Gerald Celente Exclusive: “If rates go up too high, the economy goes down, end of story”
By: Mike Gleason
GoldSeek.com
Monday, 12 March 2018
Mike Gleason: It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps the most well-known trends forecaster in the world and it’s always great to have him on with us.
Mr. Celente, thanks again for the time today and welcome back.
Gerald Celente: Oh, it’s always great being on. Thank you.
Mike Gleason: Well, Gerald, it’s never a dull moment in Washington, D.C., these days. President Trump always keeps it lively. We have the never-ending Russia controversy, of course, the war of words with North Korea, and the intervention in Syria have both been regulars in the headlines over the past year. Now Trump is talking about tariffs and people are worried about a trade war. Volatility is coming back to the stock markets and some investors are getting nervous about rising interest rates. When it comes to Russia interfering in U.S. elections, it seems more or less like a smoke screen. We have very little doubt there is plenty of collusion and a fair bit of it involved Hillary shepherding the Uranium One deal over the finish line.
So, we’re finding it hard to predict which of these stories are worth paying attention to and which are likely to fade away. And there’s nobody better who can help us evaluate this than you, so I’m excited to talk today. So, which of the current stories have legs, Gerald? Will there be a trade war, a big correction in stocks, another attempt by Democrats to impeach Trump? What?
Gerald Celente: Well, the attempt by the Democrats to impeach Trump have never stopped. And, again, Mike, I’ve been at this a lot of years, and anybody awake and alive that hasn’t tuned out knows that every time we’ve had an election in this country, whether you like the person or not, they always used to say, “Well, whether you like it or not, this is the new person. Let’s rally behind him and try to push the country forward.” That never happened with Trump. And I want to make this really clear. I’m not a Trump supporter. I didn’t vote in this last election. And (people say), “Oh, you didn’t vote? Did you get what you deserve?”, to which I say, “Grow up. If you voted for any of these people, then you got what you deserve and I don’t deserve either of them. My standards are different.”
And I look what’s going on. It doesn’t make the news, all the things that you just mentioned. Hey, how about what just happened in Italy with Cinque Stelle, the Five Star Movement, becoming the major party, a party that just started in 2009 because the people are disgusted with the establishment. How could you be disgusted with the establishment? You should love the establishment. How could you dare be anti-establishment? That’s the stupidity of the language that they use.
They call it, for example, what Trump is doing, protectionist movements. Oh, a protectionist? Oh, I’m a close combat practitioner, have been for over a quarter of a century. I’ll protect myself. I’ll protect myself if I’m being attacked. But yet if you’re being attacked trade-wise, economically, and you go to protect yourself, well, you’re a protectionist. So, listen to the language, it’s very important as a trend forecaster.
You mentioned about the Russian elections. The bar has sunk so low that people are listening to Samantha Power, the former UN Ambassador. And I’m tired of hearing this baloney, “Oh, if only women were in charge.” It’s not about men, women, race, creed or color. Good and bad comes in all of them. Let’s call it equal. This is a woman, along with Hillary Clinton, Samantha Power and Susan Rice that started the Libyan War, that overthrew a sovereign nation, whether you liked the guy or not, that did nothing to us and created the refugee problem that nobody talks about and the migrant crisis. Because when Qaddafi was in there in Libya, they weren’t going into Europe. He made a deal with them and warned them that when he went, the migrants would come.
Going back to Samantha Power, they quote this warmongering woman who loved every war that she’s ever known beginning with Bill Clinton’s destruction of Yugoslav War, she’s quoted in the Spanish newspaper, El País, regarding the election that just happened in Italy, “Italy joins long list of elections influenced by Russia. Sputnik will do Sputnik does,” of course, that’s the media station, “The question is what are our democracies going to do about it? Will voters repudiate candidates who seek to benefit from Russian interference?” Only a stupid moron, an ignorant jerk, would say those words and only low life presstitutes that put out, because they get paid to put out, would repeat those words and that’s what the media has become. So, if anybody is tuning in to the mainstream media to get their news, you better grow up.
And the same thing’s happening with the equity markets. Look what happened. Oh, the markets are down. Yeah, so? Why did they go down? Well, listen to why they went down. Ah, because that guy Gary Cohen’s not in there, I tells you, and he was the chief economic advisor and he’s against Trump’s trade policies and tariffs. Just hours before that, the same blabbermouths on the business media were trumpeting that the market went up 150 points because North Korea is talking peace. North Korea talking peace has nothing to do with anything. It has nothing to do with price-earnings ratios. It has nothing to do with GDP. Oh, yeah, if they’re going to blow the joint up, of course, then the whole world has to worry, but that’s not going to move a market. So, the markets are moving because of one major issue and that’s interest rates. And they’re concerned that they’re going to raise interest rates too fast.
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