Proof Of What They Are Doing

(9/25/2024)

They won’t let me go LIVE… I’m doing my best to get you the information you need. The best course of action is make sure you have notifications turned on and you keep an eye out for these emails with updates.

Consumers are...

(9/24/2024)

1. 🔻 Consumer confidence plummeted to 98.7 in September, marking the largest one-month decline in over 3 years, with the most significant drop among those aged 35-54 earning $50,000 or less, struggling with skyrocketing living costs.

2. 💼 Job market concerns are rising, with only 30.9% of respondents saying jobs are plentiful (down from 32.7% in August) and 18.3% saying they're hard to get (up from 16.8%), while 12-month inflation outlook rose to 5.2%.

3. 📉 Economic indicators suggest a potential recession, with the present situation measure worsening by 10.3 points to 24.3 and the expectations index dropping 4.6 points to 81.7.

4. 💰 The Federal Reserve's rate cut and stock market gains aren't benefiting consumers, as bond yields increase and stock market volatility affects those with 401ks, particularly impacting individuals earning under $50,000.

5. 💡 To navigate economic downturns, consider working a sixth day per week, starting a side hustle, and preparing for potential economic collapse, as challenging times can present unique opportunities for entrepreneurship.

DOJ Just Attacked Visa

(9/24/2024)

1. 💰 The DOJ sued Visa for allegedly maintaining an illegal monopoly over debit payments, resulting in billions of dollars in additional fees for American consumers and merchants.

2. 🚫 Visa's exclusionary agreements with partners and efforts to smother upstart firms have allegedly allowed it to extract fees far exceeding those in a competitive market.

3. 🏦 The payment giant's dominance in the debit ecosystem enabled it to impose penalties on customers routing transactions through alternative networks or payment systems.

4. 🤝 In 2020, Visa abandoned a $5.3 billion deal to acquire fintech company Plaid after the DOJ filed an antitrust suit to block the acquisition.

5. 💳 Visa and MasterCard agreed to limit fees and allow merchants to charge for credit card use, potentially saving retailers $30 billion over five years.

They Didn't Want This To Happen

(9/24/2024)

1. 🏦 The Fed's 50 basis point rate cut is unusually large, typically reserved for economic crises, but appears to be driven by political pressure and the upcoming presidential election, potentially leading to short-term asset growth followed by inflation and crisis.

2. 💹 Significant Fed rate cuts tend to boost stocks, pull money from bonds, and increase stock investments for higher gains, while negatively impacting mortgage rates and other debt, despite claims of a strong economy.

3. 💵 The Fed's 2% inflation target consistently erodes the dollar's purchasing power, maintaining a delicate balance that keeps people feeling just wealthy enough while gradually strangling the economy.

4. 🏛️ Federal Reserve Governor Michelle Bowman advocated for a more measured approach to rate cuts, warning that the large reduction could be seen as a premature victory declaration on price stability and pose risks to low inflation and full employment goals.

5. 📊 The Fed's actions create a cycle where houses and stocks consistently appreciate over time, allowing people to take profits, pay taxes, and maintain economic flow, but this system ultimately threatens long-term economic health.

You don't have much time left...

(9/22/2024)

1. 🏘️ The housing market crash began 1.5 years ago and will be multi-year, with the most expensive homes collapsing first, followed by mid-range homes, while affordable homes and cars initially hold up better.

2. 💰 Despite falling mortgage rates, lagging home sales and 3x more listings in some areas since January indicate an ongoing housing market crash.

3. 🏦 During a housing market crash, banks pull back on lending for cars and homes, causing a credit crunch, as predicted by the Economic Ninja before the commercial mortgage-backed securities crisis.

4. 📊 Understanding market cycles and timing investments is crucial for navigating the real estate crash, potentially saving investors tens of thousands of dollars on home purchases.

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