Episode Transcript
[00:00:35] Speaker A: Well, guess what we've got. Price tag.
[00:00:41] Speaker B: Okay, coconut man, moon heads and pee.
You ready?
Seems like everybody's got a price I wonder how they sleep at night when the sale comes first and the truth comes second just stops for a minute and smile why is everybody so serious? Acting so damn mysterious? Got shades on your eyes and your heels so high that you can't even have a good time everybody look to the left everybody look to their right can you feel that? Yeah, we're paying with love tonight it's not about the money, money, money we don't need your money.
[00:01:31] Speaker A: Hey, everybody, welcome to money and change right here on WTRM radio or trimradio.com and worry. We are worldwide. Believe it or not, we are. And we've got a lot of stuff to talk about tonight. So much. So I was going through a whole bunch of stuff right up to the beginning of the show, and things are constantly changing, and you need to be appraised of a lot of the stuff that's going on. But before we get going here on money and change on trimradio.com, we have to do a disclaimer. And the information contained in this presented material is from the posting of news agencies on the Internet and are not necessarily the views or opinions of the owners of this program.
Nothing in this show should be considered legal, medical, financial, or investment advice. You should always do your own research and consult with professionals. We are not responsible for and expressly disclaim all liability for damages of any kind arising out of use, reference to, or reliance on any information contained in this broadcast.
You know, we always do shout outs at the beginning of the show, always, because we've got a lot of people we know out there that have good shows, whether it's not whether or not they're on YouTube or whether or not they're here on trim radio. And so a big shout out to the Trim radio network for carrying the show. And big shout out to Michael Bayhas and also Victoria Smith and Roscalis. Steven, also check out all the shows. I mean, when you take a look at everything that we've got that are available, it's great. We have Victoria Smith with the Natural Marketer podcast. You want to learn how to do marketing. She's the person to talk to. And of course, we have my world live laughing. Whatever. We have, of course, money and change every Sunday at 07:00 we have a tongue tied tonight for some reason. All this stuff that's going on, it just gets to me. Guys, sorry about that. But the adventure awaits around the bend. We also have ranch it up with Tigger and Beck. We have life walk with Christ, God with Michael Bayhas. We have the money and change show, of course, every Sunday at 07:00 p.m. we have the take point 22 radio show. And during football season, we have the Slobberknocker talk. We have offsides college football top 20. We have the Nixie top 20 music.
Good show. You gotta listen to that. We've got, of course, my world live laugh and whatever, every Wednesday night live right here on WTRM. And we have Roscala's red pill reality show. And he always says, you can either take the red pill or the green pill. Well, sorry, Roscala, I like the green pill. So, you know, he hasn't found that yet. I mean, I keep asking for a green pill. He hasn't found it. Maybe one of these days he will find it. Well, hey, you know how to help us stay on the air, because, you know, we go worldwide, buy the merchandise, go to the shop now, button, hit that button. Go in there and look at the merchandise that we have, and you can do it. We're open 24/7 with payments by credit card or PayPal. And, you know, we'd be really honored if you'd purchase any of our merchandise and spread the word about trim radio network.
And we're a digital radio station and a video streamer, and we use streamyard. And we've been doing that for about six months right now. And we love it. It's fantastic. But to keep us on the air, hey, buy the merchandise. What do we have? A lot of stuff. We've got the insulated water bottles, we've got mugs, we've got hoodies and shirts and everything else. Just go to the shop now, page, hit that button. If you find some merchandise that you want, click on the button. You know, buy the merchandise. The money that comes in from people buying our merchandise goes directly into paying the bills.
I don't charge for doing this show.
Michael Bayjas doesn't charge for doing his show. A lot of us don't charge. I donate every year for a BMI music license, which is not cheap, and I like to cover that. And all of our music is covered by the BMI music license. And so if you hear us talk about sometimes people are saying, well, no, they own the rights to it. Not according to BMI. We've paid that license. And so that's why we can play that music.
And you heard from a lot of different people just, I'm getting tongue tied tonight. There's so much stuff going on, and we've got so much stuff to cover. Well, anyhow, guys, you know, check us out. Buy the merchandise.
And if you want to do your own show, all you have to do is contact us. You know, there's a little hello button down on the right hand side. It says, we respond immediately and they do. And all you have to do is type there and hit the send button and tell them you want to do your own show. And you can do a lot of podcasting this way. And I do two shows podcasting, and I know Michael does a couple and Roscala does a couple, and we have fun doing them. But we want to get the word out because the reason behind the trim radio network is we cut the bull and we serve the truth. And that's it. And that's what we want to do. We want to be able to help people. And so that's why we do it. Okay? So check it out. Buy the merchandise, listen to our shows. And if you want to do your own show, hey, contact us. Okay.
Well, there's a lot of posting that I've been doing lately on our Facebook site, and that's money and change slash financially prepped. You have to check that out. But before we can go on, I've got so many more shout outs to do. The University of Findlay at www.findley.edu. it's located in Findlay, Ohio. They will be merging with Bluffton University, and Bluffton University will be actually part of University of Findlay.
And it'll be interesting because they will participate in NCAA Division two and three.
And three is for a smaller school and University of Finley is a larger school. And they're in NCAA Division two. They're very good. They've placed 19 track and field people on the national loose. Matter of fact, I have the printout here and it's the US TFCC A, which is the outdoor track and field championship. Whoo. It's a lot of stuff to cover, but they had 19 people. Okay, first team all Americans. And that's coming from a school about the size of 4000 students up in Finley, Ohio. They've had very good women's golf this season. They've had good track and field. They've got a really good lacrosse team. I mean, and they play football and basketball too. Baseball. Check them out. The University of Finley in Finley, Ohio. Www.findle.edu. also check out rusty Ducks custom pens. If your organization wants to give an award to maybe an outstanding member. Or you might have a church and you might have a donor to the church or you want to pat the minister on the back. You know, for a really good sermon, check out rusty ducks custom pens. It's r u s t y d u k apostrophe s, custom pens and blanks.
Both Michael Bayhas and I have those pens and they are fantastic. They're all custom and they are beautiful. They're on a cross pen platform. And Phil over at Rusty Ducks custom pens, he has his Facebook page, but he does a lot of work. And I'll tell you what, if you want custom work done, he will do it. He does a fantastic job. And he's sent pens also down to now my eyes are itching. What's going on here? Oh my God.
Somebody must be bugging me about finances, which we've got to get into. Anyhow, he does an excellent job. He sells a lot of pens down to Disney World, Florida, and he goes to different trade shows. And he sent pens over to a trade show in Japan a couple years ago.
He's busy, trust me, very good craftsman. And the work that he does is phenomenal. Anyhow, it's rusty ducks custom pens and blanks. Money and change. Check us out. Every Sunday night we're going to be live unless I play a concert. And I've got five concerts to go this summer. And so during those times, you will get an encore edition of money and change.
And so we'll cover a lot of information on those shows, too. But you want to check us out also. My world live, laugh or whatever. Those shows are always live shows. I have no commitments on Wednesday night, so I can go ahead and do that Wednesday night at 08:00 p.m. we can talk about anything we want to talk about, and we have fun doing it. We kind of joke around. It's time to kick back and enjoy stuff, you know.
Also check out the big family homestead with Brad and Krista. They're out in the middle of Wisconsin, and they're talking about a lot of stuff that's going on in the world right now, and you really have to listen to them. Also check out the deep south homestead with Danny, Wanda King, and they're down in Wiggins, Mississippi. And Danny has porch time, which will be recorded today, and it will be played back tomorrow or Tuesday on YouTube. And he'll probably talk about the financial crisis. He'll probably talk about stuff that's going on in the world. He might even talk a little bit about growing crops which everybody ought to have their own garden.
Also, check out prepper southern. Prepper one.
And that's Dave Kobler. I've known Dave for 15 years. Fantastic guy. He talks about the economy with boots on the ground. He does a lot of different things. And he's a fantastic guy. Very easy to talk to. And I'll tell you what. He lives in South Carolina, almost on the North Carolina border.
And he was a member of a volunteer fire department. I believe it was the pumpkin Patch volunteer fire department.
I never knew they had that type of a name, but it does exist. I actually checked it out on Google Earth. Pumpkin patch does exist, and so does Dave Kobler. Also, you want to check out.
Here I am getting tongue tied again. Holy cow. Appalachia's homestead with Patara.
She's down around the Knoxville area. And she talks about a lot of different stuff that's going on in the finance world.
Also with things going on on her farm and just society in general. And, boy, I'll tell you what, she's been noticing a lot of different changes at a lot of different stores with costs going up.
And a lot of homeless people now migrating into the Knoxville, Tennessee area that they never had before.
And she's concerned about that. And she's just a good person. I have not met her. I've corresponded with her a couple of times, but I don't know the people like, you know, Brad and Krista. I've known them for years. Danny, Iwana King. I've corresponded with them. They're great people.
Dave Kobler, southern prepper one, like I said, over 15 years with him.
And then there's prepper princess.
Yeah, she's a self made millionaire. Actually, the technical term would be millionaires, but she's a self made millionaire. And she lives life very simply.
She watches how she spends her money.
She's very frugal.
And I'll tell you what, if she was holding a dime in her hand, she could probably squeeze a dollar out of it. That's. She's excellent person. Very good. And she's out in California. And so, you know, a lot of places to check out. Now, if you really want to get into radios and communications and things like that, as well as maybe having a small gardening plot.
Check out Dave Gilmore on LDS prepper. He's on YouTube. David's been around for both years. He's done over 600 videos. Can you believe that? 600.
And the one thing that he got me involved in was GMRS radio.
And, you know, if you want to talk to people around your town or your relatives or whatever, you can do that with the GMRS radio. Now, I have several, and I paid my $35. I have my call sign, and I got that from the FCC.
And did I have to take a test? No.
And that license is good for everybody in my family.
And I can sit here where I live and talk on my GMRS radio, and I can talk 35 miles away, I can hit a repeater in Dayton, Ohio, and I can talk for a longer distance than that.
And you meet all kinds of nice people out there and they give you all kinds of hints on how to actually communicate better. And there are different servers and different types of repeaters out there that if you know the codes to get in or the tones you can get in, you can talk to a lot of different people all over. So if I go on the road and I want to talk to somebody in Dayton, I can use the Dayton repeater, I can use the Springfield repeater, the Greenville, Ohio repeater, I can use the Sydney, Ohio repeater, I can go up to Lima, I could use the one up in Findlay, Ohio. And I've got everything programmed in there for the ones that I want to use.
And this fall, if I go down to Athens, Ohio, I will take a radio with me and I will be hooked into the Lancaster repeater.
And I always talk about Athens. I'm going down to Ohio University to their homecoming game, and I always get tickets for that. And so I've got everything planned for that. And this will be the 55th year since I was in the band down there. And we were the original group that started the marching 110. And so I look forward to that every year. One heck of a big parade. And it's a fun time. It is a fun time. And of course they have souvenirs. Okay, but that's, that's the fun time. But I take my GMRS radios around and I have fun with it. And like I said, I can sit here in my computer room and I can talk to somebody in Dayton, Ohio, no problem.
I mean, it's really great. So it's a good thing to get into. And that's David, and he's lds. Prepper David Gilmore, ldsprepper.com. and you on YouTube, you really want to check him out. He's a really good guy. And he knows quite a lot about prepping. He knows a lot about communication. And he's very helpful. He is very helpful. Wow. So much for the pats on the back here with the shout outs, because they do good work. I just have to give shout outs to everybody because, you know, I mean, if. If somebody does something good, I want to say, hey, this guy did something good. Or this, this lady over here had a really good talk on being frugal. Okay. Living beneath your means. You've heard me talk about that a lot.
You don't need to have Netflix. You don't have to live a fancy life to save money. And right now, you know that we have to save money. Okay, I posted some things on our money and change slash financially prepped page and we're going to get into some of that daily hotel. Hodl.com had an article there. $517 trillion in unrealized losses hit us banking system. FDIC says 63 vendors or lenders on problem list.
Yeah.
Do you know what's going on with your bank? You want to check them out? Okay, that's all I'm going to do. We're going to get into that in a little bit.
Something happened that I posted yesterday.
Somebody posted something on Twitter which is now called x, and they were talking about the us petrodollar. And if you remember right, the petrodollar basically came about after world war two. And some of the finagling, financial finagling say that 50 times. Hey, the US was going to say, okay, everybody's going to buy oil, but they're going to use the us dollar to do it. Well, guess what? According to some reports that I read on Twitter, June 9, which is today, is the end of the petrodollar.
And the article, and I have to really read it to you because it is. It's not that lengthy, but it is very important.
Basically, the article came out and it said, the petrodollar, a 50 year old agreement between the United States and Saudi Arabia is set to expire on June 9, which is today.
This pact has been the backbone of the global economy, with the us dollar being the primary currency used for international oil transactions. The end of the petrodollar could have a significant implication for the global economy, financial markets and individual investors. Okay, so what is the petrodollar? Well, the petrodollar is a system where oil producing countries, led by Saudi Arabia, agreed to sell their oil only in us dollars. This has made the us dollar the global reserve currency as countries needed to hold dollars to purchase the oil. And the petrodollar has been the foundation of the us dollar's value and has allowed the US to maintain economic dominance.
So what happens today?
It actually probably happens tomorrow.
But on June 9, the petrodollar agreement is set to expire. This could lead to a significant shift in the global economy as countries may start to use other currencies such as are the yuan or euro or another currency for oil transactions. This could lead to a decline in the value of the us dollar and potentially cause inflation.
Loss of value in the us dollar and cause inflation. In other words, if you go out to get yourself a pack of gum, and if the pack of gum was $0.50, who knows? In a couple weeks it could be fifty five cents. Seventy five cents. A dollar. Okay.
Because the value of the us dollar is going to decline.
Now, this is just this one report.
We don't know if this is 100% accurate other than June 9, that the agreement is going to be null and void.
Well, here are the possible consequences for that. Currency fluctuations. The end of the petrodollar could lead to a decline in the value of the US dollar, causing inflation here.
Commodity prices. A shift away from the us dollar could lead to fluctuations in commodity prices, including oil, gold and other precious metals. And we've already seen gold moving up as well as silver.
People are trying to hedge against calamity, investment opportunities. The end of the petrodollar could create, well, problems.
So what do we expect?
Well, while the end of the petrodollar is a significant event, it is essential to remain cautious and not make any impulsive investment decisions. The global economy is complex and the consequences of the petrodollar expiration is still uncertain. Okay. It's crucial to say to stay informed and adapt to any changes that may arise. So, according to this posting, the conclusion is the end of the petrodollar on June 9, which is today, is a significant event that could have far reaching implications for the global economy and financial markets.
The global economic implications? Well, hey, the end of the petrodollar could lead to a shift in global economic power dynamics, potentially benefiting countries like China and european universe countries. I'll get this right.
And, you know, it's going to happen. There's going to be different dominance. Some people are saying, well, everything is shifting to China. Well, China's got a lot of financial problems of their own. So does Japan.
And our problems, like I've said for the past, oh, five years, our problem is hedge funds and derivatives banks make their money by deriving money from interest and other things. Like if you go to a bank and they say, okay, there's a fee for processing your checks, there's a fee for your bank credit card, there's a fee for free newsletter. There's a fee for this, that and the other. That's a derivative, basically. And then you have hedge funds, they take your investment, your money, and they invest it on the stock market or other types of bets. They're betting with your money.
And with the Glass Steagall act, they never had that, and that expired. I don't know what was five years ago, banks could not used your money to gamble with basically with a hedge fund.
So that's, that's a problem there. So that's how they make their money. And sometimes if the hedge funds don't do well and they have a lot of bad picks, you know what happens? The bank's out money. Whose money is it? It's yours.
Okay, so we've got that stuff going on with the globe, global economy. It's going to hit everybody.
Could we have a world wide, another big tongue tire here. A worldwide recession. Yeah, maybe. We've been in one for the last five years.
Take a look at how the interest has started to go up. Take a look at the housing crisis.
If you take a look at all of that stuff, we're in trouble.
And if people live frugally, they'll get through this thing.
But if they're spending money like no tomorrow, and sorry, Netflix, we don't need you. Oh, gee whiz. Cable tv. Oh, we can put up an antenna and get it for free.
We can shop around for gas prices. We can go to different stores and shop the different prices to see what the best ones are. Okay.
Anyhow, this comes from pendulum habit at x.
So that's what's going on. Also, I posted the FDIC confirms banking crisis.
That's one to follow. But they're not listing the banks that are in trouble.
But what was posted was FDIC. It's a YouTube video. 63 banks of the on the brink of collapse. But the problem is much larger. You have to watch these videos that I posted. I wouldn't post them up there if I didn't think they were important.
Also, prepper princess, how to live on less.
And it's YouTube.
Check it out. Just click the link. Just go to our page. Click the link and watch the video.
Have you ever tried Keystone meats?
You know, I can go to Kroger's or I can go to Wally World, better known as Walmart, and I can get cans of meat.
And Eric and his daughter's up in Michigan. We're talking about Keystone meats on goshen prepping. And I'll tell you what, Keystone meats we've tried them for a fast meal for a group of people. We can do beef and noodles in hardly a minute's noticed at lodge to feed 1516 people. No problem. Just get out the Keystone beef with the Keystone chicken. You can do turkey too. They make that or pork. And you can go ahead and fix up pork and noodles, beef and noodles, chicken and noodles, turkey noodles, whatever, for a large group of people. And that canned meat lasts quite a while. Just don't dent the can, you know, just check out the can so it's not bulging or anything like that. And it, it could be good for maybe beyond, maybe beyond five years. There's a date on it and that's good by day, but you could actually go a little bit longer on that. Just have to watch out for the condition of the can.
There was one that I put on the max Mac ostrophy s and this guy that's on there is really good. And he's very calm about doing things. He's recent and he said FDic issues. A massive warning to the entire US economy and all Americans. This is dire.
Go to our website, click on that link. Okay. Check those out. I don't put them up there for nothing.
I've seen every one of them. I do a heck of a lot of research so that you guys don't have to. And if you want to, you can check, check it out further. Okay. But that's on money and change slash financially prepped.
Whoa. Um.
How about big food? Bigger conspiracy. I just posted that.
And food has gotten big. Literally. You walk through the produce aisle of a 21st century grocery store, it would enthrall people of any historical period other than our own. The size of tomatoes and heads of lettuce is unprecedented in the history of humankind. According to the report from Schiff Gold, in just a few short generations, we have become accustomed to increasingly genetically modified food.
Now, way back when and in the, probably in the twenties, thirties, forties, even fifties, we never had genetically modified food.
And lately they've been playing with it much like they did with viruses, if you remember that.
Well, anyhow, the new food is much more tasteless.
You know, you get a hothouse tomato in the spring and it's red, it's juicy, it's big, but it doesn't have the taste that a homegrown tomato has.
You know, you can go to a farmer's market and get really good produce and it's a lot better than what you can get in the big supermarkets for the most part.
And there's nothing like a really good tomato, a really good cucumber. Radishes. You know, I, I experimented a couple of years ago and I actually grew some radishes.
I hate to brag, but they were this big around. I mean, a good two and a half inches across, some as much as three.
And they were delicious.
And I added magnesium to the, to the soil and a few other things. But man, these, all those radishes were fantastic. They weren't hot, they were sweet, delicious.
You know, we've got a free market economy basically, but we all fall victim to some types of fallacies as far as growing food and we have to inject things into the food. Oh, we'll keep the bugs from eating the, the vegetables or the fruit.
Well, bugs have been around for thousands of years, millions of years, and they've been eating on fruit, but now they want to try to inject stuff and change things chemically.
You can read that report on zero hedge. It's big food, bigger conspiracy.
Okay, it's done by schiff. Schiffgold.com. check it out. Also, soaring coffee prices forced folgers owner to increase supermarket prices.
And this was also in zero hedge and said Arabica and robusta coffee bean prices have been soaring this year due to supply crunches hitting some of the world's top bean producers.
It was only a matter of time before higher bean prices impacted the major us food brands, forcing them to announce imminent price hikes at the supermarket.
Well, on Thursday, the company, the company, which was Folgers, revealed in an earnings report with prepared remarks from the management about the imminent price hikes across the coffee portfolio. It said the coffee category continues to experience commodity volatility over all meaningful inflation in response to recent higher green coffee costs that we beg to incur during the first quarter. We are talking a list of price increases across parts of our portfolio in early June so you can anticipate things to get more expensive.
And the report later said, in translation, supermarket prices are for coffee, especially jam. Smuckers brands are set to move higher, if not already, thus raising the food inflation for consumers.
And they said, meanwhile, the POTUS is PR team and his party pushed the narrative that inflation is a function of corporate greedflation.
Well, they got to pass the cost on. They can't take a loss and a lot of them just only make a couple pennies beyond what the final finished goods are, inflation. We're going to experience it. And with the dollar dropping in value and I'm guessing it could drop another 40% from where it is now, or it could get worse. So you better have a garden growing it in the back.
I doubt if you're going to be able to grow coffee beans, but you will be able to do tomatoes and other vegetables. I've got zucchini squash. I've got to get that planted.
I've been late this year because a lot of it's been weather.
Mickey D's. Oh, do I have something for Mickey D.
McDonald's. There was a report, 10,000 California fast food workers fired thanks to a $20 minimum wage.
Nearly 10,000 California fast food workers have been fired thanks to the state's new $20 minimum wage, according to the California Business and Industrial alliance, the cabia, which slammed the governor, Gavin Newsom, for the law, which went into effect April 1.
Yeah, people have to make more money because of the inflation. Everything's going to creep up, but then the business can't afford to keep them, so they have to do more with less, a reduction in force, and then they don't have people to work the jobs that they need.
So when you go to McDonald's anymore and you have a kiosk and you go up to the kiosk and you go ahead and punch in what you want, and then you go ahead and pay your money into the kiosk, then somebody brings it up to the counter and you get what you ordered.
Maybe you ever go into a restaurant, you order things, and you don't get it the way you wanted it?
You know, a friend of mine wanted to order a sandwich, and he wanted some onion on it. He said a slice of onion would be great. Did they give him a slice of onion? No, it was all diced.
Well, it was onion, but it wasn't what the guy wanted.
A lot of stuff like that runs in restaurant situations. For example, I was up at Salina, Ohio, up at Grand Lake. They call it Lake St. Mary's, but it's Grand Lake. And I was eating in a place up there, and I just got a tenderloin sandwich, fries, and a drink. That's it. My friend got a sandwich and fries and a drink.
We got the bill. I just about had a heart attack. It was $35 for two sandwiches, two fries, and two drinks. $35. Welcome to inflation. Will I go back there?
Probably not. It's getting too expensive. We did have a good trip.
But I want to tell you something.
It's expensive, and a lot of prices are going up. And so I really got to watch, you know, where I spend my money. I have to be frugal like proper princess.
But she eats in a lot. And sometimes I like to get out of the house and get out and see what's going on.
But this whole thing with COVID started this mess. And are we going to be able to get out of it?
I doubt it. So we're going to have to suck it up. When it comes to inflation, the value of the dollar is not going to be there.
People are wanting to make more money so they can buy the food that they bought before you go to the grocery store. Hey, remember what $50 would get you back in maybe 1950, 1960, even 1970, you get a whole cart or two carts of food, depending on those years, and then you start going. Now, I mean, I'm in line at Wally World, better known as Walmart, and a lady is getting one cart of food and she puts it on her credit card. And it was $300 in that one cart of food.
Yeah, it was filled full of stuff.
But $300 for a grocery cart full of food?
It depends on what she had in there. But I'll tell you what, $300 back in the fifties, sixties and seventies would get you a lot of carts of food. I want to tell you that it's inflation, and we've been living with inflation from really the 1970s on.
Look at the size of the candy bars.
Shrinkflation. They're getting smaller. The packages look about the same, but they actually weigh less. They're smaller candy bars and we're paying more for them. The same thing with boxes of food. Check out your cereal. You're paying more for cereal and there's not as much in the box. It looks like it's a larger box. But I'll tell you what, you can take and shrink that down just a little bit and save quite a lot when you're talking millions of boxes being sold.
I noticed that I bought some outreach popsicle bars, fruit bars. I love them. They're fantastic. The problem of it is the original ones were a lot bigger. These are a lot smaller, different packaging and smaller.
They're good. I mean, they're a lot better than a lot of things. And they're all fruit.
They're really good. I mean, they're addictive. Well, anyhow, so much for my addiction for fruit bars. Anyhow, law K. Chung in Epoch Times wrote an article about us wage price spiral is still persistent, and he said the persistent inflation poses difficulties for both policymakers and researchers. However, this is not anything new, and it has already been well documented since the era of John Maynard Keynes in the 1930s.
And law. Kei Chung ran a few analyses, regression analyses using the full sample of us core CPI inflation, excluding food and energy data, and found various forms of autoregressive AR models, resulting in quite long statistically significant lags. In one version, the fourth to 12th lag terms were all significant, suggesting inflation persistent could last for almost a year, probably more. I was watching a video that was done by Sergei Bakliov.
He tours stores in Russia. There's another one that Dan. She. Cause s h e e k o z does the same thing. They go shopping and they look at the prices of things, and they notice that the food prices have gone up.
Now, their numbers, they don't put the decimal in, they just show 399, which roughly equates to $3.99 us according to when they do their shows and so forth. It's quite interesting to understand the prices in Russia versus the prices here. What do they have in the stores? They have just about the same things that they do here, even with sanctions.
But they're experiencing inflation, too. The whole world is. It's gone crazy.
Do you know people aren't spending as much using their credit cards anymore? There was an article that came out.
Oh, I'm trying to figure out the consumer credit came out, and they talked about credit card debt, and it's. Well, it's first since COVID crash. The credit card aprs hit a new all time high, and as a result of the interest going up, people are spending less.
But I still see people go into Wally World and they use that credit card, and boy, I hope they pay their bills off, because if they don't, they are going to be in trouble. Really?
Well, you know, I talked about the daily. Hodl. Hodl. With the $517 trillion in unrealized losses that hit the banking system.
Case in point, a house down the street from me, the person took out two mortgages on the house.
Then there was a financial problem, and they took out. They combined everything into one mortgage and put it out for 30 years.
Finally, the bank said, no, that's not going to work, and you haven't paid your payments, you haven't done this, that, and the other. So the bank is going to foreclose, and we are going to sell the property. And you have so many days to move.
All because they didn't use financial constraint or restraint.
The problem is they live beyond their means.
They were good people.
Oh, but we needed that new motorbike, you know, brand new Honda deal, $23,000. Okay, we'll put on a second mortgage. Oh, we wanted another new car. Well, we'll put that on there, too.
What are they thinking?
Obviously not much. Well, banks get caught with things, and the banks lost money on that house, or they're going to lose money on the house.
If they repossess the cars and the bikes and everything else, they're losing money.
They won't recoup what they originally wanted.
And that's happening more and more and more across the United States. Get out of debt. I've said this for ten, maybe 15 years.
Pay down your debt, put some money aside. Buy long term food. Make sure you have your medications. Make sure you can purify and store water.
One of the reports I was listening to on YouTube, they were saying something bad is going to happen, and when it does, you better have a couple of weeks worth of water, at least a couple of months worth of food. You better have this, that, and the other. Make sure your car is gassed up.
Make sure you've got spare money, cash.
Because the credit card machines may not work. The bank teller ATM's may not work.
I used to call it the plastic goddess. You put your card in, you pray that you have money.
Oh, it's something else. But this is going on, and the banks are taking a hit. And like I said, there were rumors that 63 banks are in bad shape.
And the FDIC isn't going to tell you which 63 banks, they could be small banks or they could be large banks, but they're not going to tell you.
So you better know your banker. You better know how much money you've got in the bank. And keep a constant count on what you have. Make sure that you have some at home or in a safe place, a lockup box or safe whatever. Make sure you have that there. And also, just my advice, take a look at the precious metals, because if you get gold and silver, it's a hedge against calamity, okay? You have value there.
And some people say, well, I can't afford a big bar of gold. No, it's too heavy. You can't keep it in your pants. You can't put it in a purse. You won't be able to put it in your wallet.
It's too heavy.
You can get a 110 ounce size coin for about $300. That's what they're going right now. And you could go to different places and get those coins. You have to shop around, you know, AP M E x silver.com.
oh, there's a host of others. Just do your own research and make sure that they are a reliable company and they have a secure shipment.
Okay. Nothing that says, oh, here's from the us mint coming through the us mail. No, they don't do that. It's usually unmarked boxes. You don't know who it's from, but it's your address and those boxes are hard to open.
And so, you know, you want to check out that situation with the different companies, but it's good to hedge against calamity. Now, what happens if you can't afford gold? Well, you can get silver rounds. They're about $35 a coin, 1oz round of silver and $35. Actually, manufacturing wise, silver has more value than gold, believe it or not, because silver is used a lot of things, especially in solar panels and a lot of electronics. Okay, so you want to check that out.
Oh, wow.
There was a report that was out. Hedge funds are cautious, like I said, with the banks. Remember I talked about hedge.
Hedge funds. The market year had report and it said under the surface there have been some degrossing of 5d gross flows at -1.1 sigma. What's that?
It just means that the hedge funds aren't performing the way they're not winning their bets. And so now they got to pay out. That's what it looks like. They're not winning, they're losing. Okay.
And when you lose your bet.
Yeah. You get clobbered and you still have to pay out money. Okay. Gambling with other people's money is not fun.
The FDIC problem, bank list. Well, it's out there. We've talked a little bit about it. It's a confidential list published by the Federal Deposit Insurance Corporation, the FDIC, every quarter.
It's the us banks and thrifts that are on the brink of financial insolvency. Now, what they do with your money? You give them $100, they keep dollar ten and loan out 90.
It's fractional reserve banking.
They only keep 10%. Everything else is loaned out.
So for every dollar you put in, they keep a dime and $0.90 is loaned out.
What happens if the loans go bad?
Then the bank loses money and so do you.
Okay. And the banks go under. All the FDA I see is going to insure me for up to $250,000.
Yeah, but what if you have more than that in the bank? They're not going to insure the rest of it if you have it set up right? They might, but can you imagine that? And then they don't tell you when you're going to get it back.
I mean, there was a rumor out there. Oh, yeah. If the banks go under, the FDIC says, well, you're insured up to $250,000. Okay, I have $251,000. I'm not going to get that $1 back. I get the $250,000 back. But when do I get it? Oh, we have nine years to pay you back.
Oh, great. You're 80 years old. You're going to be around.
No. Okay.
Only institutions that are insured by the FDIC through deposit insurance fund are on the problem bank list. Okay. Savings and loans, they have their own.
The credit unions.
You know, a lot of people, Glenn Beck once said, put your money into a credit union. If the banks start going down, put your money in a credit union.
I put some money in a credit union. I'm not sold on that because what the credit union did, they went ahead and expanded and had a lot more facilities.
But, you know, you have problems. You've got camels. This is what the fDic's camels are. Capital adequacy, asset quality management, earnings liquidity and sensitivity. And those are the things that they look out for that list.
Now let's take a look at the us debt clock.
You know, we're $34,808,662,000,000. Almost 663. We're getting there real quick because I'm watching the numbers fly, which means the debt per citizen is $103,337.
Yeah, we owe the government $103,337. The debt per taxpayer is $266,952.
I don't know about you, but I don't have that money.
You don't have that money, but that's the debt. How did we get there?
The government gave away a lot of money. Oh, we're going to help this country out. That country, which is good, nice thing, but you got to do home first.
You got to pay your own bills.
Federal government is notorious for spending everybody else's money.
And then we go into debt and then the economy crashes. Oh, it is not good, guys. It is not good. You know, we got about five minutes to go and so much material. I'm going to post it on the money and change slice financially prepped website. I'm going to put the links and I'll put it in a report because every time I post a link, it will take you to the video.
And I would be posting so many things on our money and change page.
I'll just put it in one file and you can go find it. There, there was one thing you might be missing. Money. And here's how to find it. Find it according to Jeff Williams, and you know, do you have unclaimed property?
Okay, you switched banks, maybe you left some money in the bank.
You switched jobs, maybe the job that you had at a then eventually left to work at another company. And if you left the retirement account behind, you may have eventually been closed and the money could have been transferred to the state government. Okay, you switched insurance companies, maybe you overpaid. Okay, so you need to check things out. Where is the missing money? Unclaimed pensions, pension benefit guarantee corporation's website. You'll be able to go to this report on Yahoo. Finance. Missing life insurance policies. There'll be links to go for that.
Unpaid back wages, old savings bonds, missing money in general.
I was contacted one time by the state of Ohio and they said, well, you have missing funds. I said, oh, I do. And they said, yeah, $2.25.
Well, I claimed it. It probably cost them more to process that $2.25 than it was worth.
But I still got my money and it was elect electronically forwarded. But you can check that out also.
Oh, how do you figure inflation? Oh man.
How to protect your savings against inflation, live beneath your means.
Shop bargains.
Okay, buy some food, canned goods, long term storage. If you're out of a job and you have canned goods at home, you can survive on that because the federal government's not going to help you out. The states aren't going to help you out. The churches will help you out and other social agencies, but when they run out, you're in trouble.
Now, one thing about the Lds church, and I admire them for it, is that they tell you to save up a year's worth of food. Well, lately from some of the people I know, they're saying at least three months, but they have a mechanism to help the members of their church. It's called, I believe it's a bishop's store.
And so if you're a good member of the church, then you can contact your local bishop and he says, okay, the bishop's pantry has this, that and the other. Here's a voucher and you can go ahead and use it.
So they have a social service background there for them.
So many different things. Guys, I'm going to go ahead and post that and it's time that we actually have to bail out of here. Wow, we have covered quite a bit and I'm going to get that posted on our money and change slice financially prepped Facebook page. So you want to check us out? We're going to have to go. Have a good evening and the rest of your week. And check out my world on Wednesday and also start saving some money. Okay? See ya.
[01:00:20] Speaker B: And it wasn't long. Blows in video host am I the only one getting tired? Why is everybody so obsessed? Money can buy us happiness. Can we all slow down and enjoy right now? Guarantee we'll be feeling all right? Everybody look to the left.
Everybody look to the right.
