There's some really crazy stuff happening in real estate. Cause I've been a real estate investor for 20, 30 years usually was the core holding in my portfolio, but that's changed quite a bit. So let me tell you what I'm thinking. Commercially real estate is going through dramatic change. Why the pandemic change behaviors of everybody all across America. Let's just take, for example, big office towers in New York city or in Boston or Detroit or any city. You know, before the pandemic, everybody went to HQ to go to work. Everybody said, okay, let's get in the elevator with 60 people, go up to 78th floor, but that's all changed. We've proven in this economy because of COVID that many people let's say in accounting, compliance, logistics, they don't want to work in their cubicle anymore. They want to work at home and they've learned over the last year, they can do it successfully, so they don't want to come back. So that reduces the demand fo...

What our bank Bailyn's. Well, you're probably familiar with bank bail outs from the 2008 crisis and recession that emerged where the government used taxpayers' money to bail out the banks, which became one of the biggest scandals in modern history. So a bank bail in then is where the bank can legally. Take possession of your savings or your deposit and turn it into worthless banking stock. And yes, this is 100%. Legal More in VIDEO

The one thing to keep in mind is that a lot of people, no matter what the, what the situation is, we have a tendency to fight the last battle. So say we lost a sports game. We focus on you and whatever mistake we did, that's, that's, we're focusing on worrying about happening again. Same thing. When we have a recession, people always assume that the next recession is going to look like the past recession. Uh, and so what happened in the past recession that the chest nature's nine crisis and then the aftermath was that we had, like, as you pointed out, you know, central bank assets were very small percentage of GDP prior to them, uh, and banks were, were highly leveraged. Uh, and so what happened was when the private sector debt bubble blew up, so real estate values went down. All these banks were highly leveraged. They had, you know, very little cash reserves. Uh, so they, you know, they, they pretty much went and solvent. Uh, and so the federal reserve and the, and the...

Well, uh, they're, they're com things. I have a whole chapter on, um, you know, kind of investment suggestions, portfolio allocations, and all that. Uh, but, uh, the, the main thing to do is a couple of things to, they're almost constant, not quite cause it's not a set and forget a type portfolio, but you definitely, you definitely want a 10% gold. And whether it's. You know, physical bullying or, you know, some kind of fun. I, I recommend physical bullying, but, um, you know, if you have an ETF for something, at least you get price, exposure, um, gold mining shares, and you look at silver might have some of that, but I just don't recommend, um, a big slug of cash, maybe 30% cash. Um, I recommend lightening up on equities and the equities have a lock for the default. There's been a spectacular rally from March 23rd to September 2nd. We had one of the, we had the shortest bear market and the fastest returned to a bull market in history. But, uh, it doesn'...