We’re Going into the Greatest Depression-Gerald Celente

CelenteBy Greg Hunter’s USAWatchdog.com 

Top trends forecaster Gerald Celente says NSA leaker Edward Snowden is a non-event.  Celente charges, “What did Snowden say that we didn’t write about over a year ago.”  Celente says the real stories are the imploding economy and coming war.  Another crash is coming, and Celente predicts, “It will be worse than the panic of ’08.  It will be deeper.  It will be more painful because they will not be able to pull off the stimulus game again.”  Celente goes on to say, “We are going into the Greatest Depression, but they will try to boost it in some way, and that’s when gold and silver prices will skyrocket.”  Celente also predicts war in the Middle East is a lock.  Celente says, “When all else fails, they will take us to war.  We are seeing war drums beating louder and louder throughout the Middle East as the Middle East is collapsing.”  As far as a real recovery is concerned, Celente boldly states, “The business of America has become war, and as long as business is war, there is not going to be any recovery.”  Join Greg Hunter as he goes One-on-One with Gerald Celente, Publisher of The Trends Journal.

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Comments
  1. Charles H.

    Hey Greg,

    This is maybe your best yet – congratulations to you both. Nail after nail went in; and at least half a dozen times I had to burst out in laughter. Thank you SO MUCH for helping us to recognize we aren’t losing our marbles. You and your work means more to us than you know.

    • Greg

      Thank you Charles. I really would like to report some good news but all the data says were going cliff diving–without water.
      Greg

      • Brent

        Greg,

        I have good news to report. I have been 100% certain we were going to have a financial collapse since we have given almost all of our wealth producing jobs away (manufacturing). The United States is now literally living on a credit cart to pay its bills. Lately, I have been hearing that we are going to have a huge oil boom soon and we will become the next Saudi Arabia. If that happens, we could start to see a budget surplus, and financial collapse could be averted. Let’s hope this happens, because if it doesn’t, we are most certainly doomed.

        • Greg

          Brent,
          While the oil boom in the U.S. is real, I don’t think it will be enough to stop the financial collapse that is coming. It is sure going to help us get out of this though.
          Greg

          • Dwain

            Greg, Out of 143 million American jobs, 70 million come from health care, government, construction and entertainment, about 12 million from manufacturing. I don’t see how the oil boom can compensate or generate a recovery after SHTF. Where will future jobs come from to fuel? Can we competitively export energy? Will energy supply enough jobs?

            Our economy is upside down. In a real world, manufacturing jobs must be the majority. They are the foundation upon which all others are made possible. For decades, manufacturing was exported while governments blew wealth and welfare bubbles to compensate. Labor eliminating machines and corporate consolidation contributed. The day of reckoning has arrived.

            After population rebalance, Im betting agriculture will be the wave of the future.

            • Greg

              Dwain,
              I agree with you my friend.
              Greg

      • Lew

        I’ll take the “Truth” over “Good news” any day. Thanks.

  2. Mac

    QE worked – but only for the BANKS. The Fed gives their in-crowd banksters free money.
    Average people get zip.
    US dollar is a joke, but what to do?, as the banksters attack the alternative – gold.
    One day maybe China will get serious and make a “play”. Then we could see real pain in stock and bond markets.

  3. Rishabh Dave

    Greg,

    I can guarantee you that gold abd silver prices WONT “skyrocket.” If you are not shorting gold down to $800 or so (and silver down to $12) before covering, you are missing a perfect opportunity to cash in during the next few weeks. On the street, you will see us shorting gold to the hilt. We will run the stops all the way down as these gold and silver bugs sqeal while we take them to the slaughter. They will feel like the victim who just got copulated by an elephant. We will be smiling as these precious metals vigilantes are crying crocodile tears. You will see. Better hear me now and believe me later.

    • jc davis

      I saw a gold 20.00 coin go for 2,050.00 at auction last Saturday. You maybe right gold is really suffering. My regular sellers of silver will not sell me anymore…There keeping it.Rishabh Dave You may want to read proverbs chapter 1.

    • Charles H.

      Rishabh Dave,

      What kind of wording is this?: “sqeal while we take them to the slaughter”; “victim who just got copulated by an elephant”: and “vigilantes are crying crocodile tears”?!?? Beside mis-spelling “sqeal” for “squeal” – your remarks have all the earmarks of muslim predilection for male violation. You label yourself, Sir. Veiled threats and fear-mongering is UNCIVILIZED and unwarranted. Though it does signal that the work Greg Hunter is doing is producing such strong reactions that ‘people’ like you feel the need to post such ugly and salacious remarks. (H. Bahsir = Rishabh?) When TRASH is what you write: trash is who you are, Sir.

      • Greg

        Charles H.
        Wow!! What an answer. Thank you for responding to “Dave.”
        Greg

      • george

        Charles,
        Rishabh or Rubbish ‘s writing style matches a few other posters who also use nom de guerres. AXU’s average cost to produce a troy oz of silver for 2012 was U$D 25.91. Silver is used in a lot of electronics and while Rishabh and his buddies maybe able to depress the fraudulent paper markets, I don’t believe they can make a mine produce and sell for less than it is really worth.

    • robert h siddell jr

      Enjoy your “bankster” game now because you scum won’t be able to hold it down long because the world is getting wise to you criminals robbing people with a pen; when it all pops up like a bouncing-betty, I hope it kills your freaking a$$.

    • Chip

      Whatever Dave. Please hurry cuz I’m itching to back up the truck. Thanks in advance for the warning. Bought 100 ounces of silver today. And will buy again when you crash it to $12. If that happens physical demand will skyrocket.

  4. henry

    Ray Merriman of MMA Cycles says Jupiter-Uranus-Pluto
    T square is coming up. Will be heliocentrically
    exact in November. He calls it the bankruptcy aspect.
    Last seen in 1934 it will adversely impact several points in the USA’s nativity.

    • Greg

      Henry,
      Thank you for this comment and prediction. If this comes true please come back and take credit for posting this.
      Greg

    • henry

      Aspect will be geocentrically within a close orb for
      about first 3 months of 2014.

  5. Anne Elliott

    Great interview, Greg! Mr. Celente hit it on the head when he talked about how much money is being given to various wars and factions overseas when our own major cities and states are drowning in debt! Our infrastructure and society is crumbling, but there’s only limited funds to give for jobs, bridges, roads, sewer pipes and upgrading nuclear facilities when we can instead give the money to other governments overseas!! It just doesn’t make any sense to me! Why are they doing this???

    • Greg

      Thank you Anne for the kind words and comment.
      Greg

  6. Douglas Merriman

    Celente has been saying the same broken record stuff for several years now. In 2009, he talked about the world going into the biggest depression ever seen. It hasnt happened. A slow down for sure. And this big huge world war ? It also hasnt happened. There has been some intigue, but nothing on the scale he predicts. And gold and silver prices ? I hate to tell you my friend but they are headed for the seller along with gold equities. If you really want to get a piece of the action, you may want to get in touch with the folks at Goldman Sachs. They have opened up their trading desks to retail investors with smaller portfolios. Even if your net worth is less than 30 million or so, Goldman will talk to you unlike 20 years ago when you couldnt get the time of day. Oh and by the way, Goldman is admitting internally that gold could fall below $800 and silver will go below $13. I am banking on it and shorting them down as the goldbugs bend over and take it where the sun dont shine ;~}.

    • Greg

      Douglas Merriman,
      All the best to you and yours. I hope your brokerage doesn’t “MF Global” you.

    • gary

      I think Gerald got it right. Look at Europe’s unemployment rates. 50% in some areas. If that’s not a depression, what is it? Doug, what is your definition of a depression? 80% unemployment? Gold was in for a correction, whenever Gold prices exceed Platinum prices, you have an over priced metal. Gold had a 12 year run before the correction.

    • Chip

      If gold and silver go as low as you predict, then who will mine it? Answer, no one! the prices you quote are well below the average cost of production.

      • BradS

        Bingo! All these people who are quoting g&s will hit $400 etc are missing that exact point. These companies are already abandoning capital investment projects with current prices. If it were, to drop, these business would be forced to fold like a cheap suit. That would leave a natural supply and demand void thus naturally increasing demand with less supply driving up prices. Duh!

  7. jerry

    WOW Greg this interview is one of your best. Home run. Gerald is 100% correct about the width and depth of the NSA. I have personal contacts (I can’t say) who tell me the data mining going on at the NSA is much worse than Snowden reported. They are collecting and categorizing information in ways that can’t be described. Here in Missouri they pulled the concealed to carry records of over 185,000. people to put in their data base. Greg this is getting very dangerous. Its just a matter of time before they start assessing targets to be eliminated with this information. In my personal opinion, the data mining and the economic collapse are interlinked. I believe when the crash comes, the state will use this event to eliminate their enemies. political and otherwise, and install a new government that is part of the “new world order”. A few years ago, thoughts like this would have been considered insane. Not anymore. Drones, Data mining, DHS, (the three D’s) have eliminated that. But on a positive note, I think there are good people out there who still believe in this country and the constitution, and when the time comes they will stand up and let their voice be heard. From my experience working in disaster area’s, people are usually at their best when things are at their worst. You are good example of that Greg.

    • Greg

      Thank you Jerry and Craig for the comments and analysis.
      Greg

  8. Mike S.

    I really enjoy listening to Mr. Celente for exactly the reason everyone else does. He is right. And your news site also because you are right. So the combination of the Trends that he researches and the Facts that you research makes for a very informative interview. If this doesn’t wake up the sheeple then nothing will.

    • Greg

      Thank you Mike S. for the kind words and support.
      Greg

  9. Denny McFavre

    Celente says “gold and silver prices will skyrocket” ????????????????????????? Really ????????????????

    I am shorting this puppy all the way down and will make a killing doing it despite what Celente, Faber or Turk says.

    UBS now has a great deal on leveraged contract shorts so why buy something that has so much frictional overhead when your spec trade is essentially subsidized. Also, dont you think when these higher interest rates come around that gold will be a dead duck? C’mon get real ! I will ride the gravy train twice instead.

    • Greg

      Denny McFavre,
      Is this really JoejustJoe?
      Greg

  10. g.johnson

    greg,

    thanks for another shot of gerald. very few can cut through the static and get right to the chase like this man.

    you are spot on when you say the nation (and a good part of the world) is braindead. i subscribe to a political debate site that is quite engergetic and boasts a very large membership. the problem is, most of the members are still ferociously debating left against right, republican vs. democrat. they still believe that their side is going to save us from the other side. you, alex jones, gerald,kathryn albrecht, george noory, john b. wells, truthers, occupiers, anonymous and anyone else trying to sound a warning are all just subculture terrorist affilated malcontents who are rousing rabble and confusion in order to undermine the great american dream. interestingly, most of the folks who think like this are young, college educated people between teenage and mid to late 30’s.

    for the most part, these kids believe in wolf blitzer and rachel maddow and honestly believe that they think their own thoughts.

    i have been taking a break from this site for a couple months as it can be quite draining. but it is a terrific environment for practicing self restraint, persistence and finesse.

    the only thing that keeps me going after a good lengthy session there is the knowledge that all major revolutions in the history of man have been carried out by a relative handful of the people while great majorities stayed on the sidline with their eyes averted and heads down waiting to see who’s leadership they would be adjusting to next.

    god bless gerald and yourself and all others who work tirelessly to pry the lid of the lie.

    we do live in interesting times.

    • Greg

      Thank you G. Johnson and Ryan Sloan for the nice comments and support.
      Greg

  11. Chip

    Great interview Greg. Love Gerald. Need to go and renew my subscription and get the latest trends journal. BTW, awesome article by PCR about a week ago don’t know if you saw it or not…

    http://www.paulcraigroberts.org/2013/06/17/washington-is-insane-paul-craig-roberts/

    • Greg

      Chip thank you for your comment and for the PCR link. Dr. Roberts is the man!
      Greg

  12. Nance

    Greg, ALWAYS an “EYE OPENER” with Mr. Celente! I don’t agree with Gerald with regard to American’s NOT doing anything. If he was paying attention, “The Oath Keepers” recently had a demonstration in D.C. with MANY well known guest speakers. And the well publicized demonstration soon to take place in Washington with Kokesh, unfortunately, will probably see some very disturbing events. Many American’s have AWAKENED to the “NIGHTMARE” that is the “OBAMA REGIME,” and feel powerless to stop it! My prayers and fasting, along with others, may do something to STEM THE TIDE, but until we REPENT AS A NATION, the nightmare will continue unabated.

    • Greg

      Nance,
      Thank you for reminding us all about the work the “Oath Keepers” are doing.
      Greg

  13. Chuck Allen

    Greg and Gerald thanks for keeping the facts in front of us who want to know. It is greatly appreciated.

    Mr. Snowden is brave man. The American people have no idea the full extent that they are being spied upon. The real fact is it has been going on for decades. Obama is just the most recent user of this system, just as other presidents have been.

    The real terrorists in our government are congress. They have been approving the funding for these hugely expensive programs since World War II. They are funding all the corporate interests to continue raping the American taxpayer. It makes no difference if they are Democrats or Republicans.

    The path to destruction of the U.S. has been on a straight line for decade, after decade. This could not happen if there was a real difference in party priorities. We have actual communists, socialists, and others that proclaim to be one thing while their actions say they are something else. One term comes to mind: RINO; republican in name only.

    I believe our country would be better off by firing everyone in congress, then limiting their term in office, and restricting the time they have to pass legislation, much like Texas. Additionally, congress should be paid no more than an average of all Americans that work for a paycheck. They should have the same health coverage as everyone else and no retirement for such short terms of service.

    VOTE THEM ALL OUT!

    In my opinion the so called “Nobel Peace Prize” is a front to give political puppets a reward for service to the dark powers of this world. When people like the former Palestinian leader, Arafat, can be a recipient of the “Peace Prize” that says it all. It is a joke, another slight of hand for public consumption. Anyone that believes the Nobel organization is honest is fooling themselves.

    It appears that the U.S. and Russia are going to be fighting against each other again, with surrogates, in Syria. Russia has made it clear they do not want Assad removed from power. “WE the People” want Assad removed and want to put our terrorist in charge, to keep the middle-east unstable and allow the extremist Muslims to run amuck. It has to be “We the People” who want this to happen, because “We the People” do nothing to change it!

    Thanks Greg!

    • Greg

      Chuck,
      Vote them all out is right!
      Greg

      • jc davis

        Chuck, and Greg. The last election was the first election I did not vote. Voter fraud has been around longer and is better hidden the all the fraud in government. I give up on the vote them out program.
        As I see it a shut them down is the only choice. When we all work for ourselves.

  14. david (archivesDave) clumpner

    Superb Report per usual Greg,
    One of the best imo.
    I do have to take exception with one point Gerald has been issuing for the past year or more: “It will be more painful because they will not be able to pull off the stimulus game again.”
    I recall him making almost the same identical statement a year ago but recall what the FR did in September. Of course it was a little morphed… Each time they seem to pull a different “Joker” from their sleeve don’t they?
    The next “stimulus” could be more global with some type of FR/IMF 100+ TRILLION ‘tax bond’.
    The UE (Uber Elites) have other Aces and Joker that no one is aware of
    and we can almost guarantee they have entities such as Google, (Kurzweil & gang), in their circle of advisers, preparing eventually for some type of global digital currency.
    For all we know, the UEs clandestinely instituted Bitcoin as some type of test vehicle to observe global response.
    Sooner or later, Celente’s prognosis will probably play out unless
    we go the opposite course that Harry Dent is forecasting.

    • Greg

      Good point Dave. Celente did say they would try something. Maybe what you are saying will be the thing they do.
      Greg

  15. David Parks

    Celente is right. We must be on the verge of instability. Today, I had the most disturbing discussion with my broker at Morgan Stanley. I merely informed him that I had a list of limit sell trades I wanted executed along with the fact that I am seriously looking into withdrawing $100,000 or so from my brokers account to buy gold coins as a diversification strategy. Now I have known this man for almost 20 years and he practically threatened me with financial ruin if I bought gold. He literally said that I would experience huge towering butt f*** and green monetary blood would be flowing from my ass****. All this extreme rhetoric because I want to buy some gold coins? We must be on the verge of a meltdown.

    • Greg

      David Parks,
      The next liquidity freeze will also freeze brokerage accounts. Many brokerages have extreme counter-party derivative exposure. The two brokerages with the least (as in little to none) OTC derivative exposure are Scottrade and Edward Jones. Thank you for your real world reporting. Physical coins are in tight supply. Please tell us how easy it is to obtain $100,000 in Gold and Silver Eagles (or any other coins.)
      Greg

  16. P.G.

    Great show Greg. Your programs are among the very best on the internet. You are right about all the data saying we will be cliff diving without water.

  17. Frank Brady

    The most infuriating and unacceptable aspect of the trajectory of recent events is the sickening realization that all of my life I have believed a Lie. The irrefutable criminality of the “Democrat” and “Republican” wings of the Washington establishment can no longer be denied.

    Frank

    • Chip

      Ditto that Frank. I spent 25 years in the military fighting for freedom like I thought we Americans have. Come to find out that freedom has been slowly eroded decade after decade and we are on the cusp of becoming a police state with a third world economy.

  18. Brian

    outstanding

  19. Robert Burke

    But who needs rational thinking when you have the comforts of defeatism? If you really want to get your dose of passive-aggressive dystopia, just call up Gerald Celente. He’s on Line 2 and he’ll take your money when you have no faith in humanity or when you don’t have a clue about how to do your job. Have him rant in your newspaper. Give him money to advise your corporation. Above all, don’t look at history, science, or specific statistics. Because Celente will boil them all down for you with one of his seemingly pithy and mysterious predictions. And he’ll be right. Because like a trusted astrology columnist or a two-bit faith healer, Celente leaves just enough room in his answer to wiggle out. And you swallow it every time. Because you’re too scared to think for yourself, or do a background check on the guy in the lobby waving his arms

    • Greg

      Robert Burke,
      You are in the very small minority on what was said in this interview. With more than 16,000 views on the USAWatchdog You Tube channel there are 216 “likes” and only 4″dislikes” You must be one of the 4.
      Greg

  20. JR Anderson

    Precious metals sentiment is not only in the toilet, its down all the way in the cesspool. Anytime there is an extreme trend in a stock or commodity, it always reverses. No one cannot give an accurate date when the trend will reverse as many using technical analysis have tried and failed, but we can safely say… it’s just a matter of time.

    A basic rule of investing is if you feel euphoric, it’s time to sell, and if you feel sick to your stomach it’s time to buy.

  21. Digby Geen

    It seems to me as a man on the street that most economic experts are really just trying to pedal gold and silver!

    Don’t worry about the big fat cats, its what the man on the street is doing that is important, has he got a job or a house or some disposable income.

    And don’t worry about daily shifts in the dollar or interest rates, its long term trends that matter. Manufacturing and exports etc!

  22. When Hell Freezes Over

    Greg – you mentioned rising interest rates and credit cards. I just got an offer in the mail for a credit card. The interest rate they offered….can you guess it? 23.8% !!! I almost fell off my chair. The banks give you peanuts for loaning them money (depositing money with them), but when you borrow from them, you get reamed!

    • Greg

      When Hell Freezes Over,
      Thank you for the real world feedback and reporting.
      Greg

  23. dave walters

    greg,
    always enjoy when you and Gerald get together.
    read a good one today… yesterdays paulcraigroberts.org had a link to globalresearch.ca blah blah blah. reading it gives more perspective to govt.s outsourcing of intelligence… a subject you’ve got to like.
    annonamous bubba
    PS the Missouri field makes authentic presentation. like it!

    • Greg

      Dave Walters,
      Some say the reports from the farm are the best thing I do. Maybe so. I actually have friends who are professional farmers, and I get all my info from them. It is the real deal. Thank you for your support.
      Greg

  24. Jaric

    He’s been saying this for five years now. If you say times are good, eventually you’ll be right. If you say times are bad, eventually you’ll be right. Nobody knows how things will shake out, nobody expected things would go this far, who knows maybe things will stagnate for a decade?

    • Greg

      Jaric,
      Celente has a written track record of predictions and trends. We are printing $1 trillion a year and the current time. That Kool-Aid party will not take 10 years to end. When it does, it will end badly.

      • craig

        I agree. At college they taught me that Economics is a Science not an Art. Science has laws of nature. Bad Debt and Bankrupcy have dire consquences.