'Market Crash Is Coming, And It's Going To Be UGLY' - Patrick Bet-David Issues Warning On Market

[@quentinawai7304]

Pat Hit the nail on the head , I never believed in bailouts and no one is too big to fail …….. let them collapse. 30 years ago pharmaceutical companies were held liable for the drugs they produced , today there’s no accountability and look at what we have now…… 🤦‍♂️

[@dbrennan1523]

Read "The Creature from Jekyll Island". Does a good job describing all the things the Fed and FDIC has bailed out from banks to railroads. So much of tax payer money has been wasted saving companies that needed to fail, restructure, and then thrive.

[@victorespino5650]

You know who wrote the bail outs. Not the left, Blackrock and other capitalist companies

[@Robert-zx2df]

I say "too big to save"

[@antidote7]

Save the middle class and poor and let the wealthy crumble. They stole it all anyway. You can't however just allow huge businesses to collapse, because the poor get hurt the worst.

[@misaelfraga8196]

​@@Robert-zx2df Too big to exist.

[@chriskey7440]

Patrick's company is called PHP Agency and they mainly deal in life insurance.. if anyone was wondering. It wouldn't shock me if they sold annuities, mutual funds, etc as well

[@niall8632]

Huh, who's mutual funds biggest client?? Insurance/pension funds. They're the big players of the markets.

[@JJ-mh3hb]

It's a mlm

[@chriskey7440]

@@JJ-mh3hb really? The reviews online are mostly great but I've had plenty of run-ins with people who sell life insurance haha

[@morefaiththanever]

Duh

[@ResseeC]

They do sell annuities.

[@John-mj2cp]

Economists and analysts have predicted 10 of the last 2 recessions. If anyone listened to Kiyosaki in the last 10 years you would have made no money. Don’t listen to people who try to predict the market. It’s pointless. Focus on individual businesses.

[@ThuIaniNgobeni]

Lol

[@isiglz]

I agree, but this recession is going to be artificially created by the Feds.

[@hulkhulk5141]

Well said, you have to live and make money between cycles. Listening to him you would have been waiting for the crash for 10 yrs and not even kept up with inflation. Now that it might be here get prepared and save yourself 10yrs of negative information 😎

[@Zmasterflash]

This time it’s different!

[@wasupfool5692]

Difference is even the uneducated common man sees it this time because it's so obvious

[@projectflip6765]

Patrick the type of guy to fly to a Zoom meeting to seem busy

[@lancemiller1608]

Michael Burry has made 9 major predictions and got two right.

[@InvestorsHeaven]

Kiyosaki and Burry predict a market crash every Tuesday.

[@altfiwithleighlommen310]

Yes, but he capitalized. Did you?

[@ADLifer]

Yea, he messed up the timing on the game stop squeeze. He also screwed up on the Tesla short.

[@fantasyfilters580]

Patrick is a spoofer 😂 he hasn't a clue really and will be reactive to everything .... Just think about what he's said the last year. He changes his mind now 😂

[@IsthisMike]

@@ADLifer Yeah he was off by 6 months on Tesla. Sucks to see.

[@stizzack]

He asked a simple question on what to do if you has 20-30k saved in cash. Evaded the question with “who has money in this market that’s real” wish he answered the question

[@JKRealtyServices]

Exactly never answered the question.

[@stizzack]

@@JKRealtyServices it’s the usual reply from everyone from Grant Cardone to this guy. Same bs answer that doesn’t help

[@LightHouse31073]

This question is the litmus test for the everyday man and it failed😔.

[@skyDN1974]

Because he isn’t real himself.

[@stizzack]

@@LightHouse31073 exactly. I saved up a nice amount and wondered how to hedge against this market. Here I am watching more videos and listening to more podcasts without a clear direction. Frustrating period of time for the everyday person

[@SpencerCornelia]

Robert Kiyosaki has correctly predicted 18 of the last 2 market depressions/crashes. When you predict it every day, it'll eventually be true.

[@treasurethetime2463]

The fact that a fiction writer is treated as an economic genius still baffles me. He made money selling books and parlayed that. Nothing more. He talks out of every side of his mouth and says nothing.

[@WJWeber]

Make more vids spencer it’s been 4 days

[@thesoccertrotter1]

I respect you Spencer but Robert is 100 on this one

[@thirdplace3973]

Robert needs to sell books.

[@aioniansage6081]

$$$$$$

[@anthonyjames4319]

2 things are true: 1. If you predict a crash long enough, eventually you’ll be right. 2. Bryan Callen never knows what he’s talking about.

[@cflo1386]

#2 is 💯 correct

[@SkyPirateU]

Bra, wtf is Brian Callen doing on a economics panel???

[@anthonyjames4319]

@@SkyPirateU what’s he doing on any panel? Lol

[@angelrivas1539]

A youtuber and a “comedian” talking economics

[@Kubanb3]

The richer will get richer and the poor will get even more poor. That’s what I predict.

[@oneiljerry9460]

When markets are this volatile, your patience is tested more than your trading skills. That is a simple fact.

[@bobbymainz1160]

I don't know much about the market, but based on what I do know about economic supply and demand, now is the perfect moment to invest. The only thing holding me back is the constant volatility in pricing, which isn't meant to be a problem, but I really need some direction since I want to take advantage of this chance to construct a dividend-yielding portfolio.

[@andrewtownsend886]

@@bobbymainz1160 Eileen Ruth Sparks is a skilled financial advisor who is in charge of the portfolios of specific investors. You may look up her contact information on the internet and contact her if you like.

[@bobbymainz1160]

@@andrewtownsend886 The name seems familiar; I'll look for her website on the internet. Thank you for the suggestion.

[@thelmaroberts9935]

2 minutes ago Everyone usually says they want a drop so they can acquire more Gem assets, but when the dip arrives, they don't take advantage of it, according to multiple Vid subtitles from different KZbinrs. People are either unsure of what they want or are just afraid (that is the simple truth).

[@marksway7292]

@@thelmaroberts9935 When the stock market recovers, many people will wish they had invested in the red today. This pricing may never be seen again. There is always opportunity inside turmoil; you simply have to train your sight to see it.

[@ADLifer]

I love how they speak about what’s going to happen with certainty, when economics predictions are as accurate as earth quake predictions

[@ReonKad3]

Successfull people often times have these god complexes. It’s actually embarassing to listen to. Noone knows what the fuck is going to happen. If they believed what they preached they would put their money where their mouth is. But they wont. Cuz deep down they are as clueless av your average redditor.

[@daebak7370]

They are in for rude awakening..great reset aka new world order isn't going for anybody except those in allegiance w/ satan and antichrist

[@bhavikpatel576]

Exactly. Nobody really knows.

[@jeffreylopez4090]

What happens when the market doesn't crash? This podcast loses all credibility and becomes a joke. Anything they say we'll just be thinking oh yea just like when the market was gonna crash.

[@UltimateKeyboardWarrior]

I'm from the future and Patrick is right bro. Market WILL crash!! And you will catch chlamydial when you finally lose your virginity. It will suck bro!

[@samuelbell3281]

I agree that we should let poorly run companies fail. It's a tough call when the company's failure was caused by government in the case of COVID regulations.

[@M_Riggs]

Kiyosaki, Dalio, Grantham, etc. have beening calling for a crash and depression going on 10 years now. At this point they're as bad as Peter Schiff calling 12 out of the last 2 recessions. Yet they're still quoted and asked for comment.

[@blakealtonen9858]

But that's the thing just because it hasn't happened yet doesnt mean their wrong.

[@InvestorsHeaven]

@@blakealtonen9858 Yes, it absolutely does mean they were wrong when they made their prediction. A prediction must have a well defined and short time horizon. I can also say that there's going to be a recession in the next 100 years and I will be right 100%.

[@darnold1984]

Broken clocks are right twice a day

[@ThuIaniNgobeni]

But it's coming

[@CSgof___yourself]

@J J can still do well swing trading but calling the mythical crash they suck at

[@devinrobinsonx4442]

I don’t think Pat understands how good Larry Bird was…Luka is not close…not yet.

[@HH-le1vi]

Luka is the closest thing to Bird since Bird. Especially for his age

[@cspartacus716]

Agreed

[@JP-xq7fo]

Especially in the trash talking department.

[@jessieplaysmusic8530]

@@HH-le1vi if he wasn’t white would you say that? I feel like he is more athletic and a better passer then bird

[@colbypook647]

He said 4 times better lmao

[@kevinking1750]

Companies will never reward loyalty. Companies will always take what you give them and never appreciate it. In the next 2-5 years, you will not get that raise or bonus, you'll waste your 5 years hoping for a reward.

[@kingleonidas4296]

Hell yes! Look out for yourself and do what the company pays you to do. That is it. Don’t expect any treats for being a good boy. If you’re not satisfied with your pay/life, ask for more/better hours etc. and be prepared to leave if you don’t get it.

[@Lordhumongus]

Interesting. Every business owner and company says same thing about employees. Can't find anyone who wants to work or appreciates loyalty. Economy problems agree with the owners it appears

[@skyDN1974]

Yeah this guy is an idiot haha

[@b-rare]

I do real estate investing and when I refinance to buy more property I could have taken out the 80/20 but I leave over 50% of value in the house because I love heavy cashflow. Lots of investors call me stupid but I’m overly prepared for times like these. Yes I’m leveraged but comfortably . I don’t like to take big risks

[@misaelfraga8196]

you can eat the entire apple with small bites. Doesn't need to be big chunks all the time.

[@user-uq6vh3ps7m]

So do you mean when you refinance you only take 50% of the equity?

[@b-rare]

@@user-uq6vh3ps7m I try to only take whats needed and I keep myself poor and working for free. I dont pay myself. So i find the deal, write up the contract (wholesale), contract the reno, do most work myself, and when it comes time to refi I only pull out whats needed for the downpayment of the next one. Not saying I keep them all at 50% LTV, I just take the least out as possible and stuggle on the next one.

[@orthodoxNPC]

totally ignored the "family with $30k" question and started talking about "finding legitimate personalities"

[@LennyDykstra1]

Because no one knows the answer. Work hard, save, invest and dollar cost average. Buy gold, buy silver and Bitcoin. There is your answer

[@orthodoxNPC]

@@LennyDykstra1 the answer is the same as it has always been and always will be; buy production

[@okipo3443]

If you ask me,become great in a skill

[@jackjack4412]

@@okipo3443 like what?

[@jackjack4412]

@@orthodoxNPC what do you mean "buy production"? Buy stocks in companies that are doing well?

[@donovanjarvis6483]

Kevin O’Leary said the same thing. “There’s too many tubes in the air already… Let them fail.”

[@primeminister87]

Economic cycles are inevitable. Considering everything that has happened in the past 3 years from Robust economy ( Right before Covid ) , the Pandemic , The After effects of the Pandemic, Over priced Stocks and Real Estate which is a sign of a bubble . Now inflation. The economy has to correct itself . I feel like the federal administration is prolonging it .

[@elcristoph7380]

I gotta push back on the whole Michael Burry reference, the guy has made multiple predictions about the next big crash, he does it every year. Will he be right this time, who knows but what I do know is the guy is in love with his own persona.

[@erobsessedk1298]

It’s not his fault that feds Kept lowering interest rates. Now they’re stuck

[@elcristoph7380]

@@erobsessedk1298 They're not stuck, they just need to cause some pain to fix things.. For years now free cash has been flowing into capital markets and not into actual production.. That's needs to change and it will cost a bit to do it..

[@stevoc4023]

Allot of guys that left jobs for better offers had been undervalued since the last recession and had enough of being rode by bad bosses. You cant blame a worker exploiting circumstances when their boss exploited them for the last twenty years. In my experience business is business, loyalty never came in to it. If business got so bad a CEO had to let all of his employees go and roll his sleeves up, that is what he would do. No loyalty, just the bottom line. I could be wrong, maybe I've never had a loyal boss. . .

[@bakothegreat]

I literally stopped listening after he made this comment. People are so divorced from the view of a worker that they even start saying things like "abused employer". That's a problem for management to get rid of that abusive employee, who often hurt other cworkers the most by burdening them with a larger workload.

[@QS-si3cq]

*A lot

[@justinreaser8268]

@@bakothegreat That’s because us businesses owners have been getting screwed for years. I’ve invested hundreds of thousands of dollars into people who just jump ship for a few pennies more a hour.

[@bakothegreat]

@@justinreaser8268 Look I sympathize for companies running on low profit margins, that is definitely going to reshape the whole industry. But most of the country is labor and it's not feasible to have an economy where everyone is the owners. If owners are always winning, and labor never wins, most of the country is losing at the cost of a bunch of happy business owners that will go on about how everyone else is lazy, furthest from the truth.

[@ShyMplsMale]

People don't quit great companies with good bosses. If you are a boss and/or own a company and have a high turnover rate, you have a problem and it could be you. If your margins are so slim and you're in a highly competitive market, maybe you need to get out and do something else. Just a thought.

[@solidmercury1]

Patrick loves to hear 👂 only himself. He always wants to control the narrative & doesn’t allow his co-host to throw his ideas 💡.

[@kevinpeoples376]

As opposed to listening to Call in talk out of his ass? You should've picked an episode with better guests to make your "point".

[@ShowbiziShqiptar11]

Be greedy when people are fearful and be fearful when people are greedy. I can assure you things won't get as bad as people make it sound. Don't make the mistake of selling stocks, real estate, farms, etc. In fact, now it's time to buy. If Snap dropped from the high of 80 to $13 doesn't mean that the whole stock market is falling apart. Snap dropped because it was way overvalued! All stocks will eventually catch up with their value.

[@InvestorsHeaven]

100% right. On the money.

[@seanguzy9601]

Yup this is the time for normal people to finally buy these stocks!!! and our simple minded thinking, of investing 1,000 shares on a 2.00 stock. We actually might be able to sell it at 100.00

[@CHANNELS647]

A lot of garbage is overvalued right now

[@shulakuka]

Very well said sir.

[@Seanpfree]

Yeah calling bs on housing dropping by 20%-40% without a major black swan event.. no way in Tennessee.. I really really pray that you're right so I can afford my first home, but I don't see it happening.

[@ukN101]

I agree with Patrick 100%! Cash is gold during recession.

[@bighands69]

So are staple businesses that produce things that people need. Any business that has low debts, generates cash and produces desired products are going to do very well. Especially those that have prepared for the future.

[@yasht7957]

If inflation were low this would be true. If you have a long time horizon, I think you should be a heavy buyer of equities for the next year or two.

[@magic_fruit_bat5003]

DCA you apes

[@ron.mexico.]

Ya just like it was in 2008….LOL

[@PresidentEvil]

cash is king right now

[@esco9924]

If PBDs economic predictions are as good as his sports predictions (and a number of other predictions) things will be ok.

[@pharroekemet529]

Weather channel is on every business podcast.

[@adamgorski8725]

Pat as a business owner I already see the job market shrinking and I’m finding quality employees

[@vmasters29]

Are we really not talking about all the employees that got abused and underpaid by their employers. Did he really just try to blame it on the employees.

[@humzaha]

I think that Saylor liquidation is bs He would have to potentially sell some if BTC reaches 2k or something like that Even then... he can probably use cashflows from his business to pay for any payments required

[@samyguindy8490]

Although I don't know if they're right about the market crash since we've already crashed but one thing I do know is he's not going to get liquidated at 21,000 Michael Saylor won't get liquidated into a 3500 a Bitcoin then on top of that he only bald 4% off of 5 billion dollars he's got the cash to cover that Force case scenario always got the liquidation to cover that

[@michaeldob9526]

Yes, it's all FUD. His liquidation is around 3 to 4k. Even then, he mentioned they have access to cash to cover and he's not planning to sell under any circumstances which makes sense. Why take a loss. Some of these idiots talking about market crash don't know what they are talking about. Literally don't know shit. Most of them.

[@Amort2]

Saylor analysis is incorrect.

[@michaeldob9526]

@@Amort2, how do you figure?

[@samyguindy8490]

@@Amort2 and let me guess we're supposed to believe some guy like you on the internet the nobody knows when you're a clown

[@Lwellj45]

One thing to keep in mind about PBD main business is that it does best when people are scarred (insurance products). There is a bias there he is not sharing.

[@DJLEOdamadprofessor]

Predicting market crashes is like predicting a clock striking 12 it’ll eventually come true and if it don’t there much worse happening

[@heyitsme881]

I’m more confused than before I watched this lol

[@Tim-Dawg]

This video changed my stance on the market and is the reason why I put my home on the market one week ago. Thank you Patrick and team!

[@jasonhill2348]

How’s that working out for you?

[@RickyBobby213]

Employers will look at the person who'se been the most loyal, saved the company millions of dollars, and fire them when the recession hits to save a couple bucks and hire new trainees.

[@ClayMastah344]

💯 employers will NEVER value loyalty over money

[@treasurethetime2463]

In a NY second.

[@dannywilliams3255]

The good news is for us that are that guy, sooner or later they are going to grovel for us to help them out. Been there done that, especially with the GOVT.

[@BadForYourKidneys]

in certain fields yes, in places where skill is invaluable employers will keep their best people.

[@ANT_playsgames]

Adam is the training wheels on every conversation

[@dbrennan1523]

I don't know Adam by name, but by the way each was talking I can pick out who you are talking about.

[@jackjack4412]

Poor guy. He just gets bulldozed every time.

[@petewick8627]

The people get the government they deserve

[@stevenhenderson7280]

The people deserve the government they elect.

[@mauriciom8430]

All the rich people are speaking this right now Mr. Patrick your word is golden to me you are there! Robert Kiyosaki, Grant Cardone, Yourself and all the rich are warning people! This is my 2nd crash in my lifetime. 2008 was my first crash it was epic seeing homes being abandoned in rows! I’m scared and excited at the same time! I’m listening to those who understand money not the broke people they don’t know!

[@noahc319]

Dollar cost average, and keep some cash on hand to take advantage of huge dips. Time in the market beats timing the market mostly all of the time.

[@epsilon3821]

Based peter lynch enjoyer

[@noahc319]

@@epsilon3821 actually MoneyGuyShow but close enough

[@epsilon3821]

@@noahc319 They got it from peter lynch. That's literally them quoting him. Bruh read the og.

[@noahc319]

@@epsilon3821 exactly why I said close enough

[@wood8715]

House market where I live spokane, wa definitely needs to come way down. It rose 30 40% in 2 years. Rent too. That has raised 60%

[@billy2069]

Robert Kiyosaki has been yelling for a recession /depression every single year since 2008. If he’s right now idiots will say he’s a genius. Even tho he was wrong for 14 years. I’m not saying the market won’t crash I just know people aren’t fortune tellers. We have more communication thanks to the internet I know literally 1000s of people on the internet/in person that have been waiting for the “crash”. It’s not 1970 any more where the CEOs know the game only.

[@markislivingdeliberately]

Haha yeah that’s kinda his thing: “market crash coming, here’s what smart rich people do!” He’s Been saying that for 20 years. Maybe just a good marketing tag line so you end up reading his book that does contain value (at least first one did) so I get it. Basically clickbait before clicks existed.

[@mob4ever]

@@markislivingdeliberately Robert also couldn't have predicted our country would have printed trillions of dollars to prop up the economy. This made things worse. We are living in the biggest bubble of our lifetime.

[@InvestorsHeaven]

100%. They are basically guessing. When you guess a recession every year for the last 20 years, you will get it at some point, since typically there is a recession every about 10-12 years.

[@jeremytegland6663]

Schiff is one of the same.

[@billy2069]

@@mob4ever exactly like so many elements of obvious pain are here now and now a ton of people want to take credit for being right.

[@nickloks]

What do we do? Bitcoin? Ethereum? Precious metals??

[@anthonysolis8933]

Nothing against Brenden, but Brian is a-lot cooler when he’s not around him.

[@kab22m10]

Micro strategy has money on the side to dca the price down to prevent the margin call.

[@MrChito562]

They straight up ignored the tesla guy hahaha

[@eventhorizon6249]

Can you release versions of these where Tyler is muted? That would be great

[@youwebz]

Kiyosaki mentioning his ‘Marine days’ is like the Sun rising. JFC

[@andrewanulewicz6482]

I’ve been a fan of PBD’s since 2016-17, I’ve been slowly losing interest for about a year now, is it time to say he’s officially transitioned from genuine content creator to generic baseline influencer sell-out? If I thought I’d never say that about anyone it’d be him… really sad to see

[@seanevans834]

he runs a pyramid scheme business with his insurance company... what did u expect lol

[@avilla4013]

He's gotten to a financial level to where no matter what he says that he can get away with it. It's like us grown folk giving $5 to a little kid and telling them they can do whatever they want with it.

[@tonydamico1]

I miss how PBD would put out specific content for business owners. You are spot on unfortunately.

[@JB-ie3vo]

Agreed. Same boat. I’ve been off of his podcasts now for a bit. Used to love em.

[@kevinsmoother]

Agreed. Selling insurance.

[@erikhopkins9488]

"coming?" portfolio looks like a teacher took a red 🖊 to it and graded it!!!

[@calidecali]

They've been saying this since 2011 lmao. If you have a variable loan then you're screwed. Fixed then you're fine. Layoff, find another job, anything. Keep it rollin

[@richiehunt5097]

I hate to sound like the person that is predicting the next crash because we have had plenty of those people for a long time, but when you look at the data it's hard to see the economy not crashing, possibly as bad as it did in '08 if not worse. It reminds me of the movie Big Short where they discuss the Brownfield Fund's investment strategy that people don't like thinking about bad things happening so they underestimated the likelihood of them occuring.

[@jessieplaysmusic8530]

Pat was literally saying Bitcoin was gonna hit 100k like 9 months ago

[@fantasyfilters580]

He hasn't a clue 😂

[@primozfit1428]

Literally every one in the crypto comunity was saying that if not way more

[@Thiiink]

look at the charts..

[@jessieplaysmusic8530]

@@phantomoftheopera1813 he is so cringe I hella agree

[@jessieplaysmusic8530]

@@phantomoftheopera1813 that he doesn’t know as much about crypto and markets as he pretends. He just loves capitalism

[@sentiasatransformasi]

palantir is a very good stock. the company literally is one of the most important companies for US army

[@billaddison82]

Patrick's 100% right about this. We went through it during the GFC in 2008. Everyone was fired, but the good people made it through clean and thrived. He's right too about employees bullying employers, and that behaviour will be remembered and they'll be the first to be fired.

[@ryangeorge3982]

Dude theyve been making this bold prediction every single year

[@mendoblendo321]

Their will always be future recessions and corrections/crashes. Buy into mutual funds takes the risk somewhat away A lot of these companies don't bring in revenue especially tech and EV

[@elmagico17]

Lost me at Luka 5x better than Bird

[@omphilemafa]

Hey Pat I (Omphile Mafa,15 years old) missed your webinar on May 31, 2022 05:30 PM EST (yesterday) because it in South Africa it was 11:30 PM CAT and I'm writing exams today. (btw it's 4 am cause I'm an early bird it's just who I am) I take full responsibility and need to do something that Insures that never passes me by again. I really wanted to see it because I'm done with this type of small town type of life, I'm surounded by crime, the club is in walking distance, I unfriended everyone who told me that I was lucky and should go to the club. Pat I don't know what to do about the missed webinar but see me in 10 years. Ten years from now they'll say I got lucky and a whole bunch of BS and I'll keep visiting this comment to keep me accountable. Thank you Pat for being a source of knowledge,inspiration, and hope Have a great month Thanks for being awesome OMPHILE™

[@mikepittman7023]

When you start making life too expensive for people to feed their families or even just live comfortably, people will start destroying each other to survive. Get out while you can

[@shanedesmond4875]

The second I heard Bryan callens voice I tuned out😅

[@kobaby]

So should we by property this year or next?

[@ron.mexico.]

Please don’t take financial advise from these guys. Avoid anyone making calls on the market, they ALWAYS fail. Buy quality, hold and prosper.

[@daebak7370]

This is much much different than before. The elites got what they needed during the pandemic now they want to wipe put everyone elses finances and introduce the coming one world gvot currency.

[@cameronpatrick8489]

I always buy and hold

[@Dmindthinker011]

I can’t believe he is trying to leverage people’s fear to try to cash out.

[@kevinking1750]

Agreed. Sounds like he his bagholding Palantir lol

[@tigreytigrey8537]

He's a business man. Get over it. That's why he's rich and you're not.

[@flyersluver4eva]

@@tigreytigrey8537 that’s why he is lonely and us poor are not. But u chase that money.. u Fkn headless,clueless chicken. stupid fk.

[@eatsh1t]

@@kevinking1750 me too lolol

[@ronaldinho5860]

great conversation so many good points

[@personalfreedom2700]

Ive seen this trick before…If you hadn’t noticed, the markets have been falling for 6 straight months… QT, rate rises, inflation is all priced in, also recession metrics like CPI lag by 2 quarters.. we are always in a recession 6 months before people realise and inversely out of it 6 months also before people realise…but what I have noticed is wealthy people love to convince poor people to sell everything at the bottom. This clip might be an example of that fear selling/wealth transfer in real time. 3 rich guys telling poor viewers to sell at the bottom… oh and also buy their books! Thanks!

[@Kevin12321]

But if you’re listening that’s not what he’s saying at all

[@personalfreedom2700]

@@Kevin12321 the logical conclusion of what they say is to sell all your risk-on assets and only buy gold and silver… its the same thing they have been preaching for decades

[@noroom4commies086]

I think it has already crashed, obviously, most stocks down over 50%, sure it can get worse, but its already crushed. Until our energy situation is fixed, the market will not get better.

[@InvestorsHeaven]

By the way, do not make the mistake to own Palantir, which PBD is telling you it's a good stock to own. If you actually do any analysis you would see it's a horrible company to own in terms of its financials. It could end up being a good business but it's massively overpriced right now even after being down 80% or so.

[@kevinking1750]

Agree! Palantir is trash! Waste of time. Buy it if you want to see it continue to drop and eventually break even in maybe 10 years lol

[@chrishammer5925]

Michael Burry has been saying it for the last couple years, yes, but not since 2008

[@mafriqaful]

Corporations don’t care about loyalty, they will fire a senior worker with a lot of experience and hire a rookie for less money.

[@rayluxe8122]

Pat “he and I are working on something together” but we never get to see them

[@RaspingPompano2]

It's the million dollar guy we should be worried about, it's the $500,000 family that has all their retirement wrapped up in the markets and will lose everything they have ever worked for, THAT'S WHO WE NEED TO WORRY ABOUT!!

[@MrJason0505]

Put your trust in God. Don’t worry about the talkers.

[@Dreama40]

Kiyosaki said back in the late 2000's that the big crash would happen before 2015, I guess sooner or later his predictions will come true.

[@JB-ie3vo]

Love this conversation. We’ll see those who have bet on speculation soon…

[@Fabtp76]

You live in another world. I was loyal to a company for 20 years and they didn’t give a shit

[@911neverforget3]

I talk about pruning all the time. Pruning.

[@cassieshaffer8613]

It may crash but historically the market always recovers. Let is ride. That's the way the market goes. But in the end it will be ok.

[@spicher40]

I’m really glad I found Patrick. He is a legit baller

[@Direct.injection212]

7:00 in the next two years companies will outsource every job possible to someone in a third world country who will do it for 10 cents on the dollar. The WFH crowd is in for a deep surprise. Guard your job everyone.

[@mikebuckley46]

I can’t believe people can’t see the crash coming

[@ultimateguru2]

So much knowledge.!

[@martinsvensson7744]

Be bullish when others are bearish

[@davida7559]

Market crash is coming every day 😂

[@scottstevens6380]

Love Callen

[@4everfito497]

Love how you sit Adam down

[@24bourney]

When will they release the webinar on KZbin?

[@JM-ev8wt]

Patrick really like to hear himself talking. What’s the point of having other guests on the show for.

[@tanksherman9875]

The people with more debt than income will get crushed, and the people with good to great income and little to no debt will clean up. It’s as old as time.

[@recheveste31]

Prices of homes will not go down. Dave Ramsey said so ;)

[@cameronjohn604]

Love this clip, I side with Patrick on this one. The financial industrial complex won't echo the truth. They will never tell you to sell and get to the sidelines, neither will your "financial planner." God bless to all, keep some powder dry. ps. if you think Saylor is leveraged to the gills, wait till you see what happens to the leveraged retail crowd... Due to the blockchain there is no access to the data on leverage used by retail. Estimates are scary. Good luck to all

[@The-Small-Avdentures-of-a-VT]

I see a number of economists saying the same thing about the economy, that in the next 10 to 18 months a big recession is coming, as well as the government will not have the funds to bail out companies or individuals. Prices are too high, inflation is too high. Wages are and have been stagnate for years. Many people never fully recovered from the 2008 recession. Millennials now being the biggest contributors to todays market are 10 to 15 years behind where their parents were finically. Boomers cant retire or have to un-retire and return to work, as they did back in 2008 due to the increase in prices of goods. That being said for those millennial's in recession proof jobs such as in social services, government jobs, and other essential careers (which the covid lock downs have shown who's career s are in fact essential), will be fine with a recession, and could be able to now afford a house with a recession, or at the very least get a better bang for their buck in rent. In my opinion, the 2008 recession never had a proper recovery, this recession is needed for a proper reset of the market.

[@InvestorsHeaven]

I love it that people think they know what is going to happen in the stock market when they are basically guessing :D

[@JKRealtyServices]

I totally agree with you. Every year we have experts saying the market it's going to crash in two years.

[@InvestorsHeaven]

@@JKRealtyServices Yeah, PBD is even telling us the amounts ! "House prices going down 20-40 % in the next 12 months" Just random guessing based on 100% government caused inflation and senseless lockdowns. Sure, it could happen, there is typically a recession every 10-12 years or so so that the market cycle can reset and make new gains again, but predicting dates and numbers is 100% random guessing.

[@InvestorsHeaven]

@@mrmoonlight1001 Warren Buffett is not guessing. He is investing in businesses based on data.

[@AFC0712]

time to start shorting

[@cflo1386]

Do not ever be loyal to a corporate company. It's all about mobility within optimal opportunities.

[@hearanecho]

Patrick put that man in his place about that burry guy lol

[@campingwithcarter8054]

Patrick, how can you predict the future?

[@DanielGoldMcduckRose]

Even a broken clock is right twice a day

[@heykelrajhi103]

Common Patrick up your research, his margin call is around 8k, and even there he has options, the 21k margin call is on a very small portion of the holdings

[@davidshamiri1448]

snap was 12 dollar stock 2 years ago too

[@helenkessler6012]

During the depression one was able to leverage one's life insurance I wonder for the future.