I always tell you guys that the economy is like a big set of lungs you breathe in you breathe out that's economic expansion economic contraction we are about to enter a big period of economic contraction deleveraging deflation because we've got a situation now where we've got cryptocurrencies at all-time highs or very high prices house prices at very high prices you've got stocks at very high prices you got precious metals at very high prices there's just been a massive dump


of liquidity into the system monetary creation taking on debt and all of a sudden everyone's all happy and everything's going up in price but guess what you can only run so far to one edge of the raft everyone's going to be coming back over and you saw what happened a couple weeks ago or a week ago where it dropped so fast and everything was just red on the screen and everyone started panicking and that was a short-lived moment or a blip but wait till you see the next one where it gets followed on day after day with more


red more losses it's necessary for a lung to breathe out we are going to have deflation and that's going to lead into my second part of this premise that we're going to go into massive double digigit inflation but first the deflation has to happen I'm going to explain everything in this video you guys are going to love it you're going to get to watch what I'm telling you right now play out in front of your very eyes please subscribe to get our next actionable video before we get into the


inflation part and I'm going to explain to you why we're going to get into massive double digit inflation first we're going to talk about deflation all this economic overextension is going to come back now you're going to see cryptocurrency prices falling pretty significantly you're going to see stock prices falling very significantly you're going to see real estate do what it's already begun to do now but what I've been telling you is going to be happening for years now and also I


looked into this a lot over over the last week and a half I'm trying to figure out what happens to gold mining stocks and this is one of the questions that you guys are asking me all these gold mining stocks that have been doing so incredibly well when do we pull the trigger where do we jump out when do we take our profits and I'm telling you it's no time soon the more I looked into it the more I realize this and this is not personalized trading advice you do what you're going to do you make your


own decisions you leave with the results of those but I'm telling you from what I've looked at my understanding is that in general typically the stocks that are involved with gold mining precious metals they will not fall at first when the rest of the market is collapsing and that part of the market goes and finishes its collapse down maybe 60% or more at which point then the mining stocks start falling that is a historical precedence that's what's most likely to happen especially when you


include a lot of things that are happening right now that weren't happening before you help yourself and people just like us when you click the like button if you go back decades there wasn't as much Central Bank buying from India from Saudi Arabia of gold from China of course from every country in the world except for Western Nations for some reason Europe North America we're just getting rid of gold selling gold it makes no sense at all and it's a massive massive mistake the countries that want


to be more relevant in the future know that they're going to buy a ton of gold so they did now Russia China loaded up on gold if they get into any kind of military conflict which they actually cause that just drives up the value of the investment they just bought you can manipulate the markets you can buy a bunch of gold and then invade Ukraine and all of a sudden all the gold you bought is worth more but the real moment will be when they announce and release the brics currency that's backed


by gold all the brics nations have been buying gold aggressively and they're almost ready to announce what they've been working on for decades now this is going to be an alternative to the US dollar it's going to get China and Russia from underneath the threat of sanctions from America and it will be the only currency that is backed by anything that is actual real money which is gold every other currency is a fiat currency that means that it's not backed by anything it's just an idea


that we all agree upon so what can I tell you about the deflation the reason that we're set up right now overextended so far one way and it's going to come back is because of a lot of the reason I'm about to tell you right now the overvalued markets that I've been talking about for a while and they keep on Rising I know but when they come down it makes up for all of the extra 5% 10% you might have got in fact I think the risk Horizon if you want to invest in stocks right now because they've done so


well and you hope that you're going to get another five or 10% I think that's the most ill-advised approach I don't think you should be trying to get 5 or 10% on stocks right now oh Nvidia is going to do well you want to buy that stock go ahead Donald Trump media stock whatever it's all going to be coming down and that's whether or not we go into a recession which every recessionary indicator every early warning sign is just flashing red screaming that this recession that was


delayed a while because of the monetary creation and quantitative easing all of this recession that's been on the doorstep banging on the door this whole time is going to kick right through through that door and walk in some recessionary indicators are an inversion of the yield curve which happened ages ago it's been inverted for a while now every time there's a recession you can look back and see the inversion of the yield curve or if you look at the US dollar chart it's falling as you'd


expect here's a chart of the dxy and then you see things like Commodities like copper that are doing a little bit worse or steel and what's the other thing that we see a lot of right before the recession and into the recession which might even cause the recession are the massive increases in number one layoffs and number two bankruptcies layoffs go first and then they lay off more and they lay off more and next thing you know the company goes bankrupt that's how it works here's a


chart of recent bankruptcies and never look at the final number or the actual level it doesn't matter think of it I invite you to think of it this way always look at the trend our rates going higher or are they going lower you don't say rates are high you say from here they're going to go higher or lower that's the way to invest but I've long said that the unemployment rate was going to increase and it was incredibly low so as that such a great call the reason is even when people


weren't realizing it the Peter lead's newsletter is one of the most popular financial publications of all time I was telling you a long time ago that this unemployment rates got to increase as we roll into the recession it doesn't increase before the recession you'll remember me telling you this it increases once we are in the recession the other thing that increases before a recession is financial fraud and there's more fraud than ever and there's a lot of different types of crime that are


increasing at the same time as well crime will get worse when the economy gets worse according to the data book people reported losing 10 billion in scams in 2023 that's a billion more than 2022 and the highest ever in losses reported to the FTC and one more chart here for you I got a chart of the inflation rate right now people look at this chart and they say is this inflation coming down no it's an approach to deflation it's an approach also towards recession you've been told for years


that the econom is so strong that we've got everything under control and I've said four years no we don't and it is not strong and just look at the revision they say that we had created so many jobs everyone says wow unemployment rat so low we're doing so well the economy is so strong and then months later they come out and say oh we wrong I'm sorry $818,000 of the jobs that we thought were there that existed they just don't non-farm payroll growth revised down by 88,000 Labor Department says the Bureau


of Labor Statistics said the actual job growth was nearly 30% less than initially reported so you're lied to 30% more than you should have been that's a 30% lie the revision to the payrolls is the largest since 2009 the biggest revision came in professional and business services where job growth was 358,000 less than initially reported I'm just going to keep on telling you guys that this economy is really weak no matter what Joe Biden and Kamala Harris says no matter what politicians tell you


everybody is saying the economy is so strong because it needs to be strong for them to look good or accomplish what they're trying to accomplish they need you to believe the economy is strong and they point to unemployment and they point to the stock market both of which are GNA look very different six months from now both of which are GNA look very different six months from now when the recession happens when all this deflation happens there's going to be a lot of financial calamities a lot of


people are going to lose fors it's going to be so much worse than you realize right now because you don't remember what it's like when the markets were going down it's been so long most of the stock Brokers right now haven't even experienced a really heavy duty serious downtrend in the markets and as I've told you before when start lowering rates which now today literally today Jerome Powell says it's time to start lowering rates as if that surprised anybody which is what makes me so mad


when he goes yeah we're going to lower rates which was news to absolutely no one and all of a sudden gold prices go up 35 bucks it doesn't make any sense because it was so clearly telegraphed and obvious so there's your opportunity just pay attention there's free money everywhere the Peter lead's newsletter is one of the most popular financial publications of all time but this is from the same Louis fed you can see how when they start lowering rates that's when the recession gets set


off which is strange that Jerome Powell doesn't seem to know this the vast majority of people don't know this but look it here here here here this next phase of our economy is going to be incredibly bad Ireland is in recession Canada's in recession Germany's in recession Japan's in recession China is in recession America will be next but this all leads into the second part of the premise where you go from deflation everyone loses a lot of money there's a lot of values all over the place that's


why I suggest that you go to cash and also if you own gold mining companies or silver mining companies don't act yet in my opinion wait until the stock market's almost done crashing and then you get out of the gold stocks but not until because between now and when you have to get out of the gold stocks it still got tremendously higher to go in that brief window of time just like you've seen since I've been talking about since with $11,600 or so it's going up incredibly quickly compared to historical


precedents compared to other types of Investments compared to real estate compared to cryptocurrencies compared to stocks gold is outperforming everything and I've been telling you for years that it's going to outperform everything and I made a really cool video that's going to be out after this one that is talking about things I said many years ago talking about why you need to get into gold and I started doing that when silver were at $20 after a long time of being unloved gold is finally starting


to wake up and you're seeing this possibly caused by the rampants buying that China is doing in preparation for their new Reserve world currency that's backed by gold but what does the Federal Reserve do when everything is read on the screen when you're looking for the plunge Protection Team to come and save you what happens is the Federal Reserve overreacts and they do quantitative easing they print more money and they just greedily take on more debt and everything is just given unnatural long life before


the reality happens and whatever they do to delay things whatever artificial influence they roll out that will be temporary and when it wears away the height they brought us to that's how much harder it's going to be on the way down so don't celebrate an increase in the stock market that doesn't mean the economy is strong it just means that we are all going to have even more harm to us financially when we come down from the unrealistic height we go past realistic levels and even further down


you overcorrect to the downside and that's when you bring all your cash to bear and buy up all of these low priced assets for example stocks go down 60% and in my view gold prices silver prices will keep on going higher but at that point that's when you sell the precious metal stocks and roll it into cash and roll it into a lot of these stocks that used to be $100 and now trading for 10 when the Federal Reserve over re acts with monetary creation they are going to do something I did not believe that they


could do they are going to make this chart look even stupider who can look at this chart and understand that the economy is in a lot of trouble this is combined with the debt chart all of a sudden we don't really even have an economy we just have an economic environment that we're waiting we're holding up waiting for it to go back to reality one thing about reality it just keeps on showing up and that will become a time after the defl is done that will become a time of double digigit unemployment double digit


inflation Commodities not including precious metals are going to go down stocks are going to go down real estate is going to come down cryptocurrencies is going to come down I feel like this is patently obvious maybe I'm wrong this is what's going to happen I'm just telling you to help you gold miners will fall hard in price but not before the majority of stocks have already fallen over 65% plus you've got this election both parties you guys get two choices one or the other A or B it's a light switch for


some reason you got two parties they're both saying Jerome Powell you've got a lower interest rates they're both pushing for lower interest rates and since they are the ones who choose for Jerome Powell to have a job he'll do what he's told and if you want to look at historical precedents look back over history forever then you'll agree with me that things are going to come back to a realistic level that they're going to overcorrect it's going to incredibly surprising when people who have become a


stock broker have never seen a down Market but here's the real Crux of why we get into massive double- digigit inflation in the recession you're going to see things like the velocity of money slowing down it's already really slow this is just how many times the dollar is used as it passes through the economy so over a year usually it's by a year what's the velocity of money if it's five maybe that dollar paid the guy who painted your house he bought some food restaurant owner paid their workers


those workers bought food at another restaurant that money went to pay some bills that's a velocity of money of five the more active the economy gets the higher the velocity of money is going to go and vice versa but right now the velocity of money is really low and we only have mild inflation when there's not really a lot of activity in the economy but there's just more and more dollars that are going to be brought to bear not only created brand new there's US Dollars all overseas countries own


hundreds of millions if not billions of US dollars they just hold them and they use that to transact for oil purchases from Saudi Arabia for example but now that the Petro dollar is waning over time over time over time it'll just keep on getting worse each day not quickly but worse each day fewer dollars are needed to purchase oil people are doing it in petrol you on you can do it in whatever currency you decide whoever's selling the oil and whoever's buying the oil it's between them it's got nothing


to do with us we've had this artificial Petr dollar system based on an agreement between America and Saudi Arabia and I tell you about artificial things they're always temporary and now the petrol dollar is fading away waning and there's more countries that say why do we need $500 million of US dollars for if we're not going to use them and so those dollars eventually find their way back to America that country could either buy things from America like fighter jet or they could buy something from another


country that then buy something from America eventually all those dollars come home to roost and then what you have is all the new dollars created the current dollars that are here all these new dollars coming back to America and all of a sudden we're just crushed we're a wash of all these US Dollars and all of a sudden there's fewer Goods because we're creating less we're usually buying stuff from other countries as our dollar Falls it become more expensive to buy things from other countries so you start


looking internally and those dollars not only come back back to our Shores but they stay within our Shores and as the velocity of money picks up at all that just drives inflation higher that's exactly how it's going to play out as well a lot of American debts can only be paid back with US dollars so a country or an entity owns debt to America when they pay it back that's going to be US Dollars coming back home to roost and I showed you many times by the declining ownership what we've lived off is that


China and Japan have gracious bought our treasury bonds that money covers over our deficit with things we bought that we couldn't afford to pay for we get the money from China Japan they're not doing that anymore not only are they not buying which is step one they're selling that's step two they're lowering their amount of exposure to American debt and all of a sudden now we have to create our own new money to pay for things because we don't have the money to pay for stuff we' got $10 we


spend 20 so we just make up another 10 so what do you do about all this the only one thing you need to do about it is to understand this is how it's going to play out everything else will come to you to sck a nap go to bed wake up tomorrow you know exactly what to do if you believe and you understand what I'm saying is going to happen look into it yourself find out for yourself I've got a pretty good record of trying to survive by being right about this stuff my business if I eat it means that


I'm getting something right and I've done that for decades and decades I know that everybody in their Grandma's on YouTube right now I was on dialup internet when I had to get credit card processing I had a multi-month process filling out paperwork because nobody else did it you dial up and you hear that old dial up sound do you remember that you guys if you remember phone booths you probably remember the dialup sound that's how long I've been doing this exactly this I've never changed


what I'm doing the only thing that's different now is I've disbanded my entire team and I just take care of everything myself you guys might have noticed if you ask a question to customer service that I'm the one who replies to it which is kind of good but also kind of like you probably wonder like why is this guy doing all this but it's because it's just me now I'm just going on my own solo career you're going to want to hold in my opinion your precious metals companies silver gold miners the


physical Metals just hold on to it and don't stress out and don't worry even when it dips just like we saw two days ago gold prices dipped a lot and people were worried about it they're reaching out to me I'm on the front lines here and then what happens you wait a day and it goes back up when Jerome Powell says what you all knew he was going to say and all of a sudden people react to it how could you not already know this but anyways you're going to want to get out of all these


stocks in my opinion all of them unless it's precious metals or oil oil is always being pushed lower because the entire global economy is slowing down as I told you Ireland Japan China but that's where the whole Spike and fade video about oil was that it's just being pulled lower constantly day by day minute by minute but at the same time it's prone to massive instantaneous spikes if any kind of military conflict breaks out please subscribe to get our next actionable video speaking of which you want to ask


me a question just email me and you can have direct contact with me I will talk to you all the time if you be become a Peter Leeds Insider plus all the other benefits you get if you go check out Peter leads.com Insiders