Latest / Earn Your Leisure / Cliff Notes: THE RECESSION IS HERE!

Transcript

Cliff Notes: THE RECESSION IS HERE! · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: On Friday, we will know if we are officially in
• 1:02
  Speaker 3: a recession. That's when the report's coming out. The White
• 1:05
  Speaker 3: House is already preparing for it. They're saying that just
• 1:08
  Speaker 3: going to change.
• 1:09
  Speaker 4: The definition, Yeah, Troy, that's like when it war from
• 1:14
  Speaker 4: thirty to ninety.
• 1:16
  Speaker 3: Yes, they're trying to pull a fifty too fast one
• 1:19
  Speaker 3: on us. So the recession, the definition is two negative
• 1:22
  Speaker 3: quarters of GDP. Now they're saying that that doesn't necessarily
• 1:26
  Speaker 3: mean we're in a recession if it's two negative quarters,
• 1:29
  Speaker 3: which obviously it will probably be two negative quarters. So
• 1:34
  Speaker 3: they're trying to what are they trying to do with
• 1:36
  Speaker 3: this situation.
• 1:38
  Speaker 5: He's the fear of people hearing that word.
• 1:42
  Speaker 3: Well, is there any validity to it? To play God's advocate?
• 1:45
  Speaker 3: As nineteen Keys was saying, is there any validity to
• 1:48
  Speaker 3: them saying, you know, because sometimes you know, sometimes just
• 1:52
  Speaker 3: because sometimes things are outdated, or there's always you know,
• 1:56
  Speaker 3: outside the rule and you know it might not traditionally
• 1:59
  Speaker 3: fit just because that's in the rule book. So is
• 2:03
  Speaker 3: there any validity to him saying, yeah, that's the definition,
• 2:06
  Speaker 3: but technically that doesn't necessarily mean that we're in a recession.
• 2:11
  Speaker 4: When they put out that statement, that's kind of like
• 2:13
  Speaker 4: when we get caught cheating as men and they were like, baby,
• 2:16
  Speaker 4: didn't nothing really happen? And she got all the evidence
• 2:18
  Speaker 4: lined up. Harder homegirls and went to the Instagram and
• 2:21
  Speaker 4: they got twenty two pieces of evidence, and you're still
• 2:23
  Speaker 4: trying to fight it. Here's what they don't want to say.
• 2:27
  Speaker 4: I went, I was on live the other night. Thank
• 2:29
  Speaker 4: you Mark Zuckerberg for bringing my count back. Appreciate you, sir,
• 2:34
  Speaker 4: for I went and looked at every currency, African ran,
• 2:41
  Speaker 4: Brazilian real, Bridge pound, Canadian dollar, Mexican paysol US dollar.
• 2:50
  Speaker 4: We are technically in a global like if what I
• 2:53
  Speaker 4: don't have the term for it. Whatever's in between recession
• 2:56
  Speaker 4: and depression. We're in that right now. The only currency
• 2:59
  Speaker 4: that us up todate right now it's a Swiss frank
• 3:04
  Speaker 4: out of every currency on earth, including crypto.
• 3:09
  Speaker 2: What does that tell you?
• 3:11
  Speaker 4: They don't know how to tell the people, man, we
• 3:14
  Speaker 4: messed this thing up really bad. We let quantitative ease
• 3:17
  Speaker 4: and run for too long. They're hot in the data
• 3:19
  Speaker 4: that forecloses are up seven hundred percent, you're to date.
• 3:23
  Speaker 4: They don't know how to say, hey, we did too
• 3:25
  Speaker 4: much quantitative easing, and now we're trying to fix it,
• 3:27
  Speaker 4: and we don't know how to fix it.
• 3:28
  Speaker 2: And the only way to get us.
• 3:29
  Speaker 4: Out of a recession after we cause this recession is
• 3:31
  Speaker 4: through more quantitative easy. On top of that, America has
• 3:35
  Speaker 4: not made enough for great companies. They haven't treated their employees. Well,
• 3:41
  Speaker 4: that's why everyone wants to quit, you know, like if
• 3:43
  Speaker 4: life is going to talk, let me live life on
• 3:45
  Speaker 4: my terms. Whatever is in between a recession and depression,
• 3:49
  Speaker 4: that's the layer that we're operating in. Go talk to
• 3:52
  Speaker 4: We talked about this before any of your party promoter friends.
• 3:56
  Speaker 4: Anytime when I'm riding in Houston, traffic is a lot
• 3:59
  Speaker 4: lighter than the few years ago. There's a lot more
• 4:02
  Speaker 4: commercial spaces coming up for sale. Please be careful, but
• 4:06
  Speaker 4: if you've been studying the market, this is the time
• 4:08
  Speaker 4: for you to get rich.
• 4:09
  Speaker 2: Make offer.
• 4:10
  Speaker 4: Some people will be hard fast and tell you why
• 4:12
  Speaker 4: I won't take this deal. Give it two months. People
• 4:15
  Speaker 4: are going to be begging to take your money and
• 4:17
  Speaker 4: everything that's automotive, real estate, digital art, everything.
• 4:22
  Speaker 2: People are going to want to do deals like crazy.
• 4:24
  Speaker 2: Even though I.
• 4:24
  Speaker 4: Thinks first tweet the one up as an NFT so
• 4:29
  Speaker 4: for one dollar it was supposed to go for one
• 4:30
  Speaker 4: point five million. Everything's going to be on sale pretty soon,
• 4:35
  Speaker 4: so some of you guys to make up a turn.
• 4:37
  Speaker 4: But whatever it is between depression and recession. That's what
• 4:39
  Speaker 4: we currently are.
• 4:41
  Speaker 6: I think it's going to get worse.
• 4:43
  Speaker 5: Yeah, I mean the announcement in itself is big, but
• 4:45
  Speaker 5: it's a big week. As you know, these big companies
• 4:48
  Speaker 5: are reporting, and so you want to see Amazon, and
• 4:51
  Speaker 5: you want to see Apple, and obviously you're going to
• 4:53
  Speaker 5: see Microsoft report. And so if you take those companies
• 4:56
  Speaker 5: and you know the percentage of the S and P
• 4:58
  Speaker 5: that they are and per centers of the dept. It's like,
• 5:00
  Speaker 5: all right, well we'll see is there are they showing growth?
• 5:04
  Speaker 7: Right?
• 5:04
  Speaker 5: Because if they're showing growth, it's like, all right, well
• 5:07
  Speaker 5: maybe there's a saving grace. So on top of that
• 5:09
  Speaker 5: report this this is a big week. This is a
• 5:12
  Speaker 5: big week.
• 5:13
  Speaker 2: But even think about that, we're saying when Trump was
• 5:17
  Speaker 2: in office, they came up with a term to say, hey,
• 5:20
  Speaker 2: only five stocks out of the rest.
• 5:21
  Speaker 4: Of the thousand are any good. We've been mismanaging our
• 5:27
  Speaker 4: intellectual property, research and development and outsourcing it for so
• 5:31
  Speaker 4: long that we technically have no advantage anymore as a country.
• 5:36
  Speaker 4: We're going to have to decide really fast.
• 5:40
  Speaker 5: This episode is brought to you by P and C Bank.
• 5:43
  Speaker 5: A lot of people think podcasts about work are boring,
• 5:46
  Speaker 5: and sure, they definitely can be, but understanding of professionals
• 5:49
  Speaker 5: routine shows us how they achieve their success little by little,
• 5:53
  Speaker 5: day after day. It's like banking with P and C Bank.
• 5:57
  Speaker 5: It might seem boring to save, plan and make calculated
• 6:00
  Speaker 5: decisions with your bank, but keeping your money boring is
• 6:03
  Speaker 5: what helps you live or more happily fulfilled life. P
• 6:07
  Speaker 5: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
• 6:12
  Speaker 5: Boring since eighteen sixty five is a service mark of
• 6:14
  Speaker 5: the PNC Financial Service Group, Inc. P and C Bank
• 6:18
  Speaker 5: National Association member fdic.
• 6:23
  Speaker 7: Erners.
• 6:23
  Speaker 6: What's up?
• 6:24
  Speaker 5: You ever walk into a small business and everything just
• 6:27
  Speaker 5: works like The checkout is fast, the receipts are digital,
• 6:30
  Speaker 5: tipping is a breeze, and you're out the door before
• 6:33
  Speaker 5: the line even builds. Odds are they're using Square? We
• 6:38
  Speaker 5: love supporting businesses that run on Square because it just
• 6:40
  Speaker 5: feels seamless. Whether it's a local coffee shop, a vendor
• 6:43
  Speaker 5: at a pop up market, or even one of our
• 6:46
  Speaker 5: merch partners. Square makes it easy for them to take payments,
• 6:50
  Speaker 5: manage inventory, and run their business with confidence, all from
• 6:53
  Speaker 5: one simple system. If you're a business owner or even
• 6:57
  Speaker 5: just thinking about launching something soon, Square is hands down
• 7:00
  Speaker 5: one of the best tools out there to help you start, run,
• 7:04
  Speaker 5: and grow. It's not just about payments, it's about giving
• 7:07
  Speaker 5: you time back so you can focus on what matters
• 7:10
  Speaker 5: most ready. To see how Square can transform your business,
• 7:13
  Speaker 5: visit Square dot com backslash go backslash eyl to learn
• 7:18
  Speaker 5: more that Square dot com backslash, go backslash eyl. Don't wait,
• 7:24
  Speaker 5: don't hesitate. Let's Square handle the back end so you
• 7:26
  Speaker 5: can keep pushing your vision forward.
• 7:32
  Speaker 7: Loas knows you've got a job to do, and we
• 7:35
  Speaker 7: help get it done. With the Milow's Pro Rewards program,
• 7:39
  Speaker 7: eligible members save more with volume discounts on qualifying orders
• 7:44
  Speaker 7: through a quote of two thousand dollars or more. Join
• 7:47
  Speaker 7: for free today Lows We Help You Saved. Offer can't
• 7:52
  Speaker 7: be combined with any other discount, contract end or a
• 7:54
  Speaker 7: special pricing exclusions. More terms and restrictions apply. Details and
• 7:57
  Speaker 7: Lows dot com slash terms subject to change.
• 8:01
  Speaker 4: If we are going to continue to copy and remix everything,
• 8:06
  Speaker 4: or if we're going to build and be the innovative
• 8:08
  Speaker 4: culture that we're supposed to be.
• 8:11
  Speaker 2: So with TikTok.
• 8:12
  Speaker 4: Going back to that, if they get a head start
• 8:16
  Speaker 4: on us and that becomes a pre eminent and I
• 8:18
  Speaker 4: don't want it to happen, but if it happens, it's
• 8:20
  Speaker 4: going to be the a cascade level event. Because even
• 8:24
  Speaker 4: if we talk about Evergrand venture capital in China, they
• 8:27
  Speaker 4: are facing a housing market crash as well. So it's
• 8:30
  Speaker 4: not just us that they're going through it, but it's
• 8:32
  Speaker 4: who is going to innovate and when this next comes in,
• 8:35
  Speaker 4: who is going to be the leader? Sometimes destruction is
• 8:38
  Speaker 4: called so new players can be the face and the
• 8:41
  Speaker 4: premium the leader that was not previously there.
• 8:45
  Speaker 2: Please please, please be careful. Yeah, we might have to
• 8:50
  Speaker 2: come with a new acronym.
• 8:51
  Speaker 6: Does Netflix deserve still be in that thing acronym that.
• 8:55
  Speaker 2: Come around the.
• 9:00
  Speaker 4: No, and I'm gonna go record Microsoft go buy Netflix too.
• 9:05
  Speaker 2: Before the detension is.
• 9:08
  Speaker 5: We got we got well, you know what, we gotta
• 9:10
  Speaker 5: come with a new acronym.
• 9:11
  Speaker 6: Please, Evergrade CEO resigns after two billion dollars a loon
• 9:19
  Speaker 6: came under scrutiny while the company has had four hundred
• 9:23
  Speaker 6: billion dollars in liabilities. Should we be worried about the
• 9:27
  Speaker 6: collapse of Evergrade, Yes, what is what is that? What
• 9:32
  Speaker 6: is that?
• 9:32
  Speaker 2: Grade?
• 9:33
  Speaker 4: Evergrant is the biggest real estate developer in China, So
• 9:39
  Speaker 4: if they go under or get anywhere close to it,
• 9:41
  Speaker 4: Remember we was telling you guys about this maybe I
• 9:44
  Speaker 4: know sixteen eighteen weeks ago. One of the things that
• 9:47
  Speaker 4: I'm looking for in the market is, of course internationally,
• 9:50
  Speaker 4: how they are doing.
• 9:52
  Speaker 2: And when you start to see the China you can
• 9:54
  Speaker 2: go YouTube or google it.
• 9:56
  Speaker 4: But China has some properties that they developed, the supposed
• 10:00
  Speaker 4: to house a million people and they have to move
• 10:02
  Speaker 4: a university inside of there to fill it.
• 10:05
  Speaker 2: That sounds a lot like two thousand and eight.
• 10:08
  Speaker 4: Then when you have misappropriation of funds and they have
• 10:11
  Speaker 4: a bunch of bad loans out. If Evergrand goes under
• 10:15
  Speaker 4: or collapses, what it will do to our market would
• 10:17
  Speaker 4: be devastating. It'll be worse than the two thousand and
• 10:20
  Speaker 4: eight crash. And because we owe China so much money,
• 10:23
  Speaker 4: they are our financial parent. If they go under and
• 10:26
  Speaker 4: they get sick, the United States of America will get
• 10:30
  Speaker 4: a flu. It's kind of like the one I have tonight,
• 10:32
  Speaker 4: which would be better by Thursday or Friday. So keep
• 10:36
  Speaker 4: your eyes, like if you guys want a macro economic indicator,
• 10:40
  Speaker 4: Keep your eye on that company because if that false
• 10:43
  Speaker 4: is like playing Jinger, If that bottom pin comes out
• 10:46
  Speaker 4: and everything tops over, it's going to hurt the UK.
• 10:49
  Speaker 4: They'll stay in a recession much longer. It will hurt
• 10:51
  Speaker 4: us dramatically, and it's going to flip over our house
• 10:53
  Speaker 4: and market. And I know people want to argue with
• 10:55
  Speaker 4: me about.
• 10:56
  Speaker 2: The housing stuff. Foreclosures are up seven hundred Inflation increases
• 11:01
  Speaker 2: the rates that people had before, they won't be able
• 11:03
  Speaker 2: to pay that same note. Look how much interest rates
• 11:07
  Speaker 2: have changed the payment structure for mortgages. We are in
• 11:11
  Speaker 2: some serious trouble.
• 11:13
  Speaker 4: If ever brand goes under, it could start at three
• 11:19
  Speaker 4: to a three or four year depression cycle.
• 11:22
  Speaker 2: We're not depression.
• 11:23
  Speaker 4: The recession cycle that we wouldn't be able to get
• 11:26
  Speaker 4: out of.
• 11:27
  Speaker 2: It'll be horrendous, but we're not that far from it.
• 11:30
  Speaker 4: And the crazy part, if that's the top tier player,
• 11:34
  Speaker 4: they've been misappropriating the fuss and there on a bunch
• 11:36
  Speaker 4: of bad loans. What is two through fifteen? And I
• 11:38
  Speaker 4: told you guys go look through two through seven to
• 11:41
  Speaker 4: see what they're doing. So when I be banging on
• 11:43
  Speaker 4: the table, and like YO, shoddy act crazy. No, I'm
• 11:48
  Speaker 4: trying to warn you because if people are invading your house,
• 11:50
  Speaker 4: you want me to be like yell, let's let your thought,
• 11:54
  Speaker 4: or you want me to scream. I'm not gonna scream
• 11:56
  Speaker 4: no more. I'm gonna let the portfolio talk. Tied of screaming,
• 12:00
  Speaker 4: said I was crazy, I'm beating Salensio. I'm telling you
• 12:04
  Speaker 4: if everbrand goes under, it's gonna be a contagion level
• 12:07
  Speaker 4: event that unlike anything we've ever seen. It'd be bigger
• 12:10
  Speaker 4: than Leman, be bigger than Washington Mutual. Uh any of
• 12:15
  Speaker 4: that in two thousand and seven. In two thousand and eight, be.
• 12:18
  Speaker 8: Careful my graduates from my school being forced back drop
• 12:25
  Speaker 8: bag drop, Mike, drop back drop drop.
• 12:40
  Speaker 9: Coach, the energy out there felt different. What changed for
• 12:42
  Speaker 9: the team today?
• 12:43
  Speaker 4: It was the new game day scratches from the California
• 12:45
  Speaker 4: Lottery players.
• 12:46
  Speaker 6: Everything.
• 12:47
  Speaker 2: Those games sent the team's energy through the roof.
• 12:49
  Speaker 9: Are you saying it was the off field play that
• 12:51
  Speaker 9: made the difference on the field.
• 12:52
  Speaker 6: Hey, little play makes your day, and today it made
• 12:55
  Speaker 6: the game.
• 12:56
  Speaker 10: That's all for now, Coach, one more question play than you.
• 12:59
  Speaker 10: Los Angeles Chargers San Francisco forty nine ers and Los
• 13:02
  Speaker 10: Angeles rams scratchers from the California Lottery. A little play
• 13:05
  Speaker 10: can make your day face play responsibly. Must be eighte
• 13:08
  Speaker 10: years or older to purchase play or claim