Hey, it’s Dan. Welcome back. This is I Allegedly. I’ve got a good one for you today. I am at the Irvine Spectrum right now, and it is packed. Shopping craziness, everybody out amongst them. Traffic’s insane. That’s just nuts right now. But hey, inflation’s up. Everything’s great. So, first things first, guys, don’t forget to the like button, subscribe to the channel, and today we have a sponsor, Private Internet Access, and I’ll talk about them in a bit. But think about this, guys. Personal consumption expenditure, PCE, was up three-tenths of one percent, and they just announced it the day before Thanksgiving.

You’re not supposed to sit there and think that that’s a big deal. You’re not supposed to worry about this. But hey, inflation is still here, guys. It is not going down at any, you know, pace that is not close to two percent. Regular inflation, one at three-tenths of a percent as well. And again, guys, you’ve paid the bills. Everything has shot up over the course of the last four years, and now it’s slowing down. It’s still going up, guys. It’s still going up. There’s a few stats for you about Thanksgiving that are crazy, and a lot of people are doing all these challenges on different sites on how you can do the Thanksgiving meal for under $50 to feed a family of six, which I think is crazy.

I mean, more power to you. I’d love to see that. But here’s the thing. Over 25 percent of the people that were surveyed said that they’re still carrying weight from last year, that they’re carrying over 10 pounds that they gained last Thanksgiving. You guys not walk during that time? You not take a break? Walk around the mall. You know, it’s funny. My buddy Doug lives in Las Vegas and goes to a mall and listens to his favorite sports shows and things like that, and walks around the mall. But again, look at this.

There’s all these people out here. I’m going to show you how packed this place is. So, the average person this year, think about this, will gain about six pounds over Thanksgiving weekend. What the hell are you eating? They’re going to gain six pounds over Thanksgiving weekend. Isn’t that wild? So, that floored me. How about this one? A side dish that we consume greatly here in the States is banned in other countries, and that is stovetop stuffing. Stovetop stuffing was invented by a chef in 1972, and then the General Mills Company started selling it.

But listen to this, okay? There are two chemicals in the stovetop stuffing that are banned in other countries. You guys have heard me talk about certain products that they say are healthy, but they’re not in that. Listen to these two, okay? BHA and BHT. BHA is butylated hydroxine, hydroxen sole, okay, which I’ve never heard of, and BHT, butylated hydroxy toluene, toluene. Anyways, they sound healthy, but that’s in stovetop stuffing. Here is the wild thing. How much stovetop stuffing gets sold every year? 60 million boxes this week, not counting the sales that happen throughout the year.

So, isn’t that crazy? 60 million of those boxes. Now, trying to think, I think I have a couple in my house right now, but I’m the single man that I love buying that stuff, guys. I mean, it’s the perfect quick side dish for all of us. So, we’re seeing so many people that are having problems around the world, and there is a, and I thought it was 90, it was a 900-year-old market, Smithfield Market. It was a meat market in London that they’re making clothes down, 900 years old. Isn’t that crazy? And they have dates that go back to the 1100s, where you could buy horses and different things there, and they’re showing this as being something that they’ve got rid of and shut down.

They tried to move it, but I am telling you, business is not the same. I had a meeting today with good old Bob Kudle today, and we had lunch. It was fantastic. And we talked about, you know, 2025 and what we’re going to do working together, and we’re going to have another one of those seminars. But Bob’s going to do a couple cool things. He’s going to go to have all that in one session. So, we’ll do that, and we’ll do that in December before Christmas, and I’ll announce it in the next week or so.

But talking about the economy, and Bob’s prediction is the same thing I was talking about with the Ronald Reagan theory, and that is that Ronald Reagan, when he came into office, everything collapsed and went down for the count for a while, and we had a really rough year. Bob’s convinced that the first six months of 2025 are going to be very, very difficult, and we’re going to see it take a turn before it gets better. Now, a couple things I wanted to show you guys. This is the big ferris wheel they have.

One thing that gets a big crowd out here is the ice skating, because it’s 70 degrees out here, and then they do the ice skating every year. But it’s going to be interesting, because CNBC did a great study about business financing with everybody. I’m going to walk through this area for a second. Isn’t that cool? Not that you ice skate, and they get a big session, and they’re going to have the Zimbabwe out there, Zamboni, Zimbabwe. They have Zimbabwe out here, the Zamboni to clean it up. But long and short of it, guys, think about this.

56% of the people that were surveying said their parents never discussed money with that. That blew me away. I was like, wow, that’s kind of wild. When you think about that, and I worked for my family’s business, so they were grinding on me all the time about that, and saving money and everything. It still didn’t stop me from pissing it away when I was in my 20s. But lesson learned. Now, 82% of the people surveyed from CNBC said that they are not wealthy. And these are people that some make well over a million dollars a year.

So what’s going to make people feel comfortable? Now, of the people that called themselves wealthy, only 5% said they inherited the money. And the rest said they were self made. So again, I don’t have a family that would give me anything. So other than advice, so there’s that. But let me know how you feel about this stuff so far. Let’s talk about our sponsor, Private Internet Access. Private Internet Access is a VP, and it’s a virtual private network. And what it does is it gives you a level of encryption from any device that you’re on to any website that you go to, whether it be a banking app, whether it be pension, any TV app that you watch, streaming app, anything that you do, new sites, anything, it protects you.

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But check out Private Internet Access. One thing that you’re seeing a tremendous amount of is malls that are upside down. Not every place is like this, guys. Not every place is this busy to where, you know, there just aren’t vacancies here. When they have a vacancy, it’s got a sign in the window and somebody’s taking it over right away. But you look at a mall like Santa Monica Place. Think about this. Ten years ago, they did a $265 million redo of the mall. The value of the mall has dropped 59%. They defaulted on a $300 million loan, which is shocking, guys.

It’s like, how do you not make money in this industry? You know, Southern California has got areas that are completely upside down. And the one that’s horrible is that Santa Monica. I covered that, you know, three months ago, and it was awful. It’s just crime-ridden vacancies on 3rd Street Promenade. But this mall has almost a 70% vacancy rate. So, again, people aren’t spending money. People aren’t going out, but these are going to be given back to the bank. Between that and the, you’re seeing that and you’re seeing apartment buildings. Bob and I talked about this today about how you’re seeing apartments that are just upside down.

So what’s the solution? Turn it over. Here are the keys. Bye. And then somebody else collects the rent. So imagine people working 40 hours a week. You come home, you’re exhausted, you pay your rent on time, and you find out your landlord’s completely upside down and getting foreclosed on and losing the property. Isn’t that wild to think about? That’s happening. But not everything is busy. I wanted to come out to some place where it’s just chaos. You know, traffic is nuts right now. Everybody’s shopping. You know, the Sephora store is packed. You know, not everything is like this.

It’s just not. So let me know what you think about this. I personally think that you haven’t seen anything yet. I’m of that belief that things are going to get much worse before they get better. Here is something that is completely wild to think about. There was a couple that went missing in 1980. George and Kathy Romer. They were in Georgia at a Holiday Inn and wealthy couple gone on vacation. Well, what happened to them? Well, were they abducted? Did they get, you know, taken out? What happened? Never found, okay? No car, no nothing.

This week in a Georgia pond, they found the car and these people were inside of it since 1980. They found the Rolex, they found all their jewelry, nothing. Just drove off the road and perished. Isn’t that awful to think about? But I mean, wild, you know, you know, now it’s really weird. Now, if something like this happened, you check the pond, okay? Maybe they drove off the pond. Maybe they lost it. No, didn’t do that. Didn’t do that. Didn’t check it at all. Now, here in California, we had a wild story that was similar to that where Gary DeVore was a screenwriter.

He wrote Time Cop. He wrote Rod Deal, all this stuff. Anyways, this guy was a screenwriter missing in 1987 and an amateur sleuth was looking around for the guy. Where is he? We’ll find him and nobody could find the guy just missing out of the blue. Where did they find the guy in the California aqueduct? Isn’t that crazy? Drove in there and the car was submerged and the water was just going over it and just one amateur sleuth said, hey, look here, he might be in there. Isn’t that wild to think about? So all these unsolved crimes, I see again, everybody thinks, oh, they were taken out.

They were, all this stuff was happening, but read these stories below because it’s wild that since 1980, this poor couple was in that pond the entire time and nothing had happened other than an accident. It’s not wild to think about. So I remember this on the news and you know, back then, you know, you had two, four, seven, eleven, you’d only had so many news channels. You didn’t have CNN or anything like that. So these people were just sitting there and it was like, you know, what happened to them and then the speculation and all the craziness and the 2020 episodes and everything like that.

But it’s kind of wild to think about that. They were there the entire time. Isn’t that, isn’t that wild to think about? So let me know what you think. Wow. Here is something you’re going to hear a tremendous amount about and that is condo owners that are hit with special assessments. There’s two Miami condos next to each other that are the brick hell units and people have been hit with assessments as high as $40,000, $21 million of assessments for improvements. Hey, or else guys, or else we’re going to, you know, throw you out.

We’re going to foreclose. I mean, who has an extra 40 grand laying around? Seriously, nobody. So you’re going to see these units go back to the bank. People move. I’ve had many people write me and say, I should just sell my place and get what I can get and get out of here and go pay for a house in cash while you can do it while you can. I don’t know who would buy one of these units right now when you’re being faced with these different assessments. But here’s the thing. Where’s the accounting for all these homeowners associations? You’re going to start to see lawsuit after lawsuit for this stuff because people are furious at this money was just squandered during this time.

And with that, now you get hit with the $40,000 bill. What, what did the money go to that we’ve been paying for every month, month after month? And, you know, I lived in an association where they took six months to repair all the balconies in the complex and it cost us nothing to do that because they had saved the money and said, we’re going to do this on this day. That’s the way it’s supposed to be, guys. It’s not supposed to be a, you know, their fleecing party. I have seen so many stories sent to me where you have associations where every, every board member gets a free golf cart.

Every board member gets a membership of the club. Those aren’t free, guys. People pay for those and your dues are paying for those. So just a matter of time until the stuff gets caught out, but read the story below, because it’ll, it’ll totally upset you because where do you come up with this extra money? Let me know. I’m going to finish this video with these last few stories and in and out, Hamburger is a very successful fast food chain, sells $5 items and they do $2 billion a year in business. They’re a private company, not franchise.

They own everything. And when you hear stuff like that, it’s wild because when you go and look at, you know, other companies like, like Subway, John Chaitze, the CEO, he’s stepping down. The company is riddled with problems right now. So again, when was the last time you, Oh, I got to race over to Subway. You don’t have the feverish attitude that you have with places like In and Out Hamburger. And I don’t know. I just think, you know, Bob and I were talking about this. What is value when it comes to food right now? There is no food value right now.

When you’re out going out to eat, everything’s so expensive. Bob was complaining about a bunch of restaurants I won’t get into, but it’s just crazy what people are paying for. Lauren Connecticut sent me something very cool and you’re going to start to see a bunch of cool properties get listed over the course of the next few months. She had one in Connecticut that was, it started out as 50 acres and it was $2.9 million and they had an airstrip on it. And, you know, I don’t know the plane. So I’m like, it’s a really cool property, but for the right person, the right family, it’s like, wow, this would be the coolest thing ever.

Now, here’s the wild part about this. They pulled the house off the market. They added seven acres to it. So now it’s over 57 acres of property. It has its own airstrip. So you can sit there and you can go and you can land your own plane in your backyard, a la John Travolta. And now they dropped the price of 850 grand. So it’s only $2.1 million. That’s nuts, guys. Where’s it go from here? I’ll tell you, it goes to the bottom. It goes to where you’re going to start to see stuff go back to the bank.

Now, I don’t know these people’s financial situation. I don’t know if they own the property. I know nothing about the property. Read the story below. It’s a very, it’s a very cool piece of property right now, but an $800,000 discount, somebody wants to get out of there. That’s the type of property. So let me know, okay? Please hit the like button, subscribe to the channel, a bunch of cool stuff coming out. Is this place just chaos or what? So share your thoughts and all this. Email me, hello at iallegendy.com. Happy Thanksgiving to each and every one of you, okay? God bless America and be well, guys.

See you soon. [tr:trw].

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