"Global Depression by 2025" - Simon Hunt
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- Опубліковано 6 бер 2023
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Comparison of Reppond Investments, Inc.’s strategy to any stock market index is for illustrative purposes only. The volatility of the indices used for comparison may be materially different from the volatility of Reppond Investments, Inc.’s program due to differences in diversification and actual securities held by Reppond Investments, Inc. vs. the market indices. Different types of investments involve varying degrees of risk and there can be no assurance that any specific investment will be profitable or that you will not lose money.
Reppond Investments, Inc. does not make any representation that our strategies will or are likely to achieve returns similar to those shown in the performance graphs in this presentation. Reppond Investments, Inc. reserves the right to trade different funds within their strategies than those reflected in the models shown. You cannot invest directly in a stock market index, as these are unmanaged, broadly based indices, which differ in numerous respects from the specific portfolio composition. Dividends and income are included in the index returns. The S&P 500 is a trademarked term of the McGraw Hill Company, and index data was compiled from sources we believe to be reliable, however Reppond Investments, Inc. makes no representations or guarantees with respect to the accuracy or completeness of such data.
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Not a depression. A total worldwide economic catastrophe.
We have very difficult times ahead. Somebody told me a few years ago, by the end of 2024 you wont recognize the world you are living in
Pop told me many times, "Dont spend money you dont have for stuff you dont need to impress people you dont know." Good Pop 👍!
Smart man
THATS A GREAT COMMENT!!
We are already in the Silent Depression as no one will talk about it.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
Well said.
It has already happened.
Pay off your mortgage and try and get a deed of sale from the bank.
Accurate
and then be relegated to wage slaves in cities serving only the interests of those with entrenched power
I remember reading this in school
Depressions are always felt by the rich. We the poor never feel the difference because our lives are constantly in a depression
It's more like the middle to upper-middle class. The rich actually profiteer from depressions, they buy up everything like a vacuum and then enjoy the dividends when the economy goes back up. It's why they are rich to begin with. Nothing to do with work, everything to do with opportunism and the inherent farce that is our monetary system; the more you have of it the more you can make. Money was originally supposed to be a simple representation of either goods or labor. Today it is neither, it is a fraud against humanity.
True. 😅
The poor do feel depressed
The rich don't feel it...They create it.
As a poor, we already IMMUNE by the poorness of life by which Rich and powerful people created it sometimes. For me nothing to worry about, life on earth is temporary and in Heaven there is a BEAUTIFUL LIFE God promises for everyone who do His will. Be a good man. ❤hope this encourage everyone.
Who is watching in January, 2024?
Australia is crumbling and getting worse, homelessness and unemployment soaring, cost of living is getting ridiculous…
My wife and myself worked our whole lives, invested and profited well, saving, own everything we have outright - including our house and property. We feel anything but safe right now. I feel like they used us all through the years - now they're going to abuse us. Disgusting.
You worked your enrire life for a computer generated number loaned out by the banks that has 0 value other than the slave hours you put in to obtain it. You all just finally woke up because they are completing deleting the middle class. You've always been a slave , now you're going to be a slave with less
In 2025 the worlds economy will haved colapsed..
Good for you. I'm happy for you. I've been broke since 2005. Literally. Living paycheque to paycheck. Can't seem to catch a break. I live in the rust belt. Poverty area. Lots of drugs. Crime. Can't win
Not sure what I did wrong. Always went to work every day. Did the right thing. Honest and decent. Still couldn't catch a break
You will never own your house outright.
We are already in The Greater Depression. Most people just won't admit it to themselves.
Been trading 32 years and yes its the worst it has ever been not only for my Company plenty of others I know too.
Exactly
The government won’t admit it. They’re doing this on purpose
Not yet we only saw the Clowns the real circus didn't started yet.
So sad 😞
The beginning stages of it for sure.
It's not a prediction if it's already planned.
All these people never mention the fact that everyone in America took a direct 40% wage reduction through inflation in the past 2 years. That's too hard of a hit to come back from let alone to leave out of all the equations.
On cars: my dad once told me "don't buy a car that costs more than your age in thousands." That worked out pretty good.
I'd say you may need to adjust the amount down as you age though, depending on income also.
What if you are 50 then ?
Dad wisdom is THE BEST!!!! Love this. ❤
People say what I do with my money is my business. But not when its debt. You can be responsible but still suffer the consequence of other people borrowing money to buy new cars and homes. People have borrowed so much resources from the future its dragging on the present.
No offense but thats pretty bad advice. That would mean a 20k car at 20 yrs old, a 40k car at 40 n a 60k car at 60!. It all depends on your income n debt ratio n even then circumstances n prioroties. If you can lower your expectations n requirements for superficial measures of self worth n status you will always be in better position to make wise decisions. The more one can delay gratification the better also. Neither of these are easy to do given the society we r in but that is still best n some people can do it. When you look around at all these cars on the road, all of which are depreciating items if u were to see written on the back window the payment or lease amount n their monthly insurance payments it reminds u how much everyone is paying not just to look n feel good bc a nice vehicle is more pleasing to drive even if no one ever saw you, but it is a huge factor in people's self image n status. I drive much older camry n sure I'd like to get new one soon for safety reasons as well. It only has 150k but it is a 2002! And the body is ok but lot of paint damage. Im a 56 yr old female n I almost never see anyone in a car this old aside from occasional teenager/young person. I noticed during n after the pandemic even the lower income Hispanic population who used to buy many of the older Toyota n Hondas have completely upgraded. Hmm lol. I can't help but be a bit embarrassed at times even though I don't know the random people who see me in my car n my friends of course don't care or judge despite having much nicer cars. But I try to look at it as a character building experience n I honestly don't even feel that safe getting a newer car in this far left crime ridden state of NY as my next car would be a Honda or Toyota certified just a few yrs old. At least no one is going to steal my current vehicle. Lol.
I bought chickens to have fresh eggs everyday and people thought I was crazy but look at me now
I agree with you.
Some are spiritually and mentally prepared for it.
Make no mistake about it. What we are about to face over the next 5-10 years is going to make 2008 seem like a trip to Disneyland.
My grandparents told me that the depression in 1930s was horrible for the working man and women!! They said that the depression will happen again! They said we probably won’t live to see it!! But you will!! They told me that in the summer of 1964 when I was 13 years old!! Looks like they might be right!
We might see a depression soon!! There will never be a lack of exclamation marks!!
A depression is entirely possible. Many things have to fall into place for that to happen - but it could happen.
@@Reppondinvestments What will happen to the gold and other metal price during those period? What is our thought? Thanks
Why are you so excited about that awful predicition coming true Johnny? Do you like suffering? 😮
What are recession proof businesses?
I'm kind of tired of living through two economic collapses , various overseas wars, and a pandemic all before I hit 4p
I feel like I'm repeating my great great grandmother's life who lived through the 1918 pandemic, WW1 and ww2 great depression and rationing
2025? I'm pretty sure we have been in a state of depression for a few years now
NO WE HAVENT. NOT EVEN IN A RECESSION=6 MONTHS OF NEGATIVE GDP. INFLATION IS NOT RECESSION OR DEPRESSION, WHICH IS MUCH WORSE THAT NOW
Regardless of who is elected it's going to be a horrible time for millions while the few that caused the mess will be laughing from their armed gated homes. Sick!!
They cashed out already .😢
Don't forget how God said it would end for them.....they will be begging for the rocks to fall on them
Very Truth.
Until the Lord Jesus Come back.
Welcome to the banksters New world Order!
There will be Justice believe that. The mighty will fall
Depression and war goes hand in hand
EVERY 70 YEARS OR SO
At the moment we have NATO bombing Russia they’re blaming Ukraine but we know very well Ukraine does not have the ability or the weaponry because they have been decimated
Sad thing is people thinking electing new leaders in their countries will improve or change things. It won't!
This economic system will break to the point millions will starve.
Yup. This economic system, which caused the ecosystem to become severely damaged is primed to collapse. What comes thereafter is anyone's guess, but it sure won't include capitalism.
By 2025?
We have been depressed for at least 20 years.
I live on 1500 rural acres, have 20 years worth of seeds, six natural springs, plenty of deer and lots of ammo. Good luck yall!
I put my Faith in JESUS 😊
You had me at six natural springs.
I’m moving in
@@carlmorgan8452 well to be fair those are natural sources from Jesus. A year ago Jesus told my husband flee the city run to wilderness . At first i was against it . God had put in my husbands heart to sell our city home, move to the country and homestead, save water and seeds grow our own meat and food, and start to only depend on Jesus for where we eat and how we pay for our homestead . now with everything going on i see one of the many reasons Jesus was prepping my husband . And trust me growing some seeds will really have you depending on Jesus . Makes even more grateful how He meant it when He said HE provides, He does, we have been moved so far from that now to where we depend on government and stores.
They'll invade your land anyway
my car is 31 years old, I paid $2,000 for it 10 years ago. - Sure, I have had to pay for repairs, but I will take the cost and hassle of repairs any day over $1,000/month plus insurance. Biggest problem is finding parts.
Agreed Tim. I drive my old truck because I don't want to take $60-70K out of savings to buy a new one. Just not worth it to me.
I bought a 2020 chevy Silverado because my 08 chevy went down. I needed the transportation but I did not plan to buy a new vehicle. It is a lot more reliable so I'm praying that I can make it through.
We just gifted our 18 yr old son a 2007 truck in very good condition, low miles. We took great care of it. I don’t want to see our son in deep debt, good thing he’s very frugal and is grateful for his gift.
My car is ....1977..😁
I have over half a mil miles on my 2 vehicles. One is 99 the other is 11. 👍😀
Early in our marriage, while raising four children, we elected to become 100% debt-free. It took a few years, but we achieved our goal. In 1986, I left the corporate world to start my one business. Older businessmen counseled me, and the one counsel I rejected was to have a line of credit with a bank. I reasoned that my customers would be paying for everything. By carefully developing trusted relationships with high-quality suppliers, we earned excellent credit with them. We retired about seven years ago, debt free, with a nest egg to live out our lives on and faith in God. Despite our debt-free situation, the next depression will deal harshly with us, even more so with my neighbors, who are laden with debt.
Absolutely, worked hard to be debt free, still, beginning to get rough.
Your view sounds much more realistic than some well meaning but frankly NAIVE who think that because we love Jesus everything is going to be painless. This coming economic storm, DEPRESSION is a once in a hundred year event which I believe MOST people have no idea how big an event it will be. AMERICA has been riding the winners wave since the end of WWII. Prosperity has been available in many ways for hard working right minded prudent citizens. What is coming will shake a generation to the core. Yes if we focus on our GOD, JESUS he will get us through. We need to understand that our GOD does not promise smooth sailing but he does offer a a safe landing. Ultimately we will arrive in his presence.
Imo the usa will turn into a complete police state, gold will be very illegal to own , cash will be digital, and food will be controlled😢
😮
Меня всегда удивляет западная логика, какие долги перед рождением детей? 😳 нам с мужем по 35 лет, у нас ни разу не было даже кредитки, не то, что долгов серьезнее. У нас всегда есть деньги на дебетовой карте, зачем эти кредиты?
Всем привет из Москвы 🤍💙❤💪
'Go buy what you can afford' - a simple quote to live by and you won't' go wrong!
Great advice.
If people did that inflation wouldn't be as bad. Companies keep jacking prices up knowing people will use debt to continue purchasing.
We here in mighty VLT MKd have a saying -lakom gz,tragedija😏
Spend only half what you make is better
This is a good example of the saying that "in the prepper community, it's always next year", and for anyone that's paid attention and been in the community for a decade or more would agree. Nothing ever happens. It's literally always next year. People in the U'S. that live in the gulf region of the south go through bad hurricanes around once a decade, but other than that, nothing ever happens.
It’s the greed of times and there is one way to stop it. Stand up!
We're already in a depression ; the wealthy class is sqeezing the life out of the working class.
The majority of the working class is already skipping meals and taking on multiple jobs to make JUST utilities, rent and food 💀
I’m 37 and while I have my license, I don’t have a car, partly because of cost and also because I have driving anxiety so don’t drive much. I also don’t have a credit card. I will continue to hold off on both as long as I can.
Cars are really expensive between insurance the cost of the car and gas! I have not had a car in six years. When I lost my van I lost my job and have not worked since. I am disabled now but up for review I hope I don’t get denied cause I don’t drive due to my disability
The segment on automobile buying hits it right on the head for me. You see SO MANY new 80-100k dollar trucks driven by blue collar workers or even low wage workers. This is not going to end well.
Agreed. You know young people who are buying these tricked out trucks are up to their eyeballs in payments.
@@Reppondinvestments There's write off reasons for this. Trucks that are 3/4 ton and above, (f150/1500+) are immediately deductible in their whole value the year they're purchased if used for work. Also, blue collar workers are doing just fine. Does your house not have plumbing?
Makes me glad to have satisfaction with my 98 Dodge truck. Bought from a pick a part place for 750$ ...nice truck with blown head gasket..100,000 miles, clean interior and no body damage...I'm a retired technician so head gaskets on a LA Dodge easy peasy.. I remember the car prices in the 70's... inflation is a bitch..
@@Reppondinvestments Ah, I was wondering how people were affording that kind of thing. I just have a bicycle for transportation (or local buses, but I really don't like interacting with "bus people"). My personal philosophy has always been: If I can't pay for something in full, then I won't buy it (the exception being apartment rent). Although I broke that rule last year when I signed up for a stock market class, hoping to find another source of income. Boy, was that not the right field of work for me! Hated it within a month, and it took a year to pay it off, due to being fired from a job, afterward. -.-
Haha. They are dumb.
I never in a million years would have thought my retired boomer parents would have more security than me after graduating college and working my tail off for 18 years. They did well off great gains in housing and investments from printing fiat currency on the backs of their kids and grandchildren. I know it’s an ugly thing to say but it’s true.
I leased cars for the last 7 years. I was going to lease again until my cheapest payment would be 200 more per month, plus the increase on insurance. Screw it, I'm now sharing a vehicle with my partner and don't mind taking public transportation. Not having that huge, looming car payment every month has been a HUGE stress reducer.
Could be true, sadly. Things seem to be crumbling in the US. We need to cut foreign aid and start thinking domestically NOW. Homelessness, Soaring Food Prices, soaring housing costs, all areas & cost of living rising can easily create a depression really quickly.
We need to physically protest as a whole nation, like the French , to demand these changes
We are working on inflation now it's working slowly
@@ignaciodominguez3214 The government here puts a stop to that real quick
Use of insurance to dispossess "owners".?
Cut foreign aid that's a joke you don't aid anyone you kill every country you help.
Usa have attacked 50 innocent nations since ww2 God curse all ysa military army navy marines soldier's and all others involved in propaganda and attacking the innocent nations
Please keep these things on hand. Being able to treat things at home either while you wait for EMS or to prevent the illness from being bad enough to have to go to the hospital. Even if you never ever use them and the medical system in your area works like a charm it's so so important to have it as an option.
Medical basics
Medicine:
Activated charcoal: use for poisins, food poising or when you have an upset stomach. Can also be used for allergies or allergic reactions
Arnica tablets: good for bruises, swelling, sprains, strains or general pain. Arnica is called nature's aspirin
Electrolyte drink: used when the patient has been throwing up, has diarrhea, has taken activated charcoal for more than 3 days, or has heat stroke or heat exhaustion
Vitamin capsules
Ibprofen
Tylenol
Aspirin
Sanitation
Witch hazel: soothing for cuts, hemeriods, yeast infections, UTI. Is an astringent
Hand sanitizer
Doggie bags: anything with bodily fluids goes in here
Puppy pads: used to create clean area to work
Gloves
First aid:
Ice packs: used for sprains, strains, migraines, fevers, and if a person is in shock
Steri strips
Bandaids
Ace bandages
Aloe: good for burns directly after the patient has been burned until they stop feeling the burning sensation
Lidocane: spray and gel
Gauze
Herbs:
Arnica: "nature's aspirin"
Comfrey: cell regeneration
Mullein: lung support
Tumeric: anti inflammatory
Valerian: muscle relaxers
Chamomile: calming
Lavender: healing
Dandelion root: cleans kidneys
Euclyptus: mucus clearing
Peppermint: upset stomach
Rosemary: pneumonia
Milk thistle: cleans liver
Medical supplies:
Nebulizer: with breathing saline
Thermometer
Pulse ox
Tweezers
Blood pressure cuff
Misc
Razor: used to shave hair around wound
Snake bite kit
Bentonite clay: used topically for bug bites, poisin ivy, hives
Colidial silver: good for burns, in nebulizer for lung infection
Base salve: good to add oils and use on cuts
Honey
Zinc oxide: mix with colidial silver for burn cream, mix with witch hazel for rashes
Lavender essential oil
Chamomile essential oil
Rosemary essential oil
Peppermint essential oil
Thieves essential oil
Euclyptus essential oil
Thank you for the comprehensive list
Can you please help me confirm if the charcoal my fire place collects is activated charcoal...
Thank you for this list.
@@j87waldo is that not ash ? Asn is not charcoal I believe.
@@j87waldo it is not.
My husband and I worked out whole life and now when we are approaching retirement and have planned accordingly could face having everything taken from us by the government, banking industry and NGOs in the name of equity.
I’ve been saying it for years that we need to keep our local economies strong and focus on our domestic product
There predicting it because there creating it
Exactly!
THANK YOUUUUUU!
I can already feel the depression everywhere here at Seattle!
Always been that there it’s just full of wetness tears of the earth that makes the people look down and out.
I feel bad for daughter's generation as it will be hard to afford a house. I have a garden for veges, friends have garden too, no debt, house paid, living below my means, it will not be so hard when that time comes. I emigrated here with nothing so I know how to save for rainy days.
You are very smart
If it's good someone will come and steal it
@@mikepilkenton23832A
@@mikepilkenton2383that’s when you decide they will not
You just had someone on here, that said, "The consumer is fine." So I'm calling BS on that. We are not fine.
I am just wondering who in their right mind thought that a system that is fundamentally debt driven was going to be a system that was going to last a long time. Absolutely not, this was built on selfishness and short term gains. If this country and the people that implemented this financial system cared about the upcoming generations, TRUST me debt wouldn’t be in the equation. It’s all good though, every action is accounted for if not in this life for sure the next. Peace.
Debt based financial system, i.e 'riba' or usury is seen in Chrisrianity as a sin. it was also declared ilicit 1,400 years ago in Mecca for some good reason
But it HAS lasted a long time. The collapse won't be organic. The GOAL IS AND ALWAYS HAS BEEN TO DESTROY AMERICA.
Thank you. I could never understand those who justified the deficit too
Burn the money printing machine and return to gold standard.
Unfortunately the only people who don't have a debt are the homeless, but then again they don't have much. Very Sad!!
How exciting.
What a time to be alive.
The uncertainty is riveting.
In reality it is all planned out and only those who prepared all of it are aware of whats coming next...
for the rich kids maybe never had nout go out the same way in the end
@@tracysmith245
I’m not rich but my bicycle sure is nice.
I’d rather be alive today in poverty and hunger.
Could have been born a surf living with the rats.
Serfdom may make a comeback…
I started prepping food and supplies as soon as Covid hit us in March 2020.
I truly wish I would have started before that. We had a garden and would can and freeze from that to last through the winter but it really is a lot of work to make it worth the effort and the last few summer's were just too hot. I may try again this year. I'm very concerned of what is happening around us right now. Try to prep even if it's getting an extra can of meat or beans when you go grocery shopping. The prices will continue to go up!!
It works only if you hv space
You can make extra to gel others
Under the bed , in closets, behind the sofa...... Every little nooks and crannies you can find.... If you really think about it certainly you can find a few places. Get creative
@@smoothride7841
Your effort will be rewarded being able to eat without the inflation foods rates.
@@smoothride7841 Go through closets and get rid of stupid consumer junk, and you'll find space to put cans of food. Pasta stores a long time. Under your bed, closets. And if you live in an apartment and can't grow, then buying cans, bottles and boxes of food should be a priority.
I've managed to stay out of debt. I had a $10K student loan once. As part of a job onboarding process. If I stayed in state and worked in that industry for 4 years it would pay itself off. But I left that state to make $10K more per year and paid it off the hard way. While between jobs for six months I didn't pay on that debt. Then paid $500-ish, and NONE of that payment went to reduce the principal. So I did that math and I was basically paying $70 a month to owe money. So when I could I was paying $1K a month to get rid of that. Delayed by a car accident, but accomplished. I could never make the math work for relationships or kids. So I never pursued them. 50+ and live with my mother, even though I lived on my own a decade plus. My car is 18+yo and I drive 60+ miles a day for a job. Which I'm grateful to have. Logic says I shouldn't be, but I am. 50+, 12 hour shifts, manual labor, 60+ miles a day. Somehow that math works out. But wife, kids, house, I could never make those numbers work, even in my head.
Unbelievable
March 7th, 2024... still relevant.
My grandfather began teaching me about investing when I was 10 as a bond he bought when I was born had matured. Put it all into TMX telephones de mexicanos, that was one of best rides of my life. Many years later, i'm 47 now, wish I had taken to heart his sound advice very similar to yours, I would have been way more stable. He would remind me that Sam Walton still drove a beat up pickup truck and Buffet would drive damaged used cars. My and younger generations need to start listening and taking to heart advice from the generation you and my grandfather are from. Thank you for your talks.
Instead the younger generations are taking advice from "social media influencers".
as a gen x person my retirement plan at this point is passing away
dont lose hope. there are ways to get infront of this.
@@sterlingkayon84how?
I belive we are in a quiet depression right now
Anyone else noticed how much crap is still in the stores? People are not buying gifts this year. That says something about where the economy is headed. Unless, if people are giving out cash this year ............
A Catastrophic Depression is coming. It will start long before 2025. Work hard and Pray harder. 🙏
I ain't waiting another 2 years.
Uh we are already in a recession.. we are headed for a depression.... Im seeing people I know in their 40's moving in with parents. Grandchildren in tow. 2 of my across the street neighbors have 3 generations living in their houses. one its the parents supporting children and parents.. the other is grandparents supporting children and grandchildren
This is not a good sign
@@Reppondinvestments disagree. It's a great sign. Forced revival of family and community.
War? What war? The battle between love and money..
@@Reppondinvestmentsit is the only way people are going to make it. No other way
Thank you for the information. Always helps to stay up on current information to see how things will be shifting and prepare.
I stumbled across your video and I am glad I watched.
I am a single mother working one job. If i am being honest, I am horrible at saving money. I live in an apartment paying as much as I wouls if I bought a house. Unfortunately I am so scared to purchase a home. Crime is rampant in my city. There are no more laws for officers to enforce because the prosecutors won't prosecute. If I put a down payment on a home I am left with nothing in my bank account.
I am scared and confused. I just don't kniw what to do.
Buy a house but fix the interest rate.😊
Renting is good for short term
If you need to get out then sell house in future
Fixed rate is only way.😮
Never put yourself in a situation that will leave you cash poor. If you feel or are safe where you are, than you would feel in a house, stay put. There is always the devil you know, vs the devil you don't. You know your area and how to function in it. If you would be less familiar, or more vulnerable in another environment, think hard. Many things are more important than your physical location. With times as precarious as they are becoming, familiarity may be paramount. Houses are expensive beyond a mortgage. Appliances break down, roofs leak, plumbing goes haywire, electrical systems break down. If you will have no savings left, how will you cope with those things. If you are fortunate to have a landlord who makes those repairs, and timely, you are in a better situation to confront the fallout from them. I've owned a home for about five years. In that time, the a/c, furnace, and roof had to be replaced, as well as wiring that was improperly done. My savings also dwindled by several thousand $$. I am looking to downsize, as this property has started to become too hard to manage on my own. I'm not trying to discourage or influence you one way or the other. Just saying there are many many things to look into, to consider. I wish you all the best. I'm 69 years young. Thanks for letting me be your mom for a minute. God bless you and your family and keep you safe.
Don’t buy now. Not without a huge Down payment. How secure is your job? If you buy a house and can’t pay your payments bye bye house. Look to see if you can move in with relatives. Share the expenses and put up as much food as you can. If you can manage it buy real gold and silver, the kind you have in your hand. In Canada they expect 30% of home owner will lose their homes if the interest rates keep climbing, and they will. 30% of families with literally nowhere to go. And if they lose their jobs because the economy keeps falling what next? Living in a car?
I’m no expert, but if you can purchase a property I’d go down that route. Not sure of your age, however, ask yourself - what is the plan when you retire, will you have funds to pay for rent when potentially you could purchase and pay off a mortgage by the time you retire and have security of sorts for your child.
Can you get out of your city? What you do to make ends meet . . . can it be done anywhere? Stupid to buy a house in a crime ridden city where the law is not enforced.
Everything will get worse. Evil has been handed the key for a while. Wickedness will reveal itself the next few years. Stay safe
Nothing stays forever. Good times will come again. We just not might see those days but others will. Good for them. Sorry for you
Thank the democrats for handing out our USA tax dollars to foreign countries. Now State of Wisconsin wants to use our tax base to pay broke single mothers for childcare costs! These breeders need to get fixed before they receive any childcare assistance otherwise they keep having more kids!
Illegitimate children! No one needs them. Stop bastardy. Too many of them. People didn't have more than one child in the Depression or none!!! Stop.
Reveal itself ? We’re u in a coma for past century ? 😂
THIS IS NOTHING COMPARED TO WHERE IT CAN GO
Housing prices make no sense to me either. I live in a blue-collar city..and yet homes are selling at 40-100k over value at a 6-7% rate. Not sure who's buying these homes. It's mind boggling.
I can't comment about your area, but in my area people are coming in with cash and pay over what it is worth (IMO). They don't deal with 6-7% mortgages.
China is buying them
Governments flooded the economies with printed money to finance public spending, creating inflation. People try to protect their savings from losing value. Cash, stocks, crypto, going down. Real estate or gold can be better things to put money in.
@@Reppondinvestments That seems fishy too. Who has that much cash to buy everything up? 🤔 I think i might have an idea who.... and it's not the lower or middle class.
@@Reppondinvestments true. Most people are paying cash
How to start preparing.
Take three days during the work week and turn off your electric and water. Make do with what you can and write down things you needed and didn't have or tasks that were difficult. After you have this list, research alternatives
Eat, wear and consume cheaper. Choose cheaper meals to create room in your grocery budget to put back food. Wear second hand clothes or put a spending freeze on clothes shopping in order to make room to buy what you'll need for the future (especially if you have small children who grow frequently). Consume less electricity, gas, propane by finding alternatives. This may mean using a crock pot, hang drying clothes, using candles at night and opening windows for sunshine during the day etc. With the wiggle room you've created in those bills you now have some money to buy more food storage, medical supplies or invest in a small solar unit.
Make an edc bag. This is something you will carry all the time (on your person or in your car) that could provide you with what you and your family need for 3 nights. Think about what you may put into an overnight bag if you were to stay at a hotel. This will ensure even if something happens and you're out you're able to shelter in place
Understand how to take care of medical emergencies at home. Remember that in a major event, ems could be down or unavailable for sometime. While this is never the first line of defense in an emergency, understanding how to manage medical emergencies (high infections, deep wounds, pneumonia, asthma attacks, shock, 2nd and 3rd degree burns, poisoning, radiation sickness, torn ligaments, allergic reactions, excessive bleeding) while you wait on help can be life and death.
Food, water, temperature control are your highest priorities. If faced with a major event where services are limited for more than 3 days, having stored food as well as a way to cook, a way to filter and store water, and a way to keep yourself cool or warm can be life altering.
Please remember as we are entering or for some of us are already in uncertain times, having this foundation gives security as well as lowers stress. It allows us to feel more in control and gain a more positive perspective on not only our lives but the world. I'm willing to answer any questions from my own experience in the comments if you feel overwhelmed!
A crisis basically has to occur every x amount of years, without one the rich couldn't get richer.
We poor people didn't felt any depression bcoz we already live in the world full of depression.
It’s necessary in order to get people to take “the mark”
Look no further than the World Economic Forum
Everyone grow food and plant fruit trees. GROW YOUR FOOD. KEEP CHICKENS FOR EGGS😊
That is pretty much what I do.
I'm doing that too, but frankly, it's much more expensive than buying from supermarkets. It's not just get some seeds to spray on the ground then harvest it some days later.
YES!!! We have chickens. It's a little bit expensive, but worth it, especially if they ever become our sole source of food. Chickens eat just about anything too, so they'll eat your food waste and, in return, provide you with rich fertilizer for planting 😊
I’m way ahead of this. Been perfecting my depression since about 2018.
Watched this on Wealthion and will watch all available from Simon Hunt. 💖
The more I hear of pretty much every topic (economics, international relations, climate change, etc.), the more I am vindicated in my decision to not have fathered a child. I do not want to see my offspring suffer through what is to come. Honestly, the outcome I see is World War 3 with nuclear weapons. Once the global economy collapses, all safeguards preventing another global conflict are pretty much gone.
You would of made a shit father . Good decision
Seems WW3 is almost an inevitable civilizational self-correction that is going to happen.
Enjoy being lonely in life.
I hear that. For me, it was much the same, but I'm gonna add one more thing to the list: I don't want to give birth to a child in a world where pedophilia is happening (Hollywood, D.C., kidnappings, etc). I don't think I'd ever be able to forgive myself if I brought a child to this planet, especially intentionally.
People have been saying the end of the world is very soon for thousands of years. I have noticed in my life becoming successful takes many years of sacrifice and thinking long term. Living for now in my younger years ended in failure, I continued to wake up each day. The problems were always the same. My own actions and my lack of money.
I agree 15 years ago started having reoccurring dreams for over 8 yrs. Premonition dreams of whats happing today and this is just the beginning. God bless those who have faith!
What it really boils down to is this: NOBODY REALLY KNOWS.
Nobody at all so why worry about it 🤷♂️ if we can't control it
Now i'm even more undecided about buying precious metal.
Love this guy. Keeps it light, keeps it positive.
Listen we all are screwed. Let me tell you how.
I did really well buying my house. 138k I had a mortgage my husband passed I got a lil money which I pushed 20k onto the mortgage. Owing 118
My house jumped in a year to 168in a yr I continued paying 200extra every month on the principle and again something happened and now the house worth180k
My insurance was 1100that yr. The next year it went to 1500then 2300now my insurance is 5000
The house is valued at 243k... I owe 160*I refinanced and guess what I can't afford the damm insurance. This is how it's gonna happen this time we aren't going to be able to afford the maintenance type fees on a mortgage. Florida is gonna be a ghost town all the fixes incomes here. It's coming , I've done everything the right way and still I can't help myself .
Finally someone gets it!!!!
Property is a liability
Time to sell, pay the debt out. Live in the cheapest dwelling which usually means a caravan, it’s still a roof over your head. Then go all in gold. You will get the best sleep every night
Flexibility is key!!!!!
Living in a mobile home and out of debt gives you choice to move to wherever and when ever instead of being chained to a house and fixed income. Your outgoings will reduce by far
Can you sell? If in Florida, hope you're not in hurricane Idalia path
Poor new generation and us parents who has constance worry of how our kids survive in this world😔😔😔
Yes is very complicated and bad... the only solution is, fight for the life, have hope, work hard, and trying to be happy 😊😊😊....👍
@@leonsantamaria9845 not that easy😢
Fast consumption made it this way. People stopped appreciating the value of arts and crafts as long as they can get the job done with a cheap alternative. Theft of ideas for quick money left manufacturers difficult to survive except for some well known ones. And lack of employment forces people to go for alternatives even more.
Only God can help us
All they need is food & shelter! Do not need boats, jet ski, snowmobile, motorcycle, 3000 square foot house, UTV/ATV, and other toys!
Very informative and well put together. Thanks for sharing!
Thank you
Just found your channel and I enjoyed it very much. I am one of your new subscribers.
Thank you so much
“Go buy 26:37 what you can afford“. Easier said than done. Where I live there is no affordable public transportation, everything is spread out over miles so you can’t walk anywhere in a timely manner. Bicycling is super dangerous here because the drivers are the worst in the country. And I can’t rely on a ride from anyone everywhere because no one is available or they get really bitchy about having to drive you everywhere. If I buy a beater car, it will break down right at the worst possible moment. I had one that the drivers side door fell off while I was driving 35 mph. The roads here are so bad that everyone has a chipped windshield. The roads are cheaply maintained because my state is poor. I work full time and then some and still can’t climb out of my financial hole. I live in a motel at 35 lol. I can’t live with my mom because she is on housing assistance and can’t have anyone live with her or her assistance goes away. My sister lives with a hoarder so that’s not safe. I’ve lived in my car which is worth less than I owe on it. I have no one else to rely on but myself. Fix inflation and keep wages the same or higher for the lowest earners. That’s the only way me and everyone else I know will get out of this.
In a few years from now,we will remember 2023 as good old days ...
which is fcking crazy 2023 sucks ass
Thank you Ben...I always look forward to listening to your broadcast. Keep up the great work. Stay money safe!
Thank you Eric.
Great video and thank you for do it. Blessings🙏
Appalachia's Homestead With Patara sent me! Im ready to listen and learn 💙 In Christ, shalom family 💙
I love Patara! What a great sister in the Lord she is! My number One on UA-cam!❤️
Yes. I listened to Patara’s broadcast. I am grateful to her for her kind comments.😄
It's a depression already for some of us currently
After I ended up with long-haul covid-19 I was forced to quit my job unable to keep up with the demand and now I struggle everyday. bought my first home in 2019 and now I will not be able to keep it as I can no longer work a job because now I have mental health problems and physical exhaustion and I don't see any help for me from anywhere I spend my days watching UA-cam following the news and living in fear of what's to come. A little bit of backstory on me I was a hard-working employee extremely athletic and outgoing working all week 20-hour days. I feel like my life was stolen from me and I want to know why more than that I want my life back I am sick of feeling useless and unable to provide for myself
Terry, I am so sorry to hear about your situation. Very sad. I wish you the best. I got rid of my TVs about 6 years ago and now I am not as enslaved to the talking heads and constant barrage of negative news. Thanks for watching and for sharing your story.
I’m sorry you’ve endured some bad times. I can’t imagine being knocked down and not being able to take care of myself. I’m stressing over loosing some energy and not doing what I once was able to do. Just wanted to let you know I will pray for you. Prayer has helped me so many times so now I believe in it. Take Care
You MUST get away from all the negative news. You said you were athletic. Get off that couch!!! Get yourself fit again. Walk, run or swim. Join the library. Find some easy job to at least be part of society. Try not to lose your house. Get someone in to share if you can. You must stop watching the doomsday news!!!!! That's the first step. I wish you well.
Sounds like the end is near. There is no help. There is no one coming to save the last moment. You have arrived at a catastrophe for which there’s no escape.
You can either sprint to the finish line or sit there and wait for it to come
The end result is the same. The only difference is how much you will suffer by waiting.
Terry, Your story sounds very similar to my story. I want you to know you are not alone. There are many of us out here who are dealing with long covid, we can't do the things we use to do. I struggle every day to get back to my normal self, it's hard. My breathing is terrible & I've never smoked. I depend on God each day, pray, & read Bible scriptures, I listen to uplifting music & thank God for each day he blesses me with. I tell myself I'm beautiful everyday even when I don't feel it because it's confidence for myself. I'm trying to remain positive & upbeat through this phase of life. Please keep your head up & know that the light is brighter when you smile. Take care
Thank you for taking the time to teach us new investors!
Thank you Joe for your kind comment
It's always next year.
It’s all about keeping the masses in check and profits up.
Been saying this during the pandemic in 2020 especially after many countries getting relief funds during pandemic there was more than 1.2 Trillion printed in that short period of time
And there still printing even though most people are finding it hard to pay for things now, they don't care about thier citizens, the banks are a very important black hole for them. 🤦🏾♂️💀
You mean the scamdemic!
I would look for a job that is considered "essential" so many were laid off during the "pandemic."
Thank you! This gave interesting ideas to think about when working to save in the next year.
Young people who left high school in 2008 have been living through persistent cycles of economic (Inc the pandemic) catastrophes.
Very true.
2006 Here
@@BackDoor_Adventurer its very penile
Hahaha yeah that’s true, when the crisis in 2018 just started I graduated school and I remember I asked my mom “Why now?” 😂 and from that day I have been seeing crazy things, so I am not surprised anymore
I graduated high school in 04. The best financial times my husband and i had our entire adult lives were 2016-2021. Other than that 5 year period, the gvt has successfully kept us down our entire adult lives. Doing without and doing with less is all we know. Our children's future have an even more bleak outlook than ours. Sometimes I wish I were 80 years old and on my way out.
For months I have been saying about the storm coming to the equity markets. Very informative video. Thank you!
JFK said the only time they knew about the depression is when they read the newspaper. Dad grew up dirt poor n said there wasnt much difference between how they had to live in 1925 and 1932.
The economy cannot grow unless energy grows infinitely w/it. Problem is that energy (oil) is finite & it's production is past peak. It's all over.
We need older folks with life experience to help guide us! Thank you.
traditional right side politics have always lead to inequality historically. even the democrats are very right wing. the problem is corporations destory economies, and skyrocket themsleves into the absolute ruling elite
Well said our older people have been through this before and guess what they survived we live in a material world now stop spending get your debt under control and put money away simple I did this all after covid I almost went bankrupt but I pulled myself out of it by doing these things kids don't need cellphones you don't have to eat out everyday you don't need to go to Europe myself sold our truck cause can't afford gas for it and we sold our summer place that hurt but had to be done
Simply your life. If you need to learn basic skills.. like cooking and home maintenance. Get out of debt. Aquire the skill to live simply without conspicuous consumption..
Why when they lead us here? And we don’t listen anyhow, clearly.
Regarding 22 minute mark, I used to see people thrilled to roll their negative equity over into a loan that may be 16%, as a Harley-Davidson salesman. It blew me away to see a guy with 4 kids and a sole provider for the family make decisions like this, repeatedly.
That’s my ex!! So frustrating!
16% on a Harley? Wow. Mine is 5.6% for a used Heritage. And that felt high to me..
There's plenty of Harleys sitting in garages as ornaments guy buys one rides a few times gets cut off scared bike sits...you can get them cheap. Go by age of bike and how low the miles on bike are.
Must be a good salesman
To stupid to know there stupid with a smart phone in there hand, and not use it.
They are scaring people to sell their equity so they can buy them for cheap.
I don’t mind buying a new car. My prius lasted 23 years. Bought a new Mazda van that lasted only with over 100,000 miles but stopped running… donated it. Bought Fit Honda, brand new, all paid for now, and gave it to my son since he needs a car to go to work. Bought a 4WD Subaru with 0.99% financing. It’s almost paid for… in 4 months. One credit card is paid on time, no expenses on interest. Using it to get points. Cars are for safety, practicality and enjoyment. Not supposed to be a big thing in the US.
One of your best broadcasts, Ben. Thank you for your time!
My pleasure!. Thank you, James
@@repentandbelieveinJesusChrist2 Jesus son of Mary peace be upon them were eating food and go to the bathroom like all the people, so they are not Gods or angels and they can not save any one.but Allah willing
About the cars and debt, you got that right.. its unbelievable
Remember cashless society mark of the beast! DIGITAL CURRENCY! Enternet connection of everything!
Hi, Ben, thank you for bringing wholesome information to us. I wish my marriage had worked, I’ve certainly fought hard to save it for 15 years, but I bet on a bad horse and got spun out of the paddock with a tiny buyout in exchange for a quitclaim deed. I’m starting over at a tender sixth decade of life and encountering a series of attacks from many quarters. I wish that I could afford your counseling because there are scant few advisors that I trust. What you post on this channel has enabled me to put some fencing around some financial decisions. That said, I really need a fine-tuned strategy. For now, I am debt free, I’ve ruthlessly slashed my spending, I’m seeking counsel from only truly godly people in my church ministry, I’ve been connecting deeply with the Holy Spirit, and praying continuously....
May God bless you and your beloved, Ben!
Keep your head up, sister. God is good🙏🏼And watch out for scammers around here!
All… we will not escape what’s coming. The Lord is going to play “take away.” We should prepare of course, but not be surprised when we
Become totally dependent on him for everything. And, this is by design… as it will sanctify us and prepare us to receive him when he returns… which in my estimation will not be long. It is at least 3-4 years away… as there is at least 3.5 years of serious tribulation (which hasn’t started quite yet).
Do your best to prepare and be wise… but above all, develop a strong relationship with your Savior…. And have hope and faith he will help you weather the coming storm. There is a lot of gold at the end of this rainbow!! It will all be worth it.
God bless
Sorry to hear of your situation. You sound humble and coachable. If you want help, give me a call. No charge.
Best broadcast of the day portraying true picture of the economy !! Keep up the good work Sir!!
Thank you so much.
great job putting together so many views from the most followed and respected people in the industry. You've got a new follower
Thank you
👍 Myself also.
Subscribing TODAY.
Thank you, Nicole.
Thank you.
@20:40 i learned this the hard way when i was in my 20’s i went into the military but i found out that, at what said, i told them no i would not do that, so i kept my old 1987 chevy back in the day, and said i would never put more miles and find out whats its worth every few years.