MASSIVE Economic DOWNTURN IS ALREADY HERE!
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- čas přidán 30. 06. 2024
- Well to do people typically are not affected by prices going up nearly as much as people in the middle to lower incomes yet even stores like Whole Foods now are going to be lowering the prices on thousands of items in order to lure in new customers, especially since they plan on opening stores this year and not closing them. But if the economy was doing great, they wouldn't need to lower prices, everybody would continue shopping there without a hitch, but instead businesses, across-the-board are offering deals incentives and discounts to get customers back into their stores.
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A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
this is great! think your advisor would get on the phone with an unknown? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Tenley Megan Amerson for about 4 years now, and her performance has been consistently impressive.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Ann Marie strunk 🙌
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️ of myself because of low finance but I still believe in God
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Ann Marie strunk, has been an amazing experience.
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ann Marie strunk 😊🎉
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
I could care less that the prices are lowered at Target. We stopped shopping there when the opposite sex could go in the wrong bathrooms.
Agreed. My family has not stepped into a Target since that happened. I know a lot of other companies have gone this way but I have to start somewhere and Target does seem to be the most aggressive.
yeah Target can go to hell.
@pinschrunner How much less could you care?
"Just move to a cheaper place guys..." Moving to a cheaper place means NO JOBS or a long ass commute and it costs money to move. How do you not know this?
Right? I was thinking of moving to a deep south state in the middle of nowhere to save on rent. I looked online and a 1 bedroom less than average looking apartment was going for $650/month last year. Compare that to $1750 that I pay now in the Seattle area. Then my boss told me that if I move, she will be paying me the minimum wage in the state I will be residing in which would've been $7.25 an hour. I work remotely and I thought I could take my $19 an hour to a much cheaper place. Turns out I would be worse off. So no, Michael doesn't realize, moving to a cheaper place is not always the best option.
You're not wrong, but the best deal right now imo is a longer commute and a new EV. Buy a house in Kenton Ohio for $100k, commute to Dublin Ohio and make $75k, in your new $35k Model 3.
People who only live off of Social Security and food stamps can manage to move across the country but you can’t?
Moving is expensive when you are already settled with a family. I live in a low cost of living fly over state and was looking at moving to a city to be close to shopping and entertainment. At minimum, during covid, it would have been 10k for a safe blue collar neighborhood. Figured I'll stay where I'm at where I'm already making well over the median income for the area. Maybe once retirement age comes along I'd move to city to be close to doctors and entertainment venues. Guess it really depends where our kids set down roots.
Is he moving to Tiburon, California or just vacationing there? I am not understanding shipping the Jeep. Seems like Route 66 would be a great family road trip.
One thing I noticed in the recent years, was Not only that the dollar lost a lot of purchasing power but also the quality of food products has decreased significantly!
It’s part of the planned destruction of America; currency is going the way of the Weimar Republic. It’s a WEF/UN Neo-Fascist Fourth Industrial Revolution
@tizzx4945 ^True story^
Buy a tiny bit and Taste 5 lbs of Dung Ham 😝😝😝
you too! the quality of food wherever I shop just doesnt taste the same anymore. Is it that I have older taste buds or the way we're growing food?
Food quality is crap now.
A lot of these places can lower the prices all they want. The past three years has shown me I didn’t need most of the name brand stuff I was buying. So now I’m found cheaper alternatives or completely gotten rid of it in the house and it won’t be coming back . Companies played around now they are gonna find out
Same
I found store brands are even better.
Yep. I am only getting what's absolutely necessary and saving every penny I can.
Yes! And many are losing weight because of the changes in their diet. So they won’t be going back to eating boxed crap at the level that they were.
I'm doing ok and even I am cutting back. I got rid of gigabit internet. Now I make do with 500MBit upload and download speeds. I've got rid of subscriptions I don't need. I've effectively eliminated going out to dinner for anything. I did not go out to dinner for my birthday. I got a big $20 steak mushrooms, onions and stuff and made a nice dinner at home complete with ice cream and cake. A nice wine and I still saved more than I would have at any sit down place eating out. I ride the free bus. I play my old video games and not the new video games that are just slot machines and woke mess. I create a different account to win the same old game trophy's all over again.
Love your style, keep rocking it
No car insurance in New Hampshire
I rent a small 1BR apartment despite having a $175k income. My electric is always around $800 for the entire year. No debt, no worries. I'm cheap and happy.
Same here dude, i have a 2 bedroom for $750…. I live in a college town… my pay is over $110k…. I feel so free
@@gooserich3970 $750 is sweet. Where do you live? I pay $2100/mo rent in Silver Spring, MD. I do have a roommate with benefits. 5 more years and will will get out of here.
How much is your rent? What city are you living in if I may ask?
with your spouse and kids?
I understand.
I'm 52 when I was growing up you could get a ton of groceries for $100 give or take. Things have really changed. I paid off any debt I had a couple of weeks ago. I feel like a new person!!!
I’m lucky if I have 2 bags of food for $100 these days. I remember being a young adult in the mid80s $100 bought my husband and I food for a whole month. And we ate very well, too. Only during Christmas when we made special things for dinner parties did our bill for the month go to $150. And that was a cruncher.
Congrats brother, welcome to the club!
I got out Feb of 2020. Being debt free means you have more options. 🍻
@@BrianBukvic Thanks...I'm a woman. Congrats to you too! Yes, a lot more options and peace of mind.
@@TL71913Yes, peace of mind and less drama. Congrats sister!
@@bencharlie9509yes it’s at least $50 a bag for groceries
Wholefoods became less trustworthy and its reputation tanked, once Amazon bought them out.
So true
One of my customers is one of the founders of Whole Foods really nice guy
This!!!
Jeff Bezos shops at Aldi's.😂
True. Its name is now associated with a “big box store,” mentality. Its exclusivity score has gone down.
I keep it simple; I make steak and cut it in slices. 2 or 3 slices , rice and asparagus along with water for lunch and dinner. Breakfast consists of eggs, tortillas, berries, and yogurt, 1 cup of milk
Simple and doesn't cost much.
You are right. Don’t eat much and I eat at work for free ,so I have saved 300 dollars a month. On my off days I eat simple healthy foods and I think what I make is delicious, haven’t gone eating out for 4 years now and I can’t tell you I’m not missing anything.
You eat the same things every day? 🤨
My breakfast: 1 Great Value granola bar from Walmart. A box of 10 costs $2.50.
@@rachelbaziak4159 milk is causing inflamation and cancer
@@cs1992Fake food
The fact that these big name stores are lowering prices pisses me off because it shows us that they can, yet still be profitable! We've been getting robbed!
Captialism. Many parts to it. On a buisness end they are in buisness to make money.. the most they possibly can. When prices get to high... and markets are allowed to work, we get price rejection. Businesses have to lower prices to get folks to buy. If they don't or are too over leveraged they do not last and go under. Everyone is over leveraged. Folks can't afford the high prices. Which means there are thousands of buisnesses that are in serious trouble. Which means the Government is going to need to come in and save them (QE, Bail outs, Bail ins) at debt levels 120% debt to GDP. 13 of the last 15 countries that went above 130% have lost their reserve currency status. WE are living it right now... we are witnessing this real time. Americans have no idea what losing our reserve status really means. So I will tell you. Think everything you buy will double in price overnight. Folks are not ready for that. It will cause them to lose everything.
Capitalism is a great thing. But companies can have greed and it’s basically price gouging.
You can’t say you need to raise prices due to x y and z but still made a $15B profit that year.
@@saleens330 True capitalism is, but we haven't had that for a long time
That is not true, these are fire sales where they are losing money on these products just hoping to get you in the door so you buy other products. I work in this field and let me tell you esp in grocery, the margins are razor thin. You have to sell 4 cans of corn to make a penny and that is not an exaggeration. Truth is, their prices are way up and the rise in prices is that expense being passed on to us.
@@saleens330these are for profit organizations. Also on average profits are down for companies VS 10 years ago. Take Walmart for example, in 2023 they had 15 billion in profit which I'm sure you are referring to. Back in 2015 or 2014 take your pick, they made 16.363b in profit adjust that for inflation in current day dollar and that is 21B in profit dollars. We all know back then prices were far less and even with prices up now, Walmarts profits fell 6B VS 10 years ago. So your theory does not hold water, they are losing money just like we are. Higher prices is not some scheme by companies to make money. These are lies that the main stream media throws out there to cover for how terrible the economy is. Once you dig in you quickly see numbers don't lie, only the media does.
Stopped by Whole Foods over the weekend. Even with lowering prices, Whole Foods prices are still too high.
They are also coating fruits & veggies with apeel which is toxic for humans. I will never go to Whole Foods again.
Have the prices been lowered at that particular store yet? How would you know?
There is one within 8 miles of me, but I have never been there. The more normal supermarkets are much closer, and I assume cheaper
@@JBoy340a
Same here, Aldi, local stores and farmers markets. I've never even glanced at Whole Foods.
That's why you never see any Asians there. They are all at Costco ))
At least we beat Medicare!!!
Imagine propping that tragic figure up for 3+ years in order to get your great reset treason under way, and the Monoparty, as well as the pathetic puppet MSM are criminally complicit. Keep ‘speaking out against the madness.’ Be kind. Out evil. Always.
What did he mean?
@@marknewton6984 It is something the sad old career criminal said in the debate.
It was random and didn't make sense
Trump detailed the problem to attendees of his rally in Chesapeake, Virginia.
"They want electric planes," Trump told the crowd. "What if the sun isn't shining when you're up in the air?"
YES, HE IS THAT DUMB.
I'm an Over the road trucker. My cost to eat in the last 2 yrs has gone from $160 per week to $285 per week.
Don’t tell me Flying Js or Loves are becoming boujee check points for Rich ppl. Damn that’s high, I run local loads to car dealerships and haven’t gone far, plus I’ve been off for a year due to a soccer injury.
being forced to eat out is gonna be a real killer....
Thanks for delivering goods to American 👏
My brother is an OTR trucker. He has a mini frig and microwave in his truck. He brings food with him and heats it up. Drinks too !!
U eat too much. 😮
"Selective recession", you nailed it.
It is selective now... but soon it will not be.
@@bpb5541potentially. There are a lot of dangers people aren’t aware of but fact of matter is people are still spending.
Our local Aldi now has a parking lot populated with Mercedes, Lexus, BMWs, etc. So ... Whole Food shoppers must be visiting these days. 😉😊
I notice a lot of nicely coiffed and well heeled house wife types at Walmart lately, it is quite the sight
It's tough when you have to lower your standards and drive yourself as well.
I drive a bmw but I've always shopped at Lidl / Aldi.
It's like more than 1/2 the price cheaper than other supermarkets, the savings from shopping there pays for the bmw 🤣
@@taroman7100You normally have someone else drive you around?
@@6lu5ky86 you live in the wrong state. I’m 50 acres from my nearest neighbor and I know everyone in town
I was on a news website, Fox I think, and a it was reported that a person who ordered groceries from Walmart in 2019 for $130.00 found that those very same items today total over $400.00!
Doubtful
Years ago I shopped at Costco for 100 bucks, my shopping car was full really full with stuff. Now I get 4-5 items on sale for $100 😢
The person had an online order from 2019 and re ordered the exact same order and yes it went from $130 to $400.
It was actually from 2022 and cost him $126. Today it cost him $414
@@MrSteeDoo It's true. He has a video of an old Walmart grocery store from 2022:
Walmart order from 2 years ago:
Total Cost for 45+ items = $126.67
SAME ORDER FROM WALMART TODAY:
Total Cost for 45+ items = $414.39
My daughter and her fiance recently moved to Napa, California into a 2 bedroom apartment. They ran their air conditioning once. Their electric bill was 230! Twice what they paid in Boulder, Colorado, where they ran their AC continuously.
It’s now 100 degrees where she lives and she’s dreading what she’s going to be paying for electricity. She says that between taxes and living expenses she’s paying $1000 more a month just to live in California. They want to move back to Colorado.
moved out of Commiefornia 2 years ago. My cost of living has actually dropped by 50%. My electricity bill now runs about 40 dollars a month most of the year, property taxes are 450 dollars a year for a slightly smaller house than what I had in California, and my car registration runs 100 dollars a year.
I am now mortgage and debt free. Life is good.
SO MOVE?!🤔
California has become no place to be.
Washington is not what it used to be. Following California in policy is a fail.
Why in the WORLD would they move to Cali? Doesn't make financial sense whatsoever!
Colorado and California are Both Democrat states, your going to pay more for everything, including Taxes..
To me, Kroger and Trader Joes ARE high end grocery stores. Ive been to Whole Foods one time in my life and i didnt buy anything. It was like visiting an amusement park where all the rides cost $100. Lots of oohs and aahs. Just walked around pretending i belonged, like a penniless kid in a candy store.
So then where do you shop for your food?
@@sierrasky2491 Winco. It's a west coast thing. Wash, Idaho, Nevada, Cal, Ore. W.I.NC.O. It's a lot cheaper.
That's how I feel about whole foods, too. My husband is a top earner according to the media, and I still feel that way.
@@MikeG.666They have Winco here in Arizona, but they only put stores in high volume communities, and always across the street from a Costco.
@@janedoe1404 Interesting. Didn't know that. They should update their name to Wincoa. Thanks for the info. 👍
I walked into a Whole Foods a few years ago. Laughed and walked out.
Me TOO Amazon Drop off
Same here. As soon as I saw they were selling a whole pineapple for $5.49, I walked out right away.
Same with Sprouts.
@kenchu5900 I saw a cantaloupe at Aldi's around 5. I walk out
I once took out a loan there to buy an apple.😂😂😂
The prices at Whole Foods are too damn high!
I was in there last week and LITERALLY gasped out loud at the price of something. SMH
@@AngelaNortonTylerWhat was the something? We all wanna know.
Yes, but now Walmart and Target has caught up with them. To me it’s even
But the women are far better looking
@@jrgb9945they’re skinnier, but I wouldn’t say better looking.
Thanks to you Michael. Following your recommendation, I started researching into Abby Joseph Cohen Services. Thankfully it was a little over a year ago now, I started an lnvestment with Abby's Services and that allowed me to be on much MUCH more stable ground in the face of global financial upheaval.
So thank you, your channel, and your employees. For what it's worth, it made a difference for me and my little family.
Same here, I got to know about Abby Joseph Cohen Services from Mike in 2020. Since then I've paid off 160,000 USD of debt. Now I'm working on building an emergency fund. I didn't even have a savings account three years ago.
I know this FA, Abby Joseph Cohen Services but only by her reputation of being a former employee at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
@@AhlfieldMontalto
How can i reach her, if you don't mind me asking?
Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
@@NeuginTin
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Reducing prices by 25% after raising them 50-75%
Whole Foods is a total crank ! Paying double isn't hip. Publix is high too !
The whole foods , we visit once in a great while, the place is ALWAYS packed.
What we spend there, it's not a lot of items . I like Costco's better and the local grocery stores ,they are cheaper .
I haven’t been to a Publix. They’ve been all moonlight & roses about Publix opening soon here. Everyone says ALDIs and Lides is in big trouble one Publix opens. What’s the prices like?
And Publix used to be all about customer service - that went out the window 🪟
On top of everything, they all want you to bag your own groceries! 🍅🍅
Publix BoGos aren't bad.
Message to people doing well now. There's an old saying, "You lose your job it's a recession. I lose my job it's a depression".
The people who are doing well aren't doing well because of the income provided by their job.
They're doing well because of the investments which they already own.
Wealth is from investments. Living expenses are paid for from a job.
@@markdyrhaug In our case S.S. pays the living expenses. And investments allow us to live.
There's another old saying.The sun don't shine on the same dogs a** all the time. Seems reality is setting in with a few. But to the really high earners it's not even a bump felt in the road.But if things continue on this path they will have other worries.And these marshmallows will be melting before everyones eyes.
A Recovery is when Biden loses his job...
@@markdyrhaug Thank You,.........I am retired with 7 figures in investments (plus Social Security). I will NEVER have to return to work to be a Walmart greeter.
I noticed changes in Whole Foods recently. It’s less crowded, the bakery and prepared fruit are sitting on the shelf longer, and for the first time ever they have a full time security guard.
Teens.
I think practically every store has a guard now
When prices are up 20, 30, 50% and retailers reduce prices by -10-20% that is not deflation.
Inflation and deflation are monetary phenomenon, not prices.
@@huemann7637 prices are signals …how do know the money supply expanded or retract? How do you the diff between deflation and disinflation.
we all use the USD as the unit of account and measurements you need pricing to determine what the market values goods and services ..the manipulation of interest rates and money supply skews prices.
If homes were measured in gold or BTC then we would not have his conversation
its literally like saying the monetary base money grew in USD terms is irrelevant because we all know its fed reserve expanding money supply via asset purchases...pricing provides the market signals.
what.
@@bitcoindaddy1 Exactly. Nothing goes up or down in a straight line. The trend is still up.
Election year people ..... Walgreens 50k people laid off
How many stores are closing down or have closed down because of theft losses in DEMOCRAT RUN cities?
@@user-gx4ky6ct8c walgreens is not a well run co., expanded too much , you need sales, mail order is also killing them.
I woudln't worry too much about theft. That is not what is the main issue. The main issue is price got to high. Folks can't pay them. Buisness revenue falls. They way to over leveraged (debt) and this causes them to fail. Scary part... we haven't seen anything yet. Just wait. Millions of folks are about to lose their jobs. The Government will try to save it and make inflation even worse.... so a massive, horrible crash, followed by hyperinfation or said better stagflation like no one has ever seen. Almost no one is ready for that scenerio.
@@user-gx4ky6ct8cno stores closed by me. Our county is 95% Republican 😉
Quit eating folks, save money.
Quit buying so much food. Fresh tomatoes, peppers and onions from our gardens hit the table this week. Harvest season is just getting warmed up.
I did. I only eat once a day now.
Quiet breathing..save even more money 😂
@@Jaysun11BPerfect. It’s all about calories.
They need to. The amount of 2-leg Goodyear blimps is off the charts.
$525 billion to Ukraine and $750 billion to illegals and $700 to Maui people that’s your president Americans
How is the weather in Moscow comrade?
Yes Old Joe - Nancy and Chuck are famous with republican help
Don't forget the added property taxes to pay for their children's schooling
@frankgallagherr. Let's Go Brandon!!
Maui actually got around $300 millon.
You can call it "inflation" but when these same corporations are reporting record profits during the same time we are seeing higher prices i would call it profiteering.
Those “record profits” are in inflated dollars, which are basically worthless at this point. Their record profits are just meaningless numbers because they also can’t buy as much with their dollars as they used to.
Inflation is caused by money printing not record profits. It’s basic economics.
Kroger is not cheap. Jacked up prices like throwing craps changing weekly.
Yes.. insane prices at Kroger and no help .. just lots of people stocking the shelves incessantly!
Pure greed!! Check out Kroger CEO compensation and your stomach will never be the same! Insane..? Pure Greed!
Kroger even in the 1980s was considered expensive.
And they are woke
Yup Kroger been expensive.
And get this?! They were going to merge with Albertsons,& get this, stated prices would go down?! MORE HORSE💩!! SURE THEY WOULD?! Less Competition, PRICES GO UP! NOT DOWN! 1 outfit controls a industry ,they set prices. Always works that way!🤔
I shop at Sprouts about once a week,...but also at Giant, Aldi,...and Food Lion. I take my time,...read the labels,....look for specials,...and always find great healthy deals.
Fantastic! Good to hear some good news!
Sprouts is way too high also.
Where is Food Lion located? I've never heard of it.
@@BREEZYM6015 Mostly the East Coast,.....based in North Carolina.Giant is mostly Maryland/Virginia/Delaware,..aka DelMarVa.Giant is also called ''Shop n Save'' and ''Martins'' in the Northeast.
@@user-xg6yc8ho3w It is,....most of the people who shop there don't worry about the price. Still,....many ''deals'' if you know how to find the bargains.
Cage free egg's are a marketing lie. The chickens are raised in the same building but all they do is put a little 4 ft. by 4 ft. little indoor/ outdoor back yard deal attached to the big building and call it caged free. Now they can charge you more money for the same thing.
I buy free range.
So not true. They really are free range. Next time go visit your local Whole Foods farmer and witness it yourself…lol!
Like for yrs.would fly Lobsters across Ocean, bring back ,Call Them Imported! Raise Price!!🤔
If the consumer as a whole in our nation would just purchase the very least needed and for an extended period of time, prices will drop. Part of the reason prices increased was due to people still purchasing as the prices were jacked up. We should have been saying no for a long time now.
In Chicago last summer when I ran my AC my electric bill was 89.00. I just got an email from Com Ed saying that I am trending towards a high electric bill. It is up 54% ( from not running the AC) and will be approximately $211….. insanity
The corporations are all in! They screw us cause they can.
Mine used to be like yours $85 only now $350 to $450 and i do not have air conditioning they blame it having to pay for the Paradise fire
My electric rates have been at 11 cents a kwh for YEARS.
It's the RATE that matters.
Go on their Website I LOCKED in the Rate for THREE years no BS..Now IF IF they raise the FEEs or Taxes it still Goes up.I beat everyone But Solar.Old Carpenter
Your videos are a breath of fresh air, always enjoy watching
People who continue to shop at Whole Foods and other health food stores have health sensitivities that are negatively impacted by questionable ingredients found in "regular" groceries and wish to avoid expensive health issues down the road.
Never used to agree with that statement but now that I have been shopping at whole foods for years (often) I come to the conclusion you are what you eat and I have felt much better in the last few years.
That’s a load of crappola. Just like people who lie about food allergies. I don’t buy that argument at all
If we were so in debt how was it possible to send BILLIONS of dollars to other countries for the past 4 years
Being a world leader has it's costs.
@@MrSteeDoo it doesn’t have anything to do with costs. It have everything to do with theft and deception.
A lot of people are spending money now because they're afraid if they don't now they won't be able to next year..
I actually agree. I've been booking cruises for this year and early next year because I'm not sure if things in this world will be still the same.
I’m spending money because I’m debt free with no financial issues.....I say again...No financial issues.
Nothing really hasn’t changed.
Not in the matrix and immune to divorce fleece,weaponized child support and the courts.
Need a new roof in 30 years or HVAC in 20 years I get a new one when the time comes. Simple.
Already have double homestead exemption and senior freeze for over 65.
Can live anywhere in the world I want and can fly free to get there.
@@blackworldtraveler3711 I'm also debt free.. just wait for when you need to put a new roof on your house. Or you're well goes out and your taxes will definitely be increased.. actually everything's going to be increased it's not going to stop.. it'll get you man
@@timr31908
I also said no financial issues.
Not concerned.
Inflation is at the highest level ever. Prices are the highest in all of history. Why no one is saying this is beyond me.
Nope not even close. It was way higher in the 70s. We had to make our own clothes and visit with the neighbors for entertainment nobody did the hyper consumer thing that they are today. We're not even close to that yet. Just wait😊
@@sierrasky2491if they calculated inflation today the same way they did in the 70’s we are higher now. The figures they are putting out are lies. They have just gotten better at lying since the 70’s.
Because the economy is booming. Everything is fine. Nothing to see here 🙄🙄🙄🔥🔥🔥🔥.
@@sierrasky2491 The inflation percentages were higher in the 70's, but the percentage of a family's average income needed to purchase food, vehicle, housing was much lower overall. While the reported inflation %'s are lower now by comparison, nearly everyone is way worse off due to the relative cost of almost everything compared to average income after taxes. It's similar to how mortgage loan rates were higher in the 70's, but a house cost 25k-40k, as opposed to 350k now at a lower interest rate. Less affordable is less affordable, regardless of the optics or what is being reported.
No, you’re wrong. In 1988, our mortgage was 11.5 %. Inflation was just below that. Therm’s the facts.
For us, we have really STOPPED BUYING what we don't need. And, even more, we are NO LONGER EATING OUT. It's just TOO EXPENSIVE to eat at Fast Food and even more so to shop at higher-end groceries. And, we price-match on every item that we buy, and we buy it in bulk. And, now, we are learning to cook at home and are using COPYCAT RECIPES to cook whatever we want from restaurants or fast food places that we used to eat when we went out. Thus, we are really CUTTING BACK ON OUR SPENDING. Because, Bad Times (real bad times) are ahead.
We all have to say our prayers and do the best we can... :-)
Since food is expensive, they're probably lowering prices on perishable items. Might as well get some money, instead of no money before throwing things in the trash.
2 things is important to grasp and understand. 1. Prices are extremely high now for groceries, healthcare, insurance and gas. 2. Prices are gonna go up exponentially. Please hear and understand. No way around it. Get ready.
There is only so much of “get ready” that people can do. Maybe “brace yourself and revolt” because this has been planned for decades.
So you don't want to do anything about it right? You just want to get prepared and then suffer right?
And this isn't just a USA thing; the rest of the world is in the same boat. COVID broke the economy because corporations found out they had us right where they want us.
You almost got it correct. Next we have a crash... so deflation. Then we get hyperinflation or better said stagflation. The reason for this eludes folks.. which is why were in the situation we are in to begin with. I mean I didn't hear anyone complaining about those massive tax cuts Trump gave out or Biden's green plan... or rich boomers and companies buying all the assets up. No what comes next is a liquidity, collateral, and credit crisis followed by stagflation that we have never thought possible. Most folks are going to lose everything.
@@OilTradingwhere did he talk about what he’s doing about it? I just read him stating two facts that need to be accepted so you can make plans
The government spending is a big problem, and if we hope to get it down, we need a booming economy.
Pretty scenery. 😊 Thanks for sharing with us!
I shopped there once in Canada and I was horrified. Never again.
Having to buy food for kids in a family now is really difficult. It's been this way since Covid. Going grocery shopping as a family used to be one of my favorite activities to do as a family. I don't understand how families can even survive anymore. Have people just stopped having kids?
Elections have consequences. Stop voting for the socialist / marxists.
My son has a wife and 4 kids. My dil and oldest grandson (18) are really good cooks and they eat at home almost exclusively. They’re big on soups and stews and lots of Mexican since that’s my dil 😂 and that isn’t too expensive. They eat really healthy so they save money on garbage cause they never buy any.
I truly don't know how parents deal with this economy. Must be near impossible...as it is difficult for just my husband and me.
@@katydid2877 Thankfully my kiddos are starting to eat the food I cook at home. Rice, frozen veggies, meat, fruit. It's odd how something I used to really enjoy as a family got cancelled. I hardly ever see kids shopping in the grocery store with their parents anymore.
Eat the kids instead of shopping!
I lived through 2009-2012. What we’re experiencing now is NOTHING like that!
Try 1980 💀💀💀💀💀💀💀💀💀💀💀💀
A lot of people are going underwater, that's for sure.😢
When TF is a 2 liter of soda gonna be .99 again? Coke and Pepsi, wake TF up.
never, and it will only go up
Walmart sells "Sam's Cola" for $1.00
If your buying liquid sugar your not needing lower prices.
24 pack of 12 ounce cans was 6 bucks every holiday sale. Now it's $8. Just bought 10 cases to last until the Labor Day Sale. Stocked up on hamburger at 2.99 a pound. Shop the sales and buy in quantity. Been doing it for decades.
@@googleuser868 Sugar drinks are not only high priced they will cause diabetes and other illnesses they were never ment to drink habitually having one as a rare treat is ok but your kidneys and pancreas was not ment to filter 38 grams of sugar × 4 or 6 per day. Then the big pharma gets rich billing you for diabetes medicine and doctor visits drop the habit while you still have a healthy enough body.
It's not inflation - it's greed.
No.. it's inflation. If consumers chose not to pay higher prices for goods, then companies wouldn't be able to charge as much. The value of the dollar has changed.. aka inflation.
Yep, the person not going out to eat is greedy. Not wanting to spend that money at the restaurant so the servers can get paid to pay their bills. If it was just pure greed, then why were they not charging these high prices pre-pandemic? When economical times get tough, many smart people from the small to the large corporations, try to cut spending and increase revenue. It is like the person stocking food up, the more money you can get, the better chance you have to survive a recessions and depressions. Yes, every smarts person, every smart company. is trying to store up enough to survive till times get better.
Let's face it, the inflation is too much money chasing too few goods and this administration's policies has played a big role in that. The more money government hands out in stimulus, bailouts, subsidies, and the likes, devalue the money you have. The less your money is worth means the more it will take to buy something. Zimbabwe is been one of the most recent in history that destroyed their currency by printing so much of it.
The other part is restricting supply raises prices as well. Part was done under Trump with his tariff on China in an attempt to negotiate a new deal like he did with Canada and Mexico. But Biden hit us the hardest with his war on fossil fuels. Oil is one of the most important things to the modern world and not just for cheap energy. Most plastics are made from oil and the world is highly dependent on the lightweight, durability of plastics in all aspects of life. Even the EV cars depend on plastic to keep the weight down. Then you have the use of fossil fuels in powering all part of manifesting, mining, farming, to get things we need. If also plays the part as a catalyst in making many medicines.
These are just some of the factors that play into prices. Take housing. In places that have high restrictions and fees, even law to protect renters, limit the amount of housing that can be built. One Saint Paul, Minnesota nearly halted all new housing being built with new rent control laws a while back. You want to lower prices, you have more supply but in Saint Paul's case, they end up killing more supply with their strict rent controls.
Basic economics is they if you want something cheaper, than have more supply than demand. Don't believe me, just look at Ollie's Bargain Outlet were many toys end up at cheaper prices that people did not want to buy. I don't know how many modern Star Wars and Marvel figure end up there, but I have seen a lot and more than I even saw at like Walmart. That same principle works across all markets.
Greed with an agenda.
Nope. Companies (grocery stores, restaurants etc) are paying more for the product so prices must rise to stay in business. Oil is higher so transportation costs are up. Needing to pay more for minimum wage is up so prices go up. The dollar is no longer the only way to pay for oil so it is now worth less (and that is about to get much worse).
Nothing to do with greed.
@@hazcat640 Sure, they are. That's why they reduced prices when people stop buying the products. They're trying to see how much people will pay. Just like the auto industry, and housing.
Grocers have been gouging us since the pandemic
Grocery prices have tripled. Anything else is a lie
Inflation is crazy. The BS that we are being fed is just that BS! It’s harder on small business which in turn takes them out and gives more power to the conglomerates.
Corporations benefit from chaos. They also make things worst so when when there's more suffering, more people because religious and end up supporting politicians who support corporations.
Small business felt the pain when employees demanded they get paid more. They got it now look where we are. Small business can’t hire with that demand.
Hi Michael Bordenaro, through your video you are making a very Important contribution to help people understand the effects of inflation and the worsening economic situation we are heading. Thanks for bringing to your show your mother and father, they are the best. God bless you 🙏🏻
I dont keep up because Mike's observations can ruin my days.
It's not a selective recession it's the ever widening wealth gap
People keep buying overpriced stuff. 3 months of everyone having self restraint would be all it’d take to bring things back to normal levels. But nope Americans have 0 discipline to prices keep going up.
I’m not fat and unhealthy.
So glad I had parents to teach me how to be smart w my money.
Me too 😊
Costco has kept prices steady in Arizona. At least what I purchase.
Same in California. That's why I love Costco so much.
Thanks Mike 😊Enjoy your vacation 😊
It might not help, but who you choose may not make it worse, is where we stand.
Our family of 8 has a food budget of 1,500 a month in food!!! It’s insane we are currently looking for hunting land!
Grow a garden. Raise chickens. Etc
Invest in birth control
187.50 per person, you are doing a good job. Do you watch ozark family homestead? She has her budget down to 120$ per person per month. I don't have the same stores she has, but she shops the loss leaders. I can still do that.
Getting my teen to eat less chips/ snacks has been the hardest thing.
Having no kids like Bordenaro solves a lot of potential budget problems. Freedom to go to California for 3 months/yr, Florida for 9 months, that was great planning.
Boy, if the downturn is here already, I can't tell. I still fly back and forth from FL to TX and all of the flights are packed with no seats open. All of the restaurants are packed too. I still don't know how people afford this.
Yea! Just flew from BNA to LGA and back over the weekend both flights full!
I did notice the restaurants and Businesses in Brooklyn were not packed at all. Did notice quite a few 50% off signs. Damn Uber still charging high though. 97.00 from LGA to Brooklyn!
Same here in the DC area. So many 4th of July events are sold out! We have shows coming up in Sept. where the tickets are $400+ a pop and all the good seat are sold out.
Thank you for this public service!
Finally, it's passed overdue to come back to real prices
dropping 10% in price, when were already 2x - 3x higher than 3-4 years ago is not going to help.
I honestly dont think prices will EVER be pre 2020 in our lifetimes again
past*
@@EMF0009They could raise prices 10% every month for the next 5 years. That would help. 😂
Never gonna happen.
Del Mar, CA location - Meat section: 'beef brisket' $19/pound. Salad bar: $11/pound. Breakfast Buffet section: Egg, Bacon, Cheese breakfast burrito $7... I doubt they will lower prices... But I'll keep checking.
Cook at home…gee!
@@ed0078 I never said that I do not cook and eat at home. I merely provided some examples of some prices for comparison to other communities.
Thank you for sharing.
Great content thanks❤
Erewhon is opening a new store across from Whole Foods here...$15 to $23 for a smoothie..😂😂
Wow!
I shared a mini grocery haul at Whole Foods just last week and definitely made use of the 25% OFF sale, + 10% OFF PRIME deal. I feel you can't have loyalty to any grocery store right now. Wherever there's a sale/discount that's the place I'll visit to shop!
Definitely look out for number one. I like the variety and diversification of multiple sources of supply.
If you just buy the basics, it's not bad. Big Y in the Massachusetts area can be just as $$$
To be fair, the president doesn't have unilateral control over deficit spending. If you really want the national debt to be wrangled, you should be reaching out to your congressman and senators. Vote those morons out and hope you can get them replaced with someone who has deficit spending at the top of their long-term agenda.
But, the president sets the agenda, If a president wanted it to be a priority, the congressmen would follow suit.
It's great news! Today, the Homeowners Bill of Rights is finally in effect. 🎉🎉 Let's celebrate this important moment for homeowners everywhere! ❤❤❤
Yogurt went from $5.49 to $7.99, Margarine we used to get for $1.00 bill on special is now $2.49 and more if not on special, Avocados went from $2.99 for five to $5.99 before dropping back to $4.99, three bags of milk went from $5.79 to $7.59 this week, This is the reality in Canada.
And your pay went up also. Minimum wage went up a couple years ago
@@ed0078except the pay isn't keeping up with the inflation of everything else. If it did the minimum wage would be around 30+ bucks an hr by now if not more
I am so sick of this inflation. I just retired two years ago and if this keeps up, I will move out of the country.
Really? Where? 😮
Gen X is going to have to move too since the Boomers have eaten our retirement funds and we’ve been told it was going to happen since the 80s, despite paying in our entire working lives too. Not “their” fault, but our generations are getting scammed coming AND going. 🤷♀️
The thing is even if you escape this war-mongering TAX-thieving country and you are a US citizen, you will STILL owe US income tax wherever you live. Do I still need to file a U.S. tax return? Yes, if you are a U.S. citizen or a resident alien living outside the United States, your worldwide income is subject to U.S. income tax, regardless of where you live.
@@marknewton6984 Either Costa Rica, Thailand ,Viet Nam or Cambodia.
@@markritacco270 I suppose that depends on whether you choose to relinquish your citizenship. If I leave, I doubt I’ll be coming back. Parents gone, no kids. 🤷♀️
It sucks when you in your young right. I came from a broken home. Times are tough i pray to God everyday!
Peter Santenello just had a guy on his D.C. vid. The guy said that our GDP is $4T a year while our federal spending is $7T. So, every year at a minimum the debt grows by $3T.
GDP is right around 28.2 TRILLION per year.
@@MrSteeDoo thanks, I misspoke. Federal tax revenue is $4T, our federal expenditure is $7T.
A simple trick to save a bit on your electricity bill. Turn everything you're not using off at the power point, don't have any appliances sitting on standby. You can save up to about 25% off your power bill just by doing this.
Thank you
I like to get certain things from Whole Foods because they are reasonably priced there.
Their store brand pasture raised butter and eggs are cheaper than any of the other stores in my area, and it’s quality food; orange yolks and yellow butter.
That 365 brand has some pretty good deals.
Finally! A comment that agrees with my comment(s). I am not trying to say Whole Foods is the best but Walmart and Target (grocery) are at equal pricing to Whole Foods so why would I shop at the other two. The eggs are better, this is confirmed by the way you crack an egg for breakfast Whole Foods eggs (local supply) are so much easier to cook with. This is just ONE example. Not to mention their awesome soups and premade dinners
My electric bill in Japan for a 2 bedroom condo is $26 a month; gas $9 a month. Japan has to import 100% of natural gas called LNG. But people in the USA pay more when the country has gas for 200 years. Get out of there.
I have a 2 bedroom in Florida. My light bill is ~$160 a month.
Most of the actions the government has taken are making the rice richer, and the poor poorer. The middle classes are declining
Great video, Mike. You're talking facts
Our dollar has turned into monopoly money it's only worth 3 cents that is why everything costs so much 😳
I used to shop at Frys and now i shop only at walmart to try to get food cost as low as possible. And we dont buy meat anymore, too expensive for a family of 5
Nicole, forgive my noseynes supermarkets usually have weekly flyers that have one kind of beef cut on special
May I recommend learning the skill of shoplifting...
So you intentionally paid more BEFORE?
A Crockpot is handy for tenderising and flavoring cheap cuts of meat ✌
@@angelaclark2231 a Levi's trucker jacket with huge inside pockets is great for acquiring nice cuts of meat to feed your children...
Thanks for all the content! Keep pumpin em out & STACKING YOUR SATS! ; )
You nailed it Michael!💯
My car insurance and homeowners insurance went up 20%. Both of our vehicles are older than 7 years. Electricity went up around 8% with another increase in the works for next year. My discretionary spending is disappearing. We cook more and eat out less. I know of two people who were involved in no fault auto accidents where the driver at fault had no insurance. Sign of the times.
But they said inflation is transitory. 🤣
They said there is not recession. They say BRICS are not a treat to USA dollar reserve status...
Great Topic: Well explained!😃
The biggest thing that I see with Whole Foods is that most of their customers are not smart enough to know they can't afford to shop at Whole Foods.
The elites have benefitted from price gouging.
Greedy Business is killing the economy
Our government created this problem... The price increase just shows what our money is worth.
Nope it’s the WEF/UN
The prices surged when Bonehead Biden cut off half our oil supply just coming out of covid. Inflation spiked. I've found it never goes back to where it was before.
@@augustcanyon3438yes I agree it's the Democrats
@@augustcanyon3438 Well said. Exactly who the current cabal in power work for. Enough. Keep speaking out. All the best.
Lowering prices that are caused by price gouging (fake) increases means what?
Smucker’s Red Raspberry 18oz is now $6 at my local grocery store. It was $3 just a few years ago. I switched from that to honey on my morning toast.
They want rich and poor. No in between. They know the poor are easier to control and manipulate.
Truth. Like on a college campus, "sign up for this credit card and receive a free store brand 2ltr of soda" bought and paid for audience
To think right before Covid we had 2% inflation, no war in the world, 2-3 dollar gas and all people were doing well.
Plandemic
There was a short period in time between 2020-2022 where eating out was cheaper than the grocery store in many instances. The whole take-out ghost kitchen situation.