WHAT THE FU*K HAPPENED TO THE RV INDUSTRY? - DEALS ARE COMING ON RV'S, CARS, BOATS, ATVS AND HOUSES

Summary

In this video, the host discusses the current economic climate, noting the Dow Jones' all-time high amidst other market downturns. He highlights job losses in major companies and a shift towards cheaper food options as signs of a potential recession or depression. The host also addresses the rising prices of gold and oil, the latter influenced by Middle East tensions. He warns of an impending economic collapse, comparing the current situation to the 1920s and suggesting that people should prepare by investing in real assets like gold and silver. The video concludes with a call to action for personal preparedness in the face of escalating global uncertainties.

Takeaways

• 📈 The Dow Jones closed at an all-time high, while the NASDAQ and other markets were down, indicating mixed performance in the stock market.
• 📊 Gold and silver prices increased, with gold reaching what is believed to be an all-time high, reflecting a potential shift towards safe-haven assets.
• 🛢 Oil prices surged over $2, reaching over $77 a barrel, possibly due to escalating tensions and conflicts in the Middle East.
• 🏭 Major layoffs at companies like CarMax and closures of restaurant chains like Red Lobster and White Castle suggest an economic downturn or recession.
• 🍖 Increased sausage demand is highlighted as a worrying signal for the economy, as consumers opt for cheaper protein sources, indicating financial strain.
• 🚌 RV and automotive industries are experiencing significant revenue declines and sluggish sales, with some dealerships offering discounts up to 55%.
• 💵 The speaker suggests that the US economy may be entering a depression, with wage and wealth disparity, and compares the current situation to the 1920s and the subsequent Great Depression.
• 🌐 Chinese Yuan surpassing the US dollar in payments signifies a shift in global currency dominance and the rise of new financial systems.
• 💼 The speaker emphasizes the importance of holding real assets like gold and silver as insurance against economic instability and potential hyperinflation.
• 🏡 There is a potential for social unrest post-election, with the fear that neither side will accept the outcome, leading to chaos.
• 🛡 The speaker advises taking personal responsibility and preparing for tough times ahead by getting in shape mentally, physically, spiritually, and financially.

Q & A

What was the closing status of the Dow Jones on the day the video was recorded?

The Dow Jones closed up 65 points to close at an all-time high.

How did the NASDAQ perform on the day mentioned in the video?

The NASDAQ was down 152 points.

What was the price of gold on the day the video was recorded?

Gold was up another $8, trading at $2,554 per ounce, which is believed to be an all-time high.

What was the price of silver and its change on the day discussed in the video?

Silver was up by 11 cents, hovering around 30 an ounce.

What was the price of oil and its change on the day the video was recorded?

Oil was up over $2, trading at more than $77 a barrel, with a significant increase of about 2.5%.

What economic indicators does the speaker mention that suggest a downturn in the economy?

The speaker mentions layoffs at CarMax, restaurant closures, and a decrease in RV sales as indicators of a downturn in the economy.

What does the speaker suggest about the current state of the economy in comparison to historical economic periods?

The speaker suggests that the current economy is in a depression, comparing it to the conditions of the 1920s leading up to the Great Depression and the 2008 financial crisis.

What is the speaker's opinion on the future of the US dollar and gold in the event of a global conflict?

The speaker believes that if the US enters a global conflict, it may default on its debt, which could lead to a devaluation of the US dollar and a rise in the value of gold and silver.

What advice does the speaker give regarding personal preparedness for potential economic and social unrest?

The speaker advises getting in shape mentally, physically, spiritually, and financially, and taking action to prepare for tough times, including holding real assets like gold and silver.

What does the speaker say about the current state of the housing market and the RV industry?

The speaker indicates that the housing market and RV industry are experiencing significant declines, with RV dealerships offering discounts up to 55% and shipments of RVs being below a 16-year average.

What does the speaker predict about the use of the US dollar in international transactions?

The speaker predicts that the use of the US dollar in international transactions will decrease, as more countries, particularly developing ones, are turning to other currencies like the Chinese Yuan and the Russian Ruble.

Outlines

00:00

📈 Market Volatility and Economic Concerns

The video script opens by discussing the state of financial markets on August 26, 2024, with the Dow Jones closing at an all-time high despite other markets being down. The speaker highlights the increase in gold and oil prices, attributing the latter to geopolitical tensions in the Middle East. The script then shifts to discuss economic indicators suggesting a recession or depression, evidenced by layoffs at CarMax and closures of restaurants and distribution plants. The increase in demand for cheaper food like sausages is presented as a worrying signal of economic downturn. The speaker also mentions a significant discount in RV sales, hinting at a broader economic decline.

05:04

🚨 Economic Downturn and the Impact on Industries

This paragraph delves into the potential consequences of an economic downturn, focusing on the RV industry's struggle to sell inventory despite significant discounts. The speaker questions the sustainability of various businesses in the face of such challenges and draws parallels to the 1920s, suggesting a possible combination of the 2008 crisis and the Great Depression. The summary of historical events post-1920, including stock market collapses and debt defaults, is used to predict future economic hardships. The speaker also warns of potential social unrest and the persecution of the wealthy, reflecting current societal trends.

10:05

🛡 Preparing for Economic and Social Unrest

The speaker expresses concern over the potential for social unrest following the upcoming election, citing Martin Armstrong's prediction of chaos if neither side accepts the outcome. The focus then moves to the rising prices of gold and silver as a hedge against US debt fears. The speaker advocates for owning tangible assets and real money as a form of protection against economic instability. The paragraph also touches on the decline of the US dollar as Chinese Yuan becomes a more commonly used currency, particularly in Russia and other emerging markets, signaling a shift in global economic power.

15:08

🌐 Global Economic Shifts and Personal Preparedness

In the final paragraph, the speaker emphasizes the importance of personal preparedness for the impending economic and social changes. They discuss the rapid accumulation of national debt and the potential for a default on US debt in the event of a world war, which could lead to a devaluation of the dollar. The speaker also addresses the false sense of security that some people have, particularly those living in gated communities, and warns of the potential for crime and chaos in desperate times. The call to action includes getting in shape mentally, physically, spiritually, and financially, and not relying solely on the government or neighbors for safety.

Keywords

💡Dow Jones

The Dow Jones Industrial Average is a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States. In the video, it is mentioned that the Dow Jones closed up 65 points, reaching an all-time high, which indicates a positive market trend despite other market indicators being down.

💡NASDAQ

NASDAQ is an American stock exchange known for listing technology and biotechnology companies. The script notes that NASDAQ was down 152 points, suggesting a negative performance in contrast to the Dow Jones, highlighting the mixed signals in the financial markets.

💡Gold

Gold is a precious metal often considered a safe-haven investment during times of economic uncertainty. The video mentions gold being up $8, reaching $2,554, which is stated as an all-time high, indicating a trend of investors seeking safety in gold amidst market volatility.

💡Silver

Silver, like gold, is a precious metal and is also used as an investment and a store of value. The script mentions silver prices hovering around 30 an ounce, up 11 cents, showing a slight increase which could be related to the overall trend of investors moving towards precious metals.

💡Oil

Oil is a commodity and a major global energy source. The video discusses oil prices increasing over $2 to more than $77 a barrel, a 2.5% increase, which is attributed to geopolitical tensions and escalating conflicts in the Middle East, affecting the global energy market.

💡Recession

A recession is a period of negative economic growth that lasts for at least two consecutive quarters. The script suggests that despite denial from various sectors, the economy may be in a recession or even a depression, as evidenced by layoffs and business closures mentioned in the video.

💡Depression

An economic depression is a severe and prolonged downturn in economic activity. The video script uses the term to emphasize a potential worse-case scenario for the economy, suggesting that the current situation could be more severe than a typical recession.

💡Inflation

Inflation refers to 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 discusses inflation as a contributing factor to the economic challenges faced by consumers, leading to increased costs for basic necessities like food.

💡RV (Recreational Vehicle)

An RV, or recreational vehicle, is a motor vehicle designed for travel and providing temporary living accommodations. The script mentions an RV dealership offering discounts of up to 55%, indicating a downturn in the RV market, which could be a sign of broader economic issues.

💡Yuan

The Yuan, also known as the Renminbi, is the official currency of China. The video notes that payments in Chinese Yuan have surpassed the US dollar in some contexts, suggesting a shift in global currency dominance and the growing influence of China's economy.

💡Hyperinflation

Hyperinflation is an extremely high rate of inflation, typically characterized by a rapid and continuous rise in prices. The video script suggests the possibility of hyperinflation as a consequence of government actions, leading to a devaluation of currency and an inability to purchase goods.

Highlights

Dow Jones closed at an all-time high, while other markets like NASDAQ were down.

Gold reached an all-time high of $2,554, and silver increased to about $30 an ounce.

Oil prices experienced a significant jump, surpassing $77 a barrel due to Middle East tensions.

CarMax laid off over 400 employees, indicating economic struggles despite official denial of a recession.

Red Lobster and other chains like White Castle and KFC are closing locations, reflecting economic downturn.

Increased sausage demand may signal economic hardship as consumers opt for cheaper protein sources.

High-quality food has become nearly unattainable for most due to soaring prices.

RV dealerships are offering discounts of up to 55% as sales slump and inventory piles up.

The RV industry is seeing significant revenue declines and below-average shipments.

Comparisons are drawn between the current economy and that of the 1920s, with similarities in wage disparity and energy consumption growth.

Predictions of a potential stock market collapse, drops in home prices, and debt defaults are discussed.

The possibility of hyperinflation and the persecution of wealthy individuals is considered.

Concerns about the potential for social unrest following the upcoming election are raised.

Gold prices are attributed to fear of US debt rather than inflation, with a call to own real assets as protection.

The Chinese Yuan surpassing the US dollar in payments signifies a shift in global currency use.

The US is accumulating debt at an unprecedented rate, raising concerns about its long-term economic stability.

A warning against complacency and denial about the severity of the current economic situation.

The importance of personal preparedness for potential economic and social upheaval is emphasized.

Transcripts

it is Monday August 26

2024 uh thanks for tuning in today I'm

just going to get right into uh today's

video uh a lot happening uh markets

closed a few hours ago Dow Jones closed

up 65 points to close at an all-time

high everything else was down NASDAQ was

down 152 uh gold up another $8 today at

2,554 I believe that is an all-time high

silver up uh 11 cents hovering right

about 30 an ounce uh oil uh up uh over

$2 today it is over $77 a barrel so we

saw a big jump there about a 2 and a

half% increase in oil as tensions uh and

Rockets uh and missiles are flying over

in the Middle East uh so things are

escalating so uh we could see oil

breaking $8 a barrel any day now uh

couple interesting articles

here uh Gand based

CarMax lays off more than 400 employees

in recent weeks so as we still cannot

admit to ourselves that this economy is

in a recession I think it's in a

depression but uh the people on the

television the economists the analysts

the host the anchors uh the people

working at the banks the people working

uh down at the stock market no no body

can admit that we're at least in a

recession at this point but then you see

articles like this and we talk about

this every day and this is old news but

uh you know another 400 employees laid

off at Carmax Red Lobster closing

another Ohio restaurant and 22 others

within days uh White Castle closing its

Covington distribution plant KFC closing

25 locations in the midwest uh increased

sausage demand this today on CNBC

increased sausage demand could be

worrying signal for the economy Shoppers

are opting for cheaper products sausage

is a good source of protein it's a good

substitute for uh protein it's cheaper

than steak I mean you look at what even

hamburger prices today chicken prices

and if you want good high quality meat

fish chicken it is absolutely Gone

Bananas absolutely bananas if you want a

good quality uh small ranch raised piece

of meat $25 $27 all day for New York and

I'm not talking about the stuff at

Costco I'm talking about you know stuff

at some of the higher-end uh grocers

that you know are buying stuff from

private ranches where you know it

doesn't have um the Pharmaceuticals

doesn't have the steroids it's uh much

more natural I mean high quality food is

almost Untouchable at this point for

most people uh again we still cannot

admit that we're in

recession um when will we at that point

uh you know that we we'll be in a

full-blown depression but uh consumers

at this point are trading down they're

buying cheaper Foods they're buying uh

you know protein substitutes and

unfortunately a lot of people really at

this point don't even have a choice

they're buying just the cheapest food

possible load it with fillers chemicals

uh and just some of the lowest quality

food that you know you eat this stuff

long enough you're going to pay a price

down the road your kids will pay a price

and this is unfortunate people don't

have a choice uh they're going to eat

what they can afford to eat no matter

what's in the food and no matter how bad

it is for you uh or the kids uh here's

one from the Hedge today RV downturns

apocalyptic with largest dealership

offering

55%

discounts uh if you get a few minutes

read these articles do a little homework

work do your due diligence don't take my

word for it the RV bus has now persisted

beyond the 2-year Market says lazy days

an RV dealership with over two dozen

locations nationwide the world's largest

they have reported significant Revenue

declines and sluggish sales they are now

discounting uh some of their RVs at

55% we're going to see a lot more of

this and it's just not going to be in

RVs it's happening in

boats uh off-road vehicles uh you're

going to see uh more discounts in Autos

you're going to see it happening in the

housing market you're already watching

the

apocalyptic um crash of commercial real

estate uh this is just the beginning

ladies and gentlemen could you imagine

what this is going to look like 12

months from now uh these dealer lots are

loaded with RVs lazy days

shares uh down

75% on the year uh across the industry

shipments of RVs are below a 16-year

average for this time of year that is

absolutely a a a substantial number

right there

16% uh and look all you have to do is

drive by one of these RV lots a car lot

truck lot uh I we don't have many boat

Lots out here being in the desert but

I'm sure if you drove by some of the the

uh boat Lots they're probably inundated

with boats but I can tell you what we

have couple RV dealerships out here I've

never seen so much inventory they cannot

get rid of these things

so uh I don't know uh how many of these

places will be in business uh a year

from now two years from now I have no

idea it seems like a very very difficult

business to be in who is buying you know

100,000 half million million dollar RVs

at this point especially where rates are

um and look they they're going to cut

rates at some point do you really think

it's going to help these industries no

because now people are losing jobs

inflation is not going down in fact it's

going to go up it's going to be more

difficult now uh to keep your standard

of living how many people are thinking

about buying a $100,000 camper or a half

million dollar motor home not very many

are we headed for another Great

Depression question mark this on the

Hedge

today uh today's economy it says is like

that of the 1920s and I I completely

agree I think this is going to be a

combination of 2008 a a and the Great

Depression I I I think we're going to

see a lot of similarities uh great wage

and great wealth disparity that's what

we saw back in in the

1920s and that's what we're seeing right

now recent energy consumption growth has

been low just as it was in the 1920s and

it relates to a a few other uh things

that are very very similar but at the

end of the day what does it all

mean what what does

history uh say uh since

1920 uh about what's

ahead well it list in the article stock

market collapse we're just going back

you know since 1920 what history says

lies ahead stock market collapse drops

in home prices farms and other assets

debt

defaults uh of banks personal

pension

plans um insurance companies and many

individuals owning bonds look for major

debt defaults ladies and gentlemen if a

government

survives just going back through history

if a government survives it may try to

issue much more debt-based money to try

to raise prices this will not be honored

by other countries this results in hyper

inflation and still no Goods to buy it

says it also goes on to say what what

what else do we see persecution of

wealthy people who will be blamed for

society's problems I could see that

right now boy they are really going

after the billionaires they want to tax

them uh they they want to hit him with

these massive capital gains um I mean

basically they're just saying your

number one enemy is a billionaire you

know you know the people that start

companies take big risk employ people

all that I'm not saying that they're all

perfect that there's not crony

capitalism going on of course there is

but they're always going to pick

somebody out to blame and now it's going

to be the billionaires it's going to be

the wealthy people just like it was back

in the day and of course uh what do this

all lead to at the end of the day more

war just like we saw uh after the um 29

crash we Ed up going into World War II

right so It All Leads to war and so uh

unfortunately many people will be

sending their kids to another one of

these meaningless Wars and we can you

know we can blame somebody else on the

destruction of our economy yet we won't

take respon our own responsibility uh

for overspending reckless spending um

nobody is slowing down any amount of

spending in this country we keep sending

money and weapons and missiles and

drones uh all over the world promoting

more war until we get ourselves into a

world war that we're not going to do

very well

we are bankrupt we're running out of

Munitions we're running out uh of of

strategic

um equipment we don't even have enough

people in the Navy to run our ships at

this point and who in the world would

join the military knowing all this and

at this point we don't even know who's

even running the country why would you

join the military chances are whoever is

running the country they're going to

have you in a very very ugly war and

then you know when you lose your legs

your arms you come back and you just

wonder what was it all

for we're looking at serious social

unrest regardless who wins uh the

election Martin Armstrong uh fears

postelection chaos uh this on the Hedge

today uh he says here neither side uh is

going to accept the outcome what do you

think about that what do you think about

that do you think that there is a

serious chance of social unrest

after the election if you do please

comment down below how are you how are

you preparing for this are you doing

anything or are you just going to wing

it and just hope for the best uh or just

believe because you live in a gated

community like this that you're going to

be safe um many many people just think

that everything will just go back to

normal uh you know on the morning uh

after I don't know uh I think that there

is a very high likelihood that Martin

Armstrong may be very very right uh he

says gold is at $2500 do it isn't about

inflation he says it's about fear of US

debt and I'll tell you uh when you see

the amount what is it aund uh a trillion

dollars every hundred days that we we

are uh acquiring in debt every hundred

days we're adding another trillion

dollars to debt if that's not if that's

not a good enough reason why you need to

be owning some gold and silver I don't

know what it is if you need help with

that go to my link down below SD bullan

uh this is not not Financial advice uh

this is just something this is life

advice that I would tell somebody in my

family my circle of friends you need to

be holding real money you need to be

holding real assets you need to be

holding some type of insurance to

protect yourself SD buoyant link down

below check them out if you need gold or

silver been a fantastic company I've

been dealing with for seven years now um

Martin Armstrong says if we get into a

World War we will default on our debt

and what do you think is going to happen

to Gold and Silver and what do you think

will happen to the US dollar at that

point look if you believe that

everything is going to be fine you

believe the dollar is not going to come

under any pressure uh any default any

challenge by the bricks Nations um then

you know keep doing what you're doing I

think that the dollar is on borrow time

I think that if America isn't careful

we're on borrow time um you got to

protect yourself the best that you can

nothing can stop what's coming there's

no way you can prepare for everything

but you got to do something you've got

to take some type of action to be

preparing for very very tough times

physical Financial spiritual um you got

to be preparing for this stuff uh here's

another one today bricks payments in

Chinese Yuan surpasses the US dollar by

two and a

half% uh this is now uh the most used

currency in Russia the majority it says

of developing countries are now paying

um with the Yuan and Russian Ruble for

transactions with

Russia Russia's economy is booming the

ruble is going up the dollar is going

down uh the future now is going to be

all these uh new Emerging Markets it's

going to be China it's going to be

Russia it's going to be the new uh

Financial system it's going to be

payments and other currencies Saudi

Arabia taking you on and other other

currencies the new sip system uh we're

going to be left holding this massive

bag of debt l and gentlemen this bag of

us worthless dollars uh Monopoly money

and people are going to wake up one day

and go what just happened and I guess

they just don't believe anything can uh

bad can happen to the United States of

America but they never went through the

Great Depression but this is much worse

because the the debt now I I mean we've

acquired more debt in 10 years than than

in 250 years of our history it took 10

years to outpace the debt of what it

took 250 years to run it up to 10

years so

if you believe everything's okay God

bless you keep drinking the Kool-Aid I

think we're in big big trouble and if

you think we're in trouble also then you

need to be taking some type of action

and I I think the first thing we could

we all have to do before anything before

you can fix anything before you can take

any action is you have to admit that

there's a problem things are broken too

many people are in denial they don't

want to put down the baseball games the

football games they don't want their

life to change it doesn't matter their

life is going to change no matter what

their bubble is going to burst whether

they like it or not whether you live in

Mayberry or Los Angeles or Chicago it's

all going to burst so I know a lot of

people think that well where I live you

know prices will never go down where I

live crime will never get bad in our

gated community we have security that

drives around every hour so we're safe

these people have a very very false

sense of is security if you think you're

safe because you live in a gated

community you have a very very false

sense of security some of the highest

crime out here as far as uh burglaries

and robberies is Eng gated communities

um when things get really really bad uh

you know if they think if if people that

are hungry and starving think that you

have more than them they're hopping

right over you know the 9 foot wall uh

with no problem because they think that

maybe you have something maybe you have

food maybe you have water maybe you have

maybe they want your shelter who knows

um we are heading into something that

nobody really knows what it is or how

bad it's going to be because we've never

gone through anything like this this

isn't going to be the Great Depression

of your grandparents generation uh back

then people helped one another now I I

mean people will take your life for your

Sho strings okay uh so we're living in a

whole different time do not rely on the

system to save you do do not rely on

your neighbors to save you uh your

neighbors uh may be your worst enemy if

they know that you have food and water

you better have a way to protect all

this stuff so a lot happening things are

are erupting now in the Middle East a

lot of things happening over there so we

don't know from dayto day what we're

going to wake up to what happens when

something happens here a major grid goes

down a a a a evil act takes place on us

soil we are a very soft Nation we've

gotten very lazy very comfortable very

soft uh we are certainly not our

grandparents that is for sure um all all

that would happen is the two grocery

stores in your area shut down your

Costco shuts down your Walmart shuts

down it is game over for people you're

living in a whole another world you're

going to see uh chaos explode within

probably 48 Hours uh because people are

going to be absolutely out of their

minds they they're going to be chaotic

because they don't have a plan they

don't have something to fall back on um

if the ATM shut down it if the system

shuts down people can't use those

plastic cards people are running now uh

you have millions of people in this

country now that are completely 100%

dependent on credit cards if that store

cannot accept a credit card not an ATM a

credit card these people are

done get yourself in shape mentally

physically spiritually and financially

get awake be reading about this stuff

take action be preparing you owe it to

yourself

your family your kids do not be a

Sitting Duck ladies and gentlemen uh

things are happening right now and when

you just look at the amount of people at

the food lines the amount of people on

food stamps the amount of people

dependent on on the government uh for

for a place to live to eat uh just to

survive uh we're talking about tens of

millions of people and then on top of

that we have tens of millions of people

who have come over to this country who

need food who need medical care who need

jobs who need a place to live how is

this all going to be sustainable please

answer me that comment down below I'm

going to leave it there today God bless

every one of you thanks for tuning in uh

thanks for all the prayers thanks for

all the great letters uh I went to the

po. Box last week uh my buddy James in

the UK thank you so much I want to thank

everybody out there for all the thoughts

all the prayers um all the letters

everything God bless every one of you

none of this is possible without you

keep walking close to God keep saying

your prayers thank God for another day

life thank God for everything you have

your family your friends and that you're

awake thank God you're awake and you see

what's going on because if you didn't

you would not be preparing take care God

bless