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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

9
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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: So let's talk about some doom and gloom, shall we.

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Speaker 3: Robert Kiwa Saki?

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Speaker 2: You ever heard of that guy?

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Speaker 4: Yes, out of the legend. He was legendary at one point.

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Speaker 2: We're definitely. He's a legend.

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Speaker 4: Reach that boyd not gonna dony that cash flow quadrant

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Speaker 4: for sure, change the game for sure.

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Speaker 3: But uh so he said, let's let's play the video,

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Speaker 3: shall we, Mike cute video.

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Speaker 5: We're going to hit the March twenty twenty four, biggest

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Speaker 5: crash is coming, and the guys with the ETFs and

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Speaker 5: mutual funds and all that, they're going to stand over

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Speaker 5: and bend up and kiss. They're asked goodbye. I wrote

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Speaker 5: this book here who Stole My Pension? In nineteen seventy

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Speaker 5: four America says to my generation, you no longer have

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Speaker 5: a pension. You have to have what's called a defined contribution.

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Speaker 5: So my generation, the old guys, I'm seventy six years old,

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Speaker 5: we have no money set aside for retirement. And the

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Speaker 5: biggest crash in history is still coming March twenty twenty four.

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Speaker 5: And all those baby boomers who follow their financial planner's

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Speaker 5: advice of the sixty forty forty percent fonds, How fine

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Speaker 5: that stupid can you be? And they're gonna get toasted.

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Speaker 5: March twenty twenty four. I read about this book here.

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Speaker 5: Rich's props well from the words of mister Kyosaki himself

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Speaker 5: March twenty twenty four.

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Speaker 3: All right, oh, Robert, Wow, March twenty twenty four will

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Speaker 3: be the biggest crash in history. That's a month away.

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Speaker 3: So in directly count down, he said, all the guys

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Speaker 3: with index funds and ETFs are gonna get smashed. He said,

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Speaker 3: anybody with a sixty forty portfolio. We talked about the

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Speaker 3: sixty forty portfolio, They're gonna get screwed.

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Speaker 4: They've been getting screwed all year. They need an account

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Speaker 4: of OnlyFans.

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Speaker 3: And he talked about, you know how the de pension system.

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Speaker 3: It's very truth in what he's saying, but it's it's yes,

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Speaker 3: for sure, it's always truth mixed with sensationalism, right, But

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Speaker 3: I mean, okay, this is something that he's somebody who

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Speaker 3: become a legend in the game of finances, right, So

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Speaker 3: it's interesting to hear him have this take that it's

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Speaker 3: gonna all fall apart next month. If you're invested in ETFs,

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Speaker 3: you're gonna be screwed. What's your take on this?

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Speaker 4: This is what happens when you don't diversify businesses and

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Speaker 4: you need a way to stay hot, and people usually

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Speaker 4: do this through cloud and sensationalism. The pension fund issue

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Speaker 4: is partially true, but the biggest crash in history. You

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Speaker 4: are meaning to tell me there's no catalyst that is

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Speaker 4: being talked about that it's going to lead to a

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Speaker 4: crash that matches or mirrors the great depression in post

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Speaker 4: c Blay. I'll take the other side of that bet

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Speaker 4: all day. In order for a crash to happen, you

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Speaker 4: need a catalyst for it to happen. So even though

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Speaker 4: the yield curve has been inverted, haven't had a crash.

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Speaker 4: The banking system would have to collapse. They're letting all

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Speaker 4: the small banks die or merge, so the banks are

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Speaker 4: there too big to fill can have safety. Tech is

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Speaker 4: doing incredibly well. AI is doing well, so they're setting

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Speaker 4: up the new sectors that are going to lead the economy.

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Speaker 2: We'll talk about a little later.

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Speaker 4: Healthcare is doing incredibly well, so you need a reason

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Speaker 4: for the market to pull back. Also in March, once again,

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Speaker 4: that's when a lot of capital flows into the market,

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Speaker 4: and private equity has a lot of money sitting on

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Speaker 4: the sideline to take advantage if a crash does happen.

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Speaker 4: We haven't had the market activate its levers and I

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Speaker 4: don't know how it maybe two years, three years, so

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Speaker 4: we haven't even had a ten percent.

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Speaker 2: Drop inside of a day.

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Speaker 4: What is going to cause us to have like a

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Speaker 4: twenty five percent or thirty percent pullback which will halt

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Speaker 4: the market. So I don't know. Maybe he was drinking

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Speaker 4: a day, Maybe he was misguided, maybe he wanted a

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Speaker 4: great headline. But this is not happening. If it does happen,

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Speaker 4: cetral levels to fifty percent off from where we are

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Speaker 4: now by then. But if COVID didn't send us into

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Speaker 4: the greatest downward spiral ever, the COVID twenty two that

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Speaker 4: they're pumping out now isn't going to do it. So yeah,

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Speaker 4: I mean, what are the indicators?

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Speaker 5: Right?

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Speaker 2: He shout to shout out to Josh.

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Speaker 6: I was watching him the other day and j C

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Speaker 6: shout to jac when he came on here.

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Speaker 2: What are the indicators?

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Speaker 6: Man Like, if we look at GDP, if we look

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Speaker 6: at inflation, if we look at the unemployment, if we

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Speaker 6: look at interest rates, which you know, we everybody has

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Speaker 6: predicted that they you know, obviously maybe June could be marches,

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Speaker 6: all these marches, but they're going to be going down

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Speaker 6: at maybe five times throughout twenty twenty four. What are

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Speaker 6: the indicators that are showing this? I can't see them,

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Speaker 6: and so it's it's tough, right. And I remember when

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Speaker 6: we sent this in the chat, I was like, that's

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Speaker 6: interesting because we heard Michael Berry say something similar and

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Speaker 6: then we haven't heard from him in the past six months.

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Speaker 4: Michael, and I mean, we're not taking anything away from true.

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Speaker 6: I mean I was actually watching somebody was sitting next

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Speaker 6: to me on the plane was watching a big short,

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Speaker 6: and I thought that was interesting because I thought I

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Speaker 6: might remember in August of twenty three with the recession,

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Speaker 6: was supposed to happen in sometime in September or early

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Speaker 6: in January of this year, and we haven't seen it.

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Speaker 6: So some of these predictions, I'm not what other indicators there.

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Speaker 4: And here's the thing. The data can be right and

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Speaker 4: the fan can say no, we don't want to they

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Speaker 4: check earners.

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Speaker 2: What's up.

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Speaker 6: You ever walk into a small business and everything just

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Speaker 6: tipping is a breeze, and you're out the door before

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Speaker 6: the line even builds. Odds are they're using Square? We

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Speaker 6: love supporting businesses that run on Square because it just

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Speaker 6: merch partners, Square makes it easy for them to take payments,

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Speaker 6: Financial Service Group, Inc. P and C Bank National Association

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Speaker 6: Member FDIC.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded in over

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Speaker 1: one hundred thousand and illegal aliens have been arrested. If

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Speaker 1: you were here illegally, your next you will be fine

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Speaker 1: nearly one thousand dollars a day, imprisoned and deported, you

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Speaker 1: will never return. But if you register using our CBP

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Speaker 1: home app and leave now, you could be allowed to

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Speaker 1: return legally, do what's right. Leave now. Under President Trump,

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Speaker 1: America's laws, border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 4: It's the definition of what a recession was in front

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Speaker 4: of our face, and nobody did anything. Now they said

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Speaker 4: this about China, thirty percent of all stocks in China

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Speaker 4: have been halted. The Index slid eight percent, the Beijing

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Speaker 4: fifty slid five percent. If you talked about China, I

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Speaker 4: can see it. But even that, because of all the

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Speaker 4: geopolitical threats that are going on, and we're starting to

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Speaker 4: have like a deglobalization effect, if China market does fall

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Speaker 4: fifty percent, we won't have immediate exposure to it, and

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Speaker 4: I'm going to drag our market down. The knee case

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Speaker 4: doing well. The footsie's doing pretty well. So I feel

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Speaker 4: as if he would have pointed this crash to the

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Speaker 4: Chinese stock market, he could have been spot on. But

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Speaker 4: to drive our market down fifty that's up. You're looking

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Speaker 4: before an election.

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Speaker 6: Yeah, all the loans, all those all those, all those

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Speaker 6: factors when you put into the poets like well, how

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Speaker 6: is this going to happen?

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Speaker 3: Right?

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Speaker 6: When we even talked about that, like look at the

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Speaker 6: economic conditions and probably maybe mid year last year when

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Speaker 6: we talked about delinquencies, those were up. That has changed.

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Speaker 6: We talked about used car and new car sales. That

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Speaker 6: has changed. Uh, And so we're talking about student loans

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Speaker 6: that's now. In fact, we haven't seen a number of

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Speaker 6: delinquencies that we thought we would. Could that change perhaps,

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Speaker 6: but it isn't going to happen in the short term.

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Speaker 6: Like we're talking, we only got thirty days.

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Speaker 4: And to me, here's how you know why. Last week

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Speaker 4: they put out a stat that I think eighty nine

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Speaker 4: percent of all the global debt is on a fixed rate.

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Speaker 4: Why would they put that out?

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Speaker 2: Well, if it was a variable rate, you could have

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Speaker 2: a case.

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Speaker 4: But if the majority of auto on debt, mortgages, and

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Speaker 4: credit card debt are locked into a fixed rate, then

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Speaker 4: you can predict delinquency rates when people will pay it off.

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Speaker 4: Like I just think the comment was misguided. I think

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Speaker 4: he means well. Peter Schiff is another one that reports

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Speaker 4: some doom and gloom. There's a lot of truth to

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Speaker 4: what Peter says, but the government is going to do

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Speaker 4: everything in combination at the right time, especially with bricks

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Speaker 4: becoming more formidable. Saw they just join. They are going

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Speaker 4: to make sure that we don't have this big collapse

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Speaker 4: where it could actually turn the time because if we

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Speaker 4: go into a twenty four to twenty five cycle, while

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Speaker 4: we're on the ropes and bricks is getting stronger, that's

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Speaker 4: when they could begin to make a stronger push. They're

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Speaker 4: not gonna let a session happen, not this next year,

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Speaker 4: and definitely not by next month.

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Speaker 2: They're on the claw.

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Speaker 3: So he said he would say stuff like this just

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Speaker 3: to kind of sell his book, or just just a

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Speaker 3: queen's slip approach flip, I love you.

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Speaker 4: But sometimes online people want to be sensational to get

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Speaker 4: the clicks and views.

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Speaker 3: But when it is hurt, like let's say hypothetically that

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Speaker 3: the market doesn't crash, right, what does he say, like

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Speaker 3: I've miscalculated or is the government.

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Speaker 4: Saying for the last three years and what it's going

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Speaker 4: to come eventually. There's a lot of people, and if

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Speaker 4: you are familiar with investing, you have doom and gloom

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Speaker 4: reports and newsletters that have been predicting crashes since two

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Speaker 4: thousand and nine. They haven't happened. Of course, COVID we

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Speaker 4: had a strong pullback, quantitative ease and went through the roof.

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Speaker 4: You've had separate markets that have had issues. Inflations have

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Speaker 4: gone incredibly high in certain countries. But there's a certain

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Speaker 4: if you're not educated, it's a certain sector of people

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Speaker 4: that you can target, especially in the conspiracy wing, that

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Speaker 4: you believe that a market is going to crash. Even

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Speaker 4: after they revealed Zuckerberg's bunker, everyone was like, hey, go

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Speaker 4: get kloid lit silver, go build a bunker. I'm gonna

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Speaker 4: go get two thousand pounds of beans. I like, man,

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Speaker 4: if a media hits Earth, there's nothing we can do.

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Speaker 6: Sorry, Yeah, I mean if he's wrong, I don't know

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Speaker 6: if there's a consequence for it, right, we've seen it.

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Speaker 4: If he's right, I'll come on here, shave off my head.

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Speaker 2: Need a turtle, Live a live turtle.

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Speaker 6: I remember sitting fact that's not going to happen two

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Speaker 6: thousand and seven.

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Speaker 2: I think you were there.

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Speaker 6: We sat down and we watched him speak about nickel

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Speaker 6: being the commodity of the future and how you know

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Speaker 6: we needed to invest it in two thousand.

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Speaker 2: This is like two thousand and seven.

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Speaker 6: Now it has with what almost fifteen plus years past

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Speaker 6: that I don't Nickel hasn't been the commodity of the

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Speaker 6: future anywhere near it. So I mean they would to

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Speaker 6: make a prediction and not be right about it. I

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Speaker 6: feel like that's just like the standard. And the thing

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Speaker 6: is that you don't have to you don't even have

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Speaker 6: to speak about it. You say, all right, you know

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Speaker 6: I was wrong, and move. Most is set to your take.

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Speaker 6: It's going to crash, it's the worst crash ever.

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Speaker 4: Or get a safe twelve to thirteen percent growth per

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Speaker 4: year by investing the index funds the crash always and

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Speaker 4: for all my traded you know, most assets, whether it's

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Speaker 4: real estate, stocks, media, if you do it right, water, oil, gold,

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Speaker 4: I'll save that for the blackout. The other line, I

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Speaker 4: was gonna stay. But most commodities go up to the upside.

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Speaker 4: Even in the destruction of civilizations and countries. When you

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Speaker 4: there's no more real estate to buy, let me knock

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Speaker 4: some buildings over and then I go over there and

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Speaker 4: reinvest in that. Most assets go up in supercycles twenty

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Speaker 4: to forty years. I talked to stock Club about this

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Speaker 4: two weeks ago, even calling for a crash. Most crashes

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Speaker 4: only the last eighteen months after that happened. The real

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Speaker 4: money is holding on for the long term. He's pro crash,

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Speaker 4: but pro gold gold is going thro the upside.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fine nearly

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Speaker 1: one thousand dollars a day, imprisoned and deported, you will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and family will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security,