🚨BAD to WORSE: $628 Billion in Unpaid Debt, Housing Crisis, US Consumers Are Struggling to Pay Bills

[@lenapetrova]

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[@nbeizaie]

How about Saudi Arabia leaving BRICS as soon as Blinkin meets with him and the Blackrock meeting?

[@ooikk8458]

Other countries are busy taking care of their own citizens at home. The government tends to their needs and well being. But the US busy looking for troubles every where, neglecting its own people at home.

[@frankblangeard8865]

Would you like to name a few of those 'other countries' that are taking care of their own citizens?

[@bricolagefantasy7291]

More freedom bombing and spreading democracy.

[@martincagle9226]

Seeking kickbacks

[@fredrikbergquist5734]

This channel is the only one who’s info matches what we see everyday in reality! Thanks, Lena!

[@hoapres]

We kick the can down the road until we kick the bucket.

[@lylegc01]

Brilliant analogy 👍😂

[@stephenvanwoert2447]

And then it's no longer our problem. It's the only way out.

[@basook6116]

there is point where US Congress can't kick the cans down the road

[@billb3673]

Over 40% of seniors over 65 have gotten part time jobs to help afford the high cost of living created by a deficit increase of 25% in 4 years in America.

[@margaretcaine4219]

Trump increased the deficit by 40% in only 4 years.

[@maxcloutier5285]

I agree, I have seen many of them at Costco. Not fair for people that already gave a lot.

[@stephenvanwoert2447]

I would say it takes well over $1 today to buy a 5 cent candy bar that I bought as a child in the early 1960's. There were 2 candy bars: Hollywood and Big Time, that advertised "One eighth of a pound [that's 2 OUNCES, folks] for only a nickel." Inflation is nothing to be proud of, even if it is national policy.

[@Map-vw6qr]

@@stephenvanwoert2447 $2.02 to be exact

[@Steven-D-Allan]

It simply can't go on!

[@earthwitch61]

Agreed! And it's not going to.

[@herbertserratos605]

Extremally informative, I love valuable information from such an educated person like you.

[@ricardoavilapaulette7060]

Thanks for the update. It is all dramatically true.

[@daviddruggish271]

Greed is destructive and being ignored by many.

[@petelans]

A similar situation is happening in Australia. Unfortunately, the politicians are not in a position to speak truths for fear of losing the position of governance. They have no solutions and we are at the mercy of the corporate establishment who only think in the short term.

[@perrygilberts184]

Thank you, Lena! You are the best!!

[@Wizardley]

Good morning from a Canadian in Xi'an China. How sad is it that each day I wakeup and want to see if the USA is in civil war yet....The world is watching closely. Prayers to all back home

[@angeloplanes8497]

Come on over and see what you can do. I have a feeling china depends more on American consumers than the reverse.

[@frankblangeard8865]

A civil war in the U.S. is very unlikely for a number of reasons. A World War is not so unlikely.

[@Map-vw6qr]

Jeez...I'm doomed on LV-426

[@angeloplanes8497]

@@Wizardley Canada is almost communist under Trudeau. What’s your point?

[@allencook8649]

Thank you for the update.. was hard to hear but true!

[@Bigbootstofill]

This is what happens when people and even government live based on instant gratification.

[@richardaustin939]

Very interesting and very useful. Thank you for the update

[@tucker2074]

This will be like the financial collapse of the USSR, the house of cards will be collapsed before Christmas

[@CraftEccentricity]

The Biden admin will pull the plug to cause chaos for Trump.

[@HANZELVANDERLAAY]

My guess is 3-5 years..but maybe sooner

[@Map-vw6qr]

Lol...wars always predicted to end before Christmas, this economic war has about the same amount of life (4-5 years) before the Homefront collapses .

[@basook6116]

100% correct. part of collapse to USSR was financial system

[@mc-lb9dk]

but much worse

[@GhOst-fv7kf]

We are struggling to put food on the table. You spend 300$+ At the grocery store only for the last two days.

[@jeffjenner5030]

Thank you , I like the short updates they help me track the end of the west. It is sad that once the people who have brought us to this situation have gone the average person will still be looking down the barrel of years of hardship. That is if the people responsible ever go.

[@sylviadavenport3290]

Thank you. ❤ is sad to know. !

[@jimh8105]

Your information is spot on ,thankyou

[@donclowers7666]

We’ve been in recession for quite a while and this one may be deeper than most with potential for stagflation. Much of these problems are happening worldwide but decades of poor fiscal policy by the government is definitely coming home to roost and makes for any potential solution to be pretty painful at this point.

[@ddprepper5227]

Excellent report 👍👍👍👍👍👍👍👍👍

[@Dylan-on2gh]

As a mechanic, the vehicles are not going the distance, and are getting more prone to failure, I spent 20k au, to completely rebuild my 92 nissan patrol does 13.5l/100km empty or loaded and should do another 750000km . Here's a tip, see what cars mechanics drive

[@Map-vw6qr]

MexicanAmerican mechanics around here always drive Ford F-150 or giant pig suburbans

[@lizardhunt96]

Here’s a tip, don’t by Nissan anything.

[@tZydeco]

​@@lizardhunt96 - the Frontiers are OK.

[@crozwayne]

@@lizardhunt96don’t buy anything USA made

[@robertcornelisse8664]

​@lizardhunt96 Nissan up to 1999 are solid. And after 2000 up to 2005 only few models are okay . After 2005 its better to avoid.

[@georget8019]

As usual, great work, Lena! Keep it up & congratulations from Western Australia.

[@gloucesterjet1]

When your outgo exceeds your income, your upkeep will be your downfall. This is true for individuals all around the world.

[@basook6116]

Lena should mention that many Americans are leaving the USA do to political, social, and financial problems

[@robertcookjr6100]

Information we all need to know

[@jamesmurphy9426]

Basically no Christmas this year

[@gregkahele154]

I live in Waikiki, Honolulu, and just now, as I am watching this podcast , my son came into my room and asked me to lend him some $. Of course I never get it back and it is happening more regularly now. More and more Hawaiians are leaving here for the mainland because of the struggle to survive. It is a tragedy!

[@andrewwhite1065]

Always so informative Lena. And a big thank you for preparing us for the inevitable. Ive already started stocking up on tinned baked beans and few dry foods.

[@Popnpoff]

Puts everything in perspective!! People are hurting and it's gonna get worse. We need to come together and help each other

[@cjtannerza]

If Ghadaffi was still alive he would be pissing himself laughing

[@Map-vw6qr]

The relic from 1960 was always doomed to die

[@Jay...777]

War is cripplingly expensive.

[@stephenvanwoert2447]

And lucrative, depending on who you are.

[@basook6116]

100% correct, however, US Govt. still funding more proxy wars.....

[@escaped1534]

Not if you win and steal the resources (after taking all their gold!), like how all Iraqi oil profits must and do go into the US Federal Reserve! Months ago, they asked for 1 of the 8-9 billion that goes in yearly, and the US told them to "come back next year." Same in Syria...

[@simplesecretof]

War is extremely profitable for the few…😖😖

[@larskroghmoller]

Very interesting - luck that I do not live in the US (I'm from Denmark).

[@crozwayne]

Try living on the biggest USA aircraft carrier off the western coast of Europe, the UK, we are a done shithole of a nation, a vassal state of the United States

[@badhombre4942]

We can afford 2 wars -- Janet Yellen.

[@basook6116]

USA can fund wars for very short time, at this point. however, in long terms, Americans will suffer do to endless funding the proxy wars

[@edwardkoopmans56]

The Muppet even guarantees you a third war !

[@gardenaurbanwalker]

Yes, these short updates are interesting and helpful.

[@mjs3343]

Great info. Thanks!

[@johnbotsford6897]

The transfer of wealth from the lower classes to the rich seems to be progressing well. The bankers and politicians must be proud.

[@sgtcoach62]

Awesome info. Great data to share

[@goodcitizen1611]

This was great. Love the format.

[@HayatSherzoi]

Thank You ❤❤

[@22cal22]

Thank you for the update.

[@lmbdavid]

Excellent update.

[@horhaygonzalas3025]

OUTSTANDING VID.

[@JohnYoung-m4j]

Thanks Lena

[@garywanner7860]

Thank you so much for laying out the facts and uncovering the truth about the state of our economy. It’s not pretty!

[@duboisdvoleur]

Having an air force base in Poland seems to be a bit of a luxury you can not really afford at this point?

[@Map-vw6qr]

Probably the end game Romans thought the same with the watch towers along the Rhine

[@kathyh.7709]

Thank you!

[@ApriliaRSV4-777]

Thank you Lena 🙏♥

[@lazarusguan2388]

Only a matter of time before the US version if the 1997 Indonesia riot happens if things goes on like this in the US. Govts' indifference towards to hardships faced by the average people always ends in bloodshed.

[@perseus-t7m]

People at that age are already on social security 😳

[@basook6116]

what happen to SSI TRUST FUND??? it supposedly inter-govt. can't borrow money from SSI or Medicare system....

[@crosslink1493]

@@basook6116 The government can't borrow from it, but they include it in the USA budget & balance sheet as an asset to reduce the actual debt.

[@janhashimi8081]

That is true, very difficult to survive and pay the bills. Thanks

[@edprotas4148]

This is an obscene situation. People on a fixed income, with rising prices (more gauging than inflation), and interest rates that were once considered usury. Brother, you are on your own!

[@Lycanthrope1]

Thank you so much for this short detailed analysis.

[@jennyohara4011]

last 24 hours a further 11 Billion 203 Million into overall DEBT.

[@marvinpratt257]

Virtually all debt is -ROI, Rulers don't encourage +ROI....

[@bertanelson8062]

We don't care about no debt!

[@fredz61]

Same here in NZ

[@Steven-D-Allan]

Same here in UK.

[@galupas]

Thank horse face and Labor for that.

[@duboisdvoleur]

@@galupas 50 years of failed policies did that.

[@galupas]

@@duboisdvoleur And who voted those policy makers in? Who assassinated JFK?

[@crozwayne]

@@galupasit’s Labour you bot

[@danielgant2214]

Who would have ever thought that you could make 100k and still have to settle for a less than average home, very sad.

[@basook6116]

bigger problem is USA Congress still unable or control the spending, which decrease the value of USD. rate cuts don't mean anything, except Americans lose purchasing power, and will face stagflation.

[@daveh5947]

It's a Health Drive Lena, being only able to eat once a day will reduce Obesity and reduce the demands on Healthcare. People can Walk or Cycle to wherever they want to go and get fitter.

[@Map-vw6qr]

You must not have seen the typical American cities, its a concrete jungle where you can afford so you stock up on unhealthy food that don't spoil, walking is sketchy and biking is almost suicidal .

[@williamgreaves501]

Hello Lena, I enjoy your podcasts. One litle detail that you should know. At the end of WW II there was a German chemical company called AG Farben. It was so enormous that the allies decided that it should be broken up. It became Hoescht, Bayer and BASF. The last company is pronounced by its letters - Bee A Ess Eff. By the way the 4 biggest chemical companies in the world is/was Hoescht Bayer, BASF and Dupont. More useless trivia - AG Farben had a few executives hung at the end of the war because oof some gas production that A.H. liked. This was noted when I worked for Hoescht because our warehouse manager was Jewish.

[@randyosborne3971]

Congress is for sale. On the take. BOTH PARTIES. Therefore, I'm all in on gold.

[@Stuevesant]

Until they confiscate it like in 1933 lol, by the Executive order 6102

[@Robesofbronze]

I knew older people were burden but, not a plague on the younger generations. The country is done and finished you can’t blame the younger generations for all this complete chaos.

[@TexasRiverRat31254]

Thank you Lena! I'll keep going until ?

[@frankblangeard8865]

How is it that people are still able to fly here there and everywhere?

[@Lyra0966]

Excellent as always, Lena. Would like to hear more about the attempt by the Bank of International Settlements to hinder the development of an alternative to the SWIFT system (eg mBridge) . In particular, how you think the BRICS+ nations will respond.

[@Gary65437]

Thank goodness the stock market is at all time highs so us rich people can still buy our crap without sweating.

[@jorgemoro5476]

lol. Good one.

[@steveragan2256]

Useful. Confirming.

[@pauldeal547]

Excellent, thank you!

[@Brock1925]

Nice talk!

[@jimboglen]

Always interesting, thanks 🎉

[@johncopper9133]

Thanks, Lena. As always, you are the best. Your videos are concise, informative, and interesting. You always have such a delightful way of sharing even bleak economic news. That’s why we love you so much 👍😊

[@SnakeHeadFish-v5v]

Never used a credit card for a purchase or to pay for a service, I only used a credit card to book a hotel or reserve a car rental. When debit cards became avaliable I never used a credit card again. Today I find it far cheaper to shop on line than go to a mall or big box store so I shop with a debit card. Always paid cash, built my own home and always bought used cars. Today at 78 retired a ton of money in the bank and retired in Thailand with my wife and son.

[@crosslink1493]

I'd recommend you pay with a credit card and only charge each month what you can pay off in full. You can dispute false charges on credit cards, but almost never on a debit card if someone steals your account info. If someone steals your debit card and steals money from your account its almost always gone for good. Use you debit card only as an ATM card and only at your bank's branches if at all possible. Pay cash for all smaller purchases and keep track of what you spend it on.

[@ishaks8152]

Nobody blames aipac which is a huge mistake.

[@Jeffrey-rq2gq]

Bingo!

[@jmbrown7568]

In regards to the wage/price issues, the government does a wage and price freeze until they work out the kinks in the system. When the economy starts working again, they turn on the prices but forget to turn the valve for wages.

[@darrylweidenhofer]

Thank you Darryl Cape York Australia

[@fredz61]

Hi are you guys same over there ?

[@barryshaw5660]

Very important video Lena, my retirement check buys less groceries almost monthly now. The COLA increase has always been less than half of actual inflation.

[@PeterDavila-mx9ni]

Yep. I'm 69 and retired. I have now officially stopped all discretionary spending. Hunkering down in preparation for what I believe is going to be a more expensive 2025. Fortunately, I have no mortgage, no car payments and no credit card balances. How is the average retiree surviving these times?

[@cuzmariosaidso]

Lena amazing video, great information & I love the charts!!!

[@hamdankhan4038]

Hey ma,am your contents are very informative for us and help a lot to prepare current affair ❤

[@ronwinkles2601]

I live in Hamblen Co., TN. Our restaurants are full every night, and I am not just talking fast food. My wife and I have net worth north of 2.5 million. It was 3 million but we gave $250K each to our two children a couple years ago. We have no mortgages or car payments with 3 homes and 4 cars. We may go out to eat once or twice a week.

[@kevroy1410]

Ben Bernanke and his President laid the foundation for this coming economic crisis. And this depression coming will make 1929 look like the blooming 70s in comparison.

[@marcmccook9154]

A practical view can enhance understanding and resolve, not to become blind and despairing of one's state of affairs.

[@GhOst-fv7kf]

If you have several hundred thousand dollars, it's time to move to a different country

[@Map-vw6qr]

I'm broke I'm aiming for a trailer in some godforsaken desert town.

[@beautifuldream108]

Scary 😮😮😮

[@jd4444]

Get Michael Hudson the greatest economist there is. Also Richard Werner the economist. Two of the very best ❤

[@mississippioutpost2895]

You are so Awesome

[@randyindvik1171]

Just 628 billion? What happened to the other 35.5 trilion?

[@showcaseSampa]

This figure is for consumer past due credit card debt. Watch the video.

[@darinthesecularspiritualist]

Happy Halloween. Happy Thanksgiving. Happy holidays

[@MASMIWA]

So what is happening to those seniors who are in so much debt? Do they declare bankruptcy? Are they forced to sell assets like their home? Our federal government is doing the same.

[@notchit3542]

If Americk's government don't pay their debt, why should their citizens pay

[@curtgomes]

I am a senior. When younger, I saw what happens to older people who have not planned for their later years. Life becomes extremely difficult. Vehicles are a quickly depreciating 'asset'. If you can't afford the extreme costs don't buy one! We have planned carefully to avoid these pit falls. In reality, the cost of living rise has been even worse than I had planned for or imagined. This is only to get worse.....

[@waynethorpe1341]

Maybe you can reform your Government Hopefully.

[@curtgomes]

@@waynethorpe1341 Power, Greed and Stupid voters.....

[@mtxautomotive]

Wherever we were going,,well..........were here

[@stevehuang37]

You are absolutely right .. just because of the capitalism in America that's why every things gone bad .. from bad to very very very worst .,

[@leekianseng359]

Hi Lena, the wealth gap between the rich and poor has been getting worse. The US government should speedily implement the wealth redistribution and taxing the super rich to fund more social programs for the bottom poor. Unless the government does something otherwise the US may face social unrest and even civil war going into the future.😕😮😱

[@galupas]

I'm glad that I live in Australia.

[@musterseeds1778]

Of course, The United $anction of America's Bideconomic.... backfired...only the export and the import debt to above ceiling..by free print free money$ papper..

[@beadblaster9508]

The average persons debt in canada is 200% of income. 2nd highest in the world plus we pay. Almost 500% of our income to taxes.

[@champisthebunny6003]

The us has long been a house of cards. The only thing keeping it from collapse, is that the usd continues to hang onto to global reserve currency status (for how much longer?). Once that goes away, so does the us military and economy.

[@sergebrosseau2593]

I no the économie is not good worldwise and the stock market does record days after days.

[@robcyr839]

No worries, I am sure Jerome is doing ok.

[@drumbarger420]

Your right I seen it coming that's way I been buying gold snice 2019 at 1,500 Oz they know the dollar and the economy are collapsing at sametime but I think it was planned that way