Comments by "Henry TheGreatAmerican" (@henrythegreatamerican8136) on "Michael Bordenaro" channel.

  1. ​ @TCB1935 You clearly don’t get how these banks operate when they receive that much capital. They’ll just move it around so a few benefit while most people barely receive more than what they put in. And you think housing, stocks, and other assets are expensive now? Just think about where those banks would park all those trillions! I’m glad you profited, but the overall inflation would be so insane that nobody would be able to contribute to these private retirement accounts because they’d be struggling just to cover their basic expenses. I
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  2. Here's an "I told you so" from other videos. Look what just happened when DT got into a scuffle with Colombia and tariffs became an issue. Bond prices dropped (interest rates spiked higher) and stock futures dropped. And this is only with Colombia. Now imagine him doing this with Mexico, Canada, and China..... Having said that, I still don't think he'll follow through with any of the serious economic pain on other bigger countries because it would hurt our own economy, especially the stock market. He's using it as negotiating tactic. I hope Canada and Mexico call him out on his bluff. I'm not sure how it will play out in the short term. But in the long term this is not good for America on the global stage. Over the long term I still think bond prices will come down (interest rates higher) because fewer countries will buy the same amount of our debt they've been buying. We elected a selfish clown bully and will be punished long term for it. Yes, he might get a few short term wins, but that is not how other countries like China think. That's an American thing.
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  3.  @HarrisonCountyStudio  Inflation is fixed by getting asset prices under control. Giving wealthy people more money to buy more assets causes more inflation because they charge the rest of us more money to use those assets. Not sure why that is hard to grasp.
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  4. Interesting.... I know why there are no basements in Florida (or at least South Florida), but why none in Arizona?
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  5. All the immigrants are fleeing
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  6. Deregulation = let big business cheat you out of your money and sometimes your life with no accountability Tax cuts = great time to buy more stock, more million dollar paintings, and a third yacht. Large increase in oil production = yes, we get more oil. Yippee!!!! But that doesn't change the fact we remain 100% dependent on these companies and countries. Only way to truly get energy independence is to do a moonshot for renewables. Good luck getting the new prez to do that. i'm too lazy to respond to the rest of the stuff. And one last comment.... I'm not against deregulation and tax cuts, but throughout our history, the red team takes it to the extreme and it ends up causing negative outcomes that lead to major recessions.
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  7. Deregulation = let companies cheat you out of your money and sometimes your life with no accountability Tax cuts = great time to buy more stock, more million dollar paintings, and a third yacht. Large increase in oil production = yes, we get more oil. Yippee!!!! But that doesn't change the fact we remain 100% dependent on these companies and countries. Only way to truly get energy independence is to do a moonshot for renewables. Good luck getting the new administration to do that. i'm too lazy to respond to the rest of the stuff.
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  8. Deregulation = let companies pillage your bank account and sometimes your life with no accountability Tax cuts = great time to buy more stock, more expensive paintings, and a third yacht. Large increase in oil production = yes, we get more oil. But that doesn't change the fact we remain 100% dependent on these companies and countries. Only way to truly get energy independence is to do a moonshot for renewables. Good luck getting the new administration to do that. I'm too lazy to respond to anything else.
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  9. ​ @MichaelBordenaro  I agree with that statement, but here is part of the most recent retail report before the holiday: ------------------------------------- "For November 2024, the most recent retail data reflects continued strength in the U.S. consumer market. October retail and food services sales reached $718.87 billion, a slight 0.4% increase from September and a 2.85% rise compared to October 2023. Core retail sales (excluding food services) were $621.59 billion, up 0.35% month-over-month and 2.63% year-over-year. Notably, nonstore retail sales, such as e-commerce, grew 7% from the previous year, signaling a strong shift toward online shopping. Food services also saw a robust annual increase of 4.28%​ Additionally, e-commerce showed significant growth in Q3 2024, contributing $300.1 billion to total retail sales. This was a 2.6% increase from Q2 and a 7.4% increase year-over-year." ------------------------------------- A nearly 3% gain year over year tells me things are improving. Again, this doesn't mean we are in the greatest economy every, but the doom and gloom needs some restraining.
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  10. ​ @MichaelBordenaro I agree with that statement, but here is part of the most recent retail report before the holiday: ----- The November 2024 retail data shows that the U.S. consumer market is holding strong. In October, retail and food service sales hit $718.87 billion, marking a 0.4% increase from September and a 2.85% rise compared to October 2023. Core retail sales, which exclude food services, were $621.59 billion, up 0.35% month-over-month and 2.63% year-over-year. Notably, nonstore retail sales (like e-commerce) grew by 7% from the previous year, indicating a significant shift towards online shopping. Food services also experienced a solid annual increase of 4.28%. Furthermore, e-commerce showed impressive growth in Q3 2024, contributing $300.1 billion to total retail sales—a 2.6% increase from Q2 and a 7.4% increase year-over-year. A nearly 3% gain year-over-year suggests that things are on the upswing. ----- While this doesn't mean we're in an ideal economy, it's clear that the constant negativity needs to be tempered with some perspective.
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  11. Sigh... youtube buggy again. Sometimes messages show sometimes they don't.
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  12. I had to shut off the video when he started discussing student loans. His narrow view of "You took out the loan and I'm not bailing you out" entirely misses the fundamental reason student loan debt became an issue. He's only looking at the end result symptom. And I'm not going to retype the long rant again. Just know Wall Street has its hands all over it. And you will get stuck bailing these people out because they will never be able to pay back the amount they owe.
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  13. The mass migration to Florida ended awhile ago. Not sure about Texas. I think more people are now looking to escape Florida any chance they get.
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  14.  @Chicago48  Yea, he's confusing shifting consumer habits with some kind of doom and gloom. He's trying to create a narrative that doesn't exist.
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  15. Electric cars have less parts and therefore less maintenance costs. If I were to buy a new car, I'd definitely choose electric. I travel about 10 miles a day so an electric car would also save me on gas costs. But I'm not in the market for a new car anytime soon. Oh, and the last parts of this video were unbearable to watch because you never discuss what we are spending all that government money on and why it costs so much we need to go into debt to buy it. In other words, who owns the stuff the entire country is going into debt to pay for. You can't complain about debt unless you also complain about asset ownership distribution.
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  16. And the reason for this? They want more people in the workforce which ultimately suppresses wages. It's really that simple.
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  17. If the "one guy" wins the election on Tuesday, expect much higher interest rates because other countries will reduce or outright halt the amount of bonds they buy from the USA. And those same countries might sell the bonds they are currently holding. All of this will cause interest rates to skyrocket. You think inflation is bad now? Heh...........
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  18.  @sdmod1  Yea, obviously someone who hasn't lived in South Florida for 20 years.
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  19. I'm glad your pink sticky note had a nice comment. I saw a sticky note on the Walmart bathroom mirror that said "God is in every mirror"
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  20. Notice how everything was better before the 1980's? Guess which party and president came to power in the 1980's? Let that "trickle down" for a moment.
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  21. A lot of these job layoffs are A.I. related. It's only going to worsen, but in the long run it will be deflationary which is a good thing if done right.
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  22. You do realize they are trying to grab as many assets as possible because they know the end of the dollar is near. So they are printing non stop and buying what they can. The new administration is going to double down on this with tax cuts being their top priority. If you think DT and the new congress honestly care about government debt..... LOL!!!! You haven't been paying attention since the 1980s.
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  23. He is protecting them from WOKE!
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  24. Good times ahead. A.I. is definitely taking more and more jobs while the DT administration plans to cut social programs to get people back to work LOL. Can't make this stuff up.
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  25.  @Avo7bProject  Nobody recommended you buy an ancient one. You can get decent ones that are less than 10 years old.
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  26. I can name a few ways to fight back against them but youtube would censor the comment. You can easily make their investment zero if they negatively pressure you to sell at an unfair price.
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  27. It is growing. You can believe that. Unfortunately, it's not growing for average working people who don't own a lot of assets.
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  28. You are not going to be working until you die because the jobs won't be there. Have you kept up with the A.I. trends lately? In 20+ years, the world is going to be unrecognizable. It's time to stop thinking like a 20th century economist.
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  29. Maybe do a video walking in downtown Miami?
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  30. Get asset prices under control and cost of living comes down. Social Security and many other economic issues will be resolved.
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  31. WORLD = Workers Organizing Revolution, Liberation, Democracy ^^^^ Live it. Learn it. Preach it. It's no longer nation against nation. It's the workers of the world against the elites in all our countries.
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  32. Society would not be able to function in the world you want to live in. Think about what you typed. Nothing would get done. Nothing would get paid for.
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  33. They give you interest.... 0.10% Having said that, you should only keep just enough money in a regular bank to pay bills. Don't hold your extra cash there. If you have a bit of extra money not ready to be placed in a retirement account yet, just put it in a CD or municipal bonds. You'll get 3% to 6% interest a month and can sell the bonds as needed. For the most part, the "proper" municipal bonds are stable. Don't expect to get rich holding them, but they pay much more than your regular bank.
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  34. Then you misunderstood his video. The chart he showed is the money you have AFTER ALL THE DEBT is counted. You need to subtract the home mortgage, upkeep costs, and other debt from your bank account and that will be your net worth to compare to the chart.
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  35.  @sockpuppet7881  I wanted to make a snarky reply about what you are spending your money on but youtube kept censoring it. But I think you get the idea LOL.
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  36. No worries. I'm sure the DT tax cuts will solve everything.
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  37. Most of those places you listed are in climate crisis areas, including Nebraska (tornado valley).
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  38. I see a lot of construction sites with green fences in this video. Are those future McMansions?
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  39. Honestly, older generations keep coming up with excuses. If they were truly concerned about preserving wealth, they could easily set up municipal bond ETFs for their children that yield 3% to 6% monthly and include a stipulation in their will preventing the fund from being closed for at least 10 years. But let’s face it. This isn’t really about financial strategy. It's greed!
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  40. Nobody wants to live there because it is polluted by coal.
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  41. Property taxes and insurance on our home in Florida were one of the reasons we left. And we were living in an area that had tons of traffic all hours of the day. So people who think Florida is cheaper to live because it doesn't have a statewide income tax are in for a rude awakening. The state will get its money from you one way or the other. There are all sorts of fees that add up. Having said that, I do not think there should be any taxes on someone's primary home residence they are living in. And the vice president does not want to tax unrealized gains on average working people. It's only on people worth millions of dollars. And most of these people own tons of assets which are part of the reason for inflation, but I'm not going into that discussion again. So please don't misinform people about the unrealized gain tax.
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  42. You hit it right on the spot with this comment: "You pay far more than you ever did and get far less in return" That's what happens when you overly privatize pivotal functions of government and gut regulations. I'm not saying government should be making computers or socks, so don't go there with the communism rhetoric.
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  43. And if you think $38 million is bad, the new administration plans to spend over $100 billion of our tax dollars.
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  44. Nothing screams "living the dream" like scraping by on future Universal Basic Income and the wild, thrilling returns of my modest municipal bond investment account. Move over billionaires....here comes the ultimate mogul lifestyle!
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  45. It looks like the new administration might be planning to use our tax dollars to set up a national reserve fund with Bitcoin. If that happens, we could be looking at one of the biggest market bubbles in history. And I can guarantee they’ll try to sell at the peak. What really gets under my skin is how eager they are to cut government spending, yet they’re considering investing taxpayer money into Bitcoin and other cryptocurrencies, including a new coin created by the president's own company, World Liberty Financial and his new crypto coin. I wonder if it's worth temporarily investing in it?
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  46. Looks like the new administration might be cooking up a wild plan to dump taxpayer money into a Bitcoin national reserve. If they pull this off, we could be looking at the mother of all market bubbles - and you know they'll try to cash out right at the peak. What's driving me crazy is how they're preaching about cutting government spending, but then turn around and want to gamble with our money on crypto. Especially this new coin from the president's own company, World Liberty Financial. Might be worth throwing a few bucks at it just to see what happens. But hey, that's just my two cents.
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  47. Looks like the new administration might be planning to dump taxpayer money into a Bitcoin national reserve. If they pull this off, we could be looking at the mother of all market bubbles - and you know they'll try to cash out right at the peak. What's driving me nutty is how they're preaching about reducing government spending, but then turn around and want to spend our tax dollars on crypto. Especially this new coin from the his own company, World Liberty Financial. Might be worth spending a few bucks on his WLFI because it is so cheap right now.
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  48. Hey, why not tell people to buy Ripple instead of Bitcoin? It has more real case uses and is under $3 per coin right now!!!! And just like Bitcoin, there is a limit to how many can be created.
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  49. I bought about 100 shares of FAZ last week at about $6.90 a share. Worst case scenario I lose about $700. I only bought it "just in case" something bad happens with the financial sector of the economy. If things do go bad, FAZ can easily rocket up a few thousand dollars. Go look at how it was priced during the 2008 economic meltdown. I don't expect it to skyrocket that high again, but even a fraction of that would be great. Well worth the $700 chance. And that's assuming I lose the $700. It would have to drop below $1 a share
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  50.  @bea8860  randomly looking up financial instruments that performed well during each major crisis. But FAZ is not something you are supposed to hold onto forever. I would not buy more than 100 shares because of a strong potential for reverse stock splits which are never pleasant. And I don't think we are headed for a financial collapse like 2008. But if Trump wins and takes charge of the FED.... yea, that would cause other countries to completely dump the dollar. But I don't think he is going to win so it won't matter.
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