Without Another Stimulus Package the Little Guy Isn't Spending Any More Money
It used to be, you raise taxes, or even secretly make up new taxes, mostly done by democrats, and we'd think, "SOME DAY WE'LL HAVE TO PAY THIS BILL". The federal reserve will make the government print more money for them, and we'd say "SOME DAY WE'LL HAVE TO PAY THIS BILL".
Well, not anymore. It's a perfect storm. We have the great reset, an immediate jacking up the taxes and new taxes upon taxes, and half the country isn't working, and they're spending unemployment checks like drunken sailors. The small business market is imploding from lack of employees and big business is imploding from lack of customers, because no one has any money. That great reset didn't quite work out how they thought it would, put people on the government payroll and they'll love us and accept less in life.
But hold on, they forgot, we have a republic, not a kingdom. Each state, is basically a country all to its own. Everyone seems to forget this. So, when the federal government says, pay the people money, from taxpayers. The state is perfectly ready, willing and able to say no. In fact, not only can they say no, no more unemployment, because the state is actually paying, not the federal government, they can say, you either work, and make your own money, and businesses better open up, or else. And, there's nothing the federal government can really do.
When you are the one footing the bill, you make the rules. That's pretty much what ever dad says, right? I think this is why there's such hostility against dads. But, that's a whole other video, isn't it.
When we had the typical federal government, with wall street, thinking, we can milk that cheap labor, so let's get as many "undocumented workers in here as normal", but what they forgot was, there was a whole great reset going on, so no one was working, and the low skilled workers weren't working either. So boom, we have a border crisis.
The white house was caught with its pants down, because there's no demand for low pay workers, because no one is working. HOWEVER, also, the typical wall street squeeze of raising prices, when the little man is getting "free" money, also started kicking in and that's where it finally hit. The states said, no more unemployment. So no, there was no "free" money. Also, the states that were still giving out the free money, were also the states that were in the midst of the great reset and no one could come out in public, freely, and spend their money.
So the choice for wall street was, raise the prices in places that didn't have free money, or raise the prices in places where they couldn't spend the free money.
I'm not one to say the sky is falling, the sky is falling, but they all shot themselves in the foot. But here's the kicker. The little guy, in BOTH places, said that's it, no more, we're cutting you off. No more drinking up the little guy's money willy nilly.
In wood and computer graphics card, we've reached the peak. Prices are starting to fall. The white house tried to launch a shaming campaign to get the little guy to keep spending, for wall street, but it can't work, when the little guy doesn't have money.
People are also retiring early. So there's another 40% reduction in the economy. People who would have been happy to get going 10 more years, are calling it quits right now. Instead of going bankrupt or losing their business, they're packing up and retiring. It saves their credit score so they can still buy a house or a car and get decent rates on car loans and home loans.
And speaking of home loans, the other shoe to drop, is about to happen. We can have 800% price jump in wood, and not see it in home prices. Well, again, the little guy is saying no, no more. While other people are talking about a housing crash, what they're failing to educate you on is that, it's not a crash of the home prices or home loans, it's the little guy saying, I am not going to spend $500,000 on a home that yesterday was $100,000.
But wait, that's not all. Banks are saying no we're not extending credit to most people, because we know most people aren't working. So credit AKA home loans are being denied. Surely you can't have skyrocketing home prices if banks say no, we're not lending. That means, we're in the middle of a housing crash, it's just invisible right now. When it reaches something like 40% of people no longer paying $500,000 for a $100,000 house, that's the day this stops and wall street has to stop.
You got good credit? That's just you. You're lucky. People are scrambling for credit and loans. Several new companies launched with the gimmick of no credit check, no hard pull on your credit. If credit was easy to come by, do you think such companies would exist? No. There'd be no need for this. You think the white house would be saying, we need to cancel the credit rating system? It's all a thing to get the little guy credit, so he can keep buying.
I'm no fool. I know 90% of the people that get credit, aren't going to use it wisely. All the studies show it. Banks know it. Banks are saying no.
You want to hear some proof? Something like 40% of all americans, including those with a 700 credit score, are getting payday loans. You would think, with a 700 credit score the little guy doesn't need a pay day loan, but you'd be wrong. Don't bother checking google for that. Google won't share it with you.
For those of you that think, why would you need a loan, because you don't use money like that, for a person a bit more sophisticated than the average joe, money is a tool, not an end. So, an emergency loan, which is another name for payday loan, is useful to them. When banks so no, the people have to go somewhere else to get money.
We're in a bad bad situation folks. We have all these spokes in the wagon wheel pointing at us. When you think you have a handle on one problem, 20 other problems show up and say, if you fix that, you'll got 20 other more problems.
People aren't just packing up and moving back home with dad and mom, because dad and mom don't have it either. They've accepted at 50% cut in their retirement. They're eating tuna sandwiches just like you.
Hey the good news is, there's TONS of job openings. But, be warned, the company you go work for, might actually be about to shut down, permanently. Did you know Google has that as one of the categories on business listings? Closed Permanently. It's so normal, that when i was looking for something, it kept popping up, by accident, and then showing Now Open until 6pm or whatever.
So sure, you can go get a job, but in your interview, you should directly ask, how long are you all going to be in business?
Unfortunately, some companies don't know they're about to go out of business. The distributers can go out of business and boom all the companies that rely on them are done for. Imagine 5 distributers go out of business. Then the companies have no options.
We started out fantastic in 2018 and 2019, but now we're here. And My message is, no one is winning. They thought they were going to win, but, sorry charlie, your greed didn't work out this time.
I got all the international reports, all the wall street reports.
