1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:20,159 Speaker 1: Donald J. 7 00:00:20,239 --> 00:00:21,200 Speaker 2: Trump's leadership. 8 00:00:21,480 --> 00:00:25,079 Speaker 1: I'm Christy nom the United States Secretary of Homeland Security. 9 00:00:25,440 --> 00:00:29,200 Speaker 1: Under President Trump, attempted illegal border crossings are at the 10 00:00:29,240 --> 00:00:33,080 Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal 11 00:00:33,120 --> 00:00:36,920 Speaker 1: aliens have been arrested. If you are here illegally, your 12 00:00:37,040 --> 00:00:41,160 Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned, 13 00:00:41,479 --> 00:00:42,160 Speaker 1: and deported. 14 00:00:42,600 --> 00:00:43,800 Speaker 2: You will never return. 15 00:00:44,120 --> 00:00:47,120 Speaker 1: But if you register using our CBP home app and 16 00:00:47,240 --> 00:00:50,120 Speaker 1: leave now, you could be allowed to return legally. 17 00:00:50,479 --> 00:00:52,720 Speaker 2: Do what's right. Leave now. 18 00:00:53,040 --> 00:00:57,840 Speaker 1: Under President Trump, America's laws, border and families will be protected. 19 00:00:57,920 --> 00:01:00,000 Speaker 3: Sponsored by the United States Department of Homeland Security. 20 00:01:00,280 --> 00:01:04,040 Speaker 4: What is the indicator that warns us of a possible depression? 21 00:01:05,240 --> 00:01:06,800 Speaker 5: Gotta look at the money supply. So when I was 22 00:01:06,800 --> 00:01:08,560 Speaker 5: in my research on this, this is scared. So in 23 00:01:08,600 --> 00:01:13,560 Speaker 5: eighteen seventy, the money supply was negative too, which led 24 00:01:13,560 --> 00:01:17,720 Speaker 5: to the unemployment and fourteen percent. A nineteen twenty one 25 00:01:17,800 --> 00:01:20,640 Speaker 5: it was negative two percent, which led to the employment 26 00:01:20,720 --> 00:01:24,400 Speaker 5: being eleven percent the Great Depression, the money supply was 27 00:01:24,440 --> 00:01:30,040 Speaker 5: negative twelve unemployment was twenty five percent negative, and the 28 00:01:30,040 --> 00:01:32,520 Speaker 5: money supply in twenty twenty three we are currently at 29 00:01:32,560 --> 00:01:33,479 Speaker 5: negative two percent. 30 00:01:34,400 --> 00:01:35,360 Speaker 3: What is the money supply? 31 00:01:35,720 --> 00:01:39,480 Speaker 5: How much money is actively floating in the market. So 32 00:01:39,520 --> 00:01:41,600 Speaker 5: in twenty twenty they have a bunch of it that 33 00:01:41,680 --> 00:01:44,600 Speaker 5: they put in that were acting like Floyd at Girl Collection. 34 00:01:44,680 --> 00:01:47,200 Speaker 5: We're just throwing money around and everyone you get a car, 35 00:01:47,319 --> 00:01:49,640 Speaker 5: you get a car, you get some money. Now the 36 00:01:49,680 --> 00:01:53,880 Speaker 5: supply is actually negative. So outside of the inverted yield curve, 37 00:01:53,920 --> 00:01:56,840 Speaker 5: the two and ten, this is the one that predicts 38 00:01:56,840 --> 00:01:59,040 Speaker 5: a depression. Am I going to go on record and 39 00:01:59,040 --> 00:02:00,440 Speaker 5: say they we're going to go into the depression. 40 00:02:00,960 --> 00:02:01,120 Speaker 3: No? 41 00:02:01,440 --> 00:02:03,440 Speaker 5: But Dave scared the hell out of me on stage 42 00:02:03,920 --> 00:02:05,760 Speaker 5: when they talked about the commercial. 43 00:02:05,360 --> 00:02:06,200 Speaker 3: Level very common. 44 00:02:06,520 --> 00:02:10,280 Speaker 5: He said like silvigating and this issue with SVB this 45 00:02:10,360 --> 00:02:14,679 Speaker 5: is small. I was like, wait, what, So if he's 46 00:02:14,680 --> 00:02:18,320 Speaker 5: been in the institutional space and then a buffet indicator 47 00:02:18,400 --> 00:02:22,760 Speaker 5: is turning over the inverted yield curve keeps signaling recession, 48 00:02:23,880 --> 00:02:26,800 Speaker 5: but Biden and yelling and won't announced it yet. There's 49 00:02:26,840 --> 00:02:29,080 Speaker 5: a reason why things can be a hell of a 50 00:02:29,120 --> 00:02:30,520 Speaker 5: lot worse, so please be careful. 51 00:02:31,040 --> 00:02:34,040 Speaker 4: Well, the commercial real estate thing is a few people 52 00:02:34,080 --> 00:02:36,000 Speaker 4: have been talking about that for a while, and even 53 00:02:36,000 --> 00:02:38,440 Speaker 4: in China. Remember years ago they had built the whole 54 00:02:38,440 --> 00:02:43,040 Speaker 4: city where nobody's ghost town. And these are things where housing. 55 00:02:43,080 --> 00:02:45,800 Speaker 4: People are always gonna need housing. But you see malls. 56 00:02:46,080 --> 00:02:47,720 Speaker 4: I live in the area where there's a mall and 57 00:02:47,760 --> 00:02:50,079 Speaker 4: they're closing that. I think they're building an apartment building 58 00:02:50,080 --> 00:02:53,080 Speaker 4: there because people aren't shopping the same. Right, when you 59 00:02:53,120 --> 00:02:56,720 Speaker 4: look at office space, nobody's working in office anymore, right, 60 00:02:56,800 --> 00:03:02,320 Speaker 4: So this is something that all signs lead to the 61 00:03:02,440 --> 00:03:08,880 Speaker 4: commercial bubble, right, And there's only so much apartment buildings 62 00:03:08,919 --> 00:03:13,120 Speaker 4: that you can build out a certain point that becomes unsustainable. Also, 63 00:03:13,720 --> 00:03:19,640 Speaker 4: so the real estate market is definitely interesting, and ye 64 00:03:19,760 --> 00:03:22,080 Speaker 4: shot the day he gave some great insight on that. 65 00:03:22,919 --> 00:03:25,320 Speaker 4: But I think that when people are looking to invest 66 00:03:25,360 --> 00:03:30,320 Speaker 4: in real estate, it's important to understand what's essential. So 67 00:03:30,919 --> 00:03:36,360 Speaker 4: housing is essential, right, You can't really go wrong with housing, because. 68 00:03:37,280 --> 00:03:39,480 Speaker 6: This episode is brought to you by P and C Bank. 69 00:03:39,880 --> 00:03:42,640 Speaker 6: A lot of people think podcasts about work are boring, 70 00:03:42,880 --> 00:03:46,720 Speaker 6: and sure they definitely can be, but understanding a professionals 71 00:03:46,800 --> 00:03:50,040 Speaker 6: routine shows us how they achieve their success little by little, 72 00:03:50,440 --> 00:03:54,080 Speaker 6: day after day. It's like banking with P and C Bank. 73 00:03:54,560 --> 00:03:57,360 Speaker 6: It might seem boring to safe plan and make calculated 74 00:03:57,360 --> 00:04:00,600 Speaker 6: decisions with your bank, but keeping your money is what 75 00:04:00,720 --> 00:04:04,000 Speaker 6: helps you live or more happily fulfilled life. 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An MS thirteen gang member from El Salvador 103 00:05:35,240 --> 00:05:39,400 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 104 00:05:39,440 --> 00:05:43,359 Speaker 1: filming and selling child pornography in Michigan. These are just 105 00:05:43,440 --> 00:05:47,200 Speaker 1: some of the heinous migrant criminals caught because of President 106 00:05:47,240 --> 00:05:47,680 Speaker 1: Donald J. 107 00:05:47,760 --> 00:05:48,719 Speaker 2: Trump's leadership. 108 00:05:49,000 --> 00:05:52,599 Speaker 1: I'm Christy Nohm, the United States Secretary of Homeland Security. 109 00:05:52,960 --> 00:05:56,720 Speaker 1: Under President Trump, attempted illegal border crossings are at the 110 00:05:56,760 --> 00:06:00,200 Speaker 1: lowest levels ever recorded, and over one hundred thousand and 111 00:06:00,240 --> 00:06:03,720 Speaker 1: illegal aliens have been arrested. If you were here illegally, 112 00:06:04,240 --> 00:06:07,520 Speaker 1: your next you will be fine nearly one thousand dollars 113 00:06:07,560 --> 00:06:07,920 Speaker 1: a day. 114 00:06:08,040 --> 00:06:11,320 Speaker 2: Imprisoned and deported, you will never return. 115 00:06:11,640 --> 00:06:14,640 Speaker 1: But if you register using our CBP home app and 116 00:06:14,760 --> 00:06:17,640 Speaker 1: leave now, you could be allowed to return legally. 117 00:06:18,000 --> 00:06:20,240 Speaker 2: Do what's right. Leave now. 118 00:06:20,560 --> 00:06:25,360 Speaker 1: Under President Trump America's laws, border and families will be protected. 119 00:06:25,440 --> 00:06:27,599 Speaker 3: Sponsored by the United States Department of Homeland Security. 120 00:06:27,640 --> 00:06:30,560 Speaker 4: People always gonna need to live somewhere, unless you're just 121 00:06:31,160 --> 00:06:33,400 Speaker 4: doing it the wrong way. You're buying a luxury apartment 122 00:06:33,440 --> 00:06:36,159 Speaker 4: building in Omaha, Nebraska, that might not be something that's 123 00:06:36,200 --> 00:06:40,960 Speaker 4: really suit out to Omaha shots But all these other 124 00:06:41,080 --> 00:06:44,160 Speaker 4: commercial projects you just gotta see a lot. Some commercial 125 00:06:44,200 --> 00:06:47,480 Speaker 4: makes sense, but some commercial it might not make sense. 126 00:06:47,720 --> 00:06:50,120 Speaker 4: It might make sense today, but it might not make 127 00:06:50,160 --> 00:06:53,000 Speaker 4: sense ten years from now. Where housing is always Housing 128 00:06:53,000 --> 00:06:55,080 Speaker 4: today is still gonna make sense housing ten yearsrom now. 129 00:06:55,400 --> 00:06:58,400 Speaker 4: But like you said, the office space, who knows, Corona 130 00:06:58,440 --> 00:07:00,440 Speaker 4: three point seven might come out right, and then there's 131 00:07:00,480 --> 00:07:02,880 Speaker 4: nobody ever going to be working in offices ever. Again, 132 00:07:03,440 --> 00:07:05,720 Speaker 4: that's that can happen. So it's just like. 133 00:07:05,800 --> 00:07:08,039 Speaker 6: Or people decide that they are going back to work 134 00:07:08,320 --> 00:07:09,239 Speaker 6: and now it makes sense. 135 00:07:09,680 --> 00:07:14,880 Speaker 4: It's risky the housing residential real estate. In my opinion, 136 00:07:15,000 --> 00:07:17,440 Speaker 4: residential real estate is And that's why he said a 137 00:07:17,480 --> 00:07:21,080 Speaker 4: lot of these big banks and institutions started buying single 138 00:07:21,120 --> 00:07:24,080 Speaker 4: family homes Blackstone black You know, I just feel like 139 00:07:24,120 --> 00:07:27,240 Speaker 4: residential real estate is a little bit more risky than 140 00:07:28,320 --> 00:07:34,880 Speaker 4: commercial real estate. Residential is more risky. Commercial is more risky. Absolutely, 141 00:07:35,320 --> 00:07:37,080 Speaker 4: And because like I said, you see it. You said, 142 00:07:37,560 --> 00:07:40,280 Speaker 4: the mall that we grew up going to going right. 143 00:07:40,360 --> 00:07:43,720 Speaker 6: If you think about the workspace people, what happens to 144 00:07:43,760 --> 00:07:47,120 Speaker 6: the space, They have to in a sense get converted. 145 00:07:47,440 --> 00:07:49,080 Speaker 6: But they're going to get converted at a rate that 146 00:07:49,160 --> 00:07:50,880 Speaker 6: makes sense to the person who's actually going to purpose 147 00:07:51,120 --> 00:07:52,800 Speaker 6: purchase it. And that's one of the things he said. 148 00:07:52,840 --> 00:07:54,240 Speaker 6: It was like, Yo, that's a bar. He was like, yo, 149 00:07:54,560 --> 00:07:57,480 Speaker 6: when it's distress. That's how they invest. A lot of 150 00:07:57,520 --> 00:08:01,280 Speaker 6: these commercial real estate companies right at a serpent, they're 151 00:08:01,280 --> 00:08:03,600 Speaker 6: not gonna get anything. They're not getting their leases, they're 152 00:08:03,600 --> 00:08:05,960 Speaker 6: not getting their rents, or they're gonna they're gonna have 153 00:08:06,120 --> 00:08:07,960 Speaker 6: to force to get it at or sell it at 154 00:08:07,960 --> 00:08:10,120 Speaker 6: a price, or least at a price that makes sense 155 00:08:10,120 --> 00:08:12,360 Speaker 6: for the pent who's actually gonna acquire it, and so 156 00:08:12,440 --> 00:08:15,280 Speaker 6: it's gonna be a great opportunity for somebody. Or if 157 00:08:15,280 --> 00:08:17,360 Speaker 6: they don't do that, then somebody's gonna come in and 158 00:08:17,400 --> 00:08:19,480 Speaker 6: just say, all right, well we're gonna make this residential anyway. 159 00:08:19,840 --> 00:08:21,480 Speaker 5: Yeah, because when I go into the gallery and now 160 00:08:21,600 --> 00:08:22,320 Speaker 5: gallery is dead. 161 00:08:22,360 --> 00:08:22,560 Speaker 4: Man. 162 00:08:23,400 --> 00:08:25,120 Speaker 5: It used to be thousands of kids at the little 163 00:08:25,120 --> 00:08:27,640 Speaker 5: skating rink. Now I go dry over there, a by center, 164 00:08:27,680 --> 00:08:29,160 Speaker 5: bundon a little foot locker down there. 165 00:08:29,200 --> 00:08:29,280 Speaker 3: Like. 166 00:08:29,760 --> 00:08:31,800 Speaker 5: The thing that we have to realize too is when 167 00:08:31,840 --> 00:08:34,120 Speaker 5: you keep borrowing and putting more debt on a consumer base, 168 00:08:34,480 --> 00:08:38,000 Speaker 5: you destroy your bias market for everything. Yeah, so if 169 00:08:38,040 --> 00:08:40,720 Speaker 5: you don't take care of the people now, it's gonna 170 00:08:40,720 --> 00:08:42,319 Speaker 5: affect your business later. 171 00:08:44,679 --> 00:08:49,560 Speaker 4: My graduates from my school being forced back drop bag 172 00:08:49,640 --> 00:08:52,960 Speaker 4: drop might drop back drop drop. 173 00:09:03,320 --> 00:09:06,920 Speaker 1: An illegal alien from Guatemala charged with raping a child 174 00:09:07,000 --> 00:09:10,800 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 175 00:09:11,040 --> 00:09:15,200 Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with 176 00:09:15,240 --> 00:09:19,160 Speaker 1: filming and selling child pornography in Michigan. These are just 177 00:09:19,240 --> 00:09:23,000 Speaker 1: some of the heinous migrant criminals caught because of President 178 00:09:23,040 --> 00:09:23,480 Speaker 1: Donald J. 179 00:09:23,559 --> 00:09:26,000 Speaker 2: Trump's leadership. I'm Christy nom the. 180 00:09:26,000 --> 00:09:30,600 Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted 181 00:09:30,640 --> 00:09:34,359 Speaker 1: illegal border crossings are at the lowest levels ever recorded, 182 00:09:34,679 --> 00:09:37,720 Speaker 1: and over one hundred thousand illegal aliens have been arrested. 183 00:09:38,000 --> 00:09:41,560 Speaker 1: If you are here illegally, your next you will be 184 00:09:41,600 --> 00:09:45,480 Speaker 1: fined nearly one thousand dollars a day, imprisoned, and deported. 185 00:09:45,920 --> 00:09:47,120 Speaker 2: You will never return. 186 00:09:47,440 --> 00:09:50,440 Speaker 1: But if you register using our CBP home app and 187 00:09:50,559 --> 00:09:53,439 Speaker 1: leave now, you could be allowed to return legally. 188 00:09:53,800 --> 00:09:56,000 Speaker 2: Do what's right, leave now. 189 00:09:56,360 --> 00:10:01,160 Speaker 1: Under President Trump, America's laws, border and family will be protected. 190 00:10:01,280 --> 00:10:03,400 Speaker 3: Sponsored by the United States Department of Homeland Security,