I've got about three more decades left in me and then I'm going to hang up my cleats time is up for this economy and what do I mean by that whether you're talking about stock market or real estate or any aspect of the economy debt levels interest rates it's all coming together it's all running out of time I want to explain exactly what I mean by every stage of this process as we go as well at the end of this video there's a big announcement I need to make about the Peter leed's newsletter and Peter


leed's Army and really a lot of things are going in a bad Direction getting a little bit worse and I'm going to show you what happens when they go in that bad Direction and I don't mean to scare you of course there's always opportunities in fact there's more better opportunities in a time of chaos or commotion like this more millionaires were made during the Great Depression than any other time in history up till that point so we'll keep telling you about all these opportunities but in the


meantime we have to ask ourselves about time running out for this economy I told you that when the Federal Reserve starts lowering rates in or around that time is when the recession will begin technically we had a recession there and there but then decided change in definition say oh no that's not what a recession is anymore even though I'm 50 years old and that's what they said for 48 years of my life plus as I told you there's a rolling recession that's been passing through town this entire time


one section of the economy at a time but fret not when this proper recession gets here in full force it will be unmistakable and I don't mean to scare you if you're scared that's probably good but it'll encourage you to take action because there's actions you should be taking but I'm not trying to scare you I'm trying to set you up and help you benefit from massive opportunities that are about to start showing up the reality is if I'm right about even a portion of things I'm


talking about you're probably going to want to be prepared benefit help with people you care about some of the ways to do that is to turn few hundred doll into a few thousand by maybe oh I don't know joining the Peter lead's newsletter time's up for the precious metals mining stocks to not be reacting to the reality of the environment they're in both silver and gold for different reasons are each underneath a supply constraint right now in China Gold is being vacuumed up four times a regular retail


buying the country itself the bank is buying more and more gold they're mining more and more gold all the gold is going out to the east to China to Iran to Russia to India and silver is about two to 400 million ounces per year under supplied every year there's a lot more silver being used up or demanded than being produced or dug up out of the ground by hundreds of millions of ounces every single year when all these realities get noticed and they start helping the fuel and Spike more competitive demand that's going to cause


precious metals prices to go up even higher because of the frenzy of demand but it won't be a spike won't be a jump dramatically higher it will be a slow measured manageable build or growth over time it'll be a very boring path on the way up to three or four times the value of the asset now this is good though this is what you want because as I always tell you the faster something Rises the faster it comes back down you want silver and gold and all precious metals to have a slow measurable


manageable build over time you just get a little bit wealthier a little bit wealthier each day it's not going to turn you into a millionaire overnight times up in terms of waiting for this commodity super cycle to start it has begun we're just in the very beginning of a massive commodity super cycle that's going to take at least 10 years probably about 15 years of just commodity prices growing over time the demands are finally being recognized but the downside of this of course is that


it's going to make products that you buy cost more it's going to stoke inflation but as the commodity super cycle continues on its path it gets even more noticeable in the media then people will think maybe I should be buying some of these companies that benefit from the rise in the price of gold maybe I should do what Peter Lee subscribers did years and years ago and they'd be right time's up for these bizarrely overvalued stock markets this is the buffet indicator basically the ratio of corporate


equities compared to the GDP it makes no sense for the GDP to ever be greater than the value of the corporate equities that made up that GDP the the current reading is 24.7% the danger zone is anything over 100% but it's up 20% from the previous quarter ideally that number on the buffet indicator will be zero the lower the better but when the stock market finally starts acting appropriately realistically reasonably more in line with historical precedence it could get set off by any one of a number of things


such as some of this deterior ating economic data we've been seeing lately or just a basic consumer breakdown so much of the corporations and the companies operating in America are based on consumers the consumers are really taxed right now and they could all just Revolt they could stop going out to eat dinner they could stop buying expensive things when they clam up the economy clams up they are the economy maybe it'll get set off by all this unrented office space those buildings need to


rent out the offices to pay the mortgages on the buildings themselves which are going to be owed to the other counterparty the bank that owns the mortgage that's why everyone saying there's going to be a big banking crisis there's a lot of Office Buildings which are going to be possibly defaulting going Bank erupt having to sell assets shut down maybe the stock market comes down when it gets set off by just a general Minsky moment or even what is coming is the recession when the recession gets here is that


going to set off a dow draft in the stock market and of course there's always War military conflicts which are on the rise right now anything could cause the stock market to stop acting irrationally a lot of the setups right now are exactly the same as they were in 1929 right before the big stock market crash which is the purpose of the video I showed you about whether or not it's coming back all the similarities between that time and this time similarities like hubris among the investors just


opposition against any negative voices or any dissenting voices or Market leadership among a very small group of stocks rather than the overall broader market like I don't know the Magnificent 7 that comes to mind it's important to remember about that the crash in 1929 it had begun and had been going on for several months before anyone realized that they were in a big stock market crash so that sink in for a minute and don't act like we're so different than people then we just have color TV not a


lot of time left before the US dollar starts declining keep in mind that and I know that the four most dangerous words in the stock market are this time is different but here is why it is different we actually uncharted waters with the US dollar for the first time we are losing a little bit of the reserve currency status a little bit more each day very slowly a little bit more each day and for the first time ever a reasonable competitor to the reserve currency that being the new bricks currency which is backed by gold gold is


actual money dollars are currency now the same thing a currency backed by gold instantly is the preeminent currency in the world this is not a time when a lot of the countries that are going to be using the brics currency or some of the newest brics members Ethiopia Saudi Arabia notably because they can dictate what currency or what money oil is traded in Egypt and Argentina Iran and the United Arab Emirates are now becoming part of the brics Nations and then they're not going to stop there


they're going to bring more and more people more and more populations into the usage of the bricks currency and this is at a time when we are threatening Financial sanctions against China which of course drives them into the arms of Russia and Iran you guys feel or see how it's sort of like a Buffalo Stance happening now there's North Korea the battle lines are being drawn so with a weaker US dollar exports will bring in more money if you sell something that you make in American am to another country you get more


financial reward comparatively for it because the dollar is less expensive meaning their dollar or their currency is more expensive so exporters do well importers do very poorly because everything they're importing cost more whether it's coffee beans or pork bellies or a kids swimming pool and of course precious metals prices sore all commodity prices sore foreign Nations that own or owe us dollar denominated debt they'll be able to pay down those debts a lot more easily if the US dollar


gets weaker it's not as difficult to pay off those US Dollars comparatively and I forgot something on the last video it didn't make it out the final production this is a chart of the five countries which most of the US debt is owed to and I wanted to show you how you can see this is where it was previously and then now here's where it is and there's a lot less us treasuries being owned by our two Top financers China and Japan that decline right there is showing you the results of the relatively recent


shift among our top two creditors they're not buying more treasuries they're selling some of the treasuries they do have they're just loening the load and if they do that really quickly that's what I'm talking about when I say that China could weaponize it they could drive down prices of us bonds by just unloading all their treasuries spiking interest rates they can do all that kind of stuff they're not going to so stop talking about it what's happening is that China and Japan both are having


their own domestic issues economically fin Al China especially they're having a massive real estate breakdown stock markets doing poorly their currency is doing poorly their interest rates are too low Japan is in the same boat also with the interest rates I mean their economies are just in a whole heap of trouble right now they're not thinking about taking on more debt in us treasuries I also always tell you that it's about the speed of the reduction not the Final Destination if something


is decreasing in value that's bad but if it's going steeply decreasing in value that's very different than if it's gradually getting there now that you don't need to trade oil in US Dollars anymore there's a lot less need for Nations to hold a lot of US Dollars and there's political tensions escalating in some of these countries and plenty of domestic problems too there will just be less demand for the US dollars from our top two financers and many other countries as well for a long time now


super cycle 15 years when the recession does get here people will need to raise money there will be margin calls they'll have to find ways to pay for their bills some other people will think about selling cryptocurrencies even if they believe heavily in cryptocurrencies and expect them to go up in price a lot they won't be immune from any kind of selloff on a wider basis a lot of money will move from risk on to riskof assets people will start losing their jobs but let me just say that anybody anyone who


gets blindsided or surprised by this is going to get what they're going to get you guys have known about all of this coming up for years you've known it's coming you've seen it you've watched it build up and I already told you too what's going to happen next and it's just going to be ugly but anyone who doesn't recognize what's going on just isn't looking or they don't understand what they're looking at or how to look at what they have to see but it's


clearly clearly clearly obvious to me how everything's playing out for example the buffet indicator would need to do something that is never done ever in the history of time to be that high in the nut result in a massive aggressive stock market draw down a sudden violent recalibration to appropriate levels I've been looking for a good chart like this for a while so you guys are going to get the benefit of my quest here's a chart for visual capitalist of home prices compared to personal incomes and the current ratio


is 5.8 that means that you would have to work for almost 6 years never spend a penny on anything just put it towards a house and then if you pull that off you can actually afford a house this is an unsustainable Trend it's a nonsensical Trend it's illogical home prices cannot stay this high in this current economic environment so does it correct tomorrow does it correct 5 years from now you can't know when you can just know the trajectory it's a lot easier just so when I tell you about stocks you don't


need to understand how to invest well in stocks invest well in compan compes if you understand a company it's easy to pick the right kinds of stocks same thing if you understand the economy you can understand that there's not enough money for people to be buying houses at this price they're not getting paid enough eventually that unsustainable Trend and it's about the speed the angle the slope of the trend not the destination is too fast too quickly therefore it's going to start coming


down it's going to take a little bit of pressure off the prices of a lot of these homes and time is up for the rest of the world World ignoring the warnings that you hear about from me that you know about they're finally catching up to where you are that you've been for a while but do you remember what it was like when you first heard about the situation that we're in it wasn't good A lot of these people are getting blindsided and they're just finding out this negative information now you have a


benefit because you've been listening this whole time and watching it build a lot of people are just going to find out about it and in all of this chaos there's going to be a lot of opportunities just like when I talked about serious satellite radio that's a massive opportunity in my opinion besides my deep internal Obsession and need for everybody to like me I'm working on it but besides that a lot of what I do is for you guys and I know it helps you because I hear it helps you


you tell me how it helps you guys have been sending in some of the most incredible messages and emails recently I stopped putting testimonials on the website years and years ago you can check them out on Peter leads.com if you want to read them but it's great to get new comments like this as well and we've been doing exactly this since 1996 so we're almost up to the end of our third decade I've got about three more decades left in me and then I'm going to hang up my cleats it's going to be a major


change for the Peter leads.com newsletter not for the newsletter as much as for the Peter leads Army I don't like the moniker of army so I'm changing it it's going to be the Peter leads Insider become a Peter leads Insider that's how you show your support and you get direct contact with me by email ask me anything you want when ever you want plus you get the exclusive newsletter that I talk about things every month that's not to be confused with the Peter leads.com newsletter we


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