The Economy Is Collapsing and Booming

Ajouté : 2026-04-29

[00:00:00]Everybody, uneducated economist here.

[00:00:01]So, I wanted to share a link down in the description to an interview talking about how it is that the economy is both booming and going through a shock at the same time and how it is that people are having a very difficult time recognizing what it is that's truly taking place within this economy because we have essentially a two-tier system that is now taking place. Because some people are going to look at the economy and say, "Man, this is collapsing. We are in terrible position. Things are horrible.

[00:00:31]And then other people are out there going, "Man, I have no idea what you're talking about. Things are booming like never before." And this is true for both cases. And now it's very difficult for a lot of people to internalize what happening out there considering the way it is that the economy had operated from the years past. Now, I have gone over this so many times on this channel and I'm only finding more and more ev evidence of it taking place. And to understand the canon effect is the key to understanding what it is that's separating the rich from the poor and why it is that we have so many people out there screaming pain and misery while at the same time there's a group of people out there who saying, "Man, this is the best time ever to be in a position of holding assets." And that's really the key to understanding why there is a separation between the report of such dramatic fashion. There was a time in this nation, this is the problem. There was a time in this nation when we were producer saver. Like the entire nation was producing and saving at the same time. We produced the world's greatest stuff and we sent that stuff out there to the world and the world sent us their money. Just say it out loud. Does that not sound like a good strong economy? if you are producing and saving, especially if you're in the gold standard. But we are not in that same situation. We are not producers savers. What we are are consumers. And this makes for a whole different kind of economy. Now, there was a time in which that we didn't necessarily recognize that the debtor consumer nation was going to evolve such dramatic fashion. Some people could see it very clearly, but most people had the impression that if they got a good job, stayed dedicated to that good job, put their money towards a particular savings, then they would be essentially okay from that outcome. But that's no longer the case. Now, if you start early and you get into asset allocations and you start buying into rental properties or starting your own businesses and you start that early, then most likely you're going to be okay. But if you start early and think, man, I'm going to try for the highest wages possible to get into a position with the best career possible that pays the highest wages, it's it feels good to get into the position of it, thinking, "Yes, man, I'm finally achieving somewhere something in my life." But what we'll find as time goes on is that even those elevated wages will not buy as much going into the future. And it deteriorates over time. And this is an unfortunate situation we now face and most people will not recognize it. In fact, it will never be described on the news that we are now operating in this two-tiered system. And that if you are working for your money, spending time, effort, energy on a daily basis to trade your time for dollars, that effort is not going to benefit in time. Yeah, you can increase your wages, but the wages don't keep up. You'll have to ever increase your wages, everinccreasingly level up your skills in order to maintain your existence. And that will find it very difficult and very hard and frustrating for most people. They will level up their skills thinking, man, I've gone to college. I got the degree. I got the career. I'm in the position I want to be in. And it pays really well right now.

[00:03:46]As time goes on, you'll find it harder and harder and harder because tra trading your effort, your time, your energy to acquire the benefits in your life that you are looking for is going to be competing against people who are in asset allocation who are benefiting from the wealth that they gather from the everinccreasing amounts of inflationary pressures that now hit the asset holders. So as it punishes the savers, the people who are working hard, it absolutely benefits the higherend asset holders, the top 10 20%, the people who have positioned themselves to actually gain on an inflationary scenario. Now something else is happening here and it's very difficult for a lot of people to to to see this one and that is the real interest rate of of policy right now. And as many people will look at the Fed funds rate and specifically target the Fed funds rate, what they are going to miss is that the elevated inflation expectations has raised the neutral interest rate and lowered the real interest rates within the economy. And so the economy is far less restricted than anybody would have given it consideration for. We as workingclass individuals will not see it. We will not see how less restricted the economy is. All we will see is how restricted it is because our paychecks will not keep up. But if you were in a position of assets and that's what you were essentially wealthy in or heavy in, what you are going to see is record S&P 500 high numbers within the commodities.

[00:05:28]All these things that are going up in price are now giving you the wealth effect that you are essentially like one of the you know people who are doing well like you're in the booming part of the economy not the busted part and this again is very difficult for a lot of people to see what it is that's happening and the reason why they have a difficult time seeing it is because the United States used to depend on the workingclass individual the workingclass individual the one who was spending their time, their effort every single day in order to acquire a paycheck was the backbone of the economy. And so people are focused in on that believing that they're still the backbone of the economy. If they go to work, if they increase their wages, if they go out there and start consuming, this is going to add the benefit to the economy. But that doesn't exist nowadays.

[00:06:19]That was from a time long ago. And so as people tried to focus in on that and say, "How come this isn't working anymore?" warrants because that system broke and what we have to look at is the everinccreasing amounts of inflationary pressures that benefit the asset holders. They're the consumer. So this is very important because like even the interview that I was, you know, I linked down in the description, they do not talk about it in fashion. They they see it. They see it straight up. They know that the working class is collapsing.

[00:06:50]They know that end of the economy is failing, right? And it's failing miserably.

[00:06:56]But at the same time, simultaneously, there is a booming economy that is keeping the consumption inside of a consumer-based economy going. And it's so crazy to think about because most people are going to look around and say, "Are you seeing anything in benefit? How about you? You and they're going to be like, no, we don't." It's because most of the people are workingclass individuals who are suffering in under this under this now evolved economy into what it is today.

[00:07:25]as we as we step into the future of this, it's going to get worse. And that's really where I think a lot of times people are just like trying to figure out who it is that they can vote for, what it is that, you know, a banker do to change the situation. It's going to get very, very difficult to then use your day job in order to not only meet the necessities of your life, but then use whatever extra you can get in order to position yourself. As this gets harder and harder, we're going to find less and less people able to do it and that concentration is going to be more at the top and the wedge is going to get driven ever deeper.

[00:08:03]Very important to see it, right? It's important to see it from the canion effect reason like wrote I got the essay right here, right? Canon wrote this down hundreds of years ago, witnessing it from hundreds of years before him. And to think that it's not happening, that the underlying economic forces don't play out is going to miss the problem that we now face. It's yeah, greed, manipulation, all that other stuff.

[00:08:28]Yeah, it's all part of it. Bad politics, you know, whatever. Yeah, you can add all that stuff into it, but they are all symptoms. It's symptoms of everinccreasing amounts of new money that pours into the system. And as people say, yeah, that's it right there.

[00:08:43]That's the manipulation. and they shouldn't be pouring the new money into the system. If they don't, if this stops, if the debt issuance fails, if that comes to an end, there is going to be a complete collapse and utter failure of the entire system and everybody falls into pain and misery. This is bad. It is not a good situation. There is literally nothing that a politician or banker can do to now save the workingclass individual. You have to figure it out.

[00:09:12]You have to see it. And once you see it, it's not that bad. It's actually pretty easy to think how hard how hard it was to get into assets and how easy it is to do it today. How easy it is to actually go out there and find ways of making money. There is so many opportunities now to p position yourself into that asset allocation that it's amazes me that more people don't do it even on a small scale. Right? Like we even talked about it many times on this channel and people will make fun of it that you can use $5 a day to invest. And as people laugh at that, I'm thinking if you're 18 years old and you just heard me say that if you take $5 a day, screw what everybody else says. If you take $5 a day and you put it towards an investment that gets an 8% return, think about it. The S&P 500 does somewhere around 10, right? If you go and find something that gets an 8% yield yearly compounded five a day, we're talking $150 a month. You do that every single day for the rest of your life. You will end up at 50 years from now, 68 years old, with $1 million. That simple. $5 a day. As I watch people buy soda pop and cigarettes and weed and beer and spend money on crazy things out there, they could have taken just $5 a day, gone to Cash App, Robin Hood, M1, wherever you got, there's a million online brokers.

[00:10:41]I'm not trying to, you know, promote any one of them, and you were to put that money in there disciplined. That's it.

[00:10:47]Nothing else. didn't even stress about anything else in your entire life, but you did that, you would end up when in a position in which that you were going to be very happy with. Right? Now, granted, maybe a million dollars ain't going to be worth that much money in the future.

[00:11:01]But if you started off today at 18 years old with $5, I guarantee you by the time you're 20, 5, 30, 40 years old, you're going to be contributing a hell of a lot more than $5. And you're going to find that account to be worth a hell of a lot more than a million. All right? and way quicker than being 68 years old. The point being, if you don't start with $5, then you ain't ever going to start at all.

[00:11:27]Ever. You will never ever ever do it. If you're not willing to start with $5 right now, today, then you're never going to do it. And that's the point.

[00:11:37]Start with five. And I guarantee you, you'll be doing a hell of a lot more than $5 at some point in the future.

[00:11:42]Because the moment that you put that $5 in there, you are now an investor.

[00:11:49]That's all it takes. Booming. What f are you talking about? I'm talking about the 10 20% of household incomes that are absolutely killing it right now. That's what I keep talking about. Two-tiered system. If you choose not to see it, then you're going to miss it, right?

[00:12:04]You're going to miss out understanding why. And most time it's going to end up being blamed on politicians or bankers or something else. But we recognize it from an underlying economic force that is playing out. And yes, are they taking advantage of it? Damn right they are.

[00:12:16]Why wouldn't you? If you could see it, why wouldn't you take advantage of it?

[00:12:20]To blame them to say, "Oh man, they're taking advantage of all this." It was just like, "Of course they are. That's why they are doing it. If they weren't doing it, somebody else would. So they're the ones who are taking advantage of the situation. If you don't like it, we can choose to abandon the dollar anytime we want. Right? We voluntarily choose to use the dollar.

[00:12:40]And a lot of people say we don't. We do.

[00:12:42]At any given time, somebody can come to me and say, "Hey man, do you want to do a transaction in silver, gold, Bitcoin, any anything other than a dollar?" And I'll be, "Yeah, man. I'm willing to do it." Okay? Maybe not at the store I'm working with, but as a individual, yeah, I have done that in the past. You know how many people are willing to do that?

[00:13:00]Very few. Everybody wants dollars. At the end of the day, everybody wants dollars.

[00:13:07]Every contract, every thing that is due, every debt, it's all due in dollars, right? You know, and so to think that the dollar is not going to be accepted into the future is like, okay, let's choose something else. I'll use it. You want to? No. All right. What do you want to use? Dollars. That's because that's what everybody uses, right? Most people don't realize we voluntarily do that. So we suffer the consequences of this everinccreasing amounts of money issuance that separates the rich from the poor. And we are choosing to do it on purpose. We voluntarily do that.

[00:13:44]All right. Uh not going to be Raimi.

[00:13:47]Nope. Uh any concerns for future crash in the US stock market? I'm pouring cash into investment accounts by but everything crashes but if everything crashes whether it's 5 years or 30 years from now I'd be screwed. Well, okay then you got to understand that you can't take any risk then, right? Because no matter where you go, you are taking on risk. You are going to take the risk that this could fail. And by doing that, you then have to diversify yourself into things to say, well, if this fails, this is going to do well, right? For me, if the entire stock market collapses, I would be bummed out. I have money in the stock market. If the silver and gold market collapses, I would be bummed out.

[00:14:32]I have silver and gold. If the real estate market collapses, I would be bummed out because I have money in those things. If the dollar was to fail, I would be somewhat bummed out because I have a lot of money that is tied up in assets that are dollar denominated. All these things would bum me out if it failed. But I guarantee you if any one of those things failed, the other position would do so much better and I'd be like, "Ah, whatever." Right? because my expectations of the future in any of those things are pretty much non-existent. Whether it's Bitcoin or gold or silver or stocks or real estate or any of that stuff. Literally, my expectations of it are almost non-existent. Now, don't get me wrong, if one of them was to fail, it would break my heart. Gotcha. Right? I mean, that would happen. I would feel very depressed and very bummed out and worried about the position that I had hold and all that other stuff with it.

[00:15:27]But since I don't put everything into one thing, how much could it really damage me? All right. Like everything can't collapse. Sign like everything failed. Well, what what is like how could that be? If this fails, something else is going to do better, right? It's just like All right, we got $5 from Rich. Thank you so much for the five bucks. It is great time to be a billionaire. When isn't it? Oh, yeah.

[00:16:00]Well, of course it is. But I don't think it's necessarily a great time to be a billionaire. I think it's just a great time to be an asset holder, right? Like here's the thing. I talked to so many people who are very upset about the administration and what it is that's happening, right? And they complain and they talk about the pain and the suffering and all this other stuff that's coming with it. And I listen to them and I know who they are, right? I mean, we all work together, like not necessarily together in the same place, but we all work together as far as we all are, you know, doing the working class thing, right?

[00:16:31]And I know them. I know I know people personally. And when I hear them say that, I say, "Yeah, but how are how is your portfolio doing?" And they're like, "Oh, well, yeah, you know, well, I mean, you're not bummed out about that. You're bummed out about your paycheck not being able to make it, right? I'm bummed out about that, too." Like, I look at that and go like, "Damn, man. that sucks. How good is this like puts holds back on the asset allocation and even like you know nowadays this is like it's even tighter.

[00:16:58]It's just like man good thing I don't have the car payment and stuff like I'm I think about how tight you know and difficult it really is but then I look at like the position that you know that I hold in real estate and stocks and you know all this other stuff and I'm like well those are doing well and when I ask the question to other people they say yeah that's doing well. So really people who are working class, who are positioning themselves feel it from both sides. They look at it and say, "Yeah, I got this, but it's not enough. So I can't tap into it. All I have is my working job and it's not enough. So what's going to happen if this is not enough and I have a position? This is going to eventually be consumed if this is not enough." And this is really where I think a lot of people are is that they're watching their job become more and more or less I guess I should say less and less of a capable functional item in their life that can then provide them with the assets that then puts them on the other side of the wedge. When they see that deteriorating they start, oh no, this administration, this is the problem. This is the issues. Right? And I'm like wait a minute here. Right? This is the wedge that was being driven.

[00:18:18]Like you like the idea of being able to position yourself into those assets and watching those assets go up in value, but now you're bummed out because what's the exact same thing that's causing those asset prices to go up is also causing your wages to deteriorate.

[00:18:34]All right? And this is where a lot of people, a lot of workingclass individuals are today. They see it in both ways. They're like, "Crap, if this doesn't pick up the pace, right, and get my wages up, then I'm going to have to get into the assets and then I'm not going to have them by the end of my life." Where the people who have massive assets that pay and continue to grow, they're in a great position as those assets grow and pay them out dividends and they're pay spending those dividends into the economy. So yeah, there is a section of of people within this that are yes asset holders but they can't tap into it or else it's going to fail on them and they can't earn enough to add to more add more to it and in fact if they don't pick up the pace on on their wages they will tap into those assets and again the concentration will start moving up closer to the top.

[00:19:25]It's scary out there. It is scary out there to think especially for the kid like for the kids because it they're you know it's like you know they think now what is it that I could do what career choices could I move towards where like what direction of life is it that I want to spend my days to try and acquire the abundance in my life and that's what's scary about it is like it doesn't really matter like there could be some really good positions that you can take but it doesn't really matter matter what position you take over time it's going to deteriorate and you're going to have to figure out a way to level it up and that's and that's so sad, right?

[00:20:10]Even the cost of living doesn't keep up.

[00:20:12]They give us their wages, wage increases, but they don't keep up, right? We we can see it. It's obvious, right? Like they can say they can do it.

[00:20:20]Oh, if they only paid more. It doesn't matter, guys. Like you can pay more but it doesn't really make any difference on it. The wedge of inequality gets driven with everinccreasing amounts of new money. It doesn't matter where it goes first. You can give it to the poor, right? Give it to the poor first. What do they do? They spend it. They don't invest it. They don't pay off debts.

[00:20:39]They spend it. That's why they're poor, right? If they didn't do that, they wouldn't be poor. They would have the money. So if you give the money to the poor, they are going to spend it. If they spend it, where does it go? right to the top. So if they don't have it, who does? If you ever increasing the if you ever increase the amounts of new money that pours into the system and you continue to hand it to the poor and the poor spend that it goes right to the top and now they have it. So it doesn't matter how the new money comes into the system so long as new money comes in. If the new money comes in, you are going to have separation every time. No doubt about it. And there is very little expectations of the future to say that they are not going to print more money. Don't care what War says. Don't care what Trump says. I don't care what anybody says out there that the economy is going to be forced into a position. All these other things that people talk about as far as trying to fix it, bring jobs back, all these other things. Like people talk about it in a great way with lots of logic and understanding that's that's buried deep within it. the problem that I'm going to look at and I'm going to push back from and I'm going to say are you going to increase the debt issuance more war more debt more separation between the rich and the poor guaranteed very little down my mind right and so as we have to position ourselves for it what is it that we have to look at right we have to look at how it is that we cut back on our expenses in order to position ourselves into those assets whatever they are rental properties is probably one of the easiest ways to make it rich, really rich. All the rich people that I know, they all did it with real estate. Very few places are you going to be able to tap into a cash flowing asset like a rental property while using a low interest rate loan like a mortgage. Those two are like an perfect combination for disaster and for opportunity. Now, think about that for just a minute. Where else can an individual tap into low interest rate money and get a cash flowing asset?

[00:22:51]Very few places like it is in real estate. So now when I think about people who are doing that and doing it regularly, well, they're going to be pushing themselves up farther up on that ladder, pushing that wedge up even higher. The people who are looking to try and figure out what it is that they need to do with their day job in order to acquire the things in their life, they're going to find it everinccreasing amounts of struggle in an attempt to do that.

[00:23:17]This is this is an unfortunate situation of everinccreasing amounts of new money.

[00:23:22]It's the canon effect and like in a most extreme fashion, right? All right, I'm going to give it like two more minutes here. We'll call it quits. Probably do a half hour video here. houses are 1 million where I am.

[00:23:35]They're half a million at least. Even for the ugliest, worst house in Clatso County, you're probably you're looking even run down probably needs to be tore down. 350, right? $500,000 is typical for most living dwellings here.

[00:23:52]All right. The housing market will fail.

[00:23:56]A lot is changing. I don't think it'll fail, especially everything.

[00:24:01]That's why you can't go on these predictions from anybody. See, the housing market will fail. A lot is changing. So now what I think about is like what is it that is really going to cause the housing market to fail? People losing their jobs and not making their payments. Well, they're not necessarily the buyers.

[00:24:21]They h they like if you had taken that scenario from the great financial crisis, totally. Absolutely. They were giving loans to the working-class individual who should never have gotten those loans. they were never going to pay them when they lost their job. Boom.

[00:24:33]Foreclosures rose. But now they don't give loans to like when I had to go get the loan for my house, it was incredible, right? But the first time I went to go to get a loan, they were like, "Yeah, you want a loan? Here you go. There's a loan. How, you know, no problem, right? Here, let me open up a cracker check box. There's a loan."

[00:24:49]When I went to go get the loan for this, how it was intense, right? There was a lot of scrutiny that was taking place over whether or not I was going to get that loan. And so the standards for lending are very tight. And now I consider what it is that's been happening over the last few years. You probably have a situation inside of there in which that a lot of loans are maybe underwater, right? But I got to think we're talking like sales of like we have like a failure in the housing market when it comes to sales.

[00:25:21]like how many sales could have possibly taken place at these elevated prices with these high interest rates loans that are now underwater that would cause into a like panic situation within the housing market. I can't imagine it being that many, right? Like over the last four years, there hasn't been that many sales taking place. There's been a crash in housing market sales. And if there's been a crash in housing market sales, how many actual houses are sitting with elevated interest rates and sitting underwater on the value of the house? Now, I'd imagine there's quite a few of them over the last few years they have been produced, but over the grand scheme of the entire housing market, I would assume that it's probably fairly small, right?

[00:26:07]On the on the Ukraine scheme, who is it that's going to foreclose on their home?

[00:26:12]Like, I even think about it myself. I bought my house four years ago. If I was to not be able to make my payments, I could just sell it. I mean, I could sell it right now for a profit. Even if I was to take a hit on the profit, like, you know, from the from the Zillow estimate, if that's accurate, even if I was to, you know, drop the price 10% from that, I would still come out ahead, right? If I drop the price, even right now 20% off the price, I would still pull some equity out of it.

[00:26:45]Like, how is it that that how does the housing market fail? Like if you know like even even myself if I lost my job and couldn't make my payments I would just sell the house you know and I could sell it for a hell of a lot less than what the market value is and still pull a bunch of money out of it.

[00:27:04]People losing their jobs isn't going to trigger the housing market failure.

[00:27:09]Not like it did back in the day. Oh, let's go check out the super chat and then I'm going to call it quits.

[00:27:15]Where is it?

[00:27:17]Must be down here.

[00:27:21]We've got little Mia Moo. Oh, right on.

[00:27:24]Little Mia Moo the Shiu. I love it.

[00:27:27]Thank you so much for the $9.99. Where's my glasses? So I can read this. Okay.

[00:27:31]North Carolina, 1300 ft². Brand new construction insul insulation bill was 2800 6 months ago. Now today 4,300.

[00:27:42]Now imagine you have 10 different subcontractors doubling price. Crazy.

[00:27:48]Yeah, that is in fact it happening a lot. Um I heard somebody like complaining about it the other day.

[00:27:56]Um friend of theirs, they known each other their entire lives, right? One of them, you know, I it doesn't matter. One of them's still working, the other one's retired. The one that's still working did roofing, right? And so he asked him, he was like, "Hey man, are you still doing work?" He's like, "Yeah, absolutely." He said, "You still getting on the roof?" He was like, "Well, yeah, you know, I was just doing kind of like ground repairs and window trims and, you know, just doing simpler stuff, but yeah, I'll still get on the roof, right?" So, he gets up on the roof. He does 7 hours of work up there and charges $800, you know, and I'm thinking, "Okay, $100 an hour or whatever it is seems reasonable now for construction. I don't know. Like, I mean, I don't even know if that's bad or good.

[00:28:38]It seems all right to me." But he was kind of taken back by that. It was just like, man, I can't believe you charged me that much. I mean, we've been friends my whole life, you know, and I'm like, well, you know, you can't give it away anymore. It's too like, you know, there was a time when we could share our skills and our effort when they were easily sharable. But now it's not that easy to do it. If you give up your time and say, "Well, yeah, I'll, you know, volunteer it over." You have to have something come back from that, right?

[00:29:10]Like it was just like otherwise you need to get paid. This is now a situation in which that the idea of like hey man I'll do you a favor, you do me a favor. Well the bills come in too big. I can't I can't wait for the favor to come back. There's a lot of people who can.

[00:29:28]But most people nowadays can't wait for the return on the favor. They need to get paid today and they need to get paid a lot because the bills are too expensive. The gasoline to get there was too expensive. everything is just too expensive and in their mind it's not going to have any kind of relief and so if they give this up right now then they may not get their opportunity in the future. So every single opportunity is required.

[00:29:54]It's like it's it's a bummer for somebody to feel that way. Just thinking, man, I'm I'm we were friends.

[00:30:01]I thought that he would give me a break on it. And I'm thinking, well, he doesn't get a break on his gas prices, right? He doesn't get a break on the electricity. He doesn't get a break on everything else he's doing. You know, it's just like you're going to have to understand he was there for you, but you're going to have to pay him for it.

[00:30:17]And that's an unfortunate situation that a lot of people now face, especially from like those older generations who used to like kind of do things on favors, you know, because everybody would trade their skills for with each other. But now it's like, you know, before it would be like, "Hey man, you know how to work on cars. You do the brake job and then, you know, go over and work." But now it's like, you know, vehicles are so difficult to work on.

[00:30:38]How do you trade your skills of working on a vehicle when you can't even work on the vehicles anymore? You know, all right. the modern build can be very shady uh watching the videos. Yeah. And that's really where you have to come into a good builder. Like if you find a good carpenter who is in the game for a long time from that particular area, that's what you're looking for. Just anybody who has a contractor's license and who have done it in the past and essentially can get the permits doesn't necessarily mean they're going to build you a quality house. Even two houses with the exact same plan, the exact same materials, everything going into it that were exactly the same, constructed by two different people can end up being an entirely different house. Like people who are very meticulous, especially when it comes to like, you know, weather penetrations like here in the in the Pacific Northwest, you got to be on that stuff. If you screw up any window trim and you don't seal it in properly and you have a gap in the trim and the water gets in there, you almost guarantee that you're going to have issues at some point in the future, if you didn't have the vapor barrier wrapped up properly and tight and sealed up because any kind of leak inside of a a dwelling around here is almost guaranteed that it's going to rot.

[00:31:56]So there's like, you know, almost redundancies that are that are required within the Pacific Northwest in order to, you know, to have a good quality sealedin house. And somebody who may be from, you know, a different area that doesn't have to think about that as much may not have that same like meticulous attitude towards the towards the sealing up of the house from the weather cuz it is not that required of them from their location. you know, if you're in like, you know, a drier climate or something like that. So, to understand like each builder is going to be different like right down to the laborers on the job site and how well that they are nailing the studs together, you know, I mean, it's literally that, you know, right down to the to the individual person.

[00:32:41]You might have a contractor who knows really well what he's doing, has built things in the past, but he's hired subcontractors who are subpar, don't really know what they're doing, or probably don't pulled off the same quality of work that the actual, you know, builder would have done. All righty, guys. I'm going to call it quits here. It was fun talking with you. Got quite a few people in here watching. I guess I'll leave this up for a little bit. making a lot of these member only live stream or making these uh live streams member onlyies after they are up. The YouTube algorithm hates the amount of content that I am putting up there, but I want to make sure that people do get access to the information.

[00:33:19]So, I'll leave it up there for a lot of people to go and review for the next couple of hours. Share the video, do what it is that you need to do with it, and consider becoming a member of the channel. It's a dollar a month. you'll have access to all the videos and all the ones that we've done in the past where we've broken down Fed speeches to understand it from a working-class point of view. So, thank you everybody who has been supporting the uneducated economist. Thank you very much. Uh was it Mia the Shih Tzu and what was it?

[00:33:48]Rich. Let me double check here and make sure I get the name right.

[00:33:54]Yeah, Rich. Thank you so much for all the support for the uneducated economist and thank you everybody who has become a member and consider becoming a member of the school community. Saturday mornings 9:00 we do webinar. You can actually have a straight-on conversation with me.

[00:34:08]They're a lot of fun and we've done them for the last couple of weeks and both weeks we're just you know great times hanging out just you know talking about whatever we want and mainly it's talking about monetary policy but still great time and you'll have access to the credible threat theory course which is the hour-ong video series that I have put together to understand the monetary policy through their use of their words rather than their actions and wars says that that is coming to an and very few people understood that forward guidance was the main monetary policy tool here on the uneducated economist. That's what we were focused in on. So if you want to get that speech, it's available over at the school community. You'll have access to that speech. Download it, listen to it. It's an awesome, you know, way to understand how it is that the Federal Reserve is conducting themselves and then what changes wars is going to bring. So again, this is, you know, very important information. It's deep. It's not easy to grasp it. Once you do, it's not that bad. It's a It's a lot easier to deal with. But really having the discussion daily and then having access to that information, all the speeches highlighted so that you can go and check out where the information is. It's a, you know, it's only spot I can find anywhere on the internet that you're going to get it and it's available at the school community. Links are down in the description. Thank you everybody for joining in. Uneducated economist, you guys let me know.