I saw one of these short videos where some guy and don’t know what state was ranting that in order to buy a house now he found to have to make 66 a hour or over 100k a year. The ages to buying houses is going up especially if single parents for child care reasons. Not only the extra cost including child care but if they lost child care they could have to relocate somewhere closer to it in order to work. Also with prices driven so high for the same square footage, insurances going up and economy they would lose money buying it. People are starting to pool resources with other family members.like WW11. That’s why I find it so interesting that SS is now thinking of ways to pass the buck on what they owe retirees to family or spouses even non spouses which appears unconstitutional and theft trying to dump their debt on someone else.
Captain Hook @ 16:23 Re Affordable Houses and Cars etc
The main problem after our peak of prosperity, was too many Americans gleefully started buying IMPORTED cars. Do you drive one? I’ll best most posters here own one or two. I tried warning my friends to not do that. I drive a 2001 GMC Jimmy, and an ’89 Chevy van and my son drives a ’98 GMC Jimmy.
Business people I knew started buying Japanese and Korean machinery because they were so good and so cheap. I warned them too, they were buying and eating rat poison they re all out of business because the dumb as a stump USA during Ragan gave tax breaks to buy them.
Every year newer the cars get worse for all the stupid stupid welfare electronics. Who the hell wants a car that the motor shuts off every time you stop at a lite. I knew something was wrong when they killed JFK in 1963, and then came the dumb ass stump gov’t gave us the gun control act of 1968. The end of mail ordering a rifle. Plus they stuffed us into the stupid Vietnam War and so many others.
Basically to have a minimum wage equal to pre 1970 minimum wage it would have to be $50/hour, that $2000/week meaning you can afford $2000/month for rent. Joe McCarthy Was Right.
Don’t say I didn’t warn you …
If America continues following the course shown in this essay… it is imperative that you teach your grandchildren about Communism and how to say with mindless enthusiasm… “Yes, Comrade!”
“Who controls the rural areas and suburbs during chaos and civil unrest… controls the destiny of America” – Author Jack Lawson If America continues following the course shown in this essay… it is imperative that you teach your grandchildren about Communism and how to say with mindless enthusiasm… “Yes, Comrade!”When there’s no hope but the empty promises of communism… |
by Tyler Durden and Author Jack Lawson
Check out the original article HERE.
The foundational pillars of the American middle class have been crumbling for decades, crushed under the weight of unaffordable housing, runaway education costs, and the rising price of just about everything. This full-blown affordability crisis is hollowing out the middle class from within. Add years of mass migration of millions of illegal aliens, and the wealth and opportunities once available to the native population have eroded even further. It’s becoming impossible to ignore that many policymakers in Washington, seemingly aligned with the globalist billionaires, have deliberately waged economic war on America’s middle class. This is precisely why President Trump rose to power.
Two of the core bedrocks of the middle class include homeownership and family formation. These two pillars provide economic stability, social cohesion, and long-term investment that sustain a prosperous and resilient society.
Alarm bells have been sounded, and the Trump administration had better be paying attention, because a new chart that shows the estimated percentage of 30-year-olds in the U.S. who are both married and homeowners, spanning from 1950 to a projected 2025, has completely collapsed.
The chart was first posted on X by Nathan Halberstadt of New Founding, who stated this is a “critical civilizational problem.”
Halberstadt is correct: Young Americans can’t afford homes, can’t start families, and increasingly see the American Dream as just a dream. This has given rise to socialism and Marxism, spreading across the nation like cancer. It’s as if the globalist elite in Washington deliberately sabotaged the middle class over the years, hollowing it out with decades of destructive policies designed to break those key pillars.
This chart was enough for Elon Musk to respond with “!!” as he, too, understands there needs to be a drastic and sharp course correction or risk losing the country to socialists and Marxists.
The reason Communism failed to take hold in the U.S. in the 1960s post-WWII is that the economic expansion had stable jobs, rising wages, access to homeownership, and upward mobility. The revolution didn’t die, it just changed tactics with all things woke re-emerging in the current unaffordability crisis that has taken decades to play out.
From Author Jack Lawson… The PILLARS THAT KEEP A GOVERNMENT IN POWER are in the depiction above. When one or more crumble, it can end that government’s control, function and existence.
The destiny of America will not only be towards Communism, it will be the slow extermination of the White Anglo Saxon Race and absorption of American born and American thinking Orientals, Hispanic and blacks into this population of feral illegals. Couple the above chart with the previous one…You born and bred Americans of all colors will be overrun and absorbed by FERAL ILLEGALS who have a total different set of values or no values, don’t think like Americans and actually hate you. Even Kermit the Frog will get steamrollered and stomped on by these FERAL ILLEGALS.
America will be a Third World Country you won’t recognize… Why!? Because you haven’t been with the common people in the Third and Fourth World like I have and seen how they live.
Maddog 13:05
That’s the best scenario I’m hoping for and returning all that money they stole from us would help too. As far as SS if they’re not refunded I’m gonna start a new movement. We want a pay off starting no.less than a million and moving up in pay the younger we are starting with the oldest person living not their made up Expiration dates.
Bringing the dollar back a bit
Weighing on silver some, but gold not too much. Might make for an interesting close.
Gold shares are just unbelievably good today. Some of the silver’s are a little sketchy, some strong. At least of the ones I watch.
Hard to see what will take us down. I suppose they can manufacture a selloff in the bond market and some dollar strength for a day or two, but bonds are looking for a .50 pt. cut. If we only get .25, that might take us down for a bit.
Still have to think we can get to $4K and $50 by year end with all the central bank accumulation, but we’ll see.
Maddog, Mr. Copper
Maddog – yes, Trump needs rates down to 1-2% to reduce the debt payments. Tariffs are helping somewhat, but he’s got to cut spending and a big part of that is removing illegals that are on the government dole. I think it was 4 million illegals were given full disability benefits by Social Security at $4k a month per. That’s just outrageous. There are so many things like that to cut.
Mr Copper – I thought the video was AI as well but the message was spot on.
Unbelievable day for the pm sector. I thought we’d get a pullback for sure.
goldielocks
What happens if the Globalists get defeated…very likely ….Trump makes peace in Ukraine and Rusia returns to the fold…..Xi is booted in China…highly likely and reformers take back control …again highly likely…..the world would be a much saner place !!!!
Maddog BTW
Since you haven’t seemed to get too burnt out see if you can notice a pattern. 08 in the US was fast but I could see it, or the top was defying gravity before the fall. Next one I spent hours making indicators and found it by 2010-11 but it wasn’t as fast. ” It changed after 08 ” Plus PMs manipulation was going on rewarding equities while they were purposely attacking the PMs, punishing commodities. A slow take down. Then 2020 was fast. A bio event to divert from the repos and deficits and push a agenda maybe fearing pitchforks coming after them.
Nevertheless a every other bust year changed from fast, to slow, then back to fast, as far as wall street. Tricky?? I’m not sure of all their options but wouldn’t rule out a false flag event either.
Maddog 7:38
Re: sell signal since the 2008 Lows…..?!! Yikes
He did say it could happen fast and no one’s sure so to be prepared on what to do. He said it could happen at the end of the year but like all the others saying 26 is gonna be a rough year. No ones sure. One said even Buffett got out too early. That isn’t normal for him or doesn’t seem normal.
I like listening to his numbers too but have mixed feelings about what kind of economy he’s describing at oil 500 plus all the other numbers. They all seem to be hinting to a WW11 economy including Armstrong talking about making victory gardens hinting to food prices. People are already struggling with that now
He mentioned after the coming bust “which is already here for most people” so obviously talking about wall street when ever that may happen it will change to a commodities boom with some of the stocks like individual tec companies be be okay but won’t be the same as now.
Ps I’m just comparing.
deer79 @ 10:21
23% is a big piece! I’m sure he knew about the merger ahead of time.
PS Sprott is so heavy into the miners the co. must be making a fortune!
IPSO re. NFGC
Also, the news about a week ago, where Eric Sprott bought another 12.2 million shares in a private placement. He now owns 23% of the float!
buygold
Re rates
What bshould be happening here, is that with Trump at least trying to solve yr debt problem, US rates should be a little easier, wheras there shud be a real crisis in Europe, as none of their governments are doing anything , apart from talking occasionally….Japan shud have rising rates, as it does…..Europe is well out of step and I suspect intervening heavily, to try and pretend there is no problem….There is and it is fatal.
We may yet see defaults on Euro and UK debt…..got Gold.????
New Found takes out Maritime
New Found Gold to acquire Maritime Resources, creating emerging Canadian gold producer
https://newfoundgold.ca/new-found-gold-and-maritime-enter-into-definitive-11467/
Shorts just getting hammered
Wow. We haven’t even reached the point of mania yet. Hard to imagine what it will look like when the metals are rising 3-4% a day. Looks pretty good right now and gold is only up 1.25%
Good times.
Maddog – it seems to me all these governments and economies need 0% rates to survive. Fruits of living on borrowed money.
@ eeos re your 1:50
So do you think that video was fake? It did seem a little strange how he kept looking in different directions. The info sounded right to me.
Big miss
22K vs. the 77K expected.
Off to the races, dollar getting hammered, rates down to 4.09%.
Hopefully rates go a lot lower and pm’s go to the moon!
All that being said, we’ve seen these number related moves reversed plenty of times and we are already overbought.
Caution might be warranted here. I hope not.
Maddog – agree
There have been a lot of calls for a SM crash that never comes – outside the Covid crash in 2020. I don’t see any reason for it to crash if the currency continues to lose buying power, the money has to go somewhere. The only difference is that it seems they’ve lost the ability to manipulate the metals as much as they used to.
Looks like we’re off to the races. Numbers must have been weak. Raging bull. 😁😳
Buygold
If rates hang around here, or ease some more, then the great EU panic, may have been stifled…..for a while at least
Weeklt charts showing potentialm resals
goldielocks
Re Hunter…Tks v much ….v good love his numbers….but they suit my Book, big time…..
Interesting he sees no SM bust in near future, that is what the Russell indicator is still saying…..that is an indicator created by Richard Russell, one of the greatest TA experts of all time…it has basically never given a major sell signal since the 2008 Lows…..
Jobs day
The lead up to the big number has the dollar lower, rates down at 4.15%, oil down 1%, SM futures up some led by tech, and Bitcoin up 1.5%.
The forecast calls for 77K jobs. I’m not sure if the outcome for pm’s is already planned regardless of the numbers. It was that way for a decade, but this is a different pm market, so we’ll see.
As of now pm’s are flat and shares are up a little. I guess we’ll find out in an hour or so.
Maya 1:53
Up late shopping for some pieces for a new room since going up in and down stairs is in hazardous to my health. I gifted my son in law with a Milwaukee set of tools for helping me. He checked with his contractor brother on it and he got all happy and said his brother said he’s jealous, they’re top of the line. I don’t know one tool by name from the other pretty much but I know Milwaukee makes good tools, and motorcycles too. I almost signed off but decided to check the PMs. Even though I’m only in phyzz right now. Must be a addiction. So your grew up around the trains.
Anyways I got both my grandsons in used but good running cars for just that reason, traffic is really bad here. I wanted to make sure they didn’t get a car that would die on the Fwy. Not the only cause of accidents but that video is exactly why. Kids aren’t safe riding bikes around either like they pretty much could once. Neither are seniors in electric scooters. A trauma nurse said they should be wearing helmets, they’re getting hit too. My 16 yr old step granddaughter was taking her ebike to school and riding over a tight overpass. I told her I’ll get it for her birthday but has to promise me she gets on the side walk and don’t ride that street walk across. Even if you ride across the sidewalk if no one’s on it. Well luckily she didn’t but when crossing over it at the point traffic merged right into the Fwy they hit her bike spraining her wrist when it knocked it out of her hand. If shed been on that street could of been worse. No more riding her bike to school. No way to avoid that overpass.
I’ve seen it too and when I was still in LA I took it up on myself after a cop sped past me to play cop knowing they would probably happen and turned on my emergency lights and started doing the cops round robin doing S s and slowing down the traffic coming behind me. I didn’t know if I was gonna get a ticket for driving like that but I think they knew what I was doing. Californians are notorious for driving too fast in bad weather and knowing that having to drive home at night from work in heavy fog where you can barley see 3 ft in front of you was out right scary. I thought about getting a motel once over it after I heard from another nurse his this big truck didn’t see thie driver who happened to be a jewelry salesman with big bucks of jewelry on him at the time got squished between the cement barrier and the truck who didn’t see him. They found his decapitated head on the dash board. It would help if they could do something.




