this week the s p 500 has hit new all-time highs but our next guest thinks that this has nothing to do with what's really going on in the economy gerald celente a fan favorite of kiko publisher of the trans journal gerald welcome back to the show oh thanks for having me on right so you were talking to me offline about how this has nothing to do with what's really going on in the economy can you elaborate sure main street has nothing to do with wall street they're two separate entities and and as we know the federal reserve everybody that listens to kit go knows that that they've been dumping in trillions of dollars worth of digital cash backed by nothing and printed on nothing to keep the markets artificially afloat and of course the government as well dumping in all this money so now this is from monday's wall street journal front page cyclical stocks are leading latest leg of market recovery here it is right so now as you mentioned the s p 500 hitting new highs bounced back from the corona virus lows and nasdaq keeps making new highs then you open the paper up on page three big story more people go hungry and seek food aid as recession takes toll yeah main street and wall street totally totally separated but gerald wouldn't you say that bad news is good news now because like you just said more people are going hungry the fed needs to pump in more money and more stimulus is going to drive up the stock markets what would you think about that exactly and and that's artificially floating it up and that's why that's why people are buying gold and silver and and cryptocurrencies because they know that every central bank around the world is artificially inflating their equity markets and economies here's the deal as i mentioned to you and you write in black and white so i'm not making this up and everybody knows the unemployment numbers and people that you know listen to your show and and read our magazine know oh what did yelp come out with oh sixty percent of the businesses restaurant businesses aren't going to reopen oh the hospitality sector it's doing great oh how many hotels are going bust oh why don't you take a flight on one of the great airlines what is their travel down like what 85 percent and and the casinos oh they're only off 98 percent i'm not making these numbers up oh and the market's going up here's why they're keeping the markets up everybody on main street that's working or is out of a job knows how bad it is they want to artificially keep the markets up because when the markets crash then the people say oh the market's crashed oh this is really bad so the markets are the artificial inflator to keep the people from knowing how low this is going and how bad it is one follow-up question to that do you think that the average joe who doesn't follow the markets really cares about where stocks are going as an indicator of real life like you said people who live in the real world know how bad it is so my question is what's the political incentive for for trump to keep markets at an all-time high joe blow doesn't care it again it's the people have no idea how bad it is and it's not a trump it's the whole system it again here let's go back to when they started locking down everything it's going to be a v-shaped recovery remember that one yeah oh how about this one the average person oh it'll come back oh it'll come back they don't want the people to know how bad it is they artificially inflate the markets and again the numbers just came out this week 12 people in america 12 of the billionaires in total got a trillion dollars richer it just came out so all the markets have nothing to do with the reality on main street it's it's it's it's like going to the movies it's just the front and as long as they keep that front going globally it keeps riots from going bigger than they are it keeps protests from getting before this happened before this happened let's go back to 2019. oh there was negative gdp in japan negative gdp coming out of germany oh how about mexico oh yeah they were in a recession already oh how about the riots going on in lebanon and hong kong in in in chile in bolivia in colombia uh in india in india india in the la they had seven quarters of of negative declining gdp into before this hit in 2020. they fired over a million people in the auto industry in india oh china the auto industry was going down there big time what was their gdp oh it matched 1990 rates the governments are doing everything they can to artificially prop this up and they use the covert thing to stop the riots close them down so now when it goes down again the people will be back on the streets again gerald let's talk about your newest trans journal freedom or tyranny i love that title what do you mean well you know it's from a great piece of art back in the day in the france you know and when they when they were fighting for freedom and that's what we have now is either freedom or tyranny when i was a kid they used to have us hiding under desks doing air raid drills in case an atom bomb went off then they had us when we were too big to get under the desk they had a standing in a hallway in the school like this and telling us if you see a flash don't look at it if i see a flash before i blink my eyes i'll be dust you think hiding under a desk is going to help save my life if an atom bomb goes off these are the same imbeciles morons that are making up these rules that have put tyranny and fear in our lives and suck freedom away from it i'll tell you what you go to a restaurant when you sit down whether it's inside or outside you can eat without your mask off you know why because that virus it stops right at the height of that table but when you stand up put that mask on because that virus will get you hey if you're in europe if you're a meter away you're socially distance perfect because that virus stops right out of meter but if you're in america we got two meters i'll tell you what let's go to italy it's only a meter and a half again the people are dying you're up in canada look at the you know the facts eighty percent eighty percent of the people that died came died chronically ill people from nursing homes what are the other deaths why is america's death rate so high obesity type 2 diabetics the numbers are there oh oh i know somebody that knew somebody no i don't care i'm just going by the numbers and the facts tyranny has taken away freedom i'm the governor i'll tell you what to do we don't have to pass any laws i'm in charge that's what the cover is and i want to make this clear as long as they keep this going as long as they have people messed up people aren't going to go out they're not going to spend money they're living in fear this thing's going to go down bigger and bigger but good for gold they'll be printing more digital trash backed by nothing and printed on nothing and the prices will continue to escalate and it's global gerald uh dr anthony fauci has come out and recommended universal mask wearing do you agree with that again go by the data oh you mean that fouchy why don't you go back a little further go back to march and check him out on cbs telling him you don't have to wear masks that fouchy oh how about how about going back to the centers of disease control the world health organization who gave the ineffectiveness of wearing masks and recommended not to wear them until they got political pressure back in june to have everybody wear them i'm just going to quote a study uh goldman sachs the investment bank recently did a study about mask wearing and the potential impact on the economy and they concluded and i'm just going to quote the report the economy could benefit significantly from such moves referring to a national mandate of mask wearing especially compared with the alternatives of a return to a broader lockdown basically what they're saying is if we don't wear masks people might get more infected and we might go back to a lockdown which is worse for the economy uh would you agree would disagree with that point of view i would say what do they know this is goldman sachs and now here's the here's a fact that no they don't talk about in the media do you ever hear of a country called finland norway sweden denmark netherlands oh they're not wearing masks they're not wearing masks the people that are they're not wearing masks again the ineffectiveness of it is in the data you look at the packages of most of the west master people are wearing or whether they got a thing around their neck playing the long range or whatever it might they don't work and again the people that are dying from the virus when you add up all the numbers 740 000 dead around the world oh yeah as i said only only 1.5 million died of of air pollutant related diseases in china last year only 1.3 million in india again the numbers are adding up to nothing take california place has been locked down as long as you have 11 000 people died out of 40 million in six months they destroyed the people that are going to die from this lockdown because they lost their jobs they lost their lives they lost their businesses and they're losing their minds is going to be far higher than the people dying from the disease and the other thing when people lose everything and have nothing left to lose they lose it and you're going to see them losing a big time crime is going to escalate already is but so so if we're not going to wear masks what are we going to do how are we going to prevent this virus from spreading it's it's again it's going to kill people that are unhealthy and it's people are going to be fine that that haven't died from it already that are healthy they don't talk about building your immune system the first book i worked on 1986 natural healing i have an honorary doctor from the national university health sciences no one talks about building your immune system taking supplements to get in better shape no i don't do any of that we're going to give you an injection you're a healthy man you're not going to get what are the odds of you getting it of healthy people again in canada 80 80 from nursing homes how about doing more to protect them how about doing more to get people in better shape and protect the ones that are going to be susceptible to it okay i mean the u.s has led the world in in the number of cases 5.5 million cases uh confirmed 172 000 deaths uh very few relatively fewer people in the united states have been wearing masks and uh you know what have we done wrong here look at the people are dying america's leading it you got it it only has a 42 obesity rate 42 percent obesity rate and only 70 percent of the people are overweight so yes you get hit with this virus and you're in this kind of shape you know jack you're dead let's talk about the elections now because it's coming up we have as a result of covet in the lockdowns we've seen you know record levels of unemployment who's going to be a better candidate to take over this mess biden with trump but to me you know i'm a political atheist i i was the assistant to the secretary of the new york state senate at 26 years old i've been around i've been president's prime minister prince's like you know to me it's in american election i would call it it's a it's the presidential reality show and we have goofy running against donald the duck i mean look at look look at the choices that you have who's going to fix it who's going to make it better neither of them neither of them not with the political system we have now again this thing was going down before that look at manhattan manhattan's dead before this happened when you were in manhattan boom boom boom for rent for rent for rent for rent for rent for rent for rent in 2018 2019. now it's a whole different place so they're not going to be able to change it unless they change for example their military and foreign policy i say that because a trillion dollars of america's budget goes into the military industrial and intelligence complex you don't need that now you need to take that money and build your economy but when you look at the platforms of both parties that that's not an issue in it they don't even talk about it so both of them coming back they'll just do more of the same and worse well what's needed now to fix the jobs market uh what needs to be done we've already seen monetary stimulus from the federal reserve that didn't work we we still have you know above 10 unemployment what's next they're going to keep trying to pump it up and it's not going to work and then they're going to start trying to give more money you know to keep people just going but again the bottom line of that is the more digital trash they print that's backed by nothing and printed on nothing the weaker the dollar goes the lower the dollar goes the higher gold prices go in silver prices and that's what's happening oh the dollar had a little kick back up gold went down a little bit it's all and then you see what's going on you see what's going on with russia and china and other countries trying to get away from the dollar so now what are they talking about the beginning of this year in january the united states may have a one trillion dollar deficit oh and now they're talking about almost a four trillion dollar deficit four trillion dollars so what i'm saying is the actions that they're taking are only more destructive and as you see other countries trying to get away from the dollar and that happens and the reserve currency goes down this country crashes so do you think there's going to be inflation or deflation i call it drag flation in that you're going to see the economy going way down but inflation going up for two reasons yeah inflation going up because the it's going to take i don't care what country it is the value of your currency is going to go down so it's going to take more of your currencies to buy that product so that's inflationary number two because they've closed down everything there's a supply chain breakdown you're going to stores they're empty shelves are empty i we have construction going on here in one of my buildings we can't get uh pressure treated lumber we can't get electrical equipment prices are going up because they lock down everything so you have a shortage of supply at the same time when your currency is weakening so it's drag flashing the economy is going to go down hard and inflation is going to go up okay last question i have for you gerald what are you looking for what's the next big market mover that the trends general was following is it is it is it is it coveted 19 is it an economic recovery is it the fed is it elections china u.s tensions what is it gerald it's going to be i believe september october we're going to see the markets unravel the way they should there's absolutely no reason for them to be going up only a few stocks should be going up and the whole thing should be breaking apart when the winter starts coming back in people start getting real again it's summertime you have a different frame of mind when all of these schools don't reopen and all these college towns start going bust as crime rates start going up the equity markets start going down that's what we're looking for that's the election's not going to make any difference to the to the equity markets at all very good gerald i want to thank you so much for coming on the show today with your thoughts it's always it's always a pleasure thank you very much and thank you so much for having me on i really appreciate it we'll speak to you again soon thank you for watching kikko news i'm david lynn stay tuned for more you
Gerald Celente
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