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Summary
➡ The article discusses the recent election of Mandani, a democratic socialist, as the mayor of New York City. This election saw a record turnout, particularly among younger voters, indicating a shift in political attitudes and a dissatisfaction with the current system. The article also mentions the economic struggles faced by many, and Mandani’s promises to address these issues through measures such as taxing the wealthy. Lastly, it touches on international reactions to Mandani’s win, particularly from Israel due to his strong views against the country.
➡ The speaker is emphasizing the historical significance of current events in New York City, which they’ve never seen in their 45-year career. They encourage subscribing to the Trends Journal for unique insights and mention a recent video about Trump’s tariffs. They express gratitude for the audience’s attention and promise to return soon.
Transcript
We’re giving you what nobody in the world has given you anywhere, any place. Oh, by the facts. Oh, did you see the big news that came out that the guy from Nvidia said that there’s a dot com that China is going to take over the AI world. Big news. Big news. Oh, we only said China’s going to take it over. How long ago? Oh, this is the COVID of the magazine on February 5th of this year. And what he didn’t mention is the why he didn’t mention that China’s investing, as we write in the Trends Journal, hundreds of billions of dollars.
No, not only in the energy sector for the development of AI oh, and what they don’t mention, as we do, that before Slick Willie Clinton brought China into the World Trade Organization. Beware Slick Willies. The T shirt. I did. When that murderous little bastard that every time he got caught with his pants down, bombs away over Baghdad. I didn’t have sex with that woman. Monica Lewinsky surely suck my dick. That’s not sex. All right. That little. That brought China into the World Trade organization. The year 2000, only 10% of Chinese 18 year olds went to college.
Now some 70% we’re giving you. And nobody in the world is giving you. We were the first to tell that our magazine goes to all the media. All of it. They don’t mention a word from us because they don’t like me. Because I won’t suck up and bend down like these little gutless clowns. Got it. A Curly paper record. 12.33 million subscribers. Don’t. Oh, oh, oh. $5 a day for the weekend edition. $4 every day with big pictures there because they don’t put copy anymore because you don’t have journalists. Oh, no, no. Go to see cbs.
Oh, that guy Ellison’s kid just took it over. Oh, they put that Barry Weiss in there. Barry not so Weiss. Yeah. Oh the, the pro Zionist. So you can’t say anything bad about Israel. Yeah. Anyway, we’re giving you what nobody else is and. And again the dot com busters coming the markets today. Let’s see this is how they say it in C. NBC stocks retreated on Thursday as companies that have benefited for the artificial intelligence trade came under pressure yet again. You know from eye watering valuations. Total crap again. We’re the first to call it. But no, no, now Nvidia did I forgot only what several months, seven months, ten months later.
The Dow, it’s down nearly 400 points. The S P down 1.12% and the NASDAQ down nearly 2%. All right, and then you go on. It’s, it’s. You go back to AI. China will win the AI race with America and video chief says Jensen Wang. Wang has warned China will beat us in artificial intelligence race thanks to lower energy costs and looser regulations. No, no, no, no, no, no, no. That’s not why. That’s not why we said why you Celenti, you’re a little diddy from the Bronx. You got it? We don’t listen to you. We told you this week after week, month after month, fact after fact and not a fact from the Financial Times or anybody that we’ve contacted over and over and over again.
They won’t say it because we won’t suck up. We’re not prestitutes. You ready? Yep. That’s the crap they’re putting in there. We need more optimism. Wang said Yep. The Nvidia chief said the west including US UK was being held back by cynicism. Total. Total. Oh, by the way Earl Oil down. Yep, down again. Selling at 6343 per barrel for Brent crude because there’s way more supply than demand. The whole world is going down. Bitcoin down again. Over 3,000 bucks a coin selling around a hundred and thousand. Gold was up to 4020 bucks today. But flattening out as we’re going on here.
The markets are still open 3978. It has to stay above 4000 to stay strong. I mean again it could go down again. Nothing goes straight up and go. We called it. We said it would go down about 500 points. It did. But it’s going to go way back up. But there’s corrections. Nothing goes straight up and down. AI May fatally wound online advertising model warns Bernice Lee Sir Tim Burn. It was a Sir Tim this Sir up your ass. Like these names they go Nobility, Prince King, sir off with this language. Warned of large language models, LL Ms.
Might eventually replace humans in consuming the Internet. Quote, if web pages are full or all read by LLMs, then people ask LLMs for the data. It’s the future. It’s going to happen. It’s it, it’s going there. Yep. And again you’re going to see when, when the, when the Dow goes down. Excuse me, when the NASDAQ crashes, it’s going to crash around the world because they way over invested, way over invested in Asia as well. What else? You ready? Household Debt hits record $18.6 trillion. Younger borrowers 18 to 29 are struggling the most with late payments. All right.
Gen Z, the Gen Z revolution’s going to happen. We’re gonna we talk about Mandani who just won the election in New York City. Very important, very important. We’re going to go into the details in a bit. Student loan balances rose to a record 1.565 trillion. Total household debt climbed to a record 18.6 trillion. While most borrowers young Americans are feeling the pressure among those aged 18 to 29, the delinquency rates 5% more than double a year earlier and the highest of any age group. The Gen Z’s is suffering because I could keep going on. We’ll put more in the Trends Journal.
And it’s again, the facts are all there. The growing divide between the haves and have nots. Yep. The pattern increasingly resembles K shaped economy in which the higher income households continue to spend and build wealth while those with lower incomes face mounting stress. And again, as we reported, some 10% of the US households are responsible for 50% 50% of all consumer spending. All right. Rising household debt balances point to worsening K shape. Yep. Job cuts in October hit highest level for the month in 22 years according to Challenger in Gray. This is serious. Job cuts for the month total 153,000.
A 183% surge from September and 170% higher than the same month a year ago. The Great Recession is coming. That’s when it was back then in 2009 when they said it was the highest for any October since 2003 and the worst year for announcement layoffs since 2009. The Great Recession. Yep. Retail holiday hiring to hit lowest level since Great Recession. And that’s according to the National Retail Federation. They said that today. Ready big office landlord sues its bondholders. The shift to remote work since the pandemic has prompted tenants to shrink office footage. No shit. Get ready, get Ready for the banks to go bust as more defaults happen on loans.
It’s right in front of everybody, but nobody’s talking about it other than us. And what else do we have here that’s important? The kids aren’t. All right. This is an article from the Wall Street Journal yesterday, excuse me, Tuesday. And it goes on to say that the customers Talking about this one one in one of the Chipotle if their shares fell 23% last week after release of disappointing earnings. Chief executive Scott Bore said customers in their late 20s and 30s facing several headwinds including unemployment. On and on, college graduates are having trouble finding good jobs and and AI might partially be to blame.
Unemployment among 20 to 24 year olds with a bachelor’s degree was the highest in more than a decade. That’s other than when the COVID war was going on. All right again, Generation Z. Why am I saying this? Because the election yet on Tuesday in New York City, it’s historical, it’s very important. And this is what I said before the polls closed on Tuesday. Hello, everybody, this is Gerald Celenty and it’s Tuesday, November 4th, election day, 2025. This is a big day. Very important. Again, I’m a political atheist. It’s not what you like, what you want, what you wish for.
I’m a trend forecaster. You look at things for the way they are, not the way you want them to be. And there’s that election in New York City between that guy Mamdani, Curtis Sliwa and little arrogant Andy Cuomo. The daddy’s boy. Yeah, the guy that locked down the state. Second state, the lockdown for the COVID war. Yeah, that little boy. If this Mandani wins, right now they’re coming out with the data. More people have turned out so far since November 2001. 2001, that’s September. October, November, like a month. And then some days after 9, 11. That’s how many people are turning out to vote.
This is important. Again, it’s not what you like, what you want, what you wish for. It’s what is if this guy Mandani wins. This is a very important trend and it’s showing you how disgusted the people are with the current system and how desperate they are for government help. Again, we write in the Trends Journal. I mean, there’s a bunch of articles in here about what’s going on and how, you know, the US Plantation, the plantation workers of slave Landia, you know, we can’t, they have. Can’t afford anything. There’s going to Be more socialism people if this guy wins.
I mean, this is New York City. This is important. This, I guess, like I said, this is an Akron, Ohio, you know, Columbus, Ohio. This is New York City, one of the biggest cities, you know, most populous, one of the most popular cities in the world. So anyway, watch out to see what’s going on here. There, you got it said how important this is. This is AP. The results for the expansive survey of more than 17,000 voters. Blah, blah, blah, blah. Were troubled by the economy that seems trapped by higher prices and fewer job opportunities. Fewer job opportunities.
Go back to Gen Z. And remember, Trump called this guy a Jew hater. And New York City is the most Jewish populated city in the world outside of Israel. And the guy Mandani still won. All right, this is really, really big. Most voters again there in a speech of hope, celebrating a new political order. This is what Mandani said after he won. Together, New York, we’re going to freeze the rent. Together, New York, we’re going to make buses fast and free. Together, we’re going to deliver universal child care. And by the way, I don’t want to pay for your kids.
All right? This child care is let the mother raise the kids. They didn’t have this when I was growing up. Nah, get to work. Get to work. Get out there. No, go raise your kids. This is free. Everything. Everything. The reason is affordability. Again, when Slick Willie Clinton ran for office in 1992, the slogan used to be, it’s the economy, stupid. And that’s what this is about. It’s the economy. It’s affordability. It’s again, they won in Virginia, the governor’s race. Jersey. This is really important. And it’s an anti Trump push, too. And again, I thought Kamala Harris, God.
So how out of her mind she is would be Trump because of the anti Trump push. And that’s what you’re seeing. They didn’t go out to vote. The numbers are all there when the election ended in 2024, and now they’re out there. And again, Trump sold the of. We’re going to create more jobs. We’re going to bring up your income. Things are going to get better for you. And it hasn’t happened. By the facts of the people. Mandani leads electoral rebuke to Trump. This is Financial Times Today. Donald Trump sought yesterday to downplay his party’s defeat at the ballot box after Democrats swept elections across the US In a sharp rebuke to the president and his Republican Party.
Quote, it was not expected to be a victory. It was very democratic areas, Trump said. But I don’t think it was good for Republicans and I’m sure it’s not good for anybody, end quote. Votes in New York City turned out in record numbers to embrace a democratic socialist. And again, we played that clip of Trump back in 20. Was it 2019? 20. 20, yeah. 2020. When he wanted to overthrow the Maduro government in Venezuela and call Maduro a socialist dictator. So now a democratic socialist just won in New York. And again, when I mentioned that before the polls closed, he said it was the biggest turnout since 19.
Excuse me, 2001. It turned out it was the biggest turnout since 1969. Yep. Mondami elected mayor first Muslim to lead city A triumph for progressives Toilet paper record Wall street braces Mayor Mandani. Wall street heavyweights fail to stop New York City voters from electing a democratic socialist mayor. They dumped tens of millions of dollars to try to beat him and they couldn’t. Again, this is the financial capital of, you know, Wall street and you got a socialist. That’s just one. It’s showing you how bad things are. Tone shifts after win with a call to tax the rich.
Yep. On Wednesday, Mr. Mandani said his call to tax the wealthy was also about fairness. Tax the rich. And by the way, I agree. Tax the At a buffet, at a gates, at a Bezos. Adam Musk. Oh, hey. Top 10 billionaires. Collective wealth grew by nearly 700 hundred billion dollars. Just 10 cats in the past year. And this was the Guardian this Monday. Yeah, 90% tax rate. Buffett said, hey, my secretary pays more taxes than me. I totally support him on that. Totally against the other. Anyway, how man Donni won over a million votes. Another one.
Over a million votes. And again, what’s very important. Mondani ultimately beat Cuomo by 12 points in the primary election with the highest turnout for citywide election in a decade. That was the primary she’s talking about. Voters aged 18 to 29 had the biggest turnout of any age group. All right, go back to your trends journal three weeks ago. Two. Three weeks ago we warned of a Gen Z revolution. The biggest had the biggest turnout of any age group. 18 to 29. Gen Z, they’re busted. The election 78%. 78% of 18 to 29 year olds voted for Mandani, 18% for Cuomo and trailer paper.
Mandani’s triumph in New York evokes intense reaction in Israel. Yep. They don’t like what happened. The Big Apple has fallen. Avigadal Lieberman the leader of the right wing opposition party and former foreign minister said New York Jews who want to survive to immigrate to where they belong, the land of Israel. Can you imagine that? This is from Ahads, the Israeli newspaper for Israel. It’s not only Mandani’s win that spells trouble ahead in the us. Yep, a Muslim. The combination of a Muslim politician which has strong views against Israel, getting elected in a city with the largest Jewish population in the world is indeed a gigantic news story that will naturally generate lots of coverage.
This is important. Again, five of my Jewish friends all supported Mandani and they are happy that he won. And so. And one of my friends, children, also Jewish guy, the kids, they were happy one not only because they’re struggling, the young people, but they hate the system. And that’s what’s so important about this little boy of nothing, a little nobody winning New York City, the largest city in America. It shows you how disgusted the people are with the current system. And going back to Israel. Good news. Israel launches strikes on south Lebanon. Says it’s targeting Hezbollah.
Day after day, week after week. We’ve been reporting in the Trends Journal violates the ceasefire with the they’re going to stop Hezbollah. And this is the way they say it. Fears have been mounting in Lebanon that Israel would resume a full blown aerial bombing campaign, particularly after Israel leaders warn they would take action against Hezbollah if Lebanon did not take steps to disarm the group. Yeah, Hezbollah disarm the group that threw Israel out of Lebanon in 2006. So they’re a terrorist group because they threw Israel out. And speaking of his take throwing Israel out. Israeli army settlers strike 22350 times in West bank last month according to the report from the Palestinian Authority Colonization and War resistance commission.
Yep. 2,350 times. And Israeli forces carried out. That’s not with the settlers. 1583 attacks, including direct physical attacks and demolition of homes and uprooting of olive trees. On and on and on. Again, they’re not settlers, they’re invaders in violation of the Geneva Convention in Article 242 of the United Nations. And again going back to Mandani. Winning this election in the most Jewish city in the world is very important to how many people are disgusted with the genocide of Israel. Israel media bill criticized as a threat to freedom of the press A sweeping bill was put forward to establish a singular regulator for broadcast media.
All content providers, including television, radio stations and news media would have to be registered with the new regulator. Yep, they call this place a democracy, huh? Yeah. And Russian deepens, Ukraine attacks with jet powered dumb bombs. And what else? Ukraine is continuing to target Russian energy infrastructure, which it says is one of Kremlin’s primary sources of funding. This is Euro News. And the Ukraine armed forces have reportedly struck and damaged a Russian oil refinery. On Thursday in Vog Gograd. Again, we said this is going to happen. The war is going to ramp up. They’re going to keep bombs away and deeper and deeper into Russia.
But remember, when all else fails, they take you to war. And the Trump administration, by the votes, is failing. He promised one thing, promises another thing and does another thing. Gen Z revolution again. Nepal, Madagascar, Morocco, Kenya. One country after another, young people taking to the streets. And they took to the streets in New York City. This is so important. This is historical. I’ve been at this for 45 years. Never seen anything like it. So again, if you want to know history before it happens, the facts are all there. Subscribe to the Trends Journal. We’re giving you what nobody else is in the world.
Not even close. And again, watch that great video I did yesterday with Judge Napolitano. Has a lot to do with Trump’s tariffs and will he be able to keep them going. So thanks for tuning in. We’ll see you soon.
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