March 29, 2023 - The Truth Central - Dr. Jerome Corsi
33:26
Nuclear Energy's Future and Is Commercial Real Estate the Next to Fall?
With the collapse of a number of regional banks recently and the uncovering of the Federal Reserve's inability to properly stress test them beforehand, Dr. Jerome Cosi asks is commercial real estate, especially in expansive urban areas, is the next to go down. Judging from the empty space in several buildings within cities like New York, Chicago and Los Angeles, perhaps this is something on which we need to keep a proverbial eye.Also, why do clean energy activists continue to fear what they are actually looking for in nuclear energy? What are the reasons the Climate Change Agenda puppeteers continue to push inefficient solar and wind solutions? Are electric cars really the future or a potential nuisance?Visit Dr. Corsi's The Truth Central website: https://www.TheTruthCentral.comMyVitalC: https://www.thetruthcentral.com/myvitalc-ess60-in-organic-olive-oil/Swiss America: https://www.swissamerica.com/offer/CorsiRMP.phpBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-truth-central-with-dr-jerome-corsi--5810661/support.
This is Dr. Jerome Corsi, and today is Wednesday, March 29th.
We're doing Daily Podcast again, and we have a new website.
This is Dr. Jerome Corse, and today is Wednesday, March 29th.
We're doing daily podcasts again, and we have a new website.
It's called thetruthcentral.com.
Trump's is The Truth, more social, but TheTruthCentral.com.
Now, my producers, Chris, and Chris, you can come on the screen here for a minute and we'll show you the website.
First of all, we are posting new articles every day, right, Chris?
Absolutely.
Jerry, you're on this every morning.
Everything's up there.
We have each podcast up.
So if you happen to miss a show, You can just catch it, whether it be video on our Rumble channel here, or you can catch the audio version of the program via Spreaker and, of course, wherever you get your podcasts.
Right.
And we're also picking up my tweets on Twitter.
I'm back on Twitter.
I created a new account.
They never reinstated my old one.
But at any rate, I'm posting again on Twitter, on very many of the platforms.
You're going to find me showing up with different things that we're doing.
Also, we have sponsors.
I have three sponsors.
Two are up right now.
We'll get the third up very soon.
But the sponsors are Swiss America, which is a gold and silver company that I've worked with since 2004.
And the other is My Vital C, which is a, there's the offer for half dollar, walking liberty, half dollars from Swiss America, which for new customers, first time customers, you can get, I think, up to 250 of them for basically what the metal is worth.
They're almost pure silver.
And the other sponsor is My Vital C, which is a miracle molecule, carbon 60, My partner here is Chris Burys from SES Research.
He was one of the very original people into the carbon-60, which is a molecule that has 60 carbon atoms in the shape of really a soccer ball or a geodesic dome, Buckminster Fuller.
It's called fullerene and it has remarkable properties of longevity, And has remarkable properties for memory increase, enhanced sleep.
I've just written a book with Chris Burry.
We'll have the cover of that pretty soon.
And I've launched a telemedicine site.
We're in the process of doing it.
It'll be out very soon.
Yes, they have skin products.
They have hair products for replenishing hair.
I've used all their products for maybe four years.
I think they're remarkable.
And the telemedicine website's gonna be called getlongevitymeds.com.
We'll be rolling that out hopefully in the next couple of months.
I just finished the book.
The book with Chris Burris is going to be called Live Longer Better, and I've written a book with Dean Heskin, who is the head and CEO of Swiss America.
And Chris, I think you can show the title of that, show the cover of that book.
It's just finished, and it's going into production.
It's going into production right now.
It's being copy edited.
And the book with Chris Burry's I just finished over the weekend and it's also going into copy editing.
I'm going to be doing a lot of writing these years and this year and hopefully for the rest of my life.
There's going to be the book and we're going to start with that topic today.
How the coming global crash will create a historic gold rush.
That's what's happening.
And I recommend everyone anticipate That we're going to have another crash which could be as severe as 2008-2009.
It could be much more severe than that.
And I think the demons that are in control, this New World Order crowd, have every intention to destroy the dollar.
I think the dollar's in the process of being destroyed, and I believe the central banks are in on it, and we're going to go to a central bank digital currency.
Now, these ideas would be branded conspiracy theory ideas, except they're gonna become conspiracy facts.
You're gonna see what I'm talking about happen.
And I think you'll find that things we're instructing you to pay attention to in this show will be things that are in the process That will develop probably pretty much as we expect over the next few months and years.
Chris, let's get into the first topic here, which I want to cover, and that is essentially what we talked about a minute ago.
That is that we are really experiencing today another credit crunch.
Which is gonna be, I believe, as severe as 2008, 2009.
2008, 2009, what happened was that the subprime real estate market crashed.
Democrats had passed a lot of legislation.
They controlled Fannie Mae and Freddie Mac, the two mortgage giants, quasi-governmental entities.
That Obama largely ruined, but that's another story.
And they demanded that people who could not afford mortgages be given mortgages and houses when those people ultimately couldn't pay mortgages under higher rates, which were going in at the time.
The entire market crashed.
The subprime market crashed.
Well, right now, real estate, the commercial market, is the next one that's going to crash.
And what we're facing is we're facing the increase in interest rates such that commercial real estate is now troubled.
There's a lot of unoccupied buildings.
Even to go in any major city, I'll go to New York and it's shocking how many of these new skyscrapers are unoccupied.
After the pandemic, people are working from home and enjoying working from home.
That's gonna be the reasons for going into an office when you're in a environment that is this much of a meta-reality operating on the internet.
It's hard to know why you should go to an office when you can meet with people by Zoom or Google Meet or Teams or any number of other options.
And the point is, once commercial real estate crashes, we're gonna have a lot of people who own these buildings We're gonna default.
When they default, the banks default.
Banks, that becomes a asset on the book's bank, that loan, which is no longer paying.
If the banks have defaulted loans, the bank quickly become insolvent.
They don't have the assets to match their liabilities.
Their deposits are liabilities.
Banks think of their deposits as if they were assets, but they're the liabilities.
Deposits can be paid back to people, or should be.
People want to use that money.
And that's where we get into a crash.
I think we're going to have another stagflation.
We're going to be in a period of time where the inflation is going to skyrocket, continue to skyrocket.
We're going to have shortages of food, shortages of almost everything, I believe.
And at the same time, the currency is going to become increasingly worthless.
Printing more of it won't solve the problem, because it just makes it more worthless.
And so therefore, as we get to inflation and hyperinflation, we've also got a stagnant economy.
Without banks, without credit, without the ability to have loans, commercial real estate crashing will be catastrophic.
And it will occur not only here, but it will occur also in Europe, Western Europe, and we will see a global crash.
Which I believe is being engineered.
These are the types of things that could be avoided, but not when you're printing money under the modern monetary theory, which the Democrats have engineered, saying since we've got fiat currency, we can always pay our debt with new currency.
It's like owning your own debt.
Our debt is now over $30 trillion.
So we just print a coin that says, coin's worth 30 trillion dollars, and we just paid off the debt.
Well, I mean, you know, that's fantasy land.
It is not the reality of concrete wealth.
It's not material.
It's fiat, made up, fiat.
Latin, that means let it be.
Fiat, let it be.
It's created out of nothing.
Well, we have an economy created out of nothing.
We got a global economy that is created out of nothing.
And I think the forces of change at the moment are Russia and China and the BRIC countries, which include India.
You know, they basically are Brazil, India, Russia, China.
And these are the countries that are engineering economic growth.
Of course, Brazil is all now gone woke.
And so Brazil probably will not be nearly as effective as Russia and China.
But the theme here is, you better get some gold.
Because if you don't, you're going to find that the currency you've got is going to devalue.
The gold will continue to have value.
Gold is now edging over $2,000 an ounce again.
And what I point out in this new book to come, What Dean and I are arguing, in Swiss America, is that in economic crises like we're going into, the value of gold tends to skyrocket.
It was in the 2000, on the first crisis in the 1970s under Jimmy Carter, gold hit its first highs and then it got over 2000 with the second crisis, 2008-2009, went to about $850 in the 70s.
that the second crisis, 2008-2009, went to about $850 in the 70s.
And I'm saying now today, if gold doubles again, it'll go to $4,000 or more.
And this is the beginning of that cycle.
That's why we're proud to have Swiss America as a sponsor.
Please want to support us, take a look at it.
All right, let's shift to the second topic I want to cover.
And Chris, you want to comment on the first topic first for a minute?
Well, I can only tell you that I have seen some of these empty skyscrapers and empty office spaces, empty office buildings, and if you look at it, the ones that are being bought, the ones that are occupied, are selling for exorbitant amounts considering inflation right now.
It perplexes me to see what's going on in the cities and of course even surrounding areas right now.
Another thing we should also look at and something we should keep in mind is the cities that have these buildings that are abandoned or office spaces that are unoccupied.
I wouldn't say abandoned skyscrapers, I would say unoccupied skyscrapers, that's a better word.
But the idea is that they're run poorly.
High crime rates, high taxes.
A lot of these companies are moving to suburban areas or other states or, let's say, more tax and business-friendly areas.
These urban areas have become, let's say, Manhattan.
If you want to go with Manhattan, they've become playgrounds for people who can afford to live there.
And let's put it this way, even people who can afford to live there are sick and tired of that and buying some homes upstate or in Jersey.
Well, what's going to happen is that the real estate across the country is going to crash.
And people are going to find that they're with increasing interest rates facing, especially if they have adjustable rate mortgages or losing jobs, they're going to have a hard time paying mortgages.
And I'm just trying to warn everybody that this is coming.
I agree with you.
And I live in a suburban area, upstate, up in New York, I would say 60 to 65 minutes away from the border, from the George Washington Bridge.
I'm seeing houses that sold for $329,000 in the high peak of 2004.
$529,000 in the high peak of 2004.
Well, remember that that's when houses were overvalued because of the big boom there.
Well, I see the same houses selling for, oh, 499,000 or listing for 499,000 on Zillow for
520,000.
Again, real estate agents and realtors will tell you that Zillow is not exactly accurate, but it does give you a feel of what people think they're going to be getting or what people are paying when they're trying to escape cities and go into suburban areas, and you're going to have the proverbial bubble.
Well, the bubble's already there, and you're going to have some of these properties go down dramatically in value.
The bubble's going to burst.
The entire economy is a bubble.
The Federal Reserve is only capable of producing bubbles.
It's the only way the Federal Reserve can stimulate economic growth.
But let's shift into the second topic, which is really related.
The first topic I wanted to establish is that we are going into a I'm not happy to bring you bad economic news, but you might as well face the truth.
That's what this whole podcast is about.
We're going to have another round of stagflation, which is going to be very difficult.
And as we go into electronic currency, central bank digital currency, it's going to be architected for gaining control, social control of populations and reducing populations.
Now, I'm saying Russia and China emerging is really our rivals.
I want to cover this next story with the, you know, Europe in retaliation for Russia invading Ukraine put economic sanctions on, the EU put economic sanctions on Russia, and Russia said, well, that's fine, then you don't get any more of our natural gas or our oil.
Now, if you'll recall, President Trump did warn The EU not to be so dependent upon Russia for natural gas.
But the first story is that Russia, Russia's energy minister, this story comes out of a website called oilprice.com, which is a very good website.
Russia claims to have redirected its oil exports to avoid the EU blockade or embargo.
So essentially, crude oil and fuel exports, natural gas, have been completely redirected.
They're going to have some drop in production, but it's predominantly, in Russia, a voluntary cut.
Okay, so Russia has succeeded in diverting what was going to the EU, and they are selling to countries like India and China.
Which are happy to have the oil and natural gas.
Now, this is going to, essentially, Russia is also demanding that its natural gas and oil be bought in rubles.
Russia is, essentially, going to have a gold-backed dollar, that's a gold-backed ruble, which is what they're moving toward.
Russian Central Bank and the Chinese Central Bank have both been buyers of gold.
And I think they're going to start dumping treasuries again, U.S.
treasuries, which are going to be increasingly worthless.
That's another problem the banks have.
When they bought, were forced to buy, under quantitative easing, so many treasury bonds as part of our buying our own debt.
And they're in bank asset bases, which are now zero interest.
Treasuries are Deeply devalued, discounted, when interest rates are hitting five or higher percent.
Now the point is with Russia being able to divert its production to other countries, Russia's got sufficient demand globally right now to produce the revenue that it has wanted and to shift that revenue more into a gold-based payment system.
Which is quite clever.
Now I'm not, I'm not a Putin fan, but I think the idea that NATO should take over Finland and should take over Ukraine is a bad idea that was generated by George Soros largely in the Maidan Rebellion, 2014 in Ukraine.
I'll be writing about this when I start to cover Biden.
I'm going to be writing articles on Biden and the Gateway Pundit.
And I want to go back to the Ukraine days when Biden was making money out of Ukraine and helping to push Ukraine into NATO.
Russia, historically for hundreds of years, Russia covets Finland and Ukraine for its access to the Atlantic.
Russia has no direct access to the Atlantic, except through Finland and through Ukraine.
It's why Sevastopol, the naval port for Russia on the Black Sea, is so important, controlling Crimea, which has been a Russian goal for hundreds of years.
Pushing these countries into NATO is only going to infringe on the Russia's sphere of influence.
Now, this is an important article that goes with the second article I want to cover, which, Chris, if we could switch to that in a moment.
I want to show you what the EU is doing.
You know, the geniuses at the EU, I have found that they were shutting down nuclear power.
Because the left doesn't want any form of energy that is effective.
It wants to use windmills, which largely kill birds and sometimes produce electricity.
It has to be stored, which is an inefficient form of energy.
I demonstrated that in my book on how energy works in this book.
The truth about energy, global warming, and climate change, that energy is a, from hydrocarbon fuels, oil, natural gas, coal, they combust.
So you've got the fuel stored in the hydrocarbon itself.
And when you combust it, that's when the energy is available.
On wind and solar, you've got to store that energy in a battery, which has a loss of energy to store it.
Then you've got to ship it over to when it's being used, and that's a loss of energy.
And storing energy is a lot less efficient in terms of the energy coefficient in physics than combusting it and getting it available right at the moment.
So we're going to a less efficient form of energy to use these renewables, and the left knows it.
The engineers on the left intentionally attack hydrocarbon fuels because they work.
And want us to go to renewables because they don't work.
And as the Malthusian origin of the global warming movement stems from there's too many people, we've got to eliminate them.
And that'll be the third book I'm going to write on this transhumanism.
The point is that the EU is now trying to debate whether or not it should have nuclear energy again.
Now, several of the countries, France, wants to redefine nuclear energy as basically being a renewable fuel.
I want to say France is joined by countries like Romania, Poland, Hungary, Czech Republic, all of which seek greater acknowledgement of nuclear energy's carbon dioxide free contribution to climate objectives.
Going back to nuclear, when Europe hated nuclear and was closing down nuclear power plants on the fear of Chernobyl and Three Mile Island, or Japan, which had its reactors recently by the sea go into a meltdown.
So the push here for low-carbon hydrogen In other words, nuclear energy.
But you've still got Germany, Spain, Denmark, Portugal, and Luxembourg, and Germany's important in that, opposing it, saying that nuclear power basically diverts energy and effort and money from expanding solar and wind across Europe significantly in order to go to renewable fuels.
The idea is the same as Obama had, and we've already tried this, spending money in order to promote wind and turbine.
Well, that's a great idea, except that it doesn't work.
And part of the problem is that when you make these conversions, we get Solyndras.
Solyndra was a big solar plant, by the way, under Obama's energy initiative.
About 70% of the money went to his 2008 campaign finance committee members.
Projects went into bankruptcy, no one went to prison, money was gone, and these big solar waste plants or waste solar dishes in the desert that do nothing are basically solar junk.
So, you know, essentially we're gonna experience the same thing.
Europe wants to put money into wind and solar, and it will only ever be a minority percentage, maybe 10% of the fuel you can generate.
If you try to get it to be more, it's going to be extremely expensive.
And it's going to be less productive.
And the EU knows that.
Those behind the climate change know that.
And they are lying to you in order to think that, aren't these electric cars wonderful?
Just look at the ads on TV.
Electric cars, they're the future.
Well, they don't work.
If you ever had an electric vehicle, Or experienced one, you'll know that finding a filling station with electric, it takes time.
And are you gonna wait in line for somebody to take 15 minutes or 40 minutes to refuel their car while you're 10th in line?
I mean, this is not, you can fill a gas pump very quickly.
And again, it's a more effective form of energy because these electric-based technologies were the original idea of cars, and they were abandoned when cars were first being developed in the 1800s.
Because electricity, well, it's a good form of energy, very powerful, it's great uses.
When you're talking about what you need for powering industry, powering transportation, there's nothing like the power, portability, ease, convenience, and low cost of hydrocarbon fuels.
And they are natural, they are abiotic, they are not made from dinosaurs.
These are points which I've tried very hard to communicate to people and have found to be very difficult to get across.
But I'm going to continue to try.
As I think we're wrapping up here, Chris, any comments that you'd like to make?
I see you've got a great picture here.
Well, as you can see, the model electric car being driven by this gentleman here is towing what you call a hipster, I believe.
Something like that.
But electric vehicles may be hip and I can see, I'll be honest with you, I can see the usefulness in congested urban areas like New York, like LA, amongst certain people who need to go from one side of the Manhattan Island or the Bronx to the other side and get to work.
It's more efficient when it comes to parking and blah blah blah.
But you're talking about Outside of the cities where there seems to be a cultural bias when it comes to reporting and legislation Uh, and we can go into the constitutional discussion of why everything was set up the way it was On about during about 10 or 11 different shows fact is Uh, there is a heavy legislative bias and and media bias when it comes to urban areas So when people talk electric cars, they're talking well, it might be nice to take these polluted cities and and and
Keep the emissions down.
But what do you do in rural America where there are less charging stations, and there will always be less charging stations?
What will you see?
What will happen when there's another snowstorm that shuts down Route 80 in Nebraska and Wyoming, where the electric cars are going to be stuck overnight?
At least as they stand now, they're going to be stuck, and they might not be able to recharge.
They're going to lose their power in extreme weather.
What's going to happen in suburban areas where people need to drive sometimes an hour and a half to two hours to commute to work and back?
Would they have to wait 20-25 minutes to charge their cars sometimes?
These technologies have not been perfected and they're being shoved down our throats too quickly because partially of the urban bias when it comes to certain policies.
Well, I mean, you've got a legitimate point.
First of all, I don't see that there's any point in reducing carbon emissions.
Because it will not save the planet.
Not because the planet is doomed, but because carbon is not a major factor in the Earth's temperature.
It's a very minor factor.
I just think I saw their point of view.
That's all I'm saying.
I understand.
And maybe the cities will stink a little less.
Well, Chris, I think it's insignificant.
And I also think that the fact of You know, smaller cars may make sense in urban areas, but again, smaller electric cars, I think, are just going to become a nuisance.
And, you know, you've got in New York City, you know, they started with the Democratic mayors putting in all these bicycle racks.
Well, I mean, yes, people do use the bicycles and they enjoy them.
But again, that takes off a lot of lanes that could be used for traffic.
And it makes the city much more difficult to navigate.
So, you know, the inherent problems of urban areas are not going to be solved by going to electric cars.
They're going to be compounded.
In Manhattan, there's not even very many places to get gasoline.
So, you know, cars are essentially not the major method of transportation.
Privately owned cars in Manhattan, many people don't own one at all and utilize basically taxi cabs to get around or Uber, which is, you know, these are the ways in which they can get around.
But the point is, I don't think that the whole switching to electric vehicles, which takes up an enormous amount of energy to produce the electricity, which has outages and all kinds of other factors, because you still have to have a hydrocarbon fuel backup.
And it's a very unreliable source of power.
There are fundamental arguments in energy physics that have gone on, and it's like Tesla was right that alternating current was much better than the direct current, which Edison wanted to use.
Well, that was a fundamental argument in the physics of energy, how it works, how electricity basically is transmitted.
It's like why your heart doesn't beat constantly, it beats intermittently.
There are physics involved in how you pump fluids through pipes or energy through wires or anything else of that nature.
But the point is, the energy efficiency of electricity is not going to enhance the quality of life in New York or any place else.
Electric vehicles are going to be a nuisance.
And when they run out of electricity, they're very hard to move.
The batteries catch fire when they corrode.
They're very hard to put out.
You've seen the bikes, right?
The bicycle batteries.
I know it's not the same thing, but the lithium bicycle batteries, if they're left unattended at certain times or they're not treated well, they blow up.
These are other underlying problems.
Then you talk about energy or lack of energy independence and more dependence.
We can talk every day about how China's influence around the world is stretching into resource-rich nations, including those with required rare-earth elements, which are going to be needed for electric car batteries.
We'll get into that.
And China, by the way, is probably the biggest coal-producing nation and coal China's even got Fischer-Tropsch plants in which they're converting coal into oil, which is the process the Nazis used to get to understand how synthetic oil is made.
Oil is not a natural, it's a natural product, it's not a dinosaur product.
You know, there's chemistry involved.
I put in my book on the truth about energy, put in there the formulas which show you how hydrocarbons are formulated, and it's a chemical process that does not require any living part.
No biological element, no organic element at all.
Oil is not an organic product, it's inorganic.
At any rate, these are things that I'm using the books to get more deeply into the subjects.
Well, I'll cover the news here, but I want to make it clear to you that unless you take the time to master these deeper issues, you're not going to understand the full extent to which you're being duped by a secular propaganda campaign, disinformation.
It's important that the subtitles of all these books that I'm writing this trilogy, it's a Great Awakening trilogy, is about the exposing the climate lies in an age of disinformation.
We're living in an age of disinformation.
Almost everything you're being told is a lie by the media and by the government.
You've got to get in your mind that the government lies and it lies habitually.
So we'll cover these themes more extensively as we go on, but I think we should wrap up today.
Thank you, Chris.
I greatly appreciate your comments and your hosting, and we will get into the urban, suburban area and rural area.
That's a very important issue, and we'll cover that more extensively in future broadcasts, but I'm glad you brought it up.
Thank you.
Well, there'll be plenty of those broadcasts.
And if you missed any one of the Dr. Corsi's incredible The Truth Central broadcasts, go to thetruthcentral.com.
You can find all of them there.
You can find us wherever you get your podcasts or on Jerry's Rumble channel.
BitChute as well as CloudHub, all for now.
And we're going to be expanding all of that.
Find some special shorts on YouTube as well.
There's a lot of things happening with the show.
And I always say, in the end, God always wins.
I do hesitate to think what in the end might mean.
But God will win, and I encourage everyone to really educate themselves to be awake, not woke.
