a lot has been happening on the markets as you know that's an understatement in this video we're going to talk about all of it what happened on the markets what's going to happen now and then the big thing that happens and we're going to talk about gold we're going to talk about unemployment we'll talk about the stocks that took the biggest hits and what to expect we get into all of it right now and I have to give you a warning that at the very end of this video I have a very disturbing video


it's a digital statement basically we'll get to it but I'll warn you before it comes on I'll tell you get the kids out of the room but that's at the end of the video not to get you to watch the whole video it's at the end of the video so that some people don't have to see it and we're already seeing a rebound in the markets today people are getting spooked because of the degree or the magnitude of the Fall scared a lot of people I always tell you that's what I'm


talking about with the speed of the decline or increase is more important than the destination the angle of the trend and it came down so much so quickly if it had done that over 3 months nobody would have been scared it did it over a day but everything came down and as you and I have talked about before everything comes down when people are panicking and that includes gold mining stocks silver mining stocks even precious metals prices and that was to be expected and you're seeing a resiliency or a strength of gold falling


slower and slower but I always tell you don't worry about gold and even the other day it dropped what $40 an ounce which sounds so shocking even more than that I think but it doesn't matter you don't worry about gold itself the commodity will always be fine and the companies that mine for that commodity always base their stock price on the earnings that they derive from the product they dig out of the ground and sell and as it gets more expensive people are more likely to pay more for


the shares of those companies even as all other stocks go down low gold prices will recover rebound and they'll continue to climb counter Trend to where the overall Market is going when we have the big crash but first the markets as I said today Dow Jones loss I saw was up 350 points about a percent just under and you'll see a bit of a recovery a bit of a rebound for perhaps a couple of weeks my opinion is that then that will be the period of getting out if you haven't yet getting out of


the high flying stocks I keep telling you guys to get out of the Magnificent 7 you don't want to own those not in your 401k even or your mutual funds you might not realize you own them there's so much downside to come as is prophecied by the Q ratio I always refer to the buffet indicator by any kind of metric the historical price earnings ratios the overall economy is a little bit spooked right now people are suffering they're having a hard time paying their bills inflation is coming down but interest rates have


yet to come down and as I've told you before I'll show you a chart here to prove out what I'm saying as interest rates come down that is often when the recession begins give or take a month or two the recession starts maybe then they lower interest rates or they lower rates and the recession starts and you're hearing all about this intermitting interest rate emergency rate cut maybe it happens maybe it doesn't if it happens then that's when it's going to be more likely the


recession will start earlier so careful what you wish for everybody's baking into the pie and that's the risk here that's why the Market's starting to recover because people are believing and baking in that there's going to be a rate cut and even their expecting an emergency rate cut and so all of a sudden the stocks are starting to go back up again but this is what I would describe the next couple of weeks as this happens this is the window of time the last exit the last stop on this


train you need to get out of the way this train wreck right now and there's a gift in the stock market right now whether you want to get involved with the gold or silver mining companies or the Commodities both of which are a gift and look at oil oil prices are dropping significantly as we talked about in the oil Spike and fade video oil prices will be subject to spikes based on macroeconomic events like war and overall they're going to be continually pulled lower as the economy slows down


worldwide and oh my goodness everyone's realizing now that wait there is going to be a recession and oh wait the stock market may be a little bit frothy anybody watching these videos you and I see things in a very different way and we avoided a lot of the downside in the big downdraft in the market over yesterday and the last week because you're not heavily invested in these highly speculative of overvalued Mega companies the Magnificent 7 you don't want to own those just because they're


going up this is how the 1929 stock market crash began low breadth of stocks were responsible for all the gains the small group of stocks out performed so much and it pulled up the entire stock market that's what a lot of these stocks are doing magnificent 7even stocks are pulling the whole stock market up for so long now and now people are realizing wait a minute are these stocks worth this is a downside risk here and all of a sudden they realize there is and now the recovery is just the second to last


act stocks will start recovering a bit tomorrow next day throughout the week through the next couple of weeks then that's in my opinion and I can't give you personal investment advice that's when you're definitely definitely going to want to get out of this stuff and if you haven't listened to me before of all the times that have been explaining that all of this is going to happen if you haven't listened yet why would you listen now I'm talking right now to new subscribers so maybe they're


here for the first time they need to know you now what I've always talked about with you and it's playing out it's going to play out now and it definitely already is north of the Border you're going to see real estate starting to be under pressure there's more inventory now there's more desperation there's lower rates there will be a lot more activity in the markets and as the stock market goes down takes away some wealth effect it's more likely that then also real estate prices will come down with


it at first when everybody's not sure what's going on you see a lot of red on the screen prices of everything comes down there's margin calls there's people panicking selling this and that then what happens is that things that are highly undervalued in demand still things like gold being bought up still prices drop the central banks all over the world mostly in Asia buy even more the price is a discount and now there's a lot of talk about quantitative easing coming up and what that means is


that there will be a deterioration of the purchasing power of the US dollar if there's only $100 usar each dollar is worth a tremendous amount if there's 29 quadrillion each dollar is worth such a smaller amount which is why the US Dollars lost about 98% of his purchasing power and people were talking about why did this happen they trying to explain why this has happened a market that is clearly frothy and overvalued and driven up by a small select group of course this could happen without everything


they're talking about but they need to find a reason weak earnings coming out because we are in a recessionary environment I'm not saying we're in a recession right now but it doesn't matter people always have to point out to the exact thing like well now technically we are in a recession that is technically a correction don't think of it like that just think about the economies here and it's going lower and at some point it's going to be declining it's going to be shrinking but it's just


a trajectory where it gets a little bit worse a little bit worse a little bit worse until it turns around and then everything gets better and a little bit better and a little bit better think of it that way don't worry about the official definition of yes we're in a recession because of powers that be decide that well that's what a recession is this and that but it doesn't matter it's just a shrinking or a waning of the economy and they also point to the carry trade unwinding basically everyone's


doing a bad job explaining it just think of it like this you want to borrow US dollars so you borrow that money in Japanese Yen because they have lower rates you take that money convert it into US dollars to buy what you're going to buy and then you don't have to pay money on the debt that you borrowed because you borrow at such a lower rate and why it's unwinding is that the other day the bank of Japan surprised everybody and raised rates makes the Japanese Yen stronger and that's the


reason the US dollar fell very strongly that day it was in relation to the the Yen and if you remember for so long you guys were Gass lit and lied to about how strong the economy was and now everyone's realizing that what we've been talking about what you already knew for so long is playing out and I surprise everybody because I told you they're all looking this way and it's going to hit you from that way because it was the President Biden specifically who continually talked and a lot of


other Talking Heads about how strong the economy was and they point to the low unemployment rate in the strong stock market and what we talked about then and this is why you should subscribe to the channel if you haven't already just take a minute right now and click on the Subscribe it'll help us it'll be great for you but what we said when we were talking about is that high stock market low on employment and they say that's why the economy is strong both of which can change in a minute and guess what as


I've been showing you and showing you the unemployment rate is climbing higher and higher now and stocks are coming down a little bit nothing dramatic it felt dramatic because it happened really quickly but it's not even that significant in the grand scheme of things look at gold prices came down but look at a longer term chart of gold how is it doing and then you see the mining stocks going on discount bargain sale prices and the other day when the markets were coming down so harshly yesterday of all the stocks bleeding


that day what stock went higher in price Victoria Gold by about 9% or something they had a massive Landslide and it fell into their Cai pits and sine water got everywhere big massive accident and they Fallen strongly recently but I just thought it was so ironic and what we've talked about before about the Q ratio the stock market overvaluation is that the downside historically was about 85 or 90% is it going to be that bad who knows but the point is I'm just relating it to what has happened what


has happened before when the Q ratio gets to extreme levels above 1.0 as it has and then there's always a stock market crash within a number of years after that this is now the point where I believe it's going to begin after a few weeks of a little bit of recovery bounce but then we're going to get up to the point when the Federal Reserve does lower interest rates and that's in August 17th and 18th is their meeting they're L expected to cut rates by at least half a percentage point that day


but this is going to be a massive buy the rumor sell the fact event in my opinion I believe as soon as the Federal Reserve lowers rates that's going to set off the recession it's going to set off a little bit of a panic but if you're listening to me you'll be Ahad of all the highflying stuff by then any kind of AI company a lot of these I won't even tell you every stock is doing not as good as you think with the Magnificent 7 the vast majority of the rest of the market is trading about where it was a


year ago meanwhile I was talking about the Buffett indicator his Buffet indicator just hit an all-time high what did he do he sold half of his steak and apple and that raises his cash position which is what you should be thinking about too cash position there's going to be so many Bargains and I'm not just talking about stocks I'm talking about your neighbor's house but his cash position now for Brookshire hathway 277 billion dollar it's a lot of cash but who's going to win in this very moment


right now is the people who have the cool heads you don't panic don't see the stock market come to H hard and then say okay I'm not going to invest in stocks anymore I'm going to sell stocks and you freak out you join the downdraft those people generally regret their decisions early on cool hands cool minds are going to Prevail In This Moment it'll make you feel better to see the stock market go up for a couple of weeks and then you can take your time relax and not worry about things because in that time


hopefully and I can't give you personal advice I would suggest in my opinion that you take that opportunity that gift to unload a lot of the stocks that you have that aren't going to survive what we're all going to be experiencing in a minute and you notice I haven't even talked about the war yet and we're going to get to that actually why wait let's get to it right now and I warned you earlier I'm going to warn you again I don't you know you you know what's going on with the vulnerable


innocent people in this war and I'm not taking aside I don't want to have a horse in this race and silence is violence sure but this is not my fight this is not my hill to die on I just feel so bad what I'm seeing about the people who are innocent and I don't agree and I don't I'll say this I'm not against Israel but I don't like Netanyahu at all I think that you don't need to see a Hamas fighter and then take out 33 children to get him meanwhile they took out a guy in one


room in a enemy country in Iran and Tyron the capital took come out the other day and they can take out one guy in his bodyguard in one room so specifically and then you go to Gaza and there just targeting journalists children are starving this is definitely clearly to anyone watching a punitive response to one of the most horrible horrific events that's ever happened and that's why even though I don't know if people will like this or hater or unsubscribe or whatever I just felt and I I thought maybe I


would see how it feels and maybe cut it out of the video and if you see it that it means I didn't cut it out but I just want to like do something with whatever voice I have and I just saw this thought of a split screen of Benjamin Netanyahu and what he's is doing at that very moment this is Benjamin at the White House a few days ago after everything a few days ago and this is what's going on at the same time and I'm so sorry get your kids out of the room maybe don't watch it it


was very disturbing Jesus Christ you