Today top trends forecaster Gerald Celente spoke with King World News about gold, silver and the frightening “next great trend.” Celente also told KWN that right now he is actively accumulating physical gold and silver ahead of this next great trend. Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world.
Here is what Celente had to say: “The
new numbers came out over in Europe and Italy’s jobless rate jumps to
record highs, and so it jumps throughout Europe. Unemployment hits new
records in the eurozone. And you can come back home, personal income
plummets in the United States.
Eric King: “Gerald, what do you see as the ‘next great trend’ going forward?”
Celente: “It’s
a breakdown of societies all over. You look at what’s going on over in
Greece. We’re getting reports coming in that mercenary groups are
going in there because a lot of the (Greek) military does not want to
fight against the people.
People
(in Greece) are sleeping out in the streets. They’ve lost everything.
Suicide rates are off the charts. When you look at what people are
doing and how lost they are, that they are taking to the streets by the
hundreds of thousands in Portugal (as an example). By the way, these
(protests) are happening spontaneously.
Again,
going back to the Beppe Grillo model (in Italy), it’s the people’s
movement. So what they (central planners) are doing is they are
preparing for (more) unrest. Not only there (in Europe), but they are
preparing for it in the United States as well.
When
you see the legislation that has been passed such as the repeal of the
Posse Comitatus Act, it now allows the military to take over police
duties. That was the 1878 Posse Comitatus Act following the Civil
War. The military was everywhere (after that war until 1878).
So
now the military can come back onto the streets. They know that unrest
is bubbling over everywhere. It’s happening in Romania, Slovenia, and
around the world. The unemployment levels are hitting new highs.
People are going into poverty and losing everything.
And,
again, the only thing holding it up is this cheap money. Why aren’t
gold and silver prices going up? They should be. Everyone knows that
game is rigged. I believe that the Federal Reserve and the other
central banks are manipulating the prices to keep interest rates
(artificially) low.
With
interest rates this low it should be undermining the value of the US
dollar and all of the other currencies. Look at how thinly the gold
markets are traded, and how easily they can be manipulated. As I see
it they need to keep the value of gold and silver down. The Europeans
and the Americans especially are keeping it (prices) low.
But
people will (eventually) wake up to the fact that the only reason why
their economies are sputtering along at any level at all is because
they have debased the currencies by pumping all of this money into the
system.”
Celente also added: “Yes,
they (the Chinese) know they are holding onto all of these worthless US
assets and they have to do something. What they are also doing (by
acquiring more physical gold) is they are strengthening their
currency.
It
(the yuan) is going to become more and more of a traded currency.
China is in the business of business. They want to see the United
States lose its status as having the reserve currency. In the meantime
they are building up their gold treasury to support their yuan.
You
remember when Nixon took us off of the gold standard, you read his
words and you read the words of John Connally, who was the Treasury
Secretary at the time, and they said that the United States was basing
the reserve currency on the strength of the (US) economy.
Well,
1971 was a lot different than 2013. We don’t have that strength
anymore. We have a $16.5 trillion deficit plus unfunded liabilities.
So the United States doesn’t have a strong economy and there is no way
they are going to be able to pay off this debt. The only way I see it
happening is by a (tremendous) debasement of the currency.”
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