They Want YOU IN DEBT FOREVER!

As much as we would all love to see prices and goods and services go back to pre-pandemic levels that is very likely to never happen and it's because our government and the federal reserves are on a hard mission to make sure it never does. Because that would be called deflation which goes directly against their goal of having 2% inflation. Another words they want prices to continue going up forever and never go down. Once you realize that it gives the economy a whole new perspective.
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/AajCeu4VSR9-_yWXqI...
apple.news/AEYWkdWmsRyu7JJgYj...
#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! :)
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]

WE'RE NOT PAYING REAL ESTATE AGENTS ANYMORE! kzbin.info/www/bejne/epyqmGyQiqiJndU

[@thetruthalwaysscary]

Next time if you mention a home with homestead...6:30 dont forget to say that the taxes of that $11,500 will go in the ballpark of $70,000...and that is just the tax yearly...

[@AnotherFaze4U]

Inflation is accumulative. Add last yrs to this year. Of course the true number is I believe between 60 and 100+ percent. Gas is 80% higher than when Trump was president. My butter is 60% more, My OJ was 3.29 a gallon and is now 7.29. That's more than 100%. And remember the Big scam on inflation of all, ENERGY is NO longer equated in the factor of inflation... Are government is the biggest fraud ever portrayed upon us the people.

[@davidkess2405]

consulting.. consulting.. and comedy... No way that you looking at thousands of homes can not help someone looking for their 1st

[@gregorysagegreene]

So I wrote a thesis, Michael, after listening to your first three minutes, and then listened to the rest of what you said. Turns out you have a similar idea, and are a pretty smart guy with this concept.

[@linmal2242]

Your suburbs look like AUS except the houses are bigger,marginally.

[@Greggsberdard]

Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.

[@VictorBiggerstaff]

It has never been simpler to grasp how to expand your wealth than it is right now, thanks to the availability of competent portfolio advisors that can help you experience and learn about a market with a wide range of assets. I think it's impossible to predict how changing dollar values will affect assets.

[@grego6278]

If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.

[@lolitashaniel2342]

Where may one locate an experienced FA? I like the notion of employing their services, but it's terrible that recent stock market tragedies have started to happen more frequently.

[@grego6278]

Sonya lee Mitchell is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@crystalcassandra5597]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@tatianastarcic]

The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...

[@Michaelparker12]

They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.

[@BridgetMiller-]

Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.

[@nicolasbenson009]

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.

[@berniceburgos-]

impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now

[@nicolasbenson009]

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.

[@FennaVa]

The current economy is unnecessarily tougher for senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

[@CharlesSlowey]

Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.

[@marcellasilva4015]

Yes, gold is a great investment and a good bet against the devaluating dollar and personally I have been holding some for awhile now, I’m grateful I have good information from my investment adviser, who knows how much losses I would’ve had by now in this current market

[@oliverdavis-tw2xl]

wow that’s stirring! Do you mind connecting me to your advisor please.

[@marcellasilva4015]

Amber Angelyn O’ Malley is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@oliverdavis-tw2xl]

Thanks, I just googled Amber Angelyn O’ Malley and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@Jeannified]

Credit card debt is crippling! When you are rid of it, you truly feel free!

[@debbiec6216]

Amen !! debt free and no cc. why make CEO richer , they live above their means . No jealousy at all , No sugar coating anything.

[@sues3218]

Even freer is when you have no car payments. (I have three used cars I paid cash for) I learned my lesson the hard way in the last Great Recession. I prepared for a rainy day this time. I am debt free and have money saved, it makes weathering the storms a whole lot easier. So does knowing how to fix your house and cars yourself. We even know how to build our own furniture, it was worth investing in the tools. Building log furniture yourself is wayyyyyyyyyyy cheaper than buying it from someone else. The people in debt up to their eyeballs aren't going to fare well through this insanity.

[@malachi-]

Yes, if you are reading this and are younger, just remember, credit cards are way worse than they even seem, once they get their hooks in and start sucking, they will only make you weaker and weaker as time goes on.

[@robertcovino4889]

My family has been extremely frugal over the past few years. We went out to dinner for Easter. It was the first time we have been out to eat in probably six months. After seeing the bill my wife and I just laughed. We have five kids so the bill was expensive. We won’t go out to eat aging for many many many months 😂 good luck and have a great evening everyone 🍻

[@John-ou4rm]

Was it like $250?

[@mowtivatedmechanic1172]

@@John-ou4rmahhhh not OP but….$250?!?! 😂😂😂 Need to go further north brother. My chick and I go out (no drinks) and it’s close to $100.

[@charlies3502]

I'm living in Mexico but I would like to move back to Florida (or maybe Louisiana). I have zero debt and mid 7 figure worth in T-Bills. I keep seeing all these KZbin people talking about inflation in the US. We have some inflation here in Mexico also (particularly in real estate), but my total expenses (inc. renting 5 bedroom house for myself and 3 cats) are around $30K. The guy cutting my hair this weekend has family in the LA area. He was laughing that they recently paid $30 US/person for breakfast !

[@BREEZYM6015]

​@@John-ou4rmIt depends on where they went and what everyone ordered. $250 isn't an unrealistic amount to pay.

[@turokforever007]

I get a takeaway now and again for 3 people. I was going to reorder what I got a couple of months before. It was around 40% more

[@michaelmccotter4293]

The fact is, the 100 year period between 1800 and 1900 America saw the cost of living consistently drop while wealth exploded. After the Bankster's conspired in 1911 to ram the Federal Reserve Act and the IRS Act down our throats, we have seen steady and now uncontrollable debt and inflation. Before 1913 we had Schools, Colleges, Fire Services, Police Services, and a Military. All without an Unconstitutional Income tax.

[@koolkitties8552]

Our forefathers never wanted a central bank they knew what would happen

[@HarrisonCountyStudio]

@@koolkitties8552they also wrote down the remedy to cure such problems

[@aaronburdon221]

​@koolkitties8552 "banking establishments are more dangerous than standing armies" -Thomas Jefferson

[@marcusmoonstein242]

Same in Britain during the industrial revolution. The currency was pegged to silver so the government couldn't just print more money. As a result the prices of everything from cloth to bread dropped significantly as production became more efficient. It was the longest period of sustained deflation in economic history. Yet at the same time wages went up as workers became more valuable and the economy boomed.

[@ForgottenKnight1]

It's amazing how you got all these without having your skin striped of your back. Wonder why we don't have these today ? I also wonder if money is the real problem here, and if there aren't other interests at stake ? One can only wonder :)

[@kevinschneider5974]

When prices go up 50% in 3 years and they say any deflation is bad, it shows they are just evil to the core

[@JoeGator23]

It's all relative, the only solution in many markets is to raise prices or shrinkflate products and cut the fixed costs... but there is no way out of the spiral and only the big guys survive. Essentially it is a waiting game for them to inherit the market. It's an oligopoly- and they are the vultures. Nothing new under the Sun.

[@estuardo2985]

Overall deflation can be bad not just on a consumer level (which would be really bad on an employment level) but on investment level. Why would I invest money into anything if I can just sit on cash? Why would banks give out interest rates on saving's and CD's if that same money would be worth more down the road? Now that isn't to say deflation in certain sectors wouldn't help (food, energy, housing, transportation, etc. but that would be more of an adjustment than overall monetary deflation) A little inflation over time (obviously not what we have seen over the last few years) that hits the sweet spot just right is good for the economy as it doesn't discourage consumption but also for investors as no investment is REALLY bad for the economy.

[@jimshoe402]

LEFT they are !!!!!!!!!!!!!!!!!

[@user-is6wb9xn8o]

Looking at Joe’s proposed $8 Trillion budget for FY25, there will be huge tax increases on workers at all levels. His inflation has already been destroying the middle-class.

[@HarrisonCountyStudio]

@@estuardo2985 the inflation we are experiencing is a fiat currency phenomenon. If we had honest money (like we did from the 1800’s until 1912) the population would be experiencing an ever greater amount of wealth. There is no sweet spot for your currency to loose value. 2-5% just seems to be the most people will accept and not riot

[@makeyourlifeeasier5794]

My Italian immigrant Grandparents never owned a credit card & sacrificed & saved to buy their properties for cash. Never believed in any debt!! Came here with nothing and passed away very well off. Debt destroys lives. Keep preaching truth Michael!!

[@globalfamily8172]

What is well off? Is it 200k, 500k, or 2 million?

[@makeyourlifeeasier5794]

@@globalfamily8172 Depends on when. They died in 1979 when the US dollar was actually worth something. It could buy much, much more than today. Even then he was worth about 400 to 500k with oceanfront retail property in NJ that is worth millions today if the family had kept it!!

[@bigb6046]

I had a boss when I first got out of college and he told me when he was a young man he didn't even know he could carry a balance on a credit card , he thought it had to be paid in full every month , his ignorance probably worked in his favor. Now I actually know people that don't make that much that have 50-60,000.00 on their credit cards, can never be paid off, kind of like our national debt.

[@sues3218]

Who has the salary to save to pay cash for these outrageous home prices. You could in the past, but not today.

[@makeyourlifeeasier5794]

@@sues3218 I undetstand, but the main point is that everyone can be more frugal, save money, & especially stay out of any debt aside from housing!! No consumer debt!!

[@bobcostner2238]

salesman once told me. The easiest person to sell something to is a person with no money....

[@zuzanazuscinova5209]

Haha

[@turokforever007]

That is very true i use to be that person.

[@mr.elastomeric1787]

So true.

[@SunofYork]

Or a woman with a rich dad

[@debbiec6216]

No money or not , that will NOT work for me. He's talking out of his Ace SS.

[@stumac869]

Money doesn't buy happiness, it buys your freedom.

[@thedavid7241]

Hence why the rich can do whatever they want while you a peasant live off the scraps , and you can't do a thing about it. But keep paying for your "freedom".

[@afridgetoofar1818]

It buys peace of mind

[@MKBENTOT]

And freedom = happiness…… sooooo

[@_Tony.Montana]

If money buys you freedom, that will make you happy and rich.

[@neilmcdougall4927]

Getting it will cost you

[@eloquentsarcasm]

Everything I buy, I ask myself if I NEED it or not. If it's a need and not a want, I budget, pay for it in one lump sum, and carry on. If it's a want, I wait a month and if I still want that item, THEN I budget and again pay for it all at once. 53, zero debt except for rent and utilities, I hike 2 miles each way to/from work every day so no insurance/gas/ car payments. My biggest "luxury" expenses are boots every few years, I buy high end, quality boots that last years and bushcraft gear that will probably outlive me. Never had and never will have a credit card. Seeing the massive debt my ex wife got herself into by being one of the mindless sheep purchasing anything and everything that caught her eye wised me up to the scam of credit cards.

[@mowtivatedmechanic1172]

I’m similiar to you except the credit card thing. I only buy what I’d normally buy anyways. Gas food etc

[@Old_Geezer]

I learned my lesson with credit cards when I was young and stupid. It took me a while to pay off the debt. Once I had done so, I never went down that road again. I keep one in my wallet and it is strictly for emergencies and very rarely used. When it is, I pay it off at the end of the month before any interest accrues. It's better to dip into savings if I get an unexpected large bill than it is to pay their extortionate rates. I also keep it because should I ever need to rent a vehicle, it's now impossible to do so without one - even if you don't intend to pay with it. I would always settle the bill with my own money when I return a rental.

[@DIVISIONINCISION]

@@Old_Geezer Young Geezer, if you don't trust your impulses, you are doing it right. However, setting all your cards to Auto-pay Statement Balance, you'll accrue cash back and bonus points, which in turn you can use for giftcards and statement credits. They pay you to use their cards.

[@BruceLee-xn3nn]

And if you go to some yard sales and see what some of these women have bought with their money. It's nothing but a load of junk, even in more expensive neighborhoods.

[@wildbikerbill6530]

Merchants want you to have a credit card. They know on average people spend ~15% more when they are freed from the restraint of how much cash is in their wallet.

[@JohnDaniels]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

[@shanejones578]

It’s already happened to me, they just pretend everything is fine still and this is normal…

[@JohnDaniels]

@@shanejones578 Yep, me too 😡

[@knoahbody69]

I can't find any evidence he said that.

[@JohnDaniels]

@@knoahbody69 Don't spin your wheels too hard, just try to understand the message 👍🏻

[@MichaelBrown-ny3et]

“You’ll own nothing and like it”. 2030

[@Ofelas1]

Deflation would be the end of the banking system, 80% of credit is real estate, worldwide 500 trillion, they cannot let prices drop, or all banks are insolvent. Deflation will most definitely trigger a derivative collapse, and then the Great Taking. Inflation, in fact hyperinflation is what is coming.

[@onemishelle]

PPL already own nothing, except for debt.

[@jaytaykowski]

Yeah, I'm not down with that. Eat the rich!

[@user-pe2cm3gq5d]

Right. What was once a country of production has become a country of consumption.

[@zuzanazuscinova5209]

You hit the nail in the head with your comments about schools not actually teaching financial literacy being on purpose. I completely agree, of course they won't teach you any actual skills.

[@HarrisonCountyStudio]

Public schools are meant to create workers, not critical thinkers.

[@markw.8455]

California is instituting financial education in high schools now. Perhaps other states will too.

[@reubenmorris487]

Schools don't teach you anything useful: changing a tire, checking your oil or transmission fluid level, change light bulb, booking trips and vacations, opening bank accounts, I=PRT...blah blah blah...

[@cjhoward409]

How about the parents teach it to their kids ? I did get a semester in high school but in jr high my mom sat me down and she showed me how she writes out the bills and budgeting and my dad talked about saving etc etc. It’s the parent’s responsibility to teach their children those things. School should be teaching reading, writing, math… things like that

[@onemishelle]

@@cjhoward409 exactly! Next ppl would be saying schools need to teach personal responsibility.

[@agentcrypto7741]

Normalize deflation and let those corporations and people that over leveraged themselves go broke.

[@xro1983]

I’m gonna date my hand

[@morriganfey6079]

They won't let them-- the government and corporations are practically having incest at this point. Free market? What's that?

[@hannw7]

@5:49 I’m working full time with a 60% pay-cut. I live in one of the most expensive cities in the nation. I might lose my home. It’s terrifying. Nothing is good right now.

[@debbiec6216]

Go chapter 7 and save your home . It doesn't take much to talk to a lawyer aka free . That's if it comes to this .

[@daighnugent4976]

Stay motivated you can do this brother

[@jeaninepereira3446]

I see you pulling out of this very successfully. Think that you already have abundance and it will come to you. It's the Law of Attraction. Like attracts like.

[@lindacurtis3513]

The Fed and Government aren't living in same world we the PEOPLE ARE !!!

[@LunaticKD1991]

No they are. They're just living in mansions and getting rich off your hard earned tax dollars. And instead of actually helping the American people who are suffering right now they're sending that money overseas to fund every other country's wars or to house or give free stuff to illegal immigrants.

[@KellyBoettcher-qo9tx]

Vote

[@michaelsnively3621]

The fed and all levels of government are people...nameless, faceless, protected people that have regular cost of living increases and pensions, in this time of high inflation.

[@lisapolanski9379]

In California they just passed something that requires teaching financial responsibility in public school (for real, not April Fool's.) I just signed a petition to overturn the law that allows people to shoplift and get away with it.

[@chrisweidner4768]

Hope springs eternal. All the best.

[@ColdPotato]

Holy moley.... CA finally does something right.

[@hvaball150]

I can't tell if you are saying this with a straight face 😂. How can the public school system employees even know what financial responsibility is ... Step 1, make everyone pay for your salary.... regardless of product usage...

[@swlc5555]

The financial responsibility they'll likely be teaching is how to make sure you correctly pay your taxes, how to properly access welfare, and how to properly make a political donation to those currently in power.

[@keyisersoze]

Growth is an oxymoron because a modest annual percentage increase leads to exponential growth; therefore, human overpopulation is "The Greatest Challenge" facing humanity, not deflation, inflation, or financial responsabilities.

[@chrisweidner4768]

The government needs to end family home purchase by hedge funds/foreign business interests etc. It is inflating the prices beyond what a large swath of Americans can afford.

[@well-blazeredman6187]

And by foreign nationals.

[@murrayterry834]

demand this in your politicians town hall meetings, disrupt if neccesary but make your point. others see it to but need a voice.

[@muddyriverdogz]

Exactly what the Government wants as it collects higher tax's.

[@diedonner299]

They will never touch the real estate market and bite the hand that feeds them. The only regulation they’ve been able to accomplish in 50 years is the lead paint BS that is practically irrelevant now.

[@corinagata9136]

It’s going as planned! Great reason to introduce UBI

[@gilwhitmore9682]

Insurance cost are another large factor. If you have a loan you are required to have maximum insurance coverage, regardless of the cost.

[@mdjones905]

That bs law needs to change or price reductions.

[@commonsense6967]

That's why the borrower is slave to the lender.

[@cjhoward409]

@@commonsense6967 The rich rule over the poor and the borrower is slave to the lender. I have that written down in my home office. 👍🏻😮

[@itzmarko1564]

I believe you said it perfectly Michael. We have become a consumer economy as opposed to a producer! It really put us in a very vulnerable and unstable situation.

[@shirtlesslager]

People in the U.S. will never stop spending. That is how I knew the S&P would roar last year, the unabashed and euphoric consumer spending. And travel.

[@ByDesign333]

As a sort of indirect effect; this tanking economy/marketplace was made in a lab. 🤫 Debt-based economy is doomsday economy; plain & simple. Buy now; be a slave later. 🙄

[@shirtlesslager]

@@ByDesign333 And it never stops. The US is about live now, for tomorrow we may die.

[@SomeUserNameBlahBlah]

A fool and their money are easily departed. And America has no shortage of fools.

[@shirtlesslager]

@@SomeUserNameBlahBlah Whilst they are spending, their retirement accounts go up. One imagines another big correction is about to happen.

[@BrianK-zz4fk]

you mean the 10 corps holding up the market?

[@turokforever007]

Many people get tricked with the it's only $10 a week or only $50 a month it all adds up.

[@chularn1]

Oh yes. I was subscribed to Netflix, Hulu, Max on top of my cable bill. Ridiculous!! It’s like everyone has their hands out and you’ve got your be careful.

[@Defundthemasons]

@@chularn1 They want your eyeballs, your time, Your Data that they mine, that they sell - that's why they push hard the advertising to get y'all to make monthly payments to them. Many fall for it when they're young but eventually it'll catch up to you - the older you are the wiser you do become 🙂

[@debbiec6216]

@@chularn1 that's alot of subscribing to channels cost $$$$. One is enough! We have no cable and spouse has one channel of Hulu , plenty . Why make these Corporations and CEO's Richer ? There was a list of CEO's throughout USA who made the most money . One CEO made the most at $300 Million Dollars Per Year $$$$$$$. No CEO needs to make $300 Million Dollars.

[@globalfamily8172]

Not getting your point. Are you saying $10 a week seems less expensive? I did it with a sofa because it allowed me to not withdraw money. We have multiple investment accounts and I prefer the interest free. We set it up by dividing the amount by the time period and make sure it's paid off by the end date. The other option is to pay capital gains on my stocks. I don't use a savings.

[@RRSWarriors]

Just like the psychology of the dollar menu back in the day

[@alphaomega1351]

Most people DON'T own houses. They own a MORTGAGE. The bank 🏦 simply becomes the landlord. 😳

[@TheSuperdodgy]

40% of Americans own their own home outright. In China it's 90%.

[@manflynil9751]

That's right.

[@debbiec6216]

you are right , but not for us . debt free , no mortgage for 15 years ago. This was my plan at the good ole age of 17 years old . This is when I starting thinking of everything , plan 5 - 10 years, 10 yrs - 20years etc . Invest , savings, etcc. Overwhelming task . And make sure to pay my home off at the good ole age of 50 years old. And plus with Solid advice from family.

[@manflynil9751]

@@debbiec6216 good on you. You formed a plan, committed to it with some self discipline and there you are. 🍀 Most of us are lucky enough to create our own luck.

[@curtis5799]

I'm looking to be mortgage free in 5 years. Better late than never!

[@KoDeMondo]

You don't need an Oxford degree to understand that if you mindlessly give away money for ten years, encouraging people to go into debt, and then suddenly do the exact opposite, the country will go into disarray.

[@marcschneider2052]

It’s been closer to 30 years

[@thomburleson7661]

True, but it’s economic geniuses with fancy degrees (Oxford, Harvard etc.) who have influenced the insanity that exists today. Live within your means and you’ll solve some of the issues facing people.

[@KoDeMondo]

@@marcschneider2052 indeed a bit more than that 😂

[@MCC876]

Yes, we need deflation, and we have to it ourselves. 1. Study financial literacy. There is plenty of help online. 2. Spend less. 3. Pay off debt. 4. Save money. 5. Invest money. 6. And again, spend less.

[@RedEyeification]

What money ?

[@Lennonrx8]

7. Get a job rather than getting a education loan.

[@pablo81778]

Never understood that 2% mandate on inflation. That's 24% a decade. How is that acceptable for anyone, especially the middle class?

[@pablo81778]

Should clarify that it would be higher than 24% since it would compound

[@afrules9097]

They just took the 2% number, because it looks quite low and for some reason accepted by the public.

[@bobshimits]

2% is a stable mark, but above that congress can juice the GDP and hide the expenses. See the Money supply.

[@zuzanazuscinova5209]

I think 2% is supposed to follow annual population increase

[@lycanwarrior2137]

And that's if you believe the "official" inflation numbers. The real inflation numbers is likely much higher than this.

[@144Donn]

I am becoming a bigger fan each and every day! YES! I have been saying this about sports and the absolutely INSANE prices of tickets. Stop going and prices will come back down to our stratosphere. I guess soon you will be de-platformed because you are speaking SO MUCH SENSE!

[@BrianK-zz4fk]

sports isnt for the fans anymore all the tickets are bought by corps to network now a days. wont work as the corps own the government. We need a reset and needs to hurt but always will be kick the can down the line and continue to build the house of cards.

[@user-mt6hx5zn7y]

It's gotten to the point where only the rich can go to any events. The last concert we went to was outside sitting on the lawn. Four tickets cost $1200. I'm done

[@p.granger8824]

Look how the schools spend money on their teams. Louisville just fired their basketball coach. That guy gets another 2 million for doing nothing. lol. Stop giving them the ticket money and reality arrives.

[@mxm34714]

Michael, ww2 ended and all of Europe and Japan was bombed out and sanctioned, with no manufacturing . USA was the only ball game in town so we manufactured everything and got paid. That’s not the case now.

[@supasuprodchinda1350]

That was like 70 fucking years ago.

[@daighnugent4976]

@@supasuprodchinda1350do go on?

[@roadwarrior528]

We can all thank Bill Clinton for NAFTA. And the genius Democrats that voted for him.

[@HarrisonCountyStudio]

@@supasuprodchinda1350 better learn history…

[@time2eat850]

Make it RAIN 🤑 Flip Flip pa roo 😂😂😂 The only thing that the USA produces right now is influencers 😅

[@Resmith18SR]

And some Only Fans models making millions of dollars.

[@nunya2954]

Well, they did send all the factories out of the United States, and not everyone is or should be in the health care industry

[@time2eat850]

@nunya2954 trust me. I'm a healthcare worker for 10 yrs. It's not fun. Especially during COVID 19. During that time everyone calls you a Hero but then dementia hits people then starts treating you back as a TRASH. From hero to PEASANT 😆 🤣 😂

[@Austongold]

I'm waiting for the price of Florida homes to crash enough so that I can afford the property taxes 🙃

[@BeardedVeteran1776]

It will happen . Every market will crash. It's inevitable

[@CaptainBlankENT]

Deflation is the natural state of a healthy economy. Competition and innovation creates lower prices, resulting in the value of our dollars increasing in value. The fact that they've convinced so many that ANY inflation is necessary, is sickening.

[@MOFOSGTFO]

That’s completely wrong. In a fiat Monterey policy when GDP grows so does inflation. It’s part of a healthy natural cycle. When inflation goes down not caused by any monitory tightening that signals a bad economic sentiment because when people spend less money it means a weakening economy and inflation goes down. During high inflationary periods the fed tries to tighten the monetary system without crashing the economy.

[@TheTurdballs420]

Nobody can afford anything anymore because the rent is too damn high!

[@AverageJoeDividends]

The cost of everything is way too high.

[@spaceindian3769]

I hope you're not surprised We've been warned for decades😮

[@itzmarko1564]

​@@spaceindian3769NAFTA & GATT. I remember when Ross Pero warned us back in the 90"s with his half hour TV segment he made!!

[@Viperauora]

Don't rent.

[@Resmith18SR]

​@@ViperauoraDon't buy, don't rent. So then what? Homeless.

[@jamesdavis9931]

I own a plumbing, heating and cooling company. It’s crazy, I went to Lowe’s yesterday to buy some plumbing fittings and parts that used to be 4 dollars are now $14. There’s no way that housing prices are going to come down with the cost of goods to build ..inflation is ridiculous !! I see prices of homes going straight up..

[@sues3218]

Lumber prices are way down, so I guess it depends on what you are buying there.

[@rokyericksonroks]

For the 114th time, interest rates need to rise. It’s just not sinking in for folks yet, is it?

[@strangermaniacos686]

It's called a bubble !!

[@BeardedVeteran1776]

Housing market will crash regardless of how expensive plumbing electrical etc are

[@rudyzooti7159]

Corporate greed and government incompetence…

[@soniabayer578]

100 per cent!

[@jwill540]

Greedy consumers also.

[@fern8580]

Schools, Colleges, Fire Services, Police Services, and a Military are the looters

[@russellseilhamer4552]

There was actual deflation in the 90s. Gasoline adjusted for inflation was cheaper than it was in the 50s. Gas was between 89 cents and people freaked out when it went up to 1.09. Everything was way more affordable and a Taco Bell Taco was 49 cents or 59 cents. You could eat like a king for $10. Everything at Walmart was very cheap back then, they were taking over the planet with their low prices. It’s hardly the same bargain. We were flooded with cheap goods from China, there was actual downward pressure on prices and wages were stagnant but in real terms our $$$ was going further. The Fed back in the 90s was seriously worried about deflation and trying to find ways to inflate prices without much success. That dynamic changed after 9/11 and the housing bubble

[@operasinger2126]

Michael, repeating "pay off bills, stop over spending, and save" is always a winner. That advice will never got old.

[@jorlouski]

100% spot on Michael!! The best way to combat inflation is for consumers to reject the inflated prices. Too many people felt they were entitled to spend after the pandemic, resulting in record credit card debt, record early withdrawals from IRA's and 401k's and increased borrowing from their homes.

[@swaky5138]

In my 20s, (early 2000s) I ran up a bunch of CC debt on things I didn't need, being young and dumb. When the recession hit, and home prices started to tank, I figured it might be a good time to buy a house, especially with the Obama tax credit. In Feb 2010 I closed on my house, used the tax credit to furnish it AND pay off all my CC debt. Fast forward 12 years, I have my house paid off and have ZERO debt. It is quite liberating and I feel fortunate and lucky to have had everything play out the way it did. I learned early about crippling CC debt and managed to claw my way out and changed my life accordingly. I feel sorry for young people looking to carve out a good life for themselves in the current economic climate. The 2008 recession may have been the last chance for anyone to get their feet under themselves, and it seems there's little hope for newer generations. We need another 2008 type of reality check.

[@vinnyboomba9948]

We were booming after the Great depression because of war time manufacturing and post-war manufacturing and innovation. We no longer make anything, and like you said, today banks are holding bad assets, and the increase in rates on business loans and commercial real-estate debt. And if banks cut off credit lines then you will see the economy crash and burn.

[@Laney_75]

And look at the historical reform. Tax rates of the most wealthy. Actual investment into the middle class. Trust busting of monopoly families. We have the full opposite currently.

[@pinschrunner]

The banks have already cut off credit cards, cut back lines of credit, and reduced available to buy on many people's credit cards

[@user-lh5re8jh7u]

They also confiscated gold and reset the value higher to the dollar. Always a game going on.

[@strangeraver6043]

Only Fans Content is now America's largest output production

[@fern8580]

Schools, Colleges, Fire Services, Police Services, and a Military are the news looters

[@paulbunyon6324]

Deflation is a reduction in the supply of money/credit. This is kryptonite to a debt driven economy.

[@HarrisonCountyStudio]

The alternative is a continuation of the debasement of the fiat currency. The U.S. currency is in its last throes. The federal reserve can’t lower rates (the dollar will be destroyed) and they can’t increase rates as it will destroy the economy. This is the life of a fiat currency.

[@mrs.h.e.penneypacker3446]

Well said. I have zero debt and have severely pulled back on spending. I have everything I need and refuse to contribute to this dangerous economy.

[@jonathanjacques7250]

Thankful for no debt in retirement. My fear is property tax& ins.

[@omanyquestions5135]

Good topic. Just wanna add that corporate profits are still at all-time highs since the pandemic, which doesn't get much coverage for some reason 🙄. That's at least half of inflation. There is no more supply shock... they're bleeding us dry because they can. But we can only downgrade & cut back so much. The rich are getting richer, but at what cost to the rest of us? Same story all throughout history... our current path can't sustain for much longer.

[@beloved-child]

6 corporations own 90% of TV news media. That is why

[@user-nd2jq6cs6y]

Corporate narrative will never mention stagnant wages, record profits during inflation, having a global monopoly among a few billionaires, etc.

[@user-nd2jq6cs6y]

See? They deleted the other guys comment saying same thing I said.

[@RM-lv9ng]

Print more money, you have inflation. That is our fiscal policy.

[@MM-kk8uh]

Remember when spending money was cool 💀

[@msingleton]

My grandma’s family was able to survive for 4 years without employment a century ago. Why? They lived debt free on a farm and were self sufficient. How many Americans could survive today without employment for 4 years? The consumption economy is the real problem long term. Not only does it make society slaves to debt, it’s incredibly wasteful. Americans are constantly buying and throwing away things to keep the greed machine going.

[@debbiec6216]

you are 100% right . I know many families who lives on the farm and their crops brings in $$$$$$ and they are always generating business to make more money . They aren't sitting around , that's for sure !!!

[@reubenmorris487]

Even your multi-millionaire saviors couldn't survive for 4 years without income/employment...

[@victoranosike2621]

Unemployed for 4 years? More like 1 month..

[@victoranosike2621]

@@reubenmorris487I was shocked when he said 4 years

[@EmilyGloeggler7984]

You do realize that many self sufficient farms have gone under for decades and many ended up either realizing the farm rat race was not for them or they dealt with many issues on the farm that eventually killed the business. Just because your farm was successful, doesn’t mean all who did the same as your grandma’s family were successful.

[@schahrzadmorgan]

The last Fed Chairman who took on inflation is Paul Volcker who served in the 1980s. Mortgage rates were 17% I believe. It also encouraged savings!

[@wildbikerbill6530]

Government debt was a lot less than, so he could do that. Now, the added interest expense would shatter The Federal Budget.

[@RickyG1953]

The 30 year mortgage rate was 16% when my wife and I bought our one and only house in 1981. Refinanced several years later at 10% for 15 years and paid it off in 11 years. Never had the itch to pay more and longer with a new mortgage.

[@murrayterry834]

many working in the energy industry in the 80s suffered by his policy farmers went broke in the west and the south. it did create tougher people but many lost homes. looking back people grew stronger, smarter that survived. was some

[@samsingh8151]

Lets make Thursdays a day of the week when nobody buys anything! ...

[@debbiec6216]

*What about Mondays, Tuesdays, Wednesdays, Fridays, Saturdays and Sundays too* ?

[@samsingh8151]

@@debbiec6216 Thanks! Sky is the limit ! But getting started with one day is the key, imho.

[@samsingh8151]

@@debbiec6216 Thanks! You got my point! We are on the same page.

[@p.granger8824]

I buy next to nothing. don’t make tons of money but still put back around $1000 per month. I now have over $60,000 in my accounts and may buy another house, mine is paid off in three months. Michael is right. Don’t be stupid.

[@johngalt5205]

Because of all these new ATM scanners we are going to cash only. It's amazing how different it feels to buy something with filthy pieces of paper with dead presidents on them vs a nice, clean plastic rectangle.

[@shirtlesslager]

That doesn't make sense. Control your impulses, and it doesn't matter. I pay my credit card balance monthly, and my CC bank pays ME three percent of spend to do so. Easy.

[@Alex-jx5bx]

Have not seen paper money in years, did not knew paper money still out there 😊

[@johngalt5205]

@@shirtlesslager Try paying with cash and get back to me. We have no CC debt. Our house is nearly paid off. We have loads in our investments. Our cars are paid off. We watch our spending like a hawk. We still spend the same amount, but watching real (fiat) money going out of my wallet has a dramatically different emotional impact than just handing over a CC. Also, with cash our Owners don't know as much about what you are doing.

[@HarrisonCountyStudio]

@@johngalt5205 I agree. I have credit cards, but mostly spend cash. Spending cash feels like you are paying for something… compared to swiping a plastic card and pushing a button. To easy, to comfortable,

[@Defundthemasons]

@@johngalt5205 Indeedy!

[@chrisbaker2669]

Deflation can only happen on the gold standard because when you have a fiat currency they can just turn on the printers and add more money to the economy. The government does not want deflation because they are $34 trillion in debt and inflation wipes out the value of debt.

[@zion9860]

A lot of people live beyond their means and they complain about inflation? Personal spending needs to be dealt with first.

[@blackworldtraveler3711]

Yeah I have always lived within means. Remained debt free with low household living expenses. What I spend is just what I spend and no extra expenses created by me. Can't complain. I'm actually retired and still saving around $40k/yr..

[@zion9860]

@@blackworldtraveler3711 if there's a will, there's a way. People need to stop spending themselves into debt. Then blame the government for their fault??

[@Viperauora]

They need to be more careful with their spending habits.

[@survivingthetimes]

lol. Yeah. They hate corporations and the idea of the rich getting richer, so what do they do? Spend every disposable dime that they have on trinkets, streaming services, flagship phones, Nikes, etc., - which makes them richer. Corporations are making record profits while they're buying ramen soups on credit, yet they still can't figure out why that is so.

[@thomasdowneyjr.4162]

very true people need spending classes

[@brianlewandowski7610]

Big screen TVs have been deflating for twenty years.

[@georgeloring7248]

When you work and earn money, then open a bank account, you will get a debit card. When I was in my 20s, banks would and could send you a credit card. Now, you must apply even if you are pre-approved. For lunch today, I wanted a burger and stopped at Burger Restaurant. There was no one taking orders, only an automated machine. I would have normally paid cash, but it was not possible. A burger, fries, and drink with 1 extra topping cost $18.69 without tip. While to me, the cost was high, its cost did not impact my lifestyle. You bought a 5th guitar because you wanted it, not needed it. People who are poor understand the difference between need and want. When want determines our needs, you will get in debt. Only a change in mindset will solve your debt problem.

[@HarrisonCountyStudio]

Guitars 🎸 can be a hedge against inflation. 😂

[@havegunwilltravel6398]

Michael, I love your home-spun manner and how you can present the truth to an "average" person who doesn't grasp what's really going on. Even the semi-clueless are now starting to understand they live in a world of fraud.

[@whitneysmith5446]

This is random, but I just want to say that cleaning your house is such a great cheap (free) way to feel rich. I just swabbed out my apartment after really letting it go and I feel so fancy and so good, sitting in bed on my day off, looking around at all the clean surfaces and neatly organized areas.

[@johnnyrobinson8168]

Remnants from Corona and Wall Street buying up all of the vacant houses is the issues! 💯

[@cj90014]

Your title, absolutely the truth. Wealth, money is freedom, allows choices. "They" don't want you to have choices, they want you to be a prisoner. Buried under debt serves their goals, imprisons you without them being the obvious one doing the jailing.

[@hmj8469]

This video hits on so many things. High schools should be teaching financial classes instead of other useless classes that don't prepare a teenager for life in a world dominated by consumerism and debt. A person's relationship with their finances will go a long way to determining how their life will play out. We do live in a world where there is such a thing as good debt, but even if you are financing something that appreciates and cash flows, it still must make sense from a risk perspective. I am in my mid 50's and even though i have a lot more money now than 20 years ago, my current spending habits are much more conservative because of my priorities and values. Sometimes the hardest thing to do is say no to yourself. My piece of advice for making large purchases is to wait 24-48 hours and see if you feel the same way.

[@odessajackson4551]

Michael you're wise beyond your years.. I'm 60 y/o and learn something helpful from each of your videos...as I'm heading into retirement in 5 years...

[@lewis1180]

And who causes inflation?! What does Milton Friedman say? The Federal Reserve

[@fern8580]

Schools, Colleges, Fire Services, Police Services, and a Military are the looters.

[@murrayterry834]

more voodoo economics. robbing peter to pay paul. he had no solid solutions for middle class working people. he never cared. hr helped create what we are dealing with today in regards to corporate america and the unbridled greed.

[@Jack-pd4ps]

The standard has been raised. People who waited are left behind. The precovid days are gone. Some people said buy now before the market wouldn’t be the same after this were right. Might as well not think about 2021.

[@juliaamiyamessersmith2679]

Michael, thank you so much for being you, so easy to listen to. And thank you for all the information you give us. It is thoroughly appreciated. Let's hope we get through this economic period as gracefully as possible.

[@DIVISIONINCISION]

Doesn't look that way. Not sure it will be a hard crash, more like a slow bleed like 2008.

[@michaelparman2305]

Great show Michael…no need to apologize for teaching people about finances 👍

[@rustykatt3870]

I've written this before (or something similar...😊). Michael, your content reminds me of conversations my family had decades ago with wonderful Italians in our neighborhood. Common sense and hard work ethic. Wishing everyone a great day! 👍😊

[@antoniofigueroa5084]

People around me may think I'm cheap or in financial trouble because I drive my used mazda, and dont spend on fancy clothes or travel. But living debt free and investing 15% for retirement makes me feel at peace and happy like none of those other things would.

[@BeardedVeteran1776]

Keeping money in the bank during hyperinflation is a very bad idea.

[@xyz987123abc]

The only ones who don't benefit from deflation are the ones who own assets. The rich. The Japanese also did not write off bad debts.

[@networth00]

I own lots of assets and I'm ready for deflation so I can buy more.

[@kaga1]

working my way to pay off my debt. hopefully will be all clear in 24 month.

[@curtis5799]

Stay strong.

[@thisweekmetaverse]

Im in Mexico. Today it was announced chicken is going up 50%. We can manage it but many people will now have it as a luxury 😢

[@johnnymidas5879]

ABSOLUTELY,.. YOUR TITLE SPELLS OUT THEIR AGENDA.❤

[@bryanspayde5681]

The USA buck. My first ounce of gold in the 80s. Was just over 200 bucks today. A ounce of gold is 2100 plus so the USA buck has dropped how far ??!!

[@wildbikerbill6530]

A century ago, an ounce of gold was $20.

[@wildbikerbill6530]

@@badinstinctsKZbin-xb3oj People compete a lot harder for a place to live, than to buy an ounce of gold. Also, back then there was no such thing as a 30 year mortgage - that was a post-WW2 innovation. Todays valuations are so high because it has ceased to be so much about the price and all about the monthly payment. Pre-WW2 the longest mortgage was 15 years with the typical or average being five to seven years. If we went back to those rules, you would see the biggest national real-estate crash since the beginning of the republic. Buying and selling would suddenly be much more about how much CASH do buyers have versus how long a loan + what monthly payment can they handle.

[@Koushi82]

Living a van by the river is now a luxury

[@miker1414]

Great video! Deflation helps people! It’s no wonder the media portrays it as being a bad thing. Also their argument of consumers putting off purchasing goods and services because of falling prices holds no water. People assign a value to their time. Example would be if your computer broke. You can sit there without a computer because you might save 100 bucks or you can buy one now and make use of it. This logic can be applied to anything.

[@tomtomboy6471]

People will continue to adapt....only the strong survive!

[@alphaomega1351]

Finance capitalism is an economic system literally designed with debt at its core. So "yes" of course they want you in debt until the day you perish. They can't control and manipulate you nearly as easily if you weren't constantly stressing and/or worrying about something. 😳

[@fern8580]

Schools, Colleges, Fire Services, Police Services, and a Military are the looters

[@user-zw3bg9vr5g]

❤You are talking so much sense.We are UK Pensioners we have no debt no credit and we stick to a budget and save as much as we can. We live in a buy now pay later Society many are drowning in debt. People need to wake up and do as you suggest STOP BUYING ! Countries are going down by 2026 we will all be in a depression.

[@stevenshorten6184]

Telling everyone to stop buying homes is like telling everyone to stay at home for 2 weeks to flatten the curve.

[@shaneapplegate1975]

There would be zero problem with supply or prices if people had to actually use their own money to buy tangible assets or anything of that matter 🤯

[@JohnDaniels]

We are getting poorer precisely because a narrow elite has organized society for their own benefit at the expense of the vast mass of people. Political power has been narrowly concentrated, and has been used to create great wealth for those who possess it.

[@TheLethargicAge]

Deflation would also affect property values, which would in turn affect the amount of property taxes cities can levy.

[@MegaMerlin2011]

What pretty much pulled us out of the Great Depression was involvement in WW2. FDR started the Lend Lease program by lending/leasing our supplies to European allies and China. German U-boats hit our supply ships and Japanese Zero's "accidentally" hit our supply ships. We got directly involved and gave government contracts to manufacturers that would switch some of their production lines to military armament and supply. It gave people good paying jobs. Also, entrepreneurs were pumping money into R&D so after WW2 there were numerous advancements in technology such as the TV and modern refrigerator. Back in those days you just walk into an office building with a very basic resume, and you'd be given a job with a nice pension. The employer would keep you for as long as you breathe because they invested money into training you. If you suck at 1 department, they'd move you to other departments until they could find a place for you. Nowadays, you don't have employers like that.

[@mrobfuscation2765]

4/1/2024 Bloomberg news: "US Home Insurance Premiums May Hit a Record This Year, Report Warns The average premium for US homeowners insurance is expected to hit $2,522 this year, up 6% from the end of 2023. Premiums in Florida will approach $12,000."

[@galupproperties3098]

My premium is still cheap here in pa. Less than 1k every year. My house is 744 square feet.

[@zuzanazuscinova5209]

My house is 2,200 and my premium is a little over 900.

[@bryanspayde5681]

It’s scary. 70 percent of our gdp …. Is government spending!!!

[@rowdybush1]

no its not

[@bobshimits]

^^ given the FED rates and jobless numbers are not going down, I think OP is correct.

[@mowtivatedmechanic1172]

@@rowdybush1defense budget enters chat

[@BrianK-zz4fk]

its also half the employment as well

[@SunofYork]

Absolute rubbish'... don't spread disinformation

[@Commonsenseisnotcommon8]

we came out, swinging a couple decades after the great depression because of World War II. The war financed, the economy and created jobs. Also government programs like the new deal. meanwhile, I’m being a good little consumer, this spring, it’s gardening season, and I plan to spend the next couple weekends buying new garden supplies maybe some patio furniture. You know of course I’m not spending like I was before but people still need things replaced or purchased if you have a new place . and for the most part, those type of things haven’t really gone up much in price. I said things that people need every day like food, gas, and shelter that I’ve gone up and those are all things that people cannot cut back on only so far. You still have to have the same amount of calories every week, you still need the same amount of gas to get where you’re going if you drive. and your shelter price is not gonna go down. This is the new normal people need to get used to it. there’s way too much money in the world economy, it’s not just the US economy. The whole world has an influx of cash even if we all quit buying houses, the foreigners will come in and take advantage of the lack of competition in the market.

[@151alexandria]

God damn I love you!! We need more people like you spreading this type of info. You’re providing a great service Michael! Thank you so much! 🥰🥰

[@healthyone100]

People just love to go in debt sick, i'm 73 never owned a credit card, my parents taught me if you don't have the money then you can't buy it, i own my house trailer its a 2007 with very nice front enclosed porch a nice back deck a storage shed, i paid $25,000 cash 13 years ago, my car is paid for, i could buy a new car but won't why should i give my state close to $4,000 just in sales tax , i've got my money in CD"S made close to $4,000 the last 5 years, i plan to buy some gold a silver soon NO debt, my lot rent is a whopping $345.00 a month best landlord in the country, i'm not going anywhere!

[@SomeUserNameBlahBlah]

Nothing wrong with a credit card, just pay it off in full each month.

[@chrisweidner4768]

@@SomeUserNameBlahBlahindeed. I use my credit card for everything because I get money back on every purchase.

[@networth00]

@@chrisweidner4768 The store is paying a fee for your purchase, thus the price of everything is higher.

[@DIVISIONINCISION]

@@chrisweidner4768 Cash back, giftcards, statement credits and meanwhile you have fraud protection. I don't use cash or debit cards for anything.

[@BruceLee-xn3nn]

My grandparents or my parents never had a credit card. They never needed one.

[@titolovely8237]

falling prices are beneficial to savers. inflation is beneficial to borrowers. the US government is the biggest borrower in the world. inflation will never stop. it'd destroy the government. i will push back on the whole "my debt is the fault of predatory lenders" idea. it really isnt. someone that cant control their impulses is going to be broke no matter what. it isnt the fault of the companies. yes theyre servicing a segment of the population who may have addiction issues, but again, that's not their problem. we as a society have got to stop blaming other people for our problems. if you're broke it's likely at least 50% on you. yes there are times through no fault of your own you get laid off or injured, but most people who are broke could have money but instead they want the nice house and the fancy car.

[@SomeUserNameBlahBlah]

Well said.

[@TylerN-ce6to]

This is true. Unfortunately, financially intelligent taxpaying citizens are the people that end up bailing out the portion of society that can't service their debts. What do you think the end game is for a bank that KNOWS they are too big to fail? They can engage in extremely risky lending behaviors, which, in my opinion, should not be supported nor ignored

[@DIVISIONINCISION]

Part of being financially solvent means saving up so you have an emergency fund in case of a black swan event like injury or lay-off. Smart people plan for that. Dumb-dumbs are more interested in "making memories" than saving money. That's why lottery winners often go broke within a few years of winning millions.

[@valerierogers9609]

Indeed. We've all heard the excuses to buy and charge.

[@lonestarskywatcher6279]

Sensible advice plus your pleasant speaking voice and the scenery allows me to do other things and glance up occassionally while still following along with your points. Thanks for sharing your ability to use historical data, real time data and plain good reasoning to give us an overall picture of how we should be handling our lives, something a brother would do.

[@MrTeko75]

Glad to see people are catching on.

[@user-vy7nd5ss1h]

Saw a hunk of shit 350Sf apartment for rent in Miami today close to beach. $1450 month. You was walkin out the back door as you entered the front🤣🤣. This 🤡 show is totally gone off deep end. Love the Flip Flip Flip a Roo comment ✌🏻😎

[@networth00]

It was prob a condo and the HOA fee was $700 so they have to keep the prices high to cover that.

[@Orlando_Steve]

They are shitty run down 1960s-built 300 sq ft apartments in freaking Cocoa Beach for that much too. No Miami Beach glamour, but Miami Beach prices. Swarms of idiotic locusts from the north have bid up everything and rekt everything.

[@diedonner299]

What did you expect for wanting to live close to a beach?

[@1whitecottagelife770]

your videos should be required in all schools. I survived 2008 and had to net about $4000-$4500/month in hand to break even with 2 mortgages and having to pay about $25,000/year in fees just to be able to practice real estate. And I survived it all primarily by doing BPOs for asset management companies and banks. Talk about a grind!

[@marcusmoonstein242]

"Seigniorage" is the technical term for the difference between what it costs government to print money and the face value of that money. For example, if it costs the government $1 to print a $100 bill, then the seigniorage is $99. It's basically the profit the government makes from the act of printing money. (Obviously when money is created electronically then the seigniorage is almost 100% of the money created). Importantly, seigniorage creates a vast stream of income for government that most citizens aren't really paying attention to because it doesn't affect their taxes and it doesn't appear in the national budget. But in economics there's no such thing as a free lunch, and the price of seigniorage is inflation. The more money the government prints the more inflation you get, and so seigniorage acts like an invisible tax on citizens. You will never see deflation because the government doesn't want to give up the income generated by seigniorage.

[@carefulconsumer8682]

A commercial brand of "chicken noodle soup" used to be 80 cent for 16 oz can. Now, I see 10 oz cans for $1.25. I think every politician and Federal Reserve official should be forced to do their own grocery shopping.

[@michaelsnively3621]

Considering their salaries and benefits, it wouldn't help.

[@scottgezzy]

Most Americans dont want housing to get cheaper. They just want rates lower to make housing "more affordable," but actually, lower rates makes houses cost more! Raise the rates!

[@ownsilver]

the cure for high prices is high prices, will be affecting your neighborhoods soon

[@SomeUserNameBlahBlah]

Nah, diversity and enrichment will be affecting neighborhoods even sooner.

[@breadnaut3087]

​@@SomeUserNameBlahBlahThats why I keep my gun safe diverse and enriched.

[@SomeUserNameBlahBlah]

@@breadnaut3087Except the police will arrest you regardless of the situation.

[@JD-ct1lj]

You sent a great message about credit card debt in the last half of the video. To recapitulate: ANYONE with any amount of credit card debt will be well served to get that debt off the books sooner rather than later! Been there done that--compulsive purchases aren't worth it in the end. Enjoyed the video, keep 'em comin!

[@PAAmsterdam]

Man, this was one of your smartest and deepest video. That end thought on debt and deflation that they don’t want and that’s why they keep us financially illiterate, that was on point. First take a loan for a degree that is useless, then borrow to buy a home, a car, a fridge etc… instead of learning to save or trade stocks or learn a real skill. Thanks for your time and effort making those videos!

[@georgeguegold4927]

I tell ya 25,000.00 for taxes on thier own home that is Redicoulous!!!

[@SunofYork]

That spelling of ridiculous is ridiculous

[@networth00]

My taxes in TN were $13k and I thought it was the highest in the country.

[@georgeguegold4927]

That's ai for ya

[@JohnQPublic345]

I'll Illinois, I was paying 12k a year. 2400 Sq ft home

[@SunofYork]

@@JohnQPublic345 I pay $4.8 k in Wiscaaaarnsin. 2 acres, 5 bed, 3,400sq ft, triple garage. v nice area too