The David Knight Show - From Money to Mayhem: Gerald Celente on 2025 Trends

Episode Date: February 7, 2025

Truth is buried under layers of manipulation, economic forecasts are dire, and political motivations are selfish. Celente’s warnings serve as a call to arms for those willing to look beyond the mainstream narrative for a clearer understanding of global trendsMedia MeltdownPolitical Puppets & Billionaire BaronsEconomic ApocalypseWar Games & Geopolitical GambitsWill there be peace in Ukraine? Who do we go to war with next?Digital Dystopia and Censorship ChaosCelebrity Scumbags & Power PlaysFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Happiness. We all know what it feels like, but sometimes it doesn't come easy. I'm Garvey Bailey, the host of Happy Enough, a new podcast from The Globe and Mail about our pursuit of happiness. We know people want to live more fulfilling and positive lives, but how do we actually do that? Is there a happiness code to crack? From our relationship with technology to whether money can really buy you happiness, we'll hear from both real people and experts to demystify this thing we're all searching for and hopefully find ways to be happy enough. You can find Happy Enough wherever you listen to podcasts. Drive safe and obey the rules of the road.

Vehicle owners who receive a red light or speed camera violation can pay or dispute online at toronto.ca.aps. joining us now is gerald cilenti of trans journal always great to have gerald on we got a lot to talk about a lot is happening with money a lot is happening with war and peace and again you can get a subscription to trans journal if you use the code NIGHT, you can save 10% off. It is a wonderful publication. If you haven't seen it, very detailed. You can get some samples of it and get an idea of the scope of it if you go to transjournal.com. But he's got over 300 pages of it set up as an online magazine, and he doesn't have any fluff in there at all. It's really about the real stuff. Thank you for joining us, Gerald. Oh, thank you for having me. And thank you for all that you do. You know, really, though, before you consider subscribing to the Trends Journal, you might want to go to the toilet paper record.

Oh, they call themselves the paper record, the New York slime. Yeah, this is Sundays. You see this? Bill Gates is the entire back page? No, this is the front page. Oh, that's the front page. This is the front page. The front page of the business section.

Wow. Wow. Nothing. They're giving you nothing other than the crap that they spew out. Wow. One stupid big picture after another. Wow. One stupid hit. Big picture after another. There's no journalism anymore.

Yeah. Oh, yeah. Hey, look at this. Look, look, look. Look. More about Gates. Look at this. Wow.

Wow. This is, that's it. So far ahead of his time that he's circling back. Yeah, right. So here it is. Here it is. You pay $5 for the weekend for the Sunday edition. Wow. $5.

That's for the Sunday. The Treads Journal with Knight is $2.50 a week. Wow. And we give hundreds of pages. And again, it's a magazine you read what you want you can listen to it it's in different languages if you know whatever language you want to put it in but we're giving people what does not exist anymore journalism is dead yeah and the new york slime reported yesterday they increased their subscription base, I forget, a couple of hundred thousand, 11.4 million people subscribed to that thing.

Wow. Wow. Probably including USAID. You know, they're subscribing. They're bragging about how they give money to all these different thousands of journalists and thousands of uh and hundreds uh it's about total was about a thousand of these different quote-unquote news organizations being paid off operation mockingbird lives it continues to go on i'll tell you if i was subscribing to the new york times on their sunday thing five dollars for that one day and i got a full page ad of uh

bill gates's ugly mug i think i would cancel my subscription right then and there. I'm telling you, more and more people are going to it. Wow. And here's the, you know, so anyway, you know, we need, the more people that read the Trends Journal, the better the opportunity to change the future. Because we're giving facts. We're not prostitutes we're not

little media whores that get paid to put out by their corporate pimps and government whore masters oh what if fox just hired what uh trump's uh daughter-in-law or something uh oh yeah yeah i saw that yeah yeah uh yeah and then you got that little stephanoffice little clown arrogant boy over there oh he was with the cl gang. Oh, what's her name? Saki. Oh, she's with MSNBC. How stupid can people be to swallow the crap, spewing out of the mouth of these low-life pieces of scum

that all they do is sell us the crap that their corporate whoremasters and political pimps want them to do. Yeah. You know, Gates puts himself out there as a philanthropist, and yet he's pushing these different agendas with his money, while simultaneously he's getting money for his organizations from USAID. It's just a circular thing that we see happening, just like the graft and corruption in Ukraine

with Zelensky. But I saw your tweet about Laura Trump, Eric's wife, getting a job with Fox News. And I said, well, you know, maybe she's got a program about the pitfalls of plastic surgery and lip filler. You know what I mean? That's why they hired her. It's disgusting yeah by the way you know i totally support trump on his getting rid of the federal government as much as we they can i totally i'm totally on that page and not only on that page but every damn city every damn state you got all these low-life pieces of bureaucratic crap heads that can't get a job in the real world and suck off into the political

system and they become the most arrogant that's right yeah all these people who are you know writing the stuff about climate change and everything to push the fear. And the same thing is true of all of the scary pandemic stuff about, oh, we got bird flu coming. Now they're going to come after the cows. They got a new strain, they said. And it's all such transparently, it's just a transparent lie. All of this stuff is just made up. It's like, have you isolated any of this stuff?

And why are you so focused on meat and dairy and eggs oh well that's because the world economic forum and the c40 organization doesn't want us eating those things so it's just all uh it's all a theater a fear theater of fear it's been going off for centuries yeah well yeah but now they want to shut down all the farms and they're making pretty big moves towards i think they want to shut down the small farms so the big farmers will you know push out the bugs or push out the vaccines to the food or whatever it is that that their end game is all those things are part of their end game but uh i wish you would shut down the usda and you know when he shuts down usa id they went from like 14 000 to 300 my comment earlier today was why is he keeping 300 i don't

understand why they're keeping 300. They never get rid of anything. It's just like the base that they've got in Greenland, they used to have 10,000 there after World War II. Now they're down to 200. Why are they keeping 200? They absolutely don't even need them there, not with the current technology, not like it was after World War II. Again, I was the assistant to the secretary of the New York State Senate.

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And Malcolm Wilson came in. And those are guys, other guy who is the majority leader. Anyway, I was at the top. I saw it all. I quit. I quit after one year. My best friend at the time, Brian Donahue's wife, Mary Donahue became lieutenant governor under Pataki. All right?

So I was right at the top. To watch grown men grovel wasn't my trip. Yeah. That's why I quit. We'd be hanging out in the back of the chamber. A young guy, 26 years old. I got this little slob opening the door for this. Senator Frank Jones,

Sergeant at Arms. Senator Mike Smith. I said, what's this guy opening the door for? What's this crap? And they'd look at me. Then my buddies would leave me as we're talking. Again, what are you talking about in those days? Chicks, cars, sports, whatever, you know.

They'd follow the senator to his seat, pull it out, and help him sit down and come back. I say, man, what's the matter? Cat can't sit down by himself. He needs some help. Did you see Trump do that for Netanyahu? Yep. Pull the seat out. Yes, master.

I put in the sound effects for that when I put it out. Yeah. So I quit. But anyway, what I'm saying is the political system is, you know what they are? They're zookeepers and we're just the animals. Yeah. Right? Yeah.

That's right. I'm the zookeeper. You're talking about the COVID how about that little slime ball that little arrogant daddy's boy Andy Cuomo I'm renaming the Tappan Zee Bridge after my daddy

oh you forgot to put Mario M. Cuomo take it down redo it it cost us 30 million dollars to redo this whole now he's leading for mayor of New York City Cuomo, take it down, redo it. It costs us $30 million to redo this whole... Alright. Now he's leading for mayor of New York City. He's running in there.

Little daddy's boy. Oh, I forgot his little brother with his little Chrissy. Yeah. Oh, again, as George Carlin said, it's one big club and you ain't in it. Oh, yeah. Yeah. It's one damn arrogant gang of little nobodies.

And I'll say this really clear. When you call these guys out man to man, I can't use the proper language, but I have to say they wouldn't know whether to pee or poo. All right. But it's worse than that. You call these guys out, they back down like that. They back down like that. They're little

gutless little characters but hey i got the security guards around me i'll tell you what to do all you are is a plantation worker of slavelandia i'm in charge yeah well you may get some if he becomes a mayor you may get some schadenfreude when the commercial real estate crash happens and he's in the mayor of New York. How's he going to explain that, right? But yeah, I know what you're talking about. And it's not just in New York. It was in North Carolina. I talked to a guy who, when he was younger, I knew him in the Libertarian Party and he ran for governor.

But he said he'd been a page in North Carolina. And the Speaker of the House, he said he was this big, heavy guy, incredibly obese. And he would just sit in the area and hold court like Java the Hutt. And all these people would line up, and he said they would bow to him, essentially kiss the ring and everything. And that's what we're seeing now with Trump. I know. It's everywhere. It's from the state level all the way up to the top level and so the key thing is is that as you said they see us as the animals in the zoo it was um carl rove i think it was that said um we're history's actors and you're just observers

and we're going to do the stuff and you're going to watch us and we're going to move on and we're doing the next thing you'll still be talking about that last thing that we did well i think it's important that we understand where they're headed and i think it's important that we head that off and that we make preparations ourselves that's what you're doing with trends journal that's what i try to do with my broadcast is to show what these people's plans are so they can't hurt us like cattle and and put us the cages. And they're building the cages right now. They've got all kinds of cages that they're building for us in every aspect of our life, whether it's movement or food or career or even the clothes that you buy.

They want to limit us to three articles of clothing a year. This is the plan that these insane people have. And if people understand that, they'll push back. But if they don't know that that's the agenda, they'll just set their light and let that happen to them. Yeah, here's the deal. I've been at this 45 years. And by the way, you were talking about the farmers, the bigs taking over everything. This is my book, Trends 2000, which was an international bestseller.

We wrote about it back then, about how all the small farms were going out of business and how the bigs were taking over everything. I mean, look at the Tysons, the one after another. Oh, yeah. Look what they, look at this. Look at this crap. I think that's a big part of the bird flu stuff, too. You know, the big guys, they can lose a million birds and they can stay in business.

But the small guys, you take all of their birds, they can't stay in business. Yeah. No. Yeah. And the bigs have taken all of everything yeah this isn't and by the way you know as i condemn the genocide in israel of look at look what they've done bombing the hell out of this place ruin it destroying it to nothing oh you're an anti-semite for saying that and that's going to get even worse under the trump administration oh yeah zionist organization and moving on to it and seeing where it's where it's

all going the and and i said if i say anything about that i'm an anti-semite so i'm not anti-italian if i say there used to be a guy by the name of Mussolini, may he rot in hell, who called the merger of state and corporate powers fascism. That's a quote. And that's what we have right now. Look at all the billionaires that are running the show. Isn't that amazing? Yeah. That is crazy.

And anybody out there listening, you have no right to open your mouth to speak about anything unless you're a billionaire. If you're a billionaire, then we can listen to you. But otherwise, shut your damn mouth. I got to listen to the crap spewing out of Musk's mouth every damn day? Yeah. Oh, yeah. Yeah. Hey, I'm the richest man in the world.

Shut the hell up, you little guinea. You little wop from the Bronx. You're a nobody. I'm the richest man in the world. Shut the hell up, you little guinea. You little wop from the Bronx. You're a nobody. I'm Musk. So I've had it, man. I've had it with this crap. That's right. I am so disgusted with it.

And now we have a, this is going to be, the dictator is in charge. Look what this guy's done in 18, 19 days in office so far. Yes, I agree with shutting down the government. I totally agree with tariffs. I totally oppose how dare you say we're going to

take over that land in Gaza and we're going to make it a Riviera. How dare you say that? Oh, I forgot. Your son-in-law said that last February, February 15th. Remember? Jared Kushner? Yeah.

This very valuable waterfront property. And we should move the Palestinians out and put them in the Negev Desert? Yeah. We were talking about that a year ago. Yeah. In February last year. Yeah. Yep. Yeah.

And then he mentions it again with uh netanyahu when he meets with them in the summer so you know then we're supposed to believe as everybody reacted the way that they reacted to this maybe it didn't go off exactly the way they thought it was going to go off but they try to walk it back and pretend it's just some kind of a spontaneous thing that he comes up with they've been talking about it for a long time with all this stuff. To me, when I looked at the inauguration thing, and to see all of these billionaires all lined up, Jeff Bezos, Zuckerberg, you've got Sundar Pichai of Google and everything, Musk and all the rest of them all lined up. Have you ever seen anything like that before? I've never seen it. I mean, they've always bought these politicians, but it's never been in your face like that.

And, you know, these guys don't agree with Trump or care about any of these issues. You know, they're there just for the money that they're going to make out of this. And it's disgusting to see it really is. Yep. Look at them and look at them. Yeah. Look at this. Fudge your brood. at them and look at them yeah look at this facha brute look at this ugly ugly little clown look at suckerberg yeah look at peach eye look at bezos oh yeah yeah one clown after another

and they're telling us what to do and not a penny for peace not a penny for peace from these little lousy pieces of crap not one penny not one penny yeah oh i agree yeah some people i i made the joke about the uh i said well they gave him that that pager was that a threat or an honor you know they gave him that when yahoo gave him that golden pager was that a threat or an honor you know they gave him that when netanyahu gave him that golden pager somebody else said uh well it couldn't have gotten any worse now he's on call uh from netanyahu so just dial him up on the pager so instead of the red phone with russia we now got the golden pager from israel so that he's at the beck and call of netanyahu. A criminal.

A criminal. Yeah. A criminal. And what did he do when the last time when Netanyahu was here, the time before speaking to Congress, he spoke to them for like 60 minutes and got 50 something standing ovations. Yeah. Yeah.

Oh, yeah. He's a little. Oh, I know. How about looking up to little Mikey Johnson? Look at that little boy of nothing. Yeah. He's photobombing all these different meetings of everybody. You know, he's always got his face in the picture and flattering everybody in every way that he can think of.

It's a clown show. Yeah, it is. Mitch McConnell out of his mind, falling down, dead in your face. Yeah. Nancy Pelosi, little Chuckie Schumer. It's a freak show. The freaks are running the show. Yeah.

And it is, you know, you have to look at this just like Dianne Feinstein, Mitch McConnell and these people. They stay there forever. You know, that is their life. That's the only thing that has meaning in their life is that position that they've got there. And you have to kind of feel sorry for them that they've got nothing. You know, they've got nothing outside of this. Hillary Clinton used to always talk about the politics of meaning.

And I said, politics is just, it means everything to her. You know, politics and power and these people will hang on to that uh until they carry them out feet first out of the capitol hill you know they don't ever want to leave i mean it just shows how these people have been corrupted and um and essentially possessed by this love of money and love of power it's really something to see this is yeah it's disgusting. So going on to some other trends, look at gold prices. Yes, yes.

Where I went on the air, it was what, $2,879. And one of our top trends for 2024, that 2024 would be a golden year for gold gold prices went up last year 25 yeah yeah when we made that when we made that forecast gold was selling at 2041 dollars an ounce on January 2nd, 2024. And now it's up, what, $840 over that. Yeah, I was looking at it this morning, and I looked at it this morning,

first thing this morning was $2,863. It's a little bit higher now. But at that point, it was up seven and a half percent over the average of all of 2024 you know averaging it together uh and they're looking at a lot of different places are saying um analysts goldman and others are now saying 3000 you know they had said that it would hit 3000 in early 2025 but then they backed off when trump got elected everybody backed off of gold. And I was telling everybody, hey, this is just a momentary thing. Nothing fundamentally has changed

with the debt or any of the rest of this stuff. And the dollar and the economy and the government trajectory on spending this money is really not going to fundamentally change. I mean, they can fire a lot of people, but that isn't really where the big money is. They're not going to change anything about the welfare state or the warfare state, and that's where the bulk of the money is. And so it's not really going to change anything that much in terms of the deficit. It might get some of these regulators and bureaucrats off of our back to some degree, and that'd be a good thing. But the fundamentals were still the same. And so I said, this is just a temporary dip. It's going to come back. And now here we are. They had lowered their projections for gold, and now they're back up, talking about it getting to 3,000. But you know, an interesting thing happened

the last couple of weeks that we've been talking about. I talked about it with Tony Arderman at Wise Wolf Gold last week. And that is the london metal uh market that's there you know the the uh the actual physical gold uh they're starting to have uh problems with that because so much of it's being brought back to new york and now uh asia is repatriating a lot of this stuff what do you think is going on with that is that something that's going to continue is that a momentary thing you're looking at central banks they whether they're buying up year after year they're buying more and more and more and more gold they know the dangers ahead and again tracking trends is an understanding of where we are and how we got here to see where we're going so let's go back to five years ago, 2020, January, on Chinese Lunar New Year, the year of the rat, they launched the COVID war.

And I call it the COVID war because all these slimeball politicians from Trump to Boris Johnson to one after another, the clown in Connecticut, one after another. We're at war. They call it a war when the COVID broke out. So what did they do? They pumped in countless trillions of dollars around the world of fake money backed by nothing and printed on nothing to boost the economy. Brought interest rates down to zero, kept it negative, and brought them back lower. Right?

That created the inflation. Oh, by that little slime ball, Jerome Powell and Janet Yellen, the Treasury Secretary. Oh, it's only transitory. It's only temporary, the inflation. It's transinflation. We had transinflation.

Yeah. It identified as being deflationary. So what happened is they created this inflation cycle, but they artificially propped up the economy. And let's look at the danger it did. Hey, how about those home prices, huh? Oh, they've only gone up some 50%. That's right.

Oh, how about automobile prices? Oh, they only went up 39% since then. How about your insurance, huh? Oh, how about one product after another? Yeah. One after another? Yeah. One after another, prices go way up. Oh, but inflation's gone down a bit. No, it hasn't.

It hasn't gone down. That's right. The prices are still way high. Oh, yeah, but it didn't go up as fast as... The inflation is sucking the life out of people. You know, the numbers came out, by the way, with the job report today. And the jobs that are being created, the numbers are way lower than they anticipated. But you look at the jobs that are being created.

Again, we publish it all the time. Health and social services, retail, government. Jobs that pay nothing and do nothing with the government jobs. Yeah. So we're looking now at why gold prices are going up. The smart people in the world know the dangers ahead. And then there's a geopolitical crisis going up. Trump coming back and forth about what he's going to do with Iran.

Iran, by the way, is very sophisticated, scientifically and militarily. There are 91 million Iranians versus what? 7 million Jewish people in Israel? You don't have to be good at math to figure this out. Oh, and that's the other stupid thing coming from Trump, we're going to build an iron dome? Yeah. How about what happened when Iran attacked Israel israel killed several of their commanders in a

embassy in damascus what did they do they sent in loads of drones first all their iron dome shot at the drones and then they ran out of ammunition and boom they sent in the missiles yeah yeah so going back to gold then is the ukraine war oh by the way i got banned on tiktok permanently we put up a clip of me saying that this two weeks ago that um ukraine is going to do everything they can to stay that keep this war going like bombing a russian nuclear power plant last week they shot down drones attacking a russian nuclear power plant why do you think that tikt TikTok would ban you for saying that? I'm telling you exactly what happened.

I had forecast what was going to happen, and it happened. They banned me just about four days before it happened. I mean, I understand they banned me and stuff because of what I was pushing back against the government's official story, the same thing that you were doing, you know, back then. As a matter of fact, I had a clip, I didn't get to it today, of a guy who was in China when all this stuff began. And he said, I was going around, the hospitals were empty, there wasn't anything happening. They were telling everybody a completely different lie of what was happening.

Of course, we had citizen journalists who were doing the same thing in New York and other places here in the U.S. But anyway, he got out of the country and he said, everybody was scared to death everywhere that I went. And it's like, hey, I was there in Wuhan where this was supposedly happening and it wasn't happening there. But I can understand the government

shutting it down when we push back against their narrative. But it's kind of odd. I wonder why they would shut that down when you're talking about what's going on with ukraine and about these things unless um you know there's some kind of an influence already on tiktok from our government that doesn't want to have that information out there i don't know yeah going back to china by the way i used to be on Hong Kong TV. I'm talking like 20 minutes, the top Hong Kong station.

Back in 2019, we were 7.5 million people in Hong Kong. Over a million were taken to the streets. Yeah, yeah. Protesting China's taking over Hong Kong and doing away with their freedom and we take a break and I say to the guy Frank so what's going on Mr. Salenti we're not going to stop the Chinese could not stop

the people in Hong Kong from protesting then in January 2020 remember this is 2019 January comes 2020 Chinese Lunar New Year, the year of the rat, they launched the COVID war and locked down everything, just like that guy was saying.

Yeah. They locked down everything. Yeah, that's right. And you're not allowed to protest anymore. Yeah. And that was the end of the Hong Kong protests. China took over. Speaking of Hong Kong.

Those people in jail called a state emergency, and changed all the laws. Yeah, yeah. And one of our top trends for 2020, which we did in December, was New World Disorder. There were protests going on all over the world the yellow vests in france in in algeria in in south africa all over the world people were taking to the streets because the lack of basic living standards government corruption crime and violence yeah they launched the covid war india but can't go out in the street anymore get back in your house yep yep yeah speaking of hong kong um what do you think is going on with panama

you know because the hong kong company owns the both ends of that you know is operating both ends of that and everything there's a lot of pushback now uh the government in Panama trying to appease Trump and his threats. They did an audit of this company. And now after Rubio goes down there, they said, well, maybe, you know, we'll transfer the ownership of it or something. A lot of tick tock or something. What do you think is going on with all that? What's the motivation of that? What do you think will happen with that?

I don't know what will happen. But what remember Trump ran as a peace president? yeah how about a piece of crap yeah i want greenland i want panama i know i know what is that oh what did google now change the name they call it now the gulf of america yeah i know yeah yeah that little peach eye clown google now it's not the gulf of mexico anymore it's the gulf of america oh this is the trump by the way hey you elect me i'm gonna end that ukraine war in 24 hours yeah yeah oh no no now i'm elected hey i'm gonna end that war before i even get take office and now it's going to be 100 days. Yeah. Where's the outrage?

Oh, here's another one. I get elected and I'm going to put 25% tariffs on Mexico and Canada. He gets elected. Well, we're going to make it to February 1st. February 1st comes. He put those tariffs on. February 30th took them off.

Before you were talking about interest rates. How about when he was talking to the Davos gang on January 23rd? I'm going to make sure that the Federal Reserve lowers these interest rates. This is terrible what's going on. They're too high. Oh, then the fed goes out was it last week and they they kept interest rates at the same level and what did trump say they did the perfect thing keeping them where they are and wait a minute you just said you

were going to lower them oh i'm full of crap so enty I say anything that I want to say. How dare you not swallow my crap? I'm the president. Hey! I got to tell you, man, I couldn't stand Trump, and I'm going to go way back. When I used to be on all the media back in the day, when he built

Trump Towers along the West Side Drive in New York, these ugly, ugly, ugly, ugly, ugly things that killed all the view going into the Hudson River. There were beautiful Art Deco buildings all over looking out at the river. He put this long line of ugly crap up there oh what's he going to do is he going to build the trump towers at the in gaza

valuable waterfront property yeah yeah oh yeah yeah it's crazy well you know we just had um soros's protege scott bes, who's now the Treasury Secretary. He did a couple of interviews this week. And what he is saying is, well, we want to get the long-term interest rates lower. Of course, they don't really have any control over that. That's the market that's setting that. And that's the reason why when the Federal Reserve lowers the short-term interest rates, they can do that by fiat.

They can do that by dictate. But the market is looking at the long-term interest rates. They can do that by fiat. They can do that by dictate. But the market is looking at the long-term rates and kind of calculating what inflation is going to be. So even though they've been dropping the interest rates, mortgage rates haven't followed. And so what he's saying is, well, we want to lower those long-term interest rates. He doesn't really have any power to do that. What do you think about this guy, Scott Besson, who worked with Soros? And what do you think they're going to do with the interest rates or the manipulations that they might do to the economy? What is it going to do?

They're going to do everything they can to pump up the economy. Oh, by the way, we're calling for a dot-com bust. It's totally out of the news now. Go back to last week. What nvidia lost what 17 percent of their value in one day when deep c came out we have in this week's trends journal an entire entire section on AI. Oh, they're banning it, by the way. America's allies are banning DeepSeek. What DeepSeek did is they created the whole line was

that they were going to build all these power plants because you needed them to build these NVIDIA chips. Right, Stargate. Because they're so big. Stargate, the Stargate thing, yeah. So now DeepSea came out with a chip that's much smaller. And rather than costing $100 million to develop an AI, they did it for $6 million.

So this is just the beginning of it. You're going to see more and more development coming out of China, India, one country after another. And it's going to be serious. We think there's going to be a dot-com bust. Well, the market just saw that it's kind of like somebody coming out and you just were told that they're making a brand new house, let's say, and it's going to cost $500,000.

And the Chinese guy down the street just bought that for $6. Yeah. You know, that's really what they're talking about. And even if the Chinese are exaggerating how cheap it was, that's such a gulf there. And of course, the response I thought was funny from OpenAI, they had two responses. The first one was to run to the government to get money because, you know, the government doesn't care about how much anything costs. And then their second thing was to complain about the fact that DeepSeek had ripped them off when their whole business model is ripping off everybody's content all over the Internet. Those two responses were pretty comical.

This is your Trends Journal when it used to be a quarterly fall 1999 dot-com this dot-com overload will short-circuit many high expectations for huge profits in internet commerce entertainment and a wide array of dot-com services. Following the holiday season, many of today's high-flying internet stocks, the hottest IPOs, and newly emerging IPO wannabes will have begun their deep descent from their overvalued heights. We warned that it would crash by the second quarter of 2000, which it did. It's the same thing now. Yes, we said when AI began, this thing's going to be big,

it's going to keep going, but we warned that there's going to be overinvestment in speculative companies that are trying to get onto this thing. And they've put hundreds of billions, if not trillions of dollars of investment in startups yeah yeah well it's just like it's like the dot-com thing we knew the internet was going to be real but they got ahead of themselves they got ahead of their expectations and then when something happens uh you know they they their bubble gets burst and uh and i think the same

thing's happening there with the the ai stuff do you have a time frame that you see this happening in? It's going to be sooner rather than later. We think it definitely happened this year. And again, it goes back to gold prices. That's another reason a lot of people understand this. And by the way, you talked before about interest rates. Let's go by the facts. Let's go back to 2018 december it was the worst dow

since the great depression 1931 at december 2018 what did trump do he forced jerome powell to lower interest rates and he lowered them in January 2019. The government is in charge of the Federal Reserve. As George Carlin said, it's one big club and you ain't in it. Look who our Treasury Secretary was, Ms. Facha Brut, Janet Yellen. What was her former job? Oh, she was a Fed head and now she's a Treasury Secretary under Biden. So the government is in control of it.

But like you said, though, even if interest rates come down, the mortgage rates are still going up. They're high because the yields are staying high because of the debt level and on and on and on. So it's going to be a rough game, but the Trump administration is going to do everything they can to pump up this economy. And, of course, you mentioned that, you were just talking about what happened in January 2019.

By the fall of 2019, you and I were talking about the, you know, the repo market and how they're pumping, you know, unbelievable amounts of money into that repo market. There's so many different levers that they can pull to distort things. That's what's truly amazing. And, of course, now what they're trying to do with the crypto stuff, I think, is that they're trying to set up, you know, just as we saw with the real estate crash. That was predicated off of these derivatives and these phony constructs that these con men had put together. Now they've got a whole slew of these things with crypto, all kinds of derivatives, and to securitize everything.

This is going to be like the real estate nonsense, but applied to everything with these crypto guys that are around Trump. And I think that's a real worrying thing for me. What do you think about that? I agree with you. I think they're going to come up, even though he says he's not. But again, he says one thing and does another thing by the facts. Again, interest rates, the tariffs, the Ukraine war. He says one thing, another thing happens.

He says he's not going to come out with a digital currency, but I believe they are. And I believe that you mentioned about the things that they did, that they made up. And before I go into what we were just talking about, I thought the markets would crash in 2012. They didn't teach me about zero interest rates and quantitative easing in Economics 101 or graduate school. They make up anything.

Yeah. Oh, yeah. So going back to get rid of the debt level, they're going to come out with a new CBDC, Central Bank Digital Coin. They're going to make up something. We're getting rid of that dirty cash. We're coming out with digital trash. I believe we're going to go digital. And again, you go to China.

It's all digitized. Yeah, yeah. People aren't using it. Put your palm out and boom. And I think they're going to do it by de facto. I mean, you know, that's what Musk has declared. He wants a WeChat. He wants X to be WeChat.

And he's doing a deal with Visa and all the rest of the stuff. They want to go to, you know, whether they call it a central bank digital currency or they just go to a digital currency. And that's what I think they're doing is a kind of public-private version of that. But Musk is right at the center of that. And I think that's a big part of why he bought Trump, so that he could get this stuff shepherded through. Because, you know, he's got to get the approval of these people to run this stuff through. Zuckerberg tried to do a global CBDC and did a white paper. Remember that, Libra?

And he said, this will be a de facto global ID. You guys will love this. All the government. They didn't care about that. But Musk needs to – he's kind of on the inside now, so he's got ways that he can move the regulatory agencies to make that happen. But I think it's going to come that way. I think it's going to come from a pseudo-private type of thing. And just like it was with all the censorship, you're going to have a lot of people say well hey that's a private industry they can do whatever they want but it's going to attack

our it's going to create a surveillance thing it's going to create controls over what we can buy and of course they're going to get rich off of it at the same time but for the government they get their controls yep yeah what it what it must give the numbers now is 300 million he gave to Trump. Wow. And again, Trump changed when you're worth, what, 400 billion. Yeah. And he went up like 200 billion off of that, too. Like I said, usually you buy a politician, you get $1,000 for every dollar that you spend, you know, if you're getting the right guys in there. Again, it's fascism, the merger of state and corporate powers.

The billionaire is in total control of this country. I agree. And censorship is going to become much and much. Look what Trump did already. If you come out against the Israel genocide, get out of this country. We're throwing you out. Yeah, yeah. Well, I talked earlier in the program about CBS and 60 Minutes and that his ego was hurt by what he thought was beneficial editing for La La Hair. So he sued him for $10 billion. And now he's weaponizing the FCC against CBS.

And it's nothing. It's absolutely nothing. If you look at the transcripts, all they did was they put the first part of her answer in one program and the second part of her answer in another program. And none of it was responsive and none of it was intelligent or, you know, there wasn't anything there. One of them, she was more disorganized than she was in the other part. But the key thing is that Trump is weaponizing the government. And he is coming, he's setting it. This is another silly thing like the bump stock. But the bump stock was a very important precedent when it came after the Second Amendment.

This is coming after the First Amendment, and it's a very important precedent too, I think. Oh, no. You know, I had lunch with his brother, Robert, back in 2017. He died, Robert, a couple of years ago. And I was with him for about three hours. He had a restaurant over here in Wassaic, which is on the other side of the river over here,

that he was supporting. Allegedly, it was one of Trump's ex-girlfriends who had the joint, but I don't know that. That's what I was told. But anyway, Robert told me that when the father died, I think it was 2002, he left

the family over almost a half a billion dollars worth of real estate. So Trump is a daddy's boy. He didn't make the money on his own. It was given to him. Yeah. And people forget about the dirty deals which robert by the way was an attorney was part of when they were building things out of the atlantic city and other places

when the contractors wanted their last paid they'd screw them out of it he was famous for doing that so anyway he i this is going to be a dictatorship as i see it oh yeah oh yeah that this amazing thing to me you know you had the conservative media complain about that when biden was doing it and yet you know biden did like 41 executive orders in the first 100 days trump is bragging about 200 and that's supposed to be a victory that we're being ruled by executive orders i think it's absolutely insane i know you know i've talked to people even people who support trump and they said yeah it is kind of worrying isn't it you know when when i get him on to talk about it but the media is just cheering this as if he's some kind of a strong man with all

this but but getting back to the gold stuff i'm really curious about all this repatriation stuff that is there because that's something we haven't seen before. And flying into that, I have talked to Tony Arterbund at Wise Wolf many times about the paper gold and paper silver and stuff that supposedly is backed up at the Shanghai Gold Exchange. What do you think is happening with all that stuff? Are we about to see that there's a lot of phony stuff that really isn't there that maybe there's no gold in fort knox or whatever what's going on with this yeah i don't know you know again we're not allowed to know what's going on in fort knox you're not allowed to go there they may have nothing there yeah i know we don't know but no they i'm telling you they're bringing

in all this gold because they know how bad it is. Yeah, yeah. And they physically want to have it as opposed to just, I mean, to me, it looks like not only are they moving to gold because they're worried about the economy, but they're also worried because they think a war is coming or something, and they're not going to be able to get a hold of that. And they're just going to be holding a piece of paper that says, hey, I've got some gold on deposit in London. And they're saying, no, I want it here. Bring it home. You know. Repatriate it. And now so much of this stuff is happening that I think maybe they're starting to see some cracks in this that, wait a minute, we don't have the gold that we told you we had. So it's a couple of different

aspects to it, I think. Absolutely. You know, another thing, too, by the way, is we talked about a number of times that nobody's talking about is the office building bust yes yes so now remember the covid war what happened five years ago right so now the leases are coming due you caught not my numbers moody's your office vacancy rate being nobody in them at the 10 largest cities is 20 percent how are the how are the building owners going to pay off their loans when you have less tenants they're not that's right there's going to be defaults

that are going to bring down a big section of the banking industry. And now it's just starting to happen. Between this year and next year, again, depending on whose numbers you look at, between $2 to $4 trillion worth of commercial real estate loans are coming due. No one's talking about this. No one. Again, this is the business section. All right? Major picture of a real mean that's ridiculous suitable for framing uh you know you can cut that out and you can put it in a frame look at this i know yeah look, it gets worse. This is Sunday's paper.

Let's go to the next page. Yeah, look. His family album. There you go. It's a joke. So I'm telling you, people are not talking about this. There's no media left. It's gone.

Journalism is dead. That's why you got to go tonight. Because what you're doing or what you're doing or we're doing is we're giving people information that they're not getting anywhere else i agree yeah you've been talking about this uh commercial real estate thing since everything got locked down in 2020 because you have your regular basis let me ask you this um you know as we're talking about the commercial real estate thing one of the key things things that Musk is doing and Trump is doing is like, OK, if you don't come back to work, you're fired. All right. Well, that could be just to get people out.

But I wonder if because so many people are following everything that Trump is doing. Right. If Trump says, well, we're not going to do DEI anymore. Although all these corporate executives like me neither. I'm not going to do that either. So is part of this stuff. Don't come back to work and you're fired, is part of that really kind of setting a pattern to try to get everybody else to bring everybody in that's working from home to try to help against this commercial real estate thing?

Is that kind of a tacit admission? Absolutely. That they know that this is a problem and they're just trying to set a pattern that other people hopefully they think will follow without them actually saying out loud what the real threat is you think that's it you nailed it yeah because what do i mean again you know i was the uh i was a chief government affairs specialist for the chemical industry back in the 70s and i was killing environmental legislation at the height of the environmental movement

all i wanted to do was make and again i wouldn't know what i know if i wasn't on the other side I was killing environmental legislation at the height of the environmental movement. All I wanted to do was make, and again, I wouldn't know what I know if I wasn't on the other side. Yeah, yeah. So then I started to grow up and then I changed. But anyway, at 28 years old, I was staying at the Willard Hotel and putting my meetings on at the Hay Adams, which is right across from the White House, the top lobbyist place. Anyway, so I spent a lot of time in D.C. I was living between D.C. and Chicago back in the White House, the top lobbyist place. Anyway, so I spent a lot of time in D.C. I was living between D.C. and Chicago back in the day. I did a talk for the Rage Against the War Machine,

and I think it was 2023. I hadn't been back to D.C. since the 1980s. It was a total different D.C., homeless all over the place, empty buildings. What Trump is doing is they want to, he's saying, get back to work. Yeah, great. You're going to bring business back to DC to some level. DC is a slum hole compared to what it used to be. And again, I spent a lot of time there. I was shocked when I was there the last time. Shocked. So, yeah, he's doing it. Yeah, they're going to bring people back to work for the federal government.

But all these other tenants are saying, I got 10 floors over here and people are sitting in cubicles. I don't see them. I don't need them here. Stay home. Come in a couple of days a week. People are going back Tuesday, Wednesday, and Thursday. Friday used to be happy hour, no more.

Dead. Dead. They don't need the space. This isn't going to change anything. It's not going to change a damn thing. Yeah, because at the same time, they may be uh telling people you need to come into work but they're also looking at how they can replace government

workers even with uh ai and uh and that's rolling out everywhere so yeah for the long term i mean they might be able to do something short term by setting up a pattern you know they're using it mainly as an excuse to fire people i think but other people might do that a little bit but ultimately uh that's that's not really going to go anywhere because the pattern is to replace people. That's what they're looking for. Exactly. Exactly. And also, very important.

As I keep saying, when all else fails, they take you to war. Yeah. Yeah. We're going to have a failure in the equity markets. We're calling for a dot-com bust 2.0. They're not going to be able to fix it. Let's go back to, again, when we called the dot-com bust back in 1999. We said a bust by the second quarter of 2000.

What happened to the NASDAQ? It was down 80%. And then all of a sudden, the war on terror. Yeah, yeah. Everybody forgot about it. Everybody forgot about it. We're going to get that guy Osama bin Laden dead or alive. 90% of the people swallowed the crap,

spewing out of that little daddy's boy's mouth, little Georgie Bush. Oh, and then they created the fake housing market boom we've got all about the dot-com bust oh you don't have any money don't have a job you're deep in debt here sign over here subprime mortgage hey derivatives come over here everybody forgot about it when they launched the war on terror. And Trump will do the same thing, and the war he'll launch will be against Iran.

Okay. Look what he did. He killed Soleimani. Oh, he's put more sanctions on Iran again, by the way. You know that, right? That's right. That's right. Yeah.

When all else fails, they take you to war yeah i agree and they everything is lined up to go against iran we got to take them out for the benefit of israel do you think that this uh russia thing will go through i mean they leaked this peace plan uh because already there's a lot of criticism like we've talked about it hey trump said he's going to do this they leaked this peace plan oh, by April 20th, it's all going to be solved. Do you think that that's going to happen? No. Because here's the deal.

Russia took over 20% of Ukraine that they didn't have before. They're not going to give it back. Yeah. Yeah. And the story. Yeah. They're not going to give it back. And again, people forget.

The plan that was leaked said he gets to keep it. But while Trump is saying, hey, we'll give you more weapons, you just get every, within the same day, you get contradictory information from Trump. He says, well, I'll give you some more weapons if you give us a rare earth. But then, of course, he doesn't have the rare earth areas in Ukraine are under control of Putin now. So, I it's none of it makes any sense when you look at it no yeah again they're not going to give it back and yeah like you said they're going to say keep it there's not going to be a peace deal again i believe ukraine is going to do everything they can to ramp this up like bombing a nuclear power plant

and it'll get the people to support the war yeah Yeah. Oh, yeah. I agree. Look what they did. Look what Russia did, you know. They'll blame it on Russia. It'll be a false flag attack. I agree. Again, I read many times from history today. July 26, 1941, President Franklin Roosevelt seizes all Japanese assets in America. Mm-hmm. Mm-hmm.

Because those dirty Japanese invaded french indo-china yeah what what are the french doing in laos cambodia and and vietnam oh they're stealing their tin their rubber etc same thing we're doing in syria right with the oil they lied about the troops over there well we're just about out of time um again folks you can find um trends uh the trends journal at trendsjournal.com you can find the Trends Journal at TrendsJournal.com. You can see a sample of it there. If you want to save some money, you can get 10% off with the code NIGHT. An excellent publication. And again, Gerald has been ahead of the curve on all of this stuff, and we're coming up into some very difficult times. Things are going to change very, very

rapidly, I think. It's a good time to be informed about where things are headed and again trendsjournal.com and use the code night thank you so much gerald i really appreciate you coming on