3. Coronavirus Stimulus Checks and Bear Markets

This is RIGGED, I’m Terry Sacka. Two topics today we want to get to is 1. How is the bear market going, and 2. How does the stimulus package work, how it’s going to impact me, and how can I take advantage of it? Let’s just start with the bear market, and I know the markets are trying to make a come back. To some extent, it does look like that, but I offer extreme extreme caution. I don’t believe it. Unfortunately, there is a lot more debt load out there. This goes way back. This was something that started collapsing, as I mentioned before. The banks were already in trouble last fall and then, conveniently, the virus shows up. But I don’t believe it. Unfortunately, there’s too much in in probabilities and, the statistical stuff, dealing with hedge funds and not even hedge funds, pension funds and the banking system. There’s just so much in their actuarial numbers that is extreme trouble, and especially with the pension system. I mean, we are talking serious money in the pension system that needed to make an average six or 7% or so they’re not gonna make anything, Of course. And this is very, very bad. Now I have some encouraging words towards the end of this podcast for all of this, but in the middle, I’ve got to just relay the truth and then tell you how I see it all come together for greatness, for America. But this bear market is not going to, um, stop now. No, unfortunately, I see over the next few weeks, a retest down to the lows and I won’t be surprised. And I’m sorry to say this, but I will not be surprised to see the Dow down near 14,000 or even 10,000. I’m really a firm believer that before this whole thing is over that the Dow Jones and gold will be equal. So I don’t know where that number is, but I’m thinking, you know, 5 10,000 But gold will be making substantial runs. So the bear market is not over. Be very, very cautious. Even Goldman Sachs is saying the same thing. Be very cautious on trying to get into the market now and thinking you’re going to catch it at the bottom. It could drop another 40% from here, and I would hate to see that happen. People already in a position of loss. This is a tremendous time to reallocate. If you think you’re staying in the markets right now and then they’re going to be okay. You’re gonna be in for a big surprise. If it does drop another 40% this will definitely be a good time to reallocate at least a portion. I would say a minimum of 1/3 off your portfolio into precious metal, gold and silver. Now, don’t take the narrative. They say golden silver are just not available. That’s not true. There is material available, but what is not available right now is end product. So we don’t have finished refined minted bars and coins. But there is plenty of actual material in 1000 ounce bars and warehouses in New York and Jersey and other places they just need to get circulating. The problem is, we can’t get things delivered. We’re having trouble. Who wants to go to New Jersey or New York right now and pick something up and drive it out? So we’re having a little bit of difficulty moving material around. But the fact is we still see and I still can’t get material and we’re on the minting cycle, so it’s taking a little longer, but we’re definitely on the minting cycle. We’re producing phenomenally beautiful silver, so this is a good time because I will not be surprised to see gold 5 to $10,000 an ounce and silver hundreds of dollars an ounce. Now that’s just my prediction. I just think it’s just part of a cycle of things, nothing more than that. So be very cautious on the bear market. And don’t be so enthused to jump in on the stocks wears too much uncertainty. This virus easily could go through July, and we will have a lot more as far as corporations default numbers going out of business for small business so forth. So don’t chase a fall or don’t try to catch a falling knife. We say in the in the markets, when it comes to the stimulus, the stimulus is wonderful in a lot of ways. It really, really is. You know, I was concerned. I have a lot of friends that are servers. I even used to be a server going through college. I totally understand and I find that I was like, Oh, no, you know, she was They have a child and and she was, ah, waitress. And he was a cook. And, you know, they had a decent okay life, they really did. You know, they had to really budget if they wanted to go out to dinner. It was a special treat, but they lived and they were wonderful people and they were okay. And I was like, Oh, no, what are they going to do? And obviously, that’s multiplied by tens of thousands of people, right? If not millions. Well, the stimulus is wonderful. Not only does it add $600 a week and unemployment to the already state unemployment, it gives you a one time $1200 payment per adult and $500 per child. That’s gonna actually, I think, give them more money in a month than they were probably making working for the next four months, which was tremendous relief. Now here’s the bad side, too, that I’m hearing from friends that have businesses and they’re having people quit or trying to get fired because they would rather collect the unemployment in the one time bonuses because it actually is more money. I mean, that’s really twisted. And then you have people working for 12 or $15 an hour that saying, Hey, I can quit and get all this money And now they’re struggling because they see their friends making more money on this opportunity. I caution everyone to think that way. Do not quit your job. You’re not going to be welcome back. And be careful because this is only temporary. And don’t look at the short term money. Look at the opportunity. You have to make a difference and work hard and what God has given you. So the steaming This is definitely gonna help the individual. It’s going to help small businesses. Small businesses can take out loans that will be forgiven. That will help them with rent and payroll as well as some of the larger corporations. And now you were seeing the character of everyone These days, the real character. There are companies that air furloughing people that are billionaires. Why, what is it gonna cost you? Another 25 million. So what? We’re really seeing the two character of people in Hollywood and in certain elites in certain wealthy I think our country is really coming to a different reckoning, and we’re starting to see what true character means and the importance of certain policy to protect and preserve and keep America safe. So be very careful when it comes to the stimulus. There’s some wonderful things happening. But stay loyal to your company because when this whole thing is over, we’re gonna probably have a mini boom. That’s my contention is what’s coming out of all this. I do believe this is rough and I don’t know if it’s gonna be all that easy over the next few months, specially in quarantine. I bet you’re finding things you never thought you knew had, and you’re clean in areas you never cleaned before. But I really encourage a lot of patients and love spent time in the Bible. There is nothing wrong with that at all. Really. Sit back and recognize that this is, Ah, hostile time, and we need to be cautiously calm and loving and respectful to one another, because what I see coming out of this after the virus mutates and evaporates and dies off, I hope is that we bring a tremendous amount of manufacturing back to United States. We can create millions of jaws by bringing manufacturing of medicines and medical equipment and goods that were being produced overseas. We’re now seeing the very life line in the supply chain affect we the people. And that’s not good. Forget this globalist concept. Let’s make sure if anything, a minimum of 1/3 of everything critical to the infrastructure, national security and our physical well being is produced right here in America. Number one, it’s gonna guarantee good jobs for we, the people, and to we’re gonna always be guaranteed that nobody could hold us hostage by a supply chain. So I see an incredible opportunity coming forward. America an incredible opportunity for jobs in the future. But you better behave appropriately. Now. Show the commitment to your employee employer, show the commitment, work hard and help one another. Character is going to matter right now more than ever, and people will remember you now during this crisis, and there will be new people born into the leadership roles into victory in the future because of it. So, until next time, God bless each and every one of you. And remember, stay focused. This is hard. It’s going to be hard, but it’s those that rise up to the circumstance of this. That will be the new tomorrow and let that be each and every one of you. God bless you and we’ll talk soon.
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