Today, the global financial markets are more tied together than any time before in history. It seems like everything in the world is moving together, the economies, the financial markets, the medical problems and situations that we're dealing with, and so much more. And I talk a lot about the federal reserve of the dollar is the reserve currency of the entire world, and so that's why I do that.
But today I'm joined by an international guest, somebody who's been to over sixty five countries, lived in numerous countries, and can help us tie what's going on in the United States with the rest of the world and give us that international perspective when it comes to real estate in other countries, um economies, jobs, etcetera. And understand this perspective helps us to get a much more complete picture of where we're at currently, but what to expect in
the are in their future, and even how to prepare. Uh. He gives us a lot of that good information. I'm joined by Neil McCoy ward. Um, let's go ahead, jump right into it. Everyone. Welcome to another episode of The Market Disruptor Show. And today I am joined by Neil
McCoy a Ward. He's a he's a businessman. It's TEO of a group of companies that are in the real estate market, but he's probably more better known as a macro financial market analysts on YouTube talk to a lot of the topics that I talked about, but with an international, um kind of outlook on it. So I'm super excited to talk to you today, Neil. Thanks so much for
joining us. Yeah, you might welcome. Thanks for having me on. Yeah, so, I know, uh, you know, you do a lot of different things, as as we've talked about, UM, but you have this unique outlook. You've lived abroad, you know, international, you've lived in the United States. Um, why don't you just give us like a little bit of background on on you and what you're doing right now to give us that perspective. Yeah. So, I mean just before we jumped on and recorded this, I was saying, I mean,
play a Delta m and then Mexico right now. And before that, I was in Costa Rica different places from Tamarindo to San Jose, etcetera. Before that, I was in Florida. Before that in Kentucky and California. So I tend to travel a lot. I mean, this is my sixty eight country now, I've been trying to stay out of the UK and the US as much as possible at the moment with everything just going on. You know, a lot of if people are watching your channel, then I don't
need to sense of what I say here. But there's a lot of crazy stuff going on in the world, and it's it's and you know, like like yourself a student of history, When I look at everything that's happening, all the patterns and trying to link it together, the developments that I'm seeing are very worrying to me. So I just wanted to be away from that for a little bit, just so I can observe from the outside because when you're in it, because like most things, you
don't see. You have these blind spots. You don't see what's going on. You don't see the development and how rapid things are happening. So that's who I am right now. Um, still doing my day job, you know, as a see over. The Forward Thinking Group still do that three days a week. Used to be six days a week. Obviously with everything that's happened over the last year, that's gone down. So running the YouTube channel and all the other platforms and
things like that, that I do. Yeah, yeah, and uh, you know, so I know we were it seemed to be looking at a lot of the same things. Um, as you said, you know, people might channel know we're doing a lot of crazy stuff, and so, um, I see that we're both kind of seeing the same events happening, like I said, but maybe from a little bit different angles. So I'm excited to dig into those things today, like I said, with maybe a little bit more of a
global fair flare to it. And I know, um specifically, what let's start, you know, just talking about the macro financial picture overall. And I spent a lot of time talking about the Federal reserve um, the dollar, it's the reserve currency of the world, and it drives the world markets. But at the same time, there's lots of other things
going on out there in the world. So maybe just give us kind of this global macro picture that you see right now, with you know, inflation running at at at a sky high rate, you know, debt levels at levels that you know seem like they're you know, can't really go any higher. Kind of what's your what's your
overall look and see how things are going right now? Yeah? Yeah, sure, what's interesting what you mentioned about inflation there, because just before jumping on this video, I was just looking through my comments on my YouTube channel and someone said, oh, you called it fifteen months ago. So I was like,
what need you know the time stamp? And I forgot I'd said this, but fifteen months ago when the QUEI started the quantitative easing and all the trillion, you know, the all the money print currency printing, not money printing. I don't like to say the word money printing because it isn't money printing. In fact, they don't even print,
They create it digitally. But I went back and looked and what I said in that video was that for every round of QUI they do give it twelve eighteen months, and you're going to see um an equivalent rate of inflation going into the monetary supply, because that is how it works. And again we get into these arguments with does que get into the money supply and things like that. Yes,
for the most part, it does. You know, we could go back and forth and debate that, but sometimes these YouTubers they say, none of this que E gets into the currency supply. Well, let me just give you an example. How can you print or you know, and it was printing all of the currency and then giving stimulus to people and all the other the benefits and packages that happened ever last year. So people actually get the dollars in their hands. How can people say that is not
que getting into the the economy. Obviously it is. I don't know where you know, people get get these ideas from, but this is what's going in. So what we're seeing now in terms of inflation, I've been tracking for a long long time. My opinion hasn't really changed on it. The inflation is going to keep going on as well, but I don't see hyper inflation. Yes, it could happen if you get to that point where the federal reserves say, okay,
we've got two options. We're in a liquidity trap. We either keep doing QUEI and keep it going, but there's even a limit to quis as you know, or they raise interest rates. There aren't really that many of the options. Although what do we have. We have this wildcard right now, which is the cb d C. I've seen that You've talked about it a lot in your channel. The CBDC is an interesting one, and right now I have theories
on what might happen when it might look like. But I don't think anyone can see with absolute certainty exactly what's going to happen there. But there's a lot of concerning developments that I have around the CBDC. How's it going to run? Will there be social credit scores like they've been trialing in in China? You know what? What how is this going to look? Are they going to run it concurrently with the a U s Dollar as it is today? And then what's going to happen with
all the other currencies packed to the dollar? How they you know, there's there's a lot of questions that remain unanswered. But in terms of how I see the global economy right now, we're all inter linked. You know, the the US can't do something without other other countries having to do something with their currencies as well. This is the outvent of globalization. Hey guys, let me just interrupt this interview real quick, just to plug the show sponsor, and
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that we're still in it it's not going away. So it looks like I saw today, um uh shoot, I want to say it was a health matter for Iceland. One of those countries over there said that that even with their population um already got the jab we'll call it, that they still see that these restrictions will remain in place somewhere between five up to fifteen years, that's what
they said. But anyway, UM, so you know in the United States, I know, you know, about thirty five of all the dollars in existence were created in the last twelve months, and so if you inflate the money supply by thirty then you would expect prices to go up by about thirty percent. And we have right home. Prices are up, um, you know on the year. Um, some prices are like lumber three, and so it's a little bit different. Um, however, can I just jump in on that.
So the lumber went up three not for all the reasons people were talking about. They're saying, oh, you know, is this reason that reason? And supply. Part of it was supplied, but part of it was manipulation on the futures contracts, which no one seems to know about. I don't know, I don't know why, but no one, but this is what it was. It was just more manipulation. Like we've seen the silver market and precious metals and
all of them. It's pure manipulation. And now so yes, it was at that's back down to seventy percent as we've had all the you know, um, and I'll tell you another thing. Some of the mills I like to, you know, do this sort of in depth research and look at this and sometimes call up people. They were saying that they couldn't get the supply out, Like it
wasn't a case of they had no supply. It was stacked up and people like funds had bought this this lumber and they were just saying we'll pay you X amount to store it because they're making money on all the contracts. So it wasn't a case that there was this big supply shortage. They just couldn't get the timber into to actually deal with it. So there's a lot more to that that than meets. And of course now we've had all the supply coming back through, so number
still up. Se this has a knock on house building, new house building. What have we seen nineteen point one percent I think it was announced this week down on the new new new home sales and all this everything is interconnected. It's like a giant spider web of globalization. And another thing with the timber that was just talked about this week is now we're having these you know, these huge forest fires just ripping through the US and now they're concerned this is going to have an impact
on on timber going forward as well. It's you know, we're living in a crazy world right now. Yeah, it is all connected. It's interesting to see how that works. Um And so you know, we see all those prices going up, and like I said, I kind of focused on that in the United States. But are we seeing I mean, are we seeing that throughout the world, through the UK, through Europe. I mean, prices on all these things are going up, used car prices, home prices, lumber prices.
Is this a global thing? Yeah, definitely. In fact, the US hasn't even got the brunt of this inflation. You go to some of the countries in Africa, you go to to Venezuela, you go to Lebanon and some other places. Now, of course, each one is an island and it's health in that. You can't just take it as a whole. There's other things going on in terms of hyper inflation some of those places. But yeah, look at food prices if you go you could go to some countries in Africa.
Now there's so many that I can't even name them all. And the food prices some of them have doubled or more. I mean you're talking about one hundred percent inflation in food prices, not ten percent like we're or or you know around that. It depends on the food product, of course, and you can't rely on the CPI because they swap out the different food products and put other ones in a lower Why do they do that, Because you've got
to think of it like this. If they tell the true figures on the c p I. What's connected to the CPI the pensions is all the money they're in the pensions to cover the pensions. I don't think so. I think it's somewhere else. So again it's all connected, Yeah, definitely, Yeah, we know the money is not there. UM. So we have all these prices going up, and then we have UM that you know, those are asset that's asset inflation,
that's consumer good in prices inflation. But then we have, you know, problems were I think both of us have kind of dug into this where we have worker shortages all across. I know I've been traveling quite a bit as you have, UM, and I recently spent two weeks in Florida going around different places, and many of the hotels I stayed at had to cut down all their services.
They couldn't open a capacity, they didn't have room service, they couldn't open the restaurant just because they didn't have workers, which then causes UM employers to have to raise their prices or i'm sorry, the rates they pay, which at leads the more inflation. UM. What are your what's your take on this worker shortages and the government paying people not to work. Yeah, well, if if you'll allow me, I'd like to talk on another point with that as well,
which is unemployment scarring. So we'll talk about unemployment scarring and directly after this. So what I see with the worker shortage, all of these bailouts that some of the companies got last year that was supposed to be for you know, the pandemic related um you know, economy and helping things along. A lot of these companies took that money, that bail out money, and they did share buy backs with the money. What should they have done? Research and development,
staff training, helping their employees. The bedrock of any company is your employees. You've got to look after your employees. And unfortunately, what we've seen, especially in the United States, it's not as predominant in other in other countries, but it still exists in the United States a lot of the because you have the lobbyists and all this. You know, there's a lot of corruption, although we can't call it corruption of course, but there is all this lobbying and
everything else that goes on. It doesn't create this free market economy. So you have all of these huge companies, these monopolies that are just growing, growing, growing, and then you have all the small business owners, the same s small to medium sized enterprises. They have been crashing and going bankrupt in the economy, and this is really where
we we we move on to unemployment scarring. So a lot of people don't understand this, but six it depends on the country of employees are employed by the sames, the small to medium sized enterprises businesses. So when you have this huge crash in these businesses and these huge bankruptcies, what actually happens is you lose those employees, so they you know, they they lose their jobs, things like that. Where does most of the spending into GDP come from?
From consumer spending? I mean, this is just basics, very common sense stuff. So if these people don't have a job anymore, how can they spend into the economy and boost the g d P. See, I don't even think the GDP was genuine what came out last year because what they included into the GDP was all the stimulus and everything else that they created. And then you've got to think when that stimulus went to people's hands, they
then spent that stimulus. What was that recorded in g d P. So You've got a lot of stuff going on here, which I think is going to cause a crisis very soon because people are just saying I quit from their jobs. And I know a lot of people who had to work through this last year, and yet their coworkers were sat at home not having to work. And you know, we make this sort of joke that they sat there drinking a beer watching Netflix for a year, but obviously that isn't what what what people were doing.
They're all watching HBO instead. Probably, Yeah, you know, a lot of what they've been doing is learning new skills. And here's the problem, and again it's a problem for employers, not for you know, individuals like curse freethinking people. When you get a lot of time human psychology, what it is we start to think. When you're running around like a headless chicken, driving out to work on a train or whatever, working stressful job all day, traveling back, all
you do is get home. You're exhausted, and you do that five six days a week. There's no way you can think and get freedom of thought and figure out what you want to do with your life. So you get this free time to think and relax, you start to realize what's really important to you, combined with you know, what happened at the start, where you know, the health organizations or whatever are saying this could be a five to six per death rate from from COVID and things
like that. And look, I was one of the first people to to be like, oh my goodness, this is really really bad. Five to six That is not you know, that's no joke. And of course when all the lockdowns happened, I wasn't the one saying we shouldn't be doing these lockdowns. This is a terrible idea, et cetera. I was agreeing with it. I'm saying, okay, that was a good decision. Five death rate. We can't have this. This is just
you know, it's a bad, bad situation. But then when everything comes out and the true statistics come out, it's a case of okay, you can't just look at one measurability here. You also have to look at things on the other side. You have to look at mental health and suicide rates and the business collapses, which is proven from previous recessions. If you actually look at you know, previous recessions and the data, you see what goes up
mental health rates and problem, suicides, business collapses, unemployment. It all has a knock on effect. So look, I'm not saying anything you know, negative against any of your viewers that you know are like hardcore into all of this and you get what I'm saying. What I'm really saying is you've got to be objective and you've got to look at everything and then make decisions, especially economic decisions. Things are not on island. You can't just take it
um as it is. And of course that's where the media comes in, and we won't get into all of that. Yeah, I'm curious this was I'm curious your take on this coming from the UK and now being in the US as well. But you know, the US was built on individualism and it's really, um, we get caught up in all these words and I think words loser meaning and socialism and fascism and communism and capitalism and authoritarianism and whatever, um.
But really, if we were just gonna make it simple, you kind of just have like two systems and it's like individualism or collectivism or um, you know, free open, competitive versus like captured, controlled, planned, um. But you know there's this whole narrative that's really been pushed globally, which is we're all in this together. The reality is that none of us are ever in anything together, right, We're
always in this differently. So for example, um, a few months ago, I had to have some surgery on my hip, and I went to my doctor and he sat me down and he said, here's your options. You have this option, but because of your age and because of the condition, you know, these are the risk that you face, or we could try this, and these are the options, and these are the risks, and so what what do you want to do? And I'm like, well, given my life and what I want to do, I know this is
a better option. But I'd rather do this, and I'd rather take these risks. But it's up to me because of my age and my health and my activity level, which is going to be different than yours. Like you and I don't face the same situation. Uh, you know, the doctor typically always tell you to stay home, stay off of it, but like, that may not be an option for me. I may need to go to work, and so the risk of reinjuring it might be less than the risk of me losing everything if I don't
go to work. But but then this other person might have a bunch of money and they might have savings, and so for them, the risk of going back to work and reagement isn't worth it, right, And so we're all in this together. So back to I guess what you pose? I guess, Uh, how do you see that as far as like individualism and looking at this, Uh, you know how it affects us personally knowing that there's
all these unintended consequences out there. Yeah, okay, Well, the simple answer to that is there is no simple answer to to these um to these challenges today. And you know, I've read all the books from these professors who have spent the whole life studying psychology and human behavioral psychology, evolutionary psych oology, and I've read all the books on
neuroscience and everything you can think of. And the conclusion I came to was it was really a waste of my time to study all that because there is no answer to it. And the reason why is because as human beings were constantly developing in terms of our thought process, what's appropriate, what's not appropriate, what's offensive, what's not offensive.
But if you look at some of the developments, they come from one source and one source only, and it's the mainstream media, so of course in a And it's quite funny because yesterday I was reading about censorship and you know, someone said to me and I thought they were talking a lot of nonsense, but they said, the USA is the most free country in terms of the media in the world. And I said, you know, I used,
have you been smoking something? You know? So I looked it up on all these different reports, and on average it was about it ranked about fourty five in the world in terms of free media. So it really had me start looking into it and looking at the media and quite staggering. How you know, things a f of the funding they get comes from one source at the moment, and then it starts to make me look at other
areas and gives me a lot of concern. But I don't personally see the media in the US as free media. A lot of it. I don't know if you saw my video a few weeks ago, but I showed a clip of because I kept people kept talking about the media's free and all listen. I was like, okay, let me show your clip, and it said, we don't need to show you. Tell you the gas prices around the rise, we don't need to And it was all these different um anchors saying the exact same thing. It went on
for ages. You know, I didn't read that one, but I've seen things similar to that. Yeah, and it just shows a lot of the media is owned by the same company. So of course what do they want. They want to create. And I'm not saying this is a bad thing, although I think it's a bad thing at the moment, right, But you've got to draw the line
between what is control and what is genuinely concerned. See if if we had amazing leaders everywhere around the world and they were genuinely incredible human beings, integral, there's no scandals, there's there's nothing like that, and they said we need to do X in order to, you know, to solve this challenge. I'm down with that. I'm completely happy with it. And if they're getting all these experts in and they're saying, you know, and it's a free debate and it's open,
I think that's a good thing. But then when you have all on one side, I think that's that can be quite detrimental and negative. Yeah, So, as somebody that spends a lot of time going through the news. Obviously you do that, analyzing the market's, coming up with ideas for your videos, researching, etcetera. UM, it's it's it can be difficult to understand or I should say, discerned the information that you're looking at. Um. I guess, do you have any things that you do that you think that
are beneficial or helpful for you to like? Um, look at both or make decisions for yourself, or look past headlines. Yeah. I think the first thing you have, you know, every single person has to do when you're looking at media is number one. You have to apply your own common sense. That is the best thing that you can ever do
is apply your own common sense. If something just doesn't sound right, spend the time looking into it, spend the time studio and you know so for me, yes, it involves a lot of investment of time and effort at the start, But you then figure out who is just making stuff up and who's just putting out propaganda versus who's actually putting out some genuine stories. Now, I like the media, that's very central. I don't like media on
the on the right. I don't like media on the left because they will even if it's the most absurd thing, ever, they will put it out as if it's a fact. So I tend to look at all the media on the left on the right, I see what they're talking about, but I much prefer central, central media where they don't really take a position either way. It's more factual based. Now. The other thing is a lot of media right now is about emotion, so they're using emotional spikes to you know,
to to create whatever they want to create. Now, I don't really look at that. When I see that, I can see through the emotion because I've I've studied it all, so I don't want to. I don't want to get into any of that. I want to see facts. And you know, there's a good example a few months ago where you know, we saw certain statistics come out and someone's actually said to me, it doesn't matter about the statistics,
it's all about how people feel about the statistics. And that really surprised me, and I realized, Okay, a lot of people like to comment, and I thought, I see
what's happening. This has created this mass um thought patterns within within different populations now, and it's it's regional as well, so the thought patterns will be that people start to align within different groups now, regardless of whether you know someone's on the left or someone's on the right, because you know, you know a lot of people attack people on the left instantly, but at the same time, there's people on the right as well who come out with
the most absurd things. And you know, I'm very and I'll say to anybody, whether you're on the left or the right, you know, if they're they're talking some absurd stuff. I want to bring it back to factual, evidence based data. And I think that's the important thing. Statistics haven't. They're not dead like a lot of media want you to believe. And it's all about emotion. Now, No, it's not about emotion. It is about statistics come first, in my opinion, with everything,
and then we look at, you know, other things afterwards. Yeah, that's that's such a great point. I mean, they really have tried to take everything from being a rational, uh conversation or argument or point to emotional. You can overcome a rational conversation, but you can't overcome an emotional one. And so I think that's definitely a good point. Is that check that emotion. Now let's jump back into some
of the topics that I had kind of planned. So I know, UM, both of us have been kind of looking at and talking about like this, you know, great reset agenda, which a lot of this seems to be going into if we if we look at it from a larger context, we have, UM, we have a group of people who you know, are kind of pulling the strings in the world, usually the globalist this is the three letter n G O S the World Economic Form
and the World Health Organization, the World Trade Organization, etcetera. UM. But they're telling us what their plan is. UM. I like to say that I take them at their word. And so they've told them, They've told us what their plan is. UM. And I know you've done in videos on this as well. We don't need to dig deep
into that. But when you when you look at it from that lens of these people that have this agenda by UM, and then you look at that, you know, uh, the financial system, the economy, the real estate market, UM, does it make you start to think that, you know, this is all part of their bigger plan and then we have to learn to navigate it that way. That's a tough one because I'm an emotional human being. Like
everybody else. So and it's very difficult when a lot of the stories that come out every day are emotional. It's difficult to always be rational. So for me to say I have no bias in answering the question would would not be a true statement. Obviously I have biased, just like you have bias. Mark. We all have bias towards something. So I'm going to answer the question, but
with the with that variable that there is a bias step. So, having studied all of it, and studied w EF and everyone else, and and actually there's hundreds of these three and four letter organizations now and actually when you dig into it deep. So I did one of the first videos on the Great Reset, as you know, and that video got banned eight hundred thousand views, and it got banned very quickly because I guess I was touching too much on on some truth set about you know, some
of the property and it is propaganda. Oh, anyone can come to our forums and you know whatever. And then you look at the figures and it's hundreds of thousands of dollars to a million dollars to be come amember and you're like, no, the average person can't join this is nonsense. Who are the sponsors and it's the usual suspects. And of course the most obvious thing we need to distinguish here is that the world they're coming forum talks a lot about how this is a green energy movement
and to help save the planet. I'm not saying that that that isn't true. All I'm saying is when you look at the evidence behind it, and you look at the sponsors. So these are huge banks and financial organizations and they're all coming for a meeting. What where is all the green green movement people for these meetings? Why is it all banks? And And you've got to think, what is a conglomerate financial institution, A bank, a business?
They exist purely for the purpose of shareholder profit, that's it. Why would the shareholders care about green a green energy movement and reducing CEO two and carbon emissions. All I'm saying is, if that is what they're putting out there, it's a You're going to fool a number of people, you know, if that, if it's true that they are trying to, you know, bring down all of this, you know,
greenhouse gases and everything. Don't invite all financial institutions and then close the doors, like have it open with greed and you get what I'm saying with this, Yeah, yeah, and bring some bring some scientists in or whatever that that have some solutions instead of all the bankers flying in on their private jets. I guess that's to cut down to cut down c O two emissions flying on private jets. Yeah. But it seems like there's like all this change going on, and I know a lot of
people are worried about this whole. You know, you'll own nothing, um. And then you see that like nothing, and I get comments all the time like, um, how would they achieve that? Um? How would they get it to the point where we
own nothing? But then you take a look at um, the financial markets and the housing markets and the job markets, and then it starts to look um somewhat apparent right, Well, if they can just continue to boom and bust and uma away our jobs and take away our ability to um make our payments and pay our workers, etcetera, then all of a sudden you start to see how that future could become a reality. I guess yeah, yeah, And
it is very worrying. I try, you know what I what I do with things like that I look at it and I keep it as a theory, and I keep it off to the side as a worst case scenario. But then what I have is other theories in between, and I try and take something middle ground. But I never take my eye off this theory that it could happen, you know, because if you take your eye off the ball, that's when you get caught out. So I've always got my eye on that, but I try and think of
something more middle ground. But people who are you know, more to the other side, who say, there's no con this is all conspiracy, there's nothing behind this, there's no central bank digital currency coming out. Neil and Mark, you guys are making this stuff up. And then next thing they announce it and they're like, you know, you go, oh, didn't you say there was no Yeah, but I broken.
They use a broken clocks right twice a day, and they use things like that, you know, these ridiculous expressions that they come out with, Hey, sorry to interrupt this video just one more time. I'm not running Google ads, so it's actually way less interruption than I normally would have on a video. UM, and that's because it's sponsored by block five. UM. They are opening up the world of bitcoin and financial products offering to pay you interest
on your bitcoin. Um better than own in a rental property that you have to manage and control and have the risks. You can just earn interest on it, or you can leverage against it. Now, I plan to hold my bitcoin forever and literally never sell my bitcoin. So how do you do that? Well, if I need money, I don't want to sell that bitcoin. I'm gonna pay tax on it, all right, I'm gonna end up with less and I don't have the bitcoin anymore. So a better way to do it is to borrow against the bitcoin.
So I've put all my money into bitcoin. If I want to buy a car, or I want to buy a house, I can borrow against it at very very low competitive rates. Get my house, get my car, whatever that may be, and get to keep the bitcoin. I've done a whole video on this. You can find it. I'll link it down in the description below. How to retire off a bitcoin without paying taxes and you can do that with block fight services. I'll link to the
video down below. I'm also going to put a link to block Fight if you choose to click on that link to check them out you can earn up to two dollars in free bitcoin just for using that link. And that's it. Let's go ahead and get back to the interview. Yeah. Now, another thing that I want to
jump into. I know, I know you've talked about is um, you know, more things that are happening, like the cyber attacks and so UM that goes back into you know, the World Economic Forms has been doing tests for cyber attacks. Of course, we see that these ransomware attacks have been picking up steam. UM. Just I think was it just a couple of days ago or just last week? Um, a bunch of the big websites all across the world shut down. UM. And I know you've done quite a
bit of research into that. So what are you seeing in regards to cyber attacks and how do we prepare for those types of things? Yeah, I mean, I'm don't think there's any question that we're going to see more cyber attacks. Now. One of the videos I made recently was about the World Economic Forum's Risk Report. So what I did was I didn't just look at one. I went back and look at and other reports and it's
very interesting. Either they've got a crystal ball or they are absolute geniuses, but they tend to predict a lot of what's going to happen before it does. Like Event two oh one happened two months before the outbreak, you know. And this isn't conspiracy for those people who are going to drop all the ridiculous comments or conspiracy, No, you know, No, it is a fact. Event too oh one occurred two
months before the crisis, you know. And this wasn't a oh, this could be a we're preparing for a SARS, we're preparing for a flu outbreak. No, it was a you know what, we went to the way on the channel outbreak. And then you look at all the other things, and then when all the media gets focused on the cyber attacks, again, it's controlled. This isn't just random. So when you know he klau Schwab is talking about our cyber attacks is
the biggest threat. Do you think I'm just sitting there saying, ah, this now, I'm just going to ignore that. No, I'm looking at that and saying this is the biggest threat. If he's saying that, then that means this is the biggest threat right now because a lot of what he says is coming true. And that's very, very worrying. So
I'm definitely looking at that. And actually that video you're you're referencing that I made recently the very next day was the biggest cyber attack that had ever taken place, which was across all it was actually on the media outlets as well around the world. Really the UK government's website was taken down. All these cyber attacks. Now you
could say it could be a false flag. I don't know where they say, Look we were we were attacked ourselves, and you know, who knows, who knows what's really going on? I don't, I don't know, but it is worrying and I do think we're going to see more cyber attacks. And the risk with the cyber attacks is on infrastructure. That is what I think is the biggest risk because
if a hospital gets you know, the electricity goes out. Yes, they're gonna have backup generators and things like that, but what about the water pumps, one about the water stations. Human beings can only survive for three days without without water. Um, you know, there's there's all this other stuff that could happen. What if you see a flash crash in the stock market because of all the AI trading that goes on
and all the other trading that goes on. You could just see a massive flash crash car which could bring down the stock market. What happens if the stock market comes down, people lose their jobs, a lot of others. Again, big knock on effect. You really think it's not going to have a knock on effect on the housing market? Yeah, yeah, it is obviously so. Um talking about the housing market
for a minute. UM. I just did a video talking about the United States housing market, and I do them pretty regularly, having been a pretty much my career has been in real estate investing. But I don't know a lot about the international markets. Um. So, you know, in the United States, we know the real estate markets up every year, the markets super hot, you know, multiple offers on prodit properties before they even get open for for viewing. Um. And at the same time, you know, we have the
economy that's shaky. Um. So a lot of people are wondering what's gonna happen here? But what about, um, the foreign markets? What about Australia? I get asked that all the time. What about Canada? What about the UK? Are those real estate markets just as hot? And do you think they're in just as much danger. Yeah, so they're not okay. So there were all different in terms of the year on year growth. USA was pretty pretty hot this year, or you know, there's nowhere around that. Why
is that? Well, because of globalization, we can apply the same metrics to each market. So what happened in the USA record low interest rates creates more bias because if you can get an interest rate for three percent, and you can let's say, you know, like you said your real estate investor, you can get a six, seven, eight percent or fifteen percent if you're doing an airbnb or something that some people do, why would you not borrow money at three percent when you don't have to put
a lock down anyway? What else are you gonna do with your money leaving in the bank while inflation is eating away at the capitol and the purchasing power. No people are going in there rushing into these markets, right, So that's one fundamental. The other one is low inventory, and this again was created by fear and panic over last year. People didn't want other families and people walking around their house and and all of that sort of stuff.
So you have these low inventory levels and now the knock on effect of that low inventory is more low inventory, even though we recover it, because it created this housing price increase, a lot of people don't want to sell that. They're saying, I'm just going to keep that as a rental now because it's just keep going up. It's gonna be my pension. I'm gonna buy a different house and get two point four interests, right, you know, So all of this is going up red tape around home building.
Where you are. You in California, look at Los Angeles. You try and build something in l A good luck, Um, it's it's so difficult. And even if you do, you've got to put a parking space on. How how can you make a good profit on that? Right? So there's all of these things going on. Now you take that format and you apply it to the UK, to Canada,
to Australia, to New Zealand. Some of the hottest housing markets in the world in terms of overvaluation, I would say, are all the ones we've talked about, especially in New Zealand, especially Canada, places like Toronto and you know, et cetera. These are so overheated and people argue with me over it when I say that it's it's only a matter of time before you do see a major correction. But what's gonna how's that going to come about? There's different ways.
People say it will only come about with interest rates going up. That's not strictly true, because with anything, there is always always a market cap in terms of affordability. And I don't think we're too far off that in terms of affordability unless they drop the interest rates even lower. So as you know, people don't buy a house with cash these days. You're not gonna go out buy an average price home with cash. You're going to get on
a monthly payment. Well, what happens if you know, the house keeps going up in value constantly, constantly, constantly, and you've got this amount for a monthly payment, but the house is going to be value, you can't still afford that same house. And this is why you see the concentration first of the challenges in the smaller starter homes, you know, the the you know, the ones that are square foot and below. This is where you see the
challenges first start to come in in these homes. And we're already seeing that now in terms of an affordability crisis for these people. A lot of people are priced out the markets in the more expensive states, and it will ripple across. Then you'll see it going into second third homes, you know, growing families, things like that. See,
we'll see an affordability crisis eventually. But then, like what happened in the UK, the UK said we're gonna do this special program where you know, first time buyers don't have to put such down at all, it's just a few percents, and you know, and and they're doing all these programs to help the market and help people get in. Well, they did all these programs back in two thousand five and six as well. It didn't help. It just overheated
the markets even more. Right, So these are the three main things that you have in all housing markets around the world. And some of them are even just exploding a lot more than twenty five as well, where they've got high inflation, people are trying to buy houses and you know, so there's a lot going on. Yeah, I guess when I look at you know, the United States housing markets specifically, um, it's really being backstopped by the
Federal Reserve. So they're buying mortgage backed securities to prop that up, providing lots of liquidity, lots of loans, etcetera, UM and keeping the rates low. At the same time, I ask myself, what's going to happen with the real estate market. I mean, it seems that it's overheated, although to your point, the monthly payments actually have come down. The affordability is there, um, But we do have this all these people that haven't making payments. So there's all
this forbearance that's out there. But the Fed could just extend it another year. They could extend it five more years. They could continue to buy mortgage best securities, or they could not. And the problem is we don't know what's in a person's head, right, we could maybe read what the markets doing, we don't know it's in their head.
My thought process is they you know, the FED, between the FED and the government monetary and fiscal stimulus was about eight trillion dollars over the last year to prevent the markets from crashing. Why would they spend a trillion just to let it go now? So it seems like why wouldn't they just continue that? And so my bet is that they do. UM. But I don't know if those same dynamics work in Canada. Australia or the UK. Yeah, well, well actually most most of the year the countries, you've
got to think that pegged to the dollar. A lot of people say, well, it doesn't matter if that pegged, it's irrelevant. Well okay, if that's if it's irrelevant, and you keep printing dollars like trillions and trillions, what happens the explo prices of those other countries. You see, they've got to do their own quee programs or they're gonna the pricing is not gonna not gonna match. You know. The USA people, uh, you know, it's the most globalized
country in terms of what do you export dollars? What do you import goods and services from other countries. So that's what's going on with the USA. Now. I have a different theory, and it's very different to most people I know. So you may not agree with this mark and that's okay, we can we can discuss it. I actually think in terms of interest rates, qui, etcetera. I do think they're going to start tapering, and I think they're probably going to start in twenty two. I don't
know when. I have no idea what month or anything like that, but I think they're probably gonna come down from the one twenty. I think they're probably going to tape it down by say ten billion roughly per month, and they'll do it over a one year period. Now will they go down to zero? I don't think so. I think they're still gonna do Maybe it could be ten, twenty thirty. Who knows. They could go down to zero. They could, but the challenges. Look what they tried to
do a couple of months ago. I think it was with the NBS, the mortgage backed securities. They tried to sell up some of the mbs and did you see what happened? They quickly reversed it, and they were like, okay, by and back, by and back. So what is it? Fifty of all mortgages in the United States and now owned or controlled by the Federal Reserve, a private institution owned by shareholders that is neither federal nor Reserve of capital.
And that's very worrying. I want to recommend the book to all of your subscribers actually called Lords of Finance. It is such an incredible book and if they actually read that there and it's a hard read. If you're not a reader, forget it. But because it's a really
hard reading. It's really hard going, but it explains everything that happened in previous crises, how the FED was, you know, came about who the four key players were, you know, with the bank you aren'ts the you know, the the Bank of England, the FED, New York Fed and there the Rich Bank in Germany, and you know, he talks about all this stuff, and it's really crucial because when you look at these patterns of history and what's occurred, especially the O eight crisis, which is a sort of
template that I'm using for this crisis, and what I think is going to happen. But let me get back on point. So I think the QUEUEI they're going to taper it down. Now will they raise interest rates? I think if they're going to raise interest rates, they're going to do something similar to that that they did before, and it will be twenty five basis points, so zero point to five. They could even do zero point one percent,
who knows this time around. But if they try and do something severe, I mean, this is not Joane Powell, is not Paul Volka, who in THROUTU eighty one, you know, rates went from eleven to what was I think he just bumped them up to they're not the same same person, and in today's market and day and age, they're going to bankrupt us government. There wasn't thirty trillion dollar. There wasn't thirty trillion dollars of debt back then. No, there wasn't. There wasn't um you know, so we have we have.
I don't even know what I was asking on with that, but I'll let you jump back in Mark, Well, no, I just I mean in in Paul Walker's day, I mean, he raised interest rates, but they didn't have thirty trillion dollars of debt. So you can't do that today. When you have thirty twillion dollars of debt, it's it's unmanageable. Trying to cover the interest on the debt already as it is is almost impossible. So the chance of them doing that is is basically zero at this point. But yeah,
I mean, that's what's the other option. You know, what's the other option? If they don't, they just keep doing que. Well, then if they keep doing que you will see a case of hyperinflation. There is no other option you either, you know, you either raise interest rates, you keep doing QWI. There isn't really much of a middle ground. The stock market's going to sniff it out. That's what they're trying
to do. You see, there's a there's a parent career option, there is a third, scarier option, and they can control inflation with price fixing. And we've seen that's usually one of the last stages that a government goes through before things really start to fall apart. So you look at countries like Argentina or Venezuela. That's how they try to prevent that inflation. They can't start printing money, but the inflation is killing them. So the next stages then the
price fixing. Yeah, but you know, you can go back to we can go back to the times of the Roman Empire where they did price fixing. It doesn't work, you know, as you know, it never works. And you know, it got to the point there where they were taxing the farmers and the blacksmith and you know, you know the innkeep and what happened. People just walked away from their farms. You know, it can get to that point again,
but I hope it wouldn't, you know. I just hope that we get really good leadership over the next couple of years. But with the way politics is controlled, I just don't I just don't see it coming. Usually, if you look at periods of history, the thing that changes situateations like we're in right now, where you might have a lot, you know, a very large percentage of the people,
even though they won't admit it. You know, I speak to people every day and they will be acting one way, but when I speak to them privately, they actually don't agree with a lot of stuff that's going on. And that's what I've tend to found is true with nine out of ten people. They will pretend that they agree with you everything that's that's going on, but they don't really yes. So if you actually look at you know,
this as a whole, people will walk away. If the government starts over taxing people and capital gains tax and and everything else. You get to these really high rates, people will just stop working or they'll walk away from it. And I'm a prime example of this. My tax rate is so exceptionally high in the UK, so I get taxed in my businesses and that's corporation tax, and then
have to pay a sales tax on top. Because a lot of the costs I can't pass on or even if I do pass on, you know, in terms of the sales tax, what I could have charged a higher price anyway, you know, So all of these and that's another twenty percent sales tax we pay. And then you've got to pay the tax on the employees. You've got to pay at tax to the local government on premises and things like that. Already you're losing half your money in taxes in the UK business. And then you want
to take dividends. Oh guess what, Neil, You're gonna have to pay forty pc on your dividends. Or you want to take a salary, Oh, you're gonna pay forty on your salary once you get to these levels. And then I want to spend my money, Oh now I've got to pay twenty percent sales tax on my spending. Once you get to these levels, like for me, for example, I could do a lot more and I could earn a lot more money and do a lot more investments,
but I just think, what's the point. I would rather have the enjoyment of life and travel and things like that. Then I would to earn you even more money than I do right now. And this links back to your question. You asked earlier about employees and the jobs market. This is what people are seeing and our mark. You know, they're they're saying to themselves, I'm killing myself in a job that I don't enjoy. I'm stressed out and I'm working really hard and I'm getting you know, this level
of tax on it. When I could you do my own business? You know, I spent the lockdown learning new skills. I want to start my own business. I want to do this, I want to do that. Why would they go back to that crazy stress for existence with the high taxation when they can do their you know, be their own boss and things like that. So, of course, not everyone thinks like that. Not everyone has the same mindset.
Not everyone wants to be an entrepreneur. Some people enjoy their job, and as I always say, if you enjoy your job, great that you know you've you've made it because you're in a job you enjoy stick with it. But a lot of people are unhappy. And that's another reason why you're seeing this mass migration out of the job market. And I said, you know, way back, you know, unemployment isn't going to drop like they're saying, Yeah, it's
gonna drop from six to three. I've said from day one it won't because of unemployment, scarring and the mass movement of of jobs. And this is what they still can't see unfortunately. Yeah. Yeah, man, what a what a situation. Where in the last topic I'll jump into would be Um, so coming from the UK. Now in the US, you said you've traveled the sixty five different countries. Um, we talked about the problems in the market, the job markets
to scarring. Um, we're also at a different time. The Internet has now allowed us to do things like we're doing right now. So, Um, being that you're an international man traveling around the world, still running your businesses, etcetera. Um, what kind of advice would you give to people that, uh, that are seeing this change, this great reset agenda, all these things happening. They're worried about it, like and and
how do they navigate that? Should they start traveling, start thinking about moving somewhere, Should they start learning new skills that could be done anywhere in the world, Like, what kind of advice would you have for that? Yeah? Okay, So I'll give you an extreme example and then I'll give you a more realistic example. So if you want an extreme example, and you are you know, you want to plan for the worst case. I wouldn't be in the city. I would be selling up and I'd be
moving more rurally. I'd be looking at how you can make sure you've got your own water source if there are cyber attacks on you know, the water and all these sort of things. Because you've seen this in other countries where you know, a nuclear power station has gone out or something like that. You can't pump water, you can't do all these things. People have to leave the areas, you know, they became migrants in a way, from their own economic migrants from their own areas. So I'd be
planning for things like this. I'd be planning for food. I think it's crazy when people attack preppers, right, you know, it's a bit of a meme. It's a joke. At the moment everyone attacks preppers, they said, oh, they're crazy, and all they have the last few years. Human beings have been preppers for thousands of years, and it's at in the last dirty years that they've stopped because they could go to the grocery store. They can get something
like bang on demand. What the wake up call for me was in March when I was in Spain and I got locked down in an apartment. I had no food. I had just some crackers. Me and my wife were like, oh my goodness. We went out. The police brought me back in the police car to the apartment. Yes, that actually happened. I wasn't allowed to go to the supermarket. Then I went the next day. I snook out again,
because who cares? I snook went to market. Yeah, and I didn't know that in Spain supermarkets are closed on a Sunday. So here we were. And actually, I don't mind even saying this. I had to knock on people's doors for food, right, because what else are you going to do? You know, this is me as well, so if it can happen to me, it can happen to anyone. And then I got back to the UK and uh not not too far away from where my old house was, maybe five ten miles away the largest supermarket in Europe.
I went in there. I made a video about this, you can see it on my channel. It was stripped, the shelves were empty, there was nothing. You could buy. Chocolate and wine and stuff like that, but you can't really live on chocolate and wine, although some people do. I'm sure you know. So this is the sort of extreme example. Make sure you've got food, make sure you've got water, like for us, as as I mentioned, like a whole family we sold up in California. We lived
in Camario, which is Inventura County. We've sold up. The whole families moved to um like the closest cities, Lexing turn if you want to say that in Kentucky, um you know as well all the horse racing and things like that. Yeah, it's crazy. I just think, why didn't we all do this before? Where you get twice the size of house for your money, you know, then you could in California and it's just a really nice standard of living, nice community where your neighbors talked to one another.
You know, it's not like you know, like that in California a lot of times. So that's an extreme example. Just make sure that you've got everything set up. We've definitely done that, taken care of this. But at the same time, we still have a small home in the
UK that we're going to keep. We're not going to sell that home, Okay, so we've got we've got a backup plan now that's an example for me, and it's an extreme example, but for a lot of people, they're listening saying, look, I haven't got that sort of money, I can't do that sort of thing. I would say, if you can do your job remotely, I would definitely move. I don't think I would stay in the city. Even if somethings start to come back, like restaurants we we
mentioned have started to come back. Even if everything starts to come back, it's gonna take years for it to recover, you know. And that's assuming we don't have a financial crisis,
a crash in the market. Then you're really stuck because then you'd be stuck in the city where you think it was going to recover, and you can't sell your house because there was this big crash in the markets and it's affected the housing market and people haven't got jobs and they can't buy a new home and everything else. So I think, you know, and if you don't enjoy your job right now, this is another thing, and you've always wanted to be an entrepreneur, I think now is
the perfect time to give it a try. What have you got to lose? Really, So I think that's a that's another thing, but just stick, you know, bring your budgets down, don't over overspend. One thing I learned when I when I first got got married to my wife, who's who's American is meeting a lot of American people get into the culture. It's very different from the European mindset. So in Europe people save a lot of their money. You know, you have an excess most months, even if
it's a small excess, or you break even. What I discovered is that the average American you know, spends everything and sometimes they spend more, like on the credit cards, and they get the loans and they max everything out with monthly payments. And yeah, it's a clever financial system when times are good, but when times are bad is very very dangerous. So I start looking at that as well. Budgets. Bring those budgets down and see if you can, especially
if you can work remotely. Definitely I would move. I wouldn't stay in an expensive place where you know your house has got up massively in value. I'd look to sell it. Move a little more rurally if possible, get a really strong internet connection, and you're gonna have a much better standard of living in my opinion, especially over the next few years and then you know, if things come back in a few years time, you can always move back. You know, you're not a tree, You're not
fixed to one location. You can always sell your property and move back. Yeah. Yeah, that's a good point. I read for our work week, you know whatever, years ago, whenever that came out. One of the points that he made was that, um, nothing is irreversible. You know, nothing's irreversible. And we moved from California to Puerto Rico, and everyone thinks that's so crazy, but it's like, we're can just move back. We can just move back. So anyway, to
your point, yeah that yeah, you're not a tree. You can just move So I love that, and so I wanted to get that perspective from you. Having been to sixty five countries, it's it's important, especially to your point. You know, in the United States, the culture is a little bit different. And as I travel a bunch, I noticed that you see international people traveling a bunch, but a lot of the United States people don't travel that much.
And so it's important, important, important for that. But man, with that, I think we'll go ahead and sign it off, wrap it up. I know, we've covered a lot of topics. I appreciate you've taken the time to speak to us so much. Um Anything anything else that you want to add or draw attention to, people should follow you obviously will link to your YouTube channel. Anything else. No, I think we've covered most things. To be honest, Mark, I hope people got some some value, um, you know, from
from what we've discussed today. And I just say to everyone, keep an open mind, right, don't watch as much mainstream media. Just try and keep an open mind on most topics. And one of the best lessons I ever learned in humility was that really what we know is zero point zero zero zero zero zero, and you can keep going one person and of of what really exists in this in this world. So it's a it's a good lesson
for me to realize that I really know nothing. And people think I know a lot of stuff from all the reading and everything I do, but really I know nothing. That's that's the way I look at things like that. And when you don't take very strong stances either way on positions, and you try and remain neutral with whoever you are, whether they're a Democrat, Republican, and there they
love Joe Biden, or they love Donald Trump, whoever. You know, I try and take a very neutral stance with everyone and see and usually if you do that, you don't have strong opinions and emotional spikes to it. You usually find some common ground with everyone, which is what I personally experience. Now does everyone experience that with me? Probably not, But that's one of my sort of key takeaways for you know, for having more successful relationships. For sure. Good stuff, Neil,
thanks so much, appreciate it. Yeah, You're most welcome. Mark take right. I'll have these two and mm hmm. I could add hands Harmon Hopper as well. I think those three would be there that I need for before I'll add Ferdinand Lips. I've only read one book of his. He's only written one book. I think the book is called gold Wars, and it was highly influential on the Bitcoin standard. The Bitcoin standard was essentially to a very large extent. I think it was what Ferdinand Lips would
have written if he was fifty years younger. Um. He died in two thousand, I think, or in the late nineties, and he was a Swiss banker who worked in Switzerland in banking and Um, he wrote a book on gold has Money in the History of Gold, and he understood the significance of hard money for civilization. He understood it very well and wrote about it very eloquently in that book, and it was enormously influential for me. So I would probably say these four Yeah, Mises hop rough part and
furtherland lips nice, alright, good. I know I caught you off guard with that one, but but it was but I was good to hear that. Um cool with that. We're gonna wrap it up. I know you have that book. If you had Standard coming out really quickly, you were running a kickstarter. Is that still running or is that over? Yes, it's still running. You can you can go to my website safetan dot com slash Kickstarter or safety dot com slash t f S and Fiat Standard and you can
pre order the book right now. It will be delivered in December, but you can get the draft of the book, the almost complete the draft still gonna be some editing done, but if you order now, you'll get the draft so you can read it now in digital format, and then in December you'll get the physical book, the digital book, and the audiobook and you can get a signed copy of it. Yes, and you can get a signed copy, and essentially the signed copies my way of Um. You know,
people like donate to universities that they like. I'm sort of cutting out the middleman. And you know, if you want to support me working on these books, it takes a lot of time to write these books and I don't and I'm publishing. I'm self publishing them. Um. So instead of going to publishing house and taking an advance, I'm getting the advance essentially from my readers. So if you buy a signed copy, you get a signed copy, and you get listed in the book as one of
the supporters of the book. So please do that. Yep, I got a signed copy of the Bitcoin Standard. I'm definitely getting a copy of the signed copy of the FED standard. So I'm in. I'm gonna put the link down below for everybody. I recommend that you go do that. Um, And with that we'll go ahead and sign it off. Thanks so much, Safety, thank you so much, Mark. Pleasure to take care all right.