Topic: Germany Recession

The segment reviews the struggling economies of Germany, France, and China, noting that many developed nations are entering or are already in recession. Celente highlights the "no confidence" vote against German Chancellor Olaf Scholz as evidence of a broader trend where citizens are ready to vote out unpopular establishment leaders in favor of populist alternatives.

Celente identifies signs of a global recession in Germany and China, predicting that Brent crude could hit $130 a barrel if war with Iran commences. He criticizes the continued funding of foreign wars in Ukraine and Israel while American infrastructure and the victims of Hurricane Helene are neglected. The segment concludes with a reference to Dwight D. Eisenhower's warning about the military-industrial complex.

Germany and the UK are officially in recession, unable to withstand higher energy costs. Gold is predicted to have a record year as the Federal Reserve considers lowering interest rates, which would further devalue the dollar. Real inflation is estimated to be double the official government figures, making basic needs like housing and food unaffordable for the average family.

The European Union approves a $54 billion package for Ukraine despite Germany being in a recession and France's economy faltering. Celente forecasts a dramatic lowering of interest rates by the Federal Reserve to boost the economy ahead of the U.S. election, while noting that mortgage rates have climbed back to 7%.

The 1917 Balfour Declaration is cited as the foundation for the current conflict in Palestine, established by the British "crime syndicate." On the economic front, Chinese exports have dropped for six consecutive months, and Germany is officially in a recession. U.S. banks are facing a crisis due to a 20% vacancy rate in commercial buildings, signaling an imminent banking bust.

Celente provides an economic update, noting that manufacturing in the Eurozone is contracting at its fastest pace since 2020. He highlights Germany's shrinking economy and the "doom loop" threatening American banks due to high office vacancy rates. He urges listeners to subscribe to the Trends Journal at jonestrends.com to prepare for the coming financial crisis.

The collapse of a section of I-95 in Pennsylvania is cited as evidence of America's rotting infrastructure. Celente notes that Europe and Germany are officially in a recession, characterized by "dragflation." He criticizes President Biden and UK Prime Minister Rishi Sunak for pledging indefinite support for Ukraine while domestic manufacturing and exports decline.

Celente provides an economic forecast, predicting the worst socioeconomic collapse in modern history. He introduces the term "dragflation" to describe a dragging economy coupled with rising inflation, noting that Germany is already entering a recession. He advises listeners to prepare for a crash worse than the 1929 Great Depression by considering gold and treasuries while maintaining self-sufficiency through InfoWars products.