WARNING! The Financial Crisis Is Almost Here...

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WARNING! The Financial Crisis Is Almost Here...

I believe not only that the housing market will crash by the middle of 2021, but also that the stock market will crash, and I think the USD$ (the World reserve currency) is in for some major challenges

If the USD$ goes, everything goes, because the other currencies are backed, or pegged to the dollar...

The only thing I think will be safe is precious metals… and I’m not selling you on metals, I‘m not affiliated with any dealers, I don’t sell metal, this is a completely unbiased opinion, based on studying previous crashes, recessions and depressions - don’t take my word for it, do your own research...

HOUSING:
Mass unemployment, I don’t believe these 10% unemployment numbers.
⅓ of US households missed their rent payments last month… which means a wave of evictions if people don’t catch up

I’m expecting anywhere from 3-5 million evictions this year just in the USA alone, and this is why forecasting the housing crash is like hitting a moving target, because evictions are really not going to go through until probably March 2021 in many states, meaning that my forecast for Dec 2020/January 2021 is looking like it could be pushed back to the Spring now, but then again there are other variables pulling it forward

Overall though, I’m expecting as many as 15 million evictions in the USA so about 5% of all homes, that includes everything, homeowners, renters, etc, but in all honesty, that is just my best guess!

If the Government step in, we’ll see less, if they don’t, we could even see more

130 million homes in the USA, the evictions won’t have that much of an impact really, however, what it will do is add more inventory to the market which will affect the ratio of the sellers vs buyers market bringing it closer to the buyers market side…

And this is where the problem will come in, because of the herd mentality, and we've already seen it with silver and gold as well as the stock market, do you really think the Tesla stock price right now is accurate?

Homelessness is going to get crazy, and I know some of you think “well it’s their own fault!” But that’s not entirely true, a lot of the people being evicted are good hard working people, who have been made unemployed through no fault of their own - it’s not their fault.

A Capital gains tax cut, will make house prices go up even higher into a bubble, meaning the fall will be much greater

The benefits of big city living is culture, entertainment & availability of well, everything!

Remote working is now the norm, and will be quite normal in the near future, so people can live anywhere now

As wealthy people flee bigger cities… the crime is only going to get worse, as property values fall, that means property taxes will also fall, meaning the City will collect less taxes. Less taxes means less Police officers…

The poor cities will get poorer, it’s a self fulfilling negative spiral. When people leave, so do the tax revenues - which means education funding declines, which means a lower quality of education… etc. SD example, people move in, pay taxes, have kids, better education, better job/income, trend moves upwards, so house values move upwards too!

I do think people will come back to the Cities, but not Cities like NY for long time

JOBS:
The money is still around, but it’s going to the 0.1% - it’s being drained from the lower and middle class! Big companies are firing people in order to increase the profitability of companies share prices

Follow the money, no follow the jobs! Simple jobs are declining due to robotics and tech. Complex jobs such as software engineers are increasing as technology increases

Manufacturing jobs are being lost, not to China, but to robots

RETAIL:
Retail is imploding. It’s no secret that I just sold my retail business for below market value, because I do not want to be running it over the next few years, no way...

Normal people aren’t thinking about sushi or going out for gourmet Burger right now, they’re thinking about how they will pay for their rent or mortgage payment ... retail will die!

Wall St doesn’t care about the problems going on, Hurricane, Wild fires, violence on the streets, riots, looting. What they care about is cutting as many jobs as possible to increase profitability and share price.

Don’t listen to the news media, instead use your own eyes, look at the local businesses, that will give you the best indication of what’s really going on

DISCLAIMER
This video is for entertainment purposes ONLY.
I am not a financial advisor or attorney. These videos shall not be construed as tax, legal or financial advice and may be outdated or inaccurate; all decisions made as a result of viewing are yours alone.

Видео WARNING! The Financial Crisis Is Almost Here... канала Neil McCoy-Ward