WEBVTT - Is the Fed Behind Our Economic Collapse? | Gerald Celente 0:00:00.240 --> 0:00:02.960 I just said to you what Kennedy said in nineteen 0:00:03.320 --> 0:00:06.000 sixty three that if we go to war with the 0:00:06.000 --> 0:00:09.080 Soviet Union, life on Earth will be destroyed in twenty 0:00:09.080 --> 0:00:10.320 four hours. 0:00:10.039 --> 0:00:14.480 A fed bell out of twenty nine trillion dollars, rates down, 0:00:14.640 --> 0:00:18.000 markets up, and nuclear war on the horizon. Of course, 0:00:18.079 --> 0:00:21.920 then media propaganda and censorship comes next, and these are 0:00:21.920 --> 0:00:24.720 the things that we're facing. Talking to none other than 0:00:24.760 --> 0:00:27.440 the one and only Jerald Silente, the author of the 0:00:27.560 --> 0:00:31.639 Trends Journal, who's been accurately forecasting the trends for the 0:00:31.680 --> 0:00:33.600 last several decades. You've seen him on all the biggest 0:00:33.600 --> 0:00:36.440 TV shows, Oprah, Winford, you name it. He's been forecasting 0:00:36.440 --> 0:00:38.320 the trends. And today I have him on the show 0:00:38.360 --> 0:00:41.760 to discuss exactly what's going on with the regime change 0:00:41.760 --> 0:00:44.680 at the Central Banks and Ferl Reserve, what is happening 0:00:44.720 --> 0:00:47.960 with the potential for war all around the world, the 0:00:48.000 --> 0:00:51.920 media propaganda, the censorship, the move to save democracy, and 0:00:52.120 --> 0:00:53.600 so much more. If you want to know where the 0:00:53.600 --> 0:00:55.880 world is going and what you expected how to prepare, 0:00:55.960 --> 0:00:58.120 then you want to listen to this interview with Gerald Silente, 0:00:58.200 --> 0:01:02.400 who's been accurately predicting and publishing the trends for multiple decades, 0:01:02.440 --> 0:01:05.440 and maybe Zuckerberg go will shoot. If Musk can do that, 0:01:05.520 --> 0:01:07.920 maybe I could stand up against them a little bit. 0:01:08.880 --> 0:01:11.679 Do you think maybe we're starting to see a little 0:01:11.720 --> 0:01:15.920 bit of pushback, maybe enough people to sort of start 0:01:15.959 --> 0:01:17.360 swinging this back the other way. 0:01:17.720 --> 0:01:19.920 Why do I give a damn when I look at 0:01:19.920 --> 0:01:23.000 that Suckerberg? Who the hell are they to tell us 0:01:23.040 --> 0:01:26.000 what to do. It's up to the people. It's up 0:01:26.000 --> 0:01:31.000 to the people to unite. 0:01:29.640 --> 0:01:33.080 All right, Gerald Cialente Trends Journal, the author of Trends 0:01:33.120 --> 0:01:36.320 Journal for decades, something that i've recently I turned in 0:01:36.360 --> 0:01:38.399 New Years ago, but you've been doing this for decades, 0:01:38.760 --> 0:01:41.319 calling out the trends. And of course if everybody wants 0:01:41.319 --> 0:01:43.520 to know where the world is going, they should be 0:01:43.560 --> 0:01:45.160 reading the Trends Journal. We're going to make sure we 0:01:45.200 --> 0:01:47.520 link to that down below. Gerald. It's always an honor 0:01:47.560 --> 0:01:49.000 to have you on the show. So thanks for taking 0:01:49.000 --> 0:01:50.240 the time to come sit down with me today. 0:01:52.280 --> 0:01:53.920 No, what do you kidd I'm great being on with you. 0:01:54.160 --> 0:01:56.480 I appreciate everything that you do and it's an hota 0:01:56.560 --> 0:01:57.639 for me to be on with you. 0:01:57.640 --> 0:02:00.080 You know, I love history because I believe that if 0:02:00.080 --> 0:02:01.880 we can sort of understand history, it sort of gives 0:02:01.920 --> 0:02:04.040 us this roadmap of where we're going. And so it's 0:02:04.040 --> 0:02:05.640 like if I touch the stove one time and I 0:02:05.680 --> 0:02:08.000 burn myself, if I touch it again, I'll probably burn myself, 0:02:08.040 --> 0:02:10.440 maybe my hand, maybe my arm, but like the same 0:02:10.520 --> 0:02:13.640 thing sort of happens. And you've been studying these trends 0:02:13.639 --> 0:02:16.280 for now decades, and so you've got a lot of 0:02:16.280 --> 0:02:19.520 this history and precedence. Before we started recording, you started 0:02:19.560 --> 0:02:22.520 telling me how we saw similarities to World War Two 0:02:22.560 --> 0:02:26.000 with Japan and Russia, Ukraine and now in Israel, and 0:02:26.040 --> 0:02:29.000 you see these things kind of repeating over and over. 0:02:29.080 --> 0:02:31.480 So tell us before we get into specific because I 0:02:31.520 --> 0:02:34.080 want to talk about your latest posts. You talk about 0:02:34.160 --> 0:02:37.360 rates down, markets up, there's a regime change for central 0:02:37.360 --> 0:02:39.320 banks around the world. I want to talk about the markets. 0:02:39.600 --> 0:02:42.280 I want to talk about nuclear war on the horizon, 0:02:42.520 --> 0:02:45.320 Russia warnings, things like that. I want to talk about 0:02:45.400 --> 0:02:49.680 Kamala and Trump and the media, propaganda and censorship. So 0:02:49.720 --> 0:02:51.400 those are topics I want to cover. But let's just 0:02:51.440 --> 0:02:54.440 start with the trends. So you've been doing this a 0:02:54.440 --> 0:02:56.919 long time. Tell us how you look through these trends 0:02:57.000 --> 0:03:00.120 and how that tells you a picture and kind of 0:03:00.120 --> 0:03:02.200 how this tells us where we're going in the future, 0:03:02.560 --> 0:03:03.639 Like what's your methodology? 0:03:03.960 --> 0:03:08.360 Well, number one, it's it's it's not what you want, 0:03:08.560 --> 0:03:11.640 what you like, or what you believe is what is. 0:03:13.320 --> 0:03:17.880 And one of my sayings is opportunity misses those who 0:03:18.000 --> 0:03:21.640 view the world through the eyes of their profession. And again, 0:03:21.680 --> 0:03:23.800 you know, I have my you know, my books, you know, 0:03:24.240 --> 0:03:28.040 international and bestseller. You know, Trends two thousand and the 0:03:28.080 --> 0:03:31.200 other one over here somewhere trend tracking far better than 0:03:31.240 --> 0:03:34.240 Mega trends Time Magazine. And I've been asked this a 0:03:34.240 --> 0:03:38.000 lot of years, you know, since nineteen eighty and so 0:03:38.040 --> 0:03:42.160 people get caught up in their belief system. And not 0:03:42.200 --> 0:03:46.160 only that, if you're studying economics and you're really grading economics, 0:03:46.360 --> 0:03:48.800 how about looking about what's going on in the world 0:03:49.040 --> 0:03:53.520 through the socioeconomic lens. So, for example, in your trends journal, 0:03:53.880 --> 0:03:58.040 we have a whole section on AI, a whole section 0:03:58.160 --> 0:04:02.760 on high tech science, the whole section on technocracy, whole 0:04:02.840 --> 0:04:08.480 section on geopolitics, whole section on global economics, whole sections 0:04:08.520 --> 0:04:11.840 in different areas. So we look at the world for 0:04:11.920 --> 0:04:17.800 the way it is. So for example, I subscribe to 0:04:17.880 --> 0:04:21.080 the Wall Street Journal, the New York Times, I get 0:04:21.120 --> 0:04:23.920 them delivered at the Financial Times. 0:04:25.120 --> 0:04:27.039 But I also travel the world. 0:04:27.520 --> 0:04:31.160 So now we have, for example, the Ukraine War going on, 0:04:31.279 --> 0:04:34.120 in the Israel War, well, the Israel War. I subscribe 0:04:34.120 --> 0:04:36.320 to hat E's, the Israeli newspaper. I want to know 0:04:36.320 --> 0:04:40.200 what they're saying. And I go to Global Times of 0:04:40.279 --> 0:04:45.760 Israel and Jerusalem Post, and then I go to Tiran Times. 0:04:46.000 --> 0:04:47.720 I want to hear what the Iranians are saying. 0:04:48.160 --> 0:04:48.839 Press TV. 0:04:49.000 --> 0:04:51.719 I want to hear what the Iranians are saying. ISNA 0:04:51.760 --> 0:04:53.520 and I RNA. I want to hear what the Iranians 0:04:53.520 --> 0:04:56.880 are saying. I go to Arab News, I go to 0:04:57.080 --> 0:04:59.760 Al Jazeera. I want to hear what the Arabs are saying. 0:05:00.720 --> 0:05:03.679 So we cover the world. We go to Global Times. 0:05:03.720 --> 0:05:06.599 What do the Chinese say? So then what we do 0:05:06.640 --> 0:05:09.360 in the Trend's Journal, we said, this is what's being reported, 0:05:10.600 --> 0:05:15.279 this is our analysis, and this is our trend forecast. 0:05:15.600 --> 0:05:17.200 So I'll give you an idea why we go to 0:05:17.279 --> 0:05:18.120 different sources. 0:05:19.120 --> 0:05:21.599 Go to I may have the article. 0:05:21.320 --> 0:05:25.800 Here the Financial Times just a couple of days ago, 0:05:26.800 --> 0:05:30.679 and It was about what's going on with this attack 0:05:31.400 --> 0:05:43.560 that just happened in in Lebanon, when Israel knocked out 0:05:43.640 --> 0:05:46.640 these pages and they've killed a couple of dozen people, 0:05:46.680 --> 0:05:49.279 and they say they wounded up to almost four thousand. 0:05:49.760 --> 0:05:56.440 This is the headline from Financial Times. Of course, in 0:05:56.440 --> 0:05:59.640 about six hundred and ninety dollars or something a year. 0:06:00.760 --> 0:06:05.800 Militant groups struggled struggles to restore calm after double blow 0:06:06.200 --> 0:06:13.320 exposes its vulnerabilities and they go on in a humiliating 0:06:13.400 --> 0:06:19.000 blow to a militant force. The explosion left the militant group. 0:06:20.440 --> 0:06:29.359 The militants leader Hassana Sola, the attack has embarrassed the 0:06:29.400 --> 0:06:34.680 militant group, the Iran backed militant group. The people said, 0:06:34.760 --> 0:06:38.520 the military it goes on militant group. Oh Hesbela is 0:06:38.560 --> 0:06:43.280 a militant group according to who, according to about sixty countries. 0:06:42.920 --> 0:06:44.279 Out of one hundred and ninety six. 0:06:45.240 --> 0:06:48.560 And why is hesbel a military group? They had the 0:06:48.839 --> 0:06:54.160 nerve to drive Israel at a Lebanon in two thousand 0:06:54.240 --> 0:06:59.359 and six. Why those lousy militants, Why look at those 0:06:59.600 --> 0:07:04.720 terrors that used to be in a rock in Afghanistan 0:07:05.080 --> 0:07:09.120 that try to throw out the Americans they are militants too. 0:07:09.920 --> 0:07:13.240 That's the difference in what we do. We don't use 0:07:13.360 --> 0:07:16.840 that kind of language that already sets the tone for 0:07:16.880 --> 0:07:20.920 the readers to look at it in one side. 0:07:21.920 --> 0:07:24.240 So you have to learn to look through the news 0:07:24.360 --> 0:07:28.160 and understand what's fact and then what's opinion. And then 0:07:28.240 --> 0:07:30.680 I guess over a period of time, when you're looking 0:07:30.680 --> 0:07:33.520 at it this way and multiple sources on both sides, 0:07:33.880 --> 0:07:36.200 then it sort of starts to help you understand where 0:07:36.240 --> 0:07:38.680 the fact and opinion in the Propagandali is that kind 0:07:38.720 --> 0:07:39.320 of what you're saying? 0:07:41.080 --> 0:07:41.320 Yes? 0:07:41.680 --> 0:07:43.840 And again, you know I used to be on Oh Brother, 0:07:43.960 --> 0:07:47.480 Today's show, Good Morning to marry everybody, everybody. 0:07:47.720 --> 0:07:50.640 All over the world. But they don't want to hear 0:07:50.760 --> 0:07:51.240 other one. 0:07:52.000 --> 0:07:57.040 I call them prostitutes, media whares that get paid to 0:07:57.120 --> 0:08:00.360 put out by their corporate pimps, and of them and 0:08:00.440 --> 0:08:05.280 war masters. Look at the clowns show. Oh what's that 0:08:05.280 --> 0:08:07.960 that woman sake on MSNBC. 0:08:08.040 --> 0:08:09.320 Where'd she come from? Oh? 0:08:09.400 --> 0:08:12.880 She was with the with the Biden administration. Oh and 0:08:12.920 --> 0:08:17.440 who's that guy, Stephanopolis. He was with the Bill Clinton Club. 0:08:17.840 --> 0:08:23.000 It's one after another. There's no journalism anymore. And again 0:08:23.080 --> 0:08:25.480 talking about by the way this was. This was a 0:08:25.480 --> 0:08:29.280 T shirt I did when Clinton ran for office back 0:08:29.280 --> 0:08:30.800 in nineteen ninety two. 0:08:31.120 --> 0:08:32.840 Beware is slick, Willie. 0:08:34.000 --> 0:08:39.080 This is the lousy sob I could go on and on, 0:08:39.640 --> 0:08:42.839 gave us the Federal Communications Act in nineteen ninety six 0:08:43.960 --> 0:08:47.400 that allowed the Biggs to take over the entire media. 0:08:48.400 --> 0:08:53.840 Six companies controlled ninety two percent of Americans media. Back 0:08:53.840 --> 0:08:58.600 in the day, there were thousands, thousands of independent radio stations, newspapers, 0:08:59.080 --> 0:09:05.440 and TV stations, local gone, gone, gone, the big Zone everything. Yeah, 0:09:05.480 --> 0:09:08.160 so you're not getting any information the prostitutes. 0:09:09.080 --> 0:09:11.480 Of course, the Internet is sort of turning the tides 0:09:11.520 --> 0:09:13.640 on that. I want to get into the media propaganda. 0:09:13.960 --> 0:09:15.640 But let's just kind of start at the top here, 0:09:15.679 --> 0:09:18.200 because a lot of this is sort of downstream, if 0:09:18.240 --> 0:09:20.120 you will, almost right. So one of the things that 0:09:20.160 --> 0:09:23.280 you say a lot is when all else fails, you know, 0:09:23.320 --> 0:09:26.120 when the money supply runs out, when the debt is 0:09:26.160 --> 0:09:27.800 a is a limit, then they take you to war. 0:09:28.080 --> 0:09:30.040 So let's talk about the money side first, and then 0:09:30.240 --> 0:09:32.880 we'll go downstream of that. So you had just said 0:09:33.320 --> 0:09:37.880 rates down, markets up, So we think about these regime changes, 0:09:37.920 --> 0:09:40.040 and so the central banks and the Federal Reserve, but 0:09:40.080 --> 0:09:41.760 all the other major central banks have been in this 0:09:41.840 --> 0:09:45.040 tightening cycle, and now we've seen them move into this 0:09:45.160 --> 0:09:48.400 easing cycle. So the rates down easying or more comminative, 0:09:49.000 --> 0:09:52.600 and the markets are responding. Now a lot of people 0:09:52.640 --> 0:09:56.080 think that markets crash when the Fed's lower rates. History 0:09:56.080 --> 0:09:58.400 doesn't necessarily tell us that picture. I think a lot 0:09:58.440 --> 0:10:00.679 of it depends on the context of that. But what 0:10:00.720 --> 0:10:03.160 do you think about when you made that post saying 0:10:03.280 --> 0:10:05.520 rates down, markets up, and this in light of this 0:10:05.559 --> 0:10:07.000 new regime change that we're going into. 0:10:08.880 --> 0:10:11.880 Well, we've been saying that this is very simple. 0:10:12.120 --> 0:10:14.439 One of our you know, each year we do top trends, 0:10:15.240 --> 0:10:18.600 and one of our top trends this year was a 0:10:18.720 --> 0:10:24.240 golden year for gold. When we made gold prices are 0:10:24.320 --> 0:10:26.839 up almost six hundred dollars an ounce since we made 0:10:26.880 --> 0:10:27.640 that forecast. 0:10:28.679 --> 0:10:29.640 It was very simple. 0:10:30.320 --> 0:10:32.240 We said they're going to start lowering rates in a 0:10:32.320 --> 0:10:34.320 run up to the presidential reality show. 0:10:34.360 --> 0:10:35.360 They do it all the time. 0:10:36.360 --> 0:10:39.800 The lower interest rates go, the deeper the dollar falls. 0:10:40.120 --> 0:10:43.680 The deeper the dollar falls, the higher goal prices go up. 0:10:44.480 --> 0:10:48.080 And the only reason the dollar's been strong is because 0:10:48.120 --> 0:10:52.079 of the high interest rates. And you mentioned that they 0:10:52.080 --> 0:10:55.480 were in a tightening cycle. What brought them into the 0:10:55.520 --> 0:11:00.319 tightening cycle. Let's go back to the COVID War twenty twenty. 0:11:01.080 --> 0:11:04.679 Close down your business, don't go to work. Here's some 0:11:04.760 --> 0:11:11.080 free money, trillions, trillions, trillions, trillions, countless trillions of dollars 0:11:11.400 --> 0:11:17.000 across the globe, dumped into the markets on money backed 0:11:17.040 --> 0:11:21.240 by nothing and printed on nothing. So they did this 0:11:21.320 --> 0:11:26.320 tightening to try to stop the rising inflation. And again 0:11:26.360 --> 0:11:28.960 you know the numbers. What are the cost of the 0:11:29.040 --> 0:11:32.400 house now is like fifty percent more than it was 0:11:33.000 --> 0:11:39.280 four years ago. I mean, oh, and the debt. When 0:11:39.280 --> 0:11:41.760 you look at the real debt in the United States, 0:11:42.120 --> 0:11:44.040 when you put in social Security all the other stuff, 0:11:44.080 --> 0:11:46.840 it's like two hundred and sixty trillion dollars. 0:11:47.679 --> 0:11:49.080 Oh, but we'll use the real. 0:11:48.960 --> 0:11:52.000 Number of a little bit over thirty five trillion and 0:11:52.080 --> 0:11:54.760 two trillion dollars just paying the interest on the day 0:11:54.760 --> 0:11:59.920 each year. I mean, who, what business, what individual could 0:12:00.200 --> 0:12:04.240 run a life with the equivalent of not the trillions, 0:12:04.920 --> 0:12:10.640 but the tens of thousands or hundreds of thousands of 0:12:10.720 --> 0:12:13.840 dollars deep in debt, on and on and on and 0:12:13.920 --> 0:12:17.480 keep piling on more debt. Nobody can do it. The 0:12:17.559 --> 0:12:21.400 whole system is going to crash. It's only going to 0:12:21.440 --> 0:12:26.080 be a matter of time. And helped to say one 0:12:26.120 --> 0:12:29.880 other thing about this, going back to where the crisis 0:12:29.960 --> 0:12:34.760 is going to explode, beyond the geopolitical end. What no 0:12:34.800 --> 0:12:38.360 one is talking about. A forecast be made in May 0:12:38.360 --> 0:12:40.920 of twenty twenty, when they force people to work from home. 0:12:41.920 --> 0:12:47.600 Office building bust. In the next two years and four months, 0:12:48.080 --> 0:12:50.920 four trillion dollars worth of commercial real estate loans are 0:12:50.920 --> 0:12:59.120 coming due your office vacancy rate. Nobody there in the 0:12:59.120 --> 0:13:04.240 major cities in the United States officially is that twenty 0:13:04.280 --> 0:13:08.400 four percent. On fiftieth Street in New York City, in 0:13:08.440 --> 0:13:13.079 Midtown Manhattan, about a month ago, the building sports Illustrated 0:13:13.200 --> 0:13:16.040 used to be there that sold for three one hundred 0:13:16.080 --> 0:13:21.320 and twenty million dollars in two thousand and six, went 0:13:21.440 --> 0:13:27.000 up for auction and sold for eight point five million dollars. 0:13:28.920 --> 0:13:30.679 You could look it up, Google it up. 0:13:30.840 --> 0:13:31.600 It's right there. 0:13:32.360 --> 0:13:35.400 You know why, because all this bs that they're going 0:13:35.480 --> 0:13:39.319 to convert these into apartments. That's all it is. Buildings 0:13:39.360 --> 0:13:42.320 built within the fifth last fifty years. Again, only go 0:13:42.360 --> 0:13:44.679 by the data. It's not what I'm making up. It's 0:13:44.840 --> 0:13:49.120 being reported, are non convertible. Let's take that one on 0:13:49.200 --> 0:13:52.840 fiftieth Street. It's in the middle of the block, got 0:13:52.840 --> 0:13:56.640 no windows behind you, got no windows from side to side. 0:13:57.120 --> 0:13:59.880 How are you going to turn it into apartments? Now? 0:14:00.640 --> 0:14:04.120 With people not going back to work and the guy 0:14:04.400 --> 0:14:07.720 or whoever firm that has you know, fifteen flaws in 0:14:07.760 --> 0:14:11.320 a building, they don't see the people anywhere who were 0:14:11.400 --> 0:14:13.160 working working in cubicles. 0:14:13.840 --> 0:14:16.760 I don't need all the space. You stay home coming 0:14:16.800 --> 0:14:17.960 two or three days a week. 0:14:18.360 --> 0:14:21.760 Your office occupancy rate according to Castle Systems with a 0:14:21.840 --> 0:14:23.520 K fifty. 0:14:25.400 --> 0:14:25.720 Yeah. 0:14:26.280 --> 0:14:30.000 Now, not only the bank's going to go bust, which 0:14:30.000 --> 0:14:33.520 they're not talking about, not at all. And let's go 0:14:33.600 --> 0:14:37.480 back to twenty twenty three, not ancient history. Silicon Khanman, 0:14:37.640 --> 0:14:42.200 Valley Bank, Signature Bank, First Republic Bank went busted. The 0:14:42.280 --> 0:14:48.080 markets were crashing and goal prices was spiking. That was 0:14:48.440 --> 0:14:54.080 three banks. Oh and you know as well that last 0:14:54.120 --> 0:14:57.600 week they were trying to force the banks to have 0:14:57.640 --> 0:15:01.160 more money in the banks to cover losses, and they said, 0:15:01.200 --> 0:15:02.040 screw you. 0:15:01.960 --> 0:15:04.320 We're not doing it. We run the government. 0:15:04.400 --> 0:15:07.680 Basically, I tell everybody a good sight to go to 0:15:07.880 --> 0:15:11.400 is called Wall Street on parade by Pam and Russ 0:15:11.440 --> 0:15:15.400 Martin's and they write more about the banksters and the 0:15:15.440 --> 0:15:19.200 criminality of it than anybody that I know. So again, 0:15:19.240 --> 0:15:21.160 they don't have the money to cover it. And when 0:15:21.160 --> 0:15:23.760 they got all that free money during the COVID War 0:15:23.800 --> 0:15:26.960 in the beginning, they bore, they bought treasuries right with 0:15:27.200 --> 0:15:32.000 zero interest rates, So they don't have the dough. 0:15:31.880 --> 0:15:32.320 To cover this. 0:15:32.400 --> 0:15:33.760 Yeah, let me ask you a question. 0:15:33.800 --> 0:15:36.160 It's going to be a fresh which you've never seen. 0:15:36.120 --> 0:15:38.480 From somebody who's been now reporting this since the eighties, 0:15:38.560 --> 0:15:41.040 like you said, and obviously even paying attention much longer 0:15:41.080 --> 0:15:43.440 than that. You know, something that I talk about quite 0:15:43.520 --> 0:15:48.560 often is that something changed, and I really pinned that 0:15:48.640 --> 0:15:51.920 to two thousand and eight when we saw q start 0:15:52.000 --> 0:15:53.840 here in the United States. But really what we saw 0:15:54.080 --> 0:15:56.320 was a shift in the way that central banks and 0:15:56.320 --> 0:15:59.720 governments interact in markets. And so you know, in this 0:16:00.000 --> 0:16:04.720 sevents the eighties, the two thousand crash, it didn't seem 0:16:04.760 --> 0:16:06.840 like the government wanted to intervene so much. Maybe they 0:16:06.880 --> 0:16:09.360 were proactive, they sort of like let things kind of 0:16:09.440 --> 0:16:11.240 see how they settled, and sure they fiddled with their 0:16:11.280 --> 0:16:13.080 rates a little bit, but you didn't see the ballouts, 0:16:13.080 --> 0:16:14.960 and now two thousand and eight was like, oh shoot, 0:16:15.000 --> 0:16:16.880 we should do something. It was very late, took about 0:16:16.880 --> 0:16:21.040 three years from the real estate crash in six till 0:16:21.080 --> 0:16:23.080 the time they finally bail at the banks in two 0:16:23.080 --> 0:16:26.120 thousand and eight, about thirty thirty months. But now what 0:16:26.240 --> 0:16:30.200 we're seeing is that they're not just waiting to be reactionary. 0:16:30.360 --> 0:16:33.760 They're proactive. And so in twenty twenty it took six 0:16:33.960 --> 0:16:36.280 days to get the bailouts. Put to your point about 0:16:36.320 --> 0:16:39.920 the Wall Street banks in twenty twenty three, we injected 0:16:39.960 --> 0:16:41.440 the money in six days. And when you look at 0:16:41.520 --> 0:16:43.800 sort of that trend back to the Trends Journal, when 0:16:43.800 --> 0:16:45.360 you look at the trend in the way they interact, 0:16:45.440 --> 0:16:48.680 and now they're being proactive. They're setting out the swap lines. 0:16:49.480 --> 0:16:51.880 And even further you mentioned the banks like in two 0:16:51.920 --> 0:16:54.160 thousand and eight, I mean they bought all those mortgage 0:16:54.200 --> 0:16:56.320 backed securities, just put them on the books, same thing 0:16:56.360 --> 0:16:59.240 that they did in the three banks collapse in twenty 0:16:59.280 --> 0:17:02.040 twenty three. And I understand this big debt bomb you're 0:17:02.040 --> 0:17:04.760 talking about the commercial real estate market, but based off 0:17:04.800 --> 0:17:06.600 of the trend in the way central banks work in 0:17:06.680 --> 0:17:09.159 the market. Why wouldn't they just put that on their 0:17:09.200 --> 0:17:11.760 balance sheet. I mean, I believe, of course they will. 0:17:11.920 --> 0:17:13.439 And I'm just curious your point on. 0:17:13.480 --> 0:17:16.879 That it's going to be bigger than that we are 0:17:16.920 --> 0:17:18.480 going to be able to cover and get away with. 0:17:18.840 --> 0:17:19.520 It's going to bed. 0:17:19.800 --> 0:17:21.840 But of course they could lie about it, like you're 0:17:21.840 --> 0:17:24.160 talking about two thousand and seven, two thousand and eight, 0:17:25.080 --> 0:17:29.760 the Federal Reserve dumped in twenty nine trillion dollars to 0:17:29.840 --> 0:17:30.879 bail out the banks. 0:17:30.600 --> 0:17:32.560 And no one's ever heard that number. Lead the Institute 0:17:32.600 --> 0:17:35.600 of Bard College, Well, no one's ever heard that number before. 0:17:37.359 --> 0:17:37.399 This. 0:17:37.560 --> 0:17:41.440 Again, according to the leading institute at Bard College, twenty 0:17:41.520 --> 0:17:46.119 nine trillion dollars. This is going to be much much worse. 0:17:47.000 --> 0:17:50.359 And because what you have is a reality. And then 0:17:50.440 --> 0:17:53.240 let's go back again. You know, by the way, I 0:17:53.359 --> 0:17:56.240 thought the markets were going to crash again in twenty 0:17:56.440 --> 0:18:00.000 and twelve, but they didn't. It's what you were saying, 0:18:00.240 --> 0:18:04.119 what they'll do. They didn't teach me about quantitative easing 0:18:04.720 --> 0:18:08.640 was zero interest rate policy in economics one oh one. Well, 0:18:08.720 --> 0:18:13.920 graduate school, they'll make up any crap that they want. So, yes, 0:18:14.000 --> 0:18:16.120 they're going to try to avoid it. But I believe 0:18:16.160 --> 0:18:18.840 it's going to be unavoidable again because you have to 0:18:18.960 --> 0:18:22.440 keep looking at the whole picture. Look at again, we 0:18:22.520 --> 0:18:27.800 write about this over and over again. Look at all 0:18:27.880 --> 0:18:33.400 the businesses that depended on commuters that are going out 0:18:33.480 --> 0:18:34.040 of business. 0:18:36.800 --> 0:18:37.439 Look at. 0:18:38.880 --> 0:18:41.080 We sit with the sayings is the fish rots from 0:18:41.119 --> 0:18:46.320 the head down. Look at luxury sales declining across the board. 0:18:47.640 --> 0:18:50.879 Look at dollar general, a dollar, trio, dollar this, a 0:18:51.000 --> 0:18:55.200 dollar that, and what they're reporting report. Listen to what 0:18:55.359 --> 0:18:57.800 Walmart is saying year the sales are going up because 0:18:57.840 --> 0:19:00.800 people at once upon a time had money, can't afford 0:19:00.800 --> 0:19:01.239 it any more. 0:19:01.280 --> 0:19:02.359 They're going to Walmonts. 0:19:03.800 --> 0:19:08.159 This thing's going down. It's artificially propped up. And you 0:19:08.320 --> 0:19:12.280 saw the employment numbers that came out though they were 0:19:12.359 --> 0:19:15.560 weaker than expected. And in what kind of jobs are 0:19:15.640 --> 0:19:19.760 being created, well, in the healthcare services and hospitality and 0:19:21.520 --> 0:19:27.320 those kind of sectors service sector jobs that pay nothing. Now, 0:19:27.400 --> 0:19:30.359 this is serious and again it's going to do. I 0:19:30.480 --> 0:19:34.360 agree with you one thousand percent. They will do anything 0:19:34.720 --> 0:19:39.000 possible to try to push it back up, but I 0:19:39.160 --> 0:19:40.480 think it's not going to happen. 0:19:40.560 --> 0:19:42.480 And again, this is global it. 0:19:42.720 --> 0:19:47.000 Look what happened Canary wharf, HSBC moved out one after another, 0:19:47.520 --> 0:19:48.320 one after another. 0:19:48.760 --> 0:19:54.399 Yeah, it is global. And if we look at current history, 0:19:54.600 --> 0:19:59.760 recent history, past history, so we look at Argentina, Venezuela, Lebanon, Turkey, 0:20:00.359 --> 0:20:02.000 we can go back a little bit further. We can 0:20:02.040 --> 0:20:04.080 look at like, you know, Zimbabwe, we can go further back. 0:20:04.160 --> 0:20:06.399 You know why am o republic. There's never been a 0:20:06.480 --> 0:20:08.760 case ever, and you can correct me if I'm wrong. 0:20:08.920 --> 0:20:12.399 I can't remember a case ever where a government said, well, boys, 0:20:12.480 --> 0:20:14.320 pack it up. It was a good run while it lasted, 0:20:14.400 --> 0:20:16.920 and then just let the whole system crash. Instead, it's 0:20:16.920 --> 0:20:19.920 always the law of diminishing returns, where they say, well, 0:20:20.080 --> 0:20:23.360 let's just keep going until it doesn't work anymore. That's 0:20:23.400 --> 0:20:25.560 what I see happening in the world today and in 0:20:25.680 --> 0:20:28.400 previous So based off of that and understanding a little 0:20:28.400 --> 0:20:31.239 bit of human psychology, it makes me think that they 0:20:31.760 --> 0:20:33.800 pedal to the metal until the metal doesn't work anymore, 0:20:33.880 --> 0:20:36.920 the law of diminishing returns. And so while we're still 0:20:36.960 --> 0:20:43.240 getting some growth, eventually the stimulus stops working. Eventually Zimbabwe collapses. 0:20:43.560 --> 0:20:46.639 But Venezuela, Argentina, at Lebanon, they can keep going for 0:20:46.720 --> 0:20:48.120 a really long time. 0:20:51.840 --> 0:20:54.679 Again, go back to the Great Depression. They couldn't get 0:20:54.720 --> 0:20:58.080 out of it. You World War two got it. 0:20:58.200 --> 0:21:00.879 But you would argue that that's go back. But you 0:21:00.880 --> 0:21:03.200 would argue that in the Great Depression, the government didn't 0:21:03.240 --> 0:21:05.119 dump in twenty nine trillion dollars and if they did 0:21:05.200 --> 0:21:07.240 of they probably could have blown the stimulus wide open. 0:21:08.840 --> 0:21:11.480 Well, that's what I'm saying. You know, so sometimes it 0:21:11.560 --> 0:21:13.640 works and sometimes they don't do anything. And I think 0:21:13.680 --> 0:21:16.600 this time there's no way out of it. I don't 0:21:16.640 --> 0:21:18.560 think there's a way they're gonna try to do it. 0:21:18.880 --> 0:21:20.320 I mean, look what goes on. I mean they got 0:21:20.400 --> 0:21:20.919 to think all the. 0:21:20.920 --> 0:21:24.359 Plunge protection to you, what are you talking to, Oh, 0:21:24.400 --> 0:21:26.560 we're gonna rig the markets if they go down too deep. 0:21:28.400 --> 0:21:31.320 I mean it's a crime work. If people call it 0:21:31.440 --> 0:21:32.920 a government I call it a crime stap. 0:21:34.560 --> 0:21:34.720 Yeah. 0:21:35.040 --> 0:21:37.200 I'm certainly not saying that they'll get out of it. 0:21:37.359 --> 0:21:40.399 Like there's only one outcome, that's there's only one probable 0:21:40.440 --> 0:21:43.639 welcome at this The question I was just asking is 0:21:43.640 --> 0:21:45.720 when you look at argentinavan Is, way at Lebanon, Turkey, 0:21:46.960 --> 0:21:49.840 they all continue going until it doesn't work anymore. But 0:21:50.000 --> 0:21:52.520 that seems like it takes a really long time to 0:21:52.600 --> 0:21:55.000 get there. So rather than like a big crash shut 0:21:55.040 --> 0:21:57.359 it down, it's like, let's just keep printing until we 0:21:57.520 --> 0:21:59.000 go into hyperinflation at some point. 0:21:59.040 --> 0:22:04.280 Maybe yeah, that could be well, well be as well. 0:22:05.800 --> 0:22:08.280