00:04:09.580And it's really the only indice that we actually can do that you can monitor it worldwide about what what the guys in inside the operations are buying, you know, stuff they're getting, etc.
00:04:21.520So when the purchase manager index drops like this, it's almost historic.
00:04:25.780But first of all, it shows you that guys that are on top of this missed it again.
00:04:30.820And in addition, it's the service side.
00:04:33.920They always talk about where the service economy, that's where the jobs are still coming.
00:04:37.360You know, they're running around last week, oh, all these service jobs, et cetera.
00:04:41.100But the signal, not the noise, is you've got trouble.
00:04:45.040There's deep trouble in River City, is there not, Mr. Steve Cortez?
00:05:13.340What's important also about PMIs is that they are forward-looking.
00:05:16.960Like we talked before about manufacturing new orders, which are crashing.
00:05:21.140This PMI index is forward-looking because businesses buy so that they can create and
00:05:25.520they can then sell to their customers, whether it's services or tangible physical goods.
00:05:30.060So this is a forward-looking indicator, which is telling us a lot of trouble.
00:05:32.800And by the way, when I speak about unprecedented, so often in this Biden economy, we've got to go back to either the Great Recession of 08-09, or we've got to go all the way back to the 1970s to even have any comparisons.
00:05:42.720And that is the case here, unfortunately, with this services PMI.
00:05:46.100It is the biggest drop, other than the spring lockdowns of 2020, it is the biggest drop since the 08-09 recession.
00:05:53.340So we are getting into Great Recession kind of territory with, again, the risks, in my view, that we can actually tip all the way into depression.
00:06:00.320And if you like, Steve, I've got a few charts that I can run through, too, to show the current state of the economy.
00:06:52.180Don't, if you're listening to these cheerleaders on these business networks, buy the dip, you're1.00
00:06:56.900going to get a visit and we don't we're not here to give you personal financial advice we try to
00:07:00.760give the macro but when you see a dead cat bounce like that which we called it and they're out there
00:07:05.340with the pom-poms is all over now go long everything like that that remember they're making
00:07:09.460it all off fees that's just by the dip they're eviscerating your net worth okay just look at the
00:07:16.160underlying reality of the economy because the markets will catch up steve cortez no that's
00:07:20.960exactly right because the business networks in this country unfortunately have lost all credibility
00:07:25.220They are propagandists both for the regime in terms of political narratives, but then also, yes, you're exactly right, for the brokerage houses, right, who want to act as nothing but cheerleaders because that's largely who pays them.
00:07:35.160But if we look at that chart on XRT, what we see is that even with a bit of a lift off of the summer lows, given yesterday's meltdown in the stock market, it is now 36% off of its highs of last November.
00:07:48.280And in Wall Street, down 20% is a bear market.
00:07:51.340It's almost twice that bad in retailers.
00:07:54.100That is the condition of the consumer right now in the United States.
00:07:59.880There is no arguing with the price of where the XRT, which is the whole retail retail sector in one ticker, of where that is.
00:08:06.580But let's also look at small business and let's get back to the job creation side.
00:08:10.620If we go to chart number two, I think this is crucial.
00:08:13.100This is the National Federation of Independent Business, which is the largest organization that represents small firms in the United States.
00:08:19.660And this is their survey regarding the number one concern.
00:08:23.100They ask, what is the number one concern of small business?
00:08:25.300And this is the percentage saying inflation.
00:08:28.220This is the percentage reporting price pressure.
00:08:31.340And for those who are watching the telecast, you can see how massive this spike is since
00:09:19.700That is the unfortunate reality. And that is from the mouths of the executives, the people who are going to be doing the layoffs, who are going to institute those job reductions.
00:09:28.400And let's go to chart number four. The last one here, I want to show real earnings, because even for those who do keep their jobs, and of course, we want everybody to keep their job.
00:09:35.580But for those who keep their job, the point is, even if they work incredibly hard, Steve, they're getting poorer every month because their pay simply cannot keep pace with soaring inflation because of Joe Biden.
00:09:47.520And if we look at this chart, this shows real wages, wages adjusted for inflation, which have now been below zero.
00:09:55.280They have been imploding for 16 straight months, negative 3 percent last month.
00:10:01.080That is the reality right now. Americans are getting poorer every single month.
00:10:06.800And they know it. And Stephen, connect this to my chalk talk on immigration, because I think the two issues are absolutely connected.
00:10:13.740They are. But hang on for one second. I want to go back if Denver could do it.
00:10:17.160i know we're pressed for time just go back to the pre not the last chart but the previous chart
00:10:20.620i want you to give the the statistics we've dug up on the on the people that feel they're going
00:10:26.820to be evicted remember the people that feel they're going to be evicted ain't the ones that
00:10:30.840are about to be laid off this is where we want to look like wellington said we want to look on the
00:10:35.440other side of the hill the layoffs are coming go back to the people who think they're evicted uh
00:10:40.940steve your your analysis of of the five million the five million things that think they're going
00:10:45.500be a visitor. Those are the ones right now that are either laid off, they're falling behind
00:10:50.480because their wages aren't keeping up. That's them. The wave of the layoffs are going to come.
00:10:56.480That's when the mortgage foreclosures and not paying the rent and getting kicked out
00:11:01.500is really going to hit. My point is you're about to turbocharge this number. Give me the numbers
00:11:07.160that exist today, that $5 million person number. According to the Census Bureau, it is 5.4
00:11:14.580million Americans right now report in a Census Bureau survey that they believe they're already
00:11:19.440behind on their rent, and they believe that their rent or their mortgage, and they believe that
00:11:23.460they are going to be kicked out of their home, that they will be evicted or foreclosed upon
00:11:26.460in the next two months. Okay, so there's an imminence and an urgency to this, Steve. And
00:11:31.900again, those are grapes of wrath kind of numbers. And you're exactly right. That's without the
00:11:37.060layoffs really taking hold yet. The layoffs that we know are- Hold on, slow. Hang on. I want to
00:11:43.200go to your chart and agree the layoffs again when you combine the census number this is what you do
00:11:49.100as an investment banker making the board presentation when you combine the census number
00:11:53.240cortez walk me through that chart with that the fall october november and with the natural gas
00:12:00.360prices going to kick up their all-time high and and my guys are on the gas is going to go when
00:12:04.620the lng plants up it's going to go to up to 12 bucks the now comes the winter of our discontent
00:12:12.720walk me through that layoff number sir how do you get to that layoff number and steve by the way
00:12:17.520natural gas hit ten dollars today something it has not done since 2008 and for context when
00:12:23.680joe biden took office it was two dollars and fifty cents it has literally quadrupled the price of
00:12:29.720natural gas and natural gas in some ways is even more important than gasoline to the economy because
00:12:34.840it really fuels the factories and farms of america i mean it is if your food your food price is going
00:12:40.400to turbocharge this is what's going to quadruple in in england go back to that go back to the guys
00:12:46.780making the decision on the layoffs the audience must hear this go back to that so this is a pwc
00:12:51.200which is a massive global consulting firm and they did a survey of their customers who are the
00:12:55.940executives ceos and c-suite level executives primarily of the bigger firms the united states
00:13:01.220they don't tend to consult a small business and we know what we know what dire straits small
00:13:05.500businesses in, but they surveyed their customers, and 50% of those executives say layoffs are
00:13:13.140coming, that they are instituting layoffs, not that they're thinking about it, that they are
00:13:16.700doing it, that they are going to lay people off. This was also telling in that same survey,
00:13:20.800in that Bloomberg article, Steve, 44% of them said that they are starting to rescind offers.
00:13:26.700So think about that. They have literally made job offers to people. People have accepted those job
00:13:30.920offers. They believe that they're reporting for work. They believe they're going to start getting
00:13:34.420a paycheck and the company is saying that sorry not not any longer 44 of them report that in this
00:13:40.860in this same bloomberg article so it's really stunning steve the level of despondency and
00:13:45.580despair that's out there in contrast with the continual cheerleading of the corporate media
00:13:50.400here's the apparatus here's how they're going to try to do it when they come back from summer
00:13:54.180it's another massive keynesian stimulus bill they're going to go to panic mode and the fed
00:13:59.260is going to continue to watch they're going to go dovish dovish and they're not going to do the
00:14:03.320quantitative tiny it's gonna be back to easy money they got the apparatus only has one way
00:14:07.380to save themselves print money print money you watch it's all coming uh by the way cortez give
00:14:13.740your give your coordinates how do people follow you and get to your great chalk talks all your
00:14:17.100analysis and your and your live hits on getter yeah please find me and getter i'm just very
00:14:21.380similar at steve i'm also still on twitter at cortez steve cortez with an s steve i gotta get
00:14:27.340you back to do the immigration we got drilled under the npr poll it's unbelievable and the
00:14:31.820nation's awakening to it there's awakening there's a great awakening short break we've got dr robert
00:14:38.180malone on tony fauci i think we're gonna get julie kelly we've got so much going on we'll get the
00:14:43.600moms that are running putting it all on the line down in florida take over school boards all next
00:14:47.840if you're cheery enough now after that economic analysis stick around you ain't seen nothing yet
00:31:02.760The CDC is responsible for interjecting essentially the CCP treatment protocol of masking lockdowns, etc., the authoritarian measures.
00:31:14.140You're going to see that become the dominant narrative.
00:31:17.240There will be a continual downplaying of the adverse events and the all-cause mortality and efforts to suppress any discussion on that, yet you're seeing it leak out from all over the world.
00:31:30.180Right now, the World Economic Forum and the World Health Organization in particular are gearing up their media manipulation campaign.
00:31:41.560They've hired thousands of people and they've literally hired a self-professed communist to head up their propaganda campaign, which is to say their efforts to quell misinformation, which is any information that's different from the official World Health Organization narrative.
00:32:02.680So what we're going to see is a concerted effort to ramp up censorship, de-platforming. Twitter is going to go on steroids. And all we can do, and we're being very effective, we are not without power.
00:32:20.160Alternative media is breaking through.
00:32:23.160Corporate media is collapsing, as you saw in that article, Steve, that you read.
00:32:28.080And we are moving to a world that will be dominated by individuals selecting their own media sources.
00:32:39.160So I think the main thing that people can do is continue to identify alternative media sources and link up to those in the event that there is a concerted effort to further de-platform.
00:32:54.040And the thing we're worried about right now is shutting down Stripe so indirectly they can shut down Substack.
00:33:02.060Yeah, give us your Substack because your stuff's great.
00:42:40.920Okay. This weekend, Google took down all my AdWords. I just found out this morning.
00:42:47.200So when you Google things this weekend, if you Google Moment of Truth, Mike Lindell, if you Google Frank's Beach, you couldn't see anything.
00:42:54.960They blocked it. Then this morning, they cut my servers to Detroit.
00:43:02.220Right now, we got this live stream up that they're watching right now, Steve, your war room.
00:43:07.040And what we're doing now, we do have stuff on a hard drive from the weekend.
00:43:12.560So we're putting the cast vote records, the inside the machines, the Clint Curtis, which is the Democrat whistleblower that did the first algorithms, and all the Dennis Montgomery stuff.
00:43:23.740We're putting everything up on the moment of truth summit.com as we speak.
00:46:07.440And none of the media is attacking me.
00:46:09.600No media is talking about the weekend, the most bombshell, shocking stuff that the world
00:46:15.240has ever seen for this to save this country.
00:46:17.880and then Steve this morning I went to come on it was a half hour I got in here to get on your show
00:46:23.740and we find out they sabotaged Frank's speech cut the things for my servers I own all my
00:46:30.060own servers in Detroit and Dallas both of them have been sabotaged but we we had a backup plan
00:46:36.800as as everyone's seeing right now if you're watching at Frank's speech this is just our
00:46:41.460separate CDN so they can always see our live stream so we're doing this right now everybody's
00:46:46.800watching the live stream the whole site's down but we have a backup plan there they don't want
00:46:51.600you to see the way to get cast vote records they don't want you to see inside the machines
00:46:56.800they don't want you to see this nerd kurt curtis that came forward and said he wrote the first
00:47:01.860algorithms and uh he's going he's a democrat he he put his heart out on the table at the summit
00:47:07.680and they don't want you to see dennis montgomery the case we just dropped in uh area in nevada
00:47:13.740yesterday to release all his information i'm gonna get to alabama you've got some traction
00:47:18.880on this i do want to you know we announced we reached out to both um smartmatic and we reached
00:47:25.140out to dominion about coming on the show to respond not in a debate to respond what mike
00:47:29.180had the weekend both of them by the way very politely came back and said hey look since we're
00:47:32.180in litigation we can't do it but uh they sent the links and we're going to put up on the site and
00:47:37.440push it out so you take a look they did send the links to their defamation suits against the
00:47:42.840different news organizations and against mike and so we're going to put it all up and if you haven't
00:47:46.340had a chance to read it i do recommend you read it you should read it they're voluminous it's
00:47:50.260there look we're we're in a adversarial advocacy system you'll see uh their complaints against the
00:47:56.620news organization you see your complaints against mike etc and i think it's particularly compelling
00:48:01.180given the information mike put up this weekend in the 50 states so you ought to see both you get
00:48:05.460and we're going to at war room we're taking cuts we're going to push out different cuts of it they
00:48:10.660got both defamation suits from smart modic and from dominion will be up there and i recommend
00:48:15.640everybody take a look at it mike let's go to the cast votes because this has got kind of a timing
00:48:20.460thing yeah go ahead i recommend i'm going to tell everybody they can also see my evidence that i've
00:48:27.780had from january 9th because now the dennis montgomery evidence was put into a lawsuit
00:48:32.400nevada to release it to the country we need to get that gag order lifted so that's what they're
00:48:38.000afraid of but yeah hold on hang on let me ask you in areas real quickly arizona nevada and now
00:48:44.200alabama just real quickly give us a summary where the suits are where do you have standing and where
00:48:49.080do you have traction where we got a shot to adjudicate this in a court okay separate from
00:48:53.540your defamation lawsuits yeah yeah arizona was the first one it was a miracle about a month ago
00:49:00.560a judge said i'll look at the machine evidence i will look at it and he's still looking at it we
00:49:06.020We had a great hearing out there, and we said, boy, if one judge does it, maybe another one will.
00:49:11.140Well, Alabama just yesterday said, I'll not only look at it, but the attorney general for Alabama, or not the attorney general, the defendant of the state of Alabama said, well, we don't want to talk about the relief of not having machines.
00:49:28.400and the attorney general or the judge ruled, I guess it was the judge ruled, oh no, we're going
00:49:33.800to rule, you're going to look at everything. You're going to look at getting rid of these
00:49:37.720machines. They're going to look at this is what the whole lawsuit is, is to get rid of the machines
00:49:42.760in Alabama before the 2022 election. So Steve, we're working these cases, these preliminary
00:49:48.700injunctions. One of the things we said at the summit, everyone, every state can do one, just
00:49:53.900get an attorney, get money to cover the attorney, reach out to us and we will give you our template
00:49:59.180and we get these going in all 50 states. Then from the bottom up, we have counties where you
00:50:04.760go to your county commissioner and your sheriff and you bring them the evidence there. We have a
00:50:09.520digital canvasser and we need the cast vote records. That was the big bombshell. We have
00:50:16.820nine days to get the cast vote records. They tried to stop us, everybody. You can email
00:50:22.020cast vote records at frankspeech.com we'll take care of you you can go to um um the moment of
00:50:28.580truth.com moment of truth summit.com go there we're going to have the cast vote very easy
00:50:34.660here's here's what you do it's a whole booklet steve that you can just look in there get you
00:50:39.500get it ready go up to your county clerk and get those records i'm going to go through the booklet
00:50:44.200tonight mike we got to bounce what can people get to lindell tv and frank speech right now tell us
00:50:49.780how you get access to the network emma robinson follows us she's a rock star so on your channel
00:50:55.540you guys and lindell tv go to frank speech.com exactly you're gonna still see the live stream
00:51:03.020we hooked that back up they cut everything else you're see you're watching steve right now emma
00:51:07.920robinson is next we'll follow us okay um mike thank you i'm gonna go through the booklet this
00:51:12.860afternoon people gotta know about this cast votes you you keep fighting on brother they can't shut
00:51:17.660down lindell he's impossible he's an armor-piercing shell real quickly i want to we had a technical
00:51:21.480problem earlier let's go to bridget ziegler bridget i need you just to give where everybody's
00:51:26.080supposed to go today to support your candidacy in sarasota walk us through how they get out to vote
00:51:31.500everybody that knows anybody in sarasota or people in the general sarasota area where do they go
00:51:35.860uh you have to find your precinct so go to sarasotavotes.gov uh to find your precinct and
00:51:43.520Again, today we have the opportunity to flip the board to a conservative majority.
00:51:47.880In a conservative county, it's been a majority led by liberals.
00:51:51.540So everyone needs to show up in Sarasota County.
00:51:54.200Find your precinct by going to sarasotavotes.gov and show up anytime today up until 7 o'clock