➡ Dollar Tree, a discount store, sold its subsidiary Family Dollar for $1 billion, despite buying it for $9 billion in 2015. This significant loss indicates the current economic struggles, with other major companies like Walmart and FedEx also facing difficulties. The job market is currently stagnant, with many layoffs and the unemployment rate remaining high. The situation suggests that individuals should seek to create their own opportunities during these challenging times.
➡ Over the past two years, people have been borrowing more money due to high interest rates and job loss. Many are struggling to pay their auto loans and student loan debt, which is now affecting their credit scores. It’s important to communicate with lenders and explore options to manage debt. Meanwhile, many Gen Z and millennials are still receiving financial support from their parents, indicating a challenging economic climate.
➡ The speaker is expressing disgust and asking for support by liking and subscribing to their channel. They mention a sponsor they use daily and encourage communication through email. They also express shock at something, suggesting they could talk about it for a long time.

Hey, it’s Dan. Welcome back. You’re watching IAllegedly, and I’ve got a good one for you today because this says it all, guys. This tells you exactly where everything is at right now. Please hit the like button. Please subscribe to the channel. We have a sponsor today, Private Internet Access, and I will talk about them in a bit, but let’s get right into it. Did you guys know that Dollar Tree owns other businesses? One of the businesses that it acquired in 2015 was Family Dollar. Family Dollar is a discount dollar store, similar to Dollar Tree. I don’t like it myself because it’s kind of…

Every time I go to those stores, they’re kind of messy, but today I’m at the Ritz Carlton, and this is our view. It’s just nice to walk to a resort like this and just see this place is stunning. So, think about this. Family Dollar is a discount chain, just like Dollar Tree, but they actually carry more expensive items. Cleaning products and merchandise that is more expensive over the regular Dollar Tree type stuff. They acquired that company, Dollar Tree acquired Family Dollar in 2015 for $9 billion. Great deal. Ran the place for almost 10 years, and then what happened was they sold it for private equity this week.

Now, here’s the thing. I have all these different sources from venture capital, private equity, all these different things from my medical device days, and they were lead sources. They were talking about startups that were raising money, and this small company raised 50 grand here, and this one’s doing an innovative diabetic drug, or a hernia mesh product, something. And it would give me great leads to talk to these people. That would also get me into the venture capital people. But there’s a great lead source called Pitchbook, and Pitchbook was just, I’m on their email list, and I’ve been on it forever, but it’s a great source to see deals like this.

Well, this hasn’t even been really announced in the regular news yet, but think about this, because like I said, this says it all. Family Dollar was sold to venture capital, to brigade capital management, and Marcellum Capital Management have joined forces to buy Family Dollar from Dollar Tree. Oh my God. What did they pay? $20 billion? $30 billion? $5 billion? They paid $1 billion for this. Dollar Tree in 2015 paid $9 billion for this discount retailer, and now they just sold it for a billion dollars, guys. A billion dollars. Again, that says it all. Everything, guys, is broken right now.

It is not doing well. You have Walmart talking about this on our last video. You’ve got Target, you’ve got FedEx talking about this, and now you’ve got Dollar Tree. I mean, seriously, guys, this is like free, okay? Now you can say a billion dollars is a billion dollars. It is. But this is just unbelievable how cheap it is. It’s funny. They’ll clearly work on these rooms over here. Look at this grass there up here at the risk. Isn’t that cool? But there’s all the swanky houses up here. I’ll show you some stuff with the cliffs.

All these $15 to $30 million houses over there. Isn’t that a nice little private little beach for you down there? Now, here’s the thing about California. You can’t say a beach is private, but you sure can put up a gate. You sure can frown upon people coming by. Anyways, you get the gist. So needless to say, guys, it is absolutely ridiculous that they sold this place for a billion dollars because it just shows you how bad it is. And, you know, they’ve been trying to they’ve been talking about this. And hey, Apollo, he had all these other companies over the course of the last year since we’ve started talking about family dollar getting unloaded.

And again, guys, absolutely sign of the times. No one is buying anything. No one can afford the dollar store. I was in a Dollar Tree today and it was horrific. It was dirty. It was one of these stores near my house. They took over a 99 cent store and there’s just merchandise missing throughout the store. And horrible. Can’t even fill the shelves, guys, with everything. Now, one thing that happened is a great article out of CNN talking about the the problem with the job market right now and that the job market is frozen right now. Guys, there are so many layoffs right now when it comes to the job market that, you know, you throw that and then you throw the government layoffs right now.

And they’re saying this is terrible because these people are entering a frozen job market. Well, wait a second. We, you know, again, I don’t want to see anybody lose their job ever, ever, ever, ever. But what’s funny is you have these people that were government employees and they’re not like the rest of us. They shouldn’t be have their jobs cut. They shouldn’t have cutbacks. It shouldn’t be like, you know, the auto parts or the advanced auto parts store that was down the street from it. Again, there’s one around the corner from my house that I never knew about until today that I’m like, oh, wow, that that used to be an advanced auto parts.

I never went there. Neither did anybody else. But these people that got laid off, isn’t it funny here in California, that guy that can’t have the gas powered leaf blower. It’s got to be electric now so he can spend six hours cleaning this place up instead of 20 minutes. But anyway, it’s the backside of south side of the Ritz Carlton. Again, beautiful hotel. They’re remodeling the rooms back here, it looks like. But with that being said, grass areas, places to bring your grandkids, your kids out here to play, just a cool spot. But this, what I’m doing is free, guys.

You can walk around this place, you park and you walk in here and they don’t care, you know, pelicans. Anyways, so the job market is frozen right now. The unemployment numbers were 224,000. They were basically, they’re frozen right now. So I love how they’re not counting all these layoffs and everything to take those into account right now, but they’re talking about how the job market is frozen right now. I’m telling you, if you lose your job, do not sit back and think, okay, something good is going to come out of this. You’ve got to create your own opportunity right now.

You have to move forward because if you’ve watched one of my other videos, you’ve seen that it’s time to get ready and time to prepare yourself because when you see a dollar store, go out of business and get unloaded. Now you can sit there and say, again, it’s a billion dollars. Guys, it’s ridiculous, okay? Oh my God, who loses $9 billion? I mean, I’m sorry, they sold it, originally paid $9 billion. They lost $8 billion on that deal. Okay, where do you fire these people at? Where do you get rid of this? So anyways, look at this.

Is that beautiful? It’s stunning up here. It’s a lot more to cover. Let’s talk about our sponsor, Private Internet Access VPN. A VPN is a virtual private network, and what it does, it makes it so that from whatever device you’re on, when you go to the internet, you’re completely encrypted. You’re anonymous. People cannot see your keystrokes. People cannot see your search history. It is completely hidden from the bad guys and from the government for that reason. This is very cool. This company has been a sponsor for two and a half years. They’re a great company. Use the discount code I allegedly use the link below.

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There’s two stats right now that you cannot ignore. The first thing is that car repossessions have been up an absolute ton. In 2024, you had almost two million vehicles that were repossessed, and this year they say they’re unpaid. They could double that right now. But here’s the thing. The car repossessions have been up 44% over the last two years. Oh, huh. Well, why is that? People are borrowing more money than ever. Interest rates have gone through the roof, and they’re seeing an absolute spike in the fact that people lost their job, cannot pay for their auto loans.

I’m telling you guys, you know, I say things and I get some people that write and thank you later. You can work out anything with anybody. If you owe somebody money, get on the phone with them. Call them up. Do not avoid them because they’ll show up at your house and take your vehicle. Okay. And I mean, I spoke to a bankruptcy attorney and he told me the greatest story is that they would car repossession companies would sit there and hover around bankruptcy lots. And what they do is they have scanners that scan license plates. So when you pull up to your bankruptcy lawyer to sit there and go, yeah, we’re, we’re done.

We got to unload this thing. They would scan the parking lots of really aggressive and really busy bankruptcy lawyers. And people would lose their vehicles just like that. He said it would happen a lot. Okay. Now, here’s some bad news for it looks like 9 million people. And that is during COVID, there was a moratorium on making payments to your student loan debt. Okay, good. I’m glad everybody had a break. Well, the break is over with now. And Joe Biden lied and Joe Biden promised, hey, we’re just going to get rid of all this stuff. And over the course of the last two years, we realized that this is not the case.

So what’s happened now is that these moratoriums have ended and now you’re at the 90th day mark, which basically it’s four years and 90 days. But some of these people have not made a payment in over five years. Let’s put it that way. So now they’re starting to show up on their credit scores and your FICO score is dropping dramatically because they can put student loan debt on your FICO score. Oh, well, that sucks. It does. It’s horrible. It’s absolutely horrible. Now, can’t put medical debt on your credit report. But again, if you avoid everybody, you’re going to not be able to, you know, it’s not going to make a bit of difference if you’re hiding from people.

Again, my girlfriend had student loan debt at one point in her life. And when she got cancer, she called them and they were like, oh, my God, you have cancer? Oh, that’s horrible. And she said in 10 minutes time, like she got off the phone with them. We were together and I’m like, oh, wow. I didn’t go. Oh, my God. They lowered the payment to $10 a month. Just like that. Wow. Because she’s got cancer. Okay. But you know what she did? She called them. Did you call them? No. Again, this says it all. You want to avoid things? They’re going to come get your car.

You want to ever buy another car again? If you’ve got student loan debt? No. Yes, you don’t. Because they’re going to take that. They’re going to continue to come after you guys. The people that are going to excel right now are the people that sell the negative. Okay. Don’t say, oh, Mr. Groom and do damn. I’m not talking about me. I’m a newscaster, guys, if you haven’t figured that out yet. The difference is, is that there are ways to raise money in every market. What assets do you have that you can unload? I have had investments go south.

I had, you know, I bought into trustees at one point in my life. And they were non performing where people didn’t collect on it. And all of a sudden, I’m in a new office building and a new guy moves in. And hey, I just want to introduce myself. I do mortgages. I’m like, oh, go away. I don’t want to listen to the mortgage guy. Yeah. And I invest in second trustees. Oh, that’s funny. I got some second trustees. They’re not paying me on really. That guy had a check in my hand, literally the next day.

He had unloaded that. What do you have that you can sell right now? That’s going to turn your life around. That turned my life around. And that guy got them to perform, refinance the houses and made so much money and bought me lunch twice after that. Because he was like, oh my God, I made so much money in that deal was great. I got out of it. And I made money too. Again, talk to people. Introduce yourself. Have a conversation. Oh, not everybody’s like you. Don’t ever just flaps their gums when they go in public. No, guys, say hello to people.

What do you do? Oh, that’s interesting. You know, I love retired people right now. I was at a restaurant last night called Marie Callender’s where it’s buy one, get one free. And I went in there by myself to edit and to get something to eat. And they’re like, oh, wow. You don’t have anybody with you? And I’m like, no, it’s me by myself. Well, it’s buy one, get one. Free night. And you look like a senior. So it’s even a better. Talk to people, guys. OK, that’s some retired people from the county. I have a friend that’s retired from the county and ask questions.

The worst thing people are going to say to you is no. It’s just this. Introduce yourself. Say hi. Fix your problem. Get healthy. Eat better. Do better. But again, what we’re heading into right now is going to be a dark place in the economy. Now, remember, we’re never going to go into recession. It’s never going to happen. You’ve been talking about this for two years, guys. Everything has been going down for the last two years. It has been gold hit an all time record again yesterday. Hello. OK, crazy, crazy, crazy. Just keep going up, guys.

And why is that? Because of the instability, global instability and everything else. So remember that. Now, again, this says it all. OK, because this is this is a perfect example of how out of control everything is right now. My son called me today and said, hey, I got to get my taxes done and I need your help. And the help is that he needs me to find an accountant near Lowburn, Massachusetts. OK, I can help you do that. So I start calling accountants and different tax preparers. He doesn’t want to go to H and our block or anybody like that.

He wants to go to an accountant and deal with that. So if you do tax preparation in that area, you know, reach out. But again, my son wanted the advice of a professional and dad, I know you can bet these people and you enjoy doing this. And it’s so easy for you. And if you could help me with this, I would appreciate it. And absolutely, OK. And again, guys, I love research and was the best part of it. Being a writer, guys, is the research. Now, here’s the thing. Where this is headed is that think about this.

Half of all Gen Z kids, my son, is in that age group. Half of them average almost fifteen hundred dollars a month in financial support from their parents. That is disgusting, guys. Millennials. Basically, guys, I think I’m a millennial. I think I’m in that age group. I’d like my mom and dad to give me nine hundred dollars a month. Eight hundred and sixty eight nine dollars a month. Come on, guys. Isn’t that crazy? But listen to these these statistics. And again, you know, fifteen hundred dollars a month. People that are pushing forty are still getting help from mom and dad.

About fifty percent of the parents financially support children over the age of eighteen. Isn’t that wild, guys? Hello. When do you make it on your own? When do you get a break? I have people that are retired, that live on social security, that watch this channel, that are like, man, Dan, I have an extra, I have people write me an extra two hundred and twenty six dollars a month. And I don’t want anything to go wrong with that. So, wow. OK. They put off paying for utilities. They put off going to the grocery store. Ninety two percent of adult Gen Zers are working full time, but they need financial help because they’re not making enough money.

Parents contribute a monthly average of two hundred twenty dollars towards adult children’s groceries. Wow, guys. I mean, that is shocking. OK, absolutely shocking. You know, 73 percent pay the cell phone bill. Now, here’s the thing. Family plans and shenanigans like that. I mean, I get that. But, man, oh, man, about eighty seven percent of those supporting gendry children give them money for groceries. Yeah, I talked about that one. And sixty six percent pay their rent. Again, guys, like to pay me rent. I’m working at the Ritz-Coel today. I’d like you to pay my rent. Anyways.

Hope you enjoyed this. Again, this says it all, guys. This is, you guys got a business that sold for nine billion dollars minus the eight. Carry the one. OK, it’s one billion dollar sale. Ten years later, that is disgusting, guys. It says everything. Please hit the like button. Please subscribe to the channel. Take a look at our sponsor. They’re absolutely fantastic. I use it every day. And onward and upward, guys, I will see you guys very soon. You want to email me. It’s hello at I allegedly dot com. But again, what do you think? What what are you seeing that really shocks you? Because there’s I could I could do an hour and a half on this one.

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