1 00:00:00,280 --> 00:00:03,440 Speaker 1: The everything bubble is pushed asset prices like stocks, real 2 00:00:03,560 --> 00:00:06,680 Speaker 1: estate and bitcoin two crazy new all time highs and 3 00:00:07,000 --> 00:00:10,360 Speaker 1: the pinprick. It's coming and they're all gonna burst, and 4 00:00:10,400 --> 00:00:13,200 Speaker 1: everything's gonna come crashing down. Well, at least that's what 5 00:00:13,320 --> 00:00:17,200 Speaker 1: you know. Mainstream analysts like Michael Burry, Jim Rickards, my 6 00:00:17,239 --> 00:00:20,560 Speaker 1: good friend, Robert Kiyosaki, Harry Dent, Mike Maloney, Peter Schiff, 7 00:00:20,840 --> 00:00:24,120 Speaker 1: Jeremy Grantham, list goes on and more of those people 8 00:00:24,239 --> 00:00:26,880 Speaker 1: keep telling us, keep showing us that this bubble is 9 00:00:26,920 --> 00:00:29,800 Speaker 1: going to burst. But could they all be wrong? What 10 00:00:29,920 --> 00:00:33,239 Speaker 1: if the bubble they're seeing isn't really what it seems. 11 00:00:33,479 --> 00:00:35,640 Speaker 1: So in this video, we're gonna look at these crazy 12 00:00:35,640 --> 00:00:37,880 Speaker 1: asset bubbles. We're gonna look at the rise and fall 13 00:00:37,960 --> 00:00:41,080 Speaker 1: of each, We're gonna look at the fundamental drivers of 14 00:00:41,240 --> 00:00:45,440 Speaker 1: these asset bubbles, the cycles that are moving them along, 15 00:00:45,760 --> 00:00:48,800 Speaker 1: and what to expect next. Now, based off my social 16 00:00:48,840 --> 00:00:51,360 Speaker 1: media post over the last few days and weeks, it 17 00:00:51,360 --> 00:00:54,480 Speaker 1: seems that no one's prepared to see this data. It's 18 00:00:54,520 --> 00:00:57,640 Speaker 1: gonna challenge every belief and every bias that you have. 19 00:00:57,760 --> 00:01:00,240 Speaker 1: But if you want to know the truth, then stick around, 20 00:01:00,400 --> 00:01:02,600 Speaker 1: and let's go all right, and real quick before we do, 21 00:01:02,800 --> 00:01:04,399 Speaker 1: if you knew the channel, my name is Mark Moss. 22 00:01:04,400 --> 00:01:07,679 Speaker 1: I've been investing through multiple bear market cycles. I've seen 23 00:01:07,720 --> 00:01:10,680 Speaker 1: my share of asset bubbles. I started investing right before 24 00:01:10,680 --> 00:01:13,520 Speaker 1: the dot com boom and the bust. I've been built 25 00:01:13,600 --> 00:01:16,399 Speaker 1: up two tech companies with big exits. I had a big, 26 00:01:16,480 --> 00:01:19,360 Speaker 1: multi eight figure real estate portfolio only to see the 27 00:01:19,520 --> 00:01:21,759 Speaker 1: real estate asset bubble crash in two thousand and eight, 28 00:01:22,000 --> 00:01:25,000 Speaker 1: and so I've been studying these events in great detail 29 00:01:25,040 --> 00:01:27,880 Speaker 1: ever since. And I've been making these educational videes for 30 00:01:27,920 --> 00:01:31,440 Speaker 1: over five years to help you avoid the same mistakes 31 00:01:31,440 --> 00:01:33,479 Speaker 1: and pain that I had to go through. So let's 32 00:01:33,560 --> 00:01:36,399 Speaker 1: jump right in. All right, So we're going to talk 33 00:01:36,400 --> 00:01:38,680 Speaker 1: about the everything bubble, and I'm going to talk really 34 00:01:38,720 --> 00:01:41,560 Speaker 1: fast because I have a ton of data. I got 35 00:01:41,600 --> 00:01:43,120 Speaker 1: a ton of charts that I'm going to show you, 36 00:01:43,280 --> 00:01:44,840 Speaker 1: So I'm going to go through them as quickly as 37 00:01:44,840 --> 00:01:46,760 Speaker 1: I can, try to keep the ad libbing down to 38 00:01:46,800 --> 00:01:48,760 Speaker 1: a minimum. All right, but we're going to talk about 39 00:01:48,800 --> 00:01:51,520 Speaker 1: the everything bubble as a drome. Pal is showing us 40 00:01:51,600 --> 00:01:54,920 Speaker 1: right here, and look, most people have this completely wrong. 41 00:01:55,120 --> 00:01:58,680 Speaker 1: It's a reverse thinking of what most people think. It's 42 00:01:58,720 --> 00:02:01,680 Speaker 1: why I've been une for about the last year and 43 00:02:01,720 --> 00:02:03,559 Speaker 1: a half. You can see my record on the videos 44 00:02:03,600 --> 00:02:05,480 Speaker 1: down below. And we're going to talk about this now. 45 00:02:05,480 --> 00:02:07,560 Speaker 1: The first thing, let's just frame this up. Okay, We're 46 00:02:07,600 --> 00:02:09,320 Speaker 1: going to start from the beginning. What the heck is 47 00:02:09,360 --> 00:02:11,880 Speaker 1: this everything bubble? It was a term that was really 48 00:02:11,919 --> 00:02:14,560 Speaker 1: coined by Jennet Yellen back when she was running the FED, 49 00:02:14,720 --> 00:02:18,120 Speaker 1: and it's basically an everything bubble refers to a correlated 50 00:02:18,200 --> 00:02:22,959 Speaker 1: impact of monetary easing. So in Wikipedia sort of tells 51 00:02:23,000 --> 00:02:25,800 Speaker 1: you this, but for some reason, all these analysts and 52 00:02:25,800 --> 00:02:27,839 Speaker 1: all these people on Twitter and social media, they don't 53 00:02:27,919 --> 00:02:32,240 Speaker 1: understand it. It's a correlated impact of monetary easy We'll 54 00:02:32,280 --> 00:02:36,880 Speaker 1: come back to that. It says monetary easing on asset prices. 55 00:02:36,919 --> 00:02:40,600 Speaker 1: So what is monetary easing due to asset prices creates 56 00:02:40,600 --> 00:02:43,519 Speaker 1: and everything bubble? The policy itself and the techniques of 57 00:02:43,600 --> 00:02:47,720 Speaker 1: direct and indirect, direct and indirect of quantitative easing. Why 58 00:02:47,720 --> 00:02:50,119 Speaker 1: do I stop there? Because people are like, but Mark, 59 00:02:50,160 --> 00:02:52,480 Speaker 1: we haven't been having quantitative easying. Look, the Fed's been 60 00:02:52,480 --> 00:02:57,760 Speaker 1: tightening well direct and indirect. So while their official policy 61 00:02:57,840 --> 00:03:01,320 Speaker 1: has been tightening. All the indrec stuff they've been doing 62 00:03:01,560 --> 00:03:05,520 Speaker 1: has had the same effect of easying, like the BTFP program, 63 00:03:05,560 --> 00:03:08,520 Speaker 1: for example. And it says the FED put is a 64 00:03:08,560 --> 00:03:11,760 Speaker 1: modern monetary theory. So modern monetary theory means that we 65 00:03:11,800 --> 00:03:13,760 Speaker 1: can just print as much as we want. There's no 66 00:03:13,760 --> 00:03:15,280 Speaker 1: limit to the amount of money that we can just create. 67 00:03:15,760 --> 00:03:18,079 Speaker 1: And if we print too much and inflation is too high, 68 00:03:18,080 --> 00:03:19,440 Speaker 1: then we can tax it out, sort of like a 69 00:03:19,520 --> 00:03:21,560 Speaker 1: drain on a bathtub. We're gonna come back to this, 70 00:03:21,760 --> 00:03:23,960 Speaker 1: but this sort of frames it up right here. But 71 00:03:24,120 --> 00:03:28,360 Speaker 1: most people just don't understand this. Now, a bubble, I 72 00:03:28,400 --> 00:03:30,760 Speaker 1: often say when someone says, hey, but Bitcoin, our houses 73 00:03:30,880 --> 00:03:34,280 Speaker 1: or stocks are in a bubble. Everything's always the bubble. Now, 74 00:03:34,360 --> 00:03:38,000 Speaker 1: the question is at what stage in the bubble we are, right, So, 75 00:03:38,240 --> 00:03:40,720 Speaker 1: if an asset price is going up, Let's imagine if 76 00:03:40,760 --> 00:03:43,160 Speaker 1: we have a baseline. If an asset price is going up, 77 00:03:43,400 --> 00:03:48,240 Speaker 1: that's a bubble. Now is it low? Is high? Right? 78 00:03:48,320 --> 00:03:50,320 Speaker 1: So the question is what stage? So here's the stages 79 00:03:50,360 --> 00:03:52,520 Speaker 1: that we have the takeoff of the bubble. If we're 80 00:03:52,520 --> 00:03:54,600 Speaker 1: in this stage of the bubble, no big deal, right, 81 00:03:55,440 --> 00:03:57,160 Speaker 1: then we have this first sell off. They call this 82 00:03:57,240 --> 00:03:58,840 Speaker 1: a bear trap. You know. If we're in this stage 83 00:03:58,840 --> 00:04:01,560 Speaker 1: of the bubble, no big deal. It's this part, this 84 00:04:01,600 --> 00:04:03,640 Speaker 1: part of the bubble that we want to be careful of. 85 00:04:03,880 --> 00:04:08,600 Speaker 1: We have this enthusiasm, greed, delusion, and a new paradigm. 86 00:04:08,640 --> 00:04:10,320 Speaker 1: Oh my god, a'readaet so rich, I'll never go down. 87 00:04:10,400 --> 00:04:13,120 Speaker 1: And then finally denial and it crashes back down. Okay, 88 00:04:13,320 --> 00:04:16,440 Speaker 1: that's what people typically see, but that's not all what 89 00:04:16,480 --> 00:04:20,800 Speaker 1: it seems. Now a few notable bubbles from history. We 90 00:04:20,839 --> 00:04:23,719 Speaker 1: have the tulip bubble. It's the most famous one in history. 91 00:04:23,960 --> 00:04:28,320 Speaker 1: And tulips in Holland, like the flower, they got so overbought. 92 00:04:28,360 --> 00:04:30,920 Speaker 1: It created this massive peak and then they sold off. 93 00:04:30,960 --> 00:04:33,599 Speaker 1: Now a lot of people like to say, oh, tulip mania, 94 00:04:33,839 --> 00:04:35,960 Speaker 1: it's sort of like the doc or sort of like bitcoin. 95 00:04:36,240 --> 00:04:40,200 Speaker 1: Well not really, because the tulipmania never came back. It 96 00:04:40,279 --> 00:04:43,920 Speaker 1: never rebounded again. The dot com went up and down, 97 00:04:44,080 --> 00:04:46,960 Speaker 1: but of course it's way higher today. Bitcoin went up 98 00:04:47,000 --> 00:04:49,080 Speaker 1: and down, and of course it's way higher today. So 99 00:04:49,080 --> 00:04:50,960 Speaker 1: it's a little bit different. You have to understand sort 100 00:04:51,000 --> 00:04:52,640 Speaker 1: of how these work. And I wanted to show you 101 00:04:52,680 --> 00:04:55,440 Speaker 1: the dot com for example. Now, the dot com was 102 00:04:55,480 --> 00:04:57,720 Speaker 1: a bubble, and it did crash. And when we talk 103 00:04:57,760 --> 00:04:59,720 Speaker 1: about the bubble, we can see I drew this trend 104 00:04:59,760 --> 00:05:02,160 Speaker 1: line for you right here. So this is the NASDAC right, 105 00:05:02,200 --> 00:05:04,480 Speaker 1: which is represented sort of the dot com bubble from 106 00:05:04,520 --> 00:05:07,480 Speaker 1: nineteen seventy seven to twenty twenty four. And what we 107 00:05:07,480 --> 00:05:11,760 Speaker 1: can see is right here, this did create a bubble, 108 00:05:11,960 --> 00:05:14,839 Speaker 1: right It got way over the trend line. So it 109 00:05:14,960 --> 00:05:17,400 Speaker 1: crashed down, so back to the mean, back to the 110 00:05:17,400 --> 00:05:20,159 Speaker 1: trend line. It bounced around, tested the trend line again, 111 00:05:20,480 --> 00:05:22,560 Speaker 1: and then it took off to new all time highs. 112 00:05:22,640 --> 00:05:26,160 Speaker 1: So this right here is what we're looking for. Really, 113 00:05:26,200 --> 00:05:28,960 Speaker 1: are we looking for things that are way too over extended, 114 00:05:29,000 --> 00:05:31,880 Speaker 1: way too overpriced, or are they underpriced? But most people 115 00:05:31,880 --> 00:05:33,960 Speaker 1: don't understand this. Okay, I know it sounds like a 116 00:05:34,000 --> 00:05:37,400 Speaker 1: simple concept. Stick with me. Okay, this is very crucial 117 00:05:37,480 --> 00:05:40,040 Speaker 1: you understand this. So now let's look at asset bubbles. 118 00:05:40,080 --> 00:05:41,520 Speaker 1: And again I'm gonna talk fast. I got a lot 119 00:05:41,600 --> 00:05:44,280 Speaker 1: of data, Okay, so let's look at stocks. I did 120 00:05:44,279 --> 00:05:47,560 Speaker 1: a poll on my Instagram and I basically asked my 121 00:05:47,680 --> 00:05:50,159 Speaker 1: audience on Instagram, what do you think is the biggest 122 00:05:50,160 --> 00:05:56,440 Speaker 1: asset bubble? Stocks, real estate or bitcoin or other, and 123 00:05:56,640 --> 00:05:59,520 Speaker 1: almost everybody thought that stocks in real estate were the 124 00:05:59,520 --> 00:06:02,280 Speaker 1: two biggest bubbles. They were about tied. So let's take 125 00:06:02,279 --> 00:06:04,400 Speaker 1: a look at those bubbles. Now what we can see, 126 00:06:04,520 --> 00:06:07,320 Speaker 1: and actually we're in a stocks real estate we're gonna 127 00:06:07,320 --> 00:06:09,640 Speaker 1: look a bit poin. This is the tweet that sort 128 00:06:09,680 --> 00:06:12,320 Speaker 1: of kicked all this off. My good friend Lynn Alden 129 00:06:12,720 --> 00:06:15,320 Speaker 1: put up this tweet on Twitter. If you're follow me, 130 00:06:15,640 --> 00:06:17,719 Speaker 1: I'll linked to my Twitter down below. You can see 131 00:06:17,760 --> 00:06:19,280 Speaker 1: us going back and forth on these things. It's kind 132 00:06:19,320 --> 00:06:21,280 Speaker 1: of fun. This is what sparked this whole video. And 133 00:06:21,320 --> 00:06:24,600 Speaker 1: she basically said that in two thousand and eight right here, 134 00:06:25,000 --> 00:06:28,960 Speaker 1: the housing bubble got overextended, but today it seems to 135 00:06:29,000 --> 00:06:32,320 Speaker 1: be driven by something else, which I replied, it's like 136 00:06:32,360 --> 00:06:35,680 Speaker 1: a bubble in the denominator. You may not understand what 137 00:06:35,680 --> 00:06:36,880 Speaker 1: that is. I'm going to break it down for you. 138 00:06:37,240 --> 00:06:39,279 Speaker 1: And this guy right here, Darth Powell. He likes to 139 00:06:39,320 --> 00:06:42,400 Speaker 1: comment on Twitter a bunch. He says to me, Mark, 140 00:06:42,720 --> 00:06:46,400 Speaker 1: you just don't understand how real estate is priced. Actually, 141 00:06:46,400 --> 00:06:48,279 Speaker 1: he said, you do't understand how real estate is priced? Mark, 142 00:06:49,360 --> 00:06:51,880 Speaker 1: Oh I don't. Well, I've been a real estate I 143 00:06:51,920 --> 00:06:53,800 Speaker 1: started my career in real estate. I still invest in 144 00:06:53,800 --> 00:06:56,440 Speaker 1: real estate. I don't understand. You don't typically want to 145 00:06:56,480 --> 00:06:58,240 Speaker 1: tell that to people like you don't know what they know. 146 00:06:58,520 --> 00:07:01,080 Speaker 1: He says, I don't understand, which then of course I 147 00:07:01,160 --> 00:07:04,160 Speaker 1: had to reply, and I said, I did it gracefully. 148 00:07:04,160 --> 00:07:06,760 Speaker 1: I said, look, I just don't understand real estate. And 149 00:07:06,760 --> 00:07:08,599 Speaker 1: I didn't und stay aything else. I just gave him 150 00:07:08,640 --> 00:07:10,880 Speaker 1: the data. All right, I'm going to break this data 151 00:07:10,920 --> 00:07:12,440 Speaker 1: down for you. But this is what sort of sparked this. 152 00:07:12,840 --> 00:07:14,760 Speaker 1: You don't want to be like that guy. You want 153 00:07:14,760 --> 00:07:16,360 Speaker 1: to know the data, at least if you want to 154 00:07:16,400 --> 00:07:18,000 Speaker 1: make money. So let's take a look at this. So 155 00:07:18,040 --> 00:07:19,760 Speaker 1: if we go back to the s and P five 156 00:07:19,880 --> 00:07:22,280 Speaker 1: hundred and are we in a bubble? Now? I drew 157 00:07:22,280 --> 00:07:24,440 Speaker 1: a trend line from nineteen eight to twenty twenty four, 158 00:07:24,760 --> 00:07:28,640 Speaker 1: and we see here again in the two thousand dot 159 00:07:28,680 --> 00:07:33,320 Speaker 1: com bubble, it got way over extended, and then it recovered, 160 00:07:33,600 --> 00:07:35,920 Speaker 1: and then it got way over extended in two thousand 161 00:07:35,920 --> 00:07:39,280 Speaker 1: and eight again, and then it recovered. All right. Now 162 00:07:39,360 --> 00:07:41,880 Speaker 1: from two thousand and eight, we can see this trend 163 00:07:41,920 --> 00:07:44,800 Speaker 1: line going straight up. Now, if you're saying, well, Mark, 164 00:07:44,880 --> 00:07:46,840 Speaker 1: you said this was overextended. Here you might say, well, 165 00:07:46,960 --> 00:07:49,880 Speaker 1: this is actually over extended, and you would actually be right. 166 00:07:50,160 --> 00:07:53,880 Speaker 1: So these two areas look very bubbleish. So the S 167 00:07:53,920 --> 00:07:56,040 Speaker 1: and P five hundred does look like it's in a 168 00:07:56,160 --> 00:07:59,720 Speaker 1: massive bubble right now, similar to here. Okay, but that's 169 00:07:59,760 --> 00:08:01,960 Speaker 1: only from the basic This is where most people go wrong. 170 00:08:02,040 --> 00:08:04,080 Speaker 1: I'm gonna break this down for you. Don't worry, Okay, 171 00:08:04,080 --> 00:08:05,560 Speaker 1: if we zoom in just a little bit, just so 172 00:08:05,560 --> 00:08:07,120 Speaker 1: you can see it a little bit better. Here's the 173 00:08:07,160 --> 00:08:10,400 Speaker 1: S and P five hundred now just from we'll get 174 00:08:10,400 --> 00:08:12,880 Speaker 1: from two thousand and eight until now, and again you 175 00:08:12,920 --> 00:08:14,600 Speaker 1: can see I mean, obviously it moves up and down 176 00:08:14,600 --> 00:08:16,840 Speaker 1: off this trend line, so you know from where it's 177 00:08:16,880 --> 00:08:19,880 Speaker 1: been over the trend line. It's not super high. We're 178 00:08:19,880 --> 00:08:22,000 Speaker 1: not super high. I wouldn't call this a big bubble, 179 00:08:22,120 --> 00:08:25,160 Speaker 1: but again, it's not what it seems. This is what 180 00:08:25,200 --> 00:08:28,160 Speaker 1: people are totally missing out on. Let's take a look 181 00:08:28,160 --> 00:08:30,600 Speaker 1: at the Nasdaq. The nasdack again is sort of represented 182 00:08:30,600 --> 00:08:32,880 Speaker 1: by the tech stocks, and again sort of the same 183 00:08:32,920 --> 00:08:35,199 Speaker 1: time period from two thousand and eight. Of course, it 184 00:08:35,320 --> 00:08:37,240 Speaker 1: bounces up and down on the trend line, so it 185 00:08:37,280 --> 00:08:40,880 Speaker 1: gets over extended, right a little bit expensive, a little 186 00:08:40,880 --> 00:08:42,840 Speaker 1: bit cheap, little bit expensive, a little bit cheap. You know, 187 00:08:42,840 --> 00:08:45,160 Speaker 1: it got a little bubbish here. It broke through the 188 00:08:45,200 --> 00:08:47,160 Speaker 1: trend line here, and now it's bouncing back up. We're 189 00:08:47,200 --> 00:08:49,920 Speaker 1: not high above the trend line. So everyone's like, oh 190 00:08:49,920 --> 00:08:52,800 Speaker 1: my gosh, it's a bubble. Well why why? Because we're 191 00:08:52,840 --> 00:08:56,560 Speaker 1: way up from here? Is that why? Because the prices 192 00:08:56,600 --> 00:08:58,720 Speaker 1: are more expensive they used to be. Is that why? 193 00:08:59,120 --> 00:09:02,360 Speaker 1: Hang on, don't worry to break this down. Okay, now bitcoin, 194 00:09:02,559 --> 00:09:06,120 Speaker 1: of course bitcoin's in a massive bubble. We can see 195 00:09:06,120 --> 00:09:09,200 Speaker 1: this now, back to the tulip mania. It went up 196 00:09:09,200 --> 00:09:11,400 Speaker 1: and it crashed, and then it came back and it crashed, 197 00:09:11,440 --> 00:09:12,920 Speaker 1: and then it came up and it crashed and it 198 00:09:12,960 --> 00:09:14,920 Speaker 1: came back. So it comes back over and over. Now 199 00:09:15,000 --> 00:09:18,600 Speaker 1: let's get to the homes set in the stage. Don't worry, 200 00:09:18,600 --> 00:09:20,240 Speaker 1: we're going to break this down. Now, here's the home. 201 00:09:20,320 --> 00:09:22,240 Speaker 1: So this is what the guy is telling me, Mark, 202 00:09:22,280 --> 00:09:25,160 Speaker 1: you don't understand. See how big the bubble was here 203 00:09:25,200 --> 00:09:28,680 Speaker 1: in two thousand and eight. See how far this got overextended. 204 00:09:29,000 --> 00:09:34,480 Speaker 1: But look how much higher homes priced are today. They're 205 00:09:34,600 --> 00:09:36,640 Speaker 1: way higher than they were in two thousand and eight. 206 00:09:36,840 --> 00:09:39,960 Speaker 1: And don't you know that mortgage rates are way higher 207 00:09:40,120 --> 00:09:42,560 Speaker 1: and people can't afford homes, and don't you know there's 208 00:09:42,559 --> 00:09:45,160 Speaker 1: a recession coming and people are broke. And don't you 209 00:09:45,240 --> 00:09:47,560 Speaker 1: know that if mortgage rates go up, home prices are 210 00:09:47,559 --> 00:09:49,600 Speaker 1: going to have to crash down. Don't you know, Mark, 211 00:09:49,600 --> 00:09:53,000 Speaker 1: We're in a big bubble. You obviously don't understand real 212 00:09:53,120 --> 00:09:57,079 Speaker 1: estate prices. Okay, Now there's another chart, and this is 213 00:09:57,120 --> 00:10:00,440 Speaker 1: where people get misled. Okay, this is the the Case 214 00:10:00,440 --> 00:10:02,560 Speaker 1: Shiller Index. And just so you don't know, the Case 215 00:10:02,559 --> 00:10:05,360 Speaker 1: Shiller Index tracks the home prices across the United States. 216 00:10:05,480 --> 00:10:07,800 Speaker 1: So we have the Case Shiller index, and we also 217 00:10:07,840 --> 00:10:11,680 Speaker 1: have an inflation adjusted Okay, so this right here is 218 00:10:11,720 --> 00:10:13,480 Speaker 1: the charge. I just showed you the Case Shiller index, 219 00:10:13,640 --> 00:10:15,240 Speaker 1: and again you see it went up in two thousand 220 00:10:15,240 --> 00:10:17,640 Speaker 1: and eight, it came down, went back up, and so 221 00:10:17,720 --> 00:10:19,959 Speaker 1: we're way above the two thousand and eight level. Now. 222 00:10:20,360 --> 00:10:22,920 Speaker 1: But you might say, but Mark, I know we have inflation, right, 223 00:10:22,960 --> 00:10:25,040 Speaker 1: because the Feds printed all this money and prices go 224 00:10:25,120 --> 00:10:28,240 Speaker 1: up naturally, right, So if we adjust this for inflation, 225 00:10:28,720 --> 00:10:30,440 Speaker 1: you can see that we went up in two thousand 226 00:10:30,440 --> 00:10:32,560 Speaker 1: and eight, they came down. But because of all the 227 00:10:32,600 --> 00:10:36,240 Speaker 1: money printing. This isn't real. These prices aren't real. Right here, 228 00:10:36,480 --> 00:10:38,720 Speaker 1: this is the actual real price, as it says, real 229 00:10:38,880 --> 00:10:41,840 Speaker 1: Case Shiller index. And again if you draw a trend 230 00:10:41,920 --> 00:10:44,480 Speaker 1: line boom boom boom, boom boom, you can see that 231 00:10:44,559 --> 00:10:48,800 Speaker 1: we're actually above that as well. So even if you 232 00:10:48,880 --> 00:10:52,600 Speaker 1: adjusted for inflation mark, it looks like the Case Shiller 233 00:10:52,679 --> 00:10:56,920 Speaker 1: index is up. Well, that might be your guess, but 234 00:10:56,960 --> 00:10:59,040 Speaker 1: that would be wrong as well. Don't worry, We're gonna 235 00:10:59,040 --> 00:11:03,840 Speaker 1: break this down. The reason why is because the government 236 00:11:03,880 --> 00:11:09,200 Speaker 1: reported CPI data. Inflation isn't the number you should be 237 00:11:09,240 --> 00:11:11,840 Speaker 1: looking at this where everybody goes wrong with all your investments, 238 00:11:11,920 --> 00:11:14,560 Speaker 1: with all your loans, with everything. Okay, So the first 239 00:11:14,559 --> 00:11:17,480 Speaker 1: one I have to understand is that game on the 240 00:11:17,600 --> 00:11:20,160 Speaker 1: reason why we have been seeing a rally and the 241 00:11:20,240 --> 00:11:22,960 Speaker 1: reason why we have this asset bubble goes back to 242 00:11:23,000 --> 00:11:25,440 Speaker 1: the very first slide I showed you from Wikipedia, which 243 00:11:25,520 --> 00:11:29,480 Speaker 1: is it's monetary easing. Okay, So I have jer own 244 00:11:29,480 --> 00:11:32,360 Speaker 1: Powell here right here, and we see that it all 245 00:11:32,400 --> 00:11:37,800 Speaker 1: starts from monetary policy. If monetary policy is loose, the 246 00:11:38,679 --> 00:11:42,160 Speaker 1: expansion of the money supply is fast. Asset prices go up. 247 00:11:42,320 --> 00:11:45,760 Speaker 1: If they tighten things, things slow back down. Now we know, 248 00:11:46,120 --> 00:11:48,000 Speaker 1: if you've been following my channel, you've been paying attention, 249 00:11:48,320 --> 00:11:53,240 Speaker 1: you know that November around October November of twenty twenty 250 00:11:53,320 --> 00:11:56,360 Speaker 1: one mark the top of the last cycle. It was 251 00:11:56,400 --> 00:11:58,680 Speaker 1: the peak for the Nasdaq, it was the peak for 252 00:11:58,760 --> 00:12:02,480 Speaker 1: the for bitcoin, the peak for housing, all of those things. 253 00:12:02,520 --> 00:12:05,080 Speaker 1: Now they've gone onto rebound since then. And the reason 254 00:12:05,120 --> 00:12:07,960 Speaker 1: why is because in November twenty twenty one, the Federal 255 00:12:08,000 --> 00:12:11,760 Speaker 1: Reserve FED announced that it would begin to taper, or 256 00:12:11,960 --> 00:12:14,800 Speaker 1: tighten the monetary base. So it had been easying, they 257 00:12:14,800 --> 00:12:18,080 Speaker 1: decided to taper, popularly known as quantitative. They're going to 258 00:12:18,080 --> 00:12:22,640 Speaker 1: taper the quantitative tightening. So we're going from easing into tightening. Okay, 259 00:12:23,160 --> 00:12:25,280 Speaker 1: and we can see that. So we have the FED 260 00:12:25,280 --> 00:12:27,280 Speaker 1: funds rate. You may know, some of this stuff will 261 00:12:27,320 --> 00:12:29,599 Speaker 1: go through it quickly, and basically the Fed is just 262 00:12:29,720 --> 00:12:32,520 Speaker 1: knee jerking reaction. Lay lower interest rates, they raise interest rates. 263 00:12:32,559 --> 00:12:35,040 Speaker 1: They lower rates, They kept them low for a very 264 00:12:35,080 --> 00:12:36,520 Speaker 1: long period of time. They tried to raise them, they 265 00:12:36,520 --> 00:12:38,920 Speaker 1: crashed the economy, they lowered them again, and they raising 266 00:12:38,960 --> 00:12:41,120 Speaker 1: them back up again. Are you getting the point? So 267 00:12:41,280 --> 00:12:45,400 Speaker 1: we watch FED policy to see what's going on there. Okay, 268 00:12:45,600 --> 00:12:47,360 Speaker 1: now the other thing we want to take a look 269 00:12:47,400 --> 00:12:51,240 Speaker 1: at is the money base. So when they lower rates, 270 00:12:51,640 --> 00:12:54,559 Speaker 1: for example, right, like an iPhone whatever, it's fifteen hundred bucks. 271 00:12:54,640 --> 00:12:56,800 Speaker 1: Do you think if Apple put their iPhones on self 272 00:12:56,840 --> 00:13:00,360 Speaker 1: for one hundred dollars more people would buy iPhones? Right? So, 273 00:13:00,480 --> 00:13:03,439 Speaker 1: when loans are expensive, less people get loans. When loans 274 00:13:03,440 --> 00:13:06,360 Speaker 1: are super cheap, more people get loans. And remember weren't 275 00:13:06,360 --> 00:13:09,640 Speaker 1: a debt based monetary system, so money is created through 276 00:13:09,720 --> 00:13:12,600 Speaker 1: debt issuance. So when rates are cheap, more people get loans, 277 00:13:12,720 --> 00:13:14,920 Speaker 1: more money is created. We look at the FED. This 278 00:13:15,000 --> 00:13:17,800 Speaker 1: is the M two money supply chart, So this is 279 00:13:17,840 --> 00:13:20,040 Speaker 1: the amount of money that's been created through all that 280 00:13:20,080 --> 00:13:22,679 Speaker 1: debt expansion. Now, what we can see is this trend 281 00:13:22,679 --> 00:13:25,200 Speaker 1: line going back to about two thousand and five, two thousand, 282 00:13:25,400 --> 00:13:26,720 Speaker 1: I don't know is that two thousand and three ish. 283 00:13:27,120 --> 00:13:28,920 Speaker 1: And you can see this trend line that I've put here. 284 00:13:29,080 --> 00:13:31,280 Speaker 1: Now I circled this right here because this was the 285 00:13:31,360 --> 00:13:34,960 Speaker 1: two thousand and eight housing crash. Now, as you remember 286 00:13:34,960 --> 00:13:37,520 Speaker 1: from the housing chart, the houses went up like this 287 00:13:37,960 --> 00:13:40,360 Speaker 1: and came down, but there was really no reason to 288 00:13:40,480 --> 00:13:43,839 Speaker 1: because the money supply wasn't really expanding, but you can 289 00:13:43,880 --> 00:13:47,760 Speaker 1: see the money supply kind of continued this trend trend trend, trend, trend, 290 00:13:47,760 --> 00:13:50,400 Speaker 1: trend trend. And right here in twenty twenty, when the 291 00:13:50,400 --> 00:13:53,280 Speaker 1: Great Pandemic happened and they printed all that stimulus, you 292 00:13:53,280 --> 00:13:56,880 Speaker 1: can see the balance sheet went to the moon. Now 293 00:13:56,920 --> 00:14:00,600 Speaker 1: I circled this right here. This is right when monetary 294 00:14:00,640 --> 00:14:04,320 Speaker 1: base actually started to dwindle. So remember about October November 295 00:14:04,360 --> 00:14:06,480 Speaker 1: of twenty twenty one, the Fed said they were going 296 00:14:06,559 --> 00:14:08,679 Speaker 1: to do it. They didn't actually start doing it till 297 00:14:08,679 --> 00:14:10,520 Speaker 1: the beginning of twenty twenty two. The reason why is 298 00:14:10,520 --> 00:14:12,480 Speaker 1: the Fed is always trying to project out months in 299 00:14:12,520 --> 00:14:15,840 Speaker 1: advance what's going to happen, like Jerome Powell's press conference 300 00:14:15,840 --> 00:14:17,920 Speaker 1: talking about the potential rate cuts coming. We'll come back 301 00:14:17,920 --> 00:14:20,400 Speaker 1: to that in a minute. But they tell us months 302 00:14:20,440 --> 00:14:22,120 Speaker 1: in advance what's going to happen, so they don't shock 303 00:14:22,160 --> 00:14:24,560 Speaker 1: the market. And so we can see they announced they 304 00:14:24,560 --> 00:14:27,920 Speaker 1: would start rate tapering, and they did and the monetary 305 00:14:27,960 --> 00:14:30,840 Speaker 1: base started coming back down. Now, the other thing we 306 00:14:30,840 --> 00:14:32,560 Speaker 1: want to look at is not just the money supply, 307 00:14:32,840 --> 00:14:35,040 Speaker 1: but we want to look at the fed balance sheet, 308 00:14:35,200 --> 00:14:37,000 Speaker 1: all right, So this is how much assets are keeping 309 00:14:37,000 --> 00:14:38,880 Speaker 1: on their books, because there's not just money on their books, 310 00:14:38,920 --> 00:14:43,760 Speaker 1: it's assets. It's mortgages, mortgage backed securities in some cases, bonds, 311 00:14:43,800 --> 00:14:46,560 Speaker 1: other securities, things like that. Now we see again in 312 00:14:46,560 --> 00:14:49,120 Speaker 1: two thousand and eight how fast their balance sheet went up. 313 00:14:49,320 --> 00:14:51,800 Speaker 1: In twenty twenty, how fast their balance sheet up. And 314 00:14:51,840 --> 00:14:54,920 Speaker 1: this is the taper that we've been talking about, almost 315 00:14:55,000 --> 00:14:58,120 Speaker 1: kind of getting us back to the start, all right, 316 00:14:58,240 --> 00:15:00,320 Speaker 1: So you can see that's what they're doing. Now. The 317 00:15:00,440 --> 00:15:03,240 Speaker 1: question is what's going to happen with the US debt 318 00:15:03,320 --> 00:15:07,400 Speaker 1: and the US borrowing. That's the big question. Now. I 319 00:15:07,440 --> 00:15:09,040 Speaker 1: want to just make one more point before we move 320 00:15:09,040 --> 00:15:12,000 Speaker 1: into that, and that's that all eyes don't need to 321 00:15:12,000 --> 00:15:13,960 Speaker 1: be on the US. I mean they should when the 322 00:15:14,040 --> 00:15:16,040 Speaker 1: US is the global reserve currency of the world, the 323 00:15:16,080 --> 00:15:18,560 Speaker 1: US is the financial market of the world. However, when 324 00:15:18,560 --> 00:15:20,360 Speaker 1: it comes to liquidity, we want to be looking at 325 00:15:20,680 --> 00:15:23,720 Speaker 1: global liquidity at least the main central bank, So at 326 00:15:23,840 --> 00:15:29,080 Speaker 1: least the US, the European Central Bank, the Bank of Japan, China, 327 00:15:29,120 --> 00:15:31,120 Speaker 1: the PBOC, We at least want to be looking at 328 00:15:31,160 --> 00:15:33,800 Speaker 1: those major central banks. And what we do when we 329 00:15:33,840 --> 00:15:36,040 Speaker 1: look at that, we can see a different picture. So 330 00:15:36,080 --> 00:15:38,720 Speaker 1: what we have here, the green is the rate of change. 331 00:15:38,840 --> 00:15:43,400 Speaker 1: This is more liquidity, more monetary easing. This is restriction 332 00:15:43,520 --> 00:15:49,240 Speaker 1: of easing, increase of liquidity, decrease of liquidity increase, right, 333 00:15:49,320 --> 00:15:51,120 Speaker 1: you see that. And what we have here on this 334 00:15:51,280 --> 00:15:53,640 Speaker 1: blue line, so the green is the is the money 335 00:15:53,680 --> 00:15:57,360 Speaker 1: supply growth change, the year over year change in the 336 00:15:57,360 --> 00:16:00,680 Speaker 1: money supply. The blue line is the actual m too 337 00:16:00,840 --> 00:16:04,160 Speaker 1: money supply. So when it goes down, we see there's 338 00:16:04,160 --> 00:16:06,760 Speaker 1: a dip. As it goes up, it goes back up. Right, 339 00:16:06,960 --> 00:16:09,840 Speaker 1: when there's a dip, this goes down, but the money supply, 340 00:16:10,080 --> 00:16:13,240 Speaker 1: the base has continued to go up, up up. Now, 341 00:16:13,320 --> 00:16:15,960 Speaker 1: put a couple of lines here. Why is this Well, 342 00:16:16,000 --> 00:16:19,440 Speaker 1: what we can see is these are moving on four 343 00:16:19,720 --> 00:16:21,520 Speaker 1: year cycles. I'm going to come back to this. You 344 00:16:21,600 --> 00:16:23,280 Speaker 1: watch my videos on a regular basis, you know what 345 00:16:23,320 --> 00:16:25,120 Speaker 1: that means. I'm going to come back to this in 346 00:16:25,160 --> 00:16:27,880 Speaker 1: more detail. But you can see this is happening on 347 00:16:27,920 --> 00:16:31,520 Speaker 1: a four year cycle. Now right here, this arrow is 348 00:16:31,600 --> 00:16:34,480 Speaker 1: when the Fed announced they were going to start tightening. 349 00:16:35,800 --> 00:16:38,960 Speaker 1: This little peak in that arrow is when the Fed 350 00:16:39,160 --> 00:16:41,360 Speaker 1: actually started tightening. Remember I said it was a couple 351 00:16:41,400 --> 00:16:43,440 Speaker 1: months later. Now you can see as soon as they 352 00:16:43,440 --> 00:16:46,760 Speaker 1: did that, we plunged off of a cliff. Now I 353 00:16:46,800 --> 00:16:50,440 Speaker 1: put this arrow right here because that was about October 354 00:16:50,520 --> 00:16:54,360 Speaker 1: of twenty twenty two. And if you go back on 355 00:16:54,400 --> 00:16:56,880 Speaker 1: my channel and scroll back to about October twenty two, 356 00:16:57,080 --> 00:16:59,120 Speaker 1: you'll see I made a video that says there is 357 00:16:59,200 --> 00:17:02,320 Speaker 1: no crash coming. And here's why. I proceeded to make 358 00:17:02,360 --> 00:17:05,840 Speaker 1: several videos explaining that, and we have been expanding the 359 00:17:05,840 --> 00:17:10,960 Speaker 1: liquidity base ever since, again on four year cycles. We're 360 00:17:10,960 --> 00:17:12,720 Speaker 1: going to come back to that in a minute. Okay, 361 00:17:12,840 --> 00:17:15,320 Speaker 1: So we looked at the asset prices, we looked at stocks, 362 00:17:15,359 --> 00:17:17,760 Speaker 1: and we looked at real estate. They're all in massive bubbles, right, 363 00:17:17,800 --> 00:17:21,240 Speaker 1: They're all at new highs homes even adjusted for inflation, 364 00:17:21,359 --> 00:17:24,240 Speaker 1: or at new all time highs. They must be overpriced. 365 00:17:24,280 --> 00:17:27,359 Speaker 1: They must be over expensive, especially considering where rates are 366 00:17:27,359 --> 00:17:29,679 Speaker 1: and all those things. Right. But then we looked at 367 00:17:29,680 --> 00:17:32,840 Speaker 1: the FED and how the FED eases and tightens. All right, now, 368 00:17:32,920 --> 00:17:35,000 Speaker 1: we're going to get to the real data. This is 369 00:17:35,000 --> 00:17:37,320 Speaker 1: what most people are missing. So let me explain now. 370 00:17:37,359 --> 00:17:38,919 Speaker 1: I do want to say just real quickly before I 371 00:17:39,119 --> 00:17:41,639 Speaker 1: break down the real data and when everybody's missing. I 372 00:17:41,680 --> 00:17:43,600 Speaker 1: am going to have a live event next week. I'd 373 00:17:43,640 --> 00:17:44,960 Speaker 1: love for you to come hang out. If you think 374 00:17:44,960 --> 00:17:47,000 Speaker 1: there's a lot of charts, I have even more, and 375 00:17:47,040 --> 00:17:49,439 Speaker 1: I'm going to show you where the only place to 376 00:17:49,520 --> 00:17:51,040 Speaker 1: invest in is. I'm going to give you probably the 377 00:17:51,119 --> 00:17:54,200 Speaker 1: top five or six ideas and picks that I'm looking 378 00:17:54,240 --> 00:17:55,880 Speaker 1: at right now, and we're going to do it live, 379 00:17:56,080 --> 00:17:58,119 Speaker 1: and I'm going to take all your questions live so 380 00:17:58,160 --> 00:18:00,320 Speaker 1: we can really get this figured out where you can 381 00:18:00,320 --> 00:18:01,800 Speaker 1: figure out how to implement this. If you'd love to 382 00:18:01,840 --> 00:18:03,240 Speaker 1: come in with me, and it's all free, there's a 383 00:18:03,280 --> 00:18:05,520 Speaker 1: link down below. I'd love to see you there if 384 00:18:05,560 --> 00:18:07,680 Speaker 1: you want to really learn this stuff and actually apply 385 00:18:07,680 --> 00:18:09,520 Speaker 1: it and make a lot of money over the next twelve, 386 00:18:09,720 --> 00:18:12,560 Speaker 1: you know, fifteen months coming out. It's free. Okay, So 387 00:18:12,840 --> 00:18:16,400 Speaker 1: now taking another look? All right? So now let's take 388 00:18:16,440 --> 00:18:18,119 Speaker 1: another look at the stocks. We'll look at the S 389 00:18:18,160 --> 00:18:20,480 Speaker 1: and P five hundred and the NASDAC and here's where 390 00:18:20,520 --> 00:18:23,320 Speaker 1: it gets really interesting. So I showed you that the 391 00:18:23,359 --> 00:18:25,520 Speaker 1: S and P five hundred is a new all time eyes. 392 00:18:26,400 --> 00:18:29,160 Speaker 1: Its surpassed the two thousand and eight high, the twenty 393 00:18:29,240 --> 00:18:35,560 Speaker 1: twenty high, and it's way above the trend line, right right. Okay, 394 00:18:35,880 --> 00:18:39,199 Speaker 1: so here's another chart. Now what we have here is 395 00:18:39,280 --> 00:18:40,840 Speaker 1: what I've done is I've taken the S and P 396 00:18:41,000 --> 00:18:44,720 Speaker 1: five hundred in a massive bubble, and I've now adjusted 397 00:18:44,760 --> 00:18:49,120 Speaker 1: it for the money supply growth. You see, every asset 398 00:18:49,520 --> 00:18:54,400 Speaker 1: has a nominator and a denominator. So a home priced 399 00:18:54,400 --> 00:19:01,200 Speaker 1: in US dollars, right, bitcoin priced in US dollars. So 400 00:19:01,240 --> 00:19:04,400 Speaker 1: what if it's not Bitcoin that's going up. What if 401 00:19:04,440 --> 00:19:08,600 Speaker 1: it's the denominator, the US dollars that are pushing it up. 402 00:19:08,800 --> 00:19:10,760 Speaker 1: That's the question I posed on the Twitter thread that 403 00:19:10,760 --> 00:19:13,080 Speaker 1: started this whole video idea. And let me show you 404 00:19:13,119 --> 00:19:15,919 Speaker 1: the proof of that now. So what we do is 405 00:19:15,960 --> 00:19:18,439 Speaker 1: we adjust it for the dominator. Again, I have the 406 00:19:18,480 --> 00:19:21,280 Speaker 1: S and P five hundred adjusted for the dominator, the 407 00:19:21,400 --> 00:19:24,320 Speaker 1: M two money supply, and what we can see is 408 00:19:24,400 --> 00:19:29,240 Speaker 1: that the S and P five hundred is down twenty 409 00:19:29,320 --> 00:19:33,520 Speaker 1: two percent when adjusted for the money supply since the 410 00:19:33,720 --> 00:19:36,639 Speaker 1: year two thousand. So it looks like it's in a 411 00:19:36,680 --> 00:19:40,080 Speaker 1: massive bubble, but again it's being pushed up. This is 412 00:19:40,119 --> 00:19:42,520 Speaker 1: why in your retirement account or four o'kay mutual fund, 413 00:19:42,640 --> 00:19:45,920 Speaker 1: you look on paper nominally like you're getting rich. However, 414 00:19:46,160 --> 00:19:49,080 Speaker 1: your standard living is going down because your dollars don't 415 00:19:49,119 --> 00:19:52,159 Speaker 1: buy as much stuff. They buy you twenty two percent 416 00:19:52,280 --> 00:19:55,120 Speaker 1: less stuff when measured this way. Another way we could 417 00:19:55,119 --> 00:19:56,800 Speaker 1: look at it is we'd look at the S and 418 00:19:56,840 --> 00:20:01,960 Speaker 1: P five hundred priced in gold the same exact period. 419 00:20:02,480 --> 00:20:06,400 Speaker 1: It's down sixty percent when priced in gold. So the 420 00:20:06,480 --> 00:20:08,760 Speaker 1: S and P five hundred is not in a bubble. 421 00:20:08,840 --> 00:20:11,320 Speaker 1: As a matter of fact. You can see it's been 422 00:20:11,480 --> 00:20:14,280 Speaker 1: almost completely flat right here. I mean it did have 423 00:20:14,320 --> 00:20:18,520 Speaker 1: a dip right here, but it's been almost completely sideways. 424 00:20:18,760 --> 00:20:20,960 Speaker 1: There's no bubble at all. As a matter of fact, 425 00:20:21,520 --> 00:20:24,639 Speaker 1: prices crashed and have never come back. Okay, that's the 426 00:20:24,680 --> 00:20:26,800 Speaker 1: S and P five hundred. Now the Nasdaq covers the 427 00:20:26,840 --> 00:20:29,240 Speaker 1: tech stocks. They've been much more explosive. So let's take 428 00:20:29,240 --> 00:20:31,119 Speaker 1: a look and see what's been going on there. What 429 00:20:31,240 --> 00:20:33,960 Speaker 1: we can see here is about the same thing. Now, 430 00:20:33,960 --> 00:20:37,200 Speaker 1: we did have this massive dot com boom and bust, 431 00:20:38,200 --> 00:20:41,520 Speaker 1: and since that time, we take the Nasdaq, we adjusted 432 00:20:41,600 --> 00:20:44,399 Speaker 1: for the into the money supply growth, and we can 433 00:20:44,440 --> 00:20:48,879 Speaker 1: see that the Nasdaq is also down twenty percent. Now 434 00:20:49,440 --> 00:20:51,320 Speaker 1: this period has been sort of flat. We have this 435 00:20:51,440 --> 00:20:55,600 Speaker 1: long prolonged period here. Now it is up. It is up, granted, 436 00:20:55,640 --> 00:20:58,280 Speaker 1: but it's still down twenty percent. It has not reached 437 00:20:58,320 --> 00:21:00,359 Speaker 1: its previous all time has not even really come close. 438 00:21:00,600 --> 00:21:02,040 Speaker 1: We can take a look at the same way. We 439 00:21:02,080 --> 00:21:04,919 Speaker 1: take the Nasdaq and we price it in gold, and 440 00:21:04,960 --> 00:21:07,199 Speaker 1: we can see about the same thing. In the same 441 00:21:07,359 --> 00:21:10,920 Speaker 1: time period, the Nasdaq is down sixty percent to goal 442 00:21:11,040 --> 00:21:14,840 Speaker 1: nowhere near all time highs nowhere, exceeding all time highs 443 00:21:15,000 --> 00:21:19,120 Speaker 1: and moving sideways in this whole sector right here, Let's 444 00:21:19,200 --> 00:21:21,439 Speaker 1: keep going. Let's go back to real estate. This is 445 00:21:21,440 --> 00:21:24,240 Speaker 1: the one that started all because as that guy Darth 446 00:21:24,400 --> 00:21:26,600 Speaker 1: what's his name, Darth Powell, I think it was told 447 00:21:26,600 --> 00:21:28,520 Speaker 1: me Mark, you just to understand real estate prices. So 448 00:21:28,520 --> 00:21:31,000 Speaker 1: if we take real estate prices, which again even when 449 00:21:31,040 --> 00:21:34,280 Speaker 1: adjusted foreignflation, look like they're higher than two thousand and eight, 450 00:21:34,520 --> 00:21:37,720 Speaker 1: But again they use the wrong number. They're using just 451 00:21:37,880 --> 00:21:41,240 Speaker 1: for inflation, as in CPI consumer price inflation, which is 452 00:21:41,280 --> 00:21:45,240 Speaker 1: a completely wrong, completely manipulated, completely fabricated but number by 453 00:21:45,280 --> 00:21:49,639 Speaker 1: the government. The real number is the rate of debasement. 454 00:21:49,760 --> 00:21:53,119 Speaker 1: It's the rate of the monetary based expansion. That's the 455 00:21:53,200 --> 00:21:56,000 Speaker 1: real number. It's your hurdle rate. Okay, So now I've 456 00:21:56,040 --> 00:22:01,840 Speaker 1: taken in this case, what do we have? Okay, So 457 00:22:01,880 --> 00:22:05,520 Speaker 1: in this case we have homes divided by the money 458 00:22:05,560 --> 00:22:09,520 Speaker 1: supply adjusted not for inflation, adjusted for the debasement. And 459 00:22:09,560 --> 00:22:12,119 Speaker 1: what we can see is a very similar thing from 460 00:22:12,200 --> 00:22:15,120 Speaker 1: the year two thousand. We can see that homes are 461 00:22:15,240 --> 00:22:22,160 Speaker 1: actually down forty seven percent, nowhere near bubble, nowhere near 462 00:22:22,280 --> 00:22:24,360 Speaker 1: back to an all time high. Like it shows when 463 00:22:24,359 --> 00:22:26,880 Speaker 1: you adjust for inflation, or when you don't adjust for inflation, 464 00:22:27,040 --> 00:22:29,480 Speaker 1: when you adjust it for the real inflation, which was 465 00:22:29,760 --> 00:22:32,520 Speaker 1: the definition of inflation, like previous nineteen fifty, when you 466 00:22:32,560 --> 00:22:35,680 Speaker 1: adjust it for the monetary based expansion, we're actually down 467 00:22:35,920 --> 00:22:39,400 Speaker 1: by forty seven percent. What about if we do homes 468 00:22:39,440 --> 00:22:42,359 Speaker 1: priced in gold, well, we see a very similar thing. 469 00:22:42,400 --> 00:22:44,720 Speaker 1: As a matter of fact, it's even worse. Homes are 470 00:22:45,080 --> 00:22:51,240 Speaker 1: down seventy percent. They have moved completely sideways. There's no bubble, 471 00:22:51,480 --> 00:22:55,080 Speaker 1: they have not gone up at all. It takes more 472 00:22:55,160 --> 00:22:59,359 Speaker 1: dollars to buy those homes today. You have to understand 473 00:22:59,359 --> 00:23:02,199 Speaker 1: this if you're ever going to make money, because that 474 00:23:02,400 --> 00:23:05,399 Speaker 1: is a completely different game. Now. What a lot of 475 00:23:05,400 --> 00:23:07,400 Speaker 1: people tell me then is mark. What you don't understand, though, 476 00:23:07,440 --> 00:23:10,400 Speaker 1: because that may be true, and that might be right, 477 00:23:10,600 --> 00:23:14,560 Speaker 1: but the price is still going up and it's unsustainable. 478 00:23:14,640 --> 00:23:18,160 Speaker 1: There's no way the government can maintain this level of debt. 479 00:23:18,480 --> 00:23:21,639 Speaker 1: There's no way that people can continue to pay those prices. 480 00:23:21,920 --> 00:23:24,960 Speaker 1: It's unsustainable, they say. I mean, haven't you seen that 481 00:23:25,119 --> 00:23:27,960 Speaker 1: interest payments on the debt have now exceeded the military mark. 482 00:23:28,400 --> 00:23:30,000 Speaker 1: Of course I have, I reported on all the time. 483 00:23:30,240 --> 00:23:33,120 Speaker 1: Now ding ding Ding is the first video we've done 484 00:23:33,200 --> 00:23:35,680 Speaker 1: where the national debt clock to the United States debt 485 00:23:35,720 --> 00:23:40,400 Speaker 1: clock has exceeded thirty five trillion dollars just a couple 486 00:23:40,480 --> 00:23:43,760 Speaker 1: days ago. I think, amazing number. Now to make it 487 00:23:43,760 --> 00:23:46,880 Speaker 1: even more amazing, and we've already added twelve billion under 488 00:23:46,920 --> 00:23:48,320 Speaker 1: the back of that. I mean, we were going up 489 00:23:48,320 --> 00:23:51,639 Speaker 1: at an astronomical rate, adding about a trillion about every 490 00:23:51,760 --> 00:23:54,560 Speaker 1: quarter at this point. As a matter of fact, the government, 491 00:23:55,240 --> 00:23:57,320 Speaker 1: the Treasury just put out the funding requirements, or I 492 00:23:57,320 --> 00:23:59,639 Speaker 1: should say, the debt borrowing requirements just for the rest 493 00:23:59,640 --> 00:24:01,520 Speaker 1: of the year, which is where, you know, not even 494 00:24:01,520 --> 00:24:03,159 Speaker 1: half the year left, and I think it was like 495 00:24:03,240 --> 00:24:07,439 Speaker 1: one point seven trillion they need to borrow just to 496 00:24:07,480 --> 00:24:08,960 Speaker 1: get through the rest of the year. We're going up 497 00:24:08,960 --> 00:24:11,800 Speaker 1: at an astronomical rate. So what we know is that 498 00:24:11,840 --> 00:24:15,240 Speaker 1: this is unsustainable. Suppose that's what people tell us. Now, 499 00:24:16,000 --> 00:24:20,280 Speaker 1: why why is it unsustainable? Let's just we'll come back 500 00:24:20,280 --> 00:24:21,960 Speaker 1: to that. But we know the Fed is going back 501 00:24:22,000 --> 00:24:26,040 Speaker 1: to easing. So there was a FED FOMC meeting that 502 00:24:26,119 --> 00:24:28,440 Speaker 1: just happened, and we can see that the fm WASC 503 00:24:28,600 --> 00:24:32,080 Speaker 1: does not change rates, but it sets the stage for 504 00:24:32,240 --> 00:24:34,960 Speaker 1: September cuts. So we know that President Biden said that 505 00:24:35,000 --> 00:24:36,840 Speaker 1: there would be in his words, there would be a 506 00:24:36,920 --> 00:24:39,920 Speaker 1: rate cut before the election, which is November. This says 507 00:24:40,080 --> 00:24:44,199 Speaker 1: for September. The Betting Markets CME, for example, shows that 508 00:24:44,200 --> 00:24:47,720 Speaker 1: there's about one hundred percent probability that rates cuts will 509 00:24:47,720 --> 00:24:50,240 Speaker 1: be there in September. And really the language that Jrome 510 00:24:50,320 --> 00:24:52,840 Speaker 1: Pal used set the stage for it. I won't go 511 00:24:52,880 --> 00:24:54,760 Speaker 1: into the details of it to keep this video short, 512 00:24:54,880 --> 00:24:57,760 Speaker 1: but basically, when you study what he says, he basically 513 00:24:57,800 --> 00:24:59,320 Speaker 1: set the stage for that to happen, which is why 514 00:24:59,320 --> 00:25:01,919 Speaker 1: markets are pricing one hundred percent, which means we go 515 00:25:02,040 --> 00:25:06,240 Speaker 1: back to easing, which means lower rates means more credit expansion, 516 00:25:06,320 --> 00:25:10,399 Speaker 1: means more monetary based expansion, It means more debt to 517 00:25:10,560 --> 00:25:14,359 Speaker 1: roll over. Now, why is that you might remember at 518 00:25:14,400 --> 00:25:17,879 Speaker 1: the last debt ceiling debate, every year we have to 519 00:25:17,880 --> 00:25:19,720 Speaker 1: haggle over will we raise the debt limit, and of 520 00:25:19,720 --> 00:25:22,520 Speaker 1: course we always do every year President Biden. This is 521 00:25:22,520 --> 00:25:25,560 Speaker 1: directly off the White House website remarks by President Biden 522 00:25:25,600 --> 00:25:27,680 Speaker 1: on the need to raise the debt ceiling. And here's 523 00:25:27,680 --> 00:25:30,960 Speaker 1: what he said. Raising the debt limit comes down to 524 00:25:31,280 --> 00:25:36,800 Speaker 1: pain what we already owe, what has already been acquired, 525 00:25:37,440 --> 00:25:41,560 Speaker 1: not anything new. Raising the debt limit comes down to 526 00:25:41,960 --> 00:25:44,679 Speaker 1: not get anything new, Like he said, like, look, we 527 00:25:44,720 --> 00:25:47,000 Speaker 1: need more debt. Give us more debt. Don't worry though, 528 00:25:47,000 --> 00:25:48,960 Speaker 1: We're not going to go buy new stuff with the debt. 529 00:25:49,000 --> 00:25:50,720 Speaker 1: You know, new stuff that would be productive that maybe 530 00:25:50,720 --> 00:25:51,919 Speaker 1: we make more money with. We're not going to buy 531 00:25:51,960 --> 00:25:55,760 Speaker 1: new stuff. We need new debt just to pay off 532 00:25:55,800 --> 00:25:59,640 Speaker 1: the old debt. So I said, it's literally the definition 533 00:25:59,680 --> 00:26:01,359 Speaker 1: of bunks. We need more debt to pay off the 534 00:26:01,359 --> 00:26:03,840 Speaker 1: old debt. And the reason why I make that point 535 00:26:03,920 --> 00:26:08,399 Speaker 1: is you have to understand that the debt never gets paid. 536 00:26:08,960 --> 00:26:11,360 Speaker 1: The debt only gets rolled over. And because debt is 537 00:26:11,359 --> 00:26:14,720 Speaker 1: issue or money grows through debt issuance. In order to 538 00:26:14,840 --> 00:26:18,119 Speaker 1: roll over the debt, we have to print more money 539 00:26:18,240 --> 00:26:20,760 Speaker 1: to roll over the success. So the debt doesn't get smaller, 540 00:26:20,920 --> 00:26:24,080 Speaker 1: it gets bigger every single time. But again, but people say, 541 00:26:24,080 --> 00:26:26,199 Speaker 1: but Mark, you don't understand this is unsustainable. I mean, 542 00:26:26,280 --> 00:26:27,760 Speaker 1: look at the rate of interests going up. I mean, 543 00:26:27,800 --> 00:26:30,879 Speaker 1: who who is going to continue People won't build buy debt, 544 00:26:31,040 --> 00:26:34,199 Speaker 1: and who's going to continue to buy the treasuries. No 545 00:26:34,240 --> 00:26:36,680 Speaker 1: one's going to buy them from the government. Right well, 546 00:26:36,680 --> 00:26:38,359 Speaker 1: the government can just buy their own. The Fed can 547 00:26:38,400 --> 00:26:40,760 Speaker 1: just buy the governments. We see this all the time. 548 00:26:40,960 --> 00:26:46,240 Speaker 1: There is no example in history currently right now, Lebanon, Turkey, Venezuela, Argentina, 549 00:26:46,720 --> 00:26:49,520 Speaker 1: you name it, right now today. Nor is there any 550 00:26:49,840 --> 00:26:53,680 Speaker 1: historical precedents of a government going well, boys, that was 551 00:26:53,680 --> 00:26:56,440 Speaker 1: a great run, pack it up, let's just go home. 552 00:26:57,160 --> 00:27:00,440 Speaker 1: Never never once, never, once in history, nor in current times, 553 00:27:00,480 --> 00:27:02,640 Speaker 1: have we ever seen that as long as there's ink 554 00:27:02,680 --> 00:27:05,639 Speaker 1: to put in the money printer, they will continue to print. 555 00:27:05,840 --> 00:27:08,360 Speaker 1: That's it. Period. As Biden said, we need to get 556 00:27:08,400 --> 00:27:10,720 Speaker 1: more debt to keep paying the old debt. That's it. 557 00:27:10,800 --> 00:27:13,919 Speaker 1: So when you think it's unsustainable, I mean, sure, eventually 558 00:27:14,119 --> 00:27:19,000 Speaker 1: eventually this ends, but not anytime soon, nine time, probably 559 00:27:19,040 --> 00:27:20,879 Speaker 1: not at least in the next decade. I mean, it's 560 00:27:20,920 --> 00:27:23,439 Speaker 1: gonna be sustainable for a long time. I would imagine 561 00:27:23,440 --> 00:27:25,199 Speaker 1: this number is going to get too well over one 562 00:27:25,280 --> 00:27:28,760 Speaker 1: hundred trillion before we see any big problem. So when 563 00:27:28,760 --> 00:27:32,120 Speaker 1: you see all those videos about this doom and gloom, 564 00:27:32,160 --> 00:27:35,159 Speaker 1: maybe eventually, yes, of course. Uh, but I'm gonna have 565 00:27:35,160 --> 00:27:37,200 Speaker 1: made a lot of money and retired before then. Okay, 566 00:27:37,320 --> 00:27:39,320 Speaker 1: let's get to what the real bubble is. As I 567 00:27:39,320 --> 00:27:41,800 Speaker 1: already said, the real bubble is in the denominator, not 568 00:27:41,880 --> 00:27:44,800 Speaker 1: the top number, right, It's not in bitcoin or nasdak RESMP. 569 00:27:44,960 --> 00:27:48,119 Speaker 1: It's in the bubble, the denominator of the dollars being printed. 570 00:27:48,400 --> 00:27:51,000 Speaker 1: But really, what the real bubble is we have to 571 00:27:51,040 --> 00:27:53,679 Speaker 1: think about like prices compared to what Well, when we 572 00:27:53,680 --> 00:27:58,399 Speaker 1: think about prices compared to pay that's the problem because 573 00:27:58,400 --> 00:28:00,680 Speaker 1: what we have is we have asked price is going 574 00:28:00,760 --> 00:28:03,560 Speaker 1: up like this while your payer wages are going up 575 00:28:03,600 --> 00:28:08,280 Speaker 1: like this, and so every year you fall further and 576 00:28:08,320 --> 00:28:10,400 Speaker 1: further behind. You can see it in this chart right here. 577 00:28:11,400 --> 00:28:15,200 Speaker 1: So this is growth of the stock market versus us 578 00:28:15,240 --> 00:28:18,880 Speaker 1: household income. So what we have here, unfortunately, this orange 579 00:28:18,880 --> 00:28:21,760 Speaker 1: line going back to two thousand and five This orange 580 00:28:21,760 --> 00:28:25,560 Speaker 1: line is your household income, and notice it's stayed basically flat. 581 00:28:25,600 --> 00:28:28,600 Speaker 1: The patient's on flatline. What we have here is the 582 00:28:28,720 --> 00:28:31,800 Speaker 1: S and P five hundred Right here, stocks are going 583 00:28:31,880 --> 00:28:34,840 Speaker 1: up faster, faster, faster, and now they're going up like this. 584 00:28:34,840 --> 00:28:37,159 Speaker 1: This is only twenty nineteen. And then we have the 585 00:28:37,240 --> 00:28:40,920 Speaker 1: NASDAC that's going up like this. So right here you 586 00:28:40,960 --> 00:28:42,840 Speaker 1: could buy the S and P five hundred NAS that 587 00:28:42,920 --> 00:28:45,720 Speaker 1: you buy cheap here, but you're getting further and further 588 00:28:46,080 --> 00:28:49,720 Speaker 1: and further and further behind. That's the real asset bubble, 589 00:28:49,760 --> 00:28:52,000 Speaker 1: which maybe goes back to the point where mark, who's 590 00:28:52,000 --> 00:28:54,680 Speaker 1: going to buy this stuff? Well, the richer still getting richer. 591 00:28:55,000 --> 00:28:56,720 Speaker 1: Why are the rich getting richer? And how do you 592 00:28:56,760 --> 00:29:00,400 Speaker 1: get richer with them? Well, before I answer that question, 593 00:29:00,520 --> 00:29:03,080 Speaker 1: let me just go back to this four year cycle 594 00:29:03,120 --> 00:29:06,840 Speaker 1: I teased out earlier. So remember the debt never gets paid. 595 00:29:07,120 --> 00:29:08,800 Speaker 1: The debt can't get paid. I have videos on this 596 00:29:08,800 --> 00:29:10,200 Speaker 1: will link to them down the show notes down below 597 00:29:10,240 --> 00:29:12,040 Speaker 1: if you want to go watch them to understand why 598 00:29:12,040 --> 00:29:13,600 Speaker 1: I can't get paid. So we have to get more 599 00:29:13,640 --> 00:29:16,320 Speaker 1: debt to roll over the new debt so it gets refinanced. 600 00:29:16,480 --> 00:29:18,360 Speaker 1: And as I showed you that chart earlier. These four 601 00:29:18,400 --> 00:29:21,960 Speaker 1: year cycles. Basically there's this metronome phenomenon. I have a 602 00:29:21,960 --> 00:29:23,760 Speaker 1: whole video on this breaking it down. I'm gonna link 603 00:29:23,760 --> 00:29:25,120 Speaker 1: to it down below if you want to go watch it. 604 00:29:25,480 --> 00:29:30,720 Speaker 1: And basically, the entire global debt solution the situation got 605 00:29:31,000 --> 00:29:33,800 Speaker 1: refinanced in two thousand and eight. You know, if you're 606 00:29:33,920 --> 00:29:36,120 Speaker 1: a mortgage company called you and say hey, we're gona 607 00:29:36,160 --> 00:29:38,920 Speaker 1: give zero mortgage, like you would refinance. So when rate 608 00:29:38,920 --> 00:29:40,320 Speaker 1: strup to zero in two thousand and eight, the whole 609 00:29:40,320 --> 00:29:42,400 Speaker 1: world refinanced at once. What we can see in this 610 00:29:42,520 --> 00:29:45,400 Speaker 1: chart is about seventy five percent of global debt is 611 00:29:45,400 --> 00:29:47,880 Speaker 1: within about a five year period, most of it in 612 00:29:47,920 --> 00:29:50,720 Speaker 1: about four years. And that four year period just happens 613 00:29:50,720 --> 00:29:53,520 Speaker 1: to align with an election year, which we're in right now, 614 00:29:53,720 --> 00:29:56,720 Speaker 1: and it also happens to align with a bitcoin having year, 615 00:29:56,960 --> 00:29:59,920 Speaker 1: which again we're in right now. That's the importance of 616 00:30:00,080 --> 00:30:02,640 Speaker 1: four year cycles. Now we can see this not just 617 00:30:02,680 --> 00:30:06,760 Speaker 1: with debt cycles, but here's a four year business cycle. 618 00:30:07,080 --> 00:30:10,200 Speaker 1: So businesses are on the same four year cycle, and 619 00:30:10,280 --> 00:30:13,960 Speaker 1: we can see the liquidity cycle of the world oscillates 620 00:30:14,080 --> 00:30:17,760 Speaker 1: on a four year cycle. It's important to understand that, 621 00:30:17,880 --> 00:30:20,880 Speaker 1: so you know when you should be investing, pressing, and 622 00:30:20,920 --> 00:30:24,080 Speaker 1: when you shouldn't. This is a chart of the global liquidity. 623 00:30:24,120 --> 00:30:25,880 Speaker 1: If you watch my channel regularly, you've seen me use 624 00:30:25,920 --> 00:30:28,920 Speaker 1: this before and again we can see that the amount 625 00:30:28,920 --> 00:30:31,560 Speaker 1: of money, the debt, the money supply went up for 626 00:30:31,640 --> 00:30:34,360 Speaker 1: four years, and it went down, went up for four years, 627 00:30:34,400 --> 00:30:37,280 Speaker 1: and it went down, went up for four years. Oops. 628 00:30:40,040 --> 00:30:44,440 Speaker 1: And remember that date October twenty twenty one they started 629 00:30:44,440 --> 00:30:45,760 Speaker 1: going back down when the Feds so that they're gonna 630 00:30:45,760 --> 00:30:48,760 Speaker 1: start tightening. And remember the other date, October twenty twenty two, 631 00:30:49,000 --> 00:30:52,239 Speaker 1: they started going back up again. Starting to see the 632 00:30:52,240 --> 00:30:54,600 Speaker 1: pattern here. Okay, so now that you know all this, 633 00:30:55,040 --> 00:30:57,360 Speaker 1: what do you do about it? How do you protect yourself? 634 00:30:57,360 --> 00:30:58,560 Speaker 1: More important, how do you get ahead and make a 635 00:30:58,560 --> 00:31:01,200 Speaker 1: lot of money during this? Well a couple of number one, 636 00:31:01,520 --> 00:31:04,520 Speaker 1: As I showed you, wages are going like this while 637 00:31:04,560 --> 00:31:07,680 Speaker 1: asset prices are going like this. That's not good. So 638 00:31:07,720 --> 00:31:09,760 Speaker 1: the first thing is the rich are able to get 639 00:31:09,840 --> 00:31:13,200 Speaker 1: richer because they control their income. So hopefully you're a 640 00:31:13,200 --> 00:31:14,960 Speaker 1: business owner. If you're not a business owner, you probably 641 00:31:14,960 --> 00:31:16,480 Speaker 1: should be because you need to be able to control 642 00:31:16,520 --> 00:31:19,560 Speaker 1: your income as this goes up. The second thing is 643 00:31:19,760 --> 00:31:22,400 Speaker 1: you need to buy assets. Remember, asset prices are going 644 00:31:22,440 --> 00:31:24,120 Speaker 1: like this, your wages are going like this. So if 645 00:31:24,160 --> 00:31:26,760 Speaker 1: all you do is depend on your assets or your wages, 646 00:31:27,040 --> 00:31:28,920 Speaker 1: you're never going to make it. You need to get 647 00:31:28,960 --> 00:31:31,760 Speaker 1: onto this track. This is the track you want to 648 00:31:31,800 --> 00:31:33,240 Speaker 1: be on, not on this track. So you have to 649 00:31:33,280 --> 00:31:36,640 Speaker 1: start buying assets. The next question is, well what assets 650 00:31:36,640 --> 00:31:39,720 Speaker 1: should I buy? Well, I already showed you that houses, 651 00:31:40,520 --> 00:31:44,520 Speaker 1: the S and P five hundred are actually down when 652 00:31:44,520 --> 00:31:46,840 Speaker 1: you adjust them for the monetary supply, which means they're 653 00:31:46,880 --> 00:31:49,280 Speaker 1: not really that good of investments. Now, the reason why 654 00:31:49,360 --> 00:31:51,400 Speaker 1: real estate is a good investment is because of the Well, 655 00:31:51,440 --> 00:31:54,440 Speaker 1: there's four reasons why the leverage. The loan is one 656 00:31:54,480 --> 00:31:56,080 Speaker 1: of them. If you can put ten percent down, right, 657 00:31:56,160 --> 00:31:57,240 Speaker 1: I'm not gonna go to the other ones. If you 658 00:31:57,240 --> 00:31:58,760 Speaker 1: want a whole video on why real estate is a 659 00:31:58,800 --> 00:32:01,160 Speaker 1: better investment than most people realize, leave me a comment. 660 00:32:01,160 --> 00:32:03,200 Speaker 1: I can do a whole video on that. So which 661 00:32:03,240 --> 00:32:07,000 Speaker 1: assets should you buy? Well, we know that back to 662 00:32:07,040 --> 00:32:08,360 Speaker 1: the S and P five hundred, and we ad just 663 00:32:08,440 --> 00:32:10,320 Speaker 1: for the money supply, it's not really up. We can 664 00:32:10,320 --> 00:32:12,720 Speaker 1: look at it another way. So here we have the 665 00:32:12,760 --> 00:32:17,040 Speaker 1: black line. I'm sorry. The gold line is the global equity. 666 00:32:17,080 --> 00:32:19,960 Speaker 1: You're basically the money monetary based expansion. The black line 667 00:32:20,000 --> 00:32:21,640 Speaker 1: is the S and P five hundred, and you can 668 00:32:21,680 --> 00:32:25,560 Speaker 1: see that they move in almost perfect lockstep. And so 669 00:32:25,600 --> 00:32:28,680 Speaker 1: that means the SMPO five hundred is just going up 670 00:32:28,720 --> 00:32:31,960 Speaker 1: with the rate of monetary expansion, which is okay, you're 671 00:32:32,000 --> 00:32:34,880 Speaker 1: keeping your head above water. You're not losing money, but 672 00:32:34,920 --> 00:32:37,440 Speaker 1: you're not getting ahead. But we can look at this 673 00:32:37,520 --> 00:32:40,120 Speaker 1: chart right here, and this is now gold and bitcoin, 674 00:32:40,400 --> 00:32:43,360 Speaker 1: and we can see that for every time the monetary 675 00:32:43,400 --> 00:32:46,560 Speaker 1: base goes up by ten percent, gold goes up by 676 00:32:46,880 --> 00:32:54,520 Speaker 1: fourteen percent, and bitcoin goes up by ninety percent, it's 677 00:32:54,520 --> 00:32:57,080 Speaker 1: is sense to be ratio eight point nine. Okay, So 678 00:32:57,400 --> 00:32:59,040 Speaker 1: these are the types of assets that we want to buy, 679 00:32:59,080 --> 00:33:02,360 Speaker 1: the ones that are more sensitive to liquidity. Now bitcoin 680 00:33:02,480 --> 00:33:05,720 Speaker 1: is moving up nine times for every one time that 681 00:33:05,800 --> 00:33:08,840 Speaker 1: the liquidity moves up. But then there's bitcoin derivatives that 682 00:33:08,880 --> 00:33:11,600 Speaker 1: are moving up even faster. It used to be cryptocurrencies, 683 00:33:11,640 --> 00:33:14,680 Speaker 1: but now cryptocurrencies are dead, and now there's new bitcoin 684 00:33:14,720 --> 00:33:18,240 Speaker 1: derivatives that are going up two three, four hundred percent 685 00:33:18,520 --> 00:33:21,840 Speaker 1: more than bitcoin itself. So watch out for those. I 686 00:33:21,880 --> 00:33:23,600 Speaker 1: did a whole video on that. I'm gonna link those 687 00:33:23,640 --> 00:33:26,200 Speaker 1: down below, so I'm not gonna go into that right now. 688 00:33:26,240 --> 00:33:27,720 Speaker 1: And if you'd like to come hang out with me 689 00:33:27,840 --> 00:33:30,760 Speaker 1: next week live, I'll break this down for you, and 690 00:33:30,800 --> 00:33:33,360 Speaker 1: I'm gonna show you the top five positions that I'm 691 00:33:33,480 --> 00:33:36,320 Speaker 1: paying attention to and putting on my by list right now, 692 00:33:36,440 --> 00:33:37,840 Speaker 1: and you might want to as well. I'm gonna give 693 00:33:37,840 --> 00:33:39,920 Speaker 1: those two so coming out, it's all for free. I'll 694 00:33:39,920 --> 00:33:41,320 Speaker 1: show you the charts to give the names, and you 695 00:33:41,320 --> 00:33:43,520 Speaker 1: can ask me all the questions you want. And if not, 696 00:33:43,640 --> 00:33:46,280 Speaker 1: no worries, check out the other videos that help you 697 00:33:46,480 --> 00:33:50,440 Speaker 1: understand this. And I'm gonna put this one investing black Hole. 698 00:33:50,600 --> 00:33:53,280 Speaker 1: Watch this video right here now. If you like this video, 699 00:33:53,320 --> 00:33:54,600 Speaker 1: give me thumbs up. If you don't, you can give 700 00:33:54,640 --> 00:33:56,440 Speaker 1: me a thumbs down, that's okay, but at least tell 701 00:33:56,480 --> 00:33:58,440 Speaker 1: me why in the comments down below so I can 702 00:33:58,480 --> 00:34:00,600 Speaker 1: make better videos for you. All right, subscribe if you're 703 00:34:00,600 --> 00:34:03,120 Speaker 1: over subscribed, and that's what I got to your success. 704 00:34:03,920 --> 00:34:04,320 Speaker 1: I'm out