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The Terrifying Signs that confirms Real Economy Is Crashing · Earn Your Leisure

• 0:00
  Speaker 1: How do you know what's some signs to know that
• 0:03
  Speaker 1: the economy is bad.
• 0:07
  Speaker 2: Um one crime rates are going up like in light
• 0:11
  Speaker 2: of you know of everything that's going on we talked
• 0:15
  Speaker 2: about the q50 thing last week but if you look
• 0:18
  Speaker 2: city in major cities the crime rates are going up
• 0:21
  Speaker 2: and i talked to somebody uh yesterday they're like even
• 0:24
  Speaker 2: in juvenile detentions more kids are stealing.
• 0:28
  Speaker 3: Uh Not out of joy, but out of necessity. Well,
• 0:30
  Speaker 3: New York crime rates are down.
• 0:33
  Speaker 4: Shot the Mondami. Shot the Mondami.
• 0:36
  Speaker 2: But in other cities, crime is going up. Robberies are
• 0:40
  Speaker 2: going up. Burglaries are going up.
• 0:42
  Speaker 4: That's a sign.
• 0:43
  Speaker 2: Also, for me, I keep saying that the work ethic
• 0:46
  Speaker 2: of the elite and billionaires, it's scary. I keep talking
• 0:51
  Speaker 2: to one or two people maybe every other week in
• 0:54
  Speaker 2: the NFL or NBA who keep telling me they're not
• 0:57
  Speaker 2: making enough money. And they're at 35 and 36 and 39.
• 1:02
  Speaker 4: These aren't journeymen.
• 1:04
  Speaker 2: These are the second player on the team or they're
• 1:08
  Speaker 2: going to be first this year. Not making enough money.
• 1:11
  Speaker 2: They're in deals. They're investing. They are not underinvested. And
• 1:16
  Speaker 2: they're saying, well, I'm not making enough. It's scary as
• 1:19
  Speaker 2: hell to see. And lastly, I talked about it Monday,
• 1:25
  Speaker 2: but to see McDonald's down, Lowe's down, Netflix is down.
• 1:30
  Speaker 4: Like the retail sector.
• 1:32
  Speaker 2: Is getting smacked and everyone acting like everything is okay
• 1:35
  Speaker 2: and it's not. And there's no recovery period being given.
• 1:38
  Speaker 2: It's scary. Like Under Armour, even though it may not
• 1:41
  Speaker 2: be a fan in our culture, that's a mega business.
• 1:45
  Speaker 4: Under Armour has been underwater for five years.
• 1:49
  Speaker 2: Bond Mark has been down five years. As much as
• 1:52
  Speaker 2: they keep saying the yield has go up, if you
• 1:54
  Speaker 2: look at the long-term chart of the 10 year or
• 1:56
  Speaker 2: the 30 year, it's been down. It's been in a
• 1:58
  Speaker 2: half decade recession. It was almost entering a lost decade
• 2:02
  Speaker 2: for the bond market. But what about you?
• 2:07
  Speaker 3: You brought up a lot of good points. I'll say this.
• 2:09
  Speaker 3: I don't want to. This is a little hot take.
• 2:14
  Speaker 3: It's a hot take.
• 2:16
  Speaker 1: I was talking to somebody that owns a clothing store,
• 2:19
  Speaker 1: and they were saying that the clientele not really spending
• 2:24
  Speaker 1: like how they used to spend a lot. Look, I'll
• 2:27
  Speaker 1: tell you this. This is controversial hot take.
• 2:31
  Speaker 4: I got a hot take after you go. Go ahead.
• 2:36
  Speaker 3: When the street money is dried up.
• 2:38
  Speaker 4: Yes, it's a sign.
• 2:39
  Speaker 3: So when you see the street luxury spending slow down. Yes.
• 2:45
  Speaker 3: When you see the bottle service dry up, the strip
• 2:48
  Speaker 3: clubs empty.
• 2:49
  Speaker 4: Yep.
• 2:50
  Speaker 1: It's a trickle down effect. When you saw the, this
• 2:54
  Speaker 1: goes back to the 80s, right? When the high flying 80s.
• 2:58
  Speaker 1: When all the Wall Street, everybody, they trickled down and
• 3:01
  Speaker 1: they were buying.
• 3:03
  Speaker 3: A bunch of things.
• 3:03
  Speaker 4: A bunch of different alternative assets.
• 3:05
  Speaker 3: They were buying alternative assets. And it was money flowing
• 3:09
  Speaker 3: in Miami and New York.
• 3:11
  Speaker 2: Yep.
• 3:11
  Speaker 4: Chicago.
• 3:12
  Speaker 3: D.C.
• 3:13
  Speaker 2: Yep.
• 3:15
  Speaker 3: During COVID.
• 3:16
  Speaker 4: Uh-huh.
• 3:17
  Speaker 1: You seen, you know, however they was getting their PPP money, like,
• 3:24
  Speaker 1: when you start to see.
• 3:26
  Speaker 3: That level.
• 3:27
  Speaker 2: Yep.
• 3:29
  Speaker 3: Be more fiscally responsible? Early indicator. Yes. There's a street economy.
• 3:38
  Speaker 4: For sure.
• 3:39
  Speaker 3: There's an actual street economy.
• 3:40
  Speaker 4: It keeps a lot of America going.
• 3:42
  Speaker 3: No, it built Miami.
• 3:44
  Speaker 4: For sure.
• 3:44
  Speaker 1: That's something that nobody really wants to talk about. You
• 3:46
  Speaker 1: should watch Cocaine Cowboys if you're interested. Cocaine Cowboys... lays
• 3:52
  Speaker 1: out how that street economy built Miami. Miami skyline was
• 3:57
  Speaker 1: built off of that.
• 3:58
  Speaker 2: And regardless of the criticism of dude being at InvestFest,
• 4:01
  Speaker 2: they built a lot of Atlanta.
• 4:03
  Speaker 3: A hundred percent.
• 4:04
  Speaker 4: They built a lot of.
• 4:05
  Speaker 3: They helped out a lot.
• 4:06
  Speaker 4: A lot.
• 4:06
  Speaker 3: They helped out a lot.
• 4:07
  Speaker 4: They raised the value of Buckhead dramatically.
• 4:11
  Speaker 2: Brookhaven, it's a bunch of value that they created over there,
• 4:14
  Speaker 2: but that's another conversation for another day.
• 4:17
  Speaker 3: So when you saw... It's slowed down.
• 4:21
  Speaker 4: Dramatically.
• 4:21
  Speaker 1: And I'm hearing this from club owners, clothing store, because
• 4:25
  Speaker 1: these are the people that these people frequent, right? Clubs, restaurants, clothes.
• 4:31
  Speaker 1: When that element starts to be more financially, fiscally responsible
• 4:39
  Speaker 1: because they don't have the money, it's a telltale sign.
• 4:44
  Speaker 1: Everything else you said, gas prices, of course, everything else
• 4:47
  Speaker 1: that you said, 100%.
• 4:50
  Speaker 3: But the street index is real. It's trickling down.
• 4:55
  Speaker 2: I'm going to be super real. This year, I've had
• 4:57
  Speaker 2: more nightlife baddies than ever. Normally, you come to New York, yo,
• 5:03
  Speaker 2: you want to come through? Now it's, could you look
• 5:06
  Speaker 2: at my portfolio?
• 5:07
  Speaker 4: What do you think? I'm like, when did you start investing?
• 5:10
  Speaker 2: The second one, on every playing right now there's a
• 5:14
  Speaker 2: devout MAGA Republican who's asking me for financial advice like
• 5:20
  Speaker 2: I'm in Texas normally if you live in like Houston
• 5:23
  Speaker 2: is Houston but it's still in Texas it's still divided
• 5:26
  Speaker 2: I'm getting a lot of devout David Duke MAGA Republicans
• 5:32
  Speaker 2: asking me hey where should I put my money random
• 5:36
  Speaker 2: and I have no clue who they are scary as
• 5:38
  Speaker 2: hell when the Republicans come to Negrosito.
• 5:43
  Speaker 3: It's tight, boy.
• 5:44
  Speaker 4: The economy is tight. You're not going to Fidelity and Schwab.
• 5:48
  Speaker 4: You coming to me?
• 5:49
  Speaker 2: What?
• 5:49
  Speaker 4: Okay. Gotcha. You got three years. Do what you want
• 5:53
  Speaker 4: to do.
• 5:53
  Speaker 3: Three years.
• 5:53
  Speaker 4: You got three years.
• 5:54
  Speaker 3: That's a fact.
• 5:55
  Speaker 2: If you have to pick between Puerto Rico and Dominican,
• 5:57
  Speaker 2: the little area we're going to pick in since we're
• 5:59
  Speaker 2: doing beaches.
• 6:02
  Speaker 3: You want to stay on this PRDR thing, huh?
• 6:06
  Speaker 2: Well, media training is called a hook. You know, call
• 6:10
  Speaker 2: and response hook. So, next subject. Back to you, Rashad.
• 6:14
  Speaker 2: I'm going to get the text, not you. Oh, speaking
• 6:19
  Speaker 2: of Miami, real quick ad break. October 3rd, I will
• 6:24
  Speaker 2: be in Miami with my brother Bilal Little at Legacy
• 6:27
  Speaker 2: Con with Black Professionals Network.
• 6:29
  Speaker 4: I love y'all. I saw my brother Bilal today at
• 6:32
  Speaker 4: the exchange.
• 6:33
  Speaker 2: So on October 3rd, we will be doing an event
• 6:36
  Speaker 2: at the Hard Rock in Hollywood, Florida and Miami.
• 6:39
  Speaker 3: Congratulations.
• 6:40
  Speaker 4: Thank you, brother. I appreciate it.
• 6:41
  Speaker 3: Shout out to Bilal Little.
• 6:43
  Speaker 4: Yeah, that's my guy. Y'all got some events coming.
• 6:47
  Speaker 2: Up, too.
• 6:48
  Speaker 5: Go ahead.
• 6:48
  Speaker 3: Yeah, we'll wait.
• 6:49
  Speaker 1: We got time. But we will be at Afrotech, though.
• 6:52
  Speaker 1: I want to support her. Shout out to Morgan. She
• 6:54
  Speaker 1: a real one. Afrotech, Houston, Texas.
• 6:58
  Speaker 3: Pull up, man.
• 6:59
  Speaker 1: Support the real. Morgan is one of the smartest people.
• 7:03
  Speaker 1: She's one of the smartest people, and she's one of
• 7:06
  Speaker 1: the realest people. Like, you know they say, like, look,
• 7:10
  Speaker 1: she's realer than a lot of dudes.
• 7:12
  Speaker 4: Oh, for sure. 5'2.
• 7:14
  Speaker 3: It's crazy.
• 7:15
  Speaker 4: Smart.
• 7:16
  Speaker 3: 5'2 woman is realer than a lot of these dudes.
• 7:21
  Speaker 4: For sure.
• 7:23
  Speaker 3: 100%, by the way.
• 7:24
  Speaker 4: Another person.
• 7:25
  Speaker 3: 100%.
• 7:26
  Speaker 2: Increasing her output like crazy. I watch all our content.
• 7:30
  Speaker 2: New series coming out. Kevin on stage. The interview y'all
• 7:33
  Speaker 2: did with him was fire.
• 7:34
  Speaker 4: All the creative. Mojo Brooks. Mojo selling out like crazy.
• 7:38
  Speaker 2: Everyone's creating and doubling down and tripling and quadrupling down
• 7:43
  Speaker 2: on everything. Because everybody is getting the same message about
• 7:46
  Speaker 2: three years. I told you, when I get back to
• 7:49
  Speaker 2: the suit, I own a suit in blackout.
• 7:51
  Speaker 4: It's all business, you know. Money season.
• 7:53
  Speaker 3: When you see Ian in the suit, that's an indicator.
• 7:56
  Speaker 4: I told you.
• 7:56
  Speaker 3: That's an indicator. Made my rounds. Hey, go to GTS.
• 8:00
  Speaker 4: Trade boss. I made all the rounds today. Kristen, cool.
• 8:04
  Speaker 4: ETF Central, everywhere.
• 8:06
  Speaker 3: Cool.
• 8:07
  Speaker 4: Make the rounds.
• 8:08
  Speaker 3: That's a fact. Troy said she's actually 4'10.
• 8:12
  Speaker 2: Oh, really?
• 8:13
  Speaker 3: Yo, she's short.
• 8:14
  Speaker 1: She's short, but like I said, stand up. Stand up, man.
• 8:19
  Speaker 1: Shout out to Morgan, man. Stand up person right there.
• 8:24
  Speaker 1: Can we show the clip? Now, Mike, now we can
• 8:25
  Speaker 1: show the clip.
• 8:30
  Speaker 5: I stopped paying on everything. I stopped paying on credit cards.
• 8:35
  Speaker 5: I stopped everything.
• 8:37
  Speaker 4: I stopped everything. Was it from a money perspective or
• 8:40
  Speaker 4: you just.
• 8:42
  Speaker 5: I had probably $ 8, 000 to my name That's it.
• 8:48
  Speaker 4: I had a run with that.
• 8:49
  Speaker 5: I mean, his dad definitely been coming through, helping out
• 8:53
  Speaker 5: or whatever, but you got to think about it. You
• 8:55
  Speaker 5: ain't got nothing coming in. You ain't got no room
• 8:58
  Speaker 5: to be putting nothing out.
• 9:00
  Speaker 3: Right.
• 9:01
  Speaker 4: Right. I feel it. How's the relationship with the family now?
• 9:08
  Speaker 5: We're fine. We don't talk every day. His dad reached
• 9:12
  Speaker 5: out the most or whatever.
• 9:13
  Speaker 4: Shout out to Cora.
• 9:15
  Speaker 5: Yeah, Cora definitely reached out the most. He get the
• 9:17
  Speaker 5: kids all the time. Make sure they straight.
• 9:20
  Speaker 4: They need anything.
• 9:20
  Speaker 5: He called every day last week.
• 9:24
  Speaker 4: Check.
• 9:27
  Speaker 1: Okay, so that was Rich Homie Kwan's mother of his
• 9:31
  Speaker 1: child and his girlfriend.
• 9:33
  Speaker 3: His girlfriend who is also the mother of his child.
• 9:37
  Speaker 3: His family.
• 9:38
  Speaker 1: Essentially, it was like his wife, but they weren't married.
• 9:44
  Speaker 1: Unfortunate situation. She said that she wasn't even thinking about
• 9:47
  Speaker 1: life insurance. She said that she was left with.
• 9:51
  Speaker 3: $ 8, 000.
• 9:52
  Speaker 1: This is a multi-platinum, multi-platinum selling artist, right? Lifestyle, different,
• 9:58
  Speaker 1: multiple records. Left with $ 8, 000. That's hard work. And she
• 10:03
  Speaker 1: had to stop. She said she just stopped paying bills.
• 10:06
  Speaker 4: You have a choice.
• 10:07
  Speaker 3: So, once again, unfortunate situation. But there's a few lessons here.
• 10:16
  Speaker 4: Okay.
• 10:17
  Speaker 1: Of course, I hate to beat a dead horse, but
• 10:20
  Speaker 1: estate planning is important. For sure. And nobody thinks they're
• 10:26
  Speaker 1: going to die. Especially if you're in your 20s, you're
• 10:29
  Speaker 1: in your 30s. You're in your 40s, really. The first
• 10:33
  Speaker 1: thought in your head is not, I'm going to die.
• 10:36
  Speaker 1: It's like, I have time to do this. Everybody thinks
• 10:40
  Speaker 1: that they have time.
• 10:41
  Speaker 3: Until you don't have time.
• 10:42
  Speaker 4: And then you don't.
• 10:45
  Speaker 3: And then you don't.
• 10:46
  Speaker 1: Estate planning. Vitally important. estate planning is extremely vitally important.
• 10:53
  Speaker 3: A will, a trust.
• 10:55
  Speaker 4: It's very important. I was just talking about this today.
• 10:57
  Speaker 4: Very important.
• 10:59
  Speaker 1: Because where'd the money go? I'm pretty sure he had
• 11:02
  Speaker 1: more than $ 8, 000 to his name.
• 11:05
  Speaker 4: You would hope so.
• 11:05
  Speaker 2: But given the industry that he's in and how predatory,
• 11:09
  Speaker 2: when I sat down with surf, he said an artist
• 11:11
  Speaker 2: has four major moments in his life to sell an album.
• 11:17
  Speaker 4: One is when you die.
• 11:18
  Speaker 2: And two, if you kill somebody, So if this is
• 11:21
  Speaker 2: the business model of, who said the Dare Rappers get
• 11:24
  Speaker 2: better promotion?
• 11:25
  Speaker 4: Was it J.R.R.
• 11:25
  Speaker 3: Styles?
• 11:27
  Speaker 2: If this is a part of the system that's been
• 11:29
  Speaker 2: going on for 25 years, I wouldn't be surprised if
• 11:33
  Speaker 2: on the contract side he didn't have more than that.
• 11:36
  Speaker 4: It's a predatory business.
• 11:37
  Speaker 3: More than $ 8, 000?
• 11:38
  Speaker 4: You'll be surprised, bro. A lot of artists don't have.
• 11:47
  Speaker 4: Why do you think they'd still be in the streets
• 11:48
  Speaker 4: and scamming?
• 11:56
  Speaker 2: Even if he had, let's say, 100 grand, to move
• 12:00
  Speaker 2: a million units, talk about robbery.