Why Fake Rich Americans Are Going Bankrupt

"March 2022 is when our economy started turning off the free money printer... the Federal Reserve Bank approves the first interest rate hike in more than 3 years and they see six more interest rate hikes ahead and this was published on March 16th 2022... we have seen 11 interest rate hikes and the most recent statement by the Federal Reserve Bank is that they're not done raising interest rates yet and we can expect potentially more interest rate hikes in the future"

"Rolex prices were booming everybody wanted to buy Rolex and Rolex prices soared until Rolex prices peaked around March 2022 and since then Rolex prices have been falling deeper and deeper and deeper as we get into 2024"

"nearly every single G wagon is listed for thousands of dollars below market value now and sometimes tens of thousands of dollars below market value now"

"as soon as interest rates change it changes the affordability of being able to buy a home now in today's economy is a little bit weird because we still have a very severe inventory shortage and people are willing to pay cash for homes so even though interest rates have gone up home prices have stayed high and in some instances even gone higher"

"when interest rates go up now less people are borrowing money... less people are spending money which means less money gets created and less money is entering our economic system which cools down the economy this has an effect on our economic in system which takes time to realize"

"the delayed effects of higher interest rates are something we'll be seeing more of in 2024 and 2025 assuming interest rates stay high because that's going to impact the economy and asset prices"

"a lot of properties are selling for three four five six cap rates but if you want to go out and get a mortgage you want to go out and get a commercial loan you're going to be paying 7 8% on your interest rate"

"generally when interest rates go up you'll see asset prices fall because asset prices will have to fall now to make it a attractive enough investment"

"2024 it's an election year that could be slowed down in the economy which could force the Federal Reserve Bank to cut interest rates"

"spending outgrow wage growth for a while now so you'd have to think that eventually we're going to hit a Breaking Point and if spending starts to cool down that would cool down business revenue and that would cool down business profits"

"if you are an investor in these companies if you're investing in the stock market and companies are making smaller revenues and smaller profits it would make the Investments maybe a little bit less attractive so you'd have to think that higher interest rates would have a downward impact on the economy which could impact asset prices"