Patrick Bet-David: The Collapse That Will Change A Generation

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Chapters:
00:00 - Warning
04:33 - Don't Fall Into The Trap
06:22 - Employment Crisis
07:59 - Phantom Debt Crisis
12:56 - The Endgame, Real Estate Crash, American Dream Is Gone

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► Special thanks to:
Patrick Bet-David & Valuetainment
PBD Podcast

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[Richardcarlett]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[hersdera]

I used to work as an investment advisor. The advice presented in the video is excellent and holds true for the average American. While it's a fact that money can't directly buy genuine happiness, it does provide the means to access experiences that can lead to happiness. However, for individuals with a substantial portfolio, say around $5 million, if you observe closely, you'll find that most people in their 70s are still quite active (I live in LA), but by the time they reach 80, their activity levels tend to decline. So, it's essential to enjoy life at some point before it's too late. That enjoyable vacation might well be the experience that brings comfort in your later years. It's important to distinguish between spending money wisely and squandering it. Be prudent in your value-conscious spending.

[CryptowithJAMESHub]

I squirrelled away cash for a rainy day, but with inflation pouring down, it feels more like a leaky bucket. Saving for retirement seems impossible if my money keeps losing value faster than I can earn it.

[AstaKristjan]

Things arent getting any easier. The average social security check is $1500 a month. The worst part is 22% of Americans have less than $5k saved for retirement. Start investing now! Nobody is coming to save you. better start today

[GillerHeston]

A perfect storm is brewing in the United States. Housing prices, Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund which has been sitting duck since forever with zero to no gains.

[brianwhitehawker]

I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

[Porterfield]

The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. It is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into it.. My two cents.

[BrewerVera]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

[smithlenn]

The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25, 000 a year.

[danielgant]

I think the reason most Americans aren’t spending is because they just don’t have anything left, when the absolute necessities are met.

[vadra]

I work an extra job on the weekends roughly 400 extra a month donate pet food, invest in gold and silver and buy food with it for stocking up and save a little cash on the side. No one is going to save you. Love light and many blessings

[MadamWilson]

$650 monthly car payment making only $30k a year is beyond diabolical…. That shyt is insanity

[Baldwin]

Successful investing/trading is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[billrhea]

Does anyone know when the Build back better starts? ANYONE!

[Kaustavpatell]

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

[shirleylake]

Learned the hard way. Live BELOW your means😊.

[chrissharkey]

“Don’t worry about the White House! Worry about Your own house”. Love it!!!

[TheWorldBelow]

No more central banking, end taxation, give government its own payroll for labor, let combined savings interests pay for infrastructure that will blow our minds.

[traviswes]

I’ve been diligently working, saving and contributing towards retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[beebob]

Out of college I was broke. Made it all work. Lived in a room above a family. Made peanuts. But I worked hard and now own two homes outright and no debt. My retirement is growing and I’m well diversified