• 44:39 - 46:58
Federal Government Warns Massive Bank Failures Looming As More Nations Join The BRICS— Special Report
New York City Hotel Crisis, Migrant Housing
Real estate investor Grant Cardone describes the current market as the worst in his lifetime, with approximately 20% of New York City hotels now repurposed to house migrants. This shift removes significant inventory from the tourism and business sectors, signaling deep distress in the commercial real estate market. The situation is viewed as a precursor to a broader "bail-in" where banks may eventually seize depositor funds to remain solvent.