Paradise Lost Financial aColorfulCaucasian

Episode 13 of the Paradise Lost Financial podcast Pain Now or Pain Later   

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Youtube Link: https://youtu.be/YQwRGjO64Io           



Articles & References from this episode:    

Mention of Inflation up 800% on Corporate Earnings Calls: https://finance.yahoo.com/news/warren-buffett-is-right-inflation-is-running-rampant-105340040.html   

Bailing out Airlines (again) with Taxpayer Money:   

Article Title:  After Mismanaging Their Companies With Stock Buybacks  And Lucrative CEO Pay Packages, Airlines Demand Another $25 Billion From  Taxpayers   

Link:  https://www.forbes.com/sites/jackkelly/2020/10/12/after-mismanaging-their-companies-with-stock-buybacks-and-lucrative-ceo-pay-packages-airlines-demand-another-25-billion-from-taxpayers/?sh=7902f89a2358   



$36 Billion Wasted on Unemployment since CARES Act (as of January.. higher now): https://www.cnbc.com/2021/01/05/scammers-have-taken-36-billion-in-fraudulent-unemployment-payments-.html    



70% of Unemployment Claims were Fraudulent in April: https://www.sevendaysvt.com/OffMessage/archives/2021/04/26/unemployment-insurance-fraud-is-the-latest-epidemic


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Link to Youtube video: https://www.youtube.com/watch?v=krK9gxQnA-8



Reviewing new taxes being proposed, and potential economic/social consequences of these policies.    

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Articles & References Mentioned in the Video:  

Elizabeth Warren fuels class warfare with new wealth redistribution ideas:  https://www.msn.com/en-us/news/politics/elizabeth-warren-fuels-class-warfare-with-new-wealth-redistribution-ideas/ar-BB1eMxfb?li=BBnb7Kz  

Warren Buffett and Bill Gates agree that the rich should pay higher taxes https://www.cnbc.com/2019/02/25/warren-buffett-and-bill-gates-the-rich-should-pay-higher-taxes.html   

The Income Tax in 1913: A Way to ‘Soak the Rich’: https://www.pbs.org/newshour/economy/the-income-tax-in-1913-a-way-to-soak-the-rich  

Five staffers let go over marijuana use, White House says: https://www.nbcnews.com/politics/white-house/five-staffers-fired-over-marijuana-use-white-house-says-n1261578    

Top 10% of Earners Pay Over 70% of Income Taxes: https://www.ntu.org/foundation/tax-page/who-pays-income-taxes   

Millions of illegal immigrants set to get $4.38 billion in Biden COVID cash: https://www.msn.com/en-us/news/us/millions-of-illegal-immigrants-set-to-get-4-38-billion-in-biden-covid-cash/ar-BB1ePU08?li=BBnbcA1&srcref=rss   

A By-the-Mile Tax on Driving Gains Steam as a Way to Fund U.S. Roads: https://www.msn.com/en-us/news/us/millions-of-illegal-immigrants-set-to-get-4-38-billion-in-biden-covid-cash/ar-BB1ePU08?li=BBnbcA1&srcref=rss     

Source for the Dollar Value Illustration: https://howmuch.net/articles/rise-and-fall-dollar   

By HowMuch.net, a financial literacy website


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Here's the link to the Youtube video: https://www.youtube.com/watch?v=n2mFygMq-YA

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Articles/References Mentioned during the Video:

Wall Street Journal article on "What's New in the Third Covid 19 Stimulus Bill": https://www.wsj.com/articles/whats-new-in-the-third-covid-19-stimulus-bill-11615285802   

US National Debt Tops $28 Trillion for the 1st Time [$224,000 per  taxpayer and $85,000 per citizen (even newborn American infants)]: https://bnonews.com/index.php/2021/03/u-s-national-debt-tops-28-trillion-for-the-1st-time/   

US DebtClock: https://usdebtclock.org/     


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We are witnessing a fundamental structural change of how the financial & savings system works... my advice would be for Americans to get prepared.



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Patreon Link: https://www.patreon.com/paradiselostfinancial?fan_landing=true



Additional Links & Resources:

Bureau of Economic Analysis News Release on Rise in Personal Income: https://www.scribd.com/document/477497451/State-of-Personal-Income-2nd-Q-2020#from_embed

CBS News Article on Unemployment Benefits paying more than people's jobs: https://www.cbsnews.com/news/low-wage-workers-unemployment-cares-act-earn-more-income/



DISCLAIMER: nothing on this channel should be construed as financial  advice. I am not a financial advisor and you should always do your own  research


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WallStreetBets driving up prices of Gamestop, AMC, BlackBerry, Nokia, and more, intentionally targeting some of these stocks due to outspoken short-selling firms.

Robinhood (and some other brokerages) have come under fire for restricting trades (or outright closing some of their user's positions, allegedly) and potentially even conspiring with hedge funds such as Citadel to allow for damage control at the expense of the retail trader.

We're beginning to see class action lawsuits against Robinhood, members of Congress demanding a DOJ investigation,  and billionaires stating that this situation is "dangerous for the markets". 

Many Robinhood traders & the WallStreetBets folks are saying they will close out their Robinhood accounts and #DeleteRobinhood is now trending. 



*Note that I should have said 76% of users say they will stop using Robinhood (I mistakenly said 76 people... sorry I'm tired lol) and it looks like hedge funds have lost roughly $5 billion,  not $70 billion  (I was thinking of Twitter & Facebook losing $70 billion in market cap after they shut down conservative accounts... separate topic) - that's still $5 million millions,  so $5B is nothing to sneeze at! 



DISCLAIMER: As always, nothing on the podcast or channel should be construed as financial advise, always do your own research and never invest unless you can afford to lose it all.




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Support this podcast: https://podcasters.spotify.com/pod/show/paradiselostfinancial/support

Consider becoming a patron for $5 per month to support the channel and access additional research, infographics and other content: https://www.patreon.com/paradiselostfinancial



Articles on Actionable Intelligence:

Mind Blowing Valuations - Tesla, AirBnB, DoorDash (12/20/2020)

https://actionableintelligencealert.com/mind-blowing-valuations-tesla-airbnb-doordash/

Commodities & Market Rotation into Value (12/29/2020)

https://actionableintelligencealert.com/commodities-market-rotation-into-value/



DISCLAIMER: None of this content should be construed as financial  advice, I'm not a financial advisor of any sort and you should always do  your own due diligence. Never invest if you cannot financially afford  to lose your investment.


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Support this podcast: https://podcasters.spotify.com/pod/show/paradiselostfinancial/support