The David Knight Show - INTERVIEW Celente on the Raid of Scott Ritter's Home

Episode Date: August 9, 2024

Gerald Celente, TrendsJournal.comGerald comments on the government raid against Scott Ritter, a critic of Ukraine warThe winning issue and the presidential winnerGold, markets, interest ratesLockdown hangover is still major factor and dragging us to drag-flationFor 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 throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money 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. Welcome back and joining us now is Gerald Slinty.

As I was saying earlier, we've got a lot to talk to Gerald about. Things are moving fast. We talk every other week, but there's so many things happening all the time. As I was saying earlier, he's spot on with the commercial real estate stuff. I want to get Gerald's take on what's happening with markets and gold and silver. But I want to begin with Scott Ritter. But before we do, just real quickly, if you go to Trends Journal, TrendsJournal.com, you can see samples of Trends Journal. Great publication.

Over 300 pages a week there. It's set up on an online magazine format. And if you want to subscribe to it, you can get 10% off with the code NIGHT. That's at TrendsJournal.com. Use the code NIGHT. So thank you for joining us, Gerald. Always good to have you on. Well, you're welcome. And I don't want to be safe over here because you're

talking about masks i don't want to get you sick you know that the uh the economy and the politicians are no no we'll make up any crap we want because it says that these masks uh let's see do not eliminate exposure to the risk of any disease or infection. That's right. It's for people who can't read these. These are the many way, you know, really be stupid. Swallow the crap coming out of the mouths of these little moronic politicians. And look at the jerks. Remember these little clown boys and girls all over the world that were the health experts.

Yeah. Look what these clowns look like. The jerk up there in california what's his name doesn't know who he is or which he is uh uh rachel richard levine i cut off my this and i got that this little clown boy with more chins than chinatown telling us about health yeah and but the importance of this that's the entire system yeah from the clowns i'm the secretary general i'm lloyd austin a big fat limp i love to kill people in iraq I did a great job slaughtering people in Iran excuse me in Afghanistan

and I'll tell you what to do I'm the secretary of defense one little clown after another in every little bureaucratic hole that are telling us what to do our freedom has totally been lost from us.

Totally. I wrote this the other day. I won't say all the words. Before politicians took over and humanity was free, I'd F you up if you tried to F with me. But these days are history. But these days are history. But those days are history. Politicians are in charge.

You're just a little piece of crap. But that's not the word I used. They are owned by the billionaires. And they own you. Look at them. A bunch of little gutless nothings. Little nobodies. Little boys and girls of nothing.

Telling us what to do. Yeah. And you were talking about the, you know, what's going on in the elections. Oh, by the way, you're talking about subscribing to the Trends Journal. What's gold now? It just went on $2,427 an ounce. Oh, go back to one of our top trends for 2024, a golden year for gold. Oh, gold's only gone up $400 an ounce.

Why would you want to subscribe to the Trends Journal when you could pay $5 a day for the wall street journal what's that they'd spelt it it's wall shi and i cannot put the other letter in there yeah swifties take heart after canceled shows oh isn't that nice i'm paying five dollars a day because i need data i gotta because we need data to write trends you know we need information five dollars a day for this crap we hardly get two articles out of an entire newspaper that are trend worthy that we could report on this is what's being reported here's our analysis and here's what we see going. So that when you subscribe by using Knight, the trends journal costs you

the grand total of $2.50 a week. A week. And it's the only magazine that tells you what in the world is going on, what it means, what's next, and what you might want to do. And again, don't support us. Don't do anything.

You know, fine. Be stupid. Keep listening to the crap out there. You know, stay dumb. Yeah. Six corporations own 92% of all the media in America. Thanks to that slimeball Bill Clinton, the Federal Communications

Act 1996. Oh, I like MSNBC. Oh no, I like Fox. I'm really stupid. I like only what I like. I don't like to hear anything that I don't like. I'm still in kindergarten. Yeah. That's right.

That's the mentality. That's right. You know, you asked me how I am before i went on the air i'm disgusted yeah to watch the decline of america you know once upon a time there was a thing called the ringling brothers in bonham and bailey's circus it went out of business you know why you don't have to step right up step right up see the bearded lady see the fat man see the tattooed lady they're in the street everywhere life is a circus now it's out there in front of everybody's eyes that's right look at the way people look look at the crap that they eat yeah look look look how they dress i have you know my parents generation there were there were laborers my father worked in a fish store the way they dressed the dignity

of the people yeah oh yeah you know i when uh i was in college i was in bands and one year we did a New Year's Eve party for the retired circus people down in Sarasota. And it was not anywhere near as freaky as a Democrat convention. Both of them. I mean, they were both disgusting to me. They're both disgusting. Yeah, that's right. And by the way, all these things that you're talking about, about this guy waltz and this, none of that means anything. This is just a little hype that they're throwing out there about attacking, attacking, attacking.

There's two, again, our trend forecast, and I can't stand either of them to make it 100% clear. When you're forecasting trends, it's not what you like, what you want, what you wish for, it's what is. Right. trends it's not what you like what you want what you wish for it's what is right and the what is is that harris is going to win minus minus an economic decline like if the markets crash if the economy starts going down real hard there's that kind of thing trump will win if the economy goes down if there's a market crash, the people are stupid enough to believe Trump will save it. That's right.

But I mentioned to you, again, it's not what you like, what you wish for, what you hope. She's already doing it. And Trump came out, he said, ah, you know, my position on abortion, that doesn't count. Abortion's not going to be a big issue. Yes, it is. It was, again, facts are in your trends journal.

We sent out a special trend alert on July 25th. And we said, Harris 2024, we forecast this in our trends journal in May of 2022 when the midterm elections were going on we said the repulsive kids aren't going to do good because that whole roe versus wade thing came out yeah that's right and camilla harris we said is going to be the heir to the democratic throne she's going to go out and start campaigning now and the only two issues that she has behind her that she's going to talk about is support for the ukraine war and pro-abortion yeah that's right and that's exactly what she did and that's exactly why the repulsive kids didn't do well in the midterm elections. When the polls showed how low Biden was in the polls, he was 79 years old.

And the people said he was too old and the economy was going down. People forget. Again, they don't know. But. Again, and then I want to talk about the hypocrisy of, again, not what you want, what you believe, but how about this? How about all these so-called evangelical Christians that support the slaughter of the people in Palestine, the genocidal war, and their anti-abortion? Don't kill anybody before they're born, but slaughter anybody anywhere. Here's the money and the bombs to do it.

How about that for hypocrisy? Yeah, yeah, yeah, I agree. Yeah, I began the program today talking about the abortion thing. I said, Republicans are running from this as hard as they can. They're going to get shot in the back. They're already getting shot in the back. And we just had, you remember, it was nine years ago when you had that guy that did the undercover stuff, David Dale David delight and he got them talking about how they wanted Lamborghinis and

they would chop up babies and sell the parts and things like that and so he just released a new video and they were talking about doing partial birth abortion I said you know if he wanted to win he doesn't have to necessarily even get really you know graphic and show people aborted babies, but he could have David Daleiden talking about what Lala Harris did. She was the one who prosecuted him. She came, instead of stopping the criminal trafficking of body parts, which is against the law, instead of stopping the partial birth abortion, what she did was she came after

the whistleblower. And so if they wanted to put him on, like they do people who have family members who've been killed by illegal aliens or something like that, they will put them on to talk about how we need to do something about the border. They won't put on David Daleiden. And, of course, Trump didn't do anything as president. They run the opposite direction, and it's going to destroy them this time around. I agree with you. I think the abortion thing, they don't know how to handle it because they are not opposed to abortion it's just their voters who are

so it's uh it's again you know and and that that again it's a freak show it is yeah this guy little clown boy of minnesota that just brought in. Yeah. A little boy of nothing. Yeah. A little boy of nothing. And all that. Again, any one of these little clowns, I'm a politician. I'll tell you what to do. Come over here and try to tell me what to do. Come over here man to man and try to tell me what to do.

Come over here and try to tell. Oh, no, no, no. We're not going to tell you to do it like that. We're going to screw you up in a lot of different ways like they just did to Scott Ritter. Yeah, yeah, yeah. Let's talk about that. I covered it yesterday.

I gave his statement that he said, and then there was more about it today. He said, you know, they're trying to get kind of read between the lines. It was about a foreign agent registration act, which they don't care about with Hunter Biden or any of their people or or John Podesta. But they want to come after him and say that he's a foreign agent because he's writing op ed pieces, criticizing the policy of his government. And so, you know, Scott Ritter, have you talked to him? He's going to be coming in to occupy peace at the end of September. What's the exact date on that? September 28th.

OK, September 28th. Go to Occupy Peace dot com. Occup? September 28th. Okay. September 28th. Go to occupy peace.com, occupy peace.com. All the information's there. Scott Ritter, Max Blumenthal, Anya Parampil, Judge Andrew Napolitano,

and others. I just had lunch with Ritter two weeks ago. We're very friendly. And, um, you know, I, I,

of course I, you know, I emailed him right away and I said, I'm sorry for what you're going through. And I said, as a man for peace and anti-war, I support you. And that's exactly what he's against. Yeah. Against the wars, and he's pro-peace, and he makes it very clear that we have to negotiate rather than go to war and for that you're criticized look what you're talking we're talking about the presidential

reality show right as any of these little clown boys and girls talked about i am a president for peace no no foreign entanglements i believe in the founding fathers no foreign entanglements oh no no no no israel has the right to defend themselves you know how tired i am of hearing that crap no other nation in the world has the right to defend themselves only israel they could kill anybody just like america kill anybody you want any way you want that's okay but when anybody retaliates you're a terrorist and you're a militant yeah let's talk about that because you know over the weekend there was all the talk about how uh iran was likely to attack in the wee hours of the morning on Monday. Didn't happen. Then a couple of days later, they were saying, well, they've issued a statement saying that

and it might have been Iran or it might have been a neighboring country. They put it out on Notam. Here's a two or three hour window that you should not be flying over this corridor. So they said that's maybe a tip that something's going to happen, but nothing has happened. What do you think is happening with that? Is, is Iran going to respond to that assassination or,

or what? Cause we've seen that type of thing in the past. What's that going to tell you when they're going to do it? It's ridiculous. Oh, but Trump came out. I had to quote over here. He came out and said that,

um, the fact is they're going this is uh on monday on sunday he said they're going to attack on monday yeah he's the facts here yeah a lot of people are saying that yeah again you know they don't they're not going to tell you what they're going to do here trump claims iran will attack israel tonight new york post august 5th i'm hearing they're going to be an attack by iran on israel they're going to be attacked tonight i'm telling you right now yeah okay well he's telling us right now so we have to believe it because really we were really stupid we love trump and then again it's it's a it's nothing more than a crime syndicate

on abortion trump downplays abortion as election issue this from cnn i think it's actually going to be a very small issue trump said yeah he's hoping it is because he's not going to defend it and that's the thing yeah he could easily he could easily he could easily defend it he could do it is because he's not going to defend it. And that's the thing. He could easily defend it. He could do it by showing pictures, which some presidential candidates have done. As a matter of fact, one of these abortion activists ran for office so that she could show those pictures. But he doesn't want to defend it. He's going to run from it.

And again, it's not going to work for him. But, you know, it's not just Scott Ritter. Yesterday, I talked about the fact that Tulsi Gabbard, after she criticized Lala Harris, two days later, she gets an entourage now of air marshals. They got five to seven people following her around every time she takes a flight. And this was something that was exposed by the air marshals themselves. And they said, we got whistleblowers who are ready to go on the record. They're disgusted with this. I mean, that's amazing.

And I've seen virtually nothing in the press about that or about Scott Ritter. And it's amazing when you look at how totalitarian our government has gotten in the program today. I talked about Sir Rowley, who is the Metropolitan Police Chief in the program today i talked about sir roly who is the metropolitan police uh chief in the uk and he's threatening anybody from saying anything on social media he goes oh you keyboard warriors we're going to treat you as terrorists we're going to come to your house we're going to arrest you we may even extradite people from other countries who criticize uh what we're doing here it's amazing how totalitarian the governments are becoming very rapidly. There's an article here about, let me see if I can find it,

about what happened over there in Germany. They just find, here it is. Pro-Palestinian protesters fined in German court for using banned slogan. The German court ruled on Tuesday that a protester who shouted from the river to the sea, Palestinian will Palestine will be free at a rally in Berlin in October. Had condoned a criminal act and she was fined 650 dollars you're not allowed to say in germany you're not allowed to say from the river to the sea palestinians will be free the lawyer representing her said from my perspective the slogan should never be part of a criminal investigation

if some people are unhappy with that phrase they should be able to counter it with their own ideas that's how a liberal democracy should work but instead the german state and berlin are raining down with the repression on the pro-palestinian movement he's 100 right oh you're not allowed to say that no you're only allowed to say israel has the right to defend themselves yeah you know and i'm tired of hearing this crap that god gave you the land don't want to hear it i don don't believe in your God. All right? You don't have to believe in my God. Don't tell me I have to believe in your God. Well, the issue is that whatever you think about anything,

you must think what the government thinks, and you must say what the government says. And it doesn't matter whether it is Palestine and Israel, or whether it's climate, or whether it is health issues, or, you know, right there in Germany. They've gone after AFD, which is rapidly increasing in terms of its popularity and vote totals because people see how they're being overrun with immigration. And they have taken measures to say, well, if you are an AFD and you have a gun,

we're going to, you know, take away your permission to have a gun. I don't know how anybody in Germany gets permission from the government there to have a gun as restrictive as they are there. But say you did that, they're going to take that away. They debanked them. They're kicking people out of the financial system and all the rest of this stuff. To me, that's one of the biggest issues in terms of gold, why you would you don't have it is because of this financial system they're trying to corral everybody into but you look at all these different western governments in france one of the stories that i had today was you had some christians who were upset about the mockery of the last supper and

communion and stuff so they rented of uh they had a um i don't know if they rented it or owned it but it was a bus and it said uh something about um you know mocking christianity or something that had a petition that you could sign and the police just arrested the six people who were in the bus uh for driving a bus around and it wasn't anything offensive uh and they just said if you didn't like this uh stop uh you know mocking christianity or something sign the petition here that's not allowed uh paris has turned into a total police state around the olympics every place has exactly yeah you were talking you're talking before about the masks and all this other stuff look what they look what they imposed upon us. Oh, that's by the way, let me tell you why we wrote about Harris and made that forecast back in May of 2022.

Because she came out, your body, your choice, right? We said, what hypocrisy? She's out there selling the vaccination. You have no choice. It's not. Hey, how about my body, my choice? choice oh you're a man that doesn't count what do you mean how about my body my choice i don't want to take a vaccination go to hell it's only my body my choice when it comes to women that's why we wrote about this to show

her hypocrisy and they And they were doing that. They were forcing women to get the COVID jab as well. They don't care about anybody's body and anybody's choice. And you know, Trump is not going to, and the Republicans aren't going to come after that and use that line. That would be a very effective thing for them to come after the abortion thing. The hypocrisy that they had through

the so-called pandemic. But they're not going to do that because the Republicans are doing the same thing that the Democrats are doing. Yep. Saying, we don't care what your body and your choice is. Nope. It's crazy. This is the headline in Zero Hedge, going back to Ritter. FBI raids New York home of ex-UN weapons inspector and anti-war pundit.

You're not allowed to be anti-war pundit you're not allowed to be anti-war there's not one person out there speaking for peace on the mainstream prostitute media no one you're banned yeah yeah yeah they're not going to say that he's pro-peace they're not just like they're not going to say somebody's pro-life you know the ap says you got to call those pro-life people anti-abortion rights uh so i guess scott ritter is anti-war rights yeah or he's he's an anti-war extremist that's what he is he's an anti-war extremist he's for peace uh that's the way they use the language they weaponize it that way and that's what he said They've gone to war with me. And he said,

it's a war I'm going to win because he's not going to get lying down. And that's good. And I'm glad that he's going to do it. He's a real man. Yeah. You know, here's the deal with Ritter again. And I'm friendly with him.

He was on the other side. He was a top Marine guy. And he grew up. He wanted to kill everybody. Until he saw it. And then he changed his tune when he was on the other side. And I'm the same thing. I was a chief government affairs specialist for the chemical industry. I was killing environmental legislation at the height of the environmental movement back in the 70s.

I worked on political campaigns in west chester county i was the assistant to the secretary of the new york state senate i designed and instructed a course called american can't american politics and campaign technology and taught it at st john's university i was on the other side if i wasn't on the other side i wouldn't know what it looked like. And then when I saw what it looked like, I said, oh, I can't believe I sucked into this stuff. And that's what happened

with Ritter. This guy is a true man. He's a true fighter. What this poor guy is going through. And I'm saying, are they going to come after me next? And how many FBI agents are going to be at our rally? Yeah. Oh I'm saying, are they going to come after me next? And how many FBI agents are going to be at our rally, Odie? Yeah.

Oh, yeah. And how many agents provocateurs will try to be doing something to disrupt it? Yeah. Yeah, that's the situation we're in. People have to unite. You know, you better come here and help us because we're doing everything we can. And if you don't want to do anything, you know, knock yourself out and you're going to pay for it yeah and and again you're looking going back to what's going on with the with this israeli war the genocidal thing it was a um i don't have it

here um what's his name came out a couple of days ago netanyahu that that land in gaza is part of our holy land and it belongs to us did you see that no i didn't see that yeah so that land belongs to them and they just found 700 000 year old remains of a humanoid found. This came out three days ago. The discovery in Indonesia strengthens the hypothesis of Homo. I don't know how to pronounce this. Who also dubbed Hobbit. Homo Frodo.

That's it. So the new findings dated to bedo, that's it. So the new findings dated to be 700,000 years old. Wait a minute. What tells you wrong with you? Don't you know that the world began when Moses came down with 10 commandments

and God gave Israel that land nobody else had it before. God gave it to them. And wait a minute, 700,000 years ago, how many? How? No, life began back then. Nothing else. Our history books tell us that.

That's the kind of crap they shove down your throat. Yeah, you know, it's the sort of thing where whatever they want to do in terms of describing that, if God is on their side, they don't need the U.S. That's enough, you know, and I've said that over and over again. And I've said when you look at the Orthodox Jewish people, they believe that God is is going to give that land to them but they believe god's going to do it and so they oppose the secular government of israel and i say to my christian friends all the time there is a difference between the nation of israel and there's a difference between um all of that and jewish people and this israeli government of netanyahu and I don't have to bow down and worship Netanyahu because I would be more inclined to agree with them on what they're talking about, but I don't necessarily agree with the government in the way that they're doing it.

And if they're going to do it that way, I would side really more with the Orthodox Jews in terms of their approach to it, that, hey, if God's going to give us the land, God will give us the land. It'll be God. It won't be Netanyahu, and it won't be through these methods. And so, you know, there's a lot of different ways that you look at it. But, of course, what they have done, because they're so politically powerful in the United States, they equate being anti-Netanyahu with being anti anti-semitic and it's not the same thing at

all and we have to destroy it yeah i'm an american this is none of my business that's right that's right and lindsey graham that little clown boy of nothing who's in the media all the time he said this is a religious war hey what am i involved in a religious war for i'm an american how about if i i don't believe in your religion how about that i'm telling you to believe how dare you don't believe in my religion wait take it easy man i don't want to hear it lindsey graham's religion is that he gets to rule the world or the the military industrial complex in the u.s does he wants to go to war with with iran and he's been looking for any kind of opening that he can to do that.

And as soon as anything happens, he's like, okay, here's my, everybody vote for this. This is my declaration of war. I mean, he's insane. And, you know, he's been that way for a very long time. Truly, he's amazing. And going back to all of this, this is the headline in um

haha that's the israeli newspaper again what we do is trend forecasters we cover the world yeah we wall street journal we read that stuff they have to read it you want to know what what they're talking about so we could see and understand you know one side same with the new york times and go to haaretz we pay for it israeli newspaper we go to jerusalem post times of israel oh we go to i r n a i s n a tehran times you want to hear what Iran has to say. We go to Al Jazeera. We want to hear what the Arabs have to say. We go all over the world. So this is from the headlines from our hot ads today.

U.S. second gentleman. Second gentleman? Who the hell are you talking to? That's what this guy, this guy that Harris is married to, he's a second gentleman. You're just a piece of crap. It's like saying his majesty, you know? Anyway, you as second gentleman, quote, we're witnessing the worst wave of Jewish hatred the globe has experienced since World War IIi end quote hey wonder why can't understand oh you mean the slaughter of all these innocent people in front of everybody's eyes

there's destruction right about 80 percent of gaza now bombing churches mosques hospitals schools oh only two schools got bombed this week oh starving the people to death oh oh oh i can't understand why people don't like this oh and talking about the jewish and you talk about how they own the country oh they just had that election over there what was it in saint missouri somewhere that woman bush lost oh yeah jewish yeah. $8 million they put into the opponent's campaign. Wow. The guy Bauman over here in New York

down in Westchester County. $13 million they put into his opponent's campaign and he lost. I can't understand why they hate him. I tell all my Jewish friends, and by the way, all of my Jewish friends except one. And I got about, you know, 10, 15.

And as I say, don't call me an anti-Semite. Three of my last four girlfriends were Jewish, so take it easy. Every one of them are against what's going on. Every one of them. Yeah. Except one. Yeah. Except one. Yeah. So going back, Abe says Harris opposes Israel's arms embargo.

Again, this is from Haaretz. Oh no, the Times of Israel, excuse me. The aide said, quote, she will always ensure Israel is able to defend itself against Iran and Iran-backed terrorist groups. You're in an Iran-backed terrorist groups if you're a Hezbollah who fought against Israel when they invaded Lebanon and defeated them in 2006. You are a terrorist for trying to for throwing Israel out of your country. Yeah, yeah. That's the language that they use,

and that's what the people suck up and swallow, which is why you subscribe to the Trans Journal. We don't do that kind of crap. Yeah, yeah, that's right. Yeah, when you were talking about the Wall Street Journal earlier and showing the cover of it as being Taylor Swift, it made me think about what people are saying about artificial intelligence. And there's been several reports of this now.

The first one was several months ago, but then recently there's been two more reports where they say as they get more and more synthetic data, in other words, more and more data from AI, it gets dumber and dumber. It's like mad cow disease or Yakov Kreutzfeld disease. where they say as they get more and more synthetic data, in other words, more and more data from AI, it gets dumber and dumber. It's like mad cow disease or Yakov Kreutzfeld disease. Well, I think we've got that in the media.

We've already got it with the Wall Street Journal and the New York Times. They're already cannibalizing entertainment stuff, and it's getting so stupid, it's going to be difficult to tell the difference between AI that is hallucinating over junk data and what's already happening in the wall street journal the new york times i think you're 100 right in here this is from yesterday's toilet paper record in new york times times company reports 13.6 jump in profits and more subscribers. More people subscribing to stupidity.

So don't subscribe to the Trends Journal. It's $2.56 a week or 50 cents a week when you go to night. Subscribe to the New York Times and get stupid crap. Yeah, yeah, absolutely. You know, for the longest time, you've been talking about,

you know, you said when everything was locked down and they emptied out the office buildings and everything, that it was going to result in a commercial real estate crash and it was going to impact the banks. I just talked about this week, the fact that the mainstream media is now starting to talk about that knock-on effect of what's going to happen to the banks and they were saying that they changed and this i found

interesting gerald they changed the way that they report the bad loans and this is the kind of stuff you see from these people all the time the way they change the uh unemployment figures or the way they change the calculation of inflation. Now they've changed the way that they calculate the commercial real estate stuff. So maybe they can keep this thing going a little bit longer. But talk a little bit about the economy, where you see things headed, because we had that big drop on Monday, then a lot of it recouped. What do you think is going to be happening with the economy? Let's take the office building bus again subscribe to the toilet paper record the new york times and here's the

headline in the business section yesterday high vacancies aside office building values rise in new york city so everything's fine everything's fine all right then again this is yeah you see how i have to underline all these points this they go this then these go to the writers i highlight the important points on the article and have to you have to read it to the very end. And I make notes. Your office vacancy rate, meaning empty buildings in New York City, 23.6%.

Vacant. Nobody in there. Okay. Almost a quarter of the buildings are vacant how are they going to pay off their their loans oh no no no no high vacancies aside office building values rise in New York City. Wait a minute. Did you see the article last week? Building on 50th Street. Midtown Manhattan. Right in the heart of Manhattan.

It was sold in 2006 for $320 million. It went up for auction last week. They sold it for 8.5 million dollars wow wow

Midtown Manhattan Sports Illustrated used to be one after another used to be Midtown Manhattan right in the heart it's about 2% 140th yeah yeah of its value so now we won't talk about that now they say that office building values rise so you read the end of the article two-thirds of the overall growth from 2020 to 2025 fiscal years occurred in one area.

Hudson Yards, the new neighborhood of skyscrapers on the west side. Ugly, ugly, disgusting-looking skyscrapers on the west side. So it blocks all the views it used to have of the Hudson River, by the way. Property values in Hudson Yards rose $6 billion over that time. But

in Midtown East, they fell by about 10%. Again, the important aspect of this is that two-thirds of the overall growth

came from one block. Wow. So everything else is going down. I'm in the city a couple of weeks ago. And again, I'm a Bronx guy. I'm in the city a couple of weeks ago. And again, I'm a Bronx guy. I know the city.

Sunday afternoon, beautiful day. Walk from Bleecker, west side, all the way over to the Williamsburg Bridge to Broom Street. Never before in the

hot spots of the West Village on a Sunday afternoon you see people shooting up. Never before all over the place. Drugged out. Never before so much filth on the streets.

Never before under all the scaffolding where they're doing work, homeless everywhere. Send more money to Israel. Send more money to Ukraine. Send more money to the military industrial complex as America is rotten in front of our

eyes. Yeah, that's right. So no, this office building bust is being downplayed. We forecast this in 2020 may when they started forcing people to work from home people are staying home week after week month after month now year after year and they're saying getting up at five o'clock in the morning to commute an hour and a half each way i'm like i gotta be out of my mind how did i do this i'm not doing it anymore yeah and then i'm the guy that has 10 stories let's say i got people sitting in cubicles i don't see him anyway yes stay home i don't need

all this space there's gonna be a default they're phony they keep extending the loans they keep playing the game they're hiding it there's going to be a banking crisis the likes of which we've never seen before and then oh this isn't talked about at all either your office occupancy rate meaning people going back to work in the 10 largest cities in america it's around 50 percent so how about all the businesses that used to depend on commuters they're going out of business that's right every week in the trends journal we have going out of business section we have every week in the trends journal going on over a hundred weeks jobs being cut big time you saw the one where intel, what was it, 18,000 jobs cut? Yeah. Yeah. I think every week we're putting in how from Gucci down to McDonald's, the sales are going down. The fish drops from the head down.

Yeah. Markets are going up. Three companies, BlackRock, Vanguard, State Street, own 88% of the S&P 500. Mm-hmm. Mm-hmm. It's a rigged game. Yeah. And of course, they're pouring in now. BlackRock is pouring into

derivatives. They want to ETF everything. Larry Fink has actually used that as a verb. But let me ask you this. You know, the fundamentals, as you point out, there's nothing changing any of those things. And so it is going to go down. But just from the standpoint of the next couple of months, do you think that if they do an interest rate cut, and if it's big enough, that that's going to kick the can down the road a bit more with this commercial real estate?

Those people will be able to refinance? Typically, we talk about it easing up the housing market. to kick the can down the road a bit more with this commercial real estate. Those people will be able to refinance. Typically, we talk about it easing up the housing market, but it might kick that, extend that out a little bit more, right? Yeah, the housing market will pick back up again when they lower interest rates more, and the treasuries go down. But the commercial real estate's finished, man.

Office building bust. Yeah. There's no way it's coming back. Yeah. Again, the people are going back Tuesday, Wednesday, and Thursdays. Mm-hmm. So now they're having longer weekends. And it used to be Friday used to be party time back in the day.

You know know happy hour finished work dead I'm telling you where I am up here I'm almost thinking of leaving here I'm just staying here a little amount of time I'm a I'm a night time guy you know

9 o'clock at night everything's dead here now yeah in the city 12 1 o'clock in night, everything's dead here now. In the city, 12, 1 o'clock in the morning, it's dead. All the vibe is gone. People are flooding up here, by the way. Real estate's still skyrocketing. They're getting out of the city. Again, I'm in Kingston since 2002.

I'm one of the first outsiders up here. And you know where my buildings are over here. Right. I watch people go by now. Never before, ever, ever did I see so many people, young people with kids in strollers. They're flooding out of the city and coming up here. The Hudson Valley is beautiful. But there's no nightlife in it.

It's gone. And again, you go out and you you're i you go out nine nine o'clock at night you're on the road cops everywhere cops everywhere stopping you yeah yeah so um you say no nightlife no uh no jazz clubs uh what what is going on in terms of new york in terms of uh you know jazz and uh broadway and all the rest of that stuff is that all dying as well broadway's way down from where it was yeah and this is very important when you know the theater district and everything even back when it was doing good it was only older people that went there

when i'd go, I'd feel young. And, no, it hasn't come back at all. And Midtown, Midtown is, you know, Times Square area, it's disgusting. Again, drugged out people everywhere, selling drugs, drugged out, laying on the streets. It's not coming back. Well, where would you go? Because most of the cities are like that. You know, most of the cities where you're going to have a nightlife or something like that, they're all having the same type of problems with homelessness and commercial real estate.

You know, if I take off, I'd travel the world a little bit, go to different places. But I'm so sad. I'm heartbroken to see. Before the COVID war, I loved it up here so much it changed everything oh yeah it's there's a right next to one of my buildings there's a hotel it was a bank a bank of america and they turned it into a uh small hotel and a restaurant down below. You could not get in that place on a Friday, Saturday, Thursday,

Friday, Saturday night. The bar had two bartenders and a bar back Vogue magazine, Vogue magazine, top five places to visit in America. The Kinsley hotel right over here was number one. I talked to people. I used to joke.

I was 13 steps away. Where are you from? Well, we live in Paris, but we also live in New York. Now, there's one bartender and the place is empty. Wow. Yeah. For rent signs everywhere. Everywhere.

Commercial real estate. Again again people going broke yeah the big zone everything with nothing more than plantation workers of slavelandia that's right let's talk a little bit about gold and of course you were talking about that earlier you know up four hundred dollars uh this year and um you you picked uh this year being the year of gold and of course um interest rates uh there will be uh pretty much everybody agrees there will be one at least one interest rate cut uh after monday you had a lot of analysts were saying oh they've got to cut it uh 50 basis points 75 basis points and that's just for starters and they got to do it twice and everything just in the next couple of months uh that disappeared pretty quickly though uh what are people now anticipating they're going to cut them and i would bet yeah and now here's the deal the lower interest rates fall the deeper the dollar goes down the deeper the dollar goes down the higher gold prices go up gold is dollar

based so it costs more money for people in other countries to buy gold because the dollar's strong the dollar goes down it's cheaper for them to buy gold as the dollar goes down and interest rates go down inflation goes back up so what you're going to have is dragflation and all i know don't don't i'm not talking about the drugs i'm not talking about i'm talking about you know you know i'm a real old jazz fan and all these old songs about, I feel so gay, you know, oh no, what are you talking about? The happy doesn't mean gay, the gay doesn't mean happy anymore. Dragflation means that the economy is going to drag down, it's not going to be stagflation, and inflation is going to go up.

That's what you're going to see. Yeah. Yeah. And you've been saying that for years as well. Even before the drag thing became a big deal. Now, I guess it's going to be, it's going to be dragflation and they're going to go bust.

What's going to be happening now? No, when all else fails, they take you to war. Yeah. Yeah. That's right. And that's the thing that to be happening now. No, when all else fails, they take you to war. Yeah, yeah, that's right. And that's the thing that people have to understand. Yeah.

That there's war ahead. Well, what else is on your agenda here when you look at, survey the landscape here? We've talked about war. We've talked about gold, interest rates, commercial real estate. Anything else that's kind of on the horizon? Well, those are really the very big things that are going to happen. And the wars and it's the decline of society. It's right in front of our eyes. And to me, people say say what could you do about it

we need a renaissance what followed the black plague the renaissance people realized they were destroying their lives with all the filth and sanitation they used to say in italy a la romana a la antica in the manner of the romans and the ancients to describe the quality of their work. We need a renaissance. We need to uplift the spirit. Look at the music, what crap it is. Yeah, nobody cares about excellence or beauty anymore, about anything, in any art, music, architecture, anything. That's right.

Yep. Yeah, that truly is the case. Well, we certainly do see that on display with the Olympics. It's become quite a joke and uh and it's all just about the politics i mean we look at the filth in the seine river uh you're talking about how you were on the other side i had somebody that i worked with had had joined the epa at its inception because he wanted to clean things up and then he saw that it was became uh with mission creep is not so much about cleaning things up. And then he saw that it became, with Mission Creep,

it's not so much about cleaning things up anymore as it was about banning things. And so he got out after 30 years, and he started opposing it. And we see that as well. You know, there in Paris, you've got the mayor there spent $1.5 billion on the Seine River, and now you've got people hospitalized because of the E. coli, swimming in it.

It's just disgusting. But at the same time she's mrs green i mean she's all about green this and green that but they can't even and won't even clean up the filth in their own river they're just dumping raw sewage into the river it's just just amazing the hypocrisy isn't it oh and remember she they showed she showed how safe the river was she's all dressed up in a rubber suit all covered up in rubber oh it's safe in here yeah yeah yeah these other people they were saying you know uh i i i decided i was going to try not to swallow the water but you wind up doing it when you're competing like that you wind up swallowing a lot of it and they had a lot of people get sick again it's a freak show yeah it's a total freak show it is and again you're talking about what else is going on um it's it's i'm telling

you the most important thing right now is is the ukraine and the israel war because ukraine is now as we said they were going to do ramp it up and attack deeper into Russia, which they're doing. And Israel, we said, is going to ramp it up against Iran and Lebanon. So when Iran gets involved in this and it keeps escalating, you're going to see oil prices go to above $130 a barrel. And that's going to crash the global economy and the equity markets. End of story. And of course, Sweden is part of the ramping up against ukraine as well they've made some major moves in terms of supporting that everybody was talking

about sweden very excited oh look our side is going to win there's not anybody going to win out of any of these wars nope yeah nope nope well yeah i'm going to go on what are you going to say uh yeah it is when we look at this the other aspect of it we've talked many times about artificial intelligence and uh you know getting ahead of itself in terms of bubble uh and yet when you look at ukraine uh there is rapid change in terms of weapons of war and a lot of asymmetric warfare now because of drones and because of ai that is rapidly changing and i think that's another key aspect of this is it's a way for them to essentially reset the entire military industrial complex it was a book a few years ago

by daniel suarez called kill decision and that that was kind of the whole gist of it. It was a very interesting book, maybe about 10 years ago. And in it, because of drone warfare and everything, it essentially made all of the big expensive weapon systems obsolete and reset the whole game for the military industrial complex, which is what you see them doing over and over again. They always want to reset the existing structure, whether you're talking about transportation or you're talking about food, and now you're talking about war.

They want to change everything because they're already focused on this new approach, and they get in on the ground floor and ride it up. And so I think that's one of the key things about this ukrainian war is how it is fundamentally changing warfare what do you back in 2000 you know i wrote the book trends 2000 this book here i was a speaker at vmi virginia military institute talking about new Millennium Warfare and how he's going to change so dramatically in the new coming times this is the beginning when the industrial when the internet revolution was only what about six years old mm-hmm and I said how things are going to advance so dramatically exactly what

this guy said and all these the weaponry is going to be obsolete in in the future and um that's exactly what's happened it's totally obsolete going back to the to the uh Iran what what is I'm not real good at numbers but what does uh Iran have what 91 million people there and how many does israel have about nine million yeah okay nine million against 91 million yeah that's right these are the persians a very advanced people you saw what happened when they after israel killed that commander in damcus in the consulate against international law and Iran responded.

It cost Israel 1.3 billion dollars to try to shoot down those drones. The United States helped. And after they sent in all those drones, then they sent in missiles. And they didn't target any areas to kill people. But they showed what they could hit any place they wanted.

That's right. That's right. Now, the problem is that when Israel loses, they're going to go, they were already saying it, they're going with the Samson option. And that's, they go nuclear. Yeah. Yeah. Yeah, it's very concerning when we look at that and it's that kind of asymmetry that they exploited and in ukraine it's it's going in the other direction i mean they've got a you know two pound drawing a drone that took down this massive helicopter so the asymmetric warfare the resetting of the way the warfare is being done, and then, of course, leading us into a nuclear exchange, just as we've had the anniversary of Hiroshima this last week.

Always great talking to you, Gerald. And again, we'll be watching to see what happens with Scott Ritter and with Occupy Peace at the end of September. Give me that day again in September. September 28th september 28th trends journal you can save 10 off with the code night thank you so much for joining us gerald always a pleasure talking to you and thank you for all that you do i very much appreciate it thank you all right have a good weekend folks thanks for tuning in The David Knight Show is a critical thinking super spreader. If you've been exposed to logic by listening to The David Knight Show,

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