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US ECONOMY TRUCKING INDUSTRY Real Estate Mindset: Trucker Layoffs EXPLODE \| Dire Economic CRISIS PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=lLiII5omAl8 Peter Burgess COMMENTARY I do not know exactly when and where this video was compiled ... likely sometime in early May 2025. I am archiving this video to remind me os the confusion that Trump has created in the US economy ... and to a less extent in the world economy. Trump is going to go down as the biggest failure in American (US) history ... and the sooner the better. Every day that passes, the problem of US recovery gets bigger. This past Wednesday, I made a trip into New York City from my home and workplace in the Poconos of PA. I was struck by the very small amount of truck ... heavy truck ... traffic on the highway. There might have been other factors in play, but the normal traffic congestion was gone! Sadly ... YouTube and the advent of easy AI is adding to confusion and misinformation as much or more than it is adding to reliable facts. There os a big difference between a video being 90% reality and 10% augmented information than the other way round ... but a user like me cannot know which is which. This is wrong ... and Google needs to fix this ASAP! Peter Burgess
Trucker Layoffs EXPLODE \| Dire Economic CRISIS Real Estate Mindset May 22, 2025 191K subscribers ... 70,277 views ... 2.9K likes Collaboration Trucker Layoffs EXPLODE \| Dire Economic CRISIS Empowerment Center: https://real-estate-mindset-homebuyin... Subscription Chat Based Discord: / discord Free R.E.M. Discord: / discord Petition to End Property Tax: https://www.mockingbirdproperties.com... Step by Step and Simple Criminal Complaint: https://drive.google.com/drive/folder... Home Buying Master Class Course: https://real-estate-mindset-homebuyin... How to Do a Market Analysis Course: https://real-estate-mindset-homebuyin... How to End Property Taxes: https://real-estate-mindset-homebuyin... Fight Your Property Value (Protest Tax Home Assesments) Course https://real-estate-mindset-homebuyin... CHECK OUT SOME COOL REM GEAR: https://realestatemindset.myshopify.com/ Mitch Vexler Contact Info: https://www.mockingbirdproperties.com... REM correspondence email: Travis@RealEstateMindset.Org 0:00 - Intro 2:15 - Trucker Layoffs 4:40 - What is Causing the Mass Layoffs? 10:18 - Will Things Get Worse for Truckers? 14:26 - Just a Speedbump for Texas? 17:06 - English Speaking Only Requirement 18:35 - Tik Tok Broke Truckers 20:30 - How do We Fix This Problem? 22:45 - What is a Good Retirement Investment? 25:42 - Criminal Complaint #HousingMarket #HousingMarketCrash #MortgageRates Mailing Address: 2261 Northpark Drive #2118 Kingwood, TX 77339 DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship. Transcript 0:00 Intro another reverse week for the trucking industry i'm actually sitting in a Seattle Washington right now without a load i don't have no load right now i dropped my load 8:00 in the morning and it's already 1:00 that I'm sitting here waiting for the load a lot of people been asking me does it going to get fixed is it going to get better i have no clue what is going to happen because day by day it's getting worse and worse i have no clue trucking and freight layoffs are exploding across the nation especially in states like California where on top of the tariffs and quantitative tightening they've also doomed themselves by implementing EV standards that they can't even afford to maintain now despite these surging trucker layoffs economists are predicting that the worst of these layoffs has not even begun yet as they estimate that the explosion is going to take place of trucker layoffs the end of this month and into June and yet another example that the US economy is so toxic 1:02 so riddled with debt and debauchery that the only chance each and every one of us has at living a comfortable life again you remember what that was like is a total implosion and reset in the US economy now truckers right now are panicking as there appears to be absolutely no relief in sight but the question is this you guys is what does all this mean to you and I and welcome back to Real Estate Mindset you guys already know that this video is going to be absolutely bonkers mitch Vexler how are you today sir it's an interesting topic you have people that obviously are in the trucking and you have other people that are in the shipping it's interesting that the shipping coming out of China they're saying 'Well all the boats are loaded and it's a mass quantity coming over.' Yet here the trucking doesn't correlate to what you're seeing in the shipping so somebody's not telling the truth but we'll try to get to the bottom of it no 2:00 one's ever telling the truth Mitch no 2:02 one is ever never telling the truth at 2:05 least not to the public because they 2:06 need us to continue to be delusional and 2:09 continue to 2:10 indep either way we're going to start 2:13 with a video breakdown of exactly what's Trucker Layoffs 2:16 happening with trucker layoffs well 2:19 Nicole we're hearing words like bad and 2:22 dire and even crisis we're standing next 2:25 to a bunch of truck chassis because 2:28 they're parked and they're not in use 2:30 and look on the other side there uh 2:32 they're stacked up and in this truck 2:34 alone there are about a hundred chassis 2:37 stacked up because they don't need them 2:41 they're typically out on the roadways 2:43 like everyone else along America's 2:45 massive supply chain truckers expect 2:48 things to go from bad to worse 2:54 this yard cost us money this equipment 2:57 cost us money our chassis cost us money 2:59 our employees cost us money electricity 3:01 cost us money right so after 6 months I 3:04 I would say we would be in pretty dire 3:06 situations and that's just us and 3:08 there's hundreds of companies like us 3:11 who would probably be in this most 3:12 likely be in the same situation if not 3:14 worse 3:17 for height logistics here in Long Beach 3:19 the situation is compounded by a very 3:22 expensive company shift to a clean fleet 3:25 over 20 big rig EVs with price tags of 3:29 about 3:30 $500,000 each due to far less freight to 3:33 haul the company started layoffs this 3:36 week and cut all trucker shifts by half 3:40 there's word of similar tightening at 3:42 other trucking companies and even some 3:45 going out of business the dire times 3:48 triggered by the nose dive in freight 3:50 traffic specifically imports from China 3:54 nearly half of which are typically 3:57 handled by the ports here in Southern 4:00 California now the outlook is grim for 4:03 the rest of the year with a drop of 20% 4:07 in imports overall but look at this a 4:10 monstrous dive of up to 80% of goods 4:14 from China long before the trade war 4:17 California had moved to end the sale of 4:19 gas powered big rigs after 2035 but now 4:23 the Trump administration is pumping the 4:25 brakes on that as it pushes for more 4:28 American manufacturing so we hear all 4:31 kinds of reasons why the economy is 4:33 doing bad all kinds of reasons for these 4:35 layoffs so can you articulate can you 4:38 explain to us you know what's the real What is Causing the Mass Layoffs? 4:40 reason here is it EV requirements is it 4:43 the quantitative tightening that's been 4:45 happening the last 3 years is it the 4:47 fraud greed and corruption that's been 4:49 happening forever or is it the tariffs 4:53 what's causing the most recent surge in 4:55 trucker layoffs 4:58 it's a combination of all the above the 5:01 tariffs is kind of an interesting 5:04 smaller component of the current problem 5:08 best way I can explain it so the tariffs 5:11 have a trickle down effect my engineer 5:15 owns a building in Windsor and his 5:18 tenants have gone monthtomonth this is 5:20 an industrial building and the tenants 5:22 have gone monthtomonth due to the fact 5:25 that they don't know if they will get 5:28 their contracts and these are tenants 5:30 that manufacture machines so they don't 5:32 know if they'll get their contracts to 5:34 keep their business going because it's 5:37 tied obviously to the auto industry 5:38 being out of Windsor so it's fear of the 5:42 unknown in the current situation with 5:45 these trucking companies i don't 5:48 appreciate the fact that the press or 5:50 who'sever giving the narrative is trying 5:52 to conflate multiple issues where it's 5:56 simply not necessary pull them apart one 5:57 at a time 5:59 so the idea that long haul trucks should 6:02 go EV is sheer insanity there is no math 6:05 to back that up the cost per energy 6:10 unit cannot compete with diesel the cost 6:14 per energy unit cannot compete with 6:17 simply saying 'I'm going to go and buy a 6:19 used truck big big rig 6:22 diesel from a company that's already 6:24 gone broke and I'll pick that up for 25 6:26 cents on the dollar.' that is available 6:28 today you can do that so instead of 6:30 buying a big rig truck at 180,000 6:33 200,000 you're going to be able to pick 6:35 these things up at 75 because the market 6:37 will get flooded there's simply no way 6:40 that a battery operated quote long haul 6:42 truck and there's no such thing but 6:44 that's what the press will tell you it 6:46 can't be done it's the same thing that 6:48 well I can have a electric vehicle and I 6:50 get 400 miles that's great but if you 6:53 want to run past 400 miles you're going 6:54 to have to pull over and get powered up 6:57 that makes these trucking facilities and 6:59 these people saying 'Well we're going to 7:01 switch to EV electric.' Complete 7:04 nonsense and if they say 'Well we're 7:06 going to switch to natural gas.' You 7:08 have the exact same issue you're going 7:10 to have to pull over and get refuelled 7:12 so natural gas is good ev on a long haul 7:16 truck complete nonsense but they 7:19 conflate these stories and they're not 7:20 in the same parallel the tariffs aren't 7:22 in the same parallel so for the truckers 7:26 the tariffs temporarily are creating a 7:28 shock for the truck company the owners 7:32 they're creating a bigger shock because 7:33 everything is a strata and it 7:37 becomes self-fulfilling until quote the 7:40 tariffs and or whatever that shock is is 7:43 reduced but it doesn't solve the 7:44 underlying problem the trucking 7:47 companies are debted up just like 7:48 everybody else it's the debt it's the 7:50 debt it's the debt that's the problem 7:53 that everybody is facing and the reason 7:56 why it's so important to keep those the 7:58 truckers employed obviously because 8:00 those trucks don't move goods don't move 8:03 so it's a problem few bullet points 8:05 trucker layoffs in the United States 8:06 have become widespread and severe in 8:10 2025 impacting thousands of drivers and 8:13 reshaping the entire transportation 8:16 sector in response to major economic 8:18 pressures trade policy and declining 8:21 demand layoffs in trucking and related 8:24 freight industries have surged with over 8:27 30,000 freight related job cuts 8:29 announced since the beginning of year 8:31 affecting not just truck drivers but 8:34 also workers in food production 8:36 manufacturing warehousing and logistics 8:39 more than 3,500 additional job cuts have 8:43 been reported since April 30th alone so 8:46 those are just the layoffs from the 8:48 layoffs the imposition of steep tariffs 8:50 especially the 145% tariff on Chinese 8:54 imports has triggered a sharp reduction 8:57 in container ship arrivals leading to a 9:00 dramatic drop in freight that needs to 9:02 be transported by truck economists 9:05 forecast a 20% decline in total imports 9:08 and up to 80% in Chinese goods for the 9:11 remainder of the year directly reducing 9:14 demand for trucking services the broader 9:17 industry and economic pressures the 9:19 trucking industry is facing what many 9:21 describe as the Great Freight Recession 9:24 categorized by plummeting freight rates 9:27 excessive trucking capacity and rising 9:30 operational costs for fuel labor 9:32 insurance and new vehicle requirements 9:35 summary table for key layoff statistics 9:38 in trucking in 2025 so January through 9:42 May there was over 30,000 9:45 layoffs in freight food manufacturing 9:48 warehouse and logistics april 30th and 9:51 on there was over 3,500 in food 9:53 producers logistic firms manufacturing 9:56 and retail spring of 2025 another 250 10:00 drivers and firm layoffs but look at 10:02 this guys this is crazy this is saying 10:04 in late May and in June there's going to 10:06 be an additional round of mass layoffs 10:09 in trucking and in retail and we're 10:11 going to experience waves as the full 10:15 impact of tariffs are felt at least 10:17 that's what this is saying mitch would Will Things Get Worse for Truckers? 10:19 you agree with what that was saying do 10:21 you think that the real surge of 10:23 trucking and freight layoffs hasn't even 10:26 got here yet because the tariffs 10:29 widespread anyways aren't really felt 10:32 yet would you agree with that 10:36 it's going to get a lot worse let's put 10:37 it that way the the tariffs like I said 10:40 are just a small current today component 10:43 part of the problem the much bigger 10:46 problem again we're back to the pink 10:48 elephant dancing in the room is the debt 10:50 so the trucking companies have the debt 10:53 but the bigger point that I want to make 10:55 is that these issues are all 10:59 interconnected so trucking goes to the 11:02 retail outlets retail goes to mom and 11:05 pop you've got logistics up and down 11:08 that chain so it touches real estate why 11:12 well inside of all those elements you 11:15 will need refrigeration you will need 11:17 refrigerated storage you're back to real 11:19 estate so then you need logistics in 11:22 into transportation of industrial goods 11:24 so that you're back to real 11:26 estate if they can't pay the real estate 11:29 can't pay the mortgage because the 11:30 tenants are leaving you have a circular 11:33 global expansion as a direct result of 11:36 the debt as a direct result a smaller 11:39 component of the tariffs but the debt is 11:41 a much bigger problem and once this 11:43 thing starts to unwind it gets bigger 11:45 it's like a snowball it just gets bigger 11:46 and bigger and bigger and that's the 11:48 problem what you're seeing now is 11:51 nothing as compared to what it may end 11:53 up being because the system will blow up 11:56 as a direct result of the debt at 11:59 multiple levels caused by the Federal 12:00 Reserve when they print money and caused 12:03 by the central appraisal districts when 12:04 they fraudulently create overvaluation 12:06 and overt taxation on behalf of the 12:09 school districts the trucking companies 12:11 make no mistake they're in it on both 12:14 levels the federal level and they suffer 12:17 from it at the local level because all 12:19 real estate is local so trucking 12:21 companies are getting hit just like mom 12:23 and 12:24 pop whether they survive or not to be 12:27 determined and all of this stuff that 12:29 you're saying is a nationwide problem 12:31 the Federal Reserve that's a federal 12:33 nationwide problem the central appraisal 12:34 districts that's a nationwide problem 12:37 locally so there these are nationwide 12:39 problems but the next video that we're 12:41 going to play is on Texas and there are 12:43 people saying that Texas this is going 12:46 to be a speed bump that Texas is 12:47 actually immune they're saying Texas is 12:50 immune to these layoffs and it's not 12:52 going to create a recession and also I 12:54 want to say that according to this video 12:56 there's 12:58 163,000 companies trucking companies in 13:01 Texas so to me if there's a problem in trucking Texas is going to feel it the most listen to this video it's about trade tariffs and trucks except this won't read like a fun children's book outside Texas it's a horror story with layoffs of truck drivers happening perhaps some have looked at layoffs ahead of what's coming uh but I don't see that happening in in full scale john Esparza is the president of the Texas Trucking Association there's 163,000 trucking companies in the state he says Texas is safe for now is the longer the tariffs last the more difficult that's going to be on freight companies states like California have seen huge drops in freight being moved recently for now that's the opposite in Texas as vendors try to get ahead of tariffs jim Grundy owns a Fort Worth company with 150 trucks they've increased the amount of goods over the last 60 days out of fear of any delays of potential products china and the US are still at odds but Jim says it's too premature to panic 14:02 neither economy wants to go through this and the people are the ones that are going to wind up paying for it one way or the other whether it means loss of jobs or increased good prices they say Texas has survived recessions and co this will be another speed bump i think our industry is very well suited to adjust over time but if these trades and tariff talks are on a collision course there may be no way to swerve around Just a Speedbump for Texas? them mitch according to that video over I don't know how this is possible but not employees over 160,000 trucking companies in Texas alone texas has a huge economy huge GDP right do you agree with that video when it says that a recession or any problems in trucking is just going to be a speed bump for Texas unlike for example California which is going to be a total implosion would you agree with that Mitch i think whoever put that video together 15:02 needs a lesson in economics and I'm being very kind houston evictions among the highest in the nation so they're dead on their argument coming out of the shoot then in other words that's no speed bump that's reality texas is among the highest real estate tax in the nation that's not a speed bump that's a reality in places like Ardal Texas the average house is $343,000 in fraudulent outstanding school district bond debt on it that's no speed bump that can't get paid off the average home is $450,000 okay godly taxes the outstanding fraudulent school district bond debt $120,000 the average value of a home in Galilee Texas 160,000 that's not a speed bump that's reality part of the problem here is that these people that make these 16:00 videos are ignorant beyond belief they're talking about something i mean their knowledge literally could fill a thimble they do not know what they're talking about they're misleading the public and frankly they should lose their license to broadcast this is all wrong and these problems are going to get worse i mean even if you look at the amount of multif family that's being delivered into the cycle now where there's not enough people to fill up those units how can you possibly say that's a speed bump those buildings are going back to the banks as I said before these things are all interconnected and it's all connected by virtue of the debt at the federal level and the local level until those debts are addressed and there are methods to address them but until they are addressed this system and the logistics associated with it are going to get worse more people are going to get laid off and if they don't deal with the debt the problem is the system will implode that's a reality well unfortunately they're not talking about 17:01 the debt and the only thing that they've addressed is speaking English listen to English Speaking Only Requirement this then the third executive order which actually speaks to the heart of your question earlier about the Uber drivers um will be a u order directing the Department of Transportation to include English literacy tests for our truckers this is a big problem in the trucking community that unless you're in that community you might not know but there's a lot of communication problems between truckers on the road um with federal officials and local officials as well which obviously is a public safety risk so we're going to ensure that our truckers who are the backbone of our economy are all able to speak English that's a very common sense policy in the United States of America so the president will be signing that later this afternoon mitch will the requirement for truckers to speak English will that slow down layoffs at all no no it's got nothing to do with the layoffs it has to do with a family in Texas getting killed by a foreign trucker working for an American company so but the layoffs or the layoffs are 18:04 going to occur by virtue of the debt by virtue of the tariffs by virtue of the debt at the trucking company level as well they've got problems up and down the the chain but that's really what it has to do with is that a family got killed by a foreign trucker yeah i mean people get this so mixed up so I'm glad that you broke that down we won't go into it any more than that we want to be a little bit hyper sensitive um now I want to listen to two Tik Tok videos from truckers who they're losing Tik Tok Broke Truckers crazy amounts of money they can't even find places to pick up loads let's listen to these videos and then we'll end this video out another worst week for the trucking industry i'm actually sitting in a Seattle Washington right now without a load i don't have no load right now i dropped my load 8:00 in the morning and it's already 1:00 that I'm sitting here waiting for the load a lot of people been asking me does it going to get fixed is it going to get better i 19:01 have no clue what is going to happen because day by day is getting worse and worse i have no clue i haven't seen trucking industry like this in a past 10 years this is the worst year for the trucking industry worse year and then I came to the truck stop i reserve a shower there were 23 people in front of me in the line 23 people it's been 4 hours i'm waiting for the shower and they still three people ahead of me still so you can imagine that how many people are sitting at this truck stop without a load all the truck drivers we have nothing else to do besides taking shower all day yesterday I had a load going to Cleveland Ohio going to San Antonio Texas i got halfway here and they cancelled so there I set this is two days without a load i understand not hauling cheap freight but don't make a driver set for 20:00 two damn days without nothing and no pay or nothing so I'm about ready to say rent me a car and load m and just go home they I'm not here not to make no money you think I'm out here on this road cuz I don't want to be around my family get it together people i can go home and make no money mitch last question here how do we fix this massive massive problem How do We Fix This Problem? there very well may be companies that get absorbed into other companies because those logistic truck companies that have routes the routes are worth money to other companies so there may be something sailable could it be that there's too many trucks on the road today given the lack of ability for 21:00 those trucks to go loaded both ways the answer may very well be yes but is that a blip as in we've got to deal with what we've got for another four or five months and see where the market is or is that something that's becoming more of a permanent fixture so just so everybody understands this comes under the heading of logistics truck drivers do not make money if the trucks are loaded only one way think of it this way truck starts at A goes to B it's loaded it's making money if it has to go back from B to A empty it now has the cost of fuel it's losing money so depending on how the logistics are running at that company and who's handling it it's a huge problem nobody in their right mind wants those trucks moving empty it's nonproductive so you have to understand that maybe there's simply even though they say 'Well we've got all these trucks parked over here.' That's the job 22:01 of the trucking companies is to figure out how best to keep the flow of the goods moving and it could be that many of those companies won't exist and or shouldn't exist but they control the routes and they have those customers they may be have the ability to partner up with other companies so that the whole system their logistics system doesn't fall apart again big problem so people are starting to realize what's going on now right the mainstream media can't hide it as well the talking heads can't hide it as well mitch the economy is imploding one minute and then the next minute it appears that everything's fine and then we have gust of air blows it back down What is a Good Retirement Investment? right and then everything appears to be fine can you just end because I know I said there's just one last question but it just this just came to me you know the people that are watching this right maybe they're worried about the economy because they should be maybe they're uh aware of the fraud because they should be because they've been frauded just 23:00 defrauded like I have for decades for the people that are concerned about their retirement 401ks and things like that can you give us and and this is not personalized financial advice but what do you think that most people should be investing in right now to retire real quick what I've been investing in I already liquidated my 401k that was me personally u I'm investing in metals you know for me looking at all the inflation looking at the crypto all this devaluation of the dollar it seems like the road to retirement is through metal i'm not a gold salesman i'm not a silver silver salesman i've been accused of that for some reason mitch where should people be investing their money right now to be able to retire in the future if somebody has 401ks retirement systems um up in Canada they have what's called the RRSP the point is that if you do not 24:01 know what's in those investments inside of your 401k or your retirement pension plan best you learn real fast because you don't want to be exposed to a problem of the principal devaluation you also don't want to be exposed to a problem where those who are operating those funds are making more in fees than you are in profit because that is a self-fulfilling prophecy where you lose they win with that said if you've got that type of money the reality is that precious metals i.e gold gold is money right it's it's what you have in your pocket the dollars are fiat currency it's not money it's an IOU so having precious metals as part of what it is that you're doing is perfectly fine having a real estate investment if 25:03 you've got something and you're not debted up that's fine if you have a business that is not debted up and is cash flowing that's fine any one of those or in combination is good the problem is if you're depending on your pension as in it's a pension plan or a 401k without knowing what's in them and you're depending on other people to tell you you're making a huge huge mistake this system has got a lot of problems yeah it does and to the viewers one more time part of the problems is the tax Criminal Complaint fraud and the illegal ISD or independent school district bond debt they're exceeding the cap rates here in Texas at least and if you guys want to join us and making a difference and stopping these frauds please go to my website real estatemindset.org the link is in this description you can go to Mitch's 26:00 website as well Mockingbird Properties but if you go to mine go to the criminal complaint tab and you guys help us fill out these criminal complaints turn it into your local DA send it into Pamela Bondi at the Department of Justice in Washington DC and help us make a difference now if you want me to help you help us right so I'll help you fill out these complaints what I need you to do is email me at the email in the link of this description and tell me if you're in Texas i'm only working on Texas right now tell me what county you live in and what ISD you want me to investigate if I find fraud if I find potential violation I will again name the parties do the math save every single exhibit but you need to walk it into your DA if you're willing to do that email me and email me right now and other than that guys if you're out there just investing your life trying to live you guys already know we wish you luck and we hope you win

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