Breaking news as Amazon announces Additional layoffs and in addition to That story we're also going to talk About the labor market and I'm going to Share with you guys the household survey That's telling us that we've lost in one Year 2.19 million jobs and in addition to That we're going to go under the hood With our community expert Mitch vexler And we're going to ask why are these Layoffs happening and what are bonds Exactly so you guys are in for some Great value today and Under the Hood At Education now before I dig into the Layoffs that are exploding Mitch happy Tuesday sir how are you good we uh spent A little bit of time yesterday going Through a handful of questions that uh People had sent in uh at the bottom of Every show that you put together so There's interesting statements that are In there and as a result of that a Couple of memos came up that I'm deeming Them admissions of guilt and we'll get Into those shortly but it's it's pretty Good All right all right so the update guys Is we are getting your emails and we Appreciate all of the mountains of Evidence that you're giving us to show The fraud in your local County so we Appreciate that if you're a new viewer And you're wondering what we're talking
About go to the links in the description And follow the breadcrumbs that we're Leaving you now as far as Amazon let me Show you guys what was released from Their CEO yesterday afternoon this is on Their actual website Mitch and this was September 16th today's the 17th this is What they're saying hey team and again They're going to explain you got to go Back to work and they're going to start Laying off a bunch of managers and this Is how they're doing this hey team I Wanted to send you a note on a couple Changes we're making to further Strengthen our culture and teams I mean What a way to announce layoffs you know What a what a way to announce layoffs And then he goes on to you know explain How well the company's doing he's going On to say overall I like the direction In which we're heading and appreciate The hard work in Ingenuity of our teams Globally he doesn't appreciate the Direction enough to not lay off people Though Mitch this goes on and this is Kind of scummy when I think about my Time at Amazon I never imagined I'd be At the company for 27 years again you Know when I'm about to get fired or I'm Worried about my job I don't care how Successful my CEO is I care about me Being fired and put on the street and Look it he's going on where we started With 15 million in annual revenue and
Now they're at 600 billion and again When I'm reading this wait you guys have $600 billion do and you're you're going To lay me off so let's start here this Is where it kind of gets juicy Mitch uh And there's only about three paragraphs I'm going to read here and then we'll go Really deep under the hood on the first Topic we've always sought to hire very Smart High judgment inventive delivery Focus and missionary teammates we have Always wanted the people doing the Actual detailed work to have high Ownership as we have grown our teams as Quickly and substantially as we have the Last many years We have added a lot of managers in that Process we have also added more layers Than we had before and that's created Artifacts that we'd like to change and They're going to basically emphasize on What's going on and Mitch it sounds like There's just too many chiefs and not Enough Indians pre meetings for the pre Meetings for the decision meetings I Mean think if you have 10 people in a Wasteful meeting how much money that Wastes in medical and salaries it's a Complete waste of time I mean just have Your meeting prepare and and be done With it this goes on a longer line of Managers feeling like they need to Review a topic before it moves forward So things are stuck owners of
Initiatives feeling less like they Should make recommendations because the Decisions will be made elsewhere most Decisions we make are two-way doors and As such we want more of our teammates Feeling like they can move fast without Unnecessary process meetings mechanisms And layers that create overhead and Waste valuable time so we're asking each Este team organization to increase the Ratio of individual contributors to Managers by at least 15% by the end of Q1 of 2025 so again let me read that Increase the ratio of individuals to Managers by at least 15% so that means That they are going to fire managers so That they have more individuals per one Manager all right that doesn't mean that They're going to hire more people people To fit those managers they're going to Lay them off having fewer managers and There it is there will remove layers and Flatten organizations more than they are Today if we do this work well it will Increase our teammates ability to move Fast clarify and invigorate their sense Of ownership Drive decisionmaking closer In the front lines where it most impacts Customers decrease bureaucracy and Strengthen our organization's ability to Make customers live better and easier Every day we will do this thoughtfully And our pxt team will work closely with Our leaders to evolve our organizations
To accomplish these goals over the next Few months and it goes on all right That's the first issue the other issue Is is they are requiring people come Back to work and they will fire you if You don't and it doesn't even matter if You moved out of state so let me read These last two paragraphs and we'll dig In to address the second issue of being Better set up to invent collaborate and Be connected enough to each other and Our culture to deliver the absolute best For our customer customers and the Business we decided that we're going to Return to being in the office the way we Were before the onset of covid no more Work from home it's being cut if you Were leaning on that your legs have just Been cut out from underneath you when we Look back over the last five years we Continue to believe that the advantages Of being together in the office are Significant personally I call that Synergy I've previously explained the Benefits of February 2023 post but in Summary we observed that it's easier for Our teammates to lean model practice and Strengthen our culture collaborate Brainstorming and inventing a simpler And more effective teaching and learning For one another are more seamless and Teams tend to better connect to one Another obviously I mean I could have Told him that Mitch immediately if
You're going to work from home it's Going to get worse there's no one Holding you accountable but yourself This goes on before the pandemic not Everyone was in the office 5 days a week Every week if you or your child were Sick if you had some sort of house Emergency if you were on the road seeing Customers or Partners if you needed a Day or two to finish coding in a more Isolated environment like holy smokes I'm reading this Miss I'm like what if You needed more days to finish a project Like I was fired if I did I had Deadlines like how what what is this do They have any rules anyways people Worked remotely this was understood and While moving forward as well but before The pandemic it was not given that folks Could work remotely two days a week and That will also be true moving forward Our expectation is that people will be In the office outside of extenda Circumstances or if you already have Remote work expectation approved through Your Este team leader but this goes on Here this is interesting because again I Thought about what if they move to a Different state they now have to sell Their house and move back to the Facility or they're fired and have to Get another job and this paragraph right Here goes into that a little bit we Understand that some of our teammates
May have set up their personal lives In such a way that returning to the Office consistently 5 days per week will Require some bankruptcy but it doesn't Say bankruptcy it says adjustments to Help ensure a smooth transition we're Going to make a new exception Act of January 2nd of 2025 so they got what Mitch three months before their whole Lives are turned upside down now they Did set up something called the global Real estate and Facilities the GF the Grief I mean seriously they couldn't Come up with something else than grief You know I mean just like what a way to Rub this in their faces you know you're Bragging about the company you made a Grief counseling session to help and it Says here working to accommodate desk Arrangements mentioned above will Communicate the details uh when they are Finalized I want to go into the Household survey and we'll talk about Bank runs and people pulling out their Annuities like Mass layoffs when Potentially create a bank run but before I do That do you think that was the right way To lay off a bunch of people and what is What Amazon is doing tell us about the Rest of the Economy well Amazon obviously is a very Large company however the answer to your Question is that memo is disingenuous at
Best it is full of double speak it's Only about sending a signal to Wall Street against its own employees so when You really think about all this stuff You mean to tell me that AI couldn't Tell them What it is that they were supposed to be Doing right from the word go and as I Said AI cannot predict human behavior AI Cannot predict corporate Behavior what You're seeing here is a cover so the Cover is that well we're not going to Blame covid for the fact that we let People go away from the office and our Productivity dropped 30% and our staff Got bloated well it got bloated because Again just as you saw in UPS the SE Suite didn't even understand their own Math the question is it's a very simple Question just answer it what is the Revenue per employee and if you can't Answer it and you're on the board or You're on any one of these team leaders And you can't figure that out you're Bloated so the idea that they're going To eliminate staff I mean this is this Is the tip of the iceberg they're going To keep eliminating and cutting and Cutting and cutting until they get these Problems res solved however the question Then becomes should the problems have Even existed should they should they Have been allowed I mean the companies Are going to do what they're going to do
Because they think well we're going to Have growth etc etc but the reality is You're monkeying with people's lives so The idea of that grief is really Interesting because what that is is the Cover it's the cover so that ideally They're going to use it in court when Somebody tries to sue them for early Termination well we we created this Entity over here so that it's going to Be a slow walk down Let's just say that in 90 days from now Not that this is is true it's just an Example but let's just say that things Get start to get wonky in the Marketplace and all of a sudden the Amount of truck drivers aren't necessary Or the amount of teams aren't necessary Well that would be mean that they would Have to ramp up in order to protect the Share value the amount of people that Are getting Fired so what you have here is the tip Of the iceberg and they're looking for The exit to start reducing staff in a Serious way based on the delivery Schedules is Amazon in trouble no is There a problem here with what they've Done and the method that they're now Trying to exit the doors through a Double speak memo that has nothing to do With the people or give a damn about the People they're firing yeah yeah it's It's rude it's crude and anybody with a
Brain cell that reads that can see right Through It Mitch can you contribute these Layoffs in addition to their potentially Bad hiring and you know operational Procedures can we attribute this to a Weakening consumer and Mom and Pop being broke in essence being that Amazon is so huge well that's what You're seeing in UPS right I mean the Correlation between the delivery service Entities now Amazon is more than that Right Amazon's got its own AI Department Um they've got a whole computerized System Department um I was being Somewhat factious on this AI comment but It's true right right you you you claim You did it in the Press well we've got AI we've got this division we've got That division of AI well if AI is so Great and how on the hell couldn't you Not see this coming the point of the Matter is AI cannot predict what a Corporate entity is going to Do complete Nonsense so yeah AI is good in certain Elements there's no doubt but you can't If you're gonna live by the sword then You're gonna die by the sword you're Going to stand up in front of the public Say AI is the next wave of everything And yet you can't even control the Amount of employees that you've got Because you can't predict It Forward Somebody's
Lying and that's the reality so yes when You look at all these entities there was Another Trucking Company a week ago that Literally shut down the entire trucking Company was like 480 employees so yeah These are all tied together because when Mama and pop starts hurting these are The ramifications if Mama and pop was Ramping up buying these ramifications Wouldn't be There yep 100% And just case and point Let's go into the household survey on The labor market and I think the viewers Are going to appreciate what we're able To find here this is household data this Is table A9 all right so I'm going to go To A9 here I'm going to scroll to the Bottom and the first thing that I want To show you guys is what we're looking At as far as full-time versus part-time Jobs now the first thing is okay here's Where we're at July right here and Here's where we're at in August and what This represents guys in one month in Just one month we've Lost this is crazy 438,000 Full-time jobs in just one month if we Annualize that obviously that's almost Five million full-time jobs lost in one Year but when we look at the beginning Of the year we know that actually we've Lost 2.19 million full-time jobs as according To the household survey now when we go
Under that and we look at the part-time Section right here we see that those Full-time jobs are actually being Replaced by part-time jobs we increased Our part-time jobs month over month by 36 ,000 now year-over-year we have an Additional for part-time jobs 2.27 million more part-time jobs and I'm Going to ask Mitch here in a second what Recessions do to part-time jobs before I Do that look at multiple job holders Multiple job holders is right here now Month over month that's increased by 65,000 so it may not sound like a lot But essentially 65,000 more households How to get additional jobs taking up Their time to raise their children just To afford to put food on the table I Don't want people to get lost in the Numbers per se but we can clearly tell That full-time jobs are being replaced By part-time jobs not a signal of a Strong economy in my opinion can you Explain to the viewers Mitch how a Recession could actually you know cause These specifically the part-time job Layoffs to explode I mean Doom spending Right gig economy can you explain how Weak that part-time job data really is Well if a recession which we're already In by any definition and any me measure Regardless of what the mainstream media Is Promoting um when it starts to ramp up
Which is what you're seeing by all these Numbers well the ramifications of that Ramp up is that is a snowball starting To grow and part-time jobs are Immediately replaceable within one hour That's the reality some executive Somewhere just simply says that's it I Can't take the strain anymore of of What's happening to the company because We have too many employees on a Part-time job that gives that employer The ability to Simply say we're going to Cut and run without the cost of a Full-time job so on one hand they're Trying to say well we need more Full-time Employees um which would be good and Ideal but yet they turn a blind eye and Say no let's just do it with part-time Employees because it's cheaper when we Have to eliminate them so eliminate them From the system so it becomes a real Issue I this is going to snowball and That's what we've been saying all these Things are hooked at the hip this is Just straight up economics and these Companies have a right to survive that's What those companies are there for they Have a right to make money the problem Is when you get involved in something And you hire people knowing that this is Only a short-term issue well Would that person have been better off Sitting still for a couple extra months
To find a permanent job if possible or Due to economic circumstances who's Being forced to take a second job and Therefore has to take a temporary job so There's an awful lot going on at play Here but it all comes back to one simple Thing which is that Mom and Pop are out Of money and they're out of money Because when you come back to the real Estate taxes and you see the inflation That is in fact affecting the real Estate taxes it's all connected every Stitch of this is Connected you know Mitch uh it seems Like everyone's out of money especially The states and government and so when we Were talking last night the thought Occurred to me what if because again Everyone's broke the banks included and The pensions annuities you know what if We hit these Mass layoffs right the mass Layoffs go get even worse and you know Say Amazon or another huge company lays Off say 100,000 people and that 100,000 People say half of them pull their try To pull their money out of the Retirement account right they just got Laid off let me get some money from my Pension or 401K do you think you know because I Mean golly man do you think that it's Possible that layoffs can actually Create a bank run if people start Pulling their money out of their
Annuities and 401ks as a result of the Layoff smitch do you think that's Possible sure absolutely so Bank runs Became A symptom of the Great Depression when People were afraid that they weren't Going to be able to get their money back They would have a bank run now that Bank Run was slow in the making it wasn't an Overnight thing it would take days or Weeks because the information traveled Slowly in today's world of the internet That information can travel in a nanc And therefore when somebody says well And we can use this as an example this Is just an example this is completely Hypothetical but let's just say that Amazon has an office in Houston and Amazon does business with ABC Bank and ABC Bank is a mid-tier reasonably small Bank well if that's where the employees Go to cash their checks and a rumor Starts that oh well this bank is in Trouble that bank could have a bank run In a matter of hours so so you see it is Very easy to create a bank run not Necessarily based on truth but based on Fear and therein lies the ultimate Problem with this and you saw that um I Believe Sovereign Bank um was one of the Biggest banks to go down recently about A year ago and that bank was huge but The federal government stepped in to Bail it
Out and it was in Silicon Valley may Have been silicon Bank bank or something But it was one of the biggest banks and One of the biggest rescues in history so The point of the matter is that that Rumor mill out there got started almost Immediately and that bank was in trouble And yes that bank was in trouble to Begin with because its tier one Capital Reserves just simply weren't weren't big Enough so yeah these problems are all Related if I'm not mistaken it was the Second third and fourth biggest bank Failure in history right behind Washington Mutual which was a GFC great Financial crisis Victor I I actually had My first checking account with WAMU yeah Um you know and just just so we kind of Bring all this together so the FED is Doing quantitative tightening it's Obviously leading to layoffs spreading Around the nation they're also covering Up data so it's blindsiding a lot of People leading them to continue to spend So you know we got inflation from the Money printing we have quantitative Tightening we have uh you know all of This over whelming debt right inflation In a sense is debt and so the inflation And the debt is killing us As Americans Our ability to thrive and afford to live And let me show the viewers here a Couple charts and then I want to talk About you know how that government debt
Essentially turns to Securities and Bonds and then I want to explain to the People like okay what does that look Like what are securities and what are Bonds but again before I do that take a Look at these charts right here so just Want you guys to remember these charts Are parabolic this is a for this is the Inflation all right this is the debt This is national debt right here Absolutely parabolic essentially what Mitches continuously been beating his Drums about is this is the reverse of an Amortization schedule meaning they're Not even paying their commitments They're not even paying back their debt They're just rolling it out and rolling It up you guys see that so it's up and It's out it's not being paid down I mean It's absolutely parabolic this is a real Life American Tragedy what you see on The screen here is killing the American Way of life what you see there now we Also see that here with the national Debt as a percentage of GDP I mean Absolutely parabolic I mean it's it's Not wonder why uh these Bank runs are Going to happen that people are Suffering I mean the US is bankrupt we See that in this chart and they're Trying to bankrupt us and take us with Them it's shocking and addition to that Here's the year-to-date national deficit Spending 1.89 trillion this is not even
Up yet the year's not even up this is Just for this year now I've been telling People the amount of deficit spending Going on right now in 2024 compares to 2009 great financial crisis and when we Go down here it shows that we're Actually exceeding that uh being that During 2009 there was a deficit of 1.42 Trillion but I've had people make Comments like well what about inflation Okay well that's fair so when we adjust For inflation when we put the 1.42 Trillion it's actually worth about $2 Trillion in deficit today so we're Knocking on the door in other words guys We're knocking on the door at injecting The economy with as much money as we did During the great financial crisis Mitch I Mean to me it tells us storm clouds Because without that deficit we would be Clearly in depression and we probably Would have started that depression and a Lot of people think we should in 2012 or At least a mini recession in 2012 but They didn't do that so you know I want To go into the bonds but anything you Want to touch on about the government Debt before we well first let me ask you This so that debt right the government Spending and and the deficit that Becomes bonds and securities essentially Is that right Mitch no um that becomes Equity
Stripping to be used to pay for Hyperinflated hyper created bonds yes Right this is equity stripping so that Chart you just showed is literally the Inverse of what an amortization schedule Should be doing so the amortization Schedule and this is why I said I don't See another way out of this other than The elimination of the real estate taxes In favor of a uniform states sales tax And returning the balance sheet to Mom And Pop through the amortization Schedule of the land that is owned that They should own beneath their feet in Other words the equity stripping is a Simple fact that you don't own the land Beneath your feet no no body does Whether you're a commercial property Owner or a homeowner or in fact even a Multif family tenant so that number all That money that is being stripped and Stolen by ignoring the True Values of The real estate is being used it's being Flipped in order to create what you just Saw in that parabolic chart that's your Money then they take that money and they Lever it up even further through the Bonds there's nothing holding up these Bonds there's no licit guarantee right Their idea at the cad level at a county Level is well we'll just take the money From the real estate Taxpayers wake the hell up that money Isn't there to be taken
37% we''ve Quantified it 37% of the Households be it multif family and Single family households do not have the Money they are going to go bankrupt and Or they going to lose the roof over Their head the money is Nonexistent you can just say well we're Going to print it okay that's fine You'll create hyperinflation you can say We're going to keep trying to steal it That's fine whatever is coming your way You deserve you know Mitch you've Constantly mentioned to the viewers a Spaghetti Bowl right a spaghetti go a Spaghetti bowl of bonds and essentially Saying that they're cutting the bonds They're cutting the assets they don't Even know where the collateral is at This point they're making money off of Money off of money off of money and I Wanted to show the viewers a little bit About what that looks like so let me Throw this up and maybe you can help you Know explain a couple coule of these Things this is what is a guaranteed Bond A guaranteed Bond provides a secure Investment option for investors seeking A steady income and low risk um but you Know again the first thing I'm thinking Is is we don't even know where the bonds Are we don't know how much the bonds are They don't have the money for the bonds So what part of it is secure and low Risk but regardless here's key features
Of guaranteed bonds you get interest Payment there's a maturity period the Credit rating supposed to be great but Again with those two parabolic charts it Doesn't seem great to me now when it Comes the types of guaranteed bonds it Says there's government guaranteed bonds There's Bank guaranteed bonds there's Corporate guaranteed bonds there's asset Back bonds I mean enough of the bonds Just use the money that you have you Know um and they're talking about the Advantages again Lower risk they're Saying steady income you know Diversification you know they go on and On and on about bonds bonds bonds how to Invest in bonds you can get secondary Market bonds you can get bond funds you Get exchange traded funds or ETFs I mean This is one massive Ponzi scheme Mitch We'll end here by addressing two Comments from users but can you Explain the spaghetti bowl of Bonds yeah there's several things I want To go through here So a bond is a is somewhat visible Through what's called qips which are the The codes and you can actually you look Up a qip on a bond in a local school District Etc however what you will start To see is there's different terms there Different underlyings in other words What is it used for is it used for uh Roof new roofs new buildings maintenance
Landscape uh parking lots um Acquisitions future Acquisitions so in Other words they go raise a bond we're Going to go buy a site there's all sorts Of things that they use it for they have Different terms as in when does it Expire they may not be paying those Bonds off and therefore those bonds get Rolled up and the interest rates get Rolled out and that becomes a cumulative Compound founding issue So the reason why I sent that to you at The very top of it you were talking About the Guarantee well let's get something real Straight you can't get blood out of a Stone now think about that for a second What is the implicit guarantee of a real Estate Taxpayer when they can't even afford to Pay the hyperinflated $100,000 value Just for the sake of conversation on a House They don't have $2700 give or take to pay for that real Estate tax now please explain what is The implicit guarantee to support the Bond and the answer is there isn't any So not only do you have the school Districts running a muck with the bonds That you can't see because there's so Many of these things like in the case of LISD the amount of bonds that they've Got um it it as I said it would take a
Team of forensic accountants 60 days to Figure this Out but under the hood the implicit Guarantee of the real estate taxpayer Doesn't exist now you can say well fine If they can't pay we'll take their house You didn't answer the question look at All the legal resources you have to go Through somebody has to go through to Take that house and by the way just for To make absolutely clear if you create a False debt and you hold a gun to Somebody's head and say pay me that Money that is the definition of Reco don't think for two seconds that a Government employee cannot be held Liable for Rico you see we're at the Tipping Point this is the point of these Discussions and these points of these Videos is to point this out you can't Say I'm going to take this person's House you may be hiding behind a wall of Other paperwork but at the tail end of The day you the Cads created this you the chief Appraisers are the person responsible in Law you know these are being broken you Know that there is no guarantee there Can't be if 37% of your population can't Afford the roof over their head there Cannot be an implicit guarantee of Payment now let's take this up one level The rule of 72 says that depending on The interest rate your debts going to
Double every seven years for all those People that are responsible for creating These debts creating these bonds and you Don't even know what the Rule of 72 is You need to walk out the door and never Come back you should be fired on the Spot because the reality is you can't Hide from the rule of 72 nobody can Right straight up maass so one go ahead Isn't there one way to avoid the rule of 72 isn't that way paying your debt Off well you can not have debt and and Like I said it's not a question of not Having debt if you're responsible for The debt and the Deb doesn't increase Your your real liabilities and you're Looking at a true balance sheet you say Look I got 30 or 40% debt but I got the Cash flow okay that is a definition of Smoothing that is the definition of Telling the truth because it's all Visible there's nothing to hide what You're seeing with all of this stuff They're Hiding nobody is able to or has even Saiden M here's a spreadsheets here's The amount of debt we've got on these School districts for the last 10 years They won't do it because what they're Promoting in the public says well our Cost is 20,000 per per student per year To to educate uhuh that's not even close The real answer is tell me what the Bonds outstanding are for the last 10
Years we'll take an average we'll divide It by the amount of students over that 10year period now you've got the truth And that truth will show you exactly how Much fat is in the system and that Truth By the way will also be parabolic and It'll match we just saw in that red Chart these are parabolic moves Parabolic moves up in terms of the debt Parabolic moves down in terms of Mom and Pops balance sheet it's gone they've Stripped they've Equity stripped your Balance sheet in favor of creating a Parabolic move Up yeah and I actually did the research On my own County so I saw uh in the County that I live in um2 billion dollar That they're telling us on the balance Sheet right so they're saying and and It's not even that big of a county $2 Billion in outstanding uh Bond debt and There's 69,000 students I mean that's Roughly $30,000 in bond debt per student And that's not even counting salaries or Anything like that that's wild Mitch but There's one other issue right it gets Worse so you have on balance sheet which Means they're it's above the board you Can see it and then you got off balance Sheet which is the crap that you can't See I.E the 313 agreements in the case To the itasa school district which is Out funding solar Fields so when you add up all this
Nonsense and all the shenanigans that's Why the debts gone parabolic you add That to the rule of 72 there's no way Out of this this stuff cannot be paid Off mom and pop don't have the money you Literally can go and steal the assets The houses and you still couldn't pay it Off layoffs are exploding the cost of Living is still extremely elevated I Mean it's getting painful it's already Extremely painful for a lot of people But it's going to get a lot more pain F And I want to end this video out now Mitch I want to bring up something that A viewer sent here I want to read this To all the viewers that are watching This to make everyone aware that what is Going on is around the nation it's not Just what Mitch and I are talking about In Texas this is something from Wisconson so I just want to read the Third paragraph here to just and let me Read this and you guys are listening to Me tell me in comment below how do you Feel about this all right this is what This is this is uh from the central District uh they're sending this to a Homeowner okay due to significant Increases in sales price and by the way Guys this is for 20124 okay due to Significant increases in sales prices of Real estate it has been necessary to Make the appropriate increases and Assessed values to bring Assessments in
Line with Market values as of the Beginning of this year the market update Revaluation has resulted in an overall Increase In one year 33% everyone in this county is about to Have their assessment value increased by 33% in in the total assess value no math There uh 33% increase across the board Home values didn't go up uh 33% in 2023 It to me that whole Community is doomed Mitch what what could the community that That letter was sent to do about Something like that I mean they're the Tax collector right you mess you look Back at the Roman days you mess with the Tax collector they will mess you up so a Lot of people are scared a lot of people Don't know 33% Mitch 33% one year the Entire County are they stuck paying that I mean What could they do Seriously um what you just read and First of all to the person who sent that In thank you very much for sending that In um that was a memo that she said was Um kind of unimportant you know she she Tossed it to the side I said just out of Curiosity why don't you send that to me So she sent it in and I zoned in within Seconds what people don't understand That's an admission of Guilt right that is a straight up Violation that's why we posted the
Violations of usap they have completely Ignored usap they have completely Ignored their own States Tax property code so what in essence They've done and why would say it's an Omission of guilt well a not only did You violate usap everything in usap you Completely ignored it but what they've Really done is they said well if this New house over here new house sold for $500,000 and that's the equivalent of Let's say 250 bucks a square foot well That means that all houses should now be Deemed $250 a square foot regardless of Their age okay that's a violation of Every real estate law ever Written that document I mean and the Straight answer your question is lawyer Up Sue everybody in sight yeah because The reality is they Violated like I said their own States Property tax code they violated usap we Have a 10-page document if you want to Learn everything that they violated go To my website mckimber properties.com Decat or go to Travis's last email You'll find the violations document There that's a 10-page list of all the Laws that have been violated there you Cannot compare a new property to an old Property and toss everybody into the Same bucket of the equivalent value of a New Property the idea that there's a 33%
Increase um it's complete BS there's no Math on this planet to support that There's no standard deviation on this Planet to support that there simply is No math to back up their That's a full-blown lawsuit what you Have there is the equivalent of exactly What I'm doing here in Texas they're Robbing us Mitch I mean we can't even Thrive we can't we can't Thrive I mean I Look back it like just when we thought You I felt comfortable in 2019 I was Adjusting my life because there's a Downturn in real estate but my God man It was nothing like today I mean they Have taken periods of time where As Americans we were supposed to level up And Thrive and they've robbed us of that And let me read one more thing on this Okay because because it is an admission Of guilt especially when we look at this Please do not attempt to estimate your Property taxes by applying last year's Tax rate to your new value last year's Tax rate is no longer applicable I'm Like okay why the total tax levy cannot Be calculated until it's it's not going To say math is used it's not going to Say that guys until all the taxing Authorities school districts colleges Blah municipalities have finalized and Adapted their budgets And handed their budgets into this to The chief appraiser it's all
Predetermined it has nothing to do with Math it has nothing to do with usap they Are 100% politically guesstimating they Have violated the US Constitution they Violated the constitution of the state They violated usap what you have there Is the exact same thing that I am doing Here in the state of Texas the Violations are identical the admissions Of guilt are identical that is clear Proof positive that this is happening Across the entirety of the United States Yes we have one person from every 48 States but the bottom line is Everybody's in this it doesn't matter What color your skin is it doesn't Matter where you live the whole thing is A giant Ponzi scheme and I want to point Out one other thing to that issue I Harped on the denominator the most Important thing two things they are not Doing appraisals under any definition in Law period Then the most important thing to help Understand what could a value really be In truth is the denominator and the Denominator is the median household Income for any given jurisdiction I.E Any County or taxable County when you Understand what your population can Afford then you start backing into the Math right because it all comes back to That standard deviation that says okay Within a half standard deviation kind of
Up the middle of your gajian channel That half standard deviations where all These values should be for that given Geographic area you can do it by the Subdivision perfectly fine you can do it By a county perfectly fine as long as Those values are within a half standard Deviation plus or minus 10% one way or The other um mathematically versus the Gajian channel as required in usap That's all fine the problem is they Don't even pay attention to standard Deviation which is a requirement so They're ignoring standard deviation They're ignoring usap they're ignoring All the law we've got multiple documents Out there I'm stirring up one here that Says use standards five and six that's One of the documents we put together With Lista violations there's another 10-page document with a list of Violations what you have in that Document is a straight up admission of Guilt you could walk that into a Courtroom and say look what the hell Because you and now you can do a direct Correlation this is what's required Under usap and here's your admission of Guilt they didn't do it you can't say We're going to increase all the values 30% and think you're not going to get Caught Mr Chief appraiser in Wisconsin Please explain to the court and the Members of the jury the math that allows
You to justify 30% increase of Everybody's house go ahead here's a pen And a piece of paper get to it at which Point in time your Mr Chief appraiser is Going to need a criminal defense Attorney yes sir and you know here's the Thing you know people are starting to Wake up people are starting to wake up To the fact that it takes first of all Awareness you have to be aware of what's Happening and no one really wants to Know that they're being lied to and Robbed no one wants to know that M so It's hard for some people but the Reality is is we've outlined a couple Steps that you can take as a viewer Whether you own right now or not and the First step is signing the petition it's In our link join the movement help us Battle these cads step number two Educate yourself I'm trying to lead you Down that path myself for free I have Made a how to fight property tax course In this course I'm teaching you what is Property tax what does property tax go Towards how do you calculate property Tax what's a homestead how do you Protest how do you prepare for that and How do you show up and you guys please Please the only purpose of that course Is to help you but I've met halfway I Need you guys to meet me the other half And I can guarantee you if you take These courses you will be empowered and
You will be part of the solution Mitch Thank you for your time sir have a great Night Happy Tuesday to you Mitch I'm Sure we will be back in the hot seat in No time and to the viewers if you guys Are out there investing in real estate You guys already know we think your Bonkers but we do hope you win
