➡ Beware of a new scam involving fake Amazon refund messages. If you receive a text message about a refund, don’t fall for it because Amazon only communicates through email or app notifications, not text messages. Also, there’s an investigation into a possible money laundering scheme where a woman bought $3.5 million worth of Louis Vuitton products in the Netherlands, possibly to maintain the value of her cash. Always be cautious and report any suspicious activities.

Hey, it’s Dan. Welcome back to IAllegedly. And I’ve got a good one for you today because here’s 10 economic facts that nobody’s telling you. So let’s hit the like button, let’s subscribe to the channel, and let’s get right into it. First things first, guys, consumer food prices for the year are 12.5%. Hello, hello, hello, hello. Steak prices up 12.4% and food prices for beef, ground beef, in general, 10.4% increase since January. That is crazy. Huge number, the problem with, you know, we’ve talked about this over the last year and a half about how the farmers are producing, you know, less cattle, the herds are smaller, everything is different now right now when it comes to this.

Second thing is the buy now pay later loans that we talk about that I would never do. 25% of the people out there that use these are using it for groceries. That is insane, guys. They’re there putting off food purchase. They’re not even putting on a credit card. They’re putting it on buy now pay later, and that’s 25% of those purchases for buy now pay later are for groceries. That is up 15% in 2025. And again, staggering statistic that you can’t hide. You know, inflation accelerated in June, and it went up three tenths of 1% in June.

So again, is this the end? Is this a problem? You know, we’re being told how great the economy is, but is it? Is it that good? So I mean, it’s wild when you think about that. This is the fastest pace that we had since last year, by the way. More Americans are delaying retirement. 23% talked about this last month. 23% of the people over 50 say that they are delaying their retirement right now because they cannot afford it. So, you know, think about this. 25% of the people, one in four, basically, are done.

You know, got to continue to work. I don’t know what I would do, guys, if I didn’t work. I have a couple friends that are totally retired and a buddy of mine that likes to sleep until 11 o’clock in the morning when his wife’s not there. That ain’t me, guys. So I don’t understand that, but that’s a problem. The next problem, which is the biggest one and the number of personal bankruptcies, in addition to business bankruptcies, are a staggering 14% over one year ago. There are millions of people going bankrupt right now at an absolute record pace.

Number one is consumer debt. Then you get medical debt and things like that. Recently, we were told that you were going to have your medical debt removed from your credit report. And then a federal judge in Texas says, no, no, no, that can be put on your credit report again and people’s credit scores overnight dropped from 20 to 50 points overnight with that. Bye. So that was a real problem. And again, it’s just the state of everything right now, guys. People cannot afford anything right now. They’re in debt. They’ve paid too much for automobiles, too much for homes, too much for everything right now.

So next thing is corporate bankruptcies. You know, 188 large firms, multinational firms filed bankruptcy in quarter one, and it’s the highest since 2010. We don’t have the second quarter numbers in yet, but they’re thinking that that’s going to be higher than it was in the first quarter. Again, you know, look at the Chiquita banana thing I talked about in the last video. That is staggering, guys. I’m not saying Chiquita’s going bankrupt, but what I’m saying is that, you know, you can only push these companies so far. They’ve got to make a profit.

And everybody talks about the big, bad, evil companies and forget them. And then you get places like TD Bank, you know, last week that says, hey, we want everybody to come back to the office and there’s an uproar. You want us to work? Oh, my God, what are you going to stop with the demands? OK, so. Twenty twenty four saw the most bankruptcies from a corporate year ever where they saw six hundred and ninety four major bankruptcies, the highest annual since the Great Recession. And this year going to be higher. Wow.

Private equity behind most mega failures. You know, we’ve talked about this. How many of you have sit there have gone to your favorite store and it was purchased and sold? Everybody gets a handful of money and they sell the business and they make them then rent that building that they used to own, make them, you know, not pay a mortgage on it, but pay very high rent for that. So with that done, guys, you’re seeing, you know, a record number of bankruptcies last year. And they say this year it could double, double, double, double six hundred ninety four last year.

You know, private equity, you know, 70 percent of the multi-billion dollar plus business bankruptcies in Q1 were tried tried to the private equity companies. OK, the other thing that’s wild. This is the tenth thing of this is your private health insurance. We have to have insurance. I’m telling you, live your life without insurance. Watch what happens. You’ll be the guy that breaks his arm. You’ll be the guy that gets cut, you know, screwing around in the backyard. You’ll have a heart attack. Something will happen. And will it devastate you? Will it bankrupt you? Yeah.

But then here’s the thing. Oh, yeah, I just won’t pay the emergency room. Oh, yeah. What about the follow up care when they reject you coming into the office? Let me tell you a story about my divorce. And when the doctor was a little under a little bit of stress and I had to get heart work done and they literally I was in the office in a gown and they walked in, they said, hey, your insurance is is not active. I said, oh, really, you sure about that? Yeah, we are. You need to leave.

OK. And maybe put my street clothes on and have me get the hell out of there. You’re going to see this more and more and more right now. So get ready, guys. Get ready for this. Hey, guys, we talked about the Louis Vuitton store. There’s one here in South Coast Plaza that’s insane. Look at this. They made a motorcycle out of suitcases. You’ve got everything that’s just absolutely wild. And they also did a car out of the suitcases as well. So, again, would you like a $75,000 suitcase? They’re there. There’s more. They’re more expensive. They had a punching bag that was a quarter of a million dollars.

So step up, guys, and buy your wife something nice. Now, there’s a few more things that go along with this that are very, very serious. First things first, when it comes to your health insurance, think about this. Every health insurer has issued a notice to companies, even with your employee health insurance, that you could face double digit increases in your premiums between now and the end of the year. Some could go as high as double the price for your health insurance. That is going to be insane, guys. That that’s too much right now, according to a recent survey.

Seventy percent of Americans feel that they have anxiety and depression over their finances because they’re that bad. Not, hey, I’m concerned. No, I have anxiety. I have depression. People that are staying up at night that are worrying about this and worrying about their bills is at an all time high right now. OK, 70 percent of the people out there are concerned about that. We’ve talked about how many people cannot make ends meet. We’ve talked about how many people don’t have the money for retirement. We’ve talked about everything, but they can’t get through week to week to week and they’re borrowing money just to feed themselves.

The number of people are dealing with food insecurities. I’m telling you guys, I hate this. September is Hunger Awareness Month and every year, Fran Glover and I from Joseph Dreamhouse get together and we raise money to help feed people. This is awful that people have to go through this. You have almost 17 percent of America that have food insecurities where they’re skipping meals each day just to get by. Do not have enough to eat. OK, wow, that is crazy. Now, one thing we’ve talked about a lot, but you cannot ignore this is the freight companies that are going out of business.

I mean, there’s thousands of them. Another one I just talked about two days ago, laying out 350 people. The largest sector of layoffs has hit the freight and logistics companies. People that make things go from here to there. People that ship bananas around the world. Everything, guys, these people are done. Now, final, final two things, plus a reminder, we have the private channel I Allegedly Live that you need to sign up for. That’s fantastic. You go to I allegedly TV or use the link below is the easiest way to do it and to sign up for that.

But it’s everything we can’t talk about other places. We talk about their final two things. Think about this. Amazon Prime happens and ends, I believe it was July 8th had ended. As soon as it ended, all the scam tech start coming out. You’re entitled to a refund. And what happened? It was one of the most successful scam, you know, programs ever. So if you get a message and you purchase something recently from Amazon, you have to change your password immediately. Read the story below from Forbes, because it’s insane. What’s happened is that, oh, Dan, you’re entitled to a refund.

Check your account. Oh, my gosh, it’s Amazon. I better check this. The only problem is Amazon doesn’t communicate that way, guys. You know, it’s through email. So when you have the account, when you have the app, they’ll send you push messages through that, but they will not text you. And people don’t get that. And with that, they are they are definitely falling for this and they’re losing their accounts. They’re having, you know, thousands of dollars with the merchandise purchase. Think about this. You know, many people have a large percentage, almost 20 percent of the people with an Amazon account have multiple credit cards in the account.

Can I think about that? Oh, let’s use this one. Let’s use this one. Let’s use this one. So scam after scam after scam. And final, final story, which was another scam, was Louis Vuitton, the high end purse company. They have opened up an investigation in regards to a Chinese woman. That went out and bought three and a half million dollars to Louis Vuitton products in the Netherlands. And what they’re thinking is, wow, this is a really good idea, because if you want to hide cash and something that’s going to keep its value, women will go out, you can spend, you know, twelve thousand dollars in a purse.

And hey, you’ll give me eleven thousand for this. Sure, I’ll sell it to you for that. And they liquidate the purses for that. Now, I know you guys are thinking this is insane, but walk in that store sometime when you’re in a high end mall and look at, hey, how much is that billfold? And you’ll be shocked. Oh, this one’s this one’s eighty six hundred dollars. It gets insane. OK, you wonder why women wave them around. Yeah, I’d be waving a grand around to buy stupid enough to spend that. But anyways, the point is, is that the governments are now on to this.

How many other people have done that? How many people have laundered money by purchasing high end products like this? And the Netherlands government says one individual to buy three and a half million dollars of the stuff is way, way, way too much. So please hit the like button, join the email list. You want to get ahold of me, it’s hello at I allegedly dot com. Let me know if you feel any of this stuff. What did I skip in that great list? Because I think I covered it all, which again, it’s a different time right now.

There’s problems out there. Let me know what you think and I’ll see you soon. [tr:trw].

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