Today the top trends forecaster in the world spoke with King World News about what is going to trigger panic on Wall Street and around the world in 2015. Below is what Gerald Celente, founder of Trends Research, had to say in his powerful interview.
Eric King: “Gerald, I know you’ve read the KWN interview with former White House official, Dr. Philippa Malmgren, that warns the world is dangerously close to collapse as we head into 2015. Dr. Malgren warned about the arrogance of central planners.”
Celente: “I don’t know if it’s arrogance on the part of central planners or just stupidity. You can see by the Fed minutes there is constantly a high level of confusion. It’s more of a show — how they pretend to know what they are doing….
Continue reading the Gerald Celente interview below…
Eric King: “Dr. Malmgren was warning that there are parallels today vs the Weimar Germany era of the early 1920s. Dr. Malmgren also pointed out that there is this historic experiment to create inflation, and that Paul Volcker has warned we better be careful what we wish for.”
Celente: “The money printing and record low interest rates have been used to pump up global stock markets. This unprecedented scheme is what’s creating the chaos. It’s the devaluation and the destruction of the currencies that’s currently causing and will continue to cause the turmoil.
This has been a total gamble by the Federal Reserve. They have dumped an unprecedented amount of money into the system and not raised interest rates since 2006. And as Dr. Malmgren warned, it’s not only in the United States — it’s around the world.
In Russia we have seen the ruble lose 50 percent of its value. So the Russian people have seen their purchasing power collapse. We are seeing this type of thing in countries around the world right now, particularly in the emerging markets. There will be a massive global financial panic before this is over. So this is much bigger than just the United States. This is a global wind-down from the hot years of money printing that is now beginning to dry up.”
Eric King: “I spoke with Dr. Malgren about the interview I did with the legendary Dr. Anna Schwartz when she was 92 years old. Schwartz warned there was a tremendous risk that we would experience a loss of confidence and runaway inflation because of the reckless policies of Western central planners. Are we in danger of seeing that loss of confidence Dr. Schwartz was warning about?”
Celente: “What does the word confidence mean? Break it down. In this case confidence = con men and con game. That’s all it is. So people will lose confidence in the con men because they have already shown their cards. It’s a Ponzi scheme. So the con game is running out and they don’t have any more cards to play.
What are they going to do? They can’t raise interest rates. We saw what happened in the beginning of December when the equity markets started to unravel. So it will be a loss of confidence in the con game and the con game is soon coming to an end. That is when you are going to see panic on Wall Street and around the world.”
Gerald Celente: Founder & Director of the Trends Research Institute – Is the top trends forecaster in the world. The Trends Journal® provides insights, strategies and opportunities to help you navigate these treacherous and unprecedented times. Subscribe to Gerald Celente's extraordinary Trends Journal for a mere 27 cents a day by CLICKING HERE OR ON THE IMAGE.
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The audio interviews with Michael Pento, Bill Fleckenstein, David Stockman, Dr. Philippa Malmgren, Egon von Greyerz, Dr. Paul Craig Roberts, Stephen Leeb, Andrew Maguire, John Embry, Gerald Celente, Rick Rule, Ben Davies, William Kaye, Rick Santelli, John Mauldin and Marc Faber are available now. Other recent KWN interviews include Jim Grant and Felix Zulauf — to listen CLICK HERE.