Juan O Savin explains why certain places, like NYC and LA are going to be hit hardest by an imminent bond crisis, due to the 20-30 year bonds that built infrastructure coming due. With nothing to back them up, the kickbacks and grift gone and no new money to bail them out, things will be allowed to fall apart.
The bonds created in many cities had most of the money go to the middle men and nothing of value remains. This was particularly bad under Obama and the Affordable Care Act is in similar circumstances.
The collapse of these institutions may cause hardship for many people but in reality, the cold dead fingers of the Fed are being removed from our honest money.
Stock up on commodities for the short term and understand that at the end of this event, the world will look vastly different.
TRANSCRIPT
Nino: It looks like the Democrats are gonna have to surrender a few things. Also, Gavin Newsom’s out there early campaigning for president. He’s basically made his announcement. Basically, the articles are writing that he’s campaigning for 2028. We got Mamdani in New York. I mean, it looks like they have some moves. Are they gonna try for something?
Juan: Oh my gosh, you think you think we’re worried about Newsom running? Does he have a you know, I told a couple of guys that are running for governor, I said, “You guys are absolutely insane, running for governor there in California. Do you know what’s about to happen?”
Do they have any concept that the only reason Newsom’s there is to keep his fingers and toes in the dike, in all the holes that are that are erupting. He’s the sacrificial lamb! He’s gonna have to own what what’s coming.
Nino: OK, so let’s let’s talk about what’s coming. (Commercial break) Let’s talk about this. So, the government shutdowns looks like it’s going to to end, right and what were the stipulations?
Juan: Well, the It’s temporary, because this is all gonna be reissued, revisited again in January. And in the meantime, we’re gonna have a vote on some of the healthcare stuff, which is the real core of this whole thing. Are we gonna keep Obamacare? Which is – we said, back when the whole thing was voted, it was unsustainable.
But they had to you know, go do their little thing. Remember, Nancy Pelosi said “We gotta vote this bill in, so we can find out what’s in it!” What’s in it? (Laughs).
Nino: That’s the craziest thing I’ve ever heard of my life!
Juan: Right? I mean, it was insane at the time, but you know, we got to vote it in to find out what’s in it. OK, well, we know what’s in it now, Nancy!
Nino: Is this the Democrats basically surrendering?
Juan: Well, remember, nobody on the Republican side folded. Eight Democrats had to walk across the aisle to vote this temporary fix. Again, it’s only you know, two months. So, it’s not like this is a permanent fix or like that. And in the meantime, we’ve got a healthcare vote it’s gonna come up in December. So How’s that gonna go?
Nino: I saw Bernie Sanders just, you know going crazy on the Senate floor, talking about, “You can’t do this! This is not cannot be happening! Don’t surrender!” You know, that type of stuff.
Juan: Well Let me just help you out a little bit. First off, as we get further in, Jamie Dimon, over at Chase, he made a comment several weeks ago. He said that there’s a bond crisis coming. He doesn’t know if it’s six months or six years, but it’s coming.
Well, that bond crisis the center of gravity of that whole thing. This Black Hole is two places, it’s LA and it’s New York and they have written all sorts of bonds for developing everything in the world. They’re bleeding money off the bonds illegally for other projects. There’s an accounting coming and that’s why Dimon was saying what he was saying. It’s out there, but it’s probably sooner than later.
Let’s say, in a perfect world, they got it a year and a half two years out. Dimon says it could be as soon as six months, as long as six years It’s out there, looming.
Let’s say that they are able to hobble this thing past the 2026 election. Whoever wins is going to be facing that and what it means is you can’t sell all of your developmental bonds; everything you want to do all of the hopium that you want to sell to voters, suddenly, you can’t finance it. There’s no money to do it. You’re pushing it off in the future. Well, they’ve been pushing it off in the future for 30 years. The future’s here. (Laughs uproariously)
Nino: So, what now, that they’re having to go with along with Trump’s agenda, basically, is what we’re watching, here and they’re surrendering little by little. We’re gaining ground on the Democrats. What panic moves did they have left? I mean, obviously, I think Newsom’s a big panic move, because I don’t think he has a chance and then we got – it looks like the Right is being infiltrated. It looks like, in my opinion, TPUSA has been infiltrated. It looks like – I don’t know – and I’ll say it right here: I don’t trust JD Vance. I don’t trust these people on the Right. I mean who’s gonna be Trump’s successor?
Juan: That’s a little early to worry about that right now. I get it. But you know, the reality is we’re in the fight that we’re in right now. You don’t know who’s gonna continue to emerge out of this. There’s so much that’s about to happen. I know there’s a lot of people that would like us to just dance past this moment in history and get bogged down with things three, four years down the road.
The reality is is the things that are happening right to second will so morph and change everything, you know about the country in the world that the world we will live in, three or four years from now – and be voting in then – is unrecognizable to us, right now. It’s dark, it’s too far out there, because there’s so much that’s going to happen.
Look, we still have a Great Reckoning coming for America, a Near-Death Experience. We haven’t actually experienced that, yet. It’s coming, on multiple fronts and the people that will come through that, surface out of that –
Nino: A Black Swan event?
Juan: Well, you know, it probably defies some simple explanation but there’s things that you’re not anticipating fully; the media is not anticipating.
Look the buying bond crisis I’m talking about. That’s very real. I remember when New York went bankrupt previously and they had to get federal assistance to do the bailout and reorganize stuff and all the politicians at the time knew it was coming but they also knew that they were going to get assistance to get through this.
This is not the same. Trump has already said, “Look, go where you’re going with the electing Mamdani and things like that. Don’t look to the Feds for what you want for money. We’re not gonna bail you out.”
Nino: 700,000 millionaires are moving out of New York City. Did you hear about this? Projected 700 – who’s he gonna tax?
Juan: Well, it’s it’s not just the tax. You know, those people support political campaigns, they’re connected to a lot of stuff. Real estate prices are made in the margins. If you have 5% greater people buying then there is properties or 5% less, prices move radically and they move down faster than they move up.
So when you’re in a down market, if you have 5% less buyers, prices don’t drop by 5% they tend to drop by 20, 30, 40 percent and that’s what’s going on in the country, right now. Certain pockets, where people are fleeing to, yeah real estate’s still strong and going up. But across much of the country, you’ve already gotten it, you’re already in a real estate price collapse.
For most of the people – I mean, I just got coffee a few minutes ago and beautiful folks in there. Younger folks tend to work in these types of jobs. They they have a certain zone that you’re in. You know, “I got to pay the rent, I get the gas, I get the kids at child care,” you’re not paying attention to all these bigger things going on in the country but they’re about to get their heads handed to them on a plate, in many ways, because the economy is going to be in tough shape for a little bit.
It’s gonna get radically better, when we get rid of some of these monsters that are in there but there’s crisis just ahead and you know, you got wars that people are trying to get us sucked into. They want to create a crisis for Trump that they can pin on Trump, even –
Nino: Going into 2028, right?
Juan: 2026…2028 is quite a ways off, if you get right down to it and people may want to – just like with Newsom, he’ll be starting his campaign, now because, you got to get everybody in there on the money. You got to get the donations, you gotta start talking now.
But the reality is Trump has the luxury of not saying anything about running in 2028. Everybody knows it’s a possibility and who else is out there to do it but the reality is, too – we also don’t want to be bogged down with 2028. Trump wants to work on right now and these people would love to just dance past the here and now.
The here and now is that you’re coming into a huge financial crisis, when he shut the government down, in part, it was, “Do it now or have it happen in the 2028 election, because healthcare, the way it’s set up cannot be maintained.
Nino: Do you think he had to do it now? He had to pull the trigger now? This was strategic?
Juan: Well, because you’re about to go over a cliff. Do you stop in time, to stop from going over the cliff or do you just wait till you’re actually in the air flying and pointing out, “Oh, look at all this! I never saw that, when we’re standing on top of the cliff! I never saw that wall there before! How far down is down?”
Yes cannot sustain where we’re at with the expenses of this Marxist-Communist healthcare plan that they threw in place. It was always intended to destroy America, to break America’s back. You got Obamacare. It’s unsustainable. It sucks all the life out of the rest of the economy.
And let me give you this example, Nino, I just want people to think about this: Who benefits, the way it’s set up right now? Half dozen health insurance companies, nine or ten. They’re sucking all the life out of the broad economy, not to fix people to help people to take care of people but just to fatten their pockets. That’s the total reality of it. You can say anything you want. That’s the facts and It’s not for the people. It’s for a handful of people that are getting massively, unbelievably wealthy.
Let’s Look at the bond situation, because it helps people to understand: Bonds aren’t like going in and investing in the stock market in the general sense, which is really gambling day to day, at some level.
In a bond thing, you’re writing a bond for 20-30 years and you’re asking people to give you money right now and you give them steady money, over the next 20-30 years in the value of that bond.
So, bond prices, interest rates, the money that gets paid-out is relatively modest, you know, five six seven eight percent. It’s for little old ladies and orphans that can’t watch the market, moment to moment; can’t do that.
They tend to put this money, bond money payments in their portfolios, so that they for sure have rent money, food money, you know, medical money, whatever.
These bonds have been going for things like schools and school development, water districts, road improvement bonds, things like that, to get you know from one side of town, across the bridge to the other.
The problem is this: When you do a bond like that, there’s a law firm that has to set it up, work out the details, work with the project manager, program manager, to run it all out; the unions that you know help finance the ballot campaign, because everybody gets to vote on it, for property owners. They’re the ones that get hit with this, people that own property.
People think that, “I rent. I have an apartment.” Well, the guy that owns the apartment building has to pay this bond money for the region.
Well, so you have lights and roads and all sorts of other stuff. Here’s the problem: Everybody gets paid up front. The law firms, every year they come in, because they’re managing a 20-year bond to get paid. It’s like a life insurance salesman and they get paid the whole time it’s out there, once the bond is done, to run the money from here to there, somewhere else.
I was looking at a school bond in California the other day and in this school bond, they built like $1.2 million to do a little stadium thing for this small county. And when you looked at how much it costs, by the time they were done paying all the interest and all the fees to the law firm, everything else, this $1.2 million stadium ends up costing the taxpayers something shy of $20 million, because it was supposed to be a 25-year bond and then they put an extension on it to pay the interest off over more time and it ended up being like 40 years or something.
The stadium is old now and it’s got all sorts of needs for maintenance and upgrades and things like that. They’re having to do an extension bond that’s paying interest on the interest, looking for financing for the interest.
That’s not just that project that was an extreme example of the same thing in lots of other lanes. So all of a sudden, the property owners wake up. “We’re not getting anything fixed, right now. There’s potholes in the street. The plumbing for the water pipes around town are all crap and we got to do something more,” and they’re not looking to run a bond. They’re doing extension bonds to just work out how we’re gonna pay the interest on the unpaid interest on the previous project that’s been in place for 20-25 years.
At some point, people don’t want to buy that and they don’t trust that government’s going to be able to sort it out. That’s why New York went bankrupt, previously and they’re about to go bankrupt, again, because, the money’s all been spent – all the law firms all of the construction companies already got the money. It’s done. And now, you’re gonna come back for more and you haven’t even got the stuff that’s there, that’s depreciated –
Nino: So, there’s this Great Reckoning that’s coming is gonna be a financial catastrophe of epic proportions, basically and it’s gonna happen on Trump’s watch?
Juan: Well, it’s coming, you know, if you say six months or six years, that’s after Trump, if he doesn’t run again. There’s there’s some moment where you can only paper it over for so long.
Nino: But then is that when we switch to a new gold-backed dollar the whole thing or are we going to the new system?
Juan: Well, you’re skipping past a couple of steps. The reality is, bonds have to be sold on the open market and people have to buy them. People from here, people from around the world, they buy these bonds, because they’re a sure way to take care of grandma in her old age to have stability and, “I don’t want to gamble in the markets every day and the stock market and have to worry about that,” and “We got big money and I want to do it.”
If if you’re gonna get paid back with dollars that are worth less than what you put in, then you need more interest rate on the bond to make up for this to cover inflation. You don’t want to be a wash. You don’t want to put money in and when you get it back out it buys 10% less than when you put it in and you only got 8% interest. You go do something else. That’s what’s coming.
Jamie Dimon is not the riprap, OK? He’s trying to forecast where people should be putting their money out in the future. And he’s also wanting to be on the record being on the right side of history. So he’s telling everybody to listen to him: There’s a Great Reckoning coming in the bond market. The bond market is kind of foundational to the rest of the economic markets. It’s foundational to “what’s your money worth, moving forward?”
He’s forecasting to you that your money is going to be worth a lot less and that people aren’t going to be willing to invest in infrastructure in America in that vehicle. When that happens, when you can’t sell bonds in the market, because the money you’re going to get paid back isn’t worth as much significantly less than your it’s worth now and you’re not even sure that the the government’s gonna be able to pay you back, you’re you’re in deep sh¡t and that’s what’s coming.
And it’s it’s going to start in Los Angeles and New York. Why? Because that’s where the most fraudulent bonds have been being issued, where there’s the most hands in there sneaking a percent here and a percent there and a percent somewhere else out and diverting it to their buddy for political purposes, for things that aren’t legally what the bond was supposed to cover.
It’s supposed to cover, let’s say infrastructure, capital items, buildings, physical improvements and a lot of that money has been being diverted for school lunch program, for extra pay for teachers. There’s a lot of it, there.
Nino: Illegal immigrants!
Juan: That’s actually true, because they’ve been papering-over, they’ve been stealing from the future and stealing from real investments to get a short-term push and then, they’re supposedly gonna pay the money back into the bonds at a later time. Well, there’s no money to pay back in. It’s like somebody –
Nino: We have a remedy for this, right?
Juan: Well, hold on, it’s like the person that steals a little out of the cash register and they’re gonna put it in before the close happens at the store and nobody will know the difference. But they’re gonna cover something for lunch, right and somebody’s gonna drop by and give me some money. “I’ll put it back in the cash register later,” and then nobody shows up. All of a sudden, the cash register is short.
They’ve been stealing from the cash register on a lot of these projects and as they get to this moment of reckoning, they’re not going to have what they’re supposed to have to be able to do it…So at the end of the day, we’re coming up in this moment.
That was also being done in the healthcare stuff and there’s going to be money to show up, later. We’re going to be able to do that. Obamacare was going to fix everything – and it’s not – and so now, they’re they’re wanting to amp it up, amp it up, amp it up, take more out of other areas of the economy, just to cover that.
And where’s the money going? It’s going to a handful – not thousands, not hundreds – it’s going to, the real number is six, but probably nine to twelve private groups. Insurance companies are owned by a handful of Globalistas, the usual suspects, to feather their nest and it’s sucking all the air out of the rest of the economy, the rest of the government.
It’s unsustainable and that’s why Trump’s making this one of those things that he won’t back off of. He won’t. And so, come December, we’re gonna have this huge vote on this and you got a bunch of Marxists that want to continue with the Obamacare plan and as Trump has said, “By the time I’m done, it’ll be like you were never here. We’re gonna wipe out that whole Obama Operation, because it never was healthy for America and it wasn’t getting Americans healthy and we’re gonna stop it.”