Same.

Yep, being poor has it's advantages, when things go to total crap, everyone else is panicking, we just roll with it.

"When you ain't go nothin' you ain't got nothin' to lose" - Bob Dylan

@@mitchtupelo76 Yep, exactly. Social Security will announce COLA's in Oct. I'll be surprised if we see a 3% COLA knowing full well inflation is ALOT HIGHER. But we make it each month

@@mitchtupelo76 Yep, Social Security will announce COLA's in Oct. I'll be surprised if we see a three percent COLA knowing full well inflation is ALOT HIGHER. We just keep on rolling, paying our bills each month

WEF agenda take the wealth,rights, freedoms and quality of life away from the people so you only have two classes, the upper class and the lower class. And every one making the same income as designed by the state.

Nobody seems to notice , nobody seems to care

@@steve5976 I know, the people just know that there paychecks are shrinking but not realising the whole house of cards is going to come tumbling down in the middle of the night, now thats going to be like getting shock therapy to your system. Think of the stress that these people will suffer, marriages will fail, people will lose everything they once had, not good.

Good,i like it☝️👍

@@AbuHasan-nw1jj why would you like it, are you one that wants the American economy to crash ?

Good answer!!

Nice one.

I would have laughed at them for asking what my rent was.

“…nice cars though!” 😂

If you're paying rent instead of buying...you're already behind the eight ball!

Now it time to buy monetary assets to protect you from a hard collapse like gold and silver

Let go of the credit card and bank account then.

We have been out of debt now for 8 years pensioners . Never been so free. Used our equity to purchase off grid remote property . Worked 50 pounds off great health returned . No major health. Issues . I feel like the system must of been poisoning me. BC Canada inland rain forest .

Great job!

They’re going after all the small incomers and they are also arming them which gives them 87,000 UN soldiers on the ground

All 3 letter agents they never worked for us. But they work with our unlawfully taxed dollars. So, what makes you think. They will work for us this time?

80 billion to IRS to get those ‘cheating’ taxpayers. Well so for it has netted 5 million from the ‘cheaters’ this is a 1/160 th return. Joe Biden you are an idiot! Please go back to your basement.

Last year the most audited income group was below the 75k range. Again lies and more lies. When will the American people have enough. Unfortunately it will manifest with people getting killed by the lower income groups that are already massively desperate and cannot eat or shelter. They will attack the next level up. The rich will stay safe for a while until the masses of young men decide that the suits in DC will not leave without force.

Alphabet agencies are foreign troops! Believe it, receive it & plan accordingly! These people who sell their souls to these agencies are not your fellow countrymen, they are foreign occupiers!

Small chicken coop in a back yard would not hurt as well 😊

Till they are not

@@gfish9636 Titanic, just keep dancing.

Make sure the music keeps playing … “one good thing about music when it hits you feel no pain” Bob Marley

@@LookingupinJA comfortably numb

seriously! I think I'm in love and I think I'm mesmerized by his mind, knowledge and wisdom

sadly...not eating out, vacations , put a lot of small business owners out of business. but I agree. spend less...save more. 5.10% fdic insured savings is my nest egg. if fdic goes belly up...look for me under an overpass

​@@garyssimoThe FDIC only has enough money to maybe back one major bank failure. Everyone else will be left out in the cold, because their money will no longer be insured.

@@garyssimo I've been watching for less people to eat out because restaurants as well as drive-thru prices has skyrocketed, but the lines are still long. I don't get how so many people can still afford to eat out!! Maybe they're just using credit cards? I don't know.

Yep! We are building a house cash after cashing out our investments. We would rather have a paid for house than stocks that go down 50%. Paying down debt, getting some food production going.

@@garyssimo NM they neglect to tell people it can take A LONG TIME to get your funds if you are FDIC Insured. They don't have the cash to pay back millions of people when banks start shuttering more and more.

My dad aways said "if you can't afford it you don't need it!"

Either you or your grandmom dont know how to use words.

@@johnmeehan7884 LOL🙂 spelling, no punctuation and run on sentance.

So good for you. We did the same a few years ago. Will NEVER go down that rat hole again. It is financial slavery.

Problem is healthcare will take a big chunk out of your month fixed income if you don’t have great balanced investments. Also, the government can still tax your property. With trillions in debt and a trillion in interest payments every 90 days, they WILl come for our money one way or another. To me, if we have a paid off roof over out head and paid off cars, then we can a least live and forage for food if we are able and that is where having great adult kids come in handy. Good luck American boomer. I’m also the last of the boomers and have dodged many bullets to get to some kind of retirement. Just happy to be alive after all this covid BS, lab virus, and experimental mrna. Many of us are dying prematurely in my view.

THOUGHTS OF A FOOL, YOU WILL GET TAXED INTO POVERTY AND HOME STOLEN BY THE BANKS AND YOU WILL DO NOTHING ABOUT IT. SERF.

I paid off my house 10 yrs ago and been saving for retirement. I have no debt. I bring home only what I need for living expenses. I hate paying government taxes at the end of the year bc I have no dependent or mortgage to claim except property tax . Feel like I can’t save anymore because of inflation

User, that’s terrible. What’s your degree in? I blame the Universities for this. Degrees should only be offered in areas where they have value. Medicine, engineering, accounting, STEM courses another words.

The University does not force you to choose your degree. If you want to be a writer and expect a 2M a year income that's on you lol

@@MayaChadalavada-nz7qg we are forced and manipulated into making these choices at 16 years old. We were told our entire lives that if we went to college we would be safe. We can be anything we wanna be if we just go to college. My generation was lied to and everyone is blaming us.

​@@Eve0127 or you're just dumb, didn't bother to research the degrees or market you chose, and now you blame others, because doing research was too difficult for you. Plenty of people went to college and made their lives better. They were smart. You are not.

Currency can't be destroyed and culture has nothing to do with currency.

@@keyisersoze crazy how you're so factually incorrect.

@@prolific1518 Money is law. It is supposed to be injected into the mode of production and never speculated on stocks, real estate, commodities, or other currencies. Culture is a representation, an artificial process. The only thing that matters in the cultural process is the strength of our tribal passion, which goes back to the first humans, 100 thousand years ago. Money will go away soon, but tribalism will never go away.

@keyisersoze - You babble too much.

Both are diluted beyond repair AND They cheat in elections.

People are going to get screwed either way. Even if prices crash interest rates are still high. Rents will remain high. No matter what happens, you're gonna pay more.

Worst case senerio is you have your house paid off but can’t afford to pay the high property taxes to the government. Will the government come and take your house?

What time most resembles the time we are currently in? The 70s and 80s. What happened to real estate in high inflation times? It skyrocketed.

@@Mark-pb8kj theres a max on how much you can raise rent per year. mortgage rates can go alot higher. renting is still safer

Fools and their money are soon parted.

Wow, they are so slow, they should have been doing it 5 years ago. Some will be in for shock, it's not all there to Germany has been asking for their gold for 35 years or more

Better late than never.

No, it’s coordinated to crash the dollar so they can implement CBDC’s.

​@@foilrider2000Some of the countries still have alot of goal that is untapped.

It gets worse when you realize the bugs test and vax all patented early 1990s.

I am not working until i drop. Max 60 years old.

@@bpb5541 I do hear you. I will probably be out before you. When I said "we" I was referring to our generation in general, which if you look up stats on Gen X is largely true

@@bpb5541 You’ll be working way past 6O just to keep food on the table when the gubment goes bankrupt.

I'm 56....Generation X.....There are other options....knowledge is power......

@@OilTradingYeah, 54. Acquired acre of raw land. Now living semi off grid on it in my Rv. Rent & mortgage free. Saw this coming years back. Prepped & invested accordingly.

😳😳😳

Same happened to me

I don't get it. Fake life?

Come down to LA to keep up with the Kardashians.

They are rich if they're Vaca at the shore lol.

I’ll be there !!!!! No rich here ,,,

To your reply’s, = SCAMMING, FRAUD, Death inheritances that have nice wealth transfer to people besides the main points that Todd pointing out in this video. And yea, entire NJ state would turn into L.A. IF white collar jobs get replaced with people over sea’s and A.I. when it’s smart enough . Where you think these wealthy people gonna go if NJ population craps out. = Bringing our problems to place near you . !

agree with you. AI is way overhyped right now

They need to wake the hell up fest. BANK MORTGAGE BUSINESS IS AN UNCONSCIONABLE SCAM -THE PROCESS STEP BY STEP 1. Borrower signs the bank’s Loan Contract and Mortgage. 2. Borrower’s signature transforms the Loan Contract into a Financial Instrument worth the value of the agreed Loan amount. 3. Bank Fails to disclose to borrower that the borrower created an asset. 4. Loan Contract (Financial Instrument) asset deposited with the bank by borrower. 5. Financial Instrument remains property of borrower since the borrower created it. 6. Bank Fails to disclose the bank’s liability to the borrower for the value of the asset. 7. Bank fails to give borrower a receipt for deposit of the borrower’s asset. 8. New money credit is created on the bank books, credited against the borrower’s financial instrument. 9. Bank fails to disclose to the borrower that the borrower’s signature created new money that is claimed by the bank as a Loan to the borrower. 10. Loan amount credited to an account for borrower’s use. 11. Bank deceives borrower by calling credit a “Loan” when it is an exchange for the deposited asset. 12. Bank deceives public at large by calling this process Mortgage Lending, Loan and similar. 13. Bank deceives borrower by charging Interest and fees when there is no value provided to the borrower by the bank. 14. Bank provides none of its own money so the bank has no consideration in the transaction and so no true contract exists. 15. Bank deceives borrower that the borrower’s self-created credit is a “Loan” from the bank, thus there is no full disclosure so no true contract exists. Borrower is the true creditor in the transaction. Borrower created the money. Bank provided no value. 16. Bank deceives borrower that borrower is Debtor not Creditor 17. Bank Hides its Liability by off balance-sheet accounting and only shows its Debtor ledger in order to deceive the borrower and the Court. 18. Bank demands borrower’s payments without just cause. Deception-theft- fraud. 19. Bank sells borrower’s Financial Instrument to a third party for profit. 20. Sale of the Financial Instrument confirms it has intrinsic value as an asset, yet that value is not credited to the borrower as creator and depositor of the Instrument. 21. Bank hides truth from the borrower, not admitting theft, nor sharing proceeds of the sale of the borrower’s Financial Instrument with the borrower. 21. The borrower’s Financial Instrument is converted into a security through a trust or similar arrangement in order to defeat restrictions on transactions of Loan Contracts. 22. The Security including the Loan Contract is sold to investors, despite the fact that such Securitization is Illegal. 23. Bank is not the Holder in Due Course of the Loan Contract .Only the Holder in Due Course can claim on the Loan Contract. 24. Bank deceives the borrower that the bank is Holder in Due Course of the Loan. Thanks Andi Ryan

I'm so sorry. The struggle is so hard. What part of the country are you in?

That sort of reaction is hardly new. It has been an ongoing issue in many areas. The leaders in your area can contact those in other areas where this is happening and look at the solutions that appear to be most effective. Historically activity of this sort is expected to increase as times get tougher.

City name?

@@dougdownunder5622 Most anyone can search the topic on the internet and realize this issue is not restricted to just one city or area.

Wow, that's only been stated for the last hundred years.

This time you can feel it in the air, years of wage suppression, living on credit has sunk most economies and business greed driven by annual bonuses has pushed workers / consumers over the edge. Even Warren Buffet pulled out of stocks and cashed in.

theres a guy running for president I think can end some of our craziness.

@@garyssimo The criminal rapist?

@@garyssimo it’s gonna be too late. He was in there and wasn’t much better at finance matters

@@garyssimo He was horrendous, no one can work with him - hes total chaos and a 🤡

Nor the one that is gonna follow. Folks need to be very careful what they wish for.

Check with your county assessor's office for senior exemption and fill out the paperwork. Good luck.

Where do you live?

It's good to have a wee rant : )) one day at a time, You are not the only one, its also shit in Scotland. look after Your family and friends, love from Scotland. Peace and Neutrality.

You probably worked 2 stay at home jobs while people couldn't even get 1. Don't care about your feelings. Cancel this bs student debt.

@@prolific1518canceling the debt means the tax payers pay for it. Why should we all be responsible for others poor choices? I personally don’t want any of my tax dollars to go towards paying for someone’s gender studies degree.

@@TheDankrista I don't want to pay for the US military to act as a terrorist group. I don't want to subsidize the richs' next yacht when they don't pay taxes. I don't want to subsidize foreigners coming to take jobs because their countries pay for their education.

pay no attention to jerks like prolific 1518. I tip my hat to you. My three kids all paid their own student debts... working hard while others went wild on spring break, and bought new iPhones on credit cards.

@@TheDankrista and I don't want to subsidize KZfaq (alphabet pays a lower tax rate than me) while they censor my comments. But guess what? It happens. I'm not typing it out again.

And I will be buying what you do not buy lol

I like small homes with no HOA

Same I got my 20% down for the current prices even 40% for others and i just refused to believe any home that is not 4 bedroom and pool and some form of golden statue is worth over a million in canada here where the average trailer home is over 600k

Same.

It could happen. But I think this might be a long term issue

Similar story here.

A good example is Rubino's son and Travis🤣

grow our own grapes and weed.... 2 problems solved?

maybe that's what you did with your education

Bottle service.

​@@vallmak clearly that's what you did with your education considering your level of illiteracy.

They'll be known as the the ones to blame, the fall guys or better known as the Pazzi.

That’s OK big daddy. Trump said there will be the biggest deportation that the world has ever seen Trump 2024.

Wow! No mention of 8 trillion debt created by trump giving tax cuts to big corp. and multi millionaires!

You missed the Carter administration. That disaster was the beginning of where we are now. It was horrible at the time. Who would have thought that they sowed the seeds of our destruction then.

LYFT.....currently $17.55....Projection $80 within one year possible much sooner UBER just had a run from $20 and they are in same sector....LYFT IPO was $85....

As a millennial trying to buy a home to raise my family, comments like yours are really depressing. It's location based, but you are very wrong for most areas around a large city. Anything under 220k in Houston needs burgler bars with a very unsafe ISD. 250k with today's interest rates, taxes, and insurance rates require well over 6 figures of income AND living like you are dead broke. Do that and you can may be get a starter home and still afford bills and saving for retirement.

that's the other way around dude. You had the easy life with cheaper college, less govt interference in money making and taxation and much higher wage per hour than today's generation.

@@OGfancy420 Here’s a positive for you. The mtg interest rates in the early 1980s peaked around 18%-19%. Imagine those rates today.

I think it’s both in affordability and lifestyle creep. You can look at statistics of “volume” of things people own and have in their homes increase every generation thanks to corporate advertising and marketing brainwashing which I had to deprogram from as xennial from my early year. Unfortunately you can look at the crazes like people paying $500 for and pink Stanley water cup to see the programming is still working

I’ve always been one that was never worried about having stuff and right now. I’m on vacation in Belize and I realize how blessed we are in America.

Hopefully they will be able to open in this depression .. it might be a different version .. more modernized…

If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.

the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.

@@Susanhartman.Mind if I ask you to recommend this particular coach you using their service?

‘Gertrude Margaret Quinto’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

Yes and if you receive a donation from a company that company that donated should not be allowed to get a bailout.. they tried to avoid taxes just to now need help.

It also boils to favor for favor with congress

Problem with that...corporations don't vote!

And yes, I knew the cop would let me off if I said I forgot to put them on. They are right here.

You can't eat Gold

@@lauramartin9474 ? Good point 😂 no you can’t eat gold not good for your lower colon or if you want to do air travel screening.We shouldn’t eat currency either but we can buy food with gold.

@@stephenbrown6041The precious metals markets prices are manipulated. Governments may confiscate precious metals and restrict any financial transactions involving precious metals

Gold is a psyop. Things will be so crazy after SHTF, no one will be bartering or much less giving away necessities for gold.

Wouldn’t be a problem if insurance didn’t double in 3 years

🤷‍♂️😂 my car and insurance were 15% of my income when I purchased it. Today it’s almost 30. That’s bonkers dude. The cars price didn’t change…

@@shanejones578 insurance just distributes liability, measured in dollars to replace. If too many bailouts need to occur liquidity dries up systemically.

That is not even close to the actual reason for the Economic issues we are facing, don't try to pivot the blame away from the Fed. Runaway inflation due to unchecked Gov spending has little to do with the individuals who take on too much debt. It has more to due with the 30 Trillion of debt the Federal Gov is in and the continued printing of money. Anytime the Federal Government prints more USD, even when it was for Covid relief, the only winners are the big corporations who have all of the money going their way in the end anyways. We The People who are mostly Consumers pay the costs, we pay the cost with increased prices everywhere in life while the corporations basically feel no change. They still get their money in the end.

@@JA-wb5my this self testimonial is humble, and perhaps should have clarified for it, that the jeep wasn't a subtraction but a relief from his life. The stress of a nicer car is all encompassing stressful *because* of the finnance you know in your heart behind it. He was always more relaxed and still loved his car adequately when it was 'whining his means". Thats the motivation behind that. Yet since some of ya'll are simps, will only understand is 7 figures and when having the 7 figure lifestyle aint apart of it -- you disregard and instead take on 'manifesting' it another way. Live in reality, not delusion.

Schools started failing when they allowed public sector unions such as the Teachers Union. Unions usually were/are represented and led by lefty socialists.

What?! The boomers have had it better than any other generation. Please save excuses. If you’re a boomer without several properties and millions in the bank that’s bc you were lazy. I’m still working to pay boomer SSI and entitlements we will NEVER see. While making the same wages yall did with half the education we have 30 years ago. Poor boomer?! lol sorry nope

Agreed. Some Big Government progressive presidents like Woodrow Wilson, FDR, and LBJ weren’t Boomers.

is this a joke? are you sure you know who the silent generation was?

@@lukewarme9121 they're just leaders, not the population at large

@@brn2863 They’re just leaders?? Didn’t the population vote for them or were the elections stolen?

Lucky you, I’d buy a lot of tech stocks and Dividend portfolios with that.

Invest in a S&P 500. Long term it’s returns are stable and plentiful. Also allows diversity with just 1 account. It’s comprised of the best performing stocks.

Wonder what the CEO's compensation was for each bank?

All that's great... but we still need teachers, doctors, nurses, lawyers, etc. Don't discount the value of education!

As if a house is a good investment. Americans refuse to envision an alternative lifestyle. The old buy a house and fill it up with junk is an old blueprint. The economic boom is over. They refuse to accept that the current economic system is outdated. It’s run its course. As if jobs are coming back to America. They are not. Thirty years is a long time to pay for a house. Our country most likely will not be standing in thirty years.

I agree. This whole system is rigged.

U.S. population is just a cash cow for the aholes running this aging empire

Absolutely 💯

you know all the cards and the way its going to go down.

The ruling politicians in my state are discussing legalizing assisted suicide. Crazy world in America today.

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

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

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

I'm new at this, please how can I reach her?

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

My brother had a go-between co help get his credit cards paid off. He said they work for the lenders not their customers.

Jason fuller, maybe you could review the debt you owed the nasty lenders you gave the finger too and discount the amount of interest charges added and then pay the principal amount. A restitution so to speak. Then you can look in the mirror and feel better about yourself.

@@johndrago8370 Apparently you did not comprehend my comment. I feel fine. No regrets filing Bankruptcy during the GFC. The banks and credit card companies were all criminal making a mint off of people. I am untroubled when I sleep, my boy.

I went from 1800 sq ft to 878. cant yell at a cat without hair in my mouth. its that cramped. sleep with over 4 cats stay warm! then gobroke on cat food. vet bills

@@garyssimo Well hell Gary, I guess my best financial advice is wait for those 2018 prices again, reduce that footage to 600 and get rid of the cats.

This is untenable

@@calebomega3824 Nah, we can, but we won’t, until we are forced to by a lowered standard of living which is inevitable.

The issue is you shouldn’t have to do that. If you were comfy with double square footage then and you reduce it now because lack of funds and have to actually eat less to get by easier, that is a major major issue.

Yea and what follows that is a Recession...

In the 70's was 16%

@@fee_ic4981 yes because everyone is maxed out on things they can’t afford, with $$ they don’t have, to impress people they dont know

@@user-vw3dw6or9t this not the 70s tho, homes were like 30k get fr what are u saying

5% during this everything bubble is already going to bring GFC2

Good luck to them after bankruptcy. They check credit for housing/rentals and even jobs.

That is so sad

here is the answer, banks will be ordered to close on a weekend, bale-ins will take what ever is in your accounts, under the dood-frank reform act and you will not get it back, dollar will go to zero value after they pay off the national debt, then they go to a new digital currency which won't be any better than the old fiat currency, just numbers on a screen that when the power goes off you don't get access to your funds, people that have gold and silver will be fine, they will actually make money when metals get revalued. Its called the great reset brought to you by the WEF, now you know.

yeah 90% of us probably won't here 😅

The government didn’t force rich politicians to take out millions in PPP loans and they got that forgiven. Its a double standard.