All Hell Breaks Loose this December (Worse than 2008 says Economist)

[@scottenser464]

All you have to ask is why Buffet is selling billions of shares

[@NB-lh9pj]

You can see a bunch of stocks blowing through 2020 and 2008 manipulation. The cracks are getting louder.

[@dmaster717]

but he still has a lot of shares

[@Dpartsch3]

I just read that he had billions in silver.

[@SafeEffective-ls2pl]

@dmaster717 he's not going to sell everything, but he's holding more cash than ever before

[@WhoisJohnGalt402]

Read his book snowball, and then you will understand ! And it's not the end of the world like some want us to believe !

[@dynjarren5454]

The leadership in this country has ZERO of my respect. We should collectively stop paying taxes. I hate them

[@daishan1234]

our leadership shows no loyalty or regard for normal citizens -- they should expect and be given the same in return. instead, they're pushing us to the brink of war with several countries all at once -- iran, russia, china, north korea. Who do they expect to sign up to go fight those wars? I don't support sending another nickel overseas.

[@earthlingcarnivore605]

You don't really know who is the real leadership

[@codystone5931]

Taxation is theft when we have no representation. When did I approve billions to Ukraine???

[@rickreese5794]

@@codystone5931 💯👍😎👌😁

[@Snappypantsdance]

I have. Who else has?

[@Y3227jl]

Good stuff. I, however, believe that the coming downturn will be worse than 1929 for the following reasons: debt is off the charts, including government, corporate, and private; we have offshored our manufacturing to line the pockets of Wall Street, equities are overvalued by 50-60%, the dollar is under attack from the BRICS and this is quite serious; other countries are running away from the dollar; the population has been dumbed down and has no idea what is developing; politicians are voting to take away our Constitutional rights every day.

[@Lady_Bug8404]

💯

[@Finchlvr]

Spot on

[@gogirl8045]

You are 100% Correct!!

[@synchronicity458]

The population being dumbed down is the scariest part. Money comes and goes, but rights are never given back after they’ve been forfeited.

[@perc-ai]

our models are predicting the dollar will crash by around 60%

[@jabezireal1085]

FED,CIA, NSA,Gov, property Tax, No retirement should be Tax,No Social security check should be taxed If you continue to work After Full retirement age, If you are 70 years Old and work, The government should not Be Taxing you.

[@rathelmmc3194]

They have no choice. They’re overspending and we already shove too many resources up to the elderly at the expense of the young. As demographics continue to deteriorate it’s just going to get worse.

[@reneeimage3879]

@@rathelmmc3194 of course they have a choice! 🤓 Stop social security taxes that is coming out of everyone’s paychecks and then stop social security altogether, seniors paid into this system and now they should be dogged? This country is not built like the 3rd world we are not tribal we don’t have 3 generation living in the same household because of economy . We live independently that’s how we become responsible for our own expenses and that’s how US has advanced so much in a short time compared to other countries! If you dig into our immigration system you will see how our money is spent on foreign seniors who collect social security not being a citizen and how they collect all kinds of benefits! I’m a naturalized citizen from decades ago myself very familiar with our social services& immigration laws. I can not believe how much money is given to seniors of foreign countries who claim they have nothing meanwhile they might have few houses in their country of origin. We must reform our institutions so we have more money to spend on our own citizens rather than cutting Social Security , by the way that is just a drop in the ocean there are so many ways we are taken advantage of and no one wants to admit it! Only taking the easy way out! Cut benefits to vulnerable citizens! That’s not a solution that’s just pure evil!

[@aquaman963]

I could not agree more with you! We know why, unfortunately, even if we could legislate top earning people to pay a fair share they would just raise the prices we pay them to buy all the useless Chinese plastic we buy. I don’t see a way not to have the disenfranchised pay the bulk, hence our retirement is taxed.

[@deadmanrunning6670]

I believe the rule is once you reach your normal retirement age, you can continue to work with no penalty on your Social Security payments and if you work past 70 1/2 or 72 7/2, i forgot which it is, there is no RMD unless you are a 5% shareholder in the employer. Also, what most people don't know is that in the year you reach normal retirement age, you can draw Soc Sec as of the beginning of the year and you are allowed to make around $50,000 before your Soc Sec is affected. Of course by starting to collect earlier there is a slight reduction in your monthly benefit, but is advantageous to do this because in many cases the months of early benefits are equal to 15 or more years of collecting the full benefit. Finally, if anyone is waiting to start collecting because the will receive a higher benefit, the higher payment from age 70 over your life expectancy is equal to your lower payment from age 65 over your life expectancy. The government is gambling that you will not long enough to really achieve any benefit from waiting. I have an issue with including up to 85% in the computation of taxable income. In other parts of the code only the employer portion of the benefit is subject to taxation - life insurance, disability insurance, basically any employee benefit paid by the employer is taxable. In the case of Soc Sec, the employee pays half of the contribution so I would think only have the payment would be includable.

[@Vadim21989]

That's unfair to younger generations, not only we are the ones taking care of the elderly, but we are also stuck ultimately with the mess of the national debt in the future.

[@JungunIRL]

Also, if you make under 30k you should have no taxes taken out of your paycheck. If you work overtime, it should be tax free. End property tax on your residence. But raise property taxes on non-primary residences and multi-residential.

[@dash1bravo24]

I like it. I'm not sure on the 30,000 income remark. Sales tax would have to come up. Which is fine with me. It's a voluntary tax, thus a fair(er) tax.

[@amandao9869]

Agreed

[@coastalturn]

After 40 hours should be tax free and we shouldn’t be taxed on the first $50k, people need a decent place to live, healthy food in the fridge and decent transportation. $50k/year hardly stretches that far for basic necessities, congress knows this because they’re paying themselves over $100k/year

[@benfox383]

Then how do you plan on paying back that ever growing national debt? lol your taxes are only ever gunna go up

[@scott4036]

You should not be taxed on income if you make less than 80k. Was taking to an older gentleman that mentioned that his wage in the 70’s was not taxed at all and it would be equivalent to someone making 90k in today’s dollars. The threshold for low income has not adjusted for inflation and is way harder to get ahead today working a normal job.

[@melaniesimms7320]

I work as a life coach/intuitive advisor and I talk to people EVERY SINGLE DAY who are losing jobs asking when a new one will be found or when they can get out of their current job because of pending layoffs or miserable experiences in the work environment. Its been getting worse. These govt numbers are cooked.. nothing more.

[@nickwojtow6787]

So you basically do nothing and your job provides absolutely no value in the grand scheme of the economy. Here’s my life coach advice to young Americans…..learn a trade, f$&@ college and have a plan B that involves moving to a less expensive country with a prosperous future and learn the language. Now pay me $100k a year! 🙄

[@arethereanyuniquehandles]

@@nickwojtow6787 Considering so many people aren't learning basic survival type skills, having a life coach replaces some of these missing skills, which should have been taught via parents. So, life coaches are providing a value.

[@LiddieJane]

Wrong question. They need to be willing to move elsewhere. Learn new skills. Quit considering their kids sports over income. Make sacrifices if necessary and don't complain too much. You need work, then find a sector you can adapt to and go after it.

[@MikeBlatt-z9z]

Of course they are cooked. Look at the revisions they keep quietly leak out, late on a, Friday night. Oh, it's an election year, too!

[@Abdul-nt9uk]

Me right now. Getting laid off in Q1. Thankfully I have 7 months of severance but hoping that would be enough. Many of my friends are not as fortunate.

[@reneeimage3879]

Finally a economist who is genuine and tell it like it is! Thank you 🙏

[@delife_bkk]

Absolutely, because of no solution for BIG problems, never ever, while new PROBLEMS and more 4legs have been creating. Do you see ALL4legs, no repentence? I got this feeling since 1998 IMF+SOROS crisis and criminals + 4legs GOOD and growing, flying free everywhere. Then COVID crisis, criminals and our MONEY are free and gone more, what's your expectation from the CENTERS?

[@themarkandmelteam]

The problem is that even if they cut rates to try and save everything and everyone, they have done NOTHING about the big corps and investment companies that can dive in again and buy 1 in every 4 homes, which will again cause inflation and less homes for the average home buyers. What is being done to stop this from happening before they lower interest rates?

[@rathelmmc3194]

That won’t work. Housing is too expensive to buy to even rent out anymore. You can make more buying US Treasuries than buying real estate right now and renting it.

[@kirkpalmer1709]

That's the plan, but they will buy more than 1 in 4. You will own nothing and be happy...

[@6speed818]

Yeah but there plan is to own everything

[@delife_bkk]

Absolutely, because of no solution for BIG problems, never ever, while new PROBLEMS and more 4legs have been creating. Do you see ALL4legs, no repentence? I got this feeling since 1998 IMF+SOROS crisis and criminals + 4legs GOOD and growing, flying free everywhere. Then COVID crisis, criminals and our MONEY are free and gone more, what's your expectation from the CENTERS?

[@delife_bkk]

Corruption became more complicated by 4legs GAMES. Criminals are transparent by RULES like red DOT, having the right to control our MONEY and MAN for 4legs in my country. Since all westerners never repent that criminal SOROS plus hacked and destroyed our MONEY

[@joanie7050]

Henrik is brilliant! Please bring him back in a month or two! One of the most insightful genuine guests you've had thank you!

[@ALF-wh6in]

Famous six words of the corrupt business media. (Who could have seen this coming)

[@peterwilson9327]

"This time is different."

[@HouseRavensong]

My fave is "This has never happened before". Mercifully, the media has lost interest in the word 'unprecedented'. LOL

[@grimaffiliations3671]

literally the entire economist world was sure we'd get a recession last year. Not getting a crash of some kid would have people wondering who could've seen it coming

[@arethereanyuniquehandles]

@@grimaffiliations3671Governments are spending huge sums and running budget deficits, that this is deferring impact. Normally, if things are good, governments are running near balanced budgets. US at a $2 trillion deficit is keeping the wheels greased. Of course, this fuels inflation too, which remains stubbornly high at near 3%.

[@grimaffiliations3671]

@@arethereanyuniquehandles If you need the government to run balanced budgets for your doom predictions about the economy to come to pass then they're pretty worthless. The government almost always runs deficits, and it's not a unique insight to say we'll enter a recession when the government starts starving the private sector by running balanced budgets. And it clearly hasn't been fuelling inflaiton since inflation has come down a long way while they continue to run deficits. It's actually way below 2% if you include real time rent data instead of the lagging data they use to calculate cpi

[@nathanielcarreon5634]

Even the blind could see this coming

[@Useless_Knowledge07]

Cognitive Dissonance

[@apophisxo4480]

Usually a great sign that it won’t happen (at least not yet). The Fed is frightened of deflation, so they will fight that with everything they’ve got. The most likely scenario is more QE and more inflation. They can always bring interest rates back down to zero and start handing out cash, just like they’ve done before. Why would they stop now? Think about it. Eventually the game will end badly but we’re not there yet. Crypto will decline in a deflationary environment so that’s not tfe answer. Precious metals will only work with more inflation. What will most likely happen is more liquidity going to business as opposed to just handing checks to people. You could actually see asset prices skyrocket from here as the average person without assets grow poorer than ever before. If real estate crashed so do the banks….and martial law will follow. It won’t happen, and when this trick no longer works, we’ll all have bigger problems, just struggling to feed ourselves.

[@apophisxo4480]

A really good sign that it won’t happen. I see more printing and more inflation. Deflation means the end of the union. They would much rather inflate away their debt. Asset prices will skyrocket as the value of the dollar plummets. If we had deflation both crypto and gold would suffer, and the banks would fail. They will fight that with everything they have, as we have already seen. They would rather just print another few trillion. This time instead of giving cash to banks like in 2008, or checks to people like after Covid, they will focus on businesses. This is good for asset prices.

[@apophisxo4480]

A good sign that it won’t happen. Look for more printing and higher asset prices. Deflation is deadly for the nation and even the world. It won’t happen (not yet anyway). As the reserve currency money printing would actually work, but the politicians keep spending and cutting taxes. If they actually decided to spend less we might have a shot. But it’s not just their fault, we all love to be lied too. We all want less taxes and more things for free! That’s what’s unsustainable…our standard of living. As usual the rich (with assets) will get richer and the poor will get poorer. If you have no assets then yes YOU might be heading for a depression, but everyone else will be trying to inflate away their debt. These guys don’t get it. There are no more recessions. The next depression will be worse than 1929 and will lead to the end on the union and possibly WW3. We’ll all have bigger problems as democracy and the free world disappear. Those days are over…. They won’t allow deep recession anymore. We’re printing until we can no longer get away with it from now on. You will see a melt up in asset prices continue. China and Japan (and Americans) hold most of our debt. What do you think will happen if we printed another $40 trillion? Inflation? War? In the past countries would go to war, not this time. The only result will be more inflation, higher prices, and higher asset values. That’s the direction we’re going in, except it will happen slowly.

[@Useless_Knowledge07]

@@apophisxo4480 ? We are having wars and people are dieing. ? They won't call it a depression or recession, but that doesn't mean it isn't presently happening at different levels; not only through out the country, but throughout a lot of countries? When the US changed their stance and changed /allowed for propaganda more, they also changed the definitions of words and the laws regulating speech and news? They also changed the parameters used for the formulas that were previously used in order to back up what was inflation, a depression? Most can see the amount of job losses, homelessness, foodlines, food cards, price rise, while the package is bigger with less in it as well as ingredients changed to cheaper additives/ingredients? They also started a sych campaign, when you tell a lie long enough it becomes the truth? All I mention and that you mention is playing out simultaneously leading to cognitive dissonance (which has people questioning their beliefs and reasoning) sometimes leading to burying their heads in the sand, or even worse, just keep doing the usual, while hoping things will get better instead of prepping, praying and preparing for the worst, hopeing for the best?

[@Dreblueskies]

8 out of ten people I know or meet listen to NO information and just go based off their “feelings” or what they want to happen. It is nuts how many are uninformed.

[@grimaffiliations3671]

and funnily enough they've all made fortunes during this past bull market, people listening to channels like this missed out big expecting a crash

[@jameshowell450]

@@Dreblueskies safe and effective

[@AnthonyShaw-ty9pi]

Most of the people I know, don't have a clue as to what is going on. They only listen to CNN, and MSNBC. What ever they tell them, is what they believe..... Absolutely ridiculous.....🤔

[@Dreblueskies]

@@grimaffiliations3671 Oh ok all is well 😁

[@Dreblueskies]

@@jameshowell450 For sure 🤣

[@florencehendrick4781]

There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.

[@702prodigy]

“you will own nothing and be happy” WEF

[@JenniferJohnson-v2w]

Inflation has wrecked the average consumer. We do pretty well financially, but have completely shut down excess spending and are focusing on paying off debt and putting money away because of what we see coming around the next corner. I hope others are making the same preparations. We buy the bare minimum at the grocery store and exclusively shop at wholesale stores to save money. For other stuff, we try to borrow/get it used/go without. When I find a sale/clearance/good deal on stuff we use everyday, I stock up. That rainy day pantry has saved us on several occasions over the years. When COVID hit and the shutdowns & shortages came I went from looking like a paranoid person to the smartest lady in town who had enough to help her neighbors too. We were ready! I hope you all are too. Because, once again, we have troubled waters ahead.

[@amyhudson1016]

Excess spending when you have debt is dumb. Those who don’t have debt l go out and spend in these environments because we get whatever we want much cheaper and we can pay cash. You could think of this as it’s happening for you and not to you - lesson learned.

[@BradMitchellBrokerAssociate]

so what your saying is that inflation has made you more fiscally responsible. Sounds like a good thing in the long run.

[@beautiful4days]

Can't save money that you don't have. All money goes to bills and food.

[@Cashflooders]

Very true

[@6speed818]

Find a cheaper place to live?

[@karnubawax]

The best investment you can make is getting out of debt.

[@betsyogle8224]

freeloader

[@victorialarkin5802]

@@6speed818 Ha

[@chaddobson7056]

The big 3 laying off around 100,000 workers and let that trickle down to all the companies making their parts is more jobs. It’s coming!

[@wisdoma4860]

Cool, find another job or get another GIG,, Stop depending on GOV or BIG$$ Alot of Americans out here making it happen.

[@gregorylyon1004]

That's me. Layoff coming by the end of the year.

[@kirkpalmer1709]

@@wisdoma4860 I'll bet your view will change if YOU get laid off LOL. Especially when you can't find any meaningful employment afterwards.

[@wisdoma4860]

@@kirkpalmer1709 This is information AGE, Many opportunities Every where Go looking, stop staying in Doubt and FEAR..God bless.

[@rioriggs3568]

100% of the data is pointing to a recession in December.

[@bartroberts3634]

Bill Gates just said,"take your vaccines and everything will be just fine." And there he goes again laughing like a little girl.

[@NWLegacyChannel]

And because you americans are so spineless and cowardly you sill do nothing about it 😂

[@JerryMarshall-m8f]

It took us 30 years to build a global supply chain. It took us 2 years to nearly destroy it. We are moving to a regional supply chain and I believe in the same aspect we are moving to a regional economy.

[@handyrams4822]

The only thing that was worse than 2008 was 1929. So, if it's worse than 2008 it will be like 1929.

[@vallmak]

No. The unemployment rate reached 10% during the GFC and 25% during the Great Depression. So there are a whole range of possibilities between the two.

[@Gamesso1slOo0l]

@@vallmak wrong, two different metric used, if we used the same metrics used in calculating unemployment back in history, even right now unemployment is high teens. in 08 it would of been high twenties

[@slendy3864]

Unemployment rates are just going to continue to grow with the robotics n Ai boom. This crash will be the end of life as we know it. We are headed for a complete breakdown (look back at history it's a 250 year cycle in the western world and times up.) Revolution and war breaks out when marriage average hits 28 throughout history as well. We are at 29 now. We have an age crisis too with the boomers aging out the younger generations have opted out of parenthood. There is so many biological and economical pressures that a complete breakdown almost becomes inevitable

[@grimaffiliations3671]

@@Gamesso1slOo0l source?

[@rathelmmc3194]

@@grimaffiliations3671if I recall correctly the unemployment used to be calculated as we calculate the U6 today. However the talked about unemployment rate of today, I believe, is the U3.

[@charlier5225]

How do Americans save if a failing bank can steal your deposit as a buy in

[@gregmatthew5704]

We need to be unburdened by what has been.

[@dlady4]

[@kittysass4755]

@@dlady4exactly! What a great comment!! 😂😂😂

[@kristenyankowy268]

😆😂🤣 word salad champion, ole commie harris

[@judymcdowe-webb9776]

😂😂

[@leainokuchi9650]

BWAHAHAHAHAHAHA. Maybe a vin diagram would help?! BWAHAHAHAHAHAHA

[@joshuaberry1329]

I'm barely getting enough work to pay my truck and house payment. With prices so high no one is signing contracts for work. I'm this close to just letting my truck go back to the bank and defaulting on my credit cards. I don't know what else to do if things don't turn around. I ask my wife to get a job just to help out and she doesn't make the effort. I don't know what to do. It's not from a lack of effort. I'm still paying the bills but one bad month which could even be this month and I'm screwed.

[@khanhcao3123]

Your fault for marrying a parasite.

[@shayscott7498]

2 income is a must these days. Find a way to motivate her!

[@kjkj4725]

@@joshuaberry1329 if you have kids then you will need share chores and childcare if she is going to job. Can’t have both.

[@NWLegacyChannel]

You need to pull yourself up by your bootstraps! Stop buying starbucks everyday. Youre not working hard enough. Get a second job. Walk into a store and hand them your resume. A firm handshake is all you need to get a job!!

[@duke857]

Get divorced. She gets half of everything including the debt. She doesn’t sound like she is in it for the both of you just in it for herself. You guys are drowning but only one is swimming. Drop the dead weight and get to shore.

[@ardenbowman4489]

THIS ENDLESS MONEY TO FOREIGHN COUNTRYS AND DEFENSE BUDGET AND HANDOUTS HAS KILLED ANERICA

[@fatma3238]

Billions of dollars to Israel every year for over 70 years and counting

[@delife_bkk]

Absolutely, because of no solution for BIG problems, never ever, while new PROBLEMS and more 4legs have been creating. Do you see ALL4legs, no repentence? I got this feeling since 1998 IMF+SOROS crisis and criminals + 4legs GOOD and growing, flying free everywhere. Then COVID crisis, criminals and our MONEY are free and gone more, what's your expectation from the CENTERS?

[@karnubawax]

It certainly hasn't helped.

[@gogirl8045]

​@justadude-w5fthats Not true... Devious Democrats have been giving $$ BILLIONS away (& getting kickbacks) You know they're Not getting rich on their Govt salaries!

[@BrianMeegan-k3e]

Wait until Trump institutes his tax cuts for the wealthiest. Read Project 2025 !

[@Leonnie13]

I’m feeling really grateful that I was not successful in buying a house over the past two years.

[@loveline7305]

Be patient

[@betsyogle8224]

loser waiting on something that isn't going to happen. continue to live with your momma

[@benjackson8103]

@@Leonnie13 why? They have appreciated 30% in 3 years. Don’t see any reason for them to go down. This is a new plateau. The crazy gains we’ve seen since 2020 are over with but they will keep rising a few percent each year.

[@DoubleOhSilver]

​@@benjackson8103 how? Record low contact starts because nobody can afford at this price point. Inventory everywhere is increasing, no plateau there. Property takes money to maintain, so they will eventually be cash flow negative. So how will that happen?

[@Leonnie13]

@@benjackson8103 who is going to afford the houses? Who will be your buyers? It can’t keep going up. Unless of course you are fine with corporations owning everything.

[@jjwatt5126]

This next crash WILL be worse than 1929. We have a tech, credit and real estate bubble all in 1. What people should be concerned about is the government’s response, QE like we have never seen before

[@ThomasDrish]

As many have pointed out, it’s all by design. It’s a shame to watch everything Americans have worked so hard for unravel before their eyes.

[@ForgottenKnight1]

Money printer will not save them this time. It's game over.

[@vallmak]

No. We learned a lot from the Great Depression. That's why 2008 wasn't as bad. We also learned a lot from 2008. We will know how to respond so that it won't be as bad.

[@Gamesso1slOo0l]

cant print, they have no tools left. Correction is coming and needed

[@Gamesso1slOo0l]

@@vallmak we learned nothing and fixed nothing in 08, thats why we are here. We are at the end game of empire, it all collapses.

[@jonmariegarlan9170]

I've been saying this for at least a year, and I'm no economist. It's a no brainer.

[@bubbasanches4591]

Explain why the stock market is all time highs? Things aren't as bad as you think.. theyre bad for people who don't work hard and those people are LOUD. They complain online and bots add to the fuel in order to make you vote a certain way. Also, fear gets clicks, so fear is everywhere now because clicks are gamified.

[@christopherstimpson6540]

In 1929 the dollar was backed by gold. We don't have that now.

[@christopherf3918]

People couldn’t get there cash out of the bank People were selling there bank books for 25% to 50% of the value in there accounts. Just to feed themselves and pay for electricity. It was before FDIC insurance.

[@Resmith18SR]

@@christopherstimpson6540 And thankfully never will.

[@gregorylyon1004]

Money has been backed by thin air ever since 1972

[@kirkpalmer1709]

@@Resmith18SR You must be a central banker...or a politician.

[@Resmith18SR]

@@kirkpalmer1709 And you're delusional.

[@kayak9078]

This guy is spot on. You don’t have to have a doctorate in economics to see and feel that we’re in a fast grind downward.

[@grimaffiliations3671]

this guy said we'd get his big crash in april-may of this year lol

[@GrandSolarEclipse]

​​@@grimaffiliations3671 if the massive layoffs, foreclosures and closures don't qualify as a crash I don't know what a crash is. ..

[@grimaffiliations3671]

@@GrandSolarEclipse haha you definitely don't know what one is if you think we've had one

[@freeasabird286]

He actually said it multiple times in the last two years. One day he will be right and then will say: i told you so.

[@aprilgentile5438]

@@freeasabird286 if the Fed keeps bailing out the economy by QE they keep stemming it off. Eventually, it has to get to the point where no matter what they do, it’s not going to work.

[@swedish_sadhguru3854]

God I hope so, unemployment is exploding in Sweden now. House prices still high, I need a BIG crash so I can afford it in the future.

[@SachsRealty]

Thanks for tuning in from Sweden 🙏

[@GEN_X_]

5 Years working remotely and counting. Company is never going back to the office!

[@roadtested9009]

Not only did manufacturing leave the US, they also left the social costs of unemployment and under employment on the backs of the taxpayer.

[@Chickensk-y4s]

Govt spending needs to stop

[@christinac2860]

Government corruption needs to stop. No more money laundering

[@rolenrodes1371]

It all stems from Excess and Inefficient Government Spending. We must reduce the size of our Government Spending.

[@BIgBass255]

You are pumping out some great content Todd, look forward to your posts every week. The Data is being used for political purpose right now, let the buyer beware.

[@SachsRealty]

The job number adjustment tells a lot!

[@peterwilson9327]

Todd, the newer format is great. Its very engaging and informative too. Great guests too.❤

[@SachsRealty]

Thank you Peter! 🙏

[@allisonbadgett2356]

What we need is ample supply of clean basic safe affordable housing but I don’t see any breakthroughs on this-

[@gogirl8045]

@allisonbadgett2356 Dems spending $170k to house EACH homeless person in Calif!! Spent $7B to put in 8 EV charging stations while Musk put in apprx 80K charging stations for only apprx $150K.!! Sooo many INefficient/Useless Govt employees need to be laid off corrupt mismanaged Depts shut down asap!! See how long they'd survive in private sector

[@WilliamStephenson-ij3jh]

Best analysis I ever heard cleat concise comprehensive

[@vickiehat1074]

It’s collapsing right now as we speak every day worse

[@SachsRealty]

Business owners I know are feeling it. Anybody else feeling it?

[@SachsRealty]

It’s definitely appears so.

[@swedish_sadhguru3854]

@@SachsRealty Massive unemployment here in Sweden right now.

[@SachsRealty]

@@swedish_sadhguru3854 I wish you the best. Look for opportunities and limit excessive spending. You get your home 🏠 🙏

[@JuneL914]

@@SachsRealty small business owners here. Definitely seen 20% decrease in sales in past 3 months or so.

[@bigota733]

Interest rate cutt will cause yield curve to uninvert result everytime in past a crash of everything including gold silver crypto and real estate.

[@BenBass00]

30:30 🇦🇺 growing up, our refrigerator was stamped 'Made in Cleveland, Australia' 📍 factory was 10 mins down the road

[@toddzinck8731]

I’ve been following Henrik for over a year now, and everything he says is point on. Great interview.

[@SachsRealty]

Thanks so much.

[@kawa1755]

I don't think so just because interest are so low anyone on minimum wage can pay off these homes. I can go on vacation for 5 years and still pay off my home.

[@swedish_sadhguru3854]

Fingers crossed that he is right, this bubble has been going on for too long.

[@TunaXPress]

@@kawa1755????????

[@rathelmmc3194]

@@kawa1755how is someone making like 10 bucks an hour going to pay off a 400k loan? Even with a zero interest rate they’re not paying that loan amount off.

[@CVEIWKID]

All the full time jobs were cut in half and part time jobs are through the roof

[@satoshiblack1046]

All that fed paper printing has consequences & has been coming since they did it

[@CyrusTheGreat-b3k]

My friend in India who runs the business was looking for new laborers and drove to village nearby and accessed the situation. Many do not want to work as they live in a hut ( no mortgage, no maintenance and no property tax), receive govt aid for food and healthcare ( 100% covered at govt hospitals and ) and they work odd jobs whenever they wanted extra cash to buy liquor, mobile phone .. They are rich in terms of time and stress free living.. He ended up importing laborers from poor states who has aspirations to improve the living standards. In Wealthy country like America one has to have good house and huge energy cost and you’re healthcare cost and that makes hours needed to afford basics is very high

[@judithstapleton74]

Danielle di Martino Booth has said we have been in recession since LAST October!

[@BIgBass255]

As far as currency goes, if it's not backed by physical Gold, I'm not going there.

[@CARLOSSTREMS51]

For Americans it is too late to save money 💰, the living costs are already too high in everything, renting an apartment in an area where there is an average work $1,800 a month, ask for 3 months 2 of deposit and the first month of rent that add up to $5,400, it is impossible to save for the average of people. it is easy to speak. a bad school in

[@thoughtcriminal3416]

Yep. 70% living paycheck to paycheck. And you're right, rents have skyrocketed. And now they want so much up front before move in.... Wonder if it has to do with all the crap that happened during lockdowns, many owners got screwed. Homelessness has got to be soaring.

[@delife_bkk]

Absolutely, because of no solution for BIG problems, never ever, while new PROBLEMS and more 4legs have been creating. Do you see ALL4legs, no repentence? I got this feeling since 1998 IMF+SOROS crisis and criminals + 4legs GOOD and growing, flying free everywhere. Then COVID crisis, criminals and our MONEY are free and gone more, what's your expectation from the CENTERS?

[@Reflect50]

Fantastic interview. Thank you so much …Henrik is absolutely amazing I watch him every single time I have the opportunity to do so !

[@kt6332]

I enjoy your interview on your show. I don’t look at them as doom and gloom but as awareness and an opportunity to position my self the best I can just in case,when and if, shit hits the fan. Thanks!

[@SachsRealty]

We’re all just sitting back and watching everything unfold. Thanks for watching 🙏

[@HODIUSDUDE]

Every 4 months he revises his "blow off top" of risk assets prediction later than the previous one. Talk about kicking the can down the road.

[@maximustheconfessor72]

He's been calling the top for a decade and gold to drop to $600/oz. He's a total clown scam artist. He also said deflation before inflation.

[@franktuccillo6097]

The bubble is much bigger now than 2008

[@jpeters9005]

Meanwhile…. RECORD EVICTIONS in my state and climbing like crazy all over.

[@UserVSM]

Hope we can talk to him in January again to discuss the aftermath! 😜

[@Progamer4294-xsz]

So what about food,cars gold,and everything else besides houses? Our dollar is being debased with the printing of trillions of dollars. Assets are going to go down???? That doesn’t make sense to me…

[@pennypinchhomefinder7887]

I need next week lottery numbers 😩

[@carlsitler9071]

Henrik doesn't factor in that the government will never stop monetary inflation until the dollar is abandoned. Many states have already approved the use of gold and silver in transactions. "You will own nothing and be..." homeless.

[@robertcwalkeriii6267]

Get Ready. Robert

[@DustinPerezano-ne3dn]

Someone lost the ball.

[@vacho8182]

We have been hearing about a crash in 2012, that’s 12 years….

[@janetg.1477]

Worse than 2008 but not as bad as 1929. We weren't $35 Trillion dollars in debt in 1929.

[@pcpro1789]

Take it from a man on the street. This is the worst job market I've seen in my 20 year career.

[@JungunIRL]

We just need to cut government spending and go through the pain. QE saves the wealthy at the expense of everyone else. 34+ trillion in our government's debt alone. Our government needs to focus on it's debt or face illegitimacy.

[@F44zz]

we shoulda just ate it during covid. wed probably be coming out of it strong by now.

[@JungunIRL]

@@F44zz covid and 2008, now the levers government can pull to try and fix an event like 2008, it won't have any effect and would cause mass inflation. We are going to suffer when this bubble bursts, the investors and banks won't be held accountable though. To make them accountable, we would have to ride the ecconomy after the burst without bailouts.

[@Casey-rr7th]

Henrik is the best. He has been very accurate in his observations. Kudos to you Todd for having such an influential guest. Very good interview.

[@bibibachmd9995]

No one has a crystal ball but the writing is on the wall. Some do speculate this will be like 1929. Eventually this party will be over.

[@BrianMeegan-k3e]

Let us hope so. Bargains will be available for those who have saved.

[@mark-204]

Great Interview Todd I learned a lot.

[@nadruik9890]

First time I’ve been disappointed in Todd. I think the wealth gap between business owners and workers shows whose not showing the proper appreciation. Wage charts from the 70s to present easily demonstrates how owners have taken advantage of the labor force so then to complain that they are only showing for a paycheck is a bit hypocritical

[@hart-coded]

great interview, on point henrik 🙂

[@goodhumorman1252]

We are in collapse/downfall mode. If that sounds like everything will moderate & get better, then keep dreaming. Most people will be wiped out in this depression.

[@SachsRealty]

Massive slowing in the economy right now. If they’re dropping rates, they see it.

[@neganxarmy5151]

I deliver to a home and commercial appraiser. He said his business is down 40%. Also pick up a drop box in the evening for a title company. This time several years ago, there would be at least 10 to 15 envelopes or more for them going out a day on average. Now only a couple per day. Some days nothing. There used to be two clerks about 6 months ago, now there is only one. Panhandle of FL.

[@AngelicaChuck]

Me and everyone in my department got laid off today. Funny thing is I've been looking for another job for 3 months now. 46 applications and crickets.... This economy truly sucks. :(

[@SachsRealty]

So sorry. What type of work?

[@AngelicaChuck]

@@SachsRealty Accounting. The company seems to be shifting ti AI and automation heavily. It's a shame.

[@BatmanBoss]

Thanks

[@JM-gu3tx]

Very educational video.

[@williamrivard8074]

Great information.. Thank you...!

[@yeseniapastor7165]

Where are the foreclosures at, real estae is local in nature and im not seeing prices go down or any foreclosures?

[@ParisianThinker]

Excellent presentation. Thank you for hosting this guest.

[@danacarmen2699]

It's already worse than 2008 for me.

[@ParisianThinker]

Thank you so much for having your guest, Henrik Zeberg. I learned a lot. Much appreciated.

[@maddstaxx]

ive been working since 2006 and ive never seen an economy this bad in my lifetime. and i was around for the 2008 recession. thankfully i have been very smart with my money over the years and i can weather any economic storm and i cant get laid off due to my seniority time at my company. i feel bad for the people that are struggling if things somehow get worse before they get better.

[@jabezireal1085]

Get better!! We are at the door of no return, America Money has no value anymore.

[@shayscott7498]

I worked for WorldCom in 2000 and there were people like you who felt they couldn't get laid off for whatever reason. Guess what happened, we all got laid off when the company went bellyup.

[@maddstaxx]

@@shayscott7498 we are the biggest transformer distributor in the world. if we go belly up, everyone is completely fcked and without power. but we are no where near shutting the doors... our production is just dropping because the housing market is completely halted, and 90% of our business is supplying transformers for new houses.

[@william1863]

You all have pushed us TO FAR !!! The LORD God ALMIGHTY sees , knows , and will Judge those people responsible and had he not ordered it? But woe unto them that turn aside the righteous for a peice of bread for all the gold and silver and all the Nations Military power is as a drop in a bucket compared to the Glory of God the LORD. Harm the poor and needy whom God LOVES and you leaders who took by force what is not yours all of you will wish you were not even born , says the Lord our God when he returns to Judge the inhabitants of this World. Selah ✝️ Shalom AMEN

[@kalobrogers235]

Delinquencies across the board, including credit cards auto loans and mortgages are absolutely no where near where they were in 2008. Things are tough right now for many. But we are no where near a 2008, this man is selling something.

[@vickiehat1074]

We’ve not even landed yet

[@noellecms]

Exactly. Especially California housing.

[@killahcam6690]

How about the exposure the banks have with all the "cash out refinance" loans done at the height of home price valuations. Once the rug gets pulled on home prices... that's a lot of loans underwater

[@lucydeantiguatarot8977]

The truth is that we were fine working from home. Life was easy and the commute was non existent --no spending on gasoline --big corp don't like that, and big building real estate --well I think it's more about this....really. working from home was better, so much better for the environment. and sure, we like to spend, but we spend a bunch on cars and gasoline, rubber, etc...

[@aquaman963]

We all have our go-tos, of mine, I believe you make the most comprehensive arguments of the selected topics. Along with great guests, your videos deliver top value! Thank you

[@shayscott7498]

Until he say he invest heavily in crypto. Lost me there.

[@iddddaduncan]

Where's Brandon? He said the economy was doing great and people were saving more than ever.

[@violetstameski664]

He’s somewhere in his mind living in the Reagan era!😂

[@violetstameski664]

Where are my comments YT?

[@davidabonyi1257]

America has always been a plantation; greed has never been higher. Let it burn, as the dollar mutates to a negative. Some of us won't be making it; they're the lucky ones. Seems like PAIN after this election period. 😢

[@BlueWaterSTAX]

Excellent information guys. Thanks

[@tyguy104]

Quantitative easing might not be enough this time. That worked with 2008, but not with the consumer. Like you said, this is main street now. You need hellocopter money here, QE doesn't put money here (it's M-zero only, not M2)

[@jabezireal1085]

Great British should be supposing India, not America, India refuse to Give America anymore wheat. Keeping it for their countries and peoples.

[@davidkteacher6933]

Superb guest

[@HouseRavensong]

Thankyou for giving us a time horizon (December) Having seen 1987 and 2008 crises, My gut is telling me that this will happen by the end of October. I'm at about time stamp 030:00 Does anyone have thoughts on what may happen to unimproved land values / prices as part of these changes?

[@mrmaxtube1]

Time horizon ? He is not giving a time horizon, this is just his opinion. If you search, you'll find videos like this since 2018. There will be a crash some time, no one knows if it's in 3 months or 10 years.

[@richardhubbs7805]

At 49 min mark he mentions ….. that to watch for in stock market . What is That

[@rrr8945]

I find this guest a bit to optimistic, i dont agree that its going to be a bit more worst then 2008,i think we are heading into 1929 or worst ,i'm more into the Peter Schiff camp .There's just to much debt, jobs are being cut .by the thousands weekly, high credit card student loan debt.Trust me the bargains are coming look at Buffet billion in cash and selling stocks,he and myself know what is coming,not impress by this guest

[@klmn2000]

He's proficient with technical chart analysis - specifically Elliott wave theory - but in terms of macro economics, he's self-taught and has never worked as a strategist or economist for a financial institution. He has never managed funds for private investors or institutional clients. Henrik is a self-proclaimed economist who is often relying on the comments and talking points of some others who have actually worked in financial institutions their whole lives to then construct a similar narrative, but with a few tweaks here and there (and a heavy dose of Elliott wave theory) to make it sound original and something he can then charge for - targeting the vast and growing retail trading community. He's made some alright calls over the year, but has repeatedly pushed back his recession start date, giving excuses and hoping the retail crowd who complain and leave are replaced by new subscribers who haven't noticed. Many on Wall Street have been calling for a recession in 2024 for a while now, and it's even priced into US and other sovereign bond markets. It's no big surprise. And if your base case is 'recession' it is then easy to see how risk assets perform relative to safe-haven trades.

[@ironwoodworkman4917]

Low sales does not = low value or the lowering of prices. #1 What makes realtors think they are economists? #2 This is nothing like 2008. When this statement is made. It tells me they do not know what they are talking about. AKA feels over facts.

[@AH-ne3qn]

Lol so you know what is going to happen then?... Honestly nobody knows

[@ironwoodworkman4917]

34 seconds in and I really do not want to watch the rest of the video. I know 90% of it will be a waste of my time. Anyhow I do respect Sachs. So I will listen to it. Even if they are not right all the time.

[@SachsRealty]

@ironwoodworkman4917 Not claiming to be an economist. That’s why I’m talking to Henrik 🤣

[@ironwoodworkman4917]

@@SachsRealty What did he say @5:00 "IDK , just the way I feel about it." Some are good their job and know, but most suck at their job. It is your job to find the Pros. This is NOT at all like 2008. But I do repeat my self at this point. When I ask any Pro. They will say right away. "This is the reason." Pro tip as they say. He could still be wrong. But at lest he put the time into fully thinking it threw. Time always tells the truth. Let us go over the subject in do time and take a look see. Heck! anything "could" happen. Maybe Civil War 2.0 or China keeps attacking and a hot war brakes out with the bombs falling on Americans soil. Still that does not stop me from living today. I am not falling for the Black Rock, State Street, Vanguard Group, ETC crony capitalist talking points. I have to make my $$ the old fashioned way and work for it. I do not get my $$ off of the governments tit and out of tax payers pockets like they do.

[@ironwoodworkman4917]

@@AH-ne3qn Do you ever address the point someone makes? or do you always use a Strawman?

[@hymansahak181]

I truly believe we’re headed towards Depression 2.0. We’re seeing the cracks everywhere and all economic indicators are pointing to a calamity.

[@MrMustangMan]

🎯

[@CARLOSSTREMS51]

Today you need to earn $50.00 an hour to be able to live afloat and pay a mortgage, maintain a family of 4, which is the average of the families if they have their own house, if they do not have it to pay $3, a thousand a month and when they rent it they need $9, a thousand to be able to rent it. We are a society that never looked to the future, we only live in the present spending more than we earned and today it is impossible to live comfortably and full of debt.

[@RipoffRadar]

In other shows he was talking about September or October now he pulled 2 months ahead. If someone gives you deadlines and time ranges in the commodity market, they are far from an expert

[@evemitchellanderson]

Saving for a 400k house is just stupid

[@amyhudson1016]

Why?

[@Thebankfisher]

​@@amyhudson1016way too expensive for the average American...

[@CarolPuccerelli]

You should cover the Florida condo crisis it is horrendous with all the assessments and I think it's a very important thing that's going to affect the economy moving forward if we don't learn the best situation as it is it's gonna make things even worse and I think it would be a great sigment

[@woodyslowski9264]

Buy the three top precious metals!! Gold , Silver and Ammo

[@gvon6358]

But if things really hit the fan, those things won't feed or provide water for you.

[@BrianMeegan-k3e]

How about supporting Brown shirt socialism and Naziism ?