We're being lied to we're being Manipulated and we're being deceived and So today we're going to jump in to ask The question what happened with the Revisions and just how bad were those Revisions and today I have our community Expert Mitch vexler here to help us go Under the hood to try to figure out what The real problems and what the real Solutions are and I'll tell you guys I Woke up about 6:00 a.m. I had about Seven emails from Mitch all geared Towards helping American Mom and Pops Survives you know this fraud and Corruption so Mitch I really appreciate You being here buddy and before we Really dig into these revisions and Going under the hood how are you sir It's been a long day you know we get a Lot of emails from people that come in And sometimes in those emails are those Golden nuggets of evidence and then that Starts the ball rolling inside of my Head and um last night one of those Nuggets showed up which was a discussion Of ta ation on unrealized gains and I Way back in December before you and I Even knew each other actually put Together an amicus brief on that exact Topic and that's what we're going to Discuss here today and try and tie all These circumstances together and connect The dots for Everybody yeah certainly some very very
Important uh discussions very important Subjects so let me start the viewers Here August 21st you guys can see that Here and this is going to go into the Revisions and again again how bad they Are this is titled us jobs revised down By 8818 th000 and this goes on to say an Election year shocker second worst Revision in history back in March when Most of Wall Street and economists still Believed the lies being spewed forth by The administration gets a little Political about Labor Statistics which Intentionally uses an accurate rushed Data from the EST lishment survey which Is meant to pad sentiment and make the Economy appear far stronger than it is For this is saying propaganda uh Purposes and so they died in you know to Look at the uncooked version of what the FED published this first part was Interesting specifically we concluded That the BLS had overstated payrolls by 800,000 through December 2023 Furthermore we also noted that the Revision also means that far from the Stellar 230,000 average monthly increase in Payrolls in 2023 which the White House Spun um as direct evidence of the Benefits of the economy this uses other Choice words uh but that means that the True average was much less not 230 it
Was actually only 130 uh so the full Monthly change in payrolls this is that Full monthly change again as reported uh By BLS this matters because as we Reminded our followers this weekend Today at 10: a.m the BLS would publish Its annual non-farm payrolls Benchmark Revision it confirmed that we were right Almost to the dot again they they're Bragging Mitch about how they were right They knew there was about 800,000 they Said 800 so they were you know pretty Accurate here it is right here 818 now I Did star uh really what stuck out was Construction you know science Construction slowing down we had Actually a decrease uh in the revisions Still a lot of construction going on but I'm saying it is slowing down so that's Very interesting I circled this here Again how big is the 88,000 revision in Context and they're going to do a chart Below and it's going to show the 202 2024 revision was the biggest in the Past decade and the second biggest on Record so here's the chart right here You know obviously huge second biggest Negative payroll revision on record the Revision confirmed that as we had been Warning for much of the past year the Labor market started moderating much Sooner than flawed conventional wisdom Thought so much sooner than the FED Thought it wasn't until earlier this
Month that markets and economists grew Concerned with the release of the July Jobs report that set off alarm Bells With a weak pace of hiring and a fourth Month of rising unemployment but other Metrics like jobless claim and vacancies Have suggested a more moderate slowdown So pre-revision here we were revised About a 31.2% reduction and this goes on and on About the administration and things that Need to change but ultimately it paints A good picture imch of how again I'm not I don't want to get political this is an Everyone issue but it paints a good Picture that we really can't trust Anything that there's probably going to Be more revisions that the it appears That they're making the economy appear Stronger than it is so Mitch you know at This Point we really can't trust anything and So I want to ask you this question as of This point you know this journey you've Had on real estate mindset all of the Videos that we've made all of the things That we've said so far you know and then A lot of These Warnings actually coming To light what do you want to bring light To right now well ask yourself this with Regard to that article from Zero Hedge Why is it that a couple smart people can Get in a room and instantly prior to an Announcement know
Exactly what the number should Be and the people inside the Bureau of Labor Statistics which is a building Full of people can't get it right so the Idea that there should even be a Revision is complete nonsense you got One job to do tell the truth and the Only reason you're not is because you're Monking with the politics and you're Creating statistics that have no basis In fact and therein lies the problem so The next issue that I wanted to go over Which does tie to this specifically is The taxation of unrealized gains and I Want to make it clear that what we've Been doing on these videos is a Nonpartisan issue and how do we know That well there's 144 million homes in The United States there are millions of Acres of land that are owned by Farmers and all of these people in Reality as we are now discovering Because we've got signatures from at Least 47 states are being extorted by The cads Who are in charge of adhering To usat uniform standards of Professional appraisal practice yet they Are clearly ignoring usat their Databases are clearly corrupt and they Increasing values with zero Justification and So taxation on unrealized capital gains Well market value is a taxation on an Unrealized gain market value in the
Future market value is an unrealized Gain so that in and of itself is a Violation of the 16th Amendment to the Constitution of the United States of America the danger of any politician Stating that they want to tax unrealized Gains is a multitude of problems and I Want to break that down in as simple Method as I can so if you own an RV just For sake of conversation and you pay tax On that RV based on a $75,000 value you Would wake up one morning and be Demanded to pay a tax based on say $125,000 value because the appraiser or The RPA says that this is the future Market value of your RV and we don't Take into account Depreciation so pay us our money or We'll take your RV well let's think that Through for a second if the taxing Entity takes the RV they put it into an Option block and they sell it for 25,000 your tax bill was 13,000 1300 Based on a $75,000 value what did the Taxing entity accomplish well if they Put it on The Auction Block do you Realize that they just got 20x what they Would have received in taxes by taking And selling the asset they took your Asset they sold it they collected 20 Times more money by taking it and Putting it on The Auction Block the debt load in the country is so Great that if all the assets of all the
Billionaires were taken tomorrow the Cash would be wiped out in less than 20 Days and the debt Clock US Government Debt Clock would keep ticking meaning That those assets that are been taken And the method of taking them is Globally Destructive so anybody who makes such a Statement that taxation on unrealized Gains is good is an economic ignorant And should not be voted for on either Side of the Aisle and that's why I said yesterday Votes Matter any government employee who Promotes taxation of unrealized gains is Literally arguing against the economic Health of their own family their friends In their own Pocketbook Mitch you know what's Interesting is um it appears what Happened today was unrealized uh Losses and um you know everything is Just tied to fraud and that the fraud Has been going on for so long I mean we See it in the revisions I mean I mean That's to me it's clear manipulation you Got like you said you got one job to do It's 2024 I thought we had these AI you Know what about all the technology I Mean are you really saying to me that You need this long to revise this this Data are you you joking me come on right I mean man I mean this is sad and I
Think that what you know is it's just It's it's important to understand what Mitch is saying unrealized gains and Taxes on it is it's unamerican it's it's Not allowing us to really own the Biggest asset that we assume it's well We assume it's an asset we assume that We're going to own it's our house I mean Can we even I want to ask you this Question later and I'll ask you know can We even own our houses and what we could Do about that but I want to go under the Hood okay we're talking about Unemployment we're warning people Recession collapse fraud the numbers the Data is manipulated tighten up tighten Up tighten up be careful who you're Listening to um and I want to start Again going under the hood by something We've been talking a lot about Mitch to The viewers which is a potential bigger Problem obviously consumers super Important but commercial real estate so I'm going to read three headlines that's It just three headlines starting with This right here K closure now you guys Remember K is about 150 years old they Clos down you know hundreds and hundreds Of stores just hit home this is one of The first places I went to to try to Reestablish my credit uh when I lost Everything but K's closure and think About this leaves behind a swath of Empty retail industrial space in Texas
Their bankruptcy is going to cost us a Lot of money let's not forget that They're they're leaving behind a lot of Commercial property headline number two And look it guys this is all recent data This is from August 20th okay developers Push to make multif family projects Pencil as competition shrinks okay so There's this whole thing going on and And obviously Mitch is a season Developer he understands conversions but There's this massive push uh in Conversions like the government is going To help maybe it's grants there's no Problem with commercial real estate Extended pretend but my article headline Number three office landlords consider Demolitions as conversion challenges Mount August 19th and to me this tells a Story of what Mitch has been saying the True cost of some of this commercial Property is land minus demo we're we're Seeing this pencil out and so my Question to you Mitch is obviously these Commercial companies these corporations Have horrible balance sheets their their Balance sheets are unraveling and how Again I'm worried that the consumers We're going to pay the bill again right They're going to be bailed out but how As Consumers do we prevent their balance Sheets their debt these losses that are Mounting up in the billions every day
How do we prevent that from corroding Onto the balance sheets of homeowners is Is what do we do about this Mitch under The current system you can't right Because the federal government is going To go to M1 or M2 money supply and They're just simply going to print and When they print you end up with two Situations one the US dollar will Devalue two you will end up with Hyperinflation and you will have a Bifurcated market doing two different Things which will just completely Whipsaw people's necks because they Won't understand what's going going on But at the tail end of the day those Commercial real estate assets that are In the hands of those developers today As we saw yesterday when they're trying To dump their Equity positions the Reality of it is that blank goes Downhill and what you're going to see is It was going to go downhill into the Banks so the developers lose they hand In the keys the banks have the assets The assets aren't worth nearly what the Debt is the banks don't have the money To cover that off then they go to Daddy And Daddy and at the Federal Reserve Says yeah okay we'll figure out how to Bail you out the only problem is the Federal reserve's balance sheet isn't Even be big enough to even begin to Think about bailing this thing out so
The reality is and I think where you Were going with your question is how do Mom and Pop Prepare and the reality is Mom and Pop Should be looking at their Own balance sheet for lack of a better Word so if Mom and Pop said okay we're Both working we have money we've put Some money away in Investments etc etc If you think of yourself as a company That has assets and liabilities and you Start on a piece of paper and say what Are my liabilities well if your Liabilities are credit cards that that You cannot pay off within a 30-day time Frame then that's a huge liability That's a huge problem because somewhere You're paying around 20% in interest 18 Whatever it happens to be but that's a Ridiculous ulous amount of money going Out the door when you have rent and or a Home Mortgage if that money was not Going out the door that could be used to Buy down that rent you know in terms of Payment find some place someplace else But certainly to be able to buy down Your mortgage pay it off faster and that Really if you put it on an amortisation Schedule is a big deal um you can't grow Your assets when the real estate taxes Take any potential future gains making The profit on your house and po possible And that's why we've been pounding the Table that real estate taxes must be
Eliminated it is the only way to shore Up the balance sheets of mom and pop in Most cases Mom and Pop's assets are the House they live in and every year as Taxes go up even though it's in Violation of Law and US constitutional Law and States laws they keep trying Because they haven't been challenged but The bottom line is they've been Succeeding for multiple years years now And now you're seeing the result that Mom and Pop don't have the money because We know the 37% of the households be a Multif family and single family are In Harm's Way of going bankrupt Andor Losing the house that they live in you Don't own the land that's beneath your Asset and you end up paying in Perpetuity on what in essence is a land Lease that you didn't sign up for which Was created in violation of the US Constitution and the state's Constitutions owning the land beneath Your feet is how to build wealth which Which is exactly why the real estate Taxes must be eliminated in favor of a Sales tax something that is Quantifiable yeah I want to go back to Something you said that hit me okay you Said and and this is very powerful I Hope the viewers understand why I'm Going back a couple steps now you said Something that hit me Mitch with Commercial real estate okay commercial
Real estate trillions of dollars Billions of dollars you basically and And correct me if I'm wrong Wrong you essentially said that they're Too big to bail out would is that Correct absolutely where's the money Going to come from the FED doesn't have The balance sheet the the only thing That they can do is what Yellen was Saying the other day well give us more Money give us permission to raise the Debt ceiling give us more money means Turn the printing presses on if you do That on M1 and M2 you are literally Spitting money that isn't worth toilet Paper well Mitch I mean Here here's my concern I mean first of All to the viewers understand what he's Saying they're too they that's how much Money they've entangled us all in They're they're too big to bail out but Mitch I mean seriously man I mean isn't That exactly what's going to happen Aren't they going to get bailed out and This is why I say this and this is why I Ask you isn't the real victim here the Pension holders uh people that are Retired aren't aren't those the people That are going to be needed to be bailed Out Mitch won't they 100% they're on on The wrong side of the equation if you Break the economic engine who's the Economic engine it's Mom and Pop it's The businesses mom and pop own right
That's your economic engine if you don't Take it down to the level where that Money needs to go the hell with the Banks let them go bankrupt that's what Should have happened in 2008 2009 let Them go they caused this mess there's no Law that says the taxpayers are Obligated to bail them out let them die I mean do you think they will let them Die I mean I've been asking myself this Question for for I mean I don't know how Long but why why haven't they let it Bust already they should have let it Bust again in 2012 do you think that They're actually going to let things Bust which is natural boom bust boom Bust do you think they're gonna allow That Mitch there are smart people out there That understand that this doesn't have To be a Catastrophe this can be like I said Yesterday walked in such a manner that It will be rough but not a catastrophe There's two different things and again That takes the right people being in the Right place and none of this crap about Preaching while we're going to take Money in the form of unrealized gains That's just the dumbest thing on the Planet and that shows you that they have Nothing more than contempt for Mom and Pop and to your point on the pension Holders who do you think the pension
Holders are it's mama and pop it's not Morgan Stanley Morgan Stanley is just The monkey in the middle who gets paid a 2 and20 fee and in reality they got Their fee so when you know what it's the Fan uh the reality of it is that Morgan Stanley will walk away with money in Their pocket and Mom and Pop the pension Holders are going to get screwed they're Going to get screwed on their mortgages They're going to get screwed on the Devalue devaluation of their homes Because as I said what do you think is Going to happen with 30,000 homes in Your community I.E Denton hit the market All at the same time that's that's a Vortex that just goes straight into the Earth it it can't be fixed when that Happens right because everybody goes Into panic mode you got Banks dropping Off you got Office Buildings dying on The vine fourstar hotels Dead it's a very serious problem that Takes real people that understand what It is that we're talking about here and Until they're willing to listen whatever They've got coming to them they Deserve well I hope there's enough good People that step up Mitch um now Speaking of the struggles of the Consumer the fact that Mom and Pop I Mean they really can't afford this let's Look at the bankruptcy statistics now And this is recent data a couple things
On bankruptcy can bankruptcies get Higher 100% 100% they can but what I Really want people to understand is the Trajectory all categories of bankruptcy Business personal all categories of Bankruptcy is skyrocketing and then you Want to talk about commercial real Estate foreclosures or skyrocketing but As far as the most recent data has been Updated right now uh and as if this goes Up to June 30th 2024 looking at a 12-month period we're at 464 553 total bankruptcies now 273,000 of those bankruptcies were Chapter 7 bankruptcies that's where Consumers just walk away from all debt Generally right um You can't really have A house chapter 11 is business Bankruptcies that's at 376 but take a Look at this guys this is a a Chapter 13 Bankruptcy we're now sitting at 9,829 this is what I refer to as Homeowner bankruptcy because if you're Homeowner generally and I'm not giving You advice here but from what I know Generally you're in Li of foreclosure in L of foreclosures a lot of times an Option is to file chapter 13 bankruptcy So you see that distress again can this Get higher much higher but the Trajectory of this it is going up so the These are facts behind the scenes main Street's getting wrecked Mitch you know The level of fraud right now I mean it's
It's crushing Americans can you break Down for the viewers you know what Rico Is how does Rico come into all of This okay so Rico is both state and Federal law that codifies Racketeering And we have a board member at a cad this Is a board member at a cad who will Testify that she even as a board member Was told to go get a second job to pay The taxes Well the cad creates the debt and then Demands the payment and that is the Definition of rerum and that conforms to All the criteria as established under Rico this board member is not the only Person who's reached out to us under This one issue alone we have other People with audio being told to go get a Second job and as I've said the cads Create the values in the case of what's Happening in Texas in violation of 2301e which is in the Texas property tax Code and in violation of usap and in Violation of uniform and equal under the Texas Constitution so they create these debts These debts aren't real right it's fake It's made up as Charles Stafford says You Mr Don Spencer and your team are the Masters at Guessing well that's the definition of Reco if I create a debt and I put a gun To your head and the gun is I'm going to
Take your property if you don't pay that Debt that's Recall and I'm quite certain as we are Putting this video together um there's Somebody that's actually looking at They're studying both state and federal Reco laws and in fact they've put their Sheriff on it already and the da is Looking at in this one County so there Are people that are beginning to wake up And smell all the coffee more Mom and Pops need to get to their da and say This is what has happened to me and to That point something that just came in Literally 40 minutes ago I'm holding in My hand and you probably can't see it But that signature right there I'm gonna Read something to you the guy who signed It his name is Harold Brown chairman Appraisal Review Board of Johnson County it is therefore ordered that the Motion be denied and the 2024 appraisal Rule not be changed the value of the Property remains $589,950 th000 I want to show this right Here okay so I can't quite see it There's the number 3995 it's on the market today for 399,00 Mr H Brown should be put under investigation For criminal Liability this is straight up Rico it's Straight up racketeering there is no Math to back that cat
Up and if it's on the property if it's If the property is on the market for 399,000 we found Comparisons we just did it on our own at 350 how in the hell do you justify $599,000 or $589,000 You Can't you violated a Texas property tax Code you violated usap you don't have The evidence to back you up and you Don't give it and you're stupid enough To put your signature on It if I was somebody in that particular Community I'd make demand a for him to Quit and B I'd be seriously looking at Litigation lots of um lots to unpack There Mitch Lots unpack there so I mean Me here's ultimately you know what we're Saying what's going on here I mean Massive massive revisions right we're Being misled I mean and not only we Being misled I hope you guys are also Realizing unrealized gains they're Trying to tax our futures I mean it's Already tax it but they're trying to tax It even more and they expect us to work Through it they expect us to stay Enslaved in debt and not to worry and to Continue to spend but what we're saying Is it's it's the cracks are there the Writing's on the wall there's potential Economic depression I mean Mitch I mean Let me ask you this man I Mean you know having said all of that
Understanding the game that we're Trapped In how do you enjoy life man I me what's The solution here how how do you look Through this and how do you find Happiness I think it's a very difficult Situation for an awful lot of people but The first solution is knowledge if you Know what's happening then you can stand Up and defend yourself as best you can But to take this crap laying down is the Exact opposite of what you should be Doing because if you don't stop they Will bankrupt you that's that's the goal Here I mean that's absolutely clear and Under Rico just so everybody understands Violations are serious felonies Punishable by up to 20 years or more in Prison with steep fines some as high as A million dollar so the idea that it can Be prosecuted in the state level it can Be prosecuted On the federal level is important There's all sorts of laws that they've Broken and there's all sorts of penal Codes that but if you know how to defend Yourself in a property value suit and You're successful then you can take it Up to the next level and find some People in your community say okay look We'll join forces and we'll do the same Thing we'll sue these individuals we Will sue the individuals of the arbs we Will sue the chief appraisers we'll sue
Everybody in sight we'll sue the rpas For uh for perjury we'll do what we have To in order to put a stop to this and on A larger scale you know we've amassed on The website a tremendous amount of Evidence and I've asked people if There's anything that you see that's Wrong let us know we'll be the first People to take it down we'll say we're Sorry but we'll still have 1100 some odd Documents to follow nobody has been able To find anything that's wrong not under The laws that exist not under the Documentation we've put together why Because most of it's government stats Most of it is their testimony it's their Videos it's their audios they can't find It so I thought about this last night And we've had over 800,000 views since We started this video Series and I believe in the First Amendment to the Constitution of the United States for free freedom of speech And to that Point I'd like Don Spencer the Chief Appraiser for Denton Central Appraisal District the board of Directors the ARB members npas decads Attorneys State contoller and their Attorneys I'd like to invite them to a Debate And we'll sit down I'll buy the Cappuccinos we'll offer them the Opportunity to have an open dialogue and
Just talk about it whatever's on your Mind you can say I'm wrong to my face I'm I'm a big boy it's okay and we'll Talk about in front of the public I'm Sure we can find a studio somewhere Something that'll hold several thousand People I think the public would love to Hear what it is that those who are Getting paid to take the real estate Taxpayers money what they have to say And what their defense is I think it's Reasonable I'm sincere about it I I want Don Spencer to come and talk and I'll Give you 15 to one odds the 15 of you Can get together you can correlate your Answer that's perfectly fine it's just Me little old nobody oh he's going to go Away me I'm here want to have a debate Let's go I think it's the right thing to Do tell the public why you're doing what You're doing show the public the math That you're using behind usath and I Think frankly that should actually be The very first Question what math are you using behind Use Pat show it and then it'll be my Turn well I hope you get that turn and You know Mitch you Mitch you know guys He's got a we with words so I'm going to Break down I'm going to break that down Right so the question was happiness okay He went he's gonna he went and Le LED You he led you to happiness just then But I mean it starts with knowledge
Right but it just starts there because Knowledge can be scary Mitch right like Look at the pyramids in Antarctica but Anyways I won't go there I mean my God I Have kept my mouth shut about so much You know starts with knowledge you know Pushing for prosecution right what's the Point of laws if they're not enforcing It so maybe reaching out pushing for Prosecution defending yourself if you Know you're being taken advantage of That could start you know with the next Thing which is uniting joining a Community reaching out for help and then That should breed change right that Momentum should be change which will Lead to happiness is that kind of in a Nutshell what you were saying there Mitch yes because with with knowledge Comes Clarity you will know who's taking Advantage of you you will know who's Lying to you you you will know why They're lying to you and then you can Make change that's Clarity and when you Understand that all of a sudden the sky May be looking like it's coming down but I've rescued enough companies over the Years that that's really not the case Right the number one goal here is get Rid of these property taxes so that you Mom and Pop are in control of your Future by owning your house and building Your own balance sheet and that's why What we try to do here today is connect
The dots on these issues because in Truth they are all correlated right We're all doing this for one simple Reason that's because these cads are Violating every single law under their Charge they're charged with adhering to The laws and they have broken every Single one without Exception I mean Mitch they've committed Crimes against my children man I mean I Mean I don't feel good about that but I Mean I want to know about it you know I Want to I do want to know about it I Want to create change I want to Prosecute and again if you guys want to Be a part of that you know links the Description join the petition look at The evidence debate Mitch reach out to Him if you disagree please I mean it's It's it's about change it's not about Hiding it's not about being lazy and so Mitch again brother thank you for your Time thank you for helping me to break Down the revisions thank you for going Under the hood thank you for you know Addressing the real problems uh and then Creating a solution for those that want To do something about it obviously There's gonna be a ton of people that Don't that's fine but for the people That do find out follow those links look At the evidence Mitch again appreciate You brother to the viewers if you guys Are out there investing in real estate
You guys already know we wish you luck And we hope you win
