We have your Insider's Report today. We're talking about a couple of things and we're trying to make this somewhat quick, but we try to go macro, try to go over a 30,000-foot view of what's going on here. But obviously, there's so much craziness going on in the world today.
I want to talk about a few things, taxes, retirement, layoffs, the dollar purchasing power and precious metal, and commodities. Right now commodities are really in this massive trough and they're going up. Nine-year cycles, every cycle shows us these indicators. I wish I had the time and the wherewithal to be able to show you those things. And we will have a little bit over time in little trinkets here and there.
But for right now, again, taxes are going to be going up no matter who wins really in the election and whatever's going on doesn't necessarily matter whether it's in the next four years. Taxes are going up as time goes on. So that was going to crush retirement, things like that. Retirements are getting crushed and pensions are leaving. Obviously. People are getting hammered there. The 401k is a pension, that's the DCs - the defined contribution and defined benefit plan. That's industrial age thinking. That's gone. So what are you going to do?
These things are going to - one of the reasons taxes are going to go up because of retirements, all the funds are broke. They're broke and taxes will go up to pay for those things because they're going to get bailed out, right? So they're going to get bailed out that means purchasing power goes down. The dollar goes down, purchasing power goes down. Very proud of what 3 or 4 trillion this year almost doubling what we've already had in existence. All these things affect each other, obviously.
Layoffs, obviously massive. We saw Disney just this week, 28,000 people that are laying off. Again, I think this analogy that we are the coyote running off the cliff after the roadrunner, and we have not looked down yet. I'm afraid of what's happening. We do our local market updates where we are talking about just the local market and how real estate is affected. But these Insider Reports see what's going on globally. I have pages upon pages of all the biggest companies in the world just announcing the layoffs. They're doing it. For some reason, people all over think that everything is just fine. The government just printed a bunch of currency, shoved into your bank account. And everyone thinks that "Oh, things are okay" Well, things are not okay. And if you pick yourself up for a second, just look around with the layoffs, it's atrocious, really. We have the foreclosures that are going to be coming in the next year or two with people not paying their rent, not paying their mortgages. And that's gonna be expiring really over the next six months. And then leading into the probably 2021 or 2022. The things that are coming there, it's absurd. It's absolutely we've seen never before in history. We have shut down economies of the world just because of sicknesses and things like that.
We're living in unprecedented times and not allowing humans to do what they do best, which is to adapt and use our intelligence to use our intuition, use the thing that separates us from animals, which is already intuition and our freedom to choose. And that's what sets us apart from all the other animals. It's that intuition. We're God's highest form of creation. Yet we can't figure out some of these things because we're not able to or for some reason, we choose not to, or governments or other entities are not allowing us to.
Time to choose
It really is a time for choosing as I believe it was Reagan who said that but really is. I think it was a '76 speech, but I think it's a time for choosing and we can either choose to keep going the way we've been going and have increased taxes, depleting retirements, mass layoffs, decreasing dollars, or continue printing because people are at work. So we're gonna start giving them more money and retirements, they're already broken. So they're going to need to be bailed out as a purchasing power goes down.
What are some of the opportunities?
Some of the opportunities here are precious metals, commodities, income-producing real estate. That's where this all leads to. What are the opportunities? There's a lot of bad stuff coming. I guarantee a lot of stuff coming. What can you do? Because all crises lead to a great opportunity and that's really the point of all this. How can we get better? What can you do? Just had a meeting with a client of mine here and we decided closing. He was talking about some of the different experiences he's had with unions, good and bad, and things like that. And just one of the things that really struck me was how so many people have been in this game of "Well, the government's got to do everything for me. What was me?" I'm just going to sit back and do nothing. That's not America. That's not Americans. That's not our mentality. That's not what made America America over the last 200 plus years.
What does the future hold for the young ones?
So we need to start getting out of our own way, getting out of our own head and starts realizing what we're doing in the life and entitled mentalities, the culture we're creating for our children, our grandchildren. That's what's absolutely insane. So we just had our third child and in the last week and a half. All I could think about is what kind of future are we giving them? What kind of future where there is no personal responsibility, there is no accountability for anything? The government's got to do this one. The government's got to do that for me. I mean, it was ironically the Democrat John F. Kennedy who said, "Ask not what your country can do for you, ask what you could do for your country." And now we're exactly the opposite of that.
So let's figure it out. Let's start getting accountable, start being responsible because that's what leads to freedom. That's what leads to prosperity. And that's what leads to you being able to do what you want with your life and utilizing the constitution to then go do what you want. Go live, rewind, go act how you want, go be how you want. So many people in this country want to talk about those things, but they don't talk about how you get there. They just - 'because I said so.' Well, that's not an argument. We've gotta start having these debates and actually started getting this to the forefront. We're not even talking about 5G, AI, VR, and things like that - things that are just absolutely insane. They're going to speed up the craziness. And we can't handle this.
It starts with YOU
These things are coming. We talked about all those trends are coming in past Insider Reports. We'd better start getting our headlight and we're going to have even bigger and bigger problems. This is a time for choosing. It's a time to start taking personal responsibility for our lives, Starting to eat clean, be healthy, get to train. The Twain theory right? Start boosting the immune system mentally, physically, emotionally, spiritually. Start cleaning that out. Start digging out the muck and clean those things out.
That's the Insider Report today. These are coming, lots of things are here. They're already happening. So what are we gonna do to get better and start turning things around? Because all things can be turned around. It's never too late for anything. We can turn things around. We're human beings. We're God's highest form of creation. So let's get out there and let's make a difference. Let's do something different that's going to give us a different resolve for keeping the same things. We all know we're going to, as Einstein said, "It's just insanity." So I hope you had an awesome weekend. And I look forward to any of the questions, comments, concerns you guys have. I look forward to engaging. Everyone that comes and gives me questions and comments, emails, and text and stuff like that. So I appreciate that. And I think that's all I have so nice and short, quick. Hopefully, we can start turning things around, start thinking a little differently. So appreciate you guys. We'll see you at the next one!