What this covers
I’ve asked outspoken, world-renowned trend forecaster Gerald Celente to share his latest research findings on how the world is going to shift radically over the next 18 months - and most of all, how you make extreme profits from it.
If you thought that 2020 was a difficult year, the signs are pointing toward 2021 being very bleak.
While a more serious crisis has been averted for the time being, the new world is characterized by weaker economies, growing uncertainty, businesses shutting down never to re-open, increased restrictions, and more market volatility.
This new post-pandemic reality is forcing us to rethink our future and investment strategies.
#postpandemic #economicforecast #marketpredictions #stockmarketcrash #geraldcelente
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Celente argues that governments have exploited the pandemic to consolidate power and wealth, suppress freedoms through vaccination passports and surveillance, and artificially prop up overvalued equity markets that will inevitably crash, transferring wealth from the middle class to billionaires while ushering in digital currency control systems.
- Pandemic response has been disproportionate to actual mortality data and driven by political power consolidation, not health necessity
- Lockdowns destroyed small businesses while protecting large corporations, accelerating wealth concentration into mega-corporations
- Central banks and governments are artificially inflating equity markets through unprecedented money printing, creating an unsustainable bubble that will crash when rates rise or a catalyst event occurs
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Anti-trust laws and regulations that protected small businesses from mega-corporation consolidation have been eliminated through deregulation; Glass-Steagall Act repeal (1999) and Telecommunications Act (1996) enabled banks and media companies to consolidate into handful of mega-corporations
“what you used to have laws in the united states who call anti-trust laws anti-trust acts drops the patent acts german anti-trust clayton anti-trust then of course the glass-steagall act about the banks so when i was a kid or you know there were local banks all over whatever city you lived they had local banks and then they started deregulating the industry now you have you know a handful of banks own the whole deal when i was a kid there were thousands of radio and tv stations now you have six companies that control over 90 percent that's bill clinton's 1996 federal communications act and also the 1999 end of the glass-steagall act”
United States military spending and wars have devastated the nation's economy and diverted resources; President Eisenhower's 1961 farewell address warned that the military-industrial complex was robbing the nation of scientific genius, workers' productivity, and children's future, and this warning proved prophetic
“there was this guy his name was dwight d eisenhower he was only a five-star general and supreme commander of the allied forces during world war ii he hated war of course two-term repo two-term president in the united states anybody could google it up 17 1961 three days before he's leaving office he gives the nation his farewell address and what does general dwight d eisenhower warn he warns the american people that the military industrial complex is robbing the nation of the genius of the scientists the sweat of the laborers and the future of the children”
Lockdowns were selectively enforced to destroy small businesses while protecting large corporations, deliberately concentrating wealth; small businesses in Ontario faced closure orders while Walmart, Costco, and big chain stores remained open as 'essential businesses'
“i'm the governor i'm going to make up anything i want you could go to walmart you could go to costco you could go to you could go to all the big chains there's no social distancing there's no capacity limitations they're essential businesses you the small people out there you're non-essential close-up i'll tell you when you can open up again”
Digital currencies will become universal globally as the 21st century currency standard; digital systems enable complete government and corporate surveillance and control of every financial transaction, amount, timing, and recipient
“everybody's gonna go digital as we see it for two reasons reason number one is when the thing crashes they're gonna make up they're gonna invent a new currency as we see it and again the people won't care just as they march off to wars and believe everything there's fed they'll believe this too and you don't want to use that dirty cash now we have digital clean digital trash all you do is put your thing up but more than that now they know every penny that you spent where you spent it how you spent and who you spent it there's no leaving that tip in cash there's none of that”
Commercial real estate will collapse due to permanent shift in workplace; office occupancy in New York City dropped to 14% as workers adopted remote work and people hate commuting; pre-pandemic Manhattan already had massive overbuilding with 5th Avenue, Madison Avenue, Park Avenue West Village having ubiquitous vacancy signs
“i believe there's going to be commercial real estate's going to dive it's a new world i mean you're looking at an office occupancy rate in in new york city at 14 percent and they people are i mean they hate commuting who wants to drive you know an hour and a half each way three hours a day or whatever and so they're working at home they're not going to be they're going to go back to work but not as much so now what's going to happen to all the it was over built before by the way manhattan before in 2019 whether it was 5th avenue madison avenue park avenue west village for rent for rent for rent for rent for rent for rent signs in 2019”
China acquired global strategic assets and power through Belt and Road Initiative, including major port purchases around the world; the largest pork company in America (Smithfield Foods) is now owned by Chinese interests
“again it's one after another with what they're doing with their belt and road initiative and again it's on stall right now but look at all the ports that they brought up bought around the world and the deals the biggest pork company smith's pork in in america is owned by the chinese so i mean they and again it's one after another”
Federal Reserve injected $7 trillion into repo market between September 2019 and January 2020; central banks globally injected $29 trillion into markets between 2007 and 2010; this money is created artificially and does not represent real economic value or wealth creation
“let's go back to september 2019 and all of a sudden we're hearing about the federal reserve dumping in what how many hundreds of billions into the repo market what's a repo market never heard of that before oh you mean a place where they could borrow money cheap so they could gamble and whether they pump in between 2000 september to um to january 2020 seven trillion dollars oh what did the federal reserve dump into the markets banks around the world from 2007 to 2010 well according to the leaving institute at bard college only 29 trillion dollars”
Emerging market currencies weaken dramatically when US dollar strengthens because their debt is denominated in dollars; this creates debt crises where they need more of their local currency to pay dollar obligations
“look what's going on in the emerging markets i mean emerging markets their debts dollar debt so it's based on the dollars the higher the dollar goes they need more of their currencies to pay their debt they're in trouble now”
Turkey's experience with interest rate raising shows consequences of exiting stimulus policies; when Turkey raised rates, currency collapsed to all-time lows and central bank leadership lost power, showing political constraints on rate increases
“look at turkey there's your example look at interest rates look at the leader look where they try to raise them and and look what happened to the central banker puppies gone and now with the leo is just it's an all-time low”
NAFTA and China's entry into World Trade Organization caused massive manufacturing job losses in United States and Europe; Western companies transferred manufacturing and high-tech knowledge to China through required partnerships, allowing China to become technological and industrial powerhouse
“bill clinton becoming president first with nafta and taking our jobs out and bringing him down to mexico and then with bringing china into the world trade organization signed by the way officially two days two weeks after 9 11 in 2001. so what do you look at china's gross domestic product from the 1970s to 2001 and it shoots up it shoots straight up so the europeans the americans they took the manufacturing both from heavy industry and high tech china couldn't make stuff they brought it all over there you can only become a 49 partner you're a minor partner here but you have to make your stuff here and now china has all the technology they have all the industry industrial knowledge that they need”
Artificial money created by central banks is not real money that can be counted; it is 'made up stuff' created through electronic ledger entries that prop up asset prices without corresponding economic production or wealth creation
“this isn't real money it's not like okay here's 29 trillion count it you know you know this is all made up stuff”
Housing prices in America, particularly Kingston NY, have risen 18.1% according to Bloomberg, which is the highest rate of any region; housing prices are deliberately excluded from Consumer Price Index calculations to keep interest rates low and reduce social security payment increases
“the housing prices in america where i am over here in kingston they went up the highest according to bloomberg of anywhere else in the country they're up 18.1 do you know housing prices are not put into the consumer price index yes and so are not a lot of other things again they rigged that during the clinton administration and so they could keep interest rates low and number two so that social security doesn't have to pay you more money because it's tied to inflation rates”
Bitcoin could potentially reach $100,000 and higher, but Trends Journal is also forecasting that central banks will move to shut down and ban Bitcoin and other cryptocurrencies due to competitive threat and loss of control
“and now we were saying people ask how it could go it could go to 100 000. it could go higher however we've been saying continually that the central banks are not going to want competition and they are going to do everything to stop digital currencies”
Central banks will continue buying gold as reserve currency backing their digital currency systems; gold will remain foundation of reserve currencies for centuries, unlike cryptocurrencies which are competitive threat
“and gold again you know the central banks are going to keep buying reserve currencies uh using it as the as the currency to back up their digital nothing money and i i still see gold being the foundation of what it is for centuries and not going anywhere”
Immigration problems and political unrest will intensify as people flee troubled regions; protests in India, France, Lebanon, Bolivia, Chile, Peru, South Africa throughout 2019 preceded COVID-19 lockdowns, indicating underlying economic instability
“go back to 2019. there were protests going on in india there were protests going on in france and in in lebanon and in in bolivian chile and peru they're going on of south africa all over the world how many quarters of of declining gdp growth were there in india leading up to the coveted war in 2020”
The US dollar will collapse when a geopolitical wild card event causes removal of the petrodollar status; the dollar will follow the same decline path as the British pound after World War One when reserve currency status transferred to the dollar
“we see the united states in the same place as the uk after world war one when the pounds started slipping out and the dollar started moving in and we believe that the dollar once it once something happens a wild card event and they pull the dollar for example off the petrol dollar that's when you're going to see the death of the dollar”
The 21st century is the Chinese century, not the American century; China will replace the United States as global superpower because China's business is business while America's business is war, and China acquired manufacturing, technology, and industrial knowledge through strategic partnerships with Western companies
“one of our top trends for 2021 was china 21st century the 20th century was the american century the 21st century is going to be the chinese century the business of america has been war the business of china is business”
Real inflation rates are approximately 3x higher than official CPI figures according to Shadow Stats calculations; unemployment rates are more than triple official figures when alternative measurements are used
“so the real inflation rates i go to shadow stats i mean you look at his shadow the unemployment rates in the and they did triple what double more than triple what we have over here”
Pandemic has caused massive transfer of wealth from middle class to billionaires; 150 million people have been thrown into poverty while billionaires became richer; top 1% holds 15 times more wealth than bottom 50%, and three people (Bill Gates, Jeff Bezos, Warren Buffett) own more wealth than half of US population (160 million Americans)
“this pandemic has thrown around 150 million people into poverty now interesting stat here talking about this wealth gap that's going on the top one percent of you u.s households hold 15 times more wealth than the bottom 50 percent combined which is uh staggering in fact bill gates bezos and warren buffett hold more than half have more wealth than half of the population of the united states combined so more than 160 million americans three people”
CEO pay has increased dramatically during the pandemic in year of vast upheaval; this represents continued consolidation of wealth to corporate leadership while workers lose jobs
“today's wall street journal front page ceo pay climbs in year of vast upheaval that's it it's the consolidation of businesses look at the merger and acquisition activity that's going on it's still escalating so the bigs are getting bigger”
Building materials, particularly lumber, have cost 24,000 dollars more per house in United States as of discussion date; all commodity prices are rising significantly across materials needed for electric vehicles, housing, and other production
“in everyone's concern to build a house by the way in the united states average house costs 24 000 more just in lumber just in lumber and now you're looking at all the commodity prices going up we're so many of them so whether it's for the electric vehicles or housing for whatever it might be so inflation”
Vaccine passports represent a loss of freedom and surveillance state control, not a public health measure; they enable governments and corporations to track every transaction and citizen movement
“they're pushing through operation warped speed yes so to me you know it's warped and you now you're hearing from uh netanyahu in israel that they're talking about a vaccination every year so again you know this is people are fearful and again we wrote about this in detail the media was the first to sell this their ratings were going into the toilet in 2000 and um early 2020”
The core theme connecting all government policies during pandemic is control: control through vaccine passports, control through digital currencies, control through surveillance of all transactions and citizen movements
“the way we track trends is we call it a global nomics system making connections between different fields control how did we start the conversation we started talking about covert and the politicians control i'm in control i'm your governor i'm your senate i'm your premier i'm your president i'm your prime minister control it's control yeah free gun control yeah absolutely”
Approximately 74,000 small businesses in Ontario and over 100,000 restaurants in America have gone out of business due to lockdowns, while large corporations have consolidated market share and grown wealthier
“you're estimating oh what's the number here like some 74 000 small businesses in ontario going out of business you're looking at over a hundred thousand restaurants in america going out of business”
Inflation is the key wild card event that will trigger market crash because central banks cannot raise interest rates; when rates rise, stock market will collapse because artificial stimulus will need to be withdrawn
“so inflation to me is going to be the wild card because they cannot afford to raise interest rates when interest rates go up the stock market is going to go down”
Every government is pursuing unlimited money printing and artificial economic prop-up strategies; they will do 'anything, anything' to keep equity markets high because when equity markets crash, everyone realizes how bad the actual economy is
“they're going every government every government is going to print as much money as they can get away with to artificially prop this up they will do anything anything particularly to keep the equity markets higher because when the equity markets crash that'll be the end then everyone will realize how bad it is”
US dollar is paradoxically strong despite massive money printing because of structural factors; however weak dollar would accelerate inflation, creating policy dilemma where both strong and weak dollar outcomes are economically destructive
“and you know the yuan's gone down the euros gone down and again for good purposes the euro but the dollar should not be where it is considering all the cheap money they're dumping in so of course the lower the dollar gets the higher inflation goes”
Government pandemic response has been disproportionate to actual mortality risk; Canada had 23,000 deaths out of 38 million people over one year, Australia had 909 deaths out of 25 million people, and the average age of death in Canada was 88 with over 70% of deaths occurring in nursing homes, yet lockdown severity continued without scientific justification
“canada you have 23 000 deaths 38 million people over a course of a year 38 million people 23 000 deaths what do you have in australia you have about 25 million people 909 deaths...the average age is 88 over 70. in all of canada according to lancet eighty percent of the people die from nursing homes”
Central banks and governments use quantitative easing and zero/negative interest rate policies to artificially prop up markets; these are emergency tools used continuously beyond their intended scope, enabling unlimited money creation to prevent market crashes
“matter of fact you know i bought four historic buildings right here in kingston new york and one of the mortgage rates back then was 2.85 it was the bottom i didn't know if they didn't teach me anything about quantitative easing and zero and negative interest rate policy in economics 101 or graduate school they're money junkies they'll do anything to artificially prop this up”
Celente has successfully predicted major market crashes: called the 1987 crash, predicted dot-com bust in October 1999 issue saying it would collapse by Q2 2000 (it crashed in March 2000), and predicted 2008 crash though was wrong on 2012 timing estimate
“i got it wrong in the past i got a lot of them right i call the you know i'm on record the first guy to call the crash of 87 dot-com bust we you know a magazine in october 1999 we said it would bust by the second quarter of 2000 which it did in march and then the i took out the uh domain name panic of 08 in 2007”
Silver has no remaining stockpiles because used silver from electronics is discarded in dumps rather than recycled; increasing demand in renewable energy and technology will continue depleting silver supplies
“going back to silver unlike gold there's no there there's no stockpiles of silver after you use your computer your phone whatever you throw it out it's in the garbage it's in the dump the silver you're not picking it out and bringing it back so there's going and then as we're going more into alternative energies silver is the greatest conductor of electricity so there's going to be more and more of that used so i don't see any end to this”
India had seven consecutive quarters of declining GDP growth leading into 2020; Germany faced near-recession conditions in 2019 with fractional GDP growth; Japan also faced economic weakness pre-pandemic; central banks were artificially propping up these economies before COVID-19 hit
“how many quarters of of declining gdp growth were there in india leading up to the coveted war in 2020 i think there were like seven consecutive declining uh quarters in germany in in 2019 going into 2020 was was fractions of a way of going into recession before this happened japan and so that's what people are missing that it was ba it was going down before this happened and the central banks were artificially propping it up right”
Media pushed COVID-19 narrative because ratings were declining in early 2020; CNN director Jeff Zucker explicitly instructed staff to maintain focus on COVID coverage because it drove viewership and advertising revenue
“the media was the first to sell this their ratings were going into the toilet in 2000 and um early 2020 the big that nobody was paying any attention to it and we quoted jeff zucker from cnn telling his staff to stay on the covid it's really a lot of people are tuning in to watching it and now that's all the news”
Bitcoin and cryptocurrency are threats to government authority because they cannot be controlled or tracked by central authorities, unlike the digital currencies governments are developing which enable total surveillance
“so it's not like now you wouldn't be thinking a confiscation of gold right that's not really where you no i don't see that right but now they're focusing their attention on bitcoin because it's something that they can't track something that is in uh direct competition to what they're trying to achieve with their own digital currency”
Child recovery rate from COVID-19 is 99.997% according to the Centers for Disease Control and Prevention, and children do not transfer the virus when asymptomatic, yet children are still required to wear masks
“the recovery rate of a child again according to the centers of disease control and prevention who get the virus it's only 99.997 percent and they're showing that they don't transfer the virus when they're a symptomatic”
US national debt has reached $28 trillion, and only $220 billion of the $2 trillion infrastructure program is actually infrastructure spending; the remaining $1.78 trillion is being dumped into equity markets to artificially prop them up while China invests in real infrastructure
“the debt now in the united states is 28 trillion dollars...you look at that infrastructure program only 220 billion of that 2 trillion is really going into the infrastructure and then now let's go back to china look at china's infrastructure that's what they did by the way when the covid war was launched they put the money into small businesses in their infrastructure while the united states is dumping it into the equity markets and keeping those up artificially high”
Homicide rates are skyrocketing in major US cities; people are fleeing urban centers for suburbs and exurbs for two reasons: fear of virus transmission and fear of violence
“you're going to have blowback on this you know it's going to be kind of like an off with their heads kind of thing when people lose everything and have nothing left to lose they lose and they're losing a big time look at the homicide rates pop skyrocketing all over the united all over the big cities that's why people are leaving big cities by the way and going to uh suburbs and ex-burbs for two reasons one they're afraid of getting the virus and number two they're afraid of the violence going on”
Mask efficacy claims lack scientific foundation; WHO, New England Journal of Medicine, CDC, and Dr. Fauci all stated in March 2020 that masks were useless for disease prevention, and did not change their position until June 2020 without new scientific evidence
“the mask thing you go to the world trade health organization new england journal of medicine um centers of disease control and prevention and america's favorite guy the uh you know the expert the health expert dr fauci he was saying back in march these things are useless and so too did all of the agencies i just mentioned they didn't change that until last june”
CDC and FDA changed social distancing guidance from six feet to three feet and changed curfew times (midnight to 6am vs 10pm to 5pm) without scientific justification, suggesting policies were arbitrary political decisions rather than evidence-based
“the cdc said you had to be six feet away the centers of disease control and prevention well then they changed it let's make up a new number let's say three feet apart there's no scientific data in what they're doing”
The top 1% household wealth advantage over bottom 50% is 15x, and three individuals (Gates, Bezos, Buffett) control more wealth than 160 million Americans combined, representing extreme wealth concentration
“the top one percent of you u.s households hold 15 times more wealth than the bottom 50 percent combined which is uh staggering in fact bill gates bezos and warren buffett hold more than half have more wealth than half of the population of the united states combined so more than 160 million americans three people”
Oxfam estimates that 26 people have more wealth than half of the world's population combined, representing unprecedented global wealth concentration
“oxfam estimates that 26 people have more wealth in the world than half the world's population”
A new billionaire is created every 17 hours according to Forbes; during pandemic, 205 new billionaires were minted, with most coming from China through vaping and other industries
“here's the headline from forbes right off a new billionaire every 17 hours wow through the pandemic though the pandemic hit the world economy hard in many places this did not apply to the richest of the rich and they go on to say five of chinese new billionaires came to their riches through vaping on and on most of the newly minted billionaires 205 to be exact come from china”
Celente has been tracking cryptocurrency markets closely; Bitcoin broke out when it went over $10,000 solidly and Trends Journal predicted this in June 2020; Bitcoin has since risen to over $60,000 as of interview date
“go back to our trends journal last june 2020 we said bitcoin would break out when it went over solidly over 10 000. and now as we're speaking it's over 60 000.”
Central banks have announced intentions to crack down on cryptocurrency; CEO of top Bitcoin exchange warned of coming crackdown; Christine Lagarde (ECB head, former IMF) warned of government action against cryptocurrencies using money laundering justification
“they go and today just came out of cnbc ceo of top bitcoin exchange warns a crackdown on crypto currencies may be coming yeah so we've been saying this and saying it over and over again and here it is just came out and of course there you heard christine lagarde the former head of the international monetary fund and now head of the european central bank warning you know that um you know there's this they were never doing this before by the way money laundering never existed it's just now it's just gonna happen because of crypto currencies and we have to stop it”
Indian government is implementing first moves to regulate Bitcoin by requiring companies to disclose virtual currency dealings in balance sheets; this regulatory action is beginning to catch on globally
“the fact that the indian government is now making their first move to regulate bitcoin and cryptocurrencies making it mandatory for all companies in the country to disclose their dealings in virtual currencies in their balance sheet”
Political leaders are motivated primarily by personal power accumulation rather than public service; the political system is 'nothing more than the people you hated in high school and college that would do anything to become class president' and maintains this mentality into governance
“the political system is nothing more than the people you hated in high school and college that would do anything to become class president or head of the student council and we're still in high school and that's still the attitude that they have”
Economic bounce-back from pandemic is artificial and unsustainable; job recovery won't occur until 2024 according to World Bank but they ignore need to create new jobs; money is being dumped into economy artificially but without real productivity gains or employment growth
“you're looking at the numbers we talked about it the rich have gotten richer it's going to go down a lot of places but the immigration problems you haven't seen anything yet...you're looking at the numbers we talked about it the rich have gotten richer it's going to go down a lot of places...it's not going to come back in the um commercial sector we don't see it in many of the big cities”
Residential real estate will remain strong; people are buying homes sight-unseen in new locations for tax purposes and lifestyle preferences without visiting; millennial home buying participation increased; current residential boom is unprecedented and unlike 2000s speculative bubble because buyers have solid income and mortgages are not junk/subprime
“i see this boom that happened where people this is unprecedented and people are moving up without seeing anything they're moving to places where they want to get to for either tax purposes or get away to other areas without even seeing the places they're buying a sight unseen so millennials now were buying and they weren't before number two when you went to the real estate boom back in the early 2000s it was speculative and you had the the junk you know the uh subprime mortgages you had that whole thing going on that's not going on this time you have to have you know you got to be making money to buy it yes and and and people are buying them they're not more than speculating in them again this is unprecedented so i don't see those going down”
Recovery rates from COVID-19 depend on which source you consult, ranging from 99.7% to 99.8% or 98% according to different data sources; there is variation in reported recovery statistics
“you look at the recovery rates depending on whose numbers you look at it's either 99.7 90 99.8 percent or recovery rate of 98”
People infected with COVID-19 had average pre-existing comorbidities of 2.4 conditions, indicating disease predominantly affects those with underlying health problems rather than general population
“the people that are dying have 2.4 pre-existing comorbidities and and the elderly that are better”
Midtown New York City is now a 'dead town' with dramatic decline in activity and foot traffic compared to pre-pandemic conditions
“go to midtown new york it's it's dead town i mean it's a whole different place”
Stock market valuation using Buffett's metric (market cap / GDP ratio) is extremely overvalued at 232%, versus normal overvaluation threshold of 115%; market is at all-time highs despite weak underlying economic fundamentals
“i mean you look at the warren buffett stat that he uses when we divide the the total market cap of stocks by the gdp of the entire country and anything more than 115 is overvalued right now we're sitting at 232 percent so the stock market is 232 percent of the entire economic output of the united states”
Silver prices will reach $50+ per ounce and gold prices will reach $2,100+ per ounce in 2021; when equity markets crash, precious metal prices will skyrocket; silver will outperform gold due to lack of stockpiles and increasing demand in renewable energy/technology applications
“and on silver i see the because again the cryptocurrencies i see they're gonna it's a different world and the precious metals is a that's a digital world this is a real world this is a solid world silver is used in high tech and i see the prices of silver going at a higher rate of percentage gain than gold and i see silver going over fifty dollars an ounce in gold uh over twenty one hundred dollars an ounce this year”
All equity, currency, and commodity valuations are overvalued and detached from fundamentals; there are numerous unstable relationships creating 'lot of back and forth flows' in markets that cannot be sustained
“there's a lot of you know back and forth flows here but the bottom line is everything is overvalued in the equity markets and and and and so too with the currencies these currencies should be worth anything consider how are you going to pay oh oh let's go back how are you going to pay off the debt”
American infrastructure is crumbling to third-world conditions; driving in New York City causes vehicle damage due to potholes and steel plates, indicating massive infrastructure decay despite being a major city
“ride your car in new york city and blow out your front end because that's the kind of bumps and steel plates that you hit all over the place”
Potential wild card market crash triggers include: SPACs (special purpose acquisition companies), GameStop retail trader-driven price movements, or natural disasters like earthquakes; equity market crash is the only thing keeping the economy artificially alive
“there could be the wild cards in between that whether they're man made or by mother nature i gotta be equal i don't want to be called sexist i said man-made and mother nature the um the say amen you gotta say women too now but anyway i'm just the the you don't know what could happen there could be all of a sudden these spacks that they invented that nobody heard of before that could crash the market or the games stop the young people playing the markets could something like that crash the market could i could could some natural event happen earthquakes whatever it might be”
Governments use false justifications like money laundering to ban technologies they don't control, as historical examples show; Franklin Roosevelt demanded citizens 'turn in your gold' during Depression using emergency authority, showing precedent for asset confiscation
“so that's what they're gonna keep using these kind of things to stop the crypt but how high and by the way the money going into cryptocurrencies that's money not going into precious metals gold and silver yes true so these digital currencies are going to be a threat to bitcoin then you think oh all the digital currencies they're gonna the digital currencies are going to be a threat to the governments and they're going to do at some point we believe they're going to shut them down and they're going to make up any excuse why to do it that guy saddam hussein has weapons of mass destruction entire style canada oh we don't need the truth we'll just make it up money laundering we'll make up anything we want there was this guy called franklin delano roosevelt oh yeah he was the president of the united states and right after he got elected turn in your gold i want your gold no we're going into a depression we need we want your money okay yes sir all right they'll do anything”
Main Street economy is not on political or media radar; celebrities and entertainment are prioritized over economic reality for common people, keeping public unaware of actual economic conditions until equity market crash forces awareness
“the only thing that's artificially holding up the markets so excuse me the economies are the equity markets when the equity markets crash then main street will know how bad it is but right now main street's not on the radar we're gonna look at celebrities celebrities that's what we put out there so main street doesn't count”
Federal Reserve Chair Jerome Powell has stated the Fed has 'tools' to handle economic problems but hasn't specified what these tools are; the unspoken implication is continued money printing and asset purchases beyond official mandate
“listen to the fed share powell it's okay interest rates are low oh yeah but what happens when they go up but we're not going to talk about that using his words we have quote tools what are my six years all the inventing this stuff they don't they will not know what to do”
Celente's personal investment strategy includes physical precious metals (not ETFs) and believes gold will remain foundation of reserve currencies for central banks for centuries; silver will outperform gold due to industrial applications in alternative energy and technology
“for myself i i believe in precious metals and i just bought some recently and i also believe in real estate...speaking only for myself i i believe in precious metals and i only buy i only buy physical visible okay”
Celente's first gold purchase was at $187.50 per ounce in the 1970s while trading futures; he turned a $5,000 initial investment into almost $750,000, then lost most of it before quitting his job to start Trends Research Institute
“my first buy of gold was 187.50 an ounce i was trading futures when i worked for that group back in the 70s and nobody was doing it back then i turned a 5 000 bet into almost three quarters of a million dollars which is big money back then wow and uh but i lost most of it that's when i quit my job and began the trends research institute”
Government claims about converting vacant office buildings to residential is false promise; these conversions won't create economic revival because workers still need places to work, making the argument that economy will bounce back invalid
“and now and the line the bs that they're pumping out there will will turn those office buildings into residential oh great you got a lot of people living and where they're gonna work so the economy is definitely going to bounce back there's no there's no”
Celente works in cellular telecommunications industry analysis and has studied radio frequency radiation effects since 1994; he personally does not carry cell phone and avoids Wi-Fi due to health concerns from radiofrequency exposure
“by the way i don't carry a cell phone the uh i did work for the cellular telecommunications industry going back to 1994 when they had these big things in the in the trunks of cars with aerials and i've been studying radio frequency radiation since then so anyway i don't have wi-fi around either”
Trends Journal is a weekly publication that analyzes news articles by underlining key points and extracting actionable trend forecasts; this represents an editorial process of identifying current events that form future trends
“the business of america has been war the business of china is business you know there was this guy his name was dwight d eisenhower he was only a five-star general and supreme commander of the allied forces during world war ii he hated war of course two-term repo two-term president in the united states anybody could google it up 17 1961 three days before he's leaving office he gives the nation his farewell address and what does general dwight d eisenhower warn”