TOP 10 Lies Being Told About the U.S. Economy - Danielle DiMartino Booth of QI Research
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- Опубліковано 28 вер 2024
- Join Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, as she explores how the mainstream and financial media are persuading Americans that their economic hardships are merely figments of their imagination. Emphasizing the importance of recognizing manipulation, through the media's narrative.
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It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??
My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
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 resume.
If buffet selling, then is this a good time to buy stocks? I know everyone is saying stocks are at a discount and all but just how long will It take to recover or am I better off putting my money elsewhere. I need a lot as rent, inflation alone eat up almost all of what I make with dependents and other obligations included. Tbh it's an uncertain year for me.
As they say. Time in the market, not timing the market. Only contribute what you can afford bcos it’s a long term thing. Property & Stocks will dip & peak but they aren't going anywhere anytime soon.
Be extremely attentive as we are entering an unusual market economy. That doesn't mean that you can't unravel opportunities in every sectors, you can but you should be considering rewarding options first. It would be a vast awareness to align under a top performer for easy earning picks. I did the same and it works.
very well, I got in on multiple sectors myself, I think about adding more to my individual account or is holding off more better for me?
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
add Gold and silver as well.
We went from having discretionary income to be able to do things like eat out, and now we don't since every single thing in our budget has gone up and our incomes have not. The media and the politicians are definitely gaslighting us.
We know. We all know. They think we’re stupid
Trust me, not everybody believes this. I’m from Massachusetts and my family can’t bear to think that they are feeling the recession because of an image they want to uphold.
True we know the truth. Massive layoffs, pay cuts , high unemployment and part-time jobs.
People who get their news only from right-wing media ARE stupid.
I got laid off from my STEM research job in Biotech April 2023. I was at the peak of my career. I always took a good job with health benefits, PTO, and disability insurance for granted since my lab skills were in high demand and I am an American with no visa needs. Not so now. I was forced to take a contract worker temporary position for 1/3rd the pay and zero health insurance or benefits of any kind. It's hourly wage so when the company closes to honor Memorial Day, I just go home without pay and make do.
I was laid off September last year, done over 20 years in tech. Recruiters have generally hounded me, several times a week.
But I can add up on one hand how many times I have been contacted since September into nothing the last month or two. I know not to be even looking, it's all going to be crap out there right now.
It's an Obummer 2.0 economy. Remember, the left cheers over your suffering, especially if you are White.
Are you getting it yet?
@@tradermunky1998thanks for sharing it
@@tradermunky1998 It's like we woke up in an alternate universe.
people have been lied to for decades, but it is getting worse
That’s so true they believe if they tells us long enough we will believe it. But we feel the pinch of higher prices . Inflation, high prices in food, high gas price , home prices, increase rents and layoffs.
Calling Bullshit: 'There are three kinds of lies: Lies, damned lies, and statistics. '
The liars lie not the statistics
I go to the same pool bar on Friday night every few weeks, usually there are 40-50 people in the place. Last month or two it has dwindled down to tonight, 5 people 😂
Something ain't right!
no doubt inflation is a problem, but could that be weather related because its getting warmer outside?
I go to weekly farmers markets in TX and have for years. There was a major decline in the amount of foot traffic beginning October/November 2023. That's independent of any seasonal aspect.
@@riumudamc4686 Nah, it tends to pick up in the summer actually, slow down when it's cold.
Young people don't go to bars anymore, they meet peers on apps or social media not in person at clubs or bars.
@@nicolejennings8389 They weren't there to begin with, it's a pool bar. Young people don't play pool.
We even run a cash tournament to bring in people such as sharks. We haven't been able to run it the last few weeks.
Today's job report is BS
Ya that job report was mainly part time jobs! 1st they revised the data now their just rigging the data!!!
The revisions will prove this to be 100% true.
Remember there's two components. The establishment survey, which is based on calling up businesses on the phone, and the household survey, which is based on directly asking individuals about their employment. Number of full-time employed from the household survey decreased 400k from April to May 2024. From the establishment survey it was an INCREASE of 272k. They don't usually diverge that much, but I'll let you decide which seems more plausible.
is it true gov is reducing the sample size of the household survey??
Please warn your Kids that AI is also gaslighting
Great content. Keep educating America.
You do need educating 🤷♀️
Respect to this lovely lady. She is stating the blunt truth.
REFERENCE: Gaslight is a 1944 American psychological thriller film directed by George Cukor, and starring Charles Boyer, Ingrid Bergman, Joseph Cotten and Angela Lansbury in her film debut. Adapted by John Van Druten, Walter Reisch, and John L. Balderston from Patrick Hamilton's play Gas Light, it follows a young woman whose husband slowly manipulates her into believing that she is descending into insanity.
Hi there....Angela made her debut in "National Velvet" as Elizabeth Taylor's pretty teenage sister. 1941
The problem our country has is very simple! Most can’t be honest with themselves and admit that things are not well and that we have major structural defects that need to be fixed/improved. They whistle by the graveyard and never address the true problems and act like everything is fine. Meanwhile we are destroying the fabric of our country every day these problems are not addressed!!! It really pisses me off
Amazing though worse the economy gets the stock market zooms higher
I remember 2008 when grown men cried and told sad stories...took their children to McDonalds and said, " College is over. You can stay home and get a job so we can keep a roof over us. My salary is over...I'm looking at the want ads." But now I'm afraid it's party till we drop...what awaits the plastic age of juggling balances???
The difference I see between now and 08' is back then people stopped spending money much earlier in the recession than they did this time.
Maybe that's because the media was against the incumbent party back in 08? And now they are desperately trying to convince people things are better than they are because they know the election is slipping away every time prices go up.
Once again, Danielle is a voice of insight and reason in a chorus of pundits and snake oil purveyors. Thank you Danielle!
How quickly will the Guardian say the economy is terrible if Trump gets in? 20 seconds later?
Felons can't run for president. 😳
A criminal can't be president. 😳
He can't run due to his criminal history. 😳
Not true
Guardian will say we are in Depression when Trump won the election.
The unfortunate thing about gaslighting is we essentially do it to ourselves by choosing what to believe.
"In order to anchor longer-term inflation expectations at this level, the Committee seeks to achieve inflation that averages 2 percent over time, and therefore judges that, following periods when inflation has been running persistently below 2 percent, appropriate monetary policy will likely aim to achieve inflation moderately above 2 percent for some time."
FOMC Monetary Policy Report , March 2024
The Fed wants higher inflation expectations
That’s so true
What are public companies reporting in profits? What are the Social Security receipts?
Daniella thanks for keeping us sane in an insane world❤
My man, Gregory Mannarino, protects me from ever being gaslit.
Shes on point as always.
Please watch Free to Choose and the discussion of inflation. Wages have not kept up with inflation, wages are the last price impacted by inflation, not the cause.
Wages aren't even across the economy. The can vary depending on what the job is and where it's located.
I get what you're saying, but arguably tech wages is an area of the market where capital was miscalculated during low interest rates because of the scalability of software applications across the wider economy (so venture capitalist investors would get the most bang for their buck if they backed a winning company; or even something like Uber that didn't make money, but filled a market need because of government restrictions due to regulation; and so it allowed the investors to cash out stock before everything falls apart later).
Right now companies like Uber are still operating and providing life support for jobs throughout the economy. But once those companies are confronted with not making money, and they close up shop; then that's where the real hurt will start.
Anyway, back to your original comment:
Many wages in other industries are lagging behind the price increases. We should see wages continue to uptick slightly, but that will then most likely cause more price increases throughout consumption goods in the economy.
There will definitely be winners and losers in this. I recommend people to read about Weimar Germany and the types of jobs that enabled people to get enough wage increases to scrape by.
I live in Los Angeles, California. We have a $297 Billion Dollar Budget Deficit for the State. We have high gas prices, food prices, and housing prices, but we have a good weather climate. I ride the bus and most people get off in Beverly Hills, to work. The rich employee, the poor suffer, and the middle class continue to get squeezed. Squeezed orange man bad. So, what does that mean for the future for the next generation. It means, they are screwed. No marriages, no family, no house, and not enough income. But they have the weathermen. Only the Kardashians will survive.
too bad you'll don't get rid of newsum pelosi's nephew.
The term came from a play, made into the movie "Gaslighting". It truly represents what is daily being done to the public. In a way, the same thing was done in the late 1920s, as the rural economy (which was major at that time) was already in a great depression.
Economic investigator Frank G Melbourne Australia is following this content cheers Frank
Fantastic Danielle. You are a pleasure to listen to. Your intelligence,memory, critical thinking,knowledge, and integrity is simply outstanding!!!
Yes, all of my friends that were laid off stilllookingfor that ever elusive “ job opening”
Danielle - you're the best - thanks for reporting the truth directly and intelligently - I am greatful for your being there - - we all should be.
Amazing commentary! Everyone is feeling a pinch. Even if you can “afford “ it doesn’t mean you don’t realize that there’s going to be trade offs.
What happens to the US economy if Tony Seba is right (again) and demand for Autos is cut by 75% in the next decade? Autoworkers made the US middle class. Most legacy automakers will go bust.
WE CAN'T HANDLE THE TRUTH! 😳
Well said. I know people who are scratching because their rents got jacked up, and wages are peanuts in some of the more rural areas. Inflation is a killer.
More talks like this need to go around so people know what has been done to them. Thanks.
Good video
Thank you for pointing out truth about everything. Gaslighting at its best!!
The term "gaslighting" came from a 1930s movie "Gaslight". In the movie, the evil husband tried to convince his wife that she is crazy by turning their 1930s gas light brighter and dimmer. When his wife asked, he would insist the light is constant.
Great content Danielle Thanks
We never got a stimulus (over threshold of earnings), but we did get a RIF notice last year.
Great video, great information flow. I've seen Danielle in many interviews, but this video was better than any interview I've seen. This earned a like and subscribe from me.
Inflation ex insurance and rent is 1.9% now.
Insurance and rent have lag effect and they are rising less.
OER is a subjective confusing stat.
Credit card debt slowing fast.
Economy slowing.
Unemployment 4%.
Rate cuts are coming faster than people think.
If you're 50 or older, you ain't getting a job ever, ever again.
Maybe as a Walmart greeder if that job still exists which I believe doesn't.
@@mark-204 Now that you mention it...I seldom see one.
I am 55 with a fantastic resume and you are 100% correct
That’s so true I’m 63 years old and got laid off and no one wants to hire me, Age discrimination. Sad
@@sofiaalonzo807 Our company had a lay off...first round was 22 people..all over age 40. They laid us off one by one in a single afternoon. I was in the room with the H.R. and general manager. I asked why we were being laid off and the g.m. said " I don't like old people" I was 58 he was 50. They offered everyone a severance package that if you contested, it was withdrawn.
If anyone is using their credit cards and carrying the payment over past one payment then they are the problem. How dumb can you be? If you cannot afford, don't buy. You don't pay 22% interest. Instead borrow from bank with personal loan.
She speaks truth
the fed. never tell the truth. the dollar is dying!!!!
Is it reasonable for me to think that prices should be about 10-15% higher than item price in 2019? (2-3% inflation each year)
If u believe they're only 10-15% higher...there's not much to say. Housing is up over 50. Food. Car insurance 50%. Medical cost 40%. Gas is over 100%. But sure.
@tammyturowski6703 no, I'm not trying to defend. I'm seriously asking. Because of the whole argument of deflation. I, personally, don't think government will allow deflation, and will avoid it by all costs. But the topic comes up constantly. I'm just honestly asking. If we do see deflation, it would have a long way to deflate before really hitting into the profit pockets of our economy, right? So, even a bad case of deflation still wouldn't crush these corporate profits, right? Talking about mainstream companies, not the smaller business owners. We all know us lower are getting crushed here, and we all know the upper want it that way.
@@musicman9418 can't have deflation. The govt needs Inflation.. to inflate their debt away. And the value of the usd is decreasing. That will make prices rise in nominal costs. But because of Inflation but devalued usd.
Costco hotdogs and soda still a buck fitty tho
@@simonlo9956 Costco can afford to take the loss on those items just to draw people in .
I love this women. Very nice,very wise, very bright, always correct.
Thanks, new subscriber, appreciate your content, all the best
Why does that "imaging"chart have a BLUE line have an inverted statistics number vs yellow civic line non inverted line? Makes it impossible to use vision to compare the two!!!
I am in the DFW area and yes they are building more homes HOWEVER, the vast majority are being built further and further out. So yes you can find more affordable homes but you will have a hella commute. If you want a home in a nice neighborhood with good schools AND within 30-45 minute drive to Dallas/Fort Worth you will have to pay through the nose.
Yes supply is increasing but it's not the same, and with real estate it's location, location, location. I have some young coworkers trying to buy in DFW right now, and to get anything affordable they are looking at two hour plus commutes each way. It is sad for folks that missed the huge buying opportunity 4-5 years ago.
The best way to understand the term gaslighting is to watch the 1944 movie Gaslight
I am happy to hear that prices are rising at a slower pace. That means I will reach a poverty level income a little slower than I was reaching that income last year. The longer it takes to reach a poverty income level. I will.be older and less employable. I feel better now.
Please leave the graphics up for a more extended period of time. When one watches on an iPhone we have to focus then digest data---that takes time. A picture is worth a thousand words------
Politics has invaded our ability to perceive and analyze truth.
Don't look this way look that way ( Don't be fooled )
Gaslight, great movie. Stars Charles Boyer and Ingrid Bergman.
In other words “we’re being lied to bigtime!”
YOU CAN'T HANDLE THE TRUTH! 😳
There's been so many unusual features of the economy since covid, I was wondering if the indices we use to track things like the economy, unemployment and house prices just aren't fit for purpose right now.
I think CPI generally under reports inflation. Inflation was so bad that the under reporting was more extreme. GDP gets adjusted for inflation, so if CPI is too low, the adjustment doesn't work and you end up showing growth when there is none. The higher cost of living and interest rates have been forcing more people to downsize from expensive properties which has resulted in the housing market being skewed to the higher end, so even though individual house prices are dropping, the market indicators would suggest they are rising. The birth/death model in the job data doesn't work in this environment. Job ad data is grossly inflated by the rise in ghost jobs. It's just an idea, it may be a load of rubbish, but it would explain the discrepancy between what the indicators say and how people feel about the economy.
Is the Government going to give people dependent on Government pay, pensions, SS, disability a big increase so the non producers can keep up with inflation. Can the private sector afford to hand over more money to the Government to keep the game going . The Goose that lays the Golden eggs is living on borrowed time
Prices will go back down if we have deflation so it is possible
The cost of houses doubled in California over the past 8 years or so... that's 200%, but all I hear are numbers like 3% or 7%... why was this allowed to happen? Healthcare bills are astronomical now. Utilities went up at least 50% in this period of time.
Nice to hear all the good news. But what do we do about it.I know people always want to be right But
Do you think cpi will coming in above forecast
Prices must fall to where people can afford, if they pull ability to get credit, prices fall through the floor literally!!!!!
A few months back I thought you had nothing but accolades for Powell? I am glad you are pointing this out. I thought they had gaslighted you too.
We are taxed on nominal income, not inflation-adjusted income.
Im a protein producer, my prices are down to near half the ten year average. My cost to operate isnt jumping like 21' but its still up. Needless to say its a personal recession for me.
Starting with and continuing with government over stimulus prices go UP for what we pay,
and DOWN for our largest debtor government with its cheapened debt.
Orwell mentioned this.
Lending institutions are reluctant to charge off because it’s bad for their bottom line.
The economy we have right now is a economy of people with vastly different realitys. People who make less than $90,000, $83,000 a year are struggling with high costs of everything. Fuel prices are down for the moment, but food prices remain high, home Depot stuff is still high, pick up prices are high, financing homes, vehicles is high priced, credit card interest rates are higher. And Black Rock has control of our collective savings however by the time we get to actually use the money in IRAs/ 401s our life savings are eaten up by inflation While Black Rock controls everyone's savings and invest that money in foreign countries which is why the Government has to keep printing money to provide social services for the middle classes so the masses of people will not Riot. Which is why we have inflation.
Numerically all true. But also a glass HALF full view of the economy.
The prices are higher than ever
🇺🇸 she's the best!
The new mineset is the gov'ment will forgive or pay delinquency debt. Because of pandemic forgiveness and student loan forgiveness
Renters barely have the money to pay the rent much less first last & security to get into a new place.
My friend not making money in real-estate now
The stock market is not a metric of the real economy; the economy that is reflected in their paychecks, availability and cost of housing.
I.e., the last raise received. The term "Gaslight" is the title of a 1938 movie, starring Ingrid Bergman, is a story of a woman who has experienced past trauma. She's oddly attracted to a man who knows of her family fortune and begins a campaign of manipulation to convince her she's going mad, by hiding things she's seen recently and convincing her they've been gone for a long time, etc..
To your point, it's obvious that there are no fractional reserve requirements. Deposits are not available in full for DAYS after they're made. The banks are in trouble.
Although you were not clear on the origin of the term "gaslighting," leaving casual observers to possibly infer that the term was one of the recent "hip" expressions of American youth, as you admit that your children were well familiar with the term "gaslighting," while you were not, the popular term arose from the movie GASLIGHT (1940), which was released in the U.S. under the title of ANGEL STREET. It was a British psychological thriller and well done. In fact, Hollywood quickly made a remake GASLIGHT (1944), and this time major actors were used. It was more popular than the Brit film which inspired it. This was the way the film name entered the American culture to describe a malevolent form of psychological manipulation. Its usage today has witnessed a dilution of its original force. If you have the time and opportunity, view them both, beginning with the 1940 original and following with the 1944 version. If you care to play with this theme, you might even recognize a real-life version playing out in national politics.
A lot of people don’t live paycheck to paycheck they live credit card to credit card.
Ya great point 👉
Yes, the most devout slaves of them all are people who carry credit card balances. I would starve myself and live in a tent before I let a credit card charge interest. But the true slaves are the ones who go on a vacation when they have 20k in credit card debt.
xctly my thoughts why i commented this.. I cant process comprehend xctly wht she means ppl are livin beyond their means when their means cant keep up with the inflation cost living such.. which is why the BRICKS nations are sayn fuk u dollar.. we all better get mentally prepared cause I dnt know about u but I AM SHITTING BRIKS A BIT! I CANT REALLY BLAME THEM KNOWING WHT THE US HAS DONE TO ITS OWN PPill AND THROUGH OUT THE WORLD, KINDA GLAD I GOT SCREWED BRITNEY STYLED BY PARENTALS SO AT LEAST I DIDNT END UP PAYING TAXES INTO THIS CURRUPT SYSTEM OF DEATH MOST GRINGOS ARE TRUELLY TO BLIND TO SEE!! IN TIMES OF OPPRESSION WARS CHILDREN WOMAN ALWAYS SUFFER THE MOST! i always wondered when this egg would come home to roost
And pretty soon it will be living 401K withdrawal to 401K withdrawal.
Very sadly true even worse our banks and credit card companies facilities this poor behavior for the god almighty Dollar and the destruction long term of every one
Want a real life poll ? Stand in a grocery store store line up , and talk to 3 people , you’ll get 3 real opinions, all in agreement.
Do the same at restaurants, look for the same people from the grocery store.
We just got back from a trip and it was unbelievable how many of us were like minded. After talking with many people of different nationalities, we all agreed on many things. Economics, politics, crime and other things. The mainstream media is the cause of all the division in countries around the world
No, you'll get about 8 different opinions, all wrong.
@@willcorsair6099 My point was you will find many people complaining about grocery prices and the same people eating out. LoL
Glad someone is actually exposing their BS. People are losing everything.
It is so obvious they wanna do this due to the coming Election.
That's the plan, this time they will allow him to win the SELECTION, then they will crash things and blame him, and the Masses Of Dumbasses will fall for it.
No way rent is going down, is like saying insurance will go down dream land
Absolutely true. My rent went up 10% beginning in April.
Depends on where you are. The house I'm renting is overpriced now - I could move down the street and rent the same size house (or a little bigger) for $250 less per month. I am in Austin, TX. Our lease is up in December, and we plan to move into a cheaper rental to save more $$. Rents have been dropping in Austin, ROund Rock, & Cedar Park in many neighborhoods. TOns of vacant apartments here too offering 1-3 months free rent.
The housing market, just like the weather, is all about microclimate. Just because it isn't where you're living does not mean the same is true everywhere. But if all you're looking at is your nose then that's all you will see.
It's going down in cities with the most construction. The Austin and Raleigh areas, which overall have been the two fastest growing metros for the last 25 years still have nonstop construction still going. Both have a lot of tech companies too, so with tech layoffs happening that may cause a drop in both rent and mortgage prices in both cities in the future.
That needs to change. It can't go up conditionally and not come back down under the inverse condition. That is how we have gotten into all of these bubbles.
My car insurance,umbrella insurance,electric bill,food bill and gas prices have all gone up and I feel it’s just getting started.
True everything is going up high inflation, rents, car insurance, taxes, gas prices , food prices and homelessness
Didn’t know what gaslighting was? Welcome to main street finally…we’ve dealt with this forever.
Except that is is new term. Wasn't even a word, in the 1990s. It used to be known as propaganda.
So, I guess forever has a limited timeframe, in some people's thinking.
@@Ambassador_Gkar it's not a new term at all. In fact, the play, Gas Light, was written in the 1930s, and made into a movie screenplay in the '40s. The term didn't just appear for no reason and with no meaning. It has to do with a husband in the story turning the (gas) lights up and down, and doing other things, to make his wife think she was going insane. There was a book written I think in the late 1980s, "Gaslighting: How To Drive Your Enemies Crazy." The methodology is dated, but it's an amusing read and can inspire you to understand how people and entities can "gaslight" people. The old adage still applies - "if you can't convince 'em, confuse 'em!"
The term "gaslighting" is more specific than the more generic "propaganda."
@@deyemeracing8795 I've just risen, & already learned something new, in a new day. Cheers.
Just out of curiosity, I did a bit of research, to understand why I had never heard of the term before.
As someone of the older generation, I checked an older dictionary: a 1990s version of an English concise one; it was not recognised under the term, gaslighting. Only mentions about the combustion of coal gas. Also, understand I am from a country that identified with the English until around some 30 years ago: New Zealand. So, it's easy to comprehend why I hadn't heard the term before.
So, I did what younger people do, I 'Googled it 😁.' One site, 'psychologytoday' talks of where it came from. Tells of the same compositions, in the 1930s, you mentioned.
It _definitely_ fits into the US intel's mould of abusing other Humans. I especially liked the description of who would employ it, under the heading of, 'who becomes a gaslighter,' "Those who employ this tactic often have a personality disorder, narcissistic personality disorder and psychopathy..." Apt way to identify with trolls, like the woke brigade, running this platform.
It wasn't understood to be an actual word, IMO, until the Intel community usurped it, & incorporated it into their ESG agenda. Though I readily _do_ accept your statement as being helpful, & truthful.
Thanks for making me educate myself, _and_ having a good laugh, all at once 🤣🤣🤣🤣
I live in Carnel, Indiana, and teach Econ.at the college level. Thank you for your insights. I am in full agreement with you. i no longer have a TV, and I never watch the Indoctrination Nationalized Media. Food, gas and housing are out of control. The media is in kahoots with the administration. I cannot believe people actually believe the Nationalized News.
I lived in Carmel at one time…
People are brainwashed or gaslighted into believing all kinds of crap:
1. Gods
2. Ghosts 👻
3. Aliens 👽
🙌🙌
People are brainwashed or gaslighted into believing all kinds of nonsense:
1. Gods
2. Ghosts 👻
3. Aliens 👽
People are brainwashed or gaslighted into believing all kinds of nonsense:
1. Religious mythology
2. Ghosts 👻
3. Creatures from space 👽
I’m a therapist and have been using this term economic gaslighting with my clients for the last year to help reduce shame about their dollar not going as far as it used to.
Reduced dollar purchasing power is called INFLATION not gaslighting.
@@pinschrunner correct but not everyone realizes true inflation of cost of living g us up about 30% pre COVID so by providing that education along with the dissonance between what mainstream media is reporting and what people are experiencing it’s helped many of my clients not feel like such personal financial failures or shame.
@@pinschrunnerI have seen people gaslighting others on social media. Those in the stock market and/or with padded retirements act like other people are crazy for complaining about higher prices and the difficulty in purchasing everyday items. I've seen news articles shaming people over the same thing.
That's exactly what inflation is, the stock market goes up because it's theft from the worker to the asset holder class, in other words, inflation is steal from the poor and give to the rich
Not so many people believe in these lies, but many market players were trying to play the last ride to the peak. They all know that things can turn 180 degrees very quickly, but they still don't want to miss the last portion of the ride.
They are playing a dangerous game..i hope they have something outside the financial system 🤷♂️
The exact same people will be the SHORT SHORT SHOOOOOORT!!!!! people the second they get a whiff that it's topped. And like 2022 the market will go into a bear market simply because people were short selling like maniacs.
My utility company gaslights me every month! They send a letter every month (not my bill) that ALWAYS says that I use much more power than my "energy efficient neighbors"! Then, they encourage me to get a "smart meter." I am a household of ONE and I conserve energy, so my bill doesn't go up too much! Yet, the company continues to gaslight me with their monthly letter. I HATE GASLIGHTING!!!!
Mine says that I am the most frugal user for 50 miles around and then my bill goes up. People must have $400.00 electric bills in that case OR EVEN HIGHER.
@@lucanidae100 That's also problematic! I hate mind games and manipulation!
@@lucanidae100 Amazing, isn't it? You pay more money if you use more electricity, and you pay more money if you don't use enough electricity! Mass silliness!
and biden
@@TheUnofficialMaker 👍
Just think about the fact we allow a mostly liberal government to self-report data. What could go wrong with that?
Gaslighting is exactly what it is. Good video!
There is a big difference between what affects the top 10% and the rest, the 90%. So if you are a stocks investor life is good but for the rest...
I would invest in anything you can touch. There are too many scams and too many are enamoured by the stock market. Use higher demand to dump what paper you have and use the proceeds to get material things you will need or will give you income in the future.
I hate to be cold, but I hope this continues. As a saver who lives well below my means, I am sick and tired of this debt based inflation economy where my purchasing power has been destroyed. It would be nice to purchase things at face value, not what the FED has crafted based on cheap credit!!!!
Saving, at very low interest rates, in a currency that's being furiously debased, is NOT a strategy to win economically. Ag and to a lesser extent Au.
I wish I was one of Danielle’s kids because those kids probably have as best an education about the economy and finances as a kid could have. It’s good to know that they are teaching her a thing or two ‘gaslighting’ and adults need to understand that younger generations have a perspective we are often lacking as the older we get we often enter a kind of time warp due to information overload.😂
Thank God for Danielle. ❤
There is no such thing as a god.
You've been gaslighted and brainwashed into believing ancient mythology. 😳
When we have a president who shits his pants but yet is made to look competent, that is gaslighting
Yeah and taxing unrealized gains will get you smoked ... 4 real.
If the administration spends money like debt doesn’t matter (MMT delusion), stop defending this death spiral.
Me sharted. 😳
anti-American humiliation by our BRICs enemies aka CHINA
💯
I work in the transportation sector hauling chemicals for manufacturing, gases for fuel, ammonia and fertilizers, etc. etc. The chemical side of things came to a screeching halt back in September of 2022. As 2023 progressed everything slowed down. Workload is not what it used to be. Rates are down.
I see soooo many truck drivers looking and asking what company to go work for that actually HAS work. Problem is they’re all in the same boat. Enter any of the groups that have to do with truckers on Facebook and you see a recurring phrase “this current market.”
Semi truck prices have collapsed. I saw a listing for a 2023 Kenworth truck (that at the end of 2022 was selling for $175,000 before taxes) and it was listed for $85,000. You can find 2020s in the $30K and $40K range.
I just laugh inside when I hear about Bidenomics and how great things are. 😂
They think they can pull the wool over everyone’s eyes as if people are not experiencing firsthand, on the ground, the realities of this economy. 😂😅
My friend works in your industry and has been telling me the exact same thing.
Good luck man. Just keep working hard. As things get worse, companies will hold onto the best workers.
Agree. MSM headlines on this topic is garbage. Can’t even listen to it anymore.
The Baghdad Bob Playbook ;-)
I quit watching network news years ago.
@@gimmeshelter1969 I watch it sometimes just to find out what the lying "Narrative of The Week" is :-D
@@l.a.mottern3106 Yes, I am guilty of same in spite of my comment above. When I do force myself to view MSM it's for the reason you stated and that is a very sad commentary on the state of American news today. FWIW I believe that we are in the early stages of what will be the worst election cycle we've ever experienced in my lifetime and I fear that the aftermath of this election from hell will stretch right through the end of 2024 right into 2025 and beyond. The last place I'll go for information is the corporate news outlets that are the official manufacturers of consent for the vast majority of Americans; no wonder we have so many problems in America today!
Inflation is an individual number. If you make 1 million per year, the price of eggs is irrelevant. If you struggle to make ends meet every $ counts.
Its relative still because while the cost of eggs is irrelevant, the cost of your golf club membership and your boat docking and maintainance fees also inflates and those are relevant.
@@irfaankalamadeen9823 And you might have to think about smaller diamonds for your girl friend. Pity the rich, they have so ,many existential expenses. And all the stocks and houses they own inflate too, what a burden.
@@tatagata6268 budrens too are relative. I know people who complain about egg prices but instacart their groceries and uber eats 70% of their meals and are in debt. Most burdens are self inflicted is my point really. We all make our own choices and none of us are immune to the concequences.
@@irfaankalamadeen9823 I am sure you choose to become a world champion great scientist , artist and billionaire.
@@tatagata6268 nah.. i chose* to do the best i can with the cards i was dealt but your assumption suggests you did. Im not that ambitious/delusional.
Thank you, Danielle, for your truthful reporting! We definitely need more of this type of reporting! 🙏🏻
Amazing presentation as always Danielle, thank you!