The David Knight Show - INTERVIEW Celente: AI, Gold, War or OccupyPeace

Episode Date: May 19, 2023

Gerald Celente, TrendsJournal.com,is AI a flash in the pan or a lasting trend? Why gold is down slightly, why and when it will go upOccupyPeace coming in a week — push for peace, prepare for survival OccupyPeace.comFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here:SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation through Mail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: 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.

Come on, come on, yes, yes, come on. At this year's Cheltenham, glory rests in the lap of the gods. Oh, curses. Alas, our hero hasn't placed. But there are still divine offerings up for grabs, with all NoviBet customers getting a €10 free bet for every day of Cheltenham. And on top of that, we're paying up to seven places each way on selected races throughout the festival. I declare this a most generous offering. NoviBet. More power to you. Welcome back and joining us now is Gerald Sente.

Always a pleasure to have him. He's on Trends Journal at TrendsJournal.com. Always ahead of the curve. And of course, he's right there on top of it right now with artificial intelligence as that is the big topic at Bilderberg. It's been a big topic in the Senate last week. And I think it is joined hand in glove with this world coin thing. But I want to get Gerald's take on this.

Thank you for joining us, Gerald. Well, thank you. And thank you for all that you do. You know, I was listening to you about the Bilderbergs. I almost wasn't going to be able to make it today because I got to go over there. I'm going to you about the Bilderbergs. I almost wasn't going to be able to make it today because I got to go over there. I'm going to do with the Bilderbergs. Yeah, it's just a friendly meeting. You know, I've told the story to my audience this week, but I just I don't know if you know this.

But when we went to the one in Copenhagen, we were real close. And, you know, it's just, you know, a four lane road between where the journalists were and where the hotel was. So we could see everything that was going on. Karen got a picture of Ed Balls, who was the shadow chancellor of the exchequer showing up and he didn't have his ID and he's fumbling through his suitcase and suitcase content spill out. And it's nothing but paperwork, Gerald, no clothes, no toothbrush, nothing. It's all paperwork. And so, you know,

that it's just a friendly meeting and it's all off the record and Chatham house rules and blah, blah, blah, no toothbrush, nothing. It's all paperwork. And so you know that it's just a friendly meeting, and it's all off the record and Chatham House rules and blah, blah, blah. But a lot of business is being discussed there for sure. Yeah, as George Carlin used to say, it's one big club and you ain't in it. That's right. And as you well know, I was the first person to call rfk jr for president and um back in december and one of the things he's really coming out against is the bigs taking over everything and he even talked about climate change and it's not climate change that they're working on it's

the bill gates it's all the billionaires doing what they want to do oh yeah and so he's really coming out against these uh uh maniacs that are in charge of our lives and they are they're they've taken control of the world and and all we as i say all we are plantation workers on the global plantation of slavelandia yeah and it's disgusting what's happened and there's there's hardly any fight. All this stuff about Tucker Carlson. I had an article here. They called it here.

By the way, you're talking about being on the slave plantation. I was talking earlier in the program about how in New York, they're starting already tracking the meat consumption of people and limiting it. Right now, it's through the public institutions they don't have a way to do it but once they get a you know some kind of digital currency that'll be their mechanism to do it but they're gonna you know they're in the process now of making new york city a 15 minute city of controlling whether or not you know what you eat and how much you eat and all the rest of this stuff as part of the c40s agenda yeah again it's

it it's it's we've lost our freedom yeah you know i want to mention this because the rest of this stuff as part of the C40s agenda. Yeah. Again, we've lost our freedom. Yeah. I want to mention this because the importance of people listening to your program and subscribing to the Trends Journal, because we don't do what anybody tells us to do. We just speak for ourselves and the facts we put out. I don't make up stuff. It's a magazine. I put the facts in there as they're being reported,

and then we give you our analysis and forecasts. But this is a headline in Wednesday's New York Times. Without Carlson at Fox, far right loses foothold in the mainstream. Huh. Again, whether you like Tucker Carlson, agree, disagree with him, not the issue. Far right loses a foothold in the mainstream, which means it's not only far right. It's anybody that doesn't agree with the mainstream. How dare you yeah we're talking

one guy one guy that's not repeating what 99.999999 percent of the prostitutes the media wars that get paid to put out by their corporate pimps and government whoremasters. Repeat. One person. That's right. And it's news. That's right. Yeah. Everybody's got to say the same thing, eat the same thing. We can't have, got to drive the same thing, right?

It's just like we saw with the pandemic. No, no, we can't have any other alternative forms of treatment. Ivermectin is horse medicine. You got to have the shot. We can't have any electric cars that are hydrogen or fuel cell. You got to have the one that charges off of the grid. And oh, by the way, we're going to shut the grid down. That's what they're doing. You know, you got to have, there's one thing that they're going to push on you and you've got to say the same thing that

everybody else says, or you get purged out. And that's the cover of our magazine. It's the chat GPT. We'll tell you what to think. Don't think for yourself. That's right. Yeah. I think that, you know, with all the stuff that we've seen over the last three years, this whole idea that we've got experts and we've got authorities, that's been driven into the ground with people like Fauci and the rest of them,

you know, Dr. Scarf and Redfield and all the rest of them. And so what are we going to do to have some kind of a believable authority? Oh, well, chat GPT. And they're going around shopping this stuff around as if this is, you know, they're inventing some superhuman intelligence and we're all going to bow down and serve the machine. That is the thing that's really dangerous because I know a lot of people are going to fall for that. Of course they are.

They've already done it. Yeah. You know, you look at, you look at, you know, I don't carry a cell phone. And the reason I don't is because the research on it that shows how deadly they are,

not my research, university, California, Berkeley, Berkeley, California, rather. If you're on it for 17 minutes a day for 10 years,

your chances of getting a brain tumor only increased by 60%. Yeah. But again, again again going back to everybody they this is how you walk down the street this is how your life is that's right this is how little kids little infants playing with the screen they're addicted to it already yeah it's already so the chat is just taking him to another level of obedience and and you know now the governments are trying to stop some of it and you know why why because only the governments are allowed to tell you what to think and how to think. And now they're fighting against chat. They don't want chat to, to, to take over their roles in telling us what to think.

Yeah. Yeah. It'll be pretty easy for them though. If they've got, you know, one of the things that we're saying to the Senator as well, you know, we, we want to make sure that we got licenses. Not everybody can get into this. It's just too important.

It's too powerful. Not everybody should be allowed to do this and so one of them says well you know the concerns that i've got is that we're going to have a concentration we're going to have like this little monopoly or oligarchy or duopoly or whatever and he goes well that's actually a good thing uh said sam altman because now they'll have fewer companies to oversee could you believe this yeah i know isn't that amazing and that's what everything's become, monopolies. Yeah, yeah. I mean, what's the big news in the markets?

Oh, Home Depot sales went down. Target sales went down. Oh, my God. You know, but how about the mom and pops? Who cares about them? Nobody cares because they've all been taken over. The bigs own everything. Again, as we've

talked many times when we were young guys there were hardware stores stationary stores drug stores grocery stores and now they're all chains drug chains stationary chains drug chains grocery chains the chains own everything and we're in chains. That's what I said. We're the plantation workers of Flavlandia. We're chained. Chained by Wall Street. And that's an interesting point as well. Brian Schilhavi made the point when he was talking about all of this mad rush of Wall Street to invest in artificial intelligence

and to funnel all this money into just one or two companies. And yet we've had these, um, you know, pump and dump, uh, stories about artificial intelligence going back to the eighties. This is actually the third wave. It'd be the fourth wave. If you count self-driving and, uh, cars and the failed promises of those things. But before people really saw how that was failing, they brought on chat GPT. And that may be one of the reasons why they rolled it out so quickly because they didn't

want people to start to get skeptical of this autonomous stuff. And, um, so, you know, they roll that out and, uh, I think it's probably going to go the same way as these other two waves. I think it's going to go the same way as the autonomous cars, but if that happens and it turns out that this is, you know, the, a lot of the gains are illusionary and it isn't going to be the big deal that they're telling everybody that's going to have big implications for the stock. I think it's going to keep going.

Oh, you think it will? I really do. You know, I have to, I played with it a bit. You know, I, you know, I'm a writer. I've been writing, you know, for a long time, selling books, a magazine. And I wrote it and I said, let me see what chat says about what i wrote and one of the things i wrote and we put the information could you improve what we just put here and make it more blah blah blah and i gotta tell you it what it did was holy i couldn't believe

it i could not believe it they gave us some really good, strong points. And what you're going to see, that's on one end. I mean, I know how to write, but young people aren't going to learn how to write. They're not going to learn how to think. They're going to go to chat for everything. Look at the dependence. I'm telling you, this thing, you know, does it do a perfect job? No. But it's going to take, for people that don't know how to do it, to do certain things, they're going to rely on this.

Again, particularly the younger kids. Yes. That's their lives. Their lives are high tech. That's right. We grew up when there was nothing. I remember, I'll never forget the guy's name. It was Mr. Sorrentino in the 10th grade. are high tech that's right you know we grew up when there was nothing you know i remember you know i'll never forget the guy's name was mr sorrentino in the 10th grade and i i there were

academic students and general students in new york and i was a general student i barely got out of high school like i left back in the fifth grade and he said you know most of your kids aren't going to learn much here he said you learn, you should learn how to do something. Whether you take a shop class, you used to have shop classes in those days, where you learn to make things and fix things. Or become a secretary and learn how to type. I took a typing class. And I became a writer.

But anyway. At this year's Cheltenham, glory rests in the lap of the gods. Oh! Curses! Alas, our hero hasn't placed. But there are still divine offerings up for grabs, with all NoviBet customers getting a €10 free bet for every day of Cheltenham.

And on top of that, we're paying up to seven places each way on selected races throughout the festival. I declare this a most generous offering. NoviBet. More power to you. T's and C's apply. 18 plus. Bet responsibly. Gamblingcare.ie. Now, you don't have to take a typing class. People go on these things like this. It's their lives.

Again, one time you had to learn how to type you don't have to do that it's so what i'm saying to you david is no this this artificial intelligence it's the cover of our magazine of one of the top trends the 2023., we own you. It's real. And it's only going to get worse because the people don't think for themselves already. That's right. And they want others to think for them. That's right. That's the key thing I think is going to drive it.

They don't care if it's accurate. And I've had people send me stuff and say, hey, this did a great job of computer coding for me. It did a great job of circuit design. I had a listener who's an engineer said, hey, we gave it this circuit design. It did a great job of that. The woman who was interviewed by Wired Magazine that I talked about just before you came on said that as she was looking at autonomous vehicles and things, she says, it's the same type of hype. She said that I've seen with chat GPT that I saw that people don't see the flaws. They don't talk about the flaws. And she said, when you start using this for writing code, she said, um, people who are going to debug that

stuff are going to have a long career because it's gotta be really precise. And it's going to be interesting to see how this breaks out. But as you're pointing out, people have a lower standard of what they're looking for as well. Yes. And when you look at what has happened with GPS, we use our phones for directions and that type of stuff. People have forgotten how to use a map. Even to the extent that 50 years ago, when I went with a high school group to Europe

and we were all on a bus and we had a tour driver and she, you know, would get disoriented wherever we would go somewhere. And she'd start to take us to there and we'd say, no, no, the bus or wherever is over this direction. And she'd say, oh, you know, Americans have such a great sense of direction. Well, that was because we were driving cars, you know, and we, you know, we were actively engaged with that. You can actually see what happens with a London taxi driver. There's certain parts of the brain that get developed. And when you don't use that, they atrophy and they die and they shrink.

And that's what's happening right now. We got shrinking minds. Yeah, I agree. Exactly. Yeah. And again, I had maps all over. I used to buy, you know, everywhere I go, I buy a map and take all the back roads and, you know, try to do different things. And I don't, again, I don't carry a phone. I wouldn't know how to use a GPS. If my life depended on it, I wouldn't know how to use a cell phone. I got an old flip phone that I take with me when I, you know, travel so I could, you know, tell the car to pick me up at the airport. But again, you know, so this chat, GPT and the others, they're putting countless billions of dollars into this. And in a lot of levels, it's going to work. There's a study that came out

and they're showing, I think it was Goldman Sachs or one of them, over 300 million jobs will be lost globally because of this. And then the robotic thing picking up as well, you know, you know, as they were, they were, they made a big point of, I think it was IBM laid off 7,500 people or something.

So we're going to maybe replace these jobs with artificial intelligence. But then the next week they, and other companies like Google that have big layoffs, they go to Washington. They're lobbying for more H-1B visas so they can get in cheap foreign technical help. So part of that, they've got their own agenda. You know, there's two things going on. There's something that's real there, but there's also something that is being used by these people for their own purposes uh to try to monopolize this to try to have an excuse for firing people and bringing in cheap labor all the rest of this type of thing oh that's why you know that's what happened with um it was bill clinton that gave us the h1b visas if i remember correctly

and it was lyndon johnson may he rot in hell who gave us the vietnam war and then what happened was again i'm a i'm of that age we were either going to college to beat the draft or getting drafted so you didn't have a lot of young workers and that's when they that's the guy that did away with our um uh immigration rules they were very tough before that. And he's the one that killed it. And that's one of the reasons why they're letting so many people in is to bring in more cheap labor.

Again, you don't have to believe me. You can listen to the words spewing out of the crap head mouth of Jerome Powell and Janet Yellen they're blaming inflation not on the zero interest rate policy or the trillions and trillions countless trillions of dollars well over seven trillion that the government's dumped into the uh economy to uh fight the coveted war no that didn't cause inflation. Stay home. Here's free money. No, I think it caused inflation. What caused inflation, according to these two clowns,

are higher wages. Yeah, I know. I know. What a joke that is. Isn't that amazing? Yeah. Higher wages. The only people getting higher wages are the CEOs, and they're getting a lot higher wages. Their wages went up 7%, almost 8% this last year, but they'd gone up 20 or 30% the year prior. I mean, it's just amazing how much they're making, but the workers aren't getting a raise, but that's what they say. The raise of the workers is about 4.2%. The official inflation number is 5.9%. When you look at the real inflation number, you go to John Williams shadow stats, you got it at what? It's about 14%. Wow.

So your wages are way below inflation. And that's the other important thing. When they report the retail sales, they're not putting any inflation into it. So they're saying that, you know, people spent, you know, 1.3% more in the last quarter. No, they didn't. They spent 1.3% more to buy less. Yeah, that's right. Because the prices went up.

That's right. But they don't say that. Yeah, right. Yeah, they don't adjust it for inflation. You know, when you look at what's happening with the border, it's a crisis. And even in New York on Long Island, where Karen is from, same county she was in, they've declared a state of emergency because there's so many people that are coming in. They said, we can't handle this. We don't have the police facilities. We don't have

the housing facilities. We don't have the medical facilities and, uh, and it's happening everywhere. They're trying to stop it there. But of course, most of the places are not in Illinois. Uh, Gerald, they're going to spend a billion dollars on Medicaid and they put it in the headlines here for undocumented seniors. No, they're, they're aliens. They're foreign citizens who have come here illegally, but they're going to give them Medicare. They're going to give them medicare they're going to give them medicaid they put this out uh about a year ago and they spent more the first month than they anticipated they were going to spend for the entire year and then

you got california they're extending unemployment benefits to uh illegal aliens who come across the border this is an entitlement program for everybody in the world it's amazing and again look at the freaks we have running the show yeah and by the way it's not only in america yeah it's they're flooding into europe that's right and and here's the deal when they When the Nobel Peace of Crap Prize winner, Barack Obama, and Hillary Clinton, Samantha Power, Susan Rice. I love this baloney. If only women were in charge, there'd be peace. What a load of crap that is. How about Condoleezza Rice?

The next mushroom cloud you see, we have to stop Saddam Hussein from launching it, right? Yeah. Anyway, going back to that, Gaddafi warned when they overthrew Libya, he warned the Europeans, anything happens to me, you are going to have a refugee crisis you will not be able to handle. Because he had made a deal with Italy and other countries that he will not be able to handle because he had made a deal with italy and other countries that he would not allow people to come in through libya and then into europe because that was the shortcut right in and he stopped it after they assassinated him who i go to last time I was in Italy. I couldn't believe I couldn't believe all the these. Once upon a time, Germany had German people.

French had French people. The Spanish had Spanish people. That's right. No more. No more. You got because of the because of the Bill Clinton the murderous, what they did to Syria, we want that guy Assad out of there. They have over 5 million refugees have left.

5 million. And now the Ukraine war. So what I'm saying to you, David, this is global. That's right. And it's going to get worse because let's look at the economic data now hear this you don't have to wait until it becomes quote official before they announce we're in a recession we're in and it's global the numbers came out today in Austria. I think the inflation number is like 9.5%. In the UK, it's over 10%.

Your unemployment rate of young people in China. At this year's Cheltenham, glory rests in the lap of the gods. Curses. Alas, our hero hasn't placed. But there are still divine offerings up for grabs, with all NoviBet customers getting a €10 free bet for every day of Cheltenham. And on top of that, we're paying up to seven places each way on selected races throughout the festival.

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Yeah. Wow. So the recession's already begun. Now, let's look at the economy. When they raised interest rates in early May, May 3rd, 25 basis points as the street had forecast, the word was they weren't going to raise interest rates again. They're going to pause when they meet next month. I think it's about June 13th. Now the street's changing their mind, and they say the federal reserve is going to raise interest rates

really wow they yeah if they raise interest rates that's why you're seeing gold prices going down gold prices are going down because the bet is they're going to raise interest rates so when interest rates go up the dollar gets stronger that's all it is if when the interest rates go down the dollar gets weaker gold gets stronger so now the bet on the street is they're going to raise interest rates another 25 basis points if they do that this recession is going to get a lot worse it's very important to understand this that when they start raising interest rates you don't feel the effect right away. It takes months and months and months and months. And now that time has come.

Yeah. Yeah. It's been a big avalanche that's been building and, um, and they just keep pouring more and more snow into the pack, uh, that's going to come, uh, crushing down on it. So, you know, if they, uh, if the word on the street is that they're going to continue to raise interest rates, it's creating something of a little bit of a buying opportunity for gold, I guess. The silver lining that we could look at it. You know, the gold and silver lining.

Yeah, gold is going to, prices are going to get weaker as interest rates go up. And the store. And another important thing. Again, you know, we don't, we look at things the way they are, not the way we want them to be. And following the midterm elections, we said that the standard imposed, the S&P 500, would go up. And the reason we said it is because of the facts. Over the last past 40 midterm elections,

40 midterm elections, the S&P 500 has gone up over 16%. Now we're halfway, a little more than halfway through. We're at November, right? December, January, February, March, April, May. Halfway through, it's up almost 8%.

The S&P. You've got to look at the facts. The data. They find a way to pump it up. The data doesn't make a difference. It's how the game is played. That's right. That's right. They'll find a way to pump it up.

Just like, you know, whatever they got to do, they got to empty out the strategic petroleum reserve. They'll do that. Whatever they need to do, they'll find some way to, to, to jack it up for the election

purposes you're absolutely right yeah now talking about the election what they're going to do and i will bet my life on it is they will start to radically lower interest rates in the run-up to the presidential reality show next year they do it all the time the person in power, they want to keep in power because they're running the show and they don't want to deal with anybody else. So again, the person playing our treasury secretary is faccia brutta, as we call her in Italian. That means a dumb, ugly face. Janet Yellen, what was the last job? Sitting at the head of the Federal Reserve. Yeah. And now she's our Treasury Secretary.

You call her fascist brute. Yeah, fascist brute. Fascia brute. Brute force. But anyway, so they're going to lower them. There's no question about it. When interest rates go down, gold prices spike. We could see gold easily hitting uh two thousand two hundred dollars

an ounce easily easily easily and you gotta also understand that the game is rigged and i'm not making that up they find jp morgan chase 900 million dollars for rigging the precious metals market in 2019 which is in ancient history. That's right. Yeah. And of course, the big thing you talk about rigged markets, you know, you look at the, uh, you look at the derivatives, you know, like, uh, GLD and, uh, and silver and that type of thing, you know, where they're selling those things, uh, and they're supposedly holding them on the Shanghai gold exchange and stuff like that. People find out that, uh, there's not really any gold behind those paper gold stocks and stuff.

You know, there's only a small fraction of it. It is a fractional system, like a fractional reserve system, when they sell that paper gold version of it, right? And think about it. They won't let us go into Fort Knox to see what's in there. That's right, yeah. They won't allow us. That's right.

The plantation workers of slave land here are not allowed to see it. Yeah. Yeah, you can't see the Shanghai gold exchange, Fort Knox. Uh, you can't, you can't audit the federal reserve. No, no, no, no, no, no. How dare you ask? Well, you know, one thing that you've been right about for a very long time. And every time I talk to you, every couple of weeks, there's big news about commercial real estate. San Francisco just had a major auction last week, the Union Bank building. It went for 75% less per square foot than comparable building sales prior to the pandemic. This is gradually rolling out. First, we see this from one corporation, then another corporation drops all the money that they're losing in commercial real estate.

You've been saying this forever, and it is trickling out bit by bit. We're starting to see where the true crisis has been now, 75% down in San Francisco. Here's the deal. In San Francisco, they have nearly, I'm not talking about people going back to work. That's only about, I think it's about 45% around there, 43% of the people returning to work. But that's the office occupancy rate is around 40, 45%. Globally, nationally, the 10 largest cities is 49.6 percent that's office

occupancy meaning people going back to the office the vacancy rate vacant buildings in san francisco in la around 30 percent vacant wow vacant now people keep repeating the line, well, they'll turn them into housing. No, you won't. The building's built in the last 50 years. You can't convert them. It's too expensive. Can't do it.

They're ugly, stupid things, just steel and glass. You don't have windows. You can't do it. It doesn't work. So, now, the commercial office building is going to bring down the banks as well. And there is about $5.6 trillion worth of commercial real estate loans.

Now you have less tenants. You got a mortgage to pay. Oh, they're floating rates, most of these mortgages. So now interest rates went up. They got to pay more on their mortgage as they have way less income coming in. Yeah, yeah. This is going to be like we've never seen before we warned this when

they began the covid war that's right people are staying now at home when they said you can't go to work stay home and people have gone they're saying themselves as they're staying home day after day week after week month after month they're waking up and saying, oh, I've been getting up at five o'clock in the morning to drive an hour and a half to work. I'm not going to do that anymore. I'm not doing it anymore. And so now I'm the employer. I say, okay, stay home two days a week. Because I have employees work for me. I'm lucky if I see one or two a day. I got other things on my mind.

I don't care if they're here. Just do your job. I don't care where you do it from. Now I could save rent on the office. I don't need all the space anymore. The big tenant. So there's subleasing and they're not renewing their lease. Again, there's over $5 trillion worth of loans coming in.

And interest rates have gone up. They have to pay more on their mortgages, on their loans. So they're going to say to the banks, yeah, you keep the building, man. I don't want it. Yeah. And again, the bigs that own these, they don't lose any money. The rich don't lose it. and again the bigs that own these they don't lose any money the rich don't lose it it's the people that invest in it so they don't care so what i'm saying to you is the banking crisis has just begun and it's not only in the united states it's global

people aren't going back to work like they used to oh and i forgot oh i was just down the city um on wednesday down in new york city midtown 50th for rent police police for rent for rent for rent for rent for rent for rent for rent for rent for rent for rent all over the place all over the place. All over the place. Stores. Because once upon a time, you had commuters coming in. Yeah. You don't have them anymore. It's all the businesses that were serving them lunch and all the rest of the stuff. They're going out of business. Let me ask you this.

While we're talking about the banking industry and knock-on effects of some of these things that are happening and potential failures. When we look at Silicon Valley Bank and the Cayman Islands, I think it was. and knock-on effects of some of these things that are happening and potential failures. When we look at Silicon Valley Bank and the Cayman Islands, I think it was, they had a branch, and there was a lot of money that was at that branch, mostly from Asian investors, most of them from China. And they were told, you know, we'll wait. We're not really sure what's going to happen. The Wall Street Journal said this last weekend that they got word that the FDIC is not going to cover any of that stuff.

They said the FDIC is there to cover only domestic stuff. And so if they've got their money in an American bank and that American bank goes belly up, then there's no FDIC coverage. And of course they went well beyond the FDIC coverage. They extended coverage, you know, for billions and tens of billions of dollars for some of these people. When it's only covered for $200,000, these people thought they were going to get it because it was a Silicon Valley

bank that said, nope, it was a foreign branch. So we're going to do it. Now here's the other part of it, Gerald. They said that you have J.P. Morgan and Citibank. Between the two of them, Citibank's got $600 billion in that kind of a situation of deposits that are in Citibank branches that are in foreign countries, like Cayman Islands or wherever. And J.P. Morgan has got over $400 billion there. So between the two of them, just those two banks, over a trillion dollars, like $1.1 trillion, that is not going to be FDIC-protected for these depositors.

And as they're looking at that, they're saying, well, is this going to create a massive run on even big banks like JP Morgan as people want to get their money out of that and put it into something else. I don't know. What do you think? I think to some extent, but the,

um, the money is really pouring out of the small and medium sized banks and going into the bigger banks, you know, so they don't like, you know, like when you, when you just said,

most people have no idea about that. If it's in a foreign country, you don't get any coverage i think it's 250 000 i'm not sure uh the fdic and like you said they bailed out the bigs that had money in there that again our money to give back to those who who uh would should have lost it And again, the whole game is rigged. That's right. And so, but I, you know, I don't, I don't think. Yeah, I think that's going to be a predominant effect. The fear that people had that the two big to fail banks are going to be

supported. So I got to get my money out of this regional bank. I think that's going to be a bigger factor. Just one. And maybe there'll be so much of that happening because JP Morgan was one of one of the big winners jp morgan and bank of america uh were the recipients of so much of the deposits that were shifting out of the small regional banks mid-sized banks that maybe that'll offset uh foreign investors who decide they want to pull their money out and put it in something else right and yeah and again we have to look at who made this happen you mentioned uh bank of america

and jp morgan chase once upon a time not too long ago banks were only interstate banks they weren't intro internal intrastate not interstate bank of america was only on california and then you had jimmy carter Carter and Reagan are the ones that started changing that and allowed them to go across the country. And they put all the small banks out of business, or most of them. So again, when this thing hits, I said that the commercial real estate business sector, it's in mostly small and medium-sized banks that have those loans. So they're the ones that are going to get hit the hardest. So the bigs are just going to get bigger.

Oh, yeah. And again, look at it. What do we have? An interest rate between 5% and 5.25%. You put your money in JPMorgan bank of America. What do you get? How much did they give you for depositing it there? Basically nothing. Basically nothing. Yeah. Yeah.

Well, basically nothing. Tiny fraction of 1% typically. Exactly. Yeah. And I remember going back and looking, you know, when they were saying, well,

you know, interest rates, when they got up at home, mortgage rates got up around 5%. They said, Oh, look, you know,

it's gotten back up to where it was like in the sixties. And I thought, I wonder what they paid people who put money in savings accounts in the sixties. And I went back and when it was like 5% at the banks, you know, to borrow a home loan, they would pay you 4%. So then, you know, but today, you know, 5% to when it was 5% to get a home mortgage, it was like a 0.01% that they would pay you. I mean,

it's less way. Yeah. Almost negative interest rates. Again, you know, it's, um, one of the covers of the trends journal.

I think I find it here. Yeah, here it is. Yeah. Yeah. They're chasing the money changers out of the temple but it's a modern bank that jesus is that's it nothing that's right nothing's changed yeah it's a crime syndicate yeah it's true right in front of our eyes so anyway we we are headed the recession has already begun people are feeling it

again i talk to you know a lot of people one guy i know that has a uh he supplies the top restaurants in new york from new york city north of where i am and into connecticut and jersey a huge firm and he the high-end restaurants he provides uh produce for i I asked him, I said, how's business going? He says, slowing down.

It's slowing. So if it's slowing down at the top, you know how bad it is below that. Oh yeah. Because what's the numbers? Some 74% of the people living paycheck to paycheck. Yeah, that's right.

Yeah. And yeah, the prices of things are coming down, but they're still very high. Yeah, that's right yeah and yeah the prices of things are coming down but they're still very high yeah that's right and what does it cost a house who's what what almost four hundred thousand dollars that was a mansion when i was a kid and look at 28 acres in rhinebeck uh the town of mylon right off right next to rhinebeck in 1984 three parcels 16 acre 10 acre and 8.5 acres and an old house on one of them i had to take redo the whole old house but it was a beautiful old house twenty eight thousand dollars wow twenty eight thousand dollars yeah when i was a kid when we moved from the bronx to yonkers my father may rest in peace with this big old house,

$13,000. That's right. Yeah. It is amazing. Now, now of course your car, of course you want $50,000. Yes.

Yep. Right. Average price of new cars right there. The funny thing about it is the used cars are not that much less. Used cars now are just what, you know, I remember talking to Eric Peters, EP Autos, we talk about cars a lot. And, you know, just a few years ago, we're saying, look at this. The average price of a new car is like $30,000.

Can you believe this? And now it's gone up to $50,000 and the used cars are $30,000. And then when you look at the interest rates that they charge being more for a used car, the used car payments are almost as bad as the new car payments. It's crazy what is happening. And this is what people stretching this out for, you know, eight years to pay it back, seven, eight years, that type of thing. People can't afford to get, they're pricing us out of housing, they're pricing us out

of cars, everything. That's the plan i think and let's talk a little bit about um i want to get your take on what is happening with fed now and fed coin and cbdc and things like that of course there's no question they're all going to do it they're going to go to digital coins it was one of the covers of our magazine back in march of 2020 from dirty cash to digital trash. That's right. And what they're going to do, it'll be something like the Russians hacked our banking system,

but don't worry about it. We got a new coin for you. They're going to come up with it. They want to know every penny you spent, what you spent it on, where you spent it. They have more control over you, but most of all, they could get their tax money. tax money that's all they're interested in that's right because politicians never work a day in their life so they got to get your money coming in and so they're all going to go digital and they're going to go digital I really believe when especially when the dollar crashes because the dollar is at its end the most of the world the majority of the world has had enough of America's

hegemony, being it political with their wars and what they do in countries and economics. They had enough of America. So we're going to see the dollar go down. When that happens, you're going to go digital. They're all going to go digital.

There's no question about it. And so when you look at what is happening, the same guy who held court with the Senate had them eating out of his hand, Sam Altman. He's only like 38 years old. Very much like Sam Bankman. Just a little bit different, right? He's the alternative to Sam Bankman. But he's put together a coalition.

He's a big venture capital guy. He's put together a coalition with some of the biggest venture capital firms out there. As a matter of fact, I think it's like Andreessen Horowitz has taken the lead in this venture capital thing for WorldCoin. They say they're going to go out with that in about six weeks. But a key part of that is having a biometric ID. And the justification for putting this thing out is that they want to have universal basic income because after they take everything away from us, uh, as you know, uh, they're going to put us all on a, you know, a uniform, a universal allowance to try to keep us from coming after them. Bloomberg said that when he was running for president, he said, Hey, we're going to, we had the agricultural

society. We replaced it with industrial revolution. Now the smart ones of us are looking how to get everybody out of their job. And the only thing we have to worry about is how we're going to keep them from coming after us with guillotines. That's what Bloomberg said when he's running for president. So it's always been about universal basic income. You see Elon Musk pushing this. You see Sam Altman pushing it because that's what Andrew Yang was running on four years ago, you know, when he started his campaign.

And so this push to have an ID and to have a universal basic income as well as a digital coin, that seems to be what they're pushing. And it seems like it's coming pretty quickly. Do you think this is going to happen? When do you think this whole thing is going to collapse? You know, you can't tell when the collapse is going to come because they keep rigging the markets. Yeah, that's true.

That's true. Yeah. Again, I never heard when Economics 101, they never taught me about zero and negative interest rate policy or a thing called quantitative easing. They're buying up corporate bonds, the repo markets, all of this stuff. So they're going to do anything they can a plunge

protection team i mean there's a rate what a plunge protection team what are you talking about oh we're going to rig the markets when they go down too low but don't worry about it the bigs when the prices go up they'll they'll sell at the top and then it'll go down again the little people lose so you can't forecast this stuff it's impossible but it's going to happen and it's all going to go digital there's no question about it again we began talking about the chat gpt it's all artificial artificial, artificial intelligence, artificial flavors, artificial coloring. It's all artificial. And look at the damage it's done.

Yeah, that's right. You know, oh, by the way, I want to remind everybody again, I think we sent you the poster. Yes. Of the rally coming up. Go ahead and pull that up, Travis. Yeah, we got that poster. Yeah. Is that next week that's going to be happening? Yeah may 27th and you've been here up in kingston yeah

and um it's peace and free which it's make america healthy again spiritually emotionally patriotically and we're coming at it from very many different directions because i keep telling people you're in the fight for your life and what you have to do is get in the best shape you can physically emotionally and spiritually and we need to fight for as i see it peace on earth goodwill to all yeah like i say they have a thing called the pledge of allegiance i pledge allegiance to the flag of the united states of america and to the republic for which it stands one nation under god stop what god you're talking about what god oh did you see the new study that came out from brown university this week god would have loved this eight trillion dollars of our money

was spent since 9 11 to fight wars yeah and america killed what between they're not sure the number 4.3 million or 4.5 million what god you're talking about uh mars the god of war i guess one nation under mars is uh yeah one nation under satan yeah Yeah. One nation under Satan. Yeah, that's right. Yeah. That's right. So I'm tired of this killing machine. And I'm doing...

And again, I want everybody listening. It's not about me that you're coming to the rally for or donating to Occupy Peace for. You're not helping me. This cost me... you've been here. Oh yeah, that's great. Cost me a lot of money to put on. Yes.

Takes a lot of energy from me. I'm not a kid. You know, and, and, and I'm doing it for the spirit of America. As I say, my blood is Italian. My heart's American. If I was born in Alta Villa Pino, that wouldn't be me.

I'm only me because I'm a Napolitano born in the Bronx, born to be free. So I do everything I can to fight for the freedom that was given to me and allowed to have by our founding fathers that these little, fre freaky nothing boys and girls

have stolen from us that's right so what you're doing you're not helping me you're helping yourself so if you don't want to do anything don't do anything but don't complain when all your freedom is stolen from you or we're being annihilated in a nuclear war because you shut your mouth and you didn't put your money where your heart, mind, and soul are. And again, I also want to thank all the people that have been donating. And because this costs a lot of money to put on. So go to OccupyPeace.com, OccupyPeace.com and do what you can or do nothing. It's up to you.

It's a great crowd. it was a great event and uh this year you've got dennis kasinich you've got john whitehead who i have um i i put forward his articles all the time he's a great writer for liberty and for the constitution great speaker i'm glad you're going to have John Whitehead there. And by the way, Dennis Kucinich is RFK Jr.'s campaign manager. Yeah. And he let off, he introduced RFK Jr.