The David Knight Show - Interview: Celente: The AI Bubble Is Hiding an Economic Disaster

Episode Date: August 12, 2026

Gerald Celente (TrendsJournal.com) warns that America’s rapidly expanding AI surveillance network is destroying the constitutional “right to be left alone,” as thousands of police departments deploy cameras capable of tracking innocent people without warrants or meaningful oversight. As AI supercharges that police-state infrastructure, Celente argues the same political establishment is lying Americans into another disastrous war with Iran—claiming victory and “total control” while the costs, destruction, and consequences continue to mount. Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Joining us now is Gerald Salienti. And, of course, Gerald has Trends Journal. You'll find that at Trendsjournal.com. An excellent source of information is a weekly publication online. He has a very nice online magazine format that you can search. And he doesn't focus on the fluff. He focuses on the core trends that are happening. Of course, we're talking about trends.

We don't know exactly what's going to happen with gold on any given day, for example. But we can see the trend of, where it is headed in long term, but we can't predict exactly what the price is going to be on a given day because there's so much noise introduced into the system. But he has an excellent publication. Gerald has always been ahead of the trend, understanding where it is going. Whether you like it or not, he'll tell you what the trend is. And you can also save 10% if you use the code night at trendsjournal.com. Thank you for joining us, Gerald. Good to have you on. Thank you. And again, you know, with that you save 10%, that means $2.50 a week.

Again, in the Trends Journal, we have an article this week about, it's over here somewhere in TrendsRview. Big Zone everything, FCC votes to remove limits on broadcast TV ownership. Yeah. So that means more consolidation. That's right. And go back. That's already nearly just one point source, right? That's it.

And that's why what we're giving you, you're not getting anywhere else. And they don't know how to do trend forecasting even, by the way. But it's so sad. You know, go back to the 80s. About 50 companies controlled 90% of the media. Now, about five companies control 92% of the media. And this is global, by the way. It's in country after country.

That's right. The tycoons own the whole deal, and we're nothing more than plantation workers of Slavelandia. Now, I was listening to you before he went on the air, and you're talking about the surveillance state. It's an article in this week's Trends Journal by Judge Andrew Napolitano, the right to be left alone. The makers of our Constitution understood the secure conditions favorable to the pursuit of happiness, They conferred against the government the right to be let alone, more comprehensive of rights and the right most valued by civilized men.

That was Judge Lewis Brandeis back from 1856 to 1941. He goes on to write, the judge. The rapid spread of public surveillance cameras represents something far more consequential than a new piece of police testimony. technology, it represents a fundamental change in the relationship between the individual and the state. These cameras allow government agents to record, identify, catalog, and retroactively track the movements of people who have committed no crime, are suspected of doing no wrongdoing,

and have done nothing to invite government scrutiny. that's not public safety. It's an assault upon individual privacy. Oh, he's absolutely right. And the right to be left alone, that is so foundational. Yeah, that's a spot on with that. You know, when you look at this, Gerald, I'm so sick and tired of the phony narrative.

Well, it's a public space we can take a picture of anybody that we want. It's not about the camera. It's about the network. And it's about the ability of AI to sort through this haystack and find the needle. It's about bring me the man and I'll find the crime. And you know, it just came out of the last week. There's an Israeli company that is involved in all of this. And Toka.

And they have the ability to change in real time, to change a video to add or subtract people to a video so they can cover up for the criminal or they can incriminate somebody who is innocent. They can do that in real time. And, of course, they can also do it to archive footage. That's where this is headed. I mean, this is, government should never have this kind of power. One of the things that America was founded on was to make sure there were certain things that government did not have the power to do. You can't allow them to have that tool in their hand. And this is one of them.

By the way, I just did an interview with the judge. It'll be going up tonight on Gerald Salenti or the Transjournal site about this. And the facts that he puts out are, You know, there's nobody that I know that knows the Constitution and Bill of Rights better than Judge Napolitano. And I was a Supreme Court judge back in his day back in New Jersey. He goes, privacy is not a privilege granted by government. It is an aspect of personal liberty that government exists to protect. It's a natural human right protected from the government in the bill of rights.

The fact that a person leaves his home and tries to try to be. travels upon a public road does not mean that he has surrendered that right. So he's saying what they're doing is a negation of liberty. Oh, absolutely. And it should be stopped. And, you know, when you talk about that in the Bill of Rights, right, everybody will say, well, the Fourth Amendment says you've got to get a warrant. No, the Fourth Amendment, as you just point out, is really about what Judge Napolitano

point out. It's really about privacy. The fact that we should be secure in our person and in our papers. But, of course, nobody uses papers anymore. We've got a paperless society. So we don't have any privacy, right? That's what they want to say. But it is fundamentally, the Fourth Amendment,

and we need to drive this home, it's not about a procedure to get a warrant. It's fundamentally about your privacy and your right to be left alone. Yep. He goes on. A free society doesn't just protect people from crime. It protects them from arbitrary government.

The presumption is liberal. government is the negation of liberty. A person should not have to establish his innocence before the government leaves him alone. The burden always belongs to the government to justify all intrusions into personal liberty. Police cameras reverse that principle. They collect information about everyone the camera views and leave it to the individuals to challenge the collections afterward. The Constitution requires articulable suspicions connecting the person being surveilled to a legitimate law enforcement objective to justify public surveillance.

A vague assertion that the technology might someday help solve a crime or enhanced public safety does not meet that standard. You're absolutely right. Yeah, that's perfect. I like what he had to say. I'm 100%. So the whole article is in the Trends Journal. And again, it comes out tonight.

the podcast I did. And there was an article. Yeah, people need to see that. And pass that long. The surveillance state, the surveillance state of America, another article, this is in arstechnia.com.

And it's a very, very important article. It begins with, imagine that you share a ride to work with the same colleague most mornings as it passes by a licensed plate reader, the camera records the car, which can be linked through vehicle records to the

registered owner. Beside it, another segment detect signals broadcast by devices traveling nearby, such as your phone and your colleague's smartwatch. And it just keeps going on. So then there's a crime and then they have a geolocation search warrant, right? And they find this crime is there. and you are attached to that car. So maybe they find that car

and they find the other person and make an assumption that you are a part of that as well. And you were talking about what AI is doing. This is, trends are born. They grow. They mature. Reach old age and die.

AI is an infant. Yeah. It's only born to the public, what, four years ago, 2022. Yeah. Now, you and I are old enough to remember the beginning of the Internet Revolution.

When you had to put the discs in the thing to get your computer going and you couldn't see pictures, people would move like this. Yeah. Oh, yeah. There were no such things as Zoom or any of that. That we are at the beginning of the Internet Revolution with the AI.

This thing is going to, love it, hate it, want it, don't want it, not the issue, it's what is. And it's going to be taking over the world in so many different ways. That's right. From robotics to on and on self-driving automobiles, go keep going through the list.

And it's going to wipe out hundreds of millions of jobs. And it's going to dumb down the people. They're not going to read anymore. They're not going to write anymore. They're not going to speak anymore. AI will do it for. I agree. Yeah.

As a matter of fact, there was an article I just saw yesterday. about concern within the medical community. They said, well, you know, the students, medical students are turning to AI to help them with diagnosis. They're not learning how to do it themselves. They're getting dumber and more reliant on the AI. And it's like, well, yeah, if you really know how the medical profession works anyway, these guys long ago turn themselves into a human bot for pharmaceutical companies. You go in and they do a diagnosis and then go to a lookup table and say,

okay, so here's the pill you take for that. And so they've kind of gone down that road by themselves for quite a while now. So they're very easily replaced by a computer that can actually do the lookup code, but also do the diagnosis. The thing that they found that I thought was most interesting about that, Gerald, was the fact they said the general large language models like chat GPT and these others, they said they were better at doing medical diagnosis than the purpose-built AI was at doing medical diagnosis. And I thought, well, that's kind of interesting.

why would that be? And as I thought about it, I thought, well, perhaps it's because maybe they purposely wanted to make this thing skewed in a particular direction, right? And so if you've got something that is purpose built for diagnosis, I imagine there's some financial interest in there. They're going to try to push it to one particular condition or another so they can then push a preferred drug or another. That's just my conspiratorial take on all that. But you know, When you look at this stuff, the idea that we are guilty and have to prove our innocence, that is something that we have seen a long progression of this. I talk about it the longest time, the first time we saw that was really the IRS.

They were kind of a law under themselves, and they could accuse you of something, and you'd have to try to prove your innocence in that. But then we got the war on drugs, and we got civil asset forfeiture where they confiscate property from people without even charging them with a crime, let alone finding them be guilty. And so now here we are. This is coming to the local police department now from the federal government. It's a trickle-down tyranny. And now everybody is going to be guilty until you prove your innocence. All right, welcome back. And we were talking to Gerald Slenty of Trends Journal. And you find that at trendsjournal.com, an excellent publication. And you can save

10% off with the code night. We were just talking about this metastasizing cancer of the police state, and it's been a long-term project, I think, of the federal government. And now the rubber is really meeting the road, literally with these flock cameras spying on people. It's just the beginning of something that I think is going to be horrific if we'd let this be put into place. You know, it's interesting, Joe, we've got... Excuse me, I just want to stop there.

If we let this, if we let it, if we don't resist it. They do anything we want. They do anything. We don't have any rights. Yeah, I agree. There's no representative form of government. They don't even tell people, but they're going to put these things in. They just surprised with it.

We have no choice. They take us to war. People don't stop it. So the if doesn't count. It is. Well, I will say this. When I look at this issue, I think it's a very, very serious issue. And I think a lot of people are opposing it on the most, on the tip of the iceberg that they see.

This is going to raise our electricity rates. It's going to use our waters. going to be horrific noise pollution or look at the amount of land that this is taking and so forth. So those types of issues are grabbing a lot of people who don't see the long-term trend of this and how it's going to be used for a surveillance state. But there are some people who see that as well. And there are a lot of people who are pushing back on it for a variety of reasons. And you've got people on both the left and the right who are very angry about this. And this is an opportunity for people to come together on a common cause that they really care about.

because a lot of people see this as affecting their home, affecting their pocketbook. They don't typically get it when it comes to liberty. But when it comes to those two things, most people you can get them on board. And so it's an opportunity to bring people together. And I'm seeing, I talked about this yesterday, I'm seeing a lot of pushback from people trying to make it a partisan issue. They're coming in and saying, well, you know, it's those lefty, Democrat, socialists, and they're the ones who want to shut down all industry.

And we Republicans want to have industry. and we hate these communist socialists. So you should applaud these data centers and whatever they're used for. So they're already pushing back on that. The data centers are one thing, you know, because of what the damage that they do cause. But the surveillance state is a different one.

Here, this is again in the article. When 7,000 American police departments have these systems with no legislative approval, we have the police making policy judgments. They're deciding that the government, government should possess a new capacity to observe innocent people, what information should be collected, how long it should be retained, who should have access to it, and what purposes may justify searches. All this irrespect of the Constitution. Again, 7,000 have it already.

They bought these cameras, didn't ask the state, the city to do it. They bought them on their own. So the AI is one thing with the data centers in this, but this surveillance state, it's the future of the world as I see it. Yeah. Oh, I agree. I agree. And that's a very important point.

That's still a judge of Politano's op-ed piece that you read from. Yeah. Yeah. It's in the trend. That's another good point that he made. This is a policy, a massive policy change that's being done by these police departments. It's not something's being, conducted by the government. The government is passively setting by and letting this happen. So many times

we have seen this type of thing happening, especially when you look at the censorship on social media, or you look at the debanking of people, right? And they say, well, that's a private corporation. They can do whatever they want. And that's a big part of how they're rolling this out in America. In China, they just say, well, we want to have a police surveillance state, so we're going to have it, but here they have to come up with the idea that, well, this really isn't the government, even though it is, even though they are encouraging them to do this, even though they are paying them to do this. They say it's not us.

It's the corporations that are doing this. And then what they're doing is they're putting together these, the door cameras that people have on their homes. They're collecting every kind of camera that is out there, putting it on their network and connecting it at the same time. And then when people say, we don't want that, and they go, well, you know, this individual with her home or this business wanted to have a surveillance camera there. So they contact us.

We put it there. and it just becomes part of our network. Again, this is just going to keep escalating and escalating. And again, it's, you know, you talk about the government, what they do. And remember there's a thing called Prohibition? I mean, look what they did, do that kind of crap. You can't drink alcohol. Yeah.

I mean, you know, they make up any garbage that they want. Yeah. The COVID war. You know, it's surveillance state. you talk about China, when during COVID, with that three years of zero COVID policy, they, you could, they, they were, you were totally surveilled.

They knew everything you were doing. And if you did what they didn't want you to do, you'd get punished for it. And by the way, China destroyed their economy with that three years of lockdown. The real estate trends are born, they grow, they mature, reach, old age and die. After Bill Clinton brought them into the world trade

organization 25 years ago and all the corp many of the western corporations went there the economy boomed and they had a big housing boom some 30 percent of china's gross domestic product was from housing now they're in some 90 million vacant apartments because of the three years of zero COVID policy that destroyed the lives and livelihoods of hundreds of millions of the people, just like it destroyed the economy in America and in Europe. It didn't come back. It'll come back. Maybe you said it'll come back.

It didn't come back. I'm up here in the Hudson Valley. I call it Death Valley. Nine o'clock at night. Dead. Restaurants that used to serve at 10 o'clock. Now they stopped serving at nine. Everything changed.

So going back to China. and going back to AI, they're going to lead the world in it. They're China, there's going to be a dot-com bust in America. You're talking about AI. Most of the world is going to the China, Chinese ones.

They're cheaper, and they're as efficient or more efficient than the American AI. They've over-invested in these companies. That's right. And you're talking about the data centers that the trillions of dollars they're investing in these things?

Yeah. Yeah, just look at M-V-Dia. They just had this massive call for more corporate. There's an article that's the scaring people on Wall Street. It's like if this leading company is out there hawking everything. And this is one of the points. I talked to a state representative from Iowa last Friday. And she had seen this problem with the data centers and other things like that.

And she came out with some common sense legislation. And said, look, we want to have a state law that says when you're going to come in with this, you tell us what you're going to be doing in terms of how you're going to provide your electricity, how much water are you going to use and so forth, right? Just transparency about what you're going to do. There was absolutely no prohibitions or regulations involved in it, except just tell us what you're going to do. Google said, we're not going to tell you how much water we use. That's a proprietary issue.

They got that shut down. She said it passed easily out of committee, but then the leadership of the Republican Party shuts that down because they're controlled, right? Well, they're all controlled. That's right. If they were both sides of controlled. Yeah, that's right. Both sides of control. When you look at this, they won't even tell people what they're going to do with us.

That's a big red flag. But one of the other things that she said, the reason I brought it up, Gerald, was because you're talking about China is going to win on this thing. You look at Anthropic versus Deep Seek, which just came out. Anthropic, for the same thing, will charge you 100 times more. So they'll do something for three cents at Deep Seek that will cost you $3. with Anthropic. And so her point was, what happens?

Because not every one of these companies is going to win in this contest, right? You can have some winners and you can have some losers. What happens when they build these massive data centers? They destroy everything that was there before. They destroy the community. They destroy the farmland and so forth. What happens when they go out of business? What's the next big rust belt going to look like when these AI companies go out of business?

And that's just a part of it. Look at what happens to the stock market. Again, we believe, we are for, forecasting the market crash could happen by the end of October. This thing is way overvalued. It's a joke. The big zone at all. People are gambling in it.

And again, you just made the point about the difference between Deep Seek and the other one and how cheap it is. And again, you look at the data. The world is using the Chinese. And again, this trend is. has just been born. It's going to go way, way, way beyond it. You know, I also want to talk about the, when, by the way, when the markets crash,

that's going to bring the reality of how bad the economy is in America. Yeah, yeah, you're right. There's no relationship between Wall Street and Main Street. Again, 1% on 54% of the equity markets. You put the 10%, 93%. Well, 10% of Americans are responsible for something like 50% of all the spending in America. 10%.

You look at the, there's an article in this week's Trends Journal about the sales going down in McDonald's. And we write about it because of who their customers are. and it's the lower middle class you're going broke that's right and it isn't that they've gone on a health trend they're not aware of what's going on

a McDonald's they just can't afford it anymore right homeowners association foreclosures sore U.S. lumber prices are at the highest in four years McDonald's sales growth slowed in second quarter again we just put this in information in here to show how bad it is. And then you got some arrogant piece of crap

worth about $700 million. The guy that's our Treasury Secretary. Oh, yeah. Besson. Scott Bessett. He came out last week and he said, I can say here definitely, the case-shaped economy

is over. Yeah, right. Yeah, this is a guy who, and you talk about Scott Besant. This is a guy that Maga would typically hate. He was Soros's right-hand man to break the bank of England, right? Why does Maga defend this guy and like this guy? Not only that, but, you know, he's got a homosexual marriage and they've adopted kids and so forth, but the conservatives don't see any of that.

They've got their blinders on for everything about that. criticize them for being so that would be fatal uh issue for anybody else other than someone who's appointed by don't trump yep so that's slime ball who spews out this crap this is from cnbc yesterday credit card debt climbs to 1.26 trillion dollars you ready as case shape divide persists New York Fed

researchers find hey hey Bessett New York the Fed researchers are full of

crap they say there's a case shaped economy because of the facts

this is the same arrogant slime ball who keeps trying to rig the markets

with his crap that you're ready again it's your economic update

He also squawked on CNBC last Tuesday that there was a deal, Tuesday or Wednesday to open up the straight of removes. Yeah. We are in talks now with the Iranians. And they repeat that on Friday. They were not in talks with the Iranians. You're lying piece of scum. The Iranian said you weren't in talks.

Shut up, Solentie. I'm a million. I'm a million. Yeah, that to you, Jack. Let me go on. This is a scum. Skewing out of his scum's mouth. There's a chance we may have a deal today or tomorrow to open up the straight

and move towards a more normalized position in the conflict. A fat boy, a fat mouth, rather. It ain't a conflict. It's a war. Yeah. That's right. The best in BS worked. You ready?

CNBC noted that U.S. crude oil futures, you ready, fell nearly 6% after his statement, trading below $76 a barrel. Well, he keeps making these statements, and Wall Street keeps buying into the lies from Besson. No, it's not Wall Street. It's the entire country, and they get away with these lie after lie after lie. Here, this is adepiccense fat mouth again. March 30th. He told Fox News,

the U.S. is going to retake control of the straight. May 1st, posted on X, the United States has complete control of the straight or amuse. May 4th told Fox News, the Iranians do not have control of the straight. We have absolute control of the straight. Yeah, yeah. June 22nd,

posted on X, you ready? Under President Donald Trump and Vice President J.D. Vance, we continue to make the world safer and more prosperous. Iran has committed to free and open transit in the state of her moves.

Total lie. Yeah. Iran does not agree to that, you're lying. Yeah. S.O.B. They lie about everything, don't they? lie after lie after lie after lie well here's the truth uh gerald this is from dg8 he said david and gerald gas in ohio jumped 70 cents overnight don't you love the great trump economy

and the golden age that's the reality that's out there but these guys don't really care about what reality is i mean they how many times has trump won the war in his own mind and said that You've talked about that, how he does that over and over again, you know, ramping it up, we're going to get tough with them, you know, during the week. And then over the weekend, he pulls it back so the stock market recovers on Monday. And it just keeps working. And they gamble on the market. And here, you know, this just came out from the Times of Israel before we went on the air.

Trump declares U.S. will maintain blockade of Iran ports, has total control over her moves. Quote, this Trump. The USA has total control of the Strait of Moos, and this is now in all caps. I think we will keep it, exclamation point, then the end of all caps. Our naval blockade is being called by everyone a wall of steel in all caps. Everyone's calling it that, right? Yeah. And there's nothing Iran can prove about it.

S-T-E-L, right? What? S-T-E-L, right? A wall of steel. Yeah, you've got it. You ready? Yeah. They have no Navy.

They have no Air Force. Their remaining soldiers are unpaid. The IRGC is decimated and fleeing. And their leadership is uncertain at best. We heard that many times. They have no money. Their country is shot. Yeah.

How many times will we heard that narrative? You know, I opened up the program, Gerald, with a report that's come out from Washington Post and been confirmed by the journalists who were on the plane about how when Trump was coming back from the NATO summit in Turkey, he was concerned about being attacked. So they had the Secret Service tell all the reporters and all the White House staff even, close the shades on all your windows, right? They didn't want them to see what was happening.

What was happening was Trump was sneaking out of the plane, got on a catering truck. And he and Hegseth, these guys that tell us the Iranian. have no missiles. They have nothing that they can shoot with. These two guys got on a third plane and flew to England. So they used the reporters and the White House staff as decoys. And isn't this a perfect picture of the Trump regime? Lies and deception and putting other people in harm's way for their own failed decisions while they pretend that they are in absolute control. He's out there playing golf with a massive battery of anti-missiles and air defense while he's got planes circling over the golf course, shutting it down into a no-fly zone while he's playing

golf. Did you see the cover of this week's Trends Journal? Yeah, pull that up, Travis. Zoom in on it. There we go. Yeah, the Joker's wild. He is a Joker, isn't he? And he is as destructive and is hell bent on destroying things as the Joker was in the movie,

isn't he? Yep. He writes, he all could go to this again. This is from today. Trump said, quote, all they have is in caps, fake news and 300% inflation and getting worse. Iranis all talk, no action. The bully of the Middle East is no longer a bully.

Praise be to Allah. Yeah. You're losing the war. Yeah. America's lost the war. Yeah. The numbers that are coming out, it's cost, we the taxpayers, the war has cost about $130 billion

because of the destruction that Iran has caused in blowing up U.S. military bases throughout the Middle East, its equipment, the structures, the numbers, and all the other money spent with the war, the numbers are now I'm seeing between $130 to $150 billion. Yeah, and Hickset is lying,

under oath, telling them it's about a quarter of that. Yeah. Yeah. Truly is amazing what these people can get away with. You don't see one picture, not one photo of the destruction caused by Iran. That's right. That's right. Not one.

At the very beginning of this, Scott Ritter and retired Colonel McGregor were both pointing out exactly what was happening. And, you know, you've got, I've talked about it many times that's a professor out of University of Chicago. His name is Robert Pape. wrote a book called bombing to win, where he looked at this fantasy of America and being, America being able to win wars with their power that was kind of born out of World War II. And he said, when you start bombing civilian populations like Trump says, well, civilization is going to end tonight, when you start doing that type of thing, what you do is just the opposite of regime change.

What you do is you drive people to that regime for protection, even if that regime is the Ayatollahs. And it is a losing strategy. He said the winning strategy is what the Iranians were doing from the very beginning, and that is targeting the eyes and ears of these anti, these defensive missile systems and targeting the military bases. Now, that's what they were doing. Yep. And again, we've been writing about this for decades.

There's no way you're going to beat the Iranians. If you couldn't beat the Vietnamese, oh, you lost the Viet, the Korean War. Oh, no, we made an agreement. Yeah, I forgot. Yeah, it's North Korea. There's a North Korea now, right? You couldn't win that one. And they basically bombed it into Gaza.

You couldn't do Vietnam, third world country. Iraq, you couldn't beat another third world country. You couldn't beat the Afghans, another third world country, longest war in American history, 20 years. What makes you think you're going to beat the Persians that are very advanced scientifically, technologically, and militarily? Yes. And you've got a lot of people making the case, Gerald,

that this is different than Vietnam. Everybody interested Vietnam was a defeat by the government. But they didn't see it as a powerless America, right? They still respected America's power. What Trump has done with this war is he's basically ending the idea that America can protect other countries, that America can be the peacekeeper and the world's policemen, especially in the Middle East, which in the long term, I think, is a positive thing, course, is going to have a lot of repercussions in terms of our position in the world, and it's going to be something that's going to cost Americans even more,

because we have been profiting off of this fiction of American hegemony. And now people have looked at it and said, this is a paper tiger. Again, the business of America is war and the business of China's business. China's leading the world, not only in AI, who's the biggest EV developer? China's got the world EVs. who's got the best batteries, who has the best clean energy and alternative energy. The list keeps going on. And look at what Trump's response says to that.

He says, well, we're not going to allow you to buy Chinese EVs. And yet he allowed somebody took a picture of a parking lot of Waymo, and they've been able to buy these cheap Chinese electric vehicles by the hundreds or thousands, right? But you as an individual are not allowed to have a cheap EV. No. Again, you got to put the trends, where we are, tracking trends is understanding where we are

and how we got here to see where we're going. So let's go back again to slick Willie Clinton bringing China into the World Trade Organization. 25 years ago, there were third world country. The Western manufacturers gave China all the heavy industry and high technology that they never had.

and now these are 1.4 billion of them. They're very intelligent people. They don't need the West anymore. You look at the numbers about how General Motors and Ford and Volkswagen and BMW and Porsche, how they were making all this one company after another, the luxury items that they were all flooding into China. And the Chinese people, as they had these jobs, they kept buying more and more things.

not anymore they don't need you anymore they're making it on their own and of course not only did they give them the technology transfer but they also gave them in 2015 when they came with this Paris climate accord thing they gave them a tremendous advantage in terms of the cost of energy right so everybody else had to start playing this fantasy game which they just threw out the window with the data centers right so you can't use any energy right all of a sudden they did a quick 180 on that didn't they But you can't use any of this energy, but China can. They can build as many of these power plants as they want. They can be as dirty as they want.

So it gave them a tremendous advantage, cost advantage in terms of manufacturing, which is very energy intensive. You know, this AI bubble that we talk about all the time, it's one of these things. It really has cushioned the economy, cushioned the stock market. But I think, Gerald, we're going to find out it's a whoopee cushion. And it's going to pop pretty soon, I think. This is going to be greater than the 1929 market crash. Yeah. Yeah.

I'm afraid so. You've been saying for the longest time it's going to be dragflation, not stagflation of the 70s. Right. And that was even before Trump recreated the oil embargo. And again, they're doing every, now as we went on the air, Brent crude, again, when the lying beset,

spewed out the crap last week. It was $876. Now it's $88 a barrel for Brent crude. And what do we have now? What's the average price of gasoline in America? It's a little over $4 a gallon.

Mm-hmm. Yeah. But go back to February 24th, four days before Trump and Netanyahu launched the war and Trump's state of the union address. Hey, hey! Because of me, the gas in America, in most states, $2.30.

Remember that crap? Yeah. A lie, another Trump lie, it was $2.91. Okay. You mean, back in February, a gallon of gas was $2.91? And now we're paying $4 for it? Yeah. Yeah, the problem is that Trump is such a liar that he's starting to believe his own lies.

He's really living in a fantasy world, yeah. Again, it's the presidential reality show. Yeah, I agree. It's one lie after another that he keeps getting away with and how he keeps saying about, you know, yeah. Real quickly, because we're about run out of time. Gold. Talk a little bit about gold. What do you see happening with gold?

Gold, when I went on the air, it was up about $60 to $4,000, about $226.2,000. an ounce. I would have never thought it went down from the 5500 where it hit this hot, low. And it's the Iran war that made that happen. You look at countries like Russia selling over 44 tons of gold, Mexico, Turkey, one after another, because of the high costs of the energy, the debt levels going up. And a lot of sales in the private equity group, the people investing there that can't get their money out, they started selling gold. Anyway, I'm very bullish on it. And again, I don't give financial advice.

To me, you buy it and you put it away. I've started buying gold at $166 an ounce back in the late 70s. You buy it and put it away. That's when I became, it's in my book, Trend Tracking, far better than Megatrends, Time magazine. And so we're talking about how the world is getting to hate America's hegemony. It's going to be the death of the dollar. The debt level is the real debt level, according to Fortune Magazine, is about $126 trillion, not $40 trillion. When you put in Social Security and all the other government things, with interest rates so high as they are, you've got to pay more on the debt.

So they're going to do everything they can. and I believe that they're going to pull off something like, we went to Fort Knox and we have more gold than we ever thought. And we just raised the price of gold to $5,000 an ounce. We just got rid of our debt level. And you're not allowed to look to see what's really there. No, you know. So they can make that announcement and nobody can see or audit the Fort Knox stuff.

They can just say whatever they want. So I'm bullish on it because it's a precious metal and it's a safe haven asset. That's right. And this is, to me, this is the, this is a safe haven asset time. And you understood long ago the, the advantage of dollar cost averaging and buying a little bit of this at a time and converting the fiat to reality. And that's really what we're talking about when people buy gold. It's taking the long-term approach. Gerald, thank you so much for joining us again. Geraldelselentie, Trendsjournal.com. Save 10% with a code night. Thank you, Gerald. Appreciate it. Thank you.

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