Warren Buffett just dropped a stark warning that should have every investor paying attention. With massive fiscal risks and government spending, he's deeply worried the US dollar could really quote go to hell, reminding us that blindly trusting any currency in today's environment is dangerous. So, in a world of record debt, shifting trends, and policy experiments, who's been calling these moves before they hit the headlines? That's exactly why we're thrilled to have with us today the man known as the world's number one trend forecaster. You know who it is. Gerald Chalente, founder, director of the Trends Research Institute and publisher of the Trends Journal for more than 45 years. Gerald. >> Wow. >> 46. >> He has been 46. He's been ahead of the curve forecasting everything from the Soviet collapse, the dotcom bust to housing crashes, the fallout from monetary overreach. The list goes on and on and on. And he has no political spin. So, I can't wait to speak to you right now, Gerald. So good to see you again. >> No, I love being on with you. Thank you so much for having me. I so much appreciate all that you do and the people you have on. >> Well, uh, listen, I listen to to the my people, the people that that watch the show. We want more Gerald. We want more Gerald. I'm like, all right, I'll give you guys We should just start start a daily show at this point, Gerald. Um, listen, I I watched the latest uh interview on CNBC with Warren Buffett. I think he does it yearly and I thought this time it was pretty raw and I enjoyed it saying that it's dangerous quote when people lose faith in currency recalling the prevoker era when cash is trash people borrowed at high rates expecting the dollar to disappear and it led to tragedies like farm collapses and he now warns that the US isn't immune to this now and that runaway inflation can turn the country into something else. Do you agree with the assessment of the risk that Warren Buffett's been is is warning about right now? A >> thousand%. And by the way, his son, Peter Buffett, used to rent one of my buildings, the 1763 Dr. Jensen House for his Novo Foundation. So, um, going back to Buffett, it's the death of the dollar. America's become the country our founding fathers fought against. Look at the debt level that we have where they're saying now it's um you know to the G debt to GDP level is like a hundred over a 100 and you go back yes >> a decade ago it was it was half of that and so when I say what our founding fathers fought against once upon a time there was this place called Great Britain where the sun never sets on the British Empire. where they slaughtering people all over the world, right? War after war after war after war after war. So what happened after World War I? They pound went down and the dollar went up because of all the wars that they fought. America is now in that same position. One of my sayings is that the 20th century was the American century, but the 21st century is going to be the Chinese century because the business of America by the facts is war. The business of China is business. The death of the dollar is coming. And now the Iran war has made a very bad situation much worse because a lot of the countries now that are really getting hit very hard because of this war can't stand the United States for starting it along with Israel. But Israel really doesn't count. The United States does because it's the dollar, the pro dollar as the prices are skyrocketing. I mean, what? Let's go back. Let's go back to February 24th, President Trump's State of the Union address. >> Mhm. >> Hey, because of me, price of gasoline, a gallon of gasoline in most states, $2.30. What's it today? >> About uh $2.40. What's it as it going on the air? What's what's a barrel of Brent crude? Um, as we're going on the year, $114 a barrel. Hey, let's go to the beginning of the year. What was the average price? About $60 a barrel. Going back to the death of the dollar. This is wiping out countries all over the world. Inflation skyrocketing. and not only because of the the straight order moves with oil but other products and you know uh commodities that go through it. So there's going to be a very very anti-American movement from the company the countries go down. You know once upon a time there was this guy by the name of Bill Clinton >> and when he ran for office by the way this is a t-shirt just to show you the way I feel about all the politicians. This is a t-shirt I did when he ran for office back in 1992. All right. So, Bill Clinton when he was running for office, he had his line. It's the economy, stupid. That was the behind the scenes line. Only talk about the economy. Now, again, going global and why they're not going to like America. It's the economy stupid. And this war is hurt the whole world economically. Look, look at the geopolitically. So this is very serious. So that's going to be another thing that brings down the death of the dollar. They've had it with America. Again, look at look at tourism. Oh, in the Middle East, tourism. The last numbers I saw, and I'm going back to March, it was down $600 million a day. Look at the flights being cancelled. So, this is more than just one level. >> Yes. >> So, this is very important. They're all saying, a lot of them are saying is going to be stagflation, stagnant economy, and rising inflation. No, it's not. It's going to be drag inflation, >> declining economic growth, and rising inflation. >> I want you to think about this for a second. Our clients have lived through things like the gold standard, Black Monday, the dotcom bubble, and of course, the corruption leading up to '08. They've seen these patterns on a smaller scale before. The rampant inflation and money printing since '08 has made this far worse. Now, we're not talking about another recession. We're talking about the end of a monetary era. There's no reason to fear the future when you have a proper plan in place. I sleep well at night and I want that for you, too. So, click below to take our threeminut quiz on dannyreport.com. It's free and it will guide you on the next steps to take. It just makes you wonder and I'm not I don't want to create theories, you know, but I I did think about this how we saw the boom in the Middle East, right, with the World Cup was there and it was going to be the future and you know the the incredible critical mineral roles conference taking place in I mean it was all moving to the Middle East and now it obviously stopped. I'm not saying this was done on purpose, but it does make you think, Gerald. Do you hear what I'm saying? >> Yeah. But again, we're going back to the Middle East. They were having a rough time already. Let's go back to oil prices. One of the reasons why Brent crude was so low back then. There was more supply than demand and OPEL plus was pushing out more than they should have been pushing out because they needed the dough. And now Saudi Arabia is really being hit hard. And then with this war going on, Iran bombing all these places where there are American bases, this thing's going down really bad. And again, it's all across Europe. Look at the price of petrol. It's it's wiping. And now the >> and and and here and and here back home, Gerald, I mean, you know, I I got the fuel light on again in the car this morning and it was like, oh no. >> Yeah. >> Right. Um this is hurting this is hurting the average person. >> And again, and that's very important. You know, the equity markets when people look at them, you know, I was just doing some, you know, numbers out here. I just Googled it up. Black Rockck, Vanguard, and State Street. The big three collectively hold approximately 22 to 28% of the total market capitalization of the S&P 500, representing over $30 trillion in managed assets across the funds. All right. Then they also go on that it's global. They own 16.4% 4% of the markets in the UK, 19% in Australia, on and on and on. I'm mentioning this because the equity markets have zero to do with with Main Street. Wall Street and Main Street, there's no connection at all. And the equity markets are going up and the GDP is going up. And the data is there. I'm not making this up. because of all the money being spent in AI and all these data centers and on and on and on. That's a big percentage of the gross domestic product. It's not coming from consumer spending. So there's the K-shaped economy where the top of the K are the rich and the rest are going down. This is very serious. And like you said, you know, people go put gas in their car. I I can't afford it. Oh, and look at the foreclosure rates now going way up here. Not before CO the average age of firsttime home buyers in the United States 28 years old. You know what it is now, >> right? >> 40 40 years old. So young people getting wiped out. So this is very serious. this war, the damage it's done is incalculable and the longer it goes on, the worse it's going to get. >> Um, I want to circle back on on one question I had for you, but let me just stay on this Buffett interviews. There's a few other points I wanted to get in. He mentioned how he felt better when Vulker was there. He was asked about the current Fed chair. He said he sleeps better with Powell in place. um praising a steady hand against inflation, but he did prefer Vulker and I and I guess he was implying he's concerned about the new incoming chair. You've been critical of central bank policies for years. So, how do you compare Vocer's RN approach to today's Fed environment? >> Again, it's a different time. >> Yeah, >> it's a different time. You go back. I started buying gold. By the way, one of my books, this was it back in the 1980s, trend tracking. Far better than Mega Trend Sky Magazine. I started buying gold when the Iran conflict started breaking out in the late 1970s. >> Right? >> Go look at look at look what interest rates were back then like 8 10% 12% in 1980. And then when Vulkar came in, he wrapped them up higher. So interest rate know what are they now? We're talking 35375. We're talking back then before Vulkar came before Reagan won. By the way, I have a picture, you saw it, of me and Ronald Reagan when I brunch 16 viral board of directors. >> The the it was a whole different time. So now you're looking at interest rate. Again, I'm totally opposed to the the central bank, you know, thing made up by that clown Woodro Wilson, you know, Federal Reserve, a bunch of banksters, you know, the guy that gave us World War I, the Federal Reserve and federal income tax made rotten hell. Oh, the IRS. I forgot about that. Again, the banksters. Hey, look, look what happened when the things crashed. But we took out the domain name, the panic of08 in 2007. The Federal Reserve as people are losing their homes because the banksters, hey, you got no job, you're out of work, you you're deep in debt, don't worry about it. Slide over. You got a subprime mortgage. Those slime balls, barred college, leave the institute. $29 trillion to bail out the banksters. 29 trillion. So going back, the interest rates now are nothing compared to what Buffett was saying back in Vulkar to stop inflation. Oh, and why did inflation go to where it is? Let's go. Tracking trends is the understanding of where we are, how we got here, and where we're going. The COVID war. Remember that? Remember that one? Hey, get back in your house. Get back in your house. Don't worry about it. Here's free money. Hey, we're bringing the interest rates down to zero. All right. Oh, that guy Powell. The Powell that he's pushing. Oh, there's no inflation. It's only temporary. Oh, that Powell. No, no, it's only transitory. That power as inflation skyrocketing because they pumped in all this cheap money all over the world. Everybody forgets about why we have high inflation. They artificially propped up the markets as they destroy the global economy. Get back in your house. Get back in your house. Get back in your house. Wear the mask. Stay six feet apart. The wind blows exactly in straight lines every six feet. And don't forget when you masturbate, sanitize your hands. Anyway, go on. I was going to say I could never forget that time uh because as you know I was fully pregnant giving birth in the midst of COVID borders were closed. So my family from Canada, my mom, dad, my family which was supposed to be the most you know glorious moment of my life to present my children, my twins. Um and they were denied that right and I didn't get to have that. So, and and and that's just, you know, one example of what they robbed us of. Um, >> again, again, going back to what he's saying about inflation and why he wants Vulker to bring down put up interest rates to slow down the economy. It's already slowed down for the average people. And how much is how much how many hundreds of billions is Buffett worth? And not a penny, by the way, for peace. any of these clown boys and girls billionaires. >> Well, that's the other thing is like he's poo pooing cash, >> right? But he also mentioned that they're sitting on a huge cash hoorde because the environment is not ideal for deploying it, right? He doesn't you know what he said about gold in the past. >> Um so I mean look you what what what should Americans be doing right now? I know you believe in in gold, but if what's the greatest hedge against the death of the dollar? >> The gold. Gold and then silver. And and it's no question about it. And again, the only reason gold prices are going gold prices should be spiking now with this war going on. It's the number one safe haven asset. But it's going down for two reasons. Again, how they destroyed the global economy. Russia, Turkey, Mexico, countries selling gold because their debt levels are going up, their currencies are going down, and they got to cover their losses. And what everybody's forgetting is that the equity markets were going down before the before the Iran war began on February 28th because of AI wiping out starting to wipe out a number of um software companies >> jobs. Yeah. >> Yeah. And and so people were covering their losses because they were making a lot of dough on gold. They had to sell the gold to cover their losses in the in the equity markets. People forget this that again it's the number one safe haven asset and that's to me we don't give a financial advice. There's nothing better. >> I know you you you uh exactly that's just pure honest advice. I know you you don't you know benefit anyhow by saying that but it's just sometimes it's just facts. That's what I tell people. It's just facts. There's no better place to be um than gold. Okay. You're going to like this quote. You're going to love this one cuz Buffett cares about us. He stressed that professionals like doctors and lawyers will fare okay, but us ordinary people Gerald will suffer when money loses value. That made me think of your greatest depression or slave landia warnings focused on the middle class. Are you the only one that cares about the middle class, Gerald? He doesn't. Um, no. But I mean, honestly, what what practical steps do you recommend for viewers to do to build resilience here as as the dollar dies? >> I gotta tell you, the first thing you got to do is get in the best shape you can physically, emotionally, and spiritually. You're this is the again, I've been at this for 46 years. This these are the most dangerous times of our life as as I see it. Um, there's a thing in Israel they call the Samson option. Mhm. >> If they lose, they go nuclear. You go back to, again, we've been writing about this for decades. We said it's in a magazine, and by the way, there are no ads in the magazine. So, nobody tells us what to do. you know, when uh and we've been saying that if the United States andor Israel go to war against Iran, bread crude is going to spike to well above $100 a barrel and it's going to crash the global equity markets and the global economy. We've been saying this for decades in the magazine over and over and over again. We are at that point and we say there's no way that either the United States or Israel is going to defeat Iran. These are the Persians. They are very advanced scientifically, technologically, and militarily. And again, as you know, I launched a movement called Occupy Peace. Have peace rallies every year. Say, "Put my money where my heart is." And you go back to the facts. America has not won a war since World War II. And they would not have won that one, they hate me for saying this, if the Russians didn't defeat the Germans first after the Germans killed over 27 million Russians in Operation Barbar Roa. Lost the Vietnam War, lost the Iraq war, lost the longest war in American history, the Afghan war. You're going to beat the Persians? No. going back. I'm concerned that they're going to go nuclear because there's no no way they're going to defeat the Iranians in this war. >> Let me ask you, and this is a loaded one, what you're saying echoes much of what uh do you follow Professor Steve Hanku's work? Because he's basically in line with everything you say, Gerald, and I just had him on last week. I asked him this question. I want to ask you as a historian. Um, the counterargument is Iran wants a nuclear weapon and we have we have to stop them from getting it and not make the same mistake as North Korea. Did we tippy toe around North Korea and that's why they got the nuclear weapon? Okay, so let's go back to the facts. All the facts show that Iran was not making a nuclear weapon. We only put the facts down. Oh, North Korea has a nuclear weapon. Are they a threat to the United States? I'm asking you, do we have to Could you sleep at night because you're worried about North Korea attacking America? What What if North Korea launched a nuclear weapon? We wipe out North Korea in 60 seconds with our nuclear weapons. Well, this brings up a this brings up a bigger No, but this is the bigger philosophical question that I also asked Steve Hanky is >> who gets to decide who has a nuclear weapon, right? What makes bad? What makes excuse me, what makes good? >> Again, >> right? Number one, according to the data that we report, they were not making nuclear weapons, nuclear enrichment for nuclear power plants, etc. Number two, to pick, take what you just said, how many nuclear warheads does Israel have? They estimate between 200 to 400. And again, who's to decide who should have a nuclear weapon or not? And again, I became a trend forecaster. is my book trends. This is when I became a political atheist when the Iranian war broke out the back in the late 1970s. They taught us to hate Iran. Oh, they're overthrowing a sha. What a dictator. Oh, they what do they call his son? The crown prince. What's this prince crap? Oh, the royal family where the son never sets on the British Empire and they get dressed up in these costumes. If they were Italian, you'd call him a mafia for all the people that they slaughtered. So, let's go back to Iran. 1953, they threw out the sha's old man and they democratically elected a guy by the name of Muhammad Mosedg. Mosed had the nerve, the gall to say the oil in Iran does not belong to Anglo Iranian oil, better known today as BP, or Standard Oil, better known today as Exxon Mobile. It belongs to the Iranian people. No, it doesn't. They did not release the data, the official data until around 2013. Remember this happens 1953. That little clown boy who smoke cigars that looks like a fat little slob that everybody looks up to. Winston Churchill. Yeah. That jerk who gave us World War I and World War II. Telegrams from him to Kermit Roosevelt, the Roosevelt's grandson, that we have to take that oil back. They overthrew the government of Mosed Deg. They brought in the Savvak, the secret police that made the SS look good. They It was a crime syndicate running Iran under the sha. I became a political atheist the day little Jimmy Carter came back from spending New Year's Eve with the Sha's wife. I write about it in the book. Gets out of the helicopter, all those guys dressed up in a costume, you know, they salute. And he goes on to say that the sha is the island of stability in the Middle East. This as the revolutions going on in the Bronx. We used to say has its own sound. I said this thing's going down. And that's when I started playing the gold and oil futures markets. People forget about this. They taught us to hate Iran just like they taught us to hate the Russians all our lives. >> Okay. So, I guess to bring the question back to you, if Iran were to get a nuclear weapon, you'd sleep well. >> Yeah. What? What are they going to do? I I What? I I sleep well because Israel has nuclear weapons. Oh, how about Oh, what? They just uh threw out over a million people out of out of South Lebanon. Oh, that Israel with nuclear weapons. Like, there's a lot of crap. This nuclear weapons stuff. Nothing to do with it. Oh. Oh, wait. Hey, how about we're getting all them narco terrorists out in uh in in the Caribbean over there from Venezuela. Remember that story? Week after week, month after month, then all of a sudden they kidnap the president and his wife of Venezuela. And what would it become? Oil. Remember all about oil. Like I say, you think the United States would have invaded Iraq, Libya, Syria if their major export was broccoli. Gerald, let's end on a peaceful note. Send some truth our way. >> It's up to the people. You know, again, like it, don't like it. want it, don't want it. You know, as as you mentioned before we went on the air, one of our top trends is a Gen Z revolution. >> The people can change it whether you like it or not. This guy Yeah. You New Yorker. Mandani. Nobody ever heard of this guy. I'm a New Yorker. Brs New York. A little guy of nobody becomes the mayor of the largest city in America. >> Well, I don't know if it's a little guy of nobody. His mother's like a, you know, Oscar awardwinning, you know, her father's a professor. >> Okay, fine. >> But nobody ever heard of him. The point that I'm making, it's up to we the people to change it. That's what I'm saying. We have to bring in a new third party as I see it. I call what they call the government, I call it a crime syndicate. Both of them I mentioned under the Obama administration $29 trillion dollars to bail out the banksters that caused the problem. War after war both parties we need a new third party. That's the way I see it. But I only brought up Mandani not again as I said not you like don't like. >> No I hear you. I hear you. >> We need a change and it could happen because you saw it happen in the largest city in America. It's up to we the people. >> Uh Jel Chalente, uh um always good having you on. We have another interview coming up, so I'm not cutting this interview short. Uh but we're going to bring you back because the people want to hear more from you, but in the meantime, read uh everything that's in Gerald's mind in in the Trans Journal. Like he said, there's no ads. He's not bought. It's just what he truly believes in. Trans Journal. Gerald Chilante, thank you so much. >> Oh, thank you for having me. I really appreciate being on. Thank you. >> And go to Montreal soon. We just want the series. The city is on fire in a good way. I believe in the Montreal revival, Gerald. Speaking about revival, we got to go up there soon. Thank you all for watching. More content coming your way. We'll see you soon.