The FED Just ADMITTED THE ECONOMY IS COLLAPSING!

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Published 2024-07-21
The FED's most recent Beige Book for July 2024 just came out and what they describe is a slow economic collapse that is happening before our eyes. Almost all of the data points they point out in this report show that things are continuing to get worse in this economy and not better. I also have some personal anecdotes from subscribers to back this up.

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Articles Mentioned in the Video
capitolfax.com/2024/07/11/feds-to-spend-334-millio…
apple.news/A3ZAtfViyQO-EWSizw_7EnA
www.federalreserve.gov/monetarypolicy/files/BeigeB…
www.nbc26.com/fonddulac/its-really-going-to-cut-in…

#realestate #housingmarket #homeprices #housingmarketcrash

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All Comments (21)
  • @tonysilke
    The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
  • @Peterl4290
    The best thing that should be on everyone's mind presently should be to invest in other streams of income that doesn't depend on the govt. Especially with the current economic crisis around the world. This is still a good time to invest in gold, silver, and digital currencies (BTC,ETH...)
  • Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
  • Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
  • @twhitten828
    Anyone find it disturbing...that we Never see any Children playing outside...no Matter where these vids are made?
  • I was struggling to sell my car and couldn't find a buyer, then someone rammed into the car and totalled it and insurance paid me more than I listed it for. 🤣🤣
  • 40 pack of water went from $2.18 to $5.48 at walmart. Freon has doubled. Car insurance up 70%. Electric up 50%. You didn't have to be a genius to know printing trillions would be a problem. It will get much worse.
  • @TheHomeExpert5
    The sandwich going from $5 to $7 is not a 20% increase, it is a 40% increase!
  • @hullbruce
    Instability is being caused by the economy's struggles with uncertainty, worldwide swings, and the fallout from the epidemic. To re-establish stability and spur growth, all sectors must give rising inflation, slow growth, and trade disruptions their immediate attention.
  • FYI that grilled cheese sandwich $5-7 is not a 20 percent increase. It’s 40percent
  • @lisalove8526
    As an RN x 30 years I can tell you Healthcare Insurance in America has been taken over by private equity and greedy C Suite executives for decades now. Because NO one has enforced the laws IE Anti Trust violations, it has made them greedier than ever. This past year I have seen a marked up tick in denying/delaying care in order for them to funnel more money into their pockets. It is beyond heartbreaking.
  • @davidsee3553
    As a truck driver, it is pretty apparent. In 2020 we had a shortage of a half a million truck drivers. Fast forward to today, where there's a hundred thousand truck drivers who are unemployed because there's not enough freight to move.
  • @user-kd9ui9cv1z
    A Big Mac and 2 fish sandwiches. $21. No fries, no drink. No more McDonalds.
  • @soni7949
    Glad to see the Feds finally catch up with the rest of us...they are such clowns 😒
  • @larryregal8301
    My old landlord who was a millionaire and still is also a pilot sold off sold off all of his commercial real estate and residential 3 years ago and told me hard times are coming... Coach me into buying 20 acres and a building where I live now. Millionaire's knew this was coming
  • Not making up to a million before retirement is unfulfilled retirement.!! I’m 54 and my wife 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock and forex market made it possible for us this early, even till now we earn weekly.