The FED Just ADMITTED THE ECONOMY IS COLLAPSING!

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

#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.

[MichaelBordenaro]

McDonald's is GETTING DESPERATE AND IT'S NOT WORKING! McDonald's is GETTING DESPERATE AND IT'S NOT WORKING!

[nicolasbenson]

A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

[Peterl]

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...)

[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?

[DonaldMark-nese]

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.

[michaelschiemer]

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.

[bobsacamano]

$800 a month should be a house payment not a car payment

[attentionuniversity]

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. 🤣🤣

[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.

[nathanielcarreon]

Fed admits something ordinary people already know a long time ago

[jasonsheehan]

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.

[jschudel]

General rule: never raise prices by more than 10% at a time, because it creates a psychological block.
Going from 10.00 to 11.00, acceptable. Going from 10.00 to 10.70, people usually won't notice. Going from 10.00 to 14.00, people will look for an alternative.

[EliasNeves-iuxz]

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.

[TheHomeExpert]

The sandwich going from $5 to $7 is not a 20% increase, it is a 40% increase!

[lisalove]

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.

[mirmir]

Be careful out there. My co-worker just found out she was getting gouged at her dentist. They take all kinds of extra pictures and xrays and just bleed her insurance dry until she has to pay out of pocket for other minor procedures. Games are being played during desperate times.

[kduicvz]

A Big Mac and 2 fish sandwiches. $21. No fries, no drink.
No more McDonalds.

[davidsee]

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.

[larryregal]

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

[AwesomeDocumentary]

FYI that grilled cheese sandwich $5-7 is not a 20 percent increase. It’s 40percent