Valuetainment - The Real Reason Why The Market Hasn’t Crashed… YET

00:00:00.080 Remember a couple years ago how everybody was talking about that a market crash was coming?

00:00:03.680 I've done a couple videos on that.

00:00:05.020 Everybody's like, oh my God, what if it happens?

00:00:06.400 What if it doesn't?

00:00:07.000 Now everybody's talking about it's going to be soft landing.

00:00:08.780 There's not going to be any recession.

00:00:09.940 And there's one thing that people forgot about.

00:00:12.160 The saying, only the paranoid survive.

00:00:14.600 So people are now, it's totally fine.

00:00:16.520 Look at the market.

00:00:17.700 It's near all-time highs.

00:00:19.660 But is it really?

00:00:20.580 If you were to pull out the top seven stocks, when you see the numbers on this, it's staggering.

00:00:25.120 And on top of that, there is an indicator of when a recession actually hits.

00:00:29.260 And it isn't while we're raising interest rates, the Fed.

00:00:31.880 It happens after we stop raising rates.

00:00:35.140 And wait till you see how long it takes for the market to crash.

00:00:38.220 And by the way, I've got a bunch of other data to share with you.

00:00:40.260 But I've learned one thing for sure.

00:00:42.240 Having been in the financial industry since the day before 9-11, only the paranoid survive.

00:00:46.340 And those who are way too confident are typically wrong.

00:00:49.400 And those who are way too cocky are also typically wrong.

00:00:53.120 Okay, so if you get value out of this video, give it a thumbs up and subscribe to the channel.

00:00:56.120 Let's get right into it.

00:00:56.920 So here's U.S. interest rate hikes in the history of America.

00:01:00.540 When we raise rates, we have never raised 4.88 percentage points as quickly as we did in the States.

00:01:09.680 So if you look at this here, the yellow to the left shows how quickly we kept increasing rates.

00:01:14.800 And you'll see the lowest was from 2015 to 2018 when we raised 2 points.

00:01:19.720 Then you'll see 1999 to 2000, we raised 1.51.

00:01:23.620 And then you'll see 2004 to 2006, over 2 years, we raised roughly 4 points.

00:01:27.680 94 to 95, 2.67.

00:01:29.600 88 to 89, 3.3.

00:01:31.160 But nothing comes closer to 22 to 23 of 4.88.

00:01:34.860 But what does this really mean?

00:01:36.140 So if we look at the balance sheet, this is pretty much the quantitative easing balance sheet.

00:01:40.680 If you look at the top, that shows how much bonds the Fed is buying.

00:01:45.620 But if you look at the bottom, the M2 money supply shows how much money is circulating in the economy.

00:01:50.940 So you notice, if you go to 2020, look how historically it's gradually climbing, climbing, climbing.

00:01:55.940 But it's nothing that's sudden.

00:01:57.560 Then all of a sudden, boom, we feed the economy, the market, with trillions of dollars we're not accustomed to.

00:02:03.840 And we don't have another case study for somebody to say, well, here's what's going to happen.

00:02:07.500 Well, it's totally okay.

00:02:08.360 Well, don't worry about it.

00:02:09.420 Based on what?

00:02:10.080 Based on what case study can you speak so confidently, saying nothing's going to happen?

00:02:14.360 So look, I've been in the financial industry since 9-11, the day before 9-11.

00:02:17.680 And I've owned stocks, bonds, mutual funds, real estate, crypto, gold, you name it, I've owned it.

00:02:22.460 But the one thing that's a very important part of my portfolio all these years is gold.

00:02:27.340 I love having a percentage of my net worth in gold that I have access to in case of many different things.

00:02:33.460 A few facts you need to know about gold.

00:02:34.900 Number one, the gold market cap is $11.8 trillion.

00:02:39.580 Since 2000, the compound annual growth rate for gold has been 9.24%.

00:02:45.340 And during times of high inflation, 3% plus has been 15.35%.

00:02:50.740 Now, those are just some numbers for you, but there's some other benefits to add gold to your portfolio.

00:02:55.460 Number one, hedge against inflation.

00:02:57.540 Number two, results showed recently that 93% of central banks are working on a CBDC.

00:03:03.100 So this means what?

00:03:04.180 That could be a manipulated currency that they own.

00:03:06.480 If you own gold, it's a non-duplicatable asset.

00:03:09.620 You're now hedging against CBDC taking place.

00:03:12.680 Number three, a potential cyber threat.

00:03:14.680 If it happens, you don't have access to your money, you don't have access to your accounts,

00:03:17.980 but you have access to your hard physical gold.

00:03:20.240 Number four is anonymous.

00:03:21.580 No one knows you have that gold.

00:03:22.760 And last but not least, diversification.

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00:04:00.040 Again, 866-939-6984.

00:04:04.820 Everybody is almost protecting whatever business they're a part of, investment they have.

00:04:09.220 They're trying to sell why they're right and maybe don't worry about it or do worry about it.

00:04:13.660 But the reality of it is nobody knows 100% what's going on because we've never been here before.

00:04:17.620 So let's continue.

00:04:18.440 So then 2024 projections, what's next for the U.S. economy?

00:04:22.240 They did a survey to find out who thinks a recession is coming.

00:04:25.760 Look to the left.

00:04:26.560 The Fed staff says 0% there's not going to be a recession.

00:04:29.960 I remember, they're in the business, so they're supposed to be saying that because that is Wall Street, right?

00:04:34.520 Yield curve says 61% chance of recessions coming next 12 months.

00:04:38.620 Economists are at 48%.

00:04:40.160 Consumers are at 69%.

00:04:42.220 That's Main Street, you and I.

00:04:43.820 Goldman Sachs is saying only 15%.

00:04:46.440 Bank of America, 35% to 40%.

00:04:49.480 But look at CEOs, 84%, okay?

00:04:52.160 C-suites are saying 84%.

00:04:53.580 Now, what would CEOs know that the rest of them don't know?

00:04:55.740 Maybe they know their debt payment.

00:04:57.140 Maybe they know when their debt payment interest rates that they got was lower.

00:05:01.520 That if they have to renew the debt that they got, it's going to go up here.

00:05:04.460 How the hell are we going to make those payments?

00:05:06.040 Maybe we ought to look at what some of these CEOs are talking about.

00:05:08.740 And if you go to the bottom, you'll notice the percentage of S&P 500 companies citing keywords on earning calls.

00:05:14.920 Look at what's happened from Q2 2022 to Q2 2023.

00:05:18.780 What words they're using fewer times.

00:05:21.260 Inflation has decreased.

00:05:22.640 Material costs decreased.

00:05:23.900 Economical slowdown decreased.

00:05:25.960 Job cuts went up, but it's also decreased.

00:05:28.420 So could this be a sign that everything's going to be okay?

00:05:31.180 If yes, why are CEOs at 84% saying a recession is coming?

00:05:37.640 Are they Houdini?

00:05:38.620 Are they Nostradamus?

00:05:39.840 Are they somebody that can predict the future?

00:05:41.620 What do they know that the rest of the people don't know?

00:05:43.580 Now, when it comes down to S&P 500, these are the 500 biggest companies in America.

00:05:47.460 Something very interesting is happening.

00:05:48.880 There are seven companies that make up 28% of the S&P 500.

00:05:55.080 Let me break this down for you.

00:05:56.620 500 biggest companies, seven companies make up 28%.

00:06:00.820 In the history of S&P 500, never has there been a time where seven companies make up 28%.

00:06:08.160 We've never had seven companies.

00:06:11.020 You know, too big to fail.

00:06:12.060 We've never had seven companies.

00:06:13.660 Now, what are these companies?

00:06:14.440 You got Meta, Facebook, NVIDIA, Apple, Microsoft, Alphabet, Amazon, and Tesla.

00:06:20.680 So why is this important?

00:06:21.640 Here's why.

00:06:22.080 If you look at the S&P 500 year-to-date returns, you will notice a number roughly around 12.4%.

00:06:28.420 Could be higher, could be lower, but it's not 12%.

00:06:30.820 You know what Magnificent Seven's return is for the year so far?

00:06:33.700 Roughly 92%.

00:06:35.260 So what happens if you take the seven stocks out and there's only 493 stocks left?

00:06:41.840 How's the S&P 500 doing?

00:06:43.140 It's down.

00:06:44.440 So the seven are pulling the rest of the market and it looks like everything else is 0.99

00:06:49.340 okay, but is it really?

00:06:50.780 So we decided to break it down to see how small cap companies were doing, mid cap companies

00:06:55.800 were doing versus large cap companies.

00:06:57.720 And you will notice a trend here.

00:06:58.880 Watch this.

00:06:59.680 Okay.

00:06:59.840 So if you look at this chart, you'll notice three different funds here.

00:07:02.200 One is the SPY, which is the S&P 500.

00:07:04.520 The other one is the Russell 2000.

00:07:06.340 Then you have the micro cap ETF.

00:07:07.820 So if you look at these, the S&P 500 is companies valued roughly at $12.7 billion or higher.

00:07:14.040 Top 500 biggest companies in America.

00:07:16.080 Russell 2000 is company sizes $300 million to $2 billion market cap.

00:07:21.240 And then the micro cap is from $50 million to $300 million.

00:07:24.520 So if you look at this, what do you notice?

00:07:25.720 You'll notice SPY is up 18.66%.

00:07:28.540 The rich get richer, the big get bigger, the stronger get stronger.

00:07:31.600 Great.

00:07:32.060 Russell 2000 is only up 7%.

00:07:34.780 But look at the micro cap.

00:07:36.300 Micro cap companies are down 1.85%.

00:07:39.940 So why is that?

00:07:40.840 Is it the bigger guys can afford to go through a season like this?

00:07:44.300 They can weather the storm and it can kind of handle it because the amount of cash they

00:07:47.860 have in capital they have in the smaller guys cannot possibly, but we cannot fool ourselves

00:07:51.760 thinking the market is up just because these seven magnificent companies are carrying the

00:07:55.620 weight.

00:07:55.920 So, so far, the reason why the market hasn't crashed is one.

00:07:58.180 Magnificent seven is holding the S&P 500 high.

00:08:00.360 So people are like, it's going to be okay.

00:08:01.620 Number two, unemployment is super low, 50 year low.

00:08:04.140 So people have jobs, they're paying their bills.

00:08:06.140 They're not really that worried about it.

00:08:07.540 They are worried, but not that worried about it to the point that the market has to think

00:08:11.320 about maybe a crash or recession coming around the corner.

00:08:13.980 However, number three, something to be concerned about because the US consumer credit card

00:08:17.380 debt tops a trillion dollars.

00:08:18.740 So you may say, Pat, credit card debt, trillion dollars.

00:08:22.160 I get it.

00:08:22.700 It's the highest it's ever been in the history of America.

00:08:25.100 It's not like that's that big of a deal.

00:08:26.760 We've been spending money on credit cards for a while.

00:08:28.900 Fine.

00:08:29.540 No problem.

00:08:30.180 But look at this chart.

00:08:31.220 Tell me if this concerns you a little bit.

00:08:32.880 This is the credit card interest rate.

00:08:35.020 This shows you, let me explain what the differences are.

00:08:37.560 Blue is the credit card rate.

00:08:39.960 Orange is the five-year US treasury.

00:08:42.740 The gray is the difference between the two.

00:08:45.620 So look at credit card interest rates is the highest it's ever been because as rates go

00:08:51.600 higher, your interest rate on your credit card goes higher and then it makes you miss

00:08:56.940 payments more.

00:08:57.720 So if you had a $33,000 credit card total debt and it keeps going higher and higher and

00:09:02.040 higher, your payments are getting bigger and bigger and bigger.

00:09:05.260 The average person's like, look, I can't afford to pay 300 bucks a month.

00:09:08.040 I can't afford to pay $420 a month.

00:09:09.820 All of a sudden it went up or a bigger number than that.

00:09:12.100 $420 now it's 580, but this is not a good sign of what's taking place because people's

00:09:18.180 interest payments are officially higher than they've ever been before.

00:09:21.520 Now, for some of you guys that are watching this, I don't want to break it to you.

00:09:24.060 I got some bad news for you.

00:09:25.160 You know, the 30, 40 million students or Americans who were paying their debt for their student

00:09:29.780 loan.

00:09:30.080 Remember that whole where the government said, yeah, during COVID, don't worry about making

00:09:33.260 the payments.

00:09:33.680 We're going to defer this.

00:09:34.460 In October, those things are coming back.

00:09:35.920 So think about 30 to 40 million people having to pay another $300 per month.

00:09:40.040 That starts this month.

00:09:41.460 So put that on top of everything else that's going on.

00:09:44.040 Another 300 bucks a month.

00:09:45.520 Now, this next one is going to be crazy because this next one, some people could say, Pat,

00:09:48.380 this is why the market is not going to crash.

00:09:50.160 And I'll give you the argument.

00:09:51.340 Let me show it to you.

00:09:51.880 So if you look at this chart, what this shows is the weighted average mortgage rate.

00:09:56.260 So currently mortgage rates are well over 7%.

00:09:59.000 In some cases at.

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00:10:39.100 8% about 4% or 5% higher than the lowest mortgage rates we had set earlier in 2022.

00:10:47.560 So this is like a year and a half ago.

00:10:49.060 We're on 3%.

00:10:49.940 Today we're at say 7.5%, 8%.

00:10:52.540 Despite the sharp increase in interest rates, the weighted average rate has barely ticked up.

00:10:57.860 Only those buying houses are affected by no mortgage rates and there aren't many home buyers.

00:11:02.740 So what this means is the weighted, if you take everybody's mortgage loan, everybody's loan together and you average it weighted rate that they have, it hasn't increased because people are not refinancing.

00:11:13.700 The refi business is dead today, right?

00:11:16.700 Only the people that are buying a new house are paying these new high rates and people are not buying as many houses as they did before because people are not selling.

00:11:23.960 Because those who are not wanting to sell, they don't want to go from a 3% loan to an 8% loan.

00:11:28.160 You get the idea?

00:11:29.200 How long this can last?

00:11:30.420 No one knows, but they're still hanging on to that loan saying, I'm not giving up this 3% loan.

00:11:34.900 Okay, so that was a breather.

00:11:36.600 I gave you some bad news.

00:11:37.440 That's a student loan you got to pay.

00:11:38.500 It reminded you were kind of upset.

00:11:39.640 Then I gave you some good news.

00:11:41.240 This is the real news you want to know about why the market hasn't tanked.

00:11:44.460 When you look at this chart, this is the Fed funds and the lag effect, the lag, the delayed lag effect.

00:11:51.060 The graph below shows the Fed fund rate and the time is as measured in months from the last in a series of rate hikes preceding each recession since 1981.

00:12:02.700 So, meaning, they're increasing the rates, increasing, increasing, increasing, increasing, increasing.

00:12:06.860 Boom, they stop raising.

00:12:08.200 How long did it take until recession hit?

00:12:10.680 If you look at these numbers, you'll see a 6, a 15 months, 8 months, 17 months, 10 months.

00:12:16.020 You know what that means?

00:12:17.120 It takes roughly 11 months from the moment.

00:12:19.580 We stop raising interest rates, that recession appears.

00:12:23.320 Again, if this data is real, say they raise interest rates next month, the month of November.

00:12:28.400 Okay, let's go 11 months.

00:12:29.680 December, January, February, March, April, May, June, July, August, September, October of 2024, a month before election.

00:12:40.540 There should be a recession in America based on this chart.

00:12:44.340 That's what should happen in 11 months from November.

00:12:46.800 Now, some people may say, well, Pat, how come more corporations are not filing bankruptcy?

00:12:50.780 How come all this stuff that happened in 2008 is not happening today?

00:12:53.500 Because these corporations, if you look at this chart, what they were doing is the money they took.

00:12:57.900 Companies were taking millions and billions from banks saying, go get some more money from the bank because it's so cheap.

00:13:04.360 What do we do with the money?

00:13:05.220 Just set it aside.

00:13:06.160 Who cares?

00:13:06.820 Well, go get the money.

00:13:07.740 Yeah, but the rates are only locked for three years or two years or four.

00:13:11.040 Go get 50 million.

00:13:12.500 Go get a billion.

00:13:13.680 Go get 100 million.

00:13:14.580 And they did.

00:13:15.360 So what did these corporations do?

00:13:16.740 They took that 50 million dollars at 3% and they bought bonds.

00:13:20.440 So the difference, let's just say the bonds paying 6%, the 6%, 3%, the 3% they're making on top of us.

00:13:26.060 Okay, we're making 3% on 50 million bucks.

00:13:28.000 Every year we're making a million and a half in interest.

00:13:29.940 This is awesome.

00:13:30.800 We should have borrowed more money.

00:13:32.040 However, if you look at this chart, you know what's coming up?

00:13:34.140 Here's what's coming up.

00:13:34.920 When that expires and it matures and then it goes from 3% to 8%, they're going to be in deep trouble because they have to make those payments.

00:13:44.540 They can no longer make money on that.

00:13:45.820 So what do they do?

00:13:46.580 That's when they have to say, hey, we don't want this loan anymore.

00:13:48.780 Let me give it back to you.

00:13:49.540 If they have the money or two, banks are going to say, we're expecting a payment.

00:13:53.940 Do you have it?

00:13:55.000 Can we wait another month?

00:13:56.380 Can we wait another two months?

00:13:57.660 This is why a company called WeWork that was valued at $47 billion in 2017 where SoftBank gave it $18.9 billion investment just defaulted on a $95 million payment this month.

00:14:13.600 WeWork.

00:14:14.000 We haven't seen a lot of this yet.

00:14:15.820 This is coming soon.

00:14:16.700 So let me unpack this lag effect of these corporations having to pay their interest on the loan that they took.

00:14:21.700 So take a look at this chart.

00:14:22.860 If you look at this chart, this is corporate debt maturing in billions of dollars to the left.

00:14:27.460 So if you look at the remainder of 2023, you'll notice they have roughly another $220, $230 billion of interest payments left to pay.

00:14:35.760 They're going to end up paying roughly $525 billion in 2023 of corporate debt maturing.

00:14:42.580 This is the entire year of 2023.

00:14:44.220 But look what it's projecting to go in 2024.

00:14:46.980 Roughly $790 billion matures.

00:14:50.700 How much does it mature in 2025?

00:14:52.160 $1.1 trillion.

00:14:54.560 And then it goes to roughly $1.2 trillion, give or take.

00:14:58.200 2027 stays at a trillion.

00:15:00.040 2028 goes closer to $1.3 trillion.

00:15:02.940 How are they going to go all of a sudden from $2, $3, $4, $500 billion to $1 trillion to $1.4 trillion, $1.5 trillion?

00:15:09.180 And this is why when we ask the question at the beginning, who is the least optimistic about recession?

00:15:17.220 84% CEOs.

00:15:19.100 Maybe they know something that others don't because they know that debt is coming.

00:15:24.840 So, so far we've talked about, imagine the average individual is like, look, dude, you might, school loan, I got to pay for it now.

00:15:31.120 Now credit card debt went up all of a sudden to the highest it's ever been.

00:15:34.040 Dude, I can't afford these payments.

00:15:35.440 And you're noticing the defaults right now, you know, commercial real estate companies are defaulting on their payments.

00:15:40.840 Subprime auto finance.

00:15:42.060 So those people that don't have good credit that bought a car, they're starting to default with their payments because their interest rates are going up.

00:15:47.180 They're defaulting.

00:15:47.780 They can't afford to pay it right now.

00:15:49.080 But who else is experiencing this?

00:15:50.780 Well, these were all small things we're talking about, right?

00:15:53.300 You know who else owes a lot of money?

00:15:54.900 What corporation in the world owes the most money?

00:15:57.080 You know what that corporation is called?

00:15:58.380 The great United States of America.

00:16:00.260 You know what's going to happen to them every time interest rates go up?

00:16:03.360 Let's break it down for you.

00:16:04.440 So U.S. roughly owes $33 trillion of national debt.

00:16:08.800 Math would tell you and I that each 1% increase in interest rates pushes the government's interest expense up by, you know how much?

00:16:17.880 $320 billion each percent.

00:16:20.200 Each 3% is a trillion dollars.

00:16:22.620 Just interest.

00:16:23.620 Increase.

00:16:24.440 Not total.

00:16:25.300 An increase of an additional $3 trillion at each 3%.

00:16:29.440 So just to kind of put that in context, if you look at this chart, look what it shows you.

00:16:32.800 This is the interest expense we've had in U.S. from 1970 till today.

00:16:36.180 You know how it's gradually gone up, gone up, gone up.

00:16:38.680 But it's not been anything crazy.

00:16:41.080 Then look at COVID.

00:16:42.420 Boom.

00:16:43.100 Boom.

00:16:44.740 Skyrocketed.

00:16:45.560 How are we going to make these payments?

00:16:46.620 I have no clue.

00:16:47.420 But they're going to come to you and I because it's really our debt.

00:16:49.780 The government is we the people.

00:16:51.740 You and I are running, you know, we hired these people to run this corporation, but they come to you and I to fund it.

00:16:58.540 So guess who they're coming to very soon?

00:17:01.820 You and I.

00:17:02.500 You know, there are certain things you look at to be motivated and excited about the future.

00:17:05.860 You may want to skip this next chart.

00:17:07.140 You will take a look at this chart here.

00:17:08.260 So again, remember this corporation we're talking about called the United States of America?

00:17:11.300 Here's what this is.

00:17:12.160 The green is the tax revenue our government gets every year from you and I.

00:17:16.480 The orange is our GDP, the blue is our interest payment, and the red is our debt, the $33 trillion debt.

00:17:24.580 Look how many, many years ago in 1980, everything was right next to each other just 43 years ago.

00:17:30.400 They're neck and neck.

00:17:31.500 All of a sudden, boom, the red goes off to the roof.

00:17:34.960 Look, it just skyrockets all the way to the top.

00:17:38.540 GDP is a gradual growth.

00:17:40.320 And guess what all of a sudden caught up to being the second highest now?

00:17:43.240 It's our interest expense.

00:17:44.860 This is not good news.

00:17:46.480 This is why every time these guys don't want to go get their, you know, balance their budget, except they want to spend money.

00:17:51.820 And people say, well, it's okay.

00:17:53.040 Well, it's okay.

00:17:53.640 Well, it's okay.

00:17:54.340 You're just telling them, don't do your job.

00:17:55.880 It's okay.

00:17:56.240 Keep spending money.

00:17:56.880 I'm okay with that.

00:17:57.780 This is our doing because we voted these people in.

00:18:01.180 You and I voted these people in and they're managing U.S.'s finances in a reckless way.

00:18:06.340 Okay.

00:18:06.600 So if you're watching this and Pat, okay, so what's your point?

00:18:08.520 Do you want me to start my day being worried?

00:18:10.840 Should I be stressed out?

00:18:11.860 Someone just shared this video with me and I'm sitting here saying, what the hell is this all about?

00:18:14.860 Am I supposed to now lock it up and just not spend any money and not do anything?

00:18:18.480 Here's all I'm saying to you is I subscribe to the concept of only the paranoid survive.

00:18:24.340 I'll give you a story.

00:18:25.080 I'll wrap it up.

00:18:25.700 Last night, Sunday night, I'm playing Monopoly with my two sons and my daughter.

00:18:30.320 One of my sons decides to play very conservative and he's keeping and hanging on to all the cash.

00:18:36.640 He's not buying any property.

00:18:37.840 It's like, no, no, no.

00:18:39.640 So he's got the most cash.

00:18:41.220 One of my sons, every time he gets cash, he's building a house.

00:18:45.080 I'm going to build three houses on Indiana, Kentucky, and this.

00:18:48.500 I'm going to build three houses on Vermont, this and this and this.

00:18:51.160 And we're like, dude, this guy's down to $200.

00:18:52.980 And then we land on it.

00:18:54.180 Oh, you owe me $320.

00:18:56.280 Okay.

00:18:56.840 Oh, you owe me $320.

00:18:58.460 It's my turn.

00:18:59.340 I'm going to buy two more houses and I want to build on this one.

00:19:02.080 Okay.

00:19:02.500 Boom.

00:19:03.020 Oh, you owe me $550.

00:19:04.500 I thought it was $320.

00:19:05.440 I built two more houses.

00:19:06.620 I'm going to go build now three hotels.

00:19:08.360 Okay.

00:19:08.660 How much is it?

00:19:09.400 Oh, you owe me $900. 1.00

00:19:10.480 Damn. 1.00

00:19:11.240 And guess what? 1.00

00:19:11.900 You don't have any money.

00:19:12.800 I'll take that park place from you.

00:19:14.340 But that's not fair or you can't do it.

00:19:17.220 So all of a sudden he's got park place, boardwalk.

00:19:19.100 He's got all everything going on right now.

00:19:20.620 I want to build a park place.

00:19:21.540 And guess who lands on boardwalk?

00:19:23.640 Daddy.

00:19:24.900 I land on boardwalk.

00:19:26.100 You know how much boardwalk is?

00:19:27.060 $2,000 that I don't have.

00:19:29.480 So I got to give him four railroads.

00:19:31.320 And luckily I was able to negotiate a good deal.

00:19:33.320 I give him electricity.

00:19:34.560 I give him all this stuff.

00:19:35.600 And I got to give him a couple, you know, properties that I have.

00:19:38.020 And next thing you know, you know who ends up winning?

00:19:40.520 The guy that took a little bit more risks than my other son did.

00:19:45.920 And he wins the game of Monopoly.

00:19:47.440 What does this mean?

00:19:48.260 Does it mean go spend all your money right now?

00:19:50.080 No.

00:19:50.480 All it means is if your tolerance for risk isn't high, don't take it.

00:19:55.000 But don't expect to make a lot of money if you're going to be super conservative.

00:19:58.140 But if you have some tolerance for risk, this may be a good time for you to be shopping

00:20:02.040 certain things.

00:20:02.840 Because the next 3, 6, 12 months, people may be very scared.

00:20:05.740 And FYI, don't let the arrogance of people saying, everything's going to be okay.

00:20:09.880 The market's not going to crash.

00:20:11.240 It's going to be a recession soft landing.

00:20:13.080 Whenever anybody says that, including myself, just kind of say, I don't think anybody knows

00:20:16.560 what they're talking about.

00:20:17.660 I'm just willing to listen to everybody.

00:20:19.500 All I know is only the paranoid survive.

00:20:21.700 Having said that, if you got value out of this video, give it a thumbs up.

00:20:24.660 Subscribe to the channel.

00:20:25.580 If you've never seen a video on the dollar collapsing, highly recommend you watch this video.

00:20:29.660 Click here to watch it.

00:20:30.360 Take care, everybody.

00:20:30.900 Bye-bye, bye-bye, bye-bye.

Valuetainment - October 16, 2023

The Real Reason Why The Market Hasn’t Crashed… YET

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