In the first half, founder of the Trends Research Institute, Gerald Celente, shared his forecast of economic trends, including what he called the "dot-com bust 2.0." He highlighted the alarming state of commercial real estate with its staggering vacancy rate of nearly 20% and its potential economic repercussions. Celente warned that over $2 trillion in commercial real estate loans are at risk, predicting significant defaults. As this happens, he believes the tech-heavy NASDAQ stocks (already down nearly 10%) will crash much further, leading to a new dot com bust, worse than the one in 2000. "The markets have been way over speculated for a lot of years," he remarked. He also delved into the implications of artificial intelligence (AI) on the job market, pointing out that this is the future and that China seems to have taken the lead.
The conversation shifted to gold prices, which he reported have surged by 27% recently, and this he linked to growing unease in geopolitical conditions. "Gold is pouring into America," Celente declared, connecting this to tariffs and the weakening dollar and predicting that gold will continue to rise as the dollar declines. As for the housing market, he noted a significant decrease in first-time buyers in recent years. "We don't see a crash in the housing market," but "yes, the prices will go down when the [stock] market crashes." Celente also discussed the implications of central bank digital currencies, suggesting that the future of money is shifting towards digital assets. He said, "The crypto world is going to stay strong until central banks go digital," while he emphasized the enduring value of gold as a safe haven asset.
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In the latter half, author Paul Anthony Wallis discussed intriguing connections between ancient civilizations and potential extraterrestrial contact. His latest book, "The Eden Enigma," explores whether ancient carvings in Turkey hold memories of such encounters. His travels, particularly to Turkey and adjacent countries, allowed him to delve into ancient cuneiform inscriptions and the stories they tell about humanity's origins. He highlighted a site in Armenia, older than Gobekli Tepe, that served as an ancient observatory, stating, "This takes us well into the last Ice Age, possibly to a culture that predates it." Wallis believes that narratives of advanced beings assisting humanity are echoed across various cultures. "They all have these stories in which their ancestors had a moment where their survival was hanging in the balance."
In the Armenia location, the Urartian people depicted flying shields in the sky, which he related to what we would consider UFOs today. Wallis posited that the stories of advanced beings aiding humanity trace back to the Younger Dryas period, a time marked by climate disasters that challenged early agriculture. Additionally, he highlighted a fascinating archaeological discovery in Northern Ireland, where a 4,000-year-old skeleton revealed non-Celtic DNA, linking back to ancient Anatolia. This man is part of a migration story that shows how advanced agricultural practices spread across Europe, he said. Wallis also discussed a Bronze Age seal found in Jerusalem, suggesting it reflects a time when Jewish culture was intertwined with broader narratives of advanced beings.
News segment guests: John M. Curtis, Charles Coppes