok? Think about how more everything will cost in 20 years from now. A loaf of bread will be $50.
@@leezhieng It will happen again this time but instead of production going overseas it will be many of the jobs that can be done remotely. Americans are in for a rude awakening.
When we lived in Canada in the late 60's early 70's , virtually everything was made and came from some where in North America or Mexico ( cheap labour to keep the California agriculture industry going ) and that was the same for the USA . The 70's oil shock effected that but it was not that there was no more oil in the USA . And wages were good on a world basis . Then along came globalisation , all very good ( except for blue collar workers ) until the supplies are disrupted and out of your control .
Cheap labor abroad (the ending of the Cold War peace dividend) enabled the extend & pretend extension of the Boomers’ mega debt bubble. Now we pay the piper and the West will collapse into scorched earth as the Boomers depart. WW2 birthed the Boomer baby boom. WW3 circa 2025 - 2027 will usher them out the exit door.
@@Anonymint-vj7bt Correction , you doom and gloomer . The cold war really had little effect on the west , except in some peoples minds ! The boomers started with little and no debt and have now paid off their debts . Now its you younger folk to show you can do better . Luckily we will not be around to hear your moaning
Ahh the good old days argument again... We're fairing a lot better than your 70s oil shocks when y'all used to line up for miles to get gas.
what's happening now would have happened back in the 90s if wasn't globalization. Globalization delayed the inevitable and saved your ass once, but I don't think it will work for the second time.
@@wishsrdk Ah, the good old Carter years, another fine Democrat that tanked the American economy. Good news for Carter, he will no long be referred to the worst President in American History, that award will go to Biden.
I'm on retirement disability and this last SSI cost of living bump put me $40 over to qualify food stamps. I was able to adjust for the first few months of 2022, but now I eat once a day in the afternoon. I'm comforted very little by the "positive" changes of this administration.
I just had my first "oh wow" moment....something has to give here.. Telling Americans that they need to go green without an affordable alternative in place is just plain stupid.
What’s that, you can’t afford a bicycle?
@@kesslerdupont6023 no I can't, I can barely afford too eat these days
These things require a national plan. They can be done and improve the economy at the same time, if done correctly. There is no national plan.
Their plan is to make huge amounts of money and say it is about going green. The green in their pockets. You make a lot of money when you triple the price of something you sell.
These green funds have very little money in alternatives, just lots in fossil fuels and the idea that the price gouging will solve the problem. Again the green funds are about green in the investors pockets, while pitching it as saving the world.
They are collapsing the economy so they can grow the government and implement a welfare police state, The new German reich, Look familiar, wait for the work camps and the mass murder, it's coming if they aren't ge(STOP)o'd!
"I'm not willing to put effort into planning and changing my life, so therefore it can't be an option." People like you got us into this mess, coward.
Welcome to the Biden economy. To all those people who were clamoring for more free government money last year, I told ya this would happen. You got what you asked and voted for, so don't cry about it now.
Look who was in charge when majority of that "free government money" was given out.
@@Aboleo80 the same corrupt people that have been in charge for decades. Dont kid yourself, none of them are on your side.
Did you give yours back?
@@cynthiagottlieb6116 no I thought it be better to use it for charity than let the government waste it killing people overseas.
I blame government - not "The Administration", not one party or another, but the entire machine .. left wing, right wing - they both belong to the same bird. Probably a good number of viewers don't remember the 1980s, when Russia and Ukraine were behind the 'iron curtain' .. we were in no way dependent or influenced by goods coming from that region of the world, and if we have somehow REALLY become so dependent on such a tiny portion of the world economy, then we have some serious problems of a whole other sort.
"Trade between the United States and the Soviet Union averaged about 1 percent of total trade for both countries through the 1970s and 1980s. Soviet-American trade peaked in 1979 at US$4.5 billion, exactly 1 percent of total United States trade."
100%
" left wing, right wing - they both belong to the same bird." SPOT ON
I spilled my coffee this morning and its all Putin's fault.
I have never felt more financially insecure than I do at this moment. I am pretty secured in my job so income is no problem. It is just the increases in prices in everything I need for daily life. I am 5 years from retirement and my erstwhile fabulous 401k is not a shadow of what it used to be. I have to start saving more and spending less. Less expenditure from everyone will only hurt the economy as a whole. No change in November is going to make a difference. Even if the price of gas comes down other prices will not or larger packaging. I still remember when they blamed wall paint prices on gas a few years ago. they never came down. We are screwed.
If you still have your money in 401k you are crazy! Do research on fixed indexed annuity
We are living in the E N D times, the 7year Tribulation with the world leader (Antichrist) is right around the corner, that's GOD'S judgement upon all unbelievers! But there is hope - get saved and be rapture ready: accept JESUS CHRIST as your Lord and Savior today!!!
Please study biblical end times prophecy; listen to Dr. Ron Rhodes on end times chronology.
Blessings from AB
We don’t have control over prices, but we do have some control on what we spend. The system we live in pushes us to consume, often more than we need, so inflation is a way of telling us to cut back on some of those excesses. As far as investments are concerned, equities have been in an inflationary bubble so markets are correcting those excesses as well. Warnings signs were there, but whenever they’re mentioned everyone just shoots them down. It’s hard to feel sympathetic. However, we aren’t totally “screwed”, as the ship always rights itself, eventually.
don't sweat it.. 2008 very different
get rural, learn to garden, have good potable water from well ... all a good start.
Wait! Did he say no matter who you are you're impacted by it. I wonder how much of an impact it is to him as he sits there in his mansion!? Look at that place.
It almost looks like it might be a GreenScreen filter...and it's tasteless either way. I can't stand up in my kitchen because I'm homeless living in a vehicle. I'd love to have my own bathroom, too.
13 days? Damn. Got to love knowing it down to the day.
It's all by design and that's why they know. Purposely targeting the poor and therefore colored folks. It'll backfire on them, even all the way to there Germanic homelands. #enough
Planned
Don’t watch the news Don’t watch the news and have a much happier life.
@@LP-jn4tw jokes on u Biden just announced today 31st he’s taking action on lowering gas prices 🔥💯
if they say the inflation rate is 8.6% YOY that means it actually 20%
Would you guys stop, we all will be okay since we are vaccinated and boosted.
Expect no help from Biden. He's not cutting the fiscal budget and the Fed is not shrinking the balance sheet necessary to cure inflation. We all know talk is cheap.
I heard Biden is thinking about sending gas rebate cards..... Can't make this up.
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People are really making a lot of money
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Not everyone goes on vacations. Many folks just stay home and keep it local. Why some even have made some preparations for such a scenario! Imagine that…
i can sit at home and watch a 2 hour travel video of a guy on vacation with his go pro camera and watch his videos..i didnt have to hop on a plane and spend. $10,000 to see the same thing he paid for, i saw it for free on youtube..
I love these shows. Everyone complaining, but not one person with plausible ideas.
That's because the time for plausible ideas was back at the 2008 Financial Crisis. Instead Bernanke's idea was to pretend the debt didn't exist and hide it on the Fed's balance sheet rather than letting the western world sort it out the right way with bankruptcies and haircuts for bondholders. Instead we just made the problem orders of magnitude worse. Now when it's all finally imploding, nobody has any idea what to do- because there's nothing that can be done.
Probability is the Fed raises another 50-75bps but inflation will keep rising, the bond yield is still about negative 6% ini real terms. So we now have stagflation, which will roll into an inflationary depression. Employment will crater, those living on tech and service jobs based on cheap money will lose their gravy -train, the day trader will need jobs, the retired won't have anything to live on as their aggressive stock portfolios and even bonds will be smashed, so they'll need jobs too.
Then the Fed will panic with a spike in unemployment, have to talk down inflation and focus on the employment mandate, so they'll reverse course again, QE/print like crazy to try to save the system but end up killing the dollar and the reserve currency status with it. So you'll have China and Russia's new currency based trading bloc, the EU and Japan collapsing under the weight of their mess, Middle Eastern oil nations demanding payment in gold or yuan, Belt and Road countries starting to do OK using the new eYuan or whatever they call it and trillions in foreign dollar reserves will come flooding back adding to inflation.
Some of us have been screaming this non stop for 14 years, but too late now.
Precisely. Just whining. This is what incites anger in consumers and voters. USA voters are at each other's throats. They want blood. Even if it's the blood of someone innocent. They really don't care, they just wanna see someone bleed.
This is going to change the whole spectrum of political landscape in this country . We may see history in November elections
Unfortunately, the Right is only offering up Trump feces as an alternative, so that puts a ceiling on how well the Rs could do........without the Trump albatross, and without the trash candidates he's picked, the Rs should be able to get to 56 senate seats and the House majority.......as is, 52 is probably as good as you can hope for, maybe 53.
It would be great if Republicans would offer a plan on how to fight inflation instead of "let the market dictate who lives and who dies"
@@Aboleo80 they have already laid out their plan a couple weeks ago. Keep up!
It would be great if someone other than a democrat or republican could win, because both sides seem to be absolutely terrible and corrupt in the modern day. But of course, we all know a third party candidate will never win..
I hope so
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what's to be expected when you shut down the whole economy for year+ (how many small businesses died from that?) and print trillions of "free" dollars? Paying people not to work, making them entitled and lazy? Or opposing/slowing oil production locally in the US. That's nice that you want to be green, but it's stupid and unrealistic to think we can switch from oil to electric in an instance, just because, what? You want/think things ought to be a different way? Uh, you do know Tesla, a cutting edge company of 90k+ employees, took like a decade+ just to create that EV technology, make it popular, and feasible? All the while almost going bankrupt several times. The tech is still a wip, it needs to be a lot cheaper to reach mainstream use. But that involved several what, 100,000's of man hours from some of the smartest people to get to the point where we are today. It's childish to think otherwise, technology does not just come out of thin air. It's going to take several more years, maybe decades, for green technology to mature and become viable to the point of replacing oil, slowing oil down now is just making people suffer needlessly. You can cry all you what about the environment, that doesn't change that it takes real time and dang hard effort to grow the technology.
If you really want change, then BE the change in the world. Don't be entitled and complain to others to do the work for you. You learn and aid the tech, or work in the capacity you can, and send money to the corporations / causes you support. Being a Karen to social media or to the govt to do it all for you isn't internally providing actual value or helping. If the govt keeps printing "free" money, things will get worse. We're turning towards socialism, we'll all be equal, sure, equally broke and impoverished. Except perhaps some of the people at the top. But hey, corruption isn't new. Any human institute will have corruption in some form. Capitalism as a system at least allows the average person to better their situation through hard work and effort. Socialism discourages innovation and encourages laziness. Why work hard or extra if everyone, including everyone slacking off and living in their parents basement and playing videogames and watching videos all day, gets the same thing? The smarter choice would be to be lazy. Unfortunately this results in the breakdown of society. Food, electricity, clothes, goods, clean water and water treatment, doesn't magically come out of nowhere. Someone has to work to produce it. No one will work if there's no incentive, or worse, if there's incentive to not work. There are several videos on it. See any video by a self made millionaire. Their advice will be the same, don't wait for free handouts, take control of your time, goals, habits, go put in the work and make something of yourself. Find a heavy load and lift it, clean your room. Wake up early. Keep going even if people around you can't see it, or even if they discourage you. Live like no one else today, so you can live like no one else later. Get a budget, get out of debt, stop spending more than you make. Ultimately no one else can make these decisions for you, but you.
Amen Well said period.
The world will be nearly out of fossil fuels by 2050 with the rate we are using them and that's with Biden doing everything in his power to reduce fossil fuels. We either suffer now and try to switch before it's too late, or run out of fossil fuels before we even have the option to switch. Going green isn't just for the environment, it's so that we can actually still have power and not go back into the dark ages in 30 years when we run out of fossil fuels.
@@Kiernangaming Fossil fuels could disappear tomorrow, that wouldn't change the fact that the technology /infrastructure is not there yet, and we can't just switch to electric on a dime just bc we wish to. The tech isn't there yet, the cheapest quality elec cars are out of budget for most people (~$40k?) and can't yet be produced cheaply enough. Battery materials and etc are in low supply and not adequate to replace all ice cars at this time even if we had the tech/money to do it. [Though... perhaps we could make something feasible if we could somehow erase all cars and change the car standards from big and clunky (weighing x thousand pounds) to all using go carts or something]. You'd certainly get better gas mileage. That would be a large scale effort though. Might change the speed limits. We already have motorcycles, tho of course one accident and you have high likelihood it seems to be dead/disabled so there's clear disadvantages. Unsure if there's a reason cars are as big/heavy as they are, might be the best we have tech wise, might be the best for safety reasons, not really sure.
I'm not saying don't take action, I'm saying be realistic about the timeline and don't expect the world to change overnight. Just throwing money around won't necessarily help either, since it's a tech problem. It takes talented engineers and time to solve these very very complex issues. There might be a limit and some of the issues might be unsolvable. That said, if it is solvable, it's more likely a thing that has to take 5-10-15+ years before it could happen.
Also if Biden's goal is to be green, maybe invite Tesla to the White House EV summit next time and honor and esteem them then rather than pretending they haven't led the way these past several years in making EV's popular and putting it on people's radars, making it trendy, desirable, and more feasible technology-wise
Words of wisdom and common sense, but unfortunately Marxism runs riot in America today.
Wow an NBC channel actually telling some truth
This guy is 1001% on point
As much as I loathe Frank Luntz he's a smart man who is talented at what he does.
We have become weak with no discipline, stay at home, cut back. Refuse to pay what they ask. We all could easily cut back on everything. Don't complain when you are eating 3 times a day, traveling and living in excess!
An insult to Carter to compare him to Biden
The Biden regime is WAY WORSE!
Carter refused to invade Iran. How did the other middle eastern invasions work out?
And Carter is still excoriated for not invading Iran. Just goes to show you what a great statesmen he was.
Also, this is an economic channel. Carter appointed Volcker to the Fed. And to this day, people think Reagan did.
Reagan's appointment to the Fed was Greenspan.
Just an example, Avocado in Costco came from $6-7/bag less than a year ago to $12-13 now. How much contribution to inflation comes from US foreign polices, such as disruption of supply chains and sanction against these and those countries? I feel it is substantial.
I stopped buying avocados a month ago. They were $2 each at Trader Joe's. An ear of corn is $ 0.69, used to be $ 0.25. Too much corn going into ethanol.
They didn't mention it, 🤔🤔
I think most of our avocados come from South Ameica.
@@ppumpkin3282 it’s $1 now where I live for an ear of corn
Haha my wife and I were walking through Costco just a couple days ago and were absolutely mind blown at the cost of avocados LOL. Sure, I love an avocado just as much as the next guy but there's no way in hell I'm buying them at that price. Let's see, add $12 to my Roth 401k or pay an extra $12 toward my principal on my mortgage or eat some avocados? Haha, people waste so much money it's their own dang fault that they're broke.
The headline caught my eye otherwise I won't watch CNBC -I can read a RSI and MSCD chart as good as you can. This pole seems to make sense. So long CNBC I won't be back for a year or so....
Thanks dad!🙋♂️
@@alandbs329 young and dumb... they were the days
Do you see rsi divergence on weekly on SPY?
Too much fake news.
Going to a grocery store now is insane. You definetly notice the high prices of food now. Forget about going to whole foods or nice organic stores. You use your car sparingly now and do not go out of town. How do they think we Americans deserve this? It does not impact them. This is exactly why people go and retire or live in third world countries which is a much better way of life. I was in Ecuador for 8 years. I have no idea why I returned now.
No" bags " ? To shop with & need to buy & re- use old bags ? N.j ..everything sky high price or not in stock ? .sad times ..
Did anybody noticed the background when this political analyst is talking about inflation? It’s very expensive house! It’s super funny to me
Let's rob him