more of what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms. race is often very dramatic, development only personally, i'm going to resist. i don't see how that strategy will be successfully, very critical time. time to sit down and talk ah whoa, happy new year special kaiser report with the one and only gerald salenti, originator of the trend forecast, man know stuff. we spend every new years eve with joe to lead the if you will have us even if you want have us. we just like, hang outside his house and say,

hey daryl, let us, let us in. gerald, welcome to kaiser report. oh, thank you so much for having me. i admire both of you so much for all that you do and the information that you give the people around the world. thank you so much for having that. we've lived through another year 2021, and we're heading into 2022. i suppose. we'll kind of look back on 2021 as we head into 2022 with you. the biggest trend that you report on in the trends journal right now is of course, the c word which, you know, alternative media such as ourselves, are not allowed to mention anywhere on social media including you to where this is also broadcast or twitter. we kept mentioned the c word and even, you know, the fact that that total economy, that the financial system, the monetary system have been totally reengineer. and we've been flooded with trillions upon trillions and trillions of dollars of new money to fix this see word situation where and the fact that we can't really talk about it here. let's talk

about that trend and don't mention the c word you can say, pandemic. i guess, but the fact that we have this weird situation of a sort of orwellian moment. like, what does this tell you, one of things, or look what is going to happen with the global economy, as they're forcing people to do what they don't want to do, and they're excluded from going out and traveling. take a look at the data. and this is from the wall street journal, back in the beginning of this month and happy new year to everyone and see you in maxed the bookings between the united states and europe, the for the week starting november 29th. and this is going into mid december, we're down 77 percent from the 2019 levels down 77 percent,

j. p. morgan. and now sta, we're not going to have our big health conference in san francisco. we're going to do it by zoom or a oh, don't worry about all the restaurants. solo tells all the businesses, the taxes that come in with conventions and trade shows. they're gone. you're looking at office occupancy rate in america at 4. he percent. that means 60 percent aren't coming in. what happens to all those businesses? and now, with the fear that spread with the new, i see were heard that came out of the moronic via part. the look what they did during christmas holidays all over the won't buy all of the western world. oh and china. a chinese doing great. did you see their numbers

coming in? oh, yeah. could sue is spending is down that you're a housing is down. numbers are going down to all locked up, no travel. so this is very serious. we think one of the big trends that we're looking at in 2022, they're saying stagflation we call drags lation. economy is going to drag down, and inflation is going to keep going up. and when you're looking at, you're looking, by the way, john williams shadow stats. you, i admire his work, you know, because a rigs the inflation of his housing isn't included. oh, you're not eating steak any more valuable. you're eating ground beef, it didn't go up the, the prices didn't go up, so they rigged the prices for 2 reasons. so they could keep interest rates low, and the gamblers could keep gambling. and so they don't have to pay more people social security because it's, it's geared towards inflation rates, the real inflation rates about 15 percent. so when you're looking at interest rates,

you have negative interest rates. so now they're going to raise interest rates are gonna raise a, maybe the raise of, you know, to 3 quarters of a fed rate, about 3 quarters of percent. either even afraid to do that because they can't stop the slow at cheap money. so we see this thing going down and inflation going up, dreads lation, not stagflation. and just quickly look how they lied to us, or it needed a light, or they got to be the dumbest people on earth. let's go back a year ago, december. this isn't your own power the fed head. oh, this inflation is nothing. oh, it's only temporary. oh no, no, no, from temporary went to transitory. and now they're shay, well, you know, because of the supply chain disruptions and other things, it's not supply chain disruptions as that much of it. it's all this cheap money had

dumping into the system that saw it officially propped it up. you said something interesting there about the resa interest rates are low as to keep the speculator speculating enough to point people over luck. they are told that the re, the reason interest rates are low is to stimulate the economy to stimulate job growth and to stimulate the ged pain. while we know, actually the reverse is true, that by keeping rates artificially low, they are a sty, meaning a job growth, they are killing the economy. and as you point out, it's purely for the benefit of those who borrow at those low low rates. and they speculate in the financial markets which are now magnitudes bigger than the rail economy. and when they make a bad bet, they get bailed out. when they make a good bet, the keep the prostate. what's interesting, gerald, is that they were able to hide the inflation for a long time as you point out by using had donek adjustments and substituting hamburger for stake or bugs for stake now. but now we've got a situation where it's obvious that prices are running away as people notice it for

groceries and for energy. so j powell, when he's testifying before congress and saying that they're thinking about maybe raising rates at some point if they see some inflation, it's clear now to the population that this man is and is a tyrant, essentially a son in a to put it into historical terms and you'd have to go back to benedict arnold to find somebody in american life who was so obviously and patently, undermining the integrity of our government in our way of life. gerald, you said most people know that people that listen to you and, and stay see the as a people that you know that the mark morse's in ear, george gammons myself. you know, we're, we're a minority. most people believes a b s. and that is, and of course the mainstream media keeps repeating it. this is the worst that the fed gang has done since they were invented by another murderous clown that

a woodrow wilson in a 100 a years. they've been lying to us and say, oh, when inflation rate goes over 2 percent, a number, they made up back around 12012012. we made, we made the number up to percent. and now it's way over 2 percent. and we're thinking about it, we're not too sure, but we'll let you know. you mentioned j. p. morgan had cancelled their big convention the conference they were going to hold in san francisco. and actually, not only was it, some of the see were in a restrictions, but most people were afraid to actually go, that the attendees were afraid to go to san francisco, maximize right we, we refused to go to san francisco. and so let's talk about that because we've used the quote from busta all the time paraphrasing prep, frederick boss, yet saying that when plunder becomes a way of life for men at the top, you know, they cree of more legal system and

a moral system to justify it and it seems like san francisco is the epitome of that . not only do you have nancy pelosi, representing the region in the congress. and she's like, arguing for insider trading by congress, members of congress. but you have the, the state of california has said like, we won't prosecute anybody who steals under a $1000.00. so it we, you've seen just get won't go broke for real, happening in a wild way in california. and we have refugees fleeing that heading to texas. heading to florida, heading in or out of those sort of states. what do you think was the trend with that you, you, you talked about california. the exodus rate is it's, it's, it's, it's off the charts. when people lose everything and have nothing left to lose, they lose, and they're losing it, and they're losing it all around, all, all across the country and around the world. again, the rich got richer as max was saying, you know,

they used to cheap money to buy is an artificial merger acquisition activities in all time. hi. why don't people want to go back to work? where do i want to go to work? i want to work with home depot. no, i think amazon i, you know, i like dial a general. where are you going to here to job starbucks? you know, you got a job in starbucks. you could be the if he is the new person coming and makes almost as much as you do, which equals next to nothing. how could you live on $1215.00 an hour? look what's going on in the housing market. oh, housing markets going up. but people can't afford to buy them, so the apartment rentals are going way up because they can't afford to buy. so the people that have when this, when they locked down things people say themselves, i don't want to go back to work. i don't want to do that any more. i think i'll go steal and rob, who's even stealing a robin from me? why shouldn't i steal and rob from them? yeah, good point and that's become plunder away of life warned about by frederick boston

. oh, back of the 19th century, you know soon something interesting is happening in the trend. watch area sick, a secular move. you'd have to go back to the 1970s to find something similar. and that is the return of labor organized labor in a push back by labor against the financial world. typically, historically, economically, there's always been a pendulum swinging back between and over law financial ice world like we saw, the 1920s, led to the 1900 thirties and come back of labor. you could call it. now we've got the from the reagan ism, up until present day, the total financial zation of the economy collapsing in 2008 and continuing to collapse today. for now, there seems to be a movement towards labor, is a secular move, is it going to be with us for a while? and where does that go? it's one of our top trends to 2022, actually unionization. and i mentioned starbucks, they're the one that's leading to charge you got caught kellogg, deer, and a number of companies to people. is it supply and demand issue?

so now they can that now they could. now they go on strike. now they can demand not to work and demand more money because people can't fight employees. so this is going to be with us awhile and i and at now all. so i'm not saying the right or wrong, the good of the bed. i'm putting the fact out even to demand more money, right? inflation keeps going up. right? again, even though they demanding more money with inflation. as i said, the real, if he used the fake inflation number at 6.8 percent. wages only went up 4.8 percent . so it is still down to percent. so they gotta keep fighting fits right because i have no food at the new york times describe that loss of wages as an improvement in wages. so here's a nobel winning economist, you can add or subtract apparently. but i want to ask you about the that this labor organized labor because i've often said in this is i think a position i've never heard by anyone but myself. make this position that the

minimum wage laws are the poor man's central bank. in other words, if you're on wall street and you get to borrow money at 0 and make 15 to 20 percent a year without any risk. other there is a counterbalance of that in terms of the people who are out of wall street called minimum wage. i'm all for getting rid of the minimum wage and let the free market determine wages if we can currently get rid of the central bank. gerald, i want to say we're going to come back in the 2nd half after this break. we're going to top up or champagne glasses for this new year's eve special. we're going to come back with an answer. this is a cliffhanger. first ever on kaiser report. ah ah ah christmas the traditional use of this year making this traditional with a special miss guide,

ah, christmas tolerance diversity guide. we all know that christmas is a family holiday. so make sure all your parents are properly number. i am this year, follow the agenda. and make us know woman hands denise. no man or even better at this new person designed for themselves. ah ah ah no gifts, no, don't want any better. prepare your children for the brave new world. to remember. diversity is not at i o is no longer an appropriate costume. this is appropriation, zoological appropriation offensive to the dia,

community. mm hm. and obviously, sandra, m o has to be cancelled. i because he is a white, his gender male who amuses mrs. claus discriminates against children based on behavior. whereas red, which is a communist color, makes children sit on his lap, makes people destroy trees and exploit sales. so sorry kids center is not coming to town anymore. i follow these instructions, stick to the spirit of christmas. you decide. i o s, things that have happened in the world are being done by people who had

a great vision of how society could be better than that great vision. typically the left hemisphere representation is not real, it doesn't take into account any of the complexity of reality. the subtlety of various and complex people i put them into categories is this lot is bad. we'll get rid of them, you know, and change is an organic process, changes on evolution, and the opposition is not between the status and everything must stay the same and everything must be ready. key chains, a radical change is not the way that that kill ah, welcome back to the kaiser report. i'm next time we're going to continue with our conversation with the one and only gerald salenti the way we left before the break

. i asked the question, i said i'm the only one that has this particular position that i know of, and that minimum wage is the poor man, central bank. in other words, i'm against minimum wage and a free market economy. i think free markets to determine prices, but an economy that is governed by the central bank, which is a polar bureau, that sets the price of money. it's a centrally american communism. you need to have a counterbalance called the, the minimum wage, or otherwise you're going to have slave slave lambda as you call it. what is, what do you think, gerald? what's the minimum wage? it's, it's nothing it's, it's just a phony phony number. the throwing out there, right, well, we can just try and clear that he's doing something to adjust for the real inflation that you mentioned. the minimum wage in america would be now $60.00 an hour, which is a living wage. and that's the way would be if there was a frame, if there was any adherence to any economic principles outside of the delusional. coughing it, coming out of pol crossman. that makes no sense. right? gerald,

i'm totally against the government putting any kind of mandate on what the wage should be and who would they to decide anything? because tell me anything that they've done where you could show me a success rate. i know the africa had what they did great on that one. no. why are you talking about the nobel peace prize? how about the nobel peace prize? you know that was that guy, obama that got it. yeah, i want that guy could off he added it. we're going to destroy would be the richest country in africa with people had more rights in and benefits. and then a lot of your peers, i want that guy is sought out at arid syria. how about that guy over there in ethiopia that they just gave the nobel peace prize win a gift to? oh yeah, the one that started the war against achieve christ. and now you have the 2nd most populated nation in africa at war. so going back to the nobel prizes, they have no bell pieces of and the people that get them fit into that

category, obviously. so again, in a free market economy, the government should be telling us nothing to do other than i believe i liked it, sherman anti chustek, the clayton anti chustek, the glass steegal act, the robinson patman at dad presented the bigs from monopolizing the country. and now the world, let's follow on the 2 themes here. so 1st of all, you mentioned that the return of labor is it's going to be a good thing. is that a bad thing? and of course, the, the story of labor in america and capital versus labor is intricately tied to the situation with china. china took all our jobs because the capital sent all our jobs to china. so we see that they said it is trap happening is um, is there going to be a war which i know it looks like in that the last weeks of this year of 2021. we saw a lot of like multi front conflict starting to emerge between the declining empire

and the rest of the world. now we don't see what would shine as a city united states could. what could be a bill is $680000.00 taliban. it couldn't winning, couldn't win in, in, in iraq. now, erica touched shine. and shine is going to do what they want. one of our top trends to 2021 was china, 202120th century was the american century. and the 21st century is going to be the chinese because the businesses america's been walk in the business of shyness business, they're going to do what they want. and, and not, of course, i'm not for it. i'm saying, what is it, who's going to stop the me going to take over, which i want to going to do what they want. and now they're making you deal with russia. so it china and russia needing was america go to unite with who's going to fight them and they get no, i don't see it happening at all. and if they do go to war, it will be that was where they asked einstein, what kind of weapons will be used to fight to 3rd world war. he said, i don't know,

but they'll be using sticks and stones to fight the 4th. yeah, you mentioned russia and china now coming together and that's been in the works for quite some time. they have of course one road 11 felt belt. preventative, which is the time that all region together. and it's part of that enormous economic zone that is going to be dominating for quite some time. the one wildcard of the in the geopolitical arena. and this is pure speculation. but if you put russia and china together, how, how tough is it going to be to put germinated with those to the charities that you know, they're interested in money? and i don't think that if they go for the united states attacking russia, getting involved in it, i think the cherry what we should be looking at all. so what's going on in the middle east, particularly with turkey, with their, their leader has dropped 45 percent just this year alone against

a dollar their real inflation rate as well over 40 percent. and again, one of the things i always say when all else fails, they take you to war in order to win, as i have a very good track record of doing at the, the, the president, particularly with his popularity slumping. and so i'm concerned that we're going to start seeing more action breaking out with turkey against other countries, particularly syria, the kurds, and the other one to look at to is what's going on with israel and iran with the nuclear deal. so to me, the concerns are with the war front bar, the middle east, and again, what's going on in africa. they don't make it in the news, hardly at all. what going on in, in ethiopia is very important to look at the whole horn of africa, which sudan, this, this is bedlam up there. and by the way, you want to see a migrant crisis happen. you haven't seen anything yet. you mentioned that if we

have a war with china, the next war will be with fought with sticks and stones. but one of your trends for 2022 is you know, citizens, especially of the west of a high surveillance stay high tech world. seeking low tech alternatives and you can you explore that trend further about a low tech future is simplicity is they do they've, they've gone to check in to anyway, we're talking about a supply chain disruption. look what's happened with the automobiles. you know, once upon a time, it was very, very simple. and now something breaks down on your, on your screen and it's like a $68000.00 problem. the same thing with equipment. so now you're going to start seeing a lot of companies going back into simplicity. now we don't have to make it that complicated. so you're going to start seeing that and it would be a great entrepreneur. opportunities. do you know what the product,

the average price is? automobile now in america. 40363 dollars, 40000 dollars. well you making $15.00 an hour. maybe. how are you going to afford that? no, there would be smart to becoming back with more simplistic automobiles and more simplistic equipment because they've gone way too high tech. they used car market is trading at a premium to the new car market. and so that's very unusual in it. it shows the market failure, right? because there's no good price signals. and the, the answer gets back to money printing. so even if there was a return to a more simplistic automobile manufacture, you know, you still have the problem that the economy is a wash in all this fi out money. and there's no way to pull it out. they know they can't raise rates because of what we discussed earlier. structurally, the bond market won't tolerate it, so they can only go to the question. is gerald, are we heading into a hyper inflationary? why mar republic collapse, or will it be a deflationary 19 thirties,

depression type collapse? i think it will be a combination in the sense that there will be, as i said, address flacier. you're going to see the economy go down and inflation keep going up. and it's, it's not going to go away and it will d, a y more republic. i think more of more of that in the sense that the, the standard of living is going to continues to decline dramatically. and then again, you're going to start seeing a lot of a lot of conflict going on, new political parties being formed against the establishment. the there are, there are a lot of people are totally disgusted what's going on. and so i believe there's going to be, as i said, drag flayson rising inflation, declining the economy, declining living standards, and going back to an occupy wall street mentality. one thing that came that occupy wall street was the one percent. no one ever talked about that before. and now the

one percent are in total control. and you going to start seeing rebellions going on and again, goes back to the unionization, all 3 of us live through the stagflation of the seventy's. what advice do you have for the zoom or is in the millennials? of course back then, we didn't have a surveillance state. we didn't have social media, we didn't have a med averse to escape, and to we didn't have fentanyl and all these sort of narcotics and high overdose test. so it's kind of a different scene and structure in the u. s. economy at the moment. but what, what sort of advice is mr. begin for them on this new year's eve speaking only for myself, g, ashby, gold, silver, bitcoin. and you, so it happened in the middle of december when the set even came out and said they were going to raise rates. all of a sudden, boom. gold jumped back up again. so i started gaining more strength and bullish on silver by the way, not so much as a safe haven, but them using it more and more in industry, particularly solar,

paddling and other things when you throw silver. so good in all the computers and everything else. so that's why i say, and of course there's no body that knows bitcoin him, he's got, that's guy who's the number one capital and i feel it was the 1st to call it out. and so i'm, i'm totally on board with would max has been saying on it and i'm on, i invested, i read recently that during the pandemic and people were locked up at home, a lot of people took up new hobbies and one of those hobbies a lot of became very popular, people started to cultivate plants at home. and this story was about people have become addicted to their plants and they're going broke, taking care of their plants. and i noticed you're sitting on a set right now and you're surrounded by plants. have you develop the plant that dixon gerald? now i, i, i have over 20300 plants in my office and that's normal. and the reason i do is i, i try to surround myself with beauty and get my mind off all the ugly. going on,

so i take care of the plants and stuff. that's why i took it. and i quickly on that thing you were just talking about because joe biden, this year, his administration did mention that sanctions against countries like around was more difficult because of the coin. and i think that was a profound statement and kind of ties to your theme of a possible war. and whether or not that might happen is if, if, if the quinn makes it impossible to have these sort of wars it's, it can bring some sort of piece. what do you think of that? many actual do anything, they don't care about facts. and again, to me it's, this is the safe haven ask said so what are looking at and yeah, looking, and i mentioned to you about 40 percent occupancy rate in office occupancy. right. what's gonna happen in commercial real estate sector? oh, and when interest rates go up, what's the debt level in united states? oh, it's only wide,

30 trillion and they just stop it again. you gotta pay more money now when interest rates go up, what's gonna happen? all the junk bonds. so you're looking at, you know, did, when interest rates go up, well there's debt levels going to explore. well, an explosion is a good way to pop the bubble into the 2022 year. we all look forward to speaking to you again and happy new year, mr. bogey himself. thanks to watch a kaiser port. new year's eve special show at gerald. select de bax kaiser. stacy harbor until next year, buffy all. ah ah, [000:00:00;00]

the news? the news so as the world celebrates the new year with spectacular fireworks coming up, they saw we look at some of the positive predictions being made 1st 2020 with financial experts forecasting the global economy that the growth squad, inflation they think will start to fall into one major investment bank anyway, and of course we review the year that's just gone as well with look at some of the big political backs, but unfolded into the controversial defense steel that sold from loggerheads with the