Latest / Financial Survival Network / The Mother of All Economic Collapses - Coming -- Gerald Celente #5962

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The Mother of All Economic Collapses - Coming -- Gerald Celente #5962 · Financial Survival Network

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No, they're not good for the economy, you know. But again it's
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this thing is gonna go down big, We're gonna We're gonna go We're gonna
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be facing a economic crisis the likes of which have never been seen in modern
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history. And again look at what they did again during the COVID War.
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Yeah, the market should have crashed, economy should have crashed. No,
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no, screw you, we got it. We got a deal. Ov
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We're gonna give you zero interestreets, borrow anything that you want. What could
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ever. And welcome you are listening to and watching the Financial Survival Network.
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I'm your host Lutz and Financial Survival now more than ever. What you're about
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to hear kind of shocking, but not surprising. We've got Gerald Celente on
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from Trends Journal. Jerald, it's great to have you back. We were
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talking pre call your area north of the city by I guess about sixty seventy
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miles. Basically, the last person who leaves New York City who's a citizen
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should turn off the lights. Right. Yeah, Now it's a whole different
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New York City. Again, you look at the data, go to Castle
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Systems of the k you do. Your occupancy rate in the top ten cities
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in America is forty nine percent occupancy. Your vacancy rate is over twenty percent
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vacant vacant buildings. So you look. Also, you go to the city.
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You know, I'm a you know a guy you grew up in the
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Bronx and you know the Bronx grew up in Yonkers. You know the city
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guy. You know I lived in the city. All different. Well,
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it's your foot traffic in New York City. Again, the data, our
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data is down over thirty three percent. So now all the businesses that depended
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on commuters are going out of business. The shoemakers, the air stylists,
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the restaurants, all that boom after the COVID thing, it's all dying now.
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People can't afford the prices and it's all different vibes. So that moving
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up here, a lot of people with they see kids and carriages, you
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know, strollers that never saw before. A lot of young people between the
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ages a mid twenties to late thirties flooding out of the city because the night
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life is gone, crimes on their rise, ain't a great place to be.
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And this is happening around the country. So now let's go to what
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no one is talking about in the major media, and if they do talk
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about it, it comes and goes really quick. That we've been wanting about
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now since they launched the COVID war. Chinese looted New Year, the year
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of the rat twenty twenty January office building bust. How are the owners of
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these buildings going to pay their mortgages? Yeah, they're not. They're already
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defaulting on them. You're going to see a banking bust that no one in
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the major media is talking about that we have warned about now for going off
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for three years is about one point two trillion dollars worth of commercial loans coming
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up. They're not going to be able to pay them. People. What
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if I'm a tenant. If I'm a tenant in a building and the people
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don't want to come back to work, because what happened was when the clowns
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made people stay. You can't go to work, get back in your house.
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People are now saying to themselves as they're staying a week after week,
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month after month, year after year. Holy Christ, I'm getting up at
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five o'clock in the morning to commute an hour and a half each way.
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What am I out of my mind doing this? I'm not doing it anymore.
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Oh. By the way, it was costing me a lot of dough
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to do this. I'm not going to do it any thousands of dollars a
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month I used to that's right, two thousand bucks a month commuting in with
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parking, and that was fifteen years ago. I haven't done it since eight
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Thank god, I'm out of New York. But commuting is extremely expensive.
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Hey, all the subway lines, the commuter, commuter railroads, all of
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them are going bus too. Yep. Oh, and all of the bus
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companies that have gone on. You know. So now let's think, Oh,
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you're talking about the subways. How about a night in Calcutta? All
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right, that's what the subways are like. So now let's say I'm a
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guy that has ten stories in one of the buildings. They said, listen,
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stay home, come in two days a week. I don't need all
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this office space. I'll save myself a lot of money. You're going to
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see a banking crisis the likes of which we've never seen before, that no
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one is talking about because they don't want to freak the people out, because
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they want them to keep playing the markets on the street and they want to
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keep thinking that everything's going to be okay. So that's one of the big
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busts that are going to happen. And again we had said when interest rates
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will weigh up. No, there's not going to be a real estate crisis
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in the housing market because the people that are buying the houses now are very
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different than one back in the two thousands. We add these things called subprime
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mortgages. Hey, you don't have a job, you don't have any money,
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you broke, you're deep in debt. Don't worry about it. Yes,
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sign over it, Ninja lines, I'm a banks to gangster, and
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when we go bust, don't worry about it. We're too big to fail
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to bail us out. Exactly. So that's one trend. Obviously, the
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banking bust, the real estate bust. But these cities basically serve no function
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any longer. Gerald were cultural centers, trade centers, and now people can't
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wait to get out of them. Yep, cultural centers. You know,
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I'm a big jazz fan. I love the old stuff. And you know
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you listen to these these cats, you know, singing about the Savoy boy.
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You know the Savoy up in Harlem, in Halem, you know the
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forty second Street. You know bob bumb bump ye. Yet one song after
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another, Jar's place is all over hot, no more, all gone.
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Now it's one bed rap. Everything is crap again, the filthy streets.
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Oh but by the way, don't worry about it. We got to send
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more money to keep to keep the military industrial complex going, keep the wars
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going. As the country rots in front of our orions, as almost fill
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the streets. Migrants are everywhere, and crime is just another day of life.
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Look before the COVID War, they weren't locking up stuff in CDs and
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walgreens because people were stealing everything. They weren't breaking into nord stream and gangs
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of people and stealing stuff. This is all very new, and it's against
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It all happened because of the COVID War. The damage the COVID War has
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been caused is incalculable, and not only in It and Ida States, particularly
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the country that started it. On that celebration through their Chinese lunar New Year
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of the Year of the Rat, China, look at dinner collapsing. They're
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collapsing before our very eyes. I mean, Jerald, did I have a
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question for you? You know, you watch these videos to food dreg construction.
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You're familiar with that term, Like everything in China is literally falling apart,
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sometimes days after it's finished. Did you have any idea that that was
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taking place there? No? No, I mean no. So they're the
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ones that launched the COVID War and three years of zero COVID policy. They
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destroyed the lives and livelihoods of hundreds of millions of people. Yes they did,
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and we get reproach from people in China that are saying how terrible things
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are. So now let's go back. You look at China's GDP numbers,
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like nineteen seventy to two thousand and one, they were like this. Then
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that slime ball, murderer's piece of crap, Bill Clinton, who got every
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time he got caught with his pants down. It's bombs away over bad dad.
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Let's do the Yugoslav War one after another. He brought China. Not
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only did he give us what was that one way that we took our jobs
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NAFTA, which stole our jobs and brought him to cheap labor in China.
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He brought China into the World Trade Organization. When China came into the World
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Trade Organization two thousand and one to two thy and nineteen, before the COVID
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War, the GDP skyrocketing. They overbuilt the place. Like when there's all
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booms, you're overbuilt. Everybody wants to make money, right, So now
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it was overbuilt before, and now the COVID War locking it down. They
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are in a real estate bust the likes of which have never been seen in
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modern history. It was way over built to begin with, and then the
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COVID War made a bad situation worse again. In the Trends Journal, we
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only put in the data. Look at China's export numbersoo going way down.
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Look at China's import numbers boop, going way down. Look at their manufacturing
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numbers going way down. Oh, not only in China, in Europe.
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In the United States PMI manufacturing numbers. The PPI manufacturing numbers. PMI numbers
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are all down, So that means they're building producing lest which means consumers are
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going to buy less. Yep. Yeah, well that's what they want evidently.
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So what about this thing of like pairing down the population? Is that
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real? I don't know. But again, you know, you look at
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the population. Look at the numbers. Okay, let's go back one hundred
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years ago, there were basically two billion people on the planet. One hundred
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years later, you got eight billion. Is that a lot of people?
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A lot? Yeah? Sounds unsustainable? It is. You know my one
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of my books, well at Sidzy gave Honeyboy Sissey's the Italian name for Anti
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Zia's Ante Dizzy's honey Boy. Gizzy is Anti. Hey, She's to say
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to me, may she rest in peace? Gerald? There were too many
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people on the planet here are I mean? So? I mean, so
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what is China? Have you look at China again? You look at their
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numbers. They got one point four billion people. They need more people.
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So anyway, I don't think it was done for that. I think it's
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done for power and control. Yeah. I tend to agree with you,
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but I don't think they'd mind us. But population declines, like now we
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knew China had one hundred million left people than they said, which further increased
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the overbuilding. Uh oh yeah, crash. So declining populations aren't good either,
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right, No, they're not good for the economy, you know.
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But again, this thing is going to go down big. We're gonna we're
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gonna go We're gonna be facing a economic crisis the likes of which have never
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been seen in modern history. And again look at what they did again during
11:24
the Covid War. Yeah, the market should have crashed, the economy should
11:30
have crashed. No, no, screw you, we got it. We
11:31
got a deal, obit. We're going to give you zero interest rates,
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borrow anything that you want. What could go wrong? Yeah, and we're
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gonna pump in trillions and jillions of dollars. Stay a hoone, don't worry
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about his money. Yeah, I mean, you can't make this crap up.
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So they created this bubble. What is it? The American debt now?
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Almost thirty four trillion dollars, that's what they admit to. But I
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think we agree it's probably a lot higher, not even right, including unfunded
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mandates. Right, we don't even know. Yeah, the numbers, some
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of the numbers are as high as two hundred trillion. Yeah, yeah,
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idea, right, So how they're gonna They're not gonna pay it off.
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So here's the what we're saying, and we've been saying this for a while
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now, gold, golden, bitcoin, hm, oh, gold. It's
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very simple. This isn't rocket science. The only reason gold prices didn't go
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up higher is because interest rates went up very high and the dollar got strong
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h as they lower interest rates. Since we had forecasts going back a year
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that they're going to lower interest rates in twenty twenty four, they do it
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all the time in the run up to the presidential reality show. That's all
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it is. It's a reality show. Look at Nikky Alley, Mickey Mouse,
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Donald Duck. I mean it, look at the clowns running. Yeah,
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it's the clown Yeah. So who is our Treasury secretary Janet Yelling?
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Yeah? What was the last job fine, head of the Federal Reserve.
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Yeah, ahead of the Federal Reserves, out with Treasury secretary. Yeah.
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Yeah. So they're running the country because they're running the money and you're going
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to keep it in powers that are going to lower interest rates. The lower
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interest rates go, the lower the dollar forms. The lower the dollar falls,
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the higher gold and bitcoin prices go up. That's the way we see
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it. So which is better, Which is a better buy for the future
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of bitcoin or gold? Bitcoin is a gamble, but the prices we think
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are going to go up higher in terms of percentage wise than gold. So
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I dies every Monday, I buy some bitcoin a little bit every Monday.
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Good see you. Yeah, and I've been doing that for a while.
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I sold some off, but I always go back in. You know,
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if I see a trading opportunity, sell it off, then come back in,
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buying the same amount every every Monday, and increasing the buys over time.
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You know. You look, what if bitcoin wasn't and around gold prices
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would be double their price. Yeah, I would think, yeah, and
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you go take a place like Argentina. We have inflation at one hundred and
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forty percent. People are buying bitcoin. They're not buying goal, they're buying
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bitcoin. They can buy like you said, they buy a little bit of
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a time. They don't want to lose their currency. See, they're buying
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bitcoin, and that's going on around the world. The only thing that we
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see killing bitcoin is if the governments kill it, right, they could theoretically
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do it too. Yep, it could do it because they can shut down
14:28
those nodes. If you know they can't, but look, they could do
14:33
it. It would be a worldwide concerted effort to shut down every bitcoin node.
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And then if you couldn't get a price on bitcoin for even forty eight
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hours, I used to say seventy two, but I think if there was
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no trading in bitcoin for forty eight that would be the end of it.
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Yep, No, it would really hurt it. So anyway, Gold is
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out to me that we don't give financial advice in the Trends Journal. Sure,
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we tell you what the world is going on, it's going to go
15:00
on, and we always we we give what is being reported so you know
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we're not skewing it, and then we get our trends analysis and trend forecasts.
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So to me, three things Gold, Bitcoin, and real estate.
15:16
On the real going back to the real estate market, we said that when
15:20
interest rates score up, there's not going to be a commercial There's going to
15:22
be a commercial real estate crash, but not a residential crash. Again,
15:26
because it's different than what happened with the Panic of eight when subprime mortgages.
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They're still selling it here in Florida too. It skills me. Real estate
15:37
is still going even with the high rates. Yes, selling in Florida.
15:41
So prices may come down a little bit when when mortgage rates go down and
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there is more supply, but it's not going to be a crash. And
15:50
so there's going to be a time. We don't think the time is right
15:54
now to buy real estate again, and so real estate is a long play.
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And those are our three things. And then now we have to look
16:03
at what's going on in the in the consumer market, and you're looking at
16:07
holiday sales, they're not going to be strong. And after the new year,
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we believe that the markets are going to go down again. As a
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matter of fact, we believe they're going to go down in December as well.
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So no Christmas ball, huh, No, No that an Yellow's market,
16:25
no Santa Claus market. We don't see it happening now. And again
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we have these other things going on called the middle one of our top trends
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twenty twenty three, they said for everybody to look at called it at the
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beginning of the year, Middle East meltdown. Mm hmm. She said this
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was going to people forget what was going on over there. And this guy
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Netanya, by the way, his popularity rating is like in single digits.
16:52
And and there were thirty nine weeks of protests going on before Hamas did this
16:59
attack going on over it thirty nine weeks people Israel. He is taking to
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the streets against Obama, against Obama, against n Yah was judiciary fraumat,
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Yeah, I remember, right, And they exposedly knew about this attack for
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over a year. That's right, Pearl Harbor, you know. And terrorism
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again, we said it when all else fails, they take you to war.
17:27
So they let it happen. And now they took the country to war.
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And by the way, Nan Yaho is being brought up on those corruption
17:37
charges too, that get back to the court. You know, it's a
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crime syndicate that it's running countries around the world. A government is a crime
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syndicate. Yeah, the murders and thieves. Yeah, and that's the good
17:48
ones. Yeah, the other ones are really bad. So gold Bitcoin Residential
17:56
real estate looktion is important. You want to be out of heavily urbanized areas
18:04
obviously, but exurbs, suburbs, rural. Is that the markets you look
18:10
for. Yeah, absolutely, And and again, as this war mentality keeps
18:15
increasing, more and more people are going to want to get out of the
18:18
cities. Yeah. And so the big cities are going to go bust.
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And by the way, they are already, they are already. And now
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they've got a lot of tax a lot less tax revenue coming in because of
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all the vacancies and occupancy rates going way down. So you're going to see
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crime rates increase. It's going to be terrible. It's going to again dopiumy
18:41
mad max. So well, I guess you could look and say one good
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thing the Supreme Court did it isn't it's still a work in progress. Is
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reinforcing reaffirming the Second Amendment because it looks like we're going to need it more
18:56
than ever. Coming up, Well, there's gcs G three gs, yeah,
19:00
gons God and scolded a getaway plan four gs. Don't forget God.
19:07
So it's part of the plan. Yeah, Well they get away. You
19:12
know, you be getting away again. I love these ads that they rut
19:17
it ay keep put what to do in case there's a nuclear attack? How
19:21
about bed dovery because you asked the black nothing nothing. Yeah, you'd want
19:25
to live in that bottle you've been holding for a special event. It's time
19:30
because you're not going to get the opportunity to drink it again, right.
19:34
Yeah. Well, you know, like your attitude I'm detecting from you,
19:38
Gerald is like you were fighting this and fighting it and now there's a bit
19:42
of resignation here. Yeah. Well, you know, I launched Occupy Peace.
19:47
I do everything I can. You know, I don't just talk about
19:48
it. I put my money where my heart is, and I'm very concerned
19:52
about what's going on. And if this war escalates, it is real and
19:56
they get a ron Lebanon and into it, that's the beginning of the end.
20:02
By the way, oil prices as we're talking, Brent crossing seventy five
20:07
dollars a barrel. I know wt I is at seventy Yeah, it's nuts.
20:11
Yeah, if this war escalates, you're going to see oil prices go
20:15
to like one hundred and thirty dollars a barrel. Just the economies and equity
20:21
walkets goodbye. One hundred dollars a barrel. Oil is guaranteed major recession global
20:26
because the world cannot run one hundred dollars barrel oil. At this point,
20:30
it leads to immediate contraction, immediate layoffs. Costs just go way too high.
20:37
Well, at least one good thing, you know, I don't think
20:41
the urbanization trend was really a very positive trend. It was in the earlier
20:47
part of the twentieth century up to the middle but then urbanization went a muck
20:53
a muck and it's been a destructive force, not just in the United States
20:57
but globally in ninety countries. So deurbanization might very well be one of the
21:04
good things to come out of this. Gerald, you're one hundred percent right,
21:07
and you you you know the numbers that you said, the dates are
21:11
perfect again. You're what You're a guy that grew up in Brooklyn, right,
21:15
oh, in New Jersey, But my heart was always in New York.
21:18
Well anyway, you know, New York was a cool place. Yeah,
21:22
and then and all these other cities, and then they put up these
21:26
stupid ugly buildings, over built, took out all the glamor, all the
21:32
beauty, putting up this ugly steeled and glass crap. And by the way,
21:37
all the politicians that are spewing out the bs that well, we're going
21:42
to turn these empty buildings into apartments. You care full of polony. You
21:47
can't know the buildings built in the last fifty years a non convertible, No,
21:52
absolutely cannot. But the earlier ones, like I was in a building
21:55
in downtown and that got converted and they were magnificent. And the units because
22:00
the elevator, the distance from the elevator core kind of determines the ability to
22:07
convert, you know what I think. And we both remember this. When
22:11
they tore down Penn Station YEP in New York City, I think that was
22:17
the end of cities globally because there was just no respect for the past and
22:25
everything became disposable for the right price, and you know, it just was
22:30
never the same after that. New York and look at it, look at
22:36
look at look at the train system. And I just went down to Philadelphia
22:40
took to Amtrak. What a joke, am crash? Yeah, am trash.
22:44
Well, Well, put you go to Europe, go to shiny,
22:47
go to Japan. In Malorida. In Florida, we just got the Bright
22:55
Line. It's not quite high speed rail, but the trains are immaculate,
23:00
the stations are immaculate. You could eat off the floor in any bathroom in
23:03
that terminal. Literally, Gerald, it's magnificent. And you see what it
23:07
could have been. Yeah, if we got moors to find people to kill.
23:11
Yeah, what's smart with you? Keep your priorities straight? Right?
23:17
All right? Well, hey, we know you got other other commitments here.
23:19
We always appreciate your presence here. Trendsjournal dot com. Go there link
23:26
in the show notes. Question for Gerald or myself, shoot me an email
23:30
kl at Carrie LUTs dot com. Gerald, thanks for stopping by. We'll
23:33
talk to you again soon, and thank you for what you do. I
23:36
very much appreciate your passion, your knowledge, your wisdom and your caring for
23:41
America. Thank you for having me on and you ten times more. You've
23:45
got a couple of years on me, but probably ten times more wisdom.
23:48
Appreciate everything you do as well. Thank you. Thanks for listening to Carrie
23:52
Letz's Financial Survival Network, your solution to today's trying times. For the latest,
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go to financial service Vivalnetwork dot com. Financial Survival Network now more than ever