Summary
➡ The speaker anticipates a difficult financial future with prices rising and interest rates predicted to stay high. They highlight problems with the economy, citing high inflation and labor issues in the postal service, with workers facing more work for the same income. They suggest that business closures and job losses will be imminent due to increased automation and rising labor costs. Stories of excessive bank fees and increased living costs are shared, emphasizing the speaker’s prediction of an upcoming recession, which he believes will be severe, contrary to claims by Goldman Sachs that such an event would be a shock.
➡ The speaker urges individuals to routinely handle their finances, confirming they have access to online banking and their credit lines are at desired levels. They advise maintaining occasional activity on any credit cards to prevent closure by using them for small purchases. The speaker also encourages engaging with their content like liking and subscribing, and remains open to contact via email for assistance.
Transcript
First things first, you’ve heard these crazy stories in the past about how some person moves into somebody’s house and is basically a squatter and doesn’t live there. And they basically are, let the law can’t kick them out. And there’s really nothing these people can do. Well, enough is enough. Okay? In Florida, there was a woman, Patty Peebles, who, single woman, has a house. Somebody says, listen, I’d like to make an offer on that house.
So she gets the idea of let’s go get it inspected first to figure out what’s wrong with it before this person starts to go through the house to make an offer. And then she finds out that two women had moved in there the day before. What are you talking about? It’s not your house. Get out of here. Oh, yeah, we have a lease. Look, we signed a lease from this guy.
You can’t kick us out. And she couldn’t kick him out. She has a lease. It’s legal. So absolute hell ensues from there. They damaged the house. They did, in 34 days, did over 40 grand worth of damage to the house and just completely destroyed this woman’s home. Took doors off, broke doors, broke windows, just completely smashed walls, just completely destroyed the place. Okay. And again, $40,000 worth of damage.
So flash forward to Congressman Kevin Steele in Florida. He says, you know, enough is enough. We’ve got to do something about this because these people say that they have tenants’rights. So what he has proposed is something that’s absolutely brilliant, and that is that if you are a tenant and you have rights, number one, you have to show a notarized lease. And I am telling you guys, if you go out and you get a lease from somebody, you should get it notarized from somebody, you should, you should get even the terms of your lease with the landlord, get that notarized because that way you have something to show the authorities if they show up.
Number two, you have to prove that you’ve been paying rent is what he wants to propose in his new bill in law. And what it would do is it would make it so that this would be a crime. If these people did this now, it would be a felony if you show fake documentation. If you sit there and go, yeah, this is my house. Look, get a lease.
Nothing you can do about it. Well, there’s a lot that people can do about this, and it’s the fact that you say you have a lease, you better be able to prove it from now on. Now, in this insane state, the ods that they’re going to let this happen, who knows? But this will happen in other states, they’re going to make it so that it’s going to be a law that you’re going to have to verify everything.
Just because we’re tenants, we have tenants rights, and you can’t kick us out, which is insane. So Patty Peebles just destroyed her house. And again, who pays the 40 grand worth of damage? Nobody. There has been so many stories about this on TikTok and all these other different platforms. And the best one that I saw was, again, husband and wife are married forever. They have a second home.
The dad dies. Okay? So the wife is going to, let’s rent this place out. And they go to rent it out, and the kid shows up, who’s a handyman, to fix up mom’s house, and there’s somebody living there. It’s my house. Get the hell out of here. You can’t do anything about this. So he can’t do anything. So what he came up with goes to the police, nothing.
They’re tenants. They have rights, okay? If you were a tenant, you’d have rights. So him and mom came up with a brilliant idea. She drew up a lease, he signed it, had it notarized, and they staked out the house. When the people left, the squatters left. They went in with friends. Now, they didn’t know. Are they going to the store? Are they going to be gone for 3 hours, 2 hours, whatever.
When the people left, they went and cleaned the house out, took all their stuff out of the house, and then had the locksmith there and changed the locks. So when the people came back, they go, what’s our stuff doing on the lawn? And they called the police. The police come out and say there’s nothing they can do because he showed them the lease. So again, that’s what it took.
But this is what Kevin Steele wants to do in Florida. He wants to make it so that people just cannot have squatters rights. And I am telling you guys, the scams, as people get more and more desperate and more and more broke, I am hearing from everybody right now about scams I could just do the scam awareness channel on I allegedly. But I am telling you, this is getting worse and worse and worse.
And hopefully it’ll get better. Hopefully this will solve that problem because so many people have fallen victim to this and it’s awful because these scammers are just ripping people off. The fake landlords online are doing this, but now it makes it a felony in Florida if this law goes through, which it looks like it’s going to, because they’re tired of all these people, because these retirees are getting taken advantage of and a lot of people don’t have people to fall back on, don’t have family members, don’t have kids.
They’re by themselves and what do they do? They’re just victimized. So this law is going to fix that. So share your thoughts on this. Let me know what you think about it. But you can sit there and say, oh, that’s kind of extreme. How often does it happen? Happens a lot, guys. It’s unbelievable how many times this happens. So let me know what you think about this. Let’s talk about our sponsor, patriot gold group.
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Contact them today. They sell all types of metals. They will answer all your questions. They have the best customer service. Call them today. 88833 00:14 31 if you don’t want to speak to somebody, use the link below. Fill out the information and let them know that Dan from I allegedly sent you. Now here is something that you’re going to hear a lot more of in the future. Remember two years ago when we had the supply chain debacle and you couldn’t get things new homes were being built without garage doors and they were letting people close escrow in Sacramento, California.
And all those crazy stories that we heard about, well, this is coming back again because you have massive amounts of apartment buildings that are being built and that don’t have the furnaces, they don’t have equipment, they don’t have the connections to Pacific gas and electric. So you’re seeing hundreds of apartments that cannot get completed because they don’t have access to be able to charge people for electricity, furnaces, things like that, everything.
This is going to happen more and more right now. You’re going to see this get worse before it gets better. And again, oh, this is just an anomaly. It’s just one area. No, you’re seeing so much construction right now that’s being done. And as interest rates go up, these units are not going to get completed. They’re all not going to get done. So you’re going to see builders go out of business.
And this is the surefire way to make it happen. Because think about this. Everything in construction is based in a time frame. Everything in every stage payment, okay? Hey, if we get this done, we get this money. We get this done, we get this money. Now think about this. You don’t have tenants being able to move into these units because they cannot connect to the power company. How insane is that? So this is the beginning of this.
And again, you’re going to see more and more and more of this. Now, here’s one thing that’s funny, is you’re going to see the number of houses people are going to talk about, hey, we’re going to see a spike in the number of sales for houses in 2024. 2023 was one of the worst months ever. Worst years ever. Excuse me, for number of real estate transactions that were closed.
So it better be up next year or it’s going to be depressionary times if it continues to go in the other direction. So as we enter 2024, you’ve got all the smoke and mirrors and all the magic tricks out there being told to us about how great real estate is going to be. And you still have major problems with interest rates. Let’s put it this way. Enjoy your six and a half percent, because that’s where it’s going to be.
It’s not going to drop. You’re going to see, oh, they’re going to drop interest rates eight times. They’re going to do this, they’re going to do that. It’s not going to be that dramatic. It just really isn’t. So share your thoughts on this stuff. You’re going to see crazy times ahead. But when you can’t get tenants into houses, when you can’t get people to close escrow because you cannot connect to the power company because of products that cannot be shipped and connections, I mean, it’s just a mess.
It’s an absolute mess. Read the story below because it’s insane. We’re being told how great the economy is. Rick sent me a great story out of Missoula. His son is a postal worker. They would average last year 52,000 pieces of mail a day. Okay. It’s a lot of mail, don’t you think? Well, this year, their peak day this year was 36,000 pieces of mail this year. Why is that? Oh, people are just buying things digitally, Dan.
They’re not sending packages. Right. Everything’s great, though, in the economy, though, guys, remember that. So when the postal workers are off, and every single postal worker that has ever reached out to me individually, they’ve all told me that they’re having to work more for the same amount of pay. Oh, we’re not going to give you a raise. We’re not going to raise your hourly rate. We’re going to add a day.
We’re going to add a different shift or get rid of your overtime or make it so that you can’t take time off right now until the end of the year or after the holidays. So that’s happening all over the place right now. Gary sent me a story where he was talking about how, hey, Dan, I tried not to opt into my bank of America account for my transfer fees and my online payment fees, and I didn’t want to agree to it.
They closed his account. So, guys, you’re being held hostage with this stuff right now, and it’s awful. And Lydia sent me the same thing that three other people have sent me, the same figure. What used to cost them $100 is now $300 at Costco. Isn’t that crazy? So again, is Lydia just a fool? No. She knows what she’s buying. We all know what we’re buying. We all know what things should cost.
People are seeing more and more of this right now. So it’s going up dramatically. Now, here’s the thing. As prices have gone up through the roof over the course of the last three years, you’re seeing that, hey, inflation is leveling off, okay? It’s at a point that you’re destroyed financially. You cannot afford it to live. But hey, it’s not going to go up anymore from where it’s at, okay? Damage is done, guys.
Damage is done. There are 20 states that are going to raise minimum wage as of the first 20. And isn’t this great news? There’s finally going to be some relief for workers. I’m telling you, you’re going to see more people go out of business by February 1 than ever. Mark my words. You’re going to see more people laid off. You’re going to see things get cut back. Because when you own a business and you have to put pen to paper and you’re not making it.
Oh, you know what? Joni’s nice. I’m going to keep her around. You’re not. You’re not going to keep her around, keep anybody around because they’re nice. You’re going to have to cut back, just like all in the last video, just like all those people at Pizza Hub that are losing their job because they can’t afford it, just can’t afford to do it. So you’re going to see more automation.
They’re talking about having McDonald’s be open 24 hours of some of these automation to where you’re going to be able to get a quarter pounder at 02:00 in the morning because a robot’s going to serve it for you and it will never, ever touch human hands. So let me know what you think about this, guys. If you think this is just crazy talk or if you think that this is the shape of things to come.
But again, everything is good, okay? You have to worry about your own finances. You have to worry about cutting costs and see where you can save money and see where you can get rid of things that you don’t need right now. Do this before the end of the year because I am telling you, two years ago, when the auto industry was completely upside down and they were giving people all this money hand over fist to buy their cars because they needed inventory, now there’s so many cars out there that are for sale.
It’s unbelievable. The car inventory is through the roof. You’re seeing all these different problems with this. And the car industry is in complete shambles right now. So let me know what you think about all this. I know a lot of you think I make this stuff up, but I’m going to finish this video with these three stories and they’re all insane. Okay. Just a lunacy. First one is from NPR talking about how Christmas sales, holiday sales were up 3.
1%. We’ve already talked about that figure. And consumers are feeling better than ever, but they’re not giddy. I’m like, who writes this stuff? And again, look at the articles. That’s what the title is. They feel good, but they’re not giddy. Okay, well, because people have to pay their bills and people put the majority of their Christmas on their credit card foolishly and can’t figure out how they’re going to pay for it.
Gosh, I hope I have a job in January so I can make these payments. Okay. I had somebody write me about holiday spending. Hey, you know what you should talk about? You should talk about your credit card cut off dates and know when they’re going to charge you. Because if your credit card cuts off, think about this. On the 19th of the month, and you do all your spending on the 20th, you basically get a free month.
Free. Yeah, but you still have to pay it back, guys. Okay? So you can play games like that and kid yourself. And I don’t owe it? Yes, I owe it. No, I don’t. You do. Okay, the next thing is you’re seeing the real estate has increased in one city higher than any other place in the country for two months in a row. Guess where that is? Because it’s floored me.
Detroit. Detroit, Michigan. Saw real estate go up for the second month in a row to the highest level in the United States, 8. 1%. Okay, now close escrow. They give you weaponry. But come on, guys, is that insane? 8. 1% increase? And that’s because you’re seeing real estate make a revival in the Detroit area. Okay, good luck for you. Good luck for you people that bought the stuff.
This right here is the house where they had that. They placed the Formula one car. And when we came out here, they kept having it covered up. So I didn’t film it for you guys, but they craned it in and craned it out and it was Lando’s car. So for those of you in Formula One, it’s kind of cool. They literally had it right here on the line.
Okay, so final story. Now think about this. Goldman Sachs says, and read the article below, that we’re going to have a shock. Hard landing in 2024, that we’re going to have a recession. That’s going to be a shock to all of us. How is it a shock, guys? Because it may be difficult to have a job, it may be difficult to work, it may be difficult to pay your bills, and energy prices may go up.
But if we have a recession, it would be a shock to all of us. A shock to who, guys, seriously, do any of you think that this would be a shock if we had a recession? Right now. I think we’re in one right now. I think what we’re getting into is going to be much worse than any recession that anybody could talk about. This is going to be so much worse.
So Goldman Sachs is finally coming to the party. But again, if you may be at bad for you guys, okay, you have to be ready for this. Do yourself a favor. I don’t care how loaded you are, I don’t care what you have. Look over your finances. Look over your bank accounts. Make sure you have access to all your online banking. Make sure you have all your credit lines at the proper level that you think they’re at.
And if you have credit cards, I’m all for paying them off. But go spend $10 here, $10 there, and make sure the card is open because I’m telling you, people are going out there to do holiday shopping or to do a big purchase when the dishwasher goes out and things like that, and they find out that the credit card was closed, okay, because they haven’t used it in three years.
Don’t forget to hit the like button. Getting a little worked up. Don’t forget to subscribe to the channel. Onward and upward, guys. I appreciate each and every one of you. Please, if you want to email me, it’s hello@iallegedly. com. I’ll see you guys real soon. .
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