it is [music] over. And I keep seeing people in the media on TV [music] and articles and they're talking about how big that that's going to be 5 years, 10 years from now. [music] How much time do they think we have? That's the whole point of this video. It is over now. I'm going to tell you what this transition is going to look like, all the things that are going to happen, and this is all going to happen in the next year in my opinion, and there's a lot of them. And then I'm going to tell


you what to do about it. Of course, the last time tariffs were imposed, trade war went that way. I believe it's going to play out exactly as it did back then in the time of the Hoovervilles. Have your opinion. That's mine. And I will have that stock pick for you guys. I know I've been working on for a couple of weeks. It's actually kicking my butt a bit. Here's why. It's way more difficult to find a good high quality investment at a low price now than it used to be not too long ago. Especially


since I know we're at the edge of a bubble. It's going to pop. So, how do you find a stock that'll do well that most stocks are going to decline in price? There are some though. They will benefit. Not in spite of all the chaos, but because of the chaos. Just give me a couple more days. I'm not forgetting about it. I'm working on it. If you're subscriber to peterleads.com, it'll get sent right to your email. And by the way, time out. The last video I did, the last 20 seconds was my favorite ending


to a video I've ever done. Ever. Please go check it out. It was absolutely glorious. And I know this is really bad optics right now in a time when everybody is struggling financially and especially when I'm expecting things to get even worse. It's bad optics. But the point of it isn't to show off or something. But this is another update from one of our many millionaires we've made over the last while. And of course, if you invest more, you'll get to that millionaire point faster. It's about how


much you invest in the first place. But the point isn't that. It's about what do you invest in that actually survived through all the chaos and it's just beginning the things that are going to do well. The stuff I told you about already, a lot of it's double and tripled. A lot of these gold mining companies, silver, forget about it. But there's still time in the last update I did. There's a whole bunch of stocks in my portfolio that I own that have a lot higher to go and are strong buys right


now. That was sent out to anybody who's a subscriber to the Peter Leads newsletter. You also want to promote what you're doing. Because a lot of what we're doing isn't about money or greed or accumulation. It's about survival, preservation, and investing in the right kinds of things. And they happen to do well. And that's what I'm trying to show you. Look, it's working for a lot of people. I think the count is five or six people who became millionaires directly or almost all directly from stocks I


told them about within the last few years. But of course, they invested larger amounts. So, but if you invested a small amount, that's what I think my specialty is is cuz that's how I got started, help you to turn a few hundred dollars into a few thousand. You do that once, you can do it again. And all of a sudden, you're in the game. If you like the fact that we don't have sponsorships, please encourage us and tell the algorithm it's a good thing by clicking the like button. And a quick


update on what's going on here with the studio, me moving into a van. I talked to my agent. We're probably going to renovate two bathrooms in the kitchen, touch up everything. I destroyed the place cuz I turned the corner with my scooter. It rips the wall apart and there's just a It's a frat house here. So, we're going to put in some time, let the snow melt. We'll get a better price and then I'm in the wind during the summer. I was trying to avoid the winter. Little too late. Speaking of


winter, it officially starts in one week from today. The solstice of the moon, the first day of winter, the day where the earth is furthest from the sun, the longest night and shortest day of the year. And from that point, the days get brighter and brighter and brighter each day going forward. That's the darkest day. It happens to be my 52nd birthday. Don't send me anything. You want to do something, send it to somebody who needs it. And remember, this is a time where financially the economy is over and you


need to take care of you specifically. Don't worry about everything else. Seriously, put yourself first for a change in your life and try and get set up where you've got lower debt, lower expenses, better assets that are going to preserve your wealth, and increase in price. Not in spite of the downdraft, but because of the downdraft. Expect that the bubble will pop as has every other single bubble in the history of mankind since day one when we were living in caves. As the economy ends,


and I'm not saying it's going to end and not exist. I'm saying that as it approaches the ending, there's a lot of financial pain and commotion and people taking huge losses and changing their lives for the negative and reduction in the quality of life. And this is what I truly believe is going to play out next year, this year coming up. And I've been wrong before. Maybe it'll happen the year after that, but either way, you don't need to be involved. You don't need to be stressed out about it. just


positioned properly and assets that are increasing in price such as the ones we talked about. Well, you know, the economy is falling apart already because of an increase in delinquencies. People who are going 60 days, 90 days without paying their credit card loans, their auto loans. There's a rise in home repossessions. There's a rise in bankruptcies which will accelerate going forward dramatically. In fact, in my opinion, be a major drop in the wealth effect as things like speculative things


such as cryptocurrencies and the magnificent 7 decline in price. Real estate has started to show signs of cracking. It was spotty where it was declining or increasing and now it's becoming heavier across the entire umbrella. With the rise of unemployment, which should be expected mathematically by looking at numbers of when people announced layoffs over the last couple of months and where the unemployment rate is, you can do all the calculations if you want to get super bored. As the unemployment rate responsively increases


to all of those layoffs, it's just going to keep on rising and it's really strong right now. But things change just like the stock market is strong. They point at that. Look at how low the unemployment rate is and how strong the stock market is. And my whole point is yes. So we're stretched as far as we're going to go. All of that can reverse and it can happen in hours. There's going to be a rise in defaults of all kinds and speculation will decline. And I want to say something too that a lot of this


negativity I feel like my job now is I just doom scroll. It's brutal. I'll tell you what, I'm not complaining. I'm not complaining. It's a known thing that a lot of people can get more views on their video if they talk about something negative. They spit vitriol where they put on just the right kind of winter cap. That's not what this is. I don't need to get views. If I wanted to get more views, I try to get more views. Each of these videos is a presentation. And I really enjoy my job now. I didn't


like it until I was about 51 years old. I've been in therapy my adult life most of it and at 51 I had a massive epiphany and I've started now enjoying this job instead of not enjoying it and I hope it shows up in the videos cuz I don't mind doing this and I had the best comment somebody said people sometimes get a little free tense so they have to like say something like you've got spinach in your teeth or whatever. One guy asked though he says why do you even do this like obviously you don't need to do it


but you're doing it so do you need the money and I actually appreciated that because that's the exact right question to ask. That's what I would have asked. I asked that about every YouTuber I see. I'm doing this now because I love it. But I see all this negativity and I pass some of it off to you. Most people can't watch this kind of content because it sucks. But there will be a decline in the economy which will lead to an increase in suicides, domestic violence, civil unrest, robberies,


homelessness, and version two of Hoovervilles. all leading up to what will be an absolutely legendary, epic, iconic recession that no one's going to mince words about. People know a little bit about a little bit. And so then they point to things like that can't be a recession because of this and that. But they're moving the pieces around. They're changing how you dictate a recession. To me, a recession is when an economy is recessing as it is right now quite strongly. in fact. But


enough of this Jim Jab. Here's what to do about it. You got to know what's important in life. The people. It's not things. I would suggest getting rid of all speculation. I would absolutely not hold altcoins. And anything that's a zero sum game, you understand that if someone's going to make a dollar, which you think it'll be you, somebody else has to lose that dollar. But if there's unlimited amounts of whatever cryptocurrency can be printed, the actual value calculable is zero. But if


you're going to get out of that kind of stuff, Magnificent 7, all the stocks, most stocks will fall when the bubble pops, not just the top ones. They'll do it in different orders. Who goes first, it's irrelevant because you moved on and you're going on with your life, not stressed out, not worried about it, not even thinking about it. You can watch it from afar and have your assets beside you growing and keeping you safe. And it's not too late. There were actually, it surprised me when I read it in my


latest peterleadeds.com newsletter. There's a whole bunch of stocks that I own that I said, you know what, this is a strong buy still. A lot of them are going to go up multiples in price and they haven't yet really started going. Even some of them that have gone up twice in price, three times the price already. There's still some that haven't. And they're going to picture it this way. You sell lemonade for 50 cents a glass and it cost you 40 cents. No, it cost you five cents to put


it together. Then now you're selling lemonade for 20 bucks a glass all of a sudden and it cost you still five cents to make that glass. That's all profit, which is what's going to drive all of these precious metals companies through the roof soon. You should also cut expenses. That's something that anybody can do, myself included. Cut expenses all you can. I know it sucks and it's not forever. Just for now, be responsible financially. You're going to take your whole family out for dinner. I'm not


saying cheap out, but I'm not saying go to the expensive fancy place that you take your kids to. [laughter] You know what I mean? And I have heard from my former what I considered my business coach, Michael Gerber. He was the author of the E-Myth, the entrepreneur myth, where you know, you're working at a shop baking cakes. So, you're making cakes and you say, "Well, how come she owns a place and she gets all the money from these cakes I bake and I just get the hourly salary or


whatever." So, then you say, "Okay, you know what? I'm going to go start my own cake baking business." And the E-Myth, the whole point of it is like, you're not thinking about advertising, competition, setting mouse traps, plunging toilets, insurance. I could go on all day. You get it? Anyway, Michael Gerber used to always say, "Turn your biggest obstacle into your biggest opportunity." And it's uncanny how cool that is. Anyways, so a lot of people are having a hard time with inflation and


grocery bills. And this is me overstepping my bounds. I'm going to admit that like right up front. I'm out of my lane here. None of my business. I don't know nothing about this. You guys don't know me from this aspect of what I'm going to talk about now. I do one meal a day now. And part of it with all the benefits you get, and I'm not selling anything. I'm almost done here. Is that you wind up spending dramatically less on food and you're way healthier. You're


shedding cancers out of your system and you're hungry and you spend a fraction of what you did. Anyways, moving on. I always try and bring you guys down even more when I say you got to do an audit of who you are going to be responsible for or who you can help or who you need to help. And it may not just be your elderly parents. It might be your elderly neighbor. It takes a village. Right now, I think it's going to take all of us just to weather what we're about to face. You're going to


want to lean on your neighbors. They're going to lean on you. So, if you're buying a whole bunch of food for your freezer, you're a little extra. You never know when it's going to come in handy. And I believe when it's going to come in handy sooner than we want it to. And yeah, you can sell things from your garage, spend less, rent out your extra room, take a side hustle, whatever is best for you. But what's best for you is to do something to take actions. And you don't have to like hurry and do it. Just


sit down with a blank piece of paper, cup of coffee, nobody around. Sit in the dark and just think for well turn on the light if you're going to write. But just think about if I'm right, what does that mean? What are you going to do? How are you going to do it? For example, subscribe to this channel. But anyways, moving on. And for example, too, another example. I do not buy gifts, Christmas gifts. I don't buy gifts for anybody. maybe a birthday gift, but I tend to not and I just told


my I have three kids and one day I said I'm not gonna buy gifts and they're like nah. [laughter] And it's got nothing to do with the wheelchair or the disability. Like I just don't buy gifts and the money you save and they don't really care and there's so much waste. I used to take scoopfuls of gifts from over the years when I cleaned the basement. There's like old broken toys and stuff that everybody feels you have to buy stuff for everybody because what represents.


give them some knowledge. Or, hey, I don't know, why don't you buy for your nephew or niece or your kid or whoever your grandpa a subscription for three bucks per month to the Peter Leadeds team letter. I talk about all this economic stuff and you want your nephew or niece to understand the benefits of surviving in this current world once the bubble pops. Even though they're kids, they're way more mature than you realize they can handle it. If you know anyone it would help for them to actually hear


this message, please send them a link to the video and also subscribe to the channel and yappa yappa. The algorithm will thank us all. >> Buddy, look who's coming. Come on. They adore you. Look at them all. They really adore you.