Top trends researcher Gerald Celente says global central banks are just helping the richest people on the planet and have not saved the economy. Celente says, “They didn’t teach us this stuff in economics 101 or in graduate school, they made this crap up. For example, quantitative easing, you mean buying corporate bonds and government bonds and shoveling money to your bankster buddies. . . . According to the Levy Institute at Bard College, they dumped in over $29 trillion. That’s right, $29 trillion to their buddies. So, what’s the deal? They are going to keep lowering interest rates. It’s monetary methadone. All these people are addicts. Morons and imbeciles call them ‘investors.’ They’re addicts and gamblers. They can’t stop, and all they want is that drug– monetary methadone. They are just going to keep filling it in until they OD. . . . You don’t know when it is going to collapse, but our forecast is we are not going to go into a recession this year. We will begin to go into it in 2020, and the greatest recession/depression will happen by the end of 2020.”
Celente says, “There are lots of wild cards” that could upset his predictions. One is “rising oil prices,” and the other is conflict with a variety of adversaries. Celente say, “If war breaks out, it’s over, it’s over. It’s not like the old days, like WWII where you get the economy going. This is a different scene. This is way different. . . . The whole Middle East is doing terrible. Look at the problems they have in Turkey. . . . There is one currency after another going down. Look at the emerging markets. They are soaking money out like crazy. Look at America and all the money flowing into junk bonds.”
On gold, Celente says buckle up for a big rise in price. Celente explains, “We are near the bottom, and I am more bullish on gold than silver because silver is used in production. So, if the economies of the world slow down, which they are, you will use less silver. That said, silver follows gold. I believe the gold bull run is ready to begin its next run, and the last time I forecasted a gold bull run in The Trends Journal was 2005. It spiked after that. So, this is the only other time I have said that. . . . Another thing is you are hearing major people coming out in the mainstream media being positive on gold, which means they have already bought it, and they are playing the futures markets. You are also getting many negative reports as well on the future of the economy. . . . Many people think we are going to go into recession, but I am holding back on that. I think they are going to do everything they can to keep it propped up going into the Presidential reality show.”
Join Greg Hunter as he goes One-on-One with the publisher of “The Trends Journal,” Gerald Celente.
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.