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 economic breakdown there's a ton of opportunities in all of this chaos as you guys know that I've always told you but also there's a tremendous amount of risk right now what kinds of risks are we talking about real estate has risk stocks cryptocurrencies a lot of stuff is going to deleverage and come down your quality of life is going to decrease your personal financial situation and the wild card is the big one the war those are the risks that are going to be pulling things lower you got

to be careful of that's why all those things and everything we're going to talk about today it's what makes these videos so hard to watch if you've got the stomach to watch the reality of what's going on with the economy then sit back and check this out it's pretty bad and it's getting a lot worse make sure to subscribe to this channel so I can help you thrive through the economic breakdown this video is divided into three things step one why I'm saying it's an economic breakdown I'll tell you

exactly the reasons I'm saying that number two I'm going to tell you what happens next and then number three I'll tell you what I like to do in most of my videos at the end is explain to you some things that you can do action steps you can take to position yourself better to land on your feet to help the people that you care about help yourself make a few bucks when you otherwise would have lost money that's what this channel is all about helping you through this economic breakdown as a special bonus I

divided the last part about what to do into four Concepts things you have to avoid things that you should adjust in your lifestyle things that you should acquire certain types of assets and lastly the awareness that you need to get through this on your feet please subscribe to the Peter leed's YouTube channel so you will Thrive throughout the economic breakdown so why am I saying that there's this big economic breakdown they say that the economy is so strong they say that the unemployment

rate is so low they say that the stock market's doing so well well let's take a look at it from Peter leed's eyes here's a chart of the US federal debt which just keeps on getting bigger and bigger this debt is hiding the fact that our economy has being so weak for so long if you take out $100,000 on a line of credit from your bank and spend that and live off that you're going to look like you're making a lot of money or you're doing fine but you're not you're

just really indebted here's a chart of the deficit it's from fiscal data this is federal debt Trends over time what we're doing here is we're taking debt loads compared to the deficit and you can see here how it gets so much worse so quickly this is a chart of the US leading economic index it's a bunch of leading economic indicators which is displayed by the blue line and here the black line is the GDP you can see how the leading economic indicators are saying that coming up the economy is

going to be getting worse the coincident indicators are things like the stock market things that happen at the same time as the event of the economy there's lagging indicators leading economic indicators as displayed here are telling you which way the economy is going to be going in the near future and it's a bad picture and here's our favorite chart that I always show you monetary creation and there's so many ways that you're hearing all these stats and surveys about different people's

problems where they're saying they don't have $500 for an emergency or they don't feel like they're keeping up with inflation or they're mainly stressed about financial issues and those numbers are always over 60% sometimes 70% or more of people who meet whatever negative threshold everyone in general is financially strapped right now mainly or partially because of the massive levels of inflation in the grocery store shelves that you're still seeing that they're telling you that it's going away

but it isn't going away not if you're a shopper many economic indicators these leading economic indicators have been falling for a couple of years every month now it's not like this is sneaking up on you it's not like anyone's going to say were there any signs of course there were signs there's signs every month for years now and nobody's really paying attention because they're being gas lit and being told the economy is strong here's the balance of trade think

of this as air leaving a balloon that's just money going out off of our Shores going to other countries we're buying their stuff they're not buying our stuff that's why it's always negative we always send out more money than we bring in but here's the US dollar look at the trajectory of this it's coming down pretty strongly and it will go further lower coming up pretty soon and you can look at things like gold as a reflection of how weak has the currency gotten because the stronger gold is the weaker

the currency is and the weaker the currency is the higher prices of gold are going and if you look at it Gold's never being higher the US dollar has never been more overly abundant think about it and here's a chart of us bankruptcies there's a chart of us delinquencies and here's a chart of unemployment and you can see that it's rising as I told you that it would rise and it's going to rise pretty strongly and this is also remember in addition to the 88,000 jobs they thought were there that

they had to revise downward so even the numbers you're getting now might change going forward because they're giving you the rosy Outlook the best case scenario look at all these jobs we made yay it's all strong economy just like we told you and then it turns out oh wait 88,000 jobs that we told you were there we just miscounted the Peter lead's newsletter is one of the most popular financial publications of all time so what happens next it's pretty clear it's pretty simple and

you're going to agree with most of this I'm sure I hope if you've been paying attention here I thought I'd tell you everything is going to happen with this recession in one sentence and this is the other day I know you've seen it probably but here it is one sentence that's going to happen as this recession rolls in a town then we're going to talk about what to do about it which is divided by things you should avoid the types of assets you should acquire the way you need to adjust your lifestyle or

might want to adjust your lifestyle and also the level of awareness that you're going to be needing so here you go one sentence that's going to be what happens in the recession people will have less disposable income expensive restaurants will join the numbers of rapidly Rising bankruptcies overvalued stocks and just about all stocks will fall very significantly purchases will be put off by consumers the wealth effect melts away real estate prices drop strong L cryptocurrencies prices will decline

suicides and domestic abuse and crime and civil unrest will also rise inflation will fall until the fed's overreaction in terms of easing and monetary creation homelessness will continue to climb on its record-breaking path and the unemployment rate is going to tell you all about it I always like to wrap up any video with action steps you can take to better yourself get in the right position and that's why now I'm going to give you the disclaimer right now this is not personalized trading advice for

you make your own decisions live with the results of those I'm wrong 100% of the time I don't know the answer to anything make your own choices so avoid acquire adjust and awareness avoid here's the types of things that you should be avoiding right now in my opinion just about every stock unless they're a precious metals mining company or certain oil companies and if they're a Peter leed's newsletter approved stock those are the ones you want to invest in because they've been given the whole

analysis to make sure they healthy company and in better shape than a lot of the other options out there Bitcoin will probably come down pretty strongly real estate is slated to start coming down relatively soon it's been taking a lot longer than I thought it would but real estate will be coming down you also need to avoid certain emotions this is the whole new part of penny stocks for dy's Third Edition that I wrote the whole new part is all about getting your mind spaced right and that's what stocky

will be about whenever I get around to writing that so again your mindset right that is the single most important thing you need to do to be a good investor and the one thing that'll derail any investor especially newer investors is a level of emotions you do not let your emotions cost you money and they are the most expensive thing going you don't want to have fear you want to have confidence you want to switch to Capital preservation rather than greed and you should have patience rather than

frustration if you're feeling any negative emotions switch it for a good one turn your biggest obstacle into your biggest opportunity you'll make a lot more money if for investing from place of calmness discernment logic and the things you should require in this recessionary period And as the economy transitions to a whole new monetary system coming up over the next couple decades as all this change happens the entire Economy based on the US dollar is in flux in every possible way right now

so you want to acquire things like cash because there's going to be so many so many discount opportunities everywhere and as simple as stocks dropping a massive amount you get them cheaper or things like people will be selling their assets or their houses more millionaires made in the Great Depression than any other time up until that point that's going to be the same thing again I'm telling you there's going to be so many insane opportunities we haven't started the real collapse yet but when we do

you're going to say oh wait yeah there are opportunities everywhere and when I talk about the precious metals mining companies here's an example of one of the stocks that I bought personally Ken Ross gold is tripled now in a short period of time and after the triple I'm still not selling because these stocks are just getting started I'm going to say it again and I haven't said this in many many quarters now but I used to say it almost every month you're going to want to own some gold and it's just

getting started this move is just getting started similarily we just talked about a couple stocks that popped up a lot in the weekend alert both of which I said the jump is going to be permanent and it will be lasting because of the under lying price drivers this is flexible systems and neon subscribers are asking should you take quick profits now should we cash out I'm saying just like with kenross if the stocks do well that doesn't mean that you cash out it means that they're doing what you expect

them to do which is the reason you bought them in the first place these stocks are all trading higher for fundamental reasons reasons about their operational results so you don't need to worry about it being a sudden blip where you got to quickly cash out and take your profits you let the bread bake and that's what you're going to do you're going to sit on some of these Investments that are just getting started moving higher and adjust is about adjusting your lifestyle this is serious that's why I'm being such a wet

blanket okay nobody wants to do the things I'm saying but I'm telling you that it'll make more sense 6 months from now and you'll say oh yeah that made a lot of sense 6 months ago I wish I listened that I'm telling you to adjust your lifestyle that means spend less money immediately today right now rent out the extra room in your attic sell anything that could be sold clear out your garage have a garage sale get a side Hustle sell anything that someone else will pay you money for

and get rid of high interest rate debt try and consolidate your debts with a line of credit or something like that buy certain items I can't tell you what but whatever you think you're going to need as the economy weakens rapidly visibly the economy is weakening rapidly right now right in front of our eyes but no one's noticing it soon everyone will be realizing the econom is weakening and that's when it's going to be too late that's why you want to make your actions now you want to be upstream and lastly

awareness you want to be aware of certain things you want to be aware of this entire topic it's hard to watch but keep watching this stuff that's why you subscribe so that I can help you through this economic breakdown and if you want to have direct contact with me then become a Peter leads Insider Peter leads.com insiders for a couple of bucks cost a coffee and if you haven't done it yet please please click like on this video it really helps us get the word out to people that you know that this

video is going to help please subscribe to the Peter lead's YouTube channel so you will Thrive throughout the economic breakdown