People Have STOPPED PAYING THEIR BILLS!
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- čas přidán 26. 04. 2024
- The Chicago FED just reported a deep concern for the rising delinquencies on all forms of consumer debt, including credit card, delinquencies, auto loan delinquencies, student loan, delinquencies and non payment of rent. This cascading wall of debt is not only hitting consumers but the U.S. economy as a whole as businesses are also reporting a slowdown in hiring and more planned layoffs coming.
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MAJOR Housing Market LIES BEING TOLD RIGHT NOW! czcams.com/video/7PXXGKjckts/video.html
Bro I am here is South Florida as well (same industry) . Couple years ago when I said some that you post now you were almost laughing. You did a 180 and even stopped selling. I think you are growing.
Totally agre Micheal!
Why no timestamps?
Micheal you say guess what? Too much
I do think ahead by 1 - 5 , 20 years ahead etc .
that's what made me plan ahead, invest, save money, pay off debt / home and retire early .
I had all this vision at the age of 17 years old.
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I checked Melissa up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.
Let's be real. This is all by design.
100% - finally someone gets it.
It's exactly what ushers in the mark of the beast. This is going to get much worse.
EVERYTHING is planned out in advance.
it was done on purpose by the tyrannical feds!
Always is. Most people cannot see above the corn growing.
Wake up people, this is all by design. I'm 60 retired my wife is 5 yrs younger.
She drives 5 miles to work. Then back home. I only average 500 miles per month total driving.
We have a 2015 Toyota Rav 4 and a 2017 Honda Crossover . They went up on Our Auto Insurance by 17% . We have no tickets
No accidents, no points, what so ever. The Hartford Insurance company Representative said "Well it's because of Inflation that your cost went up ". I said that should have ended 2 yrs ago when all that money was pumped into the economy. We aren't getting any extra services to justify the 17 % increases. I said this is Nothing but Price Gouging. This Government and the Biden Administration wants to completely do away with the middle class. They want us broke and totally dependent on the Government for survival .
It's all part of the WEF that all the world leaders are following.
There’s really no incentive to drive safely, other than wanting to live. The five percent safe driver discount is an insult to all safe drivers.
State Farm has had so many law suits they've lost in the last couple of years they just decided to push their debt off on their customers. My car insurance for full coverage went from $97 dollars a month to $167 dollars a month in less than a year and a half.
That is true about eliminating the pesky middle class. But the Hartford like price increases these days. We know it doesn’t benefit you to stay with the same company for decades. I recommend what us younger people do, you call another insurance and get a better rate and get it started at midnight that day and then call Hartford to verify you’ve cancelled. The new company will be glad to bring you on board for a lower rate and that will hold for 3-5 years and then you shop around again for a better rate. No loyalty these days.
@@doodybird5766call and change companies like did. That’s an unheard of increase. I pay State Farm about $87/ month myself for a 2021 Mazda CX-5 and clean record and I placed their Beacon in my car for about $67/ month savings
Dump the Hartford Insurance, they suck, along with the rest of the insurance industry, pay pay and pay then when you put in a claim, they usually fight many, low ball the claim then drop you, especially the Hartford, All-State etc etc etc.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?
Amber Dawn Brummit is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
If only the entire nation would stop paying their taxes.
you dont even need that, you just need juries to start saying "not guilty" unless there is a specific victim who isn't the govt
AMEN!
They would just use AI to blackmail us
Amen.
Exactly
It is cheaper for my family to buy a round trip plane ticket to Bulgaria (where my wife is from) and get medical and dental procedures done there. Than to drive to the doctor down the road and get treatment. This country is a joke.
It is less expensive & there are less headaches for my cousin to fly to Mexico and get an MRI on her shoulder than to get it done WITH insurance here in the US. Her insurer has denied her an MRI for six months and has her do physical therapy which has left her with a numb arm she cannot use and they continue to deny her the MRI. If they grant her the authorization to do it, it will still cost more than a ticket to Mexico & the $100 to get the MRI. She still won't listen to me about making the trip.
Universal healthcare
@@jeremyleonbarlow
Could be frozen shoulder. Physiotherapy fixes it and you can look online for gentle movements and exercises to correct it. It took me 2 weeks.
@@fdd7002 Universal healthcare means people have to pay their taxes and taxes go up when they (the government) need more. It's not cheaper, it's just not on you to pay for it. Lol!
@@becaSidekickwe are paying and paying for it already we are just not getting any service
I’m 44 and have never experienced anything like this. Laid off 10 months ago from $97k a year job. Since then all I can find is working part time for 3 different companies. I’m a single father w/ a 6 year old son. Aside from inflation. My previous car insurance provider stopped doing business in CA. I was paying about $80 for full coverage. Cheapest I could find back in Feb was $400 a month with a mandatory 30% of a 6 month premium as a down payment. The stress to keep it together is through the roof.
Dang I’m sorry man. Car insurance has become straight up theft. What was your old job
Start looking overseas my guy. I’ve been looking at Japan and houses are super cheap and their culture seems respectful. It’s an extreme solution but we’re dealing with an extreme situation.
Get into crypto. Where gonna be having a boom soon.
So sorry to hear that. Can you move elsewhere?
@@scottbarnard4659 biitcoin is worth less than it was a year agoo what crypto are you buying ???
The system is collapsing!!!!!!
Keep up the good work patriots
All I'm gonna say is I'm old enough to remember when mom stayed home and dad worked. Those were the best days in America.
@@badinstinctsCZcams-xb3ojno dad is still out working trying to make income just like mom
I work and my wife stays home. Choices made when we got married 23 years ago. It can be done - but it requires sacrifice. Very few of my friends wives stay home because they say they can’t afford it - yet they make more than we do!
It can be done. People don’t want to live in lower cost of living areas or buy smaller homes. I grew up
In a 1400 sq ft home, two parents and 3 kids and we did just fine. People in my family turn up their noses at me because we live in a large double wide, but we have a great property and are perfectly happy here with our very low cost mortgage and in a low cost of living area. I drive an old Ford
Pickup, and we have a 16 year old family van. You know what? We are happy and can afford to do fun things.
You're right. The lady next door to me works all day long. Her husband just sits around his house all day.
And grandma’s on OnlyFan’s showing a little too much ankle.
Slavery didn't END. It just encompassed all the races.( charles Bukawski).
Wage slavery; you don't have house, feed, or care for them in any way. The value of their labor trades on a market that can be manipulated with immigration and they pay the tax on it themselves; chattel slavery doesn't hold a candle in comparison. The civil was just forcing it into agriculture.
@@m4c4c0 The problem is too much inflation. Throwing more money at the problem will only make inflation much worse. The real solution is get inflation way down, make America affordable again. That would be a good Trump slogan.
Yes! a cheap fake gold pair of sneakers for 200.00 and an autographed Bible for 60.00. Trump know all about lowering costs.
@danielgardner394 People can offer all kinds of stuff and as long as I am not forced to buy it I dont care. What I do really care about is taxes and inflation which can't be avoided
I always say "people think they're free bc they get to choose chicken or beef flavored ramen noodles as they slowly starve to death." Obviously the most extreme example but it's true. Varity, sweets, luxury goods and entertainment distraction while the corps pillage the land out from under us.
30 years ago people would not stand for this now people just accept whatever
People DID put up with this 30 years ago... thats why we are at this point now
@@hawaiifiveohoh no it is worse now from my point of view
That’s because they are much too busy deciding what gender they are & picking out their pronouns 🎉
@hawaiifiveohoh yes but also no. we're paying for their spoils. what exactly were they putting up with? the shady things were much less obvious & the obvious things were much better for the average person than today.
Exactly these people taught their kids to be sheep
When you see restaurants and malls with lots of cars realize most of those people are paying with credit cards.
Its beyond my comprehension why people go out and eat if they cant afford it
@@bjarne431I make a shade over $100k/yr. I have a small ($300/mo) car payment, and my mortgage is about half what rent is where I live. And I don’t have any other debt.
I spend a whole lot of time marveling at how people are paying rent or their $500k mortgage, a car payment on a $50k car AND have money left over to sit in bars and restaurants. SMDH. I really wish I could get a snapshot of those people’s finances. I bet it’s a mess.
@@anselpeneloperainblossom-s3489 We're Very similar in numbers. I've always wondered same. How can you be working in the public sector driving a 60K truck or car?
Our government doesnt pay it's bills, why should citizens?
Tell me about it! They borrow and then when they can’t pay it, they increase their debt limit to borrow more
yess
the wealthiest don't pay taxes, why should we shoulder the majority of taxes due?
💯
@@annfarmer9704 our taxes don't even cover what interest payments would be on 34 Trillion of debt.
The "leaders" in this country look like people stealing the silverware while the titanic sinks
100%
The beauty of that is that the silver they are stealing will help them sink faster once the boat is gone. 🤔
Well stated !
Good one.
Trump eliminated the Consumer Affairs Bureau, which protected us from price gouging and the price gouging went on a rampage. Biden has been pleading with the MAGA lead House to introduce legislation to address it. That is where the problem lies, Trump allowed business to go to steroidal price gouging, no oversite nor govt. intervention anymore. Biden is the only candidate addressing these issues, but the MAGAS will tell you they are all corrupt, when the ones yelling the most are supporting the corruption.
You are so right. This whole system is centered around borrowing money. I live in los Angeles and the average house is over 800,000 to 1 million. There is no way that someone making 150 000 a year can buy a house in LA. THIS should be a crime😊
It is a crime. Your federal reserve is printing money out of thin air and sticking the people with the inflation bill. That’s called counterfeiting by any other name.
blame the jews
Going to school will make you homeless....working will make you homeless...living in Florida will make you homeless...buying a house will make you homeless...
Dear citizens of the US: If you change nothing, nothing will change. We need to unite and take our country back, rather than continue to sit back and watch it all burn. The choice is OURS.
"Dear Americans, IRS taxes are a fraud."
They will change things soon -- when they start to get legit hungry. Lots of calories to go before thenl
World citizens need to unite. Imagine!
@@Luke-rn3sw But not the will to change it
It’s time to pay the piper…
Sadly middle income is now low income
And they have been warned for decades😮
When the globalist bankers massively counterfeit to currency and send to foreign countries this is the result.
Yep !!!!
💯
Low income is now poverty.
I stopped paying taxes a year ago now and will Continue to stop filing.
Same here brother. I live in my car and I don't file. It's the only way I could save any money what so ever and I save all of it.
@@raminrouchi202hope you fairing well
Admirable.
@@nns-gd1nb once I pay my car off I will be. It's hard now. I have no vices either.
Stop spending money you don't have. It was the best lesson I ever learned from mistakes I've made.
Now, I only have a mortgage. I won't buy anything if I can't buy it with my own money.
I don't even own a credit card, throw it out!
I word two jobs - one pays 125K and the other pays 60/hr and I put in 35 hours a week on average at that job. I am probably heading to bankruptcy and I own absolutely nothing. I have no school debt, no fancy cars, no assets of any sort, I haven't gone on any vacations in a decade. What killed me is medical debt and medical costs that were put on credit cards like medications. My wife needed cancer care and insurance wouldn't approve medications she needed when she needed them. I paid out of pocket and she's alive and in remission and our children had a mother to see them graduate from school. However, it cost me my house, my vehicles, my savings, my 401K, and I'm over 100K in debt. Basically I had to come up with funds or she would die. It is neither exaggeration nor hyperbole to say that it was like a hostage negotiation situation and I had to pay or watch her die in front of me. Unless you've got eight figures in the bank the medical world can destroy you financially so quickly it will take your breath away.
Criminal!! March on DC! Fascism is here now! So scary,heartbreaking!
Praying for you and your family. God please this man and his family!
Glad she is feeling better, you guys will bounce back. Keep your head up
Im gonna pray good fortune comes your way. It cant hurt and who knows. I believe prayer has power.
THE MEDICAL MAFIA is terror, you really just said it so well what happens, are you even aware of what they do???? you have to pay them everything you have to stay alive.
ALSO, what type of cancer did your wife have if I may ask? breast cancer is from the iphones, and cancer in general in younger people is from the iphone.
I make 60k a year and I have completely given up on ever being able to afford a house. I will just continue to work and live in my apartment until I get priced out of living in an apartment and then become homeless. Homeless at 60k a year what a joke!!!
Забавно)
Я то уже давно бездомный)
Я тут прикинул, у меня где то в год 8000 долларов выходит, ну может 10000, не больше. )
Быть бездомным это плохо. Но соответственно и расходов таких нет. Благо что медицина у нас во многом бесплатная и дешёвая. В жизни не брал кредитов. И никому ничего не должен. Есть крыша над головой, бесплатное электричество, тепло, вода, интернет, работа рядом. Пусть всего 600-900 долларов в месяц, но и не нужно убиваться на работе за лишнюю сотню долларов.
Жизнь коротка.
How tf you making 60k and still can’t afford a house? Are homes 1 million where you live? There is something you’re lying about
From VT here - thats just about what a lot of houses cost on what would be considered "desirable" land. Even a shitty house here is probably like 80-100k (if you're lucky and okay with a fixer-upper)
Plenty of places you can get a nice $250k house for $2k a month. Rent a room out for $800-$1000 or even 2 rooms. That's what I see some people doing. 2 rooms rented almost covers the mortgage and other people are paying it for you.
@@PointsOnly You just told this guy that if he wants to be able to buy a home, he needs to rent two bedrooms out. Do you not understand how insane you sound? THAT'S WORSE THAN LIVING IN AN APARTMENT. PEOPLE BUY HOMES FOR PRIVACY.
You mention healthcare. Here in small town Utah 80% of my patients are newly arrived from the southern border. Zero english, mostly Hondurans, Venezuelans and Mexicans. They are quite sick and use the ER as their primary healthcare. The cost of this must be massive. I wonder who is paying for them?
This is a depression when the elderly can’t afford to Eat anymore
The elderly are the entire problem. If we gutted social security and Medicare we'd drastically dent inflation because combined they're 50% of all Federal spending. In 2024 dollars Boomers paid about $130k into social security over their working years, but they'll receive $360k in payouts before they expire. This makes the average Boomer a $230k leech...and that's just social security. It's the biggest scam and wealth transfer in the history of the world, and it's going to the generation that is already the wealthiest ever.
THAT'S the problem: government spending to pay Boomers.
People went to war to fight like 5% taxation, now people pay roughly 30% income tax PLUS taxes on all of their purchases and property. We failed ourselves by letting taxes increase.
Remember that when you retire your social security will also be taxed income. Sickening.
That’s why the only things I invest in are silver, gold, seeds, lead and myself. Won’t get rich over night, but you can sleep at night.
We can spend our money where WE decide to. We already pay well over 50% of our income in taxes and use fees when you look at all of the ways they hit us. Unavoidable 22% federal income tax for many people and more for some, 15% payroll tax (medicaid, medicare, unemployment insurance, social security insurance), 7% sales tax when you buy anything, 5% state income tax, $4,000 plus per year in property tax, gas tax, tags, title, registration, food tax, tire disposal fees, utility taxes, TSA fees are more than some plane fares, mandatory insurance for cars and health and a long list of other types, hunting and fishing fees for licenses, driver's license fees, trade licenses to work. Everything else you buy has been inflated and costs more because those manufacturers, transporters and widget processors are being tapped too so of course they have to charge you to cover their bills. On and on. Cease and desist with government imposed burdens. People over 60 should be exempt from income taxes altogether. End some of the government services and spending instead of thinking up new ways to tax us for more government services. Once one service is created we should end 2 or 3 old ones. Especially the policy allowing social security recipients to adopt their own grandkids to get an additional 50% of their retirement per month. That's right. Straight from a Social Security reps mouth, $1k plus extra per month for the child. May as well give a universal basic income like the communists in CA and NYC want. A scroll as long as the Jordan river with more such tricks. Now do you still ask why the USA is $35T in debt? Some will say only a 30% tax burden. ONLY? Who in congress will stop the spending?
Not to mention America is the only country that taxes citizens outside of their country
No... They went to war to fight taxation WITHOUT representation. We, the idiots keep voting for the uniparty and expect different results.
The one guy I work with said and I quote "why bother because it doesn't matter whether I do the right thing or the wrong thing, the outcome is the same". When normally moral and ethical people start speaking and acting this way we are in big trouble people!!
Since 1913
Agree 💯💯.
@@spaceindian3769 I agree. The Federal Reserve Act of 1913 then the nail in the coffin was the removal of the gold standard in the 70's!
@@thearch1tect249. Two days before Christmas when the majority of Congress wasn’t even in DC. Wilson regretted his decision later but at that point it was to late.
Systemic economic failure, there becomes no point to the system other than failure & a small collective profit from that failure
People are using their plastic to maintain their consumption addiction! Working at Lowe’s I see people using multiple cards to purchase common items! It is bad !
I worked in a grocery store for about 9 months. I saw people split their grocery tabs between cash and two credit cards. I felt bad for them.
This country is circling the drain right about now...
I just lost a co-worker a couple of days ago due to the high rise of my job insurance premiums. He didnt enroll this past year cause he needed the extra money for bills. He rode a bicycle everyday to work. To save money. He fell off his bicycle about a week ago and hit his head. Didnt tell anyone. Few days later went to sleep and never woke up. He was only in his early 50's. His death could've been prevented easily. In trying to save more money to pay for the cost of living. It ended up costing him his life.
That is so sad 😢
I'm so sorry. That is heart-breaking...
Wow , how’s your boss feel for not offering health insurance in the pay package
@genevandyke4088 I don't know. We have open enrollment every November. But I insurance is trash. But like I said in my OP my co worker needed the money more
It’s so sad, it’s happening to more and more people
"Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don't need to impress people we don't like." - T.Durden (Chuck Palanhiuk)
not me
LOL Like we can afford cars and clothes!
@@Squidbush8563 Look on the bright side we got enough to fund conflicts for countries who have been at war for centuries.
It’s all just lip service. They know very well what’s going down. All by design.
In Tyler we trust!
I own a small online retail business. I have seen sales plummet over the past 5 months. I saw a temporary spike after tax time, and it's absolutely crashed since. I have been slashing prices to try and drive sales, but the margins are getting so razor thin. I really don't know what to do. I lost EVERYTHING because of covid, and when they forcibly closed my business. I pivoted the best I could. I literally am at a loss of what I will do if I lose everything again.
Not because of me, I have zero debt 🤷♀This happens in a lot of countries. People want to live like they are rich while being poor and spent loads of money they don't have in things they don't need.
"you will own nothing and you will be happy about it"
this is exactly what they want to be happening
I tell you what I’m not happy!
we will also eat bugs
Don't forget the other part - You will eat bugs too.
The wealthy will own nothing and be scared when shit hits the fan
Indeed. Instead of lifting the 3rd world nations up for universal "equity", destroying 1st world nations intentionally turning them into 3rd world nation status. Plan nearly complete.
Never confuse having credit with actually having money.
It’s only been weeks
This is exactly true. The word "credit" when it comes to credit cards is a bit of a misnomer. It is not credit at all. Credit is money in the bank. A 'credit' card is a license to go into debt. Knowing this alone about credit cards has allowed me to own one with an 11k limit for the past 10 years, and keep the balance at zero even to this day. The trick is to never make large purchases without having the cash on hand to pay the balance. Yes, that means I'm renting my home. But, today, I am 100% debt free and I own everything in my possession, including 2 vehicles and an RV.
Yes! I like being a deadbeat. In the credit card industry, a deadbeat is a person that pays off their balance each month.
@@randymillhouse791 My credit card company hates me. They went so far as to call me reckless when I was on the phone with them a few years back, because I keep paying off my debt each month. They even scolded me for NOT owing them money! 😆
Im 28 i buy everything on credit... my credit score is 800. I was homeless at 18.... my house im paying less than 2 percent interest on. Timing and paying what you bought helps.... mmy credit card im guessing reward me close to 1k a year in points. @@Mushamman
Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $400k in stocks. However, I'm uncertain about how to minimize potential risks.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
@@SeanTalkoff Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
My CFA ’’ Vivian Carol Gioia, 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..!
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
Median income is 36 per hour? Minimum wage is 13.73.... and not one job at a retail store, resturaunt, school, gas station, or repair shop pays 36/hr "median". So everything we use and buy is underpaying staff.
That Would Be an understatement.. $19 to 10,000 by myself in a restaurants Do not go out to eat it's not what it seems yuk i'm no longer a cook gross and I was also hood cleaner restaurants are never clean in the kitchen just like a polished Turd .....Be safe on where you eat God BLESS COOK AT HOME TO BE SAFE IT IS JUST PROFIT THATS IT THEY WILL FEED ANYTHING TO ANYONE ....
Pre pandemic, 60k was enough. Currently, 130k is bare minimum living. 🤦♂️
He said to buy a house... renting is much cheaper and has only gone up 10% since pre pandemic.
@@nickt6980 Not here in the Wonderful Land of Oz! Both house prices AND rents are rising steeply here!
Nah 130k is plenty even with a kid lol
@@nickt6980 wymmmmmm renting is def not as cheap as it seem especially when you're renting a "luxury" apartment.
khm. a "regular person" who, like my daughter, works in a doctors office as a receptionist makes $17/hr!!!!!! and thats average for her job. it is NOWHERE NEAR 60k/YEAR. its $35,360 ...AND THATS HOW 80% of the population lives in the US RIGHT NOW!!!
As a US citizen, I’m sick and disgusted by my own country and radical change is coming soon… we all feel it
Well the gov is prepping the migrants to take your place and giving people with no work history or money first time home buyer loans
Look further afield, the white western world is all suffering the exact same thing. We all need to get the likes of soros OUT of world politics. We are all disgusted with our governments. Its not your country, its a tiny percentage who we all disgusted by.
Yeah... The change your lives are going to undertake without resistance.
LOL. America's over. We're done.
Plus, 9-11 was an inside job.
It's called corporate greed. Because America is so monopolized in so many industries there's nothing stopping these corporations.
No, it's government spending. Literally 50% of government spending is social security + Medicare. The average Boomer will put $130k into social security, in 2024 dollars, over their working years, but will withdraw $360k over their retirement years. That's a deficit of $230,000 per person that gets paid with printed dollars and added to the debt...to give the already wealthiest generation in the history of the planet even more money. And that's just social security.
That's the problem.
It stems from government and taxes obviously when the perfect example of capitalism was in office the economy was great and now the dems are in charge and now all the sudden the company’s decided to be greedy? They took advantage of the shitty policies the dems layed out for them but sure continue to blame capitalism the dems could never do wrong…
Ive given up drinking, given up smoking, sold my car and just use the work truck. Cutting everything to the bone and we just get by. Inflation has been 25% easily the last 12 months on everything.
Shout out to all the people who grew up poor and knew exactly what to do right now.
Live frugally....that was our unspoken motto...
If you don't have the money, don't borrow it...
Why? I've living fine, yeah things went up *shrug*
@@Meekerextreme Hardship is coming for you too, it's coming for everyone in the U.S.
@@Meekerextreme good for you… i think im “fine” too.. but MOST people arent
First mistake! Sending our jobs overseas with NAFTA! Second telling everyone they need college! Our parents got wealthy by working in Mills, factories and owning businesses. Now its all made in China. Now all those empty factories that our parents worked are closed. Now we outsource jobs to India! Yeah that's why. Everyone wants a sit on your ass job and those are overseas now too! Thank all the CEO's and Government! My dad got his wealth with a 11th graded education. He was a plant manager in a textile mill for 30 years and started out as a floor mechanic. He spent his entire life working for the same company and retired very well off with a nice paid for home, owned two 40ft boats on the lake, owned land etc... We sent all that overseas to save money for the CEO's.
It's not just CEOs it's the shareholders too. The stock market is totally overvalued.
I went to college, then went to law school. I make 7 figures now and used on-line courses to become an entrepreneur. I don’t use anything I learned at university.
The North American Free Trade Agreement sent our jobs overseas? No. Maybe you should look that up. Anyway, they were already doing that long before NAFTA.
💯
@@user-km6xc9nm2w Yeah but in my area after it passed all the machines shops closed due to so many going to Mexico! I know Talon moved soon as it passed and closed. I worked there. I went back to school paid for due to NAFTA for 2 years. So it did cause a lot to leave. I guess Mexico is not overseas.... :)
I started a business in 2019 and it blew up right away. 2020-2021 were crazy good! Started another biz (fashion) last year and it has been a huge struggle to get sales. Even putting items on sale so steeply I merely break even isn’t enough. My customers are generally high income women. Everyone is struggling and cutting back at this point. I have been trying to get info about the economy to figure out what is going on and all I ever see is how GREAT we are doing. Thank you for your honesty!
I agree with you! We are in Big Trouble!
People can barely afford their rent and there are people like the government outside saying things like: The economy is doing great and was never better before then now!"
Yeah, that’s why the US is borrowing and spending $1 trillion every 100 days and getting 1.6% GDP growth. Because the economy has never been better. 😂
All they have left are w ars with leading economic competitors.
Before the em pire collapses.
Well yeah, they are all millionaires and they work for billionaires.
the problem is, if you rent, you will always struggle. i'd rather sleep in a cargo van or live with my parents than pay rent
Yeah, gaslighting for sure
I never stopped working, never got a jab, never wore a mask, never counted on the government. I did great in the Trump years, a little worse in the past 3 years with Biden. BUt I am still getting ahead, because I keep working. I keep improving my land, house, career, body....every day I try to do something in a positive direction. People like me will always be ok, however, we are SICK of being taken advantage of.
Same
Me too same here
Yup
I wish I could have worked. Here in Canada we were forced closed for 8 months. My business suffered as I still had $3800 per month expenses, no income.
I took a government loan but took 2 years to pay over half back. Now I pay interest and taxes here are nuts. Our gov is killing us here. I was middle class, now more debt than I can keep up with. I'm legit scared here. Ca Ada is blowing money like crazy, but ignoring our own issues. 80k here with kids and renting. Taking it down to paycheck by paycheck and side hustles :(
You’re not listening. No you won’t.
Just a word of advice. My parents didn't pay their taxes for one quarter in 1984. In 1995 the IRS came and took the house everything in it and their cars. They don't care that Dad fell off a roof and was hospitalized then. 8 people homeless. Pay your bills it's one thing that follows you forever! If your truly broke sell your shit fast so you can walk away with something.
The system is working as intended and needs to be taken down. Workers of the world! Unite!
We are living in the absolute biggest “I told you so” moment ever.
And what is the “I told you so” because Trump is the main reason the middle class is suffering right now if that’s your insinuation
@@marcgranger4786 Trump hasn't been president for nearly 4 years. Try again. This current administration is printing money and lowering the value of the dollar at unprecedented rates to keep a war going that doesn't involve us whatsoever. Open your eyes. This current problem has everything to do with the current government spending us into oblivion.
@@marcgranger4786wisdom never caught up you, you’re still outrunning it by far.
@@marcgranger4786 krinkle krumpf didnt do all this. we've been on the bad track since ww2
@@marcgranger4786too much CNN and MSNBC will rot your brain.
The more we don't fight corruption,
the more we deserve the outcome.
For freedom to flourish, vigilance must remain at all time highs. Always.
Remember,corruption starts at the top, Ukraine, making foreign countries VERY RICH, is like the money laundering they try to accuse us minions of,when in reality we don't have enough to live on,never mind play their games with. Why are Americans paying for all these foreign governments to retire in comfort,when their own people are starving,freezing, being thrown out of their own homes to make way for unwanted foreign thugs to take over. Because the plan is to destroy America,which your government is doing at an amazingly terrifying rate. Time for change, not only in America,but throughout to Western civilised world,where keeping Christian values MUST keep all the Eastern religious groups at bay, they are in our country, not the other way round, they have their own country to return to,we don't. THIS I S OUR HOME AND OUR CHRISTIAN COUNTRY AND WORTH KEEPING CHRISTIAN FOR EVER. The Billions upon Billions of our money needs to be spent on our people , NOT FOREIGNERS, LEECHING off us.
I thought 2008 was going to pop it off but Americans weren't aware of what was happening. Heck, I didn't know until a couple yrs later after losing my house and car and job. Everyone that lost were embarrassed and didn't talk about their experience until yrs later when they also figured out the wider issue. More are aware now and I hope when it all starts to affect more people, we will have an army to fight back this time
@@ManiacalManiacshould've already happened as far as I'm concerned!
Very overdue!
And your plan is???
Just watched the movie, THE BIG SHORT, about the 2008 Mortgage Crisis. The same happened then, delinquencies in payments.
The extremely high interest rates on the credit cards is what’s killing a lot of people!
Only a fool would believe the Govt at this point
Yep specially this adminstration but there's still a lot of them out there those that vote for that person sleeping in the crackhouse.
Only a fool would believe the government since the 1980’s. Only a fool would fall for the tribal, red vs blue bs. The government has been run by corporations for a long time now. Every decade, more of our money gets sent to the richest people that need it the least. Then they sit back and laugh while we blame each other instead of them.
Until their guy gets elected then sadly they start to trust the government :(
@@walkingwithstarz935 this one is bad but we can't just start trusting the government because d is out and r is in. They are one in the same and need to both go.
Both parties shut the economy down and both bailout the banks ect.
I live in Tampa, Florida. My homeowner's insurance was $2400 in 2023 but increased to $6600 in February. That new price (plus the increase in property taxes in 2024) caused a shortage, pushing my mortgage from $2485 to $3328 monthly. Our mortgage was $2145 when we bought this house in 2017. To add more salt to our wound, GEICO increased our auto insurance by $400 extra per month because our teenage son had to be added. Our monthly bills increased by $1600+ dollars; we are not okay...
Insane.
I was forced to refinance because of an escrow shortage. The bank sent a letter stating that my mortgage would go up $700 per month. The bank made me jump through hoops to refi..more paperwork than when I bought the damn place. They want me to lose the place so they can cash in on my equity. My house is in a place where gentrification is rampant and while I appreciate the neighborhood changing for the better, the taxes and insurance has been rising as a result.
They say in about 70 or so years Florida will be in the ocean anyways so start getting the hell out of there.
@@boysheartgirlsDon't believe the climate change propaganda, they've been lying about ocean level rise for decades now
Same here. In clearwater, and my insurance was 1600 when I got the house in 2019, and it's gone up to 4700 now. Had to switch companies because my old one tried to go to 6900, but my mortgage has gone from 1400 to 2400.
Thank you for telling the damn TRUTH. Regardless of how people DONT WANT TO ADMIT IT.
My homeowners has multiplied times five in the last five years here in Florida… It’s getting to a point where the insurance is as much as the payment on the home itself for many many people
An old saying still holds true... "Don't try to keep up up with The Joneses... The Joneses ARE BROKE!"
Wrong. The "wealthy" are not broke.
@@DIVISIONINCISIONThe Joneses are most likely in debt.
People that keep up with the Joneses fail to check if Joneses are idiots
@DIVISIONINCISION There's the Joneses then there's Rockefellers.
My goal has always been to keep ahead of tbe Joneses. So far it's working.
Again... Keep things in perspective.. Its like water creeping up. The short people drown first... And so on and so forth. Fortunately, I'm taller than 99% of people.
Our rent just went up. We can’t afford gas. Can’t afford food. Credit cards are being paid at the bare minimum amount. Friends are losing their houses. We have gotten to the point where it’s gas or food. Never in my life did I foresee this.
I never had wife or kids. I saw it coming
Thank god I have rich parents. They are clueless what’s happening around them.
You are not alone. Most of the nation is going through this.
We will be ready for an American Caesar before too long. They'll try to suppress him, but I don't think that's going to work. Might be a year from now. Might be 5. But in these times, someone always rises.
Bro let’s hope your parents don’t need assisted living They will lose all with that.
And you see why gen z are pissed
I work with about 40 suppliers for my company. On every visit I make to them, I ask them about hiring and who they are hiring. A year ago, all were hiring and couldn't find qualified candidates. Almost none are hiring now and shrinking staffs through attrition. None laying off, yet, but you can see a shift happening.
I stopped paying attention for a long time ago about what the government says is the economy is fine. They dont know what it is. They getting fed that information from spreadsheets
“You will own nothing”
The WEF
and be happy. WEF.
Bingo
We don't own anything anyway, we are only stewards of the things we think we own.
IF YOUR PARENTS DIDNT DO WHAT THEY WERE SUPPOSED TO THEN YES. OBIVIOUSLY IF YOU DID SOMETHING 10 YEARS BACK YOUD BE GOOD NOW, DEPENDING ON YOUR AGE AS WELL.
And many politicians are in line with the WEF. Even Republicans.
Governments have been making us poorer for years!
50% goes to taxes
making the people poor is the only thing gov't can do. It hasn't been years.... It's been centuries and millennia.
Decades* arguably over a century
You mean the rich. They make it harder for the poor to get financially better
I made more money every years that I worked. Now on pension that grows automatically by 2% every year and SS thats been going up like crazy, I feel its safe to say that I for one am not poorer every year. Just a bit over 90K this year in pension and SS. I'm sure a lot of rich people are actually a whole new level of richer this year.
Everybody stop paying bills!! What’s the worst that could happen?
I like the fact that you said all of that and presented your analysis off the cuff, no script. The scenery was nice too, great video.
I'm a carpenter and I've only been getting calls for repairs and smaller projects of $10k or less. It was just like this after the crash of 08, only this is before the crash. People are broke. I can't imagine how bad things will be this time around.
In 2008 we advertised to work for about a dollar earn hour less than anyone else just to keep working.
@@Joce123 I certainly worked for less too. I also mowed lawns and sold firewood to make ends meet. It was rough for a while.
At least you're still getting calls. I hung up my tool belt last year.
Our economy is already toast. We're at the point in Monopoly that the banks are writing IOUs in lieu of the fake money, they used to replace the fake money.
It's a house of cards at best.
I plan to get my place remodeled next year with cash.
Custom kitchen cabinets among other things.
I felt like middle class before lockdown. Now I feel like my car might be a nice apartment.
I felt rich with a path to early retirement.. now feel homeless 😐
This is so heartbreaking, I'm seeing more of this in Southern California. Our Country has been infatuated for so many years by folks who don't care. Ugggg
I can live comfortably in my customized van ! 😂
We made the decision to travel the country and live out our Subaru with an attachable tent. So tired of being in one spot and struggling to make ends meet. I’m 62 and gonna make the most out of the rest of my life without all the bullshit.
@@RichieDadams good on ya .. are you living off savings?
Well said Michael, you are spot-on. I agree 100% with what you said!
Love this channel dude , love the realistic perspective with out the fluff 👍🏾👍🏾👍🏾👌🏾👌🏾👌🏾
My Wife is a Professional violinist and plays at weddings, parties, private events etc.
They just passed a bill here in South Carolina, not sure if it’s gone nationwide yet but this one is a sign of what’s coming.
A 15% entertainment tax now.
musicians now have to have this legally deducted from there pay check on the spot. No more 1099s being handed out come tax time.
And 15% is a ridiculous amount. After she takes out her gas, parking, food, for a three hour gig at a wedding. She’s now left with about $70. America is going backwards.
Where’s the incentive to work anymore? We have out of control inflation.
Totally unaffordable housing.
You have to be living on another planet or multi millionaire if you can’t see or feel what’s happening here!
Cash only f them
Absolutely I agree. But when shes contracted out, she gets paid by check minus the 15%
“Entertainment” Tax.
work 15 percent more peasant, the gubbermint needs more money for surveillance.
That's Ridiculous.
More Americans need to move out of the country where life is more affordable! It's that simple. Do you know how many Californians live across the border in Mexico? A lot! How many East Coast people are moving to the Dominican Republic? I would guess quite a few. Living in South Carolina is not your only opton.
I am a barber in a blue-collar neighborhood. People are getting their hair cut less frequently, tipping less or not at all, and credit card use over cash has almost doubled in two years. People wait until they get a paycheck to get a haircut. More senior men are unable to make ends meet.
could you stay competitive (keep rates low) if you worked out of a box truck instead of a brick-&-mortal place? Just wondering. we have a dog groomer in my area who is mobile, she has a regular route....
Ever since the pandemic, when people couldn't even go to the barber, I learned how to cut my own hair. I suppose many people did the same thing. Haven't gone to a barber since.
Haven't been to a barber in 15 years set the sheer on #1 once a month
Been cutting my own hair for years. I cant imagine having luxury money for something like a haircut.
True. My wife cuts my hair now. Not as good as you pros are but damn close and I can live with it.
Hey Michael, thank you f9r the info. I'm feeling it too
You are spot on brother- 100% on all points
If we as a society lived on real money and not borrowed money - the entire country would be completely different.
In the 50s women stayed home. One car. No internet, cable, video games. Women cooked. Clothes were passed down through the kids. There was one telephone. If you didn’t gave the money you didn’t buy it. I think the country is headed back in that direction
If wishes were horses, beggars would ride.
@@laurijohnson7754 in the 50s you could survive off the man’s income alone now that women want to be men and want 50/50 it’s not possible for the majority because instead of paying a man 30$/hr they can hire Jim & Jan for 15$/hr each while strangers watch and indoctrinate the kids with nonsense… I’m 23 and believe things will only get worse the parenting has gotten worse every decade
@@laurijohnson7754 I don't think so because CREDIT looks like it is here to stay.
Honestly even the corrupt fiat FED system could have worked a lot better if the FED and Federal Government weren't entirely reckless.. The 10 year UST should have NEVER been under 4%... if that rule was followed things would be 1000x different today, even while still operating under a dirty central banking system.
I'm 61, still working full time, started living in my van 2 years ago.
Prove it
Man that’s…if it’s forced that horrible.
61 working your entire life and if that’s not by choice that proves the system is broken. Globally.
You’re doing great though. Stay safe and warm…
@@GalicHoHyabusa this man wont prove his statement
Van? One of those fancy ones?
I used to live in a car and miss it so much. I am now in a large house and pretty sure I spend hours cleaning and walking back and forth 🫥
My guides told me to offload my fl house last year, thank you Goddesses!
Thank you "chosen people"
They don't care about people being in debt until they can't pay their bills.
Exactly
Then they go to jail and become government slaves!
I’ve even seen a semi run over another car the other day:( he was a dad with two young girls
I lived in Riverview Florida for 5 years. Am a widower. Was working 65-70 hours a week. Mortgage went from $1800 to $2200 a month. Major increase in home insurance. Moved to Arkansas. Have a beautiful home. Am working 36 hours a week. Much happier.
Great to hear someone doing better in all this mess 🎉
Good to hear your loving NWA! I immigrated here in 2001 from Canada!
We do Utilites and earthwork in NWA and show behind the scenes on our channel!
How is the climate, jobs in Arkansas, seriously. Never thought of that as a relocation destination as a lifelong Floridian.
I live in Florida and the avg rent for an apartment is now $1500-$2100 a month.
Move to Moscow, Russia! Won't need to pay near as much with all conveniences and free high-tech healthcare...
Thank you for telling the truth ❤
Love the video. Just one thing to note. Most places are trying to move to JIT inventory management. Just in time. That way they dont sink money into holding product and cutting waste and labor etc.
Cars were never supposed to be this expensive. 45 k?? $700.00 car payment? No wonder no one has savings anymore.
And that’s average priced cars. Nice trucks are $100,000 these days.
I have only bought one brand new vehicle in my life. Never again. My newest now is 9 years old and paid for!!
@@blackhogdown295 You’re smart not to buy new. At these prices. It’s a fools game. I have a paid off bought new 2008 model with 100k miles. I thought about buying a newer model before the pandemic. But I punched the numbers and even then thought they were too much and decided not to. Best decision ever. I live in Burbank near a blvd of shops with all the things I need. So I can walk to most places. Thank god, because gas here is now averaging $5.39 a gallon. Inflation and costs to just maintain and insure a car are up. I used to go to the car wash once a week. Pre pandemic it was $8.99 early bird special. Today that same car wash is $23.00, not including a tip. Ridiculous. So I wash at home now. I eat at home now too. Last week my breakfast place upped their menu prices yet again within 3 months. $19.59 for a plate of two eggs two bacon, hash browns and toast. Not including coffee. That’s like $3 for each item. I’m not paying $3.00 for an egg plus 10 percent sales tax and leaving a 15 percent tip. Sorry for the rant. It’s time to save money and stop making others wealthy playing their games our money. Be well👍
@@blackhogdown295 never buy NEW, I got a 9 year old Benz that was better than new because it LOOKS better than the new ones, new does not mean anything other than GARBAGE to me. I would say 90 percent of new car buyers can not afford them.
Reason that being look all the ridiculous crap there putting in them basically putting a lot of stuff to comfort people like all you need the vehicle for is to get to point A-B why add all the extra tech just to up the price they know exactly what there doing I can keep going on but I’m get a headache 🥴
When I hear this, I think of the phrase that keeps coming up…
“You’ll own nothing and be happy”
All of this is no accident.
Facts. It’s what they want, this is a deliberate destruction.
Love this information! Thanks for sharing. I subscribed. Keep making the videos. Most folks are too ignorant to watch stuff like this.
Yes, many people are spending money they don't have to buy things they don't need!
Daily reminder there's one difference between government and ordinary people: Both can print fake $ if they get their hands on a money printer, but only one will go to jail for it.
yup
Whoever invented the credit card never imagined in their wildest dreams that a buy now pay later assault on the consumer could be worth 1.2 trillion. Thats pure genius
They knew what they were inventing. Gold is the money of kings, silver is the money of gentlemen, bartering is the money of peasants and debt is the money of slaves.
I love credit cards and all of those cash back dollars.
The travesty is being able to charge 21%+ interest without being thrown in jail for usury.
They never knew how many jobs would be created to service the credit card industry.
It has been a game Chander.
Edit..changer
In Portugal where I live they pay flat 1000$-1300$ net for most jobs, but a room in a shared flat costs you 500$-600$ alone, food 300$ what about bills? antidepressants sold out here for months. Got called by 10 recruiters this week, so they need employees, yet they don’t wanna pay a living wage. Same situation in most of European countries. Housing prices went up 150-300% just in 10 years and salaries remained the same, how do you want us to have children?
They don't care about your loved ones, only their own. I have always known that.
Thank you for the updates 👍🏾
I got into bad CC debt 15 years ago. Paid it off and never have had a CC since. If I don’t have cash or money in the bank, I don’t buy it. The only thing I have financed now is my house, cars are all paid cash for and I live a very minimalist life. Not being married is probably my greatest money saver lol, I only have to worry about myself and my kid. I bought into the instant gratification lifestyle and paid the price, but I learned my lesson. I’m not rich, but I have enough money in the bank to cover major emergencies and I’m in an industry where I’ll most likely never be out of work. I just want enough to live and one day move off grid and live in the middle of nowhere. Too much instant gratification and entitlement in today’s society. Live simply.
Thank you! And I'm glad there are still people like you in our society because most Americans are absolutely destructive when handling money.
EXACTLY! I have a LOT I consider luxuries. I save about $250/month by just slashing internet and cable, and another $200 by having no makeup, fancy hair or nails, expensive clothing. I need to buy new tires-not eat out and get dolled up.
It is not bad. I use cc for bonuses and then close them. I fly internationally 2-3 times a year completely free. It depends how you use it lol
@@viacheslavfedunov111yes, of course it depends on how you use it ! If you have the expenses & cash to spend on the card, then of course the rewards will come. Probably not for someone who only spends $100 a week in groceries At Walmart …..😮
sounds like you're in hospitality
It’s about time. Stop paying everything. Make the system collapse
👏🏿👏🏿👏🏿🎤
And perform the coomeralltism
I gotta pay my car payment
@@Xslices no you don't
Stop having kids also. I always say. Kids will only grow up to a twisted system of debt and tax corruption. It will be harder on them
Well worded and well thought out brother
I’m new here. Thank you for your insight I appreciate you.
The only thing keeping us from realizing we are in a depression, not a recession, is the credit sources available to private citizens.
Well said. That and the fact that there’s a few bubbles that haven’t caught up to the 95% of metrics showing we are in a depression
And now we see the car title loan shops, advance America loans, super high interest rates on CC interest 30%???
A recession is when your neighbor is out of work - A depression is when your out of work..
I'm 65 and live off 1600.00 per month in NY state. It's so scary. I stopped paying all credit cards. I simply can't. Now I'm about 10,000 in debt.
I'm afraid to do anything. I feel frozen in fear and poverty. Am afraid to drive too much/far fearing something might break with no money for repairs.
Food costs is unbelievable.
This is a nightmare. And this is NOT the same country I grew up in. Something has got to give soon...........
65 is not that old. Why aren't you working? At least part time. Would make your life so much easier.
@@flower2289 I'm 65 and w0rk 3 part time jobs,if he could pull in another 100-150 a week it would make the difference.
chapter 7 bankrupcy,i did it back in 09
Get more credit cards rack them up file bankruptcy
@@Whatever45302 Funny you mentioned that. My mailbox has either over-due CC bills, debt collectors and MORE credit card offers. It's insane.
But I couldn't in good conscience deliberately 'borrow' more knowing I couldn't pay it back. I'm not wired like that.
I need to know none of this is MY fault. I was good until this government went rogue.
In the UK not paying your bills equals going to jail , I don’t know how people can stop paying their bills in other countries but here in the UK you get one reminder and the next letter is from endorsement agencies such as courts and eviction notice followed by getting evicted .
I learned more in this video from Michael than I did in an entire year watching the news. Thanks for the information. New subscriber.
I’m a good example of why people have become blase’ about paying bills. I was religious about paying my bills on time. I checked my credit report and it had fallen from 815 to 635. Someone was using my identity to open utility accounts, and defaulting on bills. For 2 years, I did everything I was told to do to correct the situation, including freezing my credit. My credit has only risen to 678. Meanwhile, my friend, who has had a foreclosure, several repops on vehicles, and many thousands of dollars of unpaid credit card bills, has managed to raise his credit score up to the middle 700s. Why should I bother?
Yeah, see how that works?
And It's absolutely amazing how so many here are still praising credit cards
Their Kool-aid intoxication hasn't worn off, yet...
We are paying off all our debt and closing credit cards. Not worth it.. It's hard work in this economy but God says pay all your debtors so that's exactly what we are going to do.
Credit scores are bullshit
@@vanculpepper6428 I don't disagree
I did the same thing, paid bills on time, didn't use a credit card in a long time, they lower the credit limit amount, and my credit took a hit for that, my score took a dive. They want you in debt to make money on their interest rates, and if you don't owe anybody, they tell you you don't have a credit history. Experian and credit card companies are in cahoots.
I believe it. This country is on a downward spiral. 😕
You believe right! All by design! Your government is deliberately crashing the economy. That is why there was a tampa drill by the military. Once the economy crashes, chaos will ensue and crime etc. Prepare
Yep since the 80s
What you expect? USA spend over $700 billions dollars a year on Military stuff and found out that they way behind in Artillery shells. USA in a debt of 30 trillion dollars now.
The world is bcs we are all a part of a system that is made to go down. People are in debt,countries are in debt and the system relies on debt...only way out is a complete new system,but those who profit out of this one will never agree
Especially since January of 21
I've been expecting this for about 10 years now, and in truth it has been slowly developing over that entire period. There is going to be an ever-increasing collapse in consumer spending. Quite simply because consumers have nothing left to spend. Companies are doing massive layoffs which only makes the problem worse, and the longer it continues the higher up the income distribution the infection spreads.
Yes, and "All Great Nation's fall from within". Read some History, it might help.