Latest / Earn Your Leisure / 7 Warning Signs the Economy is WEAKENING Right Now
Transcript
- 0:00Speaker 1: Yeah, we'll oil get to two hundred iran. That's they
- 0:04Speaker 1: saying that they're going to put a pressure on the
- 0:07Speaker 1: oil market and they're stopping shipping, but they're also bombing allectionedly,
- 0:13Speaker 1: who knows who's bombing who at this point, Like I said,
- 0:15Speaker 1: it's the spider man. Me will oil get to two
- 0:20Speaker 1: hundred dollars a barrow?
- 0:22Speaker 2: All right?
- 0:23Speaker 3: I get the concern.
- 0:26Speaker 4: If you look at so the all time high for
- 0:29Speaker 4: to stock USO was nine fifty three thirty six.
- 0:34Speaker 3: That was in twenty two thousand and nine.
- 0:38Speaker 4: If you look at the crew market, the all time
- 0:41Speaker 4: high was one forty seven twenty seven.
- 0:43Speaker 3: That was in two thousand and eight. The probability of.
- 0:46Speaker 4: US going to two hundred, for any person who is
- 0:51Speaker 4: in power, it's probably less than three hundred percent. If
- 0:55Speaker 4: a one twenty five to one point thirty is a recession,
- 1:00Speaker 4: two hundred would be like if they know snap level
- 1:05Speaker 4: to our fragile circular economy truth talks. So no, there's
- 1:13Speaker 4: a less than a three percent chance of it happening.
- 1:15Speaker 4: But if it does, your last concern will be futures
- 1:18Speaker 4: options or stocks, because that means we will be in
- 1:21Speaker 4: severe depression and there's a lot more levels in place
- 1:24Speaker 4: now than nineteen twenty nine. Even Trump, as a maniacal
- 1:28Speaker 4: as he can be, he doesn't want to see all
- 1:31Speaker 4: at one seventy one, ninety or definitely two hundred. It
- 1:34Speaker 4: will send a signal for a lot of people to
- 1:36Speaker 4: sell off everything, which will cause a completely collapse of
- 1:40Speaker 4: the market as we know, and they'll probably take eight
- 1:42Speaker 4: or nine years to recover.
- 1:43Speaker 3: So I don't think so.
- 1:45Speaker 5: I think his team as mina I like the word
- 1:50Speaker 5: maniacle as they are. They know that it can't get
- 1:53Speaker 5: to that level. We can't get through just from a
- 1:55Speaker 5: domestic standpoint, From a political standpoint, you know, this is
- 1:58Speaker 5: a midterm election, right and they're approaching the area. If
- 2:02Speaker 5: you have oil at those levels, you know that that
- 2:05Speaker 5: is the now selling point that will get you out
- 2:08Speaker 5: of position in the House and Senate m hm, and
- 2:12Speaker 5: potentially who knows, there'll be a new administration and it
- 2:16Speaker 5: won't be from your party if it stays, because they
- 2:18Speaker 5: won't allow it to get to this level. But if
- 2:20Speaker 5: it does, yeah, this is a catastrophe. That's a catastrophe, yeah.
- 2:28Speaker 1: Kenned, I mean it just depends on how long he's
- 2:36Speaker 1: he's forced to stay.
- 2:37Speaker 2: In the war.
- 2:39Speaker 3: Tell me more.
- 2:41Speaker 1: If he's not able to leave after the fourth year, well,
- 2:47Speaker 1: hopefully we leave way before then. But if he's not
- 2:50Speaker 1: if he's not able to leave, if he's not able
- 2:53Speaker 1: to leave, then it's going to not going to get better.
- 2:57Speaker 4: If he isn't able to leave due to other forces
- 3:01Speaker 4: and stuff.
- 3:02Speaker 5: You're talking about, like, we we're live, we're live, our
- 3:08Speaker 5: troops leave.
- 3:09Speaker 3: And there's still attacks on us.
- 3:12Speaker 1: If we're not able to leave the war, we're not
- 3:15Speaker 1: able to if we're not able to get out of
- 3:16Speaker 1: the war.
- 3:18Speaker 2: Yeah, that's what I'm assuming.
- 3:19Speaker 3: Right.
- 3:19Speaker 5: Let's say he says like we're done, but they're like,
- 3:22Speaker 5: now we're gonna steep continue attack American interests.
- 3:24Speaker 2: If we're not able to say that we're done, because
- 3:27Speaker 2: he might just say it and we might not be done.
- 3:30Speaker 2: Everybody answers to somebody.
- 3:34Speaker 3: Hey, true talks. Clip that up. Listen to what he's saying.
- 3:37Speaker 3: He's fitting in.
- 3:39Speaker 2: Nobody's bigger in the program.
- 3:42Speaker 5: Well you did say he's the exception, though, Trump, he's
- 3:46Speaker 5: not the exception.
- 3:47Speaker 3: He barely lieutenant.
- 3:50Speaker 2: He's really a lieutenant.
- 3:53Speaker 4: I know we can't say because we're live, but he
- 3:57Speaker 4: checking in all the time, check checking all the time.
- 4:03Speaker 4: What's that big homie every I'm not gonna get this canceled.
- 4:09Speaker 4: You talked, you see me A good morning America.
- 4:11Speaker 3: I love you.
- 4:12Speaker 2: Okay, but.
- 4:15Speaker 4: Senor to senior drum for d r U m p
- 4:19Speaker 4: F his real name. He checks in every week.
- 4:23Speaker 3: Yeah, okay, yeah, did.
- 4:28Speaker 4: You have anybody somebody that's a that's a fact.
- 4:34Speaker 1: It's chasing oil after geopolitical spikes historically a losing trade
- 4:39Speaker 1: once the initial panic fades.
- 4:42Speaker 3: Yep, dumb panic. Don't chase if it's not in your blueprint.
- 4:46Speaker 4: Like it's the same thing like with meme stocks for me,
- 4:50Speaker 4: Like if you you have a skill set to make money,
- 4:54Speaker 4: if it's not in your core, leave it alone. Like
- 4:58Speaker 4: you don't need to rotate to n F T. And
- 5:00Speaker 4: I want to be very honest with our audience. They'll
- 5:04Speaker 4: make something hot. Like think about corporate America. They pushed
- 5:07Speaker 4: us out of corporate America, forced us into entrepreneurship to
- 5:11Speaker 4: chase these shiny other trinkets that become available like NFTs,
- 5:16Speaker 4: like meme coins, etc. If you're not a proficient or
- 5:20Speaker 4: trader or a proficient natural gas trader, now is not
- 5:24Speaker 4: the time to chase. This would be a good entry
- 5:26Speaker 4: point to begin practicing, but it would be the same
- 5:28Speaker 4: thing as me saying, okay, well i'll see what you're doing.
- 5:31Speaker 4: I'm gonna start a YouTube channel and think I'm gonna
- 5:33Speaker 4: know algorithm time to post headlines like it's a science
- 5:38Speaker 4: behind that, right, It's the same science in different assets,
- 5:42Speaker 4: And every asset has its own temperature, its own personality,
- 5:47Speaker 4: and its own rhythm. That's why you have people that
- 5:50Speaker 4: were on the floor. They were just bond traders. They
- 5:53Speaker 4: traded crew, they traded wheat, they tried live cattle. It's
- 5:56Speaker 4: too hard to master off. So yes, if you have
- 5:59Speaker 4: not been practiced, isn't it I wouldn't chase it now.