Elon Musk Drops BOMBSHELL on Economy | Jerome Powell to be

He's a numbskull. He keeps the rates too high and probably doing it for political reasons. The only time I remember him cutting rates, I mean, he cut the rates just before the election to try and help Kamala or whoever he was trying to help. He probably didn't know. Breaking news, Tesla stock takes a nosedive because Elon Musk drops a bombshell about the future state of his company and the lack of demand for EV as a result of the incredibly toxic economy. Now, as of the recording of this video, anyways, Tesla stock is down about 12%. And that's just in the last two days. So the question is, what is really going on at Tesla? And is this a buying opportunity for their stock? Now, after that report, we're also going to jump into all of the most recent Federal Reserve atrocities as they ask for billions of dollars of our money to renovate their building. And as such, people are calling for Jerome Powell to be jailed. And do you really blame them? Now, our ending segment is a brand new write-up from Mitch regarding the black letter of the law and how our forefathers would be turning in their graves if they knew what the United States government was doing to its people. And welcome back to Real Estate Mindset. You guys already know this video is going to be absolutely bonkers. Mitch Vexler, happy Thursday, sir. How are you? Well, it's interesting to see what's happening to Tesla. And we'll get into a bit of a discussion in a few moments. But shockingly enough, it really is tied to everything we've been talking about, which are problems being forced down the throat of mom and pop. And that they, in reality, can't afford the vehicles. You can't blame the EVs. You have to blame the economic situation under the hood. And coincidentally, that ties right back to Mr. Powell and the central appraisal districts. We'll get there in a few minutes. Right. And as you guys are listening to this, hopefully you're also connecting the dots as we continue to tell you guys the story. We're going to listen to a Bloomberg video about Tesla, and then we're going to read a CNBC article about Tesla. And then we're going to ask Mitch what's really going on. But let's start with this video. When you look at the results, what do you pay attention to today? Well, there's the sort of reality, and then there's the medium term, and then there's the hope of the long term. And the reality is that the business is in decline. I don't think we need any more evidence that their traditional EV and energy business is in decline. And it's really sad. And it is mostly related to Elon's interesting way of marketing his vehicles, which has turned off most of the people in the world. And we're just seeing, sadly, a continued decline in the business. On the medium term, we hope that maybe things will get better. But the truth is, everything's going against Tesla once we get past this next quarter, which your previous guest was just discussing the fact that in a month and a half, the credits go away. And Tesla's going to enter a new reality where it's going to be much more difficult to sell cars just because of the pricing. And then on the long term, what Elon and what the Tesla bulls really want you to focus on is the opportunity in robo taxi and robots, which obviously is a long time into the future and hard to quantify. And so as long as you keep looking really far, far ahead, you can kind of try to find some positive here. But if you're looking at the short and the medium term, it's not really that positive of a story. This is breaking news coming out today, July 24th, Tesla shares drop eight percent. Dang. After auto sales plunge again, that is not good. Tesla shares fell on Thursday after the company reported a second quarter automobile sales that dipped again. Mesa Tesla probably could have a few, not one or two, but a few rough quarters ahead as a result of the expiration of federal electric vehicle tax credits. Now, a lot of people are saying that's why him and Trump are really at odds. The third bullet point, Tesla's facing stiffer competition globally from electric vehicle players, especially low cost competitors from China. And I'm wondering, as I'm reading this, Mitch, like how much of this is nonsense, like how much of this is just programmed. But a few things here. Elon Musk, electric vehicle maker, reported a top and bottom line miss on second quarter results, noting that the automobile revenue fell 16 percent year over year to only sixteen point seven billion dollars. Tesla shares have been hammered this year with a stock down nearly 18 percent to date, not including the Thursday pre market move. The tech billionaire played a key role in the Department of Government Efficiency or George under President Donald Trump's administration and has endorsed Germany's extreme anti-immigrant AFD policy. This is Tesla's quarterly revenues by segment. And you guys can see on the right here is the miss right here. You guys see that it is a miss, but there's still and that's what I want to point out. They're well above twenty twenty two profits. You guys can see that right here. So even though that's a miss, I mean, yeah, it's a miss, but it's a miss off of like historic highs. When we look at what's going on right now as the recording this video, their stock is at three hundred and two dollars and that's down nine percent, nine point one four percent now year to date. It's really bad. You guys, you see right here year to date, the stock is down twenty five point one eight percent. So it's down an entire quarter percentage year to date. What's also interesting is the stock market is hitting fresh highs, but investors are becoming less bullish. So we have record highs, but investors are less bullish. And you guys can see that from looking at this. And this is just over the month of July. The green is bullish behavior. So you guys can see in about three weeks it went from forty five percent all the way down to thirty six percent, but also neutral blew up as well, going from twenty one percent all the way to twenty nine percent. And this is investor sentiment. Mitch, that's stopping down twenty five percent year to date. A lot of people are wondering. I'm not one of them, by the way, but a lot of people are wondering, is this a buying opportunity for Tesla right by the low, right by the dip? And can you go into that? But could you also go into what's really going on at Tesla? Is it just demand for EV? Is that it? Just people don't want EV or is it more the economic uncertainty, the Federal Reserve? Can you just articulate what's going on at Tesla and whether or not we should be purchasing their stock? First off, the press loves to make hyperbolic statements to attract eyeballs and not to attract the truth. So a a truth is that the stock is down, but you have to get in under the hood and figure out what really is going on here. And it's not just Tesla. Right. Car sales are down. So the underlying reality is that mom and pop can't afford a new car. The median household income won't allow that to happen. When you have trucks at Ford, as an example, F-250s selling at one hundred and thirty thousand dollars, ask who can afford it? The issue with the EVs, when somebody says, well, the supply coming out of China is so great and they're cheap cars, it's complete utter nonsense. Go buy one. You can't. Chinese vehicle not coming into the United States. So the point of the matter is, like I said, the press makes up what they want for the narrative, but not necessarily the truth. And there's concept issues. Right. So when you look at an older vehicle that is not made of computers. That's a vehicle that will stand the test of time. It has a design that people want. It's reminiscent of the past. It's not overburdened by computers such that if a computer breaks or a battery dies and you get a thirty four thousand dollar bill to replace the battery, which is happening. This is why they've got design and concept issues. They've got to get past that. Tesla is the big boy on the block. They are the big EV producer. More than likely, they will remain that way for many generations to come. Do they have issues with what's happening right now? Well, somebody would say, well, it's Elon's fault. It's a combination of things. But the bottom line is. They're the big boy. And with regard to Travis's question, is this a buy? Well, no. See, you can only trade this on the technicals. You can't be dependent on the fundamentals because the fundamentals, people would say, fundamentally, Elon has done wrong by speaking against what we believe. OK, that's a CEO. This happens on companies all the time. You can look at the fundamentals and say it's the big boy on the block and it's going to survive. But none of that is quantifiable. That is all subjective. So if you want something that's truly quantifiable in terms of when to buy, typically what's speaking is you would look for one leg up, pull back, a second leg up, pull back, and there becomes your buy. In other words, you don't buy until you've got a higher low and a higher high. And right now, as I looked at the chart a few minutes ago, it's got a giant bear bar more than likely to be followed by another giant bear bar. So you must have patience because that's quantifiable. The higher high and a higher low is quantifiable from a technical perspective. The fundamentals, I really don't care because the truth of the matter is the stock has got the income and the expenses baked in. And even at this point, it's probably not baked in far enough to understand what's going on and take into account the actual operating expenses and the problems with the supply chain, i.e. getting the battery parts. There's a lot of stuff going on, but Tesla's kind of like Boeing. You've got tens of thousands of parts going into these things. It's coming in all over the globe to manufacture them, and there's problems. But it doesn't mean that the company is in dire straits. You just simply have to buy your time, sit still, be patient, get a higher high, higher low, and now you've got something quantifiable. And if you want to pull the trigger at that time, then you're doing so with a floor because you know where the floor is. That's the way to do it. Good point. Now, Elon Musk suggested that about a year, he said a few quarters, which is about a year that they're going to go through turmoil. When I sit back, Mitch, and I look at the balance sheets of mom and pop, I look at all these issues with property taxes in the Federal Reserve, I see challenges happening for at least a half a decade. So do you agree with his assessment that they're going to face just a few quarters? Or do you see turmoil in the economy with mom and pop and the consumer and the auto industry lasting much longer than a few quarters? What do you see? Allow me to make this real clear. The only salvation and the only way out of this is the repeal of the real estate taxes in favor of the uniform state sales tax. We've got the math, we've quantified it. If you do not restore the balance sheet to mom and pop, you can kiss five years or 10 years goodbye. And that's showing very clearly in the compound cumulative interest calculator that's on a prior video. When you've got a parabolic chart going up where this debt, this debt load has to be paid off, and the median household income is flatlined or going down, that's a mathematical impossibility. It cannot be paid off. Mom and pop don't have the money to pay off the current debts of the school districts. Mom and pop's equity has been stripped out of these houses, out of their homes, out of their properties. The only salvation and the only way out is repeal this real estate tax, give mom and pop back the balance sheet from which they've got money to feed their family, because in Texas it's 4 million people that are getting help to eat. Give them back the money. Put the school districts that cannot pay off their bonds into bankruptcy immediately if they can't pay those bonds off in three years. Wipe out the 5.1 trillion across the United States that is fraudulent school district bond debt. Get it off the back of mom and pop and stop that interest clock from ticking by the nanosecond. That is the only way out of this, and that is a direct effect and a direct impact on Tesla or any other automobile plant and mom and pop that work on the lines in those auto plants that are paying the taxes. You've got a circular argument going here. They have to have more money because they've got to pay the real estate taxes that are being increased against them fraudulently to support the outstanding fraudulent school district bond debt at the hands of the criminals at the school districts. It's a circle, and until you break that circle, the problems with Tesla or any of these other auto plants or the motorcycle companies or anybody that's got to charge something that mom and pop don't have the money to pay for is going to get worse, not better. You know, speaking of more money and parabolic charts and equity stripping, let's now talk about what's going on with Jerome Powell, who is asking for billions of dollars of our money, and we're in distress, by the way, to renovate a building that's already functional and the cost. Again, how does it cost billions of dollars? We're going to move on to that. Let's start with listening to this video. Growing from the Trump administration for Federal Reserve Chairman Jay Powell to resign. I spoke with FHFA Director Bill Pulte yesterday on this program, who's calling for the Fed chief to step down now. We have one guy in the form of Jerome Powell, who just thinks that he is maybe more important than the economy and more important than everybody else by being a stubborn mule, as President Trump has called him. So it's a big problem. And and Jerome Powell needs to resign as it relates to the building. You know, they just built the Buffalo Bill Stadium for two point two billion dollars. But somehow Jerome Powell has spent two and a half billion. I think by the time it's done, it's going to be way higher than that. So I think there needs to be an investigation. I think that maybe he lied to Congress. I think I think things are going to get a lot worse for Jerome Powell and it'd just be better off if he resigned. And Powell has been criticized for being political, also being too late on cutting interest rates, keeping borrowing costs high for Americans and spending more than two and a half billion dollars on renovations at the Federal Reserve buildings. Joining me now is the secretary of U.S. Housing and Urban Development, Secretary Scott Turner. Mr. Secretary, great to see you. Nice to see you. Thank you so much for being here. And you've been also critical of Jay Powell. What do you want to see happen? Well, I want to see responsibility and not negligence. I don't want to see personal vendettas. The American people deserve to be able to afford to buy a house. First time homebuyers refinancing. So we need interest rates to come down. The president, Congress, you know, from a fiscal standpoint, are bringing costs down. Now, from a monetary standpoint, we need interest rates to come down. Even at HUD, we're taking down regulations, freeing up developers, freeing up localities to build. We need seven million units of housing in our country, Maria. I'm going to tell you guys right now that interest rates were too low for too long, not too high for too long. If they were high, then prices wouldn't have had the run up that they have. And we wouldn't be in this situation. But again, we had two percent, some interest rates in the one percent. So they were too low for too long, too much quantitative easing. You guys also see that the Federal Reserve already owns our assets. They are mortgage holders. The Federal Reserve affects the mortgage market. Look at the assets held by the Federal Reserve. As far as mortgage backed securities, they have two point one three trillion dollars. You guys, they purchase loans from Fannie Mae and Freddie Mac. That's why I'm always telling you, Fannie Mae and Freddie Mac is just the long arm of the Federal Reserve. When we look at total assets held by the Federal Reserve and not just mortgage backed securities they own of our assets, of our United States assets, six point six five trillion with a T dollars. We ask questions like, does Trump have the power to fire Powell? Here's what it says. Yes, but only in one instance, according to Section 10 of the Federal Reserve Act, the president can remove any member of the Fed's Board of Governors for cause, which is broadly interpreted to mean malfeasance, neglect of duty or inefficiency. Sounds like everything he's doing to me, but they cannot be removed for policy differences such as Trump's disagreement with the Fed's wait and see approach on interest rate. Trump has to prove there is sufficient cause to successfully remove Powell. And to me, all you got to do is look at the debt and look at the assets. If Trump fires Powell, is he immediately out? No. Under a four cause removal, Powell would have the chance to respond. It's unclear how much time Powell would have to respond. What happens once Trump issues his removal order? A removal order would mean Powell is effectively fired, but he could still sue. He would have to argue that his firing was unjustified and show why it's crucial for him to remain a chair. What happens to the Fed in the meantime? If the courts issue an injunction, then Powell remains at the Fed as a chair during the litigation. However, if the courts don't issue a preliminary injunction, the Fed chair, Philip Jefferson would be responsible for Powell's duties in the meantime. Mitch, I'm going to tell you so far, everything I've heard is not taking care of the problem. Firing the man at the top of the hill is not going to solve the problem, which is the debt and overspending. They're not talking about the root of the problem. Obviously, can you explain to the viewers why Jerome Powell is just some big shot banker and how the Federal Reserve is really just a backstop for banks? That's all the Federal Reserve is. Can you articulate that to the viewers and help them to understand why the Federal Reserve and Jerome Powell is so evil to our country? First off, what we're witnessing is nothing more than political theater. It wouldn't take me but seven questions to knock Mr. Powell out under malfeasance. And then when you realize that the Federal Reserve and the central appraisal districts are the two largest purveyors of fraud on the planet, it is not the man, Jerome Powell, that is the problem. It is the existence of the Federal Reserve. And I've attacked the Federal Reserve on video multiple times with math to prove that they are not there for the public. They are not there to help a single mom or pop. They are there to backstop the banks initially from a bank run. But even that concept way back in the late 1920s was a failed concept. Let the banks go bankrupt that do not and cannot support their own income stream. Period. That's how you get the fraud out of the system. So the idea that they've got even more fraud through the reverse repo is an even bigger problem. That's all 100% taxpayer money sitting there. This is all taxpayer money. And then when you print more money because they need more money in order to pay for the interest on the outstanding fraudulent debts that they've created, just like the central appraisal districts, you end up with hyperinflation and you end up with lack of credibility in the government itself. So the truth of the matter is Powell is the head of a snake and the snake has to be destroyed. It's the only salvation. You've got to get the fraud out of the system. It's not an attack on Jerome Powell. I could care less. It is an attack straight on of the Federal Reserve's existence itself. Nobody wants to pay attention to the underlying factor, including what happens with Tesla. It's mom and pop. If mom and pop don't have the median income to be supporting the fraudulent debts that you have created, you are in fact the cause of the problem. And then you try to say, well, we're going to raise money, we're going to print money, and then you cause more problems to try and fix the original problem that you created. It is the existence of the Federal Reserve and the are the two largest purveyors of fraud on the planet. They must be eliminated. Do you think that Jerome Powell should be arrested? No, no. He's an attorney. Most attorneys can't act. He looks at it and says, well, I want to maintain stability, but he doesn't know what the definition of stability is. He doesn't know what mom and pop's median household income is in Texas, in Missouri, in Arkansas, in Alaska. The truth of the matter is found in the median household income. If mom and pop don't have the money, you can play all the shenanigan games you want on an amortization schedule and a compound interest calculator. It's all games. It simply isn't backed by anything that's credible. There's no assets under the hood. Mom and pop, as the idea of using them as an asset to backstop fraudulent debts created by the school districts, is a fallacy. It cannot happen because they don't have the money. You can't get blood out of a stone. Nobody can. And this will end up in the bankruptcy of over 37 percent of the households across the United States because these entities exist. And if that happens, that's 42 million houses. People that are going to lose the roof over their head, what these politicians are telling, is nothing more than a fantasy. Yeah. You know, I like what you said, because it was like a cold water being splashed on my face. The collateral, okay, their collateral for all the stuff that they're doing is our hard work. That's their collateral. Me, me being a slave to debt and having to wake up to pay my bills and being forced in that situation is their collateral. That's crazy, Mitch. And speaking of crazy, speaking of our forefathers turning in their graves at what, from what the United States is doing to their own people. Let's now go into the segment where we're going to talk about the black letter of the law. So you did this, you wrote this article yesterday. It's only two pages. Mitch, will you go ahead and read this in to this video now? And I just first, I want to say thank you for making this, by the way. This is a very good history lesson on how things should be whenever you're ready, sir. Just before I do that, you gave another key word there. So I just want to come back for a second. Debt is a weapon of mass destruction, but levered debt is an assurity of destruction. So with regard to the black letter of the law, violating the black letter of the law is an attack and an offense to America's founding principles, which were created as a result of the American Revolution of 1776. Nibbling away at, not teaching, or being willfully ignorant causes generations, including this generation, not to know of or understand the War of 1776, which was the American Revolutionary War being fought between 1775 and 1783, during which the 13 American colonies sought independence from British rule. The conflict began with rising tensions over taxation and governance, accumulating in the Declaration of Independence in 1776, and ending with the Treaty of Paris in 1783, which recognized the United States as a sovereign nation. The Declaration of Independence and the Constitution of the United States of America address mankind's most basic political questions, resting on a firm moral foundation, the articulation, the first principle of political organization, the severe futurity of the nation from its inception to today and into the future, as those generations face the same basic questions, whatever their particular circumstances, whatever their state of material progress. The principles of the founders, articulated in those two documents, transcend both time and technology and must never be diminished or ignored. Government officials must respect their oaths to uphold the Constitution, and we, the people, must be vigilant in seeing that they do. It is up to us, individually and collectively, to teach each generation to preserve and protect these unalienable rights for us and future generations. The first tier of critical thought in the Declaration of Independence of 1776 affirmed that just government is grounded in the consent of the governed, meaning it is the people that govern the government, not the other way around. Without question, God's authority, the American view, broke with the then prevalent notion that legitimate political authority derives from divine right. And without challenging the classical premise that citizens should govern and be governed in accordance with human nature, America's founders rejected the classical idea that wisdom or moral virtue provides decisive title to rule. America's founders held that while human beings are not equal in all respects and not free in all ways, we are born equal in rights and therefore neither masters over nor subordinate to others. Each has equal right to govern himself or herself, but no one has the right to govern another. One crucial exercise of the right to govern oneself consists in consenting to the exercise of political authority, the practice that means that each has obligation to obey only those laws, the disagreeable as well as the agreeable, that issue from the established constitutional process to which he or she has consented. Consent can be given expressly as in the formal ceremonies by which immigrants officially acquire citizenship or tactically as in the manner of the native born who acquire the obligation to obey the laws through living under them and enjoying their benefits. The second tier of critical thought of 1776 recognized that government's primary purpose is to secure natural or unalienable rights. America's founders parted ways with the traditional view that government's purpose is to perfect or save souls, but the parting was not driven by inference or hostility to the higher concerns. Rather, the founders proceeded from the conviction that care of the soul was the proper responsibility of individuals, families, and religious institutions. Securing rights did not preclude government from assuming additional responsibilities provided that they were consistent with the equal rights of all to advance the common good. The founders did not hold that a fundamental purpose of government is to provide directly for the people's material needs or to ameliorate all unfortunate circumstances. They instead understood the role of government as securing the conditions, including the economic conditions that would allow Americans to be responsible to employ their natural rights to provide for themselves, their families, and those under their care. The third tier of critical thought in the Declaration of Independence maintained that religious liberty, the right of individuals to worship in accordance with conscience, was essential right. Far from expressing or implying antipathy to religion, limiting government's authority over religious belief and practice stemmed from a determination to protect faith. Prohibiting government from establishing religion or impairing its free exercise reflected the belief that true religion could not be dictated by civil law because it was grounded in conscience and choice. Another reason to restrict political control over religion was the distinct tendency of government officials to lack competence in interpreting scripture and managing religious teaching and observance. From the founders' perspective, moreover, the spirit of liberty and the spirit of religion were not political antagonists but rather political allies. In their view, since human beings are by nature free and equal to be endowed with reason, only faith practiced in accordance with the conscience could be pleasing to God. And because the numerous Christian denominations at the founding affirmed that every human being is precious in God's eyes and that power must be divided between church and state, religion in America bolstered the nation's natural rights principles. These three critical thoughts of 1776 being grounded just government and citizens' consent, focusing government on securing rights, and protecting religious liberty out of respect for faith must never be diminished in any capacity whatsoever. We are here approaching 2026, the 250th anniversary of the Declaration of Independence, and the strife we face is a direct result of those who dare diminish by ignorance or intent for political gain the most important nation-founding documents ever known. Study the origins. Study the War of 1776. Integration into American constitutional government and implications for today's challenges should be promptly be placed at the center of civic education in America. Study the origins. Integration into American constitutional government and implications for today's challenges must be adhered to by the government officials whose job it is to adhere to the rule of law, not ignore it for expediency. And this document ties to another document that I'm working on now, and you'll see where all this is going on that next go-around, but what's happening are for expediency and not for truth. Mitch, I will say round of applause. That was absolutely phenomenal writing. I really appreciate that. To the viewers, comment below. Let us know if what he just read to you made a difference in how you are looking at the government and how they're treating us. Let us know below. Keep commenting, you guys. Mitch, I absolutely love it. You guys, I'm gonna get out of here. We're gonna end on that note. Think about what he's saying. Think about the Constitution. Think about our Declaration of Independence. Think about what we went through already. And remember, we have to hold them accountable. Now, other than that, guys, if you're out there trying to learn your rights, if you're just trying to live your life and afford to live, you guys already know we wish you luck, and we hope you win.