Reaction & Commentary
A great movie but he hired someone to work the floor and basically watch all the slot machines and one person hit the saw Time After Time After Time and De Niro came up to the guy and said the odds of hitting this machine once are a
Million to one hitting it three or four times it’s a billion to one it’s either you were in on it or you were too stupid to catch it but either way you’re out and he kicked the guy out and fired the guy and this to me kind of looks like a
Similar situation there’s a big group of people that want to say that you know it’s it’s a fluke it’s just one little situation and there’s a bunch of other people that are like a Robert De Niro that are looking at this saying you know what if you can’t connect the dots then
You know there’s no hope for you and we start to look at this I mean this is absolutely crazy and we like this is nuts um before I dive into this today’s video is sponsored by my company greatcreditfast.com greatcreditfast.com give us a call at 561-430-5900 if you need help fixing
Your credit you’re going to want to have excellent credit especially when things get a little bit crazier and I think we’re stepping into some really insane times 2023 I think is going to be it’s going to be way worse than any any year that we’ve seen you know in the last few
Decades to put it lightly so a 70 car train carrying hazardous materials derailed in North Dakota this is a 1am last night 70 car train development right we start to look at what’s happened let’s just call up eight weeks so we have this North Dakota right
This is by the way in the green is the most fertile crop land in America so you have North Dakota and you have Ohio and Michigan right you have South Carolina you have Texas you have all these areas and what do they all have in common they all had
Trained Romans last eight weeks now am I saying they’re connected no I’m not but I’m simply saying you know what are the odds right at the end of the day what are the odds um then this situation here is unfolding in California California crops lost after floods how
Much of the U.S will fill the shortage I didn’t know this until recently I had a conversation with my friend about it he was telling me uh I didn’t realize California produced this much but they do California accounts for 46 percent of the U.S fruit and nut production and 62
Of the national value of fruit and nut crops California leads in Fresh Market vegetable production accounting for 44 of the US harvested area and 49 of the national production so we look at what’s happening right supply and demand if we’re having situations in a lot of these areas
And California as a whole a lot of food could very well be lost I mean look at what’s happening in Philly right now Philly they just had a alert saying to not drink the water I mean they’re it almost looks like March 2020 inside of the storage everyone’s trying to get uh
Just Necessities they’re just trying to make it right but to me this whole thing is pretty crazy because I think that what we’re actually witnessing uh is the fall of America that’s what I honestly believe the fall of a dynasty and this is happening very slowly last couple years
Uh but I believe we’re stepping into a situation in which it’s going to make the cost of living here go through the roof everything I believe is going to get very very expensive so food getting more expensive utility is getting more expensive property insurance more expensive property tax is more expensive
And we start to connect everything together forty percent of all mortgages in America we’re taking out between 2020 and 2021 40 the average down payment for a first-time Buyer six percent the average down payment for a second home for a everyday American 13 so the median
About 10 down about 10 percent down and that was based on you know called a three three and a half percent mortgage so the cost of that same mortgage now is 45 five percent more on a monthly basis given today’s mortgage rates are in the high sixes or maybe even low sevens for
Some so you start to equate this or you look at look at things clearly people don’t have any Equity right as they continue to increase interest rates people can have less and less and less equity and so we’re gonna start to step into an affordability crisis in this
Country and as that’s happening I believe that what they’re going to do they’re going to turn the money printer back on and they’re also going to continue to increase interest rates in the short term what is this going to do it’s going to make it more expensive to service
Existing adjustable rate debts and credit cards auto loans personal loans adjuster rate mortgages home equity lines of credit all these things are going to get much much more expensive and what do people do when they’re forced into a tight spot they start selling off assets that’s what they do
They start selling off things to try to make ends meet and we’re walking into that now you know this situation Janet Yellen US dollar may lose Reserve currency status and they’re talking about this uh the debt ceiling now a lot of people say debt ceiling they’re just
Going to raise it they’re just going to raise it sure they might they might you know they’ve done it they’ve raised it you know 50 times already so why wouldn’t they but if if you look at the look on Jenny Allen’s face does that remind you of somebody or does that look
Like someone that’s in control or that they know what they’re doing no to me that looks like the look of fear and defeat that’s what that looks like to me it says at a senate hearing on Wednesday treasury secretary Janet Yellen said that if tus defaults on its debt this
Would result in a massive loss to confidence US dollar eventually leading to the loss and status of the world’s Global Reserve currency now I saw this video on Tick Tock and it kind of relates I’m going to share with this with you because this is crazy for the people who work numbers
I am giving you free advice that those of you who are holding dollars you certainly might go into losses you better you better do what you must do because this Market is going to be different in a couple of weeks for the people so I mean that is uh
Apparently the president of uh Kenya right president Kenya so as that’s happening on the 25th the 25th says Tehran Iran’s move to reset diplomatic relations of Saudi Arabia was a radical break from the years of enmity between the two Middle East Rivals but it hasn’t been enough to prop up that struggling
Economy before China stepped in to broker the deal earlier this month Iran’s currency the real had lost a fifth of its value over the last two weeks of February to the record low added to the problems resetting a ruling cleric hearing so what is this I’m going
To leave this in the show notes you’re seeing two countries that were against each other for a very very long time now you know basically shaking hands and they’re all going to be moving forward with uh with this brics situation I believe this is going to transform
Really just go exactly how this chart is demonstrating Brooks are going to gain more and more power and control I mean if you look at what they control they control energy they control you know gold you they like they’re buying so much gold they’re positioning themselves to become the reserve currency these
Countries are working together in uniform they’re working together and when they bring this together as America is you know getting weaker and weaker and weaker you have to ask yourself how can America Remain the global Reserve currency when we’re walking into a situation where you know we we’re we’re basically losing
Everything right as a whole we’re basically losing everything we’re losing our Authority we’re losing our Global our Petro dollar status as we start to move green uh we’re just basically printing more and more money but here’s a here’s another thing that I think no one’s talking about that and I’m not
Saying this is happening I’m not saying this is happening at all but hypothetically since I mentioned a movie earlier let’s say another movie took place let’s say in this movie you were the ruler of the world right and of the ruler of that currency the reserve currency in that movie right what would
You want to do if you knew for a fact that that Reserve currency was going to plummet you would likely try to move as much of it somewhere else to either convert it into another currency or into gold but you’d want to basically find a way in which you could take hundreds of
Of billions of dollars and have a reason to do it somewhere else and then you would be able to you know exchange it for something else right that’s probably what you would do if you were the super villain in that movie right interesting what do you think about this
Entire situation what do you think about the global Reserve currency and all these situations happening now I know a lot of people are going to say John you know trained around what’s happening all the time I’m not saying that they don’t but I’m just simply saying eight weeks
Uh you know what are the odds right like like uh movie Casino what are the odds all these different areas um big problems coming from America massive inflation is coming for America a high interest rates are going to be coming for America position yourself with cash credit good credit and get out
Of adjustable rate debt get out of adjustable rate debt try to grow and scale your business think of it this way people before would say fifty thousand dollars is a lot of money or a hundred thousand dollars a year is you know what people stroll for a few years ago that
Was considered success you know that was what I was always told when I was younger go to school you know go to school for four years or eight years make a hundred thousand and my dad always wanted me to be a dentist when I was a kid you know make a hundred
Thousand hundred twenty thousand dollars a year right but with what’s happening in the world that hundred and twenty thousand dollars you know probably his purchasing power today of sixty thousand or seventy thousand what is going to happen if we start to step into this inflationary environment
You know that once great salary is not going to be so great so what I would think is probably a three or four x your income to probably offset some of these costs and be sure to get out of adjustable rate high interest debt uh what do you think has happened to
America drop it below hit the like button subscribe right under my second channel it’s going to be an interactive uh a call and show and a podcast I have a new studio it’s almost done construction now it’ll be done the first we’re going to decorate and design it so
Probably the third or the fifth uh we’ll have our first show there so uh be sure to subscribe over there and um again if you want to fix your credit you need good good credit we’d love to help you at greatcreditfast.com that’s greatcreditfast.com give us a call at
561-430-5900 and follow me on Instagram in the banner above this video and I’ll catch you guys later
