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Summary
➡ The situation between India and Pakistan is escalating, with both countries having nuclear weapons. There’s also unrest in Israel, with protests against the government’s judicial reform act. The global economy is struggling, with oil prices dropping due to decreased demand and increased production. Meanwhile, there’s a dispute about the incident that sparked the recent hostilities between India and Pakistan, with some suggesting it might have been a false flag operation.
➡ The text discusses concerns about potential war escalation, particularly involving Israel, and its potential impact on global economy and oil prices. It also mentions the possibility of a dot com bust and the rise of AI, particularly in China, which could affect global markets. The text suggests that these events could lead to a decrease in interest rates and a weaker dollar, which could in turn increase gold prices.
➡ The article discusses the potential downfall of the dollar and the rise of gold prices. It suggests that the U.S. economy may face a downturn due to overvalued stocks and increasing debt. The article also mentions the possibility of an office building bust due to high vacancy rates and expiring leases. Lastly, it discusses China’s economic situation, including its accumulation of gold and the impact of its zero COVID policy on its economy.
➡ The speaker criticizes the loss of manufacturing jobs in America, attributing it to outsourcing and cheap labor. They express uncertainty about the future of U.S.-China trade relations due to frequent changes in policy. The speaker also warns of potential economic and geopolitical instability, including a potential conflict between Israel and Iran. They encourage people to stay informed, prepare for the future, and strive for physical, emotional, and spiritual wellness.
Transcript
One little jerk off after another running and ruining countries around the world. It’s a crime syndicate that people call a government. And I believe that Netanyahu will do everything he can to ramp up war against Iran. Saudi Arabia, Qatar, United Arab Emirates, you all got locked jaw, every one of them not doing a damn thing to stop the slaughter. It’s all about the bottom line. They’re only interested in making money. There’s going to be a false flag event. They’re going to make up some crap to keep escalating the war. Israel says if they lo they go nuclear.
And that’s my greatest concern. United States and or Israel go to war against Iran. You’re going to see oil prices spike to about $120 a barrel. Gold could easily go to 4 to $5,000 an ounce this year. I’ve been at this for 45 years. I never seen a time like this. Never. World War three is already happening. This is a house of cars and it is in the process of collapsing right now. You’re going to see an economic crash the likes of which we’ve never. Folks, Canadian prepper. Here today I’m with a man who needs no introduction whatsoever.
Gerald Celente, renown trends forecaster and publisher of the Trends Journal. He’s a pioneer in tracking global socioeconomic affairs and geopolitical shifts. His bold predictions and sharp insights have made him a leading voice in future trend analysis. And I was just thumbing through the latest Trends Journal with the Copa dope on the COVID And what I really like about the Trends Journal, I’m a guy, there’s just so much information coming in 247 nowadays. What I like about this, it’s a 236 page comprehensive guide to everything that’s going on in the world. But the way you have it organized, you have all of your trend forecasts in red.
So a guy like me who already has the data, if I just want to go and see. Okay, what, what’s Gerald’s take on what’s coming? I can just go for every section. There’s a nice write up in red that explains what your forecast is going to be. And so I can’t even remember the last time I had you on. It was probably a few months ago now. Gold is touching 3500 bucks. Things are getting crazy. We got new war starting. Gerald, what’s on your mind today? Oh, so much. I mean the, you know, now the India, Pakistan war is heating up, Yemen’s retaliating against or they keep going on back and Forth with Israel after Israel bombed the airport in Yemen, blew up a couple of planes and caused hundreds of millions of dollars worth of damage.
And, and then there’s, you know, the economic issues, what’s going on? And here’s something that. Not in the media at all. Two things we talked about. Gold prices go to the toilet paper record. They call themselves a paper record. The New York Times or the World Crap Journal. Nothing about gold. Rarely, rarely, rarely, rarely. An article about why gold prices are spiking. And I’ve been at this for 45 years. One of my books, trend Tracking Far better than megatrends, Time magazine, 1989. I began buying gold in 1978. I think was 163, $183 an ounce. I’ve been following gold since then.
Never before have I seen a takeoff like, what’s going on now? And the reason being is the geopolitical uncertainty and the economic uncertainty. So going back to, you know, what’s going on in the, in the gold world, what’s your favorite war? I mean, they’re talking about ramping up. The war against Israel is against Iran. Oh, by the way, as we go on the air, Israel just bombed Lebanon. Oh, they just killed, according to Haaretz, the Israeli newspaper, about over 100 people yesterday in Gaza. And now they say they’re going to take over the whole place. So this thing is just going to keep ramping up.
Have you ever seen throughout your, your career them being so quiet about the price of gold in the mainstream media because we’re not hearing anything about it? No, never before. They used to, used to be news. It’s not news because it’s saying how bad things are. And again, let’s take a, you know, you got in tracking trends, you make connections between different fields. And one of our sayings is opportunity misses those who view the world through the eyes of their profession. So the people in the economic world know very little about what’s going on geopolitically. So they just, in, they just put this little clown boy in, this Mertz clown over there in Germany.
Oh, Mertz. What was the last job? Or he worked for blackrock. He worked for blackrock. And now the guy’s playing chancellor, a little piece of nothing. Oh, yeah, that guy. What is he gonna do? We need a trillion dollars to build up our defense because we got to stop them Russians. If we don’t stop them Russians, they’re going to take over all of Europe. I’m not making this up. That’s the crap spewing out of the mouth of this ballist little boy. Oh, Germany, third largest economy in the world, in a recession for two years. Entering into another one.
Again, tracking trends is the understanding of where we are, how we got here, where we’re going. Let’s go back to 2019 before the COVID war began. Germany was that far away from recession. Now you can spend a trillion dollars. Oh, these are the germans. World War II, Operation Barbarossa killed what, over 25 million Russians. According to John F. Kennedy’s speech at American University In June of 1963, no nation suffered more than the Soviet Union. They lost their farms, their factories and their homes, the equivalent of Chicago to the east coast. And he said over 20 million were killed.
And you’re telling me, Mertz, that you’re worried about the Russians invading Europe? Oh, and the Nordic countries building up their military. When all else fails, they take you to war. The Pakistan, India war. Ramping up. They’re ramping up the war going. They’re going to keep. What happened a couple of days ago. Oh, Ukraine bombed deeper into Russia. Oh, that’s not news. Don’t, don’t talk about it. 550 drones and there wasn’t one news story about it. These are 550 drones flying deep into Russia. Well, MERS is pledging to increase military aid to Ukraine. And apparently Trump has now given up on trying to mediate a deal.
What a surprise. Hey, you elect me, I’m going to end the war. 24 hours, okay? No, no, no, I’m elected. That war is going to end before I take office. Okay, how about I’m full of shit all the time. I’m the leader of the presidential reality show. I’ve been playing this game for years. I mean, how can anybody swallow the crap coming out of these jerks mouths? And it’s one country after another. How about that little guy over there in France with a pecker the size of this, if he has one at all. Macron. How about that little nobody boy of nothing Starmer over there in the uk? How about throwing an fou and a C in that UK too? All right, one little jerk off after another, running and ruining countries around the world.
And roll out the red carpet for when they show up. And don’t forget to put all those little boys in their costumes to salute them. All right, what do you think is going to happen, you know, in and around May 9? We have a victory day parade happening in Russia. There’s been a lot of threats made. There doesn’t seem to be any mention of this by the Trump administration. We haven’t heard any comments. Who knows, maybe he’ll tweet out something. But it appears as though they’re leaving it to the Ukrainians now to do whatever they want to provoke the Russians, which seems crazy to me, like there’s so many ways that Trump could get out of this and.
But for some reason, they’re hanging on. Now, we understand that it’s all one club that we’re not in, but how is it that they still have political capital when they’ve made all these promises and none of them are being met? They lie their way into office all the time, by the way. I began my career working on major political campaigns in Westchester county, which is the richest county in America. Back in the 70s when I used to do that, I was the assistant to the secretary of the New York State Senate. I designed and instructed a course, American Politics and Campaign Technology, how to Run Political Campaigns.
And I taught it at St. John’s University. I got a picture of me when I picked up Ronald Reagan and put on a. A brunch for 16 of our board of directors. Back two days before he’s announcing he’s running against gerald ford in 76. I’ve been on the other side. It’s a freak show. That’s why I quit. They’re ballist, gutless little boys and girls, and they’re telling us what to do. So you’re asking, well, how can they get away with it? It’s what they’re doing everywhere. It’s called a political system, and it’s a crime syndicate that people call a government.
Did you have any forecasts? I know it’s a little early on, and it’s such a fluid situation. Do you have any forecasts with respect to the India, Pakistan escalation? It’s a guessing game, but look how it’s ramping up. And they’re both nuclear. They what a but have over. You know, I forget how many nuclear weapons each of them have. 70, 80, whatever. 170. I forgot the exact number. This is crazy crap again. When all else fails, they take you to war. Look at this. I mean, that’s all this is. And it’s one country after another. You know, people forget what happened in Israel.
Again, not my language. The language of Isaac Herzog, the President of Israel. There was a civil war going on in Israel before the Hamas attack on. Prior to October 4th, October 7th, there was a civil war. There were 39 weeks of people taking to the streets against Netanyahu for his Judicial Reform act, which basically said, do it away with the justice system and we’ll be in charge. 39 weeks of protest. Not my language. The language of the President of Israel. There was a civil war going on. Everybody forgot about it. That when all else fails, they take you to war.
The global economy’s failing. Hey, how about those oil prices, huh? Oh, they’re tanking. Wonder why? Oh, because demand is way down and OPEC needs the money so badly that they’re increasing production as demand is going down, which shows you how bad it is. All right, guys. So as some of you know, Canadian Prepper is a fully independent channel. We don’t have sponsors, and we’re beholden to nobody. You can help support us by supporting yourself by gearing up@canadianpreparedness.com I know that in an emergency, having the right gear can make all the difference. This is why I’ve tested and curated the best preparedness products on the market, so that you can be confident and ready for whatever comes your way.
Now back to the video. It seems as though there’s some dispute around the incident that preceded the flare up in hostilities in India and Pakistan. The Pakistanis are saying that this was possibly a false flag. And so, and it doesn’t seem like that it would be sufficient justification to bring two nations to the brink of nuclear war, even if it was, you know, a legitimate terrorist incident. You know, it seems as though there’s a bigger force behind this conflict which is now seemingly ramping up as Pakistan targets Indian airports. Just today, the most recent news is that they were targeting an S400 system.
So it seems like there’s bigger forces at play here. And I don’t know enough about that situation. But I agree with you that it’s coincidental that an hour after Trump just made an off the cuff remark about how they’re pulling out a Yemen, and perhaps you have some thoughts on that. All of a sudden a war with Pakistan in India starts like literally in the same, the same day. That’s so crazy. Again, as you said, Pakistan said they had nothing to do with this. And is that a reason why you attack? You know, there has to be other reasons.
Going again. This has been going on back and forth for decades, I guess since, you know, since the UK left there, what, 1947, when they, they were running with. They killed over, over 100, 400 million people in India died during India’s, the UK’s occupation of it for almost 100 years. And that’s the other thing they call the government His Majesty the King. A bunch of murderers. If they were Italian, they call them the Mafia. And look how they dress up in their little clown uniforms. A little damn Hollywood Halloween freak dressed up with a little crown and all the little shit on them.
And the people kiss your ring and bow down. A murderous gang. One murderous gang after another. They destroyed the place. This has been going on. And again, because of all these wars going on. And these are the repercussions. Look what’s going on in Israel. The people running. You’re an anti Semite. These aren’t Semites. Semites are from the Mesopotamia region. What’s Netanyahu’s real name of Mila Koski. From what, Poland? They’re not Semites. Are the people in the Mesopotamia region. These are foreign people coming in, ramping up wars. They’re out of their mind freaks. So you don’t know where it’s going.
But this is dangerous. And again, going back to Yemen, they’re saying there’s no deal. They’re saying they never signed a deal. And they’re saying that America is pulling out because Yemen was shooting down there. They knocked off a couple of jets or they said he fell off the, the Franklin, the ship, the Truman ship or whatever. And knocking out drones and one thing after another. America hasn’t won a war since World War II. Longest war in American history. Afghan couldn’t beat them, couldn’t beat, oh, Vietnam. They just celebrated the 50th year of the end of the war.
Killed over almost 4 million Vietnamese, flooded the place with Agent Orange. You know, I mean, and they’re crazy people. Yeah. It seems as though my thoughts on that are that maybe Trump is just trying to bring some sort of detente while he goes there for his trip because he’s supposed to make a big announcement in the Middle East. Do you have any thoughts on what that might be? Yeah. What, is he going to build a new Trump Tower? In which country? Look at all of what’s going on. They’re building one after another, one after another. Again, we write what we don’t.
We don’t. We put the facts down in the trench journal. We said crypto is going to explode when the Trump team came in. Hey, look at all the people in crypto. His son going over there one after another, making up their own meme coins. 1. And, and it’s booming as we’re speaking now. Crypto’s over 100k. And we said it’s going to keep going up because again, look at, look at his inauguration. Look at all the crypto people in there where they give him over $100 million, his campaign and his inauguration and more and more don’t. As much as I think it’s.
As much as I think it’s a racket, a person can’t deny that there’s a reason why blackrock is buying so much of it. Right? Exactly. Blackrock. Can you imagine this shit? Blackrock again. Blackrock again. The guy that’s playing the chancellor, former blackrock guy of Germany. No. So it’s again, it’s definitely a gamble. But we’ve been saying be considering where it’s going. If you’re going to gamble, gamble in this. If you like to gamble. It’s going to keep going up because of the people in it. All they want to do is make money. Bottom line. So you say when Trump’s going to the, to, to the Middle east, it’s about the bottom line.
Look what his son’s doing out there. Do you think it has something to do with the Saudi Arabian Abraham Accords? I don’t know. But again, let’s look at this. The only country that’s fighting against Israeli genocide, by definition, that’s what it is, is are the Yemens. Yemenis, a small little nothing country. They got all the Saudi Arabia, Qatar, United Arab Emirates, you all got locked or every one of them not doing a damn thing to stop the slaughter. Nothing. So let’s go back to in the 1970s, early 1970s, when they put the embargo on, stop sending out oil because of Israelis attack into I think it was the West bank back in 1973 and the ramping up of the war.
All the, the Arab countries united cut off oil. They put an oil embargo on. They’re not doing that now. It’s all about the bottom line. They’re only interested in making money. Do you have any forecasts specific to the possibility of a strike against Iranian nuclear facilities? Do you think that’s still in play or do you think that Trump is now reconsidering that because the Israelis are making all this noise that, oh, Trump’s abandoning us. But that just seems like a bit of a sham discourse. Before I say that, before we talk about the Ukraine war. I believe if Trump was president when the Ukraine war broke out on February 24, 2022, it would be over by now.
We wouldn’t have sent all these hundreds of billions of dollars under Trump. So I want to say that on a positive about him on that, on the Israeli front, it’s a, again, considering the Hundreds of millions of dollars he’s gotten just from the Yadielson family is pulling the embassy out of Tel Aviv when he was president, putting it in Jerusalem, telling Israel, that land you stole over there in the, from Syria, in the Golan Heights, it’s yours. And considering the Zionist team that he has, I think he’ll be supporting Israel. And I believe that Netanyahu will do everything he can to ramp up war against Iran.
There may be a false flag event that happens that they’ll blame on Iran, and I think it’ll ramp it up. But here’s the bottom line. Iran is very advanced militarily, scientifically and technologically. These are the Persians. There are 91 million of them. How many Jewish people live in Israel? What about 7,8 million? 91 million against 8 million. Very advanced. You don’t have to be good at figuring this out. There’s a thing called the Samson option. S A M, S O n. Anybody look it up. Israel says if they lose, they go nuclear. And that’s my greatest concern.
Netanyahu is a murderous freak that will do anything to stay out of jail, as he’s been proving, and not to be brought up on the charges that he’s been accused of. And again, when all else fails, they take you to war. Now, I’m going to make this, just to make this clear. Google up. Anybody Google up. Franklin Roosevelt seizes all Japanese assets in America. July 26, 1941. July, August, September, October, November, December. They bombed Pearl Harbor. So go back to July. You know why he did it again, History Today, mainstream media. Those dirty Japanese invaded French Indochina and they’re going to pay the price.
Wait a minute. French Indochina? What the hell are the French doing in Vietnam, Cambodia and Laos? And you’re calling a French into China? We’re stealing their rubber, their tin, rape, pillaging with a French Algeria. We’re in Morocco. We could do anything we want. We’re killing people all over the world. I forgot, okay, The United States Kingdom and the Dutch. Dutch, East India. Oh, Dutch. What’s the Dutch doing in Indonesia? Oh, we’re robbing, pillaging and stealing. The three cut off 3/4 of Japanese trade, 3/4 of Japanese export trade. They destroyed and stopped 88% of the oil from going into Japan.
Can’t understand 100%. Can’t understand why they bomb Paralympic. All right, I didn’t know this until three years ago. I did not know this. They don’t teach you this. So going back there’s going to be a false flag event. They’re going to make up some crap to keep escalating the war and the people buy it. The longest war in American history cost us trillions of dollars, killed hundreds of thousands of Afghans for nothing. So that’s my concern. It would seem like if they do genuinely feel that the Americans are going to abandon them, which I highly doubt they would try to orchestrate something like that if they felt really desperate.
And I think it’s only a matter of time. And I think we’re at a point now where they really do just need one trigger event because they’ve set it all up. They, they continuously are moving more assets into the region. In the last couple days, I think they’ve moved four more B52s all throughout this time when apparently, you know, they’ve, they’ve had this rapprochement with the Yemenis or the Houthis, which really doesn’t make sense because, I mean, correct me if I’m wrong, but usually when you stop a military campaign, you have some kind of like dedicated presidential address, like something formal.
And this was just an off the cuff remark he made as if it wasn’t even a big deal. Oh, yeah, by the way, you know, we’re gonna stop bombing the, the Houthis, which to me seems quite suspicious, that they’re probably just doing this as a temporary measure because they know Trump is going there. And then as soon as that has elapsed its game on once again, what we do is trend forecasters. We talk about the Israel war, for example. We subscribe to Haharetz, the Israeli newspaper, but we also go to Jerusalem Post, Times of Israel. Yeah, we also go to Irna, Isna Press tv, Tehran Times.
When you hear what the Iranians say, we go to Arab News, we go to Al Jazeera, we go to Middle East Monitor, Middle East Eye. We want to hear what the Arabs have to say. We go to France 24, we go to Euro News. We want to hear what everybody has to say. So you’re talking about Yemen. So let’s just see what Tehran Times came out with. And the article they wrote about Yemen, quoting the Yemenis. No deal at all. They said they’re not going to stop. That’s according to them, not reported in any of the Western media.
They’re going to keep. Now let’s go back to the Yemen war. Who started it? Oh, the Nobel piece of crap prize winner Barack Obama when Saudi Arabia invaded it back in 2014. And who we send over there, that little boy of nothing that used to be our Secretary of State. That was Under Secretary of State Antony Blinken. Remember that little nothing of a clown. Why daddy was the ambassador to Hungary. My uncle was an ambassador to Belgium. I went to Dalton, I went to Harvard. A little gutless little clown boy or him went over to Saudi Arabia, the United States, giving refueling Saudi jets and giving them, quote, intelligence to bomb the hell out of Yemen back then.
And we killed over 500,000 Yemenis. Why did Saudi Arabia attack Saudi Arabia or the king? Look at the little costumes they dress up in. Oh, they invented this thing. What about 1934, the kingdom? The kingdom again. They’re a mafia. Oh, they wanted, they wanted the land next to them that the Houthis had. They’ve been after the Houthis since the Saudi gang was invented. But nobody talks about this. So now going on to what’s going on now, they’re not going to stop them. And as I said, all the Saudis are interested in is making more money. End of story.
How do you figure the Saudis and OPEC dropping their oil prices and flooding the market with oil. I know you say it’s because they’re desperate for cash, but don’t the Saudis Need a $90 price point? Your trends journal, you outline how apparently there was some countries who were doing some undercutting and that that is what prompted the price. How long do you think these oil prices can be sustained before it affects the Saudi and Russian economies negatively? It’s, it’s going to hurt all of them. And but here’s the deal. If, if United States and or Israel go to war against Iran, you’re going to see oil prices spike to above $120 a barrel.
War breaks out. It happened before, it’ll happen again and that’ll crash the global economy and the global equity markets. And another thing, very important that they’re not talking about. We talked about how they’re not talking about gold prices going up. And again, we’re very bullish on gold. One of our top trends for 2024 was a golden year for gold. Gold went up nearly 30%. We’re very bullish on gold. Gold could easily go to four to $5,000 an ounce this year. And now going back to, you know, what could happen next that’s going to bring down the markets that no one’s talking about is a dot com bust.
And that’s what we see happening. And by the way, I would remind me if I forget about this, the dot com bust, the Federal Reserve. So they just met and they said they’re not Lowering interest rates. The economy goes down. Interest rates go down as interest. As interest rates go down, the dollar gets weaker. The weaker the dollar gets. Gold is dollar based. The higher gold prices go because it’s cheaper to buy gold when the dollar goes down. Trump did it before, he’ll do it again. He did it before back in 2018when he was president we had the worst Dow industrial average since the Great Depression.
He forced Powell to lower interest rates and he did, he did in January 2019. Now going back to the dot com bust again. It’s one big club as you said. We ain’t in it as George Collins used to say. So Powell do what he’s told, there’s going to be a dot com bust. Trends are born, they grow, they mature, they reach old age and then they die. AI is just a baby been born in 2022, three years old. You don’t invest all your dough in the first AI companies and that’s what they did. Now again tracking trends you make connections between different fields.
Let’s go back to 2000. This is a T shirt that I did by the way when little Billy Clinton ran for office in 1992 when he ran for president. Beware of slick Willie. He brought China into the World trade organization in 2000. 10% of Chinese 10% of Chinese 18 year olds went to college today nearly 70%. Their young people are AI high tech addicted. The Chinese are very intelligent people. You’ve got all of them going to these kids going to college now their AI world, they’re going to advance in AI. America has 347 people with dumbing down in front of everybody’s eyes.
You saw what happened with Deep Sea and what it did to Nvidia stocks and other quote Magnificent seven. This is just the beginning. This is just the beginning. China is going to do everything they can to advance in AI. Love it, hate it. Not the issue. AI is the future. It’s going to crash the dot com market and that’s going to crash the economy. And again when the economy goes down, equity markets go down. Trump will push pressure on Powell as he did before to lower interest rates. The lower interest rates go, the deeper the dollar falls.
And again China’s what the Xi just came to to to Russia for their celebration of the the day victory day parade. Yep, Victory day parade. What do they say they’re doing all their trade outside of dollars brics. The world has had enough. A United States geopolitical and economic hegemony. The death of the dollars before us when the dollar dies, gold prices skyrocket. But Gerald today, did she hear the news? Trump said that it’s a good time to go out and buy stocks now. You better buy stocks now. He says yes. So he’ll juice the market up like he did the last time.
And his inside gang knows when it’s doing it, just like they did. They’re showing with the meme coins that came out about how before they even came out, small group made tens of millions of dollars on it overnight. So yeah, stocks might go up for a short time. But again, we see a dot com bust coming. We called it in 1999 the dot com bust. We said it would bust by the second quarter, 2000 and it did. And we’re saying it’s going to bust this year. The dot com bust. They’re way overvalued and they’re not going to be leading the charge again.
Deep Seek is now used the most of any of the AI in in the world. The facts are there. So you think that this is primarily going to be an AI bust or is it going to be a broader economic downturn? Because it’s not only AI stocks that are overvalued. It’s, it’s everything, right? I mean, I just got word today that the US treasury is now going to need to borrow 515 billion, an increase of more than 300% from previous estimates. But don’t worry about it. We’re going to go into, we’re going to go into, what’s that place, Fort Knox, and we’re going to see there’s a lot of gold in there and we just raised the price of gold.
So we’ve got to cover our deficit. They’re going to make up some kind of crap to do this again. That’s why they may go with a digital coin. They say that we’re going to get rid of this dirty dollar. We’re going digital and now we’re getting rid of our debt level. They’re going to make up any crap. I’ll tell you a quick story. When I was a young kid, 17 years old, and I’m the same age as Trump, my father may rest in peace. He said, you know, I was dating your mother 1933, and I go over to your grandfather’s house, he’s packing up all this gold.
I said, what are you doing? He said, your grandfather said, the president wants out, return the gold to the country. And I’m a good American citizen and I’m going to do that. My father’s, what are you out of your mind? Don’t do that. He said. Your grandfather started cursing at me in Italian. Packed up all the gold and turned it. In 1933, Franklin Roosevelt forced the people to turn in their gold. They gave him, I think it was $20.67 an ounce. The next year they passed the Gold Reserve Act. They increased the price of gold 70% at $35 an ounce.
They screw the people out of their gold and then raise the price. I’m mentioning this because Trump could do the same thing with gold. He’s going to say, yeah, they’re saying that we’re going to go into Fort Knox to find they know what’s in there. That’s a game show. So they may do something like that. Increase the price of gold 70% and say our debt level is covered because we’re rich in gold. I don’t know. But that’s the kind of any game to play. Again, I would have thought the markets would have crashed in 2012. Again, facts are there.
I called the dot com bust, took out the domain name the panic of a weight in 2007. I was wrong. You know why? They didn’t teach me about zero interest rate policy or a thing called quantitative easing in Economics 101 or graduate school. They’ll make up any crap they want. And when you’re looking at the real debt level in the United States, it’s more like 220 trillion, not 37 trillion. When you put in Social Security and all the other money being owed out, there’s no way in the world they could pay this off. Again. It’s the beginning of the death of the dollar.
And again, that’s why gold prices are going to keep going up. Yeah, and there’s also news that China is starting to create a system where they amass more gold and they store it around the world to back up the yuan. It’s not going to be a direct one to one gold backed currency, but it appears as though that’s what’s really moving the gold price up. Would you agree with that assessment? Absolutely. And again, the Chinese are buying up gold more than anybody in the world because again, they know how bad their economy is. Here’s what happened again, I mentioned with before Bill Clinton brought China into the World Trade Organization.
Go back from 1970 to 2001. GDPs like that. They come in boom, it skyrockets as the western nations, so many of the manufacturers from Europe and American Canada went over there to get cheap labor to make stuff. Their economy boomed with every boom. There’s a bust and they way over built. In the real estate market. Some 30% of China’s GDP is real estate related. They estimate, depending on the numbers you look at up to almost 90 million vacant apartments. 90 million, you see 60 million, 90 million, whatever. A lot of million. Then they locked down the country for three years.
Zero COVID policy. And they really locked it down because Chinese are that really commie country. You can’t leave your house. They had cameras. You could not do what they didn’t want you to do. They destroyed the economy. The global economy is not recouped from the, from the COVID war up where I am over here in the Hudson Valley, nine o’ clock at night, it’s dead. Dead. The restaurants used to stop serving at 10, now they stop serving at 9. Streets are empty. Go into New York City. Homeless everywhere, shooting up at whole different place. And I’m a city guy, you know, for the prompts, you know, I know the city ain’t the same place and it’s all over.
Would you say it’s worse than the 70s and 80s or is it? I tell you, the 70s and 80s, it was. You didn’t have to. You weren’t afraid to go out. Yeah, I mean, they robbed, you know, you couldn’t leave your radio in your car. They’d steal the radios out of the car. It was wild. But there wasn’t the violence going on. It was a whole different scene. And we’re still partying to 3 or 4 o’ clock, 5 o’ clock in the morning. Now every time I get in a cab, I asked the cab drivers, when’s it slowing down? 1230 at night.
And all the cats are now just younger people going out at night. It’s a whole different vibe. Matter of fact, there was an article in the Telegraph today about Kansas City, how people can’t go out at night. Everybody’s afraid. Covid changed everything. Which also brings us to another trend that no one’s talking about. And that’s the office building bust. You have a 20% vacancy rate. Vacancy rate, nobody in 20% of the buildings in the major 10 of the top cities in America, you have between 2 to 3 trillion dollars worth of commercial real estate debt coming up this year and next year.
Now, five years later, the leases are up from people that used to rent in the offices. They’re not taking them anymore. There’s going to be an office building bus that’s going to bring down a lot of the banks. Go back to 20, 23, three banks went down Signature Valley, Signature, Silicon Valley, Signature bank and First Republic. Three banks. Markets crashed, gold prices spiked. Three banks. Go back the facts. Last year a building on 50th Street, Midtown Manhattan that sold for over $300 million in 2006 went up for auction in 2024. You could look it up, he sold it for $8.5 million.
Sports Illustrated, used to be, they’re all the big companies not there. These buildings, buildings built in the last 50 years are non convertible to housing. When do you think that is going to have an impact? Like when, when does the, the payment come due, so to speak? I think it’s going to, you’re going to start seeing it by the end of this year around four. And again barely anything reported on these buildings that are being sold for nothing. For nothing. The facts are there. I’m not making it up. You could see it, it’s one after another.
Do you think that if this tariff war with China continues that there’s a possibility of re industrialization and those commercial properties being filled with American businesses? No, not those kind of buildings. Again, they’re empty like the one that they vacated. No windows on one side, no windows on the other side, no windows in the back. I’m telling you, ugly crap buildings they built in the last 50 years are non convertible. They’re not going to be any good for anything. But yes, by the way, I support tariffs to an extent. Once upon a time there was manufacturing in America and again that little slime ball Bill Clinton, nafta.
Yeah, get out. Get the jobs out of here. You get cheap Mexican labor down here. Get the hell out of here. Again, the jobs, yeah, you go to, you go to Marshalls, you go to Home Depot, you go to, you go to Lowe’s, you go to any of them for help wanted. Help wanted. Help wanted. Yeah, we want slave labor. This is better than a plantation system. We don’t have to house your feed. You’ll give you enough money. Get the hell out of here and come back tomorrow. Here, look at the jobs being created. We write about this in the magazine.
Oh, 177,000 jobs are created. We are on the health care sector paying low paying jobs. Service sector paying low paying jobs. Only 11% of America’s GDP is manufacturing based. What is your trend forecast then with respect to whether or not China and the US are going to strike a deal? Do you think these tariffs are going to continue or do you think that were in, you know, potentially on the cusp of a new deal with which I don’t believe Personally, but maybe you have some thoughts on that. It’s a guessing game and it changes all the time.
Hey, listen, before I get into, when I get into office, I’m going to put a 25% tariff on Canada and Mexico. I get into office, see, I’m Trump. I changed my mind. All right, I’m going to do it. I’m going to do it. February 1st. Hey, February 1st, he put him on what? February 4th, he took him off. I’m not making this up. He keeps changing the game. You don’t know what’s going to happen. And it’s that uncertainty, which is really what is. Regardless, even if he does make some positive moves now, I think the uncertainty and the lack of, of confidence in any of those decisions that they’re going to be enduring is likely going to be enough to see the market top again.
I, we believe the markets, you, they may go up a little bit more, but we see downside. It’s not, it’s a, it’s a negative, it’s a negative socioeconomic and geopolitical future. And again, the one we’re very concerned about, Israel, Iran, because oil prices will spike and that’ll crash the equity markets in the global economy. It does appear that that’s where it’s heading. I would encourage people to go and check out the Trends Journal. It is very eclectic and heterodox, as you say. You source a variety of different media outlets with conflicting viewpoints. And I think that’s what we have to do, right, if we want to find the truth.
And that’s why I’ve always appreciated you, Gerald, because, you know, there’s many people, it seems they just succumb to partisan politics. Even the people who are in, or at least were masquerading as truth tellers, they’ve become grifters. And I can’t say the same, you know, to our own detriment, people like ourselves were, were bucking the trends in the alternative media space. And that doesn’t always, you know, people always don’t appreciate us when we’re saying what they don’t want to hear. But typically we’re vindicated over time. So I want to thank you for coming on today and encourage people to go and check out the Trends Journal.
Well, thank you. And again, you have a link for them, is that correct? Yeah, absolutely. Yeah. So if they put that link in that you have with your name, you get 10% off and it comes to the grand total of $2 and 50 cents a week. It’s nothing. And it’s from geopolitics to economics to high tech science to AI to technocracy. You read what you want. It’s a magazine and you can listen to it, it’s in different languages, you can read it as a book or you can print out the PDF. So we’re doing everything we can to help the people prepare, prevail and prosper in these times ahead.
I’ve been at this for 45 years. I never seen a time like this. Never. Yeah, and I like your, your artwork and the, the sense of humor reminds me of MAD magazine only kind of like, you know, an alternative media take on, on MAD magazine using that sort of style. So it’s, you know, it’s entertaining to say the least. Well, thank you. Thanks for coming out, Gerald. And thank you for all that you do. I really appreciate it. Amen. We’re just trying to get people prepared because like you, unfortunately, I’m a realist and at this point in time, I’m a lot more cynical than most.
And I think that knowing what we know, we have to be prepared, right? Not only with our gold and our other, you know, more stable assets, but, you know, just food, water, shelter, guns, gear, and a getaway plan, as you always say. You know, as I also say, everybody, get in the best shape you can physically, emotionally and spiritually, and do something positive every day if you can, and particularly to help those who need it the most. And you know, I launched Occupy Peace over a decade ago. I have major peace rallies. So I put my money where my heart is and again, get in the best shape you can physically, emotionally and spiritually.
Because the future is in your hands. So don’t drop it. Absolutely. Thank you very much, sir. Thank you. The best way to support this channel is to support yourself by gearing up@canadianpreparedness.com where you’ll find high quality survival gear at the best prices. No junk and no gimmicks. Use discount code. Prepping gear for 10% off. Don’t forget the strong survive, but the prepared thrive. Stay safe.
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