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High Prices, Woke Corporations & Impossibly Unaffordable Housing... What's Next?
Economic Ninja
June 17, 2024
The Daily Ninja 6/17/24
Updates From The Economic Ninja
(6/16/2024)
💸 People are silently struggling with growing credit card balances and stagnant income, unable to afford rising prices for necessities like food and utilities.
🏠 The masses aren't able to qualify to borrow during hard Economic Times, even though the banks want to lend money.
💸 Massive amounts of money have been printed and given to everybody, leading to a real estate crisis and lending restrictions.
💥 A currency collapse is the most dangerous and scary collapse, and 99% of the public are running head first into it.
🚗 The Great Recession in 2013 caused many people to stop paying their car payments due to job loss.
👥 Self-pride and self-reliance are important in overcoming financial struggles.
💳 Building up your credit score and managing debt can be achieved through strategic use of credit cards and paying off high interest debts.
🏡 Taking advantage of falling interest rates and refinancing can be a lucrative opportunity for buying and investing in homes.
(6/16/2024)
🤯 The absurdity of paying higher premiums because someone had sex in a car and caught chlamydia highlights the strange and unexpected situations that can impact insurance.
Insurance premiums can be affected by unexpected and unusual situations, such as someone catching an STD in a car, leading to higher costs for everyone.
🚨 Geico and other insurance companies are facing trouble with potential claim payouts, leading to increased rates across various types of insurance.
🤯 McDonald's coffee order mix-up, followed by discussion on whether auto insurance should cover STDs contracted in cars.
🐿 Liberals are seen as irrational and lacking in critical thinking, while hardworking people are the ones who actually build and contribute to society.
🤔 Missouri woman tries to claim insurance benefits for catching a sexually transmitted disease from her partner in a car, leading to a $1 million bodily injury claim against Geico.
🚗 Geico brought the issue to federal court and won the case regarding consensual sexual relations inside a car not constituting use of the automobile within the meaning of the policy
🚗 Insurance award justified for car use, partner failed to disclose HPV, engaged in activity in a Hyundai Genesis without informing about disease
🚗 Geico's unclear policy led to debate on their responsibility for car accidents, with their attorney arguing coverage should only apply for vehicular purposes.
Geico's policy was unclear, leading to a debate on whether they should be responsible for car accidents and other consequences.
Geico's attorney argued that their insurance policy should only apply when using a car for vehicular purposes, based on prior court filings denying coverage for injuries tangentially correlated to the use of a car.
💰 Start saving money, get out of debt, and learn how to become a prime borrower to prepare for the economic collapse and inflation.
(6/16/2024)
🏠 California's housing crisis is pushing people to the brink, but there's still hope for change.
📉 Restrictive housing policies in California may be labeled as progressive, but they are having a regressive impact.
🏠 An economic crash is coming, and it will affect housing prices, despite the government's efforts to hide the truth.
🏠 Home ownership should be earned through hard work and patience, not just given to everyone.
💰 The median home price in California compared to the median income has resulted in a ratio of 9 or above, labeling it as impossibly unaffordable.
🛒 Are you going to be patient and gain knowledge, skills, and ability, or are you going to be like the ones racing out there and buying things only to lose them?
🏠 The American dream is being sold through debt, not homeownership.
🏠 "During this crash Banks aren't getting the houses. We are."
Keep Crushing It!
-Ninja Out
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