Summary
➡ Gerald Celente discusses the recent U.S. presidential election, the state of the economy, and the impact on various markets. He highlights that Trump’s election has led to a boom in the markets and a rise in Bitcoin, which Trump supports. However, he also notes that despite the booming markets, many people are suffering due to increased living costs. Celente suggests that Trump will likely push for lower interest rates to boost the economy, and discusses various global economic issues, including job cuts and manufacturing declines in Europe.
➡ The text discusses the political landscape in America, highlighting Trump’s actions and his support from key Republican voters. It criticizes the current state of affairs, including the suffering in Gaza and the U.S.’s support of Israel. The author suggests the need for a third political party, as many Americans identify as independents and are dissatisfied with the current options. The text ends with a call to subscribe to the Trends Journal for more insights.
Transcript
Hello everybody, this is Gerald Cilenti and it’s Tuesday, November 12th, 2024. And what a difference a week makes. Woo, model! Yep, presidential reality show. And of course, you know the way we had looked at this whole thing. I mean, just take a look at some of the covers. What do we have over there? Oh yeah, numbskulls, race to the White House. And what else do we have? Ah, follow your leaders. And what else do we have? Ah, Disney World, White House, Minnie Mouse first, Donald Duck. Yep. Oh, and how about last week’s cover? Ah yes, remember what the polka-dope said? Catholics, you must vote for a lesser evil.
So there you got it. So that’s who we supported. None of them. But here it is. It’s a whole new show. Take a look at the markets. Woo! Trump gets in. He’s promised all of these economic changes, some of them very positive. See what happens. And boy, the markets are booming. Today they’re down a little bit, but they’re still on high. And what else do we have here? Ah, Bitcoin. Again, a wild card. Trump came out as a pro Bitcoin cat. And he got $150 million, by the way, from Bitcoiners. And boy, it’s flying high.
And as you all know, we have been totally bullish on Bitcoin for years. So the facts are all there. As people said it was going to go down, we hit the lows and the highs, said where it’s going. And again, this is a wild card that you can’t predict. That’s why I say I’m not a futurist. Nobody could predict the future. There are too many wild cards, whether they’re made by humans or nature. And Brent Crude hanging down there at about $71 a barrel. Oh, the equity markets are flying high. But wait a minute, how come Crude is down? Well, Trump said he’s going to pump down.
That’s not why. Because demand is down. And you have a real crisis that’s starting to heat up in Europe and in China. By the way, in this week’s Trends Journal, we have a very different economic update. And it’s very important to read because it’s the special report, the U.S. presidential election and the U.S. economy. And going back to the cover that we have here, the Trends Journal will be out soon. We’re broke. Biden busted us. In Trump, we trust plantation workers of slave land. And that’s what made it happen. As the old saying goes, it’s the economy’s stupid.
And again, we sent out that report of why we got it wrong for the data that was out there. So again, you look at the consumer confidence levels, they just hit a four-year high. And they’ve been up the last four months. So anyway, but the average person, it’s the working class is really, really suffering. You know, the high prices that have gone up, the food prices, why they’re about over 20% since the COVID war happened. You have housing prices have gone up some 50%. Automobiles by over 30%, 40%, you know, way up there.
So the people are really hurting. And Trump is the promise that they say is going to change it. So also, in your economic overviews in this Trends Journal, food prices reach 18-month high. Global income inequality on the rise. And we’ve been writing about this for years, how the rich keep getting richer and the poor keep getting much, much poorer. So now we Trump in, where are the markets going to go? Where’s the economy going to go? You got to read it in your Trends Journal. There’s a great article here by Gregory Manarino, and it says MAGA, you make American great again, ising the markets.
So what’s going to be the best long-term bet? Will it be Bitcoin, gold, silver? Hey, what do we got here? Gold is at, let’s see, $2,707. Oh, no, that was last week. Yeah, not now. Gold is at $2,597 an ounce, down some $200. Go to your Trends Journal last week. What did we say? That gold’s been on a sharp, and I’ve said this in these podcasts, that gold’s been on a sharp rise up, and it’s got to have a correction. And again, the wild card. When Trump came in, made some things that are very positive.
Federal Reserve says they just came out. We have the article in there that they’re going to lessen the lowering of interest rates. They’re going to keep them higher. That’s brought gold down, the dollar up. But will that happen? Will Trump force Powell to lower interest rates? He did it before. Go back to 2018. Take a look at the equity markets in December. Not a Merry Christmas. Yeah, the Dow, the S&P 500 went down to correction territory just in that month, down 10%. NASDAQ down almost 9%. What did Trump do? He forced Powell into lowering interest rates.
That’s fine. And in January, interest rates went down, kept going down, markets kept building up. So the question is, will Trump push Powell to lower interest rates again? Now, don’t know, but we would say that Trump is going to do everything he can to boost the economy. And what’s forgotten is that Trump boosted the economy when he locked down everything on Black Friday, March 13th, 2020, and dumped in trillions of dollars and lowered interest rates, he didn’t lower them, the Fed did, to zero interest rates. So he’s bullish on building the economy, and you’re only going to build it by lowering interest rates.
You see the mortgage rates went back up, even though interest rates are down. So he’s going to do everything he can, his hour forecast. So the Fed lowers interest rates, you’re going to see gold and silver go back on their high levels. Other very important articles in here spotlight on China’s misery, their economy. Again, you got to read when the economy fails, jobs go with it. You should see all the job cuts that are coming in. We’ve been doing this over a hundred weeks. They’re enormous. They’re enormous in high paying jobs. And again, it goes back to the election.
Again, what we underestimated, and that is the young people. They’re getting out of college and they can’t find a job. And the ones that don’t want to go to college, they can’t find a good job paying anything. My cousin’s grandson, who went to one of the top colleges in New York, I’m not going to name it, it took him two years to find a job or something. He got a job at Target now, $16 an hour. He can’t live on that. And it goes back to the cover of the magazine. And this is the primary reason Trump won.
We’re broke. Biden busted us. And Harris, you know that stupid interview she did on The View when they asked her, how’s her presidency going to be different than Biden’s? She couldn’t answer it. And again, the other issues too with this, people are tied to the woke crap. We don’t want to hear it anymore. And the immigration issue. So these are the key issues. And so going back to the economy, we have to look at what’s going on all around the world. French and German manufacturing see sharp declines. And again, hit that subscribe button. They shadow ban us because they don’t like some of the things that I say.
So we need your support. Collapse of German government leaves economy in limbo. I mean, these are all facts. So what’s going on here is not global. And then we got, of course, this is why you look at the data and the data doesn’t only tell the story. Consumer sentiment hit a high. Again, the highest in four years. Then we go on to the Israel war. And again, by their deeds, you shall know them. And it looks like Trump is going to be very, very pro-Israel war. Why? Well, Mike Huckabee, ambassador to Israel, AP. Trump will nominate former Arkansas governor Mike Huckabee to be ambassador to Israel.
The president announced on Tuesday, Huckabee, a staunch defender of Israel. Hey, go over there and fight, fatty. Go over there and fight your strong defender. All you defenders of any foreign nation, go over there and fight or shut your fat mouth, fatty. And his intended nomination comes as Trump promised to align U.S. foreign policy more closely with Israel’s interest as it wages wars against the Iran-backed Hamas and Hezbollah. It doesn’t give a damn about all the Palestinians that are being slaughtered in front of everybody’s eyes except those too blind to see and to death and done.
Hey, how about you always killed now four million people in Lebanon? Bombs away, destroying, wiping out over 30 percent of Southern Lebanon. But we’re not going to talk about that. We can’t talk about that. No, no, we got to talk about what’s going on here. Trump, he loves Israel and likewise the people of Israel love him. Isn’t that nice talking about Huckabee? Huckabee, who ran unsuccessfully the Republican president in 2008 and 2016, has been a popular figure among evangelical Christian conservatives. Many who support Israel due to the Old Testament’s writings that God’s chosen people are Jews and that Israel is the rightful homeland.
Oh, the Old Testament, yeah, chapter six, section eight, shoving. All right, I don’t believe your comic book. And again, oh, chosen people, yeah, I’m just a little wop, a little guinea. I’m not a chosen person. Hey, you’re from the Bronx, you’re not really done. Hey, where the choice? Fuck off. Fuck off with your chosen people crap. Shove it. Trump has been praised by important Republican voters block for moving the U.S. embassy in Israel from Tel Aviv to Jerusalem. And thanks for the hundred million dollars he got from Sheldon Adelson back then. And of course, his wife, Mrs.
Adelson, she gave him another hundred million. And as we write now a letter to the subscribers on the foreign policy side, Trump seems intent on earning the hundred million Israel booster Miriam Adelson gave him. He selected Representative L.C. Stefanik, who won the Miriam Adelson Defender of Israel award to serve as America’s U.N. ambassador. And reports indicate he’ll ask Senator Mark Rubio to be Secretary of State. Of course, Trump once called Rubio the perfect little puppet. Said a perfect little puppet got his puppet job. This will clown the fucking Secretary of State. Blinken, Rubio, Greenberg, iceberg, what’s the difference? Yep.
So. As a candidate, Trump was a piece. But considering those that he has selected so far and the others that we put out there, it doesn’t look it that way. Very sad. I hope again, I agree with Trump on the number of things. But again, I didn’t support. R.F.K. and R.F.K. had a great shot in the beginning. You look at him in the very beginning, his polls numbers like 15 percent. Then he came out pro genocide. But by by want my money back. I donated to him. So this is a serious issue because if they escalate this is real war, it’s going to be nuclear war.
And it looks like they may do it, considering the people that he’s selecting. And again, it’s the same club, the same clown club, nothing new so far. Manitarian head suffering in Gaza almost unparalleled. Northern Gaza, a hellhole as ethnic cleansing continues. And guess what? America is selling Israel another five point two billion dollars of F-15 so they could keep bombing the people into destruction. Yeah. We have the Gaza death toll, the Lebanon death toll. Oh, again, great articles in here by Dr. Joseph Mercola. Pretty toxic. A documentary unveiling the dangerous side of the beauty industry.
Yep. And again, great trends and technocracy by Joe Duran, the technocracy man is one of his books. A declining human, the synthetic devolution. Be human. You go to Amazon, put up Joe Duran. And if you want to know about technocracy, you’re not getting a better deal in anywhere, anyplace than the trends journal. Trends in cryptos. And again, we’ve been on it. We’ve been on it. You know, get everything right all the time. So take it easy. Oh, I’m perfect. You know, fuck off. Anyway, and then the presidential reality show. Time for a third party.
Yep. 43 percent of Americans identify as independents. We need a third party. Again, as you saw by the covers of Trends Journal magazine, it’s a crime syndicate. We don’t support any of them. And again, they just brought the criminals. Trump got them. All the clowns in the show are now at the top. Not all of them, but what’s going on so far. And Trump went, win benefited from surge of support from young voters. Again, they’re really hurting. And he peels through working class. And very important. All those celebrities, this lady, I have a fucking bullshit word, Springsteen, Beyonce.
Yeah. One after another, you all came out Taylor Swift. All these people that came out for Harris meant nothing, meant nothing. Celebrities. Used to mean something. Once upon a time, there was a guy by the name of Frank Sinatra. And he was the guy when John F. Kennedy ran that helped get him elected. Sinatra was big, big, young and old. So what happened? After he helped him win, JFK was supposed to go out and visit Sinatra out in California. Sinatra even got a pad built so the helicopter could land. And then Kennedy said no.
And then RFK, his brother, went after the mafia. Yeah. Yeah, thanks. Went after the mafia. How about going after the real mafia, the banksters? The Goldman Sachs gang, the Merrill Lynch mob. Oh, no, we only gave him $29 trillion under Obama. That’s the other thing. Obama, Clinton, and Obama’s wife, she got a lot of people angry with stuff that she said. They didn’t mean anything. Didn’t mean anything when they hit the campaign trail. And again, as we said, when Clinton went out there to Michigan and made that statement that Palestinians, oh, they killed so lot, basically, and it’s the Holy Land, she lost the Michigan vote we said she was going to at that time that that was really dangerous.
The point being, the Democratic Party is no longer, quote, the progressive or liberal party. It’s what this terrible Republican Party was in many ways. So we need a new third party. And you can see by the discontent. Again, not according to our data, but according to the data that’s being reported on the people going out into the polls, voting, it said that Harris got 69.3 million votes, 12 million less than the 81 million votes Biden got when he ran against Trump in 2020. I know you’re going to say the election is rigged. I don’t want to hear that.
I’m just going to buy the numbers that are out there. No election. Oh, how about hagging Chas? That wasn’t rigged. But anyway, very important. Very, very, very important. Yep. So that’s what’s going on. And it’s a whole new game out there. This is a time for a new third party like never before. Again, the reason why so many people didn’t go out to vote for Harris, the Democrats, is because they had no faith in her. And it was very, very clear that a lot of people weren’t hard on either of them.
But, you know, Trump did great. He won the popular vote. And he won the electoral college big. So here we got it. A lot more trends in AI, high-tech science. We’ve given you everything we can. So please give us everything you can. Subscribe to the Trends Journal, $2.50 a week. Read history before it happens. Thanks for tuning in. And we’ll see you tomorrow, 6 p.m., with Salenty and the judge, Judge Andrew Napolitano. Thank you. [tr:trw].