UPDATE! People Have STOPPED PAYING THEIR BILLS...AGAIN! 

JPM runs 100% on technical analysis also. I have proof of that as well.

@@Angry_BobWall Street runs on super computers

@@SSNESS I disagree. They ain’t so super at all imo

@@Angry_Bob 60 Minutes did a show on them years ago

@@SSNESS I’m not discounting the algorithm programming. They are just obvious with levels they see as buy and sell zones.

yup

You first.

Same here!!

Have they deployed that swarm of 80,000 irs goons yet?

I stop paying taxes last year... many people I work with too... Corrupted govt needs to build more jails now.

@@ladycactus110 They'll be just as competent as the secret service 🤡

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

Could you possibly recommend a CFA you've consulted with?

My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.

Not that I can disagree, but why is that bad? Many things correlate, few factors indicate.

Yup Biden went on a money printing spree to prop the stock market for his reelection campaign. Now that the Democrats know they're going to lose, they're letting the market crash. Buckle up everybody

I sold everything today except bonds lol

It's bad because it indicates severe overvaluation of the stock market, and much corporate debt is tied to said valuation. Values plummit, loans go bad, things go screwey real quick.

Big crash in stocks will happen in the next 3 months. The market is way higher than it should be due to manipulation of values (cooked books). Why do you think Jeff Bozos sold billions $ of his Amazon stock this year. These guys know it is crashing prior to election.

C.U. are fine if you only keep $5 regularly on your account.

on point!!! Credit Union the "best"

Who do you bank with? What are your monthly charges? Chase requires a balance of 15M to avoid any account charges. Their services are very convenient but having to leave this monthly average just irks me.

Don't forget JPMChase gave out 1,626 million-dollar bonuses on TARP money sjupported by the taxpayers. As of now DC is very wary about doing this sort of bailout again or there will be a national riot over it.

I stopped my Chase account.

After over two decades in the banking industry...Chase is not the only one...Barnett Bank was once the so called largest bank in florida...or they thought they were...anyway they did have a bank on every street corner. My experience is with banks from the 1970s till early 90s....but there was always money missing from employee theft. Much was because of the low pay of lower management positions. Employees working around money and desperately cant afford their bills. But during my time in the early 80s everything changed...efficiency experts cutting staff to nothing and working people to death. Barnett would actually send tellers out to a remote drive in...from 7 am to 7pm and begrudge them a lunch...not even a bathroom break. At the time the 3 tellers would have cars lined to the street from opening to closing. From the 80s through the 90s you would never find a happy teller. They justifiably hated their job and hated the management. Stranded out in a remote drive in with not even a bathroom and not the option of leaving their teller window. In ten years I had 9 bosses. Hire and fire. The upper management was untrustworthy. A former senior vice president I worked for and her young boyfriend masterminded not only a robbery of and entire branch but terrorized them for hours. The SVP did not ever go to prison but lost her job never worked in a bank again lost her home and moved and hour away. Barnett Bank of Florida had the moniker of keeping Charter Mental hospital open. I had managers fellow employees leaving Barnett and going straight into Charter. Ending up on disability. The CEO Charles E Rice was an alcoholic got drunk fell in his own pool and drown. One SVP could shame Harvey Weinstein. I left Barnett in the early 90s with health problems related to Barnett and I never worked and wont work in another bank

lady here sued Chase for closing her Donut shop business account. 300,000 she won the case then that location shut down and was bull dozed.

Wells Fargo as well.

Yeah good luck with that.

So you should eat, drive, travel for free? What do you think you are? Stealing from other countries and don’t pay in your own?

Yall got yourselves into debt... They didn't make you borrow money

And the whole system fails. Then what?

See you in bankruptcy

Duh. The central banks run the world.

I don't understand why they are allowed to charge that mafia rate

There was a woman during the early days of RU-vid that chewed out Bank of America for doing that, saying she could get a better deal from a loan shark. This was during the GFC and she announced on her channel that she was going on a debtor's strike. It went viral and made it on tv news. This was early days of RU-vid when I did not even do RU-vid.

@@Enki1013 What happened to her, do you know?

@@Enki1013 They are horrible. I worked there and quit because of how a little old lady was treated. Her crime? She was blue collar. She and her husband , who retired from the Navy, opened their account back in the 50's, never had any issues with her account, she never asked for anything. They just didn't make a lot of money. I was the one that got her call and this lady was so sweet. She was now in her 80's, a widow and needed a card overnighted to her because her brother was dying of cancer and time was of the essence. She needed to book a ticket to fly out to see him in the hospital. She asked me if I would waive the 15.00 fee to overnight/ expedite her card to her. I said absolutely. Well. our calls were monitored so here comes my supervisor from across the room, waving his arms like a maniac and he comes running over to my desk. He said hold, hold put her on hold! He told me no waiving any fees as that is how the bank makes their money. I replied to him, we were told to do it at our discretion? This lady has had her account with this bank since long before any of us in this dept. were even alive. Look at her notes, she has never asked for one thing until today, why can't I do this for her? He said we just can't. I had to get back on the phone and tell this poor woman I was unable to do this after all. She was so nice and did not want me to get into trouble. She did not have any family left to ask for help. My main issue and decision to leave that job was this incident because, we also had Merrill Lynch Wealth Management. There was a guy in town who supported his entire family, they were all on a trust fund. The nephew, who was in his 40's at that time, had someone assigned to his account to watch for when he would overdraw the account. they would then call over to Merrill and have the advisor put in more money, this guy had no idea, he had to do nothing, the account was monitored for him and every single fee (he overdrew his account all the time, had no clue how to manage it but was on a trust so he didn't care) was reversed, no questions asked, no matter how many times. They danced for that family. But yet, that little old lady who never asked for anything but that one time, was denied a lousy 15.00 fee to be waived. I said, you know, maybe if you guys weren't so busy reversing fees for trust fund dude, you can extend the same courtesy to all your customers when they truly need it. He just looked at me and said I know but we can't take this personally, it's business. I said true. I quit. don't take it personally. All they have to do is hit a little button to reverse any fee. and when they say they can't they really mean, sorry, you're too broke for the bank to care about your business. that "we care about our customers" is all bs.

@@kimwarner1681 She had made a followup video about it. It was around the time when it got me coming to RU-vid. She got a ding on her credit report for a late payment but, if I recall correctly, she was able to get a lower rate. Normally banks will do that anyway once they realize they are not getting payments so it probably did not have anything to do with her Debtor's Strike video. She started something at the time before a lot of people already knew this information, though, with a lot of angry credit card customers feeling punished for trying to keep payments current during a global financial crisis. The incentive was to just file for bankruptcy or wait for a debt settlement (which a bank will willingly offer after so many months of missed payments, but you just don't get to use the card anymrore just like in bankruptcy.)

If there are banking issues, most credit unions will get hit hard, first. Credit Unions make the worse loans, on depreciating cars/trucks, boats, motorcycles, vacations, etc,… to their members who often have average credit. Are those members/debtors worried about repaying those bills over others they may have when times get tough?

Agree! I love my credit union!

They kicked the can down the road... again. We still have a banking crisis coming. The Regionals that hold a lot of Commercial Real Estate are at the greatest risk. just make sure whatever credit uninion you go with does no have a crap ton of that.

@@bpb5541 commercial real estate is a big risk, but at least there remains an asset to sell of… even at a huge discount. Credit unions will be saddled with personal loans on junk and worthless assets. Everyone will be affected when the commercial real estate bubble pops. The second phase will be a wave of non payments on fixed loans… on “assets” people don’t need to survive.

Depends on your situation, I was recently across the country and got surprised, needed access to my bank... nope they are regional. I had to go through major contortions to get it sorted out. If they had a local branch I could have walked in and out in 5 min.

as a landlord, i evicted a few tenants over the years. You gotta go if you don't/can't pay... I'm not running a charity or a homeless shelter...

@@chaehoyi1986 for twenty plus years I have been renting properties. Tenants today have an entitled mentality. Nothing just happens to them, it’s a culmination of their life choices. I’ve helped out plenty, with little expectations… maybe just a thanks. Financial literacy is gone

I have worked in real estate for 2 decades. In that time I have only seen a small handful of renters that got evicted because the landlord raised the rent to high to quick. Almost every other eviction was some person that just decided they didn't want to pay rent because they would rather spend the money on luxury items and/or vacations. Of course there were also some drug addicts that choose money for drugs instead of money for rent.

@@chaehoyi1986 Yep, I'm a landlord, boss and was a bouncer in College.... The constant stream of lies coming at you is stunning. Sorry man zero tolerance.

Nope, actually being evicted and becoming homeless is.

@@thomasmcdaniel6264 best thing to do is have no credit cards,my mom got burned cause someone got her card number, lucky she had fraud protection...

There's a rash of people stealing postal mail, looking for checks, then checkwashing them and cleaning out your bank account. Happened to my mother and my sister. The banks made them whole but the banks lost money. They need to do a better job on verifying that checks are legitimate. Scammers are everywhere.

@@thomasmcdaniel6264 Cyber crime is at a all time high, unbelievable aggression

SEC...scammed me out of 1.3 million..lookup MMTLP..I got scammed by the US government

Lies

As he walks round an affluent district.

It's just like the Obama years but on steroids. ..

But Trump is going to come back in and save us? No he gets back in we get hyperifnation or more specific stagflation on steroids. Folks have no idea what that means.

I suspect a lot of the YOLO buying is done on credit, which'll make things worse when there's a correction.

I can’t find a job!

It will be bad for those that decided not to service their loans. It will be good for those who want to buy a forclosed home.

@@TheSuperdodgyyup

No it won't you will be out bid by corporate self insured investors.​@@TheSuperdodgy

correct

Same in Texas now

Or dial 8, that works too

@30% is 25$ interest per $1000. It’s not that bad. But when someone pays 167$ on a 10k balance it is. 😮 really havnt heard much these days on them cutting people down on limits tho.

30% of $1000 is $300 not $25 .

​@JFEnterprize what kinda math are you using?

People with bad credit have 29.9% interest

Go with a $0 introductory interest credit card. When the intro period ends, change cards. Been doing it for 15 years.

If they dropped interest rates you would just buy more stuff.

Everyone isn’t struggling. Live within your means. Stop spending money you don’t have and buying “stuff” you can’t afford. I have a paid off home and zero debt. Always used my credit cards like debit cards maintaining $1500 minimum credit cash balance. Also own Visa and Mastercard stock in my portfolio.

i am not struggling but I have no debt and live very frugally

Have rents gone down in OKC

So sad. Is there light at the end of the tunnel? Expenses keep outpacing income, hopelessness sinks in.

😮😮😢😢 just sad

Same here in Charleston , SC. I just moved my sister in with me from NC, Charlotte! 600 rent increase for the same dam thing!!! Hell no! Stay with me rent free and figure it out! We just spoke and it was the best decision ever for her and my dogs!! Family over everything

@@FredTechSc Good for you guys! Have to do what you have to do in order to make it.

Right

Bank of America lied and take houses across the country.

Corporate owns our politicians. They tell them exactly what to do and say. Which means what?

BoA is why my family lost everything.

BofA is the worst IMO

@@benjaminwlang See my previous comment on them...horrible horrible they are

FDIC is worthless. They are working on borrowed line of credit by the bankrupt Federal Reserve.

If you close a credit card it hurts your credit. You never close them. You take the card and cut it up after you pay it off and never use it again. That is if you care about a credit score. Rich people don't care they are their own bank.

@@bpb5541 Not always true...Depends on what your credit utilization is at the time of closing it. I had a zero balance on my 1 remaining credit card, which also has been open for a long time. If it had a balance, yes it would affect my score because my utilization would be higher. Also, I could've cut it up but leaving it open can still leave you vulnerable for someone to hack it and use the card. I'd rather close it and be done with it - zero temptation to use it ever again and no hit to my score.

@@bpb5541 Credit is a gimmick anyways. He's clearly downsizing. Being that micro over the 3 points you might lose is moot when you're not looking to actively gain more credit. You can stop paying everything now, and close everything and if you don't plan on taking out more loans, and more credit, it doesn't actually harm you. Like Buffet said, "It's only a loss when you sell." - Credit score literally does not matter if you aren't looking to get credit lmao.

Truth...........

I think the lesson was learned. Trump would not have locked us down. He knew the economy would crash. Better times ahead...but need to clean up the mess of the last few years

How many of these alleged "many owners" who lost property do YOU KNOW?

In the Hudson valley there was a young woman with two rental properties during the pandemic. She had to live in her car because she became homeless when her tenants stopped paying.

I paid cash for my rentals in 2008 and only rented to select people under a solid contract. No issues. My renters were students and families of hospital patients. Parents came to take their kid home and the other tenant went back home in other state. Just locked them up and stayed empty.

😂

Gold

lol

Good design for people like me who are debt free with no financial issues.

I don't think the banks are out of the woods by a long shot.

because people believe government gonna bail the banks out no matter what

I know!! Me too. It is like 2008 when they were lining up to give everyone a home loan for twice what they can afford. Big box banks are wanting people to go bankrupt or something.

how else do they make up for those losses.

Bank: Wanna take out a HELOC? Me: No

@@FeliPeltier HELL NO...ha ha

US Dollar is still King. No one struggling wants to hear that. But America is far from anything resembling a financial "collapse" even the BRICS unit doesn't have a solution like the US dollar. Because no other country will take on debt required to make the currency available to other countries. America has a spending borrowing power not matched by other nations.

Absolutely,my bank never charged me any amount of money,,there offering 350 dollars to open a new checking account with direct deposit..

@@andrewgleason586 which bank?

At my credit union you need $800 minimum for free checking. Already had direct deposit and credit card with them. Always floated a $20k minimum cash balance in checking with a $60k savings backup if needed so no big deal. Makes no sense having less than $800 in a checking account anyway in my case. Never a fee.

Yup, you don't have to worry about paying a bunch of bills, when you are debt and mortgage free. Right now, my only bills are electricity, internet, insurance and property taxes. No struggle to pay any of those, because I budget.

Yup. Completely debt free and mortgage paid off in 2008. Thirty years of living within means,avoiding debt, nine year mortgage,investing,saving,contributing to retirement,buying used car,etc. has paid off. My entire household living expenses (including,condo HOA dues,taxes,insurance etc.)are less than $1400/mo. while others in my zip code pays $2k-$4k or more a month just on their mortgage alone. Retired 15 years early debt free in 2020 and realized fewer expenses. I can fly free for life anywhere. Fill car with gas twice a year and change oil every 3-4 years among other things. Only need $30k to $45k a year to live on,travel,and other hobbies,activities,and interests.

We can’t afford to pay them! We were promised a good paying job and success from going to college. If you’re lucky enough to get a job it still doesn’t pay enough! Rent is through the roof, insurance is going up, food cost is insane. Even making 40k+ a year how are we supposed to add another $500 a month bill? We’ve been scammed by false promises. It was all by design

Ban student loans.

The students are laughing!😮

​@@s99614 foreigners get their education paid for by the governments, come to America and undercut Americans' pay (that had to go into debt to get a decent job), and now all job growth has gone to foreigners since 2018. America doesn't support its citizens with healthcare or education and now wondering why its citizens can't compete.

students in this case is not possessive, no apostrophe. English.

I don't feel bad for landlords either. Just trying to game the system, locking people out of ownership to fund their personal enrichment and retirement so they don't have to work. You know it's true because anytime a landlord has to do ANYTHING beyond cashing a check they complain about the amount of work they have to do... Because they have a false pretense that being a landlord is no work. That's your problem.

@@TheeGlocktopus you have it soooo wrong you have no experience on what it takes to be a landlord no clue its not just cashing a check lol your too funny ill have to post this on bigger pockets if it were so easy and made tons of money more people would be doing it and not getting out of the business--- and yes its a business or did you even know that do you think people that own business just collect money ... lol to funny

California law does not protect the landlord

Yeah but at tax time if you miss 59 cents you will threatened with jail!!

Trump added $8.4 triilion while is was president.

It will never be repaid 🤣

It won’t

With your money, mine and everyone else’s money! Increase in taxes, increase in fees, etc!

Doesn’t matter to me. Never had debt with mine. Only spend cash with my credit cards.

They were probably on dope.

@@lotsofthisandthat9791 you know that’s right. Meth

You tell em to go away, or offer your own pennies on the dollar. 9 times out of 10, they will spend more on lawyers + purchase cost to recover what they want from you, so they don't even bother.

My credit card companies are mad I don't use my cards often and constantly bugging me and offering increases and other perks. Not gonna happen.

What did you do in getting away from them? They’re making me use a checking account where I have to have a minimum balance of $500. Otherwise I have to give them $10 🤣 I only need them for the occasional ATM withdrawal, maybe once a month

And here you were thinking you were free 🫤👍🏻🥳🤣🤣🤣🙌🏻

You will own nothing and you will be happy....

@@JFEnterprize More like brainwashed into thinking we are free. Free speech is now becoming more difficult as you have to be careful what you say and to who.

Maybe you could give plasma if you need cash.

I'm not a Biden fan. I'm not a Trump fan. But whomever wins the next election simply will not just turn this economy around. It's a global issue. Things are only going to get worse for those low income folk.

You have no idea how this stuff works. Which puts you at great risk. Do you think this mess just popped out of the ground in the last 3 years? Americans are uneducated in this stuff. You must do the work yourself. It will not be handed out or taught to you in any of the educational system. This is done on pupose to make folks blame the wrong thing and vote for something that is actually gonna make it worse so they (the rich) can just steal more. Don't worry I am sure you think I am wrong. You will see soon enough that I am not.

Just Heard a Lady on NPR Say that She thinks Biden is Trustworthy

You need big tax break from your Felon !!! Cause That’s all it is

Yeah poor landlords, everybody picks on them. LOL

Yes, under the moratorium, landlords couldn't evict - now they are pissed and aren't messing around.

You need to look at charts. If you think everything is okay you apparently are watching main stream media. They are owned by the rich they want to get in your head and give you false narrative. Worse is folks just regurgitate what they tell them without doing any of their own work. So let me ask you. Are you still going long stocks and bonds? Still doing the passive set it and forget monthly 401k investing?

it is only beginning

California state law caps rent increases to maximum 10% per year.

Yes they are....???? Do C Cards decrease the interest when it goes Down 👎 or that only works for it going up to charge you more🤔🤔🤔🫤...........

Glad someone in here is actually paying to attention quarterly earnings instead of free lancing "the world is falling" garbage - well done Andrew. As he noted: Banks are killing it.

The FED didn’t raise rates to stop inflation (yes, I know they say that propaganda for public consumption). They raised the rates because they started selling off all of the stock and bond markets debt that they took on beginning in March of 2020, an unprecedented intervention, since we were already falling off the debt cliff in 2018. (Because we never dealt with the fraud created by finance’s deregulation, and until we do, it’s boom and bust, constantly.)

Why are you getting full coverage on a 2011?

That's way too high. Should be about $90 per month

If your 48 and older try AARP.. IT'S SO MUCH Cheaper as long as you have a good driving record..

For that much money for insurance, you can just buy a new car when you get in an accident. That amount of money allows for 1 totalled car a year lol

New but used car

Been in credit unions since high school. Same free checking. Never had free checks but all the benefits have been top notch. Plus same in four different states I've lived in

Gosh what a novel idea! Never heard of that before!

Oy vey

If they were, then go to your local court.

Yep and it’ll prevent them from buying in the housing market for the rock bottom deals 😮

Never cared about credit scores. Got my mortgage pre-approval with zero credit. Never needed to borrow money for anything. Always used my credit cards like debit cards.

​@@blackworldtraveler3711Congratulations.

just like last time 2008-2012

@@blackworldtraveler3711 yea but what did you put down? 50% so they figured they were wel covered if defaulted?

Can you say that louder!!!! It needs to be HEARD!!!

Parts of FL and TX have seen a 30 to 40% drop in the last two months. They (and the rest of the country) has much farther to fall. That is horrible advice IMHO. Now is not the time to buy any asset. Now we wait.

Right!!! I wish my rental property to be in Texas, instead I am in a total loser State of Pennsylvania!!! Ugh!

@@bpb5541 I should have also stated when you purchase real estate. Yes, I know now is not the time to purchase anything or even go out to eat since everything is way over inflated in price due to the private FED and the rest of the private western central banking system.

Some is paid to stockholders in the form of dividends.

The shareholders

the CEO, CFO, board chairman, shareholders

Francine Duguay program is widely available online.

I appreciate the professionalism and dedication of the team behind Francine’s trade signal service.

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

It was quite challenging to understand the different trends on my own until i found out about Duguay. Trading made easy.

Millennials say basically nothing is ever their fault.

Spot on! And money isn't real. Faith in the system is deteriorating quickly.

Get yourself a nice used rv. Preferably a tow behind.

I'm a (young) boomer and taught my kids to never carry a balance on a credit card. None of them have. I will periodically ask them if they have a cc balance just to remind them to stay on top of expenses.

Sadly there is truth here. The bad guys keep winning

There’s caveats, such as you must use your debit card 12 times per month, have direct deposit, have savings with them. Som require you to have a loan with them. I get free everything from Chase, and I am with a credit union that at times charges me a few bucks per month.

Which credit union

Points of view matter. And some are more correct than others.

Maybe instead of being jealous, maybe they should work harder, or get another that pays more.

Don't care. Fake market, fake results. Now you're going to feel the pain of everyone else 🥰

Even my own family is showing off to other members, turning the YOLO purchases up to stun. Does anybody here know how a family making 300k a year MAX BEFORE TAXES can afford a $2mil house with 2 kids and a third on the way??!

Not jealous ok someone's lost is someone else's gain that is life period . There are people ready to capitalize on other people's failure. Don't get it twisted my friend .

The name of the game is Monopoly we all played it but didn't learn anything from it.

said Ben Franklin, I believe

We do too lol

How do you know? 😳

… yet.

💕💕💕🙏💕💕💕