WEBVTT 1 00:00:04.919 --> 00:00:07.440 All right, welcome back and joining us now is Gerald Clinty. 2 00:00:07.480 --> 00:00:10.240 Always great to have Joernald join us on every other Friday, 3 00:00:10.839 --> 00:00:13.240 and he has Trends Journal. If you go to Trends Journal, 4 00:00:13.279 --> 00:00:16.399 you can see a sample of the Trends Journal, an 5 00:00:16.480 --> 00:00:21.399 amazing publication, usually about three hundred pages that are there. 6 00:00:21.399 --> 00:00:23.000 I think we got that's a long screen that we got. 7 00:00:23.039 --> 00:00:24.519 There, there we go. That's a good screen. 8 00:00:25.480 --> 00:00:29.280 The wrong one there for a moment, but you can 9 00:00:29.320 --> 00:00:32.000 see and he's got right now, occupy piece and freedom. 10 00:00:32.039 --> 00:00:34.359 He's got to countdown clock for when that's going to 11 00:00:34.359 --> 00:00:37.280 happen at the end of the month. But you can 12 00:00:37.320 --> 00:00:39.920 see a sample of some of the articles that are covered. 13 00:00:40.439 --> 00:00:44.240 Comprehensive and really focused on the things that are going 14 00:00:44.280 --> 00:00:47.320 to affect us in the economy and geopolitics. That's what 15 00:00:47.320 --> 00:00:49.520 we're going to talk to Gerald about today. And you 16 00:00:49.600 --> 00:00:52.840 can use the code night to save ten percent off 17 00:00:53.399 --> 00:00:57.799 and it is a bargain at that rate, but very comprehensive. 18 00:00:57.799 --> 00:01:02.479 It's a weekly publication, online mag magazine. Wonderful layout and 19 00:01:02.960 --> 00:01:06.719 always very inventive covers that are there. So thank you 20 00:01:06.760 --> 00:01:08.920 for joining us, Jarree, I appreciate you coming on well. 21 00:01:08.920 --> 00:01:11.359 Thank you. You know you were talking about COVID before. 22 00:01:11.959 --> 00:01:17.480 And don't forget, you know, to wear these masks. I 23 00:01:17.519 --> 00:01:19.079 still wear them everywhere I go. 24 00:01:19.319 --> 00:01:20.359 Oh yeah, I love them. 25 00:01:21.000 --> 00:01:23.359 And don't forget out when you masturbate. Don't forget to 26 00:01:23.400 --> 00:01:28.519 sanitize your hands. Look at the stupid crap that they sold. 27 00:01:28.519 --> 00:01:31.879 They shoved down out with throat. Yeah, this is the box, 28 00:01:32.359 --> 00:01:38.319 This is the box, right right, Yeah, these masks do 29 00:01:38.439 --> 00:01:42.400 not eliminate exposure to the risk of any disease or infection. 30 00:01:42.840 --> 00:01:47.079 But you better wear the damn thing, m all right, 31 00:01:47.200 --> 00:01:48.680 because if you don't wear it, you're not going to 32 00:01:48.760 --> 00:01:52.519 get on the airplane. But when you're eating and drinking, 33 00:01:52.799 --> 00:01:55.239 you could take the mask off. Because COVID knows who 34 00:01:55.280 --> 00:01:58.560 you're eating and drinking. It won't bother them. And when 35 00:01:58.560 --> 00:02:04.200 you walk into that restaurant, you better wear that mask. 36 00:02:04.879 --> 00:02:06.439 But when you sit down and eat, you could take 37 00:02:06.439 --> 00:02:08.759 it off because COVID does not go at table length. 38 00:02:09.800 --> 00:02:14.479 And remember stands six feet apart because the wind blows 39 00:02:14.560 --> 00:02:19.520 exactly in straight lines every sixth feet. Now, you do 40 00:02:19.639 --> 00:02:23.520 what I tell you, and you don't believe the crap 41 00:02:23.879 --> 00:02:28.120 spewing out of my political mouth. You believe in this information. 42 00:02:30.080 --> 00:02:32.319 I tell you I've had that experience. I went full 43 00:02:32.360 --> 00:02:36.439 Gerald silenty on two restaurants that did that at various 44 00:02:36.639 --> 00:02:41.439 points in time when I was really angry, I lost 45 00:02:41.639 --> 00:02:43.599 with him about that, Are you kidding me? 46 00:02:43.680 --> 00:02:46.439 Are you crazy? Looking off? And it's just and it was, 47 00:02:46.520 --> 00:02:47.599 It's just so ridiculous. 48 00:02:47.599 --> 00:02:50.560 And I even second time it happened, I wouldn't go 49 00:02:50.599 --> 00:02:53.039 to any of the chain restaurants because I knew these 50 00:02:53.080 --> 00:02:55.879 people don't cares like you. I'm gonna do whatever they 51 00:02:55.879 --> 00:02:59.159 tell me too. So I thought, well, maybe these you know, 52 00:02:59.199 --> 00:03:02.240 it's the owner is here, maybe he's got a brain, right, 53 00:03:02.280 --> 00:03:03.719 So I said, bring me the owner. I want to 54 00:03:03.719 --> 00:03:06.120 talk to the owner. And I said to him, I said, 55 00:03:06.919 --> 00:03:09.280 you know that this doesn't help. And I said, look 56 00:03:09.280 --> 00:03:11.319 at the people who are sitting there. How can you? 57 00:03:11.719 --> 00:03:13.520 I know it doesn't work, but you got to do 58 00:03:13.560 --> 00:03:16.719 it anyway, and said no, I don't. You'll never see 59 00:03:16.759 --> 00:03:19.639 me again. It's just but he was going to comply, 60 00:03:19.879 --> 00:03:22.240 you know, And I said to him, you know. 61 00:03:22.479 --> 00:03:23.800 I said, all the people comply. 62 00:03:24.199 --> 00:03:26.360 Yeah, yeah, I said to him, you know it was 63 00:03:26.439 --> 00:03:30.319 Lennon who said that the capitalists will sell the rope 64 00:03:30.360 --> 00:03:32.599 that shoes to hang them. I said, you're one of 65 00:03:32.599 --> 00:03:33.120 those people. 66 00:03:35.199 --> 00:03:38.159 It's just amazing to me to go back and look 67 00:03:38.199 --> 00:03:40.240 at that. It just and you know. 68 00:03:41.960 --> 00:03:44.439 A lot of people just have walked away from this stuff, 69 00:03:44.439 --> 00:03:47.120 and they're ramping it up again. In Atlanta. We have 70 00:03:47.159 --> 00:03:51.919 an EMS ambulance guy that down there, he's got his 71 00:03:52.000 --> 00:03:55.280 own substack now. Handy used to contact me a lot 72 00:03:55.280 --> 00:03:57.240 through all this stuff, and he just put up a 73 00:03:57.280 --> 00:04:00.199 report saying there in Atlanta where he works, in the 74 00:04:00.199 --> 00:04:02.759 hospitals where he goes in, he said, two of these 75 00:04:02.759 --> 00:04:05.800 hospitals now have brought back the mask mandates for patients, 76 00:04:06.199 --> 00:04:09.680 for EMS workers and everything. And he said, coincidentally, these 77 00:04:09.719 --> 00:04:12.879 two hospitals are right down the street from the CDC 78 00:04:13.199 --> 00:04:16.399 in Atlanta. So yeah, stuff is not going away. 79 00:04:17.959 --> 00:04:19.639 Yep. Yeah. 80 00:04:19.680 --> 00:04:22.240 So the global economy, what's going on with the global 81 00:04:22.240 --> 00:04:24.720 economy in the next couple of months. 82 00:04:24.720 --> 00:04:26.759 What do you think is going to happen? Re election? 83 00:04:27.120 --> 00:04:29.879 Look at the data? You know, you get the magazine, 84 00:04:29.920 --> 00:04:33.240 the Trends Journal, you know, I mean it's one yeah, 85 00:04:34.240 --> 00:04:38.480 it's one decline after another. You know, it's a matter 86 00:04:38.519 --> 00:04:41.199 of fact, there's a couple of articles you know, by 87 00:04:41.199 --> 00:04:43.759 the way, this is what I have to do. We 88 00:04:43.879 --> 00:04:48.360 go all over the world and we see what they're saying, 89 00:04:48.759 --> 00:04:51.560 and then we outline the salient points to the articles. 90 00:04:52.120 --> 00:04:54.759 They go to the writers and then they write down 91 00:04:54.800 --> 00:04:57.600 what's being reported, and then we give out with trends 92 00:04:57.600 --> 00:05:02.120 analysis and trend forecasts. So when you're looking at the 93 00:05:02.240 --> 00:05:05.560 data and what in the world is going on, housing 94 00:05:05.600 --> 00:05:10.959 affordability concerns reach record high. Oh that's in Financial Times. 95 00:05:11.199 --> 00:05:15.439 Oh everything is just fine. The plantation workers of Slavelandia 96 00:05:15.800 --> 00:05:19.920 can't afford anything because it's one after another. Blackstone to 97 00:05:20.000 --> 00:05:25.759 acquire Australian data center for sixteen point one billion, Chesley 98 00:05:25.959 --> 00:05:32.279 FC buys NATA six for one after another, one after another, 99 00:05:32.360 --> 00:05:35.920 the bigs of buying up everything Blackstone and one billion 100 00:05:36.000 --> 00:05:41.319 dollar deal for logistics portfolio. The bigs own everything in 101 00:05:41.360 --> 00:05:44.959 this country and around the world, and we have become 102 00:05:45.040 --> 00:05:50.439 nothing more than plantation workers of slave Landia. So when 103 00:05:50.439 --> 00:05:55.160 you're asking me what's going on about the global economy, 104 00:05:56.279 --> 00:06:01.240 workers share of worldwide wealth falls further. This is from 105 00:06:01.240 --> 00:06:05.759 the Financial Times yesterday. So the plantation workers US, plantation 106 00:06:05.879 --> 00:06:10.879 workers of Slavelandia are getting poorer as the rich keep 107 00:06:11.120 --> 00:06:15.519 getting richer. Everything is owned by the biggs. 108 00:06:15.800 --> 00:06:16.920 Oh yeah again. 109 00:06:17.000 --> 00:06:20.680 When you and I were young men, there were hardware stores, 110 00:06:20.800 --> 00:06:27.879 grocery stores, stationery stores, drug stores, and now they're all chains. 111 00:06:28.759 --> 00:06:30.040 Yes, that's right. 112 00:06:30.759 --> 00:06:34.439 The land of opportunity is gone. All right. US bank 113 00:06:34.480 --> 00:06:38.040 profits overcome dragon credit cards and office loans. This is 114 00:06:38.040 --> 00:06:41.040 how they downplay what's going on with the office loans. 115 00:06:41.079 --> 00:06:46.680 This is from Bloomberg yesterday, and the number of so 116 00:06:46.759 --> 00:06:49.519 called problem banks went up from three. This is what 117 00:06:49.519 --> 00:06:53.680 they call the language that they use, so called problem banks. 118 00:06:54.120 --> 00:06:56.160 Who the hell you're talking to What do you mean? 119 00:06:56.319 --> 00:07:02.439 So called? How about problem banks? No? No, so balled. 120 00:07:02.759 --> 00:07:05.680 Now you listen to me. You are still in kindergarten. 121 00:07:06.560 --> 00:07:09.759 Time to take a nap, not tied, Time to take 122 00:07:09.800 --> 00:07:12.720 a nap. You got to take a nap at this time? 123 00:07:12.759 --> 00:07:16.199 All right, we're still in kindergarten. This is the crap 124 00:07:16.319 --> 00:07:19.560 language they spew out. It went from three now to 125 00:07:19.680 --> 00:07:25.040 sixty six banks. Wow, because of the commercial real estate crisis. 126 00:07:25.240 --> 00:07:29.759 Got no one anywhere, any places talking about other than 127 00:07:29.800 --> 00:07:31.879 the Trends journal. Yeah, because it's right. 128 00:07:32.839 --> 00:07:36.639 Yeah, it reminds me of that movie that was done 129 00:07:36.959 --> 00:07:41.120 after the fact. Maybe you can recall Travis, the one 130 00:07:41.120 --> 00:07:42.560 where they were talking about the two thousand and eight 131 00:07:42.600 --> 00:07:46.240 real estate market, the big what was it, the big crash, 132 00:07:46.480 --> 00:07:48.839 and you had the people who had identified there was 133 00:07:48.879 --> 00:07:50.720 a couple of the characters in it, the Big Short, 134 00:07:51.040 --> 00:07:52.639 Big Short, thank you, Yeah, the Big Short. 135 00:07:52.680 --> 00:07:53.519 You ever see that, Darrel. 136 00:07:53.920 --> 00:07:57.079 They're going around and you know, they these guys, a 137 00:07:57.079 --> 00:07:59.839 couple of guys saw what was going on, and they're 138 00:08:00.120 --> 00:08:02.240 going around trying to tell people this, and nobody wants 139 00:08:02.279 --> 00:08:04.759 to hear it, and they just completely ignore it. 140 00:08:04.879 --> 00:08:05.399 And it's like. 141 00:08:07.000 --> 00:08:10.639 And then they start altering the information that's being passed around. 142 00:08:10.920 --> 00:08:12.279 And that's really where we are right now with the 143 00:08:12.319 --> 00:08:15.240 commercial real estate thing. You know, it's just like it 144 00:08:15.399 --> 00:08:19.040 was with the real estate crash. You know that nobody 145 00:08:19.040 --> 00:08:20.800 wanted to hear it, nobody wanted to talk about it. 146 00:08:20.839 --> 00:08:23.040 The data is right there, and they're saying, but look 147 00:08:23.040 --> 00:08:24.879 at that. No, no, we're not going to pay attention 148 00:08:24.959 --> 00:08:25.199 to that. 149 00:08:25.439 --> 00:08:29.040 No, Yeah, you're a hypes By the way, I was 150 00:08:29.120 --> 00:08:36.960 on with Peter's shift on ABC Nightly News in two 151 00:08:37.000 --> 00:08:42.240 thousand and seven warning about the crash. I took out 152 00:08:42.240 --> 00:08:46.840 the domain name hanoic of eight in two thousand and seven, 153 00:08:47.440 --> 00:08:51.840 we go on ABC, HE and I and they tried 154 00:08:51.919 --> 00:08:55.960 to make us look stupid and they got two the 155 00:08:56.000 --> 00:08:57.039 wrong guys. 156 00:08:58.720 --> 00:09:04.240 Yeah, yeah, I took out the domain name the Panic 157 00:09:04.240 --> 00:09:09.919 of eight in two thousand and seven, and nobody wanted 158 00:09:09.960 --> 00:09:11.480 to nobody. 159 00:09:11.879 --> 00:09:14.320 Every time we went on, they try to denounce you 160 00:09:14.440 --> 00:09:16.919 and make you look stupid, and you were a matter 161 00:09:16.960 --> 00:09:19.799 of fact, The New York Times that they did an 162 00:09:19.799 --> 00:09:23.480 op ed piece on me making them a gloom and dumer. 163 00:09:23.919 --> 00:09:28.080 Yeah, conspiracy, the yeah, you're black. 164 00:09:27.879 --> 00:09:34.360 To going back, going back. Investment banks cut China's growth forecasts. 165 00:09:35.200 --> 00:09:38.200 We're talking about you saying, what's going on the global economy. 166 00:09:38.960 --> 00:09:43.840 It's down everywhere. Turkey just the dad. It came in 167 00:09:46.679 --> 00:09:49.759 Turkish growth, it's weakest. You're ready. This is the language 168 00:09:49.799 --> 00:09:55.159 they use since the pandemic. This is how they rewrite history. 169 00:09:55.960 --> 00:09:59.159 The World Health Organization or is it the w show 170 00:09:59.279 --> 00:10:04.679 r E World War Organization folded a pandemic on Maunch eleventh, 171 00:10:05.440 --> 00:10:10.679 twenty twenty, when the grand total of four thousand, two 172 00:10:10.799 --> 00:10:16.120 hundred and thirteen people died out of eighty billion. More 173 00:10:16.159 --> 00:10:19.120 people fell down as stairs between January and March and 174 00:10:19.200 --> 00:10:24.159 broke their neck. Then they died of COVID, and. 175 00:10:24.120 --> 00:10:26.799 They probably didn't die. Those four thousand people probably didn't 176 00:10:26.840 --> 00:10:29.200 die of COVID. They probably died with a PCR test 177 00:10:29.240 --> 00:10:30.320 that said that they had COVID. 178 00:10:30.480 --> 00:10:32.919 Yeah exactly. Yeah, if you fell down a street, broke 179 00:10:32.960 --> 00:10:35.240 your neck and you had COVID, they put you down 180 00:10:35.279 --> 00:10:36.360 as dying of COVID. 181 00:10:36.440 --> 00:10:39.200 Yeah, it really happened. That happened in Houston. A motorcycle guy, 182 00:10:39.320 --> 00:10:42.440 a motorcycle rider died and they listed it as COVID 183 00:10:42.759 --> 00:10:45.679 and they called a corner on it and his response. 184 00:10:45.480 --> 00:10:49.600 Was, well, he could have had COVID, It could have 185 00:10:49.639 --> 00:10:50.159 been any. 186 00:10:50.120 --> 00:10:54.519 The reason and the reason their hospitals did that was 187 00:10:54.559 --> 00:10:55.879 because they got extra. 188 00:10:55.639 --> 00:10:57.840 Dough Yes, that's right, that's right. 189 00:10:57.840 --> 00:11:01.720 It was like seventeen thousand dollars a patient died of. 190 00:11:02.559 --> 00:11:04.519 And relatives will go along with it because if they 191 00:11:04.519 --> 00:11:07.279 went along with that, if their relative died of COVID, 192 00:11:07.320 --> 00:11:09.759 they could get funeral benefits and things like that. And 193 00:11:09.879 --> 00:11:14.240 they just paid everybody off, hush money for everybody. Hospital 194 00:11:14.320 --> 00:11:17.080 is going back to everybody, going back to this. 195 00:11:17.240 --> 00:11:24.559 Investments banks are cutting growth forecast for Turkey again. They 196 00:11:24.600 --> 00:11:27.600 blame it, they say, since the pandemic. So now I'm 197 00:11:27.600 --> 00:11:31.120 mentioning that because let's go back to twenty twenty one. 198 00:11:33.000 --> 00:11:35.519 It was a crisis. They had launched the COVID War. 199 00:11:36.320 --> 00:11:40.919 Businesses were going out of business, economies were crashing. They 200 00:11:40.919 --> 00:11:43.799 pumped in all this cheap money to artificially prop everything up. 201 00:11:45.200 --> 00:11:48.759 You're looking at the numbers you're asking me about the 202 00:11:48.799 --> 00:11:53.960 global economy. It's a crisis. We are heading for the 203 00:11:54.000 --> 00:11:59.799 worst geopolitical and financial crisis in the history of the world. 204 00:12:00.039 --> 00:12:03.519 Part one and Part two. There's no way added is 205 00:12:04.639 --> 00:12:07.039 So now let's go back to the Trends journal and 206 00:12:07.080 --> 00:12:09.759 look at one of your top trends for twenty twenty four. 207 00:12:10.639 --> 00:12:13.960 A golden year for gold. Yeah, there were people that 208 00:12:14.000 --> 00:12:15.759 said gold is going to go Nobody called it. No, 209 00:12:16.080 --> 00:12:23.039 no media publication called it a golden year for gold 210 00:12:23.080 --> 00:12:27.440 other than us, nobody. Gold prices have gone up since 211 00:12:27.440 --> 00:12:33.600 we made that forecast some five hundred dollars an ounce. 212 00:12:36.399 --> 00:12:41.480 Gold as we're speaking now is two thousand, five hundred 213 00:12:41.799 --> 00:12:48.039 and seven dollars an ounce. So where's gold going. Gold 214 00:12:48.759 --> 00:12:51.679 very well could hit three thousand dollars in ounce by the. 215 00:12:51.679 --> 00:12:54.799 End of this year. Yeah, that's right. 216 00:12:54.799 --> 00:13:01.279 And here's why they're going to cut interest rates. They 217 00:13:01.320 --> 00:13:03.879 do it all the time in the run up to 218 00:13:03.919 --> 00:13:08.039 the presidential reality show. And before I go into that, 219 00:13:09.360 --> 00:13:17.720 this is from Kitko yesterday. Even as goal prices set 220 00:13:18.000 --> 00:13:23.840 new all time highs NET purchases by central banks more 221 00:13:23.919 --> 00:13:33.399 than doubled to thirty seven tons in July. The world 222 00:13:33.519 --> 00:13:37.480 banks are buying it because they know how bad things are. 223 00:13:40.279 --> 00:13:44.200 The average people don't have a clue of what is 224 00:13:44.240 --> 00:13:49.279 going on, because if you go to CNN, the Cartoon 225 00:13:49.320 --> 00:13:54.440 News Network, before I got on the air, this was 226 00:13:54.480 --> 00:13:57.240 one of the top stories. Now, I know this is 227 00:13:57.279 --> 00:14:00.799 so important to you and everybody listening, and that's why 228 00:14:00.840 --> 00:14:06.639 I'm reading it. Taylor Swift cheers on Travis Kelcey at 229 00:14:07.120 --> 00:14:13.879 Kansas City Chiefs Wins season opener. I'm not making this up. 230 00:14:15.600 --> 00:14:16.720 What the hell do I care? 231 00:14:17.399 --> 00:14:20.799 Well, Hey, they just rehired it. They rehired Brian Stelter. 232 00:14:20.919 --> 00:14:23.759 That's why that's happening there. He's like a news director 233 00:14:23.840 --> 00:14:25.559 or something. That's like he's the one he's picking out 234 00:14:25.600 --> 00:14:26.480 these stories like that. 235 00:14:26.559 --> 00:14:26.879 I guess. 236 00:14:26.919 --> 00:14:34.039 So, yeah, it's amazing. Well, you know when we look 237 00:14:34.080 --> 00:14:38.080 at this, Okay, you talked about interest rates. What is 238 00:14:38.559 --> 00:14:40.679 the general consensus of what they think the Fed it's 239 00:14:40.720 --> 00:14:42.919 going to do. You know, in September they're going to 240 00:14:43.000 --> 00:14:44.759 cut right, so everybody thinks that's going to happen. 241 00:14:44.799 --> 00:14:47.200 Well, absolutely going to cut it. The only question is 242 00:14:47.559 --> 00:14:49.720 whether they're going to cut it by twenty five basis 243 00:14:49.759 --> 00:14:51.039 points of fifty basis points. 244 00:14:51.159 --> 00:14:55.360 Yeah, yeah, that was my question. Again, census, what people think, 245 00:14:55.519 --> 00:14:56.879 what the rumors and census. 246 00:14:58.000 --> 00:15:01.879 Okay, consensus is twenty five. But again this just came 247 00:15:01.919 --> 00:15:05.559 out this morning. August payrolls grew by less than expected 248 00:15:06.279 --> 00:15:11.679 one hundred and forty two thousand jobs. The jobs that 249 00:15:11.720 --> 00:15:18.480 are being created are cheap jobs in social services, in 250 00:15:19.320 --> 00:15:23.279 working for the chains, paying you nothing. See this is better. 251 00:15:23.360 --> 00:15:27.440 That's like, well, plantation workers of slave land, you, this 252 00:15:27.600 --> 00:15:31.480 is better than the old plantation system because back then 253 00:15:32.360 --> 00:15:35.879 they had a house you and feed you. Now they 254 00:15:36.000 --> 00:15:37.759 just give you enough money, get the hell outia and 255 00:15:37.799 --> 00:15:44.679 come back tomorrow. So going back to the data, they're 256 00:15:44.679 --> 00:15:49.639 going there is a high probability that they will lower 257 00:15:49.720 --> 00:15:53.679 interest rate fifty basis points, things like the eighteenth of 258 00:15:53.679 --> 00:16:00.200 this month seventy I think the eighteenth that they'll lower them. Now, 259 00:16:00.200 --> 00:16:05.039 this is important. The lower interest rates go, the deeper 260 00:16:05.080 --> 00:16:10.279 the dollar falls. The deeper the dollar falls, the higher 261 00:16:10.279 --> 00:16:16.120 goal prices go. This isn't rocket science. Now, the only 262 00:16:16.279 --> 00:16:24.360 reason the dollar is strong is because of high interest rates. 263 00:16:25.960 --> 00:16:29.360 And now they're cutting interest rates all over the world. 264 00:16:29.559 --> 00:16:32.159 The other day Canada just cut its interest rates again, 265 00:16:32.600 --> 00:16:36.000 and they cut them at the fastest pace in Canada 266 00:16:36.759 --> 00:16:40.559 since two thousand and nine. Oh, two thousand and nine, 267 00:16:40.799 --> 00:16:45.120 you mean when the Great recession? Really it odd? All right, 268 00:16:45.320 --> 00:16:49.000 that's what's going on. You look at the data, you 269 00:16:49.000 --> 00:16:53.159 look at the numbers. Again, we only go by facts. 270 00:16:55.039 --> 00:17:05.839 This is yesterday that DOWFAOLS two hundred points, SMP post 271 00:17:05.880 --> 00:17:12.599 third straight loss as growth fears plague investors growth fears. 272 00:17:13.920 --> 00:17:14.839 They're freight and growth. 273 00:17:17.359 --> 00:17:22.319 So again the whole thing is artificially propped up. You 274 00:17:22.400 --> 00:17:25.440 have three Again when I say slave landy, I'm not. 275 00:17:25.680 --> 00:17:29.599 This is an empty words. You have three companies. These 276 00:17:29.640 --> 00:17:36.000 hedge funds, private equity groups, Capital, venture capitalists, Vanguard, Black Rock, 277 00:17:37.400 --> 00:17:41.480 and State Street own eighty eight percent of the S 278 00:17:41.519 --> 00:17:47.960 and P five hundred. So the whole game is rigged. 279 00:17:49.119 --> 00:17:51.240 They're going to do everything they can to prop it 280 00:17:51.319 --> 00:17:51.759 back up. 281 00:17:54.319 --> 00:17:54.559 Wow. 282 00:17:55.480 --> 00:17:59.720 You know it's when you talked about the jobs that 283 00:18:00.000 --> 00:18:02.720 one hundred and forty thousand or whatever it was that 284 00:18:02.799 --> 00:18:07.200 they said was short in August. That's after they adjusted 285 00:18:07.240 --> 00:18:09.240 and we talked about it last time you were here, 286 00:18:09.440 --> 00:18:13.519 after they adjusted the quarterly reports and said, actually there's 287 00:18:14.200 --> 00:18:16.480 over eight hundred thousand fewer jobs than we told you 288 00:18:16.640 --> 00:18:18.680 last time. You're always lying about that stuff, and so 289 00:18:18.720 --> 00:18:20.759 now this is this is really big. Now we're up 290 00:18:20.799 --> 00:18:25.880 to a million jobs pretty close to that that aren't there. 291 00:18:27.039 --> 00:18:29.640 So I guess they're afraid of growth and maybe that's 292 00:18:30.000 --> 00:18:30.319 going to be. 293 00:18:30.279 --> 00:18:31.839 A good thing for them. Huh. 294 00:18:32.039 --> 00:18:34.000 If they're afraid of growth, they say they're not seeing 295 00:18:34.000 --> 00:18:35.079 any growth happening with that. 296 00:18:36.000 --> 00:18:38.599 So this is again, this is from Challenge. You're in 297 00:18:38.720 --> 00:18:42.559 Grave and Christmas. As they report of this on Wednesday, 298 00:18:44.119 --> 00:18:47.480 job openings in July I touched the lowest point since 299 00:18:47.640 --> 00:18:52.119 January twenty twenty one. Okay, let's stop right there. January 300 00:18:52.240 --> 00:18:55.519 twenty twenty one. Yeah, when the nation was locked down. 301 00:18:56.319 --> 00:18:58.839 Yeah, yeah, who was hiring? 302 00:18:59.039 --> 00:19:07.319 That's how bizarre? Yeam Thursday, and this was the worst 303 00:19:07.559 --> 00:19:14.720 August layoffs since two thousand and nine. Oh, two thousand 304 00:19:14.759 --> 00:19:20.640 and nine, the height of the Great Recession. And the 305 00:19:20.839 --> 00:19:25.559 slowest year for hiring since the firm started tracking the 306 00:19:25.680 --> 00:19:29.599 metric in two thousand and five. He asked me how 307 00:19:29.640 --> 00:19:34.160 the economy is going. The proof is all in, but 308 00:19:34.240 --> 00:19:37.279 we won't talk about it, and we won't talk about 309 00:19:37.680 --> 00:19:45.400 in Boston, your office vacancy rate, empty buildings, it's only 310 00:19:45.440 --> 00:19:50.480 twenty seven percent. New York's only twenty four percent. San 311 00:19:50.480 --> 00:19:55.400 Francisco is only about thirty five percent. Vacan't nobody there. 312 00:19:56.400 --> 00:19:59.759 So what the banksters are doing is they're extending these 313 00:19:59.839 --> 00:20:03.680 loves artificially propping it up. 314 00:20:04.240 --> 00:20:04.480 Mh. 315 00:20:05.039 --> 00:20:07.920 I'f some fort trillion dollars worth of commercial real estate 316 00:20:07.960 --> 00:20:11.039 loans coming over due in the next two years. 317 00:20:11.680 --> 00:20:12.039 Wow. 318 00:20:12.920 --> 00:20:16.400 Wow, it's going to be huge. And she said, you're 319 00:20:16.400 --> 00:20:18.000 the only one talking about it, and you've been talking 320 00:20:18.000 --> 00:20:20.119 about it for a long time. When it all happened, 321 00:20:20.200 --> 00:20:23.279 you immediately said, well, this is gonna have and we're 322 00:20:23.279 --> 00:20:26.079 dealing with. You know, that's one of the biggest repercussions, 323 00:20:26.119 --> 00:20:28.279 But of course there's a lot of other repercussions as well. 324 00:20:28.319 --> 00:20:31.079 A lot of small businesses have been put out. I 325 00:20:31.119 --> 00:20:35.480 talked a couple of weeks ago to a woman who 326 00:20:35.519 --> 00:20:37.839 was actually put in jail if you remember, you know 327 00:20:37.920 --> 00:20:42.319 in Dallas had the local Grand Pooba came after a 328 00:20:42.359 --> 00:20:46.440 woman who had had kept her beauty shop open. Well, 329 00:20:46.480 --> 00:20:50.400 this is a woman in Minnesota, and Tim Waltz and 330 00:20:50.440 --> 00:20:54.200 his thugs actually put her in jail. They had some 331 00:20:54.240 --> 00:20:57.160 small businesses who organized and said we're going to stay open, 332 00:20:57.799 --> 00:21:02.759 and they had hundred businesses that were part of an organization, 333 00:21:03.160 --> 00:21:05.720 and only a handful of them, about a dozen or so, 334 00:21:05.720 --> 00:21:07.799 said they were going to do it. And then when 335 00:21:07.839 --> 00:21:10.519 they got a threatening letter, everybody caved except for a 336 00:21:10.559 --> 00:21:13.319 couple of them, and she was one of those, and 337 00:21:13.359 --> 00:21:15.440 she refused to do an that stuff, so they threw 338 00:21:15.480 --> 00:21:18.039 her in jail and she wound up having a She 339 00:21:18.079 --> 00:21:20.519 and her husband had a business there for decades. She 340 00:21:20.519 --> 00:21:22.920 had to even move to another state after she got 341 00:21:22.960 --> 00:21:26.599 out of jail. So, I mean, this is the damage 342 00:21:26.640 --> 00:21:30.640 that's been done throughout this lockdown, and nobody wants to 343 00:21:30.640 --> 00:21:33.200 pay attention to how that happened or who did it. 344 00:21:33.440 --> 00:21:35.640 It was a bipartisan thing. But you've been talking about 345 00:21:35.640 --> 00:21:37.000 this in the very beginning, how it was going to 346 00:21:37.240 --> 00:21:39.880 affect even the commercial estate and the banks, and of 347 00:21:39.880 --> 00:21:42.599 course it is we're now seeing other aspects of this 348 00:21:42.680 --> 00:21:49.319 gerald and in Germany, Volkswagen is going to be closing 349 00:21:49.599 --> 00:21:54.920 a factory in Germany for the first time ever. In 350 00:21:54.920 --> 00:21:58.240 their eighty seven year history. They've closed factories in other countries. 351 00:21:58.279 --> 00:22:01.559 You know, they had factories where they made cars for 352 00:22:01.599 --> 00:22:03.559 those markets, and they've closed those in the past, but 353 00:22:03.599 --> 00:22:05.839 this is the first time they've ever closed a factory 354 00:22:05.920 --> 00:22:08.480 in Germany and it's going to be a big fight 355 00:22:08.519 --> 00:22:11.279 with the unions there. Part of that is happening because 356 00:22:12.000 --> 00:22:14.359 they caved after they came after them with this diesel 357 00:22:14.359 --> 00:22:18.160 Gate thing. They went to ev stuff and that's not 358 00:22:18.200 --> 00:22:21.319 working out for them. But it's also the economy and 359 00:22:21.680 --> 00:22:26.079 it's also the cost of manufacturing in the West has 360 00:22:26.160 --> 00:22:31.279 gone sky high because they've given an energy preference to China. 361 00:22:31.359 --> 00:22:33.200 How do you see that happening? I mean, there's so 362 00:22:33.400 --> 00:22:36.279 much that's there with this Green New Deal grift that 363 00:22:36.400 --> 00:22:39.400 is going not only subsidies a massive transfer of money 364 00:22:39.440 --> 00:22:43.160 like we saw with the pandemic, but it's also the 365 00:22:43.240 --> 00:22:47.240 kind of structural damage that we saw with the lockdown. 366 00:22:47.359 --> 00:22:51.319 They're locking people down already in so many different financial 367 00:22:51.359 --> 00:22:54.359 ways with this Green New Deal stuff, aren't they? 368 00:22:55.880 --> 00:22:59.240 I said, these a lot of things you mentioned. Let's 369 00:22:59.279 --> 00:23:01.279 talk about sub that's just hitteque. 370 00:23:01.319 --> 00:23:01.519 Yeah. 371 00:23:01.599 --> 00:23:05.400 Yeah, there's an Italian guy that I'm not very fond of. 372 00:23:05.440 --> 00:23:10.759 His name was Mussolini. The merger of state and corporate powers. 373 00:23:10.759 --> 00:23:16.920 It's called fascism, subsidies. You're giving some clown my money. 374 00:23:18.279 --> 00:23:21.079 How about doing it on your own? What's a subsidy? Crap? 375 00:23:21.839 --> 00:23:25.200 Shut that hell up, SOILENTI don't you understand? They give 376 00:23:25.240 --> 00:23:28.440 it back to us in the name of campaign contributions. 377 00:23:28.720 --> 00:23:32.319 That's what moron's and imbeciles call it. It's called paybacks. 378 00:23:33.640 --> 00:23:40.279 You're talking about the cheap labor going into China, Bill Clinton, 379 00:23:40.599 --> 00:23:43.200 what do you think they pay that arrogant a little him. 380 00:23:43.319 --> 00:23:46.240 This was one of my t shirts back in nineteen 381 00:23:46.400 --> 00:23:53.799 ninety two when Clinton was running. Could you see that? 382 00:23:54.039 --> 00:23:58.759 Yeah, beware it's lick Will. Yeah yeah, yeah. 383 00:23:58.799 --> 00:24:02.160 Where do you think Goldman's Ax pays this arrogant little 384 00:24:02.240 --> 00:24:08.440 piece of garbage three hundred thousand dollars an hour to 385 00:24:08.559 --> 00:24:12.640 hear him speak? Oh? Oh, we did a way with 386 00:24:12.640 --> 00:24:16.240 the Glass Stiegel Act, didn't he Yeah, it's paid back. 387 00:24:16.599 --> 00:24:17.880 Yeah, that's right. 388 00:24:17.960 --> 00:24:22.240 So going back, going back to what's going on with 389 00:24:22.319 --> 00:24:25.240 the green and this and that. You mentioned Volkswagen. What's 390 00:24:25.279 --> 00:24:27.720 one of your other top trends of twenty twenty four? 391 00:24:29.599 --> 00:24:36.720 Evs go fu We've been writing about this since two 392 00:24:36.880 --> 00:24:41.240 thousand and fifteen, when the whole EV things started to 393 00:24:41.599 --> 00:24:45.839 go these things, we said, these figures are not energy efficient, 394 00:24:46.359 --> 00:24:49.799 they are not helping to clean the environment. They are 395 00:24:49.839 --> 00:24:54.799 inefficient and over expensive. Yeah, the whole EV market is 396 00:24:54.839 --> 00:24:59.519 going down except in China. And the reason in China 397 00:24:59.880 --> 00:25:05.279 is is number one, they got their evs are being 398 00:25:05.400 --> 00:25:06.960 subsidized by the government. 399 00:25:07.400 --> 00:25:07.599 Yeah. 400 00:25:07.880 --> 00:25:10.599 Yeah, so it's making it cheaper for people to buy them. 401 00:25:10.839 --> 00:25:14.039