"Affordability Crisis" - Dan Bongino Reveals Why Inflation & Prices Will NEVER Go Down
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- Опубликовано: 22 май 2024
- "It's the economy, stupid!" In this clip, Patrick and Dan Bongino have an in-depth talk about how the economy is affecting Biden's chances of getting re-elected this November.
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News Alert! Inflation hasn't just started to affect us. People have been suffering greatly from inflation for almost a century, but notably after 1971. During the industrial revolution, prices of products and services were auctioned down to the point that consumers could literally buy them for as little as a penny thanks to a free market and sound money. All of the problems we have today are a result of government meddling.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
I think it's great to use a portfolio advisor when investing. Before I met with a certified portfolio advisor during the pandemic crash in March 2020, I had recently started having terrible dreams. Finally, with the help of my advisor, I was able to increase my initial investment of $400k to over $2.8 million dollars.
Where may one locate a wise FA? Even while I like the idea of using their services, it's unfortunate that recent stock market catastrophes have started to happen more frequently.
Yes, ‘Melissa Terri Swayne’ made headlines in 2020, but I'm not sure if I can bring her up in this context. She manages my portfolio and acts as a counselor for me.
I did look her up; she is full up, and her credentials and resume are excellent. Regardless, I scheduled a consultation with her.
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan...
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
Hello Allen, How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
I worry the inflation will eat up my savings if I leave it in the bank. I have about 180k that I want to invest in the stock market, but I don't know how to start. Any suggestions?
Inflation is really a silent eater of the value of your money. Good thing the stock market can help you beat it. But it's wise to actually learn how to invest, or to make it easier and more effective, you could work with a financial advisor.
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
*Sharon Lynne Hart* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thank you for the recommendation. I'll check her out and hope I am able to book an appointment with her.
Having an extra $400 set aside doesnt even cut it for any emergency expense. You need to have at least $5000 for any emergency expense. $400 doesnt even buy tires for a car.
Tell me about it. I can’t tell you the last time I could afford brand new tires. Even used tires are expensive today.
Unlimited Money Printing = Prices Rising
Yep, inflation is when too many dollars are chasing too few goods
🎯🎯
Oh you mean to offset companies chasing perpetual growth? Where do you think the power to print money comes from? You can’t blame the medicine and ignore the sickness.
@@jesusgaud8 nah fam, I mean Unlimited Money Printing = Prices Rise.
Unlimited my arse!!
High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
Mind if I ask you to recommend this particular coach you using their service?
'Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
It’s hard for most people to admit when they’re not doing well. They feel like they’re failing, when in reality prices on everything are out of our control.
So true!
Whats trump solution for it?
@@michaelc1063trumps only solution is for himself to try to stay out of prison!
@@michaelc1063He's said it a thousand times it first starts with energy.
@@sensible7668 so no solution. Or will he tell us next week.
High inflation is followed by uncertainty and panic, making me wonder if it's time to liquidate my $200k portfolio, or maybe consider some defensive investments. I've heard analysts emphasize on value stocks performing good, what stocks exactly can be the ultimate hedge?
consider diversifying your portfolio with a mix of stocks and stable assets, seeking professional advice could also be valuable to navigate market uncertainties and grow your investments amid inflation
True, expert guidance is vital for compounding and achieving proper asset allocation. At first hand experience, I've been able to grow my portfolio from $180k to approx. $650k in barely 3 years now. Financial fitness requires staying committed.
that’s some interesting numbers, mind revealing this person guding you ? he/she must be a seasoned advisor
Vivian Jean Wilhelm is the licensed advisor I use. Just google the name. You’d find necessary details to work with and set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
4 years ago, we had all of our credit cards and all other debt paid off and saved a lot. Now our savings are near gone, and our cards are all racked back up. I am pissed.
In 2020 when Trump was "in charge", The Fed ramped up "money printing" to a rate that was completely insane whilst Trump was completely bamboozled by Big Pharma & Co. If Biden is to blame, Trump certainly is too. It matters not what party is "in power". America is plunging into debt faster and faster.
Prices will never go down because the currency is dying and they have to keep printing and spending larger and larger anounts of currency to keep the system going . Its fiat central banking
🎯🎯
You have no idea what you are talking about- take several seats.
@@jesusgaud8And you do? Let's hear your counter argument
@@jesusgaud8do u love america
@@jesusgaud8 It's literally that. Expansion of the money supply. Show any example of Hyperinflation that wasn't a result of central bank printing. It's literally soft money entering the system which devalues the entire system through debasement.
$400??? Emergency lol no emergency is $400 any more
My radiator on my Subaru started leaking and it costs exactly 400 $ for a new one. (Genuine Subaru part) I am installing myself because I'm good with cars and have tools. But I imagine it would be 700$ if they did it.
I have a 3 year old and only make 1000$ a week on a good week. My hours usually get reduced so I make less.
I can't live like this.
😆by mistake my bxtch got herself locked out and to take that bitch key out it was 120 bones (in the Midwest) where everything should be cheaper lol
@@col.cottonhill6655 get a higher paying job. Prices aren't going down so your income needs to go up.
So true. The cheapest emergency is at 750.
Facts
What is a $400 problem? A flat tire? A battery is almost $200. The alternator is almost $300.
That was my thought.. that’s the scariest part smh
$400.00 is not much money nowadays.
A few months ago my patio window was shattered and it cost almost $600.00 to replace it.
@justmyopinion9883 wtf? That is so expensive all I can do is laugh😂 I'm sorry man, we all get it. Basic stuff is WAY too high it's crazy. A freakin window... what a world
@@bedtimestories1065It was a full length sliding glass window. I seriously thought of just having my son nail piece of plywood up there. 🫤
Every time there was a financial crisis we printed more money. This isn’t solving the crisis, it’s just sweeping the glass under the rug. We are not living through a new crisis, we are living in the shockwave of the old ones.
You're right in that printing money to solve a financial crisis may not be the answer.
But, when something does happen, the public is complaining on TV that they're financially struggling during that crisis. With the government needing to do something, what else can they do? Sure, people should be saving money for a rainy day, but yeah right... people won't do that.
Didn't Trump pump money into the economy too?? Not a Biden supporter here either
I love how you put it. We are living in the shock waves of crisis from decades ago. We are struggling.
Whats the solution?
The fed will never let the economy fail
I’m borderline middle/upper class. When I go grocery shopping, I don’t feel rich. Far from it. I don’t understand how the median income families are getting by.
We start making sacrifices. Sometimes the lawn doesn't get mowed this week. No more eating out. Taking no more then 5 min showers. Getting rid of things like hulu and Netflix, maybe go as far as getting rid of home internet. It's until people are deprived of the basic necessities will people revolt.
@@indoornepenthes7809 I’ve already done all that except getting rid of internet. Need it to work. I started doing my own lawn care last year.
@@indoornepenthes7809Also, I buy clothes at the second hand store, buy household items at the dollar store and never go to the grocery store without a list.
You have two high income earners and no kids. Also you bought a house when rates were historically high and job hopped during 2020-21 when companies were on hiring sprees and workers had a lot of leverage to demand higher wages. At least that's how I do it. Certainly can't afford to be a median income family with dependents. That's a recipe for disaster.
A real emergency is $2500 for most people. $400 ain't it and I don't even know how they arrived at that number when inflation is a thing.
Just had to use $6,000+ out of my savings due to Thyroid cancer. Luckily I had it. Most don't
My kid had to have her braces removed because we can’t afford to keep a car. $50 to replace a used tire, maintain insurance, the Central A/C is out in our house. We moved into 1 room to stay cool. It’s not possible. To be comfortable, much less put excess aside to save. Capable, able bodied people are only allowed to be corporate slaves or participate in an economy that they’re unlikely to succeed in. Building a shelter on public lands is illegal. Before long we will be languishing on the street looking to rinse off in a gas station bathroom.
Fact's,,,,, outdated bullshit,,
$400.00 won’t even buy you a new refrigerator or washing machine.
@@robbro3589damn. I wish you the very best fam.
go back on the gold standard and drill our own oil, America should be rich.
So we can get Dutch disease?
That almighty dollar-what makes it worth its worth?
-It has its worth in workforce to buy production.
-It has its worth in purchasing force to buy products made in production.
For example, a company gives x amount per hour for x amount of workforce, which the employee uses to gain x amount of products. It's the societal way of earning your keep.
The thing is, the proportion of these two forces of worth (earning power vs. buying power) are very related but are treated like they are meant to be unrelated and allowed to swing over time disproportionately, consistently not in our favor.
If the price of a product goes up while the dollar earned per hour stays the same, then what in the system was changed to cause that effect?
- Money inflation (government overprinting of money)
- Reducing productivity (government halting/over-restricting)
- Increasing demand (government overpopulating with mass immigration)
- Increasing taxes (to pay for government overspending)
Are there more?
The dollar's value ultimately is related to two things:
-Americans' willingness to partake in a trade system based on getting back what you put in.
-The willingness of Americans to fight against the government trying to practice ideas that lead to devaluing the dollar so it remains getting back what you put in.
If anything, getting it to move in the opposite direction as a "whole." The growth of getting more compared to what you're putting in. This defines real economic growth.
Devaluing the dollar is not just devaluing the currency; it’s devaluing your worth as a workforce.
Money is a tool that’s supposed to integrate fairness in trade for one's work put into the system for the amount of product received in return. You can't just want stuff that everyone else produces and get it by manipulating the financial systems in a smart way that you somehow dignify as work to take from the ones that actually produce. That's evil. But hey, that’s how some smart people move in life.
By working our financial system against us in ways that devalue the value of our work, it ultimately leads to a lack of incentive to work. So, it becomes imperative that Americans understand the incentive to work is being driven out of society by design. Its not that people don't want to work.. The American dream has collapsed and there is no longer a real incentive to.
I wish to see a 1970s-type movement, but one more constructed to peacefully take back the country while having a good time doing it!
It's not that people are idiots and can't fix worldly problems, it's that people are too caught up the daily struggles along with their raw emotions and self-beliefs about things to have a clear mind to think of the right questions in order to get the right solutions to the important problems. People have been baited into an emotional mindset rather than a rational one. They have kept people emotionally caged to the same political talking points for decades. They know the emotional mindset is one that can be controlled. MAGA!
A bag of chips use to cost $1.49
Now it’s $2.89
Chips are unhealthy
@@thinkforyourself9334 Not one of these guys
"Life is short, eat the cake"
I saw a party size bag of chips for $8.15. I really scratched my head like who TF is picking that sh*t up?
Maybe it's a sign to not buy chips.
It will never go down because we have fiat money and they won't stop printing money ever
In reality this will be a 20-25 year problem. If you think its bad now, wait about 2 years. We are on the edge of the darkness. The American Hegemony is over
For sure. We’re just getting started. Can’t help but feel it’s all being artificially propped. My worry is the system may let fall when T gets back into office.
@@unitedwestanddividedwefall3521 I think its just timing. He will just happen to be the one in office when it does. However, I believe something catastrophic will happen before the election
I love being 23 years old and thinking of the future like this.
You wanna see high grocery prices ? Have a look in Canada's grocery stores. Criminally high.
I know exactly what you're saying. It's bloody despicable the way prices have gone through the roof. I'm just glad I'm old. More time behind me than in front of me.
They have free healthcare so they don’t care
The prices are in Canadian dollars btw.
That’s what I’ve been hearing.
Ya I live in Canada, it's over. Gonna have to start becoming self sufficient
Were looking at a lost decade folks.
I was driving to the next town over to buy a used tire and gas inflation got me.
Having a good plan towards breaking free financially is absolutely a good thing there are quite a good number of plans one can actually take pending on your clearity and how convenient/conversant you are with it. Nevertheless building a better tomorrow demand absolutely concentration, commitment, diligence and experience from either you or someone mentoring you on how to achieve set goals, as a matter of fact many successes still ballsdown to a good mentorship and guide, with awareness like these it shouldn't be any more a problem to compell one but rather encouraged one to make a good plan toward the future.....managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
The internet is filled with so many useful information about Francine Duguay crypto….
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
It really helped trading with Francine Duguay analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..
Doesnt matter who president is nothing will change without a recession and deflation
Yep. 💯 Peter Schiff says this all the time.
23 years old trying to provide for me and my wife. Groceries went from $100 for the both of us a week in 2020 to $250 a week. Inflation is the silent tax that is eating away at any chance of saving we might have had.
Oh so I guess your stimulus checks are gone now?
When government prints money it devalues purchasing power of that currency. As a result ASSETS go up… real estate, metals, commodities etc
If you are able, grow your own food and hunt for food. If everything crashes unexpectedly, you'll be prepared.
Wait I thought this was common knowledge. Inflation is permanent. The rate of increase may go down, but that’s it.
The lack of knowledge people have is insane. For example i was worrying and talking about inflation where the printed trillions of dollars in covid period. My parents called me crazy and i was like bruh thats common sense? And now they think prices will go down.. they are clueless cause they (50years old people) are born in the easy era
I’m not ok financially…..
Please know you aren’t alone. Most people can relate to what you said. I don’t believe the high statistics mentioned in this segment are accurate for the percentage of people saying they are doing alright. People are stressed out and struggling. If the endless printing of money is to blame, then the result is the high prices on everything. Cutting back on things only goes so far. I hope something good happens for you to make your financial situation better. Take care!
Whose problem is that?
One of my favorite time is going grocery shopping until I see all the higher prices.
Wonder how prices will be in 2030. 15 bucks for Big Mac?
Already 18 USD in California I believe
Expect to pay around $40 for a burger without the fries and the drink by then
A Big Mac is already $15.00.
@@phoenixtimesmetrothe MEAL is 15 (still ridiculous) but the sandwich it self is like $7
Big Macs are already close to $20 here
Just went to Japan.
Their prices compared to mine, NZ, were shocking, and the Japanese economy is not healthy. It shows just how out of control dollar values and exchange rates are
Not healthy? If they stay in Japan, all is fine.
It makes no sense that the Yen has dropped in value so much.
@@scottttym It's because the Japanese government is heavily in debt, a lot of bonds and exports are terrible currently
So it does make sense
Exchange rate to the yen is good for currencies worth more, eh the pound. It wasn't great for me as my currency is weaker than the yen, so I lost money changing each time.
Cheap prices in Japan though, much better than back home
Australia beef on sale in Japan cheaper than in Australia. WTF?
@@Forexfox99 I always bought Canadian pork and Canadian whisky for half the price of Canada.
Our governments tax everything
On the news this morning record travel numbers. Something is amiss.
I listen to dans program everyday at 95.7. The only station worth having on in KC besides 101.1 that is RIP Slacker
Good to see ya Dan.
We are living in very challenging times unfortunately!!
Groceries are twice as much in the past 4 years
He spittin
BIG FACTS 💯
My rent fkn DOUBLED NOT 10% who the fuk....
You should try being a small landloard, between taxes and Insurance it takes 5 mths to break even. Or better yet be an homeowner I have spent $100k this year, Roof, 2 A/C units, and windows and doors on order. It is crazy. I suspect all of this is from the Govt giving money to folks that really didnt need it.
@@mikec7220 Ukraine needs it to bribe corrupt officials who are just stealing it!
@@mikec7220 my landlord didn't do shit but Moved his daughter in downstairs. kicked out the paying family downstairs and doubled my rent to keep his daughter "in the black". I'm a capitalist I get it I really do. Have rental units pay your bills. But thats not a 1 to 1 (there are 2 units in this building) i went from $1325.00 p/mos 18 months ago to $2600.00 now! the only thing that has changed is now i have 125 sq/ft LESS than i had when i moved in as well as losing 2 radiators for my apt in the process) Remodeled my front hallway stairwell to INCREASE downstairs footage (NO PERMITS EITHER) My situation is unique in that his daughter doesnt work. NOT Disabled JUST DOESNT work. Im in MA (i.e. expensive) and moving anyway but if i wasnt i would be taking him to court i dint have access to breakers (AFTER ELECTRICAL WORK ON MAINS) or control of my heat (not included) ya i got some sq footage and a deal at 1.3k I know its hard "IF" you invest he hasnt (at least not for the paying tenants)
Kinda a rant but im outta here anyhoot which is why i havent called inspectors
Where do you live where your rent doubled. I cant believe rent went up 100%
@@mikec7220 Unless you bought your house in 2012. Then your housing costs is like DANG i can't move.
A bottle of store brand WFM Italian mineral water was 0.89 before Covid. Now it's 1.59, down from 1.89 when it was at its worst.
My home insurance went up 60% YoY in April and my car insurance (2 cars) went up 22% YoY also in April. We had no claims, no tickets, and discounts for being a long-term customer (Progressive). We have full coverage on the vehicles and full replacement costs on the house. So, yes inflation is crazy, cumulative, and is affecting everyday expenses of Americans, including the grocery store, gas station, utilities, property taxes, you name it... costs are up Cummulative since Biden took office.
Thanks!
Save your money. PBD's got enough.
I just saw a loaf of bread in HAWAII was $13.39 i still cant believe it .😊
Those who can tolerate pain the most the ones with the most endurance, give themselves the highest chance of winning in business. - Patrick Bet David
This keeps me going!
PRICE inflation is the result of MONETARY (money supply) inflation ie (printing Monopoly money to spend in DC). When you make more and more and more dollars, each is more and more and more worthless. That's why it takes so many to buy the same items.
How does supply trump circulation?
Remember, sports fans, inflation is global and interest rates are set by The Federal Reserve. Stop blaming/giving credit to Presidents for so many things that they have no control over.
Get ready for the fall, apply for a foreign passport ya’ll
Interest rate 7% in the 1960" - in 7 years doubled your deposit ! incentive to save not to consume.. economies are built on savings and investment. destroyed by debt and consumption.
Prices are here to stay. Gonna have to finance it longer to keep up with the Jonses.
So what about wages, or inflation just happens with stagnant wages?
Inflation is a silent thief, it’s eroding the purchasing power of our hard earned money.
I am worried about the impact of inflation on my savings, it’s like watching my money shrink.
Investing in assets that historically perform well during inflation, like real estate or commodities, can help protect wealth.
Educating people on the risk of inflation and the importance of financial literacy can help them make informed decisions.
True, personally I work with an expert financial planner, been with him for years and there have been a lot of great news, he helps me make informed decisions about my investments and savings.
2:20 how do u know ?
Where is the data from ?
*Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments.* 👌 ❤..
Awesome quote; I made the wisest decision when I put this quote into practice, I inve'sted with one of the best{Mrs Tonya Evans}. Now I receive weekly returns😊. . .
Did someone just mention mrs tonya!? Damn! You just made my day; what a coincidence.. I've worked with her for over 2years and I can tell how good she is
*with over 10 years of tra ding experience, mrs tonya has gained herself a good reputation by helping a lot of persons build their finances' through inves'tments.*
@ExpertEvans
She's mostly on Telegrams, using the user name.
It can go back down. Look at what is happening in Argentina. The President slashed the government and cut all of the departments and programs that weren’t helping people and, boom! Inflation is plummeting. We have to do the same. Our government is too big and too heavy. We have too many government officials spending money that we don’t need to spew because the programs aren’t helping!
Stop lying bro. Inflation isn't going down 😂
Lawsuits against insurance. Mandated coverage should not be manipulated.
So pissed 😤 🤬
And......people keep spending. Everybody's going on a cruise. Going on a trip. Credit cards running. " ya gotta live! " theyll say.
That’s because people aren’t struggling like RUclips makes it out to be.
@@Francisco-po1cf Credit card debt exceeded 1.3 trillion. The average American household now owes $7,951 in credit card debt, according to the most recent data available from the Federal Reserve Bank of New York and the U.S. Census Bureau. That's just the average. That doesn't sound to you like people are struggling?
That "finger stick issues" analogy killed me lol. Got to be careful around that guy.
Inflation is price increases. Deflation is price decreases.
The Fed never wants deflation
Cooperate greed is the cause of all of this.
Gov. Policy is constraining supply side … cut regulation and margins will increase, more will be attracted to take a chance opening up a business …. Supply increases
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
It has never been simpler to grasp how to expand your wealth than it is right now, thanks to the availability of competent portfolio advisors that can help you experience and learn about a market with a wide range of assets. I think it's impossible to predict how changing dollar values will affect assets.
Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
Could you recommend your advisor? I'll be happy to use some help.
Sharon Lee Peoples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
We are a family of 6, life in general in two years and half, cost us after taxes 1000$/months more !!! We did nothing, house, food, clothes, gaz,
The answer is simple just have our government print more stimulus checks to stimulate our economy again😂
I’m 26 years old. I’m an engineer and I bought my first home in Oct. 2023. I’m also a type 1 diabetic so the “finger stick” analogy resonates, but it couldn’t be further from the truth for my generation. There is absolutely NO WAY I would’ve been able to buy an average priced house if I wasn’t a top 5% earner for my age. And that really makes me feel bad for other people my age. So no, it’s more than just a finger stick issue. People my age are bleeding out
The customer is King 👑 and will ultimately decide what is bought and sold as the majority of consumers are not filthy rich.
And the price of a new car???!!!! It’s outrageous.
Prices are still going up here where I live.
It will never go down because there’s never enough for the elites
Prices going down = deflation.
You don’t want that. Companies would have to cut pay which leads to less spending and then a negative feedback loop.
I wish Adam was here to listen to Dan's explanation. The inflation rate is a compounding figure. Just because it came down from 8% to 3% doesn't mean inflation is down. It has only slowed.
Call it currency debasement
The ONLY thing that causes inflation is creating more currency, in 1971 it started with the NIXON SHOCK and in 2008 the Fred M1 chart started moving on 45 degree angle with TAARP QEs but went strait up on 90 degree angle when trump gave the PPP pre forgiven loans
That one print doubled the amount of currency in existence
I root for more because I moved 100% into btc in 2016
For years we have had monetary policy based on cummulative bad inflation data.
👍🏾👍🏾
Interview Martin Armstrong if you want to know the way out of this mess.
The immediate way to stop it is government needs to provide fuel at a standard federal rate... They but trillions of barrels a day for pennies on the gallon...
The Macy's credit card 💳 sits at 34.49% ,Target 🎯 not much better at 29.95%. These loneshark 🦈 rates are gonna bankrupt people 😡
I’m 43 and have a 25 yr old son and a 16 yr old son….. I feel terrible for how hard they have it compared to I had it at their ages. We all have it bad now and the only thing I was lucky enough to do was buy a home in 2014 so my mortgage is half what the cost of rent is here in Ga. In Ga homes were always relatively affordable until Covid and all the rich investment firms began buying and building all these homes and townhomes. Now there’s new homes everywhere and not for sale but only for rent! They caused the housing market to skyrocket along with inflation and these young folks if they can even buy a home will work to only be able to pay there mortgage or rent. Not to mention that since housing prices have doubled the goddamn taxes have went up hundreds of dollars a month so if anyone was on a tight budget before paying their mortgage they’re being squandered to where they struggle paying the increase in taxes on the homes. This is a giant mess. The middle class is vanishing as the rich buy up all the assets and rent them to us making it impossible for a great majority of hard working people to ever accumulate wealth. Middle class folks like myself need affordable houses we can purchase as it’s the only assets we can afford in our lifetimes to create a little wealth. And I haven’t even mentioned inflation on food, fuel, and necessities, or how wages haven’t even come close to keeping up with this inflation. What we have allowed to happen is a shame! The lies, greed and deception in this country are the downfall of it. Corporations own and run our government and many of our old presidents fought like hell to keep these central banks away. It began with the federal reserve and the corporations grew up around it and literally own all facets of government. If America ever wants to restore its freedom It will take a bloody revolution. Sadly it’s intentionally fractionalized and Gov is WAY too big and had WAY too much control for that to ever happen now. When they implement the CBDC’s it’s game over for any hope of finding our long long lost roots of a free constitutional republic. We’ve been losing our freedoms slowly since 1913 and the state has had its boot on the backs of the working class for so long everyone accepts it as normal! Don’t now why I typed all this just pissed off
Breaking Points finally pointed out prices spiked with Russian Sanctions. A country that tops all exports of real stuff - what could go wrong.
The "fingerstick" analogy is the PERFECT description....brilliant metaphor!!
The prices never go down except for gas and milk
I'm doing okay.... but it's getting harder and harder....
Can this be fixed? Where are the solutions?
They don't want a fix. The rich are getting richer. And that's all it matters.
Become an informed voter and vote as often as possible.
@@fatmonkey4716 I worry neither party can fix whats happening. I hope Im wrong.
@@abbasraza2430 Why are you waiting for others to fix things? Because I bet it is that same attitude that caused these consequences that we are facing today. People stopped holding government accountable and they started acting in their own interests instead of the people's.
Many people wish they had $400 to stock their kitchen these days - a very real emergency.
Remember when that group in congress dropped 6 Trillion into the system a few years back 🤔
Fingerstick issues = anklebiters in my slang.
Inflation is a FEATURE of a debt-based monetary system. Without more debt, the system implodes.
I got robbed last week in detroit so basicly dealing with shit economic policys and shit criminal policys. Im getting my money stolen no matter what i do. How is this sustainable
Is it me or that lineup on Dan makes my head hurt like you can feel the blade going against his tiny hairs on the green parts of his line up
Everything... EVERYTHING is more expensive!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Why are people so stubborn to only vote one way. Why vote at all?
What are you going to do with $400 for an emergency fund? That's maybe one trip to the grocery store.
How do you go from telling us we're doing bad to advertising a $60 event
Im higher lower class. I live paycheck to paycheck and im just barely getting by
crypto
2022 was the worst. I lost it all
Learn about BITCOIN
If you have a family, start shopping at sams club and Costco. Easily half the price of Walmart
You could slave away ALL of your Hours and it still feels like little “headway”