Hormuz Blockade + RAMageddon AI Data Center WAR | PBD #777
Key Takeaways
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NATO allies refuse Iranian port blockade
“Publicly, they're saying, we will not join the blockade. Well, what does that mean? I will not put my ships next to your ships, so I won't join the blockade. But what was interesting, Britain and France through NATO said, we are working on an initiative to open the strait. Pat, that's what they said. You know what that initiative is? Negotiating behind the scenes with the United States.”
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Rising grocery prices strain American households
“Humberto says his biggest concern is the fact that a bag of Doritos right now is seven bucks. And I said, look, I mean, all this other substrate of Hormuz blockade, you know, gold, Bitcoin, who cares? Doritos is seven bucks, guys. We have to talk about it.”
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US housing shortage hits ten million units
“Housing shortage is at least 10 million. They said it was 2.5 million a few years ago. Then they said 4 million. Now it's 10 million shortage. So what kind of a cost is that good? Is that a lot of jobs?”
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Gold projected to hit six thousand dollars
“Will gold reach $6,000 by the end of the year? Multiple companies are saying by the end of the year, it's going to be $6,000. And wait till you hear which one of them said it's going to be $6,300 by the end of the year.”
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Childcare costs reach three hundred thousand dollars
“Anxious parents, according to Bloomberg, are spending upwards of $50,000 to land their kids a job. It now costs $300,000 to raise a child in the US., really daunting situation for parents. If you want to have five kids, that's $1.5 million you need over a span of 18 years.”
Episode Description
Patrick Bet-David, Tom Ellsworth, and Brandon Aceto are joined by Lyn Alden as they break down NATO’s response to the Strait of Hormuz blockade, rising economic pressure on Americans, the U.S. housing shortage, Mamdani’s grocery store cost overruns, gold price projections, the Sam Altman attack suspect arrest, and the rising costs of jobs and raising children. ------ 👍 LIKE AND SUBSCRIBE! 🏢 WORK AT VALUETAINMENT: https://bit.ly/4ungnZZ 📗 LYN ALDEN'S "BROKEN MONEY": https://amzn.to/4tN8Baw 📈 LYN ALDEN'S INVESTMENT STRATEGY: https://bit.ly/4cexTZu Ⓜ️ CONNECT ON MINNECT: https://bit.ly/4kSVkso Ⓜ️ PBD PODCAST CIRCLES: https://bit.ly/4mAWQAP 👔 BET-DAVID CONSULTING: https://bit.ly/4lzQph2 🥃 BOARDROOM CIGAR LOUNGE: https://bit.ly/4pzLEXj 🇰 KALSHI: http://kalshi.com/pbd 💬 TEXT US: Text “PODCAST” to 310-340-1132 to get the latest updates in real-time! ABOUT US:Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.