U.S. Economic Event About to Happen - Mike Maloney
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- Опубліковано 12 кві 2024
- The U.S. economy is falling apart according to Mike Maloney @Goldsilver.
Contact Mike Maloney:
goldsilver.com/
#useconomy #usrecession #housingmarket
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Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.>>
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
*Monica Shawn Marti* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.>>
I searched for her full name online, found her page, and sent an email to schedule a meeting. Thank you
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - _Thomas Jefferson_
"Justice doesn't sleep forever " Thomas Jefferson.
I like Mike more and more each time I hear him. No gravely voice or high pitched screaming giving a person a stress headache and chest pains; just calm responses, easy to understand facts, and open minded suggestions regarding what has happened in the past, what's likely to happen next, and what one might want to do to prepare. Thank you.
He totally misrepresented why there is backlash in Puerto Rico about people like him being there. It’s not because they are “jealous of successful people.” It’s because the influx of Americans trying to get better tax rates has driven up prices to the point where in key areas locals can no longer afford to live there.
I’m not saying he is wrong on his reasons for leaving California, I’m saying he’s being intellectually disingenuous on his reasons for the frictions in Puerto Rico. He moved from where he was on the losing end of the economic pendulum, to where he is on the winning end (great for him)…but that means he’s putting THEM on the losing end…and they don’t like it.
you nailed it Californians are hated all over the West and now most of the US because they took their insane RE prices and blew up every market they infested - this guy is doing it to PR
The military industrial complex is such a lazy economic model. Deregulated free markets are the best way to build an economy.
Or is it actually that deregulation is what caused the problem?
Defense spending has the highest monetary velocity is not inflationary and hits every state's economy Nothing else compares as long as there are wars churning
I've been waiting for a correction to occur within the housing market so I can buy a home. However this market just keeps going up.
When did you start waiting?
In Michigan for example, there was a 25ish year waiting period between the housing downturn in the 80's due to the Savings and loans crisis and the 2008 global financial crisis. There was a decent housing downturn in some area's of CA during the Dot Com bust. I think we'll see a downturn in housing in the next few years here, because of the run up in prices in so many area's. We never had run ups in prices like this until after the mid 1990's. Also the Inventory shortage won't mean squat, when people lose theirs J.O.B.'s.
@@Jack-pd4ps waiting since 2019. Just patiently waiting for the right moment. I don't want to buy at the top of the market and then a few years down the road the bottom falls out
It depends on where you are. The crash is well underway in certain markets, like where I live (Phoenix, AZ), and has only just begun. The rest of the nation will catch up sporadically over time. Crashes take years and years. The last one was not "2008" like normies think. It ran from 2006 - 2012.
they are screwing us for decades, the Privately Owned Federal Reserve is controlling our lives...sickening...and that Vegetable in the white house needs to go
He moved because of the tax savings. Quality of life in PR is not comparable to the US. It is very doubtful these Act 60 recipients live full time in PR. Taxes are very high for PRicans living on the island, sales tax is 11.5. Affordable only to Act 60 recipients. The rest of us live on a budget.
If you're wealthy you can be better shielded from the harsh reality of the poor in a region you live at, because the government proactively protects wealthy areas, at the cost of everyone else. Apparently, richer guys have a louder voice and more influence in most cases, for better or worse.
Yet any one of those bitching about it would gladly receive the red carpet treatment if they were in Mike’s shoes. The socialist mentality is hard to break.
I’ve heard the profits or gains while being there also aren’t taxed in the income bracket as much.
Have you noticed that when rich people move into a neighborhood, prices jump up. If this is how the rich want to help poor people they would stay in the areas where they made their fortunes. I say, for myself, do me a favor and stay out of our neighborhoods. We don't need your "so called help", because we know that whatever area you touch things get worse. They either become more polluted, more expensive, or more fractured. With the kind of help that the wealthy brings to the table, most of us can do without it.
The wealthy have to pay the 11% Sales Tax too. I don't understand your logic
I would like to know what Puerto Rican residents think of "capital" coming in and raising their cost of living.
It's going to turn into a GTA online lobby.
Ask the Americans how they feel about supporting 309859476689569308697 illegals.
Same Answer.
Fake money buying everything the average people want. There is no definition of capital anymore!!! wtf up
Most likely a large percentage of the illegal immigrants coming across our open borders are coming from PR.
@@InaEsin How about the concept of Taxes being well used for the common good when you got an honest government , and badly used when the government is bad ...Instead of the cookie cutter "TAXES .... BAD". bumper sticker mentality ?
The world doesn't need either socialism or capitalism to be globalized and applied to everyone indiscriminately , alla places have different CIRCUMSTANCES that require different methods of organizing society ....The world just need BORDERS
I want to share a real story of that law that Mr Malone is trying to "sugar code" as a great thing for the Puerto Ricans locals. One of my 88 years old puerto rican aunt, whom happens to be on social security was recently evicted and threatened by one of the beneficiaries of that tax law. My 88 year old aunt receives 800 dollars a month of social security. She was renting an apartment in Cabo Rojo for 500 a month. She lived at the same place for 15 years. One day, one you of you guys, offered to buy the building and increased the rent to all occupants to 2k per month without any notice. Since they required my aunt to earn 3 times rent (6k per month) and she only made 800 a month on social security; she was "threatened" to leave the place in 30 or face legal eviction if she was not able to pay the new rent of 2k (all of this with 30 days of notice). Plus she had to leave at the end of her lease (even if she came up with the 2k per month, since she no longer qualified). My aunt ended up in the streets "homeless" at the age of 88. My cousin is also facing the same issue at a city named Bayamón. She is paying 600 for a place that is not even in a great location (Crime + drugs infected), and a crypto guy took it over and increased the rent to 1800 a month, from 600. Since My cousin does not speaks English she asked me to translate and i personally called the new landlord and told him she could not afford the increase. For my surprise the guy attitude was to laugh and told me to tell my cousin to "earn like an American" so she could afford the new rent and hanged up with an F-U attitude (My Cousin is a single mom that works as a teacher at a public school) . This is what the rican people are sick and tired of. Your entitlement and attitude that "I'm rich, i pay no taxes in your country,, while you pay 45%, so i own you". We have no problem with someone moving into our country; but if you decide to move, pay taxes like everyone else. if I move to one of the states, I'm expected to pay my taxes like every US citizen. We expect the same from you or anyone that moves to PR; PAY YOUR TAXES.
The Act was written and created by puertoRican politicians to bring in the wealthy. It has succeeded in that function.
That's terrible. I'm so sorry your aunt had to go through that. I believe in capitalism and a free market economy, but the elderly and disabled should be protected.
I thought of the same issue. Malone talks about saving millions in tax dollars, but I don’t see how that helps the Puerto Rican people or even if he gives a sh*t. Carpet bagger.
Everything the Whyte man touch, He destroyed it. He steal, kill and destroy everything.
If enough wealthy investors go to Puerto Rico to provide affordable housing, not worried about taxes and regulations holding them back too much,
there is hope that competition and supply will lower the cost of rent overtime.
Given enough success, Puerto Rico might be able to slowly but surely reverse trend without damaging the economy, by creeping up taxes on the wealthy investors, and lowering taxes on locals.
Of course, there are a lot of wild cards in play here, and the benefits of a free market helping the poor and middle class will not come immediately.
Puerto Rico is in a tricky boat entirely, due to their status as "not a state" and being a small island area, plus a lot of poverty.
Of course, all this is for naught if we don't get to the root cause of this problem: the Federal Reserve and our worldwide debt based monetary system.
This dude just made the case on why I will never go to Puerto Rico
Exactly, just to avoid running into greedy bastards like him.😂😂😂
you cant afford it ?
@@buy.to.let.britain I could buy the entire island but it's a complete shithole, so why would I?
@@Resmith18SR the only island you could buy is a granite kitchen one....
Everything is so unaffordable right now. Interest rates for a new car are at 8% and that’s even with great credit. That’s why I’m my keeping ‘06 SUV with over 310k miles forever. Ain’t no way I’m paying 60k plus 8% interest for a new vehicle with even less capabilities and reliability!
I'd love to keep my Jeep forever, but the reality is, they'll just stop making spare parts man.
You're newer than me. I have an 03 4runner that just turned 200. I considered getting a smaller car for more driving in my job with half the miles on the odometer, but the "savings" no longer justify it.
Buying a new car is a big mistake. You gotta be out of your mind to buy a "new" car.
I hate how I can’t even afford a two year old vehicle. Its ridiculous
and smaller ….. they nave been shrinking the SUV sizes
Interview someone who ain’t in the “club.” Where the rest of us live.
I agree, it's about GREED.
That will NEVER happen.
Never going to happen. Our opinions, beliefs, feelings don't matter.
yeah yeah, poor you. Envy is such a worthless emotion.
@@slowride9994 Right, everyone is so envious of Mike and you. 😂
I'm getting ready to travel from Washington ST to Florida, My trip will start on I-5 south through California I bought an auxiliary fuel tank for my truck so I can avoid the excessive high fuel prices I can travel 1300 miles before refuel texas has the very cheapest fuel during my travels
3.15 in ok. Unless ur doin alotta driving fuel cheaper down here as we are producers n refine. Ok, tx , Louisiana
Florida is a wreck...pretty but get out your pocket book
Come on down
Why not bypass (parallel) CA and travel South through Nevada and Arizona? It's the same mileage and time on the road.
He accumulated wealth in California, transplanted himself into a poor area to avoid taxes, the locals hate him and there are open daytime gun battles... 😂
So what? millions of Illegals are doing it here on the backs of taxpayers
Thousand of Americans are leaving the United States for the same reason. to preserve their wealth. Many have very little, some are on social security, and can't afford to live with the inflation and taxes anymore. They all contribute to the economy of the country they choose by renting apartments, buying food, paying for services etc. Everyone has a choice, he moved, therefore he stopped paying taxes in CA.
This is what popcorn peoples do, all around the world, America is done, so they are running here and there
Because no one wants
To be apart of the popcorn people groups.
Don't you understand, he's Mother Mike Teresa?😂😂😂
its clear you dont have the IQ needed to comprehend the topics being discussed
There is a lot more to this. If low down payments and a reduced credit score didn’t exist back in the 80’s when I bought my first home neither myself nor ANY of my peers would have ever been homeowners. Interest rates are not the problem and if I am not mistaken (I am not) they are not far off from the average over the last 3 decades. Inflated prices of EVERYTHING is the real problem along with the destruction of high paying middle income jobs. This is the result of the decline in manufacturing (NAFTA) and increase in a service based economy.
Sadly, while outsiders do not pay taxes in PR every puertorican is obligated /stocked with the huge taxes, sooooooo unfair!
That's what is happening in the USA.
You get the government you deserve - Thomas Jefferson .. change it
I'd bet he pays many many times more taxes than you do, even if it's much less that what he'd pay in Commiefornia. You little clowns are so funny. The rich end up contributing so much more money to the govt than the poor, yet the poor resent the rich all the same. Without the rich, your govt would only have YOU to get funds from and since you don't have much, how does that help your govt's coffers?
PR is a net drain on the federal govt. You don't collect enough tax to even cover your own expenses. US is paying for you.
Puerto Rico has been taken advantage of for years. They try to bring in big business to gentrify/develop the country, but it just comes out as a tax haven.
Very impressive guy talking, if only more people were like him. Love what he is doing and I wish him all the luck in the world.
Fair warning, if you raise the cost of living too high, locals will risk everything to take it from you (property owner). If you put locals in a situation where they have nothing left to lose, i guarantee they'll get violent pretty fast, we have cop killers too, the law enforcement in puerto rico is a joke and everyone talks about it.
Go ahead and raise the rents to thousands of dollars, either you'll be forced to lower it because you wont find tenants, or you'll be leaving because of constant raids (yes, raids) from enraged locals already pushed to their limits, just like South Africa.
Here in the USa that won't happen cuz 304s wouldn't do anything unless it raised their social status or got her Chad c*** and men are too isolated and don't group up as a community cuz were all so broken purposeless hopeless and apathetic to this gynocentric s***hole
@@HisCoconutGun weak men like fake strong men
Raids are not the answer, compitition is, when prices are high build more house. When food is to expensive grow more. Its is so sad how the schools fail to teach supply and demand. Entire generation and countries stay poor becase they think things should just be given to them from goverments rather than competing to make better stuff for less. Even china was very poor once but they make some many things now they have one of the best quality of life on the planet.
ok chico....
Who are you talking to? The rich don't care. They have guns and/or bodyguards.
Corporate business is the problem. They have become monopolies and killed off many small businesses. Once they own everything, they set the prices and hold government to ransom.
If they become a monopoly the government can and will break them up.
It happened to Ma Bell
Yes, that’s true however I have lived long enough to have seem business that was once viable die on the vine.
Kodak.
GE
Ma Bell
IBM
Mostly because they miss the changes of society and fall by the wayside
Apple could be one
TESLA as well
Corporate monopolies follow the instructions of WEF & UN
Rag to riches and then riches to rags again... same for corporations. People and businesses have live for thousand and thousands of years yet there is not this own everything.
While not disagreeing with you, I think you have this slightly backwards. Some corporate businesses bribed, bought off and/or extorted government into giving them favors and/or creating barriers for their competition... which is how they became monopolies in the first place... who now still own those politicians.
In many cases, the politician IS their own guy from the git-go.
This is why the Founders didn't want the Federal government to have much power at all. Too easy to buy less than 600 people in DC.
We are getting poorer precisely because a narrow elite has organized society for their own benefit at the expense of the vast mass of people. Political power has been narrowly concentrated, and has been used to create great wealth for those who possess it.
Yes, unfortunately Mike qualifies as one of them, he’s not evil but probably selfish. Society has to address it.
Cheap made products cost more per year to own. Take a TV from the 1980s-1990's, you spent $700ish depending on model, but they lasted 15-20 years.
1:12:59 great info thank you, i have a question once i have material silver coins with me and silver goes up in price where can i sellit in hard times?
Well I can say for sure that my husband and I paid about 1/4 of our income to taxes in 2023 between federal income, social security, Medicare, property taxes and local/sales taxes in Texas. Here in Houston they are also telling us we may need to start paying $40 a month extra for trash pick up, our utilities have gone up, our insurance has gone up, we have to send our kids to private school because the public schools are SO poorly rated and tuition has gone up, groceries up, gas is up ... #exhausted
I believe this is all by design and I call it a "silent depression" on the middle class and lower middle class.
We moved to Brenham to get a break from Harris County’s property taxes, the water bills went from being $40 a month to $200 over the span of 10 years. Private school in Brenham is $600 a month per kid vs $1200 a month. Moving out this way has been a respite for our whole family.
All Gov "punishes success and rewards failure." It's an analog system in a digital era. I refuse to participate until everything in "gov" is a la cart. I have closed all my businesses in the US and sold all my assets and am looking for a place that rewards success and honors and protects entrepreneurs.
You’re not wrong, but haven’t you accumulated wealth from those assets and businesses you sold/closed? I haven’t heard of anyone declaring any other country as a better place to do business (as an entrepreneur)?
there is no such place.
Thanks for this interview and your channel. In gratitude🙏🏻
1 percent tax for mental health … being in Cali it is absolutely necessary.
I am a historian of CA I was born in san Jose. I became a carpenter in 1964 and worked on commercial and custom houses all over the bay area.. I bought a lot in 1971 3 acres for 7500 I got the permit in 2 weeks for 800 dollars today I am consulting on building a house on 5 acres near my house... The permit will cost 80 000 and we applied 2 years ago and still don';t have it. the cost of compliance and regulations will add another 300 000 My property tax was 1200 when I die my property tax will go to 35000 It is gov that is evil and the people of CA can no longer afford the gov About 1980 I became involved in forclosures so I closely watched that market In 1980 there were about 15 new forclosures a week In 2009 that went up to 200 new foreclosures a week Millions were lost
Thank you well said
Yes! Agreed…I went to Campbell high school and in the 60s life was good! What happened?
@@danbartstow9829 Did you know Craig Morton or Bob Berry
@@user-vb8yf8be3l Sorry no…I’m 62..Maybe a different age group..
Lol I'm not sure if this guy actually broke open an electronic since the 1990s. The quality of electronics & technology from China has increase significantly where no country can compete. Adults in the 1990s are now 60-80s. The new gen can't even solder two metal together, let alone a chip to a PCB. Those thinking a machine can do it, well then it can be done in Africa or India. Why would companies need to move to America?
Great channel thank you 4 the information
I have stopped banking and using companies that are “partners”.
I have also looked through the nearly 77 pages of “graduates”. Take a look at who they are, what companies they work for, what political positions they are in…around the world!
@denel6 Hi, interesting comment. Where would I find the 77 pages of graduates? Did you stop banking altogether, or just with partners? I'd like to check this out. Thanks!
Thank you.
I disagree that the ruling clas is well intentioned. Their intention is to gain Power and exercise it in perpetuity. A famous Demigarch turned to me when we were seated together on a military bus in Berlin snd said, "Power! I love it!"
Oh my gosh, this is awesome. This popped up and played while I was sleeping... And it got my attention quickly. And here I am. About to subscribe. Thank you. Wow!!! Plain truth is a beautiful thing.💯🔥💥🎇🎆. Prayers from Southern California for everyone here, and our Country. USA ALL DAY! My 3-caps, 3-letter, 3-word phrase.
I have followed Mike for over 14 years agree 99%. Love the off grid project now the one percent difference give up the battery vehicles go diesel and try to stay simple on choice. Study how the Amish live I so respect their off grid abilities
It would be helpful if you could index these. I don't have an hour an a half to sift through to get the gist of this
Love your show.
Open eye and and great information.
We’re in a big trouble.
I see it coming.
Regarding the Great Reset...will all residential mortgages with loan balances be at risk?...or only the ones which are unpaid/in default? {Thinking of David's free and clear car example}. And Question 2 - is a free and clear home/paid off mortgage at risk in any way? Thank you in advance.
I'm thrilled he talked about Permaculture!
There were a few times during this vid where I felt I was listening to Arlo Guthrie’s “Alice’s Restaurant”. All good stuff.
Enjoy!
🤘😎🤘
Jones Act is still in full force, not sure where Mike gets his facts.
I love streaming I can go about my chores then come back and pick up where I left off. Sometimes it takes me a long to watch the whole movie but it's worth it. Thank you, for your great questions.
I could listen to you guys for hours.
Great job guys! The market is talking! Let it come down! ❤
I learned a great deal from this video. Thank you gentlemen.
Sadly he can't just say the truth. It's dangerous for him as a gringo. He had to admit as such and move to the country where there are less humans and surround himself with guns and people he pays as work hands. He knows the truth but simply can't bring himself to say it as a proper European Caucasian. Sadly he's gonna get hurt or get others hurt.
when the communist revolution comes, they will kick him off the farm and take it over.
He just said he has an "arsenal" and lives off grid. Basically he's ready to fire away. 😂
Jason Hartman has the Hartman Index which shows assets values vs other assets, just like Mike’s. How many oz’s of gold equal how many barrels of oil or median home, etc.
👍👍Never tire listening To Mike
I love to watch you 2 talk about everything and be safe out there in puerto Rico
10 minutes into this broadcast and I have gotten golden nuggets. Thank you for these informative videos.👍
How do I sign up to come to Puerto Rico and help with that project? I work remotely.
Manipulating the CPI is nothing less than clipping or shaving coins.
Porte Rico sounds great, similar to Hawaii tropical weather. Hawaii has also had the Jones Act also since early1950's. I like part where the excrement meets the air compression device analysis. Thanks for the updates.
@todd check out what big brother did for VA home loans… when it hits that market we are in HUGE trouble… they are backing failure and preventing foreclosure…
Honestly foreclosed homes need about 50-200k of repairs as the original occupants couldn’t afford the maintenance or the loan amount…
Bigger problems ahead..,
All these wealthy people moving to Porto Ricco causes me to think that PR should not be needing a bailout from the mainland so to speak, but what do I know.
The founding Fathers were definitely not social libertarians. I’d take that debate any day of the week.
The founding fathers were in favor of free markets and capitalism. They would align more closely with the republican parties conservative values, but they are so far from what they were founded on that the founders wouldn’t even recognize this country or the republicans.
Actually they were of all types of ideals but came together to agree that if you were to set the common man free in this “Great Experiment”, they had to form the Constitutional Republic which they did. Based upon Creator endowed rights. Some were deists, others agnostic, some Christian and so on. But they agreed that there must be a Creator sewn into the very documents and foundations of the new world, because if you didn’t have that, everything would be subjective and you would instead have privileges granted by man. Which can be taken away at a moment’s notice. We’ve basically regressed into where the founders knew we would if we hadn’t stayed vigilant.
@@cockyhemi-123 many state constitutions have it so that atheists could not hold office and homosexuality was criminalized. They were not libertarian on Divorce and adultery or having throuples… I think the founding fathers would have probably executed/imprisoned Social libertarians who practiced those things. 🤷♂️
Fiscally conservative and socially liberal are not logically compatible.
Yes, and we are constitutional Republic !
If someone doesn’t like our constitution should go to “Democracy” run country
China
North Korea
Venezuela
Cuba etc
It is time to stop the BS !
We are not communist or socialist country,!
If I move to PR will I be taxed on IRA distributions. I believe you state there is no capitol gains tax. So if I sell my US home and it produced a large cap gain. Is that exempt? Thank you for your time.
If you are over 55 you can take a one-time cap gains exemption on a home sale.
Fascinating guest love it😊
Yes all the cheap products that don't last just make more carbon emissions. Years ago we built things to last lifetimes, today everything is designed to have a short life. This may keep economies going but it also creates huge amounts of pollution. We dont live in a system designed to be green, but it sure makes a good excuse to tax the consumers.
Good information
Mike is a brilliant man and is a huge source of knowledge.
Rising interest rates have caused the value of apartments to go down, the company we invest with, their apartment values have gone down from what they were last year.
Awesome show really insightful I am in CA have Real Estate License and my mother was a broker for most of my life. Love knowledgeable guests you have and enjoy the wisdom you freely share.
Thank you Art R.
Thank you for your great interviews. I’m a Real Estate broker in San Diego and I find your channel one of the most relevant to watch for my business.
Nobody gives 90% of their earned income to taxation in the United States! That’s ridiculous
Mike maloney knows his precious metals and where we are today.. but metals is his limitation... unlike maloney, America's founders were very religious and founded our nation squarely upon the Hebrew Law and British Christian foundations.. in fact all of our laws are meant to be subordinate to God's Law.. he fails to recognize that our greatest danger, as the founders noted, is the loss of our Spiritual foundations, and why our leaders are consummed by lies, corruption and sexual deviance .. until our nation is faced with thr coming collapse which Mr maloney so well defines, I doubt that enough Americans will return to the true foundations of our once great nation.. "Our Constitution was made only for a moral and religious people, it is wholly inadéquate to the governing of any other " John Adams
I agree, but people change all the time.
These ideas your guest is talking about, as in what he is doing in Puerto Rico, are fantastic!! Kudos to him and I pray he keeps going in this direction. I have been fascinated myself with permaculture. I am a believer the world should be implementing this method, so to hear how he is working on getting it mainstream...it's very exciting news!!!!
Wow... so true!
All praise to Almighty God amen.
I empathise with worrying about Precious metals 'going up', because of the chaos thet entails for it to do so.
Great interview
I live in US for 23 years and all I listen about economy is some crash in next few weeks. Non stop. I finished college (at 42yo) praying I can find job before collapse. I bought house taking deep breath. And everything is still there, people living life, shopping, drinking and getting fat! Everyone I knew gained a lot of weight! Where is economy collapse? People need to lose weight! Again have to wait few weeks
We live Mr. MIKE😊
I am somewhat familiar with permaculture principals...What a wonderful project! May God bless him with success!
Having a big ass farm on an island sounds like a bad idea.
Puerto Rico is not small. Where his farm is actually quite isolated and he was correct in saying that it can get cold in the mountains.
Can Todd run for president? He seems so wise and fair and always has something intelligent to say.
As Mike said, sweeping foreclosures under the rug distorts the market and is not likely to end well.
The economic analysis must be centered on "DIRECT LABOR, DIRECT MATERIAL and MANAGEMENT OVERHEAD.
Think about the total amount of California sales taxes are paid for a purchase of a car. The same car, over the lifetime of the care, may be bought and sold six times. The lousy state of California collects a sales tax six times on the same car. The value naturally decreases but a sales tax each time the car is sold, except to a relative adds up to a pretty nasty amount. Some cars may be sold more than six times over its lifetime and others less than six times. Anyway, it is viewed, what a RIP OFF! California just sucks, and, since I was in the Navy, screw the ocean or the desert.
The ability to tax is the ability to destroy.
Unless you were born a billionaire you only have the life you have thanks to taxation. It’s actually the way you fund society, which can’t prosper without infrastructure investment and services like education. No business can survive without taxation and without it you end up with a few who own everything. See third world countries as examples.
@@jsanders100 Hate to say it but you are full of S-----.
@@jsanders100 The power to tax is the power to destroy.
@@jsanders100 You need to come down to earth, there is so much corruption in the tax system the system become a drag on society.
Hong Kong aint what it used to be bro.
Mr. Maloney you are so correct about world society. America only manufacture is cash and weapons. No food, but bugs, no clothes, no cheap shelter…..
Great show, I like the truth.
Mike Maloney moving to Puerto Rico and portraying himself as Mother Mike Teresa helping all the poor, impoverished local native Puerto Ricans. 😂😂😂
Sounds like he just thinking like a business man. It's starting something that got broken and making domestic society better.
@@joycehaines2055 You're a complete moron. You have no clue what you're even talking about.
He should move to Haiti if borders are sillly
You have to pay MORE taxes to the US Govt if you move to Haiti.
MRNA was mentioned in a book I read written approximately 20 years ago. Beyond Genetics by Glenn McGee. Bit of a rough writer. Good information to understand to this day
Fantastic expose’ of the human potential
Puert Rico has not been the same since the Flying Nun was canceled. Reruns kept them going for awhile, but the financial Moral Decay has grown unabated
Please talk about FDA reverse mortgage!!!!
Very realistic interview,,,, not bright future down the road
What is it with these rich people building compounds bunkers & living off-grid somethings coming that's for sure
I would be if i could. Best i could do was move rural. Going "offgrid" requires one to be filthy rich or dirt poor.
@@redrustyhill2 I'm definitely DIRT poor pun intended rural is all I know
@daninthedirt9449 yeah, wish i had millions to invest in offgrid farm. We have some land that's paid for but we are screwed if power goes out and fuel supply gets shut off.
Ya we are trying to take steps to give us a fighting chance when the world 🌎 sh*ts the bed 🛏️
My college friend heading Cali, he loves US so..
We have that tax model in the UK and EU, its sugar coated by calling it VAT, which translates to Value Added Tax.
However, no value is ever added and once this financial burden is levied, it remains after leaving the organisation that imposed it.
Just like Nixon's temporary suspension of convertibility of dollars into gold, it remain today after over 50 years!
We should vote for parties that legislate for compulsory sunset clauses on all legislation, (that would keep control freaks busy)
One of my gold coins is up at 4,000 per ounce AusD! It has all gone up dramatically since i began buying in 2020-21, AusD2400! That coin i bought later at 2,600-700! Its all headed towards 4,000AusD per oz I forsee! Love Mike Maloney, one of my teachers, although i'm not a graph person! I went all in on gold and very happy! Just worry about confiscation or some trick, Lyn Zang said buy collectables as they are not included in confiscation, of course i would not turn in my gold, there is no records! Its the Cbdc that is huge worry! But i am confident!❤❤❤
1st 🎉
wasn't going to watch this one because i thought it was going to be another total bearish commentary but his description of his farm was inspiring.
ALL of the people who MOVE those supplies and products get taxed, too. it's outrageous how much of everything' price is govt.
Hey Mike, when silver hits your prediction and the inevitable “shtf,” you are going to be the first person they come for.
I was a soldier and private military contractor. I have buddies in every country as expats all over central and south America and not once has anyone got into any type of trouble or experienced crime directly. If your not involved in criminal activity the criminals leave you alone. Also the criminals know if they screw with an expat it brings military and law enforcement down on them pretty quickly. They actually could care less about you, your business and your money. But if you wonder into a gang area like an idiot you're screwed like every where in LA or Chicago. And the police warn you where you're NOT allowed to go. Another note: The foreign governments know who you are if you were associated with the U.S. Miilitary or government by running your passport.
FYI I worked with the PR US Army Military Police on an over seas deployment for the GWOT and they were pretty good guys. LOL some of them or most of them didn't speak english, but I could communicate in Army Speak.
Millions in taxes? Why you even pay tax to a corporation?
But did you build your wealth in Puerto Rico?
Yes popcorn peoples are evil humans.
Of course he didn't. But he's Mother Mike Teresa.😂😂😂