Hey, it’s Dan. Welcome back. You’re watching. I allegedly. And you asked for him. You guys got him. Or Bob Kudla from trade genius and happy to be here. You know, we were talking as we were walking down here today. You know, Wall street dines as Main street dies. Is that what the theme pretty much covers? Thank you. We’ll join you again next month. Yeah. So much is going on in the world right now. And, you know, as we are under 180 days for the election and everything else that’s going on, we’ve got a lot to cover with Bob today.

And Bob runs a company called trade genius. And I’ll talk about them in a little bit. But let’s get right into it, man. The stock market, metals, everything right now are just crazy right now. Yeah. So now we’re kind of in this chop zone in May. So, so we had the inversion. We thought the market would sell off in March, but didn’t sell off till April. And now we’re in this May chop, and our expectation is a lot of liquidity is going to come into the market June, July into August. My personal prediction, what I’m hanging my hat on is that we’ll top anywhere between August 15 and the fed Jackson hole meeting that usually have sometime at the end of August.

And the reason being is that I’m not picking that out of the air, is that they’re running out of the ability to grow earnings per share. And this next quarter will be the last time they’re gonna be able to buy back enough shares of stock to drive that. Janet Yellen is also in a pickle here with liquidity. And then also a lot of people want to be out of the stock market for, I think, the most probably consequential election in United States history. So I think you’re going to see a lot of people, and I was joking with you, the Republicans want to have a pump because they want to.

If they fear a Biden’s second administration because they’ll be full on communists, and the Democrats want to have a pump because they, they want to show people how great they do. And so I think we’re going to get a pump and then we’re going to get a dump. And then I think that’s going to. And look, my view is that we’re kind of already in a recession. So, you know, we’ll be in a technical recession by fourth quarter of 2024. And the way the math works and all this is that we, our yield curve has been inverted now for over 500 I think 16 days, where it only happened two other times in history.

Once it un inverts meaning that the fed starts lowering interest rates. Is that 1929 and 1974? So both times we’ve had greater than 50% corrections in the markets, and we think we’re going to be due for a third one. And that, just so you guys know, that’s a deeper sell off than 2000 and 2008, which were in the high forties. So this is going to be a humdinger now. It’s going to be 50% from I don’t know how high. So we can literally have a blow off top here between now and August. So it could go up another 20% or something.

Crazy. Crazy. And then we could drop 40% from there. And so. Which would be 20% of where we’re at. Yeah, because we’re pushing up against, in the next couple weeks here, we’re pushing up against the march highs, which are the all time highs. And if we break, then we’re really going to guarantee a move up into August. Okay. If we don’t break them, then, Katie, bar the door. I’m wrong and you better start scrambling fast. Okay. So, you know, if, if you. Okay, you trade and you make money, whether things go up, down, sideways, I mean, I’ve always been amazed by it.

And one thing, Bob runs a program called Trade Genius, and one thing that I always say is come back on and we’ll offer the discount. But if you go to danlovestrading.com, Bob has set up a bundle and he’s got discounts and things like that where you can get access to Bob, access to Bob’s trading programs for options, for cryptos, for stocks, for pretty much everything. And you know. Yeah. And that discounts better than my store discount that you see normally. Even my, even the ones I have is normally as my discounts that we offer all the time.

It’s better than that. So it’s a really good program for Dan and it’s a good program for you guys. And I think you should take advantage of it. This market is going to get absolutely insane. And I think it’s going to take somebody with a little bit of experience here to help people walk through it, because it’s not going to be a simple matter of just going to cash or a simple matter is I’ll just short the market. The market. It’s going to look like an arrhythmia patient. Okay. That’s how, how crazy it’s going to get.

Okay. So we’re going to cover. Let’s gold and silver have done well lately. And do you attribute that to the negative news? Or do you attribute it just to people getting themselves a hedge? Or is it, you know, you have to look at everything. You got to look at all the countries buying gold right now. You got to look at Russia buying gold, China buying gold, and the central banks around the world that have purchased more gold lately than ever. Every time I talk about this, the next quarter, they buy more gold. So it’s. It’s, you know, do you think it’s going to go higher than it is right now? Oh, yeah, undoubtedly.

So China has. The Shanghai market now has taken over from New York. And so it’s difficult for now the money changers in New York and London to do these massive raids on the. On the paper market. So because the Chinese are actually taking physical. You know, you know, that’s why people find it hard to short bitcoin, because, you know, you have to settle in bitcoin. And now in China, if, you know, if you try to short the market so much, they’ll force your hand and force you to come up with actual physical to satisfy these short positions.

So that’s what they’re putting a bid under, gold and silver. And it’s just gonna get. Gonna get. It’s gonna get worse for them. But nothing. Nothing will survive once this big pops up. Nothing’s going to survive the initial sell off, but gold and silver will come out of this next market sell off in the best possible position to rise higher. Just like in 2008, 2009, gold and silver took off first. And that’s what’s going to probably happen here, because there’s going to be a loss of faith in all things fiat, all things feed up. Okay? Okay.

So you guys know how much I love gold and silver, and we’ve talked about that extensively. But one thing that we also talked about walking down here was the commercial real estate debacle that’s happening right now. You know, Bob with, you know, COVID did a lot of good and bad in the economy. A lot of businesses were started during this time. A lot of people made a lot of money that diversified and did different things. But, Will, is the office building dead right now? I mean, are you going to have communal office spaces where people get up, drive for an hour, go to work, and pay for parking and all that stuff? I think that’s really dead right now.

You know, and I think that you’re going to have, you know, people hate to go into the office. People are now admitting, I can’t stand the people I work with, and. But you’re seeing all these office buildings that are going for an absolute song. And last week, we covered on the channel how the tallest building in Fort Worth, Texas, Burnett Plaza, 40 story office building. That’s the big thing that everybody looks at. Three years of gold sold three years ago, sold for $121 million and sold at auction on Thursday for $12.3 million. So crazy. It’s secular.

And you heard of the rust Belt, right? When the industrial midwest just disintegrate it, this is going to be the glass belt. So all those towers that you see in all the inner cities are all going to be unoccupied for decades. And the big problem is, you know, how are they going to devolve these huge structures? Because a lot of them can’t be repurposed just in the way in which they were structured. But here’s the bigger problem you have here. Who in the right mind is going to want to live in a city where most of the population is hostile and underemployed and being ravaged by inflation? You’d be an idiot to work in the city.

And so a lot of companies, though, I think we’ve talked about this before, is that you have a lot of companies that absolutely don’t care if they’re. They put on a thing, you have to work in the office, but they really don’t mean it, because once those leases are up, they’re either going to negotiate them hard down or they’re going to shorten space. And like I said, I have a friend who’s retired CEO now, but he. For five years, when his employees went on to work from home and accelerated during COVID he decided not to bring them back in.

He found out the productivity was just fine. His employees were happier. He had lower turnover, ironically, because people got to live in cheaper places. Absolutely. And they also got to take care of their kids, drop them off at school and get those extra 15 minutes where they would spend an hour and a half commuting. Right. But he couldn’t. He couldn’t, um, he couldn’t even give away the extra space on a sublease. And he said, now he’s retired now. So in 2025, 2026, they’re going to. They’re going to renegotiate those leases. He said, we’re just going to give them up.

Calvin, Calvin Klein in New York just announced that they’re getting rid of multiple spaces that they have, cutting their office space for their corporate office by 40% right now. Yeah. So it’s just gonna be. It’s. It’s absolutely gonna be a nightmare. Which makes it worse is that the city tax bases are gonna collapse. Absolutely. So it’s gonna accelerate all these problems. And, and so, you know, you know, and plus, you know, if you think about it, is that if you have money and you live in these cities, you’re gonna be a target, you know, because people ask me all the time about what country should I move to? And I’m like, if you’re wealthy and you can live in a country that has a lot of poor people, guess what? You are the supplier of their wealth, because they’re just gonna go ahead and raid your homes and you don’t have the protection, and, and it’s gonna be the same in these cities.

Look, these city mayors act like they’re foreign countries, and so they have no problem just taking your wealth, and you’re gonna see lockdowns on rents. You’re gonna see taxes explode. Chicago is your biggest example of chaos. Chaos in real estate, because they. Real estate in Chicago hasn’t gone up in Cook county, hasn’t got up in decades, because. Because they just keep raising the mill rates on people, and it just, you don’t get any. You can’t buy a house in Chicago looking for price appreciation. Yeah, it’s just nuts. So, you know, and, you know, we’ve talked about security.

We’ve talked about making sure that you’re protected, but haven’t seen anything yet. I think. I think you’re going to look back at May of 2024 and say, those were, wow, those were really good times. And people are having a very difficult time right now, and they’re trying to figure this out. But, you know, as I was driving here today, I was hearing a news story about San Francisco and San Francisco real estate, where it’s 37.8% vacancy. I think it’s higher, but even 38% is catastrophic because, you know, when you think about, there’s no dry cleaners open, there’s no dress shops, there’s nobody.

No nail salon, no sandwich shop, no liquor store, no pizza place. You know, there’s no reason to go downtown to these areas and walk around unless you’re, you know, you want to rob somebody, you know, and it’s terrible. Yeah, it is awful. And, I mean, I used to run an office up there, and, you know, every night after work because, you know, I’m just up there visiting. You walk around the pier and you come back up, I think Columbus. Yeah, such a nice area. Such a nice area. Now it’s just like, you gotta be insane to want to do that.

But that’s just. That’s just number one. Number two is you have all the people retiring, too, so you don’t have the same. You know, everybody thinks this is a cyclical move. This is actually secular, for sure. Yeah, absolutely. So, okay. As far as the. Talked about metals, we talked about commercial real estate, residential real estate. One thing that you’re starting to see, and I covered this last week, and you’re starting to see pockets where people had lower loans, you know, get in with 5% down and things like that. In the south, there is a majority of states, Kentucky and state, Louisiana, states like that, that have Oklahoma states that are.

They have more people that are in negative equity where the mortgages are more than the house is worth. And that’s a. That’s a huge problem, too, because, again, you’re gonna see people just walk away from. From their homes. Yeah. And Fannie is going to allow people to take second mortgages out now, too. So just like in 2008, we never learned anything. But I’ll give you another stat that’ll scare the heck out of you. 40% of the Russell 2000, they don’t earn a profit. And so 40% of 2000 companies don’t earn a profit. That’s right. And what’s happening now is with credit tightening.

You know, they can’t paper it over by just keep getting endless loans. And they say a rolling loan never defaults. And so now they can’t roll these loans anymore. So that means companies gonna have to buy equity, sell equity to pay down these loans, which will devalue the company, or they’re gonna have to shut down, or they’re gonna have to get bought, or they’re gonna have to right size their companies, and that’s all gonna affect the entire, you know, indexes, you know, negatively. And that’s part of the thing that we don’t know what the Jenga blog is gonna just knock this thing over, but they’re just everywhere.

This is like a minefield. It’s like a black swan convention coming up. So. Okay. I love that. Okay. So there’s so much chaos that it could be anything. Anything. And, okay. The one thing that we’re seeing is credit tightening. You know, we talked about my friends and only foreclosure companies. And with commercial. I mean, think about this. Guys going to knock on some stranger’s door and post his house, take the photos, do everything you have to do on a foreclosure and how dangerous that is over a building, over a hotel, and all these other places where you can literally take a piece of tape, lick it, stand there from the street and nobody’s going to shoot at you or do anything or chase you in front of an office bill, it’s just not going to happen.

So. But these places now, the banks are, they’re tired of making deals with people. They are going to go out and they’re going to call these notes in like you’ve never seen before. Yeah, look, they make, they’re making 5%. They can lever up the cash they have and they can just by treasuries, they don’t have to deal with people at all. So it’s going to get to the point where the only person that’s going to be able to borrow money is going to be the federal government. So it’s going to get really, really, really interesting. And it’s a slow motion train wreck.

It’s just going to be next month, next month, next month. I was telling you, before we came on, there was an apartment building tower that defaulted. It got sold at the average unit price of 361,000 a unit. You know, I mean, that’s cheaper than what the homes are going for. Yeah, cheaper. Some then, you know, some of the construction costs too. And think of, you know, this is, this is getting crazy because when you can see office buildings go for 90% discounts and again, you have to have a reason to buy one of these places. And there’s got to be, you know, a vision for the future because it could take 10, 12, 15 years till some of these downtown areas even come back.

If they do, Detroit never came back. So here’s the thing that people don’t realize. Look at Florida, for example, right? Everybody ran to Florida. Cheap houses. Well, now the condos are getting, they have structural, new laws on structural integrity and people are like, hey, I bought this house, this condo for 140, 40,000. I’m getting $100,000 assessment, assessment to fix my place on top of the insurance company coming in and saying, hey, we’re jamming you on catastrophic insurance. So even where people that have tried to escape to cheaper areas are getting clobbered. Clobbered. So it’s, you know, and that’s one thing what people always ask me, you know, are you a real estate guy or, or a stock guy? I’m like, look, if I’m wrong tomorrow I’m in cash in real estate.

If you’re wrong tomorrow, you may be wrong to the rest, for the rest of your life. Absolutely. So that’s why I’m a stock guy, not a real estate. One thing that a real estate wholesaler friend of mine, Drayton, pointed out to me was, Dan, when you go to these areas that have a tremendous amount of listings, like Florida, look at the listing, look at what the HOA payments are for that house, because you’re seeing where the HOA payments last year were 900 and now they’re $3,400 a month. And some people are looking at places that they will never be able to afford.

And I had, I just did this on the video yesterday where a man lived in Montana, paid his house off and said, I never, I always thought I had my house paid off. And then they kept raising my property taxes from $836 a year to now 8000. And the guy’s an old man. I have to go, go back to work because I cannot afford my property taxes. Well, another thing happens, too, is it has happened in 2008 is where a lot of people in the condos, you got to find out who owns these condos, because if they all start defaulting, the condo expenses remain.

So you may get double, triple, quadruple assessed because all these people defaulted on their properties and they’re stuck in bank hell. So there’s a lot of things to worry about. And I think, I don’t think, and this is the problem most people have. I have it with listening to people that trade with me. People with real estate is, people don’t understand second order effects. They only see what’s in front of them. And I’ll give you an example. Just like, if you go to Airbnb, you see the headline rate, like, well, that’s damn cheap. You know, I’m going up to Tahoe in two weeks.

I got a place, dollar 240 for a night at a really nice place. And then when I got to the bottom of it, I was paying $500 a night because of the clean deposit and the key deposit. And, oh, we’re going to give you a clicker for the garage door. Yeah. So you get these second order effects. Same thing happens when owning a home. People don’t understand what they call the full ownership cost of real estate in it. And plus, it’s just the mind, you know, it’s mind numbing, too. You have somebody, and then what if they decide not to pay you, you know, and then you got squatting issues.

So that’s just one thing. And that’s what a lot of people’s wealth is tied up in real estate. The government will suck your profit out of your house to save their county and city their, their, their paycheck. It’s happening. I guarantee you they will suck you dry to stay alive. And in the stock market. We have so much leverage in the system right now that it’s, it won’t take much to push it over. But on that side note is that there’s a lot of opportunity in this volatility. And so, you know that people always ask me, why are you so calm about all this? Because when this thing rolls over, you can make a lot, a lot, a lot of money in a short period of time by just going with the flow.

Now, we’ve talked about this before, but Bob set up a discount for his trading platform, tradegenius. If you go to danluffstrading.com comma, use the link below. And Bob has bundles that he’s put together. And you can take advantage of this. And there’s different levels that you can buy in at, and you can get full access to Bob. They have a chat room. They have cryptos options. But, you know, and Bob shares his trades, too. So the advantage to this is that you get access to this. And again, whether it goes up or down, I’m always amazed.

And I’ve seen, you’ve sent me so many examples of success stories of people that just want to, hey, I just want to do this with a few hundred dollars. And the people have made money. People were tired and they wanted something on the side. And I was funny. As I was driving here, a buddy of mine called and said, wow, I wonder, could you, could you start with $1,000 trading? Once you get set up, and you’ve given me examples of that, and then you’ve had some heavy hitters. I mean, we’ve had everything that’s tried it. But check out danlovestrading.com dot.

Yeah. And there’s some really interesting products coming on the market now. So, you know, when this rolls over, tech’s going to get hit pretty hard. And so, and Tesla, I think, is a doomed company because the EV, the whole EV experience is starting to collapse. Well, there’s these funds out there. Some of you guys will know them. They’re called Yieldmax funds. And, and I’m in one called Crash, which is a great name, cRC, Crsh. And it’s designed for when Tesla, when Tesla rolls over. But what they’ve done is it’s designed for high yield. So they create these synthetic positions long and short, and then they have hedges around them, and then they have their own treasuries.

And whatnot, but everything’s transparent on it. You can find out what they own every single day. But the yields on these things are absolutely wild. You can buy, you can buy longs on square, on coinbase, on, on microstrategies, which I own all those because I’m expecting bitcoin to probably top out at 100, 120,000 for this thing. Rolls over, you’ll, you’ll make a fortune. And these guys last year, some of these yields on these things are scary. I think microscopy strategies was 136% yield on owning this. And they pay out monthly microstrategies. I love what’s his name off the top of my head, the CEO, he did a, he and Frank Houston did a debate.

And Michael Saylor. Yeah, yeah. And he’s great. But that guy is Mister Bitcoin to say the least. So. So you’re in crypto, are you, are you into the coins, the meme coins, the dogecoins and the shib and stuff like that? No, see, that’s what I said. I don’t own real estate, I don’t own gold, I don’t own silver, but I own all the derivatives that generate income from me. So what I tell people all the time is that you’re not wealthy unless you can monetize it, okay, so, so I can have a $5 million house and I can be absolutely Deadpool poor, okay? And the only way I can become rich is I have to sell the house.

And so I like to own things that generate cash from me immediately. So, you know, golden. And you travel all the time too. I’m always like, are you in town? Please tell me you’re in town. Oh, yeah, I’m here. So yeah, you live the life, okay, now one thing you’ve always done that people say is, okay, energy stocks, you still believe in energy, still going to have oil is going to fluctuate. We’re going to see a lot of price changes with that. My biggest position, and look, ExxonMobil, I get a 15% annual yield on XML, the most stable company in the entire world, and they’re generating a 15% yield for me.

Okay? So I mean, it’s just, and that’s one of those, what’s the ticker symbol on that one? Xomo. Xom. If you want to own gold, you can get. And silver, they have the old, they have what’s called option call writing on those. So the key, the key to wealth is generating cash. Okay? So when I did my m and a work, you know, I talked at hand. Guys, tell me about all these things he does in the future. I’m like, yeah, yeah, yeah, yeah, yeah. How much cash you gonna generate? You know, so. And that’s all I’m paying for, is how much cash I’m gonna generate through these stocks.

If they can’t generate the cash, then I’m not interested holding, because I hope it’s going to double in two years. I want my money now. And there’s instruments out there. It’s a plethora of options. And this company that does these, and I’m not affiliated with them in one way, shape, or form other than profiting from them, is that they’re coming out with some short positions. Okay. Oh, that’s exciting. And so. And then I also TLT, and TLTW, which is giving me an enhanced yield, the long bond. Okay. And so there’s a lot of ways to play this.

I sleep well at night. Okay. So, you know, you rent it big into shippers. Do you think the international shippers are still gonna be a big thing right now, getting from point a to point b? They’re still rocking along. I load all my shippers I owned except for one. And then. But when I do roll over, I will sell all my shippers. Okay. And then. And those yields are eight to 15%. Okay. What do you think about, you know, FedEx and Ups and. And stuff like that, is that I haven’t traded them in years. Okay. Okay.

I was united to drive to Vegas last week, and I went by one of the largest FedEx shipping areas in Riverside county. And it was amazing because there were so many trucks there during the day that should be out delivering packages, and there were hundreds and hundreds of trucks. And I was. I wonder if I could pull over and take a picture of that. But it was off the 15 freeway. If you want to see inventory, just look at the Tesla lots. I was coming down to five during one of my many vacations at Dan says.

I take and off to the side of the road, thousands and thousands and thousands of EV’s sitting in the middle of Central Valley, Belgium. Can’t take on any more chinese EV’s because. Because their parking lots are full. The EV is blowing up. And here, us locally, here. My daughter is one of her best friends. Works at the Kroger automated warehouse up in, I think it’s Fontana or somewhere around there. And they’re buying albertsons. So we’re gonna. 163 stores are gonna get taken out of southern California. These are good pay and union jobs. Wow. They’re gonna get wiped out.

See, you know, when vons got sold, this is what happened. And we had two Vaughan stores in the city I lived, and they were both gone. And it’s. They’ve never been reopened by another store now. So it’s terrible. Remember, these are 80, and these are $80,000 a month real estate rents for these people that own these. These properties. And then here’s the other thing that happened. So let’s. Let’s say my. My local Albertsons. I don’t think it will. It’s pretty busy. If that shuts down, there’s nothing that’s going to replace that. Okay? Nothing. So everybody else in that complex has a clause in their lease saying if that.

If that anchor tenant leaves, they get rent reductions, because the only reason why they paid so much rent was because the way it was pitched to them is albertsons here. It’s going to draw people in. They’re going to bleed over and buy your stuff. That anchor tenant leaves. And I think I told you this before, in that same complex, there are people. And that’s the other thing. 40% of tenants in April delayed. They missed their five day grant. Absolutely. We covered that. Oh, you did? Okay, good. Covered that this month, because you just don’t see. People are not paying their rent.

People are. Credit card debt is exploding right now. I covered that yesterday’s video, Max. People are just borrowing more to get by right now. And I tell everybody, don’t get out of that debt cycle. Sell things. Do what you can to get yourself out of debt, because it’s. I mean, I thank my brother profusely for having me do this years ago, and it completely changed my life. And I had this conversation, and it. With a friend this morning, about how the peace of mind of not owing anybody any money is the greatest thing ever. Yeah. And some advice I’d give you is, if you think you’re gonna have to default, I would actually literally spend a little bit money and talk to a bankruptcy attorney, because you can get yourself caught in a fraud situation if you just were lackadaisical about how much money you made when you took on the credit card.

So. And also get the advice, pay for the consultation, because, you know, you could. You could jam up your cards and then walk away. And that’s called the fraudulent convention. And so there’s right ways and wrong ways about doing these things. And if you have to, you have to, but make sure you do it the right way so you don’t give anybody any wiggle room to accuse you of being fraudulent. Yeah, because they will. And the other thing is, if you’ve done anything with the SBA, any of the EiDl PPP loans or anything like that. Oh, well, the company went down for the count.

Make sure you’re okay and talk to somebody, get some advice, because so many people now are getting sued and that the feds are showing up and you’ve signed things, when you’ve got those loans that they had agreed to audit times and things like that, that they could go back for multiple years. So you don’t want a department of justice investigation after you for, you know, your business failure. A lot of SBA, a lot of sbas have you either cross collateralized or you take on a personal guarantee. So, yeah, yeah, Eidl loans, you know, I don’t know.

I don’t know what people were thinking. But. But the interesting thing about that, though, is that that caused a big spike in liquidity. We have now a negative savings. That money’s all gone. It evaporated. It evaporated in the hands of a very, very few, very, very wealthy people. And in and of itself, that doesn’t trouble me. It’s just that really wealthy people don’t create velocity in the economy. Okay. So, like, if you and I, you know, we’re sitting back and we get nervous, you know, I won’t go to cash. I’ll go to 90 day treasuries and get 4.5% of my money and just sit back, you know, and just watch and.

But I’m not generating any economic activity. Again. If you want to trade, you want access to him that’s worth doing and getting that. That input in your life. And, you know, okay, banks right now, we’ll finish it with this, the banking stocks. You know, as I was driving here, we’re talking about the real estate. They were talking about how there’s 31 banks could be in trouble. I heard 282 that didn’t pass the stress test. Now you’ve got 31 that are on the jet, that are in a jeopardy situation that could close. And I’ve had people write me over the course of the last week with banks.

I’ve never heard of these small little banks that have six branches, and people need to protect themselves because a lot of these places could go down. And what is your bank exposed to? Is it auto loans? Is it commercial real estate? They do something to generate income, and you need to know what the answer is. And if they won’t tell you, get out of there. Yeah. Especially if you own a business, you know, you could find yourself being an unprotected creditor and you can’t make payroll for your company. So you got to be really careful about, you know, how you, how you do those things.

Look, you got to go with the globally important banks, you know what they call them, the G fibs or the gsols, whatever it is, because they’ll be protected. Wells Fargo, bank of America, JPMorgan Chase and Citicorp. And there’s probably one or two others. They’ll be protected at all costs, but they’re going, and one of those could be in big trouble, but you could see it get taken over and merge with somebody else. Yeah, but yeah, they’ll need five or six of them, but everybody else is fair game and they want that too. You know, look, the federal government rather deal with fewer people that they can, they can have more influence over than dealing with a crowded crowd of 6000 banks.

So, and these small banks are in trouble because they have to take on, they have to take on less credit worthy clients because remember, you go to JP Morgan first because they have the better rates, then you find out, well, you’re not going to qualify. So then you go down to this credit union and they’ll hold their nose and they’ll take a shot on you, you know, and so yeah, the banks are going to be, when this thing rolls over, it’s going to be actually, there’ll be a short term gain on those because there’ll be a yield, a yield play there and then.

But long term pain, just have to look at what happened between 2007 and 2008. And the big hint you’re going to get, get, if you want to know when to absolutely get out of the markets is the first time Jerome Powell cuts rates. You’re going to, we’ve never avoided a market sell off in an economic recession after the first rate cut. Okay, so that’s, that’s when you know, if you delayed till then, get ready for the Black Swan festival. I love that. Okay, please take a look@danlovestrading.com. To get access to Bob, he’s put together all these discounts through trade.

Genius. He’s done this a tremendous amount of time and he is an expert in this. And his partners are great. They cover everything from crypto, stocks, options, metals, everything. They know it all. And you need to take a look at that, that interests you. Take a look at it today. Danlovestrading.com dot. Use the link, link below. And please do not forget to like the video. Please don’t forget to comment and again, when you guys send me questions, I send them over to Bob, and he loves those. So please feel free to reach out. And thank you, sir, so much.

Yeah, you’re welcome. You want to talk about sharia law loans? Yeah. Okay. You know what? I’ve always. People write me about sharia law loans. Let’s finish it with sharia law loans real quick. Yeah. So people ask you that, does the muslim community have it wrong? Because they don’t charge interest on a loan, but what they do is like a zero coupon bond. You actually are going to pay more back your principal, be higher than the money they give you. So it’s just, it’s a distinction without a difference. So if somebody borrows $100,000, they’re going to have a larger loan to pay back.

Yeah. Then they would, gosh, that’s kind of like, I did a credit card advance in my business like 20 years ago where they said, okay, we’re going to give you a 26,000, but you owe us 30. You know, so, yeah, it could be all in fees and whatever else. You don’t anybody fool you. Nobody gives money away for free. Okay. Okay. Please don’t forget to hit the like button. Please don’t forget to subscribe to the channel. Check out Bob’s got a podcast, too, on YouTube, trait genius. And email us. Hello@iollegedly.com. If you are on my email list, check your spam filter because one just went out.

And we will see you guys very soon. Thank you, sir, once again for being here. You’re welcome.
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