we're so close right now some generationally historical economic shift that so many massive things are about to change that it's going to be very difficult for so many people a crazy thing happened when I was building this video something that's never happened to me when I was making a YouTube video ever I'll get to it I just want to tell you guys that I know what you're used to me talking about you're used to me talking about a lot of the real harsh Financial realities of what's going on


things like bankruptcies loan delinquencies or the Great American Dead bomb I've been talking about for decades and quite possibly a once in a generation stock market overvaluation so I thought instead of what I typically talk about why don't I go a different direction and tell you about the ways to get out of this rather than just complain about it like most people are doing and there's not much we can do about it besides complain you help yourself and people just like us when you click the like button I figured


that I would go over a bunch of ways that we could dig our way out of this problem and that's the point of the video because then when I started putting it together it ripped in half basically I got to tell you about this I've been warning about the Great American debt bomb for decades now and you can see in 2011 the Congress of the United States in their Blog the hill they picked up my article America is past the point of no return there's things we could have done then to avoid going past the point of no


return which then we're now in well into and so I thought I'll start talking about the problems with the economy the debt the trade and balance the decline of the purchasing power of the dollar yada yada yada and that's when the video ripped in half and I was just I can't do it to be true to myself I'm not trying to sell books here or give views here I'm just telling you the economic reality and when was different I told you it was different but this is what it is right now we're so close right now


some generationally historical economic shift that so many massive things are about to change that it's going to be very difficult for so many people we'll talk about this in this video and I know I was trying to find some good things but the more I thought well here's the debt load and here's how fast it's growing an 8-year-old kid could tell you that this is a problem when you look at the realities and the trajectories of the numbers and you look at historical precence of what have


people done in the past in similar situations you're going to realize that the only answer is always monetary creation until the entire currency collapses that's why every currency eventually expires is worthless unless it's not Fiat every currency in the world right now is Fiat except soon the bricks goldback currency will not be a fat currency because it's backed up by money so the debt loads are much too big and they've climbed far too quickly everybody knows that then I look at the


operating deficit that's the money that comes in from taxation to offset all the expenses we have and sadly the reality and this isn't just me telling you this I'm not cheerleading this I'm just telling you that you can look it up yourself the reality is that about 50% of every dollar we spend is covered by tax revenue the other 50% is usually money we borrow and we used to borrow it from China and Japan but they're selling and who else owns a lot of American debt the person who owns or the group that


owns the most American debt is American citizens pensions things like that and then you look at the ongoing and eternal imbalance of trade where we just send money to other countries to buy stuff from them that's why you go to Walmart and you choose a $5 pool that used to be $20 you vote with what you take off the shelf and it's been proven that lower costs override the desire to buy American but we've eternally been buying things from other countries more than they're buying from us that's one way to


get economy back on the right footing have manufacturing start producing things United States used to be the production Hub of the entire world that role is now being taken over by China and we haven't adapted to that yet we're just living the high life but we're just sending billions of dollars out of the country and you know all about the decline of the Petro dollar and Saudi Arabia is leaning more towards the East Asia China away from America now a lot of oil used to be bought and


sold in American dollars because Saudi Arabia can dictate what they buy and sell the oil in that's why that's where all the control was and now the countries that are not using the American dollar anymore are the ones who are deciding not to and you may have noticed that there's a lot more of those countries now where they're all deciding to go against the US dollar eliminate the hegemony of the US dollar in the world and take over with their own bricks currency he's got about 45% of


the entire world's population right now that would be in the bricks Nations and while this isn't going to change anytime soon the reserve currency I did show you it's got a timeline on it it's got a limitation it gets replaced by another one every 80 years or so do we have more years left than the US Dollar's Reserve currency absolutely I don't know how much longer but it'll be enough that you don't have to worry about it right now and with Saudi Arabia and America making


a deal that they're going to artificially control what currencies oil is bought and sold in that's artificial what do I always tell you about artificial things they are always always temporary the Petro dollar don't think of it like a switch like there's a Petr Dollar on and of no one uses it think of it more like a dial the dial is gradually being turned lower in terms of US Dollars being used to buy and sell oil the dial is slowly turning and there's no question that each War


usually does a logarithmic amount of damage compared to the last war if you look at Major World Wars World War I the Great War the war to end all wars you had a pretty significant casualty toll then World War II comes along and's carpet bombing and entire cities and the death toll goes up by 10 times will the death toll go up by 10 times again in World War I probably the weapons are tremendously logarithmically more powerful but World War I if that happens then none of this matters anyway so you can deal with that how you want


to just putting out there that this is a really incredibly risky time in the world militarily on a lot of fronts and it's not just the conflicts that people are focused on with Ukraine and Israel there's also the South China Sea you've got China having problems with India a little bit problems with Indonesia a little bit a lot of things are moving around there's a massive war in Africa as there always seems to be but a lot of people tens of thousands a year are being killed in the Congo but my point


of telling you all this because you know about reality already you watch the news you learn things the reason I'm telling you is that from an investment perspective which feels gross when you're talking about things that really matter I know but from an investment perspective nobody seems to realize how significantly close we are to a major military escalation to some degree it might not be World War III but either way if there's a small war between Iraq and Iran that should push up prices of


oil and it's not that's a theoretical thing I'm not saying that's happening I'm saying that when there's a conflict of any countries in oil rich countries or they're on the trade routs that's massive when you're looking at what's going on with the houthi rebels and Yemen they got more weapons now ship killing missiles they're taking out boats all over the seas that's a problem it's disrupting shipping lanes so significantly it's very unlikely that


this is going to be resolved anytime soon and there's a lot of risk that's going to come from any kind of war between whichever sides and right now we're closer to all sorts of different types of wars and there's nothing showing up in the price of oil or gold from my perspective in terms of risk premium that would be realistic there should be a lot higher prices for both gold and oil and by the way I was getting ready to tell you guys don't worry about gold don't worry about gold


prices I always tell you that because gold prices came down about $100 an ounce over two days but by the time I was getting ready to film the gold prices are already bounced before I had a chance to say to you don't worry about gold so Gold's doing pretty good today it'll come back it's not going anywhere just think of it like will the US dollar continue to deteriorate in purchasing power do you think there will be more creation of US dollars if you believe number one or number two of that


statement then yes you should expect that gold prices are going to go a lot higher but instead of telling you how to fix things cuz it would be just absolutely monumentally ridiculous to even suggested nobody's going to do it it cannot be done a 9-year-old will tell you this that means it's a point where you need to save yourself and it might sound selfish you want to save people you care about but the way you do that is you first save yourself you get on a good footing you de what what's about to


come you make some choices that I'm going to talk about in just a minute right after I tell you first all these things which are going to happen I had to rip the video in half and take it from a different direction when I was half done it because the numbers were just so preposterously ridiculous this debt will not be paid they already admit that they're not going to pay the unfunded liabilities just because the mud hasn't hit the fan does not mean it's not Airborne so you're on the


Titanic go put on a lady's ball gown and put on some makeup in a wig and sneak onto a Lifeboat it's that time it's time now the Peter lead's newsletter is one of the most popular financial publications of all time the fact of the matter overall with where they brought us economically now the fact of the matter is that there has to be certain things happen there has to be a recession I always told you that the economy is like a set of lungs it breathes in and it breathes out it's


time to start deleveraging this Market is way over its skis and some people see it some people don't agree and maybe I keep getting proven wrong because the market can keep on going higher just like it did in Venezuela but I'm talking about quality of life landing on your feet and helping yourself first so that then you can help all the people that you care about please subscribe to get our next actionable video and you're hearing a ton about the banking crisis or crises which are coming coming up and


yes there's going to be massive banking crisises there's a lot of exposure especially to a lot of these corporations that own office buildings that are half empty and they can't collect enough rent to be able to cover their mortgage there's a lot of banks on the hook for those mortgages and as I told you since 2011 I've been publicly talking about the Great American debt bomb and the only difference between then and now is that it's much much bigger now and it wasn't like it kept on


going up in the same trajectory it was going up in that trajectory and then recently we had a couple big events and so this cranked it up higher and printed all this money so it goes up like a hockey stick curve the debt bomb is boiling over and there has to be a currency crisis other countries which usually lend us money are watching what we're doing we're just printing more and more money and they realize that that is going to devalue the value of the bonds that they've already bought that's why


they're selling that's why they're not buying anymore the world now knows that we're just treating the creation of currency like a playground there will be a currency crisis there's been a natural strength in the dollar up until recently and now I think that it's going to start coming down now I've said that before and it went higher I believe it's going to start if not now then soon and you're seeing all the major defaults and bankruptcies I told you about the


default Deluge if you remember a lot of people have been around for a long time and you remember I've been talking about this for so long that it was coming up and that it's here now we are in the default Del we're having a lot of bankruptcies even names you know like Red Lobster Radio Shack matter of time on both of those but during all these major defaults what happens is that first of all the economy gets weaker there's more unemployment more firings more businesses go bankrupt the treasury


Department along with the Federal Reserve are going to put their heads together and agree to print Monumental amounts of money another massive bout of quantitive easing very good for gold very good for all Commodities very bad for the purchasing power of the dollar but when that happens I've told you many times that that's going to be what's going to really Stoke strong double digigit inflation now let me ask you like do you feel it do you agree with any of this do you choose to agree or if


you don't agree why don't you look into it to see if what I'm talking about as accurate or not do you feel that we're rolling right into October and November two of the worst months for the stock market do you feel like maybe we need a little bit of a stock market recalibration where maybe portions will sell off off a lot more strongly than others but very importantly let me tell you what you can do about all of this because I am not just complaining I'm trying to prepare you or get you to be


motivated to at least look at this and then make the choices you need to make so that you land on your feet number one you save yourself and only once you get onto Solid Ground then you worry about helping out other people and what else you can do is you can agree with what I'm saying you can believe what I'm saying and if you do maybe just maybe you would adjust one as aspect of your life would you do if you could do one thing today do one thing that would put you in a better position in case


everything I'm telling you is going to come to pass if I'm 50% right about any of this what choices would you make today one choice what would you do today to put you in a better position in case what I'm saying I'll plays it if for extra marks do more than one thing actually expect this to happen and therefore think about how it's going to affect the markets and everything and every asset that you have position yourself now Now's the Time once the mud hits the first blade of the fan it's too


late adjust your entire lifestyle we're living too high on the hog we're living too fast and loose I think that everybody I did myself cut back on expenses as much as you can increase your income if you can and take an audit of your financial situation and your financial trajectory how much money are you bring in how much are you spending where can you cut back a little bit not forever just for now this is a time to be really serious about this stuff 2 years from now if for still plugging along nothing's happened and I


don't know what I'm talking about and there you have it but unfortunately for you and I both I do know what I'm talking about reorganize things sometimes a small shift can have a big impact for example my fridge went on the fritz I bought a new one with the freezer on top so that I'm in a wheelchair I can see the entire fridge and then the free on top is so much better it's change my life that was a small shift that completely made a big difference there's all sorts of things


anybody can do in any moment in time small shifts that'll make a big difference pack your kids lunch the night before it's just simple stuff and I know you could figure out yourself but I'm trying to motivate you because financially economically you should be really thinking about reorganizing every aspect of your life sell the extra car rent out the room in the basement and above all else always keep on learning I always say that we have the entire amount of all collected human knowledge


at our fingertips if you have Wi-Fi so take advantage of that keep on learning I learned how to make a verata and I've got videos on recession preparation tips things you should think about as we enter our approach the recession and these apply whether we depression recession even some of them apply no matter what just to BR yourself in a better financial position even with other recession so links are below this video to that video but as I showed you in 2011 when US Congress was picking up my blog that I


wrote about America pass the point return it did make a difference then and doesn't make a difference now that I'm talking about it and it's not that people aren't believing the message it's that my voice is not loud enough and I'm doing everything I can try to do to make a taller Soap Box show louder to the crowds but it also has to do with YouTube I'm going to need some social support here anything you can do to help get this message out because so many people are going to get get blindsided


completely economically and financially especially because you're being told the economy is so strong and good on a daily basis they're being told that they're being told that that's why they're all looking that way and they're going to get blindsided and this isn't so that I can get more views and sell some more books and things like that this is so that we can help people who don't know any better because this is about to be such a significantly difficult time financially


for so many people and some of the people who see it coming and prepare for it position properly are going to come out on the other side of this a lot better even though it'll be bad they'll be a lot better than the otherwise would have been so getting this word out has a lot to do with you guys and you know what to do and unfortunately about everything we talked about in this video everything we just said I'm not wrong for a couple bucks a month you're supporting the channel keeping us


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