The Financial System Is Collapsing Before Our Eyes

kingworldnews.com

Today top trends forecaster Gerald Celente told King World News that the financial system is breaking down and collapsing right before our eyes.  Celente had correctly forecast back in 2012 that a bank holiday would occur in Europe, and also said events continue to spiral out of control going forward.  Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world.  

Eric King:  “Gerald, I have to start off talking here about the bank holiday we’re seeing in Cyprus.  You had called for bank holidays, your thoughts here?”

Celente:  “First we thought they were going to happen in the United States, but we didn’t know they were going to be dumping quantitative easing unlimited into the economy.  This is unprecedented.  So we knew there was going to be a bank holiday, and in 2012 we started warning about bank holidays in Europe.  I’ve been saying it for the last 14 months, there are going to be bank holidays....

“You cannot prop-up banks just by pumping in new money, and after there is none left, then go to the people and call it austerity measures.  Then take all of their money and give it to the banks, and when that fails, there is nothing left.

Right now we are almost to the point of nothing left.  Cyprus is the one that everyone should look at.  We believe it’s a test case.  So with Greece already down, Spain out, Italy on the edge, and Portugal gone, Ireland barely floating, to us Cyprus was the test case to see what they can do to steal the money from the people one more time.”

Eric King:  “You know by now that there was Russian money, we had been reporting on that ahead of the curve the fact that it was ex-KGB (money), it was their Switzerland.  The vote came in against this (theft), and people were fearing for their lives in the (Cyprus) government.  Your thoughts there because you can’t steal from the Russians.  They are going to kill you.”

Celente:  “Yes ... The central bankers are going to learn it.  They all lost by going after the Russians.  These are the Russians, they don’t give up. 

All Cyprus is, it’s (similar to) a division of the Grand Cayman Island, it’s just a different group of people washing and money laundering.  But this is about much more than Cyprus, bank runs, and stealing money from the depositors.  What we are looking at, Eric, on another level is an alliance, an alliance leading to wars.

Look, they just appointed a new President in China, Xi.  Where is the first place he went to visit?  Moscow.  Putin.  Then there is Iran.  So you can see the alliances already forming:  It’s China, Russia, and Iran, against the United States, the Arab League, and Nato.

And then you look at where the United States is now moving its military - Asia.  Currency war, trade war, world war.  When all else fails they lead you to war.  The systems are breaking down.  The whole thing is collapsing.”

Celente also added: “People always say to me, ‘Mr. Celente you are always talking about gold.  What are you going to do with gold when everything collapses and there is no money?’  Well, let’s say you are a Cypriot and all of the ATM machines are out of money and the banks are closed?  Do you think those pieces of silver are going to buy you what you need?  Do you think that ounce of gold is going to get you what you want? 

That’s the real money.  There is no other money.  When it all comes down, gold and silver are the only things you have to buy what you need, get what you want, or even get out if you need to.”