How Can I Sign New Hampshire Banking Forbearance Agreement

How can i industry sign banking new hampshire forbearance agreement

[Music] hey good tuesday morning everyone it is october 27th 2020. welcome to morning invest the only progressive business show on the planet i can safely say that i can't think of another one if you can please tell me today on the show we're going to be talking about wall street takes a nose dive because there's no stimulus oh is wall street upset about that they already got five trillion dollars what about you we're going to look at the 2021 financial crisis which is unfolding i'm going to show you exactly how it's unfolding then we'll look at the states with the highest credit card debts can you guess which state wins give me your vote before we get to that segment tell me which state you think wins the highest credit card debt we'll get to all of that and more on the show today but first to tell you about our friends over at outlet finance you can get some free money deposited in your account right now by going to morninginvest.com outlet it's a savings account alternative now how this works is it's backed by cryptocurrency so a lot of you want to know like how do i get my money out of this crazy banking system well here you go earn six percent annually on every dollar you save six percent apr phenomenal you're not going to get that kind of a return by using your traditional bank savings account so it's backed by ethereum cryptocurrency you can deposit your money anytime withdraw it at any time and they will deposit free money into your account it's a savings account so you don't you can start it with as little as 10 bucks 100 bucks you can put whatever you want in there obviously the more you put in there the higher interest rates you get and you have to do it through our link morninginvest.com outlet is how they'll know you came from us and plus you get free money deposited in your account i know some of you tried to download the app and you're like where's the free money and they get on you with support and they're like well you didn't use the link you have to use that link otherwise it won't work so our thanks to outlet for providing an amazing way of getting some savings that's outside of this corrupt government wall street banking system so thank you to them well the dow jones industrial average dropped 650 points on monday as coronavirus cases surged adding worries about the economic outlook after congress and the white house failed to agree on a much anticipated fiscal stimulus deal there's no stimulus nothing at all despite what uh you know despite what youtubers will tell you there's no stimulus all of their focus of course was on confirming amy coney barrett to the supreme court which happened officially last night she's now officially a supreme court justice and president trump though would have you remember during the debate just a few days ago when he said the stock market is having records the stock market will collapse if i'm not re-elected it will we will go into a depression he pointed to joe biden we will go into a depression if if if i am not re-elected yeah well you your your terrible leadership is not making wall street very confident this morning 650 point drop you know historically if you want to go back through history all the way back to like 1920 or 1908 or something the week before the presidential election is good for stocks yeah since 1928 the stock market has usually risen in the last full week before the contest not this time though something's different this time it's because we are on the precipice of a disaster folks all you need to do is look at some of the headlines just look at some of the random headlines from across across the newspapers this morning here's one struggling rental market could usher in next american housing crisis that's just one headline low-income workers suffer a second stimulus check prospects are dim stocks on slide on coronavirus uptick fading stimulus hopes the u.s and several countries in europe face elevated case levels fueling concern over additional restrictions yeah and now we have this new housing data which is out this morning and this is really troubling millions of renters are now behind on their payments mass evictions could come soon we knew this was coming i'm surprised that this is uh this is like a bit of a surprise to wall street evictions are coming remember all of those you know all of those eviction moratoriums are pretty much drying up across the country the amount of unemployment benefits gone basically eliminated now rental assistance there's no rental assistance there's nothing in the way of stimulus to help these people stay in their homes how many of you right now yesterday on our show i asked you you know how many of you have been affected by this have you lost a job pay your rent bills etc and so many of you it was breaking my heart i mean i i saw my wife after the show i said i couldn't believe it just like on the screen and phil maybe we can even do that during this segment just anyone who's affected by this just put him up here you know lost my job there are people saying i'm homeless now i'm homeless richest country in the world someone in my comments the other day said why do you keep saying richest country in the world most people aren't rich yeah we are the wealthiest country in the world and that wealth is consolidated at the top and these billionaires who've made billions of dollars more during this pandemic while low-wage workers were kept out of poverty because of the cares act here's the the poverty numbers just take a look at this the monthly poverty rates before and after the cares act look at this it because of the cares act we were kept out of poverty yeah nancy dubin i got a threat of a disconnect electrical disconnect i mean this is real folks if it wasn't for credit cards we've been in serious trouble darlene says yeah affected amy baker says and the data this morning for low-wage workers suffer as a second stimulus check prospects dim now if you watched my show last week of course you know about the stock market problems that are coming the stock market problems are really going to be affected by in three different ways the reason we're going to see a stock market collapse in the next few months we talked about price versus earnings right the p e ratio so the fact that these companies aren't earning they're not making money government debt the amount of government debt is off the charts the government debt is at a level we've never seen before and the federal reserve keeps creating new currency printing money if you want to call it that it's unsustainable and then of course the buffett indicator we talked about the buffett indicator which shows that the stock market is massively overvalued why because so many of these companies are buying up their own stocks in these share buyback programs therefore artificially inflating the the stocks they're not investing in research and development they're not hiring people they're laying people off but see there's a there's even something that's even more fundamental to all of this and the reason this collapse is coming it's because of small and medium businesses their collapse is going is destroying our gdp and is going to destroy our country so yelp released their numbers and 163 thousand 163 thousand businesses have closed in the united states since march first the numbers represent an increase of 23 percent since july 23 increase in the number of businesses that have closed since july that at the time is when the count of closure sat at about 132 000 businesses i hate to see the numbers in the next few weeks but see all of the concern you want to talk about wall street numbers being down there's all this concern about wall street oh stocks slip because of stimulus what are they scared about you know what they're really scared about is you not being able to buy stuff what they're really scared about is the small business that's going to go under and is going to overall affect the gdp of this country because remember these large companies my friends do not pay taxes so how do we raise money in this country gross domestic product how does our country run it it runs on you spending money and so when we had a stimulus plan in place guess what happened money was spent the economy kept moving the government relies on you spending money small businesses pay taxes the difference here is that these large companies don't pay taxes i mean the outrage just a few weeks ago about you know donald trump and his taxes yeah that's normal for these big guys i'm not going to mention any of these companies names because i don't want them to file a complaint and have my video taken down by the way i'm telling you what yesterday evan got another issue because i talked about something that the you know big mainstream media doesn't want us talking about and i have to deal with that on the back end now with youtube so i don't want to mention their names these big companies that have these offshore accounts these you know off uh the these uh they said you know headquarters in ireland and other places so they don't have to pay taxes so all of these big companies that pay zero in taxes and so the way that the federal government looks at it says we want to make sure they're okay so we stimulate them give them trillions of dollars in bailout money because they think they're the largest employers they're not the largest employers in our country are small and medium-sized businesses you know who these big businesses are i don't need to name names they're paying zero they're paying zero so the way that this collapse is going to unfold is a lack of consumer spending in in the next in the next few months a lack of money going into the broader gdp and economy the federal government being unable to collect any revenue from taxes the inability to pay back this debt and that's why you're starting to see the fracturing on wall street the nerves on wall street because it looks like their heyday is coming to an end so again if you've got your money right now in the in this corrupt wall street system you need to think differently about it now i'm not a financial advisor but i'm telling you if my 401k were tied to these crooks i would be concerned you know on the show this week i'm going to show you some different companies that you can invest in i have no connection to them at all but they are you know i'm a progressive so i want to be able to invest in things that help people that are recession resistant recession proof in many ways so i've been analyzing a number of companies that invest in in in clean renewable energy like geothermal wind solar looking at these different types of renewables that have exploded in popularity over the past few years and have been recession proof because no state government can bring them down we need energy we need clean energy and this is the future now you're seeing all of these big oil companies starting to rebrand themselves starting to move away from oil starting to try to move towards these renewables because they see the future the writing on the wall it's unsustainable do you want to be out in front on it there's a there's billions of dollars to be made and guess what at the end of the day you can feel good about your investing because you're actually investing in something that's not tied to this corrupt wall street but if you're 401k your pension all of this stuff is tied there you better start thinking of an exit plan you better start looking at about how you can with the cares act at least you can pull that money out and reposition that money because it's coming i saw this the other day and this is exactly what i think is going to happen this meme i saw last night i showed it to my wife right isn't that true like look at that wave how many of you guys have seen this there's 20 20. it's a pretty large wave right is that a 15 foot wave look at 20 21 right behind it 163 000 businesses have closed since march 1st the wave is coming and it's only going to get worse the reason the federal reserve is saying that they're going to continue these stimulus plans for big businesses in the banks is because they know the disaster that's unfolding if people cannot pay their rent they cannot pay their mortgages they can't put food on their table how are people going to pay for going to the movies how are people going to pay for any of that stuff anymore so all of the stimulus the five trillion dollars that went to these these large corporations great didn't help you well it did for a short amount of time the peanuts that you were able to get from your federal government it helped you for a short amount of time this isn't about handouts folks this is about smart monetary policy this is about about smart fiscal policy this is about your federal government your congress your president saying here's the real problem it's the low-income workers it's the food service workers it's the hospitality sector it's all of the engine of our economy that is collapsing they're not they're losing their houses they can't pay their rent they've lost their job they have no health care yeah wall street's numbers are doing great yeah for a little a little bit while longer you you ride that wave wall street sit back and enjoy that little wave you're making some good money right now aren't you artificially inflating your stock prices with these share buybacks again cnbc is not going to talk about this because you know the problem with of course corporate media is that you have eight billionaires basically that run the show they don't want you scared they want you to keep investing in the stock market because they make money when you do that all of the advertising that they have in every commercial break why are there so many commercial breaks during that squawk box show it's all wall street companies that want you to invest with them why are they spending millions of dollars on cnbc so you will spend money with them why do they need to spend that much money to get you to invest with them and yet you don't and some of these renewable companies i'm talking about don't do any they don't do any advertising at all there's a reason for that right what's the old saying about like you don't see ads for broccoli you don't see anything worth having doesn't have advertising isn't that interesting michael pollan said that yeah oh michael pollan a great book by the way if you ever get a chance to read it the omnivores dilemma anything with that what do you see broccoli commercials do you see clean air commercials no but you'll see billion dollar advertisements to get you to invest with these different uh wall street firms that will make thousands of dollars off of your money and who by the way aren't even investing in the stocks they tell you to invest in you know we interviewed a financial advisor who said the reason like financial advisors won't talk to you about real estate investing is because they make no money off of it and one of the things he said is that almost every in uh financial advisor he knows you know will recommend all these different funds that none of them own any of so like when i tell you about outlet you know you can get a six percent return right now as a savings account that's tied to cryptocurrency and not this corrupt wall street government banking system i actually have a lot of money in outlet i'm not an investor but i have my money in a savings account because i walk the walk i invest in real estate but these fund managers these financial advisors don't even don't even own any of the funds they're recommending to people folks if you add all of that up how can you how can a rational person not think we are heading for a collapse in the next few months how can a rational person i had one person leave me a youtube comment by the way i read all of your comments so if you want to leave me a comment i read them even the ones that are off the wall i read them even the ones that are nice i read those even the ones that are mean i read those i have thick skin someone said uh left me a comment a few weeks ago that said what are you worried about clayton that the government will just bail them out bail who out you see what i'm getting at here it's not just wall street it's not it's not like amazon these big companies that are going o be fine that's not who we're worried about here what i'm talking about is the incredible weight of this economy collapsing because there is no money coming from consumers to buy anything anymore and the fuel and the energy yeah the fuel and the entire uh engine of our economy is small businesses small and medium businesses it's not those massive companies that pay zero dollars in taxes it's the companies that actually pay taxes that actually employ more americans over 70 percent of americans are employed small and medium-sized businesses that are collapsing left and right and government sits back and does nothing is that surprising wall street says this morning stock investors bets they're eyeing a biden victory pretty much wall street you know believes that biden's about to win i mean i think any sensible person is i get a few youtube comments from time to time that are people like clayton you're you're stupid trump's the greatest president of all time he's gonna win in a landslide okay we'll see let's re-rack those comments in a in a week maybe you're right maybe wall street's wrong maybe vegas betting odds and all these guys that bet on all this stuff and look at these look at these polls are wrong maybe trump's team is wrong by the way because trump's looking at internal polling why has he pulled up shop and not spending money in a lot of these battleground states anymore and they're repositioning that money in states they hope that they can keep a fire line on pennsylvania and florida why are they not spending that money anymore in these other states you gotta ask yourself that question right but i'm the idiot okay the bottom line is it doesn't matter who wins when it comes to this type of monetary policy because we're not getting a stimulus anytime soon if biden wins we're not getting anything until january if trump wins yeah all of his all of his rich friends are fine on wall street and mitch mcconnell with all of his big energy money does not want to pass any kind of a stimulus plan so you think a stimulus plan is going to come in the next week no way this is why 2021 and into 2022 i even saw a separate meme like here's the 2021 graphic there was another one that had uh godzilla behind it like 2023 or 2022 is godzilla standing behind that wave it's real let me know your thoughts on that in the comments i will read them all and don't forget to subscribe to the channel by the way we have our daily morning newsletter which goes on first thing in the morning you have to subscribe it's totally free and hopefully it makes you smarter it helps you navigate this crazy this crazy corrupt world i'm going to be looking a little bit more closely in the newsletter about some of these renewable companies you know some of the stories that we cover in the newsletter we talk about plastics we talk about the things that matter to the future of this country we cover the stimulus so go to morninginvest.com please and subscribe it's totally free and you'll get it first thing in the morning over your cup of coffee we've got more to get to here on the show we're looking at young people voting the latest numbers we're also going to look at a new harvard business study we're going to look at the states with the highest credit card debt and the states that have the highest credit score what state do you think it is let me take a poll right now mad martinian says the world is a scary place now that you've woken up the demon you know ignorance ignorance is bliss you know most people just don't most people just want to tune in to to cnn and just kind of be forced you know spoon fed all of this stuff all they want to do is hear how terrible trump is and just cover over anything that that you know anything that biden's past ignore ignore all of biden's past ignore that's a distraction you think new york has the highest credit card debt mr wisdom seeker new york city highest credit card debt illinois or indiana matthew bracey says pennsylvania princess diana alaska ken pinette massachusetts california all good gall good questions all good guesses new jersey and we're talking about you know people with credit cards right california by the way someone's just asking me how can i become a channel member if you want to support independent journalism you can become a channel member we are not bought and sold by any of the big news corporations here so we get to cover the stories that i think matter to you until we get yanked off of youtube you can become a channel member by going to morninginvest.com join and for as little as a cup of coffee once a month you can support our show and all of the work that we do here at morning invest so thank you so much for supporting independent journalism thank you thank you all right we've got more to get to here on the show just wanted to take a little coffee break sometimes you just need to slow down you know when you get to be my age you just gotta slow down a little bit come on man sorry jill young people are voting a national poll of america's 18 to 29 year olds released today by the incident institute of politics at harvard kennedy school found historic historic interest in the upcoming election we covered this in the newsletter this morning with a higher proportion of respondents indicating that they will definitely be voting than has been observed in the past 20 years since these polls have been conducted so here is the new harvard here's the harvard news study came out this morning harvard youth poll they looked 18 to 29 year olds historic interest in the upcoming election most in decades and so president trump is uh shaking this morning because overwhelmingly according to this study the number of people who are voting for biden i'm sorry overwhelmingly the number of young people are voting for by not surprising they have great voter turnout you have all these tick tock celebrities and you know hollywood types doing all this stuff on instagram and you know all these hollywood all these hollywood elites you know get out there and vote it's a way to make a change we care about the environment right everything's going to change under biden is how they're spinning this that's how it'll all it'll all be different under biden so all these young people that a lot of them you know we're bernie sanders supporters and then they see bernie out there saying hey you know i couldn't get much done but now you got to go with biden that's where the real deal is now but they're they're gonna vote and they're lining up to do so but not all of them some people are not actually fooled by this some people are not actually fooled by all of this elite liberal media and all of these rich hollywood celebrities who are getting out there on twitter and facebook and doing all these fundraisers and stuff it's fun to watch this on youtube right all these all these like 80s stars who are popping back up doing doing stuff and trying to get people to vote gotta vote for biden i haven't seen you i even saw mark hamill the other day i follow him on twitter mark hamill of course luke skywalker i love the guy however i saw him tweet something the other night where he said i you know i just can't wait till biden wins and we get we can go back to normal where i can just go back to tweeting cat pictures or fun animal pictures because that's about that's what's about to happen with all of these young people is they can all go back to sleep as soon as soon as biden wins and nothing changes they can pretend that they've fulfilled their destiny and they can go back to sleep but not all of these young people i was this has been going viral and the reason that this is going viral this video is because it's rare that msnbc or any of the mainstream media are going to cover stories like this where they actually tell the truth about what's happening among undecided voters so you'll see these i'm sure you've seen these like little would love to watch that right where she just berates people just insults people with that smirk on her face then over on msnbc they have this little town hall where they have all these people socially distanced out on a park bench somewhere like why are you you haven't figured out who you're voting for yet don't you watch msnbc we've been telling you for months don't vote for sanders don't vote for bernie sanders you gotta vote for biden don't you remember barack obama the good old days so msnbc did this video the reason it's going viral is because like i said they don't ever do these types of segments so once in a rare moment you get these like uh flashes of truth on the mainstream media watch this group of young black women sit down with christine jansen over at msnbc and respond and being asked why they're still undecided like i just we couldn't figure it out so we just had to ask these women like why aren't they voting for biden can you tell us why not listen i am totally undecided i'd write your name in at this point usually by now i would have voted already but i i'm just not comfortable with either one of them right now what are you looking for what do you need to hear let's start at the crime bill in effect what what what are you looking for what do you i mean really hasn't biden given you all everything you need what do you need to hear like that's what we're trained to do right is just to hear platitudes from these politicians what do you need to hear what do you need to hear how will that make you feel what do you need to hear at this point will that make you feel any better if you just hear the words but i i'm just not comfortable with either one of them right now what are you looking for what you need to hear what are you what are you looking for what do you need to hear come on haven't you seen biden come on man what are you looking for well now we get some real answers here listen to what we're looking for listen to these women who are sick and tired of being spoon-fed this garbage at the crime bill in the fact that he has not not only not apologized not only he is not he's not only not rectified every time he reverts back to will it was some the black caucus members in the in the church where they were with it too okay you fooled them as well you know you never said i'm sorry you know it's like i didn't do it i want to hear an iron clad plan so the very first thing they talk about is the thing that basically you know it got swept under the rug during the debate got brought up a little bit the crime bill and at least biden was conciliatory and said that it was a mistake but he's never come out and apologized for it yeah the crime bill that has locked up a disproportionate number msnbc just didn't cut it short but they let it go the reason that so many young black men are incarcerated in this country you know one out of 50 children in this country have a have one member of their family in prison in fact we covered it in the newsletter this morning i think and a group um that is doing a fantastic job of actually trying to allow these individuals who are behind bars with non-violent drug offenses to be able to vote the fact that we have to have and it's an amazing organization you should check it out i'll have a link in the show notes for it it's the sentencingproject.org we wrote a whole story about it today in the newsletter they've done an amazing job of trying you know getting voting booths in prisons so these people can go and vote in prisons because of the disenfranchisement so check out the sentencing project but the fact that we have to i mean the fact that we have to even have a group like this that's helping people get their voter rights the 5.2 million americans cannot vote because of a felony conviction one out of every 16 african americans has lost their voting rights due to felony disenfranchisement one in every 59 non-black voters versus one in every 59 non-black voters do you think that's not you want to talk about systemic racism it's part of the system that was written into law and championed by joe biden let's listen more i don't want to hear if this or if that or after the election does the presence of kamala harris on the democratic ticket sway you at all not at all i don't know who said she had our vote the mainstream media did because in the days after kamala harris kamala harris was selected as the vice presidential nominee on the democratic ticket oh there was just like swooning going on talking about how much money the biden campaign is raising now all this money from hollywood pouring in all of these all of these limo liberals that we were talking about right all of that money pouring in from hollywood because we can feel good about ourselves you know i love larry david you know creator seinfeld but it's that same group of people that always come around this time you know throw their money behind these types of candidates so they can feel good about themselves so they can go back to their golf course play more golf hang out with al gore go sit around and watch inconvenient truth movies together and then they can just turn a blind eye so biden gets in there he's going to win and then what happens any change for these women so these women are not fooled by this yeah we have all of these young people voting that's great but my biggest fear is that we end up you know we have all of these young people voting according to this new harvard kennedy school of politics poll that just came out this morning an overwhelming almost historic level of young people voting but they're being lied to my fear my hope is that this group of young people is mobilized into action listen to them i mean listen to these women that's not we were supposed to grab on to kamala with the black girl magic but that didn't happen because she she didn't right or wrongs like i hold officials accountable i don't care what color you are and i think that too often we automatically think that because someone looks like you that they're gonna have your best interests at heart and that's that's just not that's just not true so what are the choices you know all these people trump or biden trump who's been a narcissistic nut job rolling back regulation in hundreds of different areas across the country to allow big companies to to to go forth and pollute as much as they want clean water clean streams rivers clean air that's your choice that's one choice misogynistic grab em by the you-know-what donald trump or joe biden the guy who voted to expand our military footprint twenty percent continue these foreign wars expand the number of wars we were in from two to seven under barack obama vote for the crime bill which has a disproportionate level of incarceration for black young black people in this country destroying families for the same types of drug offenses that whites get away with it's inconvenient to talk about i don't want to talk about this it's uncomfortable if you want to be comfortable then just be spoon-fed from cnn or msnbc or fox you're put you know your typical talking points but we're not we're not talking about it enough trino biden has 40 years of examples of why you shouldn't vote for him trump has four years of examples of why you shouldn't vote for him so what's the middle what do you do what are the solutions so these women are like i don't know what to do she says at the beginning at this point i'm just going to write your own name in that's what she said at the beginning i'm just going to i feel like i'm going to write your name in is a write-in candidate i am totally undecided i'd write your name in at this point usually by now i'd write your name in at this point you know this stuff didn't start under um president trump this stuff started many years ago and so you want to blame all of the ills of the world on president trump okay if that makes you feel better you think well if i vote for a third party kit then i'm just throwing away again i come back to one big thing we could do to change all of this is ranked choice voting and this can happen with all of you at the state level demanding that this be the way of the land in your state maine managed to pull it off the state of maine managed to pull it off again i keep talking about ranked choice voting which means you get to vote based on your conscience if you want to vote for joe jorgensen in maine as your first choice guess what the second choice you can pick joe biden because you know what if joe jorgensen doesn't get 50 of the popular vote or of the uh you have the popular vote there then it bumps down to the second choice you're ranking your choices yeah you want number one you want joe jorgensen number two you want uh howie hawkins number three you want mark charles native american candidate number four you want uh trump in that order that's how it works that's how the state of maine works that's how this entire election process should work drop me a comment below i'd love to hear your thoughts about this i love this video though it's one of those rare moments from the mainstream media and i love that they only found three women by the way hey uh can you guys go out and find three black women we just you know we've been we've been totally in the tank for for biden can we just go do a segment where we pretend that we have some objectivity can you find three black women for me please who are undecided i don't know where do you where do they hang out let's send christine jansen down there chris janssen whatever her name is let me know am i am i wrong what do you disagree with am i right drop me a comment below i'll read them all and don't forget to subscribe and if you because i see so many of you are watch the show but then youtube tells me that only 70 or 30 percent of you are actually subscribed to the channel we do this show live 9 a.m eastern time every day covering the stories that are uncomfortable and real and they make me uncomfortable to cover to be honest with you but that's why i know i'm doing something right when i get uncomfortable then i know that we're onto something right right we only grow through discomfort if it's so easy then no one would do it right smash that like button i want to talk about the states with the highest credit card debt in a second how's grover dog doing still passed out let me take some viewer comments yeah i see that i'm getting little spikes here from youtube anna lee good to see you so apparently we're getting some fluctuations and who knows casey says i'm a black woman and i don't want either of these losers james anderson says what about the stimulus i talked about at the beginning of the show a little bit in the context of how we are facing an economic calamity in the next few months but i'm not talking about any stimulus because there is no stimuli see wall street and they love biden lately it's so funny to watch the wall street journal and these other there all these stories about it and i'm not blaming the journal because journal's owned by uh you know rupert murdoch but you know who's donated massively to trump look at this and fearful of a stimulus but man they're betting on they're betting on biden stock investor hey this is true how many of you feel this though i mean i look at this everyone's like oh i can't wait for 2020 to be over yeah okay yeah okay all right yeah let's wrap this up then we'll do uh something's happening with youtube imagine that all right well estates with the highest credit card debt is out the new study um from experian by the way isn't experiencing one of those like credit companies that you like have to pay or they like monitor your credit and then you have to like try to fight them to get your credit scores fixed like experian transunion one of them right anyway they they look very closely at all of your all of your credit and the states with the highest credits card score the credit scores is out but also the highest credit card debt and you can learn a lot from this study actually so here they have the average score 60 they have 2.4 retail cards so you got retail cards like i have a victoria's secret card no i don't i have a panera card fed panera bread so i can get a free coffee all my 10th coffee is free now the retail cards of course you know you think oh when you're in checkout line at macy's and all of those they're like oh yeah you want to save 10 right now sign up for one of these cards in fact that's how my credit got dinged years ago because i signed up for one of those cards one time at like christmas time because i was broke you know and i didn't i forgot about the card i paid for it with that card and then i forgot that i ever had the card and it was only like a 20 purchase anyway that ended up coming back and biting me and ruined my credit because i forgot i had that stupid card don't buy one of those stupid cards you know unless you're going to target every day i guess anyway the average number of credit cards three credit cards in this country minnesota is the state with the highest average credit score so minnesota congratulations you have the highest credit score in the country according to experience 2020 analysis of the nation's credit good for you you're doing something right on your credit other high score states include vermont south dakota new hampshire and wisconsin so good on you these are of course many of them are wealthy states of course the lowest credit scores the states with the lowest thousand dollars in mortgage debt look at that 25 000 in non-mortgage debt and the average past due right now is two point four percent which is somehow down from 2019. i know it seemed but i don't i'm not that positive on it i think the real story is that this can has been kicked down kick kick down the street a little bit and we're going to see this number go up significantly once these uh you know once these uh mortgage forbearance programs and any kind of unemployment benefits for a state level dry up any type of these programs dries up and of course foreclosure processes start and all of those things start they're all kicked down the you know kick down the street a little bit into 2021 that's why 2021 is going to be a disaster but the fact that the united states has this much debt that americans are saddled with this much debt and this doesn't even account for student loan debt america is drowning in debt the lower middle class i mean we didn't have a middle class anymore lower wage people lower income americans hit the hardest with the lowest credit scores and the highest amount of debt and so congress could do us all a favor the president could do us all a favor we're able to come in and bail out these massive banks when they go deep into debt right we're able to swoop in with a five trillion dollar stimulus to help them out but what if we would work something out where the united states government would step in and wipe away people's credit card debt yeah take away their credit card debt and actually say okay you can't use them anymore we're gonna wipe away this debt give you a clean slate like catwoman and dark knight rises i want the clean slate program give me a fresh start same thing with student loan debt that of course was part of these a couple of different stimulus proposals that were floating through washington some of which was in that heroes act that never materialized wiping away 10 000 in student loan debt but this is america that we're that we also want to reward high credit scores the whole system is laughable to me because when you look at europe for instance and you look how difficult it is to even get a credit card in europe and the the the for an individual most credit cards if they give you one is like 500 euro that's it and also you have to have that much in a bank account same thing is true of a business account in other parts of the world in order to get like a a credit card in spain you have to show that you have that money basically sitting in the bank to cover it until before they'll give it to you it's not even worth it we are the only country that's built on this massive debt and we reward it so you are a better person if your credit score is higher you're a better person if you have a higher credit score what's your credit score oh you're at 680 uh that's right on the cusp of being a good person what that means is that you get a lot of debt and these banks get rewarded and you pay it off on time that's that's literally how we value people you get a credit card from a big bank borrow money you don't have to pay for things you don't need and if you pay it back mostly on time we will reward you with a higher score and then guess what you can do with that score you can get even more debt by getting a mortgage where you also have to pay a bank back based on your credit score it's insanity and yet we keep propping up these big banks we keep funneling all of this money into these big banks and that's how the system works so congratulations minnesota highest national credit score in this country where did your state come down and what is your credit score let me know in the chat below and you know how how are you dealing with a low credit score right now one of our viewers yesterday wrote in and left us a voicemail saying um you know that because he's not been able to pay his bills his credit court his credit score just keeps getting hurt and hurt and hurt every month it's getting worse and he thinks he might have to file bankruptcy yeah federal government you should step in the fact that covid related problems are causing people's credit scores to go down and the value with which we've you know we value americans is based on their credit score doesn't something seem out of whack here they lost their job they can't pay their bills their credit score is going down and the banks are getting bailed out this is america greatest country in the world keep telling yourselves that keep believing it keep believing this lie wake up drop me a comment below be sure to subscribe to the channel and join us every morning at 9 a.m eastern time we don't put up with the crap around here although i am putting up with the crap right now of us buffering what's going on with youtube today so philip's going to deep dive this later he's going to problem solve and see what the heck's going on here you know we'll see how much stuff i said today gets flagged again we'll see but you know when you seek discomfort good things come from that so thank you guys for joining us today we're going to drop off now and try to assess what the heck uh what's going on with youtube's stream today at least we got some show we'll publish some of this later if you missed some of it we'll try to clean it up if we can but be sure to join us every morning at 9am eastern time subscribe to the channel and smash that like button when you smash that like button button what it does is it sends it out to more people so more people getting to to learn and hear this please share it on facebook share it with one of your family members as well who needs to hear this and we'll see you back here tomorrow much love to all of you i hope you have a great sunday morning your quiver you're not ruling anything out good morning sunday morning