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 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 going to tell you what you can do about all this CU this is serious this is 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 and 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 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 the 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 you 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 Foo


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 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 Deb 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 Force 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 most important is that you protect yourself you land on your feet you get in a better situation and 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 goal is 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 baring 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 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