Gerald Celente is Nauseously Optimistic #6206
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Kerry Lutz and Gerald Celente reviewed recent election forecasts, noting inaccuracies in their predictions due to the unexpected impact of the Roe versus Wade issue on the midterm elections. Celente highlighted the paradox of high inflation and low approval ratings for President Biden, yet the Republicans faced challenges. He discussed Trump's favorable public perception and the uncertainty surrounding his economic strategies, particularly regarding tariffs and the dollar's strength, emphasizing that a stronger dollar typically results in lower gold prices. Both Lutz and Saliente agreed that lower interest rates would be essential for economic growth, which could potentially lead to inflation. The discussion shifted to presidential impoundment authority, with Kerry questioning Congress's willingness to challenge the president's budgetary decisions. Gerald responded by indicating that the political landscape favors the wealthy, limiting the general populace's influence. They addressed global economic challenges, including unrest in France and a recession in Germany, while predicting that Trump would have significant power to implement his agenda. The conversation also touched on tariffs, with both Lutz and Celente supporting protective measures to shield American labor and industry from the adverse effects of free trade. Concerns about immigration were raised by Lutz, who argued that current open-border policies lack adequate vetting and could pose security risks. Celente elaborated on the economic motivations behind immigration, noting that businesses often seek cheap labor. They also discussed the historical context of immigration laws and the demographic shifts in the labor market, particularly in construction. Additionally, Gerald analyzed the U.S.'s self-sufficiency capabilities amidst global economic downturns, criticized past political decisions regarding China's WTO entry, and highlighted the potential of cryptocurrencies, particularly Bitcoin, as an investment alternative amid high inflation in other countries. The meeting concluded with discussions on the societal impacts of technology, health issues related to diet, and the influence of profit motives in politics. Find Gerald here: https://trendsjournal.com) Find Kerry here: https://financialsurvivalnetwork.com) and here: https://inflation.cafe)