WTF! MILITARY SOLDIERS IN NEW YORK HOTELS - LOOK AROUND EVERYTHING IS CLOSING

Summary

In this video, the host discusses the sweltering summer of 2024, with record high utility bills due to extreme heat. He shifts to financial news, noting market fluctuations with Dow Jones down and NASDAQ up, and the rise in gold and silver prices. He expresses concern over recent job reports, highlighting a significant loss of jobs in small businesses, which he sees as a bellwether for the economy. The host anticipates a significant impact on markets if the Federal Reserve enacts a substantial interest rate cut in response to an underwhelming jobs report, predicting potential panic and a surge in gold prices. He also addresses the skepticism around economic data, suggesting manipulation, and calls for viewers to prepare for economic uncertainty, emphasizing the importance of being informed and vigilant.

Takeaways

• 🌡️ It's September 5th, 2024, and the speaker is experiencing an unusually hot summer with temperatures nearing 120 degrees.
• 📉 The Dow Jones is down 219 points, while the NASDAQ is up by 43 points, reflecting a mixed market performance.
• 📈 Precious metals are on the rise, with gold up by $21 and silver up by 16 cents, indicating a possible safe-haven shift in investments.
• 📊 August's private payrolls increased by 999,000, which is the smallest gain since 2021 and below expectations, suggesting a softening job market.
• 🏭 Small businesses, particularly those with 1 to 49 employees, are facing challenges, with job losses reported, which is concerning as they are vital to the US economy.
• 📈 The speaker anticipates a significant reaction in the gold market if there's a 50 to 75 basis point rate cut by the Federal Reserve, suggesting a potential increase of $150 in gold's value.
• 📉 There's skepticism about the reported economic data, with the speaker expressing doubts about the accuracy of jobless claims, unemployment rates, and inflation figures.
• 🏢 The speaker is planning a visit to Los Angeles to showcase the economic reality on the ground, including business closures and the impact on the homeless population.
• ⚠️ There's a mention of US military presence in New York City hotels, raising questions about the unusual deployment and lack of transparency.
• 📉 The speaker concludes with a dire outlook for the US economy, foreseeing a collapse and urging listeners to prepare for potential economic hardships.

Q & A

What is the current temperature mentioned in the video script?

The current temperature is nearly 120 degrees Fahrenheit.

What is the speaker's concern about the current economic situation?

The speaker is concerned about the high utility bills, the heat wave, and the potential negative impact of a possible 50 to 75 basis point rate cut on the economy, which could lead to increased inflation and market panic.

What is the speaker's prediction for the August jobs report?

The speaker predicts that the August jobs report will show a growth of 161,000 non-farm payrolls and a slight decline in unemployment to 4.2%.

What does the speaker think would happen if there is a significant rate cut by the Federal Reserve?

The speaker believes that if there is a 50 to 75 basis point rate cut, it could lead to a significant increase in the price of gold, possibly by $150 in a day, and cause markets to panic.

What is the speaker's view on the current state of small businesses in the United States?

The speaker views the current state of small businesses negatively, citing data that shows small businesses with 1 to 19 employees added only 3,000 jobs and those with 20 to 49 employees lost 12,000 jobs in the previous month.

What does the speaker suggest about the reliability of current economic data?

The speaker suggests that the current economic data is manipulated and unreliable, advising viewers to be cautious when making financial decisions based on this data.

What is the speaker's opinion on the current unemployment rate figures?

The speaker does not believe the current unemployment rate figures, implying that the real situation might be worse than what is being reported.

What action does the speaker recommend for viewers in light of the economic situation?

The speaker recommends that viewers prepare for potential economic downturns by surrounding themselves with good people, staying close to God, and being aware of the current economic situation.

What is the speaker's upcoming plan regarding the economic situation?

The speaker plans to visit Los Angeles to showcase the current state of the economy, including the number of closed stores and restaurants, and to engage in charitable activities such as feeding the homeless.

What does the speaker suggest about the future of the US economy?

The speaker suggests that the US economy is entering its final depressing chapters, with high levels of debt and potential collapse, and encourages viewers to prepare for this possibility.