Comments by "Ray Bod" (@raybod1775) on "Minority Mindset" channel.

  1. You did right paying off loans. Interest rates are going up and you would have been stuck in a downward personal economic spiral of debt. Great you got out of that hole.
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  2. EU, China, Mexico and Canada all have tariffs and trade restrictions. Importing was a way of avoiding taxes in U.S. Wages are only a couple percent of product costs.
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  3. Problem with retirement, if your income goes up because of withdrawals or other income, IRMA taxes on Medicare go up.
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  4. Politicians protect the wealthy, everyone else pays.
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  5. Doesn’t matter who is next President, economy will get trashed within a year. Inflation is high on consumer essentials, homes are too expensive and commercial real estate is going to crash. Too much unrented offices and banks will take massive losses when building mortgages are unpaid.
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  6. Stock prices are based on profits. Certain sectors like home builders are dropping, but technology is highly profitable.
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  7. Too many recent immigrants competing (not restricted like when my parents immigrated) for housing and free healthcare. Interest rates too high for builders to take a chance under current economic conditions to build.
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  8.  @FrankMelanio  Most elderly people are broke, too poor to do anything.
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  9. Special emergency powers are not part of the Federal Reserve Act. Any lending outside of banks is illegal. Buying subprime loans is illegal. If I am wrong, please quote the part of the Federal Reserve Act that allows what the Federal Reserve is doing.
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  10. Nice theory, problem is U.S. and dollar is highly dependent on imports, exports and produces limited consumer goods. So excess dollar creation means higher costs for goods that are exported like food, lumber and oil, simultaneously causing a rise in imported goods because of more dollars chasing same goods. You also forgot about zombie corporations being kept on cheap money lifeline instead of allowed to go bankrupt and replaced be more efficiently run businesses. Don’t forget the current speculation in housing by ‘investors’ that used cheap borrowed money to buy housing which drives out people who would actually buy homes for themselves. Goods are available, at very high prices which leads to more theft and even higher prices. We are in the deadly spiral of inflation which also destroyed the Zimbabwe and Venezuela economies.
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  11. Bankers lie to the public. Federal Reserve already backed down, they chose inflation over letting bank failures happen.
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  12. It’s true Democrats have gone full blown Marxist by attempt on Trump and replacing Biden with a selected candidate. Kennedy would be better, but won’t win because of his voice.
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  13. Fed has been reducing money supply… a lot left to reduce.
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  14. Retrofitting is very expensive. Plumbing is limited for offices than living spaces which needs a major upgrade.
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  15. If Fed doesn’t cut, economy will crash. It’s a lot harder to restart an economy.
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  16. He’ll be 100% right 50% of the time.
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  17. Free trade was simply a sales pitch, it was gaslighting. Tariffs used to be 10% and U.S. had a lot more jobs and cheaper prices.
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  18. Better that people work in factories and farms than live on handouts from big daddy government.
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  19. Don't believe the Federal Reserve, they don't have a great record. You also missed a few things about housing. Materials, skilled labor and major appliances have gone up 20% or more in the last year. There is no sign inflation is going anywhere but up. Bottom end housing will either be in a good enough neighborhood or be good enough to fix up... or it will get torn down. Cheap housing will continue to disappear. All other housing will continue to up in price.
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  20. Nvidia sales continue to grow and there’s a 2 year backlog for its most advanced processors.
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  21. Can't help people when they don't want help or can't appreciate what they have.
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  22. I’ve done super well with my finances the last few years, kept up with inflation. Sometimes all anyone can ask is to tread water.
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  23. No, stocks will go up because the dollar will have less value, corporations will have the same value, so it takes more dollars to buy corporate stocks.
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  24. Inflation was primarily caused by Federal Reserve creating trillions of dollars.
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  25. Guess I’ll be forming a corporation to shelter my investment income.
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  26. Inflation can only be cured by crushing economic activity, nobody wants to say that.
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  27. A pause is not a pivot, prices are not leveling out and inflation seems to continue to go up.
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  28. High inflation burns everyone who doesn’t have assets. There’s a good chance of major economic problems caused by commercial real estate so that will likely create buying opportunities… if people still have jobs.
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  29. They did and now living off credit cards.
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  30. YouTube isn’t that bad.
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  31. Seems like Federal Reserve realized they messed up with flooding the economy with trillions of dollars not backed by economic activity. Fed has no choice but to withdraw dollars from the economy to prevent a free fall in the dollar and prevent hyperinflation. Fed woke up to economic reality, late as usual.
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  32. Federal Reserve will be last to respond.
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  33. Politicians actually helping people and not corporations… that’s absurd!
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  34. No politician suggests eliminating all tax write offs and a flat tax on all income. It would be too simple and too honest.
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  35. Intel is laying people off because they messed up a large batch of microprocessors and is being beaten by AMD, Nvidia, Apple and Tesla.
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  36. Federal Reserve is actually pulling money out of economy by not holding onto bonds it bought, so cash from bonds come into Federal Reserve and it lowers assets on its balance sheet. Inflation is not coming down because money velocity is dramatically increasing, that means fewer people are holding onto their dollars and spending their dollars faster. It’s part of the “inflation cycle” because no one believes prices are stable so they spend money as quick as they can before prices go up, including me!
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  37. In reality, it’s all smoke and mirrors. Interest that Federal government pays Federal Reserve is returned to U.S. Treasury as profits. It’s a big loop. Essentially Fed holds Treasure debt, but does not keep the interest.
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  38. Inflation is real.
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  39. Tech stocks took a hit… it happened before and comes back. You under appreciate how many jobs are being replaced right now by AI. Deepseek is overhyped and not that much better than small model Llama.
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  40.  @Frugal637  Guess you have no ideas to talk about.
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  41. Fed must keep interest rates high and higher or inflation will not go away. Joint statement from different organizations is illegal collusion.
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  42. No way to know how much China spent or how many processors were networked together.
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  43. Your chart is wrong, corporations first give CEO and top executives multimillion dollar bonuses first.
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  44. Resentment among a vocal minority won’t make a difference.
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  45. Buffet pulled out a year ago and missed a 20% increase in stock prices. Listen to long interviews with Trump and Musk before judging them.
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  46. Panic creates opportunities for people to buy. All tech companies are profitable and have a lot of growth in the future, especially Nvidia. It’s nothing like 2000 when tech companies made no money.
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  47. Housing will not crash, it’s not 2008. There is a greater demand for housing than supply.
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  48. People don’t understand they need to sacrifice to get enough together to buy a house. I once put cash in envelopes and that’s all I would allow myself to spend.
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  49. TakeU2Cleaners
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  50. Credit cards destroy most people financially. I once cur up my credit cards and put cash in envelopes to limit my spending. It works. Cooking at home helps.
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