Is Kamala Harris 'Useless'?

what's going on guys welcome back to the channel if you're new to the Channel please consider subscribing to the channel and while you're at it go ahead and smash that like button I really would appreciate that well guys we've got several things I want to cover with you guys today leaked Intel shows Russia jams us GPS guided weapons given to the Ukraine this is the beginning of the end of Putin in the Ukraine the Supreme Court just ruled that six billion dollars in student loan forgiveness for 200 000 borrowers can finally move forward Hunter Biden is actually looking like a giant embarrassment at this point can't wait to share the details with you guys on that one the S P 500 is expected to tank 27 at least a recession will hit and more financial disasters will happen this according to an elite investor by the name of Jeremy Grantham and why a housing market crash may be closer than you think now we have a lot to get into today guys so without further Ado let's go and jump right in so Russian forces can Jam some of the GPS guided weapons that the United States has given to the Ukraine including joint direct attack Munitions or J dams according to Business Insider it goes on to say that the report shows leaked online it found found that four of nine extended range J dams used by the Ukrainian forces have missed hitting Russian targets possibly due to jamming and it's recommended that the Russian jambers be taken out the information about Russia's ability to jam date J dams and other Precision guided weapons was included in a massive data leak that the justice department is currently investigating yeah so the U.S Supreme Court finally just ruled that six billion dollars in student loan forgiveness for over 200 000 borrowers can finally move forward says here that the the Supreme Court has approved the ruling the relief is a part of a settlement from a lawsuit file back in 2019 by by borrowers who said that they were defrauded now on Thursday the nation's highest Court ruled this six billion dollars in student loan debt relief will be approved for 200 000 borrowers and this is a this is a big step forward this is in results we settlement from a years-long lawsuit known as the sweet versus Cardona now this particular lawsuit is a little bit different than what you might be thinking that this this is a little different from the push from President Biden's student loan forgiveness this is slightly separate this lawsuit was filed back in 2019 under former president Donald Trump on behalf of borrowers with stalled borrower defense claims or claims that borrowers can file if they believe that they were defrauded by the school that they attended now if approved their debt will be wiped out so I repeat if approved their debt will be wiped out now President Joe Biden's education government agreed to a settlement last summer and federal judge signed off on the relief in November so ironically enough you know this is moving forward and actually getting traction but it appears as though this was actually initially initiated by former president Donald Trump now in spite of what's going on with New York city and state prosecutor Alan Bragg out of New York or and and all of the drama that president or former president Trump is dealing with this is actually more positive publicity for former president Donald Trump who's dealing with lots of litigation not to mention a big issue going on in Florida now Kamala Harris is she useless well according to this report evidently she is now Kamala Harris might be president President Joe Biden has yet to announce that he is running for re-election officially though most assume that he is running again now if Biden were to run again and win the election in 2024 by the time that he's sworn in he would be 82 years old now I don't know about you guys but it's getting pretty up there uh you know for president and I I personally feel like he's losing his acuteness in terms of uh cognitive abilities so starting a four-year term at 82 years old is a little bit suspect for a president who's kind of you know showing some wear and tear already as of 2020 the average male life expectancy here in the United States was 77 years old now Biden would be five years past that so just imagine you know if if your life expectancy is say 70 77 years old as a male in the United States and you're starting your presidential term at 82 the odds are already stacked against you and where would we be if President Joe Biden were to be re-elected and die Midway during his term assuming that his running mate is Kamala Harris and she's reelected would you guys be okay with Kamala Harris being president of the United States in the event that Biden were to maybe not make it through his full term hit me up in the comments Down Below on that one gives you some food for thought now here it says come Kamala Harris is an uninspiring figure she Rose to power in the most dubious Ways by beginning her time in California politics having an affair with the politically connected Willie Brown once in power Harris spent her time maneuvering herself into National political office eventually Landing a senate seat representing California while in the United States Senate Harris failed to distinguish herself other than falsely accusing former president Donald Trump's Supreme Court nominee Brett Kavanaugh of rape now Kamala Kamala Harris could not even properly assassinate the character of an innocent Republican journalist whose only crime was uh being an exceptional person on the job while she ran for president Harris was billed as the female Barack Obama who would usher in a new Rainbow coalition-driven future for America so I would love to hear from you guys what do you think about Kamala Harris uh and more importantly how do you feel about Kamala Harris being president in the event that President Biden is re-elected but doesn't necessarily make it through through in uh and finish out his full term I'd love to hear from you guys on that one says here president it says here Hunter Biden is a giant embarrassment Hunter buying has no shame President Biden has made another spectacle of himself in the midst of world shattering events elsewhere at the 40 the 46th president sojourned to Ireland The ancestral lands of the Biden family were there Biden made Waves by vowing to unite the political parties of Northern Ireland goes on to say that the very idea of such a policy being embraced by the American president enraged the British which has controlled the Northern Ireland a Enclave for hundreds of years in fact British control of this region has been the source of centuries of warfare and turmoil between Catholic Ireland and protest in Britain now prepare your Investments prepare your uh your retirement accounts because a an elite investor by the name of Jeremy Grantham he is expecting that the S P 500 will tank at least 27 percent and that a recession will hit and that more financial disasters are likely to happen now these are some these are some pretty significant claims that pretty much everyone will be affected by whether you have a 401k an IRA a taxable brokerage account whether you trade with Vanguard Charles Schwab Fidelity E-Trade Weeble uh Robin Hood you will be affected by a 20 a 27 decline in S P 500 pretty much no one would would Escape that being unscathed if you're connected to the stock market at all and even if you don't have any investments in the financial Arena if you work for a company that is publicly traded you will likely feel the impact of this in terms of job security Now it says here that the S P 500 will dive at least 27 percent to around 3 000 points and might only bottom out next year and The Benchmark stock index could plummet by more than 50 percent to around 2 000 points in a worst case scenario he added now Grantham has been sounding the alarm on a massive bubble in asset prices and predicting that a devastating stock market crash uh will happen and he's been predicting this for more than two years now the veteran investor told CNN that every great bubble in history has ended with an economic downturn he described this he described the prospect of bubbles bursting in both the stock market and in the real estate sector as fairly ominous now you know most people have one or both excuse me most people have one or the other or both you're investing in real estate you own a single family property you're you know whether it's a a house a condo a townhouse most people own one of those they're paying a mortgage payment or they're investing in the stock market to some capacity whether it's through your employer three or 401K uh retirement program at work maybe it's a pension maybe it's your individual retirement account maybe it's a Roth IRA maybe it's a taxable brokerage account but the simple fact of the matter is most people are doing one or the other or both and if this transpires we would all be feeling the pain on this one the recessions are mild if everybody does everything right and there are no complications he says they are terrible if people get anything wrong now we've already seen Jerome Powell miscalculate based on the predictions that he's made we've already seen massive miscalculations from Janet Yellen and I think it's very likely that they will they will not do everything right it's just they don't have the track record of doing everything right in fact they have quite a track record of doing things wrong in fact now grant them caution the sudden collapse of Silicon Valley Bank in March might be just one of several debacles this year the disaster has sparked fears of further Bank runs and Stoke concerns that lenders May panic and pull back causing a credit crunch that hits commercial real estate and other debt Reliance sectors now obviously with the shutdown a lot of employers allow people to work from home there were thousands of layoffs but during this time where employers allow people to work from home many people purchased real estate they purchased single-family homes and bigger properties further out further away from the city they invested in real estate in the suburbs they invested in real estate beyond the outskirts of the suburbs into the rural areas because they wanted more space and because employees didn't necessarily have to report to the office um they leverage this they allowed them they they finally purchased the properties of their dreams and their family finally had the space to enjoy it and without having to worry about commuting into the office there was a no-brainer it was a no-brainer we had low interest rates the FED actually had low interest rates mortgage rates were fairly available as long as you had decent credit you know 700 740 and up you can get a mortgage interest rate 30-year fixed rate mortgage rate for three percent or less all day long we did it twice and so this is this is this is literally fueled the housing market boom that we experienced over the last two years and during this time many people took the extra time to create online businesses they created side hustles uh you know Amazon FBA they created uh businesses leveraging the ability to earn income through stripe and PayPal and vemo and you know basically just any other payment online payment Gateway that you could think of um they pushed products leveraging affiliate marketing strategies I mean this thing got really big people built Shopify stores online businesses were booming and more and more people became less and less reliant on their primary source of income which was their traditional nine to five well he goes on he goes on to say here quote other things will break and who knows what they will be goes on to say we are by no means finished with the stress to the financial system this guy's a billionaire so you know I think he knows what he's talking about when it comes to the money he goes he says that when the Great bubbles break they do impose a lot of stress on the system so my question for you guys is what are you doing to prepare yourself for a collapse I'm talking about a collapse of the housing market compressed real estate values potentially a collapsed stock market and what about a potential for job loss do you have an emergency fund do you have any type of Investments that you could potentially liquidate if you needed to if you needed to kind of fill some gaps in the event of employment loss do you have a side hustle these are the things these are the questions I would be asking myself and you want to know the answer to these things before you actually find yourself in a crisis because by then it could be too late now I want to talk to you guys about why housing market crash may be closer than you think so the housing market is one of the key telling signs of the overall health of our economy I've shared with you guys numerous reports from Zillow and Redfin and housing values are perhaps the most visible sign of how well the housing market is doing but there are a number of other variables that you can look at to assess the Market's overall health so for example the number of mortgage applications can indicate you know how many buyers are looking to buy a property and how many sellers are on the market we can just kind of jump on Zillow realtor.com Trulia name your favorite website and we can see how many houses on the market and looking at how much is being spent on home appliances and and Home Furnishings can be a good idea in terms of how much the consumer is willing and able to spend we could look at you know how well there's Rooms To Go doing how well is Haverty's doing at home um Ashley's Furniture like how well are these different companies and businesses doing this can help us get a fairly accurate barometer in terms of how strong the economy is and heck I mean walking to the stores during the weekend how busy is Rooms To Go on the on the weekend are they busy do you see lots of families walking in there looking at furniture and actually buying so you know these are questions these are things I'd be wondering and so uh basically another go-to data point is lumber prices and it is the Cornerstone of of of of many primary Market risk signals precisely because of what it tells us about the housing market right so the average home has about 16 000 board feet of lumber and lumber prices are a direct tell on home construction uh industry demand and ultimately home prices and so home prices they're already under decline we're seeing this in multiple states and cities uh some of the Cities being hit the hardest are many parts of Florida um you know uh Orlando actually or Orlando's still fairly strong but I'm starting to see a lot of weakness on the Florida coast uh Fort Myers uh Panama City Destin um and and Miami is actually starting to see some pullbacks as well uh uh is it Sarasota uh Jacksonville but Las Vegas is seeing dramatic pullbacks in their real estate and housing market uh certainly San Francisco California seeing pullbacks and a number of other cities inside of California but uh there was a report I saw the other day 25 to 30 percent price reductions in um in South in San Francisco California so that's pretty substantial so we can look at these barometers and kind of get a get a feel for what is likely to come in our Economy based on what's happening in the housing market and so um basically we are realistically expecting the possible uh housing market pullback coming in sooner than expected and recent reports have indicated that as mortgage rates remain above five and a half percent buyers are uninterested they're really showing a a a disinterest in purchasing real estate with interest rates being above five and a half percent now if this persists and we start seeing more and more homeowners in need of selling their homes they may have to drop prices and this could be the the first domino falling over before the Cascade of thousands of future dominoes to fall so I'm just saying prepare yourself and prepare yourself for survival but also prepare yourself financially to take advantage of many different asset collapse opportunities that will show up in the future so and just to break this down for for those who might not be following what I'm saying when assets collapse that doesn't mean that it's necessarily A Bad Thing think about it like this you know if you go to a grocery store Walmart Costco Target you name it right and you know things you normally buy toilet paper uh you know vegetables uh um I don't know hamburger meat chicken eggs milk right you unders you know what those prices are normally like well when you see that those items have gone on sale you get excited right because you realize it's a good deal on something you need and it's a good deal on something that's of value to you so I like to look at the stock market the same way I like to look at the real estate and housing market the same way when stock prices go down I don't panic that they've gone down when housing prices go down I don't panic that they've gone down I say to myself hey is there anything that I can grab right now that's on sale that's at a discount and so that's exactly how I like to look at the housing market and the stock market and so what I'm saying when I'm talking about preparing for the future and preparing for a collapse yes prepare for survival but at the same time prepare for the come up prepare for the discounts in these assets because as these assets uh begin to contract this is where the wealth is made a wise real estate investor once told me you make your money when you buy and this is holding true this holds true you make your money when you buy if you pay too much for an asset it's very hard to profit from it so when assets collapse and they become cheaper you need to be in a financial position to be able to make that purchase and so during this time you know if if you know if I'm you or I should say what I am doing is I'm stockpiling cash to make sure that I'm in a position to be able to take advantage of many of these opportunities that are going to be coming up in the future especially as it's going to be harder and harder to obtain cash and Capital Loans from Banks Banks are starting to really get nervous right now they're not offering credit as easily as as they used to uh interest rates on the credit that they do offer is significantly higher and so what this means is that cash is going to be king in the future in the coming months and so yeah I'm investing in gold and realism I'm investing in gold and silver and of course for the best way to invest in gold or silver there's a link in the description down below but at the same time you want to have some dry powder ready to go and when I say dry powder I'm talking about cash I'm putting my money into the most stable banks that I can find the most stable high yield interest banks that I can find the highest yielding uh money market funds in the most stable banks that I can find so you know you know do your own homework pick the banks that you decided that you want to do business with but again when I put money in the bank there's a reason and there's a certain amount that I'm looking to put in there and you know we've seen what happened with Silicon Valley Bank Signature Bank credit Swiss you have to do your own homework and be confident about what you're choosing right FDIC swooped in and you know saved a lot of the over I should say underinsured bank account holders but I wouldn't depend on that going forward so me personally I don't have one bank account I have many bank accounts and I do this for diversification and to ensure that I remain within the uh confines of what FDIC insurable limits are so you know do your homework whether it's you know JPMorgan Chase Bank of America Wells Fargo uh you know Citibank Credit Unions now credit unions are not FDIC insured they're actually insured by a a a an equivalent organization which I believe is the ncua and I cannot remember exactly what that acronym means but basically it's the equivalent of FDIC for credit unions so uh let me know if you guys want me to provide a list of my top 10 Credit Unions that that I like or maybe my top 10 favorite Banks uh hit me up in the comments down below let me know what you guys are thinking on that if you want me to drop that list or um you know I'm more than willing to make a video for you guys on that uh in terms of the top 10 best credit unions or the top 10 highest yielding uh banks that that I'm aware of uh I'd love to hear from you guys but let me know if you guys got some value out of this video also let me know what topic that I've covered during today's video that you found most interesting I'd love to get that feedback from you guys also if you made it this far in the video do your boy a favor drop a like for the video consider subscribing and I'll see you guys on the next