🚨THERE IS NO GOING BACK THE DAMAGE IS DONE - SUBWAY SANDWICH EMERGENCY MEETING

Summary

In this video, the host discusses the current economic situation, highlighting the market's dependency on rate cuts despite positive indicators like the Dow Jones and NASDAQ's rise. He questions the Federal Reserve's decision to cut rates when markets are thriving, suggesting it's driven by manipulated data. The host also addresses the struggles of fast-food chains like Subway, the closure of San Francisco's last Denny's, and the surge in household debt. He warns of the potential for societal collapse, urging viewers to prepare for emergencies and questioning if America's cities can recover from their current state of crisis.

Takeaways

• 📅 The video was recorded on Thursday, August 15th, 2024.
• 🌤 The speaker is in Palm Desert, California, enjoying clear blue skies and a slight drop in heat.
• 📈 Financial markets are experiencing an uptick with the Dow Jones up 594 points, NASDAQ up 401 points, and precious metals also rising.
• 🤔 The speaker questions the Federal Reserve's need to cut rates when markets are performing well, suggesting the markets are dependent on rate cuts rather than economic health.
• 🚗 A personal anecdote is shared about a friend, Jack Morgan, who had his car totaled by an uninsured driver, highlighting the challenges faced by newcomers to America.
• 📺 There's an upcoming collaboration between the speaker and Jack Morgan to create content about the situation in Los Angeles, including retail closures, homelessness, and crime.
• 🛒 Retail sales data has been revised upward, showing a significant increase, but the speaker expresses skepticism about the accuracy of such manipulated data.
• 🍔 Subway is facing financial trouble, potentially becoming a casualty in the fast-food value wars, as consumers seek affordable meals.
• 🏚 San Francisco has lost its last Denny's restaurant due to dine-and-dash incidents, reflecting a broader societal issue.
• 💡 Surging electricity costs are adding financial strain to American households, with many struggling to pay their bills.
• 🏢 Multiple companies have announced layoffs, contributing to a challenging consumer environment and rising household debt.
• 🏠 Home builder and buyer sentiment are at record lows, with sales and traffic falling to new low points, indicating a struggling housing market.

Q & A

What is the current date mentioned in the video script?

The current date mentioned in the video script is Thursday, August 15th, 2024.

What is the weather like in Palm Desert, California, according to the script?

The weather in Palm Desert, California, is described as beautiful with crystal blue skies, no clouds, and the heat has come down a bit from the previous month's extreme temperatures.

What is the speaker's opinion on the Federal Reserve's decision to cut rates?

The speaker is critical of the Federal Reserve's decision to cut rates, questioning why it is necessary when markets are performing well, and suggesting that the markets are dependent on rate cuts rather than economic health.

What economic indicators are mentioned as being up in the script?

The economic indicators mentioned as being up include the Dow Jones, NASDAQ, gold, silver, and the 10-year bond yield.

Who is Jack Morgan and why is he mentioned in the script?

Jack Morgan is a friend of the speaker and a content creator with a channel on the Real Liberty Project (rlp). He is mentioned because he had a car accident with a driver from Haiti, which he discussed in a video.

What is the planned collaboration between the speaker and Jack Morgan?

The speaker and Jack Morgan are planning to meet in Los Angeles in the mid to end of September to shoot videos about the current situation in the city, including the number of closed retailers, the homeless crisis, and crime.

What is the significance of the retail sales data mentioned in the script?

The retail sales data is significant because it shows a 1% month-over-month increase, which is the largest rise since January 2023. However, the speaker suggests that this data is likely to be revised downward in the future, indicating potential manipulation.

What challenges is Subway facing according to the script?

Subway is facing an emergency situation with its franchises due to the fast-food value wars, and there is a possibility that it could be a casualty in this competitive market.

Why did San Francisco's only Denny's restaurant close down?

San Francisco's only Denny's restaurant closed down due to dine-and-dash incidents, where people eat and leave without paying their bills.

What is the speaker's view on the current state of the economy and the potential future?

The speaker believes that the economy is in a dire state and that things are likely to get worse, regardless of who is elected president. They suggest that the country is extremely divided and that it will take a collective effort to resolve the issues, which they do not see happening in the near future.

What advice does the speaker give to viewers regarding the potential worsening of the situation?

The speaker advises viewers to prepare for all possible emergencies, including natural disasters, grid failures, and cyber attacks, by ensuring they are mentally, spiritually, and financially prepared.

Outlines

00:00

📈 Stock Market and Economic Concerns

The speaker begins by greeting the audience and encouraging engagement with the video. They report on the pleasant weather in Palm Desert, California, before transitioning to discuss the stock market's performance, with the Dow Jones and NASDAQ showing significant gains. The speaker expresses confusion and concern over the Federal Reserve's potential rate cuts, given the market's upward trend. They argue that markets are overly reliant on cheap money and rate cuts, rather than focusing on broader economic health. The speaker also mentions a car accident involving their friend Jack Morgan, whose channel they promote, and hints at an upcoming collaboration in Los Angeles to discuss the city's social and economic issues.

05:01

🍔 Fast Food Struggles and Economic Downturn

This paragraph delves into the challenges faced by fast food chains like Subway, which is reportedly holding emergency meetings due to financial struggles. The speaker reflects on the changing affordability of fast food and the declining quality of meals over the years. They predict Subway's potential downfall and discuss the broader implications of economic hardship on businesses, citing the closure of San Francisco's last Denny's restaurant due to dine-and-dash incidents. The speaker warns of a potential societal collapse, emphasizing the importance of personal preparedness for worsening conditions.

10:02

💸 Rising Debt and Economic Indicators

The speaker addresses the surge in American household debt, driven by credit card and auto loan delinquencies, which they argue are symptomatic of a larger economic problem. They discuss the impact of rising electricity costs on households, sharing personal anecdotes of record-high bills and the desperate measures people are taking to cope, such as pawning possessions. The paragraph also covers recent layoffs in major companies and the decline in home builder and buyer sentiment, painting a bleak picture of the economy's health. The speaker questions whether the current state of affairs is reversible and emphasizes the need for personal preparedness for potential crises.

15:02

🚨 Societal and Economic Collapse Warnings

In the final paragraph, the speaker warns of an impending societal and economic collapse, highlighting the visible signs of decay in major American cities like Los Angeles and San Francisco. They discuss the growing homelessness, the impact of commercial real estate collapses, and the seemingly insurmountable challenges of cleaning up and restoring order. The speaker calls for personal preparedness for emergencies, including natural disasters, cyber attacks, and other catastrophes that could exacerbate existing issues. They conclude by urging viewers to take action, prepare for the worst, and not to rely solely on hope or divine intervention.

Keywords

💡Dow Jones

The Dow Jones Industrial Average, often referred to as the 'Dow Jones,' 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 as being up 594 points, indicating a positive trend in the stock market, which the speaker finds perplexing given the broader economic concerns discussed.

💡NASDAQ

NASDAQ is an abbreviation for the National Association of Securities Dealers Automated Quotations. It is a major American stock exchange known for listing technology and biotechnology companies. The speaker mentions NASDAQ being up 401 points, suggesting a general upswing in the market that contrasts with the underlying economic issues.

💡Gold

Gold is a precious metal that is often viewed as a safe-haven investment during times of economic uncertainty. The script mentions gold being up $15, which could imply investor confidence or a shift towards safer assets despite the stock market's rise.

💡Silver

Silver, like gold, is a precious metal and is also considered an investment commodity. The script notes that silver is up a dollar, which may reflect market trends similar to those of gold, indicating a potential preference for tangible assets over other investments.

💡10-year bond yield

The 10-year bond yield refers to the return on investment for a 10-year government bond. A rise in the yield, as mentioned in the script (up 3.92%), can affect the economy and investment decisions, often indicating changes in interest rates or economic expectations.

💡FED

The Federal Reserve, or 'the FED,' is the central banking system of the United States. It plays a crucial role in setting monetary policy, including interest rates. The speaker questions the FED's decision to cut rates when the markets are performing well, suggesting a disconnect between the FED's actions and the perceived health of the economy.

💡Rate Cuts

A rate cut refers to a reduction in interest rates by a central bank, often done to stimulate economic growth. The script discusses how markets are pricing in multiple rate cuts, indicating an expectation of easier monetary policy, which the speaker views as problematic due to the market's dependency on such measures.

💡Economy

The economy encompasses all economic activities of a region, including production, consumption, and trade. The video script frequently alludes to a 'crumbling economy,' suggesting job losses and other negative indicators, which contrasts sharply with the positive stock market performance.

💡Retail Sales

Retail sales refer to the total amount of goods and services sold by retail businesses to consumers. The script mentions a 1% month-over-month increase, which is presented as manipulated data that is likely to be revised downward, reflecting skepticism about the accuracy of economic indicators.

💡Subway

Subway is a global fast-food franchise known for its submarine sandwiches. The script discusses Subway's financial struggles and the potential for it to become a casualty in the fast-food value wars, highlighting the challenges faced by even well-known brands in the current economic climate.

💡Electricity Costs

Electricity costs refer to the expenses incurred by households and businesses for their electricity usage. The script mentions surging electricity costs as a financial threat, indicating that many American households are struggling to pay their bills, which is a sign of broader economic strain.

💡Debt

Debt is an amount of money borrowed by one party from another. The script discusses the surge in American household debt, including credit card and auto loans, which has reached concerning levels. This debt accumulation is presented as a significant economic challenge.

💡Layoffs

Layoffs refer to the termination of employment for a group of workers, usually due to economic conditions. The script lists several companies that have announced layoffs, indicating a widespread impact on employment and a sign of economic downturn.

💡Home Builder Sentiment

Home builder sentiment is a measure of the confidence that home builders have in the housing market. The script notes that this sentiment has reached a low for 2024, suggesting a lack of confidence in the housing market and a potential decline in construction and sales.

💡Homelessness

Homelessness refers to the condition of people without a permanent place of residence. The script discusses the growing issue of homelessness in Los Angeles, with the number of homeless residents potentially reaching over 100,000 by the 2028 Olympics, illustrating a significant social and economic challenge.

Highlights

It's Thursday August 15th 2024, and the presenter thanks viewers for joining and encourages them to like, share, and subscribe.

The weather in Palm Desert, California is described as beautiful with clear blue skies and temperatures that have come down from the previous month's extreme heat.

Financial markets are up, with the Dow Jones up 594 points, NASDAQ up 401, gold up $15, and silver up by a dollar.

The presenter questions the need for the Federal Reserve to cut rates when markets are doing well, suggesting that markets are dependent on rate cuts rather than economic health.

A video by Jack Morgan is mentioned, where he discusses a car accident involving an uninsured driver, highlighting the emotional response and the incident's impact.

Jack Morgan's upcoming visit to Los Angeles for collaborative video shooting is announced, focusing on the city's economic and social issues.

Retail sales data for the month shows a significant increase, but the presenter suspects it to be manipulated and likely to be revised down in the future.

Subway is reported to be in financial trouble, with an emergency meeting called with franchises, potentially signaling a decline in the fast-food industry.

The presenter expresses concern over the declining quality and portion sizes of fast food, reflecting on the changes over the past decade.

San Francisco loses its only Denny's restaurant after 25 years of business, with dine-and-dash incidents cited as a contributing factor.

The presenter warns of the societal implications of increasing lawlessness and the potential for chaos in the event of a societal breakdown.

Electricity costs are surging, posing a financial threat to American households, with many struggling to pay their bills.

American household debt has surged, with significant increases in credit card debt and auto loan delinquencies.

Multiple companies have announced layoffs, contributing to a challenging consumer environment and economic downturn.

Home builder sentiment is at a low, with buyer sentiment and sales traffic falling to new low points, indicating a struggling housing market.

Los Angeles is facing a homelessness crisis, with over 100,000 residents potentially homeless by the 2028 Olympics.

The presenter discusses the state of America's cities, comparing them to scenes from a horror movie due to the levels of homelessness, crime, and decline.

The presenter emphasizes the importance of personal preparedness for potential emergencies and societal breakdown, urging viewers to be ready for the worst-case scenarios.

The presenter concludes by encouraging viewers to take action and prepare for the future, rather than relying solely on external factors or hoping for a miracle.

Transcripts

it's Thursday August 15th 2024 thank you

so much for joining me today as always

please make sure to like share subscribe

share these videos everywhere ladies and

gentlemen uh a beautiful day coming to

you from Palm Desert California

beautiful beautiful day now a cloud in

the sky the air is beautiful Crystal

Blue Skies uh really really gorgeous the

heat has has come down a little bit it's

still pretty warm but we're not hitting

those 115 120s like we were last month

so that is uh refreshing now I want to

get into things today looks like uh

everything is back to normal life is

good my friends uh Dow Jones up

594 uh NASDAQ up

401 uh gold up $15 silver up a buck8

10year bon yeld uh up

3.92% uh C it was up about nine 10 basis

points today everything's going up uh so

my question is why in the world does the

FED have to come in and cut rates when

everything just is fine everything's

going up it it just it's shocking that

the FED is going to come in and Juice

these markets when the Dow Jones is up

almost 600 points today and NASDAQ up

another 400 everything's going up uh but

again we know that everything is going

up because these markets are pricing in

multiple rate cuts to come this is this

is how dependent these markets are on

rate Cuts they don't care about how many

people are losing jobs they don't don't

care about a crumbling economy the

markets just care about cheap easy money

and rate Cuts so we'll follow that uh

really quick I watched a really good

video today from somebody I consider a

friend Jack Morgan you can check out his

channel Jack Morgan rlp uh he uh we we

just talked a couple days ago and he

posted this video today where uh he he

was driving and his car was total by I

guess we'll call it a newcomer somebody

that just came to America uh from from

Haiti and uh he was pretty upset about

it if you watch Jack's Channel you know

he's a he's kind of an emotional guy

very charismatic guy so uh his car was

total the driver uh of the other vehicle

from Haiti uh no name no driver's

license no insurance it wasn't even his

car check out his video uh very um very

entertaining very interesting I'm glad

Jack is okay uh but we did talk a few

days ago and Jack's going to be out here

uh around midt end of September uh we're

going to be heading out to uh Los

Angeles uh we're going to be shooting

some videos out in La uh Jack and myself

so um we'll keep you posted with that

but it should be really really good Jack

uh used to live out in the California uh

State of California I lived in La so he

knows it pretty well so it'll be

interesting to get together with him and

shoot some uh video of what's Happening

uh to Los Angeles the amount of

retailers that have closed the homeless

crisis crime uh all that stuff so I'll

keep all of you posted with that now uh

shifting gears here a little bit uh the

Hedge us retail sales beat thanks yet

another massive downward revision uh so

we got the good news today retail sales

shot up 1% month over month this is the

biggest month-over-month

rise uh since January 2023 so this is

great news right in a normal real non

manipulated Market this would be really

great news but everything's very

manipulated uh for the eighth month in

the last year the previous month's data

was revised lower this making the

current month beat more

impressive and I will say

this the alos love this this number will

be revised next month we'll we'll get

this July number it will be revised down

as we all know this will be the ninth

month then

but it it won't matter nobody will care

nobody will pay attention to it nobody

will even know and right now it's like

they're purposely just triggering the

alos with the good news right even

though the good news is fake manipulated

data uh that will be revised next month

but right now they want to juice the

market so what do they do they just put

this manipulated data out there and tell

us all that well retail sales shot up 1%

month over month is not great and the

algorithm just fire off of that and

markets love it and and it's another

reason why the markets were up today the

markets love this stuff the algorithms

eat this up and then of course obviously

the markets know that the the calvar is

coming uh with some cheap money and so

we're going to continue to get uh more

of this manipulated data probably

depending on who wins in November if one

person wins who I think you know who it

is I if this person

wins we're going to probably start

getting the real data the real numbers

and we're not going to be getting these

type of revisions the real inflation

will come the real unemployment numbers

will come the real retail sales numbers

will show up the real CPI PPI will show

up the other person wins we're probably

going to get more of this manipulated

data here's another one today from the

Hedge Subway calls emergency meeting

with

franchises as fast food value Wars

potentially claim

Casualty that casualty could be Subway

they're in trouble uh they have 19,000

North American

shops

uh and we're now living in an economy

where people really cannot survive

without $5 meals remember the $5 Foot

Longs the $5 Happy Meals you could go

anywhere back in the day and have a

lunch for $5 That's History I know uh uh

McDonald's has got some some deals right

now and some other uh franchises or or

or fast food restaurants are running

some deals but think about you know the

quality now that you're getting with

these with these type of foods not that

the quality was good years ago but it's

much worse now you're getting smaller

portions and you're getting really

really bad quality food tastes nothing

like it did 10 years ago I can tell you

that Subway set the meeting was

essential so what is this mean is Subway

in big trouble every time I drive by a

Subway first off I I haven't eaten in a

Subway in many many years if I do have a

sandwich made somewhere it's typically

Jersey mics um Subway is to me just

obsolete I never cared for him back in

the day I still don't I don't I haven't

eaten there in many many years um are

they in big trouble probably just like

many other restaurants but what do you

think will Subway be around a year from

now or are we going to see a lot of

these

uh stores closing San Francisco loses

its only Denny's restaurant repeat San

Francisco loses its only Denny's

restaurant this one uh located uh uh in

Union in the Union Square area

operations

ceased uh a August 1 after 25 years of

business tragic really really tragic to

see another establishment 25 years of

business shut

down a week and a half ago sad and what

caused it was it the economy what

they're saying here was it was D and

dash people going in eating and then

taking off and not

paying I I I I cannot even believe where

I'm living at this point that that a

arrest right now closed down not because

of crime or a bad economy but because of

dying dying and dash people going in

eating and not paying their bill this is

the mentality today this is our society

today if you think for a second when

things really get bad here the grid goes

down uh your lights don't work you have

no power you can't get to a grocery

store if you think it's not going to get

really really really bad that there

aren't people that would love to just

come to your house kick your door in and

take everything you have you are sadly

mistaken I mean people do this now just

because it's literally a past time a

lifestyle that they can just go take

something out of a store walk out with

it go eat somewhere walk out without

paying a bill you think when these

people get hungry and desperate they're

not even hungry and desperate yet

they're just doing this because they

can't what happens when these people

right here who have no respect for the

law no respect for your for human life

no respect for your hard work no respect

for your home your family what do you

think they're going to do you think

these people wouldn't come to your house

and take everything you have you better

you better wake up you better get out of

fantasy land here's another one surging

electricity costs pose another Financial

threat to American households so on top

of all the other bills uh the the other

Financial burdens that you have now the

average American is struggling to pay

their electricity bill we've talked

about this time and time again uh we

just got our our biggest electricity

bill in history uh just a couple days

ago but uh this is what everybody's

going to have to deal with pretty much

wherever you live uh I I will tell you

this our electricity bill has nearly

doubled this summer compared uh to last

summer and it just keeps going up up and

up I don't know how people are doing

this I I guess they're cutting out meals

they're putting this stuff on credit

cards they're going to pawn shops my

buddy said they took in

$20,000 uh of of of goods uh last

Saturday at his Pawn Shop people came in

desperate for money to pay their rent to

pay their electricity bill and they're

just pawning off literally anything they

could uh so when you see a small pawn

shop you know spending $20,000 in a day

uh where people are coming in pwning

Goods you know it's getting bad American

household debt surged in recent years

amid challenging consumer environment we

talked about this the other day credit

card debt autol loans delinquencies are

skyrocketing between credit cards and

auto loans you're looking at you know 9

to 10% think about that that that is

huge and where's where's the Hope how

are things going to get better if we

just keep spending money as a country uh

people can't even pay electricity bill

uh they they can't even afford to go to

the grocery store how is this going to

get better people are going deeper and

deeper into debt layoffs announc that

multiple companies this summer talk

about this daily uh Cisco 6,000 layoffs

Intel

,000 uh Paramount Global 2,000 uh

stellantis 2450 fastly 11% of of their

employees gone Sonos 100 people and this

is on top of many of these companies

have already laid off people earlier

this is the the the second layoff and

we're not even talking about how many

small or medium businesses have had to

lay off the mom and poppers the small

restaurants the the small retailers

we're not even reading uh what's

happening uh there home builder

sentiment SL to 2024 low home buyer

sentiment at record low buyer traffic

and sales both fell to new low points it

says here on the Hedge uh hit a number

of 39 that's below the 41- 43

expected uh here's another one today

from the Hedge and as I was opening uh

this video uh discussing with all of you

that Jack Morgan myself Sid uh I think

Enrique is coming we're going to be

hitting La uh talking about what's

happening in Los Angeles over 100,000 La

residents could be homeless by the 2028

Olympics one in 150 La inhabitants or

69,000 people are experiencing

homelessness and the figures are

growing take the if you take the people

right now living in their cars and and

and their SUVs in La you probably have

over 100,000 right now on top of the the

homeless people living on the sidewalks

and under the overpasses in La uh these

numbers are very conservative they don't

even count people living in the

dilapidated campers and RVs people

sleeping in their cars people sleeping

in their SUVs they don't even

count the economic collapse.com

vast stretches of America are so

depressed they look like something out

of a horror movie you know I've said

this many times when we've gone out shot

videos and this will be very interesting

next month to head into

La uh with Jack it looks like an

apocalyptic movie when you get to La uh

parts of San Diego look the same way uh

you go up to San

Francisco uh looks the same way uh just

absolutely unbelievable like it like an

apocalyptic movie what's happening uh to

some of these cities right now Across

America uh this I I I don't know if it

can even be fixed at this point when you

see the commercial real estate collapse

that's happening in these cities the

crime rate the

homelessness uh the amount of of

newcomers that are coming in that these

cities are spending billions of dollars

on how in the world does this get fixed

how does this get resolved how much

money would it take now to just clean up

the trash when you go into LA and you go

into these the some of these areas

there's so much trash Skid Row for

instance there's so much trash in some

of these areas of La how many billions

of dollars would it cost to clean up the

trash to remove the dilapidated

buildings to repair all the street

lights where the copper has been stolen

I mean are we past the point of no

return right now many of you have

written me and said yes we are past the

point of no return this thing is going

down I pray to God it isn't but I'm a

realist like most of you we may be at

that point that we're not coming back

and so as I leave you today the only

words of advice I could give view is

we're not going to be able to stop

what's coming I don't see things

improving and really no matter who is

elected or selected as president however

you want to look at it um this is this

is not going to be fixed uh o over the

next four years in fact it could get

worse and you have to be ready for that

uh there's not one there's not a sole

person that can be elected or selected

that is going to fix this country it

would it takes the entire country to

come together uh and resolve this and

this country is extremely divided so I

don't see that happening so

unfortunately I think things are going

to get much much worse I'm praying for a

miracle I'm optimistic that at some

point they will get fixed but think

about if we're even on the right track

if the right person is elected and can

actually do something and get enough

people together to do something it will

take years to clean up the mess from

decades

ago so you need to be prepared for all

possible emergencies madade

natural grids down cyber attacks no

access to food or money uh these are the

possibilities that could be coming uh to

this country and you need to be ready

for that and if it doesn't happen great

wonderful we we we avoided uh a tragedy

uh but what if it does happen are you

prepared to deal with if you woke up

tomorrow morning and the stores were

wiped out and there was no food coming

in for two weeks no power no access to

your bank accounts you can't go on the

internet uh you can't get your

medicine uh you know people are kicking

indoors because they're hungry they're

mad uh will you be able to protect

yourself will you be able to feed

yourself are you mentally preparing

spiritually PR preparing physically

preparing financially preparing again

this is not onedimensional this is

multi-dimensional um we're going to keep

talking about this every day because

every day we're seeing more and more

warnings that things are going to get

very very bad we're having more

earthquakes out here now in California

what if we had a really really major

earthquake uh are you prepared for that

are you prepared to deal with that do

you have a tourni kit do you have first

aid kits trauma kits uh do you know how

to use this stuff look I I need to get

out and and really tune up on a lot of

my training it's been so hot it's been

very very difficult to do but uh I

really need to get out and tune up on

that

um anything is possible Now ladies and

gentlemen in 2024 and many people are

predic ing things to get even more

chaotic in 2025 so don't sit on the

couch don't uh just hope this to go away

don't say that I'm just G to leave it in

God's hands God is leaving it in your

hands this is your mess this is your

country this is your future this is your

kids future what are you going to do

about it we can just ignore it and hope

it goes away or we can prepare we're not

going to stop it but at least we can

prepare the best that we can to protect

ourselves and kind of

uh insulate ourselves a little bit from

what's coming and at least we're

prepared for the worst case scenarios so

I'm going to leave it there today God

bless every one of you again please like

share subscribe it's getting now it's

starting to get a little warm I'm going

to head in uh as always I look forward

to to talking to all of you uh also

check out uh Texas silver I think he's

got his last uh part three I think it's

the final it's the conclusion of the

bill hter interview so check that out

God bless all of you have a good day