The Chaos Economy Starts Today! | I Allegedly

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Summary

➡ Dan from I Allegedly discusses the current state of affairs, highlighting the impact of the upcoming election on businesses, the strike by the New York Times’ tech union, and the financial struggles of various entities, including the Boston Bruins hockey team and Redwood City, California. He also warns about a massive hacking issue affecting banks and advises against paying bills via QR codes due to security risks. Lastly, he predicts that the situation will worsen, regardless of the election outcome, with increased property taxes, business closures, and potential banking industry problems.
➡ Many businesses and families are struggling financially, with some unable to afford basic necessities and many maxing out their credit cards. The cost of living is increasing and it’s predicted to get worse. Despite this, there are opportunities to earn extra income through side hustles. However, caution is advised when dealing with online transactions due to the rise in data theft.
➡ If you use email services like AOL, Gmail, or Yahoo, you should change your password immediately. Hackers are inserting harmful software that can take over your phone, steal your passwords, and access your personal data, including bank accounts. This software can bypass two-step verification, so it’s crucial to protect yourself.

 

Transcript

Hey, it’s Dan. Welcome back. You’re watching Eye Allegedly. And I’ve got a good one for you today because this is the beginning of the chaos. This is when it starts. And I thought I would come up to the park and just walk around because it’s quiet and nice. And man, oh man, there’s so much to cover today. But quick video, short video, and please don’t forget to like the video, subscribe to the channel, share it. Today we have a sponsor, Patriot Gold, but let’s get right into it. As the election hits us, you’re going to see that today is the day that’s going to be the turning for so many different businesses.

And it’s going to start today. The impact of people keeping it together is going to break at this point. It’s just that simple. And you haven’t seen anything yet. The tech union for the New York Times went on strike yesterday. And they did it as an impact statement. And there are seven, think about this, there’s 700 people in the tech union for the New York Times that work there. Now here’s the thing about IT people. And I have a lot of respect for IT people because, number one, the good ones that know what they’re doing, work at their own pace, do their own thing, but get their jobs done and don’t like to be told that they have to work a certain way.

They don’t want to conform. They don’t want to show up at your office. They don’t want to punch a clock. They don’t want to wear a suit. They don’t want to know anything about that. They just want to get their stuff done. But think about it. For the New York Times, you’ve got 700 people right now that just went on strike yesterday, the day before an election. Ooh, want to see somebody, you know? Want to see chaos? There’s that. Look at this. Turtle sitting on a turtle right now. Isn’t that cool? Nope, turtle sitting on a turtle.

Those are live turtles. So anyways, the IT people, you know, they’ve been trying to negotiate their deal for over a year. And well, when would you have a good spot? You know, when would you have an impact to get your final settlement done day after an election? No, we need you guys. We need every all hands on deck right now. I bet you do. I bet you do. So people are fed up. People are broke. The Boston Bruins are a hockey team, and they blame the fact that they don’t have good players on the high taxes in the, you know, the state of Massachusetts and the Boston area and the local taxes.

They cannot get good players. Seven out of the last ten Stanley Cup winners, there’s an article below about this, talking about how they live in tax-free states. Now, I live in the highest tax state. I live in California, which is chaos. And the one thing that you’re going to see happen is you’re going to see property taxes go through the flippin’ roof as of this week. Things are gonna break, okay? So needless to say, needless to say. Think about this. The Boston Bruins are complaining that their problem with getting good hockey players is their high taxes.

Okay. Now, Redwood City, California. Redwood City, California is one of the richest cities in the country. The average person that lives there has a net worth of $3.4 million. I didn’t know that. I thought it was gonna be like Newport Beach, Long Island, the HAMP, and some shenanigans like that. Nope, Redwood City. Now, the thing about Redwood City is that the city has a whopping 12 employees, can’t make payroll, can’t make money. So what are they gonna do? Guess. Guess, guys. Come on, say it. Raise taxes. You know, we got to do this just to get by.

Well, again, businesses are suffering, less sales taxes being brought in, restaurants are closing, businesses are closing, businesses are not moving there. They’re not buying business licenses. Everything about the city is upside down. It costs more to run the city. It does cost more to run every business right now. I had dinner with a restaurateur last night who basically broke it down and talked about just how awful it is in the industry. It’s got packed places. It’s not that she’s not doing well. It’s that it is absolute, you know, foot on the throat time.

And what it is is that you’ve got everything going up, insurance, food costs, labor costs, and then you get the people that don’t want to work. Wow. You know, I don’t know if I want to do this anymore. I don’t know if I want to be a waitress. Then don’t do it, guys. You have to go and show up. And, you know, I saw Patrick Bet David, who I love, love the guy, but he did a thing with his kids where they went to a real high end restaurant with his kids, and he’s got a bunch of kids, and they walked in and treated him like crap at first and and were turning their back to him and didn’t care, didn’t know who he was and said, you know, kids, I don’t not paying for this type of service at a high end restaurant.

So he went to a super expensive restaurant. I forgot the name of it. I want I want to say Flemings, but I think it was higher than that. Anyways, walked in there and got stellar service, and then sat down with his kids and the kids vote. How much would should we tip this guy? And the consensus was, let’s give 30% tip. Because I think it’s more. I think we should give this guy 100%. But I want you to present to him. So one of his young kids, one of his boys took the check up there and said, Hey, we just want to let you know this is the best service we’ve ever had.

And we gave you 100% tip. And the guy was gracious and almost in tears. But that’s what you’re paying for for high end food right now. Now, not everybody can be Patrick that David be worth hundreds of millions of dollars. But what you’re seeing is the average family right now is saying that eating out fast food place is a luxury purchase right now. Is that insane, guys? Is that insane? Now, you know, as I’m out in the field this morning, I’m going to have to get a bite between now and my next appointment, which I’m going to have to stop someplace.

And it’s sad that families look at this as a luxury purchase to go get a burger or something someplace quick or a sandwich or something. That’s awful. Wendy’s was talking about how they’re going to close 140 stores when in a year. No, this year in the next six weeks are going to close 140 locations. It’s wild, guys. It’s absolutely wild. But again, the dam is going to break, you’re going to see people go out, and you’re going to see the foreclosures get stepped up, you’re going to see problems with the banking industry that are going to come to light.

Now, the banking industry, HSBC, Santander Bank, other banks, European banks are talking about a huge, huge massive hacking that’s happening. And what it is with the QR codes, do not pay bills via QR codes right now. Just don’t. It’s one thing to sign up for some of these email address. We just want this information. But I’m telling you guys, be very leery of things. Make sure it’s going to go to a website that you recognize before you pay for it, because these people right now are stealing people’s bank account information and planting malware on people’s phones.

And it is awful. And I’m so tired of, you know, if you make a credit card purchase, and somebody steals your credit card, and it gets hacked, and my buddy Dave just called me two days ago and said, Hey, listen, I have a credit card I haven’t used. And I got a recurring bill for a yearly service on it, kind of like what you had. And, you know, I’ve got a huge credit line in this account. And we never purchased this. And it’s been, you know, they credited his account, but now they have to issue a new card and do all that stuff, which you have to have happen to make sure that somebody’s not going to get it because what the big scam is, usually is, Oh, wow, this card looks active.

What they do is they make a simple $11 charge $19 charge, something like that to get their foot in the door. And then they get their foot on your neck. So I’m telling you guys, you haven’t seen anything yet. And it’s going to be absolutely insane with what’s coming this week, because let’s get real guys, it’s going to get real. One way or another, no matter who’s declared the victor, you’re going to see the spoils with both of them. And the fact is that some people believe business is going to get better.

Some people is going to believe that business is going to get worse. But what’s going to happen is it’s going to get very, very real right now. And what I mean by that is, you can’t deny all these businesses that are suffering, you can’t deny the fact that the average family right now cannot afford to eat and go out. There’s a terrible video of this woman talking about how, you know, her family is basically middle class and they’re not middle class anymore, they’re dead broke. And having to ration things like bacon, having to decide if they’re going to buy their kid socks or them socks, because they can’t afford it at Walmart is absolutely tragic.

And again, nobody has any disposable income. This woman went four years ago from having zero credit card debt to being maxed out with all their credit cards. And that right there is a tragedy. You don’t want that. But what you’re seeing is you’re seeing 72% of the people right now that have maxed out credit card debt. How does that work? How do I want you guys to go out and make yourself another $5,000 this month? Oh, do a side hustle, do a side gig, sell something. I’m telling you right now that it’s the one thing that’s going to come to light is that so many people that you think are successful are not successful.

And with the insurance costs only going up, it is absolutely outrageous what what it costs just to survive right now. And that’s not going to get better. It’s going to get much worse right now. And it’s going to be brought to light in, you know, coming week, two weeks, three weeks, you’re going to start to see things happen. I didn’t know they were in trouble. Remember, Wendy’s, Wendy’s was in trouble. I haven’t heard that one on the list. Okay, well, 140 stores is done. Okay, there’s a lot more to cover on this.

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Think about this statistic. This is like a lockdown economy. During COVID we saw 49 percent of all businesses, every single one of them say, hmm, I don’t know if I’m going to make it right now. And that’s where we’re at today. It’s just like a lockdown. OK. Things are great. Things are fantastic. Only you can go out and you can run your business freely. You can have people come to your shop. You can go sell whatever you want. Sell your service. Promote anything that you’re doing. You’re consulting anything.

OK. Do it. But wait a second. People don’t have any money right now. OK. So this is just like the lockdown economy. It’s crazy. Absolutely crazy how people are upside down right now. And you know I love all the stories about all the restaurants that are you know hurting right now. But Chipotle, I’m telling you this story because it reminds me of something that happened. And this is like three four years ago. I was in a Chipotle and this woman was very well dressed on the phone and she was just berating somebody on the phone.

Clearly a successful person in management someplace whether she was a lawyer or whatever. I don’t know where she worked. But the point was she gets up to the front of the line and I want a bowl. I want chicken. Oh God. Put more chicken in the bowl. Guy puts more chicken in the bowl. You want vegetables? Yes. Oh are we going to do this on every step. Put more vegetables on that and continue to break this kid all the way down. Everything rice vegetables cheese everything to where the bowl looked like a football when she was done.

So to this day I’ve never felt bad about going to Chipotle and saying oh come on guys a little more vegetables because I wasn’t like that nut that Karen nut. OK. But anyways what’s funny about this is Chipotle has now issued a press statement saying listen we’re putting more food on our bowls right now. You’re going to get bigger portions which everybody’s like really. I’ll believe that when I see it. But again the you know the lockdown economy that we’re all living through. That’s crazy.

A man who built an apartment building in the 80s. OK. Von Menta Von Merta excuse me Von Merta went out and been renting the place out forever. He’s retired. He’s in the 60s and had a tenant that left the place and then said after they left sued him and said the place was uninhabitable. And he’s like what are you talking about. Place is in great shape. So he sued him and the insurance company says we should just settle with this guy because this guy really wants to go to court.

So the insurance company wrote the guy a check without him agreeing to it for one hundred and fifty thousand dollars. And I’m like well that’s a good gig. If you can get it just say that you know you’re unhappy and let the insurance come. You know it’s going to be cheaper for us to write this guy a hundred and fifty thousand dollar check than to settle it. Every other tenant the building’s fine. This guy was shaken down by that. And again the chaos economy.

It’s just you haven’t seen you haven’t seen it yet. So I’m going to see more of this guy’s going to see more of this. You know crime industry that we’re seeing a ton of is this data theft that people are doing. And what you’re seeing is people that are downloading information to your phone. And again be careful the QR codes. Be careful of what you sign up for if you don’t know what it is. And you know you have to remember this very few of your YouTubers OK.

Or anybody that you go to says hey click here and buy this now. You know and if they do that they have a legitimate Web site to it. But people in the comments be careful be leery of all those people because ninety nine point nine nine nine nine nine percent of them are scoundrels that are trying to rip you off. So be leery of that stuff guys be leery. I want to remind everybody that we have a private channel I allegedly live talking about everything that’s uncensored and fun and great.

Join us over there. Sign up at I allegedly dot TV or use the link below to sign up for that. It’s absolutely amazing. Plus we are now on Spotify. We are on I heart radio and a bunch of other cool announcements about to be made very soon that I’m very proud of. And as things get busier and bigger you’re going to be part of all this and we’re going to have a big giveaway coming up very soon that I will have an announcement for shortly.

Now final things think about this good old Warren Buffett basically getting out of the stock market right now. And what Warren Buffett’s doing is basically selling another hundred million shares of Apple. Hello unloading you know his huge stake in Bank of America. I’m kind of blown away because there’s a cop car in the park and ripping through. OK. So there’s that you’ve got the manufacturing sector that you know again this is when the chaos begins this is when you can’t ignore what’s going on in your life.

I am telling you this right now you can survive anything you can survive any economy and you can make money if you batten down the hatches if you understand that you just work and live as tight as possible right now. Please understand this. There is value in not going out and buying a two hundred twenty thousand dollar Audi on your dad’s construction company. You know what I mean. Come on. OK. I know somebody that did that. Anyways my point is we just lost seventy eight thousand jobs in October for the manufacturing industry.

Wait we just were told you know that we only lost forty six and that we gained twenty two thousand jobs. If we didn’t gain the forty thousand forty thousand jobs we would be upside down. So anyways it’s going to be negative. You’re going to see negative job growth for October. Who knew. We knew you knew you watch shows like this. OK. So final final final final story. OK. Is this if you have AOL email if you have any Gmail if you have Yahoo mail anything like that.

You need to go out and you need to change your password now immediately. The hackers are going in there and what they’re doing is they’re implanting malware inside the overtakes your phone and gets all your passwords. But what it also does is gets access to your phone and to your data and to your things like your bank account and things like that. And they will transfer money. It beats you know the the two types of authentication the second authentication that we have and just protect yourself guys.

Anyways OK. Chaos starts today. Be leery. Be nice to everybody. Good luck to whoever you are. Good luck to if your side one or not. Let me know. OK. Good luck to all of us. OK. God bless America. And. Let me know what you think. Let me know what you want to see. Hello what I allegedly dot com and I will see you guys very soon. [tr:trw].

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

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