The Good News and The Not So Good News

[00:00:00]Hey, it's Dan. Welcome back to I Allegedly. I've got a good one for you today because I've got the good news and the not so good news.

[00:00:10]Like, subscribe. Let's get right into it. First things first, we have anou for this Iran deal, a memorandum of understanding. And for anybody that's been in business, that's done any big business, you have these. And what they are is basically it's a letter of agreement. It's an understanding of what both sides are going to do. It's the bullet points of this. Now, you can freak out and say, "This is no agreement." It's not, "Hey, I'm going to buy your house, but this is what I want." Could spell it out that way.

[00:00:45]These are the 12 points I want with the house. Can you do this? If you can agree to this, we can have a deal and we can write it up.

[00:00:53]Okay, I can do that.

[00:00:56]I just ran at the golf course. That's why I'm here. This one, it's a nice, crisp, and cool. It's great. So, you can agree with this. You can disagree with this. You can like this, not like this.

[00:01:09]What this is going to do is it's going to give some energy relief. Here's the good news, okay? It's going to, from my notes, it's going to give energy relief.

[00:01:18]The first day that this was opened, 12 million barrels of oils went through.

[00:01:26]Now, is that enough? No, it's nothing. I mean, to say 12 and a half million of anything is that's not enough. That's all. You know, that's what we're talking about.

[00:01:37]You're going to see gas prices stay up for a little bit. And I'm going to cover the good and the bad. This is the good.

[00:01:45]And you're going to see a change right now in the fact that there's going to be oil released globally around the world.

[00:01:55]And let's hope that tensions don't rise during this time. Let's hope that, you know, everybody else is calm too during this time, whether they are or not.

[00:02:08]The prices at the pump for the first time have gone below $4 a gallon across the nation. That's a big deal. Sorry, I'm turning my head because I keep hearing golf balls being hit and I don't want to get hit in the back of the head.

[00:02:25]$4 a gallon gas is still outrageous for some people because I have people that write me and say, "Dan, it was 250 before this started. Now we're here."

[00:02:33]You're right. It's too much. It's too much. California just passed an initiative with signatures to have a billionaire tax. This place is going to be a ghost town because you're going to have people that are wealthyish, got a little bit of moneyish. They're not billionaireish, but this tax thing is going to sit there and tax you on assets that haven't been sold. Well, Dan, you bought, you know, stock in uh Palunteer and it went up. You made a million dollars on paper. We want $50,000 of that. Okay, I didn't. But let's just say that you did that. How unfair is that? How un unrealistic is that? What if the price of the underlying asset goes down? It's not going to go down. All you do is make money. Can't have that. Can't have that.

[00:03:21]So, you know, local currency uh stability.

[00:03:27]You want nations to have stable currency. You want money to be stable.

[00:03:31]You want interest rates to be stable. We want no global wars. We want the uh Ukraine and Russia thing to stop. But they just lit Russia on fire. They blew up refineries and and set it off. And it just, you know, enough enough. Let's negotiate this. Let's sit down like adults and put this to bed.

[00:03:55]I'm not arguing the political side of this. Please [music] understand that.

[00:03:58]That's for the private channel. You can go over there and see our feelings on that.

[00:04:04][sighs] But, you know, hey, this is that's the good news. Isn't that great?

[00:04:11]Okay, now we're going to get to the not so good news. And the not so good news is I want you to think about this.

[00:04:18]When it comes to fertilizer, there is a 100 million pounds minimum estimated that is on those ships waiting for delivery. Now, think about this. The straits Oh, damn. The straights open.

[00:04:34]Fertilizer in a week. No, no, no, no, no, no. I want you to think about this.

[00:04:39]Imagine a traffic jam and you get stopped by the cops and then they say, "Where are you going? Where are you going? What are you carrying?" Oh, you're more important.

[00:04:49]This guy's more important, Dan. You've got fertilizer in your car. No, you're going to go last. They anticipate that the fertilizer at some locations will not get there for 100 days. It's over 3 months, guys.

[00:05:06]End of September, October.

[00:05:08]Like Mike Adams says, and I always love this. What you grow today was grown a year ago. your crops, your cattle, everything. And you're going to see major problems. Now, I've heard 40, I've heard 60% of the fertilizer is already committed to India. Let's just go with the 40%.

[00:05:28]That's a ton. The rest of it's going to go globally, including here in the United States.

[00:05:34]So, you're not going to have fertilizer anytime soon. Not this week. Not this week. [snorts] The energy prices have gone up through the roof. I have gotten so many people sending me their bills, sending me, you know, Eversource has raised their price here and and Connecticut, you know, has that it's just it's ridiculous. It's gone up 18 20%. It's not going to go down. That's not going to affect you that way. You're still going to pay those high prices. That's the bad news.

[00:06:09]That's the bad news.

[00:06:11]We've talked about this before. Prices shoot up. They take their sweet ass time going down. La.

[00:06:19]I'm a little girl. Taking my time.

[00:06:21]Okay. No. Okay. It's ridiculous.

[00:06:26]While the rest of us are starving, while businesses shutter, you're going to see, you know, hey, are we going to go away this summer? Nah. You know, we just can't afford gas. Forget the hotel rooms. Forget Vegas. forget uh a cruise.

[00:06:40]No, no, no, no, no, no, no, no. I had somebody send me a great video about cruise ship tipping and how even on cruises, which there's no tipping on cruises. The cruises I go on, you pay for everything. You tip at the end if you want to. Nope. I'm going to tip as you go. I don't know what what what flea market cruise line are you on, but no, you don't want to be nickeled and dime to death. The idea of going on a cruise is that you don't have to have your wallet out paying for things every single second of the day.

[00:07:12][sighs] These people that have traveled for the World Cup are amazed at the features that we have here in the United States.

[00:07:20]I love how Boston ran out of beer because the Scots drink so much beer.

[00:07:25]No, they don't drink, hey, let's go out and have a few drinks. These guys drink continually. Oh, we're getting up at 5:00 a.m. I'm gonna meet you at the pub.

[00:07:34]Okay. Sam Adams had to do an emergency delivery for beer to the Boston area because they ran out of beer. No. What?

[00:07:43]What do you got? Oh, we'll drink anything. They ran out of so much beer.

[00:07:50]So, you know, the consumer prices are going to be up. They're not going down.

[00:07:56]You know, no, it's not the 9% inflation.

[00:07:58]You get the people that say it's 11.

[00:08:00]people like me that say it's been well over 12 and 15%. But you're going to see more businesses go out of business when they're not supposed to go out of business. You're going to see vacation places go out of business during the summer. It's going to happen. It's going to happen. You're going to see more resorts, more hotels, more restaurants that are going to go out of business during this time when they're not supposed to. It's the holidays. It's our 250th celebration.

[00:08:27]But I remember the bsentennial. God, was that cool. Just had such a good time.

[00:08:32]Such a big party, you know. It was just great. It was really, really fun. Are we going to experience that again? I don't think so.

[00:08:40]I think that we have such a divided world right now that there's people in defiance. I won't celebrate our 250th anniversary. But you showed everybody.

[00:08:50]You sure did.

[00:08:55]you know, post-war inflation, all these places that are going out of business, all these restaurants that are being affected by this.

[00:09:07]I am blown away at the massive amount of borrowing right now. Mortgages are well above 6% and are going to stay there.

[00:09:18]Kevin Worsh had his first meeting and what happened? Mortgage rates went up from that guy speaking that day. they went up. So, you can sit there and oh, it's going to go down to 2%. You realtors that are writing me that can't sell. You can't sell a house unless it's a free home. Hey, hey, oh my gosh, this you're never going to get a deal like this again. No, learn salesmanship. Read a book. Read a book.

[00:09:45]The good realtors that are selling at 6%. This is it, man. This is it. This is what you have to look forward to is this 6% mortgage plus. Wow. Wow. You got 6%.

[00:09:58]You're fantastic, Dan. Good for you. And that's what you're going to hear people say. And it's going to be lunacy to sit there and tell you that it's going to go down to the fours again. It's nothing that points to that. Also, with the job numbers that just came out this morning, they're talking about how they may raise rates and it's getting a realistic thing that they could raise rates like they did in Japan. That would never happen.

[00:10:25]Right now, regular mortgage are at 6%.

[00:10:29]Helocks and fun stuff like that. Yeah, you can get a teaser rate and you can get 4% for 6 months, no payment for three months. You can get all that stuff right now. But $47 billion, $47 billion was borrowed in the first quarter by homeowners not expanding, not starting a business, not remodeling their home, paying their bills. $47 billion.

[00:10:54]Okay, this is the bad part of this whole thing. Now, we don't need world hunger. We don't need famine that I am telling you. Did they divert this? Let's hope to God.

[00:11:06]Let's pray. Pray right now that that's what happened. That they diverted a nation going down for the count that's much poorer than us that doesn't have running water and they're going to be able to feed their crops. Let's hope that they that they solved that problem.

[00:11:20]But I don't think they did. I think that this was such a bad thing that it's a little too late, if you know what I mean. A little too late.

[00:11:33]Save your money. Don't piss it away.

[00:11:37]Enjoy your life. Work on your health. Go out there and lose weight. Spend time.

[00:11:43]You dads this weekend. Enjoy Father's Day. And my daughter's leaving the country and going to France. So, I got dinner early from her last night and it was fantastic. We had such a great time and had so many laughs and it was just brilliant. Absolutely. 10 10 stars.

[00:12:04]Take care of your own. Take care of yourself. Be kind to one another. Don't be spiteful. Don't be jealous of other people. Work on yourself. Understand this. Do I have faith in these people running the show? Not really. You know, I don't. If you guys are on the private channel, I allegedly live. I I'm We're going to light that thing on fire today with what we're talking about. That's way too hot to talk about. Stuff that you can't talk about other places. Check it out. I allegedly live. But that being said, I'm telling you this right now, you're going to see inconsistency on both sides. And because we have a divided nation, it's going to continue. It's not going to be kumbaya and get together. I'm telling you, they could rain money from the skies and you would still people would Oh my god. You know, I had to walk across the street, Dan, to pick up that $10,000. You'd get people that would do that.

[00:13:00]Email me hello@ iioleggerly.com.

[00:13:03]The good and the bad. Okay, good luck.

[00:13:06]Stay strong.

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