“Today the man who remarkably predicted months ahead of time that the Fed would taper in December, then again in January, and who also predicted the global market plunge that we are now seeing, warned KWN that there is no way out this time for central planners as the global Ponzi scheme has now begun to collapse. He also discussed the incredible turmoil taking place around the world. Below is what Gerald Celente, founder of Trends Research and the man considered to be the top trends forecaster in the world, had to say in this remarkable interview.
Eric King: “Gerald, so far this chaos is unfolding exactly as you said it would with the market turmoil around the world. Some of the market participants are becoming a bit shocked at what’s unfolding here, but you called it to perfection. My question to you is, where do we go from here?”
Celente: “Global markets are headed down, but it may not be in a straight line because you are going to start seeing the Fed, (Washington) D.C., and the Wall Street gang move in to stop the slide in global equities.
“Look at what’s going on around the world: The Asian markets keep tumbling, and the European markets are also continuing to tank. Look at what’s happening in the emerging markets: As I said to you last week, ‘These countries are raising interest rates in order to protect their currencies as their economies are declining. Brilliant. That’s the exact opposite strategy for growth.’
So the handwriting is on the wall now, but it’s going to try to be erased by outright lies from the Federal Reserve, its members, and it’s Orwellian propaganda machine — the mainstream media. Washington will also play a part in the lies and propaganda, along with Wall Street gang.
You are also going to see the Plunge Protection Team go to work at some point, and they will also use every trick they can in an attempt to try to prop up these plunging global markets. During this chaos the mainstream media and Wall Street propaganda will be non-stop and it will be proclaiming, ‘This is only a temporary correction.’
If you tune in to the major business networks they are dragging out every possible Wall Street shill that they can to spew the great lie that ‘This is a buying opportunity.’ Then these shills start spouting out half-truths and outright lies to keep promoting the Ponzi scheme.
I want to be perfectly clear about this: There is no way out. And as this starts to really being to unravel, and it will, just like I have predicted — the Fed will come up with a new scheme to increase the amount of money they are dumping into the system. But this is the important point for KWN readers around the world: This new scheme by the Fed is not going to work.
Just look at what’s going on over in Japan. We have seen ‘Abenomics,’ with trillions of yen dumped into the system. But just like in the US, the only ones that have benefitted from it are the big players — the elite — and now it’s all coming unwound.”
Eric King: “Today John Embry told KWN that the global markets are now subject to “total collapse” overnight. Is that a possibility here?”
Celente: ….”
Celente is a crack-up!
” But just like in the US, the only ones that have benefitted from it are the big players — the elite — and now it’s all coming unwound.””
Celente makes ALL is money off what he calls the “elite” … iow, hedge funds who subscribe to his often wrong, but never in doubt forecasts
He’s a hoot. Recently met him in person; a real character from da Bronx. I would not say he is often wrong since trends take needed time to develop and unfold. I’d say his timing is off like many bearish calls are.
that is cool! he’d definitely be interesting to talk to … but he should be honest, his wealth comes from the wealthy aka ‘the elite’ he loves to bash … and he is a great promoter of himself, not the most modest guy … but interesting & thought provoking none the less
true that son
did anyone see maria b’ interview with o’reily last night.he welcomed her to the network,so forth and blah blah . i loved when he told her that the game was rigged,and the reaction on her face was priceless. she also went on to say that folks should be in stawwks.oh how priceless that statement was. i have one thing to say,and it’s not celente,yea he may be somewhat right, but my favorite who nailed it,meredith whitney.