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hey bulls and bears I am back thank you for being back it's been a couple days hasn't it maybe just one day was it two days one day doesn't matter we're here now uh back with another dose of economic reality I had family coming in from out of town so I do apologize I've been putting out a little less uh videos than usual usually I'm pretty pretty on point with getting videos out every day so I've kind of slowed it down to every other day but I'm gonna start picking it back up here well actually no we're leaving town Saturday we're going up to Big Bear so I might not be picking it up too much but I'll try to report as much as possible and I'll try to do some reports on the road and I want to thank everybody for continuing to follow me here on this channel thank you very much as we continue to document the economic collapse that is unwinding in slow motion and it's unwinding in a way that most people still don't understand most people expect a crashing economy or a economic collapse to be crashing prices falling home prices falling chiropractor prices well with the level of money creation that's happening right now it's very unlikely to get a deflationary collapse scenario like so many people had hoped for a lot of people were you know hoarding cash the people that can hoard cash in this environment of High Cost of Living it's not easy to hoard cash but the people that can hoard cash are waiting for a better times as far as better times to buy uh real estate automobiles uh just the cost of living to come down right so people are putting off traveling right now because the cost of gas the cost of tickets the cost of hotels is just crazy but a lot of people are having a difficult time even putting cash away more people are running up debt you know the story let's get into some of the latest news here I want to get into today um first the central bank they say they're not taking consecutive rate hikes off the table you know what that means that there's a good chance that they won't raise rates again if the feds you know if they say this thing if they say these things then uh the odds are that the opposite will happen if they're talking about oh we're not going to be afraid to raise rates then guess what they're probably really afraid to raise rates anymore and uh it's likely going to be rate Cuts again why do they skip this last rate hike if higher rates were the solution to the High Cost of Living problem if that were the solution to inflation why would they skip or why would they pause a rate hike right it doesn't make any sense and like Judge Judy says I had a family member that used to watch that show all the time Judge Judy and she said or she says maybe she still says it if it's if it doesn't make sense then it's not true that's one of her quotes I don't know why I remembered that but um the backlash still continues against uh beer maker Bud Light and um you know I guess they uh made the wrong group of people mad um there's still not able to um you know get their sales to pick back up so could it be the end of the brand uh if they just changed the name of it maybe people won't realize it and maybe they'll just have to completely Rebrand the uh you know that particular beverage uh but the uh the people you know pushing this you know um this uh agenda you know they want us all wearing dresses and they want us all looking lollipops you know they don't want to us they don't want any of us to be Farmers they don't want any of us to be self-sufficient uh they want us all to be dependent on the companies uh you know don't grow your own food because you know this company is going to grow the food and you can go buy it with your credit card uh nobody be self-sufficient all you need to do is just um you know be reliant on Corporate America to uh provide everything for you right the nanny State as some people would call it uh Jim Rogers famed investor Jim Rogers is out there with a warning so it's not just me saying this folks uh listen to what Jim Rogers said quote you should be extremely worried he warns that the next bear Market is going to be the worst in his lifetime and he's been around for a few decades uh a lot of decades actually uh a bigger crash than 2008 so he says crash I've been saying slow motion apps but yes a crash could happen it's going to take some big situation to turn this into a crash just think 2020 when the Health crisis uh you know spread across the globe and um you know things crashed the stock market crashed but then again they came in with bigger money Printing and pushed the stock market back up they sent out tons of money to people so it was a um it was a different crash than we'd ever seen before we never we have never seen such a fast recovery as we did in 2020 both in the markets and consumer spending picked right back up um you know companies got paycheck protection programs so a lot of companies were able to survive that wouldn't have survived otherwise but on the other hand a lot of small businesses that wasn't even enough to rescue a lot of these small businesses so it was very interesting what's the next um big thing that's gonna you know come out here and crash this economy is it going to be something huge like you wake up there's no power there's no internet um you can't buy anything with your credit card you're going to see Mad Max unwind in a matter of just a few days if that were to happen so that's a pretty big risk I always encourage everyone um you know to be prepared for it doesn't hurt to keep at least a month of survival items uh money out of the bank food Etc U.S home prices are still dropping in the S P 500 will erase this year's gains that's uh Economist Dave Rosenberg David Rosenberg all right so if nothing's wrong why do we have all these people out there giving all these warnings and you know people have been hearing These Warnings for years and you know a lot of people just don't really see what's happening they know that they're broke and living paycheck to paycheck but a lot of people have accepted that as The New Normal I was talking to somebody through email and uh chatting back and forth a little bit and they were kind of a skeptic about okay when's the economic collapse going to happen you know so I asked them a few questions I'm like oh how's your savings you know how how's your home how many more years until you pay off your home turns out they don't have a home they're renting um they don't have much money put away I actually have at least a month's worth of survival money put away and can kids know you know they don't have that they're not prepared for that but yeah in their mind everything's fine so they don't have at least a month living expenses put away they're renting their home this is somebody in their 40s but yet they still think everything's fine I guess some people have just accepted the fact that they'll never own anything thing that they're going to be living paycheck to paycheck for life and to some people that's fine so if that's fine to you you may not see any problems out there uh yeah I'm broke I'm living paycheck to paycheck that's okay because I could just swipe my credit card and buy whatever I need life is good many people look at it like that you know as long as you can get what you need today tomorrow next week next month the next year it doesn't matter because everything's fine and everything is going to continue to be fine until you know for the rest of their life many people have just accepted defeat as as The New Normal and a lot of people have accepted defeat as good you know they're not missing any meals they can go uh to restaurants swipe their card have very nice steak dinner doesn't matter how much it costs because the banks are going to give me credit and it doesn't matter if I can ever pay it off just ask Aldi what four million students who can't pay their student loans I'm sure if you even ask them they can't pay their loans back they had to freeze this now student loans for what three years if you ask most of them everything's fine you know I'm living at home um you know I've got benefits anyways let's anyways let's move on from that here more owners of distressed office properties simply choose to walk away folks this could be the pin that bursts the bubble the property uh the commercial property bubble is collapsing it's bursting before our eyes now this takes longer to get noticed uh in the uh just the regular economy right a consumer economy but this is something big we're gonna have to keep an eye on we've got several cities now with over 50 percent vacancy rates and you may not think this is going to affect the average person but with all these businesses that are no longer occupying these buildings um you know this could be the pin that bursts the bubble I'd like to I'd like you to tell me your um uh view on that here uh please let me know down in comments um this is at a Business Insider the FED will not hit its two percent inflation Target until 2025 um and consumer spending less shows a recession is coming that's Bank of America saying that uh so again you know we've been hearing These Warnings for years but if we're not going to hit our two percent inflation Target until 2025 why are we pausing rate hikes again it doesn't make any sense right we haven't hit the target that they're supposed to hit uh they have that Target in place they haven't hit it but yet we're pausing rate hikes that should be a very loud alarm Bell when you see things like that that just they do not add up they do not make any sense uh let's take a look here Ford more layoffs a thousand contract and salaried workers with the price of vehicles why are so many automobile companies laying off work as you would think with vehicles still at very high prices that these companies would be hiring more people hey let's make more cars because so many people are going to buy them because there's the prices are still you know very high there's still a high demand for cars uh and the reason prices are high because there's not enough cars for sale so let's make more but no the apps that just happened they're laying off right so that should be another alarm Bell out there to most uh people thousands of prisoners to get free college paid for by the government if you're one of the four million people that can't repay your student loan and you hear about prisoners getting free college that must kind of a sting a little bit so you might be questioning your your decisions in life it's like oh maybe I should have went out and got arrested and I wouldn't have all the student loaned at and it can get my college degree Behind Bars and if it was a small offense where I'm only in prison for maybe five or ten years I can get my college degree and then get back out in 10 years and be debt free what a crazy world we live in folks isn't it just insane uh it's crazy let's see what else here we're gonna wrap that up for now I'm gonna make this one a shorter one today you know how we always have to end this folks keep stacking uh if you can't afford 30 days living expenses at least I recommend six months but at least 30 days then things are not going so well for you I'm sorry to break the truth to you if you think everything's fine and you can't afford 30 days living expenses uh you need to wake up folks because it's time to prepare because this thing could explode overnight we could wake up and it would be chaos folks if we see an outage the banks go out you know countries are trying to bring us down our grid you know it you know what's happening so get ready slow motion collapse but any day this thing could fall apart very very easily right keep stacking folks Big Love bye for now peace
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