CRISES to Combat: Gold’s Biggest Run in History | Gerald Celente
Summary
Geopolitical Tensions: The discussion highlighted the ongoing conflicts in Ukraine and the Middle East, emphasizing their potential impact on global markets and the geopolitical landscape.
Economic Conditions: Gerald Celente introduced the term "dragflation" to describe the current economic situation, predicting a decline in economic activity alongside rising inflation.
Gold Market: The podcast noted that gold prices are experiencing their fastest increase since 1979, driven by geopolitical tensions and economic instability, marking a "golden year for gold."
Interest Rates and Market Manipulation: The conversation touched on the Federal Reserve's interest rate policies, suggesting that artificially low rates are propping up equity markets, which could lead to further increases in gold prices.
Political Critique: Celente criticized political leaders across the spectrum, describing them as part of a "crime syndicate" and highlighting their role in perpetuating wars and economic inequality.
Middle East Dynamics: The podcast discussed the lack of substantial international action regarding the recognition of Palestine and the ongoing violence in the region, labeling international responses as "empty words."
Investment Strategy: The conversation emphasized the importance of understanding geopolitical events and their market implications, particularly for investors in gold and other commodities.
Public Action: Celente called for greater public involvement and unity against war, suggesting that collective action could influence political and economic outcomes.
Transcript
US President Trump attacked the UN yesterday question questioning its validity. The Fed cut last week. What what are the market ramifications from that? And of course, we need to talk about what is happening in the Middle East. Like what is happening with the countries recognizing Palestine or wanting to recognize Palestine as a sovereign state? What what are the ripple effects of that happening? We had Colonel Douglas McGregor on yesterday to get some more color, but we we felt the need to get some more color even on this important topic. So, we invited Gerald Cente. He's the publisher of the trends journal onto the show to really help us understand and dissect those dynamics as we believe that they're vitally important to where we're headed next year, not just on the market front, but geopolitically in general. So, lots to discuss here, but before I switch over to my guest, please hit that like and subscribe button. Helps us out tremendously. Invite phenomenal guests like Colonel Douglas McGregor or Gerald Senti here. Really looking forward to catching up with him and we much much appreciate that support. Now, Gerald, it is great to have you back on the program. Thank you so much for joining us. >> Oh, thank you for having me. >> Yeah, really looking forward to the discussion. I I briefed you a little bit what I want to talk about, but we only have 30 minutes to do so. Um, so lot lots to pack in. Maybe let's start with a general question or more of a general question. You've been on the last time six months ago roughly here on Soore Financially. What are one of the two trends that you're following right now that we need to talk about? >> You know, I've been at this for 45 years at best-selling books, Trends 2000, trend tracking. And each year we come up with the trends of the new year. This is the first time we ever came up with wild card. Anything goes. It It's It's This is I've never seen anything like this in my life. You got the Ukraine war going on, the Israel war going on, the the economy is saying now stagflation. It's not going to be stagflation. It's going to be dragflation. It's not going to stagnate. It's going to go down. And inflation's going to keep going up. Again, look at the facts. When they launched the COVID war back in 2020, what did they do? Countries around the world, when you look at the numbers, tens of trillions of dollars of fake money backed by nothing and printed on nothing flooded into the markets. Everything should have crashed back then. And what else they do? Oh, they kept negative interest rates and brought interest rates down to zero. How about home prices in the United States? Oh, they've only gone up 50%. 50% in four years actually they went up 50%. This is it's and now the consequences are being paid. Take a look at China. China was booming. They launched a COVID war on Chinese Luna New Year, the year of the rat in January 2020. Three years of zero COVID policy. They destroyed the lives and livelihoods of hundreds of millions of people. Look at their real estate crisis. What do you have? Look at the numbers. Not my numbers. The numbers they put out. Some 90 million 90 million empty apartments in China. 90 million. Oh, and the people had to buy them before they were built. Yeah. A lot of them have never been even been built. So, there's a crisis ahead. And one of my sayings is when all else fails, they take you to war. yesterday you just said about Trump at his speech at the UN. You know, we go all over the world to look at who's saying what. We don't take one side. So, for example, the Israel War, we subscribe. We pay to go to Harets, the Israeli newspaper. We go to Jerusalem Post, Times of Israel. Why not? Want to hear what they have to say. We go to uh IRNA, ISNA, Press TV, Terron Times. Want to hear what the Iranians have to say. Arab news, Al Jazzer, Middle East Monitor, Middle East. I want to hear what the Arabs have to say. We go to Euro News. We go to France 24, on and on. We go to listen to what everybody has to say. We say, "This is what they're saying. This is our analysis. This is where we see it going." So, let's go back to what Trump said. And you said how he came out against the UN. He came out against the UN. You mean the United Nations that gave us the fake state of Israel in 1948? How come he's not saying that? Let's go to the World Socialist website, wssw.com. Trump declares war on the world at UN General Assembly speech. US President Donald Trump delivered a fascist rant Tuesday to the 80th session of the United Nation General Assembly in which he proclaimed, quote, "America first should be the world's organizing principle, threaten war and aggression the world over, and lionize the criminal actions of his administration at home and abroad." And it goes on again. Read what you want, believe what you want, see what you want. Trump bllightly ignored the genocide of the Palestinians, appropriately enough, giving American imperialism role in arming Israel to the teeth and his own incitement of Netanyahu's regime to pursue the complete ethnic cleansing of Gaza with his quote riviera of the Middle East plan. He boasted of the illegal war the US and Israel waged on Iran last June. It keeps going on. Now remember, this is a Trump. This is a Trump. And again, I want to make this a thousand% clear. Both parties, the Democrats and the Repulsans in the United States are nothing more than a crime syndicate. By their deeds, you shall know them. Hey, I'm Obama, the Nobel Piece of crap prize winner that lied my way into office. I want that guy Gaddafi out of there. Oh, the Afghan troop surge right after he got in with that little clown boy betrayed us. Oh, betray us. Excuse me. I want that guy Assad out of there. Little little George E. Bush with a paracone smaller than a mothball. A little spoiled nothing of a daddy's boy. We got to get that guy Osama bin Laden dead or alive. Repulsive kins and democrats. Oh, let's go back to Obama. Oh, remember the panic of08? The domain name that I took out in n 2007, not my language. The Bard College, Bard College, Levy Institute. When I say a crime syndicate, they gave the bankster bandits $29 trillion for creating the panic of08 to bail them out. Oh, you lost your home, your job. You're going, you're just a nobody. You're a no. Hey, I'm Jamie Diamond. Don't you know who I am? I'm at Goldman Sachs. We've only been convicted of five felonies. Five? Oh, you rigged the precious metals market, didn't you? Yeah, but we gave $900 million. Shut the hell up, Senti. It's a crime syndicate. So, when I go what I'm saying about Trump, I say about Genocide Joe, little Slick Willie, every one of them. So, I want to make that clear. So, going back to Trump, this is the clown boy. I took out the domain. I the I own the trademark presidential reality show. All right. When Trump ran here, this is the clown boy. Hey, hey, hey, you elect me, I'm gonna end that that Ukraine war in 24 hours. All right. All right. Hey, how about this? Talk about what they just called him about. Trump declares war on the world at UN. We want to have peace on earth all over. Oh, wait a minute. He said that to the United Nations General Assembly speech in September 25th, 2024 when he was running for office. Oh, he just did a 180. You know why? Because he's full of crap. Oh, wait a minute. I Well, no, let me go through this. Um, uh, let's see. I'm not going to start a war. I'm gonna stop wars. Oh, that was his campaign speech in October 2024. All right. Goes on, I want immediate peace. Oh, he said that in January when he got inaugurated. Yep. Yep. I'm moving quickly to end wars, settle conflicts, and restore the planet to peace. I want peace. He said on January 25th, oh bombs away over these innocent people that they have no proof that he killed in Venezuela or bombing their uh their boats. Totally illegal. Oh, I forgot the bombing of Iran. Oh, I forgot that one. Oh, Yemen. I forgot Yemen. Oh, how about the 50 strict 56 United States strikes in Somalia? Most Americans couldn't find Somalia on the map. Never heard of a joint. All right. So, that's what's going on. When all else fails, they take you to war. And now he's ramping up the Ukraine war. This is the guy that said he would Hey, hey, hey, you elect me. I'm going to end no war in 24 hours, right? Hey, hey, hey, now that I'm elected, hey, here I am. Here I am. That war is going to end before I get inaugurated. And now, what did he come out with just uh yesterday? He posted on his media platform after getting to know and fully understand the Ukraine US mil Ukraine Russia military and economic situation. Wait a minute. After getting to know and fully understand you mean you just learned this yesterday. Anyway, after seeing the economic trouble it is causing Russia, I think Ukraine with the support of the European Union is in a position to fight and this is in caps, win all of the Ukraine back to its original form. Russia has been fighting aimlessly for three and a half years. That should have taken a real military power less than a week to win. That's what he said yesterday. Oh, real military power. Listen to me twin. It got sown. How about the Afghan war that America lost? Only the longest war in American history. What are you talking about? A real military power. Hey, we're the toughest in the world. They got sewn. Draft dodger. How about the Vietnam war that you lost? Huh? I was a draft dodger. Like, so shut up, Senti. You're right. I'm the tough guy. Oh, wait a minute. How about the Iraq war you wore? But he's talking about Russia losing. Russia's not going to lose. Let's go back to the facts. World War II, Operation Barbar Roa, Germany killed over 25 million Russians. Wait, who were the first to beat the Germans or the Russians? All right, so anyway, that's where we're at. >> Yeah, that's a very holistic picture. And we we need to follow up on a few things here, Gerald. Uh maybe maybe we will stay on the Ukraine real quick because as you said, he did a complete 180. And I think we all can agree that Ukraine war the Ukraine is not not going to get back those lost territories. I think that's I I think that we can understand that and agree on that. Like what what's the the rationale behind doing a complete 180 now? Like what what's the motivation? What's the incentive? Hey, I'm going to put taxes on uh uh every uh on Mexico and in China when I get into office and then he does a 180. I'm gonna put 150 in China. He does a 180. He does it all the time. He speaks out of both sides of his mouth. By the way, I had lunch with Trump's brother, Robin. Trump back in 2017 when Trump was president. He had a restaurant over here in Wasayic, which is across the river from me in Kingston. And uh the brother told me when the father died, he left the family over half a billion dollars worth of real estate. nothing more than a spoiled daddy's boy. I'm the same age as Trump. He's a couple of months older than me. When I was a kid, I grew up in the Bronx, youngest of five. They couldn't control me. I used to hear all the time. You little sobb. We had enough of your crap. You're going to military school. I'll be good. I'll be You think I'm going to go to military school? I want to cause chicks. My mother great. She rest in peace. Italian woman cook. I'm going to eat crappy food in a military school. Put a get dressed up in a costume. Time to go to bed. Time to get up. I'll be good. I'll be good. Yeah, he used to threat and I'll be good. Trump was so narcissistic they sent him to military school about 30 minutes south of me over here in place called Cornwall, New York. Imagine being a teenager in the middle of nowhere at a military school. That's how uncontrollable out of control he is. Nobody could control him. He's into his own narcissistic trip. And again, there's a quote from President uh Dwight D. guys now. Five-star general, supreme commander of the allied forces, two-term president. He didn't want to run for president. He was the president of Columbia University at the time. He said, "Any man seeking the office of president is either an egoomaniac or crazy." All right. End of story. And in a country near you, by the way. >> No, it it is true. There are certain character traits that we can find in all of them, right? And >> there that that's quite evident. Um, let's shift our focus a bit to the Middle East. Uh, let's talk about what what we're seeing there. Like I'm I'm seeing more and more headlines about countries, UK, Australia, Canada wanting to recognize Palestine as a sovereign state. And I'm curious, Gerald, what do you make of that? Um, what is the trend that you see emerging here? >> This war going on almost like since October 20, almost what two years. Oh, they're finally saying something. They're doing nothing. Empty words. Empty words. Empty words. Oh. Oh, the UK. Oh, yeah. You mean the people that they're locking up for protesting against Palestine? Oh, the same thing. They just took some award away from a German woman because she's anti- genocide. It's all empty language. They're doing nothing. Nothing. Same with the Arab nations. Again, you I'm an older cat. I remember 1973 when they put the oil embargo because of the Yam Kippa war on the United States and the West. Oil prices quadrupled. Arab nations united. Hey, we're doing business with Trump and Wickoff and Jerkov and this oneoff and that and it's we Saudi Arabia. We did a two billion dollar deal with Jared Kushner, Trump's son-in-law. They're not doing anything. They're not doing anything. They're not uniting. Is all empty words doing nothing. Nothing to stop the genocide. Oh, before I went on the air, they just killed what? 25 Palestinians last night. every day. Oh, they again in the trench journal this week, we we reported over 3,000 Palestinians were killed getting food. Nah, empty words. Now, that's that that's a question like what is the trend here? Empty words like but if you give them southern state status like would that change anything in in terms of supporting them, food aid or whatever it is? >> Nothing. No, they're doing nothing. They could stop it like that when America's giving Israel another $6 billion to keep killing the people of weapons. Steal all our taxpayer money. All our again genocide Joe. Look at that little clown boy you had over there. Anthony Blinken. Oh, you forgot about that little piece of crap. Hey, shut up, Sente. You're nothing but a little guinea from the Bronx. Don't you know who I am? I went to Dalton. I went to Harvard. My daddy was the ambassador to Hungary. My uncle was the ambassador to Belgium. He goes to Israel after the attack on Ham Hamas attack. He comes, he says, I come here not only as the United States Secretary of State. I come here as a Jew. Hey, Gatsong. I could care what religion you are. All right. What do you mean you come here as a Jew? How about just come here as an American? And I don't want to hear this crap that I'm anti-semite because I'm against the genocide. I launched Occupy Peace over a decade ago and peace rallies every year. We're having one, by the way. Go to occupypace.com. We're having one up here in Kingston on Saturday. Judge Npalitano, Scott Ritter, Roger Ward is gonna do a live stream, Dennis Cassinich, Garland Nixon, Joe Lauria, one after another having people we we're fighting for peace. And if as an Italian, if I hated Mussolini, does that make me anti-Italian? So, shove this crap up your You know what? And again, three of my last four girlfriends were Jewish. I don't want to hear this crap. I'm against genocide. And so I don't want to hear this crap from a little Anthony Blinkin that we got to keep sending all this money to Israel to keep slaughtering the Palestinians. Genocide Joe Biden. How about that one? >> Let's see if we can tie all of that together. Back to the markets here, Gerald. It's it's overly complex. There's so many topics. 150 UN members recognizing Palestine as a sovereign state. yet no no formal recognition, nothing's happening. But what what's the main goal here? Like Douglas McGregor said it yesterday. Well, Israel is trying to secure access to oil and gas. Uh really important to them. Same discussion with Iran here too. Um what do you make of that? >> Again, look at look at look at Trump's son-in-law, Jared Kushner, in the Trends Journal, March of 2024. This land in Gaza is very valuable waterfront property and we should move the Palestinians into the NGV desert. Oh, the Jared Kushner when Netanyahu used to come to America. He stayed to Kushner's family. Oh, Kushner's old man that was thrown into jail for uh trying to he he set up cameras for his his brother-in-law that he want to screw out of the money and the brother-in-law was screwing a prostitute. That Jared Kushner who Trump gave a pardon to his father. Oh, how about Trump that wants to turn it into the Middle East Riviera? All right. This is criminal act in front of everybody's eyes. If you or I were to say this, how dare you say something like that? They're going to do everything they can to keep this war going. And that's our major concern. More war against Iran, more war against Syria, more war against Lebanon. Yeah. And the Ukraine war. Now Trump's saying he's going to support that to keep going. and Ukraine should not give back any of the land that Russia had. So, one of my sayings is when all else fails, they take it to war. The economies are failing. The reason gold prices are going up, one of the things we say in trend forecasting, opportunity misses those who view the world through the eyes of their profession. So, you take the economic end, Wall Street and Main Street, there are no connections at all. The people playing Wall Street, they know everything about all the data. Oh, the the AI this and that and that and this. They have no clue what's going on geopolitically. Only headlines that they read and have no idea of the reality of it. That's why gold prices are going up now at the fastest rate they've been going up since 1979. One of my books, Trend Tracking, far better than Mega Trends Time magazine. I write about how I became a political atheist and a trend forecaster when the Iranian conflict broke out and they taught us to hate Iran without anybody knowing about the United States overthrow Mosed and the CIA, the MI6 in 1953. Because he had the nerve to say, "No, the oil in Iran belongs to the Iranian people, not Standard Oil or uh Anglo Iranian oil, better known today as BP and Examo." They overthrew the government, brought in Slovak, the secret police, slaughtered thousands and thousands of Palestinians. when the rally when the event when the when the conflict happened back in the late 70s, I said, I bet oil and gold prices will go up. So, I started playing the gold markets back then. I bought my first buy of gold at $163 an ounce. Now, we're talking about what's going on now with gold prices goes back to then. This is much more serious than back then because it was only the Iran conflict going on. This is serious. That's why gold prices are going up like we've never again. Go back to the trends journal. Go back to your top trends for 2024. Golden year for gold. Oh, it only went up 30 almost 30% last year. And this year we said it's going to keep on going. And what is it up over now? Over 40%. We almost hit what? Uh $3,000. What? $800 an ounce almost back down. >> The futures crossed that even. Yeah. >> Yeah. Yeah, the futures have crossed it. Yeah, but the the spot is now what about as we're speaking about what 3,750 bucks. When I made that forecast for golden year gold, gold was at $2,41. And you go back to the trends journal, September 2023. We said gold bottom at 18 $1,850. And from that point, it'll keep going up. And it did. Here's the deal. This isn't rocket science. The lower interest rates go, the deeper the dollar falls. The deeper the dollar falls, the higher gold prices go. Gold prices are dollar-based. Becomes cheaper for other nations to buy gold. They're going to keep lowering interest rates. Go back to 2018. And again, remember we made this for we the trends are all there. The facts are all there. The Dow had its worst December since the Great Depression. Powell was Fed head then and Trump was president. He forced Powell to lower interest rates which he did in December, excuse me, in January 2019. They're going to lower them, lower them, lower them. They're going to do everything they can to artificially prop up the equity markets. Listen, I would have thought the equity markets would have crashed in in when the COVID war began and I would have thought the housing market would have crashed. I had no idea that they would pump in these countless trillions of dollars and bring interest rates down to zero. I thought things would crash back in 2012. They didn't teach me about zero interest rate policies or a thing called quantitative easing in economics 101 in graduate school. They'll make up any crap they want. They're only interested in pumping this thing up and they're going to do everything they can to do it. The more they pump it up, the higher gold prices go. Yeah, and we're already at record levels, which has me scared. You know what what what happens if we see another escalation in the Middle East perhaps? Because you've been linking gold price to the Middle East here quite aggressively as well. And do do you see another flare up happening in the Middle East or is it is this the status quo we have to deal with right now? >> Yes, it's it's out of totally out of control. Again, as I say, one of you could Google this up so you know I'm not making it up. Google up United States freezes Japanese assets history today mainstream. Remember the Great Depression is going on 1941. On July 26, 1941, President Franklin Roosevelt seizes all Japanese assets in the United States. How come that was dirty Japanese? In retaliation for the Japanese occupation of French Indo-China. French Indochina. What the hell are the French doing in Vietnam, Laos, and Cambodia? And you're shoving this crap down my throat that it's French Indo-China. Shut the hell up, Seni. Where the war mongering freaks from around the world? Oh, the French Foreign Legion forgot all about it. Oh, we're in Algeria, Morocco. We're all over the place killing, robbing, steelaging, pillaging. All right. Goes on. The um President Roosevelt swung into action. Britain and the Dutch East Indies followed suit. Dutch East Indies. What the hell are the Dutch doing in Indonesia and the same thing the British are doing with the sun never sits on the British Empire? We're a bunch of murderers that morons and imbeciles call, "Hey, I'm the king. I'm the king. shove this king crap up your you know what if you were Italian you'd call him a mafia you're a bunch of lowife pieces of scum murderers oh no centi Trump just went to visit the king Charles did you see these little clown boys dressed up in these red costumes with these big black hats and kiss the ring kiss the ring all right so what happened over here because of the sanctions that the United States the Dutch and the Americans put on Japan in 1941. Japan, not my language, the language right over here. The um they lost 88% of their imported oil and three4ers of their global trade. can't understand why they bomb Pearl Harbor. I didn't know this until three years ago. I knew about them cutting off the oil. I didn't know about the other things. When all else fails, they take it to war. What followed the the.com bust, which by the way, we forecast in the Trends Journal. It would happen in the second quarter of 2000, which it did. NASDAQ lost 80% of its value. 911 when all else fails they take you to war. Let's go back to Israel. 39 weeks of protests were going on before Hamas attacked. 39 weeks of protest against Netanyahu for his judicial reform act. Not my language. Isaac Herzog, the president of Israel back then. Israel is in a civil war. That's right. a civil war was going on. Hamas attacked. Boop. Everybody forgot about it. And by the way, we only report the facts. Three days after the attack from Hamas, the United States, it was reported in Egypt had warned Israel that the attack was happening. And Hahadets, the Israeli newspaper, came out and had all the facts there. They knew exactly it was going to happen. They let it happen. Goes back to Pearl Harbor. You see that thing as well. They knew it was going to go on. They let it happen. Before Pearl Harbor, 80% of the American people were opposed to getting involved in what was going on in Europe as World War II is ramping up. When all else fails, they take you to war. And now Trump is pushing war. Where do you see it happening? Let's maybe as a last question, like what what are the last like what do you forecast until the end of the year here? What do you think will happen here, Joe? >> Again, you don't know. It's a wild card. Again, it's up to the people to do something. The people are gutless. Hey, you ready for this? Two weeks ago, I took out the domain name we the people's party. That should have been gone when the internet revolution began. Last week, I took out the domain name we the people's party.orld. It's up to we the people. And when I tell you this, you know, I was the assistant to the secretary of the New York State Senate. I worked on major political campaigns in Westchester County, the richest county in America at the time. I designed and instructed a course called American Politics and Campaign Technology. I taught it at St. John's University. I have a photograph of me and Ronald Reagan when I put on a brunch for 16 of our board of directors. I was on the other side. I wouldn't know what I know if I wasn't on the other side. been the prince of Norway, been with Major, the former prime minister of of the UK. I've been on the other side. And this is the way I feel about politicians after having been on the other side. Could you see that? >> Yeah. >> Yeah. >> You get these, by the way, by going to Trends Journal and go to shop. It's up to we the people. And we the people who lost their fight. I'm a lucky man. I'm Napoli Tano, born in the Bronx, 1946 at the height of America. Ain't no place like the Bronx. You're free to be you. Don't tell me who to be. And that's what the people are missing. I'm a Democrat. I'm a Republican. I'm a conservative. I'm a liberal. I got a mind the size of a P. How about you're a nobody and just we the people? Hey. Hey. Hey. Anybody ever heard this word before? public servants. What do you mean public servants? Hey, I'm the governor. The CO war, every time you masturbate, don't forget to sanitize your hands. Okay. Yeah. And and and and wear these masks. Remember these masks? Yeah. Remember these? Remember these? Yeah. >> Yeah. I get PTSD just looking at them. >> Yeah. You remember this? Yeah. Read the box. These masks do not eliminate exposure to the risk of any disease or infection. I don't care. I don't know. I'm a little Andy Cromo. I'm a daddy's boy like the rest of the scumbags out there. You put that mask on and stand six feet apart. And when you go in that restaurant, you better wear that mask. But when you sit down, you can take it off and eat because co knows that you're eating and doesn't go to table. >> All right. The crap they used to make up. Yes, sir. Yes, sir. I'll do what you say. Oh, you won't do what the what the politician says. We hate you. We hate you. All right. That's the people. The people have lost their guts. They're gutless little nobodies. Again, I put on a rally over here, Occupy Peace. I put my money where my heart is. Where are the people? If we united against war, we it'd be over. You call these guys out manto man. And I've been on the other side. They don't know whether the piece of they f like that. They got a little Oh no, I'm I'm Mike Johnson. Look at that little guy. Oh no, I'm Lindsey Graham. I a little nothing of a boy. I love war, but I can't fight. Where are the people? Where are the people? >> Yeah, we're still doing too well, I think. Like we're not uh incentivized yet. What do you think? Maybe maybe as a last question here because we're running over. All right. >> But uh >> are are we still doing too well as as the West? Are we >> no >> still too wealthy? >> No, the people have again the data is all there. You're looking at the uh the credit card delinquency rates going up. Young people can't find good jobs. Uh the the housing market, the it used to be like 40% of new home sales went to first-time buyers. It's down to 28. You know, you know, the numbers stink for the average person. Again, we we only write the facts. Uh, you ready for this? >> 10% the 10 top 10% of Americans account for 50% of all the money spent in the country. 10% account for 50%. It's only going to get worse. The bigs have taken over everything. When I was a young guy, they had things called hardware stores, stationary stores, drug stores, fish stores, shoe stores, grocery stores. No more. All chains. All chains. And you could thank also this clown boy, Slick Willie Clinton. I did that t-shirt when he ran for office in ' 92. Just to tell you the way I feel about all of them. Oh, he's a Democrat. Yeah, they they taken They've killed this country. It's no longer a we the people country, the big zone, everything. Hey, look. Hey, you want to meet Trump? You want to meet Trump? You got to be a rich guy. Oh, this is the Trump, by the way, that hated Bitcoin. Made fun of it. The cryptos. Hey, but now my family's into it. Oh, we just had a big party for all the crypto people. Remember? Oh, the ones that only gave him a hundred million dollars when he was running for president. Oh, and tens of millions of dollars for his inauguration. And oh oh now that we did the deal with what Intel and they just did another deal again that guy that Mussolini the merger of state and corporate powers his definition not mine fascism [Music] >> Charles like we we could chat for hours but we do have to wrap it up now like I really appreciate your time like very insightful lot lots of color around very very important topics here like lots of important trends that we're witnessing. So, really appreciate your insights. Good luck with your protest there on on Saturday. Really uh rooting for you there. Hoping you get a good turnout and we'll definitely link to all your your domains and everything down below as well. So, really appreciate you joining us, Gerald. And everybody else, thank you so much for tuning in. This was really insightful commentary here by Gerald Cente. Hope you enjoyed it as well. If you did, leave a comment, leave a like, and if you haven't done so, hit that subscribe button. It's a free way to support our channel, and we much much appreciate. We look forward to hearing from you. And uh take care out there. Be safe. [Music]
CRISES to Combat: Gold’s Biggest Run in History | Gerald Celente
Summary
Transcript
US President Trump attacked the UN yesterday question questioning its validity. The Fed cut last week. What what are the market ramifications from that? And of course, we need to talk about what is happening in the Middle East. Like what is happening with the countries recognizing Palestine or wanting to recognize Palestine as a sovereign state? What what are the ripple effects of that happening? We had Colonel Douglas McGregor on yesterday to get some more color, but we we felt the need to get some more color even on this important topic. So, we invited Gerald Cente. He's the publisher of the trends journal onto the show to really help us understand and dissect those dynamics as we believe that they're vitally important to where we're headed next year, not just on the market front, but geopolitically in general. So, lots to discuss here, but before I switch over to my guest, please hit that like and subscribe button. Helps us out tremendously. Invite phenomenal guests like Colonel Douglas McGregor or Gerald Senti here. Really looking forward to catching up with him and we much much appreciate that support. Now, Gerald, it is great to have you back on the program. Thank you so much for joining us. >> Oh, thank you for having me. >> Yeah, really looking forward to the discussion. I I briefed you a little bit what I want to talk about, but we only have 30 minutes to do so. Um, so lot lots to pack in. Maybe let's start with a general question or more of a general question. You've been on the last time six months ago roughly here on Soore Financially. What are one of the two trends that you're following right now that we need to talk about? >> You know, I've been at this for 45 years at best-selling books, Trends 2000, trend tracking. And each year we come up with the trends of the new year. This is the first time we ever came up with wild card. Anything goes. It It's It's This is I've never seen anything like this in my life. You got the Ukraine war going on, the Israel war going on, the the economy is saying now stagflation. It's not going to be stagflation. It's going to be dragflation. It's not going to stagnate. It's going to go down. And inflation's going to keep going up. Again, look at the facts. When they launched the COVID war back in 2020, what did they do? Countries around the world, when you look at the numbers, tens of trillions of dollars of fake money backed by nothing and printed on nothing flooded into the markets. Everything should have crashed back then. And what else they do? Oh, they kept negative interest rates and brought interest rates down to zero. How about home prices in the United States? Oh, they've only gone up 50%. 50% in four years actually they went up 50%. This is it's and now the consequences are being paid. Take a look at China. China was booming. They launched a COVID war on Chinese Luna New Year, the year of the rat in January 2020. Three years of zero COVID policy. They destroyed the lives and livelihoods of hundreds of millions of people. Look at their real estate crisis. What do you have? Look at the numbers. Not my numbers. The numbers they put out. Some 90 million 90 million empty apartments in China. 90 million. Oh, and the people had to buy them before they were built. Yeah. A lot of them have never been even been built. So, there's a crisis ahead. And one of my sayings is when all else fails, they take you to war. yesterday you just said about Trump at his speech at the UN. You know, we go all over the world to look at who's saying what. We don't take one side. So, for example, the Israel War, we subscribe. We pay to go to Harets, the Israeli newspaper. We go to Jerusalem Post, Times of Israel. Why not? Want to hear what they have to say. We go to uh IRNA, ISNA, Press TV, Terron Times. Want to hear what the Iranians have to say. Arab news, Al Jazzer, Middle East Monitor, Middle East. I want to hear what the Arabs have to say. We go to Euro News. We go to France 24, on and on. We go to listen to what everybody has to say. We say, "This is what they're saying. This is our analysis. This is where we see it going." So, let's go back to what Trump said. And you said how he came out against the UN. He came out against the UN. You mean the United Nations that gave us the fake state of Israel in 1948? How come he's not saying that? Let's go to the World Socialist website, wssw.com. Trump declares war on the world at UN General Assembly speech. US President Donald Trump delivered a fascist rant Tuesday to the 80th session of the United Nation General Assembly in which he proclaimed, quote, "America first should be the world's organizing principle, threaten war and aggression the world over, and lionize the criminal actions of his administration at home and abroad." And it goes on again. Read what you want, believe what you want, see what you want. Trump bllightly ignored the genocide of the Palestinians, appropriately enough, giving American imperialism role in arming Israel to the teeth and his own incitement of Netanyahu's regime to pursue the complete ethnic cleansing of Gaza with his quote riviera of the Middle East plan. He boasted of the illegal war the US and Israel waged on Iran last June. It keeps going on. Now remember, this is a Trump. This is a Trump. And again, I want to make this a thousand% clear. Both parties, the Democrats and the Repulsans in the United States are nothing more than a crime syndicate. By their deeds, you shall know them. Hey, I'm Obama, the Nobel Piece of crap prize winner that lied my way into office. I want that guy Gaddafi out of there. Oh, the Afghan troop surge right after he got in with that little clown boy betrayed us. Oh, betray us. Excuse me. I want that guy Assad out of there. Little little George E. Bush with a paracone smaller than a mothball. A little spoiled nothing of a daddy's boy. We got to get that guy Osama bin Laden dead or alive. Repulsive kins and democrats. Oh, let's go back to Obama. Oh, remember the panic of08? The domain name that I took out in n 2007, not my language. The Bard College, Bard College, Levy Institute. When I say a crime syndicate, they gave the bankster bandits $29 trillion for creating the panic of08 to bail them out. Oh, you lost your home, your job. You're going, you're just a nobody. You're a no. Hey, I'm Jamie Diamond. Don't you know who I am? I'm at Goldman Sachs. We've only been convicted of five felonies. Five? Oh, you rigged the precious metals market, didn't you? Yeah, but we gave $900 million. Shut the hell up, Senti. It's a crime syndicate. So, when I go what I'm saying about Trump, I say about Genocide Joe, little Slick Willie, every one of them. So, I want to make that clear. So, going back to Trump, this is the clown boy. I took out the domain. I the I own the trademark presidential reality show. All right. When Trump ran here, this is the clown boy. Hey, hey, hey, you elect me, I'm gonna end that that Ukraine war in 24 hours. All right. All right. Hey, how about this? Talk about what they just called him about. Trump declares war on the world at UN. We want to have peace on earth all over. Oh, wait a minute. He said that to the United Nations General Assembly speech in September 25th, 2024 when he was running for office. Oh, he just did a 180. You know why? Because he's full of crap. Oh, wait a minute. I Well, no, let me go through this. Um, uh, let's see. I'm not going to start a war. I'm gonna stop wars. Oh, that was his campaign speech in October 2024. All right. Goes on, I want immediate peace. Oh, he said that in January when he got inaugurated. Yep. Yep. I'm moving quickly to end wars, settle conflicts, and restore the planet to peace. I want peace. He said on January 25th, oh bombs away over these innocent people that they have no proof that he killed in Venezuela or bombing their uh their boats. Totally illegal. Oh, I forgot the bombing of Iran. Oh, I forgot that one. Oh, Yemen. I forgot Yemen. Oh, how about the 50 strict 56 United States strikes in Somalia? Most Americans couldn't find Somalia on the map. Never heard of a joint. All right. So, that's what's going on. When all else fails, they take you to war. And now he's ramping up the Ukraine war. This is the guy that said he would Hey, hey, hey, you elect me. I'm going to end no war in 24 hours, right? Hey, hey, hey, now that I'm elected, hey, here I am. Here I am. That war is going to end before I get inaugurated. And now, what did he come out with just uh yesterday? He posted on his media platform after getting to know and fully understand the Ukraine US mil Ukraine Russia military and economic situation. Wait a minute. After getting to know and fully understand you mean you just learned this yesterday. Anyway, after seeing the economic trouble it is causing Russia, I think Ukraine with the support of the European Union is in a position to fight and this is in caps, win all of the Ukraine back to its original form. Russia has been fighting aimlessly for three and a half years. That should have taken a real military power less than a week to win. That's what he said yesterday. Oh, real military power. Listen to me twin. It got sown. How about the Afghan war that America lost? Only the longest war in American history. What are you talking about? A real military power. Hey, we're the toughest in the world. They got sewn. Draft dodger. How about the Vietnam war that you lost? Huh? I was a draft dodger. Like, so shut up, Senti. You're right. I'm the tough guy. Oh, wait a minute. How about the Iraq war you wore? But he's talking about Russia losing. Russia's not going to lose. Let's go back to the facts. World War II, Operation Barbar Roa, Germany killed over 25 million Russians. Wait, who were the first to beat the Germans or the Russians? All right, so anyway, that's where we're at. >> Yeah, that's a very holistic picture. And we we need to follow up on a few things here, Gerald. Uh maybe maybe we will stay on the Ukraine real quick because as you said, he did a complete 180. And I think we all can agree that Ukraine war the Ukraine is not not going to get back those lost territories. I think that's I I think that we can understand that and agree on that. Like what what's the the rationale behind doing a complete 180 now? Like what what's the motivation? What's the incentive? Hey, I'm going to put taxes on uh uh every uh on Mexico and in China when I get into office and then he does a 180. I'm gonna put 150 in China. He does a 180. He does it all the time. He speaks out of both sides of his mouth. By the way, I had lunch with Trump's brother, Robin. Trump back in 2017 when Trump was president. He had a restaurant over here in Wasayic, which is across the river from me in Kingston. And uh the brother told me when the father died, he left the family over half a billion dollars worth of real estate. nothing more than a spoiled daddy's boy. I'm the same age as Trump. He's a couple of months older than me. When I was a kid, I grew up in the Bronx, youngest of five. They couldn't control me. I used to hear all the time. You little sobb. We had enough of your crap. You're going to military school. I'll be good. I'll be You think I'm going to go to military school? I want to cause chicks. My mother great. She rest in peace. Italian woman cook. I'm going to eat crappy food in a military school. Put a get dressed up in a costume. Time to go to bed. Time to get up. I'll be good. I'll be good. Yeah, he used to threat and I'll be good. Trump was so narcissistic they sent him to military school about 30 minutes south of me over here in place called Cornwall, New York. Imagine being a teenager in the middle of nowhere at a military school. That's how uncontrollable out of control he is. Nobody could control him. He's into his own narcissistic trip. And again, there's a quote from President uh Dwight D. guys now. Five-star general, supreme commander of the allied forces, two-term president. He didn't want to run for president. He was the president of Columbia University at the time. He said, "Any man seeking the office of president is either an egoomaniac or crazy." All right. End of story. And in a country near you, by the way. >> No, it it is true. There are certain character traits that we can find in all of them, right? And >> there that that's quite evident. Um, let's shift our focus a bit to the Middle East. Uh, let's talk about what what we're seeing there. Like I'm I'm seeing more and more headlines about countries, UK, Australia, Canada wanting to recognize Palestine as a sovereign state. And I'm curious, Gerald, what do you make of that? Um, what is the trend that you see emerging here? >> This war going on almost like since October 20, almost what two years. Oh, they're finally saying something. They're doing nothing. Empty words. Empty words. Empty words. Oh. Oh, the UK. Oh, yeah. You mean the people that they're locking up for protesting against Palestine? Oh, the same thing. They just took some award away from a German woman because she's anti- genocide. It's all empty language. They're doing nothing. Nothing. Same with the Arab nations. Again, you I'm an older cat. I remember 1973 when they put the oil embargo because of the Yam Kippa war on the United States and the West. Oil prices quadrupled. Arab nations united. Hey, we're doing business with Trump and Wickoff and Jerkov and this oneoff and that and it's we Saudi Arabia. We did a two billion dollar deal with Jared Kushner, Trump's son-in-law. They're not doing anything. They're not doing anything. They're not uniting. Is all empty words doing nothing. Nothing to stop the genocide. Oh, before I went on the air, they just killed what? 25 Palestinians last night. every day. Oh, they again in the trench journal this week, we we reported over 3,000 Palestinians were killed getting food. Nah, empty words. Now, that's that that's a question like what is the trend here? Empty words like but if you give them southern state status like would that change anything in in terms of supporting them, food aid or whatever it is? >> Nothing. No, they're doing nothing. They could stop it like that when America's giving Israel another $6 billion to keep killing the people of weapons. Steal all our taxpayer money. All our again genocide Joe. Look at that little clown boy you had over there. Anthony Blinken. Oh, you forgot about that little piece of crap. Hey, shut up, Sente. You're nothing but a little guinea from the Bronx. Don't you know who I am? I went to Dalton. I went to Harvard. My daddy was the ambassador to Hungary. My uncle was the ambassador to Belgium. He goes to Israel after the attack on Ham Hamas attack. He comes, he says, I come here not only as the United States Secretary of State. I come here as a Jew. Hey, Gatsong. I could care what religion you are. All right. What do you mean you come here as a Jew? How about just come here as an American? And I don't want to hear this crap that I'm anti-semite because I'm against the genocide. I launched Occupy Peace over a decade ago and peace rallies every year. We're having one, by the way. Go to occupypace.com. We're having one up here in Kingston on Saturday. Judge Npalitano, Scott Ritter, Roger Ward is gonna do a live stream, Dennis Cassinich, Garland Nixon, Joe Lauria, one after another having people we we're fighting for peace. And if as an Italian, if I hated Mussolini, does that make me anti-Italian? So, shove this crap up your You know what? And again, three of my last four girlfriends were Jewish. I don't want to hear this crap. I'm against genocide. And so I don't want to hear this crap from a little Anthony Blinkin that we got to keep sending all this money to Israel to keep slaughtering the Palestinians. Genocide Joe Biden. How about that one? >> Let's see if we can tie all of that together. Back to the markets here, Gerald. It's it's overly complex. There's so many topics. 150 UN members recognizing Palestine as a sovereign state. yet no no formal recognition, nothing's happening. But what what's the main goal here? Like Douglas McGregor said it yesterday. Well, Israel is trying to secure access to oil and gas. Uh really important to them. Same discussion with Iran here too. Um what do you make of that? >> Again, look at look at look at Trump's son-in-law, Jared Kushner, in the Trends Journal, March of 2024. This land in Gaza is very valuable waterfront property and we should move the Palestinians into the NGV desert. Oh, the Jared Kushner when Netanyahu used to come to America. He stayed to Kushner's family. Oh, Kushner's old man that was thrown into jail for uh trying to he he set up cameras for his his brother-in-law that he want to screw out of the money and the brother-in-law was screwing a prostitute. That Jared Kushner who Trump gave a pardon to his father. Oh, how about Trump that wants to turn it into the Middle East Riviera? All right. This is criminal act in front of everybody's eyes. If you or I were to say this, how dare you say something like that? They're going to do everything they can to keep this war going. And that's our major concern. More war against Iran, more war against Syria, more war against Lebanon. Yeah. And the Ukraine war. Now Trump's saying he's going to support that to keep going. and Ukraine should not give back any of the land that Russia had. So, one of my sayings is when all else fails, they take it to war. The economies are failing. The reason gold prices are going up, one of the things we say in trend forecasting, opportunity misses those who view the world through the eyes of their profession. So, you take the economic end, Wall Street and Main Street, there are no connections at all. The people playing Wall Street, they know everything about all the data. Oh, the the AI this and that and that and this. They have no clue what's going on geopolitically. Only headlines that they read and have no idea of the reality of it. That's why gold prices are going up now at the fastest rate they've been going up since 1979. One of my books, Trend Tracking, far better than Mega Trends Time magazine. I write about how I became a political atheist and a trend forecaster when the Iranian conflict broke out and they taught us to hate Iran without anybody knowing about the United States overthrow Mosed and the CIA, the MI6 in 1953. Because he had the nerve to say, "No, the oil in Iran belongs to the Iranian people, not Standard Oil or uh Anglo Iranian oil, better known today as BP and Examo." They overthrew the government, brought in Slovak, the secret police, slaughtered thousands and thousands of Palestinians. when the rally when the event when the when the conflict happened back in the late 70s, I said, I bet oil and gold prices will go up. So, I started playing the gold markets back then. I bought my first buy of gold at $163 an ounce. Now, we're talking about what's going on now with gold prices goes back to then. This is much more serious than back then because it was only the Iran conflict going on. This is serious. That's why gold prices are going up like we've never again. Go back to the trends journal. Go back to your top trends for 2024. Golden year for gold. Oh, it only went up 30 almost 30% last year. And this year we said it's going to keep on going. And what is it up over now? Over 40%. We almost hit what? Uh $3,000. What? $800 an ounce almost back down. >> The futures crossed that even. Yeah. >> Yeah. Yeah, the futures have crossed it. Yeah, but the the spot is now what about as we're speaking about what 3,750 bucks. When I made that forecast for golden year gold, gold was at $2,41. And you go back to the trends journal, September 2023. We said gold bottom at 18 $1,850. And from that point, it'll keep going up. And it did. Here's the deal. This isn't rocket science. The lower interest rates go, the deeper the dollar falls. The deeper the dollar falls, the higher gold prices go. Gold prices are dollar-based. Becomes cheaper for other nations to buy gold. They're going to keep lowering interest rates. Go back to 2018. And again, remember we made this for we the trends are all there. The facts are all there. The Dow had its worst December since the Great Depression. Powell was Fed head then and Trump was president. He forced Powell to lower interest rates which he did in December, excuse me, in January 2019. They're going to lower them, lower them, lower them. They're going to do everything they can to artificially prop up the equity markets. Listen, I would have thought the equity markets would have crashed in in when the COVID war began and I would have thought the housing market would have crashed. I had no idea that they would pump in these countless trillions of dollars and bring interest rates down to zero. I thought things would crash back in 2012. They didn't teach me about zero interest rate policies or a thing called quantitative easing in economics 101 in graduate school. They'll make up any crap they want. They're only interested in pumping this thing up and they're going to do everything they can to do it. The more they pump it up, the higher gold prices go. Yeah, and we're already at record levels, which has me scared. You know what what what happens if we see another escalation in the Middle East perhaps? Because you've been linking gold price to the Middle East here quite aggressively as well. And do do you see another flare up happening in the Middle East or is it is this the status quo we have to deal with right now? >> Yes, it's it's out of totally out of control. Again, as I say, one of you could Google this up so you know I'm not making it up. Google up United States freezes Japanese assets history today mainstream. Remember the Great Depression is going on 1941. On July 26, 1941, President Franklin Roosevelt seizes all Japanese assets in the United States. How come that was dirty Japanese? In retaliation for the Japanese occupation of French Indo-China. French Indochina. What the hell are the French doing in Vietnam, Laos, and Cambodia? And you're shoving this crap down my throat that it's French Indo-China. Shut the hell up, Seni. Where the war mongering freaks from around the world? Oh, the French Foreign Legion forgot all about it. Oh, we're in Algeria, Morocco. We're all over the place killing, robbing, steelaging, pillaging. All right. Goes on. The um President Roosevelt swung into action. Britain and the Dutch East Indies followed suit. Dutch East Indies. What the hell are the Dutch doing in Indonesia and the same thing the British are doing with the sun never sits on the British Empire? We're a bunch of murderers that morons and imbeciles call, "Hey, I'm the king. I'm the king. shove this king crap up your you know what if you were Italian you'd call him a mafia you're a bunch of lowife pieces of scum murderers oh no centi Trump just went to visit the king Charles did you see these little clown boys dressed up in these red costumes with these big black hats and kiss the ring kiss the ring all right so what happened over here because of the sanctions that the United States the Dutch and the Americans put on Japan in 1941. Japan, not my language, the language right over here. The um they lost 88% of their imported oil and three4ers of their global trade. can't understand why they bomb Pearl Harbor. I didn't know this until three years ago. I knew about them cutting off the oil. I didn't know about the other things. When all else fails, they take it to war. What followed the the.com bust, which by the way, we forecast in the Trends Journal. It would happen in the second quarter of 2000, which it did. NASDAQ lost 80% of its value. 911 when all else fails they take you to war. Let's go back to Israel. 39 weeks of protests were going on before Hamas attacked. 39 weeks of protest against Netanyahu for his judicial reform act. Not my language. Isaac Herzog, the president of Israel back then. Israel is in a civil war. That's right. a civil war was going on. Hamas attacked. Boop. Everybody forgot about it. And by the way, we only report the facts. Three days after the attack from Hamas, the United States, it was reported in Egypt had warned Israel that the attack was happening. And Hahadets, the Israeli newspaper, came out and had all the facts there. They knew exactly it was going to happen. They let it happen. Goes back to Pearl Harbor. You see that thing as well. They knew it was going to go on. They let it happen. Before Pearl Harbor, 80% of the American people were opposed to getting involved in what was going on in Europe as World War II is ramping up. When all else fails, they take you to war. And now Trump is pushing war. Where do you see it happening? Let's maybe as a last question, like what what are the last like what do you forecast until the end of the year here? What do you think will happen here, Joe? >> Again, you don't know. It's a wild card. Again, it's up to the people to do something. The people are gutless. Hey, you ready for this? Two weeks ago, I took out the domain name we the people's party. That should have been gone when the internet revolution began. Last week, I took out the domain name we the people's party.orld. It's up to we the people. And when I tell you this, you know, I was the assistant to the secretary of the New York State Senate. I worked on major political campaigns in Westchester County, the richest county in America at the time. I designed and instructed a course called American Politics and Campaign Technology. I taught it at St. John's University. I have a photograph of me and Ronald Reagan when I put on a brunch for 16 of our board of directors. I was on the other side. I wouldn't know what I know if I wasn't on the other side. been the prince of Norway, been with Major, the former prime minister of of the UK. I've been on the other side. And this is the way I feel about politicians after having been on the other side. Could you see that? >> Yeah. >> Yeah. >> You get these, by the way, by going to Trends Journal and go to shop. It's up to we the people. And we the people who lost their fight. I'm a lucky man. I'm Napoli Tano, born in the Bronx, 1946 at the height of America. Ain't no place like the Bronx. You're free to be you. Don't tell me who to be. And that's what the people are missing. I'm a Democrat. I'm a Republican. I'm a conservative. I'm a liberal. I got a mind the size of a P. How about you're a nobody and just we the people? Hey. Hey. Hey. Anybody ever heard this word before? public servants. What do you mean public servants? Hey, I'm the governor. The CO war, every time you masturbate, don't forget to sanitize your hands. Okay. Yeah. And and and and wear these masks. Remember these masks? Yeah. Remember these? Remember these? Yeah. >> Yeah. I get PTSD just looking at them. >> Yeah. You remember this? Yeah. Read the box. These masks do not eliminate exposure to the risk of any disease or infection. I don't care. I don't know. I'm a little Andy Cromo. I'm a daddy's boy like the rest of the scumbags out there. You put that mask on and stand six feet apart. And when you go in that restaurant, you better wear that mask. But when you sit down, you can take it off and eat because co knows that you're eating and doesn't go to table. >> All right. The crap they used to make up. Yes, sir. Yes, sir. I'll do what you say. Oh, you won't do what the what the politician says. We hate you. We hate you. All right. That's the people. The people have lost their guts. They're gutless little nobodies. Again, I put on a rally over here, Occupy Peace. I put my money where my heart is. Where are the people? If we united against war, we it'd be over. You call these guys out manto man. And I've been on the other side. They don't know whether the piece of they f like that. They got a little Oh no, I'm I'm Mike Johnson. Look at that little guy. Oh no, I'm Lindsey Graham. I a little nothing of a boy. I love war, but I can't fight. Where are the people? Where are the people? >> Yeah, we're still doing too well, I think. Like we're not uh incentivized yet. What do you think? Maybe maybe as a last question here because we're running over. All right. >> But uh >> are are we still doing too well as as the West? Are we >> no >> still too wealthy? >> No, the people have again the data is all there. You're looking at the uh the credit card delinquency rates going up. Young people can't find good jobs. Uh the the housing market, the it used to be like 40% of new home sales went to first-time buyers. It's down to 28. You know, you know, the numbers stink for the average person. Again, we we only write the facts. Uh, you ready for this? >> 10% the 10 top 10% of Americans account for 50% of all the money spent in the country. 10% account for 50%. It's only going to get worse. The bigs have taken over everything. When I was a young guy, they had things called hardware stores, stationary stores, drug stores, fish stores, shoe stores, grocery stores. No more. All chains. All chains. And you could thank also this clown boy, Slick Willie Clinton. I did that t-shirt when he ran for office in ' 92. Just to tell you the way I feel about all of them. Oh, he's a Democrat. Yeah, they they taken They've killed this country. It's no longer a we the people country, the big zone, everything. Hey, look. Hey, you want to meet Trump? You want to meet Trump? You got to be a rich guy. Oh, this is the Trump, by the way, that hated Bitcoin. Made fun of it. The cryptos. Hey, but now my family's into it. Oh, we just had a big party for all the crypto people. Remember? Oh, the ones that only gave him a hundred million dollars when he was running for president. Oh, and tens of millions of dollars for his inauguration. And oh oh now that we did the deal with what Intel and they just did another deal again that guy that Mussolini the merger of state and corporate powers his definition not mine fascism [Music] >> Charles like we we could chat for hours but we do have to wrap it up now like I really appreciate your time like very insightful lot lots of color around very very important topics here like lots of important trends that we're witnessing. So, really appreciate your insights. Good luck with your protest there on on Saturday. Really uh rooting for you there. Hoping you get a good turnout and we'll definitely link to all your your domains and everything down below as well. So, really appreciate you joining us, Gerald. And everybody else, thank you so much for tuning in. This was really insightful commentary here by Gerald Cente. Hope you enjoyed it as well. If you did, leave a comment, leave a like, and if you haven't done so, hit that subscribe button. It's a free way to support our channel, and we much much appreciate. We look forward to hearing from you. And uh take care out there. Be safe. [Music]