Not totally risk free: What bond investors need to watch

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  • Опубліковано 18 лис 2024

КОМЕНТАРІ • 162

  • @lisaollie4594
    @lisaollie4594 Рік тому +88

    I recently sold my $674k apartment in the Bel Air neighborhood and I intend to invest the proceeds. I've heard of investors making over $400k profit in this current sinking market, and I'm looking for ideas on how to earn similar profits.

    • @lisaollie4594
      @lisaollie4594 Рік тому +1

      @alexisanders Hello, glad to have stumbled on this comment, been getting suggestions to use a proper financial advisor, how can i find a decent advisor like yours?

    • @lisaollie4594
      @lisaollie4594 Рік тому +1

      Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

  • @slovokia
    @slovokia Рік тому +12

    No one at CNBC was complaining when 10 year treasury notes were trading at yields below 1%.

  • @bplmedia
    @bplmedia Рік тому +28

    Have Rick on more often

  • @Muller_Andr
    @Muller_Andr Рік тому +12

    it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

    • @Jennapeters144
      @Jennapeters144 Рік тому +3

      A lot of folks have been going on about the bull rally and said stocks that would be experiencing significant growth, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?

    • @xavier_lucas
      @xavier_lucas Рік тому +2

      Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of a planner, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

    • @AnkurYo
      @AnkurYo Рік тому +1

      True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?

    • @xavier_lucas
      @xavier_lucas Рік тому +5

      Having a fduciary is essential for proper portfolio diversification to make gains. My advisor is LOREN LENA WALKER who is easily searchable and has extensive knowledge of the financial markets.

    • @AnkurYo
      @AnkurYo Рік тому +1

      Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

  • @crazyfox5858
    @crazyfox5858 Рік тому +7

    you guys need to turn this into a longer format pod cast

  • @mikekorn6968
    @mikekorn6968 Рік тому +21

    Love Rick telling the truth & so knowledgable. I can't believe cnbc lets him work there

  • @roberttaylor662
    @roberttaylor662 Рік тому +37

    Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look

    • @DeannaPeters-lz8we
      @DeannaPeters-lz8we Рік тому +2

      yes, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises

    • @Bobhenry-c7z
      @Bobhenry-c7z Рік тому +1

      Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years.

    • @Andreallln
      @Andreallln Рік тому

      True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?

    • @Bobhenry-c7z
      @Bobhenry-c7z Рік тому

      Having a counsellor is essential for portfolio diversification. Pamela Helynn Kirchoff who is easily searchable and has extensive knowledge of the financial markets.

    • @Andreallln
      @Andreallln Рік тому

      Thank you , i'm in contact with the FA you mentioned earlier

  • @osunaedgar
    @osunaedgar Рік тому +8

    One of the best discussions we have seen on CNBC in ages. Bring Rick more often..!

    • @aaronmichealzz
      @aaronmichealzz 11 місяців тому

      Too bad they were totally incompetent look what two months did

  • @GarrettKoval
    @GarrettKoval Рік тому +9

    Damn. This is gold. Probably the best conversation I’ve seen on this show in a minute.

  • @brandon74185296
    @brandon74185296 Рік тому +17

    This is the best video cnbc has ever made. This was a real conversation for once.

    • @acornsucks2111
      @acornsucks2111 Рік тому

      please.

    • @LumenMichaelOne
      @LumenMichaelOne Рік тому +1

      Yeeeah ... Rick needs to grow-up.

    • @WakeUpBuildUpLevelUp
      @WakeUpBuildUpLevelUp Рік тому +1

      Well that guy that called out the democrats was honesty. That much debt sent out and nothing for future to show for it except tech jobs with wage that will be taxed to death.

  • @billymartin665
    @billymartin665 Рік тому +17

    This is the best discussion I heard in CNBC in a minute. They will probably let Rick go though. He should have said government making housing unaffordable in populated states due to welfare

    • @Bradgilliswhammyman
      @Bradgilliswhammyman Рік тому +4

      welfare has nothing to do with housing prices.

    • @billymartin665
      @billymartin665 Рік тому +1

      @@Bradgilliswhammyman if a government creates deficits and prints paper and bids on a limited supply of rental housing it will drive prices upward.

    • @fatronjones
      @fatronjones Рік тому +1

      Corporate welfare

    • @NicholasWHaley7
      @NicholasWHaley7 Рік тому

      @@Bradgilliswhammymanpeople living on disability that maybe shouldn’t be getting money monthly, programs to buy houses if you qualify. These are welfare programs. Rent pause, mortgage forbearance, rental assistance. These are welfare programs. Tuition freeze for three years, that is welfare. Stimulus checks to everyone, we love welfare programs. PPP and ERC, how bout a little business welfare? Throw in zero % funds rate, biggest welfare program if you combine that with quantitative easing.

    • @Zero11_ss
      @Zero11_ss Рік тому +2

      @@billymartin665 housing supply is well below demand for years, prices are up because of that alone. The specific price might change because of rates but the underlying issue is a supply demand problem of not enough housing being built since 2008.

  • @Brendonbosy
    @Brendonbosy Рік тому +9

    5:15 Omg if 10 year t bills hit 13%, I would liquidate everything and buy every treasury I could get my hands on. 13% guarantees you’ll outperform the S&P with zero risk

    • @WakeUpBuildUpLevelUp
      @WakeUpBuildUpLevelUp Рік тому +1

      True. There has been a very weird period though where I found that bonds were sideways for like a decade but again even that is not a terrible scenario at these bar low times.

    • @davidmaschari2282
      @davidmaschari2282 Рік тому

      For sure

    • @fatronjones
      @fatronjones Рік тому

      Late 70s early 80s rates.

    • @manubhatt3
      @manubhatt3 Рік тому

      @@fatronjones
      I dont know why he referenced those times, when the inflation rates today are totally incomparable to those times.

    • @happy14u6
      @happy14u6 Рік тому

      Pull up what the bond yields were from 1980 -1984. I pray this happens again!!

  • @dennismorris7573
    @dennismorris7573 Рік тому +13

    Good discussion gentlemen.

  • @bpb5541
    @bpb5541 10 місяців тому

    Damn Rick said 13%... the stock market couldn't even handle 5%. I agree with you Rick! This is the risk that almost no one is talking about. Great job.

  • @EverlyndPerez
    @EverlyndPerez Рік тому +15

    I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

    • @Theresaa12
      @Theresaa12 Рік тому +3

      Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

    • @HarrisRyan-oy8eo
      @HarrisRyan-oy8eo Рік тому +2

      I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable.

    • @gregorywhem
      @gregorywhem Рік тому +2

      How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

    • @HarrisRyan-oy8eo
      @HarrisRyan-oy8eo Рік тому +1

      There are a lot of independent advisors you might look into. But i work with *Alicia Estela Cabouli* and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.

    • @DougRoberts-ir4mj
      @DougRoberts-ir4mj Рік тому +2

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

  • @ddenuci
    @ddenuci Рік тому +1

    One of the most important statements occurs at 1:44 "they're only losses if you sell".

  • @james.atkins88
    @james.atkins88 Рік тому +15

    Honestly, I'm unsure if investing is a wise move right now. Take note of how frequently things fail. As I still have some time before I retire, I'm still looking for a better strategy to invest my money despite reading charts and predictions from well-known investors from the past and present. In order to generate passive income, I want to build a solid and reliable portfolio.

    • @Kim.beneteau
      @Kim.beneteau Рік тому +2

      I believe there are many ways in which the value of the U.S. dollar affects investing, but having a strong portfolio advisor to explore and experience a really varied market has never made understanding how to grow your money easier.

    • @hunter-bourke21
      @hunter-bourke21 Рік тому +2

      I was left holding worthless positions in the market in 2020 because to these market uncertainties, which is why I don't base my market assessments and decisions on rumors and hearsay. Before I started noticing any noticeable improvements in my portfolio, I had to fully redesign it with the assistance of an advisor; I've been working with the same advisor and have scaled up to $750k.

    • @rebecca_burns14
      @rebecca_burns14 Рік тому +1

      @@hunter-bourke21 My partner’s been considering going the same route, could you share more info please on the advisor that guides you?

    • @hunter-bourke21
      @hunter-bourke21 Рік тому +1

      Camille Alicia Garcia, maintains an online presence. just make a simple search for her name online.

    • @edward.abraham
      @edward.abraham Рік тому +1

      I located her website, sent her an email, and we set up a call; hopefully, she will answer because I want to end 2023 on a solid financial footing.

  • @nb6525
    @nb6525 Рік тому +1

    This is a discussion between experts. Can you have someone do an explanation video, or add a summary? I didn’t understand a lot of things

  • @davidv.2050
    @davidv.2050 Рік тому +3

    Worst possible thing you could do is buy a bond etf. Too many interest rate risks. Just look at AGG and TLT bloodbath. Buy actual Bills, Notes and Bonds. Hold them to maturity and collect the coupons. You will always get your principal back.😊

  • @JaZaarMercury
    @JaZaarMercury Рік тому

    Rick Santelli should be a moderator in the presidential debates. The man takes no BS answers.

  • @techgen0
    @techgen0 Рік тому +2

    This is the most authentic segment I’ve ever seen from CNBC

    • @gusmanue8337
      @gusmanue8337 Рік тому +2

      Exactly it was straight from the hear no propoganda no cheerleader a real discussion for once

    • @jsfnnyc
      @jsfnnyc Рік тому

      Love it

  • @AjitMD
    @AjitMD Рік тому +3

    These hi paid folks are clueless. Fed is likely to raise short term rates to 6%. Treasury needs to borrow $1.5T+ per year. Fed not printing. It means Treasury borrowing is likely to push rates to 2-3% above short term rates. 8-9%. Back in 1980-82, long bond rates were 12-14%. History can repeat.

  • @DreamweaverShade-h9p
    @DreamweaverShade-h9p Рік тому +1

    I've been hearing a lot about the potential for a Treasury bond collapse lately. It's got me worried about how it might affect my portfolio. I have $500,000 invested in bonds, and a big chunk of that is in Treasuries

    • @MakeamericaGreatagain-h7j
      @MakeamericaGreatagain-h7j Рік тому +1

      I share your concerns, Quinn. A Treasury bond collapse could lead to rising interest rates, and that could negatively impact bond prices. I would suggest you employ the services of an investment experts or advisors with experience since the 08' crash

    • @Damncars456
      @Damncars456 Рік тому

      A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to help my business stay afloat hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

    • @Tsunaniis-j5l
      @Tsunaniis-j5l Рік тому +1

      How do I find this financial counselor ?

    • @Damncars456
      @Damncars456 Рік тому +1

      I take guidance from ’NICOLE DESIREE Simon’ a well qualified California-based fiscal counselor with over a decade of experience, luckily her profile is widely visible on the internet, you should simply research.

  • @danwesson1934
    @danwesson1934 Рік тому +3

    Have not seen much of Tom Lee lately

  • @hobarttobor686
    @hobarttobor686 Рік тому +3

    no loss in bonds if you don't sell? these people are experts?

    • @djayjp
      @djayjp Рік тому +1

      Well if you don't take inflation into account (ie, if real rate of return is positive) that is true. This only applies to buying and holding single bonds until maturity btw, not bond funds that don't have fixed dates.

  • @slovokia
    @slovokia Рік тому +2

    When bond term premiums are consistently negative, cash is a reasonable option - especially for those that do not rebalance their portfolios frequently.

  • @fhowland
    @fhowland Рік тому +2

    Lmao Rick was saying 4.25% was the top for the ten year last spring 😂

    • @mrrogers4591
      @mrrogers4591 Рік тому +1

      10 year going to 8% in a year unless a recession or FED buys them done with QE. Interest rates higher for longer unless Uncle FED goes QE.

  • @SteveKlare-iq7zx
    @SteveKlare-iq7zx Рік тому +3

    As rates go higher, Seniors will pull more cash out of the market and invest in fixed instruments. at 7-9% most of us with a modest nest egg would be able to live off of the interest and maintain our principal nestegg

  • @djayjp
    @djayjp Рік тому +7

    Rates will be cut in 1-2 years, guaranteed.

  • @manuelfabbri7650
    @manuelfabbri7650 Рік тому

    I'm confused, why not buy 13 week T-bills while rates are still high, and until Fed pivots?

  • @sbar39
    @sbar39 Рік тому +2

    Rick santelli making a bold call 13% on a 10 year😮

    • @manubhatt3
      @manubhatt3 Рік тому

      It's also totally nonsensical and baseless.

    • @sbar39
      @sbar39 Рік тому

      @@manubhatt3 I'm sure they'll call him out if he is wrong

  • @robertburke9408
    @robertburke9408 Рік тому +2

    The problem with locking into more government debt is today's unsustainable debt level. You cannot use history to determine the outcome unless you rewind back to the Weimar Republic or Rome.

  • @larryhorowitz6690
    @larryhorowitz6690 Рік тому

    Two weeks later- if you have some capital and want to preserve its purchasing power, consider a ladder of TIPS at a guaranteed positive real yield of 2.4% above inflation. This will give you yearly income and long term protection of purchasing power, as all TIPS are held to maturity. This is best done in a tax deferred account.

  • @tdcall
    @tdcall Рік тому +2

    The Economy is been strong nominal wise because of inflation.

  • @chrisginoc
    @chrisginoc Рік тому +1

    No cuts until 2025 or 2026

  • @peterbedford2610
    @peterbedford2610 Рік тому

    Roll over risk? When does a 5% treasury become a problem for the Federal debt?

  • @KickingIt-In-the-Kitchen
    @KickingIt-In-the-Kitchen Рік тому

    Guys starting brand new with this, what’s the best advice you can give me to build wealth? I have a 9-5 and just want to live more financially free.

  • @Neo-Masculinity
    @Neo-Masculinity Рік тому +1

    Default spiral in real-time. Stay safe, stay liquid.

  • @LeeWalton6
    @LeeWalton6 Рік тому +3

    📌 Great video. I started watching your videos last year as a beginner before giving stock and crypto market a trial. I was able to make $17,300 in one month with a capital of $4,000 trading with an experience expert who guided me through out my trading.

    • @Miaisabelle-yk6rd
      @Miaisabelle-yk6rd Рік тому

      I knew someone would mention Chrissy Barymoer, he is perfect in helping beginners grow. I would not recommend anyone else.

    • @Edinkrama
      @Edinkrama Рік тому

      {}That's true I know Barymoer. I met him at a conference in New York in 2022 where he introduced us to his business strategy, he helped me cover my student loans with ease and so many more to be mentioned

    • @CharlesWalker-jb1yl
      @CharlesWalker-jb1yl Рік тому

      When I saw testimonies all over the place I thought it was all made up stories till I was convinced and gave it a try and honestly I don't regret the move i made because I invested in a big way

    • @adakkristinn
      @adakkristinn Рік тому

      How's He contacted. I really need his assistance

    • @adakkristinn
      @adakkristinn Рік тому

      Can anyone please assist?

  • @tryptamine-loopring-eth
    @tryptamine-loopring-eth Рік тому +1

    Where's the part where Rick talks about the Reverse Repo?

  • @beatmanbeatman498
    @beatmanbeatman498 10 місяців тому

    The tax cuts for the rich is unreasonable government spending.

  • @adamhopkinson7299
    @adamhopkinson7299 Рік тому +1

    Best chat in awhile

  • @manuvns
    @manuvns Рік тому

    Yes but the risk is lower now due to low prices now

  • @muzehack
    @muzehack Рік тому

    I am still perplexed every time someone blames Yellen for government spending. Congress runs up the credit cards, it's only up to the treasury to find the money to pay for it.

    • @kvnsns82
      @kvnsns82 Рік тому

      I agree with you about how they worded it, but I think it's a matter of how the Treasury makes it easier for the government to overspend.

  • @jaym9846
    @jaym9846 Рік тому +1

    We are too big to fail (like the banks).

  • @PP-oz2oj
    @PP-oz2oj Рік тому

    It’s stupidity to buy a longer term bonds > 2 years

  • @davevanr3765
    @davevanr3765 Рік тому +2

    Love this ❤

  • @NolanCardwell-ht3xi
    @NolanCardwell-ht3xi Рік тому +1

    Let's go canopy grow :))

  • @rodngou9864
    @rodngou9864 Рік тому +1

    FED & teasury Commercial for junk US debt . Don't buy them. These guys should go to jail for defrauding their viewers

  • @Lemariecooper
    @Lemariecooper Рік тому +10

    I admire your teaching approach, and it has made me realize the significance of having an edge as investors. Simply following the crowd and adopting conventional market strategies is often inadequate. We must hold onto hope and patiently observe how things unfold since market movements are frequently unpredictable. Currently, I am observing more losses than gains in my portfolio, and with my retirement approaching rapidly, this situation becomes even more critical.

    • @Erikkurilla01
      @Erikkurilla01 Рік тому

      When it comes to significant financial decisions, it is crucial to remain vigilant against economic risks. However, by implementing smart planning, effective time management, and seeking advice from a financial adviser, you can safeguard yourself and your finances while also preparing for retirement.

    • @jessicasquire
      @jessicasquire Рік тому

      The current state of the markets is incredibly volatile. It is an opportune time to closely observe them, gain a deeper understanding of their dynamics, and take action when favorable opportunities arise. I acquired this valuable insight from my mentor, *STEPHANIE KOPP MEEKS* , who possesses extensive experience navigating numerous market cycles spanning several decades. Her intuitive understanding of market movements, their underlying causes, and future trends is truly remarkable.

    • @davidjackson2179
      @davidjackson2179 Рік тому

      Stupid fake scammer thread. Stop embarrassing yourself by using fake accounts to talk to yourself.

  • @TICafeRacer
    @TICafeRacer Рік тому

    Rick is the man!!

  • @Oheeeoh
    @Oheeeoh Рік тому

    Everybody is talking about deficits and bloated govt spending except the people who control govt spending.

  • @dontforgettolike7127
    @dontforgettolike7127 Рік тому +2

    Reverse repo

  • @tommay7735
    @tommay7735 Рік тому

    But we did not invest in good roads or high speed rail!

  • @fhowland
    @fhowland Рік тому

    Janet Yellen is totally incompetent- didn’t take advantage of the chance to finance the debt at close to zero - instead did mostly short term bills

  • @manubhatt3
    @manubhatt3 Рік тому

    13% yields??!!!
    Are they drugged or what?!

  • @njperuviankid
    @njperuviankid Рік тому

    This is great, the ogs. TY

  • @fhowland
    @fhowland Рік тому

    Joe is right

  • @RandyCapor
    @RandyCapor Рік тому +3

    Thanks JOE BIDEN!!!

  • @youtubetim3577
    @youtubetim3577 Рік тому +1

    13% lol righttt

  • @selenajack2036
    @selenajack2036 Рік тому +25

    Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

    • @tommychestnut5335
      @tommychestnut5335 Рік тому +2

      Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals

    • @chrisbluebird5037
      @chrisbluebird5037 Рік тому +2

      Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

    • @kaylawood9053
      @kaylawood9053 Рік тому

      I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

    • @chrisbluebird5037
      @chrisbluebird5037 Рік тому +4

      There are a lot of independent advisors you might look into. But i work with HEATHER LEE LARIONI and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

    • @mesutserim1595
      @mesutserim1595 Рік тому +1

      she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing

  • @Jake-pf4kv
    @Jake-pf4kv Рік тому

    TFLO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • @tatianafoule6257
    @tatianafoule6257 Рік тому +1

    ???????****

  • @gstlb
    @gstlb Рік тому

    Ooh my bad, I thought this was about bonds, it’s about government bashing. Not subscribing. The moronic comment about oxymoron was the highlight. Watching the descent from a reasonable conversation into the last few minutes was to watch somewhat intelligent people all reduced to their most thoughtless selves.

  • @Anthony-dj4nd
    @Anthony-dj4nd Рік тому

    Those bonds becoming worthless!😂

  • @chuckbrown8344
    @chuckbrown8344 Рік тому

    TLT has been a horrible investment over the last year!!

  • @grahamjackson6589
    @grahamjackson6589 Рік тому +4

    Put another Democratic socialist on wh economic team🤪

    • @Brendonbosy
      @Brendonbosy Рік тому

      too bad the GOP isnt much better. Somehow whatever party is in charge, the answer is always increasing deficits

    • @DamianBadalamenti
      @DamianBadalamenti Рік тому +1

      I'm very conservative but every 2 term Republican president has overseen a recession

    • @theunbearablebull
      @theunbearablebull Рік тому +1

      Yea we should get Trump back in office so he can give us another (2) 2t stimulus checks lol. He was the ultimate socialist.

  • @grandmiserthe3rd434
    @grandmiserthe3rd434 Рік тому

    ...............because Communism can be expensive ........!!!

  • @chrispadilla1582
    @chrispadilla1582 Рік тому +5

    Liesman is such a gov stooge

  • @retiredn
    @retiredn Рік тому +1

    Government is NOT EFFECIENT ! LETS BE REAL !

  • @EvidenceHub8329
    @EvidenceHub8329 Рік тому +1

    Where the R on this government waste...uh, expense: "For example, the Indian Arts and Crafts Board is a body under the Department of the Interior dedicated to enforcing a law from 1990 that “prohibits false advertising in the marketing of Indian arts or crafts” according to the federal database on USA.gov. In the 2020 end of year spending bill, $3.5 million in funding was appropriated to help the board combat counterfeit Indian arts and crafts."

    • @davidjackson2179
      @davidjackson2179 Рік тому

      2 trillion dollar defense and you’re looking at a 3.5 million $ expenditure for something that you probably don’t fully understand. It’s not going to fix the big issue. Only way to right the budget is pull back on some major domestic spending or better yet, just tax the extremely wealthy at higher rates to cover the shortfall. Stop allowing the billionaires to get richer and richer.

    • @EvidenceHub8329
      @EvidenceHub8329 Рік тому

      @@davidjackson2179 Actually, you don't understand my point. I'm showing one example of something that exists in the Federal government BY THE THOUSANDS. And programs like that are NEVER eliminated and just keep going forever. Sure, I know that the biggest areas are entitlements and those have to be addressed. If the congress can't so "NO" to something as stupid as the Indian Arts and Crafts board, do you really think they have the stomach to tell freeze (not even reduce) entitlements?

  • @retiredn
    @retiredn Рік тому

    I SEE WOKE DORKINSON, KEEPIN HIS PIE HOLE . RICK telling nothing but TRUTH BOMBS !