Breaking news as we now have more and More information on a total economic Meltdown on the world stage now we Already know that China is absolutely Plummeting Japan is absolutely Plummeting but what we're going to go Into today in thorough detail and you May not know Europe is also plummeting And their economy is already in or is on The verge of a Great Depression so we're Going to ask things like is this the Part of one world order I don't know I Don't even know what that means half the Time Mitch I don't know if this is you Know going to lead into the next one World order but I will tell you this Mitch I don't like wearing ties my Friend I do not like wearing ties how You doing buddy okay it's all good You yeah yeah well I appreciate man I Don't know why you like you know ti so Much it's a it's an old school art isn't It force of habit force of habit I love It man I love it so let me show the Viewers uh you know actually before we Begin any any new updates on the any new Cases obviously we' got a couple cases We're fighting property tax I always Want to let the viewers know where we're At on that any new Results not as far as our lawsuit is Concerned at the appell at we're just Waiting to get into that court and I Believe we'll win there without too much
Of a problem and then we'll be pushed Back to the Denton court and then we can Bring forth all the evidence which is Already available on our website so We're not hiding anything it's readily There for everybody to see but umce Nonetheless we want to make the formal Presentation to the judge and then we'll Keep it right on moving um other than That there was a memo that was sent out Yesterday to the Texas Senate finance Committee and um that'll work its way Through but that was in direct response To them inadvertently responding to us Via the video So yeah it's all good you know the video Is topped with how much tenacity you Have and how much of an workaholic you Are Mitch uh they're doomed my friend Let's jump let's Jump Right In now uh With the viewers and I want to show them A couple bullet points in regards to China and Japan and then we'll jump into Europe take a look at this Mitch a Couple bullet points China's economy is In trouble the warning signs are clear Take a look at the date here September 9th 829 so this is brand new article and Again I'm just going to read four bullet Points China's CPI grew by just 6% in August Falling short of expectations signaling Weak consumer demand and deflation risk Producer prices have fallen 23
Consecutive months with PPI declining by 1.8% year-over-year in August indicating Severe overcapacity issues that is not Good former bank of Japan Governor warns China May face deflation similar to Japan's L decades and left Swift action Is taken but isn't that why they're in The situation they're in is because There's too much Swift action last Bullet point despite stimulus Economist Sees China's current policies as overly Focused on Supply failing to revive Domestic consumption moving on to Japan This is a little bit older but Japan un Unexpectedly slips into recession Germany now world's third biggest Economy and obviously Germany's not Doing so good either this article Headline is interesting because Population is a vital for places like Japan actually anywhere in the world as Far as growth is concerned Japan's Population fell by 800,000 last year as demographic crisis Accelerates what's going on in China What's going on in Japan obviously China Has a massive housing market mtown right Now but anything you want to start out By Saying well the Nexus between the Chinese problem the European problem and The American problem is the exact same Nexus which is all of these Countries believe that they can spend
Their way out of problems and yet they Fail to understand that the denominator Is really the income per taxpayer and The expenses per taxpayer which creates The net revenue per Taxpayer so I was just fiddling around With some numbers and if you assume that There's $163 trillion worth of debt and We'll call it unfunded and national debt As the combination and you say that all The population in the United States is 330,000 People well the net result of that is if You Mom and Pop have a credit card and That credit card limit is $10,000 well the government's credit Card on your back is 50,000 thousand Times bigger yet they expect you to pay For It now China's done the exact same thing Yeah I know it's a little mind-blowing Isn't it well I mean yeah it's Mind-blowing because because that's um I Was trying to do I I don't even know how Many zeros that is but I know it's a lot Of zeros man yes it's a lot of zeros the Point of the matter is it's Mathematically impossible for it to be Paid off but China has done the same Thing now their population is bigger Okay however their taxpaying population Is really not that much different in on A per capita basis okay so they created What is called ghost cities they built
The real estate put the quality of that Real estate to the side but they built It it has a debt they promoted it in Their markets it was levered they put Out bonds it was levered it's all Garbage because at the tail end of the Day the Nexus just like was saying Between all these countries including London that in the European Union the Nexus is that they believe that they had The implicit guarantee of the government To justify the expenses on credit cards That they did not have the public never Signed up for it to begin with because The public never understood it so the Reality is the system in and of itself Is about to blow the Shreds because they refuse to look at The real fact and the only thing that as I was saying in the Prior show was that the prior video is That the only thing that matters is the Economic engine and that's Mom and Pop You simply can't spend more than they Can bring in and that's what you've done Yeah 50,000 times Over yeah I mean and you can call it a Show I'd be flattered if you did but you Know the reality is Mitch did you smile A little bit all right I got you smile a Little bit there um you know Hey man we've been working hard man We've been working so hard I don't think Anyone realizes how hard we've been
Working you know it feels so nice to be Back I've been telling Mitch you guys I've been so preoccupied with these Courses to give back man I mean it's Just what I got to do I got to do it Because it's on my heart I mean I've Lost everything the viewers know that Mitch already I lost everything and it's Not necessarily because the FED come to Find out that's why I'm struggling now But I lost everything because of myself I lost everything because of apathy and I'm really hoping that you guys don't Have the apathy but I mean Mitch I mean Seriously can you talk about like isn't It fair to say that the decline in Population is only going to accelerate The existing problem in Japan and by the Way Japan has the highest debt to GDP in Any country in the world if I'm not Mistaken is that right yes and it will Accelerate and is accelerating here for The exact same reason when you put Mom And Pop under stress why would they want To have children that they can't afford It's not even a question having one Child or two children or four children The reality is for a lot of people it's Not not affordable and you can get into The demographics and the strata of those Demographics but the reality is it just Simply isn't affordable yeah I mean it's Amazing I mean and I think what it shows Is is you know maybe Decades of
Unaffordability in Japan it's starting To show in those demographics I think That's fair to say no it's decades it's Decades of financial abuse yeah right That's why GDP that's so great your your Your GDP to debt is so great in China But the United States isn't that far Behind and when you really do take into Account the unfunded liabilities my Guess is we actually exceeding Japan in Reality nobody wants to talk about it But that's probably pretty damn close Yeah you know something else that no one Wants to talk about is and I don't mind Talking about this just quickly is no One talks about where China learned to Be Liars from I wonder where they got The handbook Mitch on how to hide Information manipulate information and Li of the public I don't know where they Could have got that uh if I would have Assume and you know what they say about Assumptions I would assume it was from The US since the US appears to be number One in the world at lying and Manipulating but regardless I don't want To go into rant let's go into this Article and I got a couple questions for You I'm going to go a paragraph out of Time here probably Mitch because I Really want to dig into this because the World's collapsing right before our eyes And as I'm reading this I want the Viewers to ask is this the start of one
World order and what's the crypto going To be so I can buy some of that before Skyrocket you know what I'm talking About but either way uh Europe an extra Stencil that's for Melody right extra Stencil to stencils not one danger Without massive new spending and Joint Debt Germany immediately says no pretty Sure that stands for no right there just Want to read this first paragraph Mitch And I want to get your opinion here Because this first paragraph doesn't Make sense to me uh and so I appreciate You it has been a while since we were Reminded that without the ecb's constant Back stop that kills people by the way Back stop to Banks kills people the Frankenstein monster that is the Europe Union is doomed well this morning former ECB president reminded us of just that When he called on the EU to invest as Much As 884 Billion and not just one baell out Mitch That's what that's what got me okay I Was like oh dang another bailout but no $884 billion extra per year a year you Guys and commit and there's more it Wasn't just that I mean you guys give me Half half a billion I'll take care of a Lot to the regular issuance of common Bonds to make the block more competitive With China and the US and I put a
Question here Mitch I mean what do they Want to be more competitive is it the Inflation do they want to have high Inflation uh like the US you know what What what what are they talking about What do they want us to believe when They say when they're selling the public Mitch you know we're going to print more Money because we have to be competitive With China and the US can you explain What they're attempting to tell us there Yeah they're going to bankrupt the European Union so let's go back in History um I've been very fortunate that I've actually met several Italian Companies and I want to go back even Before that so when the European Union Was a concept before it became the European Union in order for the European Union to become a European Union they Went to the Italians and they said this Is what we're going to do and the Italians bid off on it the day the European Union was created the Italian Lra disintegrated 32% in 24 hours to This day it has never Regained now what ends up happening Happing well over time through the Nonsense of the European Union there was A marble company and I've had the Privilege of going to that marble Company and having quite a Discussion and that marble company ended Up taking marble out of the mines it
Owns the mountain it used to have Hundreds of employees that would machine That marble into all sorts of things Including floor tile well it ended up That the Chinese bought the trucks they Send the trucks from the port to the Mine all the employees are gone through The European nonsense European Union Nonsense the Italians ended up training The Chinese to manufacture the tiles so Via the European Union the Italians have Lost Generations right this is 30 years They've lost generations of skilled Trades to the Chinese so the marble Comes out of the M gets stuck in a Chinese truck taken down to the port From the port it goes back to China It's all Chinese other than the Ownership of the mine itself well okay So we have a devaluation of the ler it's Now gone um and down 32% and it never Came back but the country look at it From the standpoint of the country what Did the country do well it it exported Its Culture so for a Time Zena pants the Cloth Manufacturer um ended up manuf Factory In China they brought it back because The quality went just disintegrated so They brought it back but the point of The matter is all this European Union Nonsense has done has in fact exported
The culture of all the European Union Countries you have exported the jobs of All the European countries dragi is Their form of our federal reserve and Dragi basically has feces for brain Cells because the bottom line is you Cannot stand in front of the population And say give us more money when like I Said before the Nexus between all of This is Mama and pop if you take away Mama Pop's income which is what the European Union has done in Spades the reality is there's no more Money to be had and that is the big Problem you've destroyed the culture you Exported it you exported the jobs and Now you have you you you dare to hold Your hand out Mama and pop give us more Money to bankroll our credit card and The fact that we've destroyed your life And we've destroyed your country Simultaneously but Mitch isn't it fair To say and we're going to go back into This article so maybe you Can take your time to answer it if you Want but the entire world is doing this I mean literally the I I would venture To Say the global middle class the entire Globe's middle class asn't matter where You live in this world is being crushed By the same thing bad spending Corruption greed fraud some type of Central bank and now you know people are
Starting to figure out oh yeah that's Right we've learned this throughout the Existence of human beings human nature Appears to always take over uh the Elites the powers at B and so you know Going back to the marble is that where They got the term I've lost my Marbles pretty much yeah I even met in Stza in Italy I actually met a water Taxi driver who used to work in that Mine and he was a machinist and he was The guy that actually trained the Chinese on how to format the tiles how To polish the tiles so he goes from a Highly skilled job to a water taxi Driver not the anything wrong with it But I mean it's quite the downgrade so The point of the matter is especially For him because it was a generational Business his father was there he Expected his son to be there well that Never happened so the correlation Between these countries and these morons That are running it I.E Powell and again I'm not being accusatory what I'm saying Is simply fact you can't stand in front Of the population and say please pay off My credit Card but that's the correlation between All of them that's exactly what they're Doing I mean maybe if it was the first Time Mitch but this isn't the first time This has been going on for decades and Decades but let's go back into the
Article I got a couple more things for You in his long- awaited report on European Union competitiveness again was That inflation like how much can our Citizens handle this but anyways they go On he urged Europe to develop its Advanced Technologies that almost sounds Like a pegasus unicorn something even uh Majestic like yeah yeah man I can get Behind that let's let's let's put a lot Of effort Mitch into some advanced Technology and I put an arrow there is That UFOs they're talking about is that Antarctica I don't know what's going on In Antarctica you want me to start Talking about the anaki I won't do that Okay but I'm wondering is that just a Trigger word I don't know it's unclear As it says right there but this goes on Create a plan to meet its climate Targets sound familiar and boost defense And security of critical raw materials Labeling the tax as an extra stencil Challenge extra stencil get it if Europe Cannot become more productive we will be Forced to choose well then just choose Not to rip people off and spend money That's not yours can you choose to do The right thing that we was taught at Least I was taught when I was I don't Know second grade don't you can't spend What you don't have it goes on we will Not be able to become come at once a Leader in new technologies again what
Are they talking about what what what Technology are they leaders in I don't a Beacon of of climate responsibility Mitch so they're the leader in climate Responsibility technology is this what Their hopes are on like my gosh I'm Starting to feel like the US is is Strong again when I'm reading this and An independent player of the world stage Okay whatever we will not be able to Finance our social model our socialism Model is that what that no social model We will have to scale back some if not All of our Ambitions um and I wrote here how can Citizens be productive H how could People be Productive when they can't even afford To live I mean look at China how could People afford to be productive when they Just potentially spent their life Savings on a building that that they Just bulldoze down any comments Mitch Yeah you just made my case that dragi Has feces for brain cells I mean there's Literally no meaning in that sentence That's beyond a socialist statement it's Mathematically impossible um it just Simply can't be done at the tail end of The day he's saying give us the money or Our current ideology is going to fail Good don't give them the money let it Fail take back your countries put your Your culture back where it should be I
Mean the idea of the European Union was A failed social construct from the word Go it's just taken 30 some IDE years in Order to prove it but it's only existed On the backs of the taxpayers the Taxpayers should Revolt up and simply Say that's it we're not going to pay What are you gonna Do there's tens of millions of us what Are you gonna do make your move see and That's the point to all this you've got To put a stop to it because in fact all These countries like I said the the key Word is correlated this has been a Correlated attack on Mom and Pop and the Rule of 72 has kicked in at least for 30 Years double double double every five to Seven years the debt goes up and then They turn around constantly and that's What drag is doing he drag is no better In fact than what you just saw last week At the Teran Appraisal District where All these school districts showed up and Said you've got to raise the taxes Otherwise we're bankrupt at which point I responded okay you're bankrupt today Never mind the bonds you want to issue Tomorrow that aren't going to get paid Back Rocky is the exact same thing it's Always a threat it's always put placing The fear okay let's go put the fear on The table let's move because it isn't True take your culture Back that is so well said and you kind
Of helped me think of some interesting Things you know while one hand they're Correlated right like whoever's the Puppet Master they're correlated behind The scenes but I will also say that they Have also successfully div divided mom And pop and that may be the biggest Crisis of all because we don't have that Synergy and that's why the apathy has Taken over before I jump in the article Let me ask you this question kind of Came to my mind here obviously the US is In massive debt we're nearing uh you Know GDP to national debt like China I Mean we're not far off Mitch do you think that we should be in Debt right Now thatt Is not bad if it is handled properly the Problem is that these people in Positions of responsibility are Irresponsible the idea that they should Have a credit card that is 50,000 times Per person greater than an allotment of $10,000 per every single living Breathing person in the United States is Insanity so if you break it down to a Municipal level and say okay fine we're Going to issue bonds okay fine let's go Back and look at a typical scenario Under a Warren Buffett type company if The company doesn't have greater than 30 To 40% of its value in debt that's a
Reasonably Safe Company okay our gross semester product Hovering around four trillion and yet We've got 163 trillion uh yeah that Isn't going to fly Right so if our total debt load included Unfunded liabilities was 35 Trillion little hard to handle but not Impossible where we are Now no way debt isn't the enemy it's the People who are creating the debt and and Gaslighting the public oh this isn't so Bad we'll get out of it um as we Explained before in the previous video No you can't because the gross domestic Product isn't there to do it Yeah I mean you could lower interest Rates to zero it still isn't going to Work well we've done that and it didn't Work it actually made things worse and Someone argue including me that that's Why we're in the situation where now We're not in the situation now because Of high interest rates we're in the Situation we now because of low interest Rates and so when I look around the World Mitch in Germany Japan Europe China do you think this is the start to A one world order type of situation and Someone Mar the argument that that's What the US wants but that's not quite What's happening anymore any comments on That the argument would be amongst the Fools globalism versus
Nationalism nationalism is the only Thing that works because it's a Capitalist Based human resource based Economy all this other nonsense is Nothing more than transferring Funds from Mom and Pop and Mom and Pop Includes people on all political Spectrums the tail end of the day what We're talking about is a nonpartisan Issue if you're a Democrat your money is Being stolen we've got the evidence it's Clear if you're a republican your money Is being stolen we've got the evidence It's clear we're talking something That's nonpartisan it's just a matter of Waking people up this idea of saying Well this is going to be a one world Order or it's going to be a globalist Economy there's no such thing it can't Happen all you have to do is look at the European Union say okay fine you morons Have had the last 30 some OD years Working on this you blew it because There was no such thing to begin with All that happened was your wealth over Here got transferred to these people who Shouldn't have a job over Here you know how that's they don't need That money Mitch I mean just let go of The power my God like power just it's Just it drives me crazy man it drives me Crazy because I I thought I did the Right thing back when lost everything
And I struggled for nine years turns out I'm the stupid one because I'm the one That well I thought I was doing the Right thing by giving my house back and And things like that but regardless let Me go back on this article because it Gets way worse and I can't believe I'm Reading this Mitch to achieve his Proposed goal of socialism and communism Of his region I added that last part Guys uh Europe would need to boost Investment by five percentage points of The Block's GDP in order to transform Its economy I thought it was transformed Already what about the false promises so That it can remain competitive here we Go with the competitive again my gosh Needless to say that is not only Unprecedented for comparison the Additional investment provided by the Marshall Plan between 1948 and 51 Amounted to around 1 to two% of GDP Annually it will simply not happen Without a huge Global crisis which will Make the panicked reaction of the covid Pandemic pale by comparison that is Heavy to read and that is three times I Believe two to three times more than Ever they're saying they need two to Three times more stimulus than they've Ever had before are their entire economy Is going to collapse and it goes into How it's you know they'll need more than World War II I mean this is crazy Mitch
Just one more time if they do that type Of stimulus all right the impact on the Consumer It's going to be the death of the Consumer it's already the death of Middle class obviously the entire world Is turning into a third world country Right now all Right so what needs to happen what needs To happen to stop this well I want to Point something out I want to go back to This word correlated wasn't it a week Ago that the current VP stood up in Front of the public and literally made That exact same speech we must is what She said create 25,000 new Authorizations for businesses really and Then she goes on to present fear of what Happens if we don't the correlation Between what dry just said is the exact Same speech that the current VP made Both are dead nuts wrong neither one of Them has the money or the capacity to do What they're saying and both of them Correlated are creating fear if we don't Do this this is going to be bad no Ignore them and take back the power Where it's supposed to be in the hands Of mom and pop stop funding their credit Cards these are nothing more than little Children who stole mommy and daddy's Credit card and Mom and then they went Out these little children and they
Bought themselves some nice Cadillac Escalades well they have they require a Lot of gas to run uh as they're finding Out right now Mitch but you know Seriously what's it going to take I mean 10 trillion B out I mean how Much it won't work I mean even the Concept of it is an illusion it simply Will not work it's mathematically you You never want to say impossible but Okay this is impossible because if you Were to print that amount of money M1 M2 All that will happen is you will have Hyperinflation and I wasn't exaggerating Go and look up the wymer Republic it Literally took a wheelbarrow full of Cash to go buy a Loa of bread that is What happens when you turn on the Printing machines the US dollar will Simp implode and we've already lost 90% In the last 30 years of its value right That's called inflation well if you've Got inflation and you all of a sudden You run into Hyperinflation the math is the math this Isn't going to happen so like I said There is a solution but the world has to Wake up and get on board and it will be Painful but it's a hell of a lot less Painful than printing M1 and M2 in Perpetuity well Mitch do you think that I mean can we say that World War II was Started because of Inflation it had an impact that's part
Of the fear-mongering well and there There is truth to it but I don't think Anybody even as nefarious as they may be Seriously wants to enter into that type Of conflict like you would have to be Delusional and I isn't that what Inflation makes you though does doesn't Inflation make Mom and Pop Delusional I prefer to keep it on the Economic level then worry about nukes Flying around um because that's not good For anybody the Russians aren't going to Do it they're they're not stupid right None of these players for the most part Are stupid they've put themselves in a Box out of economic ignorance there's no Doubt about that but it is correlated Right so everybody's in the same box if You can show leadership and a way out of The box in terms of the economic Problems that's what needs to be done That's where our focus is to help Mom And Pop but again mom and pop is the Economic engine you get that economic Engine going all this other debt you Force the governments to stop the debt Stop the spending etc etc you can start Gaining control of this and over time Work down because that's kind of what it Is right this is a workout and a workout In in financial terms is what you would Do if you put something into a chapter 11 you can you can do a workout under Chapter nine you can do a workout um you
You can do certain things to help Mitigate These unfunded liabilities to help Mitigate the national debt amongst the Governments right it's a unified effort And that's why I said before what we're Really looking at is a unified states Sales tax so it's uniform but that's Part of the the solution and giving Mom And Pop back their ownership of the land Under their feet so that their balance Sheet is true um that's part of the Solution and that can be done globally You know it's just it's just so hard to Trust from an intelligence standpoint or From a care towards a citizen standpoint That they're going to do the right thing We know that they're going to ask for More money we we know that they're going To print more money Mitch we know that Because they don't have the money to pay The unfounded liabilities so they are Going to ask for a bailout we are broke The whole world is broke so despite what You and I are saying that hey we need Need to go into recession and we need to Go through that for a period of time Together uh to blunt that I you know I Just at this point and I don't think you Can blame me Mitch or a lot of other People I just don't trust the government And I think that what's going to happen They're going to ask for a lot of money Mitch and they're going to sell us on
How they have to bail out the banks Because of unemployment because it's Going to help me but I I really hope That there there's enough people Starting to realize that when they say That it's it's like it's almost I wish There was an ETF or something to where It went the opposite of of what these Politicians are saying is there Something like that is there an ETF like That Mitch or is it there's a Kramer ETF Or something is there anything well the Kramer ETF or you just do the opposite Of whatever Kramer says and then yeah That's basically what it is but if You're gonna take that bet you Can you can go short of the banks when The market starts going down I that's That's the truth of the matter but I Mean you know I'm worried I mean you Know I've heard some people say that They could bail out the economy for Another 10 years do you think that's Possible no try to tell us because again You know a lot about the W wymer Republic and I don't know that that's Ever recovered but explains say you get Say you get fools in office and they Keep trying to bail out bail out bail Out explain to the viewers really Explain to the viewers what happens There's a lot of kids out there Mitch There's a lot of kids out there and they Think that let me get some money from
The government I don't care about Anything else I don't care about the Repercussions will you please speak to Them Mitch and explain to them that this Is killing us explain to the kids Especially okay so let me try and break This Down the rule of 72 depending on the Interest rate says and it's a it's a Fairly simple formula you can look it up Online but what it says that every seven Years or every five years depending on The the interest rate debt will double So it's cumulative and it's Compounding this put the bonds and all The other stuff aside any debt will Double depending on the interest rate Every five to seven years if you go back 30 years okay you've already had four Sets of Doubling well the problem with that is Mathematically if you go back to in the Last seven years and you look at your Own family and you ask yourself in the Last seven years has your income doubled And the answer is no so you're Automatically upside down now the Government's holding their hand out and Saying pay off my credit cards Which is somewhere around 163 trillion Including unfunded liabilities even if You said fine we'll pay off the 35 Trillion the problem is based on the Gross domestic product that's still
Going to take you 50 years maybe wow and They're not even smart enough to figure Out how to fix that amortization Schedule Mitch if it stopped growing it Would take 50 years but the point is it Can't stop growing it's not gonna take 50 years no no that's the problem what They have done is they have inverted What should be an amortization schedule You have a house you have an Amortization schedule over 20 to 30 Years you pay off the value of your House through principal and interest Payments they've inverted it the rule of 72 well we're not going to pay it off We're just going to keep floating it up It's inverted against a regular Amortization schedule one's going like This the other's supposed to be going Like this but you can't make it go down When you don't have the money and taking All the money over Here it's it's an absolute joke it's a Mess it's not being run the correct way And how it's being allowed to continue To do this is sad to me and so that Brings me to my last question Mitch what Is stronger okay Fear or apathy what is stronger Fear or Apathy I think part of the problem is And I've actually had conversations with People around me some of these problems A lot of people prefer to bury their
Head in the sand not that they don't Understand it's just that it's Complex and it is Troubling on the other hand if you Understand you truly understand what's Happening to you and why then you're in A position at a minimum everybody Doesn't matter what your political Affiliation is your money is being Stolen so if you understand what is Happening as at least be in a position To defend yourself at an ARB I appraise A review board hearing what regardless Of your state and frankly even Regardless of your country because now New Zealand has reached out so you have To understand what's happening you Should understand what's happening you Should not be afraid and bury your head In the sand part of the problem Senator Beton Court literally used that line Which is why I responded um to the Texas Finance committee Texas Senate finance Committee he literally used a Fear-mongering line he said well we Simply can't reverse course because if We do the sales taxes are going to go up 22% there's not a stitch of Truth in That statement that is straight up fear Mongery what did drogy do fearmongering There's no truth to back him up it's a Very simple issue Mr dragy the answer is No sit down shut Up people in the European Union simply
Said that's it if it'll stood up the European Union would crash tomorrow Morning ity stands up on their own two Feet and says that's it we're through Get lost listen the European Union or The the British did it they told the European Union go pound sand and they Handled it foolishly but they did they Did It you know they could have they could Have cut the banks off they could have Shut this thing down and eventually it Will create are under its own weight When you can no longer steal from the Public when you can no longer use other People's money socialism dies right You're shining light on the Cockroaches That's how you do It last thing Mitch you know what what Kind of advice would you give to someone Like me um you know again I lost Everything when I rebounded I chose to Have a family versus a career so I don't Have a lot of money um I don't have Consumer Debt I have enough money to Purchase a house inflation is super hard Right now obviously I had to change a Career I'm making a lot less money that Kind of sucks so what what would you What kind of and I I have four children I'm married happily I love my wife um And my Children um you know what kind of advice Money advice would you give to to
Someone like me someone that was your Friend you're doing the right thing There's no doubt about it by staying Away from the debt unfortunately not Everybody is in that position they're Debt up to their eyeballs because they Had to make a decision put food on on The table put medicine in the kids or Pay the taxes so those people are in a Really tight bad position they fell for The problems Hook Line and Sinker the Apathy may be part of the problem but we Can't even look at that we've got to Really look at the economic scenario Right now to say they have to get help And that unfortunately based on our math At least in De Central Appraisal District is 37% of the household so that Includes multif family households and Single family Homeowners it's a bad problem everybody Else stay away from the debt debt is Fine if you know how to handle it if You're a developer and your debt is Minimal or you're a stock investor and The debt of the company is 30 40% and You can see how exactly it's being used Which a lot of the companies try to hide But if you can see it and you understand It it's not a bad thing it's fine the Problem is when it's assumed by the Government that they have an Implicit amount of money that they can Steal from the taxpayers turn it into a
Credit card lever it up 20 to one Plus it's going to be bad well yeah I Mean they're maxing out the credit card And they're instead of paying off the Credit card they're just slipping it Under Mom and Dad's door and going and Making another credit card that's Literally what they're doing here's oh I'm gonna ignore that credit card and Let's just keep charging this thing up I Mean it is so messed up that the world Is crumbling and if we have that sudden Burst of the bankruptcies for homeowners I mean a flood of inventory in the real Estate market right now that will send Prices absolutely plummeting because the Prices have been propped up by no Inventory and people's insane purchasing Power that purchasing power is gone we See that across the world and in our own Nation why is the purchasing power gone Well we're not being printed anymore Money I'm not getting any money interest Rates are not 0% and even then Mitch you Know all that price oneup was the runup Was never natural it was a Fed induced Inflation crisis I repeat guys this is a Federally induced Worldwide everyone got hit by this Inflation crisis and honestly mention I Look back you know because they you know I remember that first and we did a video The first signing uh for the covid was 6.2 trillion right unimaginable amount
Of money and I and I think about that You know and we know this now because Eidl and the PPP loans you know the bad Part is the lack of accountability like Allan Greenspan said his issue was is he Trusted the market to take care of Itself now when the market takes care of Itself Mitch it just layers fraud on top Of fraud to keep it going that's how the Market takes care of itself right now so I mean it's it's a bummer man I'm saving My money I'm going to get the viewers Out of here any last any last um Solutions you want to talk about Mitch I Want to expand upon what you were just Talking about to help everybody Understand the depth of this problem First of all the crash is coming to you Shortly and the reason why is because You have crossborder Banks and Crossborder Shadow banks that make on Balance sheet and off balance sheet Loans through credit receivables to each Other in other words they're basically Guaranteeing each other's loans for Which they can't even get access to the Assets so when you understand how Screwed up this really is it has to stop And the only way to make it stop is let The banks go and yes as I said there Will be pain on the other side when Prices normalize under a true market Environment this will never happen again Because the net result of this will be
Bad It will be much worse if they print Money yeah you will go to a severe Greater depression the original Depression was give or take around 25% Unemployment our math shows about 35% in A greater Depression if this can be walked down Over time which it can through the Methods that we've outlined we stand a Much better chance although painful a Much better chance of fixing this once And for all but the bottom line is when You've got crossb Banks making Loans that don't have any money Including Deutsche Bank okay and you Have Shadow Banks making on balance Sheet and off balance sheet and Borrowing from those same crossb Banks it's a spaghetti bowl and it will Blow the shreds because you just simply Can't get blood out of a stone the blood Is the tax dollars the stone is Mom and Pop you can't get blood out of a Stone you know what an interesting Thought just popped in my head just Popped right in there the FED Mitch and Let me explain the FED is a shadow Bank The FED is well because they can print Money so they're the ultimate Shadow Bank but also they're Fanny me and Freddy Mack fannyy Freddy Mack is a long Arm of the fed fannyy and Freddy Mack is Is helping to keep this hle going I
Would say would you say that they're the Biggest Shadow Bank Fanny and Freddy Mack or fan And HUD and Yes why can't get to the Assets right this is a it's it's Intercreditor it's intercreditor paper Moving between them and backstopping Each other right I just Simp I you could take everybody in the IRS and put them on this and it would Still take them years to unwind this Mess you know what's amazing is like all Of the corruption all of the fraud all Of the manipulation all of the Decades Of fraud on fraud and fraud and now We're starting to see it hit the Wall hold on guys your 2008 2009 2007 credit default swaps they Haven't been paid off they're still There they haven't been walked down now Nobody knows what they're truly worth But they're worth something I mean there Is value there the problem is you got to Go to work on it to figure it out yeah Because it's like a credit card right They just threw the credit cards in the Back of the room the credit cards are Still there where's the asset though There's I don't know it's just a credit Card where the asset go who know they Took my house that's why one of the Things that you hear is in total we're Around 250 trillion versus
163 is because of the extra Extraordinary issues associated with all The credit default swaps all the Clos All the mortgage back Securities and People throw these numbers out and they May be right but you see the real Problem is that you can't see it It's hard to figure out what the math is When it's all Hidden so the people that are doing The Hiding are the big Banks because it's Off balance sheet well they can't hide From you yeah they can't hide from you Mitch that's for sure and I really they Can't hide from our commun IRS but uh Yeah understand the math well at least You understand the math my my friend I'm Going to get us out of here Mitch that's A great breakdown on what's happening Around the world I mean it's the same Thing that's happening here and they're They're really suffering so probably hey Pay attention I mean the writing's on The wall I mean literally just look at Any wall doesn't matter what north east West south just look at the wall look at The writing on it don't even have to go Close it doesn't require 2020 Vision It's in in massive neon letters just Like my thumbnails okay same thing just Read the whiting on the wall and other Than that you guys thank you for Traveling along with us don't forget if You have 10 seconds please go to the
Video's description sign that petition Join the movement help us get Fair taxes Back into this nation even if I don't Even know if that's the thing Fair taxes But when you guys are done taking 10 Seconds to sign the petition don't Forget I've been working tirelessly Tirelessly to help you guys Empower Yourself and Conquer apathy which is to Say take the courses that's step number Two take the courses even if you don't Own a home take the courses figure out How Property Tax Works and actually if You're renting from a landlord tell your Landlord hey if I can save you some Money on your taxes will you reduce my Rent think about it guys now other than That if you guys are out there investing In real estate you guys already know I Wish you luck and before I go Mitch look Like you had something there yeah I just Want to remind everybody that those Courses that Travis created are free and There are generic enough to be used in Your home state and as far away as New Zealand and to the person in New Zealand Thank you for reaching out very Interesting that's right and we hope you Win
