News: McDonald's Gives DIRE WARNING About The Economy
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 30 April 2024
⏱️ 22 minutes
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| 0:00.0 | Hello fellow Rebel capitals, hope you're well. |
| 0:02.8 | So I have got a huge story from CNBC about what McDonald's is saying about not just the |
| 0:10.9 | U.S. economy, but the U.S. consumer. It's what we were talking about yesterday on the video, |
| 0:20.0 | about the 29% of people that are just barely, barely, barely above the poverty line. |
| 0:27.6 | And if the purchasing power of the United States and aggregate total is going down, well, do we really need to have unemployment creeping up in order |
| 0:37.3 | for there to be a recession? |
| 0:39.8 | But let's get right into this article from CNBC. |
| 0:42.4 | We've got something really cool from Zero Hedge. |
| 0:44.8 | Then the conference board. |
| 0:47.3 | You guys probably recognize that group |
| 0:49.8 | from a lot of the videos I did about two or three months ago, they're chiming in with their most recent |
| 0:55.4 | consumer confidence poll, which really dovetails perfectly on what McDonald's is saying. |
| 1:01.6 | But let's get right into this. The title, McDonald's is saying. Let's get right into this. |
| 1:03.4 | The title, McDonald's, and it's not just McDonald's, |
| 1:06.7 | like it says here, and other big brands |
| 1:09.2 | warn that low-income consumers are starting to crack. Executives. income consumers |
| 1:15.0 | some of the America's largest companies have said that consumers feel the |
| 1:20.2 | pinch of higher prices. |
| 1:22.4 | Their remarks come as sticky inflation. the talking point makes a lot of sense. The second one, you really, once you think about what they're |
| 1:36.1 | saying at the Fed, it's just total BS, PR, spin, just the normal stuff that you would expect from the Federal Reserve, and just trying to |
| 1:48.0 | manipulate the overall psychological narrative that you're hearing within the mainstream media |
| 1:54.7 | to get you to believe what they want you to believe. And more on that in just a |
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