Welcome back. I'm Jeremy Saffron. War has a way of exposing what was already broken. Right now, we're seeing a massive contradiction in the markets. Oil is volatile near triple digits and shipping routes are under severe strain. Yet, gold and silver suffering a sharp weekly selloff. Gold breaking down towards $4500 and silver is slipped below $70. At the same time, the rhetoric is shifting with the administration calling allies cowards while weighing a direct move on Iran's Car Island at their oil hub. Now, the question is, is this safe haven trade breaking down or is the market failing to price the full scope of a fracturing system? Joining me now is Gerald Cente, founder of course of the Trends Research Institute and publisher of the Trends Journal. Uh Gerald, it's good to have you back with us at Kick Co. I know it's an interesting week to have you. Well, thank you so much for having me and thank you for so much what Kitco does. It's one of my places I go to every day all the time. So, thank you so much. >> I appreciate that, mate. We appreciate that. Uh, we try to bring something outside of the mainstream media. Obviously, truth is important in this and I want to get your kind of take on this contradiction on the board. I mean, we have this active regional conflict. We have Brent crude trading near $110, mounting pressure on energy flows. Yet gold is fallen sharply this week and silver is also under pressure. I'm just curious before we get into it. I mean, how do you read that? Are we looking at a broken safe haven trade or is this, you know, forced liquidation as traders scramble for cash to cover losses elsewhere? >> This is your trends journal magazine back in um the March 3rd edition >> economic update. Last week in our economic update, we had forecast that there was a high probability that Trump would launch an attack against Iran on the weekend. He gave all the details and then we said, you know, go gold and oil prices should be spiking it because of inflation. And and what are they what's the line they're putting out? Well, uh, you know, the dollar is getting stronger because, uh, they're not raising interest rates. The dollar is getting stronger. What do you, what do you got? They're coming out now. They're saying by the end of the year, you're going to have a 40 trillion dollar debt level. A debt level that used to be uh about what uh 60 times percent 60% of GDP. And now some numbers are showing you know well over 100 110 the dollar is getting stronger. So again we go on to write in the trends journal that on the gold side as a result of the USIsrael tax on Iran. Remember this is we wrote this on March 3rd over the weekend goldage spiked to the $5,400 an ounce range on Monday. But then in a blink of an eye, when the equity markets opened in the US, prices fell over $200 an ounce. Why did gold and silver prices dive? And we go on to say, once upon a time, not too long ago, JP Morgan Chase was fined for rigging the precious metals markets. Here is what Reuters, so you know it's mainstream, reported on September 29th, 2020. JP Morgan Chasing Company has agreed to pay more than $920 million and admitted wrongdoing to settle federal US market manipulation probes. It goes on to say that the um they uh over the bank for the regulatory shadow that hung over the bank for several years and marks a signature victory for the government's efforts to clamp down on illegal trading in the futures and precious metals market. So we go on to say as gold as we see it, gold did not decline because the dollar is going up and because of spiking energy prices and yes inflation will rise and the bet again we said this the Federal Reserve won't lower interest rates. We see it as a rigged game and we're not saying it's another JP Morgan Chase rig game. What we're saying is that they're doing everything they can to keep gold prices down because it's showing the dire strait of the United States economy. And we go on to say that you got you got Trump coming out right after it happened. Hey, hey, the war is almost complete. It's almost complete. Oh, you forgot that one, everybody? Oh, it's almost complete. That was on March 3rd. HOW ABOUT THIS GUY CHRIS WRIGHT? HOW ABOUT calling him Chris Wrong? The little clown boy playing the uh the Secretary of Energy. Remember, he came out and BSed. We got naval ships that going to bring oil tankers through the streets of Hamuz. Down goes oil prices. Down goes gold prices. RIGHT IN FRONT OF EVERYBODY'S EYES. TOTAL LIE. One after another. We believe they're doing everything they can to keep these prices down because these prices should be skyrocketing. They should be off the charts. Again, I've been at this for 46 years. Never in my life has I've seen anything like this going on. Again, read one article after another around the world. Oh, over in the uh Middle East, what do they say? Um uh tourism. Oh, that was when the thing started uh after February 28th was down $600 million a day. How about a billion dollars now? How about the energy prices in Europe? How about Hey, hey, hey, listen to me. I'm the president. Here's my State of the Union address. All right. Hey, most states the uh the price of a gallon of gas is $2.30. Of course, it wasn't. It was $2.92. But anyway, that was the State of the Union address a couple of weeks ago. What is it now? Google it up. Upup up. Well, on uh Friday, it was um $3.91 a gallon. This is going to destroy the economy. The people are ready. I want to dive into this with you, Gerald, because I mean, you know, a lot of our audience will be paying attention to what you say. They've felt the same way. You know, this Main Street versus Wall Street. I mean, you're saying that this is not a free market in gold that the their interests who, you know, want to keep gold prices contained because a real breakout would expose that deeper weakness in the system. Who who exactly is the they in your view right now? Is it central banks? Is it the bullion banks? Is it governments? Is it large funds? You know, what do you think? It's a damn crime syndicate that people call a government. You got this guy uh Bessett coming out again. We had this in the Trends Journal, too. He went on to say that um well, you know, are they rigging the the oil prices? He said, "We don't have any quote plans to do that." Plans, you don't have a plan to do it? How about say we would never do something like that? >> Yeah. Again, the game is rigged as far as we can see. This prices should be spiking off the off the uh unbelievable. They they should be again, you got inflation. It's not about the dollar. It's about inflation and and and again, prices should be spiking. >> And again, you go back here. You ready? This is from the uh Wall Street Journal. Uh let's see. March 12th. Ready? US trade deficit shrinks 25%. You know why? Driven by gold exports. Bob. Yeah. Driven by gold exports. Never heard anything like that before in my life. That's the demand for gold. Again, they're doing everything they can. Again, it's one BS after another. Yeah. They they the war's over. This is over. That's over. This is them. The ship is going through. We're not Again, it's the the facts are all there for anybody to look at. And you know, again, we're political atheists. We look at things to the way they are, not the way they should be. Again, Steve Iceman says investors should ignore US Iran war will be long-term positive. This is when going back to again March 3rd. They say, "No, don't worry about the markets going down." What are you talking about? Oh, wait. Let's go back to again what Trump said. Hey, the markets are over uh the Dow is over 50,000 and by the time I get out of office, it's going to be over 100,000. What's it now? It's in the 45,000 range. >> The Dow's up. Like the way the markets are going down around the world. Look what's going on in Asia. Look what's going on in Europe. And again, this was going down before this happened. That's the most important thing. The equity markets were again, one of our top trends for this year is.com bus 2.0. And you're seeing it already. You're seeing the the the money pulling out of private equity funds and they don't have the money to give back to the people that want it. Well, you only can get 5% back. I want it all. You can't get it back. This is going on before the war began. Prices of gold should be skyrocketing along with silver. >> Yeah. So I mean your you know your your point is that the gold tells the truth about the dollar and and America's imbalances and that this is exactly why in your view officials do not want that signal running freely. I mean do you see this correction happening? What are your thoughts? >> It's going to happen. It's it has to happen. And again my my greatest concerns are you know again trend forecast is it's not what you like, what you want, what you believe or what you wish. It's what is. I tell everybody, Google this up. The Great Depression was going on. Google it up. Franklin Roosevelt seizes Japanese assets. Google it up. You get history today. On July 26th, 1941, President Franklin Roosevelt seizes all Japanese assets in America. You know why? Those dirty Japanese invaded French Indochina. Hey, wait a minute. French Indochina? You mean Laos, Cambodia, Vietnam? And what the hell do I care? I'm an American. Oh, you mean the French that are in about 25 countries over in Africa? Oh, we're in Morocco. We're in Algeria. We're stealing, robbing, pillaging. Stole all their dough. Right. Number two, the Dutch East Indies joined with the British and cut off. Wait a minute. Dutch East Indies. What the hell are the Dutch doing in Indonesia? Hey, I'm the king. I'm the king. We're doing the same thing over there. stealing, robbing, pillaging. Be quiet. I'm the royal family. All right, forgot. Oh, the British where the sun never sets on the British Empire. Oh, I'm the king. As I said, if these guys were Italian, you call them the mafia. Oh, no. Just get dressed up in your costume on the royal part. All right, the Dutch, the British, and the Americans cut off. Remember this is the Great Depressions going on. threearters of Japanese export trade and 88% of their imported oil. They only import about 97%. Okay, you stole their dough, you cut off their trade and you cut off their oil. I can't understand why they bombed Pearl Harbor a couple of months later. Again, I'm telling you, when all else fails, they take you to war. The economy was going down before this. You could read the trends journal. We had warned this was going to happen and it's happening. >> Yeah. >> Again, here one of my books, Trend Tracking, far better than Mega Trends, Time magazine. It tells you here how I became a trend forecaster when the Iran crisis broke out. It's right here, page 31. All right. Look, they taught Americans to hate Iran. back in 1978-79 with most people having no idea how the MI6 and the CIA overthrew the democratically elected government of Muhammad Mosed in 1953 because he had the nerve to say hey that oil in Iran it doesn't 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 now it doesn't belongs to us they overthrew the government brought in the Shaw, the Slovak, the secret police that made the SS look good. Anyway, this is when I became a trend forecaster. I started playing the futures markets, gold and oil, >> right? >> And I'm telling you, the same thing is going on now. This is very serious. When all else fails, they take Oh, oil. You think the United States would have invaded Iraq, Syria, and Lebanon if their major export was broccoli? Hey, how about Trump? Hey, we go kill those people out there in those little boats 1500 miles from here BECAUSE THEY NOT GO TERRORISTS. That went on for how long? And then all of a sudden became oil. All right. There's a great book out years ago by uh uh Smemedley Butler, the most decorated marine in in the history of America, 1930s, was a racket. He goes on to say how the United States is going to all these places to steal and rob and pillage United Fruit one after another. This is all about the bottom line. This is crazy stuff. And if we don't have peace on earth, it's going to be hell on earth. you know, to to that point. I mean, I want to go back to what you're talking about because you're drawing a historic parallel to 1941 when Roosevelt froze Japanese assets and caught commercial chai after Japan expanded into into China and your warning is that the economic pressure can quickly become a bridge to to, you know, wider war. I mean, what is the the real parallel you want our viewers to see here, Gerald? Is it that sanctions and asset seizures corner states into escalation or that governments use this external confrontation when the domestic system is already under strain? When the domestic system is under strength? Again, go back again. The Great Depression was going on. Here's another one for you. Go back to your trends journal. It used to be a quarterly. Now it's a weekly. 1999 autumn. We had forecast the dotcom bust. >> What happened? But we said it would bust by the second quarter 2000. It did. What happened? The NASDAQ was down a percent. Little George E. Bush gets elected. Couldn't stand them. Economy going down in a recession. B all of a sudden 911. 911. Look up the number. 92% of Americans supported. We're going to get that guy Osama bin Laden dead or alive. The Afghan war, 92% of the people supported it. The longest war in American history lost cost trillions of bucks. And again, talking about trillions of bucks, >> hey, we need another 200 billion dollars to to for the war in well, we only spent 12 billion already. You know, there's a great line by um Dwight D. Eisenhower, five, fivestar general, supreme commander of the allied forces and two-term president. Everybody could look it up. Basically, he said wars are, you know, that that uh the the wars are robbing the nation of the genius of the scientists whether the labor is in the future of the children. And uh and that's what's going on right now, >> right? >> Yeah. Yeah. The roads are crap up here where I am up in King all over New York. Going to New York City. Look at the bridges. Look at the Hey. Hey, they got a thing called Amtrak. How about Am crap? Well, I'm up in Kingston right across the rivers of Rincliffe. My My friend took the the train from Rincliffe to Montreal a couple of months ago. 10 hours. 10 hours. I could drive there in four and a half hours. Head go to China. where they got these. Look at what they got. The country is rotting in front of our eyes and the maniacs are taking us to war. Let me ask you a followup on that because you brought up that $200 billion and I I mean the Pentagon has reportedly that's the number they asked Congress for, another 200 billion tied to this campaign. Meanwhile, EIA data shows, you know, diesel prices in the US have pushed past five bucks a gallon, which matters because I mean, you know, diesel runs everything, agriculture, large parts of the industrial economy. When when the the cost of war lands so directly on the kitchen table, does the public's view of the economy finally start to break? >> The public's view of the economy is already down. >> Yeah. And again that never be I told you 92% of the people supported Bush's war. I mean I depending on who the numbers you're looking at is about 57% of the people are opposed to this war. The people are going broke. They call it a K-shaped economy. You know a K at the top is the other people down by put throw an FU in the scene that K-shaped economy. Yeah. Look at the numbers. Not too long ago, the average age of first-time home buyers in America was 28 years old. You know what it is today? 40. 10% of Americans are responsible for 50% of all the spending in America. Go back to one of our top trends for 202 Gen Z revolution. Hey, what just happened? They had an they had an election over there in Bulgaria. They had one in they overthrew the government over there. They just had one in Nepal. Oh. Oh, I'm a New York City guy. I'm a Bronx born in the Bronx, right? No. New York City. Who they elect? Oh, guy Montani >> that nobody ever heard of. Again, not what you like, what you want, what you wish. What is this? Is all generation Z. They're broken busted. These are people between the ages of what about 14 to 29. So, you got the, you know, the people that can vote in that age. They're the ones that are voting. They're the ones that are overthrowing these governments. They got no future. They're broken busted. Again, that a guy like Mandani wins. This is the biggest city in America and nobody ever heard of this cat a year ago. It shows you the desperation of the people. Every place I go to, every restaurant tour I know, and I know a lot of them, they all tell me that business is down about 30%. >> Mhm. And this is very important that nobody talks about. They destroyed it when they locked down the world with the COVID war in 2020. Nothing's come back. Nothing. Oh, it'll come back. It'll come back. I'm up here in the Hudson Valley. I call it Death Valley. 9:00 at night, everything is dead. The restaurants that used to stop serving at 10:00 stop serving at 9:00. >> The whole vibe has changed all over. Again, that's another trend that nobody's looking at. The office building bust. The vacancy rate is around over 20%. Vacant, vacant, vacant, vacant. Before CO was around 11. There's going to be defaults on all these buildings. The banks are going to go bust. They don't have the money. They can't keep the building. I don't have the dough to pay for it. Look at your you look at your your uh office occupancy rate. Go to Castle Systems. That's around 50some percent. Again, this is serious stuff what's going on. But as I say, when all else fails, they take you to war. They get the people's mind off it. But the people right now, it's a whole different trip. They're broke and busted. I got to ask you about this war because we're just receiving some new reports here. Uh, let me give the viewers a bit of a backdrop. Axios is reporting that the administration is considering options involving Car Island, which is Iran's main oil export terminal and the hub for most of the country's crude exports. Now the idea according to this report is that if the pressures on the straight of Hormuz continues, Washington could look at car as a way to kind of squeeze Iran's oil lifeline and try to force the straight back open. No final decision has been made, but even the fact that this is being discussed tells you how much the stakes are rising. Uh let's ask you, I mean, if if if this shifts from air power and retaliation to a direct move on Iran's main export hub, are we no longer talking about containment? Are we talking about control over the energy system itself? >> That that's what I believe is part of what they want, but it's not going to happen. Again, you go back to the trends journal. We've been warning I'm going for years now, years to weeks, the months to weeks in week after week, month after month, year after year. We said if the United States goes to war against the United States and Israel goes to war against Iran, you're going to see oil prices spike to above $100 a barrel into the $130 a barrel range and that's going to crash the global equity markets in the global economy. >> Yeah. >> They're not going to be able to take over Iran. We said this is a country of 91 million people. They're very advanced. These are the Persians. They've been preparing for this for a long time. They're very advanced scientifically, technologically, and militarily. You're not going to wipe them out. So yet, they could talk all they want about taking over the Straits of Formuz. Again, let's go back to how they were saying, "Hey, it's not a problem. It's not a problem." Remember, >> remember when they asked, "Didn't you prepare for this ahead of time?" Well, we had plans that they some crap that they're spewing out. They're not going to be able to take it over. This is very serious. Yep. Um, this is what Trump said on March 14th. Trump says, quote, "Many countries will send warships to Hermuz amid Iran blockade." In the Bronx, we used to say BS has its own sound. It ain't happening. Trump March 4th. Their leadership is rapidly going. Everyone that wants to be a leader ends up dead. He told reporters at the White House. You ready? Their missiles are being wiped out rapidly. Their launches are being wiped out. No, they're not. No, but this is March 4th. All right. It's one after another. It's They're not going to be able to take this. It's going to make a very bad situation worse. Trump says everything's been knocked out in Iran. All right. Prers Donald Trump Tuesday that he knocked out most of Iran's military. Yep. This is when a couple of weeks ago when that clown Mertz was there, the chancellor of Germany. They have no navy. It's been knocked out. They have no air force. It's been knocked out. They have no air detection. and it's been knocked out. Their radar hasn't been knocked out. Oh, that's the other thing that's so important. Yeah. Wait a minute. Here's one more about more BS. Iran war. This is CNBC March 12th. US Navy escort will US Navy will escort oil tankers through straits of Hermuz said Bessett the uh Treasury Secretary >> that was always in our planning that there's no chance that the US Navy or perhaps an international coalition but my belief that as soon as it's military possible the US Navy and perhaps within an international coalition will be escorting vehicles, vessels through the straits. This is why they bring down prices. They they lie about this stuff right in front of your eyes. >> So, going back to the war is not ending. They're not going to be able to take over Iran. They're not going to be able to take over the strait. Hey, remember when they bragged about sending all of the the the aircraft carriers and and mil and and ships before all this happened into the Middle East? Oh, hey, where's the where where's the Abraham? Where where where's where's the where's the Gerald Ford? Where are these aircraft carriers? How come they're not over there? So, there was I'm telling Hey, here again, I launched Occupy Peace, by the way, over a decade ago. I had major peace rallies. Roger Waters just did a live broadcast, one I did with Judge Npalitano, Scott Ritter, uh, uh, Dennis Cassinich, on and on and on. So, I'm a man for peace, so it ain't BS. Let's go back to what war has America won since World War II. Let me know. Couldn't beat the Vietnamese. Couldn't beat the Afghans. Lost in Iraq. You're going to beat The Persians ain't no way, ain't no how. My greatest fear is nuclear war. Again, look up the Samson option, S. Israel says if they lose, they go nuke. And there's more and more talk about it. And again, I'm concerned about a false flag event that will unite the people like they did with 9/11. >> Scary times. >> Yeah. Yeah. >> The scariest of my lifetime. Right in front of everybody's eyes. and that there's no major peace movement going on. Most of the people are opposed to this. And again, the people are paying for it. We're the ones that are paying for this war. And um it it already $200 billion they're talking about. Let's go back to February of um 2025. President Trump said he was going to cut the defense budget by a half a trillion dollars. Let's go back to February 2026. He said he was going to increase the defense budget by a half a trillion dollars. Again, the more money we spend on this, the deeper our economy goes down. And again, what's going on in Europe, look at the price escalation of what's costing them there with with fuel and energy. It's off the charts. And again, we were already in a recession before this. Germany was in two years of recession. Oh. Oh. Our economy grew 0.2% in 2025. What? What are you talking about? The whole global economy was going down before this. The equity markets were going down before this. And now a very bad situation has become much worse. You know, this is interesting and it kind of brings up um this other part of the story be you know because the same system stress you're talking about in war is kind of showing up somewhere else too and that's AI. I mean we saw a notable shift in credit markets recently. Investors are paying closer attention to credit risk around Alphabet Meta Microsoft as the AI buildout gets more expensive. Now you've argued that this AI boom is another bubble right built on hype debt concentrated power. Let's talk about that right now. Uh move from the battlefield to the balance sheet. What are you seeing in AI right now? That kind of tells you that the story is starting to crack. Trends are born, they grow, they mature, reach old age, and die. You don't invest all your money in the infant that was born in 2022. And that's what they did. Again, one of my sayings was the business of America has been war, and the business of China has been business. Look what China is doing. Let's go back to um was it 20 I forget the date. 2024 2025 um January. All of a sudden we hear about Deepseek. What's a Deepseek? Oh, Chinese company that that uh it didn't cost them $100 million to do it. It cost them $6 million to do their their AI. China is going to lead the world in AI. Let's go back several weeks ago. Asia had a big AI summit. Leaders of France, UK, one after another, all there, all the top tech guys there. You don't have to be good at the numbers to figure this out. Let's go back again. Make tracking trends. You make connections between different fields. We're saying China and Asia is going to lead the world in AI, not America. Let's go back 25 years ago when Bill Clinton brought China into the World Trade Organization. 10% of Chinese 18y olds went to college. Today, nearly 70%. China or America has what, 343 million people. So, and what do they You got to put the numbers together. China is investing very heavily. We write about it each week into AI. AI is the future. Love it, hate it, want it, ain't it's what is. And we believe that Asia is going to be the leader in this. They way overinvested in these equity markets in the United States. Oh, the Magnificent 7, what drew up the the the NASDAQ. They've overinvested in these companies. They're losing a lot of them are losing money and again you're going back to why these private equity groups and people are pulling money out of it because a number of them have invested in that and also AI taking over companies that you're not going to need anymore and they're going down. This is serious. But again, when all else fails, they take you to war. This is out of the news now. We've been reporting on this for weeks. again that everything was going down before they launched the war on February 28th. Everything was going down in the equity markets. >> I got to ask you, I mean, you know, because your point is that the AI boom has attracted too much capital kind of too quickly and a lot of these players still are not profitable. Now the smart money is starting to pull back. What tells you that this has moved from aggressive investment to kind of overinvestment? Is it the valuations, the debt, the the power costs, or the fact that too many companies are are showing real returns? >> All of those three. >> Yeah. >> And again, most importantly, that China's going to lead the world in this. >> You're going to pay a lot less to get a lot more. Again, you need proof. And by the way, when I say Bill Clinton bringing China into the World Trade Organization, again, I'm a I'm a political atheist. Just to make it clear, this is one of the t-shirts that we sell. All right, just to make it a thousand% clear. When Bill Clinton brought China into the World Trade Organization, I'm talking about China here. This is a t-shirt I did when he ran for office in 20 in 1992. So now going back China We weren't buying furniture, clothing, all this other stuff from China. They brought them into the World Trade Organization. Now we they became our biggest importer. That's why I'm going back to AI. Before China came the Before they let China come into the World Trade Organization, China didn't have the heavy industry or high-tech technology that they have now. They got it because all these western na companies that went there gave them everything they never had. Go back up into 2015. Oh, the sales of BMWs and and and General Motors and Ford and and all all these sales are booming, booming, booming as China's economy was growing. Then China got everything they never had before in the technology, both high-tech and heavy industry. Hey, who's leading the world now in EVs? Oh, it's China, aren't they? One after another, China's taking the lead. And that's why I'm saying China is going to take the lead in AI and these American companies that they've overinvested in are going to go bust. Not all of them, but many of them. And that's going to crash the markets even more. >> Interesting. I mean, you know, the counter would be that the WTO kind of entry helped global growth, too. It lowered costs and it benefited US companies for years. So is the real mistake China joining the system or is it America failing to protect and rebuild its own industrial base after that? >> It goes before that. It was little slick Willie brought China get the jobs out of America. Bring them back down to Mexico. You get cheaper labor. All right. >> Everybody forgot about NAFTA. Again, you know, again, it's not what I like what I want. Again, I to me they call it a government. And I call it a crime syndicate. I happen to be in favor of tariffs if they brought manufacturing back to the country. We used to have a manufacturing base here. Now it was on what some under 10% is manufacturing. We got again going back to the Gen Z revolution. They got no future. And again they deregulated everything. Yeah. here. When I was a young guy, they had things called grocery stores, hardware stores, shoe stores, clothing stores, grocery stores, fish stores. Matter of fact, four of my uncles on my father's side had fish stores. One in Rio Park, one in Flushing, one of Jackson Heights, and one of the Bronx. Well, uncle had a butcher shop. There was a middle class in America. >> Mhm. >> Now, you want to work at Target? No, I think I'll work at Lowe's. No more hardware stores. No, hey, Home Depot, right? They deregulated everything. You know, once upon a time there was this Italian guy, you know, I wouldn't have been very fond of when I was alive, if I was alive, when he was still there. His name was Mussolini. The merger of state and corporate powers, his definition, fascism. Got it? That's what we got. >> The corporations run the country. Corporations run the world. They they run it. The facts are all there. You could look them up. And so they've lost we've lost the what America used to be, the land of opportunity. When when all of the uh you know the the my parents, grandparents generation, all people from Europe wanted to come here. Now look at the people that are leaving. And by the way, when I was a kid, again, I grew up right after the war. I used to hear them my my older brothers and sisters saying this making fun of what was going on. They were born during the war. Whistle while you work. Hitler is a jerk. Mussolini bid is weeny. Now it doesn't work. I remember that as a kid. Anyway, it it was we became again we we're doing a deal with Intel. We're doing a deal with this one, with that one, with this one. We're getting pieces of it. The merger state and corporate powers. It's fascism. >> Yeah. Um, listen man, our our time always goes too quickly together, but I I want to touch on something quite important. It's something that you talked about because I mean, finally, this information side. I mean, there are comments and reports suggesting possible scrutiny from the FCC over broadcast licenses and so-called patriotic coverage of the war. Now, critics say obviously that that creates a chilling effect on the press. Listen, is as someone who has argued for years that disscent gets squeezed in wartime, how dangerous is this moment for independent economic and geopolitical analysis? It's gone. Again, there's a there's a movie that they did, one of my books um is called what Zidzy gave Honeyboy, a true story about love, wisdom, and the soul of America. Zidzi is the Neapolitan dialect for auntie. And they did a movie on it. You can see it if you go to YouTube, Zizzy and Honey Boy. And Doris Roberts, the woman that used to play the mother on Everyone Loves Raymond, her last starring role was playing my aunt. And Doris Roberts died 15 minutes into the movie. Anyway, the movie begins with me getting blacklisted from all the media. I used to be on Oprah, The Today Show, Good Morning America, on and on. All over, all over, all over, everywhere. Uh, USA Today used to be a big newspaper and they used to have me on all the time. In fact, I used to do major talks with them and I was with Major the Prime Minister and they used to do my top trends every year. And one of my top trends for uh 2001 was 2001 won't be our year, Trend Seier says. And I warned that a wave of anti-Americanism was sweeping the globe and that the United States was going to be a major target >> and then 9/11 happened. I'm on all the media. How'd you predict this? How he said every time Bill Clinton got caught with his pants down was bombs away over Baghdad. Then they then they they then they had the Yugoslav war. They overthrew that government and what's going on in in Israel and Palestine. And I see they used to say in the Bronx, "Payback's a >> and Iran's not and America's not going to win this war." I got blacklisted from everybody. Totally taken off. Going back to that time when the Iraq war broke out, there was a guy by the name of Phil Donu. Took him off the air. He was for peace. Go back to any of the media. How many people do you hear on the mainstream media talking about peace? How about zero? How about, again, not my language, who's just bought, uh, uh, uh, CBS. Oh, uh, Larry Ellison, one of the richest men in the world, bought it for his kid. Oh, yeah. And who did he bring in? A woman by the name of Barry Weiss to run it, who calls herself, quote, a pro-Zionist. And what did u uh, again, you could Google this up. It's in Wikipedia. I'm not making this up. um uh his son said that when they take over CNN he'll be very happy about that and how pro-Israel they are. So they're taking sides. There used to be a thing called the fourth estate. There was the the the the legal system, you know, the Supreme Court, the presidency, Congress, and journalism was the fourth estate gone. The big zone, everything. You got a guy who just bought up the Telegraph in uh in um uh I forgot the name. Spring, I forgot the name of the the group in Germany. Big big group. They just brought the Telegraph uh which is a conservative outlet in in the UK and he said we will not permit anti-semitic statements. What do you mean anti-semitic? Don't call me an anti-semite if I'm against the war and I don't like killing people. You know it's I be if I was against Mussolini, would I be an anti-Italian? I don't want to hear this stuff. So there's no media anymore and and they're they're clamping down on it more and more. Trump was bragging about how happy he is that the FCC chair came out and said that we have to stop this. And again, one after another, you got this guy Hex coming out saying that it's unpatriotic or words to that effect. I got to be clear so I don't get sued of that the med that when the media and Fox coming out it's unpatriotic if you don't support this war. How dare you say that? How dare you say I can't think for myself. And that's what the meeting's gone. It's gone. It's dead. Hey, going back again to Slick Willie. Let's go back to 1996. He passes the Federal Communications Act that deregulated the whole communications industry. There were thousands of independent TV stations, radio stations, uh, uh, newspapers, magazines. But now, six companies control about 92% of the media. Again, brought to you by Slick Willie, the big zone, everything. Again, going back the merger state and corporate powers. You think this little clown boy who was a little nobody from anywhere that was worth nothing. That's why worth that what about $130 million. Little Clinton he gives a you could hear him BS for free goes to Goldman Sachs does a talking what $300,000 or something like that back in the day. Well, these are payoffs. Oh, no they're not. They went into our fund. Yeah. Okay, I got it. And one after another Obama, another guy with no dough. How much is he worth now? Genocide Joe Biden. one after another. Busted guys are worth all this dough in their kids. I forgot his his son uh uh Biden's son after they overthrew the government of Ukraine. We got he who was on Barisma the board of directors of Barisma Energy. I mean, you know, come on. It's there for everybody to look at. >> It's an interesting one, Gerald. I mean, so you're saying once you openly called for peace, the mainstream door started to close on you. Hey, let me ask you a question, Gerald. I mean, you you've now you've given us the warning, but now give viewers the other side. I mean, in a world this unstable, where do ordinary people find hope, opportunity, and a real way forward here? >> Hope, by the way, is the most negative word in the metaphysical dictionary. >> Means wanting something to happen without doing anything. >> And to me, right now is GC's three G's, guns, gold in a getaway plan. And but we need a peace movement. You know, back in the day, it was a thing called Occupy Wall Street. I remember being in Frankfurt, Germany. It's about 2011 and they were even protesting over there. They had they had Occupy Wall Street things. There's never been a better time now for a major peace movement. And again, I launched Occupy Peace. And again, over a decade ago, I had Ralph Nater one after another here. If there was money behind peace right now, if these billionaires put money for peace, we'd have it tomorrow. The world wants peace. You got a bunch of maniacs running. People say, "Why do they do this? Why?" You don't ask why crazy people do crazy crap. There's never been a time better now in my life for a peace movement. And again, the reason why there's no peace movements going on. And I grew up during the Vietnam War. And by the way, I did everything I could to avoid the draft and to make this a thou. And again, I'm the same age as Trump. I believed in it. I believe the crap when I was a young guy that they were selling that if we don't stop those Vietnamese, they're gonna take over Asia and before you know it, those dominoes will hit the shores of California. I believed it. I just didn't want to get drafted so I didn't get my brains blown out. Anyway, why were there strong peace movements back then? Because of the draft. >> That's why that where where are all the religions now? How come they were all not out in the street going for peace? We need a major peace movement. It's up to the people to make it happen. I'm telling you, it's up to the people to make it happen. And there's never been a better time for because the people don't want this war. >> Hey, go back to your Trans Journal cover a couple of weeks ago. Trump's quote. He launched this war against Iran because quote it was my opinion that they were going to attack first your opinion and then we wrote shove your opinion up your you know what show us the facts you don't start wars on opinions so here you know Jeremy this guy across the street you know him and I got in a fight you know I thought this guy was going to kill me so I killed him first because I thought he was going to attack me first what if I went to court and said that they locked me up and throw me in jail. You started a war on your opinion. Oh, in violation of the Constitution. Your opinion. How can you get away with this stuff? I'm not making it up. Those are his words. So, you ask me what can happen. It's up to the people to do it. 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, said Samuel Adams. When the revolution happened in America, they say under 5% of the people supported it. It takes that I rate tireless minority to unite, and there's never been a better time for it than now. So, I mean, Gerald, if if your prescription is kind of protection, preparation, and and peace, what's the first practical step you want viewers to take tomorrow morning? Number one, get in the best shape you can physically, emotionally, and spiritually. And look at things to the way they are, not the way you want them to be. And again, that's what we do with the trends journal. We just put the facts down like what's going on. We subscribe to to Hahadets, the Israeli newspaper. We we go to the Times of Israel. We go to Jerusalem Post. We go to WNET. We want to hear everything they have to say. Oh, we go to Press TV. That's the only one up. We can get very few from Iran anymore. Oh, we also go to Arab News. Alazer want hear what they have to say. Oh, we go to France 24. We go to DW. We go to Euro. We want what the Europeans have to say. We go to the American news. We say this is what they're saying. We put everybody what they're saying. So we don't get one side. This is our analysis. This is our trend forecast. So we're telling the people, don't turn on the TV and watch this stuff. It's a waste of time. Start learning >> and you can't stop. And number two, very important, I me mentioned this before and I forgot. There's hardly any photos of what's really going on of what Iran is doing to Israel. Iran says they're attacking, attacking, attacking, and we see hardly anything coming out. So, we don't know what's going on. Now, think about it. Again, this isn't me. This is what's being reported. They say in that if you're sending films out or pictures out of Israel, you get fined for it, some $5,000. So, they don't want and we don't know what's going on. They're showing blowing up in Iran, but we don't know what's really going on. Oh, and very important as well. Over a million people have been displaced from their homes in Lebanon. >> Now, imagine you having to leave your homes. Everybody listen. Imagine. Imagine over a million. So we're ex we're very concerned about this war expanding. And then they say, well, the reason they do it is because Hezbollah attacked Hezbollah. You mean the Hezbollah that threw Israel out back in the 2000s? You Hezbollah? Oh, they threw a missile into Israel. Google it up. How many times has Israel violated the ceasefire agreement they made with Lebanon in November 2024? How many times? Google it up. The numbers come up as high as 10,000. So, we're very concerned about this. And again, so ask what the people could do. Keep looking and searching and don't get caught up in a little mindset. I'm a conservative. I'm a Republican. I'm a Democrat. I'm a liberal. How about being an open-minded person? And get out of your little box. >> Well said, Gerald. We'll wrap it there. Always direct. We appreciate you making making the time for us today. Uh, a lot to think about. >> Thank you so much for having me and again, thank you for what KitKo does, the people you have on, the information you put out. Again, I go there every day, every day, day in and day out and I recommend it to everybody. >> I appreciate that. That was Gerald Cente. Thank you again making the time. Appreciate it. >> Thank you. >> Cheers, Gerald. You can of course check out Gerald's trend journal for more on his take. And whether you agree with his conclusions or not, the issues are real. stress on energy flows, the rising cost of conflict, and markets still trying to decide what safety looks like when war and economic pressures collide. I'm Jeremy Saver. If you found this helpful, be sure to hit that subscribe button. Stay with us right here on Kiko News. Thanks for watching. Heat. Heat.
War has a way of exposing what was already broken. As the conflict in the Middle East enters a more dangerous phase, markets are flashing a massive contradiction: oil remains volatile and shipping routes are under severe strain, yet gold and silver are suffering a sharp weekly sell-off. In this interview, Jeremy Szafron, Anchor of Kitco News, sits down with Gerald Celente, Founder of the Trends Research Institute and Publisher of The Trends Journal, to break down the "Gold Paradox" and what it reveals about the state of the global economy. Celente argues that the current price action is a "rigged game" designed to mask the dire straits of a U.S. economy facing a $40 trillion debt level. They also dive into the tactical escalations surfacing in the Middle East, including reports that the administration is weighing a move on Iran’s Kharg Island—a hub for 90% of the country’s crude exports. With a $200 billion war funding request on the table and diesel prices pushing past $5.00 a gallon, Celente warns that the "war squeeze" is now hitting the American kitchen table. Beyond geopolitics, Celente provides a blunt assessment of the "Dot-Com 2.0" AI bubble, explaining why he believes China is poised to lead the technological race while Western "Magnificent Seven" stocks face significant overinvestment risks. Recorded March 20 2026 Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Gerald Celente on X: @geraldcelente (https://x.com/geraldcelente) Timestamps: 00:00 - Introduction: The Market Contradiction 01:10 - Gold and Silver Selloff: Safe Haven Trade Breaking Down? 02:46 - Gerald Celente on Gold Price Suppression Claims 06:58 - Who Really Controls Gold, Oil, and Market Prices? 10:37 - Historical Pattern: Economic Crisis and the Road to War 17:40 - Main Street Pain: Inflation, Fuel Costs, and Consumer Stress 22:08 - Oil Price Spike Warning: Why Crude Could Surge Higher 26:53 - Nuclear War Risks, False Flags, and Escalation Fears 27:23 - War Spending, Recession Risks, and Economic Decline 29:43 - Why China Could Dominate the AI Race 31:09 - Magnificent Seven Overinvestment and Tech Market Danger 37:26 - Media Censorship, Wartime Narratives, and Press Freedom 44:17 - Gerald Celente on Building a New Peace Movement #Gold #Silver #GeraldCelente #KitcoNews #MiddleEast #Inflation #OilPrices #AIBubble #Recession #Geopolitics #MarketManipulation #KhargIsland #WarEconomy #DebtBomb __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram: https://www.instagram.com/kitconews Facebook: https://www.facebook.com/KitcoNews LinkedIn: https://www.linkedin.com/company/kitconews Listen to the PODCAST on 🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233 🎧 All podcast episodes available here → https://kitconews.buzzsprout.com Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.