And the Consumer Financial Protection Bureau is a watchdog group that was formed after the financial crisis of 2008. And this was designed to hold banks accountable and make sure that they were appropriately doing what they were supposed to do. Now, have they done some good? Yes. There’s a lot of people, including the people that are running Doge, that think that it’s a joke. So, recently, Dohit Chopra is the person that runs this, and he says, listen, we are excited about this because we’re going to limit overdraft fees to $5. $5 for every overdraft fee, which is reasonable.

Now, the banks are furious about this, absolutely furious about this. And I want you to think about this. We’ve all been broke, and we’ve all had times where maybe a user debit card without a payment was going to come through, or a check wasn’t going to clear, and it cleared faster than you thought. And with that, the account had less money than you thought as you’re buying things. Now, Wells Fargo Bank invented something. And what they invented was to pay the largest check first instead of the smallest check. So, if you go out on a weekend and you have a, let’s just say you have $500 in your account, but you do $900 in charges, okay? And the biggest charge would get paid first.

The smallest charges wouldn’t get paid. And people have argued, well, that makes a lot of sense, Dan. No, it doesn’t. Because what they did was charge $35 a lack on each of those payments. For buying a $10 drink at Starbucks, you’re getting charged $35 to use your card, where it just should have gone through, and the largest $500 payment should not have gone through. Oh, yeah, they invented that. They celebrated this. And they taught that to other banks who then took that service over. Now, here is what is crazy about this, is that the banks are now suing the Consumer Financial Protection Bureau.

But listen to this. This is where they’re criminals, and that is this. They have names for these organizations that you would not believe. Now, think about this. Now, the organizations that are suing, here’s their names. The Consumer Bankers Association. Well, why are they are? There are Bankers Association? Well, they should be on our side. No, they’re the Bankers Association, okay? American Bankers Association, America’s credit unions, and Mississippi Bankers Association, other banks have sued over this. Now, currently, there is no limit to what they can charge in an overdraft fee. That’s wild, isn’t it? I mean, I was blown away when I heard that.

But the idea with this is that people are fed up with it, and they just want to limit it as much as possible. The banks have complained that they can’t charge certain fees, they can’t charge bad check fees, all the stuff that they have, that they’ve been charged with debit fees, all these different things, excessive deposits in your account, all these things that they’ve been dinged with lately. So, again, all they do is complain that they don’t make enough money, and the final bastion is overdraft fees with the lowest and poorest individuals in the world. That’s who has overdraft fees.

So, again, the bankers are freaking out about this, and it’s kind of funny, okay? So, they’re going to have to live on less money. But here’s the thing, with the new era of accountability and we don’t want you to pay more, this is going to happen in all of our lives, in every sector of our lives. People are not going to get ripped off anymore. People are going to sit there and say, this isn’t fair, it’s not enough. I’m being overcharged, and people are going to not stand for it. That’s what’s going to happen with this.

Yesterday, we were told that our inflation for producer price index, that is, what wholesalers pay for goods and services prior to selling it to us, so things that they buy to make things, one at four-tenths of one percent. It came in what they said, hot, almost half a percent, higher. Oh, remember, inflation’s going down, all that nonsense, all the BS that we’re told constantly is a lie. And the thing about this is that you know you’re paying more this holiday season. You know that you can’t walk into a restaurant and get value. And I am telling you, I hate eating at restaurants lately.

It’s like you don’t get a good portion, you barely get good service, and the idea with this is that when you do, you’re spending a fortune for chicken, okay? So, you know, it’s crazy. And I had a friend of mine who, when we would go to events, he would call it hotel, this is hotel chicken, it’s hotel chicken. Well, you know, the thing about this, when I would have events, it was like having a wedding, and you’d pay so much ahead for the chicken or the beef, you know, and it was crazy, okay? And you’d have to have the vegan meals for people, and you’d have to have them tell you in advance so that you could pay for those.

But man, it just got so outrageous to have an event and to have that food, and I would just complain because I would sit there, and one thing that I would do, that I was taught from another company, go eat the food before you have the event there. They would freak out, I want to buy one meal, I want to buy one chicken dinner, one beef dinner, we’ll come eat it and tell you what we like and don’t like. Because the food sucks at these places, but we got value, and nobody ever went to a Dan event and said, God, Dan’s food was horrible, it was great, and they got their money’s worth, and they got big portions, and it was great.

That’s dead now, guys. That’s dead. But your inflation, that’s going down, and Joe Biden yesterday is doing a victory lap, which, God, I don’t get it. I don’t get it, I don’t understand it. I mean, huh? Okay, ridiculous. So, we’re all going through this together, and I am telling you right now, I get a kick out of the executives that are stepping forward. Marky Mark Zuckerberg wrote a million dollar check for an inauguration fund. Jeff Bezos offered a million dollars to inauguration fund. Isn’t that interesting? Come on, guys. It’s getting kind of funny at this point, don’t you think? Okay, so let me know what you think so far.

Let’s talk about our sponsor, Patriot Gold Group. Think about this, guys. We have got so much happening in the economy right now. Billionaires right now are buying more gold than they’ve ever purchased in our lifetimes. Why? Why are they doing that? Well, they’re hedging their bet against a down economy. We just were told that inflation is going through the roof right now. You need to protect yourself. The best place to call is Patriot Gold Group. 888-330-1431, number one rated for very good reason. Consumer affairs have given them a number one rating for eight years in a row.

That is stellar, guys. Who else has that? So think about this. As you plan your retirement and you get ready for 2025, you need to have precious metals in your retirement. Think about this, guys. The number one asset class by far has been precious metals. You don’t want to miss out on this as we enter the new year. Call number one rated Patriot Gold Group today. I’m not just a spokesman. I am their customer as well. 888-330-1431, contact them today before it’s too late. Now, speaking of gold, think about this. The state of Florida is thinking about making gold and silver currency that you can trade in.

You can buy things. You can shop. You can go to the store with an ounce of silver, an ounce of gold, and they would give you change. It would not be taxed on purchases. I mean, it is wild to think that they’re trying to do this. Now, here’s the thing. There are four other states that already do this right now, and Florida is thinking of joining this. Jimmy Patronis, the chief financial officer for the state of Florida, is trying to do the same thing that Louisiana, Texas, South Carolina, and West Virginia have already done. I’m telling you guys, this is going to be huge because what’s going to happen is you’re going to have a gold, silver, and Bitcoin revolution that’s going to take off, and people are going to start going out and getting this money and using it as money.

So, think about this. It’s crazy not to. Gold has been money since the dawn of man, so it’ll be interesting to see if that gets approved. The other thing is I sent it over to Jack over at Patriot Gold today, and I was like, you’ve got to come back on the show, so we’ll get Jack back real soon just because people are asking questions on what they think about all this stuff. So, we’ll get Jack back really soon. The next thing is you guys know how much I hate buy now, pay later. Think about this one.

A firm, the Buy Now, Pay Later firm, has gotten $4 billion in lending from South Street. And what this is going to do, it’s going to allow them to give more three to six month loans to people. I am telling you guys, do everything you can not to do those loans, those payday loans. We talked about this in the last video. Inevitably, life gets in the way. Things go wrong in your lifetime. It’s one thing to have a credit card, it’s one thing to make a minimal payment, but the interest rate on these things is through the flipping roof.

It is absolutely outrageous, and people don’t want to admit that. People don’t want to admit that it’s too much, but people have done it for things like makeup. You can go to the cosmetics case at certain stores and use Buy Now, Pay Later for lipstick. That’s insane, guys. No, nothing is that important that you needed that bad. I’m telling you, I’m just so worried that people don’t get it. They need to get themselves out of debt right now. That’s what the goal is, not to get themselves into more debt. Let me know what you think. It’s nice to come out to the park during the day.

Wow, two things that kind of shocked me right now, and that is YouTube TV. It’s going up. I remember a lot of people I know that have YouTube TV, I thought it was like 25 bucks a month, guys. It’s going up to $83 a month to have TV through YouTube. That’s a lot of money, guys. That’s a lot of money, and I’m shocked that it’s that high. Does anybody have YouTube TV that they’re watching? You get your news, and you get your movie channels, and your sports channels, and all that stuff from YouTube TV. Let us know about that.

There is a trucking company in West Virginia that just filed bankruptcy, and they’re done. I’ll tell you why they’re done, and that is something that I have a lot of experience on. Not myself, but with friends and colleagues and people that have made this mistake. This company filed bankruptcy, and the majority of their debt is in back taxes that they owe. Now you can sit and say, oh, Dan, you can work a tax deal. It’s payroll taxes, guys. I’m telling you, guys, it is criminal. If you have an employee, and you work for Dan, and you get your paycheck on Friday, and I take those taxes out, and you see the deductions, and you piss and moan like we all do.

Now, that much? FICA? What’s FICA? You know, state disability, we all do that. Now, imagine not sending that to the feds, or your state. People that do that are in huge trouble. I know a guy who worked for a company, and was listed as one of the officers, and they showed up at his house for this. This is criminal, and they will come after you for this. I have met people who have told me that they have monthly payments for the rest of their lives because of payroll taxes. This trucking company will never get around this.

If you get wind of things like this with your company, go look for a new job immediately. Because unless they get a firm money, and they get some financing that’s going to fix it, think about this. They couldn’t handle making a profit, but then they took money from you, the employees, and didn’t pay the taxes. It is truly the easiest thing to get a payroll service. And what people do is, it’s a way of just skirting the responsibility, and putting it off, and putting it off, and it is the kiss of death. I’m telling you guys, it’s the worst thing that you can do with your company.

And if you know of anybody that’s done that, I’m telling you, get some advice. Give them the advice to work a deal out now, because I’m telling you, this is going to be a new era, and there’s going to be a new era of collection, a new era of coming after people, and accountability is going to be out there. So companies like this, a trucking company, during the height of the shipping season, is dead. And they could sit there and say, oh, we just have Chapter 11, and we’re going to negotiate this and work it out.

No, you’re not. No, you’re not. No, you’re not. So let me know what you think about this. And do you guys have, you know, do you pay, what do you pay for cable and things like that? I’m a movie guy. I love movies. So, you know, I have direct TV, and I pay a fortune for that. But I get every single movie channel under the sun, you know? So I love that. And that’s my little vice, okay? Now, I’m going to finish this video with these last couple of things. And the first one is our Christmas card and holiday card list.

So many of you have signed up for this already. Do not miss out on this, guys. Everybody gets a holiday card from me, and we’re giving away thousands of dollars worth of free stuff. Everything from cash to gift cards to gold and silver, just like we did last year, guys. But you’ve got to sign up to be part of it. And we have a private channel called, I allegedly live. And if you’re part of that, you guys have a separate prize pool, too, which is really cool. So go to dancepromo.com, dancepromo.com, D-A-N-S-P-R-O-M-O dot com, and sign up.

It is absolutely free and no obligation. And you only have a few days left because we’re going to have a cutoff, and I’m going to announce that in a couple of days. Now, final, final thing is Dave Gooding. I love Christmas, by the way. I love the holiday season. I love good cheer. I love gifts. I love parties. I love everything about the holidays. And Dave Goodings went out and said, you know, I’m going to step up my game. He’s in the UK, and he’s going to get himself a nice little four-foot blow up Santa for the front of his house.

Well, he spends 24, almost 25 pounds, about $30 on this thing. And it wasn’t four feet tall. It was well over 20 feet tall, like 25 feet tall. Look at the picture of this. Isn’t that cool? Imagine that for $25, $30. I mean, that’s so awesome. So he was thrilled, and he was getting a lot of attention. The second he pulled it out of the box, he said, it’s a lot bigger than I thought. And he was getting a lot more attention to it than he ever anticipated. So, good for him. And have you ever had anything like that? Again, send me your, if you guys decorate or you see anything good, send me your photo or two, and we’ll include them in the upcoming episodes.

You guys have asked for more Christmas cheer, and I’m going to go to some cool places in the coming week. So please don’t forget to hit the like button. Please don’t forget to subscribe to the channel. Join the Christmas card list, guys, because it’s going to end quickly this year. And it’s closed. So, I’ll see you guys very soon. The email address, if you want to send me anything, is hello at iallegedly.com. Thank you for being here, and I’ll see you very soon. [tr:trw].

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