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

  1. Better idea for taxes. Eliminate all tax write offs and impose the same flat tax on individuals and corporations based on increased wealth and income. Taxes could drop to about 3%.
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  2. Works now.
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  3. Congress.
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  4. Listen to long interviews with Trump and you will get the opposite opinion, like I did as a former died in the blue Democrat.
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  5. There’s an under supply of homes overall in the U.S. So home prices will generally go higher.
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  6. People who like guacamole. I prefer Asian food, except for Jalapeños. I really dislike German food, which is where my parents are from.
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  7. U.S. economy and middle class was doing much better before tariffs were removed.
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  8. True, less dollars in the economy and higher interest rates could offset this.
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  9. Tariffs will be a tiny amount to costs of goods.
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  10. I believe this economy is like after the 1918 pandemic… the boom has just begun with 8 to 10 years to go.
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  11. Ultimately, Fed is controlled by Congress and President. Fed exists by an Act of Congress.
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  12.  @GabrielLopez-mo2xo  We’re on the verge of hyperinflation, can’t keep creating funny money. Federal Reserve knows real inflation is double official inflation figures.
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  13. Trump is competent. Listen to long interviews with him and Musk. Other countries did not cut their tariffs, did not help with border security and did not help with illegal drugs.
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  14. Research it or simply find growing companies with global sales.
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  15. Very likely.
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  16. Nvidia will recover soon. It could have been market manipulation to drive down stock price before blow out quarterly results are announced.
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  17. That doesn’t make sense for the long term. Tesla isn’t just cars. They are also advancing in AI, robotics and self-driving cabs.
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  18.  @hahamasala  It only took 6 months to pull factories out of U.S. and get them up and running in China. Musk built the largest AI server facility in the world in less than 2 years. It doesn’t take that long.
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  19. Powell is a political science major, not an economist.
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  20. Corporations compete and lower costs through efficiency. Federal Reserve creating trillions of dollars with nothing to back it causes inflation.
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  21.  @ky6632  It used to be small savers got 5% return on their passbook savings and only the small saver was protected by FDIC and the Federal Reserve. Banks are not just banks anymore, the big banks own investment firms. This was illegal until President Bill Clinton worked to have the law removed. This is why the economy crashes on a regular basis. Banks funnels money from the Federal Reserve into their investment firms, when they collectively screw up, they get bailed out. That’s half the reason inflation is out of control. The other half is the budget deficit.
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  22. Can’t, banks with garbage commercial real estate loans would crash.
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  23. Well said.
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  24.  @borikero1  I believe the latest advances in tech will increase productivity and overall efficiency of the economy. AI is massively increasing productivity right now. Tesla advances in car manufacturing, heating/cooling, software and batteries will spill over into old line manufacturers, unless they are run by complete idiots. Things are moving faster than anytime before. I have seen and experienced changes as a retired 65 year old programmer and financial investor. We just need to get the U.S. Federal budget under control.
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  25. Until its not. Out of control inflation will inevitably lead to a major crash because rising interest rates are needed to save the value of a currency.
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  26. Trump can’t stop other countries to do what they do. Threatening other countries like what Biden did will only accelerate them dumping dollars.
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  27. Trump and Musk are among the hardest working people that ever existed. Wealthy people work hard all the time and pay more taxes than most people earn.
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  28. On the other hand... millennials have the greatest ability to learn anytime in history, on the internet, and YouTube. Amazon also has more books available than any bookstore ever did. Millennials also can get less expensive, mostly on-line credited university degrees which gives them the greatest opportunity to work their way through college, debt free. If someone is hard working, competent and intelligent, it's possible for them to reach their full potential. It's up to the choices a person makes.
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  29.  @rjtheripper931  I grew up poor. My suggestion is to try to cut expenses, save money, see what careers pay money and get the qualifications to get the better paying job, learn about investing and try to learn trades so you can do things without constantly hiring people. Everyone who's working in a job will retire and someone younger will take over.
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  30. Trump demanded that Canada and Mexico reduce their tariffs, help with illegal drugs and secure their borders. They did none of this.
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  31. Federal Reserve needs to cut interest rates now. Fed induced inflation caused by excess dollars is over. There is nothing higher interest rates can do to reduce federal deficit caused inflation, lower food prices and can’t lower shipping costs. Lowering interest rates could actually increase availability of housing, lower costs for businesses and keep dollar stronger to help reduce costs of imports. Federal Reserve seems to be making the same historic mistake of keeping interest rates too high for too long because of factors outside its control.
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  32. Recession postponed until after the election.
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  33. Other than 30% higher prices for everything.
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  34. Federal Reserve is run by idiots who don’t know basic economics, they are political glad handers.
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  35. It’s a panic based on overhyped Deepseek. Stocks always recover if they’re profitable and have a growing market like tech companies. Seems more like market manipulation before Nvidia announces another blow out quarter.
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  36. Trump asked for help with cutting their own tariffs, illegal drugs and illegal border crossings, they refused.
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  37. paula More dollars for gold with a larger budget deficit, more dollars created without a growing economy to back up the dollar.
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  38. They should take out personal loans to pay off cards, unless they have zero financial discipline.
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  39. Yes, big federal budget deficit, money buys less and continues to buy less… so what else is old news? People continue to spend. People are still employed. Stock market is fine. Housing is still strong. Government contractors, tech jobs, healthcare, construction jobs including plumbers and electricians pay well. Underground (cash) economy is strong. The people who suffer most is handicapped, retirees who can’t work without enough resources and poor people without assets. Commercial real estate will undermine many banks. Trade deficits simply means our standard of living continues to erode compared to other advanced economies.
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  40. Modest?
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  41. There’s a lot of great paying jobs in home construction and repair.
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  42. Only if you buy everything from outside the U.S.
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  43. It's not quite that simple. A lot of people have lost money buying housing at the wrong area or at the wrong time.
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  44. Many people grow up in poverty and figure it out to join the top 30% that are doing real well… myself included.
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  45. The entire economy was controlled in 1941 because of World War II, not a good comparison.
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  46. If the dollar crashes, inflation shoots up and interest rates shoot up, the Federal Reserve will change its tune in a nanosecond.
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  47. Trump, Trump, Trump
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  48. Trump and Musk attacking workers, except what he perceives as unproductive government workers. They even publicly admit when they make mistakes. Try listening to full interviews with them.
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  49. It’s Congress doing deficit spending that’s creating liquidity.
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  50. It seems like market manipulation before quarterly results get announced.
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