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Rebel Capitalist News

News: Data Reveals The BULLWHIP EFFECT Has Started

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 18 June 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom. ✅ Come to Rebel Capitalist Live here https://rebelcapitalistlive.com/   ✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

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0:00.0

Buffalo Rob Capital, Capital, Hope Your Wells.

0:02.4

Let's go right into this story.

0:04.8

We'll just roll with it.

0:05.8

Why not?

0:06.8

Bullwup effects is started.

0:09.4

Let's go over this article from Reuters and you'll see what I'm referring to.

0:12.4

And what's interesting is

0:13.2

they talk specifically about the Midwest of the United States as though this is an isolated

0:18.5

instance and I can assure you it's not. What's kind of odd about this story is they recognize the problem

0:26.3

but then they ignore that this is playing out in the rest of the country as well.

0:30.3

Let me show you exactly what I'm referring to. We do the screen share and then here we are

0:35.9

farmers financial pain spills from Kansas wheat fields to main streets. So they're talking

0:41.2

about this specific town in Kansas called Smith Center.

0:46.5

And this is June 18th, the tiny town surrounded by miles of rippling wheat fields.

0:51.1

Brady Peterson's restaurant sits near nearly empty during

0:54.9

what should be a Saturday lunch rush. Normally, Pete's would be filled with farmers

1:00.0

ordering chicken and cheeseburgers, but as farm income thin so does Peterson's business.

1:06.1

Okay, so the setup here is we've got a small business that is seeing a decline in revenue, a decline in customers,

1:15.0

because what's happening is those customers have less and less money to spend.

1:20.0

In other words, their purchasing power is declining.

1:23.4

We've talked about that a lot lately on this channel,

1:26.8

but not just with farmers, with society as a whole.

...

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