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Prepare For Economic Chaos - Gerald Celente #6392 · Financial Survival Network

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  Speaker 1: You're listening to Carrie.
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  Speaker 1: We are live and I am here with Gerald Salente,
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  Speaker 1: the esteemed proprietor of the Trends Journal. And Gerald, that's
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  Speaker 1: always great to have you on. And hey, so tell
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  Speaker 1: us what is going on in the world here.
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  Speaker 3: I've been at this for forty six years by selling
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  Speaker 3: books Trends two thousand, trend tracking far better than Mega Trends.
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  Speaker 1: Yeah.
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  Speaker 3: Now at the Leveld, I'm publishing a magazine since nineteen
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  Speaker 3: ninety one weekly. Now in my life have I been
• 1:01
  Speaker 3: more concerned about the state of the world. This Iran
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  Speaker 3: war has made a very bad situation much worse. The
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  Speaker 3: Ukraine war keeps ramping up. And look what's going on.
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  Speaker 3: I mean with the you know, we saw bread crude
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  Speaker 3: hit oh what one hundred and twenty six dollars a
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  Speaker 3: barrel this week? It came down because now they're talking
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  Speaker 3: about negotiations again, but it's still as we're speaking, it's
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  Speaker 3: one hundred and eight dollars a varrow for bread crude.
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  Speaker 3: And this is affecting the entire world. It's bringing down
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  Speaker 3: the global economy and it's hurting the average person. Wall
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  Speaker 3: Street has zero to do with Main Street, nothing at
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  Speaker 3: all to do with it. And so here concerned.
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  Speaker 1: All right, So is anybody how long do you think
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  Speaker 1: this thing continues? How long does it go on for?
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  Speaker 3: And fact, I think it's going to continue to go
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  Speaker 3: on because one of the again as a trend forecast,
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  Speaker 3: is not what you like, what you want, what you wish,
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  Speaker 3: what you it has nothing to do with that has
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  Speaker 3: to do with the facts. So as for example, we subscribe,
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  Speaker 3: we pay to go to the Israeli newspaper, Had's. We
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  Speaker 3: don't have to pay to go to Times of Israel,
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  Speaker 3: Jerusalem Post, wyet, well we go to we go to
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  Speaker 3: Press TV, we go to irna I, s NA, tron Times,
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  Speaker 3: et cetera. Wanna hear with the Iranians have to say,
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  Speaker 3: we go to Arab news, we got Al Jazero and
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  Speaker 3: Middle East Monitored, Middle East Eye runs. The Arabs have
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  Speaker 3: to say, we go to Euroews, we go to DW,
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  Speaker 3: we go to France, twenty four Guardian, BBC, etcetera, etcetera.
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  Speaker 3: We say, this is what they're saying, this is our analysis,
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  Speaker 3: and this is our trend forecast. We're giving you all sides.
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  Speaker 3: So here's the deal. We do not believe is going
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  Speaker 3: to be a peace negotiation because one of the deals
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  Speaker 3: that Iran wants is for Israel to pull out a
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  Speaker 3: Lebanon and they're not going to do it. They've already
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  Speaker 3: told over a million Lebanese, they've pushed over a million
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  Speaker 3: out of their homes out of South Lebanon. This is
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  Speaker 3: an upscale place when you see the places that they're bombing.
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  Speaker 3: So we don't see that happening, and so we don't
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  Speaker 3: see a peace agreement happening. And this war is going
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  Speaker 3: to continue to escalate, and now my greatest concern is
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  Speaker 3: that it's going to go nuclear. Go back to your
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  Speaker 3: trends journal a decade ago, two decades ago, we said,
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  Speaker 3: if the United States or Iran go to war, excuse me,
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  Speaker 3: the United States or Israel go to war against Iran,
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  Speaker 3: break crude is going to spike to well above one
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  Speaker 3: hundred dollars a barrow which it has. It's going to
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  Speaker 3: bring down the global economy. It will also hit the
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  Speaker 3: equity markets at a later time. And you're not going
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  Speaker 3: to defeat the Persians. You're very advanced scientifically, technologically, and militarily. Now,
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  Speaker 3: let's just put the facts together. The United States hasn't
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  Speaker 3: won a war since World War Two, and you're not
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  Speaker 3: allowed to say that the Russians helped them win because
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  Speaker 3: they were the first ones to beat the Germans after
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  Speaker 3: the Germans only killed about twenty seven million Russians in
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  Speaker 3: Operation Barbarosa.
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  Speaker 1: Couldn't beat the.
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  Speaker 3: Vietnamese, couldn't beat the Iraqis, couldn't beat the Afghans. The
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  Speaker 3: longest war in American history was that cost us when
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  Speaker 3: you put it together, several trillion dollars. As the country's
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  Speaker 3: rotten in front of our eyes. You're not gonna beat
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  Speaker 3: the Iranians. Again, they're very advanced scientifically, technologically, and militarily.
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  Speaker 3: So here's the deal. We're concerned that the United States
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  Speaker 3: and they or Israel may go nuclear. Israelizes that they
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  Speaker 3: call this Samson option. If they're losing, they go nuclear,
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  Speaker 3: and they had between two hundred to four hundred new
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  Speaker 3: rewards that's our concern.
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  Speaker 1: Mm hmm. So as far as the US not putting
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  Speaker 1: boots on the ground in Iran, you think, okay, what's that.
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  Speaker 3: No way, no how, they'll wipe them right out. And
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  Speaker 3: by the way, again we go to all the media.
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  Speaker 3: The United States came out this week and said the
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  Speaker 3: wars cost US twenty five billion dollars. Go to Press TV,
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  Speaker 3: they says, well over one hundred billion. They're not reporting
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  Speaker 3: all the stuff that Iran blew out, all these bases
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  Speaker 3: they blew out over the Middle East. Not a word
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  Speaker 3: about it. And we're not hearing the real numbers of
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  Speaker 3: the people that have been killed the American soldiers according
• 5:50
  Speaker 3: to other reports. So again, you know here, I'm up
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  Speaker 3: in Kingston, New York. Right the roads are rap boom
• 6:01
  Speaker 3: boom boom boom boom. I go to New York City,
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  Speaker 3: boom boom boom boom, boom, boom boom. The bridges. They
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  Speaker 3: got a thing called am track. How about an am crap.
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  Speaker 3: How about a third rail rail, third world rail. Hey
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  Speaker 3: take a subway in New York. Oh, it's only a
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  Speaker 3: night in Calcutta. Hey go to China foo foo shoot
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  Speaker 3: where they go over two three hundred miles an hour
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  Speaker 3: of these trains. Now the country's riding in front of
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  Speaker 3: our eyes. Hey, go back to last February. Here the
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  Speaker 3: here Trump? Hey, hey, over the cut the defense budget,
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  Speaker 3: buy the hair for a trillion dollars? Who run a run?
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  Speaker 3: Oh now what are they doing? Or they're increasing it
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  Speaker 3: by half a trillion?
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  Speaker 1: Yeah, so they're digging in for the long haul.
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  Speaker 3: Huh yep, the bis the ear. As I said, the
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  Speaker 3: twentieth century was the American century, but the twenty first
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  Speaker 3: century is going to be the Chinese century, because the
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  Speaker 3: business of America is war and the business of China
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  Speaker 3: is business. Hey, who's the world leader in e these?
• 7:17
  Speaker 3: Who's the world leader now in developing clean energy? Who's
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  Speaker 3: gonna be the world leader in ai? China? And that's
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  Speaker 3: why you're going to see a dot com bus two
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  Speaker 3: point zero. They're way over invested in these companies in America.
• 7:35
  Speaker 3: Trends are born, they grow, they mature, rich old age,
• 7:37
  Speaker 3: and I you don't invest all this dough in the
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  Speaker 3: infant that was born in twenty twenty two. China is
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  Speaker 3: spending hundreds of billions, if not trillions of dollars in
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  Speaker 3: India to build up AI AI. Love it, hate it,
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  Speaker 3: don't want it. It's the future, and they're gonna lead it.
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  Speaker 3: So you're gonna see it dot com bust over here.
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  Speaker 1: Yeah, so what of AI is it basically going to
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  Speaker 1: be running the show here? Yeah, and around the world.
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  Speaker 3: Look look at look at how the world. I said,
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  Speaker 3: they got it wrong in the King's James Bible when
• 8:15
  Speaker 3: they said the meek shall inherit the earth, they misspelled it.
• 8:20
  Speaker 3: The geek seven inherited the earth. All right, Yeah, don't
• 8:26
  Speaker 3: you love? Don't you love synthesized music? I mean, you know, Oh,
• 8:32
  Speaker 3: when I'm back in the day, I only put on
• 8:34
  Speaker 3: a concert with El Fitzgerald, took of the super Dome,
• 8:37
  Speaker 3: did one with John Warwick on and on what what
• 8:40
  Speaker 3: are they? What's the Louis Armstrong? You know what's the count?
• 8:45
  Speaker 3: You know what?
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  Speaker 2: What?
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  Speaker 3: Yeah? Anyway, it's all gone. It's so AI is the future.
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  Speaker 3: Yeah again, we only put the data in your Trends journal.
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  Speaker 3: Young kids, infants on their cell phone on screens for
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  Speaker 3: three hours. Is the day, infants. All the vibe is gone.
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  Speaker 3: Look what they look like. Look look what the world
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  Speaker 3: looks like. People walk down the street like this. You
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  Speaker 3: go to restaurant, the parents who are on the phone,
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  Speaker 3: the kids. You're on the phone and nobody's talking to
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  Speaker 3: each other. She's talking about Angi. It's the future. It's gone.
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  Speaker 1: And I was in Vietnam six months ago and they
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  Speaker 1: all they all want to come to the United States
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  Speaker 1: still really, they still want to come because they're inflation.
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  Speaker 1: It's really difficult for a Vietnamese person to get ahead
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  Speaker 1: because the dong is hyper inflating like before their very
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  Speaker 1: eyes saving. You know, educated people with the advanced degrees
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  Speaker 1: are really not getting ahead in this society.
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  Speaker 3: You know. I went to Vietnam in nineteen ninety nineteen
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  Speaker 3: ninety six. We were among the first Americans they allowed,
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  Speaker 3: and that people could not have been nicer. And of
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  Speaker 3: course that's a whole different place than what it is now.
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  Speaker 3: And we went from the Maekon Delta Oa up to Hanoi.
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  Speaker 3: Was there for three weeks and only one time did
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  Speaker 3: somebody not like us for being Americans. But the people
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  Speaker 3: could not have been and the.
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  Speaker 1: Food woof oh amazing.
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  Speaker 3: Yeah, we had that French Vietnamese touch in to it.
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  Speaker 1: Yeah it was yeah, yeah, it's a special place. And
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  Speaker 1: I only had time to spend in Saigon, which they
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  Speaker 1: still call it. They call it Ho Chi Minh City,
• 10:43
  Speaker 1: but all the insiders call it Saigon. And you know,
• 10:47
  Speaker 1: that combination of the French city, the way it's built,
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  Speaker 1: and then the way the Vietnamese kind of run it,
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  Speaker 1: it was really amazing. And like you said, the food
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  Speaker 1: was out of this world, you know, some of the
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  Speaker 1: best food I've ever had. Really really enjoyed it. And
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  Speaker 1: the people, like you said, couldn't have been nicer. And
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  Speaker 1: I went on, you know, I went on a tour
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  Speaker 1: of the tunnels outside of Saigon that the Vietnamese occupied,
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  Speaker 1: and you know, there was just no way that that
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  Speaker 1: the United States was going to win that war. It
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  Speaker 1: was impossible. You know, it was a real fool's errand.
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  Speaker 3: And one after war after another, h LB Jerkoff gave
• 11:35
  Speaker 3: us that war. All these little guys, all these little
• 11:40
  Speaker 3: ballish little guys that thought was they never go to fight. Hey,
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  Speaker 3: what did Trump get? Five draft de Furmans Vietnam War.
• 11:50
  Speaker 3: I'm the same age as Trump. I got drink. I
• 11:54
  Speaker 3: didn't want to go get my brains blown out. But
• 11:57
  Speaker 3: I got to tell you, as a young guy, I
• 11:59
  Speaker 3: was stoopid enough to believe the crap that if we
• 12:02
  Speaker 3: don't stop those Vietnamese, that Dominos are gonna keep van.
• 12:07
  Speaker 3: I believed it as a kid, but I went. I
• 12:10
  Speaker 3: tried to do everything to beat the drifts and wouldn't
• 12:12
  Speaker 3: get my brains blown out. But again as I grew up,
• 12:15
  Speaker 3: then I started to realize differently. It's Mike again. When
• 12:18
  Speaker 3: you're young, my father may rest the peace. One day
• 12:21
  Speaker 3: we're having dinner, he looked at me, he said, you know, son,
• 12:23
  Speaker 3: I about seventeen. They say that youth is wasting on
• 12:27
  Speaker 3: the young. He took a couple more bites and he
• 12:30
  Speaker 3: pointed at me, said they were talking about you. You
• 12:35
  Speaker 3: don't know as a kid, and you can't stop learning.
• 12:39
  Speaker 3: So anyway, going back to the war again, we couldn't
• 12:43
  Speaker 3: beat the Vietnam knes. We poisoned them with Asian Orange,
• 12:47
  Speaker 3: ruined our troops that went there. I met guys, a
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  Speaker 3: guy from Vietnam that fought there about my age, and
• 12:53
  Speaker 3: he said they told us when they were spraying all over,
• 12:55
  Speaker 3: they said they were doing this to kill mosquitoes and
• 13:00
  Speaker 3: as this serious disease from the agent orange. So again,
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  Speaker 3: you couldn't beat the Vietnamese. You couldn't beat the iraqis
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  Speaker 3: you couldn't beat the Taliban. What makes you think you're
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  Speaker 3: going to beat the Persians? No way, no, how.
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  Speaker 1: Not agreed. It's a difficult task. I mean, basically looking
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  Speaker 1: to foment the rebellion there, but it doesn't look like
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  Speaker 1: the popular uprising is going to occur.
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  Speaker 3: Oh, it's the opposite. Now, when you go to war,
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  Speaker 3: that united utifies the people and that's what's happened.
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  Speaker 1: M hm. Well, it can be interesting to see what
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  Speaker 1: happens next there. And you know, it's definitely a brutal
• 13:51
  Speaker 1: awakening here, but I guess it's it's necessary. So the
• 13:57
  Speaker 1: Ai revolution here of basically it's going to be doing
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  Speaker 1: all of our jobs here, Gerald, right, I mean any trust.
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  Speaker 3: One of them? Yep. Again, let's go back to before
• 14:09
  Speaker 3: the industrial revolution, right, and the industrial revolution took the
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  Speaker 3: jobs away from people used to make the things by hand.
• 14:18
  Speaker 3: And this is just another element of that kind of
• 14:22
  Speaker 3: thing accelerating. And by the way, gold gold prices to
• 14:27
  Speaker 3: me should be much higher, go back to the Iran war.
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  Speaker 3: India lowest is down thirty percent the amount of gold
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  Speaker 3: that they've been importing. They're one of the biggest importers
• 14:39
  Speaker 3: of gold Russia's selling gold, Turkey selling gold, Mexico's selling gold.
• 14:44
  Speaker 3: This Iranian war they call it a conflict of the war.
• 14:49
  Speaker 3: Illegal because their economies are going down and their debt
• 14:55
  Speaker 3: levels are going up, they need to doe. That's why
• 14:58
  Speaker 3: you see goal prices going down but still is still
• 15:01
  Speaker 3: very high. As we're speaking near were over four thousand,
• 15:04
  Speaker 3: six hundred dollars an ounce go back. Howard Treads Journal,
• 15:08
  Speaker 3: twenty twenty four, January second. We said it'll be a
• 15:11
  Speaker 3: golden year for gold. Gold was then selling at two
• 15:15
  Speaker 3: remember this. Two years ago, gold was selling at two
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  Speaker 3: thousand and forty one dollars announce. Now they're saying, well,
• 15:25
  Speaker 3: the reason it's going down also is because they're not
• 15:28
  Speaker 3: going to lower interest rates. Right, what's the interest rate
• 15:33
  Speaker 3: about three five three seven five?
• 15:36
  Speaker 1: Yeah?
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  Speaker 3: What was it back in nineteen seventy eight, seventy nine
• 15:39
  Speaker 3: and eighty when it was spiky? Oh over ten percent?
• 15:43
  Speaker 3: Twelve percent that's what interest rates were back then. And
• 15:48
  Speaker 3: what it throwed it down is when interest rates hit
• 15:51
  Speaker 3: about fourteen percent. That's a goal back down then. Because
• 15:56
  Speaker 3: I started buying gold back in nineteen seventy eight hundred
• 16:00
  Speaker 3: and sixty something dollars seven dollars announced back then you.
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  Speaker 1: Got me beat. I started in nineteen ninety nine, so
• 16:10
  Speaker 1: it was a I think it was two hundred and
• 16:11
  Speaker 1: eighty at that point. So so gold and silver. We
• 16:19
  Speaker 1: saw silver have a massive takeoff, and then then just
• 16:24
  Speaker 1: when it looked like it was really going to the stratosphere,
• 16:27
  Speaker 1: it got hammered down.
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  Speaker 3: Yeah, with bullish on both gold more than silver. But
• 16:36
  Speaker 3: gold is the number one safe of an asset. And
• 16:40
  Speaker 3: when this thing goes really bad, and again we're going
• 16:43
  Speaker 3: to see where here. I do podcasts with Judge Napolitano White.
• 16:48
  Speaker 3: February twenty fourth was Trump's State of the Union address.
• 16:54
  Speaker 3: The Trends Journal magazine comes out on Tuesdays. It was
• 16:57
  Speaker 3: a Tuesday and your Trends Journal that day we said,
• 17:03
  Speaker 3: watch Trump's traded State of the Union address and beware
• 17:09
  Speaker 3: of the United States attacking Iran this coming weekend. Trump
• 17:17
  Speaker 3: was way down in the polls, the equity markets were
• 17:20
  Speaker 3: going way down. And one of my sayings is when
• 17:23
  Speaker 3: all else fails, they take you to war. The Epstein
• 17:26
  Speaker 3: everybody forgot about the Epstein stuff that was making the
• 17:29
  Speaker 3: news day after day after day, and more information about
• 17:33
  Speaker 3: Trump and others being involved in it. Then on Wednesday,
• 17:38
  Speaker 3: the next day, I sat to Napolitano on the show
• 17:40
  Speaker 3: you can look it up. I should They're gonna invade this,
• 17:42
  Speaker 3: They're gonna bomb around this weekend, and they did. They
• 17:46
  Speaker 3: bomb Iran on the weekends. They they kidnapped the president
• 17:53
  Speaker 3: of Venezuela and his wife on a weekend. Israel in
• 17:58
  Speaker 3: the United States bombed Iran on a weekend back last
• 18:02
  Speaker 3: June when the markets are closed exactly, So watch what
• 18:09
  Speaker 3: happens this weekend, because they're not going to agree to
• 18:15
  Speaker 3: a peace deal with Iran because again, among the things
• 18:21
  Speaker 3: that Iran is demanding is that Israel withdrawal from Lebanon.
• 18:25
  Speaker 3: And they're not going to do it.
• 18:29
  Speaker 1: All right, Oh, bleak forecast here? Is there any bright
• 18:33
  Speaker 1: brightness on the horizon?
• 18:35
  Speaker 3: I don't see it. The only thing to me that's
• 18:38
  Speaker 3: going to change it is a renaissance. We have to
• 18:42
  Speaker 3: bring back the spirit of beauty, enjoying art and culture.
• 18:48
  Speaker 3: And that's what happened after the Black Plague, you know,
• 18:52
  Speaker 3: when what sixty percent of Europe is wiped out right
• 18:55
  Speaker 3: and they're poisoning themselves. But you know, urine and anyway
• 19:03
  Speaker 3: they used to say in Italy Ale Romana at Alantica,
• 19:07
  Speaker 3: in the manner of the Romans and the Ancients, to
• 19:10
  Speaker 3: describe the quality of their work. Now we're talking to
• 19:15
  Speaker 3: late thirteen hundreds and they're talking about the Romans and
• 19:18
  Speaker 3: the Ancients. We need to bring this country back to
• 19:22
  Speaker 3: the time when people all around the world wanted to
• 19:25
  Speaker 3: come to America, when it was the land of opportunity,
• 19:29
  Speaker 3: and now it's controlled by the bigs. Once upon a
• 19:31
  Speaker 3: time there was this guy you got the name of Mussolini.
• 19:34
  Speaker 3: The merger's state and corporate powers. Is fascism. Welcome to America,
• 19:40
  Speaker 3: the fascist state of America, the Big Zone. Everything again.
• 19:45
  Speaker 3: When you and I were young guys, there were hardware stores,
• 19:48
  Speaker 3: stationary stores, shoes stores, clothing stores, fish stores, drug stores,
• 19:52
  Speaker 3: et cetera. Stores, stores, stores owned by the people. Not anymore,
• 19:57
  Speaker 3: they were all chains.
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  Speaker 1: It's true concentration.
• 20:02
  Speaker 3: Going back again, we only look at the facts gen
• 20:06
  Speaker 3: Z Revolution. They liketed this guy again. Not what you like,
• 20:11
  Speaker 3: what you want, what you wish. This guy Mandani, a
• 20:14
  Speaker 3: little nobody from New York City, New York City, the
• 20:16
  Speaker 3: biggest city in America, A little nobody that nobody ever
• 20:21
  Speaker 3: heard of. I'll come gen Z get busted. They have
• 20:26
  Speaker 3: no future. Oh, they just overthrow the government in Nepal,
• 20:29
  Speaker 3: one after another, one government being overthrown after another around
• 20:33
  Speaker 3: the world by gen Z gen Z revolution. Hey, I'll
• 20:37
  Speaker 3: give you a free bus rise. I'll give you free this.
• 20:39
  Speaker 3: I'll give you free that. Hey, I want it free.
• 20:41
  Speaker 3: I can't get a job.
• 20:43
  Speaker 1: Yeah, I get it. I get it all right. Hey,
• 20:47
  Speaker 1: So how do we subscribe to Trends Journal? Just tell
• 20:50
  Speaker 1: us the quickie way of doing it.
• 20:54
  Speaker 3: Trendsjournal dot com Trendsjournal dot com two dollars and fifty
• 20:58
  Speaker 3: nine cents a week, or you could pay four five
• 21:02
  Speaker 3: dollars six dollars on the weekend for the toilet paper Record,
• 21:06
  Speaker 3: the New York slimee. Look, they call this the business section.
• 21:11
  Speaker 3: Yerkoff clown Colbert gets ready for a final good night
• 21:17
  Speaker 3: this little piece of crap. Back in twoenty ten called
• 21:22
  Speaker 3: me a trend dwarf. Yeah, yeah, this is the little
• 21:27
  Speaker 3: clown boy that Yet Stephen Colbert has consistently supported COVID
• 21:35
  Speaker 3: nineteen vaccination policies and mandates throughout the pandemic. He uses
• 21:40
  Speaker 3: his late show to advocate for public health measures and
• 21:44
  Speaker 3: criticize those opposing him. Come on here, you little boy.
• 21:50
  Speaker 3: Keep want to get the COVID jab or brought to
• 21:53
  Speaker 3: you by Trump and these little clowns, the Kimmel clown
• 21:58
  Speaker 3: or this is the crap that they giving you. The
• 22:01
  Speaker 3: toilet paper are wrecking. So we're getting people the facts
• 22:05
  Speaker 3: that they're not getting anywhere else.
• 22:07
  Speaker 1: That's what it's all about. That's what we try to
• 22:09
  Speaker 1: do as well. Hey, if you got any questions for
• 22:11
  Speaker 1: Gerald myself, Klatcarrie LUTs dot com. Gerald, we will talk
• 22:16
  Speaker 1: to you again real soon. Thanks for coming on, hey.
• 22:19
  Speaker 3: Thanks to all that you do. It's great being on
• 22:21
  Speaker 3: with you man.
• 22:22
  Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
• 22:26
  Speaker 2: solution to today's trying times. For the latest, go to
• 22:30
  Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than
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  Speaker 2: ever