CNBC is a credible source oh yeah, I watched them 10 years straight. Haven't turned them on in 10 years now doing just fine..

America been living off a credit system since Nixon ended the Vietnam War before that embargo before thst off the gold standard when they default to England They got pull into European politics during the war unavoidable. Otherwise, German would be the official language. Yet a second Generation German held office and looks like again.german scientist ran masa 1945 to 1969 Rocket technology and others came from them The world sold into America the last 60 by giving credit It time the Anerican people realized they have always been broke Europe went reconstruction during the wars and American Industry was use to build back, and they prosper during that time because they could sell to the world This bit of wealth that did exist was the privilege Anglo class that by 1970 75 % was Middleclass Therefore, this person, in terms of prosperity his parents were farmers or fron the dust Bowel r depression. He was educated or a bit of wealth that fueled him Now his children 3 generation of this generation wealth or opportunities And they see opportunities and wealth dwindle away The question now is the life of his children's grandchildren life be like Most likely, working class because no generations' wealth will be passed down Because all they had was a job

As I listen to the gentleman speak regarding the economy, the thing that he fails to state is that all of the following events have been planned for years by the powers that be. We are now witnessing the greatest transformation of wealth in human history. This system was unsustainable from the beginning of the formation of the Fed. The American people gave away their sovereignty when they allow a private bank the power to create money out of thin air and charge the people interest of fiat money. The markets have been overvalued, and there hasn't been price discovery in the markets for many years. Banks are failing companies are laying off, and we can't see the handwriting on the wall. Folks the signs are all there, and history is about to repeat itself on a scale never seen before in our lifetime. There will be social unrest all across this country soon because people will do whatever it takes to survive.

Average car payments are not a good measure as it is skewed towards higher-priced cars, which implies higher-income individuals are buying these higher-priced vehicles. One should use the median car payment.

Didn’t the World Economic Forum say you will “own nothing and be happy” by 2030. The deliberate drive to destroy any personal wealth is the plan.

It's all Biden's fault, for the US, at least. Thank 'Bidenomics' for this catastrophic mess.

Thank you

Remember when a Jeep wrangler was cheap fun? Pepperidge Farm remembers!

Bought a 2003 Lincoln Town car in excellent condition with 90,000 miles on it for $7500 we own it outright, it will last long after we are gone. Has more bells and whistles than I can handle.

Ben, Would like to buy silver from your son, what is his company’s name?

I would love to buy a car, but I haven't been able to afford it or insurance or gas for the last 3 years, so there's just no way unless I move back in with my parents.

Invest that colledge payment in 10 yrs you will be able to retire, Higher Education is not for the masses!

House payment = 0, F##k the Joneses.

Always the RESULT of TOP-DOWN planning!

Fake birth certificate destroyed America. It's worst than corona virus.

I have decided to no longer buy new vehicles because of cost and several other factors. As a result I have saved a small fortune and avoided debt. I no longer go to dealerships for second hand cars as you will be ripped off. Before you hit the private market, which is huge, you must do your homework. KZfaq car reviews are the key to acquire the knowledge before you buy. Watch every review on the car you have chosen then do the same with the other competitors as you must, repeat must, make comparisons. Ask your friends and relatives only if they know cars. Ask car mechanics what to avoid as they know the problem cars. Once you have done these basic things, start your search on the internet for your carefully considered car. You will only do well if you have done your homework and willing to search far and wide. For those that want to be environmentally conscious, the greenest vehicle you can buy is not an electric car, it is a second hand car, as it already exists, whereas a new vehicle needs lots of CO2 to be manufactured.

Are used to always have a car payment. For many years I paid up to 600 per month for the last eight years. I have not had a car payment. I bought my car cash take care of it meticulously and will drive it as long as possible, buying a new car is one of the worst investments anyone can make, depreciate the minute you leave the lot.

Glad I found your channel. Thank you for this video. My neighbor owned a repo business and was super busy since 2020. He was repossessing so many vehicles he needed to hire additional people. The demands of his increased work load affected his health. He neglected his health because he was working so much and had a stroke at the age of 52. He passed away a month later and left behind a wife and 4 daughters.

Perpetuating this coming crisis is the extreme lack of public transportation infrastructure investments, in the US. Which was planned to make America a car culture. Where I live (Montreal), we have a very good public transportation system. (Metro subway, bus, REM) And with real-time scheduling information. (Being a senior citizen, it's free!) I don't drive a car anymore!

Bidenomics

It is payback time, for all the years, they have been cheating the world.😅

Thank you!

The information in your report is spot on and many credited investors are moving funds into short bonds and buying selected assets.

China is keeping a control on the crazy explosion in prices. They are setting up a system that questions corporate greed.

My wife was looking at one of those fancy cups and it was $30! $30 so she could carry water around! The sky is definitely falling.

Consumers are getting squeezed because of this reason beginning with Government and Businesses of all sorts and they both want consumers to pay for their losses and inflation people are noticing you can’t keep passing the buck in this case the cost down to the consumers they want to keep milking others before they touch was there’s, the old saying of the wealthy and rich is make money out of others peoples money is to the point where they can’t no longer do it. Yet nobody is talking about this single and simple fact.

IT'S SUPPOSE TO COLLAPSE! NONODY IS GOING TO PAY $100,000 FOR NO AMERICAN TRUCK THAT'S WORTH NO MORE THAN LET'S SAY $35,000, ANS THAT'S TOO EXPENSIVE TOO! $50,000 FOR CADILLACS,OR MORE.MADE OF FIBER GLASS (PLASTIC) WITH PLASTIC BUMPERS,CHEAP INTERIOR WITH UNNECCESARY DIGITAL COMPONENTS,THAT WILL PLAY-OUT IN 2 OR 3 YEARS.THESE MANUFACTORS MAKES THESE VEHICLES AT 6 TO $8000,THEIR COSTS BUT CHARGE 10 TO 15 TIMES WHAT IT COST TO MAKE THESE HEAPS.GREED WILL BE THEIR DOWNFALL AND THIS MONEY THEY'RE PRINTING ISN'T WORTH THE PAPER IT'S WRITTEN ON BECAUSE IT'S NOT "BACKED" BT NATURAL RESOURCES ANYMORE BY JUST PRINTING ALL THESE "BILLS" THAT'S ACTUALLY WORTHLESS,THEREFORE COLLAPSING THE ECONOMY!

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

The Biden Administration has created this very much iinflated economy! The NEW GREEN DEAL is the culprit with the MANDATING of Evs only! EV interest is waning quickly!

Here in parts of California, we are forced to have our vehicles, of a certain age, smog tested every two years. That costs extra, on top of the doubled registration fees our politicians have decided that we should pay them. lol. If your car doesn't pass their little smog test, you'll have to either pay to have it fixed, so that it'll pass or get rid of your car and be forced into buying a new one. I wonder what taxes are paid on new car sales these days ? I suppose it's high. Not sure. Politicians are the problem in many ways. At this point, I'd rather ride a skate board or donkey to the store, than be forced into a new car payment each month. $700, $800, etc, $1,000 before paying full coverage car insurance... nope. They want us out of our cars and they're trying to make it too expensive and too complicated to have one. It's all a game.

The trick is; Jack up the prices so high that when they come down on prices; people will not realize that the cheese is being hung to snag the consumer. It will always be a scam.

Part of the problem is that people are buying these overly, priced out of reach cars, etc. Who's buying them? The people who don't necessarily care because it isn't hurting them much. Business folk who just either write the vehicles off in taxes or elderly people who have the funds and don't care because it's their last vehicle. The rest of us... wer'e stuck with the aftermath of all the piss poor decisions, tactics of others. We, are on a sinking ship. If we don't plug the holes...we're definitely going to drown. also, I'd like to add...F the stock market and it's shareholders.

I wonder why he didn't consider a black swan event. I don't see SPY continuing up, everyone seems to forget one major event could make the market drop in a instant. I will sit in cash and keep scalping as it's the most profitable stratagy at the moment for myself.

I left America for a third world country in 2005. I've never regretted it.

Just an odd question....with the market in a spiral....who is to say in 2 years, the same building goes to another sale, and 50-percent of the present value disappears at that point? Even if you buy such a property....if you can't fill it or use it....where is the equity then? We are in a 1929-like scenario....just with a different landscape.

Well the weaking is China who is and soon to be was or biggest trade partner and they are facing a collaspe worse then the USA depression of the 1930's. There unemployment is like at 40% and even governmemt workers are not getting paid. Unfortunally it will take a few more years for companies to set up shop elsewhere which including countries like the USA, Mexico, India, Vietnam etc. In the long run this is a good thing. We should have never gotten so depentant on China. Also Trump put in that 25% import tax on good of China and those cost hit just when the panademic hit. But car are way over price and half this crap they put in cars these days, people do not want. I want to drive a car and not a computer. But people are not buying because the last 5 years car prices are insane and people are just not going to pay these prices. Meanwhile I am 62 years old and plan to buy one more new car in my life. But my 2010 Mazda Tribute SUV with 52,000 miles have another 8 years ago. I usually keep my cars for about 20 years and then things start to fall apart.

I am still driving a 2006 Honda Civic that I bought new. It runs like a top! I'll drive it until I or it dies whichever comes first!

It's almost June of 2024, it's still getting worse. Wake up.

The gov data coming from the DOL, the BLS, and the FED is skewed heavily to the up side because it’s an election year. You may have some jobs being added that they aren’t high paying jobs that stimulate growth. People are looking high quality jobs and borrowing like never before for basic necessities. I suspect, we are going to see more and more damage by the end of the year.

I wonder what all the human cellphone data is saying.

Very good video! Thank you!

Which is the better deal? A. Buy a new "cheap" car for $50K B. Repair/refurbish existing 2005-2012 Honda or Toyota for up to $12K. Then, spend remaining $38K on: 1. 12 backyard BBQs with friends 2. 9 weekend trips with a loved one 3. 7 trips to various festivals 4. 46 new or used books 5. 17 nice gifts to various people 6. $2500 to a worthy charity 7. Gas and goodies to go visit friends 8. Tools for DIY projects 9. Patreon subs for your favorite content creators 10. Anything else that gives you far more LASTING happiness!

Thx for the view

As usually, thank you for your insights!! We had some crazy thunderstorms down here in the Mission last night! Have a great day 😊

UP UP UP and onwards until we see otherwise. Thank you Ben.

Ben, Appreciate you giving date on each broadcast. Rarely do other channels do this.

Let the revolution begin! It's time for a complete change, out with the old govt and wall street neocons.

forced to love cars

This is a good video but it appears to be tailored to money investors , I'm retired after 50 years of factory work , blew through my 401k and saving already and the inflation has grown since Joe Biden took office , but I still found this video very informative .