Breaking news as Subway issues a dire Warning on the state of the economy and Calls an emergency meeting with the Owners of 19,000 different locations absolutely Crazy and so today we're going to go Over that and the current state of the Retail apocalypse and then we'll end by Looking at rumors of a potential Harbor Strike in Philadelphia the Philadelphia Ports and what Supply disruptions that May mean I have our community here Seasoned developer and quantitative Financing expert Mitch vexler with us Today Mitch happy Friday brother Anything exciting going on in the Markets well coincidentally I was just Looking at Gold a few seconds ago and It's at an all-time high at 2537 and based on the numbers we've run With a volatility at 19 which is where It is the calls are trading greater than Equidistant over the puts which means It's got pressure to the upside and That's really because the foreign Central banks are massive massive buyers So gold will end up trading somewhere Between 305 and 2052 over the next 12 months but the Pressure is clearly to the upside we Have some new all-time highs with gold Uh what I'm going to do right now Mitch Is I'm going to jump into the Subway Hero hedge dated August 15th Subway
Calls emergency meeting with franchisees As fast food value Wars potentially Claim first casualty this is absolutely Crazy guys and remember Qsr qsr stands for Quick Service Restaurants and they're locked into a Fierce value War offering and this is Important to understand the state of the Consumer cash strapped consumers $5 Mills or better Bargains to maintain Their market share remember Discretionary income super important Roughly 70% of GDP is from consumer Spending most consumers over half our Living paycheck to paycheck so the state Of the economy is important and what Happens to discretionary retail shops Like this is important now this battle For Value has intensified guys as the Qsr executives recognize that low and Midair households because we're all hit Have been financially squeezed now this Says by the Biden here's economy I'm not Trying to get political with elevated Inflation High interest rates depleted Savings and maxed out credit cards Consumers are in rough shape now this is Interesting because it points out that The first qsr to launch a $5 meal was McDonald's followed by Burger King and KFC is on the way now a couple Interesting things guys about Subway Subway has called a hasty meeting with Franchises of its get this 19,000 that's
A lot of mom and pop shops and just Shops in general 19,000 North American Sandwich shops as they grapple with Faltering sales and profits this Conference is essential they say to Discuss the state of the industry now This goes on to say that sales are down In recent weeks 5 to 10% and sales are as low as 2012 but Back in 2012 it was five times more Profitable Mitch vexler what does that Tell us about the shape of the consumer And the dependence on the economy on Consumer Spending well a couple of things as We've been saying in this series of Videos it really is about Mom and Pop Being able to afford to put food on the Table and to keep a roof over their head And what you just read in that very First paragraph outlines 80% of what We've been saying which is that 37% of the households be it multif Family or single family households are Going to go bankrupt and or they're Going to lose the roof over their head The idea that these restaurants KFC Subway that's that's a race to the Bottom and restaurants have to make Money in order to stay in business they Have to make money in order to keep Those employees if they chase to the Bottom they will not be able to keep Their employees and they will not be
Able to stay in business and in fact That is what you are seeing with 4,000 Restaurant closures in California alone So these things are all connected at the Hip if Mom and Pop have a decision ision To make well do I forgo medicine or do I Pay my real estate tax which is Fraudulently created by the cads there's A real problem same thing can be said if Mom and Pop can't put food on the table And have to make a decision food I.E the Chase to the bottom and the qsr Facilities then that decision is food or Roof over our head and as I keep saying And pounding the table there's no more Money and that's why what we're doing With putting the series of videos Together is to get people on board and Take what we're doing National because This affects everybody there's 144 Million homes that this is touching Every single person regardless of a $300,000 home or a $2 million home it's All connected if you got one area and 30,000 houses hit the market all at the Same time what do you think is going to Happen to the values in that Neighborhood speaking of sticking Together it seems one thing that has Stuck together is the retail apocalypse Mitch now I'm going to read a little bit Of this and maybe again you can break it Down again from Zero Hedge guys this was August 14th titled a retail apocalypse
Is gaining momentum All Over America is Your favorite chain closing stores this Was a big hit Mitch when you sent this To me and by the way Mitch sent me all Of this stuff big hit to me because you Know there's some stores on here that I Forgot about but really I want to read This because I want to ask the question Mitch is you know this going to Intensify now this goes why are retails Closing thousands of stores if the US Economy is in good shape of course the Truth is that the US economy is not in Good shape at all the cost of living Crisis is absolutely crushing Working Families all over the nation and the US Consumer simply don't have as much Discretionary income as they once did Obviously Now needless to say our retailers are Highly dependent on that discretionary Income and so this article expects as The US economy slows down it expects These retailers going out of business to Intensify now when we go down here a Couple key things um that this is Mentioning the retail industry is going Through rough times as it copes again This is the key thing here inflation wey Consumers we are already in recession We're just waiting on the top Elite 1% To catch up in a rash of bankruptcies Prompting chains to announce the Closures of almost as Mitch was
Mentioning 3200 brick and mortar stores Since 2024 now this article mentions Mitch that's data from May 13th they're Saying since the time of that story and They go on to list multiple Nationwide Store chain closures here's one right Here this is Big Lots uh multiple store Closures there obvious obviously cons I Made a video on cons 157 year old Business um there's drug store chains Are getting hurt right now rate as you Guys can see filed bankruptcy they're Planning on closing 780 stores and also Dollar Tree went bankrupt closing a Th000 stores losing $1.7 billion in the Fourth quarter Mitch can you tell the Viewers and share your opinion on Whether or not you believe that the Retail apocalypse and stores closing Down will intensify and if you can what Does that look like what you know is is There going to be strip centers Completely out of business what is that Going to look like for America the big Malls are going to be in much worse Condition this go round than they were In 2008 2009 the retail strips they'll End up with 30 to 40% vacancy the Problem is that what will vacate won't Necessarily be the mom and pops that can Afford the rent but in fact the big Boxes and replacing a tenant in a big Box you're in my world and that's Extraordinarily difficult so the reality
Is that those properties will be Devalued very similar to what happens in The office Market where you simply can't Get the tenants in so the devaluation Will occur I want to back up for one Second the retail report that came out a Couple days ago which this story mimic Is only half the story when they're Saying well there's 3,200 store closures The retail report does not include Restaurants that's 3,200 store closures Plus just in California alone 4,000 Restaurants so when you understand the Math under the hood there's nothing Healthy here and any story that you read In any or he on any mainstream media Press is a straightup fabrication it's Not backed by the numbers you can go Down the street in your local Neighborhood which we do and you can Literally count the amount of vacancies And we're in a fairly affluent area here And there happens to be a Walmart very Nice retail Center not too far from Where we are and right now today they're Pushing 20% so that Walmart uh what I Would call Big Box all the small stores Around it they're empty and this is a Fairly absolent area in other words your Question was what do you see well the Famous words of clert Lang Pain you know and Mitch you know I'll Move on to the next story here and we'll You know end this out um you know there
May be more pain on the way from other Areas I didn't even consider you know Not just discretionary income I want to Get in now to the potential strikes in Philly thank you for sending this to me Mitch this was sent August 14th Potential strike at ports and Philly and Other East Coast cities already Scrambling Supply chains This is not good this says Philadelphia's Port workers and Thousands of others on the East and Gulf Coast could strike as soon as October a Move that is already beginning to muck Up the nation's supply chain now this is Interesting because this pertains you Guys this is uh one of the largest Maritime unions in North America it is The largest they represent about [Music] 85,000 members that's absolutely insane Um there's already a lot of pressure Obviously with the ports the ongoing Turmoil on the Red Sea uh this is Already wreaking havoc on the supply Chain this article points out that the Risk of you know strike isn't too high Certainly a strike would be a major Issue do you think that that's just to Distract us do you think that they'll Really strike and can you explain to the Viewers what impact a strike would have With retailers and would that cost be Passed on to Consumers yes the cost will
Be passed on to Consumers because the Consumers won't be able to get what want Which is going to you have a push demand Issue and then you have a supply demand Issue the fact of the matter is that Nobody knows if a strike will occur but I want to remind everybody that Ronald Reagan took over the air traffic Controllers when they pulled a strike Because it would have had the Probability of tipping the economy into A depression and you've got the exact Same thing because this isn't just an American problem you have to realize That goods come in from other countries So if there's a strike those goods end Up sitting in the ports of other Countries and are not being made so now We're back to the word cumulative well You've got a cumulative problem here if Those ports close it backs up into Foreign countries well the reality is That those people who want to strike Whether they're Justified or not isn't The issue the question is what's the Tipping Point that is going to throw us Into a depression and that as I said in Prior video two videos back there will Be a Tipping Point nobody knows what it Is but if there's that type of strike And that lasts for an extended period of Time that may very well be the Tipping Point because goods are Simply frozen People have bought stuff that those
Orders can't be filled and right now Today as you know the supply chain is I Wouldn't call it quite crippled but it's Pretty close Mitch from the bottom of my Heart man I really appreciate your time And if you can you know I just want to Explain to the viewers that you know You're very successful you're taking Your time to explain these issues and I Want to give you the chance if I can Mitch can you just give the viewers kind Of a closing statement on your progress With the fight for fraud and why it's Important for every American and every Viewer to share the video and to stand Up can you please just share a little Bit about that Sir there's roughly 140 million single Family homes in the United stes States and what we're getting in now Emails from across the United States Ohio California Michigan Florida and this issue of the Fraudulently created values at the hands Of Central Appraisal districts who do Not adhere to usap and do not do Appraisals under any definition in law Affects literally 140 million plus Single family call plus multif family Renters etc etc so the reason we're Doing this is asking people through this Series of videos to please take the link To these videos and Travis put a Separate link on each one of these if
You can just grab it send it to your Friends your family your organizations All the realtor organizations all the Realtor companies across the United States send it to your Legislators we're gaining strength by The hour frankly Um and the more people that are involved In this the stronger we get and this is Not a party issue this literally affects Everybody that owns an asset and the Reality being that as a owner of an Asset as an owner of your home you Should be able to own the land that's Under your building you should not have A gun held to your head don't pay the Taxes and will take the house and that's Where we are well sment you guys give Them a hand let let us know in the Comment section below what you learned And I wanted to make a quick Announcement I'm very very excited we Have another video coming out tomorrow It's a critical update about what's Going on with appraisers essentially Right now appraisers are dealing with Agency thuggery and value fraud Intimidation you guys this is absolutely Mind-blowing really excited about this One again look out for that tomorrow Morning and other than that guys happy Friday if you're out there investing in Real estate you guys already know we Wish luck and we hope you win
