This is a summary and commentary about Gerald Celente’s 27-January-2015 review of current events:
Vernacular Vocabulary of the Day: Hitlary Clinton; Presstitutes; Suckcess
I have regularly listened to Gerald Celente for at least one year. He publishes a journal with limited circulation. Generally, his views are similar to mine on nearly all economic matters and many facets of public policy. He regularly reminds viewers that the civil rights of Americans are decaying. He subscribes to a military policy of “no foreign entanglements.” He acknowledges that globalization is killing American industry.
In his 27-January-2015 rant, he highlights that the US economy is not as rosy as “policy makers” would have the rest of us believe. Durable goods orders are down, though I doubt that this demonstrates a trend, given that the statistics cited are within-year, and not year-over-year. He goes on to denigrate Barack Obama for seeking to permit oil exploitation off of the coast of the south eastern United States. While I agree with his concern about costal oil exploitation, I suspect that Celente would criticize the Obama Administration, just as well, had it chosen a contrary policy. Another of Celente’s points in this presentation covers listenership decline of the US Presidential State of the Union speech. The numbers that he uses are just-plain-wrong, mixing percentages with absolute values. I am a little bit bothered by his confounding of the numbers, given his master’s degree in public policy and administration. He should know better. Nonetheless, I have my own criticisms of public teleprompted political reading. In particular, my sense is that politicians are no longer orators. They read their speeches, prepared entirely by somebody else. In my opinion, if you’re going to read a ghost-written speech, just issue a memo!
Highlights of Gerald Celente’s latest installment of occasionally-posted YouTube rants, along with my thoughts about his thoughts, follow:
(00:00:43) “…and, here’s the headline from Bloomberg: ‘Gold Futures Climb after US Durable Good Orders Decline.’ That’s right, ‘Demand for all durable goods items meant to last three years declined 3.4%, the worst decline since August, the Commerce Department said, slowing expansion may prompt the Federal Reserve to hold off on raising interest rates, and you know who said so? Policy makers!”
Although we know who the policy makers are in this case, what bothers me is the anonymity of “policy makers,” in general. Names should always be declared.
(00:02:35) “The durable goods numbers were notably weak with lower revisions.”
This is a typical way that economic “policy makers” hide the real numbers. First they release pie-in-the-sky statistics, and a month or two later they downward depart.
(00:02:59) “Oh, speaking of frauds, hey all you loser liberals, the most disgusting people in this country, every one of you make me sick, because you’re a bunch of cowards, a bunch of hypocrites, and you keep taking what Obama shoves to you. Oh, by the way, his State of the Union address, yeah, only 33 percent of the ‘peoples’ turned out, or thirty-one, somewhere around that, down from an average of about forty-four million.” Getting past his vitriol, this is a case of Gerald Celente, himself, misstating numbers. First, he mixes absolute values and percentages (forty-four million and 33 percent), confounding the data. Then, if we do the numbers right, it turns out that forty-four million people amounts to only 14 percent of the population. This would indicate an upward trend, given that “only 33 percent” of the population amounts to a full one-hundred million people. So, in this video, Celente’s conveyance of the numbers actually suggests that the number of viewers of this year’s State of the Union speech increased from forty-four million to one-hundred million(?). Really? I suspect that neither number is correct. At best, the annual presidential speech attracts about twenty-five million people.
Anyway, given that modern politicians read teleprompter speeches that are prepared by ghost writers and distributed prior to the official reading, it’s just as well to pre-read the scripts rather than watch them read by the president on the TV.
(00:03:53) Celente criticizes the White House for its proposal to allow oil drilling off the Atlantic Coast. Personally, I disagree with coastal oil extraction, especially given the disaster we saw a few years ago in the Gulf of Mexico with British Petroleum. Certainly, however, this is just the sort of “policy making” that so-called industry leaders like to see. Celente goes on to state that slimy “liberals” would have criticized George “War” Bush for doing the same thing. I surely would have, but I am no less critical of the Obama Administration for making this proposal. To mock the “libs,” Celente utters in a condescending tone, that “Obama’s better than Bush.”
In my opinion, Obama is better than Bush in a most important way: OBAMA’S SELECTIONS FOR JUDICIAL APPOINTMENTS ARE MUCH MORE IN LINE WITH MY WORLDVIEW THAN THE GARBAGE SELECTED BY GEORGE “WAR” BUSH. One question, the answer about which Celente and I would disagree is: What sort of people should fill the US Supreme Court? Given his religious beliefs, Celente’s favorite supreme court justice is probably Scalia, whereas I’d pull a “lefty” (“I’m back, Obama!”) on Scalia, given half a chance!