The Great Reset is Here | Bottom Line Report [E.6]

complete political and economic disarray

we need to break all of what's going on

down in a reasonable and rational way

right now first things first the auto

strike that's going on with the UAW has

just led to one of the hottest car

auctions quite a while one of the

reasons for that is dealers believe that

they need to stock up on vehicles so

they don't run into inventory shortages

and therefore end up with net fewer

sales car dealers are now overpaying for

vehicles from Ford stilantis and GM

Wranglers Broncos pickup trucks you name

it just to have enough of these vehicles

because there's an anticipation that as

these strikes go on buyers are going out

okay now I better buy my car now before

prices go up because of the strikes

dealers are like well I better go buy

now and stock up so I'm ready for those

buyers and Fort solantis and GM are kind

of like uh maybe we're making progress

Ford at least seems to be the one making

the most progress address their stock up

1.89 they're actually getting a lot of

social clout for this a lot of folks

saying Ford is actually trying to look

out for the worker finally even though

they maybe haven't been finally they're

being reasonable with their negotiations

at least that's the way this is being

talked about in social media whereas

maryborough the CEO of GM and to some

extent solantis are being chastised for

still being corporate versus a worker

that's really what this is coming down

to despite the fact that obviously costs

that these companies have skyrocketed

and the transition to electric vehicles

is being chastised by uh you know well

politicians specifically those on the

right I mean we're gonna we're gonna go

through this in a moment as well but we

just had Nikki Haley the former governor

of South Carolina absolutely destroy the

plan to incentivize a transition to

electric vehicles in her Freedom plan

we'll go through that a little later

point is a lot of drama around all of

this and what's the bottom line the

bottom line is in the short term the

longer the these strikes go on the more

you can actually expect short-term

vehicle price inflation unfortunately

that vehicle and price inflation is

going to affect consumer prices consumer

prices are usually weighed with about a

4.8 to 5 weight on new and used car

prices problem with that is what ends up

happening when those go up we end up

potentially getting hotter CPI reports

which then circles right back to the

Federal Reserve saying see we still have

work to do on this inflation fight I

guess we'll have to stay higher for

longer and quite frankly that's exactly

what we're told once again yesterday

when we finally started getting fed

speak one member of the FED said hey you

know what not only are we gonna have to

stay higher for longer but still open to

one more rate hike then you had another

member of the FED come out yesterday and

say you know what maybe uh

need a few more rate hikes

plural yeah hikes rhymes with yikes and

that's exactly what the stock market

pulled off yesterday was the yikes see

remember how there was so much

enthusiasm for the artificial

intelligence Revolution how it's going

to explode GDP everywhere and don't get

me wrong I'm a big fan of what AI is

doing for chips it is actually breathing

life into the chips industry because

there wasn't much life beforehand okay

like things were still pretty crappy and

you were definitely in a chips recession

AI breathed life into the chip sector

but it also propped up a lot of software

and service companies and it's

questionable as to whether or not these

software service companies SAS companies

are actually going to generate revenues

now you have a double-edged sword the

stock market and financial conditions

have rallied in such a way that the

fed's like oh we have to do more to get

inflation down this is insane the

economy is too hot GDP is too hot and it

may have risen up on this idea that AI

is about to make everything much more

productive and GDP is going to explode

and inflation's gonna happen even though

technically inflation or this Innovation

should be disinflationary that's been

the case it's been this idea that well

the economy is so strong let's hike more

but if the economy just got propped up

on fugazi magic of AI software sales

that aren't going to come well that's

going to go away and then when that goes

away and the fed's like yeah we've hiked

a lot because GDP is so strong we're so

good well then all of a sudden then you

go wait a minute now we're severely

damaging the realest State Market oh no

it appears we're going to have to suffer

even more damage in the economy and now

all of a sudden you've got a financial

crisis on your hands

let's break down how this could play out

and what indicators are actually

suggesting things could be getting worse

before they get better right after a

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it every single day oh boy alarms are

going off yes this is unfortunately

bearish and we're gonna have to be clear

about this bearishness and how this will

all end up connecting with the real

estate market stock market and this AI

Revolution that maybe isn't or wasn't so

yeah if markets are expecting the AI

Revolution is going to create such a GDP

boost and therefore inflation

expectations rise and the FED gets

aggressive but then the GDP boost

doesn't come what happens we end up

suffering higher rates unnecessarily for

longer we're going to talk about this

warning Bell in a moment but consider

this for a moment the FED is convinced

they need to stay potentially as high as

having five percent interest rates

through the election next year that's

wild

through the election everybody has been

pretty much of the belief at least a lot

of people have been that rate cuts are

going to conveniently start right before

the election maybe that'll be true but

if we're at a recession going into the

election I don't think Joe Biden's going

to make it and I'm not talking about his

health I'm Legit talking about the

economy here uh the economy is how

people vote people vote based on the

sentiment of their pocketbook and

everything is so much substantially more

expensive today

even if inflation is deemed to be low if

the fed's still at five percent we've

got some serious problems but what about

these alarm Bells going off and could it

end up damaging the stock market more

well unfortunately yes this is a report

from Bloomberg intelligence and what

they argue is that the Russell 2000

Index of small caps has confirmed a

bearish trend after breaking below

important support levels now the small

caps breaking this trend is a broad

Market warning sign small caps are

usually deemed to be the most sensitive

to a recession and even though

economists have sort of removed this

idea that we're definitely going to have

a recession from forecasts which on one

hand seems good it's also another reason

the feds like hey we'll just stay higher

for longer but the problem is if that's

set up on fugazi GDP expectations

because of AI that isn't then the first

thing that sells off are small caps your

more risky stocks your speculative

stocks your stocks that started memeing

in the summer those are the ones that

sell off first your red fins your open

doors some of these other smaller

companies the matterports whatever all

the specs small ones that you don't want

to be in going into a recession sell off

first that's exactly what started

happening and that's exactly the support

we just broke right here now we could

end up getting something like we got at

uh you know around the banking crisis

which where we had this sort of zigzag

below the moving average entirely

possible led to the rally that we saw in

the summer or it could set up for

something worse in a larger broader

Market to climb see history shows that

extreme moves lower for small caps is

often a precursor for more challenges as

the ratio between the Russell 2000 and

Russell 1000 hovered near a 22-year low

an analysis of similar past occurrences

by sentiment Trader

found there were not a lot of reasons to

expect imminent or sustained positivity

and turnaround

the analysis looked at times this ratio

fell to its lowest in at least a decade

and it did so for the first time in at

least 30 sessions over the next three

months the total return on small caps

exceeded large caps only three out of

the last 15 times and those were just

barely in other words this signal

certainly doesn't signal small cap out

performance and when you don't signal

small cap out performance you generally

signal the Market's pricing in more fear

markets pricing and more fear because

higher for longer is actually likely to

cause severe damage I believe a lot of

the Bears are actually correct when they

say inflation for now is gone

but it's going to lead to so much pain

that markets could actually rotate

substantially lower we don't want that

nobody wants that we want to be able to

be bullish and look through the pain and

and dollar cost average and make it but

the thing Network could really cause

problems is a real estate market so this

weekend what am I doing I'm going open

housing baby because that's what you

should be doing as well you go to the

markets I am getting on a plane right

after I finish this video I'm getting on

a plane and I'm flying to my market I'm

flying to my market well one of my

markets uh for the next two days to

study every single open house and

interview every single agent that I can

because I don't care about the data and

what the comp said from June sales in

June most areas of the country in July

are the highest of the entire year okay

bottom Jan one it's basically been

straight up into June July essentially

straight up it's because as inflation's

been coming down people are like great

inflation's coming down rates will come

down soon enough I'll buy a home

speculating that I'll only have the

seven percent mortgage for a few months

and jpal cut oh crap that few months is

now going to turn into maybe a few years

that's going to create more pressure

from the real on the real estate market

and it wakes up buyers to the idea that

dang you know why don't I just wait a

couple years I don't know and so that's

what we're starting to see happen real

estate is hitting a wall

and you don't even have to want to wait

for the data to see that if you wait for

sold data you're way behind if you're

one of the people leaving the comments

going but Cavett inventory is still so

low it does not matter what inventory is

what matters is the ratio of homes to

buyers that's called your month's Supply

indicator and right now most indicators

still haven't updated through the end of

August okay you've got lagging data but

what you should be doing is looking in

your Market looking at those new

listings that are hitting the market and

going

oh that's price thirty thousand dollars

below the comps let me uh let me do uh

something hard pick up the phone

hey uh listing agent I saw you just

listed a place at you know one two three

mainstream just wondering did you get

any offers you know I've got somebody

looking at it I'm a broker

no no you know uh we just listed it

haven't gotten any offers yet okay in

the real estate Community that's a sign

of please bring me a lower offer like

clearly we're not that hot otherwise we

would have already had offers hot deals

get offers right away you need to

understand this I understand this I run

a real estate startup this this is this

is what started my career is Real Estate

by the way I uh the company that's doing

our fundraise they told us that uh they

believe we just broke the 48-hour record

for fundraising out of every single

startup they've ever fundraised with

before via regulation a fundraise that's

crazy

because they've got like hundreds

hundreds or thousands I can never

remember but they've got lots of clients

and they're pretty well known in the

fundraise community and that's really

cool so seriously like shout out to

everybody in the community who's going

to househack.com you're reading the

offering circular you're watching the

videos on my house hack playlist so you

really understand what we're doing and

uh realize we we have no fees either for

you to invest you can invest ACH this is

just Bank connection you can invest with

a credit card if you want to get points

uh you could wire US money doesn't

matter it's obviously cheapest for the

company if you wire or achs money but we

just want to make it easy for you to be

a part of this we think we're going to

knock on wood I can't make any

guarantees and be careful with what I

say okay there's risk when you invest

but we think we're gonna make so much

money with this money with this company

that it doesn't matter uh you know a

little bit of fees that we can cover to

have you be with us which is great so uh

again read the prospectus there's risk

to any investment I have to be careful

with what you say so uh okay good

listen

we're this we've said it since January

1. the volatile Nike Swoosh

is what I believe we have not actually

gotten a volatile Nike switch we've

gotten a straight Nike Swoosh we need

the volatility Okay the reason we didn't

get a volatile Nike Swoosh is because

when we had the banking crisis

everybody's like this is going to lead

the fact to Cut Rate sooner nope clown

mode didn't happen and then it's like

well then we get the AI boom that's

going to lead to so much more in

earnings right I'm like maybe for chip

companies but not SAS companies oh well

that's disappointing then sell off

sell-off sell-off so we're getting the

volatility okay that volatility still

going to leave the FED to be more

aggressive that's going to hurt real

estate this November December buckle up

they're going to be so many deals I I'm

convinced that's why I'm going to spend

the entire weekend uh making sure I'm

studying uh this uh one market that I'm

flying to and the next week I'll be

flying to some other markets schedule of

releases for the CPI report Market

calendar for October 12th if you have

not yet marked your calendar make sure

you mark your calendar for October 12th

for the CPI release uh then we want to

Mark our calendar for the jobs report as

well that's going to come out a little

bit earlier in October uh let's see here

schedule of releases so you're marking

your calendar for October 12th CPI

that's really important mark your

calendar for November 1st for the

Federal Reserve Open Market Committee

next jobs report is going to come out

not on the first of the month but

instead on October 6th and then mark

your calendar for next Friday as well

that's the 29th I think is the 29th yeah

it's the 29th next Friday mark your

calendar for next Friday reason for that

is next Friday we are raising the price

on the new burst Pro crash course resale

79 bucks you're gonna get an insane

amount of value on this those courses I

expect will be worth 150 to 250 dollars

once they actually launch and we

actually get content in we get them

fully marketed right now if you buy them

for 79 bucks you're locking in a price

at 79 and you will get all of the

content in those crash courses which is

a pretty good deal

uh and I wanted to let you know about

this we programmed something in on the

website this is important for you to

know if you're interested in these when

you go to meet kevin.com watch this okay

these are the numbers Pro crash courses

if you select two or more you get an

increasing discount on everything look

select two 10 discount right look at

this you select another it goes to 12 on

the entire order right and it can't kind

of keeps going see now you're at 16 it's

kind of cool we programmed this in we

think it's pretty cool uh but yeah each

of these 79 right now they're on

pre-sale so there's no content yet but

we expect they will go up well they will

go up not only next Friday uh but once

the content actually comes out which

will come out over probably the next 60

to 90 days we'll work these courses out

one at a time uh and then once the

course releases it'll probably be double

the price so anyway uh keep that in mind

that's next Friday's the expiration okay

so we talked bear signal we talked uh

unions you know what's Wild which has

happened in California Gavin Newsom his

entire State Legislature just voted 69-4

and 36 to two that's a big pass okay

it's like mostly Democrats anyway it's

like 77 Democrats okay but anyway

they just voted to require trucks in

autonomous trucks wait to require

drivers in autonomous trucks get it if

you have a full self-driving Tesla semi

truck there has to be a driver in it is

what they're saying

Gavin Newsom just vetoed that a slap in

the face to the Teamsters Union it's

like

what

you're a Democrat you're supposed to be

bowing down to the unions and he's not

people are saying the reason for this is

he's trying to come across as appealing

to people who are not all in on unions

but instead people who see the future

coming that there will be driverless

vehicles in the future and if the laws

are safe around those self-driving

Vehicles then it's okay to have

self-driving trucks this is incorrect

this is crazy because truckers hate

Newsome he's made it so hard with not

only diesel prices but with regulations

for truckers it's almost impossible to

be a smaller trucking business in

California it's insane like my heart

goes out to the truckers

but we also know that in the future it's

all just gonna be robots driving all

this stuff but you know the next nice

thing you could do is make it easier in

the meantime until we get to that point

it was very interesting now Ford

obviously got applauded for getting

closer to a deal uh with uh with our

friends uh over at the United Auto

Workers Union uh and then the other

things that we've got going on there's a

lot uh we've got um santis

the scientists and

people were basically waiting for him to

drop out and this is uh this is somewhat

uh painful for DeSantis but take a look

at this here's a piece entitled and

political called waiting for him to draw

a drop out DeSantis influence nosedives

and they did interviews with both people

who wanted to be named and not named and

it could all be rigged you know it could

all be uh you know the the media just

doesn't want to say antis so they're

trying to get rid of them who knows but

look at some of the things that they're

saying they're suggesting that college

boards

with DeSantis appointees are rejecting

job candidates with ties to the

government basically people who are

associated with the governor they're not

getting hired right now wild uh not only

that but listen to this interviews with

nearly two dozen lobbyist political

content consultants and lawmakers

revealed that DeSantis struggles as a

presidential candidate have already

eroded his influence in Florida and

there's a widespread expectation as

candidacy will end in Failure now it's

just a matter of time and what they're

doing is people are blaming as hard as

hardballing nature against Disney

potentially which is wild because a lot

of people are like oh go won't go broke

like screw Disney right but then when he

ended up wielding the governorship as a

hammer they say they say that people

then start wondering if they themselves

are the nails in other words when you go

too aggressive people start getting

concerned wait a minute like I could be

your target next and DeSantis has

actually done some pretty crazy things

like powerful things in terms of getting

the legislature at Florida to basically

be what's known as his conveyor belt

like they'll do whatever he wants and

pass whatever he wants now all of a

sudden you've got the legislature that's

actually like yeah no that's not us

anymore we're not we're not interested

in this in fact now there's talk that

the sentiment against DeSantis has

turned into a slow moving coup an

overthrow of DeSantis and this comes at

the same time as people like you know

Kenny G over at Citadel oh boy I gotta

talk about Kenny G and say that though

but anyway Kenny G and Citadel

uh you know while Kenny G himself he's

donated tens of millions of dollars to

both uh the scientist 2018 and his 2022

campaign

now not anymore

nope not interested anymore instead

Kenny G is like

a little uncertain that DeSantis

policies have maybe gone a little too

far and maybe he's not the right guy fit

for the presidential jaw you want to

know something else though about Kenny G

and Citadel this is a pisser you ready

for this

Citadel was actually inappropriately

marking long trades as short

sorry I got that backwards they were

inappropriately marking short sales as

long which basically made it seem like

they weren't as short as they actually

were maybe this is why there's been so

much of this naked shorting and failed

to deliver it's going on maybe Wall

Street bets is actually right that the

suits have been trying to screw retail

and the SEC just fine Citadel for

literally lying about how they were

marking trades as long instead of short

okay so what they get fined probably got

a master find right well consider this

last year Citadel made 16 billion

dollars

16 billies it's a lot of money let's

assume you made 75 000 okay let's

compare this how much do you think it

would be fair for you to get fined

making seventy five thousand dollars if

you got slapped in the face by the SEC

for fraud and deceit

probably 10 grand 20 grand maybe a

little bit of jail time

how about 32 dollars

that's the income equivalent that

Citadel get fined 32.75

000 also known as seven million dollars

on 16 billion dollars

yup reach keeps getting richer in this

country it's crazy absolutely crazy and

that's why legitimately I I try and

people are like oh but Kevin yeah man

like I built this channel

on helping people

build assets on getting into real estate

on building your income on having the

motivation to go for the promotion to

get your license to get a better job to

get educated to go make money in this

capitalist world so you can invest in

real estate and start whatever

that's what I built this channel on

and I wholeheartedly believe that if you

don't do that you're going to get left

behind every single person watching this

should be thinking themselves what's

next in my career what's next in making

sure I get some more passive income

what's next in getting another side

hustle going I don't care if you're 50

if you're 60 or 70 you could get a side

hustle too

you want to know one of my favorites

right now it's it's a little tougher uh

but uh it's actually not very difficult

and you can do it pretty fast so you

know back in the day we used to talk

about having the big matterport scanning

cameras forget the big one okay what

you're gonna do is you're gonna go to

metcaven.com 3D yeah that set of paid

affiliate link but anyway you go to

metcavit.com 3D you get that camera on a

monopod then you're gonna get your

iPhone I think it I don't know if it

works on Android look that it works on

Android first you're going to download

the matterport capture app you could

literally scan an entire house with a 3D

tour 15 minutes easy 15 minutes give

yourself 30 minutes to turn the lights

on and make everything look nice at

first put a little more Karen you're

good what you're going to do is you're

going to go to contractors Realtors

property managers insurance agents uh

you know handy folk I don't care anyone

who deals with properties retail who has

a store go to every single Airbnb owner

I don't care what you got to do what

you're going to do is you're gonna say

I'd like to offer you a free virtual

tour

it's gonna take you 30 minutes you do

the first one for free

30 minutes the next one

You're Gonna Go 99 bucks

now all of a sudden 99 bucks for 30

minutes worth of work with drive time

call in an hour 100 bucks for an hour

worth of work and it's literally pushing

a button and moving a monopod around

come on folks you can do this

anyway so let me know if you'd like a

more detailed video on on some aspects

of that I'm happy to do that so uh

government's Now setting up for a big

old shutdown as well things are getting

worse with McCarthy we're basically

setting up for that shutdown now uh

that's probably going to have the impact

on federal employees once again going

without pay

the problem with this is people like oh

well they'll get caught up in Pay yeah

legally they're required to get caught

up in Pay unless you're like a military

contractor but the problem is

when when the government fails it's

basic duty of providing people pay

providing people uh a budget for the

country not only do national parks and

museums close but the TSA workers

working at the airport they can't work

for free so if they skip payday they're

gonna have to go get another side hustle

job or something just to be able to pay

their bills they can't just tell their

landlord I'll catch you next time

because they're all you know on

basically they're working without pay so

people out of force end up not showing

up at work and this ends up causing

problems because now you halt Federal

inspections for chemicals and drinking

water you uh you potentially slow the

issuance of new Medicare cards or uh you

know you're still supposed to get your

Social Security checks and your Medicaid

Medicare checks but there's concern that

poor families aren't going to get the

food Aid that they're used to getting

which averages somewhere around 56

dollars a month I know a lot of people

are like food aid for the poor they

should go work bro it's 56 freaking

dollars a month for these people

us to try to help have some more food on

the table to survive

huh crazy

usage of food banks by the way right now

is at all-time highs it is it is very

tough out there uh it is a tough time

it's the inflation has made it very

difficult uh for for people just to be

able to go grocery shopping remember

Hershey's last year this was insane

Hershey's last year told us what did

they tell us not what's on screen

because that's my next topic Hershey's

last year told us

our sales are going up because gas

station sales are going up and people

like wait

why are gas station sales going up you

want to know why gas station sales were

going on

it brings tears to my eyes

gas station sales were going up

for Hershey's candy bars because people

are so freaking miserable going to pump

their gas

that they have to go twice to fully fill

up their tank

they only fill up their tank halfway

because they can't afford filling it up

all the way but to try to make

themselves feel a little bit better they

get a chocolate bar

and Hershey's is like wow our sales are

going up because people are miserable

and they need some happiness in their

life how do you think that's going to

turn out in the election

yeah it's bad

huh oil super cycle is here says JP

Morgan we could be in super cycle four

upside risk to oil is 150 in the medium

terms probably going to be at least 100.

reasons for this well first of all their

call options on oil I don't know I'm

being jaded I don't know if they have

call options but here are the reasons

they give they say that higher for

longer rates limits investment into oil

rigs so you're actually drilling less

because rates are so high you're better

off just parking your money in cash

see higher cost of equity higher break

evens blah blah blah blah

also people have been talking about this

fear that we're a peak oil and so the

oil companies are investing less into

plants and Wells and pumps and drilling

because they're like well if we're at

peak oil let's just use what we have

yeah that's JP Morgan on the super cycle

for you

oh man I really

I'll let you know what I see this

weekend but

so far every single agent I'm talking to

they're like I don't know man there's

some problems coming to the market and

that's gonna lead to opportunities but

listen to this I've got agents coming up

to me like Kevin

I was I thought I was gonna be excited

I've got a Million Dollar Listing

usually it's like Million Dollar

Listings it's like hell yeah it's like

the TV show like let's go your Million

Dollar Listing okay just give me two

million dollars whatever right

but everybody else in the industry is

like yeah line up and pull your ticket

take your free multi-million dollar

listing none of them are selling anyway

look at the markets not high-end smack I

don't buy in the high end anyway I don't

do that I I like to buy middle of the

road stuff not the super cheap stuff

where I need a gun to collect rent

sorry I also don't do the super fancy

stuff where I got the bougies

yeah I like I like normal Americans I

gotta go sit down and have a beer with

after a long day of work

I understand people like

we're Kevin have you had long days work

oh yeah I have not I mean I still do

today it's different you know it used to

be restaurant work and customer service

and swinging a hammer and construction

and crawling around at attics sweating

my butt off getting fiberglass in my

butt too that sucked

now I just sit in a secret lab chair all

day long

well I also go out for Real Estate but

anyway

uh homeowners insurance Market

freaking out people are uh losing it

over the cost of homeowners insurance

partly because you've had so many

natural disasters like what we've seen

in Hawaii California and Texas

economists The Economist is now arguing

that government subsidies of a

homeowner's insurance over the last

decade have caused people to live in

high risk areas who really should have

moved so basically you've distorted the

normal economic flow of people once

again because of government subsidies

was not a surprise because that's what

the government essentially does it

screws things up so

parts of America are becoming

uninsurable blame growth in hazardous

areas climate change and bad policies

basically go through how it would be

cheaper just to live in areas less prone

to storms wind or fire yet for decades

distortions and federal and state

insurance markets have suppressed rates

population of Florida which suffers more

hurricanes than other any other state

grew more than twice as fast as it did

between 2000 and 2020 uh in 2020 over

the last 20 years basically Americans

are moving to riskier places well

Florida like living in the beach living

in the beach area in Florida is pretty

nice uh Noah's premium oh no

you know the weather's great in SoCal

the beach is gorgeous in Southern

Florida uh Texas the food's good but

anyway it's not just extreme uh weather

to blame you've also got more property

claims and more lawsuits in some of

these areas look at this in 2021 Florida

accounted for seven percent of America's

property claims but 76 percent of the

lawsuits you know why

older people like going to Florida and

you know what older people have a lot of

time

this is what people say you mess you

mess with a younger person they might

punch you in the face and they'll get

over and walk away

you mess with an older person they will

make their jobs to finish business

I mean like more power and I were like I

don't think an older person should get

screwed much like I don't think a

younger I don't think anybody should get

screwed but it's something to know like

I don't know if that's factual okay I am

a pining on this I have to be really

careful I've got lots of licenses here

okay when I say a fact it needs to be

backed by evidence

like when I put sources in my video

descriptions or whatever I have to be

able to point to it so that what finra

or the SEC or the FDIC or whatever

license I go for in the future because

it's like where'd you get that data from

I actually have to have a way to support

it I mean honestly I think that's how

all of YouTube should be because people

say some crazy stuff and they just

sometimes straight up lying and I'm like

man I want to call this out so badly but

I I'm not I don't know I don't know I

don't know if we want to keep playing

that game uh

I got an apple video coming out so make

sure to stay tuned for the Apple iPhone

video

the Nikki Haley plan I'm going to give

you a quick summary on this oh yeah and

then Bloomberg Intelligence on the

housing crisis but we've talked enough

about the housing crisis Nikki Haley's

economic freedom plan is actually

honestly a very well written plan I read

through all of it she talks about how

China is an existential threat they're

basically planning for war and we need

to make sure to go out of our way

to prepare ourselves by being much more

capable by investing in America and

staying ahead because Freedom wins not

communism or socialism

and then she goes as far as calling Joe

Biden basically socialism which a lot of

people going like come on Kevin he is

and then a lot of other people going

come on Kevin it's not that bad whatever

talks about inflation credit card debt

being up 20 price of used cars up 30

half of America can't afford diapers

American Family 60 of Americans were

living paycheck to paycheck these are

facts are true but they've been true

under Republican administrations as well

42 million people on food stamps 100

million people on Medicaid because they

can't afford pay I mean sucks Biden is

throwing out our tax dollars at

corporate welfare now taxpayer bailouts

inflation reduction act I mean honestly

the inflation reduction Act is giving

massive subsidies to in Phase Tesla

companies that probably don't need these

subsidies but it's all part of sort of

going green uh as an investor in both

end phase and Tesla it's very hard for

me to like in a non-biased way say yeah

get rid of those subsidies because quite

frankly I'm like I love these subsidies

don't take them away but realistically

like taking my bias out of it you

probably don't need these subsidies in

the EV or uh solar space because they

make sense even without the uh subsidies

the subsidies just make it more of a

no-brainer

yeah yeah so I I kind of agree here like

actually I'm surprised a lot of the

Republican messages I think they're

going to make it really hard for people

not to vote in a republican this next

time even the a lot a lot of Democrats

are like well I mean look at this in

Nikki Haley's plan completely eliminate

the federal gas and Diesel tax that's 18

cents per gallon of savings on average

and gas 24 cents on uh per gallon on

diesel if you're in California that's

more like a dollar

but that's the because the state adds so

many taxes killing the gas tax average

American taxpayer should have lower tax

rate especially middle classes uh the

middle class Americans she basically

argues that the middle class is getting

deleted by socialism and that the middle

class is screwed it's going to disappear

you'll have the rich and the poor

honestly even before she said this I

kind of thought we were going in that

direction anyway because the way

capitalism is set up right now outside

of politics really rewards the rich and

punishes the poor

and uh

yes jumping on that argument

to argue that government policies can

make that worse I mean that's debatable

but possibly has some Merit anyway this

is similar over plan imagine if

Washington supported American Energy

instead of stifling it this is basically

drill baby drill pretty much every

Republican saying this right now Trump's

saying that vivek's saying this

everybody's saying Joe baby drill Joe

Biden thinks he's protecting you from

yourself instead I trust you I believe

in you a citizen of the United States as

the most inspiring and impressive person

in the world Nikki that's so nice of

course this is political you know jargon

uh like the extent of which that some of

this stuff matters so that's why I'm

kind of running through it and giving

you the the short scoop of it because it

was a very long thing it was like it's

good it's a good read it hits a lot of

the right talking points right now but

uh look folks

times are tough

they're the toughness

could stay

I expect the volatile Nike Swoosh I am

not buying so I just bought the dip

yesterday I'm not buying stocks right

now thinking oh my actively managed gtf

is gonna have the best uh returns in the

world I I mean you could obviously look

at the return so far I I don't want to

talk about the returns because you start

talking about returns you get in trouble

um

but I I do believe wholeheartedly that

uh the Investments at least let me put

it this way I'll talk personally where

my money is going I wholeheartedly

believe will be substantially rewarded

uh in the next

two to certainly 10 years

uh and I think that is a proper

diversification through real estate and

stocks I highly believe that you should

be Diversified to real estate in some

regard and a lot of people right now

they can't buy real estate and I think

that's why you know our the company

we're working with on our fundraiser is

like oh my gosh this startup is getting

a like some of the greatest fundraising

we've seen ever in its first just 48

Hours okay we just launched Wednesday

night and it's it's it's been way better

than expected in the first 48 Hours you

know we're coming up on 72 hours by the

time this video will be posted go to

househack.com obviously read more but my

belief not as personalized Financial

advice we do give Financial advice we go

to stackhack.com we give Financial

advice I've got like 50 videos to film

next week on people's situations I've

been working with the team on your

situations I'm like wow this is some

impressive situations but there are

definitely places we can help you that's

the point that's why we do license

Financial advice

stackhack.com for licensed Financial

advice but as not personalized Financial

advice

you should be asking yourself how am I

going to diversify to real estate over

the next two years and for a lot of us

it's not going to be putting three and a

half percent down on a house at eight

percent

it might legitimately be considering a

real estate startup that could do it for

you and keep in mind this is a real

estate company

this is not a fun I get messages they're

like oh so what are the the AUM fees and

you know what on on your assets under

management like there are no AUM fees

you're investing in a company it's not a

fund we're investing in a company a plan

a vision

and a great valuation too so anyway look

have a wonderful weekend everybody I

gotta go hop on a plane uh my plane

takes off in 28 minutes

so I gotta go

thanks so much and we'll see you soon

bye advertise these things that you told

us here I feel like nobody else knows

about this we'll try a little

advertising and see how it goes

congratulations man you have done so

much people love you people looked up to

you Kevin path right there financial

analyst and YouTuber meet Kevin always

great to get your take