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Summary
Transcript
Hey, it’s Dan. Welcome back to SciAllegic. And I’ve got a good one for you today because I love videos like this. I love scats like this. I love when you add things up for a year and you sit there and go honking. Okay, so please hit the like button, subscribe to the channel, and today we have a sponsor, Patriot Gold Group. Think about this. We have had a crazy year in 2024. And if you have half a brain, you are probably with me who you think you haven’t seen anything yet, baby. But listen to this stuff, okay? Our country has $36.5 trillion in debt right now.
Think about this. If we don’t change anything that we’re doing, we are going to be $51 trillion in debt at the end of Donald Trump’s second term. If they keep spending money the way that they’ve been spending it right now, don’t change a thing. Don’t offer anything $51 trillion. We’ll never get out of debt. The average household debt is $18 trillion. $18 trillion is owed collectively by the average family. Is that crazy? Average debt, guys, is crazy. On a single day in December, Joe Biden commuted 1,500 sentences for people that are hardened criminals. And again, you can look these stories up because they are awful on what these people did.
The US Census Bureau, things like this really bother me because one thing you have to work on is your financial independence and getting out of debt. You’ve got to get healthier. You’ve got to take better care of yourself. You’ve got to get out of debt. 37% of the people in our lives, the average people around all of us, have trouble buying necessities for their household. That is terrible. Bank of America says almost one-third of the people out there spend 97% of their disposable income on necessities. What’s a necessity, guys? The problem with it is when I talk to people, they tell me, why skip this to do this? It’s not going out.
It’s not going out to dinner, buying anything lavish. It’s just the necessities of life. That is nuts, guys. The average household in Miami spends $337 on a single trip to the grocery store. Isn’t that crazy? Miami, $337. That is nuts, guys. It now takes $100,000 a year, they say, to live the American dream. The problem with it is if you want to live the American dream in nicer cities like Miami, it takes, they say, $250,000 a year. When you ask these people, what does it take to feel comfortable, $270,000 a year? Wow. Wow, wow, wow.
It just keeps adding up. Overall, U.S. home prices since 1974, and all you people that write me and say, Dan, I had a 13% mortgage. That was no big deal. I loved my house. It was like buying a car, guys, because it’s gone up 1,000% since 1974. There was a great study that was sent to me about the billionaire lifestyles of the 1900s. All these people that were Rockefellers and the steel magnets, and all these people that had all this money. They had luxuries that we take for granted now. Somebody to mow the line, somebody to wash their cars, different things that we have that make it like we have a billionaire lifestyle from 120 years ago.
So, again, lifestyles have improved, but the money hasn’t improved, which is what’s nuts, guys. So, you know, Warren Buffett, a lot of people hate that guy, and rightfully so, I get it. But the thing that floors me about him is that live a simple life. I think it’s really crappy that he’s not giving his money to his family members. I think that if you have what it takes to go generational wealth, you need some drippy to everybody. You know what I mean? So, that’s just me. A few things that will blow you away. There were 156 million votes passed in the last election.
That’s phrasing. The nearly $11 billion spent on the election. $11 billion. Is that crazy? I mean, you guys understand, they spent like $100 million on the George Bush versus John Kerry election, and people were freaking out. $11 billion. One state, Pennsylvania, they spent $1.2 billion in ads in Pennsylvania loans. Isn’t that crazy? Hello. I mean, again, it’s nice to talk about this stuff. Man, oh man, I’m just thinking, what do you think if you’ve got all these people that are talking about the election, talking about voting, and you know, it’s not, but all that money, billions of dollars spent in one state.
I mean, come on, guys, Pennsylvania, I guess it was that important. You know what’s funny? They say that that was won by the Amish. So, who knows? Share your thoughts on all this stuff, guys. Let me know what you think so far. There’s a bunch of these stats to cover that I think are fascinating. Let’s talk about our sponsor, Patriot Gold Group. As we make resolutions for the new year, one thing that you need to look at is your finances and your retirement. As we hear all these crazy stats, one thing that you need to look at is getting precious metals into your life.
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It’s going to be a very exciting year, and you don’t want to miss out on this. Now, the pastor was tumultuous, and they say that there’s going to be much more craziness in 2025. 79% of the people that were surveyed with all elections across the country, city council meetings, state offices, national offices, 79% on average said that the country was going in the wrong direction. You know, I’m telling you, I have become my grandpa because of like, let me tell you about a time when everything was fantastic and people worked and you could believe in this.
You know what I mean? It’s like, it’s nuts. So, you know, according to Bank of America, there was a jump since the beginning of the pandemic, since 2019, end of 2019 to today, there’s been a 10% jump in the number of people living paycheck to paycheck. All you hear from the politicians are how great it is and how our wages are going up. Well, that’s not right. According to the US Census Bureau, think about this. 29% of all households are single individuals right now in 2024. Isn’t that crazy? Almost a third, guys, over a quarter of the houses have one person in their household and people are by themselves, which leads to the next stat, which is, you know, 30% of people say that they have felt lonely in their lives.
And you’re seeing a jump in people that are being clinically that are being getting medical advice that they are clinically depressed. That is wild, guys. That’s a 40% right now. So, again, guys, you know, everybody, every friend of a friend, every client, everybody’s so lonely, people get old and give up or get older or think that they moved someplace new. Go join meet-up groups. Go and do things that you are interested in socially. And I’m telling you, you will meet some of the best people because they like the same things that you do. According to the US Census Bureau, 425,000 criminals are living in the United States.
That’s nice. According to the North Carolina governor, Hurricane Elaine has exceeded $50 billion in damage. Hurricane Elaine, $50 billion in damage. According to the Government Accountability Office, Congress, think about this, Congress has already approved for foreign wars $174 billion to be spent in 2025, between now and April. What could you do with $174 billion? Remember, somebody had told Elon Musk, you could get $6 billion. You could cure hunger around the world. I dare you, try it. You know, shave off from that $174 billion. It’s a wild figure, can you guys hear that? So, how about this? How many military conflicts right now are going on around the world? Active military conflicts.
56. 56. Who knew? Who knew? There’s over 2 billion people that say that they would eat insects. Again, you first. Go ahead. You know, crickets. Cricket tacos. Those sounds so good. No, Pasadena, guys. Pasadena. Here’s one for you. 37% of everybody here in the United States say that they have at least one max out credit card right now. That’s terrible. That’s awful. If you took out all of the credit card debt, it would outdo. Think about this. It would be twice as large the GDP of the 100 most poorest countries in the world. Of our credit card debt alone.
In other words, we’re just maxed out. Everybody owes money. And the poorest countries owe money. At One Food Bank in New Jersey, the activity for food has quadrupled. Well, that’s around the country, guys. You’ve seen that happen so much. I’m not trying to make light of it. That’s awful. More than 3 million people live in their cars right now. Is that terrible? I’m telling you, when Australia had a bunch of problems in 2021, we learned about all these different places that were working poor because rents shot up in Australia. They have a weekly rent there.
You know that? Rent is figured per week. We want to live here. It’s so much a week. And you guys understand this. There’s 52 weeks in a year. So you pay more in rent that way than you do in a traditional month. But I always got a kick out of that. But 52 weeks a year they pay rent and all these people are sleeping in their car and you’ve got, you know, gosh. We’re at an all-time high of homeless people. There are 770,000 homeless people in the United States right now. And it grew 18% in just one year.
Oh, that’s nice. Our government at work doing a good job. By the way, you know, California, they can’t find the $23 billion in Southern California. So the number of job openings in the United States has fallen by 4 million since 2021. Okay. I’m telling you guys, you’re going to see massive layoffs in 2025. You haven’t seen anything yet. And when these layoffs happen, you’re going to see the one problem that people have written me is, you know, getting a job and trying to find a job that is taking much longer. I’m telling you guys, and I say this to people and it pisses them off, but the truth is your job, when you need a job, is to look for a job.
You need to treat it like something you would do 40 hours a week. And I get people that say, hey, I emailed this person and I haven’t heard that. Then show up at that place. Do something different. Be somebody that’s not, you know, an email. How many emails do you get that you ignore? So does the recruiter at that company. They’re ignoring you. And 2024, how many store closures were there? There was 7,100 store closures across the country. That is awesome, guys. Absolutely disgusting. For the 12 months ending June 30th, the number of business bankruptcies are up 40% compared with the previous 12 months.
So you’re seeing this. You’re seeing office buildings, a Manhattan office building that sold originally in 2006 for $332 million, just sold for $8.5 million. Well, that must have been a terrible offer. No, guys, the commercial space is actually falling to the floor right now. You want to see if you’re making the average income? Half of all U.S. workers make less than $43,152 a year. How do you survive on that? You don’t. So crazy, guys. I’m going to finish this video with these last few things. First thing is we have a private channel called ILED to Do Live.
You go to ILED2D.TV to sign up for it, and it is everything that’s too hot to cover in the place else. We’re going to live through very tumultuous times, and it’s going to get crazy. And I love sharing everything that we can talk about there that we can’t talk about here. I talked about layoffs and all those stats. And one thing that’s wild is you’re going to see layoffs in every sector. There’s not a sector right now other than the negative, other than, hey, I’m a divorce lawyer, hey, I’m a bankruptcy lawyer, hey, I work in the foreclosure business.
We need more people. Every sector of manufacturing, every sector of delivering, every sector of travel is having problems with that industry, and they’re going to have massive layoffs. And I’m telling you, I had a buddy of mine sit down, and he just said, you know, you talk about this stuff all the time, and I want to be proactive. I want to go get another job right now, because I don’t want to get laid off by these idiots that run this place, because, you know, they have such problems when it comes to leadership.
How about this one? There is a guy who’s responsible for manufacturing and making sure that all the machines work, making sure that there’s inventory for the parts. This guy has been under serious heat lately because there are products that represent about 25% of the sales of the company, and the guy decided, I’m going to take six weeks off. I have the vacation time, and just left the company. But left the company and didn’t tell him who’s going to do what, where they’re going to get it, when it was ordered, nothing.
So basically, at a standstill, he said, can you believe that? Why this guy still has a job? I don’t know. But you want to let that guy be in charge of management at your company, and you think your future’s going to be okay. You’re joking. You’re drinking the crazy Kool-Aid, you know? Final, final story is a man named Mike Johns, who was a tech entrepreneur. He was traveling from Scottsdale to Los Angeles and hopped in one of those Waymo’s driverless taxis that they have in Arizona. The thing kept circling a parking lot.
Read the story below. There’s a video there that he shared on LinkedIn. That’s crazy. He kept doing circles. He finally had to call the company and was saying, I’m getting sick. You guys are just doing circles. Imagine that. No driver, can’t unlock the door. How unsafe is that? You just can’t get out of the car. You can’t jump to the front seat and stop those things. He called the company, oh, let me see what I can do. Watch the video, because it’s crazy. So hit the like button, subscribe to the channel, and onward and upward, guys.
It’s going to be a great year. A lot of cool stuff coming out. I can’t wait to share with you. Thank you. [tr:trw].