The financial superbubble that could kill America (is happening NOW)
HTML-код
- Опубликовано: 26 июн 2024
- ✉️ OUR NEWSLETTER: www.abundantia.co/
📚 OUR COURSE/MEMBERSHIP: jointheorder.co/
We're in an economic superbubble, and it could end the financial stability of the West. Or at least that's what world-famous crash predictors Jeremy Grantham and Michael Burry believe in any case.
A superbubble has only happened three times in the last century, and it meant catastrophe for world markets on each occasion. The worst of all was the stock market crash of 1929, an event that led to The Great Depression; the worst economic slowdown in the history of the industrialised world. Unfortunately, the one we're in right now could be worse.
Grantham says our superbubble could be devastating because it involves more asset classes than ever before. And Michael Burry (of The Big Short fame) has been saying for over a year that we're now on the verge of an econoic collapse, one he believes will hit us this year.
Please let me know your thoughts below.
0:00 - We're in a superbubble
0:47 - Predicting a financial collapse
2:26 - Why do they believe a crash is coming?
4:30 - What this crash could look like
6:47 - Steps to prepare for a crash
7:59 - Some final thoughts
► IMPORTANT LINKS:
Enter your email below for free weekly lessons and insights into becoming financially free, investing, global tax and corporate structures, passports, residencies, and more.
www.abundantia.co/
► SOCIAL MEDIA:
• Abundantia Instagram: @abundantia.co / abundantia.co
• Sorelle's Instagram: @sorelleamore / sorelleamore
• Leon's Instagram: @leonhill / leonhill
• Abundantia Twitter: / abundantiaco
• Abundantia Facebook: / abundantiafinance
Sorelle and Leon.
Founders, Abundantia
Liability Disclaimer: www.abundantia.co/disclaimer
*We may earn a commission if you buy any products or services via the links in this video's description. This video is not investment, financial, or legal advice. It may be incorrect, outdated, inaccurate, or reflect personal opinions. This video is for entertainment purposes only.
Presented by Sorelle Amore.
Written by Leon Hill.
#Superbubble #stockmarket #financialcollapse
What do you think is ahead of us? Let me know below.
✉ OUR NEWSLETTER: www.abundantia.co/
📚 OUR COURSE/MEMBERSHIP: jointheorder.co/
Mr satan REEEEE REEEEE The salt must flow..
It is called wealth harvesting (transfer from the many to the few). We've recently experienced one with the plandemic, so don't expect it to have hurricane forces. Truth is, since the world economy is artificially created, any complex analysis is just a smoke screen to distract and confuse those with better cognitive capacity. Prevention: drastically reduce government size, remove politically assigned leadership from the remaining branches, replacing them with the professionals currently doing the real work. Water and place under the sun.
It's inefficient to keep money in virtual various deposits, they can be blocked, better use them to endorse hemp farms or other farm related things to aid for food production and other materials good for wearing or manufracturing helping products. Also weed farms! Farming equipment and buying more land would help, better check for the land to not be cheap spitted with blood or other vicious things. Have a forest maybe! Build a fort also. ;)
Sorelle you remind me of lilli the cat on Dumbo circus 😁
“Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions placing our currency and credit system in private hands.” - Theodore Roosevelt
THE BEST THING WE CAN DO IS TO BUY OURSELVES GOOD GUNS, KEEPING DRY THE POWDER, LEARN HOW TO HUNT AND TO PROTECT OURSELVES AND OUR HOMES. JUST LIKE IN THE MAD MAX MOVIE.
Prepare by purchasing precious metals, multiple properties, get multiple bank accounts, second residency, pay off debt. Sounds easy enough. Now I have to figure out how to achieve all this with an empty wallet and an expired can of beans.
Everything sounds easy in theory. Not saying in practice it wouldn't be harder!
Easy. You sell beans one by one with a magic bean certificate for each bean, that promises to the owner luck, beauty, health and a secure place in heaven. Almost what bankers, politicians and priests have been doing for decades. 😀
- Play 1977 straight in your local lottery 😀
hopefully you win 5k to get you started
I see you're can of expired beans, and will raise you a car i can no longer afford to fuel...
We all basically need to chill the f*** out. Our anxiety will make it worse. After chilling tf out, we need to find ways to live sustainably amongst ourselves again.
The biggest difference between now and 1929 is that back then they had community, culture, a fairly common skillset of farming, and real spirituality to help see them through.
Now we have graft, violence, ignorance and balkanization, especially in the cities.
Things might look a whole lot uglier than in the depression.
It will be the Purge that they told was coming via the film. Also Hunger Games with the walking dead sheeple true to pillage as they're clueless to the reality until it hits them in the face directly then they'll come to take from others.
And low cultur back ground people streaming into high culture zones...
@@_Hal9000 Then teach them culture.
@@cameronf3343 With what? They will come with weapons. You can’t teach violent people in times of chaos.
@@cameronf3343
Well, in switzerland, some have to attend lagnuage class and culture class.
But only few have the motivation to integrate.
I guess it is the same there.
It’s essential for everyone to understand that this financial disaster that is looming upon us has been deliberately engineered
Say it ain't so, Joe.
Every financial disaster is deliberate....
Well it's "deliberate" in the sense that our judgment was ill prepared to make such decisions.
In other words we missed viewed our circumstances, as in theres a miscalculation in our judgment.
I for one do not buy the "satanic rich" narrative. As one who's been in both shoes; these leftist populistic narrative falls apart once one understands a simple fact; these men are there for a reason.
For a better understanding of wealth I recommend the philosophy of Adam Smith.
Equity
to implement blockchain government currency so that you have no choice on how to spend what you earn?
I'm a truck driver and i can see what's coming since last year, i started saving and paid off credit cards. When so many people overpaid for their houses, it wont take long before they have negative equity, high consumer debt, lay off, hight interest rate, car repos, etc
keep on truckin'
Maybe I can get that ‘70 Chevelle I always wanted
Nationwide, repo's are already at 15,000 per day and climbing.
@@skeezix8156 Chevy is making a new version of it. Wait for that to come out.
@@CarMaintenanceGuy I am old gen X’er, I’m sure it’ll be cool but I’m guess well into the six figures. If everything goes to hell as expected I already know where I’d get an 69 or 70 Chevelle.
The fact that World Economic Forum Young Global Leader graduates everywhere are pushing food and energy (and all the dependencies within these primary industries) into the red during a collapsing global economy should be a strong indicator of actual intent to drive a massive change that will negatively affect most of the world's population. Trudeau comes to mind, as does key people in the Netherlands and UK who are going after farmers.
Don’t forget jacinda ardern
Putin and Zelensky are both Young Leader cultists. So we know why that's happening.
Yup it’s right before your eyes. People aren’t paying attention.
Their puppets have infiltrated all western govts now. The western democracies are all captured and following the directives of this new shadow govt. You can't build back without completely destroying everything including ALL WEALTH (especially upper middle and affluent households with assets). You can't have half the population able to sidestep the policies with some wealth. You need everyone broke and desperate to usher in a reset
Uk now has another also pm Liz(ard) Truss WEF member , go look it up folks.
In the 1920's and 30's the US currency was backed by silver and had intrinsic value. US bonds/treasure notes were payable in a currency with intrinsic value: silver. Suburbia didn't exist. The population wasn't as large. Diversified farms and orchards surround US cities, ocean fisheries were healthy and a source of cheap protein. Homes whether rural, city or a millionaire's summer cottage were mini factories with wives and or staff preserving food while it was cheap and plentiful in season for when it wasn't. US manufacturing was crippled by lack of financial backing but the factories still existed, the production equipment still existed and hadn't been out sourced to another country. Skilled labor to run the factories still existed. Fuel was plentiful and cheap the reason it was rationed was because rubber for tires wasn't and both were needed for the war.
This will be very, very different.
Nah...
I’m extremely worried, not just for an economic downturn but for war to re-emerge globally. Seems every politician and media institution are inept idiot fanning the fire of war.
War is CONtrolled demolition and strategic relocation. The theater we call war benefits the banksters on both ends.
the great reset?
@milos durovic Read more history 👍
US has to promote ( provoke ? ) WAR to try and get out of this mess they created.
UK is Partners in CRIME thus totally understandable just why they are FUELING the fire in UKRAINE.
Get BEHIND the swing of the Axe and see just WHO created all these 'Crashes' world wide.
Those that have only one ' God ' by name the MONEY GOD , UNITED SNAKES OF AMERICA.
Not inept. They're getting their marching orders.
This has been coming for a few years and the generation of cash over the last two years in most places has not helped it. The move to green industrial revolution ie. in NZ stopping mining coal and drilling for oil and shutting our refinery has left us vulnerable. The idiots in the US starting a proxy war in Ukraine will mean massive energy shortages in Europe.
If you are in a city over 500 000, get out. If it is a multiethnic city with no cohesive structures, get out now. If you are a foreigner living in a city with a cohesive structure you are not part of -- Christian in Istanbul for instance, or Muslim in Athens -- get out even faster.
My currency is inflating faster than predicted already. And yes, I'm diversified. Yes, debt free.
Stay frosty. Stay rural. You will find which areas will survive in the next 12 -- 18 months. Invest then.
This has been coming for a while, they just can't hide it anymore.I asked myself one question: 'when the stores go off line due to the credit and delivery system breakdown, how will you eat'? I walked away from a career, left the city, and bought a 30 ac . farm. And If the crash doesn't happen - oh, well, I got a chance to breath some fresh woodsy air.
Thank you for your analyses of what's ahead.
I mean I totally get your point but ask yourself one more question : "when will all those thousands or even millions people go when fleeing the cities ?" Yup that's right, right at your 30 ac farm and you won't be able to do anything about it. If our system collapses, you might have better odds in your farm sure but don't think you^re 100% secure either, that would be foolish.
@@ErgoProxyificationI always welcome a pure conjecture rebuttals. Nowhere in my post have I mentioned that I am 100% secure, but thank you for stating the obvious. You might get hit by a bus tomorrow - nothing is guaranteed. What is your point? Now, here are some facts. There are 900,000 register deer hunters. That's 900,000 sharp shooters that can hit a moving deer from 250 to 500 yards away. Those people will protect their rural communities.I rather have that than living disarmed in a city. Besides, I like the woods better than CA. I no longer pay 13000 a year in property tax. + city tax, county tax, state tax. Traffic, roaming gangs looting stores, etc.
All any of us can do, is to find our own way as this matrix is about to be shut down. Hope you're prepping. Godspeed to you.
@@lunaticfringe4190 haha I just like to play the devil's advocate to hopefully ignite an interesting comeback ;) I agree with everything you've said. I'm from a relatively less crowded place (Switzerland) and people tend to generally be more... peaceful and "civilized" let's say but when shit will hit the fan, I doubt we'll be any better so I'm taking my precautions as well (even though I'm no way near your situation, yet). Big props to you, sincerly. Godspeed to us all.
@@ErgoProxyification I work with a graphic artist from Switzerland. I was born in Poland, so my heart is still European. The influx of military age males from Africa, should alarm you all. The energy crises seem to be getting worse in Europe. Couple with the arrival of the Grand Solar Minimum It's gonna be a shit show all around. Take good care. Thank you for the conversation.
@@lunaticfringe4190 no worse than the millions of illegals pouring over southern border of the US. None of it ends well.
If we do have a Great Depressionish situation, there’s no way I see the same interventions taking place with the lack of trust folk have in government today vs the 1930s along with our country being so divided.
all according to plan. That situation will call for a change in the way we do things, a great.. _change_ of sorts.
The lack of trust in government is a planned outcome.
The people in power ensured their survival at the expense of the political class
CHAOS just maddening Chaos!
People set aside their politics when things get real(ly bad), just like people talk about September 12th 2001 being a good day, if our economy tanks then people will help each other if it comes down to it, sure the shelves will be empty, but I don’t think we’ll let our neighbors starve while we have a stockpile
Beans.
Although people joke about the rich wanting us to eat bugs, we need to realize how bad beef is, how time consuming, water and energy intensive it is, I still eat beef but the first step is knowing we have a problem and that would be the easiest thing to reduce.. eat more beans..
I see a tax on beef coming in the future, takes the same amount of energy to run a house for a day as it does to produce 1 lb of beef, but only 15% of the energy to produce 1 lb of chicken, and barely any energy for beans
Same with water
@@ShaferHart You mean a great RESET.
Too many countries have inflated currencies, too many places have lack of staple foods.
Sri Lanka was just the first, but when the others crash, it will bring the whole house of cards.
It's not just one commodity and not just one market.
It's global.
Hence the name The Great Reset
Every country you point to was controlled by the same kind of intellectually stunted, emotionally crippled morally bankrupt narcissists that are trying to ruin this country.
Hence the name "NEW WORLD ORDER".....
yes that is the point of globalisation
shared mutual failure
@@seabreeze4559 the point is control. the point is they can get away with a whole new world of abuse and robbery and mayhem if they can prevent anyone else from existing outside the system.
My grandma was born in 1925 and is still alive today. I think I have a different sense of todays context than many people do today.
We invested in land and seed, and chickens, but found the well was poisoned. It takes longer than you think to prepare. Metals failed me in the past. Looking for other options. Have a second passport, but Europe is worse off than the States now.
Europe isn't having an easy time, but not sure if it's worse. I think there are different challenges.
We are going on the same way even in Europe as they are following their plan
@@clarskyy western europe yes. Eastern europe ..untapped gold mine
@@danielc8672 explain please
@@clarskyy what plan?
Thanks for all your work. I have been following your suggestions and feel much better of what may come.
Most concerning to me @ 6:28 is his decision to buy only prison stock. This, to me, is scarier than him dumping the rest of his portfolio...
Here in Europe, people who need to renew there energy contract pay ~ 800 to 1000 euros a month, unless they *turn off the heating* this winter. That will grind the economy to a full stop. All totally done on purpose by this mindless boycott of Russia. This is not the market that can be predicted, it is orchestrated.
Yes, the big reset. Engineered by the WEF
does it matter who we blame anymore?... blame is literally irrelevant at this point and it always was. our brains need more space to be creative and create and blame takes up way too much room, like they say, blame is a fools errand
@@daniela973 Blame, as in making someone responsible for a event in the past is not very helpful. If someone is about to attack you with a knife it is not really blame we are talking about.
Then there are renters who can't turn it off or better if the neighbors don't turn it off, they will still have to pay their share.
I have to pay my share of the total energy consumation according to the square meters. So if my neighbours consume lots of energy and I don't, I still have to pay a lot more.
@@clivehaynes2183 Jfc y'all need to chill with the great reset. None of this is planned its just capitalism doing what capitalism does but on a larger scale because we've completely intertwined all of our financial and economic systems.
A thing to remember is that if a really bad collapse is imminent there are jobs that will not be of much use to most people. In a "poor" society there will be less demand for luxuries, so a skilled labourer in an essential profession might be in higher demand than let's say a softwaredeveloper (you won't care about good software if you can barely afford enough electricity to light your house). A skilled farmer, electrician, carpenter/construction worker (and the like) on the other hand will be needed in order to cover the essentials of shelter, food, lighting, latrines etc.
But in the end there is no use panicking or quickly trying to change profession, as (needles) fear will only destabilise a society further and make a bad situation worse.
Yeah... there will definitely only be most value in "essential" roles that keep society going. Won't be much of a need for RUclipsrs like us! Unfortunately, everyone wants to be a RUclipsr and not a carpenter.
*cries in artist*
Yeah I'm a carpenter myself definitely money to be made in trades really good apprenticeship programme in my county I get paid to go to collage instead of doing a useless course with no jobs on the other end. just made sense
If it's a Great Depression type of crash, then those builder skills would be useful for bartering.
@@SpynCycle57 we should all be going the way of trade/ barter. Time we realize that we are the value, the agreed upon illusion called money has none.
I would absolutely agree but I had expected some sort of downturn way before now, with all the "freebies" the govt gave away and still people are getting rich on the stock market. It's all smoke and mirrors out there!
Freebies to the 1%?
@@katdeluxy9608 loans to businesses, a lot of them fraudulent, that the government will never collect.. a lot of the stimulus and workers comp money found its way to the stock market too..it all filters through
Thank you for being so informative Sorelle. Great content!
I live in Iowa and I believe that not only is a super bubble coming but also a farm crisis. The prices have gotten so high that it doesn't make sense how a farm can get enough yield per acre to pay for the land. Also the prices of meat at the market have gotten extremely high but the farmers don't see the same return on the meat. This adds up to a farm crisis worse than we saw in the early 80s. All of this could make the great depression look like a day at the park.
And Billy Bill Gates will buy more land.🤮
Good thing about downturns is the stocks become cheap and when recovery happens, multiply in value.
There's not going to be a "recovery".
The dollar is done and by 2030, you'll own nothing and be happy.
Just hope that you have enough money left to buy said cheap stocks when shtf
When recovery happens.
Just a reminder: after 1929, it took 10 years. And guess what happened in 1939 that gave the US economy a boost? World War II.
By coincidence(?), there's actually a war going on in Ukraine, with the US supporting Ukraine against Russia. US vs. Russia. Rings a bell?
@@Nightzo that's if the companies don't liquidate.
The U.S. is an almost all consumer based economy with a lack on consumption it doesn't take a fortune teller to see what will happen.
The world is not ready for this
I don't think it's ever ready for a crash.
My wife and I took out a loan for a home prior to the Carter inflationary period. It was an ARM. Then prior to the increase turned it into a fixed 30 year. It was to our advantage to pay it off with inflated money. With inflated money we payed an extra 20 bux a month and an extra month per year. It took it down fast and for a lot less. We had to have extra jobs to pull it off and did without a lot. But it worked.
What also helped is that houses were way cheaper back then. Housing prices have risen so much in the last 30-40 years, while real wages have not at all.
But you still don't own it. It's a very powerful illusion
@@martinheath5947 You never own your house in America any ways. Stop paying property taxes for a year and the true owner will reclaim the house.
@@Extremaduur Wrong. Everything was relative back then as well.
@@243wayne1 Of course it was relative then as well. But I am absolutely right that relative to housing cost people were earning more money back then than now. So you are wrong.
Thanks !
Need to hear this
Great post Sorelle. Much love, care and blessings to you and your channel. I appreciate all the information you are sharing here.
A video explaining in more detail on how to prepare for a massive crash would be helpful. I’d love to know what type of financial moves you are making and why. Offshore banks, which country? the different assets your diversifying in. Etc. where is safe?
Buying a gardening setup. You’ll be glad.
If what is said is true then all asset classes will be affected severely by this super bubble crash. That means even if you diversify you will be affected. Some think you will come out ok, but others think you could lose everything.
When the suggested solution is diversify assets into gold and have a second passport, pretty sure that means that 95% of us are in for hard times
Look, that’s just protecting wealth. Ultimately a lot of humans prospered with very little stored wealth many, many times over for millennia. Think about water were it shut off. Think about food if your grocery stores were closed. Think about home and self defense. Think about survival skills, constructions skills, Great Depression skills, etc. How will you make fire? This is the foundation of independence and it’s the key to truly insulating yourself.
If you have any money, there’s money to be made. It’s just not going to be as easy as “up always.” The volatility will be extreme and quite profitable. Just get comfortable exiting positions on time and staying on your toes.
Yes there is definitely something coming. We will just have wait and see just how bad this engineered catastrophe is.
Thanks for your work x
Excellent information as always and thank you.
Our pleasure!
The Great Depression wasn't the necessary result of the stock market crash. It was the result of the actions taken by the government, first Hoover, then FDR that created the Great Depression.
including Smoot Hawley, one of the worst pieces of legislation ever.
No, it was Morgan calling the stock margins for purpose of deliberately crashing the banks, so he could buy them up for pennies on the dollar.
Then holding many banks, he pressured for the creation of the federal reserve.
Thanks for info!
More than a few times in the past two years I have said to myself "Wow, I just made some money... this makes zero sense!". After finally realizing why I am now all in on calls of inverse ETFs. All in. It's gonna be a rough 2023.
We don’t need Burry to let us know the gig is nearly up. Many “big” players have bugged out. I am not hopeless. We simply haven’t realized our potential.
It would be interesting if you did a video on those (whom you think are reputable) that disagree with this doom and gloom scenario. Keep up the thought provoking content.
Great content and action steps to prepare! Well done👍🏽 Thank you!!
You are captivating in so many ways!....always worth listening to!
Thanks for doing these videos sharing your insights. Found your channel a few months ago, I've been learning a lot eversince
Justin from the Philippines
Thanks for being here and watching!
I am surprised it held out this long. I was expecting 2017... If you add the decreasing numbers of the population which explains many of the available job openings, how can it not, the drought, famine, extreme environmental changes that have bankrupt the insurance agencies, war, and well basically the end of the world as we know it..... The stock market crashed the moment they pumped it up, it just had to play itself out. Food and shelter are the true gold and this time I think most will understand via personal experience. Peace
Verry True 👍
The job openings matches the number of newly disabled - 💉💉💉
Thank you ! Back to the farms ! Peace from Neuquén Patagonia ! !
America will do quite all right. Infact, the US will endure the coming worldwide down turn better than any other country. Ready Peter Zeihan "The End Of The World Is Just The Beginning", and look up his interviews. Great stuff.
Don"t agree. The world is what you make of it. Stop listening to the extreme social media posts and really look at reality and pier reviewed literature. You will find most of the dooms day narratives are false exaggerations. If they are real, most are cherry picked examples to drive funding for their respective research. Climate change is real, but so is adaptation. There are climate records going back 100"s of millions of years which shows our planet has gone through much more extremes than even the most extreme doomsday theories out there.
Thanks, Sorelle! Your insights are helpful, as usual 😊
Thank you
Interest rates have been so low for so long (and we’ve printed TONS of money). The pendulum needs to swing the other way to balance the market, but we’re not accustomed to higher rates (or high inflation). IMHO, the good times are over for a generation or two.
I'll make my own good times.
Why isn't Manhattan suffering?
If these are the "good times" then eating billy-can stew cooked over a burning barrel doesn't sound so bad. We might have a bunch of material junk but the average person couldn't be more miserable.
So we understand that Burry and Grantham were right about some pretty huge events, but how many times were they wrong about crashes?
Lots. But that doesn't mean we should ignore them now.
Regardless of how many times he's been right or wrong, he's beaten the market most years and is a great investor
It's not just Grantham and Burry. There are several, including Munger and Buffett, who are saying similar things.
@@slightlyaboveaverage76 i think dalio too, not sure tho
@@milire2668 yeah Nouriel Roubini is another one. Even the big guys like Goldman Sachs are more than a little bearish.
Thanks!
Thanks for this
Take note of every person that attends a WEF gathering and remember them all if the bubble bursts because they have contributed towards your misery.
exactly, once you have nothing to live for, pay back is imminent
In 1933 that actually made gold and silver illegal for a while.
This is heading for a centralized one world currency.
Executive order 6102. That was rich
I love that you promote the ability we all have to prepare for ourselves and be self-reliant. Love it. There are some very serious things coming down the road and we are headed toward them at a very fast pace. I believe we have time to prepare, but we have no time to waste!
If the crash is happening soon, the majority of us won’t survive. We do not have much time to prepare, especially with her advice of buying precious metal, multiple properties, and getting out of debt completely. If it happens this fall then we don’t have any time. If it happens next year then we might have a chance. However, given the actual predictions from Burry, etc. and their current actions, it looks like we don’t have much time at all.
define 'prepare'.
I was out of the market in 2009 and thought the bubble had burst and would bring on a long depression as the stock market was way overvalued. Then government's printed their way out when the zombie companies needed to fail, combined with near zero interest rates for years people racked up credit like there was no tomorrow. This whole thing reminds me on the 1929 decadence that crashed the US economy, everybody was a stock guru and their homes were climbing in value, lines of credit used to subsidize a unsustainable lifestyle for the last 10 years.
youtubers are selling free stocks to sign on to apps
that's our shoe shine boy
There has never been a case in history where a country has printed so much currency without an epic fail. The US currency is surviving on faith.
Thank you for great job!
thank you
I have been preparing for this for 10 years.
Completely self reliant & debt free
Nobody is completely self reliant
Just wait till the marauders start roaming , see you at the Thunderdome
@@Treps1 ?
A new financial system, we would have no choice to accept. Everything and everyone becomes a tracked inventory, data will be the new oil.
Thank you Sorelle
Thank you very much
My humble opinion: it won't be that bad. Maybe people will wake up remember what is really important and become humans again.
Wouldn't that be nice?!
@@Abundantiaco That was fast, glad that you agree. I really like your videos. 🙂
Yeah but it’s nice to hype up fear-mongering news for views
@@zwollekira8202 She is not that bad.
Or it could lead to the rise of figures like Hitler
Fascinating financial information.
Is this cyclic? Or is it the failure of greed in finance?
Sadly i have already lived thru two of the three events you mentioned.
So, based on experience, i am going with the second question as the reason.
I have witnessed massive mistakes and bad judgement on the parts of many many people and institutions.
The next blow out will be legendary and it will take decades to claw our way back out of the morass it creates.
Almost all finance is cyclic in some way or another.
Every single time this happened was NOT a cycle
Question, isn’t greed and its faliures cyclical?
What do you think, Douglas?
Who benefits from all this?
Bad for the poor, good for the rich 😉
When poor and average people lose their homes, the rich will move in and buy everything up, including stocks.
The "elite" create this situation so they can own more.
Brilliant, huh?
It’s the result of fiat currency and fractional reserve central banking. It’s also by design. Strap in, it’s going to get exciting!
This is the final straw I needed to start working on my Software Engineering online course. Thank you for that!
You're awesome, thank you for the insight.
At a certain point, this could become a self fulfilling prophecy. Because so much of the money in the US is controlled by such a small percentage, (Pulling some numbers out of my foggy head is what, 80% of wealth is owned by 1% of the US population) then that 1% if they keep propagating this, could cause such a crash, and then they buy back in when it crashes, becoming all the richer. Wouldn't be the first time someone tries to go on to cable TV and talk about how a company is terrible and you should pull out now, only to find out that they were hugely shorting the stock, most recently famous the game stop short that cost hedge funds tons of money. Keep your eyes on a swivel friends.
It's exactly what happens every crash, the rich accumulate assets at almost no cost. There was a huge transfer of wealth during the pandemic so we have already given the wealthy the money they need to purchase all of our homes when the time comes. Great days ahead.
For those who probably won't be able to just get another nationality or residence elsewhere or whom don't have a ton of money to throw into 'diversifying your portfolio', like myself, it's probably better to focus on locking interest rates down on loans and mortgages for as long as you can. Also work on gaining skills. They might not even have to be skills that are currently job related, but stuff like knowing how to fix things can become really valuable.
Thank you so much!
Thank You ‼️ Nicely put together video.
Cheers everyone from western Canada 🇨🇦
You are invaluable Sorelle
I believe it
I'm not sure if I do. The thing is, nobody has perfect predictions. And Burry/Grantham have been wrong more than right about these issues.
At this point I'm worried and wondering if it's still worth it to buy assets or should I keep my money on the sidelines? Inflation's making cash trash so it seems like there's no way to win.
Buy food and hold some hard assets.
@@rebellucy6200 yeah like hard bullets and weapons
r/Superstonk
Look at for example at the GDX index. The tide bring all boats up and then down. Even so the gold price, in this example. One could buy a little now and wait for the crisis to temporary bring down the price and then buy more. I personaly don't think it really matters, but this is what I have done. But more importantly, make yourself as independent of money as you can. Look for assets you whant to buy and track the price. When it is low, buy. This could be anything, for example a rolex or a house etc. Sorry for bad English.
Invest in 1 oz silver rounds from sd bullion.
Thanks for all your hard work Sorelle :) You do a great job sista
Could you consider doing an in-person interview of Dr. Michael Burry?
He's hardly ever interviewed.
i must be missing key information because while i'm at the bottom of the food chain with no savings or accumulated wealth, I dont understand how buying gold helps, you cant eat it
Feds thought if they print money, they are engineering inflation, "value" of stocks will rise, and they can politically say economy is growing,
but what it does in the long run makes the middle class poorer and they spend less money, when that happens all small businesss and large business under performs due to inflation, which causes stocks to fall due to earnings report.
So you have A pile of Cash, but it only belongs to the Rich and Cash is not staying with middle class because of high price, in a nutshell FED wants max spending of money, but because Wage did not go up, people are relying on Credit card and their debt is rising and rising! this habit of borrowing money is increasing price of goods because it creates FAKE demand in the market, at one point you will have to return the debt, that is when system loses you as the customer and everything crashes.
Bottom line is, please dont borrow what you cannot pay for
The culture of living on a credit line is mostly among north Americans.
but it's not because people in other countries are so financialy savvy but because the interest rates are too high )))
@@kirill4531 True, and the system wants us to be in Debt so that banks can stay in business, problem is that we need to stop borrowing money, and dont live beyond our means, if we want to be rich then we need to take calculated risks but blowing credit cards needs to disapear from every culture, its all about educating people.
@@InvestingMindset1 exactly, more educated people -> less populists in power -> stronger economy -> bigger middle class -> more educated people
@@kirill4531 also we should demand DEFLATION, deflation brings stable economic growth and financial stability within poor and the rich!
Awesome information yet again lady. Bravo.
GREAT INFORMATION
Maybe we are in a superbubble, hope not... By the way, very interesting financial video, thanks for sharing and keep going Sorelle Amore! 🤩 Have a nice day from Italy! 🚀
Who knows? We'll only know when it does (or doesn't) burst.
What’s worse then this is a ( super dupper bubble ) then just after that is ( ludicrous bubble ).
Then it’s game over man game over.
Maybe after the ludicrous bubble we'll be in a plaid bubble? Haha.
Great intel. Keep it up Sorelle and team.
Well Said
I find it hilarious that, as you are stating the lowest skilled workers will be laid off first and that people should diversify their talents/skills and make themselves irreplaceable, you simultaneously show clips of superfluous white-collar jobs that'll be completely useless during a mega contraction/depression.
G'morning! I believe there is no way to avoid a financial (world) meltdown. A strong economy requires a solid private sector producing goods of practical use, combined with minimal regulation and minimal taxation. We're NOT heading that way at all...
We're definitely going the way of MORE regulation and higher taxes. So I might agree with you.
Impossible when the government is cracking down on private sector production and seizing farmland. Lol
Minimal regulation and minimial taxation tend to be the reason for crashes
What private sector?
@@RedLeader327 i think you need to take look at how extremly many regulations we have and what kind of extreme consequences it gives.
When US Constitutional A16 was ratified in 1913, the US created the Central Bank.
Next in 1971 the US Dollar went off the gold standard for "silver certificates", also devalued by "reserve notes"; also, in 1971 the WEF was created.
Henry told Klaus, his student, that whoever owns food owns the people; whoever owns energy controls the country; and whoever controls money controls the world...
...and, of course the world's sudden huge impulse of currency printing seems to be "on plan". (This behavior has always collapsed empires.)
Enter high tech implants, total surveillance, artificial intelligence, CBDC, UBI, and a 2050 goal to have removed 88% of the human population (viral? food poisoning? ineffective healthcare? birth control? other?.
Looks like everything is on schedule for a central world power where everything will be like a "reset".
I guess it's nice to see someone smile while telling us everything is about to go to hell in a handbag. And of course everyone should go out and load up on gold.
Of course the FED could just stop killing the housing market for the time being.
they're propping it up
30 year mortgages shouldn't exist
Not just the biggest crash in modern history, the biggest crash in history. Ever.
According to Kiyosaki, anyway. But there are a lot of dominos aligning to make it potentially look that way. But hey, it could all end up fine.
perhaps even in the universe!
The world will abandon the dollar completely, if America keeps 0rinting money out of nothing
great work here again
You are the golden nugget wrapped in beautiful stories!
Isn't it kind of inevitable that this kind of things happens. as the saying goes what come up must come down
Cycles are inevitable at some point. Not sure if crashes have to be, but market cycles definitely are.
@@Abundantiaco true but the government responses to recessions are usually spend spend or austerity which are both equally bad in my opinion
We are already in recession and economical down turn. Money is made in bear markets not bull. Buying assets when everyone panic, cry and sell them when everyone laughs. Buy good businesses and hold them long. People who couldn't sort themselves financially don't have time to do it now or has to shift 180 immediately
Great video. Making people aware of a likely possibility is not spreading fear. It is spreading awareness and giving people a chance to take action ahead of time (instead of waiting for the last second to prepare).
We will see
Berry was very very early for the 2008 financial crisis
He took his position in 2005
We might have a bit of time... to prepare
Burry does have a habit of being habitually early.
Well then if the rivers current is bringing rocks, it then means that we should be getting ready
I’m in Queensland and have been stocking up for a while now. I’ve just begun buying things like socks and underpants knowing that it’s all made in China.
Thank you for sharing. 🙏
Good stuff
Love your videos thanks
Glad you like them!
Most people had their savings wiped out after covid hit... Myself included. It's been paycheck to paycheck ever since.
That paycheck thing isn’t gonna last forever if they keep that up sooner or later the guillotines gonna come in ain’t gonna be pretty.
My favorite Lady on the RUclips when it comes to financial advisory. So intelligent, hard worker and inspiring 🥇✨🎇🎆🎊🎈🎉🤙🏼👌🏼👏🏼🌅🌇🎆🌆
Wow, thank you!
Thank you ! And Yes agree 200% I've been training to do be a breatharian since the beginning of the year because of this craziness. I didn't know this was coming but I knew that the dodgy elites had spent 50 years planning something & a 2 year lock down didn't seem logical.
Thank sorelle
As if I’m going to pay my debts if we fall into a Great Depression
I'm guessing (wildly) that we're already in an economic downturn that'll stay relatively flat (within 10% to 20% up or down) for the next few years. I think housing will come down a bit but not crash. I think inflation will say bad for a while but I think it's done spiking. And, I think the market will just essentially be stagnant for a while. I think the whole thing has and will continue to plateau for years to come. I don't see anything like a 50% drop coming because consumer demand is so dang strong. But, I am guessing wildly. Just want to put it in writing in case I'm right.
You think the economy is strong? We’re in a recession.
I love your positive comment in the loom and gloom world!
@@taoist32 A lot of companies rise their prices now. They make everything more expensive and the companies are making more profit than before. It's fake inflation! Pure greed.
YoU are amazing!