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Dec. 12, 2025 - The David Knight Show
01:02:40
AI: Dot Com Bust 2.0
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Time Text
All right, joining us now is Gerald Celinti of TrendsJournal.com.
And if you use the code NIGHTE, you can save 10% off, and it's just a couple of dollars a week for a great deal of research.
I mean, hundreds of pages in an online magazine.
It's a wonderful format, and he doesn't have fluff in it at all.
So it is very important, and there's a lot.
It's very important right now to really understand the times that we're in.
Things are changing extremely rapidly.
And Gerald has always had his ear to the ground and his eyes on the horizon, and he understands what's coming.
Find some great takes there at Trends Journal.
So joining us now is Gerald Celinti.
Thank you for coming on, Gerald.
Appreciate it.
Thank you for all you do.
And thanks for having me on.
Well, thank you.
I've been talking this program about the future of AI.
And a lot of people said, well, there's a couple of different options, the way this could go.
We could have this bubble where they get out ahead of everything.
That could crash like dot-com.
And I thought for the longest time that was going to happen.
They said the other possibility is that it actually works as promised, and it takes everybody's jobs.
So we could go into a depression just like that.
Instantly, as MIT is saying, well, we think that it could take 12.5% of the jobs right now.
Well, you're talking about depression-level unemployment instantaneously imposed if they do something like that.
Whether or not it works.
I mean, they could still fire everybody.
And then if it doesn't work, we're in an even deeper doo-doo, right?
Because they fired everybody and now the new machine doesn't work.
But those are the two possibilities I saw somebody talking about.
I said, yeah, but there's a third one.
And that is that the Trump administration is so hell-bent on getting this, they now see this as an existential threat to their power and to their military hegemony.
And I think they're going to pour everything into this.
I mean, they're talking about it being like another Manhattan Project or the Apollo Space Program.
And they're also trying to shut down any opposition at state or local government, which I think is about the impact of these data centers on the power grid or on the people who live around them that be pushed back against that.
So they want to shut that down.
And yet I was talking earlier about how we just don't have the capacity to build the kind of data centers that they need for all this stuff.
So, you know, there's a big question as to what's going to happen.
It takes about eight years for these things to roll out.
They need 17 of them.
There's currently zero in progress being built in terms of nuclear reactors, whereas China is right now has 29 nuclear reactors, nuclear power plants, and under construction.
And they're adding multiple coal power plants all the time as we're shutting ours down.
So what do you see happening with all these different things coming together?
There's going to be an AI bust.
First of all, AI is the future.
Love it, hate it.
Again, as trend forecasts, it's not what you like, what you want, what you wish for.
It's what is.
And it's going to take over.
And it's already doing it.
And trends are born, they grow, they mature, reach old age, and die.
You and I are old enough to remember when the internet revolution began.
Think about it when it was just born.
And when it just became popular, like in the early 90s.
You couldn't be doing what we're doing right now.
Remember, you'd watch like a movie or something on the screen, and the people would move like this.
Right?
So.
Yeah, I was using that when we were just doing text.
All you could do was text, send it back.
And that was even slow, right?
I remember the early days of DARPANET and ARPANET and things like that, yeah.
And you had the discount to put in there and everything else.
So AI has just been born.
It's an infant.
It was born only in 2022 to the general public.
You don't invest all your money in the infancy.
Yep.
So now let's go.
We have forecast there's going to be a dot-com bust.
And this is very important.
Some 50% of our GDP this year has been boosted by all this money being spent in AI.
50%.
Okay.
Now, once upon a time, as you know, a guy that you really like and look up to, so I don't want to be disrespectful.
There he is.
Yeah.
I did this t-shirt back in 1992.
Of course, I know you can't stand him for all the crap he's done.
I was being facetious.
But anyway, he brought China into the World Trade Organization.
Now, this is all about AI.
Before China came into the World Trade Organization, I mentioned this to you before: some 10% of Chinese 18-year-olds went to college.
Now, nearly 70%.
Young people are totally AI high-tech addicted.
They're going to college not to take courses in transgender studies or art history or other stupid, worthless crap.
They're very much involved in AI.
So, again, in your magazine, The Trends Journal, this is an article that came out on Financial Times.
China plans limited access to NVIDIA's H-200 chips despite Trump approval.
Beijing signals official push to buy domestic AI processors one after another.
Investors flock to Chinese AI.
The Chinese are going to take over the AI world.
You don't have to be good at math to figure this out.
What do they got?
1.4 billion people?
What do we have?
About 340-plus million?
And they're investing very, again, we write it in the magazine every week.
They're investing very, very heavily in AI.
And they're investing in power to make the AI work.
You know, they're building data centers here, but they don't have the power to run the data centers.
And they have been given, I've said many times, when you look at the Chinese price, right?
Things like intellectual property theft, currency manipulation, slave labor, all these different things.
Now they've added, since the Paris Climate Accord and things like that, they've added their giving them a monopoly on cheap energy.
That's going to be one of the most important things because all manufacturing is very energy intensive, and especially this new AI is very energy-intensive.
So they have set them up to win.
Yep.
And again, there's going to be a dot-com bust, and that's going to crash the markets.
So let me ask you, though.
In terms of the dot-com bust, because a lot of that is about NVIDIA.
And Jensen Huang is always on the phone with Trump.
He says, and I can believe it because Trump is really obsessed with AI.
If things start looking bad, do you think, just like the two big-to-fail banks, are they going to step in and prop that up?
And would that keep it from?
They could prop it up all they want.
They're not going to win.
Oh, I know.
I'm saying, just in terms of stock.
China just told Trump, keep your NVIDIA chips.
We don't need them.
Yeah, that's right.
They're going to advance on this.
The trend has just been born.
You don't invest all your dough in these losing companies.
So even if they put a lot of money in, it's just going to slow down the collapse of the bubble, maybe.
It won't slow it down at all.
Yeah, okay.
No.
China's going to rule on this.
And then going back to the loss of jobs.
Again, we write the data in the magazine.
China is going robotic like crazy.
Yeah.
And so they're going to get rid of all these jobs that people are doing.
Robots are going to replace them.
It's the new world order.
Love it or hate it.
It's what it is.
Again, this is important.
A little boy of nothing.
I'm a guy who grew up in the Bronx, right?
I know New York City.
A little boy of nothing, whether you like him, hate him, want them, dislike, ate the issue.
Mandani, 34 years old, that nobody ever heard of, becomes the mayor of New York City, the largest city in America.
This goes back to AI and losing jobs.
Gen Z was the biggest group that turned out against him, against Cuomo in the primaries.
When they won the election in November, Gen Z and millennials were the biggest turnouts that blew Cuomo out.
Now, as a trend forecaster, you look at the world.
Huh.
What's going on in Nepal?
Madagascar, Morocco, Tanzania.
Oh, just Kenya.
Oh, just what happened in Bulgaria two days ago?
Gen Z is taking to the streets.
They're broke and busted.
They got no future.
This is serious.
Now, what happened with the other elections?
So is this trend then for socialism, because, you know, let's say, well, we want the government to give us, what are they going to push for?
Do you see that yet?
Are they pushing for universal basic AI?
They got nothing.
Yeah.
They have nothing.
They have nothing.
And the billionaires just keep getting richer.
You look at the cover of this week's magazine, the Trends Journal.
It's all about that.
About how the billionaires are.
Oh, here's another China signals official push to buy domestic AI processes.
I mentioned that one to you.
But also going back to AI.
Is college worthwhile?
Two-thirds of Americans say no.
New poll fines.
Okay?
Yeah.
Yeah, I agree.
Yeah.
So yes, they're going to be socialists.
Again, it's not what you want, what you like, what you wish for.
It's what is.
And they got nothing.
They got nothing.
The billionaires own the country.
Yeah, I agree.
And by the way, this isn't capitalism.
It's fascism.
It's the merger of state and corporate powers.
That's the words of a guy by the name of Mussolini.
Yep.
Yep.
That's right.
Well, we also look at the war issue.
And of course, we got Mark Ruda, who did the best that he could to try to destroy food production in one of the most productive countries for food production in the world, the Netherlands, and they kicked him out.
NATO put him in his head, and he said, we're going to have a war that's coming that is going to be like the ones that our grandfathers had.
So these people are pushing into World War III, as you've always said, you know, when everything else fails, they take us to war.
And they see that people are losing it.
What's your take on what's going on with Ukraine?
Of course, Trump has pushed very hard to get them to sue for peace, wants them to give up land.
They said they're not going to give up any land.
They don't want peace.
And you had Zelensky meeting with the leaders of the UK, Germany, and France this week.
What do you think is going to happen?
More of the same?
Yeah, Europe is ramping up the war.
I mean, again, we write the facts.
That little slime ball who's the chancellor over there, Mertz.
Germany's the third largest economy in the world, according to the data, the largest economy in Europe.
In a recession for two years, this year, their GDP may grow by 0.2%, nothing.
They're borrowing a trillion dollars to build their military and our infrastructure so they could hold the tanks.
We got to stop those Russians.
Oh, you're the Germans that killed what?
Over 25 million in Operation Barbarossa in World War I. That's the Russians they got to stop.
Are you like Germany's First World War?
France, that little Gatson Macron with a pecker the size of his pencil, if he has one at all.
They're going to, we got to fight.
We have to build up our military.
Europe is all building up their military.
That's right.
And they're saying we've got to prepare.
Our children are going to die.
And of course, it's not going to be their children.
It'll be your children that are going to die.
Yeah.
Yeah.
So, and again, no, this will be the war when they asked the cat by the name of Einstein that knew a thing or two about the atomic bomb.
Yeah, what kind of weapons will be used to fight the Third World War?
He said, I don't know, but they'll be using sticks and stones to fight the fourth.
All this is a waste of money.
It's not building up their economies.
They're lying right out in front of everybody's eyes.
But of course, the media will not report it.
When economies grow when the products that are manufactured in the country are consumed by the consumers, these products only go to the military-industrial complex.
You're not consuming bombs, planes, and boats.
This is a lot of crap.
So, what's going to happen?
There's going to be a false flag event.
Yeah.
That's going to unite the people to fight Russia.
I agree.
I agree.
And they've done it before.
They do it again.
Again, I've read this a number of times.
Don't want to go into the whole thing.
About we were in the Great Depression, 1941.
The Great Depression.
Franklin Roosevelt seizes all Japanese assets on July 26, 1941, because those dirty Japanese invaded French Indochina.
French Indochina?
What the hell are the French doing?
Cambodia, Laos, and Vietnam, and you're calling them French Indochina.
Oh, you were in Algeria, Morocco was stealing, robbing, pillaging.
The United States, the UK, and Dutch cut off three-quarters of Japanese trade, 88% of their oil, and stole their money.
Can't understand why they bombed Pearl Harbor.
All right.
How about 9-11?
What preceded 9-11?
Oh, the dot-com bust in NASDAQ was down only 80%.
Everybody forgot about it.
And then they had the fake housing boom and the derivative scam.
So the same thing's going to happen.
They're going to ramp this thing up.
And again, Russia is 100% correct as we see it for not wanting to give up the land in the Donbass region that they've taken.
And the reason being is that Ukrainians killed over 15,000 people of Russian descent after they overthrew the democratically elected government of Viktor Yanukovych in 2014.
Yes.
And who overtook him?
Oh, the Azovs, the Nazi Ukraines?
And who's the guy playing the president?
A little boy that used to play the piano with his penis?
Right?
Yeah.
Yeah, it was, you know, he got elected on a campaign of peace in 2019.
They'd already had five years of civil war where they were bombing civilians in Donbass.
And of course, our media doesn't talk about that.
There's just been a bill introduced, and I'm sure it's not going to go anywhere, but Lee and the Senate and Massey in the House put out a bill to get out of NATO.
They call it the NATO Act, and they said NATO, for them, stood for not a trusted organization.
That's a great acronym.
That definitely sums it up.
And Massey recounted what you were just saying.
You know, the promises of the George H.W. Bush administration, James Baker, saying, we're not going to go any further than this.
And they've continued to move and to encroach.
I mean, it has been a gradual process of encroachment.
And of course, if we look at the Ukraine that was called the Ukraine before it became a country, it was part of Russia for 400 years.
And so you could make a lot better case for Putin going into Ukraine than you could for us going into Venezuela.
Us going into Venezuela is kind of like French Indochina.
You know, this is really 21st century colonialism, isn't it?
Yep.
Here.
This is the Trends Journal magazine back in 2014.
See how happy that guy is?
Yeah.
That's the United States overthrow of the democratically elected government of Viktor Yanukovych.
Here's the article written by Dr. Paul Craig Roberts.
Washington is driving the world to the final war.
It goes on to say, Washington concluded that Russia needed to be confronted with or distracted by problems that would lead the Russian government less confident or able to counter Washington's aggression elsewhere.
Ukraine presented the perfect opportunity.
He talks about how Victoria Newland boasted that the United States sent $5 billion to non-governmental organizations to bring democracy to Ukraine.
Now, remember, this is going on.
You see this picture here?
The Socio Olympics.
Yeah.
The Socio Olympics is right before they overthrew the government.
The United States, it's right here, leading up to the Sociolympics, media and government officials warned of looming terror attacks, hotels in disrepair, filth, yellow drinking water, and homophobes everywhere.
They scared the hell out of the American people.
The ratings went way down on TV.
They said, don't go to the Socio Olympics.
Here.
Security expert, it's not if, it's not if, but when for Socio-Olympics terror attack.
Veteran security consultant Bill Rathbourne, Bill Rathcrap, hopes that he's wrong about the upcoming Winter Olympics in Russia, but he has more than a hunch that he's not.
Quote, the security threat is higher than it's ever been in the history of the Olympic Games, Rathbourne warned, quote, in my opinion, it's not a matter of whether there will be some incident.
It's just a matter of how bad it's going to be.
Of course, nothing happened.
Total lies, but they've taught us to hate Russia before they overthrew the government.
That's right.
Nobody talks about this.
Yeah.
Yeah.
That's right.
This has been a very long, steady aggression.
The problem is that things are starting to collapse pretty quickly in Ukraine.
So that means if they're going to do something, they're going to need to do it pretty quickly, right?
So they're forming a time pressure.
You'll bomb a nuclear power plant.
They'll do something.
Well, you have an article about European countries blame Russia for sabotage without providing evidence.
I mean, they're already doing it.
You don't even necessarily need to have an attack.
You can just claim if there was an attack, whether there was one or not.
And if there is an attack, then you can blame it on Russia.
Yep.
You saw that in the magazine.
Yeah.
Yep.
So what is the sabotage that they're claiming without any evidence?
Yep.
Yep.
Yeah, it's going to keep expanding and expanding.
Yeah, as forecast, battlefield conditions worsen for Ukraine.
Ukraine carries, here you go.
This is from the Trends Journal this week.
Ukraine carries out new strikes on Russian chemical plant.
Europeans, as you mentioned, European countries blame Russia for sabotage without proving evidence.
And this Putin says Russia does not want war with Europe, but says such a conflict would be resolved quickly.
Germany cracks piggy bank for war spending as new equipment spending approaches $40 billion in 2025.
Yeah, it seems to me like Trump is trying to pivot away.
It's not that he's a peacemaker.
It's just that he doesn't want to get into a war with Russia.
He wants to get into a war that he can win.
And so it seems to me like that's what's going on as he's not only starting the war with Venezuela, but now he's also threatening Colombia, threatening action in Mexico.
What is your take on that?
And of course, the national security statement that came out was highly critical of Europe.
The press over here is not reporting that, but RT reported it.
And it was very true what he was saying about Europe.
And yet, they only summarize the pejoratives that he has there.
But I kind of wonder if that was for geopolitical consumption or if Trump really believes that.
I don't think that he wants a war with Russia because it'd be difficult to win.
I think he does want a war with Venezuela, Colombia, perhaps even Mexico, because he thinks he could win that.
But it's going to be a quagmire, isn't it?
We haven't won a war since World War II.
That's right.
And we haven't won that one without Russia's help.
They were the first ones to beat the Germans.
I mean, how stupid could anybody be?
That's right.
And again, you think we would have invaded Iraq, Libya, and Syria if their major export was broccoli?
Yeah.
That's why they're going into Venezuela.
And by the way, did you see this one that came out?
Heg Seth in 2016 repeatedly warned of Trump issuing unlawful military orders.
Oh, yeah, yeah.
We played that clip, yeah.
Yeah.
Yeah.
And now this is the arrogant little clown boy that says it's okay to kill people in little boats with no proof of anything.
Yeah.
An arrogant little piece of scum.
Yeah.
A little clown from Fox.
Hey, I'm the Secretary of Defense.
Could we do push-ups?
Yeah, you talk about illegal orders.
As we pointed out, you know, the example of taking somebody prisoner and not executing them is somebody who is shipwrecked.
That's the actual example that they use in the military manuals.
And when I talked about this this week, Gerald, I showed a clip from The Great Escape.
You know, after they capture the prisoners, they drive them into a field and machine gun them, right?
And I said, that's basically what we're talking about here, right?
You're going to ignore all the rules of war.
You're going to, and I think that they, I think they kind of came up with this drug war idea because they didn't want to remind people, they didn't want to call it prohibition.
They didn't want to remind them what a failure alcohol prohibition had been and the fact that we actually had a constitutional amendment for that.
They don't want to have any constitutional amendments for any of this stuff.
They don't want to, this has all been against the rule of law.
And now they're escalating this.
I mean, this takeover of this thinker that's got between one and two million barrels of oil on it.
That is a major heist.
I mean, you know, these people are pirates, aren't they?
Yeah, I mean, why did they take this ship?
Because they're going to send oil to Iran?
Yeah.
But then what do I care?
Take it because they can.
That's why.
I mean, it's just.
I mean, really, that's none of my business as an American.
That's right.
Let Venezuelan and Iran do what the hell they want.
They want to buy whatever they want to each other.
Who are you to say what they should do?
Oh, and this is the other thing.
Again, we wrote about it when it was happening.
Trump tried to overthrow the Maduro government back when he was president in 2019 and 2020.
Go Google it up.
Listen to the State of the Union address when he brought that little clown boy of nothing, Juan Guaido.
He said, this is the real president of Venezuela.
He called Maduro back then a socialist communist.
Well, I could get him a trip to the Oval Office, right?
Like Mom Danny.
You got it.
A socialist communist?
All right, let's go back now.
Had nothing to do about drugs.
It made up this whole drug crap.
These boats are 1,500 miles.
They're little power boats.
They don't come to the United States.
They're 1,500 miles away.
That's a lot of crap.
You don't bomb a boat like this and kill people.
How about the people that were hanging on the side of the boat for 45 minutes they killed?
Yeah.
And they sell the crap that they had armaments and they were going to attack.
Yeah.
Premeditated murder.
Where's the outrage?
Oh, forget the outrage.
I forgot about the slaughter of the Palestinian people.
Who cares about that?
Yeah.
I don't know.
Yeah, it disgusts me to see these MAGA influencers out there, you know, and how do you like Megan Kelly saying, I want them to suffer.
I want them to bleed for a long time, not just kill them right away.
Yeah, it is amazing.
I've got a comment here from Three Little Birds said, I'll make it to your next rally, Gerald.
When is it planned for?
Next peace rally.
And I have to tell you, you know, it's so disappointing.
All these billionaires don't give a penny for peace.
It'll probably be next September, but if we're still here, if they don't kill us by then.
And it's heartbreaking.
Not a penny for peace.
The billionaires are getting richer and richer.
Everybody's getting poorer and poorer.
Not a word about peace.
Not a word about peace.
Nobody in the major media is allowed to be on with the prostitute media if you talk about peace.
Zero.
Zero.
You know, this is an article, by the way.
Is this the one?
No.
Yeah, here we go.
Trump willing to seize more oil tankers off Venezuela coast, White House official says.
Official?
How about an official piece of crap?
Yeah.
Official.
F you.
It's this official crap.
You're not an official.
You're a piece of scum.
And get this in your head, you little clowns.
You're public servants.
You got it?
No, no, Celente.
You're a plantation worker of Slave Landia.
Yeah.
And catch again, the headline.
Trump willing to seize more oil tankers.
Huh?
Yeah, I bet he is.
Trump is going to go seize them?
Hey, fat boy.
Hey, fat boy.
You're going to go seize them.
Oh, you got five draft affirmments in the Vietnam War?
Oh, I got a spur on my ankle.
You got a spur on your brain.
Yeah.
Five draft affirmants.
And look at the war-mongering lying SOB that lied his way into office.
I won't start a war.
I'll stop wars.
Remember all the lies he said about being a peaceman when he was running for president?
Yeah.
One quote after another.
I wonder which one of his sons is going to go down there and fight in the war.
Is it going to be Barron?
Is it going to be Donald Trump Jr.?
No, it's going to be the same thing like Netanyahu with warmonger whose kids hiding Miami.
Yeah.
Yeah, as a matter of fact, Donald Trump Jr. is doing just fine, isn't he?
You point out in Trent's Journal the deal that he made with Vulcan Elements, right?
Yep.
Getting Pentagon money, part of the military industrial complex.
Massive amount of money.
I mean, look, it's no different than what we said about Hunter Biden.
How did he get involved in this Ukrainian oil company when he doesn't know anything about the oil industry?
Well, certainly Donald Trump doesn't.
Trump Jr. doesn't know anything about these companies that are getting the $620 million Pentagon loan and another one has $4 million stake in unusual machines paid off.
And the Pentagon ordered 3,500 drone motors, as you point out.
And this is how he's cashing in.
I've got a couple of questions here for you, Gerald.
On Rumble, DGA, thank you.
He says, David, can you ask Gerald about Saudi Arabia joining BRICS and selling oil on precious metals?
Is Venezuela about preserving the dying U.S. petrodollar?
Do you think that's an aspect of it?
You know, it's going to, again, they want the oil.
There's no question about it.
And again, this is very important.
Trump wants to do everything he can to try to boost the economy.
That's why they lowered interest rates again.
And when you look at the price of Brent crude, what is it now selling for around $61 a barrel?
Yeah.
He wants to keep oil prices down.
Last year at this time, it was like $80 a barrel.
So that's why he wants to steal the oil.
Well, when he stole the oil, the price actually went up.
That's a little bit of a what they want.
They want to keep the price of oil down.
And again, particularly as they're trying to build up all these places for the AI crap.
So they want to get as much energy in any way they can and steal it as much as they can.
Number two, with Saudi Arabia joining BRICS, you know, it's a guessing game because Saudi Arabia is very much involved with the United States.
Look what they gave that little boy of nothing, Jared Kushner, his son-in-law, $2 billion for his company.
$2 billion.
Yeah.
And look at all the Trump towers and Trump this and Trump that opening up in the United Arab Emirates and in Saudi Arabia and all of these countries.
That's why the Arabs have not come out against what Israel is doing because they're all on the same team.
Oh, remember that guy that just came over, the Prince over there?
That guy that killed the American reporter?
What was his name?
Mohamed Ben Choppin.
He's been chopping people up.
Yeah.
MBS.
You know, look at how Trump, look at the disgusting show he put on with that.
Yeah, that's right.
So going back to gold, gold today was up before he went on the air.
It went up to hit a high today of $4,354.
It lost all of it when I went back on the time we went on the air.
But now when I went, when we came on the air, it was selling at around $4,285.
$4,285.
Go back, Trends Journal, September 2023.
We said gold prices bottomed when they hit 1,850.
Go to your Trends Journal January 2nd, a couple of months later, 2024.
Golden year for gold.
Pulling up 30% last year.
And now it's up.
Look at silver prices.
Up over 100% this year.
Yeah.
So.
Prices are going up because the world is going down.
I've been at this for 45 years.
Here, one of my books, Trend Track It.
Far better than Megatrends Time magazine.
1988.
That's how it became a trend forecaster.
I started buying gold in 1978.
$163, I think it was, an ounce.
$160-something dollars.
And now it's what, $4,000, almost $300.
Okay, now, here's the deal.
Go back to October 16th.
The podcast I did, I said gold prices could drop some $500 an ounce.
A couple of days later, gold hit $4,380 an ounce.
A couple of days after that, a week later, gold dropped some $500 an ounce.
Now it's down about $100 an ounce from its high.
Okay, here's the deal.
Gold, as we see it, we don't tell people what to do.
Gold has to stabilize strongly in the $4,200 an ounce range, $4,280, $4,260 for a week or two.
And if it stays in that range, or of course if it goes higher, it's going to keep going higher.
If it goes down to the $3,900, $3,800, you could see it drop back again to about $3,500.
And then it'll go back up again.
And that's the way we see gold going.
And silver, very important.
Silver is used in more and more, again, everything going AI.
The more it goes like this, the more it keeps happening, the more use of silver.
So let's say your cell phone busts or your computer, you throw the damn thing away, right?
There's silver in it.
If your ring doesn't fit you anymore and you want to get it, you melted the gold ring, you melt it down, you keep the gold.
There's gold reserves, there's no silver reserves.
Number two, silver prices are going up because people can't afford to buy gold.
And they're concerned about the future.
So we're positive on both of them long term, but we're just telling you the short term what to look for.
Because if you're interested in buying or selling, you know, something to consider.
So that's where we see it going in that direction.
And going back to the BRICS, this is important.
Again, I started buying gold in 1978.
Now, totally important, you get the Trends Journal.
And again, everybody, you go to night, you get 10% off.
Of course, you're like $2.50 a week.
You go back, they didn't say a word about rising gold prices.
We had it in the magazine up until around October.
Not a word in the mainstream media.
Not a word.
It was going over every The Wall Street Journal, the New York Times, one after another, not a word.
Not a word.
They don't want people to know how bad it was going.
Number two, there's no relationship between now and 1978 when gold prices spiked.
Zero.
Here's why.
Let's go back to 1978.
At a country called China before Slick-Willie brought him into the World Trade Organization.
Back then, China's gross domestic product in 1978 was around $150 billion.
Nothing.
Nothing.
Today, nearly $20 trillion.
Got it?
Yeah.
China is going to be the world, as I say, the 20th century was the American century, but the 21st century is going to be the Chinese century.
Because the business of China is business, and the business of America is war.
Ghana is investing like crazy.
They become self-sufficient.
They don't need Made in America because the slime balls like Clinton that brought China into the World Trade Organization went to China, the Western nations, and gave China all the heavy industry and high-tech technology they never had.
And remember when they first went there in 2020, China officially joined two weeks after 9-11.
Look at the profits that BMW, Ford, General Motors, all of these companies that went over to Europe, from Europe and the United States, that went over to China to get their products made, the Chinese people were buying them up.
They were making a load of money, getting cheap labor, manufacturing their products there.
And then what happened?
We don't need your products anymore.
Hey, who's the biggest seller of EV?
It's China, isn't it?
Yeah.
They're taking over.
They don't need anything that we have.
We gave them everything we have.
And this is why I have this t-shirt that you could get if you go to Trent's Journal.
Yeah.
Who are you to tell me what you do?
Yeah.
Yeah.
They sold us out.
They did.
A little slime ball like Bill Clinton wasn't worth a penny.
A little nothing of crap.
And what's he worth now?
Ah, about $150 million.
Hey, how about Obama?
Hey, look at my mansion.
All right.
I was a little nobody from Chicago.
Look at me now.
Hey, hey, you let me.
I'm going to have peace.
Remember that lie?
Oh, yeah.
As soon as he gets elected, what does he do?
Afghan troop surge.
Yeah.
I want that guy Qaddafi out of there.
I want the guy Saad out of there.
Oh, yeah, and everybody sucked your crap, didn't they?
Oh, and he won the Nobel Peace of Crap Prize winner.
Like the other crapheads that just won it now.
Yeah.
That's right.
While we were talking about silver and gold, I have another question here from DG8.
It says, David, can you ask Gerald about India placing silver at a 1 to 10 ratio to gold, 110 ratio to gold?
I had not seen that.
That is much, much higher price for silver than we've seen here in terms of ratio.
And I don't know exactly.
Do you know what he's talking about there in India?
No, I'm not sure.
I've not seen that.
But I do know that India was the retail trade pretty much in India.
Part of their religious thing caused that big squeeze for actual physical possession of the metals out of the London area when they had their, as part of their religious celebration, they typically acquired gold, but they had a lot of influencers who said, well, this year you need to get silver.
And so it created this tremendous whiplash of stuff because I'd already sent a lot of silver out of London to the U.S. because they worried that Trump was going to tariff it.
And so then it's going back and forth between the two different areas.
We've got Haibu says, please ask Gerald if the Venezuela thing is a distraction from the Epstein files to be released.
He always says that when in doubt, take them to war.
Venezuela is out of left field for sure.
What do you think?
They've already talked about that.
I mean, it's Epstein.
Well, they just came out with all the people with pictures of Epstein, Bannon, and one little jerk after another, Gates, Clinton, Trump.
And they're going to delete everything that they want so we don't know the truth.
Yeah, that's right.
That's right.
They're going to delete everything that they want so we don't need the truth.
And Epstein, what a disgusting piece of crap.
Oh, didn't Clinton pardon him when he was for some crap that he did?
Yeah.
Well, pretty much they got, you know, the Clinton connection that I saw was Ken Starr, who basically let all these serious charges against Clinton just go away, and he came after him for the technical perjury crime about consensual relationship between him and Monica Lewinsky.
And of course, Ken Starr was the defense attorney for Jeffrey Epstein.
So, you know, it's a club that we aren't in, and I'm glad we're not in that club.
But this is the Clinton.
I didn't have sex with that woman, Monica Winston.
I only flicked up the other joke.
Well, here's an interesting one, Gerald.
What are you talking about?
What are you talking about?
Here's an interesting question here.
This is from Jersey Boys89.
He says, when will housing prices go back down?
When DOT 2.0 happens?
They're going down now.
Yeah, will silver and gold.
He says when the dot-com crash 2.0 happens, will silver and gold and housing prices go down?
Will tuition prices go down?
What do you think?
No.
When the dot-com crash happens, silver and gold prices are going to skyrocket.
That's right.
And housing prices are already going down.
They're going to keep going down, but we don't see a housing crash.
Prices are definitely going to go down.
And things go up and they go down.
I ended up buying three buildings, and you've been up here.
You saw the beautiful buildings I have, three Revolutionary Warstone buildings.
I bought three of them in 2012 at the bottom of the market.
I paid for the 1750 Franz Rogan house with a huge yard where I have the rallies.
You ready?
$3, I think it was like $75,000.
Wow.
That's a deal.
Yeah.
Everything was at the bottom.
Now it's worth, well, over $1,375,000.
Because Kingston is one of the hottest spots.
People from the city flood up here for the beauty of the place.
And anyway, there's going to be a time to buy real estate.
It's not now.
Things are going to go down, but there's a cycle.
Again, if we don't get wiped out by war, by the way.
Yeah, that's right.
Because that'll be the end of life on earth.
But minus that, there's a time to buy real estate.
And for me, my life has been precious metals in real estate.
And so, yes, prices, housing prices are going to go down.
They're not going to go back up again until they bring mortgage rates down to like the 3% or 4% range.
And they're not near that now.
Well, what do you think is going to happen?
That brings up the issue of Trump getting to appoint the next Fed chair.
Was it May of next year or something like that?
Low interest rates.
Lower interest rates, that's going to drive gold and silver up.
Because the lower interest rates go, the deeper the dollar falls.
Yeah.
I forgot to go back.
We were talking about the BRICS.
The BRICS now control, and again, as I said, there's no relationship between now and 1978.
The BRICS are in control now of some 40% of the world's gross domestic product.
And they've had enough of the United States.
Yeah, that's right.
That's right.
So there's going to be the death of the dollar.
So we're very bullish on gold and silver.
And again, I don't give advice, but you buy it and you put it away.
You buy it and you put it away.
Buy it, put it away.
And when you get old, you got it.
Yeah, that's right.
That's right.
That's why what Tony does with his wise wolf up, you just gradually accumulate it on a monthly basis like a subscription type thing.
That's great.
But, you know, that's the other part of it.
Everybody knows that the financial system is in the middle of being reset.
And all the BRICS people saw how they stole money from Russia.
They don't want to have a part of that.
They were already opposed to the U.S. having a hegemony on the financial system and being able to borrow whatever they wanted to indefinitely and essentially just print all this money up.
But now you've got not just the BRICS, but you've also got the people who are pushing, even on the American side, with stablecoin.
And anybody who's trying to set up some kind of alternative financial system, whether it's stablecoin and tether and all these people, everybody's going out there and accumulating gold because if you have gold, then that builds your credibility with people that you can actually essentially cash the checks that you're writing for your new financial system.
So there's a couple of different things out there that people are trying to establish with financial systems, and they're all in competition with each other to get gold.
Yep.
Again, I want to mention this too about Trump.
They say he's out of his mind.
A couple of weeks ago, they had this picture of Trump when he kept falling asleep at the cabinet meeting several times.
And that little clown boy over there on CNN, the Cartoon News Network, Jake Tapper, he said that, quote, look, Trump's 79 years old.
I mean, like, this is not abnormal for a 79-year-old to be sleepy.
A jerk off over there in CNN.
I'm 79 years old.
I don't get sleepy.
You got it, fat head?
Who the hell are you to say that?
Maybe because you're in crappy shape, because you got a crappy head.
Don't you tell me that garbage.
Yeah, yeah.
They were talking about how he has this bandage on his hand and it doesn't seem to be healing.
I was looking at that and I said, well, that's really surprising considering how fast his ear healed.
I've always had a question mark about that ear shot that they said.
It's like, how did that thing heal?
And he's got no scar on it.
It would have just healed just like that.
But he's got a bruise on his hand and he can't get that to heal.
Yeah, this is the first book I worked on in the 1980s when no one was talking about it.
So I don't want to hear this crap.
So we were doing an interview with Gerald Salenti.
This is David Knight.
And he fell asleep as we were talking.
This isn't natural for a 79-year-old guy.
So we understand that Gerald was sleepy.
All right.
What if I fell asleep as we're talking?
We never have to worry about that, do we?
I'm just saying, what a bunch of crap.
Oh, and by the way, Trump eats junk food.
Oh, yeah.
Yeah.
Right.
Yeah, he does.
He's not on a health kick at all.
It's amazing that he's been able to get as far as he has, actually.
How about it goes like this?
He goes, hey, how about that, man?
Could you move like that?
Could you move like that?
Hey, how about this?
Could you do that?
Could you do this?
All right.
Yeah.
Yeah, he's got some issues.
I thought it was funny that he's talking about how he aced the cognitive tests when they ask him questions about elephants and other things like that.
It's like, yeah, this is kind of, I don't know what kind of a cognitive test is going to be.
I want to make this 1,000% clear.
As much as I can't stand Trump, I couldn't stand genocide Joe Biden.
Yeah.
That's right.
The war little mongering, scum of nothing Barack Obama.
Little George E. Bush, a daddy's boy with a pair of cojones, a size of a mothball that got us into the Iraq and Afghan war.
Slick Willie Clinton.
Jimmy Carter.
Jimmy Carter.
Oh, you deregulated the airline industry and created Al-Qaeda.
Oh, you forgot about Osama bin Laden?
No, no, that was different back then.
What was that?
What did they call it under Brzezinski?
Al-Qaeda that became now the Mujahideen.
Yeah, actually.
Mujahideen.
Yeah, Mujahideen.
Yeah, he actually had that old warmonger, John McCain, who was going around to Republican women's meetings and saying, hey, you want to sponsor Muj?
And he had one of the Mujahideen's with him.
Yeah, that Jimmy Carter?
That Jimmy Carter that set the stage for banks to become intrastate.
Back then, the Bank of America was only in California.
That slime ball that everybody looks up to?
One piece of government crap after another.
Again, if you didn't call them politicians, you'd call them gangsters.
That's right.
Well, I tell you, that really is what is happening with Venezuela, isn't it?
It truly is amazing.
I mean, they're just pirates and gangsters, you know, and he's threatening, well, you're next in Columbia.
You know, we're going to, I guess maybe they want the cocaine market as well as the oil market.
Remember the book, Warsaw Racket.
That's right.
Yeah.
Especially Bucker, Butler.
Yep.
Racketeering and Corrupt Organizations.
That pretty much just sums up the federal government right there.
The story about the silver ratio was from the Jerusalem Post, DG8 tells us.
So I appreciate that.
We'll go back and take a look at that.
Jersey boy asks, what about, he says, would it be a good idea to trade in silver when he gets to the low 15 to 1 ratio to gold?
What's your take in terms of owning silver or gold?
One versus the other?
I own both.
And I wish I had bought more silver.
But I'm very, again, I don't, you know, I'm very blessed for what I have.
And so, you know, you use your own thinking and keep learning about as much as you can possibly learn.
And then you make, you know, listen to the different people, and then you decide.
And by the way, I read, like we talk about the Israel war.
I subscribe to Hod Eds, the Israeli newspaper.
But I go to Jerusalem Post, Times of Israel, WyNet.
I want to hear everything the Israelis have to say.
I also go to IRNA, ISNA, Press TV, Tehran Times, want to hear what the Iranians have to say.
I go to Arab News, Al Jazeera, Middle East Monitor, Middle East Eye.
I want to hear what the Arabs have to say.
I go to Arab news.
Again, I go to Euronews, France 24, BBC, Guardian, on and on.
We listen to what everybody has to say.
And then we say, this is what they're saying.
This is our analysis.
Here's where you see it going.
You don't take one side.
You have to be open-minded.
And again, you look at things the way they are, not the way you want them to be.
And you've got to make connections between different fields.
Opportunity misses those who view the world through the eyes of their profession.
That's a good quote.
Yeah.
Well, it's kind of interesting how people get tunnel vision over things.
We talk about war and peace.
I don't know if you saw this from Mike Huckabee, where he says, well, Israel didn't attack Qatar.
They fired a missile at them, and they fired that missile at a person.
Yes, it killed some other people.
Basically, it's a personalized missile is what he's trying to say.
And, you know, collateral damage, I guess as the Pentagon likes to put it.
But it'd be funny if it wasn't so tragic in terms of the mass murder.
But the lies are actually kind of getting humorous.
They're so obvious that are out there with these warmers.
He came out with something, a stupid article about Neanderthals used to kiss 20 million years ago.
How do they know?
20 million years ago?
No, no.
Everything began when God told Abraham or Moses that this land belongs to the Jewish people 3,500 years ago.
Save your fairy tale for somebody else, Huncleberry.
Don't want to hear your baloney.
Yeah, well, I don't believe the fairy tale that he has out there is what the Bible says.
that's the key issue i think he has created a fairy tale but uh i don't think it's you know we don't know we don't Again, 20 million, 30 million years ago, there was life on Earth.
We have no clue what's happened and why we've been wiped out or came back or whatever it was.
And they have no clue.
And they're just, to me, you know, who knows?
You know, who knows?
30 million years ago?
Yeah.
Well, I don't believe those dates either.
And I don't think they can tell when they were kissing.
That's what I'm saying.
20 million, 30 years ago.
Yeah, a lot of people have a lot of different fables about different things that are out there, but it truly is interesting.
And, you know, when you're talking about gold, what kind of a target are you looking for?
I've seen targets put out there by Goldman Sachs and J.P. Morgan and others.
They seem to be coming in around $4,900.
They don't want to say $5,000, although Jamie Dieman did say $5,000 to $10,000.
He thinks that it'd go to pretty soon.
But what do you think?
I mean, I've seen a lot of them saying they thought next year $4,900.
Maybe they're pricing in what Trump is going to do once he gets his Fed share in there.
Now you see the same thing.
$4,950.
Yeah.
$5,000.
But again, when the dot-com bust happens, which they won't talk about, and they only started talking about this only a couple of months ago, we've been talking about it.
Coverage Trends Journal magazine, February 5th, dot-com bust 2.0.
When the dot-com bust happens, you're going to see gold prices skyrocket in the silver boxes.
The toilet paper record, the New York Times, came out with an article a couple of days ago that's saying this is different than the dot-com bust because the companies now have a lot of money behind them.
Like all the big companies.
They're not hurting for dough.
That doesn't make a difference.
When the markets crash, it's not about the companies.
It's about all the markets going, well the people losing money in the markets and how they're going down.
You know, that's back to the point you made.
Back to the point you made about, you know, even with the federal government coming in and subsidizing these companies, if it's clear that everything is moving to China because they've got the data centers and they've got power for their data centers and they've got their own domestic chips that they're working on as well as their software.
Once that becomes apparent, then it crashes regardless of whether or not these people are getting money from the federal government, be what you're saying.
And I'm telling you, this is going to crash.
It's going to crash.
And the crash is going to come sooner rather than later.
We're in a holiday season.
People are in a holiday state of mind.
That still doesn't mean it can't go down.
Because let's go back to December 2018.
Not ancient history.
It was the worst DAO since the Great Depression.
Wow.
Yeah.
And that's when Trump forced Powell to lower interest rates.
Well, it's going to be an interesting year.
It's all the more reason for you to get a subscription to Trends Journal and to be able to identify these trends.
Again, you can use the code NIGHT to save 10% off.
Thank you so much, Cheryl.
Always interesting to talk to you.
Maybe the next time we talk, we get some projections for the next year, for 2026.
Thank you.
Coming out with the top trends very soon, beginning in January.
Great.
But I'm tired now.
I can't.
I've got to cook.
Thank you.
Have a great weekend.
Everybody, thank you.
The world was gone.
All things were made.
Maybe.
In the big king was the world.
The word with God.
The world was gone.
Maybe, and repeat, in him was life, the light of man, the true light came into the world, made by him.
Is you not here the father song?
We've seen, we've seen his glory, see his grace.
Though he was in the form of God, he kept us bound equal, but took the fall of him.
He lived with this to thy foreman.
Our humble king, who pay to death, death on the cross.
Now, God has placed his name on high, the name of all our names.
The name of all Jesus in heaven and earth confessed
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