# 5 Things to Watch for the Next Economic Recession

## Метаданные

- **Канал:** Gary Vaynerchuk
- **YouTube:** https://www.youtube.com/watch?v=NgCYpOEPWos
- **Дата:** 06.12.2018
- **Длительность:** 9:03
- **Просмотры:** 123,422

## Описание

College debt is going to tear down the economy.

And when that happens … the “brand” of colleges will collapse just like the brand of Wall Street banks collapsed in 2008.

We’re going to start having much needed conversations around the future of education and what actually matters.

—
If you haven't joined my #FirstInLine community, you need to jump on it ASAP! By joining #FirstInLine, my messaging program, you get details on exclusive giveaways that I'm doing, updates regarding my keynotes/conferences, and more ;) You can join here:
https://garyvee.com/JoinFIL

Thank you for watching this video. I hope that you keep up with the daily videos I post on the channel, subscribe, and share your learnings with those that need to hear it. Your comments are my oxygen, so please take a second and say ‘Hey’ ;).
—
Get my newest shoe here:
https://garyvee.com/GaryVee003
—
Follow my journey as an #entrepreneur here:
https://www.youtube.com/playlist?list=PLfA33-E9P7FA-A72QKBw3noWuQbaVXqSD
—
► Subscribe to my channel here: http://www.youtube.com/subscription_center?add_user=GaryVaynerchuk

►Check out my second channel here:
http://www.youtube.com/askgaryvee
—
Gary Vaynerchuk is the chairman of VaynerX, a modern-day media and communications holding company and the active CEO of VaynerMedia, a full-service advertising agency servicing Fortune 100 clients across the company’s 4 locations. 

In addition to VaynerMedia, VaynerX also includes Gallery Media Group, which houses women’s lifestyle brand PureWow and men's lifestyle brand ONE37pm. In addition to running VaynerMedia, Gary also serves as a partner in the athlete representation agency VaynerSports, cannabis-focused branding and marketing agency Green Street and restaurant reservations app Resy.

Gary is a board/advisory member of Ad Council and Pencils of Promise, and is a longtime Well Member of Charity:Water.

Gary is a highly sought after public speaker, a 5-time New York Times bestselling author, as well as a prolific angel investor with early investments in companies such as Facebook, Twitter, Tumblr, Venmo, and Uber.

Gary is currently the subject of DailyVee, an online documentary series highlighting what it’s like to be a CEO and public figure in today’s digital world, as well the host of The GaryVee Audio Experience, a top 100 global podcast, and host of #AskGaryVee, a business and advice Q&A show which can be found on both YouTube and Facebook.

Gary also appeared as judge in Apple’s first original series “Planet of the Apps” alongside Gwyneth Paltrow, Jessica Alba and Will.i.am.
—
Check out my Alexa skill!:
http://garyvee.com/garyvee365
—
Follow Me Online Here:

2nd YouTube: http://www.youtube.com/askgaryvee
Instagram: http://instagram.com/garyvee
Facebook: http://facebook.com/gary
Facebook Watch: http://facebook.com/garyvee
LinkedIn: https://www.linkedin.com/in/garyvaynerchuk/
Snapchat: http://snapchat.com/add/garyvee
Website: http://garyvaynerchuk.com
Soundcloud: http://soundcloud.com/garyvee/
Twitter: http://twitter.com/garyvee
Medium: http://medium.com/@garyvee
Podcast: http://garyvaynerchuk.com/podcast
Wine Library: http://winelibrary.com
Official Merchandise: http://garyveeshop.com

Subscribe to my VIP Newsletter for exclusive content and weekly giveaways here: http://garyvee.com/GARYVIP

## Содержание

### [0:00](https://www.youtube.com/watch?v=NgCYpOEPWos) Segment 1 (00:00 - 05:00)

man doing God do I want the world you got your perspective how many of you were collecting debt for college tell truth that's okay just curious that to me is like the thing that I'm spending my whole life trying to figure out go ahead yeah how just new guys college is [ __ ] new in 1940 which is five minutes ago not everybody's [ __ ] dream was to go to college I don't know but I know it's in trouble you know like this conversation was not happening ten years ago when the economy collapses on the back of all the college debt that all of you are occurring and everybody blames the racket of college for it it'll be like banks or other things the brand will be so bad the conversation will change and I do believe that you will be the generation of parents that don't force your kids to go to college so I think 30 I think Stanford Harvard I think the top 17 will be able to hold on a little bit longer just on brand but I think the really good schools like the state schools like kind of that upper-middle I think they're very vulnerable Michigan is an amazingly good school but collecting two hundred thousand in debt with that interest rate for a good solid Michigan degree in the real life the day after no way yeah I'm gonna get all that so this machine that is stupid now gets really smart because we'll go from 280 to 590 in revenue in 24 months it'll be profitable revenue because the world will melt and I'll be able to hire all the people from other agencies for 25 cents on the dollar at the same time a bunch of companies are gonna be over leveraged and I'm gonna go out of business and I'm gonna be able to buy those businesses with the cash flow of the 590 at higher revenue then the economy should turn back in 12 years and I'll be able to sell those businesses at the frothy end and buy the Jets Super Bowls you see what I'm doing I'm playing the reverse game so everybody thinks it's stupid now because they don't understand it's over valued then it's gonna seem very smart and then I maybe will show this video and be like it wasn't an accident which will only compound the smarts of it and I'll be 62 and have 40 years to play all on the equity of like pulling off a billion dollar thing on smarts not luck on humility of eating [ __ ] for a decade in my prime right like kids are gonna watch these videos and be like he was [ __ ] 39 he was 42 like I'm 26 and he was patient that's why it worked I'm gonna do nobody's ever seen anybody playing we didn't get to watch Steve Jobs his first nine years I'm not that I'm Matt or this and that just like we didn't get to see Bezos packing books no powerful and be right now how many views do you think how many you know if Jeff Bezos was doing a blog those first 50 episodes of him packing books in a [ __ ] garage would happen 80 million maybe a fourteen billion right everybody would watch it I mean everybody yeah so how'd you like to watch Michael Jordan's first three off seasons and the work he put in so there's a lot of thought that goes into what I do that I don't speak about or I show glimpses of and things like this my team talks a lot about like me not talking about being smart as you guys know like none of my content is okay done being smart that's just gonna speak for itself when it's all said and done I don't need people to think I'm smart if you want a BMW on money you don't have because you want to look good amongst your pure set that you've made it and you haven't you will lose you'll lose especially during this era right now where the market is good if you're not winning right now you really [ __ ] suck it's the truth because this is not [ __ ] you know 2001 this is not 2008 you know any less people buy water filtration systems when the [ __ ] market collapses less people give me less people buy [ __ ] cases of $4,000 wine like today this is happening at Wine Library when the market collapses less people you know many less people

### [5:00](https://www.youtube.com/watch?v=NgCYpOEPWos&t=300s) Segment 2 (05:00 - 09:00)

are buying [ __ ] homes a lot less people real life and like what's so fun for me is this is 100% I will not live the rest of my life in a bullish market and growth so like recalling like I can't wait to air this content the day the whole [ __ ] world melts and it's gonna be like I told you so and I hope you did something about it because now it gets really weird I'm gonna be so right about that historically right about that they're lending money to kids in huge that there's nothing else to say the banks are doing it again this time it's not [ __ ] Morgan things you guys understand better I don't still don't fully I mean I understand packaging up or [ __ ] and not having a true recognition or a true system they're like you guys probably in the younger set you guys know you have friends or acquaintances who are 180,000 in debt a 9% interest are making 47 thousand a year and are buying expensive [ __ ] or have a new apartment we're just we're counting everybody else's points too much worry about your own [ __ ] now that bubble will burst and then we'll get to see who's still around and then we'll see everybody else who says entrepreneur in their Instagram profile right now when they're working in Bank of America in 24 months and so that's what I'm waiting for I'm I'm most excited for and waiting for and hoping for complete global economic pardon so that we can weed out the B and C and D players I don't think by the way that's where I think this is so fun I think that is a high note it's the same way I'm looking at what's happening now the truth should win if you're a piece of [ __ ] you should lose if you're not a good entrepreneur you should have a job merit and the truth are always the winners in the macro we're just in a micro right now and people are confused and God do I want the world you know why people are confused everybody thinks I want the world to melt because I do a bad job communicating because I like keeping a lot of [ __ ] in that I'm gonna take advantage of it I want the world to melt because people are gonna be happier that's really interesting Tom people are in fake environments no listen this is why tom smart man he gets it right away I'm serious people can be happier because everybody's living a fake life right now and keeping up with the Joneses and when everything melts everybody gets back to the right not paying the piper in 2009 in America for the economic melting and going through seven years of a recession and us propping up [ __ ] our culture in a way that nobody talks about have you read the stand by Stephen King I don't of course I already knew the answer so here we go yes because it literally speaks for exactly this the center character of the book is somebody who's just popping off as a musician right when this world ending flu happens but the guy survives and so he goes from everybody loves me they're treating it as well I've got free cocaine and then now no one knows who the [ __ ] I am and that whole machinery that was about to make me like the biggest thing in the planet just fell out from under him and he stole oh and what's not so low because there's you know enough people to survive but he realizes like all that [ __ ] that he was chasing now that just doesn't exist so there's like the simplification of life and to your point as he gets beyond that hunger for the fame and the adulation and just has to deal with staying alive like his life actually gets better I love this [ __ ] so [ __ ] God can I not wait for the economic meltdown because it's the beginning of happiness at a bigger scale

---
*Источник: https://ekstraktznaniy.ru/video/18103*