We Are ALREADY IN A RECESSION!

Our trade deficit with other countries in the US is at the highest it's ever been. Meaning that we import a lot but export practically nothing. This is a problem for a future inflation and price stability as de globalization continues. Yet another headwind facing the US economy, as we barrel towards the next recession.
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[@MichaelBordenaro]

10% MORTGAGE RATES COMING TO A LENDER NEAR YOU! kzbin.info/www/bejne/Y3rYgK14p9aGfZI

[@Battleneter]

I dunno, I suspect the US government whomever wins the next election will "inflation print $$" their way our of bad government books, seems preferable over a deep recession with very high interest rates. History tells us this will probably lead to hyper inflation, but that's some other governments problem 5-10 years from now.

[@larryd.9245]

I'm Happy... mortgage paid off (it was 3.2%)

[@winniethepoohandeeyore2]

I'm happy with my 2.875% that I over pay on, already knocked years off the life of our mortgage.

[@cm467]

@@larryd.9245 shit... you should have extended it at 3.2% and put the money in a 6% CD....

[@AIMAGICSTREAM]

@michaelBordenaro people DO NOT HAVE MONEY TO MAKE INVESTMENTS FOR THE FUTURE - What part of that do you not understand? People cannot even afford to live, nevermind starting to invest!

[@micheal_mills]

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

[@donna_martins]

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

[@Walter_hill_]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@Trevor_Morrow_LTD]

Mind if I ask you to recommend this particular coach you using their service?

[@Walter_hill_]

Credits goes to " vivian jean wilhelm " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@Trevor_Morrow_LTD]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@nicolasbenson009]

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

[@berniceburgos-]

Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.

[@tatianastarcic]

I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.

[@Michaelparker12]

Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

[@tatianastarcic]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@BridgetMiller-]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@lauraallisonn]

They raise interest rates, but then continue their obscene overspending and money printing. Such a mess

[@eabhaconnor2]

They stopped printing money when they started hiking interest rates. That's the literal meaning of quantitative tightening.

[@michealpnoel]

yes, my point being why go through this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. Personally, working with my advisor - chasity george charles has helped me turn $170k into $5.8 million through stock trading. As a businessman, I prefer investing my money rather than letting it sit and lose value over time.

[@stevenorris1]

I am on the look out for experts and after doing my research online will say she meets my requirements, Thank you for sharing with us. I already sent her a mail hoping she can make out time in her busy schedule to assist me.

[@eabhaconnor2]

@@michealpnoel I think The US government needs to get US out of all these senseless wars, & extract their fair share from billionaires, & Corporations. Then we could shore up Social Security, provide an education, & healthcare, AND begin to pay down the national debt. But this will never happen as long as Americans keep voting for 1 of the 2 Corporate Parties.

[@michealpnoel]

I agree with you there

[@Ellemments]

We’re in a recession. Except this time, you went broke WITH your job.

[@juanvaldez7279]

Sounds better then in 08 when I was broke and had no job those were hards few years being 22 years old in 08. I have 2 jobs and side hustle now and it's been great I have no worries still living like I'm 22 driving my 96 Honda De Sol l purchased in 2010 and still my daily driver. Live small invest big. 50% of my income goes into stocks since 2021.

[@tomcollins5112]

The Biden administration has been a disaster for my small business and my family. If he gets re-elected, we'll all be dirt poor 4 years from now.

[@skepticalmechanic]

Correct!

[@OilTrading]

You're in hyperinflation not a recession.....cattle always follow each other in what they do and what they think......

[@dumpsterG]

@@OilTradingArgentina snd Turkey are in hyperinflation, US is not. Simply because usd is the worlds reserve currency for now. However, the dollar will be the last one to fall to hyperinflation. What you are suffering through right now is inflation and currency debasement from the 2020 printing that printed 80% of the money in the last 20 years. It has only started. In the next few years $100/hour will not be enough to live normally. Which is still not hyperinflation, hyper is currency debasement of more than 60%, USD is at around 16% right now. This is why people should stop listening to traditional bankers and finance institutions. Buy hard assets and companies set to hyper growth like Tesla and Bitcoin. Nothing else will save you.

[@venk777]

Stop buying! Practice frugality.

[@murrayterry834]

self sufficiency and barter systems coming.

[@butwhytharum]

Nah it's more "don't spend money you don't have"

[@eyob4794]

Then capitalism won’t work

[@tomcollins5112]

The rich aren't spending enough. If you can afford to spend, then spend.

[@homelessmillionaire1]

​@@tomcollins5112 The rich aren't spending? you are really ignorant.

[@davidgriffin6724]

Most people are so caught up in their own little miserable existence that they have no idea what's happening in the big picture.

[@FrankRizzo557]

This one truly deserves a thumbs up. They "don't care"; until one day everything blows up in their faces and then they have that stupid look of "what just happened". That brings me to another point. This is more so true with our politicians, justices, etc.; they all don't realize if we all do not work together that there will be no cushy job to return to. There is going to be nothing to return to or at least something that doesn't resemble today. Oh wait, that is already happening....

[@kenanacampora]

This is on purpose. Do idea of problem = no complaining.

[@ralph95]

WELL SAID !

[@Zain-ee2oe]

Ignorance Is Bliss they say "

[@AS-qc4bg]

The more people that encourage others to "have no debt" the better!! This advice is 💯.

[@jordanintheknow]

100% agree

[@saininj]

Literally the ONE thing you need to do during these downturns.

[@francismarion6400]

hope it's not already too late

[@AssetAddict]

Poor people don't know how to use debt. I'm not that guy. I use debt to leverage my investments and preserve my cash. Built a fortune like that, and most rich people will agree with me.

[@handleyobusiness]

@@AssetAddict Even though I never use credit, this certainly is the right way to go. Use credit to buy things that pay you.

[@casualgamer00]

Not to mention all the money these traitors are sending overseas.

[@kq2799]

U owe 35 trillion dollars, no load...

[@juanvaldez7279]

Biden 2024 🇺🇸

[@marcioramos2632]

better sending money than you to fight in the front line.

[@hotmic4045]

It’s not going overseas, mostly. It’s getting funneled back to the donors of campaigns.

[@josephhawkins5750]

@@marcioramos2632why the hell would we need to fight on the front line.

[@RichardMoore-jg5tl]

A recession is currently the "most likely consequence for the economy," and I cannot fathom becoming a victim of circumstances, with inflation at a four-decade high. In two years, I plan to retire, and my target retirement fund is $967,000. How can I assure this? What steps can I take?

[@RusuSilva]

My money was almost wiped out entirely in 2008. I took out my money and invested it with my wife's wealth manager. I haven't caught up to her profits over the years, but I do earn more. Haha

[@FusunTumsavas-cq7tp]

This is great. I started investing with a wealth manager in 2020, too. I hated myself for a long time because I didn't know I could do that. Funny how I have quit my day job, because my profits cover for every living expense.

[@RossiPopa]

That's quite impressive! I could really benefit from the expertise of these advisors; my portfolio has been performing poorly. Who is guiding you?

[@FusunTumsavas-cq7tp]

Monica Shawn Marti 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.

[@RossiPopa]

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@abeliever33]

I am one of the people you speak of Michael that had my position eliminated on May 3. Honestly I’m glad to get out of the corporate world with a severance. I’m grateful to be debt free and prepared for the recession we are in. Awake and aware. Be well all and stay united.

[@henson2k]

Good timing

[@AlphaJ369]

My position was eliminated at the end of last year. No severance but I'm still positioned decently. Bought silver, oil bonds, 1 crypto, and the rest is in a CD. Thinking about cashing out my IRA since I'm 61, it's been doing well but I fully believe a crash is on the horizon.

[@SheepAmongGoats]

No amount of money will do anyone any good if there is no functioning system to actually use it.

[@tfpnation6925]

@@SheepAmongGoats OK this is a little insane

[@SheepAmongGoats]

@@tfpnation6925 Most services we've grown accustomed to in the U.S. are about to become unsustainable. Look at all the businesses hemorrhaging, laying off workers. Starbucks just lost like 20 billion in stock value. Lots of stores across the board are either closing or laying off thousands. Sardine home 15 min. cities and your diet will be bugs.

[@thesarahmasters]

And look at all the drug shortages we've been experiencing because we're dependent on overseas suppliers. That in and of itself is terrifying. When you look at what happened to places like Detroit when manufacturing jobs left it's beyond sad. Our own government set us up for most of the supply chain issues we experienced during the pandemic and beyond.

[@joycedudzinski9415]

Fed up with going to the store and buying vitamins totally made in China. Can't we make anything in the United States anymore???

[@steadysmv]

Don’t forget about corporate greed. Executives and board members are also responsible for this mess.

[@TheNugler]

All by design

[@lovethemflowers]

@@joycedudzinski9415 What makes me mad is when you CAN'T find on the packaging WHERE the over the counter medicine is manufactured. I figured when it's not listed, it's because is WAS manufactured in China.

[@rareroots]

We should stop being dependent on the drugs

[@robtheaveragewhiteamerican4403]

America used to be the industrial giant of the world. That’s what made us great. We used to make all our own stuff, and we were proud of made in America. I am talking about everything. Shoes, underwear, cars, everything. We will fail if we don’t make our own stuff again.

[@whydotheathensrage]

GATT, NAFTA, and other offshoring / outsourcing laws have destroyed the US economy. We have been AmeriCon'd !

[@markhetz1119]

100% 👍🏻🇺🇸

[@kenanacampora]

However, too many have been taught to be BS artists instead of workers.

[@Theweouthereforrealclub-]

@@kenanacamporaBecause there are no jobs for the masses that pay enough to have a life worth living

[@shanejones578]

@@Theweouthereforrealclub-if I can build a house in two years by myself, why in the fuck do I need to work 30 years to pay for one.

[@jhm3rd]

I've never seen ANYONE who could carry on a conversation as long as you can. It's absolutely amazing. I keep checking in your sunglass reflection to see a long list of cliff notes that you for your podcasts and I don't see any such thing. Thank you for making us all feel like idiots. Just teasing. I WISH I had your memory and your speaking skills and have learned tons from you!

[@fazdoll]

He's got a lot of cuts in his videos, but his speaking skills are still impressive. He's such a natural.

[@user-df2mn5bx2q]

Tons of edits

[@lovethemflowers]

Yeah, there's not much silence in his videos unless he's showing us scenery.

[@lovethemflowers]

It's almost like he used to work in radio and hates the thought of dead air.

[@jayha7071]

I'm surprised he doesn't walk or fall into the water

[@altheacbarnes2522]

the recession is already here..

[@justinlowry6522]

Debt is slavery. Michael is preaching and we're going to be in an even deeper Recession. Eliminate debt and live under your means, save money.

[@justinlowry6522]

2025 will be worse.

[@chuckchan4127]

​@@justinlowry6522 The fate of 2025 depends on the election results.

[@redtiger7268]

@@chuckchan4127 If you think the election will save the economy I have a bridge to sell you. If Trump gets elected the FED (deep state) will burn down the economy so no Republican is ever elected again. If Biden (Obama) gets another term the money printers will spin into high get and we will go into Turkish style hyper inflation by 2026.

[@Theweouthereforrealclub-]

@@chuckchan4127the last election was rigged

[@drewreynolds1649]

@@chuckchan4127nope they don’t care

[@BeardedVeteran1776]

Don't get scared, be prepared. Michael knows his shit.

[@billyjoesmo8251]

Most people do not realize this is a world economic disaster not just the United States😢

[@matthewfusaro2590]

It's a G7 problem. That's why countries are gravitating towards the BRICS system.

[@tonyl6385]

100% correct

[@OilTrading]

Most people are idiots behond measure.....

[@dailey291]

@@OilTradingbeyond?

[@soylentgreen8795]

​@@matthewfusaro2590brics countries are in the same boat as the rest of us

[@chrisstephenson8311]

Come on people we need to spread the word some more for Micheal to hit 200k subs…he deserves it👍🏻👍🏻

[@carolineasebrook6643]

Yes he does!!! He should have his own PBS show!!

[@AssetAddict]

Why does he deserve it?

[@AssetAddict]

​@@carolineasebrook6643why? What value did he bring you? Do you think he's cute walking around in his tank tops or does he chance your life for the better? I'm really confused.... this guy doesn't know what he's talking about.... so either you're also ignorant, or you think he's cute.

[@edwardsuarez-ri5dz]

Yes

[@lovethemflowers]

@@AssetAddict Because he's out in the Miami sun doing these videos!

[@danielalonzo7445]

Severance packages are mostly a white collar industry benefit. I have 37 years of work experience and have never received a severance package

[@robertwright7283]

It just keeps getting worse and worse.

[@juanvaldez7279]

The last 4 years has been great for me. I make 2x what I did in 2019 rent is higher but I just moved to a beautiful apartment on the river 10 min from the beach $950 a month. Maybe the problem is you.

[@aracelimalone1167]

It’s so getting worse.👆🏼It just hasn’t touched some people yet!!

[@williamwallace8164]

@@juanvaldez7279 So, what you are basically saying is that the price of gas for your car has been DOWN 21%, your electric rates have gone DOWN 32%, your food prices are DOWN almost 27%, utility rates have gone down 16% and your rent has STAYED at "$950"? Sorry man! You just AREN'T paying proper attention to the ACTUAL numbers within the economy right now. And do NOT get me going on the "job numbers."

[@juanvaldez7279]

@williamwallace8164 my income has doubled 60k now was 30k in 2019 I sold my house last month and am renting now for $950 power and water is included. My car is a 90s honda that get 35-40 mpg been driving it for 15 years so I don't give a Sh*t what gas prices are. Nearly everyone I know makes alot more money then they did under Trump how you spend it is on you.

[@juanvaldez7279]

@williamwallace8164 and I switched insurance because State farm hiked my rates now I'm with progressive loving my $45 a month insurance honestly it was $38 in 2018 when I went to state farm but they wanted over $80 so I switched. Maybe you should let your wife run the house hold budge from now on.

[@douglasstone3813]

Rates are on there way to 10% and above.

[@user-gr4ie5lu4e]

How do you know ?

[@thecustommuffler]

@@user-gr4ie5lu4e he doesn`t and they wont. Its going up just like the 80s.

[@petergriffin1546]

@@lazydayB2B Before yes not sure after.

[@rockpadstudios]

I think so if the debt bomb facing all western nations doesn't pop

[@BeardedVeteran1776]

Thank you Michael for always being direct and honest. In a world of lies and darkness, The truth shines brightly.

[@shovelhead81]

Recession is when your friend loses his job. Depression is when you lose yours.

[@Greg-qw7xl]

Saw two friends just lose their job. Hope they received a severance. All you can do is prepare by saving, diversifying, avoiding debt until your time. Treat your job or profession like a Tes la email is coming.

[@Greg-qw7xl]

12:55

[@Jayyy64]

@@Greg-qw7xlwhat industry

[@rodimuspm]

It wasn't like this in 2019. Just saying

[@Feribrat99]

It was like it, but the end game as we see it right now had just been put into high gear despite not having an idiot for a POTUS. We are just seeing the dirty side very clearly now. been 100 years in the making towards where we are being steered today. at least since ww1

[@jasonroberts6080]

Recession is now. The greatest depression vomes in early 2025.

[@johnhinant970]

But wait there is more.

[@paullittle6458]

😂

[@marvinphillips1326]

When was the last time you bought something that said “Made in the USA.” China has mastered manufacturing to a science. Bringing those jobs back to America would be great but at a cost. What costs? Look at the problems the Taiwan chip maker TSMC is having in Arizona. They never had to deal with Unions, workers compensation, paid medical benefits, etc. They were supposed to create jobs here but for now it’s on hold because of the American demands. Good luck getting started 🤷

[@lifewith9cats153]

It's challenging to find items "made in the USA". I prefer to buy only basic necessities like food and household products. Makes life a lot simpler and saves my money. 😊

[@lovethemflowers]

Sadly, I'm surprised when I DO come across an item made in the USA. I bought something just the other day, and I was glad to see "Made In the USA" on the item. Of course, Amazon is famous for stuff made in China. Some of the brand names of those items are damn near unpronounceable.

[@benton-benton]

you tube takes off my comments and it's ai types in my comments.

[@jz3689]

China uses unethical labor practices. How can we compete with that?

[@justtransfer539]

I've seen home prices go down in my market, but that's only because some people are about to be foreclosed!

[@MrJohnnyDistortion]

Prices down on what?

[@justtransfer539]

@@MrJohnnyDistortion Home prices! I just edited my comment for more clarity, thanks.

[@tbugher62]

Wow you must have a 1 st grade education​@MrJohnnyDistortion

[@tbugher62]

​@@MrJohnnyDistortionso you don't even know what a foreclosure is,lol.

[@winniethepoohandeeyore2]

Over 5 million people are atleast 1 month behind. Lenders started the foreclosure process on 22,575 U.S. properties in February 2024, up 4 percent from last month and up 11 percent from a year ago and expected to go ALOT higher in 25.

[@garylink3389]

Great point on making things in the USA again. Give ppl some hope of a better blue collar job and a better life. My folks came here from Hungary with nothing and both had decent paying manufacturing jobs. Weren’t wealthy but enjoyed a decent life. Different times I guess.

[@taragriffiths5124]

He has an extremely valid point. America needs to become self sufficient.

[@fredk9999]

Thank you to our host for these important outdoor walk-around segments

[@carolineasebrook6643]

Watching Michael is my “outdoor time”!! lol!

[@TOCC50]

I invest in olympic bronze medals

[@fazdoll]

Especially at 3:21, when he clearly crosses a patio to walk along a ledge right on the edge of the water. Phone cameras don't do well in water.

[@joycedudzinski9415]

I'm trying to figure out which area is the best place that he walks through that I can pitch a tent.

[@bmoreblondie6301]

Noticed pur grocery shopping has gone up insane spend 728 dollars last 2 weeks for food

[@chrisstephenson8311]

Wow!!! When does it end right🤦🏼‍♂️🤷🏼‍♂️

[@francismarion6400]

coffin houses

[@wildbikerbill6530]

How many are you buying for?

[@lakorai2]

Stop shopping at Whole Foods

[@RedEyeC]

The semi-conductors (chips) made here in the US are for kitchen toasters and other simple appliances. Taiwan makes 95% of the advanced chips that go in cars and all other complicated devices. We in the US (Intel and AMD) have fallen decades behind in technology. Sad.

[@LynxStarAuto]

Who do you think is making those advanced chips in Taiwan? Intel. Same American companies and technology. Just cheapest labor.

[@demri123]

​@@LynxStarAutofalse. Intel is a small player in chip manufacuring now. Its mostly TSM and Samsung (taiwan and korea). The designers are american yes, NVDA AMD etc....but they are pysically made in Asia.

[@1969bones69]

Yeah not having chips for your air freshener is tragic. Chips for your truck to have a backup camera...Americans have gotten soft and weak.

[@RedEyeC]

@@1969bones69 - compliant would be a better word.

[@demri123]

@@1969bones69 its not only that. Almost everything has semis now. Phones, tablets, tvs, refrigerators, dryers, cars, missiles, etc...

[@LavishPatchKid]

For decades people have said there's a difference between the market and the real economy, and were shrugged off. But it simply can't be denied, anymore. With the 'everything floats to the top' of corporatism, plus the natural consolidation of market forces from law changes (up until 1890, corporations weren't allowed to own other corporations), plus the 'ship all the manufacturing overseas' so the economy must be boosted through state debt - we've created a top tier that now has more wealth than the real world is worth. This is why 'the market keeps on rising', BECAUSE there's NOTHING for them to spend this 'more money than the world is worth' levels of fiat that was printed. So they have passed 'buying stocks for worth what a company can actually justify via profits' years ago. NONE of these stock values actually have justification via annual profits. All of state incentives must be switched back to 'hard assets are where the money is'. (IE: GE switched from making real products to finance, BECAUSE the amounts made in finance were so ridiculous, that it made no sense to be industrialists, anymore.) It all has to be reversed. We have got to get these people's wealth out of the market and back into brick and mortar. And we have seriously got to look at all of the laws passed in the 19th and 20th centuries that allowed corporations to take over our nation. It can't be avoided anymore, and the first step - is getting rid of the 'state for sale to the highest bidder'. We will never fix any of this without a genuine state. We must separate money from governance, just as sure as we separated church and state, centuries ago. IT HAS TO BE DONE.

[@VicDamoneJr82]

Nobody will read this

[@LavishPatchKid]

@@VicDamoneJr82 Sadly, I'm sure you're right.

[@Stephanie_12345]

Excellent analysis 👏

[@nathanmayes2164]

@Michael Bordenaro PIN THIS COMMENT.

[@allstarlord]

⁠@@LavishPatchKidmost people won’t but I read it and you’re right brother but the kind of change you’re taking about only comes with blood. Until things get bad enough which they aren’t even close to yet…nothing will change but in my opinion, in a few years we will reach that breaking point

[@jordanintheknow]

Love this channel man. I'm praying for your success. You've definitely inspired me to focus 100% of my efforts to be ready for the recession. Appreciate what you do and good luck

[@gertrudewest4535]

I am low income and this month I will have paid off my credit card ( racked up a bit earning my worthless college degree). This is the worst time to be getting into credit card debt.

[@markritacco270]

👏🏻👏🏻

[@Battleneter]

Nice work, now treat it like cash, you must zero the balance within a few days from your savings account. If you have no savings then you cant afford to use the credit card :P. I know people talk about using the interest free time on the credit card, but 90% of people fail doing this from my observations.

[@Jamesharrison77597]

Mr Gertrude you really need to start trading since you have low Income so that you be earning massively daily like others

[@AbrahamDavid11323]

I am also experiencing low income..Us economy is really a mess at the moment..I want to start trading too but haven't found anyone that will guide be through because I am really a novice in trading..I don't want to lose LOL😊

[@Jamesharrison77597]

+1850

[@clairelivefreeordie2551]

I agree with you on the semi conductor businesses & making these products in the US. We should have seen this deficit coming a mile away & acted proactively then. The more i understand my own government, the more i distrust them. They're not only corrupt but completely incompetent too!

[@mangodiet801]

Interest rates should be 10%, not a prolonged 5%-7%, rip off the band aid

[@maness2112]

My cash is waiting.

[@user-gr4ie5lu4e]

That would hit the bond market and US government wouldn't be able to pay it's debt...that's way they are doing whatever they can to keep 10 year treasury below 5%...

[@chuckchan4127]

10% is rookie numbers. Make it 15%!

[@JBoy340a]

That would be great for accounts. Imaging getting 9-10% on your money with bank accounts, and Government bonds and notes.

[@mangodiet801]

@@user-gr4ie5lu4e interest rates went up to 20% in the 1980s to curb inflation from the late 1970s. The baby boomers have benefited from the best of times to their portfolios, still to this day. Things don't improve until they're never in office.

[@user-vb8yf8be3l]

Houses have increased in price about 7 % a year each year on average for the last 50 years

[@Stephanie_12345]

This economic depression is a worldwide occurrence. Many people in these countries are even in a worse situation than USA like Canada, United Kingdom, Australia, China, Japan...

[@p.granger8824]

What people don’t get is how the low cost of items made overseas has allowed the US Gov to tax you through inflation Even more without you knowing about it. If you’re used to paying $1 for a spoon and it would cost .50 from overseas, now the price is inflated up 50% to .75 and people think it’s a bargain. Low cost overseas manufacturing disguised past inflation.

[@jasonweishaupt1828]

Smartest comment all day today!

[@user-gr4ie5lu4e]

Would you rather pay $2.5 , $5 or $25 for an item made here ? Inflation - 100, 300, 500%.......

[@dertythegrower]

they outsourced it all, almost... its like we are the bahamas now, everything imported and minimum 10 for any small item, yet they only want to pay 16 to college educated people

[@winniethepoohandeeyore2]

Yep

[@mingazzini]

Never thought of that…

[@tkluen2022]

Stop puking out 1 trillion of printed money every 100 days....

[@maxwolf8055]

Stop 🛑 printing 1 trillion, print 5 trillion monthly 😂

[@user-uo7fw5bo1o]

To do that the government will have to cease all spending save for the interest on the national debt

[@winniethepoohandeeyore2]

US govt can't even pay the interest on the money it owes China

[@operasinger2126]

Debt is $46 trillion.

[@devanishant]

Abolish the Federal Reserve. Return to spending only what we have.

[@williamjoback1436]

Our country has so much debt that it is bankrupt and can not spend any amount of money to invest in the industry of semiconductors or any other industry. We are doomed!

[@lifewith9cats153]

Yes and future generations will be hurting for many decades!

[@Columbus1152]

Why is the government subsidizing semiconductor production? The industry is wildly successful without any additional financial help.

[@eas-eautocom4871]

It isn't the place of government to invest in private business entirely. Build a small company manufacturing then grow into larger. Basic items then more intricate or multiple smaller ones investing into a growing industry. Foreign people or families invest in one for instance restaurants or mini marts. As profit comes in the next in line is funded. Our American dream of 1 is missing that part and why it is so hard to succeed. Takes a village.

[@maoxian]

Keep preaching the truth, Michael!

[@danielj3010]

Michael B knocking on 200k!!

[@TOCC50]

Richard Mannion

[@pinschrunner]

Interest rates for mortgages were double digits in the 1970s. Car loan rates were also and remained double digits through the mid 1980s

[@JBoy340a]

Yes. This is just another step in the never-ending cycle of economies. 7.4% is the median of the mortgage rates over the last 50%. Those 2-3% rates were an anomaly.

[@SamIIs]

Finally! Someone else that sees things as they are from the perspective growing up from the middle of the 1960's. 1965 The population was a little lower.

[@nomaam-br549]

Prices will soar? That ship had sailed!

[@markpitchford7375]

the second wave will be even bigger, based on historical norms.

[@heidi1897]

I don't want to work, I just want to play on the drums all day 😂😂😂.

[@bobblacka918]

An investor was recently asked why they don't build more factories in the USA. He said, because there are no incentives. That's code words for he is waiting for free money from the government. Investors have no incentive to build factories when they can make a lot more money on Wall Street by just moving money around. And that's the real problem with the world economy. As long as there continues to be huge profits to be made by just moving money from one account to another, no one is going to use their own money to build factories. Why would they? The recent surge of building chip factories in the USA is being funded by tens of billions in grants from the Biden administration which perfectly illustrates my point.

[@Holdontight1123]

There should be a law where if your company makes a certain amount of profit per year tou have to produce or hire in the usa if you're an American company. Companies like Apple can afford making life better for Americans..

[@AverageJoeDividends]

Offshoring work should be banned.

[@mindthedrift.]

Ok, then when that law passes, all of a sudden these companies get sold off to foreign entities lol

[@Deploracle]

I doubt the Apple stockholders share your viewpoint.

[@Holdontight1123]

@@Deploracle no one with morals does..

[@johnnylogan5927]

The tax system in the US is not friendly to businesses. We don't want them here.

[@bofast]

I personally would not put money in treasuries. Even if one technically gets more money back at the end than what one put in, there is no guarantee that said money will be worth as much anymore.

[@nicweethee]

My real estate agent in Los Angeles told me today that 80% of the buyers in the market are investors not individuals or families. This will keep property values from crashing or finding any kind of true price discovery. There are a lot of properties coming to market which makes me wonder because those who are selling really must be in a tough spot because who on earth would want to give up those low interest rates. Some of them are probably newbs who bought into the market at ultra low interest rates but bought at the peak and now they can’t do a cash out refi because they’re under water. Oh Mike you should look into these programs the state of CA is doing for teachers who want to own a home. They are allowing California school teachers $150k towards the purchase of their first home and that money is forgiven after a a certain amount of years if it’s your primary.

[@taffyalusa4642]

Good for the teachers

[@nicweethee]

I know right? My agent told me these loans they are giving out to teachers have the possibility of being forgiven. I think that’s probably because they are fully expecting them to walk away from the property when it’s worth well below what they are paying for it right now. It’s like they just keeping creating money out of thin air to give to these programs which are directly inflationary and supports their agenda to inflate away they Govt debt

[@moneymike47]

Illegal getting free housing and healthcare in Seattle, while middle class hardworking people have to buy their own health insurance, 😂

[@lisapolanski9379]

Did you see they sent a list of demands to the mayor of Denver? They want better food and everything, jobs, free medical care and free legal services!

[@WORKSbaby]

I hear Japan is going through the same thing even South Africa I think this is a world problem

[@marknewton6984]

It's global😮

[@chuckchan4127]

World problem? You think? Lmao

[@WORKSbaby]

@@chuckchan4127 no shit

[@chuckchan4127]

@@WORKSbaby bruh, I was saying that to you first. Lmao, chill

[@WORKSbaby]

@@chuckchan4127 I made the comment so obviously ik ur just bein snarky

[@stonesfan285]

We wouldn't have to depend on other countries to get anything if we made things here. The problem is these large companies do not want to pay people anything, they do not want unions around, they would have to reduce their profit margins. I think cooperatives are a better way to do it instead of CEOs getting massive paychecks.

[@stephanarizona9094]

16 out of 17 Depression Indictors are meet, the 17th one is only because government spending is out of control, flooding certain sectors with cash such as the defense industry, but we are past recession and in a depression!

[@chuckchan4127]

Can you share these indicators? I did a search but couldn't find them.

[@kenlang2154]

We are seeing more layoffs, higher prices, higher inflation...winter is coming!

[@followyourbliss101]

Michael keepin' it real with an honest take on being in real estate. the world is going through a big shift or change - whatever you want to call it. It is also very important to know that it is up to each of us to proactively create a new world we actually want to live in. Things will not be going back to 'the good old days' because for one, they weren't really as good as you think and things can be so much better in the future. The veil of evil that reigned over humanity for 1000s of years has been lifting and it is uncomfortable for most to see the darkness and what it has been doing all this time. Don't wait for a savior, and certainly don't expect government to fix anything. Government IS one of the problems.

[@stevepierce1238]

Thanks Michael for quoting Danielle Dimartino-Boothe on the recession. Your listeners need to hear that.😵‍💫

[@speakersteve9586]

I don't think the market is going to crash. This will be a new style of collapse. I think you just won't be able to buy anything like; homes, used cars. I don't think you will be able to buy toys. I think services like fast food workers and car mechanics will be 180 degrees from what it is now.

[@johnnylogan5927]

Yep I agree.

[@TheGerould]

Who is going to stop you from buying these things? Even if the dollar fails, no one can stop you from trading goods / services.

[@johnnylogan5927]

@TheGerould he's saying everyone will slowly go broke and there wont be an actual crash. Slow and steady demise.

[@speakersteve9586]

@@TheGerould Look around you. Tradesmen aren't working now.

[@JohnSmith-ti2kp]

@@speakersteve9586 Where is that?

[@benjaminmeza5372]

I live every day of my life as if tomorrow will go down the tubes financially. It's always a good feeling to know you are prepared with money in the bank in case your job goes south. I have never been the kind of person to buy crap I don't really need. Now it is much harder to kick me off the ladder financially. And might I add, I haven't had a car payment in 6 years. Now I get richer and richer.

[@b4ph0m3tdk9]

Yes, well going with the growth, and well deserved. People want the truth.

[@rhondae8222]

Great information. Thank you for sharing.

[@jonathanjacques7250]

Thanks Michael!

[@user-tm7gi5zj5w]

Love your videos! Keep it up.

[@ronniegladden7387]

one of your BEST videos yet -:solid, truthful, concrete, and practical information; refreshing, THANKS!

[@ellyne3863]

Michael, you’re making a difference to a lot of people with these reality checks. Thank you

[@jimmyamico4713]

Phenomenal video Michael❤

[@kenlang2154]

Spot on Michael!

[@jeffaardrup5051]

I have been freaked out about the trade deficit since 1974.

[@kirkholmes9316]

What I don't get is how does the government, or anyone for that matter say the stimulus money hasn't run out yet. We spent that shit immediately upon receipt, ot wasn't THAT much money, so who still has that hanging around? And of anyone does, then why did they receive it as they obviously didn't need it. Buy now pay later garbage should be enough proof that nobody is still sitting on their stimulus checks.

[@MrsNibbles1954]

Maybe referring to the PPP loans? Because same!

[@pinschrunner]

They are talking about the corporate and govt agency stimulus not the individual stimulus

[@dallaslooksmaxxer3505]

Nowadays I leave my house mentally prepared that I’m gonna loose $100 in disposable income one way or another

[@nursultansaljakbaj9401]

Very good.❤❤

[@jayf6525]

We are reliant on goods from our adversaries and countries that hate us. What could possibly go wrong?

[@Dohair879]

2008-2010 was some of the lowest points in my life. I was 30 and felt more worthless at 30 than 21. I was not prepared at all. I’m glad I went through it all. It taught me some very valuable lessons. Save 3-6 months for job losses, do not have consumer debt, and focus on growing your savings because it will never be enough. Today I am prepared more than ever and will never put myself in that situation again.

[@DavidCovington-st2id]

Recessions are frequently caused by outside forces, and it seems that the US dollar is becoming less of a government reserve. A new multilateral world order appears to be approaching given the waning capacity to manage inflation and the decline in the trade of stocks and oil.

[@mikey43221]

There are other equities with big changes in value that can lead to considerable rewards. It centres on efficiently balancing risk and return, as an alternative. You can gradually work towards reaching your financial objectives by sizing your positions correctly and taking advantage of your advantage time and again. Regardless of whether one chooses to day trade or pursue long-term investing, this idea consistently holds true.

[@SeanTalkoff]

Or just get guidance from a financial advisor if you want to create a successful long-term plan...

[@tmer831]

Hello Sean, How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@SeanTalkoff]

Vivian Carol Gioia 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.

[@tmer831]

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

[@rogerbec5766]

Went to the mall yesterday for the first time in a long time. Only saw a few older people.

[@jimcrawford3185]

Only a few what?

[@lostcanyon777]

@@jimcrawford3185 "Only saw older people" - and only a few (of them)

[@marknewton6984]

What's a mall?😮

[@Sunday20890]

People shopping on Amazon

[@JBoy340a]

@@Sunday20890 agree. I go to the mall every few years or so. I am kind of surprised they even exist any more.

[@IIIKingsMedia]

Very True !

[@chrish6720]

I love going for your walks, it always looks so nice with amazing weather and fantastic views

[@hitherefrompointswest4805]

Fix the price of DIESEL fuel and most things get fixed. Period.

[@maxwolf8055]

Free DIESEL and Houses will help 😂

[@Theweouthereforrealclub-]

That was the price while we were draining our strategic reserve too

[@Milaa801]

Things won't get better. I was told the situation will remain like this or be worse for the next 5 years...

[@mikef3855]

Michael, you provide such excellent insight into the reality of the current state of the housing and stock market. Keep up the great work. I love your channel!

[@DavidJensen-nm5sf]

Yeah, I'm a sous chef in Las Vegas. The Food Network sorta did that to the restaurant industry. It sold people a fancy. They went to an expensive culinary school, got out in the real industry, and lasted about a year. Hey, the power of television!

[@kimberlyivie472]

Hi! Thank you for your videos:)! It feels like semi empowering learning about money and homes and how money works lol

[@robertkreamer7522]

Where have you been? We are in a major recession right now.

[@shanagirl33]

Brilliant video Michael.

[@mattanderson6672]

Thanks Mitch

[@giantclam1822]

Im thinking we are about to cross a rubicon very soon.

[@jefff8130]

We already have

[@marknewton6984]

Or River Styx?😮

[@timr31908]

I just wasn't made for these days.... 😮

[@takeitorleaveit3131]

Thanks Micheal for enlightening us!

[@Brandywine53]

Solid advice. Love what you are doing Michael! God bless you man.

[@masonreppeto882]

Old people are delusional if they think us young guys are going to start working in the factories and still barely afford to live. We'll just exit the country in a mass exodus and leave this crappy system behind. I'd much rather be able to raise a family and be average by another country's standards than keep a dying feminist system alive.

[@Scott-ri2ek]

The one thing I don’t understand is hotel, travel and restaurant industries are through the roof with growth increasing year over year.

[@cwynn1547]

and nobody wants to work in these jobs

[@ericmcabee5823]

Spot on, Michael!

[@glendajune9140]

Michael, you’re a great example for all of us. Age doesn’t matter if you’re trying to elevate people. I love how you tell the truth, good or bad. It’s up to the individual to use the information to benefit their life. Always rockin with ya.💯👍🏾😀💜✝️🙏🏾🇺🇸

[@tinaho1966]

You are Right , INFLATION keep go up depend of PRODUCTs. for easy like Food /vegetable = easy to grow = No INFLATION , for Service "hard-to-Repair" or testing PASS , price go up to 500% ,cause not much order , & cost to store too much , may go up 1000% , cause nobody can do it ,

[@user-gr4ie5lu4e]

little work on your English would not hurt

[@mangodiet801]

HGTV holds great responsibility in ruining the Housing market

[@justinallport9789]

I agree, the middle class can't afford those 100k - 150k or more renovations"

[@Stevo79er]

Airbnb as well

[@delaville680]

I don't watch fantasy TV any longer.

[@Direwarlord213]

Airbnb and Blackrock + landlords with 100-1000+ units or 100+ SFHs, it's fucking crazy. If we dont set hard limits and prevent corporate homebuying or app rentals (airbnb), we are more fucked than fucked.

[@1969bones69]

People are stupid. The TV just brings out the natural state of those that watch it. They don't call it an idiot box for nothing.

[@mikie2020]

Love listening to your advice and you are, I think spot on. I'm 68 yrs old and live thru the Jimmy ( peanut man) Carter yrs. and see alot of what I went thru coming alive now . I've seen interest rates up to 17%