Your Money Is About To Be Worth A Lot Less

[00:00] So, a few days ago, the United States

[00:01] and Iran signed a deal to end one of the

[00:04] most destructive wars in decades. And

[00:06] within just days, it fell apart, just

[00:10] like we said it would. Israel kept on

[00:12] bombing Lebanon, the agreement broke,

[00:14] and Iran shut the Strait of Hormuz

[00:16] again. And that means no more oil for

[00:18] the world, and the crisis is sort of

[00:20] back on. And the question is,

[00:22] why did that happen? Everyone says it's

[00:25] because of Israel and Netanyahu, and

[00:28] that's partially true, but there's a

[00:30] more encompassing theory that explains

[00:32] it better.

[00:33] And the theory says that what's actually

[00:35] happening right now is that there is an

[00:37] internal conflict in the profit-making

[00:40] machine that's between the

[00:42] military-industrial complex and the

[00:44] technological-industrial complex. You

[00:47] see, the military's forever war model is

[00:50] being shut down to make room for the

[00:53] technological-industrial complex's AI

[00:55] build-out. Because in order to build AI

[00:58] and data centers and the control grid,

[01:00] you need stability instead of war. And

[01:03] if that is right, it would explain why

[01:06] people who would have never criticized

[01:09] Israel are now criticizing Israel.

[01:11] >> I'm not happy with the way

[01:14] Israel has handled themselves with

[01:16] Lebanon and with Hezbollah. Without the

[01:19] United States, there would be no Israel.

[01:21] Israel would have been blown up a long

[01:23] time ago had I not gotten involved.

[01:25] Israel's fighting Hezbollah too long,

[01:27] and too many people have been killed.

[01:29] And you don't have to knock down an

[01:31] apartment house every time you're

[01:32] looking for somebody.

[01:34] >> Now, whether the forever war model holds

[01:36] or not really depends on oil, because

[01:39] oil runs straight through the Federal

[01:41] Reserve, and it's all connected. So,

[01:43] today I want to explain how, no matter

[01:45] what happens, the most likely outcome

[01:48] that we're going to see in the next few

[01:49] years is that our money is going to be

[01:52] worth a lot less. And here's how that's

[01:54] going to be done.

[01:56] A few days ago I made a video for the

[01:57] premium members predicting exactly what

[01:59] the Fed would do. It called the whole

[02:01] mess before it happened and we

[02:03] accurately predicted what would happen

[02:05] to the federal fund rate, aka the

[02:07] interest rate. Because the truth is we

[02:08] already knew what Kevin Warsh was going

[02:10] to do using that CME FedWatch tool. The

[02:13] market predicted over a 97% chance that

[02:16] interest rates stay the same.

[02:18] And that's exactly what happened.

[02:19] But I also said that what really

[02:21] mattered is what he was going to

[02:23] telegraph to the world about the future

[02:25] of the Federal Reserve. For example, I

[02:27] said if he didn't give the market what

[02:30] economists call a dovish signal,

[02:32] if he didn't hint that some kind of a

[02:34] relief was coming, stocks were going to

[02:36] go down.

[02:37] And that's exactly what happened. The

[02:39] S&P 500 closed down 1.2% which is a lot

[02:42] for the stock market. So in this video I

[02:45] want to explain what actually happened

[02:47] and what their master plan actually is

[02:50] and how they're planning to rewrite the

[02:51] rules for the Federal Reserve itself.

[02:54] One of the ways they're going to do that

[02:55] for example is that Kevin Warsh said

[02:58] he's dropping what's called the forward

[03:00] guidance.

[03:01] >> That statement just gives you the facts

[03:03] as best we can judge it.

[03:05] Absent also is so-called forward

[03:07] guidance, which we agreed was not well

[03:10] suited to the current policy conjecture.

[03:13] >> Which is a fancy way of saying

[03:15] he told the market, "I'm not going to

[03:17] tell you guys what we're going to do

[03:18] next anymore."

[03:20] He's refusing to submit his own

[03:22] forecast.

[03:23] >> I, however, refrained from offering any

[03:25] projections of my own

[03:27] consistent with my long-held views on

[03:29] the SEP, at least as currently

[03:31] structured.

[03:32] >> And he also launched something called

[03:34] the five task forces which is meant to

[03:36] review everything from how the Fed talks

[03:40] to how it measures the economy and

[03:42] inflation.

[03:43] >> The third task force, the one on data,

[03:46] will evaluate new information sources

[03:49] and consider methodological changes to

[03:51] improve data gathering

[03:53] with the aim of giving policy makers

[03:55] more accurate

[03:57] relevant contemporaneous

[04:00] and perhaps most important actionable

[04:02] information on the state of our economy.

[04:05] >> So, information and data are going to be

[04:08] a privilege for this administration.

[04:10] And I think there's a plan to craft a

[04:12] story that inflation is under control,

[04:15] right? That is the official story it

[04:17] looks like they're creating. But the

[04:19] unofficial story

[04:20] is that they might be building a machine

[04:23] to do the exact opposite. And the key to

[04:26] this machine is controlling the data

[04:29] itself.

[04:30] And why they're building this machine

[04:32] is so they can do what they've always

[04:35] ultimately wanted to do, which is

[04:37] quantitative easing, aka printing money.

[04:41] This machine will allow them to do that

[04:44] by showing us that the data supports

[04:46] their plan.

[04:47] There's a lot of really interesting

[04:48] stuff to get through, so with that said,

[04:50] let's get into it.

[04:51] >> Hi, my name is Andre Jik. Hope you're

[04:52] doing well. Come for the finance and

[04:54] stay for the stock market. Now, if

[04:55] you're watching this and you're not a

[04:57] finance nerd

[04:58] there's a question I think we all have.

[05:00] Cuz Trump picked Kevin Warsh as his Fed

[05:02] chair. And Trump's been screaming for

[05:04] lower interest rates for years. He

[05:06] literally joked that he would sue his

[05:08] own Federal Chairman if he didn't lower

[05:10] the rates. And then on Wednesday, not

[05:13] only did Kevin Warsh not lower interest

[05:15] rates

[05:16] the Fed's projections show nine of its

[05:19] members want to increase interest rates

[05:21] before the end of the year. So, the

[05:24] obvious question is, how long is it

[05:25] going to take Trump before he goes on

[05:27] Twitter and is like, this guy's an

[05:28] idiot? And the answer to that question

[05:30] is basically this video. Hopefully

[05:32] everything will make sense by the end of

[05:34] it.

[05:34] Here's the thing. About a week ago right

[05:37] after a report came out showing

[05:39] inflation went up 4.2% right to the

[05:41] highest level in 3 years.

[05:43] Trump said I love inflation.

[05:46] That's a weird thing for him to say

[05:47] because he was partly elected on a

[05:49] promise to bring prices down and he's

[05:51] saying he loves inflation. Why?

[05:54] It's because as long as you can blame

[05:55] inflation on the Iran war and the price

[05:58] of oil,

[05:59] then it's nobody's fault.

[06:01] It's the war's fault. So, okay, why then

[06:04] did he hold the interest rate steady?

[06:07] It's because this is how he earns the

[06:10] right to lower interest rates later.

[06:13] Because imagine if he had done the

[06:14] opposite.

[06:16] If Kevin Warsh just walked in on day one

[06:18] and was like, "I'm lowering interest

[06:19] rates guys."

[06:21] Everyone would say,

[06:22] "That's just cuz Trump told you to." The

[06:24] bond market would have revolted and then

[06:27] interest rates would have went way up

[06:29] and he'd be branded a puppet. Like he'd

[06:31] have no credibility. He'd have no

[06:33] independence. So, right now, he is doing

[06:36] the opposite because he gets to sound

[06:39] and look tough on inflation in the face

[06:41] of Trump. It creates the narrative that

[06:43] he is in fact independent. He takes the

[06:45] credibility and then later this year, if

[06:49] this Iran deal supposedly goes through

[06:51] and oil actually comes back down,

[06:54] then inflation comes down by itself and

[06:56] he gets to lower interest rates and say,

[06:59] "The data told me to, so I did."

[07:02] Right, Kevin Warsh gets to look hawkish

[07:03] today so that later he can be dovish and

[07:06] lower the rates without being punched by

[07:09] the bond market. Now, if all of that

[07:11] sounded super confusing,

[07:14] let me explain the biggest changes going

[07:16] forward.

[07:18] What they're doing right now is they're

[07:20] creating a story for the master

[07:22] strategy.

[07:23] The story they need is that inflation

[07:26] will be low driven by the end of the

[07:28] Iran war and the AI boom, which is

[07:31] disinflationary, which allows us to then

[07:34] lower rates and print money.

[07:36] But in order to justify those actions,

[07:39] they need to create a machine that sells

[07:42] that story.

[07:44] Let me explain how I think this machine

[07:46] is going to work. Now, before I get into

[07:48] that, this video is sponsored by Zocdoc.

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[08:43] it.

[08:46] So, here's the machine that they're

[08:47] creating. Remember those five task

[08:49] forces? Well, one of them will be

[08:52] dedicated to collecting data. Like, how

[08:55] the Fed collects it, where it comes

[08:56] from, like how measures the economy, all

[08:58] the inflation, right? Now, today, the

[09:01] data the government uses to run this

[09:03] whole country is genuinely broken.

[09:05] Things like our jobs report, all the

[09:07] inflation reports, they all come from

[09:09] surveys. So, the government makes its

[09:11] best guess, it publishes a number, and

[09:15] then the whole market starts to react to

[09:16] it, and then months later, the

[09:18] government has to revise it. And they do

[09:20] this all the time. There's huge

[09:22] revisions. We're talking about the

[09:24] government revising these numbers by the

[09:26] hundreds of thousands of jobs after the

[09:29] fact, and more than once.

[09:31] Kevin Warsh calls the old data an echo

[09:33] of history, and he's right. So, he wants

[09:36] real-time, accurate data powered by AI.

[09:40] >> [snorts]

[09:41] >> Now, that's not why, though, they're

[09:44] updating this machine.

[09:46] They're updating it because there's a

[09:47] catch. And the catch is that right now

[09:49] there's two completely different stories

[09:53] about inflation.

[09:54] Story number one is the official data,

[09:58] the way they've always measured it,

[09:59] using the CPI and the PCE.

[10:01] That data says inflation's high. It's at

[10:04] 4.2%.

[10:06] And the Fed is predicting that by the

[10:08] end of the year it'll be 3.6%. That is

[10:10] still high.

[10:11] That story says, "Well, you can't lower

[10:15] interest rates because inflation's too

[10:16] high."

[10:18] Okay, story number two is

[10:20] oil has gone down almost 40% from its

[10:23] highs.

[10:24] And supposedly the Iran deal is getting

[10:27] signed this Friday.

[10:29] That story says inflation is going to

[10:33] crater, right? It's about to fall off a

[10:35] cliff. So, you can absolutely lower

[10:37] interest rates in that case.

[10:39] But the question is

[10:41] who gets to decide which story we're

[10:43] going to use?

[10:45] Cuz whoever picks the data will pick the

[10:48] policy.

[10:49] If Kevin Warsh picks this official data

[10:53] part one, right? He's trapped. So, he

[10:56] has to stay hawkish, meaning rates have

[10:59] to stay higher for longer cuz the number

[11:01] says inflation's hot.

[11:03] But the second he gets to say

[11:05] "Nah, we don't look at that lagging old

[11:07] data anymore, right? We look at this new

[11:10] real-time data driven by Palantir."

[11:13] Whatever it might be.

[11:15] Suddenly

[11:16] inflation is going down. And then he's

[11:19] free to lower interest rates. He's free

[11:22] to start reducing the Fed's balance

[11:24] sheet. He gets to say that it's all data

[11:26] driven. And that's the whole game.

[11:28] But it's also his data. He gets to

[11:30] choose which true number the Fed will

[11:33] use.

[11:34] And he's obviously going to choose the

[11:35] one that conveniently gives him

[11:37] permission to do what he's always wanted

[11:39] to do anyway.

[11:41] Which is QE.

[11:42] How we know this is because the Fed is

[11:45] considering changing how they measure

[11:47] inflation using that trimmed mean PCE.

[11:51] Basically, let's get rid of all the

[11:52] outliers like oil for example, which is

[11:55] kind of the whole reason why inflation

[11:57] is as high as it is.

[11:58] If we remove the extreme variables, we

[12:00] can make inflation look less bad.

[12:02] The point is that it's up to them.

[12:05] They can pick which story they want to

[12:07] go with.

[12:08] Now going beyond that though,

[12:10] Kevin Warsh is also removing

[12:13] all the ways we might be able to catch

[12:15] him doing this.

[12:16] AKA no more dot plot.

[12:18] The dot plot by the way is a survey for

[12:20] what other central bankers on the Fed

[12:22] want to do with interest rates.

[12:24] So, no more forward guidance.

[12:27] There's going to be a brand new

[12:28] framework that is going to be designed

[12:30] in-house.

[12:31] The old data though, as broken as it

[12:33] was, right? It was at least everybody's

[12:34] data. It was public and you could check

[12:36] it. So, if you're sitting at home and

[12:38] you're like, "Groceries still feel

[12:40] pretty insane to me."

[12:42] But the Fed is telling you that

[12:43] inflation's under control and they're

[12:44] cutting rates to celebrate,

[12:46] you're not going to be able to point to

[12:47] a number and say,

[12:49] "Hey,

[12:50] what's going on here, right? That's

[12:51] wrong." Because the number will be

[12:53] whatever they decided for it to be.

[12:55] So, that is one of the gears of this

[12:57] machine. It's to control the data. So,

[12:59] you can justify the easing and then you

[13:01] could say it's all good.

[13:03] Now, justifying all of this is just half

[13:06] of the job.

[13:07] They still have to do the actual easing,

[13:10] the actual money printing without anyone

[13:12] seeing it as money printing so that

[13:15] people don't get mad that their dollar

[13:17] buys them less.

[13:19] And that's exactly where the banks come

[13:20] in. Now, let me show you exactly how

[13:22] that's going to work. Remember there was

[13:23] that rule that came out of the 2008

[13:25] financial crisis called the supplemental

[13:27] leverage ratio or SLR for short.

[13:31] All it really does is limit how much a

[13:32] bank can hold relative to its own money,

[13:35] including Treasury bonds.

[13:36] And when COVID hit in 2020 and the banks

[13:38] needed help the Fed temporarily exempted

[13:42] Treasuries from that rule for about a

[13:43] year.

[13:44] What happened then was

[13:46] banks piled their money into Treasuries,

[13:49] hundreds of billions of dollars worth.

[13:51] The bond market started to run really

[13:53] smooth.

[13:54] But when the exemption expired in March

[13:56] of 2021

[13:58] the bond market did not like it and it

[13:59] got really choppy.

[14:01] Now, why this is so important to our

[14:02] story is now we can put these two pieces

[14:05] together and hopefully this machine

[14:07] makes a little bit more sense.

[14:09] On one hand Kevin Warsh talks about

[14:11] shrinking the Fed's balance sheet. He

[14:14] wants the Fed to have fewer bonds. He

[14:16] wants the line on this chart to go down.

[14:19] He wants to show this data because that

[14:21] would mean or that would imply less

[14:23] inflation. Awesome.

[14:26] On the other hand, he also wants to

[14:28] deregulate the banks.

[14:30] He will hand them back their Treasury

[14:31] exemption from the SLR.

[14:34] And the second he does that the banks

[14:36] will step in and scoop up all the bonds

[14:39] the Fed was selling. Except the banks

[14:42] will do it with huge amounts of leverage

[14:45] cuz borrowing to buy is what banks do.

[14:49] But then if that's the case, ask

[14:50] yourself what is the difference?

[14:52] Right, the Fed sells the bonds

[14:54] and then the banks buy them.

[14:57] The net effect of the bond market is the

[14:59] same thing as if the Fed just bought the

[15:01] bonds itself. Right, that is

[15:03] quantitative easing. That is money

[15:05] printing. It's just laundered through

[15:09] the commercial banking system instead of

[15:12] showing up on the Fed's balance sheet

[15:14] where a guy on some social media can be

[15:16] like, "Look, they're printing money cuz

[15:18] the line's going up." Now, that will not

[15:20] be as easy to do.

[15:22] That is control of data. That's the

[15:24] beauty of it. When someone asks, "Well,

[15:27] aren't you guys printing money? Isn't

[15:28] that why my dollar's buying me less

[15:30] now?"

[15:31] They will get to say,

[15:33] "No. We're actually shrinking our

[15:35] balance sheet." They'll say, "Look,

[15:36] we're tightening. We are letting go of

[15:38] our bonds. There's no inflation."

[15:41] But the money still gets printed anyway.

[15:43] Your dollar will still buy you less. The

[15:45] reasoning for it will be,

[15:47] "Hey, we're freeing the banks to lend to

[15:49] Main Street instead of Wall Street.

[15:51] We're helping small businesses." And

[15:53] there's enough truth in it to make it

[15:55] impossible to argue against. So, follow

[15:57] the incentive. That is the machine. They

[15:59] will control the data, which they can

[16:01] then deregulate the banks with, so then

[16:03] they can do the quantitative easing

[16:05] without it looking like money printing.

[16:07] And it all works beautifully on paper

[16:09] because the data will support all of it.

[16:12] Now unfortunately

[16:14] for their master plan to work, there's a

[16:16] couple very big problems they first have

[16:19] to solve. The first problem is that the

[16:21] bond market doesn't believe them.

[16:23] The bond market just sent Kevin Warsh a

[16:25] very loud, clear message.

[16:28] In this chart, we can see what just

[16:29] happened to interest rates on Wednesday.

[16:31] Bond rates have gone up, but not evenly.

[16:35] Look at what happened to the short end

[16:37] versus the long end.

[16:39] The two-year Treasury bond, which

[16:41] basically the market's bet on what the

[16:43] Fed's going to do over the next couple

[16:44] of years,

[16:46] that went up the most, up to about 4.2%.

[16:49] But the 30-year Treasury rate,

[16:52] that barely moved at all.

[16:54] So, the front of the curve went up, and

[16:56] the back of it's just kind of sitting

[16:58] here.

[16:59] Now, why that's so important is because,

[17:01] in nerd speak, from my last video,

[17:03] that's called a flattening of the yield

[17:06] curve.

[17:07] Investors are basically saying,

[17:09] "We think the Fed is going to keep rates

[17:11] higher for longer cuz we think inflation

[17:13] is worse than what you're telling us it

[17:14] is.

[17:15] We also did not hear you say in your

[17:17] meeting that you're going to lower

[17:19] interest rates later this year, and nine

[17:21] of your other members want to increase

[17:23] interest rates.

[17:25] Pay us more money. And that's why the

[17:27] two-year Treasury bond is going up.

[17:30] Unfortunately, for the banks, part of

[17:32] the plan to work right now,

[17:34] Kevin Warsh needs to get the yield curve

[17:36] steeper. He needs a bigger gap between

[17:39] short- and long-term rates. He needs the

[17:42] short rates to be low, and long-term

[17:45] rates to be higher, because this gap,

[17:48] that's where banks make money.

[17:50] So, what the market did on Wednesday was

[17:53] it flattened the curve. It raised on the

[17:56] short end. It did the opposite of what

[17:59] their plan needs them to do.

[18:02] Kevin Warsh also said he's going to drop

[18:04] the forward guidance.

[18:06] He's like, I'm not going to tell you

[18:07] guys what we're doing anymore.

[18:08] Now, from a bond investor's point of

[18:10] view,

[18:11] when the Fed used to tell you what it

[18:13] was planning,

[18:14] you could buy your bonds with

[18:15] confidence, right? You can kind of plan

[18:16] ahead.

[18:17] But now, Kevin Warsh says, "I'm not

[18:19] going to tell you guys anything."

[18:20] So, investors are like, "Okay, pay me

[18:22] more for this uncertainty."

[18:24] That extra payment in the investment

[18:26] world has a name. It's called a risk

[18:28] premium.

[18:29] Now, the second problem the US has is

[18:32] US government has to refinance something

[18:34] like $8 trillion worth of debt over the

[18:37] next year.

[18:39] That means short-term interest rates

[18:40] right now are very important. They need

[18:43] them to come down.

[18:45] But ever since around 2014,

[18:47] foreign central banks

[18:49] basically stopped buying our Treasury

[18:52] bonds.

[18:53] That makes it harder for rates to come

[18:55] down.

[18:57] And who's actually buying our bonds

[18:58] right now

[18:59] are highly leveraged hedge funds.

[19:02] In fact, a Fed paper found that funds

[19:05] based in the Cayman Islands bought up

[19:07] something like 37%

[19:10] of all the new government notes and

[19:12] bonds issued since 2022.

[19:14] So now, when stocks go down and the

[19:17] market gets scared,

[19:18] those hedge funds could be hit with

[19:20] margin calls and then they're forced to

[19:22] sell.

[19:23] And what do they sell?

[19:24] They sell their treasuries.

[19:26] That is why, now more than ever, we need

[19:29] more buyers of treasuries at a time when

[19:34] there are less and less. Right? We need

[19:37] someone to bail out the bond market

[19:40] without it looking like the Fed is doing

[19:43] it. So instead of stocks down, bonds up,

[19:46] which is what investors have always

[19:48] relied on happening,

[19:50] we're now getting stocks down and bonds

[19:53] down and their yields are up at the same

[19:55] time. That's what happened on Wednesday.

[19:57] The S&P went down over 1% and bond

[19:59] yields went up. So the old safety net

[20:02] that investors have always relied on,

[20:04] right, it's not there anymore. Okay,

[20:06] let's just forget about the bond market

[20:07] for a second.

[20:08] There is a second problem that might be

[20:11] even bigger that's sort of like the

[20:13] deciding X factor on whether any of this

[20:16] works or not. And that is the price of

[20:19] oil. A huge reason why inflation is as

[20:21] bad as it is right now is because of

[20:24] oil. If it stays high,

[20:26] then Kevin Warsh never gets his excuse

[20:29] to lower those rates. Oil decides

[20:31] everything. So what's happening to oil

[20:33] right now?

[20:34] Right now, oil is going down because the

[20:36] market thinks the Iran deal is about to

[20:39] get signed. On paper, this is perfect

[20:41] timing for Kevin Warsh. Oil crashes,

[20:44] inflation cools down, and right on cue,

[20:47] he gets his reason to lower interest

[20:48] rates in the future.

[20:50] How do we get the oil down?

[20:52] Couple different ways.

[20:53] We can manipulate short-term prices

[20:56] through the oil futures market. We can

[20:58] do it through the media and the

[21:00] Strategic Petroleum Reserve, the SPR.

[21:03] In my last video, I said that that would

[21:05] run out in under days, which is why this

[21:09] Iran deal was so important and it needed

[21:12] to get done ASAP.

[21:15] Well, listen to what Trump himself said

[21:16] about why he stopped bombing Iran.

[21:19] >> If we If we keep bombing, those ships

[21:21] won't be going and you're talking about

[21:23] 500 600 700 million dollars a day. It's

[21:28] a lot of money. A lot of money. That's

[21:30] why the world is okay. It's liquid. It's

[21:32] fine. Also, we run out of reserves in

[21:34] about 4 weeks. You know, there are

[21:36] reserves all over the world and we would

[21:38] really run out and there'll be a time

[21:39] when you wouldn't be able to get it and

[21:41] you want to see bedlam?

[21:43] >> He said if we keep bombing, the ships

[21:45] won't be able to move and then we run

[21:47] out of reserves in about 4 weeks.

[21:50] So, he just admitted the reason for this

[21:52] deal. The reason he's pulling out has

[21:55] nothing to do with winning a war.

[21:57] It's about getting oil flowing again

[22:00] before the US economy blows up.

[22:03] Trump basically told us what I've been

[22:05] saying in all these videos.

[22:07] Now, unfortunately, the deal hasn't

[22:08] actually happened yet thanks to Israel.

[22:11] And even if they eventually sign a deal,

[22:13] getting oil to actually flow back to

[22:15] normal is going to take months. There

[22:17] are something like 500 ships stuck in

[22:19] that region right now. The insurance

[22:21] companies and the shipping giants are

[22:23] still scared to send the tankers through

[22:25] it. Analysts are saying it could take

[22:27] two to three months just to get traffic

[22:30] back to normal and that's if everything

[22:32] goes perfectly, which we now know it

[22:35] won't be.

[22:36] So, now the real question for me as an

[22:37] investor is well, okay then, what can we

[22:40] expect from the stock market? Let me

[22:43] show you what history says will happen.

[22:46] Take a look at this chart. This is from

[22:47] Barclays and Bloomberg and it shows what

[22:50] this S&P 500 has done in the first 3

[22:52] months after a new Fed chair takes over.

[22:56] If you go down the list, almost every

[22:59] single time you got a new Fed chair, the

[23:01] market goes negative. On average, the

[23:03] stock market falls about 12% in the

[23:05] first 3 months of a new chairman.

[23:07] Some of them, like when Alan Greenspan

[23:10] took over, the market went down by 33%.

[23:13] Another one way back went down 32%.

[23:16] Look at who had the smaller drops. It

[23:19] was Powell, Yellen, Bernanke.

[23:23] Those were the continuity guys. But the

[23:26] giant drops in the market, like the 30%

[23:28] plus ones, that happened when a new

[23:30] chairman came in and changed the game.

[23:33] All right, the bigger the change, the

[23:35] bigger the drop.

[23:37] I could see that happening in the stock

[23:38] market. It is very possible that by

[23:41] October-November time frame, we see the

[23:43] market down.

[23:44] Although, it is also possible that we

[23:47] thread the needle. The deal gets done.

[23:50] Inflation, based on this new data, comes

[23:52] down.

[23:53] And then we go right into printing

[23:55] money.

[23:56] It kind of depends on what happens with

[23:57] this Iran deal.

[23:59] Anything is possible and nothing is

[24:00] certain, but I'm still invested.

[24:02] According to Luke Gromen from FTT,

[24:05] here's how you know everything from this

[24:08] video will come true about their master

[24:11] plan. There's five signs to look for to

[24:13] know their plan is working. And that is

[24:15] a weaker dollar, higher stocks, lower

[24:19] 10-year yields, higher gold prices, and

[24:22] higher Bitcoin prices.

[24:24] On Wednesday, every single one of those

[24:27] signs flashed the opposite. Dollar up,

[24:30] stocks down, 10-year Treasury yields up,

[24:34] gold down, and Bitcoin down. Which means

[24:36] their plan is failing, at least for now.

[24:39] But time will tell.

[24:41] If you're interested in seeing how I'm

[24:42] preparing and how I'm investing, those

[24:43] videos live in the premium member

[24:44] section. You'll also gain access to my

[24:46] main videos earlier. If that's valuable

[24:48] to you, the link is down below. It also

[24:50] allows me to make more videos like this

[24:51] one, take on fewer sponsors. Thank you

[24:53] for watching. I hope you have a

[24:54] wonderful rest of your day. Smash the

[24:56] like button. I'd love to see you next

[24:58] time. Thank you for being premium

[24:59] member, and take care. Shh.