The US dollar is facing a crisis due to unsustainable debt levels exceeding 100% of GDP, rising oil prices from conflicts like the Iran war, and the widening gap between Wall Street gains and Main Street struggles, with the speaker predicting that the 21st century will be the Chinese century as America's business model of war contrasts with China's focus on commerce.
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"All Hell Gonna Break Lose..." - Gerald Celente本站添加:
It's the death of the dollar. America's become the country our founding fathers fought against. Look at the debt level that we have. Where they're saying now it's to the debt to GDP level is like over 100. And you go back a decade ago it was always half of that. And so when I say what our founding fathers fought against, once upon a time there was this place called Great Britain where the sun never sets on the British Empire. Where they're slaughtering people all over the world, right? War after war after war after war after war. So what happened after World War I? Pound went down and the dollar went up because of all the wars that they fought. America is now in that same position. One of my sayings is that the 20th century was the American century, but the 21st century is going to be the Chinese century because the business of America, by the facts, is war. The business of China is business.
[music] The death of the dollar is coming. And now the Iran war has made a very bad situation much worse.
Because a lot of the countries now that are really getting hit very hard because of this war can't stand the United States [music] for starting it along with Israel. But Israel really doesn't count. The United States does because it's the dollar. The petrodollar as the prices are skyrocketing. Let's go back to February 24th. President Trump's State of the Union address. Hey, because of me price of gasoline, a gallon of gasoline in most states $2.30.
What's it today? What's a barrel of Brent crude? And let's go to the beginning of the year. What was the average price? Well, about $60 a barrel.
Going back to the death of the dollar.
This is wiping out countries all over the world. Inflation skyrocketing. And not only because of the straight or moves with oil, but other products and you know, commodities that go through it. So there's going to be a very very anti-American movement from the the countries that go down. You know, once upon a time there was this guy by the name of Bill Clinton. So, Bill Clinton, when he was running for office, he had his line, "It's the economy, stupid."
That was the behind-the-scenes line.
Only talk about the economy. Now, again, going global and why they're not going to like America, it's the economy, stupid. And this war hurt the whole world economically, geopolitically. So, this is very serious. So, that's going to be another thing that brings down the death of the dollar. They've had it with America. Look at tourism. Oh, in the Middle East tourism, the last numbers I saw, and I'm going back to March, it was down $600 million a day. Look at the flights being canceled.
So, this is more than just one level.
It's So, this is very important. They're all saying it's going to be stagflation, stagnant economy and rising inflation.
No, it's not. It's going to be dragflation, declining economic growth and rising inflation. But again, going back to the Middle East, they were having a rough time already. Let's go back to oil prices. One of the reasons why Brent crude was so low back then, there was more supply than demand, and OPEC plus was pushing out more than they should have been pushing out because they needed the dough. And now Saudi Arabia is really being hit hard. And then with this war going on, Iran bombing all these places where there are American bases, this thing's going down really bad. And again, it's all across Europe. Look at the price of petrol.
This is hurting the average person. And that's very important. You know, the equity markets, when people look at them, you know, I was just doing some, you know, numbers out here. I just Googled it up. BlackRock, Vanguard, and State Street, the big three, collectively hold approximately 22% to 28% of the total market capitalization of the S&P 500, representing over $30 in managed assets across the funds, all right? And they also go on that it's global. They own 16.4% of the markets in the UK, 19% in Australia, on and on and on. I'm mentioning this because the equity markets have zero to do with Main Street. Wall Street and Main Street, there's no connection at all. And the equity markets are going up and the GDP's going up. And the data is there, I'm not making this up, because of all the money being spent in AI and [music] all these data centers and on and on and on. It's a big percentage of the gross domestic product. It's not coming from consumer spending. So, there's the K-shaped economy where the top of the K are the rich and the rest are going down. This is very serious. And like you said, you know, people go put put gas in their car. I can't afford it. Oh, look at the foreclosure rates now going way up. Before COVID, the average age of first-time home buyers in the United States, 28 years old. You know what it is now? 40 years old. Young people getting wiped out. So, this is very serious. This war, the damage it's done is incalculable. [music] And the longer it goes on, the worse it's going to get. I started buying gold when the Iran conflict started breaking out in the late 1970s. Look what interest rates were back then. [music] Like 8, 10%, 12% in 1980. And then when Volcker came in, he wrapped them up higher. So, interest rate, you know, what are they now? We're talking 3.5, 3.75. We're talking back then, before Reagan won, it was a whole different time. I'm totally opposed to the Central Bank, you know, thing made up by the clown Woodrow Wilson. Federal Reserve, a bunch of banksters. You know, the guy that gave us World War I, the Federal Reserve and federal income tax, may rot in hell. Oh, the IRS, I forgot about that. Again, look what happened when the things crashed, we took out the domain name, the panic of '08 in 2007. The Federal Reserve has people losing their homes because the banksters, hey, you got no job? You're out of work? You're deep in debt? Don't worry about it. over you got a subprime mortgage. Those slimeballs Bard College Levy Institute $29 trillion to bail out the banksters. So going back the interest rates now are nothing compared to what Buffett was saying back in Volcker to stop inflation. Oh, and why did inflation go to where it is?
Tracking trends is the understanding of where we are, how we got here, and where we're going. The COVID war. Remember that one? Hey, get back in your house.
Don't worry about it. Here's free money.
Hey, we're bringing interest rates down to zero, all right? Oh, that guy Powell?
The Powell that he's pushing? Oh, there's no inflation. It's only temporary. Oh, that Powell? No, no, it's only transitory. That Powell? As inflation skyrocketing because they pumped in all this cheap money all over the world. Everybody forgets about why we have high inflation. They artificially propped up the markets as they destroyed the global economy. Get back in your house. Wear the mask. Stay 6 ft apart. The wind blows exactly in straight lines every 6 ft. And don't forget when you masturbate, sanitize your hands. Golden and silver. And it's no question about it. Gold prices should be spiking now with this war going on.
It's the number one safe haven asset.
But it's going down for two reasons. How they destroyed the global economy, Russia, Turkey, Mexico. Countries selling gold because their debt levels are going up, their currencies are going down, and they got to cover their losses. And what everybody's forgetting is that the equity markets were going down before the Iran war began on February 28th. Because of AI wiping out starting to wipe out a number of software companies. So people were covering their losses because they were making a lot of dough on gold. They had to sell the gold to cover their losses in the equity markets. People forget this.
>> [music] >> That it's the number one safe haven asset. I got to tell you the first thing you got to do is get in the best shape you can, physically, emotionally, and spiritually. I've been at this for 46 years. These are the most dangerous times of our life, as I see it. There's a thing in Israel they call the Samson option. If they lose, they go nuclear.
You go back to again, we've been writing about this for decades, and we've been saying that if the United States and or Israel go to war against Iran, Brent crude is going to spike to well above $100 a barrel, and it's going to crash the global equity markets and the global economy. We are at that point, and we say there's no way that either the United States or Israel is going to defeat Iran. These are the Persians.
They are very advanced scientifically, technologically, and militarily. And again, as you know, I launched a movement called Occupy Peace. I have peace rallies every year. So, I put my money where my heart is, and you go back to the facts. America has not won a war since World War II, and they would not have won that one, they hate me for saying this, if the Russians didn't defeat the Germans first, after the Germans killed over 27 million Russians in Operation Barbarossa. Lost the Vietnam war, lost the Iraq war, lost the longest war in American history, the Afghan war. You're going to beat the Persians? No. All the facts show that Iran was not making a nuclear weapon.
Oh, North Korea has a nuclear weapon?
Are they a threat to the United States?
I'm asking you. Could you sleep at night because you're worried about North Korea attacking America? What if North Korea launched a nuclear weapon? We wipe out North Korea in 60 seconds with our nuclear weapons. How many nuclear warheads does Israel have? They estimate between 200 to 400. And again, who's to decide who should have a nuclear weapon or not? And again, I became a trend forecaster, this is when I became a political atheist, when the Iranian war broke out back in the late 1970s. They taught us to hate Iran. Oh, they were overthrowing the Shah. What, a dictator?
Oh, what do they call his son? The Crown Prince. What's this prince crap? Oh, the royal family where the sun never sets on the British Empire and they get dressed up in these costumes. If they were Italian, they'd call them mafia for all the people that they slaughtered. So, let's go back to Iran. 1953, they threw out the Shah's old man and they democratically elected a guy by the name of Mohammad Mosaddegh. Mosaddegh had the nerve, the gall to say, "The oil in Iran does not belong to Anglo-Iranian Oil, better known today as BP, or Standard Oil, better known today as ExxonMobil.
It belongs to the Iranian people." No, it doesn't. They did not release the official data until around 2013.
Remember, this happens 1953. That little clown boy who smokes cigars who looks like a fat little slob that everybody looks up to, Winston Churchill. Yeah, that jerk who gave us World War I and World War II, telegrams from him to Kermit Roosevelt, Theodore Roosevelt's grandson, that we have to take that oil back. They overthrew the government of Mosaddegh. They brought in the SAVAK, the secret police that made the SS look good. It was a crime syndicate running Iran under the Shah. I became a political atheist the day little Jimmy Carter came back from spending New Year's Eve with the Shah and his wife.
Gets out of the helicopter, all those guys dressed up in a costume, you know, how they salute. And he goes on to say that the Shah is the island of stability in the Middle East. This has the revolutions going on. In the Bronx, we used to say, "Bullshit has its own sound." I said, "This thing's going down." And that's when I started playing the gold and oil futures markets. People forget about this. They taught us to hate Iran just like they taught us to hate the Russians all our lives. Yeah, what's the What are they going to do? I sleep well because Israel has nuclear weapons? Oh, how about when they had just threw out over a million people out of South Lebanon? Oh, that Israel with nuclear weapons? It is a lot of crap this nuclear weapons stuff. Nothing to do with it. Oh, how about getting all them narco terrorists out in the Caribbean over there from Venezuela?
Remember that story week after week, month after month? Then all of a sudden they kidnapped the president and his wife of Venezuela. And what did it become? All about oil. Like I say, you think the United States would have invaded Iraq, Libya, Syria if their major export was broccoli?
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