Explained: Why the Fed lowering interest rates might be a BAD sign ...



When Glenn Beck first heard the news that the Federal Reserve lowered the interest rate by half a point, which is the first time it’s been lowered since 2020, his first thought was “this is election interference by the Fed.”

His second thought was that the last time the Fed did this, it didn’t lead to a positive outcome.

Recovering investment banker Carol Roth joins the show to break down the details.

“What’s really going on here, Carol?” Glenn asks.

“First of all, Glenn, I just want you to know that I am unburdened by what has been, and now the market is in terms of interest rates because we are in a rate-cutting environment,” says Roth, taking a jab at Kamala Harris.

“I think the important thing to remember is that when we talk about rate heights, rate cuts — anything the Fed’s doing — we have to keep it in context, and the backdrop is that we came out of 15 years of what's called ZIRP — zero interest rate policy — where the interest rates were at or near zero,” she continues, adding that in addition, the Fed put “$9 trillion plus on its balance sheet.”

According to Roth, there’s the potential for both good and bad with this lowered interest rate.

Starting with the potential bad, Roth says, “when you are saying that the economy is doing amazing” and then follow with “a very large cut,” it can “send a signal to say things are not going so well.”

However, “after 15 years of zero interest rate policy, it does make sense for us to get back to what's considered a neutral rate,” she says.

“Is this an inflationary move?” asks Glenn.

“So that’s the question,” says Roth. “If you think about what the neutral rate is, which is theoretical — we don't know the number — but basically it's the dividing line between policy that is restrictive and policy that is accommodative, and what we're trying to do is have the Fed have no influence in either direction. I believe that we are still in that restrictive area.”

“I don’t think that will cause inflation,” she says.

“I wouldn't be spending a dime right now on hiring, building — anything. Not a dime until I see what happens at the election,” says Glenn, adding that if Harris gets elected, he’s “battening down the hatches,” but if Trump wins, he’d be “willing to invest.”

To hear Roth’s thoughts, watch the clip above.

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Stock market CRASH: What does Warren Buffett know that we don't??



Americans woke up on Monday morning to a stock market plunge after a bad day on Friday. The Dow plummeted hundreds of points, Warren Buffett is selling stocks like crazy, and to top it all off, Japan’s stock market had its worst day since 1987’s Black Monday.

Glenn Beck is understandably worried.

“Friday, we had a bad jobs report. We’re still not in a recession; indicators are showing that we’re headed towards one, but the indicators have been wrong before. We are headed towards one; we’re headed for a depression at some point,” Glenn Beck warns.

Glenn is concerned about what this might mean for ordinary Americans and the United States economy and consults financial expert Carol Roth for some advice.

Roth explains that while the Fed did not lower rates, it might be on the table in September.

“Normally, you would say, ‘Okay, the market wants the Fed to cut rates,’ but what happened is then we got a weak job report on Friday, and while sometimes the bad news can be good news for the market, in this case, they took it as bad news,” Roth tells Glenn.

“The Fed was behind the curve in terms of lowering rates,” Roth continues. “They felt like maybe this whole idea of a quote ‘soft landing,’ the idea that you can get the inflation down without wrecking the economy, is off the table.”

However, while it doesn’t look good, Roth says that “if there is any silver lining here,” it’s that the market did not open back up and continue to fall.

But there are still major indicators that something strange is going on, and one of them is Warren Buffett’s recent behavior.

“Another catalyst that we’ve seen is Warren Buffett,” Roth says. “He had lessened his position in Apple by about 49%.”

“That’s not lessening. That’s cutting it in half,” Glenn says. “He’s making some of the biggest sales he’s ever made. It’s almost as if he’s becoming bullish on America. What does he know that we don’t know?”

“Starting in 2019, he doubled down on Japan. So he has five really big companies and really big positions in Japan. So the day that we’re talking about Japan going down and at the same time the U.S. is going down,” Roth says. “It is interesting.”


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Carol Roth explains Wall Street crash: 'We can still take some comfort'



Yesterday saw a massive plunge in the Dow Jones and Nasdaq indexes, sparking a global selling frenzy and leading Americans to ask the dreaded question: Is the United States headed into a recession?

Recovering investment banker and author of “You Will Own Nothing,” Carol Roth joins Jill Savage and the “Blaze News Tonight” panel to shed light on the situation.

'Fears of Recession': Trump Blames Bidenomics for the Wall Street CRASH | 8/5/2024youtu.be

According to Roth, what is commonly referred to as the "Magnificent Seven” stocks – Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, META, and Tesla – “have really been carrying the stock market for the last couple of years, gaining incredible amounts of value at least on paper.”

Then, “Over the past few weeks, there started to be some cracks, I think, that investors realized — that their valuations had gotten a little bit frothy [and] that companies were going to actually have to spend a ton of money in order for their AI dreams to come true,” says Roth, “so we started to see a pullback on that.”

Then the “pullback” Roth mentions was “accelerated ... last Wednesday when the Federal Reserve Chairman Jerome Powell said that he wasn't planning to cut rates at this particular meeting, although still leaving on the table of September as a cut.”

“Then Friday came along, and we got a really ugly jobs report, so that triggered a recessionary indicator,” she explains, adding that there were also “some concerns that maybe the economy wasn't as strong as the Fed had been projecting and that they may be behind the curve when it comes to cutting rates.”

“So already we were seeing trillions of value being lost from the stock market because of this. Then we have the Middle East escalation over the weekend, and then we have Japan,” Roth tells Jill.

“In Japan, they have sort of the opposite situation happening that we have here. They had their rates at a negative level or zero for about 17 years, and finally they decided about four months ago they're going to try to normalize,” says Roth. “This Wednesday they decided to hike their rates and that created some issues and some strength with the yen and in doing so created ... sort of an unwinding of various trades that ended up creating a contagion that spilled over into the U.S. market.”

“Fortunately, our contagion, even though it was not a pretty day, was not nearly as bad [as Japan], and the good news is that this is really a breather in the market.”

“You still have the Nasdaq up about 29% for the last 52 weeks, the S&P 500 up about 26%, so while it is an ugly day, and we do need to take in sort of the totality of what's going on, we can still take some comfort that we were able to only have a few percentage points lost in terms of the contagion.”

“Mysteriously this morning, millions of people weren't able to trade at all. ... Are we normalizing this? What is going on here?” asks Blaze Media’s editor in chief Matthew Peterson.

To see Roth’s answer, watch the episode above.

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Rumor has it an elite-owned firm shorted Trump stock the day before the attempted assassination. Could it be true?



When it comes to Trump’s almost-assassination, the nation is still very much in the dark. Questions need answering, but that’s not really happening. People, therefore, are left to self-investigate and come to their own conclusions.

Right now, there’s a conspiracy theory circulating about a firm linked to George Soros, BlackRock, and the Bush family shorting the stock for the Trump Media & Technology Group on the day before the attempted Trump assassination.

Author and former investment banker Carol Roth joins Glenn Beck on the show to shed light on the theory.

Did These Global Elites PREDICT the Trump Assassination Attempt?www.youtube.com

“This is what I found based on publicly available information,” she begins.

The firm in question, Austin Private Wealth, had to file a 13F, which is a “disclosure filing that’s required quarterly from any investment manager that has more than one hundred million dollars in assets.”

Since “it takes a little bit of time to gather the data” for a 13F, it’s “usually filed within a few weeks after the end of the quarter,” Roth explains.

“The filing for Austin Wealth as of the end of June was made on July 12th,” meaning that the Trump stock was not actually shorted on July 12; it was simply filed on that date.

Second, the firm “had a third-party vendor, according to their press release, that had erroneously misstated their positions,” Roth continues.

Apparently “for the Trump Media Group, instead of putting 12 contracts, which represented 1200 shares ... it showed that they had 12 million share equivalents.”

“That sounds a little sketchy ... but they did that on every single call and put option that they had listed,” Roth clarifies, adding that “this was a clear error across the board.”

Skeptical, Roth “went back and checked all of the previous filings,” and she found that “in all of the previous filings, they had a normalized number of contracts being shown, so it was clear this was a mistake, and it was an outlier.”

With the Austin Private Wealth conspiracy theory essentially debunked, Glenn then asks Roth about the CrowdStrike outage scandal.

To hear her opinion on whether the debacle was “intentional,” a poor “test run,” or “incompetence,” watch the clip above.

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'Blaze News Tonight' RECAP: Project 2025, the SAVE Act, and Inflation



The left is panicking over Project 2025, villainizing it as far-right extremism, but what's really in the document? Heritage Foundation president and co-author of the initiative Kevin Roberts joins the show to answer questions and debunk lies regarding Project 2025. Next, Sen. Mike Lee (R-Utah) explains the SAVE Act — a bill that would bar non-citizens from voting in the 2024 election. Democrats have largely voted against it; Biden has even vowed to veto it, and yet, 81% of the American people agree that only American citizens should have the right to vote in U.S. elections. What the people want is crystal clear, but how likely is the SAVE Act to pass prior to November? Finally, Carol Roth joins the program to tell us the truth about inflation, including what the recent one-tenth drop means for the average American.

Project 2025: Heritage President DEBUNKS Lies | Guests: Kevin Roberts & Sen. Mike Lee | 7/11/24www.youtube.com

Heritage Foundation president Kevin Roberts on Project 2025

Democrats are in an uproar over Project 2025, calling the initiative far-right extremism and attempting to attach the document to Donald Trump, who has denied any affiliation. Headed by the Heritage Foundation, Project 2025 is a detailed plan of policy proposals for the next conservative administration. What's in the document, though? Kevin Roberts, Heritage Foundation president and co-author of Project 2025, joins the show to "separate fact from fiction."

The list of lies liberals are spreading about Project 2025 grows longer by the day, but "the one thing they get right," Roberts says, "is that we call for the utter elimination of the U.S. Department of Education."

As for the people "doxxing" and "threatening" those behind Project 2025, Roberts promises unapologetic prosecution.

"We are going to prosecute you, and we're going to do that using every ounce of the law. It's going to be peaceful; it's going to be lawful, but you have picked the wrong fight," he says.

Sen. Mike Lee on the SAVE Act

Among the many fears Americans harbor regarding Biden's open border policies that have ushered in millions and millions of illegal immigrants is the concern that non-citizens will be given voting rights prior to the 2024 election, potentially changing the outcome. Sen. Mike Lee (R-Utah), however, alongside Rep. Chip Roy (R-Texas) and House Speaker Mike Johnson, have proposed the Safeguard American Voter Eligibility Act that aims to ensure only American citizens can vote in the 2024 election. Unsurprisingly, most Democrats have voted against it. Biden has also mentioned vetoing the bill.

Sen. Mike Lee, who joins the show, explains that liberal opposition to the bill is rooted in Democrats' desire to "rely on non-citizens" to impact "a federal election" — something he calls "terrifying."

While Lee admits that they face "some heavy obstacles to passing [the SAVE Act]," he knows that should the bill be voted down, the decision "is going to come at a price," granted "81% of American voters agreed that only citizens — only American citizens — should vote in federal elections," which is "a huge bipartisan supermajority."

Sen. Lee also broke down his op-ed on Blaze News, which discusses the legal lawfare the left has used to take down Trump. "[Democrats] are the rule of law," he says, adding that "Democrats love throwing around ... the term 'our democracy,' and yet, when they use the term democracy, they're more often than not talking about something that is the exact opposite of democracy."

As for President Biden's cognitive decline, Lee says his Democratic colleagues "are referring behind closed doors to this situation ... as the 'Weekend at Bernie's' chat."

"I think they've finally started to accept the fact that they've pushed it so far they can't take it any farther."

Carol Roth on inflation

Blaze News contributor and author of "You Will Own Nothing" Carol Roth joins the show to tell us the truth about inflation, one of the biggest — if not the biggest — complaint of American citizens.

"The top issue on Americans’ minds as they head to the polls is the economy," Roth wrote in her recent article "The GOP needs to stay focused on inflation, not cognition."

Roth, who agrees that Biden's mental acuity is a problem, argues that his administration's destructive policies — including the ones driving inflation through the roof — are the far more pressing issue.

"We're missing the opportunity when we're talking about his cognitive decline to talk about the fact that whether it's Biden or someone they put in his place ... these are the broader policies of not just this man but of the Democrats and that if we want to save our country, we need to be making a change in holding those people accountable, and that goes farther than just Joe Biden," she says.

As for inflation, which as of yesterday was down "one-tenth of 1%," Roth says she isn't hopeful it will make a real difference for the average American.

"A quarter of a percentage point, which is probably what is on the table today for September (if that even happens) isn't going to change things meaningfully," she says, adding that she thinks "we need to see something like a 1% cut ... then maybe Americans start to feel a little bit of relief in terms of anything that is tied to an interest rate."

"The most meaningful thing it will mean is that the $35 trillion in debt we have — that big portion of it that needs to be refinanced plus the almost $2 trillion deficits that we're running that need to be financed — they will be able to be financed hopefully at lower interest rates, which will overtime, theoretically, bring down the deficits and hopefully have a positive impact on inflation ... that's the best we can hope for."

For more provocative opinions, expert analysis, and breaking stories you won’t see anywhere else, tune in to 'Blaze News Tonight' daily on BlazeTV.

Who doomed the petrodollar: America or Saudi Arabia?



There has been a lot of confusion lately about Saudi Arabia allegedly ending a 50-year-deal with the United States that tied oil sales to the U.S. dollar.

While many have claimed that the deal never actually existed, financial expert Carol Roth is here to clear that up.

“There was a deal put in place, but never once did I come across anything that said we have a specific expiration,” Roth tells Glenn Beck, who notes himself that if the world goes off the petrodollar, “that is the beginning of the end.”

Roth explains that when the United States went off the gold standard, they created a secret delegation that went to Saudi Arabia as part of a diplomatic tour.

“There was an oil embargo put in place by the Arab oil exporters. It sent the price of oil sky-high. So, the big objective was basically the U.S. didn’t want crude oil, you know, energy, which is obviously really what fuels growth around the world to become an economic weapon,” Roth explains.

“They knew, 'Okay, well, now we’re off the gold standard, we’ve got this currency, wouldn’t it be great to have somebody finance our deficits?'” She continues.

In exchange for economic and military support, the Saudis struck a deal with the U.S. to price oil in dollars around the world.

“There was a secret piece of it, and that was that the Saudis did not want everyone to know that they had this huge treasury stockpile,” Roth says, noting that it was because they didn’t want anyone to know how “closely they were in bed with the U.S.”

Now, this deal has ended.

“The FED has managed to hold the dollar not stable either for the world or domestically,” Roth says. “So, it’s not like they even made the tradeoff. They just abandoned it all together.”

“The big issue, if you are these countries around the world that now have everything priced in dollar, all of your major commodities, because it’s not just oil at this point,” she continues, “When you have these huge swings in the dollar, that means that threatens you as a nation, because you now may not be able to afford energy, or you may not be able to afford the food for your country.”

“That’s a national security issue,” she says. “And so, countries were getting sick of that we weaponized the U.S. dollar, and at the end of the day, they’re starting to move away from it.”

This is why it isn’t the Saudis who are to blame for the end of the deal.

“The Saudis did not break a deal. We’ve broken the deal long ago,” Roth says.


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Biden mortgage trick will raise inflation while Americans will own nothing and not be happy



The Biden administration is pulling out all the stops to make sure Americans will “own nothing and be happy.”

Its latest tactic is encouraging more consumer debt spending through second mortgages, which seems to be less about helping Americans and more about buying votes before the election.

Carol Roth, author of “You Will Own Nothing,” believes Americans need to be warned.

“It’s the arsonists who are burning down your house, and then, they bring a water bottle and say, ‘Hey, I’m going to help put out the fire and rebuild it. It is frustrating,” Roth tells Glenn Beck before explaining what the government is doing now.

“Freddy Mac had this great idea because people have so much equity in their homes. Let us go ahead and offer second mortgages,” Roth says. “But second mortgages don’t get you into housing. Those are consumer loans. Those are people taking money out of their homes and using them whatever it is. And that equity is perceived equity.”

Meanwhile, the homeowners haven’t cashed out the house or sold the house, so it’s not guaranteed.

Roth believes the second mortgage will be “people taking their wealth, their ownership, and going and blowing it on things.”

“That’s what will happen,” Glenn agrees, noting that people will use it to pay down a credit card with a 25% rate in order to use the 9% mortgage rate instead.

“Obviously, we would rather use other money if we can to pay down 25% and taking down your ownership,” Roth says. “I think we have to ask ourselves a few questions here. One, why is it that the taxpayers should all of a sudden back consumer loans? Why is it that we want to encourage more consumer debt spending, particularly during a time of inflation?”

“And why do we want people to reduce the ownership, the equity in their homes?” she adds.

Glenn and Roth both believe this has a lot to do with the 2024 election.

“All these things make him look like the economy is doing better,” Roth explains, but if these programs are implemented as Biden is planning, the economy will be even farther from actually doing better.

“Inflation next year is going to be insane,” Glenn says, and Roth agrees, noting that programs like this are what “started the whole ball rolling with the Great Recession/financial crisis.”

“I’m super excited for taxpayers to back consumer loans,” she continues. “You’re not even backing first mortgages, you’re now backing consumer loans. Way to go, really glad that the government wants to get into that.”


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What soaring gold prices & the latest CPI report mean for YOUR WALLET



Gold prices are — significantly so. In fact, they just reached an all-time high, but is this a good sign for the economy?

Unfortunately, no.

When Glenn Beck spoke to a certain gold expert, he said, “Do you realize how crazy the world has to be for gold to be at $3,000 an ounce?”

As of right now, “it's over $2,400,” which means we’re rapidly headed toward the threshold of crazy.

But that’s not where the bad news stops.

The March CPI report was also just released, and it revealed yet again that inflation rose faster than expected.

Of course, the Biden administration is continuing to lie and say that inflation is coming down.

For example, they say that “fuel is not in inflation right now,” says Glenn, but “look at the price of fuel.”

According to financial expert Carol Roth, “the data [from the White House] is trash.”

Not only are fewer people responding to the data collection surveys, likely skewing the results, but there’s also “manipulation of the data” — “the scope of which we have not seen in a long time,” says Roth.

For example, one recent report showed that “gasoline for the month was down 3.6%.” However, “if you didn’t seasonally adjust [the data], it would have been up 6.3%.”

“That’s a really big swing,” Roth tells Glenn.

“He's not addressing inflation. Biden is spending more,” adds Glenn, noting that the president is “again forgiving more debt [and] trying to get people into houses.”

Roth agrees, adding, “If you wanted to help the FED get inflation under control as the government, you should have been working with them; you should not have been running up deficits.”

“Every single thing this administration has done has been a barrier ... to you keeping your wealth and your purchasing power.”

To learn more about how gold prices and the latest CPI report impact individuals like you, watch the clip below.


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New Corporate Transparency Act could make criminals out of small-business owners



The U.S. Treasury Department's Financial Crimes Enforcement Network is looking to turn small-business owners into criminals through the new Corporate Transparency Act.

According to the act, anyone with an LLC is beholden to new rules. Under those rules, small-business owners have to report information to financial crimes that could land them in jail or with hefty fines if they don’t comply — but there are some exemptions.

Those who don’t have to worry about the new rules are those who have at least 20 employees or $5 million in revenue.

“Nobody knows anything about it,” Glenn Beck warns.

Alabama’s Supreme Court said they would rule the act unconstitutional, but those pushing it claimed it was a “blow to corporate transparency” and would make it “harder to fight the cartels.”

Former investment banker Carol Roth sees right through it, noting that no real money launderer or cartel is going to self report to FinCEN.

“The ones who are massive criminals aren’t going to be reporting to FinCEN, so all this is is a mass surveillance program against small business,” Roth says, adding, “and the penalties, as you said, are insane.”

The penalties don’t just occur if you fail to report business-related information. The penalties also occur if any updates to your identification go unreported.

“If you don’t let FinCEN know, they can send you to jail,” Roth says, adding, “Why this was ever passed.”

Trump had originally vetoed the Corporate Transparency Act, but then it went back to Congress where they overrode it under the Biden administration.

“This is absolutely insane. There are 33 million small businesses in this country. Why are they being put under a microscope and saying, 'You are criminals, you’re financial criminals, and we are going to hold your feet to the fire if you don’t let us track you'?” Roth asks.


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Biden’s budget wages war on wealth



Like everything else emerging from this economically and morally bankrupt administration, Joe Biden’s campaign promises disguised as a budget are packed with lies and destruction. While presidential budgets typically don’t survive Congress, Biden’s $7.3 trillion spending proposal offers a glimpse into the tactics the Democrats will use to come after your wealth, and it should scare the heck out of you.

The White House says the budget is aimed in part at “lowering costs and giving families more breathing room,” which is weird and inconsiderate gaslighting of struggling middle- and working-class Americans. While the rate of increase in prices has come off its June 2022 peak of 9.1%, costs remain high, and families are still stressed.

Americans need to wake up or they will be living in a financial nightmare permanently.

Assuming Biden’s insane proposals did not undermine the economy and send interest rates skyrocketing, his budget would add trillions to the national debt, bringing it to $45.1 trillion in the next decade under the rosiest of scenarios.

Biden proposes the largest tax increase in history on the people who pay the lion’s share of federal taxes, all in the name of “fairness,” of course.

He also wants to hike the corporate tax rate from 21% to 28%, an effort that may sound appealing but would likely make America’s corporate landscape less competitive. And taxes are never paid by corporations themselves. Businesses pass the additional burden along to employees and consumers, who are suffering enough already.

These proposals, should they take hold, would not only have a material adverse effect on the economy but of course would be benchmarked for everyone so that government will be set up to steal more and more of your wealth to pay for its own power-grab.

Capital gains in the crosshairs

One of the most egregious proposed shifts is changing the capital gains rate to an ordinary income rate. Capital gains are what you pay on money you risk, which has already been taxed, should there be an increase. The proposal starts with people earning $1 million or more a year. Not only would that have a massive impact on capital allocation and liquidity, but once in place for higher-income earners, it could easily creep down to middle-class brackets. It’s happened before and could easily happen again.

Changing the capital gains tax rate could also impose a massive penalty on family businesses when they have a once-in-a-lifetime exit.

Biden also sows class division by conflating wealth and income. Another White House budget “fact sheet” repeats the lie that “billionaires make their money in ways that are often taxed at lower rates than ordinary wage income, or sometimes not taxed at all.” As a result, the administration claims, “many of these wealthy Americans are able pay an average income tax rate of just 8 percent on their full incomes — a lower rate than many firefighters or teachers.”

Now, if you are wondering how billionaires end up with an 8% income tax rate — because that sounds amazing — they do not. The claim originated with a White House “study” that purported to examine “income from unsold stock.” What on earth does that mean? Tax rates on qualified dividends are 0%, 15%, and 20%, depending on income. So what are they talking about?

Not surprisingly, it is unrealized stock appreciation at a given point in time. This is a made-up proxy for a wealth tax. This is not how income tax works, and it is a straight-up lie to say this is an actual income tax rate for billionaires and portray it as the average tax rate of the “wealthiest.”

Property rights in peril

But why expect any truth from this administration? Why expect any fiscal discipline? And why expect anything other than trying to grab more of our wealth to secure governmental power?

While many Americans may be inclined to support higher taxes on billionaires, don’t be fooled. It’s a trick to get you to surrender your property rights. The billionaires will find other loopholes. Middle- and working-class wealth will be vulnerable to government plunder. (To understand the threat in detail, read my recent book, “You Will Own Nothing.”)

The Biden administration is proposing trillions of dollars in government spending as a means of “helping the middle class.” You’ve seen what government help has done to your quality of life, and you can’t afford any more.

Speaking of affordability, the administration laughably claims its budget will make college more affordable through larger Pell Grants. More government spending doesn’t cut costs; it simply creates another mechanism for colleges to raise tuition, making college less affordable.

With the national debt projected to top $45.1 trillion, it’s clear that any promise to “cut the deficit” is more than a joke. It’s a recipe for financial ruin.

While presidential budgets are never realistic or final, it’s a good reminder that this administration only cares about preserving power and expanding government, rather than securing the American dream or restoring our financial foundation. Americans need to wake up, or they will be living in a financial nightmare permanently.