STOCK UP ON MEDICINE AND SUPPLIES NOW - PORT STRIKE WILL CRIPPLE US ECONOMY

Summary

The speaker expresses skepticism about recent inflation data, questioning its accuracy and impact on daily life costs. They discuss various economic concerns, including potential port strikes, reliance on foreign imports, rising costs for goods, and U.S. dependency on external manufacturing. Emphasis is placed on personal preparedness for economic collapse, supply shortages, or natural disasters, advising viewers to stock up on essentials and be self-reliant. The speaker warns against blindly trusting government narratives and encourages proactive measures to face upcoming challenges, urging vigilance and preparedness in uncertain times.

Takeaways

• 📉 The key Fed inflation gauge was at 2.2% in August, which is lower than expected, indicating a potential decrease in inflation.
• 📈 Core PCE, excluding food and energy, increased by 0.1% for the month and was up 2.7% from a year ago, suggesting some areas of the economy are still experiencing price increases.
• 🤔 The speaker questions the credibility of the reported inflation data, implying that personal experiences may not align with official statistics.
• 🏪 Mention of a potential port strike that could lead to shortages and increased prices, highlighting the vulnerability of supply chains.
• 💊 Concerns about the reliance on imports, especially from Asia and China, for critical goods like pharmaceuticals and the potential risks this poses.
• 📈 Despite economic challenges, the US GDP grew 3% in the second quarter, possibly due to government spending and jobs creation.
• 📉 A major ski resort operator announced layoffs, indicating that not all sectors of the economy are performing well.
• 🚜 John Deere recalled nearly 48,000 tractors due to breakage risks, raising questions about the quality of American manufacturing.
• ⚡️ Over 4 million people were without power in Florida after a hurricane, emphasizing the importance of being prepared for natural disasters.
• 🛡️ The speaker advises on emergency preparedness, suggesting stocking up on essentials like food, water, and medical supplies, and acquiring necessary skills for self-reliance.

Q & A

What was the key Fed inflation gauge in August 2024 according to CNBC?

The key Fed inflation gauge was at 2.2% in August 2024, which was lower than expected.

How much was the core PCE excluding food and energy up from a year ago?

The core PCE excluding food and energy was up 2.7% from a year ago.

What does the speaker think about the inflation data reported by CNBC?

The speaker is skeptical about the inflation data, considering it to be 'baloney' and not reflective of the actual prices and economic conditions.

What is the speaker's opinion on the news suggesting that inflation is cooling and borrowing costs are coming down?

The speaker believes that the news is misleading and that Americans are already broke, implying that they cannot afford to borrow more money.

What potential crisis is the speaker warning about that could affect Walmart, Ikea, and Home Depot?

The speaker is warning about a potential port strike that could lead to shortages, price increases, and more inflation.

Why does the speaker suggest that people should stock up on certain items?

The speaker suggests stockpiling because of the potential port strike that could cause shortages and increased prices.

What percentage of imported goods come through the ports that might be affected by the strike mentioned?

50% of all imported goods come through the ports that might be affected by the strike.

How does the speaker feel about the quality of products being manufactured in the United States?

The speaker expresses concern about the quality of products, citing recalls of cars, tractors, and food as examples of declining quality.

What is the speaker's advice regarding preparedness in the face of natural disasters or economic collapse?

The speaker advises having essential supplies like water, food, first aid kits, and other necessities, as well as skills and training for self-reliance.

What recent event at South Coast Plaza did the speaker mention as a cautionary tale?

The speaker mentioned an attempted car jacking at South Coast Plaza, highlighting the need for personal safety and awareness.

What is the speaker's final recommendation for viewers in terms of preparedness?

The speaker recommends that viewers stock up on essential supplies, acquire necessary skills, and stay safe, as stores may not restock quickly during crises.

Outlines

00:00

📉 Inflation Data and Personal Insights on Economic Realities

The speaker begins by thanking the audience for their time and highlights recent economic data, particularly inflation rates reported by CNBC and CNN. They express skepticism over these numbers, particularly pointing out discrepancies between reported inflation and personal experiences, such as high grocery and gas prices. The speaker asks the audience to share their thoughts on whether the economic data matches what they see in their daily lives, while sarcastically questioning the optimism portrayed by the media.

05:01

🚢 Port Strike Threatens Supply Chain and Rising Costs

A potential East Coast port strike looms, threatening supply chains and price stability for major retailers like Walmart and Home Depot. The speaker criticizes America's reliance on imports, especially from Asia, arguing that this dependence leaves the country vulnerable. They suggest shortages and price hikes in goods, including pharmaceuticals, which are largely imported. They warn of economic disruption if the strike proceeds, and question why these essential goods aren't manufactured domestically.

10:01

🔧 Stock Up: Preparing for Supply Chain Disruptions and Price Hikes

With the port strike potentially days away, the speaker warns of delays in receiving essential goods like car parts and medications. They advise listeners to prepare by getting repairs done and stocking up on necessities. The speaker predicts that the strike could severely impact the availability of products and raise prices, encouraging the audience to act before it's too late. They also highlight the broader economic concerns about GDP growth despite a $2 trillion deficit, linking it to government spending and the ongoing war efforts.

15:04

🌪️ Hurricanes and Preparedness: The Importance of Self-Reliance

The speaker shifts focus to the aftermath of a hurricane in Florida that has left millions without power, using it as an example of why people must be prepared for both natural and man-made disasters. They emphasize the importance of self-sufficiency and suggest stocking up on essentials like food, water, medicine, and supplies, urging the audience not to depend on the government for rescue. They also list critical survival items and stress the importance of having basic skills and supplies to withstand emergencies.

🛡️ Safety in Uncertain Times: Crime and Social Unrest

The final paragraph discusses the increasing danger of crime, using the attempted carjacking of a Lamborghini as an example of how even wealthy areas are not immune. The speaker encourages people to stay vigilant, be aware of their surroundings, and take personal responsibility for their safety, warning that societal tensions and crime could worsen as economic and social disruptions intensify. They advise preparing for emergencies now, before resources become scarce and dangerous situations arise.

Keywords

💡Inflation

Inflation refers to the general increase in prices over time, which erodes the purchasing power of money. In the video, the speaker challenges the official inflation numbers, questioning their accuracy and how they reflect real-life costs such as groceries and gas. The speaker implies that despite reported inflation rates falling, everyday expenses are still rising, suggesting the numbers don't match reality.

💡PCE (Personal Consumption Expenditures)

PCE is an economic measure that tracks the price changes in goods and services consumed by households. The video discusses the PCE index showing inflation at 2.2%, which the speaker dismisses as inaccurate, claiming that it does not align with the actual price hikes consumers experience in daily purchases like groceries and gas.

💡Port Strike

A port strike occurs when dock workers at ports stop working, which can disrupt the supply chain by delaying the shipping of goods. In the video, the speaker highlights an impending port strike that could create shortages and price hikes, particularly for essential items like pharmaceuticals and groceries, which are imported through these ports.

💡Consumer Debt

Consumer debt refers to the money that households owe to financial institutions, typically from credit cards, loans, or mortgages. The speaker criticizes the suggestion that Americans should take on more debt despite financial struggles, calling this advice reckless in a time when many are already 'tapped out' and unable to keep up with rising costs.

💡GDP (Gross Domestic Product)

GDP is the total value of all goods and services produced within a country over a specific period. In the video, the speaker questions the reliability of the reported 3% GDP growth, suggesting it is artificially inflated by government spending and war-related expenditures, rather than reflecting real economic productivity or manufacturing.

💡Pharmaceutical Imports

Pharmaceutical imports refer to medications that are sourced from other countries. The speaker points out the U.S.'s heavy reliance on imported pharmaceuticals, particularly from Asia, and the potential risks posed by supply chain disruptions, such as a port strike, that could lead to shortages and increased prices.

💡Emergency Preparedness

Emergency preparedness involves having plans and supplies in place for emergencies like natural disasters or economic collapse. The speaker emphasizes the importance of being prepared with necessities like food, water, and medical supplies in the event of disruptions, such as the Florida hurricane or economic crises, which can leave people without access to basic needs.

💡Bartering

Bartering is the exchange of goods or services without using money. In the video, the speaker suggests that items like alcohol and tobacco could be valuable for bartering during tough times when people may be willing to trade necessities, even if the speaker personally disapproves of these items.

💡Supply Chain Disruptions

Supply chain disruptions occur when there are interruptions in the production or delivery of goods. The speaker warns of the potential impacts of a port strike on the availability of goods, particularly pharmaceuticals and car parts, highlighting how the reliance on imports makes the country vulnerable to disruptions.

💡Quality Control

Quality control refers to the process of ensuring that products meet specific standards of quality. The speaker expresses frustration over the lack of quality in American-made goods, citing examples like recalls of tractors and other products, which he believes reflect a decline in manufacturing standards in the U.S.

Highlights

CNBC reports that the key Fed inflation gauge is at 2.2% in August, lower than expected.

Core PCE, excluding food and energy, was up 0.1% for the month and 2.7% from a year ago.

The host questions the credibility of the reported inflation data, suggesting it doesn't reflect reality.

Consumers may see borrowing costs decrease as inflation cools, according to CNN.

The host criticizes the suggestion for Americans to borrow more, given the high cost of living.

A potential port strike could lead to shortages and increased prices, ignoring current market highs.

The host expresses concern over America's reliance on imports, especially from Asia and China.

Pharmaceuticals are largely imported, raising concerns about supply chain disruptions.

The US economy grew 3% in the second quarter, which the host attributes to government spending.

Despite economic growth, there are discussions about rate cuts, which the host finds contradictory.

Veil Resorts announces layoffs ahead of the winter season, indicating economic challenges.

John Deere recalls 47,900 tractors due to breakage risks, highlighting quality control issues.

The host discusses the importance of being prepared for natural disasters, like the hurricane in Florida.

A list of essential supplies for emergencies is suggested, including water, food, and medical supplies.

The host emphasizes the need for skills and training for self-protection and family safety.

An attempted car jacking at South Coast Plaza highlights rising crime rates even in wealthy areas.

The host advises viewers to be vigilant and prepared, stocking up on essentials and skills.

Transcripts

it's Friday September 27 2024 thanks for

joining me today I really want to thank

all of you as I've said in the past you

have a lot of choices out there there's

a lot of channels I really appreciate

that you take your 15 to 20 minutes of

valuable time and you spend it with me

and watch this channel I really really

appreciate it please make sure to like

share and subscribe but I want to get

right into things right now uh coming

from CNBC key fed inflation gauge at

2.2% in August lower than expected that

was PC e now if we look at core pce

excluding food and energy uh it was up

uh

.1% uh for the month and was up

2.7% from a year ago now I want to ask

all of you this please comment down

below do you believe any of this data do

you believe any of these numbers do you

believe any of this news I don't I think

it's a bunch of baloney but these are

the numbers today so I guess

everything's wonderful inflation's going

to 2% have you noticed it uh at the

grocery store many of you probably went

to the store today maybe you went to the

gas station uh maybe you paid your rent

your mortgage maybe you paid for a

service maybe you're going to the

grocery store this weekend let me know

are you seeing any relief out there you

seeing more money in your wallet more

money in your bank account is your life

getting any better or is this just a

bunch of BS are these numbers just BS

here's one from CNN a dual win for

consumers inflation cooled last month

Paving way for borrowing costs to come

down more

so they want broke Americans to borrow

more money to buy overpriced cars and

overpriced real

estate and this is a this is a news

flash Americans are broke and this is

not going to work uh they can tell us

they can tell us that inflation is one

and a half% today and they're going to

lie to us and tell us that it's back to

2% maybe even below 2% yet we're going

to be paying more than ever at the

grocery store more than ever uh for

services we're paying a lot more for gas

today than we were a few years ago

that's for sure um but who really

believes any of this but this is what

they want you to do oh uh interest rates

are coming down mortgage rates are down

a little bit uh you know instead of

paying 27% on your credit card you only

have to pay 22 23% so go out there and

spend run up more debt you're already

broke just keep running up more debt

this is just unbelievable uh how they're

spending all this and it's some point uh

they're going to they're going to hit a

dead end here because Americans are

tapped out they're maxed out and most

people who are honest with themselves

know this now there are people out there

that believe everything is okay the same

people waiting in the food lines for

government cheese will tell you and I

everything is okay we know that they're

not and again please comment down below

is your life getting better uh with

inflation uh heading down I I haven't

really seen many things go down in price

at all I I I I really haven't uh here's

another one today uh this from uh CNBC

Port strike would leave Walmart Ikea

Home Depot with few import option

options Union

warrants uh markets at all-time highs

today ladies and gentlemen it totally

ignoring this potential catastrophic

Port strike that is just days away just

a few days away uh I would say this get

ready for shortages get ready for price

increases get ready for more

inflation and ask yourself this why are

we not making this stuff right here in

America why are we importing this stuff

from all over the world especially Asia

especially China we're we're having to

import this and this is what happens uh

if if another country gets into trouble

or if a country goes on strike over

there the ports go on strike here this

stuff does not get delivered it go it

has to go to another Port it's going to

have to come here on the West Coast if

we have room it's going have to sit

perishable goods are going to be in

trouble medicines will be in trouble

markets up at all-time highs totally

ignoring uh this danger that is

potentially just days away hord strike

could delay delivery of critical

medications it could be devastating

doctors say this on Fox

Business I hope most of you realize that

90% of the Pharmaceuticals in this

country are imported from other

countries especially Asia especially

China why is this stuff not made not

produced right here in America we are so

reliant on other countries uh just think

if we get into tensions with China with

everything that's happening uh things

that are going to potentially happen in

Taiwan and we want to you know we're

going to hit them with sanctions right

well what if they say hey we're just not

GNA ship Pharmaceuticals to you we're

not going to ship all these cheap

products so you're shelves at Walmart

and Ikea and Home Depot are going to be

empty I mean think about how dependent

and Reliant we are in these countries

and what they can do to us they

literally control us at this point 91%

of pharmaceuticals coming from those

countries have to come through the east

coast and now they're going to have to

come West and that means some of this

stuff probably will perish uh it's going

to get more expensive there will

shortages if you can stock up on some of

these things I highly advise that you do

car dealerships expected to feel effects

a Port strike have repairs done now

expert says this on Fox Business markets

at all-time highs markets ignoring this

risk that is just days away you

shouldn't prices will go up on on car uh

uh repairs on car parts inventory will

be affected so if you need a part may

not be there may not be there for five

six seven weeks it's going to get more

expensive because uh now they're going

to have to ship it from the East Coast

going to have to you know take it to the

West Coast and it's going to take a lot

more uh fuel on those big ships and it's

going to take a lot longer so if you

need something done get it now if you uh

can stock up on medicine do it now uh

three days from now Port strike to close

all East Coast in golf ports this on the

hell Turner radio show um again this is

becoming very very real I pray to God

that this is avoided but they're saying

right now it is a 95% chance that this

strike is going to go through and

remember for every day that Port shuts

down it's going to take six days to

catch

up so a week would be 42 days to get

caught up uh getting this merchandise on

the

shelves 50% of all imported goods come

through through these

ports uh it says here on the hell Turner

radio show.com it will only take a few

days after the strike to see the impact

on store shelves this is pretty serious

we'll see what happens yet markets

all-time highs uh nobody really talking

about it today so I guess if we just uh

don't talk about it ignore it it it just

won't happen so we'll see how it plays

out US economy grew 3% in the second qu

quar in line with

expectations you know how does this

how's this even possible we don't make

anything here we don't manufacture

anything here we're running about a $2

trillion deficit but GDP is growing at

3% uh I would say it has a lot to do

with all these government jobs that are

being created that we're all paying for

I think it has a lot to do with the wars

and the amount of money we're giving

Ukraine the amount of supplies that

we're giving them uh this is why GDP is

going up because of the money that we

are spending on government jobs and War

that's why you're seeing uh GDP going up

and now the GDP is going up and uh wages

are going up and markets at all-time

highs why in the world are we hearing

about 50 basis point and 75 basis uh

rate Cuts why would you be cutting rates

when everything is just going up and GDP

is supposedly growing world's largest

ski resort operator announces layoffs

ahead of winter season I guess

everything is doing really really well

Veil Resorts is trimming its work force

as part of a two-year transformation

plan the sunf Fox Business this covers

uh uh 42 Resorts they have uh

7600 year round employees and 44,000

seasonal employees they're going to cut

14% of their corporate

positions and a few um other ones John

Deere recalls 47,9 tractors over risk of

break loss here we go again can we make

anything without it breaking in this

country maybe maybe we have to import

things because we just can't make

anything here between the cars the SUVs

the tractors uh food that's being

recalled it's just one thing after

another I I mean this is just

unbelievable a recall of another

16,800 compact utility and tractor

models is also underway in Canada what

the heck is going on ladies and

gentlemen why is everything falling

apart where is the quality the the the

incredible quality that we used to have

here in America remember if you when I

was a kid kid if you didn't have a bike

made in America you were literally

ridiculed if if you didn't have a

t-shirt made in America you were

literally ridiculed I mean I hate to to

be like that but everybody had a

American Furniture American clothing an

American bicycle an American car uh

everything was made in America and now

we can't even put a tractor together a

car together the food is is being

recalled it's poisonous uh pet food's

being recalled it's just one thing uh

after another what do you think about

all this comment down below let me know

your thoughts uh 4 million people

without power uh in

Florida uh that

hurricane uh slammed in last night uh

was a cat Forest storm I guess it's it's

up toned down a little bit today but I

just wanted to touch on this for a

minute I mean we've all been watching

the news we were seeing the damage uh it

it's terrible but four million people

without power there are two types of

people prepared and unprepared this is

another prime example hurricanes

tornadoes natural disasters man-made

disasters grids going down uh uh

currency collapsing cyber attacks

you name it it could be anything

man-made or natural you need to be

putting stuff away and we could all

myself included we could all be doing a

better job of this but think about four

million people without power how many of

these people were prepared how many of

these people have 30 days of food just

30 days of food two weeks of food

supply uh probably not most of these

people they're going to be dependent on

the system to come and save them and

feed them and they're going to be

waiting an awful long time and my my

prayers go out to these people this is

devastating no I mean this is horrible

um but we have got to wake up here and

we have got to be independent and we've

got to be ready to take care of of

ourselves and our families and not rely

on the system the system is not going to

save you you are going to have to save

you and so another reminder today it's a

lot of people without power four million

um but you know if you uh have the right

supplies and you're prepared you're

going to get through this the people

that aren't they are dependent on the

government finding them and feeding them

and protecting them too because you know

there's going to be a ton of looting

Finance daily a YouTube channel I was

watching this video uh earlier today and

I just jotted down some notes here while

we're talking about the storm in Florida

and it talked about you know look storms

disasters economic collapse social

disruptions you name it you need to be

prepared and you're going to need at

least 2,000 calories a day and it just

noted some things on the video uh and

this may be a little repetitive many of

you probably already have this stuff but

if you don't these are just things to

think about and please comment down

below and add to the list here of some

things that you would add to this but uh

water be able to purify be able to

filter water have water on hand have a

supply of water not just a case of

bottle water you know if you could put a

couple hundred gallons away or more

great maybe you have a pond maybe you

have maybe you have some water source

make sure that you can purify it make

sure you can uh filter it canned foods

dry Foods beans meat fish veget uh

vegetables in a can this stuff lasts for

years put it away if you can afford

emergency Foods uh that stuff has a a

life lifespan of about 25 years get some

of that get a combination you can add

this stuff and mix it together uh rice

oats beans buy that stuff uh and put it

away and no know how to preserve this

stuff uh make sure you have a first a

kit and Beyond a first a kit I would say

a trauma kit something a little bit more

serious because you're going to be

dealing with some very disturbed people

some very hungry people some very angry

people uh you could take an injury uh

you may need to stitch up you may need

some quick claw you may have to stop the

bleeding um so Band-Aids just aren't

going to cut it make sure you have a

tourniquet in that trauma kit also in

case of severe bleeding uh something to

buy Timely ladies and gentlemen because

the hospital uh may not you know the

ambulance may not just get to you in an

hour it may take 24 hours it might take

two days so you are on your own uh make

sure that you you store antibiotics you

can get fish antibiotics and store those

uh sanitation make sure you have mask

gloves make sure you have some firewood

propane uh ways you know uh maybe you

have a Col in stove maybe you have a Jet

Oil you got to be able to cook this food

you need to warm it up so you need

firewood you need propane uh those

little propane canisters for the jet

boils and the Colin make sure you have

those put away uh of course ammo uh

backup power source generator a lot of

people have gas generators but G how

much gas can you store on your property

and gas only lasts for so long so solar

uh is probably the way to go a solar

generator uh definitely probably the way

to go batteries make sure you have

batteries make sure you have soap

toothpaste bleach hygiene will be

extremely critical Alcohol Tobacco many

of you

uh have a complete dislike for you don't

blame you uh but it will be gold in

tough times this is stuff you can barter

with people may want to smoke people may

want a glass of whiskey uh also uh um

alcohol is also good for cleaning wounds

but in tough times what do people want

they want to have a smoke and they want

to have some alcohol you may not support

it you may have disdain for it that's

fine you don't have to store it but it

is a very good bable item and there's

going to be a lot of people that are

going to want it and may trade you

something that you need so something uh

to think about but add some things your

yourself to this list that that you

think would be important uh something

that maybe you've put away that's not on

this list that we should all be thinking

about and I know you know it may

uh differentiate a little bit depending

on where you live and what your

situation is but give some ideas of some

things that you would add to this list

I'd be very very interested I know the

viewers would be very interested also uh

there's a lot more obviously I I would

say skills and training uh very very

important uh because at the end of the

day you're going to have to protect

yourself and your family uh I'm going to

leave it there today have a very good

wonderful weekend make it make sure it's

a safe weekend um really quick a friend

of mine Marshall sent me an article and

I will close with this uh an article

this just occurred a few days ago South

Coast Plaza probably the top three

wealthiest shopping malls in the entire

United States of America somebody tried

to steal a gentleman's Lamborghini out

of the parking lot while he was in it an

attempted car jacking in the parking lot

this uh gentleman the owner of this car

uh was shot had to go to the hospital uh

so here we are again in a very wealthy

area where somebody driving a very uh

expensive car now uh has been targeted

and victimized be very careful out there

this weekend I mean whether you drive a

Camry or a Lamborghini whether you live

in Newport Beach uh or you live in East

LA it doesn't matter you got to have

your head on a swivel you got to be

paying attention get off the cell phones

when you're walking around and pay

attention to what is going on we have no

idea what could happen tonight tomorrow

we know that there's some very very um

questionable people walking around in

this country from God knows where God

knows what their intentions are and God

knows when things really begin to break

loose but you need to be aware of of

your um surroundings so have your head

on swivel have a good weekend have a

safe weekend and make sure that you get

some things on this list very very

important do it while you can because

when the bad times come the stores are

wiped out and they're not restocking the

shelves you don't want to be out there

dealing uh with people at this point

because it's going to be extremely

dangerous so stock up this weekend add

to your skills have a good weekend God

bless you all thanks for tuning in

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