Mass Layoffs Are About To Tear Millions Of Families Apart | The Economic Ninja
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In 2024. This year, towards the end of this year, you are going to start to see mass layoffs. This is going to tear millions of families apart. The number one reason for divorce is finances. I’m sure all of you can agree with me that marriage is hard enough as it is. Add financial stress, and it’s a whole new game. Many of us have spouses that don’t agree with how we look at the world right now.
And that’s a really hard place to be when you’re trying to prepare and get ready for this. You’re watching a crazy channel like this, and your spouse doesn’t agree, doesn’t understand. It can be a very dark time in your life. Trust me, I know. I know what it’s like. Because for the first seven years of me preparing for hard times, my wife thought I was actually nuts and she.
It caused trouble. Let’s say I’m gonna read two stories about the coming wave of layoffs, and I want you to put yourself in the position because so many subscribers of this channel have already been laid off. Actually, I see comments all the time about a spouse being laid off, or they were laid off and they were glad that they started preparing ahead of time. I’ve shared some of these stories with you, but I want you to put yourself in this situation, because my job and I’ve taken on this mantle is to warn people around the world of this crisis.
Coming financial crisis, one of the greatest economic cycle downturns in the last hundred years. But I’m supposed to also show you where all of the opportunities lie. Because I want you to think before I start this story, this place that I was at, that I’m at right now, is so unbelievably peaceful. It’s insane. It is just. It’s insane how peaceful it is. The water is so clear. The stones do not move.
The water is calm. But all of this never changed during the 2008 crisis, when so many people lost their jobs, lost their homes, lost their marriages. You see, there are places in this world that never change. And that’s what we need to become during these difficult times. People that do not change, that do not waver, the stronger we are in our minds and in our spirits during this downturn, the stronger we’re going to be, not only for our family, but our nations.
My job is to show you and prepare you mentally to be able to take on the wealth of this world. I know there are some people that don’t believe this type one, if you understand what I’m saying, because strong hands, which have turned into elitists for centuries, have had those strong hands and the wherewithal to prepare for hard times and then buy up the nations, buy up the companies, buy up the houses.
I want this one to be different. I want all of us, the average people, average Joes, to absolutely dominate it in the next game of financial dodgeball. If that made you snicker type two. Also, I have to say I’m going to put it down in the comment section. It’s in the description. I’ve started a newsletter to combat what’s going on with the, let’s say, the unwillingness for certain groups to share these videos.
And so I put together a newsletter to bring information to you on a daily basis, but also just a recap of all the videos so you can get it in real quick. If you don’t mind, sign up for it. That’d be great. It’s free. And I’m gonna start doing some more things in that newsletter to help people, give them the tools they need to succeed. So the first story is out of Fox Business 2024 will be the toughest labor market in our lifetime, a reporter says.
Red Balloon CEO Andrew Capuchin said a lot of different factors are to blame for a difficult market. In a Fox News digital exclusive, it says an alarming new study on the future of the labor market puts a spotlight on the lack of employees and a rise in workplace litigation this year. The report talks about how 2024, we believe is going to be one of the most challenging years in the labor market in our lifetime.
The red Balloon CEO said there’s a lot of different factors that are driving that. We see population decline. We see baby boomers retiring. We see a Gen Z workforce that is coming in and not doing productive things in the workplace. The thing that I think is most alarming, though, is the entire report. And the one of our big findings was the amount of litigation that’s happening in american workplace today.
Now, red Balloon CEO is taking this from a fact or the side of a company owner that’s going to have a hard time with labor. They’re having a hard time finding good hard workers. They’re having a hard time getting employees. Right. But there’s another side to this. The other side is artificial intelligence. The other side is companies that actually have less sales coming in. So you have to lay people off.
I’m going to move to that story right now because I think that’s the more important one. Now, this one is out of Business Insider and it’s entitled layoffs could spike. As one labor market indicator says, a recession is already here. Market forecasters say, I believe that we are well into a recession. The only thing that’s keeping us from a crash is the hyperinflation of our money supply. And that’s something that we have been talking about for years.
To think that the government has just printed a trillion dollars in one month is insane. But I’m here to tell you that I believe sometime in 2025 we will be printing a trillion dollars a month to try and scave this off. But all of the assets are going to increase in value, except for one being housing. I know that sounds crazy. A lot of people don’t understand how that can work, but it’s going to happen.
The US could see a rise in layoffs, and there’s one indicator in the labor market that suggests a recession is already here. According to veteran market forecaster Danielle DeMartino Booth, the Quill intelligence research chief strategist, pointed to worrying signs in the labor market despite headline job growth remaining strong, the economy added 303,000 workers in March. But the jobless rate has steadily ticked higher, rising from a low of 3.
4% in April 23 to around 3. 8% in the last month. As of February, the labor market has been pointing to a historical recession indicator that flashes when the unemployment rate rises 0. 35% above its cycle low and holds above that level for at least three months. In that case, that was the case for the 2008 recession, Booth noted, with the National Bureau of Economic Research dating the recession back to the month the indicator was first triggered.
So we’re in a recession as far as unemployment, the unemployment rate is concerned, Booth said, speaking in an interview with David Lynn. It’s funny. I know both of them have tried to have conversations with them. It’s definitely one sided. Now, neither, at no time has she brought up that even though the unemployment numbers, where they sit, they’re based now off of part time jobs, not fully full time job cuts have climbed this year.
Total layoffs and discharges rose nearly 10% year over year in February, according to the Federal Reserve data. And worker firings could accelerate in the coming months, Booth predicted, given that layoffs typically surge as the firm reports earnings. You know, it’s funny. We’re in a moment where I spoke about Carmageddon coming up, we were going to see the car prices fall off and people, I don’t know where people come from.
Some people, they tell me no, car prices are not going to drop. They’re just going to keep going up. And I ask people, okay, what’s going to make them keep going up? They never have an answer. When they say, the housing market’s not going to drop, you’re wrong. It’s going to keep going up. I said, okay, well, what’s going to keep people from. I mean, what’s going to drive the housing market? Unemployment’s gonna go up.
Housing costs keep getting expensive. Are people just gonna magically get extra jobs or big raises? Nobody has an answer for that. It’s because normalcy bias is an illness, and that is what separates a successful person from a failure. Because when you get caught in a rut, there are cycles all over the world. The moon rising, the sun rising in both setting. There’s nothing new under the sun because there’s always a cycle.
There’s always an up, there’s always a down. What blows me away about this cycle right now, us hitting a 100 year cycle, bringing us back to the roaring twenties and the subsequent crash of 29. And depending on what calendar you look at, whether it be gregorian or the jewish calendar, you’ll find that we are right there in that hundred year cycle. And what you’ll see is that people just can’t figure it out.
Because before the Great Depression and the crash of 29, there was the depression of 1920, which came about from a spanish flu. Can’t make this crap up. But yet this one that we’re in right now, we are in a cycle where we have seen, in the last 24 years, 25 years, we have seen the stock market crash by 50% twice. But yet everybody tells me this time’s different.
Modern monetary policy will keep us away from a crash. And what’s sad is that people don’t realize is that the money changers, they actually want the crash, but they want the crash in a way to where you don’t know that they orchestrated it through the manipulation of money supply coupled with interest rates, the cost of that money, they do not want you to know. That’s why they do secret meetings at places like Jekyll island to get their policies shoved through.
And right now, to say this is worse is the greatest understatement ever, because we’re losing reserve currency status. You know why? There’s two reasons why I get you to type numbers. The reason why is, first off, it brings the algorithm a little bit of juice going. Oh, there’s people excited here. And that helps get the videos out to people that don’t understand all of these things, these coming waves of either inflation that we’ve talked about before or deflation in certain aspects.
I mean, look at cars are falling off a cliff right now. Set aside the EV situation component, just cars. You’re not paying ten, $20,000 over MSRP. You’re now paying under MSRP. And that’s going to get even better coming into this next Christmas season. But you look at where our nation is and people have no comprehension of the destructive path that our nation’s on right now economically. And I know how to take advantage of this.
A lot of you have been taking advantage of this. Hashtag like gold, silver, bitcoin, whatever you’re buying right now that’s been going up in value for the last couple of years, you’re taking advantage of this. And you know that we’re in the early throes of this because we have this second wave of inflation about to hit us. And you’re going to see crazy stuff with the Federal Reserve having to raise rates aggressively regardless of the bond market still rising.
But it’s going to take at least a million of us to be ready for this to be able to make a meaningful impact. See, I don’t want Blackrock to use your pension money to go and buy more homes to cause more slaves. I want Americans that never owned a home or already own homes and know they can do this. I want you to go out and buy up homes during this crash.
And then I want, my goal is to teach you how to become banks yourself. And then you’re gonna, when they go up in value, you’re gonna sell them to other people and carry them paper. You’re gonna become so wealthy it’s stupid. And then you’re gonna help other people because you’re gonna give them a good rate of return or interest rate for their mortgages. People. I mean, can I ask you like, say I have or I have not ever contemplated not only buying a home low, watching it go up in value, but carrying the paper and becoming your own bank.
You know, a lot of people talk about, hey, become your own bank, buy silver, become your own bank, buy bitcoin. Yeah, that’s cool and all. But to be a real bank, you go for where the real money is. You carry the notes, right? And at the same time you can help people. And we could start a million little banks all over the nation. All over the world, actually.
That’s where the big people, the wealthy people, became wealthy two ways. They carried the paper and they started publicly traded companies. Now I’m in the middle of doing that as well. I don’t ever talk about it. Not supposed to. But you’ll see, one day, one of my companies, it’s a tech company, will be public and will be one of the biggest companies on earth. I know it sounds crazy because I’m going to do with a bro hawk in a dream, but you’ll see that because I know how that kind of money’s made when I buy stocks.
I got to a position when I was young. At the age of 25, I figured out how powerful it was to become an accredited investor and be able to buy stocks and investments that the public couldn’t. Okay. And I just had to weave through the rules that Congress has made because they made it for them and their friends. I want to teach you all that Neil will be bigger than me, and I hope he is.
Gosh darn it. Everyone say hi to Neil. He’s an awesome moderator. But I hope you see my point. This coming wave of layoffs, it’s going to tear up your families. You know, your extended family is not yours. You know, but, I mean, how many people are just treating you like dog crap because they think you’re an alarmist or a conspiracy theorist? Good news is, you’re in good company.
Because we’re all crazy. And crazy in a good way. Because people that accomplished great things, men and women throughout history, they went against the norm. And you are one of those people going against the norm. I hope you guys have a great day. I hope you got something out of this. If you could check out the new free newsletter, I’d appreciate it, because it makes sure that you get all the videos, because everyone’s saying how they don’t get notifications and stuff.
It is a real thing. Hey, and I’ll tell you what. Shout out to Google. I actually have a Google. Look. I’m just gonna say this. Praise God. Like, this is channel is so watched. It’s insane. It’s so exciting. But with that comes a lot of new information that you learned about how the world works, and, yeah, I can’t get into it more than that. I hope you guys have a great day.
The economic ninja is out. .
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