Will They Go Out of Business? | I Allegedly

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Summary

➡ Dan from I Allegedly discusses how a federal judge has blocked the merger between grocery chains Kroger and Albertsons, citing concerns about competition and wage impacts. Meanwhile, Robert Kiyosaki advises investing in gold, silver, and Bitcoin, and selling other assets. Amazon is considering entering the pharmaceutical industry, potentially revolutionizing the way prescriptions are filled. Lastly, there are calls for reform in the Medicare and Medicaid systems to better support the elderly and low-income individuals.

➡ Private Internet Access offers a secure way to browse online, protecting your data and keeping your search history anonymous. Macy’s is selling off its real estate, including a flagship location in New York City, at a significant discount. Shopping malls are not as busy as they used to be, with many stores struggling to maintain inventory and offering fewer deals. The job market is tough, with companies like Boeing laying off staff, and job seekers are advised to focus on fitting into a company’s culture rather than bulking up their resumes with
irrelevant personal interests.
➡ A baseball player has been paid $765 million, which is seen as crazy. The speaker wonders if the player will spend more than $2,000 on Christmas and encourages viewers to like and subscribe to their channel. They also mention a Christmas card giveaway and ask for feedback on the story.

 

Transcript

Hey, it’s Dan. Welcome back. This is IAllegedly, and I’ve got a good one for you today, because I’m probably going to go out of business as a result of this. Merger was denied. A lot to cover today. I’m in South Coast Plaza. People have been asking, are people shopping during the week? And I’m about to show you that they kind of are. So please hit the like button, please subscribe to the channel. We have a sponsor today, Private Internet Access, which I will cover in a bit. But first things first, guys, a federal judge just blocked the merger between Kroger and Albertsons.

Unbelievable, guys. So they were going to form a $25 billion grocery chain, and what the judge says was, oh, we can’t have this. This is going to block everything. It’s going to ruin everything. It’s going to get rid of competition, and Kroger’s done all this since Kroger’s a bigger company than Albertsons. I didn’t know that. I thought they were really about the same until I started researching this. So Kroger, they’re saying it’s going to swallow up Albertsons. It’s going to ruin competition. It’s going to ruin wages. It’s going to ruin any bargaining power that anybody would have moving forward in the future.

Okay. guys, this is tragic, guys, because the grocery industry, we’ve learned through the course of the election how competitive it is, and that these companies don’t make the money that everybody talks about them making. So think about this. Kroger stepped forward and said, we will cut prices by one billion dollars. That’s okay. Wow, that’s amazing. A billion dollars in price cuts? Now, no big deal. It’s going to completely destroy everything. It’s going to ruin real estate values, which I don’t understand that at all. How a grocery store is going to ruin real estate values.

But here’s the thing. People that are out right now shopping, food is expensive. Albertsons, they anticipate, is 12 to 15 percent higher than Kroger is. Now, Albertson in Southern California is in some of the higher-end areas. So is it more expensive real estate, rent? I mean, you know, go buy an apple. Not the same price at every store. Go buy pasta. It’s not the same price at every store. Edge, perfect example, Diet Coke, whatever. The problem with this is that they’re going to sit there and blame certain things, and it’s going to destroy these companies.

Mark my words, guys. They had a 15-day trial for this. Is that wild to think about? 15 days to decide this and temporarily blocked. So I want to refresh everybody’s memory on something, because we talked about this lately, and you’ve seen a lot of bankruptcy talk over the course of the last month. And Spirit Airlines was going to merge with JetBlue, and it was going to make a stronger, more competitive airlines and airline, and they got it blocked. Now, see, I think things like this get blocked because people hate these companies, and if we could have our hand in it, and if you talked like two United Airlines, that guy that hates every other airline and talks about how they’re going to be in liquidation and Chapter 7 zone, that’s the perfect example.

So those two companies are definitely hurting right now. They’re not the same since that merger was called out. What’s going to happen with Kroger and with Albertsons? I think they’re done, personally. So let me know what you think, okay? Now, here is a prediction that we’ve heard before, but it’s been revised, and that is Robert Kiyosaki telling us that it’s time to sell everything. You should only be in three assets. You need to get rid of your home. You need to get rid of bonds. Get rid of, you know, all your stocks.

You need to be in three things, and that’s gold, silver, and Bitcoin. Now, he’s done this a lot, and in the four-plus years that I’ve ran this channel, this guy is, you know, basically once a year comes out, but this time, this time it’s different, because this time it’s going to happen, and this time you need to protect yourself and you need to protect everybody in your life by making sure that everything is sold, and he says, I own several homes, and none of them are assets to me. They’re all just houses, okay? Well, the average person thinks that their home is much more than just a house, and that is usually their big investment that they have, but what you’re going to see, and I do agree with them, you’re going to see a major switch with real estate right now.

Now, the mall has been freaking out, and it was funny because they were kicking other people out for filming, and I’m like, they’re not kicking me out. No, they kicked me out. So, anyways, we’re outside. I’m between South Coast Plaza and Crystal Court right now, but it’s funny. So, a few things to cover, and this is something, two things that are near and dear to me with the medical industry, and we had talks about how do you reform pharmaceuticals, how do you reform getting pharmacy and getting drugs to people. Now, the older I get, the more things that I need in my life, and when you need to go to the doctor, and you have a prescription that you have to fill.

Think about this one. What if Amazon took this over? Now, this has been talked about over and over and over again, and what if they took over the 100 most popular drugs? And I go, that would be good. Would it save everybody money? They’re saying it’s going to. What if you could get your pharmacy, your drugs, within hours? That would be great, too. Now, again, having somebody deathly ill in your home, and having, you know, to get, you know, when you’re on call with a doctor, and they deliver things, there’s ways that they can get things to your house immediately.

I’ve seen that, lived through that. Now, Amazon wants to be able to get you your prescriptions within a day with everybody, and they’re doubling down. They’re building a facility almost 100,000 square feet in Dallas, Texas to start this. So, will this be the thing that revolutionizes, you know, pharmacies? Let’s hope so. Let’s hope something works and speeds this up. Now, the other thing that’s a real problem is Medicaid, Medicare, all the insurances. You know, think about this. The majority of people that are old are poor, poorer people. They have very little savings.

They’ve got just enough money from Social Security to get by, if they can get that. And the problem that you have is, if somebody gets sick, and they go to the hospital, and they say, okay, your coverage is going to cost you $1,600, it might as well be $1,640 trillion, because they just don’t have the money. Now, again, we all talk about prep, preparing, and Medicaid, Medicare, and all the different things, and I’m not at that age yet, and it’s funny, in the last month, I’ve had to be, are you of that age you can get Medicare? I’m like, do I look that old? I guess I do.

Yes, I look that old. So, anyways, with that being said, they have to transform this somehow. You know, the talk of getting rid of Social Security is never going to happen. They’re going to have to do something because you’re going to have so many people that are broke, poor, and indigent on the side of the road. And I’m telling you guys, you’re going to have to make arrangements, and I tell all my friends this to plan. I just had a friend that had a cancer scare, and it came out of nowhere, and thank God it was nothing other than, you know, the trauma of that.

I just had a friend that had a heart attack. I’m telling you guys, take care of yourself right now. Plan. Get yourself ready. What happens if, okay? Now, you can sit there, and you can live the Robert Kiyosaki lifestyle. It’s done. It’s boom and doom, which is what you guys think I do, but I’m telling you, an ounce of preparation will make you live a much better life, okay? Correct me if I’m wrong. Let’s talk about our sponsor, Private Internet Access, VPN. A VPN is so important. It’s a virtual private network, and what it does is it gives you a level of encryption from any device that you’re on to any website that you go to.

For example, your cell phone, your laptop, your computer, your iPad, your tablet, everything. This is more important now than ever with all the numbers. Number one rated for a very good reason, Private Internet Access has been the product of the year for, I allegedly, for the last two years. Check it out, guys. Use the link below. Save 83%, and this is pennies a day. I always get a kick out of this, because it’s so simple to use. There’s no hardware to install, and the deal that I worked out with the company is absolutely amazing, where you get everything included, all your devices, on one account for one price.

It’s absolutely amazing. Let me show this to you. Now, think about this. No hardware, no extra things to install, no routers, nothing, okay? All you do is flip one switch. Now, think about this. It’s on my cell phone. I push one button, and I can go completely online and not have to worry about anybody getting my data, and I am completely protected. What it does is it gives you a level of encryption from your device to any website that you go to. So, when you go to your bank, you go to your pension, you go to your brokerage account, anywhere you’re protected.

Plus, your search history is completely anonymous. Check out Private Internet Access today. They’ve given us an amazing deal. They’re number one rated for a very good reason. Use the link below and check out Private Internet Access. Hey, look, I’m outside of Macy’s. Macy’s is having a huge sale right now. Isn’t that great? And the sale is that they’re unloading real estate right now, which is wild. Think about this. 422 Fulton Street is one of their prized flagship locations in New York City. They just unloaded this for $23 million. It’s $50 a square foot is what they sold the building for, which is a staggering discount considering that real estate in the area, when it’s given away, it’s $250 a square foot.

So, this is absolutely unbelievable that the Macy’s building, one of their flagship buildings in New York, and these four real estate developers got together, probably pulled the cash out of their pocket and bought that place. That is unbelievable, guys. That is unbelievable that you’re going to see this. Now, again, this holiday season, I have people, two people, that write me all the time. They tell me how everything is dead or everything is utterly fantastic. And, Dan, you need to understand how busy the malls are. Well, guys, I wanted to come up here because this is right outside of Nordstrom’s South Coast Plaza, and there’s plenty of parking.

It’s dead, guys. It’s not busy. Now, you can sit there and say it’s midweek, Dan. There’s nobody here. I get it, guys. But the idea with this is that the malls, they’re not as busy as they used to be. People are not as shopping. One thing that’s happening, everybody’s telling me, people in my life, friends, relatives, my girlfriends, I have all these items that they pick out. And then they go to the store, and we were sold out of those two weeks ago. And what we’re seeing is a lot of stores that advertise things where they normally may get five dozen of something, they’re getting two dozen of something, and they’re just not keeping the inventory because they don’t want to run the risk of not selling it.

But they’re also telling me that prices are back up. There’s no deals out there. So are there deals? Are there not deals? I love shopping at Christmas Eve, guys. I’m that guy. I love going out and getting stuff. And by the way, I’m going to thank you guys for everything you’ve sent me, all the cards, the Christmas cards, and the thoughtful letters, and the gifts, and everything you guys sent me out. The address is below, again, if you guys ever want to do that. But I really appreciate that. It’s very, very thoughtful that people take the time to do that.

But again, the Premier Mall in Southern California is dead, guys. Come out here. Come shop. It’s no big deal. So this is the bridge between the main mall and Crystal Court. Now, a couple things. Boeing talked about how they’re going to lay off 10% of their staff. They’re not messing around. In Washington state right now, guys, they are unloading another 400 people for the holiday. Merry Christmas, guys. You get to go look for a job. How many airplane builders are there out there? I don’t know. Probably a few, but hopefully you’ll find a job.

It’s terrible, guys. It’s absolutely terrible. Now, here’s something about a job that listen to this. This is something story below on this. You need to bulk up your resume. And I’m like, bulk up your resume? What’s that? You need to tell people how you’re into fitness, and how you run marathons, and how you run half marathons, and how you’re into the baseball lifestyle, and you like to get in fitness, and you like to work out at the gym. I am telling you guys, I have never seen this work for anybody, ever, ever, ever, ever.

Now, maybe times have changed, and you get impressed that somebody likes to be a gym rat all the time, and they want to work out. To me, it showed a lack of drive towards the company, because what they want you to do is they want you to work at the company 24-7, not on your body, and not in your physical looks. So I’m telling you, I had a job once, it was this close to getting it, and something I put on there, and something I said to somebody was that I love to coach my son’s fall ball team.

And somebody said, this guy’s into travel ball, which is, if you guys know, you know. And that is, you sit there, and you get your kid hopping on a bus and drive 500 miles to play a stupid baseball game, and these kids, 99.9 of them, will never, ever get into the major leagues, or college for that matter, but they do that. They pulled me aside and said, listen, we want to know the extent of baseball, how many days a week do you do this? And I could do it Saturday. Saturday morning, we have fall ball, there’s no practice, you know.

So, that being said, I don’t think it’s going to work for people. And again, does that interest you? Oh, I love to enter, you know, cooking competitions. I mean, who, does that really click? The people go, yeah, that’s the guy we want. I don’t think it does, guys. Let me know, let me know if you think I’m right or wrong or whatever about this, but I just think bulking up the resume, I think, is ridiculous right now. I’m telling you, people are getting more and more precise with who they want to work with.

And they, it’s more important that you can fit into the culture of the new company and not be a headache. I think that’s the most important thing right now. So, let me know what you think. And, you know, do you bulk up the resume? Read the story below. I always tell people that. A couple quick things I want to interject here, and that is, could you imagine seeing this when you walk into a restaurant? This is from the management. It said, do not think of ordering food if you’re not going to leave a minimum 25% tip.

Who would eat there? Who would agree to this? I don’t even know if this is real. BJ sent me this, and I appreciate it every time you guys send me stuff like this, but that’s insane, guys. I’d love to know what restaurant this was at that said that. And also, Cracker Barrel issued an apology to all those disabled kids that they turned away. So, again, won’t beat me Cracker Barrel anytime soon. Too little, too late. And again, hey, listen, you don’t understand. We just didn’t have the accommodations. We shut one of the dining rooms down when they called in advance, and we didn’t have the ability to have this large group of 18.

No one believes it. No one believes them. So, read the story below if you want to see that. I love walking in this bridge. This is, again, South Coast Plaza to the other side of South Coast Plaza, which is what they call Crystal Court. And I’m going to end this video with these last two stories. And the first one, they say, how much are you going to spend on Christmas this year? And I was like, wow. Well, we talked about how Thanksgiving was way down, but they think that because of the election, that people are going to spend more money this year.

They don’t have any money, so I guess you’re going to borrow it. But the average person, think about this, is going to spend $2,000 on Christmas this year. So, isn’t that wild? That’s a lot of money. Two grand on Christmas. So, an expensive world out there. How much are you going to spend? You’re going to spend $2,000 on Christmas gifts for people? Now, here’s another great story, and that Lakia Spicer, she is Mike Tyson’s wife, and she, they say, is attributed to finishing Mike Tyson’s career and having him step down. No, Mike Tyson finished Mike Tyson’s career.

It had nothing to do with Jake Paul. Mike Tyson didn’t perform at the $20 million payday, and now if they can live a comfortable life, they will never have to work again. And Mike Tyson, you just go, hopefully, go back to being Mike Tyson again. And again, what do you think about that? Because I’m telling you, these athletes, Juan Soto was a Yankee. He was the Padres before that he did a year of the Yankees and went to the playoffs and blew it. Moderate outfielder, guys. Decent, I think he did, don’t even think he hit 300 this year, like 285 or something.

Good home run hitter. They just paid that guy $765 million for playing baseball. It’s insanity, guys. That’s insanity. Do you think he’ll spend more than $2,000 on Christmas? Again, my address, Mr. Soto, is below. Please hit the like button. Please subscribe to the channel. Let me know what you guys want to see. Remember the email list. Sign up for it, because we’re going to announce a Christmas card giveaway, year-end giveaway. We’re getting it all set up right now. Hello at iallegedly.com if you want to send me anything, and I’ll see you guys very soon.

But what do you guys think about this? I’m not blown away by that, but read the story below, and let me know if you’re going to participate in the $2,000 Christmas. OK, I’ll see you soon. [tr:trw].

See more of I Allegedly on their Public Channel and the MPN I Allegedly channel.

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