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American trend forecaster Gerald Celente issued a stark warning that the U.S. – and arguably the world – has entered a state best described as the dot-com bubble 2.0 in his April 3 update on YouTube.  According to Celente, the release of DeepSeek’s R1 model in January demonstrated the extent to which the situation in global markets has changed, signaling that China will be the world leader in artificial intelligence (AI). Dot-com Bust 2.0, ready or not, here it comes. And it’s come. It was happening before DeepSeek changed the whole game, and again, as we said, China is going to lead the AI world. They have got 1.4 billion people. They’re very smart people. The trend forecaster was quick to blame President Bill Clinton’s bringing of the People’s Republic into the World Trade Organization (WTO) for the U.S.’s innovativeness and competitive decline, opining that the Democrat ‘sold out’ the country to the North American Free Trade Agreement (NAFTA). Bill Clinton sold us out with NAFTA and bringing China into the World Trade Organization and the lousy jobs at Target, Home Depot, Lowe’s… They’re shitty jobs. They don’t pay any money. Why China will lead the AI world Along with DeepSeek, Celente highlighted the rise in the proportion of Chinese youth attending university since the 1990s, which, according to his data, rocketed from under 20% to approximately 70% in 2025. Economists and other experts from both sides of the spectrum have frequently described China’s entry into the WTO as a major, at best, miscalculation on the part of the U.S.  Indeed, a common assessment is that Western governments assumed that the People’s Republic would perpetually remain a workshop of the world without its own independent industrial or technological sector. Are Trump’s tariffs a net positive despite the turmoil? Interestingly, Gerald…

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Filed under: News - @ April 4, 2025 2:22 pm