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Is Now The Time To Invest In Real Estate?
Housing Market Updates, Shopping Centers Are Starting To Look Like Ghost Towns, 98 Banks Are At Risk For Bank Runs, And Price Controls May Be Coming... And It's Not Good...
The Daily Ninja 8/19/24
Updates From The Economic Ninja
(8/18/2024)
๐ The transformation of once-thriving outlet centers into ghost towns is astonishing and alarming.
๐ธ Dollar Tree's struggle highlights a troubling trend: "Currency is always being debased and destroyed, making it harder to find items for a dollar."
๐ฌ "As of May 2024, retailers have announced plans to close almost 3,200 US stores, marking a 24% increase from the previous year."
๐ช A staggering 24% increase in business closures signals a significant shift in the retail landscape that cannot be ignored.
๐ "Bass Pro is now laying off a bunch of people in its Marine Division why people don't have money for boats."
๐ "This place used to command so much higher rent that big chains would come in here and rent."
๐ "Our economy is actually cratering way worse than the Great Recession, way worse than the great financial crisis."
๐ "The consumer is tapped and the food is too expensive regardless of what the government tells you โ it's bad and it's getting worse."
(8/18/2024)
๐จ "94 banks are now at serious risk of bank runs including BNY, State Street, JP Morgan Chase, and City Bank."
๐ "A total of 94 US banks are at significant risk of experiencing bank runs by uninsured depositors if they show financial weakness."
๐ฌ "Nobody knows that everything is collapsing," reflects the eerie disconnect during financial crises, as seen in the chaos of Wall Street.
๐ฆ "100% of BNY Melon's depositors are not insured, highlighting a significant liquidity risk for customers."
๐ "It was actually the greatest banking failure since the depression because it just slightly surpassed all of 2008."
๐ "The crisis actually started here just like the housing crisis actually started in 2005; it wasn't until 2008 till everybody figured it out."
๐ฆ The alarming ratio of uninsured depositors at banks like Republic First Bank raises serious concerns about their stability.
๐ฐ "I've been telling people that it was going to be 100,000 bucks before you know it."
(8/18/2024)
๐ธ The plan for price controls is designed to entice young voters who may not understand economics or history, potentially leading to destructive consequences.
๐ Price controls have never worked throughout history, leading to potential destruction of the economy.
๐ The current leader is a career politician who has been working on destroying the world and the economy ever since he was young.
๐จ The breakdown of the supply chain could lead to extreme measures such as armed escorts for delivery trucks.
๐ป๐ช "We have seen this in Venezuela in the recent uh in recent history."
๐ The Ninja warns that the government's actions are pushing the country towards communism, with concerns about control and censorship of information.
๐จ The next financial crisis is going to be worse, and everything goes down when times get rough, including gold, silver, and treasuries.
๐ "I believe that we are going to see a famine in our country because the supply chains breaking down regardless of who gets into the presidency."
(8/17/2024)
๐ฐ A crisis is currently forming in the banking sector, highlighting the importance of being aware and prepared.
๐ฐ Money is being pulled out of banks at a rapid pace, indicating a potential banking crisis.
๐ Money market funds, on the other hand, are seeing record-high assets under management, suggesting that people are seeking alternative ways to store and grow their money.
๐ The increase in bank withdrawals during September 2019 was higher than during major events like 9/11 and the Lehman Brothers crash.
๐ฐ The only way to fight back against the government is to become wealthy and control it.
๐ "Using real-life examples like the recent stock market dip, a good teacher can demonstrate the importance of diversifying investments across different asset classes."
๐ฐ "It's like people trying to fight the FED when you're trying to fight the creator of the money. It's really hard to do that you got to become wealthy in order to fight them."
๐ฐ "You need to start investing in your future because you're going to see in the next few months things shift and they're going to shift fast."
Go out and crush it!
-Ninja Out