Strong And Independent Women Are Going BROKE
Episode Stats
Words per Minute
213.96115
Summary
Strong and independent women in Canada are going broke. Why is inflation eating away at their savings? Why is it happening? Why are these women going broke? What is the solution to inflation? And why is this happening in Canada?
Transcript
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but in canada it's mostly women and the men they married that are now technically trapped in their
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homes they can't leave the country even if they want for a better life because they're in debt
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and might pay a mortgage into their yeah and that's the one thing i've learned from interviewing
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so many only fans models is realizing that these chicks can make a bunch of money but they will
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still be broke at 50. there is no way they will not be because none of them have plans literally
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none of them what up guys welcome to the just curly things youtube channel and welcome to my
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reaction series before i start don't forget to subscribe to the channel bring that notification
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bell the way you're going to be notified of my daily videos like the video on your way and guys
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let's get this video to 2 000 likes also while you're at it get yourself a women shouldn't vote
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t-shirt today as you guys know all of the treachery and craziness in society really is linked to women
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voting so let's take that away immediately so today i am going to be reacting to strong and
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independent women are going broke um from sandman mig tao channel so let's play the video
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same man here this video was brought to you by a donation from terry he didn't give me a topic
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so i wanted to share an experience i had a while back helping a couple of women dealing with their
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financial issues unless you've been living under a logger in your parents basement then you'll
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notice the crazy inflation rate the last couple years these two women inherited millions of dollars
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from their father before he passed away and he never taught them about money because he said
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their husbands would take care of it but they decided to go down the old strong and independent
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route and not get married and now inflation is nipping at their cankles and they're worried about
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what to do being that once upon a time i was a financial advisor and that i've solved the inflation
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quagmire for myself i figured i might as well play the part of the white knight and help them
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they showed me what they were invested in and it was mostly bonds cash and blue chip dividend stocks
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the lowest of risk assets but with low risks come low rewards on top of that these days you have to
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earn 10 percent before tax per year on your money to realistically keep up with inflation and live in
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the west these women were petrified of investing in high risk assets like bitcoin and tax stocks
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then it dawned on me so many widows and strong independent whamen out there that are going to
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get eaten alive by inflation like a great big snake eating its own tail or the old polish scarf trick
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which asked the question how do you make a scarf one foot longer the answer of course is you cut a
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foot off one end and sew it onto the other not to pick on the polish people but these days poland is
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one of the most successful economies in europe the scarf or snake is the government printing money and
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devaluing the dineros of independent debutantes to pay for the services that they enjoy thinking
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about this that's when i realized that all the government goodies that women get will come out
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of their own savings and pensions how ironic is that if you're like me you have two jobs now
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one job or jobs is to generate enough income and earn it and the second job is to manage your money
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and prevent it from being stolen through money printing most women i know like the ones i mentioned
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just go to the bank and hire a financial advisor that works on commission or trailer fees the advisor
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then puts them into something safe because remember the financial company collects one or two percent a
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year on management fees so if they take a risky strategy and the asset falls by 50 percent they only get
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half of the asset management fees they would have gone if they just put it into something safe they're
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incentivized to play it safe with your money and let inflation eat most of it away but in this
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financial environment playing it safe means you're living dangerously because of how quickly your
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savings are being devalued gas prices went up recently and that's fueling even more inflation
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no pun intended the central banks are now screwed if they cut rates then we see massive asset inflation
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in stocks and crypto and then people make money and spend it into the economy thus inflation and the
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general cost of living on things like food goes up but if they raise rates or keep them high then you
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see a massive spike in consumers and governments being unable to pay their debts these two women i
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spoke to were complaining about their belief okay wait so i just want to clarify that i understand this
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so basically he's saying the issue with financial advisors is they make it not risky for women or they
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don't do risky investments so they can just take their percentage and bounce but the issue with that
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is then you leave most of your money in the bank and the issue with that is that inflation eats away at
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your money and so it's interesting because all the benefits that women are getting are actually going
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to come out of their savings and retirement so a bunch of women will be in credit card debts don't
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ask me why you're in debt without much money in assets i'll discuss why i think that inflation is
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going to make a lot of women out there broke in a moment but first let me tell everyone about today's
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sponsor the red pill ring robbed by government money printing because they're afraid of taking risks with
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their own money clown world show in a world where having assets protects you from inflation women are
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more risk averse to their detriments two years ago only seven percent of women own crypto while
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sixteen percent amended with stocks forty percent of men own them and only twenty four percent of women
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most women don't want to work a second job by coming home and managing their money they don't want
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to be educated about it either they will gladly pay a man to take care of it if they don't have a
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husband that gives many sleazy scammers the opportunity to swindle tons of single women out there
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out of their money as investment advisors as i was saying single women are more financially fearful
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and risk averse than men are they don't want to own things that go up and down like a palm tree in a
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hurricane i think that the way the elites get people away from the assets they don't want them to own
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and into the ones they do is by increasing or decreasing the volatility cash has the least
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volatility so people think they're safe but in oh so he's saying if people think that it's less
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volatile they can therefore control it because more people do it because it's safe they're losing
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seven or eight percent a year as of late and are just looking at a number instead of what the number
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buys so those two women i helped them buy some assets as a test less than half of one percent of
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their assets and i put one-third into a bitcoin etf one-third into a big tech etf and one-third into
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canadian dividend etfs many good canadian stocks are now paying six to eight percent dividends right now
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as their prices have come down quite a bit i think people have been dumping those stocks realizing
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that even with such generous payouts it's not enough to keep up with the inflation some people
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are saying we're about to see deflation i don't see that with more men than ever going on strike
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and basically no longer working as much if men check out worker shortages mean the cost of labor
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goes up and it's going to be putting pressure on prices of everything also for those stocks their
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dividend income won't cover the cost of inflation plus the banks here in canada and government
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don't want to see asset deflation and are bringing in immigrants to keep the housing bubble propped up
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by creating housing shortages and the banks are converting mortgages to 40 or 50 year loans
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the banks are letting people pay the same amount of money when interest rates were two percent
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as when they're now six percent they just have to pay interest for an extra decade or two to boot
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but in canada it's mostly women and the men they married that are now technically trapped in their
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homes they can't leave the country even if they want for a better life because they're in debt
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and might pay a mortgage into their yeah and that's the one thing i've learned from interviewing
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so many only fans models realizing that these chicks can make a bunch of money but they will
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still be broke if there is no way they will not be because none of them have planned literally none
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of them 70s or 80s people thought that financial repression would be all about not allowing people
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to buy foreign stocks or assets to protect their wealth i think this is a different flavor of it
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where you're stuck in a failing state unable to leave because if you do you go bankrupt and lose
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all the equity in your house you won't even be able to sell it because very few people will be
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able to qualify to buy it at six or seven or maybe eight percent interest at current prices when the
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world economic forum said you will own nothing and be happy could this have actually been what they
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meant that you'll never be able to pay off your home loan and the bank will own it to the day you die
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but you'll still be happy because you think you're a homeowner when technically you aren't huh
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wow that is so interesting because even when you own a home you don't own a home
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wow that's the one thing about about sandman is he's so insightful even when i interviewed him it's
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like he brought up a lot of points that i really didn't even think about you won't own the home you
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live in the car you're leasing or the furniture you bought on a credit card balance and you're still
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happy because you have the illusion of ownership but now the illusion is starting to fall apart
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what happens when ai starts taking people's jobs away and they can no longer service their debts
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the system will forgive some of their debts the way that student loans were partially forgiven
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or the way canadian banks just increased amortization even those that save money in the
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bank and the majority of asset classes are screwed you see the governments in the west have decided
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that the best thing they can do to get out of debt at this point is just to devalue their
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currencies and pay the debt back with dollars that are worth a lot less ironically the assets
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that are the safest from that devaluation are the ones that feel the most unsafe and are the most
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volatile when it comes to their price here in canada most people invested mostly in housing instead of
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stocks and businesses we seem to be facing the bubble of all bubbles now women are playing it safe
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and from what i can tell only three things beat inflation over the last 10 or 20 years in this
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country those being real estate bitcoin and tech company real estate bitcoin and tech are the three
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investments that have beaten inflation that makes sense actually with what i have seen country canadian
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socks for most parts suck except for the relatively fat dividends they pay but there's little to no
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technical innovation here the country is roughly five to ten years behind america with regards to
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tech innovation you have mostly natural resources and banking and the banksters i'm predicting will get
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wiped out by bitcoin eventually and inflation if it continues even women will look for alternative
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assets to invest and besides yeah i do wonder what the future is going to hold when it comes to
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currency um our currency it's like it's so up and down like the pound and the dollar and every time
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i go to the u.s i'm like shocked at how much because i'll go to the u.s every like three or four months
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maybe and every time i go back i'm shocked by how much less i can buy than the last time priced and
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underperforming mutual funds the two women i spoke with the other advisors and sales people they spoke
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with couldn't help them unless they transferred millions of dollars to them what they really meant
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to say is they couldn't help themselves to the management fees no doubts all those single
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successful ladies making great money will make a great target for mostly male financial advisors
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that will prey on them if there's a patriarchy it's definitely on wall street instead of the local
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plumber with his so-called toxic masculinity but women are too stupid to believe it
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and they complained about there being a spider on the wall and i said that spiders are usually
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assigned in money will show up in the future and they started to smile it's an old wives tale that
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they were instantly taken by because i was speaking their language which was wishful thinking women
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believe things like the way that some children do with regards to santa claus and tooth fairy
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women believe things the way that children do yeah actually like i'm gonna manifest my husband
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that sounds like the tooth fairy like that that sounds like the same thing my motives for helping
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them out weren't 100 altruistic though one of them is my client and the more money she makes
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the more she'll be able to pay for my services going forward it just made me wonder how many other
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women were out there like that today inheriting money from their parents that are looking to invest it
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they might be a great demographic to target if you're an investment advisor anyways that's it for
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today thanks to terry for the donation and i hope you enjoyed the topic don't forget to smash the like
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button the way that these women's bank accounts are about to get smashed by the government on once
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it'll be interesting i don't know what i think is going to happen in the future i was i was thinking
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about this do i think eventually there's going to be a bunch of homeless women or will the government
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keep bailing them out and i don't really have an answer but i think we can only do this for so long
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until the reserves run out until everything runs out so i do think you're going to see an increase in
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homeless women to what extent i'm not sure um i think we're going to more of a digital age i think
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you're going to see less relationships more only fans models but i don't know we'll see we'll see
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anyways guys um let me know what you think in the comments i actually i love sandman he is so
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he is so insightful and the stuff he brings up so make sure you go subscribe to his channel as well
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like the video on your way out subscribe to the channel and i'll talk to you next time