Summary
➡ Supermarkets utilize discount programs to track customers spending habits, which can then be sold as lucrative data; recent, severe data hacks should serve as a warning to individuals to protect themselves via VPNs. Meanwhile, economic hints suggest people are not as willingly to spend this Christmas as they were the last, with noted store closures. Prominent figures, such as Ed Emerson of Goldman Sachs, are choosing to retire due to distaste for management styles. In Florida, an unclaimed lottery of $44 million will benefit the state’s schools and future jackpots. Australia has proposed a fee for cash transactions, causing backlash among the local business owners. Lastly, in the UK, police officers’ personal information has been leaked on an extensive scale while Toyota’s finance department also suffered a data breach, stressing the importance of VPNs. Upcoming sweeping reforms at global bank, Citibank, likely to result in thousands of job losses, are making many question whether they should accept buyouts or risk waiting for severance packages.
➡ The office building at 170 Water street in New York was converted into a residential location, but the rents are significantly higher due to conversion costs. In addition, NYC real estate is attracting tenants by building restaurants with high-end chefs in vacant buildings and some LA properties are setting up expensive dog lounges to facilitate socializing. Meanwhile, an iconic dress from “The Wizard of Oz” was almost auctioned for $3 million but a legal dispute delayed the sale.
Transcript
Subscribe to the channel. We have a sponsor in this video which is private Internet access. And I will talk about them a little later. But let’s get into it first things first. Jerome Powell steps forward and the Fed speaks and everybody listens. And remember the thing about Jerome Powell that I get a kick out of. Nobody voted for this guy. He was appointed. And great news. They’re going to not raise interest rates.
And the other thing is that probably going to cut interest rates three more times in the next year. Bravo. Isn’t that great news? Everybody should just be jumping up and down. So here’s the problem with this, is that the damage has been done. The building’s been caught on fire and people want to try to clean up the mess after it’s done or the hurricane or tornado has hit and business has been decimated during this time, guys.
It really has. And it’s kind of wild when you see these old churches and stuff down here. But what do you guys think? You think this is going to be great? It’s just going to make the economy boom. People don’t have jobs right now. People are out of money. My foreclosure friend is expanding like you’ve never seen before. And with that being said, why is that? They’re just going to lower interest rates.
Everything’s going to be great. You won’t have to worry about paying your bill forever. And there’s not a care in the world. Or is there a care in the world? I think it’s ridiculous, guys. They’re talking about certain areas of California that have real problems with the price of houses right now. And here’s the thing. Even if they lower interest rates, let’s say that from the last video, we talked about going down to 6% a year from now.
What if it goes to 4%, 5%? If you have a house that is millions of dollars, who can afford that? Seriously, the idea with this that just everybody’s going to be able to move into these houses is insane. Texas has got real problems. Florida’s got real problems. Vegas, Vegas is just done right now. And I have so many people are like, hey, you should move to Las Vegas.
The taxes are better and everything’s great, and you can get a house and get it basically a third off right now. So what’s the right answer with this, guys? What is the right answer with all this? Do you think that this is going to change the economy? Is it going to make your company better right now with interest rates dropping? And again, when are they going to drop? The mere fact that this guy opens up his mouth yesterday and says, we’re going to lower interest rates, we just don’t know when we’re going to work on the schedule.
That right there had everybody giddy. Okay, so it’s not going to do anything. You’ve got to take a look at everything that’s going on right now. Get yourself poised to be debt free, get yourself to have food in the house, water in the house, security in your house, everything under one roof. Right now, guys, it is crucial. It is more important than ever right now to have this, because everything points to problems right now.
Everything. When you see companies that are going out of business, it’s happening all over. The layoffs are going to happen. What’s going to happen in January when you start to see these massive layoffs? If Bob Kudler is right about the stock date of January twelveth, when all the options come due, what’s going to happen after that? Oh, it’ll be fine. We’ll figure this out. It’ll all get worked out.
Okay. I’m across the street from the Mission inn over here. This is beautiful at night. It’s all lit up. It’s just beautiful. I had a meeting down here this morning. I wanted to film down here, but share your thoughts on this stuff. Guys, let me know what you think about this, because I think that we haven’t seen anything yet personally, but I just think that the smart companies, the smart people are getting themselves prepared.
If these are the good times right now, think of it that way. If the economy is good right now, what are you going to do to cut back? What are you going to do to save money? Get yourself out of debt. All the Christmas stuff inside the stores, I love walking through stores. These are all the different small shops built into one kind of a neat place to walk through.
They shut this area down. They close the streets down here where you can walk at night. Just kind of cool. They’ve got the different areas at night, but share your thoughts on this stuff so far. Guys, let’s talk about our sponsor, private Internet access VPN a VPN is a virtual private network. It basically gives you a tunnel of encryption from your device to whatever website you’re going to.
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But what it does is it makes it so that hackers cannot get access to anything. You’re viewing your search history, your keystrokes, nothing. When you log into your pension, when you log into your bank account, your brokerage account, anything, they cannot see this. And you need this protection. Use the link below and save 83% off the regular price. It is literally pennies a day to get this. But the best thing about this, guys, is that the deal I worked out was that this covers every device on your account.
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It’s that simple. But you need to get this today. Save 83% off the regular price. Private Internet access. Check it out today. Use the link below. Do it. Protect yourself. Protect your family. It’s an absolutely great thing to purchase. Buy it as a gift, too. It’s a great gift to give people. Check it out today. All these talks about security and layoffs and everything. Found a great article talking about Mick layoffs, meaning there’s going to be so many layoffs with McDonald’s because of AI.
McDonald’s just signed a partnership with Google to make it easier to make food with AI. So you’re going to see more and more technology be created to make it so that you don’t need to have employees there. You know how many people had their first job at McDonald’s? I mean, so many people. You know, probably. I didn’t know you worked at McDonald’s. So many people had jobs working there just because it was a great place to start.
That’s going to change. McDonald’s just opened up cosmics, a brand new location, and one location outside of Illinois. And basically, it’s a bunch of sugary drinks and one type of sandwich item. There’s no Big Mac, there’s no fries, there’s nothing. And they’re talking about rolling this out. But again, who wants to buy a bunch of fruity drinks? I mean, is that even a like, it’s unbelievable to think about that.
They’re going to do this. Okay. Downtown Riverside, the mission is on the other side of this building. They’ve got these portals set up all decorated for the holidays. It’s very nice, but what’s going to happen with this? So you’re going to see tons of layoffs. And one thing that was sent to me last two weeks that has been a real problem, talking about your data and having your data stolen.
Grocery stores are making more money selling your personal information. What I mean by that is when you register your account, hey, get your discount program, and you punch in your phone number at the supermarket, they keep track of your spending habits. And trust me, they know that you’re a 52 year old woman that likes to buy beef jerky and red vines. You know what I mean? They keep track of that and can sell that data.
And that data is worth an absolute fortune. The shine company just had a hack, which, again, talking about the VPN, the data, the medical data that was hacked from people is staggering. The number of people, the tens of thousands of people that had their data stolen should freak everybody out. We have all these laws of this country, HIPAA laws, that they can’t ask us certain questions in regards to our medical information, but these hackers get it and they know it all.
So you’ve got to do what you can do to protect yourself. That’s why the VPN is important, guys. But it’s always nice to see things decorated for the holidays like this. I like these old school places like this, too. So share your thoughts on this. But one thing that you’re seeing, you’re seeing more and more of these stores closed right now. And remember, they can tell you how anything is everything is great.
Nothing is bad right now. It is bad right now. People are not spending the money this Christmas that they spent last Christmas. Please correct me if I’m wrong. Thank you. It’s nice to walk through these downtown areas, everybody walking around, see the old historic buildings and stuff. It’s kind of cool. This is great if you can get a gig like this. Ed Emerson works at Goldman Sachs, and since 2020, the 47 year old made $100 million, and he’s clashed with David Solomon, the CEO, and he’s done.
I don’t want to work anymore. I’m going to retire and leave the company because I don’t like their management style. Now, Mr. Solomon’s only made $77 million in four years, and this guy’s, like, saying, I don’t need to put up with this. Wouldn’t that be great to quit your job? Because you don’t need the shenanigans and put up with your boss like that. So, that being said, not all of us made $100 million.
Okay? And if you made $100 million, share your thoughts with us and tell us what that was like. Okay. Florida had a lottery winner on June 23. Somebody won $44 million. $44 million on a lotto ticket. Isn’t that cool? Nobody claimed it. From a Kissimmee Seneco gas station. Nobody claimed the $44 million, which is tragic. Okay, fun. You got the merry go round carousel out here, but nobody claimed it.
So here’s the thing. California, this gets sucked into the general fund, which the shenanigans, when they pitched the lottery to us, was, hey, our schools win, too. Well, in Florida, 80% of that money goes to the school fund. So it does go to the schools in Florida, and 20% goes to more jackpots. Okay, well, that’s kind of fun if you can get a gig like that. Australia has lost its mind for the second time in recent years.
This time it’s because of they want to have a fee imposed to use cash. Could you imagine? If you pay cash at a business, they want to charge you half a percent. Hello? Half a percent. Okay, that’s insane. Business owners are complaining right now that it’s bad enough that we have to pay our credit card fees. I’m telling you guys, that’s the cost of doing business. When you have credit card transactions and you pay your 2.
75, 3. 25, it’s only going up. And if you can get it below that, at one point, I had mine at under 2%, and it was fantasy land to have that. But that’s not commonplace. It’s very rare when you have that. And it’s just sheer volume at that point. And no chargebacks and no shenanigans with the banks. But could you imagine paying cash? Hey, it’s $100. No, it’s $100.
50 because you gave us green cash. Is that insane? I’m in the Mission Inn right now, too. They’ve got all these different places to walk. It’s very nice. Decorator, this lit up at night is beautiful. But share your thoughts on this stuff. Guys, what do you think about this? I think it’s crazy. But the lottery winnings and gosh, man, just think some guys got that stuck in his jacket pocket, forgot he bought the ticket.
You would think that somebody would kind of ring a bell that they rang that they wanted at a Sunico gas station. But here’s the thing about California, is that when there’s a ticket that gets lost, they search for the person. They go to the liquor store or grocery store, gas station, whatever market, and they pull security tape. They try to find the person. This person bought a lottery ticket.
Do you know this guy? And it turned out to be John Smith. Okay, share your thoughts. I’m trying not to walk into anybody as I do this. Here’s a couple more for you. There is a police station in the UK that had 9500 police officers data stolen and their home addresses, personal information given out. You think the bad guys would like that? Yeah, I do, too. Again, no VPN guys.
Plus, here’s one. Have you heard of the company called Toyota? Yeah, that Toyota. Toyota Financial Services. Think about this one. Their finance department, which is where you make your payment to. Oh, you mean like my checking account, my credit card numbers, my bank information? Yeah, they just got hacked. Two days. You know, time out. Guys. Look at the VPN company. Look at protecting yourself. But have you noticed this is happening on a daily basis around the globe? Guys, it’s time to protect yourself.
Look at private Internet access. You’ll save 83%. Use that link below. Here’s something funny. Whether you like sports or not, that’s irrelevant. When I read news or I research news, I want to know that what I’m getting is real. So it’s funny. Sports Illustrated got caught having a company, the arena group, that actually posted stories last month that were fake. Now, like any other group, sports people, they know their stuff.
My son is one of those savants that can remember people batting average positions. Hey, what team was that guy on? He was on this team. Remembers it all. And there are people that do this, that, enjoy that. And they just have that worthless trivia swimming around their head. Like, I have financial numbers. But what’s funny is that the Sports Illustrated had writers writing stories that were totally fake and totally made up, made through AI.
And the company got caught. And these savants that watch sports did that. They caught these guys and a guy got fired for this. Okay? And the funny thing about this, the best part about this is that with Shohei Otani, the best part about that story was they said, hey, Shohei Otani is going to sign with the Toronto Blue Jays. You know who issued that story? Sports Illustrated. So Sports Illustrated made a complete fool of themselves doing this.
I’m walking through this area with all these different cool, nice things out here. But they were totally wrong. Okay? So they fired all these people. But it’s funny. Think about this. You know Robert Hershevek from Shark Tank? He was on a private plane going to Toronto, and they said, shohei Otani is on this plane. Mr. Hershey gets off the plane, they’re like, where’s Shohei? Shohei, Shohei Otani, the pitcher, he’s not on this flight with me.
So they were totally bamboozled, but people were waiting for the plane to come in. Just made complete fools of themselves in Toronto and at Sports Illustrated, and those people got fired. Isn’t that funny? Now here’s something else to think about. When do you take the buyout offer for your contract or wait to get fired? What’s the better deal? Citibank is offering executives, old guys like me, take your money and run, guys, because what they’re doing is giving these people a deal to get out now, get out early or get terminated and run the risk of seeing what the severance package is going to be like.
If they’re going to speak to you and break things down to you have a better chance of negotiating it knowing that you’re leaving or they’re going to pull the rug out from underneath you. So anybody that you know, you can argue this all you want, I can be wrong on certain circumstances. But I’m telling you, if they’re going to offer you money to get out and they don’t want you, it’s like a divorce.
Hey, we’re going to write you a check and you’re going to leave. Okay, well, you want me to go now? Okay, so think about this, guys. Would you take the money? Citibank sweeping reform, major reform they’re doing, and they’re getting rid of thousands of employees right now. If they offered you the buyout, would you take it? I would gleefully take it. So let me know what you think about that.
Here’s a couple New York real estate stories that people have talked about around the country, and they did it. First things first was they took an office building in New York, 170 Water street, and they took it and turned it into a residential location. Kind of cool. And the only thing with that is that because of the expense to take an existing office building, the rents are about 30% to 40% higher than they would normally be.
So is this the end all? To be all? It was incredibly expensive and time consuming to take an office building and turn it into residential houses. Now, think about this. You have to have know, office buildings. You can have a window and not have any way to get out at your house. You got to have air and access and things like that. So completely different. And also, New York real estate.
One thing that they’re doing right now that’s kind of crazy is they’re banking on high end chefs to bring tenants back to buildings. If they have a vacant building, they’re going to build a restaurant and then get a chef that’s well known, that we’ve heard of and we’ve seen on the food network and things like that, and have a restaurant, Gordon Ramsay type stuff. Is that going to make you rent inside this building? I don’t think so.
I don’t think it’s going to do it. So many people have written me about how they had deals like, we signed up for a building and lunch was included. It was only $1,100 a month. And now some of these restaurants, it’s five grand a month to get lunch. So it’s a big far cry from where it started at and where it’s at in real time. So the other thing is here in LA.
Now, think about it. This is a place to pick up chicks. This is not. Don’t be confused about this. The people that set this up want to meet people. They set up a dog lounge. Not a dog park, a dog lounge. And it costs $1,400 a month. And your dog can get pampered and hang out with other pets like yours. Okay? And the owners can have a place to have an espresso, a drink, and a lounge to hang out.
Okay, well, that’s, again, guys, for $1,400, you get to go to the dog park. Dog parks are free here in Southern California. They just close at dusk and things like that. But what do you correct me if I’m wrong? It’s for the elite? No, it’s to meet people. That’s what that is. So correct me if I’m wrong, this is the outside of the mission Inn. But this, at night, it’s all lit up.
It’s really nice, but it’s nice to see these old buildings, times like this. But share your thoughts on this stuff, guys. I think that. Look at your own pocketbook. Look at how much money you have at the end of the week. Look at what a meal costs you. I have lunch today scheduled with somebody, and it’s just getting pricier and pricier and pricier to have meetings like this.
And when do you stop doing this? When do you sit there and go, now I’m going to pass, okay. Because it gets to a point that, like dating. Let’s go spend $1,400 to have the dogs meet each other. Come on, guys. So get kind of crazy. Let me know. Our final story is about the wizard of Oz. Remember Dorothy had that blue dress on? The blue gingham Dress.
Okay, here’s the thing. Certain movie props and certain iconic pieces of history were donated to different people throughout time. And then people pull this out of a closet 50 years later and say, wait a second, this could be worth a fortune. Well, the Hartkey family said that this dress was theirs because it was donated to her father, Barbara Hartkey. Now, here’s the fascinating thing about this. What do you think the dress for the wizard of Oz would be worth in 2022? There was an auction house that was going to auction it off for $3 million.
Hello. Okay, the dress. Anyways, Judy Garland’s not singing. You know what I mean? It’s just the dress. Okay. That being said, guys, the harky sued and it went all the way through the court. And the judge, judge Garapathy. Anyways, he ruled no, it belongs to the owners who were going to auction it off. So it delayed it another almost two years to make the decision. But, guys, the economy is horrible right now.
What do you think they’re going to get for this? You think they’re going to get the $3 million for this? I don’t think so. It’s funny, all the street vendors are coming out getting the balloons and everything set up to sell. So kind of iconic, but you know, the dress. You know what I’m talking about. Anyways, please don’t forget to hit the like button. Please don’t forget to subscribe to the channel.
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