"Middle America Destroyed" - Sex Workers Feel the Effects of Inflation as Client Numbers Dwindle
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- Опубликовано: 16 апр 2024
- Pimps and sex workers are feeling the economic effects of inflation and sustained economic decline, which are primarily impacting the middle class. In this segment, PBD and the Hometeam discuss how the Biden economy is mainly benefiting the wealthy.
Watch the whole episode: ruclips.net/user/liver-V2mWL8...
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida. 
Развлечения
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Please can you leave the info of your invstment analyst here? I need such luck
Finding financial advisors like ‘vivian jean wilhelm’ who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
interesting! just copied and pasted her full name on my browser, found her site at once, and skimmed through her credentials, very much appreciate it.
When sex workers are felling it, we are in big trouble
Or you are very good.
Facts if there's one thing these dudes gonna spend on its them little sex workers 😂
Those sex workers are jealous the economy is the one getting pounded
😂😂😂
1939 crisis
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
As a hair stylist who focuse on womens color and extensions I can tell you 100% my business has been impacted. I have clients who wouldn’t go an extra week with their grey roots. Who now are rocking the roots as if it is normal. It’s very scary from where we are. My adult son text me and said mom I can’t get to work tomorrow bc I’m short gas and don’t get paid for two days. How embarrassed I was to tell him I was sitting here counting my change jar bc I was in same position. Our world is crumbling
Remember that in November.
It's crumbling cause of feminism and socialism...
Witchcraft and Voodoo economics.
I work in the healthcare field, and I see a lot of women around the job wearing hair coverings because they are not able to get their hair done. In times past, they always had their hair done up.
@@iveyhealth2266wow
Soon hair and gas is least of your worries. When SHTF we will see people lining up for food, basic necessities and other rations, this country about to turn into North Korea, Venezuela and Cuba and it will be by design.
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Very true, you can be passively involved in the markts and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
Mind if I ask you to recomend this particular coach you using their service?
The advisor that guides me is “Tenley Megan Amerson” , most likely the internet is where to find her basic info, just search her name. She's established.
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
Sounds like you're not aware that a low Fed rate increases spending, therefore increases demand resulting in increased inflation
And last week, Mr. Adam was saying "the economy is fine, inflation is fine". What a piece of work this guy, and he has a Finance Podcast.
He's a beta boy on hormones
My rent went from 1600 to 1900 last year and that absolutely destroyed me. On top of more expensive groceries, gas, etc.. It'sto the point I've gotten a second job, I'm scraping up and trying to save money whereever I can, and all I do is pay bills. Everything Tom said is exactly right. Idk wtf Adam is on
A new property management bought my complex, and they raised my rent from 2100 to 2800. When I moved in there it was 1600 less than 8yrs ago. I had to move 25 miles further from work, because nothing affordable is nearby.
Adam is a privileged little boy
Mine to 😢
Wow America seems like a great country to live it
You getting a 2nd job is just taking away from the homeless person who needs it
CAN THE SEX WORKERS GET FEDERAL ASSISTANCE??? THEY KNOW A LOT OF CONGRESS PEOPLE!!!
Sex workers all do get federal assistance. They are on tax forms, unemployment single mothers. They also get food stamp cards, housing assistance, and Medicaid.
I love it.
😂😂😂
Not sure I call that work. Plenty of free protein comes with the job. Get up off the back and go do some work that benefits society. Jeez
😅😅😅
4 years ago we weren't living pay check to pay check.. Now we are begging for payday to get here.
4 years ago trump was adding $8 trillion to the debt!
Trump wanted to print even more money but he was blocked by Pelosi!
Trump wanted to hand out more checks with his name on them! 🧐
Or have 2 or more jobs.
Four years ago you living in FEAR of potential DEATH.
Four years ago the ECONOMIC system was being held up with 10T of Economic Stimuli.
All the while trump stated it would all burn out by Easter.
Now the ugly truth has come to roost. Free money aint free when it comes back in the form of Inflation.
Thank you man Trump.
BY the way when your doing that Thank all the republicans for their Company bail outs that dont have to be repaid:))))))))
WHILE IMMIGRANTS ARE LIVING FOR FREE
Perhaps you were not, BUT plenty of folks were.
I’m from California. California charge you gas tax to improve the road, mortgage tax to improve the road, vehicle registration tax to improve the road, toll fee to improve the road, home heating tax to improve the road, and many more. But yet, the roads are still f@cked up and never ending repairs.
Please leave snowflake
You left out quite a few taxes but yes indeed
The taxes are to perpetuate the unfunded pension liability problem that Cali refuses to solve.
I Know-I'm in Sh*t Sacramento!😔
@@FricknA *There was a "bail out"for them in the ORIGINAL, Build Back Better BILL!*
*That was WHY it cost so munch*
I'm 47 years and I went to vote here in California in Los Angeles but only saw elderly black ppl voting. They are voting democrats. We as a community need to start voting period. This economy is hurting us all. Please vote.
And unfortunately I bet that those elderly people are not even well informed with the current issues going on other than what is fed to them by the mass media and newspapers.
How do you know who they voted for? Serious question...i thought that was private
It's a rigged everything is planned bro sorry. The biggest wealth transfer in human history is happening and we had , COVID, multiple wars, and high inflation shit is designed
There are photos of top democrats and top Republicans with Jeffery Epstein that's how I know election are rigged
@@U_neekliss Everyone knows black people generally vote democrat.
I make 85 k as a paramedic in Houston. It’s very difficult after taxes, retirement and deductions I take home 50k. Inflation hits hard to people like us.
How are you going to counter it?
What things are you doing to make adjustments to your plight?
Have you figured out yet that there is no ONE person or Political Party that is going to
Change your plight?
If so then your on the right track.
Learn how to game the system just like the wealthy do then nothing really matters.
But by all means dont think magatardism is going to save you.
Wow nice! Im jealous
50k!? I thought Texas doesn't have state income tax? If you live in Cali Cali that will be about an extra 5k
@@victorcapetillo2070
Dude, Texas is a shit hole. It’s not a good state. It’s like the worst state in the union.
Really paramedics make that much ?!
One thing I’ve noticed in my 68 years is that generally when the stock market is doing well the middle class is not.
I’m sure you noticed as well, when the stock market is at its highest is usually when it also comes down crashing as well. These are boom bust cycles thanks to the crappy legislation (or lack thereof).
In laymens terms....the Stock Market is not the ECONOMY:))))
@@patrickanderson4680 Very true. However that’s what the MSM is always screaming about and pols just take advantage of insider knowledge to make trades that are not available to the rank n file citizens.
boom and bust? We need that lol that’s regular economics. We’ve been pretty stagnant with 0 percent interest since 08
And yet, you voted for Trump, who forever touted stock markets as evidence of his economy. 🤷🏽♂️
**FOOD PRICES are actually DOUBLED**.
The 30% Inflation, PLUS the
20% SHRINK FLATIRON
Gas prices are basically $4.00 a gallon. Plus rent is going WAY UP.
"winter is coming"- Kevin Samuels
I did my taxes last week, I make $67k a year, I have a teenager- I got almost nothing back. I went from $45k to what I’m at now and the difference in taxes blew my mind. It took that to actually understand how the tax policies truly work. I was technically in the poverty bracket and lived within my means. Now that I’m making more at a different job, I still have to watch finances the way I did when I made less. There’s no difference. I do the 10% of my paycheck to my savings every payday. Now I’m looking at maybe having more taxes deducted from my checks to offset the wack ass taxation Biden allowed. Biden allowed Trump’s tax policies to expire. Democrats are not for the working class, they are the biggest liars. At least republicans tell you how they are going to screw you over with certain policies. I filled my tank, in WA, and have to use premium, $5 a gallon. $65 gave me a full tank. 🙄
When I bought my car in 2018, it was $40.
Can’t wait for November.
Touche!
my biggest complaint is the groceries, the grocery inflation is horrendous. $20 extra to fill the tank is an ugly inconvenience...... a grocery load is atleast an additional $120-150 more
The More You Make,,,,, The More They Take,, Unless you touching some million's,,, but they coming after them to,,,,, Crazy Day's
What new "taxes" did biden enact for those making $67k/yr?
Not getting a big tax refund is a good thing!
It means you didn't overpay taxes during the year!
Biden has not touched the Tax Code. Trump did. Guess what the very small tax cut the middle class got is about to expire. He did not let the tax break for coporations to expire just the people.
Adam....comparing the US to Zimbabwe...says it all. Now we are comparable to a third world country.....about right.
You will own nothing and you ll be happy
Zimbabwe had the worst inflation as a country and the USA was top 10 in the fight against inflation. Not comparable at all.
Zimbabwe numbers are wrong taken out of context, they dropped old currency that was useless introduced a new gold backed currency that is now 1 usd to 13 zig
You people compare america to Africa as whole all the time when it’s beneficial 🤷🏾♂️
I figured as much, 500 percent inflation would mean revolution and there would be a civil war raging there I would of heard about
Small biz here and I've been noticing decline in my biz since Sept. 2023. My CC debt has gone up since then, and last time I've had CC trouble was back when I was young before 2013. But, this time I can tell people don't have enough to use services due to inflation. And unfortunately, I'm about to purchase an RV and park it on my parent's property because, I don't want to fall deeper into debt to a point where I can't manage it AGAIN.
Is the RV for the business?
If not, you might want to hold off.
🤷♂️
@@danlc95 uh huh
04:14, PBD's face while Adam's talking..😂
Family of 5 here.
Groceries in 2019... $200 a week (we do not buy sweets, chips, cokes, alcohol)...
Grocercies in 2024 between $400 & $435.
NO throw in Health care and a Mortgage your probably breaking even if your not over your head in CC debt.:)
Do you have a membership to a wholesale club (Costco, etc.)? Fantastic way to save on groceries for a family like that.
War in Ukraine = grains price skyrocket on the world markets = it costs more to feed the animals we eat and it costs more to make cereals, bread, flour, etc... All because of a stupid war in Europe.
its all for a "good cause", just think of the poor Russia.....äh I mean Ukrainians (as if anyone in the US could tell the difference).
Totally can confirm those numbers for a family of five, three kids and two adults.
Double in less than 5 yrs. We (middle class) can't sustain this for much longer.
Even if Trump is elected, what about the following 2 terms for a new President.
My prediction. This new generation of 12 yrs old or younger will be the first generations in North America (Canada and US citizen) to immigrate to more conservative countries like Poland.
They got Adam on the thumbnail for a reason. My man is a customer
or was. word is he's spending more on Ubers now haha
🤣
😂😂
100% ... i've met many adam's in my life... he's Chief Save-A-Hoe
@@flojotube9323 Most definitely. These type of people find their value and confidence from women. That’s why he has his own show with flesh merchants so he’s not the dumbest in the room.
Adam is disconnected and lived such a privileged life that he's completely blind to what affects the vast vast majority of people. How does the price of food, gas and rent/mortgage reflects personal financial responsibility?
Eat cheaper, take public transportation and your Mortage was your choice
@@christopherm202dcfinest2poison yourself with crappy food, take public transportation to make your commute 4 hours instead of 1.5. Don't own a home, just rent and have an even more unstable living situation.
That is what you sound like.
@@christopherm202dcfinest2eat cheaper why doesn't everyone do that anyway.
@@christopherm202dcfinest2McDouble and large fry costs 10$ Lmfao.
Fuck off
@@chrishart8548 I have no idea
🤢🤢Here in Berkeley, Oakland CA we're paying closer to $6 a gallon TODAY 🤢🤢
Lmaoooo the sex worker post had me rolling 😭
Ramen is actually up 400%. Used to be $0.10 per pack, & it's now $0.40.
Way more in our dollar stores for years like .33 per pack now think more
@kathyfugere6085 paid .33 pack in early 2000s
That’s just goes to show that the usd has fell 40% an it has
It's $2-$3 in my Wyoming Walmart, but I found another grocery store that has them for $1. We buy only 5 packs to have on hand if ever needed. Growing up, I remember buying the whole case of 20 for $2.
In ontario it's 70 cents each for the cheap kind
I'm so tired of hearing how "Inflation in America isn't as bad as other countries around the world"... I live in Asia. Have been all over the continent the last 5 years. Literally no country is even close to experiencing inflation like the US. People who say "The US is doing better than most" haven't left the country in at least the last 5 years. I'd put my money on the fact that they probably have never left.
Okay, so are you going to tell Americans to stop being greedy and to stop buying unnecessary shit? Life in the US isn't hard, people just waste money much more over here.
Whoch country in Asia ? There are many...
I'm so tired of hearing facts and statistics too. I hate when people don't just say what they feel
@@georgeinjapan6583 Singapore, Malaysia, Thailand, Taiwan, Philippines, Indonesia.
@@losgatoscreek1 What are the “facts” that you’re referring to? The fact that there are unstable countries with crazy inflation is ALWAYS true. Listing Venezuela and saying “look, other countries are worse” is a terrible misrepresentation. Of course it’s worse, the government there has failed.
The US is experiencing a unique amount of inflation due to the excessive printing of money that has occurred in the last 6 years. Pretending that other countries are feeling the same effects is disingenuous and factually incorrect.
As a p4p guy, I'm now saving my extra resources versus spending it on the ladies of the night. One of my regulars told me that she's been struggling for the last two weeks. She said many of her clients aren't showing up anymore.
I would like to be a P4P guy.
@@futurecleannaw , these p4p guys are getting leftovers , bags that looking like duffel bag of roast beef - sex workers so desperate they allowing nasty dudes to hit it raw
Imagine being a p4p guy and can’t cut back because you are married to the one ur paying to play😭
@sylvesterhurt447 lol lol, dude that's like 99% of married men. They pay but they don't get to play😆😫🤣🤣😅
@@kloud1174 that’s what I’m getting at… sadly lol
Meh, their prices have increased. Most of them used to charge between *80$ -150$* an hour, now they're charging *200$ - 400+$* an hour. They need to lower their prices. 😆
How does one spend 17 years in finance AND still doesn't know shit?
His dad, once a week, lets him count his money. 💴
ARE U TALKING ABOUT ADAM?
Because Adam clearly manages to float by in all that he does... just like his presence ON THIS SHOW... he has no business sitting on this panel, but yet, THERE HE IS.
Adam demonstrates how many snowflakes reside on the right. Y’all cannot stand him, why? Because you disagree? Get over it.
This isn’t like a random comment here and there. Every video there’s a substantial amount of people crying over this guys presence. Maybe they are snowflake bots, I dunno. But I spend time in both echo chambers on the right and left.
Remove a few words and my gosh it’s mirrors of ignorance.
@@matthewadams8294 I complain about his presence simply because he has no business sitting amongst this panel of professionals. The fact that you equate this to RIGHT OR LEFT shows you're brainwashed to think theres actual validity to either side when there isnt. I dont see Adam's LOWIQ contributions as being tied to a "SIDE" - I just know a guy who BULLSHITS his way thru these shows when I see one, and I don't enjoy him ruining every episode for me.
Good luck with your sides tho! Hasn't panned out in a positive way in 250 years, maybe THIS TIME it'll prove itself valid!! Keep the faith!! Exactly how you've been told to.
Hawaii is an island. If your state's gas is more expensive than the gas on an island... something wrong with your state. (LOOKING AT YOU CALIFORNIA).
Gas is at $4 in Utah and they have refineries there!! Wtf??
California is in the top 4 gdp for the entire planet wym
You ain’t lying lol 😂
@@Adroit1911 Cause OIL is a product that gets SOLD. America does not make its own oil for the people of America. OIL COMPANIES ARE THE FREE MARKET and can do what they please. You guys love Free Market well here you go. Hope you keep loving it cause this is what they do.
@@user-je8fz3oh3k the difference in price across the country tends to fluctuate based of tax and transportation costs... I'm pretty sure it's a tax thing bud....
I live in the Netherlands and its not 3%. Its 3% but our inflation bucket exclude all the living cost like rent, gas water light etc etc. Groceries x2 sincd covid, gas x4. The most fake stat i have ever seen. Who makes these stats??
We have the worst housing market next to new york and hong kong
Well de subreddit r/paleistehuur shows the insanity of your rental market.
Also more dutchies living in belgium
Y'all literally almost killed me with that starting headline I was choking lol
This country is fucked but just remember you guys voted for this so good job 👏🏼
good jab too.
Most people wasn’t alive when Nixon took America off the Gold standard and started using fiat currency. That’s what causes inflation so you’re wrong.
Yes, but the sex workers are less fuckt now 😂
Everyone who voted for Joe Biden owes me money
They have been kicking the can down the road since we went off of the gold standard
As a WA state resident living in a city with the highest sales tax in the state (higher than Seattle), the hike in food & gas prices really does a killing. I absolutely do not have discretionary funding whatsoever. No going out, dinner & a movie, etc. Costco wholesale is pretty much my go to as I buy bulk & make it last for months at a time. My eating out is Costco hotdog.
Hang in there nathan....your learning how to deal with it all now.
Wait till it gets real bad and most people wont have a clue. However, youll have it all figured out by then.
If you can buy a little Bitcoin.
Youll thank yourself in a year or 2:)))))
Must be Bellevue. @@patrickanderson4680
Communist agenda is almost complete, this is how it starts next is food scarcity after money is worthless while politicians take all the tax money.
Hey, that's a good dog right there! I love em!
Tom s great! His points and the way he delivers information is great!
Love you Tom !!!! So much good seance. Go go PBD!!!❤
Adam Adam Adam what in the h@ll does Zimbabwe have to do with American!! I think you just like to hear yourself talk! Wise up man!
he actually showed where America stands in comparison to countries with the lowest inflation too. It's a global problem
@@isiahnelsoniv are othyer countries printing money to completely be funding 2 wars that dont involve them while this is going on?
@@abprepboy33 I'm no fan of war, but if you think that's the only reason inflation is high, this conversation need not go any further.
@@isiahnelsoniv I wouldnt say its the only reason- passing out money for 2-3 yrs straight during the pandemic while shutting down 3/4 of production is a big reason. However- the 2 wars going on right now are things that the US could decide TODAY to stop funding. They are actively contributing to inflation. If they want to support Ukraine and Israel - give them loans. LOl why should the US be going further into debt?
No change at this point
Laughing at the use of pound and sex workers in the same headline! 😂
These “Biz Bro” podcasts are going to age really well. Looking forward to it. I wish I had my 15 minutes back.
pat is a good leader. you can tell by the way his team interacts with him.
Adam not everyone makes as much money as you. It’s easier to save if you access of money.
Exactly. He's outta touch with regular people.
Everyone can save if everyone chose what is actually needed, not wanted to live.
When i hear people complain the first thing i wonder is how much they spending on fags, alcohol, eating out and entertainment?
Most times youll find there is plenty of discretionary money to invest with and save. Its a matter of delayed satisfaction vs, Instant satisfaction:)IMO
he's banging cougars
He’s also single with no kids. How nice to live with no responsibilities and make tons of money on a weak talk show
@@Kimster182that’s his choice? What’s are you deciding?
Lifelong SoCal/LA County resident here. People wait 35-45 minutes at COSTCO to save a few bucks. Crazy times 2024. Probably be $6/gallon by summer
Gas is already $5.90 in Long Beach, CA
It can reach that number. OPEC has stated they want to lower production again. Guess what USA or any President cant do anything about it.
Should be higher! You have plenty of renewable energy, use it,you paid for it!
$8 easily
Utilities are high, but Electric cars requires you to get a solar panels, but whatever logic u try to sell, people still see a 40k solar panel purchase to buy a 30k car to save 2 dollars a gallon? Tough sell when people are having a hard time. Might as well just drive less.
I'm not an economist nor financier, and I definitely agree we're paying more with less for things nowadays. It’s regularly said that, adjusted for inflation, things were far cheaper “back in the day”. But I do wonder if a big part of the reason we have less money now is because we have far more items we spend it on. For instance, back in the day, how much money did our grandparents spend on their cell phone bill, Netflix, and ESPN+ account, cable/satellite/streaming, and internet (not to mention only one TV)? My hunch is zero. Together, I spend close to $400 on those in one month.
In the 1960s, most households only had one car; one insurance plan, one payment plan, one vehicle to fuel up…..my guess is that most households have more than one car now. Most people didn’t have gym memberships, most people didn’t travel as often or as far (due in large part to families closer to one another), and most parents didn’t sign up their kids to expensive ass travel sports teams.
Just saying.
Also the quality of goods and products has lowered from companies cutting corners. The result of that is having to replace things at a higher rate.
@@mazengwe28 Correct. And how often are people replacing their exceedingly expensive cell phones? 6 months? 12 months? I'm certain that wasn't an issue "back in the day".
@@petrom1028 Especially with how compact they are making them. And if you don't buy a case, the phone itself is slippery. Ear pods are a thing but how easy is it to leave it behind or drop it? Tv's outside of Samsung or LG only last 2 years.
Good video Pat. Thank you for always speaking the truth. 💪🏽🇺🇸
4:36 Patrick realizes adam’s a tool.
4:49 patrick fully realizing this guys useless
We’ve been telling him in the comment section for years…
find a new guy
He was a little rude about it, though.
Patrick himself got rich running multi level marketing schemes, then bought all of his influence.
@@joen8529 is that his past? If so, why judge a man off of his old self?
He doesn't even teach money like he used to. He makes "honest" money telling the truth.
PBD dropped a hammer on Mark Cuban. Love it
What policies did Trump do to help the middle class?
@@user-je8fz3oh3k do your research. It’s not worth typing it all out.
All of them. @@user-je8fz3oh3k
@@user-je8fz3oh3k Got gov out of the way
People like you are just looking for a fight who hate trump. You have google just like everyone else. #lazy
The news headlines was funny😂 who ever came up with it had their minds in the gutter 😂😂😂
You know that editor had fun writing that news article headline 😂
ADAM ADDS ZERO "VALUE" to ANY of these discussions... HOW MANY TIMES will PBD GET ANNOYED AT ADAM for NOT GETTING TO A POINT before CORRECTING THE ISSUE?????? holy crap man!!!
So much for "VALUEtainment"
Dude, he’s there so it’s not so one-sided man we need debates of multiple different viewpoints. We don’t need an echo chamber man.
@@walterwhite1came to say exactly that 🤙🏾 though I may disagree with him I appreciate hearing the other side and as the side that claims to be about logic, it is logical and wise to hear and understand the arguments of the opposition.
@@walterwhite1well he lacks of Basic knowledge and some substantial intelect to add anything in to any debate
@basherbasia4451 he's the type that pisses on your leg & tells u it's raining
Every conversation you need a goof ball to level the viewers
Any household making under 80k in the US is feeling inflation for sure. You almost have to make six figures if you want to live and enjoy life. Everything is way too expensive. Car repairs, rent, housing prices, car prices, groceries, ect... all the prices are jacked up.
My auto policy just went from $98/mo to $287/MO. WTAF???
And prices will NEVER go back down, EVER. They are just trying to bring the RATE of inflation back down to 2%, they aren't talking about bringing prices down.
If your living frugal, taking care of business fixing your own stuff and paying attention.
80k is a fine living:)))))
@@patrickanderson4680
“Fixing your own stuff”
Is a crazy statement to make
Fix my plumbing, electricity, cars, medical needs???
@@bperez8656 I guess you'll need a real man
Love the intensity of this chap.
$12,500 a year to keep up with inflation….. we are about to see this “great economy” show the effects. Money is running out unless someone makes over $200k a year.
You don’t need to make that much.
@@christopherm202dcfinest2according to who, Biden? Lol, “financially successful people bad- take their money and pay for bs programs.”
@@christopherm202dcfinest2not yet but soon. Let's go Brandon!
Or retired and own everything,no debt, and have a income stream.
Adam's got it all figured out 😂 punk
I own a small business I spend an average of $1100 a week it’s killing me and my customers.
Pat - THANK YOU for checking the smug rich like Mark Cuban!!! Thank you. Yes - we’re getting squeezed. I’ve been following a guy who calls himself The Economic Ninja. If it wasn’t for his warnings my family and I would be screwed RN. I’m chronically ill and unable to work so we are a one income family. My husband does pretty good I think BUT we’re still below 6 figures, just under and doing ok. Can’t afford vacas but all our bills are paid and food in our bellies. If it wasn’t for that I just mentioned we wouldn’t have a deep freezer full of meat. Chickens in our backyard, and paying debt down like our life depended on it. Anyway, thanks for your content. God bless you
Its one thing to do the pounding, but it hits different when it's happening to you
I drove a cab in Las Vegas Nevada. When is cab drivers were moving, when we were picking up & dropping off that meant the city was moving. When the sex workers on the street were active & business was good & they were in & of it of hotel rooms that meant the city was moving. When the doorman was opening doors & getting tipped the city was moving. When the bartenders were making drinks all night long, keeping people hydrated it meant the city was looking for action & it is going to be a goodnight. When the street promoters & the street hustlers were walking, wheeling & dealing, talking that talk it's like making funk music, the rhythm is exciting & exillerating. It all goes hand & hand. When things are active & happening for the sex workers thing are active & happening for the city. If you know you know.
As a former cab driver this is true. When there is more discretionary income, people are more willing to take a cab instead of a bus or walk. You get more movement and more fares. I would always remember when it got close to the end of the month, and you would see a dip in fares, as folks would be paying bills.
Oh SILLY ME i shouldve just got a 15k raise 🤯🤯🤯
I have a fairly decent lifestyle, small business, I own a small house and earn enough money. I have noticed the inflation over the last three years and it’s affected me, but part of my lifestyle is that I spent half the week in Tijuana and usually the exchange rate is very good… But in the last year, the dollar has lost 25% of its purchase power.
So if the United States is at 21% cumulative inflation over the last three years, I assume that Tijuana is a little bit more… add in the 25% devaluation of the currency, against the Mexican peso and I’m looking at a +46% price difference, but the truth is it’s much more. My tacos cost me double what they cost me three years ago. The taco is a great indicator of inflation, kind of like a cup of coffee in the United States.
GREAT discussion gentlemen!!
Adam is of short memory. First Powell said they wouldn't raise interest rates until 2024 at the earliest. Then they said inflation was transitory. Then they changed their minds and raised rates cause it wasn't. Then they said inflation was under control and rate cuts were on the horizon. Now they're floating more hikes. The fed doesn't know what to do. Interest rates and oil have little to no correlation.
They should have had a controlled crash in 2008. Now we're going to have an uncontrolled crash.
“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.”
Frédéric Bastiat 🌮🕺🏻💨
Eastern KY here been watching you all for couple years now! You are exactly right me and my wife made more last year than we have ever made in 8 years of being married and we have not lived one bit better! We have doubled our income from 3 years ago!
Right on David,
Thank you …
I am being so serious. How do you grow your money if you don't have any? When all of your money is being spent on bills, gas, and basics needs. Nothing fancy like eating out, clothes, or other wants. When you are putting dish soap in the washer because you can't get detergent until next week. How do you invest in your future?
Get a better job
@@Kekchevinatroll
I keep getting told to buy gold. I have 30p to last till next Friday. And get a better job only works if you can double your worth how would that even be a thing.
You can always join Patrick's sleazy MLM life insurance scheme where 95% of the licensed sales agents make less than a minimum wage worker making $7.25hr! 😂😂
@@Thatdudedrew17Bidens booming economy!
Sadly 5 years ago I was the only one working. Now my wife is working and I picked up a 2ed job and working 7 days a week. We are bringing in 40K more a year then 5 years ago and have about the same amount of spending cash. The only thing that had saved us from bankruptcy is we did the Ramsey program. My wife had 30K in student debt. WE had to pay that 30K. I’m grateful they did the no interest but We got no bail out so when I see that people are driving new cars and talking about there student loans are being forgiven it just cracks me up.
You want to know the reality of adam?
Those that got the bail outs went out and bought over priced vehicles those same vehicles today are less than half of what they paid.
So....when they trade, sell or get repoed...there going to be in the exact same boat. UPSIDE DOWN.
None is getting ahead on this deal:)))))))))))))))))))))))))
Except for the politicians that got business bail out money during covid and dont have to pay it back:)))))
The irony of PBD and MC, the elite of the financial elite, arguing over how to fix the middle class.
My diesel that I buy in northern CA on an Indian reservation with no added CA tax is $5.39/ gal! I always fuel up here instead of on the coast. It’s 5.99 plus on the coast! If I go east to Redding it goes down into the $4.29/ gal! My area gets screwed ALWAYS!
5$ for a gallon of gas? We already have that..
Right? I don't remember the last time I paid less than $5 in OC California...
@@drod9953In some places it’s juuuuuust under $5 lol
It's just under 4$ here in south Florida.
You wanted communism and handouts?
@@LIQUIDSNAKEz28 same in Ohio
This admin. Has failed the public miserabily in every ! Respect !
What policies have failed you?
Or are you talking about inflation and how it affects everyday life?
Lets look at the following.
During the pandemic 10T was given to support the economy.
On top of that 8 trillion more was added onto the national debt.
On top of that 2.3 Trillion was given to the most wealthiest in the form of tax breaks.
All this money had, has to and will funnel thru the economy.
The more currency the more things will cost.
Its the SYSTEM we live in a DEBT based system.
There is no one nor any POLITICAL party that is going to fix it.
YOUR the only that can fix your predicament. The sooner people realize that the sooner they will prosper.:)
IMO
@@patrickanderson4680 The other political party would do much better.
@@JustDItY I highly doubt it let me tell you again. The largest tax break in the history of the United states was given to the wealthiest in the nation. On average they pay 8.5%
I bet if you had the chance youd take that deal. But it wasnt offer to YOU.
Because your not in the CLUB:))))
Good one Tom!
A $7/gallon price is about what I pay in Switzerland, actually a little more, considering the strength of the CH currency. That being said, the average salary in CH is about 20% higher than in the USA...and the commute distances are typically shorter. My kids use public transport daily (public buses, metro, and trains). We even have a bus stop literally at the end of my driveway...so one could theoretically not even need a car. Public transport is exceptional here.
My job requires plenty of international travel, where I typically take the train to either Geneva or Zurich airports, avoiding an airport drive (and the airport parking garage) when possible. Thank goodness the rest is from the home office.
With two Mini Cooper's, we fill up the tanks no more than 2 times per month (range ~320 miles per full tank), unless there is weekend/holiday travel. When I had the company hybrid SUV (BMW X3 X-drive M-power) I was filling the tank up only once per month, using the battery for 95% of a daily commute to/from an office.
Considering how much I travelled Stateside by car (many years ago)...I cannot imagine what a nightmare sky-high gas prices are to a US family that's not deep into a 6-figure income.
I'm not doing great financially, but I moved out of Southern Orange County California over 8 years ago. My wife and I can live pretty well where we moved to (Costa Rica). We saw this coming, and I didn't want to work until I died. The best move we ever made! Pura Vida! I live a much better life, going to the beach twice a day, eat real health, never have to deal with being cold. And this is all on Social Security. Little to no government interference, more free then I've ever been, especially with what I see going on in the US! I surly wouldn't want to be in the US after the (s)election!
I heard Costa rico is called little amerika and it too is getting expensive to live there.
Curious.....what are your monthly expenses and how much gross income are you bringing in with SS?
Also you didnt mention pensions either.
Only asking because were getting ready to pull the trigger. El Salvador is looking better and better each day:))))
@@patrickanderson4680 I'm 30, single with no debt, only paying rent, food, bills, car insurance and working online making about 60k a year.
@@saulperalta780 we don't make enough money to have to pay income taxes.
@@patrickanderson4680 it definitely is more expensive now then it was 8 years ago. We live very simple lives, live within the culture. I think we get about 3k a month. Utilities are about $100, total rent is $700, food is what has gone through the roof.
Boomers living on Social Security is a fantasy that Gen X is painfully becoming aware will not exist. Millenials and beyond are completely screwed. The greatest generation suffered a bit for their meal ticket.... the boomers had it easy riding a fake economy for decades. Costa Rica is the most expensive latin country I have ever visited. The real estate in Tamarindo was the same price as in San Diego when I was there in 2012. Shady international bank real estate system was a trip. Socialism at it's finest. You had to deposit your money into a European bank before a real estate agent would even make an appointment to show a house back then. Is the country still run by European Banks? Your rich if you own any land at the beach in Costa Rica. God Bless America.
I'm surprised RUclips didn't insert one of those stupid grey boxes stating "Context: the inflation reduction act has improved the lives for the average American"
You called it. Wont be surprised when stuff like that happens closer to November
Inflation inflation act
Oh I'm surprised too
Always love your show
Imagine if Pat replaced Adam and Vinny…. How great could this podcast become? Possibly the goat….
I live in the South. I went to the Popeyes Chicken yesterday and ordered 1 drum stick…1 thigh…and a sweet tea…..$12.00! So…..that was my final meal there unless their prices come back down.
We can’t even afford to eat popeyes in a country, where health care is so high
@@efreezeaimtopleazeask yourself why Healthcare is so high
@@toddtravis2596 Because I'm eating at Popeye's?
Bad diet guy
Never been a fast food guy. If I do grab a quick lunch out it’s in-n-out. Still affordable can’t beat a double double for 5$. But my question is who the hell is still eating fast food regularly? Doesn’t even taste good anymore
"pound" lollllllllll
Only Fans girls are jealous the economy is the one getting pounded
The contest thing you're talking about is awesome. I think it's super exciting. I'm all about it. I would love to get down with it but honestly I don't think I could afford it. You've just got through saying that middle America is suffering. They're behind and those are the people that have the most questions for you. They want and need to connect with you. But how on earth are they gonna do it when it's most likely out of their normal budget?
Thanks for the truth PBD!!!
i'll bet anything that ADAM knows plenty of sex workers
He’s a disgrace to Jews
That is a GREAT headline!!
If inflation is hurting the consumer so much, why are so many corporate profits at record highs? Answer: Corporate Greed. Because corporations don't care about the condition of the consumer until it's too late. Bank Of America profits are down due to credit card delinquencies on the rise. Trump tariffs caused the first wave of inflation. Corporations passed the cost on to consumers. If you look at the aggregate PPI over all industries, it has dropped since 2022. Housing? In 2017, 18% of residential rentals were corporate owned. In 2024 it's 51%. Wall Street backed investors are buying up complete tracts of new homes for cash and taking homeownership away from private buyers. Blackstone has destroyed the housing market. The new breed of Robber Barons has taken hold of the US economy. Remember this: When John D. Rockefeller was forced to break-up Standard Oil through anti-trust laws, his fortune grew exponentially. Sometimes regulation needs to be put in place and/or enforced to ensure a healthy economy. Trumps Tax Cuts and Jobs Act was responsible for artificially inflating the stock market AND the housing market putting middle class people out of reach of home ownership and inflating rents. BTW...Trump's Tax cuts expire in 2025. The average us household didn't pay for television until the 1990s. It's a relatively new expense on top of internet access and cell phone bills. Households pay more for these extra expenses that our parents and grandparents never had. the price of "convenience" has become a burden. Electricity natural gas, and phone companies were regulated public utilites that were well maintained and paid investors a regular 10% dividend. It was a perfect investment that outpaced inflation to support "widows and orphans". I suggest you guys study some history so you don't keep sounding like complete idiots. And one more thing. The US has produced more oil than any other country in history in 2024. Why aren't gasoline prices reflective of that? Greed. Gasoline is 13 cents /gallon in Venezuela.
I understand that Big Gov. revised the process for calculating inflation. It used to be factored over the last two years and is now averaged only one year. Big difference!!!
😂 "I'm in a bind Nate." ~ Jada Pinkett (Set It Off 1996)
😂😂😂
"This one Rob , this one Rob, no no this one" - there is a tone while you guys direct him you might want to reel back in 😅
Oh no! Let me dig deep to shed a tear.... dang it, can't find one.
love you show. please never stop
The middle class needs a new deal. This sucks
File exempt on fed taxes and tell everyone you know to do the same
Maybe DONT VOTE FOR DEMOCRATS!!??
WE just need a tax bracket like the wealthy have.
Lets face if if your bracket was 8.5% we wouldnt be talking about how bad things are:))))))
What middle class? The middle class is quickly going away.
there hasn’t been a middle class since late 90s maybe early 2000s
here in the netherlands we pay $8,50 per gallon
Small, quick lunches at a convenience store now usually costs me between 9 and 14 bucks.
Adam on medicare I get 12,000 a year, I’m an old Marine, my wife gets a little more, how U think I’m doing, meditation food gas , heating oil electric I can’t get anything I don’t need, I got hurt and crippled up , so don’t tell me any of Ur Rich sarcasm shove it fool!!!!
Meditation is free dummy
Adam: you're responsible for your own personal finances. Just because most companies didn't give raises this year and inflation is higher than the annual raise doesn't mean you shouldn't be able to afford to live.
I agree. Even people with no debt and are responsible have 15% in prices and increase in taxes!
When the prices get too high you just use your hand
Every person on this panel reminds me of every version of car salesmen you could encounter.
Inflation is happening in our house
Inflation hits us all the same eventually!! VOTE WISELY IN 2024 FOLKS - TRUMP2024
No thanks. I like presidential candidates who don't have to sell $399 sneakers and $59 Bibles to pay their legal bills.
@@nateh3441 totally! You'd rather vote for people who ruin the economy even further 😊
@@nateh3441helping out a suppose billionaire with their legal bills. Lmao 😂😂😂😂😂
@@nateh3441should hate the political legal system then
Kennedy would be the ‘wise’ choice
The editor knew what they were doing with the title of that article. lol.
I’m in Pennsylvania my local gas is 3.77$ gallon and that’s grocery store gas not even brand name like Exxon ect…
Agree with everything PBD said except...Mark Cuban didn't pay those taxes. The consumer pays EVERY dollar of ALL taxes, fees and regulations
High insurance and goods should never be hand n hand