What do you think is coming? How are you preparing? ✉ OUR NEWSLETTER: www.abundantia.co/ 📚 OUR COURSE (closes July 31st): getthemanual.co/
@jaylenfrank
2 жыл бұрын
Grand risings. Thank you kindly for your peace breathing. May faith and preparations serve us all well. Tactical has always been practical.
@blackmanlistening7909
2 жыл бұрын
HOT!
@climateteacherjohnj7763
2 жыл бұрын
Heat and more heat. Drought and more drought. Sea level rise, methane burps, more deforestation leading to more warfare and civilizational collapse. These economists got nothing on Mother Nature. They might might fool themselves and others into turning the rest of life itself into money as fast as hard as possible but know this, nature always bats last.
@irmakalember9403
2 жыл бұрын
Jesus is coming. 😂🤣
@WoziduranJahemter
2 жыл бұрын
Reconstruction and learning about primal technology.
@donaldduck5731
2 жыл бұрын
This is the 2008 recession, never ended, was just paused for a few years by quantitative easing and stupidly low interest rates. Same problems are still here, economies based on credit, services and shopping, greedy bankers and stupid people up to their eyes in debt. This crash has been obvious to see for years, which is why I’ve lived like a pauper for years and just focused on paying off my mortgage and not having any loans.
@Scottporco
2 жыл бұрын
I was hoping for the bathtub explanation :(
@Abundantiaco
2 жыл бұрын
I'm sure a LOT of people were. Alas...
@norhalishayat7212
2 жыл бұрын
🤣🤣🤣
@albatross5466
2 жыл бұрын
I'm sure a lot of people are scratching their heads over that comment, but anyone that saw "The Big Short" would likely agree.
@MouriMare
2 жыл бұрын
That would've been SO awesome and the video definitely would've gone viral xD
@raniusher
2 жыл бұрын
😂😂😂😂
@mr.giggles4995
2 жыл бұрын
Inflation in the US right now is more like 20-40%, some items are literally 200% more expensive
@Abundantiaco
2 жыл бұрын
Well, yes... but according to official figures.
@danieeel90
2 жыл бұрын
That’s not how it works..
@froodoftheforest
2 жыл бұрын
Iceberg lettuce where I live (Australia) is $9USD EACH!!
@mr.giggles4995
2 жыл бұрын
@@danieeel90 Not in a literal sense, I just mean in the sense that the unemployment rate is always higher than the government claims it is. They don't account for people who are unable to collect unemployment or those who are underemployed. They also judge how well the "economy" is doing by the stock market. That's why in a pandemic you get headlines saying things like "the stock market is booming and record profits" and under that "millions filing for unemployment and record lines at the food bank". This entire system is a sick joke. It's consuming itself and will inevitably collapse though.
@mr.giggles4995
2 жыл бұрын
@@froodoftheforest that is insane, especially since iceberg lettuce is mostly water and lacks nutrients. I don't see how this is going to get any better if we need to double our food supply within the next 20-30 years... the fall of society will not be pretty.
@karenmcdonald4802
2 жыл бұрын
"Stop worrying so much about the financial future of the planet, and start focusing more on the financial you that you want to become." Thank you Sorelle.
@Abundantiaco
2 жыл бұрын
Thanks for being here!
@chrism8180
2 жыл бұрын
Those things go hand in hand. That's like saying "don't worry about whether farms are growing food, worry about the food on your plate"
@bringer-of-change
2 жыл бұрын
I get what your sayin, but the silver lining of this situation is far thinner than that.
@karenmcdonald4802
2 жыл бұрын
@@chrism8180 Agreed. It's a matter of keeping both streams of thought in balance - aware of the big picture but not to the point of paralysis.
@metasamsara
2 жыл бұрын
@@chrism8180 We are the change, and there is no changing the system from the outside, it is heavily guarded against that.
@ymor1451
2 жыл бұрын
Michael Burry isn't a wizard. He does what most people don't. Hgihly detailed, in depth, painstaking research.
@ryan6391
2 жыл бұрын
And his record sucks.
@keithsusko3511
2 жыл бұрын
But this time he's right.
@rachitjoshi23
2 жыл бұрын
honor him
@imkindofabigdeal4308
2 жыл бұрын
@@ryan6391 Sucks? Compared to what? Compared to whom?
@tsubadaikhan6332
2 жыл бұрын
After the GFC he did say he was investing in Fresh Water. I thought that sounded super weird. And, as an Australian whose Government controls water, I don't know how you achieve the Investing, but he does live on the US Western Seaboard which is having a massive Drought. Maybe he's also genius at Weather Prediction.
@karuzelastudio7858
2 жыл бұрын
I've felt like everything is collapsing for months or years now... Still, not able to figure out what to do about it. So many conflicting messages, everyone is selling something else
@JB-xi2yv
2 жыл бұрын
Same as would any other time. Save as much as you can, diversify, and plan ahead for opportunities when they do arise. Easier said than done.
@shhwinner6663
2 жыл бұрын
buy tins of meat those prices are going sky high
@andrethorpe6183
2 жыл бұрын
As long as the US$ can maintain it's Currency Reserve Status by the FED (US Central Bank) printing paper money (IOUs) the world economy will continue to stumble around like a drunken sailor... But definitely it's demise is on it's way... Only a little more time before the collapse...a nation cannot live on debt forever, there comes a time when the economy must be productive to maintain it's credibility.
@jamoriah
2 жыл бұрын
Put your trust in God
@jobob47
2 жыл бұрын
@@andrethorpe6183 yep, the 50 year experiment in bullshit money created at will, without limits, out of thin air is coming to an end. and like all the man other times it's been tried in history, the end will be very painful for most of us. as some french dude named Voltaire wrote, in the all end, all paper money returns to its intrinsic value. that is, zero. so hold onto some precious metals as well. gold. silver. and lead.
@Snakebloke
2 жыл бұрын
Managed to secure a 5-year fixed-rate 1.44% mortgage before the rates started rising. $60,000 in assets saved and stashed. Pay went up; expenditure didn't. Saving $4-5,000 a month so far. Let's see how long that lasts... In the process of buying more gold stored in Switzerland. I'd rather people laugh at me for over-preparing; than crying at me when they didn't.
@Kanoee64
2 жыл бұрын
1.44% 👌 Wow.
@slawomirhering3770
2 жыл бұрын
After 9/11 I have predicted collapse of America by design Homland Security. I am form Poland just a Plumber but I have developed instinct knowlage and intuition base on knowing the truth and past history. Richstag set on fire while money come from NY for NAZI Holy Roman Empire (Vatican) is behind everything they control money supply. Excess money creation by FED, IMF ,BIS streach this event farther then I could expect and put to sleep everyone there was not many standing and understanding back then. The one I can recall is Peter Shiff and his dam right on everthing but the street is fool of mad mans includ e experst are even more twisted. For example if you follow Mark Moss cryptoinducers you are 10X mad and digging your grave digital excess programable money bring as here. So the same elite has new solution create crisis and bring cashless sociaty cryptocrrencie.💸📉🤫🇮🇱🤏🧠💩🚽🪠
@slawomirhering3770
2 жыл бұрын
You right bro 👇
@Extremaduur
2 жыл бұрын
What has always bothered me, especially after watching 'The Big Short', is that nobody has really solved the problems in 2008. Banks collapsed, millions of people lost their jobs and homes, and money evaporated. But banks are still selling some of the same instruments that they sold before, just under a different name. The only thing we can do is to be financially smart enough and brace ourselves for the impact it seems. The impact of problems caused by someone else, namely banks and governments.
@taroman7100
2 жыл бұрын
No one was punished for that. All the same people like Jamie Dimond in place. They made an example of Madoff cause he screwed his own people. To this day no one can define a credit default swap. None of these criminals are on the street but still pulling the strings.
@enticingmay435
2 жыл бұрын
This is why it’s so important to have no debt and actually own your own things (car, house, etc). Once you have all of those things, no one is going to be able to take it away from you. You’ll be living with the assurance that you’ll always have a roof over your head no matter what happen to the economy.
@hydroflows
2 жыл бұрын
i own a van that i live in
@joycewright5386
2 жыл бұрын
I have zero debt and it still costs about $2000 a month to pay for taxes, insurance, and utilities in NJ.
@jBigjohndoe1971
2 жыл бұрын
I quit my 150k a year job and started a farm, pigs, goats, cows, chickens, ducks, turkeys and sell the surplus to friends and family. Simple life and the animals don't seem to have a bad or stressful day often, so that helps. Turkeys and goats are always smiling..
@chris2790
2 жыл бұрын
Anybody with a basic understanding of economics and how money works could see that inflation was coming. And we've been sowing rotten seed for a long time now and the reaping is not going to be pleasant.
@yourmajesty3569
2 жыл бұрын
For folks in the US of A where I live, this is a good time to evaluate how deep into habit you are of extraneous purchases. Cook more. Go out less. Buy less fashion. Etc. All this materialism does not define you as a person. Focus on needs instead of wants. Happiness can be found at any level of earning if you don't rely on money to make you happy.
@kvinettaf09
2 жыл бұрын
especially loved the ending advice. i was literally thinking during the video - 'soo i needa learn asap what i can do to not be drowning in these societal economic consequences' and kinda stressin a little. so thank you for the wise words!
@teylordehoyos4511
2 жыл бұрын
We just this past January paid off our RV that we live in full time. Both our cars are used and paid for. We are very blessed to have no debt and a nice stash to fall back on should anything happen. We are very fortunate and it's a comfort to know we are in this situation given the current financial climate. Your videos have been inspirational to us and it's such sound advice. Thank you.
@craigthescott5074
2 жыл бұрын
He’s not the only one predicting this. I figured the crash was going to happen last October but now I think it may be this October.
@wolfgangthiele2785
2 жыл бұрын
At this stage I dont need to be Michael Burry to see that everything is crumbling
@wallacesouza2678
2 жыл бұрын
I'VE BEEN SEEING POST EVERYWHERE ABOUT FOREX TRADING AND CRYPTO CURRENCY, A LOT OF PEOPLE KEEP SAYING THINGS ABOUT THIS TRADING PLATFORMS PLEASE CAN SOMEONE LINK ME TO SOMEBODY WHO CAN PUT ME THROUGH..?
@montserratherrero782
2 жыл бұрын
Trading with her is %100, she is legit and sure in trading unlike others.
@Simeonsaater
2 жыл бұрын
Wow l'm just shock someone mentioned expert Mrs Olivera Jane khumalo, I thought I'm only one trading with her, She helped me recover what i lost trying to trade my self.
@marinefernandez3166
2 жыл бұрын
God bless the day i came across your number on KZitem. You are God sent ma'am always remain thankful to you.
@antoniaprieto5390
2 жыл бұрын
who's this professional, everyone is talking about i always see her post on top comment on every KZitem video I watched how can i reach her?
@002mjr
2 жыл бұрын
A broken clock is right twice a day. Perhaps 2022 is his year since he’s been predicting a recession every year since 2017.
@acetheblackfalcon
2 жыл бұрын
Agreed. I don’t want to invalidate Burry, but it’s kind of hard to take someone seriously when they say the economy is going to collapse every season. Kind of why I can’t take Peter Schiff seriously either.
@ryan6391
2 жыл бұрын
Exactly! The guy is a perma bear. Gram Stephen has a video about how bad his record really is. He makes one good call and he's god. I am so sick of his predictions which are mostly wrong.
@williamv3403
2 жыл бұрын
If you were paying attention at all there was worry in the markets in 2018 of a recession! That is when Trump went to Powell and bullied him to go 0% interest rate and was trying to convince him to go negative interest rate! Then Covid came and Trump and the socialist Fed and Republicans injected Trillions into the stock market and to business. Which is why we are in the mess we are In today!!! Just because you guys just now are paying attention doesn’t mean he was wrong.
@markgreen2170
2 жыл бұрын
@@acetheblackfalcon how large is the otc derivative market? who's on the hook?
@acetheblackfalcon
2 жыл бұрын
Look, anyone with common sense can tell that Wall Street and Main Street are very distorted and the global economy is pretty much screwed. I’m not denying any of that- it just gets annoying to hear doomsayers say the same shit all the time and think they’re prophets for it.
@livestock9722
2 жыл бұрын
In 2006 I was a fledgling, wet behind the ears trader, yet had a hunch the 2008 crisis was coming. Now a little wiser, I see the next chapter is inevitable. Opportunities abound, if you don't follow the masses. The debt market bubble is the giant elephant in the corner that no one is talking about. No joke. Thank you Sorelle, for getting content like this out.
@Shikkai123
2 жыл бұрын
Stumbled by chance on your channel. Thank you, informative , to the point, pinch of salt, flawless execution. Subscribed
@eternalmastery
2 жыл бұрын
As a fellow awake person I want to thank you for your wisdom Sorelle, you are a beacon of light on this platform amongst a small few 🙏💯
@bluestrings8829
2 жыл бұрын
Lol... Omg, you're actually awake. I'm certain everyone around you assumed you were asleep. Only if you could advise us when you were asleep.
@canadapapers
2 жыл бұрын
I love how you are honest and not biased. Many channels fan fear mongering. Ya threat is there but it is not end of the world. I love your message.👍🏽
@blondthought5175
2 жыл бұрын
The last human could be wiped from the face of the planet, and the world wouldn't even bat an eye--or bother to shrug.
@DingBatSplat
2 жыл бұрын
Here's a very important thing, that you didn't mention, for those like me that live in the UK(maybe else as well). Back in the big crash of 2008 banks in the UK went bankrupt and were 'BAILED OUT' by the government using taxpayers money - deposits were safe. After that the law was changed. Now if a bank goes bankrupt in the UK it use's a 'BAIL IN' where they seize depositors money (current and savings accounts) in an attempt to rescue the bank. The moral:- don't keep too much money in the bank, you may loose it all in these uncertain times.
@Cecil_Augus
2 жыл бұрын
We should not be taking only Burry's opinion on this subject. There are a LOT of other economists who are predicting the same. And there are several signs too.
@mosesmoua2012
2 жыл бұрын
Their was an economist predicted crash in 2021 and said he quit if he got it wrong. Well, he’s still predicting crash today 😂
@BalrogUdun
2 жыл бұрын
One often overlooked factor is that the government often incentivizes this behavior because they both prop each other up.
@Flippokid
2 жыл бұрын
It really doesn't take a genius to see that printing insane amounts of money results in economic collapse.
@rickytavilla4259
2 жыл бұрын
Bingo
@angelawhiteway6306
2 жыл бұрын
Good info here but you neglected to mention a major reason the real estate market collapsed in 2008 was because the people who bought homes did not qualify for those loans. And they got an 80% first and a 20% second so they had 0% skin in the game and when they fell behind on the mortgage on that million dollar home that they could never have purchased under normal circumstances, it was impossible to catch up.
@alanhoff89
2 жыл бұрын
You can afford high risk loans as long as the govt bails you out.
@paytonirby4904
2 жыл бұрын
And that the government bailed out the bankers who committed global fraud instead of the people who had been the victims of the subprime mortgage scheme.
@gonesideways6621
2 жыл бұрын
You are exactly correct my daughter sold home in 2005 buyer was disqualified at multiple banks because he only had twelve hundred dollars for down payment, so they finally found lender he bought home and walked away less than year later it was like he was only paying rent he had no skin in game.
@angelawhiteway6306
2 жыл бұрын
@@alanhoff89 Except, for the most part, they only bailed out the banks, not the people.
@angelawhiteway6306
2 жыл бұрын
@@gonesideways6621 This happened SO many times. You’re right, it was like rent for them and then they just stopped paying.
@gohrt9139
2 жыл бұрын
I was a broker back then we saw it coming and we see it coming now, he's right but it will be much worse for us all
@Gawillamon
2 жыл бұрын
YOU WILL OWN NOTHING AND YOU WILL BE HAPPY 🤡
@Joz101
2 жыл бұрын
@@Gawillamon all part of the plan
@CameronsCandorOriginal
2 жыл бұрын
You neglected to mention that when interest rates went up those with ARM loans were the ones who struggled. Higher interest rates doesn't change a 30 year fixed
@amygarner1812
2 жыл бұрын
Hello Sorelle! I just wanted to write to say what amazing content you've been putting out recently. The topics you are covering + the questions (+ solutions) you are presenting are so valuable. The quality + your ethical stance are really inspiring, instructive + hopeful. Thank you so much!
@Abundantiaco
2 жыл бұрын
Thank you so much for watching!
@aquarius5719
2 жыл бұрын
What is scary is not knowing the rules of the game. Once you learn macroeconomics you can foresee the future.
@cotch40
2 жыл бұрын
I'm happy for you that you've escaped Australia. I hope Iceland treats you very well indeed.
@bbqnpcs5514
2 жыл бұрын
Anyone will tell you it's a prisoner island. Plus Tassie to show and tell.
@chickngangforlife6616
2 жыл бұрын
The insane amount of printing is not to avoid an economic crash, it’s to keep some semblance of normalcy so the people controlling this can choose the timing and redirect the blame for it. It is very hard to sell a new world order if everyone knows you screwed everyone in the old one and caused the misery and suffering that comes with it.
@arontung
2 жыл бұрын
They already have an scapegoat, Putin. Oil prices, inflation they blame him
@pierre-julienpeyroux26
2 жыл бұрын
dead on that is
@tightbudz
2 жыл бұрын
1 million % correct my friend.. And 2008 was just to get ppl used to the idea of a future collapse!
@fowchiiiliedpuppiesdied
2 жыл бұрын
Our money is becoming worthless, they want us on a digital currency, that they control. Next up, social credit, and all the rest. Bitcoin has fundamental decentralized qualities, that make it very threatening to governments, banks, and the media. But totally empowering for the people. While all crypto is a scam, the first one, is not. The bubbles are only temporary, like any new company, same with the tech stocks. Over time, the graph shows steady growth, however. Bitcoin crashed along with every other stock, but that is only a result of ignorance, about the product itself. It’s worth is far greater, than the perception of its worth, and it will only increase as long as governments continue this trend. It is the hardest money in existence, fundamentally. If only people would take the time to study Bitcoin, they would see what an incredible blessing it is. It is not owned by anyone. It is owned by everyone.
@StockStory
2 жыл бұрын
I think people like Burry are challenged to say when something is going to happen. Still the reasoning behind those predictions are often well thought out and the reasoning is what people should focus on and not the timing.
@theselector4733
2 жыл бұрын
"Not buying into fear" - Great Quote. FEAR MOVES PEOPLE.
@50megatondiplomat28
2 жыл бұрын
Bury isn't wrong about the coming crash. It's obvious to anyone with a brain and even the most modest financial education.
@Abundantiaco
2 жыл бұрын
Could be, maybe not though.
@zzospreyzz55
2 жыл бұрын
We will see. Although all indicators are suggesting that, you can’t discount artificial manipulation of the markets
@kezza10mail
2 жыл бұрын
some friends of my parents waited in the 90's for the housing crash before they would buy one.... that crash never came, and they have now rented for 30 years.... even though the market should have crashed, for the last 30 years... it only went up.... the people that know, will not tell the others it's coming, they are saving themselves !
@alipainting
2 жыл бұрын
@@kezza10mail it crashed in 08.
@Maelu-op9gf
2 жыл бұрын
@@kezza10mail did you sleep through the 2008 crash?
@larrymannino444
2 жыл бұрын
Great analysis and advice Sorelle. If there's one small takeaway I'd underline, it's in reference (in part) to the ingredients for the 2008 collapse: only choose FIXED rate loans and mortgages. No surprises and keeps you honest about what you can afford in good times and bad.
@daisyflower8362
2 жыл бұрын
Yes! I’m shocked that people still choose variable 🤦🏽♀️
@feelnrite
2 жыл бұрын
How about no debt?
@bbscarbrough
2 жыл бұрын
I chose a fixed rate loan in 2006 in my early 20’s and my home lost half its value and never recovered over 10 years.. granted I understand now that I bought high but it ruined my marriage and was a traumatizing experience, and especially since it had never happened in history and we were all told real estate only goes up.
@hydroflows
2 жыл бұрын
@@feelnrite this. I've never played the debt game and I never will.
@user-ee1fn4vt8b
2 жыл бұрын
Crazy thing is that there are countries where fixed rate loans are extremely rare.
@webanon
2 жыл бұрын
Most importantly, in the end they blamed immigrants and poor people. Cool channel. Keep it up! 👍
@venator5
2 жыл бұрын
Then why do they let them in?
@albatross5466
2 жыл бұрын
I am friends with a finance banker. He told me that 2023 will be ugly.
@Abundantiaco
2 жыл бұрын
Maybe, maybe not? Nobody really knows.
@dayzed50
2 жыл бұрын
Real estate here in the Pacific Northwest US is effectively dead. Crickets. Red hot up until March and now down 20% at best. Interest rate hikes have priced out over 50% of potential buyers. Damage management meetings are frequent now
@Abundantiaco
2 жыл бұрын
Whoa, crazy. Looks like the bubble is starting to retract.
@theexpendables3152
2 жыл бұрын
The S&P 500 ended the first half of the year with its worst performance since 1970, down more than 20%. I see mild recession, with the economy contracting starting in the final quarter of this year into the first half of next year. And in the market, we may see these mini bear market rallies, but nothing to jump on. I'm just gonna stick with diversification using the copytrading system. Finished second quarter at +23%. Just an average Joe here trying to thrive in these volatile markets. Don't get burned.
@Abundantiaco
2 жыл бұрын
Maybe... depends on how prepared you might be.
@virgilhall6866
2 жыл бұрын
I was wondering if going for a cumulative ETF during this next decade is a wise stuff. How does the copytrading work? Might just be what I need now. My portfolio is drifting terribly far from safe waters lately. Really looking for a lifeline.
@theexpendables3152
2 жыл бұрын
@@virgilhall6866 It's when your account mirrors someone else's trades. Trick is knowing who to copy. I managed to work my way into Josephine Guevara Laporte's popular algo trading program. She's a renowned CFA, you should check her out. There are other similar options out there but consistency and smart diversification skills were the clincher for me with Josephine.
@profderek8111
2 жыл бұрын
@@theexpendables3152 Hi I'm already in retirement and have like $600k in a CD account with a very low interest. I only need $15k for liquidity purposes(emergency fund) and plan on growing the bulk. I found Josephine Laporte's official website after looking up her name. Quite impressed at her portfolio and I'd like to schedule a phone call. What's the fee structure?
@theexpendables3152
2 жыл бұрын
@@profderek8111 Since it's an algorithmic trading based model, it's very much transparent because you can actually see what assets you have and how much growth your portfolio has achieved.
@sourishsaha8067
2 жыл бұрын
Burry is the once in a generation genius that people think Elon Musk is
@chiaraimpeduglia1308
2 жыл бұрын
I never believed that Elon Musk was any sort of genius. Just another rich person out for himself.
@joedattoli
2 жыл бұрын
It’s unfortunate that you didn’t mention the us government forcing banks through regulation to lower lending standards. That was a huge catalyst.
@hairyjohn5825
2 жыл бұрын
They can't think of enough ways to rip people off, but enough is enough.
@Abundantiaco
2 жыл бұрын
Not sure if this is a ripoff, but just the first signs of a total market slow down... or worse. But who knows just yet? Best to prepare for any eventuality.
@MotoJB
2 жыл бұрын
Yep. They're trying to take it all...AGAIN.
@Abundantiaco
2 жыл бұрын
Depends on where you're buying though, right? Not all nations are experiencing below-necessary birth rates for population decline.
@michellebyrom6551
2 жыл бұрын
Partly where you buy - location being key. Partly when you sell, since population still hasn't peaked globally and climate change will remove some currently habitable areas. Partly what you buy. Literal bricks and mortar have a long life expectancy and has a higher price tag. Stone is the same only more so. Wooden houses don't have the same degree of longevity depending on how they are protected and cared for. They are quicker and cheaper to build. Over 100 years they might well give the most convenient returns. When the population shrinks significantly, such houses can be recycled, even composted in part. Will they be more comfortable in warm but not hot climates? Undoubtedly. Will people prefer such climates to the cooler temperate regions? Probably. Stone houses away from flood plains and extreme climate areas are great for legacies. Do you need a legacy, or a lifelong steady income?
@tucker2074
2 жыл бұрын
The economy has never been in such good shape, nothing at all to worry about, the government really has your best interests at heart
@natalieminnis
2 жыл бұрын
Did Michael Burry forecast what happened after the 2008 crash? The value of the stock market bounced back so sharply in the next few years that the value of my private pension increased by 50% and I was able to invest it in a commercial property which I now let out. And I recently sold a flat that I bought in 2007. The value dipped during the crash, but soon bounced back so I was able to sell it for a 30% increase in price. The people who lose out are the ones who panic during a crash and sell up, allowing people like Michael Burry to profit. It's best to have a long-term view.
@danherrick5785
2 жыл бұрын
All they did is press the print button last time and kicked the can down the road - this can't happen forever - mother nature and gravity will eventually be a bitch. And I think the bitch is back and will not go away this time... winter is truly coming :0
@brokenspell4851
2 жыл бұрын
@@danherrick5785 bang on Dan. You can’t fight the natural forces forever. The only reason we recovered after 08 was the printing.
@natalieminnis
2 жыл бұрын
@@danherrick5785 I think winter is here already. They are trying to inflate away the debt, and the ordinary folks are paying without understanding what's going on and why their wages don't cover their outgoings any more.
@jeffallen8026
2 жыл бұрын
Yeah Burry missed the big up move. He got lucky once
@brokenspell4851
2 жыл бұрын
@@jeffallen8026 doubt it was luck. He dug into the numbers and saw something nobody else was looking at. We are on the edge. If you can’t see that now wish you all the best.
@liquid_shadow8690
2 жыл бұрын
It’s truly time to be alarmed. The complacency from people is what’s concerning to me. Many people i know are clueless to what may happen.
@ya55er4008
2 жыл бұрын
I think he is right, the S&P500 still almost 50% above Covid-19 level and they kept delaying the impact of it by printing more money, I agree with him that there is still a room to the downside in order to save the dollar status.
@AlfonsoECruz
2 жыл бұрын
Thank you very much for this video, my take away from this video is: To keep Pushing Forward no matter what happens especially if it scares You and the rest of the World.
@ogunsan
2 жыл бұрын
Two things are certain every 100 years, a pandemic and an economic crash. 1800s had the Black death (flu) and the economic crash of 1837-43. The 1900s had the Spanish Flu and the Great Depression. The 2000s already had its COVID Flu. If you think another depression is off the books, good luck 😁
@unitedtv1180
2 жыл бұрын
You have a beautiful and gentle voice - I appreciate your dialog - it is soothing The only way we survive amass is through regional collectives.
@rnp1785
2 жыл бұрын
The dollar has been losing its value for over 50 years it’s losing its value quite a bit faster in the last year you now notice it takes a lot more money to buy something now than it did just six months ago inflation is the devaluation of the dollar.
@wildcard3942
2 жыл бұрын
Oh and don’t forget when they do a fluoride rinse to your teeth at the end that’s fluoride which causes cancer and if you think you can avoid it by not getting the fluoride rense well the polish that they use for your teeth it has fluoride in it unless you get the non-fluoride polish which usually doesn’t have a flavoring if you don’t believe me look it up. But I would encourage you to look up every single word that’s on process foods before you eat it and look it up as negative effects on your body. And if you think the foods are OK after you look up all the ingredients anything with natural flavoring and such words like that that’s where they hide the junk too so if it says any of that stuff you probably might not want to eat that. Just something for all of you to look into
@stephendavis4480
2 жыл бұрын
Nazis put fluoride in the drinking water to keep concentration camp victims docile and unaware. It also calcifies the pituitary gland. My family has been using fluoride-free toothpaste for over a decade. My teeth are perfectly healthy
@usefulidiots3970
2 жыл бұрын
I remember warning my supervisor at the company where I was working at in the early part of 2020 about this. I was really worried about hyperinflation when they started printing money during the lock downs. He had no idea what I was talking about and he was the one with the business degree. Now I am far more educated in economics than I was than, but I have always been a student of history. People don't know or understand what educated actually is. I plan to come out of this economic shitstorm very well off. Yes it's going to be ugly, but this is where fortunes are made. Yeah there are evil forces at work, but they are going to fail miserably and than we can make a better world.
@pierre-julienpeyroux26
2 жыл бұрын
thatsupervisor was such a fool Ha!
@bmoon9007
2 жыл бұрын
Any advice then?
@britbaber7156
2 жыл бұрын
Burry isn't the only one saying a market crash is coming.
@veganvocalist4782
2 жыл бұрын
As usual very grateful for your energy and time to support and encourage us collectively , THANK YOU from all of us here in Cornwall, UK , Sorelle ;D
@Qitch242
2 жыл бұрын
Food is the ultimate currency. When things go bad, everyone needs to eat and that becomes a source of conflict (or opportunity). Have a DEEP pantry in case it gets hard to feed yourself; but don't tell anybody.
@danv1061
2 жыл бұрын
With governments dumping cash into the economies to overcome COVID hardship, the supply chain problems resulting from COVID, and the Ukraine war inflation was inevitable and with it, market corrections.
@deathcoder
2 жыл бұрын
He hit a jackpot in 2007… that’s it… He shorted Tesla and lost billions!!!! A broken clock is right twice a day…
@seanprzybyla2157
2 жыл бұрын
I think its a pretty clear cut forecast that the global economy and food supply are going to collapse in the coming months. Just look at over the insane droughts and failed crops, causing countries that used to be huge food exporters placing restrictions and even stopping food exports. The look to banks that have adjusted mortgage criteria and in some cases even stopped providing loans all together. Then we have blackrock etc driving market prices to a collapse. I think the majority of people with cash to loose know whats coming and they arent willing to help prevent it, only protect what they already have. People in pampered countries like the US and UK among others are going to feel it the worst as they have no idea how to prepare, nothing like whats coming has ever hit those countries (at least not in any time period i'm aware of from my life (40 years) or my UK education). Heres to hoping I'm wrong and 500+ million people wont die of starvation in the next 12 months.
@bluey-uo9li
2 жыл бұрын
Yes your correct I believe we need acHigher Power than human or we are going down literally
@gaudente1900
2 жыл бұрын
lot of land whales around , nobody is gonna die of starvation. and wheat prices are coming down already.
@seanprzybyla2157
2 жыл бұрын
@@gaudente1900 could be worth looking at the current food security in places like Egypt, Ethiopia and Sudan. And its just going to spread at first across northern africa but because of the shortages its going to impact every country as everyone imports at least some food products. India as a major exporter has already restricted exports due to droughts and failed crops and they arent the only exporter to do so.
@graffzepplin9511
2 жыл бұрын
Yes. Stop worrying about the financial health of the planet, and focus on your own ship. Live within our means. Eliminate debt. Treasure friends, family and relationships. And enjoy life! We're only here for a while. Cheers
@AndyM.
2 жыл бұрын
If 'binge watching' your channel is wrong then I sure as h@ll don't wanna be right!!!! Keep it up young lady!
@smusyk2859
2 жыл бұрын
The 2008 financial crisis hit Cyprus in 2013, our govt. managed to keep it hushed up for 5yrs,after that the 2nd largest bank shut down & we got bailed in, yes bailed in, from what I know this is a first in history
@radscorpion8
2 жыл бұрын
I love these terrifying financial warning from X videos, they're very entertaining
@cupidstomputer
2 жыл бұрын
"Be alert, not alarmed." What a nugget 👌🏻👌🏻👌🏻
@sprezzatura8755
2 жыл бұрын
A helpful book on the topic is titled When Genius Failed. Also Ray Dalio's history of the economic cycle.
@verdugohomestead3175
2 жыл бұрын
You don’t have to worry about payment spikes in mortgages unless someone is unconscious enough to get an Adjustable Rate Mortgage
@Abundantiaco
2 жыл бұрын
So many people do.
@verdugohomestead3175
2 жыл бұрын
@@Abundantiaco yup ‘tis attractive to get low payments for awhile! Then..yikes
@verdugohomestead3175
2 жыл бұрын
@alancbishop they could rent till they have a decent enough nest egg then get a traditional 15 to 30yr. Now if your flipping homes it’s a different story
@xtctrader1467
2 жыл бұрын
A lot of people don't think 5 minutes ahead, let alone days, months or years. That's where this video comes in. Getting people to think.
@taxthesocialist2602
2 жыл бұрын
Mine is locked in at 3.372%. My parents helped me through the process since I'm a first home buyer. Bought my house at 25.
@johnnymidas5879
2 жыл бұрын
THANKS SORELLE, LOVE YOUR WORK. 👍👍👍
@Abundantiaco
2 жыл бұрын
Thank you too! Just glad you're here watching.
@maxaman64
2 жыл бұрын
We need to be very very clear about getting it right/wrong when trading. You DO NOT need to be right 51% of trades to make money as its far more in-depth than simple win loss ratio. Trading at 42% win can make a lot of money so think about that as out of every ten predictions you can be wrong six times and still be winning. When you see claims of 70 80% win rates....walk on by.
@rod3134
2 жыл бұрын
The Margo Robbie explanation would have been great 🙏🏽❣️
@Abundantiaco
2 жыл бұрын
Coming soon? Probably not...
@MarikaMeos
2 жыл бұрын
The only way to humanity can be "saved", is the total collapse of systems, including financial system. Why is it so scary to people?
@marcel13091975
2 жыл бұрын
nothing ever gets better by itself: someone has to make things better, and right now I do not see any person of power, be it political, or financial, doing anyting to make things better. I'm going to be pleasantly surprised if the "wizard" is wrong.
@myfakeaccount4523
2 жыл бұрын
Did you forget the people hold that power not one person. It's just a shame that people only really care about themselves and the silly distractions of life and do not notice.
@MrRalphla54
2 жыл бұрын
You need to describe that the people cannot sell cause their houses are worth less. Then the unemployment forces them to sell/default. Making the problems worse.
@peterjohnson8935
2 жыл бұрын
Terrifying depends on how much you are identified with the mind.
@mariusmartinsen2064
2 жыл бұрын
I have recently found your/and team channel, really impressed with quality work 😍
@RamyAoun
2 жыл бұрын
Thank you for this,always on point and not being biased to everything that we hear and read...one question though is gold good to invest in in times of currency colapses ?
@lancemurdoc6744
2 жыл бұрын
The main problem is that people believe they would know the rules of the game. But in really, people do not know the mechanics of the money system. In fact most are unable to tell you where money is comming from. They not even know how a credit work.
@marywest6844
2 жыл бұрын
Course this guy knows. If you know the system, analyse what the symptoms are you know what the disease is. You get the prognosis.
@cliffrhodes647
2 жыл бұрын
Many Japanese banks have huge cash reserves; MUFG has 1.3 T in cash with a negative Net Debt of -473 B. Few American Banks have big cash reserves, maybe one is GS with 1.04 T in cash with -434 B Net Debt. That means a lot more cash than debt. During the 2008 crash NMR bought out Lehman Brothers. Those who have the cash are just waiting to gobble up the broken ones during an economic collapse. Companies with huge debt is a big no in choosing to buy stocks.
@sonisheampinto7384
2 жыл бұрын
I've never heard about this man, thank you for this video... I don't think I'm afraid, just really trying to learn and apply.
@Abundantiaco
2 жыл бұрын
Good! Fear does nothing for anyone.
@quantumtechcrypto7080
2 жыл бұрын
Fear motivates.
@kurisu3000
2 жыл бұрын
Stop watching facebook and tiktok videos then.
@johnletourneau6176
2 жыл бұрын
Your smile alone makes life worth living.
@outsidethebox2037
2 жыл бұрын
If I kept saying "a market crash and massive recession is coming..." Eventually I'd be right....it doesn't make me a Guru.... it's merely speculation.
@equteachme
2 жыл бұрын
My experience everybody out here is selling something, question is are you buying it? :)
@junaidmuhammed5740
2 жыл бұрын
What goes up must come down. The simpler version.
@stephenmurray2851
2 жыл бұрын
No it isn't. If a doctor says someone with terminal cancer will die soon and it doesn't happen soon but happens later it isn't a case of eventually I'll be right, it just took a bit longer. The fundamentals of maths dictate it will crash. It's just difficult to call when.
@Kanoee64
2 жыл бұрын
@@junaidmuhammed5740 Blood Sweat and Tears.
@paulnewman2778
2 жыл бұрын
Iceland really got screwed in 2008. Why your leaders went 100% into MBS is amazing.
@archibaldmaclaine6506
2 жыл бұрын
When there are suddenly trillions more dollars and less goods available. What is going to happen to the price of all goods everywhere? I am sure there are people that can work it out (anyone with an I.Q. that reaches double figures should manage that one). The world could soon see inflation on a scale that has seldom been witnessed in history. U.S.A after the civil war and Germany after the WW1 are probably the two most famous, although there have been many cases over the last 100+ years. I especially feel sorry for those people who had good savings as they are constantly de-valuing.
@kofola9145
2 жыл бұрын
You should feel sorry for people who have no savings and tons of debt.
@archibaldmaclaine6506
2 жыл бұрын
@@kofola9145 Oh I do. I nearly got a mortgage to fix up my Mothers old house. All I can say thank God I did not. As despite a lot of people trying to persuade me to do so. I have now been out of work for over two years, thanks to the media`s creation of a pandemic.
@yeetdeets
2 жыл бұрын
@@kofola9145 Why though? The size of the debt is shrinking with the inflation. Assuming they have fixed interest loans.
@kofola9145
2 жыл бұрын
@@yeetdeets depends on the nature of debt. Most people are slaves to their debts.
@adelarsen9776
2 жыл бұрын
When you're free of politics, free of religion, free of debt and free of big tech, then you are truly free.
@truthisfree7297
2 жыл бұрын
I think caution is needed in the short term, but rising interest rates will help in the long run. Burry has been right on some occasions but they are generally not big surprises. The housing derivative market was a ticking time bomb and there was no way that it wouldn't explode at some time - Burry was not alone in realizing this, just the most promoted. Predicting Tesla will crash is simple math, the company is poorly managed, has a poor production track record and the P/E is off the charts out of balance. Tesla is more of a cult than a sound company, and anyone still holding these shares should be very, very worried about the competing products from much more competent companies. The one reality that everyone seems to not understand about economics is that it is as much faith as science. If enough people believe the stock market will crumble, it will. The smart people will watch the market and realize when it has over-corrected downward. That is the roller coast people like Burry bank on.
@robertagren9360
2 жыл бұрын
What I learned is that stock market is religion.
@gonesideways6621
2 жыл бұрын
Wealthy realized that to increase profits need to offshore manufacturing this will drive up profits which in turn will drive up stock prices this gives us the one percent people all stock rise and lack of good paying jobs didn't help average American shame on our politicans and business leaders, Ross Perot was right when he said you will hear that great sucking sound!
@brettharter143
2 жыл бұрын
Bury is right but i wouldnt be too sure about his timing on the events
@noelbrown6771
2 жыл бұрын
Thanks Sorrell, very sound advice for these times.
@Abundantiaco
2 жыл бұрын
My pleasure!
@rogersam1294
2 жыл бұрын
I think this would be more valuable if you had the photo of the real person and not the actor as the thumbnail. I get it, Christian Bale is popular and has a movie out right now. But I think we can afford to see the person whose idea it was and not the professional pretender.
@paulahoskins9972
2 жыл бұрын
No debt and no fear! Great counsel, thank you. Michael is not the only financier calling for stock market collapse. Printing fiat currency, and raising interest rates decidedly kicks it all up a few notches. Knowledge is power. Thank you! 🙋❤🌍
@Abundantiaco
2 жыл бұрын
Great to hear it!
@Cecil_Augus
2 жыл бұрын
Hope you are not from a "third-world country" cuz here is already very hard to have something to eat. So fear is kinda unnavoidable.
@paulahoskins9972
2 жыл бұрын
@@Cecil_Augus I understand. Courage is being afraid, and doing what must be done anyway. They are bringing economic collapse and food shortages to America. I hope to have the courage you have shown every day. I am very afraid, but willing to die for freedom and human rights. Best to you. Thank you. 🙋❤
@Cecil_Augus
2 жыл бұрын
@Paula Hoskins This incoming crisis is just another covid in a sense that'll be showing everyone we're on the same basket. As the covid showed us that every single one of us could die from the threat, so this crisis will show that everyone is under direct threat of mismanaged (for the poor) economic policies. Because for most of the time we, the "third-world countries", have being holding your (assuming you're from the US) inflation and tanking almost all the bad aspects of it, but now even the average "american" will be put on a tight rope. We have to awaken for the fact that we are all deeply connected.
@paulahoskins9972
2 жыл бұрын
@@Cecil_Augus We truly are connected. My hope is we stand together as humankind, and fight the coming totalitarian tyranny. Americans are weak and spoiled ~ I pray we wake up, and gather the moral courage to take our country back. The level of previously exhibited American ignorance, cowardice, and compliance is not encouraging. Thank you, brother. ❤
@EngineerAAJ
2 жыл бұрын
One thing does not make sense to me, here when you make a loan, its prefixed, you know how much you will be paying until the end of it, usually you even get a "booklet" will all the bills printed so you can pay month after month. If I understood it correctly, in the US the loan gets readjusted from month to month and what you pay can rise in price from one month to the next??
@clementine5672
2 жыл бұрын
Hi Sorelle! I’d love to hear your take on Shmita (the sabbatical year in the Hebrew calendar) as it kind of sounds like what is is saying is lining up with that (Sept. 2022). It’s a seven year cycle that’s been at the center of her 2015 volatility in China, 2008 housing bubble, 2001 .com bubble, 1994 bonds crash, etc. I wonder if that’s what he’s referring to?
@robwithrbk
2 жыл бұрын
The for sale housing market, and the apartment market of 5+ units are different. I've been an apartment broker, selling 5+ unit buildings for years. Housing of any type is still very hard to come by. Maybe for sale housing prices retreat to 2021 or 2020 pricing...that's a big dip of 20 - 35% in most markets. Yet rents remain high due to short supply. My asset class has far more metrics that support valuations. The current rise in rates isn't affecting 5+ multifamily projects values as we perform an income analysis against current rates to determine value. Quite frankly, any rise in rates thus far is easily offset by rising rents. There will be some softening, sure, but so far there is zero blood in the water on apartment buildings. 1-4 units are different. Long term debt is still in the low to mid 4's. That's great debt.
@olgaanisimova6916
2 жыл бұрын
A financial prophet or a madman? How about a guy with an access to a lot of inside info and ability to analyze things better than others.
@exposingproxystalkingorgan4164
2 жыл бұрын
Financial ups and downs have happened repeatedly in cycles. Do not panic and be tactical. Market crashes are opportunities to buy cheap stocks to value companies that become undervalued and will rise again because their products and services are needed by everyone in good or bad times. You will still earn dividends as a cash flow. Having only a job paying you deflating value money as your only income source is foolish and dangerous. Everyone needs to eat, drink, have energy, sleep, shit, and wipe. People will always pay for those even if they have to cut everything else., like buying stuff they don't really need.
@taoist32
2 жыл бұрын
Food and water shortages are coming, so yes that is what we will all be focusing on.
@LeonTheAlchemist
2 жыл бұрын
Hopefully, this will all blow over soon…
@Abundantiaco
2 жыл бұрын
Hopefully!
@MotoJB
2 жыл бұрын
Sorry to break it to you friend...it won't. Get prepared.
@MotoJB
2 жыл бұрын
@Kelly Harbeson Please elaborate on what you mean...
@paulahoskins9972
2 жыл бұрын
🤣
@spacegamer85
2 жыл бұрын
It can't blow over until it is first acknowledged. Too many are in denial. This recession is not natural but planned in order to force a currency change to CBDC. The end goal 🥍 s you will own nothing (unless you are part of the inner circle of elitists
@Ontheroadtourism
2 жыл бұрын
I've always wondered why we think constant growth is sustainable surely there will be good years and bad years ? With inflation being so high and the current geopolitical situation I would think it wouldn't take much for something to trigger a collapse.
@workhardlivefree3818
2 жыл бұрын
Wasn't hard to predict the inflation when governments from Canada, Europe, United States and so on were spending beyond their limits and printing more money. This is all by design.
@zrzavyorm
2 жыл бұрын
7:02 High Tatras, Slovakia, Poprad - that's my hometown
Пікірлер: 1,2 М.