Inflation is Taking Down the U.S. Economy as Many Prepare for Another Great Depression

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  • Опубліковано 15 кві 2024
  • Inflation numbers rising as many prepare for another great depression. Live show with John Rubino
    #usinflation #useconomy #housingmarketnews
    John Rubino: rubino.substack.com
    Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor.
    Any information provided in this and any of Sachs Realty's videos and/or descriptions are for entertainment purposes only and not to be construed as broker representation, legal, financial or tax advice. All content written, spoken or implied is for informational purposes and deem to be accurate, but not guaranteed. It is your sole responsibility to verify any and all information for accuracy and correctness.
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КОМЕНТАРІ • 680

  • @paulaballetdancer4432
    @paulaballetdancer4432 29 днів тому +49

    My Hamilton Beech toaster just died and I am sooo sad! It has served me delicious, toasty bagels, waffles, cinnamon toast since 1971. Now that WAS American made. 1971-2024 Rest in Peace Toaster. 🌱

    • @donnielama6459
      @donnielama6459 26 днів тому +6

      Damn... You got your money's worth out of that toaster for sure! :)

    • @arobertpetersen
      @arobertpetersen 25 днів тому +2

      Lemme guess, it was avocado green or yellow? Quality products back then, for sure.

    • @paulaballetdancer4432
      @paulaballetdancer4432 24 дні тому +4

      @@arobertpetersen yellow 😄

    • @DouglasLippi
      @DouglasLippi 23 дні тому

      ​​@@donnielama6459lol it probably used a Megawatt per slice and was costing $50 each

    • @donnielama6459
      @donnielama6459 23 дні тому

      @@DouglasLippi true. Nice Drumset btw

  • @josephkazilionis2707
    @josephkazilionis2707 Місяць тому +36

    The problem with inflation is that most people think of it as going up or down. Inflation is cumulative! You can think of it as a pile of cost and each month we measure it and it gets added to the pile. Inflation doesn’t get smaller, it just grows at a slower or faster rate but each month it gets added to the pile. That’s why people feel worse off because the cost of everything keeps getting bigger!

    • @Z28videogates
      @Z28videogates 25 днів тому +2

      Spot on, it would actually require DEflation. It's like home prices in the late 60's to the 70's, despite a crash, the new low is never as low as the last low and likely not even as low as the last high. I see the solution is to increase supply way ahead of demand. For housing, change the laws. First time buyers are at an all time low. Boomers have had the voting power for the last 50 years but in 2028 it will be millennial's for the first time so we will see things favoring them soon just like it did for boomers. Not blaming boomers, it's just that the majority voters get what benefits them and the boomers are no longer going to be the majority. It will be interesting to watch.

    • @hcox1111
      @hcox1111 16 днів тому

      wow I found Sherlock Holmes.

    • @deborahcurtis1385
      @deborahcurtis1385 15 днів тому

      This is precisely why most wages are actually declining.

  • @joshuareuss2472
    @joshuareuss2472 Місяць тому +83

    Rubino is one of the most honest economists out there. Glad to see him here!

    • @malichicu
      @malichicu Місяць тому +5

      The guy is brilliant. So articulate ❤

    • @brucewilds7102
      @brucewilds7102 Місяць тому +5

      I wish they allowed him to talk !

    • @Detached_AZ
      @Detached_AZ Місяць тому

      @@brucewilds7102 R U kidding me? He dominated the conversation all 2 hours!!!

    • @potnoogle5780
      @potnoogle5780 27 днів тому

      Because he is white?

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 27 днів тому +1

      He is one of the most dishonest I have ever seen.

  • @kathrynj.hernandez8425
    @kathrynj.hernandez8425 28 днів тому +15

    Inflation is a deliberate policy. Could listen to Rubino all day long! Love his gentle, kind voice which overshadows the brutal truth. He's killing me softly!

  • @Metal_seer
    @Metal_seer 10 днів тому +2

    This is the best Sachs UA-cam I've seen. Thanks to both of you.

  • @nathanielcarreon5634
    @nathanielcarreon5634 Місяць тому +69

    We are in a depression already unofficially

    • @MasterRoss-sn7dl
      @MasterRoss-sn7dl Місяць тому +2

      How? Ppl still employed

    • @assyholey4224
      @assyholey4224 27 днів тому +5

      Employed at what. Steel Mfg. Car-Mfg.all 75hp tractors and down are not made in the US. Take a ride on Amtrak and look at all the empty giant MFG facility's the rail will take you a reality check.WE MAKE NOTHING

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 27 днів тому +3

      @@assyholey4224There is a reason why those bad trade jobs are going under, justifiably. Create ethical businesses.

    • @sagarrajak5313
      @sagarrajak5313 26 днів тому +9

      That's what happens when you vote for bdn

    • @j3558
      @j3558 23 дні тому +4

      @@assyholey4224 and then they dumped millions of brand new cars into fields that couldn't sell too

  • @tryolegend
    @tryolegend Місяць тому +18

    Working in walmart. Supermarket is respect. Whats wrong with that job? Whats wrong with a pumbler job or a rubbish collector? Electrician. I respect them. They make things work. On the other hand why respect the looters or the people who break in and stay at houses. I much less respect all the politicians who make laws that they use to get ur property and turn it to theirs.

  • @bpb5541
    @bpb5541 Місяць тому +44

    Yes he said it... I have been saying it for over a year. WE either crash or we hyperiflate, pick one.

    • @antpoo
      @antpoo Місяць тому +2

      Nah soft landing.

    • @user-py7hg1eb5m
      @user-py7hg1eb5m Місяць тому +1

      Print more

    • @bpb5541
      @bpb5541 Місяць тому

      @@antpoo good traders (and investors) play probabilities and possibilities using money and risk managment. How many times have we not had a recession or depression when the yield curve reinverted? Thera are arguments for 9 out of the last 10 but some say 10 out of 10. Is it possible we get a soft landing. Of course it is the probabilty of that is almost zero. That like you knowing that 9 times out of 10 ten its going to a red card... but you still bet black. You could win but the odds are not in your favor. If you are betting on back may i suggest you do not go all in on that color... maybe scale back just in case I am correct

    • @bpb5541
      @bpb5541 Місяць тому +2

      @@user-py7hg1eb5m You do realize that WWII had a lot to do with Germany's currency going almost worthless? That is because of money printing. It works until it doesn't and then the bottom falls out. A lot of folks say we are the world reserve currency we can print as much as we want with not consequences (MMT) wich of course is nonsense because if that were true we would not be dealing with inflation... and even Yellen has said we are losing more and more of the reserve currency status as time goes on. So we might very well print even more money but if we do there are consequences.

    • @user-py7hg1eb5m
      @user-py7hg1eb5m Місяць тому +3

      @@bpb5541 it’s by design

  • @HisCoconutGun
    @HisCoconutGun Місяць тому +48

    The government will absolutely choose hyperinflation.

    • @Elias-yx9gx
      @Elias-yx9gx 28 днів тому +3

      hyperinflation of the currency or just prices of everything?

    • @HisCoconutGun
      @HisCoconutGun 28 днів тому +7

      @Elias-yx9gx If you hyperinflate the currency you hyperinflate everything

    • @vberry2415
      @vberry2415 20 днів тому +1

      There is NOTHING " mainstream " about the media anymore! That is lazy alliteration and wildly inaccurate.
      They are nothing but the CRIMINALLY complicit media CCM #CCM

    • @justhomas83
      @justhomas83 17 днів тому

      Basically the government will eat itself alive, before telling us about the bail in with banks and their company leaders.
      Bankrupt is causing the dollar to decrease quickly. Globalist want to crush the middle class.

    • @justhomas83
      @justhomas83 17 днів тому +1

      It's all by design

  • @georgiahomeboyy9855
    @georgiahomeboyy9855 23 дні тому +33

    what worries me the most is our vote doesn't matter anymore!

    • @Lori-yo1yd
      @Lori-yo1yd 17 днів тому +6

      Ur vote never did matter...

    • @bobbiecrider6964
      @bobbiecrider6964 16 днів тому

      @@Lori-yo1yd yoyo new votes speak to me blue states...taxes matter...I mean who else will pay for your water LOL female voters always vote themselves free money...gboy your vote absolutely matters.

    • @b1burck
      @b1burck 15 днів тому

      Hasn't for a very long time . The Gov't took power from the people in the aftermath of the 1929 Bank runs ..starting the socialism for security tax and payroll tax shortly after. The US became the World Order in 1945 (Bretton Woods agreement). They confiscated gold and made it illegal for Americans to own for 40 straight years..

    • @b1burck
      @b1burck 7 днів тому

      Anymore?? When has it ever?? Did the people have a say when the Gov't confiscated gold and made it illegal to own for 40 straight years?? Then stripping silver from the coinage by 1964?? What about when our Gov't aligned with Saudi Arabia and fought many wars for the House of Saud?? Your vote don't matter ..just like your Bill of Rights don't really matter

    • @mariocondello2353
      @mariocondello2353 7 днів тому +2

      It does if you vote for Trump.

  • @leonardpugli5686
    @leonardpugli5686 22 дні тому +5

    Rubino is a diamond
    We shall protect him at all costs

  • @PaulbylPaulbyl
    @PaulbylPaulbyl Місяць тому +7

    This guy John Rubino is lucid and explains things well. Great guest and great host and hostess!

  • @ruthbarrett3301
    @ruthbarrett3301 Місяць тому +8

    I am in Canada and have begun to watch you faithfully...as it goes in the States Canada is sure to follow...cannot thank you enough for your willingness to dare greatly.. .your content is important honest timely and very entertaining...keep up your great work Todd and Melissa....so appreciated

  • @acesupsilver1039
    @acesupsilver1039 Місяць тому +30

    What I remember was everybody having bumper stickers BUY AMERICAN . but as usual the establishment was not put there to Hear Us...

    • @joeholden6224
      @joeholden6224 Місяць тому

      People dont even buy American cars now to put these stickers on. I'll never drive an import

    • @oldarkie3880
      @oldarkie3880 Місяць тому

      Buy American on a Chinese EV LOL

    • @sunso1991
      @sunso1991 29 днів тому +1

      funny thing was the car parts are most likely made oversea, and the sticker was made in China
      LOL

    • @pstoneking3418
      @pstoneking3418 20 днів тому

      And now very little is even made in America. It's sad we've been sold out to other countries. Personally I blame it on the unions. One of my jobs I had , the union took us out on a 6 month strike, because they were trying to get us pay raises that the company couldn't afford. Everyone I spoke with wanted to go back to work, but the union kept us out. We never recouped what we lost during that 6 months, even with the wage raise we ended up getting. Unions drove our companies out of our country by demanding too high of wages.

    • @b1burck
      @b1burck 7 днів тому

      The US can't be the World Order and supply the world with goods. China is in this cycle now ...the more money it's people make from producing goods to the world the more their standard of life increases..they can afford more luxuries ..so they export labor to buy goods . Now imagine if the world handed the Chinese the World Order and gave the yuan or renmembi the reserve currency status... Voila..China is no longer producing goods but lending the world it's currency and using the profits to expand themselves military..just like the US has since the Bretton Woods agreement

  • @jetstream3528
    @jetstream3528 Місяць тому +6

    Great show.
    Spot on and based.
    Boycott every corporation or holding company listed on the WEF

  • @wrewstervideo
    @wrewstervideo 27 днів тому +6

    At around 50 minutes Mark Rubino hit the nail on the head!

  • @charma2
    @charma2 Місяць тому +28

    this guy is right on the money!

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 27 днів тому +2

      He’s actually wrong on Trump and the trade industries.

  • @megwriter3power-gg6ml
    @megwriter3power-gg6ml Місяць тому +21

    Multiple dwellings are building fast in the United Kingdom 🇬🇧 and yes it’s their plan to make us renters. Thanks for keeping me informed about what’s going on in the United States market.

    • @ph00n0
      @ph00n0 Місяць тому

      Good way to screw over the consumer market in the meantime.

    • @buy.to.let.britain
      @buy.to.let.britain 29 днів тому

      this is why people in the uk dont work too hard.

    • @robertko5425
      @robertko5425 27 днів тому +1

      Yep - just go to Los Angeles in California and see the millions of HOMELESS TENTS all over this once prosperous city in Southern California, and is spreading into Santa Clara County where Silicon valley is as well.

    • @megwriter3power-gg6ml
      @megwriter3power-gg6ml 27 днів тому

      @@robertko5425 wow, I lived in the Bay Area in the nineties. Oh wow-sad

    • @powerbuoy
      @powerbuoy 27 днів тому

      Yep, you'll have investment funds buying up single homes, effectively blocking buyers who then have no where else to go but renting 2000 dollar 1B1B 700sqft, happens in the US right now

  • @LooneyTunes4
    @LooneyTunes4 Місяць тому +17

    Best show yet! John Rubino tells the unvarnished truth. Thank you

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 27 днів тому +1

      He told porkies as big as his wallet. (Meaning he is a liar) Not only that, he hypocritically defending corrupt trade industries, lied about what caused breakdowns of families, and he supported corrupt pharma poison peddling liars like Trump.

  • @stevekoch4
    @stevekoch4 Місяць тому +7

    Wow, Melissa, you are so patient!

  • @karensosa4767
    @karensosa4767 Місяць тому +10

    You just have to research items. About 10 years ago I purchased a outside extension cord. It was a lot more expensive than what you can get at Walmart. Although, you do not have to be concerned about it ever going bad!! Four years ago I purchased a sturdy cat scratcher tower, It cost almost 80 dollars. It is many times more sturdy than the other ones sold at shops. The one I purchased was made in America.

    • @user-wq7yc2om3d
      @user-wq7yc2om3d Місяць тому

      Can I ask the brand of cat scratcher? I'm in need of a replacement. My 15lb boy shreds them.

  • @peterwilson9327
    @peterwilson9327 Місяць тому +22

    Silent Spring was required class reading back in the 1960s. We have poisoned our planet, but life goes on 😢

    • @shanejones578
      @shanejones578 Місяць тому

      Today it’s books based on socialism and communism. Foot in the door method.

    • @assyholey4224
      @assyholey4224 27 днів тому

      Not for long. 12 mouths of your lucky.

    • @DouglasLippi
      @DouglasLippi 23 дні тому +2

      Not possible to poison a planet.

  • @lawyer1165
    @lawyer1165 Місяць тому +13

    Your guest said the federal government has only two ways of ending its debt problem: (1) deflationary depression, or (2) Weimar Republic-style inflation. A third way also exists-raise taxes on those most able to pay. By coincidence, those people and corporations were the ones who benefited the most from QE and excessive Covid spending. In addition, the politicians will have to quit wasting so much of our money.

    • @josephpurdy8390
      @josephpurdy8390 Місяць тому

      Federal government tax revenues are up 36%, since 2019.

    • @gfyabc
      @gfyabc Місяць тому

      The top 10% of income earners already pay the vast majority of income taxes. This is a grossly naive and uneducated statement straight out of a collectivist echo chamber.

    • @snow_tacknives2024
      @snow_tacknives2024 Місяць тому +1

      Who's the debt owed to? Know one can ever answer that question! This whole debt issue is a farce. It's all numbers and numbers can be easily zeroed! If they wanted to they could roll prices back across the board to 1959 prices. People are "human chattel property" to the federal government and their wealthy owners/corporations this is why we were issued a social security number, we are the slaves and our work output is their commodities gain. For the last 100+ years the ultra wealthy who own us chattel they prospered through our knowledge and labor output and or knowledge input which always benefits the rich. Patents are stolen from the creators, ideas are stolen from the the chattel and the idea makers "chattel" pay taxes on their own labor output and on the items we purchase. It's legalized theft! our ideas/knowledge are stolen while they make all the money we're thrown crumbs. Now all that collective knowledge and ideas have made them billions the chattel which is us are no longer needed, thus they labeled us now as useless eaters. We're now not needed! This what I call a silent depression that is going on designed to eliminate the middle class and lower middle class. You won't see this comment as the shadow ban all my comments.

    • @rafalrocks
      @rafalrocks Місяць тому +3

      Correct. But the last time this happened in a substantive way in the US was because the Great Depression happened and unions put a lot of pressure on FDR to institute widespread social safety measures and increase tax rates on the wealthy.

    • @darylkitchen422
      @darylkitchen422 27 днів тому +4

      Take all of the wealthy people income you still could not pay the debt

  • @emilionarvaez1415
    @emilionarvaez1415 27 днів тому +5

    Damn this is depressing 😭

    • @willieduffie4967
      @willieduffie4967 15 днів тому +1

      Yeah..... frighteningly very real! Remember the game: Distract..... Divide ......and conquer. So people let's stop fighting eachother..... because the more we do this.....the more they conquer us ......"All Of Us!"

  • @dimondDave100
    @dimondDave100 Місяць тому +30

    Very good video and John Rubino is very good always good information. I have listened to him for a few years now

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 27 днів тому +1

      After he began lying about the trade industries and hypocritically defending liars like Trump, anyone like Rubino has lost my support. I don’t support liars like that.

    • @kathrynj.hernandez8425
      @kathrynj.hernandez8425 27 днів тому +1

      @@EmilyGloeggler7984 You are the product of subversive ideology! Communism will not eat you last!

  • @charma2
    @charma2 Місяць тому +10

    so glad uve got this guest on. 🎯🎯

  • @dews3340
    @dews3340 Місяць тому +13

    Excellent and sharing post. Martin Armstrong is brilliant.

    • @kathrynj.hernandez8425
      @kathrynj.hernandez8425 27 днів тому +1

      He believes the non-elected US oligarchs are Neo-Cons. I'm sure he's correct.

  • @zleo9923
    @zleo9923 Місяць тому +7

    I am subscribed and watch your programmes from South Africa. We all need to know what is going on in the US of A!
    You have excellent guests. Keep up the great work. Many thanks.

  • @67judge
    @67judge 20 днів тому +3

    Putting food and necessary items on credit cards is so bad. At least your debit card you don’t have to pay it back.

    • @pstoneking3418
      @pstoneking3418 20 днів тому

      I use both credit & debit and payoff credit before interest is due. But these cards are the foot in the door to bring in the CBDC'S. It's been their plan since 1913 when the federal reserve was illegally created. We had our fill of central banks at that time, but the bankers made it appear to be something other than a central bank, by putting the word "federal" in the name to make people think that our government was involved and the word "reserve" fooling us into thinking that it had plenty of money in reserve. We were Duped.

    • @HistoryRepeats101
      @HistoryRepeats101 18 днів тому

      True if you can’t pay it at the end of the month. I have just started using one card to pay all bills and before my bill is due I set up payment for the entire balance. This way I don’t miss paying any bills on time. But those using CC for everything are in dire straights thanks to the great Covid scam and job losses. They’ve /Rosen so many.

    • @economiccrisis9267
      @economiccrisis9267 5 днів тому

      Using a credit card for food and gas is actually better than using a debit card

  • @ErnestoAguilar-tk6ho
    @ErnestoAguilar-tk6ho Місяць тому +5

    Great lecture from both of you and I can say respectfully that Ms.Melissa is the cherry on top!

  • @dolphinwaves
    @dolphinwaves 27 днів тому +2

    My area is full of tons of commercial real estate set up with shipping docks . Everything is brand new sitting empty and yet they are still building more of it

  • @momof4121
    @momof4121 Місяць тому +12

    Honestly I’m so confused because my area is not slowing anything down! Everyone has money and things are still moving on!

    • @gsdlover8967
      @gsdlover8967 Місяць тому +8

      Yeah they don't want to pull the plug before the election. 😂 you won't be confused after the election 😂😂

    • @MasterRoss-sn7dl
      @MasterRoss-sn7dl Місяць тому +2

      Lots of ppl or investors with tons of cash

    • @laurahenry3562
      @laurahenry3562 29 днів тому +1

      Maybe you should do some homework 📚

    • @momof4121
      @momof4121 29 днів тому

      @@laurahenry3562listen I’m not saying I don’t believe what I’m saying is that for housing my area is still tight our economy is local and for my county things are still multiple offers and cash buying it’s quite crazy. It’s horrible 😢 people still have money 💴

    • @dennyfie
      @dennyfie 28 днів тому

      Our neighbor hood has slowed a lot one of the nicest hoods in the county but it's a HOA You don't have to be 55 or older to live here but it's a active adult community,mine is going on the market real soon and got a feeling it will a long time before it sells.A house a few doors down sold really fast for over asking it was a really nice house with a nice deck,a lady moving here from the west coast,all the others just sitting.i noticed the junk homes are moving faster under 175,000​@@momof4121

  • @carovegan9174
    @carovegan9174 Місяць тому +9

    I was on the podcast of another financial analyst and tried to press like, but youtube would not let me. Said "quota reached". I refreshed and that still happened. They don't want us to figure it out! And yes, Rumble does not do that; it is a better platform that way.

  • @JohnDaniels
    @JohnDaniels Місяць тому +5

    I remember when Walmart had two huge made in the USA signs on each side of the entryways when you would go in on the outside of the building, those were taken down and I think that's when America started going down.

    • @steadysmv
      @steadysmv Місяць тому +3

      I think Walmart has been part of the problem. When Walmart moved to town the local small business owners couldn’t compete. The stores closed down as customers no longer needed the mom and pop shops. The big boxes usually have lower prices because of the volume they sell. Main Street USA has never been the same since. Then Walmart moved to the outskirts of town to avoid taxes after the tax breaks for being in town expired. As I understand it Sam Walton at least wanted “Made in the USA” and that went away after his passing for the most part. Supporting local businesses keeps cities from turning into ghost towns.

    • @laurahenry3562
      @laurahenry3562 29 днів тому

      @@steadysmvthank u 🙏sooo any people have no ability to do research,,,I see you have ,people like you need to enlighten the lazy who have a issue with research lol cracks me up because the info is an has been out there ,wait till the masses realize it’s a spiritual war an the Bible is true 🙏

    • @dennyfie
      @dennyfie 28 днів тому +1

      ​@@steadysmvI worked roll outs for Walmart all over poo dunk towns and yes I seen what it did to those small towns, exactly what you said. Ghost towns.

  • @Youknowwhatscoming
    @Youknowwhatscoming 27 днів тому +4

    Wow this podcast was such an eye opener. I couldn’t watch this that day but I took the time out on the weekend to watch it and I have immense respect for John. Thank you for bringing him Todd

  • @Love4puppies
    @Love4puppies Місяць тому +3

    Extremely interesting and John Rubino was a pleasure to listen to. Thank you!

  • @murrat
    @murrat 28 днів тому +4

    Great episode. Wonderful guest.

  • @lindamorris1035
    @lindamorris1035 Місяць тому +14

    Been prepping for 25 years and i continue to try and educate people about real money and fiat currency. I usually tell them to watch the hidden secrets of money on UA-cam! Education is power!

    • @dakotathompson8062
      @dakotathompson8062 28 днів тому

      How have you been preparing? Silver?

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 27 днів тому +1

      How do you educate people? Do you have your own UA-cam channel?

    • @HistoryRepeats101
      @HistoryRepeats101 18 днів тому +3

      I’ve given up on saying anything as I’ve found out they just don’t want to know or don’t care. I’ve even had someone say they’ll come to my house if things get really back since I’m prepared. My response, I’m prepared to include defending myself from anyone who thinks my preps are there’s because they chose not to listen.

  • @jackjohnson9449
    @jackjohnson9449 Місяць тому +13

    Todd is correct. Apprentice carpenters want $30 starting pay, but they can barely perform $12 an hour worth of work.

    • @purcelljf1
      @purcelljf1 Місяць тому +1

      When I started as a 19 year old carpenter, I started at $3.50. In 1973.
      T

    • @gmansfolks
      @gmansfolks Місяць тому +1

      $30 isn’t enough for a 1/1 anywhere. Maybe, raise your prices or find a friends kid that’s in high school?

    • @jackjohnson9449
      @jackjohnson9449 Місяць тому +2

      @@gmansfolks Your starting apprentice pay isn't supposed to be a livable wage.

    • @gmansfolks
      @gmansfolks Місяць тому +1

      And $30 isn’t a livable wage anymore. Be happy someone is willing to work for $30 in this economy. 🤷🏻‍♂️Raise your prices!

    • @jackjohnson9449
      @jackjohnson9449 Місяць тому +1

      @@gmansfolks If you make $30, then you better be producing $60, and they're not. They're producing $20 and should be paid $12.

  • @MrGoofwad
    @MrGoofwad Місяць тому +6

    God...will not be mocked.

  • @btimothygordon2777
    @btimothygordon2777 Місяць тому +4

    I get unsubscribed regularly on a multitude of channels. THIS channel is worth resubbing when needed. Rubino is one of favorites. Kudos

  • @cvrart
    @cvrart Місяць тому +4

    The startups and venture firms that had uninsured balances in SVB should have lost it all - that would have been a good educational moment and would have cooled off the market, reduced wealth effect, and REALLY nipped inflation in the bud. But, all those in charge of our institutions have a fundamental conflict of interest, since they all have investments in the market - it is IMPOSSIBLE for them to make the right decisions because of their overriding greed and self interest.

  • @MrGoofwad
    @MrGoofwad Місяць тому +8

    UA-cam has stopped me from watching approximately 8 times

  • @HistoryRepeats101
    @HistoryRepeats101 18 днів тому +1

    Making me seriously rethink my moving back to the US from South America, where I was able to and still can buy a small bucket (size of a child beach sand pail) of tomatoes, onions, mangoes, etc for $1.00 & 2 dozen roses for $5.00. my 3,000 sq ft state of the art house was $800.00 a month and all my utilities including a cell phone was $100.00. The good days. Came back because of new grand children but can’t afford to live close to them due to the cost of housing in the area where they are.

    • @willieduffie4967
      @willieduffie4967 15 днів тому

      Rethink moving back to America.....unless we change the Political Leadership.....and the old folks!"

  • @twisttwist6184
    @twisttwist6184 29 днів тому +3

    We're here. We're sharing. Looking forward to the upcoming show.

  • @PaulbylPaulbyl
    @PaulbylPaulbyl Місяць тому +17

    I remember the 1970s

    • @67judge
      @67judge 20 днів тому

      Better times than now 😊

    • @hcox1111
      @hcox1111 16 днів тому

      The 1960's were the best , look at how beautiful the car designs were, 1963 to 1969 those were the days.

    • @PaulbylPaulbyl
      @PaulbylPaulbyl 16 днів тому

      @@hcox1111 426 Hemi 👍

  • @mariocondello2353
    @mariocondello2353 7 днів тому +1

    If you can't pay, we'll take it away!

  • @therealestake
    @therealestake Місяць тому +1

    So the then-NINJAs and now-FOMOs got to bid up prices while they rented a house, not to mention commissions fees and front end interest before they ultimately default, then government bundles the houses up and serves them exclusively to the big banks for 25% of retail. And we're supposed to believe that this complete series of events just occurred naturally. Wild!

  • @charma2
    @charma2 Місяць тому +8

    Sachs has entered the phase of the rude awakening.. if he listens & understanding Armstrong! ‼️

  • @sunso1991
    @sunso1991 Місяць тому +6

    58:00 Empty malls. they can turn those into education super centers.
    a mall can be day care, elementry, middle school, high school, technical college, trade school all in one structure.
    use the anchor stores are the ends for trade schools, the loading bays can be shop class/construction trading zone
    Cafeteria turned into culinary trade school. The IT/telecom area turn into telecom technician school
    pretty much training children to operate modern infrastructure (like a intergenerational spaceship)

    • @polly8844
      @polly8844 Місяць тому +3

      It will never happen because it makes sense. It's a great idea for the use of an existing structure with such potential.

    • @sunso1991
      @sunso1991 29 днів тому +2

      and half of the parking lot turned into organic farms. teaching children the value of food, natural science, and growing produce.

    • @assyholey4224
      @assyholey4224 27 днів тому

      To late you let big bro raise your kids. Leaves them kids alone

    • @sunso1991
      @sunso1991 27 днів тому

      @@assyholey4224 big bro as in the government? Isn't the current school by the same big bro? How would using a mall structure differ from a $60 mil new school?

    • @EmilyGloeggler7984
      @EmilyGloeggler7984 27 днів тому +1

      We don’t need anymore unethical lethal corrupt union trade schools, and I say that as someone who formerly worked in trades. The money isn’t good enough to go back to shit.

  • @cgorman31
    @cgorman31 Місяць тому +7

    I’m waiting to get 2-5 acres to build on a hillside wooded lot in TN…
    Meanwhile the tax return cars are sprouting up
    Ppl used tax returns to finance their purchase of automobiles
    Insanity

  • @blancagutierrez8580
    @blancagutierrez8580 Місяць тому +3

    No, no ,no. At this time only a few people want to know the truth. The rest are so depressing to realize that we are going straight to a dark hole and decide not to eat notice or information that refreshes them about what we have to spect.😢😢

  • @jimnelson7740
    @jimnelson7740 Місяць тому +1

    always happy to hear what John R. has to say.

  • @JP-te7kd
    @JP-te7kd Місяць тому +4

    What nobody is talking about is the fact that those car manufacturers pay too much for the workers who are not very productive, that's why they shipped off a lot of those jobs.

    • @Steve-mk6rq
      @Steve-mk6rq 23 дні тому

      Daewoo is now GM Korea. Chevy Spark and Chevy Sonic.

    • @pstoneking3418
      @pstoneking3418 20 днів тому

      Exactly! I put the blame for the ridiculously high wages on the unions who in my opinion drove our companies out of this country.

    • @hcox1111
      @hcox1111 16 днів тому

      Car companies work your asses off you have to put out 800 parts per day for 300 dollars, they have 4 dollars per part and it costs 40 at the parts stores.

  • @Billy-4
    @Billy-4 Місяць тому +13

    It’s currently saying you had 2429 unique viewers during the show. Excellent episode excellent guest

  • @BuilderInventorMike
    @BuilderInventorMike 27 днів тому +1

    A great show. I'm learning a lot. Thanks John Rubino

  • @CincinnatiKid08
    @CincinnatiKid08 Місяць тому +2

    Todd, I love your show. Please get back to speaking about the housing market. I think most of your subscribers would agree that your channel is starting to move in different directions. We want to hear about the housing market. Thanks

    • @pstoneking3418
      @pstoneking3418 20 днів тому

      The housing market will crash with everything else. That will be the time to purchase a home if you still have a job.

  • @bencolandreo708
    @bencolandreo708 Місяць тому +2

    Your best podcast Todd and Melissa! If you are actually getting censored here, it’s a badge of honor.

  • @RobWilliams007
    @RobWilliams007 Місяць тому +2

    Becoming competent! So true.

  • @user-pm1xf5uf7v
    @user-pm1xf5uf7v 29 днів тому +2

    Immigrants serving in the US military is not new. I served in 1996, and several folks in my bootcamp class were serving to gain citizenship. I thought this was a very good thing.

    • @pstoneking3418
      @pstoneking3418 20 днів тому

      But not for the purpose of gaining political votes like they're doing now.

    • @pstoneking3418
      @pstoneking3418 20 днів тому

      Not if there being put into the military for political reasons.

  • @powerbuoy
    @powerbuoy 27 днів тому +2

    Retail is doing great, the latest trend is groups of 20 or more shoppers getting in and out of the store in under two minutes

  • @jackjohnson9449
    @jackjohnson9449 Місяць тому +7

    After the $787 billion bailout in 2009, the City of Los Angeles doubled the pay and pension of Firemen from $8500 $17,000 per month. Now they get $18,000 per month which is $207,000 per year.

    • @1powerequalsgod
      @1powerequalsgod 29 днів тому +2

      The State of Illinois has a pension crisis much the same where it’s the government trying to raise and keep home values extremely high to collecting higher property taxes. That future crushes the younger generations but they ultimately will win the long game because cracks, pot holes and craters form in people finances and retirement plans beyond age 50. The Boomers may own the most homes by numbers have real problems coming past 2027 when they start running out of money an they must figure out what to do with high priced homes. The younger generations want much lower homes prices and quicker payoff times a they are fewer in number based on their low birthrate years are not trending towards marriage and children to support to wanting allot of homes. 2030s and beyond something major has to give on home values escalating an it’s not favorable to Millennials or Generation X hitting their 40s, 50s and 60s an very different workforce environment with more artificial intelligence and automation technologies adopted and usage.

    • @toddlavigne6441
      @toddlavigne6441 22 дні тому

      big problem with gov't paying insanely high salaries.

    • @lc4817
      @lc4817 20 днів тому

      Hully craT, that's INSANE!!

  • @missyuriverse
    @missyuriverse Місяць тому +1

    brilliant stream

  • @piewisznia9704
    @piewisznia9704 20 днів тому

    One of the best interviews, thanks y’all!

  • @MasterRoss-sn7dl
    @MasterRoss-sn7dl Місяць тому +2

    I work my A off, finally started my own business bc of low wages, finally hit 6 figures and cannot afford a house even with a 20% down payment. Have to pay for college that my kids prob won’t be able to attend due to cost. I have zerondebt

  • @alabamashagreen2106
    @alabamashagreen2106 27 днів тому +2

    Awesome show!

  • @khsea5210
    @khsea5210 15 днів тому

    There are no inventory in my area within 10 miles. One home was listed for 599k. 8 bidders and sold for 660k in 48 hours. What happen to no demand?

  • @martinback187
    @martinback187 Місяць тому +2

    Good interview 🎉

  • @JohnDoe-np3zk
    @JohnDoe-np3zk Місяць тому

    Interesting discussion thanks.

  • @karenjensen2345
    @karenjensen2345 Місяць тому +1

    Great interview!!!

  • @eddiepaslay5616
    @eddiepaslay5616 28 днів тому +1

    Great job.

  • @eddiepaslay5616
    @eddiepaslay5616 28 днів тому +1

    Great show.

  • @sz4179
    @sz4179 27 днів тому +2

    We abandoned Afghanistan and that area and armed the Taliban. Massively. That broke the deal with Saudia Arabia.

  • @elizabethv7411
    @elizabethv7411 Місяць тому +2

    Great show

  • @briancutsinger
    @briancutsinger 27 днів тому +2

    Great Rubino!🌞

  • @RobWilliams007
    @RobWilliams007 Місяць тому

    Love John

  • @patrickcarney9177
    @patrickcarney9177 Місяць тому +5

    Rubino is correct - the people must break the spell of imposed discord and unite. These psychopaths must be stopped.

    • @helenkessler6012
      @helenkessler6012 Місяць тому +2

      I remember all the ppl that set up on the reflecting pool areas to protest Vietnam.
      I also had a $2.88 hrs job
      And a 10% mortgage
      Soup was .17 for Campbell's

  • @jeffsurfanderson
    @jeffsurfanderson Місяць тому +5

    You have to realize that the truth gets censored the most

  • @syrleneclarke1299
    @syrleneclarke1299 26 днів тому

    Thank you. Information is power

    • @Metal_seer
      @Metal_seer 10 днів тому

      Great discussion! Well worth the time! How can we surfs organize and fight back (non-violently)?

  • @rcr324
    @rcr324 24 дні тому

    Best articulation of the direct sequences we face as a civikization

  • @phoenixrising441
    @phoenixrising441 Місяць тому

    About 1/2 way through the livestream the livestream cut off for me. Would sign back in and watch UA-cam ads then instantly cut off. Had to watch 2nd half of livestream this morning

  • @Thetru_champ
    @Thetru_champ Місяць тому +1

    If the small banks know of the “plan” of the big banks, wouldn’t that be a good reason on why they wouldn’t want to foreclose on properties so easily and make plans for business?

  • @antonio17877
    @antonio17877 13 днів тому

    You are amazing - thank you.

  • @frankvalentich62
    @frankvalentich62 10 днів тому

    Great job 👏🏻 ❤

  • @brucearnold6259
    @brucearnold6259 Місяць тому

    One more John is very realistic person once again thanks

  • @Jdog667.
    @Jdog667. Місяць тому +2

    A CBDC is the monster on the horizon and it will create chaos 😮

  • @rasalcedo5679
    @rasalcedo5679 13 днів тому

    It affected the people who bought or buy very expensive houses then it collapses👈
    Then they borrowed or refinanced or took their cash from equity👈
    That happened to me
    back in 2007👈
    Now I have a home with more than $100,000 in equity for 8 years I lived in my home that I bought for $165,000 many I received a call if I need to refi or take cash I said no on rifi I was told if I lived in my home for 5 years after refi it's ok do not matter the offer if my home goes up in monthly payment the answer is no or my mortgage after refi also goes up no I never done any of that👈
    If our pocket is hurting now it will hurt more if our mort.will go higher since it doubled the price after we puchase👈
    That what bank or government do the property taxes keep going higher that is how government make their corruption👈👈👈👈

  • @kevinscottbjornson
    @kevinscottbjornson Місяць тому +4

    The promise was verbal; not in writing. Putin asked the Clintons if Russia could join NATO, Bill seriously considered that but Hillary vetoed the idea.

  • @elizabethv7411
    @elizabethv7411 Місяць тому +3

    God bless

  • @peterwilson9327
    @peterwilson9327 Місяць тому +11

    "It's our currency but it's your problem."
    😂😂😂😂😂

  • @farmfitnesspham4913
    @farmfitnesspham4913 Місяць тому

    Mr Todd should I buy a house in 2024 or should I wait I been looking for house for last 2 years can’t afford and the price is crazy rocket

  • @motoki99
    @motoki99 Місяць тому

    ありがとうございます!

  • @zj2164
    @zj2164 20 днів тому

    You're telling the truth. May God bless you all! The only hope we have is God. May the Lord help us. 🙏

  • @technodance_me
    @technodance_me 16 днів тому

    Now we know why so many CEOs resigned back before 2020

  • @paulotheurbanfarmer5982
    @paulotheurbanfarmer5982 Місяць тому +1

    Love this channel and Rubino but this one was a little drawn out and not much to the point...Would like to here more decisive info regarding the current macro environment effecting the housing market.

  • @shirlblair2051
    @shirlblair2051 20 днів тому

    Thanks!

  • @cvrart
    @cvrart Місяць тому

    Need to show government interest payments as a percentage of GDP, or as a percentage of government revenue, rather than as an absolute value.

  • @oldarkie3880
    @oldarkie3880 Місяць тому +1

    People buy things by price alone. That is why the box box stores only carry cheap Chinese stuff on the shelf. To get quality you must order it or it may not even be available. . Happens to me all the time.

  • @fearlessdrop3021
    @fearlessdrop3021 Місяць тому +3

    All the apartments they build the last few years are low income lest for ohio

  • @jamescorcoran5861
    @jamescorcoran5861 23 дні тому

    still connected! very good presentation.......