Gerald Celente - Highlights 9/12/23
The transcript discusses various topics such as AI, inflation, oil prices, the economy, geopolitics, and more. It also mentions the current state of the world and the challenges faced by society.
💣 Inflation is causing an increase in consumer credit card debt, with U.S. consumers taking on $43 billion of additional credit card debt in the second quarter of 2023.
💰 The price of oil (Brent crude) has risen by $20 per barrel since June 2023, reaching almost $92 per barrel.
💥 The economy is facing challenges, with the job market expected to worsen and interest rates projected to rise.
🌍 Global growth is slowing down, and there are concerns of a recession in Germany and Europe.
❌ The commercial real estate sector may experience a crash, while U.S. home prices continue to rise.
🛢️ The Ukraine conflict and the threat of war are highlighted, along with the involvement of NATO and the United States.
📉 Consumer spending is anticipated to decline as the holiday season ends and economic realities set in.
💼 The banking sector is predicted to suffer, particularly in regards to mortgage payments and office buildings.
💔 The transcript criticizes political hypocrisy and mentions specific issues with China, Japan, Vietnam, Germany, and other countries.
📚 The Trends Journal is recommended as a valuable source of information and foresight on politics, economics, and cultural trends.
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Jim Rickards - Paper Tiger *vocalization*
The story of China’s explosive growth from 1978 to 2008 is well-known.
China’s GDP surged from less than $150 billion in 1978 to over $3 trillion by 2008. China’s average annual growth rate exceeded 10% from 1978 to 2005. During this period, over 600 million people escaped poverty to obtain at least a stable if low-income standard of living.
Between 2000 and 2008, China became the factory to the world providing everything from simple assembly to textiles to world-class automobiles and laptop computers.
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Jim Willie - XRP $120 - speech summary
Summary
Jim Willie shares his insights on the global financial crisis, the future of the US dollar, and the role of gold and XRP in the coming months.
Highlights
🌍 Global distress: Jim notes that people worldwide are facing financial problems, with wealthy individuals also struggling due to the economic climate.
💰 Dollar troubles: Jim discusses how the US dollar’s future is at risk due to its lack of backing and mounting debt, causing other countries to lose faith in it.
🛢️ Oil and the Petrodollar: Jim explains the potential impact of a shift away from the Petrodollar system and the increasing demand for oil in currencies other than the USD.
📉 Derivatives and silver: Jim highlights the connection between silver and the liquidation of Petrodollar derivatives, suggesting that the prices of both metals may rise significantly.
💸 Treasury bond troubles: Jim warns that the demand for US government debt may decline rapidly, putting a strain on the Treasury Bond market and the dollar’s strength.
💰 Central bank gold acquisition: Jim predicts that central banks will acquire gold to restore their balance sheets and stabilize the global monetary system.
💪 XRP’s role: Jim discusses the potential role of XRP in resolving trade payment issues, particularly if the US dollar’s acceptance at ports is compromised.
📉 Central bank insolvency: Jim echoes Yelle Zylstra’s prediction that central banks will face insolvency and can only recover by acquiring gold and raising its price.
💡 The solution: Jim believes that the international financial system will move towards a gold token that is not subject to manipulation, bringing significant changes to gold trading.
🔄 Central bank gold price: Jim predicts that the market will focus less on Comex and LBMA gold prices and more on diverse global gold price posts.
🚫 China’s divergence: Jim explains how China’s efforts to implement social credit and United Nations agendas make it an odd fit within the BRICS nations.
Note: This summary captures the main points of Jim Willie’s discussion but does not reflect his opinions as fact.
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Jim Willie - A bigger crisis than the 2008 crisis is coming *vocalization/ Highlights*
💣 Jim Willie discusses the current state of the banking system and predicts that a major bank failure is imminent, which will surpass the 2008 crisis.
Three big bank failures have already occurred, surpassing the size of the 2008 Lehman collapse.
The Fed raised interest rates in an attempt to help the banks and protect Treasury bonds, but this strategy is causing further problems.
The banking system is supported by money laundering and dirty money, which will eventually be exposed.
As foreign nations refuse to accept the dollar, trade will be affected, causing a shortage of import supply.
Dumping of Treasury bonds by foreign entities will lead to an increase in the Fed’s balance sheet and the potential purchase of gold from various sources.
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Jim Willie * TIDBITS & TEASES / vocalization
Union of South Africa will soon become a toothless player in BRIICS, with ignored voice, maybe expelled eventually. They form a core of African marxist idiots and do not reflect the growing power of African nations.
Saudi soon formal member included in BRIICS, with the UAE joined at hip.
The PetroYuan will pave the way quickly to the New Gold Token. The Chinese Yuan defacto Standard for energy is one of the biggest events in half a century, not well recognized.
Entire nations will remove USTBonds from their banking systems, and no longer invest in USTreasurys. The result will be a USGovt debt default.
The United States risks being declared a rogue nation, subjected to embargo for predatory war and bond market fraud and gold market fraud. The US ports might not move imported shipments unless and until the USGovt is reformed (removed), and the global trade union is respected.
The next chapter will feature eye-popping price inflation and acute shortages. Expect the USTBill to be discounted, and the costs passed along for imported products.
EuroBonds were declared invalid by the USDept Treasury, not for deposit in US banks. They are USTreasurys held in European banks. They have been widely used by European nations to exploit African nations for their assets.
A war has been in progress for almost a full year, between US-based banks and European banks. One weapon used is interest rates, another crude oil price. BlackRock is a European large element on US soil, dependent upon Ukraine money laundering.
Amundi has divested all US$-based investments. They are Europe’s largest asset manager.
No notable purchases of G-7 sovereign bonds have occurred in the last few months, amidst a global strike which recognizes no value in USTBills, as well as astounding fraud in financial markets, even debt default.
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More Downfall
Local Government Funding Vehicles are offering very high interest rates to fund infrastructure. The interest rates are not sustainable.
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FED - RATES, DEPOSITS
Citigroup said NII in its Treasury & Trade Solutions business, which handles operating cash and payments for corporations and makes trade loans, jumped 42% from a year-earlier. The bank said it expects NII to continue to increase this year, which will soften the blow from a slump in deals.
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