Greatest Financial Crisis And Housing Market Crash In History (2024 -) With Mike Maloney

Steep declines in asset prices (especially home values) may result in 2024 should Americans default on their debt. Mike Maloney believes, we're in the greatest financial crisis in history.

Visit and subscribe to Mikes' YouTube @Goldsilver

#usrecession #useconomy #mikemaloney

Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor.

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[Goldsilver]

Thanks for having me on your channel. Let’s do it again soon.

[Hannahbenowitz]

Achieving success hinges on the steps you actively take toward it. Accumulating wealth involves cultivating positive habits, such as consistently setting aside money at intervals for robust investments. Financial management, often avoided by many, can later become a haunting issue. My hope is that anyone reading this finds success in their journey!

[JohnDaniels]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson

[scottishguard]

Best, most honest answer for what's happening: "1, they're lying... 2, they're incompetent..."
Absolutely. 100%. Thank you for saying it out loud. EVERYONE needs to pay attention this time around, instead of getting blindsided like we did in '08.

[avenger]

What a lot of economists don't seem to understand is that the middle class cannot absorb endless price increases with endless wage erosion. We're at the end of that rope today. If these economic factors don't correct, the economic pain coming for over half the country is going to be nothing short of a tragedy.

[kmyitoo]

I have been in all facets of the real estate industry since 1981. As I said in 2005 when prices went way up, when clients would ask me what I thought, I said the higher the prices go, the harder they will fall.

[daviddaugherty]

We live about an hour north of Boston in a small town area in Essex county. The median household income is around $86K. The typical SFH price is $725K. Rent on a 2bed apartment is $3K. The math just doesn't work.

[bblauter]

I really like that the guest, invested in farmland, solar and water. And not just gold and silver, lets you know how bad he believes it’s going to be 😮

[JaneDoe-bwmn]

Great interview, thanks! Mike Maloney's Hidden Secrets of Money series is a must-watch in my opinion.

[jvahl]

As a poor retiree (rent poor after losing my nestegg and house to medical debt), I believe everything you've explained and I can only pray for a miracle to escape the country altogether with my pets before we starve to death on the street. I've already had to sell the car. 🙏😢 After working for 50 years, I am completely disgusted being stuck here.

[abriseneau]

So glad you brought Mike on the podcast. He’s a national treasure.

[robertgillies]

With all the debt that the government and everybody has the only option is to inflate their way out of it. I am an old guy. Back in the fifties when I was in highschool new homes cost between 8 and 12 thousand and gasoline was 21 cents a gallon. As always inflation will continue.

[Joesph_Shaw]

Housing Market Crash Im waiting for this crash since Covid because I want to invest where is the CRASH !??!?

[timfatout]

Crash seems eminent - but never happens - Properties right next to mine still selling for high prices and stock market is at all-time high - takes a lot of patience to wait for the crash.

[madeehasaeed]

It’s a lot worse in the United Kingdom, here back in the seventies and early eighties and historically speaking the average home price was around three (3) to three and a half (3.5) times the average annual wage or salary whereas now it is around eleven (11) to thirteen (13) the average salary making it almost impossible for the vast majority of young people to even contemplate getting on the housing ladder. So if the average wage was £20, 000 then the average house was £60-70k but now if for example we take the average wage as £40k then the average house would be between £440k and £520k, unbelievably expensive and out of reach for most except the rich.

[morbuenogroup]

The intro with Mike was nothing short of an infomercial.

[waynehaslam]

So great to see you Mike. Would love to give you a hug as I've learnt so much from you during these last eight years. You have a knack of explaining things related to the financial sector which most people would find hard to understand.

[scottmekchinda]

Very good information to educate all of us to be aware of what is going on in our world financial system. So, we can be careful and prepare for what could happen to our world financial problems.
Thank you, very much for educating to all people👍Merry​ Christmas & Happy​New Year 2024🎉💖💐🎊

[curtb.]

Great interview this. I love the fact that you're introducing your subs to alternative reporting and how it influences the real estate market.

At the same time you're helping folks to understand that not only is real estate real wealth, but also other physical assets especially commodities and precious metals such as gold and silver. Keep up the good work. Love what your channel has become in the past 12 months!

I think you'd be the guy to share with us the overview of how to purchase a residence (or really any real estate asset) "well". In other words you can never make money on the sale of real estate if you didn't buy it well. Buying at the top of the market makes it so that you have many disadvantages if and when you need to borrow against or otherwise liquidate the real estate asset. Helping people to understand The lesson that you need to buy it well in order to make money or to sell it well is an important one I think.

[TimePeace]

My takeaway was at the very end: economics is everything for a better world. In economics, it's NOT a zero game. All can benefit and work together for individuals and nations! Your guest is really inspiring. Even at one point, he refuses to be drawn in that China has been the cause of US's problems as he knows it's not.