The FED JUST HIT THE PANIC BUTTON ON THE ECONOMY!

[@KellyBoettcher-qo9tx]

Im sick of this government. Gaslighting

[@redblacktichy7713]

The problem in the background is much worse than just this government...

[@christinadaly7743]

@@redblacktichy7713 It sure is , If Manhattan NYC would just magically disappear , our problems would vanish quite literally . NGO's and Multinational Corporations all snuggled up in that evil den of greed and profit ! They're so full of themselves they're trying for One World Government ! JFC this has to end

[@williamfrlopez]

It’s what they think their job is

[@love2rideone2]

Kelly I think everybody is I can't stand any political figure.

[@DrRussPhd]

I've been sick of the government since Reagan. They all serve Wall Street.

[@BoulderCityBlues]

Audit the Fed , then abolish it

[@jwayne777]

Yeah biggest bunch of bullshitters around seriously like just raise it up to 14% so that IMF can get their cut and we can learn our lesson but no no we're the spoil kid so they know we can get it more into that and pay them more interest so they're just going to let the economy run loose all the way down into the gutter and that my friends is the Fed

[@antonioprovenzano5130]

Who? He better have the best security of all time the last One was JFK who wanted to end it and you know the rest

[@qnbits]

This means high interest rates based on market fluctuations and no insured deposits at the bank. This means bank failures, bank bankruptcies. Small government. Low government spending. Small military.

[@solskengroupllp2758]

Nope. You have to have a central bank. However, you can nationalize the FED.

[@mike22446699]

Let's be honestThey cut the interest rate so the government won't have to pay as much in interest on the national debt

[@ralph95]

Gold is no good if you do not have physically control ! If you can't touch it's on paper still worthless!

[@cherlgolja5402]

I agree 💯

[@darrenoliverio7259]

no it doesnt work that way

[@TruckerBod95]

Lol so is bitcoin then its just a peer to peer money ledger system

[@TwentytenS4B8]

Correct, physical gold and silver only.

[@solskengroupllp2758]

@@TruckerBod95 With a stroke of a pen, governments can make it impossible to turn you bitcoin into actual currency. Bitcoins weakness is the bitcoin exchanges. They need to pay their employees, the light bill, etc.

[@valereehansen4378]

They're working hard to hold off the inevitable.

[@DBS417-cq5di]

Kiss goodbye the 5% savings rate forever

[@aolvaar8792]

???? 2033 That's what my crystal ball says.

[@neilrowan9800]

Wrong. Inflation will shoot up in the firsy qtr and they will start to rsise again big time. Get reafy stay in cadh for now and then crush it next year imo not an advisor

[@jim9930]

@@aolvaar8792 May 21, 2011 was the beginning of judgement day on the world - you were WARNED Where did that date come from? The biblical calendar of history has been known, published(1974), and carefully studied for half a century... about a decade ago we saw that 2033 = 'last day' go look up: Ebible2 (timelines) Declaring the end from the beginning, and from ancient times the things that are not yet done, saying, My counsel shall stand, and I will do all my pleasure. Isaiah 46;10 Because I have called, and ye refused; I have stretched out my hand, and no man regarded; But ye have set at nought all my counsel, and would none of my reproof: I also will laugh at your calamity, I will mock when your fear cometh. Proverbs 1; 24-26 T-minus 9 years and counting... The earth is utterly broken down, the earth is clean dissolved, the earth is moved exceedingly. The earth shall reel to and fro like a drunkard, and shall be moved like a cottage; and the transgressions thereof shall be heavy upon it; and it shall fall, and not rise again. Isaiah 24; 19,20

[@blackworldtraveler3711]

Heck I'm completely debt free and just glad I have the cash to ride this. Currently getting around $2500/mo. at 2.20% to 5.10% with credit union savings, HYSA, money market,and 2,3,,5, and 7yr. laddered CDs.

[@DrBaronMunchausen]

​@@neilrowan9800They will just lie and say inflation is low when it's going through the roof.

[@ralph95]

All this doesn't matter if there are not any decent jobs! Come on people wake up.

[@northmaineguy5896]

Here is a complete list of 3-letter, government or pseudo-government agencies I still trust. There's my complete list.

[@DavidWainwright]

WOW!! That's my list too.

[@andrewdonohue1853]

the Most Terrifying Words in the english langauge. i am from the government and i am here to help. ronald reagan

[@TeresaPatterson-l5o]

When Tupperware goes out of business we’re in trouble

[@nellyjohnson7316]

Do you really think Powell would say the economy is amount to go over Niagara Falls? Rule #1: never say anything that might lead to a banking panic. 😅

[@Tonymanero1960]

Now that Michael is on West Coast time his videos are perfect for watching while making dinner on East Coast time.

[@darleneatkinson3906]

@Tonymanero1960, I like your comment, speaking the time zone difference, my very first trip taking jet plane from San Fransico, CA. to Cint., Ohio I left at 11 A. M. got to my sister house in Ohio had dinner with her and her family it was 1984 year I thought that was wild ate breakfast in CA. state in same day eat dinner in the east state. I was born and raised in California I still live in California. It is very beautiful state. Because I bought my house in 1985 paid it off in 2007 year I have no house payments. just cost of living that it but it is low for me I stay single no children, and I work for about 39 years of my adult lifetime been retired for 10 years now. so, life is great for me in CA. state all about perfect decisions timing is what I seen in my own life. Enjoy your life.

[@darrenoliverio7259]

his videos are full of untruths and directionally wrong, hes a Trumper

[@trevdean540]

They will throw everyone to the wolves to juice the stockmarket!

[@KayFabe87]

So invest in the stock market to get a piece of the uptrend.

[@robertlipka9541]

@@KayFabe87 ... the problem is that if you participate in a scam without controlling it, you will be sacrificed at a time NOT of your choosing.

[@deulavremotsuk3563]

Counting on it!

[@toddsmith293]

Thanks Mike. Could not agree with you more. I for one am truly sensing 2008 vibes. I went my local Lowes today, here in Central PA, and it was nearly deserted. People simply are not spending money on anything other than their bills and groceries. Not much else.

[@TeresaPatterson-l5o]

First time in years I went to Lowe’s and someone asked if I needed help

[@CrashBr0]

The crash comeths.

[@PatamaGomutbutra]

We stop eating out completly for 6 months and so-so resturants fall out. The only very famous packed with rich people.

[@no.1son603]

If you have no money, any federal funds rate cuts are meaningless. All it does is make people with money 💰 make more money 💰. All the rest will suffer this .5 rate cut with higher inflation.

[@tubenachos]

So the people who saved, sacrificed and have money should suffer? Do better and stop being a victim.

[@WeatherHappens]

​@tubenachos, so you're saying people who don't make a lot of money, work hard and make sacrifices should suffer?

[@randersson3672]

True, the thing is being rich makes you win either way...thats why you want to be just that.

[@randomchord]

Kinda interesting how you are being attacked in the responses for stating a truth. An interesting thing to note election-wise in all this is how all the people supporting the incumbent administration for election are all wealthy people who don't fill their own tanks or buy their own food. The recent Oprah interview with Kamala and the Swift endorsement are all shining a light on the disconnect of the current people in the White House from the average person. The middle class is disappearing quickly.

[@ronmailloux2386]

So low-income individuals do pay taxes in the most insidious way. Meanwhile, politicians brag about how you don't have to pay taxes thanks to them! Paper money is for the rich to stay that way.

[@timr31908]

They'll never cut it enough to do any good at all... It is a good warning to tell you that we are doomed

[@valsomeone2180]

Of course they will. Rates will be negative again. It's coming.

[@grimaffiliations3671]

jobless claims just came in lower than expected, cuts are working fast

[@drscopeify]

They have to cut and allot becasue we in the USA have a crazy high trade deficit, every day people in America buy goods made in China, Europe, Vietnam, Mexico even Canada from all over the world and that money goes abroad, it gets sucked out of the USA, BOOM it's gone. So we have to create MORE money and debt just to keep a balance of liquidity. This is why we can have big government debts and nothing happens, we could probably have 500% debt to GDP and life moves on. We just dump it all on the world, but the world wants to make more goods then their local population can buy so they sell it to us. It's just the way it is.

[@Jay-bp1yx]

So do we buy guns and ammo then orrrrr…?

[@wxxw-pc7qq]

The rate cut does not help the middle class leave along the poor people, it only helps the very wealthy the ones that have the money and economic capacity to borrow. People in general would have benefitted with 3% increase

[@grimaffiliations3671]

lol

[@CarnivoreStork]

Thanks Michael. I can’t keep up with the financial news so I appreciate your reports.

[@phreedomphile]

IMHO, besides Michael, Doomers News Network (Melody Wright, Travis from Real Estate Mindset, and Jack), and Nobody Special Finance (Jack's morning updates) are also good sources of objective financial info.

[@curtgomes]

The FED says the labor market is strong! They must be reading their own convoluted employment numbers.. to be revised... again!

[@MrSteeDoo]

Are you employed?

[@edmund2j]

Too little too late and no way out but down. More layoffs coming. Best thing to do is save up and avoid major expenses. Stay away from credit cards if you don't have a way of paying it back.

[@geertstroy]

But that is common sense commoners commonly dont abide by and when it is already late pundits of all commoners commonly pop to the fore spouting acquired common sense that was commonly available to all commoaners , commonly in common times

[@rimizm]

​@@geertstroyYour response isn't common, but it does make sense 😏😏😁😁

[@blackworldtraveler3711]

Just heard some type of major east coast shipping company is striking soon.

[@konnick5262]

I dont trust gold, when selling it you get a very very low price for your gold but when buying it, its very expensive. Scam

[@TwentytenS4B8]

Stop going to pawn shops. At most they give you like $2 over spot.

[@joycedudzinski9415]

Exactly

[@class1188]

Where can you buy anything with gold? Nowhere.

[@bpb5541]

I agree with you. Folks think they understand gold. The don't. Just my opinion.

[@nohandlehere55]

I agree that gold is only good if you can trade for $$$. If the US goes "Valenzuela" then the world is pretty much f-ed. Buying spam, MREs and ammo will be the more valuable in a post-apocalyptic world. You can't eat gold and makes for a crappy shield. And where can you sell gold to get a fair value? Only way is to buy it thru brokers (who takes cuts) or if you're extremely rich and have the means to sell to central banks. Where are you as a normal person going to sell your Costco 1oz bars and get anything close to fair...pawn shop or some guy you met on FB markets behind a Walmart?

[@bpb5541]

I started seeing $20k cuts in housing prices right out side of San Diego. Lets go !!!! Nothing gonna stop what comes next... nothing. I am ready.

[@gugy68]

Well, must be far inland. I live around the SD coast and worst case prices are flat. Location, location, location. 😂

[@bpb5541]

@@gugy68 I am out in East County.

[@CrashBr0]

The Crash comeths.

[@gugy68]

@@bpb5541 not familiar with your area but like I said, I have not seen any price drop. People will either hold or rent if they must save money.

[@robertmanley2687]

The damage has been done.

[@rokyericksonroks]

With 6 trillion in $USD laying around in MM accounts we may just be getting started.

[@frankannis890]

God is in control. Pass the word

[@DIVISIONINCISION]

Michael: I think you're right about the Stock Market manipulating the Federal Reserve. After the cut, my portfolio continued to go up!

[@americatoday1104]

The market flashes bearish signals. It may be short-lived. A cut may cause the inflation to rise much higher and negate any gain you have.

[@DIVISIONINCISION]

@@americatoday1104 Dividend payouts will still be there. That's a huge part of my income every year.

[@kilnmaster]

Which keeps you at pace. ​@americatoday1104

[@RomanVarl]

Watch everything go up in price by 5% in October now

[@Joce123]

Alliance energy and Iowa just went up 19%... Jaspreet Singth.. Says when the interest rate dropped inflation will skyrocket even more.

[@peterwilson9327]

"We foresee a recession coming" said no fed chairman ever!

[@anomaly2990]

They lowered the rates because inflation has dropped and because unemployment is rising and because banks are in trouble.

[@MrSteeDoo]

Yeah so?

[@fraudsarentfriends4717]

It's like stepping on the gas before the engine dies. It's usually too little, too late.

[@grimaffiliations3671]

more like stopping for fuel

[@dennisburdick682]

Unless you're going down hill or over a cliff.

[@andrewdonohue1853]

it doesnt matter the fuel pump is shot

[@captainbeyond4350]

What good is gold if you don't have a government. If the government collapses gold is worthless. Food , gas, water, guns and bullets things you need to survive with would be more precious than gold . Things you could barter with .

[@DianaPrinceitiswhatitis]

This the third gas price increase in four years. It’s insane. They have raised vehicle registration fees as well. PG&E is raising prices several times a year! Cost of home, car and pet insurance has gone up as well.

[@DIVISIONINCISION]

Depends on where you live. Speak for yourself on this one. None of that affects me in Texas. Gas is also cheap here.

[@belindamiller6349]

​@@DIVISIONINCISIONnot in Pennsylvania.

[@DIVISIONINCISION]

@@belindamiller6349 Make better choices in terms of where you live. It's America. You can always move.

[@maryl234]

pet insurance is a joke - just make a sinking fund for your vet bills. Once you file a big claim - like any insurance - the pet insurance premium shoots up - have a sinking fund, but also a hefty emergency fund and pay out of pocket.

[@mopeygoff]

@@belindamiller6349 Philly. 3.23-3.25/gal in the Northeast (of Philly). Now let's talk about the 1/3 increase in assessed value of my friggin' rowhome (that I am appealing).

[@bonniemartenez5294]

Most people are trying to get through month to month at this point.

[@maryl234]

based on your peer group or actual research/numbers? Not true for people who have been saving. No need to be month to month if you've banked a year's worth of salary vs. over-consuming year after year.

[@charlottegude4204]

Titanic is temporarily propped on an iceberg 🥶

[@Joeainthere73]

This rate cut will lower my income, not including a smaller social security raise coming. I will spend less with this cut. Less trickle down. The Federal Government printed $381 billion in August. A trillion every 100 days has now moved closer to added debt of a trillion $$$$$$$$$$$$$$$.$$ every 80 days. We waste 55% of all federal spending but they want us to focus on one half of one percent. Look at this shiny thing here.

[@Donaldthefelontrump]

Don't forget the 5 trillion the fed printed in 2020 ordered by Donald Trump. Out of thin air they printed that. Then they gave it away. Since then inflation has been unstoppable. It's what happens when you print worthless money.

[@ncscooterz]

That’s code for we’re totally screwed. You better prepare yourself.

[@biekken849]

De prijs van benzine is in Europa zo’n twee tot drie keer hoger.

[@redryder8622]

I’m blessed to have it all explained in a language that is easy to understand. Thank you for sharing your knowledge.

[@reCallanan1979]

Well said! I'm so glad too that I found Michael. Just absolute pureness while delivering what we no longer trust in the Media, shame on them ALL

[@daleytab8766]

We received a call cancelation of insurance policy no claims 😢Florida is died 😳 😢 things has changed let's talk about brightline in backyard omg 😢 killing us in house prices

[@gddd7650]

I hope Michael reads this ❤

[@maryl234]

Is died? things HAS changed? What?

[@kenitsanoutragecandia3939]

We bought an affordable house down here 8 years ago. Now we have inflated property values , jacked up insurance rates to cover inflated property values and sky high replacement costs. Don't get me started on the property taxes we pay on our inflated property values to get the same old services we have always had. Now they are trying for the 1/2 penny for the kids sales tax again that passed years ago. The kids will not get the benifits. The teachers and administrators will. The highest part of our property tax bill is for a school system we will never use, like many others in Fla. The average teacher in P.B.C. makes more than the tax payer paying their salary..... just to keep the roof over that tax payer's head they supposedly "own" That is not including benifits, pension, and time off etc. By 2030 you will own nothing and like it. Hang on tight!

[@Kevinttvv]

Cash is king save it..live below your means most uncertain time in a long time Imo.

[@lazydayB2B]

you're losing money if you're a saver. buy gold, it's a non inflationary asset.

[@LizaTrese]

@@lazydayB2B can’t the government seize your gold if they want? That’s one thing that’s held me back.

[@IWantSoundKnowledge]

@@LizaTresenot if it’s hidden and you have them in your physical possession

[@DIVISIONINCISION]

Cash is king? Hard to find places to invest it to avoid inflation right now.

[@jonstone9972]

​@@LizaTrese yes they can another reason I'm not buying any gold as well

[@michaelweaver2627]

I know gold is supposed to be such a magic hedge against inflation and recession but I just have trouble putting any faith in it. It's a shiny rare metal wirh limited applications and just like fiat currency it's value is whatever you want to believe it is. I wish the billionaires hadn't bought up all the farmland as that is one of the true valuable assets in any economic time. Food production is never going to be worthless.

[@AZPropaneExpressLLC]

I bought a lot of gold in the early 2000's in the low $400's. In 2010 I needed some cash and had to go to a couple of different dealers before I could sell some in the mid $1900's. I still hold some but nowhere near what I used to. My motto now is food, ammo and booze. You'll always be able to get money out of those items.

[@angelicfurry301]

You should go and walk around the poverty stricken neighborhoods like one of them and explain what can happen when the economy tanks.

[@Mathew-zs3nz]

All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.

[@Richie-3wr]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money

[@Elizabethwells-q7f]

Right, the role of advisors an only be overlooked but not denied. I got financially free at the age of 49 with over $1.6m in investment account alone. I was shocked that I made more money with money than with hard work, even my CEO income. Earning ''return on investment'' makes me more happy. (But I still enjoy working)

[@Jasonshelton-]

congrats! mind sharing details of your advisor please? truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor

[@Elizabethwells-q7f]

Jessica Lee Horst is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.

[@DhanaPayar]

curiously inputted Jessica Lee Horst on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal

[@lemonfish1890]

I bought gas in TX today for $2.49. It is less than $3.00 everywhere.

[@franciscoburgos787]

Lol, the FED never says we’re going into a recession….. until we’re already in a recession

[@bryanspayde5681]

Florida condos are a no go !

[@Donaldthefelontrump]

All Florida real estate is a no go. They're backward. They're poorly prepared. They're on a sinking ship.

[@rokyericksonroks]

There was a young gothic guy who lives somewhere around here and I would often see him at the food court of our local mall. This guy was the whole nine yards and held sway over the teenager goth crowd. Now my wife tells me he has become a financial adviser for Edward Jones, ffs. I can die now, for I have seen it all. The top has to be in, never mind interest rates. I’m getting gothic style financial advice.

[@actualfacts1055]

Interest rates are not high, they are normal by historic standards.

[@kevinrude6731]

The economy is Bad! You are correct regarding the 50 basis points and Jerome Powell. IBM just let 8000 workers go. The auto industry is in Big trouble! Banking has closed a Record number of locations in 2024. Restaurants are in Big trouble and closing one after another. Some experts are says the Stock Market will soon loose up to 70%!

[@jeffreybaier5312]

You have been a 💯 percent correct so far, congratulations.

[@AshleysBallistics]

Jerome Powell's legacy will be one gigantic meme 🙃

[@grimaffiliations3671]

a meme of doing that impossible and achieving a soft landing

[@dennisburdick682]

You mean the "The printer goes brrrrrrrrrr?"

[@class1188]

He isnt an ECONOMIST!!

[@kkii729]

How come you're not viral yet?!

[@ragtie6177]

I live in the Southwestern corner of Pennsylvania, very close to the West Virginia State line.(Bout 20 minutes) I go there once a week to fill up my wife's car, but two carton's of smokes & a 30 pack of Beer. Total savings?... $120.00. That's about an hour round trip to save a buck-twenty. Or, as I tell people who mock that "would you work for $120..00 per hr.?" Yep-yep-yep. Gas there is on average $.40-$.65 per gallon cheaper, yesterday @$2.89per gal. When we had enough and left California over five years ago, it was $5.19 per gallon, which made me think moving across the the whole country was going to be very expensive on our calculations for fill-up's for the largest moving truck we could rent with a trailer and our Expedition on it. Gratefully, it wasn't as bad as we budgeted for, since every other state was at least $2 cheaper per gallon, than Cali. Arriving in Pennsylvania, and having to refill the tank to full when turning it back into Penske, gas was only $2.98. whew, saved about half the cost on gas.

[@DIVISIONINCISION]

California to Pennsylvania is odd. They have nothing in common. Usually people leaving California stay in the West somewhere. Most people would not want a cold climate like Pennsylvania.

[@maryl234]

Smokes? There's your first dumb choice.

[@joycedudzinski9415]

With the beer and cigarettes your health is a total disaster.

[@variousstuff6469]

You are Pennsylvania's problem now.🤣

[@jeffnoob8448]

I didn't think they would cut honestly

[@BoulderCityBlues]

Two things we are not allowed to audit The Fed and Elections ..That’s how they stay in power

[@S1513-b6v]

Elections are always monitored. There's counts and recounts, audits, court cases, judges. The problem here is you don't like the result. Big difference

[@BoulderCityBlues]

@@S1513-b6v 2020 was the most corrupt election in history .

[@higherlaw8716]

89 democrats and 4 Republicans makes up the federal reserve economist. That tells you that they don't want this crash to happen under this administration

[@PatamaGomutbutra]

The income from interest rate drop while property tax and maintanance cost stay too high as long as the home value is too high. Homeownership become a burden for fix income earner.

[@borlanderobertson5666]

What a 🤡 🌎 the US is becoming

[@raymond-i2v]

Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.

[@Jeffery-f2e]

Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.

[@SarahBrown-h7n]

Having an investment advisor is currently the best way to approach the stock market. I was going alone, but it wasn't working. I've been working with an advisor for a while now, and last year, I achieved over 85% capital growth minus dividends

[@SarahJeffy]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@SarahBrown-h7n]

Jessica Lee Horst is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Fred-w7t]

I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@lol-ld3jh]

Gold hasn't even matched inflation.

[@Maynardd]

Finally, someone who gets it.

[@bubbajones4522]

You're correct however it isn't a short term investment. It's a hedge against the dollar fiat collapse. The amount required to pay just the interest is growing exponentially. This is a ponzi scheme that is nearing it's end. The Great Reset is the collapse of the world fiat ponzi currencies and the introduction of a new currency/currencies. These new currencies might be initially gold based as most fiat currencies like to dollar once were. BTW, he fiat dollar just reached a new low against gold.

[@backrack01]

I moved my 401k to a low risk account a year ago when youtube said the sky will fall then. Could've gained a lot of ground on it if I wouldve just left it alone... but maybe I was just ahead of the curve :p

[@afisanaa]

Gas is $3.03 in Palm Beach County, FL today

[@DIVISIONINCISION]

Diesel is $2.65 in central Texas! These are good prices.

[@grimaffiliations3671]

trump can't catch a break

[@itsallperfectlynormal9805]

$3.59-3.99 today in MI 3.99 was just off I75 exit. Don't get gas right off the highway!

[@blackworldtraveler3711]

I'm seeing gas at $2.62 in my zip code in Oklahoma today. Lowest is $2.56 at Costco and Sam's Club.

[@deulavremotsuk3563]

Traditional pre-election gas price manipulation.

[@picklerix6162]

They’re lowering rates before the election.

[@bpb5541]

I support wherever will help keep Trump out of the whitehouse.

[@winniethepoohandeeyore2]

Yet mortgage rates are going up...

[@corpo24axisallies44]

I live in Novato! About 1 Mile from Bel Marin Keys. Novato is the most affordable place in Marin and the weather is warmer than southern Marin

[@MarkIrmina]

There is a misunderstanding. The FED isn’t lowering interest rates by their definition they are trying to get rates back to neutral. What the FED considers cutting rates is any rate below neutral so anything below 3%

[@anomaly2990]

Jerome Powell isnt even an economist.

[@DIVISIONINCISION]

What are his credentials?

[@HillyBill38548]

@@DIVISIONINCISION. Globalist puppet

[@gulfstu]

mike......be honest u miss miami........the yachts, jet skis, rain, greenery, soft sand, warm water, mamacitas

[@rickhiggins6521]

Cutting rates SOUNDS like something good.

[@lakelvp]

Can anyone document the last year J Powell saw the inside of a supermarket? 😂

[@kathyschlect4852]

🤣😂. Exactly.. you nailed it… probably had limos on tax payers coin

[@user-wc1bg8th4z]

The car manufacturers have run out of dummies to sell electric cars and trucks to. Buy an electric car and you will regret it.

[@karls4451]

Wow wherever your walking has a bunch of 1990s 30 year old dodge trucks not really rich people cars or trucks wow

[@Nismo1983]

We’re is Aftermath of pandemic 😷 Economic wise Everything looks normal even everything is all time high but it’s not Now you gonna see the aftermath Of the pandemic next 12 months just like 1929 history repeats it self!

[@Cryptocafe420]

Gold is great until the government wants it… Germany 🇩🇪 showed us that

[@christopherstimpson6540]

The 50 (bp) is only $10 difference in a car loan payment.

[@weatherlou]

Isn’t it the best economy ever…like in history? 😎

[@kenlang2154]

Another good one Michael 🎉

[@rook9309]

The cut is good for business.

[@AshleysBallistics]

"Best economy ever!.... Why the rate cut? Don't mind that? 😅" - Jerome Powell probably

[@grimaffiliations3671]

called being ahead of the curve.

[@DIVISIONINCISION]

@@grimaffiliations3671 50 bp is not ahead of the curve. Ahead of the curve would have been 1% and 6 months to a year ago!

[@ilc-nl3yy]

I work nights, and I've been seeing more repo trucks towing cars than ever before.

[@class1188]

Same here its 24/7 repossessions.

[@TeresaPatterson-l5o]

He’s the head banker he just pockets as much as he can he knows his job is about to dissolve then he will see how everyone else feels

[@the_derpler]

Make driving super expensive. Make them pay for the externalities that they pretend don’t exist.

[@Curlyblonde]

False bravado, putting on a brave face. Just like Elvis is still alive and hiding in plain sight from all of us.

[@RichAllenza]

There is a gas station in Burbank, California. That has not changed their price in at least a year and that price is 5.99 gallon for regular gas cash priCredit is 6.09A gallon. That's in BURBANK!

[@whalerlife53]

Gold has never been worth zero.

[@TeresaPatterson-l5o]

He’s a lawyer not an economist so now we know the real Fed agenda

[@actualfacts1055]

I hate it when they say that bond yields are going up, they should say that bond prices are going down which increases their yield. They don't say that stock dividend yields are going up, they say that stock prices are going down which increases their dividend yields.

[@manonmars2009]

My bank abruptly withdrew their 8 month CD at 4.25%. I wonder why. Gasoline here in central Texas is $2.41.

[@rasserfrasser]

I'll never forget that PG&E was the company in Erin Brockovich.

[@metoo5004]

Manipulation...... election year

[@bryanspayde5681]

If your condo fees are hire than your taxes on the property ! Why purchase..

[@DIVISIONINCISION]

Higher? Are you high, Bryan?

[@bryanspayde5681]

@@DIVISIONINCISION lol

[@S1513-b6v]

Here for my daily doom and gloom update. 🍿 50BPS cut= THE SKY IS FALLING! 25BPS cut= THE SKY IS FALLING! You pretty much would be making the same video either way. 🤷🏻‍♂️

[@AlI-hg3xt]

You are spot on. All this doom and gloom made me miss out

[@Jeannified]

Preach!

[@markmywords9372]

Wait till California start taxing fairy dust and vibes.

[@toinengwyn3935]

If there is a hard landing/recession as hinted by the large rate cut, then the 10 year treasury yield will most likely be lower than it is now, far below the predicted 4%.

[@pdel303]

I'm sure the fed has the common man in mind. Whether he's got a mind to fleece the common man is another story.

[@solskengroupllp2758]

Gold is insurance. It is not an investment. With the stroke of a pen, the gov you lov could outlaw your physical tomorrow like they did in 1933. If you own gold, make sure it is real US coins from the mint, not bullion or it's vaulted outside the USA.

[@ncscooterz]

I disagree with the sentiment that gold is money and bitcoin is not. Both of them are a store of value, and neither of them are money in the traditional sense of currency.

[@BigbillFairbanks]

Don't feel bad for people in California with their gas prices. They voted in extra taxes on gas just a few years ago.

[@MrSteeDoo]

are you looking for a free lunch?

[@emorales6988]

Watching Popeye as a kid taught me how to get in debt I’ll gladly pay you Tuesday for a hamburger today😂

[@llew-AZ]

Maybe Trump wanted to jumpstart the process before his 50% chance to win?

[@MikeLockheart]

If I was rich, or had extra money, I would put a huge amount into gold. Like millions. and then buy the world's best safe to keep it, hide it in.

[@ReiShirouOfficial]

Commercial real estate has a trillion due next year for refinancing am I correct? Are they bailed out now?

[@Seafarer62]

Yes, this is one of the nastiest facts that few wish to discuss. Many large downtowns are dead for good.

[@lazydayB2B]

too big to fail. privatize the gains.... socialize the losses. it's always win-win for the economic and political class.

[@bpb5541]

No you are correct. It is one of the 16 black swans I am watching. The issues is still very much there... just no one is talking about it. But with contraction, unemployment going up not down. CRE will go down even further. Which means there is going to be a massive collateral crisis in just that alone... it will not stay contained.. it will move elsewhere. When it does. It's game over. But I don't think that is what starts us on the crash. I think that is banks going under again.