I feel like everyone's just pretending or collectively ignoring what is clearly obvious in front of our very eyes Global economies are under a lot of pressure the American economy foremost among them everyone thinks the American economy is so strong I'll show you how it's not and if they point to unemployment and stock market both those things can change in a minute so we got to talk about all these things we're going talk about politics real estate cryptocurrencies stocks a lot of stuff we're going to move fast so


keep up with us we're going to keep on going and I hope that everybody is enjoying this rate cut rally they realized that inflation came in lower so people thought oh we can lower interest rates sooner which you already knew and know everybody else is coming over on this side of the raft a lot of money is moving around because of the rate cut rally stock market goes higher a lot of things get a lot of positive momentum but the rate cut rally will fade away I'm going to show you that this economy has already fallen off a


cliff perhaps even in 2008 2009 the global financial crisis and they just doed it with a lot of money then we had a lot of stimulus money on top of that and we've lived off debt and so here we are with this strong economy in part one we're going to talk about some brutal facts these are all just reality that you can check and verify for yourself if you want to then part two I'm going to give you my opinions of what's to come for precious metals inflation stocks cryptocurrencies real estate and much


more and then part three I'll tell you some action steps you can take what you should be doing about all this there is no should but what you might want to consider doing about all of this what happens now is that Jerome Powell lowers interest rates in the next couple of months pretty soon and when he does that that's when we enter the recession when the recession starts that's when unemployment goes higher that's when a lot of businesses will be under strain more bankruptcies than we're already


seeing more delinquencies and you're going to start seeing the Stock Market trading appropriately I've always said for a while now that I do not trust this Market at all it is managed that is controlled and is nothing like the stock market of our grandfathers and since we're falling into the recession from a very high and very delusional height that means there's a lot further to fall meaning that this might not just be a recession but it could potentially be a depression perhaps even rivaling the


Great Depression and if you think stock market's going to keep on going that means that you believe that these indicators which has never been wrong that are calling for big stock market crashes like the Buffett indicator or the Q ratio calling for significant stock market declines you're saying that those are incorrect for the first time ever if you believe that then maybe this video isn't for you who this video is for is for the people who understand that it's good to look at reality even


if it's ugly and that's what we're going to do in this video you help yourself and people just like us when you click the like button there are sirens in the Golan there's being Aid warning sirens in the Goan Heights repeatedly Hezbollah recently said that they just fired more missiles at Israel in a single day than ever so things are escalating meanwhile in Yemen the houthi rebels are conducting a massive military operation which they're calling the devastating flood maneuver meanwhile there are


Fighters coming in from Afghanistan Iraq Syria and they're going to Southern Lebanon to be ready for what will be the Great War of our time and you guys know all about debt loads here's a chart of how much debt the federal government has taken on and look at the recent jump this is absolutely Preposterous there's your economic strength look how good we're doing and when you add higher interest rates onto this debt load here's the interest payments that the American government


has to pay simply because we have so much debt and interest rates are so high that's one of the main drivers of why interest rates will likely Fall because we can't afford to pay the carrying costs on the federal debt at these rates here's a chart of Municipal debts oh look at that they higher look at corporate debts here's a chart of personal debts don't you guys see that this is all just one chart laid out again and again and again just more more too much too extreme I'm talking about the


federal government there's deficits all over the place the balance of trade the operating deficit we're sending more money to other countries overseas to buy their things their buying less from us we're not producing a lot and then when we rack up bills to run the government we're only paying for half of that cost or those expenses with taxpayer Revenue Taxation brings in 50% of the money that we spent what happens to the other half that's the deficit that's the overreach


that's where we need to borrow money from other countries or from American citizens they can buy bonds and that money can go to cover off the overspending that we're doing just to give you a picture of this economic health here's a chart of bankruptcies and as you know unemployment is strong but it's starting to rise it's at 4% 4.1% and as this recession rolls in this unemployment rate will potentially Spike pretty quickly but luckily in terms of inflation we've won the battle we've got


inflation down people aren't as worried about inflation anymore they're expecting rates to start coming down we've won the battle but we have not won the war inflation will make a comeback because there's going to be a tremendous amount of monetary creation this is what governments do this is the only option they have the Peter lead's newsletter is one of the most popular financial publications of all time they're going to default one way or another this is the most politically expedient path


where you just create a bunch of money and you default through inflation the value of a dollar just keeps on declining it's at about what 1% of what it used to be luckily there's a lot of deflationary forces right now first and foremost among them is artificial intelligence I call that not just deflationary but hyper deflationary there is jobs being wiped out by AI right now there's tools that are helping people be more efficient you can accomplish more with less employees and so what's happening


is that we're more efficient things are easier and there's a lot less people working here's the jobs that have been wiped out by artificial intelligence or could potentially be whose jobs are these the consumer the consumer's jobs our jobs your job so talking about consumer here's their credit card debt levels the highest it's ever been the delinquencies are on the rise where you're talking about autol loan delinquencies repossessions or mortgage delinquencies also at an all-time low


are households that are not feeling that they're keeping up with inflation it's never been worse and why don't I trust the stock market at all one of the reasons among many is the market breadth 10 stocks account for 87% of all stock market gains these stocks include Apple Microsoft alphabet Amazon Nvidia of course meta platforms Tesla Taiwan semiconductor sap and asml holding take out those stocks that's 87% of all the gains of the worldwide stock markets just like right before the


big stock market crash of 1929 when the breadth gets less and less when more money going into the market all goes into Nvidia but not everywhere else that's a warning sign that's an unhealthy Market Nvidia is absolutely priced for Perfection you have to be incredibly cautious with these stocks at these levels in my opinion a tree can't grow to the sky now here's a chart of historical price earnings ratios and you can see this is overvalued territory risky territory when you combine this with the


Q ratio the buffet indicator all warning signs are screaming that you're ridiculous to not at least have your eye on potential downside right now the S&P retail ETF which has a ticker symbol xrt has a ratio of over four people selling that ETF short compared to how many people are buying it four to one when you put that in with all the other indicators we're looking at this builds a story of a lack of Health the stock market and this economy and what people need to realize and remember is that the


stock market is not the economy just ask the people of Venezuela they had the best performing stock market in the world they had hyperinflation the price of gold went up so much that it's not even worth talking about the levels you would scrape off a little tiny bit of gold and say here give me your head they say yes sir the economy is in ruins the quality of life is in ruins in Venezuela we're going to have the benefit of the stock market going through the the roof as you can't find medicine or food on


the shelves and another reason why people believe the economy is doing so well is because the dollar is being trading really strongly here's a chart of the Dixie the US dollar value in comparison to a bunch of other Fiat currencies that are not backed by anything and of course it's a matter of time very soon we're going to be going to the central bank digital currency the cbdc is the absolute end of any Financial autonomy you will ever have again in they know what you buy they know when you buy it they can control


what you buy and when you buy it they can control how fast you spend your money they can decide or dictate to you what the interest rates are they can do bail-ins to stick some of your money like we saw in Cypress recently meanwhile the purchasing power of the dollar itself has just melted down to a sliver of what it used to be and it continues to do this at the same rate actually at a faster rate because of all the monetary creation if there's 10 things are more valuable than if there's


a thousand of them there are quadrillions of dollars now something like that just a meaningless ridiculous unfathomable level that's how many dollars there are out and now here's a chart of Japan and China two of our biggest creditors after American citizens how they had this much in us treasuries and now they only have this much that's because they're not buying more and at the same time they're selling treasuries when they do that that puts more pressure pressure on treasurers thes making bonds be less


valuable because there's more bonds out there and then the interest rates have to increase to make the bonds attractive enough that's why I always tell you there's two types of interest rate increases the Federal Reserve can say we're going to lower rates or we're going to increase rates and decide it but then there's also organic interest rate increases and decreases when Japan and China get rid of or stop buying a lot of us bonds the bonds themselves will have the interest rates increased


because they're less valuable and as I've showed you the time in the Sun for us with the reserve currency is limited you don't just go forever a tree can't grow to the sky we're closer to the end of the time when the American dollar is the reserve currency of the world those days are going to change soon probably going to be replaced by the bricks new gold backed currency speaking of the bricks there's a lot of countries now put a chart on the screen to show you original members the newest Members Plus


perspective Ive members you take it over the world they already have over 40% of the global population and they get to decide what currency they use to buy and sell things they're not choosing the US dollar and so there's a lot of countries all over the world that have a lot of US dollars that use this to pay back American debts for example and they don't need as many US Dollars anymore especially because the petrol dollar is no longer a thing so to speak any country can buy and sell oil in Hanan in


Rubles whatever they want to do that's different than a decade ago and as we lose Petro dollar status there's less dollars being used for oil purchases and sales that just puts more strain and more fade on the fact that we have the reserve currency having the Petro dollar really added a lot of power to our Reserve currency they are both going away the Petro dollar and the reserve currency always say that they're not siblings but they're cousins one feeds into the other and we're going to show


you proof that real estate is is in a bubble right now people are starting to agree with what I've been saying for quite a long time and I know I'm always early and I know being early is the same as being wrong but real estate is absolutely slated to be declining in America I called it in Canada and the prices came down a lot and you're going to see the same thing happen in the states although we're not as overvalued as the Canadian Market was but the American Market is still overvalued and


unaffordable it is Out Of Reach for the people that need to be buying the real estate meanwhile there's a lot more Supply coming on the market from new builds as I told you it would organically repair itself the inventory levels plus with interest rates starting to come down people will start moving around more putting their house on the market getting a new deal for their mortgage and as I promis I want to talk about politics I make a point of trying to avoid politics at all costs on this channel but this is something that needs


to be said you know that it was hidden from you that there was a clearly obvious mental decline among president Joe Biden that was not widely displayed things were hidden from you and the reason I'm talking about this is because I want to say to and you'll understand that they're also hiding from you the fact that the economy is very weak it's all the same thing they're just trying to control the Optics they need you to believe the economy is strong especially for the next 5 months let that sink in


and just before we get into some action steps you could take as promised I want to give you some of my opinions about things that are going to happen in the next New Years or sooner I believe you're going to be seeing double digit inflation I believe you're going to be seeing double digigit unemployment there will also be double digit declines in real estate cryptocurrencies stocks when I say double digit I don't just mean 10% at least 20% probably a lot more I do also expect to see Triple digit silver


you can extrapolate for that what I think is going to happen with gold Platinum Palladium there's going to be a further massive spike in federal debt loads as they create more money and just dump it onto all of us interest rates will also be declining as they're creating all this new money very stimulative but that is unfortunately as we'll Crest into the recession that I've been expecting for quite some time and they keep putting it off by creating money they're at the end of the road


they can't put it off anymore by creating money because nobody's buying anything you're going to see a decline in consumer confidence even further than it already has declined you're going to see a decrease in your quality of life overall quality of life and if this is too heavy to have to hear it's all bad news then I'm sorry I'm just telling you reality only some people have what it takes to actually look at reality and see what's really going on even if it's


really painful to look at or scary you're also going to see spikes in suicide rates domestic abuse Petty crimes like thefts so in general something that would make sense for you to prepare for here are some action steps you can take that maybe will help you get through this difficult time to come a lot better hopefully you listened to me a few months ago or even a few years ago and you're sitting pretty with a pretty good gain in your gold mining stocks silver mining companies so you're


going to keep on benefiting as more and more money comes over to the side of the raft what needs to happen is that we need to stop collectively ignoring this elephant in the room we need to look right at this reality and realize that it's a problem the first step of solving a problem is identifying it exists so please help me spread this word because no one is understanding what is about to happen you can do that by sharing this video and maybe you think this is a back door way of getting you to share the


video so I get more viewership if that's what you believe then don't watch this video this video is not for you this video is for people that understand the reality the downside that's to come and they want to help the people they care about to be ready for it at least to not be surprised by it not be blindsided by it as everybody's going to be things are about to fall off a cliff and nobody seems to be looking at the data the information that says that this is going to happen so I would suggest that you


have a lot of exposure to oil right now especially with what's going on with the war also gold of course I'm a huge gold believer silver as well you may want to be careful cash out from the highflying shares like Nvidia or the Magnificent 7 a lot of these stocks are overvalued pretty significantly and this is not personalized trading advice you do what you want to do I don't know anything I also would suggest that you pay super close attention to everything I talk about with you guys I'm telling


you specific things for a reason I need you guys to understand what is to come to prepare for what's to come and part of dealing with looking at reality is that I believe you should absolutely expect that this war is going to break out significantly further I'm talking about involving Iran which therefore would involve Syria which involves Russia perhaps even turkey they have a huge standing army and they're not really friendly to Israel this will be the war of our time it's going to be


horrible and I would expect that at least put a little sliver in your mind that this may actually break out exactly as it's about to break out the decisions you make will will be different the types of things you invest in will be different this is the single most significant thing that's happening right now is whatever happens with this war in the Middle East and even the war in Ukraine but mostly the war in the Middle East in terms of bringing in a lot of other countries fighters from


Afghanistan Iraq and Syria are all massing in southern Lebanon right now getting ready for the war of our time please do not ignore these topics they're really hard to look at it's hard to put your head around and you say what am I going to do about it if a war breaks out of course it sucks but you would make different decisions if it's going to happen anyway there's decisions you can make that will actually make it better for you you land on your feet a little bit more than you would have you


help people you care about but the fact that you're looking at this reality with me it puts you in a very slim minority the vast majority of people are going to get blindsided and when they do they will be massive flows of money from point A to point B you want to be sitting already invested in point B we're looking at the economic reality that is what the truth is and the truth always comes out people will eventually realize this and you want to be set up before they realize it that's your


opportunity the truth always comes out the Buddhists have a great saying that says three things cannot be hidden the Sun the moon and the truth for a couple bucks a month you're supporting the channel keeping us sponsorship free advertisement free independent and we produce more and more content the more support that we receive