 One word and that is chaos Most people have a relationship with chaos in a negative way. We have been Domesticated we can even call it human husbandry to me docile and To have a form of false security. It's a it's a false pretense to think we live in a secure world It's not the normal state of human beings if you really look back at our history as hunters and gatherers and even in More recent times even back in the medieval times or even before the industrial revolution. There's no such thing as security Since pre-circa or since 1945 after World War two. We had this sense of so-called security Anytime that you give up your rights for more security It is fake security. It's a perceived Security when in reality what you are is just another cog in the machine And so now we're in this situation of COVID where people are scrambling around the world to figure out What's going to happen to them? I understand it's an actual mechanism people are trying to survive No different than if you corner an animal what happens animal fights back and people are screaming people are pissed off And I'll be pissed off too. I think what the government has done globally has overreacted And the writings on the wall with this virus. I knew about this virus in early January. Who the fuck am I? I'm a guy. I'm a guy that follows people on Twitter and tweets a little bit makes videos If I knew about it in January telling me Secret Service didn't know about it in December or even earlier Of course, they did anyways the governments have overreacted and we're in this horrible situation numbers came out today We're looking at 28 million unemployed in the United States of Upwards of more than 25% of unemployment Canada's talking about same thing upwards of 20% unemployment for a population of only 35 million people This isn't a depression. This is greater than the Great Depression. We're entering a depression with a recession But the question is what can you do? The number one thing you can do is understand there's no such thing as security The number one thing that you can do is become agile. I'm gonna lay down some thoughts where I think we're going Number one, we are entering into more of a authoritarian state where privacy is eroded where your rights are eroded Think about this. They're giving out tickets for people in a park They're the government is telling you to rat on your neighbors Now my family's from former Yugoslavia and they had that system the ratting system neighbors ratted on each other You know what happened there? I need to tell you the story. It's the same thing that happened in fucking Nazi Germany They had propaganda everywhere about ratting on your neighbors. These are these are old tricks But a lot of people fall for this. It's herd mentality as René Rejard says is mimesis monkey see monkey do People don't have a sense of community people don't have a sense of belonging and people don't value their own sovereignty They'll sell your fucking ass out Before they even help you out, but keep that in mind governments promoting this We've seen what happened in the in the past. It may not repeat itself but the past sure does rhyme and so our Privacy's are being eroded our sovereign right is being eroded and the government is making so that we're becoming more reliant on them They're talking about stimulus checks $2,000 a month talking about printing unlimited money. They're talking about going into MMT They're bailing out every single industry in the world Trump just the other day said they want to start paying oil Producers not to drill. They're talking about bailing out Hotel in the street airplane industry the top five stocks are popping off because they're getting trillions of dollars into doing buybacks People are now not even going to work. It was just reported in New York State. The average salary for in this particular Circumstance was fifty thousand forty eight thousand dollars But with the stimulus check and all the other beneficiary checks they get they were making fifty they were making fifty one thousand dollars so they were making three thousand dollars more not working than if they were working and Then the people who need Employees they can't find anybody but no shit. I don't blame the people for staying home for making three thousand dollars more human beings Very simple. We're incentive driven show me the incentive and I show you the outcome if the incentive is I can sit at home and Make fifty one thousand dollars and not work. What the fuck would I work? This is what like socialists don't understand This is why so-called closet economists in Harvard's never ever ran a business Don't understand like business is simple. There's a supply and demand equation There's a read, you know, there's a cost of labor or cost of production. I need to make a margin on this It's like it hurts my head how complicated these so-called economists make it but Like I said, they're fucking keyboard economists never fucking ran a business. They could have run a business They put everything into deficit and so where we're going. Well, these are the things that's going to happen As I've been mentioning before we are leaving Globalism and we're entering localism. So basically that being said focusing more on local things Farmland I've been very bullish on I think you if you have the opportunity the know-how and if you have the insight Definitely start looking to farmland. So regenerative farmland farmland Polyface farming in Ontario alone in the last couple of years 10% return every year for farmland and depending on where you go It's quite cheaper acreage. Some places much more expensive. That's real estate But it's one of the best return on investment that you can get not to mention that the food supply is the number one thing So though it's gonna there's gonna be a war in China We are entering the Cold War. This is one thing the silver line between It being in this whole Kobe thing is a lot of people are realizing how fucked up the CCP is Chinese Communist Party Not the Chinese people at the Chinese nation, but the fucking evil Party in power over there that has two million Uighurs in camps That locked up people by welding the apartment buildings by killing the doctors and killing the lawyers They were trying to warn us early like I people are calling the distance that Chinese Communist Party is not a fucking good party The the human rights violations that they do is Obscene like absolutely obscene if you want more information on this look up a look into the human's right foundational Alex Glastine And so we are gonna be entering a new Cold War with China a lot of companies are gonna be pulling out of China Trade is gonna be start this stop happening with China and the US dollar will be remaining in US I just had the interview with Brett Johnson earlier talking about the milkshake theory How US will suck up all liquidity around the world because of the premium of the dollar all its Gresham's law bad Money drives out good money Bad money is going into United States is driving up good money because nobody wants to spend the US dollar And so you need to figure out how to protect yourself I think the opportunity going in the future is focusing on localism focusing on farmland focusing on Figuring out your supply chain where you are So whether that is your e-commerce company or any type of company that you want to create if you need to be Relying on the Chinese supply chain You're gonna have a lot of troubles going in the future whether that is taxation issues whether that is shipment issues Remember the reason why a lot of these ships from China come over here in North America is guaranteed by the US Navy if the Navy pulls out you're gonna have a lot of shipment delays based on other nations because China has pretty much No Navy and you know countries they have to fucking go by and a lot of countries They don't have a good relationship with so I think the whole supply chain with China It's gonna be slowly drying out It's not gonna just be pull the pin, but more or less that supply chain is gonna be very At-risk I would say and I wouldn't bet on any business relying on the Chinese supply chain And that means you need to start focusing on supply chains within your locality in North America Focus on North America doesn't have to be Canada. It can be Mexico. It can be Canada Maybe in products in the Caribbean, but more or less the whole North American area and Then really understanding that you have to be agile We just don't know what's gonna happen. The problem is a rulebook is out So you look at the you look at economic policies you look at rules for example the Federal Reserve can't legally buy junk bonds But they make an SPV to buy up the junk bonds And so they're just making up rules as they go. Who knows maybe tomorrow literally change the rule that the Treasury is in power Or the Fed who knows maybe Chudeau makes rule that everybody wants have UBI that changes the dynamic of business if people are getting $2,000 a month Every single month that changes labor costs that that changes rent costs that changes a lot of shit The the governments don't have second-order third-order thinking but you as an entrepreneur you as a sovereign Individual you need to figure out how you can adapt to this and I'm gonna be focusing on things I like I really believe that if you don't create proper Contingency plans in case things happen like this you will fail But the beautiful thing about this and we're in a circumstances where nobody really knows what's going on There's thesis is there's hypothesis of what's going on But when nobody really does know what's going on and so I wouldn't worry too much as long as you have the the ingenuity and the will not only will power but the The capacity to face fear and the capacity to be like hey, man I'm gonna start from scratch a lot of people have the Some cost bias feel that one of those people like me does like I fucking I'll start from zero every time I just don't care It's fun in fact like fuck it put me on the street when no money No, nothing and I'll fucking win anywhere in the world anywhere And so if you if you have that mindset, I'm like I'm gonna fucking go out there and do it You'll win man. I know that about it. In fact my predictions is I think business is gonna be easier going in the future It's gonna be more of a challenge for intellectual capital like the old way of doing business But what I mean by easier is a lot of people a lot of people will opt out because if they deem it difficult In in in chaos like this and in recessions and depressions a lot of people are depressed And they don't want to actually do anything So if you're one of these diamonds in the rough who's willing to stand out who's willing to push who's willing to fight Who's willing to be agile who's willing to go out there and just fucking dominate you will win you will win I know there's one golden rule man. Like there's always opportunity even though we have Stagflation most likely coming in and we have immigration issues We're gonna have a trade war with China more or less gonna be a cold war with China Not just United States. I think it's gonna be a pact We're gonna have a European Canadian American pact against China But no matter what there's opportunity right to zero some game when it comes to the market money needs to go somewhere Investors need to find yield and both whether it's VCs or angels or public markets or real estate yield needs to be found And if governments are giving out negative yield and bonds are garbage, which they are junk bonds are everywhere Trust me investors are looking for alternative classes So I bitcoins taking off so I think in general within the Bitcoin community. I'm very bullish right now gold, you know Metal as well, but within the entrepreneur space the startup space I think we're entering a period of really interesting new types of businesses that focus on locality Focuses on community and if you can solve problems for your locality You'll do good and I'll leave it that guys, you know, don't be fearful fears a weapon to use against you don't ever give up your rights be weary of anything the government says and Just be ready to fight and be ready to be agile and that you're good to go. I'll leave it at that guys. Peace out