ALERT⚠️A BLACK SWAN EVENT WILL CRIPPLE THE US ECONOMY - THE MOTHER OF ALL HOUSING BUBBLES IS HERE
Summary
TLDRIn 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
🚗 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.
🌎 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.
🏠 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.
📉 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.
Mindmap
Keywords
💡Recall
💡Quality
💡Sanctions
💡BRICS Nations
💡Inflation
💡Black Swan
💡Housing Bubble
💡Economic Statistics
💡Walking the Walk
💡Spiritual Warfare
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
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