ENOUGH IS ENOUGH! ENDLESS PRICE INCREASES CRUSHING THE ECONOMY!

I know everyone's entitled to their opinion, but the media is truly going out of their way now to convince people that the economy is doing good and if you're not on board with that, then the problem is you. But in reality, people are looking around and seeing relatives and friends being laid off or evicted from their homes and people not able to afford their bills and yet they are trying to convince those people that this economy is the greatest ever? Good luck!
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s KZbin channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, KZbin, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[@MichaelBordenaro]

PROOF People Are EXTREMELY DESPERATE RIGHT NOW! kzbin.info/www/bejne/qaXdoIiQi7uAesU

[@juanrestrepo302]

Wages growing at a faster pace than Inflation

[@keyisersoze]

@@juanrestrepo302 Because they include dividends paid as income "wages". If one is getting 5% on their savings, that's about 1.5% over inflation.

[@keyisersoze]

Correct, because there are Two America.

[@bodyloverz30]

Being a Multi-Millionaire was a big deal in the 80's. I live on Millionaire's Row, which was coined in the late 60's; in the 70's-90's this was a lot of money. A Cadillac in the 80's was around $25,000 with, a Rolls Royce being at $50,000. My grandparents three story home in Sacramento CA, cost $200,000 in 1972. In fact my grandmother's 1986 Mercedes 560 SEL was $65,000 which, was among the highest priced luxury cars on the market. Being a Millionaire in the 80's, a time when savings accounts/bonds/Life Insurance contracts (farmers) paid 10% returns: as you can see, life was MUCH easier for many Americans!

[@keyisersoze]

@@bodyloverz30 We live in a different century. Reagan ran an 186% deficit in relation to US GDP in the 1980s. Biden would have to spend 36 trillion dollars to match Reagan's.

[@kingedoftheworld]

lol the economy is booming when 14k people will be laid off from 99 cent stores

[@peter-pg5yc]

That aint a real job its a step to better, be a manager big bucks.

[@juanrestrepo302]

because there plenty of jobs - 303K added just in March. Beats Trump unemployment at 14% during the pandemic

[@DanPittel]

Don’t forget Tyson chicken layin Off all their workers only to hire Illegals

[@keyisersoze]

The new ones will be called $2.99 dollar stores.

[@g00bers24]

@@juanrestrepo302 Lmao. The pandemic was a black swan event, and you can blame Fauci's forced lockdowns for the job loss. 303k jobs added are mostly people desperate to afford Bidenomics sky high inflation, so they need to get new part time jobs to try and barely scrape by.

[@ParagonFragrances]

The Great Depression. The Great Recession. The Great Gaslight.

[@Viperauora]

The Great Layoffs.

[@stickncarrot1073]

The great American finale.

[@Radientzone345]

The Great Stagnation

[@Helena-ou8ry]

The great GFC mark 2 (global financial crisis)

[@carrimycalifor]

So true.

[@tatianastarcic]

I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?

[@Michaelparker12]

In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor OR in a financial market, requires guidance at some stage.

[@nicolasbenson009]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@BridgetMiller-]

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

[@nicolasbenson009]

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.

[@berniceburgos-]

Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.

[@thomasperina2990]

Hello Michael: I a loyal subscriber watches your channel every day ( without fail ) because you speak the truth. I'm a 70 year old retire on a fixed income existing in N.J. Yes I've had to reach into my savings to pay bills. Yes my house has been paid for for a very long time cause I respect money. I haven't had a vacation since 2004 so I don't spend money on frivolous things. Since my wife died 2.5 years ago my expenses have more than tripled. I couldn't care less what the government says about the inflation numbers case its all BS. My electric bill has tripled & due to go up another 25% on June 1, my nat gas bill x3, car insurance x2, pharmacy X 5, food x5 & higher, gasoline X 3 & higher, clothing X 5 & higher, eye glasses X 5 etc. So I'm not really interested in what this administration has to say. Take care, stay safe, ,& God Bless. TMP from N.J. 🙏.

[@StuggleIsSurreal]

I hear you!

[@stdeborah460]

I watch because you do your research and provide data that is common sense. I reject propaganda that is designed to destroy my chances of retirement. I believe in paying cash for everything and living debt free. Our government spends like a drunk and wants everyone else to shut up about it. Keep making videos and maybe you can influence people to think for themselves.

[@thresapalmer8728]

I'm TMP from Atlanta, GA. and I agree with everything you said. Sad but true.😢

[@thomasperina2990]

@@thresapalmer8728 Hello, nice to meet you, please stay safe 🙏 😘 💖. TMP from N.J 🙏

[@sphericalspice]

My sympathy for your loss, brother!

[@Cozydrone]

I am so spoiled michael!! The government is letting me work 2 jobs not 1 into my late 50's.i am truly blessed.😁🤔😜

[@Madosatoshist]

It is letting you work it is just not letting you get your full, proper salary.

[@dinapage1]

Right?!!!!! The American dream 😳

[@joshspiker]

They have all new employees at part-time status to avoid providing health insurance and other full-time employee benefits.

[@picklikeapro6952]

😂😂😅😅

[@theempirestrikesback]

@cozydrone The Bureau of Labor Statistics appreciates you allowing them to count you as two employed Americans!

[@joycedudzinski9415]

Even Goodwill prices have been jacked up.

[@debbiec6216]

years ago , I would buy some clothes for a needing person, the prices of the clothing , was higher than Walmart , that's no joke . I used to donate to Goodwill too , no longer .

[@picklikeapro6952]

@@debbiec6216I only donate to places that give out food to the locals because goodwill has gotten so bad.

[@analyticalhabitrails9857]

Price gouging, and they stealing, and nones the wiser!

[@Thatsright-tr2ks]

Go to religious 2nd hand places

[@GenghisKhan311]

Yep, i seen the ceo now gets paid over a million a yr. Charity salary 😂

[@katydid2877]

I don’t click on “negative” headlines. I click on people that tell the truth. Lots of current truth is negative. I saw a comment in a NYC KZbinr video, why does he focus on the negative about NYC? So, he should talk about rainbows and unicorns while the city burns to the ground? If we wanted fake news we would watch corporate media.

[@brianburkhart8565]

You don't have to brace yourself when s**t goes right! But, you better brace yourself when shit goes wrong. Remember the guy who survived the Tiatanic in freezing waters? He realized his fate and accepted his death. Drank all the brandy he could get down and jumped in the water. Dude... WTF! He Survived...let's all remain calm. We know what's coming.

[@suniskys78]

We must watch the same KZbinr lol. I had a friend visiting from NYC and I asked if all was true on these videos I have seen. He said yes it’s really bad and is now look to move out of the State.

[@novadhd]

negative vids get more views

[@aaronburdon221]

They don't track everything because the public would revolt if they did and reported it.

[@coloradorealestate3982]

especially violent crime

[@John-wf5if]

Exactly. They lie about everything to save themselves. Red meat and eggs are bad for you! Eat these heart healthy glyphosate sprayed grains instead! Yum yum! Because if the people knew that red meat and eggs were good for them, and government pushed cheap processed food was bad, there would be a revolt.

[@user-oe5ey3ex8b]

The 'public" are too stupid to revolt. I'm sick of people complaining about the economy when we have the solution right in front of us. We simply need a new type of non-fiat currency the globalist bankers can't control or counterfeit. For the first time in history we have the technology to create an eCurrency such as blockchain distributed general ledger system that will do just that.

[@sues3218]

Gaslighting is through the roof these days. LOL

[@debbiec6216]

I say , there's 100% Distraction going on with people in general. I see this crap daily . And I will point it out to the people who does that .

[@zippythechicken]

shouldn't it be solar lighting to save the world?

[@raymondhumphrey2749]

Agreed...

[@SunofYork]

@@debbiec6216 almost English

[@garymcgovern1423]

What the hell is gaslighting

[@pnice494]

Keep speaking up for the common folks Michael

[@debbiec6216]

Michael cares for people . His parents raised him right ( 100% ) .

[@jimmyjay689]

He lives in Miami...the most expensive real estate in the country

[@SunofYork]

@@debbiec6216 You don't know him

[@MichaelBordenaro]

I certainly will

[@SunofYork]

@@MichaelBordenaro Watch out for the hordes of women who fall in love with you...they are stalkers and hide in your bushes at night

[@stevengonyaw1617]

Inflation is just a fancy word for GREED

[@Norm475]

Everyone is greedy, anyone who wants more money is greedy, whether that is corporations, governments, churches, stores, service people, etc. If you want more money you are all greedy.

[@robertmatthews2009]

Stop being greedy. Give 1/2 of your paycheck back to your boss.

[@John-wf5if]

They need inflation to pay off their debt, but deflation is a far more natural state for money in a world with such amazing technological advances.

[@nattypatty3667]

​@John-wf5if Exactly, all these corp were talking about how technological advances will help increase productivity, decrease costs and deliver a better product... when in reality all it did was increase their bottom line

[@user-oe5ey3ex8b]

I'm sick of people complaining about the economy when we have the solution right in front of us. We simply need a new type of non-fiat currency the globalist bankers can't control or counterfeit. For the first time in history we have the technology to create an eCurrency such as blockchain distributed general ledger system that will do just that.

[@vinniephillips452]

Our government needs a complete overhaul. If you’re not dirt poor or extremely rich you’re screwed. Taxes, price gouging, inflation. These things are forcing people to work 2 (maybe 3) jobs just to survive. And this is supposed to be the “American Dream”????

[@marblox9300]

Yep, if you are on the lower end you are better off with nothing so you qualify for all the freebees.

[@amyhudson1016]

Middle class is a dying species. If you’re not on or nearly on the upper class train, you’re destiny is to be at the lower end where government policy suppresses people

[@lexa_power]

@@marblox9300 trust me there’s not that many freebies. Cash welfare is only $220 a month. And there’s no free housing without being on a wait list for years and even then it’s a lottery. And food stamps aren’t enough to feed you for the full month.

[@user-oe5ey3ex8b]

I'm sick of people complaining about the economy when we have the solution right in front of us. We simply need a new type of non-fiat currency the globalist bankers can't control or counterfeit. For the first time in history we have the technology to create an eCurrency such as blockchain distributed general ledger system that will do just that.

[@redtiger7268]

@@lexa_power Unless you are in CA or Seattle. When I lived in CA I personally met many people who had subsided housing (only having to pay $300 a month for a $1,500 place) and what equated to $1,000 in EBT food credits.

[@anthonykence9954]

Its feels like a Depression.

[@peter-pg5yc]

No it doesnt not even close.

[@anthonykence9954]

@@peter-pg5yc Hopefully Government the will print another trillion.

[@debbiec6216]

@@anthonykence9954 this time the money goes to TRUE USA CITIZENS .

[@anthonykence9954]

@@peter-pg5yc some things in this economy look pretty bad. Justlook around. Its the starting of something worst. Which I hope not

[@BrianK-zz4fk]

just a matter of time when it does as they continue to prop up the house of cards. might be 5 or 10 years but will crumble

[@guystl]

There are 2 separate economies in this country.

[@Johnrl21]

Pretty true. So, do anything you can to get on the good one.

[@tashahall1855]

Always has been. The have and have nots.

[@mowtivatedmechanic1172]

I got divorced a couple years ago. Ironic I went from the “have nots” to the “haves” in a couple years after divorce.

[@Nlott2]

And they’re not exactly equal in number of people either. The poor economy consists of a large majority of the population. We have strength in numbers and it’s time we start acting like it.

[@liamc4113]

Capital gains vs wages. I am happy and sad at the same time.

[@deborahbuchanan3238]

Hearing the TRUTH is POSITIVE… no longer confused by the lies.

[@therealestake]

In the 90's, $1 Million dollars would buy you 1 Million cheeseburgers, but in 2024 $1 Million dollars = 119,000 cheeseburgers. Maybe we can get a Wall Street Journal analysis of that math.

[@chrismusix5669]

A million bucks won't even buy you a million White Castle burgers. Now THAT'S a tragedy!

[@Satjr35031]

Where I live you could buy 418,000 cheeseburgers

[@jamesking3186]

Don't forget about shrinkflation. Pay more for less.

[@roncedad7032]

I bought hi chews the other day, they are half the size inside the wrapper now. 😢

[@andrewkaska471]

Half gallon of ice cream now 48 oz. New Math?

[@stevenotero2627]

Yup. An we sit here and take the abuse. Enjoy the shrinkage. 😎🎭✌️

[@networth00]

Soup cans are so small you need to buy 2, at DOUBLE the price each.

[@coryjohnson2486]

@@networth00 dang really?? I live in a small town, but I still pay under $3 a can for soup. Being a single guy who lives alone, Progresso soup and crackers has become a regular dinner for me 😂. If I crush up like 4 sleeves of crackers while I eat a can of soup, it’s actually pretty filling.

[@cindyonyoutube]

Gas, groceries, housing & insurance are all unaffordable. But hey, other than that, everything's great!!

[@John-wf5if]

Please eat your cereal for dinner and stop complaining otherwise your bank account will be frozen.

[@davidshi467]

This country needs a lot more wise citizens like you!

[@shinobirising8196]

I started watching you're channel because I was seeing people spending and buying houses like it was 2005, despite the ridiculous prices, and I wanted to see what I was missing or didn't know. I had no idea that people were so overextended on credit. I just assumed most people were crushing it at their jobs or in their respective professions. I once believed that most middle class folks were earning close to or beyond six figures a year. Seeing people calmly buy vehicles at $40k-$80k as though money were no object. When EV's were first booming, I had someone coolly tell me that the $46k they spent on a Tesla was the best "investment" they'd ever made. I felt like I was taking crazy pills.

[@user-zb7tg5hi3t]

Groceries, taxes, gas and insurance continue to go up. Inflation is still a menace

[@peter-pg5yc]

always will be. why big homes will bury you. expensive cars suck you dry. you dont make monies on depreciable assets unless they make you monies. ie sales..company etc

[@jgringo5516]

Seen oil prices lately? Inflation will only get worse.

[@criscross7362]

​@@peter-pg5yc but if you don't buy the big house and big SUV then that means you're not able to live decently. Its important to keep up with the Joneses.

[@networth00]

My home and car insurance just went up 50% when it renewed. I about passed out.

[@criscross7362]

@@networth00 if you're in Florida, the rising cost of home and auto insurance is out of control. I am considering of getting a Vespa.

[@mariamathews5312]

The government is so out of touch. They blame everyone else except all their spending. Instead of measuring jobs they should measure how much money you need to live comfortably.

[@joy4118]

And all over the USA we have government buildings full of government employees getting good wages and doing nothing of importance. In fact, those places have keep-away signs all over and people that will tell you to do everything "online."

[@jgringo5516]

@@joy4118exactly! They produce nothing in those jobs. There’s all Tax Pimps.

[@treesnmoguls]

Or, how about new NON-GOVERNMENT jobs...

[@SunofYork]

@@jgringo5516 That is not true. Good government is invaluable. Don't agree ? move to Somalia.

[@mmmd3429]

The politicians are out of touch. But their handlers control them and they just caw out what they are fed.

[@HoneyLove77]

Our pockets tell us exactly the direction of the economy!!!

[@Alex-ir4bm]

I remember when people retired at 55yrs of age, now we’ll have to work (even though what’s earned is not enough) until the day we die. Until we are dead, we will be constantly downsizing and going without needs, not to mention wants.

[@tooch1180]

I gave up on marriage and children. It’s just survival. The American Dream is dead.

[@Alex-ir4bm]

@@tooch1180 Same. Indeed a quality of life issue.

[@lawrencearnemann3923]

Yup. And they keep the social security money that forced you to pay into

[@michaelsnively3621]

​@@Alex-ir4bmyou'll be better off than could imagine without those two things, particularly when it comes to life stress.

[@Alex-jx5bx]

Move to abroad 🎉🎉🎉

[@daveassanowicz186]

Got rid of my car for an ebike two years ago. No need for a car, insurance, gas.

[@MichaelBordenaro]

Nice

[@Annajsee]

If I lived somewhere nice ☀️ I’d do the same…hard to do that when it gets -20 lol

[@loulouwaters9050]

Don’t give them ideas lol

[@LockedUpLarry]

Shhhh. Keep it a secret. If not, it will become a trend and Karen’s will run the price up! Like mini homes, barndominiums, etc.

[@rowyerboat8648]

Good for you! If I was closer to work and groceries, and we didn’t get feet of snow in the winter, I’d love to do the same thing.

[@ColdPotato]

1M sounded like an impossible amount of money as a kid in the 80s. Now it's one bad uninsured medical bill.

[@francismarion6400]

10 new trucks

[@johanndork5364]

I think I could invest it and live a long time on it though.

[@thegroovemachine5003]

@@francismarion6400 That should be a children's book. Okay kids in 1990 Billy could buy 10 trucks, then explain socialism in its simplest form and explain why Billy doesn't even have one truck but a loan to the bank.

[@SurprisedAquariumFish-je8kw]

Goverment will never admit It has made huge mistakes But they will blame everyone Else. A lier never blame himself.

[@asbestosfiber]

You mean like all the times Trump said he was wrong?

[@marblox9300]

The government DOES like inflation - in fact they want a target of supposedly 2%. The American People overwhelmingly want 0 ZERO inflation where a dollar is always worth a dollar. This is just MORE proof that our government is not doing what we the people want. It is corrupt and should be delt with on a large scale.

[@williamjoback1436]

you mean like a wife in an argument when she is wrong.

[@justincase9638]

They don't care about mistakes - they are not working for you- only working for the $$ in their pocket.

[@timewa851]

@@asbestosfiber ... don't you have some $4.99/gal gasoline to buy?

[@Juliet875]

Total disconnect is right. All those added jobs are people holding multiple part time jobs just to survive and it will be revised again. Thank you Michael, Happy Friday!

[@tonytiger9020]

That's so true... These added jobs are people that need to get a second and third job.. because of the inflation.. remember when gas was only $1.78 Trump ❤️

[@swlc5555]

Definitely, and almost all these jobs are at Walmart, Taco Bell, etc. And you're right, they will quietly revise the numbers downward which the mainstream press will ignore.

[@markpitchford7375]

Part time jobs and illegals. Check zerohedge. All jobs since 2019 have gone to illegals in total.

[@tizzx4945]

Yeah, the good old times where we used to think that a million dollar is a lot of money and you don't have to work anymore are pretty over!

[@SunofYork]

Same in other countries

[@peter-pg5yc]

But soo many dont have it..Fact only 15% of peoples have 250k investments. so thats an excuse to not save your mindset is the problem. wealth is stopping work and still maintain level forever, its not the amount its how one lives.

[@afisanaa]

$1,000,000.00 is still a pretty good head start to invest make it grow.

[@treesnmoguls]

at a 4% withdraw rate, that's $40K...

[@jimmyjay689]

It is alot of money

[@catherinealvarado3258]

I consistently watch this channel because you're bringing the truth, in respect to what's happening in the economy. I'm constantly re-budgeting, at 71 yrs of age I babysit and work one day out of the week at my school district to make extra money. This offsets having to take out money from my savings. So instead of saying I'm retired, I'll say, back in the work force. Thank God for good health!

[@titolovely8237]

we've been in a semi depression since the pandemic.

[@georgedreher2322]

The dollar is losing value. It costs more for everything do to the devaluation of our currency.

[@katec4096]

I definitely see your point. Inflation,Medicare , rent, etc are killing my pension. It is easy to get overwhelmed. I still remember 2020. I worked in a hospital and remember patients dying and being stored in mortuary trailers because of the number of people dying. It can be worse. I am happy and grateful to be able to retire healthy. Not wealthy but able to afford my rent and put food on the table. Hopeful that the economy is slowing headed in the right direction.

[@colleenpeck6347]

The fed gave us a 3% COLA raise but then increased Medicare $20/month. 🤫

[@justincase9638]

Thank you for saying that. I too am thankful. I am also hopeful. There have been 2 realities in my life - things only get better after hitting bottom, and my reality is not everyone's reality.

[@johnc7652]

Yeah I remember the Lahaina burn wards bad situation

[@MDpart2]

Perfect timing for this video. Just had a talk with my wife this morning and we both agreed. No more Starbucks, no more fast food, and if we want to have dinner, we will cross the border nearby to Mexico and have dinner there. Gonna spend more time on the beach that is free and make our own sandwiches. We have plenty of money, but the point is, the value is not there. Maybe we will start spending when we see a healthy dose of “Deflation…” Yeah, I said it, Deflation…

[@bonniegaither3994]

Price gouging is a REAL problem as well

[@tommytomhan]

It would excite me to win 1 million dollars. Then, I could afford one of those overpriced trucks.

[@bodyloverz30]

$100,000++ for a truck is outrageous!

[@tommytomhan]

@@bodyloverz30 Half that much is outrageous. My first house was $38,500

[@bodyloverz30]

@@tommytomhan Yea, very true, yet few under $50,000! Who can believe the country 24' we are living in? Who is going to pay $1,800 monthly, what banks are going to approve these buyers?

[@toddprater14]

Once you see how much insurance is now on them nicely loaded trucks, for 80k , you will give up wanting a new ride - insurance is ripping people off with perfect records and no accidents… it’s over here

[@MPacheco-np4bl]

I watch for 60% for the topics you discuss. 30% scenery and 10% your soothing voice as I multi-task online.

[@debbiec6216]

lol@ you !!!

[@SunofYork]

@@debbiec6216 damp ?

[@BluesCast]

I entered the work force when housing interest rates were 12% inflation was sky rocketing. Worked two jobs, college at night. If you got a hole in your socks you sewed them up, patched your jeans, bought the TV on layaway, (there was no such thing as cheap Chinese products. ) I retired 3 months ago and all of this feels oddly familiar.

[@marblox9300]

But now our government is soft. They lack the balls to raise the rates to a level where inflation can be under control. They just want to continue propping up Real Estate and Stocks.

[@Mark-pb8kj]

They cant raise rates because they cant pay trillions in interest on their own debt. It's game over.​@@marblox9300

[@toddprater14]

Yeah Carter was President then right ??? Heard about that, now we have Carter 2.0 with goofball.

[@Mark-pb8kj]

What did I comment again? it got deleted.

[@marblox9300]

@@toddprater14 Goofball - oh you mean Camel Harris.???

[@marcstecker746]

Hey Michael! I listen to you for 3 reasons. 1. I believe you are speaking the truth. 2. You have an interesting way of communicating. 3. You provide information reported by other sources and identify those sources to back up your opinion.

[@kathylee5711]

Even during the best economic times, there are always those who are having a hard time. So, be kind at all times.

[@gypsygirl9]

So 25% of people are finding things cheaper, so where do they shop?

[@multifamilyinvesting9810]

You touch on reality. Social media pushes dreams.

[@bujmoose3992]

CPI inflation rate doesn't take into account the prices of FOOD and FUEL

[@dirkjefferson6202]

I got a 20% raise this year, my house went up in value. Im still worse off.

[@AnotherFaze4U]

Our houses going up is BS unless you are selling. Who gives a rat's ass how much our homes are worth besides the state and their audit. My property taxes went up again this yr 1000$, I ain't selling so that's another 10,000 MORE every ten yrs. Bragging rights my home is worth $$$$. Ain't one dang thing that ain't gone up.

[@Bamapride1985]

​@@AnotherFaze4UIt makes people feel better that their "net worth" on paper went up.... But definitely if not wanting to sell and just live in the home, it is better for ins and tax costs for the value to just stay flat.

[@taffyalusa4642]

​@Bamapride1985 totally agree, it's worth nothing unless it's a second home and you're cashing out, or moving to a cheaper country. Net worth should be solely based on assets that don't include your primary.

[@marblox9300]

But now our government is soft. They lack the balls to raise the rates to a level where inflation can be under control. They just want to continue propping up Real Estate and Stocks.

[@luvworldpeace]

Winning a million dollars would still be fine with me, even in 2024. If it doesn't excite you Mike, I'll take it if you ever win it.

[@megankuzin2740]

I agree the cost of living is out of control. I am a FL native and completely priced out of the housing market. Between my husband and I we do about 85K a year, we have 1 child in daycare. I have been looking at the Pittsburgh housing market as it is quite a bit cheaper. But if we leave then we leave ALL of our family here😢 something needs to change soon.

[@mowtivatedmechanic1172]

Same boat. I’m heading to the western part of the HCOL county areas.

[@hvaball150]

Leave anyways.

[@lrevz9672]

Dont forget moving north equals higher cost of living... houses may b a little cheaper because of floridas run away home insurance but everything else ... good luck

[@hvaball150]

@@lrevz9672 this is a fairly good reminder. Every area is competing for a piece of the paycheck pie. If some go up (taxes, food, electric,etc), the houses often go down as it is optional to buy a house. So a low house price can mean other items taking the paycheck... I live in Florida. So no state income tax. But my water/sewer/trash bill is right around $200 per month. Which is usually higher than many states with an income tax.

[@marknewton6984]

Pittsburgh?

[@rrjann]

I appreciate that you avoid politics because I cannot see a solution from either party.

[@tobyk5149]

same

[@markpitchford7375]

Vote for less government. I see one party that at least gives it lip service and one that says they want to spend more.

[@shando3333]

Well one party is flooding our country with illegals and that is not sustainable. Making states spend millions and millions of taxpayer money to house them. They have better benefits than the citizens. BS.

[@silvertortoise3776]

I make more than I did 6 years ago by about 50 percent. I feel poorer… riddle that one to me.

[@theempirestrikesback]

I make roughly 100% more than 6 years ago. Definitely feel better off but feel like a lot of the gains have been hoovered up by inflation

[@networth00]

@@theempirestrikesback How did you double your salary in 6 years?

[@theempirestrikesback]

@@networth00 switched roles in my industry. Moved to a different state. Changed industries entirely and got promoted after the second year in that role. Extra credit for moving from a high tax state to a low tax state so I could take home more of it.

[@AJourneyOfYourSoul]

@@theempirestrikesback good for you, congrats. Most people aren’t willing to do that. They would rather go down with the ship instead of make changes and improve their situation.

[@theempirestrikesback]

@@AJourneyOfYourSoul thanks! The big change was a moment of clarity where I realized my industry was becoming more competitive with a smaller pie long term. Didn't want to spend the rest of my life hearing excuses about why I wasn't getting a raise due to macroeconomic conditions during boom years. Found something with outcomes more centered in my local community and it worked out

[@bradleyvanzile1111]

They should make it a federal crime with mandatory jail for lying in general

[@lesliestuckel7969]

My husband and I found your channel a few months ago. We love what you have to say as we consider your opinions 'grass roots'. Us, probably like most North Americans (we're Canadian), know that the mainstream media are trying their hardest to manipulate our way of thinking. Social media combats that. The corruption in both our gov'ts. is rampant and they don't want to give up their cushy paycheques and benefits. Anything at all that is happening with our economy our gov't. has intended to happen. PS Love the scenery on your walks.

[@tcboes]

Thank you for telling it. People need to hear it and prepare. There's a poignant narrative in Atlas Shrugged noting a mighty old oak tree that seemed strong, collapsed suddenly revealing the rot throughout its entire core. There is no structure below this economy. People prepare yourselves.

[@tobyk5149]

great analogy

[@anotheruser5654]

Illinois had 4 companies layoff people off or totally shutdown. The Quaker Oats company in Danville, IL is closing and 540 jobs will be lost. This is just an example of the layoffs we've seen in IL since the start of 2024. Tech jobs are being decimated right now as well.

[@lr3929]

Its what happens when you get a Mail Order President at 3am.

[@swlc5555]

And you know they're planning to do it again.

[@Satjr35031]

He better stop sending Truth social messages

[@geee1984]

Right on! Nothing good comes in the mail, except Publishers Clearing House. 😅

[@marknewton6984]

It's an election year. 😮

[@Satjr35031]

Why Trump falls asleep at his trial.

[@bizHammer]

it's youtube. I had to quit video marketing. no money in it. selling online is ok money. keeps the lights on. I went to home depot 4 times this week to finish my bathroom. spring is dead prices are so crazy home owners are looking for free stuff on facebook. A lady needs faucet I had a really good older one from my other house. people have no money for home repairs.

[@jordansmith534]

Michael, approximately 15 years ago when I started watching KZbin, there was this one guy I stuck with, that is watching his material. I was perplexed for a while until I realized that he was of high integrity. He wasn't the most polished, sophisticated or even watched/followed, but he was genuine. You too have this quality. Further, your unpretentious, informative, interesting, well rounded and relevant. I watch you from Toronto Canada.

[@IanThecrackerstacker]

74% of people bought over priced cars, cigarettes, coffees , etc 😂😢🎉❤

[@khatdubell]

coffee isn't supposed to cost 8 dollars a cup?

[@user-cr5il4wz8d]

Americans BEEN buying everything over priced and over valued

[@dinapage1]

And homes 😳

[@zippythechicken]

if only they would tax us more.. then they could use our money in better ways than we can.

[@linmal2242]

@@zippythechicken LOL

[@deardra5619]

If the next president opens up the drilling of oil. Costs of consumer goods go way down when gas prices go down. Cost of farming, shipping go down thus food prices go down. Electricity goes down. These are the areas that help low income families stay afloat.

[@geee1984]

It's bigger than that. We are petrol based dollars economy where President Diapers has emptied our strategic petroleum reserve, that says it all. Trump 2024

[@deardra5619]

Our dollar is based on all countries trading with us currency, especially oil. When that stops all those dollars in all those banks around the world come back to the US. This creates inflation. The printing of dollars we don't have, the borrowing of money we don't have caused our dollar to be worthless. The brics nations were formed to trade outside of the us dollars. These countries consist of over 40% of the world trading this is also causing the dollar to inflate BECAUSE they are not trading with our dollar. Right now the US is spending more than we bring in by over 113%. This includes all GDP and tax revenues. This will only create bankruptcy at the highest level. Or complete failure. You can't go on spending money you don't have. When we go bankrupt the world goes bankrupt thus a new world power steps in and controls the new world currency. Now we as a country will not have the luxury of spending money we don't have and we will be back like all the other poor 1st world countries that are turning 3rd world right before our eyes!

[@jackiechai9615]

I follow your show for one reason: You tell the truth - I follow a lot of honest headlines

[@CliffNotesAnesthesia]

We are in a hot mess for sure

[@panama_juan]

Thanks for mentioning this article Michael. CNN had almost the exact same article today and I honestly felt a bit offended lol. What planet are these people living on? Switched to youtube and your latest vid summed up exactly how I feel. They can cook the numbers any way they want but we're not buying it.

[@nogames8982]

They seem to think if they say it often enough that it will become true. Well for real people it’s not coming true. They can say it all they want as loud as they want. Doesn’t make it true.

[@rjc9537]

The issue is the cost of living is at 2050 levels, but salaries are still at 2018 levels! 🤦🏽🤦🏽🤦🏽

[@user-vb1ct6dj1z]

The difference between a recession and a depression is if my neighbour loses his job, it's a recession, but if I lose my job it's a depression.- Mike from Ottawa😢

[@tara607]

hehehe

[@TomBTerrific]

I love how they manipulated the way the calculated the CPI so that people on SS don’t get the increase they deserve. They even increased their deduction for part B by 10% in an economy they said was increasing by 3.2 percent . FJB

[@geee1984]

Some illegals get $3,900 monthly. Most Americans on SS get about $1,500 monthly. Jojo is tanking our country.

[@christophernejman]

Corporations put self-checkouts in at the stores saying it will keep prices down. Prices in fact went up after they were installed and people are using the self-checkouts working for free while they complain about how much everything costs. STOP using the self-checkouts and giving your free labor away to these corporations. You want to give free labor away help out a privately owned small business and help build homes for the poor. Add this to many other things in this economy and you can see people allow this economic inflation to happen.

[@theempirestrikesback]

But it's harder to steal from big box stores when you check out at the cashier

[@marblox9300]

LOL. It's the same answer when they build billion dollar sports stadiums and new casinos - they say it will bring in all this revenue when taxes just keep going up. Liars, Liars, Liars.

[@jorgecintron9674]

I know there must be a subset of people hurting financially but……………… In my area and in many places I’ve been lately begs to differ. Everywhere I’ve been, stores/mall and restaurants are packed. Even on the weekdays restaurants are packed. Here’s my barometer, when consumers stop going to ChicFila and they start having financial issues then you know we’re Fu$&@!

[@appleiphone69]

Stop buying alcohol, tattoos, restaurant meals, buying cars you can’t afford. No trips to Disney. People who do not practice delayed gratification are always screwed.

[@user-oe5ey3ex8b]

Yes, expenditure discipline is half the equation. The other half is that the buying power of everyone's income has been cut in half because the value of the dollar has been cut in half due to counterfeiting. No advice Dave Ramsey can give will replace the income stolen by our corrupt government and the globalist banking cartel.

[@redtiger7268]

Yes but there is a problem with always delaying everything. You will never have/do anything. Say you are saving for a Disney trip (since you named them specifically) You will need to out save inflation and their price increases. If you look at that it means than you could go now and spend $1,000 or save and spend $1,400 next year. You do have a point though that people spend way way to much on eating at restaurants and alcohol.

[@michaelsnively3621]

@@redtiger7268 then I would say the kids and some adults need to adjust their expectations and have some sort of vacation commiserate with the family finances. Instead of Disney, go kayaking, tubing, to the beach, to a nice park, a museum, etc. Life ain't burger King anymore.....

[@redtiger7268]

@@michaelsnively3621 That is adjustment of expectations and not delayed gratification. I agree people should live within their means. My point was that trying to save up for something that is high costs might end up costing you more in the future than paying for it today.

[@appleiphone69]

@@redtiger7268 a family of four to Disney world could easily drop 5-7k. I know some people who will go multiple times over a 6 year period.

[@Matthew21v42]

In CA one bag of groceries now cost $100.00. inflation is out of control. A hamburger cost $20.00. A burrito cost $20.00. A taco is $5.00. A $5.00; foot long now cost. $12.00. As they charge $6.00 for a six inch sandwich.

[@romanaja125]

Where are you eating and shopping? I'm in CA..plenty of great deals for hamburgers amd.burritos/tacos

[@GenevieveEKelly]

In WA the prices match yours in CA. I don’t know, but a foot long may be higher.

[@johnp2209]

At subway in Halifax,Canada $67.00 for 3 footlong and 3 drinks at Subway!

[@kathrynj.hernandez8425]

@@johnp2209 YOUR FAULT Don't eat out.

[@agentcrypto7741]

@@romanaja125I second this. I’m in SoCal. Winco foot long is $6 INO combo double double $10-11 And my groceries for myself as a single person about $50 a week.

[@saltyp123]

In the past year...The sandwich I get nearly everyday has went from 3.67 to 4.87..and now 5.07. It just now passed my 5 dollar threshold for lunch. Even the 2 for drinks went up 33 cents.

[@clagueb3686]

That was two days ago. It is now 5.13.

[@istvanpraha]

I am from NYS and think my state is doing BAD. It feels worse than 2008 here but I keep getting told it's not this bad in other places. It's a Friday night and everything feels dead quiet, again

[@deborahheckstall1881]

Watch because we speak the same language. Greedy corrupt corporations. And u tell it like it is.

[@NWCRYPTOADVISOR]

I love this channel bro great stuff you do a really really good job. I listen every day.

[@MichaelBordenaro]

Thank you I really appreciate that!

[@swimpenney]

If I didn't listen to channels like yours I wouldn't be prepared for worst case, and I am seeing very near worst case right now under "Bidenomics"

[@scottstempmail9045]

Stop being poor. Your "problems" will disappear.

[@patriciamay6396]

I watch grocery and gas prices very carefully. It is beyond obvious that prices have gone up significantly. No one in my family has gotten any kind of pay increase in the last 18 months. Time to hunker down

[@ancientkid1635]

I MOVED TO FL IN 2008 EVERY YEAR ITS GET WORST

[@Jeannified]

Be ready to do anything you can, within reason, to keep your job! Scary times!

[@maverick-zj3jz]

I see more homeless people than ever. Eggs are ,7.00 a dozen gas, 5.00 a gallon. Rent 4000.00 and up. Cars ,100k plus.

[@coryjohnson2486]

My rent is $550 a month for a 2-bedroom duplex…. But I live in a TINY town (2,000 population) in rural NE Ohio 😂. Even here, in the middle of the country, rent is regularly $800-$900 (at the very least). My place isn’t super nice, but I consider myself very lucky because my rent hasn’t gone up at all since I moved here like 4 years ago. I would hate to move closer to a big city right now. $2,000+ for rent is INSANE to me..

[@zippythechicken]

@@coryjohnson2486 yeah i got a buddy in northwest PA and I said its really difficult to find an affordable safe apartment now... and he was like what are you talking about thinking I was lying .. SURE IF YOU LIVE IN THE MIDDLE OF FRICKEN NOWHERE .. WHERE THE ONLY JOBS REQUIRE BLOODLINE RELATIVES... well sure .. but its not going to last forever there too.

[@toddprater14]

@@coryjohnson2486Michigan here that 550 a month was what a apartment was in like 1997…not bad. Here in southeast Michigan, average decent apartments ( not brand new builds ) are like 890-935 for a 1 bedroom not ghetto either…

[@bobmarshall3700]

Americans are always bellyaching about "gas prices" but US prices are about HALF what those of us who live in the real world are paying. (UK, Europe, Australia). I suggest Yanks stop driving 500ci V8 gas guzzlers and get real! Gas $5 a gallon. That's CHEAP. In Australia it's $2 a litre!

[@autobotdiva9268]

@@coryjohnson2486 $550 was regular rent. boy bye

[@stevenphillips3466]

we got an 11% pay raise for state workers ... that was 6 months ago ...now we are having our Medical deductions go up from 15 to 50% totally undercutting Any gains we made from that pay raise

[@PAAmsterdam]

Your channel came up in my feed and I can’t stop watching. Your realism and common sense is a rarity these days.

[@jeffreyelliott46]

The Fed knows exactly what they’re doing and who it’s hurting…sad to say.

[@irritatedkitty7301]

The feds don't want us to buy things. Strange. They say that's what causes inflation. Then how do they create jobs if there's no shoppers?

[@rozilla66]

Im sorry. Gas is cheap, gotten 3 pay raises, and have the lowest amount of debt in my life. Maybe people are misappropriating their financial priorities. They'd rather pay 50k than 25k for a car because they need to "uphold" an image. Buying a 4 bedroom house when they really only need 2. Buying organic when they can only afford chef boyardee... That daily starbucks and monster adds up.

[@AJourneyOfYourSoul]

You are right, but most people simply won’t get honest with themselves and be responsible.

[@marknewton6984]

And women are expensive...😮

[@thresapalmer8728]

Thanks Thomas. You stay safe too, Thresa

[@dannygomez4622]

Michael. Keep the good info coming.. a loyal subscriber from NY...Danny.. watch you podcast every single day. Never, and never missed an episode.

[@gusramos0]

Lol, oh Michael, where do these people come from that? I bought my house at 7% last November 2023. I'm 68 years old, and my social security checks pays for it. I have some funds left over from that as well. I am still working to get debth free, and I am single making a little over 80,000 a year. Buddy,,, I hate going to buy groceries and getting out of the house. It is freaking expensive. I'm lucky to reside in deep south Texas where it's more economical than most parts of the u.s.a. Governor Abbott has cut off the school districts gravy train taxes. I pray that will help me at the end of the year. Just my two cents in there. Love your tank tops, I need some to show off my ex body builder muscles, 😅. Great job, I enjoy your professional info.

[@networth00]

Had you owned a house before and just bought your first one at 68yo?

[@ragtie6177]

Current administration: "your fine. Just look at your $$$ accounts that rose by 10% in the last year." Uhm...Ya, but my actual overall cost to live went up by 35% and those acccounts are locked in. And you raised my taxes & fees on everything im buying or own, by 30- 150%!

[@johnoliver4199]

I’m in the home service business( dryer vent cleaning, fireplaces, etc) Every week I feel like I need to raise my prices again! Probably will need to start quoting a minimum of $350 starting price for first hour. Many small businesses owners are trying to hold off raising our prices but will have to soon to stay in business and make all my investment worthwhile. 38 years in business- at 64 soon 65 - might just retire and put my money in T bills.

[@ragtie6177]

@@johnoliver4199 I feel ya brotherman. 68 here and they just took my SSDI monthly check from me. Still have the medical but they completely stopped all my checks. It's bs.

[@karenbelanger8621]

I've lived for sixty two years and i've never seen deflation...

[@larkatmic]

Great video. Thank you so much. It’s nice to know I’m not going crazy! Inflation and costs for most everything is insane here in LA and everyone I know says the same thing. Btw gas here was $5.39 a gallon yesterday. On my way home the same gas station today is now at $5.49! You can’t complain, because they will tell you it’s your fault for driving a car. 😑

[@dennismacwilliams196]

I belive this inflation well be with us, for a very long time !

[@wesleyantkowiak6479]

Things really fell apart in these 3 years. Fear monger enforcers know their time is running out and their afterlife will be horrible for eternity.

[@geee1984]

Thank you! You connected the dots where so many fail.

[@LegallyBlondeCritic]

I watch your channel because it is an accurate reflection of what is going on but the beautiful scenery buffers it. You are also very likeable and pleasant to watch.

[@johnbrzoska9948]

Run away Capitalism. Price gouging by corporations.

[@johnweibel1128]

Yahoo News reported, those who changed co.panies earned 10% more, those who stayed 5% more. My reality. Wages froze (no merit hourly increase). Now paid a bonus that equated to 2.5%. Meanwhile inflation at over 3%. Wages may be up for those in sales earning commission on inflated sales. But the real world, this economy is shit.

[@maxpol007]

Will you stop reading anything yahoo?

[@francismarion6400]

You really believe inflation is @ 3%?

[@filipxavier1041]

The government currently lacks concrete strategies to address inflation. Inflationary pressures are impacting various sectors, including stocks, housing, and commodities, causing their prices to rise. It is not advisable to keep your money idle and wait for a market crash. Instead, it is prudent to put your money to work by starting with cautious investments and gradually increasing your pace as prices decline further. Withdrawing a significant amount of money, exceeding $500K, from my account at this time presents a challenging decision.

[@mariasimpson9628]

With the current market trend My advice to anyone starting out in the market is to seek guidance as its the best way to build long term wealth while managing your risk and emotions with the passive investing strategy

[@albertbrian6448]

Very advisable I’ve actually been looking into that lately, the news I've been seeing in the market hasn't been so encouraging honestly. If you don't mind me asking who's the person guiding you?

[@mariasimpson9628]

Well ‘Wendy Birkett” is the licensed fiduciary I use. Just research the name. You'd find necessary website to work with a correspondence to set up an appointment..

[@albertbrian6448]

Honestly I appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Wendy Birkett up and send her a message. You've truly motivated me. God's blessings on you.

[@christinajurado9180]

This is crazy If anyone ever told me I will be randomly be surfing on the net and come across individuals talk about Wendy Birkett will for sure doubt but this is crazy I know her and love her strategy so much wow thanks for preaching the gospel…

[@alexjones8677]

You are providing a great service thru your channel, Thank you

[@carefulconsumer8682]

One of your best videos. The Dollar Plus Stores, all 361 of them, are closing and the company is going bankrupt because the CEO says inflation is too high. That's REALITY.

[@gregoryabbot420]

Since the first recession that affected me as an adult, (2073), we have NEVER fully recovered from any economic slowdown. We leveled off but never, ever completely bounced back to pre-recession conditions. It's like for the last 50 years the country has been stumbling down a flight of stairs. Drop and level off, drop again and level off, etc.. Till here we are. Most people are in debt for everything they have.

[@amrice62]

Michael- I like the channel because it’s a reality check- the viewers give actual personal feedback! It isn’t your imagination

[@mariatennyson429]

I watch your videos because you tell it like it is, the people who believe the economy is good is truly out of touch with reality. I look forward to your videos 😊