According to the International Monetary Fund (IMF) the US is on a collision course with disaster if our government keeps spending the way it is. They say that if we continue down this road, we will no longer have fiscal stability and that's a big problem considering the United States holds the privilege as having a dollar being the global reserve currency. Our bad behavior can up and the entire global economy, if we keep this up.
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New Construction SURPRISE! Property Taxes EXPLODE AFTER PURCHASE! kzhead.info/sun/esenp6qLn5Fonac/bejne.html
Calm down mr borderno, you make it out were heading in the same direction as 1927 ... ya conspiracy told you so guy in the market. 👍
Did the BLM riots or the rampant allowed theft contribute to inflation and insurance rates 🤔Cannot be fully transparent due to cancellation risks...
Please do continue with the doom & gloom sir. Ignoring the problems doesn't make them go away. Also, Palm Coast is a shithole and St. Augustine is way too crowded for how bad the roads are here. Carry on!
I would love to know how you believe that raising interest rates cools off inflation? How exactly does giving people, that already have money, more money cause inflation to slow down? Interest rates only have an effect on the cost of things. When you raise rates, you raise the cost of everything. That is not a deflationary action. The Ukraine war has had an impact on inflation because Ukraine has been targeting oil refineries to prevent Russia from selling oil and fuel to fund the war is waging on Ukraine. India finally quit buying oil from Russia so they are purchasing out of the same oil supplies that we purchase from. That drives the price up. When oil goes up in price, everything goes up in price.
The guy blocked my comment. But I have to be notified from everyone else 🎉🤡🤡🤡
The S&P 500 moved 8.9% higher in November, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
Off course, but Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@@maryHenokNftKudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
Definitely! All of this happened in less than a year after *Gertrude Margaret Quinto* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.
My house, I live in Amsterdam [europe] , is valued at 600.000 US dollar. My insurance fee is 30 dollar in total... a month! Insurance in the USA is a scam.
@@keyisersozewhat else would he be paying besides insurance?
@@dariodjakovic1600Who tf knows. He could have $1,000 worth of coverage. lol
Yes, but you don't have hurricanes... Big difference.
@@keyisersozei lived in eastern europe we had no property taxes just $100 annual fee that is all.
Similar.. Italy and $60 a month insurance on a 200k property.. and for that one commenter, wrong. It’s full coverage for the total value, including natural disasters and theft. And ZERO property tax.
This "firefighter" guy is a part of the problem. Nobody deserves to have a loan forgiven, EVER. I am also a firefighter, i paid my school by working full-time on an ambulance while going to school full-time to come out without debt. Budget your money, save your money, and stop spending it on stupid shit like boats and new trucks. You dont need it.
I got a fishing kayak over a stupid motor boat.
Very well stated, and wise advice that everyone should follow!
Loan is very convenient and actually safer - one has the money and contract allows option to pay it on moment's notice.
Imagine wanting to be lied to because you dont want to accept reality
Welcome to America.
"I want the truth!" "You can't handle the truth!"
@@762foryou It's actually the doomers who fail to accept reality. They've been predicting impending doom since the national debt was just 1 billion. Kinda like waiting for the rapture
Liberals
I can't imagine wanting to be lied to for any reason. I prefer to always know the truth so that I'm able to make informed decisions in my life. This is just common sense. That's why I was very surprised to find out that most people in this country never want to face the truth unless it's good news. The moment you start talking about anything bad that's happening here, the majority of the people immediately go into denial mode and refuse to talk to you anymore. So I just don't talk to people in this country anymore and I'm moving to a more sane country that like to keep things real and is willing to talk about things in order to hopefully find a way to make things better. Many times that might require that people fight back the people who are trying to rip us off no matter who they are. It's obvious that our government has been hijacked by the rich and this should have every American furious and unacceptable to them. There should be people rioting and protesting in the streets that they will not allow these criminals to do this to them and that they will physically remove these people who are doing these things if they continue down that road. But we are not seeing anything like that which is why these criminals have continued to rob us blind. And the majority of the people don't seem to give a shit about this and they prefer to just not believe that our government is capable of screwing us over like this. They are going to have a very rude awakening eventually and I'm sure they are all going to be pointing fingers at each other when it was the people's fault really for allowing those criminals to take things so far. Why wouldn't these criminals rob us blind when they know that nobody is going to hold them accountable. One thing for sure is that this is not just a reset that the people in this country will be able to accept. These criminals put us in debt for the next 1000 years and that's just the hard reality that nobody wants to accept. So I hope the people will enjoy living in a third-world country because that's going to happen now. The damage is already done and it cant be undone. The only way to undo this is to pay off that debt. Economists all agree that it will take us thousands of years to pay this amount of money back. People have no idea how much a trillion really is. To give you an idea of how much that is, they say that you could stack 1 dollar bills to the moon and back and to the moon again. And before this is over we will be in debt of around 34 trillion dollars. This money can only be paid by the taxes that we pay to our government. And once this economy begins to collapse, there will be millions of people finding out that their banks are now bankrupt and that the dollar will be worth about 3 cents and that they no longer have a job to go to anymore. And there is no way to prevent this from happening any more. The people who stole this money will certainly be long gone from here. The billionaires have been cashing out of their stocks in and purchasing other currencies with that money to prevent them from losing the majority of their wealth. That should be a clear sign that they know this economy will not be saved. Really the best advice I could give anyone in this country today is for them to sell everything while you can even at a loss and find some other country to move to while they still can because that wont be an option for many people in the near future and it will no longer be a safe place for people to live because things are going to get real bad here and its not going to get better in our lifetimes. It doesn't sound real, I know . But that is just the cold reality of this situation and you will never hear them talking about this in the mainstream media. All you will here is lies from them because they are not trying to start a panic.But I can assure that they are only holding that panic back because there is no way to fix this. If there was a way to fix this then there would be people talking about that and I have yet to hear anyone talk about any possible solutions for this situation. People who wanted to be informed with the truth have the luxury of trying to save themselves from what's to come here. People who choose to not want to know will be in for a rude awakening and will find themselves in a very bad situation because they didn't take action before it all collapsed around them. People seem to think that its impossible for our society to self implode and they are very wrong because history shows many examples of great societies that were destroyed and never came back. So history will repeat itself once again because we didn't learn from their mistakes once again.
We’re past the point of no return.
Exactly. There is no stopping the runaway spending. Congress does not have the will.
Way past!
That might make peeps sad!
@@keyisersoze Like how much the USA benefited from the 34 trillion dollars?
I sadly agree. Trillions!!!
Need to do what Warren Buffett suggested and make it so nobody in Congress is eligible for reelection if we don't have a balanced budget.
True!
Right!
warren Buffett is the reason why we are here at this point. One of the many.
Warren Buffett is also a hypocrite. He talks about how we need tax reform because he pays a lower rate than his secretary due to loopholes but no one is forcing him to take the loopholes.
Good luck. 2 trillion a year overspend. Try cutting it quickly and everyone gets wiped out. It will take a 50 year plan.
In 1982, I ran for the state legislature as a Libertarian. Debt had reached $1,000,000,000,000. I told people that this was not going to end well. No one wanted to hear it.
And they still don't
@@MrGunlover12 and they're right. The national debt makes up peoples savings and assets. Getting rid of it would make people worse off
@@grimaffiliations3671 well, you can't fix a leak by just wiping up the oil from the floor. The debt is no solution for a broken monetary system, that is fiat. To fix the problem you have to backup your money against something of real value. Not a promise of worth by a government that then prints the h*ll out of the value. They are even public with breaking that promise 🤣
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?
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 ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
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.
Our country is in deep trouble. Very tough times ahead.
Not sure...they may kick the can down the road. No super power has risen to take our place yet so for now NY is still the financial center of the world still. The USD is still the currency of choice, and NY is still the port of call of bright lights and big city dreams. In the 1800s it was the UK, in the 1600s it was Amsterdam. Everyone expected China to be the new standard but that didn't happen so it's up in the air and this current administration isn't above lying cheating or stealing
The Great Depression is going to look like a vacation at Club Med.
The ending of the movie runaway train is what I see where all this is going 😅😂
And they try to tell us it is no big deal because lots of other major developed nations spend even more as a percent of GDP. Like common Mom :“ everybody does it, it’s no big deal Mom!” Where are the adults?
I often defend big business, but Wells Fargo is not a nice company- part of a long list of many not so nice banks. Get out of debt now! Any way you can. Down size, live in an RV, on a boat or what ever. I gotta bad feeling about all this. If the economy crashes they will just decide to add on a couple more wars- they are crazy.
They're spending the money we don't have and the money we don't make!
kind of like your wife :o
That Part, we're their Credit essentially !
Our younger generations will never own a house or have a decent life.
We need to stop funding other countries, wars, and worry about the United States like WTF? 🤬
The people pushing for other countries will tell you “when I grew up we believed in democracy and freedom and we believe anyone who wants it should get it!” Meanwhile we don’t even have freedom and democracy here in the states 🤣
Eben giving all this money for wars for years those countries still "hate America" so we might as well not help.
esp Israel. At least w/Ukraine they are making sure Europe doesn't fall and we still have democracy. Not sure why Israel needs BILLIONS
KEEP IT 100% DOOM and GLOOM, PLEASE! These videos keep me motivated toward leaving the US. I need to constantly be reminded that there is nothing in this country for me anymore. I love your channel!
Our illustrious government is spending one TRILLION dollars every 100 days! Let that sink in.
That's $10 billion a day, almost as much as the total consumer spending on tattoos in my home town. Come to think of it, if they put a tax on tattoos, there'd be no deficit. We'd have no debt at all.
Treasury Department data showed that the US budget deficit exceeded $1 trillion in the first six months of fiscal year 2024 (which began in October 2023).
Zimbobway heres we comes.
No wonder food costs 2x it was under Obama. Thank Trump for spending so much $$ on covid
@@MrDCMiami do you live with the Island boys? how are they making 10 billion off ink lol
I worked during college I paid my student loans and I paid off my car I paid off my home, even while disabled I paid my taxes Why should I subsidize able bodied people who refused to work hard?
Agreed
I agree. But let’s also reverse all the billionaire tax cuts and private jet write offs from trumps tax plan. If we want to stop inflation, stop the actual people with money from spending. Poor people aren’t going to buy less food and clothes if they barely have what they need as it is.
Plus most of the inflation was housing and insurance. If we want low rents, we need to have lower loan rates for home builders. We also need lower insurance and lower mortgage rates for apartment building buyers so they don’t have to increase rents just to cover their mortgages and eye gouging insurance rates. Seems the oligopolies need competition. Especially if the government requires us to buy insurance from them.
If you think the younger generations are just going to “work harder” out of this situation then you are truly mentally handicapped 😂
I'm so confused! Why are you blaming average Americans who have student loan debt. Their government is spending money on them. They're literally spending it overseas.
The job market is a nightmare - a disaster - phantom job postings multiple resume submissions NO JOBs- I have literally cut everything down to least spending possible until I find something but having now another 14k tech workers to compete with for the one job. It’s going to be literal nightmare
lol I’m straight chillin (employed remote senior software engineer)
@@ltserge3226keep your resume updated, remote workers usually go first. One of my in-laws was a senior developer for Oracle for 20 years ( working remote) and got laid off last year. It can happen any time in this crazy economy, no one is safe. And now companies looking to find ways to cut cust by cutting team sizes, are telling remote workers to come back to the office or find a new job, knowing that's an easy way to eliminate people.
so fight against foreign b2 workers
Try Aerospace companies. Lot of software engineers needed.
Normally I don't comment on YT videos but I feel so strongly about how deluded many people are I had to chip in! What is wrong with these people? They would rather hear pink fluffy sugar coated BS than the truth. They don't want to face reality but the only way you can prepare for bad times is to face reality. We need to pay down our debt, grow food, cut out gym and cable subs, buy second hand stuff, up cycle, use leftovers, learn to make and build things and get back to core values. Get to know your neighbours. Be kind, be grateful. The writing for all this has been on the wall in big letters for a long time. Whether people like the truth or not, they will have to face it sooner or later. And the later they face it the worse it will be for them.
I completely agree except there is plenty to go around except much wealth is being transfered to the ultra wealthy.
Keep it real Michael....I love to take these walks with you everyday!!!! I emigrated from a communist country 25 years ago....I can take reality...I just wish Americans wake up to reality.....
That’s right because people like you have lived through the alternative. People here don’t want to see that’s where we’re headed if we don’t change things.
Everybody is too soft now. How is it that everyone sounds more childish than me and I’m only 25. I want to hear the real hard truth.
Please do not stop giving your perspective on this mess our economy is in. You are really doing all of us a favor by opening up people’s minds to the truth. I am. CFP and I learned a lot. But people just do not like to listen to what they HAVE to do to be in charge of their own life. God Bless you Michael.
No keep telling the TRUTH. People cannot handle the truth and that is why I watch you. God bless you, and your wife.
Don't tone it down, never tone it down, the truth is what is important, negative or positive.
I'm from California and see these whiners/entitled so called people all the time. Just keep it 100% that's why I am here and the majority!
So I’ve been told. Nothing changing here.🤙
They need to start watching Disney channel & move to Pleasantville.
Michael please keep your videos REAL - it is DOOM AND GLOOM. If people want to live in a fantasy let them go to other channel.
Only real knows real
Agreed
Screw those people, let em keep their head in the sand. I appreciate what you do man
$1 Trillion every 100 days. Absolutely NOTHING to show for it. Nothing built. Nothing improved… just making the Ultra Rich even Richer.
There's no slowing down. They are spending money like drunken sailors until everything breaks. Complete Insanity! Thanks Michael and Happy Wednesday!
Happy NWO
I was a drunken sailor at one time and I was responsible with saving money and living on the ship with no bills whatsoever.
More like our Government is spending money like drug addicts! This is just Catastrophe for our country 🇺🇸
Total control next Cbdc Total slavery
They are not _SPENDING_ money. Paying more yields because of the rise of intressed is not SPENDING. You already had your wars. The 0% intressed rate just made the pain go away for a couple of years. It's not 2008 any more !
Keep telling the truth!!! It will set us free from these corrupted crooks
The truth is the truth. Don't sugar coat anything. Thank you for all you do.
I like hearing the gloom and doom of reality. It puts me in check when sometimes I think I'm doing good . Maybe I need to do something better. Thank you Michael!
I talk to lots of folks on forums and it amazes me how many folks tell me the economy has never been better. Its disturbing.
Where do they live? Under a rock? I've never seen more delusional people than those.
They're spreading propaganda to keep Trump out.
It depends on your area and circumstances. If you have a high-paying job and live in a low-cost-of-living area, things can be great. There are places that are doing great. It's a big country and a big economy. Some places are doing great and some are doing poorly.
@@movdqa But everybody is spending more at grocery stores, gas and everything else. The average family is spending $1,000 more a month just for all the basics.
@@cjhoward409 That is Ivan talk
"GREAT DEPRESSION 2.0" 100 YEARS LATER... right on schedule
The Great Depression was basically 4 years. We just had Biden try to spend his way out of it, but all he did was make his doners the richest motherfuckers the planet has ever seen. The rest of us are bout to go through 4 years of real hell.
The senate always wins. They’ve never experienced a recession or depression. They’ve only been bystanders.
20 years of hell
@@TheCollector1987 corporate families that have been in business for 100’s of years run America Not Biden or trump or anyone else who shows up for 4 years
@@TheCollector1987 American Elections are an illusion. You have to be smart enough to understand that though. Most of you aren’t
LOL at the comment calling you cruel. That person was full of so much emotion that they can't handle seeing someone who isn't as broke as they are talk about the economy
We are sending money overseas! That money isn’t for us.
I agree. I paid off my student loans and my wife still has student loans. But those risks we chose should not be the responsibility of anybody else.
Those that are living beyond their means will be the ones that will lose the most.
Except for that one "bankruptcy" thing
Yeah I have been investing,saving,living within means, and avoiding debt since 10th grade. I’m good.
Michael, You are doing great man. Keep telling the truth even if it hurts. I built myself as well and we need to see reality no matter how bad it is.
The Canadian Government spending taxing Canadians to death is totally out of control. As of today April 18, 2024 the lowest price of gas at the pumps in Ontario Canada is $1.80 a litre. Just over $7.00 for a gallon of gas.
The housing market there is even worse than USA I believe, similar to California.
@@LittleMopeHead there are certain areas in Canada where housing is extremely expensive, Toronto Vancouver Montreal. But overall Ontario Canada is extremely expensive the average detached house price is almost $800,000
@@toddygallent7258 That is just insane!
You all were warned of all this in 2020 but you couldn’t see past your hurt feelings and TDS. Now we all have to suffer.
Thats all well and good, but we dont know how many actually didnt want biden, because the election was rigged
Amen!
He spent $6 trillion in deficit spending in 4 years. He was not helping that problem
@@theempirestrikesback He also had to deal with covid, in which entire states shut their economies down, against his wishes, and put tens of millions of people out of a job overnight.
If we had him in - we'd be at the end of his cycle right now and what do you think would have happened? Please peer into your crystal ball for us.
One thing that we can always count on - is the government painting a prettier picture than it really is.
Never more true than the manure being fed us by the democrats.
Dwelling on the past won't do squat for you now. Wishing you were back in the good old days won't cut it. You Will need to change your priorities. Cut back on all the un needed extras and begin to prepare for hard times because they are on the horizon.
I look forward to my daily dose of reality everyday on your channel. It keeps me in check. Keep dosing out Michael. You're great at it.
Continue keeping it 100% Michael. We appreciate it. Footnote, if you sign the papers to get a student loan you are 100% responsible for paying it back. Taxpayers don't owe you a dime... You're a poor judgment is not deductible.
Don’t care about people who don’t want to face the reality. Plz continue voicing up.
Warren Buffet says he can fix the overspending in 5 minutes. Make all politicians balance the budget or won't be eligible for re-election. We'll see a balanced budget real quick.
I never understood why we don't just require a balanced budget by law with maybe just narrow well defined exceptions for emergency situations like a pandemic or world war. Why did we allow the debt to get so out of hand that now our interest payments are the biggest expenditure?
It still won't work. In order to balance the budget, the politicians would have to cut Social Security and Medicare down to nothing, and the politicians would be voted out anyway.
@@gordo3582If we make those exceptions then we will always be in pandemics and wars.
no you wont - this is deliberate, to destroy the us
That's part of the problem; other would be reinstating Glass-Stegall Act and the other from that era prohibiting stock buybacks by companies, or at least, taxing it heavily. And USA has to move from credit card to debit cards, like Europe does. Because credit card habits and culture translates to acceptance of state and gov spending. Also - while that might sound crazy - taxing excessive debt: say, any payment beyond 25% of monthly income is taxed in some rate - say 10% - and money go to dedicated stability fund or something.
Michael, please continue to make and share the truth, the real facts, about what you share, I Love it all, and yes, I my self know, what it takes to survive all by my self, never received a penny from anyone, when you get hungry enough you'll find a way, and over time you learn, on your own, and through others along the way, please continue to be that Excellent Mentor that you are.Thank You For YOU, and all you share, with us out here. All your video's are well done, as well as all the places you take us to.And I listen, and I share your videos, also tell people to religiously watch especially, now in uncertain times, every bit of information helps, to make a sound decision on a purchase, on just about everything. Thank You once again God Bless You.
Looks like a nice sunny day in Florida. Great info Micheal thanks !
Guys like Ron Paul have been warning about this kind of spending for decades...Truth will always set folks free 🙏
Ron Paul ❤ help us
@@aahiccup2 Amen....a rare wise voice in the wilderness.
Zimbabwe here we come.
Weimar Republic 2.0
It will be more like Poland in the 50s.
Can't stop watching you! You tell the truth, you are pleasant and you show beautiful scenery that I find quite soothing. Keep up the good work!
Hello from Ottawa, Illinois! Keep up the good work!
Truth from boots on the ground is why i am here.👍 Tired of distorted verbal salad from the networks.
New Yorkers and Chicagoans need to put an end to this unlimited immigrant nonsense--RECALL your mayors and city council members! They can cancel the sanctuary city status in 5 minutes if they voted on it--but they don't want to.
Tell the southern states to stop putting them on busses and sending them there. Red states intentionally destroy government programs as part of a plan to cripple government and privatize everything.
As a New Yorker ready to leave and tired of this non sense I couln't agree more!!!
How is this affecting you?
I agree but too many NYC people on government dole. Section 8 housing, Medicaid, SNAP and Obama cellphones
I am even thinking about coming over that way!
Ok, you can give us one feel good story towards the end, Michael. I believe that kindness will save this world.
Keep doing what you're doing. The truth is the truth, whether it's gloom and doom or rainbows and unicorns. I, for one, hate to be lied to the way our government and news media continually do. For those of us living in reality, only the truth will do.
They can’t handle the truth
😆yup Jack
the truth is we'll be fine
A trillion dollars here…a trillion dollars there, first thing you know, we’re talking a lot of money
Nope because fed chairman, Jerome Powell, said we can just print more money
Haha I’ve been saying exactly this for a long time!
It's insane!
@@pinschrunner as we speak, Speaker Johnson and the House are voting on a $100 billion aid package to Ukraine and to Israel
We've been "talking a lot of money" for twenty plus years. Under Obama, when the debt was less than TEN trillion, people were calling it a crisis. Here we are, almost twenty years later and this JOKE of a government doesn't want to even talk about reeling in spending - even when we're at an unfathomable 35 TRILLION. We literally spend MORE on interest on the debt than we do on defense. That's INSANE. We are DOOMED.
I enjoy your honesty and telling it like it is. We are in a sad state as our country is slowly being destroyed. It's all about our governments personal gain and no thought for the People. So keep on keeping us informed. It's good. thanks
Keep doing you Michael don’t worry about the people taking it personal than just seeing it as a different point of you. Keep being you don’t conform to other people opinions🫶🏼
The fact that Michael lived in IL and made it out is enough to earn my respect. Keep it up!
You're easily impressed my boy.
Me too
So what is wrong with Illinois? Dare you say without revealing your politics (etc)?
@SunofYork Personal opinion....high cost of living, mainly property taxes and im not a fan of the winters there. I was a resident for 30yrs before I moved to NC
Some people can't handle the truth.
You’re absolutely correct and this is because of the last administration….Thank you DJT for all the LIES…
AND that’s why I listen to your channel. Kudos to you.
You are NOT negative. I look forward to your informative podcasts. I for one appreciate the truth about what is really happening in our country and world. Thank you, Michael, you are appreciated!!!
You clearly are seeking confirmation bias.
Facts Connie✔️
All of this is really nothing new especially inflation. People just ignored it the past 30 years. I already learned about all this in the 80s while in class and from my parents. Nothing Michael says bothers me. Just awareness. He’s just confirming that all of my saving,investing,living within means, and avoiding debt since high school has paid off. I plan to travel more this year.
@@AssetAddict Just the facts Jack. Michael’s only confirming the truth.
A recession is when your neighbor gets laid off. A depression is when YOU get laid off. 🐓
It’s better to leave in reality than keep our head in the sand.
It’s refreshing that you talk about these things and I like that you give information with statistics and proof of what you are talking about.
Homeless. No property taxes, no home or auto insurance or maintenance, no HOA fees, no wining and dining women that don't like you anyway. The list goes on and on. 😂
This is my dream
Off grid sounds more appealing. Live next to the Amish and you can use a horse and buggy on the roads. No gas price worries. Horses reproduce. Cars don't. Well, wood heat, solar and property taxes are about it. Maybe internet, property taxes in a low tax state and phone bills.
Might smell bad though 😂.
that is gen z lazzy
But you still have a smartphone...otherwise you couldn't post this..or was this done on a public computer?
Exactly ,rates need to be raised not lowered no matter how much we cry.
Rates need to be raised, but only because the government won't stop spending. The Fed can only control the demand side. The supply side is the result of the treasury's reckless spending. The problem is a combination of bad monetary policy(the Fed), and bad fiscal policy(the US treasury). The later does the bulk of the damage.
💯
you wouldn't be saying that if it was killing you or someone you cared about.
wouldn't be needed if we returned to a gold standard, but yes, short of that rates needs to be much higher, and by much I don't mean 10 or even 12%, I mean like 18 to 20%!
Keep preaching brother, the ostrichs will take their head out of the sand sooner or later.
First thank God bro, then you. Keep speaking up 👍🏼
TOO bad for those who prefer burying their heads in the sand. Thank you Michael.
What difference does it make? Glad I'm apolitical. It’s not like you get free jelly beans when your head is not in the sand. Just is what it is. People should focus on things they can control. I just handle my own personal finances and debt free lifestyle. I’m good. Retired in 40s debt free. Plan to travel more this year.
@@blackworldtraveler3711 Go to Vegas and join the crowds of people at the casino's. Probably going to have record crowds in Vegas and Clark County this year. So many smiling faces as they loose their shirts.
@@blackworldtraveler3711 "what difference does it make?" that sounds familiar....oh yeah that was Hillary Clinton how did that work for ya....
@@greygrey4479 I’m apolitical.
@@blackworldtraveler3711 NO ONE is apolitical in this environment, quit lying to yourself
Grand slam today Michael…thank you for calling out the loser that wants us to pay for his debt obligations…please do not tone it down…keep speaking the truth 👍
Thanks a lot for your feedback!
You’re welcome Michael…as I’ve stated before you have really become a professional…been watching you a long time and you just keep getting better with every show 😊
❤ good job Michael
I'm in the process of getting PSLF. I don't give two shits whether you, Michael, or anyone else likes it or not. I use my education and skills to benefit the government through my work and will take full advantage of the 100% legal program that was baked into my loan contract. Do you also get mad at Veteran's who use a GI Bill after doing their service?
@matthewphillips5483 Right 100% this is a program that was created 17 years ago to help get people to choose public service. They work for 10 years in lower paying jobs to help pay for their student loans. It's a program that has helped fill very needed positions that were going unfilled. Just like when you join the military to go to medical school and then have to do 6 years as a military doctor. Would there be enough firefighters to save you or your house without this program? Nurses or doctors to save you from a heart attack? Teachers to educate your brats? People aren't realizing they have been counting on a lot of people in their lives that have used this program.
If the government doesn't try to pay down their national debt, why the heck are we paying taxes?
Thank you Michael Bordenaro. I appreciate your honesty. Your words need to be heard.
I'm waiting for the gov money to cease because "it" is the problem.
What are you going to do with millions of pissed off & desperate 3rd world machete swingin mescuns - havnt thought about that one eh
Only way that's going to happen is getting rid of FJB!
If you look at European history, when there was a serious economic crisis, that was followed by WAR. Wars often start following growth collapses. Sharp economic slowdowns and low levels of income per capita appear to increase the likelihood of conflicts. Economic slowdowns can lead to military conflict as political leaders facing domestic challenges may seek diversionary targets, particularly vulnerable trade partners. The economic conditions can lead to War if terrorist groups use terrorist activities as a means to bring about change in the country. And if you don't think that the world is in a heightened state of preparation for War, is already at War, a world where we're all drowning in a rising sea of red ink - then you haven't been paying attention. Nuclear weapons science and technology is at least 80 years old. IOW, it's a mature science and technology. What we're working on now is miniaturization; the bomb in a suitcase. BTW, the Nuclear Club includes Britian, China, France, India, Israel, North Korea, Pakistan, Russia, the U.S. Not all of them are our friends. You can see where all this is headed. Not good.
The money has been gone for a while now! We are 35,000,000,000,000.00 dollars in debt!!! All the money we give to Ukraine and support and import illegal migrants, we have to borrow or print!!
@@user-qy9tf2im7f Don't you remember the Trump administration's spending habits? And the Bush 43 administration's spending habits? The Republicans spend like drunken sailors while cutting taxes on billionaires every time they get into power.
Immediately on our doorstep, is an international, global wide, irreversible 1930’s style Depression, with no easily accessible remedy or exit!
THANK YOU for keeping it REAL!!! I listen to you daily. We need you!!
I agree "I hate all political parties" you are right they are all only looking out for themselves. I don't think your channel is harsh. You speak the truth! Reality is that life isn't easy.
Politicians want to empty the prisons because of crowding, and costs, with no regard to public safety. Let the general population suffer and be victimized, what do they care, it's not them being criminalized!!
Sounds similar to our border control policy.
They want to empty the jails and prisons to create chaos. Russian Communist/err, Bankster Revolution 2.0.
Well who wants to pay higher taxes to build and staff additional prisons? Nobody.
What do you consider the general population? You won't be able to answer
Keep being honest, thats the main reason i watch your channel every day. Honest people like you, truly care about the people.
I appreciate your ideas and reporting! Keep up the good job!
I adore you, Michael and too bad for the people that can't take it. If you can't take the heat get out of the kitchen. I think you say the truth and a lot of people like being lied to. That's why we're in the mess that we are keep watching you
The US debt to GDP is at the level of Greece and Italy when they defaulted. I question how the rating agencies can still stand behind their ratings. I worked at S&P in 2011 when it was downgraded below A. I remember the presidential motorcade arriving to argue the downgrade.
Truth Matters!
No education matters. How else do you know what the "Thruth" is. Because it says so in the title ?
Keep the unvarnished truth coming, Michael.
Yeah Michael , Don't change what you are doing please. I look forward to your videos so I can stay in check with reality . There will always be people who feel that they are the victim or whatever . They can change the channel like you said. Any way I really enjoy you and the content of your videos. Thank you so much and have a Great Day !
PS. Tell the US Citizens to STOP SPENDING! Don’t buy houses and cars etc, especially NOT WITH CREDIT. Then prices will come down.
you're talking with people with a childish mentality and not an adult mentality. they will spend until they are completely broke, and then wonder how they got that way.
I think that all the time. They are the problem. Stop paying the exorbitant prices. What do you think happens when you keep paying the higher prices?????
Or we can pass laws or apply pressure so insurance companies and other price gougers to just stop. Or we can just stop pussyfooting around Ukraine and actually lend them the money and weapons they need to win the war and then inflation will plummet as war spending ramps down.
Time to buy that Ford F150 Lightin EV. It was about 75-90K now its only 70K. Or better yet get the Cyber Truck from Tesla....
I have told people that! several times I don’t think the message is getting through lol
People that dont want to watch the weather get rained on
Yellow rain
I tune in to you regularly to find out what is REALLY happening in the real estate and financial world, because you are one of the few people who are not sugar-coating the truth. You confirm what I already see as reality--that our country cannot continue these irresponsible financial policies, spending like banshea's, and then pretend that there are going to be NO consequences for the average person in America. My husband and I are only surprised that it is taking this long for the consequences of the irresponsible spending in Washington to catch up with us as a nation. And it is not going to be pretty--we agree with your predictions 100% and we are thankful that you are one of the few people who is telling the public the TRUTH! Your channel is very refreshing for this reason--thank you!
There's different problem: people and businesses behave EXACTLY as government does.
I would rather hear the worst, so I can prepare for it, than not hear what might be coming and it hit me without warning. Keep up the good work.
people try to avoid the truth because truth hurts
They can’t handle the truth
No, they just don't have a good education. Thus can not read the FED balance sheet, or understands what it means. If TV needs to tell you stuff, your already lost.
Id rather hear heart breaking truth than a sugar coated lie.
Feminized societies stray from integrity and truth.
Go tell boomers that their real estate wont go to infinity and see how butthurt people can really get about truth.
Michael, your message transcends continents. I wish here in Australia we had more people who would just be honest with us. Well done mate. Keep going!
Much appreciated from the other side of the world
No, hold your ground, and tell the truth. People need to know what our government is not telling us, or the news media . Michael what you do takes a lot of time and preparation, and courage. Bring on the bad news and gloom so we can prepare for what's coming down the road , for without channels like yous, we the people would be lost. THANKS Michael and " GOD " bless.
You’re correct vast majority of the people don’t want to hear the truth . I’m glad you’re here telling it like it is
I vote for truth! Many in our country doesn’t even know what’s going to hit them down the road. I like that you keep it real, and you keep me thinking straight!
"Give me the Truth, in all its gory details." Patrick Henry.
Micheal God bless you and your wife and keep doing what you’re doing. I enjoy listening to you. I feel you are very helpful to all.
Great video. I appreciate the info. Been watching you for about 2 years and love your videos breaking things down. Appreciate your efforts.
It's pretty rich though, that the IMF is speaking out now - its like calling the fire dept after the last ember goes out
You may own gold, silver, and real state, but that won’t help save you from a Mad Max-style societal breakdown.
The brain gremlin in gremlins 2 had the best advice. He advised his clients to put all their money into canned food and shotguns.
We don't need another hero...
Nothing but food guns and ammo will in a situation like that.
@@MichaelBordenaro Thats Right
@@MichaelBordenaroDon’t forget medical supplies and a bunker.
Keep it real, Your giving good warnings, also solid financial advice. Subbed
It should not be called student loan forgiveness. It should be called "student loan TRANSFER", since the loan obligation is being transferred from the student to the government (that is, the taxpayers.) ---- Keep up the good work, Michael.