All right. Joining us now is Gerald Saliny of Trends Journal, Trends Journal dot com. Great publication, weekly publication, massive amount of information sput up in an online magazine format. Go there, take a look at it always has great covers, great coverage as well, and you can save ten percent off of the code night kN Ight. But joining us now is Gerald and
Gerald. We're just saying this brief time that we had, how spot on you have been with all the predictions, whether it's been financial, and unfortunately it looks like the war stuff as well. I hope you're wrong about that war thing, but certainly you've already been proven right in terms of financial things. Gold and commercial real estate way way way ahead of the curve on all the rest of the people. Yeah, one about a top trends in twenty
twenty four January second a golden year for gold. Yeah, that's right boy. Details And now as we're speaking, gold is what about three thousand, two hundred and you know, twenty five dollars or something like that, two thousand, two thousand, three and twenty half two thousand, two thousand, two hundred, two thousand, two thousand, three hundred one hundred, did it jumped at twenty five. Yeah, yeah, I was good to pump. It'd never been good at numbers. Oh that's fine, but you're good
at trends. And you knew that was coming, and you told us why it was coming. The election year. They're gonna they'll come up with any kind of flimsy excuse or maybe no excuse at all. They're just play these games. And so this last week we've seen pretty much everything except gold and then of course oil. I thought this was interesting. This was this is the headline gerald on the Drudg Report. I took a screenshot of it. I'll pull it up here. I know you can't see it. Drudge Report.
CIA warns are an attack within forty eight hours, Palestinian antifada drills, war, Cabinet meets, embassies evacuated, and then it says oil flashes ninety dollars, And then underneath that it says is Saudi Arabia trying to sabotage Biden? Is Biden trying to sabotage the world with World War three? I mean, what you know, if you can escalate or Middle East conflict may, of course oil is going to go up. But other than oil, gold, has really been the star so far in the last couple of weeks.
Go back to your trends journal. We've been warning, we've been warning about oil prices, bren crude going up now for what a year? Again is one after another, week after week. We've been saying this that you're going to you go back several months ago, a couple of months ago. Yeah, BRN crude selling for what seventy three dollars a barrel? Now we're about ninety one dollars a barrow. And this is just the beginning because Israel is
going, Oh, I love what they say. That that murderer, that genocidal murderer, net Nyao Iran better not attack us because they'll pay the price. Oh, it's okay for you to kill as many Iranians as you want. You could bomb and kill anybody anywhere you want. But how dare how dare you fight back? Yeah? Were the chosen people, and we chose to kill you, so you can't fight back. They're gonna retaliate. They're gonna retaliate. You're gonna see oil prices if oil prices go our warning if
rent cruit HiT's one hundred and thirty dollars a barrow. You're gonna see the economy crash and the equity markets crash because this whole thing has been artificially propped up. People forget again. Tracking trends is the understanding of where we are, how we got here to see where we're going. Go back to twenty nineteen. Oh you mean Germany was on the brink of a recession before this
happened. Oh yeah, that's right. Oh you forgot about all those repos going on, and how they were pumping the Federal Reserve was pumping in all that money into the markets because they needed the dough because the was going down so bad. Oh, you forgot about that. Then the COVID comes is just keep pumping trillions of dollars into the economy, bring interest rates down to zero, artificially prop up this thing to keep the scam going. Yeah,
people forgot all about this. So here we are now. Israel is going to ramp up this war. It is only going to escalate. Back when I was a young man, and maybe you're too young to remember, but I don't know. Once upon a time there was a war going on in Israel, back in nineteen seventy three, and what do the Arab nations do. They put an embargo on the oil, oil prices sky inflation went to the roof. I remember as a guy waiting on lines to get gasoline via
car, like an hour. If they put an embargo on the oil, it's over, it's over. And again we've been warning, warning, warning, warning, that, forecasting, actually that Ukraine is going to ramp up the war against Russia as they're losing, and now it's more bombs away into the fifteen percent of Russian oil and gas has been closed down because of the bombings on Russian oil fields and gas lines by Ukrainians and refineries and things like
that. Yeah, refineries, Yeah, and Israel bombing Iranian oil pipelines and refineries. That's right. So they're gonna this is we are you know? You said, I hope I'm wrong about the wars in front of everybody's eyes. Yes, yes it is. But you know, and I have to tell you, I think this is going to be the last time I'm on your show, because you've been very disrespectful and not talking about Taylor Swift. All right, let's really be stupid. Let's let's be a common American jerk.
We don't know anything that's going on. We know the tailors stood get laid last night. You know, it does a husband. Yep, that's the mentality. The people have no clue of what's going on. Yeah, yeah, that's right, and let me know. Of course, I do remember the Arab embargo, and I remember the inflation that came after that. I remember our first home was a thirteen percent fixed mortgage. Things like that. I mean, crazy stuff that happened. And of course gold went through
the ceiling. Now that was an embargo of the US, primarily because they were angry at the United States, but it had global repercussions for everything. This could be different because rather than it just being an embargo, you know, they could destroy capacity, which you can't just undo that the next day, right if you blow up refineries and oil fields and all the rest of this stuff. Once you change your mind and say okay, we're ready to
stop, you can't just stop it right then. And so this could be even worse than an embargo. I think what happens to what happens to gold and this type of scenario with oil going up in the economy going down, of course, I mean, you know, and what do they do with the interest rates to try to compensate for this, because they're going to want
in the next few months to make the economy look good after that. Biden is, if he's the president, he's more than content to let America rot and go down the tubes, but he wants it to look good coming in the next few months. So if oil keeps going up and more unrest happens and there's more destruction there, what does he do to the economy when all else fails? They take you to war. Yeah, we're going to go
to war before the elections. That's my forecast. Okay, yeah, wow again And these just some of the articles out just in the last couple of days. Here we go, let's see, we'll see. I has been warning that Iran is going to counterattack within forty eight hours. And of course, you know they the CIA, they're so brilliant, they know everything.
Russia and NATO already in direct confrontation. Kremlin just came out yesterday. They go on to say that the Block itself is already involved in the Ukraine conflict. NATO continues to move toward our borders, expanding its military infrastructure toward our borders. In fact, our relationships have now descended to the level of direct confrontation. All right, wow, that that's coming from Russia. That's from
Russia's Kremlin spokesman. NATO continues to fulfill its purpose, which currently, however, in no way contributes to security predictably, predict predictably and stability on the continent. But on the contrary, it is these stabilizing factor m that's coming from them. Then you got another one NATO's summit and Brussels prepares massive escalation of war on Russia. Quote, Europe now faces war on a scale we thought was resigned to history. Wow, that's shooting out of the mouth of
an arrogant little boy. That's Stoltenberg. Yeah, that guy, that's the NATO Security General and arrogant little sob. He goes on that NATO must stand firm on our support for Ukraine. Allies continue to make major deliveries of weapons, ammunition and equipment. Any delay in providing support has consequences on the battlefield. As we speak, Ukraine will become a member of NATO. It is a question of when not if that's Goldenberg that's stolen, it'll become a member
of NATO. Yeah, Ukraine will become a member of NATO. It is not a question of when not if. It's a question of when not if you're ready. Yeah, this is from this fat mouth's mouth. Quote. We know that our security is not regional, it's global. Wait a minute, what's going on between Russia and Ukraine is not global and is not regional. This has been going on since Captain the Great. Yeah, that's right. They are ramping up war on NATO plans one hundred billion dollar fund to
Kiev. Yeah. Yeah. And of course it wasn't just a NATO guy, because I saw that. Lincoln just said that. I said Ukraine will become a member of NATO. And so that means that, you know, that's war. If they're a member of NATO and there's conflict between them and Russia, we are by definition at war worth Russia. You got it? Yeah? And Ukraine drone hits targets thirteen hundred kilometers into Russia. You ready for this one? Polish Prime Ministertusk warns Europe has quote entered pre war Europe.
He goes on to say war is no longer a concept from the past. It is real and it started over two years ago. The most worrying thing at this moment is that literally any scenario is impossible. We haven't seen a situation like this since nineteen forty five. I know it sounds devastating. I'm not exaggerating. If Kiev is lost, no one in Europe will feel safe. And our job is to nurture transatlantic relations and we will support Ukraine. And he goes on and on and on. Well, and I was
just talking about it's begun. I was just talking yesterday about the Estonian Defense Minister and in a sense, what he claims he was doing was trying to tamp down the saber rattling and warmongering of Macron. And he said, well, yeah, Macron says, we got a some people, but it's just advisors, you know, like the Vietnam advisors. It's just advisors. And we've got military personnel from every single NATO nation already in Ukraine. He said,
it's like whoa. And so now this whole thing about bringing them into NATO, that is a signed decoration of war against Russia de facto to do that, and they're right on the verge of doing that. Yeah, prepare for putent pivot to invade US, says Baltic States, NATO must be ready for Russian launching quote an existential war against the Baltic States. It's right here. Yeah, this is from the a dip low mat from the from Estonia. Yeah. Again, it's one after another. They are ramping up war.
These are mentally deranged people. They're evil people. Hey, we just had Easter week, right, Where were all the religions coming out for peace? Yeah, that's right. Where. Well then, whether we've got locked up? Yeah, that's right. Well one person didn't have lockjaw with Lindsay Graham. He was very upset about the fact that they've now lowered the age by two years. I was surprised at how high the age was for them drafting people. It was at twenty seven. They lowered it to twenty five.
But that's not good enough for Lindsay. He said, you got to put more people on the front line. It's like, yeah, right. You know, this guy's paper tiger. You know, he goes into the Air Force Reserve, he never fights anything anywhere. He retires with the rank of a colonel to get a massive pension, and he's telling everybody else to go fight and die to the last Ukrainian and he's thrown temper tantrums about the
fact they're not putting enough young people on the front lines. Again, you know, these are the people are going to be running doing that to us as well. I mean, he doesn't care about Ukrainian lives rather than Zelensky. And they don't care about American lives either. No, and again, look at these are the clowns telling us what said Zoe Lindsey Graham, and they keep quoting his slobby little jerk over and over again. Hey lindsays,
you come out of the closet yet. Yeah, yeah, miss lindsay, Yeah, this is your cover of your Trends journal back in twenty and eleven. Mm hmm. Yeah, nothing's changed, nothing's changed. Yeah, nothing's changed. The banks, the bandits are running the world. It's a criminal organization. We people better grow up and get and do something. You better do anything you can in the name of peace, because they are going to annihilate it some more. You keep again, it goes back to what will
Biden do? Look what happened here. Remember when those three people would kill those reservists that were in on the Jordan Syrian border. A couple of months ago, unth to two ago. Remember that was big news. Oh my god, three Americans were killed. Ooh ooh, bombs away all over a rock and Syria. Yeah, that's right. When all else fails, they take it a wok. That's true. Yeah. Annie Jacobson, who I
talked about this a little bit yesterday. She has written very interesting books in the past about DARPA, about Operation paper Clip, in the beginning of this biological warfare stuff that we have here. She just put out a book about nuclear war because she sees this coming as well, she said, over the years, and she's she's been highly embedded with all these Pentagon people, you know, for her books and everything. But she does have some interesting stuff
there. She doesn't you know, I've not interviewed her because she is something of a limited hangout. But still what she has to say is interesting what is revealed there. But she says, all these people that I've talked to, and Intelligence and the Pentagon and everything else, she says, they tell her we do what we do because we don't want to have nuclear war. Now, you and I don't believe that, but that's the idea. But she's so she did this talking to people what would nuclear war be like?
And you know you're talking about three people dying, a journalists dying at the border. That's nothing compared to the nuclear war stuff. She says, once you launch these missiles, you can't pull them back, and it's going to
be hundreds of millions of people die right away. But she said, the vast majority of people that are going to die aren't going to die from the explosion, as bad as that is, or from the radiation as bad as that is, but from starvation that will come after that, And that is what they have planned for us. It truly is amazing when you look at people like Lindsey Graham, how despicable they are and how lightly they hold everybody
else's lives. Because people like Lindsay Graham, they're going to put him in an underground bunker and feed him whatever he wants. Again, could you imagine being in a bunker and coming out after nuclear war? I mean, life got screwed up after the COVID war. It ain't moretal used to be. Who do want to live after nuclear annihilation? You read, Yeah, the joke will be on him, right. John F. Kennedy's speech to graduating
students at American University in June of nineteen sixty three. It's all about peace. He goes on to say that if we go to war against the Soviet Union, a nuclear war, life on Earth will be destroyed within twenty four hours. That's nineteen sixty three. Life on Earth will be destroyed. It'll be hell on her That's right. And they don't have a plan as I see it. These are just maniacs. They're evil, evil people. By their deeds, you shall know them. It's not like they have a great
plan, have a plan. They're mentally deranged, and I think they's self deceived. I think they're self deceived, like these people who think that they're going to transfer their brain into a robot and live forever. You know. I really do think they've sold themselves this line of a thought and they really think that that's going to come off to some degree. But yeah, they
are sociopaths in the worst sense of it. And if they are able to avert nuclear war, what I see coming is the kind of targeted assassination using artificial intelligence and killer robots and killer drones like we just saw in this well, I don't know if that was what was happening with that attack on that food convoy. But we just had released information about a targeted program they call it Lavender. Then there's another one where's Daddy, where they follow somebody home
and then take out the whole family. That type of targeted assassination using artificial intelligence to track and identify and then take out people. That is ak of terminator robot scenario that may be as bad or if not, in a different way as a nuclear war. I think, yeah, again, whatever it's going to be, it's going to be hell on earth if we don't have peace. Yeah, that's right, you know how it's going to happen. You know again, what is I say to people, what's your favorite war?
Do you like the Peloponnesian War? And I like the war? The One hundred Year War. Wasn't the War of Roses? Lovely? I miss stuff has been going on and it just keeps getting worse. Oh, once upon time they had catapults in or they were shooting with bows and arrows, and again it just keeps expanding, the weaponry keeps getting worse. The main Once upon a time eighteen twelve, Napoleon left Poland with four hundred and twenty thousand. Oops, young men to attack Moscow came back with ten thousand.
Yeah, that's right. I'm saying that they are maniacs. They don't think of the consequences. The weapons that will be used make no difference. It will be annihilation. Oh, by the way, this could change like that. You know how it's the billionaires with billions of dollars toward peace. Yeah, yeah, like that, it'll change. You can't win without money. That's the way of the world. Want to run for office. Oh, they just had the bidenovi here in New York with Obama and Clinton only raised
twenty six million dollars. Yeah, you're a guy from Texas that lived down there before you moved. You remember Beto o'rourck. Yeah, a little clown boy, A little clown boy. Nothing. He only lost the race for governor by spending one hundred million dollars. Yeah yeah, Stacy Abrams another clown over there in Georgia, one hundred million dollars to lose. The only way we're going to win is with money. Can't win without it, and we
need the money for peace else it ain't gonna happen. Yeah, that's right. If the billionaires came out, one after another, one after another. You know, one of my tenants just left was Warren Buffett's son. The Nobel Foundation never gave me a penny for peace, nothing, nothing, And he came to one of my rallies when I had Ralph Nadi here. He treats me like a little guinea from the Bronx. I'm a nobody, you know. You know my father is, don't you know how I am.
I bought on third base and thought he'd a run. They don't give a penny for peace, you know what, get pieces of crap. That's one and I'll call it to their face. Yeah, wells need to come out for peace. That's the only way it's going to change. Or unless the billions of people start donating to peace. That's right. If we don't have peace, it's going to be hell on earth, that's right. Yeah. You can't even get people to sign to show up for your events. You
can't get people to show up in the streets. They won't even show up when they see them shutting the farms down. It's absolutely amazing. People just set back. They're so preoccupied with entertainment and contemplating their navel They don't pay any attention to any of this stuff. They don't speak out. They just hope it's going to go away if they ignore it. Just like all the stuff that happened with COVID. There's no consequences for any of the politicians who
did any of this stuff. There's nothing that's changing, and so these people just keep going and they're relentless. March. Well, let's find out another way that we can lock people down. Maybe we can move this to the
World Health Organization. Everything that they do, they continue to leave that in place, and nobody pushes back against it, even when they're starving us, even when they're locking us down, stealing our cars, everything and life is being planned to be taken away from us, and you can't wake people up. It's amazing. When I was a kid, my father may rest the peace too. Things he said. Tell me, when I get a started learning a little bit and I start complaining, he says, son, take
it easy. People have little minds. Yeah, yeah, that's true, and that's it. Yeah. And then I was about seventeen eighteen years old. We're eating dinner and I'm sitting over there at the table. He goes, you know, son, they say that youth is wasted on the young. He took a couple more bites, and he said, they were talking about you, and I remember when this whole, you know, the millennium generation, when the kids, Oh, the children will change it. You're
so amazing. Oh, my children, they're so special. You remember that? Oh yeah, remember that, maloney. You're a kid. You don't know anything. I'm not the same person I was, and I pulled a lot of crap in my life growing up. I used to kill environmental legislation at the height of the environmental movement back in the nineteen seventies. You know, when I worked for the trade association. All I want to do is make money. You start growing up and learning and you can't stop learning.
I don't know if you ever saw this picture. This is me picking up Ronald Reagan at thirty years old, Chicago, Hilton. Wow. No, I never said that. That's cool. Yeah. I was a number two guy running a major trade association, got a beard and all that stuff. And that was back in the eighties. Yeah, nineteen seventy six. It
was two days before he's announcing he's running against Gerald Ford. Wow. I put on a brunch fit him in sixteen of our Board of Directors before he spoke to a group of about three thousand people with all the major media there. I've been with presidents, prime ministers, and princess I've been on the other side. Wouldn't know what I know if I wasn't on the other side. So I'm saying it's a learning process and people have to keep learning and
keep doing. Here's people say, what can I do? Get in the best shape you can physically, emotionally and spiritually, and try to do something positive in any way you can every day and help those who need help. That's great. That's the only thing I could say. Yeah, before you came on, I was just talking about a woman eighty nine years old. She went to a clinic here in Tennessee. She's looking at many years in
prison now because of this face Act. But she had been shipped to a concentration camp by the Communists, she and her family, and she kept saying that, you know, if only some of the people would have stood up and done something. But she says, so I'm going to do that. You can't stand up anymore. She's in a wheelchair, so she's going to go to prison if necessary because she's going to make a stand with this stuff. They go this abortion clinic, stand there to stop these helpless kids from
being murdered, and they sing hymns and they cart her away. Now the Feds want to put her in prison. At eighty nine years old. She said, I've seen all this kind of stuff, and she said, if we don't stand up, it's up to each and every one of us to stand up. That's what she's learned in her life of eighty nine years. She's learned that she's got to take a personal stand, even at that age and being frail, and if she can do that, so can the rest
of us. Actually, yep o, look, I you know, I fight, you fight, you know, and fighting I'm the warrior for the Principiece. Yeah, and this is real. War is totally disgusting, genocidal act in front of everybody's eyes. Could you imagine if the people in Gaza were Jewish and the Palestinians were doing this to the Jewish people. Oh oh, owh terrible. It's okay, they don't count the only Palestinian. And I'm tired of this crap that you're the chosen people and don't tell me that
God gave you this land. I don't believe in your God. I'm not telling you to believe in mind. Don't you tell me, I got to believe in yours. There's a fairy tale. You stole the land, and you keep stealing it. They just stole since the Hamas attack, almost seven thousand acres of land in the West Bank. They just stole another seven thousand acres in the name of settlements. Well, when you look at their religion, I don't think it is even their religion that they're supporting me, because
you look. You look at Ben Shapiro, right, he goes on with Joe Rogan, and he says, I don't believe any of that stuff about the parting of the Red Sea or anything, because but I want the land. That type of thing, you know, that's what it's about. I'll, you know, forget your keep your Bible. You know, Moses is a liar. But I want that land that I was promised. And so we see that over and over again. The Orthodox Jews who do believe that
don't want to have anything to do with political Israel. They don't want to have anything to do with the military or this war. So there's a real amazing difference to me with the people of Israel that the people who believe the Bible or they're you know, the Moseses, so they don't want to have anything to do with this. And yet the people who cynically say, I don't believe any of that. I just want the land I want, you know, Jared Kushner, Hey, we got a lot of beachfront property we're
going to have pretty soon. And they have them isolated. As we've seen, this is a deliberate program of starvation and keeping them there. And I mean this is not only is it starvation in a concentration camp, but they're bombing them at the same time they're starving them. It's amazing. Yep. So they they've overplayed their hand for a tremendous amount, and public opinion is turning against them globally. I think I'm telling they what they've done to themselves.
This is going to be the beginning of the end of Israel. You know again, I've write to you before. The Balfour Declaration made up in two thousand, excuse me, nineteen seventeen, brought to you by the rough Childs. You know that it was in our the magazine, the Trends Journal, and if I have the copy over here, but I got so much stuff here. He uh, well, he couldn't have a clear delineation. I think. Let me to you quickly. This is from the Trenchs Journal
two thousand and six. Regardless of what England's reasons or intentions were, self serving or otherwise, Crusades two thousand, which we have now, was set in motion by the nineteen seventeen Balfour Declaration that laid the foundation for Israel. This is the quote. His Majesty's government views with favor the establishment in Palestine of a national home for the Jewish people, and we will use our best endeavors to facilitate the achievement of this objective. Hey, wait a minute.
The murderers from the royal family, his majesty, where his son never sets on the British Empire. Who are you to say what should be going on in Palestine? Hey slunt, he shut your mouth. It's the end of World War One. We threw the Turks out of there. We're in charge now. We slaugh to people all over the world and we'll tell them what to do. And you listen to his majesty because you're a nobody. So his majesty declares, they have no right to this land. It's stolen in
front of everybody's eyes. With the United Nations, which it was a joke and still is, declared in nineteen what forty seven, forty eight, forty seven that this land goes to Israel, they were a grand total of fifty six United Nations countries. That was it. That was it. You got a bunch of clowns declaring that this land is you're giving it to these people. Who are you to do this? Well, they're also the ones who
sow the seeds for a perpetual conflict. Even with the Arab nations, you know, you had these ancient nations of Persia, Babylon and the Meads, and they were kind of represented by the Iraqis, the Iranians, and the Kurds, and they split that up mostly along the lines. You know, the Persians get Iran and the Babylonians get Iraq, But then they keep the
Kurds there and split them between the two. They don't give them their own separate nation, even though they've been an ethnic, separate ethnic group all the time. So that was the seeds of a lot of conflict right there, and so they were doing that type of thing all throughout the Middle East.
But you know, we look at this Gerald, as you point out, they're trying to push us to war, and there's no question about it, as all of these leaders bragging about the fact that they are going to, you know, lay down this essentially a declaration of war by bringing Ukraine into NATO, and we get the sense of what's happening with us to try to do what we can to push against it. That's a very important thing for us to try to do it. It's difficult to get our heads around what
it is that we can do with it. But let me ask you this. You know, as we were talking about some of the economic stuff at the beginning, talking about gold and other things, you know, when you look at comments from people in the past, I know Martin Luther said, if I knew that the world was going to end tomorrow, I would still plant a tree today. And in a sense, we all have to kind
of take that attitude. As gloomy as this looks, we have to do what we can to work for peace, but we also have to look to see what is going to happen in terms of, you know, what is going to happen in terms of money and gold and these other things where we have to provide for ourselves and for our family. Let's talk a little bit about the commercial real estate thing, because you've been way out in front on that and now that is becoming a very repetitive theme throughout all the financial and
mainstream media of what is happening with commercial real estate. And of course they haven't really talked about the knock on effects of what's going to happen with the banking industry that you've talked about the small banks. We've talked about that in the past. But then there's some other issues as well, and that is what is it going to do to the cities and to the people that are living in them in terms of the fact that these big commercial real estate properties
were a huge part of the tax base of these big cities. What's that knock on effect going to look like? It's going to create the worst banking crisis in written history. It's going to bring down everything. Here the numbers, the data place called Portland, Oregon office vacancy rate twenty nine percent before COVID. Horton was a hopin hot town. People having a great time dead New York City. Yeah again, I'm a guy boring the brugs and I'm
a New Yorker. I talked to you young people. The women are afraid to go out at night. The city's closing up at twelve o'clock at night. We used to go out at one o'clock in the morning, by the way, back in the day where I am. And you've been up here in Kingston. Yet young people are flooding up here getting out of the city. It's a whole different vibe, filled with homeless migrants and people out of their mind. You want to take the subway to night in Calcutta. Yeah,
So going back to the office building bust. According to the data, the office vacancy rate, now these are empty buildings. The office vacancy rate of the top cities in America is at twenty percent. Delinquencies on taxes now in New York City have it an all time high. They're not paying the taxes, they're running people, they're running out of money. Yeah, that's right. So this is going to bring down the cities because they're not getting
the tax money from the buildings. That's right, This crisis is going to be again. These buildings, by the way, oh good to turn them into house and no, you're not. The buildings built in the last fifty years are non convertible again according to the data, they're just big empty glass steel structures. You don't have rooms. And you know it's a whole different thing. You can't turn them into it. It costs more to turn them into it than to knock them down and rebuild them. So this is going
to bring down the banks, and you're ready for this. Here this is from the Wall Street Journal two days ago. Fund giants eyed over bank stakes. See that. What does this mean? Banking regulators are scrutinizing whether index fund giants black Rock, Vanguard, and State Street are sticking to passive roles when it comes to their investments in US banks. You're ready. These three firms manage more than twenty three trillion dollars in total, with much of its
funds that passively mimic indexes such as the S and P five hundred. Blackrock and Vanguard each you ready hold more than ten percent of the shares of many banks. Two companies owned ten percent. You got it? Well, yeah, and this thing goes down. The bigs are going to the whole thing is a scam. It's a scam, and it's not going to be able to be kept up. It's it's, it's, it's, it's, it's one after another. When you look at the data here this time last year,
Silicon Valley had bust Bank and Guard bust. Then first Republican signature, Oh my god, the stock markets went into a frenzy. Gold prices went. That was three banks. The latest data is showing two hundred and eighty two banks are in danger of collapse because of the commercial real estate loans a one hundred times more. Ye find us information, They're hardly reporting it,
and no one is saying the consequences of what's going to happen. And by the way, I suggest for everyone that wants to find out real good information about the criminality of the banking system, you go to Wall Street on Parade. Wall Street on Parade by Pam and Russ Martin's what they're putting out. No one is, no one is they about the criminality of the JP Morgan Chase gang five felonies, convicted of five felonies. Get deep into this. Yeah wow, Yeah, I'm looking at one of the reasons I wanted to
bring up the consequences for cities. A recent zero Hedge article, they went through New York, Pittsburgh, Portland, and LA. What you were saying about Portland, you know, being the worst, absolutely right, as they said, the highest office vacancy rate in the nation at thirty percent or more. In Pittsburgh they said twenty seven percent if you include the subleases. In New York, it's rapidly grown. They said since COVID, the vacancies in
general have grown by twenty percent, grown by twenty percent. But in Manhattan, as they point out, seventy percent growth there. And in LA they said, developer is going to build this brand new skyscraper, but instead this was so bad it's going to be a sixty one story office building. They said, Now we can't do that. Instead, they tore down what they had already built, turn it into a parking lot, and put EV chargers out there. Yeah, and this for all people, this is their future,
This is their fallback position. These electric vehicles and chargers and things like that. They point out, as you were saying, they said, it's just not practical to convert these things to anything else, and so that's one of the reasons why they tore it down and turn it into a parking lot with EV chargers on it. And the office vacancy rate, by the way,
in New York City is twenty three percent vacant vacant. Then you look at the office occupancy rate, that means how many people going back to work that are occupying the buildings according to Castle Systems with a K fifty percent. Wow. Yeah. Now all the businesses that depended on commuters, they're going out of business too. M h. And what the COVID war did. It destroyed small businesses to begin with, because hey, Walmart, you could stay open, but hey you mom and pops you got to close down.
Yeah, all the bigs stay open, but you got to close down. So the COVID destroyed it is going to destroy it even worse. I'm telling you, David, we are in a crisis the likes of which we've never seen, and the smart people know it. That's why you're seeing gold prices go up. Oh again. I used to say the twentieth century was the American century, but the twenty first century will be the Chinese century because the
business of America has been worn. The business of China's been business. That was until China launched the COVID War in January twenty twenty, you know, the Chinese Lunar New Year, the year of the rat. They closed down the country for three years with zero COVID policy. China's economy boomed when the murderer's little lying piece of crap, Bill Clinton, brought him into the World Trade Organization. That officially became in on two weeks after nine to eleven.
So nobody paying attention to that. They're GDP skyrocketed with every booming economy. They're over built. It happens all the time. The economy was overbuilt in the real estate sector, which, by the way, in China accounts for almost thirty percent of their gross domestic product. Wow, yeah, the way American manufacturing eleven percent, that's all we have. Wow, seventy percent is consumer. Going back to China, it was overbuilt. Who's gonna have bust?
You always have a downturn. But the COVID War made a bad situation worse, destroyed the lives and livelihoods of hundreds of millions of people. Now let's go back to gold. The people in China know how bad it is. Retail sales of gold so far this year in China increased by twenty four percent. Wow, So the people that know what's going on are buying gold,
as are the central banks. They know how bad this is. The whole thing was artificially propped up with money back by nothing and printed on nothing. We are our debt is in increasing a trillion dollars every hundred days. Yes, we're almost thirty five trillion dollars in debt. Yeah. Yeah, they're working to take the whole system down. I mean, what are you talking about. I remember when you're talking about, well, Walmart can stay open, but the mom and pops can't. And that happened to us,
and we had a small business. We had mom and pop video stores, and we had a storm come through and we never closed for any reason whatsoever. The only time that we closed was when power was gone for about four days after a hurricane came through and nobody could watch anything anyway, so we didn't open. But we had one of our six stores had in that neighborhood.
They had power, so we went back in and we opened that up, and then we had the cops come in in the afternoon and tell us that we had to close down, and so Walmart across the street has opened up. Well, you have to close down because they're coming here. I said, Well, if they're coming to Walmart, you know, I suppose you don't want people traveling, but you're going to let them go to Walmart,
but not to us. That experience that we had. That made me so outraged when I saw Trump doing that in twenty twenty, because I'd lived that experience already and I know exactly how these people are. The utter contempt that they have for us, whether it is with war or economic warfare, is just amazing. And even though you know it, when you experience it's a whole nother thing, truly is amazing. Yeah, people call them bureaucrats. I call them bureau craps. Yeah, and that's who the people are.
The people out of the bureau craps. They can't get a job in the real world. They suck into the political system and they become the most arrogant people out there. That's right. Well, you know, I've said many times for people you can kind of forget about what's going on in Washington. You're not going to be able to really do too much about that. You look at these big cities, and it's going to get really, really
bad when they start losing this money. As talking about in this article, New York City's got a shortfall already of one point one billion dollars from these vacant offices. In Boston, these office buildings are twenty two percent of their revenue. Most of that is going away. So what are they going to do. They're going to get really nasty trying to, you know, beat the dead horses that are out there, the middle class and the main street
businesses and everybody else. They're going to be coming after them big time, aren't they. Yep, Yeah, yep. And they're going to raise again. The bigs don't pay taxes. They're going to keep stealing more of our money. Yeah. Look what happened now in New York. If you drive down there, you got to pay fifteen bucks if you go if you're driving and you go below sixtieth Street. Yeah, oh yeah, yeah, absolutely, it's so stupid, so stupid. They made all these bicycle lanes in
the city. What are you kidding me? What are you kidding me? He was bumping a bumper traffic before. Yeah, you know, bicycle lanes in a city like this, Oh, bus lanes. I mean they did. You got imbrazils again. You keep saying they're planning it. They're not planning it. These are morons. They had no plans. Look at a little clown that was running it before. This other moron, this other arrogant guy Adams in there now. Yeah, Warren William Julia No, no,
I'm changing my name to the Blossio to get the Italian American vote. Look at that little clown that destroyed the city, well, one after another, bloom and dal Bloomberg rather what arrogant? What arrogant? Oh? I forgot Giuliani. Look at the clowns. It's a clown show for all to see, who are in death, dumb and blind. Yeah, they think it isn't going to affect them. You mentioned Giuliani. Yeah, he rode all
of this Rico statute stuff, which is the violation of due process. He wrote all that stuff to UH as part of his career, and now he's being charged with that. I mean, he gotta gotta love the irony and the payback of this kind of stuff. These people who think they're going to get away with these crimes forever, and eventually it comes back and grabs them big time. But it's yeah, when we look at what's happening with that,
I mean people who are living in the cities. As you point out, everybody's fleeing New York City and getting out in New York State or into other states because it's going to really really get bad in the cities. And where are all of the squatters going? You know, that's what I call They call them newcomers, the illegal aliens. I want to call them newcomers. I call them squatters because I think that's a better description of what's going
on. And most of them want to go to New York when they interview them at the border. No, it's heartbreaking. And by the way, here's the other part on on this so called immigration. Why they letting and Wall come in mentioned Walmarts got any of these stores? I never go into Walmonts. I can't stand again. I grew up at a time when when department stores were beautiful, you know, the wood and tell, gorgeous places,
and now there are factories you're walking into. Anyway, you go into any of these places, whether it's Target, Marshalls, Home depot, lows help wanted, help wanted, help wanted, help wanted. They want cheap labor. That's why they're bringing in the people. They can't get enough cheap labor. This is this is it. I call this plantation workers of slave land here. This is better than the old plantation system because back then you had a house of and feed them. Now you're just give them enough money
and get the hell out of here. Come back tomorrow. They get out of here, come back tomorrow. Yeah, that's why they're let By the way, I'm not making this up. Germany, they're boasting that they have a labor shortage and by letting these migrants come in, it's helping their labor shortage. We don't have a labor shortage up there are out there over there. They want sheeap labor. The big corporations only want sheeap labor so the
billionaires could get rich. And the story. Yeah. Yes, Amazon, with their experience, they said, well, we're going to have artificial intelligence and it's going to know what you're putting in your cart. We've got our stores just walk out, was the thing they were saying. Well, it turns out that they've got a thousand Indians who are watching people shop totally this
stuff. They say it's artificial intelligence, but it's a thousand Indians across the other side of the world that they're paying nothing to to sit there and watch Americans shop and total it up and then pretend that it's artificial intelligence. You know, I mean it truly is amazing what these people are doing, is it. But of course it's not going to end with that. You know, whether they use AI or they use people living on the other side of
the world, they're not going to be using Americans. And so all this stuff that they're doing in terms of newsome and raising the minimum wage. Already you see people being laid off, you see the price is going up. But I really my take on what do you think I might take on it is the real thing that is happening. Of course, he's got a restaurant that he's part owner with co owner with and they don't have to raise the
price of their minimum wage. I'm looking at this and since they're focusing on chains, I'm thinking that they want to put more pressure on the chains that have already been looking at replacing a lot of workers with automated robotic stuff and the fast food assembly line, you know, food type stuff, and maybe that's what he's really trying to do. He's really trying to pay off a
Silicon Valley and get the ball rolling on that type of thing. What do you think, Like you said, sure, arrogant little yeah, you know, going back to the migrants. Look at Tyson bragging that they had just hired all these migrants, right, yeah, yeah, So here's one of my books. This is international best sell at Trends two thousand. I'm going back to immigration. You're talking about the Indians from India doing all the work.
The Internet revolution began around nineteen ninety four. They needed a lot of labor. As this Internet revolution is expanding, They invented a thing called H one b VSUS. I wrote about this in detail to bring in all the cheap labor because the Silicon Valley didn't want to pay the Americans the money. It was all about cheap labor. Vietnam War era Prime Draft meet that's when they started changing the immigration laws under LBJLB Jerk over there off over there in
Texas. That's when they started changing the immigration laws because they're drafting all of the young men and they needed cheap labor. You look at how America's income declined from like nineteen seventy down as all the more cheap labors coming in. It's a supply and demand issue, simple as that. M hm. And that's what they did, and they're doing it again. They don't want to pay us anything. They want as much cheap labor as they could bring in.
Yeah, I agree. I agree. And of course they want friction with people groups. I think that's another aspect by ramping it up this quickly. I think they want friction. They know that there's going to be a lot of economic unrest, and they want us fighting each other because they're different ethnic groups and languages and all that. They want us fighting each other rather than coming after them. I think that's an aspect of it too, don't you. I don't know. Again, I don't. They don't think ahead.
You know, I was the assistant to the secretary of the New York States Senate. I told you that, Yeah, these are the dumbest. These are the people I hated in high school and college that wanted to be class present, the head of the student council. That's exactly it. That's exactly it. Yeah, there are a bunch of little jerks, still nobody, and look at them. Who do you look up to? You little Yeah, I'll play Chucky Schubert. Look at the little jerks. They don't
have the brains to look ahead. I'm telling you. They all they think about is what how can I get more power? And how could I get more money? That's all they're concerned about. They could give a damn about you. I agree, power and money. Yeah, I think there are some people behind them that are really running the show. And the people behind them and the ones now the people I mentioned that the people that I mentioned are the are the the black rocks, the vanguards the state streets. Mm
hmm. Yeah, they're the ones that the Prince of Peace drove that out of the temple. That's right, that's Susan charge, that's right. Oh, and he became violent. He became violent because he knew what they were doing to the people. And well, and then three days later he's on the cross. Yeah. Well, it looks like they may have a reckoning coming, you know, from what's going to happen with us collapse of the commercial real state. As they say, be careful what you want because you
just might get it, they might be getting a payback. Real good and hard. Always great talking to you, Gerald, thank you so much for joining us, and again trends Journal dot com. You can save ten percent off with the code night and it's all. Gerald has been light years ahead of everybody with what is happening with commercial real State gold and other things. I just hope you're wrong about this war stuff. But thank you for joining us. Thank you, thank you for you due. I appreciate being on.
Thank you. Let me so you the day. The Night Show you can listen to with your ears. You can even watch it by using your eyes. In fact, if you can hear me, that means you're listening to the David Knight Show right now. Yeah, good job. And you want to know something else, You can find all the links to everywhere to watch or listen to the show at Thedavidnightshow dot com. That's a website.