America's Economic Disaster - With Danielle DiMartino Booth

[@toddholland5612]

What a fantastic interview. Danielle is a very smart woman. I love the fact she shares her knowledge with up. Good job booking her Todd and Melissa.

[@bkearnaghan]

Danielle Di Martino is so good looking and has the sexiest name until you get to the name "Booth".

[@rjdebruyn]

One of Danielle’s best interviews. Laid it all out. No beating around the bush. Amazing she was able to withstand being surrounded by all those Keynesian FED idiots 15 years ago.

[@Cici1791]

💯

[@ESamuelson-r2e]

Thank goodness for people like Danielle! The avg person in the USA needs this information to make informed decisions since the corporate media doesn’t do it other than Danielles Fox Business interviews which are so informative.

[@ld4122]

YES! I’m thrilled you have Danielle! This woman needs no introduction, she is brilliant, truthful, connected and insightful!

[@AmalineB]

Thanks for speaking the truth about jobs and income in this country. The cost of living continues to increase at every turn: homeowners' insurance, auto insurance, health insurance, food, gas, and electricity. And also notice how difficult it is to see a doctor! If you can find one to take you, it takes 6 months to be seen. Why are doctors disappearing? Also,... fewer teachers and counselors in schools... packed school classes, and one counselor to 400-600 kids! More schools have parents drop their kids off, and because both parents work, parents have to give up income if the school has to close due to weather or find affordable childcare. Job benefits are disappearing. Five days of "earned" sick time a year. Contractors don't get any holiday or vacation pay. Crap health insurance. Doesn't matter if you are a full-time employee or a contractor; you can lose your job anytime. New credit cards or loans at interest rates of 28-30% -no thanks! Even Amazon Prime decreased it's benefits to members but the rate goes up each year.

[@nemesisenforcer907]

I'm FLOORED. This was a Brutally Honest and Entertaining interview. Danielle is Refreshingly Honest and Doesn't take any prisoners. She must be protected at all costs. She brings it all home from the perspective of the working class people. It all makes sense and it so tragic for all of us but we have to know the truth so we can prepare for the cluster fuk that will be all our futures.😊

[@voidisyinyangvoidisyinyang885]

Danielle DiMartino and Nomi Prins....

[@carlosmacias8720]

I totally agree..

[@guilhermesadelaou464]

I am a Brazilian Economist who loves To hear Danielle at her public interviews and appearances - I learn so much with her that I could hear her ever day all Day long. It would be a dream To Work with her. Congratulations Danielle for your endeavour!

[@Nicole-zv7ee]

I hope that Danielle comes back again, for another Tuesday night live. This was such a great show tonight. Thank you!

[@sam_1570]

This is the same woman who went on valuetainment and spewed lies and made a accusations about China and their handling of C...19. think about that. 😮

[@davisutton1]

Wasn't it? Almost 2 hours and I didn't struggle at all to stay the course.

[@sam_1570]

@@davisutton1 yup! China bashing sells no doubt about it. 😉

[@kkiissssiikk]

@@davisutton1 yes, Danielle explains in easy to understand language. With compassion to people too.

[@themarkandmelteam]

Wow! Great great discussion! Love hearing from Danielle, always! And encouraged by her insight that Powell will be patient! We would see such runaway inflation and a bigger divide between haves and have not, if the FED lowered the rate!

[@EclipseEditzx3]

I so look forward to hearing daniellle every time she talks. So much knowledge so much charisma.. she is the best and helps me keep my head on my shoulders

[@kintanarow6556]

Danielle is such a brilliant delight to listen to, and her incisive sense of humor is unmatched in her space. And she is lovely to look at too. The entire package made for an exceptionally informative and entertaining time.

[@SamuelClemente7718]

​@Bikes0420😂😂 geez

[@kintanarow6556]

In your case, don't be a jerk, @Bikes0420. She'd take the compliment where you fail to see one, you dweeb.

[@lets_discuss5352]

Phenomenal conversation and discussion; Danielle's responses and thoughts were so insightful and hard hitting that they make one think what is unfolding right before our eyes, and to be able to separate the wheat from the chaff in terms of what we hear and see in the news and around us. No matter what the unemployment figure says, a silent recession is going on while we are told the American economy is the best it's ever been, and we can support two wars and on and on. Thank you for the discussion.

[@bpb5541]

Thank you. I watch everything I can with Danielle in it. She is very smart. She also doesn't pull punches. When everyone is agreeing, it is prudent to find someone who disagrees, to see if you are missing anything. It's not what you don't know that hurts you, it is what you believe to be true, that is false, that does. Getting to the truth usaully takes great effort. But it is worth it.

[@joedoaks7941]

😊

[@joedoaks7941]

❤

[@johnellenz4330]

Excellent interview by Sachs Realty With Danielle. She does a great job.

[@SachsRealty]

Thank you 🙏

[@kristenmerrill-nl2dh]

FANTASTIC interview! Your interviewing style matched Danielle’s expertise that she was sharing and the result was memorable. Anyone who listens to this conversation will leave educated and better equipped to navigate the coming year. Thank you Danielle and Todd!

[@Culby2323]

Danielle is amazing, thanks for having her back on.

[@jayjones7776]

The legend, the great, the OG of Marco economics. The beautiful and gracious Ms. Booth.

[@TravisPluss]

Debt should be expensive. Period. You don’t want people to go into debt unless it’s for a good reason, such as a need like a car or home or “good debt” investments. You need SOME interest to deter people from taking on debt that they can’t afford; a lot of people are not financially savvy.

[@deborahdean8867]

If there was no interest, it's not borrowers you have to worry about, but loaners. They won't be making money off of loans, so exactly who would they make loans too? Making loans would be more stable and conservative. Charging interest does not lead to people saving money. No interest does.

[@jnicky2569]

My favorite channel. Love Ms. Booth. Great job getting such a distinguished guess.

[@gisellew5555]

Danielle is amazingly intelligent and grounded to understand the struggles of the average American. Thank you for all you do!

[@carlosmacias8720]

Bring Danielle back on soon.. She is Beyond Great.. So very Educated and to the Point.. She is no BS.. Deffently going to follow Danielle.. My Kind of People

[@JohnDaniels]

The FED has way, way too much power, Congress needs to limit exactly what they can do. Look what a mess they've already done with almost 9 trillion dollars on their balance sheet, it is ridiculous it's like giving a drunk sailor an unlimited credit card.

[@dabda8510]

1:11 I take walks through neighborhood of single family homes. The ones that have families who've been there decades. 90% of them are occupied by one or two seniors. They bought the house, raised kids, kids left for college/world, and now the big 2000 sq ft house is occupied by one or two persons. Meanwhile young families with kids are forced to compete for 1000 sq ft apartments with no inside laundry, no enclose garage.

[@mikeking7582]

THIS IS ABSOLUTLEY FANTASTIC.............AWESOME INTERVIEW !!!!!!!!!!!!!!!! I love listening to Sachs Realty....one of the few honest people out there in the Real Estate industry with a solid understanding of finance.

[@AmalineB]

Two years ago, a nurse told me that my x-rays weren't back from being read yet to meet with the doctor. It turned out that they get read and interpreted in Mumbi, too! So many white-collar jobs are outsourced you have no idea about! I would never have thought that my confidential medical tests would outsourced to India!

[@KM-kb8st]

I love you Danielle Dimartino. You are such a role model for women. Thank you all for this interview!

[@xavier_lucas]

I foresaw the housing crisis and sold my property. I then put it in the market, about $200,000 of it. That was late February. I've lost more than 40% of my portfolio's value. It makes me really sad. How can I turn this situation around?

[@simone_maya]

This is really sad. If you're not who understands strategies to invest in the market, why not seek a financial advisor to help you grow your portfolio?

[@AadhilaEesha]

Having an investment advisor is the best way to go about the stock market right now. I’ve been in touch with a coach for a while now mostly and I gained within a short time.

[@xavier_lucas]

That's impressive! I could really use the expertise of your advisor. Could you recommend who you work with, please?

[@AadhilaEesha]

Doing your research can save you a lot of hassle. Monica Mary Strigle is her name and she is licensed.

[@xavier_lucas]

Thank you for this. I'm gonna check her out and try to reach her. I hope she gets back to me.

[@sheilagrace565]

Absolute Honor for the privelege of listening to this discussion, and I mean that sincerely. I have critical choices to follow up on in next 3 years and this kind of top level info, if not followed, would make me a volunteer victim. Luckily, I believe in myself, study hard, apply knowlege so i don't end up in that catagory. BTW was scanning multiple properties in Abruzzo & learning all about Italian Laws & regulations. Danielle, I hope for all of us, you buy there because it's fun and the deal makes sense, not because - God forbid - the other issues you've outlined. Thank you to all three of you for putting ethics & common sense first.

[@RevelationThree20]

I just love Danielle. She such a brilliant woman and I appreciate her taking the time to fill us little guys in on what’s going on behind the scenes, both with the Fed and the economy.

[@paultaylor6805]

This is the best overview from Danielle DiMartino Booth I have ever heard. Thank you for this excellent dialogue.

[@Ooops1984]

Most properties have concessions and post inspection deductions. The sale price should be reduced to show actual sold price and not a credit on closing settlement.... this will give the actual sold price...

[@msingleton]

Danielle nailed it about people not caring disinflation. We need deflation. We need to go back to 2019 prices.

[@tagsoneveryting]

Correct We need disinflation things are way too expensive. We don't need inflation to slow back to 2% we need prices from before Biden appeared in office.

[@richardrodriguez-dj1xn]

That's where she's wrong.No Deflation..

[@josemena7644]

Danielle never disappoints. Great job 👏🏼 you two, and all that submitted in-depth questions. I Love your content. Thank You, Sincerely 🙏🏼

[@JohnDaniels]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

[@desertshadowspringers]

Very apt quotes. Don’t forget, “it is well enough that people don’t understand our banking and monetary system, for if they did I believe there would be a revolution in the streets before sunrise” H. Ford

[@JohnDaniels]

@@desertshadowspringers The more i learn about the monetary system the more it looks like a ponzi scheme.

[@janstaes2172]

in certain countries in the EU they have Automatic wage indexation to protect the wages of the people. its an expensive system, but it has merrits to.

[@armchairpsychologist2423]

56:00 Saying the “Fed is for America” but then saying America shouldn’t get rid of the Fed is like encouraging someone to stay in an abusive relationship. That’s diabolically unhealthy.

[@Jack_Parsons-666]

Without the fed, Biden or Trump becomes the fed "by default". I'm sure Trump would be happy to see real estate go to the moon, priced in "Trump Buxx" NFTs

[@nicolejackson5949]

Thank you for bringing this information to the general public.

[@FSharp357]

I’ve seen her on multiple channels and continue to be impressed; DDB is one of us.

[@andylise08]

1:11:39 Applaud to Danielle's response. She always hits the nail on the head.

[@mattanderson6672]

Love DDMB!! Yes I've followed her on a few different channels Lady of great knowlage, and she's brilliant!

[@jennifersilletto179]

Wow this is such a a straight up podcast. Never heard DiMartino speak this way before

[@ml-mw7ms]

So glad I listened to this interview video. I am sharing with family members. Big thank you to all for the this information. Feeling so cheated by our government.

[@illianayourfriendlylender]

Thank you Danielle! I love watching your videos.

[@ImRickSanchez]

Booth speaks straight and is just awesome to listen to. Always learn something from her.

[@JL-OnwardandUpward]

Great as always, thank you all :)

[@BennyJeters]

Love seeing Danielle! Such a great stack!

[@hughgrant2757]

You guys hit it big with Danielle she’s a rock star !!!!

[@jacobday-qp7fb]

This is the best episode you guys have done! Highly intellectual content!

[@donnahill758]

Boomers did not have it easy to buy their homes. Interest rates on mortgages then started at 121/2% and went up to 17%. My salary then with a masters degree was $18,000 per year. Please put this in perspective.

[@BV-fr8bf]

I've watched LOTS of DDB interviews and this was the BEST. No holds bar on this one!

[@monsteraetc]

It's not just Millennials. Many in GenX are reeling from paying for our own educations/2nd educations/2nd careers AND our kids educations, dealing with the 2008 housing recession just as we were hitting our stride, then Covid ending our jobs/businesses a decade later. I know several doctorate-level friends who have moved back in with parents just to allow the entire family (parents, grandparents, kids) to survive. Anyone with private educational loans is paying over 10% interest, often on mortgage-size debt. Even if they can afford that debt payment, no bank will lend them money to buy a home or start a business. If "professional" white collar workers can't get loans...who can??

[@MacroAnarchy]

She’s talking about the real estate in Italy, besides those 1€ houses there’s a plethora of 10-20k houses for sale, ready to move in. I find that very scary, if that’s the price to live in sunny Italy, how low can everything else fall?! Really living in interesting times!

[@robertcwalkeriii6267]

BRAVO ! On character, brains , and intellect . Thankyou for the work you do and the knowledge you share with us. Regards, Robert C. Walker III, HOUSTON TEXAS.

[@glenjones4009]

What a great chanel. I am an Australian learning... picking up on such insight from your interviews, preparing for the global tidal wave that is coming. Thank you.

[@lakelvp]

Very nice discussion. Thank you. The speculation that J. Powell's motivation is to sever ties between wall street and shadow banking (which she says is several times larger than the real banks) was really interesting. Are there sources to back this up? After being in asset markets (and retiring thanks to them) for the last 20-30 years I have also come to the conclusion that leveraged debt instruments (derivatives) trading has turned the middle class into meat bags for wall street and impoverished much of the developed world. The relationship between people and wall street was symbiotic but became quickly parasitic after waves of deregulation and corruption. I live part of the year in the Los Angeles area where median house price is 12x. This is NOT going to end well and will overcorrect (so yes on 50% correction). Published estimates of median income are low as new technologies and industries allow people to hide income from the bean counters, but most of the leveraged debt asset bagholders are badly afflicted with gold fever AND they are the ones who got capital in 2006 and 2021 and will get it again during the next bubble expansion phase.

[@MarcyDylan]

Off shoring US tech work to India does NOT produce quality work. My town in Colorado outsourced producing the electronic mapping of the town to a firm in India. What they produced was an extremely flawed product --- parts of the town were flipped on the map and other parts of the town simply vanished. My graduate school decided to offshore the updating of transcripts from paper form to digital. WHAT A MESS!! The work done in India by 'techie experts' dropped students who had graduated (I was one of at least 60) and the records keeper challenged me that I had even attended their program because she could not find me in their electronic data base. I was saved by the head secretary who swore that I had been a student at the program. They were able to recover my records from the main campus. Other students had * inserted for their grades. Others got lower marks than they earned. Other students had files corrupted so that part of their grades were merged with other students. In addition to this corruption of files, I think this sending the records outside the USA and outside the control of the university violates the rights of students educational privacy records.

[@JohnDaniels]

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented." -Sir Josiah Stamp, former Bank president

[@shannondavis5728]

We’ve been in a recession since the shut down!!!!

[@frugalex-maineah6761]

Danielle is a dynamo. Have heard her on Thoughtful Money/Wealthion/Fox Business and she always is very knowledgeable and engaging.

[@dabda8510]

7:36 FED buying mortgage paper. Now that is some CRAZY stuff. I don't have a degree in economy but in history. And from my perspective, it will be studied and REVILED. Under the guise of protecting the American economy, it was really about protecting their rich buddies. And the worse part of this is, it made the disease even worse...

[@msingleton]

Danielle is right about location, location, location being obsolete. Manhattan has so much empty office space it could fill up 30 Empire State buildings. 60 Minutes just did an excellent story on this.

[@wxieqdsiwevbks]

@sachsrealty Here is another thing, if anyone is leaving one job for another and making a lateral move and making the same amount of $ with significant experience, something is wrong because that means you are essentially LOSING money. Why or how? Because your wages/salary have stayed the same but inflation has NOT! It continues to rise every damn year. Employers don't want to loosen their pockets and pay LIVING WAGES. if you are spending MORE THAN 30% of your income on cost of living expenses i.e. rent/mortgage, car payment, transportation food, childcare, medical insurance, how can anyone still get by with only ONE full-time job???? the American Dream is DEAD!!! Then not have to worry about living on the streets because you're not earning enough to stay afloat. Meanwhile....these executives, CEOs, how much do they make and how much are they paying their staff at the bottom? They have nice cushy multimillion dollar salaries, yet staff at the bottom make what? Oh .25 cents above the minimum wage OR $1.00 more than the minimum wage? GTHO. They are out of touch with reality and could care less if any of us are homeless. That is a FACT because look at the statistics of the homeless crisis in all these metropolitan cities! Denver, Boston, NYC, Phoenix, San Francisco, Los Angeles, Portland, Seattle, etc. etc. etc. And the list goes on!!! EVERY YEAR it gets worse!!! If that isn't scary, I don't know what is!?? At this point, the gov't is NOT doing its job. MOST in their 30's and 40's cannot even afford to buy a house without help from mom and dad. UNLESS you're lucky enough to have GENERATIONAL WEALTH from your parents, grannies, etc. So what is going to happen when AI wipes out about 15% of the jobs??? So how are these same people who are living paycheck to paycheck going to have a roof over their heads?

[@msingleton]

The outsourcing of finance jobs to Mumbai is an excellent example of why we are in this mess. The outsourcing that has gone on for the last half century has destroyed America. It’s a short term gain mindset without thinking of the long term consequences.

[@taratong9074]

Great interview! I am just now seeing this! I so wish I was able to catch this live! I have to many questions! I live North of DFW and our insurance (home and auto), doubled as well.

[@davidgyeidel6281]

I second that emotion!! She is WONDERFUL.

[@CHEZZYNIPSTERZ]

CENTRAL BANKS have been a DISASTER

[@armchairpsychologist2423]

Total disaster,

[@denel6]

“Hurt me more than Kissinger” Did I actually hear that in relationship to Mungers recent death. I have just started this interview. I have heard several interviews of Danielle and have not felt resonant. Something about authenticity???

[@brucerobtoy2888]

Danielle shows she has compassion for others and I will not forget that. The Federal Reserve and our politicians should be ashamed of what they have done to this countries finances. A pox on both political parties.

[@danstar455]

The commonly quoted unemployment number only includes those who looked for work in last four weeks. If you haven’t looked for 12 months, you are no longer included in workforce. That may have been changed to 6 months. The gov always makes these changes to make things look better.

[@Main1Event]

The fed influences rates but it does not control rates. Last year the fed stopped raising in July and rates continued to go up until October and peaked around 8%. Yields have climbed the last couple of days, and the fed hasnt been behind that, but when you have jobs and the CPI being reported higher than anticipated thats how the bond market is going to react.

[@BaileyArf-n2q]

I look at my check, and if I want to buy something and more, then my check, I think to myself that I can not afford to buy it. Great strategy works every time.

[@STHIRINN]

Every word Danielle spoke was so informative and eye opening. She is so to the point , so aggressive, energetic. I wish Todd and Melissa had shown the same energy. She gave such good answers and all guys showed was silence. I am not criticising or complaining but it would have been so much more engaging. With your so silence reponse she must be doubting her words or your understanding. I am sorry for this comment but i like your channel and want it to have millions of followers.

[@carlosmacias8720]

Danielle for President 2024!!! Wow, She is straight up and really knows what’s she’s Talking about… Love it…

[@btsweeney3640]

In Austin, Texas inventory just hit an eight year high.

[@justincadle7070]

Danielle needs to dig into whether the fed reducing its balance sheet even matters at all. The only way it matters maybe is a market psychological sentiment. I do think it matters to banks balance sheets tho. I did not say that the fed not buying MBS matters, just the fed reducing their balance sheet.

[@TomMe-nx8dk]

DDB needs to be put in a powerful position that would allow her to effectuate change.

[@sheabilladeau1392]

Danielle mentioned insurance rates. I just was told by Geico that my premium, with no changes to coverage or claims on my insurance, was going up an additional 70 dollars per month. Just because. Crazier, is that Farmer's insurance quoted me another 60 dollars above that increase. So she's right. Insurance premiums are stupid crazy right now and its getting worse.

[@briancutsinger]

Great Danielle DiMartino Booth!🌞

[@christianquintino8103]

GREAT GREAT interview .

[@sheldonsmith2771]

Great Interview, thank you!

[@beachdweller3378]

This was a solid conversation and interview.

[@Prash1c]

@1:19: Daughter asking her mom, THE DDB, who Adam Smith is! ADORABLE!

[@4Marktk]

"huge amount of stimulus" (24:13) = huge amount of counterfeiting FIFY

[@Aries61]

Great get Todd! Danielle is awesome!! ❣️🙏 You should look up her youtube interview with Lacy Hunt!

[@SachsRealty]

Yes, I’ve watched her with Lacy. Thanks for your comment.

[@shannondavis5728]

Since the beginning of time…some people will always make money and remain well off while others will always struggle or find it hard to grow wealth!#RiggedEconomy

[@barbmol5664]

You’re doing a great job, Todd.

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still following this very informative content cheers Frank 😊

[@jenniferg7518]

Great interview! Love Danielle.

[@10317]

In regards to commercial real estate, would you call what is happening now, creative destruction?

[@comment2250]

Danielle is absolutely right that first time homeowners don't understand the full cost of homeownership, excluding mortgage payments.

[@jumpingthroughhoops9737]

I've been reading the book these past two weeks!

[@eddieloujones2673]

I think about big thing about home ownership outside of cost is TIME. I can't tell you how much of my time was consumed owning a house. Since time is money, that is an often overlooked cost. You will likely be spending lots of time on maintenance. Be ready. I love how direct Danielle is! So refreshing to listen to her and hear how disgusted she is with the shenanigans. I feel exactly like she does.

[@MrBartica]

Totally enjoyed this show

[@Aerrow62]

The entire system is garbage. Lowering employee pay is enough to kill the market.

[@tahtahbangbang]

Fantastic interview, I learned a bunch.

[@DMathew-m5i]

Amazing! I have yet to learn anything from her which did not prove true. So glad for the commodities update. Curious why S. Africa was not mentioned along with India and Mexico in that segment. Does anyone know? They have great demographics and seem to be in a similar trajectory in terms of tech adoption, education, shifts in politics and individual sovereignty (or so I have heard).

[@randywhelchel4674]

The Gov leaders sing about killing while farmers ya pass

[@JohnDaniels]

The fed, too much power, in too few hands.

[@darrenmogg3440]

moving to Italy...lol...great interview Ms.DB - appreciated

[@jctr4559]

If one waits to buy a house in November or beyond for price declines, then how do you factor in the decline of the currency. Wouldn’t that make no difference on the price of the home going down. Or, will the prices of a home decline more then the pace of the dollar decline.

[@Toucan8917Z]

Danielle is fantastic and knows what goes on in the Fed

[@AprendiedoconAlex]

Very insightful interview!!!

[@brucehedge2888]

Danielle is the best interview on all my go to sites witch many