Could Housing Crash? | ZFS 92

Everybody on TikTok is telling you the housing market is collapsing. 227,000 foreclosures. Homes crashing 80 to 90%. A $1.5 million house selling for $300,000. I went through the three most viral clips making these claims and I brought something none of them did. Math.

Here is what is actually happening. Those 227,000 are foreclosure filings, not completed foreclosures. There is a massive difference. Back in 2010 there were 1.65 million filings and most of them never became foreclosures. Right now only 1.26% of homeowners are 30 or more days past due on their mortgage. In 2012 that number was 14%. We are nowhere near a crash by the actual data.

I also explain why most homeowners today are structurally protected. If you bought or refinanced before 2023 you have a low mortgage payment and real equity, which means even if you struggle you can sell and walk away with money instead of getting foreclosed on. That is the opposite of 2008.

And here is the part nobody wants to hear. The only two times housing has actually crashed 20% or more in American history were the Great Depression and the 2008 financial crisis. Both times it took mass unemployment to get there. A crash does not help the working class. It transfers assets from struggling families to the people who already own everything. Be careful what you wish for.

I close with the Iran war, the Strait of Hormuz still being choked off, and Trump's latest truth threatening to bomb Iranian infrastructure every time a ship gets hit.

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SPEAKER_15 0:00

Is the housing market set to crash? Is the Iran war gonna affect inflation and maybe help lead that along? What's going on in Iran? What's going on with oil? And will you ever be able to afford a house? Hi, my name is Zachary Faust. Welcome to episode number 92 of the Zach Faust Show as we creep around to our hundredth episode. Big shout out to all of our subscribers and those hitting those algorithmic buttons, making sure that YouTube somehow puts us somewhere because the algorithm's not helping us out too heavy. Thank you for being here in this wacky, wacky world. We're gonna start today's podcast, and as we're gonna have quite a few others, with a video uh from a good friend, real Eric. He's a fantastic follow on Instagram. Uh, but today he's reviewing another person's video about the housing market and how it's set to crash. Let's listen.

SPEAKER_01 0:52

I just passed another house in my neighborhood where they had it listed for several months and they just took it off. And I think that's around four, maybe five, just in the area that I'm at where they listed their home. They couldn't sell it, they took it off the market. And I think the powers that be don't want to tell you just how bad the economy is, specifically the housing market. Anyway, after this video, I would love to know your thoughts. My buddy works in Dallas.

SPEAKER_15 1:20

Pause it real quick. One thing he said there that I want to be clear that I definitely agree with because Eric's reviewing a video here. I don't know if this is actually his take. Um, this Dre guy is going to be the one talking here. But what he just said is they don't want us to know how bad it is underneath the surface of the economy. Fully agree with that. Inflation numbers, job numbers, fully agree. Let's keep going.

SPEAKER_06 1:43

And he works for a bank, and he said to me, Drayton, we have so many houses that we could close and foreclosure that we're not because we don't know what to do. We literally have thousands and thousands and thousands of homes we could close on tomorrow. We could foreclose tomorrow. There are some people that haven't made a payment in over a year. He goes, thousands of people haven't made a payment in six months. But the bank doesn't know what to do. The bank can't, the bank's like, if we we close on all of them, we put the people out, we don't have people to put in the houses. So now we have empty houses. So banks don't know what to do. That's how bad it is. Just in the Dallas area. I'm just, I'm not talking San Antonio, Austin. I'm talking about just the Dallas Fort Worth area. Thousands of homes that are way behind on payments. Payments haven't been made in over a year. And the banks are not foreclosing yet because they simply don't know what to do. They have so many that they don't have a plan on what to do if all those thousands of houses were empty. That's how bad it's getting.

SPEAKER_15 3:12

Okay. That's how bad it's getting. So just to be clear, this guy, I don't I don't know this guy from Adam. I've seen his content before. It's not the first time I've seen this person talk about a crash before. Okay, not the first time. And also not real Eric's take. He's reviewing it. He doesn't really give a comment. He says, What's your thoughts at the end? So don't want to drag him into this. But notice all the sourcing that was brought to the table. I mean, trust me, bro, it would probably be the most appropriate source to label this as because there isn't any documentation, any email, any text chain, anything showcasing this person he's talking to is legitimate. Uh, could be, but also he does bring up the fact that this is strictly Texas, Dallas Fort Worth area, Texas. So let's bring up a regional map real quick to look at home price increasing and decreasing year over year over the entire nation. So I want to bring something up visually that we've talked about many times. And what we've said is the West, the South, and areas like Florida, Georgia, South Carolina, Louisiana, South Carolina, I'm sorry, yeah, I already said South Carolina, affected by hurricane type areas are seeing price compression. We can look at Texas right here. Texas has had a 1.6% decrease in pricing year over year. So they have a deflating market. That's true. If we look at Georgia, South Carolina, even see Mississippi at zero, Louisiana losing home value. Florida nearly leading the charge at 2.8%. By the way, just out of curiosity, if you were wondering, the state that has the most homes for sale right now in America is Florida. One out, this is a crazy stat. It's true. One out of every seven homes that is publicly listed on the market in America right now, one out of seven are in Florida. That's nuts. There's 50 states, but one out of seven is in Florida. Completely different market down there. They have tax issues, home insurance issues, hurricane issues. Texas had a large slew of people coming over from the western states as well, really, since COVID. And we can see those western states losing people. California, Oregon are not increasing in price point. Makes sense. Even Colorado is starting to see a dip. All I'm saying real estate's regional. And so if we do see an uptick maybe in foreclosures in a specific state, my first question would be well, is that one of the states that has seen an increase in inventory, a stark decrease in buyer demand, even more so than a nation? And does that match up with the foreclosure map? So if we were to look at the let's go to the next tab real fast, the one with the red. Perfect. This is the foreclosure map. We see South Carolina, we see Florida, we see Texas, we see Nevada, we see California, we see a lot of the states that are also seeing that price problem. They're seeing more foreclosures. By the way, shout out Delaware randomly being in this. Big shout out to the home state of Delaware being sixth in the nation right now, one out of every 2,699 housing units going into foreclosure. Now, let's pause real fast so that we all understand what we're look uh talking about here. When we're looking at foreclosures, there's there's three different things that can be monitored. One, there's the initial foreclosure delinquency. These are those that have not made a payment in one to two months, 30 to 60 days. There's also a foreclosure filing. Depending on the state, this is when the bank officially says, hey, it has been too long. We're letting you know if we don't get our money soon, we're going to foreclose on the home. And then a foreclosure uh yeah, foreclosure closing means that they've physically closed on it. It's completed. The home is now in the possession of the bank. Now, in this last video we watched, he would be talking about those that have had foreclosure filings put up against them. They have not made payments in six months to 12 months. Is this happening? Well, the short answer is yes. Banks are absolutely reorganizing mortgages, reallocating assets to ensure they don't have to foreclose on these homes. But I don't think it's nearly as many homes as maybe we think. Mainly because let's go back to the uh last hab real quick. We're not seeing a humongous surplus in those that are 30 or more days past due on their mortgage. I believe this only goes back to 2012, unfortunately. I wish we could have seen more. Uh, but quarter three of 2012, we can see that the percentage of residential homeowners that were 30 or more days past due on their mortgage, again, this is two years past the peak of 2010 and four years since 2008. In quarter three of 2012, the rate was 13.98%. Let's call it 14%. 14% of residential owners were one or more months behind on their mortgage. Let's compare that to today. If we go to today, we'll see that the percentage in quarter one of 2026 is 1.26%. These aren't foreclosures, these aren't even foreclosure filings. These are individuals that are 30 to 60 days or more pass due on their mortgage. They've missed at least one payment. Not a significant number right there. So do I think that there's a humongous outpouring of foreclosures that are gonna hit nationwide? This data doesn't suggest it. Could the Fed be withholding this data? Sure, but I don't have any data to support that tinfoil. I wish I did, but I don't. Now, if we go to this graph, which we have purchased from the National Association of Realtors, it's data on the past years of housing affordability. And here's why I want to bring this up, okay? Because foreclosures happen when those that cannot afford their home anymore simultaneously cannot sell it. So let me paint the picture. You bought a home, and let's say your mortgage payment was $2,000. You bought that home with a $2,000 mortgage. Let's just say in 2023, you bought that home assuming and hoping and praying that interest rates would come down and eventually you'd be able to refine your mortgage and get a lower mortgage payment that is more suitable for your current income status. All right. You're in that scenario. Now, flash forward three years later, rates have not dropped, things have continued to get more expensive, and frankly, your wages haven't gone up. Now you may be in a position where you cannot make payments on your home. In this scenario, you really only have two options. You can short sale it with permission of the bank to sell it for less than what it is worth, especially if you bought it in the peak of 2023, 2024, it may be now worth less than what you bought it for. And you can't refi because frankly, your mortgage payment would be the same, if not higher. So let me be very clear here. If you're in a scenario of not being able to pay on your mortgage and not be able to sell it because you simply don't own enough of it, and maybe it's worth even less than when you bought it for, you may have to foreclose. Very real. You may have to foreclose or short sale your home. And I hate when that happens. I hate receiving those phone calls. I hate when those clients call in and say they have to do this because they're going into foreclosure and they need help. I hate those calls. And we do everything at our company to ensure we were never, especially in that peak of 2021 through 2023, selling people homes they wouldn't be able to afford for the long term. Now, I want to bring up this graph real quick to show you the opposite end of the spectrum. There are also people out there right now, because everybody's suffering from higher price points, that bought before 2023. Now, why is that a big difference? Because if you bought before 2023, you are not more than likely going to be in a situation where foreclosure is ever a consideration. Why? Because if you bought a home, let's say in September of 2020, you bought a home, let's say for 270 grand, you more than likely had a $1,400 mortgage, all in, taxes and insurance, and you had a mortgage you could afford. Flash forward to 2026. That home you bought six years ago in September of 2020 with that $1,400 mortgage, that mortgage is still $1,400. Your home, though, is probably now worth $400,000. Meaning what? Meaning I'm never going to see that person be in a foreclosure scenario. Why? Because they're not in a position where they cannot sell if they cannot pay. 2008 was humongous because there was a lot of people who could not pay their mortgage that had no option but to sell and couldn't get the price they needed. In today's day and age, because we have such a lack of affordable, affordable supply, if I wanted to sell a home for $400,000 that someone bought for $250, maybe I'll only get $380 for it, but they'll be able to sell it. They'll be able to sell it. They'll be able to get the money out of the property. They'll be able to get out from under that mortgage, and they'll be okay. Maybe they're living with family, maybe they're living with friends, maybe they got a rent, maybe whatever, but they're not gonna foreclose. So if we look at this graph real quick, I've marked in red the three years where rates began to go higher all after prices had gone higher. In 2024, if you were to have bought the median home in America, the median home was $412,000 at a 6.81% interest rate, according to the National Association of Realtors. Meaning you had to make a qualifying income minimum. You had the meet the minimum of income. Scroll back down real quick. Of a hundred and three thousand, three, it's right there in red. $103,318 is what you'd have to make to afford the home then. So you can stand to imagine that those who needed to make that much in order to afford the home, because if we look at the other red bar down the road, we'll see that the mortgage payment without taxes and insurance would be $2,152. Someone who had to make more to get into that median home is gonna be in a tighter financial position and more than likely aren't going to see a lot of home price improvement in that time period. And it's gonna lead them to the potential of maybe needing to foreclose. Maybe. But let's look at before that. Let's look at 2023. You needed to make $99,000 to buy a home, and the principal and interest payment would be about $2,071. So in 2022, as we ended it, it got a little worse, but toward the beginning was still a little favorable. The qualifying income was only $84,699 in 2022, meaning your mortgage payment without taxes and without insurance would be $1,765. Okay, now this is the group of people, the people who bought during this time frame who may very well be in a position where rates didn't drop, prices didn't increase dramatically, and now they may be stuck. Foreclosure might be an option. But hear me, let's look at 2021 and before. In 2021, the median home price was $357,100 at a 3% interest rate on median. That means the qualifying income needed to buy that home was $57,682. Compare that to 2024 and today we're over $100K. It's $57,862. Their mortgage payment without taxes and insurance on a fixed loan in 2021, the median was $1,205. So you can see over about a three to four year span, it's doubled. The year before that, median income required $49,675. Under $50K. Mortgage payment, $1,035. More than double today. So hear me. Are there people that are gonna have to foreclose? Yes, but the majority of those that own real estate right now either bought or refinanced before the rates increased in 2023. And to show that more, let's look at this next graph. Next graph shows mortgage originations, purchases, and mortgage refinances over a period of time. What we can see here is the dark blue is the refi, the light blue is the purchase, and the yellow line going across is the 30-year fixed mortgage rate. We can see as we entered into 2020, as rates got abominably low into the sub-3% rate on average, everybody and their mother was refining or purchasing a home. And if you were just getting out of college during that point, why weren't you buying a multiplex? If you were just getting out of high school, you should have been buying investment properties in middle school. That is your fault. That is your fault. Just be clear, I blame you for that. You could have gotten a refi on a home during that time period that would alleged at a $1,200 mortgage payment, but now today it's nearly doubled. We've met had many episodes as to why that is, but the point of this being is there are not a lot of people out there that possess these really, really high mortgage payments that would force them to sell, that would force them in the foreclosure, because even if people that did buy or refi before 2020, 2021, 2022 were facing financial struggles. Well, here's the thing: they have money in their home, so they can sell it and make money. Even if they got to sell it for less, they're still gonna make money. And they have a mortgage payment that isn't driving them crazy. So a lot of people that though are struggling, uh it's a $1,400 payment. That's about the same to have a child go through child care today. They're making it happen. So the mass wave of foreclosures that we want or that this person is talking about, I just don't see happening. At least not with the current numbers. Let's go to our next video clip. Next video clip from Darren Francis Finance. This one went nuclear over there on TikTok. Let's hear what Francis has to say.

SPEAKER_09 17:39

Seeing the housing market absolutely fall apart as 227,000 properties were foreclosed on just in the first half of this year. This marks a 21% increase from last year, and we're only halfway through the year. And at the same time, we're also seeing home sellers outnumber home buyers by 630,000, which is now the largest gap ever recorded in history. So I know a lot of people don't like to admit it, but the housing market is clearly collapsing, and it's really just the start. Very simply, people can't afford to pay their bills because of the hyperinflation from the war.

SPEAKER_15 18:12

And of course, real quick. Remember what we said at the beginning, there's three different types of uh quote unquote foreclosures or or financial struggle that we can see within the mortgage payers market. It is those with 30 to 60 day plus delinquencies, those with foreclosure filings, meaning the bank has said, Hey, we see you're not paying, let's get up to date, and then actual foreclosures when they state, hey, we're we're taking back the house. Play this video again real quick from the beginning. Oh, go back to we have we might have to restart it. I want that headline right up there. My bad. Let's pause it right as that headline goes.

SPEAKER_09 18:54

Absolutely fall apart.

SPEAKER_15 18:55

As two hundred So it says he says the U.S. housing market is falling apart as two hundred and twenty-seven thousand properties have been foreclosed on just in the first half of 2026. Sean, can you read that headline though, real fast for me? Not like a content creator, but actually read the headline.

SPEAKER_16 19:13

You want to read as fast as I can?

SPEAKER_15 19:15

No. Just accurately and in full.

SPEAKER_16 19:19

Um US has is doing bad. No, just actually read it for me. Oh, okay. US has more than 227,000 properties, property foreclosures, filings in the first half of 2026. I thought you were just make making a joke. I was like, all right, yeah.

SPEAKER_15 19:34

No, I want us to all hear it because you said the word, did you say the word filings in there?

SPEAKER_16 19:40

Fillings, filings, filings, foreclosure filings, foreclosure filings. Yeah, yeah, yeah, yeah.

SPEAKER_15 19:45

Which isn't a completed foreclosure. No. But yet the beginning of this video states 227,000 properties have gone into foreclosure, and that's just not the case. And no hate toward this gentleman. I've I've never met or seen his content. And you know, I can speak on things sometimes that do require more nuance than maybe I'm privy to, but we can't talk about these financial items without nuance. And the nuance here is it's not foreclosures, it's filings. And filings simply mean there are people in financial stress, but this isn't a number that we haven't seen peak up before. Let's go to this first graph real fast. This first graph shows from 2005 to 2025, US completed foreclosures. These are properties that are now purchased, taken over by the bank. They're ours now. We're gonna be selling them. Sean, do you see the number in 2025 as being close to any other piece of this graph?

SPEAKER_10 20:50

No.

SPEAKER_15 20:51

Is there a part on this graph that seems to peak higher than others?

SPEAKER_16 20:55

Yes.

SPEAKER_15 20:56

Yeah. 2010. 2010 was the largest. Many people will say 2008. Actually, there were more in 2010. The job market was worse in 2010. Home prices actually stopped declining by about mid-2009. Uh, most of the home price decreasing happened between 2006 and 2007. Fun facts. But regardless of that, we can see there was a humongous amount of foreclosures happening every single quarter, whereas now we're not seeing that. At least not yet. Okay, we're not seeing that, at least not yet. And this graph doesn't include quarter four of 2025 or quarter one of 2026. So let's go to the next one. This is including 2026. In fact, it's based off the same exact data that the man previously was mentioning. This is Adam data. Uh, Adam's a fantastic real estate data source. So, of all things to critique, I would never critique Adam, A T T O M, if you're ever looking for good real estate number sourcing. This is the first half of the year, January to June, for clients. Closure activity, meaning, and it says right there in parentheses, properties with foreclosure filings. Filings. Let's go back to the last graph real fast just so we can see the difference. So this graph peaks uh just under 300,000. Let's call it 290, 290,000 completed foreclosures. Let's go back to the realtor.com graph and we'll see that it actually in 2010 peaked in terms of filings at 1.65 million. 1.65 million is where the peak would be. That's a ton of filings when we didn't actually see that many foreclosures. We did not see those 1.6 million homes actually go to foreclosure. These were filings. Of course, some went to foreclosure, some remained delinquent for a time, but not all would make it to foreclosure. And we could assume the same about today, because if we look at 2026, we see 227,548 foreclosure filings. A lot of Twitter headlines that I'm saying right now are saying, oh my goodness, foreclosure filings are higher than 2025. And oh my gosh, 2025, it was higher than 2024. And in 2024, it was higher than 2023. It's been going up every single year by 15, 20%. And those are the numbers you see. Like it's up 21%. The thing about that is, is what number did it increase from that caused that 21%? Let's go back to the graph real fast. We'll see. Look, 2022, 2023, it increased.

SPEAKER_14 23:39

2024, 2025, 2026. It went up 40,000 from last year. Is that a significant amount? Grand scheme of things? Maybe. Not a lot, though.

SPEAKER_15 23:53

It's not a lot. It's not nearly what we saw leading up to and during the crash of 2008. That many people memorialize is that opportunity that we just missed out on to be able to get a McMansion for 20 grand. Next graph we'll see another one showing also the foreclosure rate attached to it. And I like this one because it also shows 2025 to or 2005-2006. And this is where I devils advocate myself slightly. Because one thing you'll notice about this graph, one thing you'll notice about an unemployment graph, one thing you'll notice about a job openings graph, uh layoff graph. Usually, as we look through history, there isn't some giant uptick until the crash is here. And we can look at these numbers like unemployment and foreclosure filings as much as we'd like, but they're not going to spike until the shit's here. Many would argue it is here, but if you look at the numbers, it doesn't look here. Now, here we look at 2005. In 2005, over the entire year, there were 532,833 foreclosure filings in the US. But if we look at 2025, we had 367,460. In 2026, could we get to that half a million number like we got to two in 2005? And if we do, would we then see it go to three quarters of a million like it did in 2006? Because we saw from 2006 to 2007, it would nearly double. And then from 2007 to 2008, it would nearly double again. So it happens fast. And again, the bus you don't see coming is the one that's gonna kill you. So are we missing the bus? Maybe. Is there a giant crash in the future that is let off an AI bubble pop? Uh, but that would more mirror like a dot-com bubble crash, not a housing market crash. Are there banks that are set to topple over just like what happened in 2008? Maybe so. But here's one thing I can guarantee for us, guys. Here's one thing I can guarantee, and you know we like history on this show. There's only two times that the housing market has crashed. Do you know that? There's only two times in US housing market history where we have suffered a crash, meaning nationally speaking, 20% or more in home price decrease. In a quick amount of time. Only two times that's happened. Now, I say that to say most people who hear about home price crashes want it to be 40, 50, 60%. You want the $400,000 home to be 200 again, 250 again, and I hear you. But I also want to throw some facts on the on the on the craps table for you, just to examine at your own leisure, to show you that it's only happened twice. And the two times that it happened, it didn't crash 40 and 50%. It crashed about 20 to 25%. And the other thing that's guaranteed to be true with any crashes, let's click on the next tab, is that the first time that the housing market crashed, which was the Great Depression, in 1993, the US unemployment rate had risen to 25%. About one-third of farmers had lost their land, and 9,000 of its 25,000, read that number again. 9,000 of its 25,000 banks had gone out of business. A third of farmers, one out of four people who are ready to work in America could not find work. That caused home prices to crash. Do we want that for the working class? Is that optimal for the working class? Let me tell you right now, if you want a home to be affordable again, if you want a housing market crash to be the proponent that makes that happen, we have to look at the history. The two times it has happened has been the Great Depression in 1929 to 1935 and the Great Financial Crisis from 2006 in through 2010. Both times home prices crashed 20 plus percent, the only two times on record. But also, both times we had unemployment that created that scenario. The normal working class could not afford to hold on to their assets anymore. They were forced to sell for whatever prices they could get below market value, obviously. And the people that bought them up go figure are the ones that were not impacted by the fixed income labor market, the ones that held assets, the ones that own big companies, the ones in 2008, they got all the bailouts. We saw it even happen in COVID with PPP, where the money that gets printed or added to our system goes to the top, the elites get socialism and the families get foreclosed on. A crash, even if it were to happen. General a lot of people want it to happen. I want affordable homes for everybody too. But if it were to happen based off history, what I would say is the working class would not benefit from it. It would only exacerbate this wealth gap problem. And we have math to show that. Another one's unemployment. Unemployment is one of those things that, again, as we look at all the gray areas on this graph, we'll see. The gray areas meaning recession, it sent unemployment up. But notice almost every single one of these, the unemployment did not start ticking up until the recession was already here. In one way or another, the crash would happen, the recession would begin, and the unemployment rate would start to tick up, the layoffs would start to tick up, the let's figure out how to save more money at this company and stay alive during this bad economic time. Usually the first thing they do is cut people off. Are we seeing that right now? No. Could it happen within the next year or two? Yes. Because as we see from this graph, when it moves up, it moves up fast. When it moves up, it moves up fast. So not as many foreclosures as is being perpetuated. Um and speaking of perpetuation, the most viral clip I found of the three around the housing market right now that were posted within the last few weeks, was this one by a gentleman, super car trades, which by the way, personally, you're not gonna see me make a bunch of posts about the automotive industry. Because I don't know about the automotive industry. Not enough to make a post, especially a prediction around the future of the market. This man says he is uh as an automotive guy. He's gonna make a post about housing. Can we just play this for I'm not I'm done introduing it? Can we just play this clip?

SPEAKER_16 30:43

This is because you I don't think you're right about any of this, man. I think houses are gonna be affordable soon, and uh this guy just told me about it.

SPEAKER_14 30:59

So I'm gonna get a beach house here soon. Can we go back to the leg house he was showing real fast? The United States Housing. No, I don't want to hear his voice.

SPEAKER_16 31:14

Hey, look at this.

SPEAKER_13 31:16

Did he make it? So he so he made a picture, he went on the Zillow and he created a price reduction.

SPEAKER_15 31:22

That I mean, unless if someone can find out this really exists, please let me know, but it also doesn't show the address, which makes me feel like it was written over.

SPEAKER_16 31:29

Um, look right here. There's like a little bit of something under here.

SPEAKER_15 31:34

Little dashy dash. I don't know. That could mean something to do with it's six and a half or something like that, or maybe here's the definition of baths. I don't I don't know. We'd have to go to the actual page to see what that is. Um I hate the misleading. I really hate the misleading. And we talk about this often, especially like last time when we talked about the immigration with housing. I cannot stand when we give a a reason A to either be angry at the market and not give the right stats on who to be angry at, or B, we utilize some form or fashion of data that we've cotton together to show something is going to happen when there's no real way that could happen. 80 to 90 percent home price drops?

SPEAKER_14 32:14

80 to 90 percent. Brother, a nuke would have had to have hit Wisconsin. What are we talking about?

SPEAKER_02 32:25

Let's keep playing this out to collapse, which means homes that would usually cost 1.5 million dollars will now be selling for only $300,000. This is because the US housing market has reached its most unaffordable prices in history, and data is showing that this collapse is going to crash it way worse than 2008, which would send us back over 80 to 90 percent. And with the market as hyperinflated as it is in the current bubble that we are at, it looks like we can see a retracement of 80 to 90 percent. The data is not lying in a couple of things.

SPEAKER_15 32:59

Also, anytime someone's looking at a housing market graph and they use the word retracement, I immediately know you're just a crypto a holic who's been watching way too many XRP videos that thinks that the way that stocks trade is the way that housing markets move, and it's just not, it's just not, it's not even it's not even close to the same metric. Things like dead cat bounces and things of that, they those don't apply. You can't mark candles out and say, oh, well, this is gonna be the price in the future. And by the way, also, what he's looking at here is the inflation graph based on the K-Shiller home price index relative to CPI showing that home prices have exceeded normal inflation. Duh, we know that. But also, we can see that that spike right next to his head right there from 2008, you can see it dropped from around 208 to 178. Did that mean home prices dropped 40, 50, 60, 70 percent? No, it dropped about 18 to 20 percent nationwide. So, I don't know why I'm bringing math to this, because I think I'm the only one that brought math to the battle. Let's keep going.

SPEAKER_02 34:05

It's about to repeat itself, which is insane because you'll be able to get a house that would usually cost 1.5 million dollars for close to nothing at just three hundred thousand dollars. The United States House.

SPEAKER_17 34:21

I tried to research this property and find it. And I found another video from another guy that is bar for bar, the exact same as this. He says the same words, but it's a different dude's head.

SPEAKER_15 34:33

Who posted first? I don't know. This guy was 629.

SPEAKER_17 34:36

But according to what I can find, this was a screenshot taken of a listing error typo that was supposed to be reduced to 1.29. Oh, and they missed the one and was live on Zillow for about 20 minutes. So a real screenshot, but a glitch that doesn't exist, according to what I found using Google's AI search overview. It appears to have been a listing error that was adjusted quickly after.

SPEAKER_15 35:01

It's just the click whore mentality of the uh of people. I I I get it, but I all it frustrates me so much.

SPEAKER_17 35:08

I will say though, as a content creator to strike the gold of finding that typo. Like you're given a free viral reel and TikTok just in your hands because someone missed a one. I gotta, I gotta respect the hustle.

SPEAKER_15 35:24

I choose not to. Let's talk about war. Let's talk about war. Uh, what we have pulled up here in front of you, you can press play real quick is the maritime traffic uh tracker, where we uh I'm spending a little bit too much money that I would like to on a live tracker tracking vessels in and around the world, but my main focus is here in the Strait of Hormuz. Persian Gulf, baby. Our good friend Jersey Devil 404 has been floating around now for a week. Now for a week. Is LGBTQ there yet? Where's LGBTQ? I knew it was in here. Alpine one G. Oh, it's docked over GPS got yeah, there he is. He's docked over there on the side next to Karakan. Karkin. Yeah, there he is. LGBTQ Guru. It's like a bunch of gamer tags. It's like a bunch of gamer tags moving around out there. But uh, all jokes aside, uh, mostly Iranian fleets and smaller ships that are moving uh up the east side of this channel, the strait, uh up to Iran. Not many that are making it from within the Gulf itself out to the sea to go wherever they would choose to go to export, import goods, oil, fertilizer, urea, helium, well, whatever is coming out. It's not coming out. And we've said here on this show multiple times that as long as this straight remains shut, we will suffer from an energy crisis at some point. Many people have said it's gonna be at different times. Uh, there have been some buffers in between. Like, for example, when we for a quick moment allowed Iran to sell its oil, it's rumored that we purchased a good bit of it. There's also been obviously Venezuela that maybe gives us a buffer or maybe a safety net. Many people say that isn't refinable, though, at this point, because of how heavy it is. I'm not an oil guy, not an oil expert. Uh, but what I can say is simple supply and demand is when we're running low on supply, which we are right now, uh, that prices typically affect upward uh simply because there's less available. Now, oil is interesting because it does uh have a large influence of its price, the WDI barrel, for example, or crude barrel, for example, on futures. And those futures are essentially bets on whether or not the price will go up or the price will go down. Some oil exporters will utilize futures to lock in the price point. Go ahead, Joe. Go ahead. Uh, to lock in the price point that they're going to be able to uh sell that barrel of oil at or not, as Joe Army crawls across the screen under the camera like a champion. Um, and I'm gonna play a clip for you here at the end of this from a gentleman that is not a good friend of mine, but somebody who has a lot of financial influence that made a prediction back in March as to where oil could be if this Iran war does not settle. He says very specifically that this could either settle in a way where Iran gets to reintegrate itself into our world economy, oil flows, and prices could be in the $30 or $40 range. But if this continues on, that barrels could be above $100, if not $150, and that would cause a worldwide recession. Many people have called that. The ExxonMobil CEO, the VP of marketing uh for another oil company, has I thought it was BP, has stated that Texaco, another one. This can't go on forever. But yet the war seems like it's going on forever. But don't worry, we've won it about 48 different times. We told Israel to stop bombing Lebanon or Iran about 25-ish times. We said this was going to be a two to four-week excursion. We've said that their military is completely decimated and at the bottom of the ocean, but somehow they're still throwing missiles at us. Somehow they still threw ballistics missiles at some of our bases. How is that possible if all of their ships are at the bottom of the ocean? How is that possible if their army is completely gone and decimated? At this moment, they're threatening that they have a million troops ready for us to invade on the ground because they've been waiting for us. Is that true? I don't know. How do you feed and keep ready a million people where you're actively getting bombed? I'm not sure. Donald Trump this morning, though, put out a truth uh with President Trump saying the U.S. will bomb Iran again. He says specifically, from this point forward, and this point being an hour and a half before the shooting of this at 8 56 a.m. this morning. From this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by missile, rocket, drone, or any other device or weapon, the United States will bomb and destroy one bridge or power plant, including those located next to or in the capital city of Tehran. Thank you for your attention to this matter, President Donald J. Trump. On par with the fact that why is the Holocaust the number one trending topic on Twitter right now? Why is that? It's the Holocaust, Fishback, Godzilla, and Minnesota. Twitter is international cable. He's on par with his uh comma splices here. I believe I counted about eight eight commas? Eight commas in one sentence? One, two, three, four, five, six, seven, eight, nine! Nine in one truth. One reasonably long truth. It's not even that long. It's reasonable. Says that anytime they bomb one of us, we are going to bomb one of the pieces of their infrastructure or power plant, which is energy. Not all power plants, not all even nuclear facilities necessarily mean they're gonna send a nuke. Okay, desalination plants, power grids, bridges. This is infrastructure. We're going after civilian infrastructure, which, according to many, uh is a war crime, but apparently not to us. It's not a war crime. Let me let me sip my tea and bomb a bridge. It's not a war crime. You can't stop us. It's not a crime. You can't stop it. Who's gonna hold America accountable? Does the World Economic Forum have a police force? Does the European Union have any way that they're gonna stop? They know there's no way that they're gonna stop us. So they keep throwing these crazy threats out, and they've done it by the way. We bombed one of the largest bridges they had like a month and a half ago. Month and a half ago, we bombed a gigantic bridge. Did you see that make it to the panels of discussion on CNN and Newsmax? No. Pause real quick. We got some awards to give out. Uh, it's very important to me. We got some awards to give out. As you know, I'm a big proponent for getting out in the garden, farming, learning how to make your own food. And cues have been my fave. And out of the now, 258 cucumbers that we have taken out of our garden, I have kept four that me and my family have voted on as receiving a certain award. The award for at this moment, because we did give away our four hander. We did give away our four hander. That was a uh that was a bad decision. At this moment, uh, one, two, this is a three and a half. We got the award for biggest cucumber. Clap it up, gentlemen. Clap it up, gentlemen, for the biggest cucumber.

SPEAKER_10 42:34

Sure, sure.

SPEAKER_15 42:36

Uh number two, uh, we have the most unique cucumber. This guy, uh, for some something happened to the brain side of the cucumber. Never fully developed the brain side. We love him anyway. He's gonna stay in the family. We're gonna cut him up for some good water. Claps up for the most unique cucumber. Yeah. For the uh girthiest guy, girthiest cucumber, we have this gentleman right here. I mean, talk about someone who could never be a pickle. Thick guy. You're not getting him in a jar. Uh, he's more than likely gonna get cut into spears and used for pickles. So it's gonna be hard to make him a full pickle, though. And the award for the corkiest cuke comes this gentleman. It's corkiest cuke because we were growing him on a trellis arch, and he decided to grow halfway in the head. You see that, Sean? Halfway through the head. He was right in one of the grates. So uh, yeah, exactly. What's even that? Uh, corkiest cucumber. He's got a bit of a curve to him. He grew through the grate. Interesting guy. I want to keep him as a trophy, but he'll rot. And the last for most unique growth in the garden this week is we have our first tomato. With about probably 50 ready to go in the back because we got one, two, three, four, five tomato plants.

SPEAKER_16 43:50

Oh, yeah.

SPEAKER_15 43:51

Oh, dude, you guys are gonna have some maters here coming up soon. Oh, tomato. To the mater. Now back to the war. Let's get into what Israel thinks about this. This war. Finance Minister Smotric says the United States fighting Iran is best for us, and Israel will not join. We'll scroll down a little bit on this Middle Eastern Eye document. It says Israel's far-right finance minister Bazalel Smotric has described the renewed U.S. war on Iran as the ideal outcome for Israel, provided Israelis do not have to fight it themselves. Israel has no interest in joining the campaign, he says. The current situation is the best for us, unquote. Smotric said on Tuesday in his comments carried by Khan News. He delivered the remarks at the Katif Conference for National Responsibility, an annual gathering promoting the return of illegal Israeli settlements to Gaza. Smotrich has repeatedly called for Israel to occupy the enclave, impose military rule, and establish settlements. There will establish settlements there while calling for ethnic cleansing of Palestinians. So the man calling for the ethnic cleansing of Palestinians, so no secret that he's uh pretty pro-war here. What's up with this COVID picture? Why is he wearing a mask in the background? Get with the times. Smotric says the U.S. fighting Iran is best for us. So Israel won't join. No freaking duh. Let's take the the the the simplest take on the planet for 500, Ken. Of course they're okay with this. They don't even have to use the weaponry that we we gave them through our goodwill services, our weapons welfare program to them. They don't even have to use those. They don't have to go to war. They don't have to lose people. They can just completely focus on making sure Lebanon and here coming soon Turkey are taken care of. Oh while we handle Iran. How just as our military is merging with theirs, okay, as we continue to send money their way, as BB continues to come to the United States and meet with our political figures. He's going to be in New York soon. Mom Donnie has something to say about that. By the way, Sean, I don't have that pulled up. If you can in the moment uh go to Mom Donnie's X here in a moment, pull up that last one. We don't do it on screen, but uh it would be on X. You can just go X and search Mom Donnie. The fact is, we're combining with their military, we're funding their health care, we fund their higher education, and and we're also fighting wars, not just on their behest, we're fighting them for them. There's no benefit for us being in Iran. Well, we can't have them have a nuclear missile. They've never said they were gonna have one. Operation Midnight Hammer over the June, you said you decimated that entire program, and you even said at the beginning of this one that you set their time frame back months, if not years. We can play this at the end.

SPEAKER_14 46:45

So why are we still there?

SPEAKER_15 46:48

If they're all decimated, if it's all at the bottom of the ocean, why are they still fighting? Why is there still a blockade? Why are we still retaliating if they have nothing to retaliate against us with? It's because they do. It's because we're lying. It's because we're still going after no more nukes after programs and military action that claimed we destroyed their nuclear programs. It's a lie. We're there because of Israel. Let's just be very fair. We're there because of Israel and maybe a little sprinkling of Jeffrey Epstein. But this is a clip from yesterday, Senator Osoff uh interrogating a bit the Secretary of War, Mr. Peter Hegseth. Let's listen to this.

SPEAKER_10 47:30

You're requesting roughly sixty-eight billion dollars for the department through the supplemental, correct?

SPEAKER_05 47:37

67, yes.

SPEAKER_10 47:40

And yesterday your department stated publicly just to be clear, it's 67.

SPEAKER_15 47:46

Just to be very clear. That lower amount you just said, not true. 67.

SPEAKER_10 47:51

U.S. forces struck Iranian military command centers, maritime capabilities, missile and drone launch sites, and air defense systems to degrade Iran's ability to continue attacking commercial vessels. That was a press release from your department. Is that a broadly accurate characterization of ongoing operations?

SPEAKER_05 48:11

That sounds broadly accurate, yes.

SPEAKER_10 48:13

On day 14 of this conflict, Mr. Secretary, day 14, nearly five months ago, you stated that Iran's military had been, quote, destroyed and quote, made combat ineffective. That was on day 14 of the war. Was that an accurate statement? Um they didn't have to be able to do that.

SPEAKER_15 48:31

Pause, pause, pause. This is exactly in whenever this happens, whether it be Epstein, whether it be war, whether it be the economy, this is when they will immediately start attacking the questioner rather than answering the question. This is what we're walking into. Just so we're clear, this happens all the time. Both administrations, multiple positions. Let's be clear, this is what you're about to watch. They're going to start attacking the questionnaire, saying, I'm not going to fall for your dramatics. Me on answers a question they don't want to answer.

SPEAKER_05 49:06

Um they didn't have a navy any longer. It was completely sunk. Uh their missiles were buried underneath uh a lot of their underground facilities, and their defense industrial base has been almost completely destroyed. So as far as a military assessment of Iran's capabilities, it doesn't mean by any stretch of the imagination, absolute zero. But their case is the lowest level.

SPEAKER_10 49:38

Yes or no?

SPEAKER_05 49:39

Iran's ability to challenge the United States of America at the level at which we're capable of.

SPEAKER_10 49:44

That's not what I asked you, Mr. Secretary. You said on day 14, Iran's military had been, quote, destroyed and quote, made combat ineffective. Yes or no? Was that an accurate statement?

SPEAKER_05 49:56

What the American military has done to the Iranian military is a historic military station. Well, you answer the question in that context.

SPEAKER_14 50:06

And then throughout this entire panel, same thing would happen.

SPEAKER_15 50:11

Tough question. I'm just gonna allude to stating my talking points, logical fallacies, attacking the questioner. We saw the same thing happen with Howard Lutnick, Pam Bondi, even when Poulte came on to accept his uh his intelligence position, which by the way, the guy who runs the largest home building company in America should be in charge of American intelligence. That makes sense. We haven't even talked about that on the show. Um this is something we've talked about for a while. Within the first couple weeks, they were talking about we've we've done it. We've won, we've we've attacked them in full, we've decimated their navy, we've decimated their army, we've decimated their missile launching capabilities, we've we've destroyed their enrichment opportunity, we've destroyed their missile launching uh nuclear missile launch sites. It's done. They're begging for a deal. Their economy's falling apart. But yeah, just recently, even the last three weeks, when they had a funeral for their head leader, they were very pro-war, it seemed. They showed Mr. Trump in a coffin. They had Miss Larry, uh, Laura Loomer, almost said Larry, Laura Loomer, with a poster of they're gonna assassinate her. Like they don't seem like they're begging for a deal. Could just be the propaganda video we see from out of there. Maybe there's plenty of people. I'm sure there's plenty of people that don't want to see the war. Here in America, we don't want to see the war. There's plenty of people around the world that, when faced with the option of war or no war, probably in majority gonna pick no war.

SPEAKER_14 51:33

Probably. Now, we may justify this war to say we can't have nuclear weapons, but how far can that go?

SPEAKER_15 51:45

How far can that go? How long can we make that our main justification? Which by the way, it's not Canada that we're fighting. They may have a nuke that can actually reach us. It's not Mexico or Venezuela or Argentina or even, I don't know, could Spain get to us? Maybe the Netherlands? Britain? I don't know. I don't know, but we know Iran can't. Oh, well, they could attack our allies. Why are we, why are why are our allied bases, why why are we there? Why are we in Jordan? Why are we in Syria? Why are we in Iraq? Let's get these bases out of here. We can cut our military defense budget pretty severely. Zach, all chaos will break loose in the Middle East. Yeah, with Israel in the middle of it because they've been jacking things up for the last hundred or so years. So let it be, let it be. It's not our country. We shouldn't be funding them, we shouldn't be supporting their war efforts, and we for damn sure shouldn't be attacking Iran so ferociously that they can just sit on the sideline and let us fight their fight. This has gone from BB is crazy, we need to get him on the phone and tell him he's an effed up individual to now he's back in DC convincing us that we can fight the war on their behest. It shifted pretty dramatically. All while Lebanon's getting bombed, by the way, all while we continue to strike Iran on a day-to-day basis, and all while American soldiers have died. More army, more military soldiers have died. Americans have died on behest of this stupid war. Kids that were sent overseas with this patriotic feeling in their gut that they're going to do something better for this country were used as pawns in a political debate as to who should rule this straight that was open and free to traverse through at the very beginning of this. This is a war versus politicians and elites who are financially lining their pockets off of oil shorting and insider trading.

SPEAKER_14 53:30

How long can we just say, well, we can't let them have a nuke? Can people die? Can people die?

SPEAKER_15 53:36

Let's see what the Trump has to say about it.

SPEAKER_04 53:41

Some of you are going with us to honor our heroes, and they are indeed great heroes, actually. They said, and they all of them said very strongly, we can't let we cannot let Iran have a nuclear weapon. They won't have a nuclear weapon. So we're going to honor them.

SPEAKER_15 54:03

I want everyone to hear what he's saying here.

SPEAKER_04 54:05

You honor our heroes, and they are indeed great heroes, actually. They said, and they all of them said very strongly, we can't let we cannot let Iran have a nuclear weapon.

SPEAKER_15 54:19

This isn't a joke. This isn't a joke, so I'm not gonna make it a joke. I'm not gonna be satirical here. He's stating the gentleman that died serving our military had said very strongly we need to make sure Iran doesn't have a nuclear weapon.

SPEAKER_14 54:39

You know that conversation didn't happen.

SPEAKER_15 54:42

You know they didn't ha say that. You know that's not the case. You're you're utilizing someone who cannot speak for themselves as justification for continued war and stating that you said they said something when you know you've never talked to these individuals. These weren't generals, these weren't military leaders, these were privates and specialists in E5s and E6s. I don't know the exact rank of those that perish, but I believe it's 15 in total now. You think 15 out of 15 would take the bullet again, take the bomb again, just to make sure that Iran doesn't have a nuclear weapon?

SPEAKER_14 55:16

I think it's disgusting.

SPEAKER_15 55:18

I think it's disgusting that we're leveraging dead Americans for the continued operation that no one's backing. The majority of Americans are not backing. And you're gonna go ahead and say, well, these two individuals that scapegoated themselves for this war, they wanted this, so I'm gonna honor them by continuing to do this. I'm gonna honor and you know what makes me even more angry about this, go to like the three-second mark on this video. Seeing Caroline freaking Levitt just gen just gingerly walk past the Gen Z representative of the world uh as Donald Trump is speaking. I think seeing her face just frustrates me as well.

SPEAKER_14 55:52

Also, pause real quick. Is this Dover? This looks like Dover Air Force Base. I did, but I never worked on the airline.

SPEAKER_15 56:04

I never worked at the strip.

SPEAKER_16 56:06

It's pretty flat.

SPEAKER_15 56:07

It's pretty flat. You see that tree line in the back of like that little Creek Kid's sumic area back there. And someone's passed, so they do go to Dover for the morgue. I'm gonna say that's probably Delaware.

SPEAKER_16 56:20

What would he be doing in Dover?

SPEAKER_15 56:21

So he would be welcoming receiving bodies. Oh that is anytime someone passes in the military, they go through Dover. That we have the morgue.

SPEAKER_16 56:30

Yeah, probably is that.

SPEAKER_15 56:31

Carla on our team, Carla's talked about it before when she was the she worked on the dental side of things, and she would get brought in to assist, and these are people that have been blown up, scarred, I mean, anyway, shape, or form, coming back from overseas. Obviously, left her with a little bit of of you know, she talks about how like empty and depraved that feels, but it watching people get leveraged for political gain when they're dead.

SPEAKER_14 57:00

It's wrecking my vibe. It's really it's it's it's wrecking my vibe right now.

SPEAKER_15 57:04

I gotta be it's wrecking my vibe. I gotta move on.

SPEAKER_17 57:08

I gotta move on. Dead, not including missing at war, or injured in the past hundred years for the US. How many people do you think?

SPEAKER_15 57:20

Soldiers dead in POW in the last hundred years?

SPEAKER_17 57:22

So it excludes World War I and the conflicts before that. It's basically World War II.

SPEAKER_15 57:27

World War II and on. Jeez, it's gotta be it's gotta be in the millions, no?

SPEAKER_17 57:32

It's half a million.

SPEAKER_15 57:33

Half a million, 500,583. Jesus Christ. And that's just on our side. That's nothing about deaths that we brought to others, yeah. We brought to us. Like we talk about the Pilis uh Palestinian death toll. We don't even know how many people are just under rubble missing, yeah, that have been dead for months. Yep. It's it's sick. Half a million. And there's gonna be people out there that say, Zach, only two people died. Do you want it to be a hundred? Do you want is it a thousand enough? How how much is enough?

SPEAKER_17 58:01

Do you know what my new rebuttal for it is? Well, did America actually change it better because of that half a million? Imagine how different it would be if it was just 500 politicians or CEOs. Imagine how much society actually would have changed if we swapped out half a million soldiers. I just saw the yellow flag appear on YouTube. We have to stop, we have to stop.

SPEAKER_15 58:24

This is Iran's four-minute theoretical Abbas Arajichi says the ending of the war in Lebanon. And this is from June 16th, by the way. I want to be clear on this date. We're about a little more than a month back. This is when the MOU was starting to float around and it wasn't being officially signed, and we couldn't officially meet with one another. Why? Lebanon. Let's not forget the plot. There's a lot going on. We can't forget the plot. Iran wouldn't officially move forward with the MOU until Lebanon was included in that memorandum for peace. Israel has continued even up until this day to shoot, kill, bomb Beut and other areas of southern Lebanon, now even threatening Turkey as a quote-unquote terrorist state. This, from a month ago, more so than, was Iran Foreign Minister Abbas Araji says ending the war in Lebanon is the quote most important issue in the peace deal with the U.S. Quote, in our view, there are two parties in this memorandum. One side is America and Israel, and the other side is Iran and Hezbollah. And what they're saying here is Israel continues to go after quote unquote Hezbollah, a proxy-backed militia group out of, or resistance group, however you want to define them, that are in Southern Lebanon, as are the IDF, by the way. The IDF is positioned as a military structure within Southern Lebanon. They don't want them there anymore. Lebanon doesn't. But yet the killing goes on. Let's listen to this clip from him. The declaration of an immediate and permanent end of the war on our hame has included Lebanon.

SPEAKER_00 1:00:18

Most important point I want to emphasize is that our view there are two parties in this memorandum.

SPEAKER_15 1:00:31

One side is America and Israel. The other side is Iran and Hezbollah. I like playing the clip too because sometimes X just be throwing quotes out and then you play the video, and that's not really what they said. So just to be clear here, they've made it very clear, many different ministers from Iran have made it very clear that as long as Lebanon is still not receiving peace, they're still getting bombed, they're still dying, this deal cannot get ratified. We can't move forward with peace. We can't move forward with the strait being open. We can't get on with these assets being unfrozen, money going to Iran. We can't do any of it if Lebanon is getting bombed. And right now, as we see, oh, this is new news. Houthi threats, at least nine ships turned back near Bab al-Ma. Oh man, this is huge. At least nine commercial vessels have turned around near the Bab al-Madib Strait or in the Red Sea following threats from Houthi rebels to impose a maritime blockade on Saudi Arabia. That is a completely different strait. Can you go ahead and take Bab Al-Amab Al-Madeb uh and put that into Google? Bab Alamandib.

SPEAKER_14 1:01:44

So check it.

SPEAKER_15 1:01:45

Strait of Hormuz at the top of Saudi Arabia. Oh no, that last one was perfect. Strait of Hormuz at the top. Bab Al-Mandib straight at the bottom. So the Persian Gulf Strait, its access way, goes through the Strait of Hormuz. That is where current blockade and mines from Iran are located, as well as missile striking capabilities. This is the Houthis out of Yemen saying you need to turn around. You're not allowed to enter the strait. That just happened. Holy cow. That's a whole other wrinkle and an escalation in this shutdown of the strait. Now two straits. My goodness. Yeah, let's get back right there. Scroll down a little bit. This is a live news feed, so a few others that came through. Israel kills 11 in Gaza. Let's see, right there. Right up top. One more. Right there. Israel army continues demolitions in southern Lebanon at 457 Beirut time. The Israeli army carried out a series of new controlled demolitions targeting homes and infrastructure in the villages of Kunin and Beat Yahoon in the Bint Jabil District. Please forgive me for my pronunciations, our correspondent reported. The latest demolition reflects an intensification of the destruction carried out by the Israeli forces and the villages they control within the so-called quote buffer zone in recent weeks, despite the latest ceasefire that took effect in Lebanon on June 19th. So we say that to say, can this war end? Can the strait open?

SPEAKER_12 1:03:23

Now it might be can two different straits open.

SPEAKER_15 1:03:27

While Lebanon is getting bombed by Israel? No. The answer is no. The inequivocal 100%. Don't have to guess, don't need a theory, is no. And we've said this for a month and a half, two months now. And is it over? No. Does Lebanon have peace? No. We You know, you don't want to just be that it's always Israel guy, but Israel is the one making this war continue. They're the ones making this war effort continue on. They're the ones baiting us in. Is it blackmail? Is it Epstein? Is it money? Is it all the above? Is it just stupidity? The world is your oyster in theories. Um, but let's hear Donald Trump the other day, by the way, sitting with I don't know if it's our prime minister.

SPEAKER_14 1:04:15

President? Who's the head leader of Lebanon? Can we Google that? Can we Google what's the name of the leader of Lebanon? Is it a president? Is it a prime minister? Joseph Ion, uh Prime Minister.

SPEAKER_15 1:04:35

Prime Minister. So here is Donald Trump sitting with the Prime Minister of Lebanon. Let's listen.

SPEAKER_11 1:04:43

Mr. President, there are no signs that Iran is ready to stop fighting. So what is the plan? Is the plan to see bombing into the state of the state of the state?

SPEAKER_04 1:04:50

How would you know if there are no signs?

SPEAKER_11 1:04:53

Well, they continue to attack our allies.

SPEAKER_04 1:04:55

You don't know what the dialogue is behind the scenes that they want to meet desperately to try and end it because they're getting decimated. You don't get that when you listen to your fake station, but uh you don't know uh you don't know anything. So talks are you know something that I don't know? You know something I don't know?

SPEAKER_11 1:05:13

Well tell us.

SPEAKER_04 1:05:14

Uh I will tell you they want to desperately meet. And until they're ready to meet in a meaningful way, we have no interest in evening.

SPEAKER_15 1:05:25

Like when they wanted to desperately meet in a meaningful way in Geneva, or with the Palestinian representatives, or when Trump said, I'm gonna kill all of the mediators while J.D. Vance was meeting with them just a few weeks ago. Or, I mean, you know, all these other times where we actually did have momentum. We have memorandums of understanding, 14, 15 point peace deals, uh, all while they basically said, Because you continue to bomb Lebanon, andor because you keep being disrespectful and threatening to our people, we're not gonna sign this and we're just gonna hold still. You must know something I don't know. If you know something I don't know, you're fake station. Again with the attacking of the questioner when you don't want to answer the question. And some may say maybe he does know things that we don't know. But guys, gals, ladies in the auditorium, check this out. How many times has it been said that they are desperate for a deal? This is this is week one. We are hearing they're desperate for a deal. They're right around the corner. They're decimated. They all, oh my goodness, they just want to deal so badly. They're on the my phone's ringing in my pocket right now. It's ringing three times. It's their Ayatollah. He wants to talk right now. I can't because I'm answering your question. That's what he makes it sound like. That he's these dot emails he's waiting to respond to. They're double and triple texting him and he's not responding. That's that's not what's going on. That's not what's going on. And it's very clear and obvious to see. I don't think it takes more than two pupils and and and keeping up with what's been going on because it's tough. It's tough over the last five months, have been tracking everything that's been going on, but the amount of times that this has been said, I mean, president who cried woof, I just don't believe it. I don't believe it one bit. All while Iran has stayed pretty stable in what they want, they're not getting what they want. And then we attack them because they won't open the strait, and then they retaliate. And as if we sit right now, it's retaliate, retaliate, retaliate, retaliate. Now we see another strait might be shutting down. Retaliate, retaliate. Where does it go from there? Are we gonna put boots on ground? You just gonna nuke them? How does this end? How does this end? How does this end? We're gonna duke nuke them? We're gonna do that on behest of Israel? I don't see how this ends because Israel won't stop bombing Lebanon. They won't open up the strait. And if that happens, worldwide economic strain is going to catch up to us. It's already seen in the petroleum reserve, the strategic petroleum reserve, the SPR. We can see we're this close from our 300 million barrel operating minimum that's been in place since the Am Kippur War and the oil embargo that happened in the mid-70s. And it hasn't been lower than since Reagan when they were building it up. Okay, so there's issues all around the economy from inflation and food prices, oil, death, diesel, all these economic issues as gas prices go up per gallon, and we're being led along with don't worry.

SPEAKER_14 1:08:20

Don't worry. Don't worry, I got you.

SPEAKER_12 1:08:23

They're desperate for a deal. They've messaged me on Facebook, Instagram, Truth Social. They're asking me everywhere to make a deal.

SPEAKER_15 1:08:32

I don't believe it. I don't believe it. Now there's a new what's happening. It's Barren, Melania, Saudi Arabia, and Afghanistan. Twitter's moving around like crazy today. Let's go to the crude oil prices. As we have seen, the war pick back up since about the beginning of July. Uh when home when prices were starting to go down for oil. We dipped down to about 62-ish or 68-ish per barrel for crude oil WTI. That's the West Texas barrel. Now we're back at $86 a barrel. That is not the high that we saw throughout the war, but it is a stark shift. Stark shift in the vibe of how this war was progressing. I believe many traders, many corporations, many of these oil titans saw the end of June, mid-June, toward the beginning of July. As we're getting to the end of this.

SPEAKER_14 1:09:25

And it was priced in the barrel of oil. The future.

SPEAKER_15 1:09:29

Now we see it's dramatically gone back up. About 20 bucks from its low. Does it keep going up? I'm not here to say it will or it won't. What I will say is when fuel goes up, inflation follows. So when you get that August inflation report on July's numbers, expect to see inflation. When you get the September report on August, expect to see three plus inflation. That's just kind of how the ripple effect moves when we talk about the increase in the cost of energy. Next tweet, next tweet, we're rounding this one out. Let's hear from a good friend of mine. We've talked very highly of him on the program and on social media platforms, Mr. Lawrence D. Fink, CEO of private equity firm, BlackRock. He was on a BBC interview that we actually listened to together back in April, April 6th. So that was what, April, May, June, July. So we're like three months or so from then. Here's his take on where this war could take oil and where it could take our economy, depending on which direction it goes. Let's see.

SPEAKER_07 1:10:37

A year from now, oil at $40 a barrel. I could see it above $150 a barrel. We have two very extreme outcomes. And in my conversations throughout the world with the U.S. government and all that, to me, everybody has to recognize it's it there's not going to be an outcome that's somewhere in the middle. It's going to either be two extremes. Is Iran a country that can be accepted by the international community? Can Iran be a country that be participates in the world again? And if that outcome occurred, then you could have the Iranian oil back into the marketplace, alongside what the growth of the Venezuelan oil. And you could you could paint a picture where oil prices could be lower than they were prior to the Iranian war. If there's a cessation of war and yet Iran remains a threat, a threat to trade, a threat to the to the Straits of Harmouth, then I would argue that we could have years, years of you know, above a hundred dollars, closer to $150 oil.

SPEAKER_06 1:11:42

What happens to the global economy if that happens? How do we see it?

SPEAKER_15 1:11:46

We'll have global recession. Go back to that oil price real quick. So again, he's saying $100 to $150. Uh we can just click out, let's go to that graph one more time. We're sitting at $86. We peaked above $100 a few times, but we haven't sat above a hundred yet. We haven't, for a period of three to four, six to eight weeks, sat above that 100 mark. Now, if supply continued to dwindle, if not only that straight, but in the other straight as well, uh, which I'll have to get better at pronunciating, remains shut, we're we're strangling trade. And when they talk about could Iran be a partner in trade with the world again? Well, if we were to unfreeze their assets, if we were to allow the sanctions to go away, which were purported to be a part of the MOU, then yes, we probably would enter the trade with the world, not just China and others, but every other country, because the sanctions would be dropped, their frozen assets would be unlocked, the money coming into them, that $300 billion that's raised by us and other allies, like they would have the ability to enter the economy. That theory matches. But there comes this part where Israel won't stop bombing Lebanon, so the peace can't be found, and the war continues to escalate. Now we have two different straits shut, presumably. Oil is not flowing, definitely, and our reserves are dwindling. This will cause and continue to increase in fuel. This will continue to squeeze death, diesel, all these other things, and it could be placed on Israel. I'm sorry, it could be placed right on Israel. And the reason that we're going after this war, their leader, the Likud Party, Ben Gaveer, Benjamin Netanyahu have been pushing this along with the warhawks like the Lindsey Grahams, R.I.P. and uh who about Mark Levin is another one. I see Benny Johnson always on it. These warhawks, they won't see nothing but war, war, war, war. You got a problem? Bomb it. That's what they do. This next tweet real fast. Let's go on this next tweet, the next one after that. Yep, this is uh this is another one. This is another bomb that went off in my uh in my brain real quick when I saw this. It's another bomb that went off that uh a leading report says. Leading reports now, Sean, do you remember when I went out uh went out to Kentucky? You remember that?

SPEAKER_16 1:13:59

Yes, I do. I do remember that.

SPEAKER_15 1:14:00

You remember the exit poll that I ran? Yeah. Yeah. And do you remember that of the of the amount of people that were voting for to speak to this? This was Thomas Massey versus Ed Galreen. And I conducted an exit poll to see why people were voting one way or the next. When people were saying they were voting for Massey, they were normally saying they were voting for Massey because he was uh he was anti-Israel, he stood up for himself, he's just a good candidate, all different schlews of reasons. People that were voting for Ed, though, typically had a reason they weren't. Instead of voting for Ed, they were saying, I'm voting against Thomas Massey, I'm voting for what Donald Trump wants. And a many of them told me right to my face, well, Thomas Massey is cheating. He's having an affair. Yeah, let's bring up this video, Thomas Massey threpple video. Yep. He's having an affair. I can't vote for somebody like that. I sat and watched these people convinced that a romantic relationship was happening between Thomas Massey and AOC, maybe that uh second one on Instagram. Uh you got it. You gotta go figure it out. And because of that reason, malpractice insurance is professional liability insurance protects healthcare professionals. Why is this video coming out?

unknown 1:15:14

I don't know.

SPEAKER_15 1:15:16

T H R O U P L E. That's close enough.

SPEAKER_13 1:15:22

There we go. Let's watch this real fast if you hadn't seen it. Turn that baby up. Turn that baby up. Turn that bad baby up.

SPEAKER_16 1:15:30

This is this is the best quality. It's 240.

SPEAKER_13 1:15:35

Turn that turn that bad boy up, the little volume meter at the bottom. There you go. Dash that baby up. Let's listen to this.

SPEAKER_15 1:15:52

Here's him showing up at a hotel holding hands like three weirdos. And then the closing of the Do Not Disturb Hotel. Pause it real quick. And to be clear, see, betrayed Donald Trump. Not not any he betrayed Donald Trump. Keep going. Fire Thomas Massey.

SPEAKER_12 1:16:15

Not vote for Ed Gallreen. Fire Thomas Massey. Fire Thomas Massey. And what vote for Trump is a vote for Ed Gowrene.

SPEAKER_15 1:16:25

The amount of people that saw that ad and literally thought that he was having a relationship outside of his own was crazy. And here's a leading report that came out yesterday. Really spot-on reporting, very quick reporting on this, is where what? Two and a half months from then. Let's see if they had a similar take. It says leading report says older voters in Kentucky's fourth congressional district admit to being tricked by AI-generated ads falsely depicting Thomas Massey in a thrupple with Alexandria Ocasio-Cortez and Ilhan Omar, with the ads influencing their vote per exit poll. I did it first. Sorry. We knew about this before you did, leading report. And it was quite clear and obvious that not only were the boomers running it, but that they were influenced dramatically by not only Trump's verbal campaign that he held for the weeks prior, but also the financial campaign, supported by $32 million spent by Israeli lobbies, Miriam Adelson, and others, to ensure the boomers of the Kentucky's 4th District were convinced that Thomas Massey wasn't fit for his position so they could get somebody in that was a rubber stamp. And that's what happened. I just want to bring that back up because I saw this and I was like, obviously. Why are we talking about it now? Why are we talking about it now? I don't think it was rigged at the polls, it was rigged with money, it was rigged with advertising, it was rigged with lies. How can you actually allow AI, false AI, to influence an election?

SPEAKER_14 1:17:53

Insane.

SPEAKER_15 1:17:54

Speaking of Israel, influencing our elections, influencing our war efforts, keeping us in a stalemate with Iran. Very viral post, 47 million views. Not quite as viral as when he said, turn down your air conditioning unit. Not as not as many as when he said 78 degrees is what you gotta do, which by the way, that's really warm. That's really warm. If Delaware came out and said you have to set your thermostat to 78 degrees, there's a 0% chance I'm doing it. I'm sorry. This is just this is 0% chance. I can't operate in under 60 over 68.

SPEAKER_16 1:18:31

Dude, I'd be angry. Yeah.

SPEAKER_15 1:18:38

And that's what Mayor Zoran Mom Donnie was doing in this video, as there were calls for him to do something he campaigned on, which was if Benjamin Nanyaho wanted international war criminal, were to walk into New York City, if he were elected mayor, he would have him arrested. Now that he's gonna be coming to New York in the next few weeks, people have been saying, hey mom Donnie, are you gonna do it? Here's his response. I kinda like it, kinda don't. He's a great speaker, he's a great writer, presents things very matter-of-factly, great communicator. Uh, but he does pretty much admit that we can't arrest him here. But he gives a caveat and another option. So let's play this clip for him, the mayor of New York City.

SPEAKER_08 1:19:20

Benjamin Netanyahu is a war criminal, the architect of a horrific genocide against the Palestinian people. He is responsible for the killing of more than 73,000 people, for the maiming of thousands of children, as those who survive undergo amputation without anesthesia, for the targeting of neonatal hospitals and maternity care centers, denying newborns even the chance to live, for the countless people he starved as he blocked food and humanitarian aid from reaching them. For the gunning down of hundreds of aid workers and journalists. And just last month, the UN confirmed that Palestinian children continue to be deliberately targeted and killed by Israeli armed forces, more than eight months after the so-called ceasefire. The list goes on and on. All as we, as Americans, pay for the bombs that do the killing. There is a reason the International Criminal Court issued a warrant for his arrest. As human beings, we have spent generations building a shared understanding that there are crimes so grave they offend all of humanity. Anyone, with their eyes, with their heart, with their conscience, should recognize the devastation he has wrought and understand that he belongs before a court of law. As I've said, I agree with the ICC that Benjamin Netanyahu should be arrested and tried for his crimes, as I do for anyone else charged by the ICC. My administration has reviewed every avenue available under applicable law to determine whether New York City could execute the International Criminal Court's arrest warrant if Benjamin Netanyahu came here. It is clear that we do not have the independent legal authority to enforce this warrant. The federal government, however, does. And I call on them to join the ICC and execute this warrant. And I want to be equally clear Benjamin Netanyahu is not welcome in New York City, nor is any other war criminal at large. While we cannot end the genocide on our own, we can decide whether our silence will become another weapon, and we can examine every tool we have to defend the humanity and dignity of all people. That is my commitment to you.

SPEAKER_15 1:21:29

The bar from that was we cannot allow silence to be their greatest weapon. We can't allow another weapon for them to be our compliance, our apathy, our silence toward this issue as Iran continues on at the behest of Israel and the Lakud Party's leadership as they continue to bomb not just children in Gaza, but Southern Lebanon. Right now, they're doing it again. They're already threatening the next one after that, round three, Turkey. This has to stop. And at the very least, even if he doesn't have the authority to do so, is calling out with a large audience, not remaining silent, on this war criminal needing to be tried and jailed for his crimes against humanity. It is a crime that all of us can see with our own eyes, ears, and hearts as something that is just morbidly unacceptable and something that nothing is being done about. In fact, our own administration continues to push it, to back it, to be a partner in it, and we're sick of it. I love videos like this that are calling it out. And I also love seeing the Zionist paid shills that will respond to this saying, oh my God, this communist is crazy because they're just telling on themselves. That is today's podcast. As we scrolled through housing and what will make it crash and or not crash, no, if the man who watched this who said an 80-90% drop is happening in housing, you're watching this, I think you're insane and you should stop making clickbait. And the housing market in and of itself does have a lot of flaws, but it also does have a foundation that is built off investors, boomers, and the top side of the K that is keeping it alive and well. Will that stay on for the time being in the future? I do not know. We could play the song, Sean, as we head out. We'll continue to keep track of the housing market. We'll continue to track Iran, inflation, and the after-ripple effects that will come to us as Americans because of it. We'll continue to track it, we'll continue to dive deep into what's real, what's not, and keep you up to date as a normal working class American on what's going on in America. Love you, appreciate you. See you on the next episode of the Zach Fout Show. Shout out Corky Cucumber!