Transcription
Hi, welcome back to the Dingella Cambon Show. Uh, thrilled to have our our longtime friend Gerald Chalente of the Trends Journal back on with us. You know, it's the start of summer when Gerald joins me. I can officially say that the sun the sun is shining again. Gerald, so good to see you, my friend.
Ah, I love being on with you. Thank you so much for having me on and what it does. It's great. Great. I really appreciate it.
We appreciate that. Uh, listen Gerald, I I I you know, I know we didn't speak too long ago, but I feel with everything happening right now, we needed to bring you on to help us make sense of everything going on. You know, as we're speaking, I want to know, do you think we're going to get a US Iran deal or not? It looked like we did and now I'm reading Trump's latest comments that if he doesn't like the deal, it's going to be more bombs away. What are your your first reactions to this?
Well, he always says something and it's something different and um you know they call him taco Trump, right? Trump always chickens out and you look at this war and again let's go back. You know trends are born, they grow, they mature, reach old age and die. When did all this really Middle East really start heating up? After the Hamas attack on October 7th, 2023. And it just kept escalating since then. And I was on with you right after it happened.
And I was heartbroken. I said, "This thing is going to escalate beyond what people could imagine." And here we are.
That was a talk that went viral um because of your emotions, Gerald.
And this thing is going to be a horror. And And it's a horror now. Look what they've done. Look what they've done to Gaza. And now they only control what? 70% of it. Destroyed the whole place. Is there going to be a peace deal? One of the demands from Iran is that Israel has to withdraw from Lebanon. So far, they have thrown out over 1.2 million people out of their homes in Lebanon. It's a security zone. Yeah. Okay. Got it. Shove it. Number two, according to the data, 250,000 people homes of 250,000 people, their homes are totally demolished. Totally demolished in Lebanon. And this this cats guy, this Israel cats, the defense guy, they're going to and Smootridge and the others, Ben, they're saying they're going to turn it into another Gaza. Is there going to be a peace deal? Iran is Israel is not going to back down on this. They're not going to pull out. There's not going to be a peace deal. Um, one of my sayings is when all else fails, they take you to war. They got the elections coming up in October in Israel. And Netanyahu will do anything he can to stay in power.
You know, there's a the cover of this week's Trends Journal of Dwight D. Eisenhower um five-star general, supreme command of the allied forces, two-term president. He didn't want to run for president. He was president. He was president of the Columbia University. And he said that it's a quote. Anybody could look it up. Any man seeking the office of president is either an egoomaniac or crazy. His words, and you got it right in front of your eyes. Again, what did Trump say? I got a big ego. Quote, I got a big ego. And as far as crazy, let's go back to Taco Trump. Hey, the tariffs, the this, the that. 39 times. 39 times he said there was going to be a peace deal. So, what they're doing also, and again, we only put the facts in there. There's this clown boy, Chris Wright. Chris Wrong, a little jerk, a little lying piece of crap that came out and said that the United States Navy is going to bring oil tankers. They're bringing oil tankers through the straight moves. Up goes the equity markets. Down goes oil prices. They kept doing this stuff over and over again since the war started. The war that was supposed to end at four or five weeks. Oh, no. Then in July, was it March 11th? I don't like to say we won, Trump said. But we won. And now we what? 109 days later, the war's really still going on. There's no end. America lost this war. That's the reality. Oh, we stopped them from making nuclear weapons. That's total crap. You read all the data, all the facts. Iran was not making nuclear weapons. And by the facts, the cover your trends journal on March 10th. Trump, this is his quote. We attacked Iran because we thought they were going to attack us first. That's the quote, that they were going to attack us first. And then you heard that little Marco Rubio spew out the same garbage in a different way, saying that, well, we knew Israel was going to attack, so we also attacked. Nothing nothing nothing about nuclear weapons. And that's another thing. Hey, North Korea has nuclear weapons. Oh, was Israel only have they say the numbers between 90 to 400 nuclear warheads? Oh, all these other countries have nuclear warheads, weapons. Oh, but Iran's not allowed to have them. But even if they did, they're saying that they weren't. And so this thing is I believe this is there's no end in sight. There's going to be a false flag event, something that reignites this war.
Can't he create a scenario that he's like, I'm out. We're out. We're out of this?
Again, he he couldn't couldn't. I don't know. But here, this is just came out. It's a memorandum of understanding. And if I don't like it, we'll go back to shooting them, dropping bombs on their head. How what kind of what kind of moronic imbecile will drop bombs on their head? All right. All right. That's maniac crap. You don't talk like that. And again, going back to Hey, I got a big ego. As you know, I used to I had my own school. I taught close combat for many years. The top close combat man in America, Bradley Steiner, used to write for our magazine, the trends journal. He passed away. You know what the first thing we learned in close combat? The only time your ego gets into place is when your life is on the line. This is egoomaniac crap. It's it's gutless narcissistic BS. That's when you have an ego. When you have an ego is when you don't listen to anybody. ally count. I don't need to know anything else about anything. I got a big ego. Oh, remember when he said he was going to bomb him into the Stone Age. This is this is this is evil. This is evil talk. And again, I launched Occupy Peace over a decade ago, so it's not empty words. I put my money where my heart and mouth is. the cover of the magazine last week. Musk, we're going to occupy Mars.
Yeah.
I said, "How about occupying peace?" Not a penny from the billionaires. Not a penny. Not a penny. Not a penny for peace. Not one person on any of the mainstream media talks about peace. You're not allowed to.
Not a penny from the trillionaires now on our We're going to We're going to get to that. But you brought up you brought up I want to flesh this out more because you bring up the midterms and you say
that's why I'm going back to the point. He wants the markets higher. Uh you know he wants the Americans happy, right? They don't want to see oil at these prices. They don't want to go keep going and fill up their tanks and have these you know sticker shocks. So what's the game plan do you think from now until the midterms? He's going to do everything he can to lower interest rates. Again, let's go back before this last we got a 60-day peace talk thing. The bet on the street was that when the Fed meets this week,
yes,
they were going to raise interest rates. That was the bet. Now they're saying they're going to hold them. You're going to hold them when you just saw inflation spiking. They got this guy wash wishwash washed in there, right? A little Trump boy. He's gonna do do everything that Trump wants. Trump may even lower interest rates before the midterm election, which of course will bring down the dollar and bring gold prices up. He's going to do everything he can to pump this up. You had a good uh conversation with the judge Napoleano um earlier this this week, Gerald, um where he shared his thoughts of how he felt the US was becoming more and more of a surveillance state. Can you share some of the opinions shared there?
It's it's all over it's it's becoming all over the world now. Matter of fact, there's an article in the Trends Journal about it this week about what he writes and what he says. It's it's we've lost our rights and and it's with the Patriot Act or that was after 911. Orwell couldn't have come up with a better name than the Patriot Act. And they're allowed now if you call you're an Italian. You call somebody over there in Italy. Oh, you went overseas and now they could they could track everything you said, everything you said and everybody thing that everybody that talks to you said. And again, you look what's going on now with the cameras everywhere in in the UK, in China. uh surveillance cameras, everything that we even think that that's a face that the whole and this whole AI thing is going to change everything. Freedom is totally gone. This is not the land of opportunity anymore. It's run by the bigs again. Remember that guy Mussolini, the merger of state and corporate powers. Fascism right in front of your eyes talking about SpaceX. So how much money how much money did did Musk get from the government in government deals? How much how many how many scores of billions if not hundreds of billions?
Hundreds. What do you what what was your reaction to the SpaceX IPO, Gerald? I mean, it's made Musk a trillionaire. It's made many people extremely wealthy. And you know, some of the stories are nice. You hear about like the cafeteria workers that, you know, became instant millionaires overnight. And I'm all in, you know, in favor of that. But what what were your initial reactions to the SpaceX IPO?
You know, I listened to Jim Richards on your show and the cat knows a lot about a lot and he was very positive on it and he thinks it's going to be far beyond what they're doing now and he's saying things like that rather than these data centers that they have on Earth, they're going to have them up on space. You know, if he's right about that, then it'll keep expanding. But how long will that take and will it happen? And you're looking at all these AI companies now. I mean they're they're money losers and um you know they're they're yeah we have uh here in in um I think it was in this week's trends journal despite the Iran war reality horror is Elon Musk who pioneered the modern electric vehicles operates the world's largest satellite network and has the only commercially operating reusable rockets is seeing his new SPCX stock booming despite SpaceX sex recording a $4.94 billion loss in 2025 on revenue of $18.7 billion. So that's what you're looking at with a lot of these companies, these AIs. We believe there's going to be a bust. They're doing everything artificially to prop this market up. And again, you're looking at the the how many again, we write about this, how the uh the middle class keeps shrinking around the world and the billionaires just keep getting richer. And by the way, this really escalated during co that's when it really took off. So now what's going to happen is that you're looking at the facts. What is it? Vanguard State Street and uh Vanguard State Street and Black Rockck own control what owned some 88% of the value of the S&P 500. 1% 1% of 343 million people in America own 54% of the equity markets. You put the 10% in, it's 93%. which means that we the people of Save Landia have 7% of the stock markets. It's a whole rig game. And going back to the rigged game, only the facts with Trump again 39 times before this happened, he said there was a peace deal. Hey, I'm going to give you 48 hours. All right, I'm going to give you 48 hours. All right, remember that? Oh, that was only on that was on when the markets were closed on Saturday and Sunday. And then when the markets before they open on Monday, all right, we're going to give them another week, maybe another two weeks. Up goes the markets, down goes oil prices, the game is rigged. They're going to do everything they can to prop this market up. And they've been doing it. This thing should have crashed a long time ago. when you look at the losses in AI again and that's the other thing by the way you you in in the in the trends journal this week um one of our articles about how uh China is is leading the uh the whole high-tech industry and they're going to keep taking it over the business of China's business the business of America's war China's going to lead the AI world again you we go go back to the facts. Before Bill Clinton brought China into the World Trade Organization, 10% of Chinese 18-year-olds went to college. Today, nearly 70%. So, China is going to lead the world in this, and there's going to be a com bust.
Gerald, I'm going to change a famous quote. He who holds the chips is king. The AI chips,
right? You think the US is going to let China lead the AI war?
It's not. They have not can't stop it. Again, they're putting all their money, all their power into AI. They're doing it. The government is doing it. Remember, let's go back to 2025 January. Deep Seek. What's a Deep Seek? Oh, you mean when when Nvidia lost what? $600 billion in one day. a Chinese company had said, "No, we don't need hund00 million to do this. We're doing it for $6 million." No, China's going to lead. Oh, yeah. Leading it. Remember, let again, we only do facts. Go back before China came into the World Trade Organization 25 years ago. Remember all the Western nations that went over there to get everything manufactured because of the cheap labor? They gave China all the heavy industry and high-tech they never had. Hey, who's the world leader in EVs? Who's the world leader in solar power? All right. They're leading in EVs. They're leading. They're coming out with batteries way way beyond what anybody here is doing. They're leading the world. They're going to lead it. Again, you got 1.4 billion against 340 million, 343 million. And again, they're very advanced people. and they're going to be leading the show.
Let's talk about, you know, you brought Jim Murkards and a big portion of that was on gold and I invite everyone to watch that interview because I think he makes a really strong case where everyone was panicking
during those two weeks, Gerald, of you know, what's going on with gold and he was his main message and and my main message
was, you know, stay the course, just stay the course. And you know, gold has rebounded already since the my interview with Jim Records, but your your you know, you're a longtime gold holder. When you see these, you know, these dips happen in gold. I mean, your your thoughts on the volatility we've seen in in the gold market.
I would have never thought it would have gone down. I would have thought it gone up when the Iran war happened. I would not have thought it went down. Why did it go down? Because this war again, one of the covers of the Trends Journal magazine, two war mongers destroy the global economy that 800 bill 8 billion people are paying for and doing nothing to stop it. Two guys, they have they wrecked havoc. Look at the data. Oh. Oh. Uh the UK just had negative GDP. EU had negative GDP. So what happened? Why gold? And then Asian the Asian countries, they need oil. They can't get it. Their debt levels are climbing. Their currencies are going down. So they were selling gold like great. Look at Turkey. How much gold do they sell? Russia, Mexico to cover their debt losses. I never thought that would have happened. And then the people that highly speculated in gold, you know, they started playing the other games as well. And they started when it started going down when the the private credit thing started happen and people started pulling out of a number of stocks and to cover their losses. But now as we see it again, we're going to see interest rates go down. the global economy is going to weaken and and gold is going to be again. It's the here this is from the um Financial Times on June 17th. Central banks repatriate gold as global insecurity increases. Central banks are removing gold from vaults in London and New York as they become more skittish about strong bullion outside their own borders. The central banks in India and France are among those that have relocated huge volumes of gold out of the US and UK in the past year to store it more domestically.
That's right. I retweeted that one and I think that speaks loudly, Gerald.
Yep. Gold is the number one precious metal. They're going to come up with a digital currency. They're going to do anything they can to to try to prop up the phony economy. It ain't it's not going to work. it's not going to work.
So when people panic and say, you know, I want to sell my gold when when they see these, you know, movements,
what Rickard said about U Rogers saying that you see these go when it goes down like this, 50% even, it goes way back up again. I've been buying gold since 1978. I buy it and hold it. I buy it and hold it. What was it? $166 an ounce around there when I bought it.
Wow.
Yeah. So you buy it and hold it. You buy it and hold it. You buy it and hold it. I'm not a gambler. I don't do that. And again, I tell people, you buy this stuff as a young person. When you get to a guy my age, I want to be say almost the same age as Trump. You you you're covered. You buy it when you're young and you hold it till you're old.
Gerald, what are we going to do for your birthday? Do you want a UFC fight up in Kingston or
H? I'm telling you, what a You know what? I was a kid, by the way. I was the youngest of five. They couldn't control me. Born in the Bronx, they used to say to me, "You little bastard. You're not going to make it till 21."
Gerald, I wanted to say a bright light. I thought of you in the Knicks won.
People think this has united New York.
What? What?
That's nothing. It's just again, it shows you
people comparing it to, you know, oh, it's as United as New York after 911. I almost find this offense.
That's nothing. It's forget it. It's gonna go away. Gone. Gone. Gone. That's just That's just hype. How about Taylor Swift? I mean, that's what we're talking. Same level.
Uh, Gerald,
any huge summer plans for you? Big summer plans?
Nah, it's all all the vibe is gone. Co really did it. And um uh now up here in Hudson Valley, I call it Death Valley. the places we used to have music at night. Hardly any places to go anymore.
It's
But you know what?
You still get up, dress beautifully, put a smile on your face. You're the best dressed in Kingston by far.
Thank you. Well, listen, I I'm in the Hudson Valley is beautiful as you know.
So, I go out to nature all the time and that's what gets my mind off everything. I go to beautiful places, look at the river, the mountains, the beauty, and I'm thankful for everything I have. And I'm blessed to be where I am. And again, to me, the only thing that will change it is a renaissance, as you well know, which that's what happened after the black plague. And that's what we need now. We have to bring back the spirit of this country, why our my grandparents and and that generation of the world wanted to come to America. We got to bring it back. And yet it's the Renaissance. That's the way I see it.
You know, uh just just on a very light, super light note, and I don't think I've ever mentioned Jennifer Lopez on my show, but you know, she's from the Bronx like you, Gerald, and uh she recently has been giving so many interviews for this bit movie she's done. And she was saying, you know, a real New Yorker, you have to be born in one of the burrows and I'm from the Bronx. I'm so proud to be for the Bronx. and she gets so much hate where people are like, "You haven't even been in the Bronx and I don't know how long and you know, you've lost your way." But some other guy was watching his podcast say it's not JLo, Jennifer Lopez, that's the problem is that the Bronx isn't even the Bronx anymore. And I thought, well, that's something that Gerald would probably agree with. Even the Bronx has lost its way.
Yeah. Everything has. I mean, it's it's not the same place any nothing is. And but again, we have to bring back the spirit. Once upon a time, music was America's greatest export. You listen to from from, you know, rag time to swing to big bands to R&B to rock and roll. Nobody in the world played like the American Cats.
Frank Sinatra.
Yeah. I put on a concert with Ella Fitzgerald to go the super duned one with Dion Warwick. So, we had to bring back the spirit of America. Gerald Chilente, thank you so much.
Thank you so much for having me on. I appreciate it so much and hope to see you soon.
And as always, I encourage you all. I mean, we spoke about gold, we spoke about staying the course. It's so important um to get in now. Please reach out to my wonderful colleagues over at ITM Trading. They'll be happy to walk you through a free strategy session. And you must have heard my big news announcements and other videos that we've also gone global. Uh, so we're able to serve um, you know, clients from all over the world if you're looking to own uh, physical precious metals and we can also help you with storage program. So, be sure to check that out and we will see you soon.