Gerald Celente (07/26/2019) — HOW DEEPLY THE POPULIST MOVEMENTS ARE MOVING IN

Gerald Celente (07/26/2019) — HOW DEEPLY THE POPULIST MOVEMENTS ARE MOVING IN



Lennie's perhaps most well-known trends forecaster in the world and it's always a joy to speak with him mr. cilenti thanks for the time again today and welcome back thanks for having me on mic well Gerald the trends Journal is forecasting economic 9/11 as one of the big trends for 2019 there are plenty of indicators which support your thesis for a major slowdown debt levels both public and private have exploded China is slowing down and all the stimulus and Europe has failed to generate results their higher interest rates are hurting everything from real estate to auto sales etc but none of this is reflected in the stock markets which are roaring higher once again it looks like the Fed is up to its old tricks promising to stop the rate hikes they had planned and the program for selling bonds the constant intervention of the Fed has always been one of the major wildcards when trying to predict where things are headed in recent years what do you think can the central bankers kick the can one more time to avoid a recession or are they finally going to lose control in the months ahead well I think you've summed everything up pretty well in analyzing it in the general situation when we made that forecast of an economic 9/11 you remember our trends for the new year go out in December and in December we just saw the Dow have it's the worst month since the Great Depression and all of a sudden on January 4th 2019 it all turned around so what happened was the Federal Reserve Chairman bent over to trump and he backtracked on his aggressive stance of 2018 when they raised interest rates four times and there was schedules race them three to four more times in 2019 he said he would be patient in late January they said it again that they would be patient there were no hurry raising interest rates that changed our forecast because what they've done is they've injected more monetary methadone into the bull to keep it running and you can see what was happening when they were going to pull the needle out the bull was dying it was OD'ing already now they just got it going once again and you mention while and that's exactly why nobody could predict the future there are too many wildcards whether they're man-made or made by mother nature well of course now I have to be proper and politically correct whether women made were made by father nature so what happened was they played the wild card and the fact is whether it was fear of a set audit was just pressure from Trump we listed all the times he called us said loco and crazy how disgusted was with them throughout 2018 beginning in July until they did a backtrack so now what we're looking at Mike it's the presidential reality shows already heating up and Trump is going to do everything he can to keep the economy pumping along or I should say trumping along and remember the cat's in the real estate business so too is son-in-law the family the Kushner's it's real estate and you mentioned about real estate prices going down I mean what happening in December we saw a Southern California home sales plunged 20% in December to the lowest pace in 11 years so when those interest rates got around 5% for 30-year mortgage you can see the big reversal so not only do we see the Fed not raising interest rates in 2019 we should see them aggressively bringing them down if the economy starts to slow down they raised them nine times since 2015 they calo from nine times this year certainly has the potential to be one for the history books in Europe we spoke when you were last with us in December about the yellowjacket protests in France they are ongoing and there is reason to think they may be a bigger deal than the conventional media is letting on its it is possible that President McCrone may be forced out which would be quite a populist victory there should also be finally a resolute with regards to brexit in the months ahead what is your take on the events in Europe Gerald will the populace and anti-eu forces be able to win this year or wool establishment forces be able to fend off these attacks for a while longer yet well they're doing the best to fend them off for you mentioned macron and you had his popularity rating was down to 27% now he's moved back up a bit to 32% and they're really really doing everything they can to stop the protests from going you know what hypocrisy by the way in the way the media covers what's going on in Venezuela and when a few people were killed week or so ago when they were trying to bring in that so-called humanitarian aid and then you look what's going on in France and how many people have been killed and the violence being you know with the rubber bullets being shot out at them and people losing their eyes and and on and on and how the difference in the coverage is in France it's okay in Venezuela it's terrible so we think what's going to happen in Europe is they're going to do everything they can to suppress any kind of populist movements and we're going to see what happens with the elections coming up to the European Parliament later this year and that's going to here's the indicator of how deeply the populist movements are moving in but right now it's a war between those that want more globalism and those don't want to retain their culture their nationality and their ethnic identity you touched on it here but how about Venezuela Jarrell what is your take on what's happening there as the u.s. looks to exert some of its influence to overthrow the Maduro regime and then let's also get your comments about Venezuela not being able to get its gold back what do you make of events there well again you know this is the the perfect example of what America's been doing in Central America for over a hundred years you could not be clearer than it's a to attempt and I love the language they use by the way you know this guy grideau he all of a sudden declares himself I'm the interim president of Venezuela and of course we covered this very deeply in our trends Journal that he was brought to the United States prior to that a number of times and this is a outright coup attempt and in our November Trends Journal remember this didn't happen until January late January our November trends Journal as there is a keynote story it's called the triangle of death and we had forecast at Brazil Colombia and Argentina would form a triangle of death aimed at Venezuela with the United States behind the movement and that's precisely what has happened and that's what the trends journal is about and while they you can't you can't make this stuff up we got a bunch of clowns out there talking about bringing democracy to Venezuela how many times have I heard that BS in my life oh yeah you're gonna do in a rock right no no is Libya I got it Syria Sun has to go we need democracy at one time after another it's all about oil if the major export was broccoli and not oil there'd be no demands by America's presidents Obama and Bush the spilled blood and destroy those oil-rich sovereign nations that I named and the same thing about Venezuela and if you don't believe me ask the clown that's playing how a National Security Advisor John Bolton quote we're in conversation with major American companies now it would make a difference if we could have American companies produce the oil in Venezuela it would be good for the people of the United States and quote kind of what it's all about it's always felt oil just follow the oil and sure enough there you go their conflict seems to surround it switching gears here a little bit gold and silver prices are certainly holding up well here given the rally and the stock markets and the relative strength and the US dollar it's it's hard to have too much confidence in the paper prices of metals as we've talked about before there's been too much evidence of rigging and cheating by the bullion banks with the tacit blessing of the regulator's including the Fed but we don't think they can control the markets forever particularly the physical bullion markets there is an ongoing investigation by the Department of Justice into the metals rigging and the FBI is getting cooperation from a former JPMorgan trader as well as the documents and recordings turned over by Deutsche Bank a couple years ago and there are some civil class-action suits pending attorneys there are watching the progress for the criminal investigation licking their chops so this is a new territory please give us your thoughts if you would if you've been following this story at all and then please tell us what you think generally about the metals markets here Gerald yeah well it would be like everything else you know I mean look at the banksters that were convicted of fraud outright fraud five major banks just see any heads roll did anything change nothing will change it'll come in and go out however what the central banks are doing as you will know is they bought more gold in 2018 than they didn't have century so they know this whole Ponzi scheme of a two hundred and fifty trillion dollar debt bubble is going to explode the reality is no one knows when we can make the forecasts based on the current events forming future trends but again when what happened was out of nowhere the Federal Reserve Chairman comes out on a day where the employment numbers come out and January fourth and we created over three hundred thousand jobs and it showed that yearly increases of wages was the best in ten years two reasons not to quoting patients with interest rates they should have raised them with that kind of data so what I'm saying Mike is you never know so what's going to bring this market down as we see it is a wild card event that's what's going to do it something that you can't predict being it a war with well look at the war now you know the war talk going on and the the bombing runs committed by Pakistan and India what if those two nuclear-armed countries go at it what happens if the push for war with Iran that keeps heating up is ignited you see oil prices go to $100 a barrel you kiss the markets and world economies goodbye so that's where gold comes in it's the safe haven asset you know I've been on your show a lot of times and I've been saying but I don't know how long at the bottom price of gold is $1200 so that all of 2018 I believe it hit 1185 now a day or two and now it's over $1300 an ounce it we keep saying it has to break over 1385 to gain strength and the breakout point is 1450 I'm just saying that for nearly what's going on six years almost but and it hasn't done that so when it breaks over the 1450 mark we believe will spike to the 2000 mark getting back to something you touched on earlier with the Federal Reserve likely not looking to raise interest rates this year at all maybe even cutting when the markets start to realize that that's what's happening is that maybe one of those kind of explosive situations for precious metals once the real interest rates actually turn negative it'll put more cheap money into the system but it'll be positive for gold because the more expensive the dollar gets the opportunity holding of gold becomes less attractive the cheaper the dollar the lower the dollar the lower interest rates the more attractive gold becomes again we don't see at this point despite the pressures going on globally with Japan and Europe and China in a economic slowdown we don't see a recession right now in the United States particularly because they're going to do everything they can to generate a moderately strong economy prior to the 2020 elections well finally as we close here do you have any final thoughts for investors about any other trends that you may be watching that we perhaps didn't touch on and then also anything else that you care to mention as we wrap up here today well yeah the the things to look at where the markets are also going of course our copper prices dr. copper it's called in a trade and that means that copper is an indicator of the health of the global economy so right now we're seeing copper having about a 12% increase this year and still you know relatively low but it's up from it's from July 2018 again a 12% hit this year that's on this showing strength and China is one of the largest purchases of copper they get over 50% of the new stuff developed so it shows us that yes tis going to be a slow down again but not a decline and one of the big trends that we keep watching and we've been on this one of the first it was a trends Journal and that's the whole cannabis trend and this is just the beginning of it we're in 1933 and they just lifted prohibition and everybody's getting in the alcohol business but this is even much bigger because not only the cannabis in terms of hemp being legalized and all the medical benefits of cannabis are going to be explored more and more as I say if the naked fetus can it heal us and the irony of all this by the way is the same criminals that criminalized it that ruined the lives of millions of people to smoke in a joint – getting caught selling an ounce and throwing him in jail and three strikes they're out the millions and when you add up the families that were destroyed probably the tens of millions if not hundreds of millions over the decades these are the same criminals now that are giving us the regulations to D legalize God's plant and of course the only reason they're this political mafia is involved in it is because they want their cut and that's called taxes and you have places like juries in New Jersey over here where they're gonna put $42 an ounce tax on it it's a criminal operation and that's the only reason they're legalizing it should have always been legal but the reason they're legalizing it is just to get more money from taxes because we're talking about that debt bubble and you got one blowing up everywhere they need more money and will do anything they can to get it so you're gonna see this whole cannabis trend continuing to explode globally well we'll leave it there for now Gerald we really appreciate the time once again today and

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