the single most Monumental economics transition that any human being has ever seen and on the other side of this there's going to be a couple big Winners and a mass of endless people who are financially ruined I'm going to explain the economic pivot to you this is going to be one of the most significant financial events you'll ever see in your entire lifetime and the good and bad news depending how you play this is that it's just getting started I'll tell you what this is going to mean for you in


terms of your quality of life your Investments the moves you got to make how to protect yourself and your loved ones the ways to land on your feet as we go through this transition that I can show you is just showing signs of happening now and it's going to be absolutely Monumental and devastating for some people who aren't prepared I was writing an email to one of our Peter le.com subscribers two days ago by the name of Randy and I pulled out this one part because I summed up my entire in


philosophy about the economy in one sentence and so now I'm going to tell you exactly word for word what I said to him history literally needs to break for this economy not to deleverage and what do I mean by that we took on way too much debt the econom has expanded too much that's why when they raise interest rates it slows things down it hurts everybody cost more money and now we're going to have to have this massive deleveraging and you're seeing it play out now with autoone delinquencies bankruptcies but that's


just a manifestation of everything going to talk about in this video about the economic pivot because history says that will go the way that I'm explaining to you in this video how things are going to go every single time every single time and if it doesn't this will be an absolute snapping of History throwing it crumpling it up throwing in the garbage history says things will happen the same way again and again and again and if they don't this will be the first time so if that's what you're banking on


that's what you're investing how your philosophy is is that this time will be different I wish you luck with that but unfortunately we've breathed in like a long I tell you the econom is like a long you breathe in too much you do have to breathe out eventually a little bit even we are in for a massive wave of deleveraging which will be required to go back to economic health what's happening this economic pivot is everything since 2011 that's 15 years ago I picked that date because


that's where things started really getting aggressively from 2011 right after the global financial crisis by about a year and a half when things sort of settled down that's where we'll start looking so 15 years until now listen to what's happened over this time what we're pivoting from is everything we've seen since 2011 until now what we're pivoting to is the way things are about to play out and the showing signs that it's begun and if you don't pay attention to


this video and if you don't start taking action now based on some of the things I tell you then you're already starting to get behind the ball since since 2011 greed has overruled fear it's been trampling fear but now we're about to switch like a light switch from on to off we're going to replace all this greed and exuberance for fear and reality on one hand real estate in 2011 the average home price was $228,000 and what is it now 15 years later the average home price has increased to


$420,000 that's an increase of about 54% in 15 years but what about other assets like oh I don't know gold it's gone from $1,500 in 2011 just a year or two before we started talking about it and telling you guys about what's going on with China buying gold from Switzerland and using proxies to do it to hide their purchases and when I talked about how all the central banks are just hoarding hoarding and loading up on gold to get ready for their gold back currency the bricks Nation


this has been clearly happening and I've been clearly explaining it to you this entire time from a go is more than $11,000 per ounce less so it went from 1,500 2011 to $2,645 which is where it is today in other words even better than real estate's 54% increase Gold's gone up 57% over that time but what did even better than that and you got to give some respect here okay I got to admit some respect that this was one one of the most lucrative Investments of all time ever in the history of the world that the masses


were able to tap into Bitcoin in 2011 well first let's talk about where it is now bitcoin's over $100,000 give or take it's at 95,000 to 115,000 bouncing around there right now trying to find a new Range impressive where did it come from in 2011 what was the price at then 60 cents 60 cents that means that in 15 years Bitcoin specifically and I don't want to talk about all cryptocurrencies because I have a really negative view on altcoins for sure but Bitcoin will do well longterm


short term I think it'll give back for a while so was at 60 cents and now we'll say it's at 105,000 give or take that represents an increase in Bitcoin prices in 15 years of 175,000 per. well you might say Peter over this time all things have increased in price they printed more money money is less valuable so everything costs more and salaries have gone up yes they have but how much in 2011 the average household income was $ 65,536 so household income is up 23% which is less than the rise in stocks


Bitcoin precious metals even a lot of other Investments of all kinds household income is not keeping up even with inflation that's why I feel so tough to be able to afford things now because while you're making more money everything costs even more than that so you're actually losing ground for 15 years now a lot longer than that but I'm only going back 15 years for this video and when it comes to stocks you're getting into my wheelhouse and it's all about Market breadth when you're looking


for a market top or bottom you're looking for an increase in volatility more uncertainty among investors when you get to a price where investors aren't sure if it's worth paying that much and other vors are chasing fomo but then other investors are selling at that point you get a lot of volatility but it's actually trading sideways so you see the Dow Jones Industrial Average go up 1,000 points in a day down 1,000 points in a day and you think wow things are really getting crazy it's all about


Market breadth if every stock goes up 1% that's a really healthy economy if only a few stocks go up 20% and the rest don't that's not a healthy economy at all that's a bunch of Liars dragging the market along such as oh I don't know the Magnificent 7 but in 2011 the S&P 500 was trading at 1,700 points now 15 years later the S&P 500 is trading close to 6,000 in other words nearly a quadrupling over 15 years the nasdaq's done even better 2700 it was trading at in 2011 and now where's


the NASDAQ from 2,700 it's now at 19844 this is yesterday's data I know the nasdaq's down pretty hard today so just if the numbers are off just give me a little bit of what but just sit with this chart for a minute sit with this chart if you have a eight or nine-year-old around have them come in and look at the chart and they'll explain to you that this trajectory is absolutely unsustainable which is exactly what I said right before the Doom Bubble Burst it can not continue on this


trend not without a complete deterioration of the economy like we saw in Venezuela yeah the market go up to the Moon gold can be worth a billion dollars but you're sitting there with no medicine no food on the shelves the whole economy is all Mad Max and there's not a lot of good ways out of that that's why I always say yeah gold I'll get to 10,000 but don't root for it because that's a bad day and this is about who saw it coming to actually land on their feet because that's going to


happen either way when we get to that point and you can sit there and go well I never took action at anything or you can say I listened to Peter in 2012 and bought a bunch of gold but just sit with this chart for a minute do you feel like this is at all healthy do you feel that this is at all connected to a mirror image of the massive monetary creation but it's not really good Market breadth when the Magnificent 7 are all pushing the markets higher even dramatically faster than the average economy itself so


you've got a few outliers that are really cranking it out and you have a lot of investors chasing those gains the fomo is really feeding them even the government of countries like Sweden are buying the Magnificent 7 Europeans Asians everybody is putting money into the one thing that's going higher and so it's going to keep going higher so they put more money it's fomo and they're just going to drive it all the way past realistic valuations Nvidia Apple Microsoft Amazon Google go meta and Tesla collectively


turned 271 over the 5-year period compared to the broader s&p500 index which returned 90% so the Magnificent 7 produced triple the gains of the overall markets at a time where the monetary creation was out of control unlike we've ever seen before in the fal was greater and the exuberance and complacency among investors has never been matched as it is right now except once in a while at the very top of a major bubble that pops that's the only time it's ever been more extreme than right now check out this


headline from CNBC Magnificent Seven stocks responsible for more than half the S&P 500's 2024 gain we're also seeing a huge Lurch in the amount of greed that's out there fear has been forgotten completely ignored people don't even understand there's a second aspect to the yangyang there there's fear and greed and it's just about greed it's about greed since 2011 and why wouldn't it be look at how the markets have done this whole time people are telling you that they're so smart


they're confusing a bull Mark of her brains and thinking that they know what they're talking about and so they're going to tell you what they're thinking because they think they're right and it's sad to see it all play out but this is the way it's going to go until the pivot and then they'll say oh W I didn't see that coming here's the reason I missed it and they'll give you some blah blah blah blah but why they told you the wrong thing but if you have any fear of


missing out which it' be weird if you didn't after the last 15 years there's so many things that happened that were Monumental that if you had fear of missing out you would have been feeling it but if you have fear of missing out ever you're going to love this video we are going from 15 straight up years wildly exuberant years to the popping of what is going to be the single greatest bubble of investing history of all time your grandkids will be reading about this in their history books this is


going to pop it's going to be bigger than the Doom bubble is going to be bigger than the Dutch tulip bulb Mania because we are more extreme in every possible way we've gone further in every way valuations are absolutely meaningless now and with all these multiple multiple years of a strong stock market even though the economy went the exact opposite way the whole time we're seeing dramatic complacency among investors which is a major warning sign and you can see what I like to do complacency you can see if


you look at the the vix the fear index the volatility gauge it's all the same thing and you can't trade the vix you can't buy and sell the vix it's just an output it's telling you what kind of action there is in put option buying which are bets against Investments you're really leveraging to try and expect the markets to come down and if they do you make a ton of money that's what put option buying is about and they track it with the vix and the more things get worrisome or scary more put option


buying there is and you can tell when the mud hits the fan the Vick's always spikes and if you see the vix on this chart these two days that was how the vix acted in response to what happened in the markets when the Dow Jones dropped so meaningfully over those same days a couple weeks ago you can see the similarities between the two charts where the vix responded to this like that and if you guys took my trading chart course you understand what all these candles mean but it's very simple


in certain patterns set up on the charts that tell you the next move of investors EXC for swing trading really profitable if you know what to do and if you understand how to look at these charts because they're telling you so many Clues it's like a crime scene a detective probably notices a lot more than just the regular Beat cop who walks in there and discovers the body and everybody who's been around for 15 years but not 20 thinks that they know what they're doing they think this is an easy


game they think that there's a lot more greed to chase the thing about greed it rewards you so if you think well I made 50% maybe I can make 100 and you make 100 you say okay well maybe I can make 150 maybe I can make 300% you just keep feeding it in for greed if greed gets triggered you'll just put more money in and Feed and Fuel the greed even further I don't know about you that's the way I am I'm just talking about myself we must protect the position of the American dollar as a pillar of monetary stability


around the world because of this excessively elongated unnatural long life rally that we've seen fueled by dramatic mon creation and ridiculous policies investors are confusing a bull market for brands people in general the general population is also confusing unpayable debt loads and creating new money to pay for things for a strong economy you've been told the econom is strong the stock market went up under rates low so I guess we're all good right and that's what the pivot is


reality just keeps on showing up showing up showing up three things can't be hidden the Sun the moon and the truth the general population is confusing unpayable debt loads and monetary creation for economic strength and that's why you're seeing all these debt sealing Antics and I keep telling you every time when they say oh my gosh we ran out of money we got to close down the government we got to raise the debt ceiling and every time I laugh and I tell you it's not done this isn't the


last time they act like oh we solved it we came to an agreement of what agreement of what you're paying paying too much for things you're not making enough money you're not covering your debts you're just taking on debt to never be paid to pay for all the stuff you're buying or using or building and then you have a bunch of politicians getting paid to argue and debate and try and get this debt cealing thing to get passed it's not even a real thing it's like a border or stress or guilt which I


talk about in my up thinking book it's not even a real thing it's just in your mind there is no debt ceiling especially when they say okay we'll make a debt ceiling for fiscal responsibility if we do that oh there we won't have to worry about the economy going the wrong way they do this years ago and then we just keep raising it and suspending the Deb ceing no one has ever stopped and really fixed anything we're just playing around here you could remove every mention of debt ceiling ever ever and it would


literally make zero difference to anything at all except that all the money you paid for these idiots to talk about it you could in your pocket and maybe filled in a couple of potholes or given more supplies to teachers or better Technologies for law enforcement officers but no let's just pay these politicians to live off of our tax dollars and just talk about stuff and act like they're solving some kind of madeup problem for us but with all this monetary creation and taking on all this


debt and having the reserve currency it's been wonderful for us it's been great for us and that's sort of the biggest hardship that people people are going to face we're losing all the benefits that we've been enjoying for so long that we didn't appreciate at the time because we just assumed it was our birth right or something we have tremendous advantages because we can give American dollars that we just created that are still hot off the presses to other countries and they just


send all their stuff to us and we use it that's why things don't cost a lot you think things are expensive now with inflation just like I always say just wait just wait I'm early but I'm almost always right just wait you know that there's so many ways this economy and you and I will both suffer because we're slowly losing the reserve currency status now there's a competition to the US dollar which is the bricks currency which is actually backed by money which is backed by gold gold is money our


dollar bill a $20 bill is a currency money has tremendous value since the dawn of time you could have had gold a thousand years ago and somebody would have given you value for it and I know that a lot of you said well isn't the US dollar going to decline in value and I see that it is in 2025 it's going to come down a lot which will mean that things like Precious Metals anything you buy US Dollars Commodities will cost more which then fuse into the input cost of anything we buy from other countries


to make a product for you so then that has to also cost more but yes the US dollar will fall this year significantly in my opinion and you say well then shouldn't we get out of the US dollar if it's going to be less valuable why don't I get rid of US Dollars and buy something else yeah if you buy gold or money but the thing is that's kind of like running away from a glacier like it is moving and it is going to move and you know where it's going but you don't have to like run in terms of the time


window you've got plenty of time always but it will continue to deteriorate this is what the pivot is this is when reality returns to the value of the US dollar and you say but the US dollar is so strong right now and it is it's very strong right now but not in relation to money go in US Dollars has never been at a higher price than it is now and it's got more room to go but when you compare the US dollar to money it is losing value and I also thought other things go up in value a lot too there's more


people buying fancy cars more people spending more for artwork what about diamonds I had that thought so I looked into it here's a chart of diamond prices and the thing that you notice is this big drop off here and what else is happening now and this is why I would never invest in diamonds especially right now because they can produce artificial diamonds right now that are completely indistinguishable from the real thing therefore what is the value of a diamond it's like the difference between the value of Bitcoin which is


limited to the value of beer coin which I think I don't know maybe it is I don't know isn't Limited in which case anyone can irresponsibly just make unlimited amounts what is the value of something that could be created replicated by a technological process and just before we get into this massive pivot and what that means and how it plays out you got to understand a lot of what we talked about in terms of the rampant exuberance all those things feed on themselves fomo feeds on itself stock market increases


feed on themselves cryptocurrency increases feed on themselves it attracts attention it attracts more dollars it also gives people confidence that they made the right move in the first place and if somebody makes a dollar or two they're going to be shoting from the rooftops about this great wonderful investment but then they get caught off site because they're not expecting the pivot which is happening now and you're expecting it so you're going to be in a lot better place than a lot of people


that are going to get absolutely blindsided but this all leads us up into the big economic pivot the chart of the NASDAQ you can see it broke above 20,000 a couple of times but now it's starting to hit a ceiling here and if it tests and falls back from the ceiling two three times that's when you know that that's going to be the market top I take a lot of cues about what's going on the economy from the world around me lineups at stores what people are talking about what the Shan boy is saying when the cab


driver tells you to buy some Doom stock when they're giving you details or people like that used to be the Sho shine boy whatever you want to insert for today's day and age if they're telling you how to invest with confidence even though they've had one or maybe two wins then you know that you're closer to a market top and right now when you listen everybody's conversation they're talking about where they made money how how much money they made what they should do to make money


what you should invest in to cash in where the opportunities are it's all about profit profit profit where to get profit profit that they've got who else has gotten some profit when that shifts and it's already started now the conversation will have a different feel to it people will talk more about someone they know that lost money or be careful about this or the overall feel of the conversation will go more negative pay attention that it's very subtle all very hard to catch but it'll


be in your face can't avoid it because you might go out and buy a coffee you can't help but listen to what a dude beside you is saying you'll notice the conversation is in the process of changing right now but rates have been dropping for a while worldwide too not just in America we're actually one of the countries that is laate to the game or one of the last to move with these rate reductions but if you look at this chart and I'm going to tell you this again what apparently is clearly obvious


that most people don't understand including economists for some reason which blows my mind the recession will start typically the gray areas on this chart are recessions the line is the interest rate and when interest rates start to fall the recession typically begins then like here and here and here and here and here that's why I'm saying that history would have to break for this not to continue when the recession starts it's because interest rates start to lower and you can argue why that may be


but often the argument is that if rates are lowering it's because they know there's a problem with the economy so you're already going towards recession which yes is the exact case that we're in right now but what happens when the recession starts historically that's when unemployment really starts to get going higher right now there's a lot of layoffs that haven't been fully absorbed into the numbers yet there's more to come but the majority of layoffs will happen once the recession starts and


that's going to spike the unemployment rate over 5% for sure but I predict it'll hit double digits in not too long of a time and as this economic pivot plays out that's when everyone goes from greed to fear and you understand that fomo can drive things higher and even higher and even higher but there's reverse fomo where when you know that stocks are coming down you might want to buy the stock you might have great expectations for where the Stock's going to go that company's doing really well


but at that point you'll know that if you wait a week the price will be even lower if we wait two weeks it'll be even lower than that and all of a sudden everyone just puckers up everyone stops buying and that just exacerbates the negative fo all at that time when the fear starts to show up again that's when everybody goes risk off you start looking at things like Precious Metals real money or you get US Treasury bonds or you get out of the really highflying Magnificent Seven stocks and all the


other ones do like I've been telling you to do for quite a while in that riskof trade that's where things start to happen such as the reversal of the wealth effect which is right now more extreme than it could possibly ever have been ever the wealth effect is not a real thing it's like stress or guilt or Borders or the dead ceiling it doesn't actually exist you're just told that it exists but it's not really a thing so when everybody goes risk off that's when things like stock markets start to come


down and then if that gets to a point where you have margin calls forced selling that can really exacerbate the downside and you've heard a lot of people if you're watching any kind of financial stuff some people say the market doesn't have Corrections anymore because they're delusional and then other people say well we're going to have an 85% downside and I just always say that it doesn't matter if we go down 50% 85% or not at all what's most important is that you protect


yourself you land on your feet you get in a better situation place no matter what happens no matter who president is no matter what happens in politics as long as you're paying attention you'll know the information you need to know to make the decisions you need to make and hopefully I can help you with some of this and maybe you don't agree with everything I say and I really hope you don't I'm wrong plenty of the time but I'm generally correct about things about the economy almost always it just takes


longer that's why I always say to you guys what Peter Leed says just wait oh you say Goals going so much higher and it only went up to $1,900 that's what I tell you I go just wait we're not done yet just wait are We Done Yet with gold prices for example not even close but the point is once stocks crash or barrowing a crash they start to correct what that does is it hurts the wealth effect which also plays into real estate which will start bringing real estate values down finally and also you'll see things like


Bitcoin which is long-term sure it's going to do great short term there's a lot of risk here because that's a riskof trade is going to wipe out a bunch of value of cryptocurrencies so what we're dealing with right now is a massive overall economic trend reversal which is happening at a time when we've got unbelievable amounts of indecision among investors which is only now showing signs that it's begun and when you say signs what do you mean Peter well oh I don't know let's talk


about this a massive deleveraging which is going to spike autol loan delinquencies which you've already seen starting it'll get worse unpaid credit card bills increases in the economy related homelessness spiking debt levels for the government for you for your neighbor the company you work out the state you live in government shutdowns and the suspension of the debt ceiling a bunch of delusional stuff because we can't admit that we don't have the money to pay for the stuff we've already bought


you're going to have longer lines of the food bank you're going to have corporate defaults at record levels you're going to have bankruptcies Rising fast as they already are and this is at a time when most families don't even have $500 for an emergency you've heard all the stats you've heard all the reports people are struggling right now which is why I'm I'm going to tell you what you can do about all this cuz this is serious it's very important that you make the right


decisions today about this there's things you can do so that you avoid all the detriments of everything I'm talking about right now once we fully pivoted there's going to be dropping stock market prices margin calls dropping real estate prices falling Bitcoin prices decreases in your quality of life bankruptcies defaults Rising sin Industries such as alcohol gambling drugs an even greater financial hardship by far than you're experiencing right now people are already having Financial hardships it's not news you


want to hear but some of you want to benefit from what I'm telling you understand what's happening so that you can land on your feet and make the best moves for you and the ones that you love that's why I've been preparing you all this time giving you recession tips talking about paying down your debt spending less money having a side hustle taking this seriously educating yourself I'll put a link to a video at the very end where you can see my recession tips because a recession if it's not here now


it's going to be here soon which makes this such an important time in the world in your life for you to decide what to do and I like the idea that maybe I could help you through some of this there's a couple of ways that I can two different ways either you get the Peter leads.com newsletter which comes with the Peter leads app all our content sliced up searchable in your pocket or you could buy the app itself alak cart that's $20 a month or even better you become a Peter Le Insider and you decide


what kind of support you want to provide to get more from us if you don't want to pay five bucks pay three bucks if you're Peter Le's Insider you have direct contact with me you can ask me anything you want anytime you want and I'll help you through what is going to be the single most Monumental economics transition that any human being has ever seen and on the other side of this there's going to be a couple big Winners and a mass of endless people who are financially ruined