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Venezuela Earthquake, Socialists Surge in NYC, SNAP Program EXPOSED | PBD Podcast #824
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ITR Economics: Global Depression Predicted for 2030–2036
At 1:21:30 · chapter starts 1:17:00
Patrick introduces ITR Economics — a private forecasting firm operating since 1948, claiming 94.7% accuracy by its own audited methodology — and walks through its five-driver depression thesis: aging and shrinking workforce, high government debt, rising entitlement obligations, slower productivity growth, and simultaneous demographic shifts across all developed nations. [1] — Patrick Bet-David "ITR Economics, which has been accurately forecasting economic cycles since 1948 with a 94.7% accuracy rate, predicts a major global depress…" 1:17:00 Tom responds by validating each argument: Social Security and Medicare debt are already in crisis, interest on the U.S. national debt now exceeds defense spending, and no politician on either side will campaign on the necessary reforms. He compares the coming scenario to 2008-09 — but warns this one won't bounce back to 2013, it will be a prolonged trough. Adam draws the 100-year parallel to the Great Depression: Black Tuesday 1929, 25% unemployment in the 1930s, bank failures, and a recovery only enabled by World War II. Patrick argues the only structural fix would require campaigns on cutting Social Security, slashing SNAP, and extending retirement ages — all electoral poison. He closes with practical advice: diversify into gold, real estate, stocks, crypto, and non-duplicatable assets. He also cites Social Security insolvency projected for 2032, which would trigger a mandatory 22% benefit cut affecting 70 million Americans.
ITR Economics, which has been accurately forecasting economic cycles since 1948 with a 94.7% accuracy rate, predicts a major global depression beginning around 2030 and lasting until 2036. The drivers: aging populations, government debt, entitlement obligations, and slowing productivity across all developed nations simultaneously.
ITR Economics, accurate 94.7% of the time since 1985, forecasts a major global depression beginning around 2030 with a trough around 2036.
GTA 6 cost $2 billion and 13 full years to develop—more than the $1.5 billion cost to build the Burj Khalifa.
Social Security statements have warned for over 20 years that the fund runs out around 2032. When that happens, benefits face a mandatory 22% cut. With 70 million beneficiaries and no politician willing to campaign on reform, the collision is unavoidable.
Social Security is projected to become insolvent by 2032, at which point benefits could face a mandatory 22% cut affecting 70 million Americans.
Apple raised MacBook Air prices by approximately $200 (up 20%), with iPads rising 15–25%, causing a $268–270 billion drop in Apple's market capitalization.
Apple raised Mac prices 15–20% and iPad prices 15–25%, wiping out $268 billion in market cap. Microsoft followed with increases up to 31%. Tom explains the root cause: chip demand has exploded with AI data centers while supply has not kept pace.
