PREPARE NOW for What Comes Next with the U.S. Economy: @adam.taggart

The Federal Reserve will struggle to make the right choice and even then, it won't matter. Economic reset may be the only option for the U.S. Economy.

#useconomy #usrecession #ushousingmarket

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[CliveBirse]

People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?

[alexsteven.m]

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.

[iadoreadonai]

Agree with both you on immigration, when my family fled from Communist Cuba in the 60’s in order to come into this country we needed to be sponsored by a working family member living here, we also had to show proof we had been vaccinated of whatever prevalent disease the US health dept was requiring at the time and learn English ‘pronto ‘so we could incorporate into American society. It was a very well organized immigration Process and took years to get out of Cuba because they would give visas to a limited amount of people .I am happy like most Cubans are too, to have contributed to the fabric of society in Miami, South Florida & USA.❤

[VitaliiSych]

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.

[ghggp]

We should not be the police of the world!
No other country sends as much of its citizens money over seas! It needs to stop!
You are so right, we need to fix the US first!

[endurorama]

Todd, please do not change your format, you do not interrupt Adam at all & take notes for possible followup questions. 💯

[Ravi-Singh-]

Adam is a great man. The guy I can resonate myself who does weights, take family to vacations, care about people, teach finance to average joe and moreover a humble man.

[fjwrjhe]

Im 46, my wife and i have never been the hardest workers, we value living over money so we have gotten by on everything from $28K a year to $80K depending on the jobs we had.

In the 08 crash food and gas went up, we adjusted, in 2015 we took a huge pay cut at our jobs "we worked at the same place" We adjusted. During rona our job took another pay cut so we just left.

Wife got lucky and landed a job paying 32 and hour but its only 6 months out of the year. Im transitioning from lawn care to last mile delivery. Stuff is TIGHT

My point is we have always tightened our belts when things got rough and we made it. I' pretty sure we could get by on $30K right now, and we have done it before.

People adjust, there is so much money wasted that can be recovered. When we made $80K for 3 years we just blew it all....

[MarciaParody]

Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject Thanks to Lindsey Jaedyn the lady you

[tennessee]

What amazes me is that so many people don't understand where our country is financially and on a world stage.. Mr Taggart is very conservative, yet he's ringing alarm bells. Most people I've talked to feel something on a world stage that's so devastating will happen before November this year. The banks run on lending money... which is a major slow down. Real-estate and construction are on a serious decline nationally. Are debt level is climbing wherein in 3 years are interest will be more than our total revenue annually. Right now in the first time in history the feds cannot bail us out in any major emergency without serious inflation. This all spells a reset which none of us know ...what it looks like.🤔

[.]

We don’t go out to eat very often (4-5 times per year). We were out last night after a retirement party for a coworker. Popped into the most expensive place in town to see if we could sit at the bar. No way! The place had a line out the door. I keep fearing the inevitable collapse but when I look around folks seem to be doing just fine. Maybe it’s a facade but for four years I have continually been amazed at the amount of folks that can continue to fund this insanely expensive cost of living.

[cogitoergosum]

I'm scared to even listen to this podcast, but here we go! And YES, THANK YOU for keeping us informed!

[Mk-KarenM]

Todd, I’m so grateful for you. The more my husband and I listen to you the more we trust and respect your wisdom. You have integrity and it’s so refreshing. Thank you! ❤❤❤

[achillesegaruoc]

I don't even need to watch this in it's entirety to know I'll like it. Adam is an awesome guest and host!
Cheers to you both!

[RichardSKLim]

Only the fittest will survive in the coming economic winter. Thanks Adam and Sachs for the great conversation, analyses and alert to the coming storm.

[pjnewton]

I think Adam is right, the more wealthy your parents, the better off you will be. I think with that goes we need to start encouraging people to pick good partners and encourage people to keep their marriages together. I see men with $2k a month in child support. Imagine 2 parents running 2 households in this economy all because the parents couldn't button up their crap and work together. You are screwing up your entire family tree.

[debbiedobrzenski]

Yes your health is very important ! At 67, all the jobs I had beat the hell out of me. Now, I'm looking for work that can sustain me. You don't get much on ss, unless you did very well over the yrs. An employers frown on older workers. They say there's no discrimination but there is . An if you have issues, they don't want to deal with. They don't care if your a good worker always there. That just the way it is. So take care of yourself. Don't become part of their machinery. Good luck out there.❤

[jvzaz]

Been watching Adam for a while. He’s has great guests and a great understanding and the ability to explain macroeconomic issues

[speteydog]

I own my home now, and it’s paid for. You could say it’s because of my parents. But I know I worked hard for 42 years. I have a masters degree, and had focus and kept my nose to the grindstone. Never lived with anybody, never had an abortion. Just did good honest hard work, and it was embarrassing at times because I had so little when other people had so much. I even lived at home for many years. I can say I’m having the last laugh now. It is a little late. But it’s darn sweet!

[TinyLuvsBostons]

1:41:06 I’m pretty sure this madness is by design. And, it’s leading to a BEAST system.