U.S. Economy Is Heading For BANKRUPTCY

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  • Опубликовано: 1 июн 2024
  • The U.S. economy is heading for a disaster! Out of control deficit spending typically indicates a recession.
    #useconomy #usrecession #housingmarket
    Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor.
    Any information provided in this and any of Sachs Realty's videos and/or descriptions are for entertainment purposes only and not to be construed as broker representation, legal, financial or tax advice. All content written, spoken or implied is for informational purposes and deem to be accurate, but not guaranteed. It is your sole responsibility to verify any and all information for accuracy and correctness.
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Комментарии • 594

  • @CliveBirse
    @CliveBirse 18 дней назад +111

    The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

    • @mikegarvey17
      @mikegarvey17 18 дней назад +6

      People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

    • @Susanhartman.
      @Susanhartman. 18 дней назад +5

      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..

    • @NickRBellas
      @NickRBellas 18 дней назад +4

      I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

    • @KristinPMosher
      @KristinPMosher 18 дней назад +4

      @@NickRBellasHow can I reach this person?

    • @NickRBellas
      @NickRBellas 18 дней назад +3

      *Gertrude Margaret Quinto* maintains an online presence. Just make a simple search for her name online.

  • @mikemcglauflin8985
    @mikemcglauflin8985 Месяц назад +75

    Government sold us all out. This is now Rome in 410 AD.

    • @buy.to.let.britain
      @buy.to.let.britain Месяц назад +2

      since you let them get away with 911

    • @mikemcglauflin8985
      @mikemcglauflin8985 Месяц назад +1

      ​@@buy.to.let.britainwho would you say is "them"?

    • @buy.to.let.britain
      @buy.to.let.britain Месяц назад

      @@mikemcglauflin8985 george bush

    • @billya3628
      @billya3628 Месяц назад

      Government is enslavement, always has been, always will be.

    • @jonathansullivan3089
      @jonathansullivan3089 Месяц назад

      @@mikemcglauflin8985 the CIA et al, the same folks that offed Kennedy and blew up Oklahoma

  • @Nigriff
    @Nigriff Месяц назад +42

    We The People are pissed.

  • @user-pc5gt1fm4v
    @user-pc5gt1fm4v Месяц назад +137

    High interest rate
    High inflation
    Low earnings
    Spiking delinquency
    All spell
    Recession

    • @raymond_rnt
      @raymond_rnt Месяц назад +39

      You spelled Depression wrong

    • @giannagiavelli5098
      @giannagiavelli5098 Месяц назад +12

      This is not my interest rate this is a normal average interest rate the high interest rates are coming it's going to hit 12 to 15% in a year or two

    • @Tacman556
      @Tacman556 Месяц назад +5

      It’s called stagflation…

    • @raymond_rnt
      @raymond_rnt Месяц назад

      @@giannagiavelli5098 yeah, I see 12-18 in the next couple years. That's why I'm going ahead and buying now and getting out of where I am while I can

    • @Wis-husker
      @Wis-husker Месяц назад +14

      All planned..

  • @yvechapman9342
    @yvechapman9342 22 дня назад +3

    Back in 2020 there was a fairly wealthy local guy who was a regular at my gas station. One day he told me if there's any way to get out of the United States and still support myself, I should. I kind of giggled and shrugged it off but he went on to explain how the United States was headed for collapse in the next few years and that he was investing in a sailboat and putting his money in various foreign banks so he could bug out. One day shortly after that he left town and never came back.
    Fast forward to now and we're deciding between Africa and South America. What a world.

    • @silky2204
      @silky2204 20 дней назад +1

      I hear about the boat living from professionals. They are skipping out.

    • @user-uo7fw5bo1o
      @user-uo7fw5bo1o 18 дней назад +1

      Between Zimbabwe and Venezuela, specifically. ☹️

  • @MK-ft3qt
    @MK-ft3qt Месяц назад +109

    The people are already in a depression and we know it.😮

    • @mikemcglauflin8985
      @mikemcglauflin8985 Месяц назад +7

      De-pop. Gov sponsored.

    • @MK-ft3qt
      @MK-ft3qt Месяц назад +7

      @@marklampo8164 Whatever happens, no one asked to accept what will be shoved down our throats...you'll have no choice; However, there's a tiny chance people will not comply.

    • @Hdc2390
      @Hdc2390 Месяц назад

      ​@@marklampo8164 depression

    • @Hdc2390
      @Hdc2390 Месяц назад +2

      ​@@MK-ft3qtthey need not to comply look at what they did with COVID

    • @MK-ft3qt
      @MK-ft3qt Месяц назад +1

      @@Hdc2390 All the world is a stage.

  • @janeburgold1629
    @janeburgold1629 Месяц назад +71

    I love this channel because it is way more than real estate and is very educational. Thank you Todd for all you do!

    • @woobakhai864
      @woobakhai864 Месяц назад

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      Important Basic Physics Formulas with Examples
      1. Angular Acceleration
      α=Δω/Δt
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      Ans - 50/π
      2. Distance
      Distance (d) = Speed (s) * Time (t)
      Q. Suppose a dog runs from one end of the street to another end of the street and the street is 80.0 meters across. Moreover, it takes 16.0 seconds to cross to reach the end of the street. Now, calculate the speed of the dog?
      Ans - Speed = distance/time
      Speed = dt
      Speed = 80.0m/16.0s = 5.0 m/sec
      3. Potential Energy
      PE= mgh
      ● Where PE is Potential energy
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      ● g is the acceleration due to gravity
      Q. State the changes in energy types when a ball is thrown upward.
      Ans - When a ball is at ground level, the potential energy is zero. When it is thrown upward, it moves due to kinetic energy present in the ball by virtue of its motion. As it reaches its maximum height, the kinetic energy is converted to potential energy. As the ball comes down, the potential energy is again converted to kinetic energy.
      4. Gravitational Force
      g=G(Mm/r^2) =9.8m/s2
      Q. What is the SI unit of gravity?
      Ans - For SI units, this acceleration is measured in meters per second (in symbols, m/s2) or equally in newtons per kilogram (N / kg). Minimum "medium" surface area, known as normal gravitational force, by definition, is 9.80665 m/s2.

      Also Read: How to memorize math formulas?

      5. Surface Tension
      T=F/L
      where,
      ● F is the force per unit length
      ● L is the length in which force is act
      ● T is the surface tension
      Q. Why are water drops spherical?
      Ans - Raindrops are spherical in shape due to the presence of cohesive forces between liquid molecules and the surface tension of the liquid.
      6. Average Acceleration
      Average acceleration = V1+V2+V3+…+Vn/T1+T2+T3+…Tn, where V is the velocity and T is the time.
      Q. If an object accelerates from 20 m/s to 80 m/s in 3 seconds, Find the average acceleration for the object.
      Ans - 13 m/s^2
      7. Projectile Motion
      H = u sinθ/g (u is initial velocity and g is gravity’s acceleration)
      Q. Give one instance where you can visualize projectile motion in real life?
      Ans - Sneezing
      Sneezing is our body's natural reflex to eject foreign material from our mouth and nose. The particles and droplets that come out of your mouth travel in a projectile manner as they land on nearby objects and surfaces when you sneeze.
      8. Power
      P = W/T (W - work done by an object, T - total time taken)
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      Ans - Power is said to be 1 watt when 1 Joule work is done in 1 second.
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      v = u + at
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      v = final velocity
      a = acceleration
      t = time
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      Ans - Velocity is a physical vector quantity; both magnitude and direction are needed to define it. It is measured in the SI (metric system) as meters per second (m/s) or as the SI base unit of (m⋅s-1). Velocity ​​is defined as the distance travelled by the body during a unit somewhere. The SI unit velocity is m/s.
      10. Coulomb’s Law
      F=Ke (q1q2/r^2)
      Ke is the Coulomb’s law constant, q1 and q2 are the charges and r is the distance between the two charges, F is the force.
      Q. When the Two-Point Charges, q1 = +9 μC, and q2 = 4 μC, are Separated with a Distance r = 12 cm, Calculate the Magnitude of the Electric Force.
      Ans - 22.475 N
      11. Friction Force
      Friction = (coefficient of friction) *(normal force)
      Ff = μη
      Q. Assume a large block of ice is being pulled across a frozen lake. Furthermore, the mass of the block of ice is 250 kg. Also, the coefficient of friction between the two surfaces is small μk = 0.05. So, find the force of friction that acts on the block of ice?
      Ans - 122.5 N
      12. Wave Speed
      Speed of the wave = wavelength * frequency
      v=νλ
      Q. What is the speed of a wave that has a wavelength of 0.5 m and a frequency of 600 Hz?
      Ans - 300 m/s
      13. Linear momentum
      Linear momentum = mass * velocity
      P = m * v
      Q. Determine the linear momentum of a moving body whose mass is 10 kg and speed is 30ms^−1
      Ans - 300 kgms^−1
      14. Force
      Force = mass * acceleration
      F = ma
      Q. A constant force acting on a body of mass 3.0 kg changes its speed from 2.0 m/s to 3.5m/s in 25 s. The direction of the motion of the body does not changes. What is the magnitude and what is the direction of the force?
      Ans - F = 0.18 N. Since the application of the force does not change the direction of the body, the net force acting on the body goes in the direction of its motion.
      15. Work Done
      Work (W) = force (F) * Displacement (d)
      Q. Compute the work done if 10 N of force acts on the body showing the displacement of 2m in the direction of the force.
      Ans - 20 joules.

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    • @techgaming-on4wg
      @techgaming-on4wg 10 дней назад

      I agree because i see peoples especially on RUclips shorts that they blame everything

  • @TheBLACKboard65
    @TheBLACKboard65 Месяц назад +28

    Everything is going according to plan. It makes me distrustful of "experts" who don't seem to understand this.

    • @billya3628
      @billya3628 Месяц назад +4

      Exactly.

    • @lalibel5310
      @lalibel5310 Месяц назад +3

      Sitting there with poker faces on pretending to be clueless of the plan.

    • @republicunited2183
      @republicunited2183 Месяц назад

      Global Reset. Turn ppl against ea other, create division, attack and remove beliefs, destroy family unit, disarm, force ppl to live in inner cities, etc. control and communism.

    • @peacefamily212
      @peacefamily212 Месяц назад +1

      Trust no body and I mean no body!

    • @gioiapharo7433
      @gioiapharo7433 29 дней назад

      The problem with that plan ….. this pattern has happened again and again in history …… the unforeseen consequences to the haves of power forget that they too are effected ……. power loses power - rich lose wealth- families are destroyed ……Even Dr Evil is destroyed …….. the reset is never what they planed

  • @michaelcostin2384
    @michaelcostin2384 Месяц назад +12

    All this is going to hit the wall. It's not sustainable and the debt is spiraling out of control. Inflation will crush this economy more and we don't have a booming economy, but strong inflation. People are at the point they can't take on more debt and the banks are cutting back. All thanks to the Federal Reserve geniuses of leaving interest rates so low, for such a long time.. The dollars days are going bye-bye.

  • @edgiles7648
    @edgiles7648 Месяц назад +10

    Bailouts don’t work bcz the people that caused the problems don’t suffer any consequences. They don’t learn and change. Bankers won’t change unless they have to pay the price and they witness their colleagues leaping from windows. Unfortunately for us, the bankers and politicians are in the same club…and we’re not in it.

    • @ben8405
      @ben8405 Месяц назад +1

      Why are we buying on credit?
      Got to thrift stores. Go, to
      get free giveaways.
      Go to get bargain buys.
      Do not pay interest! It will
      destroy you.
      Pay cash or learn to do without!

    • @ben8405
      @ben8405 Месяц назад

      INTEREST REALLY SUCKS!!!!
      Banks suck!

  • @mambowellness4855
    @mambowellness4855 Месяц назад +65

    Government intervention by stimulus has been the problem since the great depression. Coolidge let the economy run it's course. Letting a bad business fail

    • @shanejones578
      @shanejones578 Месяц назад +2

      Andrew Jackson is turning in his grave…

    • @gh-dw3tg
      @gh-dw3tg Месяц назад +1

      100% agree

    • @natalieoj3078
      @natalieoj3078 Месяц назад +3

      Right and those govt bail outs need to end

    • @ryanwhitley9789
      @ryanwhitley9789 Месяц назад +1

      Can't do that now. Too anti juish. Chosenites loosing any shekels is not allowed. Communism is juuda ism ✡

    • @buy.to.let.britain
      @buy.to.let.britain Месяц назад +3

      no free markets since 1913

  • @CoreyRoberto3244
    @CoreyRoberto3244 Месяц назад +33

    I really appreciate the dedication in each video you post. To be successful in stock markets, crypto and in this current Economy, traders should understand the crossover between asset classes & liquidity flow. Ann Elizabeth Messer focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.

    • @GeorgeJustice-dt3fz5564
      @GeorgeJustice-dt3fz5564 Месяц назад

      I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

    • @Saveasoul001
      @Saveasoul001 Месяц назад

      You trade with Elizabeth Messer too? Wow that woman has been a blessing to me and my family.

    • @AnDungMason
      @AnDungMason Месяц назад

      Please let me know how to contact her as I'm new to this.

    • @Philip-qs6gq
      @Philip-qs6gq Месяц назад

      I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

    • @CoreyRoberto3244
      @CoreyRoberto3244 Месяц назад +1

      she's mostly on Telegrams, with the user name.

  • @darrinrivers6293
    @darrinrivers6293 Месяц назад +3

    I read Anne Rand s Atlas Shrugged as a child. I've always considered that book fiction. Im rethinking my perspective. Love this.

  • @kevinschlosberg7124
    @kevinschlosberg7124 Месяц назад +72

    We could sell the state of California to the Saudis and reduce our national deficit….

    • @sonnywaters4149
      @sonnywaters4149 Месяц назад

      Any idea @kevin how much California contributes to the national coffers compared to the pauper Republican states like Mississippi, Louisiana, Arkansa, Kansas etc.? No comparison, our $$ flow to your districts, not the other way around. Grow up.

    • @christinadaly7743
      @christinadaly7743 Месяц назад +7

      Half of Mexico lives there , Saudis vs Mexicans ?

    • @BigHoTzMuZik
      @BigHoTzMuZik Месяц назад +5

      🤦🏾‍♂️😂😂

    • @1969bones69
      @1969bones69 Месяц назад +11

      Give it to the Chinese. You see how fast that place cleaned up with Xi's visit?

    • @sandblast5636
      @sandblast5636 Месяц назад +2

      you are a GENIUS

  • @hisham63polaris17
    @hisham63polaris17 Месяц назад +38

    Most of individuals are filling bankruptcy

    • @michaelcostin2384
      @michaelcostin2384 Месяц назад +9

      Absolutely. My friend runs a credit repair, credit debt consolidation business and since 2023 until now, he's never been so busy. He shares with me the debts that people took on and more people easily with over $125k in credit debits. That's not including lease cars over $1000 per month and high house payments. I'm sorry, the system is going can't manage all these loses. All these idiot inventors hoping for rate cuts, STOP, it's NOT happening. Fed lost that battle.

    • @silky2204
      @silky2204 20 дней назад +1

      Really?

  • @shannondavis5728
    @shannondavis5728 Месяц назад +16

    Something stinks to high heaven with these lease rates & home prices.Its homes that need to be demolished that have a price tag to make people do a triple take!!!Also the price per square foot ft that sellers & investors are asking is ridiculously inflated in most markets!!!!!

  • @tubewayarmy2
    @tubewayarmy2 Месяц назад +3

    Two people discussing a problem, not trying to prove how clever they are. Like a breath of fresh air.👍

  • @tonypadilla565
    @tonypadilla565 Месяц назад +7

    I remember selling bank-owned homes in 2010 and it was tough the banks were literally giving the homes away and buyers still negotiated closing costs and lower sales prices. Buyers didn't have the income and we didn't have inflation. Back then a buyer with a 20% down payment was a strong buyer seems like everyone is forgetting what was supposed to happen in 2019. If California unemployment continues to rise like it did in 2008 things can be very interesting.

    • @mikemcglauflin8985
      @mikemcglauflin8985 Месяц назад +2

      Bought in May of '09. Still struggling to keep it. Employers are gone.

    • @tonypadilla565
      @tonypadilla565 Месяц назад

      @@mikemcglauflin8985 my mom got laid off in 2018 and my pops in 2023. Trust me I understand and see what's happening it's a set up from the feds and the bankers

  • @RobWilliams007
    @RobWilliams007 Месяц назад +2

    I totally agree with him. I am in CA and was trying to sell my house in 2006 - 5 bedroom 3 bathroom house in a good neighborhood and was built in ‘99. And it wasn’t selling - had two offers and both fell out. A lot of people couldn’t understand why we couldn’t sell as it was such a nice house and priced well. I knew something was up. I then had a friend who was investing in real estate and was buying a new built rental a few miles from me and I told him not to because something wasn’t right with the market. He bought it. Later, he lost 5 properties.

  • @pinangsungai2116
    @pinangsungai2116 Месяц назад +12

    It's greed. Who is benefit from the the over 800 billion budget for the military.

    • @silky2204
      @silky2204 20 дней назад

      With the worldwide military threats anything can happen.

    • @user-uo7fw5bo1o
      @user-uo7fw5bo1o 18 дней назад

      The Military Industrial Complex!

    • @techgaming-on4wg
      @techgaming-on4wg 10 дней назад

      ​@@user-uo7fw5bo1oand a business that should be handled with care

  • @venturabushcraft5916
    @venturabushcraft5916 Месяц назад +8

    Debt is not the American dream. The American dream is financial freedom and security. Take back your country by seriously fixing your finances and staying out of debt! Take back your homes, take back your lands, take back your country.

    • @iamsoogi
      @iamsoogi Месяц назад +1

      easier said than done honey!

    • @rusnahjohare8931
      @rusnahjohare8931 Месяц назад +3

      The results of having too much wars on other countries, trillions spent on unnecessary wars ...so the result is the collapsed of internal economy.

    • @venturabushcraft5916
      @venturabushcraft5916 Месяц назад +1

      @@iamsoogi Nothing worth having ever is easy. God bless you friend.

    • @silky2204
      @silky2204 20 дней назад

      @@venturabushcraft5916 The Deep State is working against the middle class. They wnt thhe 99% dead.

    • @gokarengo
      @gokarengo 17 дней назад

      We have a 2nd amendment that states if unelected tyrannical globalists try to overtake Americans using power we have the right😊s to defend ourselves because this danger always exists

  • @user-vb8yf8be3l
    @user-vb8yf8be3l Месяц назад +17

    What went wrong It is gov the american people cannot afford teachers ,schools, medical, taxes or gov

    • @Hdc2390
      @Hdc2390 Месяц назад +1

      The ongoing pandemic

    • @CryptoHuncho
      @CryptoHuncho Месяц назад +1

      Don't forget about police officers,doctors and nurses nobody wants to be any of those things anymore

    • @user-vb8yf8be3l
      @user-vb8yf8be3l Месяц назад +2

      @@CryptoHuncho They want the huge pay and benefits

    • @CryptoHuncho
      @CryptoHuncho Месяц назад

      @@user-vb8yf8be3l America is done ain't none those careers paying shit no more its gonna get ugly the next 10 to 20 years gen z too lazy😂😂💯

    • @silky2204
      @silky2204 20 дней назад

      Devaluation of the dollar.

  • @opaca512
    @opaca512 Месяц назад +19

    Greed. Greed got us in this mess, greed will keep us here.

    • @paulb9156
      @paulb9156 Месяц назад

      Yep. Rinse and repeat.

    • @paulmessenger9836
      @paulmessenger9836 Месяц назад

      Greed is good greed is right

    • @silky2204
      @silky2204 20 дней назад

      Speak for yourself. The Deep State is at work.

  • @user-cp7zk9ll3n
    @user-cp7zk9ll3n Месяц назад +2

    Having taught economics and statistics in college in the 80’s I agree money supply is critical to understanding the economy. Tax rates.. interest rates.. deposit requirements etc all have effects on money supply to exponential degrees.
    The asset bubble has been huge and like all bubbles will burst. The national debt interest will consume 50% of the federal budget shortly.. absolutely insane and criminal political mismanagement in my view.

    • @silky2204
      @silky2204 20 дней назад

      The Deep State has no mercy.

  • @JohnDaniels
    @JohnDaniels Месяц назад +30

    "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

    • @jjmcwill1881
      @jjmcwill1881 Месяц назад +3

      He was right.

    • @SK-fp4ed
      @SK-fp4ed Месяц назад +6

      It was the government that went from the gold standard to printing paper money. It is the federal reserve that controls printing money.

    • @JohnDaniels
      @JohnDaniels Месяц назад +3

      @@SK-fp4edI don't know what the answer is, it seems like even if we have good laws put in place they can be easily changed by the next administration and Congress.

  • @rineleff2009
    @rineleff2009 Месяц назад +8

    The government currently lacks concrete strategies to address inflation. Inflationary pressures are impacting various sectors, including stocks, housing, and commodities, causing their prices to rise. It is not advisable to keep your money idle and wait for a market crash. Instead, it is prudent to put your money to work by starting with cautious investments and gradually increasing your pace as prices decline further. Withdrawing a significant amount of money, exceeding $500K, from my account at this time presents a challenging decision.

    • @user-fb2hk7vu3q
      @user-fb2hk7vu3q Месяц назад +2

      In my opinion there are certain investors who are still managing to generate substantial returns despite the unfavorable market conditions. Achieving similar results requires skill and expertise.

    • @KarenLynnOlsen
      @KarenLynnOlsen Месяц назад +1

      With the current market trend I stopped listening and taking financial advise from these RUclipsrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice.

    • @SarahHurtWilson
      @SarahHurtWilson Месяц назад +1

      Interesting, I’ve actually been looking into getting one, lately the news I've been seeing in the market hasn't been so encouraging. If you don't mind me asking who's the person guiding you?

    • @KarenLynnOlsen
      @KarenLynnOlsen Месяц назад +2

      She goes by ‘Wendy Birkett” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

    • @SarahHurtWilson
      @SarahHurtWilson Месяц назад +1

      Honestly I appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Wendy Birkett up and send her a message. You've truly motivated me. God's blessings on you.

  • @aaronsullivan1628
    @aaronsullivan1628 Месяц назад +37

    This world has no future. You first need to come to terms with that reality. And then … there’s more.

  • @ourownbeautiful423
    @ourownbeautiful423 Месяц назад +18

    He said inflation hasn’t showed up. I just realized that I’m like everyone else, one check away. The depression is what I’m looking out for now.

    • @toddlavigne6441
      @toddlavigne6441 Месяц назад +1

      If this guest said that then he proved himself to be out of touch

    • @silky2204
      @silky2204 20 дней назад

      Think against the recession. My dowser does not indicate a recession.

  • @lavoisier2815
    @lavoisier2815 Месяц назад +22

    This Contrive System is just coming apart. A PHD doesn't make you smart. Smart is what you do that's smart Obviously. We will never have a Thriving Economy until we Decentralize our way of thinking. This Oligarchy System can't Sustain itself.

    • @shanejones578
      @shanejones578 Месяц назад +7

      This is fuedalism.

    • @keytolifestyle-
      @keytolifestyle- Месяц назад

      Issue is that UNESCO delivers INDOCTRINATION TO THE WHOLE WORLD. If you see The Liberty Sentinel or The New American Magazine by Alex Newman, he knows everything that has to do with education, Geopolitics & the state of this Country.

    • @paulmessenger9836
      @paulmessenger9836 Месяц назад

      You mean socialism

    • @lavoisier2815
      @lavoisier2815 Месяц назад +4

      @@paulmessenger9836 Not Socialism but a more all inclusive form of government some of it may involve some form of Socialism. When we Bail out Banks isn't that a form of Socialism or Welfare? China is in the Process of Decentralizing there Government and they are one of the fastest growing economies right now. We have a Oligarchy system where a Small group of People Control Everything.its not a Democracy.

    • @user-uo7fw5bo1o
      @user-uo7fw5bo1o 18 дней назад

      Oligarchical corporate welfare eventually has to fail, and fail spectacularly.

  • @sponkmcdonk3898
    @sponkmcdonk3898 Месяц назад +5

    Every 10 years like clockwork. They make money on the way up and down.

  • @dawnpetitt8162
    @dawnpetitt8162 Месяц назад +1

    Thank you Todd. Great guest interview.

  • @eyeinsee
    @eyeinsee Месяц назад +3

    America has a bad habit of lowering the bar for stupid people and i think it will be our unraveling.

  • @gregspeth7910
    @gregspeth7910 18 дней назад +2

    750 military bases in 80 countries 😂. $800,000 billion a year . Big problem

  • @deancapinegro4575
    @deancapinegro4575 Месяц назад +26

    The government is the largest employer under Joe- not small business. Look at the CPI for the last three years

    • @Nigriff
      @Nigriff Месяц назад

      Dems want us all dependent on government

    • @silky2204
      @silky2204 20 дней назад

      I cannot get a govt job.

  • @Resmith18SR
    @Resmith18SR Месяц назад +19

    We are all sitting around waiting patiently and eagerly for the SHTF. 😂😂😂

    • @mikemcglauflin8985
      @mikemcglauflin8985 Месяц назад +1

      That was 2020. Yeah, you're right.

    • @BigTomInTheBasement
      @BigTomInTheBasement Месяц назад +1

      Not eager for it. Things will get tough for a lot of people if the currency fails.

    • @Resmith18SR
      @Resmith18SR Месяц назад +2

      @@BigTomInTheBasement Hey, I've got news for you, hundreds of thousands have already been suffering for a long, long time. Homeless, malnourished, diseased.

    • @BigTomInTheBasement
      @BigTomInTheBasement Месяц назад +1

      @@Resmith18SR sure but it'll be a LOT more. Hundreds of millions. It's not something to be eager for.

  • @countrysister700
    @countrysister700 Месяц назад +1

    Let's say I put my teenage son in charge of Thanksgiving dinner. I come home to find the house on fire. "I have grandma's old dressing recipe but I wanted more dressing than your old casserole held so I poured it onto cookie sheets and baked at 500 degrees." Our leaders in government and commerce think they can change all the boundaries and break all the rules but get the same results.

  • @raymond_rnt
    @raymond_rnt Месяц назад +8

    Man, everybody I watch posting right now! Let's go Todd, thank you for the informative, as always!

  • @matrices3987
    @matrices3987 27 дней назад +1

    I contacted about 15 "realtors", every single one of them was either nonresponsive, could not or would not give me basic info about a rental or would not tell me how much rent would be etc. I looked at only one condo in person. Everything in it was of terrible quality and it had a joke for a kitchen. Bloggers whitewash this behavior as "the Philippines is different".

  • @Youknowwhatscoming
    @Youknowwhatscoming Месяц назад +2

    Really liked this episode after so many hopeless guests. It’s not doom and gloom but acknowledging that there are a lot of problems in the economy and we need to be cautious

  • @divinediva6320
    @divinediva6320 Месяц назад +7

    We can take the vacant mall and turn it into housing!!!!

    • @eyeinsee
      @eyeinsee Месяц назад +1

      No cinnabon no deal

    • @Hdc2390
      @Hdc2390 Месяц назад

      I read they'll close public schools to make the buildings public housing.

    • @silky2204
      @silky2204 20 дней назад

      Not me.

    • @user-uo7fw5bo1o
      @user-uo7fw5bo1o 18 дней назад

      Victor Gruen was the first to envision the mall, and he envisioned it as a town centre where offices, medical, schools, government buildings and services, and dense housing were all within walking distance despite parking lots. If you add all these things or even one or two of them (housing or offices are key) a struggling mall can recover. Vacant malls might be more difficult.

  • @dawhike
    @dawhike Месяц назад +14

    I had an Ivy League educated Russian history H.S. teacher, that quoted K. Marx, who said that Capitalism "Breeds" the Seeds of it's own destruction. I never forgot that.

    • @Wis-husker
      @Wis-husker Месяц назад

      Capitalism would work if the corruption was removed and laws were enforced.

    • @shanejones578
      @shanejones578 Месяц назад +3

      It sure does. Sound money kept it honest, but it would’ve happened at some point just taken way longer.

    • @shanejones578
      @shanejones578 Месяц назад +4

      When the money turned fake; anything was possible.

    • @marblox9300
      @marblox9300 Месяц назад +6

      It's absolutely true. Capitalism needs constant government interference to keep it from collapsing.

    • @Resmith18SR
      @Resmith18SR Месяц назад

      Capitalism incentivizes human greed which is infinite and this is what's happening in the U.S. It creates huge income and asset inequality that becomes intolerable over time. It's becoming intolerable right now.

  • @robertbender73
    @robertbender73 Месяц назад +4

    Being in mortgage banking industry for 40 years, if economy faulters and Fed has to drop rates quickly, the housing market will be flooded with the rush to either get out or dump and move up.

    • @silky2204
      @silky2204 20 дней назад

      O.K.

    • @jmg8246
      @jmg8246 18 дней назад

      Not when no one is buying our treasury bonds. Only thing Fed can do is rising the rate to dump the treasury bonds...

  • @Nigriff
    @Nigriff Месяц назад +9

    Go Woke, Go Broke.

  • @user-ip9ec1zv6y
    @user-ip9ec1zv6y Месяц назад +4

    There seems to be a willingness to recognize the real-estate value colaspe because the common citizen suffers the loss. However, price resets will have to ocurr across the board because people will not be able to carry these prices. For instance, I personally can't wait for cars to permanently drop to 20 or 30k. Stay tuned massive demand drops are on the way.

  • @Nicole-zv7ee
    @Nicole-zv7ee Месяц назад +6

    I finally understand M1, M2 & M3 money supply now, because of the explanation that he gave. Thank you for another great video!

  • @tj2791
    @tj2791 Месяц назад +5

    Todd, please get a guest that can give us some useful real estate info. Thanks!

  • @user-xl6vt7ev2s
    @user-xl6vt7ev2s Месяц назад +14

    Don't hear in any moment these guy's address the real reason US economy is going down.
    Greed.
    Egotistic
    Abuse
    Hope US is willing not to wage wars to keep the economic power they are losing.
    It's time to share. There is enough for every country to be strong.
    Grow but also let others grow as well.

  • @Z.N588
    @Z.N588 Месяц назад +1

    The end of the U.S economy , it was never the richest anyway

  • @berhanegebriel3155
    @berhanegebriel3155 Месяц назад

    Excellent interviewer and interviewee. Everything right on the spot. You and kitco's Michelli Makkori are my favorites.

  • @drmarkow1111
    @drmarkow1111 Месяц назад

    Yeah!!! Was waiting for the gold mention, had to stick around to the end. 🎉

  • @user-uo7fw5bo1o
    @user-uo7fw5bo1o 18 дней назад

    We've been on the Red Queen's treadmill and known it at least since 1974 when the first voices against unsustainable deficit spending were first raised.

  • @itninja7771
    @itninja7771 Месяц назад +1

    We gave 3 trillion in tax breaks to large corporations. this was during the trump administration. This tax money no longer was funding our military, Veterans Adm, FBI, Agriculture, transportation Etc. Departments. Thus, we made up for this lack of funding by borrowing and adding 3 trillion to our 33 trillion-dollar federal deficit. this caused inflation etc.

  • @RobWilliams007
    @RobWilliams007 Месяц назад

    Excellent! Thanks.

  • @silky2204
    @silky2204 20 дней назад

    Back in 1997 the commercial buildings had tenants but the tenants were always trying to get cheaper office space. This wasTexas. The Crescent was a place where everyone wanted to be because of the neighbors. But, the Hunts owned the Crescent so the payments were not oppressive like with a commercial building that has a mortgage. So, with commercial buildings with leverage and no or 50% occupancy and a need to refinance at today's interest rates the situation could lead to many defaults.

  • @zeebee2407
    @zeebee2407 Месяц назад

    Excellent video. Very informative!

  • @chat5254
    @chat5254 Месяц назад

    Great info. Thank you!

  • @rudycammorata3502
    @rudycammorata3502 Месяц назад +8

    Its about time ! how can you classify workers as 1099 when they don't have a single write-off ...you don't have any write-offs AND YOU GET STUCK WITH FULL BOAT TAX LIABILITY ( THE POOR SCHLEP THAT NEEDS A JOB GOES ALONG WITH IT) while the employer writes off EVERYTHING. ( a construction worker, roofer shows up at everyday for the same employer HE'S AN EMPLOYEE !!...although I guess he can write off his hammer. tell your foreman you have to leave and finish up another roofing job and you will be back tomorrow..if your a legit 1099 that's what you would be able to do . IF YOU HAVE A COMPANY AND CAN'T AFFORD AN "EMPLOYEE" THEN MAYBE YOU DON'T HAVE A COMPANY

    • @duanemcdonald6960
      @duanemcdonald6960 Месяц назад +3

      I don't think enough people understand the situation. Both employers and employees. And this it's become a massive small business and employment pitfall. Should require a legal disclosure for contractors.

    • @rudycammorata3502
      @rudycammorata3502 Месяц назад +1

      ​@@duanemcdonald6960you can have a disclosure a foot thick the IRS doesn't care what is signed the IRS spells it out clearly with a simple test and that will stand.

    • @duanemcdonald6960
      @duanemcdonald6960 Месяц назад +3

      @@rudycammorata3502 not for the IRS, for the unfortunate people getting taken advantage of. Sure they have vaguely defined a test of contractor vs employee. But look at what is actually happening as well

  • @elir.torres8642
    @elir.torres8642 17 дней назад

    This guy is right about building and home prices im the same block. I used to do home loans and the price of your property is based on average price sell data on your block. If a building is refinanced and your building looses values so will adjacent properies and the reverse is teue conversely.

  • @jtcouch
    @jtcouch Месяц назад +6

    Bricks and mortar retail weakens as Amazon and its ilk see online purchases and deliveries gain market share.

  • @vermeerrecpt9290
    @vermeerrecpt9290 Месяц назад

    Excellent and practical, as well as level-headed, explanation of the perilous position of the US economy. Wise people should prepare for the worst and hope for the best.

  • @alabamashagreen2106
    @alabamashagreen2106 Месяц назад +1

    Great show!

  • @shirlebryant9427
    @shirlebryant9427 Месяц назад +1

    EXCELLENT

  • @The1shotcallaz
    @The1shotcallaz Месяц назад

    Excellent interview 💯

  • @loribayne5109
    @loribayne5109 Месяц назад

    Another home run guest!! Great info!

  • @Nigriff
    @Nigriff Месяц назад +2

    Let's Go Brandon 🎉

  • @shannondavis5728
    @shannondavis5728 Месяц назад +3

    United States is the largest corporation in the world & all the taxpayers are the employees of this corporation….so this company/corporation “policies” matters!!!!!#WeCantMakeThisStuffUp!

    • @SK-fp4ed
      @SK-fp4ed Месяц назад +1

      The government is the largest institution in America. It is the government that controls the money, businesses, and economy.

  • @dearhumanityihaveaquestion
    @dearhumanityihaveaquestion Месяц назад +1

    Nursing SHOULD be added to "productivity growth." Hospitals would collapse/ not take care of nearly the same amount of patients without nurses and CEO's sure wouldn't get their huge (ridiculous) bonuses. Nurses constantly have forced, expanded productivity for hospitals with increased patient ratios and pressure for faster turnover/discharging patients to fill the bed with new patients -- a RN who also has an econ degree

    • @merlerust1703
      @merlerust1703 Месяц назад

      And don't forget the M.D.s

    • @dearhumanityihaveaquestion
      @dearhumanityihaveaquestion Месяц назад

      @@merlerust1703 I agree, we are all pawns at this point. Time for massive change that benefits everyone except the ceo's padded bank accounts.

  • @metrocaptain
    @metrocaptain Месяц назад

    Great interview, Todd. Keep these coming. He seems very knowledgeable and based.

  • @detectiveofmoneypolitics
    @detectiveofmoneypolitics Месяц назад

    Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊

  • @gem3092
    @gem3092 Месяц назад

    EXACTLY!!!! I feel the same about being a parent!

  • @Crabby007
    @Crabby007 27 дней назад +1

    We have to get control of these billionaires who think they can just do whatever they want.

  • @user-qv8mi3tb5o
    @user-qv8mi3tb5o Месяц назад

    Your channel has been killing it lately with the topics, keep up the great work

  • @CT-ig2oz
    @CT-ig2oz Месяц назад

    Great knowledge and very truthful

  • @JT-px2ev
    @JT-px2ev Месяц назад

    Very knowledgeable

  • @natalieoj3078
    @natalieoj3078 Месяц назад

    Excellent show interesting covered so many important topics for all listeners

  • @michaelchurch1477
    @michaelchurch1477 Месяц назад +5

    Great work!

  • @gardenparty3288
    @gardenparty3288 Месяц назад

    Todd, thanks for the variety and quality of your guests. I trust this ones 'current' opinion regarding the security of bank deposits.

  • @jeffnapoliello
    @jeffnapoliello Месяц назад

    Thanks!

  • @chubbtscott6877
    @chubbtscott6877 Месяц назад

    Appreciate the information 🙏

  • @tombox2759
    @tombox2759 18 дней назад +1

    Chapter 7. You all get the day off.

  • @Dalshin
    @Dalshin Месяц назад

    speaking of ivory towers...do you have one for sale

  • @pauldusa
    @pauldusa Месяц назад +5

    Neither of you both didn’t mention about the rich given money that the middle class didn’t get

    • @Resmith18SR
      @Resmith18SR Месяц назад +2

      You mean like the almost 1 million dollar PPP loan that Tom Brady received and was later completely forgiven by the U.S. government? Tom needed that million to buy his new yacht. Don't you understand? 😂

  • @lot2196
    @lot2196 Месяц назад

    GM sold 594,233 vehicles in the first quarter of 2024.

  • @ColdPotato
    @ColdPotato Месяц назад

    The only good thing about this is, it's getting so bad that I don't think the current regime can keep it covered before elections. I hope people wake up and keep politicians on both (lol like there's two sides) of the aisle accountable.

  • @roadtrip2943
    @roadtrip2943 Месяц назад

    Divide 72 by the cpi increase rate.at 2% prices double in 36 years. St 3% prices double in 24 years. At 4% prices double in 18 years at 5 % prices double in 14 years at 6% prices double in 12 yesrs

  • @RobWilliams007
    @RobWilliams007 Месяц назад

    The only way to keep corporate America from buying up all the single family homes, is to offer the seller a $3 to $5,000 tax rebate for selling to a non-corporate entity and or charge corporation for buying them (but, they have so much money that it would probably be better to give an incentive to the seller).

  • @carolynklestinec8589
    @carolynklestinec8589 Месяц назад

    In the 80's when we were broke and housing was less lots of commercial buildings office were turned into studio apartments . Retro fitted , and large comercial factories into trendy lofts . We have tonns of homeless on the streets . And now millions of young men across the border . It is a natural fix . No more tiny homes . Studio apartments for buildings already in metro areas . Put these young men to work with the retro fit construction. Tire them out with hard labor keep them from mischief and theft .

  • @patriot7633
    @patriot7633 Месяц назад

    Good analyses.

  • @jonathanchristman335
    @jonathanchristman335 23 дня назад

    I cut down our living expenses low to the point I can get my wife and I out of credit card debt by the end of the year. 17k left
    But would it just be better and pay those minimums and instead just buy physical gold?

  • @stevenevangelist5221
    @stevenevangelist5221 17 дней назад

    Wendy's was empty yesterday. It was $1 Tuesday Jr. Cheeseburger buy another item. Lunch time.

  • @antoniann649
    @antoniann649 Месяц назад

    Sensible citizens need to get jobs in the city councils, zoning boards, school boards, precincts, courts, town halls, legislators office and Gov't jobs. Spend money only on companies that support your values. Help make the changes needed

  • @caradelatorre7710
    @caradelatorre7710 Месяц назад

    I have never been unemployed because of a recession. I worked at a movie theater and a grocery store in 2008. Now I work in the healthcare sector only because of being a housekeeper at a decent size level two trauma hospital Washington state. Is this consider part of the service sector or healthcare or both. I doubt even in a downturn this job will not go out of business. When three out of every five patients is a senior and on medicare and possible medicaid if they are poor enough. I also work part time washing dishes at a retirement/assisted living facility. I also work in home care on call and another assisted living facility on call as a caregiver. yes there are low paying jobs. Pay between $17.50 to $21. In my six years at the hospital I have 100+ people not stay in housekeeping there. They leave, retire or change department leaving multiple openings. Do you think the younger generations are lazy when it comes to wanted to work or just fusterated with wages and cost of living? I read comments after many videos where the young refuse to work two low wage jobs and still be broke but complain about emigrants taking jobs at these rates of pay. The biggest fear I have if politicians reduce funding for medicare, medicaid and social security to get the debt under control. I bad as this sounds I would reduce foreign aid to Ukraine and Israel and to see what happens in the wars. I think sadly Ukraine is not going to win outright against Russia because they have more troops however the are now resorting using golf carts and and normal trucks for military entering Ukraine.

  • @glauciomotta8600
    @glauciomotta8600 Месяц назад

    Great content!

  • @rogeredson8709
    @rogeredson8709 Месяц назад +4

    4 more years of Mr Magoo will save us

    • @sandblast5636
      @sandblast5636 Месяц назад

      100 % correct Democrats are blaming Trump for the problem.

    • @topdev_tech9156
      @topdev_tech9156 28 дней назад

      lol MR Magoo!

  • @robertstaats8391
    @robertstaats8391 Месяц назад

    Ya it's already here Todd you can see it.

  • @stevo728822
    @stevo728822 Месяц назад

    So M0, M1, M2, M3, M4 are categories of liquidity. With M0 being the most time liquid and M4 being the least time liquid.

  • @mirgolammowla3173
    @mirgolammowla3173 Месяц назад

    Responsible for wrong policy of USA. Sanction issue is the key factor .

  • @acesupsilver1039
    @acesupsilver1039 Месяц назад

    in 2008 it was called bank predatory loans... lines of people in L.A. trying to get help from some bull group called NACA..I had to take a government course on accounting when I went bankrupt! I now could show the Government how to get out of this! Peter Schiff Style..lol

  • @treespirit2000
    @treespirit2000 Месяц назад

    Great guest, but where does his name appear in your show notes?!

  • @norahathson4318
    @norahathson4318 Месяц назад

    Thank you Todd. I’ve learned so much from your streams! 👍