modern economists and the best financial analysts strongly and uncategorically disagree with what you would being told over and over again on one hand you're being indoctrinated and misled about the strength of the American economy and they can only say that by ignoring the elephant in their room I believe that if you and I take a look underneath the hood of the economy you're going to see the elephant in the room and you're going to know the reality the situation that you're in and


therefore be able to make the right decisions for you and for the people you care about now just before we get to all these opportunities that are going to appear as this economic breakdown is playing out and just before we expose to you the elephant in the room I would like to take a minute to introduce myself to you I know a lot of you are firsttime viewers right now my name is Peter Leeds and we help you understand the opportunities as we go through this massive once in a lifetime economic transition that is not to be


too pretty but it's going to have a lot of winners and a lot of losers you want to be on the right side of this I can help you do that with the elephant in the room is the debt where you can take on a trillion dollars and pay off a whole bunch of stuff and all a sudden it looks good but you still have a trillion dollars more debt the debt levels of Corporations of states of the federal government continue to not only rise but they're Rising faster than they ever have this is a problem and I'll you in


just a minute some of the things you can do about it because there are great opportunities because of how ridiculous the situation is and is becoming just because everybody else is wrong or doesn't know what they're looking at or is ignoring it it doesn't mean that you have to and let's talk about why they tell you the econom is so strong they cherry-pick things they can say well the economy is strong because we have low unemployment and the stock market's doing well so the thing about the stock market


and the unemployment rate the thing that's the same about them both is that they're both impermanent they don't continue endlessly the unemployment rate will go to double digits but it won't do that until we're officially in a recession which is on the doorstep right now I'll talk a bit about that in just a second and the stock market is absolutely overvalued by any metric you look at it historically whatever you want to say the cape ratio the Warren Buffett ratio the Q ratio everything is screaming it's


not just a bubble bubbles can get bigger and bigger and bigger and Way Beyond anything you could imagine but I feel like we're kind of at the top of that bubble and all bubbles do burst and when this bubble bursts that will change everything everything everything for everyone even if you don't even have any Investments and all of this is why gold prices just hit another record high when you have $20 in your wallet that's not money that's currentc and currency is unlimited and so they can just print


more of it so what is the value of that but true money is gold gold is money the price of gold never changes it's just gold as gold as gold and the number of currency units it takes to pay for that gold changes because the American dollar now needs more dollars to buy the same thing which applies to things like cotton and coffee too but especially gold that's what just hit another record high after hitting another record high just a few days before that if you want some great opportunities you definitely


want to see that mustat video I just put out the Gold Rush 2.0 that'll explain what to do and how to take advantage of this massive spike in gold prices because of the deterioration of the US dollar now you and I both know that you've been hearing tons of talk about how strong the economy is whether that's from a Federal Reserve representative or a politician or some talking head on the media they'll always tell you the econom is strong because they have serious vested interests they need you to think the


econom is strong whether or not it is we've had a strong economy a few times sort of strong talking about Reagan talking about Clinton we had some good points at those times where the economy is healthier than General but since the 1930s we're talking about the Hoovervilles the Great Depression since that points the economy is growing but it's not strong because it's all fueled by the elephant in the room that nobody's talking about for some reason I talked about it decades ago I wrote an


article got picked up by congress's Blog the point of no return for America it's just that we have so much de there's no way to get out from underneath it now the numbers are so huge that it's almost ridiculous to even worry about it and maybe that's what everyone else is doing no one else seems to be worried about this debt that I've been talking about for decades literally decades the only way they can say the economy is strong is if you put aside a whole part of it by ignoring the elephant in the room


which is the debt load we just take it on debt to pay for things we already consumed things now we owe it that's what all these budget cealing fights are about we've already spent the money now it's a question of whether or not we're going to pay it you ever notice the government's been shutting down a little bit more commonly over time time from a government shutdown to the next government shut down that window of time keeps getting shorter and shorter is no one noticing this does it matter


apparently it doesn't matter I'm sorry maybe I'm just a crazy dude it matters to me I think that you have to pay your debts there's a counterparty that's going to get the short end of the stick or the raw end of the deal and most American debt is owed to who American citizens so if you don't pay your debts you're stiffing American citizens so it's no good way out of this and so many you guys have said to me well we can just print as much money as we need and I'm like yes you think that's the


solution I'm saying yes but that's the problem if we well we have been doing that and if we do that for real and just wipe out our debt by creating new money what's the value of the dollar if you double or triple the number of US dollars in existence you've cut the value of each of those dollars by half or two3 so maybe I'm overreacting maybe this does not matter to anyone except for me maybe I'm just saying that the ways out of this maybe default maybe which means just don't pay what you owe hard default


you just don't pay it soft default you pay part of it or we just inflate the currency Supply which is what they are doing and what they're going to do and what they've continually done and they've always done and every time the government runs out of money they act like oh what we going to do they try and have this big debate to no end no solution to the problem regardless of how they act they think well we solved the problem we avoided a whatever but they never at Point address the


underlying problem the houses on fire and they're rearranging the furniture if you do Venezuela did or Germany back in that day youone that hyperinflation it makes it a lot easier to pay down your debts but that also takes away not only the purchasing power of all the people who own any kind of currency in that currency but also it wipes out your quality of life completely Venezuela's stock market was the best performing stock market in the world price of gold there was a ridiculous number that you can't even


bother even thinking about because it's so stupid and it's just that at that point where they never talk about besides the fact the entire economy got kind of wiped out while the stock market was doing well what they're not talking about is the other elf in the room where you just lost all quality of life you couldn't buy medicine you couldn't buy food it was just a ridiculous Mad Max scenario because the politicians that are deciding how much they're going to print new money they just took the way out


which is what the American politicians have done are doing and will do they have never once in the history of mankind ever done anything other than eventually say okay let's create new money problem solved boom is there an end to the road do you ever get to the edge of the cliff does this ever matter and unfortunately it matters and unfortunately we're all about to realize that even though no one seems to think it matters because it's never up to this point been any kind of big issue and a


lot of you can say well let's look at Japan they have a higher debt to GDP ratio per capita what happens is we have irresponsibly over printed money to pay for everything without ever coming up with a way to cover our own costs we're living off our credit cards that's the best way to put it you'll understand that if your neighbor takes out a million dollar loan from the bank and fixes up his house and gets a fancy car and a fancy watch and you see him he's not doing better he's


just got more more stuff that he spent and his debt is just greater and the thing is he can't just keep on taking on more debt forever so he's in a worst place by having that fancy watch and that fancy C A lot of it has to do with what you point at if you say the stock market's doing well and the unemployment rates really low then that's a strong economy and sure in those regards it is a strong economy but that's also ignoring a lot of things like the balance of trade the ongoing operating loss the deficits the


debt loads and a lot of it too has to do with where things are right now the unemployment rate is low right now the stock market's really high but is this forever or do things change it's about when you look in what you look at so you can make a case for a strong economy in any time even when the econom is not strong but the beauty of all of this and the reason that you and I are having this conversation right now is that when you take off your rosecolor glass or you get out from beneath the


indoctrination of everyone telling you and forcing it upon you that the economy is so strong when you realize the reality of things there's so many huge opportunities that are all around you right now that you never noticed until now and the vast majority of people are not seeing it because they're all believing what they're being fed they're being indoctrinated they're being told the econom is so strong and so they think it's true the vast majority vast majority of people are going to be


completely blindsided as we go from one way in the economy to the pivot that I talked about in a recent video to the other way that we're about to go I would personally appreciate it if you click like on the video that helps us spread the message to a lot more people that are going to need to hear it because the vast majority are about to get blindsided and you know some of these people and it's not going to be good and I'll tell you right now the best opportunities are the ones that are


going to be emerging not in spite of the economic transition this economic breakdown but because of it and maybe we just transition into some new kind of form of money that's digital that still doesn't address the problem even though people don't understand they think that it does we'll still have the debt or we'll still have counterparties who are feeling the pain because they're not paying them a digital currency transition to new system is not a solution at all the problems are still


there the house is still on fire or maybe we do a combination of all these things default new currency inflated away I'm sure it'll be a mess whatever happens but you can still do what's best for you this is going to happen either way and you can't control it or stop it from happening but you can control how you react to it the decisions you make to help yourself the people you care about the one thing that I do know is that 11 nuclear powered aircraft carriers and 5,44 nuclear weapons says


that we're going to do whatever we want and if we don't want to pay back Japan or China we're not going to but that in itself also has all sorts of other ramifications that come from that that follow on a follow on effect that's going to make you be in a worst case because you're not known as a country that's paying back The Debs that you owe if you default one time that's going to change the entire way that the world treats the American currency so you know what don't even worry about the debt


like literally no one seems to even being keeping an eye on this but I'm glad you're here and you're understanding because how many people are not worried about it and say it does become a problem everything changes and all of a sudden there's a lot of commotion and Chaos if you knew ahead of time to prepare for that you'll come out on the other side in a much better place than the vast vast majority of people but perhaps we're in a recession right now already maybe we're going to get


into one soon it doesn't matter the point is the economy is like a lung I always tell you that if you subscribe to this channel you've heard me say it many times the economies are long it breathes in and it breathes out sometimes you breathe in longer usually you breathe in longer and you breathe out not as long the economy will be in a recession or it's in a recession now and it doesn't matter when it starts you just know that the economy is going one way and then it goes the other way and as it regresses


there's a lot of things that are different such as unemployment such as the stock market but are these tariffs going to encourage your recession sooner of course yes and there's recessions all over the world Ireland Germany Italy Canada in Australia hey if you're in Australia give me an idea about what's going on on the ground there actually everybody wherever you are tell me in the comments below which locality you're in what city what state what nation how is the economy there I'd love to hear


your comments and I like to see everybody else's comments too to get an idea what's going on all around the world especially Australia I'm having hard time getting a real grip on what's going on there because I'm getting a lot of mixed messages but the point is if the yield curve inverts which it did and then it unts which it did that usually signals the start of a recession and if you're subscriber to this channel you would know that a recession starts when they start lowering interest rates which


is what's happened already and now we're about to roll into this recession does it start today did it already start is it starting 3 months from now it doesn't matter that's what I'm trying to explain to you it doesn't matter you just know that this economy is not growing it's shrinking if you've been around with me for a while then you know I've told you many times you can tell a stock market top or bottom when the volatility increases there's a lot of trend


reversal indicators but when you see huge swings in price there's numbers where I'll wake up and the markets will be down 600 points and it gets shugged off people just wait for it to go back up whereas in the 90s and the 2000s if you saw that kind of move people would be jumping out of Windows the volatility increased so much that it's indicating that we're very close to the top of things this is as good as it's going to get for a little while as well if you're a subscriber to this


channel you know that I always tell you that anything artificial is temporary so if the plch Protection Team comes along and says okay we'll buy up a bunch of American bonds or we'll do this or that to try and stem the fall on the markets that's a temporary inuence because it's artificial any decision someone makes such as I'm going to lower interest rates if it's forced and it's artificial it's not based on Market Discovery then it's a temporary thing and when


something gets put off because of an artificial action when it reverses back to where it's going to go back to that's usually a much worse scenario because it was artificially manipulated in the first place and you know what you can look at things like consumer confidence inflation inflation expectations the balance of trade the ongoing operating deficit the debt loads the speed of the increases in the debt loads job openings the employment report not only how many jobs are created but what types of jobs


those are and look guys I've been talking about all stuff in all of my former videos it's actually really getting taxing to have to talk about how bad things are going but I'm just telling you what I'm seeing it's not a great message there's a lot of specific things you can look at if you know what you're doing it all tells the same story it's bottomless you can spend all day looking at the stuff and it's just waning it's getting worse and worse I'm telling you that the economy is not


strong and it's going to be a worse result because no one's recognizing it if everyone saw the problem we would deal with the problem but I guess that will solve everything with a$1 trillion doll coin made at a $22,000 worth of platinum from Janet Yellen you see how insane this is the Emperor has no close we're going to make a $222,000 coin atop platinum and we'll say it's worth a trillion dollars and that's what we're going to use to therefore not have as much debt wow put in my letter to Peter leads


insiders and if you want to become an Insider yourself couple of bucks Peter leads.com insiders here's exactly what I said the tariffs the counter tariffs and I guess I would add to that now the UN tariffs the reversals on the tariffs the significantly overvalued stock markets Global interactions with the new American Administration the ramping up not down like so many believe but the ramping up of the wars in the Ukraine and the Middle East the emergence of near peer military Nations like China


and Russia and you might say Russia's not a near Pier they have more nuclear weapons than any other country in the world so I'm thinking no matter what they don't have as much aircraft carriers they don't have as much tank s and troops whatever I think when you have enough nuclear weapons and everybody's kind of on the equal level that's the way I look at it but the point is you don't want to find out let's move on and also the land grab free-for-alls which among other events


will bring turkey into the global conflict turkey has the eighth largest standing army in the world the second largest army in NATO and erdogan very much would love to move into Syria now that Al Assad's gone and be in control of Syria and he's not a friend to Israel either so this is going to get absolutely insane but I want I was just talking about how much uncertainty there is in the world right now nothing is worse for the stock market than uncertainty and right now nobody nobody knows what's going to be happening this


is the most unique and strange time in the world that I've ever seen I'm sure for most of us but there's sometimes a silver lining and a dark cloud opport unities what are the opportunities for you you've heard that when there's blood in the streets that's when you want to take some action I always tell you in my up thinkinking book I said the best time to buy anything is always at a capitulation Point nothing is cheaper than at a capitulation point when people are throwing out the baby with the bath


water there was Warren Buffett who said when everybody else is afraid be greedy when everybody else is greedy be afraid right now everybody's greedy everybody's greedy because they don't know what it's like for the the market to go the way that always always always has to go eventually it's been going up it's got to come back when it does that there's going to be a big shift from risk on to risk off which means a lot of money flows into gold a lot of money will come out of the Magnificent


7 one of these highflying stocks which I've been suggesting you avoid for a while now the biggest opportunities always come out of chaos this is chaos right now and it could get a lot worse either way you want to be positioned right and the way I'm doing it for years now I've been focused on gold I started buying gold at $1600 an ounce what matters is what you do right now in this environment that you're clearly being explained what's going on you need to start making some good decisions right


now to get over inflation and to beat inflation and to beat all of these tariffs and to beat all this economic weakness and all these debts that are piling up so many people are not paying their credit cards even they're paying the minimum or less on the credit card one of the things you can do is get invested in real money things to do with gold not only physical gold and silver precious metals but also the Peter leads approved gold mining stocks that I talk about most gold miners go out have


business but not the ones that I'm talking about these are good high quality companies that you're really going to benefit from being involved with and you can learn all about them through the newsletter seeing my own personal portfolio seeing the stocks that are per leads approved or you watch your last video the gold rush I talk about a lot of the opportunities and gold in that video there's also tons of tremendous opportunities and Technology space which I also talked about 12 of


these companies that I like in the new modern technology where we're talking about Quantum Computing artificial intelligence Advanced robotics Sly breakthroughs and Healthcare security there's tons of opportunities going on right now small companies just getting started also suggested getting out of a lot of the ones that everybody else has invested in a lot of these Magnificent Seven stocks I wouldn't go near them and every other glue chip stock except for a lot of these precious metals Miners and


select technology companies and there's a few others too a few other good opportunities right now that will weather the storm a lot of companies do well before a recession during a recession some because of a recession companies that help other companies save money are always a great investment especially at the hard times I've also long told you to consider that this might be a really difficult economic time coming up and so then yeah get a side hustle rent the room in your basement save money get rid of some


assets you got a nice pair of golf clubs in the garage sell them overall the most important thing of everything is awareness and now that you're here if you're still watching this video with me at this point I bet that you're starting to get aware of what's really happening here the elephant in the room is being exposed to you and awareness is always step one and at the same time when you realize that nobody else has the same awareness there's your opportunity they're not seeing it there's all these


opportunities for you that you can take advantage of now before anybody else even knows that there are opportunities and what you might also want to do is have me on call to you 247 by becoming a Peter leads Insider Peter leads.com insiders ask me anything you want anytime you want you got a portfolio of stocks you want an opinion on them just ask me and at the same time you get a special letter first and third week of every month plus you keep us ad free sponsorship free and you'll get tons


more videos just like this one we got a couple of good ones in the works right now that are going to knock your socks off [Music]