AMERICA'S BROKE! Stop Ignoring Economic Indicators (Another Bank Failed)
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- Опубликовано: 17 май 2024
- Are you ignoring economic indicators? Prepare now as we may be heading for an economic collapse.
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Majority Americans are broke, have no money. Most of them are close to retirement. Hard working people are suffering. These shouldn't happen. May the Lord help us 🙏
Yes, lets send trillions over seas though. Did any of you vote to have our time and labor given overseas? Scam 101
I've learned that you need just enough to get to the finish line , just like in our working days we would find just enough time to accomplish our daily tasks . A certain rhythm developes as we get in sync with fulfilling our daily and lifetime destinies .
FJB
God helps those who help themselves. Sorry but we're on our own. If you're broke and close to retirement, you screwed up. Don't expect others to chip-in to fix your failure.
Time to take to show who has power. We all need to come together.
That's why so many lost their homes during the lockdowns, live in their cars or worse, yet we treat them like shit... humans are horrible to each other!
Ladies liquor and leverage
@@mlbonfox8199will kill us
Is it really humans in general, or is it the humans that are in charge that are horrible?!
Which is it?
Women shit on men 24/7.
@@dstr1 The people in charge are not human literally(some of them at least), and that rabbit hole is deep. The true rulers are definitely not human. I've seen the documents.
Everything costs sooo much and getting more expensive by the day. Yesterday I purchased one chicken breast for $5.00, one avocado for $2.39!, and one bag of lemons for $5.00. Outrageous!!
Shabby looking one bedroom apartments for $1500/mo.
Absolutely! And if you don’t eat it with two days it goes bad! It’s ridiculous
I don’t think people understand how quickly we could be on the brink of literal starvation. Read history.
Inflation is world wide. It is not limited to the USA. Between the pandemic and supply chain issues, goods became scarce and prices increased. You cannot wave a wand and make the problem go away. It takes years to correct and rebuild supply chains.
@@proudliberal24-sv1wo Yeah right 😒
Stop giving money to other countries like Ukraine and funding illegal immigrants. Plus policies that have been pushed the last three years have been wild
That's like asking them to stop printing money... their idea of trying to save a late stage capitalist nation is to print money to infinity and allow unlimited immigration. Not going to work, it will do the opposite, but they can try.
This money has no affect on the common man. The problem is too many low salaries. Vote for unions and worker's rights.
And Israhell and Egypt and Japan and NATO and Africa and……..lol they dont care. They will continue until Americans stand up and say no.
@@proudliberal24-sv1wo 🤡🤡🤡
If we stopped giving money to them how would their oligarchs buy their yachts?
Corrupt government, it ain't hard ta figure out !!
More like tyrannical government not Overthrown or put in check so here's the Dier Consequences. Like the founders warned!
Sounds like Trump to me.
Not the government, interest.
We don't have a government. We have crooks in high places.
They are funded by a counterfeit money. Like a dud check that hasn't anything backing it, is a credit note without underwriting security. The same goes for paper dollars. If our government owned the printing press, why have they borrowed $35 trillion and from whom?
The small mom and pops businesses never get bailed out. This is as unfair as it gets. We are all paying for it and we will face a collapse of the system. How long can you kick this can? Also the massive wealth transfer is beyond disgusting.
That's done purposefully. This is the corporate conglomuration of US..we are an economically fascist system.
Nothing should be bailed out, plain and simple.
@@MagicSwizzle that plan sailed away in 1913 with the federal reserve act...
Not in 2008 either.
@@MagicSwizzleGovernment should never cause mass panic causing the need for a bail out either
I don't understand what covid Era stimulus means. Being told its illegal to go to work as a non essential person and getting 1 check for $1200 to cover the months outta work is hardly stimulus. They would have had to give me 50xs that just to break even for not being allowed to work
The boosted unemployment checks were the problem.
Yeh, I took three days off during pandemic when got sick with covid. No raise, no extra pay - nothing. People were at home getting extra, working people were getting covid, screamed on and degraded. Not even thank you. And i am close to retirement age. My company put older people in the front lines - it was sort off- you’re old already, if you die, nobody cares.
PPP loans and SBA loans. All welfare. All entitlements. Americans sold their souls and their freedom for a false sense of safety and security. Create the problem, offer the solution, create a slave class.
Companies could file and get $24K per employee on payroll. XM had commercials on their biz channel for years.
@@faithsrvtrip8768 yeah, and very likely our business owner got some $ from government as he came out very nicely after covid with new house, Porsche and huge travel bus. His travel bus looked bigger than my apartment. However nothing trickled down to workers. Actually opposite. Before we’re getting a week of paid vacation, after pandemic it was cut. No health insurance either. I guess post pandemic profits are going down, thus businesses expect new tax cuts and $ stimulus, otherwise workers will dearly suffer.
And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
With the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and adapt your tax planning strategies accordingly.
That's true. Changes in tax policies, both domestically and internationally, can have significant implications for investors. It's crucial to work with financial advisors who understand these complexities and can help navigate them effectively.
the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
I am homeless by choice, living in an RV. I'm actually not poor and I do have cash savings. But prices are ridiculous and, if I did buy a place I would be stuck and cash poor. That would be awful. So I'll continue to travel. I'm working in exchange for a campsite with access to free laundry on a lake in Montana. Beautiful place and those lake salmon / trout cooked whole over a fire are incredible!
So you aren't really homeless since the RV is considered a home.
I can dig that. Are alot of backcountry trout when I worked for Yellowstone park service
Sounds great😅 That is stress-free living.
I’m doing the same sort of thing after a Canadian landlord in Florida overlooked mold. I got very sick and am now considering hike the Appalachian trail to get well. A house I like in Texas has been reduced $50,000 and lowered taxes occurred in the past 35 days so keep up with things other than trout.
Ok you gotta fill me in on how your able to make this happen, the stock market is the only thing I can think of that can help me get out of this 9-5 nightmare cycle
The problem is is people don't want to talk about finances they don't want to talk about religion they don't want to talk about politics they don't want to talk about anything that upsets their cart and that's going to end up hurting us in the long run
they won't look up and see chemtrails in the air either.
I could be wrong but it seems like most people are honestly just afraid of everyone because they don't know who you can trust anymore! I still like to say hello in an effort to pull something out of them. Most act like they didn't hear me or just literally ignore me but a few will still say hi or smile and say how you doin? 🙏
People don't even know how to act in public anymore it seems. Since covid separated all of U.S. and made us fear and turn against our fellow man. So sad what they're doing to our children. All we can do is try to be kind and just keep praying for peace and for Trump to return to his rightful position in the White House. Kick that tenant resident out! Fjb he has to go! Fjb!
The government giving money to illegal immigrants to spend, and then blaming the “US consumer” for inflation is despicable.
It's not spending it's called slight of hand, they are using the taxes of tax payer base as a safe fall. Now it's coming 49 percent rate hike.
Illegal immigrants can't receive and did not get any money from the government simply because they don't have the citizenship nor social security numbers. Only those with social security numbers were able to receive money. Not even if they had fake ss numbers can receive money, because they wouldn't show up in the US system.
Bro… They have been stealing peoples money for decades printing money and borrowing and paying minimum payments with printed money. All administrations did it. The acceleration of the destruction of America started in 2020 and reached the point of no return when they decided to start a war with Russia by not allowing ukraine to negotiate. The dollar is being dethroned as world exchange medium and there is. o turning back because they did it on purpose. They want to destroy the power of the US and it’s constitution which drives human rights across the world. We will all be total slaves to a system run by a few criminals.
I dont get why will sane person do it....
Remember they represent your interests by being elected by you.
Also, America is also a very WASTEFUL nation as well.
Yeah.....I agree 👍
@@willieduffie4967 Thanks brother.
If they ever pull their first “bail in” on a single institution….then the mother of all runs would commence immediately….
They’ll need a systemwide outage or shutdown to pull off the bail ins…and looking back at what they pulled in 2020, I wouldn’t put it passed them….
Imagine a bail-in where the government recoup their 31 trillion dollar deficit. I feel like their back is against the wall and will do anything. Just a thought
We are the bail in. Once we deposit our money into these banks. We grant them permission to use those funds if they are in a financial situation.Hard assets are the key .
I only got $1100 and the IRS clawed that back the next year. I find it ludicrous to suggest anyone had years of that money in savings.
PPP loan forgiveness
@@tobyk5149 I doubt that money went into savings.
@@chris5942Doubt all you want. My HYSA is sitting just fine.
I was told it was the ones that put the money into all the meme stocks like GameStop and AMC and then cashed out the 2000% gains and then put that money in savings
I got zilch.
Not to worry, because Freddie and Fannie (taxpayers) are going to start giving out HELOC loans to bypass the banks that actually need to be repaid. People that are struggling but have a 3.0% mortgage rate will soon be able to tap into the equity in their home using Fannie and Freddie. Bought a home for $200K and allegedly it is now work $500K, our government is willing to give you $200,000 HELOC loan compliments of the taxpayers. Your credit score is irrelevant to Fannie/Freddie and the taxpayers. What could possibly go wrong with a plan like this? People that will use this program will most likely spend the money and when that money runs out, get ready for a waiver of foreclosures. Oh but wait, since it was the taxpayers that agreed to the loan, the taxpayers will have to pay for the home, and the person that took out the loan that claims hardship will most likely be given a 70 year mortgage and 1% interest rate in order to "KEEP THEM IN THEIR HOME." Does any of this sound familiar?
😮
Gee it seem you show signs of engaging in this WORRY Just remember this Tamaralucas 7138
if the grass that clothes the dirt isn't worried & the birds are cared for daily
we are definitely more important to you know who in providing for our DAILY
NEEDS.😊😊😊😊😊😊😊😊😊😊😮.
Yes, yes. The main aim is to greatly increase the number of people “owning” their own homes but really just paying forever rent to the government. Motive: control.
Yep... Smoke is in the air, it is okay to alert folks about the potential "fire." Thank you for doing so.
Way too familiar ! Tricky ducks they are !
Jack Gamble tells all of US what we need to hear! Thank you for having the guts to say what you have and still do!❤
How long do they think that $600 most of us working folk got lasted during Covid.
Yeah. Even for families it was $2400. If we had spent it, it wouldn't last long. We socked it away, it's earning 5.5% interest right now.
I gave my government money away to homeless people. My wife put hers in the bank.
The Fed is start the printing presses and watch, stimulus check dropping from the helicopters. This is all going to crash and when it does, 2008 will be a party as the massive amounts of debts are so much higher.
600 sadly did not go far at all
They sent me 80$,someone I work with all together got 14 grand,I got 80,I serpose single people don't matter,I shredded it,waste of time going to bank
Hi everyone, bye middle class
I believe that there's the working class , and the non - working class . They cover all of the income spectrums .
@@huntncoverwrong. “Working class” is a Marxist term. To hell with that classification. Simply put there’s the lower class, middle class, and upper class. You can go a bit further by saying lower middle/upper middle if you’d like. It’s irrelevant. The middle is almost completely gone, fulfilling Marx’s “utopia”. Disgusting pig Marx was.
If we all stop going to work and dont buy anything for weeks and not pay rent or mortgage. System will fail
It will happen. The rich and elite think that the middle class can keep getting robbed into perpetuity and it will never end. Well this well done drying up.
It wouldn't take 3 days lol i was serving in iraq just outside baghdad when Obama did all his government shutdowns. Not many people seemed to be aware of this, but a lot of us went an entire year without pay putting our bank accounts in debt, we only found out after a couple guys went on leave an came back looking worse than they left, guys with bills on allotments ended up the worst.
try it, that was the logic of the Protestant revolt against the Roman Catholic Church in the 1500's and 1600's. Do not participate in their society. The Protestants setup a dual economy.
The system is going to fail regardless of what you do. They've kicked this can as far as it will go. Down a dead-end alley which is too narrow turn around.
Chronic illness is costing us more than 3 times our military budget. Get America healthy, have money to fund solutions for issues like this
one good thing on being broke is that it doesn't matter if the bank fails. I'll be living in my down by the river.
Out of all the financial institutions on RUclips you are the only one who gives the easiest way to get rich. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ..... Thanks to Anni Juncina the lady you recommended.....
That is true my dear, Investment is the best idea presently and without it, human struggles are worthless.
I think to combat the negative effect of inflation, it's a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, cryptos and real estate, since this can help. protect your portfolio against inflation
Investing appropriately today can save you a whole lot of stress in the near future, so anyone who is not investing now is missing a great Opportunity.
You're right! The very first time i tried. I invited $1000 and after a week, I receive $10,000, that really helped us a lot to pay up our bills
Getting Anni Juncina to help me really helped me clear all my debits. I started with what I have left and it's been the best decision I ever made
People are having to tighten the belt yet the feds REFUSE to do so.
That's because they borrow money from banks to build their citadels and feed their families without having to pay for it. It is unrestrained counterfeiting of everyone's savings, a literal theft and wealth transfer.
You've got a point there.
Which funding do you want canceled
@@SigFigNewton You have a week????
@@winniethepoohandeeyore2 yes. Proceed.
The Dystopian America I've been worrying about IS UPON US. No jobs, no housing, banks tanking. 😮 Get your nest egg together NOW. It's officially too late.
When I see people stop going to all these baseball games all the football games and all the wwe ,raw wrestling shows especially all the pay per events then I will believe the middle class is in trouble
Exactly…soon as the concerts and sporting events numbers go down
Yep,the great recession, most people cut it too only two vacations for couple yrs,a joke,people have no clue
In all fairness, it’s not true they can’t convert buildings into residential… because I lived in a converted factory building apartment for 4 years
Sure they can, but only with shared community bathrooms and kitchens. Guess people will have to tske a number to use the toilet and book a time slot in advance for a shower.
~ Plumbing and Sewage Matter
Lol I spent all my stimulus check when they hit my bank idk what they talking having savings cause I paid off my car and half my credit cards
All my checks went straight into gold or silver.
Essentially, we dont have a society. We dont have people interested in a society. The collapse is mostly on purpose and partly negligence
Even in this conversation, the focus is on holding assets and not people being homeless and starving.
I kindof can't tell if the economy is in for a cataclysm or youtube sucked me into an algorithm doom spiral
I manage a restaurant on clearwater beach fl. This years sales are still up from last year's sales as well as guests seen per day. People are not running out of money yet.
@@snowcat4861 well if such an event was actually imminent, it seems reasonable to assume it won't happen at the same time everywhere. Enclaves of wealthier people would last longer, though in the end, the scenario I'm envisioning reminds me a lot of peasants storming the king's castle when they finally ran out of bread.
Same here 😅
@@milkdrinker7 That's why all the wealthy have been building bunkers.
Fallen world is hard at work ,stay alert.
People got used to a standard of living way beyond what they could afford. Then they borrowed to make up the difference. Now what?
True dat. Artificially high standard of living since WW2 . Living offa the plundered wealth of the world, was the reward for beating the big bad Nazis and communists.
NOBODY SENT ME …. Enjoyed the show with both of you !!
I love his smoke in the theater analogy. We need to pay attention if there is smoke. Not to bring up a highly contentious subject, but the vaccine smoke was also hidden & ignored. I personally was vaccine injured and was gaslighted. This is the way of the world these days. There is no objectivity and very few level heads. The hysteria makes for extremism on all sides .
The people who entertained concentration camps for the unvaxxed was ALL on the left, not the right! They screamed at people calling them "Fascist" while behaving 100% like actual fascists themselves... Don't give me that "both sides" BS!
It's sad how many people took the jab. I'm one that didn't. I'm retired so was able to do a lot of research on it when it first surfaced. I discovered almost immediately that it was man-made genetically modified animal virus into a very contagious airborne human virus. I also discovered how long a normal vaccine is tested prior to releasing it to the public. I found out the pharmaceuticals who produced the vaccines were given immunity from any liabilities for a period of 10 years prior to them releasing their vaccine. And it turns out 10 years is the magic number of years vaccines normally have to be tested prior to release. Then came the mandates to wear masks whose packaging clearly stated they wouldn't block the virus. That might have been the clincher because I've always used the N95 masks when I do wood working and when finished and I remove my mask I'd still have to blow my nose to get all the fine wood dust out of my nose that made their way through the mask. This was proof positive for me because virus particle are microscopic compared to the wood dust that made it through my N95 mask.
Man-made gain of function virus , mandating useless masks, allowing big business to perform business as usual while shutting down small & family owned businesses. You were allowed in crowded stores but you weren't allowed to attend church.
Not coincidence that many nurses quit their positions in lieu of taking the jab.
@31.08
We need to tell the emperor he has no clothes on
'No one believes, but everyone believes that no one else believes'
London Bridge is Falling down..
They did this in Russia to big office buildings in Soshi. the first 2 or 3 floors are retail, clothing stores, restaurants, bar, doctors, dentists, etc, the next floors are motel rooms, the highest floors were made into apartments. It seems to work very well.
True and thanks for sharing this timely information. SF has no more room for the homeless.
send them to Seattle and Portland
@@tobyk5149 kinda hitting below the belt there aren't you bud?.
Grow gardens, stock up on food, water, gold,silver,copper,and lead.
And brass 😉
👍
Keep letting people get away with this unpunished because they are in a "favored" business. It will never stop. The FED and banks, need to be subject to both seizure of personal assets and jail time for financial irresponsibility. That is from Powell and Yellen all the way down.
Preach it, brother. The pandemic level government spending going on right now is just plain reckless.
23:25: Oh boy... Owning a home is like drawing someone a picture of a house and then crumbling the paper. *smh. This is the American Dream?
I’m a political moderate, I see where government has a place in supporting the economy in some facets when needed, but what is going on with the Fed and banks is going to come out of the pockets of the working class and drive long term inflation. Actually, the economy and monetary system is so dysfunctional and abject in the context of what is supposed to be a developed country… the future looks grim
Why isn't anything being said about the United States national debt, approaching 35 trillion dollars? Terrifying.
Do criminals and corrupt monsters normally shine the light on themselves?
Try to stay on topic, this is one of your rules...dont start putting the blame on one issue, inmigration, this, not inmigration, banking, real state, the system...all of these issues has been rigged to favor the upper class...focus on solutions. How do we fix the banking issues, how do we make housing more reasonable to achive and so on.
These incentives were spent on bills right away for most people. These folks writing these articles are out of touch and so our elected officials.
Thank you so very much for such GREAT Fantastic Hour. You both are incredible!!! Thank you, You tube, alwaaaaays❤💯😻...
Great show Mr Sachs he puts it more realistic with his language and reality aspect of the topic keep the economic simple for the common people who need to understand the money and economics better. THANK YOU
To not be one of the big players in finance has to be the most mind blowing experience. Case after case through the decades it's one huge financial scam after the next while the average person just pays for it. The bank changes the sign on the front and does the next scam, bundle, swap, whatever. It's all made up for them and backed by the state.
It's not the Fed's fault; it is the interest, credit, and population growth.
privatized profits and socialized losses. vote these bums out
@@tobyk5149 privatized profits and socialized losses......
Trump rescued the economy during COVID-19. There was no recession or crash, and American retirement plans performed well.
Would you have preferred the economy to crash in 2020?
@@keyisersozethe fed makes these things possible and legitimizes the scams. The government can't stop its uncontrolled spending. Our population is declining and even all the imported people with high birth rates won't stop the decline.
Most banks that fail merge to bigger more stable banks. There are people laid off and branches closed but the depositor's assets are all transferred to the next bank. I do see a trend to consolidate banks, small businesses, landlords, etc. to push out the small guys and favor the "big" guys who can be controlled and manipulated... already happening anyway.
You don't think the rest of these countries that are dumping on a treasury see this stuff and wants to make them dump our treasure is even faster
@0:01 - HOW MUCH “STIMULUS” DID THESE PEOPLE GET?!?!?
Apparently everyone who made under half a million got something even babies got $500. In Canada where I live you had to work within 52 weeks to get money so I got nothing.
We have all these govt housing going up in Florida; it's crazy! I drive to work and its mad traffic and now all these apt buildings.
Communist khrushchevkas going up all over the place.
Apartments are being built everywhere. That's what they want for all in future. To live in controlled neighborhoods, squeezing out private home ownership. Each state has its sustainable living guide that will eventually be reality for all. Sickening to say the least. Another term is 15 minute cities. You will walk or bike within your community. To leave, you must get approval first. If you leave your community without approval, the surveillance policing with heavily fine you. The future of no freedoms and controlled hell.
Would you prefer skid row filled with tent cities?
The basic problem is the FED should not have allowed a bank to issue 10 + times as much loans to borrowers based on the bank acquiring a 1% 10 year treasury.
Great interview! Thank you!
Prep Plan:
1. Home Depot has 27 gallon yellow totes for $11.
2. Each tote will feed a family of four for one year. I suggest filling seven totes for seven years like Joseph in Egypt.
3. One tote will feed a family of two for two years. One tote will feed an individual for four years.
4. In each tote, put twelve 103 servings of pinto beans; six 51 servings of rice; seasonings.
5. Save your empty juice bottles and refill with water to cook beans, hygiene, and hydration.
6. Some people are emptying closets; using empty rooms or air conditioned sheds to store these totes. Some have even lifted their beds on cinder blocks to house these totes.
eat some of that survival food and see what it does to your health over a few months.
@SuperBullyone beans and rice?? I mean you need protein too
We are having a hard time now and never had to worry before. Can't save anything now!! I know lots of people that are not doing well and hate Biden administration. Get him out ASAP
Great discussion, I learned a lot from this.
Great info as always! Thank you both
You said everyone is working from home and then once you convert the offices into residential you ask, where are they going to work? They will work from home by your logic!
THE RESERVE RATIO HAS BEEN 0 SINCE MARCH 2020!!!!!!!!!
Keep having this guy back. He’s awesome!
Great talk! Thanks!
Scary!
(and very real)
Jack is great! Love his research - better than any cable financial news show.
You’re right about that!
Good discussion….. reality isn’t good but so few are taking action. Oh well things will work out--- NOT.
Prepare!
Jack Gamble ... wow, very knowledgeable, thorough discussion. Thank you!
Research a bank as in all things choose wisely.
I make 14 dollars an hour. So am I going to get a raise for all those added dollars to the economy? I think not. I think the average person is so damn broke that it’s going to shut down the economy flat
Are you trying to get a job that pays more? You can go into the trades and easily double or triple that.
I can confirm that as an average person, I am in fact, broke.
I'm not sure about the luxury retail doing so well. I was at the Forum shops in Cesar's Palace in Las Vegas and the luxury stores were EMPTY on a Saturday. . . in 2021 there were LINES out the door on weekdays.
Keep the content coming!
Junk silver 90 percent coin premiums are still low. Buy buy buy!
Yep, better get it before they melt it all down...again. Peter Schiff seems to have acquired a ton that he selling
A lot of America's got no covert stimulus money I didn't get a penny
I received no check, yet was forced out of my job.
I got a direct deposit, went to the bank and told them to send it back to where it came from. The teller told me they couldn’t, so wrote a check back to the Dept. Of the Treasury with “I do not accept EBT” (Electronic Benefits Transfer) and “I reserve all rights” on it.
Maybe this lost money will one day show up in your bank account resulting in what is recognize as a B
L
E
S
S
I
N
G
just waiting to make a grand entrance in your life😢😢😢😢😢😢😢😢😊.
Just imagin if i can get you in that mind set what might that money you supposely returned could mean for you today with inflation ??????😊.
@@GwenClyde-iv7et it’s not money. It’s an instrument of debt. The sooner the sheeple figure that out the better.
Excellent!!!
Very interesting....this is one of the few times we get a look at the rot behind the system
If you want to make America great: LOVE ONE ANOTHER
If you want to make the economy strong: LOVE ONE ANOTHER
Loving one another is the solution to:
POVERTY
HOMELESSNESS
CRIME
VIOLENCE
GREED
HATE
INFLATION
WARFARE
PRIDE
DESTRUCTION
EVILNESS
THE LOVE OF MONEY IS THE ROOT OF ALL EVIL.
[ 1 Timothy 6:10 ]
The whole world needs to be taught to LOVE ONE ANOTHER
Parents need to be taught to LOVE ONE ANOTHER
Children need to be taught to LOVE ONE ANOTHER
Governments need to be taught to LOVE ONE ANOTHER
Nations need to be taught to LOVE ONE ANOTHER
You are absolutely right but will people listen? You should be ok. All the best.
we did love one another when we were the same. Now we are not, and 20 million more NOTS just arrived
Tell us, what is love?
@@firstnamelastname-os5ro 1 Corinthians chapter 13 covers what is love?
Love suffers long.
Love is kind.
Love does not envy.
Love does not parade itself.
Love is not puffed up.
Love does not behave rudely.
Love does not seek its own.
Love is not provoked.
Love thinks no evil.
Love does not rejoice in iniquity.
Love rejoices in the truth.
Love bears all things.
Love believes all things.
Love hopes all things.
Love endures all things.
Love never fails.
Beloved, let us love one another: for love is of God; and everyone that loveth is born of God, and knoweth God.
He that loveth not knoweth not God; for God is love.
[ 1 John 4:7-8 ]
Just renovated the office towers for the rich,make an entire floor 1 unit.
Super informative re: monetary policy. Great guest.
Good discussion.
I have to say, the studio looks really good!
Billionaires are doing fine
Thank you so much
No truth. What a disturbing issue!
You guys have been saying the same since 2020
I still have all of my Covid era stimulus money, I locked it all up in precious metals 4 years ago and it has gained in value, keeping up with inflation.
At the moment im outfitting a Transit sprinter for living in, I spent $26k in rent payments last year and it really changed my whole perspective. No more..
That’s why they have to raise taxes so high.
Less than a month worth of stimulus four years later shouldn't even be mentioned😂
So very true!
Magical cliff jumps turn into spikes then turns into a false collapse. The money is going somewhere else overseas to private access accounts. Government funding private accounts. Childs play ⏯️▶️
They are talking about rich people
Rich where???
They will get eaten alive once the illegals takeover
Think it's not our country anymore
Been doing this for a few decades ... I worked with Volcker in the early 80's on Wall Street ... this can only be describes as a clown world ... I pray God has a plan we cannot see from here
28%-32% of the broke consumer not paying back debt because the burden is to heavy or they are laid off . 28%-32% of nothing is still 0%. And even the consumer gets bailout file bankruptcy and within 6-12months credit card offers come in the mail again.
Another great one!!
Face to face meeting is the way to go 🎉😂
This is the dude that told everyone to short Nvidia...let that sink in.
It is enormously important that this is being covered up because it is an election year, although now every year is an election year. No safety net anymore. They even crippled the bankruptcy options for "regular people" during Obama.
Same situation happened in Europe in 2008. Anglo-irish bank went bankrupt and the Irish were left paying the loss= 80 billion euro..!
The US government has over 30% of their bonds and Treasury bills maturing.
These debts and their interest payments are due btw now and end of 2024.
The worst part is that there is a rolling debt maturity of about 30% every year going forward.
That means the US has to find enough buyer of their debt (bonds and Treasuries) every year in the future.
Not only that, the amount will increase every year.
At present, the US collects just over 4 trillion from all taxes and forms of revenue, with their current debt interest alone at 1.2 trillion dollars every 12 months.
That interest repayment obligation is rising fast.
It's projected to be almost 2 trillion by the end of next year.
That's about 1/2 of all the money the government brings in yearly just going to pay the interest.
This week, China just unloaded 54 billion of their US treasuries holdings.
There are fewer and fewer buyer willing to hold US debt (IOUs in US bonds and Treasuries).
That's why I've told people (for years, don't buy US bonds).
The 10 year US treasuries are paying a few % in interest, so if anyone holds a US bond, they are guaranteed to be lossing their savings.
The interest from the US paper contracs does not even cover the increases in INFLATION.
Keep in mind inflation is a 12 months rolling figure, not 10 years.
You initial purchase of that bond or treasuries get eaten away very quickly in annual increments.
Currently, the US debt stands at almost 35 trillion with a T.
The US government deficit spending is over a trillion a year.
That's just their deficit spending.
Add to that the (almost same amounts in interest) mandatory payment on their debt.
Their deficit spending is projected to be 2 trillion (every 12 months, and grow fast) in a few years.
At the same time, when the recession induces a economic downturn, the US revenue in taxes the government collect will drop significantly.
That = to a greater and greater portion of their income going to just interest payments on their debt.
Every cent of that deficits spending is going to be borrowed money.
Who is going to fund that debt?
They are already seeing a big drop in buyers coming to US bond auctions now.
I can't imagine many people stupid enough to line up and buy up more of the US debt going forward.
If these bonds have no buyer's, then the us government has to print more money to fund their debt.
That's going to mean another round and more severe inflation.
The average joe 6 pack on the street needs to get ready for more pain in their wallets.
Soon or later the US economy is going to crash.
I said a long time ago, the US government only has limited choices.
They are caught between the proverbial "rock and a very hard place"
1. They can default (bankruptcy on a national scale) which won't happen.
No country that can print their own money with chose to declare default.
2. Raise taxes dramatically. Won't happen because any government that does that will be voted out.
3. Drastically cut spending. That won't happen either. The voters in a democracy will put a stop to that (to be sure).
And any spending cuts will further push the economy into a deep collapse or depression.
4. Let their ballooning debt just inflate away.
That means run away inflation.
It's going to mean great suffering and pain for the average person.
But not for the government.
Government charges taxes by the total cost of goods or services rendered.
A percentage of the total bill.
The higher the inflation, the greater the total bill, and the greater the amount of taxes as a percentage.
It's a free windfall for the government.
It's like finding FREE money.
These 4 are the most common options. With the #1 option being "de-basing the currency" (inflation).
By far, the most likely outcome.
Get use to hearing "print and inflate the debt (problems) away"
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As for realestate.
Pretty much the whole world is in a realestate bubble.
The US, on an average is seeing a 30+ rise in inventory.
It started in Apr.
The Canadian realestate board just came out with their stats.
The also show a sharp rise of 30+ inventory rise across the country.
Why are the supply going up all of a sudden?
Because so many people are "underwater" in a realestate jargon.
The term underwater means the loan owing on the property is greater than the appraised value of the property.
As more sellers panic to unload their debt, a further devaluation of realestate will result.
That means even more sellers panicking to unload.
It will be a vicious, self-fufilling cycle.
A buyer's market will be the result.
I spend a lot of time looking at the fundamentals everyday, even while I was still working.
I really don't understand how otherwise intelligent people don't do any homework in the biggest financial decision of their lives.
They totally depend on the hear say from others.
If they just spend a hour looking at the rudimentary facts, I think most people would come to the conclusion that the entire realestate market is fake and completely in a bubble.
People have to stop living in a fantasy/dream world. The gravy train will come to an end.
Most people are ignoring the facts in plain sight.
They will face reality soon or later.
Very intelligent and spot on explanation sir…. What do you think will happen with land values? Thanks!
I put most of my money into long term bonds knowing the phrase "when somethings too good to be true it usually is". I know interest rates will go nowhere but lower over time.
You are correct, however most people arent on the gravy train, they know its over and are trying ro survive. The wealthy already know it is over and buring things down. They are taking the money and running.
But yes, its over.
Hey , what happened to your side kick and talking real estate?
When I was a real estate broker the most desirable property to list or broker the loan was Office and Multi-family, the banks, Reits would fight for the loan, now the entire commercial market's preferred properties are crumbling. And residential will be tiny homes lol.
Enjoyed the line at about 1:08… ‘for those that don’t know Jack’… Like your channel.
This economy is smoked. But, there's whole swaths of people who are well-off, generally Lefty who just don't seem to get it yet. I think they're just comfortable in their lives and feel like tough times won't touch them.
I see this too. They are oblivious to reality.
If your broke in America then you lived beyond your means. Credit and debt and wasteful spending. Regardless of inflation.
So you can’t be broke for any reason that it isn’t your fault. Is it your fault if you got hit by a car and have brain damage and can’t get a job as a result?
@@TruthBeToldAlways100 is so then I am sorry for that but that is possibly 1 in millions.
As the National status quo for not having money and being broke its almost always due to personal irresponsibility.
There is nothing wrong with that if its your Choice. But its not anyone's fault and it sure isn't the Governments fault.
But in my instance I was homeless living in a car by myself for two years. And woke up and said enough. I have had it. And went to work. And put myself thru college and then dropped out. And still built three corporations, traveled the world and now provide houses for disabled and early dementia and alzheimers sufferers.
But it was a choice to do so and many years of struggle and hard work.
But good luck regardless of your sitiation..
American stimulus... I got $297 in total... I am pretty sure that was depleted within 2 weeks of grocery shopping LOL. Government is so out of touch
Quickly becoming my favorite podcast.