🚨THERE IS NO GOING BACK THE DAMAGE IS DONE - SUBWAY SANDWICH EMERGENCY MEETING
Summary
TLDRIn this video, the host discusses the current economic situation, highlighting the market's dependency on rate cuts despite positive indicators like the Dow Jones and NASDAQ's rise. He questions the Federal Reserve's decision to cut rates when markets are thriving, suggesting it's driven by manipulated data. The host also addresses the struggles of fast-food chains like Subway, the closure of San Francisco's last Denny's, and the surge in household debt. He warns of the potential for societal collapse, urging viewers to prepare for emergencies and questioning if America's cities can recover from their current state of crisis.
Takeaways
- 📅 The video was recorded on Thursday, August 15th, 2024.
- 🌤 The speaker is in Palm Desert, California, enjoying clear blue skies and a slight drop in heat.
- 📈 Financial markets are experiencing an uptick with the Dow Jones up 594 points, NASDAQ up 401 points, and precious metals also rising.
- 🤔 The speaker questions the Federal Reserve's need to cut rates when markets are performing well, suggesting the markets are dependent on rate cuts rather than economic health.
- 🚗 A personal anecdote is shared about a friend, Jack Morgan, who had his car totaled by an uninsured driver, highlighting the challenges faced by newcomers to America.
- 📺 There's an upcoming collaboration between the speaker and Jack Morgan to create content about the situation in Los Angeles, including retail closures, homelessness, and crime.
- 🛒 Retail sales data has been revised upward, showing a significant increase, but the speaker expresses skepticism about the accuracy of such manipulated data.
- 🍔 Subway is facing financial trouble, potentially becoming a casualty in the fast-food value wars, as consumers seek affordable meals.
- 🏚 San Francisco has lost its last Denny's restaurant due to dine-and-dash incidents, reflecting a broader societal issue.
- 💡 Surging electricity costs are adding financial strain to American households, with many struggling to pay their bills.
- 🏢 Multiple companies have announced layoffs, contributing to a challenging consumer environment and rising household debt.
- 🏠 Home builder and buyer sentiment are at record lows, with sales and traffic falling to new low points, indicating a struggling housing market.
Q & A
What is the current date mentioned in the video script?
-The current date mentioned in the video script is Thursday, August 15th, 2024.
What is the weather like in Palm Desert, California, according to the script?
-The weather in Palm Desert, California, is described as beautiful with crystal blue skies, no clouds, and the heat has come down a bit from the previous month's extreme temperatures.
What is the speaker's opinion on the Federal Reserve's decision to cut rates?
-The speaker is critical of the Federal Reserve's decision to cut rates, questioning why it is necessary when markets are performing well, and suggesting that the markets are dependent on rate cuts rather than economic health.
What economic indicators are mentioned as being up in the script?
-The economic indicators mentioned as being up include the Dow Jones, NASDAQ, gold, silver, and the 10-year bond yield.
Who is Jack Morgan and why is he mentioned in the script?
-Jack Morgan is a friend of the speaker and a content creator with a channel on the Real Liberty Project (rlp). He is mentioned because he had a car accident with a driver from Haiti, which he discussed in a video.
What is the planned collaboration between the speaker and Jack Morgan?
-The speaker and Jack Morgan are planning to meet in Los Angeles in the mid to end of September to shoot videos about the current situation in the city, including the number of closed retailers, the homeless crisis, and crime.
What is the significance of the retail sales data mentioned in the script?
-The retail sales data is significant because it shows a 1% month-over-month increase, which is the largest rise since January 2023. However, the speaker suggests that this data is likely to be revised downward in the future, indicating potential manipulation.
What challenges is Subway facing according to the script?
-Subway is facing an emergency situation with its franchises due to the fast-food value wars, and there is a possibility that it could be a casualty in this competitive market.
Why did San Francisco's only Denny's restaurant close down?
-San Francisco's only Denny's restaurant closed down due to dine-and-dash incidents, where people eat and leave without paying their bills.
What is the speaker's view on the current state of the economy and the potential future?
-The speaker believes that the economy is in a dire state and that things are likely to get worse, regardless of who is elected president. They suggest that the country is extremely divided and that it will take a collective effort to resolve the issues, which they do not see happening in the near future.
What advice does the speaker give to viewers regarding the potential worsening of the situation?
-The speaker advises viewers to prepare for all possible emergencies, including natural disasters, grid failures, and cyber attacks, by ensuring they are mentally, spiritually, and financially prepared.
Outlines
📈 Stock Market and Economic Concerns
The speaker begins by greeting the audience and encouraging engagement with the video. They report on the pleasant weather in Palm Desert, California, before transitioning to discuss the stock market's performance, with the Dow Jones and NASDAQ showing significant gains. The speaker expresses confusion and concern over the Federal Reserve's potential rate cuts, given the market's upward trend. They argue that markets are overly reliant on cheap money and rate cuts, rather than focusing on broader economic health. The speaker also mentions a car accident involving their friend Jack Morgan, whose channel they promote, and hints at an upcoming collaboration in Los Angeles to discuss the city's social and economic issues.
🍔 Fast Food Struggles and Economic Downturn
This paragraph delves into the challenges faced by fast food chains like Subway, which is reportedly holding emergency meetings due to financial struggles. The speaker reflects on the changing affordability of fast food and the declining quality of meals over the years. They predict Subway's potential downfall and discuss the broader implications of economic hardship on businesses, citing the closure of San Francisco's last Denny's restaurant due to dine-and-dash incidents. The speaker warns of a potential societal collapse, emphasizing the importance of personal preparedness for worsening conditions.
💸 Rising Debt and Economic Indicators
The speaker addresses the surge in American household debt, driven by credit card and auto loan delinquencies, which they argue are symptomatic of a larger economic problem. They discuss the impact of rising electricity costs on households, sharing personal anecdotes of record-high bills and the desperate measures people are taking to cope, such as pawning possessions. The paragraph also covers recent layoffs in major companies and the decline in home builder and buyer sentiment, painting a bleak picture of the economy's health. The speaker questions whether the current state of affairs is reversible and emphasizes the need for personal preparedness for potential crises.
🚨 Societal and Economic Collapse Warnings
In the final paragraph, the speaker warns of an impending societal and economic collapse, highlighting the visible signs of decay in major American cities like Los Angeles and San Francisco. They discuss the growing homelessness, the impact of commercial real estate collapses, and the seemingly insurmountable challenges of cleaning up and restoring order. The speaker calls for personal preparedness for emergencies, including natural disasters, cyber attacks, and other catastrophes that could exacerbate existing issues. They conclude by urging viewers to take action, prepare for the worst, and not to rely solely on hope or divine intervention.
Mindmap
Keywords
💡Dow Jones
💡NASDAQ
💡Gold
💡Silver
💡10-year bond yield
💡FED
💡Rate Cuts
💡Economy
💡Retail Sales
💡Subway
💡Electricity Costs
💡Debt
💡Layoffs
💡Home Builder Sentiment
💡Homelessness
Highlights
It's Thursday August 15th 2024, and the presenter thanks viewers for joining and encourages them to like, share, and subscribe.
The weather in Palm Desert, California is described as beautiful with clear blue skies and temperatures that have come down from the previous month's extreme heat.
Financial markets are up, with the Dow Jones up 594 points, NASDAQ up 401, gold up $15, and silver up by a dollar.
The presenter questions the need for the Federal Reserve to cut rates when markets are doing well, suggesting that markets are dependent on rate cuts rather than economic health.
A video by Jack Morgan is mentioned, where he discusses a car accident involving an uninsured driver, highlighting the emotional response and the incident's impact.
Jack Morgan's upcoming visit to Los Angeles for collaborative video shooting is announced, focusing on the city's economic and social issues.
Retail sales data for the month shows a significant increase, but the presenter suspects it to be manipulated and likely to be revised down in the future.
Subway is reported to be in financial trouble, with an emergency meeting called with franchises, potentially signaling a decline in the fast-food industry.
The presenter expresses concern over the declining quality and portion sizes of fast food, reflecting on the changes over the past decade.
San Francisco loses its only Denny's restaurant after 25 years of business, with dine-and-dash incidents cited as a contributing factor.
The presenter warns of the societal implications of increasing lawlessness and the potential for chaos in the event of a societal breakdown.
Electricity costs are surging, posing a financial threat to American households, with many struggling to pay their bills.
American household debt has surged, with significant increases in credit card debt and auto loan delinquencies.
Multiple companies have announced layoffs, contributing to a challenging consumer environment and economic downturn.
Home builder sentiment is at a low, with buyer sentiment and sales traffic falling to new low points, indicating a struggling housing market.
Los Angeles is facing a homelessness crisis, with over 100,000 residents potentially homeless by the 2028 Olympics.
The presenter discusses the state of America's cities, comparing them to scenes from a horror movie due to the levels of homelessness, crime, and decline.
The presenter emphasizes the importance of personal preparedness for potential emergencies and societal breakdown, urging viewers to be ready for the worst-case scenarios.
The presenter concludes by encouraging viewers to take action and prepare for the future, rather than relying solely on external factors or hoping for a miracle.
Transcripts
it's Thursday August 15th 2024 thank you
so much for joining me today as always
please make sure to like share subscribe
share these videos everywhere ladies and
gentlemen uh a beautiful day coming to
you from Palm Desert California
beautiful beautiful day now a cloud in
the sky the air is beautiful Crystal
Blue Skies uh really really gorgeous the
heat has has come down a little bit it's
still pretty warm but we're not hitting
those 115 120s like we were last month
so that is uh refreshing now I want to
get into things today looks like uh
everything is back to normal life is
good my friends uh Dow Jones up
594 uh NASDAQ up
401 uh gold up $15 silver up a buck8
10year bon yeld uh up
3.92% uh C it was up about nine 10 basis
points today everything's going up uh so
my question is why in the world does the
FED have to come in and cut rates when
everything just is fine everything's
going up it it just it's shocking that
the FED is going to come in and Juice
these markets when the Dow Jones is up
almost 600 points today and NASDAQ up
another 400 everything's going up uh but
again we know that everything is going
up because these markets are pricing in
multiple rate cuts to come this is this
is how dependent these markets are on
rate Cuts they don't care about how many
people are losing jobs they don't don't
care about a crumbling economy the
markets just care about cheap easy money
and rate Cuts so we'll follow that uh
really quick I watched a really good
video today from somebody I consider a
friend Jack Morgan you can check out his
channel Jack Morgan rlp uh he uh we we
just talked a couple days ago and he
posted this video today where uh he he
was driving and his car was total by I
guess we'll call it a newcomer somebody
that just came to America uh from from
Haiti and uh he was pretty upset about
it if you watch Jack's Channel you know
he's a he's kind of an emotional guy
very charismatic guy so uh his car was
total the driver uh of the other vehicle
from Haiti uh no name no driver's
license no insurance it wasn't even his
car check out his video uh very um very
entertaining very interesting I'm glad
Jack is okay uh but we did talk a few
days ago and Jack's going to be out here
uh around midt end of September uh we're
going to be heading out to uh Los
Angeles uh we're going to be shooting
some videos out in La uh Jack and myself
so um we'll keep you posted with that
but it should be really really good Jack
uh used to live out in the California uh
State of California I lived in La so he
knows it pretty well so it'll be
interesting to get together with him and
shoot some uh video of what's Happening
uh to Los Angeles the amount of
retailers that have closed the homeless
crisis crime uh all that stuff so I'll
keep all of you posted with that now uh
shifting gears here a little bit uh the
Hedge us retail sales beat thanks yet
another massive downward revision uh so
we got the good news today retail sales
shot up 1% month over month this is the
biggest month-over-month
rise uh since January 2023 so this is
great news right in a normal real non
manipulated Market this would be really
great news but everything's very
manipulated uh for the eighth month in
the last year the previous month's data
was revised lower this making the
current month beat more
impressive and I will say
this the alos love this this number will
be revised next month we'll we'll get
this July number it will be revised down
as we all know this will be the ninth
month then
but it it won't matter nobody will care
nobody will pay attention to it nobody
will even know and right now it's like
they're purposely just triggering the
alos with the good news right even
though the good news is fake manipulated
data uh that will be revised next month
but right now they want to juice the
market so what do they do they just put
this manipulated data out there and tell
us all that well retail sales shot up 1%
month over month is not great and the
algorithm just fire off of that and
markets love it and and it's another
reason why the markets were up today the
markets love this stuff the algorithms
eat this up and then of course obviously
the markets know that the the calvar is
coming uh with some cheap money and so
we're going to continue to get uh more
of this manipulated data probably
depending on who wins in November if one
person wins who I think you know who it
is I if this person
wins we're going to probably start
getting the real data the real numbers
and we're not going to be getting these
type of revisions the real inflation
will come the real unemployment numbers
will come the real retail sales numbers
will show up the real CPI PPI will show
up the other person wins we're probably
going to get more of this manipulated
data here's another one today from the
Hedge Subway calls emergency meeting
with
franchises as fast food value Wars
potentially claim
Casualty that casualty could be Subway
they're in trouble uh they have 19,000
North American
shops
uh and we're now living in an economy
where people really cannot survive
without $5 meals remember the $5 Foot
Longs the $5 Happy Meals you could go
anywhere back in the day and have a
lunch for $5 That's History I know uh uh
McDonald's has got some some deals right
now and some other uh franchises or or
or fast food restaurants are running
some deals but think about you know the
quality now that you're getting with
these with these type of foods not that
the quality was good years ago but it's
much worse now you're getting smaller
portions and you're getting really
really bad quality food tastes nothing
like it did 10 years ago I can tell you
that Subway set the meeting was
essential so what is this mean is Subway
in big trouble every time I drive by a
Subway first off I I haven't eaten in a
Subway in many many years if I do have a
sandwich made somewhere it's typically
Jersey mics um Subway is to me just
obsolete I never cared for him back in
the day I still don't I don't I haven't
eaten there in many many years um are
they in big trouble probably just like
many other restaurants but what do you
think will Subway be around a year from
now or are we going to see a lot of
these
uh stores closing San Francisco loses
its only Denny's restaurant repeat San
Francisco loses its only Denny's
restaurant this one uh located uh uh in
Union in the Union Square area
operations
ceased uh a August 1 after 25 years of
business tragic really really tragic to
see another establishment 25 years of
business shut
down a week and a half ago sad and what
caused it was it the economy what
they're saying here was it was D and
dash people going in eating and then
taking off and not
paying I I I I cannot even believe where
I'm living at this point that that a
arrest right now closed down not because
of crime or a bad economy but because of
dying dying and dash people going in
eating and not paying their bill this is
the mentality today this is our society
today if you think for a second when
things really get bad here the grid goes
down uh your lights don't work you have
no power you can't get to a grocery
store if you think it's not going to get
really really really bad that there
aren't people that would love to just
come to your house kick your door in and
take everything you have you are sadly
mistaken I mean people do this now just
because it's literally a past time a
lifestyle that they can just go take
something out of a store walk out with
it go eat somewhere walk out without
paying a bill you think when these
people get hungry and desperate they're
not even hungry and desperate yet
they're just doing this because they
can't what happens when these people
right here who have no respect for the
law no respect for your for human life
no respect for your hard work no respect
for your home your family what do you
think they're going to do you think
these people wouldn't come to your house
and take everything you have you better
you better wake up you better get out of
fantasy land here's another one surging
electricity costs pose another Financial
threat to American households so on top
of all the other bills uh the the other
Financial burdens that you have now the
average American is struggling to pay
their electricity bill we've talked
about this time and time again uh we
just got our our biggest electricity
bill in history uh just a couple days
ago but uh this is what everybody's
going to have to deal with pretty much
wherever you live uh I I will tell you
this our electricity bill has nearly
doubled this summer compared uh to last
summer and it just keeps going up up and
up I don't know how people are doing
this I I guess they're cutting out meals
they're putting this stuff on credit
cards they're going to pawn shops my
buddy said they took in
$20,000 uh of of of goods uh last
Saturday at his Pawn Shop people came in
desperate for money to pay their rent to
pay their electricity bill and they're
just pawning off literally anything they
could uh so when you see a small pawn
shop you know spending $20,000 in a day
uh where people are coming in pwning
Goods you know it's getting bad American
household debt surged in recent years
amid challenging consumer environment we
talked about this the other day credit
card debt autol loans delinquencies are
skyrocketing between credit cards and
auto loans you're looking at you know 9
to 10% think about that that that is
huge and where's where's the Hope how
are things going to get better if we
just keep spending money as a country uh
people can't even pay electricity bill
uh they they can't even afford to go to
the grocery store how is this going to
get better people are going deeper and
deeper into debt layoffs announc that
multiple companies this summer talk
about this daily uh Cisco 6,000 layoffs
Intel
,000 uh Paramount Global 2,000 uh
stellantis 2450 fastly 11% of of their
employees gone Sonos 100 people and this
is on top of many of these companies
have already laid off people earlier
this is the the the second layoff and
we're not even talking about how many
small or medium businesses have had to
lay off the mom and poppers the small
restaurants the the small retailers
we're not even reading uh what's
happening uh there home builder
sentiment SL to 2024 low home buyer
sentiment at record low buyer traffic
and sales both fell to new low points it
says here on the Hedge uh hit a number
of 39 that's below the 41- 43
expected uh here's another one today
from the Hedge and as I was opening uh
this video uh discussing with all of you
that Jack Morgan myself Sid uh I think
Enrique is coming we're going to be
hitting La uh talking about what's
happening in Los Angeles over 100,000 La
residents could be homeless by the 2028
Olympics one in 150 La inhabitants or
69,000 people are experiencing
homelessness and the figures are
growing take the if you take the people
right now living in their cars and and
and their SUVs in La you probably have
over 100,000 right now on top of the the
homeless people living on the sidewalks
and under the overpasses in La uh these
numbers are very conservative they don't
even count people living in the
dilapidated campers and RVs people
sleeping in their cars people sleeping
in their SUVs they don't even
count the economic collapse.com
vast stretches of America are so
depressed they look like something out
of a horror movie you know I've said
this many times when we've gone out shot
videos and this will be very interesting
next month to head into
La uh with Jack it looks like an
apocalyptic movie when you get to La uh
parts of San Diego look the same way uh
you go up to San
Francisco uh looks the same way uh just
absolutely unbelievable like it like an
apocalyptic movie what's happening uh to
some of these cities right now Across
America uh this I I I don't know if it
can even be fixed at this point when you
see the commercial real estate collapse
that's happening in these cities the
crime rate the
homelessness uh the amount of of
newcomers that are coming in that these
cities are spending billions of dollars
on how in the world does this get fixed
how does this get resolved how much
money would it take now to just clean up
the trash when you go into LA and you go
into these the some of these areas
there's so much trash Skid Row for
instance there's so much trash in some
of these areas of La how many billions
of dollars would it cost to clean up the
trash to remove the dilapidated
buildings to repair all the street
lights where the copper has been stolen
I mean are we past the point of no
return right now many of you have
written me and said yes we are past the
point of no return this thing is going
down I pray to God it isn't but I'm a
realist like most of you we may be at
that point that we're not coming back
and so as I leave you today the only
words of advice I could give view is
we're not going to be able to stop
what's coming I don't see things
improving and really no matter who is
elected or selected as president however
you want to look at it um this is this
is not going to be fixed uh o over the
next four years in fact it could get
worse and you have to be ready for that
uh there's not one there's not a sole
person that can be elected or selected
that is going to fix this country it
would it takes the entire country to
come together uh and resolve this and
this country is extremely divided so I
don't see that happening so
unfortunately I think things are going
to get much much worse I'm praying for a
miracle I'm optimistic that at some
point they will get fixed but think
about if we're even on the right track
if the right person is elected and can
actually do something and get enough
people together to do something it will
take years to clean up the mess from
decades
ago so you need to be prepared for all
possible emergencies madade
natural grids down cyber attacks no
access to food or money uh these are the
possibilities that could be coming uh to
this country and you need to be ready
for that and if it doesn't happen great
wonderful we we we avoided uh a tragedy
uh but what if it does happen are you
prepared to deal with if you woke up
tomorrow morning and the stores were
wiped out and there was no food coming
in for two weeks no power no access to
your bank accounts you can't go on the
internet uh you can't get your
medicine uh you know people are kicking
indoors because they're hungry they're
mad uh will you be able to protect
yourself will you be able to feed
yourself are you mentally preparing
spiritually PR preparing physically
preparing financially preparing again
this is not onedimensional this is
multi-dimensional um we're going to keep
talking about this every day because
every day we're seeing more and more
warnings that things are going to get
very very bad we're having more
earthquakes out here now in California
what if we had a really really major
earthquake uh are you prepared for that
are you prepared to deal with that do
you have a tourni kit do you have first
aid kits trauma kits uh do you know how
to use this stuff look I I need to get
out and and really tune up on a lot of
my training it's been so hot it's been
very very difficult to do but uh I
really need to get out and tune up on
that
um anything is possible Now ladies and
gentlemen in 2024 and many people are
predic ing things to get even more
chaotic in 2025 so don't sit on the
couch don't uh just hope this to go away
don't say that I'm just G to leave it in
God's hands God is leaving it in your
hands this is your mess this is your
country this is your future this is your
kids future what are you going to do
about it we can just ignore it and hope
it goes away or we can prepare we're not
going to stop it but at least we can
prepare the best that we can to protect
ourselves and kind of
uh insulate ourselves a little bit from
what's coming and at least we're
prepared for the worst case scenarios so
I'm going to leave it there today God
bless every one of you again please like
share subscribe it's getting now it's
starting to get a little warm I'm going
to head in uh as always I look forward
to to talking to all of you uh also
check out uh Texas silver I think he's
got his last uh part three I think it's
the final it's the conclusion of the
bill hter interview so check that out
God bless all of you have a good day
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