PROOF! The Economy is HEADED FOR DISASTER...

There are a few data points that the mainstream media, the government in the Fed continue to point to in order to say the economy is doing great. However, by digging just a couple layers deeper, we can see that all of these data points are actually meaningless and really don't do anything for the average citizen.
Need a Realtor? homeandmoney.com/michael/
======
Like My Sunglasses? Get a Pair s.click.aliexpress.com/e/_DFf...
======
I offer 1 on 1 calls, book one if you'd like!
michaelbordenaro.com/book-ser...
======
My Filming and Editing Equipment
michaelbordenaro.com/my-youtu...
======
Sign Up for My Email list and Get Weekly Video Updates in Your Inbox!
bit.ly/MBreminders
======
Get Cash Back on ALL your Internet Purchases!
www.rakuten.com/r/NIRVPL2?eei...
======
My Microphone (Lot of People Have Asked)
amzn.to/3Mhs2oz
Articles Mentioned in the Video
apple.news/AFsATXqjRSKCAQDwrK...
apple.news/AeyfvLQ36RZyWJ8klY...
apple.news/ANylr7oXxQ5aR7Fy7q...
#realestate #housingmarket #homeprices #housingmarketcrash
FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :)

[@MichaelBordenaro]

DOZENS Of MAJOR Companies RAMPING UP THE LAYOFFS! kzbin.info/www/bejne/iYOpeYGGq9uZfJI

[@CliffNotesAnesthesia]

Love what you do! This channel has helped me connect so many dots! Bottom line the rich are getting rich while the poor are sliding down and their money is losing value fast! The fact that all these corporate heads are selling off is a major tell! 👀 When they all lay off at same time in first quarter of the year that’s 🚩 and we can guess how things are going to go by election time 😬 increase wages, and immediately pay people off and replace some of the jobs with AI…. Stuff that makes me scratch my head.

[@DearSX]

Think 1970s, why was inflation high for a decade plus?

[@wbdrill3159]

Just to play devil's advocate, as household debt has gone up by 24% could that be matching inflation? In other words it's still essentially the same if we adjust for inflation?

[@macgamer1973]

People were happy to stay home because their jobs didn't pay well. Look at my employer. FedEx pays me 19.00 per hour, 4 hrs a day. When I first started a 12.75 per hour 7-hour shift.

[@NotSettlingForSecondBest]

This what Republicans have been screaming since Biden was elected. It's not reality. Since Biden took office the economy added more than 14 million jobs. The number is now nearly 4.9 million higher than before the pandemic. The unemployment rate dropped back to just above the pre-pandemic low; unfilled job openings again outnumber unemployed job seekers. the nation’s economy expanded 2.5% in 2023, marking the third straight year of economic growth. The number of people without health insurance has gone down; enrollment in Affordable Care Act marketplace plans is at its highest point yet. The number of people receiving federal food assistance has declined by more than 700,000.

[@DavidCovington-st2id]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[@mikey43221]

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust

[@SteveDutton-v]

I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.

[@tmer831]

Who's your CFP??

[@SteveDutton-v]

“Vivian Carol Gioia’’ You can easily look her up, she has years of financiaI market experience.

[@tmer831]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@kathyjohnson6983]

Been out of work since November. Hundreds of applications. 62 years old. Worked since I was 12. Trying everything to find a job. Age discrimination is ridiculous! This is no fun!

[@JNoMooreNumbers]

A friend that age took 2 years to find a job. Home Depot wouldn't hire him even and he's skilled. They'd rather hire the clueless.

[@claytonelofgren]

If you have HR experience look up PEO’s. A lot of them have people working for them in their 60’s. Salaries close to 6 figures

[@WhyteHorse2023]

Yeah they like to put gray hair people in HR. Also they like them for those promotions of products at wine events and in costco.

[@claytonelofgren]

@@WhyteHorse2023 seriously tho HR positions isn’t terrible money if you just need a job and you’re in your 60’s. If you want to do sales furniture stores hire older people

[@lycanwarrior2137]

That's why I've been investing in stocks. Age discrimination especially in tech is a huge problem.

[@sl5946]

My credit card APR is 29%! I pay off my balance every week, those bloodsuckers aren't getting $1 from me

[@justinallport9789]

I pay off my balance, every billing period (once a month).

[@lepidoptery]

Aside from your peace of mind, there's no benefit to paying off your cc every week. They aren't charging any interest yet. Just pay off every month according to the your due date.

[@gregorylyon1004]

29% ?? LOL. I don't have a credit card

[@sl5946]

@@lepidoptery you're correct but I'm OCD about my bills, it makes feel good when I pay them

[@dandahl5964]

​@@lepidopterypay it when you have the money. At the end of the month, the money might not be there

[@davidhunternyc1]

When property taxes, HOA fees, and insurance doubles, that's not 18% inflation over 3 years. That's 100% in one year.

[@JNoMooreNumbers]

Oh the days when there weren't HOAs. Buy a new house and done. First house was new in 93.

[@blackworldtraveler3711]

Don’t expect any of that in Oklahoma.

[@carochio8639]

Florida values

[@realtrealtoronto]

We're all subsidizing underpaid employees at this point since they qualify for welfare at their low paying jobs that don't provide any healthcare benefits on top of that. Paying living wages will shift the burden from taxpayers to employer.

[@ruthieworldonewomanshow]

People will lose their homes from inability to pay the sky rocketing 🚀taxes. It is insane!

[@hulk-smash-deez-hose.7951]

The elderly is suffering the most, so much retired citizens are homeless, nothing is affordable anymore.

[@cyrusm3391]

Wondering if they were homeowners or renters?

[@yukonstriker1703]

Breaks my ❤️ seeing what people have in their shopping carts. Nothing but fake food, processed carbs. Moreso, watching the elderly on a budget have the same crap thinking they are eating healthy

[@BREEZYM6015]

​@@yukonstriker1703Some people smoke and drink their entire lives and live to be 100 years old so I wouldn't focus too much on how others eat. 😂

[@Evilslayer73]

this is disgusting

[@hulk-smash-deez-hose.7951]

@@yukonstriker1703 it’s very sad situation, processed sugary foods are cheaper, plus organic is double the price, life expectancy has dramatically decreased, and Nikki Haley thinks we should extend retirement age🤦‍♂️am glad trump defeated her South Carolina.

[@saininj]

It honestly baffles my mind that a lot people didn't see this coming. If you shop for your own groceries, there's no way you couldn't have known.

[@solomongrundy1467]

Or going to the auto shop for repairs. The increased costs of parts and labor is insane.

[@jimshoe402]

@@solomongrundy1467 My buddy spent $2600 this year .I never had in 50 years a Bill over $60 old stuff too.🤔🤔🤔

[@jimshoe402]

@@solomongrundy1467 Cheap parts TOO had Frig and Stove fixed 2x same part 6 month Watt.😝😝😝

[@wxxw-pc7qq]

@@solomongrundy1467 they are thieves , immoral

[@NuNugirl]

@@solomongrundy1467The price of 4 tires that aren’t junk, has blown up…………….

[@CalvinMorris-cf8jk]

the new American dream is a car that runs that you can sleep in and they are even trying to outlaw that because they make no money off it.

[@healthyone100]

right there making it harder just to get your car inspected they what you to go in debt and buy a new one!

[@chrislastnam6822]

Who are "they"?

[@SLR.e14]

It’s a disgrace what our country has become from corrupt politicians selling out our country !! As they destroy everything we have

[@blackworldtraveler3711]

I reached my goal of avoiding marriage,retiring debt free before50, and FIRE with paid off homes etc. in 2020. Know nothing about American dream.

[@blackworldtraveler3711]

Have no issues.

[@user-vi8ry9hq8j]

Hello? Did anyone notice we are 34 TRILLION in debt? That doesn't count personal, corporate,and municipal. We can't go on like this.

[@Kevinleehiltonjr]

We have gone on like this for decades.

[@gregorylyon1004]

That's $34 trillion dollars in our national debt. If you add all the pension fund debt that each state owes, you can easily double that amount. Nobody considers pension fund debt that individual states are carrying. Check it on Google per state. It's crazy. And retired people don't care

[@mike9132]

Prices are up because the dollar has been massively devauled. And getting exponentially worse every year due to miney printing combined with compounding interest.

[@paulmiller6245]

25 percent of it was because Donnie was there in 4 years

[@solomongrundy1467]

I hear some govt officials say that the debt doesn't matter. It keeps going up and up and nothing disastrous has happened........yet.

[@ColeslawLarry]

A candy bar today at Advance Auto, is now $3.99! Yeah for one. A bag of potato chips at Walmart is $5.00. That crap can sit on the shelf. Brake pads and rotors for a 2007 Impala is $200, more for the Premium brand! This is the build back better era?

[@JNoMooreNumbers]

You have to completely collapse to build back.😡 Probably into the dictatorship it looks like. That one side gets away with anything. It was a constitutional Republic but turning into a banana Republic fast.

[@wxxw-pc7qq]

And the mechanic to replace them $ 1500.... is sick

[@LilyWillow22]

A can of peas in the grocery store today was $2.99😮😮😮

[@blackworldtraveler3711]

@@LilyWillow22 All about choices.

[@LilyWillow22]

@@blackworldtraveler3711 just making an observation of the absurdity of food prices.

[@toothlessonthetrail8893]

Roads are packed. Concerts sell out and tickets go for thousands. Two hours wait for restaurants. Looks at though most haven't gotten the memo.

[@fredrickhaemker8434]

Madonna can't sell out shows. 65 year old in skin tight outfit! 😢

[@jlava1575]

Bread and circuses. That will change in the next year or two.

[@jimshoe402]

@@fredrickhaemker8434 She's always LATE fans are suing her. Saw Fleetwood Mac1976 3 hr drive there ON and GONE in 90 mins DONE. A lot of money for Alpine Valley Wis..😝😝

[@lynch42o]

meanwhile we've had record small and big business closings.

[@aaronhaynes8135]

Yeah and it's not just the Mag 7 that are up. Lots of stocks are up. Crypto is up way up. People are missing the run by listening to people scare them into doing nothing.

[@schawnettarobinson8584]

Things are horrible. I’m stressed out daily.

[@LetsGoBrandon4U2]

And yet so BEAUTIFUL G.L.

[@charlesblerzbo1616]

Things are getting bad out there. Now is not the time for simping.

[@DeaconCider-ye3yz]

Write to your state senator and let them know, I’m sure they’ll Laugh about with their rich friends, then continue to do nothing to improve your quality of life while writing news laws that benefit the upper class.

[@patrickm6012]

Things have been bad for 10 years. You should have been saving money back then

[@lisapolanski9379]

+Keep your head up+

[@tizzx4945]

Someones motto is: "Make America Great again" but nobodys motto is: "make life affordable again". I know this is not the best slogan for an election but let's be honest it's very rare that a politican cares about the average people working a 9 to 5 job!

[@dhaang126]

I've always thought that a politician could win all 50 states if they ran on a platform of getting prices under control. But they'd never be allowed to get the nomination...

[@DeaconCider-ye3yz]

Most politicians are Ivy League educated upper class, and that’s who they care about: their upper class buddies.

[@rabidgoon]

Well, there was that one guy whose political slogan was “the rent is too damn high” but he was dismissed as a joke candidate

[@quackula9190]

America is great. Great for the rich.

[@sprague49]

"In this present crisis, government is not the solution to our problem; government IS the problem." -President Ronald Reagan, 1981 Inaugural Address.

[@JWFitness1]

We live in a nation thst has over 300 MILLION guns on the street. The LAST THING they want is an angry, upset, panicked nation. Keep everyone distracted (and medicated) is a big part of the gameplan...

[@deathmetalcakefarts2751]

True as heck

[@joerice4390]

Good... I'm glad I got 4 what's coming

[@SpiKSpaN-ei6zq]

Well it's going to happen regardless. The amount of unemployed angry young men is staggering. Can't imagine it won't turn ugly in the near future 😮

[@JWFitness1]

@@SpiKSpaN-ei6zq agreed, it's coming. It's not if it's when. The key is to have YOUR 2nd amendment protection and keep a low profile when it all blows up.

[@GwendolynStancell]

THERE WILL Be Hell, to Pay, Either Way. 😢

[@cinema104]

I have been working since 1969 and I can tell you that wage growth has never surpassed the cost of living, that is why we have such inequality. Economists have been screaming this to the politicians for decades but they don't want to listen. A few years ago the Rand corporation did a study on the economy and they published a 60 page report detailing inequality in the U.S., everyone should go to their website and read it. One fact that they discovered was the fact that a person making $50,000.00 a year should really be making $102,000.00. That's the fact. Double what they should be. Scream out loud people.

[@ordinaryhuman5645]

Huh. Maybe if the labor supply hadn't doubled the price of labor wouldn't have halved.

[@stevo728822]

Foreign workers are willing to do the same job for $20,000

[@jeffery8512]

That’s because of a debt based monetary system. If they do not steal our wealth from inflation the whole thing implodes and it’s unavoidable. Stack Gold and silver one of these days it’s going to be the largest wealth tranfer the world over seen

[@almoreno3299]

I guess US Senator Bernie Sanders has been spot on for years.

[@monsterpig3270]

Also, taxation is far more severe for those who live off an income vs. those who live off of qualified dividends.

[@JamesAllen-xk8bc]

I'm old, and this reminds me of the good old Soviet Union. Everything was propaganda.

[@nogames8982]

I actually feel sorry for people who believe what the main stream media says. Are used to be one of those people, thank God I got my head out of the sand. I wish more people would.

[@blackworldtraveler3711]

I’m not in the matrix and have been ignoring the media since the 90s.

[@shanejones578]

Californication came out June 8th 1999 and people thought it was just a song.

[@sonnylatchstring]

When house prices rise it is not because a house is worth more, but because the dollar is worth less.

[@carochio8639]

dollar is strong....

[@user-fy4lv6mf5n]

I’ve noticed a lot of A list actors doing commercials lately. It’s as if suddenly they will accept anything to make more money, yet they all have multi millions. Makes me think they have the notion they have to get all they can quick because it will all be over shortly. Previously it was a career death sentence to do cheap commercials.

[@twilightsprite1]

Ppl r moving away from celebrity worship

[@patriciamay6396]

As un-retired seniors, my husband and I are underemployed and experiencing job uncertainty. Things go well until they don’t. We pay off our credit cards each month and cut our spending. Time to hunker down

[@chrislastnam6822]

What do you two do for a living?

[@2Mile0]

1971 was the time to start hunkering down.

[@user-bg2tn4kg5m]

With your combined s.s. benefits, I’m confident you could live a very comfortable life in Mexico.

[@chrislastnam6822]

@@user-bg2tn4kg5m Old people are much happier if they stay in communities where they have live a long time and have close friends and family. Mexico is much more dangerous than the US especially for old people.

[@user-bg2tn4kg5m]

@@chrislastnam6822 The propaganda would lead you to believe that.

[@luhoffma8836]

Rent is insane in Northern VA and houses are sky high.

[@br5498]

But yet y’all force the rest of us in Virginia live under left wing high tax democratic’s !

[@justinallport9789]

That's why many are buying vans, preparing for evictions"

[@Bitcoin_Gold]

I'm California it's twice more higher. Eviction continues skyrocket everyday. Everything going up in price. Blame all this on FAKE President Joe Biden & Democrats

[@Florida_Gal.1971]

N virginia has always been expensive for a home

[@justinallport9789]

@@Florida_Gal.1971 Yes ! I do believe Fairfax county is one of the most expensive counties in the country.

[@maverick-zj3jz]

And yet I still see people I know buying 100kto 140k trucks eating out buy designer clothes living in big homes like it's 1999.

[@jaygalgano8033]

And yet they complain about dealers charging over MSRP 😁 whos forcing these poor people to pay 10k-20k over MSRP and 3% interest for a heavy duty pick up trucks when they wont need that truck to tow anything or use it for work?

[@mikesrandomvideos]

the reason the insurance has gone up so much is because replacement cost for a car is almost double what it was a few years ago. it is just insane.

[@michaelwaterman8925]

Ikr, truck prices are so expensive and then there's the insurance based on the insane price. Waiting for the crash.

[@estuardo2985]

though at least in 1999 most people drove normal cars and not the behemoths we see wearing out the roads prematurely now.

[@Wanderer2035]

Credit cards my friends. All the power of credit cards

[@johnnyx9892]

At some point this house of (credit) cards is going to collapse. The average American credit card debt is now $6,300 I can't imagine living with that.

[@mikeflanary642]

I'm sure plenty of people have been reckless and going nuts on events and goods they could have saved up for or just not gotten at all. But if it's an emergency expense (fixing a car that is needed to get to work, or a new water heater or roof repair, new refrigerator) that will get you into the credit card debt black hole if you can't make the monthly statement payment in full. Or a medical expense, just an ambulance ride is $1,000+.

[@xavier_lucas]

With rates climbing in '23 and our mortgage at 7.5%, what alternatives can maximize savings without an RV move?

[@BenBak-wt7qi]

Affording our mortgage is tough. Considering cashing in, renting, and investing the rest in the stock market.

[@FranciszekPawal]

If you can afford to travel, you should manage the mortgage.

[@BenBak-wt7qi]

We own apartments but won't sell or inflate rents. Being cautious with rising costs.

[@EmmaFritz90]

Consider a fiduciary with mortgage-backed securities knowledge for guidance. Prices today may look like dips tomorrow.

[@BenBak-wt7qi]

I'd enlist a reputable fiduciary. How do I find and vet them? We value fiduciaries and are considering the idea.

[@michaelweaver2627]

This has been the slowest moving economic crash I have seen and I am 66 years old. It seems obvious to me that the average person is not in a better place but spending continues and the stock market keeps going up. Everywhere you look domestically or globally you see bad signs but still no acknowledged start of a recession . I know it's a presidential election year so they will do everything they can to keep things looking good until elections but reality has to set in some time.

[@jogregg6442]

The media wants to defeat Trump, and will do whatever they can to support either Biden or whichever Democrat replaces Biden.

[@gregorysagegreene]

Me as well, death of a thousand slow cuts.

[@wespotter6985]

Michael has shown us so many multi-million dollar Miami houses. It's hard to believe there are enough people in america that can buy them.

[@dandahl5964]

There are 62 million millionaires in the world. Leth that sink in

[@dandahl5964]

There 490,000 millionaires in Florida

[@8MunchenBayern8]

vast majority of multi-million dollar homes have either been bought decades ago and have appreciated to where they are, or people buy it through inheritances they receive. Very, very small percentage of the population can just go straight up buy homes like that if they are not utilizing equity from appreciated properties. My parents bought their homes 40+ years ago for 280K now its 1.4M. There is no way in hell they could afford to buy it as is.

[@frederickmuhlbauer9477]

Lots of foreign owners in Miami bubba

[@sarahann530]

​@@8MunchenBayern8 You will be inheriting a fortune ,quit whinging

[@annmarie1689]

Maybe insurance is going up because the people flooding the USA illegally , get a car, scooter, motorcycles etc..with no insurance and when they hit you and take off, now you put a claim in for yourself. This is rampid here in New York. Hundreds of scooters all over no plates.

[@zuzanazuscinova5209]

New York is a dump

[@johnnyx9892]

That's how they do it in Mexico.

[@stevegiblin270]

New York sucks😊

[@healthyone100]

@@stevegiblin270 nyc sucks but upstate is beautiful !

[@jamesjoslin7586]

FJB !

[@jackw5533]

No more Biden

[@sponkmcdonk3898]

Trump approved much of the money printing remember

[@tedv8323]

Everyone complains now, but noone refused the free money.

[@sponkmcdonk3898]

Including the business owners who received millions in PPP loans and didn’t have to pay them back

[@ruthieworldonewomanshow]

. . . and the federal minimum wage has been $7.25/hr since 2009 . . . now that makes no sense.

[@frenchfred3]

according to republicans, it is still too high. Workers should work for free to make sure that stokholders are richer

[@WhyteHorse2023]

We got into the habit of using cheap credit but now it's not cheap. I told one of these people with credit card debt that she's probably paying 20% and her jaw dropped.

[@gobsmacked230]

How can you NOT KNOW the interest rate on your credit cards?...and how much MORE you owe because of it? I'm trying to feel sorry for these idiots...it's hard.

[@gregorysagegreene]

She should have told her to re-learn to read.

[@WhyteHorse2023]

@@gobsmacked230It's a habit. I was using margin loans for day trading all through the pandemic. Now the interest makes it less profitable.

[@gruntymunky4082]

Walmart kids sold 4.5 billion of personal stock. It's coming.

[@schawnettarobinson8584]

Thanks for the heads up.

[@tonyjourneyman1944]

​ Walmart stock could go very well in a recession, perhaps it's almost recession proof. So, I wouldn't read too much into it. It is interesting though.

[@ronwinkles2601]

the big guys always know when to leave the casino.

[@youtubelearning2990]

They sold because they had a stock split. The stock went from $177 to something around 70 bucks. They would’ve lost value if they wouldn’t have sold. So, maybe not what you’re thinking.

[@jlava1575]

​@@youtubelearning2990in a stock split the stock price does decrease but you get more stock. So in a 2 for 1 stock split if 1 stock is worth 100. They would get 2 stocks valued at 50 each keeping the same value.

[@ilovehouse888]

Another disgusting thing to note about credit card debt is some banks, including BMO Harris Bank, DO NOT charge you interest on the amount you owe. They will charge you interest on your average monthly balance. So, those who make a big payment towards the end of the month but do not pay the balance in full, will still be charged interest as though you owe the entire amount because it is based on your average monthly balance. How is this legal and allowed to happen? It is beyond predatory. There is no buyer protection at all.

[@owensdaniels6244]

YES YOURE TELLING THE TRUTH SIR YOU CALLING IT RIGHT ITS A SHAME PEOPLE ARE SUFFERING THIS HARD

[@taffyalusa4642]

Yet people are paying $18 for one cocktail, $55 for a crap steak dinner, it's just not worth it.

[@juankr3ativo953]

I’m seeing a lot of elderly people living in the streets. It’s just sad

[@TheLaundryGuy32]

A bag of shredded cheese Should not be 5.95 in a developed country.

[@John-ou4rm]

Problem is lots of people working are not producing anything real, all that dead wood overhead puts demands on real things.... The huge govt deficit is propping up all these non jobs in the govt

[@BREEZYM6015]

It's almost cheaper to buy a block and shred it yourself.

[@rw9737]

What's the weight of the cheese bag?

[@danielfiore8865]

Shredded cheese is full of processed trash similar to plastic. Shred your own...it's the healthier choice.

[@justinallport9789]

@@variousstuff6469 Thank You, I learned something today "

[@daveassanowicz186]

The Federal Reserve Bank has been liquidating the American Middle Class for over 100 years. It's not a glitch but a feature.

[@aintdatsnipes177]

They've been doing that since 09 ,hello, anybody home?

[@BREEZYM6015]

Doing what?

[@TxLongHornOne]

18% inflation is a joke! I’m single and shop at Kroger and HEB here in Tx since Covid. My weekly bill has went from $120 to $209 as of today!!!!!

[@youtubeplumb]

Media ignores the unaffordable issue

[@Livefreeordi]

Plus illegal immigrant’s getting drivers license. Likely not insured.

[@Prophezora]

And $10k debit cards

[@keya31gville]

Where are the retired people going.. how are they affording heat food and taxes and insurance. And MEDS. They are gonna skimp meds. This is scary to me

[@blackworldtraveler3711]

No big deal. Retired people are going to do what they were already doing. Heck I’m retired in my 40s and not concerned. Have no debt. No need to work or anything. Plan to travel more.

[@lindalewis8503]

I afford those things because I sold everything I owned and moved into a 31' RV for 5 years. Then I traveled around to find an area where I could settle for very little money. Now I bought land and put a mobile home on it. I live very cheap and safe. I am very frugal. I pay cash for everything. I agree with Michael about where the economy is headed. I try to be prepared. I'm almost 70 years old so I want to feel secure in my final years.

[@larrybien7599]

I HAVE HAD MANY MENTORS IN MY LIFE, BUT YOU REALLY STAND OUT FROM THEM ALL, PLEASE CONTINUE, TO DO WHAT YOU DO SO WELL, SPEAKING THE TRUTH, GOD BLESS YOU, LOVE YOUR, TRUTHFUL, HEART, YOU SEEN ALL, THE FAKE ONES, NOW, YOUR TELLING US YOUR BEAUTIFUL WISDOM, PLEASE CONTINUE TO SHARE DAILY WITH ALL, OF OUT HERE

[@gregorysagegreene]

What good is any number of mentors now when you had none for six decades and have been fucked over six ways till Sunday for at least the last four of 'em.

[@bibib2455]

In Russia prices are normal . They are inflating on propose and greedy over here .

[@Auhbseluhte]

plus russia is a controlled country, meaning they control how the ppl there spend their money so that cant do and pay for certain things that would uncover the coruptness of russia!! Now its happening to USA... its fucked

[@rabidgoon]

Average salary in Russia is a little over $1000 US dollars. So while their stuff costs less, they’re essentially in the same economic position as here.

[@LockedUpLarry]

Tucker and you can hold hands over there!

[@justinallport9789]

I saw where Tucker Carlson was shopping for groceries in Russia, plenty of reasonably priced food and small checkout lines, if any" I was shocked"

[@LockedUpLarry]

@@justinallport9789 you too! You can hold Tucker’s hand and skip to Russia.

[@5150Rockstar]

We’re printing money for Ukraine like it’s going out of style 😂

[@sponkmcdonk3898]

And Israel

[@jeffsipos6432]

This is what happens when you print $10 trillion in cash. How does the surprise anybody?

[@bryanspayde5681]

5 years ago my aircraft insurance was 1200 bucks a year now it’s 7 k a year !! I haven’t got a 7 k a year raise let alone my house taxes food prices car insurance going up !!! This crash is going to hit hard …

[@johnnyx9892]

Each year my car is a model year older, yet the premiums keep going up. This despite me having a perfect driving record with no violations or claims. WTF?

[@gregorylyon1004]

7 thousand dollars a year for aircraft insurance??? What kind of airplane is that??? A 747 ?? LOL

[@argtv1007]

Guess you'll have to take another plane trip to Columbia this year

[@jfernsten]

Danielle DiMartino Booth has been consistently saying one very important thing for the last month: despite job growth numbers, there hasn't been a FULL time job created since January/February of 2023.

[@PlasmaBurns]

and tax paid jobs shouldnt be included. They are a burden on tax payers.

[@jfernsten]

@@PlasmaBurns kinda disagree with that, as I've worked both public and private sectors. Generally speaking, I was held to higher standards in public-funded work than private. Just my experience, but the accountability was higher for tax-funded work. Again just what I've seen.

[@jerrydwyer9057]

​@@jfernstenthe point is they do not add to gdp. They do not produce things to sell. and most are doing regulatory work which further hurts businesses.

[@PlasmaBurns]

@ten no, every single penny a public servant gets is stolen from Americans in the form of taxes, then those public servants pretend to pay taxes - with money stolen from Americans. They are a 100% tax burden on private citizens. Around 75 million people getting paid in tax dollars in America..and that number is growing. Someone has to create wealth and public servants cant, they extract it from the creators. They are all tax burdens on Americans no matter how yuo cut it.

[@WorldSuperMoms]

Yep.

[@FarleyMan151]

People like me that had their business destroyed during the plandemic and got nothing more than the piddly stimulus check. I closed my business for good in 2021. Let's go Brandon.

[@dr.michaellittle5611]

Why are you blaming Biden for your business failure in 2021? Not all businesses cratered. Own this yourself.

[@rkw92262]

right on...how bout LGB FJB? LGBFJB could be an epic hashtag maybe

[@FarleyMan151]

@@rkw92262 hahaha

[@JarrodHayes-qc2qc]

Trump was president during the pandemic. Not Biden. Get your facts straight. Maybe if you had a product the public wanted you woukdnt of gone under.

[@Dohair879]

We are doing so much better than during the pandemic. My husband was furloughed for 8 months and the extra government unemployment wasn’t even close to his salary. We went through most of our savings and it was a good thing I went back to work deemed essential. Was part time and went back full time just to put food on the table and pay the mortgage. They denied us for food assistance. I will never again trust the government they make me sick! The money they handed out paid our bills. We are now doing amazing with no help from this circus government. Yet now I feel we are paying it all back for all. Managed to save 6 months reserve and I will never touch it.

[@kpage592]

we are IN a recession now. Headed toward one hell of a depression

[@mangodiet801]

And everybody in the chat thought I was cynical to say "better stack up on tents, canned beans, bullets, and condoms" .. as we will move away from Fiat Money and Crypto to Bartering 💯💯💯💯💯💯💯

[@Jake-mv7yo]

Crypto is a waste of electricity and money itself shouldn't exist anymore. We should be on a pure barter based economy that uses computers to make the trades. People would get paid in whatever commodity or stock they want and then be able to go buy stuff with a card or app or whatever that sells off fractional trades to make transactions. Money is obsolete.

[@brolim.]

Bidenomics doing wonders

[@marknewton6984]

For whom?😅

[@brolim.]

@@marknewton6984 for ukranians and illegals duh!

[@eddiehulk7804]

Michael, Pep boys Automotive service labor (Texas) is about $180 per hour. 5 years ago was about $85 per hour

[@orbitalair2103]

When you miss a payment, the CC companies jump to 29%+ and up. Banks CANT repo all the cars they are due, because there arent enough tow trucks. But then you get the problem of they cannot just auction them all off at a loss....they are just letting people keep the cars. The WHOLE system is starting to fall apart.

[@jimshoe402]

Big LL's do the Same Thing late Fees unreal.😝😝

[@2-old-Forthischet]

Even if Trump gets into office, I don't think even he can head off an economic disaster. We're too far down that hole.

[@OGJeff685]

he started it anyway.. with his stupid PPP loans.

[@2-old-Forthischet]

@@OGJeff685we're way past the "blame game". We're in the new reality of TODAY.

[@robertmanley2687]

@@OGJeff685He was right about Wuhan and Fauci from the start

[@Danette2007]

I trust Trump way more than anyone else. Why do you think they are trying so hard to “disqualify” him?

[@gregorylyon1004]

He'll be the next Herbert Hoover in the white house

[@AmericanConstellation]

Mr. Bordenaro, good job on this video. It's a good one and the truth!

[@roncomeau5388]

Their prestigttators, miss direction,look over there,not over there!

[@waynelast1685]

3:40 The government is tricking you. The wages appear to go up but buying power ( real wages) has risen very little since the 1970s. Buying a house now takes much more percent of your income than it used to. Company boards' , top executives, and Wall Street salaries and bonuses have skyrocketed though.

[@mikesrandomvideos]

I think buying power has actually gone down.

[@frenchfred3]

the democrats are very aware of that but rarely have control of both the house and Senate. Anytime, they talk about taxing the rich and large corporations, republicans yell and say that this will kill the economy, which is not true

[@jlava1575]

​@@mikesrandomvideosyou're right buying power has plummeted.

[@waynelast1685]

@@mikesrandomvideos thanks for the clarification.

[@Jake-mv7yo]

Blame Nixon for going off the gold standard and blame Reagan for cutting taxes and running the money printer

[@BTC909]

The financial scam is hidden with property taxes being impounded. If you could see who has fallen behind on property taxes this would give you an indication as to who is in trouble.

[@nicolasbenson009]

The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@berniceburgos-]

Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

[@tatianastarcic]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@Michaelparker12]

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

[@tatianastarcic]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@BridgetMiller-]

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

[@edboyg187]

As a nurse we are struggling.

[@jimshoe402]

Move to my Nashville Hospital I'll get $5K 🥰🥰🥰🥰🥰

[@8MunchenBayern8]

huh? there's hundreds of RN jobs in any metropolitan area.

[@jcs480able]

UPS just laid off 12000 and FedEx CEO just announced the tightening of the belt as well.

[@carochio8639]

12000 globally

[@dp.7616]

Went to an RV show today in Worcester Ma...pre covid used to be free to get in and parking was 10$ fast forward to bidenomics and now it is 10$ per person and 20$ to park. A bottle of water and a bag of chips was 10$ and there was only one RV store represented . 1/3 of the normal amounts of RV's to tour. I will never go back . Shit has reached the fan. We left and headed to what was once a vibrant mall ...it's a ghost town. 50% of the stores are closed and there were only 4 choices at the food court. This mall is on its last legs ...and so is this "great" biden economy.

[@MM-ig2zq]

It’s great Bidenomics for himself with all the kickback he gets. But us, we are FK.

[@jdjones3317]

Trump was president when a massive amount of the money was printed.

[@HeffewiezenDudeGuy]

Stop blaming Biden. Jesus. You people. It certainly hasn't helped but we would have been screwed with anyone in office. COVID w/ low interest rates really screwed us big time. We tried to keep the economy running by stimulus/ COVID packages, PPP loans, and low interest rates. Government is just kicking the can down the road until the next election. We will start seeing layoffs this year and recession coming in around Q4. FYI: I've voted Independent for past 2 election cycles (Libertarian prior to that). I've always leaned right on most subjects. But I'm not naive enough to put all the blame on Biden. I will agree the egregious spending is not helping but our economy is suffering from a lot of other factors as well. We need to rip the band-aid off and let the recession happen. Audit the Fed and leave minimum wage alone for a few years. This will correct the market (low demand will build supply).

[@Calinative0523]

The mainstream media/Govt will hold the line in till election. The economic climate isn’t good, but few people talk about it. Even your local environment, you have a huge portion of the population believing that everything is normal.

[@selfgifted8295]

That's why am not voting because i don't see what i am voting far either party win is the same damm thing Bills,insurance,mortgage cars,food,all gone sky high with no change in sight

[@morriganfey6079]

My boomer FIL was literally bragging about how his "net worth" is up. He won't believe us when we tell him that's what bubbles look like.

[@dantheman6607]

Unemployment all time low, stock market all time high economy is great just got a raise in my union job too

[@jogregg6442]

@@dantheman6607 Many corporations are laying people off, reducing costs, and increasing profits, thus the healthy stock market. In regards to the job market, most of the newly created jobs are parttime and minimum wage. The massive layoffs have been primarily of high paying fulltime jobs. The media is not reporting this because to do so would damage Biden, and they want Biden reelected. I'm sincerely glad that you received a raise. An increased income will certainly help with the continuing increases in living costs, i.e. groceries, gas, insurance, housing, car costs, etc. I have never seen across the board price increases like this in my lifetime.

[@morriganfey6079]

@@dantheman6607 Even by their altered methodological standards, unemployment is not at an all time low. Losing thousands of full time job and gaining part time jobs in their place. Multiple jobholders up ridiculously high. Only 7 companies carrying the entire stock market, with most stocks having already crashed. Japan's stocks are still super high and they just declared a Recession. The union jobs are definitely pulling higher wages-- while hundreds of companies are laying off workers, or giving them slight raises while reducing their hours. Meanwhile basic needs costs are still going up and so is credit card debt, which are starting to see rising defaults. But yeah. What's not to love about this bubble economy.

[@s99614]

The rent is too damn high!

[@chucke756]

Too many people smoking the Feds white rocks!! 😂😂 Things are not good.

[@SirCarlosMusicBMI]

🎉🎉🎉 HOW THE HECK DID YOU GROW YOUR SUBSCRIBERS BY 3-4 Thousand in Just ONE WEEK?????? Actually I do know… because you always bring us fresh information and awesome thoughts. Thank you Michael. Blessings,Carlos ✝️🙏❤️😊🇺🇸

[@user-th3er1gp9o]

I have been going on other economic sights bragging about how great Micheal is. 😂.

[@SirCarlosMusicBMI]

@@user-th3er1gp9o Thank you for your reply. Michael is Definitely crushing it and I’m very proud of him. How long have you been watching his channel?? Blessings,Carlos ✝️🙏❤️😊🇺🇸

[@JNoMooreNumbers]

Many are looking to move with all that's going on.

[@singledadsurrogacy]

My issue is how long is it going to take for people to stop going to burger king and walmart until its down 50 percent

[@robhernandez1827]

When they stop getting ebt cards .

[@michellebatzel5809]

Who’s going to those places? Low life’s who get money from the G every month.

[@jimcrawford3185]

​@@michellebatzel5809 Hey! I m a fossil who gets SS and Medicare each month Yes. I m a useless human being sucking off the teat of dotgov but l don't need to be reminded! (PS. I do go to Wally World for my car battery - cheapest price - but not to BK)

[@yukonstriker1703]

​@@michellebatzel5809nah... Majority shop at Wallymart buying crap carbs

[@BREEZYM6015]

​@@michellebatzel5809Since when was going to Walmart for low life's? 😂

[@MegaBoolaBoola]

It's crazy! Restaurants are packed, malls are packed, airplanes are packed. Almost everyone I know is getting a huge salary raise, just to not leave their job. I don't understand where in the heck so many people are getting all of this money from!?

[@BREEZYM6015]

Where do you live that the malls are packed?

[@MegaBoolaBoola]

@@BREEZYM6015 Every city I visit, the malls are super crowded lately. And I see people carrying tons of bags overflowing with expensive junk. It feels like Christmas, but in February. It doesn't make any sense to me.

[@Gust-fi6ju]

Where do you live? I want to move there

[@brolim.]

They using credit cards, then file bankruptcy

[@nogames8982]

They are in debt up to their eyeballs probably. People are not very good about budgeting or cutting back. They want to keep up the lifestyle they're used to no matter what. But it will bite them in the butt pretty hard one of these days. And there is a portion of the population that is doing just fine. The problem is the portion of the population that is not doing fine is growing every year.

[@jasonsheehan7782]

People who think things are great might as well blindfold themselves, start walking, and hope for the best. I needed dog food this weekend and was blown away that many of the quality ones are around $50🤯 The cheap big cans of dog food which were .78 no longer exist. They're now half the size and $1.72. Its mind blowing.

[@pablo81778]

Better off financially now? Seriously... The inflation statistics have now proven to be false from the last report. The math makes no sense... If the economy was going so well, then why are auto and credit card delinquencies spiking to levels we haven't seen since from the end of the great recession.

[@user-pm1xf5uf7v]

Credit counseling is a requirement to file a consumer bankruptcy. Perhaps people are preparing to file bankruptcy.

[@surfboard396]

There is record credit card debt. There is record delinquency on those same accounts and auto loans. People are not taking the economy and interest rates seriously. They keep recklessly spending and don’t want to admit they are at least partially to blame when it comes to the numbers. The fed. is not raising interest rates for now but beware. It will happen. More people should pay attention and not look away from their own decline. 👋🏽

[@johnnyx9892]

100% accurate. At some point the credit card companies will stop issuing credit. People will declare bankruptcy. The whole this will go down in flames.

[@user-kq6sh8tg5f]

You're right that they're partly to blame! Like sheep following their leaders, they should know better not to live so carelessly!

[@mbnko]

Mostly correct. The crdit card companies and banks bear HALF the blame as they idiotically continue granting credit and loans to unqualified, high-risk borrowers. They will also lose big money when the extend credit and loans to those crossing the border illegally with fake IDs and backgrounds. Guess what happens when the person racks up a lot of debt, doesn't pay, and they try to go after them? YEP, they then can't find them or track them because of their fake ID.

[@BlackRifleRack]

I think they are saying ^%*$' it. and don't care.

[@blackworldtraveler3711]

I have no debt.

[@lisapolanski9379]

The amount of unemployment money people were getting during the shutdown was equivalent to an annual salary of $80,000 after taxes. People were shopping like crazy.

[@annmarie1689]

Some scamming like crazy.

[@MusicLover-ui9sm]

Not true for anyone I know They didn’t get that amount at all

[@BREEZYM6015]

Good point. A lot of people were making more by staying home rather than returning to work.

[@BREEZYM6015]

​@@MusicLover-ui9smMaybe not $80,000 but a lot of people made more than they were prior to being laid off.

[@hannw7]

Link to that data please.

[@bryanspayde5681]

I’m dept free but it’s coming to a point I might have to sell my toys !! I love getting high flying my airplanes…. My wages have dropped over the last 3 years

[@DrSchor]

what is dept?

[@dangolden829]

He is department free. Seems as though he is no longer affiliated with some sort of classification or sector@@DrSchor

[@JNoMooreNumbers]

​@@DrSchorI think a typo. Debt.

[@dgriffin6074]

Michael, my newest car is an '07; my oldest is a '72. They are relatively cheap to repair. According to Scotty Kilmer, some new cars have as many as 90 computers and are expensive to repair because of their complexity. Yet another example of " The Law of Unintended Consequences".

[@Cozydrone]

Not only do I not have any balance on my credit cards,they owe me money😂🎉😎🤡😛🥞💰🤙

[@chrishartman9467]

got JESUS? this world is screwed

[@larryjohnson9737]

Jesus wont help you with your bills

[@Xaforn]

A friend works at target and has been catching more people than ever trying to steal; they’re stealing food, dog food and necessities. Also they try to return items they never bought for cash. The return section of the store is always full too, they can’t keep it empty, fills up every day.

[@Thetattedcat]

I worked at target in 1985 and things were exactly the same then as they are now. Nothing has changed.

[@1realtruthrightnow742]

My rent jumped up another $100, taxes $115, my cable bill went up $20, Phone $10, Gas $15 Car Ins $32 and don't even get me started on groceries. The slow boil has been certainly turned up this year

[@jaygalgano8033]

If we keep buying, they will keep charging higher and higher prices……. Wouldn’t you do the same if you were them?

[@MrWphilips]

The Recession has been activated for sometime, and is extremely severe! The eagerly touted Soft Landing is nothing but a wishful fantasy, never realistically on the way!

[@mbnko]

The administration's puppet agencies have changed the definition of what a recession is. They're WON'T be a recession between now and NOV 2024

[@shanejones578]

It’s worse than the craziest conspiracy theorists wildest wet dreams… *edit* “conspiracy theorist”

[@Bergamot88]

I don't know about the UK but here in portugal my car insurance is only 220 euros (240 usd) a year. That's for a little cargo van, a berlingo. My house insurance is 20 euros a month. I was living in canada up until 2022 though and I gotta tell ya, insurance costs in canada was through the roof! It was highway robbery

[@showandtelos1877]

There are people in this world with no access to food and clean water, homeless, living in real poverty. We forget how extremely privileged we are as a country.. many will be in for a very rude awakening when things actually crash and the grocery stores shut down.

[@briand2340]

People like to blame others instead of taking personal responsibility for their behavior.

[@commonsense6967]

Bingo!

[@patpeacock8150]

It greed by corporate companys

[@frankiebflat5728]

If I come home from the store with three bags it’s like $100

[@leave3386]

Wait till it's one bag

[@kathykobos8980]

shop at Aldi's

[@argeldelacruz9545]

No one I knew had a wage grown. Even the government workers here in Canada went on strike as well as many others went on strike just to get a raise

[@wxxw-pc7qq]

Raises are not the solution more money on the market brings more inflation

[@madelineveggie3931]

Credit card interest was over 18% during the 1980's during the Carter administration. Ronald Reagan helped the economy and interest rates came down.

[@wespotter6985]

Time to cut up the credit cards. Pay cash, or don't buy.

[@marknewton6984]

Trying. Soon. 😎

[@sponkmcdonk3898]

Debt is cheap with high inflation

[@garycobe3472]

But ALL that credit card debt isn't because of desperate spending. There was RECORD travel last year AND RECORD spending on holidays. Plus restaurants, casinos are packed! These huge corporations had record profits last year and pay a lesser tax rate then most of us!!!!! The 2017 tax break for corporations and the mega rich is a joke! And our taxes go up until 2027 because of that 2017 tax change. It's horrible!!!!!

[@oppenheim2]

About 32% of new home sales are all cash. And about 30% of all homes owned are debt free.

[@JNoMooreNumbers]

Most likely paid off mortgages. Should be higher. Many homes in my area have had the same home and now the kids live there. I imagine the cash is stuff like Black rock then those with that kind of cash laying around or sold a house in California or somewhere expensive and moved to a cheaper state. Some fixer uppers too.

[@gregorysagegreene]

'raaaay Chinese.

[@gwats19577]

I worked every day of the Pandemic...Still working and so is my wife in our 60s our debt is down but our savings are doing great... It requires you participate in your life, not wait for the Government to fix it....

[@lordinquis8r679]

Thanks, Michael! I agree with you about the deception.

[@michaelparman2305]

You, my friend, are becoming a rock star…great show today Michael 😊

[@mikeyoung7022]

Our dishwasher went out. We went to Lowe’s to get a new one. We opted for the 12 month free interest knowing we would pay it off early. Got the first statement and it showed 31% interest rate 😩 if we don’t pay it off in a year. Unbelievable!

[@GenghisKhan311]

I have customer with a Bentley that can't pay his bill. So many here in Florida living way beyond their means

[@ByDesign333]

Whats up America? Is all the spending / Gambling here another Roaring Twenties syndrome pre-disaster frenzy? The new Casino in my city is packed. Pre-Great Depression 2 ?

[@jackiemcarthur7391]

Most of the people I've seen in casinos, are the people who can afford to lose money the lest. You know how it is, they are "gonna win big"! I've always worked too hard to throw my money away like that. But to each their own.