➡ Dan discusses various issues including Chase Bank’s increased service charges, safety concerns about the Toyota Mirai, a homeowner fined for an unauthorized event, and the benefits of checking for unclaimed funds. He also mentions problems in the commercial real estate sector and recent airline flight cancellations.

➡ The speaker had to cancel a flight due to many recent cancellations and delays, choosing to drive instead. They use this travel time to connect with others. They also warn of financial troubles ahead, advising to prepare by saving money, stocking up on food, paying off debt, and maintaining a healthy lifestyle. They end by providing their contact information.

Hey, it’s Dan. Welcome back to I alleged Lee and I’ve got a good one for you today because we have a very very serious Banking problem right now that they’re really not talking about in fact when you add all this stuff up it Leads to real problems. So please hit the like button. Please subscribe to this channel We have a sponsor today Patriot gold, which I will talk about in a bit, but let’s get right into it You know When you go to the bank and you make a deposit we think that our cash is sitting there and it’s really not They use fractional banking which I’ve discussed many times in the past and that is the fact that they can take your hundred dollars that you deposit in the bank and lend it out basically over and over and over again and Basically, you know back in the day They used to keep your money in the bank and then they would they lowered it to 90% 80% 50 30 10 now, it’s basically a smidgen of what we deposit in the bank You know what we put in is not sitting there and the cash that banks are holding right now is dwindling and When you sit there and you say wait a second Dan, I put my paycheck in there around my business through this place We all talk about this stuff and we all you know think that our bank should be safe Well think about this number because this is wild when you think about this US bank reserves fell to a four-year low right now of 2.8 trillion dollars now you can go Dan.

It’s a trillion dollars. That’s so much money Four years ago, it was 3.3 trillion and it was the trajectory was up now There’s less money in the banking system now You can sit there and say well, how does it affect me? My bank’s fine. No, no, no, no This is where you got to add all this stuff up During the last crash People went out and thought well, how can we borrow money and not do it through a traditional lender? there is something called shadow banking and Whether you or I take part in this big companies do and they borrow it from different hedge funds And different companies that you and I hate, you know Like BlackRock and places like that that we hear all these horrible things about but they lend each other money And these companies do this now what you’re seeing right now for the first time since the crash of 2008 and the You know great recession is that you’re seeing these private lenders that lend each other money fail Now think about this.

I’m gonna make it really really simple Let’s say you got a you got some money and you go, you know I’m gonna lend some money to my idiot nephew and I’m gonna give him $10,000 to start, you know That cookie store. He wanted to give him 10 grand. Your neighbor says well, John Lend me 10 grand you lend 10 10 grand you lend your cousin Blah blah blah blah blah everybody $10,000 each then all of a sudden your idiot nephew Never gets the business started and defaults on his commitment to you to pay you back And so does your neighbor so does your cousin so does everybody to the point that this is affecting John? Financially, gosh, I can’t make my own mortgage payment cuz I lent a hundred thousand dollars up people That’s what’s happening with these big companies right now.

There was a Multi-billion dollar Case that just went down first brands Notice they didn’t say the biggest hit now JP Morgan took a several hundred million dollar hit that was big some of these other places took a several Hundred million dollar hit but it would make the majority of the of the money that was lent out For this first branch that was the auto company that went bankrupt the auto parts company Was through shadow banking through different friends companies and then they stiff these guys. Oh Wow now Take it one step further to the auto companies.

Remember we talked about the auto lenders, you know, like tricolor and Prime America Prime a lens. Excuse me prime a land that went out and defaulted. Well, these were Hard money lenders. Where did they get the majority of that money? Yes They got it from JP Morgan and Solomon Brothers and Goldman and different places like that But the majority of it came from shadow banking and there is trillions of dollars out there with this shadow banking that they are getting stiffed on right now and they’re calling these loans in and They’re calling these companies in because you’re not paying your bills on time.

You’re not These the the lending that these people did was so insane when you hear about The fact that they were lending to people that didn’t have a permanent address. Let’s start with that Weren’t from this country Didn’t have a regular job with a regular paycheck. Well, don’t worry You can send us cash you can go buy a money order and you can send us they made auto loans like that And well, gosh, Dan people like that. I think a lot of them don’t pay their bills. No kidding guys and When the economy was good people pay their bills when it goes bad.

Who are you gonna not pay your lender? So that’s what we’re experiencing right now. So this Could be a global depression Problem and it could stem from this shadow banking. I have great articles below on all of this But it’s getting to a point that people don’t realize the number of people we always hear about conventional lenders And the auto industry is going to be the thing that’s going to start the huge Crash that’s coming up right now. That’s where it’s going to start But but damn, well what banks are going to go down? It’s not going to be a bank It’s going to be major corporations that are going to take the hit now There are people out there that are laughing right now.

Oh, that’s so great Oh my god, wouldn’t be great blackrock went out of business largest, you know assets in the world. They’re not going anywhere guys they’re going to have hiccups and their smaller companies and smaller entities and the the LLCs that these companies own you’re going to see companies go out of business But what’s going to happen is the layoff festival that just Was discussed in the last video is going to get worse and worse and worse Seriously, let me ask you a question because this is what I ask people.

What do you do if you lose your job? What do you do if this company that you’re just starting doesn’t work out? What are you going to do? And so many people I tell them don’t quit your job until this thing works out Well, I want to go 100 into it. You can’t you know, put one foot in the water and call yourself a swimmer I’ve heard everything in the world, but If it doesn’t work out, could you go get a corporate job again? Oh, randy’s the smartest guy in the world He can get a job anywhere.

He’s so great. Okay Okay, good luck with that brother Oh You’re gonna see craziness right now and shadow banking is a problem There’s much more to discuss about this, but you haven’t seen anything yet because when? You don’t pay You know your idiot nephew doesn’t pay you back and your neighbor skiffs you and it all adds up to our oh my gosh Marg I blint out a hundred thousand dollars and we’re getting none of it back That’s gonna affect you personally So that’s what’s happening to these companies right now And you’re seeing an economic downturn from shipping from purchasing to where pizza places are going out of business It is crazy then add in things like Travel and all the problems with this.

I mean I Am absolutely blown away at the number of people that are going out of business right now It’s just it it’s mind-boggling. Let me know what you think so far. There’s a lot more to cover Let’s talk about our sponsor patriot gold group Patriot gold group has been number one rated for over nine years in a row. I have been talking about them for three years I have been talking about gold and silver with you guys since gold was at 1800 an ounce It’s well over doubled right now And you need to only deal with number one rated patriot gold group call them today guys protect yourself Many people are saying that we’re living in a stock market bubble right now And you want to protect yourself and you want to protect your family The best way to do that is contact patriot gold group 888-330-1431 is their phone number Number one rated for so many reasons.

They’ve got thousands of five-star reviews But again guys deal with a company that people are happy with Sales are good. They have well over 10,000 clients they have Uh over a billion dollars in sales because they’re doing something right contact them today Let them know that dan from I allegedly sent you If you don’t want to call use the link below and get a free investor guide Let them answer all your questions today, but do it now do it now before it’s too late guys Look at the little turtle floating on the branch of the palm tree Now there’s a little bit more to the banking nightmare right now and that is chase bank Has service charges on certain accounts that are 30 a month.

That’s a lot of money guys It really is just to park yourself and for getting your bank statement thirty dollars Well, i’ve got bad news. They’re raising it to forty dollars right now. That is insane guys. And again the world’s largest bank Forty dollars apiece if they did this on every account, they would make billions of dollars a month It would be insane and yes, there are free checking accounts, but the free checking accounts they’ve talked about having You know a twelve dollar fee which would be they say twelve to fifteen dollar fee So, you know, it’s going to be fifteen, but that would it generate them at least You know with eighty seven million accounts, how many people how much money is that a month do the math on that? That’s crazy.

Now. The next thing Is there’s a bunch of car issues right now that are fabulous right now. The toyota mirai was that is that That car that it runs on hydrogen and they have got lawsuit after lawsuit after lawsuit, but there’s a story below talking about how They hid the fact of how dangerous these cars were and how hydrogen Hindenburg guys, okay Hydrogen anyways, they hid the fact how dangerous this was and they called it running a crime family Because they hid how bad these cars how unsafe these cars were how expensive these cars were I did a video earlier this year where where you could basically get one of these cars for basically You know a couple thousand dollars down, but it’s the hydrogen.

It’s it’s filling it up that costs a bloody fortune on these cars and you haven’t you haven’t seen anything yet guys because This Is getting worse uh for dealership guy brought his car in for service and had a guy take a joyride in the car and I went out and I was like imagine how furious I was going to use another word. Imagine how angry you would be If you sat there and had your gps in your car And you’re watching it be driven around the block and to the local fast food places And everything and they’re supposed to be doing service on it.

Well, we’re just test driving it right now No, the guy it was complete nonsense so You know use gps to track his for dealership employee driving his scv had unauthorized trips. I love that There was great story where there was a thing called car week in monterrey And I have never been there for that i’ve missed it A couple times where it’s like either I was there before the event or after the event But now it gets it just gets thousands of people and thousands of car people out there and lately There was a mcclaren event That was ran and again every single city has problems with airbnb’s They have restrictions on events monterrey is one of those beautiful coastal towns where they don’t want you to have An event like this mcclaren hit it from a property owner.

Hey, listen Um, hey, the city seemed pretty mad when they were out. Yeah, don’t worry about it. We got it resolved They had a week-long event there. Think about this the homeowner read the article got fined 767 thousand dollars for the event That was what the total was and the mcclaren just kept saying no I don’t know what you’re talking about. It’s not a big deal We’re gonna get this resolved I don’t know why everybody’s so angry about this. Okay. Well, they were angry about this because of the fact that um You know, they lied to the woman and she just kept blowing her off and then at the end it damaged property They infuriated the city Keep going guys.

Keep going now There is a great website here in the city in the orange county area Where you can get your unclaimed funds orange county, uh oc unclaimed funds oc unclaimed.gov What they did was we’ve talked a lot about this Do not pay for grants do not pay for unclaimed funds Okay, you can go to your state unclaimed org go to your state and you can Put your name in put your wife’s name in city Put some information and you can get you know, find out if they have any money now I’ve done this.

I got my check in three weeks. They wanted me to send a copy of a driver’s license And uh, that was it guys. It was very very simple. I’ve had people furious about this Why would they want to know that it’s me? What are you kidding your how much is it? Well 680 dollars That’s not worth giving up your id for Okay, paranoid paranoid paranoid but oc Unclaimed.gov is a website in this county where they they’ve gotten thousands of Uh different items, you know, whether it was refund checks deposit checks Uh, you filled out an application or something.

You got a building permit and it didn’t go through Well, they send that there but but orange county had so many of these claims. They did it on their own I am telling you go out and search your name go out and search your family member’s name It’s great I had a guy do this. He got $8,000 back and thank me, uh profusely. I did this the first time four years ago on this uh on this Uh site on this channel, excuse me. I try not to avoid getting walking into something Um, but again people have gotten a lot of money from it.

Do yourself a favor and go search Unclaimed.org don’t pay for this stuff. I just had a man write me out of new york Suffering new york and said listen, I can’t find anything for grants in my county start with your city And search your own city start with the county you’re in start with the state that you’re in State of new york wants to encourage encourage business use now that they’re adding a communist to run new york city Um, they want to spur business. So trust me, they don’t want you to leave and they want to give you money So do yourself a favor and just start searching county by county by county that you live in and see what they have but again Um be specific you want to start a business you will have an existing business Know what you do have all your pertinent information out and be ready to give it to them answer questions And you can get grant money.

I’ve done this and helped, you know hundreds and hundreds of people get grants. I really have And uh, you should too, but check out the unclaimed sites Unclaimed.org. Okay, check it out today Now i’m gonna finish this video with these last couple things But I want to also remind you That we have our new site new videos.com And you want to sign up get your name post your videos advertise your business For absolutely free check it out today And if you’d like to go to our private channel Which is uncensored talking about everything that we can’t talk about other places Um check it out today That is I allegedly live now I love You know my audience, you know and i’ve don and laura and dr marvin and Erin, you know broker erin all these great people that send me stuff That is unbelievable.

But one thing that hit me recently is I got a wolf street article sent to me about The commercial real estate problem and how bad it’s getting this goes to the banking problem. This goes to the private sector problem because these Uh shadow banking Stats also go to private lending private. Hey, listen, yeah We’ll let you stay in our building You’re going to have a lease like this and you won’t check credit. You won’t do a traditional lease The problem with it is commercial commercial mortgage backed securities right now CMBS Are having a default rate right now of 12 percent.

It is insane It is absolutely out of you know control and this is because businesses cannot afford to maintain themselves and operate okay, so Every sector of commercial real estate whether it’s office buildings whether it’s large warehouses commercial space Is taking a hit right now now there’s certain areas that are doing well like warehousing for Data centers and things like that are on and up kick but overall when you have places that are above 10 percent Default rates and and vacancies and all this stuff. It is killing this industry It’s because business is so bad and the final thing You know think about this in the month of October there were 493 airline flights that were canceled And it was everybody was spirit airlines.

It was delta. It was big and small american I mean everything and You had 493 flights cancelled you had 5,849 flights delayed during this time guys. That is that’s a huge amount during this time now I myself have a business trip this week and it’s going to fly and i’m like, you know, i’m not going to risk it Not i’m not going to risk i’m just going to go and i’ll drive Now the beauty of this is that when I do these trips like this people know i’ve got four hours in the car Ooh, wow.

Hey. Hey, I really want to talk to you about this so Use time like that to connect with people Answer questions things like that because that’s what I do Okay Remember there is a problem with the world when it comes to finances right now You can ignore it. You can call me mr. Doom and gloom, but when you add up sectors like commercial real estate shadow banking that’s stiffing people and uh, the fact that the banks have less money right now there is Impending doom that’s coming our way.

So get ready protect yourself stock up on food Make sure that you have a a savings account set aside so that you can get by pay off debt Live a nice clean happy life Get some exercise and don’t do anything bad to your body. Okay Make good choices and i’ll see you soon Okay, I want to get a hold of me. It’s hello at islesley.com. I hope you guys enjoy this
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