Celente – Powerful & Destructive Big Bank Holiday Coming
April 4, 2013
Today top trends forecaster Gerald Celente warned King World News that people around the world need to brace themselves for a powerful and destructive “big bank holiday,” which he now predicts will happen this year. Celente, who had correctly forecast back in 2012 that a bank holiday would occur in Europe, is the founder of Trends Research and the man many consider to be the top trends forecaster in the world.
Eric King: “Gerald, earlier you mentioned a ‘big bank holiday,’ what do you mean by big bank holiday?”
Celente: “Look at what’s going on in Italy, they don’t have a government yet. It’s been going on for two months (in Italy). Look at their debt/GDP ratio. It’s approaching 130%. How are they going to pay off this debt?
Look at what’s going on in Spain, Portugal, Greece. Those are the bigger bank holidays (that are still to come). They called a bank holiday in the United States in 1933. That’s not ancient history. And what did they do? They devalued the dollar.”
Eric King: “Is that what you see eventually happening here?”
Celente: “I can definitely see it happening….