Todd, I keep hearing this “nobody wants to work”, however, 4 out of 10 job postings are false, 800,000 some jobs that were created never were. What’s going on??? There’s a program called the Worker Opportunity Tax Credit that allows employers to receive up to a $10,000.00 tax credit for hiring refugees, special circumstances apply, and other categories of workers that meet the qualifications set forth in that program. If I can gain up to a $10,000.00 tax credit why would you want to hire outside that group unless you had an outstanding candidate? Along with AI, outsourcing and Applicant Tracking Systems being selective, it’s really causing men to just give up. You’re around my age, I can remember when our parents could pretty much get a good job right out of high school, that’s a fantasy now.
Fake job listing all over indeed just to get our personal info and to see if our info had changed so they could spam our emails, phones and to get views to their website
Yeah seriously, apply for a job and your SSN gets stolen or something ridiculous. It's nothing but a concrete jungle out here I'm sorry to say but the boomers apathy for the world they've left their childrens children is despicable. Obviously props to this channel for trying to make a difference but youth are literally exhausted from non stop predatory scams. The schools brain wash you into thinking there will be principles and hall monitors and ethical people looking out for your in the real world. Spent plenty of time around criminals in a past life and I can tell you a tattooed gang banger is no more cut throat than a rental management company these days. It's just slower more confusing process of them taking everything from you, companies and governments even make your children and loved ones sick and theb bankrupt you and take your house to pay for it. What is more violent than that?
@amykelley6200 you need to ban every isreali from government. We all know what the problem is. And who owns the politicians. Be brave for once in your life
@@Gisela-u8uproblem with no pay is you may eliminate great minds who simply don’t have the wealth to back them for 4 or 8 years. Limiting the time you can spend in the capital has to come at some point to level the field
Dont worry Adam or anyone else in the USA about having future labor. The current regime has allowed millions of future labor slaves to come in. This is part of the plan.
Those millions are largely illiterate and have IQs that prevent them from functioning in a First World nation. Without the freebies, crime would skyrocket prior to them mass-migrating back.
I am not working but would love to work. I have a bachelors in business from IU. I have exceptional work history. I am currently a stay at home dad. I have applied for over 400 jobs and only received 2 interviews. And these are jobs I am qualified for or overqualified. We have a job and salary shortage problem in this country. And it’s not going to get any better…. There are forgotten people and ignorant people say they are playing video games or living in a basement. Yet, that is some, that is not the majority. I for example, work all day on myself. I have developed new skills in an effort to find work, it has not paid off yet but it will!!!!
move to asia where people can buy a house in mid 20s, have more than 1 child and doing just fine. US is collapsing empire, nothing can save US. only will going downhill from here
@JillFestini I was a direct admit/scholarship recipient to Kelley School. Did one year and decided to transfer to Purdue and get an engineering degree. Best decision ever. If you're still in the Indianapolis area, I'd recommend looking into logistics. We're always hiring managers.
Your story is similar to mine. I lost count on the number of jobs I applied for. No interviews and the few zoom interviews were to "take a look" at me. Oh she's a boomer ....pass...two degrees very well qualified with excellent experience oh and references, willing to accept a starting salary and work my way up again...used the time in lock down to improve skills and learn new ones. Decided to go into something entirely new.
Extreme wealth and income inequality really stresses out and tears down the fabric of a country and it's social order. Look at certain countries in South America, Asia, and India and you can see the future of the U.S.A.
In 1978, when attending college, I took a course in small business management. The teacher was a multimillionaire. At one time he was the lead marketer for Motorola in western Europe. He was teaching for a few $$ per year. I learned things in that class I continue to use now. One thing he strongly emphasized, "Never invest a penny of your money you cannot afford to lose or need to put food on the table.' The second was, "The secret of American business success, is to take what others call a liability and turn it into a wanted asset."
I went back to school as an older adult in my 50s for a Masters in Education, not too long ago. The F is well-deserved. There were only two professors who actually taught. I came out vowing never to teach. It’s unbearably bad.
many people in their 50s, who could still be working are required to care for their elderly parents because the social safety nets of their retirements have disappeared and the medical industrial complex won't work for them (to get them healthier and more self-reliant) -- elders have become the new cash cow for a sickness model rather than a health model
Yes. People don’t realize that mom and dad will have to be taken care of by their kids. When they become unable to live independently, there are two choices. 1) take them into your home and maybe have to stop working to take care of them 2) take all of their money they worked 70 years to make, give it to the government, and put them in a nursing home. Does everyone understand that the government won’t pay the 100K per year nursing home bill for mom OR dad if she or he has any money? What about “assisted living “? Medicaid and Medicare won’t pay a dime for that. 100% out of pocket. Where I live, in a reasonably priced area, ALs cost about 3K per month, without food, transportation, any help at all. How many seniors can afford that?
What safety net or welfare in the U.S? There's hundreds of thousands of homeless people so these welfare programs that you're saying are so good and ubiquitous aren't getting the job done in any sense of the word. What is the lifetime safety blanket that's currently operating in the U.S? I don't see it.
@@Resmith18SRGo take a look at the federal budget. This country is handout city. The democrat party has a vested interest in keeping a vast, growing underclass dependent on the government for the alphabet soup of welfare programs. Why else have they let in 10 million unvetted third world peasants in the past four years?
The jobs your referring to have been subsidized by the government, the money runs out October 1st, hopefully these people saved Thier money since the free ride is now over, I wish them good luck .
Finance is a function of debt. We need to bring back savings. The cost of goods should be based on what consumers actually save and earn and not the amount of debt they can accumulate. 😳
In our capitalist system the cost of goods is based on cost of production Plus profit. And it's typically not a grotesque profit it's a reasonable profit as overpriced Goods would not sell.
@@stuartmoore6310 I Have A $600 Coffee Table Made Of $100 Worth Of Wood. Sure I Bought It Because It Helped A Small Company I Believe In, Get Off The Ground. It's Been 5 Years And They Charge Nearly Double For Their Products. This Is A Company That Expanded To Multiple States, And Now Can't Seem To Ship In A Timely Manner. That's Just Bad Leadership Making Poor Choices. People Will Pay For Goods Whether They're Appropriately Priced Or Not, And "Fair Market Value" No Longer Applies To Anything, From Eggs To iPhones. That's Not Capitalism For Certain.
😂😂😂😂 An Iphone costs $10 to make. It's legal to charge 900 times the manufacturing cost for life saving medication.!! Ain't capitalism GREAT Have a nice day
I am disabled after all my bills , I have 200.00 a month left over for the month. Saddest part I have to live in a car with a fractured back that healed wrong. In pain every dang day. I wish I could work.
Wow, So sorry to hear about your situation there. I'm a retired American in my mid 60s and I left the U.S. years ago in order to not become homeless and attempt to live out the rest of a halfway decent life. Here in Mexico and I'm looking into other affordable places in the world.
@@Resmith18SR people judge others harshly for how some of end up. My 401k had to be used for medical or die. Now 4600.00 deductible for people with diabetes. That causes them to not seek medical care. Especially the elderly. The doctors are having to amputate legs and feet at an alarming rate they are calling it filet of sole. So damn wrong. .
Prayers are with you...I know what you say is true. Health impacts are often a forgotten devistation.Much love to you at this time ❤may you be lifted up and be given strength and not be defeated. May your feet travel to a place of peace, where your tears are no more. ❤
@@Resmith18SR thank you yes very sad. Just got done ranting 4 hours over same thing every day how he is being poisoned at work collecting trash . His narcissistic life caused him to lose his law degree and a business. He said " I am ivermectin educated to talk to common sense people" they disgust me. Wow
I'm 63 and have never vacationed traveling abroad i went once 1992-3 on invitation to Guam living and working enjoying an island culture, i drove a truck in another attempt of travel seeing the country 48state&Canada while earning an income i bought a rural home 2004 in the 20yrs planted shade trees, pines, gardens,chickens fruit trees, full of lizards, frog's, birds...I invisioned my mini campsite. Built metal carports for, 93' 22'Rv Chevy and aluminum Klamath center console boat. I paid off my home a 2yrs ago. INVESTMENT PLAN IN SELF PRESERVATION IS GOOD IN A MINIMALIST DIRECTION. GOT LAID OFF THE LAST 4JOBS AND I'M GOING BACK TO WORK JUST DECIDED TO GET MY SOCIAL SECURITY BENEFITS AT 63, WHILE I TRANSITION OUT OF TRUCKING AND INTO A SOFTER PART TIME JOB. EVERYTHING TAKES PLANNING & SACRIFICE. BEING DEBT FREE IN THE HARD TIMES ALUMINUM CAN YACHT CLUB ISN'T THE END OF THE WORLD. NO SHAME IN 50LBS BEANS 50LBS WICE😅
Hey Adam, I'm an African American male and I think you were very articulate on your ideas regarding our social programs. There are many minorities in the working class that share the same viewpoint.
What motivates men to work? Getting a girl… What motivates men to keep working? Providing for our families… What has society been doing to men for several decades? Breaking up families whether they want it or not and making it abundantly clear we’re nothing but a walking atm for government and the ex. It’s not a scooby doo mystery why the US is crumbling and can not survive.
The family structure and men's incentive to work, marry, have children, and raise a family is broken in the U.S. Men know it takes so much money now to have a wife and kids.
100%. They have destroyed every reward and incentive for men. This society has ignored the well being of men all in the name of 'progress' and now society is in total freefall. Deserved, ironic and totally predictable.
@@Resmith18SRthey know it’s very expensive to have an ex wife and kids (child support the ex uses for herself). That’s what has broken the dream of a family. Not actually having a family.
The population of the US right now is around 345,426,571, including children and people that fall under senior citizens. In other words more than a third of the population of the US. It's beyond incredible! I knew it was bad, but that is insane. I'm on Social Security, at 77 1/2 (which means I fall under really old) I'm better off than more than 1/3 of all people in the US. WHAT! My minivan is 25 year old and working fine. My house 100+.getting younger with home improvement every year (slow and steady). I joke but I feel sorry for the children, what future is that?
Thank you for understanding that the new generations born in the 1980s and after are literally fxcked! No safety net in social security AND renting for the rest of their damn lives cuz of incompetent and GREEDY politicians
Adam I have followed you for years, but I must question your answer about US dollar would retain it's trust and nations would choose USA rather than Russian banks. That is what American's believe. No person wants their own country to be diminished. Most NATO countries would agree, but they would support the Euro first. However, with BRICS introducing two new financial systems, and USA having sanctioned a nation from using the SWIFT system, the USA has lost most of the Global South countries trust. The US has not honored so many Agreements, even those not involved with finance, are looking to divest of US assets and have stopped buying US Treasuries (loaning US money). The US media has turned into the speaking vehicle for the US government. There is so much propaganda and manipulation of internet history, no one can believe what is true or factual anymore. Yes the US reserve $$ will continue for years with demand reducing as time passes. With Trump's ignorance of how tariffs work and his apparent hatred for China, and Harris' plan to end democracy.... the USA is going to lead the world into a decade or two of chaos, the likes of which none of us have ever experienced before.
I think the dollar is dying. we could talk about why for a long time but it doesn't matter anymore. I think we get a small crash in all markets followed by ... again a massive QE package, followed by a hyperinflationary depression where no one can aford anything because the dollar is at or near zero... just like those interest rates were at or near zero for all those years. Nothing is free ... ever. Now we pay the piper. It won't take much. It will just take the EU to stop investing in the USA... China and Japan have already pulled way back. That will leave us one option and that is for the FED to buy the debt (paying a credit card with another credit card) and that will cause the dollar to die. I think after that we will see a reverse immigration wave.. where people are trying to leave the USA not come into it.
I just want my money to outpace inflation, which is why I’m actively searching for the right companies to invest the $150K I have sitting in the bank. I’m not sure what strategies to use to make significant gains.
Chose quality stocks and follow them up. If you're not one for such complexities, hire a financlal advis0r to grow your money. I use the latter. Pulled in more than $46k in the last quarter.
You're right, I and a few Neighbors in Bel Air Area work with an advlsor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portf0li0 grew 40% in the last quarter.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like “Melissa Elise Robinson” I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
Our educational system does not even come close to preparing young people for what they face in their future. I've been saying this for years, when I realized this fresh out of high school in '71, that we were never offered what we really needed to be informed and productive, in reference to finances. Only because I took business courses, was I somewhat aware of what it involved. It's so much worse today. And how can parents teach their children, what they don't know themselves.
If my research is correct . Its really a greedy situation. How does anyone get a decent job. When no one can get credit. No credit. No transport. No place.
All due respect to Adam (who I happen to like very much), for him not to acknowledge that our political elite are nothing more then the court jesters in the hierarchy is dangerously naive. The so called conspiracy of who is really in charge has been resolved long ago for those who still have the ability to critically think.
I concur. Just watched a G. Edward Griffin interview . This has been in the works since Andrew Jackson. Read "the Great Taking" by Webb. Its definitely not "conspiracy theory ".
@@autumngrace8541 I'm Fairly Certain You're Missing Some Key Details If You Think Home Prices Doubling At The Hustling Of Corporations Who Then Turn Around And Lobby The Government To Keep Minimum Wage At 7.25 For 25 Years Is NOT A Conspiracy. Would You Kindly Look Up The Definition Of Conspiracy For Me Autumn?
Great interview to Adam, I have been following him for a long time, and he has great videos with good information. I'm glad you started interviewing him, he is great!
Hi sack what's happening now is that my own son can't afford to pay 2,800 just for rent. Now I have my son and grandson in my house, and I need to support them. The government is just playing political games and doesn't care that people are working on lying part-time .
@adrialazo3867 Do you really HAVE to support these two? If they are occupying your paid -for space, they can still work, pay rent (even if reduced) or bank that money (with your blessing) for their future place. They can work and contribute instead of milking you. You are possibly enabling bad behavior.
look year 2010 ...when tech industries bought even single inch of downtown to built multistorey buidings . software engineers from all over world invited on work permit at minimum 2 hundred thousand annual package ....at that time aberage house was 3 hundred dollars thousand .Average american pay was 40,000 dollar during those days.. Now what in last 14 years rents kept on raising according to these engineer salaries ....understand the cycle tech industries bought majority of properties , houses , multistorey etc Now engineers pay high rent back to them. they pay engineer high salarie ..so in this cycle , average american lost i think....rent unaffordable for most of people... high salary paid to workpermit dude and all money collected back in terms of rent back from him.money is invested in further real estate to keep the cycle at full swing... rent probably increase more in coming time.
I was displaced by Visa workers in the Software Development department at Paycon. They started hiring right at 50/50 Visa to American workers. I'm not against Visa workers. But, I am concerned how they are utilized to lower wages when there is no skill gap.
I remember going to college for mechanical and aerospace engineering and near the end I was a bit panicked because I realized I could draw and calculate every resistor or capacitor etc of a schematic but I had no idea how to actually even set up an actual circuit. Probably why I ended up doing corporate management instead
@@nadruik9890 Yep... A head full of knowledge with hands that don't have a clue on how to put it all together. Couple that with a lack of strong work ethic or lack of general mechanical ability, stir it up and that recipe becomes a complete failure.
40:05 My man really said, “don’t worry so much about the working class - the robber-barons of the Gilded Age eventually figured out exactly the minimal amount of money they had to donate to philanthropic pursuits to avoid being killed by an angry mob”. 😂
There is a couple of companies currently that have been buying up all the small foundation jacking and repair businesses across the US and into Canada. It still looks like many small companies but when one researches it , all owned by the same outfit!
Industry "roll-ups" like this by private equity are very very common. See Gretchen Morgenson's book, "These Are the Plunderers: How Private Equity Runs-and Wrecks-America": www.amazon.com/These-Are-Plunderers-Runs-Wrecks-America-ebook/dp/B0BK9XFFB1
What Adam is saying is all common sense really, not complex. But when the government is corrupt, none of it matters till the corrupt government is removed.
A friend of mine just self deleted. I know many folks who are not working and . . . . god knows how they're surviving. It really is a struggle out there.
Since 2007, ALL (100%) of the net increase in employment has gone to immigrants, both legal and illegal. This is why work is harder to find for US citizens. Employers prefer immigrants over citizens, and Congress and the White House supply them with the "citizen - breakers" they want because politicians cater to the donor class, not the voter class.
Let me sum up what young men are feeling right now using an old African proverb: "The child who is not embraced by the village will burn it down to feel its warmth"
I learned all those basic principles when I attended the University of Texas at Arlington and graduated from the business school with a BBA in finance.
I disagree with the idea of those young people don’t want to go to work!! 😏 Its offensive in many levels! I personally know many of them including members of my own family who have been applying to many dead end jobs or so called ghost jobs only getting rejection at 12 midnight ! I have seen the frustration when companies play games and interviewers using Acator of themselves! It’s time to ask companies to do the right thing and stop playing psychological games and meta data!
My son is working, but looking for another job. He's totally surprised to find hundreds of people applying for one job. He said it is very difficult out there. He is well educated, personable with lots of friends and good connections... He has been able to be on the final list for multiple interviews, and then down to the last two, but still hasn't gotten an offer. He is feeling fortunate to have a job and understands how hard it is for unemployed to get work.
@@mandrews1245 thank you for sharing your story. It’s important for young adults to know not everyone thinks they are lazy! Only people on media who apparently don’t care about the real struggle that’s going on in our society with young people who are in verge of suicide because of rejection after rejection they receive , despite their qualifications! I blame the companies for advertising jobs that don’t exist and recruiters who are just looking for paychecks! They are now abusing these young people by dehumanizing them only showing Avatars of themselves during interviews! I know a few who I try to give them advise not to get discouraged but unfortunately companies are very irresponsible and are too corrupt!
Americans listen you can fight this, stop buying things you want, just buy the things you need. I wanted a new car 50 K , I bought a used car in good condition 500.00. I want a 400 K house, I remained in the house I bought 1992 for 30 K. Sure it cost more in taxes and Insurance, not to mention maintenance. Bottom Line , I have no debt of any kind. Live within your means.
Cool, I'll just live in the house I didn't buy in 1999 when i was 5 years old - and continue not buying new cars like i already never have before in my life. What else should I do the same as I'm already doing to still be fucked? thanks for the advice
The job hiring process is what personally made me drop out completely. Id be fine being paid low if i didnt have to put out 3000 applications to get it. Also veteran status in socal might as well read *** offender for how hr n hiring managers see it
@stuartmoore6310 with my back problems record I'm unemployable for many companies so I started my own business almost 20 years ago , I'm glad I was unemployable , we find our way if we try enough
The Quality Of Work Available For The Rate Of Pay Doesn't Matter Anymore. I Have No Driver's License Which Immediately Disqualifies Me From Jobs I'm Entirely Qualified For. Now Everything Requires Driving In A Society That's Built Itself Upon Being Less Commuter Driven. 🤷🏽♀️ Freaking Hopeless, Soon To Be Homeless.
Todd, I keep hearing this “nobody wants to work”, however, 4 out of 10 job postings are false, 800,000 some jobs that were created never were. What’s going on???
There’s a program called the Worker Opportunity Tax Credit that allows employers to receive up to a $10,000.00 tax credit for hiring refugees, special circumstances apply, and other categories of workers that meet the qualifications set forth in that program. If I can gain up to a $10,000.00 tax credit why would you want to hire outside that group unless you had an outstanding candidate?
Along with AI, outsourcing and Applicant Tracking Systems being selective, it’s really causing men to just give up. You’re around my age, I can remember when our parents could pretty much get a good job right out of high school, that’s a fantasy now.
I hear you friend. Crazy for sure. 🤷♂️
Fake job listing all over indeed just to get our personal info and to see if our info had changed so they could spam our emails, phones and to get views to their website
@@19lol19 Good comment. The data harvesting stuff is incredibly murky and the harvesters seemed to get hacked a little too often.
Yeah seriously, apply for a job and your SSN gets stolen or something ridiculous. It's nothing but a concrete jungle out here I'm sorry to say but the boomers apathy for the world they've left their childrens children is despicable. Obviously props to this channel for trying to make a difference but youth are literally exhausted from non stop predatory scams. The schools brain wash you into thinking there will be principles and hall monitors and ethical people looking out for your in the real
world. Spent plenty of time around criminals in a past life and I can tell you a tattooed gang banger is no more cut throat than a rental management company these days. It's just slower more confusing process of them taking everything from you, companies and governments even make your children and loved ones sick and theb bankrupt you and take your house to pay for it. What is more violent than that?
Kamela here and i dont care about legal americans i care about illegals , i need their vote
I believe all politicians need term limits.
1000%
@@amykelley6200
Term limits, volunteer, no pay.
@Gisela-u8u you are right. It's public service. Everything now is out of control. I really hope the situation gets better.
@amykelley6200 you need to ban every isreali from government. We all know what the problem is. And who owns the politicians. Be brave for once in your life
@@Gisela-u8uproblem with no pay is you may eliminate great minds who simply don’t have the wealth to back them for 4 or 8 years. Limiting the time you can spend in the capital has to come at some point to level the field
Very Humble person with great respect for people. God Bless
@@jayrhawn976 a lot are arrogant jerks.
@@AngelEyes-xm7elhe's not one of them, I bumped into him at Petaluma Trader Joe's. He's a real dude
Wow I love Adam's verbiage and vocabulary he is incredibly intelligent
Ya too bad Harris is in kindergarten compared to him
Stanford MBA, wow!
@@kevind5026 Brown University undergrad. Stanford University MBA.
Yeah you guysis
I always notice that too - so smooth and it just rolls off his tongue - amazing!
Dont worry Adam or anyone else in the USA about having future labor. The current regime has allowed millions of future labor slaves to come in. This is part of the plan.
Those millions are largely illiterate and have IQs that prevent them from functioning in a First World nation.
Without the freebies, crime would skyrocket prior to them mass-migrating back.
I am not working but would love to work. I have a bachelors in business from IU. I have exceptional work history. I am currently a stay at home dad. I have applied for over 400 jobs and only received 2 interviews. And these are jobs I am qualified for or overqualified. We have a job and salary shortage problem in this country. And it’s not going to get any better…. There are forgotten people and ignorant people say they are playing video games or living in a basement. Yet, that is some, that is not the majority. I for example, work all day on myself. I have developed new skills in an effort to find work, it has not paid off yet but it will!!!!
@@JillFestini my son is a recent college graduate and he is having the same problem as you it sucks
I know exactly what you’re experiencing; BBA College 👩🎓 myself. Times have really changed.
move to asia where people can buy a house in mid 20s, have more than 1 child and doing just fine. US is collapsing empire, nothing can save US. only will going downhill from here
@JillFestini I was a direct admit/scholarship recipient to Kelley School. Did one year and decided to transfer to Purdue and get an engineering degree. Best decision ever. If you're still in the Indianapolis area, I'd recommend looking into logistics. We're always hiring managers.
Your story is similar to mine. I lost count on the number of jobs I applied for. No interviews and the few zoom interviews were to "take a look" at me. Oh she's a boomer ....pass...two degrees very well qualified with excellent experience oh and references, willing to accept a starting salary and work my way up again...used the time in lock down to improve skills and learn new ones. Decided to go into something entirely new.
Extreme wealth and income inequality really stresses out and tears down the fabric of a country and it's social order. Look at certain countries in South America, Asia, and India and you can see the future of the U.S.A.
In 1978, when attending college, I took a course in small business management. The teacher was a multimillionaire. At one time he was the lead marketer for Motorola in western Europe. He was teaching for a few $$ per year. I learned things in that class I continue to use now. One thing he strongly emphasized, "Never invest a penny of your money you cannot afford to lose or need to put food on the table.' The second was, "The secret of American business success, is to take what others call a liability and turn it into a wanted asset."
Gordon. Great advice !
WOW
Our educational system gets an “ F” grade on just about every subject these days. k thru grad school!
When was the last time you sat in and observed a classroom?
I went back to school as an older adult in my 50s for a Masters in Education, not too long ago. The F is well-deserved. There were only two professors who actually taught. I came out vowing never to teach. It’s unbearably bad.
They get an A+ in identifying new genders and creating new names for prejudice.
@@tctctctctc-x7c One Month Ago.
This show with Todd and Adam is truth and survival in a world of fake and corruption.
many people in their 50s, who could still be working are required to care for their elderly parents because the social safety nets of their retirements have disappeared and the medical industrial complex won't work for them (to get them healthier and more self-reliant) -- elders have become the new cash cow for a sickness model rather than a health model
Exactly right. Happened to us caring for an elderly parent who ended up spending all her money in care givers, assisted living etc. She died broke.
Yes. People don’t realize that mom and dad will have to be taken care of by their kids.
When they become unable to live independently, there are two choices.
1) take them into your home and maybe have to stop working to take care of them
2) take all of their money they worked 70 years to make, give it to the government, and put them in a nursing home.
Does everyone understand that the government won’t pay the 100K per year nursing home bill for mom OR dad if she or he has any money?
What about “assisted living “? Medicaid and Medicare won’t pay a dime for that. 100% out of pocket. Where I live, in a reasonably priced area, ALs cost about 3K per month, without food, transportation, any help at all. How many seniors can afford that?
@@Finchlvr 😥
Thats the way you want to die or in debt@Finchlvr
@alyross2850 Be smart and put yoursavings in trusts
Todd , great Chanel ,you and Adam are doing you best to help humanity❤️
Thank you so much 🙏. Adam is great!
Wellfare programs should be a pathway to help people in time of crisis not a lifetime safety blanket.
What safety net or welfare in the U.S? There's hundreds of thousands of homeless people so these welfare programs that you're saying are so good and ubiquitous aren't getting the job done in any sense of the word. What is the lifetime safety blanket that's currently operating in the U.S? I don't see it.
@@Resmith18SRGo take a look at the federal budget. This country is handout city. The democrat party has a vested interest in keeping a vast, growing underclass dependent on the government for the alphabet soup of welfare programs. Why else have they let in 10 million unvetted third world peasants in the past four years?
The jobs your referring to have been subsidized by the government, the money runs out October 1st, hopefully these people saved Thier money since the free ride is now over, I wish them good luck .
Mike “The Coward” Johnson already agreed to keep the spending going
There is no saving the situation.
Saving money that's just going to lose value based on deceleration of the dollar's value as a whole.
Finance is a function of debt.
We need to bring back savings. The cost of goods should be based on what consumers actually save and earn and not the amount of debt they can accumulate. 😳
The IRS used to NOT tax interest on savings. Now there is zero incentive to save, especially with the roaring 30% inflation.
The agenda is you will own nothing and be 'happy'. They are doing great so far, no pushback from the populus
In our capitalist system the cost of goods is based on cost of production Plus profit. And it's typically not a grotesque profit it's a reasonable profit as overpriced Goods would not sell.
@@stuartmoore6310 I Have A $600 Coffee Table Made Of $100 Worth Of Wood. Sure I Bought It Because It Helped A Small Company I Believe In, Get Off The Ground. It's Been 5 Years And They Charge Nearly Double For Their Products. This Is A Company That Expanded To Multiple States, And Now Can't Seem To Ship In A Timely Manner. That's Just Bad Leadership Making Poor Choices. People Will Pay For Goods Whether They're Appropriately Priced Or Not, And "Fair Market Value" No Longer Applies To Anything, From Eggs To iPhones. That's Not Capitalism For Certain.
😂😂😂😂
An Iphone costs $10 to make.
It's legal to charge 900 times the manufacturing cost for life saving medication.!!
Ain't capitalism GREAT
Have a nice day
I am disabled after all my bills , I have 200.00 a month left over for the month. Saddest part I have to live in a car with a fractured back that healed wrong. In pain every dang day. I wish I could work.
Wow, So sorry to hear about your situation there. I'm a retired American in my mid 60s and I left the U.S. years ago in order to not become homeless and attempt to live out the rest of a halfway decent life. Here in Mexico and I'm looking into other affordable places in the world.
@@Resmith18SR people judge others harshly for how some of end up. My 401k had to be used for medical or die. Now 4600.00 deductible for people with diabetes. That causes them to not seek medical care. Especially the elderly. The doctors are having to amputate legs and feet at an alarming rate they are calling it filet of sole. So damn wrong. .
Prayers are with you...I know what you say is true. Health impacts are often a forgotten devistation.Much love to you at this time ❤may you be lifted up and be given strength and not be defeated. May your feet travel to a place of peace, where your tears are no more. ❤
@@Resmith18SR thank you yes very sad. Just got done ranting 4 hours over same thing every day how he is being poisoned at work collecting trash . His narcissistic life caused him to lose his law degree and a business. He said " I am ivermectin educated to talk to common sense people" they disgust me. Wow
You have a phone. Use it. Watch Brandon Joe Williams, Christopher Hauser and Robots & Patriots if you want to help yourself. Good luck!
Fiat money moved us from Caputalism to Creditism.
Adam & Todd. Can't get any better. Todd, you are the best person to interview the great Adam Taggart. These are my favorite episodes of your show.
Oh wow 🤩 Thank you so much 🩶
Adam is a great listener and super with the follow up questions
Very informative conversation. Thanks you guys.
Very wealthy people in Argentina are always in dire danger and sometimes get murdered due to the high poverty rates
Love both of your channels and watch every chance i get!
The middle. class has been ripped off and we are totally SC🎉REWED
Thanks Todd, I enjoy watching and learning from both of you guys. You guys are great!
I'm 63 and have never vacationed traveling abroad i went once 1992-3 on invitation to Guam living and working enjoying an island culture, i drove a truck in another attempt of travel seeing the country 48state&Canada while earning an income i bought a rural home 2004 in the 20yrs planted shade trees, pines, gardens,chickens fruit trees, full of lizards, frog's, birds...I invisioned my mini campsite. Built metal carports for, 93' 22'Rv Chevy and aluminum Klamath center console boat. I paid off my home a 2yrs ago. INVESTMENT PLAN IN SELF PRESERVATION IS GOOD IN A MINIMALIST DIRECTION. GOT LAID OFF THE LAST 4JOBS AND I'M GOING BACK TO WORK JUST DECIDED TO GET MY SOCIAL SECURITY BENEFITS AT 63, WHILE I TRANSITION OUT OF TRUCKING AND INTO A SOFTER PART TIME JOB. EVERYTHING TAKES PLANNING & SACRIFICE. BEING DEBT FREE IN THE HARD TIMES ALUMINUM CAN YACHT CLUB ISN'T THE END OF THE WORLD. NO SHAME IN 50LBS BEANS 50LBS WICE😅
Good for you. Economy was much better when you were young
Hey Adam, I'm an African American male and I think you were very articulate on your ideas regarding our social programs. There are many minorities in the working class that share the same viewpoint.
What motivates men to work? Getting a girl… What motivates men to keep working? Providing for our families… What has society been doing to men for several decades? Breaking up families whether they want it or not and making it abundantly clear we’re nothing but a walking atm for government and the ex. It’s not a scooby doo mystery why the US is crumbling and can not survive.
The family structure and men's incentive to work, marry, have children, and raise a family is broken in the U.S. Men know it takes so much money now to have a wife and kids.
Thank for your perspective. Never thought of it that way.
@@ginas9317 You're very welcome Gina. Are you married? Lol
100%. They have destroyed every reward and incentive for men. This society has ignored the well being of men all in the name of 'progress' and now society is in total freefall. Deserved, ironic and totally predictable.
@@Resmith18SRthey know it’s very expensive to have an ex wife and kids (child support the ex uses for herself). That’s what has broken the dream of a family. Not actually having a family.
Beautiful wood slab and epoxy background. Should hold it's value well too, even just for the slabs alone. Smart.
Yeah I've got access to the slabs. I want that in my house.
Grow lights, micro greens and some mesclun lettuces.
Yes! Adam is so correct about dealing with the disability benefits!
The population of the US right now is around 345,426,571, including children and people that fall under senior citizens. In other words more than a third of the population of the US. It's beyond incredible! I knew it was bad, but that is insane. I'm on Social Security, at 77 1/2 (which means I fall under really old) I'm better off than more than 1/3 of all people in the US. WHAT! My minivan is 25 year old and working fine. My house 100+.getting younger with home improvement every year (slow and steady). I joke but I feel sorry for the children, what future is that?
Thank you for understanding that the new generations born in the 1980s and after are literally fxcked! No safety net in social security AND renting for the rest of their damn lives cuz of incompetent and GREEDY politicians
Is that counting all the foreigners that govt let in for free?
Adam I have followed you for years, but I must question your answer about US dollar would retain it's trust and nations would choose USA rather than Russian banks. That is what American's believe. No person wants their own country to be diminished. Most NATO countries would agree, but they would support the Euro first. However, with BRICS introducing two new financial systems, and USA having sanctioned a nation from using the SWIFT system, the USA has lost most of the Global South countries trust.
The US has not honored so many Agreements, even those not involved with finance, are looking to divest of US assets and have stopped buying US Treasuries (loaning US money). The US media has turned into the speaking vehicle for the US government. There is so much propaganda and manipulation of internet history, no one can believe what is true or factual anymore. Yes the US reserve $$ will continue for years with demand reducing as time passes. With Trump's ignorance of how tariffs work and his apparent hatred for China, and Harris' plan to end democracy.... the USA is going to lead the world into a decade or two of chaos, the likes of which none of us have ever experienced before.
100%.
I think the dollar is dying. we could talk about why for a long time but it doesn't matter anymore. I think we get a small crash in all markets followed by ... again a massive QE package, followed by a hyperinflationary depression where no one can aford anything because the dollar is at or near zero... just like those interest rates were at or near zero for all those years. Nothing is free ... ever. Now we pay the piper. It won't take much. It will just take the EU to stop investing in the USA... China and Japan have already pulled way back. That will leave us one option and that is for the FED to buy the debt (paying a credit card with another credit card) and that will cause the dollar to die. I think after that we will see a reverse immigration wave.. where people are trying to leave the USA not come into it.
you nailed it
Perfectly said. You're one of a few that actually sees what's coming 💯💯💯
Perfectly said. You're one of a few that actually sees what's coming 💯💯💯
I just want my money to outpace inflation, which is why I’m actively searching for the right companies to invest the $150K I have sitting in the bank. I’m not sure what strategies to use to make significant gains.
Chose quality stocks and follow them up. If you're not one for such complexities, hire a financlal advis0r to grow your money. I use the latter. Pulled in more than $46k in the last quarter.
You're right, I and a few Neighbors in Bel Air Area work with an advlsor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portf0li0 grew 40% in the last quarter.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like “Melissa Elise Robinson” I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
I curiouslyy looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Watched you both before TM. So glad you met. Just to learn. Elderly and in apt
You guys are the BEST! No guile!❤
What light at end of the tunnel? It is red ....
Lots of people are leaving the USA.
Where are they going? Most countries are chaotic and some that are not are quite expensive! 🤔
@@reneeimage3879 Portugal Spain South America and Asia.
Adam is a legend, my friends and I all learned to purchase t bills from his channel.
I really like the way you guys explain the issues. Great video!
Appreciate you ✋
“The better I do, the more they take” exactly.
I always love when you have Adam on. TY
Our educational system does not even come close to preparing young people for what they face in their future. I've been saying this for years, when I realized this fresh out of high school in '71, that we were never offered what we really needed to be informed and productive, in reference to finances. Only because I took business courses, was I somewhat aware of what it involved. It's so much worse today. And how can parents teach their children, what they don't know themselves.
my education was the u pick junk yard learning how to fix cars by taking them apart, all for one dollar admission to the yard
Adam is the BEST - always enjoy his commentary 👏
Adam Taggart is a great interview
If my research is correct . Its really a greedy situation. How does anyone get a decent job. When no one can get credit. No credit. No transport. No place.
9:48 "You don't need a formal conspiracy when interests converge." -George Carlin
All due respect to Adam (who I happen to like very much), for him not to acknowledge that our political elite are nothing more then the court jesters in the hierarchy is dangerously naive. The so called conspiracy of who is really in charge has been resolved long ago for those who still have the ability to critically think.
Ok, so please do tell all of us naive Americans who is really in charge?
@@Resmith18SRprivate equity firms,pharmaceutical companies,Israel,NATO,insurance companies.
@@dakotathompson8062 nope bankers / devil worshipers
Why are you guys in denial, its been this way for many many years, it is a conspiracy.
Double rent but not wages is not conspiracy.
I concur. Just watched a G. Edward Griffin interview . This has been in the works since Andrew Jackson. Read "the Great Taking" by Webb. Its definitely not "conspiracy theory ".
What are we chasing huh.
When this Government is making everyone else homeless. Money huh they already have it all.
Communism IS juuda ism ✡
@@autumngrace8541 I'm Fairly Certain You're Missing Some Key Details If You Think Home Prices Doubling At The Hustling Of Corporations Who Then Turn Around And Lobby The Government To Keep Minimum Wage At 7.25 For 25 Years Is NOT A Conspiracy. Would You Kindly Look Up The Definition Of Conspiracy For Me Autumn?
These are "real cleared eyed" conversations that are greatly appreciated. 👍🏾👍🏾✅✅💯💯
Thanks for sharing. Sharing post immediately
🙏
Adam is a great guest and I really like and trust his perspective on the U.S. economy. Very balanced, interesting, and informative interview.
Great interview to Adam, I have been following him for a long time, and he has great videos with good information. I'm glad you started interviewing him, he is great!
Hi sack what's happening now is that my own son can't afford to pay 2,800 just for rent. Now I have my son and grandson in my house, and I need to support them. The government is just playing political games and doesn't care that people are working on lying part-time .
Thanks for your comment
@adrialazo3867
Do you really HAVE to support these two?
If they are occupying your paid -for space, they can still work, pay rent (even if reduced) or bank that money (with your blessing) for their future place.
They can work and contribute instead of milking you. You are possibly enabling bad behavior.
That's a high Rent... That's more than 2 months of my income.
look year 2010 ...when tech industries bought even single inch of downtown to built multistorey buidings . software engineers from all over world invited on work permit at minimum 2 hundred thousand annual package ....at that time aberage house was 3 hundred dollars thousand .Average american pay was 40,000 dollar during those days..
Now what in last 14 years rents kept on raising according to these engineer salaries ....understand the cycle
tech industries bought majority of properties , houses , multistorey etc
Now engineers pay high rent back to them. they pay engineer high salarie
..so in this cycle , average american lost i think....rent unaffordable for most of people...
high salary paid to workpermit dude and all money collected back in terms of rent back from him.money is invested in further real estate to keep the cycle at full swing...
rent probably increase more in coming time.
Adam! Glad to see you in that other seat.
Thank you Adam, financial literacy is so important!!!!!!!!!!!!!! for everyone, not just Wall Street.
I found both of you very kind and sincere, we need more people like you in positions of power
I was displaced by Visa workers in the Software Development department at Paycon. They started hiring right at 50/50 Visa to American workers. I'm not against Visa workers. But, I am concerned how they are utilized to lower wages when there is no skill gap.
Great Advice. Thank you both.
I remember going to college for mechanical and aerospace engineering and near the end I was a bit panicked because I realized I could draw and calculate every resistor or capacitor etc of a schematic but I had no idea how to actually even set up an actual circuit. Probably why I ended up doing corporate management instead
Woah!
@@nadruik9890 Yep... A head full of knowledge with hands that don't have a clue on how to put it all together. Couple that with a lack of strong work ethic or lack of general mechanical ability, stir it up and that recipe becomes a complete failure.
Details of the August 2024 non farm payroll jobs report: Full time: -438K versus +448K prior
Part time: +527K versus -325K prior
I love this channel so much. One of my top favourites ❤ Keep up the great work!
Thank you 🤩
You guys are great.
Great points about the Rates lag at the 49:40 time frame.!!!
Thank you both.
Thank you for your video. It has been very helpful.🎉
You two guys are the best!
Excellent analysis & breakdowns.
Thank you, Gentlemen.
My two favourite economic commentators! Hi from Australia 👋
40:05 My man really said, “don’t worry so much about the working class - the robber-barons of the Gilded Age eventually figured out exactly the minimal amount of money they had to donate to philanthropic pursuits to avoid being killed by an angry mob”. 😂
Haha. I am old fan of both u two for really longtime. That’s really funny to see u guys catching up
Love when you bring Adam, good job!
Everything's already been done. There's nothing else to do in this world. Everything's already been made jobs are doomed.
Excellent interview as always Todd!😊
Thank you 🙏
Adam is the real deal.
Indeed he is.
When America went through the depression. They had the industry to fall back on. Now they have a cliff.
Fantastic conversation
There is a couple of companies currently that have been buying up all the small foundation jacking and repair businesses across the US and into Canada. It still looks like many small companies but when one researches it , all owned by the same outfit!
And the prices are 50-100% higher than the few small remaining companies that will probably not be able to resist the buy out offer.
Industry "roll-ups" like this by private equity are very very common. See Gretchen Morgenson's book, "These Are the Plunderers: How Private Equity Runs-and Wrecks-America": www.amazon.com/These-Are-Plunderers-Runs-Wrecks-America-ebook/dp/B0BK9XFFB1
Name of the company?
We are not really as “ wealthy a nation” as people think assets- liabilities with our sovereign debt? Ah not so wealthy
What Adam is saying is all common sense really, not complex. But when the government is corrupt, none of it matters till the corrupt government is removed.
A friend of mine just self deleted. I know many folks who are not working and . . . . god knows how they're surviving.
It really is a struggle out there.
😢
Sorry to hear that man.
This world is backwards and Hell by design.
Your friend committed suicide?
@@Bobafe77a yes
Since 2007, ALL (100%) of the net increase in employment has gone to immigrants, both legal and illegal. This is why work is harder to find for US citizens. Employers prefer immigrants over citizens, and Congress and the White House supply them with the "citizen - breakers" they want because politicians cater to the donor class, not the voter class.
Excellent advice (esp towards the end). Adam is always a great person to interview- love his channel- as well as Sachs...learn a lot from both.
Very good, thanks
Great discussion.
Let me sum up what young men are feeling right now using an old African proverb:
"The child who is not embraced by the village will burn it down to feel its warmth"
Dang that's a good one, gotta remember it.
I learned all those basic principles when I attended the University of Texas at Arlington and graduated from the business school with a BBA in finance.
If this country were to remove video games and sports there would be a revolution overnight...
I disagree with the idea of those young people don’t want to go to work!! 😏
Its offensive in many levels! I personally know many of them including members of my own family who have been applying to many dead end jobs or so called ghost jobs only getting rejection at 12 midnight ! I have seen the frustration when companies play games and interviewers using Acator of themselves!
It’s time to ask companies to do the right thing and stop playing psychological games and meta data!
Right😂
My son is working, but looking for another job. He's totally surprised to find hundreds of people applying for one job. He said it is very difficult out there. He is well educated, personable with lots of friends and good connections... He has been able to be on the final list for multiple interviews, and then down to the last two, but still hasn't gotten an offer. He is feeling fortunate to have a job and understands how hard it is for unemployed to get work.
@@mandrews1245 thank you for sharing your story. It’s important for young adults to know not everyone thinks they are lazy! Only people on media who apparently don’t care about the real struggle that’s going on in our society with young people who are in verge of suicide because of rejection after rejection they receive , despite their qualifications!
I blame the companies for advertising jobs that don’t exist and recruiters who are just looking for paychecks! They are now abusing these young people by dehumanizing them only showing Avatars of themselves during interviews! I know a few who I try to give them advise not to get discouraged but unfortunately companies are very irresponsible and are too corrupt!
Agree, my daughter works 60 plus hours!
i love when adam taggart is on sachs
Klaus Schwab: "Eat ze Bugs"
K. Harris: "Eat da Pets"
😂
enjoy both of you.. Thanks
Americans listen you can fight this, stop buying things you want, just buy the things you need. I wanted a new car 50 K , I bought a used car in good condition 500.00. I want a 400 K house, I remained in the house I bought 1992 for 30 K. Sure it cost more in taxes and Insurance, not to mention maintenance. Bottom Line , I have no debt of any kind. Live within your means.
Right on. I drive a 2003 Chevrolet 1500 and still have my house I bought in 1999 for 50K. I’m debt free and retired at 56. I’m 59 now.
Cool, I'll just live in the house I didn't buy in 1999 when i was 5 years old - and continue not buying new cars like i already never have before in my life. What else should I do the same as I'm already doing to still be fucked? thanks for the advice
@@xraceboyex Just remember to go is to return.
I use a bicycle. No need for gas.
@@rmar1957 Your gonna be rich, I'm thinking you already are. Great job.
Great show
It's crazy to hear the level of Adam's education, and they still never taught the important fundamentals
ADAM TAGGART IS WONDERFUL....
I’ve been watching Adam for a long time and had no idea that he went to an ivy plus Stanford! That makes him even more impressive!!!
Great and insightful narrative by Adam👍👍👍
Very precious content ✨️
The job hiring process is what personally made me drop out completely. Id be fine being paid low if i didnt have to put out 3000 applications to get it.
Also veteran status in socal might as well read *** offender for how hr n hiring managers see it
Sounds like you either don't need to work or you're living on the street.
@stuartmoore6310 with my back problems record I'm unemployable for many companies so I started my own business almost 20 years ago , I'm glad I was unemployable , we find our way if we try enough
The Quality Of Work Available For The Rate Of Pay Doesn't Matter Anymore. I Have No Driver's License Which Immediately Disqualifies Me From Jobs I'm Entirely Qualified For. Now Everything Requires Driving In A Society That's Built Itself Upon Being Less Commuter Driven. 🤷🏽♀️ Freaking Hopeless, Soon To Be Homeless.
@StarfireReborn it's an intentionally broken abd hopeless system designed to create false pretense to justify illegal immigration and lower wages
The intro section is pure spittin facts, respect!
Heavy price to pay for financial illiteracy.
Respect for Adam Taggart. Hope more like him will show up so that we can wrestle the power of money from the financial elites.
The problem is without exponential growth & being so indebted you cannot control interest rates. I lived that sanerio & it does not work.
Now, if we could only get these guys to start a political action committee. You verbalized many of my same thoughts. Thanks.
Any argument to making higher education more affordable and more connected to entry to the workforce?