JustPearlyThings - November 02, 2023


Strong And Independent Women Are Going BROKE


Episode Stats


Length

12 minutes

Words per minute

213.96115

Word count

2,684

Sentence count

4

Harmful content

Misogyny

30

sentences flagged

Hate speech

15

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

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

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 but in canada it's mostly women and the men they married that are now technically trapped in their
00:00:04.600 homes they can't leave the country even if they want for a better life because they're in debt
00:00:09.560 and might pay a mortgage into their yeah and that's the one thing i've learned from interviewing
00:00:14.140 so many only fans models is realizing that these chicks can make a bunch of money but they will 1.00
00:00:19.980 still be broke at 50. there is no way they will not be because none of them have plans literally
00:00:25.720 none of them what up guys welcome to the just curly things youtube channel and welcome to my
00:00:31.680 reaction series before i start don't forget to subscribe to the channel bring that notification
00:00:36.920 bell the way you're going to be notified of my daily videos like the video on your way and guys
00:00:41.580 let's get this video to 2 000 likes also while you're at it get yourself a women shouldn't vote 1.00
00:00:46.820 t-shirt today as you guys know all of the treachery and craziness in society really is linked to women 1.00
00:00:52.640 voting so let's take that away immediately so today i am going to be reacting to strong and
00:01:00.040 independent women are going broke um from sandman mig tao channel so let's play the video 0.99
00:01:06.360 same man here this video was brought to you by a donation from terry he didn't give me a topic
00:01:10.720 so i wanted to share an experience i had a while back helping a couple of women dealing with their
00:01:15.260 financial issues unless you've been living under a logger in your parents basement then you'll
00:01:19.680 notice the crazy inflation rate the last couple years these two women inherited millions of dollars 1.00
00:01:24.680 from their father before he passed away and he never taught them about money because he said
00:01:29.060 their husbands would take care of it but they decided to go down the old strong and independent
00:01:34.300 route and not get married and now inflation is nipping at their cankles and they're worried about
00:01:40.000 what to do being that once upon a time i was a financial advisor and that i've solved the inflation
00:01:45.320 quagmire for myself i figured i might as well play the part of the white knight and help them
00:01:49.920 they showed me what they were invested in and it was mostly bonds cash and blue chip dividend stocks
00:01:54.480 the lowest of risk assets but with low risks come low rewards on top of that these days you have to
00:02:00.480 earn 10 percent before tax per year on your money to realistically keep up with inflation and live in
00:02:05.980 the west these women were petrified of investing in high risk assets like bitcoin and tax stocks 1.00
00:02:10.960 then it dawned on me so many widows and strong independent whamen out there that are going to 1.00
00:02:15.940 get eaten alive by inflation like a great big snake eating its own tail or the old polish scarf trick 1.00
00:02:21.820 which asked the question how do you make a scarf one foot longer the answer of course is you cut a
00:02:26.740 foot off one end and sew it onto the other not to pick on the polish people but these days poland is 1.00
00:02:32.360 one of the most successful economies in europe the scarf or snake is the government printing money and
00:02:37.380 devaluing the dineros of independent debutantes to pay for the services that they enjoy thinking
00:02:43.180 about this that's when i realized that all the government goodies that women get will come out 1.00
00:02:47.340 of their own savings and pensions how ironic is that if you're like me you have two jobs now
00:02:52.880 one job or jobs is to generate enough income and earn it and the second job is to manage your money
00:02:58.760 and prevent it from being stolen through money printing most women i know like the ones i mentioned 1.00
00:03:03.200 just go to the bank and hire a financial advisor that works on commission or trailer fees the advisor
00:03:09.100 then puts them into something safe because remember the financial company collects one or two percent a
00:03:14.520 year on management fees so if they take a risky strategy and the asset falls by 50 percent they only get
00:03:20.360 half of the asset management fees they would have gone if they just put it into something safe they're
00:03:25.220 incentivized to play it safe with your money and let inflation eat most of it away but in this
00:03:29.820 financial environment playing it safe means you're living dangerously because of how quickly your
00:03:34.840 savings are being devalued gas prices went up recently and that's fueling even more inflation
00:03:39.680 no pun intended the central banks are now screwed if they cut rates then we see massive asset inflation
00:03:46.400 in stocks and crypto and then people make money and spend it into the economy thus inflation and the
00:03:52.500 general cost of living on things like food goes up but if they raise rates or keep them high then you
00:03:57.040 see a massive spike in consumers and governments being unable to pay their debts these two women i 1.00
00:04:02.200 spoke to were complaining about their belief okay wait so i just want to clarify that i understand this
00:04:06.800 so basically he's saying the issue with financial advisors is they make it not risky for women or they
00:04:13.400 don't do risky investments so they can just take their percentage and bounce but the issue with that
00:04:18.360 is then you leave most of your money in the bank and the issue with that is that inflation eats away at
00:04:24.140 your money and so it's interesting because all the benefits that women are getting are actually going 1.00
00:04:28.780 to come out of their savings and retirement so a bunch of women will be in credit card debts don't 1.00
00:04:34.000 ask me why you're in debt without much money in assets i'll discuss why i think that inflation is
00:04:39.500 going to make a lot of women out there broke in a moment but first let me tell everyone about today's 0.57
00:04:44.180 sponsor the red pill ring robbed by government money printing because they're afraid of taking risks with
00:04:49.880 their own money clown world show in a world where having assets protects you from inflation women are 1.00
00:04:54.100 more risk averse to their detriments two years ago only seven percent of women own crypto while
00:04:59.980 sixteen percent amended with stocks forty percent of men own them and only twenty four percent of women 0.61
00:05:04.800 most women don't want to work a second job by coming home and managing their money they don't want 1.00
00:05:09.120 to be educated about it either they will gladly pay a man to take care of it if they don't have a 0.81
00:05:13.860 husband that gives many sleazy scammers the opportunity to swindle tons of single women out there 1.00
00:05:18.760 out of their money as investment advisors as i was saying single women are more financially fearful 1.00
00:05:24.160 and risk averse than men are they don't want to own things that go up and down like a palm tree in a
00:05:28.380 hurricane i think that the way the elites get people away from the assets they don't want them to own
00:05:32.620 and into the ones they do is by increasing or decreasing the volatility cash has the least
00:05:37.040 volatility so people think they're safe but in oh so he's saying if people think that it's less
00:05:43.060 volatile they can therefore control it because more people do it because it's safe they're losing
00:05:48.560 seven or eight percent a year as of late and are just looking at a number instead of what the number
00:05:53.500 buys so those two women i helped them buy some assets as a test less than half of one percent of 1.00
00:05:59.100 their assets and i put one-third into a bitcoin etf one-third into a big tech etf and one-third into
00:06:05.240 canadian dividend etfs many good canadian stocks are now paying six to eight percent dividends right now
00:06:10.720 as their prices have come down quite a bit i think people have been dumping those stocks realizing
00:06:15.480 that even with such generous payouts it's not enough to keep up with the inflation some people
00:06:20.120 are saying we're about to see deflation i don't see that with more men than ever going on strike
00:06:25.240 and basically no longer working as much if men check out worker shortages mean the cost of labor
00:06:30.580 goes up and it's going to be putting pressure on prices of everything also for those stocks their
00:06:35.240 dividend income won't cover the cost of inflation plus the banks here in canada and government
00:06:38.940 don't want to see asset deflation and are bringing in immigrants to keep the housing bubble propped up 1.00
00:06:43.440 by creating housing shortages and the banks are converting mortgages to 40 or 50 year loans
00:06:48.540 the banks are letting people pay the same amount of money when interest rates were two percent
00:06:52.700 as when they're now six percent they just have to pay interest for an extra decade or two to boot
00:06:58.460 but in canada it's mostly women and the men they married that are now technically trapped in their
00:07:03.560 homes they can't leave the country even if they want for a better life because they're in debt
00:07:08.080 and might pay a mortgage into their yeah and that's the one thing i've learned from interviewing
00:07:12.660 so many only fans models realizing that these chicks can make a bunch of money but they will 1.00
00:07:17.340 still be broke if there is no way they will not be because none of them have planned literally none
00:07:22.620 of them 70s or 80s people thought that financial repression would be all about not allowing people
00:07:27.640 to buy foreign stocks or assets to protect their wealth i think this is a different flavor of it
00:07:32.560 where you're stuck in a failing state unable to leave because if you do you go bankrupt and lose
00:07:38.120 all the equity in your house you won't even be able to sell it because very few people will be
00:07:42.520 able to qualify to buy it at six or seven or maybe eight percent interest at current prices when the
00:07:49.120 world economic forum said you will own nothing and be happy could this have actually been what they
00:07:53.560 meant that you'll never be able to pay off your home loan and the bank will own it to the day you die
00:07:58.420 but you'll still be happy because you think you're a homeowner when technically you aren't huh
00:08:03.740 wow that is so interesting because even when you own a home you don't own a home
00:08:09.960 wow that's the one thing about about sandman is he's so insightful even when i interviewed him it's
00:08:16.880 like he brought up a lot of points that i really didn't even think about you won't own the home you
00:08:20.920 live in the car you're leasing or the furniture you bought on a credit card balance and you're still
00:08:25.420 happy because you have the illusion of ownership but now the illusion is starting to fall apart
00:08:29.640 what happens when ai starts taking people's jobs away and they can no longer service their debts
00:08:34.760 the system will forgive some of their debts the way that student loans were partially forgiven
00:08:38.840 or the way canadian banks just increased amortization even those that save money in the
00:08:43.840 bank and the majority of asset classes are screwed you see the governments in the west have decided
00:08:48.500 that the best thing they can do to get out of debt at this point is just to devalue their
00:08:52.300 currencies and pay the debt back with dollars that are worth a lot less ironically the assets
00:08:57.740 that are the safest from that devaluation are the ones that feel the most unsafe and are the most
00:09:03.020 volatile when it comes to their price here in canada most people invested mostly in housing instead of
00:09:08.420 stocks and businesses we seem to be facing the bubble of all bubbles now women are playing it safe 1.00
00:09:13.580 and from what i can tell only three things beat inflation over the last 10 or 20 years in this
00:09:17.680 country those being real estate bitcoin and tech company real estate bitcoin and tech are the three
00:09:23.460 investments that have beaten inflation that makes sense actually with what i have seen country canadian
00:09:29.120 socks for most parts suck except for the relatively fat dividends they pay but there's little to no
00:09:33.700 technical innovation here the country is roughly five to ten years behind america with regards to
00:09:38.800 tech innovation you have mostly natural resources and banking and the banksters i'm predicting will get
00:09:44.000 wiped out by bitcoin eventually and inflation if it continues even women will look for alternative 0.98
00:09:48.900 assets to invest and besides yeah i do wonder what the future is going to hold when it comes to
00:09:54.360 currency um our currency it's like it's so up and down like the pound and the dollar and every time
00:10:01.520 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
00:10:06.620 maybe and every time i go back i'm shocked by how much less i can buy than the last time priced and
00:10:12.580 underperforming mutual funds the two women i spoke with the other advisors and sales people they spoke 0.92
00:10:18.040 with couldn't help them unless they transferred millions of dollars to them what they really meant
00:10:22.860 to say is they couldn't help themselves to the management fees no doubts all those single
00:10:26.860 successful ladies making great money will make a great target for mostly male financial advisors 1.00
00:10:31.820 that will prey on them if there's a patriarchy it's definitely on wall street instead of the local 0.97
00:10:36.940 plumber with his so-called toxic masculinity but women are too stupid to believe it 1.00
00:10:41.320 and they complained about there being a spider on the wall and i said that spiders are usually
00:10:48.380 assigned in money will show up in the future and they started to smile it's an old wives tale that
00:10:54.660 they were instantly taken by because i was speaking their language which was wishful thinking women 1.00
00:10:59.500 believe things like the way that some children do with regards to santa claus and tooth fairy
00:11:03.940 women believe things the way that children do yeah actually like i'm gonna manifest my husband 0.98
00:11:10.300 that sounds like the tooth fairy like that that sounds like the same thing my motives for helping
00:11:15.400 them out weren't 100 altruistic though one of them is my client and the more money she makes
00:11:20.060 the more she'll be able to pay for my services going forward it just made me wonder how many other
00:11:24.500 women were out there like that today inheriting money from their parents that are looking to invest it 1.00
00:11:29.320 they might be a great demographic to target if you're an investment advisor anyways that's it for
00:11:34.460 today thanks to terry for the donation and i hope you enjoyed the topic don't forget to smash the like
00:11:39.040 button the way that these women's bank accounts are about to get smashed by the government on once 1.00
00:11:43.460 it'll be interesting i don't know what i think is going to happen in the future i was i was thinking
00:11:48.700 about this do i think eventually there's going to be a bunch of homeless women or will the government 1.00
00:11:53.400 keep bailing them out and i don't really have an answer but i think we can only do this for so long
00:12:00.080 until the reserves run out until everything runs out so i do think you're going to see an increase in
00:12:07.760 homeless women to what extent i'm not sure um i think we're going to more of a digital age i think
00:12:13.020 you're going to see less relationships more only fans models but i don't know we'll see we'll see
00:12:18.560 anyways guys um let me know what you think in the comments i actually i love sandman he is so
00:12:24.100 he is so insightful and the stuff he brings up so make sure you go subscribe to his channel as well
00:12:29.420 like the video on your way out subscribe to the channel and i'll talk to you next time