so what actually is the great reset well the great
reset as it stands right now is a proposal for all world leaders and countries to dramatically alter
and shift aka reset their economic philosophies towards a one united global economy while that
sounds great in theory right we're using words like unite and global let's actually break it
down and actually see it for what it really is hey what's going on guys this is Daniel one half
of the Kwak Brothers and well last video we talked about the great reset but we really didn't
talk about the specifics what it actually is we talked about a lot of general aspects and
kind of my thoughts to it but in this video we're going to be talking about the three main
components on what the great reset actually is straight from the world economic forums article
we're also going to talk about the housing market and also how do we not just as real estate
investors but investors in general how do we respond how do we respond to all the stuff that's
happening with the economic current landscape and also how do we respond to a potential great
reset initiative happening in 2021 so without further ado let's go ahead and get right into it
so here are the three main components of the great reset and guys i'm actually reading it straight
out of the article from the world economic forum here's component number one the first would
steer the market towards fairer outcomes to this end governments should improve coordination for
example tax regulatory and fiscal policy upgrade trade arrangements and create the conditions for
a stakeholder economy at the time of diminishing tax bases and soaring public debt governments
have a powerful incentive to pursue such action moreover governments should implement long overdue
reforms that promote more equitable outcomes depending on the country these may include changes
to wealth taxes the withdrawal of fossil fuel subsidies and new rule governing intellectual
property trade and competition so here's kind of my thoughts and breakdown on what we just
read in the first component so guys i mentioned this in the last video that i believe in equal
opportunity as opposed to equal outcome equal outcome is dang near impossible to create because
well think about the differences that people have in today's economy right it pretty much just
means that the guy who's working 14 hours a day to create value for his community and provide
a better living is going to make the same amount as the guy who chooses to sit on his couch all day
and just watch the prices right while eating honey bon bons right nothing against bon bons but let's
be real guys that situation is not necessarily the fairest equation right it's not the most fair
scenario and well as i mentioned in the last video i mean this is textbook communism where everybody
gets the same amount of money aka equal outcomes and i don't know if you notice but in the first
proponent and the first component of the great reset that fairer outcome is mentioned twice right
first it said in the first sentence more towards fair outcome and then in the second paragraph
where it says equitable outcomes that promote more equitable quote-unquote outcomes the more
outcomes seems to come up a lot right and another aspect that i want to point out in the first right
it says in tax regulatory and fiscal policies well what does that mean right well fiscal policy is
government spending right as opposed to monetary policies with more with you know the federal and
regulatory well that's regulatory with governments laying out regulations on the private sector such
as private companies that provide value for the world and also our local economy so all this is
pretty much predicated on what i said last week as well which is pretty much that the government
doesn't own anything right they're pretty much the great reset initiative is to encourage government
to not only regulate the private sector regulate people like me and you hard-working americans
but also to regulate and tax more frequently people like me and you again the hard-working
americans so they're looking to increase tax and again repeating last week's video the government
does not own anything everything that they own is pretty much what they stole and i'm gonna use
that word stole for a very good reason from people like me and you from the private sector okay
let's move on to the components number two and components number three all right so according to
the article again reading straight from the world economic forum proponent number two is that
the second component of a great reset agenda would ensure that investments advanced shared
goals such as equality and sustainability the third and final priority of the great reset
agenda is to harness the innovations of the fourth industrial revolution to support the public good
so again we're using a lot of great words like you know unity and the public good and harness but
let's actually break down what it actually is and here are my thoughts on that so what they're
saying is pretty much stripping us of our right and liberty to be able to start businesses
and create wealth for ourselves i mean it's pretty simple right when we read word for word
what it says in the components right ensure that investments advance share goals such as
equality and sustainability which pretty much means that they're wanting to regulate and control
everything that we invest our money into right because well that's just the narrative right
because what if you said well i want to invest into real estate right and i want to be able
to have rental properties so that you know my family can have cash flow so i could help
mitigate my time and all the any reasons that anybody would want to invest into anything
whether it's stocks real estate bonds mutual funds you name it they can go well it's very easy it's
not it's not supporting the public good right as in their words it's not uh it's not sharing
equality and sustainability right there's no advancement of our shared goals so you can't
do that however you can invest into this thing which by the way uh does you no good and actually
ends up helping us and it gives us more control and it helps quote-unquote everybody and it's
better for the public good which leads me to component number three right which for word it's
the third and final priority of the great reset agenda is to harness the innovations of the fourth
industrial revolution to support the public good again using the narrative of the public good
to gain control of the private sector and our wealth and your wealth and pretty much what
it is and they're using this narrative of hey all your debts are going to be paid off right whether
it's student loans whether it's credit card debt whether whatever it is right we're gonna take
care of that debt for you well guess what guys if if you control the debt right if you own the
debt of somebody else guess what happens you own that person you control that person right it's
everywhere whether it be the bible whether it be you know common economic loss if you control
the debt of something you control that person you control that investment and that's something
that we cannot forget we always have to have that in the back of our minds okay so here's what i got
out of point number three right point number three being harnessing the innovations of the fourth
industrial revolution so here's my thought and takeaway from point number three i think this
pretty much means the deprivatizing or heavily regulating and controlling every industry pretty
much in the world right it takes power away from the people because well let's take a look at what
capitalism looks like right now right and guys obviously at this point you know that i'm a big
fan of capitalism let's look at how capitalism works right you have a company whether it be
public or private and whether it be public or private you have shareholders being involved
in that company now they are either public shareholders or private shareholders well guess
what guys those shareholders are shareholders because they have buy-in right whether it's they
bought the shares through capital through money or they put in sweat equity meaning they put
in time which i believe is the more valuable currency they put in the time and their sweat
equity to be a shareholder and those shareholders are then in part make the decisions they all have
a voice because they have a buy-in in that company well under the great reset agenda the government
and the overall public have influence and control over that company as opposed to the shareholders
well i have a big problem with that because well the government and the public should not have any
influence or control over that business as opposed to the shareholders who bought in and also put
their time effort sweat tears money you name it into succeeding that business and into making
that business great right in my opinion those people who are bought in should have
more of a say an influence and have control over that business because they're the ones who
invested into it as opposed to the government and the public my second thought and breakdown
of point number three and component number three of the great reset is that time and time again
history has shown us that the private sector outperforms the public sector in almost every
single category of getting something done whatever industry you choose so for example let's
go ahead and look at the space industry so let's go to compare apples to apples an organization
called nasa that's been around for 62 years and it's a government organization it's a government
entity government funded government everything and let's compare it to a company called spacex
right which is founded by one of my favorite entrepreneurs elon musk and it is obviously a
privately held company so i got some facts and figures for you guys here so between 1960 and
1973 nasa the government organization spent 28 billion developing the rockets adjusted
for inflation today that equals to 288.1 billion dollars however on the other hand of the
spectrum the falcon 9 created by spacex costs 50 million to build and it's also a reusable rocket
which by the way nasa never figured out in their 62 years of existence and not only that spacex
also has initiatives to use their technology and resources to help with the world's greatest
problems one of those being climate change so even in the space industry if you compare nasa
compared to spacex apples to apples you'll see that spacex not only created their rockets much
more efficiently and they also had significantly better research findings in terms of being able
to have a reusable rocket but they also did it at literally a fraction of the cost and also
fraction of the labor and fraction of the resources not to mention that they're using their
resources and technology to help with the world's greatest problems such as energy climate change
you name it so we just covered in detail the three main components of the great reset and
we talked a little bit more about what it is but well how does this affect us right how does
this affect us as investors and what's going to happen moving forward well in theory right and
i'm not going to say just to speculate but i think this is genuinely true if there was ever a time
right to initiate something like the great reset or the new world order if there was ever a time
to do it if you really think about it now is kind of the perfect time to do it i mean think about
where we're at now right especially with housing and the economy let's start with retail right
so as of mid july 2020 14 500 stores were closed just in this year as of mid july 2020.
Actually
coresight goes as far as to project over 25 000 store closing to happen before the end of 2020.
now guys obviously this leads to a lot of things it leads to a lot of defaults and delinquencies
with commercial mortgages it also leads to a lot of commercial mortgage-backed securities failing
along with reits and other real estate funds that rely on the returns of retail hotels you name it
stores everything in general now for retailers that haven't closed as of mid-november existing
retailers have already racked up approximately 52 billion dollars guys in this rent 52 billion
dollars in missed rent as of mid-november 2020 now again guys that's stores that haven't
closed that's not counting the 14 500 stores that have already closed as of mid july you're
talking about the stores that are surviving right now there's 52 billion dollars in this rent and of
course having said that bankruptcies are expected to skyrocket as we lead into 2021.
Now let's look
at the rental industry including single-family houses and multi-family rentals now guys this data
is according to the aspen institute here we go pre-covered and this study was done in 2018 20.8
million renter households which represents 47.5 of all rental households in the united states
were already rental costs burdened meaning that more than 30 percent of their household
income was going towards their rent and guys like i said this affordable housing crisis was already
happening before the pandemic it was already happening and this merely just accelerated right
let's move on when the pandemic began 10.9 million renter households which represent 25 of all rental
households in the united states were spending over 50 percent over half of their household income
on rent each month now guys presently mom and pop landlords which are not institutional
landlords right not big real estate companies or big royalty firms or big real estate funds
they own mom and pop owned 22.7 million rental units out of the 48.5 million available rental
units in the united states that's representing 47 of all rental units well guess what guys out of
those 22.7 million rental units owned by mom and pop right again this is 47 of all rental units
58 of those individuals of those mom-and-pop landlords do not have access to any line of
credit or liquidity cash to help them through any instances or any crisis that's going to happen
with eviction now guys keep in mind that evictions cost significantly more for landlords than they
do tenants right as a landlord i don't want to do you know i don't want to evict a tenant that's
the last resort for me right because i got to pay um you know the cost of eviction i got to pay
legal fees i got to pay uh what's known as a turnover cost which means that all the stuff that
i have to do as a landlord to get a tenant out and move another tenant in right i have to redo
the carpet clean the place i got to pay for all these things it costs a lot more for a landlord
to evict somebody than it does a tenant a landlord does not want to go through that but obviously
right now it looks to be inevitable right okay let's move on with the data okay and expected 1.3
million american households uh are to be behind on rent and they're expected to owe 7.2 billion
dollars total by the end of 2020.
Now guys here's a statistic that affects everyone according
to yahoo finance about 5.8 million adults say that they are somewhat too likely to face
eviction or foreclosure in the next two months according to a survey completed on november 9th by
the u.s census bureau that accounts for a third of the 17.8 million adults in households that are
behind on rent or mortgage payments meaning that for all those individuals that are behind on rent
or mortgage payments which is 17.8 million adults in households um one-third right one-third
is expected to face eviction or foreclosure in the next two months guys that's just the next
two months so what does this all mean right where do we go as investors you guys have just heard me
talk about doom and gloom facts and data and well as this is all true i'm sure you guys are asking
the question at this point well daniel what does that all mean right where do we go what are our
next action steps where should we invest into well guys let me give you my thoughts and opinions by
saying that throughout my days of research i have found that the most historically stable thing to
invest into are tangible assets right well what does tangible assets mean well tangible assets is
something that you can actually feel touch and you know it's not going to go away because at the end
of the day what are bonds stocks mutual funds well i think they're just pieces of paper they're a
bunch of letters on a screen and one of the things i love about investing in real estate is that well
it's an actual building you can go to the building and touch it right there's bricks and mortar
the tenants are real you can touch the grass right on the property and best of all it's giving
you cash flow off of something that is a human need which is a roof over our head right it's
shelter we all need shelter and the building itself is tangible well having said that real
estate investing being the primary tangible asset ever since the beginning of mankind right ever
since the first person rented out their first cave whatever that means there's two ways to go about
investing in real estate you can either do it passively or you can either do it actively now for
those of you guys that are interested in investing passively guys i actually constructed and created
a free training it's a free ebook it's very short it's only about nine pages long on how to properly
passively invest in real estate without being hurt and also mitigating your risk i want you guys
to check out the link in the description again it's completely free it's my gift to you happy
holidays merry christmas whatever you say happy kwanzaa hanukkah whatever you want to celebrate
right but from me to you merry christmas right it's a free gift on how to invest passively
in real estate now the second way to do it is invest actively now guys for those of you guys
that want to do it yourself you want to get your own rental properties you want to invest in real
estate yourself i've actually took the pleasure of writing a 290 page book titled zero to 75 units
in one year how myself my brother and my team went from zero to 75 rental units all in one year
it's 290 pages of case studies techniques stories uh everything pretty much that i did to go from
zero to 75 rental units in one year the best part of all guys the book is absolutely free all you
guys gotta do is just go to zero to 75 units.com the link is also in the description below and you
guys will get the book all you gotta do is just pay for shipping so again it's my gift to you so
again happy holidays merry christmas and of course as my friend alex jones will say don't forget
to like this video share it with your friends and also subscribe to our youtube channel at the
clock brothers i'll see you guys in the next one
