The 2008 Crisis is Back! Are You Prepared?
ฝัง
- เผยแพร่เมื่อ 7 มิ.ย. 2024
- Buckle up because we're diving into some serious territory today-it's 2008 all over again, and things are looking grim. From skyrocketing insurance rates to commercial real estate failures, we're seeing history repeat itself in ways we never thought possible. 🏢💥 #2008 #realestate #IAllegedly #economiccrash
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wallstreetonparade.com/2024/0...
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www.sbsun.com/2024/05/08/jury...
www.businessinsider.com/stock...
dre.ca.gov/Consumers/CreditUn...
www.yahoo.com/news/postal-wor...
www.dailymail.co.uk/health/ar...
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commercial real es
All the best,
Dan
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Dan this is worse than 2008. I could work as a RN (nurse) in 2008. Now it’s way worse. THEY (who’s THEY?) are shuttering local hospitals and units left and right. The woke are Managment in hospitals, HCFs, they only hire woke. Everyone fights. White men are pushed out. Patients are unhappy if they can get care. It’s awful. Our healthcare system is failing
😅
@@metube0309stop laughing at me
Well, I refuse to let my bank steal my money. I’m taking my entire $4.76 out today!
I'm keeping my money in my bank I belong to a small Bank. Everything is fine the stock market's at record highs I'm going to be riding off into the sunset
Haha! Great comment!
Hmmm, it appears it’s already been stolen.
Don't spend it all at one place!!!
😂😂😂
I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve
You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
this is all new to me, where do I find a fiduciary, can you recommend any?
She goes by ‘’Sharon Lynne Hart” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
The stock Market most likely will rebound and then crash harder than it did in 2008 as the US is tied more in other countries then we were in 2008. Have a chat with your F. Advisor of choice and see if converting your money into cash and letting it sit until you feel the market is safe is always a choice as well. Things like shipping, food, energy, those will always spike up during economic crisis times. Just my two cents.
Compared to 2008. today is exponentially worse.
He didn’t shoot the Tesla video in landscape
Yep, I don't recall commercial real estate collapsing back then.
Now, about 50% of all businesses big and small can't pay their rent - including multi- billion dollar hightech companies.
We are in deep shet!
Nah.. we have much more to be entertained with 😂
@@andyhughes1776you're correct. Those in commercial RE were shocked by the depth of devastation in the residential market. They studied their segment of the industry, repositioned themselves and worked with the powers of that time to stave off a commercial RE meltdown. Had nothing been done the commercial meltdown would have been far more devastating than the residential, resulting in a severe depression.
@@marcellabrowning315 No amount of "repositioning" will save it this time.
Remember, the 2008 crash was due to subprime lending to residential market.
Today, the problem is the collapse of our entire economic system.
That is why it can't be fixed.
They just have to let everything collapse and start over.
Dan, my husband and made over $100,000 per year in NYC working full-time. We have 2 children. Our family cannot afford to live here raising our children with high inflation, high taxes and increasing crime.
Same in Colorado
Let me guess they don't leg him work from home because all the touchy feely things! It's because they need workers there keeping their real estate value up.
When I moved to rural Missouri in 2004 what the most frequent comment I heard from all these city slickers here in Houston. Ooooo how you going to deal w all those country hicks.....hmmmmm and who's gonna feed you city genius's when it all goes south. I eat from my garden almost everyday. Bought my first head of lettuce yesterday. Wow cost up 40% since last fall when I began harvesting from my garden salad mix. 98% of the people I know, and they have back yards, do not grow any food. 2% cannot feed 98%. Sobering news to their spoiled, entitled, door dash ears. Unfortunately back in Houston since my mom's stroke. But I have several gardens. Can't get anyone to move forward but all agree, sounds wonderful. Then when I ask if they want some seedlings the gloom of gardening themself shades their face. Ask if they want some vine ripened tomatoes, instant affirmation. Pay taxes on it and pay to have it mowed but grow something, nah, just too busy charging their door dash. Have never voted demo or repub. Ever. So proud of myself cause I didn't start the fire. Frank-Dodd 2010. Amended 2018. Can anyone spell Cypress. Best advice I can give any family. Start a garden today. No yard? Find one. Today's harvest- carrots, Swiss Chard, squash, cucumbers, tomatoes, onions, parsley, celery, kale, mint, peppers, beans, arugula, herbs. No eggplant but I'll have plenty soon. And corn, potatoes, yam. I'm a soon to be 70 yr old woman who wants out of the city. Pray about it everyday. I recommend biking. It's the closest thing to flying. Sober Christian. 281-455-1471.
did you vote blue???????? then NO SYMPHATHY
@@renardfranseI’m pretty sure that most if not all of Dan subscribers voted blue, and if she did so what? I’m sure she won’t make that mistake again.
It was no where this bad in 2008, this is the one of the worst economies ever. Plus most of our big cities are suffering exponentially high crime rates because of the bad economy we're in.
The crime was bad before int rate increases because laws were not enforced and consequences ordered on criminals. This was so people would accept radical destruction of rights in the USA, UK, and EU.
You couldn't pay me enough to take one of those Teslas off the lot.
no apostrophe!!! plural version of a noun: just add the "s"
Me too, screw em!!
FJB!!
EV’s are too dangerous to garage. A recent EV fire in my community destroyed a detached garage. Charging is a joke.
Pay off debt, have an emergency fund in place, don't add new debt. #Buysilver
No one wants their transmission to break 😮😢 but yes everyone not hit with rate increases had best plan for the rate increases in auto home life
Gold.
solid advice. ten months to go.
@@IP0Monsturd ...confiscation.
@kathrynj.hernandez8425 just don't surrender it. They won't go house to house.
Here in Florida, I was just notified by my car insurance agent that rates are going up again in July. I’ve already reduced my policy to the bare bones, I have nothing left to reduce. They told me if I agreed to put a tracking device on my car I could have a lower premium. Like WT! I have no claims or accidents or tickets. This is getting out of hand. After 35 years with SF, I’ve had enough of their price gauging. Such a scam.
How much per year?
I have pay as you go here in UK
I have allowance of 1K a year if I go over that they charge you 16 per mile .That cost me £250 for the year
You get refund if you don’t use your allowance .All depends how many miles you do a year
Congratulations on your sons graduation Dan 🤝
GM just announced they are discontinuing the Chevrolet Malibu, the last sedan they make in order to retool and expand production of EVs. I think it's a big mistake. I don't know of a single person that is interested in buying an EV from GM.
They must be retooling for hybrids as they just stopped making EVs. The Chevy Spark and Bolt were the last to go as they never sold very well. Do they have any EV cars/SUVs/trucks in any of their brands' lineups? I know Cadillac had one (an SUV) but I thought that was discontinued too as it was over $100K and wasn't selling nearly enough units to be anywhere close to profitable.
They are being manipulated for some reason the whole trans push bud light
I have owned 10 rental homes over the last 30 years. Paid into insurance, all these years, and never made a claim. So, I could have paid for a complete home with all these insurance payments! Now I own two homes free and clear. I don't have insurance on them. Who needs it?
I firmly believe that the US and Western Civilization Countries are all, for the most part, going to not just have a bad economic downturn, rather we all will see a total economic collapse.
There is so much more going down this time, than there was in 2008.
Recession ongoing since they redefined recession combined with deceptive economic statistics and CPlies (quietly corrected later)each quarter, has been three years now, that is the definition of economic depression
Agree
Never forget that this is all by design.
I'm in the E.U.....
People don't yet realize what is coming !
@@LoneWolf-qk9plhow we can save our money?
The 2008 financial crisis was about basically one thing, the subprime. Today’s issues are plenty. Not only domestic but geopolitical. We are giving away more money than we’re taking in. Hence a deficit of 36 trillion dollars that we can’t pay the interest on anymore. Talk about the roaring twenties. We all know the outcome from those years. God help us all.
(Ireland) 2008 ONLY A LOT WORSE! -- the system broke in 2008 - they have held it together to position themselves - now that they have - it's time to pull the trigger GLOBALLY - welcome to the NEW WORLD ORDER
I can't take another 2008 ! In 2008 I was going through a divorce and work just died for my small remodeling business, it was an awful year. I don't think I have even fully recovered . I went from a family man with a paid for house to renting a room and paying alimony and child support , I even did six months living in my work truck. Back on my feet I guess but I couldn't take another round of that .
I doubt it will get bad as 2008 don't believe it
@@EconomyisFine-oe1seit will be worse because it’s all planned to bring in their NWO, remember their saying “ you will own nothing and be happy” we won’t be happy the globalists will be
Get your gold & silver. Have multiple streams of income. Back in 2004 the manufacturing sector had a 90% shutdown around here. Then my mother threw me jail. She was sick and I got out of it. I expanded. New equipment. I refocused.
Don't get married. Don't shack up
@NoDaysOff-oz2zl
Sound advice 👌 no worries I learned my lesson.
What's about to unfold will make 2008 seem like the 'good ol' days'.
Just doom & gloom nothing is that bad everything is good
@@EconomyisFine-oe1se🐑👈
Nice big office buildings in my town are selling for 72% off and I'm in a seemingly stable area.
@@NoDaysOff-oz2zlwhere please?
@@EconomyisFine-oe1se yup life is good. Don’t even have to work anymore. Just sit back and collect free money. Biden 2024 Wahoo
I was talking to a woman in her 80s at the doctor's office and she told me exercise was the most important thing to keep the balance working and blood and oxygen flowing etc. She looked 20yrs younger and her mind seemed 100% when we spoke of the old neighborhood. I took her advice to heart.
As bad as things are, your channel, your soothing voice, your added sighs and humor are the best of the best ❤
Excellent comment. Love Dans sense of humor.
No one should buy anything except 'prepping' stuff' When shtf, things get cheap when most unprepared, panic.
I think it is foolish to buy any new car right now. Imagine a brand new 150 hp Hyundai Kona for between $42,000 and $50,000 each? Seriously? That is ridiculous
wow thats insane. it needs to be a toyota for that price
Konas start at $25’000.
Hyundais are junk cars I had a new one once and all the plastic on the dash got sticky after a couple of years just very poor quality materials The Kona might be okay if you could get a new one for $9,000...hahahah
Congratulations to your son Dan and wishing future success.
Congratulations on your son's graduation Dan! Wishing continuous success in all his endeavors.
It's a depression.
No it's not your delusional😮
Answering Dan's specific question re preparation. Yes.
1. I give a lot of credit to Dan for the changes I have made within the last two years.
a. This week, I "froze" my credit reports at the three credit reporting services for free. Now, someone stealing my identity can not access my credit information.
b. I opened free credit union accounts.
c. I changed my credit card situation to use only one card and monitor and pay it off daily.
d. I kept more money in cash at home.
e. I got rid of a lot of junk from the homestead.
f. I stopped watching television and watched significantly more youtube videos on home repairs and car maintenance which can be very expensive.
g. I take free classes at the public library.
h. I started taking better advantage of discounts offered by vendors for cash payments.
2. I revised my written estate plan, wrote an essay for the family, upgraded the medical derective.
Wow. Very well done. Smart moves. Congratulations!
I hired a public adjuster after low ball claim from Homeowners insurance. Filed a complaint with my state vs insurance company. Got 4x original claim $. Felt great!
I also didn’t have to deal with insurance company either! Public adjuster did.
I wouldn't take an EV if they gave me one free!
Me either
I'd take it but sell it immediately, not even tempted to drive it.
@@overk1llz Not a bad idea!
I wouldn't they go on fire and I live in Florida the salt air is really bad for them
This time will make 2008 seem like a cake walk 😮
I giggle when I hear that EVs are failing 🤭.
Love your videos Dan!! Stay safe!! CHEERS from Costa Rica!!! 🍺🍸🍷🍾
I had my mother in law download a copy of her paper bill- after she was saying how electric has increased so much. It was full of new fees. One fee was "street light maintenance" on their private street with 20 houses. Two months ago she wasnt even on the house for a whole month. We both made sure to shut off everything that we thought would consume electric. Her bill was still $65
Street light maintenance should come from the City and property tax.
J
@@arnoldberk2809 I agree- they live within the county limits (not the city) and for some reason have a few street lights on their street. She didnt realize there were so many fees on the bill- and this specific one either
I can personally assure you that there’s nothing more satisfying that putting a huge corporation to task with a lawsuit and WINNING! I’ve personally done it three times against corporations who illegally fired me and also Chase bank during the 2008 financial crisis. There’s nothing more satisfying than winning against a bully.
I can't remember ever having a decent year. Life has always been tough. Suck it up you don't have a choice.
It’s all your mindset, Larry. If you know where things are at, then you can make the best of everything. Believe it or not you’re ahead of the game.
As weak as the dollar was in 2008, what it buys today is so much less. Using minimum wage as a measure, 1960 $1/hour vs 2024 $20/hour ( California fast food) is 20 to 1, that means $1 today equals a single 5 cent 60's nickel. $200,000 today works out to $10,000 back then. Value fell slowly at first, ramped up o er the latter half of the 20th century. Then 2000 on inflation skyrocketed. This is the real reason the boomers did better than later generations, the work to compensation value was better when the purchasing power of the Dollar was greater.
I was a single mom and never put my kids through college. My daughter put herself through college, working at the college and 2 jobs every summer. My son tried a semester at 16 yr and decided to do a trade. He makes more money, but my daughter have a larger retirement fund. I helped where I could but they appreciate everything they have accomplished on their own, and are teaching their children the same.
No bailout for these financial criminals and that’s what they are.
Folks should just be 'conservatively coasting' through all the chaos.
I live in Oakland and everyone’s afraid of me and my poodle 🐩
Thank you for sharing such an awesome message.Glory to God my family are happy once again
and can now afford anything for my family even with my Retirement.$57k weekly returns has been life changing, after so much struggles.
Hello how do you make such weekly??
I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
Maria Angelina Alexander I really appreciate her efforts and transparency.
I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.
This is a definition of God's unending provisions for his people. God remains faithful to his words. I receive this for my household.🙏
YES!!! That's exactly her name (Maria Angelina Alexander) so many people have recommended highly about her and am just starting with her from Brisbane Australia.
Santa Anita Race track, back parking lot, is full with new cars also.
The ruling class is just fine. The stock market hit an all-time high. Investors have bought up most of the residential real estate market. Consumers are the only ones being squeezed. 2008 burned the ruling class, which isn't happening again.
I have a Tesla, no warranty...a Rodent got underneath and started eating the wires...$3750 bill to fix
Escape from New York. Kurt Russell.
Dan I love your channel, thank you for putting out this great content.
Thank you for the video Dan ❤️👍🏿🌴😊
Interest rates need to go up to pullout of the mess..sorry, but would work
Red Lobster food is terrible for top dollar. I got a $50 gift card for 2 of us. What a waste of time.
What is scary, the UNKNOWN areas you have to camp out while EV is charging.
I'm debt free and cash in hand.
Good for you, Andy. That is really something you should be proud of.
@@IAllegedlyis cash king or better to buy bitcoin
TESLA...This is when the potential buyer
needs to select the vehicle they want. Do
not ask "how much do you want".
Write up an offer, give them 15 days to accept, sign and date it. Keep a copy.
Hand deliver the offer and get the business card or a receipt from the sales
person who receives the offer.
Be bold and offer a low amount (how
about $9,000..or some amount that you
are positive will be a very good deal for
you. I would refuse all counter offers.
However, if a thousand more seals the
deal, insist that counter offer be in writing.
If you are too timid to deal with them, get
a strong, firm voiced person to stand in for you.
"But, what if they laugh and reject the
offer?". So what!? Will your life be ruined
if you don't have a new Tesla. Get over it.
I really believe we're going to see a crash like you never seen before. And it's not coming back.
I’m with you.
Yeah you are correct it's going to crash into the Moon. It's going to Rocket to the moon so you are correct. The stock market will be crashing into the Moon.😊😊😊😊😊😊😊😊😊😊
Yeah into the Moon⚪
If you look at the stock market, every time it went DOWN it came back up to above where it was when it went down. ALWAYS!!
@@waynebeath8154 yep that's what you have to do you have to buy into the dips. The stock market can be very complicated. That's why it's good to have a broker. Because it even gets too complicated for myself. You have to keep on top of things. Call your broker to make sure he's checking on things to make sure the company invested with doesn't go out of business. Make sure your broker buys into the dips. They have to diversify stock stuff like that it's pretty complicated.
Congratulations on your sons graduation, what a great achievement.
Thanks Dan!
Hi Dan, that’s a lot of TESLA’s. I’m not convinced owning a EV. Are grid in CA can’t Handel the electrical demand. Your garage after it’s converted to TESLA charging and batteries. Then your shocked to see your electric bill😩. Then criminals will probably break into your garage and steal all your copper wiring and metals inside the batteries. NO THANKS!🙃
Good reporting Dan🇺🇸👍
TESLA’s⬅NO apostrophe!!!Plural version of a noun: just add the letter s Know proper English.
Pass on another Congratulations to your son. One heck of an achievement accomplished with no debt. Lot's to be proud of there.
No debt. He owes his dad mega bucks.
thank you!
Car insurance is through the roof
It's wonderful that your son is graduating 🎓 Dan, and on his own, that's just amazing 👏 🤩 . I wish him health wealth and happiness. You must be very proud of him. Post some pics of the graduation . Take care .
It's easy to say "save and don't spend" but I'm about to pay sixty five hundred dollars on a transmission .... smh.....😢
Get a rebuilt one or a used one from the junkyard for $1000
Great show
Congrats !! 👨🏻🎓🎉🎉🎉🎉
This ain’t no 2008, Dan! Way worse! We are in for a rude awakening
Thrilled the sisters recd $18 million. That's fantastic! TFS
Love you Dan. Love walking & talking w/you. I’m learning & laughing & loving great memories of California & all your other visits.
Congratulations to your son and best wishes for him in the future.❤
Great show...🎉
"The 2008 Crisis is Back! Are You Prepared?" = No No No No! This is the "Revival" of 1929, 1971 and 1987 Crisis.
Dan your channel is no 1. Perfect
Congrats on ur son’s graduating🎉 Job well done Dan 👏👏
Great show Dan, as usual
A heads up to those 'gold stackers' when shtf, the dealers and banks are 'closed' no one wants your 'gold' unless it dirt cheap. (1/2 price). Silver coins, will buy you necessities at near full value. (barter).
The only way I will take your gold if you sell it to me for $30 an ounce in my book that's all it's worth. The stock market is going to reach record highs it's going to be a 100K by Year's End. I will be riding off into the sunset. They just want to sell your gold here that's about it. Gold is worthless unless you make something out of it
Gold is money,everything else is credit. JP Morgan. It's also insurance.
@@tallman369you can't eat gold.
Speak for yourself. I will be glad to trade food from my garden for a rooster. The golden rooster.
Dan, CONGRATS on your son !
Congratulations Dad!!😊
So sweet about your son! Very special 😍🥰
Banks would never lie. The internet told me so
Depending on your bank. I don't use Big Banks I'm not taking my money out of the bank that's foolish.
Kudos to you and son upon graduating.
Congrats little Dan!
Congratulations to your son! Wow that is really something to be proud of!! Kudos to him! for sure something to be super proud of. He s a chip off the ol block. Yeah Dan I caught a mail lady stealing my mail, they should of frog walked her out of the post office, nope, they just wrote her up and stuck it in her file!! ugh! I even had the Congressman involved. No one gets punished today! So freaking frustrating! Great video Dan , Thank you for that one. Stay safe and be well. Blessings!
Ty
100% agree Tesla will stop selling electric cars. I think their focus will shift to AI development
People are about to have a multi ton paperweight
Appreciate your content. A sovereign debt crisis disguised as a banking crisis.
We went off the economic cliff in 2008, we’re just now realizing that there’s nothing supporting the economy other than bad credit. 2008 showed the grift, now we have a complete collapse of the economy WORLDWIDE!!!
But the DOW just hit 40K
nothing but upside room, cooling inflation and also cooling retail sales mean traders are betting on looser financial conditions (interest rate cuts). Until something pops, this is 🚀
melt up, what goes up will go down.
Sell Mortimer sell sell!
@@MJA5Interest rates should be 15%.
50k by my birthday
Our WAFFLE HOUSE now changes 1.53 to take a order to go over the phone.Then another 1.53 for supply's. For take out WTF.
Stay away from the Carbs & Sugar & walk or exercise
Totally prepared
Happy Graduation to your son and you, Dan!
I knew this was coming 5 years ago when home prices were going through the roof. Nobody learned from the same situation. So...HERE WE GO AGAIN. EXCEPT it'll be a bank BAIL IN. NOT BAIL OUT.
40,000 Dow Jones today. Crazy. Dow was 32,000 on Halloween 🎃
A mirage during before the election. The media, western central banks, WS and US Treasury all collude to make everything look fantastic.
I think the entire market is very over valued - specifically tech stocks examples - Nvidia -79 PE , Amazon -95 PE , Apple , Google both over 30 PE and on and on.
It is very clear....there is now ZERO connection between what the Dow does and what life is all about for us serfs.
@@Puffin-zj2hm True. Perhaps this part of a government strategy to force retirees into larger Required Minimum Distributions? Similar to cities re-assessing houses and assigning them higher values in order to generate increased tax revenue. I spoke with a person in a neighboring county who had their house taxes increase from $4,000 to $16,000 over the past 5 years on a 50-year old home on a very modest city lot. Zero home improvements over that span. The guy just sold his home and moved 2 counties away to escape the property tax fleecing (at least for now).
More than crazy 🤪 I don't even pay attention to the nonsense now!!
I am in Florida and my insurance doubled last year. It’s happening all over.
!(:GREAT JOB Dna Jr.;)!
The bank is broke.
Dan, I signed up for the VPN. It was so easy and the price is right. Thank you for encouraging this little ole lady to add the extra protection on my computer.
Congrats to your son!
Good Afternoon Dan from sweltering Ft. Lauderdale, Fl.
I am going to be honest guys at 51 years old 2008 didn’t even seem bad to me. After that year I never mentioned one time until now that year being bad. Now is a whole new story and I am barely hanging in their!
That's great for your son, proud papa
Happy Graduation 🧑🎓 Dan’s son!!💯😀👏🏾💜✝️🙏🏾🇺🇸
Bidenomics Killin it 💥💥
No I'm doing very well under JB so don't criticize president JB
@@EconomyisFine-oe1se Amen and amen. Too many idiots are upset that the economy, markets, infrastructure construction is doing so well. Lots, and lots, of HIRING NOW signs.
Joe Biden's daughter's diary...
@@EconomyisFine-oe1se ...LOL. You always wonder who the delusional people are that support a demented old man. Now ya know. :)
My home ins went up by 30% this year, with no claim whatsoever with the company over 30 years.
Dan drove by amazon warehouse on 395 highway reno NV. Parking lot was full of amazon Van's ar least 60 just sitting!! I guess they had no orders to go out. It was at 10AM in the morning.
I know that spot in reno,NV (northern nevada)
Amazon's money maker is AWS