TELL YOUR FAMILY TO PREPARE FOR TROUBLE NOW THINGS ARE ACCELERATING - HAWAII BURNING NEED HELP NOW

absolutely unbelievable the amount of construction that is taking place out here in Desert Hot Springs California I'm at a project called skyborn they just got approved by the city to build another 468 homes out here these homes right now are starting at around 390 000 and they're going to about 450 000 and another 468 are on the way [Music] so it's a beautiful somewhat warm Saturday afternoon and I thought I'd come out here to desert hot springs and just show you what's happening here uh at this project called skyborn now they just got approved for another 468 homes now what makes this area interesting is this place came to a standstill an absolute ghost town after the 2008 crash they were selling lots in here for 10 cents on the dollar if memory uh serves me correct home starting around 390 going to 450 000 right now now when the new uh tracks get developed I don't know what those homes will be selling for but you know just like many of you I've got to be thinking uh who in the world is going to be able to afford these homes as interest rates are climbing mortgage rates are climbing qualified buyers are shrinking inflation is skyrocketing wages are going down job losses every day we just saw 248 thousand people file first time jobless claims last week who in the world is going to be buying these homes and is it going to be history repeating itself like it did back in 2008 when homes in here kid you not were selling for 50 off what they originally listed for uh back in 0.506 after the crash these homes were on the market in 2010 for 50 percent off maybe even more and they say that history repeats or history Rhymes and I'm going to tell you I think it's going to repeat here this is unbelievable to see how much building is continuing to take place during this collapsing economy and I don't know how it's all going to play out other than I think these Builders are going to get themselves into very very big trouble I think these banks are going to get themselves in a very very big trouble but they'll probably get bailed out maybe the builders will get bailed out but it's going to be the homeowner the buyer again which is going to be another repeat of what we saw that loses it all gets their credit destroyed loses their house it's happening right now but it's just another reminder of what we saw take place not that long ago back in 2008 and now it's this weird crazy cycle all over again and people are oblivious they're ignoring history they're ignoring the warning signs that are taking place right now and uh I'll tell you these builders they got guts they got guts to be doing this um but I don't know it's just to me uh just reading uh yesterday that they just got approved for 468 more homes what are people going to do for jobs out here how like I mean think about eight percent by the time they built this these homes most people could be paying 10 on a third a year who's coming to desert hot springs and paying three or four thousand dollars you have an HOA here you have utilities here you have insurance uh who's gonna be paying three to four thousand dollars a month to live in Desert Hot Springs I I don't get it and maybe even more some people may have to pay more they may have to pay four or five thousand dollars a month to live in Desert Hot Springs so comment down below let me know your thoughts just want to get out today and check this out seeing is believing ladies and gentlemen you know when you actually get out and walk around and um observe this stuff with your own two eyes it hits you a different way you really begin to question what the heck is really going on and how is this going to be sustainable and who can afford to do this and how big will the losses be that is the question the losses for the builders the banks the homeowners the cities uh this is going to let up being catastrophic so this is where I'm assuming the new homes will go on this side of the wall so they're skyborn there and to clarify this is a Lennar project not DR Horton this is Lennar and uh this is the the first phase over here and this is where the second phase or whatever phase they're on right now this is where the other 468 homes appears to be going got the wall around here so this is where the rest of the homes will be built over here so before I leave skyborn today I jot it down a few notes I was reading some articles and just some points of interest that I jotted down here while all this is going on while this lunacy is going on and while people are going to get themselves really in a very tight mess here many already have but low interest rates courtesy of the Federal Reserve balance sheet expansion made people think they could borrow more money than they really could people and businesses are going to be in very very big trouble here many already are but they've dug themselves into a very very deep hole in fact they've dug themselves into a grave and they're not going to get out we're going to see people lose it all we're going to see businesses shutter forever lose it all it's coming because they they bought in to the cheap easy money they thought was free and that would flow forever and now it is not now the price of credit increases in debt servicing uh costs are increasing and this is going to put a huge strain on literally every business across the the sector unless they have a good cash flow unless they put cash away and have Capital but too many businesses too many people depended on cheap easy money and they're going to pay the price here ladies and gentlemen borrowers including individuals businesses and governments now must direct a greater share a greater share of their Capital into servicing their debt and they're going to have to to service that now that is much higher than it was a year ago and think about how many people uh have Capital now to even service their debt they're broke they're tapping into retirements they've tapped out their their uh savings they're in very very big trouble and so we're going to see more and more problems now for some this is going to be a big deal they've been paying their bills they haven't been borrowing money they've been putting Capital with it and saving cash but for others uh who bought in and took the bait of the cheap easy fed money it's going to be a major major problem and uh you have people and businesses up to their eyeballs in debt right now and the worst time to be in debt as you and I all know is during an economic crisis they borrowed and spent money as if there was nothing to lose and there were people that would write me and and just argue with me that you need to borrow money borrow money uh they're completely wrong these are the people who borrowed money and thought that everything would continue to be okay that the FED would come rescue them the FED would never raise interest rates that we would never see an economic collapse that we'd never see uh any uh competition to the U.S dollar that the account they were believing that the economy was good two or three years ago when it wasn't I was filming video after video showing you all the empty buildings three years ago we already knew that retail was in trouble remember the term retail apocalypse that's nothing new that came out years ago so before the Health crisis there was already big trouble and yet people were saying oh no no you need to borrow money it's cheap bar take the money it's cheap take it and now they're going to find out that it wasn't so cheap that there's a big price to pay here ladies and gentlemen and the bills are coming due at the worst possible time and the people who took the bait who took the cheap easy free money and found out it wasn't free and it has to be paid back and now they're going to have to service their debt while rates are going up and business is slowing and inflation is going up this is uh going to be catastrophic for so many people businesses ladies and gentlemen I watched a quick video today Chris Cohn uh kind of a real estate Guru type guy uh he made a couple really really good points here and he said this million a million dollars in 1993 today is 2.0 uh seven million dollars so two two million seventy thousand dollars today that's what a million dollars was back in 1993. inflation in five years is probably going to devalue half of everyone's money your 401ks your iris Etc your savings it's going to devalue half your money in the next five years we talk about working harder working two three jobs that may not be enough we're coming to a time now where we have to think about working smarter not just harder working harder and smarter is probably the best combination but people are working harder and harder they're working two three even four jobs and they're barely getting ahead so people are gonna have to figure something out and most people just I don't think are gonna have the skill set or the ability to work their way out of this I don't think you know there's enough hours in the day or there's enough jobs out there for people to work to get themselves out of so you can work as hard as you want but as inflation is ravaging through the economy as the dollar buys less as prices are going up as opportunity is shrinking uh I don't know I don't have the answer I I I think I would have to go back to what I say get as many skill sets as you can I think that's working smart and having it having the ability to have different options because you have different skill sets to apply to a collapsing economy the more you know how to do the smarter you are the more skills you have the better your chance of survival the people that just know how to press a button on a computer in a cubicle all day and that's all they know how to do they're in big trouble from 2002 to 2022 salaries increased 27 percent while homes the price of a home increased 148 how in the world does the average consumer keep up with these prices average person drives a sixty thousand dollar car and has a fifty thousand dollar salary that's a problem right there too that's not working smart right you're driving a sixty thousand dollar car making fifty thousand dollars a year and you have a hundred thousand dollars in student loan debt that's where brains matter that's where you've got to start thinking smart think about if you're thinking about going to school and getting a degree that may be worthless think about it is it worth 60 80 or 100 000 to come out of college with all this debt and not have a job and this degree be completely worthless maybe invest that money in yourself learn a trade learn different skills you're gonna need them 61 of Americans living paycheck to paycheck I've seen that that number as high as seventy percent working more side hustles as I said may not be enough working harder may not be enough we have a lot of financial idiots out there that just say you know um just work harder put more money away and everything's gonna be okay have a can of beans and have some bottled water and you're gonna be okay we're heading into something ladies and gentlemen that we've never seen before and no matter how hard you work it may not be enough you've got to be completely prepared you've got to have skill sets you got to have a mental mindset you know think about what people are going through right now you've got to be preparing yourself mentally uh I don't think anybody really has an answer because we don't really know what we're going to be dealing with in the next 12 months as far as as this economy is people continue to lose jobs they're not going to be able to to to crush inflation they're not going to be able to stop lowering interest rates they're not going to be able to stop what's coming ladies and gentlemen when you print this amount of money it doesn't matter how hard you work or how smart you are pain is going to be felt so get in the mental mindset get in here's some advice today that I ca that I can that's coming to my mind survival you got to learn how to survive now it's not just working three or four jobs it's not just a a can of beans and a bottle of water it's about getting into survival mode having your security knowing how to protect yourself having bardable items having water filtration having emergency food knowing how to grow food having the ability to maybe getting out of where you're living into a smaller town a safer area you've got to get into survival mode now and I I want to touch on this last article here today Maui Inferno 80 lives lost I hear it's much much higher than that I hear it's a hundred some Reports say it might even be a thousand we're not being told the truth homes being destroyed second deadliest U.S fire think about that second deadliest U.S fire and it's in Hawaii I watched a uh interview today on on the news and in a young man was begging for donations begging for help and I I I I it drives me nuts the so-called wealthiest Nation on planet Earth sending billions upon billions of dollars overseas to Eastern Europe yet Hawaii is on fire people are dead people are starving water now is contaminated people don't have anywhere to sleep there's looting going on why in the world are we not over there right now writing a check for five billion dollars 10 billion dollars whatever why do they why are they suffering while we're sending hundreds of billions of dollars overseas this makes me absolutely sick to my stomach why is this not getting more news why are political uh our politicians not over there doing something right now why are they not over there with checks blank checks to give Hawaii what they need right now uh why is the National Guard not over there it's this is absolute Insanity uh what we're watching take place one of my very very very good friends is over right now in Hawaii's um uh in lahani I believe it's lahani he says it's done it looks like uh multiple bombs have gone off it is done he says it looks like a complete war zone they have no power no water limited food he's getting out of there he's getting to another part of the island and he's hoping to be on a plane here back on Wednesday but he's going to be there till Wednesday he says it looks unbelievable it's unrecognizable and he said he just cannot believe what is going on so while we're sending money everywhere across the world why are we not over there helping these people out right now so coming to you from Desert Hot Springs California right here the beautiful skyborn this place looked like a bomb went off on it back in 2008 when a literal Financial bomb went off here and yet here we are again repeating history repeating history history rhyming another near 500 homes gonna go up right over those walls right there and they're getting they just got approval and they're building homes in here right now the city of Desert Hot Springs I think has got three to six hundred I don't remember the number three to six hundred homes under construction right now in the city the city has been bankrupt multiple times and it got absolutely annihilated after the 2008 crash and here we go it just doesn't it you can't make this stuff up they're building all these homes and you and I all know that the economy is collapsing mortgage rates are skyrocketing there are fewer and fewer people who are going to qualify for a mortgage and what do they do they just keep Building Homes oblivious to the war warning signs ignoring reality and look I hope they sell all the homes I hope all these people have jobs I hope they can all afford three and four and five thousand dollar a month mortgages I just don't see how this is reality I don't see how it's sustainable uh when you look at the average income of this area and the prices of these homes and now uh mortgage rates at 7.41 percent and climbing so I don't know we'll see if Lennar gets stuck with a lot of homes or a lot of lots or a lot of slaps like they did last time I think I don't know if it was a Lennar here last time or if it was Dr Horton here who was last time but I do remember that that a lot of the Lots in here were sold at 10 cents on the dollar after the financial crash this whole area got absolutely devastated from new homes uh to to resales absolutely devastated the city paid a huge price here uh and now uh what's keeping Desert Hot Springs uh on life support is the is the weed business out here so it's bro it's brought in some new life but when you go to the downtown here it's completely half half the businesses are gone they're four lease empty buildings everywhere but they're building new homes at 390 to 450 000 so comment down below uh it's a beautiful Saturday I don't want to go on and rant uh this whole day but I just wanted to take a few minutes and share this with you comment down below let me know your thoughts are they going to sell all these homes are there going to be 463 or 68 buyers for these homes are they going to be paying what are they going to be paying by then nine ten percent for 30 year do you really believe that we're going back to three percent do you believe inflation is going back to two percent I don't believe any of this what I do believe is we're going to see more job losses interest rates going up mortgage rates going up car repossessions going up the cost of service debt going up everything's going up ladies and gentlemen while your paychecks go down while uh your opportunity goes down while your cost of living goes up have a great day God bless talk to all of you soon thank you

Channel: jeremiah babe

Views: 51,283

Keywords: gold, silver, gold coins, silver coins, recession, stock market collapse, financial collapse, economic collapse, housing bubble, housing crash, inflation, hyperinflation, us dollar, household debt, sd bullion, Jeremiah babe, stock market, bank closure, california exodus, leaving california, real estate market crash, walmart, buying a home, san francisco, regional banks, airbnb, brics, rv sales, ford, evictions, bank collpase, home builders, credit card debt, homeless, home sales

Id: 13HfDXCZOVM

Length: 20min 24sec (1224 seconds)

Published: Sat Aug 12 2023