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Rebel Capitalist News

News: Truth About The Economy Isn't What You've Been Told (Here's Proof)

Rebel Capitalist News

George Gammon

Thrive, Wealth, Gold, Finance, Macroeconomics, Education, Protect Wealth, Real Estate, Learn, Business, Investing, Government, Economics, How To

4.71K Ratings

🗓️ 22 February 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

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0:00.0

Hello, fellow rebel capitalists, hope you're well.

0:02.5

So the truth about the economy,

0:05.0

I think it's a lot different than what you are being told

0:07.9

in the mainstream media.

0:10.3

And here is some additional proof.

0:13.7

I want to shoot straight over to this article from Zero Hedge and go straight to a chart actually.

0:20.3

This is really incredible and I want to give credit where credit is due. This is from Lance Roberts and if you're on Twitter

0:28.6

If you're not following Lance you need to do so, ASAP. And he also does the podcast with my good buddy Adam Taggart, Wealthion, and he kind of does the market

0:40.1

updates every Saturday. But I think, I think it's very underrated and every time I listen to a

0:48.4

podcast that he does with Adam or you know follow some of the stuff that he's done on Zero Hedge it's it's really

0:54.3

really good and again I can't recommend following his stuff enough and this is a

1:00.3

chart from I believe this is his company real investment advice and just be clear this is not investment advice

1:11.2

You know they always throw in that disclaimer. This is not investment advice. So Lance

1:16.6

names his company real investment advice. I don't know if there was some sense of irony in the name but I think that's funny.

1:27.0

Anyway, this chart shows advance retail sales, so retail trade and food services, this is a blue line, and then the black

1:36.1

line represents all employees, total non-farm.

1:40.8

So the retail sales numbers we have on the left and the non-farm payroll numbers we see on the right.

1:50.0

Now I'm assuming this is this has got to be in the millions.

1:56.0

This has got to be 172 million or 153 million.

1:59.5

But I'm almost positive.

2:00.7

I'm 99% positive, so we'll just go ahead and go with it.

2:03.2

All right, so just striking how these lines are very, very consistent.

...

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