Inflation or Deflation: Where Are We Headed?

Rich Dad Radio Show invites the outspoken and knowledgeable, Gerald Celente, to weigh in on the Inflation/Deflation debate. Celente is the founder and director of the Trends Research Institute, as well as publishing the weekly Trends Journal magazine.

Background of a Trend Researcher

Gerald Celente started working political campaigns just after graduate school, starting with Yonkers longest running mayor, Angelo Martinelli. Celente followed through working for district attorneys and state senators, eventually ending up as the assistant to the secretary of the New York State Senate, at the age of 26.

“And it was the worst job I’ve ever had in my career…watching grown men grovel…their way to the top.” —Celente

Celente quit the job and went on to design and instruct American politics and campaign technology at St. Johns University. The list goes on; chief government affairs specialist of the chemical industry, working with former Presidents, upcoming Presidents, overseas royalty and Prime Ministers. Celente began playing the gold and oil futures markets, earning substantial gains, losing most of it, and rebuilding from there. In 1980, he started the Trends Research Institute.

They say the economy is coming back and getting better…

"Let’s look at a year ago, Celente says. People were telling us the economy was coming back a year ago, and it didn’t. Now, we have massive die out of the commercial real estate sector. People don’t want to go back to work while we wage the war on COVID-19 and the Delta variant. Companies are scaling back; the office occupancy rate in the U.S. is at best, around 40%, and in New York City, it might be 24%. People don’t want to commute and business realize they don’t need to spend on as much office space. Big name companies like JP Morgan Chase, Morgan Stanley, Goldman Sachs are requiring vaccinations for workers to return to work. Why? Because they are invested heavily in commercial real estate. They need people to return to work."

“The commercial real estate sector is going to crash in Boston, Atlanta, San Francisco, Los Angeles…in big cities.”

"Hospitality, tourism, travel, and restaurant sectors are losing. It’s not coming back and “it’s going to have a very negative implication on the global economy.”

Where do we go from here?

Small business and the middle class are in dire straights. Travel is either restricted or significantly impacted. How can this be turned around? Gerald Celente says it’s important to be in the best shape you can be in, physically, emotionally, and spiritually. Media and politicians don’t mention a word about beating COVID-19, he says. Comorbidities, pre-existing conditions are what causes the majority of deaths with COVID. And yet, 42% of Americans are obese, and 70% are overweight.

“So, to get into fighting shape, you have to get into the best shape you can.”

Second, we have to unite under one umbrella. Celente quotes Samuel Adams, saying,

“It does not take a majority to prevail, but rather an irate, tireless, minority keen on setting brush fires of freedom in the minds of men.”

The American Revolution only had 3-5% support at its start and less than 50% at its height. “I don’t know how to do it” but we have to unite under one umbrella to overcome what’s become of our country and economy.

"In America, Celente notes, we have small protests going on, but in other parts of the world, the people are fighting harder and longer to have their voices heard. France has protests ongoing now for seven weeks. [Politicians] are only tough “when they have their little boys and girls around them, their guards and security. If the people unite and say, ‘I’ve had enough of your crap, we’re not taking it anymore. You’re a public servant. You do what we do. You will not mandate us. This is against the Constitution…the Bill of Rights. If we did that in force, we would win.”

“The best example I could give is bringing down the Berlin Wall.”

The way to win it, Celente says, is we have to unite and we cannot stop.

Are we facing Inflation or Deflation?

Celente says if prices come down, inflation is still going to go up because they are de-valuing all the currencies. The Euro is collapsing again. I see inflation continuing to go up…I call it ‘dragflation’. The economy is going to go down, currencies are going to go down, but inflation is going to go up because it’s going to cost you more to buy things.

They can’t raise interest rates without destroying the economy. James Bullard, CFO and president of the Federal Reserve Bank of St. Louis, said last week they would be raising interest rates by March of 2022. Here’s what happens, according to Celente.

The $30 Trillion in debt becomes MORE. The cheap money the FED has been pumping into the markets to artificially prop them up, the real estate markets, the merger and acquisition activity that’s been happening, the expansive purchasing with all of these ‘cheap’ money pumped in; how are they going to pay back their debt when the interest rates go up?

“I don’t see interest rates going up and I see inflation continuing to rise.”-Gerald Celente

“They didn’t teach me in economics 101 about quantitative easing and zero and negative interest rate policy. They make this stuff up. They’re psychopaths, sociopaths, pathological liars. What new scheme will they come up with? That is the answer. Will they be able to come up with a new scheme?”

“The whole thing is fraudulent,” says Celente. “It has to collapse and I’m still bullish on gold and silver, and I still believe in cryptocurrencies until they crack down and stop it. They’re going to go digital like China is doing with the Yuan. They’ll know every penny you spent, where you spent it, how you spent it, what you spent it on, so they can get the money in the name of taxes.”

It’s One Big Club and You Ain’t In It.

So, when does it collapse? How long can they keep printing money and propping the economy up until it does collapse?

According to Celente, it should have already crumbled.

“Here’s my greatest fear,” Celente says. “When all else fails, they take you to war.”

As an example, Celente references George W. Bush; deep recession going into 2001, popularity rating plummeting. Suddenly, we have 9/11 and the Afghan war. 88% of Americans supported that war and his popularity ratings go up. New schemes begin. When all else fails, they take you to war.

“These are psychopaths, sociopaths, pathological liars. Dwight D. Eisenhower said, ‘Anyone that seeks the office of President is either an egomaniac or crazy.’”

So was COVID-19 was biological warfare?

Yes, Celente says.

"They could not stop the riots in Hong Kong, but COVID-19 stopped them. “Look at the power trip that these people are on, that they've taken control of. I mean, look, they locked down Australia, 25 million people. How many deaths? Under a thousand. Over 17 months, 86 people died this year out of 25 million. What are you locking it down for? They're power trips and they're working for big, the vaccination rates are only around 20%. Same thing with New Zealand, under 20%. New Zealand only had a handful of deaths."

“One of our top trends for 2021, because we do them in December before this happened in 2020, was new world disorder. There were protests going on in South Africa, Lebanon, France, Algeria, Colombia, Chile, Bolivia, Peru, India, all over the world. Poverty, lack of basic living standards, violence, government corruption, and crime. They couldn't stop these every week. Boom, COVID comes, no more protests, it's over.”

You suspect COVID-19 was a response to keep civil unrest down?

“No, it’s to keep the maniacs in charge that are robbing the people of their rights…they suck up and bow down to the people that pay them off, that morons and imbeciles call campaign contributions. The United States and New Zealand are the only two countries that allow drug ads on television. New Zealand has (a) death rate (COVID) next to nothing, and now they are locking it down. They work for the drug dealers.”

“Look at how the FDA just allegedly approved the virus drug. Who was the head of the FDA under the Trump administration? Oh, a guy by the name of Scott Gottlieb. Hey, where's Scotty now? Oh, he's on the board of directors of Pfizer. What am I? Six years old. Who the hell are you talking to? You've got the guy that's running the FDA on the board of directors of Pfizer. Grow up. It's not a revolving door. It's one big club, as George Collins said, and you ain't in it.”

Gerald Celente is the author of Trend Tracking and Trends 2000, publisher of Trends Journal magazine, and founder and director of Trends Research Institute.

https://trendsresearch.com/