➡ Dan claims the current positive financial news about the economy and sectors like travel is misleading, pointing out that several industries are struggling and certain policies, like the new bill limiting credit card incentives, could harm businesses and consumers. He also criticizes the proposed strategy of making half house payments every two weeks, highlighting that many people are struggling financially and unable to make ends meet.
➡ The speaker emphasizes the importance of food storage amid global instability, mentioning a site, foodwithdan.com, that offers incentives and discounts. Furthermore, they discuss concerns about the economy and how spending habits are the key, warning of potential issues due to high interest rates and inflation. They express skepticism of reviews written by AI and caution against relying too much on advice from others. Finally, they discuss rising property prices, problems in the toy industry, and an increase in electric vehicles, while expressing doubt about the economic stability.
➡ The mortgage company is closing due to severe losses and skyrocketing interest rates, laying off about 200 employees and only honoring loans that have been locked in before their closure. Also, a study suggests the addictive power of snack foods is comparable to heroin, prompting calls for healthier lifestyle practices.

Hey, it’s Dan. Welcome back. You’re watching I allegedly and I have a good one for you today because I believe none of this, nothing that’s going on right now in the economy, I think it’s all just a big scam right now, and we’re being played for fools right now. That’s just me, please, as always, like these videos, hit the subscribe button so you get notified of everything we’re doing and the bell notification.

And today we’re going to talk about a food company and food supply. I’ll do that a little later, but first things first. Great news, guys. Our gross domestic product was announced yesterday, and we’re supposed to celebrate the fact that it had risen by 4. 9% and it was expected at 4. 5%. When I heard the expectation of 4. 5%, I laughed. I laughed hysterically. I thought, who are they kidding? Who are they kidding? Now, the industrial complex and war complex and manufacturing for war would be great for GDP because it would just make everything to where people could they would just be making everything as far as planes, trucks, everything that goes along with that, okay? And that would be a good thing for GDP.

But it’s not real, guys. This is not real. The economy is not doing well right now. And here’s the thing. I am a connective marketer. I have clients that I consult with right now. I am great at one thing, and that is squeezing money out of your existing company to make it so that you can make more money with what you already spend money on. That’s what I do.

And one thing that I’m good at right now is helping people get money right now. And one thing that’s happening right now is you’re seeing a lot of people that are trying to navigate through this stuff because their business is not doing good now. Not all my clients, not all of them are in horrible industries. Oh, gosh dan. Well, they’re bad. I have people that are in growth industries right now, like foreclosures, okay, evictions, things like that that are going to go up right now.

So as we enter this cycle of whatever you want to call it, there are some industries that are doing very well right now. And when you look at everything as a whole right now, as far as business, as far as the interest rates, as far as hiring, things are not normal right now. Things are not just like, hey, we’re going to get through this. It’s okay. Not a chance right now.

Unemployment numbers tick up. Okay? Think about this. There is a bill going through Congress right now that wants to limit credit card incentives, okay? Now, this would destroy travel incentives. It would destroy people that travel and get miles, people that get different perks, whether it’s shopping, gas, whatever. I have a friend that runs a foreclosure company, and he and his wife have not paid for gas in five years.

Five years because everything that they put on the company credit card gets paid back to them in gas cards. They get $50 gas cards on each one through some chase card. That’s the most amazing thing ever. Now with this new bill that Dick Durbin is putting through, it’s saying, hey, listen, we need to limit this, and people need an option. People are getting charged 3% to run. Basically, credit cards and Visa and Mastercard have a duopoly right now, okay? Well, when you use a credit card, guys, there’s a fee.

And I hate restaurants. I hate businesses that say, hey, listen, we’re going to charge you 5% to use your credit card, okay? That’s part of doing business. It’s what needs to be built in and is built into the price. Now, Southwest Airlines just issued a guidance. Now, remember, everything’s great. Believe it. Southwest Airlines who is so against this. There’s two stories below. Southwest Airline is totally against this, getting rid of these incentives right now.

But they’re saying that their profits are up 30% 30% from people flying from last quarter. Now, here’s the thing. If they would have had GDP down, then there’s no way you could have multiple down quarters of GDP and then say that we’re not in a recession. So Southwest Airlines next year says, travel is going to be bleak. It’s going to be awful. People are not going to be able to spend money to travel in 2024.

Okay, well, wait a second. Everything’s good, okay? Everything’s great. No, it’s not. Mohammed al Aryan, who I’ve talked about in the past, is a great economist, and he steps forward and he says, wait a second. Let’s believe these numbers. Let’s say that these numbers are true. People are not out of the woods. We’ve got interest rates for mortgages well above 8% that people cannot afford, okay? You’ve got people that have depleted their savings.

You’ve got companies now that cannot get access to credit, and they’re not going to be able to operate sufficiently in the first quarter of 2024. Forget the fact that they don’t have any customers. They’re not going to be able to operate their business and be able to have trucks and have employees and be able to deal with cycles and downturns that have nothing to do with people paying them.

For example, if it starts raining here in California and you can’t build things, construction slows down, things like that, that’s going to start happening as it start getting colder around the country. But Mohammed al Aryan says, listen, this is nowhere near being normal, nowhere near being out of the woods yet. And people need to take this seriously, right? You know, do you guys think that this is real? Do you think these numbers are legitimate? Because I don’t I don’t believe anything that they’re telling us right now.

But when you talk to any real estate agent that is worth their weight in anything, they tell you that there is a huge slowdown, right? You know, you’re going to see less houses close escrow, you’re going to see less transaction. Well, Dan, because you’re stupid, dan, you don’t know that there’s no inventory. Okay, let’s play your game. Why are my foreclosure buddies that own two different foreclosure companies that don’t work together are doing the exact same thing where they’re trying to expand right now? They’re trying to get more people right now because of the uptick in business, because business is so good, because things are great.

No, things are falling off a cliff. People cannot afford their houses right now. I get people that send me investment hacks and financial hacks and for some reason I’m getting a ton of stuff from TikTok and from different places right now and what thing know? Hey, listen, here’s what you do. You go out and you make your house payment every two weeks. Just make half your house payment every two weeks.

Just don’t skip it every other week. So you’re going to make 26 payments this year, but they’re going to be cut in half your house payment. So at the end of a year you’re going to make 13 payments. Okay, that’s good advice. If you can afford that, you can make 13 payments. Isn’t that great? Okay? And you will cut out all this interest and you will save all this money and let me give you an investment hack, okay? Spend less money, okay? Bring in more money, pay your bills off, live comfortably and don’t piss your money away, okay? If you do that, you’ll be ahead of the game.

All your subscriptions, all your cable TV, everything that you have out there that’s expensive. You need to do what you can do to get rid of that stuff right now. But go make an extra payment. Again, more people have the problem that they cannot make any money right now because they’re getting cut back on hours and cut back on work and you should go make an extra house payment a year.

Okay? So share your thoughts on this stuff. Do you think that this is good? The Southwest Airlines story about the travel industry is that this will kill incentives for travel. It will kill incentives for people going on vacations. Now think about this. I know people that travel quite a bit, okay? I know people on YouTube, I know people that do different industries and they rely on those miles, but they rely on them for airline tickets, for hotels, for travel discounts.

They have restaurants that are part of an incentive club that hey, listen, come here and we’ll give you discounted room rates, we’ll give you free food, things like that that you get. And this is getting destroyed right now with this. So share your thoughts on this stuff guys. Let me know what you think about this. Let’s talk about my patriot supply, guys. The unthinkable has happened and we’ve been distracted with the news and with the financial news.

One thing that you need to look at is to get yourself some food preparation. And the best thing that you can do is go to www. foodwithdan. com and look at what mypatriot supply has put together for us. They have put together incentives to where you can get a three month food supply at an unbelievably inexpensive price. Now, I know what you’re thinking. All this food, Dan, it’s just awful.

And it sits in a cupboard. I’ve eaten this stuff, guys. It’s fantastic. And so many of you have bought this in the past from the channel. Take a look at this today, because with the instability globally, you need to look at making sure that you have food storage and you can buy a little that can last as long as three months, or you can buy a year supply.

I mean, it’s amazing. But the cool thing is that they have incentives and discounts for all of us for going to foodwithdan. com. They threw in a bunch of different good things for you guys. Take a look at it today. Buy this as a gift, guys, because I did this last year and gave it as gifts and people thought it was great. So check out foodwithdan. com. Get yourself food preparation and food storage, but do it today.

Now you can look at any part of this that you want, but the most important component when it comes to the economy is the consumer. You and I spending money. You and I going out to dinner. You and I buying things. You and I going on vacation, buying an airline ticket, buying cars. That’s the most important thing. Think about this. Chris Watling from Longview Advisors steps forward and he says, listen, the average consumer is walking towards a cliff.

The average consumer cannot afford the lifestyle that they have. You’re going to see major problems between now and the end of the year. Right now, where interest rates are killing the average consumer. Inflation is killing the average consumer. Now Mohammed al Arian says, hey, let’s try to get inflation down to 4%. That would be fantasy land, guys, if inflation was at 4%. Because everything is through the roof right now and everybody knows it’s through the roof right now.

So how about this? The average credit card went up 6% this year. Why? Oh yeah, interest rates went up. That’s right. The Fed raised rates a bunch of times over the last two years. Okay? Yeah. Okay. 28. 9% is the average credit card interest rate. People cannot afford their credit cards. They cannot afford their auto loans. People are spending over $1,000 a month. But I have people who, when I talk to everybody from family members of theirs to family members of mine, and I’m just telling them, get out of debt.

Don’t buy things you do not need. But the average consumer is heading towards a cliff. Think about that. Okay, so again, I don’t believe that. These numbers are great. Lunch with my friend yesterday talking about all the layoffs and everything that they experienced in his company and how they’re trying to streamline profitability. That’s crazy. Now, again, not believing things. Gannet okay? They own a thing called USA Today.

There were some writers that were reading incentives from discount, like, hey, here’s a review of a product in USA Today, and there’s an article below about this about how one writer said I couldn’t leave my desk because I kept reading these reviews that were not written by human beings. They were not real people that didn’t exist. And the reviews were for, like, foam tumblers and ridiculous products. So we’re being fed, hey, try this out.

Check this out. And they’re written by AI robots. So it’s not real. And that’s what we’re experiencing even more. So be careful what you guys read. Be careful what you get recommended and things like that. Get somebody’s background, okay? So much right now, people are relying on other people’s advice, and it’s crazy. Speaking of that, FTX, good old Sammy Bankman fried his court documents leaked out. Why? He wants to get in the stand because he wants to blame his attorneys that worked for FTX.

He wants to blame them that he followed their advice and throw these attorneys under the bus. So, guys, let me give you some legal advice for you. And this is my Dan’s Free legal advice, even though I’m not a lawyer. Don’t try to go up against a lawyer and try to make the lawyer the bad guy, because what they have is friends that are lawyers, and they will go out, and they will hire other friends that are lawyers and their friends and their friends to make you look bad.

Now, Sam paid these people tens of millions of dollars, okay? And he’s going to sit there and say that this whole scam was based on what they told him to do. Wow. Okay? Please, I begging him that he does this, because it would be funny, because it would just be that much faster to a jail cell, in my opinion. But no one believes this. I don’t believe it.

I know you don’t believe it, but tell me what else you guys question right now. Tell me what else you think is wrong, because there’s so much right now, and this is just the beginning of it. But the high interest rates, everything is expensive right now. Going out to dinner is outrageous. Everything in this world is more expensive than ever right now. It’s a ton of construction on the island across the way, too.

So I’ll walk away from this for you. Now, remember, guys, all is well. Everything’s great in the economy. There’s nothing to be concerned about. Don Peebles owns the Peebles Corporation, and he’s in commercial real estate. He was on Maria Bartimaroma’s show yesterday and said, wait a second. The Fed has destroyed commercial real estate by raising interest rates as high as they have. And it’s going to be a huge problem because all these people that bought property with these low interest rates and then cannot refinance them and now have vacancies, you’re going to see more properties given back to the bank than ever.

But he says the next big problem is going to be the apartment building. You’re going to see more and more apartment buildings that are going to go back to the bank. So imagine you’re paying your rent and the landlord is not paying the mortgage. Oh, so again, everything’s good. I don’t believe any of this. But here’s what happened. Hasbro and Mattel, the two largest toy companies, stepped forward and say that it’s going to be a bleak Christmas and you have a softening consumer who has what, no money again.

Oh, okay. So people are not going to be buying toys. They’re not going to be having incentives to buy toys because they don’t have jobs to do that. So it’s going to be interesting, to say the least, once again, to come out early and to sit there and say, hey, listen, we want to warn the industry that things are going to be bad. I don’t care what industry that is.

And if it’s toys talking about the holidays and you can sit there and say kids don’t need anything. It’s not the spirit of Christmas, Dan. Christmas is about family and God and being together and everything great, okay? The holidays are about a lot of things. And one thing that you have is you have a lot of get togethers, a lot of family. And Aunt Mabel buys the know toys every year and now she’s not going to be able to afford it.

So there’s that a follow up from yesterday’s video. Think about this one. There are great article because I didn’title this I wish I did because it’s fantastic. There are 50 new EV cars coming on the market in the next three years. Is that crazy to think about 50, 50 different models coming out? And the problem with this is the article says who wants to buy these 50 different models for an industry that does anybody want to buy these? No, they don’t.

They don’t want to buy these cars. They cannot afford these cars. They can’t afford toys, can’t afford your car. So share your thoughts on this stuff. I walk to the backside of Newport. It’s really nice. I’m in Newport Beach, guys. If I kept going that way, I’d be towards the fun zone. If I went that way, I’d go to the water. So let me know what you think so far.

But again, 50 new EV cars. Good luck, guys. Good luck. I’m going to finish this video with these last few stories. And first things first, I want to thank Anthony for sending me this little tidbit, which you guys can see below. And that is what does it cost to charge an EV car compared to the price per gallon of gas. Oh, well. Dan. It’s free. It’s absolutely free and you’re an idiot.

It’s the stupidest thing ever. When you have an EV car and you have solar on the roof of your house, it’s absolutely just free. Free. Well, Anthony has a story where the average EV car, if you compared it to the cost per gallon of gasoline, is $17. 33 a gallon. Well, gee, I don’t care. On my worst day, if I went to Beirut in a war zone, I don’t think I’ve ever heard of $17.

33 a gallon for gas. Read the story below. Homestar Mortgage homestar Mortgage has been in business for over 20 years. Wes Hunt, the CEO of the company, and says, we have always been able to fight solidity and the cycles of the mortgage industry, but the losses have mounted and are so much right now that we cannot afford to be in business right now. The ten year bond has shot through the roof.

Interest rates have shot through the roof. So we are finished. Going to lay off about 200 people when it’s all said and done. Oh, that’s terrible. Now here’s the thing. If you have a loan with them, they’re going to lock in the rate through Halloween. After Halloween, they’ll fund your loan, but you’re done. After that, there are no more new loans and only locked in loans. And again, this is going to be something, a very familiar thing you’re going to hear in the future.

Hey, did they lock your loan in before that mortgage company went out of business? What are you talking about, Dan? Hey, they went down for the count. Is your loan they did they submit it? Was it FTX lending? You know what I mean? That didn’t have loan docs and things like that. So again, you’re going to hear about this more and more. So great story. Read it below.

Final story. And I love stuff like this from study finds and that is addiction to snack foods is as strong as heroin. So remember that it’s just one of the it’s just a terrible addiction. So Johnny goes to the doctor and he’s on smack and potato chips. Remember that. I like barbecue. Bring me funions, man. I can’t live without it. It’s insane. Okay, chubby, quit eating. Okay? Run, go for a walk, okay? Do 25,000 steps a day.

Snack hound. Okay. Anyways, please don’t forget to hit the like button. Please don’t forget to subscribe to the channel. I don’t believe any of this. Okay? People that are addicted to know people that have snack food addictions, okay, that the fat muffin man is the same guy. Okay? Onward and upward, guys. Like subscribe. You want to email me something like Anthony did? That’s solid gold. Send it to hello@iallegedly.

com. I’ll see you guys real soon. .