Keep the Gummies Away from Janet Yellen!
(00:00.598)
Somebody seriously needs to keep those pot gummies away from Janet yelling. I mean, keep it away. She’s she’s taking these things. And what was it? She was on a trip. Was it China or Germany where she went to some restaurant and she had the shroom tea and that made the news. But yeah, our Treasury Secretary of the United States. Woo. Yeah. And an interview with The Wall Street Journal talked about the aftermath.
the aftermath of the pandemic. And that’s the reason why. That’s the reason why folks, that nobody is buying into buy nanomics. Yes, we’ve been through a lot, she says. We’ve been through a lot. The pandemic caused an enormous amount of disruption of people’s lives. And we’re still in the aftermath of what’s been a serious shock.
and we’ve had serious global shocks. And although prices are rising at much slower pace than they were, inflation is substantially off its highs, she continued. The level of prices of some things that people buy and are important to them are higher. A good example would be rents. Rents have gone up considerably.
Janet, let me explain something to you. What in God’s creation does that have to do with the pandemic and the aftermath of the pandemic and the fact that we’ve been through a lot? What in the world does that have to do with by-nanomics? Explain it to me. Hey, you look at the jobs numbers that came out on Friday. Overwhelming, overwhelming amount of jobs created were government jobs. You think that that’s…
somewhat sustainable? The fact that prices aren’t going up as quickly as they were before, is that a relief to an American family of four, middle class family of four, that’s still paying more for their groceries? No, it’s not. I go along with this. This was a research paper that was done by Investopedia.
(02:22.79)
And they talked about the cost, the cost of the American dream. And they say it costs about three point four million dollars over the course of a lifetime from getting married to saving for retirement. Median lifetime earnings for the typical U.S. worker stand at one point seven. Million. Again, some of the other numbers that I’m
pulling out here, USA Today found that funding the American Dream costs about $130,000 a year for a family of four, where median household income stands at $74,450. Are you starting to understand this? Hey, listen, Janet, okay, I get it. I get it. This stuff didn’t start with you, but it most certainly has a lot to do with the policies.
of the donkey party and quite frankly, some of the policies of the elephant party as well. And here’s some of the numbers that they put together. Hospital birth, average out of pocket costs for people with health care, $5,700. Again, my last child, I never got maternity or anything
I just paid for it out of pocket, it was about $5,000. Wedding and engagement ring, $35,800. Raising two children to 18 years old, $576,896.
(04:08.566)
I don’t know if I agree with that number. I think it’s a little bit more than that, just saying. But anyway, 10 car purchases over a lifetime, $271,000. Year of college for two kids, 42,000. Average cost to buy a home, including lifetime mortgage payments, $796,000. Pets, $67,935. I know.
People love their pets. Hey, I like animals too. I like animals and I like boats, but I like other people’s animals and boats. I’m just saying. Anyway, health insurance from ages 26 to 65, 934,000, retirement 715,000. You need more than that. And funeral costs $7,800. Okay, so what does that tell you? Buying and omics working, government handouts working.
No, no, the cost of living in the United States, quite frankly, is astronomical. This is the reality. This is the terrain. We have talked about this here on the program. And you know, you gotta deal with what’s put out in front of you. And if you’re in a situation where you have to get a second job, you gotta get a second gig, you’re gonna have to do that. You’re gonna have to do that. I was explaining this.
talking to some people, it was way over the past few days, and speaking with some people, was at the hotel we were at, and talking to them about the benefits, actually got recognized, and the benefits of owning your own business and starting your own side gig, and how you can take advantage of various different deductions within the tax code, and trying to help your situation.
and how it can help you to get ahead to tackle some of these things. Listen, okay, this is what it is. And it’s been trending in this direction for a very, very long period of time. It is, again, there’s certain things that we’ve tried to get across to you, things that you can cut down to size, take a look at college education. Well, you know what?
(06:28.362)
If you’re going to go on and you’re going to get a professional degree, or if you’re going to get involved in certain types of careers, a college degree can be well worth it, as long as you’re not going deep into debt. And again, there’s more than one way. More than one way to figure that out. How many kids have I advised? How many kids? Again, funny story, I met with family, I coached their son years ago, and the kids was brilliant. He got into Notre Dame, he got into
Georgia Tech, I mean all of these schools, these top notch schools, and talking about what he wanted to do. And I said, you know what? He also got into the University of Florida, which is a phenomenal school, and it’s gonna cost X amount of dollars. And you wanna go on, which save your money, if you wanna go to medical school, if you wanna go to grad school, do that. Because the classes that you’re taking, science is the same, whether it be in a Notre Dame laboratory, whether it be in a Georgia Tech laboratory. And that’s…
you know, some of the things that people need to get their arms around and costs that they’d look to contain. But again, getting back to Janet Yellen and her gummies, um, Janet, no, no one is blaming right now the cost of living and the fact that Bidenomics is not working on COVID. Okay. You can continue to try to, to pitch this nonsense, but quite frankly, nobody’s buying. Watchdog on Wall Street.com.