[New post] Why I Think Another Recession Is On The Way
User ID posted: " https://www.youtube.com/watch?v=DTYMwiefsEs Why I Think Another Recession Is On The Way by Neil McCoy-Ward Why I Think Another Recession Is On The Way Related Articles: The Great Deflation of 2022Lost Decade Starts Now | Michael Pento1970's Inf"
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Well good I thought I had time for a quick extra sip there good evening from the united kingdom wherever you are in the world I hope you are doing great today if you don't normally watch live streams or you know you find them too long and boring this is the live stream for you because I'm going to be talking about why I believe there's going to be another recession on the way I'm going to break it down by things that have already happened and things I believe are still to come before we get into that a message from our sponsor today me if you haven't yet joined our private community let me just go to the screen a second here I if you look below in the description a lot of people have told me they didn't know how to find it it's always in the description where you can find the link to our private community just going to show a screen share here I post in the in here at least twice a week I post in our forum every single day and we do all sorts of things I post about all sorts of things from the housing market real estate general economy we talk about all the different successes this year from silver which was a 100% return on investment 2020-2021 was the 20 coin crypto challenge we did about 200% and then this year so far was polka dot which is a crypto and we're sat at about 85% - 200% return obviously that is just what we've done so far it doesn't mean that it's going to be like that all the time but we seem to be navigating these crises quite well at the moment so the link is in the description I'm not going to plug it any more than that there's your sponsor for today okay which was me now we're going to get into the recession part and one thing normally I say you know everything repeats there is nothing new under the sun but this time I think there's a little slight tweak to what actually might happen I think a few economists have picked up on it but the majority the 99 haven't really picked up on that and that's because and I'm going to give you a little riddle here and maybe you'll get a prize maybe you won't but I'll let you know who gets it right because it comes across as somewhat as a riddle what's happening in the economy right now and it's quite easy for the UK so we won't use the UK as an example but let's say in the united states or Canada how is it that the unemployment rate is now back to where it was before the pandemic kicked off and everything else happened but yet there are millions and millions of job openings when the statistics show that new jobs haven't been created that is the riddle for you I have the answer and I want to see who can figure this out it's quite an interesting answer actually so what's already happened then that has got us to where we are right now let's go through this so number one is was the Covid outbreak which started in December 2019 but really it didn't hit the West until early 2020 and then lockdowns in March 2020 depending on which country you're in so that was really stage one of this process although this started a long time before that and what it also did was it created or should I say it destroyed it created the destruction of globalization now that doesn't mean that globalization is going to be completely decimated and destroyed and it won't come back because I think it eventually will come back but right now we're seeing huge breakdowns and the globe the breakdown of globalization is one of the key the sort of three or four main components of this runaway inflation which of course is transitory yeah of course it is right there's aspects of it that are transitory but the bulk of it is not transitory it is prolonged inflation so that is really stage one here stage two was of course the Fed's response they did exactly what many people forecast I wouldn't say that I forecast it perfectly because I didn't expect the sheer level of quantitative easing if I thought they would have done that I would have called the housing market differently so that's probably one of the only things I've actually got wrong in the last year and a half I didn't expect that sheer level of QE I knew they were going to go down to almost zero with the interest rate that would cause you know all of the everything that's occurred basically but of course all of this new currency then created stage three which was the asset prices just exploding in value people think they're getting richer but really they're not all that's happening is the wealth divide between the rich and the poor has gone from this to this it's like the Grand Canyon now and I mean we're talking trillions of wealth transfer and people say no, no, it's not wealth transfer you know these economics professors no, no, Neil it's not wealth transfer this was new currency created this was New You know we've created this this is a good thing no, no, no, you haven't created anything all you've done is added more numbers more digits there was no new production there was no new productivity there was no growth nothing was created all you did was create new currency and put it into a currency supply that was already stretched with the level of debt so what's this done it's created a bigger wealth divide and this of course has created more social unrest more conflict and you'll see this is the people don't see the correlations the only reason I see is because I've studied history and I've seen these correlations throughout history the more you create this wealth divide the more extreme things become and you know you have all we won't even go there you know YouTube doesn't like us talking about it but we have all of these you know extreme things going on now between different groups people identifying as this and identifying as that and you're not allowed to say ladies and gentlemen anymore you know it's banned and you know there's things in universities where they want to outlaw the words us or we of professors because they may not identify with the group you know it is absolutely absurd and outrageous what's going on so this is the way it's going and this is part of the explanation of it but really what should have happened I should add this point in before I forget it when we went into this recession and march time of 2020 that asset prices should have crashed down houses should have crashed down the stock market should have crashed down and yes the stock market did go down it did see a severe correction which then corrected itself and you know a lot of people were very unfortunate I don't blame them who exited they exited because they thought it was going to continue down into this crash I think most people thought that at the time the only people that said no, no, don't worry it's going to go back up double were you know brokers and people that were selling stocks but they'll say that anyway you know you look at the papers from New York in you know just before 1929 when you had all the you know the crashes and everything went on there they were saying days before this is the best time ever to buy stocks and madness so always add that caveat with it so they should have gone down they didn't because of what we just talked about in the stage before which is all of the asset the currency creation which then got pumped into the supply I was listening to someone this week you'll probably know who this person is very famous hedge fund person on all the main shows all the time I'm not talking about Peter Schiff by the way and you know some of the things they were saying was absolutely outrageous on their video this month talking about and it was I think it was only last month on the month before they said oil prices will never hit 80 again and I'm like what have you not been watching the energy markets these things are imploding right now of course oil's gonna hit $80 a barrel again where are you getting this this concept oh all of the quantitative easing none of it I hate when they use that word none of it's gone into the currency supply it's all on central bank asset sheets no, no, that is not what's happening this is absurd in fact let me just jump in with another point a lot of people misunderstand this treasury government they create treasury bonds okay they can't just put them into the economy like that you need intermediaries you need a central bank commercial banks will call them and this is how it's all brokered these deals commercial banks then get hold of it and people say well where does sorry the central bank then gets hold of the treasuries etc. people say wow where does the Feds get the money from it creates it out of thin air that's where the money comes from it's not money it's currency that's where it comes from the Federal Reserve a private institution that is neither Federal nor a reserve of capital in fact we don't even know who the shareholders are I've tried to find out lots of people have tried to find out we have no idea who the shareholders are of the Federal reserve and of course that comes down to the question that people often ask who do we owe this debt to globally how can we be indebted how can each person owe almost half a million dollars per person in the United States how is that possible in terms of future liabilities we're talking here who is this money owed to right this is the this is the conundrum this is the question and is again it is somewhat of a riddle if you find out who the shareholders are you solve most of the challenge let's move on then we've talked about the wealth gap getting wider this leads to social unrest which we've seen already but we haven't seen the bulk of it I think there could be more to come stage five really is the inflation then so we saw the first wave that I talked about back in July of 2020 how it would be about 12 months approximately possibly 18 months before we saw that first severe wave hit the economy and that was a maybe two to three weeks out from really where it where it hit so that was one thing now the next wave then that's wave one the second wave is now in sort of full swing I've just my voice a bit hoarse today because I've just spent the last couple of hours creating a video for you would be out this weekend on this huge energy crisis that is about to hit well it's already hitting around the world it's already hit Europe it's hit Asia it's hit the UK the hardest I would say but it's actually going into the united states and Canada as well not many people are talking about it yet but it is going to hit the united states I'm going to explain it all in detail very detailed video with the conclusion and action steps that you need to take to protect yourself because it is going to be a bad one this winter so that's the second wave this is this is energy based inflation GDP again people don't talk about this your gross domestic product is produced by energy you everything you have to think everything comes from energy like me talking right now I've had my dinner you know I've had something to eat gives me energy to actually you know do these sort of videos same with you go to work you eat food you drink water you need energy everything is based on energy everywhere globally so this is what GDP comes from it comes from energy when you have a massive shortfall of energy it produces spiking prices I'm going to go through all this I won't cover it all now but this is what's causing the second wave of inflation as much as 500 percent increase in some energy prices depend on the fuel source which is why they're now going back to fossil fuels that crazy we talked about this that's why I told you all to invest in uranium and other things because we knew this was where it was going we knew they were going to backtrack okay so this is the next thing now the third wave there hasn't hit yet so you're going to see another wave of inflation and this is why I don't believe what this again this person was saying oh two three more months all the inventories sat in people's houses blah, blah, look this stuff is madness sometimes people have to say certain things because they have hedge funds and they have funds and they have to protect all of their own assets and things like that doesn't mean it's true right oh yeah all the inventory all the food and the cleaning supplies are in people's pantries no, no, they're not speak to the average person they don't keep more than a week's worth of food at home I speak to people all the time I ask them weird questions they probably think I'm strange you know how much food do you store at home do you store this to you oh probably a week one guy actually I spoke to yesterday he's completely oblivious to everything going on he goes shopping every day every two days he just pops into the supermarket buys whatever food he wants to cook up that day I'm like how can you not have any food in your house at all he thinks it's normal he thinks I'm mad but we'll see who's mad when all of this hits so that is the third wave then so you are going to see more inflation coming down the line the supply chain isn't going to be sorted out by November again this person's talking nonsense you're going to keep seeing this you you've got at least six months left of this inflation if not longer I think we're probably going to see it longer and again people were talking about interest rates this week well the only thing we can do is a poor Volcker massive rate rise to 20% interest rates that won't solve the problem, that is not going to stop the inflate runaway inflation it will eventually but what you're going to have first you've got to sort out these the two-thirds of this inflation right now is not just from the currency printing it's other things it's the energy and it's the supply chain so yeah you can whack interest rates up to 0.2 and I'll be okay for a short while but then the businesses are going to borrow this this money from the bank and then they're going to pass that 20% on to the consumer you're not going to be able to escape this this is now a black hole that we are sinking into there isn't really an easy way out of it they can't lower interest rates anymore to stimulate the economy it hasn't worked the GDP figures the CPI is all inflated it's all manipulated it's not true so okay so that's where we are right now so what's next well more inflation I haven't changed my forecast in the last five to six months about the tapering this is where they reduce quantitative easing so asset purchases I still believe they're going to do that in November we're hearing a few murmurs about it now I haven't changed my opinion some people are like a yo-yo oh they're not gonna do it yes they no they're not yes I haven't changed my opinion I still believe they're gonna do it and if that ends next summer so let's say the beginning of Q3 next year 2022 or let's say it's in you know near the end of Q2 so we're in the summer time what you've still got is half a trillion dollars and again it's different for each country but it's almost the same everywhere but it's going to go into the markets so people that think there's going to be a housing market crash in December I've got news for you it's probably not going to happen just yet I still think the housing market's going to crash I think the stock market's going to crash but they're just not going to crash just yet is it going to be a week is it going to be a month is it going to be two months we don't know when it's going to happen this is the thing with stock market crashes and as I always say to all of my private members as well the community when the butcher the baker the postman or woman starts talking to you about the stock market that's when you know you need to get out because once every sucker has been drawn into the market and they're putting their life savings in that's when the central bank's going to pull the plug they're going to pull the plug and then all the big wigs with all of their trillions of dollars and their hundreds of billions and all the hedge funds they're going to liquidate they're going to go to some heavy cash positions they're going to sit there and they're going to wait for everyone to panic and then they're going to buy back in again making this wealth divide even greater so we've got all this to come yet but I do believe that in terms of the recession we're already in a second recession did we really even get out of the first one it depends how you look at the statistics I think the figures are highly manipulated so did we even get out of the first one not really if you increase right I mean if you print loads of currency put it into the economy double account for it and say oh look at all this GDP then yeah okay we got out of a recession if that currency didn't go in we would we'd be in a very deep recession, in fact we'd be in a depression right now if it didn't all go in all that's done is made people poorer it's made things more expensive so what else more energy problems in the future I think that's going to come to pass as well and then you're going to have this is going to be the shock that's going to take people by surprise you're going to have either a large institution or like the Evergrande crisis we've been covering you can have something like that maybe it's going to be a major bank that one day is just going to close its doors I think it's actually happened this week in Lebanon or countries like that where people went to the bank and the bankers closed its doors and people are banging on the doors to get them and they can't get their money that's why I say don't leave all your money in the bank you're crazy to just leave all of your life savings in the bank I'm going to do a coverage on pensions as well I think that's crazy people are leaving all their life savings and all their pension in in in the pension these things are so underfunded they are so heavily invested that they're having now to speculate just to get reasonable returns it reminds me of what I forecast a couple of years ago in the UK market I said all of these huge student blocks that they're throwing up in all the city centers are going to be they're going to cause an issue because there's going to be too many of them and then therefore lower in prices so the margins won't be there for all the pension funds who invested people's pensions into these blocks well now it's triple as bad because not only have they got all these blocks that are empty the students aren't coming all of these overseas students they're not coming so all these pension funds are trying to cover their losses by speculating even more risky assets this is what we are walking into this is just a massive collapse waiting to happen I just can't believe people can't see it and all these funds and all these media outlets interviewing these hedge fund gurus who are talking absolute nonsense they are just trying to protect their own investments their own assets their own egos as well that is all it is listen to what they have to say but don't buy into it look I'm not selling you anything all I have is my private community where I make an income YouTube pays me pennies I'm not like some of the big wigs that get paid tons of money from YouTube they don't pay me a lot believe me so that's the so I've got no bias it's the same when I'm mentoring you or doing coaching sessions degree there's no bias there because I've got nothing to sell you see if someone's trying to give you advice and they've got something to sell you then or worse even worse if they've got nothing to sell you but they want you to invest in these things they're getting commission from you investing those things surely you can see this surely you can see what's going on either way what does this lead to eventually you're going to see a massive crash and you're going to see businesses laying off staff more automation more AI, AI is a whole other story we need to cover another day that is a crisis just in the brewing as it is very dangerous the way AI and all the tech and biotech and things like that are going very worrying but it's going to lead to more unemployment and what does more unemployment lead to an employment scarring where you're just going to have a major crisis so people ask me are you happy that you sold out of the stock market and the housing market and things like that 100%, I'm 100% happy I just don't see why I would want to take such severe risks right now with these unsteady markets I still have assets I still have assets that make me money make cash flow every month but for me without taking these massive risks and I think that's the best way to be right now okay I was going to show you some other stuff but I think that's probably good enough for today and I can show you some other stuff next time I hope this helped please click the like button help the video get ranked until next time take care out there God Bless for you and your families see you soon
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