THE GLOBAL ECONOMY IS BURNING PREPARE FOR TROUBLE - WW3 IS NEXT
Summary
TLDRIn this video, the host discusses the rising value of gold and silver as global uncertainty increases, hinting at potential inflation and a weakening US dollar. He emphasizes the importance of holding tangible assets like physical gold and silver, recommending SD Bullion for assistance. The conversation also touches on Paris's proposal for down payment assistance for first-time homebuyers, questioning its sustainability and potential inflationary effects. The host warns of the economic challenges ahead, advocating for personal preparedness and the protection of wealth through smart investments and lifestyle choices.
Takeaways
- π Gold and silver prices are soaring, with gold hitting an all-time high, indicating a potential global economic instability.
- π The speaker suggests that holding tangible assets like physical gold and silver is crucial in the current uncertain global climate.
- π The weakening US dollar and the rising inflation are presented as significant concerns for the economy.
- π Paris's proposal for down payment assistance for first-time home buyers is criticized as potentially inflationary and unsustainable.
- π‘ The importance of owning 'real money' like gold and silver is emphasized, as they are considered universally recognized and liquid assets.
- π¨ The speaker warns of a potential major world war and the need for individuals to protect their wealth with tangible assets.
- π The script mentions the possibility of a recession and the need for the economy to experience a 'hard landing' to combat inflation.
- πΈ American households are increasingly in debt, which is portrayed as unsustainable and a sign of economic trouble.
- πΌ The healthcare sector is highlighted as a major source of jobs, reflecting the societal trend of poor health and its economic impact.
- π§ The benefits of physical activity, such as boxing and Jiu-Jitsu, are discussed in terms of mental health and overall well-being.
- π The script concludes with a call for spiritual awareness and prayer, emphasizing the importance of faith in navigating challenging times.
Q & A
What was the main focus of the discussion on the video script provided?
-The main focus of the discussion was the importance of holding tangible assets like gold and silver amidst economic uncertainty, inflation, and the potential for a global crisis.
Why did the speaker mention gold and silver as important assets to hold?
-The speaker mentioned gold and silver as important assets to hold because they are tangible, have a long history as a store of value, and are not subject to the same risks as paper currencies, such as inflation and devaluation.
What does the speaker suggest could be a potential global issue?
-The speaker suggests that we are getting closer to the potential of World War III and that inflation and a weakening US dollar are significant concerns that will not go away.
What is the speaker's view on the current state of the US economy?
-The speaker believes the US economy is facing serious challenges, including high levels of spending, inflation, and a weakening dollar, which will lead to problems in the future.
What advice does the speaker give regarding financial planning?
-The speaker advises holding hard, tangible assets like physical gold and silver, rather than relying solely on paper assets or cash, to protect one's wealth during uncertain times.
What is the speaker's opinion on the proposal of $225,000 down payment assistance for first-time homebuyers?
-The speaker is critical of the proposal, arguing that it could increase housing demand and home prices, leading to more inflation, and ultimately place a burden on taxpayers.
What concerns does the speaker express about American households' debt?
-The speaker is concerned about the surge in credit card debt and overall household debt, which includes mortgages and auto loans, stating that this level of debt is unsustainable.
What does the speaker suggest as a solution to the current economic challenges?
-The speaker suggests that the right solution would be to raise interest rates to combat inflation, even if it leads to a recession, as it would help to reset the economy and prevent further asset bubbles.
What is the speaker's perspective on the importance of physical and mental health during these times?
-The speaker emphasizes the importance of physical and mental health, suggesting that engaging in activities like boxing and Jiu-Jitsu can help combat depression, anxiety, and provide a sense of discipline and structure.
What is the speaker's view on the role of discipline and structure in people's lives?
-The speaker believes that discipline and structure are crucial, especially during challenging times, as they contribute to overall well-being and help individuals to be more productive and better equipped to handle adversity.
What spiritual advice does the speaker give to the audience?
-The speaker advises the audience to engage in prayer and spiritual practices, suggesting that spiritual warfare is real and that people should seek guidance and strength through their faith.
Outlines
π Gold and Silver Markets Surge Amid Global Uncertainty
The speaker opens the video discussing the financial markets, highlighting a significant rise in gold and silver prices on August 16th, 2024. Gold hit an all-time high, with a $54 increase, and silver experienced a rise of over 60 cents. The speaker warns of the potential for World War III and inflation, suggesting that holding tangible assets like physical gold and silver is crucial in these uncertain times. They emphasize the importance of possessing 'real money' and not just cash, as central banks are stockpiling these precious metals. The speaker also mentions the potential collapse of the economy and the importance of being prepared with tangible assets rather than relying on paper currency.
π Paris's Housing Plan and the Dangers of Inflated Debts
The speaker criticizes Paris's proposal to offer $225,000 down payment assistance for first-time homebuyers, questioning the source of funding and the potential inflationary impact. They argue that such a plan would artificially inflate housing demand and prices, ultimately harming taxpayers who would have to fund this assistance. The speaker also addresses the broader issue of American household debt, which has surged significantly, and expresses concern over the unsustainable levels of debt and the potential for a major economic depression. They agree with Peter Schiff's perspective on the need for higher interest rates to combat inflation, despite the short-term economic downturn it may cause.
πͺ Prioritizing Physical and Mental Health in Challenging Times
The speaker and Coach Lionel discuss the importance of maintaining physical and mental health during difficult times. They emphasize the benefits of engaging in activities like boxing and Jiu-Jitsu to combat depression and anxiety, as well as to improve overall well-being. The conversation highlights the need for discipline and structure in life, especially in the face of societal issues such as job losses, food insecurity, and rising crime rates. The speaker encourages viewers to take action to protect their wealth, health, and family by adopting a holistic approach to well-being, including physical fitness, financial stability, and spiritual strength.
π Spiritual Warfare and the Importance of Faith in Turbulent Times
In the final paragraph, the speaker discusses the concept of spiritual warfare and the growing belief in a higher power, even among atheists. They stress the importance of prayer and faith in navigating the challenges of the world, including potential global conflicts and societal decay. The speaker calls for vigilance and awareness, advocating for a spiritual connection as a source of strength and guidance. They end with a warning about the escalating darkness in the world and a plea for prayers to prevent a catastrophic event like World War III.
Mindmap
Keywords
π‘Gold
π‘Silver
π‘Inflation
π‘Tangible Assets
π‘SD Bullion
π‘Weakening US Dollar
π‘Housing Market
π‘Debt
π‘Recession
π‘Physical Fitness
π‘Spiritual Warfare
Highlights
Markets across the board are up, with gold hitting an all-time high, reflecting global uncertainty and potential for conflict.
Gold and silver prices surge, with gold up $54 and silver over $29, signaling economic instability and inflation concerns.
The speaker emphasizes the importance of holding tangible assets like gold and silver in times of economic instability.
A discussion on the potential of a weakening US dollar and its impact on global currency values.
Inflation is presented as an ongoing issue, with the suggestion that it will not be resolved by cutting rates.
The suggestion that the current economic policies could lead to more inflation rather than alleviating it.
A call to action for individuals to protect their wealth through tangible assets, not just cash or paper investments.
The historical significance and universal value of gold and silver as a form of 'real money'.
Central banks are stockpiling gold, indicating a global move towards tangible assets.
The potential for a major world war and its implications on the economy and personal wealth.
A critique of a proposed $225,000 down payment assistance for first-time home buyers, questioning its economic impact.
Concerns about the sustainability of American households' debt levels and the potential for a major depression.
The impact of rate cuts on the economy, with the argument that they could exacerbate existing economic issues.
A discussion on the importance of personal discipline, structure, and the pursuit of physical and mental well-being.
The role of hobbies and physical activities like boxing and Jiu-Jitsu in combating depression and anxiety.
A critique of consumerism and the prioritization of material goods over personal health and well-being.
The spiritual aspect of the current global situation, with a call for prayer and mindfulness.
A warning about the potential consequences of escalating global conflicts and the importance of seeking peace.
Transcripts
it's Friday August 16th 2024 thanks for
joining me today as always please like
share and subscribe let's get right into
it today uh markets across the board up
what was really up today was gold even
silver had a nice day today gold up
$54 silver up a little bit over 60 Gold
hits another all-time high um if you
don't have some gold and silver right
now with every
that is happening globally we are
getting closer and closer to the
potential of World War II uh inflation
is not going away no matter how much the
people on the television want to tell
you that they're going to cut rates at
some point it is going to bring in more
inflation this country is spending so
much money inflation is going to be a
problem a weakening US dollar going to
be a problem uh I don't give Financial
advice but I will say say if you were a
friend of mine if you were a family
member uh I think this is one of the
most important times to be holding hard
tangible assets like physical gold
physical silver not paper the real thing
if you need help with that go to my link
down below SD bullion the the great
people at SD bullan will take care of
you if you don't have this stuff right
now I I truly do believe you need some
of it we are talking about something
with a 5,000 year history that will
never can never go to zero unhackable
untrackable
untaxable globally central banks are
stockpiling this stuff and I think that
everybody right now better be thinking
about how they're protecting their
wealth uh do you have real money not
cash I do think you need to have some
cash but cash is currency do you have
real money like golden silver remember
you can go anywhere with gold and silver
anywhere on planet Earth and people know
that that is money is extremely liquid
you can convert it to any currency on
planet Earth um with what we're watching
happening today I mean look at this gold
up another
$54 today uh silver now over
$29 uh this is this is a warning ladies
and gentlemen that there is huge amounts
of uncertainty we have the potential for
a major world war weakening dollar more
inflation uh more
uh uh people losing their jobs uh the
layoffs continue uh we are in very
uncertain times and I think it's a good
idea to be protecting yourself and
holding this out of the system I think
it's extremely important to be getting
out of the system uh also stay tuned to
the rest of this video I'm talking to
Coach Lionel today and Ricki we're just
talking about what just preparations
physical mental spiritual so stay tuned
to the rest of this video and check that
out uh Paris proposes $225,000 down
payment assistance for firsttime home
buyers is it a good idea what do you
think about this please comment down
below is this a good idea to be giving
people
$25,000 uh to put down on a home a
firsttime home buyer where's the money
coming from how
inflationary would this be uh this would
create uh greater housing demand uh
lowering Supply uh this
would by doing that increase home prices
more inflation and on top of that again
where is the money the $25,000 coming
from it's going to come from the
taxpayers so you're going to increase
the price of a property and you're going
to tax the taxpayer even more to pay for
this for people that really can't afford
a house to buy a house uh this ends up
uh as a catastrophe in my mind because
if you don't have
$25,000 uh to put down on a house maybe
you shouldn't be buying that house the
average price of a home today is is what
about
$420,000 uh you know if you if you can't
even put down
10% do you really think you should be
buying a home right now this is bad
bad uh just a bad idea uh
here's here's more um the these
buyers will lose these
homes so we are giving money to people
who really can't afford a home and once
they buy the home they will lose the
home uh again if you cannot afford the
down payment not everybody should be a
homeowner not everybody unfortunately we
don't live uh in a perfect world we
don't live in a in a Utopia where
everybody should just own a home because
they should some people just should not
own a home they there is maintenance
there is up keep there is Insurance
costs this is I think a really really
bad idea and we're not sitting here to
get political we are just talking
dollars and sense and looking at uh the
danger of this and who's paying for all
this uh the hill Harris housing plan
includes construction of 3 million units
25,000 down payment support uh Harris's
urgent and comprehensive forear plan
will call for construing constructing 3
million new housing units
so they plan on uh giving a lot of
$25,000 down payments um I don't know
what do you all think about this comment
down below American households debt
surged in recent years amid challenging
consumer environment this sunf Fox
Business credit card debt uh surged 48%
uh in the second quarter of 2024 uh from
the first quarter of 2021 while
household debt which includes mortgages
and auto loans Rose by 21
.6% uh when I read these figures I I I
just say to myself this is completely
unsustainable how much longer can this
go on how much debt does the average
person really really have how far are
people really falling behind right now
um by the looks of it when you go out
everything looks fine but you know
there's 900 and you know 87 million
credit cards uh floating around in the
back pockets of Americans right now and
they are using credit cards to pay
literally everything and in doing so
they're going deeper and deeper into
debt my concern is this economy is
getting so bad and now the job losses
are hitting and we are heading into a
major depression and people are going
into a major depression already with
evictions credit massive credit card
debt car repos uh the average person is
not prepared to deal with the tough
times that are right around the Cor
corner and they're beginning uh and
people are beginning to realize that
this thing may be worse than they
thought Peter shiff more disasterous
rate cuts on the horizon this on the
Hedge today Peter said this and I
totally agree the right thing to do is
raise rates and let the chips fall where
they may sure stocks are going to crash
real estate is going to crash um we're
going to have a hard Landing it's going
to be a recession but unfortunately Ely
that's what we need and I agree 100% you
know if they raise rates high enough to
stomp out inflation you would see
crashes some people would definitely get
hurt but you got to shake out the dead
branches of the tree ladies and
gentlemen otherwise home prices are
going to continue to go up Auto prices
are going to continue to go up Insurance
costs are going to continue to go up
unless things come back down to planet
Earth we need things to crash and this
is how you do it they should have
continued to raise rates much higher and
stomped out this inflation got uh these
valuations of these assets back under
control back to Earth but no what they
want to do is they opposite they want to
pump money lower rates and pump money
back into the system so that people can
borrow cheap money get deeper into debt
and pay even more for house more for a
car uh already 78% of this country is
living paycheck to paycheck this is
completely unsustainable they're not
allowing the markets to freely act
because if they were these markets would
have crashed a long time ago they keep
putting a bandaid on a gunshot wound
they keep pumping money into these
markets you've got the FED into these
markets buying um the helicopter money
is coming the rate cuts are coming and
this is going to cause more inflation
going back to the beginning of this
video why I think it's so important to
own gold to own some silver and really
protect yourself the FED made he says a
deal with the devil and the devil is
coming to collect
eventually 100% the devil is in the
details and the devil is coming to
collect
so uh no doubt the world is on fire uh
people's bank accounts are shrinking
they're losing jobs they're losing cars
evictions are going through the roof um
you have bankruptcies going through the
roof it just goes on and on and on and
yet we're just being told that
everything's fine stock market up today
everything across the board up but the
scary thing is gold was way up what does
the gold market see right now that it's
warning you when you see gol up
$54 in one day it is warning all of us
that there is Major uncertainty out
there there is potential for World War
the dollar is going to be very very uh
challenged by the new bricks Nations the
dollar is weakening the dollar is buying
less and less you need more dollars to
buy gold and at some point I truly
believe this is very possible that
you're not going to measure your wealth
in dollars you're going to measure it in
ounces and real money is going to be
holding the metals fake money is this
Monopoly money people think that they
that they're wealthy holding dollars
central banks are holding ounces ounces
of gold so protect
yourself um you know gold is much more
than a fear hedge gold is the ultimate
money gold is God's money gold is
security gold will be here forever so be
very very cautious out there uh it's
just unbelievable what we're seeing uh
it's unbelievable uh the collapse that
that we're witnessing that some people
still cannot see even though they're
being affected by it they don't see it
um they're going to see it they're going
to be forced to see it because the job
losses are going to continue to come
homelessness will will continue to rise
you're going to see uh the divorce rate
Skyrocket you're going to see
unfortunately drug use continue to
Skyrocket um this is going to get
extremely bad so as I make these videos
daily uh this isn't to you know put
anybody down it's not to make anybody
feel bad make these videos so that you
wake up and take action protect yourself
protect your wealth protect your family
uh get in the best physical shape of
your life get in the best spiritual
shape of your life Financial shape
mental shape this is not a
one-dimensional game you've got to be
walking the walk uh this is a lifestyle
you've got to be covering all basis and
if there's something if there's a
weakness in your game you need to fix it
right now if there is a weakness in your
game you need to fix it right now so we
just wrapped up a straight hour of
boxing it is Friday always getting a
couple days into boxing a day in
jiujitsu at least uh got to keep the
Mind and Body in optimized shape in my
opinion with everything that's happening
uh Enrique is here with me coach Lio and
you know as we're here on this Friday
there's so much bad news out here uh as
I'm sure most of this video will consist
of because I'm just reporting the facts
the data and everything that's happening
the massive job losses that are taking
place the food insecurity the dependency
on the system the massive amount of
crime and just a massive amount of
depression Enrique what uh what are your
thoughts what can we be doing to avoid
bad thoughts negative thoughts
uh uh divorce depression all that stuff
yeah so we're here training and uh this
helps us clear up our mind there's a lot
of people right now that are losing
their jobs or they're getting their
hours cut at work and I think the best
thing to do in this particular case is
to go out find a good hobby whether it
be Jiu-Jitsu boxing going to the gym
today I went to the gym for 45 minutes
at 5:00 a.m. and I'm right here with JB
and vinyl uh 10:00 a.m. we're doing an
hour of boxing training and it's a good
way to fight any type of depression also
it keeps you active which means that if
you're working uh you actually uh
provide better customer service to your
clients so I just feel better overall
you know people can feel it you know
when I uh am in front of my clients
people like uh the the vibe that I give
them and that's because we keep active
in the gym we keep active making sure
that uh we give everything that we can
keep our problems apart and I think that
it's very good for people who are suffer
from anxiety as wellig time so I know a
lot of people that do have a lot of
anxiety issues right now especially the
younger generation and I feel like uh
doing this helps a lot to keep that down
and to be able to provide the better
version of yourself to the public great
points and I would say discipline
discipline discipline structure this is
so important to have especially now with
what's happening Coach Lionel trains a
lot of kids uh people that are a little
bit older he's got fighters one of them
fighting tonight um he's got a pretty
large clientele what are you seeing out
there and why is it so important to get
your your your mind your spirit and your
body uh in optimized shape right now I
think CU it's mostly Common Sense number
one is to be in good shape that's just
something that should be on everybody's
mind because no matter how far you get
in life you're not going to be able to
enjoy it if you're unhealthy I mean
there's people that are in their 20s
having kidney failure liver failure I
mean the health the health industry is
going I would say it's going up and down
at the same time A lot of people are
aware but they just keep giving more
products that make you worse so you have
to be uh use your common sense Eat Right
drink plenty of water it's really not
that hard you don't need a bunch of
special diets this diet that diet when
you're hungry eat something that's good
if you're in my area I have three fast
food restaurants in one grocery store
what would be the common sense place to
eat when I'm hungry not the fast food
place right it might take 10 more
minutes to make you make your little
sandwich or whatever but it's a lot
better than eating the junk food things
like that it's just common sense boxing
is really good for the learning curve um
when you're a kid your mind's always
learning rewiring the brain that's what
boxing does to you as an adult though
because you're constantly learning so it
keeps your mind um evolving in the state
of at least of your brain learning new
neurons and connections um and I will
add to that great point the number one
job month after month now what field
what sector Healthcare why because so
many people are out of shape obesity in
this country so many nurses uh
assistants medical assistants uh biggest
job out there now and a lot of that is
you know mainly government jobs too the
government pays for that means you pay
for it I pay for it for people to be out
of shape so uh you have a big clientele
we're seeing the pain out there um
critical that people are maybe not
spending going to the bars on Friday
night or going out to dinner maybe
coming in doing a class maybe doing some
private training whatever they can
afford you don't have to do private
training you can come in and do a class
training maybe you got to sacrifice
something like the Friday nights or the
weekend trips to get in here and get
into shape people are spending a lot of
money I went to the movies last night to
go watch the new alien movie and it just
came out yesterday and all the
merchandise is sold out it's like 50
bucks for the stupid popcorn alien thing
and they're already sold out so I just
just proves my point where people put
their money at I wanted one I ain't
going to lie but it's like damn I got
here on the first day it's already sold
out so that just you know tells you
people spend their money stupid stuff I
see people waiting at the bus stop for
$400 Jordans doesn't make any sense you
have you have these Jordans but you
don't have a car you know everything is
uh ad I say advertising is the biggest
enemy without advertisement we wouldn't
be wasting our money on junk that's what
they want us to do buy more junk would
you say like I will say boxing is much
harder than it looks oh yeah um liono
pushes
me every week two hours two three hours
a week pushes me it's the the footwork
the combinations the defenses Jiu-Jitsu
is also very tricky but boxing is a lot
trickier and complicated than I thought
but we're working hard at it um you know
why why do people waste their time
buying stupid stuff and and just not
taking care of the temple instead of
maybe coming in and really putting some
structure in their life and doing
something constructive and positive
especially if things really get bad
you've seen the crime we we see the
crime blowing up out here why aren't
people taking this more seriously
because I think it's a spiritual issue
they're feeling the void in their heart
that's why they're buying a bunch of
stuff like anybody else inant
satisfaction overeat when you're
depressed you don't eat when you're
depressed um you buy a bunch of stupid
stuff to make you feel better when
you're depressed but there's some people
small percent when they get depressed
they startop working out so I think that
would be the best one to do out of all
of them instead of buying a bunch of
junk and my reason for coming was just
to the best Depression was just to to uh
compliment my Jiu-Jitsu and you never
know what's going to happen out there so
many uh chaotic things happening the
real world it's good to be able to take
care of yourself standing up on the
ground uh it's great to be I think it's
a very good asset to be in shape to have
good conditioning or to improve your
conditioning to the best it can be these
are all advantages you will have in real
life that if you know if you were in a
bad situation uh a chaotic maybe violent
situation you're going to you're going
to be able to take care of yourself also
this transitions over to work as um uh
Enrique said if you can if you can
commit to this have structure in this
have structure how's your work how's
your your workload going to be um you
have more dopamine levels in your mind
you're going to uh sorry in your mind
you're going to have higher dopamine uh
releases in your brain you're going to
have um you know all that good stuff
that makes you happy rewires the brain
like I said more productive for work
more productive you get a little
adrenaline boost like and I said a
little dopamine rush like you know
Runners high it's the same thing you get
that workout that pump a lot of people
get addicted to that pump you know the
endorphine start hitting in the dopamine
levels start raising which makes you in
a good mood and I want to get your
opinion on this too there'll be two doen
people that just they don't have the
time uh they don't want to feel the pain
they got a sore back maybe a sore elbow
and there's a lot of excuses what do you
say and I want to get Enrique's um
answer to this too what what do you say
to the excuses out there I'm too old I
got a sore elbow I don't have the time
but they're always out on Friday
Saturday night eating uh going to Vegas
I would say I would ask you to come with
me to one of those hospitals where
there's a bunch of sick uh cancer
patient children and go tell them your
problems if you can make them feel bad
for you then I'll I'll feel bad for you
there excuses a lot of people making
excuses no I don't think there's such
thing as an excuse I think that all it
is is just a bunch of lazy people who
don't want to get out of their uh zone
of comfort and do something
new this is a little painful right it is
painful definitely but it's worth it
though at the end you learn a new skill
and a lot of people that I talk to
they're actually very impressed that I'm
doing this and I think it's just good
for the you know uh mind body and health
just overall absolutely so as we had
another weekend don't make excuses get
out there get to it work on your skills
whether it's here the range the gym you
got to be covering all bases at this
point work on the skills have a great
weekend any closing words spiritual
warfare close on it um keep your prayers
keep your prayers always pray um I know
this is your page but me personally I
believe in Jesus and I think that's the
only one that you can pray to other than
that um just you know be vigilant be
aware be smart and like I said like he
says spiritual warfare it's a very real
thing even people who don't believe in
Jesus as God know that there's spiritual
war going on so I would say the atheist
now I say being an atheist is dying out
everybody's believing in God now
everybody's having spiritual warfare but
you have to find the one that fits you
personally mind is Jesus amen have a
good weekend God bless remember exactly
what he said also remember the dark side
getting very very powerful right now
we've seen some very very evil things
happening we're on the verge of possibly
World War II A lot of people could be uh
deleted uh so be praying for this
country be praying for the for every
country really the globe that we don't
get involved in something like this
because it's not going to be like a you
know 10,000 20,000 people losing Al
you're talking Millions people we're
talking about so many nuclear warheads
out there now in the world all it takes
is one and then all of a sudden they're
all going off and we're all going to be
doomed so be praying uh for a miracle
here that uh this is avoided and that
cooler heads PR Veil and that things uh
kind of just die down a bit especially
over there in the Middle East God bless
have a great weekend take care
room
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