Gerald Celente April 24, 2020, TrendsJournal, #GeraldCelente
24 minutes, auto-generated subtitles.
| Min | Sec | Text | |
| 0 | 7 | hi this is Gerald Celente it’s Friday | |
| 0 | 11 | April 24th 2020 and here at Summit | |
| 0 | 15 | today’s trends in the news on the market | |
| 0 | 17 | front over there in Asia down over there | |
| 0 | 21 | in Europe down but here in the USSA | |
| 0 | 24 | that’s gone the Communist Chinese way | |
| 0 | 27 | where your leaders will tell you what to | |
| 0 | 30 | do what leaders a bunch of lowlife | |
| 0 | 32 | politicians well guess what the markets | |
| 0 | 35 | are up and you know when they really | |
| 0 | 38 | peaked up just like they’ve done on a | |
| 0 | 41 | lot of Fridays before right in the last | |
| 0 | 44 | few minutes of trading that’s right | |
| 0 | 47 | yes trading days ending the markets are | |
| 0 | 50 | going up couldn’t be that plunge | |
| 0 | 52 | Protection Team rigging the markets | |
| 0 | 55 | could it no no no stocks rose on Friday | |
| 0 | 58 | as oil prices clawed back even more of | |
| 1 | 2 | the historic losses from earlier in the | |
| 1 | 5 | week | |
| 1 | 6 | while investors weighed the prospects of | |
| 1 | 9 | a potential coronavirus treatment you | |
| 1 | 12 | know what that is yeah got it | |
| 1 | 16 | what else did why else do they go it | |
| 1 | 18 | well the major averages have rallied | |
| 1 | 20 | more than 25 percent since late March | |
| 1 | 22 | with the s&p500 reach tracing about half | |
| 1 | 26 | of his downside move from an all-time | |
| 1 | 29 | high of Feb from February 19th February | |
| 1 | 34 | March April look at this in two months | |
| 1 | 37 | from the high and now it’s bounced back | |
| 1 | 40 | a little bit but look what’s going on | |
| 1 | 43 | this is really big the markets a rigged | |
| 1 | 46 | as I see it and so do by the way those | |
| 1 | 50 | our of our writers there Gregory | |
| 1 | 53 | Mannarino it was the stock market cat | |
| 1 | 56 | this whole thing here on Friday | |
| 1 | 58 | President Trump signed a four hundred | |
| 2 | 1 | and eighty four billion dollar relief | |
| 2 | 3 | bill to boost small businesses and | |
| 2 | 7 | hospitals you look at the number it | |
| 2 | 9 | boosted hospitals really small and you | |
| 2 | 12 | know where the money’s going | |
| 2 | 13 | it’s not going to small businesses quote | |
| 2 | 18 | the market is getting used to the fact | |
| 2 | 20 | that maybe it’s going to be late May | |
| 2 | 23 | maybe June before the economy is reopens | |
| 2 | 26 | and Daniel Deming from kkm Financial so | |
| 2 | 30 | the question underneath this market is | |
| 2 | 33 | whether there is enough stimulus enough | |
| 2 | 35 | liquidity to continue to support this | |
| 2 | 37 | market structure at this point the | |
| 2 | 40 | market appears to be OK with that but if | |
| 2 | 43 | we all of a sudden get into the middle | |
| 2 | 47 | of May and it looks like July or August | |
| 2 | 49 | before reopening that will be another | |
| 2 | 52 | issue for the market to deal with the | |
| 2 | 55 | markets are OK with that the markets to | |
| 2 | 58 | deal with if you get this in your head | |
| 3 | 0 | it’s bigger than the markets it’s all | |
| 3 | 4 | the people that are out of work the | |
| 3 | 6 | hundreds of millions because of all the | |
| 3 | 9 | lowlife parasites Polly tix politicians | |
| 3 | 16 | the people that are mentally deranged | |
| 3 | 20 | psychopaths sociopaths pathological | |
| 3 | 24 | liars running and ruining countries all | |
| 3 | 27 | over the world but their concern about | |
| 3 | 29 | what the markets will think and what | |
| 3 | 35 | else do we have staying right with the | |
| 3 | 37 | markets from the financial times to | |
| 3 | 40 | stories investors baffled by soaring | |
| 3 | 43 | stocks in monster depression the | |
| 3 | 47 | divergence between the high-flying stock | |
| 3 | 49 | market and the dying economy is so | |
| 3 | 51 | extreme is leaving many analysts | |
| 3 | 53 | scrambling for explanations | |
| 3 | 55 | what’s scrambling for an explanation the | |
| 3 | 58 | markets a rig to plunge protection team | |
| 4 | 1 | the Federal Reserve you see where the | |
| 4 | 4 | money is going | |
| 4 | 5 | you forgot about the repos the trillions | |
| 4 | 9 | of dollars they’re pumping into this | |
| 4 | 11 | thing and then there’s another one from | |
| 4 | 13 | the Financial Times US equity valuations | |
| 4 | 16 | reach near to decade to decade high | |
| 4 | 21 | after rally u.s. stock markets have | |
| 4 | 23 | surged over the past month despite the | |
| 4 | 26 | damage | |
| 4 | 27 | to corporate profits from coronavirus | |
| 4 | 30 | pushing one popular measure of equity | |
| 4 | 32 | valuation to its most expensive in | |
| 4 | 35 | nearly two decades the markets are way | |
| 4 | 41 | overvalued one industry after another | |
| 4 | 46 | going down again the markets have no | |
| 4 | 49 | relationship to reality it’s all a | |
| 4 | 52 | rigged game oil ends volatile weak lower | |
| 4 | 57 | despite nearly 50 percent jump Wow a 50 | |
| 5 | 0 | percent jump over three days yeah | |
| 5 | 3 | jumping from what it was on negative on | |
| 5 | 6 | Monday crude prices rose Friday is | |
| 5 | 9 | energy producers continue to cut number | |
| 5 | 12 | of rigs drilling for oil in the United | |
| 5 | 14 | States and Canada both Brenton US crude | |
| 5 | 18 | benchmarks however remained on track for | |
| 5 | 20 | the third straight week of losses as | |
| 5 | 24 | global production shut downs failed to | |
| 5 | 27 | keep pace with the collapse in demand | |
| 5 | 30 | caused by the corona virus pandemic it’s | |
| 5 | 36 | not caused by the corona virus pandemic | |
| 5 | 39 | it’s caused by political parasites who | |
| 5 | 43 | close down the global economy and they | |
| 5 | 45 | keep repeating this line they blame it | |
| 5 | 48 | on the virus rather than the sick people | |
| 5 | 51 | and to be equal in these days me too | |
| 5 | 55 | don’t go after me the sick bastards and | |
| 5 | 59 | bitches that have destroyed the economy | |
| 6 | 3 | and the prostitutes the media whores | |
| 6 | 12 | that keep selling fear and hysteria so | |
| 6 | 18 | US oil closed at $16.95 up 50% 21 bucks | |
| 6 | 29 | for Brent crude that investors have sold | |
| 6 | 35 | again oil aggressively since early March | |
| 6 | 38 | in response to a 30% collapse in demand | |
| 6 | 41 | due to the pandemic not to the pandemic | |
| 6 | 44 | due to the politicians so that’s what | |
| 6 | 47 | you do by the way in trend forecasting | |
| 6 | 48 | you look at the words you look at the | |
| 6 | 50 | understanding because you could get very | |
| 6 | 53 | very taken off track by most of the | |
| 6 | 55 | people do by buying into the you got it | |
| 7 | 2 | well sure oil storage is currently | |
| 7 | 5 | nearly filled at 85% capacity and what | |
| 7 | 11 | else do we have | |
| 7 | 11 | o gold gold went down a little bit but | |
| 7 | 15 | it’s still over that seventeen hundred | |
| 7 | 18 | dollar mark and you know my forecasts on | |
| 7 | 20 | it and by the way not to forget you want | |
| 7 | 24 | to know where it’s going what’s gonna | |
| 7 | 25 | happen all that’s what’s going next | |
| 7 | 28 | webinar that’s right | |
| 7 | 30 | sign up now space is limited next | |
| 7 | 35 | Thursday | |
| 7 | 36 | that’s right April 30th that’s right a | |
| 7 | 40 | webinar it’s limited you better sign up | |
| 7 | 44 | now because I get a lot of questions I | |
| 7 | 46 | cannot answer them this is an | |
| 7 | 49 | opportunity for you to ask me questions | |
| 7 | 51 | it’ll be I’ll give you some insights | |
| 7 | 53 | some trend forecasts and we’re taking | |
| 7 | 55 | questions and answers so remember next | |
| 7 | 59 | Thursday April 30th a webinar and also | |
| 8 | 2 | don’t forget to spread the word of truth | |
| 8 | 5 | where we are the truth in trends and | |
| 8 | 9 | that is our goal our work we only put in | |
| 8 | 16 | the facts none of this political | |
| 8 | 20 | hysteria or I should say Prestitutes | |
| 8 | 25 | stereo so us gold futures settled it’s | |
| 8 | 29 | one thousand seven hundred and thirty | |
| 8 | 30 | five dollars an ounce for the week | |
| 8 | 33 | bullion has risen more than two percent | |
| 8 | 35 | again we’ll give you our forecast where | |
| 8 | 37 | it’s going bottoms and tops gold the | |
| 8 | 40 | safe haven investment during times the | |
| 8 | 42 | political financial uncertainty tends to | |
| 8 | 44 | benefit from widespread stimulus | |
| 8 | 45 | measures from central banks because this | |
| 8 | 48 | is widely viewed as a hedge against | |
| 8 | 50 | inflation and currency debasement that | |
| 8 | 52 | is from CNBC | |
| 8 | 55 | Oh kidding blow me away never would have | |
| 8 | 58 | figured that out again go back to our | |
| 9 | 1 | trends alert June 6th 2019 gold bull run | |
| 9 | 8 | has begun gold was $400 less back then | |
| 9 | 15 | and where else do we have here global | |
| 9 | 17 | economy hit by pandemic fight this is | |
| 9 | 22 | The Wall Street Journal | |
| 9 | 23 | it goes on today going saying the | |
| 9 | 25 | surveys on Thursday suggest government’s | |
| 9 | 29 | have effectively closed parts of the | |
| 9 | 32 | economy where face-to-face interaction | |
| 9 | 35 | is unavoidable such as restaurants and | |
| 9 | 37 | bars and activity has tumbled in parts | |
| 9 | 41 | of the economy less directly affected | |
| 9 | 44 | they go into the service sector the | |
| 9 | 46 | numbers are in the deep minuses this has | |
| 9 | 52 | never been seen before | |
| 9 | 53 | when you look at the surveys like a IHS | |
| 9 | 58 | market surveys in the eurozone the index | |
| 10 | 2 | dropped to 13.5 percent in April from | |
| 10 | 6 | 29.7 in March over 50 is growth under 50 | |
| 10 | 12 | is decline again the dad is in you’ll be | |
| 10 | 15 | in your trends journal again it’s a | |
| 10 | 17 | weekly no other magazine like it and | |
| 10 | 20 | your subscribers know it European labor | |
| 10 | 25 | markets real 18 million and the numbers | |
| 10 | 28 | came out we got 26 million already in | |
| 10 | 31 | the United States out of work 18 million | |
| 10 | 33 | in Europe and the numbers are much worse | |
| 10 | 35 | but the good news because you know | |
| 10 | 39 | Cilente be more positive solving a big | |
| 10 | 42 | positive right American billionaires | |
| 10 | 45 | have gotten two hundred and eighty | |
| 10 | 47 | billion dollars richer since the start | |
| 10 | 49 | of the covid nineteen pandemic isn’t | |
| 10 | 52 | that great huh yeah and you look at the | |
| 10 | 57 | data yeah in fact since 1980 the taxes | |
| 11 | 2 | paid by billionaires measured as the | |
| 11 | 4 | percentage of their wealth dropped | |
| 11 | 6 | seventy-nine percent | |
| 11 | 8 | and that’s according to the Institute | |
| 11 | 9 | for Policy Studies so it’s socialism for | |
| 11 | 14 | the rich keep stealing our money keep | |
| 11 | 17 | giving it to them – away with the | |
| 11 | 19 | antitrust laws make them bigger make | |
| 11 | 23 | them bigger cuz all we are are workers | |
| 11 | 25 | in slavelandia as others cave | |
| 11 | 29 | several public companies that took small | |
| 11 | 32 | business loans are not giving back the | |
| 11 | 35 | cash this is from CNBC despite outrage | |
| 11 | 39 | on Main Street and new pressures from | |
| 11 | 42 | the Treasury Department this week | |
| 11 | 43 | several publicly traded companies that | |
| 11 | 47 | receive payroll relief funds from the | |
| 11 | 49 | Small Business Administration oppose | |
| 11 | 51 | demands to return the cash you got it | |
| 11 | 54 | all this money’s going to the big get | |
| 11 | 57 | thrown out little crumbs to the people | |
| 11 | 59 | and the story publicly traded companies | |
| 12 | 4 | what are we giving our money to publicly | |
| 12 | 6 | traded companies for what do I care if | |
| 12 | 9 | the airlines go bust United Airlines | |
| 12 | 11 | American Airlines they treat you like | |
| 12 | 13 | crap when they’re flying when they’re | |
| 12 | 15 | making a lot of money they put in their | |
| 12 | 17 | pockets when they lose money they steal | |
| 12 | 20 | it from us because of the lowlife | |
| 12 | 23 | politicians imbeciles and morons call it | |
| 12 | 27 | campaign contributions adults call it | |
| 12 | 31 | bribes and payoffs hey American goes out | |
| 12 | 35 | a new company takes his place hey what | |
| 12 | 37 | happened to Pan Am | |
| 12 | 38 | TWA Allegheny all gone the bigs gobbled | |
| 12 | 42 | up everything and you could thank that | |
| 12 | 45 | other slimy little lowlife that | |
| 12 | 47 | everybody loves Jimmy Khanna that’s | |
| 12 | 52 | right he’s the one that deregulated the | |
| 12 | 54 | airline industry when I was a young guy | |
| 12 | 56 | flying over a hundred and fifty | |
| 12 | 57 | different airlines and food you know | |
| 13 | 0 | what they used to compete on not prices | |
| 13 | 2 | no they’re all about level service it | |
| 13 | 7 | was fun to fly not anymore | |
| 13 | 10 | why we bailing them out because the | |
| 13 | 13 | politicians are stealing our money and | |
| 13 | 16 | giving it to them yet got it a new | |
| 13 | 21 | report shows | |
| 13 | 22 | severity of covid 19 impact on hotel | |
| 13 | 25 | industry 70% of employees laid off a | |
| 13 | 28 | furloughed 8 and 10 hotel rooms empty | |
| 13 | 32 | drop in tourism rocks southern Europe | |
| 13 | 38 | the past month the hotel in Spain’s | |
| 13 | 42 | third largest cities have suffered 95 | |
| 13 | 45 | percent cancellations hotels restaurants | |
| 13 | 48 | souvenir shops surgery services and | |
| 13 | 50 | myriad of other tourism linked | |
| 13 | 51 | businesses across Europe face a similar | |
| 13 | 54 | fate as summer approaches and the corona | |
| 13 | 57 | virus pandemic continues the corona | |
| 14 | 0 | virus hysteria continues look at the | |
| 14 | 4 | numbers we’re still under a 200 thousand | |
| 14 | 7 | dead in the entire world as I speak out | |
| 14 | 10 | of seven point seven billion people and | |
| 14 | 13 | what the flu killed last year up 650,000 | |
| 14 | 18 | at but those are only numbers how many | |
| 14 | 20 | died from the air pollution last year | |
| 14 | 21 | only nine million and what about TB 1.5 | |
| 14 | 27 | million MGM hotels casinos posts big | |
| 14 | 32 | decline in revenue gaps cash pile gets | |
| 14 | 37 | dangerously low and they’re not paying | |
| 14 | 38 | rents and either as staples and other | |
| 14 | 42 | places like Burlington stores others | |
| 14 | 46 | including JCPenney company Neiman Marcus | |
| 14 | 49 | group have skipped interest payments | |
| 14 | 53 | owed to bond holders the beers to cut | |
| 14 | 58 | diamond production by 20% this year it | |
| 15 | 2 | diamonds aren’t a girl’s best friend | |
| 15 | 3 | anymore and it’s going to keep getting | |
| 15 | 5 | worse but the good news is lock down | |
| 15 | 10 | gives Domino’s a lift isn’t that great | |
| 15 | 13 | huh Domino’s Pizza said it’s Us sales | |
| 15 | 18 | accelerated in April as consumers stay | |
| 15 | 20 | at home and their president said what’s | |
| 15 | 23 | his name over here | |
| 15 | 25 | chief executive Richard Allison you know | |
| 15 | 29 | as time goes forward people start to get | |
| 15 | 32 | a bit tired of cooking and eating the | |
| 15 | 34 | same thing | |
| 15 | 35 | the same thing you’re cooking you cook a | |
| 15 | 38 | whole variety things I love to cook | |
| 15 | 40 | I would never read Domino’s Pizza as an | |
| 15 | 43 | Italian in Napoli Donna but anyway I | |
| 15 | 47 | mention this because what’s one of the | |
| 15 | 50 | big killers in America it’s taking | |
| 15 | 53 | people down not only in America but all | |
| 15 | 55 | over the world | |
| 15 | 58 | the coronavirus is particularly unkind | |
| 16 | 1 | to those who are obese America’s obesity | |
| 16 | 9 | epidemic appears to be making the corona | |
| 16 | 11 | virus outbreak more dangerous all the | |
| 16 | 14 | data is in your trans Journal keep | |
| 16 | 16 | eating those Domino’s pizzas and what | |
| 16 | 19 | else do we have here remote workforce | |
| 16 | 21 | boots Intel I’m mentioning that because | |
| 16 | 24 | people ask me what the trends are where | |
| 16 | 26 | they’re going a lot of it has to do with | |
| 16 | 28 | work at home and other things and we’re | |
| 16 | 30 | going to talk more about it on the | |
| 16 | 32 | webinar next Thursday go to trends | |
| 16 | 35 | journal comm trends journal dot-com | |
| 16 | 38 | you’ll see the banner over there click | |
| 16 | 40 | onto it again space is limited and | |
| 16 | 43 | subscribe to the trends journal tell | |
| 16 | 46 | your friends it’s the only place we’re | |
| 16 | 49 | going to get the truth in trends and | |
| 16 | 51 | we’re committed to the truth schools and | |
| 16 | 54 | beaches are allowed to reopen in New | |
| 16 | 56 | Zealand and Australia I want to read | |
| 16 | 58 | this both countries have benefited from | |
| 17 | 2 | an early aggressive response to the | |
| 17 | 5 | pandemic you know what that is you got | |
| 17 | 8 | it the pandemic isn’t a pandemic like | |
| 17 | 12 | they built it up to be | |
| 17 | 13 | it’s one big hysteria the numbers prove | |
| 17 | 18 | it oh the numbers come out 50,000 dead | |
| 17 | 21 | in America yeah out of a population of | |
| 17 | 24 | 330 million and who’s dying well you | |
| 17 | 27 | know who’s dying here we go | |
| 17 | 31 | you know who’s dying I gave you one over | |
| 17 | 33 | there was the people that are obese | |
| 17 | 36 | covid 19 told tips tops 10,000 at health | |
| 17 | 43 | care facilities this is according to The | |
| 17 | 45 | Wall Street Journal and enough | |
| 17 | 48 | of health care facilities in states | |
| 17 | 50 | haven’t reported the deaths coming from | |
| 17 | 54 | the elder care and health care place | |
| 17 | 57 | where people are elder care and they’re | |
| 18 | 0 | chronically ill already and old | |
| 18 | 2 | California a being one of them and what | |
| 18 | 9 | else do we have here Oh scientists | |
| 18 | 11 | question distance guidelines yeah | |
| 18 | 13 | they’re all coming up with different | |
| 18 | 14 | numbers they’re making this stuff up | |
| 18 | 21 | California marks deadliest day of | |
| 18 | 23 | outbreak look at that big headline whoa | |
| 18 | 27 | how many people died hundred and fifteen | |
| 18 | 30 | people and they’re not reporting how | |
| 18 | 33 | many people are dying in elder health | |
| 18 | 34 | care homes we’re talking one thousand | |
| 18 | 38 | four hundred and sixty nine people dead | |
| 18 | 40 | in California that’s locked down at a | |
| 18 | 46 | population of 40 million could you do | |
| 18 | 50 | the numbers how many people die every | |
| 18 | 52 | day in California Oh makes no difference | |
| 18 | 57 | because how about all those homeless | |
| 19 | 0 | people huh | |
| 19 | 3 | how about all those homeless people all | |
| 19 | 5 | over the streets in California if this | |
| 19 | 7 | thing was so deadly do that homeless | |
| 19 | 10 | population be wiped out but they’re all | |
| 19 | 13 | over they’re not dying from it they’re | |
| 19 | 17 | in better shape then the elderly the | |
| 19 | 20 | infirm the people that obese diabetics | |
| 19 | 24 | and people’s but suffering from | |
| 19 | 26 | respiratory ailments what happened four | |
| 19 | 29 | hundred and eighty thousand people died | |
| 19 | 30 | in the United States from smoking last | |
| 19 | 34 | year millions infected Cuomo says New | |
| 19 | 39 | York antibody tests suggest covid 19 you | |
| 19 | 45 | ready | |
| 19 | 46 | was up to 2.7 million people could have | |
| 19 | 50 | been infected 2.7 million people could | |
| 19 | 53 | infected so that means the real death | |
| 19 | 56 | rate that clown Cuomo was screaming out | |
| 20 | 1 | is way lower and that’s what they’re | |
| 20 | 5 | finding out over in LA County I talked | |
| 20 | 7 | about that in the trends Journal | |
| 20 | 8 | oh yeah the numbers are way higher well | |
| 20 | 11 | if the numbers of infected away higher – | |
| 20 | 14 | how come the number of debtors in | |
| 20 | 15 | skyrocketing because of who it’s killing | |
| 20 | 18 | again the obese diabetics respiratory | |
| 20 | 22 | illness elderly – chronically ill and | |
| 20 | 25 | speaking of Cuomo the daddy’s boy who | |
| 20 | 29 | need named the Tappan Zee Bridge after | |
| 20 | 31 | Papa oh and we know his brother Chris is | |
| 20 | 34 | okay now on the cartoon news network hey | |
| 20 | 37 | how come he didn’t die because of his | |
| 20 | 42 | health conditions but we won’t talk | |
| 20 | 45 | about that | |
| 20 | 45 | New York will suffer thirteen point | |
| 20 | 49 | three billion dollar revenue shortfall | |
| 20 | 51 | from original forecasts due to chronic | |
| 20 | 53 | virus Cuomo says this is today his is | |
| 20 | 59 | quote and then this economic tsunami | |
| 21 | 2 | hits and you shut down all businesses | |
| 21 | 7 | everybody stays on did not getting a | |
| 21 | 10 | paycheck they feel economic anxiety the | |
| 21 | 16 | consequence to the state is the revenue | |
| 21 | 19 | projections are way down not you shut | |
| 21 | 24 | down all businesses you the guy that’s | |
| 21 | 28 | always saying I shut down all businesses | |
| 21 | 34 | Cuomo not you meaning us and you’re not | |
| 21 | 39 | worried about the money because you’ve | |
| 21 | 43 | been sucking off the public tit all your | |
| 21 | 47 | life oh you remember when you would add | |
| 21 | 49 | that guy over there with the Clinton | |
| 21 | 52 | administration Health and Human Services | |
| 21 | 54 | yeah playing governor you’re not worried | |
| 21 | 59 | about the money and your little brother | |
| 22 | 1 | like you would be nowhere if Mario was | |
| 22 | 4 | in governor don’t say you did it meaning | |
| 22 | 8 | us you did it and you could care less | |
| 22 | 12 | because you got all the money you want | |
| 22 | 14 | like these other | |
| 22 | 15 | lowlife politicians that steal our money | |
| 22 | 18 | in the name of taxes diabetes lung and | |
| 22 | 22 | heart disease common in us coronavirus | |
| 22 | 25 | patients according to the center of | |
| 22 | 27 | Disease Control all right that’s the | |
| 22 | 32 | fact that’s the story where we going | |
| 22 | 37 | what’s next this is unprecedented in | |
| 22 | 41 | world history nothing like it so if you | |
| 22 | 45 | want to know where the future setting | |
| 22 | 46 | what to do how to best prevail and | |
| 22 | 48 | prepare for what’s going on again the | |
| 22 | 52 | trends Journal tell your friends | |
| 22 | 54 | subscribe and don’t forget next Thursday | |
| 22 | 57 | April 30th webinar live go to trench | |
| 23 | 3 | journal comm and sign up before it’s too | |
| 23 | 6 | late | |
| 23 | 7 | this is Gerald Celente and that’s some | |
| 23 | 10 | of today’s trends in the news | |
| 23 | 20 | you |