Summary of Very Few Are READY For What's Coming!!! (PLEASE PREPARE)

00:00:00 - 00:20:00

The video warns viewers of the fragility of the banking sector and the possibility of a second wave of bank collapses. The speaker urges people to be cautious of financial advisors and to gain an understanding of basic financial concepts. The negative outlook for commercial real estate, Biden's proposed spending, the increase in retirement age in the Czech Republic, Bulgaria's refusal to send weapons to Ukraine, and the EU's new vehicle emissions deal are also discussed. The speaker highlights an independent report claiming that sanctions against Russia for their energy have not worked as expected. Additionally, the speaker questions the accuracy of ESG ratings that companies pay up to $500,000 for. The video encourages viewers to stay informed and plan ahead during these uncertain times.

• 00:00:00 In this section, the speaker discusses the possibility of a second wave of bank collapses due to people withdrawing their money and transferring it to other investment vehicles like money market accounts where they can get better returns with less risk. This results in banks having to sell their treasury bonds and fixed-term assets at a loss, which could spell trouble for financial institutions like Charles Schwab. The speaker also highlights Japan's looming financial crisis as the country currently holds the largest amount of US treasuries in the world, and as domestic money in Japan starts to leave the country, it could lead to similar problems faced by the US.
• 00:05:00 In this section, the speaker discusses the fragility of the banking sector, citing the FDIC's request for the big banks to reimburse them for the small banks going bankrupt. The FDIC wants $128 billion dollars, but the speaker questions this since the FDIC claims to have trillions of dollars in its fund. The media is not focused on the banking collapse and is instead blaming social media for the problems. The speaker encourages people to be wary of financial advisors who are often clueless and to take a finance course to gain an understanding of basic financial concepts.
• 00:10:00 In this section of the video, the speaker discusses the importance of knowing how to invest and allocate funds, as it can save individuals a fortune in fees and prevent them from losing money. The speaker also discusses the negative outlook for commercial real estate due to many individuals still working from home and the possibility of mass fatalities in the upcoming fourth turning cycle. Additionally, the speaker mentions France's deal with China to bypass the US dollar in trade, indicating the continuous decline of the US dollar in global trade at a faster rate than expected. The speaker encourages viewers to stay informed and plan accordingly to get ahead of the game during these uncertain times.
• 00:15:00 In this section, the speaker discusses various news stories, including Australians suing their employers for stolen pension money, Biden's pledge to spend $690 million in taxpayer money to bolster democracy programs around the world, and his proposed crackdown on air conditioners as part of the war on American appliances. The speaker also mentions the Czech government's proposal to raise the retirement age by four years, Bulgaria's refusal to send weapons to Ukraine, and the EU's new deal that no vehicles will be allowed to produce emissions after 2035. Lastly, the speaker highlights an independent report claiming that sanctions against Russia for their energy have not worked, despite Western reports stating otherwise.
• 00:20:00 In this section, the speaker discusses how the sanctions on Russia's energy supply did not work as planned, with Russia still having enough energy to continue military operations despite the supposed crippling of their military within six months of the sanctions. The speaker also provides a chart revealing the price of electricity and gas in various countries, showing that Ukraine has the cheapest energy, making the speaker wonder if there is a correlation between the cheap energy and ongoing military operations. The discussion then shifts to ESG (Environmental, Social and Governance) ratings, which companies are reportedly paying up to $500,000 for, but the ratings are not believed to be accurate by almost a third of the 104 companies surveyed. The speaker then briefly discusses their social media presence and thanks those who have joined their private community and taken their finance and stock market courses.