Consumers DEMANDING LOWER PRICES ON EVERYTHING! (Costs are TOO DAMN HIGH)

[@1isaacgardner]

I was just in the grocery store and I noticed everything went up 1-2 dollars on most items.... It doesn't sound like much but if you buy 30 items that's 30-60 dollars more ...

[@johnc3525]

That's the Trump effect. Inflation will skyrocket in his administration, it already started.

[@kellio8087]

I spoke to a young woman who just rented an old single wide mobile home, far away from the inner city for $1200 per month, and thought that was cheap! The younger generation is used to overpriced items like its normal.

[@torsten6777]

That is very cheap! $1,200 today is just the same as two carts full of groceries! Homeowner's insurance alone in some areas is $1,000/month

[@torsten6777]

The average new car price is $48,000, $800/mth, so rent for only $1,200 won’t be around for long, grab it while you can!

[@paulconner4614]

@@torsten6777 Thankfully not all of us live in Florida or California. My Homeowners was $900 for the year and you can still buy a quality new car for under 30k. People need to stop buying giant SUV's and Pickup trucks with all the bells and whistles if they don't need them.

[@eduardohernandez301]

Yes that’s about normal

[@dosjr28]

The country is in bad shape. The middle class is struggling. Record credit card debt, rising insurance costs, rising property taxes, rising hoa fees, rising groceries, rising mortgage rates, rising car payments.....everything! Voters sent a message on election day but I worry about social unrest because people r getting fed. People r working to get by n not ahead......this is not the American Dream, it's a nightmare

[@renshin5671]

@@dosjr28 Kamala had a plan. A good plan. Her plan is to transfer wealth from the rich to the rest of America. Build back a strong middle class. Too bad Americans prefer to believe Trump than Kamala.

[@Joedisney]

I agree with you, unfortunately the only thing they have left to steal from us is social security and Medicare. They have completely reduced the younger population into working as slaves for 80% of them. When you're a billionaire, the only other place to get money it's from social security and Medicare. The problem with cutting Medicare, people just don't have insurance They wind up in the hospital in the end and unless you're going to refuse to service them You're going to pay for it either way. That only leaves social security

[@itsYourfuture-f6x]

agree its complete bs when elites make hundres a thousands per year and the majority of us under 80,000

[@sallyprzybil2404]

And due to the cutbacks in the federal government programs local taxes such as property taxes, sales tax etc… will go up too…..cities and towns where the manufacturing companies have closed will raise taxes on citizens to make up for the lost taxes from the businesses that are lost.

[@waynek805]

@@sallyprzybil2404 Property taxes (on the primary residence) where I live are capped at 1 % of 'assessed value', which is based on current market prices. Unfortunately, I doubt the assessed values will go down if we were to have the much needed and inevitable downward correction in market prices.

[@PE-ox7hv]

Unfortunately, very few people are aware of corporatism or the corporate oligarchy form of government we have here in the US.

[@Micfri300]

Everyone in Europe is.

[@justins90]

Every normie clown is too. What the F is Corparatism nobody is aware because it’s a made up word like Skibbidy. America is doomed because the majority of its legal citizens can’t form an independent thought.

[@KatarinaNolte]

@@Micfri300 medium sized private companies in the eu operate the same way and have the same political clout

[@Micfri300]

@@KatarinaNolte food industry in the eu is infinitely more better.

[@datapark9118]

And somehow it's the poor immigrants that are used as a scapegoat everytime

[@BIgBass255]

I sold my Plastic manufacturing business in 1990 because I realized I was working for the Government , and the Insurance companies. The fire Marshall , in the city I was in basically ran me another state, which cost thousands of dollars at the time. I've been fishing ever since, no regrets whatsoever.

[@handyrams4822]

Don't listen to the haters. Not everyone has a business to sell for retirement. Congrats on your retirement! 🎉

[@arthurspooner36]

What does "ran me another state mean?"

[@noncomplacent]

Good for you. Some will do any evil for money and chase it till the day they die

[@puppets.and.muppets]

they certainly 'dinged your dong' on your vibrator business ?

[@BIgBass255]

@@arthurspooner36 I meant ran me to another state. fire codes were more lax

[@russbarrows6689]

A friend of mine said this about the situation in Texas: "There isn't a house built or a mile of road laid that doesn't involve a very large percentage of illegal workers."

[@mrs.d6149]

True of many states!

[@eddieadams2051]

@@russbarrows6689 then we need to have an effective guest worker program. We can’t just keep letting people break the rules, even if they contribute to our economy.

[@mrscassandrasolano]

@@eddieadams2051my grandfather came in through the government sponsored Bracero program and earned residency for his family. The government needs to keep us divided with identity politics and a program that makes plain sense like the Bracero program would narrow the divide.

[@smaceachern1]

Employers should be fined for hiring illegal workers. And we need a worker program re-introduced.

[@dawnblack7957]

I love when you have Adam on. Thank you both, Todd and Adam.

[@Culby2323]

Greed, and specifically greed from the baby boomers is definitely one of the root causes of the financial hell hole we’re in. They’ve had voting power for decades and have used it their entire lives to help themselves with little care for the consequences.

[@jeffhogueison1656]

They put the debt onto their grandchildren to pay back

[@kenyac1310]

@@jeffhogueison1656 and now the grandchildren are living with their parents because they can't afford to buy a house and raise a family.

[@jameswilhelm1526]

I’m a baby boomer if the government hadn’t squandered our money we wouldn’t be in this situation so put that in your pipe and smoke it

[@eurolife7384]

Yup greedy boomers...... selfish self-center.... ugly.....evil GREED..... there minds ,full of BS

[@eurolife7384]

Live with parents, n or grandparents.......can not afford to rent at these high prices.... Or don't even think about wanting to have down payment for a home n the mortgage...in property taxes, insurances......... YOUR OUT OF ..... YOUR MINDS.............BS ..BS ........food costs are out of CONTROL

[@jwagner-gs7ez]

I think it and Todd says it show after show. He is consistently on point! That said I think morality has been replaced by fame, profit and instant gratification and is the real underlying problem. It really took off with "tell a vision" in the late 50's early 60's and will be difficult to recover and return to without the pain Adam speaks of. Doable? I think so! I'm 60 and this is JMHO. Adam is wealth of info and I appreciate you too. Another great show Todd!

[@SachsRealty]

Enjoyed your comment. Thank you 🙏

[@bobbiehubbert1774]

Simply stated, my belief and trust is in God and not man and his show to be only caring for what profits him.

[@Tonymanero1960]

Todd, your channel has been on fire recently with all of your guests, including Peter Schiff, Jaspreet Singh, and, of course, always insightful Adam Taggart. I also like it when you talk about the Maryland housing market (as an example) in your conversations. My girlfriend lives in Towson, and I live in beautiful Linthicum, and we both enjoy your conversations, including listening while on a recent three-week road trip out West.

[@SilverCpa]

Jasprret is a clown

[@SafeEffective-ls2pl]

Peter Schiff is a joke

[@SachsRealty]

You’re the best 💪 Thank you!!

[@mjefferson371]

I used to audit companies who produced various food products for the military, and my main concern was the people who were hired. I'm talking about all Central American & South American countries & South/South East Asians and this was from 2005-2008 in TN & GA. When I questioned this practice for potential "security concerns," I was told Americans did want those jobs. So I am curious if we no longer want manufacturing jobs or if the companies (corporations) just simplify couldn't/ don't want to pay wages that Americans needed. I feel it's gotten worse. 😢

[@jackiekunovska8405]

Same situation in most countries small and big....in the world....poor quality products(food and other), low salaries of workers actually producing and to add insult to injury higher and higher prices of products.....all in the name of larger and larger profits for heads of companies.....when is this going to stop and we go to a fairer working systems.

[@petcern4254]

This is naive conversation. I will put it very simply for you. US economic model is UNSUSTAINABLE. Period! It cannot be made to work. It is breaking and it will continue to do so until eventual total collapse. Just think about this single fact: USA is less than 5% of world's population that consumes 22% of world's oil! I am not even talking that for most of what you call "good jobs" one needs a PhD degree since everything is so complicated. Have you tried to repair your new car lately? When I look around here in the USA I don't see those PhDs. All I see is a bunch not very educated people with tatoos, piercings, blue or red hair, etc. These people won't be able to perform those complicated jobs. And thus, all we left with is more money printing, financial manipulations and other harmful actions by the Fed. USA is done, folks. And to your question how we did it after WW2, we were the only manufacturing powerhouse standing in the world. Are we now?

[@petcern4254]

Solution? Live within your means. Adjust your spending to your income. Your only loan should be reasonably low mortgage. How many Americans do you expect to follow this regime? Not even 0.1%. And thus the total collapse is inevitable.

[@aaronc4724]

I am on the path to this plan. Just need to pay off one credit card.

[@Giovanni6067]

What naive conversation are you talking about? For many people this is already advanced stuff and I guess the point is to open the door onto this massive problem to the general public. This situation is sustainable believe me. Since 2008 the FED + government understood that they will get away with printing money (printing money = stealing the purchasing power of everyone's labour and savings) as long as the illusion of the market is kept alive. You can be sure that every person in charge will do anything to keep that illusion going. It is unfortunate but, as long as people stay quiet they keep stealing.

[@itsYourfuture-f6x]

had ppl rejected the " credit" mentality long ago we'd be near even now

[@itsYourfuture-f6x]

ppl dont like thinking ahead buy now live now f my future self , is what there saying

[@carolynbrzezinski5779]

Both Todd Sachs and Adam Taggert agreed that the outcomes we are seeing, low wages, high unemployment, rampant inflation, high debt levels, etc, are as a result of the high levels of inequality (i.e. very few at the top doing phenomenally well while the rest of us can’t pay our everyday bills). Todd says: 'These corporations are profiting at the expense of consumers' and Adam, rightfully, agreed. Yet no sooner than the words were out of Adam's mouth, he very quickly went on to state "Look, I'm a huge fan of capitalism; I'm not recommending a socialist agenda here". What? Why did Adam feel so compelled at that moment to say that, when he just admitted that the inequality caused by Capitalism is FAILING so many of us? So why is Adam so worried if someone might assume that he thinks a little socialism wouldn't be a bad thing? Listen: WE ARE FAILING as a country and the ills of capitalism (resulting in gross inequality) are one of the key drivers. So Adam, stand behind what you said! It’s capitalism that is failing us!

[@Resmith18SR]

These people are such ideologues and so invested in Capitalism as their only ideology to the point that their solutions are more tax cuts for the wealthiest individuals which will result in even more income and asset inequality. How much more poverty and homelessness can the US tolerate before collapsing into social unrest?

[@farmerfox99]

it's not capitalism that's failing it's a million little cuts of over regulation, bad democrats policies. like soft on crime, overloading the inner cities w illegal immigrants. etc. socialism looks like a plausible answer- ie price controls. etc. but they just don't work. i'm open to how to better the economy w good common sense policies

[@bryanemerzian9478]

Stock Market only overvalued by 8 percent more like 40 percent

[@itsYourfuture-f6x]

ppl getting rich without actual work

[@iati6294]

If the stock market crashes 40 percent then I’ll never vote for MAGA ever again !

[@thomasandrews7727]

More like 100%.

[@elchapitodeguerrerofans4640]

Overpriced 8%? Lol what a joke

[@Thestocksurfer]

110% Buffet idicator hit 210 highest ever.

[@Joedisney]

Just listen closely listen to these two . It's time for us to all work together, that's code word for tax cuts for the rich and cuts for you so security Medicare etc. I'll fall out of my chair if I ever hear these guys say well CEOs that are making 300 times the salary of their workers should make a sacrifice. Elon musk who's now worth 300 billion dollars, he should make a sacrifice. How about these new politicians politicians start making some sacrifices. Wake up The sacrifices they're talking about are your lifestyle. If you're a true politician, then Donald Trump, and the rest of the se people on in on the internet they need to start setting examples of making sacrifices. Not telling you to make a sacrifice and be prepared.

[@TheInternetComplaintDepartment]

An excellent piece 👍 this is the conversation that needs to be done at a national level. Yesterday.

[@michaelross-aj6fgvk3rz]

Todd, The reason your inflation calculator underestimates current food and real estate prices is the higher than CPI inflation of US sourced goods and services is mixed with below CPI imported goods. This distorts the CPI measure which in turn distorts the interest rate decisions made by the Fed. IE we have had decades of interest rates too low to suppress inflation on US made goods and services. Meanwhile wages have only tracked the artificially low CPI and we all get poorer.

[@TheInternetComplaintDepartment]

@michaelross-aj6fgvk3rz The single most important conversation of Americans life right now. And you are the first I've seen, say it with such brevity. I'm highlighting this on my ruble show. Thank you 🙏

[@HML-it7te]

I used to spend money on tradies here in Australia. The prices they charge are absolutely extreme and I refuse to play their game. Not only do they want to charge the earth, but work ethic many times is non existent. Stuff them, I’ll keep my money, they keep their labour. I’ll do it myself or it doesn’t get done. Both my kids grew up on iPads and are next to useless, or self absorbed in their lives even after giving them an education at Uni fully paid for, doing almost nothing to help around home, careful selection - buying nice reliable cars (in retrospect I just should have bought something with wheels). Now I see why my father gave me nothing, except trauma (he’s a Narcissist, of German heritage who enjoyed my physical and psychological torture). I paid for my own Uni education. I always mowed the lawn-no question asked. Yet I almost had to beg my son (when I wasn’t able), to mow the lawn-even then it was begrudging. WTF is wrong with this generation. Thankfully both want to work (for money) and do very well in their chosen fields. At the time the decision was made to buy the kids iPads, I wondered and discussed if this was a good idea. Somehow they turned out ok, just not interested in helping there parents despite our sacrifices.

[@TabbieEckelberry]

It won't matter who is in office. To get more affordable living costs, it's going to be painful

[@meenagupta5822]

Love both of you. I follow both of your channels and Adam Taggart ever since he started his Thoughtful Money. Thanks to both of you for bringing intelligent conversations always. If we were to bring back manufacturing to the US, there is labor shortage as is and if we were to deport all illegal immigrants who work for peanuts for laying roads, building houses, painters, handymen etc type jobs, who will be able to manufacture things affordable for the common populous. Bottom line is, manufacturing will be expensive and will back inflation. Also, manufacturing brings pollution, depletion of natural resources, water, air and food everything will be polluted. Remeber, how those Chinese cities air quality index is, where they need to wear mask and move around! This is what we did to China, they have money now but are bearing all bad effects from it. Similar thing will happen here as well if we were to bring back manufacturing and also the cost of producing this will be so much higher. I laugh off when i hear lets make this in America! Eveeytime on Shark tank whenever someone says we are making this in the US, the first thing Sharks want is, let's make this in China at 70% reduced cost....so that just says making in America will be always costly. As Adam says, lets wash this dirt off once for all, get done with all the 36 trillion dollar debt off and rewok on America and build it again! But again which president will come forward to do this? So bottom line is, we are screwed and will have to live with it😢

[@FirstnameLastname-i7b]

i do not want to keep our current economic model, especially when it demands turning the country into something disgusting

[@faithsrvtrip8768]

What economic model do your prefer? Communism? Globalism? That hasn't worked out well, anywhere.

[@Resmith18SR]

​@@faithsrvtrip8768Socialism works for all the Nordic countries and it could work for the US. All the Scandinavian countries are Capitalist but they have high taxes on the wealthy and corporations and provide an adequate social safety net. The US obviously does not provide an adequate social safety net.

[@petemorton8403]

​@@faithsrvtrip8768 I think it is financing a big percentage onto the 36 trillion then calling it growth.

[@qualitytouchpainter]

I have already had pain. Lost my job, had to sell my house and scrounged for jobs competing with the undocumented workers.

[@JohnBarr-ys9zl]

Undocumented = cartel , subsidies and money laundering

[@AK-qe3pz]

@@qualitytouchpainter same thing is happening here in Australia sadly.

[@sallyprzybil2404]

I’ve been retired for two and a half years and not a day goes by where I don’t get one, usually more, texts or emails offering me a job! It’s annoying!

[@qualitytouchpainter]

@@sallyprzybil2404 a lot of the job offers are not real. Just apply and see all the thousands of others who have applied. Can you speak Spanish? Number one job requirement.

[@qualitytouchpainter]

@ a lot of the immigrants are working for the insurance companies for clean up. I am in Houston, we had floods, freezes and hurricanes. There were clean up crews that were hired by subcontractors. If you have a job and submit that you paid taxes, the government can issue you an ITIN number. Now you are a tax payer.

[@surfergypsy]

I understand and agree with most of your comments. UNTIL you both spoke up about people like me who left the job market at age 63 to take care of my mother WHO WAS IN EXCELLENT HEALTH, she just got OLD. The only medications she was taking were for glaucoma. A mild stroke left her with impaired vision which meant that at age 95 she could no longer care for herself. Prior to that she had been in the hospital two times, once when she gave birth to my brother, and once more when she gave birth t me. There are many seniors who are not being kept alive due to overuse of the medical system. Yes, we have an abundance of baby boomers who are exiting the workforce, but if you think any of us are able to survive because of “government handouts” like Social Security that we paid into for 50+ years, you are delusional. We are surviving because we paid off our home, saved and invested whatever we could, and by living frugally. As for staying healthy? I learned to surf when I was 51. I water skiied professionally for 20+ years, then as a hobby for 30 more. I have my skipper’s license for sailing, and my pilot’s license. But am I active now? Nope. Nor do I expect to be, because taking care of my mother wore me out and did my back in. I’m telling you both this because when you think of seniors on Social Security, who aren’t working any more, I hope you will remember we are a very diverse lot.

[@hawaiipreppersnetwork808]

@@surfergypsy Amen!

[@sallyprzybil2404]

Exactly…this isn’t a “great” retirement! It’s surviving

[@efrainhenderson2020]

This guy never thinks about the companies taking pain, only the citizens!!!! Companies need to feel the pain and reduce prices for snaller gains. %5 gains is better then %0 gains!!!!

[@TinkerToFIRE]

Companies are loyal to their shareholders not their employees. They have a set amount of profit margin to hit and the most expensive line item is the employees. So like fast food has learned, if they complain about higher wages one person will get a raise and one will get replaced by a robot.

[@syrleneclarke1299]

Great video. Love Adam he is so sincere. Thank you.

[@Karen-ff4os]

Listen, it's the wealthy profiting off of this broken system that would have go through the most pain and the wealthy criminals...the rest of us are already in the "pain." The greedy are never satiated, they could still live in luxury and go thru the pain but just not "as" absurdly luxurious...period! 😮

[@lisae357]

Really great discussion! Good sustainable farming…spot on! Also love the attitude of getting back to “we” frame of mind. The USA is in competition with large Countries that are advancing in all aspects of economic development. If the US wants to compete as a nation, then we need to pool all the resources the US has. We need to pull together as a nation as if USA is our business. How will we make America an economic powerhouse….together!

[@meenagupta5822]

Pls stand for the next election with a strong agenda and I will definitely vote for you

[@Joedisney]

I'm curious, how these two come up with the idea that we should make sacrifices. When is Elon musk going to make a sacrifice with his 300 billion dollars, what are the rich going to start paying more taxes and make a sacrifice. Why are all the sacrifices always on the working class. Why are all the sacrifices on the military soldiers getting killed. I never hear, the billionaires need to make a sacrifice and start paying more taxes.

[@jeffhogueison1656]

The super wealthy got huge tax cuts under Reagen under the trickle down theory. I call it the trickle on theory. The debt just went crazy since then

[@heithdmohler]

Its just too damn difficult to conduct business here on multiple levels. Especially now.

[@mitchiefloyd8535]

Love Adam!

[@rogos2528]

Thank you for mentioning the outsourcing of customer service jobs. I have been a part of watching this move and watched it destroy so many lives, I am tired of the focus only on manufacturing jobs that have been outsourced, we should be looking at all the outsourcing jobs.

[@jeffsurfanderson]

You both do great commentary. I appreciate both of you

[@jeffsurfanderson]

Another thing that pisses me off is people who are lazy and don't have a job and don't want to try to get a job and their hand is out so that the government can hand them whatever they need to survive. Me being a UPS driver of 31 years having an average work week of 52 to 55 hours for my whole career irks me to the core that people are that effing lazy. If everyone had a job and everyone was in the workforce this country would be way more prosperous you can get more in taxes to help the government pay for its bills although the government has a spending problem and that's why Trump has elected Elon Musk and the Vivek ramaswamy to clean up the government and I hope to God they do a good job they only have two years to do it

[@crimestoppers1877]

I agree with your sentiment but I also learned that a "job" is considered as "active" income by the IRA and is taxed the greatest. I am lazy in that I "buy and hold" ( no flipping) and never have tenants ( don't want the income). No problems so far?

[@davidmann2524]

Yeah, but people flood the borders with mass migrants keeping the bottom down and now people are just giving up. There's more at play here. People don't want to work when the system is so screwed and stacked against them and slave away to own nothing

[@fifthavenuegirl]

i agree

[@jasonfield7825]

Huh, People Like Trump and Musk, have greatly benefitted from the way things are now and if you really think they give a shit about the middle class. I can sell you some beachfront land in Florida. Their main goal is to protect and grow their own wealth. They will cut their taxes. Not touch defense spending and try to cut everything else

[@bpb5541]

Everyone who voted for Trump voted for a depression…. They just don’t know it yet. The winner of this election is the loser. And Harris couldn’t have stopped it either but Trump makes it come much faster and be way worse…. Unless you are rich. If u r rich you r good to go.

[@hennyindacup]

As a 35 year old millennial who graduated high school in 2008. Went to college and doubled up on the loans and got a masters degree. I can’t afford to have years of “pain”. I’m barely making it as is with an engineering degree. For a boomer who was able to get rich during the good times and passing the buck over and over and now telling us it’s time to switch it up. I can’t and I’m forced to do the same and let the next generation deal with this mess.

[@jimwalsh9717]

Two brilliant studs…thanks!

[@Michael-kx7im]

Start hitting the thrift stores like I do Not paying crazy money anymore

[@adrianjohnson650]

Good advice.

[@carmenhealer4635]

What I noticed with eggs is they had gone crazy high and have come down. I buy at Sam’s Club. How much was due to supply chain? Dollar Tree items are 1.25 when 10 years ago it was 1.00. Houses are starting to come down. If tariffs go through prices will go up. The cost of detention camps will be expensive. Hang on people.

[@mcgowee]

Most pundits today try to match the problems to their ideological solutions. Adam and Todd really analyze the problems as they are free of bias. Thanks!

[@SachsRealty]

Thank you 🙏

[@KungPowEnterFist]

Consumers can't "demand" lower prices. They can only demand their way to higher prices. And higher prices are ahead, because consumers are flush with cash/credit and wages/investment earnings are outpacing inflation by a lot. Overall credit delinquencies/defaults are still near historic lows, credit usage is still increasing, and bankruptcies are still near historic lows. This is not what consumers in distress looks like. In fact, it's the opposite. The crazy thing is how got to have a uni-party political system. There is no red vs blue anymore. Its purple party, and the only thing purple party is promising is to bring inflation back with a vengeance.

[@michaelgroves3460]

I would prefer less pain now to correct our budgets and balance the debt, over lots of pain and destruction later when we collapse, and are taken over by an Authoritarian Government that abuses people, as chattel.

[@rabbitwench]

This channel is my top three faves. Quality work right here. 👌🏽

[@lindaadrid9795]

Top shelf discussion as always.❤

[@reginal3264]

Frankly a depression would be with us for MORE than 2 or 3 years. Don't make it seem as if the pain will be for a brief time. And most likely of those 10 million not working there are many who are trying to find work, long after their unemployment benefits have ended; many over 50 and facing age discrimination.

[@miriamnapolitano7058]

A population is depleting because young couples can’t afford to have children. The cost of living is so high. Daycare is outrageous. Obviously when someone comes illegal, they get everything for free medical and daycare. They Americans cannot compete with that because they don’t get anything for free.

[@SachsRealty]

100%

[@shaymalchione809]

You sure about that? Immigrants are not your enemies.

[@johnc3525]

What happened to "pull yourself by the bootstraps"? What happened to competition? You can get free medical and daycare. Also, if you keep voting Republican, yeah, they will take your health care, daycare, etc

[@erickanter]

@@johnc3525 Both parties are complete and utter trash.

[@carmenhealer4635]

I spent years trying to buy USA only products until the day it became impossible to find reasonably priced items. I had to go to craft fairs even. Did we do this to ourselves over decades?

[@mohtek]

Yes, we did. But it’s the nature of free market capitalism to seek the lowest means and locations of production.

[@andremasters6006]

What government program is there that pays enough for somone to sit the couch ??? I want to sign up !!!!!!

[@beverlytheartist425]

Excellent show! Thank you.

[@joelsnyder8177]

No pain No gain 😊

[@cdavis25232]

All the money flows to the top and all the people at the bottom are already in enough pain!!!!! 😌😌😌😌

[@duaneh1973]

Adam always have a clear head when talking numbers. I follow him as well. Play it safe people. Get out of debt and save your coins!

[@Technotranceism]

The debt calculator is fine, but it's not taking everything else in account. It's not necessarily accounting for debts, market changes, investments, tax changes, stimulus money, etc. The current prediction of a steady 3%, is flawed on its own. There's tons of other things affecting the economy, and a lot has to deal with greed, and debt.

[@sunnysunshine9975]

As long as we have a divided country we will NEVER be GREAT!

[@karleells6540]

Yeah. Deport democrats then.

[@harpoen7358]

Both your KZbin channels are a wonderful service to inform people about the current state of the economy. Although I live in the eurozone we will face similar problems like you so we in the West and are in same boat regarding the problems we face.

[@Rayjack-m9o]

Can you give Longshoremem a 60% wage increase over several years and not add to inflation, Can you allow into the Country hundreds of thousands of foreign nationals decreasing housing supply and increasing demand and not have housing costs rise particularly in the areas that can least afford it ?

[@petcern4254]

Did you ever think that perhaps house prices went up because Fed purchasing $85b a month of mortgage backed securities for many months that pushed interest rates to below 3% causing housing bubble? Let market determine interest rates, enforce proper checks for borrowers, demand 20% down payment before issuing a new loan and prices will go down in a few years. It has nothing to do with dirt poor immigrants.

[@federatedsubjectareas6904]

Money supply, the source of inflation, needs to reduce consistently by 5% every year for the next 50 years. Productivity, technology and innovation needs to increase in enough proportion to counter both population decrease and reduction in credit as this happens. Tough job, but this situation has taken 50 years to create and will probably take 50 years to undo… We need to take ourselves back to 1971 and then run the economy at a zero real CPI rate from then on.

[@Nicole-zv7ee]

I absolutely love your interviews with Adam. Thank you both!

[@lizmenchaca632]

Great idea! Let's incentivize small businesses instead of trying to cajole big fat ones to come back. Excellent, excellent!

[@sallyprzybil2404]

Trump is all for breaks for BIG businesses!

[@BlueWaterSTAX]

Well done guys. Very useful info. God bless ✌️

[@joshuareuss2472]

We need to get rid of financialization.

[@Resmith18SR]

The US economy has morphed into a huge casino and the wealthiest can afford to gamble on stocks, real estate, and crypto while the poor have nothing to bet.

[@joshuareuss2472]

@ yes. More and more people join the ranks of the degenerates like Taggart everyday.

[@karleells6540]

No. You need to become part of it

[@Resmith18SR]

@@karleells6540 And just F the poor who can't, right?

[@kt6332]

I like your closing remarks Todd, thank you!😊😊😊

[@Hurlburton]

We are all doomed in a land of plenty

[@jnicky2569]

As usual. Excellent guest and commentary. By the way, I took my 12 year old out of school to home school and his discussion on the days events and politics surprised our 60+ friends. We had him in our mid forties and am 57 now. This is only because I listen to so much of your show and others speaking truth. Great guests! So happy for your success. We all plan on watching you go higher. Mommy J and Jeremiah.

[@vickiehat1074]

As always thank you 😊😊😊.

[@ShibashibaCat]

Blame trump voters.. they asked for it.. many companies are preparing for the 2025 tariff. Things are gonna get really deeply expensive

[@timmatthews5762]

GreT show thank you friends

[@MikePeterson-nm7uv]

IM WAITING WHEN ARE PRICES GOING DOWN

[@sallyprzybil2404]

😹😹😹😹😹😹

[@ravedandall]

Quite the opposite with Tariffs. It's all gonna get a whole lot more expensive.

[@sallyprzybil2404]

@ yes. And many businesses will lay people off….its only been about a week and there’s already been over 30,000 layoffs

[@erickanter]

You will be waiting a long time.

[@insiteandawareness3500]

The part of inflation that I don't like is how much housing has inflated. I want to invest in a property but these prices are too high.

[@bellakrinkle9381]

High housing? That, too, is by design!

[@sallyprzybil2404]

And it’s getting harder to get a loan..

[@tomtout6070]

I fear that the contractions based on prices for the markets and the astronomical prices for homes the losses will be quite instantaneous, intense and harrowing. I believe it will not be a simple contraction of just a couple years. The Great Depression lasted 10 years and with the inflation we have now it will take years more than 10 to get back to true and real values for homes alone. I am just a fella that has studied and followed markets, business and Real Estate for roughly 20 to 25 years. My father and mother were teenagers during the Grat Dwpression years. I have heard all about the misery it inflicted. Sadly I realize that correction must occur to get back to real valuations and eliminate the devilish inflation. Will they do it. You go bust either way; I am pretty sure there is hardly any more road remaining to kick that can down. Even if get business and manufacturing back to the US, you still need the consumer to buy those products.

[@aprilgentile5438]

Make it easier for companies to bring in workers on work visas.

[@bearcamping600]

I am confused about the optimism expressed in this video. I feel like Trump is the most divisive and most unethical president in my lifetime (not divesting from his investments during his 2016 term, and he seems to be even more divisive than ever in 2024), so I don't get why there would be any optimism that the country will come together under his Presidency? Also, I heard that most of the billionaires supported Trump in this election, isn't that a bad sign of how the rich people in this country buy politicians who then enrich their donors? Just look at how we now have co-president Musk!!! Nobody voted for that know-it-all. And I would think the Americans who voted to remove immigrants so they can have less competition wouldn't want to swap for different kinds of immigrants.

[@Michael-s5o7f]

Correct me if I’m wrong but I don’t think Musk had to be voted in, I believe he can simply be appointed. Again, correct me if I’m wrong, but I don’t think Harris was ever voted in in favor of Biden. They removed Biden and simply put Harris in his place. I’m no expert, but I’m pretty sure that is not the way a democracy works.

[@GooftroopDeniro]

@@bearcamping600 I’m glad somebody In the comment section said this. I couldn’t bring myself to agree with this guy because he really wants us to have some hope that Trump is going to turn this thing around, as if last time he wasn’t president the most millionaires became billionaires ever in history. Until a president comes along and pulled a FDR, only then will we be on the right track to try and slow some of this pain down

[@christine7475]

Those big cuts to the red tape after WWII came with a huge rise in the tax rate for the rich - but it worked.

[@sallyprzybil2404]

But Trump has said recorded on video that he believes the rich should NOT pay any taxes at all!

[@michaelcushing3526]

Tariffs will transfer wealth from the investor class to the employee class.

[@bellakrinkle9381]

Now, I'm reading that Trump intends to use the tariffs card as a negotiating tool.

[@xx-lk3bx]

You got to be joking!

[@sallyprzybil2404]

@@bellakrinkle9381if the country pays him a high enough bribe then he won’t tarrifs them?

[@ovrjoyd]

Adam Taggart is one of my favorites. Always enjoy watching your show when he is the guest.

[@khutzey4149]

Todd & Adam - so great to see two of my favorite humans come together. - monthly or biweekly please as we head into the apex.

[@SteveBull-tg8mi]

Lower prices are not what we are likely to get now.

[@karleells6540]

Thanks to 4 years of Biden’s bad decisions

[@charlesdunbar1211]

You need to cut executive's pay by 70 % to correct for the resent spike in their pay. Huge amounts of every corporate company profits are robbed and causing much of the higher prices of all products and services.

[@sallyprzybil2404]

Not gonna happen…

[@karleells6540]

No. You don’t ever lift the poor by tearing down the high achievers

[@karleells6540]

@@sallyprzybil2404nor should it.

[@bryanemerzian9478]

Truth is without the government spending out economy would be in a depression. Do we really have capitalism. In Illinois if you worked for the government in any capacity and are retired you are sitting on easy street and I am sure that could be the same elsewhere. Retired people making 150 grand not working sickening

[@brilliantblue4366]

Amen, Todd. I agree with you on most, if not all, your points. I hope you continue these conversations. I think we are going to experience a lot of pain tackling these issues but the pain will be far worse if we don’t begin making changes. We need to bring back fireside chats to explain the issues and the course going forward. Please continue with your great questions to guests.

[@SachsRealty]

Thanks so much for your comment. 🙏

[@c0wb0y.crypt0]

One of those millions that have checked out... RIGHT HERE! Do you seriously believe that anyone will hire me, when god and everyone wants 10 years of Experience, a Degree and bid the lowest on wage acceptance for a fucking unpaid internship, and all I've done is said, "Fuck you, I'm not playing this game..." Yet at the same time... If I go back to work, that lack of career history experience will translate into a lack of wages, but doing so to go into that lowered wage, will also force a loss of income against my disability... Why TF would I do that? Go to work to lose money, when I can enjoy my leisure time at home and work for myself as needed?

[@ww-eg2gn]

We all need to be more self sufficient! I cut my bills by 50% by going solar, growing my own garden, my own well and septic.

[@erickanter]

Tell that to people living in crime ridden inner city.

[@murr_dog2020]

Currently I'm a small business owner and the government offers no help or resources for me which I do not understand. I need a larger pickup truck for my scrap service to make larger pickups in tonnage, I also need equipment but no grants are available and taking any loan will not be feasible in the current financial strain I'm in.

[@bobwhite9248]

You must be a white male!

[@jamesconley9753]

40:20 that doesn’t compute. Wages aren’t inflationary-who gives raises during high inflation? Big business that can import deflated prices from China are different then mom and pops-and you all never separate the two.

[@khutzey4149]

Agree with Todd. We actually need DEFLATION .. and the have’s will have to bite the bullet. Also agree that the C-suite need to be squeezed from both sides in order For corporate greed to be irradiated - meaning off-shire and contend with tariffs or manuf local and cut corporate fat, waste and greed.

[@beckyforbis4858]

Great discussion, thank you.

[@MissBabalu102]

There are so MANY regulations and competition to even getting hired. Weird stereotypes and projected demographics, plus ageism to go against. The HR has no imagination for someone with a wide perspective and an education. It wasn't this way before, and INDEED etc seems to be a terrible way to find a job. I worked overseas and can't get back to LA, as a fifth generation CA, this is infuriating. Then the same regulations come up when trying to rent a guest house, such a catch 22.

[@stephenc2481]

no one can demand anything. The law of supply and demand dictates the price. Inflation makes it worse.

[@jameslee-dp6cb]

Corporations are going to hit a brick wall in either 2026 or 2027. You can only raise prices so high until people not only stop buying, but stops considering to buy. I dont think higher tariffs will immediately drop prices. In fact, I expect prices will rise even higher. But when people stop buying, the prices will have to drop. There is another alternative that consumers might lean toward. They might boycott any product thats dramatically over priced and start considering alternative ways of living. Im not so concerned with prices as much as our citizen's survival. Starvation was rampant during the depression of the 1930s. I dont want to see parents having to bury their children. And, at this point in history, with the world population dropping to less than half already expected, I dont want to see the global community in a genetic bottleneck. Climate change will be bad enough. A depression would be bad enough. But both a depression and climate change together could severely challenge the surviving population and set humans ability to adapt to the changing climate back by hundreds of years. Understand. Its not the desk jockies or even the elite that get physical things accomplished in our society. Yeah, they may make a lot more money, but its the builders, farmers, and delivery guys that make our civilization work. What happens when disease wipes out these kind of people? They come in contact with so many people on their jobs, that its an almost given that many will perish in even worse pandemics than covid 19. And with climate change already underway, and a matter of time until more diseases manifest themselves, how is a depression, known to cause starvation and poor health going to make the masses less vulnerable? Its not. We're already looking at a decline as soon as the boomer generation is gone. I think its estimated at 8 billion down to 3 billion and thats without factoring in climate change. We could end up with less than a billion people worldwide due to diseases caused by climate change. If enough methane erupts from the permafrost at the poles, we might be lucky if we end up with less than a few hundred thousand in our global population. It could be disasterous to the elite as much as anyone else. You can have all the wealth in the world, but highly infectious diseases can affect anyone, and the gene pool for the elite is already somewhat compromised by their selection of marraige. Wealth tends to marry wealth. Multiply this over many generations and you understand their delima. The next fifty years is going to be challenging to anyone on the globe, no matter who you are. A financial disaster like a depression is just going to exacerbate the problem. I cant see where any political leader can make the problems we're facing any better in the long run. They might make things temporarily better for a short period, but not in the long run. I suspect that during the depression, we will see diseases starting to kill a lot of people off and as we drag out out of the depression, diseases will take just as many due to a lack of care. And thats without a consideration of war. Its going to get real and its just on the horizon. Subsitence farming might save many by limiting the need for interaction with others as much, but few want to hear that. Its not profitable to be a small farmer these days. I think thoses that have to interact with other people on a daily basis might be the group of people that get hit the hardest by diseases. I could be wrong about all of this, and Im hoping I am. But I think your right about planning for the worse and hoping for the best. Its a good approach to what we are facing within the next 50 years.

[@666dynomax]

Consumers can’t demand anything. They contributed to this. Took the free money and spent it. Also keep financing their way to the life they think they deserve.

[@lisalove8526]

Three high quality but not necessarily high end restaurants in Salem OR, the capital which oddly has a dearth of good food, closed this year. Another is on the verge of closing. These are establishments that survived COVID shut downs. I just don’t see how Main Street survives this continuing inflationary onslaught. Is it possible we end up with 10% holding all the wealth and the other 90% completely disenfranchised ?

[@farmerfox99]

it seems like people are so close to the edge w costs of basics so high They don't have extra money for out restaurants. who do we blame this on??

[@bobwhite9248]

@@farmerfox99 Obiden and democrats in the house and senate. 37 trillion dollars in debt

[@bookkeepingtipswithty]

I share much the same outlook as Adam Taggart. He's a smart man.

[@phoenixrising441]

Todd, why did you stop doing Tuesday night podcast right when everyone wants to see your podcasts more than ever? You’re dropping the ball bro

[@tomtout6070]

Wages and support of people of working age need to get off the couch and take lower wages. If they do that sadly it will collapse the value of most assets such as housing, Social Security payments, stocks, etc. The markets will be shaken too the cores I expect. Welcome to The Greatest and Greater Deprssion the world has ever seen in recorded History. Things will be difficult not just 10 years as the 1930s Depression, but this could take 20 to 30 years to correct.Let up pray it is no uglier than that. The old saying applies: "When you find yourself in a hole you must first stop digging", that means money printing must stop and we must strive to keep our money within the U.S. People need to stop sending money overseas, which means, buy United States made products. Textiles, automobile parts, etc... must come home to be made. Money definitely be managed far better. It is going to be tough for this current generation of young workers and retirees as well.

[@jimcourville6722]

Gravel pits should not be in ancient rivers. - They should be on the side of winding mountain roads to straighten them and making them more efficient for driving and shortening gravel to market.

[@HunterD510]

The problem with your inflation calculator is it relies on you trusting the data coming out of the government to give you an accurate accounting of real inflation. The entire premise of your argument that "prices are too high because the inflation calculator says that they should be lower" relies on the CPI being an accurate account of real inflation. It's not in the government's best interest to give an accurate account of inflation because high inflation hurts the chances of re-election for the incumbents. The conclusion that companies must be overcharging us is based on your logically flawed premise and trust in the current CPI metrics to give us an accurate account of inflation.

[@Alex-de8kd]

At the current cost of living, if stock market adjusts down affecting the retirement funds, and layoffs catch up with spending, that will be the black swan event since people don’t seem to realize how much of an effect it will have on retirees still living in their single family houses, and people with purely administrative jobs working in government making six figures the salary that cannot justify their function.

[@wp4565775]

I don't see the link to the Inflation Calculator.

[@NewCreationInChrist896]

Jeremiah 17:7 "Blessed is the man who trusts in the LORD, And whose hope is the LORD."

[@jackgoldman1]

The IOUs are falling. In gold, zero change in price for Dow since 1929, at 18 ounces of gold. We are being hoaxed with IOUs.

[@Truth24434]

Stock buybacks: companies pay out corporate management for those shares. So they can have cash on hand. Now is a great time to have cash on hand due to the up and coming recession. Same thing happened during Covid. We are all waiting on the trigger. Lennar and Dr Horta. Are giving incentives to people to buy homes like never before. It’s about to be a crash this time next year or sooner