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Feb. 21, 2025 - The David Knight Show

56:14

Trump the Wild Card on Tariffs, Global Chaos

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	Joining us now is Gerald Salenti, I just Just ask him how he's doing.
	He broke his ankle just like Karen.
	What happened, Gerald?
	You know, I run short distances to stay in shape, and it was snowing out, and I was running from one place to another, and there was ice under the snow, and I went down on it about two weeks ago.
	Oh, wow.
	Yeah.
	I hear that.
	Yeah, Karen went rolling down a hill.
	She twisted her knee and she had a cinder block that she was trying to move that was stuck in the ice and it gave way.
	She went rolling down a hill along with a cinder block that was hitting her a little.
	But I sure hope you get better.
	Yeah.
	It's a bad time.
	And you've got a lot of ice up there.
	I imagine it's pretty cold.
	It's been pretty cold down here as well.
	Well, let's talk a little bit about tariffs and other things.
	Pick up where I left off.
	I was just talking about, you know, Lucky Lutnik telling us that they're going to get rid of the income tax.
	Do you believe they're going to get rid of the income tax?
	You know, if Trump says about the tariffs to do the tariffs because when they had tariffs, we didn't have income tax.
	And that slime ball made rotten hell.
	Woodrow Wilson, and I say making rotten hell because that's the SOB that brought us into World War I. We had no business getting into.
	I'm a Yankee doodle dandy, a Yankee doodle do a die, yeah.
	And he gave us the Federal Reserve, and he gave us federal income tax in the IRS. So Trump is saying with these tariffs, Like they had when McKinley was president before, that the money that came in from the tariffs, we didn't have income tax.
	So if he lives by his word, yeah, great.
	But again, you know, Trump speaks out of both sides of his mouth, so you never know.
	That's right.
	Listen, when I get elected, the first day I'm on, the first day, I'm going to put a 25% tariff on Mexico and China.
	He gets into office.
	Well, I'm going to wait two weeks.
	All right, two weeks go by.
	I put the tariffs on February 1st.
	It got sung.
	You took them off on February 3rd.
	I remember Zero Hedge had an article that the shortest, I survived the trade war of 2020 February 3rd to February 4th or something like that, right?
	Yeah.
	A t-shirt.
	You don't know what he's going to do, but if he says it, and I have to tell you, as much as I can't stand him, He's done more positive things than Biden did during his administration, and here's number one.
	Biden never did a single positive thing.
	I think probably.
	As long as he did one positive thing, that's good.
	The Ukraine war.
	Trump was president.
	We would not have given Ukraine.
	The numbers that I see are about $300 billion.
	Under the Trump administration, we would have done that.
	I don't either.
	I don't either.
	So, that to me is a positive, him trying to end the war.
	On the negative, let's steal that land from Gaza and make it a Riviera.
	And his son-in-law, Jared Kushner, we wrote in the Trends Journal back last year, right about this time.
	He said that that's very valuable waterfront property, and we should move the Palestinians, this is a quote, out of Gaza and put them into the Negev Desert.
	So I can't stand Trump's pro-Zionist and sending, oh, talking about, and again, these guys speak out of both sides of their mouth.
	How about that, how about that daddy, another daddy's boy, by the way, RFK Jr. We have to end that war in Ukraine.
	It's terrible what we're doing.
	Giving the bombs to kill people.
	They got sown.
	But you're in favor of slaughtering the people over in Israel, aren't you?
	Aren't you?
	And that's why I got my money back.
	I gave him $6,200 when he was running for president.
	You were here.
	What's his name?
	Dennis Kucinich, his campaign manager, one of my speakers at my...
	Occupy Peace Rally.
	They talk out of both sides of their mouth.
	But again, on the positives...
	You know, as I was listening to you, yeah, Trump made a big deal about cutting, what, 6,000 IRS, but where they still got, they put 80,000 more guys in there or something?
	Yeah.
	So what did he do, do nothing with 6,000 cutting back?
	Yeah, 6,000 is less than they hired in just the last, you know, half of last year.
	So, you know, again, they play these games.
	And what I'm concerned about with the IRS, Gerald, is that, you know, Elon Musk has said we're going to minimize government.
	But we're going to maximize governance is basically what he's talking about.
	And so what I'm concerned about is that they're going to get rid of a lot of the IRS agents and replace them with AI machines that can audit everybody all the time.
	I think that's where we're headed.
	Maximum governance.
	You are 100% right.
	I never thought of that.
	You are 100% correct.
	Yeah, and that's what concerns me.
	What does their new system look like?
	And I think it is going to be right down our throats everywhere we turn.
	Even if he goes through with it.
	Here's to make it 1,000% clear.
	When Trump was president, and by the way, he's only interested in the rich.
	You look at the cover of this week's magazine.
	We got, what's his name up there?
	Musk sitting on a throne, you know.
	And the slave is under him.
	You know, money is power.
	Everybody else shut your mouth.
	That's right.
	Look at all the billionaires he got in there.
	So let's go to Trump's BS about taxes and everything.
	All he cares about are the big corporations.
	By the facts.
	Let's go back to 2017 when he was president.
	I'm cutting them income tax on those corporations.
	Bring them down to 15%.
	And you know what these corporations are going to do?
	When we cut those taxes, they're going to create jobs because they're going to take that money and use it for capital improvements.
	Hey, what happened in 2018?
	They took that money and it was the biggest year ever of stock buybacks.
	I remember when you predicted that.
	You predicted that in 2017 when you're on the program.
	You're talking about, you know, look at this is just going to be the big guys and that's exactly what they're going to do and you were exactly right.
	And that's what they did do.
	It was all, all of it was for the big guys and they didn't do anything productive with it.
	They just bought back their stock.
	You know, people are, by the way, I'm getting blacklisted.
	People are leaving me because they don't like that I raise my voice.
	And they don't like my language.
	Oh, you're beating the hell out of me.
	You're stealing all my money.
	Oh, don't you be angry, Salenti.
	You're still in kindergarten.
	You listen to your teachers.
	You gotta swallow the crap spewing out of Musk's mouth.
	He's the richest man in the world.
	That means that he knows the answers to everything, right?
	That's it!
	You're just a stupid little wop from the Bronx.
	He knows how to find his way around government.
	That's his superpower.
	You know, he's been able to make this, become the world's richest man, history's richest man, by, you know, slithering through the halls of Congress and other foreign governments and getting everything that he wants from them.
	And now we've never seen anything like this.
	I mean, he's even, you know, he owns the Oval Office.
	And no doubt about it.
	Look, it's right in front of everybody.
	He gave Trump almost $300 million in his campaign.
	I want everybody, I say this over and over again, shut your damn mouth.
	You, as an American citizen, have absolutely no right to question the government.
	You have no right to talk to any politician unless you put up a lot of money.
	So shut your mouth.
	Oh, by the way, as an Italian...
	There used to be a guy by the name of Mussolini.
	Yeah, the merger of state and corporate powers.
	Fascism.
	That's his quote.
	And that's what we got in front of everybody's eyes who aren't too blind to see.
	Did you see what his son, little ex, he calls his son ex.
	Did you see what his son said to Trump?
	He said, shut up.
	You need to get out of here.
	You're not president.
	It's like, where did he hear that from?
	And I gotta see this little stupid kid on his shoulders?
	There was a meme, Gerald, that somebody put up.
	So they got Trump sitting at the desk, and they've got Musk standing next to it with a kid on his shoulders.
	And what they did was they photoshopped Eric Trump sitting on Donald Trump's shoulders.
	It's one of the funniest things I've seen.
	But yeah, it's pretty ridiculous.
	They're going to bring my son with me to work.
	Here we go.
	And yeah, it was pretty amazing.
	But I thought that kid was really something else.
	He needs a woodshed treatment big time.
	But where did he hear all that stuff?
	You're not president.
	Shut up.
	Get out of here.
	And I was just repeating what he's heard daddy say.
	Again, as George Carlin used to say, it's one big club and you ain't in it.
	And when you look at all these little clown boys and girls, look how many of them come from...
	Remember that little scum piece of crap?
	Anthony Blinken?
	That little gutless little clown?
	Oh, that was Secretary of State?
	I went to Dalton.
	I went to Harvard.
	My daddy was the ambassador to Hungary.
	My uncle was the ambassador to Belgium.
	Hey, how about little Georgie Bush?
	A guy with a pair of cojones smaller than a mothball and a brain the size of a pea.
	Why, my daddy was George Bush.
	Don't you know my grandfather was Prescott Bush.
	Oh, a criminal like...
	Oh, I got that little clown jerk that's now running for mayor in New York.
	Andy Cuomo.
	My daddy was Mario Cuomo.
	I was the governor.
	We're renaming the Tappan Zee Bridge after my daddy.
	All right?
	Yeah.
	And now, so going back to Musk, his kids are going to be the same kind of arrogant pieces of scum like he is.
	Oh, yeah.
	Yeah.
	They got all this money.
	You are a nobody.
	That's right.
	Yeah.
	Yeah, his kid's going to be one of the richest men in the world.
	Just watch what happens with all of that stuff.
	And of course, several generations of Musk, I talked about this earlier in the week, his grandfather was one of the key people in the technocracy movement in the 1930s.
	He had criminal charges brought against him in Canada for all of that.
	But, you know, looking at this, and again, you and I agree, I've always said...
	The income tax is one of the worst ways to collect taxes, right?
	It's very intrusive.
	It can be weaponized easily against people and all these other things, and very cumbersome to deal with.
	And so there's been many, many, many different types of reforms.
	People have talked about flat tax, a fair tax, and on and on.
	But always in the past, the conservatives would say, but we're going to wind up with both of them.
	And they would kind of push back.
	Now with Trump, no problem.
	We're not going to end up with both of them.
	But I think we're going to end up with both of them.
	You know, Trump doesn't want to go below a, he sets 15%.
	And isn't it coincidental?
	That they had a globalist agreement under Biden that nobody's going to go below 15% on corporate income tax.
	He's going to do what his masters tell him to do.
	He's not anti-globalist.
	He's going to go along with them on all the rest of the stuff.
	And so I think we're going to wind up with both of these things.
	That's my concern about it.
	And I think he's going to go rapidly into this.
	And I see it as kind of like somebody trying to get off of a drug that they're hooked on.
	We've been on this open borders, open trade, and we've got a distributed supply chain that's distributed across all the different borders.
	And my concern is what happens economically when you hit that with a really fast change.
	Is that a concern of yours?
	What do you think is going to happen with this happening all at once?
	It's a guessing game.
	I do the top trends every year.
	I've been at this 45 years.
	You know my books.
	Trends 2000, International Best Seller, Trend Tracking, Far Better Than Megatrends, Time Magazine.
	We've been publishing the Trends Journal since 1991. Never before have one of my top trends been wildcard.
	It's a wildcard.
	And that's the Trump card.
	Oh, by the way, he called himself a king.
	When we put the top trends out, January 2nd, we have the Trump card and we have him dressed up with a crown, the king.
	It's a guessing game.
	This guy, you don't know what he's going to do.
	he's only going to do it for himself and those that support him so you don't know You just don't know.
	The game's going to keep changing and changing and changing and changing.
	They'll say one thing, do another thing.
	They'll say some things and do those things.
	Yeah, yeah.
	Let me ask you then about the Ukraine stuff.
	Because, you know, it's the...
	He came out, and Pete Hegseth had a very clear statement.
	Somebody had written up for him.
	He's not making this up.
	You know, he's somebody who reads a teleprompter, and he's got a script in front of him.
	And he says, you know, we're going to have peace, and it's going to be patrolled not by U.S. troops, and there's not going to be any NATO membership for Ukraine, and on and on.
	And then Trump kind of seconds that.
	And then all of the EU has a fit.
	As a matter of fact, one of the headlines that I saw from Rachel Marsden on RT said, Trump hits the ejector seat and the EU is left screaming in the backseat.
	That's kind of what is happening.
	So they're screaming in the backseat, you know, because he was driving.
	They weren't driving.
	The U.S. was driving, I should say.
	And so they're screaming in the backseat.
	And then they kind of pull this thing back.
	And they said, well, no, Pete Hegseth spoke too soon.
	And so Pete Hegseth comes back and says, yeah, you know.
	Somebody wrote that up for him.
	That was their policy.
	And they modified that.
	So what do you think is going to happen?
	I agree that we would not have had the Russian war.
	If it had been Trump in the second term, I said when he was running for re-election in 2020, I said, if Trump wins, if Biden wins, it's going to be war with Russia.
	If Trump wins, we'll have some kind of a war, maybe trade war, maybe more with China.
	And so I always felt it was going to go that way.
	And now I believe that he wants to try to normalize that thing.
	Will he stick to it?
	What do you think is going to happen with that?
	I think he will.
	I really do.
	And you ask what's happening.
	Denmark's arm spending rises 70%.
	Denmark?
	How many people live there?
	You're putting all these countries, putting money?
	So they were spending a million dollars last year, now they're going to spend 1.7, right?
	Yeah, I mean, you're close to it.
	Five billion, five billion in the annual defense budget is going to go up to seven billion.
	You're wasting this damn money.
	Oh, you're going to fight Russia?
	The mouse that roared, right?
	Or the mouth that roared.
	Yeah.
	I mean, so this is a stupidity.
	Again, look at the jerks running the world.
	I mean, you like that little Katson Macron, you know, that little jerk over there or nothing.
	That little Starmer clown over there in the UK. That before him, Boris Johnson, that the best cartoonist in the world could not come up with a freaky...
	Yeah.
	So, you know, it's...
	And by the way, when people say about me not being...
	I'm angry.
	He, who is not angry...
	When there is just cause for anger is immoral.
	Why?
	Because anger looks to the good of justice.
	And if you can live amid injustice without anger, you are immoral as well as unjust.
	And that's according to Thomas Aquinas.
	I agree with that.
	I agree 100%.
	And again, I'm from a different generation in a different place.
	I'm born in 1946 in the Bronx.
	You're free to be.
	Don't tell me who to be.
	I won't tell you.
	Don't tell me.
	And don't tell me what to do.
	You got it?
	Oh, how dare you say that, Salenti?
	When your politician tells you something to do, you do it.
	Now, you put on that mask, stand six feet apart.
	The wind blows exactly in straight lines and succeed.
	Remember that?
	Oh, yeah.
	Yeah.
	And when you go to a restaurant, you better wear that mask, as you well know, because you got thrown out.
	But when you sit down, you can take that mask off, and you can eat without that mask on, because COVID knows when you're eating and drinking, and it's not going to bother you.
	I'm the politician.
	I'll tell you what to do.
	Yeah.
	Oh, it was crazy.
	And that's the other thing, by the way.
	I want to make this really clear.
	The damage that this COVID war has done is incalculable.
	Economically, physically, mentally, and spiritually.
	The damage that it has caused, we're going to see there's a global economic crisis at our doorstep.
	I agree.
	I agree.
	And, of course, that was all...
	Run out by Trump, and nobody wants to remember any of that stuff.
	That's why I look at every one of these things.
	He's done a lot of things that I said, you know, I would love to see them stop paying foreign citizens who come here illegally on welfare.
	You know, I said it's a big welfare magnet.
	So no matter what you do, if you don't stop that welfare magnet.
	So he's talking about doing some of this stuff.
	But the devil is going to be in the details of all this stuff, whether you're talking about the IRS or how the tax system is going to be changed or anything.
	The constant that is here is what you're talking about, the wild card, not knowing what he's going to do, the chaos that's going to be happening with rapid changes.
	And then my big concern, as you pointed out on the magazine cover this week, my big concern is Elon Musk.
	What is this guy up to?
	And I think that he's in the midst of creating a massive army of sycophants around him, just like Donald Trump did.
	He saw how Donald Trump played these people, and he's doing it in an even bigger way.
	And I'm very concerned.
	And how is he setting himself up?
	For more and more power.
	Everybody's worshipping him over Twitter as if he saved free speech.
	And you don't have free speech on Twitter.
	But, you know, this is the way he's playing the crowd that follows Trump.
	And they just idolize somebody if they're a billionaire.
	They think they know everything.
	It's amazing.
	I know.
	That's what I said.
	I said, if you're not a billionaire, shut your mouth.
	You have no right to talk to the president or to do anything.
	Yeah.
	And again, you know, this must crap, look at all the money he's making from the government.
	Yeah, somebody had, some of his critics have said, well, hey, you want to save a lot of money?
	Audit yourself.
	Yeah.
	The biggest crony capitalist of them all.
	Yeah.
	Yeah.
	That's amazing.
	You know, by the way, when I talk about COVID and the damage, and we've been writing about this for years.
	It's five years.
	Now, here, this is from yesterday's Financial Times.
	Indonesia hampered by shrinking middle class.
	And they go on to say, economists said a decline had been triggered by a lack of formal employment.
	A shortage of investment in high-income industries and pressures that have been exacerbated by the COVID-19 pandemic.
	No, no.
	Not pressures that have been exacerbated by the COVID-19 pandemic, by the politicians that closed down the countries around the world to fight the COVID war.
	That was their language, calling it a war.
	That's right.
	That's right.
	And then you go back to Trump.
	He bragged about the Operation Warp Speed gene therapy inoculation.
	He gave us, as you well know, we talked about this many times.
	It was, what, March 13th, Black Friday, 2020, when he called a state of emergency.
	And you go back when the presidential race to the White House, Biden and Kamala Harris made fun.
	Of the vaccination saying that Trump pushed this through fast so he could get elected.
	And then when they came in, they pushed it even harder.
	That's right.
	I mean, it's a clown show, freak show, and the freaks are running the show.
	Well, it's professional wrestling and it's a tag team that they're doing it.
	I called it the GCI, the genetic code injection.
	And what do we see Trump do on like his second day in office?
	He brings in Larry Ellison and they talk about how they're going to have AI custom make an mRNA injection to cure you of cancer.
	It's like, come on.
	And then you've got, you know, the insanity that we had in 2020 with all the masks and the social distancing and all the rest of this stuff.
	That is no more crazy, I should say, than the bird flu nonsense that's happening now.
	And you talked about how, well, COVID did this and COVID did that.
	All of these press releases saying, yeah, we don't have any eggs on the shelves, and the ones that we got are twice as expensive as the ones in Mexico, and maybe twice as expensive as we were a couple of years ago, but it's the bird flu that did it to us.
	No, it's the USDA that's killing all the birds, and it makes absolutely no sense either.
	Even if you follow their paradigm to go out and kill all the healthy birds on a farm, when you get one PCR test of a bird, that's beyond insane, and yet the Trump administration is going to go down this path immediately as this A woman, Brooke Rollins, gets appointed at the USDA. She immediately says, well, we're going to approve a vaccine, and I can do that through the USDA. So she's the agricultural secretary.
	So they approve a vaccine for all the animals, and they're going to do this for all the animals.
	They're going to vaccinate us through our food because they can't get it in our arms anymore.
	What do you think about that?
	What do you think about this bird flu thing?
	To me, that seems like that's where they're going.
	They're going for vaccines for every cow, chicken, duck, and pig that you can find, and they can do that to them every year.
	I mean, it's a big profit center.
	I don't know.
	Again, it's a freak show.
	You were talking before we went on air about gold.
	As you all know, 2024, one of our top trends was It would be a golden year for gold.
	Gold prices went up last year 25%.
	As we're speaking, gold prices went up nearly 12% already this year.
	Now, I'm going to be saying something here that very few people know about, care about, or understand.
	But it's very important because we can see gold prices, which are now around And on the air was about $2,929 an ounce.
	It was up to $2,955 a couple of days ago.
	It went down a bit.
	I was a kid, like 17, 18 years old.
	And my father one day said to me, you know, he said, I remember when I was dating your mother.
	My parents got married, may they rest in peace, in 1934. He said, I go over to your grandfather's house, and your grandfather's wrapping up all the gold coins he had.
	I said to him, Pop, I said, what are you doing there?
	So my grandfather told my father, he said, the President of the United States wants our gold money, and we have to help America.
	This is the Great Depression going on.
	I wrote in one of my books, But Zidzi gave Honey Boy.
	True story about love, wisdom, and the soul of America.
	Here it is.
	This one, of everything I've written, is my favorite.
	But my grandfather was so proud to have come from Italy that he used to be the first person online on voting day.
	So he turns in all the gold.
	My father said he started cursing at him.
	My father said, don't turn it in.
	What are you, crazy?
	He said, don't give it to them.
	And he said, your grandfather started cursing at me like crazy.
	That's all he told me.
	And I never forgot that.
	Now, this is very important.
	When my grandfather turned the gold in in 1933, they gave them Back $20.67 an ounce for each ounce of gold.
	A year later, they passed the Gold Reserve Act of 1934, and what did they do?
	They raised the price of gold to $35 an ounce.
	In other words, they increased it 70% after they stole it from the people.
	Now, Musk and Trump are talking about, let's go into Fort Knox and see if the gold is there.
	And then it got that other arrogant little piece of scum, that minutiae that used to be what?
	Was he the Treasury Secretary or something under Trump the last time around?
	He said, I went into the Fort Knox, and it was all there.
	This is a Mnuchin who had a company, I forgot what it was, out in California that when the people lost all their homes, he made sure they really got everything, they could screw them out of everything.
	Oh, that Mnuchin.
	Yeah.
	The guy who, when they gave him the $1,000 STEMI check, and they said, well, we need to do another round of that.
	He goes, oh, they don't need that yet.
	Lock everybody down.
	Yeah, that guy.
	I know Steve Mnuchin.
	Yeah.
	So he said, I saw the gold.
	And I said, how come I can't see the gold?
	I'm an American citizen.
	Show me the gold.
	Shut the hell up, Salente.
	You have no rights.
	You're not a billionaire.
	You're a nobody.
	So anyway, going back to this gold, here's what I think might happen.
	If the gold is there, they're going to say, we got all this gold, and now we're going to pass...
	The Global Reserve Act of 2025 and raised the price of gold 70% so that we could cover our deficit that we'll never be able to pay off.
	But if we raise the price of gold, now we've got all this dough and we could cover our big...
	Do they have an official price of gold, I think, now?
	I still think it's at $35 an ounce.
	It's still at $35?
	That's the official price at $35 now?
	Yeah.
	Wow.
	Yeah, that's amazing.
	Well, you know, the other part of it is, is that before all this talk about auditing the gold at Fort Knox and things like that, There was already a lot of massive movement of gold coming back into New York, so much so that the London Metal Exchange couldn't keep up with it.
	And so the question is, what is all that about?
	What do you think that's about?
	I know what it's about.
	I'm telling you.
	You think that's what they're going to do?
	It's about...
	The people in the business know that things are rough out there.
	The markets were artificially propped up with the trillions of dollars when the COVID war came.
	Everything should have crashed.
	They pumped in countless trillions of dollars on money backed by nothing and printed on nothing.
	All around the world.
	Inflation skyrocketed.
	They artificially propped all this up.
	Now let's go back to only about a little over three weeks ago.
	What was DeepSeek?
	Oh, this company from China that came up with AI that cost a fraction of what the other ones cost, $100 million for them, only $6 million for DeepSeek.
	Oh, we don't need all those big NVIDIA chips.
	We could do it with smaller chips.
	Oh, we don't need all these power plants either.
	No, no, we don't need any of that.
	Out of the news, there's going to be a dot-com bust.
	And that's one of our trend forecasts.
	A dot-com bust 2.0.
	I think I have a magazine here somewhere.
	I had it here.
	Here it is.
	Nope, that's not it.
	I had forecast the dot-com bust back in...
	Here it is.
	When the magazine used to be a quarterly, now it's a weekly.
	The $2.56 a week.
	I just renewed the Wall Street Journal.
	Over $700 a year?
	Wow.
	Yeah.
	Over $700.
	And this is only $2.56, and if you use the night, you get 10% off.
	Anyway,.com this.
	In the fall of 1999,.com overload will short-circuit many high expectations for huge profits in internet commerce, entertainment, and a wide array of.com services.
	Following the holiday season, many of today's life-flying internet stocks, the hottest IPOs, and newly emerging IPO wannabes will have begun their deep descent from their overvalued heights.
	And we said it would crash by the second quarter of 2000. It crashed in March of 2000. And the Nasdaq went down 80%.
	The same thing is right in front of everybody's eyes.
	They've over-invested in all of these new IPOs, everybody, based on the foundation of NVIDIA. So, trends are born, they grow, they mature, reach old age and die.
	The AI trend has just been born.
	2022. So, let's go into automobiles.
	When did they invent it?
	1886. I'm going to invest every penny in the 1886 model.
	It's going to stay like that and never advance.
	That's what they've done with AI. They've over-speculated trillions of dollars into this sector.
	It's totally out of the news now.
	Totally out of the news.
	And look at the bank stocks going down.
	Yes, they went down 5%.
	A couple of banks.
	Nobody's talking about the office building bust.
	Because now, five years later, these leases aren't being renewed from people who used to have 10 stories, now only have three.
	They can't pay.
	There's going to be a banking bust, there's going to be an office building bust, and there's going to be a dot-com bust.
	And that's why gold prices are going up.
	Yes, I agree.
	I agree.
	And as you point out, as everybody started the quantitative easing and printing money and doing all the rest of the stuff, the debt-to-GDP ratio of all the countries that were doing that kind of stuff just soared.
	They're all underwater.
	Everybody's underwater with this stuff.
	So there's going to be a big, big reset that's going to go on with this.
	And of course, the question is going to be, what is that going to do to individuals?
	And how do we guard against this?
	Is there anything we can do?
	We are extremely bullish on gold.
	Extremely bullish.
	And we're bullish on Bitcoin because of Trump's crypto club in there.
	Where they give them almost $300 million.
	Did you see that they're trying to, the opposition party's trying to run impeachment against Javier Malay because he did a pump and dump there like Trump did?
	And it turns out that the same company that was running his rug pull No, it's not going to do anything.
	By the way, this is very important, too.
	As you well know, I began my career working on major political campaigns in Westchester County back in the 1970s, the richest county in America.
	And I was the assistant to the Secretary of the New York State Senate, and I designed and instructed a course called American Politics and Campaign Technology, how to run political campaigns, and I taught it at St. John's University.
	I know a thing or two about this game.
	David, never before in my life has there been a better time for a new third party than now.
	Never.
	Because the Democrats are going nowhere.
	Nowhere, know how.
	It's a clown show.
	Who are you going to go for?
	Chuckie Schumer?
	No Adam shit?
	No, Elizabeth.
	One little joke.
	Bernie Sanders.
	Well, they got David Hogg in the number two position there now.
	At the DNC. You got nobody.
	I know.
	They got nobody.
	Oh, by the way, this is the guy that killed the Democratic Party and made it into the slime party it is today.
	This is a t-shirt that I did in 1992 when Clinton was running for office.
	Yeah, slick willy.
	That's right.
	So he killed the Democratic Party.
	They bragged that it became a different party.
	The Democratic Party no longer represented the people.
	He gave us NAFTA, brought China to the World Trade Organization, on and on.
	Never a better time.
	Oh, and before I forget, bringing China into the World Trade Organization and going back to AI and how China is going to be the world leader in high tech because of Bill Clinton.
	Again, tracking trends is the understanding of where we are, how we got here, and where we're going.
	And I'm going to tell you why.
	China's going to lead the march and why they're ahead now.
	Go back, before Bill Clinton brought China into the World Trade Organization, go back to 2000, 10% of 18-year-olds in China went to college.
	10%.
	Brought them into the World Trade Organization, all the manufacturers from the United, not all of them, a lot of them from the United States, and Europe went into China, gave them our high-tech, heavy industry, taught them everything they needed.
	China became this big industrialized.
	Nation, now, you ready?
	Two-thirds of 18-year-olds are going to college.
	From 10% to two-thirds.
	And they're not doing women's studies either, are they?
	No.
	And it's a whole high-tech world.
	These kids are totally devoted to this high-tech AI world.
	They are going to be the advanced nation in AI technology.
	And that brings me back again to why we're saying there's going to be a dot-com bust in the United States, and it's going to crash the equity markets.
	And when the equity markets go down, Trump will do everything to bring down interest rates, to artificially again prop up the economy like he's done before.
	And the facts, 2018, the Dow had its worst December since the Great Depression.
	What did Trump do?
	He forced Powell to lower interest rates, which he did.
	We talked about this in January 2019. He'll do the same thing.
	The lower interest rates go, the deeper the dollar falls.
	The deeper the dollar falls, the higher gold prices go up.
	Again, you've got to make connections between the different fields.
	Let me ask you this.
	Along that line, I just had a question from a listener.
	DG8 says, David, can you ask, Gerald, if Trump's stance on seizing Gaza will drive Saudi Arabia closer to bricks and weaken or destroy the petrodollar?
	What do you think?
	No, the Saudis are all bored off.
	All the Arab nations are.
	Look at the Saudis gave, what, $2 billion to Trump's son-in-law, Jared Kushner, to start up his BS business?
	Look at all the Trump buildings going on in the Middle East.
	It's all about money.
	The Arabs aren't for the Palestinians.
	If they were, they would have put it in embargo like they did back in 1973. They don't care about the Palestinians.
	They only care about the bottom line.
	Yeah, they got a lot of empty land there in Saudi Arabia that they could bring them in if they wanted to, but they don't want to bring in any Palestinians either when it comes in there.
	Yeah, they may publicly push back on it, but I agree with you.
	I think privately, they're there with Jared Kushner, and they're being, you know, they sold out just like our government is sold out.
	Abraham from Tennessee says, Love, Gerald Slenty.
	Everyone should subscribe to Trends Journal.
	That's right, and you can get 10% off if you use the code NIGHT. Go to TrendsJournal.com.
	Thank you, Abraham.
	Appreciate it.
	Three Little Birds says, Slenty is somehow always a couple of steps ahead.
	As long as I've known you, yeah, you have been a couple of steps ahead, that's for sure.
	And I don't think you're going to slow down even with a broken ankle.
	David, can you ask him what his book was that he showed, and can we still get it?
	Oh, yeah.
	He showed us three books.
	Yeah.
	This book, Since He Gave Honey Boy, a true story about love, wisdom, and the soul of America.
	Of everything I've written, this is my favorite.
	And it was about what life used to be, you know, growing up in the Bronx and how...
	It was the height of America.
	And it was a different America.
	My uncles had fish stores and butcher shops.
	They're gone.
	Now the bigs own everything.
	And by the way, there used to be a TV show, Everyone Loves Raymond.
	And the woman, Doris Roberts, who played the mother, her last starring role is playing my Aunt Zidzi.
	You can get it on YouTube, but Doris Roberts died 15 minutes into the movie.
	So if you go to Trends Journal, and you look at about, you know, the things on the top, and you can get the book down there.
	This is my favorite.
	She died making the movie.
	Did they finish the movie, or was somebody else?
	No, they just stopped it.
	You can get it on YouTube.
	And what happened was, unfortunately, the book came out.
	Like a week before 9-11.
	Oh, yeah, yeah.
	And my other ones were bestsellers, so this one didn't make it big, but of everything I've written.
	You know, as a kid growing up, there was never a word talked about politics when I was a kid, my aunts and uncles.
	Never.
	It was about the human spirit being the best you can, doing the best you can, and it just breaks my heart.
	Again, when I was a kid, There were grocery stores, hardware stores, drug stores, shoe stores, stationary stores, and now they're all chains.
	Oh, look at the big news yesterday.
	Walmart expects sales to go down from the...
	Walmart?
	Oh, brought you by?
	Yeah.
	Yeah.
	Oh, I agree.
	Well, he Clinton from Arkansas.
	Well, you know, that's one of the things, Gerald, that really stuck in my craw with all this lockdown stuff, the essential and non-essential businesses, as Trump called it, because we had had that same – you mentioned Walmart.
	We had little mom-and-pop video stores, Karen and I did.
	And we had had a storm come through, lost power everywhere.
	It's the only time we ever closed our stores.
	And we were out of power for like two or three days.
	And finally, one of the stores got power back.
	We went in and the two of us were running it.
	And then the cops came in to shut us down.
	And I said, Walmart across the street is open.
	Well, that's fine.
	It's okay for Walmart.
	You can't be open.
	And that was what came back to me when Trump did that non-essential stuff.
	It's like, yeah, you know, that made me furious.
	It still makes me angry when I see it.
	But that's the kind of world that we live in.
	I began the program today with a comment from Oliver Anthony, the guy who got a lot of plays on YouTube and Spotify and everything, with the Richmond, north of Richmond.
	And what he was saying was, we're the last generation that knows life without artificial intelligence.
	And his concern was, you know, you talk about how things have changed from communities and families and small businesses and everything.
	Now the generations are getting so isolated from each other and so connected to this digital artificial society.
	He said it really concerns him to think about what is going to happen even in his lifetime, you know?
	You know, I don't own a cell phone.
	I have an old flip phone.
	And I only use it when I travel, which I don't do that much anymore.
	Maybe this year I maybe made 30 or 40 calls the whole year on the flip phone.
	And I did work for the cellular telecommunications industry going back to the 1990s when they had boxes in the backs of trunks with aerials.
	And I've been studying the radio frequency radiation from these since then.
	And I know how deadly they are.
	The facts are all there.
	And now, you know, I like to go out.
	I'm a nighttime guy, you know?
	Every time I go to a bar, people are on their cell phones.
	Somebody's talking to each other.
	I know, I know.
	People walk down the street.
	So here's an article that came out from Study Finds two days ago.
	This is one change to your phone can reverse age-related cognitive issues by 10 years.
	Keeping your phone's internet off could boost your well-being, focus, sleep productivity, impulsivity, and more.
	Blocking mobile internet for two weeks led to mental health improvements with an effect size larger than typically seen in antidepressant studies.
	It goes on.
	Wow.
	Wow.
	Again, people...
	Mental fog.
	Yeah.
	Exactly.
	And the young generation, this is their life.
	And the AI, again, trends are born, they grow, mature, reach old age and die.
	The AI trend has just been born.
	It's the future.
	As I said, they got it wrong in the King James Bible when they said the meek shall inherit the earth.
	The geeks have inherited the earth.
	Look at that picture of Trump's inauguration.
	That little clown peach eye, musk.
	Zuckerberg!
	One little freak after another, and you look at it.
	Here they are at the inauguration, and there's Musk and Peachy on their phone.
	Nobody's talking to anybody.
	This is the future.
	It's finished.
	Unless we have a renaissance.
	Well, you know, that's interesting.
	One of the things that Oliver Anthony said he was going to do was try to restore rural America one town at a time.
	And he's starting a foundation because he made a lot of money from that one song that he had.
	And so, you know, he's focused on building things from the grassroots up and trying to get communities together, you know, trying to restore that.
	You know, it's a good goal.
	I think that that's going to work for a few people, but I think it's not going to be the majority of people.
	But we can do that ourselves.
	You know, that's the thing.
	Each and every one of us.
	Here's the deal.
	We talked about in the beginning how the billionaires are in charge of everything.
	We need a renaissance.
	The renaissance followed the Black Plague.
	Sixty percent of Europe was wiped out because of the filthy sanitation.
	They were killing themselves.
	They said in Italy, at the beginning of the renaissance, in the manner of the Romans and the ancients to describe the quality of the work that they were developing.
	The bringing back the beauty of the past in the most elegant way.
	How did it happen?
	With the Medici's, you need the money.
	You can't do it without the money.
	These billionaires don't give a penny for peace.
	They don't give a penny for the Renaissance.
	If a billionaire, like you take a little clown boy like Musk, what is he worth, like $400 billion?
	Hey, you got some.
	How about $10 billion for...
	A renaissance.
	It's nothing.
	Nothing.
	Out of your $400 billion.
	Screw you.
	Get the hell out of here.
	What do I care?
	Look at the way I dress.
	Look at how I got my stupid hat on.
	All right?
	We need the money.
	You can't do it without money.
	You can't run for office without money.
	You can't have a new political party without money.
	As we say in the Bronx, money talks, bullshit walks.
	Yeah, that's the way it is in those worlds.
	And I still think that...
	We're going to pull things back one person at a time, one family at a time.
	And I think the people that are focused on this money stuff exclusively, I think that's going to be something that is...
	If somebody's going to look at their future as hitching a ride on a corporation, they're going to find that they're the ones that are going to be cut off.
	I think it's going to be the people who have real relationships with their family, just as you talked about growing up.
	That's what Bill's character...
	That's what builds strength and I think the people that have that are the ones that are going to persevere, that are going to be able to go through the hard times.
	No question.
	And that's something that we can all do.
	You know, I mean, there's not a lot of, you know, it's just a sense of hopelessness if we're going to look for some savior like Trump or something.
	You know, that's the problem with most of America right now.
	It's a problem with the conservatives.
	It's been a problem for a long time with the liberals.
	They're always looking for a savior.
	They're always looking for a solution from the federal government.
	And now that's what's happening with the conservatives.
	It's absolutely amazing.
	I saw this hero worship with Obama, and now I'm seeing it with Trump.
	That's what's taking us down the drain, I think.
	Oh, this is going to be the wildest four years of our lifetime.
	Oh, I agree.
	Look what we're talking about in just a month.
	He's only in a month.
	Look what he's done in a month.
	Sign more executive orders than any other president.
	That's right.
	That's right.
	And when you look at what...
	Okay, just yesterday I was talking about the situation with...
	The fact that he is saying we're not going to have boys on...
	Girls teams, okay?
	California and Maine do it anyway.
	And now you've got the conservatives saying, well, he needs to stop that.
	It's like, well, no, we have a federal system.
	I don't agree with it, but he doesn't have the authority to do anything about that.
	What he can do is he can bribe them, or he can pull money away from them to get them to do what he wants, and that's what people didn't understand about 2020, how Trump was pulling the strings.
	Trump understands that.
	He's talked about pulling money away to get them to do what he wants to do, and Obama has done the same thing.
	But you've We have the conservatives out there saying, well, Trump needs to fix this.
	And it's like, fix it yourself.
	Get out of that school if you don't like what they're doing, right?
	You know, take some responsibility for your life.
	Nobody wants to do that anymore.
	Again, as I said, some things I agree with him, some things I don't.
	But I've got to tell you, with the Ukraine war, he's done more positive than...
	If we got that other clown back, Camilla Hilarious in there...
	It would have been worse.
	They would have been taking more of our rights away from us in different ways and stealing more of our money to give it to them in a different way.
	So there are some positive things about Trump, and there was nothing positive about Biden.
	And again, totally opposed to Trump in his Gaza stance, totally opposed to all the billionaires in control of everything.
	And again...
	Get rid of all these government agencies.
	And that's the other important thing.
	It's not only the federal government.
	It's your city and your state that's doing the same thing.
	Oh, I agree.
	Yeah, when you look at Western North Carolina, you know, it's local people that made it worse.
	And we saw this all throughout 2020. It could be much worse or it could be much better depending on what your local government is.
	And that's why I told people, I said, pay attention to that because they can make it better or worse.
	And we just had a study come out talking about how the block grants, somebody went through and quantified it, says, well, that increases corruption by 28% if you give a block grant from the federal government.
	Of course it does.
	Because it's the money, right?
	And these people, they see a massive pile of money there, and most people are not going to be able to withstand the temptation to grab it, you know?
	That's where the corruption begins, right there.
	And so you've got all this unlimited amount of money that's coming out of Washington because it just created out of thin air and pushing that in, yeah.
	I mean, look at the tax breaks they give to them.
	Hey, I'm going to build an apartment over here.
	Oh, we'll give you a tax break.
	Yeah.
	Who the hell are you to get a tax break?
	Oh, yeah, I got money.
	And by the way, before I forget, another big trend that you're going to see, we're talking about the billionaires and how the people are going to be against us, a lot of people, off with their heads 2.0.
	And that's how you can have a revolution without the money behind it.
	Because a lot of people are very angry about how the rich get a free ride and they keep stealing our money.
	What did that Buffett say one time?
	That he pays less taxes?
	Percentage-wise than his secretary?
	Yeah, yeah, yeah.
	Oh, you know that I used to rent one of my buildings, the 1763 Dr. Jensen House, to his son, Peter Buffett.
	And Peter Buffett never gave me, for about 10 years, never gave me a penny for the Occupy Peace rallies that we had.
	Not a penny.
	Another daddy's boy.
	Another daddy's boy.
	He wouldn't even say hello to me.
	I'm just a little wop.
	I'm the landlord.
	Well, I got a couple of comments here.
	Nate Lovin says, tell Gerald thank you for his perspective on AI. I love the car correlation to AI. Naburo2029 says, Gerald is correct with his economic perceptions, but also he's stated many times when all else fails, they take us to war.
	So, again, you know, there may be peace in Ukraine, but is there going to be war somewhere else?
	Iran.
	Yeah, Rubio is pushing that really hard, and that's what I saw yesterday.
	Yeah.
	They rebrand it and pivot, you know?
	So even if they take off the Trump shot, the COVID injection, because nobody's getting it, they'll pivot to some more mRNA injections somewhere else.
	When they shut down the Ukraine war, they pivot to an Iran war, right?
	It's in this week's Trends Journal.
	Week after week, we've been writing about ramping up the Iran war.
	I remember it was Trump that took us off the nuclear deal with Iran and assassinated Soleimani, the Iranian commander.
	That's right.
	That's right.
	Yeah, if he's going to do that, you know, that's the way these things operate.
	And, you know, just as you see Mark Levin having a hissy fit about Trump moving towards peace in Ukraine, right?
	His history doesn't include the coup in 2014.
	And nobody's history includes the Iranian coup back in the 1950s.
	That's really, if you want to know how we got to that point, it's the CIA and the U.S. government, the military-industrial complex.
	It gets us into all these situations, always blowing back on us like this, right?
	When I wrote the book, Trend tracking, far better than megatrends, Time magazine.
	That's how it became a trend forecaster with the Iranian war.
	When it began and when they had their revolution back in the late 1970s.
	And little Jimmy Carter, who gave us Mujahideen with Brzezinski, that guy that's al-Qaeda today, yeah, that clown.
	He comes back from visiting the Shah and his wife in New Year's and said the Shah is the island of stability in the Middle East.
	He was a real astute observer, wasn't he?
	Yeah.
	That's when I became a trend forecaster and a political atheist.
	And I said, as everybody was taught to hate Iran, they had no idea, as you just mentioned, the CIA and the MI6 overthrow of Mosaddegh in 1953, the Iranian president, because he had the nerve, the gall, to say...
	...
	people, not Anglo-Iranian oil, better known today as BP, or Standard Oil, better known today as ExxonMobil, and that arrogant piece of scum that he rot in hell, Winston Churchill, and Kermit Roosevelt, Theodore Roosevelt's grandson. - Yeah.
	Oh, yeah.
	The history that we're taught is we don't know where these countries are, and yet we want to go to war with them.
	We don't know where the history is, and yet we want to have another war with them.
	Always great talking to you, Gerald.
	Thank you so much.
	And, folks, again, TrendsJournal.com.
	Use the code NIGHT to save 10% off.
	That's right, boys and girls.
	There's a post-election sale on silver and gold.
	Trump euphoria has caused a dip in silver and gold.
	It's time to buy some medals with fiat dollars before they come to their sense is.
	Go to davidknight.gold to get in touch with the wise wolf himself, Tony Arterburn.

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