➡ Dan discusses the current economic situation, highlighting issues like high auto loan delinquencies, layoffs, and rising costs of living. He mentions that despite some positive signs, such as dropping interest rates leading to increased home refinancing, the overall economy is struggling. He also talks about the impact of factors like the destruction of chickens on egg prices and the closure of restaurants. Dan advises his audience to be financially savvy, such as cooking at home to save money and considering refinancing if it makes financial sense.
➡ The article discusses the current economic situation, highlighting the predicted rise in the value of precious metals and the importance of investing in them for financial security. It also mentions the struggles of companies like Walgreens and Walmart, and advises readers to protect their finances and cut costs where possible. The article also touches on the real estate market, suggesting that prices will drop, and ends with a discussion on dissatisfaction among Americans, particularly those with college degrees and student loan debt.
➡ Don’t rely solely on a degree to make money, as many companies don’t require them and you could end up in debt. Remember to check out our private channel, iAllegedlyLive, and our website, iAllegedly.tv, for uncensored content. Don’t forget to like, subscribe, and share your thoughts with us at hello@iAllegedly.com.

Hey, it’s Dan. Welcome back. This is I, Allegedly, and I’ve got a good one for you today. Here’s a question, and the question is, what is doing well right now? What is it? Because there’s a lot of things that are having a real problem right now, and before I get into it, please take a second, please hit the like button, please subscribe to the channel, and today we have a sponsor, Patriot Gold, and I will talk about them in a bit. But first things first, guys, you know, a lot of the economy can be summed up in certain areas.

The first area is auto loans. We keep getting more numbers about auto financing and the problems with auto financing. Think about this. I am always blown away at stats like this. How long has it been since they’ve been keeping track of auto loan payments and delinquencies? How long has it been? 40 years? 50 years? How about 1994 was when they start doing this? Huh? Yeah, 1994, guys. So, since 1994, we have more people delinquent on their cars right now, today, than ever before, since they start keeping records for this. So, you have 7% of the people that have subprime mortgages, and that is people that have, you know, lower than a 620 credit score, and it just shows you that people are hurting right now.

People are not getting the hours. People are not getting the money, and you know, people buy cars that are broke, and, okay, you know, I’ll make it work. How much is the payment? What’s the interest rate? I’ll make it work, and somehow they think that they’re going to be the one that’s going to be able to handle a payment that’s four or five hundred bucks more a month than it should be. People are financing these cars longer than ever. It’s outrageous, and it’s weird because we have a mixed bag of news.

The job numbers come in, and we’re supposed to sit there and go, these are great. Job numbers are fantastic. 151,000 jobs were added last month. Okay, is that really good? Do you really think we should celebrate that? Because I don’t. I think it’s outrageous. Now, here’s the thing. How many layoffs have been announced since January 1st of 2025? I counted 172,117. So there’s more people that got laid off than got hired. So let’s start with that. But when you look at all these numbers, and you sit there and you say, okay, it’s not that bad.

It is that bad. People are not making the money that they made before. The layoffs are running rampant. You know, my son was calling me about some of his friends about how they’re just not getting the work that they got, you know, a few months ago. And now you can sit there and blame the weather in Massachusetts, whatever, but people are not making what they made before. This is something that has to be corrected right now. You know, 1.5 million chickens were destroyed during the Biden administration because of the potential bird flu.

None of these chickens were sick, but they just destroyed it. Now, I read a great article from an expert saying this is what’s driving the price of eggs up. You don’t have the chickens. So when you talk to farmers about, you know, how if you have a chick to it, you know, producing hen, it takes a while. They don’t produce eggs, you know, in an hour and a half. It takes a while, like anything else. You can’t have a calf be sold, you know, to make steaks out of it. It just doesn’t work that way.

This right now is giving you a perfect example of how people are overextended. Rents have gone up through the roof right now, and there’s glimmers of hope in certain areas. And it’s funny, my lender friend Sabina sent me a little video message. Hey, Dan, just won’t let you know what’s going on. I’ll show it to you. But in the last couple weeks, interest rates have dropped. So what happens? People that bought their house in the last two years are, you know, refinancing at a record clip right now. But take a look at what she sent.

Hey, Dan, Sabina the lender here walking the beach. So naturally I thought of you. I know you like to stay in the loop about these kinds of things, and the rates are down. You probably saw the jobs report this morning. It came in lower than forecast. You probably already saw that the 10-year treasury was tending lower. A little bit of volatility with the tariffs and everything, but generally interest rates are down. I had so many clients already start reaching out to me about refinancing. The buyers are out there. Rates are down.

Just wanted to share with you because we don’t know how long this will last, but we are hoping that it will. Talk to you soon. Now Sabina is my go-to gal for loans, and if you want to refinance or purchase, that’s the person I would talk to because she’s totally in touch with everything but knows the industry. But think about this. You’re having a rash of refinances in the last two weeks. You’re seeing interest rates that people have bought houses, eight percent, and now you’re seeing high sixes, excuse me, low sixes, high fives as far as the interest rates are concerned.

You know, is that going to motivate you to go out and refinance your house? Who knows? But if you need money, cash out. People are doing that right now. Now I think right now that the economy as a whole, I don’t think it’s that good. I think that you’re going to see a lot of hiccups before it gets better. You know, Donald Trump wants Jerome Powell to lower interest rates to zero and then some, but it’s not going to happen anytime soon. He’s talking about how we have stagflation. We have a problem with with inflation, unemployment.

You know, stagflation is going to be a problem, and this is something that they experienced at different times throughout our economy, and it’s never been good. You have little growth, you have high unemployment, and very little demand, and your stagflation just sits there, and it just creates the fact that do I really need to spend money on that? No, you don’t. And you’re seeing restaurants go out of business at a record clip. Another one today on the border. Now I hate this place. This place was in Southern California. They had a location in Irvine, California.

You know, living in Southern California, we’re close to Mexico. We have really good Mexican food. My son talked about, you know, Mexican food in Massachusetts, what a joke it was, and I get it, but on the border is just S. It is just, it ends, the word ends with a T, and it was, it was crap. It had no flavor. It was horrible, but at the peak they had 80 restaurants. Now 40 of them, they just closed overnight. Shut them all down, and now do we file bankruptcy? Do we not file bankruptcy? Is this going to be the way to go? Well, they’re going to file bankruptcy right now to restructure their debt.

Again, is this going to motivate you to go out and buy the two taco platter for $25? No, no, why? Why do that? I’m telling you, you Brits that have sent me ways to save money when it comes to food and stuff, I owe you guys so much because I have saved a bloody fortune cooking. We buy food for the day, and it is the greatest thing ever. We don’t waste anything. If there’s leftovers, they get eaten, but you just don’t have a refrigerator full of food that I spent $500 on.

That goes bad. It’s the greatest thing ever. You go shop for your day. That’s it. Next day, fine, but you don’t go shop for two weeks. Well, who’s got the time for that, Dan? You’re a single guy. You talk about saving money and financial education in this channel. Do what’s going to save you money. If refinancing your house is going to be the thing that’s going to make the big difference in your life, go do it right now. Do it with a professional like that who’s going to go to answer your questions and make it so that she can tell you if it’s financially feasible because she’s not one of these people making a commission.

She’s one of these people that would say, this doesn’t make any sense for you to do this. Take a look at that stuff, guys. I’m always fascinated with what people do as far as the money. People go out and buy cars. When you look at the purchase of everything right now, from real estate to an automobile to everything right now, what is it going to cost to insure that car? What’s the gasoline like for that car? You have to go get premium gas. If you ever bought premium gas before, it’s about 50 cents a gallon more.

Oh, I never thought about that. Yeah, nobody does. Nobody thinks about that. They think about how great they’re going to be pulling out of their garage and nobody cares. So, let me know what you think so far. Let’s talk about our sponsor Patriot Gold Group. Let’s face it, guys. The stock market is reeling from the Trump tariffs and we are seeing warning after warning. Elliot Paul Singer said this is the scariest market he’s ever seen in his lifetime. But one thing that people keep talking about is experts are predicting metals to take off.

You’re going to see gold hit $33 to $3500 an ounce and think about this one. Silver could go $150 to $250 an ounce, some experts are saying. Where is the best place to buy gold and silver? Patriot Gold Group, guys. Number one rated for nine years in a row with consumer affairs. Call them today, 888-330-1431. You don’t want to call? Use the link below. Get a free investor guide. They will answer all your questions. But look at where the market is headed, guys, right now. The NASDAQ is in corrective territory right now.

You need to get yourself protected and the best protection is precious metals. No fee-for-life IRAs. 401K is backed by precious metals. But deal with number one rated Patriot Gold Group today. Contact them now before it’s too late. 888-330-1431. Let them know that Dan from I allegedly sent you. A few more things in the news that are kind of interesting. Walgreens wants to go private. They don’t want to answer to anybody. They’ve had a real problem with the opioid lawsuits that they’ve had. Theranos. You guys, you know, I’ll give you guys a little education.

Walgreens was going to be the company that’s going to use that Theranos machine. And when I got into the medical space, the first thing I learned was that the Theranos company was a scam. Before right when they started to teeter and go down. And what it was is you could take a drop of blood and you could do over 50 different blood tests. Which is mathematically and impossible based on science that you could you would be able to do this. Now, with that being said, you know, Walgreens was going to have these machines there.

Walgreens was investing. Walgreens was part of this company that helped fleece all these people. You know, Elizabeth Holmes, she’s still in jail and she is, you know, talking about how terrible the conditions are in prison. Okay. What’s his name? Sam Brankman Fried. He went on Tucker’s show yesterday and basically was giddy. I’m a Republican now. He wanted to let us all know. Okay. So it was funny. He made a list of scam things that if he ever got caught what he would convince himself to do. One thing that my daughter brought me to my attention this morning was that if Sam Brankman Fried ever got the feds came a calling that he would sit there and go on Tucker Carlson’s show and say he was a Republican.

So, okay, you got one more. It’s ridiculous. Okay. Guys in federal prison hanging out with Diddy. Okay. Now, with that being said about the Walgreens thing, who cares? Do you guys really care about Walgreens? These guys are having such difficult times right now. And next one, Walmart. I’m telling you guys, when you go to use your credit card any place, make sure you’re protecting yourself. This is something that either people like go, hey, you’re right Dan. I should worry about that or they just say this is so boring to talk about.

The number of people that have been scammed at Walmart lately because they people walk in and how do you do this? How do you walk into a store and install something over their credit card machine without them noticing that it’s you? Do they wear Walmart information? Is it an inside job? What is it? But there are scanners that they’re finding over and over and over again at multiple Walmart locations. Isn’t that wild guys? So protect yourself guys because with this economy we have to be concerned all about cutting your expenses.

It’s all about living a better life. And the problem with this is people are lazy. People don’t want to sit there and call and get a better rate on insurance. People don’t want to see what they can do to save money. They just really don’t want to do that. And it’s too bad because you know it’s your money and it’s gonna cost you but I think that when people start realizing they’re gonna make a lot less in the coming year you’re gonna do what you can do to save money. Now don’t borrow yourself out of debt.

That is impossible to do that. If you’ve got $50,000 in credit card bills and you refinance and you pay everything off and you get yourself a lower payment when you add it all up, that’s great. But don’t go out and be a debt hound and go out and borrow against those credit cards again. Cut the credit cards up, stick them in a drawer, keep one for a rainy day. But that’s it guys. I’m telling you, people, you know, it’ll fix. It’s gonna fix itself. It’s gonna fix itself. I’m one of the people that thinks it’s gonna fix.

Get fixed and the economy is gonna get better, but not now. It’s gonna be a year from now. It’s gonna be much longer than now. You’ve got Florida real estate that is absolutely tanking right now, absolutely upside down. Prices are dropping, people are desperate to get out of these houses and the one thing that they’re not desperate to do is lower the price of your homeowners association fees. These homeowners association fees and the insurance fees are through the rush right now. It’s funny, I was in Las Vegas and people are like, you should buy one of those condos, those high-rise condos.

Think about this, you can get a place in downtown Las Vegas for under 300 grand. It’s cheap. You got a guard, you got underground parking, you got everything. The only problem is you have an $1,800 a month association fee. Huh? Okay, where’s that gonna go? So you might as well give me the condo and just pay the association fee. You’re going to see such craziness inside of the real estate market right now. You haven’t seen anything yet, but I’m one of these people that thinks that prices are gonna drop. I’m one of those guys and I think that you’re gonna see a lot more activity with the banks.

When I talk to my foreclosure buddies, that’s all they tell me. Walk up pool. So let me know what you think so far and what are you doing to cut that? What difference are you making in your life right now to save money? Guys, I do it all the time. I do it all the time and I’m constantly looking at ways to cut costs. What are you doing? I’m gonna finish this video with these last couple stories. Have you traveled lately? What a nightmare that is. Now, one thing that’s nice is the TSA pre-check, being able to walk through that faster is great, but how about this one? American Airlines wants to change baggage and how you’re charged for that and what you can bring on board.

Now, coming back from my trip, there was a guy who brought a full-blown suitcase on the carry-on as his carry-on luggage and I’m like, how the hell did that guy get through that and say that’s his carry-on luggage? And his wife was giving him a hard time and when he pulled the luggage down, it smacked her right in the head and he didn’t say, oh, I’m sorry because he was a jerk, but I just thought, wow, they’re gonna stop this eventually. Sure enough, American Airlines is saying, you know what we’re gonna do? We’re gonna stop the carry-on thing because it’s total shenanigans.

You’re allowed, you know, one checked bag, one carry-on bag and one personal item. What’s the difference, guys? I don’t have a purse, so I use my laptop bag. That’s my, guess that that’s my personal item and then I can still have a carry-on. So, they’re getting rid of this. They’re gonna say, no, no, no, you’re gonna pay for this stuff. We’re not gonna have it to where you can bring, you know, a full-blown suitcase, your purse and your laptop and all this stuff online. So, kind of fascinating with that. Final, final story is people aren’t happy with the United States of America and recent study from study finds and I love study finds, studyfinds.org, guys, everything from health, society, all these different questions.

Two in five people say that they’re sick of the United States and they went out of here. Okay, go, see ya, bye. Okay, but what I get a kick out of is, I’m not unhappy. No, the people that are that unhappy are people that are not making money, people that are in debt, people that are really, really, don’t have job opportunities, people that have not created opportunities. You know, one of the most unsatisfied groups, think about this one, is people with college degrees that are worthless and these people went out and spent a fortune on their student loans.

And again, I have all this worthless knowledge floating through my head that almost 40% of all student loans are behind. People are not making the payments on time. Now, imagine you have a job that you have a degree for a job that you can’t get and again, don’t get a degree and think that this is going to be the thing that’s going to make you money. It’s not going to do it right now because you’ve got so many companies that do not require degrees right now and people are 80, 100,000.

I’ve seen well over $300,000 in debt before. Congratulations. Please don’t forget that we have a private channel called iAllegedlyLive and we just put iAllegedly.tv. I love doing that content because it’s uncensored and free, like tunnel vision. Anyways, please hit the like button, please subscribe to the channel. If you want to get a hold of me, it’s hello at iAllegedly.com. But you know, let me know what you’re thinking. I love the content that you guys send me. I love the new stories. Let me know what you guys are thinking about and I’ll see you soon.

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