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Valuetainment

The Next Big Economic Crisis - UNEMPLOYMENT

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 8 February 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

The biggest crisis in 2023 can turn out to be unemployment. Try our sponsor Aura for 14 days free - https://aura.com/valuetainment to see how many times your personal information was found on the dark web today. In this episode, Patrick Bet-David reveals the 6 key factors that indicate the coming unemployment crisis.

FaceTime or Ask Patrick any questions on https://minnect.com/

Recommended video:

NEXT MARKET CRASH: 8 Ways to Prepare for Economic Collapse: https://youtu.be/PUB3pFA_RBA

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To reach the Valuetainment team, you can email: info@valuetainment.com

Transcript

Click on a timestamp to play from that location

0:00.0

So last couple years, if you read the Wall Street Journal,

0:02.3

you watch the news, you're gonna hear about inflation,

0:04.5

interest rates, everybody scared about these two numbers.

0:07.0

Inflation is so high,

0:08.0

Jerome Pahas to keep increasing interest rates.

0:09.8

What is the next big thing they're gonna talk about in 2023?

0:12.6

You ready?

0:13.5

It's unemployment.

0:14.3

Here's what we're gonna do in this video today.

0:15.5

There's multiple formulas they have to come up with unemployment.

0:18.6

I'll share those formulas with you.

0:20.0

There are six key factors that is causing this economy

0:23.5

to be an anomaly that even economies cannot predict

0:26.9

what's really gonna happen to the economy.

0:28.5

You'll see what those six things are.

0:29.7

And another thing we'll talk about is called Philips Curve.

0:32.0

It's something you need to know about

0:33.1

that has to do with unemployment.

0:34.8

All right, so let's get right into it a couple of things.

0:45.4

You'll hear people say today's unemployment rate is 3.5%,

0:48.6

but that's the U3.

0:49.6

But are U6 unemployment rate is 7.4% and people will say,

...

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