Most People Are Bleeding Money Monthly — Here’s What Banks Won’t Tell You
Published: 2025-07-30
Status:
Available
|
Analyzed
Published: 2025-07-30
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
New law to restrict overdraft fees will take effect in October 2025.
"Number one, this law doesn't actually take effect until October 2025."
Pending
An investor workshop will be hosted on August 12th, 2025, focusing on investment opportunities in a changing economy.
"in August 12th, 2025, I'm hosting my biggest investor workshop of the year"
Pending
The investor workshop on August 12th will have two live sessions: 10:30 AM ET and 8:00 PM ET.
"I'm doing it twice on August 12th. It's live. Once at 10:30 in the morning, Eastern time and again in 8:00 p.m. Eastern time."
Pending
The payday loan business is predicted to continue booming.
"The payday loan business is growing and it looks like it's going to keep booming."
Pending
Annualized interest rates for payday loans range from 390% to 780%.
"This is a 15 to 30% interest rate on just 2 weeks. Which means if we advertised this interest over the course of a year, you're really paying somewhere between 390% interest to 780% interest a year if you advertise this interest over 12 months."
Pending
Individuals who take out one payday loan are 80% more likely to take out another.
"After you get your first payday loan, people are 80% more likely to do it right up again"
Pending
The fractional reserve lending system used by banks creates inflation.
"this system creates inflation"
Pending
Bank failures, if not covered by FDIC, can lead to the US government printing money, causing inflation, or taxpayers footing the bill.
"if FDI runs out of money, they go over to the United States government and they say, "Hey, we need some money to pay back these depositors." And the United States government doesn't have any extra money... they can print that money through the Federal Reserve Bank, which creates more inflation. So when you have these bank failures that comes out of the pocket of taxpayers or just people in the United States because now you have to pay the price through inflation."
Pending
The 'One Big Beautiful Bill Act', signed into law by President Trump, includes tax breaks and funding for deportations, and is effective retroactively from January 1, 2025.
"President Trump signed the One Big Beautiful Bill Act into law. This big bill will bring some big changes to our economy, starting with some big tax breaks to big funding for certain things like more deportations. And the reason why you want to pay attention to this bill is because it goes into effect retroactively. It goes into effect January 1, 2025."
Pending
New law restricting overdraft fees will take effect in October 2025.
"Number one, this law doesn't actually take effect until October 2025."
Pending
An investor workshop will be held on August 12, 2025.
"in August 12th, 2025, I'm hosting my biggest investor workshop of the year"
Pending
The investor workshop on August 12th will have two sessions: 10:30 AM ET and 8:00 PM ET.
"I'm doing it twice on August 12th. It's live. Once at 10:30 in the morning, Eastern time and again in 8:00 p.m. Eastern time."
Pending
The payday loan business is predicted to continue booming.
"The payday loan business is growing and it looks like it's going to keep booming."
Pending
Payday loans can have an annualized interest rate between 390% and 780%.
"This is a 15 to 30% interest rate on just 2 weeks. Which means if we advertised this interest over the course of a year, you're really paying somewhere between 390% interest to 780% interest a year if you advertise this interest over 12 months."
Pending
Individuals who take out their first payday loan are 80% more likely to take out another.
"After you get your first payday loan, people are 80% more likely to do it right up again"
Pending
JPMorgan Chase Bank stock pays an annual dividend of approximately 2%.
"if you go and invest in that same stock, the JP Morgan Chase Bank stock, they're paying almost 2% a year in dividends"
Pending
The fractional reserve lending system used by banks contributes to inflation.
"this system creates inflation, but maybe not because of what you think."
Pending
FDIC insurance likely cannot cover all deposited funds in the event of widespread bank failures.
"FDIC insurance only has enough money to pay out a small portion of all the funds that are covered."
Pending
The US government has approximately $37 trillion in debt.
"And the United States government doesn't have any extra money because if they did, they wouldn't be $37 trillion in debt."
Pending
Government bailouts, similar to those seen in 2008, are funded by taxpayers or money printing, not readily available government funds.
"And we saw happen in 2008 multiple times. Where does that money come from? Again the United States government doesn't have money to just hand out to everybody."
Pending
President Trump signed the 'One Big Beautiful Bill Act'.
"President Trump signed the One Big Beautiful Bill Act into law."
Pending
The 'One Big Beautiful Bill Act' is effective retroactively to January 1, 2025.
"it goes into effect retroactively. It goes into effect January 1, 2025."
Pending