The FED Just ADMITTED THE ECONOMY IS COLLAPSING!

According to the FED's, most recent beige book, there are five alarming signs that the economy is in freefall. We could even be on the verge of economic collapse if these problems continue to worsen without any real solutions. All our government and the FED wants to do is print our way out of this which will no longer be possible. The recession/depression is here.
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s KZbin channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, KZbin, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[@MichaelBordenaro]

NO ONE CAN AFFORD THIS ANYMORE! kzbin.info/www/bejne/e2TQiIWXiLFgp7s

[@julioblanco]

I wonder what is your take on the Florida current government scaring off immigrants and then people complaining about how nobody wants to work or only want a decent living wage?

[@214hotrod85]

I understand the youtube hustle. Do you ever make any postive video's?

[@JFEnterprize]

It’s barely getting started tho 😮😢

[@JFEnterprize]

@@julioblanconot just immigrants in entry level jobs. Lotta construction guys seem to do as little as possible whenever possible.

[@noahhamilton1026]

Murica 😂😂😂

[@JaneGallagher-ur9jp]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@AlejandraIgnacio-vv8tx]

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

[@CatherineBates-bg4fc]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation from $275k to $850k.

[@scottjuarez9549]

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

[@CatherineBates-bg4fc]

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@islesofshoals3551]

The Senate just passed 95B for Ukraine, Israel and Taiwan. That's billion folks, not million. The amount blows my mind. Meanwhile our own country goes to crap. WTH is going on?

[@wxxw-pc7qq]

Did you on purpose forget the muslim terrorists in gaza ?

[@the_derpler]

It would just be wasted on us. We are dumber and lazier than those people.

[@amr8457]

It's going to the Military Industrial Complex. Biden and Co. have robbed us like no other. The average person won't benefit from this at all.

[@pauleverman6947]

its not going to crap its going to plan

[@dianamew]

I made the same comment the other day and it was deleted.. shadow banned

[@nicolasbenson009]

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

[@berniceburgos-]

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

[@tatianastarcic]

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

[@Michaelparker12]

Please can you leave the info of your investment advisor here? I’m in dire need for one

[@tatianastarcic]

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

[@BridgetMiller-]

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

[@waveblast2]

The increasing homeless you don't see on the streets is the number of people now living in their car

[@solomongrundy1467]

Exactly. People who live in vehicles are less conspicuous than someone sleeping on the sidewalk.

[@svt.787]

@@solomongrundy1467💯🎯

[@breadnaut3087]

5 Guys charges $25 for a burger and a chocolate shake. I refuse to pay that. Ever. Ill make my own god damn burgers and shakes for $25.

[@jkmarshall3553]

That's F'ing ridiculous!

[@johnhix484]

Just saw the Outback hereinDallas brought steak and lobster back for $19! Keep your burgers!

[@adolfdyversiti6517]

The other question. Why are you eating this highly processed junk foods,and you are going to the healthcare system from public funds.... Where is the self responsibility?

[@garyclark979]

You mean for much less than $25! I can make a bacon, egg and cheese (BEC) sandwich at home for 70 cents or I can buy an egg McMuffin at McDs for $3.49. What a tough decision! I will continue to eat my BEC sandwiches at home. Duh!

[@caseymurphy244]

Went to Pizza Hut the other day. $29 for a medium sized Pizza and a pop.

[@jaws10278]

Blame all the crooked politicians (both sides), lobbyist, banks, and the greedy CEOs. Thats what is ruining this country.

[@goldmund22]

Yes pretty much. We have a few politicians who've worked for the middle class and people, mainly Bernie, but there are very few.

[@hellooutthere8956]

Giving them money. Isn't that called money laundering?

[@jusrarsh4109]

*HOA fees are criminal. It’s like insurance companies. They want your money, but they do NOTHING for you. Wake up America.

[@claudermiller]

I live on less than $1,100 month social security. All I ever buy are the necessities, and the price of those has gone up 30-50%, beginning with covid. I'm so demoralized right now. This sucks.

[@ironangelsfashion7400]

Am sorry … this is not right . Hang in there. You are worth more than that you can buy. Stay positive and do your best .

[@sfrealestatedealmaker6001]

Go to the food pantries

[@tikihutdweller5944]

@@sfrealestatedealmaker6001 Most of us need a car for that, and my insurance alone is running me $155 a month, and that's for basic insurance on an 18-year-old car.

[@Lori1976]

My generation helps pay SS but will never see a cent of it. Thats demoralizing.

[@alanheadrick7997]

Move overseas.

[@debbiec6216]

*They Lie to the Public* *They couldn't tell the truth, if their lives dependent on it* *Once a liar* ! *Always a liar* !

[@hoppeanofasgard1365]

question is why do we keep paying taxes to these dishonest clowns

[@efirce]

Because they will send there Goons if you don't.

[@hoppeanofasgard1365]

@@efirce Can't arrest 300 million people mate.

[@dandyandy642]

I can handle the truth. I can't handle them doing all this intentionally.

[@conniepitts8392]

​@@davidhenryhudson3102BS. It's all out in the open now .... Even Stevie Wonder could see it.....

[@rangerdoc1029]

The US has become the very thing we mocked the Soviets for when I was young.

[@jamesmichaeljean7840]

What are you even talking about? Russia never had a fentanyl problem or a homeless problem like the USA. The whole government is a problem because they all lied to the people and wants them dead.

[@brianmeegan6384]

Exactly. Trump supports Putin and Russia, and promises to be a dictator on the first day of his second term.

[@thomasallen6980]

I DID NOT vote for Reagan. That's on those who did.

[@troytaylor1913]

It could be worse. The Soviets didn't have a Utah Data Center where everyone's sins were recorded to be used for blackmailing politicians and punishing little annoying peasants when they got out of line.

[@killer2600]

@@thomasallen6980 But you did vote so it's still on you for playing the stupid team A or team B game they have you play. Also Regan was about 40 years ago, what has Team A and Team B been doing since? As the 80's movie "WarGames" fore-told, "the only winning move is not to play"

[@gb-jz7mr]

I am in trucking.Recession is here and it will be bad.There is no freight,nothing is moving.

[@007stopjockin]

Hi! WOW!!! Please keep us updated on how things keep progressing! I hope you and yours will be okay. 007

[@ladysunshine9029]

The trucking industry is always a good indicator as to what is going on.

[@julioblanco]

Funny, I see trucks everywhere and every day, especially in the left lane going under the speed limit...

[@Stranger_In_The_Alps]

@@julioblancomost of those loads are empty, they are driving to the mechanic or the used truck lot

[@julioblanco]

​@@Stranger_In_The_Alps B.S.!

[@GoodCitizen.]

Fast food is done. The only real benefit was cost, now it's cheaper to get restaurant takeout.

[@larrylamartina6230]

Restaurant food is so expensive. We don't go out and eat anymore. We've been cooking all our meals at home. We may go out once a month to treat ourselves. If you don't know how to cook, you ought to learn how it's much cheaper

[@breadnaut3087]

Tell that to my bank account.. grocery prices are ABSURD.

[@Resmith18SR]

PB and J and tuna fish sandwiches.

[@BruceLee-xn3nn]

Typical boomer lifestyle. My parents are almost 70 and I can remember back in the day how tight they were with money, and still are. There's too much wasting for convenience nowadays.

[@SonuDR007]

Not only that but home cooked food is much healthier. In fact I can only eat my wife’s home cooked food and allergic to anything outside

[@xbirdsofparadise]

Yep I made tomato egg with rice, $2 a meal portion. Took 20 minutes with easy leftovers. Delicious and I can adjust the seasonings and it’s healthier and cleaner. So normal people spend 10-12x more on food and I save that money. Everything I cook is cheap and healthy, and my frugality extends to home life too and deals, not shopping or going out. I took my extra $1000 each month saved for a year and bought bitcoin at 16k so now I have 50k+ from that just for eating healthy at home and doing the work 😂😂😂

[@johnb-qw9sp]

All information from the federal government and government agencies are manufactured to fit the narrative they want. Remember that the federal government is allowed to use propaganda on its population.

[@TheUtuber999]

Remember the warning the IMF issued to the US a few days ago about its out-of-control spending? You can bet they are laying the groundwork to implode the economy and say they told you so.

[@gregwyatt9840]

ai

[@andyirons7162]

I like the saying "the collapse wont be televised on TV".....we should NEVER go off Govt information because its lies and propaganda, like you say. Listening to the GOVT and official agencies will turn you into a sitting duck. It's actually clown show how far they manipulate the CPI figures. they collect taxes, rob us, lie to us, allow millions to enter illegally, print money to infinity, kill businesses with regulations.....Govt is putrid.

[@julioblanco]

😂😂😂

[@brucesimpson8579]

Alex, is that you?

[@MM-fe9mz]

The government keeps changing the definition of a recession

[@aveaguila7679]

Yes, they keep changing the way to measure it.

[@ycoyle2803]

It reminds me of when Regan administration started including the military in employment numbers in the early 80’s.

[@aprilgentile5438]

They have also changed the calculation of how it’s measured

[@bansheezs]

Just like they keep changing the definition of what a woman is.

[@johnristheanswer]

The definition has NEVER been written down . The 2 x Negative Quarters thing is not ` official `.

[@bradleyw3771]

WE ARE Surrounded by Professional LIARS!!!!!!!!

[@marypoppins9380]

Exactly

[@johnberry2877]

Technically they are classified as Narcissistic sociopaths !!

[@vytallicaq.6881]

And thieves.

[@cherylT321]

And, sociopaths!

[@MusiqallyDivine]

...and yet the governed are still consenting to this long train of abuse.

[@cdmorrissy3692]

I'm in Arizona and my Progressive car insurance went from $574 to $978 for 6 months - for no reason at all. Thankfully, I only drive about 100 miles monthly, so I'll be getting an Allstate "Mile wise" plan, (which is for low mileage drivers) and I'll actually now pay less than $400 for 6 months, for full coverage. SCREW YOU Progressive !!!

[@johncronin5311]

I got news for you. Allstate will always lowball to get you in, once in, hold on to your britches, at least in michigan, I hope im wrong in your case, but yes, its always a good idea to compare

[@marias7848]

Agree. I switched insurance company because of how high it got, no claims or anything. At this point, it seems like you need to jump around every few years. Gone are staying with a company forever.

[@poisonvax1927]

I read an article on the computer lookey box the other day that stated that allsate was in the top three worst insurance companies for consumers.

[@thomasallen6980]

You moved to Calizona, nobody else. Wait until you get a letter from the HOA stating your lawn decoration rock is not up to code.

[@FreshGrey-pm4vw]

darn, not avail in my state: Milewise is available in: AZ, DE, ID, IL, IN, MD, MN, MO, OH, OK, OR, PA, SC, VA, WA, WI and WV.

[@davisholman8149]

People - tighten up - we may be in a world of trouble. I bought a Subway meal for the first time in years. Just a sandwich & a drink was over $12! That’s crazy - how are people with teenagers feeding them??

[@mickeyslaven]

There are no teenagers because no one is having children. It will continue to get worse.

[@Pallasathena-hv4kp]

We used to have dinner leftovers before my kids became older teens 😮

[@TruckerLerone]

Subway is not a necessity

[@MultiAnne36]

Meanwhile my teenager just got a restaurant job that only pays $12/hr, no tips. Hard to believe but service jobs in Florida are very low paying. The pay here has not gone up with inflation.

[@rachellenelson126]

Burger King has 2 burgers and 2 fries for $5 total right now. Not super healthy, but it’s cheap.

[@mitchellcrow8761]

This depression is going to be far more devastating than 1929..... people are going to go nuts

[@nickwilkinson7728]

I volunteer at a non profit horse rescue, because of inflation , people are giving up their horses , the cost of hay and care has gone through the roof, it's squeezing the life out of us..

[@simonefeaster5131]

I work for a public charter school in WA state, as part of the Student Support Department. We have been seeing homelessness and requests for financial support increase year to year by 25-30%. Appalling how many families are living in their cars. The struggle is real and it’s getting worse. Thanks for your honesty, Michael!

[@dertythegrower]

Wow +1

[@Theguys1]

America the beautiful.

[@michaelpowell7120]

You can't live in a BMW! The nerve of some people.

[@JFEnterprize]

There prob gonna need to find friends in same position and rent a 3br home and each family takes a BR to live in.

[@JackAttack2011]

I live in Washington state, the price of everything is out of control, it’s no wonder there’s so many homeless people. I’m paying almost $1000 a month just to rent an rv site. How ridiculous is that?

[@pinschrunner]

I pray that no one in this community will be blindsided or broke 🙏

[@Viconius]

Praying is about all that's left.

[@michaelmaguire5594]

Don't bag on us broke folk. Our nut in this sh!t storm is very small compared to those with skin in the game. Now, those that have not been paying attention that will be blindsided......all I can say is WOW! What life is about to be like for you!

[@thomasallen6980]

Keep praying. Make sure you use hand cream when you pray.

[@brianlee2646]

There are so many Americans that believe the government has their best interests in mind, but they don't. They only have their own interests in mind and we have each other. When United we are the real power

[@donaveningram826]

That’s why they distract us with celebrity gossip. Racism.Lgbq agenda push. etc.. just to keep us divided.

[@sphereboy]

you just passed my house 👋

[@iworkout6912]

Hopefully is one of the nicer ones, some homes on his walk today looked kind of run down.

[@brucesimpson8579]

When are you going to mow your yard?

[@dickeysgarage]

​@@brucesimpson8579 😂

[@BonnieJeanTlq]

@@brucesimpson8579 😂

[@thomasallen6980]

You a roid? I just passed gas.

[@josephtrudel1816]

Think 1929...(2.0)..its already starting...$35 Trillion..in debt & rising every SECOND..real inflation on everyday items...50-80%

[@zakariazherrera9465]

Trillones china money 😁

[@SheepAmongGoats]

If only this time will be like the last great depression.

[@beatrixbrennan1545]

Eggs went up 500% in my area. Almost every food item has doubled.

[@julioblanco]

😂😂😂😂😂

[@notyetjp]

@@julioblanco These guys aren't even on the same planet...where are they getting this stuff?

[@HandSaversUSA]

I install high end tile for a living. Yesterday, I was caught off guard by the supplier of setting materials, informing me that business has slowed dramatically. They also stated that many of the other installers are equating this slow down to the 2008 situation. I had a conversation with all of my crew last night informing them to be careful with their money because it's only a matter of time before the current hardships catch up to us. Even though I am booked for 6 months, you most likely won't escape what others have been going through for months.

[@mph5896]

I can see 2024 carrying along about the same. Past that 😂

[@crypto_chick_]

Yep always takes a while to trickle through so thanks for the perspective! I’m in Las Vegas and it’s still going strong, not sure where are these ppl are getting the money to spend here, but recessions hit Vegas LAST. Ppl will stop eating out, stop laying expensive tile, stop going to Disney land but they’ll put their last 100$ on black!!

[@ColeslawLarry]

I'm 70. Had a heart transplant, doing good. I am saving money any way I can. I'm growing a beard because shaving razors and blades COSTS TOO DANG MUCH! Walmart 2 days ago had Diet butter cookies. 12 in a package, $18.79. WHAT IN THEE HELL? I needed dishwasher tablets, bought a container of Finish Power Washing Tablets. Got home opened it up the container was HALF FULL!!!!!WHAT IN THE F@#!K???!!!

[@kellybrandon1179]

You'll get used to it

[@thomasallen6980]

Sounds like it is time to go into a senior home. You can show off your railroad tracks to all the 80 year old hotties running around there.

[@cherylT321]

Learn how to make your own via KZbin!

[@Botoburst]

Go back to hand washing or just don't use the soap in a dishwasher, hot water itself is effective enough.

[@r-anne7375]

@@thomasallen6980 You sound like you still live at home with mommy.

[@user-pq8qv3fp3y]

I honestly want to tell you that we all are talking about inflation and corruption and greed but nobody has a remedy to do anything about it. Sometimes I get sick of the whole thing, the more we talk, the worse corruption becomes.

[@KingDanny9]

All part of the system. America was literally built on oppression.

[@user-pq8qv3fp3y]

@@bananas-01 People who joke about realities, brought curses upon us.

[@NWCRYPTOADVISOR]

Sidestep the system use bitcoin cash like bitcoin was intended

[@NWCRYPTOADVISOR]

Pay for things in silver

[@NWCRYPTOADVISOR]

Everyone collectively stop paying taxes🫵🤷‍♂️

[@gunfunandstuff9226]

Those in position to fix this crap DO NOT CARE.... they're the ones that don't have to go grocery shopping, nor fill up the gas tank of their transportation, nor pay the electric bills, nor their medical insurance, etc.

[@Jbs6187]

I haven’t been to a restaurant in 8 months. I don’t think I will be eating out more than once a year going forward. $100 PLUS MANDATORY TIP for a meal for 2 people is so beyond absurd.

[@caryn9561]

That mandatory tip sometimes i can only give what i can.

[@ordinaryhuman5645]

That seems a bit steep. Maybe avoid the fine dining places and do something more family -friendly.

[@shanejones578]

I tip silver from my stash. If they don’t like it, they can go get their moneys worth.

[@shanejones578]

It’s a nice way to spread awareness and interest in stacking/prep for the dollar collapse

[@SpiKSpaN-ei6zq]

​@@shanejones578 as a fellow stacker, I applaud your efforts😎👍

[@andrewgleason586]

The inflation in this country is completely unsustainable in every way.

[@user-wp3cy3fl2j]

The inflation rate is 3.1%. In Turkey the inflation rate is 67%! Stop whining.

[@hoppeanofasgard1365]

@@user-wp3cy3fl2j Keep in mind the US government fudges the numbers, real inflation rate is closer to 8%. Also keep in mind people in Turkey do what people in Argentina do, and that is as soon as they get paid they convert their currency to dollars so that inflation doesn't effect them much more than it's effecting us. Unfortunately Americans have no other currency to convert into that would do better than the dollar.

[@user-wp3cy3fl2j]

@@hoppeanofasgard1365 Sorry, but I'm not a government conspiracy theorist. I've actually worked with the government at times and with few exceptions, the people who gather the information and put out the reports are extremely honest and as precise as possible in those reports.

[@hoppeanofasgard1365]

@@user-wp3cy3fl2j lol, says the person who worked in the government, yea ok, I'm going to believe you haha, not.

[@RonsmooveTI]

@@user-wp3cy3fl2jhigher than what government say because car insurance inflation is like 15-20%, buying food is 15%

[@danielkurek7009]

END THE FED!!! INFLATION'S BEEN TOO HIGH FOR TOO LONG.. PEOPLE ARE SUFFERING AND CAN'T AFFORD TO LIVE.

[@rjobrien7805]

End the Fed and replace it with what? It's fiscal policy that's out of control.

[@nanticokeroads8966]

It's not the Fed. It's the Biden Administration spending money like drunken sailors.

[@danielkurek7009]

@@rjobrien7805 how about sound money instead of this manipulatable BS Fiat fugazi backed by an insolvent bankrupt government with a spending problem and an unlimited credit card??? I mean the either they are completely and utterly ignorant and don't understand the system or they understand it perfectly and their weaponizing it against the masses?? We're all going to be risking going to prison here soon cuz we're not even going to be able to afford the taxes that our government demands from us 😢.

[@rkw92262]

Consider that we're at tail end of a covert military/police sting operation. EO13848/13903. The financial (FED) banking/medical/media cabals being smashed. We have the QFS quantum dot gov, and a treasury ready to stand up. 650 plane loads of gold for starters, add forfeiture/seizure funds. Things won't be the way they have been and if you haven't been trading daily, paying attention since 2016 you'll have catching up to do.

[@danielkurek7009]

@@geocam2 how about sound money stable monetary and fiscal policy.. it would put handcuffs on the government from spending willy-nilly. We the masses would acquire an even exchange of value for our time and labor. The rich that have used and abused the fiscal and monetary policy as well as Wall Street would likely all go broke being that they hold their wealth in paper Fiat IOU garbage fugazi.. an intelligent people that have been holding physical gold and silver for decades will finally get paid.

[@janedoe1404]

I cut satellite TV years ago, canceled the pest control, I do it myself, keep thermostat at 82 to 83 in the summer.

[@JackAttack2011]

People just don’t care about one another at all anymore, it’s how much can I take from you and get away with it mentally. We are doomed as a society it’s over folks

[@jjones3566]

@jack attack2011 I completely agree with you!

[@Doberman-ml7fv]

This is the 'secret ingredient' that's going to make what's coming so bad - the mentality you describe didn't exist in 2008 (at least, not to anything near the extent that it does now).

[@patgreco2098]

I've been saying it for years...the inherent flaw with the sort of society we live in in the United States is that everyone is trying to get as many bites off of the next person's plate as they possibly can in order to ultimately enrich themselves at the other person's expense...we're like a bunch of parasites...millions upon million of parasites running around in search of hosts to feed upon.

[@chapman1569]

My father always said that if you help somebody in trouble, you shouldn't accept money, like somebody stuck with a flat tire. But he also frowned upon when you land a hand and expect money. To his generation, a good deed wasn't done for money and you could expect it would be paid forward. I hope we can see a return to this attitude if things get that bad. Otherwise , yes, we are doomed.

[@paulgavian90]

Exactly this

[@FallacyAsPraxis]

If you have a second passport you should start making preparations to leave this place. It’s over.

[@David-TX59]

Please let me know where to go, I can't find any place to go.

[@Turbonuotti]

Come to Finland, i think this debression will hit us too eventually but at least we have beautiful nature here 🌱🌲🌸 love you all, let's stay strong and support each other through these darkening times

[@podmonkey2501]

An economy based on debt and spending is completely unsustainable. Humanity needs a new path. Developing a universal self sufficient society is an imperative.

[@maxwolf8055]

It is fiat money system . This all starter after the US come off the gold standard in 1971

[@podmonkey2501]

@maxwolf8055 It started in 1913 with the founding of the "Federal Bank".

[@junulock]

Yes. The one thing the gold standard did was it provided a check to government spending. The system as it is now; in order to expand the volume of dollars that are available it’s done through debt. That is how new dollars are created. And they crank the printing presses up.

[@juneberries4240]

Four people / families moved out of our neighborhood in the past month and a half. First neighbor that left was a single man in his 40's , said he was selling his house and moving closer to family. ( I told my husband that not everyone will tell you if they got layed off ) Latest neighbor just moved out . Told us that he had just been layed off from his job of 12 years, and is moving across town to his family's property , and building a small guest house there to live in for a little while. These folks are professionals, had good jobs. Recession is when your neighbors get layed off.....

[@radiomanze1296]

Depends on who and how many neighbors you have. We're in the starting phase of a depression. We've already been in a recession for the past few years. Extended credit and excessive government spending has hidden it very well

[@juneberries4240]

@radiomanze1296 yes, I agree with you that we've been in a recession for a while .

[@nogames8982]

And you’re next. hopefully not, but you must prepare. I got laid off my job of 25 years in 2020 because of Covid. They laid off a bunch of people. Now they can’t get any of us to come back.

[@robertmanley2687]

@@radiomanze1296 I was weaned on the 1974 Arab Oil Embargo recession and 1981recession.

[@namename6459]

… and a “depression is when YOU get laid off”

[@kitnanaai]

NPR ran a hit job today saying consumers must not vote based on their feelings about inflation and rather go based on official figure of only 2.1% inflation in food prices. Wonder if Soros and NPR would cover the rest of everyone’s groceries.

[@johncronin5311]

What is NPR?

[@Doberman-ml7fv]

@@johncronin5311 National Progressive Radio

[@Botoburst]

@@Doberman-ml7fv *Propaganda

[@PartTimeLaowai]

Doubtful Georgie boy would have any spare cash what with the billions he pumps into in his Open Borders NWO agenda.

[@PartTimeLaowai]

Doubtful [*] would have any spare cash what with the billions he pumps into in his Open [* ] N[*]O agenda. [* redacted by KZbin WrongThinkBot]

[@justme2272]

Greed always ends bad.

[@GG-im6pq]

CEOs keep making record breaking profits but never share any of the losses . I never understood that. Shareholders can take a hit as well. This system is broken.

[@blackworldtraveler3711]

I doubt long term shareholders are worried. Dividends stayed the same and some had increases during Great Recession/housing crash and Covid shutdown. I have been a shareholder since 15 with stocks that used to be below $5 a share starting with companies like Walmart,Exxon,Oneok,and United Healthcare. I’m 52 now,retired,and debt free.

[@AlphaJ369]

Been in the corporate world a long time. CEO's and share holders make money by the continual hiring and laying off now. They also try to buy off the competition, gaining more workers and laying off to increase their margins. It's been getting progressively worse for decades.

[@ihave35cents95]

That’s not how things work at all😂

[@fredk9999]

No accountability until day after Election Day. Period

[@geraldkoth654]

There won't be one single thing change, if there even is an election.

[@Healingandchoices]

Remember....then..now AND later. ...it's ALL Trumps fault

[@donjuan2509]

I dont think the election is goign to bring accountability.

[@efirce]

when was there such a thing in Gov. ? NOT Happening. Funny how they can do what ever they want and zero prison time, if you did 1/10 of what they doing you would get life.

[@AndrewDavis-sx6vp]

“It’s not who votes that counts, it’s who counts the votes” we will be screwed in Nov. then we will know it is all lost. I blame the folks who voted Dem in 2020. Trading means tweets for communism. I don’t think they understood the price. We now live in a prison.

[@janethill4365]

I was raised by the "Greatest Generation", thank God. I remember my mom telling me she bought a loaf of Wonder Bread for a nickel.

[@julioblanco]

Wonderbread was 11 cents in 1936 during the great depression, a horrible Era in this country. 11 cents in 1936 is equivalent to $2.47 today, so the price of trash bread has remained constant...

[@michaelpowell7120]

Still had no nutrition.

[@radiomanze1296]

It was actually the "greatest generation" that brought us to where we are today

[@robertmanley2687]

@@radiomanze1296 Boomers rode the wave. We were Lucky

[@herlegz6969]

@@radiomanze1296 greatest greed generation. Absolutely ensured massive suffering for many generations. Absolutely pathetic and unforgivable.

[@makeyourlifeeasier5794]

As a small business owner who buys items directly from the public when they need money, I have never seen selling like this, & we've been in business 41years! We're buying from mostly middle-class people or seniors on SS who's bills are crushing them. As a " boots on the ground" business, I can see the pain inflation is causing. Many people live in a bubble with large incomes or large government pensions don't see. Michael speaks truth.

[@mr-vet]

Greedflation is the problem.

[@RGE_Music]

The fastest type of inflation in American history

[@Francisco-po1cf]

Yup

[@karifredrikson-lr1mm]

I’m frightened about the condition of our Country. I’m 75 & living in a Sr Retirement Community. It is a “Bubble”.Most of us are here because we saved, or have generous Pensions, or have investments. Or a combination of all these things. All of us have lived during treacherous times. Like Jimmy Carters Presidency. Or 2008 Debacle,which could have been avoided if the Gov Agencies had done their jobs. But I think, this next Recession, will be followed by a Political Upheaval never seen before by Americans.

[@MsKris2626]

This 👆.

[@rickcouture2156]

this reminds me of the late 1970's, just before equity dried up, and inflation took off. one day it was over, and we were all set home from work.

[@kevinschlosberg7124]

The rent’s too dam high!

[@noreenn6976]

Agree, the rent is still too damn high!

[@Jenks1]

The biggest bank in the UK just wrote that house prices are gonna go up this year and rates come down. House prices are already suffocating the average worker.

[@avenger1212]

I guess it goes from unaffordable, to completely unaffordable, to ludicrously unaffordable. At some point it's not worth watching anymore cause it just doesn't make any difference.

[@sirgriffinman]

If they get more expensive nobody will buy them. There is definitely a limit to all of this.

[@EvelinHolmes]

@@sirgriffinmanyes they say that but looking at Vancouver BC the price are going higher by the minute. Where are these people coming from? $ 2 million an average price. That’s not near the river or Ocean. Unbelievable.

[@brena4911]

Who the hell is buying these houses??

[@taffyalusa4642]

This, yet all the idiots blaming Biden, he must be a genius if he's controlling global economies!

[@Opinionated219]

I just got notified that my last day is exactly 7 days from now. I was not alone in this. I work/worked for a well known instructional design, engineering, and simulation company that bids for, and satisfies very large government contracts...to the tune of millions. The contracts have suddenly started drying up. After recently hiring a multitude of employees with highly specialized skill sets, we are now counting down to the end of a career. This is a global reset, and I do not know where, when, or if this ends well. Best time to look for new employment is when your employed. Nobody is immune to a good ole restructuring to cut cost. I believe it is approaching epidemic levels. If anyone has dollars, its the government...and they are starting to cut back on the distribution of those dollars. I believe we are in a free-fall, and this does roll down hill. No money = no spending = no demand = your fired.

[@jjones3566]

So sorry for the loss of your job.

[@julioblanco]

And this will continue if people overall decide to stop spending.

[@justinlowry6522]

Sorry you will be losing your job, hopefully you can find something quickly. You're right though, it's a mess and will get worse. A.I. is going to replace millions of jobs as well.

[@thomasallen6980]

Economy is going through big changes. We are trying to isolate the Middle East economically at the same time we are trying to move ahead with alternative fuels. The Karl Benz engine has been around for over a hundred years. It's a joke. Hopefully you will survive the changes. There is no way we can stay "stuck on stupid" forever.

[@justinlowry6522]

@@thomasallen6980 we've been stuck on stupid my entire adult life. I'm 41

[@coinhunter222]

once prices go up they dont come down

[@matthewnewhouse9695]

Insurance is a scam,forcing people to have auto insurance. Most times they try znd not pay when theres an accident or a house fire.

[@maverick-zj3jz]

Gas prices here jumped from 3.29 to 4.50 overnight.

[@debbiec6216]

it's going up here in the Midwest !!! I been watching everyday for yearssssssss ( decades )

[@SunofYork]

when Iran is at rooks, that happens. NOT a product of inflation

[@SheepAmongGoats]

@@SunofYork Prices are still being suppressed for election year.

[@alanheadrick7997]

Where do you live Soviet Kalifornia?

[@littledebby365]

@@alanheadrick7997 😂

[@sarashann]

Repeat after me. It's wealth inequality. The US population's income/ wealth is no longer a bell curve. The middle has been flattened.

[@andyholder6039]

A lot of people get mad when you tell them the truth. I been telling people for two years to get ready.

[@sunso1991]

It's all falling apart. The economy, law, order, culture, entertainment, food, infrastructure. People used to say "oh you can't trust the official numbers out of China, they are not a Democracy like US". What a sad joke we had become just in 4 years

[@petefraser3013]

True dat

[@jkmarshall3553]

You are correct sir!

[@radiomanze1296]

It's supposed to be a republic, not a democracy. It was all downhill after 1867

[@herlegz6969]

It's been this way since the 1980s. Look up Bernie Sanders fighting against it since then. Capitalism has ensured the capitalist slave owners have rigged it so they now own basically everything and there's nothing left for anyone else. Capitalism.

[@davebellamy4867]

Five Stages of Collapse by Dmitri Orlov. A 10 year old book.

[@kathym6603]

Michael, Thanks for "having a heart." Not everyone does.

[@robertmanley2687]

The Cowardly Lion was given a heart by the Wizard of Oz

[@loisaustin6200]

Some unknown guy on here named Thomas Allen is one of those "everyone" the way he loves insulting and mocking people.

[@vicp99]

The fall feels inevitable at this point. I feel bad for those who by no fault of their own are not ready.

[@julioblanco]

😂😂😂 I feel bad for those that live their life scared...

[@miopera40]

You shouldn't feel bad for their army of debtors, they are a big reason why prices are up.

[@joshfrench6426]

I went to Home Depot last night in a busy part of town at around 6:30pm. Spring is coming and stores are putting out plants and garden stuff which typically means things get crazy busy. A sales person stopped and asked if I needed help and then started to tell me that for the last two months the store has been practically a ghost town. While I was there I think I counted maybe 10 people in the store. On top of this construction and trades are flatlining. Conclusion: THIS IS THE BEST ECONOMY IS THE HISTORY OF THE US!!!!

[@wakeup555]

65yrs old. Everything you say makes lots of cents. Thank you

[@julioblanco]

Then you will have plenty of money!

[@YogiTheBearMan]

@@julioblanco😂

[@TheGravygun]

One Russet potato at the supermarket is $1.50 that is crazy. Thank you Joe Biden

[@shirtlesslager]

I put those down the back of my drawers. Nobody notices, of course.

[@beatrixbrennan1545]

I saw the same thing. 1 freaking potato was about 1.50. Insane.

[@Alex-jx5bx]

I have not had potatoes in few years and feel much better. 😊

[@taffyalusa4642]

Take the time to read some comments from other countries, same inflation is happening there, is Biden responsible for that, he must be a genius if that's the case?

[@VigilanteWilliamson]

​@@taffyalusa4642 He's not the only trash leader. Most governments are abusing the people right now

[@KillPill6233]

I know so many truckers/small trucking businesses getting killed. Can’t pay for maintenance, cant pay loans etc. it’s really bad. People giving vehicles back to finance companies. On the plus side, cheap used car sales are up for a buddy of mines. Just means cars getting repo’d so they need a cheap beater with a heater

[@junulock]

In response: I believe the issues of house foreclosures; vehicle repossession is the result of purchasing at overly inflated prices. People have put themselves in huge levels of debt through the use of credit. That and the fact credit lenders have approved bad loans. Now that the dollars purchasing power has been eroded the costs for everything, have increased; except wages have not kept pace. People have found themselves with increasing expenses they cannot keep up with. In the case of vehicles they bought them at highly inflated prices. They may have also rolled in their existing debt from the trade in vehicle into their new agreement. Then in a short period down the road the price of that vehicle (the money they could expect to get if they were or had to sell it wouldn’t cover what they owe in debt on it). The monthly payments on it are huge. The insurance cost on the vehicle is outrageous along with increased costs for house & health insurance on their plate. They are now living paycheck to paycheck. Stuck with a vehicle they can’t get out from under without a huge loss. Even if it’s repoed and goes to auction it will not recoup enough to cover the balance of the loan. So they get left without a vehicle and still a loan they have to make payments on to cover the remainder due.

[@malcolmlove4602]

“Sometimes people don't want to hear the truth because they don't want their illusions destroyed.” ~ Friedrich Nietzsche

[@TruckerLerone]

Don’t know why ppl were foolish enough to think rates were going to be cut in the first place. Better drop your house price soon ppl before you really have to sell it at a big loss.

[@SirCarlosMusicBMI]

🎉🎉🎉 Yup we are definitely in a recession and after that comes a depression 😢😢😢 Thank you Michael

[@pauldusa]

Florida is going down hard when the crash happens just like it fell hard in 2008

[@cmasters007]

So if we don't need Office Buildings and fewer people are going to restaurants. Why do we need city's ?

[@Msvivocat]

So you can clustered together and not own a car, not own a house, and you will own nothing and be happy.

[@douglasr74]

I visited Vienna Austria a few months ago and walked in a 5 Guys, was in shock when 2 double burger meals and a cheese sandwich totaled $72 usd. We walked out, ridiculous!

[@MrWphilips]

The living example of economic failure is right in front of virtually everyone who very little effort can see the horrific exponential increases in homelessness throughout our entire country! As long as hundreds of thousands cannot meet their basic needs, our societies economic health is in need of intensive care!

[@user-qy9tf2im7f]

1.6% growth 3.6% inflation = 2% decrease in GDP. Let's get real and calculate the economy correctly!!!!!!!!!!!!!!!!!!!!

[@christianroberts1167]

I own a trucking company and that small Business blurb, 100 percent correct.

[@stevelyons5895]

You are correct Michael. I watch your videos because I'm too lazy to do the research myself. Thanks buddy.

[@Hunter1Lane]

Governmental Gaslighting

[@Steve33056]

Elevated! I love the soft language they use to make the truth hurt less

[@fredk9999]

Worth repeating; employment numbers are good because of government jobs and part-time and migrants

[@billw8476]

Bidenomics.........watch for the mushroom cloud

[@coryturner9140]

People working two jobs has a lot to do with the numbers…

[@christinecortese9973]

Anyone with half a brain knows rate cuts are the death knell for affordable housing, vehicles and food. If anything they need to raise rates. With high rates we will all suffer but it gives us a chance, the ONLY chance, for affordability to return.

[@jedg4746]

Wrong way round. Housing was only affordable because mortgage interest rates were so low. Same for cars. Any big items.

[@xmaTKDmma]

@@jedg4746wrong. thats what caused prices to skyrocket.

[@christinecortese9973]

@@jedg4746 not after 2020. Affordability went down the toilet fast.

[@brn2863]

@jedg4746 I don't mean this rudely but I think you're missing her point. Price is more important than interest rate when you're talking about actual affordability and not just monthly payment amount.

[@emzywillrich7243]

Michael, eating out is a luxury now!

[@melli-yelli]

I thought it always was

[@keo6229]

We all spending our savings just to get by

[@golfkitchen4941]

It doesn’t matter if Democrats or Republicans it’s the same thing .

[@joebidet2050]

Or RINOS ....

[@syoung4471]

One of the financial people I watch said if we used the 80's version of inflation calculation it's 12%. He said the actual number with calculating everything is 23.96%. I think we all know we are being massively lied to. No one paying for bills or going to the store thinks the numbers they are telling us check out. As for homes, I'm starting to see some lower. There's some areas where those are being forced to come down. There are pockets where people could find something they could afford. Then the question of whether they want to live there or could find a job there comes into play.

[@kingscairn]

They stopped using ' ENERGY & FOOD ' in the calculation - 2 of THE MOST IMPORTANT VARIABLES

[@Ziegfried82]

Real inflation is way beyond 12%, that's being generous. The 80s version of measuring inflation was already extremely corrupt. The FED would need to raise rates well over 10% to fix inflation.

[@chapman1569]

I listen to a YT channel titled China Observer. I think it is made in Thailand. In China, the only way to accumulate wealth is to buy homes, well they are now in a recession and they are stuck with these homes, they have to lower the price and even then , they can't sell them. They can't make the mortgage payment because they lost their jobs.

[@SleepyNeo]

Got the wife a new MacBook at Best Buy and decided to get the CC just to keep my credit active …. 31.5% interest!!! We have the money so I will pay it off this week. Not sure how people are managing right now.

[@AlphaJ369]

That interest rate used to be reserved for loan sharks and drug dealers!

[@SuperRhondalynn]

I work for a big retail corporation that constantly hounds us to solicit customers for their credit card. It's rates are close to 34% now.

[@SleepyNeo]

@@SuperRhondalynnanother thing I have notice is Chase always offering me to pay off certain transactions in payment. I feel bad for people who are stuck in the credit game.

[@chickengod9184]

People need to stop complaining about people in power being corrupt, and get off their lazy asses and turn out to vote them out of office.

[@cherylT321]

It wouldn’t make any difference; they’re all corrupt, working for themselves, not the people!

[@zachlafond2652]

Imagine thinking voting matters.

[@chickengod9184]

@@zachlafond2652 that's definitely a millennial viewpoint.

[@Mikey196601]

Keeping it short, you’re say we’re screwed

[@michaelmorgan9009]

Thank Brandon for our current state of affairs

[@julioblanco]

😂😂😂 I love the comments from scared boomers in this channel!

[@dertythegrower]

​@@julioblancoI think the joke went over your head, just like it did to joe in the famous christmas brandon prank call

[@charlesp467]

Oh my bad. Having fun

[@jonmurphy776]

Ronald Regan doubled and then some (2.6X) the national debt! And those were the good old days! Haha, republicans are the worst tax and spenders! Numbers and history don’t lie.

[@dianamew]

This goes way beyond Branden. Every "elected" official is owned and are puppets. You'll have to do your own research on who the puppeteers are.

[@Dm0stFin3sT]

Never stop teaching us Michael!

[@julioblanco]

😂😂😂😂

[@yawzerdoink-a-sore-as8159]

Losing fast food places would not be a catastrophe, as long as the jobs are replaced in another industry

[@donjuan2509]

robots will take their place

[@MusicLover-ui9sm]

Look up how many people work in fast food restaurants And restaurants If they close Homelessness and suicide would be astronomical And crime would increase so rapidly. And mental illness would increase more than it already is.

[@solomongrundy1467]

The trucking industry has over 50,000 job openings. If the restaurant industry crashes, they can go there.

[@BeardedVeteran1776]

@@solomongrundy1467 problem is there are millions of restaurant workers in the US. In fact I believe they make a large portion of workers. 50k jobs wouldn't even come close. We are talking millions. Guess there's always gig work

[@user-qg4ns2cm6n]

You’re Amazing! Most can’t handle truth. Your videos are important.

[@christyavalos9201]

All this is happening in Australia too, its horrendous . Thanks for your wonderful videos. The scenery in uour neighbourhood is lovely by the way. Thanks from Australia.

[@davidcobb464]

One of the things I learned in business is " be nice to your, customer. Just don't be nice to them on price."

[@davidgoodman9642]

Most important lesson learned by the individual for thousands of years is “ we are all totally responsible for our selves, Not the government “

[@tacmason]

Thanks again Mike - for being a "Truth Teller" ! Also - for soaking up The Rays of the sun - in South Florida - so we don't have too !

[@julioblanco]

😂😂😂😂

[@user-st3ow3rk6f]

You are 100% correct thanks Micheal

[@k.c.marshall921]

"Michael"

[@betsyr4724]

He really is

[@MichaelBordenaro]

You're very welcome

[@williamrice4608]

Welcome to Bidenomics.

[@gordonpotts753]

R home owners insurance went from $663/yr to $2800/year. That's 420% !! Commyfornia.

[@genegarrard7839]

Keep Spreading The Truth Michael !.......We Do Not Hear That On Main Street Media.....You Are On To Something !

[@texasangel517]

My husband watches your videos and now I watch and I find very eye opening and interesting

[@Nyx_88888]

it seems to be getting a little worse each month, I was balling but now im scared I won't be able to pay my bills,

[@adolfdyversiti6517]

Welfare and warfare are expensive. $halom.

[@Ziegfried82]

Ahhhh you noticed. SHAME ON YOU! LOL!!

[@John1908-vo1iv]

My home insurance went up 95% in St. Louis area, no claims ever. I wish it was 20%. 20% increase was in 2023, but 2024 renewal was almost 100%, roof still has 20 years life left. Was able to bring it down, but not by much. Major insurance companies stated house is too old. Go figure, 3 years ago they had no problem insuring me. Most St. Louis homes are old, but are better built than the newer crap.

[@jimb3093]

Probably staycations this year for many families. Cutting out the family trips or keeping them short.

[@catherinerose1607]

More like nocations.

[@shirtlesslager]

One would think so. Everybody I know has already bought tickets to global destinations, cruises, beach houses, etc. I can't do that, and frankly don't care to, but I reject the notion that people are cutting vacation spending. They are not.

[@stephaniet9264]

@@shirtlesslager I agree and going deeper into debt. We'll stay on our property in the woods and occasionally go to the beach. That will be summer vacation. It's fine with me. We need to prepare and save money for the coming catastrophic oil prices this winter.

[@cherylT321]

@@shirtlesslagerAgreed! People on my job constantly complain about having no money yet a lot of them booked expensive vacations for themselves and their families during Spring break!

[@shirtlesslager]

@@cherylT321 I think I run with a very wealthy crowd. Everybody is living very, very well. One of many reasons I think this "cancelled vacation" stuff is claptrap.