Topic: Office Occupancy

Gerald Celente warns of an impending banking crisis driven by a 47% office occupancy rate in major U.S. cities. He criticizes climate change activists for ignoring the environmental impact of depleted uranium and cluster bombs in Ukraine, asserting that nuclear war is a more immediate threat.

The economic and social damage caused by COVID-19 lockdowns is described as "incalculable," specifically highlighting the collapse of the commercial office building sector. With office occupancy rates struggling to reach 50% in major cities, billionaire Charles Munger is cited warning of a "brewing storm" in the real estate market. The segment claims these trends were accurately forecast by the Trends Journal three years ago.

Gerald Celente predicts a massive real estate crash due to low office occupancy rates and critiques Janet Yellen's handling of the economy, coining the term "dragflation." He launches a scathing critique of career politicians like Mitch McConnell and Lindsey Graham, calling for an end to the "military-industrial complex" as warned by George Washington and Dwight D. Eisenhower.

Gerald Celente questions why the Dow Jones is rising while the hospitality sector and office occupancy rates in cities like New York and San Francisco are at record lows. He characterizes the financial markets as a "rigged game" that ignores the reality of businesses going out of business due to lockdowns.

Office occupancy rates in major cities like San Francisco and New York have dropped to 20-22%, signaling a major crisis for the hospitality and service sectors. Gerald Celente explains that the lack of commuters and business travelers will lead to a significant loss in tax revenue and the closure of many local businesses.

Gerald Celente predicts a massive bust in the commercial real estate sector, noting that office occupancy in New York City is only at 22%. He argues that the shift toward remote work is permanent and will destroy businesses that rely on commuters. Celente references a December 2020 Trends Journal forecast that correctly predicted the push for mandatory vaccinations in New York State.