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Gerald Celente: Economic Meltdown Worse than Great Depression Coming

Renowned trends researcher Gerald Celente is making a big change to his 2018-2019 economic forecast. What is the timeline for this coming market meltdown? 

Celente says, “The timeline is tough, but look . . . all you need is one major failure or one major hedge fund pulling out because that’s who is running the show. You look at the number of stocks that have declined.

Look at the big hedge funds and the private equity groups that are running this, and look at their debt level. It does not take a genius to figure this out. If you have $250 trillion worth of (global) debt and interest rates are going up, and it’s costing you more to borrow as you are making less, what is going to happen? It’s going to collapse.

You’ve got to pay more on your debt, and your debt is ballooning. Of course, it’s going to crash. It’s a Ponzi scheme. . . .It’s going to be worse than the Great Depression. 

When this thing crashes, it is gone.” Celente says you should have is physical gold, but don’t wait too long to buy it. Celente says, “There is going to be a spike to the $2,000 per ounce mark when it gets past $1,450. It won’t be a gradual increase.”

- Source, USA Watchdog

Gerald Celente: Markets On Course To Crash With Italy’s Problems

Destabilization around the world is showing signs with global currencies “collapsing,” said Gerald Celente, publisher of the Trends Journal. “It’s beyond Italy. 

It’s going on in all the emerging markets and the developed nations,” Celente told Kitco News. 

Celente said that the new Italian government is reflective of the broader anti-establishment sentiment in Europe, with Brexit being a leading example. “This could be the beginning of the end of the euro. If that happens, because of what’s going on in Italy, you’re going to see destabilization everywhere,” he said. 

On gold, Celente said that the yellow metal needs to hit at least $1,450 an ounce before upward momentum can be seen. “Gold has to break above $1,450 an ounce, and then at that time we see a spike to $2,000 and above,” he said.

- Source, Kitco News

Gerald Celente: Economic Meltdown Worse Than Great Depression Coming

Renowned trends researcher Gerald Celente is making a big change to his 2018-2019 economic forecast. 

What is the timeline for this coming market meltdown? Celente says, “The timeline is tough, but look all you need is one major failure or one major hedge fund pulling out because that’s who is running the show. You look at the number of stocks that have declined.

 Look at the big hedge funds and the private equity groups that are running this, and look at their debt level. 

It does not take a genius to figure this out. If you have $250 trillion worth of (global) debt and interest rates are going up, and it’s costing you more to borrow as you are making less, what is going to happen? It’s going to collapse.

You’ve got to pay more on your debt, and your debt is ballooning. Of course, it’s going to crash. It’s a Ponzi scheme.

It’s going to be worse than the Great Depression. When this thing crashes, it is gone.” 

Celente says you should have is physical gold, but don’t wait too long to buy it. Celente says, “There is going to be a spike to the $2,000 per ounce mark when it gets past $1,450. It won’t be a gradual increase.”

- Source, USA Watchdog

Currencies Crashing Around the Globe

Gerald Celente stopped by today to discuss the rising tide of currency collapses. It seems that just about everywhere you look there's a country who's currency is on the skids. 

Iran, Venezuela, Argentina, Russia and the list goes on. No surprises here, just more fallout from the ultimate failed US Dollar short. 

Where it stops nobody knows, but there's a lot more turmoil ahead. And don't forget about major internet censorship kicking in. First they came for Alex Jones...

- Source, FSN Gold and Silver

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Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. 

Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente, whose motto is “think for yourself,” observes and analyzes the current events forming future trends for what they are – not for the way he wants them to be. 

Gerald Celente has earned his reputation as “The most trusted name in trends” by accurately forecasting hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends.

- Source, Old Radio