100s of THOUSANDS OF PEOPLE GETTING SLAMMED WITH HIGHER MORTGAGE PAYMENTS! kzread.info/dash/bejne/oIeh1qZqhtefZ8o.html

@hinstoncarachi1373

Ай бұрын

Right now I’m on vacation, I took money from under my mattress and my credit card . I didn’t wants to take vacation but because my sister bad situation, she sold me her time share in order to help her .

@musictorelaxandunwind

Ай бұрын

Try Comfrey Cream good for bones and joints it s plant.

@Lisithedogwalker

Ай бұрын

@@musictorelaxandunwind🙏

@carefulconsumer8682

Ай бұрын

I read Mod Pizza is also looking at bankruptcy.

@freddyferrillo9704

Ай бұрын

I know you won't say it but I will. Bye-done put the Country in this position. It wasn't this way when Trump was President. And it's not a coincidence. Trump is a better leader. Way better!

A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

@berniceburgos-

18 күн бұрын

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.

@tatianastarcic

18 күн бұрын

True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.

@Michaelparker12

18 күн бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@tatianastarcic

18 күн бұрын

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-

18 күн бұрын

Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.

I was a single parent of twin daughters. My ex took everything and left me to raise our daughters on my own. Zero help from family. I managed my budget and we always took vacations. Nearly all our vacations were camping in Yosemite, Tahoe, or a quick trip to San Diego if I could find a $50 hotel on Priceline. I avoided debt like the plague. I got my daughters though college and graduate school. We're all doing fine. I still have no debt, we all have perfect credit.

@autoimmunitycurse

Ай бұрын

Same here. I'd only take 1 or 2 days PTO for camping or vacation, it'd be 4 days that way. Budget was $500, and take cooler with breakfast and picnic lunches. Sometimes 6 flags or aquariums or zoos have cheap tickets, plus fishing and swimming at local parks free, then last day in hotel for showers before long drive back if camping. Here in Texas, we have historical markers and parks with lakes stocked with fish everywhere. Traveling can be extensive, but driving was more comfortable for everyone and could bring more things instead of buying convenient items.

@lisaottomann2396

Ай бұрын

Wow! You did a great job! Congratulations.. I’ll bet your kids are proud of you to😀😊

@rst90274

Ай бұрын

@@autoimmunitycurse When my daughters were growing up, I always worried that my children were deprived. Their friends all came from wealthy families, took trips around the world, dined at the best restaurants. In the end, my daughters thanked me for teaching them how to live on the cheap. Now 36, they still hike, camp, mountain climb, ski. They still love dive dining for tacos and street food. I just got back from Mt Rainier with them.

@nyneegardner6235

Ай бұрын

Much respect to you, and congratulations for raising your daughters on your own. And doing a damn good job! My Mom had to shoulder most of the burden of raising four kids by herself after she and my stepfather split up. My Father did not consistently contribute to my upbringing outside of his time in the military. Thankfully, her multiple college degrees, including Registered Nursing allowed her to take care of us well.

@byronnlangley

Ай бұрын

That’s nice but that perfect credit will get you 10% interest rate these days instead of 18% . Stay out of debt that’s the key

There was a comment on another channel (about air conditioning) where people were talking about calling out a/c techs for a minor problem. One a/c tech chimed in and said "I don't go out the door for less than $300". As far as I'm concerned he can stay in his house. I had a problem with the a/c not coming on the day before a hurricane in Florida. NONE of the "big advertisement " boys were willing to come out, even if I was a regular customer. I called a small business ac tech about 5 miles away, told him my problem and he said "I got one more shutter to put up and I can come over". He came over and had it running in 15 minutes by resetting the float switch. Charged me $50, I gladly gave him a hundred$ and my thanks for saving me.

@cherylT321

Ай бұрын

Awesome!

@danbooher5843

Ай бұрын

God saved me.

@user-tp6xk3uu5y

Ай бұрын

Your the man....l am sure he appreciated the gesture

@casualagent7250

Ай бұрын

Bless you for giving him a hundred 👍

@picklerix6162

Ай бұрын

The government is squeezing everybody, including HVAC companies. Maybe the Supreme Court ruling overturning Chevron, which prevents government bureaucrats from enacting their own policies due to ambiguous laws enacted by Congress. It removes power from unelected bureaucrats who cannot be normally replaced through the ballot box.

My dishwasher wouldn't start the other day. I called Best Buy cuz I had their warranty. They quoted $99 to come out and look at it. My warranty only gave me 10% off! I was so mad that I took it apart and fixed it--it was a loose cable.

@polinagoldenberg9655

Ай бұрын

Best buy is terrible. I boycott them and have for years now.

@picklerix6162

Ай бұрын

Smart people know how to fix things.

@jimbr579

Ай бұрын

The Geek Squad said they couldn’t fix my laptop said I needed to buy a new one. Illegal alien fixed it for $30.

@redfo3009

Ай бұрын

Most things can be fixed by fiddling around and finding out what's wrong yourself. 😊 I bet it was very satisfying fixing to yourself and you're better for it

@cheesecakefan4880

Ай бұрын

I had to repair a swamp cooler on the roof with our 17yo son. Im 57yo F We did it because no one would come and the hubby is on road for work. Working fine now

Growing up in the '80s, a retail space was never left vacant for long. Now abandoned retail is everywhere. Change is inevitable, but this seems a depressing way to experience it.

@armandoruiz2089

Ай бұрын

We're. Did. U. Live. In. The. 80s. I. Lived. In. Los. Angeles. Downtown. 😮😮

@derekbilly4784

Ай бұрын

Our country is headed to 4th road

@LadyPenelope

Ай бұрын

The retail bubble has blown up. This was expected from all the retail footage that was built in the 80's.

@globallanguagemusic

Ай бұрын

Please share this perspective, no answers needed, no yes or no, just let these words be seen, everywhere, NOW....Go!!

@nylady36

Ай бұрын

😢Moth. I luliym the v

We need to start manufacturing things here at home again!!

@usd25674

Ай бұрын

Yeppers

@Wookierabbit

Ай бұрын

Too much regulation and zoning. Math needs to work and need to have people ambitious enough to do it.

@christopheryoungbeck8837

Ай бұрын

​@@Wookierabbit then cut regulation

Ай бұрын

We can't afford the labor ..children in China work so much cheaper

@truthseeker1959

Ай бұрын

We can, if CEO pay was brought down to levels reflecting reality.

The US economy is collapsing. Inflation has killed it. Wages haven't kept up. Since the pandemic people learned to do with less. No government chearleeding will make that change. The push to a temporary workforce and a leasing economy has backfired.

@petebusch9069

Ай бұрын

Private equity killed it, go watch some video's.

@JoesIceCreamCone

Ай бұрын

@@petebusch9069let’s not forget potato brain!

@petebusch9069

Ай бұрын

@@JoesIceCreamCone He allowed it.

@karenkoe7096

Ай бұрын

@@petebusch9069 Elaborate...how might he have stopped it?

@willp.8120

29 күн бұрын

This was intentionally orchestrated. None of this happened by pure chance.

Retailer stores are closing….economy is bad, but Amazon is still shipping things out that people don’t need everyday.

@Scorpio1060-

Ай бұрын

Record breaking travel numbers this summer, sounds like a lot of people have disposable income. That doesn’t happen in a bad economy.

@daliaa5294

Ай бұрын

@@Scorpio1060-they are using credit cards

@ScottBradley-gn2rd

Ай бұрын

​@@Scorpio1060-they probably traveling out because they want to... not because they have a lot of money

@ji-wonseong1623

Ай бұрын

@@Scorpio1060- That does not mean the economy is good- that is consumer spending. If consumers are excess spending, that creates more debt. American consumer debt is higher than ever!

@jwill540

Ай бұрын

​@@Scorpio1060- probably counting the invaders that are being dispersed throught the country.

All by design, people.

@usd25674

Ай бұрын

So true, lot of people are still not picking up on that fact .

@ageless1003

Ай бұрын

Get them into the daily struggles of life so much that they forget about the bigger picture.

@welshhibby

Ай бұрын

“You will own nothing and be happy”

@billya3628

Ай бұрын

@@usd25674 It seems Michael is one of them.

@blackworldtraveler3711

Ай бұрын

Retiring debt free and FIRE in my 40s was by design.

Inflation, housing costs and insurance has largely destroyed all disposable income. So, nothing left for the restaurant industry.

@lindajohnson.

Ай бұрын

How America has changed with inflation, our tax $$$ going for wars and illegals ( more come everyday)…Our country is broke.😢

@JohnShalamskas

Ай бұрын

@@lindajohnson. Worse than broke, deeply in debt across the board.

@reasonablespeculation3893

Ай бұрын

Everybody loves Cheap money and Govmnt stimulus. Few understand the consequences. Then the money printer stops, and soon prices catch up with the extra dollars.... All of your dollars are suddenly worth less. Your savings are worth less. Assets and services cost more dollars, because of the inflated dollar supply. Each dollar buys less.

@ResourceRentals

Ай бұрын

“You will own nothing and be happy” - WEF by 2030

@jwdory

Ай бұрын

@@not_nostradamus683 Bidenomics, a.k.a. Technocratic Socialism, is destroying our country.

This is the first time in many years that I did not hear very many fireworks blowing off. Usually, I hear them going off for a few days before and a few days after the 4th, This year the noise was down at least 90%. Maybe that was a benefit of the lousy economy, people are not pissing away their money on useless things.

@rosebuddanielle967

Ай бұрын

I went to our local fireworks stand in NE Washington to get a few fireworks for the grandkids to watch. The Family Pack which used to cost $25.99 last year, now cost $45.99 for the same pack. Needless to say I didn't buy it! Outrageous inflation!

@prd004.2

Ай бұрын

Same here, in fact it’s silent tonight

@tbugher62

Ай бұрын

10x more fireworks this year in Las Vegas,Nevada. So I guess people here are not to worried about spending money on stupid stuff.

@BillyJeen

Ай бұрын

@@tbugher62 I’m in the Bay Area, CA. No shortage of fireworks popping off here.

@diedonner299

Ай бұрын

Ditto for Miami, they started early this year and are still going off today.

FYI- Bobs discount furniture and Bobs stores 2 different companies

@henryburness3580

Ай бұрын

Thank you

Hey Michael. Actually went shopping today and stopped by my local Best Buy. It looked like the store was closing. No stock, empty shelves, empty isles, a huge section in the middle of the store with open box specials because of returns. It was so depressing! 😱

@taroman7100

Ай бұрын

Best Buy was cool before the chip was invented. I remember all the TV,s DVR's CD's it was fun. Technology is putting people out of work.

@MisterPompey

Ай бұрын

Obama 3.0

@danalmont8340

Ай бұрын

What happened to CompUSA?

@mikesrandomvideos

Ай бұрын

They are next.

@rochelletheriault650

Ай бұрын

I went to Best Buy to purchase a toaster. They were charging $100 for a little toaster. Ridiculous.

We wish the government would close their doors

@chrislindsay3104

Ай бұрын

Me, too. But 70,000 new gov't jobs in June is TRIPLE the prior month! That's 70,000 out of 206,000 new jobs that month.

@mauri001j

Ай бұрын

@@chrislindsay3104 the government gets bigger and bigger, on our dime

@gabyfields3235

Ай бұрын

Okay, then don't vote for any politicians, including Trump, please

@Impozalla

Ай бұрын

Then live off the grid.

@timr31908

Ай бұрын

​@@drc3powhat kind of dream pills are you taking. You must be a cop

Sorry to hear, I'm 69 and grew up in MA and I shopped at Bob's for years! Sign of the coming times.

@mikesrandomvideos

Ай бұрын

wont be long they will start dropping like flies.

@benton-benton

Ай бұрын

Bob's is coming to Reynoldsburg Ohio and Polaris in Delaware county Ohio. Maybe Bob sold out? Or he felt like relocating? Is Bob's inexpensive?

@usd25674

Ай бұрын

@@mikesrandomvideos Yep

@dp.7616

Ай бұрын

Christmas tree shop , bed bath beyond,papa Gino's,Chicago uno ,sears,friendlys...all gone!

@karenkoe7096

29 күн бұрын

Retailers close virtually every year and the sky has not fallen yet.

BOYCOT THE ECONOMY! All of this is designed to strain every last dime from the bottom 99.999%. It is time to take back control! SAVE! DO. NOT. TAKE. OUT. LOANS!

@d0loresh4ze11

Ай бұрын

💯

@JohnShalamskas

Ай бұрын

Do not entrust your money to a bank. It will be stolen from you.

@sammyyourmammy8170

Ай бұрын

you are right - SAVE, but dont keep it in the bank or you will lose it when the banks fail.....

@ResourceRentals

Ай бұрын

Shop local? No chain stores. If small businesses grow they can hire the people let go from corporations with CEOs making 100% (I’ve learned 3000%) more than the bottom workers

@scc12321

Ай бұрын

@@sammyyourmammy8170yes ma’am 🫡

Our country is morphing into some unknown work situation for the lower working class . Just think of all the Malls and stores that have already closed in the past ten years ..now get ready for what is next . Who knows , but it just is certainly not going to lead to more jobs for the underclass who has no real trade skills or Technical training .This is world wide . Not just here .

@jkmarshall3553

Ай бұрын

But more undocumented immigration should help, right?! 😵‍💫

@southothehighway

Ай бұрын

We built WAY too many stores from the 60's to the 90's. Amazon is forcing the big shakeout.

@Alioops73

Ай бұрын

Elysium. Mars didn’t seem to work out. The islands are the yatch dwellers’ places. The lower 48 will mirror a ma d m ax.

@roxyrockster

Ай бұрын

@@jkmarshall3553 I work at an apt complex. We get delivery people every day delivering for Amazon. 4 out of 5 of the delivery people speak no English. I mean NO English. Their phones translate for them. I don't use Amazon, probably never will. Not that I'm anti anyone. However a person ought to know the language. I heard Amazon was able to fast forward citizenship, or maybe work visa? If that is true...that's not good. I have worked with people who have been going through the legal process for years and at great expense, to become citizens. They get no hand outs no freebies and pay taxes and are very proud to become citizens. AND they know and speak English. Not a fan of what's going on at the borders.

@karenkoe7096

29 күн бұрын

In our area anyone that lost their retail job can certainly find work in a warehouse that serves the online shopping world. In other words, the retain jobs have shifted to warehouse work not gone away.

Many business owners I know talked about "going Galt" in 2008-2009. Now they've had another decade of income and they're actually nearing retirement age. I fully expect many of these people's businesses to close now rather than fight through another tough cycle and risk what they've accumulated.

@danbooher5843

Ай бұрын

WTH is Galt ?

@jens8383

Ай бұрын

John Galt from Atlas shrugged by Ann Rand??

@mowtivatedmechanic1172

Ай бұрын

@@danbooher5843it essentially means that wealthy or highly productive people quitting and letting society crumble. All that will be left in society will be consumers, no producers left.

New jobs are mostly government jobs So our taxes pay those salaries

@GenghisKhan311

Ай бұрын

Government worker's are the reason this country is 34 trillion in debt. They are societies burden

@mikesrandomvideos

Ай бұрын

with borrowed dollars too. Great ideas!!!!

@4hoofs4ever

Ай бұрын

We also pay the salaries for Zelensky, his wife, his cabinet and some retirement pensions. Always have money for Ukraine and Israel.

@Seraphim_Belisarius

Ай бұрын

@@mikesrandomvideos And those government employees also pay taxes, lol, so they pay themselves as well 🤣 Uncle Sam….

@dantheman6607

Ай бұрын

No they’re not its health care, retail, tech

Honestly, a vacation within a couple hrs from home is an easy cash weekend get away. Airbnb is nice but there's campgrounds too. Relaxing without excess travel plans.

@redleo380

Ай бұрын

Gotta get a reservation for the camping spot. Not as easy as you'd like to think.

@JFEnterprize

Ай бұрын

@@redleo380yep. Basically weekend trailer parks imo 😂🎉 id rather pay a farmer to go out on their land to camp then in a campground. 😢 they crammed so many spots in them by me it’s rediculous. 😮 maybe elsewhere you still get reasonable privacy 🤷‍♂️ my ex’s dad lived in rural Idaho. He thought it was insane to pay to camp. Which does make sense 🤔

@Have.An.AmicoDay

Ай бұрын

Id stay with a relative in a different city... better yet if its in the country... get or bring an inflatable mattress

@cheesecakefan4880

Ай бұрын

Airbnb should be called FEE bnb Its ridiculous Fee for hot tub Fee for grill Fee for cleaning Host fee Argggggh😮

@googleuser868

Ай бұрын

We do short 2 or 3 day trips and camp in the car. Rest areas in secluded areas when the night time temps are comfortable without air. Cooler and snack bag and we roll. Traveling light short term is cheap fun.

A lot of stores in my small town are closing, all that will be left soon is walmart. I want to leave but our mortgage is lower than the rent prices! Why would I give up a $1000 mortgage for $2000 rent. Life seems so backwards anymore

@sammythompson3694

Ай бұрын

You got beat my mortgage is 397 including taxes and insurance.

@southothehighway

Ай бұрын

Remember Gimbel's, A&S, Wanamaker's, S. Klein's, Time Square Stores, Friendly Frost, Barney's,Robert Hall Clothing? Sears? Retail churn is normal.

@arioutlaw

Ай бұрын

@southothehighway I get that, but when you're in a small town it sucks when walmart is the only store to buy things from

@edwinjewell5359

Ай бұрын

Amazon takes jobs away in the long run it's a curse to the economy

@NYDBLoCK

Ай бұрын

@@sammythompson3694 What do you have a 1/2 Br 1/2 Bathroom in Arkansas?

Most of us are Working everyday!

@marty906

Ай бұрын

On my day off I'm fixing my a/c, doing laundry, burning garbage, cleaning house, fixing small kitchen items, washing dishes / cleaning kitchen, cooking, mowing grass... got to go...

@thedadyouneverhadchannel3544

Ай бұрын

No only about 40% of us are do actual real value creating work.

@deborahcaldwell9775

Ай бұрын

@trumplady4933…???

@JuniperTreeee

Ай бұрын

​@@marty906 I hear ya . Sending shared chore get it done vibez

@jwdory

Ай бұрын

@@trumplady4933 We have to work two or three jobs to make ends meet under Bidenomics... F!J!B!

Charter/Spectrum did this to themselves. Big missed opportunity to keep the people who weren’t reliant on streaming. Every single month they go/went up exponentially on the bill. They suck!

@jbeav3902

Ай бұрын

Spectrum sucks

@debrameyer1125

Ай бұрын

Spectrum thinks people are made of money.

@giselawatson2203

Ай бұрын

I bought an antenna…$24. Works great, 54 channels

@HappierHeadstones

Ай бұрын

@@giselawatson2203 Yeap! One time fee!

@timothyhobbs5256

Ай бұрын

Yup, we cancelled them years ago.

There's a bright side to all these American fast food restaurants closing. It might cause people to learn how to cook real food at home leaving out all the salt,sugar, and other additives in the American processed foods. I remember going to Applebys once and ordering something that had so much salt I couldn't eat it.

People are now more frugal. It’s almost like something instinctively; it's like you can smell it in the air: there’s an upcoming recession/depression. I was having a conversation with a friend and colleague and we both said the same thing at the same time, we got a bonus, and we both said we’re saving it. Also, the credit limits have been reached, so people are also spending less.

@PerlGirl-xc8kb

Ай бұрын

Being frugal is a good thing….

@andie__moore

Ай бұрын

Agreed. I’m in Miami and hearing about more friends buying press-on nails ($8) instead of getting manicures ($40-60). And I don’t think it’s because they’re being “smart,” I think it’s a necessity. A great life- lesson on frugality and cutting corners, definitely.

@analyticalhabitrails9857

Ай бұрын

All I know woman, putting all that make up is ugly. The natural look is the trend. All those who put on make up probably hiding their face. We're keeping an eye out on yall.

@irocksup123

Ай бұрын

That’s true for most. The amount of theft from people that maybe wouldn’t before is going up. There’s a reason stores are shutting down self checkouts. They’re theft funnels

@andie__moore

Ай бұрын

@@analyticalhabitrails9857 thanks so much

Always entertained by your content, it's awesome!

It's amazing how one person and one party can create such chaos causing businesses to close.

@cherylanbrooks5829

26 күн бұрын

Yes Jeff Bezos and Amazon

I’m 52. Maybe went on 2 vacations with my parents growing up. My husband and I travel very well as adults bc he travels for work and we use points and miles for our getaways. I consider myself very lucky. We also live nicely, he’s self employed in the medical field. No children. I can see how everyone is tightening up their belts over the past 3 yrs. It’s only going to get worse unfortunately.

@networth00

Ай бұрын

I think it would be a sad life to be 52yo and no kids. I live my life for my kids... 53yo male here.

@cherylT321

Ай бұрын

@@networth00 I’m in my 50’s and I am kid free; I’m loving it, wouldn’t change a thing!

@princessunicorn669

Ай бұрын

Have no fear. Your worries are now Over!!! I am looking to become adopted soon. At 58 years young…I am practically still just a baby fresh from my Momma’s womb. Please let me know asap. Incidentally I love traveling vacations (big mega hugs)🥰

@markadler8968

Ай бұрын

@@networth00 Needlessly shaming childless people beyond petty.

@alexanderslawncare

Ай бұрын

Unless medically unable,you should have kids.

🎉🎉🎉 I actually feel kind of bad for the people who bought my restaurant about 2 years ago 😢. But they have a corporation that owns about 17-18 other restaurants and they have a partner who is a multi millionaire. But I just can’t see how they are actually making money 💵 during these hard times. On the other hand,,, I’m so happy that I did sell when I did. I still have “Restaurant Nightmares” about how everything can go to Heck so fast ❗️being a restaurant owner is one of the most difficult jobs ever. Thank you Michael 🙏. Blessings,Carlos ✝️🙏❤️😊🇺🇸

@kookietherapy9398

Ай бұрын

Any business dealing w Food Products is a nightmare.

@GR-ju4db

Ай бұрын

People think PTSD only relates to war veterans and such, but I have had nightmares of a previous stressful job almost a decade after I worked there! Owning a business can be super stressful!

@SirCarlosMusicBMI

Ай бұрын

@@GR-ju4db WOW 😯❗️ This is the first time I’ve ever heard this regarding a job. You have no idea how normal you made me feel with that. I woke up screaming and shouting at some nightmare employees that night of my very bad nightmares. Thank you so much for sharing this with me. I truly go through hell some nights because of this. I owned and operated 2 full service restaurants and the last one I sold about 2 years ago.. (I’ve had some awesome fun times at certain points but by doing this for over 32 years, I’ve gathered some nightmare memories) Now I know where to mentally place these terrible nightmares and I thank you very much for that. Blessings,Carlos ✝️🙏❤️😊🇺🇸

@debbiec6216

Ай бұрын

especially now . people better off sitting still , and see how this plays out .

@hrhtreeoflife4815

Ай бұрын

​@debbiec6216 Q Stock up on everything 3x to 10x everything. Sit quietly 🤫 😌. Relax. Q❤

Amazon is taking over.

Michael .. telling the facts doesn’t register with some people when they don’t see it affecting THEM or the people they associate with .. that’s just how it is

@IP0Monsturd

Ай бұрын

Even during the Great Depression a lot of people still had jobs. Not everyone was a hobo riding the rails.

@blackworldtraveler3711

Ай бұрын

That’s that crabs in the barrel mentality. Many weren’t sheep like the majority of people living beyond their means with debt spending money they don’t have. Keeping up with the Joneses,new cars,too big of home,too many kids,HELOCs,home loans,no saving/investing,etc.. This stuff registered with me back in the 80s and why I have no issues.

@karenkoe7096

29 күн бұрын

The guy is playing you. He is living off of searching the news for stories he can turn into negative videos and posting on KZread. He and others have been doing it for years and his audience (who really love it all the gloom and doom) eats it up. These guys have learned negativity sells and live well off of it.

@willp.8120

29 күн бұрын

The Great Depression is weak compared to what is likely coming. That Great Depression has been so overrated to make us think, "but it could be so much worse. Look at all the starving people and bread lines during the Great Depression". Essentially to make us feel that what is happening now isn't bad. ​@@IP0Monsturd

If your toe is broke or injuries. Tape the the toe next to it. Going to ER is not worth it. They are only going to buddy tape your toe and tell you to wear a well supported foot wear eg shoe. T

@s99614

Ай бұрын

You forgot to mention the ER bill.

@TrutherOne-xv8nr7yj3e

Ай бұрын

You forgot to mention the 5 hour waiting to be seen ... if your not unconscious.

@TheGreg1010

Ай бұрын

ER Bill 3500 dolllars?😂

@dennyfie

Ай бұрын

You're so correct, I have broke toes a few times and a nurse told me when I was a kid to do that,she said that's all they will do

Michael stop explaining yourself and reasoning, we already know you’re the best

We are kinda heading towards what happened with Japan where people just stopped spending which caused stagnation

@JBoy340a

Ай бұрын

Nope. People will continue to spend. Just not in stores. Online is so much easier and no crowds.

@blackworldtraveler3711

Ай бұрын

@@JBoy340a Many in the U.S. scared because they are used to spending money they don’t have on nonsense living beyond means and keeping up with the Joneses.

Stopped spending. Only buy necessities.

The Bank that was providing liquidity to Bob's Stores, decided it was to risky and they couldn't find another bank willing to float the money to buy inventory. 150 employees out of work.

No, we didn’t have higher wages compared to prices, in 70-80s. It was blasted hard to be a young person trying to get a start back then too, Lived it. We didn’t expect our first home to be our “Forever Home” like many young people today. We learned to do without, scrimp & save. Accepted that the best of everything wasn’t in our budget. It was hard, but it did build character.

For all the people who are talking about Amazon it's unfortunate that you don't look into a little bit because with little effort you'd come to realize that they are the highest reseller of stolen goods... You're helping the retail theft problem every time you use Amazon..

@Healingandchoices

Ай бұрын

I recall when trying to sign up as a seller, there was a pat of it they wanted me to...video interview for so called identity reasons. I wasn't comfortable with that at all, and soon learned they made some facial recognition software. Really uncomfortable with that. Apparently, only SOME of us do they wish to map our faces.

@irocksup123

Ай бұрын

Most of it is cheap knock offs. There’s lots of the exact same things with a different company name attached

@blackworldtraveler3711

Ай бұрын

If you don’t know how to shop on Amazon just shop elsewhere.

The interest rate wasn’t raised high enough! In the late 70 s early 80 s. A home mortgage loan was 10 to 20 percent with 20 percent down!!

@johncorson6599

Ай бұрын

True .. but federal reserve chairman Paul Volker back then knew the U.S. economy was strong enough to handle .. with the gutting of manufacturing to outsourcing by the globalists . It can’t handle it

@KorthyV2

Ай бұрын

Yeah but 2 times the average annual income also bought a house back then. There would be a great benefit of higher interest rates in relation to inflation, but realistically 90%+ of people would be completely priced out of owning any house if the did they in the current state of the housing market.

@bpb5541

Ай бұрын

Exactly and Powell is no Volker. Which means what.... we are most likely going to experience hyperinflation or worse stagflation like we have never seen. Either way we get to the same end. There is nothing that can save it at this point. We have crossed the rubricon.

@chrisalley6282

20 күн бұрын

@@bpb5541 Just like Weimar Germany. "And suddenly, without warning, for no reason whatsoever..."

Love your style, keep rocking it!

One of the major reasons all of these gigantic chain stores are closing is they are owned by corporations that do not care about the employees, the planet or the local communities they just suck money out of. The goal of corporations is to make money for the corporation.Chain store have no soul or sense of ownership from employees. . When you own hundreds of stores that all sell the same merchandise, that’s manufactured in a land by people who can not afford to live and eat. What do you think is gonna happen in the long run …I have sympathy for the employees in the stores,. Hopefully corporate greed will be blamed, not a failing economy or anything else.

@PerlGirl-xc8kb

Ай бұрын

Of course it is corporate greed!!!!!

What is a vacation? I am in the first group of generation X. A vacation is when your employer pays you that week or 2 to be on "vacation". The last time that happened for me was in 2006 before Raybestos closed the doors on us. That was the last time I was earning a "living wage" that was 17.48 an hour and real good affordable health insurance. All the living wage manufacturing jobs are gone. Even John Deer is moving to Mexico. It really can't worse when a job pays next to nothing if you can even get 1. If you are a trespassing cockroach you are probably doing great.

@lucasgaeta3403

Ай бұрын

blame the play bro, not the player. If borders were secured properly,there wb no trespassing.imho.

The bad part of small amounts getting laid off after 6 months they will be off unemployment and if no job they will be off the unemployment list.

@karenkoe7096

29 күн бұрын

There are jobs out there. If they want one they will find one.

I always appreciate the way you communicate valuable information to everyone. I’m a frequent watcher of your podcasts and I encourage you to continue how you do things. You are very much appreciated Michael so be encouraged and keep doing what you do everyday!

Only concerned with housing, food, transportation, and health right now.

@cherylanbrooks5829

26 күн бұрын

What about Democracy

Hello Michael: I don't understand how people can go on vacation. My last vacation was in 2004, & I will be honest I don't have the money. God Bless, TMP from N.J.

@Susan-id5xj

26 күн бұрын

My last vacation was in 2021.

@thomasperina2990

26 күн бұрын

@@Susan-id5xj Hello Susan. I'm glad you had a chance to get away. Hope you had fun & some relaxation 😌. God Bless & be safe.TMP from N.J.

Just remember, the Fed said they need 7% unemployment to be happy... and with our govts bad math of what our unemployment is, currently "3.5% unemployed"... we have much more misery to go! Our republic is based off of the unemployed.

@networth00

Ай бұрын

True unemployment is well over 10%.

@daisyreinacher5022

Ай бұрын

4.1 % today!

@phuchyouh7171

Ай бұрын

And inflation is around 50%​@@networth00

@robertmcgee7083

Ай бұрын

They want 7% unemployment? They should fire government employees.

@nyneegardner6235

Ай бұрын

I don't think the unemployment numbers are accurate. The way the tally that is faulty. There's no way to measure how many people have given up on finding a job that pays a living wage. And many are under employed. I doubt those people are included.

Inflation is getting bad in Australia , i notice a lot less people at the takeaways now . People are struggling with their mortgages and rent , its not looking good . The boomers are the only ones with lots of disposable income . We have record immigration atm and this is not helping with rentals and the cost of housing going up.

@willp.8120

29 күн бұрын

A combination of Agenda 2030 and the Kalergi Plan. All designed and orchestrated. It isn't organic happenings.

There's a difference between being negative and being real. In my travels to discover the truth, Michael helps.

@sittuof2313

Ай бұрын

These days being real is slammed as being negative and will get you the label of "hater".

@karenkoe7096

29 күн бұрын

@@sittuof2313 He is making a living fear mongering.

Buying from brick and mortar is the 20th century way, it’s like the toll booth collector, it’s never coming back.

@petebusch9069

Ай бұрын

BS, its going to come back in a huge way once people figure out anything mainstream is just bad.

@marblox9300

29 күн бұрын

@@petebusch9069 Nope, he is right.

@petebusch9069

29 күн бұрын

@@marblox9300 Nope, this is setting the stage for small business to thrive. Everyone is sick of the giants and are looking elsewhere. You act as though its impossible for them to fall.

@Scorpio1060-

28 күн бұрын

@@petebusch9069 The work from home culture destroyed commercial areas, including restaurants and shops, it’s also the cause for skyrocketing home prices all across the country. Shopping on line eliminated department stores. Any business will succeed and be profitable if they provide a service people want.

I just love this channel. Good information. Good insight. This is like economy 101 and should be shown to every high schooler. I literally watch every video

Compared to most industrialized nations, the USA has almost four times the retail store space per 100,000 population as most other nations. A retail apocalypse is happening. The recession and the pandemic are speeding it up.

@InnanetSlatt

Ай бұрын

This is a cause of car-dependence and urban sprawl. Online shopping was always going to kill small-medium retailers, a shaky economy is only quickening it.

I live near the Toyota plant in Indiana and just found out that they are shut down for the month of July

Imagine finding your lost $200, Bob’s gift card that you forgot about. Better use it fast

@JFEnterprize

Ай бұрын

Gotta chew up the rei one I got 😮 we found some old “childs world” ones after my parents passed. Was the original toys r us in the early 90’s. At least in the northeast.

@JFEnterprize

Ай бұрын

Had a bobs in our town forever. Noticed last few years it’s gone 😢

@willp.8120

29 күн бұрын

​@@JFEnterprize Lionel Play world here in the South before Toys R Us in the 80s.

@JFEnterprize

29 күн бұрын

@@willp.8120 was prob half a dozen descent family owned stores prior to toys-R-Us took over.

Feel better soon Michael; best thing is to stay off your foot for awhile. It's sad to hear of businesses closing; and even sadder the fact, people will be out a job. 😔

You need to investigate and do a video on how much all the job numbers and gdp have been revised. It is pretty eye opening.

I think most businesses are in trouble because of taking to much debt, instead of stacking precious metals many choose to stack debt

@kathym6603

Ай бұрын

They also went woke. Last time I was in a best buy you could feel the woke vibes.

@pinschrunner

Ай бұрын

People live above their means

I live in a VERY popular tourist town in Northern Maine and the town is packed and cranking. I have a friend that owns a restaurant here and he says people (tourists) are still spending. We tend to get mostly peeps 20-50 and most of them are active Millennials -- off-roading, hiking, kayaking, etc.

@Resmith18SR

Ай бұрын

You're a Maine- iac? 😂

@suemurphy1730

Ай бұрын

I'm in NH's lakes region. I hope our businesses that cater to the recreational tourists - like Maine's, keep going strong. But I bet a majority of their customers are using plastic that they do not have the $$ to pay off at the end of the month. The vacations that keep on giving... accumulating debt.

@wickdfishing5630

Ай бұрын

👋 Former Maniac here!

@MistyMcCarthy-cf3kx

Ай бұрын

what town in northern Maine? I've been to Wiscasset, Camden, Boothbay Harbor, Lubec............coastal town's,but never vacaed in Northern Maine.

@georgedavis1571

Ай бұрын

Excuse me for being “old”, what in the world is a “peep”?

N. Florida, 8$ + for coffee, bagel w cream cheese at Panera's. Rip Off!

@mowtivatedmechanic1172

Ай бұрын

That actually sounds kinda normal.

the future for our children looks so bright

@s99614

Ай бұрын

Let's go Brandon!

@tobyk5149

Ай бұрын

sarcasm alert

@overthehilldill3626

29 күн бұрын

That they gotta wear shades.

Bob's furniture is famous for shelling out over priced items that are made with cheap material. You can now get better items on the internet.

@r-anne7375

Ай бұрын

@beshaxhaj2897 That's a different store. They are talking about Bobs clothing store that sells sports clothes that is closing.

@glennmorrell4907

29 күн бұрын

It may be made of cheaper materials but the furniture itself is CHEAP…

I still see plenty of people shopping but I don’t see a lot of items being purchased. Most people are going out to get a few things that are necessities.

No we didn’t have higher wages compared to prices in 70-80s. It was blasted hard to be a young person trying to get a start in the late 70s & 80s, Lived it. We didn’t expect our first home to be our “Forever Home” like young people today. We learned to do without, scrimp & save. Accepted that the best of everything wasn’t in our budget. It was hard, but it did build character.

We live in South Florida. Today my wife and I went to Walmart, Home Depot, Aldi, and Publix. All the parking lots were full and the there were plenty of shoppers in all these stores. I don’t go to malls anymore because if I need something and it’s not an emergency, I just order the item from Amazon or buy it at Costco which is ALWAYS crowded here in SF.

@networth00

Ай бұрын

I went to the ritzy mall in Boca Raton and it was packed. People were shopping at all the boutiques inside Saks Fifth Avenue; Chanel, LV, Gucci. Also, the other stores were packed. It's like everyone here is filthy rich.

@thedadyouneverhadchannel3544

Ай бұрын

Grocery places are hoppin’! Non grocery stores aren’t.

@SArlene-0916

Ай бұрын

@@networth00What ritzy mall in Boca?

@lindajohnson.

Ай бұрын

Grocery stores seem to be doing the most business. I wonder if more people are eating at home., we certainly are.😮😮😮😮

@Resmith18SR

Ай бұрын

Yes South Florida has wealthy people from all over the world visiting or living there. The thing is they are making even more money now post pandemic and the middle and lower class are getting crushed.

I keep seeing how many jobs are being created and yet, it's been over a year for me and still continue to get no responses from potential employers. Just today, the latest was about 206, 000 jobs created in June. I sure as hell would like to know where and what kinds of jobs these are. Just a bunch of bs to try and keep people spending money.

@JohnShalamskas

Ай бұрын

Government figures do not count those who are unemployed after their unemployment payments run out. And a part time bartender job counts the same a doctor. If you dig into the statistics a bit, you will find that American citizens have lost jobs while immigrants have gained approximately the same number.

@Chirita008

Ай бұрын

@@JohnShalamskas I have always said the same. And I don't understand how they don't count that, not everyone runs out to Uber or Door Dash when they lose their job or unemployment. Stupid gov't!!

@stevenpage8847

Ай бұрын

@@Chirita008 what skills do you have? Where do you live? These are factors to which you find employment.

@Chirita008

Ай бұрын

@@stevenpage8847 I live in a tourist town, so with inflation the way it is, there is nothing here that pays enough to live. I am looking to move somewhere that will appreciate my skillset.

Keep in mind we live in a society where Amazon exists. I never go to a store anymore. Amazon will have it at my doorstep either same day or next day. Cuts out the headache of shopping

@lindajohnson.

Ай бұрын

I have to shop online. The closest stores to us are 75 miles away. Nightmare traffic, too. . I don’t purchase much anymore since we are retired. I like Wayfair and have bought some things for the house. I even order from Walmart. We live in the country and it is so much easier.😮😮😮😮

@JohnShalamskas

Ай бұрын

You are giving money to a woke billionaire, and his Chinese friends.

@Scorpio1060-

Ай бұрын

Right, my head use to explode every time I had to go to multiple locations to still not find what I wanted and restaurants were always a hassle too. Home delivery is great.

@danbooher5843

Ай бұрын

Now u have the headache of returns and getting ur money back, and porch pirates. 😮

@bridgettebianca2318

Ай бұрын

@@danbooher5843 returns and refunds go along with the shopping experience; in store/ online, much rather make one trip to Kohl’s, 1 consistent minute from my home vs running to a bunch of stores. Porch Pirates? Not really a problem in my community🤷🏼‍♀️

Thanks!

@MichaelBordenaro

Ай бұрын

Thank you Robert, this is so kind of you!!

If you buy something, the lender can take it back, but the lender can't take back your "Hawaiian vacation" - those memories are yours to keep. This summer vacations are "HAVE A FUN BEFORE CHAPTER 7"!

@Serendipity_Glows

29 күн бұрын

If you run up the balances on credit cards, then try to declare bankruptcy right after, you can get in trouble with the court

sadly my families party supply business will be closing down after 90 years, obviously we are non essential and we've always known that but 90 years in cali, la, Hollywood is crazy for a lot of business, and don't blame the payrolls for this problem, it greedy corps, extremely high rents, and inflation

There was a Mod Pizza by us when we lived in Seattle. They were ok but thought it was overpriced. There was usually a decent amount of people there when we were out. Chuck E. Cheeses was always super expensive. That was a treat for birthdays and I'm not sure if you are aware but they have turned into brawl centers over the years. You can look up some of those videos. People ruined it with that alone. I think the biggest thing we are seeing is that you can't be stupid with your money now. It was much more forgiving under the previous admin with us being energy independent and the global trade thriving. Now we have conflict all over the place including shipping routes and prices reflecting that. Then with people spending less companies can't really float anymore. A shipping container from China to NY was about $2k last year. That same thing is now $8k.

Oh Michael brother, we in the end times, things will get worse. Only Jesus Christ can save us. Get ready, prepare with military food and a community that is good willed and strong in spirit. Michael, stay safe and get ready.

Mike, the why is internet competition, high rents and customer's lack of money. And despite what you hear elsewhere, do not underestimate rents.

@coryhirsh4119

Ай бұрын

There's Plenty I want to hold in my hands,check out before I buy? ( Can't do this Online?!) I have neighbor who shops Online, he has A prime top account. He told me ,( and I Quote! ) It ain't that Easy,Cheap if you return something?! Certain things, I Won't Buy Online,PERIOD!!🤔

What's busy in our area, Central Valley of California, is the estate and yard sales. The moving sales are the best, cleaning products, laundry and hand soap, etc...we grab.

I live onLong Island so many stores have closed these past couple of months and the property just sits vacant. How can the people who own the property afford this? It’s bizarre nobody is talking about the commercial real estate apocalypse!! All the TGIF, Jersey Subs type of stores are closing the only place doing real well the Bars!!! People still need to drink and socialize. Also there are no more clubs on LI also all the young kids go to the bars every night.

Pizza chains closing. Where I live there is over 1000 that some should close. A 12"pizza with 2 toppings is $20 and $8.50 delivery plus tip. So you are looking at at least $32. When I go out for pizza I go to the local bar. They make their money on beer sales. The same size pizza is only $12 no delivery fee and they don't skimp on toppings. Ad live music, pool and darts, win win. If you invest. Invest in spirit companies. They always will come out on top in a depression.

@dennistyler9852

Ай бұрын

I go after my food, no delivery.

@NrthrnKnght

29 күн бұрын

we have pizza for 7.50 take home all day..

My sister works at a military Exchange store They have cut hours this week!

@karenkoe7096

29 күн бұрын

Stores around here have cut hours because they cannot fine enough employees to staff the store.

@Jerkasoid

28 күн бұрын

Sacramento, California closed our exchange😢😢

@Joce123

28 күн бұрын

​@Jerkasoid omg.. Minot Air Force base cut hours... When people leave they are not being replaced...maternity leave guarantees a job for two months after the 6 week leave.. But not the number of hours. What a day care nightmare.

I only call local repairman and their charges are reasonable. Anyone that charges for just coming out, I advise to stay home.

@lvlv1225

Ай бұрын

Our local business for heating , ac and plumbing are being bought out by large chains but kept their old familiar names…. So people think they are using the same local business

You should see how much companies are spending on data center construction and services! It is crazy

I dropped most non-essential shopping during covid and stay loyal to one dept store for clothes and footwear. One shopper leaves they don't care - but it now appears that millions have done the same. I cannot imagine the time coming when prices are even higher. Buy an extra pair of shoes or boots before it does.

The weather is fine along the coast in S. Calif. Its been a high of 73. Nights have been in the low 60's. Inland is warm.

Starting @ Time - Stamp - 13:50. Closing a call center eliminates long-term, higher-cost employees. Starting another office and hiring new staff will lower operating costs. Companies can hire home-based remote techs to save even more. Times are a changin'

I'm glad you made this video, it reminds me of my transformation from a nobody to good home, honest wife, $75k biweekly and a good daughter full of love ❤️

@MelodiRavo

Ай бұрын

I'm inspired. Please spill some sugar about the biweekly stuff you mentioned

@christianmartinez76845

Ай бұрын

​@@MelodiRavoIt's Christina Ann Tucker doing she's changed my life. A BROKER- like her is what you need.

@christianmartinez76845

Ай бұрын

I raised 75k and Christina Ann Tucker is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Christina A. Tucker is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!

@TiphanyMarry

Ай бұрын

Wow 😱 I know her too Miss Christina Ann Tucker is a remarkable individual who has brought immense positivity and inspiration into my life.

@TiphanyMarry

Ай бұрын

I started with a miserly $1500. The results have been mind blowing I must say TBH

Thank you Michael. Appreciate your efforts to inform and you're analysis. Keep preparing people. Blessings to all.

New Jersey here! It’s extremely expensive to live in New Jersey

This empty stores everywhere it’s crazy

@eriq54321

Ай бұрын

And I still see more new retail buildings being built .

I saw this quote on another YT channel and I think it's solidly on pulse: "My company just let go 2k (15% of staff) employees yesterday, and we're relatively insulated as a payroll/workforce management company. As much as they act like the economy is doing well it's clearly shrinking. And i think after the election you're really going to see the wheels finally come off as the narrative is no longer necessary."

I had with my brother a Restaurant, sold it last week after 6,5 years because the last half year we had NO revenue

I totally agree with you Micheal. I believe there's going to be several more companies closing up for good. We need some one new for president that have creative that help the people keep their jobs and stop stimulus programs

I go online to shop at brick and mortar shops. I fill my cart with 50% off stuff and it's still $500+ so I just don't hit the buy button and save myself some money

@kathym6603

Ай бұрын

I actually know what you mean. I am trying to never use Amazon. Unless you are paying monthly for PRIME they don't want to know you. I just do an order and forget about it. It will either get here or it won't. I don't care which.

@kenchu5900

Ай бұрын

I think it depends on the stores. Some stores marked up prices so badly that even 50% off is laughable. If you could get 50% off at Walmart, I'd call it a win.

Maybe all the shoppers are vacationing all over the world in this great economy the experts talk about.

@Scorpio1060-

Ай бұрын

It’s called shopping from home, and there is record travel happening, sounds like plenty of disposable income out there.

@cheesecakefan4880

Ай бұрын

Americans from all over are in CO right now and I wish they would go back home😂😂😂

@Oldeagle66

Ай бұрын

​@@Scorpio1060- Mostly from debt, they'll learn.

WOW , Businesses NEVER go out of Business - this is earth shattering Michael ! Online shopping namely Amazon its no wonder why Brick & Mortar stores are Hurting ! Many retailers have both in store & online shopping for customers. Very easy to get what you want & for the price you want. Many online coupon helpers in my browser making it easy. Add no shipping costs that many retailers offer for things over a certain threshold - its a whole new world ! 😎🌞 So Brick & Mortar stores better offer a good service like Best Buy does have specialists that know the products really well. So 95% of the things they sell at Best Buy - that is where I'm going to check out the item I want. Even if I'm paying a little more its good to talk with the sales people there.

@JoeCosentino

Ай бұрын

Amazon sells 90% third party junk, counterfeit items, got rid of prime almost 5 years ago is there anything you really need in 2 days and on that rare occasion you do pay a couple bucks for shipping it’s a lot cheaper than the prime membership

@ag4allgood

Ай бұрын

@@JoeCosentino Amazon junk ? Well most of the things I've bought from Amazon over the years has been pretty good. If you bother to look at the reviews 1st that is a big help.

Beautiful place. So much news these days and I prefer your take on things. Take care with the toe.

People shop differently now than they did 70 and 100 years ago.

@TrutherOne-xv8nr7yj3e

Ай бұрын

Yeah, 100 years ago you could buy a lot of candy for a nickel.

@irocksup123

Ай бұрын

Heck 5 yrs ago

@snackman2005

Ай бұрын

@@irocksup123 Agreed

Businesses are empty, things are expensive. JoAnn Fabrics was empty today, the game store had 3 people in there, Michaels crafts was empty today. The only place that was busy was the grocery store. We are saving, investing, and trying to be very frugal.

@ayo9057

Ай бұрын

Retail has to deal with online competition, retail theft, higher insurance, higher wages, higher rent, it’s ugly.

@pinschrunner

Ай бұрын

Everyone is celebrating July 4th weekend with family and friends. At tye Beach, on the boat, barbequing

@andrewgleason586

Ай бұрын

@@WizardKingCorey grocery store will get all the business...

@sandblast5636

Ай бұрын

FRUGAL your standard of living is dropping like a lead balloon.

@144Donn

Ай бұрын

Today being the day after July 4th I wold not put too much stock in that

Some people just live blissfully in their heads. Give it time when the output exceeds the input. There will be a lot of embarrassed people owning a lot of money. We had hindsight, and while we could, we sold our business. If we hadn't, we would be forced to close them. We got what we put in, but that's not the idea sale when you've been open for almost 20 years. Just more empty store fronts. Im almost 70, and I've never seen it this bad. Vacations back in my day were not a need or must. We would go if we had the money, cash, and the price was reasonable. We never put a vacation on credit !

The slower walking pace works well (without the limping). We're on a cycle downturn. Inflation. High Interest Rates. Layoffs. Shops closing. High personal / household debt. $1,000 monthly car payments. Worse than 2008.

In the 1970s, new york city , former manufacturing powerhouse, had fallen into bankruptcy. Power blackouts and riots and endless crumbling buildings plagued the city. Then come the 1980s, we had higher payroll taxes imposed on boomers to pay ahead their retirements, and Reagan started borrowing from the SS trust fund to finance his wars, borrow and spend, also boomer IRA and 401k savings fueled by financial firms, stock market casino trading. The Dow back then was just 500 and suddenly started growing, seemingly forever, as 70 million boomers began saving for 40 years for their private retirements, while simultaneously paying much more into social security. The government drowned in money, and wall street drowned in money. New York rebuilt itself as a paperwork powerhouse, became a sex in the city playground for the rich rather than the nightmare ghetto it once was.

I loved going to Bobs when I lived in Connecticut. Oh, well. Most people shop on line, so tough on brick and mortar.

MOD Pizza, Red Lobster, Hooters, Walgreens, Big Lots, all closing to name a few! yeah the economy is fine. nothing to see here. 🙄

@tobyk5149

Ай бұрын

lol