Happy Friday and welcome back to real Estate mindset today we're going to go Over all of the recent data on the job Market an employment information we're Going to see what impact that has on Mortgage interest rates we're going to Tell you guys the problem with an Amortization schedule and the meats and Potato Under the Hood part of this video Is going to be Mitch talking about and Explaining to you guys The Twist which Is the Federal Reserve and the crime Which is the false fraudulent indicators And we're going to use things like the Roman m Empire to tell that story now Before I continue Mitch happy Friday sir Thank you for your time how are you Today it's as usual it's been very long We actually received another lawsuit That came in so I late last night about 11 o'clock I sent it over to Matt Noak My attorney um I think I want to write An amicus brief in support of it but That one is almost neck and neck with Where we are complaining about a very Similar situation of fraud so that's Pretty interesting I'll be working on That for most of the day today I mean The power of community Mitch the power Of speaking a great message via video It's overwhelming man I'm so proud of What you have accomplished just a month Of knowing you uh and you guys don't Forget if you guys want to be a part of
Fixing the system the best that we can And honestly it won't take a lot of us Don't forget in the description there's A petition sign that petition that's Step one it will take you 10 seconds Step two though is under understanding What problem there is understanding what You can do as an American citizen to Create real change and all we ask you to Do is save your money learn how to save Your money so in that sense I also have A link to the fight property tax course Below it's only 50% done but if you take It it'll probably take less than 30 Minutes the lessons are about 50 seconds Long if you take it you will understand The difference in things like assessment Value versus market value what a cat is Things of that nature you guys as 100% Free for you we've been working Tirelessly to make that so half of it's Done for preview but Mitch let's jump Into the market right now so US economy Adds 142,000 jobs as unemployment rate Drops from 4.3 to 4.2 but you guys don't Forget there is a tendency to revise This data downward but regardless this Is the data that came out now let me Show you the impact on the market very Insane Mitch absolutely insane starting With the vix the vix Mitch oh my so the Vix was up up to $22 right it was like Double digit on the vix this is a Measure of volatility and then the job
Numbers come out unemployment goes down Because the market is fooling you okay And the the vix drops there's no more Volatility Mitch the the there's no more Volatility according to this really Crazy moving on Chicago feds goldsby Says job and inflation Trends and unemployment went down this Is how sideways everyone is and how Corupt everything is uh justify multiple Interest rate cuts and soon now let me Show you the tenure the the tenure Mitch If if you can see this the volatility And manipulation in the treasuries is Something to speak of the treasury Jumped up about 13 basis points from Where it was at you know right before The job numbers and then it jumped Downward and now it's back up again I Mean again the volatility is is Something to behold here's where we're At with the Futures the Market's not Open yet by the time I have this edited The market probably will be open uh and Mitch is going to talk about this here In a second but the Futures have Actually started to reverse the Futures Were down pretty drastically right Before the unemployment came out but let Me show you guys where we're at as far As mortgage interest rates now mortgage Interest rates over the last few weeks Have been plummeting and I say Plummeting because they've gone down
Nearly 100 basis points but right now You're looking at today's mortgage rates This is as of yesterday this is this Updates around probably in the evening Afternoon sometime but what you guys see Right here the 6.35% is a residential Mortgage rate and this represents Conventional mortgages now if you've Been following along with me if you have Been taking my courses you know that Generally and this is my opinion I'm not A financial adviser if you shop your Mortgage and you you know remember the In after the first inquiry there is a Grace period that the second inquiry Won't hurt you for a number of weeks if You shop your mortgage generally with a Broker you should get about a half a Point lower than what you see here and Also one more thing before I give it up To Mitch FHA is lower all right it is what It is FHA is lower FHA is already under Six more than likely if you're shopping Right now and you get an FHA mortgage It's not going to be 5.72 it's probably Going to be five and a quarter y'all so Rates are near Upper 4 perents right now With FHA here is the demand index so I Wanted to show you guys that yeah rates Have gone down you see that with the Orange line so the Orange Line Represents interest rates so you guys Clearly see interest rates have been
Dropping now above that you're going to See the purchase index so how many People are actually purchasing houses And you see that it's actually gone down From the 7.22% so demand has actually Dropped as mortgage rates have dropped Now last thing here guys before I go Into the amortization schedule and we Talk to much more seei fed watch has Flipped again the market is now on Anticipating 51% of the market is now Anticipating a 50 basis point rate cut In September I mean this flips 12% after the job numbers which everyone Knows are fraudulent and everyone knows They're going to revise and the and see Me still flipped I it's just so crazy There's no consistency at all in the Market there's literally no direction And so I want to end here Mitch and then I just want to give it up to you um Because I really want people to Understand you know that right now it's Almost a slam dunk almost a slam dunk to Rent over by right now until the math Makes sense until the economy calms down This is an amortization schedule okay And what I've done is I put at the Average loan amount of 324,000 I put in Today's rates of about 6.35% I calculated the interest and what I want to show people is your rate's not Really 6.35% the way that these Amortization schedules work your rate is
More like 120% again your rate's more Like 120% because look at all the Interest you pay back you pay back a 41,000 in interest and here's an Amortization schedule right above my Head right here you guys see that in Five years of paying this note in five Years you pay down about roughly about 20 little more than 21,000 that's it so if you really want To conquer these amortization schedules If you guys paid the first year of Ownership about 22,000 towards your Principal y'all just knocked out five Years of your loan and in case in point Look at the first year you paid $2,466 In interest but the last year you only Pay $811 in interest and the year before That $2,246 in interest so what I'm saying Y'all is these amortization schedules Are Front-loaded and if you don't pay Attention to what's going on here you Will be trapped in this type of debt so Again I'm showing you if we're renting We're free less stress uh the landlord Will fix our stuff yeah we're wasting Our money per se 100% in interest but if You buy a house you're going to be pay 120 130 140% in interest and Mitch you Know this is not even including things Like property tax homeowners insurance
Uh HOA assessments maintenance it's not Even including all any of that so can You go into you know what's going on in The stock market first of all people Going to want to know what's happening There even though they probably have no Money in the stock market Mitch and then Will you head on over and kind of end This segment talking about you know how Much worse that amortization schedule Really is when you add the taxes and Insurance and things like that sure so Let's go kind of back to the beginning Because I took my notes and that was Quite a bit to follow up but here we go If you had a briefcase and inside of That briefcase was a Document such as Mr Po the Federal Reserve chair and he has a briefcase and Inside that briefcase are his notes as To what it is he's going to say at Best In terms of what you as a retail Trader And or a professional Trader could do is Simply a 5050 bet one way or the other And where I'm going with that when I Said that these reports don't matter They don't matter because the market is Going to do what it is going to do Sometimes the market when the algorithms Kick in after an announcement will go Positive and in fact that is what Happened today in the NASDAQ and the S&P So the markets were generally down the Report comes out at 7:30 and the market
Reverses well remember the markets are About price Discovery so they're going To go up they're going to go down They're going to bounce off certain Holding points or pivot Points that's Just what they do so the idea that Somebody can gain it on a short-term Basis um there's pattern on a short-term Basis but on a on a longer term basis Can you gain in a day and say this is Where the Market's going to go no what You could do is look at the offense Chain and say within a 30-day period or A 60-day period or a one day period Because they actually have zero day Options now you could gain it that way Using the Delta as the Probabilities but to that point if People actually understood and could see It in advance you would have an Explanation for what happened two weeks Ago on a Sunday night when the market Liquidity dried up in other words would See it and you went from volatility the Day before of roughly 19 to Monday Morning at 52 that I believe in terms of its Importance has only happened once out of Three times in the history of the stock Market in other words it doesn't happen Well that proves my point which is you Can't see it in advance and the market Is going to do what it's going to do and All this other nonsense about these
Reports some people swear by them but The trth truth of the matter is they're Not based on math and we even know that The Federal Reserve their actions are Not based on math they have the ability They got 23,000 people in that office They've got the ability and they even Have something called a mle and office Uh report which is great but the problem With that report is that it depends on Certain types of inputs and those inputs Have to be accurate so first you have to Set the criteria here and then you have To take the inputs here and tie all this In this has got to be accurate and you Got to Define and not monkey around with Your original criteria criteria inputs If you can't get this stuff right the Reports don't matter they're completely F fraudulent because nothing in them is Dependable I.E the employment report so Then you come to a guy that you Mentioned in one of those articles by The name of gouby I think he's a Professor if I'm not mistaken seems to Be a very nice guy bottom line is he's a Head without the benefit of in and I'm Not picking on him on a personal level But when you get on a program and say Well I think this and I think that you Just violated everything I just said Which is you have Delta you have an Options chain come at me with some math And tell me why you think it I don't
Give a damn what you think I really do Care seriously what you can prove and That is the underlying point when they Get on the air and all these people are Yipping and yapping it doesn't matter Stop listening to them because you're Just going to drive yourself crazy and You're going to make stupid decisions It's one of the reasons I'm surrounded By monitors and TVs I haven't watched The TV in years I don't want this stuff Dancing in my Head everything I need is Sitting right there on that Chart so over and above that with regard To your question about Debt debt is a good thing it can be Handled when you know how to handle it But if you don't know how to handle it And you don't know what is included in It and you can't Define well my property Taxes aren't included my mortgage Insurance isn't included an amortization Schedule is just simply based on the Debt when you actually take those other Items in and you can do that in an Amortization schedule you can literally Say my cost in months 11 is going to be X Dollar in terms of taxes etc etc you Can build that into your amortization Schedule so not only you have the Amortization schedule but you have your All-in costs and those all-in costs Equals your Allin budget those things Combination will tell you what the truth
Is the truth is in the numbers not in Listening to what is coming out of Talking head's Mouth yeah honestly Mitch you know I'm a I kind of wear my heart in the sleeve I I want to trust people right I want to It's in my nature to trust people but I Verify and even with you and this is You've blown me away so much because I Verified what you were saying right I've Used math to verify what you're saying I've gone into my own markets and said All right let me look at the school District and boom a lot of what you said Though as far as the overvaluation and Cad and taught me there the systemic Depth of that you know I wasn't able to Articulate it it wasn't until I met you Where you helped me see the missing Pieces of the puzzle that it really Started to click to me so if we can let Me do a thought exercise with you and For the viewers because I want them to See that you know what you're saying how The market is actually doing exactly What almost exactly what you think it is So the market hasn't open we're in Futures right now here it is right here Obviously it was it's it's crazy it kind Of it's back up in the green it was Deeply in the red you know before it Opens and we're about six minutes away You guys can time that if you want my on The bottom right you see the time how do
You think this sucker is going to open And how do you think it's going to go Throughout the Day one two three it's probably going to Open up and in about a half hour we'll Start reversing so So reversing downward yeah okay so about Half an hour about I'm not perfect but We'll see how this plays Out so far you've been you've been doing Pretty good because I I have all kinds Of data and when Mitch says something I Look at the data I'm like oh my gosh How'd you do that how are you doing this I mean you you don't listen to people Mitch you're just using math to find out The truth is that fair to say yeah and I'm not looking at my spreadsheet but on My spreadsheet I would literally right Now plug in the vix if I was really Going to trade this I would literally Plug in the vix I would be able to Determine within the next five minutes Or 15 minutes What the market would do at the high end Or the low end of that 15minute time Frame so I've just gotten used to what These patterns are looking like but I Wouldn't trade the pattern I would trade The pattern plus the math so I'm looking For the market to spike even though it Could be a small spike in a one minute Bar but if it's spikes up and it's got a Tail that tells me that people are
Looking to go short so I take that Information and then I figure out okay Here's the high here's the low based on The current volatility it's a formula And then I know if that's where the low Is I'm aiming for that low so it's a Fairly shortterm uh trade and they That's all it is right but you can apply The exact same math in one day in one Week and then you could take it up one Level and look at the options and say Okay the Delta on the options gives me The probability of it hitting X point so If that probability is only 3% that's a Low probability trade and everything That I do even through the statistical Analysis of standard deviation is all Based on probabilities it's got nothing To do with people yipping and yapping Because it's they're wasting my time They're wasting everybody's time in Truth and frankly that's why so many People are in trouble because they Listen to what's happening around them Well I got to keep up with the Joneses And on CNBC it said this and on MSNBC it Said that and on Fox it said this and That's where gouby spend some of his Time Um the bottom line is they're just Talking heads without the benefit of Intellect because they refuse to look at The Mask and I'm going to try to get you to
The Twist and the crime Mitch uh but First let's take a step back and I want To get your thoughts on you know Something I've been thinking about Something that again you've helped me Put this puzzle together there's it's a Complex puzzle man and part of that is You know my feeling Mitch is the Quantitative tightening and the job loss That the Federal Reserve is causing uh Which should be illegal by the way the Federal Reserve should be illegal I'm Wondering if that job loss that the Federal Reserve is creating is a result From the elites or the Banks bad spending habits are they in Other words the wage Gap right they're Bailing out the banks they're causing us To be fired and all of the data is Manipulated so as consumers we can't Prepare for the challenges that are Coming and it's very disheartening Mitch So here again here's the unemployment it Did go down to 4.2 you can clearly see The trajectory going up everyone talks Not everyone not the Bulls uh some bulls Do though there are some good ones is Going up you can clearly see that Trajectory going up so under the hood a Lot of damage uh here's the 10 and the Two I know you know Mitch doesn't like Looking at this and I understand why It's it's greatly manipulated this Indicator no longer works it's full of
Corruption and fraud and manipulation But regardless we have uninverted and Then inverted again so Based on like if we can trust this the Clock has started the recessions are Either here or right around the corner We see that in the inversion it used to Be trusted a lot of people and I think M Mitch would make the point that as soon As we left the gold standard I mean a Lot of the stuff is trash I wanted to Bring your attention here Mitch we have A new low for the reverse repo market so New luno new low from when we hit the Peak which is good finally right finally The I kind of look at this as the Suspension for from the elites okay this Is like the excess money it's going down So it has dropped to 291 billion by the Way that's still a ton of money uh but This is a new low right here so the There are some indicators but really What I'm interested in is getting you to Articulate for the Viewers you know How you know can you just explain how Bad the QT is for America the Quantitative tightening for American Households Yeah the quantitative tightening Shouldn't happen neither should the Quantitative easing I am a huge Proponent literally to put chains on the Doors at the Federal Reserve so when you
Look at these reports that you were just Showing if people understood that Quantitative Easing in reality is a way to back stop Problems with the banks however Quantitative easing creates Inflation and and inflation is a tax so All that is happening and all these Things are hooked at the hip when you Have a tax throughout Society right Because it affects everybody it doesn't Matter who you are if you're a Restaurant owner you're affected if You're single family homeowner you're Affected if you're a multif family Tenant you're affected so the Quantitative Easing creates inflation you print money In order to help back stop the banks Whatever crisis the FED is creating Because in truth they've never been on The right side in advance of a crisis They've never stopped a crisis they're 100% reactionary with the idea of being Able to back stop the Banks the point of the matter is they Shouldn't exist because that's not Normal Market human Behavior normal markets are clear you Let the market do what the market has to Do including the banks holding proper Tier one Capital reserves which they Don't which is why you need the Federal Reserve pumping money the problem is the
More money they print into M1 and M2 Then the greater the inflation the Greater the inflation the greater the Taxation and that's what you're living Through now when you go to the grocery Store and you buy orange juice and you Say well holy mael this has gone up 200% In less than 12 months yes and that is a Direct result of quantitative easing It's a tax the inflation we're seeing is Quantitative easing equals inflation Equals a tax That's why you've got less money in your Pocket and that actually comes back to Why we we're talking about eliminating Property taxes on the houses however Different topic with regard to the Repo okay and you're saying that that's Down here's the point when things get Bad for the banks that's going to Reverse and it's going to double up very Quickly why because the banks are going To need to put their money into that Repo account at night time in order to Keep the lights on at the banks because The government pays them interest to put That money into the back into the Coppers of the government even though It's overnight however the banks are Dancing on a raor blade they don't have The tier one Capital it's been proven in Multiple articles and we just had one Recently like three four weeks ago here In Dallas they had to go raise 247
Million of investor Capital otherwise The Fed was going to walk in on Monday Morning take the bank they they got Lucky they got the money but that bank Was doing deals this is a bank in Dallas Doing multif family apartment deals in Downtown Los Angeles it's Inexcusable it's illogical it's Inexcusable they haven't got a clue they Don't even understand the tax structure So the point of the matter is why are is The Fed rescuing and stepping up to Rescue the banks you're not going to Rescue the system this time around it's Gone too far we we went through that I Mean the parabolic debt level is such That there's no no money left to pay mom And pop of 37% of your population which Is what we we've shown household Population cannot afford right now the Roof over their head there is no more Money left to pay 67% of the population True true property owner population in Denton County cannot afford what Don Spencer is saying is the median value of A home well 67% can't afford it 37% are Going to lose a roof over your head it Proves the point there's no more money To Steal the debt Central Appraisal District chart has gone parabolic the Tant appraisal district chart in terms Of the debt loans which is why the
Schools are showing up to say You must Increase the property values has gone Parabolic the Federal Reserve numbers Have gone parabolic that's three sets of Independent criteria three sets of Numbers all parabolic proving the point That there is no more money left to Steal once you understand that then you Say okay the repo is complete nonsense The quantitative easing is complete Nonsense they can print and say whatever They want and it gets worse because Quantitative easing equals inflation Equals tax those are your inputs and Then over here they've got the Manipulation machine running say Everything is fine well if everything is Fine then I would love somebody to Explain to me how you've got three sets Of independent criteria all Parabolic well you know Mom and Pop and The consumer the citizen that's as you Say constantly the economic engine Without that economic engine without Consumers mom and pop doing well I'm not I didn't even say thriving but surviving It all comes crashing down and so do you Think Mitch that you know and I know we Have a lot of data you and I have gone Over a lot of data the the charts with The Federal Reserve to me that's Probably one of the biggest indicators On what's happening but do you believe The trajectory of
Unemployment is a good recessionary Indicator no because the numbers are Cooked the books are cooked there's Simply no way this is 4.7% or 4.2% call Whatever number you want why because the BLS the numbers that they're pumping in Remember I said over here you've got to Get your criteria right if you don't Count how many people have two jobs how Many people have three jobs if you don't Take your information coming out of a Survey at a grocery store your input are False because you didn't even hit Criteria number one you didn't talk to Mom and Pop right you were backfilling data to Create a narrative The Narrative is a Straight up line you got 20 million Illegal aliens that have come into this Country Okay add 20 million to the 4.7 Congratulations it's 10.8 one number one You got 10.8 the report is complete Nonsense that's good that's that's good I didn't even consider that you know Great point you I know we can't trust The data you know um it's hard for People to understand what's going on When they're constant constantly being Lied to and the people that are coming Out to warn people are being belittled They've literally the media the elites The professionals that are on the Payroll Realtors um financial advisers You know they don't they don't like us
Man they don't like us and the reality Is is these professionals Mitch and I Think when I you know Allan Greenspan said this I think pretty good I think this 2008 2009 but Congress Asked Allan Greenspan the Federal Reserve before Ben Bernachi what he missed right like why Did we go into the GFC why did we go Into the great financial crisis and Allen Greenspan in so many words said You know what caught me off guard People's dishonesty in so many words he Said I assumed people were going to be Honest and you know we don't have to Guess if this data is being manipulated We just did a video on the 88,000 jobs advantag it's very Discouraging because I no matter what Party represents our country Mitch I Want them to do well right I vote for a Certain way but regardless it's you know Whoever's in office is technically my President and so I want to see them do Good things not only here at home but Around the world and when you're lying To Citizens and manipulating data and It's always the same thing I don't I Don't trust I don't trust them I don't Trust the data I don't I don't trust our Government and it's a it's an absolute Shame all right let me get you into the Briefcase I want to pull up the Zero Hedge we'll talk about some false
Predictors But you know can you explain one more Time you you said something that the First person that said this Mitch that I've listened to about how and confirm This you believe it's possible that if There is some type of additional Q Quantitative easing or stimulus you can Actually see or even if there's not you Can see reverse repo jumping back up is That correct well that's a guarantee Because the banks can't make it there's Too many banks in the system now the Federal Reserve mathematically cannot Rescue everybody it is not going to Happen so they'll say to the bigger Banks okay put your money back in here We'll pay you X dollars this is 2007 all Over again except it's worse because of The rule of 72 they' managed to Monkey Around for multiple seven-year stretches Kick the Can down the road and increase The debt to the point where it's now Straight up parabolic and there is no Money to pay for it and then with regard To what you said a second Ago here's how twisted this is what We're talking about here on these videos Is purely non partisan right it doesn't Matter what side of the table you are on The reality is eliminating the property Taxes is good for your family it's good For your friends and it's good for your Pocketbook
And to the point that George gamon and His attorney Robert Barnes brought up This problem is that it's so systemic in The fraud that these people are Literally making their living on the Backs of real estate taxpayers it's not That we don't want to pay tax you want To pay tax that is quantifiable not Subjective they've taken something that Should have been quantifiable under Uniform standards of professional Appraisal practice if you do what the Law says and turn it into something that Is 100% subjective and in truth criminal So yes there's a lot of people that are Very annoyed at not really Us in truth If they looked in the mirror they'd be Annoyed at themselves but this is not a Partisan issue everybody on both sides Of the aisle or three sides of the aisle If you want to count the other one Should be standing up and saying yeah We've got to reverse Force because if we Don't you are going to end up in a Greater depression that's what those Charts are showing when something is Parabolic and there's no money that's Means there's no explanation that's why I said you either get in front of this Market because when this Market kicks in And it does it on its Own you're not going to be able to blunt The damage get in front of it and you Can blunt the damage there will be pain
But it's the right type of thing to do Because there is a solution to This and also you know another point is That's kind of blew me away is again When we look at the parabolic charts you See they can't use the math so it's like Why are they not not using the math why Are they using usap which again you guys Is the uni for standards of Professional appraisal Practices and standard deviation they're Not using the math Mitch because they Can't if they use the math they will go Broke tomorrow um and so I wanted to ask You they're broke today let's get this I Apologize you're right I I'm still I'm Still processing everything that you've Exposed me to but let me ask you do you Think that an event some type of event Collapse will happen when the reverse Repo Market reaches zero do do you think Anything will happen if it when it Reaches zero if it ever reaches Zero um the reverse repo will not reach Zero because the banks are greedy and Wow the banks will get into trouble and When they get into trouble which they Are right now it's just a question what Day is going to be what trigger and Nobody has the answer to that but when You look back at the at the parabolic And the cost there is no money to Ru Whether you say it's 163 trillion or 147 TR it doesn't matter there's no money to
Pay for it they cannot steal more money Than what they've already done because 37% of the household and by the way Central Appraisal District we're seeing A very close number on multiple Districts not just in Texas but we we we Drew down Ohio yesterday well Ohio was Like 35.3% of my m is right so it's 35 37 41 They're in very tight bracket it's quite Interesting that regardless of the size Of the population of a county that same Type of 37% number call it in the middle Keeps appearing so it proves the point That this is not just an issue in Denton County this is an issue across the United States we're seeing it everywhere And that's why we've got so many people Sending us information saying well this Is my case this is my case and when you Get into the math and you're able to Draw down that we did um you see it Clearly this is a huge problem Let's go into now why people don't see This clearly and why there's so much Division obviously it's a plan a result Of the intentions of others but this is A really great Zero Hedge article Mitch Again man thank you so much I get how Many how many emails A Day Mitch would You say you send me and we send each Other would you say depends on the day Yeah exactly prob dozen I mean the Greatest information this really is
Perfect for what I want you know want to Continue to discuss and have Mitch Articulate name of this article and by The way you guys this was out September 4th so it's very new what if all the Conventional models fail to predict what Happens next and the first thing I'm Thinking when I'm reading this headline Mitch is you know what models there's no Models it's all fraud that keep revising The data and it's taking me a minute to To get that through to my thick head Mitch my thick head Mitch you know Because I was raised a certain way so It's taking me time but I want to read a Couple things here because this this Story really brings some really good Perspectives and articulates the issue Pretty well and it states I a truly Staggering amount of content is aimed at Predicting what happens next aka the Future and justify these people justify Their predictions by referencing models That are presented as Rock Solid Predictive tools got to be careful there The majority of these models are based On historical examples that have been Distilled into models of how the world Works like it's the Bible almost I.E Claims that these were not one-offs or Outliers but examples of dynamics that Will play out tomorrow as they played Out 10 years ago 100 years ago or a Thousand years ago just a couple bullet
Points and I'm going to uncage you Mitch U not that you're even cage but this is It just again it's fascinating when I Was reading this I felt refreshed Because it's like ah thank goodness There's someone else that sees those Hazarding predictions typically start With a model Keynesian economics for example that's Something that I've been preaching to You guys for the last few months about The Keynesian economics Keynesian Economics is essentially government Intervention it's essentially the Federal Reserve Austrian economics is More capitalistic Austrian economics Says if the government intervenes it Will eventually make the problem worse It will devalue money it's not fair but This goes on and then seek data to Support their model of choice it is Rel Relatively rare for an analyst to start With a mass of often incomplete and Contradictory data points and Hazard a Prediction about what happens next Without proposing a model and that's the Math Mitch was saying he's like okay These are some crazy statements but Where the heck is the math and that's What I've learned to really respect About Mitch he doesn't have to listen to The words of people he has so many Different formulas he could just use the Math and come to a pretty accurate as
I've witnessed Conclusion for without a the theoretical Model Skeptics can quickly claim the Data was nothing more than a oneoff and Therefore of little predictive value I See that all the time and there just Four bullet points and we're done Lacking evidence and understanding of Invisible Dynamics will conclude Thunder Guys listen to this okay we're we're We're all we're farther than this but This is what's happening okay we Conclude that thunder means that God is Angry you hear where they're going with This guys we tend to think we've risen So far above such casual errors that our Understanding is now essentially Godlike When I read that Mitch I was like oh my Gosh this is explaining Society I mean This is really really explaining the Problem with Society I mean we're in the Age of information and I feel like Society is is more stupid and the only Thing I can come up with is we've been Successfully blinded by over information Because we have so much information I I I wouldn't expect these same things to Happen happen and this goes on but Suppose none of our models are actually As predictively useful as we imagine Okay suppose the Keynesian economic Model will completely miss the mark like The Austrian economics say and following That model is simply doing more of
What's failed and then this last star Right here the possibility that all of Our models will fail to accurately Predict what happens next rarely happens To us for it moots the entire project of Making accurate predictions and mapping Our responses when I read that Mitch That's like poetry I love it I love how That broke that down can you explain to The viewers now in more detail The Twist What's the twist what's the Federal Reserve doing how does the briefcase Work how is the market stupid the mic is Yours my Friends so let's start this way past Performance Is no guarantee of future Performance and that article in Zero Hedge literally just made my case of Everything I've been saying in the last Three weeks when you've got these are Supposed to be your inputs and some of Them are missing these are the criteria That help feed the inputs additional Information well you didn't even get This stage right this stage is also full Of Errors so this really comes down to Financial engineering human behavior and When you do that you have a goal you Have an agenda your documentation and Your reports can only end up being false Reports they are false Narratives and that is what is being fed Through the media so these stories get
Picked up but it will always end in a Bad result because the reports are a False narrative the reports are based on Financial engineering human Behavior and that is why you were seeing The parabolic nature of three different Sets of criteria going straight up to The point where there is no math there's No money to pay it back so you've got 144 million households in the United States single family households if Everybody saw these sets of videos even This video and they were Told look at what is really going on Here and look at how you are being Manipulated to do things that your Human Nature wouldn't normally require you to Do well all of a sudden if you can stand Back and get that Clarity and you say Well wait a minute I'm not going to be Manipulated by any of this Nonsense then all of a sudden you can Think straight it's it's astonishing how It happens because the money is the Money your income is your income your Expenses are your expenses as long as You got more income than all your total Expenses why in the world would you want To even listen to these people but for The idea that you're trying to keep up With the Joneses well that's more Nonsense because the mainstream media is Pushing this crap out it just isn't Worth the play if you don't have to have
$120,000 new pickup don't have $120,000 New pickup you can get two-y old ones It's just just as new at 50% off it's a Matter of thinking straight and having Clarity all these reports are just false Narratives you know Mitch I don't have Any money in the stock market I probably Feel like I can safely assume that most Of the viewers don't have any money in The stock market I'm not counting Pensions and things why do you think so And and I'm making a video on the market Why do you think so many people are Paying attention to what the market is Doing when a we know that they're lying And B that it has nothing to do with us I literally have no money in the stock Market nothing that they're doing Matters to me but yet that's all that we See on mainstream media why is that Mitch because the mainstream media Filling time they're they're creating Screen time they need something to fill It with first thing second thing is you Actually tripped on it a second ago a Lot of people actually are in the market They just don't know it so if you have 401k and that 401k says we're going to Split it up we're going to invest in Pensions and then from the pensions We're going to split it up and invest in Municipal bonds or we're going to invest In school bonds or we're going to invest In X well the reality is uh yeah that
Pension is your money and your money is Now exposed and therein lies another Question which is will the 401ks be There when they're needed and that is a Function of what the government is going To steal in order to keep kicking this Can down the road you can't print your Way out of this they think they can but If you print your way out of this you're Going to end up with the w Republic like I said a couple days ago you are going To need a bucket full of cash to go get A loaf of bread printing is not the Answer fixing it is the answer and there Is a solution just a question of the More people that know about this the More power we have the faster we can Push that Solution Mitch let's talk about the fall Of the Roman Empire I think it's a Perfect segue because let's just say They do continue to print we've been Making a point and other people are Getting it as well fraud is holding Everything together if they use the math And the laws that are designed to Protect us as the consumer American Citizen it collapses two days ago in Other words they can't uh use the math When I stop to think about and I slow Down and I stop working and I think About what have I learned what does this Really mean for me what does this mean For Human Society I mean it looks like
The same thing that happened with the Fall of the Roman Empire has happened Right now and has been happening Throughout history because of human Nature sadly and a lack of control Basically people turning into animals Leading to fraud corruption greed and Ego and so I find incredible similar Similarities so let's read a little bit Of this great article and this again About the Roman Empire it's going to Explain to us what happened in Rome Consider the Keystone role in Arches and Ecosystem so this is going to explain This to like a keystone a keystone is Something that's very important that Holds something together removing the Keystone from the ark causes the ark to Collapse but we're stunned when removing A species from an ecosystem collapses The ecosystem because what we did not Recognize is the species was the Keystone species of that organizing System without that species doing its Part the whole system collapses and just A few bullet points really great stuff Here our ability here's the key guys to Discern discernment discernment Discernment our ability to discern the Many keystones in sprawling complex Systems is not as Godlike as we imagine There is the source of the multi-century Debate about what caused the Western Roman Empire to collapse like many
Others I often reference the decline and Eventual collapse of the Western Roman Empire in my work with the caveat that I Don't propose any one cause with the Sole Keystone that when removed Collapses the entire system he goes on This is good based on my reading of Various authors it seems the empire was Beset by what we now call a poly crisis A poly crisis which is a set of Independent crisises that feed back into One another exacerbating the overall Situation from one that the Empire could Have managed with sufficient time and Eff effort into one that overwhelmed the Remaining Imperial sources when I read That Mitch that was so incredibly Powerful when I read that two more Bullet points and I'm done my point here Is each of these casual chains runs Through systems with each having a Keystone there wasn't just one Keystone There was multiple that supported the Weight of the entire Empire there were Keystones in vast range of system Each of which was itself a keystone in The entirety of the Empire this is why I Doubt any of the predictions about what Happens next in the global and US Economy geopolitical Etc will prove Accurate do you think that it's possible You know can you explain if you see First of all the same issues Happening Here in the US and can you tell the
Viewers whether or not you think that It's possible the US Empire Falls say in The next decade or Two Well there's a lot to unpack there but That article also makes the point of What we've been saying in these videos In the last three weeks so it's two Articles saying virtually the same thing Which is you can't trust the reports When you look at the Mahal and nois Model which in theory should be used by The Federal Reserve for taking all these Inputs and putting them in it breaks Down when each line item of the Input or multiple line items of the Input are bad data and it's no different Than what's happening at Dent Central Appraisal District and when you have two Comparisons out of six that are bad well We calculated that out using the Infection rate spreadsheet as being 76% Corrupt bad data the the databases are Completely garbage there's been so much Pollution put into systems by virtue of The fraud that you can't get to the Truth even if you Tried and that's one of the reasons why I'm such a huge proponent of standard Deviation because you can limit the Amount of inputs and get fairly close to An accurate situation in terms of what Is the probability of this event Occurring standard deviation is is a
Clean model mahalanobis is actually Clean if you've got real data that works Problem is they don't even have it a b They don't care because C it doesn't fit The narrative So you have multiple problems here but The point that I also want to make on This memo that came in from Zero Hedge It can be summed up this Way those who don't study history are Doomed to repeat it and what we're Trying to do here as a collective Society is stop an event from occurring Before it even gets out of the choot the Problem is it is already out of the Choot the only question is when will the Market wake up and say yeah we realize We got a huge problem there's no Solution and the market jumps in front Of the collective Society the collective Society is everybody that's watching These videos across multiple platforms Now so as people wake up and say oh we Don't have accurate data okay step one Tell the truth and what I said several Videos ago was we are dealing with Drunks and until they admit that they're A drunk we can't help them the problem Is just like in a family situation A Drunk can take down the entire family And that is really what we're dealing With here when you financially engineer Society this is going to end badly Unless you recognize what has happened
And simply say that's it we're stopping Here we're going to fix it this Literally can be fixed in a matter of Weeks right once you tell the truth the Solutions are right there the the Uniform sales tax the infrastructure is Not perfect today but it exists it's a Great place to start get Mama and pop to Own their own balance sheet why should The government have a balance sheet as Fraudulent as it is Mama and pop are the Economic engine those two things are all Hooked at the hip the fraud is hooked at The hip because that's the manipulation Of mom and pop that's the manipulation Of the economic Engine let let's talk about the society And the economic engine let's have a Conversation let's end this video out Having a conversation Mitch about Division okay now and here's why I say This I did a video yesterday and I asked The question and and I want to clean This up a little bit because I do not Want to create division but I do want People to be held accountable I mean and If someone doesn't know something well Once you know it that's fine learn and Then change is fine but I made a video Yesterday and I asked the question a lot Of people got heartburn over this Mitch And I asked the question if a realtor um Tells a client that you should buy right Now and they say it with authority they
Say it convincingly you should buy right Now because if you don't home prices are Going to Skyrocket upward the second Interest rates go down everyone's going To flood back in the market well rates Are down over a point no one's come back Into the market demand is still low and My question was if someone if a realtor Said that and a buyer purchased a Property based on that statement and That borrower now realizes that their Value is not going up that they're Upside down potentially some even Becoming bankrupt should the agent be Somewhat liable and then you and I Talked and and and I want you to tell The viewers you know what you said but I Also want to make the point that Remember guys the realtor represents the Broker so to the Brokers be careful right be careful what You're saying but again I don't my point In saying that was the awareness and the Change but Mitch can you go into kind of Our discussion yesterday about Realtors Uh kind of what you told me tell the Viewers that you actually you know being That you're a season developer you had Agents in the commercial sector work for You you had to fire them all you fired Them all because you didn't want them to Represent you so can you talk about Realtors and can you talk about how I Can improve as a content creator to help
Them and how realtors can help the Community and help Themselves okay inside the realtor issue Are several issues under the hook One of which probably the most important Of which is lack of training so back in Canada um we had commercial we were in The commercial brokerage side of things For a little while I ended up firing Everybody and taking over and doing it Myself because I couldn't control their Desire not to tell the truth and even Back then I was as moncal on the math as I am today but you can't go to somebody And say I'm going to take this listing Regardless of price because if it's not Going to sell why do you even want that Listing why do you the broker even want That listing on the books if you say to A buyer or let stick with a buyer and Seller of an industrial building you Have to have this building because this Is going to do X for you and if you Don't buy it then you're going to miss This opportunity I'm going to sell it to Somebody Else that's the equivalent of pump and Dump and let's bring it to local so Let's use local Realtors here in Texas Now if somebody says and they repeat What it is they've heard on mainstream Media W they are again repeating a false Narrative that Realtor is in fact no Better than the talking head without the
Benefit of intellect because all they're Doing is repeating a false narrative and That proves how bad the situation is When in fact if the realtor was properly Trained they'd be able to sit down and Provide the service to the buyer e Either side regardless what the N has Screwed up recently but either side You're providing a service just to sit Down say let's go through the income and Expenses let's do it up front and make Sure that everybody's on the same page As to what it is that you can truly Afford well we heard from Jeremy Bago that the appraisers are being Induced to commit the fraud to hit the Target because if they don't they lose Their job or they don't get it You're now seeing the problems play out In real time with the Realtors and I'm Very sympathetic to to that problem Because I lived it myself I know what The end result was I had to jettison the Entire staff because I simply couldn't Tolerate and you've got to tell the Truth and by the way I was rather Successful at doing it once I took over Right so you don't play people against The market you simply look at the people And say what do you need and what can You afford Well if you ask those two questions you Just wiped out 92% of the crap that You're now seeing play out with the
National Association of Realtors to the Point where the N may actually lose big Big realtor firms and they should I mean They they should walk away and say that We're going independent you know the Hell with you so there are again Solutions to this but you have to Understand that people are literally Right now today who are buying houses Right now tend to buy houses they get to The closing table and they they look at Their truth and lending statement and They say where the hell did this come From I've homeowners association fees I've got property taxes that are going Up I didn't this wasn't part of my Amortization schedule so the realtor Spent 60 90 120 days working with Somebody they get down of the closing Table the guy the closing table the Husband wife at the closing table says I'm out of here I'm not signing This and that is the exact same problem That was happening with me when I had The other Realtors the commercial Brokers and switching to gears to a Third element of this so being in the Commercial development side and I've Bought empty Office Buildings and I Filled them up done all sorts of Stuff they have what's called tenant Reps these are tenant Representatives They are Brokers that work for a Licensed brokerage operation to this day
I have never done a single deal with a Tenant rep and I will eat my shirt if I Haven't been approached by at least 30 Of them okay so why do I not do deals With them well because they show up and Say I want which is automatically the Hair on the back of my neck stands up I Want $90 a square foot in tenant Improvement dollars for my tenants okay Wait a minute let's get something Straight A you are a broker B you can't Read blueprints C you don't even know What the are D you are a parrot without The benefit of intellect and whoever Told you that you you either think You're smarter than what we are we're in The business or you've got a serious Psychological problem so I just send Them on their merry way because what They're claiming for $90 a foot I can do It for 27 why am I going to hand them $70 free money I'm not going to do that I'm not going to put it on my books and I'm not going to commit fraud at that Over over mys Banks so you see Clarity Gives you the ability to deal with these Problems that's the underlying point of All this the Realtors don't have Clarity The Realtors of Truth are being induced Just like Jeremy Bago said they're being Induced at every level to make stupid Mistakes because they can't quantify What's job one job one is the listing That walks in the door if that listing
Is real and is within a standard Deviation of that Marketplace you've got Something to talk about if that list is Hyped because you wanted that listing no Matter what and you said I'll take that Listing even though it's $100,000 over Value there's a higher probability right That's what this is about is Probabilities there's a higher Probability that when you get down to The closing table your buyer is going to Walk away and you're gonna piss off the Seller and you're going to lose the Listing and you guys you know a lot of What Mitch was kind of segueing off of Was we had a conversation last night or I I vented at you Mitch really about the New buyers rep that is required for Realtors to sign and I was talking to Mitch and I'm like man this is a Complete con I cannot believe that the National Association of Realtors Convinced America that these new law Changes were going to make a difference That would help people in my opinion These Law changes now forcing by law Requiring a consumer to be bound to a Realtor to sign a buyer rep is Ridiculous it's it takes it takes Capitalism out out of the market now if I'm a horrible realtor I could just say Sorry you guys you got to sign this Because it's the law I no longer have to Sell myself I no longer have to fight
Other agents to prove that I'm the best Like you know just sign this form it's The law and so I explained this to Successful Realtors as well I like you Guys this is bad because now they've Taken the competition off the table that Signing the buyer rep was due diligence You know that's something that made more Competition I had to believe and speak And understand my value but now I don't Now I just Say it's the law and now these Realtors These successful ones are like man I I'm I'm repping like 15 people I get a phone Call I want to see a property I I say to Them you have to sign this by law and Now they're reped for six months Mitch They're they're bound to them for six Months and so I guess it all comes back To what you said initially which is the Lack of training and I wanted to Encourage the viewers to understand that What Mitch and I are doing and Mitch has Been really influential really Motivating here we're providing you guys The training for free even if you're a Realtor homeowner renter we have the Courses and I very rarely talk about my Home buying course my home buying course Will equip you I don't care if you're a Realtor or a loan officer you're going To learn something in that course but More importantly we've made a new course To where we can actually see a change
Happen in society because it doesn't Take a lot of people that need to step Up to protest the value of their houses The overv value of their houses to make A change and I just wanted to show you Guys real quick okay if you want to get Access to this information and please You guys you know the one thing I would Ask for you guys is learn that's what I I don't want any money from you but I do Want you to learn because when you learn And when you save your money I learn and I save my money you help everyone by Saving your money isn't that a great System to be in so all you guys got to Do you go to my page here on YouTube and You hit the community tab okay you go Down to this post right here about fight Property tax hit read more and click This link this link is going to take you To the school okay and and take you to This course this is how to fight Property value I mean I threw this out So much that I forgot to set a button Here it doesn't matter this data is Super good I wanted to get this out to You as soon as possible few chapters Here I mean look at guys and these are About look at a minute long 47 seconds 48 seconds first chapter what are Property taxes okay so we explain what Are property taxes chapter two is how to Calculate property taxes chapter three Is the mortgage escrow and tax warning
Very important you know we do real life Application I take you guys to Zillow Okay there's a there's chapter summary If you just want to go there chapter Quiz fourth chapters property tax Homesteads you guys will become experts Now this is where we're at next all Right we're at the protest section but There is an intro from Mitch my point is We're not trying to create Division I Get tough myself I apologize I have a Bias I tell you that all the time Mitch I have a bias a little bit uh because of My experience but ultimately we need Everyone to step up like Mitch says all The time it is all hands on deck and so You know for anyone that I offended That's a realtor for my video yesterday I apologize my intent was to help make You stronger so if I pushed you away Come back take these courses learn step Up and help us create change Mitch Before I go can you tell people you know How to get a hold of you and anything Else you want to end on Um yeah I want to go back on the realtor So the the National Association of Realtors did not do the real estate Community any favors they hurt them so That has to be dealt with um I know that There are some firms that are looking at Leaving the n and that is probably the Right thing to do is to go independent Because you can't depend on them they
Made decisions based on never even Looking at what are the ramifications of Those decisions should hobbyist Realtors Be in the market in my humble opinion no Would I stop it it's not up to me but Professionalism at this point is Everything for the Realtors to survive And if you learn how to do a comparison Just for the sake of conversation and so You you take one of those courses that Travis with you're showing well that's Something you didn't know how to do even For your own house but if you do it for Your own house and you can do it for Your clients that's a service that Within a matter of minutes you can be up To to speed on and understand how to do It but it gives you the ability to think Of something and even have a Conversation with your clients that you Didn't have before so the Realtors have To exist because they do provide a Legitimate service the problem is it's Getting muddy as to what that service is And who is doing the providing so it Really does come down to education okay So I'll get off that top the way to Reach out and see some of these things That we're doing is Mockingbird Properties.com Dcad that's dcad and we're mounting more And more data and videos everything that Is coming through even stuff from other States is actually being mounted there
And if you have an attorney and you Decide that you want to go Full Throttle Past the ARB process um at that point we Can give you the code to the backside Where there's gigabytes of data on how To how to get that task accomplished so We will work with anybody we'll work With with their attorneys with their Accountants anybody wants to build these Charts so that they can use it in their Own Community across the United States That's really what that database exists For okay very good and I'm gonna get Everyone out of here but first Mitch the Market's been open for a little over Than half an hour ah I justess look Let's see yeah let's see how you did Real quick all right so here is the Market so the Dow is it looks like it's Barely up S&P down uh gez look at the NASDAQ down point it was a NASDAQ I was Looking at yeah yeah I mean I mean Actually before I just went here was Down over a full percent so looks like It is actually trending downward so We'll see how that ends I mean again It's been out half an hour it has Reversed the Vick's back up 2% you know Mitch you know again man I just I really Appreciate how you're able to articulate Things and give back to the community With empowerment with with your in sites With all of these things so again you Guys show Mitch some love go to his
Website everything is in the description Literally if you want to be empowered You can do that right now by going to The description follow the links Empower Yourself help us create change now other Than that guys happy Friday good luck Out there this weekend have fun but not Too much fun in fact I would challenge You to re-budget instead of go out Re-budget with your spouse or yourself Re-budget and save your money and other Than that guys if you're out there Investing in real estate you guys know We wish you luck and we hope you win
