Bad News For Black Friday And Wall Street
Summary
Transcript
In January, we’re going to find out. We’re going to get Black Friday numbers after Black Friday, obviously. But January, we get all of Q four. I know. Don’t take me seriously. Also, I’m on duty. We just sent two engines out on a fire, so I might get called. We’re going to play fire engine roulette. They’re all wondering right now, is the ninja going to get a call in the middle of his livestream? So let’s just stand by and see what happens.
All my firefighters and police officers chime in right now in the live stream. Comments okay, so we’re going to talk about Black Friday. It’s not going to bode well. This is out of CNBC. But you know what’s really cool for Black Friday? You can get ready for the real estate crash. That’s right, shameless promotion. How to prepare for the real estate crash. I’m going to put the link underneath, plus two bonus courses.
Yeah. And then obviously, the Black Friday deal for the solid silver loaded with XRP coin. That link is down below as and all right, cool. Here we go. CNBC. Bad news for Black Friday. Retailers cast out on holiday shopping with cautious guidance. Isn’t it neat how Toys R US closed their doors, went bankrupt, david’s Bridal closed their doors, went bankrupt, and now they’re reopening. Both of those stores are reopening.
And you gotta wonder, where the heck are they getting money from? It’s called your pension fund. I know it sounds crazy, but it’s true. That’s how all of these bubbles get blown up. Our pension money. You see, it’s a big scheme. I’m sorry, I’m going to digress for a second. But most people don’t know how this works. You see, the government gets you trapped in this thing called the income tax.
They go, boo. But to get out of tax, you can lock up your money with us, and if you try to get it out, we’ll penalize you and tax the crap out of you. So you’ll be scared. And so then we get this fund to do things with, to blow up things and fund wars and do all kinds of crazy stuff. And it’s true. It’s sad. That’s why I personally, I’m not telling you what to do, but I never put more than agency contributions, the matching contributions.
So I’m like, all right, fine. If I got to lock up a few bucks and they’re going to double it, I’ll play it in the casino. All right? Better than that, I became my own investor. I cared more about my money than other people that just like to rape you with fees, roll you over the coals. I don’t know if you know this, but I don’t like the current banking system.
Type one. If you agree, say I don’t like the current banking system. And because there’s four 2420 people on right now and 112 thumbs up, I want to thank you all for this wonderful moment of clarity. All right, here we go. There’s a dark cloud hanging over Black Friday. A slew of retailers have issued tepid cautious or downright disappointing fourth quarter outlooks over the past few weeks. It gets even worse than that.
I did a video on my brother’s channel. The Siamese twin doesn’t have his cool enough, really cool hair. Real estate ninja. Go check it out this morning. We have credit rating agencies now downgrading the three major banks wells Fargo, B of A, and Morgan. Why? Their reason now for downgrading the banks to negative, which is going to greatly affect their borrowing costs, right? Their insurance premiums. Get ready for that.
It’s because they said, now the government is so weak and in so much trouble, they’re afraid that the government’s not even going to be able to come in and backstop them during the next crisis. It’s that bad. Somebody walked in that I haven’t spoke with, right as I was hitting the start on this live stream and said, give me the dates. Give me the dates. And I’m like, I’ve been giving you the dates.
We’ve been crashing for years, and I hadn’t seen him in a couple of years. And he goes, yeah, but when’s it going to happen? I’m like, what do you mean? I’m like, since I told you to buy gold, gold is up $450 an ounce. Since I told you to buy silver, silver is up, like, $4 and $55 an ounce. He goes, yeah, but and I’m like, no, there’s no buts.
This is what it looks like. Credit rating agencies are already downgrading US. Debt, us. Banks. Banks have already crashed and closed their doors. FDIC is in crisis. I don’t know what else to tell you. He’s like, yeah, but when’s the date? I’m like, wow, you’re nuts. And he goes, how’s your portfolio looking? He knows what I did a long time ago because I told him, you should do this, too, as a budy of mine.
And I haven’t seen him in two years, three years. A lot happens in three years. And he still remembers those conversations. This is what crash looks like. And now you’ve got, like, this story in CNBC telling you that companies are coming out and saying, don’t be really hopeful about Black Friday results. This is serious. This is exciting. You still have time to get ready for this housing crash because it takes so darn long.
And the DoD Frank regulations that increase the amount of time it takes to foreclose on people only gives you more time. But the thing is, how many people are going to miss one or two credit card payments from now until when that time comes and they’re going to be out. Banks are like, we’re not giving you a loan. We’re not giving you a mortgage. We’re barely loaning money out right now as it is.
They still do, but they only go for the prime credit. They go for the prime borrowers. That’s what I’ve been getting you ready for, to become a prime borrower, because you’re going to take that money and leverage a crap out of it in the right entities where your Social Security number and your family wealth is not at risk. That’s what I teach people. Nobody teaches that online because it’s not sexy.
They also don’t teach real estate cycles, but when you get caught up in one, you always look back and you go, dang, I wish I was ready when I look at this story. A slew of retailers have issued tepid cautious or downright disappointing fourth quarter outlooks over the past few weeks, casting a paw over the critical, crucial holiday season. Right now, as they gear up for the biggest shopping day of the year, the companies, which include everyone from luxury goods giant Tapestry to big boxer BJ’s Wholesale Club, cited a host of dynamics that led them to reduce their outlooks or issue forecasts that came in below expectations.
Some, such as Best Buy and Nordstrom, cited the uncertain state of the consumer following months of persistent inflation, while others, such as Haynes Brands, said demand is simply drawing up for basic t shirts, socks and underwear as wholesalers look to keep inventories in check. Hey, I’ll tell you what. What I’m doing this year, and I think a lot of people should you want to buy your kids a present or a family, go buy them a silver coin now.
Not this one. If you want to invest in silver, I think it’s stupid cheap, right? It’s like $23, $24. What’s a coin going to cost right now? 25? $26. Not this. This is a collectible coin. This is like way more expensive. Don’t buy this as a gift. I’m saying you go out and you buy them a silver coin and then say, just hold onto it for five or ten years, it’s going to mean something.
Put silver in their stocking as opposed to a video game or something that’s only going to last so much. Or maybe buy them some crypto, which this one’s got XRP. Again, don’t buy this. This is a collectible. This is not. But like, you want to buy them a little bitcoin, put it in their wallet and say, here you go, here’s a paper wallet with Bitcoin on it. Here’s $25 in bitcoin, $25 in XRP.
I just went ahead and put that in there for you. Hold on to it. It’s going to get rocky. And I think this is the time to be doing that. Not buying them crap that they’re only going to use for a season. They’re going to outgrow it or they’re going to outlast it’s. Just frivolous stuff, right? Think about this. Think about a time when a grandfather or grandmother would have given their children at Christmas a silver quarter or a silver dollar in the 20s before the Weimar Republic went into hyperinflation, and that child could have taken that or a piece of gold and bought a home with it.
There are stories like that throughout history. I’m not saying that’s going to happen again, but I’m telling you that the purchasing power during the next crash of precious metals or cryptocurrency based on as opposed to the dollar is going to be a big deal. You’re not seeing the initial full on announcement of the recession, which does change, and you’re going to get to see this way more than what we saw during the Great Recession.
Again, I lived through that as an investor. Right. I was prepared for it, but I wish I would have been prepared more. You’ll be shocked at what happens when they officially announce, okay, we’re in a recession, and watch everybody panic. And you’re going to wish that you had cryptocurrency off the side, not going crazy right now and buying a ton, but you had some precious metals off the side and cash, because cash holds a very important purpose during a spaz out.
That’s really what it becomes. And people freak out and they sell cool stuff really cheap. List down below what your dream purchase is going to be, whether it be a car, a plane, a yacht, a house, or just food, quite frankly. But I don’t want you to think like a defeatist. I want you to think like a winner. All right? There’s a lot of people that want to run in the bunker and tell you if you’re not doing a million push ups and you’re not storing gold and storing food for the next ten years and hiding in a bunker, then you’re not going to make it.
That’s not true. That is not true. It’s absolutely not true. Should you have extra food? Yes. Should you have some gold? Yes. Should you be in balance? Absolutely. But you also have to have a mindset of a winner, not a loser, not a defeatist, because the population didn’t drop off the face of the Earth during depression, didn’t do it during the Great Recession. It’s not going to happen this time again.
It’s going to be bad, but all I see is opportunities. Now, all these stores, like we read from the CNBC article, are saying that they’re planning on this Black Friday not being good. They said if there’s one theme that captures the commentary, it’s caution. And while some retailers have been overly conservative with their outlooks, the resounding lack of confidence spells trouble for the holiday quarter and raises questions about the overall health of the economy.
You think this economy is in the tank, and it’s going to get worse because they’re lying to you. I mean, it’s crazy. They just told you that your insurance rates went down over 30% in October. That’s why inflation fell so much. They also said that people, the prices of consumer electronics and furniture went down. It’s because nobody’s buying it because they’re broke. But you see the government’s trying to lie to you and spin it while they are liquidating everything they got.
The government’s busy borrowing money it can’t afford to pay back, and Congresspeople are selling off their stocks. Do you know this? This is a very little truth that is never shared. When you are a Congressperson, you have to disclose any securities you buy or sell within I believe it’s a 28 day period. And if you don’t disclose it within that 28 days, I think it’s a fine of like $80 a month.
That’s an old law. That was when $80 seemed to be a lot. And just so you know, they would rather pay than tell you what they’re doing. But, hey, look at Warren Buffett. Warren Buffett is busy, and he’s not straight up telling you. He doesn’t tell you. I’m liquidating everything, baby. This is the greatest crash ever coming. We’re in the crash right now, and all of the people that are buying the securities that Berkshire Hathaway are selling are FOMOing in.
They’re not bright, and they’re going to be bag holders. But see, Warren Buffett doesn’t even come right out and say, oh, yeah, I’m getting ready for a crash. It comes out through his quarterly and annual mandatory releases of information. This is awesome. If you’re ready for it, how many of you wish you were ready for the last one? I learned the hard way, and even then, I sold.
I liquidated most of my homes, and I didn’t have a ton. I wasn’t a big baller 14 places back in what was it, 2005, I wasn’t a baller, but I was the biggest baller I knew because I didn’t hang out with more successful people. And that’s another thing that I regretted back then. And I learned, you see, when you hang out with successful people, it drives you. It’s like this healthy competition.
I got a bunch of buddies that it’s an amazing competition. And that’s what you need. You need to hang out with a different class, a different group of people. And I’m not talking about class as far as wealth. I’m talking about mindset. You could be pretty broke and have the mindset of a millionaire, and you’re going to be a millionaire real quick. You need to start speaking positively over self right now.
Wall Street’s speaking negatively, and nobody’s listening. This is right now. This news story had just came out on the front of CNBC. They’re warning you. They know what’s coming. I know it’s coming. Type three. If you know what’s coming, what’s coming is bad things to a majority of Americans. We’re trying to warn as many as we can. But you know what? We’re going to be here to pick up the scraps, and we’re going to buy all this stuff.
Say it with me. We’re going to buy all their stuff. We’re going to try and warn them. I’m trying. I thank you to everyone that hits a thumbs up. The other day, there was 200 views on a video in the first ten minutes and, like, 500 thumbs up. Weird. They’re trying to suppress it, but you know what? All we can do every morning is just get up and smile and go, I’m going to buy all their stuff.
I’m not going to let BlackRock buy it, not going to let Vanguard buy it. I’m not going to let the government take advantage. We’re going to take it back. The middle class, the poor and the middle class, we’re going to take it back, and we’re going to hold on to that wealth because they’re going to do some really dangerous, scary stuff in 2024 to get you to vote a certain way.
They’re going to lie. They’re trying their hardest to keep us down. But you know what? They’re not going to keep us down. Thank you, Vegas, for the super chat. And, yeah, that is my job. My job is to keep you guys pumped. Gentlemen and ladies, start your engines. It’s going to keep getting darker. Everyone that’s got some silver, everyone that’s got some gold in the last two years, you’ve made money.
You’ve made a great return. Anybody that’s got crypto, you’ve made money. Congratulations. Now the question is, are you going to be ready for the next big one? The big one is real estate. And the big one is going to be the arbitrage between precious metals and real estate. I’ve talked about it before. From 2008 to 2012, there was a 400% arbitrage opportunity in real estate to silver. There was over 200% in gold to real estate.
Are you going to be ready for it? It’s not financial advice. I’m not a financial advisor. I’m a dork. I’m a dude with a brohawk and a dream. And that dream is to be the greatest financial cheerleader of all times. Just a dude. Guess we didn’t get called for the fire, so hopefully this thing’s working. The economic ninja is out. Oh, I’ll put the link down below, guys.
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