1 in 5 Are Financially Doomed!

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Күн бұрын

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Today, we're diving into a shocking reality: 1 in 5 Americans are financially doomed! With credit card debt skyrocketing by $117 billion in 2024 alone, the financial landscape is looking grim. Inflation is out of control, and everyday expenses are pushing people to their limits. Restaurants are closing, and it's getting harder to make ends meet. #maxedout #creditcarddebt #restaurant #iallegedly #BankWarning #BankRun #jeromepowell #uber
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thehill.com/business/4665135-...
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nypost.com/2024/05/15/busines...
www.dailymail.co.uk/yourmoney...
nypost.com/2024/05/14/busines...
nypost.com/2024/05/15/busines...
t.ly/oRiLo
www.cnbc.com/amp/2024/05/15/h...
www.investing.com/news/econom...
www.msn.com/en-us/money/marke...
www.the-sun.com/sport/1137505...
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Пікірлер: 737

@bernadofelix Ай бұрын

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

@berniceburgos- Ай бұрын

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

@DorathyJoy Ай бұрын

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

@SandraDave. Ай бұрын

Could you possibly recommend a CFA you've consulted with?

@DorathyJoy Ай бұрын

My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@Hectorkante Ай бұрын

Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.

@debragerard9148 Ай бұрын

A set of 4 tires that cost $600. 5 years ago, now cost $1100. People are being left behind and will never catch back up. A lot of people are doomed!

@chewy6942 Ай бұрын

No joke man, tires up 50% is lunacy. Need a loan to buy tires these days!

@vincentyeo88 Ай бұрын

Up to 65 percent of adults don't even have $1,000 for any emergency.

@Prince_Arcturus Ай бұрын

I bought 2 sets of tires for my 1970 Toronado a couple of years ago, put 1 set on the car and have 1 of them stored in my garage. I figure they will outlast me!

@scottjohnson320 Ай бұрын

I buy used tires. The last set for my Suburban cost $235 for 4. The set before that were $180 and lasted for 4 years (Bridgestones). The tires come from car dealers taking trade ins or leasing companies selling they're vehicles. They have to put new tires on the cars before they sell them.

@nightowl6811 Ай бұрын

Don't worry, im the pro in tires my friend, Michelin tires are excellent 👌, a new 1 is $200 size 17 for my lexus, I just buy used in great condition almost like new for $70! So $70 x 4= problem solved

@FAAMAN841 Ай бұрын

I Have always subscribed to the car buying mantra of 100% down and monthly payments of $0.00.

@brettloo7588 Ай бұрын

I do that now, but back in poorer days 5 year loan should be the max. These 8-10 year loans are nutz

@jonmontgomery9412 Ай бұрын

Unless they give me 0%, I’ll use their money thank you

@rockpadstudios Ай бұрын

@@jonmontgomery9412 I was lucky to get my Jeep Liberty in 2006 0% - I still have it

@jimcrawford3185 Ай бұрын

Old world

@phredflypogger4425 Ай бұрын

If I can't pay cash I can't afford it.

@mommymommymommy9 Ай бұрын

I own a cleaning company, and air bnb cleanings have been stalling for months.

@fullofhope2222 Ай бұрын

ty for commenting

@sirrockefeller149 Ай бұрын

@@fullofhope2222 you are welcome

@bobjames6622 Ай бұрын

In which case, adapt, instead of moaning. That's how business has ALWAYS worked. In fact I bet that your cleaning "company" is just you, a bucket and a chamois leather. LOL!

@Pleasemison Ай бұрын

@@bobjames6622l

@LA70S Ай бұрын

@@bobjames6622Why be mean? She is saying that business is off.

@oneof001 Ай бұрын

Dan my daughter consolidated her bills under a consolidation program. she has been paying them since September. They never paid a payment on behalf of my daughter. They have themselves filed Bankruptcy. The money is gone and my daughter is literally screwed. Get the word out. Thank you!

@virgierutledge3004 Ай бұрын

Did your daughter let you vet out the company?

@oneof001 Ай бұрын

@@virgierutledge3004 No, I just found out today that she had done this. No backing up now. Take care, Stay safe.

@chriscook215 Ай бұрын

Damn !!!

@theraptureisnearbelieveinj448 Ай бұрын

You’re better off using another credit card to consolidate debt.

@annahgibbus8 Ай бұрын

Which consolidation company?

@vincentyeo88 Ай бұрын

75 percent of working adults are living from paycheck to paycheck.

@waynehendrix4806 Ай бұрын

30% of all statistics are false. 90% of people stating statistics are fools. 2% of people can produce an aspirin if asked. And you just gave me a headache.

@LA70S Ай бұрын

The percentage went up. It's now 78%. Horrible.

@DeliverMeFromEvil- Ай бұрын

And the sad fact is many can't help it😮

@ZEUStheKingGermanShepherd Ай бұрын

💯💯

@johnjaco5544 Ай бұрын

Doomed????Why????Living high on the hog,spending and living over your means,that's the problem.Spending on starbucks,vacations,dinners out,concerts,and living on credit cards,hitting casinos,that's the problem.Were the only country you can wait in a food line in a brand new car.Remember,,,gas stations,grocery stores,and banks don't accept gold or silver,cash is still king.Been out of the market for years and doing just fine.Be smart with your money,and hang on to it.

@overk1llz Ай бұрын

I was going to date this girl when they were handing out stimulus, she went straight to the tattoo parlor and spent all her money. Never talked to her after that 😂 I was like man this girl is just gonna be a liability.

@dylanvanhoorne3191 Ай бұрын

Lmao if it was on you we wouldn't have a economy at all. Bread and water. That's all you need😂

@spaceindian3769 Ай бұрын

@@dylanvanhoorne3191bread LOL A bowl of gruel and a cup of dirty dish water

@user-xv3gd6qr6m Ай бұрын

@@overk1llz Speaking as a woman, you dodged a bullet! Congratulations, she needs her butt kicked! 😂

@rosearning9974 Ай бұрын

Cash in your gold to use it, silly.

@brittanyb5942 Ай бұрын

I think it’s more like 1 in 3 are financially doomed!

@danielfiore5528 Ай бұрын

95% off statistics are completely made up...including this one😂

@crosslink1493 Ай бұрын

That sounds more likely if you include those folks with crushing car payments and mortgages.

@kellynorvell5714 Ай бұрын

Exactly!!!!!

@jasonthemason1971 Ай бұрын

My Auto Insurance doubled in the last 4 years. No tickets, same vehicle.

@undesirableloser9702 Ай бұрын

I doubt it it's all doom & gloom. No difference in any other time😮

@joellynparks7805 Ай бұрын

Silver is $31.34 and climbing 🎉🎉🎉🎉

@johnmusser8925 Ай бұрын

Gold over 2400

@whowantstoknow8492 Ай бұрын

it will come back down, its being manipulated

@Media-gh9oj Ай бұрын

I got my silver at $18 😁

@williammason352 Ай бұрын

@@Media-gh9ojI got in at $12😅

@scottjohnson320 Ай бұрын

Understand that McDonald's is coming out with a new $5 Meal Deal. The meal will consist of a half eaten hamburger, a small bag of cold fries past their throw out time, and a small drink with a straw that already has lipstick on it.

@dannyho6786 Ай бұрын

and a used pair of panties for a napkin !!

@roosatlgany7622 Ай бұрын

The "burgers" will have 50% filler, 25% crushed bugs, and 25% meat.😂😂

@David-jm6yo Ай бұрын

I purchased a regular whopper no cheese & small drink in Ft Payne, AL ( No fries ) . It was almost $9. I’m done with fast food!

@crosslink1493 Ай бұрын

There's a local Mexican fast food chain in my area that raised the food prices a little (10%), but the biggie was raising the drink prices by 50%. Now I buy food there but no drink, I'll stick with my water bottle from home.

@David-jm6yo Ай бұрын

@@crosslink1493 normally I always drink water but I played 36 holes of golf yesterday and needed a Dr Pepper to make it home.

@kathrynj.hernandez8425 Ай бұрын

uh, but you bought it...

@shirtlesslager Ай бұрын

can't do arithmetic?

@undesirableloser9702 Ай бұрын

They did that to me I said you have to do better on the price. Didn't respond I walked out I would not pay that

@user-db2ob2jc2f Ай бұрын

One of Dan's best lines ever: "RED LOBSTER IS THE DENNY'S of SEAFOOD"

@barbarajennings1798 Ай бұрын

I listen to your program every day. I haven’t been to Sherman gardens in many years and now live thousands of miles away. Thank you for taking us there. OC was my home town.

@kayak9078 Ай бұрын

I know people who are over leveraged in the Airbnb market where the properties are in oversaturated vacation areas. They haven’t had guests in months, both properties. They bought the properties in 2021 when rates were low but prices sky high. Both mortgages in the 2k’s. There’s no free ride in this world!

@IP0Monsturd Ай бұрын

Joe Biden’s amigos pouring over the southern border would disagree with your “no free rides” statement.

@topicalstormofficial Ай бұрын

They were greedy.

@jimmyg3855 Ай бұрын

Bnb got way too expensive!!!!

@FraaaaaankRizzo Ай бұрын

@@topicalstormofficialNot necessarily. There is nothing wrong with trying to invest in things. It won’t always work out. I almost went that AirBnB route but I wondered “ What if folks are tapped out at some point but my bank does not care and still wants their money? Nah. I’ll pass.” Here we are now! WHEW!

@evecarrington562 Ай бұрын

@@FraaaaaankRizzo There is no real need for Airbnb. There are hotels out there, stay in those. People got greedy because they thought they could make a fast buck. They didn't realize how expensive the hospitality business is. There is no way staying in most Airbnbs is cheaper than a hotel once you add in all the fees.

@patrickoguinn4553 Ай бұрын

6:39 Governor hair gel. 😂

@cliffoilarjr2682 Ай бұрын

If Gruesome Newsomw ever becomes President we are doomed!!

@nellyjohnson7316 Ай бұрын

Yes, California needs a governor who will give tax breaks to people who don’t need it.

@DLewis-pc2op Ай бұрын

Very little compares to the Interest paid on the $34 Trillion debt we owe as a Nation.........Yipes!!!

@mr.g1758 Ай бұрын

Between deficit and compound interest on debt we are borrowing $1 trillion every 100 calendar days.

@johnjaco5544 Ай бұрын

The debt is so large it can never be paid back.

@brettloo7588 Ай бұрын

And rising, Thanks FJB

@kwaichangcaine8234 Ай бұрын

Brrrrrrrrrrrrrrrrr goes the money printers . While the Clinton's Bush's Obamas Trumps and Bidens laugh at us .

@spaceindian3769 Ай бұрын

Add people still believe their crap@@kwaichangcaine8234

@chewy6942 Ай бұрын

Hey Dan My son works for Panera Bread in Colorado. Not sure if all Paneras bake their bread fresh daily as they did here in Colorado but my son said they no longer use their bakers in house and it’s all being shipped in frozen. More jobs lost and freshness out the window for how expensive the food is!

@Pam-yw9ty Ай бұрын

I'm a baker in a grocery store (chain) and one of the last things I still make from scratch is our bread but we're one of the only stores in our region that doesn't use frozen dough. There's a huge SKILLED labor deficit in this country.

@wweems1953 Ай бұрын

By having a bakery in California, Panera got out of the $20 an hour state mandate.

@agnesyoung2917 Ай бұрын

Good to know. I’m not paying their high dollar for frozen bread.

@redkrawler Ай бұрын

Yeah Newsum the governor owns a bunch of Panera breads this is the reason they don’t pay the $20

@rev.jimjones9100 Ай бұрын

Their

@TonyPeony Ай бұрын

Thank you Dan for the tour through the gardens. It was very uplifting and enjoyable

@williamlyons3947 Ай бұрын

I watch his videos everyday.

@margyrowland Ай бұрын

Thank you for showing us the gardens. Very lovely backdrop to very unlovely economic information.

@NoDaysOff-oz2zl Ай бұрын

Better than hanging out with Metal Leo in Beverly Hills and seeing all the storefronts that are Fir Leeeeese

@geraldsteigerwald1058 Ай бұрын

That plant that looks like moose antlers is called a Staghorn.

@lovly2cu725 Ай бұрын

Staghorn fern

@howardbarrett9131 Ай бұрын

Dan, please come over here to the west side of Phoenix and investigate the insane amount of massive WAREHOUSE building and ongoing construction (along the 303 loop for example). These buildings are empty, 1,000s of truck loading docks, ….. it is very ominous…. The country is broke and we don’t manufacture anything.

@johnjaco5544 Ай бұрын

Those warehouses are for the cartels

@crosslink1493 Ай бұрын

Is Phoenix a distribution hub for stuff coming up from Mexico? Similar thing here in the Los Angeles area where it comes in at the harbor, some comes into a transit distribution point near downtown L.A., but a lot of it goes to the Inland Empire area (Ontario, CA) where container loads get re-distributed in big warehouses for shipment out across the USA.

@lovly2cu725 Ай бұрын

The 2 chip factories should be ready soon.

@lovly2cu725 Ай бұрын

But we warehouse stuff we import

@lovly2cu725 Ай бұрын

Also 2 chip factories almost complete. People will make $80I there. Houses built nearby in Surprise AZ. Trains to from Cali east thru AZ

@KristopherStidd Ай бұрын

Thank you for the video Dan. You are so dedicated. I appreciate that. 😁

@rbs0648 Ай бұрын

17:20 .... California's Current Gas Taxes & Fees at of May/2024...$1.61 in taxes/fees per gallon of gas in CA Federal Excise Tax; 18 cents per gallon State Excise Tax; 54 cents per gallon State Sales Tax; 9% to 10% Low Carbon Gas Program; 22 cents per gallon Green House Gas Program; 15 cents per gallon Underground Tank Storage Fee; 2 cents per gallon $1.11 per gallon in fees not counting the .55 cents sales tax.........$1.61 in taxes/fees per gallon of gas in CA.

@beatriceannbaker3350 Ай бұрын

Just sold our rent house proceeds going on our mortgage. Getting the house paid off in the next couple of years before we retire.

@kathrynj.hernandez8425 Ай бұрын

nobody cares.

@jethrofan4452 Ай бұрын

That's awesome! You'll get there...we paid our 15 year mortgage off in 4 years.

@TheClubbinator Ай бұрын

Friend’s wife lost her job & they have two car payments and a mortgage payment. The worst part of it is that they live in Commifornia. Being smart we own both of vehicles and home in another state. But we are affected because of home & car insurance went up with everything else.

@bdcochran01 Ай бұрын

congratulations to you. I own my car which runs as well as it did on the first day brandnew. I live in CA and own a tear down which is in move-in condition, according the definition that move-in condtion means 5 years without digging a new sewer line, redoing the roof, re-doing the electical. My property taxes are less than $4000 a year. The new, $4,000,000 house on the corner will pay over $40,000 a year in property taxes. The new house coming to market in a month two doors down at $6,000,000 will pay over $60,000 a year in property taxes. Years ago, I could have moved out to Malibu and lived with the movie stars. I chose to live within my means, to retire with a decent savings account. And, in addition to that, I have paid attention to Dan's financial suggestions and benefited greatly from them.

@peteybrian Ай бұрын

California has it's problems - but what state today doesn't? I've lived in several different states and countries - and California is still my favorite place. It's beautiful. And this state has made me and so many of my neighbors rich.

@user-xh7us2zb9y Ай бұрын

Four years ago our house insurance was $1300, now $4800, Welcome to California, not😢

@williamlyons3947 Ай бұрын

calling states names won't help. If I was in your friend's situation I would sell the highest expense car (probably the truck) to wipe out a payment and rent a room to get more income. I already go to work on my electric scooter most of the time and it's so cheap. I have a small car that gets close to 40mpg. My car insurance didn't change but I heard insurance went up a lot for trucks and the heavy motorcycles; my friend sold his Harley and is so happy he did.

@pamallen7546 Ай бұрын

Thanks for the tour!:)

@anechamc2750 Ай бұрын

if/when the banks go down 5/5 will be financially doomed

@williammanion5655 Ай бұрын

It should read...... 1 in 5 isn't financially doomed

@IAllegedly Ай бұрын

So many people are broke

@undesirableloser9702 Ай бұрын

@@IAllegedlyI don't believe it where I live everybody here has money nobody here is broke. Even the bad neighbourhoods people are pockets full of cash. At all depends what state you live.

@undesirableloser9702 Ай бұрын

I agree with you everybody around here is money it's all doom & gloom. They just want you to buy gold that's all. Wherever I Go people are spending money people are pockets full of cash. I have no debt myself I'm in good shape.

@whowantstoknow8492 Ай бұрын

Same with me I live on east coast, building of commercial buildings, apartments, homes being built like crazy, people buying cars (range rovers, bmw, trucks, Mercedes) and eating out everyday, so it’s always “doom and gloom” with these people went through the same thing in 07-08 and other economic downturns

@novadhd Ай бұрын

@@whowantstoknow8492 most people live off debt

@Resmith18SR Ай бұрын

Jerome Powell says he sees No Stag and No Flation. Resign Now so I can see No Jerome. 😂

@timothyadams9612 Ай бұрын

I will say the same thing I said about New York. It's not a shame to live in California, but it is a shame to stay there. If you see the axe falling get out of the way

@Vanasse1 Ай бұрын

Not that easy for a lot of people though. They have jobs, family members, maybe sick elderly family members who need them. I live in a crappy blue state and I’d love to just leave it…. But I can’t right now because of certain obligations. Not easy to just pack up and move to another state for many people.

@peteybrian Ай бұрын

I've lived in several other states and countries - and California is much, much better.

@timothyadams9612 Ай бұрын

@@peteybrian Yeah that's why they're all moving out

@peteybrian Ай бұрын

@@timothyadams9612 Yeah, that phenomenon is over now. As of 2023, California has actually grown in population. Agreed in 2020, 2021, 2022 California lost population for lots of reasons - but I blame pandemic shutdowns and work from home folks who took it out of state for a cheaper living and higher quality of life (while using California wages).

@DePalma. Ай бұрын

@@peteybrianthe increase in inhabitants is due to the 1000’s of people coming across the southern border & staying for a free paycheck.

@HollyAlvarez-tt7bq Ай бұрын

Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.Thanks to Laura Ferguson the lady you recommended me to...

@FloraLester-ot9jm Ай бұрын

I'll advise you to work with a financial advisor....Building a good investment portfolio is more complex so I would recommend you seek

@MerylConnor Ай бұрын

I always wanted to trade for a long time but the volatility price has been confusing.

@romeojasper Ай бұрын

Wow. You know Laura Ferguson too? I thought I'm the only one she has helped work through the fears and falls of the forest. Her training last week was amazing and the strategy she applied were mind blown

@MichaelWill-tc6oz Ай бұрын

I'm surprised you also trade with Laura Ferguson, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.

@DaveRondon Ай бұрын

Is there anywhere I can get across this woman for a startup???

@kbarnes6886 Ай бұрын

Checkhold’s are part of the regulations for banking. They’ve been in effect for over 20 years. Except now, banks are getting stricter with the checkhold probably because of fraud.

@kathrynj.hernandez8425 Ай бұрын

or because AI is doing the analysis

@waynebeath8154 Ай бұрын

People are their own worst enemy. Two sayings I like. 1. You can't protect stupid people from themselves. 2. We have seen the enemy and the enemy is us.

@NoDaysOff-oz2zl Ай бұрын

It's not me, it's every schmuck who lives their lives like there's no tomorrow

@user-xv3gd6qr6m Ай бұрын

@@NoDaysOff-oz2zl😂😂😂

@waynehendrix4806 Ай бұрын

@@NoDaysOff-oz2zl It appears that nearly all humans can no longer assess risk in their lives.

@ericmcabee5823 Ай бұрын

"Life is hard. It's harder if you're stupid." John Wayne

@christinearthurs1669 Ай бұрын

Yourself and the Ninja stepped up my financial security game starting a couple years ago, Thank you for your diligence!

@ronnaalthoff9175 Ай бұрын

I love the Red Lobster Restaurant. My goodness people are snobby. What’s so bad about Red Lobster? I’ve never had a bad experience there….

@Pleasemison Ай бұрын

Well you're obviously not rich. Plus they don't pay that much.

@ronnaalthoff9175 Ай бұрын

@@Pleasemison huh? That comment makes no sense

@mattkarres3321 22 күн бұрын

I love Red Lobster!

@TKsGarage Ай бұрын

Beautiful Gardens.

@IAllegedly Ай бұрын

Fun place to film at

@colleen9511 Ай бұрын

Loved the walk! Thanks.

@markcurranjr7366 Ай бұрын

Don't worry, it's not that bad being homeless. You'll get used to it.

@jamesclapp6940 Ай бұрын

I HAVE NOT WATCHED the national felon league(nfl) since the failure to stand period. and nutflex is a waste zone!

@johnpick8336 Ай бұрын

BOA is the worst bank to cash checks. Capital One used to take a few days to process payments, now Capital One processes payments within hours. Thanks Dan.

@debbiecreter2005 Ай бұрын

I noticed the same thing about Cap One and Bank of America with our bank withdrawal payments. Probably reflective of the defaults, so they grab it as fast as they can.

@josephpurdy8390 Ай бұрын

I went to cash a check issued from a BoA account. BoA wouldn't let me cash it at one of their bank branches. I would have to open a BoA account, or go to another bank to cash it.

@debbiecreter2005 Ай бұрын

@@josephpurdy8390 That’s insane!

@stardanya2114 Ай бұрын

Stunning botanical gardens

@Aries61 Ай бұрын

Good stuff Dan! 👍

@Particle_Ghost Ай бұрын

What Dan doesn't tell you is the 1 out of 5 people that aren't doomed are probably already deceased. 😊

@laetitiazichy-vanlidth5882 Ай бұрын

Aaargh

@user-vp9tx6sh2f Ай бұрын

Thanks Dan

@kjnightbird121 Ай бұрын

It's official - California is now the most EXPENSIVE STATE FOR PERSONAL TRANSPORTATION COSTS. That includes, DMV, Insurance, Vehicle Repairs, Gas Tax & probably more. SMH.😑

@user-ys4dn2zz6x Ай бұрын

You have to stop supporting wars and we gonna have that money

@RocknRonni Ай бұрын

And who supports wars the Democrats so stop voting for what is destroying our country

@jimcrawford3185 Ай бұрын

"We the ppl here don t want a war"

@Media-gh9oj Ай бұрын

Governor Hair Gel!!! Ha Ha I laughed out loud at 5AM! I have been saying the same thing for months! Go Dan!

@cherylprindle5421 Ай бұрын

California, so beautiful. I lived there for ten years in the 90’s. I loved it. The flora was just exquisite.

@TKsGarage Ай бұрын

What's worse is they get maxed on credit cards, then if they own a home they take a heloc and put their homes at risk

@azplanner4546 Ай бұрын

I have been buying brand new quart sized jars for $1 /pc from yard sales,, moving sales,, etc.. We have been paying extra into our escrow account because we renew in June and it's going up by $400. We don't want a negative balance at the end of the year. We have also been paying extra on the principal. Almost done.

@Astar9988 Ай бұрын

The garden backdrop is inspiring. Artichokes 😀

@roosatlgany7622 Ай бұрын

I don't know why, but I have a feeling Mike will be knocked through the ropes. I'll be routing for him because Mike's the man.

@FAAMAN841 Ай бұрын

Great video. Great content. Thanks, Dan.

@user-vw8nh4dw2o Ай бұрын

Social programs, Dan.. people need find ways to be more sustainable 'on their own' The Gov. should not be an intricate 'baby sitter'

@enriquelaroche5370 Ай бұрын

Despite California's infinite taxes they are now in a huge deficit and are forced by law to cut those liberal benefits . Factoid California has a 14% tax on Millionaires. ($150,000) / year. A millionaire can move to Nevada buy a house for 1/3rd the California price and also rent a condo on a California Beach for $5000 / month and save $90,000 on taxes ..

@DavidKing-om2fn Ай бұрын

Good morning Dan!

@Horatio1886build Ай бұрын

That Arby’s thing WOW! Crazy

@dwj9099 Ай бұрын

He keeps on complaining about California yet he still lives in the state. Must not be that bad then, huh.

@nathanielcarreon5634 Ай бұрын

Not surprised when people are financial illiterates and no self control

@user-wy6tq3fq8t Ай бұрын

GOOD TOPIC CHECK PROCESSORS YOUR VIEW POINT ON USING USPS MONEY ORDERS WHICH IS A CASH TRANSACTION

@beammm1 Ай бұрын

Great episode. Thanh you

@renegademind1833 Ай бұрын

Greetings, from Canada, Dan

@robertjones2282 Ай бұрын

Have a Fantastic Weekend Dan 🍻

@jonkore2024 Ай бұрын

Nothing like 20 years of quantitative easing money... Now it's actually more normal 5% on savings

@tommorningstar6373 Ай бұрын

Lt Biden says: Nothing to see here.... Move along.... Nothing to see here... These guys must think we have the brain cells of a cantaloupe.

@Media-gh9oj Ай бұрын

Bwa ha ha! That's great!

@rbmh Ай бұрын

Excellent true video, Well explained and very accurate.

@MarkBush-en5cz 24 күн бұрын

A credit card is to conveniently pay your bills when they are due and then pay it all off (Statement Balance) every month. Never, never, NEVER carry a balance from one month to the next month.

@theraptureisnearbelieveinj448 Ай бұрын

O’ Charley’s restaurant chain in TN & AL is going out too. In my area, they’re auctioning off all the restaurant equipment at the end of May.

@amariedavidson1 Ай бұрын

I love red lobster cheddar biscuits. I like their food. Better than my cooking 😂

@rickagulia3767 Ай бұрын

Dan they want to add another tax to gasoline in California. Another 50 cents!!

@IP0Monsturd Ай бұрын

Newsome has to eat too.

@johnjaco5544 Ай бұрын

Plus milage.

@brettloo7588 Ай бұрын

Scam'n Gavin is doing his worst to try to destroy CA economy

@mickaelwilliams6129 Ай бұрын

WE BROKE....PAPER DOLLAR HAS NO VALUE.

@IP0Monsturd Ай бұрын

Give me all your paper dollars and I will throw them away for you. You’re welcome.

@johnmusser8925 Ай бұрын

Gold up over 2400..silver over 30

@RichardSchlaud Ай бұрын

lol “governor hair gel”!

@acoustic61 Ай бұрын

I've been bracing for the crash for some time now and I'm probably not fully prepared for what will happen when it does.

@tmm226 Ай бұрын

Yes you will, because you are aware..

@Jackasama Ай бұрын

love governor hair gel lol 👍

@LA70S Ай бұрын

No, I don't believe all the banks will close down. However, marginal banks-those heavily into commercial real estate, will be the ones in difficulty.

@darinthesecularspiritualist Ай бұрын

9 out of 10 and that is being conservative. One percent have precious metals.

@Horatio1886build Ай бұрын

Yes the last two years has seen some deficiencies in or cracks in the banking system. Fractional banking system, have a massive check “ truncating” and clearing system behind them. Plus fragile liquidity under “ stress” . It is the nature of the beast.

@user-uh7yl5cy6b Ай бұрын

Unless you are RICH, everyone is financially DOOMED!. As for me, I'd prefer leaving this earth owing everyone and their dog. My financial downfall is this government's FAULT!

@jimhoffmann Ай бұрын

One of your best shows, Dan!

@taiganwind7787 Ай бұрын

I want to live in that garden! At this point everyone must realize that getting your running costs down is imperative. Sell your assets if they have a re-occurant cost.

@Martin-og9zg Ай бұрын

Despite paying my cc off twice a month and having no late fees or overdrafts, etc, my credit score is dropping.... I'm hoping to buy a house but this is killing me.... Interest rates are insane, and now I'm looking at even higher rates due to a lower credit score.

@andylunchboxx3968 Ай бұрын

The same people that post videos on facebook of these great vacations that they took their families on are going to be the people that will be asking to borrow $ to pay their oversized house payment. I don’t feel bad for them .

@philipjones9458 Ай бұрын

Lots of talk today on news channels in U.K regarding the amount of banks closing along with ATM's. Also a lot of outlets particularly in hospitality refusing cash. Regards from Chester U.K.

@lovly2cu725 Ай бұрын

Yup been going on 2+ years

@usps7658 Ай бұрын

WEF had a meeting last week that now is the time to switch to CBDC.

@carolynpeisert218 Ай бұрын

No...gas on the front range in Colorado is 3.37 to 3.63 per gallon.

@Eustakia772 Ай бұрын

People! see something ! Say something ! This is our real news for real Thank You Dan

@freefruitsandvegies3099 Ай бұрын

I would say 4 out of 5 are doomed. Most just do not know it yet.

@user-rb2qw5in7y Ай бұрын

what a lovely garden , the same here in the UK , a lot of small businesses from the " lockdowns" our Gov forced on us , they knew what they were doing , so sad , a lot of UK people are leaving , i'm planning to leave , take care everyone xxxxxxxx

@melissap9808 Ай бұрын

Dan, you really did have a good one for us today 👍

@howardbarrett9131 Ай бұрын

We are doomed.

@spaceindian3769 Ай бұрын

Since 1913

@stevenrobinson7747 Ай бұрын

Finally, someone got it right ✅️

@rentslave Ай бұрын

I don't even have a TV yet I never miss a game. Netflix and the NFL must believe that people's internet access is limited to their little Dumphones.

@Pleasemison Ай бұрын

Lol

@fee1776 Ай бұрын

50 percent of Americans own assets and will benifit from inflation. 50 percent do not, and they are struggling to save and keep up with inflation.

@user-xi5to6to1x Ай бұрын

17%

@user-rk8zc7xn6k Ай бұрын

Do take the time to Pray to God .

@AcidTechnoMan5000 Ай бұрын

Why? You mean Jesus, the selective savior? Save some, but not others.

@user-uf3pe5fk8y Ай бұрын

2% will never happen for at least 10;years

@user-uf3pe5fk8y Ай бұрын

The clearing houses are going DOWN ‼️‼️‼️‼️‼️‼️‼️ QFS is here

@user-uf3pe5fk8y Ай бұрын

www.quantum.gov/

@DeliverMeFromEvil- Ай бұрын

Amen 🎉❤

@amraam5690 Ай бұрын

The swamp is draining, not fast enough, but still draining!

@user-qy9tf2im7f Ай бұрын

Wrong it is getting deeper and deeper?

@whowantstoknow8492 Ай бұрын

East coast where i live is non-stop building of commercial buildings, apartments and homes and people buying new cars everyday so there's that?

@DawnSClark- Ай бұрын

Pass on watching the National Fellons League aka No FUN League. I have paint drying to watch! Thank you for the beautiful scenery!

@patrickoguinn4553 Ай бұрын

Don’t worry, be happy now. 2:08

@timhendrie9479 Ай бұрын

Banks are broke. Have to borrow money overnight.

@frankgomes186 Ай бұрын

CHEQUE IS THE CORRECT SPELLING FOR A MONETARY CHEQUE TRANSACTION.❤