Listen Closely: Gerald Celente’s Warning To Everyone: Entire Financial House of Cards About to Collapse And A Tidal Wave Entrance Into Gold Will Happen When Central Banks Can’t Paper Over Anymore
November 3rd, 2012
Gerald Celente – Expect A Tidal Wave Entrance Into Gold
Today top trends forecaster Gerald Celente discussed gold at length, as well as other important trends with King World News. Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world. Celente predicted, “a tidal wave entrance into gold,” because “the entire financial system is in collapse.” But first, here is what Celente had to say about what is happening around the world: “The highlight for the moment is on Greece, but let’s remember that Greece only counts for 2% of the eurozone GDP. It’s more about publicity. How will it look if they leave? Also, everybody knew that the $125 billion (for Spain) was a drop in the bucket compared to the trillions of dollars of debt.”
Gerald Celente continues:
U.S. Economy: Predicting Protracted Hard Times – Stephen Lendman
It works the same way every time. Bad policies assure bad results. Prioritizing short-term profits jeopardizes long-term gains.
Force-fed austerity when stimulus is needed is madness. So is harming economies, communities, and ordinary people to save banks.
Chickens eventually come home to roost. We’ll know when they arrive. Perhaps it’ll be sooner than imagined.
Money power in private hands assures it. The Fed and other major central banks bear full responsibility for monetary madness.
The late Bob Chapman warned about easy money, market manipulation, reckless speculation, counterproductive fixes, and unsustainable debt causing today’s crisis.
He predicted an eventual house of cards collapse. Only its timing remained uncertain. He’s not around to see what won’t be pleasant when it arrives.
It’s too early to know for sure, but monetizing debt/excess money printing may have hit a wall. One economist suggests Bernanke can’t do much more in the mortgage market.
“What’s going to happen with the Italians with their bond yields skyrocketing? So with each day it’s a new catastrophe. With each new catastrophe you hear the same lines from the central bankers and the politicians, ‘We have to fix this one. If we don’t fix this one, the whole world will go up in smoke.’ So this is really serious.
Read more at http://investmentwatchblog.com/listen-closely-everything-could-implode-at-the-same-times-gerald-celentes-warning-entire-financial-house-of-cards-about-to-collapse-and-a-tidal-wave-entrance-into-gold-will-happen-when-central-ba/#hxqCcQQDZLqYtwFh.99