The TRUTH Behind The WORST ECONOMY SINCE THE GREAT DEPRESSION

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Articles Mentioned in the Video

#realestate #housingmarket #homeprices #housingmarketcrash

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[oneillbilder]

When the Great Depression and other huge catastrophes occurred, I used to believe that everyone went bankrupt, but they didn't... Some made millions; I also assumed that everyone closed their businesses during these times, but certain did start new ones. It all depends on your point of view; there will always be moments of prosperity for some individuals and times of depression or recession for others. My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my life savings of $200k crumble to dust.

[Kin--]

Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.

[tatianastarcic]

The economy is grappling with uncertainties, 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.

[jiehe]

I am a restaurant owner. My average monthly sales declined about 30% in the last three months, and most of my friends in the food industry have the same problem. When the business is super slow, I like walking around the streets nearby. I see most fast food restaurants and casual restaurants are empty, while fine dining restaurants especially Michelin restaurants are full of people. So I guess the rich is getting richer and poor poorer.

[Imaworried]

You have the rare skill of letting your guest speak and allowing them actually finish their thoughts. Kudos to you.

[magicparkmemories]

My Uncle talked to me last week about the economy and he was 100 years old and he said we are in a depression. My Uncle served the Navy in the Pacific in WW2.He talked to me on July 13 and said our government lies . My Uncle passed away this week at age 100 on 7/22/24. Men today will never measure up to my Uncle. He had 11 children . He owned his own insurance firm. He lived in his house that he bought in 1958.

[Thebankfisher]

The middle class is loosing jobs and the poor are refusing to work for unlivable wages.

[michaelschiemer]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.

[kevinduveneck]

In 1992 Ross Perrot ran on the platform that our national debt was a problem and we needed to take steps to get it under control. He told people there would be pain in order to do it, and people didn't want to hear it. Yet, he did receive almost 20% of the vote from those who agreed the deficit was becoming a major issue.

[TC]

It's a global economic mess, caused by government and corporate greed.

[Patriciabanks]

The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?

[johnnydi]

I like that guy... He doesn't seem to be trying to spark fear and make everyone panic... Which of course just makes everything worse. Because a lot of this stuff is based on trust and confidence.
Good guy! 👍🏻

[riverraven]

Both of you are incredible economy broadcasters, its great to hear people discuss the situation in calm, sensible ways.

[JeanSchermerhorn]

They must have walked four or more miles to tape all that. That was the most beautiful walk that I have never been on! Your discussions gave me hope for the future.

[malcolmlove]

Michael, thank you for this powerhouse interview. You asked open ended questions that allowed Adam to free speak. You are really coming into your own as an informative YouTuber. Way to elevate your game! Much appreciated!

[petalumarob]

Great interview. I grew up in San Rafael and what Adam said about kids not being able to afford to stay in the communities they grew up in is spot on. That wasn’t normal until 25 years ago, but now it’s commonplace. That’s why so many 70 and 80+ year olds stay in their family home until they die. The neighborhoods are almost devoid of children and it’s not getting better.

[hectorchomat]

Amazing the two of you together. I follow the two of you all the time. Never seen Adam walking after so many years.

[dallasstudent]

Michael, thank you for all you do to try to inform the public. God bless you and your family!

[marionalbergo]

Michael, I watch you nightly and think you are both kind and right to the point “helpful”. Adam Taggert is a modern day Walter Cronkite and Adam smith rolled into one. Thank you both for this insightful long walking chat/interview. It was above and beyond

[miked]

Ford. Stellanis, GM and Tesla are all dropping like a rock. Sales in the automotive industry are dropping like a rock, as well as pre owned and new home sales. IT HAS BUGUN!!!