Trends forecaster Gerald Celente says former Fed President Richard Fisher dropped an ominous truth bomb last week on CNBC. Celente says, “Last week, when it was a celebration of . . . 2009 and the markets started going up, Fisher says, quote, ‘We injected cocaine and heroin into the system to enable a wealth effect . . . and now we are maintaining it with Ritalin.’ Fisher also said, a few weeks ago, that ‘the Fed is a giant weapon that has no ammunition left.’ Let’s take his quote, and this is very important, ‘We injected cocaine and heroin into the system.’ You go back to our 2010 alert, and we said this was no recovery. It was a cover-up. What Fisher just said was a criminal act. Injecting cocaine and heroin into the system was a criminal act by the banking gang.”
Celente says the announcement of increased money printing by the European Central Bank last week only means one thing, “The bond buying bubble has burst. You can see what happened. All of a sudden, they announced this widely anticipated announcement–gold prices went way down and the markets went way up. Then, all of a sudden–the markets went down and gold prices went way up. You know why? Everybody knows this is a fraud, even the Fed guys. . . . All this is, is heroin and cocaine. It doesn’t fix you and neither does Ritalin. . . . It’s not working.”
What does the top trends forecaster predict for 2016? Celente says, “Here’s the cover of our Trends Journal, and it says “The Panic of 2016.” It is under way. Gold is up over 20% since the beginning of the new year. Look at the banking stocks. They are down. Follow the money, that’s the story. Follow the money, and look at the problems the banks are in . . . There is a commodity crisis going on. I am mentioning this because it all ties in together and going back to the banks. When they started the heroin and cocaine addiction, all that cheap money from heroin and cocaine addiction went into the emerging markets. Yeah, all those resource rich nations borrowing money for nothing, and the banks loaning them more. Now, these resource rich nations . . . around the world borrowed this money in dollars, and their currencies are way down. The banks loaned them the money, they have to pay it back now and . . . they are not going to be able to pay back their debt. Follow the banks, and follow the money.”
Celente goes on to point out, “They are devaluing the currencies around the world. Would you want to hold euros while they are devaluing them? That’s why people are going into gold. . . .It’s collapsing in front of us. Their deal isn’t working. . . . They are money junkies and they have overdosed. Fisher said it’s heroin and cocaine, and you don’t survive on doing heavy duty drugs. There is a heroin epidemic in this nation, and there is a heroin epidemic on Wall Street. They’re money junkies, you can’t stay alive with it. . . . It’s a fake high, man. That’s all it is.
Join Greg Hunter as he goes One-on-One with Gerald Celente, the Publisher of The Trends Journal.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.