22 States Are Already in Recession

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Summary

➡ According to a survey by Moody’s Analytics, 22 states in the U.S. are currently experiencing a recession. The states affected include those in the northwest, Midwest, and Pennsylvania. The survey also revealed that some states are “treading water,” meaning they could soon be in recession too. This economic downturn is causing issues in various sectors, including auto sales and real estate, and could potentially lead to more businesses closing and people losing their jobs.
➡ The article discusses a variety of topics, including the negative impact of a $20 minimum wage for fast food workers in California, which has led to businesses cutting back and even closing. It also mentions the rise in precious metal prices and encourages investment in Patriot Gold Group. The article warns against the potential dangers of over-the-counter weight loss drugs sold at Costco and criticizes the misuse of SNAP benefits. Lastly, it highlights a lawsuit against TD Bank over a fraud case and discusses the importance of a healthy diet in preventing heart disease.
➡ The speaker encourages a healthier lifestyle by suggesting natural remedies over pharmaceuticals, promoting research, and advocating for regular exercise in outdoor spaces like parks. They also recommend listening to music or podcasts during these activities, eating better, and taking good care of oneself. They hint at an unpredictable future, urging listeners to be prepared.

Transcript

Hey, it’s Dan. Welcome back to IAllegedly, and I’ve got a good one for you today because I have a major story, and that is 22 states are already in recession right now. Wow. Is yours one of them? Let’s cover it. Hit the like button, please. Subscribe to this channel. We also have a sponsor today, Patriot Gold, and I will talk about them in a little bit, but let’s get right into it. Moody’s Analytics did a great survey of all 50 states to show where the economy is for each of those individual states. I’m going to show you this map a few times, but this map breaks it down, and the map shows you which are the problem states.

Look at this. It’s the northwest. It’s the Midwest. It’s Pennsylvania. It’s all these problem states, but I’m going to break this down for you because it’s really, really interesting the way they did it. Red, if you have a red area, it means that you’re in recession. If you’ve got a yellow area, it means you’re treading water, which is California. I think this state is in recession right now, and people just don’t want to admit it. The media doesn’t want to admit it. They don’t want to let you know that there’s a real problem in the economy, but here’s the thing that’s inevitable.

People are going to find this out. You’ve got green states on this map. Those are the expansion states, and you know, Dan, these expansion states will probably pull us out of a recession and keep it so the entire country is not in a recession. No one cares about that. You care about your community. You care about which businesses are going to close. You care about sending your kids to safe schools, having your house sell when you want to sell it. You care about things that affect you. We all do. Let’s face it. Now, the problem with this is that it’s just all these areas that people didn’t think about.

Now, I’m going to list off the states that are actually in recession right now, which is kind of a wild list because I just didn’t think that this was going to be this big of a problem. But listen to this. You’ve got Washington, Oregon, Idaho, Montana, Wyoming, North Dakota, South Dakota, Nebraska, Minnesota, Wisconsin, Iowa, Missouri, Arkansas, Mississippi, West Virginia, Virginia, Pennsylvania, Maine, Vermont, Massachusetts, and Connecticut, and followed by New Jersey. So these are the problem states, guys. These are the states that are in recession. And if you look at the list, you look at the map, you can see which ones are not in recession, but they’re treading water.

And treading water is a bad sign because you could have basically three quarters of the country in recession in short order. And what we’re seeing is we’re seeing problems with auto sales. This tri-color company, which was the subprime lender, people are like, ah, that doesn’t affect me. It does affect all of us. The auto parts company that filed for bankruptcy last week, that’s a big deal, guys. I am telling you, so many people, I had a great story sent to me that said most people have bought auto parts from this place and never knew it, and now you can’t.

So think about this. If you ever had your car worked on, like I have a reliable mechanic, and he sits there, oh, damn, they’re going to deliver the parts today. What’s from that company that’s out of business? Well, we’re working on getting a new supplier right now. So it’s funny. I have a car that died, and I’m actually happy that I don’t have to worry about fixing it. So, you know, the Pacific Northwest is a real problem. The East Coast, when you go to Pennsylvania, I get a kick out of what they consider East Coast. But the 13 states that are, you know, the treading water states, this is a problem, guys, right now.

Auto sales are in the floor. You know, they’re tanking right now. You didn’t have a good real estate season. As much as they want to talk about prices still going, you can list your house for $5 million in a $400,000 neighborhood. Do it. You know, no one’s going to buy the house. It’s going to sit on the market forever. And that’s that. The thing about this is you need close transactions for the real estate market to benefit from this. You have so many areas in the country, you know, including Florida, including Texas, including Vegas, that are just, you know, not selling right now.

And people are like, you know, this is, you know, oh, you know, it’s all going to turn around. It’s not going to turn around. This is the shopping season right now. This isn’t home buying season. You’ve got retail dead. We’ve talked about that in the last video. And when you see everybody in recession right now, it’s a big deal. But again, how does it affect you? You know, can you go out to dinner? Can you afford to go out to dinner? I had somebody today send me a suggestion, you know, look, McDonald’s is going to have an $8 combo again.

Is that going to make you go to McDonald’s? Is that going to sit there and go, oh, yeah, I get value from McDonald’s. I don’t think so, guys. I just don’t. I think that you’re going to see more and more problems with these places. We’re having such a problem with EV cars and people are sending me all this different information about the sales of EV cars. Think about this. You had EV Hummers, you know, those big tanks. And I have a brother that has, you know, a Hummer. You’ve got the regular gasoline powered Hummer. And they, you know, it’s had it for, gosh, it’s probably had it for 15 years.

But that car, you know, work on it every now and then, it’s just a tank. And but the EV Hummers, at one point that was $305,000. Could you imagine being stupid enough to buy a $305,000 car? Those cars are selling as low as $60,000 right now. $60,000, $60,000. Now, I looked online today and different places in the country, we could see those cars for $80,000 to $90,000 all over the place. But again, they sold for $300,000 just a few years ago. Crazy. The depreciation is unbelievable. And when you see all these people getting rid of these EV cars, it’s a bigger, bigger problem.

The next thing is the EV charging. You know, they talk about how we’ve got 90%, 98% reliability within just a few miles or wherever you live in the United States. That’s nonsense. What you’re seeing is that one third of the charging stations do not work right now and you cannot charge your car. One third, one third. So, relative wrote me today and so I got to talk to you about this because my friend bought an EV car and they had to upgrade their panel for $5,000. $5,000 so he could charge the car because it was taking three and four days to charge the car, plugging it in.

So, he spent $5,000 more so the car could charge faster. Gosh, that sounds amazing. Sounds amazing. Governor Newsom in this state basically fired every single Uber driver this week. On the 1st he signed, October 1st he signed a new law that Uber and Lyft drivers can become a union. Isn’t that great? So you can unionize. And people are like, oh my gosh, they’re going to get better rides. They’re going to have collective bargaining. You’re going to be able to, no, no, no, no. What you’re going to do is you’re going to make these people unemployed. You’re going to make it so that they’re going to have the robo taxis out faster than ever and you’re going to put these people out of work.

Now, this so happened this weekend. I was in two Ubers this weekend. And I always talk to these guys about how everything is and it is suffering right now. It’s not busy like it normally is. The air show didn’t bring in the traffic that we thought it was going to bring in. We’re not seeing the summer of people going out, you know, I’m going to have a couple drinks. Let’s take an Uber and that way we don’t have to worry about it. Not seeing that. People are like, nah, rather drive, rather that or stay home. So, very, very interesting.

But the car market is in huge trouble. The EV car market is decimated and finished. So, let me know what you think so far. And, you know, do you think your state is in recession? Let me know. Wisconsin? No. Nebraska? Yes. When I went to Iowa and Nebraska for the Warren Buffett shareholders meeting for Berkshire Hathaway, you know, I went and I always look at real estate in different areas. I don’t care if I’m there for an hour. I’m pulling up Zillow and looking at properties and things like that. A lot of stuff for sale.

A lot of, you know, older houses. Well, you can get a house for 200 grand there in Nebraska. A nice house for $200,000. So, you know, it all gets down to crime. It all gets down to could you have a job? Things like that. So, let me know what you think. But I think that you’re going to see a dismal shopping season between now and Christmas. Let me know what you think. Let’s talk about our sponsor, Patriot Gold Group. You know, Patriot Gold Group sells all types of metals. I want to give you an example. Palladium in 2016 was $500 an ounce and then it shot to over $3,000 an ounce in 2021.

They sold it. Silver right now is the play. You know, all the industrial uses, they say that silver could have a play just like that and you could see $250 an ounce silver. You don’t want to miss this, guys. Call number one rated Patriot Gold Group today. They carry all types of precious metals. Number one for their customer service. Over 10,000 customers. Over a billion dollars in transactions. Guys, contact number one rated Patriot Gold Group today. Get a free investor guide. Let them answer all your questions. And this is the time, guys. People say, oh, gold is so expensive, Dan.

Gold is going through the roof, guys. Silver is going to go through the roof. The only thing about this is you don’t want to miss out on it. If you don’t want to call, use the link below or pick up the phone and talk to their friendly staff. 888-330-1431. Let them know that Dan from I allegedly sent you. You know, it’s been two years since they started the $20 an hour minimum wage for fast food workers here in California. And it goes to everything. And don’t think, oh, that’s only for fast food workers in one state.

No. People are demanding this. And what it’s done is it’s destroyed businesses. Pizza Hut, think about this. Pizza Hut used to have 1,200 in-house delivery people, and they would pay them a minimum wage, and you’d get tips. If you deal with somebody like me and they’d bring a pizza to my house, you’d get a tip. Got rid of that. Made it so that these people were getting all this money, and it made hamburgers go to $20 a hamburger. It’s crazy. Absolutely crazy. This completely backfired. And it brought people up to a living wage. No, it made business owners sit down and think, how can I get rid of this? How can I cut back? Well, who can I get rid of right now? And how, you know, how can we have somebody flip burgers for us? I saw a robot sent to me that can tile a floor and can do the grout.

Well, that used to be a specialized, you know, craft. I mean, these guys, this trade to lay tile. Imagine a robot does it. Cuts the tile, does everything, and you just watch it. And again, this is where this is headed. So you want to have somebody flip burgers for $20 an hour? It’s crazy. I hate McDonald’s. I hate these places. You walk in there, and they don’t take your order. You want to go to the kiosk. Now, I’m a guy that always has a special order. And inevitably, they have to come over and work the kiosk with you.

And you’ve got to touch the kiosk that everybody else touched, which is disgusting, and you know what I mean. So needless to say, go through the drive-through. Remember what Joe Pesci said in Lethal Weapon 2? Huh? Anyways, the point is that this has been a huge disaster, and it’s made it so that these companies are really, really, really trying to cut back and see what they can do. These politicians are just patting themselves in the back, and it’s just mind-boggling, because what you have is all these places going out of business.

Nina Mortelitos, banked at TD Bank. She went out, and she had somebody on her computer send her a notice that she was having fraud in her checking account. And what they proceeded to do over the course of several months is they went out and took her money and had her do everything from buying precious metals to transferring it to getting cashier’s checks. And this is a woman that banked at this bank for almost 40 years and never did a transaction over $5,000. And all of a sudden, she’s sending 80 grand. And finally, they said, you know what we’re going to do? We think that her account’s susceptible to fraud.

We’re going to put your niece on. Do you have a family member? So they did that, but all this money got stolen. So Nina is suing TD Bank, which is great. And when you read the story below, it’s like, yeah, you should sue these people. This one’s horrible. And again, what do you do? Where do you draw the line with this stuff? Where do you draw the line with this stuff? You know, Costco is patting themselves in the back because they’re giving people ozempic and wagovi weight loss drugs. Again, guys, these drugs were designed for people with type 2 diabetes to regulate their diabetes.

A side effect of that is that, you know, you get to lose weight. It comes from the Gila monster. My friend Mike, the scientist, explained it to me how dangerous this is. But again, do not take this down. I’m not a doctor. I’m giving you some friendly advice. They don’t know the side effects for this stuff yet. And you’re putting your health at risk. But good news, you don’t need to have a prescription you can go buy this at Costco over the counter. Man, oh, man, oh, man. That is horrible. I just was like, don’t you want a little self-regulation? Because you get people that are lazy fat asses that don’t want to exercise or eat right.

Oh, my gosh, Dan. You know how great this is? I can take this and I don’t have to change my diet. I can eat, you know, bologna sandwiches 15 times a day. Great. Good luck. Hope it works out for you. But I’m telling you, please, get medical advice before you do anything like this. You know? It’s crazy. This was the side effect of a medication. You guys ever hear how a Viagra was invented? My first day in the medical industry, they explained that to me that it was the side effect of a blood pressure medicine.

Wow. Let’s bottle that. And they did. And you take it a lot. Okay. Snap benefits. I love this. There are two more states that are joining the list of regulations that are programmed into their state where these people cannot buy crap. You cannot buy cookies. You cannot buy candy. And these people are freaking out. And I get videos sent to me that I won’t even bore you guys with, but they’re like, it’s not fair that I can’t go have a pop. You know, I deserve this. No, you deserve to get a job like the rest of us, a guy that works seven days a week and was up till 1.15 last night working.

Go get a, you know, I’m going to go get a pop. I don’t drink that crap, but you know what I mean? It’s crazy. Go buy some ice cream too. Oh, can’t do that in those states. But read the list of this. These people are fuming over this because their rights are being violated and they deserve to have stuff like this. You deserve to have a job. And the idea with nutrition is just that. It’s nutrition. And if I got my scientist friend in the phone, you know, and asked him, you know, what should people eat, he’d be the first one to tell you.

People don’t need all this crap, all the processed foods. I’m telling you, I don’t buy this stuff out of sheer guilt of knowing this man and the stuff that I’ve lost weight just by not eating crap. Ah, you know, I just filmed. I’ll go get a Diet Coke and a bag of Funyuns. No, not anymore, guys. Not anymore. Okay. So let me know what you think so far. There’s a lot going on right now with the economy and it’s just we’re getting closer to the holidays and it just doesn’t feel right. When you have these fake Black Fridays that are starting to come up and they’re telling you how great your real estate market is and how, you know, things are manipulated.

We’re being manipulated. We’re being lied to constantly, constantly, constantly. Now, one thing that is, you know, a medical group produced and I’m going to finish the video with these last two things. Don’t forget we have a private channel. I allegedly live. Join our email list because we have one coming out this week with an announcement. It’s very cool. The link is below. In the video description, you can join our email list if you’re not on it. But they did a survey. Where does heart disease come from? And it was from inflammation. And if people would eat things that were anti-inflammatory, not that you have to be on, you know, blood pressure medicine and things like that, but if you took better care of yourself and had supplements and ate foods that lowered your inflammation, it would help you and that would help you with your heart disease.

I’m telling you, these guys, I had an issue with my health and I didn’t want to, you know, take a bunch of pharmaceuticals because I hate them, the companies, that is, and I treated it naturally and it all went away, okay? So, read the last story. It’ll help you with this. But I’m telling you, people get sick and they don’t do any research and you have to do this. And people don’t want to exercise. Go out, meet people, walk. Go into a park like this, this beautiful park with all these walking trails.

I mean, that’s dynamite, guys. Put your music on. Listen to your favorite podcaster. You know, you can find me on Spotify and all that stuff. Check it out, though, guys. But just get yourself out there. Eat better. Take better care of yourself. Okay? Like, subscribe. We’ll see you soon. You want to e-mail me. It’s hello at iallegedly.com. We’re in for a wild, wild ride between now and the end of the year. Just get ready. Just be ready and make sure you’re prepared, okay? I’ll see you soon. Thank you. [tr:trw].

See more of I Allegedly on their Public Channel and the MPN I Allegedly channel.

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