People Have STOPPED PAYING THEIR BILLS!

The Chicago FED just reported a deep concern for the rising delinquencies on all forms of consumer debt, including credit card, delinquencies, auto loan delinquencies, student loan, delinquencies and non payment of rent. This cascading wall of debt is not only hitting consumers but the U.S. economy as a whole as businesses are also reporting a slowdown in hiring and more planned layoffs coming.
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[@MichaelBordenaro]

MAJOR Housing Market LIES BEING TOLD RIGHT NOW! kzbin.info/www/bejne/bYG7iXqBn8ieqtU

[@thetruthalwaysscary]

Bro I am here is South Florida as well (same industry) . Couple years ago when I said some that you post now you were almost laughing. You did a 180 and even stopped selling. I think you are growing.

[@ekimbrough1413]

Totally agre Micheal!

[@issenvan1050]

Why no timestamps?

[@nuclearchris832]

Micheal you say guess what? Too much

[@debbiec6216]

I do think ahead by 1 - 5 , 20 years ahead etc . that's what made me plan ahead, invest, save money, pay off debt / home and retire early . I had all this vision at the age of 17 years old.

[@amateurcrastinator9523]

Let's be real. This is all by design.

[@marygoff3332]

100% - finally someone gets it.

[@bclements011]

It's exactly what ushers in the mark of the beast. This is going to get much worse.

[@MyVisualRomance]

EVERYTHING is planned out in advance.

[@playbook008]

it was done on purpose by the tyrannical feds!

[@hanzwind]

Always is. Most people cannot see above the corn growing.

[@user-pr8op7px7f]

If only the entire nation would stop paying their taxes.

[@informationservices]

you dont even need that, you just need juries to start saying "not guilty" unless there is a specific victim who isn't the govt

[@GS-mh6ub]

AMEN!

[@CharlesXavier8]

They would just use AI to blackmail us

[@walkingwithstarz935]

Amen.

[@traycarter6155]

Exactly

[@DetroitLionsStuff]

It is cheaper for my family to buy a round trip plane ticket to Bulgaria (where my wife is from) and get medical and dental procedures done there. Than to drive to the doctor down the road and get treatment. This country is a joke.

[@jeremybarlow2291]

It is less expensive & there are less headaches for my cousin to fly to Mexico and get an MRI on her shoulder than to get it done WITH insurance here in the US. Her insurer has denied her an MRI for six months and has her do physical therapy which has left her with a numb arm she cannot use and they continue to deny her the MRI. If they grant her the authorization to do it, it will still cost more than a ticket to Mexico & the $100 to get the MRI. She still won't listen to me about making the trip.

[@fdd7002]

Universal healthcare

[@snowbird6855]

​@@jeremybarlow2291 Could be frozen shoulder. Physiotherapy fixes it and you can look online for gentle movements and exercises to correct it. It took me 2 weeks.

[@becaSidekick]

@@fdd7002 Universal healthcare means people have to pay their taxes and taxes go up when they (the government) need more. It's not cheaper, it's just not on you to pay for it. Lol!

[@sashanealand8315]

​@@becaSidekickwe are paying and paying for it already we are just not getting any service

[@samsaldate5828]

I make 60k a year and I have completely given up on ever being able to afford a house. I will just continue to work and live in my apartment until I get priced out of living in an apartment and then become homeless. Homeless at 60k a year what a joke!!!

[@homuchoghoma6789]

Забавно) Я то уже давно бездомный) Я тут прикинул, у меня где то в год 8000 долларов выходит, ну может 10000, не больше. ) Быть бездомным это плохо. Но соответственно и расходов таких нет. Благо что медицина у нас во многом бесплатная и дешёвая. В жизни не брал кредитов. И никому ничего не должен. Есть крыша над головой, бесплатное электричество, тепло, вода, интернет, работа рядом. Пусть всего 600-900 долларов в месяц, но и не нужно убиваться на работе за лишнюю сотню долларов. Жизнь коротка.

[@IsaiahMiguel]

How tf you making 60k and still can’t afford a house? Are homes 1 million where you live? There is something you’re lying about

[@patrickh9995]

From VT here - thats just about what a lot of houses cost on what would be considered "desirable" land. Even a shitty house here is probably like 80-100k (if you're lucky and okay with a fixer-upper)

[@PointsOnly]

Plenty of places you can get a nice $250k house for $2k a month. Rent a room out for $800-$1000 or even 2 rooms. That's what I see some people doing. 2 rooms rented almost covers the mortgage and other people are paying it for you.

[@Ren3gade]

@@PointsOnly You just told this guy that if he wants to be able to buy a home, he needs to rent two bedrooms out. Do you not understand how insane you sound? THAT'S WORSE THAN LIVING IN AN APARTMENT. PEOPLE BUY HOMES FOR PRIVACY.

[@purplehayes33]

Sadly middle income is now low income

[@spaceindian3769]

And they have been warned for decades😮

[@bubbajones4522]

When the globalist bankers massively counterfeit to currency and send to foreign countries this is the result.

[@YanilleCastillo]

Yep !!!!

[@YanilleCastillo]

💯

[@MplsMaven]

Low income is now poverty.

[@MichaelPaparelli]

Slavery didn't END. It just encompassed all the races.( charles Bukawski).

[@m4c4c0]

Wage slavery; you don't have house, feed, or care for them in any way. The value of their labor trades on a market that can be manipulated with immigration and they pay the tax on it themselves; chattel slavery doesn't hold a candle in comparison. The civil was just forcing it into agriculture.

[@NeverTrustGovrnmentOrGlobalist]

@@m4c4c0 The problem is too much inflation. Throwing more money at the problem will only make inflation much worse. The real solution is get inflation way down, make America affordable again. That would be a good Trump slogan.

[@danielgardner394]

Yes! a cheap fake gold pair of sneakers for 200.00 and an autographed Bible for 60.00. Trump know all about lowering costs.

[@GeorgeOrwell-yz6zx]

​@danielgardner394 People can offer all kinds of stuff and as long as I am not forced to buy it I dont care. What I do really care about is taxes and inflation which can't be avoided

[@allyjay7395]

I always say "people think they're free bc they get to choose chicken or beef flavored ramen noodles as they slowly starve to death." Obviously the most extreme example but it's true. Varity, sweets, luxury goods and entertainment distraction while the corps pillage the land out from under us.

[@bonelessthincrust]

I hope to see the hard reset happen sometime in my lifetime. Many of us have nothing to lose at this point. We aren't married, no kids, no property, just being endlessly taxed only for the overwhelmingly majority of it to go to Israel, Ukraine, illegals, and other nonsense. I'm beyond ready.

[@Teeveepicksures]

😂 ok

[@jarekmichel5113]

I don’t disagree we need something to change… but a reset, of all things? Why just let war get to that point we need the reset? We the people needa step up n make an awakening happen not let a reset happen.

[@shannoncook6208]

I'm with it.

[@Magnus0891]

Vote for Trump or keep drowning in misery….

[@trevorphillips2868]

Vote Trump or become a 3rd world country.

[@iccee571]

I lived in Riverview Florida for 5 years. Am a widower. Was working 65-70 hours a week. Mortgage went from $1800 to $2200 a month. Major increase in home insurance. Moved to Arkansas. Have a beautiful home. Am working 36 hours a week. Much happier.

[@urduib]

Great to hear someone doing better in all this mess 🎉

[@Sy-Con]

Good to hear your loving NWA! I immigrated here in 2001 from Canada! We do Utilites and earthwork in NWA and show behind the scenes on our channel!

[@BradyMcCabe]

How is the climate, jobs in Arkansas, seriously. Never thought of that as a relocation destination as a lifelong Floridian.

[@smithsterj]

I live in Florida and the avg rent for an apartment is now $1500-$2100 a month.

[@user-lo4sh1ig3x]

Move to Moscow, Russia! Won't need to pay near as much with all conveniences and free high-tech healthcare...

[@thepuffin-ss9ln]

The "leaders" in this country look like people stealing the silverware while the titanic sinks

[@ThePoehladian]

100%

[@MichelleF1320]

The beauty of that is that the silver they are stealing will help them sink faster once the boat is gone. 🤔

[@albertgrant1017]

Well stated !

[@louisbuzzi869]

Good one.

[@davidanderson1883]

Trump eliminated the Consumer Affairs Bureau, which protected us from price gouging and the price gouging went on a rampage. Biden has been pleading with the MAGA lead House to introduce legislation to address it. That is where the problem lies, Trump allowed business to go to steroidal price gouging, no oversite nor govt. intervention anymore. Biden is the only candidate addressing these issues, but the MAGAS will tell you they are all corrupt, when the ones yelling the most are supporting the corruption.

[@JustSomeGoy]

Our government doesnt pay it's bills, why should citizens?

[@bGzzzzz]

Tell me about it! They borrow and then when they can’t pay it, they increase their debt limit to borrow more

[@hudsonaable]

yess

[@annfarmer9704]

the wealthiest don't pay taxes, why should we shoulder the majority of taxes due?

[@Fendigirl23]

💯

[@JustSomeGoy]

@@annfarmer9704 our taxes don't even cover what interest payments would be on 34 Trillion of debt.

[@TheMagicCrafter]

I believe it. This country is on a downward spiral. 😕

[@genigeni9335]

You believe right! All by design! Your government is deliberately crashing the economy. That is why there was a tampa drill by the military. Once the economy crashes, chaos will ensue and crime etc. Prepare

[@itsmeDaddyStu]

Yep since the 80s

[@Headloser]

What you expect? USA spend over $700 billions dollars a year on Military stuff and found out that they way behind in Artillery shells. USA in a debt of 30 trillion dollars now.

[@thesockpuppetguy7626]

I work in a bank. ROUTINELY I see this 1. >75% of the credit limit used on a credit card 2. Huge increase in HELOCs and cash out Refinances 3. Increase of Cash Advances of the credit cards (routinely charged at a higher rate) 4. Increases in just the last 3 months of delinquent debt 5. Increase of credit cards applications 6. Banks are now rolling out "No credit check" loans where they only look at your delinquent debt and not your credit as long as you hit certain criteria

[@Spiinellii]

how tf hasn’t the economy crashed yet on that

[@billbonu1639]

IT'S ALL TRUMPS FAULT!! LOL

[@13lood13ath]

Dear citizens of the US: If you change nothing, nothing will change. We need to unite and take our country back, rather than continue to sit back and watch it all burn. The choice is OURS.

[@govcorpwatch]

"Dear Americans, IRS taxes are a fraud."

[@michaeldavid6832]

They will change things soon -- when they start to get legit hungry. Lots of calories to go before thenl

[@PowMia]

World citizens need to unite. Imagine!

[@Luke-rn3sw]

Unlike most countries, The US has the "resources" to reverse this.

[@markhoskins5208]

​@@Luke-rn3sw But not the will to change it

[@sts242]

All I'm gonna say is I'm old enough to remember when mom stayed home and dad worked. Those were the best days in America.

[@dukeblue3793]

@@badinstinctsKZbin-xb3ojno dad is still out working trying to make income just like mom

[@1227Masher]

I work and my wife stays home. Choices made when we got married 23 years ago. It can be done - but it requires sacrifice. Very few of my friends wives stay home because they say they can’t afford it - yet they make more than we do!

[@chrism5859]

It can be done. People don’t want to live in lower cost of living areas or buy smaller homes. I grew up In a 1400 sq ft home, two parents and 3 kids and we did just fine. People in my family turn up their noses at me because we live in a large double wide, but we have a great property and are perfectly happy here with our very low cost mortgage and in a low cost of living area. I drive an old Ford Pickup, and we have a 16 year old family van. You know what? We are happy and can afford to do fun things.

[@Cosmo4357-mj1tw]

You're right. The lady next door to me works all day long. Her husband just sits around his house all day.

[@blabla9845]

And grandma’s on OnlyFan’s showing a little too much ankle.

[@RkicF8]

People should pay their bills and stop paying taxes to an illegal government.

[@akademesanctuary1361]

Our home insurance went up 50% in two years. The amount insured didn’t increase. We’ve never made a claim in 40 years. We just fix ourselves and treat the insurance as cover for total loss. A month arguing with the insurance company and we reached the conclusion we are better off just rolling that money into our portfolio. We own the house outright anyway. No one is holding a gun to our heads. The insurance company lost all our policies being greedy.

[@RhinoStompin]

Much Love... YOU NEED TO STAY HYPER AWARE THOUGH. IN THE SAME SENSE THAT IF YOU DON'T PAY VEHICLE INSURANCE THE INSURANCE CO WILL RAT YOU OUT TO THE DMV... THIS SHIT IS SO FUCKED I WOULDN'T BE SURPRISED IF YOUR HOMEOWNERS "INSURANCE" DOESN'T RAT YOU OUT TO THE SYSTEM AND MARK YOUR ADDRESS FOR UNJUSTIFIED ILLEGITIMATE HARASSMENT. (BANK SHIT, CITY SHIT... YOU NAME IT! SHIT!!!)

[@billgates-qi9st]

dont pay it then! Why do you need insurance anyway?

[@boundariessetinstone5893]

Just put same amount in a jar, drawer or mattress every month that’s what a few ppl I know are doing. Imagine if you put $400 a month times 40 yrs of home ins money in a jar. You’d have $192,000 dollars put away you could buy another house in a cheap state for that.

[@shannonspage9360]

What state are you in? Insurance goes up as risk of loss goes up for an area. If the insurance is going up that much you may want to know why.

[@maryamaghaian393]

This is happening in CA! Supposedly there are way more claims now and the Insurance companies are loosing money so had to increase premiums! Bull!

[@Timbodacious]

People went to war to fight like 5% taxation, now people pay roughly 30% income tax PLUS taxes on all of their purchases and property. We failed ourselves by letting taxes increase.

[@russtyruss_i-Invest]

Remember that when you retire your social security will also be taxed income. Sickening.

[@b_reel]

That’s why the only things I invest in are silver, gold, seeds, lead and myself. Won’t get rich over night, but you can sleep at night.

[@nickb654]

We can spend our money where WE decide to. We already pay well over 50% of our income in taxes and use fees when you look at all of the ways they hit us. Unavoidable 22% federal income tax for many people and more for some, 15% payroll tax (medicaid, medicare, unemployment insurance, social security insurance), 7% sales tax when you buy anything, 5% state income tax, $4,000 plus per year in property tax, gas tax, tags, title, registration, food tax, tire disposal fees, utility taxes, TSA fees are more than some plane fares, mandatory insurance for cars and health and a long list of other types, hunting and fishing fees for licenses, driver's license fees, trade licenses to work. Everything else you buy has been inflated and costs more because those manufacturers, transporters and widget processors are being tapped too so of course they have to charge you to cover their bills. On and on. Cease and desist with government imposed burdens. People over 60 should be exempt from income taxes altogether. End some of the government services and spending instead of thinking up new ways to tax us for more government services. Once one service is created we should end 2 or 3 old ones. Especially the policy allowing social security recipients to adopt their own grandkids to get an additional 50% of their retirement per month. That's right. Straight from a Social Security reps mouth, $1k plus extra per month for the child. May as well give a universal basic income like the communists in CA and NYC want. A scroll as long as the Jordan river with more such tricks. Now do you still ask why the USA is $35T in debt? Some will say only a 30% tax burden. ONLY? Who in congress will stop the spending?

[@loganqueenan4937]

Not to mention America is the only country that taxes citizens outside of their country

[@ebe7157]

No... They went to war to fight taxation WITHOUT representation. We, the idiots keep voting for the uniparty and expect different results.

[@easyranger6898]

I word two jobs - one pays 125K and the other pays 60/hr and I put in 35 hours a week on average at that job. I am probably heading to bankruptcy and I own absolutely nothing. I have no school debt, no fancy cars, no assets of any sort, I haven't gone on any vacations in a decade. What killed me is medical debt and medical costs that were put on credit cards like medications. My wife needed cancer care and insurance wouldn't approve medications she needed when she needed them. I paid out of pocket and she's alive and in remission and our children had a mother to see them graduate from school. However, it cost me my house, my vehicles, my savings, my 401K, and I'm over 100K in debt. Basically I had to come up with funds or she would die. It is neither exaggeration nor hyperbole to say that it was like a hostage negotiation situation and I had to pay or watch her die in front of me. Unless you've got eight figures in the bank the medical world can destroy you financially so quickly it will take your breath away.

[@pamspencer5733]

Criminal!! March on DC! Fascism is here now! So scary,heartbreaking!

[@user-cv2ij8fh7r]

Praying for you and your family. God please this man and his family!

[@alexanderburgos4731]

Glad she is feeling better, you guys will bounce back. Keep your head up

[@unknownmarker]

Im gonna pray good fortune comes your way. It cant hurt and who knows. I believe prayer has power.

[@joesmith9216]

THE MEDICAL MAFIA is terror, you really just said it so well what happens, are you even aware of what they do???? you have to pay them everything you have to stay alive. ALSO, what type of cancer did your wife have if I may ask? breast cancer is from the iphones, and cancer in general in younger people is from the iphone.

[@sabodebol3836]

The 1 dollar 💵 value is $.05 cents and if you have $10.00 dollars 💸 its buying power value is $.25 cents. This is the best way for people to understand.

[@baloog8]

If I go to a store I can buy a carton of 24 eggs for $10. $.25 will only get me a gumball. So I dont think that is true yet.

[@barneyrubble4827]

True... as compared to dollar's value 100 yrs ago. INFLATION... is the actual reduction of the dolkar's value & has been going on for many decades. Controlling inflation at 2% as stated by the Fed is just a slow boiling of the frog. Using just 1 commodity to draw a conclusion here is bad analysis.

[@sheisofthewoods]

When our health insurance was more than our mortgage and it takes 4 months to see a doctor who doesn't do anything for you... We dropped our insurance and jumped on a well researched health share.

[@raycecil4643]

I never stopped working, never got a jab, never wore a mask, never counted on the government. I did great in the Trump years, a little worse in the past 3 years with Biden. BUt I am still getting ahead, because I keep working. I keep improving my land, house, career, body....every day I try to do something in a positive direction. People like me will always be ok, however, we are SICK of being taken advantage of.

[@JoannaGraceYoga]

Same

[@dagmarmarionkidwell-to9ub]

Me too same here

[@crybbysckatit]

Yup

[@heatherspencer4058]

I wish I could have worked. Here in Canada we were forced closed for 8 months. My business suffered as I still had $3800 per month expenses, no income. I took a government loan but took 2 years to pay over half back. Now I pay interest and taxes here are nuts. Our gov is killing us here. I was middle class, now more debt than I can keep up with. I'm legit scared here. Ca Ada is blowing money like crazy, but ignoring our own issues. 80k here with kids and renting. Taking it down to paycheck by paycheck and side hustles :(

[@TheGosslings]

You’re not listening. No you won’t.

[@zPersius]

"Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don't need to impress people we don't like." - T.Durden (Chuck Palanhiuk)

[@1J_R]

not me

[@Squidbush8563]

LOL Like we can afford cars and clothes!

[@CBourn48223]

@@Squidbush8563 Look on the bright side we got enough to fund conflicts for countries who have been at war for centuries.

[@helenkentwell5042]

It’s all just lip service. They know very well what’s going down. All by design.

[@Trash_Panda6219]

In Tyler we trust!

[@MetallyCorrupted]

It has been ridiculous, 2 years ago I paid off my debts other than the mortgage, right now i'm looking into a bail out again. Not because I have been careless but the cost rising and no pay increases, Was told only because of my skills I have avoided the layoffs. Things are tough everywhere right now.

[@ETBozz78]

I feel that similar situation with my wife and I, car's we paid them off felt relief for a moment then boom. The state of everything has anxiety in my chest that I have to stuff down to keep going or I'll spiral.

[@billbonu1639]

What are you talking about?I just saw on the news last night that the economy is better than ever

[@ronc3348]

This economy is unbelievable. Something needs to give.

[@billbonu1639]

It will trust me! and it probably won't be pretty.

[@thearch1tect249]

The one guy I work with said and I quote "why bother because it doesn't matter whether I do the right thing or the wrong thing, the outcome is the same". When normally moral and ethical people start speaking and acting this way we are in big trouble folks!!

[@spaceindian3769]

Since 1913

[@garymensurati1631]

Agree 💯💯.

[@thearch1tect249]

@@spaceindian3769 I agree. The Federal Reserve Act of 1913 then the nail in the coffin was the removal of the gold standard in the 70's!

[@HillyBill38548]

@@thearch1tect249. Two days before Christmas when the majority of Congress wasn’t even in DC. Wilson regretted his decision later but at that point it was to late.

[@Laney_75]

Systemic economic failure, there becomes no point to the system other than failure & a small collective profit from that failure

[@JvilleNC]

I just lost a co-worker a couple of days ago due to the high rise of my job insurance premiums. He didnt enroll this past year cause he needed the extra money for bills. He rode a bicycle everyday to work. To save money. He fell off his bicycle about a week ago and hit his head. Didnt tell anyone. Few days later went to sleep and never woke up. He was only in his early 50's. His death could've been prevented easily. In trying to save more money to pay for the cost of living. It ended up costing him his life.

[@goldkats]

That is so sad 😢

[@NN57143]

I'm so sorry. That is heart-breaking...

[@genevandyke4088]

Wow , how’s your boss feel for not offering health insurance in the pay package

[@JvilleNC]

@genevandyke4088 I don't know. We have open enrollment every November. But I insurance is trash. But like I said in my OP my co worker needed the money more

[@Jane5720]

It’s so sad, it’s happening to more and more people

[@GenXMafia]

Why pay bills? It’s all going to be over soon anyway. Take whatever you have and max it out. F it!

[@user-xj4hx5vd7b]

if i get a home in the future that i become unable to pay and they threaten to kick me out im just gonna barricade it fill it with wood chips and tender and wait for them to be right outside before i turn a tinderbox into thermite.

[@antonishacooper6083]

@@user-xj4hx5vd7byou never really own your home anyway. Stop paying the property taxes and it good as gone.

[@william17271]

I agree! Dont save it for a rainy day😂

[@user-xj4hx5vd7b]

@@antonishacooper6083 they can comb my bones from the ashes.

[@vdubing01]

I'm a trucker for a large company. We recently received notice that freight has shown down so much that it's putting pressure on freight companies.

[@niceguydmm]

First mistake! Sending our jobs overseas with NAFTA! Second telling everyone they need college! Our parents got wealthy by working in Mills, factories and owning businesses. Now its all made in China. Now all those empty factories that our parents worked are closed. Now we outsource jobs to India! Yeah that's why. Everyone wants a sit on your ass job and those are overseas now too! Thank all the CEO's and Government! My dad got his wealth with a 11th graded education. He was a plant manager in a textile mill for 30 years and started out as a floor mechanic. He spent his entire life working for the same company and retired very well off with a nice paid for home, owned two 40ft boats on the lake, owned land etc... We sent all that overseas to save money for the CEO's.

[@RonaldSkancke]

It's not just CEOs it's the shareholders too. The stock market is totally overvalued.

[@susanh1447]

I went to college, then went to law school. I make 7 figures now and used on-line courses to become an entrepreneur. I don’t use anything I learned at university.

[@user-km6xc9nm2w]

The North American Free Trade Agreement sent our jobs overseas? No. Maybe you should look that up. Anyway, they were already doing that long before NAFTA.

[@MonsterHunterPV]

💯

[@niceguydmm]

@@user-km6xc9nm2w Yeah but in my area after it passed all the machines shops closed due to so many going to Mexico! I know Talon moved soon as it passed and closed. I worked there. I went back to school paid for due to NAFTA for 2 years. So it did cause a lot to leave. I guess Mexico is not overseas.... :)

[@colindecker6452]

We are living in the absolute biggest “I told you so” moment ever.

[@marcgranger4786]

And what is the “I told you so” because Trump is the main reason the middle class is suffering right now if that’s your insinuation

[@colinblaine3552]

@@marcgranger4786 Trump hasn't been president for nearly 4 years. Try again. This current administration is printing money and lowering the value of the dollar at unprecedented rates to keep a war going that doesn't involve us whatsoever. Open your eyes. This current problem has everything to do with the current government spending us into oblivion.

[@rickjames4031]

@@marcgranger4786wisdom never caught up you, you’re still outrunning it by far.

[@Emerild]

​@@marcgranger4786 krinkle krumpf didnt do all this. we've been on the bad track since ww2

[@BraveNewWorld76]

@@marcgranger4786too much CNN and MSNBC will rot your brain.

[@stevenhanson6057]

The saddest part is how in the same sentence people talk about going broke and buying a house!

[@Esmoure]

Which is what led to the 2008 crises.

[@mattsmith496]

Its the same here in Australia the cost of living is just out of control its a bloody joke.

[@TheBritishWay1]

My Wife is a Professional violinist and plays at weddings, parties, private events etc. They just passed a bill here in South Carolina, not sure if it’s gone nationwide yet but this one is a sign of what’s coming. A 15% entertainment tax now. musicians now have to have this legally deducted from there pay check on the spot. No more 1099s being handed out come tax time. And 15% is a ridiculous amount. After she takes out her gas, parking, food, for a three hour gig at a wedding. She’s now left with about $70. America is going backwards. Where’s the incentive to work anymore? We have out of control inflation. Totally unaffordable housing. You have to be living on another planet or multi millionaire if you can’t see or feel what’s happening here!

[@roymoxley2587]

Cash only f them

[@TheBritishWay1]

Absolutely I agree. But when shes contracted out, she gets paid by check minus the 15% “Entertainment” Tax.

[@Fanta....]

work 15 percent more peasant, the gubbermint needs more money for surveillance.

[@shawnbruce6934]

That's Ridiculous.

[@hennagaijin7856]

More Americans need to move out of the country where life is more affordable! It's that simple. Do you know how many Californians live across the border in Mexico? A lot! How many East Coast people are moving to the Dominican Republic? I would guess quite a few. Living in South Carolina is not your only opton.

[@rubicon3416]

Never confuse having credit with actually having money.

[@PortlandEast]

It’s only been weeks

[@Mushamman]

This is exactly true. The word "credit" when it comes to credit cards is a bit of a misnomer. It is not credit at all. Credit is money in the bank. A 'credit' card is a license to go into debt. Knowing this alone about credit cards has allowed me to own one with an 11k limit for the past 10 years, and keep the balance at zero even to this day. The trick is to never make large purchases without having the cash on hand to pay the balance. Yes, that means I'm renting my home. But, today, I am 100% debt free and I own everything in my possession, including 2 vehicles and an RV.

[@randymillhouse791]

Yes! I like being a deadbeat. In the credit card industry, a deadbeat is a person that pays off their balance each month.

[@Mushamman]

@@randymillhouse791 My credit card company hates me. They went so far as to call me reckless when I was on the phone with them a few years back, because I keep paying off my debt each month. They even scolded me for NOT owing them money! 😆

[@user-db4ke3if6t]

Im 28 i buy everything on credit... my credit score is 800. I was homeless at 18.... my house im paying less than 2 percent interest on. Timing and paying what you bought helps.... mmy credit card im guessing reward me close to 1k a year in points. ​@@Mushamman

[@roijaxen5674]

I am living in Thailand, which is technically, a Monarchy. In a Monarchy, the King owns everything. The land has "title" papers and most forest land has no papers to assure permanent rights of transfer. So the papers only identify who gets the privilege of paying taxes to the Crown. I gave away my land in the US when I saw that ownership there means the same thing. The responsibility of taxes to an imperial government. If you fall behind, everything can be taken from you by local and State government. My SS is less than $2000.00/month and 80% of that can be used for discretionary spending. I don't use insurance, personal transportation, or land ownership. But I had $1000.00 to spend on four men and 3 heavy machines to dig a pond on the land I rent. Then I did another pond, the next month. Now when the war parasites eliminate SS to "save," the budget, I will eat fish and water corn. I agree with you that consumer debt is going to take the US down.

[@user-sp4gy7ko5l]

Hope you grow some peppers too much luck.

[@brianabramsjr.7245]

Thank you for this message! This is all truth. I live in a decent area and just had neighbors abandon their apartment because they couldn't pay. I plan on moving at the end of my lease as costs are rising. People are feeling the pain now.

[@findmeanewplanet]

I live in Tampa, Florida. My homeowner's insurance was $2400 in 2023 but increased to $6600 in February. That new price (plus the increase in property taxes in 2024) caused a shortage, pushing my mortgage from $2485 to $3328 monthly. Our mortgage was $2145 when we bought this house in 2017. To add more salt to our wound, GEICO increased our auto insurance by $400 extra per month because our teenage son had to be added. Our monthly bills increased by $1600+ dollars; we are not okay...

[@Areku06]

Insane.

[@AnaSpeirs]

I was forced to refinance because of an escrow shortage. The bank sent a letter stating that my mortgage would go up $700 per month. The bank made me jump through hoops to refi..more paperwork than when I bought the damn place. They want me to lose the place so they can cash in on my equity. My house is in a place where gentrification is rampant and while I appreciate the neighborhood changing for the better, the taxes and insurance has been rising as a result.

[@boysheartgirls]

They say in about 70 or so years Florida will be in the ocean anyways so start getting the hell out of there.

[@AgentSmith911]

​@@boysheartgirlsDon't believe the climate change propaganda, they've been lying about ocean level rise for decades now

[@1987chrismf]

Same here. In clearwater, and my insurance was 1600 when I got the house in 2019, and it's gone up to 4700 now. Had to switch companies because my old one tried to go to 6900, but my mortgage has gone from 1400 to 2400.

[@tizzx4945]

People can barely afford their rent and there are people like the government outside saying things like: The economy is doing great and was never better before then now!"

[@dr.philfanfiction6778]

Yeah, that’s why the US is borrowing and spending $1 trillion every 100 days and getting 1.6% GDP growth. Because the economy has never been better. 😂

[@michaelfields3364]

All they have left are w ars with leading economic competitors. Before the em pire collapses.

[@duancoviero9759]

Well yeah, they are all millionaires and they work for billionaires.

[@spencer1280]

the problem is, if you rent, you will always struggle. i'd rather sleep in a cargo van or live with my parents than pay rent

[@Laney_75]

Yeah, gaslighting for sure

[@talcyonanova8137]

I stopped paying taxes years back. Now am unable to pay credit debt and in a month if my house doesnt sell i wont be able to pay my mortgage and eat.

[@MelloThatDude]

Loved the video. You break it down and make it very easy to understand. I wish more and more people could hear this video. Good stuff!

[@jeremycardew1750]

An old saying still holds true... "Don't try to keep up up with The Joneses... The Joneses ARE BROKE!"

[@DIVISIONINCISION]

Wrong. The "wealthy" are not broke.

[@BREEZYM6015]

​@@DIVISIONINCISIONThe Joneses are most likely in debt.

[@eatcommies1375]

People that keep up with the Joneses fail to check if Joneses are idiots

[@TWLogik]

​@DIVISIONINCISION There's the Joneses then there's Rockefellers.

[@delinquense]

My goal has always been to keep ahead of tbe Joneses. So far it's working. Again... Keep things in perspective.. Its like water creeping up. The short people drown first... And so on and so forth. Fortunately, I'm taller than 99% of people.

[@vanillashake5495]

“You will own nothing” The WEF

[@Cosmo4357-mj1tw]

and be happy. WEF.

[@commonsense504]

Bingo

[@luckyrockmore2796]

We don't own anything anyway, we are only stewards of the things we think we own.

[@masterofceremony3728]

IF YOUR PARENTS DIDNT DO WHAT THEY WERE SUPPOSED TO THEN YES. OBIVIOUSLY IF YOU DID SOMETHING 10 YEARS BACK YOUD BE GOOD NOW, DEPENDING ON YOUR AGE AS WELL.

[@jessicadubois9945]

And many politicians are in line with the WEF. Even Republicans.

[@zj2164]

Thank you so much for telling the truth.

[@williamstravelvan]

Well done, to the point and clear and concise.

[@13lood13ath]

The more we don't fight corruption, the more we deserve the outcome.

[@GOATHartt90]

For freedom to flourish, vigilance must remain at all time highs. Always.

[@bettywhiting7699]

Remember,corruption starts at the top, Ukraine, making foreign countries VERY RICH, is like the money laundering they try to accuse us minions of,when in reality we don't have enough to live on,never mind play their games with. Why are Americans paying for all these foreign governments to retire in comfort,when their own people are starving,freezing, being thrown out of their own homes to make way for unwanted foreign thugs to take over. Because the plan is to destroy America,which your government is doing at an amazingly terrifying rate. Time for change, not only in America,but throughout to Western civilised world,where keeping Christian values MUST keep all the Eastern religious groups at bay, they are in our country, not the other way round, they have their own country to return to,we don't. THIS I S OUR HOME AND OUR CHRISTIAN COUNTRY AND WORTH KEEPING CHRISTIAN FOR EVER. The Billions upon Billions of our money needs to be spent on our people , NOT FOREIGNERS, LEECHING off us.

[@ManiacalManiac]

I thought 2008 was going to pop it off but Americans weren't aware of what was happening. Heck, I didn't know until a couple yrs later after losing my house and car and job. Everyone that lost were embarrassed and didn't talk about their experience until yrs later when they also figured out the wider issue. More are aware now and I hope when it all starts to affect more people, we will have an army to fight back this time

[@sweetmissypetuniawilson9206]

​@@ManiacalManiacshould've already happened as far as I'm concerned! Very overdue!

[@sweetmissypetuniawilson9206]

And your plan is???

[@pattiellen5339]

I am a barber in a blue-collar neighborhood. People are getting their hair cut less frequently, tipping less or not at all, and credit card use over cash has almost doubled in two years. People wait until they get a paycheck to get a haircut. More senior men are unable to make ends meet.

[@mominminnesota6648]

could you stay competitive (keep rates low) if you worked out of a box truck instead of a brick-&-mortal place? Just wondering. we have a dog groomer in my area who is mobile, she has a regular route....

[@genek8630]

Ever since the pandemic, when people couldn't even go to the barber, I learned how to cut my own hair. I suppose many people did the same thing. Haven't gone to a barber since.

[@timboc105]

Haven't been to a barber in 15 years set the sheer on #1 once a month

[@EpicFutureSpace]

Been cutting my own hair for years. I cant imagine having luxury money for something like a haircut.

[@MyVisualRomance]

True. My wife cuts my hair now. Not as good as you pros are but damn close and I can live with it.

[@jasonabernathy2195]

Nice one man. Totally stumbled across your channel. Dig the content, straight and to the point. Keep speaking the truth. Cheers

[@enriquepena91]

This channel is so helpful, thanks man

[@marblox9300]

If we as a society lived on real money and not borrowed money - the entire country would be completely different.

[@laurijohnson7754]

In the 50s women stayed home. One car. No internet, cable, video games. Women cooked. Clothes were passed down through the kids. There was one telephone. If you didn’t gave the money you didn’t buy it. I think the country is headed back in that direction

[@Dreamhelmet]

If wishes were horses, beggars would ride.

[@jadenburns2656]

⁠​⁠​⁠@@laurijohnson7754 in the 50s you could survive off the man’s income alone now that women want to be men and want 50/50 it’s not possible for the majority because instead of paying a man 30$/hr they can hire Jim & Jan for 15$/hr each while strangers watch and indoctrinate the kids with nonsense… I’m 23 and believe things will only get worse the parenting has gotten worse every decade

[@marblox9300]

@@laurijohnson7754 I don't think so because CREDIT looks like it is here to stay.

[@jonathantaylor6926]

Honestly even the corrupt fiat FED system could have worked a lot better if the FED and Federal Government weren't entirely reckless.. The 10 year UST should have NEVER been under 4%... if that rule was followed things would be 1000x different today, even while still operating under a dirty central banking system.

[@TroyKC]

I'm 61, still working full time, started living in my van 2 years ago.

[@ArenaRat-xd8fu]

Prove it

[@GalicHoHyabusa]

Man that’s…if it’s forced that horrible. 61 working your entire life and if that’s not by choice that proves the system is broken. Globally. You’re doing great though. Stay safe and warm…

[@ArenaRat-xd8fu]

@@GalicHoHyabusa this man wont prove his statement

[@Robert-xs2mv]

Van? One of those fancy ones?

[@vanci1111]

I used to live in a car and miss it so much. I am now in a large house and pretty sure I spend hours cleaning and walking back and forth 🫥

[@vickilindberg6336]

As seniors, even more if the house is paid for, property valuations & taxes keep going up &, just getting insurance is becoming scary.

[@stavroslask1292]

At least you have sunshine! Here in NYC it’s May 9 and 55 degrees and cloudy! It’s been like this for 72 hours straight. Oh yea we have Federal, State and City taxes on income! Property tax is 18k and car insurance is high. We also have 2600 speed cameras and 4000 red light cameras. Our speed limit is getting reduced to 20MPh and congestion pricing is coming as well. Oh and the bridge/tunnel toll is $12 each way!

[@ricksdestinationcebu]

Only a fool would believe the Govt at this point

[@walkingwithstarz935]

Yep specially this adminstration but there's still a lot of them out there those that vote for that person sleeping in the crackhouse.

[@therandom802]

Only a fool would believe the government since the 1980’s. Only a fool would fall for the tribal, red vs blue bs. The government has been run by corporations for a long time now. Every decade, more of our money gets sent to the richest people that need it the least. Then they sit back and laugh while we blame each other instead of them.

[@nickm455]

Until their guy gets elected then sadly they start to trust the government :(

[@nickm455]

@@walkingwithstarz935 this one is bad but we can't just start trusting the government because d is out and r is in. They are one in the same and need to both go.

[@nickm455]

Both parties shut the economy down and both bailout the banks ect.

[@meateater4life551]

I'm a carpenter and I've only been getting calls for repairs and smaller projects of $10k or less. It was just like this after the crash of 08, only this is before the crash. People are broke. I can't imagine how bad things will be this time around.

[@Joce123]

In 2008 we advertised to work for about a dollar earn hour less than anyone else just to keep working.

[@meateater4life551]

@@Joce123 I certainly worked for less too. I also mowed lawns and sold firewood to make ends meet. It was rough for a while.

[@commonsense504]

At least you're still getting calls. I hung up my tool belt last year.

[@BearBig70]

Our economy is already toast. We're at the point in Monopoly that the banks are writing IOUs in lieu of the fake money, they used to replace the fake money. It's a house of cards at best.

[@blackworldtraveler3711]

I plan to get my place remodeled next year with cash. Custom kitchen cabinets among other things.

[@adambarker3578]

You’re spot on with this one.

[@catdogky]

All (and I do mean ALL) the restaurants in my Kentucky town are struggling mightily. None of them are packed for lunch or dinner anymore. And it’s not just restaurants. Many other businesses are struggling too. People are definitely cutting back on non-essential spending activities OR are spending money with credit cards that they can’t pay the balance on. The worst financial decision a person could ever make is to spend more money than they bring in and put in all on credit cards.

[@masterofwit339]

Our rent just went up. We can’t afford gas. Can’t afford food. Credit cards are being paid at the bare minimum amount. Friends are losing their houses. We have gotten to the point where it’s gas or food. Never in my life did I foresee this.

[@mikesmith6461]

I never had wife or kids. I saw it coming

[@Xslices]

Thank god I have rich parents. They are clueless what’s happening around them.

[@michaeldavid6832]

You are not alone. Most of the nation is going through this. We will be ready for an American Caesar before too long. They'll try to suppress him, but I don't think that's going to work. Might be a year from now. Might be 5. But in these times, someone always rises.

[@mumbles215]

Bro let’s hope your parents don’t need assisted living They will lose all with that.

[@mrleafbeef634]

And you see why gen z are pissed

[@cheeseballs3825]

I felt like middle class before lockdown. Now I feel like my car might be a nice apartment.

[@airgunballistics1779]

I felt rich with a path to early retirement.. now feel homeless 😐

[@clemenssh]

This is so heartbreaking, I'm seeing more of this in Southern California. Our Country has been infatuated for so many years by folks who don't care. Ugggg

[@user-pu8uu1rs3o]

I can live comfortably in my customized van ! 😂

[@RichieDadams]

We made the decision to travel the country and live out our Subaru with an attachable tent. So tired of being in one spot and struggling to make ends meet. I’m 62 and gonna make the most out of the rest of my life without all the bullshit.

[@airgunballistics1779]

@@RichieDadams good on ya .. are you living off savings?

[@edsdomane]

Thank you for speaking the truth! Damn....how much more money do corporations need? When will the prices stop increasing? I can't spend anything but basics....and that's getting more and more difficult!!

[@helenjourde9033]

That's why I paid off and cut up my credit cards except for one that i keep for emergencies. Living within your means are a thing!

[@Punkpsychobilly]

I got into bad CC debt 15 years ago. Paid it off and never have had a CC since. If I don’t have cash or money in the bank, I don’t buy it. The only thing I have financed now is my house, cars are all paid cash for and I live a very minimalist life. Not being married is probably my greatest money saver lol, I only have to worry about myself and my kid. I bought into the instant gratification lifestyle and paid the price, but I learned my lesson. I’m not rich, but I have enough money in the bank to cover major emergencies and I’m in an industry where I’ll most likely never be out of work. I just want enough to live and one day move off grid and live in the middle of nowhere. Too much instant gratification and entitlement in today’s society. Live simply.

[@hennagaijin7856]

Thank you! And I'm glad there are still people like you in our society because most Americans are absolutely destructive when handling money.

[@AshleySpeaks4U]

EXACTLY! I have a LOT I consider luxuries. I save about $250/month by just slashing internet and cable, and another $200 by having no makeup, fancy hair or nails, expensive clothing. I need to buy new tires-not eat out and get dolled up.

[@viacheslavfedunov111]

It is not bad. I use cc for bonuses and then close them. I fly internationally 2-3 times a year completely free. It depends how you use it lol

[@paulsz6194]

@@viacheslavfedunov111yes, of course it depends on how you use it ! If you have the expenses & cash to spend on the card, then of course the rewards will come. Probably not for someone who only spends $100 a week in groceries At Walmart …..😮

[@jinxycat1964]

sounds like you're in hospitality

[@kevinmoore7255]

Governments have been making us poorer for years!

[@mikesmith6461]

50% goes to taxes

[@govcorpwatch]

making the people poor is the only thing gov't can do. It hasn't been years.... It's been centuries and millennia.

[@VoiceOvaGuy]

Decades* arguably over a century

[@jdos5643]

You mean the rich. They make it harder for the poor to get financially better

[@Winkkin]

I made more money every years that I worked. Now on pension that grows automatically by 2% every year and SS thats been going up like crazy, I feel its safe to say that I for one am not poorer every year. Just a bit over 90K this year in pension and SS. I'm sure a lot of rich people are actually a whole new level of richer this year.

[@user-zi5pn5fg6y]

Hey Bro 👋 I FEEL YOUR PAIN!

[@ritaharr6808]

I'm wanting to retire, but I can't afford it because everything is so expensive!

[@Tootsie806]

I’m a good example of why people have become blase’ about paying bills. I was religious about paying my bills on time. I checked my credit report and it had fallen from 815 to 635. Someone was using my identity to open utility accounts, and defaulting on bills. For 2 years, I did everything I was told to do to correct the situation, including freezing my credit. My credit has only risen to 678. Meanwhile, my friend, who has had a foreclosure, several repops on vehicles, and many thousands of dollars of unpaid credit card bills, has managed to raise his credit score up to the middle 700s. Why should I bother?

[@hamsterdiving7593]

Yeah, see how that works? And It's absolutely amazing how so many here are still praising credit cards Their Kool-aid intoxication hasn't worn off, yet...

[@Momboozull]

We are paying off all our debt and closing credit cards. Not worth it.. It's hard work in this economy but God says pay all your debtors so that's exactly what we are going to do.

[@vanculpepper6428]

Credit scores are bullshit

[@Momboozull]

@@vanculpepper6428 I don't disagree

[@sheilapearson4042]

I did the same thing, paid bills on time, didn't use a credit card in a long time, they lower the credit limit amount, and my credit took a hit for that, my score took a dive. They want you in debt to make money on their interest rates, and if you don't owe anybody, they tell you you don't have a credit history. Experian and credit card companies are in cahoots.

[@stevenweiss2148]

Whoever invented the credit card never imagined in their wildest dreams that a buy now pay later assault on the consumer could be worth 1.2 trillion. Thats pure genius

[@bubbajones4522]

They knew what they were inventing. Gold is the money of kings, silver is the money of gentlemen, bartering is the money of peasants and debt is the money of slaves.

[@pensacola321]

I love credit cards and all of those cash back dollars.

[@Nakameguro97]

The travesty is being able to charge 21%+ interest without being thrown in jail for usury.

[@Joce123]

They never knew how many jobs would be created to service the credit card industry. It has been a game Chander.

[@Joce123]

Edit..changer

[@lilliankirklin7647]

I really enjoy your videos. Thanks

[@mattm1686]

Thanks Joe!

[@larkatmic]

Cars were never supposed to be this expensive. 45 k?? $700.00 car payment? No wonder no one has savings anymore.

[@tabcobra]

And that’s average priced cars. Nice trucks are $100,000 these days.

[@blackhogdown295]

I have only bought one brand new vehicle in my life. Never again. My newest now is 9 years old and paid for!!

[@larkatmic]

@@blackhogdown295 You’re smart not to buy new. At these prices. It’s a fools game. I have a paid off bought new 2008 model with 100k miles. I thought about buying a newer model before the pandemic. But I punched the numbers and even then thought they were too much and decided not to. Best decision ever. I live in Burbank near a blvd of shops with all the things I need. So I can walk to most places. Thank god, because gas here is now averaging $5.39 a gallon. Inflation and costs to just maintain and insure a car are up. I used to go to the car wash once a week. Pre pandemic it was $8.99 early bird special. Today that same car wash is $23.00, not including a tip. Ridiculous. So I wash at home now. I eat at home now too. Last week my breakfast place upped their menu prices yet again within 3 months. $19.59 for a plate of two eggs two bacon, hash browns and toast. Not including coffee. That’s like $3 for each item. I’m not paying $3.00 for an egg plus 10 percent sales tax and leaving a 15 percent tip. Sorry for the rant. It’s time to save money and stop making others wealthy playing their games our money. Be well👍

[@joesmith9216]

@@blackhogdown295 never buy NEW, I got a 9 year old Benz that was better than new because it LOOKS better than the new ones, new does not mean anything other than GARBAGE to me. I would say 90 percent of new car buyers can not afford them.

[@DannyBoyGhost]

Reason that being look all the ridiculous crap there putting in them basically putting a lot of stuff to comfort people like all you need the vehicle for is to get to point A-B why add all the extra tech just to up the price they know exactly what there doing I can keep going on but I’m get a headache 🥴

[@stupidplumbing2343]

They don't care about people being in debt until they can't pay their bills.

[@missblak00]

Exactly

[@bobhope4949]

Then they go to jail and become government slaves!

[@Bree-fz4gy]

I’ve even seen a semi run over another car the other day:( he was a dad with two young girls

[@StopCensoring-fq5fl]

It won't be "over" until we stop paying taxes! *Only then will SHTF*

[@lennyross2813]

Stop paying taxes and this all goes away. Taxation without representation

[@zevongrie1402]

When I hear this, I think of the phrase that keeps coming up… “You’ll own nothing and be happy” All of this is no accident.

[@CJ2727]

Facts. It’s what they want, this is a deliberate destruction.

[@BeachGuyDave]

I’m a realtor in the Tampa Bay beaches area between Clearwater and Saint Pete, and I got a call out all the haters hating on Michael calling him a Perma bear and all that stuff. Just keep watching his channel. He is speaking the truth! Be grateful that we have somebody like him on KZbin!

[@royaltylordprinceshamiyah1229]

HE’S SPEAKING HALF TRUTH MY FRIEND, THIS ECONOMY WILL GO INTO HYPERINFLATION BY 2026.

[@Andrew-3445]

The whole "strong economy" narrative is just a political ploy. We have $1T added to the debt every 100 days and 90 million people on Medicaid. Those should only happen during a bad Recession.

[@joebeta1837]

I'm grateful. He gives us a lot bad news and this keeps me from spending money on materialistic stuff.

[@nancystockwell7829]

@@royaltylordprinceshamiyah1229 Actually, what none of these guys is talking about, is that this is part of God's judgment on the US/Babylon. The economy will totally collapse, all banks will fail. Eventually, even gold and silver will be trampled in the streets.

[@vicp99]

Nice to see a realtor being honest. I had to block one guy that wouldn’t stop emailing me. 😅.

[@sukhendra100]

Thanks Michael. Love from India. Keep telling the Truth

[@CarsWithFrank]

My property taxes and home insurance here in Florida increased by an additional $800 a month after the first year for my property near Jacksonville. Considering about selling all available assets including our home to prepare for this economic downturn

[@LisaDawnn]

I'm 65 and live off 1600.00 per month in NY state. It's so scary. I stopped paying all credit cards. I simply can't. Now I'm about 10,000 in debt. I'm afraid to do anything. I feel frozen in fear and poverty. Am afraid to drive too much/far fearing something might break with no money for repairs. Food costs is unbelievable. This is a nightmare. And this is NOT the same country I grew up in. Something has got to give soon...........

[@flower2289]

65 is not that old. Why aren't you working? At least part time. Would make your life so much easier.

[@davidcarter1013]

@@flower2289 I'm 65 and w0rk 3 part time jobs,if he could pull in another 100-150 a week it would make the difference.

[@davidcarter1013]

chapter 7 bankrupcy,i did it back in 09

[@Whatever45302]

Get more credit cards rack them up file bankruptcy

[@LisaDawnn]

@@Whatever45302 Funny you mentioned that. My mailbox has either over-due CC bills, debt collectors and MORE credit card offers. It's insane. But I couldn't in good conscience deliberately 'borrow' more knowing I couldn't pay it back. I'm not wired like that. I need to know none of this is MY fault. I was good until this government went rogue.

[@chrishouseman4781]

If only we could put a credit limit on the government

[@grimaffiliations3671]

why? The governments deficit is our surplus. So getting them to balance their budget means taking money out of your own pocket

[@josephrohland5604]

That is the very reason our ForeFathers warned against having a Central Bank Fiat Currency. END THE BASTARD FED.

[@NE0Nwhip]

@@grimaffiliations3671 It's all an engineered joke. Take it from the richest and it's solved

[@grimaffiliations3671]

@@NE0Nwhip That isn't necessary. If the debt becomes a problem we could always just stop selling bonds. There's no rule that says we need to match deficits with bond sales. Or we could just buy out half our debt like the Japanese did

[@ultraneight]

I'd love to hear you address the health insurance problem as well, specifically how it affects self-employed and the middle class without employer subsidies. The worst HMO policy on the exchange for a family of four is $1,500/ month the best is $3,600/ month.

[@stevemarce1988]

ABSOLUTELY ALL PLANNED ! 💥 💯❗️ ✔️

[@fundyourhappyplace5693]

I literally walked away from all of my debt. Yep, just walked away. Just decided that I wasn't going to be broke while feeding the rich anymore and I stopped paying for everything. I'm doing my part to save America ❤️🇺🇸

[@MissLolo9324]

Same here. Declared bankruptcy and said oh well! Not choosing to be a debt slave for the next ten years and I’ll never touch another credit card again. Happy for you 💜

[@fundyourhappyplace5693]

@@MissLolo9324 good for you honey! It feels good to be free, doesn't it? ❤️😊

[@irislorikeet4287]

How do you handle it when the credit card takes you to court. Then you end up with a judgement? I'm curious because that's what happened to me when I just stopped paying my credit card. Ended up in court. I just said I don't have the money and ended up with a judgement.

[@fundyourhappyplace5693]

@@irislorikeet4287 I don't care about judgements. What people don't realize is that the money is ours that they loan us and then they charge us interest to pay back our own money. Same with home loans and any type of loan. I'll send you down a rabbit hole. Your birth certificate has been traded on the market since you were born. We're like cattle to them. You're worth millions of dollars and when you don't pay a loan, for 1, it's a tax right off for them, for 2 they sell the loan to a collection agency who tries to get triple what the loan is worth, and 3, they go to our estate and get the money that they say we owe them. We don't owe anybody anything. It's my money. When I found that out, I said I'll never pay another bill. I have a common law attorney who helps me with everything now

[@staceywilliams1863]

@@irislorikeet4287What was the judgement and what is the company?

[@FirstLast-di4zi]

I have definitely stopped paying my bills!!!😡😡 I don't give a shit Anymore!!!😡😡😡

[@21gonza21]

Go live in the wilderness

[@TheCommentSpy769]

​@@21gonza21😂😂😂😂😂😂

[@rqangelful]

I stopped paying my credit cards 6 months ago. Prices go up every week but wages are stagnant. Time for a third political party, the two party dictatorship doesn't give a crap about the average American citizen.

[@rqangelful]

There's a single mother down here who works three jobs. The poor get poorer and the rich get richer.

[@SharpShooter700]

​@rqangelful I'm considering to stop paying also. I don't see a point anymore lol.

[@user-ty2rg8ql9d]

All facets of Life is raising rates/prices and the reality is hitting the fan now that you can’t expect payment when folks don’t have it.

[@phillyconner1424]

Shit's hitting the fan IN REAL LIFE 🧬

[@Stranger_In_The_Alps]

I’ve noticed people are a lot more aggressive on the road when driving. Lots more cutting people off and running. Red lights/stop signs. It’s getting dangerous out there

[@CyberMachine]

I'm not in America but I've noticed alot more road rage videos popping up on twitter. Florida already had really bad drivers so I'm afraid to return

[@badbeatbilly8997]

I've noticed that too

[@Dreamhelmet]

Truth! I carefully look both ways at intersections now, in case some deranged maniac is speeding through the red light at 130 mph in a stolen car! Never used to do that!

[@jadenburns2656]

Yeah when most people are struggling societies behavior reflects that and vice versa

[@wesley-zf3ew]

yep

[@jordangourley3955]

Looking around at people working regular 9-5 jobs, driving 80k vehicles and living in 500k houses. Everybody is debt maxing.

[@nicksmith8166]

That’s what I’ve been saying. People living WAY outside their means.

[@oppeer]

I often ask myself how the hell people are affording the things they have in this economy.

[@fred5nyc]

I have a sibling that lives like that, always borrowing money and maxing out credit cards, but the more I look at people and see the way they live, I can see that a large amount of the population lives this way.

[@Pacertravel]

Dead on about insurance quotes in Florida. I get 4 to 5 calls a day with homeowners freaked out about their insurance premium. By the way, I’m a home inspector so they are calling to get insurance inspection in order to get new insurance.

[@JT-ol5xo]

Corporate greed is driving inflation

[@Heather_At_The_Ridge]

The only thing keeping us from realizing we are in a depression, not a recession, is the credit sources available to private citizens.

[@BigTrees4ever]

Well said. That and the fact that there’s a few bubbles that haven’t caught up to the 95% of metrics showing we are in a depression

[@Kat8lyst-zh3zm]

And now we see the car title loan shops, advance America loans, super high interest rates on CC interest 30%???

[@MirceaKitsune]

Daily reminder there's one difference between government and ordinary people: Both can print fake $ if they get their hands on a money printer, but only one will go to jail for it.

[@cesuntbanii]

yup

[@joosetheconqueror845]

Shout out to all the people who grew up poor and knew exactly what to do right now.

[@iKaresaboutNASCAR]

I work for a major retailer and it really hit me when I was counting drawers, we had 24,000 in sales but only $689 cash. It tells me people are buying things they dont need with money they dont have, like you said!

[@andrewberna4045]

Duddeeee that is crazy. What kind of retail? Apparel?

[@savvytravelhub]

Look at houses where the mortgage can't be paid and oftentimes they are filled to the brim with STUFF.

[@jamesrobinson2138]

It’s about time. Stop paying everything. Make the system collapse

[@firesign4297]

👏🏿👏🏿👏🏿🎤

[@Semo_420]

And perform the coomeralltism

[@Xslices]

I gotta pay my car payment

[@jordan19862000]

@@Xslices no you don't

[@jdos5643]

Stop having kids also. I always say. Kids will only grow up to a twisted system of debt and tax corruption. It will be harder on them

[@TonyM-zi9rq]

The housing market needs to bust by at least 50%... Houses are not worth what they are going for.

[@TheJohnbjunior]

So true ! Same with stock market, a reset is overdue !

[@kaydublin5164]

I guess if you have nothing that’s easy to say

[@thetapheonix]

@@kaydublin5164 I have "something" and I would love for asset prices to drop 50%, I'd back up the truck and buy buy buy. Guess if you have no foresight you wouldn't like it though.

[@kaydublin5164]

@@thetapheonix I’m a realist, that’s never gonna happen, so why even imagine it.

[@marblox9300]

@@thetapheonix I have a net worth of over 900,000 and I fully agree, Real Estate NEEDS to crash.

[@michaelsix9684]

insurance companies keep raising rates too, in 2 yrs. my auto ins. in TX doubled, 900 to 1900, I'm 68, retired and with AAA over 20 yrs. ins. costs me more than anything

[@bigcatproductions2789]

I'm 66 sold my car , taking the Bus .

[@JL-co3es]

Car insurance in California!!! Doubled and tripled for some people and I have to pay my full installment up front, no more monthly payments

[@fredk9999]

Our host is right. People don’t have money: they have credit and when that is maxed out… we’re in real deep doo doo.

[@spaceindian3769]

Since 1913

[@thecustommuffler]

Got news for ya, we are in deep doo doo already. Your living in a smoke screen. Pay off, pay down, live free with what ya got. Just a helpful tip

[@JH-ld4mx]

Uh oh boo boo in the water

[@larkatmic]

Especially at these hyper finance and interest rates on credit cards. Ouch!

[@grimaffiliations3671]

the banks down just give out loans, you've gotta be good for it. More people getting loans approved means more people are able to pay

[@DrawnInk1]

When insurances, car payments and property taxes become so disproportionately high then people become trapped and disillusioned. The wider economy suffers.

[@user-yy9be9mi6n]

It is all ridiculous! smh

[@aw7425]

It’s the wef b.s. of you will own nothing bcoz they will make it all unaffordable

[@workingshlub8861]

do not finance a car...

[@viadharmawheel]

Florida is the worst for all 3...

[@DmaxH.Country]

Keep voting Biden

[@ronjcharity]

Retail closing everywhere where I am. We rarely go out now…to expensive