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do you guys honestly believe that the
Federal Reserve and the treasury
Department both were oblivious to the
fact that what they were doing was
further adding to inflation by printing
trillions of dollars and keeping
interest rates low I mean do you think
that they had no clue that we would be
in this position today just comment a
quick yes or no on that one I'm asking
for a friend because more people are
asking the same question are they trying
to crash the economy on purpose I mean
it feels orchestrated to some point in
what's worse is that it's expected to
hit a whole lot of banks very very hard
now the FED also just raised interest
rates again and so this means that
housing will become even harder for
people to achieve to purchase credit
card bills are going to see a spike in
interest rates getting loans are going
to be that much tougher layoffs will
become more and more inevitable and just
imagine how hard it's going to be for
those on Social Security you know it's
kind of like the increase that they got
for 2023 it meant nothing at all
Financial Freedom has never felt this
far away for a lot of people and it's
sad just to see how disconnected
officials are to our situation Asian I
mean do you guys feel the same way you
guys should know that more fear has been
injected into the population as treasury
secretary Janet Yellen pretty much said
that we can't guarantee all U.S Bank
deposits I mean that's a huge problem
since it's only going to push the
positives to take their money from the
small Banks onto the bigger Banks now
we're also seeing more layoffs while
unemployment claims continue to shrink
wait how does that even make sense now
before I continue please take a second
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video who do you trust with your money
serious question do you trust your
parents with your money your kids your
siblings your best friend your wife for
your husband who do you trust the most
with your hard-earned cash now the
obvious answer should be yourself and if
that isn't your answer then this is a
sign to take charge and learn how to
manage your finances but let's be honest
if anybody's going to take care of your
Investments it should be you we are now
seeing collapses happen in the banking
system and it's only a matter of time
until we see more but if you trust fed
share Jerome Powell with your money you
don't have to worry about anything our
banking system is sound and resilient
with strong capital and liquidity
we will continue to closely monitor
conditions in the banking system and are
prepared to use all of our tools as
needed to keep it safe and sound safe
and sound huh I guess that's why the FED
needed to push out nearly 300 billion
dollars recently because the banks are
just so resilient but right after fed
share Jerome Powell he said this we
believe however that events in the
banking system over the past two weeks
are likely to result in tighter credit
conditions for households and businesses
which would in turn affect economic
outcomes
it is too soon to determine the extent
of these effects and therefore too soon
to tell how monetary policy should
respond you know what else tight credit
conditions does we're bound to see
layoffs less people being able to afford
housing and we may see small businesses
file for bankruptcy with more than four
thousand banks in our country it's
expected that hundreds of them could end
up failing that in turn will then lead
to fewer mortgages auto loans credit
cards debit cards which again begs the
question does the FED realize what
they're doing here do they actually
realize the power that their decisions
have on our lives I mean just take this
one comment from U.S treasury secretary
Janet Yellen according to her she is not
even considered or even discussed a
blanket Insurance to U.S banking
deposits without approval by Congress
turning to the U.S Bank Fallout markets
digesting mixed messages on banking
deposits from both treasury secretary
Janet Yellen and Federal Reserve
chairman Jerome Powell Yellen said
before the Senate that she has not
considered or discussed Blanket
Insurance to U.S banking depositors
without approval from Congress that
happen at approximately 3 pm eastern
time yesterday just after Powell said
that the banking system was safe this in
turn created more fear in the markets
and it's not going to be surprising to
see smaller Banks lose customers as they
in turn would want to have their money
in bigger Banks like JP Morgan Chase or
even Bank of America for that matter and
you know what let's talk about our money
think about how much purchasing power
has been lost by the dollar due to
inflation I mean think about those on
Social Security who got the biggest
increases in their Cola for 2023 or in
decades that have their snap and ebt's
cut I mean think about the amount of
Americans who are living paycheck to
paycheck and haven't seen their wages
outpace inflation ever so this is the
sad state that many of us are in and
it's only made much more frustrating
when it feels like nothing's being done
to protect us this is how many of us
feel it's also why some experts are
predicting that Banks may see more runs
down the road hedge fund manager Bill
Ackman says that we are suffering
self-inflicted wounds and as that the
longer this banking prices is allowed to
continue the greater the damage to small
Banks and their ability to access
low-cost Capital trust and confidence
are earned over many years but it can be
wiped out in just a few days I fear that
we are heading for another train wreck
hopefully our Regulators will get this
right end quote tell me if you guys
think that this is right the number of
Americans who are filing new claims for
unemployment benefits have gone down the
forecast was for around 197 000 claims
but only 191 000 claims were actually
filed that really doesn't make much
sense given the amount of layoffs that
we're continuing to see but let me just
surf through some of them so you got NBN
or the national broadcast network
they're going to lay off 500 people why
well according to them is to adjust
their operational and funding strategies
especially with increased competition
and even more borrowing pressure Penske
the International Trucking firm is
laying off 152 workers as they lost a
bid for a transportation contract with
Kroger yes grocery store Kroger now the
seattle-based travel giant Expedia group
also had layoffs and affected almost 100
employees now just look at the tech
industry even with them making good
profits some companies continue to let
people go it's a lot of companies is it
as simple as they simply added too many
people during the pandemic yeah that's a
big part of it Tyler is they just hired
way too many people as a percentage of
what they had before the pandemic
started apple is the outlier let me just
give you some numbers here real quick of
the total number of mass layouts we've
seen across big Tech Amazon with today's
numbers 27 000 gone meta 21 000 alphabet
12 000 Microsoft 10 000 Apple big fat
goose egg Microsoft is set to lay off 10
000 of its workers Amazon is still set
to let go 9 000 more workers even though
they already removed 18 000 employees
earlier this year Dell the PC maker
laptop maker yeah they announced in
February that they have plans to lay off
five percent of their Workforce which is
around 6 600 workers but new claims for
unemployment just keep going down why do
you think so are these numbers being
manipulated or are they so low because
lot of people already exhausted their
unemployment benefits during the Health
crisis and they're just kind of like
falling off whatever the case may be it
really feels as if we're carrying the
weight of the world on our shoulders and
there are also more people saying that
hours are being cut on their jobs how
else are we now supposed to make things
work if this is the situation that we're
in but you guys know what's happening
around you as well make sure you let me
know what you're seeing in the comments
down below you know what the worst part
is of all of this it feels as if we're
not even at the bottom yet like we're
not even close and since you're here at
the end of this video I want to talk to
you guys about opportunities that might
be able to help you out not many people
realize it but you know there are ways
to strengthen your cash flow and it's
not impossible to get back to Financial
Freedom as long as you're willing to
learn now if you guys want to learn more
about that feel free to join us over the
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side hustles small businesses
investments in the stock market even
real estate basically methods and ways
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in gold there's a link in the
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please be kind to one another and I'll
see you guys on the next one