WHAT THE FU*K HAPPENED TO THE RV INDUSTRY? - DEALS ARE COMING ON RV'S, CARS, BOATS, ATVS AND HOUSES
Summary
TLDRIn this video, the host discusses the current economic climate, noting the Dow Jones' all-time high amidst other market downturns. He highlights job losses in major companies and a shift towards cheaper food options as signs of a potential recession or depression. The host also addresses the rising prices of gold and oil, the latter influenced by Middle East tensions. He warns of an impending economic collapse, comparing the current situation to the 1920s and suggesting that people should prepare by investing in real assets like gold and silver. The video concludes with a call to action for personal preparedness in the face of escalating global uncertainties.
Takeaways
- 📈 The Dow Jones closed at an all-time high, while the NASDAQ and other markets were down, indicating mixed performance in the stock market.
- 📊 Gold and silver prices increased, with gold reaching what is believed to be an all-time high, reflecting a potential shift towards safe-haven assets.
- 🛢 Oil prices surged over $2, reaching over $77 a barrel, possibly due to escalating tensions and conflicts in the Middle East.
- 🏭 Major layoffs at companies like CarMax and closures of restaurant chains like Red Lobster and White Castle suggest an economic downturn or recession.
- 🍖 Increased sausage demand is highlighted as a worrying signal for the economy, as consumers opt for cheaper protein sources, indicating financial strain.
- 🚌 RV and automotive industries are experiencing significant revenue declines and sluggish sales, with some dealerships offering discounts up to 55%.
- 💵 The speaker suggests that the US economy may be entering a depression, with wage and wealth disparity, and compares the current situation to the 1920s and the subsequent Great Depression.
- 🌐 Chinese Yuan surpassing the US dollar in payments signifies a shift in global currency dominance and the rise of new financial systems.
- 💼 The speaker emphasizes the importance of holding real assets like gold and silver as insurance against economic instability and potential hyperinflation.
- 🏡 There is a potential for social unrest post-election, with the fear that neither side will accept the outcome, leading to chaos.
- 🛡 The speaker advises taking personal responsibility and preparing for tough times ahead by getting in shape mentally, physically, spiritually, and financially.
Q & A
What was the closing status of the Dow Jones on the day the video was recorded?
-The Dow Jones closed up 65 points to close at an all-time high.
How did the NASDAQ perform on the day mentioned in the video?
-The NASDAQ was down 152 points.
What was the price of gold on the day the video was recorded?
-Gold was up another $8, trading at $2,554 per ounce, which is believed to be an all-time high.
What was the price of silver and its change on the day discussed in the video?
-Silver was up by 11 cents, hovering around 30 an ounce.
What was the price of oil and its change on the day the video was recorded?
-Oil was up over $2, trading at more than $77 a barrel, with a significant increase of about 2.5%.
What economic indicators does the speaker mention that suggest a downturn in the economy?
-The speaker mentions layoffs at CarMax, restaurant closures, and a decrease in RV sales as indicators of a downturn in the economy.
What does the speaker suggest about the current state of the economy in comparison to historical economic periods?
-The speaker suggests that the current economy is in a depression, comparing it to the conditions of the 1920s leading up to the Great Depression and the 2008 financial crisis.
What is the speaker's opinion on the future of the US dollar and gold in the event of a global conflict?
-The speaker believes that if the US enters a global conflict, it may default on its debt, which could lead to a devaluation of the US dollar and a rise in the value of gold and silver.
What advice does the speaker give regarding personal preparedness for potential economic and social unrest?
-The speaker advises getting in shape mentally, physically, spiritually, and financially, and taking action to prepare for tough times, including holding real assets like gold and silver.
What does the speaker say about the current state of the housing market and the RV industry?
-The speaker indicates that the housing market and RV industry are experiencing significant declines, with RV dealerships offering discounts up to 55% and shipments of RVs being below a 16-year average.
What does the speaker predict about the use of the US dollar in international transactions?
-The speaker predicts that the use of the US dollar in international transactions will decrease, as more countries, particularly developing ones, are turning to other currencies like the Chinese Yuan and the Russian Ruble.
Outlines
📈 Market Volatility and Economic Concerns
The video script opens by discussing the state of financial markets on August 26, 2024, with the Dow Jones closing at an all-time high despite other markets being down. The speaker highlights the increase in gold and oil prices, attributing the latter to geopolitical tensions in the Middle East. The script then shifts to discuss economic indicators suggesting a recession or depression, evidenced by layoffs at CarMax and closures of restaurants and distribution plants. The increase in demand for cheaper food like sausages is presented as a worrying signal of economic downturn. The speaker also mentions a significant discount in RV sales, hinting at a broader economic decline.
🚨 Economic Downturn and the Impact on Industries
This paragraph delves into the potential consequences of an economic downturn, focusing on the RV industry's struggle to sell inventory despite significant discounts. The speaker questions the sustainability of various businesses in the face of such challenges and draws parallels to the 1920s, suggesting a possible combination of the 2008 crisis and the Great Depression. The summary of historical events post-1920, including stock market collapses and debt defaults, is used to predict future economic hardships. The speaker also warns of potential social unrest and the persecution of the wealthy, reflecting current societal trends.
🛡 Preparing for Economic and Social Unrest
The speaker expresses concern over the potential for social unrest following the upcoming election, citing Martin Armstrong's prediction of chaos if neither side accepts the outcome. The focus then moves to the rising prices of gold and silver as a hedge against US debt fears. The speaker advocates for owning tangible assets and real money as a form of protection against economic instability. The paragraph also touches on the decline of the US dollar as Chinese Yuan becomes a more commonly used currency, particularly in Russia and other emerging markets, signaling a shift in global economic power.
🌐 Global Economic Shifts and Personal Preparedness
In the final paragraph, the speaker emphasizes the importance of personal preparedness for the impending economic and social changes. They discuss the rapid accumulation of national debt and the potential for a default on US debt in the event of a world war, which could lead to a devaluation of the dollar. The speaker also addresses the false sense of security that some people have, particularly those living in gated communities, and warns of the potential for crime and chaos in desperate times. The call to action includes getting in shape mentally, physically, spiritually, and financially, and not relying solely on the government or neighbors for safety.
Mindmap
Keywords
💡Dow Jones
💡NASDAQ
💡Gold
💡Silver
💡Oil
💡Recession
💡Depression
💡Inflation
💡RV (Recreational Vehicle)
💡Yuan
💡Hyperinflation
Highlights
Dow Jones closed at an all-time high, while other markets like NASDAQ were down.
Gold reached an all-time high of $2,554, and silver increased to about $30 an ounce.
Oil prices experienced a significant jump, surpassing $77 a barrel due to Middle East tensions.
CarMax laid off over 400 employees, indicating economic struggles despite official denial of a recession.
Red Lobster and other chains like White Castle and KFC are closing locations, reflecting economic downturn.
Increased sausage demand may signal economic hardship as consumers opt for cheaper protein sources.
High-quality food has become nearly unattainable for most due to soaring prices.
RV dealerships are offering discounts of up to 55% as sales slump and inventory piles up.
The RV industry is seeing significant revenue declines and below-average shipments.
Comparisons are drawn between the current economy and that of the 1920s, with similarities in wage disparity and energy consumption growth.
Predictions of a potential stock market collapse, drops in home prices, and debt defaults are discussed.
The possibility of hyperinflation and the persecution of wealthy individuals is considered.
Concerns about the potential for social unrest following the upcoming election are raised.
Gold prices are attributed to fear of US debt rather than inflation, with a call to own real assets as protection.
The Chinese Yuan surpassing the US dollar in payments signifies a shift in global currency use.
The US is accumulating debt at an unprecedented rate, raising concerns about its long-term economic stability.
A warning against complacency and denial about the severity of the current economic situation.
The importance of personal preparedness for potential economic and social upheaval is emphasized.
Transcripts
it is Monday August 26
2024 uh thanks for tuning in today I'm
just going to get right into uh today's
video uh a lot happening uh markets
closed a few hours ago Dow Jones closed
up 65 points to close at an all-time
high everything else was down NASDAQ was
down 152 uh gold up another $8 today at
2,554 I believe that is an all-time high
silver up uh 11 cents hovering right
about 30 an ounce uh oil uh up uh over
$2 today it is over $77 a barrel so we
saw a big jump there about a 2 and a
half% increase in oil as tensions uh and
Rockets uh and missiles are flying over
in the Middle East uh so things are
escalating so uh we could see oil
breaking $8 a barrel any day now uh
couple interesting articles
here uh Gand based
CarMax lays off more than 400 employees
in recent weeks so as we still cannot
admit to ourselves that this economy is
in a recession I think it's in a
depression but uh the people on the
television the economists the analysts
the host the anchors uh the people
working at the banks the people working
uh down at the stock market no no body
can admit that we're at least in a
recession at this point but then you see
articles like this and we talk about
this every day and this is old news but
uh you know another 400 employees laid
off at Carmax Red Lobster closing
another Ohio restaurant and 22 others
within days uh White Castle closing its
Covington distribution plant KFC closing
25 locations in the midwest uh increased
sausage demand this today on CNBC
increased sausage demand could be
worrying signal for the economy Shoppers
are opting for cheaper products sausage
is a good source of protein it's a good
substitute for uh protein it's cheaper
than steak I mean you look at what even
hamburger prices today chicken prices
and if you want good high quality meat
fish chicken it is absolutely Gone
Bananas absolutely bananas if you want a
good quality uh small ranch raised piece
of meat $25 $27 all day for New York and
I'm not talking about the stuff at
Costco I'm talking about you know stuff
at some of the higher-end uh grocers
that you know are buying stuff from
private ranches where you know it
doesn't have um the Pharmaceuticals
doesn't have the steroids it's uh much
more natural I mean high quality food is
almost Untouchable at this point for
most people uh again we still cannot
admit that we're in
recession um when will we at that point
uh you know that we we'll be in a
full-blown depression but uh consumers
at this point are trading down they're
buying cheaper Foods they're buying uh
you know protein substitutes and
unfortunately a lot of people really at
this point don't even have a choice
they're buying just the cheapest food
possible load it with fillers chemicals
uh and just some of the lowest quality
food that you know you eat this stuff
long enough you're going to pay a price
down the road your kids will pay a price
and this is unfortunate people don't
have a choice uh they're going to eat
what they can afford to eat no matter
what's in the food and no matter how bad
it is for you uh or the kids uh here's
one from the Hedge today RV downturns
apocalyptic with largest dealership
offering
55%
discounts uh if you get a few minutes
read these articles do a little homework
work do your due diligence don't take my
word for it the RV bus has now persisted
beyond the 2-year Market says lazy days
an RV dealership with over two dozen
locations nationwide the world's largest
they have reported significant Revenue
declines and sluggish sales they are now
discounting uh some of their RVs at
55% we're going to see a lot more of
this and it's just not going to be in
RVs it's happening in
boats uh off-road vehicles uh you're
going to see uh more discounts in Autos
you're going to see it happening in the
housing market you're already watching
the
apocalyptic um crash of commercial real
estate uh this is just the beginning
ladies and gentlemen could you imagine
what this is going to look like 12
months from now uh these dealer lots are
loaded with RVs lazy days
shares uh down
75% on the year uh across the industry
shipments of RVs are below a 16-year
average for this time of year that is
absolutely a a a substantial number
right there
16% uh and look all you have to do is
drive by one of these RV lots a car lot
truck lot uh I we don't have many boat
Lots out here being in the desert but
I'm sure if you drove by some of the the
uh boat Lots they're probably inundated
with boats but I can tell you what we
have couple RV dealerships out here I've
never seen so much inventory they cannot
get rid of these things
so uh I don't know uh how many of these
places will be in business uh a year
from now two years from now I have no
idea it seems like a very very difficult
business to be in who is buying you know
100,000 half million million dollar RVs
at this point especially where rates are
um and look they they're going to cut
rates at some point do you really think
it's going to help these industries no
because now people are losing jobs
inflation is not going down in fact it's
going to go up it's going to be more
difficult now uh to keep your standard
of living how many people are thinking
about buying a $100,000 camper or a half
million dollar motor home not very many
are we headed for another Great
Depression question mark this on the
Hedge
today uh today's economy it says is like
that of the 1920s and I I completely
agree I think this is going to be a
combination of 2008 a a and the Great
Depression I I I think we're going to
see a lot of similarities uh great wage
and great wealth disparity that's what
we saw back in in the
1920s and that's what we're seeing right
now recent energy consumption growth has
been low just as it was in the 1920s and
it relates to a a few other uh things
that are very very similar but at the
end of the day what does it all
mean what what does
history uh say uh since
1920 uh about what's
ahead well it list in the article stock
market collapse we're just going back
you know since 1920 what history says
lies ahead stock market collapse drops
in home prices farms and other assets
debt
defaults uh of banks personal
pension
plans um insurance companies and many
individuals owning bonds look for major
debt defaults ladies and gentlemen if a
government
survives just going back through history
if a government survives it may try to
issue much more debt-based money to try
to raise prices this will not be honored
by other countries this results in hyper
inflation and still no Goods to buy it
says it also goes on to say what what
what else do we see persecution of
wealthy people who will be blamed for
society's problems I could see that
right now boy they are really going
after the billionaires they want to tax
them uh they they want to hit him with
these massive capital gains um I mean
basically they're just saying your
number one enemy is a billionaire you
know you know the people that start
companies take big risk employ people
all that I'm not saying that they're all
perfect that there's not crony
capitalism going on of course there is
but they're always going to pick
somebody out to blame and now it's going
to be the billionaires it's going to be
the wealthy people just like it was back
in the day and of course uh what do this
all lead to at the end of the day more
war just like we saw uh after the um 29
crash we Ed up going into World War II
right so It All Leads to war and so uh
unfortunately many people will be
sending their kids to another one of
these meaningless Wars and we can you
know we can blame somebody else on the
destruction of our economy yet we won't
take respon our own responsibility uh
for overspending reckless spending um
nobody is slowing down any amount of
spending in this country we keep sending
money and weapons and missiles and
drones uh all over the world promoting
more war until we get ourselves into a
world war that we're not going to do
very well
we are bankrupt we're running out of
Munitions we're running out uh of of
strategic
um equipment we don't even have enough
people in the Navy to run our ships at
this point and who in the world would
join the military knowing all this and
at this point we don't even know who's
even running the country why would you
join the military chances are whoever is
running the country they're going to
have you in a very very ugly war and
then you know when you lose your legs
your arms you come back and you just
wonder what was it all
for we're looking at serious social
unrest regardless who wins uh the
election Martin Armstrong uh fears
postelection chaos uh this on the Hedge
today uh he says here neither side uh is
going to accept the outcome what do you
think about that what do you think about
that do you think that there is a
serious chance of social unrest
after the election if you do please
comment down below how are you how are
you preparing for this are you doing
anything or are you just going to wing
it and just hope for the best uh or just
believe because you live in a gated
community like this that you're going to
be safe um many many people just think
that everything will just go back to
normal uh you know on the morning uh
after I don't know uh I think that there
is a very high likelihood that Martin
Armstrong may be very very right uh he
says gold is at $2500 do it isn't about
inflation he says it's about fear of US
debt and I'll tell you uh when you see
the amount what is it aund uh a trillion
dollars every hundred days that we we
are uh acquiring in debt every hundred
days we're adding another trillion
dollars to debt if that's not if that's
not a good enough reason why you need to
be owning some gold and silver I don't
know what it is if you need help with
that go to my link down below SD bullan
uh this is not not Financial advice uh
this is just something this is life
advice that I would tell somebody in my
family my circle of friends you need to
be holding real money you need to be
holding real assets you need to be
holding some type of insurance to
protect yourself SD buoyant link down
below check them out if you need gold or
silver been a fantastic company I've
been dealing with for seven years now um
Martin Armstrong says if we get into a
World War we will default on our debt
and what do you think is going to happen
to Gold and Silver and what do you think
will happen to the US dollar at that
point look if you believe that
everything is going to be fine you
believe the dollar is not going to come
under any pressure uh any default any
challenge by the bricks Nations um then
you know keep doing what you're doing I
think that the dollar is on borrow time
I think that if America isn't careful
we're on borrow time um you got to
protect yourself the best that you can
nothing can stop what's coming there's
no way you can prepare for everything
but you got to do something you've got
to take some type of action to be
preparing for very very tough times
physical Financial spiritual um you got
to be preparing for this stuff uh here's
another one today bricks payments in
Chinese Yuan surpasses the US dollar by
two and a
half% uh this is now uh the most used
currency in Russia the majority it says
of developing countries are now paying
um with the Yuan and Russian Ruble for
transactions with
Russia Russia's economy is booming the
ruble is going up the dollar is going
down uh the future now is going to be
all these uh new Emerging Markets it's
going to be China it's going to be
Russia it's going to be the new uh
Financial system it's going to be
payments and other currencies Saudi
Arabia taking you on and other other
currencies the new sip system uh we're
going to be left holding this massive
bag of debt l and gentlemen this bag of
us worthless dollars uh Monopoly money
and people are going to wake up one day
and go what just happened and I guess
they just don't believe anything can uh
bad can happen to the United States of
America but they never went through the
Great Depression but this is much worse
because the the debt now I I mean we've
acquired more debt in 10 years than than
in 250 years of our history it took 10
years to outpace the debt of what it
took 250 years to run it up to 10
years so
if you believe everything's okay God
bless you keep drinking the Kool-Aid I
think we're in big big trouble and if
you think we're in trouble also then you
need to be taking some type of action
and I I think the first thing we could
we all have to do before anything before
you can fix anything before you can take
any action is you have to admit that
there's a problem things are broken too
many people are in denial they don't
want to put down the baseball games the
football games they don't want their
life to change it doesn't matter their
life is going to change no matter what
their bubble is going to burst whether
they like it or not whether you live in
Mayberry or Los Angeles or Chicago it's
all going to burst so I know a lot of
people think that well where I live you
know prices will never go down where I
live crime will never get bad in our
gated community we have security that
drives around every hour so we're safe
these people have a very very false
sense of is security if you think you're
safe because you live in a gated
community you have a very very false
sense of security some of the highest
crime out here as far as uh burglaries
and robberies is Eng gated communities
um when things get really really bad uh
you know if they think if if people that
are hungry and starving think that you
have more than them they're hopping
right over you know the 9 foot wall uh
with no problem because they think that
maybe you have something maybe you have
food maybe you have water maybe you have
maybe they want your shelter who knows
um we are heading into something that
nobody really knows what it is or how
bad it's going to be because we've never
gone through anything like this this
isn't going to be the Great Depression
of your grandparents generation uh back
then people helped one another now I I
mean people will take your life for your
Sho strings okay uh so we're living in a
whole different time do not rely on the
system to save you do do not rely on
your neighbors to save you uh your
neighbors uh may be your worst enemy if
they know that you have food and water
you better have a way to protect all
this stuff so a lot happening things are
are erupting now in the Middle East a
lot of things happening over there so we
don't know from dayto day what we're
going to wake up to what happens when
something happens here a major grid goes
down a a a a evil act takes place on us
soil we are a very soft Nation we've
gotten very lazy very comfortable very
soft uh we are certainly not our
grandparents that is for sure um all all
that would happen is the two grocery
stores in your area shut down your
Costco shuts down your Walmart shuts
down it is game over for people you're
living in a whole another world you're
going to see uh chaos explode within
probably 48 Hours uh because people are
going to be absolutely out of their
minds they they're going to be chaotic
because they don't have a plan they
don't have something to fall back on um
if the ATM shut down it if the system
shuts down people can't use those
plastic cards people are running now uh
you have millions of people in this
country now that are completely 100%
dependent on credit cards if that store
cannot accept a credit card not an ATM a
credit card these people are
done get yourself in shape mentally
physically spiritually and financially
get awake be reading about this stuff
take action be preparing you owe it to
yourself
your family your kids do not be a
Sitting Duck ladies and gentlemen uh
things are happening right now and when
you just look at the amount of people at
the food lines the amount of people on
food stamps the amount of people
dependent on on the government uh for
for a place to live to eat uh just to
survive uh we're talking about tens of
millions of people and then on top of
that we have tens of millions of people
who have come over to this country who
need food who need medical care who need
jobs who need a place to live how is
this all going to be sustainable please
answer me that comment down below I'm
going to leave it there today God bless
every one of you thanks for tuning in uh
thanks for all the prayers thanks for
all the great letters uh I went to the
po. Box last week uh my buddy James in
the UK thank you so much I want to thank
everybody out there for all the thoughts
all the prayers um all the letters
everything God bless every one of you
none of this is possible without you
keep walking close to God keep saying
your prayers thank God for another day
life thank God for everything you have
your family your friends and that you're
awake thank God you're awake and you see
what's going on because if you didn't
you would not be preparing take care God
bless
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