So they have to pay a much higher interest rate, but the delinquencies in these loans are doubling and tripling. And the problem with this is people, oh, you know what? I’ll make the payment. I’ll pay the car off. I’ll refinance it. My credit gets better. And they don’t. And in a normal year, you would see 3% or 4% of these loans go bad. Then it would escalate as high as 5%, 6%. Now you’re seeing a 7% delinquency rate on these loans, which is horrific. Horrific, guys. And the problem with this is it’s only going to get worse right now.

So with that, where are you going to go? What are you going to do? You’re going to not get a job? You’re going to not work? No, you have to. The other thing that’s crazy is 2025, the year of the layoffs, Washington Post just announced thousands of people losing their jobs right now. Hello. Another, you know, the point of this is that it’s nothing is doing good right now. Nothing. A friend of mine having lunch with him this morning, you know, later on, and he’s telling me about how concerned he is with his company. And I know what you said in your last video made me think about this.

Everybody’s thinking about this, guys. Nobody has any money right now. Nobody’s being safe right now. Nobody is safe right now. So let me know what you think about this, guys, because I’m telling you this right now. It’s going to be a tumultuous year. You know, the new administration, you guys can blame it all on that. You can do anything you want. The economy has been held together by toothpicks and, you know, Elmer’s glue. And now that it’s, you know, becoming realistic, that things are bad, people need to get themselves prepared for the future. I am telling you, my last video that I did, leaving Las Vegas when I went by Whiskey Pete’s, I’ve ever shared their memories, but everybody, the majority of the comments, the emails I got were, wow, Dan, all I’m doing is working on my finances right now, which is what you need to be doing.

I don’t care how wealthy you are, have a game plan. This is the perfect time to get together and sit down and put pen to paper to see where you’re at. And, you know, tax day’s not till April. Do it now. It’s incredibly windy out here, too. So I want to avoid this as much as I can with the hair. Hair’s totally loosening right now. So, okay, here’s more to cover. A couple things in the news that I find entertaining. And the first one is Verizon. Verizon settled a lawsuit in regards to administrative fees, class action type lawsuit, where they settled for $100 million.

And everybody that was like, I’ll join that lawsuit. I’m going to get a ton of money. These people are getting pocket change. And they’re very upset about this. The lawyers are making all the money and everybody else is not. So again, that’s funny to me because people join these cases. You should join these cases, but everybody thinking that they’re going to get rich on this stuff is nuts. The other one is US Steel being sold to Nippon Steel, the Japanese firm. Joe Biden blocked it, which was somebody in his administration blocked it. But the CEO of Nippon Steel says, hey, I want to appeal to Donald Trump directly and let him understand what a great deal this would be.

That’s funny. That’s funny. Do you think Donald Trump’s going to let US Steel get sold to the Japanese? Seriously. What’s the butt of that joke? The butt of that joke is, did you see that guy’s press conference yesterday that the other guy never did in four years? I did. And what you’re going to see is that there’s a new sheriff in town and he wants to rename the Gulf of Mexico, the Gulf of America. Yeah. Let’s go sell US Steel to the Japanese. Okay. Sure thing. Let’s talk about our sponsor, Patriot Gold Group. Here we are in 2025 and it is time for you to review your retirement and your investments.

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You know, I’m going to bring Bob Kudla back in the show in the next few days. And Bob says the same thing. Everybody needs to get into metals. Stack silver and buy gold. Contact number one rated Patriot Gold Group today. 888-330-1431. Do it now before it’s too late. The wind is awful here today. I’m going to go finish this video inside for you guys. Now it is absolutely crazy here in Southern California. The winds have just fueled fires in Pacific Palisades, which is a very high-end area up above Malibu near the Ten Freeway Pacific Coast Highway and just beautiful home.

So a lot of famous people, a lot of athletes, just a great, great area. And that place has just been destroyed right now. And the fires are still burning there. My daughter has been under an evacuation order from the Altadena Fire, which is a fire at the foothills that’s probably 30 miles away from that. So, I mean, you know, God bless these people. Let’s hope everything works out and let’s hope the winds die down and then get these fires under control. But one thing that is happening in the news, that would be bigger news normally, is that is the Net Zero Banking Alliance.

Basically, green energy is dead, guys, when it comes to banking. And the latest big bank to get rid of this is JPMorgan. Now, we dabbled in this earlier in the week, but this is something that is huge right now because you’ve got Citibank. You’ve got Chase now. You’ve got Bank of America, Morgan Stanley, all these large banks that are out of the Net Zero Banking Alliance saying that they’re going to be, you know, zero carbons, zero net emissions from their banking system. And they’ve gotten rid of this. You’re seeing huge changes politically as a result of this.

Mark Zuckerberg stepped forward and we’re going to talk about this in the private channel. But Mark Zuckerberg stepped forward and basically said, hey, you know, we don’t like the way that we’ve been monitoring people and how we’ve been censoring people. You guys, my sarcasm, my sense of humor, I got, you know, almost kicked off of Facebook so many times because it would just be commenting with people that they didn’t like and they found to be offensive. It’s ridiculous, guys. It’s too much. Now, there are, you know, basically three American banks that are staying on this. And again, I’ve never heard of these banks, but I want to make it the point that you can understand, you know, who these are.

Almo Gamata Bank in New York. How about this one? Climate First Bank. Climate First Bank is going to stay in the Climate Alliance. So don’t be shocked about that one. And then the final bank is a ready bank, which I’ve never heard of. Now, here’s the funny thing is that Almo Gamata Bank is the 150th largest bank, which is nothing, guys. I mean, the change in your car is probably worth more than that bank is. And then you’ve got Climate Bank and these other banks. But, guys, this is a change that you’re seeing globally right now because of the change in politics.

People are sick of all this green energy being shoved down our throats. People are buying these green cars and they’re not having success. I told you guys in the last video about the man who just hasn’t done with the car, just done with this. It’s terrible. I have so much stress. I want you to think about these people with these fires and the potential to get out of Dodge and having to get far away and take off and go. It’s, you know, it’s not the same as a gas powered vehicle where you can have a can of gas, put it in your car and throw the gas can away and get out of there.

You need a charge or it’s a paperweight. So many cars were left on the side of the road. People tried to evacuate and felt that they would be safer going down the hills on foot that there were bulldozers that pushed cars out of the road. I mean, it’s crazy. We’re seeing all this stuff and you haven’t seen anything yet. You know, Party City, we’ve talked about them with their bankruptcy. This is something I found completely entertaining is that they’re going to sell off their leases for 695 stores and have an auction. What would you pay for an empty Party City store? Seriously.

What could it be? I mean, they’re huge stores. They would have to be something massive like a Party City. What kind of stores could take over 695 stores? And they’ve determined that there is no saving these places. There’s no you’re not going to have a big lots type deal where they’re going to save it. And even the 99 cent store that went out of business here on the West Coast, they had no luck trying to maintain all those stores because, you know, they were only 128 stores, I think were purchased from Dollar Tree. So let me know what you think about this.

But guys, do you think that that is of value buying, you know, buying this and these leases? I think it’s crazy. Now, a couple more things in the economy that are disturbing and it’s a sign of the times. BlackRock. People love this company. They hate this company. One thing about them is that they have $10 trillion in assets under management. And they are getting rid of their net zero potential investments. Think about these guys basically invented this ESG stuff and they’re stepping away from that. And Charlie Gasparano did a great article in the New York Post about this and you haven’t seen anything.

And speaking of New York, another office building was basically given away in the last week. And you have, you know, we think about real estate and you think about famous places and you say Park Avenue. Park Avenue is one of the most famous streets in the world. And 470 Park Avenue was a building that was built in 1922. And it was renovated in 2022. And it just sold for $147.5 million. Well, that’s a great deal. The only problem was, you know, in 2018, it sold for $97 million more. So, guys, a $97 million loss on a building that’s been renovated is insane.

And the people that bought it paid for the renovation. So, you know what I mean? Guys, you cannot have this type of math continuing over and over and over again. The other thing is, you know, we’ve talked about layoffs and the shipping sector. And I spoke to a very prominent businessman who owns a health food company today. And we were talking about how people are not shipping things anymore. And, you know, they told us how great the shopping season was. And what’s funny is, remember, it used to be Black Friday to Christmas. Well, now it’s November 1st to Christmas.

And they had the best shopping year ever. And there was almost $7 billion spent. And the majority of it was online. People don’t want to go to the stores anymore. People want to buy things online. And they’re saying that this was the greatest shopping season ever. Fine. But the shipping industry is anticipating in the first quarter that there’s going to be another 4,500 layoffs to keep upping this. I had heard 4,100. Now it’s going to 4,500. So, you know, what do you think about this? People are not shipping things around the country. And that includes manufacturing.

That includes purchases. That includes everything. When Home Depot is laying people off and UPS and our postal service is cutting back, you know that there’s a problem. So let me know what you think about this. But the commercial real estate is something you cannot ignore. You cannot ignore the fact that these people are very delinquent in their auto loans right now. Not everybody has good credit. People have to get through difficult times. We’ve all been there. But the idea with this is that it’s just starting to ramp up and get worse and worse and worse. So let me know what you think so far about all this.

I’m going to finish this video with these last few things. And I want to remind you guys that we have a private channel called IAllegedlyLive. And you sign up at IAllegedly.tv. And it’s everything uncensored that we cannot talk about in other places. So check it out today. I’m very proud of it. And a lot of you have signed up for this and it’s growing extensively. We are going to be announcing the winners of the Christmas card giveaway in the next couple of days. And I’ve got help with people packing gifts and gift cards and things like that.

So that will be sent out in the next couple of days. You’ll get the email and I’ll notify you first here. Final two stories is I got a great text that I wanted to share with you guys. And that was from Wells Fargo Bank telling me that, you know, Dan, there’s been some suspicious activities on your account. And you need to follow the prompts and give us your personal information so that we can verify that these charges are real. Wow. Okay. Let me do that right away. Only problem is I don’t have a Wells Fargo Bank account.

So there’s that be very hilarious scams like this. And Laura from Connecticut wrote me about her mother who’s in a nursing home who she says it’s a hair care scam and she laid out in detail. You know, here’s the thing when people have their social security given through these different, you know, I just want to call them retirement homes. But the retirement homes sometimes they take care of the people’s finances and because they’re on certain government assistance programs, they can only keep so much money at the end of the month. Well, Laura went through and was asking for statements and they’re talking about, you know, that she has $130 a month in hair care.

That’s insane. Okay. You know, it’s nice to have your hair done. It’s nice to have grandma get her hair done. But come on, guys. And now Laura is out all this money and realize it was a scam and they were taking extra money that they shouldn’t take every month. So won’t name the name of the facility or anything like that. But again, watch out for the elderly. Watch out for people you care about. Be friends with them. These people do not have it easy. And we get, you know, tied up in our own lives. But people get taken advantage of people.

It’s sick. If they can take an extra hundred bucks here, hundred bucks there, they make a lot of money from these scams. So be leery and be careful. Hit the like button. Subscribe to the channel, please. And if you want to email me, it’s hello at iallegedly.com. We will be back outside once these 75 mile an hour winds stop. So I will see you guys very soon. [tr:trw].

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