Gerald Celente: Imminent Crash To Far Exceed 2008! Gold $2,000 Right Around the Corner
Gerald Celente buys and holds gold and does not speculate, choosing to invest in what he sees as beauty, joy and history. He holds that here is a global depression; zero interest rates are no longer working, the IMF keeps downgrading growth potential, equity markets are only being kept up by stock buy backs and the zero interest rates.
The Federal Reserve wants to keep inflation at 2% but the statistics are manipulated as inflation is politically unpopular, real inflation is likely much higher. The coming crash is going to be much worse than 2008 and it is likely that war will be used to divert attention away from the economy. One terrorist strike on US soil would be all it would take to manufacture popular support.
Strong Middle Eastern countries’ economies are headed down, such as Saudi Arabia, who have been recently downgraded and Turkey who are over extended. Brazil is going down the same path as Venezuela. The main place to watch though is the Ukraine and the further demonization of Russia
The Trends Journal holds that we are looking at a Clinton – Sanders ticket with Clinton winning largely due to the womens vote. People turning to Trump and Sanders is indicative of wide scale rejection of the current political system. Sanders has suckered in the millennials but has voted to fund the military and wars and is a fraud. He serves to bring in the votes to Hillary because she has such a negative rating. Meanwhile, Trump has just shown the world what a fraud the whole system is.
Talking points from this week’s interview:
• Gold has been around forever, its not going anywhere
• When all else fails they take you to war
• Zero interest rates are no longer working
• Once gold is stable above $1400 then its likely to head up to $2000
• Negative interest rates have never happened in history before
Gerald Celente is an American trend forecaster, publisher of the Trends Journal (www.trendsjournal.com), business consultant and author who makes predictions about the global financial markets and other events of historical importance. Celente has described himself as a “political atheist” and “citizen of the world”. He has appeared as a guest on media outlets such as CNN, The Oprah Winfrey Show, The Today Show and Russia Today.