Topic: Subprime Mortgage

Celente mocks former Fed Chairman Ben Bernanke for receiving the Nobel Prize in Economics, pointing out Bernanke's failure to predict the 2008 housing collapse. He contrasts Bernanke's "wrong economic forecasts" with his own successful predictions in the Trends Journal. The segment concludes with a critique of political "freaks" like Gavin Newsom and the loss of "life, liberty, and the pursuit of happiness."

Treasury Secretary Janet Yellen is accused of profiting from speaking fees paid by the same banks she regulates. Warnings are issued regarding a "Greatest Depression" triggered by rising interest rates on massive debt loads, while private equity firms like BlackRock buy up distressed properties.