WEBVTT
1
00:00:07.099 --> 00:00:09.419
Welcome back and joining us now is gerald slinty of
2
00:00:09.500 --> 00:00:13.240
trends journal you'll find that at trends journal.com we've got
3
00:00:13.269 --> 00:00:15.650
a lot to talk about there's been two elections gerald
4
00:00:15.689 --> 00:00:18.250
as i said at the top of the program since
5
00:00:18.269 --> 00:00:20.690
we last talked there was one in israel and one
6
00:00:20.910 --> 00:00:24.660
about israel which i think was yesterday but Nevertheless, I
7
00:00:24.699 --> 00:00:27.140
don't think the people's grievances are going to be acted
8
00:00:27.239 --> 00:00:29.079
on by these new people. I mean, you and I
9
00:00:29.120 --> 00:00:31.699
were not born yesterday, so we're not naive about this.
10
00:00:31.739 --> 00:00:35.259
We'll talk about that. I like the cover that Gerald
11
00:00:35.280 --> 00:00:37.560
Sinti had for this week's Trends Journal, which just came
12
00:00:37.619 --> 00:00:43.420
out yesterday. Vote for your favorite crime syndicate. Yeah, that's right.
13
00:00:43.700 --> 00:00:46.340
Your favorite crime syndicate. That's exactly what they are, aren't they?
14
00:00:47.240 --> 00:00:49.500
Yeah, I mean, by the deeds you shall know them.
15
00:00:50.340 --> 00:00:54.030
And they're disgusting. Yeah. Again, you go back a couple
16
00:00:54.049 --> 00:00:59.350
of weeks ago, the cover of the magazine was politicians. Arrogant,
17
00:00:59.409 --> 00:01:02.490
low-life pieces of, I can't use the other word, but
18
00:01:02.609 --> 00:01:05.450
crap that steal your money and tell you what to do.
19
00:01:05.469 --> 00:01:06.090
That's right.
20
00:01:07.060 --> 00:01:12.079
And again, it's all over the world. It's the political system.
21
00:01:12.599 --> 00:01:14.980
You know, I played a clip yesterday of Sheldon Adelson
22
00:01:15.019 --> 00:01:18.459
going back to 2013. And this guy, of course, is
23
00:01:18.519 --> 00:01:21.290
a casino owner, just like Trump. And he's an organized
24
00:01:21.329 --> 00:01:25.510
crime figure, mafia boss type of thing, and rules by intimidation.
25
00:01:25.670 --> 00:01:28.310
And he was saying in 2013, yeah, we just need
26
00:01:28.329 --> 00:01:31.000
to drop a nuke on Iran just to show them
27
00:01:31.030 --> 00:01:33.879
who's boss, right? And he told them to get in line.
28
00:01:33.920 --> 00:01:35.219
He said, yeah, we can do it out in the desert.
29
00:01:35.260 --> 00:01:37.780
How generous of him to say they could do it
30
00:01:37.799 --> 00:01:40.120
in the desert where they wouldn't kill quite as many people.
31
00:01:40.519 --> 00:01:42.620
But I guess that's the other thing that's happening with us.
32
00:01:43.230 --> 00:01:45.430
Everybody's been talking about the fact that Trump is going
33
00:01:45.489 --> 00:01:49.109
to escalate after the election. What do you think after
34
00:01:49.159 --> 00:01:51.799
the results yesterday? And as I said before, what we
35
00:01:51.840 --> 00:01:54.659
saw was a rejection that I think in both scope
36
00:01:54.799 --> 00:01:57.980
and size kind of put Trump on his back foot
37
00:01:58.099 --> 00:01:59.579
a little bit. But do you think he's going to
38
00:01:59.620 --> 00:02:03.239
recoup and escalate all this? They've sent all these carriers
39
00:02:03.299 --> 00:02:05.000
over there. There's been a lot of talk about it.
40
00:02:05.060 --> 00:02:07.739
And of course, he's still Israel's goy.
41
00:02:10.379 --> 00:02:12.860
It's a toss-up. I mean, some people say yes, some
42
00:02:12.900 --> 00:02:17.919
people say no. But again, I don't see an end
43
00:02:17.939 --> 00:02:24.050
to the war. And Trump says he's prepared to use, quote,
44
00:02:24.129 --> 00:02:30.509
tremendous powers if Democrats take control. This is before the election. Quote,
45
00:02:31.129 --> 00:02:35.960
I have the ultimate power. It's called veto, President Trump
46
00:02:36.000 --> 00:02:41.090
told CBS News. In an exclusive phone interview. Oh, CBS News?
47
00:02:41.870 --> 00:02:46.879
That was bought by the Zionist Ellison gang? Oh, that
48
00:02:46.919 --> 00:02:52.599
has Barry Weiss? A pro-Zionist? And again, shove the Zionist
49
00:02:52.680 --> 00:02:56.439
crap up your... You know what? It's a political movement
50
00:02:56.580 --> 00:03:02.310
invented by Theodor Herzl in the 1890s. So save it.
51
00:03:02.629 --> 00:03:05.969
Don't want to hear it. Oh, I'm Joe Biden. I'm
52
00:03:05.990 --> 00:03:09.280
a proud Zionist. one after another. Yeah.
53
00:03:10.969 --> 00:03:13.849
So we saw what happened to, I'm sorry, I didn't
54
00:03:13.870 --> 00:03:16.009
mean to interrupt, but you saw what happened with Greg Abbott,
55
00:03:16.210 --> 00:03:20.009
another proud scientist. And of course, it's not just, it's
56
00:03:20.030 --> 00:03:24.370
not just Israel. He's welcoming. I didn't realize that close
57
00:03:24.409 --> 00:03:26.110
to where I used to live in Texas when I
58
00:03:26.169 --> 00:03:30.990
worked for Texas Instruments, we moved there in 1980. And
59
00:03:31.389 --> 00:03:34.530
they've got the fourth largest statue in America. And it's
60
00:03:34.550 --> 00:03:38.259
this Hindu statue. I mean, And this is the Republicans
61
00:03:38.280 --> 00:03:39.830
who are telling you, oh, yeah, we want to protect
62
00:03:39.849 --> 00:03:41.710
the borders and everything. We've got to have federal police
63
00:03:41.729 --> 00:03:45.050
who are out here acting like Gestapo, doing whatever they
64
00:03:45.090 --> 00:03:48.389
wish to protect you from open border immigration. And yet
65
00:03:48.490 --> 00:03:52.879
he's basically, you know, they are he's talking about how
66
00:03:52.919 --> 00:03:54.699
diversity is our strength and all the rest of the stuff.
67
00:03:54.740 --> 00:03:56.680
And I'm all for the Indian community. I mean, these
68
00:03:56.740 --> 00:03:59.120
people in back rooms are nothing but traitors.
69
00:04:00.039 --> 00:04:04.870
Yep. They're disgusting. Yeah. Again, the politicians are just pieces
70
00:04:04.909 --> 00:04:07.629
of scum that, again, steal your money and tell you
71
00:04:07.669 --> 00:04:10.750
what to do. So this is, you know, going back
72
00:04:10.789 --> 00:04:19.079
to what's going to happen. Is Trump going to end
73
00:04:19.100 --> 00:04:23.800
the Iran war? I don't think so. Because Netanyahu is
74
00:04:23.819 --> 00:04:25.779
going to do everything he can to stay in power.
75
00:04:25.819 --> 00:04:29.110
They're both in the same situation, him and Trump. And
76
00:04:29.170 --> 00:04:31.009
they're going to ramp it up as I see it.
77
00:04:31.670 --> 00:04:33.329
Scott Ritter is saying the same thing.
78
00:04:33.350 --> 00:04:36.790
And I trust Scott Ritter and General McGregor. They were
79
00:04:36.829 --> 00:04:38.790
right about this stuff from the very beginning. They were
80
00:04:38.810 --> 00:04:41.769
talking about the massive damage that was done to the bases.
81
00:04:42.329 --> 00:04:44.649
And look at how they covered that up until just now.
82
00:04:45.370 --> 00:04:47.769
The only positive thing I see perhaps coming out of
83
00:04:47.810 --> 00:04:51.750
this would be the impeachment of Hegseth. That appears to
84
00:04:51.790 --> 00:04:54.529
be high on their list. And he is certainly a
85
00:04:54.610 --> 00:04:57.680
target-rich environment when it comes to impeachment charges, isn't he?
86
00:04:58.689 --> 00:05:01.790
Yeah, again, they're going to be stupid to try to
87
00:05:01.870 --> 00:05:05.089
impeach Trump, which is a waste of time. And both
88
00:05:05.129 --> 00:05:08.189
of them, because you need two thirds majority in the Senate.
89
00:05:08.230 --> 00:05:10.389
They're not going to get that in either one of them.
90
00:05:11.050 --> 00:05:17.689
So going back to the about the. The Iran war
91
00:05:18.269 --> 00:05:21.819
and what it cost. Iran managed to cause billions in
92
00:05:21.860 --> 00:05:25.620
damage on U.S. bases in early stage of war is
93
00:05:25.740 --> 00:05:29.889
one of the articles in this week's Trends Journal. And
94
00:05:30.129 --> 00:05:32.990
another thing that's very important and why there's not going
95
00:05:33.050 --> 00:05:37.610
to be a peace deal is because, as we wrote
96
00:05:37.629 --> 00:05:42.689
in this week's economic update in the Trends Journal, that
97
00:05:43.310 --> 00:05:47.100
among some of Iran's demands are that the U.S. releases, quote,
98
00:05:47.800 --> 00:05:54.660
its frozen assets, including funds blocked in Qatar. Do you
99
00:05:54.699 --> 00:05:57.480
know how much the United States has stolen from Iran?
100
00:05:59.730 --> 00:06:00.870
I have no idea.
101
00:06:00.889 --> 00:06:06.689
Since little Jimmy Carter, the clown boy. Yeah. That was president.
102
00:06:08.250 --> 00:06:08.569
How much?
103
00:06:08.810 --> 00:06:09.149
How much?
104
00:06:09.889 --> 00:06:14.939
Over a hundred billion dollars. So they're not going to
105
00:06:14.949 --> 00:06:17.399
give that back. Number two, this is, this is the
106
00:06:17.459 --> 00:06:17.899
quote from.
107
00:06:17.920 --> 00:06:20.339
They'll spend a hundred billion dollars on bombs before they'll
108
00:06:20.360 --> 00:06:22.240
give them back a hundred billion dollars that they stole
109
00:06:22.339 --> 00:06:22.639
one day.
110
00:06:22.759 --> 00:06:28.199
You got it. An end to us. This is, these
111
00:06:28.240 --> 00:06:32.680
are quotes. From Iran. And an end to the U.S.
112
00:06:32.759 --> 00:06:38.569
naval blockade of Iranian ports. End quote. Also to cut
113
00:06:38.649 --> 00:06:42.970
back its military presence in the Middle East. End quote.
114
00:06:44.269 --> 00:06:52.199
End to hostilities on all fronts, particularly Israeli attacks on
115
00:06:52.279 --> 00:06:58.459
Lebanon and Gaza. End quote. Ain't no way, no how,
116
00:06:59.410 --> 00:07:04.089
Israel is going to stop slaughtering people. They just killed
117
00:07:04.149 --> 00:07:06.560
another couple of people last night.
118
00:07:06.819 --> 00:07:07.199
Oh, yeah.
119
00:07:08.680 --> 00:07:15.800
But that's not news in Gaza. They've destroyed over 40
120
00:07:15.800 --> 00:07:21.829
villages in southern Lebanon. They've driven out over 1.2 million
121
00:07:21.889 --> 00:07:27.649
people out of their homes in Lebanon. And they're also
122
00:07:27.750 --> 00:07:30.850
stealing land in Syria. Israel is not going to stop
123
00:07:30.889 --> 00:07:32.769
doing this. There's not going to be a peace deal.
124
00:07:33.689 --> 00:07:35.660
The war is going to keep ramping up. That's the
125
00:07:35.699 --> 00:07:36.379
way we see it.
126
00:07:36.939 --> 00:07:39.579
I agree. You know, I've played a clip a couple
127
00:07:39.600 --> 00:07:41.420
of times this week. It was a clip that went viral.
128
00:07:42.019 --> 00:07:44.819
And the Guardian went to Israel and did some man
129
00:07:44.860 --> 00:07:47.120
on the street stuff, right? They got a young teenage
130
00:07:47.160 --> 00:07:50.000
girl and she's out there saying, oh, this is ours.
131
00:07:50.120 --> 00:07:52.029
We send them anywhere. Send them to France, send them
132
00:07:52.050 --> 00:07:57.250
to Europe or whatever. Just don't send them to Jordan, Syria, Lebanon.
133
00:07:57.430 --> 00:08:01.189
Those are ours, right? And this is really, she's saying
134
00:08:01.209 --> 00:08:04.310
the quiet part out loud. This is the general consensus
135
00:08:04.629 --> 00:08:07.970
in Israel. They believe that all of these different countries
136
00:08:08.029 --> 00:08:10.370
belong to them. And they're going to take them over.
137
00:08:10.769 --> 00:08:13.250
And they're not about to stop any of this stuff.
138
00:08:13.730 --> 00:08:13.889
Nope.
139
00:08:15.110 --> 00:08:17.209
You know, the one thing I see, Gerald, coming out
140
00:08:17.230 --> 00:08:21.449
of this that might be positive is gridlock. Just because
141
00:08:21.769 --> 00:08:23.790
of the egos of these two different parties. They don't
142
00:08:23.810 --> 00:08:26.569
want to see the other guy have any success or
143
00:08:26.629 --> 00:08:31.569
any claim that they can... claims for success. So they
144
00:08:31.629 --> 00:08:37.350
may just, out of reflexive competition, oppose each other. And
145
00:08:37.389 --> 00:08:41.940
I think gridlock is good. Unfortunately, the gridlock that Trump
146
00:08:42.019 --> 00:08:44.980
is enacting on us is really talking about our supply
147
00:08:45.019 --> 00:08:48.980
chains and the general economy. He's putting under a headlock
148
00:08:49.559 --> 00:08:52.639
and a gridlock. You've got an article about the U.S.
149
00:08:52.700 --> 00:08:55.970
trucking industry. Has hit the skids. Talk about that. How
150
00:08:56.009 --> 00:09:00.690
many trucking companies are going bankrupt because of Trump and
151
00:09:00.710 --> 00:09:01.210
his war? Over 200.
152
00:09:01.190 --> 00:09:05.509
Yeah. Over 200. And again, this is, look what's going on.
153
00:09:05.870 --> 00:09:09.740
One of our top trends this year is Gen Z revolution.
154
00:09:10.360 --> 00:09:12.620
And again, we put this out on January 2nd when
155
00:09:12.639 --> 00:09:22.700
we put them out. All over the world, Portugal, Italy, France, Spain, Albania, Tanzania.
156
00:09:23.409 --> 00:09:26.820
One country after another, young people taking to the streets.
157
00:09:26.840 --> 00:09:32.360
So now it's happening. Truckers in Italy, taxi drivers joining
158
00:09:32.799 --> 00:09:38.259
the protests. They can't afford it. They're going broke. So
159
00:09:39.080 --> 00:09:43.580
going back to this with the Democrats winning, will they
160
00:09:43.720 --> 00:09:47.440
end the Iran war? You got that guy that just
161
00:09:47.480 --> 00:09:52.080
got elected, what was it, Michigan, El-Sayed? Yeah, yeah. Right?
162
00:09:52.320 --> 00:09:55.730
He's against the Israel war, but he's pro-Ukrainian war.
163
00:09:57.269 --> 00:09:59.389
I'm not even sure that he's against the Israeli war,
164
00:09:59.409 --> 00:10:00.649
and I'll tell you why. when we come back. We've
165
00:10:00.669 --> 00:10:02.850
got to take a quick break here. At the bottom
166
00:10:02.889 --> 00:10:04.669
of the hour, we'll be right back with Gerald Slinty.
167
00:10:04.710 --> 00:10:06.909
Stay with us. Well, welcome back. And as we were saying,
168
00:10:07.450 --> 00:10:11.080
you pointed out this guy, Abdul El-Sayed, is a Democrat. So,
169
00:10:11.100 --> 00:10:13.700
of course, it's all about Russia, Russia, Russia. And he's
170
00:10:13.740 --> 00:10:16.200
not going to pull back from the Ukrainian war. I
171
00:10:16.659 --> 00:10:18.580
suspect that he's not going to even try to do
172
00:10:18.620 --> 00:10:21.639
anything Not that one senator can do anything, but I
173
00:10:21.629 --> 00:10:24.940
don't expect that he's really going to oppose what's happening
174
00:10:25.500 --> 00:10:28.679
with the Israeli wars, multiple wars as well. And I'll
175
00:10:28.700 --> 00:10:31.139
tell you why I say that, Gerald. There was a
176
00:10:31.220 --> 00:10:33.720
commercial that was at the center of this dispute at
177
00:10:33.740 --> 00:10:36.730
the last minute. You have his Democrat opponent that he
178
00:10:36.750 --> 00:10:40.809
defeated in the primaries. She then endorsed him at that point.
179
00:10:40.990 --> 00:10:46.289
And then she suddenly flipped just before the election and said,
180
00:10:46.330 --> 00:10:50.450
I'm going to support Mike Rogers, a Republican. And as
181
00:10:50.490 --> 00:10:54.710
people were talking about that, part of the dispute that
182
00:10:54.730 --> 00:10:57.549
came out between them was the fact that there was
183
00:10:57.570 --> 00:11:03.500
an ad tying the Iran war to our economic problems
184
00:11:03.559 --> 00:11:05.759
in terms of the cost of gas and all the
185
00:11:05.799 --> 00:11:08.120
rest of the stuff. And that was a bridge too
186
00:11:08.179 --> 00:11:12.340
far for her, a Democrat, a standard Democrat. She criticized him.
187
00:11:12.399 --> 00:11:14.940
This is horrific. You need to denounce this. And he says, well,
188
00:11:14.980 --> 00:11:18.710
that's not my ad. I don't support that. He would not...
189
00:11:19.149 --> 00:11:22.250
state the obvious, the fact that what we're seeing happening
190
00:11:22.289 --> 00:11:28.009
in terms of the trucking companies going bankrupt, the massive inflation,
191
00:11:28.029 --> 00:11:30.379
price inflation that we're seeing in everything because of the
192
00:11:30.480 --> 00:11:34.179
transportation costs, what we're seeing at the gas pump, he
193
00:11:34.220 --> 00:11:36.120
could not say that. And so I look at that
194
00:11:36.139 --> 00:11:37.779
and I think, well, you know, this guy is just
195
00:11:38.480 --> 00:11:43.230
a phony opposition, controlled opposition. If he can't say that
196
00:11:43.250 --> 00:11:49.049
this war for Israel is not hurting us economically. Of
197
00:11:49.070 --> 00:11:49.990
course they're tied together.
198
00:11:51.070 --> 00:11:55.450
Yeah, again, they're all clowns. It's a clown show. And
199
00:11:55.470 --> 00:11:58.740
I have to tell you, I'm surprised that the equity
200
00:11:58.789 --> 00:12:01.559
markets have gone up so high. I would have thought
201
00:12:01.600 --> 00:12:05.860
the exact opposite would have happened. Because, I mean, when
202
00:12:05.879 --> 00:12:08.840
we were on the air, the Dow was up over 1,000 points.
203
00:12:10.679 --> 00:12:12.730
Well, I think everybody knows what Trump has done to
204
00:12:12.750 --> 00:12:15.570
the economy with his tariffs and his wars and all
205
00:12:15.610 --> 00:12:18.460
these other things. So I guess they're looking at factoring
206
00:12:18.500 --> 00:12:19.860
that in is all I can think of.
207
00:12:20.799 --> 00:12:25.299
Well, the reason being is that one of the reasons
208
00:12:25.440 --> 00:12:31.710
why that guy won in Texas and that Abbott Costello
209
00:12:31.769 --> 00:12:37.070
lost the governor in Texas is because the people are
210
00:12:37.149 --> 00:12:42.909
against these AI data centers. And that's going to be
211
00:12:43.009 --> 00:12:48.480
negative for the NASDAQ Because it's going to be anti-AI.
212
00:12:49.159 --> 00:12:51.490
That should have brought down the equity markets.
213
00:12:51.769 --> 00:12:52.789
Oh, they don't think like that.
214
00:12:53.629 --> 00:12:57.190
I'm just saying that's when you're looking at what's going
215
00:12:57.429 --> 00:13:00.909
on and why these people won. A lot of them
216
00:13:00.990 --> 00:13:06.139
won because of the opposition to these big AI data centers.
217
00:13:06.820 --> 00:13:08.639
That should have brought down the equity markets.
218
00:13:09.559 --> 00:13:11.820
And of course, Abbott was a big cheerleader of the
219
00:13:11.860 --> 00:13:13.740
data centers. And at the last minute, he tried to
220
00:13:13.840 --> 00:13:16.399
flip on that. And nobody believed him on that, I
221
00:13:16.440 --> 00:13:18.679
don't think. And I wouldn't believe him on that either.
222
00:13:19.200 --> 00:13:23.179
You have an article talking about traffic through the Strait
223
00:13:23.200 --> 00:13:26.039
of Hormuz. And of course, in the last week, we
224
00:13:26.090 --> 00:13:30.070
had Donald Trump and all of his cheerleaders and propagandists,
225
00:13:30.090 --> 00:13:32.590
people like Larry Kudlow saying, oh, you've done a great
226
00:13:32.649 --> 00:13:35.250
job and oil is flowing through the Strait of Hormuz.
227
00:13:36.529 --> 00:13:38.450
I played that clip and I said, yeah, it's flowing.
228
00:13:38.509 --> 00:13:40.690
It's just not in the tankers. The tankers are at
229
00:13:40.710 --> 00:13:43.669
the bottom of the strait. And you've got these massive
230
00:13:43.870 --> 00:13:45.669
oil slicks that are out there. As a matter of fact,
231
00:13:45.710 --> 00:13:48.929
these really big oil tankers that are out there have
232
00:13:49.090 --> 00:13:52.590
eight times the capacity of the Exxon Valdez. And they're
233
00:13:52.610 --> 00:13:55.549
sinking them left and right. Both sides are bragging about that.
234
00:13:55.929 --> 00:13:59.009
So talk a little bit about that. When, as Trump
235
00:13:59.029 --> 00:14:03.019
said after the election, that the Iranians are going to capitulate.
236
00:14:03.039 --> 00:14:06.120
Of course, we know that was a lie, absurd as well.
237
00:14:06.179 --> 00:14:09.840
That's not going to happen. But even if this were
238
00:14:09.860 --> 00:14:12.259
to end today, I mean, talk about how long it's
239
00:14:12.279 --> 00:14:14.960
going to take for us to get oil flowing back
240
00:14:15.100 --> 00:14:15.960
to normal again.
241
00:14:16.679 --> 00:14:20.399
Well, they're saying several months to a year. That's the
242
00:14:20.759 --> 00:14:27.279
information coming out from the international energy agencies saying that.
243
00:14:28.000 --> 00:14:29.519
And so it's going to take a while for it
244
00:14:29.559 --> 00:14:32.559
to happen. But it'll be very positive if the war,
245
00:14:32.860 --> 00:14:36.620
if this war ends, it'll be very positive for the economy.
246
00:14:36.899 --> 00:14:37.090
Mm-hmm.
247
00:14:37.399 --> 00:14:39.000
It'll boost the people's spirit up.
248
00:14:39.309 --> 00:14:40.110
Yeah, exactly.
249
00:14:40.750 --> 00:14:41.789
No question about it.
250
00:14:42.070 --> 00:14:43.870
And so much of it is psychology, yeah.
251
00:14:44.549 --> 00:14:47.909
Yeah, but the other point is the Ukraine war is
252
00:14:47.990 --> 00:14:55.000
ramping up. And go back to 2022 when the Ukraine
253
00:14:55.009 --> 00:15:00.720
war began. What happened to energy prices? They skyrocketed higher
254
00:15:00.759 --> 00:15:06.019
than today. So if this war keeps escalating in Ukraine...
255
00:15:06.570 --> 00:15:09.429
it's not going to bring down oil prices that much.
256
00:15:10.690 --> 00:15:14.009
Yeah, and Trump said to Zelensky, he said, stop attacking
257
00:15:14.070 --> 00:15:16.309
the diesel facilities. We need to get more diesel out.
258
00:15:16.990 --> 00:15:22.919
And so Zelensky last week attacked three different refineries, Russian refineries,
259
00:15:23.059 --> 00:15:27.960
in three different days, right? So he's not paying attention.
260
00:15:28.019 --> 00:15:31.250
And yet Trump will keep sending them weapons, as you've
261
00:15:31.289 --> 00:15:33.610
talked about in the past. He could have stopped this.
262
00:15:34.070 --> 00:15:36.070
He could have stopped sending them weapons and bombs and
263
00:15:36.090 --> 00:15:37.509
all the rest of the stuff. And that would have
264
00:15:37.529 --> 00:15:41.490
done it. Look at the back and forth when, uh,
265
00:15:41.649 --> 00:15:45.509
when they lost Starlink or their star shield, the military
266
00:15:45.570 --> 00:15:48.230
version of it. And, uh, their plant, their drones just
267
00:15:48.269 --> 00:15:50.149
dropped out of the sky. I mean, all they got
268
00:15:50.169 --> 00:15:52.460
to do is just turn off their internet and they
269
00:15:52.500 --> 00:15:54.879
won't even do that. And so there was this finger
270
00:15:54.919 --> 00:15:57.600
pointing going back and forth between Musk and Trump as
271
00:15:57.620 --> 00:16:01.379
to who turned off their internet. And, um, and nobody
272
00:16:01.399 --> 00:16:05.039
went taking responsibility for this. And they, kind of look like, well,
273
00:16:05.059 --> 00:16:07.639
who's in charge? Nobody knows who's in charge of this stuff,
274
00:16:07.659 --> 00:16:10.259
but they could stop it. You know, they are really
275
00:16:10.460 --> 00:16:14.289
our surrogates. And so they're playing both sides of the street,
276
00:16:14.350 --> 00:16:16.870
just like they do with us when they run for office,
277
00:16:16.909 --> 00:16:17.210
aren't they?
278
00:16:18.049 --> 00:16:20.870
Well, look at the Ukraine war. I mean, according to
279
00:16:20.909 --> 00:16:27.580
Judge Napolitano, the United States under the Biden administration sent
280
00:16:27.639 --> 00:16:30.639
almost $ 300 billion of our money to keep the Ukraine
281
00:16:30.659 --> 00:16:36.120
war going. Yeah. And the Democrats are totally in support
282
00:16:36.539 --> 00:16:41.519
of the Ukraine war. And so is Europe. Again, we
283
00:16:41.539 --> 00:16:44.370
only put the facts in the Trends Journal about the
284
00:16:44.450 --> 00:16:50.490
money being spent in the UK, Germany, France, one country
285
00:16:50.590 --> 00:16:54.970
after another, and the EU sending more and more weapons
286
00:16:55.049 --> 00:16:57.549
and money to Ukraine to keep the war going.
287
00:16:57.570 --> 00:16:59.190
Yeah, that's right.
288
00:16:59.370 --> 00:17:02.789
And Russia has said, that if this war escalates into
289
00:17:03.110 --> 00:17:06.930
various areas of Russia, they're going to go nuclear. They're
290
00:17:06.950 --> 00:17:10.799
saying it. So there's not going to be an end
291
00:17:10.839 --> 00:17:14.099
to this Ukraine war, and that's going to keep energy
292
00:17:14.140 --> 00:17:19.160
prices going high. And as the Iran war goes, again,
293
00:17:19.259 --> 00:17:24.450
Israel's not going to stop. This is in our economic update.
294
00:17:25.450 --> 00:17:28.700
We write, We forecast that the United States will not
295
00:17:28.740 --> 00:17:31.829
agree to the Iranian demands for a peace deal, and
296
00:17:31.869 --> 00:17:34.529
both the United States and Israel will ramp up the war.
297
00:17:35.329 --> 00:17:38.369
This in turn will drive up energy, fertilizer, shipping, and
298
00:17:38.410 --> 00:17:42.829
other costs, which in turn will drag down economic growth
299
00:17:43.269 --> 00:17:47.380
and push up inflation. So it's not going to be stagflation.
300
00:17:47.430 --> 00:17:50.859
As we said, it's going to be dragflation, declining economic
301
00:17:50.920 --> 00:17:55.380
growth and rising inflation. You look what's going on around
302
00:17:55.420 --> 00:18:04.440
the world. they're raising interest rates in Australia, the EU, everywhere, everywhere,
303
00:18:04.579 --> 00:18:08.960
everywhere because of inflation. What that's going to do is
304
00:18:09.019 --> 00:18:12.339
drag down economic growth, but it's not going to do
305
00:18:12.579 --> 00:18:16.599
anything to bring down inflation. And when you look at
306
00:18:17.180 --> 00:18:24.140
the murderous acts by the politicians of inflation, just look
307
00:18:24.319 --> 00:18:27.960
in our lifetime. Again, when I was a kid, up
308
00:18:28.019 --> 00:18:31.509
until my teens, a slice of pizza and a soda,
309
00:18:31.509 --> 00:18:32.789
25 cents.
310
00:18:33.470 --> 00:18:37.309
Oh, yeah. Yeah. Yeah, it is incredible. I go back
311
00:18:37.349 --> 00:18:38.829
and I look at some of the things. I was
312
00:18:38.869 --> 00:18:42.829
looking at our diary that we had when we kept
313
00:18:42.869 --> 00:18:47.430
a diary. We got married. We went to the UK
314
00:18:47.470 --> 00:18:50.170
for our honeymoon. And so we were writing down all
315
00:18:50.190 --> 00:18:51.630
the different things that we were seeing and how much
316
00:18:51.670 --> 00:18:53.990
it was costing to do things. And I remember we
317
00:18:54.029 --> 00:18:56.710
were dirt poor. Not only had we not started our
318
00:18:56.750 --> 00:19:02.329
jobs yet, but the exchange rate for the dollar to
319
00:19:02.369 --> 00:19:05.230
the UK pound was at a record low. And yet,
320
00:19:05.289 --> 00:19:08.410
when I look at those prices that we thought were significant,
321
00:19:08.470 --> 00:19:11.619
so astronomical they wrote them down, they were dirt cheap
322
00:19:12.759 --> 00:19:17.720
by any measure today. And yeah, it is incredible what
323
00:19:17.779 --> 00:19:19.680
inflation has done to us. And it's how they make
324
00:19:19.740 --> 00:19:22.000
us poor. And they monetize the debt.
325
00:19:22.970 --> 00:19:27.789
Look what they did with the COVID war that began
326
00:19:28.150 --> 00:19:32.119
in 2020. That's right. Printing all this fake money back
327
00:19:32.160 --> 00:19:36.859
by nothing and printed on nothing. Inflation skyrocketed. Oh, shut up.
328
00:19:36.960 --> 00:19:37.640
What are you talking?
329
00:19:37.819 --> 00:19:42.380
Hey, I'm little Jerome Powell. I'm some little piece of scum.
330
00:19:42.720 --> 00:19:48.029
There's no inflation. It's only temporary. It's only transitory.
331
00:19:48.809 --> 00:19:52.039
Remember that crap? How much have housing prices gone up
332
00:19:52.500 --> 00:19:52.779
since 2020?
333
00:19:52.779 --> 00:19:56.000
Yeah, yeah. They've killed the American dream, haven't they?
334
00:19:56.000 --> 00:19:56.279
53%. Yeah.
335
00:19:56.279 --> 00:19:57.420
53%. Again, let's go back to the election.
336
00:20:05.210 --> 00:20:07.950
The data's coming out now of how many young people
337
00:20:07.990 --> 00:20:09.950
went out to vote that never went out to vote before.
338
00:20:09.970 --> 00:20:14.019
They're broke and busted. That's why this guy Mondani won
339
00:20:14.059 --> 00:20:17.119
in New York City, Gen Z. They got no future.
340
00:20:18.440 --> 00:20:20.380
And you look at the Gen Z protests, one of
341
00:20:20.440 --> 00:20:28.490
our top trends in 2026, Italy, Portugal, Spain, Albania, as
342
00:20:28.549 --> 00:20:33.049
I said, Germany, one country after another. Young people taking
343
00:20:33.069 --> 00:20:34.170
to the streets. They have no future.
344
00:20:35.109 --> 00:20:37.410
That's right. Yeah, I've said many times, when you go
345
00:20:37.430 --> 00:20:39.940
back and you look at asymmetric warfare, the Pentagon, where
346
00:20:39.960 --> 00:20:42.779
they're talking about what was motivating the people, they said, well,
347
00:20:42.799 --> 00:20:46.740
they're not Islamic jihadis. They get into that after they
348
00:20:46.759 --> 00:20:48.920
get started. They said, what motivates them? What gets them started?
349
00:20:49.019 --> 00:20:53.019
Usually the leaders are people who were well off economically,
350
00:20:53.579 --> 00:20:55.460
and they had a future. And then we come in
351
00:20:55.500 --> 00:20:57.960
with a war, and we basically have taken that future
352
00:20:57.980 --> 00:21:00.619
away from them. They have absolutely no control over their
353
00:21:00.640 --> 00:21:05.509
future and no way, no prospects. And that radicalizes them,
354
00:21:05.549 --> 00:21:08.039
and that is the basis of their asymmetric warfare. That
355
00:21:08.099 --> 00:21:10.039
is what they're doing to everybody in every country, the
356
00:21:10.079 --> 00:21:12.740
Gen Zs that you're talking about. And then you add
357
00:21:12.779 --> 00:21:16.200
to the mix the uncontrolled immigration, and you really got
358
00:21:16.420 --> 00:21:20.420
a toxic Molotov cocktail that is going to be rolling
359
00:21:20.460 --> 00:21:23.779
through the entire Western civilization in the next few years.
360
00:21:23.819 --> 00:21:25.440
Because we're at the end of the fourth turning. They're
361
00:21:25.460 --> 00:21:26.779
really accelerating things, aren't they?
362
00:21:27.519 --> 00:21:32.170
Yeah. No, this is going to— and again— There's not going
363
00:21:32.190 --> 00:21:35.029
to be any difference with the Democrats. And again, it's
364
00:21:35.069 --> 00:21:37.539
going to be stupid crap. They're going to keep going
365
00:21:37.619 --> 00:21:40.319
after Trump. And again, I can't stand Trump. I can't
366
00:21:40.359 --> 00:21:41.140
stand any of them.
367
00:21:42.599 --> 00:21:46.240
But it'll be show trials like we've seen done over
368
00:21:46.259 --> 00:21:48.660
and over again. They'll be posing for the cameras. They
369
00:21:48.700 --> 00:21:50.680
won't do anything. They can't throw him out of office.
370
00:21:50.720 --> 00:21:54.769
They can't jail him, unfortunately. And so it'll just be entertainment,
371
00:21:55.140 --> 00:21:56.250
professional wrestling, won't it?
372
00:21:57.049 --> 00:22:00.210
Yep, and Trump says he's prepared to use, quote, tremendous
373
00:22:00.269 --> 00:22:04.200
powers if Democrats take control. He said that just before
374
00:22:04.240 --> 00:22:07.599
the election on CBS. Yeah, yeah.
375
00:22:07.759 --> 00:22:10.000
And, of course, they can't, they don't have the numbers
376
00:22:10.019 --> 00:22:13.380
to overwrite his veto. The only thing is, is that,
377
00:22:13.400 --> 00:22:17.460
you know, what Trump has been doing, especially this second term,
378
00:22:18.220 --> 00:22:23.630
is accruing tremendous powers, centralizing power into the office of
379
00:22:23.650 --> 00:22:27.329
the presidency. And even though the Democrats... like to have that.
380
00:22:27.509 --> 00:22:30.000
I think they might push back against him having it.
381
00:22:30.430 --> 00:22:33.069
And so it might delay that a little bit. But
382
00:22:33.130 --> 00:22:35.559
in the same way that when he was in his
383
00:22:35.599 --> 00:22:38.640
first term, he said, well, when it comes to banning
384
00:22:38.960 --> 00:22:40.779
bump stocks or whatever, don't worry about that. I can
385
00:22:40.819 --> 00:22:43.140
do that on my own. I'll just sign a bill.
386
00:22:43.500 --> 00:22:45.940
And so he set the precedent to do gun control
387
00:22:45.960 --> 00:22:48.829
by executive order. And it's just one of many precedents
388
00:22:48.930 --> 00:22:52.109
that he has set. But I think that they will
389
00:22:52.470 --> 00:22:56.029
push back against his phony emergency's that he's used to
390
00:22:56.089 --> 00:22:58.990
create tariffs and all these other things, saying that he's now,
391
00:22:59.049 --> 00:23:01.990
because it's an emergency, because he says so, that now
392
00:23:02.049 --> 00:23:05.410
he can do whatever he wishes and there's nobody to
393
00:23:05.450 --> 00:23:09.150
stop him. And of course, Mike Johnson was running interference
394
00:23:09.190 --> 00:23:11.079
for him and made sure that nobody was going to
395
00:23:11.099 --> 00:23:12.599
try to stop him. I think you might see that
396
00:23:12.779 --> 00:23:16.680
end just because of the partisan competition that you see there.
397
00:23:16.839 --> 00:23:20.279
So I'm hopeful from a standpoint of just gridlock that
398
00:23:20.319 --> 00:23:24.599
that might help. But Again, I expect to see different
399
00:23:24.640 --> 00:23:29.140
types of problems. And what is really happening with Gen Z,
400
00:23:29.200 --> 00:23:32.029
I think, is this kind of corruption that we've seen,
401
00:23:32.069 --> 00:23:36.250
the open-in-your-face corruption from the Trump regime, is really pushing
402
00:23:36.289 --> 00:23:40.930
them towards socialism. And I think we need to reclaim,
403
00:23:40.990 --> 00:23:43.430
I had an interview that I recorded yesterday with a
404
00:23:43.470 --> 00:23:47.130
guy who's the president of AEIR, and he just wrote
405
00:23:47.150 --> 00:23:51.579
a book about how important Um, and, and it is
406
00:23:51.640 --> 00:23:54.960
to have a, um, a free market economy and have
407
00:23:55.019 --> 00:23:57.160
the freedom to be able to make these decisions. Because
408
00:23:57.180 --> 00:24:00.220
if you take that away, you're on the road to serfdom,
409
00:24:00.339 --> 00:24:03.730
as Hayek said, and you're on the road to removing
410
00:24:03.769 --> 00:24:05.390
the rule of law and all these other things. We
411
00:24:05.410 --> 00:24:07.630
need to go back and think about how we got
412
00:24:07.670 --> 00:24:09.690
to this point. Why is it that we've had a
413
00:24:10.369 --> 00:24:14.849
freedom and we've had prosperity? It's because of a civilizational aspect.
414
00:24:14.910 --> 00:24:18.269
He said, if you want to lose your civilization. You're
415
00:24:18.289 --> 00:24:21.309
going to go into a command-control economy. And that's where
416
00:24:21.349 --> 00:24:24.930
both Trump and the Democrats want to send us. And
417
00:24:25.170 --> 00:24:28.430
so these kids who think they're pushing back against Trump
418
00:24:28.470 --> 00:24:32.720
because they think that he is capitalism, they actually don't
419
00:24:32.740 --> 00:24:37.819
realize that he is a representative of a centrally-controlled economy.
420
00:24:38.519 --> 00:24:41.000
And so they think they're opposing him, but they're actually
421
00:24:41.460 --> 00:24:44.589
moving in the same direction. And the Democrats are openly
422
00:24:44.640 --> 00:24:48.569
now in... assuming the label of socialist. We had the first,
423
00:24:48.890 --> 00:24:51.410
we laughed about it because there was a link on
424
00:24:51.430 --> 00:24:54.630
the Drudge Report saying that D.C. had its first socialist mayor.
425
00:24:54.960 --> 00:24:57.220
And we said, there's not a chance that's the first one.
426
00:24:57.480 --> 00:25:00.480
Just the first one that openly embraced that label. And
427
00:25:00.500 --> 00:25:02.700
that's what you really see happening with Gen Z, I think.
428
00:25:02.740 --> 00:25:06.960
They are moving towards socialism and even Marxism in reaction
429
00:25:07.019 --> 00:25:08.880
to the corruption that we're seeing in the Trump regime.
430
00:25:08.920 --> 00:25:09.400
What do you think?
431
00:25:10.289 --> 00:25:14.059
They have no future. Again, it's global. Yeah. It's global.
432
00:25:14.119 --> 00:25:16.339
Look what's going on in France and all these other,
433
00:25:16.680 --> 00:25:18.339
they have no, again, we've.
434
00:25:18.200 --> 00:25:19.839
Talked about this. Well, a lot of corruption there as well,
435
00:25:19.900 --> 00:25:23.099
especially in Albania. I mean, everybody is looking at the corruption.
436
00:25:23.160 --> 00:25:27.039
Jared Kushner is like Mr. Corruption. They see their leader
437
00:25:27.099 --> 00:25:29.799
meeting with Jared Kushner. They know that something is going on,
438
00:25:29.839 --> 00:25:30.160
don't they?
439
00:25:30.940 --> 00:25:34.230
Serbia, they just overthrew the government there. It's one country
440
00:25:34.309 --> 00:25:37.930
after another. They have no future. Again, we've talked about
441
00:25:37.950 --> 00:25:40.470
this before. When you and I were young guys, there
442
00:25:40.490 --> 00:25:45.019
were things called hardware stores. There was no Lowe's. There
443
00:25:45.039 --> 00:25:48.779
was no Home Depot. There were local places. There were
444
00:25:48.880 --> 00:25:54.190
stationary stores. There were no Staples. There were local stationary stores.
445
00:25:54.569 --> 00:25:57.990
There were clothing stores, shoe stores, drug stores. There were
446
00:25:58.009 --> 00:26:01.029
no CVSs that owned everything.
447
00:26:01.049 --> 00:26:02.470
That's right.
448
00:26:02.549 --> 00:26:06.000
There used to be mom and pops. They're gone. The
449
00:26:06.039 --> 00:26:08.980
young people have no future. Where do you want to work?
450
00:26:09.299 --> 00:26:12.140
I think I'll drive an Amazon truck. Oh, I'd love
451
00:26:12.180 --> 00:26:15.140
to do that. Hey, remember when you and I were
452
00:26:15.180 --> 00:26:20.549
young guys, Sunday was the day of rest. Everything was closed.
453
00:26:21.130 --> 00:26:22.450
Remember those days?
454
00:26:22.529 --> 00:26:23.470
Yeah, I remember that.
455
00:26:24.150 --> 00:26:24.369
Yeah.
456
00:26:25.089 --> 00:26:27.569
I remember that. That's when we had our businesses. As
457
00:26:27.589 --> 00:26:29.940
a matter of fact, we had video stores and Uh,
458
00:26:30.059 --> 00:26:32.619
we didn't want to open on Sunday, but eventually because
459
00:26:32.640 --> 00:26:34.960
we had a lot of pressure from people and from competitors,
460
00:26:35.299 --> 00:26:37.339
we wound up opening from like one o'clock in the
461
00:26:37.400 --> 00:26:39.829
afternoon to six. So people would come in and get
462
00:26:39.869 --> 00:26:42.369
something else or drop something off. But, um, you know,
463
00:26:42.390 --> 00:26:43.990
for the longest time, we didn't even open as a
464
00:26:44.009 --> 00:26:45.849
video store. We weren't even open on Sundays.
465
00:26:46.809 --> 00:26:49.970
So that's why they're going out. They have no future.
466
00:26:51.210 --> 00:26:54.170
You look at the data or the kids going to college,
467
00:26:54.880 --> 00:26:58.059
they can't find jobs all over the world. And now
468
00:26:58.119 --> 00:27:00.640
what are they doing? Less kids are going to college
469
00:27:00.680 --> 00:27:02.700
and more of them are going into learning how to
470
00:27:02.740 --> 00:27:05.720
be plumbers, electricians, this or that, because they know they
471
00:27:05.740 --> 00:27:09.380
have no future in the other thing. So this is serious.
472
00:27:09.859 --> 00:27:14.119
And again, look what just happened with this election. All
473
00:27:14.160 --> 00:27:17.289
the money that the Musks and the others put into
474
00:27:17.309 --> 00:27:20.069
the election, the billionaires, and they lost.
475
00:27:20.589 --> 00:27:23.329
That's right. Yeah, what did he put in? About $ 400
476
00:27:23.250 --> 00:27:24.049
million or something?
477
00:27:24.549 --> 00:27:27.890
Yeah, that's what the numbers are, yep. And you mentioned
478
00:27:27.910 --> 00:27:33.809
that Sheldon Adelson. He's the guy that gave Trump, what,
479
00:27:34.250 --> 00:27:37.609
I forgot how many hundreds of millions. Oh, yeah.
480
00:27:37.730 --> 00:27:41.150
It was at least 250 in the 2020 cycle.
481
00:27:41.950 --> 00:27:42.150
Yeah.
482
00:27:42.539 --> 00:27:43.920
And Miriam is still giving him money.
483
00:27:44.779 --> 00:27:48.859
Yep. And what did Trump do after he got the money? Hey,
484
00:27:49.200 --> 00:27:52.279
get the embassy out of Tel Aviv and move it
485
00:27:52.299 --> 00:27:55.819
to Jerusalem. Hey, you know that land you stole from
486
00:27:55.859 --> 00:28:02.029
the Syrians? It's yours. Yeah, that's the Sheldon Adelson Trump thing.
487
00:28:02.329 --> 00:28:06.089
It's a crime syndicate in front of everybody's eyes that
488
00:28:06.170 --> 00:28:10.630
morons and imbeciles call a government. Again, on both sides. Again,
489
00:28:10.650 --> 00:28:12.170
we forgot about genocide, Joe.
490
00:28:12.619 --> 00:28:15.259
Yeah, yeah. You know, one of the things I talked
491
00:28:15.279 --> 00:28:19.519
about just before you came on is a billionaire who
492
00:28:19.559 --> 00:28:22.609
inherited the Estee Lauder fortune. His name is Ron Lauder.
493
00:28:22.619 --> 00:28:25.359
And I've played quote after quote from him. where he's
494
00:28:25.400 --> 00:28:27.680
out there talking about how they really need to clamp
495
00:28:27.700 --> 00:28:30.329
down on anybody that criticizes the state of Israel. You're
496
00:28:30.349 --> 00:28:33.490
instantly a racist, and you need to not only be canceled,
497
00:28:33.509 --> 00:28:35.210
but you need to have some real teeth in this.
498
00:28:35.230 --> 00:28:37.089
We need to punish people with the government. Send them
499
00:28:37.109 --> 00:28:39.190
to jail and all the rest of the stuff. This guy,
500
00:28:39.250 --> 00:28:42.910
who is president of the World Jewish Congress, the guy
501
00:28:42.930 --> 00:28:47.220
who is the father-in-law of the Federal Reserve Chair, Kevin Warsh,
502
00:28:47.640 --> 00:28:50.039
he just had an interview with Haaretz. Did you see that?
503
00:28:51.000 --> 00:28:54.480
He basically trashed Israel. And this is a guy who
504
00:28:54.519 --> 00:28:57.759
has given vast sums of money to Bibi Netanyahu. And
505
00:28:57.779 --> 00:29:00.039
to paraphrase what he was saying, he said, it's just
506
00:29:00.119 --> 00:29:02.940
a one-man show. It's a dictatorship. And he says, I
507
00:29:03.009 --> 00:29:06.869
am so disgusted with that country. And the interviewer from
508
00:29:06.970 --> 00:29:11.309
Haaretz said he stopped talking and he made a gesture
509
00:29:11.349 --> 00:29:15.309
like he was vomiting. And he said, I'm disgusted with
510
00:29:16.069 --> 00:29:18.430
the leadership there. I'm disgusted with the Israeli people. I
511
00:29:18.470 --> 00:29:19.849
think that's one of the things that came out of
512
00:29:19.890 --> 00:29:23.170
the election last week. I think people could see. Just
513
00:29:23.230 --> 00:29:27.900
how widespread the support for these genocidal policies and invading
514
00:29:27.940 --> 00:29:30.940
other countries, how widespread that support was. They don't think
515
00:29:31.019 --> 00:29:35.569
that Netanyahu is tough enough. Now, I think that Ron
516
00:29:35.730 --> 00:29:40.730
Lauder is, I keep saying Lauder, it's Lauder. I think
517
00:29:40.789 --> 00:29:44.450
that he's perhaps not being totally straight up with this.
518
00:29:44.509 --> 00:29:46.690
He may just be trying to cover himself, but he
519
00:29:46.730 --> 00:29:49.279
can read the tea leaves and he can see how
520
00:29:49.359 --> 00:29:52.539
much pushback there is against what has been happening there.
521
00:29:52.559 --> 00:29:54.819
I think he's just trying to protect himself.
522
00:29:56.440 --> 00:29:58.759
Again, you look at what happened, though, in the elections
523
00:29:58.839 --> 00:30:03.079
in Israel. the Likud party still has a majority.
524
00:30:03.880 --> 00:30:06.970
That's right. They agree with that. And the issues that
525
00:30:06.990 --> 00:30:09.349
they had with him was that they didn't think that
526
00:30:09.390 --> 00:30:12.230
he was militaristic enough. They didn't think he was killing
527
00:30:12.269 --> 00:30:15.289
enough of the other people. And it wasn't that they
528
00:30:15.470 --> 00:30:17.289
wanted peace. I mean, they had a massive number of
529
00:30:17.309 --> 00:30:20.670
people who flew to Israel to vote in their elections.
530
00:30:20.710 --> 00:30:22.950
And I thought that was kind of instructive that they
531
00:30:22.970 --> 00:30:25.630
couldn't vote by mail. They had to come and vote
532
00:30:25.750 --> 00:30:28.720
in person and so forth. But you had people who
533
00:30:28.740 --> 00:30:31.299
were spending a lot of money flying there. They estimated
534
00:30:31.339 --> 00:30:34.759
about 70,000 people flew in because they were disgusted by
535
00:30:34.779 --> 00:30:36.900
what they were seeing happening in the state of Israel,
536
00:30:36.920 --> 00:30:40.180
the people that were Jewish. And, uh, yet the people
537
00:30:40.200 --> 00:30:42.710
who live there are hardcore about it. They not only
538
00:30:42.930 --> 00:30:45.569
are unashamed of the genocide, they want it harder.
539
00:30:46.410 --> 00:30:51.990
Yep. And again, either party is, we wrote, uh, forgot
540
00:30:52.009 --> 00:30:58.279
the guy's name, uh, Eisencott or something like that, who, uh, he, he's, he's,
541
00:30:58.339 --> 00:31:04.230
he's as, uh, Zionist as Trump, as Trump, as Trump,
542
00:31:04.329 --> 00:31:08.369
as Netanyahu, Trump, Greenberg, Iceberg. What's the difference?
543
00:31:08.470 --> 00:31:11.890
It's all the same club, isn't it?
544
00:31:11.910 --> 00:31:16.769
Yeah. And we ain't in it. Yeah. They're all genocide pros. Yeah.
545
00:31:17.109 --> 00:31:20.049
And this war is going to just continue to escalate.
546
00:31:20.789 --> 00:31:24.579
And Iran is really ramping up, and they're making it
547
00:31:24.619 --> 00:31:27.900
very clear that if they're attacked, this thing is really
548
00:31:27.920 --> 00:31:29.059
going to escalate big time.
549
00:31:29.519 --> 00:31:32.599
Yeah, that's right. I got a comment here from Sidney Falco.
550
00:31:32.619 --> 00:31:34.339
He says, I have to drive 40 minutes to work
551
00:31:34.880 --> 00:31:38.039
with fuel and automobile costs. It's hardly worth the $ 17
552
00:31:37.980 --> 00:31:40.000
an hour, and I don't even have to pay rent
553
00:31:40.420 --> 00:31:43.309
or power bills. I have no idea how other people
554
00:31:43.329 --> 00:31:45.890
are making ends meet. And that really is the issue.
555
00:31:45.950 --> 00:31:49.589
One of the things that I was talking about yesterday
556
00:31:49.609 --> 00:31:51.710
in that interview that we talked about was exactly what
557
00:31:51.730 --> 00:31:54.380
you're talking about, the fact that we don't have mom-and-pop
558
00:31:54.390 --> 00:31:57.230
stores anymore. That used to be the foundation of our
559
00:31:57.250 --> 00:31:59.569
understanding of the importance of the free market because that
560
00:31:59.609 --> 00:32:02.730
really is a free market. That really is a situation
561
00:32:02.769 --> 00:32:05.269
where you're competing one-on-one with a guy across the street
562
00:32:05.309 --> 00:32:08.640
or down the street or whatever. It isn't like Wall
563
00:32:08.660 --> 00:32:12.799
Street where people can run a company, a corporation, and
564
00:32:12.839 --> 00:32:16.940
they can lose money for 20 years and still keep going.
565
00:32:18.059 --> 00:32:20.099
It's kind of interesting what Wall Street does. It's kind
566
00:32:20.119 --> 00:32:24.069
of like the Federal Reserve Bank in terms of financing governments.
567
00:32:24.509 --> 00:32:26.349
And so they don't have to be competitive. They don't
568
00:32:26.369 --> 00:32:28.190
even have to make a profit. They just got to
569
00:32:28.230 --> 00:32:30.869
tell a good story and people keep funding them. And
570
00:32:30.910 --> 00:32:34.309
so we have lost that basic understanding and appreciation of
571
00:32:34.329 --> 00:32:36.849
what the free market is for people who no longer
572
00:32:36.930 --> 00:32:39.910
have an ability to participate in that. And as you
573
00:32:39.930 --> 00:32:41.779
point out, the younger people were coming up, they look
574
00:32:41.839 --> 00:32:43.819
at it and it's like, well, what they've been told
575
00:32:44.559 --> 00:32:46.380
is you go to college and then you get a
576
00:32:46.420 --> 00:32:48.240
job and it's going to be good. All those jobs
577
00:32:48.279 --> 00:32:51.170
are being cut off now. And they're bragging about it,
578
00:32:51.420 --> 00:32:54.279
saying they're cutting off everybody's jobs with AI. What do
579
00:32:54.299 --> 00:32:57.759
you think? I mean, everybody is looking at this AI
580
00:32:57.819 --> 00:33:00.420
bubble and expecting it to burst at some point, but
581
00:33:00.460 --> 00:33:03.259
yet it keeps going on and on. What is it
582
00:33:03.279 --> 00:33:06.380
that's going to be the controlling factor in this? It
583
00:33:06.420 --> 00:33:09.630
looked like they had a pin. Once they started putting
584
00:33:09.710 --> 00:33:13.309
out the IPO information for Anthropic, people could see just
585
00:33:13.369 --> 00:33:16.430
how shaky the economics were. We've had people like Ed
586
00:33:16.450 --> 00:33:19.910
Zytron and others say, look, another economist went back. He said,
587
00:33:20.250 --> 00:33:23.059
I've calculated by all these different metrics in terms of
588
00:33:24.140 --> 00:33:26.559
productivity per employee and so forth. He said all these
589
00:33:26.680 --> 00:33:28.579
companies that are spending a lot of money on AI,
590
00:33:28.980 --> 00:33:31.200
they're not seeing any profit off of this. I mean,
591
00:33:31.220 --> 00:33:37.079
they're seeing humongous profits from the AI companies themselves, but
592
00:33:37.119 --> 00:33:40.799
they're also going into massive debt. And there appears to
593
00:33:40.859 --> 00:33:45.039
be a bit of a problem in terms of having
594
00:33:45.099 --> 00:33:48.420
sufficient capital to make the investments that they say that
595
00:33:48.480 --> 00:33:50.579
they need to make. So what do you think is
596
00:33:50.599 --> 00:33:52.039
going to happen with that? Is it going to be
597
00:33:52.099 --> 00:33:54.410
the financial statements? Is it going to be the fact
598
00:33:54.450 --> 00:33:57.049
that they run out of credit? They want to have
599
00:33:57.069 --> 00:33:59.710
over a trillion dollars worth of expansion in these data centers.
600
00:33:59.769 --> 00:34:02.410
But as he was calculating, he said, I can only
601
00:34:02.470 --> 00:34:04.869
find about $ 130 billion that they can lay their hands
602
00:34:05.009 --> 00:34:08.469
on without going into massive debt. And it's that plus
603
00:34:08.570 --> 00:34:11.559
the debt of the federal government is really creating a
604
00:34:11.639 --> 00:34:13.900
crunch in the capital markets. What do you think that's
605
00:34:13.940 --> 00:34:14.380
going to do?
606
00:34:15.300 --> 00:34:19.000
Again, it's global with the debt and the real debt
607
00:34:19.019 --> 00:34:22.469
level of the United States, according to Fortune magazine and
608
00:34:22.550 --> 00:34:26.670
others is over 126 trillion, not 40 trillion. Look what's
609
00:34:26.710 --> 00:34:29.130
going on in France with their debt level, where the
610
00:34:29.170 --> 00:34:34.679
debt to GDP in the United States is 100. I mean, look,
611
00:34:34.780 --> 00:34:37.860
it's ridiculous. And how much it's gone up in just
612
00:34:37.900 --> 00:34:42.659
the last 10 years. So there's going to be the
613
00:34:42.760 --> 00:34:45.230
bubble is going to break. What's going to cause it?
614
00:34:45.260 --> 00:34:49.389
Who knows? But look at the KOSPI index in South Korea.
615
00:34:49.980 --> 00:34:55.500
the Chinese indexes, they're all going down on the AI.
616
00:34:55.900 --> 00:34:59.550
It's way over investment and the money's not coming in.
617
00:34:59.570 --> 00:35:02.210
There's going to be a bust. And again, I would
618
00:35:02.230 --> 00:35:06.030
have thought that the markets would have went down today
619
00:35:06.610 --> 00:35:13.090
because of the Democrats winning and the opposition people have
620
00:35:13.110 --> 00:35:16.070
to the AI data centers where a lot of this
621
00:35:16.130 --> 00:35:19.139
money is going into. So the crash is going to happen.
622
00:35:19.280 --> 00:35:22.619
And when the crash happens, oh, by the way, did
623
00:35:22.639 --> 00:35:26.019
you see gold prices went up like $ 117? Did they
624
00:35:26.940 --> 00:35:29.039
this morning after the election?
625
00:35:29.059 --> 00:35:30.940
That's one thing I didn't check. I didn't look at
626
00:35:30.960 --> 00:35:32.860
gold prices. So what is going on with gold? I mean,
627
00:35:33.420 --> 00:35:35.739
I've seen some explanations, and some people are saying, well,
628
00:35:37.090 --> 00:35:41.730
there's so much concern about sovereign liquidity that people are
629
00:35:41.750 --> 00:35:43.969
worried that the central banks are going to start selling
630
00:35:44.010 --> 00:35:47.489
off gold massively. And so that has been factored in.
631
00:35:47.940 --> 00:35:49.639
With all this, I don't know that they have started
632
00:35:49.679 --> 00:35:51.960
selling that off. We did see that in the aftermath
633
00:35:52.019 --> 00:35:54.059
of the beginning of the war. We saw some of
634
00:35:54.079 --> 00:35:59.809
the countries that were very reliant on importing oil, and
635
00:36:00.130 --> 00:36:01.710
the ones who were producing oil were going to see
636
00:36:01.750 --> 00:36:04.550
their income go down. So they started cashing in the gold,
637
00:36:04.949 --> 00:36:07.349
which is what it's there for. But what do you
638
00:36:07.389 --> 00:36:08.849
think in terms of gold? Let's talk a little bit
639
00:36:08.889 --> 00:36:09.349
about that.
640
00:36:10.300 --> 00:36:15.460
I'm very bullish on it because it's the number one
641
00:36:15.539 --> 00:36:18.869
safe haven asset. And you just saw what happened with
642
00:36:18.889 --> 00:36:20.369
the crypto thing with this.
643
00:36:20.630 --> 00:36:21.389
Oh, yeah.
644
00:36:21.769 --> 00:36:25.489
Popping the money out of it. It's fake stuff. It's
645
00:36:25.510 --> 00:36:26.710
just digitized.
646
00:36:26.909 --> 00:36:27.340
That's right.
647
00:36:27.380 --> 00:36:33.900
Gold, when the equity markets crash, we're forecasting gold prices
648
00:36:33.920 --> 00:36:37.039
are going to spike. Reality will hit the street. Again,
649
00:36:37.539 --> 00:36:41.480
why did the Democrats do so well? Look at the data.
650
00:36:42.239 --> 00:36:46.869
As that guy Carville used to say, it's the economy, stupid. Yeah.
651
00:36:47.079 --> 00:36:52.119
The people are disgusted. They're broken busted. So the reality
652
00:36:52.159 --> 00:36:55.690
of how bad the economy is becomes a reality when
653
00:36:55.730 --> 00:36:59.929
the equity markets crash. They ignore it until the equity
654
00:36:59.969 --> 00:37:03.570
markets crash. When the equity markets crash, which we believe
655
00:37:03.590 --> 00:37:06.670
they're going to be a dot-com bust, 2.0, that's when
656
00:37:06.690 --> 00:37:08.349
you're going to see precious metals spike.
657
00:37:08.679 --> 00:37:11.699
Yeah. And it's worth, as you point out many times,
658
00:37:11.719 --> 00:37:15.349
you don't make predictions. You look at trends. And, of course,
659
00:37:15.369 --> 00:37:17.789
you go back and you look at the securitization real
660
00:37:17.809 --> 00:37:20.329
estate market fraud that was perpetrated out of Wall Street
661
00:37:21.070 --> 00:37:24.210
back in 2007, 2008. It took a very long time
662
00:37:24.250 --> 00:37:27.969
for that to happen. Because the fraud was so widespread
663
00:37:28.010 --> 00:37:30.230
and so many people were participating in it, they were
664
00:37:30.250 --> 00:37:33.670
able to keep that scheme going for a while. And
665
00:37:33.769 --> 00:37:36.210
some of the people who had bet against it and
666
00:37:36.230 --> 00:37:39.889
had taken out shorts almost lost everything because their contracts
667
00:37:39.909 --> 00:37:41.949
were expiring. They didn't expect that they could keep that
668
00:37:41.989 --> 00:37:44.010
thing going as long as they did. And I think
669
00:37:44.030 --> 00:37:45.949
that's what we're looking at now. We're looking at something
670
00:37:45.969 --> 00:37:48.869
that's even bigger, even more fraudulent. When you look at,
671
00:37:48.949 --> 00:37:53.780
as you referenced, the hacking of Binance, over $ 6 billion
672
00:37:53.840 --> 00:37:56.599
disappeared with that stuff. That's why they want to get
673
00:37:56.699 --> 00:37:59.119
us into digital gold. That's why they want to get
674
00:37:59.179 --> 00:38:03.579
us into stable coins, because it goes, if you want
675
00:38:03.599 --> 00:38:05.429
to know how that's going to work out, just go
676
00:38:05.469 --> 00:38:10.510
back and look at the securitization mortgage fraud that happened 2007, 2018.
677
00:38:10.510 --> 00:38:13.329
If they can steal homes and real estate and suck
678
00:38:13.369 --> 00:38:14.690
the value out of them, what do you think they're
679
00:38:14.710 --> 00:38:15.550
going to be able to do if you put all
680
00:38:15.590 --> 00:38:20.550
your money into their tokenized network that they're setting out there?
681
00:38:20.570 --> 00:38:22.730
It's very dangerous, I think, for people. They should be
682
00:38:22.750 --> 00:38:23.210
aware of that.
683
00:38:23.989 --> 00:38:27.130
And again, going back to the bust, we took out
684
00:38:27.150 --> 00:38:30.409
the domain name, the panic of 08, November 2007. Look
685
00:38:31.610 --> 00:38:36.210
what they did. The bankster bandits caused this problem. Hey,
686
00:38:36.250 --> 00:38:37.909
you don't have a job? You're out of work? You're
687
00:38:37.929 --> 00:38:39.739
deep in debt? Don't worry about it. You got a
688
00:38:39.780 --> 00:38:41.460
subprime mortgage. Sign over here, right?
689
00:38:41.519 --> 00:38:42.420
Yeah, that's right.
690
00:38:42.699 --> 00:38:46.920
The Federal Reserve, according to the Bard College, the Levy
691
00:38:46.940 --> 00:38:53.670
Institute at Bard College, bailed out the Bankster Bandits $ 29 trillion. Wow.
692
00:38:54.429 --> 00:38:58.829
As people are losing their homes, hey, I'm JPMorgan Chase.
693
00:38:59.889 --> 00:39:02.929
I'm Bank of America. Give us the money. That's right.
694
00:39:03.880 --> 00:39:07.059
And give them 0% interest rates to pay it back.
695
00:39:07.099 --> 00:39:08.900
And then they brag, oh, we paid all the money back. Yeah,
696
00:39:08.920 --> 00:39:10.699
because the federal government handed it to you with one
697
00:39:10.719 --> 00:39:12.090
hand and you handed it back with the other and
698
00:39:12.110 --> 00:39:15.349
pretended that you had paid it back. Got a tip
699
00:39:15.369 --> 00:39:18.449
here from Scott Helmer. Thank you very much. He said, Republican, Democrat, Independent,
700
00:39:18.489 --> 00:39:21.969
just different flavors of slavery. We got our rights from God.
701
00:39:22.190 --> 00:39:24.650
And he says it's the same club and they're beating
702
00:39:24.710 --> 00:39:27.469
us over the head with it. That was actually my comment. Oh,
703
00:39:27.969 --> 00:39:30.429
that's your comment. I agree with that, Travis. Thank you
704
00:39:30.469 --> 00:39:34.199
so much. And again, Gerald Slinty, TrendsJournal.com. Use the code
705
00:39:34.280 --> 00:39:36.539
NIGHT to save 10%. Thank you, Gerald.
706
00:39:37.280 --> 00:39:37.679
Thank you.
707
00:39:48.559 --> 00:39:54.719
The Common Man. They created common core to dumb down
708
00:39:54.760 --> 00:39:58.420
our children. They created common past to track and control us.
709
00:39:58.900 --> 00:40:02.820
Their commons project to make sure the commoners own nothing.
710
00:40:03.809 --> 00:40:10.389
And the communist future. They see the common man as simple, unsophisticated, ordinary.
711
00:40:11.449 --> 00:40:14.760
But each of us has worth and dignity created in
712
00:40:14.780 --> 00:40:19.420
the image of God. That is what we have in common.
713
00:40:20.079 --> 00:40:22.900
That is what they want to take away. Their most
714
00:40:22.940 --> 00:40:28.420
powerful weapons are isolation, deception, intimidation. They desire to know
715
00:40:28.639 --> 00:40:33.360
everything about us while they hide everything from us. It's
716
00:40:33.400 --> 00:40:36.429
time to turn that around and expose what they want
717
00:40:36.449 --> 00:40:40.329
to hide. Please share the information and links you'll find
718
00:40:40.690 --> 00:40:44.869
at TheDavidKnightShow.com. Thank you for listening. Thank you for sharing.
719
00:40:50.769 --> 00:40:53.159
If you can't support us financially, please keep us in
720
00:40:53.179 --> 00:40:55.969
your prayers. TheDavidKnightShow.com
1
00:00:07.099 --> 00:00:09.419
Welcome back and joining us now is gerald slinty of
2
00:00:09.500 --> 00:00:13.240
trends journal you'll find that at trends journal.com we've got
3
00:00:13.269 --> 00:00:15.650
a lot to talk about there's been two elections gerald
4
00:00:15.689 --> 00:00:18.250
as i said at the top of the program since
5
00:00:18.269 --> 00:00:20.690
we last talked there was one in israel and one
6
00:00:20.910 --> 00:00:24.660
about israel which i think was yesterday but Nevertheless, I
7
00:00:24.699 --> 00:00:27.140
don't think the people's grievances are going to be acted
8
00:00:27.239 --> 00:00:29.079
on by these new people. I mean, you and I
9
00:00:29.120 --> 00:00:31.699
were not born yesterday, so we're not naive about this.
10
00:00:31.739 --> 00:00:35.259
We'll talk about that. I like the cover that Gerald
11
00:00:35.280 --> 00:00:37.560
Sinti had for this week's Trends Journal, which just came
12
00:00:37.619 --> 00:00:43.420
out yesterday. Vote for your favorite crime syndicate. Yeah, that's right.
13
00:00:43.700 --> 00:00:46.340
Your favorite crime syndicate. That's exactly what they are, aren't they?
14
00:00:47.240 --> 00:00:49.500
Yeah, I mean, by the deeds you shall know them.
15
00:00:50.340 --> 00:00:54.030
And they're disgusting. Yeah. Again, you go back a couple
16
00:00:54.049 --> 00:00:59.350
of weeks ago, the cover of the magazine was politicians. Arrogant,
17
00:00:59.409 --> 00:01:02.490
low-life pieces of, I can't use the other word, but
18
00:01:02.609 --> 00:01:05.450
crap that steal your money and tell you what to do.
19
00:01:05.469 --> 00:01:06.090
That's right.
20
00:01:07.060 --> 00:01:12.079
And again, it's all over the world. It's the political system.
21
00:01:12.599 --> 00:01:14.980
You know, I played a clip yesterday of Sheldon Adelson
22
00:01:15.019 --> 00:01:18.459
going back to 2013. And this guy, of course, is
23
00:01:18.519 --> 00:01:21.290
a casino owner, just like Trump. And he's an organized
24
00:01:21.329 --> 00:01:25.510
crime figure, mafia boss type of thing, and rules by intimidation.
25
00:01:25.670 --> 00:01:28.310
And he was saying in 2013, yeah, we just need
26
00:01:28.329 --> 00:01:31.000
to drop a nuke on Iran just to show them
27
00:01:31.030 --> 00:01:33.879
who's boss, right? And he told them to get in line.
28
00:01:33.920 --> 00:01:35.219
He said, yeah, we can do it out in the desert.
29
00:01:35.260 --> 00:01:37.780
How generous of him to say they could do it
30
00:01:37.799 --> 00:01:40.120
in the desert where they wouldn't kill quite as many people.
31
00:01:40.519 --> 00:01:42.620
But I guess that's the other thing that's happening with us.
32
00:01:43.230 --> 00:01:45.430
Everybody's been talking about the fact that Trump is going
33
00:01:45.489 --> 00:01:49.109
to escalate after the election. What do you think after
34
00:01:49.159 --> 00:01:51.799
the results yesterday? And as I said before, what we
35
00:01:51.840 --> 00:01:54.659
saw was a rejection that I think in both scope
36
00:01:54.799 --> 00:01:57.980
and size kind of put Trump on his back foot
37
00:01:58.099 --> 00:01:59.579
a little bit. But do you think he's going to
38
00:01:59.620 --> 00:02:03.239
recoup and escalate all this? They've sent all these carriers
39
00:02:03.299 --> 00:02:05.000
over there. There's been a lot of talk about it.
40
00:02:05.060 --> 00:02:07.739
And of course, he's still Israel's goy.
41
00:02:10.379 --> 00:02:12.860
It's a toss-up. I mean, some people say yes, some
42
00:02:12.900 --> 00:02:17.919
people say no. But again, I don't see an end
43
00:02:17.939 --> 00:02:24.050
to the war. And Trump says he's prepared to use, quote,
44
00:02:24.129 --> 00:02:30.509
tremendous powers if Democrats take control. This is before the election. Quote,
45
00:02:31.129 --> 00:02:35.960
I have the ultimate power. It's called veto, President Trump
46
00:02:36.000 --> 00:02:41.090
told CBS News. In an exclusive phone interview. Oh, CBS News?
47
00:02:41.870 --> 00:02:46.879
That was bought by the Zionist Ellison gang? Oh, that
48
00:02:46.919 --> 00:02:52.599
has Barry Weiss? A pro-Zionist? And again, shove the Zionist
49
00:02:52.680 --> 00:02:56.439
crap up your... You know what? It's a political movement
50
00:02:56.580 --> 00:03:02.310
invented by Theodor Herzl in the 1890s. So save it.
51
00:03:02.629 --> 00:03:05.969
Don't want to hear it. Oh, I'm Joe Biden. I'm
52
00:03:05.990 --> 00:03:09.280
a proud Zionist. one after another. Yeah.
53
00:03:10.969 --> 00:03:13.849
So we saw what happened to, I'm sorry, I didn't
54
00:03:13.870 --> 00:03:16.009
mean to interrupt, but you saw what happened with Greg Abbott,
55
00:03:16.210 --> 00:03:20.009
another proud scientist. And of course, it's not just, it's
56
00:03:20.030 --> 00:03:24.370
not just Israel. He's welcoming. I didn't realize that close
57
00:03:24.409 --> 00:03:26.110
to where I used to live in Texas when I
58
00:03:26.169 --> 00:03:30.990
worked for Texas Instruments, we moved there in 1980. And
59
00:03:31.389 --> 00:03:34.530
they've got the fourth largest statue in America. And it's
60
00:03:34.550 --> 00:03:38.259
this Hindu statue. I mean, And this is the Republicans
61
00:03:38.280 --> 00:03:39.830
who are telling you, oh, yeah, we want to protect
62
00:03:39.849 --> 00:03:41.710
the borders and everything. We've got to have federal police
63
00:03:41.729 --> 00:03:45.050
who are out here acting like Gestapo, doing whatever they
64
00:03:45.090 --> 00:03:48.389
wish to protect you from open border immigration. And yet
65
00:03:48.490 --> 00:03:52.879
he's basically, you know, they are he's talking about how
66
00:03:52.919 --> 00:03:54.699
diversity is our strength and all the rest of the stuff.
67
00:03:54.740 --> 00:03:56.680
And I'm all for the Indian community. I mean, these
68
00:03:56.740 --> 00:03:59.120
people in back rooms are nothing but traitors.
69
00:04:00.039 --> 00:04:04.870
Yep. They're disgusting. Yeah. Again, the politicians are just pieces
70
00:04:04.909 --> 00:04:07.629
of scum that, again, steal your money and tell you
71
00:04:07.669 --> 00:04:10.750
what to do. So this is, you know, going back
72
00:04:10.789 --> 00:04:19.079
to what's going to happen. Is Trump going to end
73
00:04:19.100 --> 00:04:23.800
the Iran war? I don't think so. Because Netanyahu is
74
00:04:23.819 --> 00:04:25.779
going to do everything he can to stay in power.
75
00:04:25.819 --> 00:04:29.110
They're both in the same situation, him and Trump. And
76
00:04:29.170 --> 00:04:31.009
they're going to ramp it up as I see it.
77
00:04:31.670 --> 00:04:33.329
Scott Ritter is saying the same thing.
78
00:04:33.350 --> 00:04:36.790
And I trust Scott Ritter and General McGregor. They were
79
00:04:36.829 --> 00:04:38.790
right about this stuff from the very beginning. They were
80
00:04:38.810 --> 00:04:41.769
talking about the massive damage that was done to the bases.
81
00:04:42.329 --> 00:04:44.649
And look at how they covered that up until just now.
82
00:04:45.370 --> 00:04:47.769
The only positive thing I see perhaps coming out of
83
00:04:47.810 --> 00:04:51.750
this would be the impeachment of Hegseth. That appears to
84
00:04:51.790 --> 00:04:54.529
be high on their list. And he is certainly a
85
00:04:54.610 --> 00:04:57.680
target-rich environment when it comes to impeachment charges, isn't he?
86
00:04:58.689 --> 00:05:01.790
Yeah, again, they're going to be stupid to try to
87
00:05:01.870 --> 00:05:05.089
impeach Trump, which is a waste of time. And both
88
00:05:05.129 --> 00:05:08.189
of them, because you need two thirds majority in the Senate.
89
00:05:08.230 --> 00:05:10.389
They're not going to get that in either one of them.
90
00:05:11.050 --> 00:05:17.689
So going back to the about the. The Iran war
91
00:05:18.269 --> 00:05:21.819
and what it cost. Iran managed to cause billions in
92
00:05:21.860 --> 00:05:25.620
damage on U.S. bases in early stage of war is
93
00:05:25.740 --> 00:05:29.889
one of the articles in this week's Trends Journal. And
94
00:05:30.129 --> 00:05:32.990
another thing that's very important and why there's not going
95
00:05:33.050 --> 00:05:37.610
to be a peace deal is because, as we wrote
96
00:05:37.629 --> 00:05:42.689
in this week's economic update in the Trends Journal, that
97
00:05:43.310 --> 00:05:47.100
among some of Iran's demands are that the U.S. releases, quote,
98
00:05:47.800 --> 00:05:54.660
its frozen assets, including funds blocked in Qatar. Do you
99
00:05:54.699 --> 00:05:57.480
know how much the United States has stolen from Iran?
100
00:05:59.730 --> 00:06:00.870
I have no idea.
101
00:06:00.889 --> 00:06:06.689
Since little Jimmy Carter, the clown boy. Yeah. That was president.
102
00:06:08.250 --> 00:06:08.569
How much?
103
00:06:08.810 --> 00:06:09.149
How much?
104
00:06:09.889 --> 00:06:14.939
Over a hundred billion dollars. So they're not going to
105
00:06:14.949 --> 00:06:17.399
give that back. Number two, this is, this is the
106
00:06:17.459 --> 00:06:17.899
quote from.
107
00:06:17.920 --> 00:06:20.339
They'll spend a hundred billion dollars on bombs before they'll
108
00:06:20.360 --> 00:06:22.240
give them back a hundred billion dollars that they stole
109
00:06:22.339 --> 00:06:22.639
one day.
110
00:06:22.759 --> 00:06:28.199
You got it. An end to us. This is, these
111
00:06:28.240 --> 00:06:32.680
are quotes. From Iran. And an end to the U.S.
112
00:06:32.759 --> 00:06:38.569
naval blockade of Iranian ports. End quote. Also to cut
113
00:06:38.649 --> 00:06:42.970
back its military presence in the Middle East. End quote.
114
00:06:44.269 --> 00:06:52.199
End to hostilities on all fronts, particularly Israeli attacks on
115
00:06:52.279 --> 00:06:58.459
Lebanon and Gaza. End quote. Ain't no way, no how,
116
00:06:59.410 --> 00:07:04.089
Israel is going to stop slaughtering people. They just killed
117
00:07:04.149 --> 00:07:06.560
another couple of people last night.
118
00:07:06.819 --> 00:07:07.199
Oh, yeah.
119
00:07:08.680 --> 00:07:15.800
But that's not news in Gaza. They've destroyed over 40
120
00:07:15.800 --> 00:07:21.829
villages in southern Lebanon. They've driven out over 1.2 million
121
00:07:21.889 --> 00:07:27.649
people out of their homes in Lebanon. And they're also
122
00:07:27.750 --> 00:07:30.850
stealing land in Syria. Israel is not going to stop
123
00:07:30.889 --> 00:07:32.769
doing this. There's not going to be a peace deal.
124
00:07:33.689 --> 00:07:35.660
The war is going to keep ramping up. That's the
125
00:07:35.699 --> 00:07:36.379
way we see it.
126
00:07:36.939 --> 00:07:39.579
I agree. You know, I've played a clip a couple
127
00:07:39.600 --> 00:07:41.420
of times this week. It was a clip that went viral.
128
00:07:42.019 --> 00:07:44.819
And the Guardian went to Israel and did some man
129
00:07:44.860 --> 00:07:47.120
on the street stuff, right? They got a young teenage
130
00:07:47.160 --> 00:07:50.000
girl and she's out there saying, oh, this is ours.
131
00:07:50.120 --> 00:07:52.029
We send them anywhere. Send them to France, send them
132
00:07:52.050 --> 00:07:57.250
to Europe or whatever. Just don't send them to Jordan, Syria, Lebanon.
133
00:07:57.430 --> 00:08:01.189
Those are ours, right? And this is really, she's saying
134
00:08:01.209 --> 00:08:04.310
the quiet part out loud. This is the general consensus
135
00:08:04.629 --> 00:08:07.970
in Israel. They believe that all of these different countries
136
00:08:08.029 --> 00:08:10.370
belong to them. And they're going to take them over.
137
00:08:10.769 --> 00:08:13.250
And they're not about to stop any of this stuff.
138
00:08:13.730 --> 00:08:13.889
Nope.
139
00:08:15.110 --> 00:08:17.209
You know, the one thing I see, Gerald, coming out
140
00:08:17.230 --> 00:08:21.449
of this that might be positive is gridlock. Just because
141
00:08:21.769 --> 00:08:23.790
of the egos of these two different parties. They don't
142
00:08:23.810 --> 00:08:26.569
want to see the other guy have any success or
143
00:08:26.629 --> 00:08:31.569
any claim that they can... claims for success. So they
144
00:08:31.629 --> 00:08:37.350
may just, out of reflexive competition, oppose each other. And
145
00:08:37.389 --> 00:08:41.940
I think gridlock is good. Unfortunately, the gridlock that Trump
146
00:08:42.019 --> 00:08:44.980
is enacting on us is really talking about our supply
147
00:08:45.019 --> 00:08:48.980
chains and the general economy. He's putting under a headlock
148
00:08:49.559 --> 00:08:52.639
and a gridlock. You've got an article about the U.S.
149
00:08:52.700 --> 00:08:55.970
trucking industry. Has hit the skids. Talk about that. How
150
00:08:56.009 --> 00:09:00.690
many trucking companies are going bankrupt because of Trump and
151
00:09:00.710 --> 00:09:01.210
his war? Over 200.
152
00:09:01.190 --> 00:09:05.509
Yeah. Over 200. And again, this is, look what's going on.
153
00:09:05.870 --> 00:09:09.740
One of our top trends this year is Gen Z revolution.
154
00:09:10.360 --> 00:09:12.620
And again, we put this out on January 2nd when
155
00:09:12.639 --> 00:09:22.700
we put them out. All over the world, Portugal, Italy, France, Spain, Albania, Tanzania.
156
00:09:23.409 --> 00:09:26.820
One country after another, young people taking to the streets.
157
00:09:26.840 --> 00:09:32.360
So now it's happening. Truckers in Italy, taxi drivers joining
158
00:09:32.799 --> 00:09:38.259
the protests. They can't afford it. They're going broke. So
159
00:09:39.080 --> 00:09:43.580
going back to this with the Democrats winning, will they
160
00:09:43.720 --> 00:09:47.440
end the Iran war? You got that guy that just
161
00:09:47.480 --> 00:09:52.080
got elected, what was it, Michigan, El-Sayed? Yeah, yeah. Right?
162
00:09:52.320 --> 00:09:55.730
He's against the Israel war, but he's pro-Ukrainian war.
163
00:09:57.269 --> 00:09:59.389
I'm not even sure that he's against the Israeli war,
164
00:09:59.409 --> 00:10:00.649
and I'll tell you why. when we come back. We've
165
00:10:00.669 --> 00:10:02.850
got to take a quick break here. At the bottom
166
00:10:02.889 --> 00:10:04.669
of the hour, we'll be right back with Gerald Slinty.
167
00:10:04.710 --> 00:10:06.909
Stay with us. Well, welcome back. And as we were saying,
168
00:10:07.450 --> 00:10:11.080
you pointed out this guy, Abdul El-Sayed, is a Democrat. So,
169
00:10:11.100 --> 00:10:13.700
of course, it's all about Russia, Russia, Russia. And he's
170
00:10:13.740 --> 00:10:16.200
not going to pull back from the Ukrainian war. I
171
00:10:16.659 --> 00:10:18.580
suspect that he's not going to even try to do
172
00:10:18.620 --> 00:10:21.639
anything Not that one senator can do anything, but I
173
00:10:21.629 --> 00:10:24.940
don't expect that he's really going to oppose what's happening
174
00:10:25.500 --> 00:10:28.679
with the Israeli wars, multiple wars as well. And I'll
175
00:10:28.700 --> 00:10:31.139
tell you why I say that, Gerald. There was a
176
00:10:31.220 --> 00:10:33.720
commercial that was at the center of this dispute at
177
00:10:33.740 --> 00:10:36.730
the last minute. You have his Democrat opponent that he
178
00:10:36.750 --> 00:10:40.809
defeated in the primaries. She then endorsed him at that point.
179
00:10:40.990 --> 00:10:46.289
And then she suddenly flipped just before the election and said,
180
00:10:46.330 --> 00:10:50.450
I'm going to support Mike Rogers, a Republican. And as
181
00:10:50.490 --> 00:10:54.710
people were talking about that, part of the dispute that
182
00:10:54.730 --> 00:10:57.549
came out between them was the fact that there was
183
00:10:57.570 --> 00:11:03.500
an ad tying the Iran war to our economic problems
184
00:11:03.559 --> 00:11:05.759
in terms of the cost of gas and all the
185
00:11:05.799 --> 00:11:08.120
rest of the stuff. And that was a bridge too
186
00:11:08.179 --> 00:11:12.340
far for her, a Democrat, a standard Democrat. She criticized him.
187
00:11:12.399 --> 00:11:14.940
This is horrific. You need to denounce this. And he says, well,
188
00:11:14.980 --> 00:11:18.710
that's not my ad. I don't support that. He would not...
189
00:11:19.149 --> 00:11:22.250
state the obvious, the fact that what we're seeing happening
190
00:11:22.289 --> 00:11:28.009
in terms of the trucking companies going bankrupt, the massive inflation,
191
00:11:28.029 --> 00:11:30.379
price inflation that we're seeing in everything because of the
192
00:11:30.480 --> 00:11:34.179
transportation costs, what we're seeing at the gas pump, he
193
00:11:34.220 --> 00:11:36.120
could not say that. And so I look at that
194
00:11:36.139 --> 00:11:37.779
and I think, well, you know, this guy is just
195
00:11:38.480 --> 00:11:43.230
a phony opposition, controlled opposition. If he can't say that
196
00:11:43.250 --> 00:11:49.049
this war for Israel is not hurting us economically. Of
197
00:11:49.070 --> 00:11:49.990
course they're tied together.
198
00:11:51.070 --> 00:11:55.450
Yeah, again, they're all clowns. It's a clown show. And
199
00:11:55.470 --> 00:11:58.740
I have to tell you, I'm surprised that the equity
200
00:11:58.789 --> 00:12:01.559
markets have gone up so high. I would have thought
201
00:12:01.600 --> 00:12:05.860
the exact opposite would have happened. Because, I mean, when
202
00:12:05.879 --> 00:12:08.840
we were on the air, the Dow was up over 1,000 points.
203
00:12:10.679 --> 00:12:12.730
Well, I think everybody knows what Trump has done to
204
00:12:12.750 --> 00:12:15.570
the economy with his tariffs and his wars and all
205
00:12:15.610 --> 00:12:18.460
these other things. So I guess they're looking at factoring
206
00:12:18.500 --> 00:12:19.860
that in is all I can think of.
207
00:12:20.799 --> 00:12:25.299
Well, the reason being is that one of the reasons
208
00:12:25.440 --> 00:12:31.710
why that guy won in Texas and that Abbott Costello
209
00:12:31.769 --> 00:12:37.070
lost the governor in Texas is because the people are
210
00:12:37.149 --> 00:12:42.909
against these AI data centers. And that's going to be
211
00:12:43.009 --> 00:12:48.480
negative for the NASDAQ Because it's going to be anti-AI.
212
00:12:49.159 --> 00:12:51.490
That should have brought down the equity markets.
213
00:12:51.769 --> 00:12:52.789
Oh, they don't think like that.
214
00:12:53.629 --> 00:12:57.190
I'm just saying that's when you're looking at what's going
215
00:12:57.429 --> 00:13:00.909
on and why these people won. A lot of them
216
00:13:00.990 --> 00:13:06.139
won because of the opposition to these big AI data centers.
217
00:13:06.820 --> 00:13:08.639
That should have brought down the equity markets.
218
00:13:09.559 --> 00:13:11.820
And of course, Abbott was a big cheerleader of the
219
00:13:11.860 --> 00:13:13.740
data centers. And at the last minute, he tried to
220
00:13:13.840 --> 00:13:16.399
flip on that. And nobody believed him on that, I
221
00:13:16.440 --> 00:13:18.679
don't think. And I wouldn't believe him on that either.
222
00:13:19.200 --> 00:13:23.179
You have an article talking about traffic through the Strait
223
00:13:23.200 --> 00:13:26.039
of Hormuz. And of course, in the last week, we
224
00:13:26.090 --> 00:13:30.070
had Donald Trump and all of his cheerleaders and propagandists,
225
00:13:30.090 --> 00:13:32.590
people like Larry Kudlow saying, oh, you've done a great
226
00:13:32.649 --> 00:13:35.250
job and oil is flowing through the Strait of Hormuz.
227
00:13:36.529 --> 00:13:38.450
I played that clip and I said, yeah, it's flowing.
228
00:13:38.509 --> 00:13:40.690
It's just not in the tankers. The tankers are at
229
00:13:40.710 --> 00:13:43.669
the bottom of the strait. And you've got these massive
230
00:13:43.870 --> 00:13:45.669
oil slicks that are out there. As a matter of fact,
231
00:13:45.710 --> 00:13:48.929
these really big oil tankers that are out there have
232
00:13:49.090 --> 00:13:52.590
eight times the capacity of the Exxon Valdez. And they're
233
00:13:52.610 --> 00:13:55.549
sinking them left and right. Both sides are bragging about that.
234
00:13:55.929 --> 00:13:59.009
So talk a little bit about that. When, as Trump
235
00:13:59.029 --> 00:14:03.019
said after the election, that the Iranians are going to capitulate.
236
00:14:03.039 --> 00:14:06.120
Of course, we know that was a lie, absurd as well.
237
00:14:06.179 --> 00:14:09.840
That's not going to happen. But even if this were
238
00:14:09.860 --> 00:14:12.259
to end today, I mean, talk about how long it's
239
00:14:12.279 --> 00:14:14.960
going to take for us to get oil flowing back
240
00:14:15.100 --> 00:14:15.960
to normal again.
241
00:14:16.679 --> 00:14:20.399
Well, they're saying several months to a year. That's the
242
00:14:20.759 --> 00:14:27.279
information coming out from the international energy agencies saying that.
243
00:14:28.000 --> 00:14:29.519
And so it's going to take a while for it
244
00:14:29.559 --> 00:14:32.559
to happen. But it'll be very positive if the war,
245
00:14:32.860 --> 00:14:36.620
if this war ends, it'll be very positive for the economy.
246
00:14:36.899 --> 00:14:37.090
Mm-hmm.
247
00:14:37.399 --> 00:14:39.000
It'll boost the people's spirit up.
248
00:14:39.309 --> 00:14:40.110
Yeah, exactly.
249
00:14:40.750 --> 00:14:41.789
No question about it.
250
00:14:42.070 --> 00:14:43.870
And so much of it is psychology, yeah.
251
00:14:44.549 --> 00:14:47.909
Yeah, but the other point is the Ukraine war is
252
00:14:47.990 --> 00:14:55.000
ramping up. And go back to 2022 when the Ukraine
253
00:14:55.009 --> 00:15:00.720
war began. What happened to energy prices? They skyrocketed higher
254
00:15:00.759 --> 00:15:06.019
than today. So if this war keeps escalating in Ukraine...
255
00:15:06.570 --> 00:15:09.429
it's not going to bring down oil prices that much.
256
00:15:10.690 --> 00:15:14.009
Yeah, and Trump said to Zelensky, he said, stop attacking
257
00:15:14.070 --> 00:15:16.309
the diesel facilities. We need to get more diesel out.
258
00:15:16.990 --> 00:15:22.919
And so Zelensky last week attacked three different refineries, Russian refineries,
259
00:15:23.059 --> 00:15:27.960
in three different days, right? So he's not paying attention.
260
00:15:28.019 --> 00:15:31.250
And yet Trump will keep sending them weapons, as you've
261
00:15:31.289 --> 00:15:33.610
talked about in the past. He could have stopped this.
262
00:15:34.070 --> 00:15:36.070
He could have stopped sending them weapons and bombs and
263
00:15:36.090 --> 00:15:37.509
all the rest of the stuff. And that would have
264
00:15:37.529 --> 00:15:41.490
done it. Look at the back and forth when, uh,
265
00:15:41.649 --> 00:15:45.509
when they lost Starlink or their star shield, the military
266
00:15:45.570 --> 00:15:48.230
version of it. And, uh, their plant, their drones just
267
00:15:48.269 --> 00:15:50.149
dropped out of the sky. I mean, all they got
268
00:15:50.169 --> 00:15:52.460
to do is just turn off their internet and they
269
00:15:52.500 --> 00:15:54.879
won't even do that. And so there was this finger
270
00:15:54.919 --> 00:15:57.600
pointing going back and forth between Musk and Trump as
271
00:15:57.620 --> 00:16:01.379
to who turned off their internet. And, um, and nobody
272
00:16:01.399 --> 00:16:05.039
went taking responsibility for this. And they, kind of look like, well,
273
00:16:05.059 --> 00:16:07.639
who's in charge? Nobody knows who's in charge of this stuff,
274
00:16:07.659 --> 00:16:10.259
but they could stop it. You know, they are really
275
00:16:10.460 --> 00:16:14.289
our surrogates. And so they're playing both sides of the street,
276
00:16:14.350 --> 00:16:16.870
just like they do with us when they run for office,
277
00:16:16.909 --> 00:16:17.210
aren't they?
278
00:16:18.049 --> 00:16:20.870
Well, look at the Ukraine war. I mean, according to
279
00:16:20.909 --> 00:16:27.580
Judge Napolitano, the United States under the Biden administration sent
280
00:16:27.639 --> 00:16:30.639
almost $ 300 billion of our money to keep the Ukraine
281
00:16:30.659 --> 00:16:36.120
war going. Yeah. And the Democrats are totally in support
282
00:16:36.539 --> 00:16:41.519
of the Ukraine war. And so is Europe. Again, we
283
00:16:41.539 --> 00:16:44.370
only put the facts in the Trends Journal about the
284
00:16:44.450 --> 00:16:50.490
money being spent in the UK, Germany, France, one country
285
00:16:50.590 --> 00:16:54.970
after another, and the EU sending more and more weapons
286
00:16:55.049 --> 00:16:57.549
and money to Ukraine to keep the war going.
287
00:16:57.570 --> 00:16:59.190
Yeah, that's right.
288
00:16:59.370 --> 00:17:02.789
And Russia has said, that if this war escalates into
289
00:17:03.110 --> 00:17:06.930
various areas of Russia, they're going to go nuclear. They're
290
00:17:06.950 --> 00:17:10.799
saying it. So there's not going to be an end
291
00:17:10.839 --> 00:17:14.099
to this Ukraine war, and that's going to keep energy
292
00:17:14.140 --> 00:17:19.160
prices going high. And as the Iran war goes, again,
293
00:17:19.259 --> 00:17:24.450
Israel's not going to stop. This is in our economic update.
294
00:17:25.450 --> 00:17:28.700
We write, We forecast that the United States will not
295
00:17:28.740 --> 00:17:31.829
agree to the Iranian demands for a peace deal, and
296
00:17:31.869 --> 00:17:34.529
both the United States and Israel will ramp up the war.
297
00:17:35.329 --> 00:17:38.369
This in turn will drive up energy, fertilizer, shipping, and
298
00:17:38.410 --> 00:17:42.829
other costs, which in turn will drag down economic growth
299
00:17:43.269 --> 00:17:47.380
and push up inflation. So it's not going to be stagflation.
300
00:17:47.430 --> 00:17:50.859
As we said, it's going to be dragflation, declining economic
301
00:17:50.920 --> 00:17:55.380
growth and rising inflation. You look what's going on around
302
00:17:55.420 --> 00:18:04.440
the world. they're raising interest rates in Australia, the EU, everywhere, everywhere,
303
00:18:04.579 --> 00:18:08.960
everywhere because of inflation. What that's going to do is
304
00:18:09.019 --> 00:18:12.339
drag down economic growth, but it's not going to do
305
00:18:12.579 --> 00:18:16.599
anything to bring down inflation. And when you look at
306
00:18:17.180 --> 00:18:24.140
the murderous acts by the politicians of inflation, just look
307
00:18:24.319 --> 00:18:27.960
in our lifetime. Again, when I was a kid, up
308
00:18:28.019 --> 00:18:31.509
until my teens, a slice of pizza and a soda,
309
00:18:31.509 --> 00:18:32.789
25 cents.
310
00:18:33.470 --> 00:18:37.309
Oh, yeah. Yeah. Yeah, it is incredible. I go back
311
00:18:37.349 --> 00:18:38.829
and I look at some of the things. I was
312
00:18:38.869 --> 00:18:42.829
looking at our diary that we had when we kept
313
00:18:42.869 --> 00:18:47.430
a diary. We got married. We went to the UK
314
00:18:47.470 --> 00:18:50.170
for our honeymoon. And so we were writing down all
315
00:18:50.190 --> 00:18:51.630
the different things that we were seeing and how much
316
00:18:51.670 --> 00:18:53.990
it was costing to do things. And I remember we
317
00:18:54.029 --> 00:18:56.710
were dirt poor. Not only had we not started our
318
00:18:56.750 --> 00:19:02.329
jobs yet, but the exchange rate for the dollar to
319
00:19:02.369 --> 00:19:05.230
the UK pound was at a record low. And yet,
320
00:19:05.289 --> 00:19:08.410
when I look at those prices that we thought were significant,
321
00:19:08.470 --> 00:19:11.619
so astronomical they wrote them down, they were dirt cheap
322
00:19:12.759 --> 00:19:17.720
by any measure today. And yeah, it is incredible what
323
00:19:17.779 --> 00:19:19.680
inflation has done to us. And it's how they make
324
00:19:19.740 --> 00:19:22.000
us poor. And they monetize the debt.
325
00:19:22.970 --> 00:19:27.789
Look what they did with the COVID war that began
326
00:19:28.150 --> 00:19:32.119
in 2020. That's right. Printing all this fake money back
327
00:19:32.160 --> 00:19:36.859
by nothing and printed on nothing. Inflation skyrocketed. Oh, shut up.
328
00:19:36.960 --> 00:19:37.640
What are you talking?
329
00:19:37.819 --> 00:19:42.380
Hey, I'm little Jerome Powell. I'm some little piece of scum.
330
00:19:42.720 --> 00:19:48.029
There's no inflation. It's only temporary. It's only transitory.
331
00:19:48.809 --> 00:19:52.039
Remember that crap? How much have housing prices gone up
332
00:19:52.500 --> 00:19:52.779
since 2020?
333
00:19:52.779 --> 00:19:56.000
Yeah, yeah. They've killed the American dream, haven't they?
334
00:19:56.000 --> 00:19:56.279
53%. Yeah.
335
00:19:56.279 --> 00:19:57.420
53%. Again, let's go back to the election.
336
00:20:05.210 --> 00:20:07.950
The data's coming out now of how many young people
337
00:20:07.990 --> 00:20:09.950
went out to vote that never went out to vote before.
338
00:20:09.970 --> 00:20:14.019
They're broke and busted. That's why this guy Mondani won
339
00:20:14.059 --> 00:20:17.119
in New York City, Gen Z. They got no future.
340
00:20:18.440 --> 00:20:20.380
And you look at the Gen Z protests, one of
341
00:20:20.440 --> 00:20:28.490
our top trends in 2026, Italy, Portugal, Spain, Albania, as
342
00:20:28.549 --> 00:20:33.049
I said, Germany, one country after another. Young people taking
343
00:20:33.069 --> 00:20:34.170
to the streets. They have no future.
344
00:20:35.109 --> 00:20:37.410
That's right. Yeah, I've said many times, when you go
345
00:20:37.430 --> 00:20:39.940
back and you look at asymmetric warfare, the Pentagon, where
346
00:20:39.960 --> 00:20:42.779
they're talking about what was motivating the people, they said, well,
347
00:20:42.799 --> 00:20:46.740
they're not Islamic jihadis. They get into that after they
348
00:20:46.759 --> 00:20:48.920
get started. They said, what motivates them? What gets them started?
349
00:20:49.019 --> 00:20:53.019
Usually the leaders are people who were well off economically,
350
00:20:53.579 --> 00:20:55.460
and they had a future. And then we come in
351
00:20:55.500 --> 00:20:57.960
with a war, and we basically have taken that future
352
00:20:57.980 --> 00:21:00.619
away from them. They have absolutely no control over their
353
00:21:00.640 --> 00:21:05.509
future and no way, no prospects. And that radicalizes them,
354
00:21:05.549 --> 00:21:08.039
and that is the basis of their asymmetric warfare. That
355
00:21:08.099 --> 00:21:10.039
is what they're doing to everybody in every country, the
356
00:21:10.079 --> 00:21:12.740
Gen Zs that you're talking about. And then you add
357
00:21:12.779 --> 00:21:16.200
to the mix the uncontrolled immigration, and you really got
358
00:21:16.420 --> 00:21:20.420
a toxic Molotov cocktail that is going to be rolling
359
00:21:20.460 --> 00:21:23.779
through the entire Western civilization in the next few years.
360
00:21:23.819 --> 00:21:25.440
Because we're at the end of the fourth turning. They're
361
00:21:25.460 --> 00:21:26.779
really accelerating things, aren't they?
362
00:21:27.519 --> 00:21:32.170
Yeah. No, this is going to— and again— There's not going
363
00:21:32.190 --> 00:21:35.029
to be any difference with the Democrats. And again, it's
364
00:21:35.069 --> 00:21:37.539
going to be stupid crap. They're going to keep going
365
00:21:37.619 --> 00:21:40.319
after Trump. And again, I can't stand Trump. I can't
366
00:21:40.359 --> 00:21:41.140
stand any of them.
367
00:21:42.599 --> 00:21:46.240
But it'll be show trials like we've seen done over
368
00:21:46.259 --> 00:21:48.660
and over again. They'll be posing for the cameras. They
369
00:21:48.700 --> 00:21:50.680
won't do anything. They can't throw him out of office.
370
00:21:50.720 --> 00:21:54.769
They can't jail him, unfortunately. And so it'll just be entertainment,
371
00:21:55.140 --> 00:21:56.250
professional wrestling, won't it?
372
00:21:57.049 --> 00:22:00.210
Yep, and Trump says he's prepared to use, quote, tremendous
373
00:22:00.269 --> 00:22:04.200
powers if Democrats take control. He said that just before
374
00:22:04.240 --> 00:22:07.599
the election on CBS. Yeah, yeah.
375
00:22:07.759 --> 00:22:10.000
And, of course, they can't, they don't have the numbers
376
00:22:10.019 --> 00:22:13.380
to overwrite his veto. The only thing is, is that,
377
00:22:13.400 --> 00:22:17.460
you know, what Trump has been doing, especially this second term,
378
00:22:18.220 --> 00:22:23.630
is accruing tremendous powers, centralizing power into the office of
379
00:22:23.650 --> 00:22:27.329
the presidency. And even though the Democrats... like to have that.
380
00:22:27.509 --> 00:22:30.000
I think they might push back against him having it.
381
00:22:30.430 --> 00:22:33.069
And so it might delay that a little bit. But
382
00:22:33.130 --> 00:22:35.559
in the same way that when he was in his
383
00:22:35.599 --> 00:22:38.640
first term, he said, well, when it comes to banning
384
00:22:38.960 --> 00:22:40.779
bump stocks or whatever, don't worry about that. I can
385
00:22:40.819 --> 00:22:43.140
do that on my own. I'll just sign a bill.
386
00:22:43.500 --> 00:22:45.940
And so he set the precedent to do gun control
387
00:22:45.960 --> 00:22:48.829
by executive order. And it's just one of many precedents
388
00:22:48.930 --> 00:22:52.109
that he has set. But I think that they will
389
00:22:52.470 --> 00:22:56.029
push back against his phony emergency's that he's used to
390
00:22:56.089 --> 00:22:58.990
create tariffs and all these other things, saying that he's now,
391
00:22:59.049 --> 00:23:01.990
because it's an emergency, because he says so, that now
392
00:23:02.049 --> 00:23:05.410
he can do whatever he wishes and there's nobody to
393
00:23:05.450 --> 00:23:09.150
stop him. And of course, Mike Johnson was running interference
394
00:23:09.190 --> 00:23:11.079
for him and made sure that nobody was going to
395
00:23:11.099 --> 00:23:12.599
try to stop him. I think you might see that
396
00:23:12.779 --> 00:23:16.680
end just because of the partisan competition that you see there.
397
00:23:16.839 --> 00:23:20.279
So I'm hopeful from a standpoint of just gridlock that
398
00:23:20.319 --> 00:23:24.599
that might help. But Again, I expect to see different
399
00:23:24.640 --> 00:23:29.140
types of problems. And what is really happening with Gen Z,
400
00:23:29.200 --> 00:23:32.029
I think, is this kind of corruption that we've seen,
401
00:23:32.069 --> 00:23:36.250
the open-in-your-face corruption from the Trump regime, is really pushing
402
00:23:36.289 --> 00:23:40.930
them towards socialism. And I think we need to reclaim,
403
00:23:40.990 --> 00:23:43.430
I had an interview that I recorded yesterday with a
404
00:23:43.470 --> 00:23:47.130
guy who's the president of AEIR, and he just wrote
405
00:23:47.150 --> 00:23:51.579
a book about how important Um, and, and it is
406
00:23:51.640 --> 00:23:54.960
to have a, um, a free market economy and have
407
00:23:55.019 --> 00:23:57.160
the freedom to be able to make these decisions. Because
408
00:23:57.180 --> 00:24:00.220
if you take that away, you're on the road to serfdom,
409
00:24:00.339 --> 00:24:03.730
as Hayek said, and you're on the road to removing
410
00:24:03.769 --> 00:24:05.390
the rule of law and all these other things. We
411
00:24:05.410 --> 00:24:07.630
need to go back and think about how we got
412
00:24:07.670 --> 00:24:09.690
to this point. Why is it that we've had a
413
00:24:10.369 --> 00:24:14.849
freedom and we've had prosperity? It's because of a civilizational aspect.
414
00:24:14.910 --> 00:24:18.269
He said, if you want to lose your civilization. You're
415
00:24:18.289 --> 00:24:21.309
going to go into a command-control economy. And that's where
416
00:24:21.349 --> 00:24:24.930
both Trump and the Democrats want to send us. And
417
00:24:25.170 --> 00:24:28.430
so these kids who think they're pushing back against Trump
418
00:24:28.470 --> 00:24:32.720
because they think that he is capitalism, they actually don't
419
00:24:32.740 --> 00:24:37.819
realize that he is a representative of a centrally-controlled economy.
420
00:24:38.519 --> 00:24:41.000
And so they think they're opposing him, but they're actually
421
00:24:41.460 --> 00:24:44.589
moving in the same direction. And the Democrats are openly
422
00:24:44.640 --> 00:24:48.569
now in... assuming the label of socialist. We had the first,
423
00:24:48.890 --> 00:24:51.410
we laughed about it because there was a link on
424
00:24:51.430 --> 00:24:54.630
the Drudge Report saying that D.C. had its first socialist mayor.
425
00:24:54.960 --> 00:24:57.220
And we said, there's not a chance that's the first one.
426
00:24:57.480 --> 00:25:00.480
Just the first one that openly embraced that label. And
427
00:25:00.500 --> 00:25:02.700
that's what you really see happening with Gen Z, I think.
428
00:25:02.740 --> 00:25:06.960
They are moving towards socialism and even Marxism in reaction
429
00:25:07.019 --> 00:25:08.880
to the corruption that we're seeing in the Trump regime.
430
00:25:08.920 --> 00:25:09.400
What do you think?
431
00:25:10.289 --> 00:25:14.059
They have no future. Again, it's global. Yeah. It's global.
432
00:25:14.119 --> 00:25:16.339
Look what's going on in France and all these other,
433
00:25:16.680 --> 00:25:18.339
they have no, again, we've.
434
00:25:18.200 --> 00:25:19.839
Talked about this. Well, a lot of corruption there as well,
435
00:25:19.900 --> 00:25:23.099
especially in Albania. I mean, everybody is looking at the corruption.
436
00:25:23.160 --> 00:25:27.039
Jared Kushner is like Mr. Corruption. They see their leader
437
00:25:27.099 --> 00:25:29.799
meeting with Jared Kushner. They know that something is going on,
438
00:25:29.839 --> 00:25:30.160
don't they?
439
00:25:30.940 --> 00:25:34.230
Serbia, they just overthrew the government there. It's one country
440
00:25:34.309 --> 00:25:37.930
after another. They have no future. Again, we've talked about
441
00:25:37.950 --> 00:25:40.470
this before. When you and I were young guys, there
442
00:25:40.490 --> 00:25:45.019
were things called hardware stores. There was no Lowe's. There
443
00:25:45.039 --> 00:25:48.779
was no Home Depot. There were local places. There were
444
00:25:48.880 --> 00:25:54.190
stationary stores. There were no Staples. There were local stationary stores.
445
00:25:54.569 --> 00:25:57.990
There were clothing stores, shoe stores, drug stores. There were
446
00:25:58.009 --> 00:26:01.029
no CVSs that owned everything.
447
00:26:01.049 --> 00:26:02.470
That's right.
448
00:26:02.549 --> 00:26:06.000
There used to be mom and pops. They're gone. The
449
00:26:06.039 --> 00:26:08.980
young people have no future. Where do you want to work?
450
00:26:09.299 --> 00:26:12.140
I think I'll drive an Amazon truck. Oh, I'd love
451
00:26:12.180 --> 00:26:15.140
to do that. Hey, remember when you and I were
452
00:26:15.180 --> 00:26:20.549
young guys, Sunday was the day of rest. Everything was closed.
453
00:26:21.130 --> 00:26:22.450
Remember those days?
454
00:26:22.529 --> 00:26:23.470
Yeah, I remember that.
455
00:26:24.150 --> 00:26:24.369
Yeah.
456
00:26:25.089 --> 00:26:27.569
I remember that. That's when we had our businesses. As
457
00:26:27.589 --> 00:26:29.940
a matter of fact, we had video stores and Uh,
458
00:26:30.059 --> 00:26:32.619
we didn't want to open on Sunday, but eventually because
459
00:26:32.640 --> 00:26:34.960
we had a lot of pressure from people and from competitors,
460
00:26:35.299 --> 00:26:37.339
we wound up opening from like one o'clock in the
461
00:26:37.400 --> 00:26:39.829
afternoon to six. So people would come in and get
462
00:26:39.869 --> 00:26:42.369
something else or drop something off. But, um, you know,
463
00:26:42.390 --> 00:26:43.990
for the longest time, we didn't even open as a
464
00:26:44.009 --> 00:26:45.849
video store. We weren't even open on Sundays.
465
00:26:46.809 --> 00:26:49.970
So that's why they're going out. They have no future.
466
00:26:51.210 --> 00:26:54.170
You look at the data or the kids going to college,
467
00:26:54.880 --> 00:26:58.059
they can't find jobs all over the world. And now
468
00:26:58.119 --> 00:27:00.640
what are they doing? Less kids are going to college
469
00:27:00.680 --> 00:27:02.700
and more of them are going into learning how to
470
00:27:02.740 --> 00:27:05.720
be plumbers, electricians, this or that, because they know they
471
00:27:05.740 --> 00:27:09.380
have no future in the other thing. So this is serious.
472
00:27:09.859 --> 00:27:14.119
And again, look what just happened with this election. All
473
00:27:14.160 --> 00:27:17.289
the money that the Musks and the others put into
474
00:27:17.309 --> 00:27:20.069
the election, the billionaires, and they lost.
475
00:27:20.589 --> 00:27:23.329
That's right. Yeah, what did he put in? About $ 400
476
00:27:23.250 --> 00:27:24.049
million or something?
477
00:27:24.549 --> 00:27:27.890
Yeah, that's what the numbers are, yep. And you mentioned
478
00:27:27.910 --> 00:27:33.809
that Sheldon Adelson. He's the guy that gave Trump, what,
479
00:27:34.250 --> 00:27:37.609
I forgot how many hundreds of millions. Oh, yeah.
480
00:27:37.730 --> 00:27:41.150
It was at least 250 in the 2020 cycle.
481
00:27:41.950 --> 00:27:42.150
Yeah.
482
00:27:42.539 --> 00:27:43.920
And Miriam is still giving him money.
483
00:27:44.779 --> 00:27:48.859
Yep. And what did Trump do after he got the money? Hey,
484
00:27:49.200 --> 00:27:52.279
get the embassy out of Tel Aviv and move it
485
00:27:52.299 --> 00:27:55.819
to Jerusalem. Hey, you know that land you stole from
486
00:27:55.859 --> 00:28:02.029
the Syrians? It's yours. Yeah, that's the Sheldon Adelson Trump thing.
487
00:28:02.329 --> 00:28:06.089
It's a crime syndicate in front of everybody's eyes that
488
00:28:06.170 --> 00:28:10.630
morons and imbeciles call a government. Again, on both sides. Again,
489
00:28:10.650 --> 00:28:12.170
we forgot about genocide, Joe.
490
00:28:12.619 --> 00:28:15.259
Yeah, yeah. You know, one of the things I talked
491
00:28:15.279 --> 00:28:19.519
about just before you came on is a billionaire who
492
00:28:19.559 --> 00:28:22.609
inherited the Estee Lauder fortune. His name is Ron Lauder.
493
00:28:22.619 --> 00:28:25.359
And I've played quote after quote from him. where he's
494
00:28:25.400 --> 00:28:27.680
out there talking about how they really need to clamp
495
00:28:27.700 --> 00:28:30.329
down on anybody that criticizes the state of Israel. You're
496
00:28:30.349 --> 00:28:33.490
instantly a racist, and you need to not only be canceled,
497
00:28:33.509 --> 00:28:35.210
but you need to have some real teeth in this.
498
00:28:35.230 --> 00:28:37.089
We need to punish people with the government. Send them
499
00:28:37.109 --> 00:28:39.190
to jail and all the rest of the stuff. This guy,
500
00:28:39.250 --> 00:28:42.910
who is president of the World Jewish Congress, the guy
501
00:28:42.930 --> 00:28:47.220
who is the father-in-law of the Federal Reserve Chair, Kevin Warsh,
502
00:28:47.640 --> 00:28:50.039
he just had an interview with Haaretz. Did you see that?
503
00:28:51.000 --> 00:28:54.480
He basically trashed Israel. And this is a guy who
504
00:28:54.519 --> 00:28:57.759
has given vast sums of money to Bibi Netanyahu. And
505
00:28:57.779 --> 00:29:00.039
to paraphrase what he was saying, he said, it's just
506
00:29:00.119 --> 00:29:02.940
a one-man show. It's a dictatorship. And he says, I
507
00:29:03.009 --> 00:29:06.869
am so disgusted with that country. And the interviewer from
508
00:29:06.970 --> 00:29:11.309
Haaretz said he stopped talking and he made a gesture
509
00:29:11.349 --> 00:29:15.309
like he was vomiting. And he said, I'm disgusted with
510
00:29:16.069 --> 00:29:18.430
the leadership there. I'm disgusted with the Israeli people. I
511
00:29:18.470 --> 00:29:19.849
think that's one of the things that came out of
512
00:29:19.890 --> 00:29:23.170
the election last week. I think people could see. Just
513
00:29:23.230 --> 00:29:27.900
how widespread the support for these genocidal policies and invading
514
00:29:27.940 --> 00:29:30.940
other countries, how widespread that support was. They don't think
515
00:29:31.019 --> 00:29:35.569
that Netanyahu is tough enough. Now, I think that Ron
516
00:29:35.730 --> 00:29:40.730
Lauder is, I keep saying Lauder, it's Lauder. I think
517
00:29:40.789 --> 00:29:44.450
that he's perhaps not being totally straight up with this.
518
00:29:44.509 --> 00:29:46.690
He may just be trying to cover himself, but he
519
00:29:46.730 --> 00:29:49.279
can read the tea leaves and he can see how
520
00:29:49.359 --> 00:29:52.539
much pushback there is against what has been happening there.
521
00:29:52.559 --> 00:29:54.819
I think he's just trying to protect himself.
522
00:29:56.440 --> 00:29:58.759
Again, you look at what happened, though, in the elections
523
00:29:58.839 --> 00:30:03.079
in Israel. the Likud party still has a majority.
524
00:30:03.880 --> 00:30:06.970
That's right. They agree with that. And the issues that
525
00:30:06.990 --> 00:30:09.349
they had with him was that they didn't think that
526
00:30:09.390 --> 00:30:12.230
he was militaristic enough. They didn't think he was killing
527
00:30:12.269 --> 00:30:15.289
enough of the other people. And it wasn't that they
528
00:30:15.470 --> 00:30:17.289
wanted peace. I mean, they had a massive number of
529
00:30:17.309 --> 00:30:20.670
people who flew to Israel to vote in their elections.
530
00:30:20.710 --> 00:30:22.950
And I thought that was kind of instructive that they
531
00:30:22.970 --> 00:30:25.630
couldn't vote by mail. They had to come and vote
532
00:30:25.750 --> 00:30:28.720
in person and so forth. But you had people who
533
00:30:28.740 --> 00:30:31.299
were spending a lot of money flying there. They estimated
534
00:30:31.339 --> 00:30:34.759
about 70,000 people flew in because they were disgusted by
535
00:30:34.779 --> 00:30:36.900
what they were seeing happening in the state of Israel,
536
00:30:36.920 --> 00:30:40.180
the people that were Jewish. And, uh, yet the people
537
00:30:40.200 --> 00:30:42.710
who live there are hardcore about it. They not only
538
00:30:42.930 --> 00:30:45.569
are unashamed of the genocide, they want it harder.
539
00:30:46.410 --> 00:30:51.990
Yep. And again, either party is, we wrote, uh, forgot
540
00:30:52.009 --> 00:30:58.279
the guy's name, uh, Eisencott or something like that, who, uh, he, he's, he's,
541
00:30:58.339 --> 00:31:04.230
he's as, uh, Zionist as Trump, as Trump, as Trump,
542
00:31:04.329 --> 00:31:08.369
as Netanyahu, Trump, Greenberg, Iceberg. What's the difference?
543
00:31:08.470 --> 00:31:11.890
It's all the same club, isn't it?
544
00:31:11.910 --> 00:31:16.769
Yeah. And we ain't in it. Yeah. They're all genocide pros. Yeah.
545
00:31:17.109 --> 00:31:20.049
And this war is going to just continue to escalate.
546
00:31:20.789 --> 00:31:24.579
And Iran is really ramping up, and they're making it
547
00:31:24.619 --> 00:31:27.900
very clear that if they're attacked, this thing is really
548
00:31:27.920 --> 00:31:29.059
going to escalate big time.
549
00:31:29.519 --> 00:31:32.599
Yeah, that's right. I got a comment here from Sidney Falco.
550
00:31:32.619 --> 00:31:34.339
He says, I have to drive 40 minutes to work
551
00:31:34.880 --> 00:31:38.039
with fuel and automobile costs. It's hardly worth the $ 17
552
00:31:37.980 --> 00:31:40.000
an hour, and I don't even have to pay rent
553
00:31:40.420 --> 00:31:43.309
or power bills. I have no idea how other people
554
00:31:43.329 --> 00:31:45.890
are making ends meet. And that really is the issue.
555
00:31:45.950 --> 00:31:49.589
One of the things that I was talking about yesterday
556
00:31:49.609 --> 00:31:51.710
in that interview that we talked about was exactly what
557
00:31:51.730 --> 00:31:54.380
you're talking about, the fact that we don't have mom-and-pop
558
00:31:54.390 --> 00:31:57.230
stores anymore. That used to be the foundation of our
559
00:31:57.250 --> 00:31:59.569
understanding of the importance of the free market because that
560
00:31:59.609 --> 00:32:02.730
really is a free market. That really is a situation
561
00:32:02.769 --> 00:32:05.269
where you're competing one-on-one with a guy across the street
562
00:32:05.309 --> 00:32:08.640
or down the street or whatever. It isn't like Wall
563
00:32:08.660 --> 00:32:12.799
Street where people can run a company, a corporation, and
564
00:32:12.839 --> 00:32:16.940
they can lose money for 20 years and still keep going.
565
00:32:18.059 --> 00:32:20.099
It's kind of interesting what Wall Street does. It's kind
566
00:32:20.119 --> 00:32:24.069
of like the Federal Reserve Bank in terms of financing governments.
567
00:32:24.509 --> 00:32:26.349
And so they don't have to be competitive. They don't
568
00:32:26.369 --> 00:32:28.190
even have to make a profit. They just got to
569
00:32:28.230 --> 00:32:30.869
tell a good story and people keep funding them. And
570
00:32:30.910 --> 00:32:34.309
so we have lost that basic understanding and appreciation of
571
00:32:34.329 --> 00:32:36.849
what the free market is for people who no longer
572
00:32:36.930 --> 00:32:39.910
have an ability to participate in that. And as you
573
00:32:39.930 --> 00:32:41.779
point out, the younger people were coming up, they look
574
00:32:41.839 --> 00:32:43.819
at it and it's like, well, what they've been told
575
00:32:44.559 --> 00:32:46.380
is you go to college and then you get a
576
00:32:46.420 --> 00:32:48.240
job and it's going to be good. All those jobs
577
00:32:48.279 --> 00:32:51.170
are being cut off now. And they're bragging about it,
578
00:32:51.420 --> 00:32:54.279
saying they're cutting off everybody's jobs with AI. What do
579
00:32:54.299 --> 00:32:57.759
you think? I mean, everybody is looking at this AI
580
00:32:57.819 --> 00:33:00.420
bubble and expecting it to burst at some point, but
581
00:33:00.460 --> 00:33:03.259
yet it keeps going on and on. What is it
582
00:33:03.279 --> 00:33:06.380
that's going to be the controlling factor in this? It
583
00:33:06.420 --> 00:33:09.630
looked like they had a pin. Once they started putting
584
00:33:09.710 --> 00:33:13.309
out the IPO information for Anthropic, people could see just
585
00:33:13.369 --> 00:33:16.430
how shaky the economics were. We've had people like Ed
586
00:33:16.450 --> 00:33:19.910
Zytron and others say, look, another economist went back. He said,
587
00:33:20.250 --> 00:33:23.059
I've calculated by all these different metrics in terms of
588
00:33:24.140 --> 00:33:26.559
productivity per employee and so forth. He said all these
589
00:33:26.680 --> 00:33:28.579
companies that are spending a lot of money on AI,
590
00:33:28.980 --> 00:33:31.200
they're not seeing any profit off of this. I mean,
591
00:33:31.220 --> 00:33:37.079
they're seeing humongous profits from the AI companies themselves, but
592
00:33:37.119 --> 00:33:40.799
they're also going into massive debt. And there appears to
593
00:33:40.859 --> 00:33:45.039
be a bit of a problem in terms of having
594
00:33:45.099 --> 00:33:48.420
sufficient capital to make the investments that they say that
595
00:33:48.480 --> 00:33:50.579
they need to make. So what do you think is
596
00:33:50.599 --> 00:33:52.039
going to happen with that? Is it going to be
597
00:33:52.099 --> 00:33:54.410
the financial statements? Is it going to be the fact
598
00:33:54.450 --> 00:33:57.049
that they run out of credit? They want to have
599
00:33:57.069 --> 00:33:59.710
over a trillion dollars worth of expansion in these data centers.
600
00:33:59.769 --> 00:34:02.410
But as he was calculating, he said, I can only
601
00:34:02.470 --> 00:34:04.869
find about $ 130 billion that they can lay their hands
602
00:34:05.009 --> 00:34:08.469
on without going into massive debt. And it's that plus
603
00:34:08.570 --> 00:34:11.559
the debt of the federal government is really creating a
604
00:34:11.639 --> 00:34:13.900
crunch in the capital markets. What do you think that's
605
00:34:13.940 --> 00:34:14.380
going to do?
606
00:34:15.300 --> 00:34:19.000
Again, it's global with the debt and the real debt
607
00:34:19.019 --> 00:34:22.469
level of the United States, according to Fortune magazine and
608
00:34:22.550 --> 00:34:26.670
others is over 126 trillion, not 40 trillion. Look what's
609
00:34:26.710 --> 00:34:29.130
going on in France with their debt level, where the
610
00:34:29.170 --> 00:34:34.679
debt to GDP in the United States is 100. I mean, look,
611
00:34:34.780 --> 00:34:37.860
it's ridiculous. And how much it's gone up in just
612
00:34:37.900 --> 00:34:42.659
the last 10 years. So there's going to be the
613
00:34:42.760 --> 00:34:45.230
bubble is going to break. What's going to cause it?
614
00:34:45.260 --> 00:34:49.389
Who knows? But look at the KOSPI index in South Korea.
615
00:34:49.980 --> 00:34:55.500
the Chinese indexes, they're all going down on the AI.
616
00:34:55.900 --> 00:34:59.550
It's way over investment and the money's not coming in.
617
00:34:59.570 --> 00:35:02.210
There's going to be a bust. And again, I would
618
00:35:02.230 --> 00:35:06.030
have thought that the markets would have went down today
619
00:35:06.610 --> 00:35:13.090
because of the Democrats winning and the opposition people have
620
00:35:13.110 --> 00:35:16.070
to the AI data centers where a lot of this
621
00:35:16.130 --> 00:35:19.139
money is going into. So the crash is going to happen.
622
00:35:19.280 --> 00:35:22.619
And when the crash happens, oh, by the way, did
623
00:35:22.639 --> 00:35:26.019
you see gold prices went up like $ 117? Did they
624
00:35:26.940 --> 00:35:29.039
this morning after the election?
625
00:35:29.059 --> 00:35:30.940
That's one thing I didn't check. I didn't look at
626
00:35:30.960 --> 00:35:32.860
gold prices. So what is going on with gold? I mean,
627
00:35:33.420 --> 00:35:35.739
I've seen some explanations, and some people are saying, well,
628
00:35:37.090 --> 00:35:41.730
there's so much concern about sovereign liquidity that people are
629
00:35:41.750 --> 00:35:43.969
worried that the central banks are going to start selling
630
00:35:44.010 --> 00:35:47.489
off gold massively. And so that has been factored in.
631
00:35:47.940 --> 00:35:49.639
With all this, I don't know that they have started
632
00:35:49.679 --> 00:35:51.960
selling that off. We did see that in the aftermath
633
00:35:52.019 --> 00:35:54.059
of the beginning of the war. We saw some of
634
00:35:54.079 --> 00:35:59.809
the countries that were very reliant on importing oil, and
635
00:36:00.130 --> 00:36:01.710
the ones who were producing oil were going to see
636
00:36:01.750 --> 00:36:04.550
their income go down. So they started cashing in the gold,
637
00:36:04.949 --> 00:36:07.349
which is what it's there for. But what do you
638
00:36:07.389 --> 00:36:08.849
think in terms of gold? Let's talk a little bit
639
00:36:08.889 --> 00:36:09.349
about that.
640
00:36:10.300 --> 00:36:15.460
I'm very bullish on it because it's the number one
641
00:36:15.539 --> 00:36:18.869
safe haven asset. And you just saw what happened with
642
00:36:18.889 --> 00:36:20.369
the crypto thing with this.
643
00:36:20.630 --> 00:36:21.389
Oh, yeah.
644
00:36:21.769 --> 00:36:25.489
Popping the money out of it. It's fake stuff. It's
645
00:36:25.510 --> 00:36:26.710
just digitized.
646
00:36:26.909 --> 00:36:27.340
That's right.
647
00:36:27.380 --> 00:36:33.900
Gold, when the equity markets crash, we're forecasting gold prices
648
00:36:33.920 --> 00:36:37.039
are going to spike. Reality will hit the street. Again,
649
00:36:37.539 --> 00:36:41.480
why did the Democrats do so well? Look at the data.
650
00:36:42.239 --> 00:36:46.869
As that guy Carville used to say, it's the economy, stupid. Yeah.
651
00:36:47.079 --> 00:36:52.119
The people are disgusted. They're broken busted. So the reality
652
00:36:52.159 --> 00:36:55.690
of how bad the economy is becomes a reality when
653
00:36:55.730 --> 00:36:59.929
the equity markets crash. They ignore it until the equity
654
00:36:59.969 --> 00:37:03.570
markets crash. When the equity markets crash, which we believe
655
00:37:03.590 --> 00:37:06.670
they're going to be a dot-com bust, 2.0, that's when
656
00:37:06.690 --> 00:37:08.349
you're going to see precious metals spike.
657
00:37:08.679 --> 00:37:11.699
Yeah. And it's worth, as you point out many times,
658
00:37:11.719 --> 00:37:15.349
you don't make predictions. You look at trends. And, of course,
659
00:37:15.369 --> 00:37:17.789
you go back and you look at the securitization real
660
00:37:17.809 --> 00:37:20.329
estate market fraud that was perpetrated out of Wall Street
661
00:37:21.070 --> 00:37:24.210
back in 2007, 2008. It took a very long time
662
00:37:24.250 --> 00:37:27.969
for that to happen. Because the fraud was so widespread
663
00:37:28.010 --> 00:37:30.230
and so many people were participating in it, they were
664
00:37:30.250 --> 00:37:33.670
able to keep that scheme going for a while. And
665
00:37:33.769 --> 00:37:36.210
some of the people who had bet against it and
666
00:37:36.230 --> 00:37:39.889
had taken out shorts almost lost everything because their contracts
667
00:37:39.909 --> 00:37:41.949
were expiring. They didn't expect that they could keep that
668
00:37:41.989 --> 00:37:44.010
thing going as long as they did. And I think
669
00:37:44.030 --> 00:37:45.949
that's what we're looking at now. We're looking at something
670
00:37:45.969 --> 00:37:48.869
that's even bigger, even more fraudulent. When you look at,
671
00:37:48.949 --> 00:37:53.780
as you referenced, the hacking of Binance, over $ 6 billion
672
00:37:53.840 --> 00:37:56.599
disappeared with that stuff. That's why they want to get
673
00:37:56.699 --> 00:37:59.119
us into digital gold. That's why they want to get
674
00:37:59.179 --> 00:38:03.579
us into stable coins, because it goes, if you want
675
00:38:03.599 --> 00:38:05.429
to know how that's going to work out, just go
676
00:38:05.469 --> 00:38:10.510
back and look at the securitization mortgage fraud that happened 2007, 2018.
677
00:38:10.510 --> 00:38:13.329
If they can steal homes and real estate and suck
678
00:38:13.369 --> 00:38:14.690
the value out of them, what do you think they're
679
00:38:14.710 --> 00:38:15.550
going to be able to do if you put all
680
00:38:15.590 --> 00:38:20.550
your money into their tokenized network that they're setting out there?
681
00:38:20.570 --> 00:38:22.730
It's very dangerous, I think, for people. They should be
682
00:38:22.750 --> 00:38:23.210
aware of that.
683
00:38:23.989 --> 00:38:27.130
And again, going back to the bust, we took out
684
00:38:27.150 --> 00:38:30.409
the domain name, the panic of 08, November 2007. Look
685
00:38:31.610 --> 00:38:36.210
what they did. The bankster bandits caused this problem. Hey,
686
00:38:36.250 --> 00:38:37.909
you don't have a job? You're out of work? You're
687
00:38:37.929 --> 00:38:39.739
deep in debt? Don't worry about it. You got a
688
00:38:39.780 --> 00:38:41.460
subprime mortgage. Sign over here, right?
689
00:38:41.519 --> 00:38:42.420
Yeah, that's right.
690
00:38:42.699 --> 00:38:46.920
The Federal Reserve, according to the Bard College, the Levy
691
00:38:46.940 --> 00:38:53.670
Institute at Bard College, bailed out the Bankster Bandits $ 29 trillion. Wow.
692
00:38:54.429 --> 00:38:58.829
As people are losing their homes, hey, I'm JPMorgan Chase.
693
00:38:59.889 --> 00:39:02.929
I'm Bank of America. Give us the money. That's right.
694
00:39:03.880 --> 00:39:07.059
And give them 0% interest rates to pay it back.
695
00:39:07.099 --> 00:39:08.900
And then they brag, oh, we paid all the money back. Yeah,
696
00:39:08.920 --> 00:39:10.699
because the federal government handed it to you with one
697
00:39:10.719 --> 00:39:12.090
hand and you handed it back with the other and
698
00:39:12.110 --> 00:39:15.349
pretended that you had paid it back. Got a tip
699
00:39:15.369 --> 00:39:18.449
here from Scott Helmer. Thank you very much. He said, Republican, Democrat, Independent,
700
00:39:18.489 --> 00:39:21.969
just different flavors of slavery. We got our rights from God.
701
00:39:22.190 --> 00:39:24.650
And he says it's the same club and they're beating
702
00:39:24.710 --> 00:39:27.469
us over the head with it. That was actually my comment. Oh,
703
00:39:27.969 --> 00:39:30.429
that's your comment. I agree with that, Travis. Thank you
704
00:39:30.469 --> 00:39:34.199
so much. And again, Gerald Slinty, TrendsJournal.com. Use the code
705
00:39:34.280 --> 00:39:36.539
NIGHT to save 10%. Thank you, Gerald.
706
00:39:37.280 --> 00:39:37.679
Thank you.
707
00:39:48.559 --> 00:39:54.719
The Common Man. They created common core to dumb down
708
00:39:54.760 --> 00:39:58.420
our children. They created common past to track and control us.
709
00:39:58.900 --> 00:40:02.820
Their commons project to make sure the commoners own nothing.
710
00:40:03.809 --> 00:40:10.389
And the communist future. They see the common man as simple, unsophisticated, ordinary.
711
00:40:11.449 --> 00:40:14.760
But each of us has worth and dignity created in
712
00:40:14.780 --> 00:40:19.420
the image of God. That is what we have in common.
713
00:40:20.079 --> 00:40:22.900
That is what they want to take away. Their most
714
00:40:22.940 --> 00:40:28.420
powerful weapons are isolation, deception, intimidation. They desire to know
715
00:40:28.639 --> 00:40:33.360
everything about us while they hide everything from us. It's
716
00:40:33.400 --> 00:40:36.429
time to turn that around and expose what they want
717
00:40:36.449 --> 00:40:40.329
to hide. Please share the information and links you'll find
718
00:40:40.690 --> 00:40:44.869
at TheDavidKnightShow.com. Thank you for listening. Thank you for sharing.
719
00:40:50.769 --> 00:40:53.159
If you can't support us financially, please keep us in
720
00:40:53.179 --> 00:40:55.969
your prayers. TheDavidKnightShow.com
