STOCK UP ON MEDICINE AND SUPPLIES NOW - PORT STRIKE WILL CRIPPLE US ECONOMY
Summary
TLDRThe 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
- đ The key Fed inflation gauge was at 2.2% in August, which is lower than expected, indicating a potential decrease in inflation.
- đ 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.
- đ€ The speaker questions the credibility of the reported inflation data, implying that personal experiences may not align with official statistics.
- đȘ Mention of a potential port strike that could lead to shortages and increased prices, highlighting the vulnerability of supply chains.
- đ Concerns about the reliance on imports, especially from Asia and China, for critical goods like pharmaceuticals and the potential risks this poses.
- đ Despite economic challenges, the US GDP grew 3% in the second quarter, possibly due to government spending and jobs creation.
- đ A major ski resort operator announced layoffs, indicating that not all sectors of the economy are performing well.
- đ John Deere recalled nearly 48,000 tractors due to breakage risks, raising questions about the quality of American manufacturing.
- âĄïž Over 4 million people were without power in Florida after a hurricane, emphasizing the importance of being prepared for natural disasters.
- đĄïž 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
đ 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.
đą 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.
đ§ 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.
đȘïž 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.
đĄïž 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.
Mindmap
Keywords
đĄInflation
đĄPCE (Personal Consumption Expenditures)
đĄPort Strike
đĄConsumer Debt
đĄGDP (Gross Domestic Product)
đĄPharmaceutical Imports
đĄEmergency Preparedness
đĄBartering
đĄSupply Chain Disruptions
đĄQuality Control
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
please like share and subscribe
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