in this video we're going to talk about all things to do with the recession which is going to be here soon we'll talk about when it's going to show up here and affect you things you can do about it so that you land on your feet we also have to talk about a few other things such as who else is trying to assassinate Donald Trump I also want to show you an article I found that's not that old but it is a little bit old where they're talking about Newmont mining Shar is hitting a 5year low I was


also going through a lot of charts last night doing some late night research and I kept saying out loud that's an ugly chart that's an ugly chart and these are the main indexes I'm talking about the Russell 2000 the S&P 500 the Dow Jones Industrial Average the NASDAQ these are warnings showing you that we are potentially going to be seeing a lot lower prices to come next plus I'm going to tell you the number one most important thing you need to know about the recession you help yourself and


people just like us when you click the like button and the banks are about to start releasing their quarter two results and just like I said about the mining companies that had higher gold prices for a long time through the quarter 2 period so their results be even better the banks are the opposite of that because there's a lot of Office Buildings where they have a mortgage out for the office building but there's not a lot of people renting out space in the office buildings so the organization on


the hook to the bank doesn't have the money to pay for the mortgages you're going to start seeing a lot of increased loan loss Provisions lower earnings from a lot of the banks when they start reporting there's a lot more problems going on here than the vast majority of people seem to be realizing here's a chart of the Dow Jones Industrial Average in this setup here this indicator tells you that prices are most likely on a probability basis to go lower next here's the NASDAQ


here's the Russell 2000 here's the S&P 500 they're all telling the same story I'd be cautious right now if you're in the markets I'd be cautious and just like I've been telling you guys to get out of all the highflying stocks like Nvidia look what's going on with the shares of Nvidia this overreach is starting to come back down towards reality you might remember in January 2021 that's when President at the time Donald Trump took out solomani in a drone strike you'll probably remember


that but ever since then the Iranian regime has had their sits set on Donald Trump they intend to try to get him back for that assassination on salamani what's weird is that the Secret Service knew about this and they still let some kid climb on the roof of the building next door to Trump and shoot at him when he stalking here's an article published February 22nd new Mon's stock heads for 5year low as gold and copper Miner Cuts dividend and plans asset sales to maximize profit and so what happened since that


point you can see that when you're looking at articles when they're talking about how negative something is or everyone needs to be getting out of the same investment together what happens a lot of times that's where it's a turning point where that investment starts doing better where everybody else got scared out of it to have bought Newmont mining at the exact point where they made that headline talking about Newmont hitting a 5year low and how they're cutting the dividend since then the shares have


performed incredibly well and this is not just Newmont mining a lot of mining companies are doing wonderfully well and you can't blame them I mean the price of gold right now is over 2 ,400 an ounce the Peter leads newsletter is one of the most popular financial publications of all time I always tell you that the economy is like a set of lungs you breathe in you breathe out that's economic expansion economic contraction and usually you breathe in for longer that's when things are going well


everything's getting more expensive everything's expanding and then when you breathe out it's usually very short so that's like a recession where you have expansion of 10 years and you have a recession of a couple of years that's the way it works and you can't breathe in Forever even though it feels nice to breathe in take a big breath you can't do it forever and that's what happens with the economy it eventually has to deleverage it has to shrink back a bit just because there's limitations to how


much and how quickly any economy can grow you grow really well for a bit and then you contract a bit then you grow for a bit then you contract for a bit and there's plenty of leading indicators that tell you that a recession is going to be here here such as the inverted yield curve which we've had all up and down the yeld curve plenty of inversions meanwhile you can look at things like manufacturing here's American manufacturing production you can see that almost every month it's negative


and it's just another one of the indicators which will get a lot more pronounced when the recession begins and I always talk about these Global recessions it's not just talking about the states here we're talking about where are their recessions or where are we already on the brink of a recession right now Canada Denmark Ireland Japan Finland Luxembourg Iceland South Africa byin Estonia Ecuador mova Luxembourg New Zealand that's a global recession everybody's getting weaker together it


all plays off of each other and that's why all of this Global slowdown and growth is going to now start moving over to the states we're going to start feeling it even more as the United States goes into a full-blown and obvious and clearly definable recession and you might ask when is the recession actually going to get here in America because you've been talking about it for a while yes I have and guess what it'll get here soon here is a chart of the quarterly GDP growth and if you look at that Trend


based on this decline of GDP the next read would actually be a negative territory I'm not saying it's going to be but if it was declining at the same same Pace that it's already declining at then yes we'd be in negative territory on the next read and remember that these quarterly GDP numbers take things into accounts such as federal workers being hired military spending which may have been in recessionary territory already if not for the military spending and all the government hiring so what happens


when the recession actually gets here what does that look like how does it affect you well for sure unemployment will start rising and you'll see that unemployment Rises into the recession in a lot of cases you'll see the unemployment starts climbing a bit until we get into recession then it keeps on climbing throughout that period you can see more bankruptcies there's already a big rise in bankruptcies there's a chart of that that's just going to continue and get more pronounced as we ENT


recession interest rates will start to get cut by Jerome Powell and the Federal Reserve as soon as we get into the economic difficult times anything if there's a recession they're just going to create a whole bunch of new money they're going to lower interest rates it'll be very stimulative from both sides but while all this is going on the inflation rate will be coming down a little bit as global economy slow down there's also some deflationary factors that are bringing things down lower like


artificial intelligence once it starts going back higher inflation will just keep on going towards double digit inflation meanwhile delinquencies will be on the rise autol Loan delinquencies mortgage delinquencies defaults the overall quality of life for most people will decline while the the strains on the civilian population just keeps on getting greater and greater especially when inflation starts going higher again and yes gold miners and silver miners are going to fall along with everything


else when it all starts coming down together but then the precious metals miners will be the first ones to recover strongly just before I tell you the most important thing that you need to know about this recession I'm going to walk you through a couple of recession prep points if you want to be prepared for what's to come land on your feet do a little bit better than you otherwise would have don't get blindsided like everybody else then you're going to want to keep some of these points in mind


spend less money and if you think that sounds glib then you're going to love this next one save more money you should expect difficult times ahead for the economy and so you want to start making harder choices now rather than doing it when it's too late get a side housle rent out an extra room in your basement or above the garage sell unwanted things most of us have a whole bunch of value in our garage that we just leave there collecting C webs but if you take it out and you sell some of it there might be


some value for somebody else who's going to be willing to pay for it and I've been sharing this from the rooftops for a while now avoid the overvalued shares the ones with the really high PE ratios the ones that everybody's talking about on the news like Nvidia for example instead of the overvalued stuff you should put a lot of focus onto undervalued things real assets such as precious metals get physical gold and physical silver if you can get into the mining companies that mine for that


metal and remember that they're going to be reporting their quar or two results very soon definitely have some investment or exposure to oil companies especially in this economic military conflict climate you're also going to want to do an audit of yourself take a look at everything how much money do you make how much debt do you have how fast are you paying down debt how quickly are you saving up how much do you have to invest in speculative stuff how much do you have to invest in more solid


companies ones that don't have as much volatility once you have your audit then you can make a plan where you going to go with all this what are you going to do to make your hundreds of dollars turn into thousands what are you going to do what's your plan what's the process never stop learning always spend time on YouTube just learning whatever you need to learn so that you land on your feet throughout this recession it's going to be here really soon you want to consolidate your debts you don't want


any kind of debt on the credit card if you have a line of credit Maybe pay off your credit cards with that cuz maybe the interest rate is lower for the line of credit give your resume a little TLC Spruce it up a bit update it because you never know if you're going to be looking for a job and you want to be getting ready before everybody else also realizes that they need to get ready as well you absolutely want to keep on looking for things to invest in that'll really change your life buying shares


that you see are undervalued keep on doing that because this is one of the best times to be doing it when there's blood in the streets that's where all the opport opportunity lies more millionaires made in the Great Depression than any other time in history there's a lot of opportunities when there's blood in the streets and a lot of chaos on the streets there's so many moving parts right now that you absolutely want to be keeping your eye on it you want to be investing you don't


want to miss out on this wonderful moment and if you have any debts attack those debts pay them down aggressively make it a mission one of your top priorities you might want to even create a budget if that helps you that that helps a lot of people and one of the things you're going to want to be doing is building an emergency fund so many families don't even have a few hundred in case of an emergency you don't want to be one of those people you need to start saving up and building an


emergency fund there's a lot of things that are going to happen coming up soon that might be a Black Swan might surprise you and you're going to really benefit by having more savings for your emergencies this is from Credit Karma mistakes to avoid in a recession and there right with this one they say be realistic so many people think they can turn a few hundred into tens of thousands you got to start smaller where you turn a few hundred into a few thousand and then you just do it again and again and again this will


we help all the audience for the Peter leads newsletter do and here's a screenshot from the mle fool track your spending determine what to cut back build emergency savings generate multiple streams of income rebalance your portfolio and continue to invest the recession actually acts as a huge deleveraging it's a recovery of Financial Health we're being more financially mature and responsible because of the recession it's not a bad thing it's a good thing the number one most important thing to keep in mind is


that this recession will be here and then it will be gone and when it's gone there's a lot of major opportunities for you as an investor you don't want to miss out on those for a couple bucks a month you're supporting the channel keeping on sponsorship free advertisement free independent and we produce more and more content the more support that we receive