There's a big problem there. The politicians are the ones that would have to vote for term limits. To get a majority vote on something like that would be nearly impossible. Unless it was slipped secretly into another bill.
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.❤
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!
no-one outside yr country wants america to interfere in their country either. americans as tourists and law-abiding foreign workers, yes. america as interfering evil warmongers, no.
I have always wondered why the US does this. As every day goes by i think it's more and more like a Ponzi scheme. They have to keep doing it to prop up the major debt they have. If they don't maintain some military control around the world the US will collapse under the ridiculous debt load.
@@user-vt5ln7qq4j A lot of us Americans are very upset with our leaders on this issue, and we are currently working to try and turn the tide on it. We could use your prayers. I am sick of America meddling in other nations. Like you, I would like to be at peace with my neighbors, not at war all the time. I would like us to work out trade deals that benefit both sides of the isle. Love hopes.
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.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Kristin Amy Rose is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
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.
I have observed the same where I live in the PNW. Everyone seems to complain how they are running on fumes, but restaurants are overcapacity.... I frequent restaurants all over my town b/c I've been doing food deliveries as a side hustle. I'm by no means broke, but I'm doing what I can to stay out of debt and keep my shoulders above water. Real "Bubble" vibes where I live.
@@keithspernak6456I’ve been doing food delivery full-time for about two years (husband got laid off) and I see the same thing. The amount of $ people will pay to have food delivered hither and yon still amazes me, and restaurants seem busy. 🤷♀️
Yeah but nothing new there. The same old talk about an imminent crash, or a soft landing, 30% correction blah blah. Meanwhile the SPX keeps breaking records and making new highs. If the U.S. economy hasn’t crashed at $36 TRILLION DEBT, what makes you think it will crash at $40T or $50T? They can keep going forever I have the awful impression.
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 recommended.....
I'm surprised you also trade with Lindsey Jaedyn, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
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.🤔
The economy is being medicated and #s fudged by this Administration. If/when Trump becomes President then we will see a Recession so it fan be blamed in Trump
Exactly! It's my humble opinion that residential home prices won't be coming down anytime soon, especially with the U.S. Government giving money away to large INVESTMENT FIRMS, BIG BANKS, and COMPANIES such as BLACKROCK, BLACKSTONE, VANGUARD, BERKSHIRE, FIDELITY, BANK OF AMERICA, MORGAN STANLEY CHASE, CITI GROUP, WELLS FARGO, and large HEDGE FUND MANAGEMENT COMPANIES.
Get gold and silver...the central banks are loading up on gold and they know what is around the bend...so be your own central bank and trade some fiat dollars for real wealth...it can only help either what is coming.
@@karlpierce3035to a point I think that’s true. I expect asset backed currency of some sort. I don’t think nations or people will trust anything else for a while.
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.
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....
I appreciate your honesty. I tell my children to save as much as you can in your younger years so you get prepared for when you may not be capable to work. You never know.
You can start a course correction and start saving/investing 10% of your income. Put half in the S and P 500 and half in the QQQ. When you retire in 20 years, you'll likely have a comfortable retirement. You cannot live on what you get from social security.
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!
Just finished listening to this entire interview. This is terrifying! I’ve never heard anyone lay things out like Adam just did. So we have a congress captured by special interests, spending the country into greater and greater debt, a birth rate problem, inflation that can’t be tamed without cratering the economy, … this is bad! When this crash happens, they’ll call it a black swan event but now we know that this was all not only predictable but inevitable
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.
Yes. Everything that happens in a marriage is now labeled “abuse”. Every disagreement is “verbal abuse “. We have got to learn forgiveness, if not for our sake, but for the sake of our children. Kids want their mother and father to live in the same house. And they want peace. It’s time we start prioritizing the people we made.
So my ex wife and I did everything we could to lay a foundation for a solid marriage. We did pre marriage classes, we made sure to have open lines of communication, we did self improvement work together and alone, I could go on and on. Shortly after the birth of our child in 2019, we discovered that she had latent mental illnesses that were triggered by the pregnancy hormones and it caused her to become mentally unstable. Doctors and psychologists had zero idea what was happening and were just throwing all sorts of meds at my ex wife just trying to see what would stick. Her mental episodes got so bad that it wrecked our marriage and tore our family apart. There was no salvaging our marriage, no amount of family therapy etc could've fixed or healed us and divorce really was the best option. Thankfully my ex recognized her mental instability and allowed me to have full custody of my daughter so no child support for me. As an aside, mate you sound like an absolute C**T. People don't get divorced because "the parents couldn't button up their crap and work together", they get divorced because their marriages became toxic. No, divorce shouldn't be your first recourse but sometimes it truly is inevitable and for the best. Rethink your generalization bud, it's not rooted in reality but your own personal flawed perceptions.
Inflation? Two days after President Biden canceled the keystone pipeline Saudi Arabia raise the price of oil 42%. Within two weeks of food, and gas at the pump doubled in California. Doubled!!!!! I enjoyed all two hours of it
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.❤
We are living in a scary time where truth information is hard to find. The main media have fail us greatly. I love and follow both of your programs. The context is purely awesome and most important the truth. I always learn something new at the end of the program and that is pricelss.
I know a couple people who vote Biden and watch NPR MSNBC abc CBS. They don't know anything except what indictment is sticking to Trump the best. They work for Fed government and don't have any worries. Their employer can print money
I'm fairly new to Sachs Realty but I love this channel. I love the in-depth, long interviews on different angles of the economy. I've been a huge fan of Adam's for a very long time. He speaks seemingly poetically in today's society. He has an incredible skill, during his shows, where when he's interviewing guests he follows up with a concise review of what was just said(like chapter endings if the interview was put into text) and it makes it easier to understand. This is important for people who aren't as well versed in such complex, (sometimes)convoluted issues. Great chat you two!
US pays $1 trillion dollars interest for every 3 months, and the world is not buying US debt. the FED prints money faster than the products and services are produced in the society to pay obligations (debt, war, services). it means high inflation.
It’s certainly not fair. We have an only child who now owns our house in San Diego. We purchased our wonderful house in 1982 after the big crash for an unheard of price even at that time, for $46,000. I couldn’t afford to rent it now. Our second house I purchased on the coast of Oregon for another ridiculous price, $107,000, after a three second view on a Friday, I was told that the house use to be for sale, but it’s rented now. On Monday my father called me and told me the house was for sale for $109,000. Purchased the house for $107,000. The trees blocking much of the views were cut, and. Now I look out at the Pacific on two sides, and mountains on the other side
Housing prices may have a minor correction due to a faltering economy or depression. The overall long-term trend will be dramatically higher housing prices in high demand areas because of the way housing a city planning is done in this country. It's basic math, fewer and fewer acres available for ownership leads to higher and higher prices. Think Great Britain, in particular London. The only way this will change is if there is economic development in less developed areas facilitating more evenly distributed populations. This won't occur with the state of American politics and the lack of a true unified American vision. We're headed to fiefdoms most likely dominated by very large corporations. Recommendation: Buy as much land as possible near drinkable water and support your community.
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! ❤❤❤
This interview is one of the more insightful that I have listened to in last few years. To say that we face some challenges is an obvious understatement. Our system of governance is seriously broken - it is sold to the highest bidder. Well done Todd and Adam.
The LORD, The Holy One of Israel had been warning me even prior to me coming to know Him about staying out of debt and preparing me for these times and the future ahead And I am Thankfull to him that He was preparing me for these coming times. I have no debt, my Husband and I own everything we have cars and home of course weve got to pay taxes because He does say to give Ceasar what belongs to Ceasars and to give to God what belongs to Him, so I give all Glory, Honor and Power to Him because He first Loved me and i Thank Him because He is Always Good even if i have to be Corrected by Him because of my short comings, for He Deserves all the Glory. Thanks Be to My LORD and Savior Jesus of Nazareth, The Great I Am. Amen, Amen and Amen!!!
I’ve been watching Adam for a long time. He’s a true gem - honest, personable, intelligent and with a sharp talent for synthesizing information into easily digestible summaries. Thank you. both!
Todd, you have refined your interview skills in the time I first started watching you and WOW! You are GREAT at interviewing and are entertaining some master guests. You have found your niche! Adam is my favorite kind of personality and also a wealth of information. Thank you for inviting him back. Loved you both today.
A long discussion for sure, I would add a point that we might do well to think about how our society and social structures in North America (Canada-USA) from the pioneer setler experience has been transformed by government social suuports. In other words, our early economy was driven by people in need who needed to work, could not rely much on the "dole" and had to move to places that were not always very popular places to live but a living could be scratched out there now we all want to live in the best places which are getting over crowded and many places are dying slowly largely rural small towns etc,, supply and demand issues here. so to me it is not that people can not afford to buy affordable homes, but that can't find such in places where most people want to live and find high paying jobs, sometimes people need to live and work in the lower wage sector of society. Amish Mennonites today still seem to follow this pattern as they move out of Penn for more marginal farming areas (around me about 20 years ago, and my sister up near Sault Ste Marie, Canadian side, 10 to 20 years ago). Just something to ruminate on.
The Fed realizes that inflation cannot come down as long as Gov't. spending and deficits keep ballooning. More money has to be created to buy the debt.
@@bruce5895 correct all. Fiat currency's ever tryd always have gone down to 0 00. Staring with China in the 13 century Gold and Silver Can Never go to 0. Gold and Silver always preserve your wealth ask anybody from Venezuela and Zimbabwe. 🥇🥈🥇🥈
A recession starting in 3 to 6 months. The FED Funds rate has been held at 5.5% for 9 months, in 2008 they held it at 5.5% for 12 months and the recession started and they cut rates going into the recession. I think we are seeing a deja vu of 2008.
Great discussion guys. So many of these points ring true. I made several mistakes when buying last year and didn't listen to my gut or what the math was telling me. It was clear. I had FOMO, I listened to family, I tricked myself. Lesson learned.
You can't get inflation to go away when excessive government spending is what causes inflation.They can't spend their way out of a Recession, the more they spend, the closer we get to a Depression.
We bought an used 2007 HR Ambassador /w only 30k miles back in 2022. We paid 100K for it and it and have been very pleased with the quality and workmanship. A 2007 RV is considered old, but between 2003-2010 was when the hightest quality RVs were manufactured. Rv's are expensive to maintain whether its poorly built or top-notch. In the past two years of ownership, we traveled 4,000 miles in it with the following repairs: * swapped out the original cooling unit with an amish 12v compressor for the Refrigerator- $1, 700 *Upgraded the front A/C unit - $1k * Replaced the rear toilet maserator - $300. Half-bath needs replacement now, too * All 12v LEDs lighting- $50 We're full-time in our RV on a farm, these days we don't travel to keep the repairs, wear and tare $$$ down
2 of my favorite guys (realists) ... I've been doing this for 50 years, including working with Volcker in the early 80's ... seen it all, the lies, the pump and dump ... and every mistake they make (or big banks) we pay, and pay, and pay .... there will be a Black Swan event soon ... my guess would be bonds, or a failed bond auction
Poor government spending and planning is the cause of America’s financial issues. Gov corruption. Something they said that seems false at 58:00 they paint a picture of we need to improve corporate profits to increase wages but corporate profits are at an all time high, and wages are emberassing in comparison. Clearly labor has little leverage in today’s environment.
My lucky day! My two favorite content creators, sharing their wisdom and experiences. Thank you for exploring present day challenges, including the third rail topics.
I remember the last bubble burst...we were caught in it! If another bubble bursts, The Over Inflated property that you bought WILL NOT Appraise out to Refinance!! It took us 10 years to just break even when we sold our last house!😉
I agree and would not buy a home now. Better to save and pay off both bills. Back in 2004 I saw the problem with high be prices and thought the bubble would burst. But what we’re seeing now though similar is also different. The Fed brought on this bubble and the covid pandemic brought on inflation. Also. Manufacturing is being re shored and this will cause inflation. Because it will bring jobs and higher pay. Thats a good thing. I just don’t see disaster coming.
Excellent discussion. Inflation is a hidden tax that devours capital. It is nearly impossible to save and get ahead in this financial environment. This is what happens when a society accepts debt (every US Dollar is borrowed into existence) as a substitute for real money.
Michael.....i dont understand..if new money is printed then why is debt ? As it is now borrowed from someone. And who is getting the interest on that ?
@@Learner5555 The buyer of the debt is paid interest. When someone buys a US Treasury Bond, for example, currency is issued which is backed by that bond. The bond holder receives interest from the issuer. New currency is also created through loans, including credit card debt. Fractional reserve banking allows banks to loan money they don't have. The entire system is based on debt. Hope this helps.
@@bruce5895 same principle. The best way to prepare for something like this was to take out a loan. People with loans that existed prior to the run up are having an easier time making the payments.
Exactly! It's my humble opinion that residential home prices won't be coming down anytime soon, especially with the U.S. Government giving money away to large INVESTMENT FIRMS, BIG BANKS, and COMPANIES such as BLACKROCK, BLACKSTONE, VANGUARD, BERKSHIRE, FIDELITY, BANK OF AMERICA, MORGAN STANLEY CHASE, CITI GROUP, WELLS FARGO, and large HEDGE FUND MANAGEMENT COMPANIES.
@@bruce5895 If you were to look at the chart of the dollar you would see it's going up and not down. What is happenig is the beginning stages of hyperinflation....
Adam is such a class act, such an intelligent conversation, beyond respectful and just has a palpable gage on what is happening & even though it is so negative, he finds a way to deliver it in a positive yet very serious & realistic tone.
The BEST interview vid I have seen over the past 2 years. I have watched both channels but having Adam be the interviewee was brilliant - so much knowledge and not afraid to say it. Thank you both!
This made so much sense. I started watching your channel for real estate news only two months ago. You bring so much more to the table than mere real estate news. Thanks so much!
Appreciate both Todd and Adam! So helpful!! Thankful for their platform and heart/mindset to caution and warn us of reality to wake people up (who will listen and take action) to what is beginning, already set in motion, and the long term dire impacts. If we are prepared but our neighbors are not, are we prepared to handle the likelihood of those difficult situations if a crisis occurs. Would be good to build community with your neighbors, to help them so that they can help their families/others, and may end up helping you as well to maintain your/your family's lives. So appreciate the good, honest conversation to spur us to think and act wisely to prepare as best we can for the unfortunate real situation, economically, socially, and likely tough choices ahead while we still have any choices to make. If nothing major happens (which is very, very unlikely), you will still have benefited yourself, your family, and those around you.
Great video and I would just like to add one point. You guys were discussing the position of homebuyers that purchased a home prior to 2020. One of the dynamics of this that is not often discussed is that a lot of those people that had a ton of equity because they purchased their home years before Covid did a cash out refi so even though they had a ton of equity, many of those individuals pulled out cash on their home so even though they bought at a favorable time, their loan value ratio does not have as big of a cushion of equity as it should. So even the people who purchased their home seven years ago are in the same position as someone who purchased a home in the past couple years. Those individuals are incredibly vulnerable to being upside down and having negative equity on their home
Both these Gentlemen are vary vary good. They educate a lot of us normal people what's going on in the system. I would love to hear a video from Sachs Realty about building a home what's invoved like permits and other things. Problems that come up. I would like to build a home maybe some day my self. Sachs has lots of experance in what's involved. Dealing with the city and sub contractors. I could learn a lot.
Phenomenal discussion! Yes, I stuck w/ two of my favorites all the way to the end. I’ve been following you both, so it’s great to see you together in such a symbiosis. Thanks you for your perspectives and open discussion. Your service to humanity does not go overlooked. Lastly - Adam,, offense cannot be given, it can only be taken. And in a negatropic universe, polarity and contrast are invariably a necessary component to progression and expansion.
@adam.taggert great to see you speaking more. It’s like a “cliff note” version of your channel. Excellent interview too Todd. You give your guests so much space to talk. Well done 👍🏻
The worst words in the world are: "Hi, we are from the government! We are here to help!" - shut your doors, close your windows! - If needed, run or fly as fast as you can. - taxation without representation is *_theft!_* - the installed zombies and cowards and clowns, need to check their buttöx, before they wreck their arse! - The Republic, for which it stood, his gone. - Congress can dissolve The Fed! - Then we can restore The Republic, county by county - city by city and State by State!
I am so extremely grateful for your time, and sharing so much valuable information !! The info you provide on this channel helps me feel more secure in my decision making on important issues, thanks again 🙂
Thanks gents- a discursive presentation. I hear alot about a decade of low inflation. In reality a decade of mass inflation of real estate - free money easy investment- easy returns, increasing asset growth. Now the commercial 'real estate' is a huge liability for investors, banks, and the shadow banking sector, and that will cascade into the housing sector-
Oh I don't know about that because where I use to work the employer knew he could pay them much less to do the same work just like hiring green card workers that just came to America they would scoop them up cheap and line there pockets up with cheap labor.
Adam interviewing so many experts and being such a good interviewer and smart makes him a expert of experts! Fully agree with the both of you. Taggart for president. If you need a new home Adam we here in New Zealand would welcome you with open arms! Thanks guys
Families have been torn apart by a lack of morality and stability. Schools don't teach basics just social garbage and politics. The entire country and the world for that matter is in freefall.
Still my fave channel. I am overjoyed that your numbers are blowing up, and i will say i started listening way back in the beginning. You are excellent at your now 2nd career! Jeannine
I’m just gonna ask this very simply. So what will happen to my bank account in the event of a major reset. What will happen to my cash. What will happen to my 401K. Will it totally disappear? Should I just start spending all Willy Nilly while I have the money? I’m just not understanding what exactly is gonna happen. I understand a “reset” but what does that mean. How will life change. Please and thank you.
It's recommended you buy food, water, emergency supplies, keep cash somewhere, buy gold or silver, barter items like liquor, cigarettes, spices, coffee, and hate to say ammo. Maybe even camping supplies, fire starters, small grill, tent, etc. in case you need to leave. PRAY HARD
On Adam's show last his host hit the nail on the head. When he said the USA is becoming a Banana republic. You have to understand why he said it. There will be very rich and poor.
I think we are already there- we have over 650k homeless and that's the most current data available but we know it's gone up. Cities are already reporting increases
Paid 8 percent 48 yrs. ago on a Farmer Loan in a new housing division.Still living in paid for house. My point being interest rates in last 4 or 5 yrs have been ridiculously low.
Peter Schiff has not called out for a housing crash as he did 2006/2007. My brother had the money to buy a house in 2017 but followed people that said a housing crash was imminent. He waited for the housing crash and housing prices doubled. His investments made at best 10% but he can’t buy a house and can only rent. He’s hoping for a SoCal housing crash but that’s not likely to happen unless there’s a severe stock market crash.
Adam I'm around the same age as your kids and graduated fairly recently and I can confirm I have the same experience as your kids. A lot of places are accepting applications but they're not actively hiring. They're just keeping a backlog of candidates.
Super frustrating for you and your peers. I graduated in 1994 at the tail end of a recession and jobs were scarce then, too. It sucked. I had to hustle HARD to get a job, and so likely will you. But keep at it. All you need is one 'yes', and with enough persistence, you'll get it.
@@adam.taggart Yup, I've accepted that. It gets even harder over time because it's hard to land a job when jobs are scarce, but employers still act like a resume gap is unjustifiable no matter the macroeconomic environment. Worst comes to worst, it just becomes a waiting game for this rolling quasi recession to boil over and for rates to drop so (white collar) job demand is high again. Love what you do, thank you for sharing your experience.
I really enjoyed both of you touching on so many matters. I'm in Canada and follow this channel. Because in 5 years I would like to move to Oregon,. Tillamook area.
Big money flooded into the residential market propping it up which has delayed the effect. When the stock market corrects, these investments will drop from a lack of liquidity and then housing crashes.
Go to thoughtfulmoney.com/ to sign up for Adam's free newsletter or schedule your free consultation.
' How Much of American's Tax Money Funds War ? / The Take . '
Are you still on Spotify,?
WHY NO TIMESTAMPS?
Delinquencies , insolvency and bankruptcies. The only reason you don't see Bread lines is everybody's on the EBT food card!
One of the best episodes I have ever heard in my entire life...thank you both
We need TERM LIMITS in Congress.
And we need to divest from the Jwsh Isrli lobby A IPAC COMPLETELY.
There's a big problem there. The politicians are the ones that would have to vote for term limits. To get a majority vote on something like that would be nearly impossible. Unless it was slipped secretly into another bill.
Nearly impossible because the politicians are the ones that would have to vote for term limits.
@@pstoneking3418 The whole sysyem is corrupt your vote is nothing never will change there is agenda Goyim
New crap or old it’s still crap
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.❤
All the rich people fled Cuba after bleeding it dry.
I'm glad you and your family escaped communism.
Not surprised you wanted to get out of Cuba considering what I see has happened to other satellites of Cuba like Venezuela.
Thanks for sharing your story. The contrast from them and now really shows how out of control our immigration system is now! ❤
Communism, is coming to the US.
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!
no-one outside yr country wants america to interfere in their country either. americans as tourists and law-abiding foreign workers, yes. america as interfering evil warmongers, no.
I have always wondered why the US does this. As every day goes by i think it's more and more like a Ponzi scheme. They have to keep doing it to prop up the major debt they have. If they don't maintain some military control around the world the US will collapse under the ridiculous debt load.
Dont worry Germans do this now.
@@user-vt5ln7qq4j A lot of us Americans are very upset with our leaders on this issue, and we are currently working to try and turn the tide on it. We could use your prayers. I am sick of America meddling in other nations. Like you, I would like to be at peace with my neighbors, not at war all the time. I would like us to work out trade deals that benefit both sides of the isle. Love hopes.
The government sends money overseas expecting to get more back later. Blackrock already has farming and mining contracts with Ukraine, for example. 😮
Todd, please do not change your format, you do not interrupt Adam at all & take notes for possible followup questions. 💯
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.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Kristin Amy Rose is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
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.
I have observed the same where I live in the PNW. Everyone seems to complain how they are running on fumes, but restaurants are overcapacity.... I frequent restaurants all over my town b/c I've been doing food deliveries as a side hustle. I'm by no means broke, but I'm doing what I can to stay out of debt and keep my shoulders above water. Real "Bubble" vibes where I live.
People are running up their credit cards
@@saulpulido9937 Yeah, I am having to use my cc for basic groceries.
The upper middle class and up will likely weather this ok.
@@keithspernak6456I’ve been doing food delivery full-time for about two years (husband got laid off) and I see the same thing. The amount of $ people will pay to have food delivered hither and yon still amazes me, and restaurants seem busy. 🤷♀️
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!
Yeah but nothing new there. The same old talk about an imminent crash, or a soft landing, 30% correction blah blah. Meanwhile the SPX keeps breaking records and making new highs. If the U.S. economy hasn’t crashed at $36 TRILLION DEBT, what makes you think it will crash at $40T or $50T? They can keep going forever I have the awful impression.
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 recommended.....
That is true my dear, Investment is the best idea presently and without it, human struggles are worthless.
I'm surprised you also trade with Lindsey Jaedyn, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.
That woman totally changed my life for good. I have come across individuals but none is as honest as Lindsey. So surprised you know her too.
just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Is there anywhere I can get across this woman for a startup???
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.🤔
The economy is being medicated and #s fudged by this Administration. If/when Trump becomes President then we will see a Recession so it fan be blamed in Trump
Exactly! It's my humble opinion that residential home prices won't be coming down anytime soon, especially with the U.S. Government giving money away to large INVESTMENT FIRMS, BIG BANKS, and COMPANIES such as BLACKROCK, BLACKSTONE, VANGUARD, BERKSHIRE, FIDELITY, BANK OF AMERICA, MORGAN STANLEY CHASE, CITI GROUP, WELLS FARGO, and large HEDGE FUND MANAGEMENT COMPANIES.
If you look to other countries that have gone through it you will know what it looks like.
Get gold and silver...the central banks are loading up on gold and they know what is around the bend...so be your own central bank and trade some fiat dollars for real wealth...it can only help either what is coming.
@@karlpierce3035to a point I think that’s true. I expect asset backed currency of some sort. I don’t think nations or people will trust anything else for a while.
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.
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.
AMEN!!!
They kept on telling us how horrible China is, how China's economy gonna collapse, every single day, for the past 10 years
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....
I appreciate your honesty. I tell my children to save as much as you can in your younger years so you get prepared for when you may not be capable to work. You never know.
You can start a course correction and start saving/investing 10% of your income. Put half in the S and P 500 and half in the QQQ. When you retire in 20 years, you'll likely have a comfortable retirement. You cannot live on what you get from social security.
I'm scared to even listen to this podcast, but here we go! And YES, THANK YOU for keeping us informed!
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!
Been watching Adam for a while. He’s has great guests and a great understanding and the ability to explain macroeconomic issues
Just finished listening to this entire interview. This is terrifying! I’ve never heard anyone lay things out like Adam just did.
So we have a congress captured by special interests, spending the country into greater and greater debt, a birth rate problem, inflation that can’t be tamed without cratering the economy, … this is bad! When this crash happens, they’ll call it a black swan event but now we know that this was all not only predictable but inevitable
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.
Yes. Everything that happens in a marriage is now labeled “abuse”. Every disagreement is “verbal abuse “. We have got to learn forgiveness, if not for our sake, but for the sake of our children. Kids want their mother and father to live in the same house. And they want peace. It’s time we start prioritizing the people we made.
Actually more women own houses than men
@@NutsNBerriesWhat's your source ?
So my ex wife and I did everything we could to lay a foundation for a solid marriage. We did pre marriage classes, we made sure to have open lines of communication, we did self improvement work together and alone, I could go on and on. Shortly after the birth of our child in 2019, we discovered that she had latent mental illnesses that were triggered by the pregnancy hormones and it caused her to become mentally unstable. Doctors and psychologists had zero idea what was happening and were just throwing all sorts of meds at my ex wife just trying to see what would stick. Her mental episodes got so bad that it wrecked our marriage and tore our family apart. There was no salvaging our marriage, no amount of family therapy etc could've fixed or healed us and divorce really was the best option. Thankfully my ex recognized her mental instability and allowed me to have full custody of my daughter so no child support for me.
As an aside, mate you sound like an absolute C**T. People don't get divorced because "the parents couldn't button up their crap and work together", they get divorced because their marriages became toxic. No, divorce shouldn't be your first recourse but sometimes it truly is inevitable and for the best. Rethink your generalization bud, it's not rooted in reality but your own personal flawed perceptions.
Your right people get married divorced and remarried. Also to many people borrow against there homes.Losr there security
Inflation? Two days after President Biden canceled the keystone pipeline Saudi Arabia raise the price of oil 42%. Within two weeks of food, and gas at the pump doubled in California. Doubled!!!!!
I enjoyed all two hours of it
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.❤
We are living in a scary time where truth information is hard to find. The main media have fail us greatly. I love and follow both of your programs. The context is purely awesome and most important the truth. I always learn something new at the end of the program and that is pricelss.
I know a couple people who vote Biden and watch NPR MSNBC abc CBS. They don't know anything except what indictment is sticking to Trump the best. They work for Fed government and don't have any worries. Their employer can print money
I really think a lot of people have woken up to the main stream media... Thanks to our GREAT President Trump 🖐️💥
Do not listen media, listen people around you.
Insurance and taxes are killing FOMOs
I tuned in because of Adam. Thanks for your Honesty and Integrity. You have a track record for providing BOTH.
Thank you so much for those kind words!
I'm fairly new to Sachs Realty but I love this channel. I love the in-depth, long interviews on different angles of the economy. I've been a huge fan of Adam's for a very long time. He speaks seemingly poetically in today's society. He has an incredible skill, during his shows, where when he's interviewing guests he follows up with a concise review of what was just said(like chapter endings if the interview was put into text) and it makes it easier to understand. This is important for people who aren't as well versed in such complex, (sometimes)convoluted issues. Great chat you two!
Thanks for those very kind words!
US pays $1 trillion dollars interest for every 3 months, and the world is not buying US debt.
the FED prints money faster than the products and services are produced in the society to pay obligations (debt, war, services). it means high inflation.
Who is the $ owed to?
@@SUBZEROUKSmostly to the federal reserve
Currently the US is printing less money than it has pre covid.
@@SUBZEROUKS the point is inflation (a lot of money competing for shrinking available resources).
It’s certainly not fair. We have an only child who now owns our house in San Diego. We purchased our wonderful house in 1982 after the big crash for an unheard of price even at that time, for $46,000. I couldn’t afford to rent it now. Our second house I purchased on the coast of Oregon for another ridiculous price, $107,000, after a three second view on a Friday, I was told that the house use to be for sale, but it’s rented now. On Monday my father called me and told me the house was for sale for $109,000. Purchased the house for $107,000. The trees blocking much of the views were cut, and. Now I look out at the Pacific on two sides, and mountains on the other side
I am a realist. So are both of you, so thank you for being realitic about this messy economy and proper reactions to it.
Housing prices may have a minor correction due to a faltering economy or depression. The overall long-term trend will be dramatically higher housing prices in high demand areas because of the way housing a city planning is done in this country. It's basic math, fewer and fewer acres available for ownership leads to higher and higher prices. Think Great Britain, in particular London.
The only way this will change is if there is economic development in less developed areas facilitating more evenly distributed populations. This won't occur with the state of American politics and the lack of a true unified American vision. We're headed to fiefdoms most likely dominated by very large corporations. Recommendation: Buy as much land as possible near drinkable water and support your community.
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! ❤❤❤
This interview is one of the more insightful that I have listened to in last few years. To say that we face some challenges is an obvious understatement. Our system of governance is seriously broken - it is sold to the highest bidder. Well done Todd and Adam.
1:41:06 I’m pretty sure this madness is by design. And, it’s leading to a BEAST system.
Yes. It amazes me how even smart influencers keep giving our controllers the benefit of the doubt
Get out of debt!!
Beast system is already here, that’s why this is happening
The LORD, The Holy One of Israel had been warning me even prior to me coming to know Him about staying out of debt and preparing me for these times and the future ahead And I am Thankfull to him that He was preparing me for these coming times. I have no debt, my Husband and I own everything we have cars and home of course weve got to pay taxes because He does say to give Ceasar what belongs to Ceasars and to give to God what belongs to Him, so I give all Glory, Honor and Power to Him because He first Loved me and i Thank Him because He is Always Good even if i have to be Corrected by Him because of my short comings, for He Deserves all the Glory. Thanks Be to My LORD and Savior Jesus of Nazareth, The Great I Am. Amen, Amen and Amen!!!
I’ve been watching Adam for a long time. He’s a true gem - honest, personable, intelligent and with a sharp talent for synthesizing information into easily digestible summaries. Thank you. both!
Todd, you have refined your interview skills in the time I first started watching you and WOW! You are GREAT at interviewing and are entertaining some master guests. You have found your niche! Adam is my favorite kind of personality and also a wealth of information. Thank you for inviting him back. Loved you both today.
Thank you 🙏
A long discussion for sure,
I would add a point that we might do well to think about how our society and social structures in North America (Canada-USA) from the pioneer setler experience has been transformed by government social suuports.
In other words, our early economy was driven by people in need who needed to work, could not rely much on the "dole" and had to move to places that were not always very popular places to live but a living could be scratched out there
now we all want to live in the best places which are getting over crowded and many places are dying slowly largely rural small towns etc,, supply and demand issues here.
so to me it is not that people can not afford to buy affordable homes, but that can't find such in places where most people want to live and find high paying jobs, sometimes people need to live and work in the lower wage sector of society. Amish Mennonites today still seem to follow this pattern as they move out of Penn for more marginal farming areas (around me about 20 years ago, and my sister up near Sault Ste Marie, Canadian side, 10 to 20 years ago).
Just something to ruminate on.
The Fed realizes that inflation cannot come down as long as Gov't. spending and deficits keep ballooning. More money has to be created to buy the debt.
The same as in Venezuela and Zimbabwe very. Soon. US Dollar = Zimbabwe dollars = Venezuela bulivar
@@bruce5895 correct all. Fiat currency's ever tryd always have gone down to 0 00. Staring with China in the 13 century Gold and Silver Can Never go to 0. Gold and Silver always preserve your wealth ask anybody from Venezuela and Zimbabwe. 🥇🥈🥇🥈
They have no tool to lower inflation with crazy spending we have
That was the best global economic interview EVER. Thank you very much.
Adam is a great guy. Thanks Todd. This channel is so beneficial. We appreciate everything 👍
Todd and Adam, great discussion. Genuine guys, the world needs more people like you!
A recession starting in 3 to 6 months. The FED Funds rate has been held at 5.5% for 9 months, in 2008 they held it at 5.5% for 12 months and the recession started and they cut rates going into the recession. I think we are seeing a deja vu of 2008.
The market is SO GOOD it can't tolerate a lousy 5.5 interest rate.
@@erickanter Dow should hit 100,000 in a couple of years :-)
Great discussion guys. So many of these points ring true. I made several mistakes when buying last year and didn't listen to my gut or what the math was telling me. It was clear. I had FOMO, I listened to family, I tricked myself. Lesson learned.
Adam Taggart is a financial interview legend.
You can't get inflation to go away when excessive government spending is what causes inflation.They can't spend their way out of a Recession, the more they spend, the closer we get to a Depression.
They control inflation by increasing taxes.
Thanks for having Adam on again, he is a wealth of knowledge. Always a great interview with him, please have him on again.
Our evonomy is already teetering on collapse.
Lowering interest rates (i.e. printing more money) will definitely trigger the collapse immediately!
Printing and giving out money without a return current administration causing this and hurting the world worse then ourselves
We bought an used 2007 HR Ambassador /w only 30k miles back in 2022. We paid 100K for it and it and have been very pleased with the quality and workmanship.
A 2007 RV is considered old, but between 2003-2010 was when the hightest quality RVs were manufactured. Rv's are expensive to maintain whether its poorly built or top-notch.
In the past two years of ownership, we traveled 4,000 miles in it with the following repairs:
* swapped out the original cooling unit with an amish 12v compressor for the Refrigerator- $1, 700
*Upgraded the front A/C unit - $1k
* Replaced the rear toilet maserator - $300. Half-bath needs replacement now, too
* All 12v LEDs lighting- $50
We're full-time in our RV on a farm, these days we don't travel to keep the repairs, wear and tare $$$ down
Who cares?
2 of my favorite guys (realists) ... I've been doing this for 50 years, including working with Volcker in the early 80's ... seen it all, the lies, the pump and dump ... and every mistake they make (or big banks) we pay, and pay, and pay .... there will be a Black Swan event soon ... my guess would be bonds, or a failed bond auction
Poor government spending and planning is the cause of America’s financial issues. Gov corruption. Something they said that seems false at 58:00 they paint a picture of we need to improve corporate profits to increase wages but corporate profits are at an all time high, and wages are emberassing in comparison. Clearly labor has little leverage in today’s environment.
Tod and Adam you both are my two favorite TH-cam financial interviewers.
Always enjoy hearing Adam's perspective.
I listen to everything Adam Taggart is on. He is the most trusted voices macro-economic analysis and interviews. 💯💯👍🏾👍🏾✅✅👌👌
Wow -- thank you for those most kind words! I'm humbled.
My lucky day! My two favorite content creators, sharing their wisdom and experiences. Thank you for exploring present day challenges, including the third rail topics.
Adam is spot on with his well spoken scenario re: the electoral shell game. Great collab with Todd and Adam thank you
Adam is a very brilliant guy- respect him greatly. Shows Todd’s talent having him here!!
I remember the last bubble burst...we were caught in it! If another bubble bursts, The Over Inflated property that you bought WILL NOT Appraise out to Refinance!! It took us 10 years to just break even when we sold our last house!😉
I agree and would not buy a home now. Better to save and pay off both bills.
Back in 2004 I saw the problem with high be prices and thought the bubble would burst.
But what we’re seeing now though similar is also different. The Fed brought on this bubble and the covid pandemic brought on inflation.
Also. Manufacturing is being re shored and this will cause inflation. Because it will bring jobs and higher pay. Thats a good thing.
I just don’t see disaster coming.
Wrong. Property values will hold and rise.
You and your guest are just out of this world!!!
I wish there were more people like You!!!
God bless both of you!!!!🙏🙏🙏😍😍
Excellent discussion. Inflation is a hidden tax that devours capital. It is nearly impossible to save and get ahead in this financial environment. This is what happens when a society accepts debt (every US Dollar is borrowed into existence) as a substitute for real money.
Saving is easy: BTC . I've doubled my IRA by owning microstrategy shares and Blackrocks btc ETF.
Michael.....i dont understand..if new money is printed then why is debt ? As it is now borrowed from someone. And who is getting the interest on that ?
@@Learner5555 The buyer of the debt is paid interest. When someone buys a US Treasury Bond, for example, currency is issued which is backed by that bond. The bond holder receives interest from the issuer. New currency is also created through loans, including credit card debt. Fractional reserve banking allows banks to loan money they don't have. The entire system is based on debt. Hope this helps.
We’re in a crash right now. A crash up. Everything got expensive.
@@bruce5895 same principle. The best way to prepare for something like this was to take out a loan. People with loans that existed prior to the run up are having an easier time making the payments.
Exactly! It's my humble opinion that residential home prices won't be coming down anytime soon, especially with the U.S. Government giving money away to large INVESTMENT FIRMS, BIG BANKS, and COMPANIES such as BLACKROCK, BLACKSTONE, VANGUARD, BERKSHIRE, FIDELITY, BANK OF AMERICA, MORGAN STANLEY CHASE, CITI GROUP, WELLS FARGO, and large HEDGE FUND MANAGEMENT COMPANIES.
@@bruce5895 If you were to look at the chart of the dollar you would see it's going up and not down. What is happenig is the beginning stages of hyperinflation....
Adam is such a class act, such an intelligent conversation, beyond respectful and just has a palpable gage on what is happening & even though it is so negative, he finds a way to deliver it in a positive yet very serious & realistic tone.
The BEST interview vid I have seen over the past 2 years. I have watched both channels but having Adam be the interviewee was brilliant - so much knowledge and not afraid to say it. Thank you both!
Great job. I listened to the entire show because it was so interesting and helpful. Thank you both so much !!!
This made so much sense. I started watching your channel for real estate news only two months ago. You bring so much more to the table than mere real estate news. Thanks so much!
Question on buying treasuries: With these levels of deficits, isn’t the risk of US defaulting too high?
Appreciate both Todd and Adam! So helpful!! Thankful for their platform and heart/mindset to caution and warn us of reality to wake people up (who will listen and take action) to what is beginning, already set in motion, and the long term dire impacts. If we are prepared but our neighbors are not, are we prepared to handle the likelihood of those difficult situations if a crisis occurs. Would be good to build community with your neighbors, to help them so that they can help their families/others, and may end up helping you as well to maintain your/your family's lives. So appreciate the good, honest conversation to spur us to think and act wisely to prepare as best we can for the unfortunate real situation, economically, socially, and likely tough choices ahead while we still have any choices to make. If nothing major happens (which is very, very unlikely), you will still have benefited yourself, your family, and those around you.
Great video and I would just like to add one point. You guys were discussing the position of homebuyers that purchased a home prior to 2020. One of the dynamics of this that is not often discussed is that a lot of those people that had a ton of equity because they purchased their home years before Covid did a cash out refi so even though they had a ton of equity, many of those individuals pulled out cash on their home so even though they bought at a favorable time, their loan value ratio does not have as big of a cushion of equity as it should. So even the people who purchased their home seven years ago are in the same position as someone who purchased a home in the past couple years. Those individuals are incredibly vulnerable to being upside down and having negative equity on their home
Both these Gentlemen are vary vary good. They educate a lot of us normal people what's going on in the system. I would love to hear a video from Sachs Realty about building a home what's invoved like permits and other things. Problems that come up. I would like to build a home maybe some day my self. Sachs has lots of experance in what's involved. Dealing with the city and sub contractors. I could learn a lot.
I will work on this for a future video.
Phenomenal discussion! Yes, I stuck w/ two of my favorites all the way to the end. I’ve been following you both, so it’s great to see you together in such a symbiosis.
Thanks you for your perspectives and open discussion. Your service to humanity does not go overlooked.
Lastly - Adam,, offense cannot be given, it can only be taken. And in a negatropic universe, polarity and contrast are invariably a necessary component to progression and expansion.
@adam.taggert great to see you speaking more. It’s like a “cliff note” version of your channel.
Excellent interview too Todd. You give your guests so much space to talk. Well done 👍🏻
Adam Taggart is a great guest and has a great channel, Thoughtful Money. Breath of fresh air from both. Thank you.
My family never recovered from the Great Financial Crisis.
They don't realize they are next. 😮
The worst words in the world are:
"Hi, we are from the government! We are here to help!"
- shut your doors, close your windows!
- If needed, run or fly as fast as you can.
- taxation without representation is *_theft!_*
- the installed zombies and cowards and clowns, need to check their buttöx, before they wreck their arse!
- The Republic, for which it stood, his gone.
- Congress can dissolve The Fed!
- Then we can restore The Republic, county by county - city by city and State by State!
What great financial crisis? You mean 1929? 😂
@@modo203 2008
@@thefarmersdaughter8235 Next for what lol?
I am so extremely grateful for your time, and sharing so much valuable information !! The info you provide on this channel helps me feel more secure in my decision making on important issues, thanks again 🙂
Thanks gents- a discursive presentation. I hear alot about a decade of low inflation. In reality a decade of mass inflation of real estate - free money easy investment- easy returns, increasing asset growth.
Now the commercial 'real estate' is a huge liability for investors, banks, and the shadow banking sector, and that will cascade into the housing sector-
Adam Taggart speaks so thoughtfully and gracefully on battleground issues. Thank you Todd! I so enjoy checking in each week. #ansleyrealestate
That makes me so mad - of course no-one wants to hire criminals! If any judge rules in the criminal's favor the judge should be dis-barred and fired!
Oh I don't know about that because where I use to work the employer knew he could pay them much less to do the same work just like hiring green card workers that just came to America they would scoop them up cheap and line there pockets up with cheap labor.
Define criminal
@@indman101 bingo. US depends on mass incarceration in many aspects
@@prolific1518 America is not able to do that.
Adam interviewing so many experts and being such a good interviewer and smart makes him a expert of experts! Fully agree with the both of you. Taggart for president. If you need a new home Adam we here in New Zealand would welcome you with open arms! Thanks guys
Luv adam. Guy is fantastic and a great interviewer!
Agreed
Excellent discussion !!! I have shared it with a few already !!! Thanks for so many fresh insights !!!
Todd, you keep nailing it with phenomenal guests!
Families have been torn apart by a lack of morality and stability. Schools don't teach basics just social garbage and politics. The entire country and the world for that matter is in freefall.
Very professional and informative discussion I give high praise to both of you👏
Still my fave channel. I am overjoyed that your numbers are blowing up, and i will say i started listening way back in the beginning. You are excellent at your now 2nd career! Jeannine
I’m just gonna ask this very simply. So what will happen to my bank account in the event of a major reset. What will happen to my cash. What will happen to my 401K. Will it totally disappear? Should I just start spending all Willy Nilly while I have the money? I’m just not understanding what exactly is gonna happen. I understand a “reset” but what does that mean. How will life change. Please and thank you.
Start keeping cash-on-hand.
If there's a run on banks you won't be caught offguard.
Prepare for anything by first, getting to know the Lord.
It's recommended you buy food, water, emergency supplies, keep cash somewhere, buy gold or silver, barter items like liquor, cigarettes, spices, coffee, and hate to say ammo. Maybe even camping supplies, fire starters, small grill, tent, etc. in case you need to leave. PRAY HARD
Thank you both. Fantastic video....listen to Adam frequently.
Thank you Adam for talking about immigration and how it affects debt, growth
What about all the criminals coming in? How do they help out our country? We have a hot mess on our hands.
They don't. But soon they will help themselves to your home, food, etc...
OK, we’re at the end of your review and I have to honestly say I really appreciate it and it was top shelf
Excited for this one! Happy to see you both doing a video (again), this will be great! Thanks.
On Adam's show last his host hit the nail on the head. When he said the USA is becoming a Banana republic. You have to understand why he said it. There will be very rich and poor.
I think we are already there- we have over 650k homeless and that's the most current data available but we know it's gone up. Cities are already reporting increases
Terrifying 😢
People don't understand what a banana republic is. I turned it off when they said that.
@@prolific1518 whats it tgen? A plutocracy??
Great interview I watched the entire interview in one sitting!!👍🏽🌹
Paid 8 percent 48 yrs. ago on a Farmer Loan in a new housing division.Still living in paid for house. My point being interest rates in last 4 or 5 yrs have been ridiculously low.
Ben low since 2008..
You had more disposable income back then even with the high (low for your time) interest rate.
No we did not have more money difference is inflation
Great interview by both of you! You are both my favorites to listen to on these subjects.
Peter Schiff has not called out for a housing crash as he did 2006/2007. My brother had the money to buy a house in 2017 but followed people that said a housing crash was imminent. He waited for the housing crash and housing prices doubled. His investments made at best 10% but he can’t buy a house and can only rent. He’s hoping for a SoCal housing crash but that’s not likely to happen unless there’s a severe stock market crash.
Adam Taggert is really right on. Refreshing honesty and understanding of so many of the problems that face us and some good thoughts on solutions.
Adam I'm around the same age as your kids and graduated fairly recently and I can confirm I have the same experience as your kids. A lot of places are accepting applications but they're not actively hiring. They're just keeping a backlog of candidates.
Super frustrating for you and your peers. I graduated in 1994 at the tail end of a recession and jobs were scarce then, too. It sucked. I had to hustle HARD to get a job, and so likely will you. But keep at it. All you need is one 'yes', and with enough persistence, you'll get it.
@@adam.taggart Yup, I've accepted that. It gets even harder over time because it's hard to land a job when jobs are scarce, but employers still act like a resume gap is unjustifiable no matter the macroeconomic environment. Worst comes to worst, it just becomes a waiting game for this rolling quasi recession to boil over and for rates to drop so (white collar) job demand is high again. Love what you do, thank you for sharing your experience.
Adam is the best, followed him to his new show. Probably the top place for financial information.
Thank you for making this understandable
I really enjoyed both of you touching on so many matters. I'm in Canada and follow this channel. Because in 5 years I would like to move to Oregon,. Tillamook area.
That’s what’s happening in the automobile market right now. Banks ain’t lending
I just bought 4 new cars at 5%.
Prices aren't going down because big companies like. And other rental companies are buying up all the inventory.
Big money flooded into the residential market propping it up which has delayed the effect. When the stock market corrects, these investments will drop from a lack of liquidity and then housing crashes.
Great interview. Please keep bringing Adam back!