Buckner successfully translates complex global supply chain issues into practical financial advice for the average household. Although the framing is somewhat alarmist, the video serves as a timely reminder of the importance of financial literacy in a volatile economy.
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Why Americans Are About To Get Hit With ANOTHER Price ShockAdded:
I had a $20 coffee.
>> Inflation spikes to 3.8%.
And it looks like prices in the United States have nowhere to go but up.
>> This how I know inflation getting crazy.
A homeless lady just walked up to me talking about something. Can I have $10?
>> If prices weren't already high enough for you, some new inflation numbers just came out and they're not good. Let's talk about it.
$13.99 for a godd watermelon. I know they lying.
>> Let me go sell the car.
>> $4060 for a fruit tray.
>> $33 for toilet paper. We can't even afford to [ __ ] >> Now, seriously, am I joking?
>> And here we go.
>> I hope you're hungry for nothing.
>> Tim Horton's hardcore.
What is this?
>> Look how tiny this is, dude. Look at this [ __ ] >> Look. Is this Is this real life? I am so shocked.
>> No way. They nerfed popcorn chicken, bro. No freaking way.
>> Yeah, that's crazy. That is insane to me, guys, to see those prices of groceries.
And the worst part about this is that it just continues to get worse. It continues to get higher. And now that inflation numbers have came out, it looks like prices are going to continue to rise even more. And it's all due, well, not all of it, but a lot of it is due to what's going on over in Iran right now. And the straight of Hormuse is still being shut down as the time of me filming this video, which is a major contributing factor to why we're seeing rapid inflation yet again. I just pray to God it doesn't get as bad as it did in 2022. Hey, what's up, America? Prices are going higher as inflation spikes to 3.8%.
Now, that was just released moments ago, and it looks like prices in the United States have nowhere to go but up. So, prices over the last month have risen 0.6% with an annual rate of 3.8% inflation now. So, what does this mean for you, the consumer? It means all the [ __ ] you're purchasing will be more expensive coming up here in the next couple of days, weeks, and months. which if you look at it another way, the value of our dollar continues to plummet. Now, I know that sounds bad, but let me be very clear. This could all be stopped if companies just simply quit raising their prices. All these numbers are madeup esoteric horseshit. Just because inflation numbers are going up doesn't mean prices have to increase. Companies do that to gouge you every time.
Companies are not paying as much as you think. They're not being overly burdened by high cost of everything. They're having a slight increase and then they're giving you a big increase in order to make profit. So 3.8% increase in inflation yet everything is still double from a couple of years ago.
How does that make sense exactly? Well, it doesn't because you're being price gouged. There's no other reason. There is no debate. Price gouging, lower value of your dollar. That's it. That's the end of the maze. So, you should be protesting for a higher value of your dollar and for companies to lower prices. But I bet you won't. I bet you'll protest something stupid like ICE raids instead or Trump's ballroom.
Right, STUPID? OR MAYBE YOU'LL FIGHT DONALD TRUMP AND STOP HIM FROM BUILDING THE ARCH. I SWEAR TO GOD, our country is falling apart around our ears because of greed. And you fight every other thing but greed. Wow. They have you and brainwashed. I mean, it would be like your house is on fire, so you go down to Antarctica to ask the penguins what their opinion is on it. OH, BUT WAIT A MINUTE. THAT WOULDN'T WORK. Stupid people need to FIND THE ICE WALL, RIGHT?
GOOD GOD ALMIGHTY. I hate people. Oh my goodness. Listen guys, that boy got into it. Let me tell you what. Oh my goodness. And you know what?
He's damn right when it comes to price gouging. 100%.
100%. And guess who, guys? I was just out at Costco literally about two hours ago. I had to go get some uh items for my wife and I for dinner tonight. And I also want to get some snacks. Costco's got great snacks. It was What's today?
Today's th Thursday. Today is Thursday the 14th and I was at Costco at around 1:30 and it was packed at Thursday at 1:30 and you see this and I look and I'll be honest with you, the some of the prices I was looking I was like, "Oh my gosh, I'm there's no I was putting stuff back because I'm just I can't pay this. I'm not going to pay it." And people, guys, people's carts were overflowing.
Overflowing. And I'm like, how is this possible?
How are these people just raking in the dough right now? Are they trading in the stock market and I just don't know about it? And they're just crushing it with options trading or what is going on? I mean, I don't know about you guys, but if you've been to Costco lately and you have an overflowing cart, those carts are massive, by the way. I mean, you have to be spending a,000 bucks for an overflowing cart at Costco, maybe even more than a grand. And people are doing it. I mean, guys, that store was jam-packed. Jam-packed. But again, he's right. We should be fighting the corporations that are price gouging every single item that we have to buy on a deal. There's There's no way. No way. Because what they're doing is they're just saying they got to hand off the extra cost to the consumer. They're not eating any of it. If any of it, if anything, they're probably making more money.
>> Anybody else wake up at 4:00 in the morning and instantly think, "Why the [ __ ] am I doing this? What is the point?
Just to go to work, make a couple dollars an hour, and barely still survive.
Make it make sense cuz it make no sense." Honey, >> I think a lot of people are feeling that right now. I really do. And the problem is from the looks of it with inflation numbers, it's not going to get better anytime soon. Looks like we're stuck in this hell hole of prices just continuing to move forward and move up. So, what does that mean for you guys? That means we have to get back to living on a budget. If you're not living on a budget already, guys, you have to. I got two things I want to offer you here. One, if you have never done a budget before, I have a budget tracker that lets allows you to track everything, every single expense, every single income you have.
There's a video that comes along with it. There's a link down below in my description where you guys can get take advantage and get that budget tracker completely for free or you can also use this QR code here on the screen. I also have a personal finance scorecard. This is a free tool. It's for you something fun for you guys to try out and see. And what this does is this is a scorecard to see how you're doing financially. I get comments from you guys all the time where it's like, I don't really know what to do. I don't know how to do this.
I get financial coaching calls from you guys where they're just you guys are stuck. You don't know how you're doing.
Some of you I get on a coaching call, you guys are doing great. Some of you I get on a coaching call and need some work, but we're getting there.
If you guys are ever interested how you're doing personal finance-wise, I have a link down below in my description as well for that personal finance scorecard. Click that, put in your email, and I'll send that to you again completely for free. This how I know inflation getting crazy. A homeless lady just walked up to me talking about something. Can I have $10?
>> $10?
What the [ __ ] is this raindrop doing on my screen?
You know what the [ __ ] I can do with $10?
>> Yo, you know times are bad when homeless people aren't asking for a nickel anymore. I remember walking down the streets of St. Louis late at night, hell, sometimes even during the day. And I would legit have people come up to me asking for a nickel.
Hey, homeboy. Hey, bro. You got a nickel?
What are you going to do with a nickel, dude? And this is even back in 2015.
What are you going to do with a nickel?
Now they're asking for $10.
If that ain't proof that inflation's here, I don't know what is.
>> Man, when I tell you how to make a video on this, bro, cuz it gets to a point, bro. It really gets to a point, bro. I wasn't going to [ __ ] or say nothing, but it gets to the point, bro, cuz it's starting to affect my pockets for real, bro. I'm not liking it, bro. So, bro, gas right now, it got it got to stop, bro. We at I live in Florida, mind you.
I live in Florida, bro. It cost $4.51 for unled gas right now. Mind you, I work an hour away, you feel me? So, I drive to Tampa every day for work, bro.
I spend almost $200 a week in gas. It's at 180 right now. I spend $180 a week in gas for unled, bro. I drive a Honda.
It's supposed to be good on gas, bro.
And I spend $180. I fill up three times a week, bro. From Monday through Sunday, I fill up three times, bro. And it's $180, bro. It's like at this point, you just pay to live, bro. You pay to live, bro. Like, everything's rising, bro. And that's insane, bro. $180 for gas. Mind you, before it used to be like $38 to fill my tank, bro. So, I was spending a less than 100, bro. And now I'm spending It's double. Like, this [ __ ] is crazy, bro. And it got me tight, bro. I'm really here at work. like, yo, this Friday out of my check, 180 about to come out, bro. And I make good money, bro. I'm a CDR truck driver, bro. I make good money. But then I got to think like $180 is coming out of my check just to get to work, bro. Just to get to work.
It's insane, bro.
>> $450 is tough. Uh right now I'm in Missouri and we I just uh filled up my gas today coming back from Costco and I we are at uh a 407 was where we're at right now in Missouri. 407. I'm curious.
Let me know where you guys are at. Let me know where you're at and what a gallon of gas costs in your local area cuz I'm very curious where the different prices are throughout the country. And the biggest problem with gas prices right now is I don't know if you guys remember one of my latest videos that I put out, but I had uh a clip from the CEO of Exxon Mobile on there talking about if the straight does not open anytime soon, how it's going to have the ripple effect on gas prices and how we're still seeing the lag of that. it hasn't caught up to the severity of what the actual gas prices are going to increase from the straight being closed.
I mean, he was saying he he would not be shocked to see $150 a barrel. Guys, I don't know if you know this or not, but I looked this up the other day and talking to a buddy of mine at work and I think the last time we saw over $150 a barrel was 2008.
And I don't know if you remember what happened in 2008, but it was the great financial recession and it wasn't good times.
>> Although not a lot shocks me anymore, but today I was shocked. I had a $20 coffee. Granted, it was the Four Seasons, so maybe that's the problem.
But still, $20 for a cappuccino is crazy. And then second of what?
>> $20.
>> $20, BABE, FOR A CAPPUCCINO.
YEAH, I know. One coffee. $20. I have receipts.
>> The mark is like >> Okay, second thing. I I found $2 in my pocket, right? Like I found $2 in my coat pocket and I was like, I'm going to go buy the lottery. I go to buy the lottery, Aisha. And he goes, it's $5 now. AND I'M LIKE, WHAT? INFLATION? $5.
>> $5 is the lottery that I'm trying to win.
>> Yeah. Like inflation is out of control.
Did homegirl say she spent $20 on a coffee?
Oh my gosh.
Oh my gosh.
speechless.
>> Hey, raise your hand if you understand that just because inflation comes down does not mean prices come down. 3% inflation means that prices raise by 3%.
1% inflation means that prices raise by 1%.
When was the last time we saw negative inflation? I actually know the answer to that. And do you know what it was? We've already talked about it in this video.
So, the opposite of inflation would be called deflation. It's when prices decline. And guess when that happened?
Last time. Go ahead. I'll wait.
2008.
So, unless we're headed for the next great recession, which could happen, I don't know, we may not see prices coming down anytime soon.
Yikes.
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