Global Crash Will Force More Money Printing-Gerald Celente…”There is no recovery. It’s been a cover-up.”
By Greg Hunter
USAWatchdog.com
August 23, 2015
Top trends researcher Gerald Celente has recently predicted a market crash between now and the end of the year. It looks like that prediction is unfolding now, and Celente contends, “It’s very simple. You have a global slowdown, and this is after central banks have pumped in trillions of dollars, yen, yuan, euros and you name it to propping it up. We are in unprecedented territory. This has never happened before in the history of the world. . . . Even the Wall Street Journal came out last week with a front page story and said the Fed used up all its ammunition. They have nothing left to do because they have record low interest rates, but I disagree with them. I believe they will come out with another round of quantitative easing (QE or money printing). They will do anything they can. It looks pretty sure they are not going to raise interest rates in September. . . . What is going to create jobs? The jobs they are creating stink. Here’s a number for you. Medium household income is 6% below where it was in 1990. Look at the new home buyers. In good times, first time buyers are usually around 40%. It is down to 28%. Look at the amount of people who own homes. It’s back to 1960 levels. Look at the labor force participation rate. It is back to late 1970’s levels. There is no recovery. It’s been a cover-up.”
The Rest…HERE
