Postion Yourself For Economic Chaos

[@jeffDwyer1]

Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich

[@wmwoods-l4f]

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@Jpoteete]

Risk mitigation is indeed something to consider well before setting out on inveestments. Most often than not, CFAs take care of this perfectly. People downplay the role of CFAs until being burnt by their own instincts. I was in a similar situation a few years ago; Took my chances but stocks went crashing. Realizing I wasn't good at timing the market, I started working with an Adviser, which helped me build a $1.6m portfolio.

[@CindyValenti]

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@Jpoteete]

My CFA ’Annette Christine Conte’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@CindyValenti]

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@northharriscollege]

I been hearing about this collapse for the last 10 years. And it still hasn’t happened. I doubt it ever will

[@yt-xe8ws]

it wont be a collapse but when trump gets in he's going to kick off the trade wars and anything that isn't made here in the US is going to become astronomically expensive.

[@TheBerlyn186]

Cry Wolf type a situation

[@jallenshaw]

It keeps the clicks coming, ups the KZbin paycheck

[@reaccionapr]

These types of things take a long time to mature but when it collapses its insane

[@kanejakejimmy]

Are you guys suggesting that our situation is the same as it was ten years ago? You see no evidence of decline? Nothing in chemistry or nature happens in a linear fashion, it is always exponential. And to me, it seems like that parabolic curve is ramping up right about now. But if you see it another way then don't prepare. Its a free country. Still...

[@Ootgreet1]

Dude, I want to say: I've followed your insights off and on since the hoary old days of the pandemic when I wanted to do some projects and cursed the prices at Home Despot. Your presentation style, just how you talk to the audience, has REALLY gone over the top. You sound like you've done this forever. You were great in 2020, and you have really honed your speaking skills and naturalness to the present day. It's hard won I'm sure. Keep it up! 💯

[@lgdelvalle]

I believe a great way to prepare is by being debt free.

[@asielmundo]

That's it

[@lgdelvalle]

@asielmundo that's a start...if you are debt free, then you can prepare for your particular situation.

[@tremoneyv]

Genuinely asking, why would it matter if Shit really hit the fan wouldn’t it be better hypothetically to have a bit more gold/silver or bitcoin then to have paid off say a credit card? I mean, what are they gonna do?

[@lgdelvalle]

@tremoneyv if SHTF or WROL it will be for short period of time and then we could then be in a Great Depression type scenario. Even so, if you are in debt, the lender will still demand payment but you won't have your job or your salary will be reduced. This scenario is how many people lost their farm/home, unless debt free.

[@zaidzarani5643]

true tho

[@Mr.Hygge_Bear]

Totally agree on growing your own food. Chickens are so easy! Summer squash, Winter squash, beans, potatoes and sweet potatoes are so easy you can practically set it and forget it!

[@MsTuliplady]

I live in a town where people still know how to work hard, grow food, share - we'll be fine. The cities are a different animal all together

[@wantsome-zs5sq]

I live in a big city but I know how to get away. I have 10's of thousands of dollars in hunting fishing and survival gear. I do it for fun but I could do it as a means of survival if need be. My grandfather taught me when I was a kid how to take everything I need from the land. You could drop me off in the artic circle in my underwear and I'd survive.

[@user-o8c6q]

that's what you think

[@TreeofLife-r3d]

😂 You need us in the cities You're going to figure it out quickly

[@PR.Hobbit]

@@wantsome-zs5sq Practice Practice Practice

[@MarcoMasseria]

Hi Ms Tulip. I understand why you want to think this. You want to feel safe. You want to feel okay. You are not safe. You are not okay. No amount of delusion will make it so. If you live in the lower 48, you are not okay. If you live in Alaska or Hawaii, then you are done for and it's not worth considering. Think it thru. At any moment, the undesirables can drive to your location and be amongst you. Are those around you prepared to do the unpleasantness to maintain order? It's gonna get REAL 1820's.

[@AR-ilire]

Nothing wrong with preparing but focusing just on that does not get you far. Keep growing regardless, keep pushing forward. Move away from fear. Watching youtube videos can become an addicition and lead to procrastination.

[@ellaaysun6181]

I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

[@MafArdoleda]

I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

[@emmabeyza6036]

I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes What about you??

[@aydin6219]

Been debt free for two years thanks to Stephanie Janis Stiefel. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.

[@ryancihet555]

My sister lives in Aussie. They have good healthcare better than America. I am also moving there after I retire.

[@DhaliaKaimkhani]

Please stop gentrifying countries

[@gimcrack555]

Take yourself out of the equation, just be invisible. Been minding my own business for years. I'm self-sufficient, so I just take care of myself and ignore what's going on around me. Know my surrounds and stay out of everybody else's business. This kept me out of trouble for years and if you can't see my circle, than I don't exist.

[@Imyourchuckleberry]

This is good advice for people who can accept their lack of sway in the outside world. I say let them figure it out the hard way

[@ib1ray]

I try to do this as well. Just stick to myself and make sure I can live below my means while trying to put some money away into my investment fund here and there....

[@dustinsmith4068]

I’ve learned something by watching finance/economy interest videos. Not a single person is consistently worth a crap predicting what will happen. 3 or so years ago this gentlemen and others were warning of deflationary scenarios. Economics are kind of like astrology, or climate “science.”

[@volkerengels5298]

One compares astrology and climate science on the same level. One makes his dumbness public.

[@Leroykang2001]

@@volkerengels5298may have meant astronomy

[@volkerengels5298]

@@Leroykang2001 ...would be even worse. :) ....the quotes around "science" - dude prefers witchcraft?

[@Leroykang2001]

@@volkerengels5298 ahh, just reread it

[@well.thy.one.]

There's a lot of nonsense presented in the name of science. I'm guessing that's what he's referring to

[@Goliad_Respector]

Living in South Texas, the first, second, and third Gen immigrants will buy a $75,000 truck and rent a shack; but what scares me is that as we have one Mazda 3 and run a small business and do all the right things and keep our mortgaged home up (we’ve had multiple attempted break ins already) and you feel the hatred… We’ve just imported another 30-40 million new debtors the last 4 years and as that separation continues like we talk about as they demand more and more “help” from govt… are they going to let us keep our assets? UE might say, “what if???” And that’s true. All we can do is position ourselves in the best way possible considering what we know. We are trying to buy a home in Oklahoma right now. We are praying and hoping. People who don’t live in a majority non-American area have no idea how blessed they really are, crime is out of control.

[@vcash1112]

Thank the Democrats!

[@PFC_Kachowski]

1.) You shouldn't hate on immigrants when they are still the back bone of this country's agricultural and blue-collar work force. All of the groceries you purchase have been picked or packaged by someone who most likely immigrated here. 2.) "imported another 30-40 million new debtors..." is a crazy statement when they only immigrate here because the US gov. f*cked up their countries in the first place. 3.) I hate to break it to you, but moving to Oklahoma or moving to a "more American" (white) area isn't going to save you from what's about to happen. You're still going to have armed break-in attempts, but it'll be by people with your same skin tone. Also, if you don't have U.S. citizenship, you can't benefit from US welfare programs. If you're not paying taxes, the U.S. gov. does not want to help you. So the hate that immigrants receive is completely unjustified, they're just easy targets for Trumpian politicians.

[@robertcook9264]

​@@vcash1112in texas?

[@mikeborrelli193]

​@@robertcook9264 Yes, In Texas. The border falls under Federal Jurisdiction and the majority of illegal migrants typically stay in or close to border states..

[@angelaj8958]

They bring third world mentality with them. They are not prepared to live the way we live, just want the stuff.

[@shanejones578]

“There are rumblings of troubles in the far provinces; but here in Rome all of the fish ponds are beautifully stocked”

[@jthepickle7]

" ...and all the sewers are filled with fat fish."

[@olivier97]

As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Milton Harper insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!

[@olivier97]

He's mostly on Telegrams, using the user name.

[@olivier97]

@MiltonHarper

[@Natalie45152]

Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!

[@GilbertoLucchesi]

I appreciate the professionalism and dedication of the team behind Milton’s trade signal service.

[@StevenBrown142]

I have seen so many recommendations about Milton Harper, his strategy must be good for people to talk about him.

[@belowfray5251]

Equity is being stolen by property tax. Taxing you on unrealized gains

[@dustinsmith4068]

Yep. No one owns real estate in tue Us. We are leasing through the government. Prop tax are worse than unrealized gains because even if the real estate doesn’t go up in value, we still pay.

[@saeedhossain6099]

sorry, but local property taxes goes to local services. if you dont want to pay for those services, live a lifestyle that doesn't necessitate those taxes, ie live in unincorporated areas that dont get services, dont have kids, live on well water. issue is this strategy tends to drive underperforming housing assets because people tend to buy into communities, not houses. if you can live on unimproved land, even in high cost states like NY is completely possible, but quality of life may take a hit.

[@robertw1871]

I love people who believe they “own” their home… laugh every time I hear it, before reminding them they are renting from the government… It’s especially funny when they bought their house for $75,000 and now it’s appraised for taxes at $1,300,000.00 and they can’t afford the rent anymore…

[@paulawagstaff686]

I am not as obsessed with spending all my tine chasing money. I serve a different GOD, I am free.

[@robertcook9264]

Why are you on an economics channel then? Just to wave your cross at us?

[@kalebkizmet7514]

Love it!

[@Mike-n2f8k]

I don't serve any god, I am free. You are a slave to your religion.

[@pnwoods]

@@robertcook9264 When the One who keeps your heart beating calls you to accounts, you'll deeply rue denying He who willingly hung on it. As a matter of fact, I'll wager you $#*+ your pants.

[@infotechsailor]

God gave you a body and a brain so you can contribute to society. in return for your contributions society will exchange money which you can exchange for the life hours others traded for services and products.

[@jessicaqu]

Haven’t watched you in years. Glad your channel has grown so much. Congratulations

[@UneducatedEconomist]

Thank you 🤙

[@thomasstephens4954]

I started tractor mowing small ranches till it's. Now my main income I have 3 side hustles, which keeps me out of debt.

[@michaelkaer]

I purchased a used riding lawn mower for doing neighbour's lawns this year. I had to do repairs to it and now it is running just fine. I have 2 clients lined up with maybe a third just on my block. I also got a push mower and weedwhacker so I can do a complete job. I can fix bicycles on top of that. The more side hustles the better.

[@sandro3796]

Warren Buffet once said "show me an extremely wealthy economist".

[@plantmanstudios]

Business isnt the same as economist. Businessmen study business. Economists study the relationship between producer and consumer

[@Paul-d2y8s]

You didn't answer the question. ​@@plantmanstudios

[@chesapeake566]

Buffett was wrong. Sixteen of the world's top 100 billionaires have Economics degrees.

[@bradmartin4253]

I’ve listened to the UE for 4 years. What a great dude. I have two bucket list items before I die.: A fly along in a fighter jet and a one-day hangout with rhe UE and my two sons. One thing I learned in a UE video a long time ago …. Just picture yourself at that place… the place that seems just out of reach. Imagine yourself there and think yourself there. With effort and sacrifice, you will get there and accomplish that vision. Thank you UE for creating so much great content over the many years. You are a beacon of light for so many of us.

[@UneducatedEconomist]

Bro... Thank you for the comment 🤙

[@IvorySugumar]

Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth.

[@WinniAltieri]

Many new tra-ders face challenges without proper guidance. I found success by learning from James Clark's expertise.

[@gmachlin]

​@@WinniAltieriExactly, that's why I always rely on Mr. J. Clark's guidance in everything I do.

[@thesearethefables]

I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?

[@JDiegoCC-zf3cd]

Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much

[@thefirm25]

Any specific guide. I'm from Georgia how do I go about this? I think I'm interested how can I get in touch with Mr J Clark

[@loki7389]

Yeah yeah gold and silver, but don't forget lead

[@shanejones578]

Lead first, water second, gold and silver 3rd.

[@kt6332]

I agree everyone has a different situation and they need to figure out how to position themselves. I got some good ideas from your videos like putting in a garden, learning how to can food, filled my deep freezer with wild game, and investing more into my stocks and ETFs. Best move so far was giving up gambling and putting that money down on my last credit card debt. So far so good! Thanks for your time Simon!👍👍👍

[@paroffice]

This is where I am right now. I save as much as I can, I've changed my mindset to be a saver, and no toys, no debt.

[@frankcastle2876]

Once Covid hit, we had to retool our business. It took three months and a lot of uncertainty, but we actually came back fast and now we are pushing business away. We now see it as a 'stress' test, and we passed with flying colors. We live well within our means. Our policy... ...NO DEBT.

[@Mr.Hygge_Bear]

I got a little piece of wooded off grid land, owner financed $400/ month on a 20 year note. Building small livable structures and planning on building a nice big house or cabin eventually. I started a lawncare business that’s turned into a home services business. So much opportunity in rural areas outside of populated cities right now for anyone who can do any kind of construction. I’m thinking about starting a business to build small houses/cabins for hunting properties. The money is great and my expenses are low. Only hard part is living in the country your commute is long and often unreliable but that’s built into my scheduling structure for the businesses.

[@oj9886]

Such a good approach . The way you explain things . Whenever I feel I “deserve “ something and feel myself Going into luxuries , I look at your videos and I become refocused .

[@Guanaalex]

I see this coming for a long time and it will unfold soon on a global level. My steps: #1 Reduce your fix cost to zero. (If possible) #2 produce a large % of your own power and heat through solar, have off grid capabilities. #3 Have cash and food for 3 months at least. #4 Have no depths. #5 Maintain a powerful local network of contacts & friends to exchange, trade, barter and small jobs to maintain max resilience.

[@Lloydbolsagrande]

I have always liked your content. I am very much like yourself, I was on my own from 18 years old. Lived with friends and in cars and in Mexico. Making it anyway and never never giving up. CHEERS my friend

[@BecamePneuma]

Jesus Christ is the only Truth

[@perthgirl1012]

And his Father. PSALM 83.18 KJV ❤

[@raymondkassay3610]

As is the dark lord

[@musingofacommonman]

You are delusional

[@63mrl]

The sloth tend to gravitate toward the densely populated areas thinking that where the low hanging fruit is..

[@HadrianAelius-m5s]

These clickbait titles are getting out of hand!

[@Arodefenitly]

The last few years have been Hard for me. recently i applied for a job, passed the checks and was accapted. i am scheduled a trial period next week and hopefully it'll be a stable ground to stand on and start with, to later develop and invest. i Appriciate the content.

[@Roberto-s3h]

US Government should think about all citizens who have out of control credit card debt with interest over 21%. This is a big problem.

[@jackmcandle6955]

I hear you on that, the interest rate shouldn’t be whatever the bank says, that being said I know a lot of people that charge for ridiculous things that they have no idea how they are going to pay for it. So they vote for trump thinking he’s going to save them .

[@mylesgreenwood]

Money is good now but what will you do when the promise note dont work ,

[@aprilnelly]

The side by side comparison, 2 people at the same job/salary etc. with different mindsets. One living in pleasure (toys, nites out etc), the other stocking cash and eating peanut butter....they both experience highs and lows, one on the way in, the other on the way out, of an economic downturn.

[@CoinRunner175]

Such a perfect analogy!

[@ronjoseph7973]

I’m 73 and have seen some pretty hairy economic times in my life. What you do with your money after you make it, is what matters. Stay away from crypto, precious metals, real estate, and equities. I’m 100% in short term U.S. Treasuries. We are in an “everything” bubble that will start with recession and then a reflation much like the lost decade of the 1970s. Most of you kids, only know the post great financial crisis economy, where equities and crypto have been king. Cash and liquidity in a crisis economy is of paramount importance. Remember, it’s not return on principal, but return of principal. With interest rates, taxes, and insurance, houses are a liability, not an asset.

[@whiterabbit3439]

Re. "Stay away fm precious metals"? A broad category. Gold is proven. Short term treasuries in part, but they will not protect you from significant inflation.

[@TORO.008]

Dude where do you keep your money? This coming administration is getting rid of the FDIC so think about it.

[@huskavarnapunkband]

doesnt your neck get sore talking / sitting sideways? my neck is getting sore watching this. LOLOLOL

[@kelseyc.3797]

Handy men make no living when the shit hits the fan economically. When people have no money they dont pay for handy (unnecessary) work. Position yourself in the job market where people need you no matter what. Lots of shortages in critical infrastructure maintenance, and trades jobs that work in service to those with resources.

[@danlumsdon6615]

Just started listening tonight, I've been talking about this same subject since the late 90's. Not many people understand or even have an interest in this subject. but its very accurate. Currently we are in our own roaring 20's fueled by Tech, in the early 1920's (23, 24) with had a major pull back which came off a pandemic. This served as a spring board into the roaring 1920's and ended in 1929. This is why Construction is booming! We have a triple top in on the S&P500. which will hit fast & hard and correct out all high material prices, that's right we will see Deflation, 12 to 18 month. The current play is don't buy nothing, saving as much cash as possible. Because at the bottom you will need it to recapitalize into the next boom.

[@jltsoyowdycjltsoyowdyc1076]

What generally makes all economist correct in any prediction or forecast they make is simple… it’s time. As long as you disconnect time from any economic prediction, you will eventually be correct. Market falls 20% in a two week period… boom… there’s your collapse. … Market pops 15% in a couple weeks, there you have your market boom. Just pick one, stick with it, wait a while, and you will be a genius.

[@D4nnypery]

This channel is really awesome, thank you for your thoughts and advice.

[@donbrutcher4501]

The secret to having financial security is not in first figuring how to get more money! It is learning how to hang onto the money you are getting now. Don't make stupid lifestyle choices or you will always be broke regardless how much money you make.

[@mikehogan1827]

I like your point about finding a side hustle. And in particular, how it takes TIME to build the skills, processes etc to make money in such an effort. I think that many people get started on such an effort, but they lack the follow-through, the self discipline, to get to the goal line. I think people would enjoy hearing about what you do, and have done, to stick with your commitments.

[@kevinbenoit7167]

One VERY important thing that people especially AMERICAN’S should do to prepare economicly. Do NOT live outside your means and STOP trying to compete with the Jone’s with materialistic items. American’s like to be in dedit and buy things they do NOT need! For example I have a drier, but I do not use it. I hang my cloths. My electric bill is a lot lower and my cloths will last longer.

[@alexmattie5437]

As metal prices go higher it becomes harder to stack them up

[@vidnovoc9815]

We have to figure out a way that we can pay people who do real work, real wages. The financialization of the economy - they inflate, then deflate, inflate and then deflate, repeat until they have all the money and all the labor for free. Only they know when they will inflate and deflate, and so we always miss the boat. It is just a game that rich people play to take all your money and not have to work and do anything that is actually productive. Working people have to be very bright to actually get paid what they are worth and not have their labor completely devalued. Love the pep talks, but how many jobs does a hard working man have to have to make it in the economy. My grandfather stretched leather and my grandmother stayed home and he owned a house and had time off, healthcare, etc. We need someone who politically fights for people who do real things. God Bless.

[@poetmaggie1]

When the government panics because of its debt, SS, government pensions and pay checks will be reduced, or canceled or stopped "contemporarily"

[@coreyharn]

Great vid "S". Very insightful. I am always blown away with your ability to convey info....

[@user-gl9iz1bp1r]

Awareness buys time, time buys options - until it doesn't. Keep your overhead as low as feasible. Get some tools and learn to use them. Do most of my home and vehicle maintenance/repairs. Cook and eat at home. Same $$$ and put those $$$ to work for you. Remain aware and do your own thinking.

[@CA06917]

Thanks for being so real Simon.

[@stephenaccomando8427]

"The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else." ~ Frédéric Bastiat 🎯 Voluntaryism/Anarchism OR BUST! 😎☯️🖖🏻

[@badart3204]

Anarchism is a transitional period and that is all because “In reality the dominion of an organized minority, obeying a single impulse, over the unorganized majority is inevitable. The power of any minority is irresistable as against each single individual in the majority, who stands alone before the totality of the organized minority. A hundred men acting uniformly in concert, with a common understanding, will triumph over a thousand men who are not in accord and can therefore be dealt with one by one.” - Gaetano Mosca. Anarchists love to believe they are above it all but the reality is that they are crushed by organized forces every single time for a reason

[@ismaelcruz3315]

Merry Christmas! Thank you for your sobriety and the reality that you don't have to get high to have a good time. I've been clean for twenty-nine years and it feels good to think and speak clearly. Thank you, Jesus!

[@TheCANhunter]

The very few ultra-wealthy folks I know are really good at one thing. They strive to be the best at what they do and have very little competition. They are not generalists who "hustle" to make a dollar in one way after the next. They capitalize on one thing that they have honed for many years. For example, one guy distributes all of the CO2 in a major US city. Anywhere that sells carbonated beverages--restaurants, gas stations, etc--he is the guy. Decades of focused work towards monopoly in his industry market. He started as a ditch digger and slowly built his distribution network. As Peter Thiel states in his book, Zero to One, monopoly profit should be the goal of any enterprise.

[@gregorypotts431]

What good is money when the soul is being judge.

[@sion1677]

What good is the soul if it is suffering in this life? You need balance, money is a very good servant but it's a terrible master.

[@raymondkassay3610]

Just give you money to me and give your soul to the dark lord then

[@chesapeake566]

As a former software engineer and current AI investor, I'm convinced AI will cause the next economic collapse due to unemployment. Most people will be blindsided because they don't understand AI. If you interact with a computer all day you will lose your job in the next few years unless you are in the top 10% of your field. If you're white-collar, you're in danger. AI is already smarter than most people in most white-collar fields. And unlike previous workplace revolutions, you won't be able to transition to another job. Blue-collar jobs that require dexterity will last longer. All the AI experts know this upheaval is about to happen and are pushing UBI. It won't work, but that's a whole different subject. What can the populace do to prepare? I don't know. And neither does anyone else. There are a few post-labor economic theories and assumptions, but they can all be easily debunked because they have huge holes or faulty assumptions. I'm retired and have invested knowing this is coming, but I have technical knowledge that most people will never have, so your results would likely be different than mine. We're heading into uncharted territory. Good luck to us all.

[@therichbuddha3277]

Yes but just like in the agricultural revolution farmers learned to work machiney and in the industrial revolution workers needed to service the machines, now the white collar field will be maintaining the AI's.

[@setha360]

Very TRue AI will make all the women office jobs obsolete

[@michaelh6667]

That's why Ai needs to be regulated, just one reason.

[@chesapeake566]

@@therichbuddha3277 AI will maintain AI. Robots will maintain robots. There will only be a few very high-IQ individuals needed to verify things. And once we reach Artificial Superintelligence, we won't be needed. We won't even understand how AI "thinks."

[@chesapeake566]

@@michaelh6667 How do you regulate something that's smarter than any human? Hundreds of thousands of AI models all smarter than any human?

[@thehonestrealtor9070]

Silver is an industrial metal now. Stick with gold if you want metals

[@paddyoshocknasey8068]

Love your bingo side hustle... the old ladies must love you

[@UneducatedEconomist]

Yes they do

[@ZFK_VISUALS]

That was one of your best videos in years.

[@shawn57187]

I think a full collapse is highly unlikely in the US. More likely we have a mean reversion to global living standards (e.g.,More division between rich and poor, inability to fund social programs, infrastructure etc.) This will probably be facilitated through the increased automation, offshoring etc of jobs that we’ve already been seeing… plus a melt up as we print money and deficit spend over the coming decade. The coming years may be the last years where it’s reasonably attainable to be on the other side of the class wedge by acquiring assets etc. Respect to Simon for getting the word out there. Hopefully some take action to help themselves and their family.

[@markjamison9677]

I paid off my first house at 32 that made life a lot easier had rentals as well as my career now I’m retired with four incomes if you work harder for at least 10 years it makes a big difference in your life .

[@tonyperez4713]

My man, we got a fighter here. I'm on the same path building my business called Monarch Cyber Solutions. We do digital marketing, website management, and google workspace setup and management among other things. We're two IT techs with way too much experience and way too little patience with the IT industry as it currently is and we decided we wanted to work for ourselves instead of an employer. I'm not scared of the WEF's agenda because I'm preparing.

[@scribeofsolace]

Bro im in IT and I've been considering doing this as well

[@jacoblong6258]

Shoot I recently left my last gig as a data analyst. If y’all need another hand let me know 🙂.

[@richmikesell812]

At a certain point in my life, I put my assets into thirds. One third in metals, one third in investments, one third in cash - hoping that two groups might fall but the other one might balance out the other two. After 20 years, so far, so good. Remember that making money is one thing but, keeping what you have is also important.

[@thecookiechannel7083]

Always enjoy your posts. Thanks.

[@frederickfred2714]

There is a group of people that for religious reasons live completely independent of the outside world...they will survive very happily any economic problems ..

[@jonathanandrew2909]

I love hearing the rain in your videos!

[@wanderingmako]

If you're trying to make money through any means possible, look into the Pokémon market. There's little to learn, and it's something you and your son could totally get into with having a physical representation of markets. What cards go up, what go down? How is the graded market on the card vs. raw? You don't have to spend much money, or any at all. The best part is going to local card shows and watching the trades, or making some yourself.

[@noelkehoe8538]

The Enormous Amount Of Work You Obviously Put Into This Video Delivers SeemLessLy A Brilliant And All EnCompassing Summation Of All The Parameters To Consider To Really Get A Handle Of Ones Finance For The Short And Long Term It Gives One Wood To The Planks

[@sakiracadman5673]

We already has the collapse, we are in recovery mode.

[@northjerseykevin409]

You think so ? Real estate in my area is at an all-time high with almost 0 inventory and the stock market is close to all-time highs. In what way have we collapsed. I know I’m referring to economically. One could say culturally things aren’t good.

[@northjerseykevin409]

Great video. Good advice

[@sakiracadman5673]

@@northjerseykevin409 cool, lots have dropped in price like San Fran. The bank assets and the loans turned toxic when you saw silicon valley bank, as well as other regional banks went under.

[@MasonK9572]

The collapse will be hyperinflation. You either own Assets/Bitcoin or you’re poor.

[@eccentricccc]

When an uneducated youtuber making videos in his car is giving financial advise we are getting close to the peak.

[@o0GrayMatters0o]

37:31

[@UneducatedEconomist]

Lol,

[@ronaldshiffman9171]

I believe it is a mistake to discount a person's opinion just because his 'credentials' do not impress. My 'credentials' are not impressive but I am more right about the economy and other things than most. That is not to say I hang on every word of the Uneducated economist, but I have learned from him.

[@UneducatedEconomist]

I've been doing this for 7 years now,

[@o0GrayMatters0o]

@@ronaldshiffman9171 your profile pic looks like you barricaded yourself in a bunker with 500 pounds of beans and rice and am mo

[@tylericut2790]

Someone asks me if I know a handyman once a week, I was thinking same thing

[@robertcook9264]

My elderly neighbor called me this morning asking.

[@thorsrensen3162]

I have been moving into old silver coins, but everyone I know are laughing about my obsession with silver coins and only buys indexfunds.

[@sion1677]

Silver is a good investment, don't listen to people.

[@billstidams6658]

Do both.. diversify

[@dalehawkinson7217]

The rain is somewhat hypnotic, maybe people won't notice the U.S. 10-year Treasury at 4.6% & climbing.

[@xa3558]

Merry Christmas

[@genx7006]

If they had not announced they achieved AGI this year, I would say we have a chance in 2025. But being that AGI has been achieved, and they are already calling 2025 "the year of the layoff", we're pretty much doomed.☠

[@destroya3303]

Recession was incoming anyway based on economic indicator (like yield curve inversion and all time high P/E ratios of stocks). In terms of them "declaring" something, why take the word of corporations at face value? I don't.

[@CRYMEARIVER-S4]

This, folks, is how you get clicks

[@patrickmcvey72]

Absolutely correct! Quit buying up and trim down and live simple. Buy seeds

[@mikeborrelli193]

Plants you grow in the typical garden have very low caloric value. Many consume more calories working a garden than the vegetables return back to you.

[@mikeborrelli193]

Buy some chicks and a rooster.

[@patrickmcvey72]

Valid point but at the same time, I am retired on Social Security, so I have a certain amount of time and besides that I definitely know the difference between store-bought vegetables and fruits versus homegrown

[@solartime8983]

👀Excellent points U-Economist ✅ 1. Cash flow, MUltiple if able 2. Invest WISELY vast majority...that give better ROI than Inflation. 3. Permanently Eliminate all Bills where possible. No 'Payment plans' X 4. Only buy NECESSITIES if unsble to collect your own food** 5. **Buy few hectares of land.. so you can be self sufficient over years.🧑‍🌾 6. Repeat & ENJOY your INDEPENDENCE. 🎉🗽 Gotta be patient with L o n g Goals Love & teach those around you ... especially Children 🤠

[@aklb43]

401k is a lie. prove me wrong

[@raymondkassay3610]

Your right it's horrible! You don't get 40% of the gains. The book 401khaos explains how Americans are getting ripped off

[@Unlimited0X]

Why a lie? It’s a commitment and yes you have to wait until retirement but can always withdraw early if needed but also have to consider the penalty…but overall i think it’s great.. just remember markets move up and down but as long as you don’t withdraw it while the market is down then you are winning..markets recover

[@raymondkassay3610]

He is exactly right. There books that explain this like 401khaos. It's why there are so many wealth institutions for you to invest in. They use OPM others people money to make money. Your never fully invested to get divideds, you can't hedge your portfolio in a down market and you can't cashflow by selling options on your stocks. Plus the hidden monthly/yearly fees. On top of that there is an expense ratio you pay them for every 1k you make. The riskier the investment the higher the fees. On average you miss out on gains from 30-40%. Once you understand this you will learn to invest yourself and do exactly what they do.

[@haroldhunter4671]

Big Lie. Like the two farmers went halves on a cow. 1st farmer caught 2nd farmer milking the cow. 1st farmer say's hey what's going on. 2nd farmer say's this is my half of cow. 1st farmer says OK I'll kill my half of cow and your half will die. There is NO fair market, it is all rigged by insiders, like Social Security, Ponzi schemes, Chain Letters, Tulip Bulbs it all sounds good, and usually is to the first buying in and THEY are the biggest cheer leaders to get more to buy in.

[@aklb43]

@@Unlimited0X The buying power you put in, is the same when you go to take it out, due to inflation. its a glorified piggy bank. Do the math.

[@robertcook9264]

You are me and i an we. Meaning, been in your shoes, just a couple of decades ahead. My wife and I figured out random hustles and side money, when the lumber mills were down seasonally and economically. We saw the writing on the wall. We developed a seasonal business, that booms while the mill is slow. It was a rough start fir us, but when the economy collapsed in 08, we went full time with the side gig. Its what we live on now. But.. we also have a travel trailer to switch between locations as needed.

[@Adama-s7u]

Sincerely, if they remove private property and switch to cbdc’s …. There’s no preparation. Just live in a house far from the city. Self sustaining and that’s all.

[@alexmattie5437]

If you have to work everyday stack more gold and silver where you don't have to work if you can at least 1000 ounces of silver 100 ounces of goodwill make you lots of money on daily metal markets...

[@jthepickle7]

Rice & Beans & Silver & Dollar bills & Bullets & Spring water & Good neighbors & God. Here goes!

[@DungeonAesthetics]

I positioned myself perfectly in the middle of the downtown part of the largest city in my area, this should be fun

[@cheds1]

Come on guys! A guy sitting in a crap car and seems to have nothing telling you what to do .

[@uptoolate2793]

Listen handsome, I seldom comment on your channel. But I do listen. You are correct on all points. At 60 y.o. if I hadn't done the things you're describing beginning when I was only 20, I'd be destitute today. There's a little more too it. You must also make up for your mistakes. Id be a multi millionaire today if i had made no financial mistakes along the way. #1. Figure out what can work for you beginning now, not necessarily what grand dad did. I knew someone who made a fortune in Alameda California buying Victorian cottages, cleaning them up and selling them on land contract to navy officers. Most of the time, when the officer got a transfer, they handed him the keys!! That door was closed to me somi bought 2 families. I fixed them up and sold them at 7 years. #2 don't go into a partnership. Ever. Do it yourself or not at all. Wives want everything now and don't care about business partnerships. This turns husbands into bad business partners. #3 learn what you can fix and what you need a pro for. Find the right pro and treat him well. I don't dig wells or finish hardwood floors but i concurred my mild fear of heights and I do roofing when i need too.

[@abigailpmm1182]

You call Bingo! Fantastic! Fun as hell.

[@agrosyntrop]

And he does dropshipping to. Economic ninjitsu 😂

[@AeEa13_31]

THE REDISTRIBUTION OF WEALTH IS IMPERATIVE. HAPPENS WITHOUT ANY DOUBT. THEREFORE THE STOCK MARKETS CRASH. ALL OF THEM. AND SO IT IS! BLESSINGS!

[@deulavremotsuk3563]

The sky is falling, the sky is falling!!

[@UneducatedEconomist]

I can make it so you never have to hear it from me ever again?

[@eprofessio]

The economy is what we say it is.

[@jessicahayes9788]

I met my billionaire mentor in the early 2000s. When the real estate crash happened in 2006-2012, he taught me what to look for in regards to pattern "while " it was happening. I was suffering financially, but he needed to "show " me the "patterns" in order for me to understand. He's a brilliant man and a brilliant teacher Together with his children, we've been preparing for this crash we're currently in since 2015. This crash is a once in a lifetime crash which will dwarf the 2006- 2012 crash, the 1970s and perhaps the 1930s crash. We are ready.

[@krillansavillan]

The market would have to crash by 65% to get to 2015 levels. Hope you weren't sitting out that whole time

[@Artur-sw8er]

I'm glad i sold all my silver coins years ago. Having coins is stressful because you're worried about being robbed and selling them is not easy plus you're dealing with shady people. Never Again.

[@robertcook9264]

How many times have you been robbed?

[@brodyalden]

Thank you Simon

[@BecamePneuma]

Position yourself in putting your faith and Trust in Jesus Christ as your personal Lord and Savior

[@vex6559]

So...even if you get the skills, there's no guarantees it'll ever pay off. Programming for instance. Me and my closest were planning on cashing on of wfh dev. jobs. We learned java by heart and a slew of other tools and languages. Some of us got certs and degrees, some didn't. None of us could get hired... literally none of us. What makes it horrendously bad is the fact that what companies want to see is a person who can be a corporation in themselves...which beckons the question...if you're looking for people who can be the business, why wouldn't they...just started their own. These were all entry level jobs btw...the only offer one of the group got was being a glorified wiki editor and one was offered a spot literally sending a few emails every day. In the last round of interviews, they both got the boot. Now combined, the whole group bet around a quarter mil. in lost time, effort, etc. wtf was the point?

[@LilyGazou]

Should have bought land together and developed an intentional community.

[@nathanielcarreon5634]

What exactly is the situation in an economic collapse/chaos. Is third world living considered an economic collapse or economic collapse is only relative to your present lifestyle? Done everything humanely possible to prepare including a second passport and second house overseas. What else are we suppose to do

[@seditiouswalrus]

Been hearing this for 30 years, not here yet

[@racebanning6390]

Where have we been the last 20 years! Tell them cowards to bring it. Im so resilient, hardened, expectant, and they pushed me so far under the shadow of Gods wing they are powerless!!! I put my Trust in Him who made me , i fear no man , no calamity. My Lord is Able!

[@rukushee2294]

I bought a $2500 commercial rototiller after high school, tilled yards for 5 or 6 years and had it paid off before year 1, I’m constantly thinking of how to make money and was able to retire at 38 with a 100% passive income stream, even though my income is more than adequate for living I’m still thinking of ways to make more

[@silver-en7kl]

Collapse? The way u always talk up the dollar and the debt ridden USA economy I’m surprised u would ever think it could collapse.

[@Morgan-yl3ou]

It will collapse any day now Usa and Europe With mass depopulation in europe

[@ScarletKnightmare]

OMG that rain sounds relaxing. We've been in drought for years out east