(INTELLIHUB) — Top economic trends forecaster Gerald Celente of TrendsResearch.com said Wednesday on the Intellihub Podcast that the “late 60’s — early 70’s” were the best times to be in business, because things were more wide-open then.

Celente told Intellihub’s Shepard Ambellas that there are just too many regulations in place now for businesses to flourish.

“It’s a very simple formula,” we need to “buy local,” he said.

“The fish rots from the head down […] so too does retail.”

“Here in the states — take a look at luxury real estate — it’s declining in city after city.”

“In the major cities, whether it’s Miami, New York, San Francisco, the top of the top has peaked, that’s a very strong indicator” of what is to come.

The problem is fixable, but Celente said that “they don’t want to fix anything “because they [politicians] are all bought off.”

“If we traded among ourselves we would be doing great.”

“But local […] buy national,” he advised.

Celente also made it clear that America doesn’t need to police the world and “ship our manufacturing overseas.”

Other topics on the podcast were Venezuela, Africa and China.

The Intellihub Podcast airs 5 days a week and can be found at: shepardambellas.podbean.com.

You can listen to the full podcast with Gerald Celente here:

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