- From median home price (1950) of $7,354.00 to $426,056.00 (2023) is a *5,693%* increase. - From median income of $3,300.00 to $46,310.00 (2022) is *1303%* increase. The numbers don't lie. We're getting hammered.
The cost of everything has gone up significantly since 1970, and we had better quality jobs back then, a strong manufacturing and no competition in the international stage. We are in a much worse position today
@CK-ie4hp This applies to the Western World in general and especially the superrich have become even more superrich while the middle class has become poor.
@@phucdong-er6ct The “Nixon Shock” … this marked the beginning of the end for the Bretton Woods system of fixed exchange rates established at the end of World War II. In simpler terms, our paper money isn’t backed by anything.
This interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.
navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
Tried doing things on my own at first, failed abysmally at it,tried following a colleague's trading pattern, same result. Now, I need that professional rescue. Please direct me on how to reach a sound CFA
KATHLEEN CHERYL CONSTANTZ is who I work with. Have worked with her for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Kathleen sure knows her onions in this industry, from her intimidating profile which I went through, on her web home page. I started off last year tailoring a colleague's tradin strategies but it didn't pan out well. Hopeful that Kathleen will attend to my message.
I agree 100%. If I would print some money, I would go to jail. But "they" are writing laws for themselves, they can print the money and dilute the value of a currency, stealing from everyone who holds that currency. I don't know how that's not a crime.
That is EXACTLY why they have a so-called target inflation rate of 2%. Because if inflation was at ZERO - much of the spending would stop and they (the big money guys) don't want that. It is a system owned and operated by white collar criminals.
The GOVERNMENT HAS GONE ROUGE!! HELP US !! SAVE US FROM OUR OWN GOVERNMENT, THEY'VE JOINED THE DEVIL!! THEY'VE LOST IT.. NOT EVEN KIDDING ONE LITTLE BIT!! SOS. SOS. HELP
Yes. The way to keep people from misbehaving and quiet is to make them feel they have a sense of control and that they actually have a say in the electoral process and policies. The truth is self-evident.
You actually DO have a chance to change government. BUT this requires active participation and genuinely informed choice. Most people are sheeple, and Dems are outright stealing elections. Aand we aren't really doing our part.
It simply it was designed and planned and COVID was the pretest and 1 giant social experiment lmao lol. I don't hate proof, but the way shit in the world is planning out like a movie. It slightly unsettling lol.
What did you expect when women dominated colleges, home ownership, competed with men for jobs? Who’s the biggest winner from all of that : “employers” and tax collectors, who’s the biggest losers: “the American family”. I am not advocating lesser opportunities for women but I think we should have a stronger family support, by policies, laws and actions. Men and women should not be competing with each other, they should both support each other against a system that’s out to screw everyone except the profiteers from a broken system!
Even if you were the “sole provider” of the family as a man you would not be able to afford your family. Two incomes are required now. Your old fashioned way of thinking is gone and it’s not coming back. Men need to get over this victim mentality. You are not a real man if you are blaming women. Men created this world so why don’t you point the finger at your own gender for once
Yup, Democrat agenda destroying the nuclear family for the sake of greater tax income and more power. It's all in plain sight, people just cannot fathom that evil can be so blatant.
People get the popular kids they keep voting for. Think back to high school, were the popular ki ds the smartest kids... or the most competent... or were they social buttery flies and attractive people hung up on their looks. Yeah. That's who's running your government lol. The popular air head ki ds.
@@goosecouple to play devils advocate, back then you could get more than 2 men in a room without a fed in the conversation. Join any right wing “group” and see for yourself how feds kill it. It’s called Pat Con.
US government should have been investing in public high speed trains all across America like in Japan and Europe. But they want to prop up the car and car insurance industries instead.
What happens if our parents got divorced when your dad found a new woman? Your mom will be send to live on the streets since she isn’t allowed to work and have no education or skill outside of housewife. That old living standard only benefits men.
Families could afford the simple pleasures of eating out once a week every weekend, the trips to the public beaches and picnics. Are we better off today as a society?
Everything seemed to cost less because the difference in price was smaller. Everything seemed cheaper because the margins between prices were tiny. The more the price goes up, the larger of a difference you can have. A corvette in 1985 was 25k, and the average price of a house was 84k, which is a 30% difference. As of 2023, the average house costs 412k, and a corvette costs 128k it is still a 30% difference, but since the prices are larger, the cost diffrence seems massively diffrent even though it is the same. That is the problem.
We have crossed the point of no return. They must now print forever. They can never stop. The game is over its just that the final moves have yet to play out.
A debt to gdp of 110% is not past a point of no return. Countries have gone above that without total collapse. It would takr hard decisions. Unfortunately the US wont do it
I like this analogy. It reminds me of short comic where it shows someone chuckling at an ancient civilization doing a rain dance hoping to make it rain. In the next frame it shows them dropping a ballot into a ballot box with a smug look on their face like they've accomplished something
I'd say it's already in flush mode considering there's been a 25% decrease since 2020 alone. Not to mention that it was already well on its way to the shitter for decades.
Y'all don't understand y'all this shit was designed to get rid of the small banks, have digital dollar, and have the 7 major bank, the Treasury and the federal reserve to have complete control and access of the whole monetary system. Don't keep money in bank, cyber attack are coming next
The Dollar was destroyed by 97% in 2019... before the cough. Then they printed 80% of the total currency into existence. That's 40% inflation. The 3% of value left turned into 1.8% pretty quickly.
The average home size was 1200 sqft in the 1970’s. Average three bedroom if you were lucky 1-1/2 bath, we had one bathroom. People keep buying stuff to fill their oversized homes. It’s a status symbol. Instead of credit cards, we had lay-a-way. Pick out your kids school clothes the store held the sizes and every week you paid on it until you paid it off, you paid a small fee for this service. If you canceled your layaway they kept the fee. Live smaller. Stop shopping online. If you need to purchase something big, place the cash in an envelope until you have the money to buy the item. It works. Most of all live smaller. Just look at all the RUclips channels dedicated to “decluttering” . 🤦♀️
Exactly right. No wonder homes go for higher multiple/income. Also, the conveniences (in most cases) are better. Copper vs aluminum wiring, higher r-value insulation, 3 pane windows, higher amp service etc. The lumber today is the only real crappy good.
I say BS! What we need is for the govt to quit printing more $ and spending it on their friends and families businesses. Didn't you listen to the lady? The Govt is stealing our money after they taxed us by simply printing more of it and that causes the value of the $ to drop. With a devalued $ you are not able to purchase as much as you used to able to. Thats why everything is so expensive. That problem is no one is going to do squat about it and its going to get much worse.
That would make sense if we had real money backed by gold but we're on a fiat currency system that is backed by nothing, not even oil anymore. You can't possibly save enough to buy a new car or a house in 2024. Even old cars and houses are expensive now. This whole system depends on credit which is why it's coming to an end.
she is literally regurgitating information previously provided by a solid 20 different financial or crypto channels . is it because its a woman saying the same thing that you think its amazing now ???? also she is just reading a script how does that prove competence ?
@@_outofphase5480 Most rich people are not self made. It’s inherited and/or by means the average citizen does not have access to. There’s no secret formula to getting rich, it’s the same old shady shit it’s always been.
Here are some fun facts. Not really. These facts actually let us know how badly we are getting hosed. 1964 was the last year the Fed minted a 90% silver Washington Quarter ($0.25) for general distribution. The minimum wage in 1964 was $1.25/hr, or 5 quarters per hour. The silver melt value of five 1964 quarters in today's (2024-09-17) dollars is $27.47. The federal minimum wage today is $7.25/hr. Each state is allowed to set their own minimum wage if they want, but they don't have to. A lot of states choose to go with the federal flow. The District of Columbia (not a state) has the highest minimum wage in the land at $17.00/hr. Washington has the highest minimum wage at $16.28/hr. California is next on the list at $16.00/hr. 3rd on the list is Connecticut at $15.69/hr. New Jersey holds the 4th spot at $15.13/hr. In the 5th spot we have a three-way tie at $15.00/hr, between Maryland, Massachusetts, and New York. Colorado is 6th at $14.42/hr. Oregon is 7th at $14.20/hr. (of course Oregon is one four twenty, haha 😆, stoners 😊). Arizona is 8th at $14.35/hr. Maine is 9th at $14.15/hr. Completing the top 10, we have another three-way tie between Hawaii, Illinois, and Rhode Island (neither a road, nor an island), all at $14.00/hr. The cheap states that choose to go with the federal minimum wage ($7.25/hr.) are Alabama, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, New Hampshire, North Carolina, North Dakota, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Wisconsin, and Wyoming. West Virginia's min wage is $8.75/hr. Puerto Rico has a higher minimum wage ($9.50/hr.) than 21 states ?!? All of the states that I didn't mention here are above $10.25/hr. and below $14.00/hr. I didn't start banging on my keyboard with the intention of this comment to be a measuring contest between states. My aim is to point out the fact that we aren't actually making more money than people were in 1964. It may seem like we are getting paid more for our time today, but the Dollar's current value is far lower than it was in 1964. Not only is our money worth a lot less, we aren't actually being compensated for our time + labor on the same level, or better, than people in the work force in 1964. #EndTheFed #PutYourCrashHelmetOn #TheDollarIsDead #TheEndIsNear
If I have any extra money, it would be spent on something soon, because tomorrow it will buy less. This trend is what happens when there is hyper inflation.
That is EXACTLY why they have a so-called target inflation rate of 2%. Because if inflation was at ZERO - much of the spending would stop and they (the big money guys) don't want that. It is a system owned and operated by white collar criminals.
This girl is the smartest person I have ever seen on youtube since a long time. Yes, rate cut rate hike are distractions from the real issue: money printing or currency devaluetion that already broke the system
EXCELLENT VIDEO!! The Economic Situation in the USA was WELL PUT and EXPLAINED The immediate serious problem at hand at this moment is that far too many Americans are maintaining what has been called a " TITANIC MENTALITY ". Like on the TITANIC SHIP passengers ranging from the POOR to the EXTREME RICH thought " IT IS IMPOSSIBLE FOR THIS SHIP TO SINK " . Well, too many American's believe " It is IMPOSSIBLE for the UNITED STATES ECONOMY TO COLLAPSE" in a way that is simply UNIMAGINABLE! However, this is what is shaping up to Happen. As the Reality gradually sinks into the minds of American's that they are on the VERGE OF AN ECONOMIC NIGHTMARE and that both the DEMOCRATIC AND REPUBLICAN PARTIES are the Creators of this ECONOMIC DISASTOR things could get " UGLY" . This is SYSTEM FAILURE that has taken DECADES to bring the USA to this point and NEITHER PARTY did anything meaningful to correct it over the years. As the TRUTH gradually sinks into the minds of all Americans you can count on one Consistent and repeated response from the Democrats and Republicans that have been in POWER over the years " IT IS NOT OUR FAULT" and both parties will have MULTIPLE EVENTS and FORIEGN PEOPLE in other Countries to BLAME for the Economic Mess the USA has found itself in.
You're absolutely correct. Most people have no idea what a depression is. I'm 80 years old and both my parents grew up in great depression. The told me stories of the hardships and it helped me make better decisions. Today's young people don't have that advantage.
It is our fault because the boomers lived high on the hog and knowingly kicked the can down the road. They let themselves think that the central bank was a force for good and that no one would be able to get rid of it.
FED rate cuts won't help in the short run. Rate changes take about 18 months to work through the economy. Even if they worked faster, since people are already hurting few people can use the rate cuts
That's true and not true!!!!. Yes it takes 18 months to see in the economy, but dropping interest rates will cause euphoria. Stock market will hit new heights, corporations will get easy money and buyback their own stock, crypto will crash, houses will skyrocket. And etc. After the 18 -24 months, reality hits, and everything drops and enters deflationary period then WW3. That's why Trump will become president. Shit is happening like a TV drama lmao lol
She is a clarion voice among the noise of lies about the illusion of economic strength and household prosperity. When you continuously hollow out the middle of anything, the middle class in this case, you end up with a weak empty shell that looks fine from the outside, but can crack under the slightest force. EVERYONE NEEDS TO HEAR THIS!!!
Being a wife, caregiver, homemaker IS a job, women traded it for a different career and abandoned their husbands and children. Women are broken, so the family, and its members, are broken. Women's "wants" are a family destroyer.
Eventually the US will have to raise the interest that we pay when we try to get people to buy our debt. Eventually that will not work anymore and then the game is over. Every single fiat currency that was crashing saw the interests rates rise tremendously. This lowering of rates is not the end. When you see rates rising to stem inflation then the true end is in sight. I am talking about interest rates of 20% or higher. Inflation will occur when we continue printing in quantitative easing in order to pay our bills.
Well that happened early 80’s but not because of the unprecedented spending. The opec oil embargo shot our rates above 18%. We only got out of it with technology increasing oil production and saturating the market. We don’t have much to offer here
Boom! I have a shop full of high-end techs. We have no work. They are all doing side jobs on shit cars to pay the bills. So sad. This was not the case even 2 years ago.
The harsh reality is that if the US reaches a point where we return to the gold standard or if the dollar collapses, the country will become chaotic and anarchic. Being an average American holding a little gold isn't going to mean much. The best strategy is to follow the wealthy. Build enough wealth so that you are on the other side of the fence to avoid chaos, and obtain dual citizenship to leave the US if it goes downhill. At the very least, have money and resources to leave and survive elsewhere until the chaos is sorted.
Bitcoin is another form of fake money. Invest in something that is actually real. Government can easily put strict regulations on Bitcoin and then what?
Government will come take your Gold like they done before. And buying Gold will not change this system either. You are not trading with the Gold. Vote the wrong people out. Higher the Right People to do the job! We created the Government. We pay for the Government. We did to make our lives better and safer. We are the bosses. Time we stepped up and starting acting like it. We need the power to Fire easier and hold people accountable!
We as Americans also need to stop buying the next car when ours is only 10 years old...stop buying the next shoes, iPhone, stop smoking as much weed, going to bars, out to eat (I'm including myself).....I love capitalism however on average we have a savings/investing problem......housing market skyrocketing is ridiculous and doesn't help
The most interesting aspect of all of this is: Gas is really still only a quarter. There is $5 of silver in the 1960 quarter. So the costs of all items are still the same, it just takes more dollars to buy them.
Rates for whom? Corporate welfare? When corporations pay taxes, any kind of tax, income, property, sales, it’s like any other cost of doing business and must be passed on to the consumers. If not, they will cease to exist. Raise taxes on businesses of any kind, incorporated or not, prices of their products go up. If taxes on business in the US are higher than other countries, we are not as competitive and companies and jobs go elsewhere.
The Federal Reserve sets an interest rate “target.” In order to achieve this rate CUT the Fed floods the economy with dollars created out of thin air, as the Fed Chair says, “with a keystroke.” More money available makes the cost of money cheaper because there is more of it. Supply and demand. But sometimes the economy doesn’t respond, and rates still stay high. Then the Fed money machine pumps even more into the economy making your dollars worth less. It’s called inflation and then the politicians blame businesses for raising prices. But you are paying for their products with cheaper dollars. You’ve been robbed by politicians in DC.
Federal spending now is used to artificially boost employment and GDP data for the sake of elections. Our tax money is being used on useless crap pushed by lobbyists to assist the DNC in getting re-elected with artificial numbers. WE ARE GETTING RIPPED OFF!
The final nail in the gold standard was in 1971, but the US actually started leaving the gold standard in 1933 and they were not the only ones. Most major financial powers (Britain, France, Switzerland, Belgium Luxembourg etc.) left the gold standard during the 1930's.
They could lower rates to one percent. It will not help one bit if the banks have no money to loan out. This government would have to give the banks lots of money to loan out. Add on property taxes and insurance, and fewer can afford a home. I heard 50% have a home only the top 5% could afford. Our household has $60,000 a year income. SSI and a postal retirement. Zero debt 830 on credit scores. I could not even get a loan for $40,000 for farm equipment for my 55 acre paid off farm valued at like 600k +. Banks wanted 35% interest. Not gold to happen. Think of the banks right now! Empty commercial real-estate, being sold at .13 cents on the dollar. Repression of all those 45k autos and trucks, credit cards delinquencies. Foreclosure on homes. School loans? Banks are going to fold up and go bankrupt.
This was the first thing I realized ten years ago. The syphoning of wealth to the top is actually inevitable. Eventually it ends the game. PMs won't help you though. To quote Lloyd Blankfein, "When a tsunami approaches, it doesn't matter if you're a small child or an Olympic swimmer."
Yeah right, history shows that he will buy a small house with an ounce of gold, or 3-5 oz for a nice house. In a currency reset, you divide M2 by ounces of gold in the banks (Comex). Tptb will try to add gold to their pool before doing that little number, but we're talking 5-6 digit gold, easily. Not tomorrow, but less than 10 years from now.
I'm "old school." I started sacking groceries in 1966 for $1.10/hr. That would be $10.69/hr in 2024, a cumulative rate of inflation of 871.6%. I graduated from college in 1972 and was hired for $12,000 a year. That was a "good paying job." That is equivalent to $90,372.06 in 2024, a 653.1% cumulative rate of inflation. That's according to the US Inflation Calculator that uses the latest US government CPI data published on September 11 to adjust and calculate for inflation through August
"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
I agree but can't help remembering the words of one of my history professors. "If you think you're ready for a revolution, then you'd better be ready to eat rats." I think he was trying to impress upon us that revolutions can be really hard to survive and we should be prepared for the worst if we truly hope to get through it. At the time revolution was a pretty trendy concept though with groups like Rage Against the Machine in popularity. Still, it made me think. Which I believe was his main goal.
@bournmouth5613 We don't need a revolution. Just stop voting for the two same parties over and over again. Over decades they alternately have worsened your situation.
Outstanding interpretation of what's really happening. All of Congress and Senate should be forced to watch this video three times and the American people need to know that the average wealth of a US senator and congressman is $15 million plus mind-boggling.And they're suppose to represent me lol.. thank you Marc
@@Invaderman440-pn7nbThe rich elite oligarchs millionaires and billionaires and well off financially affluent society take care of their own rich elite oligarchs millionaires and billionaires and well off financially affluent society. The middle class and poor are on their own period. Meanwhile good luck all with the extremely nightmarish frightening horrible horrific high cost of living in USA TITANIC now and will get even more pricey and unaffordable as the months years go by.
I've been harping on this for over 20 years and Ron Paul has been speaking about this issue even longer. Sadly, a VAST majority of Americans do not understand this and just falls on death ears. Some people are just finally starting to get it, but its not enough. We need to tear the government down, because things will not change.
I'm glad someone's awake and not afraid to speak the truth I've been saying these things for awhile now but I'm literally surrounded by sheeple who'd rather jostle for position in a soup kitchen line than to peer beyond the vail... I'm glad you said the portion about a civilian uprising cause seriously in my own town people will line up in front of the court house to lobby for Gaza but would rather hold onto their deceitfully implanted scruples of race religion creed/social standing... I love this land the country is beautiful but the government is corrupt and it's high time we all stopped filling their pockets just so they can play war chief and continuously impose more and more stipulations upon our lifestyles...
This is a great explanation of the economy in a nut shell! While I have been aware of everything you said in video for a very long time, I will certainly forward this to others so they can fully understand our current situation. Thanks!
The house that I grew up in in Miami was worth 250,000 in 1986. Today that same house with nothing done to it is 5.3 million. And by the way, I only purchase things in gold bouillon.
Come to California. Where one trip to a grocery store costs almost as much as a plane ticket. You'll feel better. You probably won't be able to afford to stay very long though. 💸
Thank you for giving us this information without trying to sell something in the middle of the video. You waited till the end to sell things. This caused us to watch the whole video.
At the 2 1/2 minute mark, you overlooked something critical.... in 1975 , a household income was one income ! Now a household income is almost always 2 incomes..... that is a vital difference . That should be understood and wel thought. Personal income as opposed to housing is where the truth becomes obvious, not so much ,household income, as that could include an infinite number of incomes.
@@petruflorintofoleanu5865 BRICS commodity based currency next year. Us$ is a debt currency based on US labour. Not much labour in a depression. No country will buy US debt. Hyperinflation in 2025. Putin warned you.
Very well done. Everything you said is spot on. Gold is real money. It preserves your purchasing power like nothing else. Few people understand this but I think more are catching on to this Fed Ponzi scheme. For those precious metal doubters out there just look at home values and the S&P priced in gold vs the USD. Become your own central bank and start accumulating gold and silver before its too late.
Inflation is caused primarily by taxes. It's related primarily to local, state, and federal taxes constantly increasing over time due to greed. Truth is, it takes no more money to grow crops or cattle today than 50 + years ago. Water taxes, energy taxes, property taxes, storm drainage taxes, convenience taxes, gas taxes, death taxes, trash taxes, farm equipment taxes, road taxes, school taxes, Income Tax Extortion Fee, state taxes, sales taxes, and employment taxes there are more I haven't mentioned. All these taxes and more drive prices up because all these taxes are in the price from the farmers and the goods it takes to grow whatever, till they put it on the market then those truckers add on their taxes before the wholesaler or warehousing ect. From feeding cows on the farm to the end, purchaser commodities have multiple layers of local, state, and federal taxes baked into the goods to be purchased by the consumers. And they say double taxation is illegal 😂😂 what a joke. County, state, and federal taxes keep the working classes poor or JAB Just Above Broke. Adding new taxes on to existing taxes will always inflate the cost of living.
@@TavistockLiesBrainwashing No I understood it very well, I was just adding the hidden underlying cause of inflation that is never discussed by economists.
So the fact that banks make money out of thin air has nothing to do with inflation? LOL Where the f do you think the 30 billion in deficit spending comes from TAXES? LOLLOL You are lost
Silver is the most undervalued asset on the planet and experts say the demand will soon be greater than supply, and Silver follows gold in price, also can be used for barter because under the constitution Gold and Silver are classed as legal tender and do not have exposure to third party risk, when the dollar and interest rates go down metals go up its that simple, that's where the smart money is going, central banks are stockpiling Gold, countries are stockpiling Silver because they know its real money while all the rest is just credit on borrowed time.
Why not all into Gold? I believe in Gold and it's ability to surpass inflation and beyond. Never been so bullish over Gold. Never been so bearish on everything else. Specially fiat currency.
Not spending money you don't have will solve the problem. The 'fed' should be doubling interest rates - not reducing them. This is only going to create yet more hyperinflation. Sad for America. Trump 2024!
I would say a big factor in how far dollars goes is who is producing and who is consuming. With the exportation of US production, there are not enough producers in the United States. Then there is a low labor force participation rate similar to before women entered the workforce. So, what little is produced is split among more people. I will say the advances in production are amazing. There is no reason most industries need to offshore production if it were not for government interference. The cost of labor has been a declining factor with automation multiplying the productive capacity of a single worker.
Harris 2024. This is a problem that will be solved with higher taxes, taxing unearned Capital gains, raising corporate taxes, and letting more immigrants in to work for lower wages without paying taxes. Harris explained her polices are the result of her nice lawn as a child so that is all you need to know to vote for her.
We're supposed to choose between a crime family mafia don and the anti-christ, and Im not sure which is which. Whoops, Biden dropped out, so I can't say that anymore.
“Jobs Report” is the assignment of giving YOU The Job to check out of a store because of “self checkout”. How does it FEEL to be the check out clerk for the person who was just “re-assigned” / “laid off”. Jerome Powell has served up a 💩 sandwich to EVERYONE in the “middle class”. 💸
- From median home price (1950) of $7,354.00 to $426,056.00 (2023) is a *5,693%* increase.
- From median income of $3,300.00 to $46,310.00 (2022) is *1303%* increase.
The numbers don't lie. We're getting hammered.
In the houses was well built in those days nowadays you get woodchuck chalkboard
Meaning that your dollars have lost purchasing power. It was stolen by the bankers and the government.
And these housing prices double and tripled in only five years. The biggest spike ever.
It is bad. You should notice in 1950 only the husband was working, so the median income was only one person and not two compared to today.
Median income is 39,000 3000 more the. 20 years ago. That's called wage stagnation
The cost of everything has gone up significantly since 1970, and we had better quality jobs back then, a strong manufacturing and no competition in the international stage. We are in a much worse position today
@CK-ie4hp
This applies to the Western World in general and especially the superrich have become even more superrich while the middle class has become poor.
The cost of everything has gone up significantly since August 15, 1971. What is the significance of that date?
@@phucdong-er6ct
The “Nixon Shock” … this marked the beginning of the end for the Bretton Woods system of fixed exchange rates established at the end of World War II.
In simpler terms, our paper money isn’t backed by anything.
It all started when "we" gave away our technology and industry to China just to save on "our" labor costs.
@@phucdong-er6ct Nixon and Ye Olde Golde Standyrd.
This interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.
navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position
No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, though this could take another year.
Tried doing things on my own at first, failed abysmally at it,tried following a colleague's trading pattern, same result. Now, I need that professional rescue. Please direct me on how to reach a sound CFA
KATHLEEN CHERYL CONSTANTZ is who I work with. Have worked with her for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Kathleen sure knows her onions in this industry, from her intimidating profile which I went through, on her web home page. I started off last year tailoring a colleague's tradin strategies but it didn't pan out well. Hopeful that Kathleen will attend to my message.
I agree 100%. If I would print some money, I would go to jail. But "they" are writing laws for themselves, they can print the money and dilute the value of a currency, stealing from everyone who holds that currency. I don't know how that's not a crime.
There is a name for this. It’s COUNTERFEITING!!!!!!
That is EXACTLY why they have a so-called target inflation rate of 2%. Because if inflation was at ZERO - much of the spending would stop and they (the big money guys) don't want that. It is a system owned and operated by white collar criminals.
ha!
The GOVERNMENT HAS GONE ROUGE!! HELP US !! SAVE US FROM OUR OWN GOVERNMENT, THEY'VE JOINED THE DEVIL!! THEY'VE LOST IT.. NOT EVEN KIDDING ONE LITTLE BIT!! SOS. SOS. HELP
@@slavric don’t be antisemitic. If Jews do it on Saturday it’s good for goyim.
They think we're stupid? Actually we think they're stupid and we're wrong.
If they're not stupid, why else create a class of dependents who will look to them for answers when the tit they suck runs dry?
- very well put!😁
They know very well what they are doing.
We are stupid,they are evil.
Distracted is functionally stupid.
Yes. The way to keep people from misbehaving and quiet is to make them feel they have a sense of control and that they actually have a say in the electoral process and policies. The truth is self-evident.
That would be The Electoral College who has say in the electoral process, not We The People. Sadly. 🇺🇸💔💸
You actually DO have a chance to change government. BUT this requires active participation and genuinely informed choice. Most people are sheeple, and Dems are outright stealing elections. Aand we aren't really doing our part.
It simply it was designed and planned and COVID was the pretest and 1 giant social experiment lmao lol.
I don't hate proof, but the way shit in the world is planning out like a movie. It slightly unsettling lol.
In point of fact, WE DO NOT.
@@Zero-s7kit's all by design and default. Life is bullshit
What did you expect when women dominated colleges, home ownership, competed with men for jobs? Who’s the biggest winner from all of that : “employers” and tax collectors, who’s the biggest losers: “the American family”. I am not advocating lesser opportunities for women but I think we should have a stronger family support, by policies, laws and actions. Men and women should not be competing with each other, they should both support each other against a system that’s out to screw everyone except the profiteers from a broken system!
Even if you were the “sole provider” of the family as a man you would not be able to afford your family. Two incomes are required now. Your old fashioned way of thinking is gone and it’s not coming back. Men need to get over this victim mentality. You are not a real man if you are blaming women. Men created this world so why don’t you point the finger at your own gender for once
When you double the work force you half the pay, it's simple economics
Europa: The Last Battle
Nailed It !
Yup, Democrat agenda destroying the nuclear family for the sake of greater tax income and more power. It's all in plain sight, people just cannot fathom that evil can be so blatant.
"What is HAPPENING?!" Ouright lying by Yellen + Powell.
Treason against the USA from within. Government thieves
"Ultimately, people deserve the government they allow." -- Ancients
People get the popular kids they keep voting for.
Think back to high school, were the popular ki ds the smartest kids... or the most competent... or were they social buttery flies and attractive people hung up on their looks. Yeah. That's who's running your government lol. The popular air head ki ds.
I agree this country stuck on stupid
@@goosecouple to play devils advocate, back then you could get more than 2 men in a room without a fed in the conversation. Join any right wing “group” and see for yourself how feds kill it. It’s called Pat Con.
One of the most ridiculous costs today in my opinion is car insurance. Mine has really gone up the past few years.
Agree 👍🏻
Not required in new hampshire
US government should have been investing in public high speed trains all across America like in Japan and Europe. But they want to prop up the car and car insurance industries instead.
Right. You're charged a high rate as if you have a bad driving record but don't.
@@la6136instead they’re building 1800’s technology light rail at a billion a mile in places like Seattle. Go figure
In 1972, my family had 3 kids. Stay at home mom. Dad made about $12k per year. We had at least 2 long trip vacations to the beach that year.
What happens if our parents got divorced when your dad found a new woman? Your mom will be send to live on the streets since she isn’t allowed to work and have no education or skill outside of housewife. That old living standard only benefits men.
In 1970 the gallon of gas was .25 cents minimum wage was 1.25 per hour
Families could afford the simple pleasures of eating out once a week every weekend, the trips to the public beaches and picnics. Are we better off today as a society?
Everything seemed to cost less because the difference in price was smaller. Everything seemed cheaper because the margins between prices were tiny. The more the price goes up, the larger of a difference you can have. A corvette in 1985 was 25k, and the average price of a house was 84k, which is a 30% difference. As of 2023, the average house costs 412k, and a corvette costs 128k it is still a 30% difference, but since the prices are larger, the cost diffrence seems massively diffrent even though it is the same.
That is the problem.
True. People were also willing to do with less. Average home back then was no larger than 1500 sf. No people want 3500 sf
We have crossed the point of no return. They must now print forever. They can never stop. The game is over its just that the final moves have yet to play out.
Crypto currency is their next answer
you sound like a doomsayer
Or encourage inflation so the US dollar is worth less and it's cheaper to pay back the deficit.
@@nimruil337 Sounds like reality to us
A debt to gdp of 110% is not past a point of no return. Countries have gone above that without total collapse. It would takr hard decisions. Unfortunately the US wont do it
in 1970 that one was one income.
She said that
Corruption is the the problem and our government is full of it.
In every country and every government, there is corruption.
Big brother is keeping us in the poor house, by design
Voting is like giving a child a remote control to the TV, with no batteries. They think they can change the channel but they have no power.
I like this analogy. It reminds me of short comic where it shows someone chuckling at an ancient civilization doing a rain dance hoping to make it rain. In the next frame it shows them dropping a ballot into a ballot box with a smug look on their face like they've accomplished something
Seems to be working for democrats 🤷🏼♀️
Inflation will flush purchasing power totally down the shitter very soon.
I'd say it's already in flush mode considering there's been a 25% decrease since 2020 alone. Not to mention that it was already well on its way to the shitter for decades.
💩💩💩There will be dookie splatter everywhere! 💩💩💩
Y'all don't understand y'all this shit was designed to get rid of the small banks, have digital dollar, and have the 7 major bank, the Treasury and the federal reserve to have complete control and access of the whole monetary system.
Don't keep money in bank, cyber attack are coming next
The Dollar was destroyed by 97% in 2019... before the cough.
Then they printed 80% of the total currency into existence.
That's 40% inflation.
The 3% of value left turned into 1.8% pretty quickly.
@@Kanoee64 The couf was 2020 . But , ok.
The average home size was 1200 sqft in the 1970’s. Average three bedroom if you were lucky 1-1/2 bath, we had one bathroom. People keep buying stuff to fill their oversized homes. It’s a status symbol. Instead of credit cards, we had lay-a-way. Pick out your kids school clothes the store held the sizes and every week you paid on it until you paid it off, you paid a small fee for this service. If you canceled your layaway they kept the fee. Live smaller. Stop shopping online. If you need to purchase something big, place the cash in an envelope until you have the money to buy the item. It works. Most of all live smaller. Just look at all the RUclips channels dedicated to “decluttering” . 🤦♀️
Exactly right. No wonder homes go for higher multiple/income. Also, the conveniences (in most cases) are better. Copper vs aluminum wiring, higher r-value insulation, 3 pane windows, higher amp service etc. The lumber today is the only real crappy good.
Wisdom
- sound advice!
I say BS! What we need is for the govt to quit printing more $ and spending it on their friends and families businesses. Didn't you listen to the lady? The Govt is stealing our money after they taxed us by simply printing more of it and that causes the value of the $ to drop. With a devalued $ you are not able to purchase as much as you used to able to. Thats why everything is so expensive. That problem is no one is going to do squat about it and its going to get much worse.
That would make sense if we had real money backed by gold but we're on a fiat currency system that is backed by nothing, not even oil anymore. You can't possibly save enough to buy a new car or a house in 2024. Even old cars and houses are expensive now. This whole system depends on credit which is why it's coming to an end.
Finally a intelligent young lady thank you
Yep, Nice to see and hear a pretty woman that suffers from no financially delusional beliefs. No Hillary Clinton here.
Agreed...
All my women have been intelligent; don't like bimbos. Where've you been?
One in a million.
she is literally regurgitating information previously provided by a solid 20 different financial or crypto channels . is it because its a woman saying the same thing that you think its amazing now ???? also she is just reading a script how does that prove competence ?
They hope we are stupid. The rich forget that wealth doesn't equal intelligence.
@@_outofphase5480
Most rich people are not self made.
It’s inherited and/or by means the average citizen does not have access to.
There’s no secret formula to getting rich, it’s the same old shady shit it’s always been.
They do not hope. They know.
Well indoctrinated. Public schools are doing their job, creating cogs in the wheel.
Election year rate cut… Totally expected! Gas prices should come down a little more election year slight of hand.
We all got poorer by 25%+ in the past 4 years
Each year
Here are some fun facts. Not really. These facts actually let us know how badly we are getting hosed. 1964 was the last year the Fed minted a 90% silver Washington Quarter ($0.25) for general distribution. The minimum wage in 1964 was $1.25/hr, or 5 quarters per hour. The silver melt value of five 1964 quarters in today's (2024-09-17) dollars is $27.47. The federal minimum wage today is $7.25/hr. Each state is allowed to set their own minimum wage if they want, but they don't have to. A lot of states choose to go with the federal flow.
The District of Columbia (not a state) has the highest minimum wage in the land at $17.00/hr. Washington has the highest minimum wage at $16.28/hr. California is next on the list at $16.00/hr. 3rd on the list is Connecticut at $15.69/hr. New Jersey holds the 4th spot at $15.13/hr. In the 5th spot we have a three-way tie at $15.00/hr, between Maryland, Massachusetts, and New York. Colorado is 6th at $14.42/hr. Oregon is 7th at $14.20/hr. (of course Oregon is one four twenty, haha 😆, stoners 😊). Arizona is 8th at $14.35/hr. Maine is 9th at $14.15/hr. Completing the top 10, we have another three-way tie between Hawaii, Illinois, and Rhode Island (neither a road, nor an island), all at $14.00/hr.
The cheap states that choose to go with the federal minimum wage ($7.25/hr.) are Alabama, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, New Hampshire, North Carolina, North Dakota, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Wisconsin, and Wyoming. West Virginia's min wage is $8.75/hr. Puerto Rico has a higher minimum wage ($9.50/hr.) than 21 states ?!? All of the states that I didn't mention here are above $10.25/hr. and below $14.00/hr.
I didn't start banging on my keyboard with the intention of this comment to be a measuring contest between states. My aim is to point out the fact that we aren't actually making more money than people were in 1964. It may seem like we are getting paid more for our time today, but the Dollar's current value is far lower than it was in 1964. Not only is our money worth a lot less, we aren't actually being compensated for our time + labor on the same level, or better, than people in the work force in 1964.
#EndTheFed #PutYourCrashHelmetOn #TheDollarIsDead #TheEndIsNear
👍
Well done insightful to the point and explained simply✔️👏🍀
EVERY AMERICAN MUST SEE AND UNDERSTAND THIS VIDEO!!!
The house that I grew up in in Miami was worth 250,000 in 1986. Today that same house with nothing done to it is 5.3 million.
If I have any extra money, it would be spent on something soon, because tomorrow it will buy less. This trend is what happens when there is hyper inflation.
Happens with inflation in general, but in faster speeds and larger percentages with hyperinflation.
Ergo buy gold
That is EXACTLY why they have a so-called target inflation rate of 2%. Because if inflation was at ZERO - much of the spending would stop and they (the big money guys) don't want that. It is a system owned and operated by white collar criminals.
@@b4ph0m3tdk9And do what with it? Mail it to China to purchase stuff on Amazon?
This girl is the smartest person I have ever seen on youtube since a long time. Yes, rate cut rate hike are distractions from the real issue: money printing or currency devaluetion that already broke the system
She's selling the same pitch as everyone else
@@htee5162 At least she tell the truth and not brain washed
And more gov. employees.
Watch more YT. It's everywhere.
EXCELLENT VIDEO!! The Economic Situation in the USA was WELL PUT and EXPLAINED The immediate serious problem at hand at this moment is that far too many Americans are maintaining what has been called a " TITANIC MENTALITY ". Like on the TITANIC SHIP passengers ranging from the POOR to the EXTREME RICH thought " IT IS IMPOSSIBLE FOR THIS SHIP TO SINK " . Well, too many American's believe " It is IMPOSSIBLE for the UNITED STATES ECONOMY TO COLLAPSE" in a way that is simply UNIMAGINABLE! However, this is what is shaping up to Happen. As the Reality gradually sinks into the minds of American's that they are on the VERGE OF AN ECONOMIC NIGHTMARE and that both the DEMOCRATIC AND REPUBLICAN PARTIES are the Creators of this ECONOMIC DISASTOR things could get " UGLY" . This is SYSTEM FAILURE that has taken DECADES to bring the USA to this point and NEITHER PARTY did anything meaningful to correct it over the years. As the TRUTH gradually sinks into the minds of all Americans you can count on one Consistent and repeated response from the Democrats and Republicans that have been in POWER over the years " IT IS NOT OUR FAULT" and both parties will have MULTIPLE EVENTS and FORIEGN PEOPLE in other Countries to BLAME for the Economic Mess the USA has found itself in.
You're absolutely correct. Most people have no idea what a depression is. I'm 80 years old and both my parents grew up in great depression. The told me stories of the hardships and it helped me make better decisions. Today's young people don't have that advantage.
It is our fault because the boomers lived high on the hog and knowingly kicked the can down the road. They let themselves think that the central bank was a force for good and that no one would be able to get rid of it.
You read the tea leaves correctly. Nobody or almost nobody is ready for what's coming.
You are very smart and explain things in a clear way that anyone can understand.
Thank you.
FED rate cuts won't help in the short run. Rate changes take about 18 months to work through the economy. Even if they worked faster, since people are already hurting few people can use the rate cuts
That's true and not true!!!!. Yes it takes 18 months to see in the economy, but dropping interest rates will cause euphoria. Stock market will hit new heights, corporations will get easy money and buyback their own stock, crypto will crash, houses will skyrocket. And etc. After the 18 -24 months, reality hits, and everything drops and enters deflationary period then WW3.
That's why Trump will become president. Shit is happening like a TV drama lmao lol
She is a clarion voice among the noise of lies about the illusion of economic strength and household prosperity. When you continuously hollow out the middle of anything, the middle class in this case, you end up with a weak empty shell that looks fine from the outside, but can crack under the slightest force. EVERYONE NEEDS TO HEAR THIS!!!
Exactly! 100% Correct!!!!!!!!!
The federal reserve needs to be dismantled
Oh.... PEOPLE ARE STUPID. No question about that. 😂
Being a wife, caregiver, homemaker IS a job, women traded it for a different career and abandoned their husbands and children. Women are broken, so the family, and its members, are broken. Women's "wants" are a family destroyer.
Hope you bought your gold and silver.. last chance is Today to buy at $30
Just keep stacking with what you can afford. The dollar amount is not real, eventually your silver/gold will be tied to some other currency.
Eventually the US will have to raise the interest that we pay when we try to get people to buy our debt. Eventually that will not work anymore and then the game is over. Every single fiat currency that was crashing saw the interests rates rise tremendously. This lowering of rates is not the end. When you see rates rising to stem inflation then the true end is in sight. I am talking about interest rates of 20% or higher. Inflation will occur when we continue printing in quantitative easing in order to pay our bills.
Well that happened early 80’s but not because of the unprecedented spending. The opec oil embargo shot our rates above 18%. We only got out of it with technology increasing oil production and saturating the market. We don’t have much to offer here
Finally a video that is not afraid to say the truth! Subscribed for more!
Trump 2024. Vote Like Your Life Depends On It
Boom! I have a shop full of high-end techs. We have no work. They are all doing side jobs on shit cars to pay the bills.
So sad. This was not the case even 2 years ago.
The harsh reality is that if the US reaches a point where we return to the gold standard or if the dollar collapses, the country will become chaotic and anarchic. Being an average American holding a little gold isn't going to mean much.
The best strategy is to follow the wealthy. Build enough wealth so that you are on the other side of the fence to avoid chaos, and obtain dual citizenship to leave the US if it goes downhill. At the very least, have money and resources to leave and survive elsewhere until the chaos is sorted.
I have been storing my wealth in BITCOIN since 2012 and gold and silver since 2006 and real estate since 2001 …. Best decision of my life !!!
What happens to your stored wealth in bitcoin if your network access is cut off? If you don't hold it in your hands, YOU DON'T OWN IT...
@@bamahama707 The internet does not get cut off
Bitcoin is another form of fake money. Invest in something that is actually real. Government can easily put strict regulations on Bitcoin and then what?
@bamahama707
Lmao, u stick to your gold and let it 2x, ill hold bitcoin and it will 10x to 20x in the same time.
Government will come take your Gold like they done before. And buying Gold will not change this system either. You are not trading with the Gold. Vote the wrong people out. Higher the Right People to do the job! We created the Government. We pay for the Government. We did to make our lives better and safer. We are the bosses. Time we stepped up and starting acting like it. We need the power to Fire easier and hold people accountable!
Another straight talk from Taylor. Perfectly stated!
We as Americans also need to stop buying the next car when ours is only 10 years old...stop buying the next shoes, iPhone, stop smoking as much weed, going to bars, out to eat (I'm including myself).....I love capitalism however on average we have a savings/investing problem......housing market skyrocketing is ridiculous and doesn't help
The most interesting aspect of all of this is: Gas is really still only a quarter. There is $5 of silver in the 1960 quarter. So the costs of all items are still the same, it just takes more dollars to buy them.
It is still a quarter only for those of us who have accumulated silver and gold and other inflation beating assets.
They don't think we're stupid, they're proving it.
Raise rates to 20%, leave it for 1yr. Lower taxes, ditch corporate welfare, set term limits. Done
Rates for whom? Corporate welfare? When corporations pay taxes, any kind of tax, income, property, sales, it’s like any other cost of doing business and must be passed on to the consumers. If not, they will cease to exist. Raise taxes on businesses of any kind, incorporated or not, prices of their products go up. If taxes on business in the US are higher than other countries, we are not as competitive and companies and jobs go elsewhere.
The Federal Reserve sets an interest rate “target.” In order to achieve this rate CUT the Fed floods the economy with dollars created out of thin air, as the Fed Chair says, “with a keystroke.” More money available makes the cost of money cheaper because there is more of it. Supply and demand. But sometimes the economy doesn’t respond, and rates still stay high. Then the Fed money machine pumps even more into the economy making your dollars worth less. It’s called inflation and then the politicians blame businesses for raising prices. But you are paying for their products with cheaper dollars. You’ve been robbed by politicians in DC.
@@johndrew9382 so what’s already happening?
Taylor, that was one of your best videos ever! Thank-you for educating us who want to learn and prepare. You are an amazing woman!
It's NOT home prices going up, it's the purchasing power of your money going down 😡
She is a knowledgeable young lady. Federal spending has become a Ponzi Scheme.
Federal spending now is used to artificially boost employment and GDP data for the sake of elections. Our tax money is being used on useless crap pushed by lobbyists to assist the DNC in getting re-elected with artificial numbers. WE ARE GETTING RIPPED OFF!
The final nail in the gold standard was in 1971, but the US actually started leaving the gold standard in 1933 and they were not the only ones. Most major financial powers (Britain, France, Switzerland, Belgium Luxembourg etc.) left the gold standard during the 1930's.
They could lower rates to one percent. It will not help one bit if the banks have no money to loan out. This government would have to give the banks lots of money to loan out. Add on property taxes and insurance, and fewer can afford a home. I heard 50% have a home only the top 5% could afford. Our household has $60,000 a year income. SSI and a postal retirement. Zero debt 830 on credit scores. I could not even get a loan for $40,000 for farm equipment for my 55 acre paid off farm valued at like 600k +. Banks wanted 35% interest. Not gold to happen. Think of the banks right now! Empty commercial real-estate, being sold at .13 cents on the dollar. Repression of all those 45k autos and trucks, credit cards delinquencies. Foreclosure on homes. School loans? Banks are going to fold up and go bankrupt.
Spot on…..don’t forget our parents did not have car loans, credit cards, mobiles on monthly plans, Netflix, Apple Music, Foxtel, etc, etc, etc.
all good until it's confiscated. Not to mention that the grocery store will not accept it as a means of currency.
This was the first thing I realized ten years ago. The syphoning of wealth to the top is actually inevitable. Eventually it ends the game. PMs won't help you though. To quote Lloyd Blankfein, "When a tsunami approaches, it doesn't matter if you're a small child or an Olympic swimmer."
The damage is done you guys!!!!
Good job putting this in plain language for people!
Thanks, this is why I own gold since 2009.
What good will Gold do you when the system itself has crashed. You’ll be handing over all that gold for a loaf of bread.
Yeah right, history shows that he will buy a small house with an ounce of gold, or 3-5 oz for a nice house. In a currency reset, you divide M2 by ounces of gold in the banks (Comex). Tptb will try to add gold to their pool before doing that little number, but we're talking 5-6 digit gold, easily. Not tomorrow, but less than 10 years from now.
@@SanityTastesGoodagree gold will be worthless
When the government guarantees free money for nothing.
I'm "old school." I started sacking groceries in 1966 for $1.10/hr. That would be $10.69/hr in 2024, a cumulative rate of inflation of 871.6%.
I graduated from college in 1972 and was hired for $12,000 a year. That was a "good paying job." That is equivalent to $90,372.06 in 2024, a 653.1% cumulative rate of inflation.
That's according to the US Inflation Calculator that uses the latest US government CPI data published on September 11 to adjust and calculate for inflation through August
"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
My parents bought their forever home in 1962ish for $15,000 Cdn. Sold it in Feb 2008 for $869,000 Cdn
I agreed with you until the end. In an economic collapse gold and silver are useless. Buy food and guns, anything else you think you might need.
😍 Bought Another Gold Eagle Today.
they're lying through their teeth as usual.
Meanwhile there are more billionaires than ever. Are we all stupid to accept this? We need a revolution. Power to the people
"In order to maintain a healthy republic, a revolution is needed every 200 yrs." Ben Franklin
I agree but can't help remembering the words of one of my history professors. "If you think you're ready for a revolution, then you'd better be ready to eat rats." I think he was trying to impress upon us that revolutions can be really hard to survive and we should be prepared for the worst if we truly hope to get through it. At the time revolution was a pretty trendy concept though with groups like Rage Against the Machine in popularity. Still, it made me think. Which I believe was his main goal.
The revolution has already begun. It doesnt have to be bloody to be a revolution. Withdrawing from the system is the revolution.
@@WildAlchemicalSpiritwell said
@bournmouth5613
We don't need a revolution. Just stop voting for the two same parties over and over again. Over decades they alternately have worsened your situation.
Outstanding interpretation of what's really happening. All of Congress and Senate should be forced to watch this video three times and the American people need to know that the average wealth of a US senator and congressman is $15 million plus mind-boggling.And they're suppose to represent me lol.. thank you Marc
Uniparty
@@Invaderman440-pn7nbThe rich elite oligarchs millionaires and billionaires and well off financially affluent society take care of their own rich elite oligarchs millionaires and billionaires and well off financially affluent society. The middle class and poor are on their own period. Meanwhile good luck all with the extremely nightmarish frightening horrible horrific high cost of living in USA TITANIC now and will get even more pricey and unaffordable as the months years go by.
I've been harping on this for over 20 years and Ron Paul has been speaking about this issue even longer. Sadly, a VAST majority of Americans do not understand this and just falls on death ears. Some people are just finally starting to get it, but its not enough. We need to tear the government down, because things will not change.
In short WE ARE SCREWED
I'm glad someone's awake and not afraid to speak the truth I've been saying these things for awhile now but I'm literally surrounded by sheeple who'd rather jostle for position in a soup kitchen line than to peer beyond the vail... I'm glad you said the portion about a civilian uprising cause seriously in my own town people will line up in front of the court house to lobby for Gaza but would rather hold onto their deceitfully implanted scruples of race religion creed/social standing... I love this land the country is beautiful but the government is corrupt and it's high time we all stopped filling their pockets just so they can play war chief and continuously impose more and more stipulations upon our lifestyles...
👍💯👌 pleasure to watch your video always 😊
This is a great explanation of the economy in a nut shell! While I have been aware of everything you said in video for a very long time, I will certainly forward this to others so they can fully understand our current situation. Thanks!
The Creature from Jekyll Island book
Excellent read. I'm surprised the gov't. hasn't disappeared the author.
Well done!! You are 100% correct. Stay strong we need your voice.
"Fed rate cut: last ditch effort before total system failure" If that's true, then what are you investing in? Food? Guns?
Yes & yes as well as land and metals. Diversify.
Both . A LONG TIME AGO!!!
@chadhodson7976 oh , I forgot to mention metals. Brass and lead are excellent.
I know all of that. I was asking ITM Trading
The house that I grew up in in Miami was worth 250,000 in 1986. Today that same house with nothing done to it is 5.3 million. And by the way, I only purchase things in gold bouillon.
Good timing will review now
Thank You for telling the truth... Yes the storm is coming and sadly it's going to be devisdating !!!
Its far worse in Canada
Come to California. Where one trip to a grocery store costs almost as much as a plane ticket. You'll feel better. You probably won't be able to afford to stay very long though. 💸
@@WildAlchemicalSpirit Yes I know I have family there. Its bad just about everywhere
People's Charge Cards Are Maxed Out!
Thanks 😮
Thank you for giving us this information without trying to sell something in the middle of the video. You waited till the end to sell things. This caused us to watch the whole video.
At the 2 1/2 minute mark, you overlooked something critical.... in 1975 , a household income was one income ! Now a household income is almost always 2 incomes..... that is a vital difference . That should be understood and wel thought. Personal income as opposed to housing is where the truth becomes obvious, not so much ,household income, as that could include an infinite number of incomes.
I believe she showed a chart that only 40% of women worked in 1970 vs 80% today which illustrates how much worse things are today.
Ohh well, to me that just scratches the surface. More than one working man can live in a household, women too. A household can have infinite incomes.
I think she sorta covered that.
@@suzanneravgiala6220 you the man
I think her point was that today, even with two incomes, housing is vastly more expensive because incomes have deteriorated by comparison.
We are stupid. If we walk the walk they would all swing.
WEIMAR AMERICA PRINT 1 TRILLION DOLLARS 💸 AT 100 DAYS
THE WORSE IS COMING 😂😂
And BRICS
@@TavistockLiesBrainwashing BRICSS WHAT?
@@petruflorintofoleanu5865
BRICS commodity based currency next year.
Us$ is a debt currency based on US labour.
Not much labour in a depression.
No country will buy US debt.
Hyperinflation in 2025.
Putin warned you.
Very well done. Everything you said is spot on. Gold is real money. It preserves your purchasing power like nothing else. Few people understand this but I think more are catching on to this Fed Ponzi scheme. For those precious metal doubters out there just look at home values and the S&P priced in gold vs the USD. Become your own central bank and start accumulating gold and silver before its too late.
Inflation is caused primarily by taxes. It's related primarily to local, state, and federal taxes constantly increasing over time due to greed. Truth is, it takes no more money to grow crops or cattle today than 50 + years ago. Water taxes, energy taxes, property taxes, storm drainage taxes, convenience taxes, gas taxes, death taxes, trash taxes, farm equipment taxes, road taxes, school taxes, Income Tax Extortion Fee, state taxes, sales taxes, and employment taxes there are more I haven't mentioned. All these taxes and more drive prices up because all these taxes are in the price from the farmers and the goods it takes to grow whatever, till they put it on the market then those truckers add on their taxes before the wholesaler or warehousing ect. From feeding cows on the farm to the end, purchaser commodities have multiple layers of local, state, and federal taxes baked into the goods to be purchased by the consumers. And they say double taxation is illegal 😂😂 what a joke.
County, state, and federal taxes keep the working classes poor or JAB Just Above Broke. Adding new taxes on to existing taxes will always inflate the cost of living.
Ok You just keep railing against taxes
You seemed to completely miss the point of her video
@@TavistockLiesBrainwashing No I understood it very well, I was just adding the hidden underlying cause of inflation that is never discussed by economists.
@@TOPHAT1966GSinflation is an expansion of the money supply.
So the fact that banks make money out of thin air has nothing to do with inflation? LOL Where the f do you think the 30 billion in deficit spending comes from TAXES? LOLLOL You are lost
I agree with everything you said except for one thing, bitcoin is a better performing asset than gold.
Any suggestions on what to do with our savings? Can't put all in gold.
Buy toilet paper
Put it under your mattress.
Food water ammo tools land etc
Silver is the most undervalued asset on the planet and experts say the demand will soon be greater than supply, and Silver follows gold in price, also can be used for barter because under the constitution Gold and Silver are classed as legal tender and do not have exposure to third party risk, when the dollar and interest rates go down metals go up its that simple, that's where the smart money is going, central banks are stockpiling Gold, countries are stockpiling Silver because they know its real money while all the rest is just credit on borrowed time.
Why not all into Gold?
I believe in Gold and it's ability to surpass inflation and beyond.
Never been so bullish over Gold.
Never been so bearish on everything else. Specially fiat currency.
Not spending money you don't have will solve the problem. The 'fed' should be doubling interest rates - not reducing them. This is only going to create yet more hyperinflation. Sad for America. Trump 2024!
I would say a big factor in how far dollars goes is who is producing and who is consuming. With the exportation of US production, there are not enough producers in the United States. Then there is a low labor force participation rate similar to before women entered the workforce. So, what little is produced is split among more people. I will say the advances in production are amazing. There is no reason most industries need to offshore production if it were not for government interference. The cost of labor has been a declining factor with automation multiplying the productive capacity of a single worker.
Ive been buying gold and silver for 7 years. Im a stacker 😊😊😊😊😊
SKY IS FALLING, RUN RUN! Grow up, dollar getting printed crazily
Printing is exactly how the $ is destroyed. Literally 100's of nations fell that way.
Hilarious you think that's good
@@beautifulafrica4596 you misunderstood that statement
@manatahu789 Please tell me that wasn't a serious warning. Sounds very sarcastic.
@@beautifulafrica4596 Yeah, the sky is not falling but the dollar is growing and printing
@manatahu789 circa 15 years and counting. So you actually, seriously used "the sky is falling" as a warning?
The interest rate has to stay at zero for the US to pay it's bills. The political system has already failed.
Harris 2024. This is a problem that will be solved with higher taxes, taxing unearned Capital gains, raising corporate taxes, and letting more immigrants in to work for lower wages without paying taxes. Harris explained her polices are the result of her nice lawn as a child so that is all you need to know to vote for her.
Disaster if sleepy heads choose wrongly😢
You didn't have to tell us who you're voting for. We already know
We're supposed to choose between a crime family mafia don and the anti-christ, and Im not sure which is which. Whoops, Biden dropped out, so I can't say that anymore.
Yep, she's an economic genius for sure. Have it all fixed in no time.
Do we really need to be taxed more now? You have to be kidding.
Great video! I was trying to explain this to my wife last night. I just sent her your video
“Jobs Report” is the assignment of giving YOU The Job to check out of a store because of “self checkout”. How does it FEEL to be the check out clerk for the person who was just “re-assigned” / “laid off”. Jerome Powell has served up a 💩 sandwich to EVERYONE in the “middle class”. 💸
The smell of a Country being SOLD OUT
We were sold out a long time ago
Read “The Creature From Jekyl Island”