I Just Got a Terrifying Text: Hell is Here and It’s Going to Get Much Worse

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  • Опубліковано 12 вер 2024
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КОМЕНТАРІ • 282

  • @bradbowles1153
    @bradbowles1153 Місяць тому +166

    Cutting interest rates isn’t going to lower my electric bill, grocery bill, car insurance, or my homeowners insurance. They all went up the past three years.

    • @stevenwalters6180
      @stevenwalters6180 Місяць тому +6

      AMEN!

    • @jimdiet8534
      @jimdiet8534 Місяць тому +8

      Correct, it means they will only increase at a lower rate going forward. The prices you see now are the lowest they will ever be.

    • @patrickrussell1888
      @patrickrussell1888 Місяць тому +2

      How about they all give us a month' break and pretend like our accounts have been reduced accordingly as if we made next month's payments.

    • @user-vx7hg3nn4v
      @user-vx7hg3nn4v Місяць тому

      yep

    • @geraldcroft9020
      @geraldcroft9020 Місяць тому +2

      And they will continue to go up with cheap interest rates. You lose federal government wins.

  • @Fastapproaching
    @Fastapproaching Місяць тому +76

    The biggest fed mistake was leaving rates at zero for 15 years

    • @markkeller9378
      @markkeller9378 Місяць тому +1

      100%

    • @cardboardboxification
      @cardboardboxification Місяць тому +2

      yes, It didn't work for Japan also

    • @DaveEPie
      @DaveEPie Місяць тому +3

      Exactly
      Yellen and Ben B were all players in that

    • @thehark6247
      @thehark6247 Місяць тому +1

      hahahahaa, i remember that , and i couldnt believe such stupidity back then.

    • @panchito808
      @panchito808 Місяць тому +3

      We NEVER recovered from 2008 and keeping rates low was not the answer

  • @ronlokk
    @ronlokk Місяць тому +137

    THIS TIME HE MIGHT BE RIGHT.

  • @davidonyx4834
    @davidonyx4834 Місяць тому +30

    I just got a terrifying text: I didn’t take the trash out last nite and now we have a full bin

  • @markfanning4735
    @markfanning4735 Місяць тому +76

    HELL IS HERE.........................NOW

    • @86753091974
      @86753091974 Місяць тому +3

      In the beginning God created the heavens and the earth. Therefore earth IS hell.

    • @Mr.boombastik420
      @Mr.boombastik420 Місяць тому +1

      Minimum wage in hell is $20 an hour ?

    • @thomasjonesiv9673
      @thomasjonesiv9673 Місяць тому +2

      You’re saying you just got married? 😂

  • @daniellee8720
    @daniellee8720 Місяць тому +8

    My witch doctor texted me that the world's ending. I am giving away my savings to buy good karma and a ticket into the great blue yonder.

  • @LaughitOff526
    @LaughitOff526 Місяць тому +60

    Sorry but you’re wrong. Joe said today, “I saved the economy!”

    • @_KarlS
      @_KarlS Місяць тому +16

      Let's Go, Brandon!

    • @robertwatkins364
      @robertwatkins364 Місяць тому +6

      Sarcasm is the best humor!

    • @Ring0--
      @Ring0-- Місяць тому +5

      The man's a genius.

    • @JSICycles
      @JSICycles Місяць тому +5

      And he never lies

    • @latiefc1
      @latiefc1 Місяць тому

      Biden's brain cells are dying at a faster rate. So take anything he says with a pinch of salt.

  • @fuzzresponder2225
    @fuzzresponder2225 Місяць тому +29

    It's still Paul Volcker time, not time to cut nothing! 🚫

    • @clausen41
      @clausen41 Місяць тому

      Don't worry. When foreign banks stop buying our debt, interest rates will be higher than the Volker era.

  • @davidcesar428
    @davidcesar428 Місяць тому +19

    If we get sucked into a major war you can forget any rate cuts coming anytime soon 😢 !

    • @ricecrash5225
      @ricecrash5225 Місяць тому

      You must mean, if we start a war. The US doesn't get sucked into them, they start them.

  • @barmstrong003
    @barmstrong003 Місяць тому +21

    The issue is that the Fed kept intrest rates low too long and printed too much money. cheap money chasing too few of good is what has caused the inflation we're seeing today. It hit the housing market way in advance. If the Fed lowers interest rates, then inflation will kick back in and we'll be in the Weimer Republic territory. We've kick the can down the road and ran out of road. So now is do we allow the market to reset, like it should have in 08', or do we debase our dollar to toilet paper. Either way we're screwed

    • @patrickrussell1888
      @patrickrussell1888 Місяць тому

      ...and the 1/2%ers/corporations controlled by a hand full has usurped Main Street assets.

    • @weirskruud
      @weirskruud Місяць тому +3

      Indeed we are

    • @mbrechenser2
      @mbrechenser2 Місяць тому

      Bitcoin is the escape hatch.

  • @gezenews
    @gezenews Місяць тому +21

    Finally Steve! The end is near!

  • @victormuscella3388
    @victormuscella3388 Місяць тому +3

    Who can afford to eat at Any restaurants, during this RECESSION? 😂

  • @FlowlikeH20-805
    @FlowlikeH20-805 Місяць тому +4

    I love how u have a monumental explosion of drama everyday somehow! Your tone and voice the same every day lol 😂😂it's omg it's over!! It was over yesterday and the day b4. Can't wait to here the omg it's over tomorrow and the next day. And or how many headlines can u come up with 😅

  • @joseco1978
    @joseco1978 Місяць тому +55

    We need a Recession. I'm glad the FED is letting the markets bubbles burst.

    • @MM-mk1cv
      @MM-mk1cv Місяць тому

      The FED is causing all of this deliberately.

    • @johnmcminnpatterson
      @johnmcminnpatterson Місяць тому +3

      You won’t like it, you’ll see.

  • @reinhard7572
    @reinhard7572 Місяць тому +12

    Slowly at first....then all at once!!!

  • @Cfass1
    @Cfass1 Місяць тому +18

    I’ll just say it *SHIT!!

  • @DKisOk
    @DKisOk Місяць тому +6

    Just do the best you can to build up your food supplies... Have a water 💦 filtration system... Get a solar generator that has a crank.. Stock up on seeds for your fresh veggies... Forget Gold and Silver... You can't Eat Gold!!!

    • @doseofsanity
      @doseofsanity Місяць тому +1

      But, come to my house with an ounce of gold and I’ll give you a cup of rice.

    • @Calicogal920
      @Calicogal920 Місяць тому +2

      And you can’t eat paper currency.
      Silver & gold will Buy you anything

  • @robertdoell4321
    @robertdoell4321 Місяць тому +31

    JESUS is Coming. Are you really ready? REPENT and Accept and Follow JESUS to be saved for Eternity.

    • @jasonwoods3384
      @jasonwoods3384 Місяць тому +5

      totally agree. This world is so busy chasing that dollar, the people are blinded

    • @heimbone1
      @heimbone1 Місяць тому

      You ain’t got nothin comin’. God does not interfere in the affairs of his creation.

    • @jasonwoods3384
      @jasonwoods3384 Місяць тому +1

      @@heimbone1 you will see soon my friend. Repent and seek Jesus Christ

  • @paulwilson1193
    @paulwilson1193 Місяць тому +8

    Sold all my stock recently, glad i did

  • @_KarlS
    @_KarlS Місяць тому +15

    BlackRock...
    ...is feeling the pain
    👏👏👏

    • @jasonwoods3384
      @jasonwoods3384 Місяць тому +5

      good

    • @patrickrussell1888
      @patrickrussell1888 Місяць тому

      I doubt it because THEY control the levers. This is exactly where they want things to be. Now they can prye oceed buying up the fire sale assets. Certain corporates excelled during WWI and WWII.

    • @Oliverhikes11
      @Oliverhikes11 Місяць тому +2

      The silver lining🎉

  • @bookzdotmedia
    @bookzdotmedia Місяць тому +11

    The sky will fall saturday

  • @flyprincess69
    @flyprincess69 Місяць тому +6

    🎉Bidenomics baby 🎉

  • @rolfsteiner8525
    @rolfsteiner8525 Місяць тому +38

    Steve ....Ypu called it...they all ribbed you . But now they realize you told them all along

    • @_KarlS
      @_KarlS Місяць тому +6

      I honestly dont see why there are so many nay-sayers in the comments. Im always surprised to see people bashing Steve. He is awesome

    • @chinchin2121
      @chinchin2121 Місяць тому

      ​​@@_KarlS I'm guessing its orchestrated by either his rivals of wall street. Because he's educating people and teaching them instead of leading people to the slaughterhouse like the finance giants love to do

    • @c.m.c2024
      @c.m.c2024 Місяць тому +2

      @@_KarlSI think he’s funny off his intro, I think that’s what most people rib on. He’s a smart dude though.

  • @SabibabyS
    @SabibabyS Місяць тому +17

    Not for the youngsters today!!! IT'S OVER M'er F'ers AND YOU'RE POOR NOW

    • @patrickrussell1888
      @patrickrussell1888 Місяць тому +2

      And then there are the youngsters from 18 to 26 (with little or no collge) who won't even try to find a job and start work at a starting wage level (like minimum wage...as if they have given up and want their parents to take care of them).

  • @NickChhagan
    @NickChhagan Місяць тому +7

    Holy Sh!t hell has arrived. Steven got it right

  • @lambroskampolis8445
    @lambroskampolis8445 Місяць тому +2

    I’m going to bed wake me up when everything is zero

  • @nickpenque7321
    @nickpenque7321 Місяць тому +2

    Fed couldn't hold it together til November!

  • @zac1375
    @zac1375 Місяць тому +10

    This is TERRIFYING! 😱

  • @andrej2321
    @andrej2321 Місяць тому +1

    We’ve been living in the most dragged out crashes, powered by ingenuity, so called experience, intelligence, negligence, and don’t mind the AI. It will also be the most painful and damaging one.

  • @cre8iveone699
    @cre8iveone699 Місяць тому +1

    The sky has fallen so many times I don't see any need to panic.

  • @Oo_Shade_oO
    @Oo_Shade_oO Місяць тому +1

    Don't worry. We survived the ascension, Nibiru, and countless astroids over the last few years alone.
    We'll be ok.
    🥰

  • @markkeller9378
    @markkeller9378 Місяць тому +3

    Im thinking these people losing jobs, may not come back after their unemployment expires. Just like 2020……..so when hiring resumes? Hell, you cant find good help now!

  • @PhilDegore
    @PhilDegore Місяць тому +2

    F'ing LARS..
    Former United States Marine...

  • @ryancoorey158
    @ryancoorey158 Місяць тому +7

    I would not reinvest. Something tells me this is not a pull back.

    • @reed13k73
      @reed13k73 Місяць тому

      Agree not a pullback, but there are always bumps along the road - I'm in reverse ETFs and a few select stocks that I think are over-shorted. Outside of that it's TLT and BIL and Cash

  • @patrickrussell1888
    @patrickrussell1888 Місяць тому +2

    If you look at the Dow Jones Industrial chart over the last five years, a loss of thirty percent would put the market correction back where it was (low 30k's) during 2018. Even then, the market was over-rated. Exuberance has ruled, ignoring history. Labor statistics showing trouble ahead.

  • @zeegydoo189
    @zeegydoo189 Місяць тому +2

    GET. OUT. NOW 😮!

  • @ZoomedOut2020
    @ZoomedOut2020 Місяць тому +3

    You’re making my 3X short on the SnP entry on July 13th look good…..
    Lay on the DOOM…..!!!!

  • @imbonkers3629
    @imbonkers3629 Місяць тому +20

    Hell is coming 😊I’m ready 😊

    • @ryancoorey158
      @ryancoorey158 Місяць тому +1

      You don't even know what you're talking about

  • @tinacraft303
    @tinacraft303 Місяць тому +16

    It all has to fall. Everything has been proped up by evil. I'd be more worried about your soul than your money.The Heavens have come to earth to clean the demonic off the earth.

  • @norrisheckwine7439
    @norrisheckwine7439 Місяць тому +11

    Lower rates for only helps the top 1% accumulate more assets with zero costs

  • @someoneout-there2165
    @someoneout-there2165 Місяць тому +2

    Biden will forget he said he was resigning after first time and will run against Kamala. 💋

  • @BlueWaterCozumel
    @BlueWaterCozumel Місяць тому +6

    Sounds like you ran into my ex wife....

  • @paulnese1090
    @paulnese1090 Місяць тому +1

    Your two most recent videos were very informative.. i always love your Fed comparison charts.

  • @donseesyourshaydim7529
    @donseesyourshaydim7529 Місяць тому +2

    He's finally right!

  • @user-pr7tk1xb3z
    @user-pr7tk1xb3z Місяць тому +2

    We been in recession nearly 2 years we going into depression

  • @crowneagle2
    @crowneagle2 Місяць тому +3

    I believe Powell knows exactly what he's doing. He needs to eradicate any memory of the term transitory. He needs to throw the banks a bone, by driving treasury rates into the basement. There was a serious lack of employees in this economy. As Powell said, the labor market needs to normalize.

    • @user-qj9nb3ku2u
      @user-qj9nb3ku2u Місяць тому

      We are normalizing the labor market by allowing millions of ILLEGALS to come in and replace American workers with low paid ILLEGALS ~ This is all "planned" by the billionaire elites running the nation. And it looks as though the economy is being productive.

  • @BGG15
    @BGG15 Місяць тому +4

    THE SKY IS FALLING!

  • @reed13k73
    @reed13k73 Місяць тому +1

    My biggest concern is the PPI/CPI prints in 2 weeks. They won't make a move until they see those numbers. If those come back at anything more than 3% I think they don't step in and make a move until the Sept meeting (if then) as they continue to hedge against inflation more than employment. The only way they move toward employment instead is if the weekly numbers start printing over 4.5 or 5% (everyone knows those are fake as they double count part timers and don't count people falling off unemployment),; if they go over 5% then they will consider putting inflation concerns on the back burner. Remember once inflation appears to be a concern the Fed will toss unemployment (historically) to a secondary concern.

  • @carossetti
    @carossetti Місяць тому +3

    Wonderful news from the Fed. No surprises here.

  • @btsweeney3640
    @btsweeney3640 Місяць тому +15

    The problem with this country is that all the woke chickens are coming home to roost.

  • @MavonEast
    @MavonEast Місяць тому

    Not even kidding, I've been having actual nightmares about this. It's going to be ugly.

  • @harrychecker5509
    @harrychecker5509 Місяць тому +1

    Congratulations at last !!

  • @samsmalle
    @samsmalle Місяць тому +4

    😱😱😱😱 Get out NOW 😱😱😱

  • @waltersheens1087
    @waltersheens1087 Місяць тому +2

    I had expected a positive titel for today's video since Steven is reporting CATASTROPHE for the last 117 days 😀

  • @Wutizgo
    @Wutizgo Місяць тому +3

    I cant believe you dont now this, but it seems like you need to know.
    The impacts of interest rates LAG!!!! Let me say it again LAG! this is why it took so long for inflation to come down. The issue with the FED is it decreases rates too late and the lag effect comes in after the damage is done.
    And yea the fed rates follow the 2 year yield because its basically demand for short term debt and what the FOMC does (buys and sells bonds)
    Recognition lag
    administrative lag
    impact lag

  • @benhayes5932
    @benhayes5932 Місяць тому

    Always behind the curve but this time it’s different. Holy sh$t!!!😂

  • @M-iy4tf
    @M-iy4tf Місяць тому +3

    The fat is not making a mistake. The Fed is giving us an opportunity.

  • @markkeller9378
    @markkeller9378 Місяць тому +1

    Isnt the September Fed meeting always held in Jackson Hole Wyoming? Stunning beauty, sky-high real estate, elites playground………from there they screw Americans.

  • @zac1375
    @zac1375 Місяць тому +3

    🙀 NOOOO!!

  • @TheTRUth375
    @TheTRUth375 Місяць тому +1

    Second person I’ve heard say it’s already too late

  • @TONYMOR
    @TONYMOR Місяць тому +1

    Some are saying UNEMP was Hurricane weather related?

  • @mattanderson6672
    @mattanderson6672 Місяць тому

    Thanks Steve

  • @mahatmadoo2566
    @mahatmadoo2566 Місяць тому +1

    Now that was an intro!

  • @zuesbenz
    @zuesbenz Місяць тому

    Claudia Sahm said because CPI is strong, Sahm rule does not apply.

  • @jpscott126
    @jpscott126 Місяць тому

    Thanks for letting us know markets will be green on Monday

  • @nopayflicks
    @nopayflicks Місяць тому +1

    Raise rates!

  • @robertlight2007
    @robertlight2007 Місяць тому

    Titanic had ‘soft’ landing; it eventually sank.

  • @larrydemonte2218
    @larrydemonte2218 Місяць тому

    I was at the local pool club and everyone was nervous about how much portfolios got hit, but they didn’t sell, they were questioning me because I didn’t get hurt because at my age, I am fully invested in bonds, of course, if the monkey gets seriously oversold, I will margin and buy stocks at sale prices, but in the meantime, what I realize is that the smart money got out these last couple of days and average retail person is still holding on on the next leg down, they are gonna puke up their stocks, cause they cannot take the pain this market is hoping for cut, but that’s going to be a negative for equities because the consumer is rolling over which will affect corporate, we just got a little taste of it last week

  • @ricecrash5225
    @ricecrash5225 Місяць тому

    They always revise down. They miss to the upside so often it feels intentional.

  • @reddelpapa2789
    @reddelpapa2789 Місяць тому

    Great. Giving yourself an out by blaming that statement on someone else. Clever. lol

  • @trebled99
    @trebled99 Місяць тому +2

    THE WHOLE WORLD IS BUSHIT.

  • @markneilson1044
    @markneilson1044 Місяць тому +1

    Now it all really is about to crash not months ago when this channel was saying it was.

  • @jogmas12
    @jogmas12 Місяць тому +2

    Listen to Steve

  • @joseco1978
    @joseco1978 Місяць тому +1

    UVXY did great today! 😎

  • @laceygrooms6653
    @laceygrooms6653 Місяць тому

    Called it right the whole way

  • @justSTUMBLEDupon
    @justSTUMBLEDupon Місяць тому

    I see not as many people joking by commenting how he is always saying “GET OUT NOW” 😂

  • @hollymartin3291
    @hollymartin3291 Місяць тому

    Ya think , what idiots , sitting here waiting for it all to collapse

  • @algocision
    @algocision Місяць тому +1

    YOU CALLED IT!! 🔥🔥🔥🔥🔥🔥🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻

  • @davidaimone5888
    @davidaimone5888 Місяць тому +3

    Funny, I got a text message today also. He said it was only a market correction. He thought the market got ahead of itself.

  • @dennmillsch
    @dennmillsch Місяць тому

    Is sh*t ever Holy ?? Such a strange phrase.

  • @MinotauroTrading
    @MinotauroTrading Місяць тому

    i can finally start up my popcorn machine!!!!!!!!!

  • @MacroMonetary
    @MacroMonetary Місяць тому

    To be fair you did call this one 👏🏼👍🏼

  • @tjherr9529
    @tjherr9529 Місяць тому +1

    All by design

  • @robertfoley-runyon7415
    @robertfoley-runyon7415 Місяць тому

    You always seem to make economic hell sound so cheery. Bye now.

  • @_BlueHorseshoe_
    @_BlueHorseshoe_ Місяць тому

    Isn't average hourly rate cut just reflecting all the mega-bucks tech job reductions?

  • @FrederickPerkins-vr1uf
    @FrederickPerkins-vr1uf Місяць тому

    The day has finally arrived, hope we can contain Steve…..

  • @frompaxamericanatofaux-pax1371
    @frompaxamericanatofaux-pax1371 Місяць тому +1

    TerriFRYING text message 😳

  • @StealthyNomadica
    @StealthyNomadica Місяць тому

    I cannot wait for the bottom to drop out!

  • @michaelwhitehead1373
    @michaelwhitehead1373 Місяць тому

    Does the retreat of treasury rates really constrict and tighten the system? That's what you said, right?

  • @rolandbraun1197
    @rolandbraun1197 Місяць тому

    The Fed always looks at the economic conditions with a rear view mirror !! It never prevents but eventually reacts !! Remember Powell explaining higher prices and inflation as 'transitory' in 2022 !! 😮

  • @latiefc1
    @latiefc1 Місяць тому

    The reason: The collective west against the rest.!!!

  • @neelsvanzyl9531
    @neelsvanzyl9531 Місяць тому

    The fed has been gone for ages.

  • @mitoz688
    @mitoz688 Місяць тому

    😂🤣holy sh..t😂😂
    Steven made the day 🤣🤣🤘😎💪

  • @joejones8810
    @joejones8810 Місяць тому

    Hell has been here since they crucified Jesus, and they haven't taken the foot off the pedal since. Eventually the sucker has to crash.

  • @hot89103
    @hot89103 Місяць тому

    These are the good Ole days.

  • @TONYMOR
    @TONYMOR Місяць тому

    UNEMP Numbers are quire low though in comparison t past crashes, despite it rising VSLOW. So is it really that bad?

  • @liquidghost7776
    @liquidghost7776 Місяць тому

    Are they really making a mistake, Bwhahahaha

  • @JohnBond777
    @JohnBond777 Місяць тому +5

    Holy guacamole

  • @kaynine31
    @kaynine31 Місяць тому +1

    Wow!

  • @russellking1924
    @russellking1924 Місяць тому

    Did anyone check the Tokyo Stock Exchange. It was down almost 6%.