I've been warning about this American debt bomb and the way we're running the entire country the entire economy I've been warning for decades my entire career because this is going to end clearly in a really bad way you've heard it said that the American economy is so strong and I know you have because I've heard the same things from the same people that you saw on TV when they say it I was watching it too you've been told the economy is so strong so many times is it because they're poting to a


lot of really good things a lot of things that American econom is doing how do you gauge strength I have a different view of it than some of these economists that have hidden motivations that need to tell you that biomics is working or that the economy is so strong even though you can't afford to pay for cheese we'll get into all this we're going to settle this argument once and for all and most importantly of course what it means for you what to do about it how you can benefit land on your feet


and actually turn lemons into lemonade now I know I I say the economy is weak but let me ask you why are they saying it's so strong because there is some there are some really valuable things that are going on that are good for the economy so let's give credit where it's due and check out this there's a booming stock market the S&P 500 it's up year to date take a guess 15% year-to date meanwhile we've got this really low unemployment rate 3.7% which is really healthy really


strong this is one of the things that Jerome powerwall points you to say look at how strong the economy is and you're going to continually hear again and again all these claims about how Biden economics is working Biden ecomics is working or how the current Administration is doing the right thing and they're helping the economy even though every metric I look at that tells you the econom is getting worse is getting worse we're going to get into all of this deeper but most importantly


we're going to talk about what you can do about it how you can benefit here on this channel we talk about how to turn a small investment into a small fortune how to avoid the risks we look at two things for you on the American economy and we talk about it on this channel risks and opportunities where can you change your life by putting a few hundred dollars into an investment that you just wait and then it's worth a lot more and you take the money out and spend it on your kids long story short


if you want to thrive through this massive once in a lifetime economic breakdown your first step to bettering yourself landing on your feet is subscribing to this channel now let's get into why people are telling you the econom is so strong even though we'll get into it the reason they're telling you the econom is strong is because they all every one of them has hidden motivations they all want to show you what I've been doing is working or what we're talking about is working


or this Administration is doing the right things even though the economy is clearly obviously not doing well by talking to any regular person go to the grocery store and then tell me the economy is so strong all this inflation is not a sign of a strong economy the inflation is a sign of a weak economy that's just add it to the list keep a track in your mind all these things I talk about that show Growing weakness in the American economy in the face of all the people in power telling you the


exact opposite they're gaslighting you every cheerleader for the strong economy has an agenda politicians like Joe Biden want you to believe that their policies are working officials like Jerome power all highlight positive numbers while downplaying vulnerabilities and what they're not mentioning is how quickly these indicators can absolutely crumble or reverse we've already seen the layoffs they just haven't absorbed into the unemployment rate yet that will happen and the layoffs will increase


bankruptcies will increase delinquencies will increase and they are all doing that we'll get into that in this video but as things get worse you're going to have unemployment Rising as the recession begins not ahead of it well these politic policians and people in power that are trying to Gaslight you are missing is how quickly these indicators can crumble over 300,000 Tech layoffs occurred in 2023 alone the highest level since the dotcom bubble meanwhile credit card delinquencies have surged to


7.3% which is the highest it's ever been at in the last decade and meanwhile household debts hitting a record and it's hitting a record because people are battling inflation they're having a hard time with this economy so they take on debt on their credit cards or they borrow now to maybe pay it back later spend now pay later can they pay later that's the point we're at right now we're finding out right now can people afford what they thought they would be able to afford this is why we're having


delinquencies and defaults when interest rates are really low people could just borrow as much money as they wanted and there wasn't really a big carrying cost to it so you could just borrow $500,000 is not really have a hard time paying off the carrying cost on that debt and then interest rates go up and all of a sudden now people are thinking well wait a minute I don't have the money to be able to afford the carrying costs on this debt because now carrying costs are so much higher because interest rates are


higher and this is the point we're at where the mud's hitting the fan the reality is coming back to the world the chickens are coming home to roost it's a point now can people pay the money that they borrowed some of them can some of them can't I'll say it that way so you've got on one side low unemployment good stock market and also the massive GDP of the American economy but what's the real story and I think that if you've seen these videos if you've been around here


and I hope that you've subscribed so that you get to see all these videos and we have a great one coming up about inflation so make sure to sub subscribe and also if you like this video at all click like it encourages us help us spread the word but you're hearing all this positive things about the economy but the real story is an absolutely dissolving economy as if there's been acid poured all over everything think of the American economy is a structure slowly being eroded by acid the signs are


everywhere just look at purchasing power of the dollar this chart will show you how much your dollar buys compared to not long ago the US Dollar's purchasing power has declined 97% since 1913 creation of the Federal Reserve and the other thing that's out of whack when an economy gets unhealthy a lot of things get out of whack one of which is housing affordability which I've had an issue with for a while now and I've been expecting housing prices real estate to come down across the board and I was


right in Canada that happened already and it's happening even deeper now don't try buying a condo in Toronto that's not a good investment right now but also I expected prices to come down in the states a lot more a lot sooner and I still do my Outlook hasn't changed but I just haven't got the timing right I'm always early this is just my curse the median home price in the US is now over $425,000 while mortgage rates have skyrocketed to over 7.5% pushing home ownership Out Of Reach


4 million whenever you have a kind of schism like that where people who need to buy houses the value or the cost of the house is beyond what the average person that needs to buy a house would be able to afford the way things normally go when things get out of whack or sketched out like that it always ends badly and very little chance of it going up much higher but I was wrong before I don't see how real estate prices especially as we're about to enter recession especially as the entire economy is about to reverse


from greed to fear all of this is happening right now I don't see real estate prices going up like they have been recently and I do expect them to come down markedly meanwhile let's talk about the big ones the debt and the deficit you know personal debts your neighbor's debt the debt of the company you work at the municipality the state you live in the federal government all have taken on way too much debt before regardless of interest rates but then when interest rates were low everybody took on even


more and now everyone's sitting here with this big debt level on their shoulders and there's not enough money coming in to pay for it and that's when you get into zombie country zombie companies where they can't even afford to pay the carrying cost or they're paying just the carrying costs on the debt it's like paying your minimum on your credit card then you're thinking well I I've taken care of that for a month but that amount just keeps on growing and growing and it just keeps


coming back they're not solving the problem there's delaying it or putting it off and that's what people are doing right now because they're financially strapped and they all expect that they'll be in a better place down the road they'll get their things together and they'll find a way to pay for what they owe but here's the thing I'm wrong plenty of the time I believe that we're about to enter a very negative time for the American econ American people quality of life levels


of homelessness impoverished people I believe that we've feasted on all this greed and it's all going to come back because we've overleveraged there's so many ways that any one of about 14 different branches could break and the whole tree H is coming down federal spending topped $6.4 trillion in 2024 while tax revenue is covered only 83% of expenses doesn't really matter though does it we're not bringing enough money from taxes to pay for the things that we've already spent we buy things and


then we say should we raise the debt ceiling to be able to pay for what we've already bought that's what's going on people think that we're raising the debt ceiling to be ready to buy more stuff we've already bought it we've already used it now we owe the money it's this question of do we Welch or do we pay and the problem is we're getting to a point where we're not going to be able able to pay even if we want to we have great intentions we want to pay what we


owe we want to pay what we spent but we're unable to there's a difference that's when everything topples who Among Us thinks that this debt bomb the Great American debt bomb is not a problem I'm asking you do you think that and if you don't think it's a problem tell me why why tell me where you think this goes how does this all end the end of the road is not sunshine and rainbows and it's coming up really quickly and I'm sorry to be a wet blanket that's why people don't like


listening to me I don't care I'm going to stuff reality in your pocket you decide what you're going to do with it and something else you can keep in your pocket is the entire Peter leads team and everything you ever say you get the Peter leads app on your smartphone m.p leads.com it comes free for anybody a Peter leads.com subscriber meanwhile the annual deficit reached $2.2 trillion pushing the national debt to 35 trillion which is over 130% of gross domestic product people always say well Japan had


higher debt to GDP so we're not as bad as them so therefore we must be okay take it into vacuum Japan has a different economy than we do high debt to GDP ratios are very negative they illustrate weakness in an economy and they typically get worse and they typically go as long as they can until they explode they blow up everything falls that's why you can have a wheelbarrow of German Deutsch marks nobody cares and where are we at with economic stability real people on the ground how's it affecting them


homelessness is never being this High homelessness to me is a reflection because I believe that the strength of a Nation or a person is always about how you take care of the weakest among you we should be well I'm mortified we should all be mortified by the way that we are dealing with the problem of homelessness people think the problem with homelessness is that people don't have a home that's got nothing to do with it homelessness increased 11% Nationwide in 2023 the largest jump since tracking


began so the economy is getting weaker visibly that you see when you drive to the church in town you see all the homeless people on the side of the road since they started keeping track of this decades and decades and decades ago homelessness has never increased this quickly said another way the economy is never getting dissolved by assd this quickly corporate bankruptcies in 2024 are up 38% year-over-year signaling stress in the private sector oh really bankruptcies up 38% from last year till now that's


absolutely insane at that rate soon every single business in all of America would be bankrupt 38% greater than the year before do that for a couple of years see how far we get but at least you could say that we sell plenty of stuff to other countries right here's the chart of the Manufacturing Index anything under 50 is decline where anything above 50 is growth or expansion we don't make a lot of stuff in America we're making less although we're doing a lot more efficiently with


artificial intelligence and Robotics and automation all of that it's tremendously tremendously more efficient which is anti- inflationary so that's something I'll keep inflation coming down one of the factors pushing it lower while there's a bunch pushing it higher and like I said our new inflation video is coming up so make sure you subscribe so you don't miss that one but it goes down to the balance of trade how much do we buy from other countries and how much do we sell to them and I've showed you this


chart many times it's always negative by tens of billions and it gets worse and it's pretty standard that we're just buying stuff from other countries and what are we doing we're getting giving them American dollars for it and so we've got this negative trade balance always we're always just putting out more money putting out more money than we're bringing in because we're not making things to sell not like we used to and not even close to what we need to be doing and


we're sure certainly not making anything in America hardly anything if you find a product made in America that's an outlier and it's something to be purchased and supported and spread the word about it because you want to buy buy more things in America and if we all did this decade from now the country itself would be in a lot better place quality of life would be better you'd be wealthier but what are we talking about I mean this isn't going to happen the US trade deficit W into


over $1 trillion annually underscoring a dependence on foreign production and debt and the overused analogy you always hears about frogs in a pot you turn it to boil and they'll just stay there gradually warming up they'll never jump they'll just stay there till they're dead cuz they'll boil look around man we're frogs in a pot and if you think anything different than that enjoy the next couple of years like frogs in a pot of slowly boiling water most people don't realize


the danger until it's too late the warning signs are clear Rising default rates on car loans currently at 99.3% is the highest since 2008 what else happened in 2008 the global fin financial crisis so since then when everybody was losing their houses everyone's losing their cars autoone delinquencies and default rates on car loans has never been higher meanwhile people are making a little bit more money than a year ago two years ago a little bit but inflation and the cost of living is grown by double digits so yeah


you're making more but it's even more expensive to live so are you better off or worse off just like a 100 years ago you could have got paid $5 a month which doesn't sound like a lot I know but that was a good salary back then it's a lot of money and now some people making $50,000 compared to five and they're still not being able to pay their bills that's an example too of what I shown earlier about the decline of the purchasing power of the dollar you see how weaker it got used to have a dollar


it could buy you think is powerful now it's just one of billions that we're just producing and the problem being we're not done producing them we are going to have quantitative using coming up we're going to create an entire massive amount of money to cover over all the stuff that we've already spent and the things we're going to spend on in the future and paying nurses and doctors and soldiers and teachers and firefighters and federal workers all with money most of it being created


brand new right now will there be more US dollars in a year than there are right now I'm asking you what do you do you think if you agree with me you know that there will be a lot more and therefore the value of each dollar is not as much if there's $10 they're each worth a lot if there's 10 trillion a single dollar is not worth what it used to be that's what's going on and an increasing number of Americans are relying on their credit card to buy things like coffee that is a statement in


itself you can drive by a patch of grass in front of the church in Victoria and see probably 150 homeless people sitting right there and that's a visible manifestation of the weakening economy but things like purchasing small items on a credit card because you don't have the money to buy it that's a tell it's a statement it's a demonstration an illustration of how this economy is getting weaker and how everything I'm telling you is playing out and I've been talking about this for


decades this is not me showing up to I'm not some Johnny come lately I've been warning about this American debt bomb and the way we're running the entire country the entire economy I've been warning for decades my entire career because this is going to end clearly in a really bad way and so now I'm just about talking to you you and me this is going to happen we can't affect it we can't control it but you can control the actions you take just like I'm controlling the


action I take it's going to be bad and you're going to want to help out a lot of people in tough times and you want to be in a position to do that financially and so a lot of what we're trying to help you do is get through this economic breakdown on your feet so that you have some power on the other side of things the entire world is changing right now faster than it ever has been I was talking to my contractor the other day I missed the 80s the 80s were great ' 90s pretty good but just before we talk


about what you can do to turn limons into in Aid I want to say this is not just an economic downturn this is a system that is actually dissolving before our eyes and I'm telling it to you so you can't say that you didn't know or you weren't paying attention to this and you either agree with me or you don't I'm talking to people who agree with me there's things you can do to land on your feet and help the people that you care about and be in a much better place than you would have been I


imagine that just about everybody's going to be in a worse place than now but you could be in not as bad a place as you would be if you don't prepare I think you understand what I'm trying to say some of you understand those people who I'm talking to right now definitely getting involved in real money which is precious metals like gold gold mining stocks will do even better than the price of gold generally most companies do really well especially if they're mining for say oh I don't know gold and


the price of gold goes oh I don't know up $1,000 since we started talking about it on camera and you can go go back and look at it right now and see all the things we were saying about it and why China's buying was going to drive up the price of gold and no one's listening to me until now and they see it they say okay that's why that happened and I'm like yeah I also think you should avoid really high-risk things like oh I don't know Nvidia stock a lot of The Magnificent 7even I wouldn't be anywhere


near that stuff I wouldn't be close to it and it doesn't matter if it goes up another 5% or 50% 75% goes higher wow you missed out you didn't miss out it just Rose when you didn't invest in it but it doesn't matter if it goes up 75% then it comes down 80% these stocks will not be at the values they're at or higher than they are right now in my opinion a year from now not even close and everyone's talking about oh this crash will be big it be 85% people saying 30% whatever


this economy is reversing anytime there's uncertainty among investors that's when you're at a transition Point like now when you can see that the volatility day-to-day is becoming more more normal I always tell you that whenever you see the volatility increasing that's when you're at a market top or Market bottom because it represents indecision among investors at this level people aren't sure what to do so Nvidia goes Higher and Higher and Higher and Higher you definitely don't


want to be on the train when that reversal Point happens when things turn around start coming down across the board you turn on the financial news one day and everything's just red across the board and silver and gold mining too by the the way don't think that you're immune from it I'm just saying the best investment in my opinion is to be in real money which is gold silver precious metals some really modern really disruptive Technologies a lot of companies that are benefiting from these


new technologies and new understandings and artificial intelligence there's a lot of opportunities here available to you right now that were not two years ago we're not 6 months ago and this is what we do at the Peter leads newsletter we're trying to find especially technology companies that are disrupting and they're going to make money no matter what happens with the economy the other thing we do too is we look at stocks which will do well not in spite of the recession which will be here soon


but because of the recession a lot of companies that help other companies spend less money or be more efficient or save money they're going to do great as long as they get past the proof of concept phase which is one of the first things we look at when we're doing 29 Point leads analysis on a company and you know what you could have is a really strong economy with low unemployment really good stock market and your balance of trade is positive and your debt loads are diminishing or getting


paid off you can have a strong economy without all these problems I talked about today but you can't have a strong economy with the problems I talked about today every aspect of this economy to me almost every aspect feels so weak and the only ones that they say are strong are completely reversible and historically don't reverse until we get into the tough times which are just ahead in the form of a recession which is so slow moving we still have the same problems that we had in 2007 that we


never dealt with the global financial crisis we should have washed out all of that over leverage and it did but then we just reinflated we just re ballooned even bigger we are so vulnerable right now and if you take the part of your mind that's greedy where you're saying well I've got $600 and I want to turn into 10,000 and therefore my life will be better you can do all of that without even investing a dollar just make your life better you can choose you can choose to have a good day you can choose to


accomplish something you can choose to not be lazy you can choose to do something that's hard and do it anyway and if you know the economy is weak and then it's going to be paying the piper there's things you can do to set up now such as and I'm not giving you any personalized trading advice I don't suggest do any of this put options you got have inverse ETFs that do do better when the stock market comes down it's about moving out of the risk which is what everyone else has invested in right


now the group the mass everybody in their grandma is buying Bitcoin will it go higher yeah will it go higher in the short term I don't think so I think it's going to come down first but all of these growing negative things for the economy is why I'm saying that this is like an asset economy there's just all these things that are dissolving before our very eyes and they're clearly going to keep dissolving what I want for you is to land on your feet make money better yourself help the people you care about


your loved ones and the way to do that is to understand all these things I'm talking about navigate these changes understand that I'm right and that they are real this weak economy cannot be ignored any longer much longer it's being ignored everyone's just looking the other way paying no attention kind of like you would do with an illness and you think that that's what would make your you're almost go away how do you think it ends right so same thing with the economy everything I'm telling


you is going to play out as I'm telling you I'm wrong pling of the time I'm often early everything's going to play out exactly as I'm telling you you need to land on your feet you need to make moves now this is for real this is life and death you've got to get through the next year or two of what's about to happen with this economy because it's going to be so so extremely different than right now and no one's recognizing that yet but the people who recognize it


now and start preparing for that eventuality are going to land on their feet they are going to take advantage of opportunities other people don't see don't make it harder than it needs to be this is not a difficult game you just need a little Direction you can do it if I can do it I guarantee you can do it land on your feet this is a choice choose I'm going to land on my feet and then you'll know what to do about it I got problems got so them they keep talking I don't know them I don't need


that don't hold them I just make connection like I'm them turn up show them me burn up here