ALERT⚠️A BLACK SWAN EVENT WILL CRIPPLE THE US ECONOMY - THE MOTHER OF ALL HOUSING BUBBLES IS HERE

Summary

In this video, the host discusses various current events, including Ford's recall of over 990,000 vehicles due to engine issues, the seizure of Venezuelan President Maduro's airplane in the Dominican Republic for violating US sanctions, and the potential for a global shift away from the US dollar as countries like those in BRICS seek to establish their own currencies and trade systems. The host also touches on economic challenges such as housing bubbles, inflation, and the disconnect between reported statistics and everyday experiences. Additionally, the importance of truly 'walking the walk' in preparedness is emphasized, suggesting that physical, mental, and spiritual readiness is crucial for facing potential future crises.

Takeaways

• 🚗 Ford is recalling over 990,000 vehicles due to a risk of engine intake valve breaking, affecting models like the 2021-2022 Broncos, Edge, Explorer, F-150s, Lincoln Aviators, and Lincoln Nautilus.
• 🌎 The U.S. has imposed over 9,000 sanctions globally, leading to actions like seizing airplanes and assets, which may accelerate moves by nations to detach from the U.S. dollar and towards the BRICS nations.
• 📉 The speaker anticipates a significant economic downturn, with 'Black Swan' events like a potential World War III, massive cyber attacks, and a liquidity crisis contributing to this instability.
• 🏠 David Stockman warns of an impending 'mother of all housing bubbles,' pointing to the market value of owner-occupied residential real estate being nearly two times its pre-crisis level.
• 📊 There's a disconnect between reported economic statistics and the realities of increased living costs, such as insurance, utilities, and groceries, which are affecting the average American's wallet.
• 🛍️ The retail sector continues to struggle, with many stores closing down, reflecting a worsening 'retail apocalypse' that has been ongoing for years.
• 💪 'Walking the walk' is emphasized as more than just acquiring survival items; it involves physical training, mental preparedness, and spiritual strength to face potential future challenges.
• ⚖️ The U.S.'s extensive use of sanctions and the weaponization of the dollar are driving other nations to seek alternatives, potentially leading to a devaluation of the dollar and inflation.
• 🏦 The speaker advises individuals to prepare for hard times by not only stocking up on essentials but also by developing skills that cannot be purchased, such as self-defense and crisis management.
• 🙏 Spiritual preparedness is highlighted as crucial in facing the spiritual warfare and evil present in the world, urging individuals to strengthen their faith and moral compass.

Q & A

What is the main issue discussed regarding Ford vehicles?

Ford is recalling over 990,000 vehicles due to the risk of engine intake valves breaking. The affected models include 2021 to 2022 Broncos, Edge, Explorer, F-150s, Lincoln Aviators, and Lincoln Nautilus.

What is the speaker's opinion on the quality of automobiles and other products?

The speaker expresses concern about the declining quality of automobiles, trucks, SUVs, and food, particularly those assembled in 2021 and 2022, suggesting that the quality of life and products is not what it used to be.

Why was Maduro's airplane in the Dominican Republic seized?

The airplane was seized because it was in violation of US sanctions. The speaker mentions that the US has over 9,000 sanctions worldwide, which is one of the reasons why some nations are looking to move away from the US dollar.

What is the significance of the BRICS nations in the context of the video?

The BRICS nations are significant because they represent an alliance of countries looking to detach from the US dollar and US influence, using their own currencies and trading systems without US interference.

What does the speaker suggest about the current state of the US economy?

The speaker suggests that the US economy is facing significant challenges, including inflation, a potential housing bubble, and a disconnect between market data and the reality of people's financial struggles.

What is the 'Black Swan Catalyst' mentioned in the script?

The 'Black Swan Catalyst' refers to an unforeseen event that could significantly impact the economy or markets. The speaker discusses various potential black swan events, including cyber attacks, grid attacks, and the possibility of World War III.

What does the speaker say about the current housing market?

The speaker, referencing David Stockman, suggests that the housing market is in a bubble that is set to burst, which would be historic in scale. They mention that the market value of owner-occupied residential real estate has reached unprecedented levels.

What does the speaker mean by 'walking the walk'?

The speaker means that 'walking the walk' involves not only preparing for potential crises by acquiring supplies and equipment but also developing the skills, physical fitness, and spiritual strength to face challenges head-on.

Why does the speaker believe people should be spiritually prepared?

The speaker believes that spiritual preparation is crucial because there is a lot of evil in the world, and individuals will face spiritual warfare. They emphasize the importance of walking close to God and being prepared for the challenges that may come.

What advice does the speaker give for those who want to be truly prepared?

The speaker advises that to be truly prepared, individuals should not only gather supplies and equipment but also work on improving their physical fitness, learning self-defense skills, and strengthening their spiritual connection.

Outlines

00:00

🚗 Ford's Massive Recall and Quality Concerns

The script discusses Ford's recall of over 990,000 vehicles due to the risk of engine intake valves breaking. The affected models include 2021 to 2022 Broncos, Edge, Explorer, F-150s, Lincoln Aviators, and Lincoln Nautilus. The narrator expresses concern over the declining quality of automobiles, trucks, SUVs, and food, noting a significant number of recalls across various industries. The discussion suggests that the quality of life, as perceived through consumer goods, is diminishing.

05:02

🌎 US Sanctions and the Shift Towards BRICS Nations

The script touches on the seizure of Venezuelan President Nicolas Maduro's airplane in the Dominican Republic due to US sanctions, highlighting the extensive use of sanctions by the United States. It suggests that such actions could accelerate the move away from the US dollar by BRICS nations, who are looking to trade using their own currencies and gold, reducing reliance on the US financial system. The narrator criticizes the US for overusing its power and anticipates a shift towards alternative economic alliances and currencies.

10:04

🏠 The Looming Housing Bubble and Economic Challenges

The script discusses the potential for a significant housing bubble, referencing David Stockman's views on the overvaluation of owner-occupied residential real estate. It compares current market values to pre-crisis levels and historical data, suggesting an impending collapse. The narrator also addresses the broader economic challenges, including commercial real estate issues, high levels of debt, and the impact of job losses on the housing market.

15:04

📉 Economic Indicators and the Disconnect with Reality

The script critiques the reported economic statistics, suggesting a disconnect between official numbers and the actual experiences of individuals. It points out the increasing costs of living, including insurance, utilities, and groceries, and questions the accuracy of economic data in light of these personal financial struggles. The narrator calls for a more realistic assessment of economic conditions and emphasizes the importance of personal preparedness for potential economic downturns.

💪 Walking the Walk: Preparing for Hard Times

The script emphasizes the importance of truly preparing for challenging times, which goes beyond merely acquiring survival gear. It discusses the need for physical, mental, and spiritual readiness, including learning self-defense and being spiritually prepared for potential hardships. The narrator argues that many people focus on the easy aspects of preparation, like buying supplies, but neglect the more difficult tasks of developing skills and facing fears. The message is to take a holistic approach to preparedness, addressing all potential vulnerabilities.

Keywords

💡Recall

A recall in the context of the video refers to the action taken by manufacturers to return products, especially vehicles, due to safety issues or defects. The video discusses Ford's recall of over 990,000 vehicles because of a risk of engine intake valve breaking, which is a significant event indicating a lapse in quality control. This recall is used to highlight broader concerns about the quality of modern automobiles and the potential risks to consumers.

💡Quality

Quality, as mentioned in the video, pertains to the standard or level of excellence of products, such as vehicles and food. The script expresses concern over the perceived decline in quality across various consumer goods, suggesting that items produced in recent years, particularly 2021 and 2022, are not as durable or reliable as they once were.

💡Sanctions

Sanctions are economic or political measures imposed on countries, entities, or individuals to achieve specific objectives, often as a response to undesirable actions. The video discusses U.S. sanctions against Venezuela, including the seizure of President Maduro's airplane, to illustrate the broad reach and impact of such measures. It also critiques the U.S.'s extensive use of sanctions, suggesting it may be contributing to a global shift away from the U.S. dollar.

💡BRICS Nations

BRICS refers to an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa. The video suggests that these nations are seeking to accelerate their move away from the U.S. dollar and U.S. influence due to U.S. policies like sanctions. This move is portrayed as a reaction to perceived U.S. overreach and an attempt to establish alternative economic systems.

💡Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, the purchasing power of currency is falling. The video implies that actions such as sanctions and the potential shift away from the U.S. dollar by BRICS nations could lead to increased inflation in the U.S., as the value of the dollar decreases and the cost of goods rises.

💡Black Swan

A 'Black Swan' event is an unpredictable or rare event that has severe impact on its subject. The video uses the term to describe potential unforeseen crises that could significantly disrupt the economy or global stability, such as a housing collapse, cyber attacks, or even World War III. These events are highlighted as uncertain but potentially catastrophic risks.

💡Housing Bubble

A housing bubble refers to a period of rapid increases in real estate prices followed by a crash. The video discusses the possibility of an impending 'mother of all housing bubbles' bursting, pointing to the inflated market value of owner-occupied residential real estate and comparing it to the conditions before the 2006 housing crash.

💡Economic Statistics

Economic statistics are numerical data that represent certain aspects of an economy, such as GDP, inflation, or unemployment rates. The video questions the accuracy and relevance of reported economic statistics, suggesting that they do not align with the lived experiences of many Americans, particularly regarding the cost of living and the impact of inflation.

💡Walking the Walk

In the video, 'walking the walk' is used metaphorically to describe the act of not just preparing for potential crises with material resources but also committing to a lifestyle that includes physical, mental, and spiritual preparedness. It emphasizes the importance of being proactive and making sacrifices now to be ready for difficult times, rather than just accumulating supplies.

💡Spiritual Warfare

Spiritual warfare, as mentioned in the video, refers to the concept of a battle between good and evil on a spiritual plane. The term is used to encourage viewers to prepare not just materially but also spiritually for the challenges they may face, suggesting that the struggles of life are not just physical but also involve a moral and spiritual dimension.

Highlights

Ford recalls over 990,000 vehicles due to the risk of engine intake valve breaking, affecting models including 2021 to 2022 Broncos, Edge, Explorer, F-150s, Lincoln Aviators, and Lincoln Nautilus.

The quality of automobiles, trucks, SUVs, and food is perceived to be declining, especially those assembled in 2021 and 2022.

The US has over 9,000 sanctions worldwide, leading to seizures of airplanes, yachts, bank accounts, and other assets.

The BRICS nations are accelerating efforts to detach from the US dollar and the US financial system due to US sanctions and power abuses.

The potential for a liquidity crisis, housing crisis, and the rise of the BRICS nations as significant economic challenges to the US dollar.

Markets have already priced in a 25 basis point cut, expecting more rate cuts to stimulate the economy.

Nvidia's earnings report beat expectations but not the whisper numbers, indicating market overvaluation.

Commercial real estate is flagged as a potential Black Swan event due to massive fraud, unreported liabilities, and lack of liquidity.

The possibility of unforeseen Black Swan events such as cyber attacks, grid attacks, or even World War III that could drastically change the world and market dynamics.

David Stockman warns of the 'mother of all housing bubbles', with the market value of owner-occupied residential real estate standing at $46 trillion, nearly double the pre-crisis level.

The US economy was healthier in 1971 with real median family income rising robustly, contrasting with the current economic situation.

The disconnect between reported economic statistics and the reality of living expenses, such as insurance and utility bills, is causing concern among the public.

The importance of 'walking the walk' in preparedness is emphasized, suggesting that many people are not truly prepared for hard times despite buying survival gadgets.

Physical preparedness is crucial, including learning self-defense skills that cannot be bought, only earned through training and practice.

Spiritual preparedness is highlighted as a necessary aspect of 'walking the walk', suggesting that facing evil and chaos requires more than material preparation.

The necessity of addressing weak links in personal preparedness plans is discussed, urging individuals to tie up loose ends before a crisis occurs.

A call to gratitude, reminding viewers to appreciate their blessings and the basics of life, such as food, shelter, and health.

Transcripts

it's Monday September 2nd 2024 thank you

so much for joining me today hope

everybody's having a great Labor Day

weekend uh be safe out there uh have a

good time be careful uh but thanks for

tuning in today please like share

subscribe all that good stuff uh printed

up some articles uh reading some of this

news this morning few things I want to

talk about uh nothing really in order

here feel free to comment Down Below on

any of this Ford recalls over 990,000

vehicles in response to risk of engine

intake valve breaking this on Fox

Business uh engines affected uh 21 to 22

Broncos Edge explore F-150s Lincoln

aviators and Lincoln Nautilus so this is

your 2021s to 2022 what the f is going

on here again another massive recall

from another uh

automaker uh it is unbelievable uh the

quality of automobiles trucks SUVs the

quality of food everything is just

falling apart um especially uh things

that were assembled in 21 and 22 um how

do you feel about this does it matter uh

it just it just blows my mind that so

many vehicles are being recalled so much

food is being recalled and your dollar

just is not buying you the quality of of

automobiles quality of food the quality

of life that it once did and it is

really really shocking to see uh the

size of these recalls and literally

every automaker on the planet uh has had

a recall of some sort but some of these

are really really big Ford's really had

some issues here's one uh from

CNN uh exclusive us Caesar Venezuela

president uh n Nicholas maduro's

airplane in the Dominican Republic uh

why because it was in violation of us

sanctions now remember we have over

9,000 sanctions across the world that we

apply uh to the world over 9,000

sanctions just from the United States of

America uh us uh official said this we

are sending a clear message here that no

one no one is above the law no one is

above the reach of us sanctions I I

think uh and I hate to say this but I

think America thinks it's above the law

and this is another reason another

reminder why you're going to see the

brics Nations accelerate uh why they

want to get off the US dollar why they

want to use their own currencies why

they want to use gold why they want to

trade with one another without any

interference of the US uh dollar or the

US uh sip system they want to get out of

the US system they want to get out of

the US dollar they want to detach from

this entanglement this spiderweb of the

United States of America I hate to say

that but boy we have abused our powers

uh these you know 9,000 plus sanctions

across the world seizing airplanes

seizing Yachts we're doing it all

seizing uh bank accounts seizing other

assets this is why the world despises us

this is why the world is going to go to

the bricks and this is why it's

happening right now right before your

very eyes and it is going to accelerate

faster and faster with more Nations

getting out of the dollar and going to

the brics Nations and this is going to

be extremely inflationary as those

dollars come back to America and as we

begin to see other currencies challenge

the dollar and of course gold playing a

huge role in all this at some point uh

but we're doing this to ourselves it did

not have to be this way the sanctions

the wars uh the weaponization of the US

dollar uh you can expect that the the

brics nations are not going to go away

that that they are going to challenge

the United States here's another one

Black Swan Catalyst and a significant

change in sentiment this was a really

good article on the Hedge and you I

really advise all of you to do your own

homework do your own due diligence pull

these articles up uh I'll just give you

some of the bullet points here no one is

going to get uh cash it says from home

equity refi uh charge uh changing their

mortgage rate from 7% to

6.75% no one's going to see lower credit

card interest rates we talked about that

the other day says here 25 basis point

cut is going to do precisely

nothing uh

to uh to to uh Grease the gears of the

economy uh or to unjam the gears of the

US economy uh think about it the markets

have already pric this 25 basis point

cut in It's Already Done uh the markets

are going to expect and they're going to

need many many more Ray Cuts this is

going to do absolutely nothing uh Market

expectations are so high Nvidia beat its

earnings report but not the whisper

numbers the the numbers that they

thought it would really uh come in at uh

the market is extremely overal uh it

says watch out for commercial real

estate Black Swan right there uh retail

bowing out massive fraud unreported

liabilities and the lack of liquidity

some of the black swans right now that

are flying around uh think about maybe

some sort of incident taking place on us

soil think about the Black Swan of maybe

uh World War III starting uh massive

cyber attacks uh grid attacks these are

all the the possibilities out there now

uh the black swans that are flying

around and of course there's things out

there that we're not even thinking about

right now anything can happen uh

Anything Could Happen you could wake up

tomorrow and all of a sudden a nuclear

weapon was used uh over in Eastern

Europe maybe a nuclear weapon was used

in the Middle East and all of a sudden

the world World changes the world

changes and the markets will respond

very negatively uh to this so with with

what's happening as I just said with the

brics Nations the challenge to the US

dollar uh World War III uh liquidity

crisis commercial real estate housing

crisis there's so many black swans

flying around over your head right now

it it literally make you dizzy who knows

what it's going to be and it could be

more than one and so a good article uh

it goes very very in depth that's just

some of the highlights there if you get

a minute check it out here's another one

uh David Stockman uh the on the mother

of all housing bubbles this also on the

Hedge David Stockman brilliant guy uh as

the bubbles just keep getting bigger

they just keep inflating these bubbles

ladies and gentlemen and we all know

throughout history there has never been

a bubble that hasn't popped this one is

going to pop too and when it does it is

going to be the mother of all bubbles

market value of owner occupied

residential real estate at the present

moment stands at $46 trillion which is

nearly two times uh its pre-crisis level

of $24 trillion in the 4th quarter of

2006 and we saw how that turned out not

too good uh it all it's also eight times

it's level when Greenspan uh took the

helm at the FED uh back in

1987 I mean these numbers are huge it

goes on uh market value of owner

occupied housing as a percentage of GDP

since 1971 second quarter of 1971 it was

at 79% uh second quarter 1987 it was

117% uh 2006 fourth quarter 172% today

in the first quarter of 2024 market

value of owner occupied housing as a

percentage of GDP since 1971 today

175% it says here uh here's the thing

that the US economy it was actually

healthy the US economy was healthy in

1971 uh between 1953 in 1971 real median

family income Rose from 34,000 uh

38,400 to 62,700 a ro robust 2.8% per

year uh it goes on to

say uh with with uh Mr Stockman here in

1971 Mortgage Debt was $325 billion in

2006 it was 33 times that at 11 trillion

and the article goes on uh it's very

informative if you get a few minutes

check it out but I was watching a video

yesterday

uh from some gentleman and he was

telling us all the reasons why we're not

going to have a housing collapse and

then when you read this article with

David Stockman uh and David Stockman I

think is a pretty smart guy pretty

brilliant uh he he's telling you that

we're going to see a historic uh housing

collapse and I truly do believe that

that's that's going to happen uh because

liquidity is dry up it's going to get

much more difficult to buy at home

there's too much debt out there too many

people losing jobs uh it's just going to

get more and more difficult the buyers

are just disappearing and we have more

and more homes coming on the market

people are getting older they're selling

homes all the new construction that's

coming on the market all the multif

family uh and all the job losses so uh

just connect the dots here's another one

from the Hedge the failure of Economics

statistics uh there is a reality it says

around

uh the United States uh restaurants are

struggling bills eating household income

jobs ever lless secure cost soaring for

all Enterprise even the local dollar

stores are hitting Hard Times uh it is

really sad to see how many stores are

closing down I've been making these

videos for years and years ago uh I was

shooting videos on the retail apocalypse

and it just continues to get worse you

know people just uh will say that I've

been you know saying oh things are going

to collapse for The Last 5 Years they

have been collapsing Where Have You Been

they have been collapsing uh for the

past five years we started with the

retail apocalypse what four five six

years ago and it just continues to go on

and on and on uh now look at inflation

look at what your dollar is buying right

now look at how people are struggling

look what they're paying for health

insurance car insurance home insurance

is your life better now than it was five

or six or seven years ago maybe it is I

hope it is but for the average American

for for the majority of this country it

is not better in fact it is worse people

are having on average to spend $1,000

more a month uh to just live the same

life they were living for years ago so

uh it is definitely affecting people's

uh wallets that's for sure the

statistics uh that are being reported

and I think we can all vouch for this

the the the statistics the numbers that

we're getting every day on the

television do not seem to correlate with

reality it doesn't seem to correlate the

the numbers I'm seeing at the grocery

store or or or the numbers with what I'm

paying for auto insurance this now now

my auto insurance has been hiked twice

I'm sure many of you uh can relate to

property insurance uh going up your HOAs

are going up how about utility bills

we've seen the highest utility bills

ever out here uh ever so this is really

pinching people people have to they have

to give something up in order to just

pay their utility bills now to put gas

in the car just to get to work and

that's if they have a job but the

numbers we're getting are completely

disconnected from reality what are your

thoughts on that uh do you do you

believe the numbers that we're getting

on the television versus the numbers

that you know you're when you're paying

your bills and you're sitting down

paying your your utilities when you're

paying that you know 25% on the credit

card when you're paying your health

insurance your auto insurance uh when

you're paying for your kids' Child Care

going to the grocery store uh does this

seem a little disconnected uh from the

television because it does to me the

market data is not reality it is not

reality so just a a few things I I

wanted to share there also another thing

too A lot of people have been talking

about walking the walk and um I think

it's uh extremely important now to make

uh this a lifestyle there's a lot of

people out there that you know they can

have the foods the generators all the

gadgets they can have the little gas

stoves they can have all the little toys

and gadgets and a lot those people think

they're walking the walk because they

bought something but they're really not

walking the walk because they're not

really living the lifestyle so you know

what is really walking the walk and I

wanted to um I was talking to a good

friend of mine today about this and you

know to me what is to me what is walking

the walk is doing what others are not

doing what others will not do and some

of the things you have to do now are

painful and they take sacrifice they

take time uh take sweat uh it takes

dedication it takes structure and a lot

of people are not dedicated they don't

have the structure they don't want to

feel uncomfortable right now so they're

not really walking the walk um you got

to be preparing for Hard Times uh you

got to be preparing for painful things

and you got to be preparing for scary

things and a lot of people will not do

that because they're scared they don't

want to do that now it's easy to go out

and buy all the little gadgets it's it's

easy to go buy the toys it's easy to say

like oh you know I'm a prepper I'm this

I've got you know a year of food and

that's all good and we should all be

doing that I don't

disagree but you're not truly walking

the walk if you have weak links in your

game and you're not doing anything about

it if you don't have the ability to

protect yourself you are not walking the

walk everyone wants to do the easy stuff

but they don't want to do the hard stuff

they don't want to put the work in they

don't want to face their fears you know

I believe truly that you you got to be

able to know how to physically protect

yourself you need to be getting in shape

but not just in shape you need to make

sure that your body can defend itself

jiujitsu wrestling uh mutai uh boxing

whatever you need to be learning skills

right now you cannot buy this stuff

ladies and gentlemen see that's the

thing people can go buy the gadgets but

they can't buy the skills

uh and a lot of people they're scared

because they feel that this is going to

be painful and uncomfortable but my

question is if it's painful and

uncomfortable right now what's going to

happen when the lights go out what

happens when you have to face violence

and Chaos you will Resort back to your

training your training is you don't have

any so you will Resort back to not

having training which uh definitely does

not put the odds in your favor and I'm

all about putting the odds in your favor

mentally physically spiritually and

financially and that's another thing too

when we talk about walking the walk a

lot of people again buying the gadgets

buying the foods buying the generators

all good stuff and we should be doing

that but you got to be spiritually

prepared too walking the walk isn't just

about having you know uh 6 months or 12

months a food supply a pocket knife some

batteries some candles uh and a

generator that's all wonderful but you

better be walking close to God I think

most of you now can see that there's a

lot evil out there this is spiritual

warfare and you need to be preparing

spiritually for this Warfare you're

going to be facing evil evil is here

ladies and gentlemen you will be facing

it and if you don't believe that then

you're not really walking the walk

you're not really prepared so go buy the

foods go buy the water buy the bugout

bags buy the generators buy the

flashlights buy all that stuff that is

100% true we all need to be doing that

but you better get your spirit in shape

you better get your body in shape you

better get your mind in shape and you

better know how to take care of yourself

and if you know that in your

preparations you have weaknesses weak

links you better tie them up you better

take care of those weak links right now

and if you're not doing that you're not

walking the walk I'm going to leave it

there today please comment Down Below

have a wonderful Labor Day weekend God

bless all of you and make sure you thank

God for all of your blessing blessings

your family your friends you're eating

today you have a bed to sleep on a roof

over your head running water um and

you're healthy uh we have a lot to be

thankful for so I'm going to leave it

there today God bless every one of you

please like share subscribe and as

always I look forward to speaking to

each and every one of you God Bless

America take care