It's Over...

This will save the rich and hurt the middle class

💰 In 2025, inflation will disproportionately harm the poor and middle class, making the rich richer due to the government's tendency to give money to wealthy individuals and corporations.

📈 The Ninja predicts that over the next 2-3 years, gold and Bitcoin will outperform the stock market as the dollar loses purchasing power due to inflation.

🏠 Tax lien and foreclosure auctions in spring 2023 are expected to provide lucrative opportunities for investors, according to the speaker.

💸 The middle class often struggles financially due to high debt-to-net-worth ratios, while the rich maintain a mindset focused on calculated risks and passive income investments.

📉 Government cuts to social services and money printing are expected to create a whipsaw effect of rising inflation, causing bonds and money market accounts to lose value.

These items will be banned in 5 weeks

🚫 In 2025, California will ban clothing with high levels of PFAS under the Safer Clothes and Textile Act Pro, affecting the textile industry and consumer products.

🚛 Six states (CA, NY, OR, MA, NJ, WA) will prohibit the sale of new gas and diesel motorhomes and large trucks on January 1, 2025, driven by California's Clean Fleet Rule.

💄 California's Toxic-Free Cosmetics Act, effective January 21, 2023, bans 24 ingredients from cosmetic products, including PFAS, impacting the beauty industry.

Subprime auto market in trouble

💳 Auto loan balances increased by $18 billion in Q3 2024, with a 1.1% quarterly and 3.1% yearly growth, as more people opt to pay cash for cheaper vehicles due to higher interest rates.

💰 The average American has $5,000 in credit card debt but only $500 in savings, with credit card debt limits shrinking while car loan limits grow, potentially signaling a housing market crash.

🚗 Auto loan balances have surged 135% over the past 20 years, primarily due to new vehicle sales, despite stagnant incomes and rising electricity and food costs.

📉 The subprime auto market is struggling, with high delinquency rates in Q3 2024, particularly evident in America's Carmart, a subprime dealer.

📊 The burden of auto debt on households, measured by the ratio of auto loan balances to disposable income, has remained relatively stable despite rising incomes and stagnant new vehicle sales volume.

Hertz Is Having A Fire Sale On Its Tesla Fleet

🔥 Hertz is conducting a fire sale on its Tesla rental fleet, offering used EVs at deep discounts, including a 2021 Honda Kona Ultimate with 130,000 miles for just $12,436.

💼 Businesses can benefit by purchasing used EVs at low prices and writing off the full purchase price for federal tax purposes, potentially paying for the car at a high tax rate.

📉 Tesla's aggressive price slashing of new models in 2021 caused Hertz's used Tesla values to plummet, negatively impacting Hertz's company value.

🚗 Hertz aims to clear at least 30,000 electric vehicles from its fleet by 2025, including models from Chevy Bolts to Hyundai Konas to Teslas.

💰 The $4,000 federal tax credit for used EVs costing $25,000 or less makes the discounted Hertz EVs particularly attractive for businesses looking to capitalize on tax benefits.

Follow Me On X For Updates & Stories I Can’t Post On YouTube

• https://x.com/economyninja/status/1854612223529762818

• https://x.com/economicninja/status/1852497279623827564

• https://x.com/economyninja/status/1852085787531317466

• https://x.com/economyninja/status/1847379145095074193