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Gerald Celente continues:
“It’s like Bernie Madoff said, ‘The US is one big Ponzi scheme.’ From the king of Ponzi he knows what he’s talking about. All they can say in the mainstream media is that it’s a buying opportunity as they sucker people back into these markets. Did you ever here them say, ‘It’s a selling opportunity?’ Not one of them, they’re a bunch of whores.”
Despite the current stock market rally, Celente says we still face difficult times ahead, “We are looking at a total global financial collapse and these collapses are not isolated to the financial community. All things are connected and the people that are suffering the most are going to be out there the most (protesting).
You have these kids holding university degrees that are worthless. They are $25,000 on average, up to $110,000 when you look at the numbers, in debt from getting a useless university degree. Now what are they going to do? They have to pay it back, they become indentured servants....
Continue reading the Gerald Celente interview below...
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“We are telling the Europeans how to solve their problems, but our own country is on an equal basis with Portugal when you look at our debt to GDP ratio and the debt problems that we have with no way out. And we have the nerve to go over there (Europe) and tell the Europeans what to do. That’s all a front, it’s a show.
This is a planned attack on the Europeans and even the Chinese to deflect the inadequacies of our policies. You even have the Senate now trying to push through legislation to put up more trade barriers and penalties against China for the so-called currency manipulation.
Meanwhile, the US is manipulating its own currency by devaluing it by printing all of this money. I’ve said this before, but we are looking at a parallel to what we saw in the 1930’s. It’s repeating all over again.”
The KWN audio interview with Gerald Celente is available now and you can listen to it by CLICKING HERE.
© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
Eric King
Celente - We are Looking at a Total Global Financial Collapse
With gold and silver taking off to the upside along with stocks, today King World News interviewed Gerald Celente, Founder of Trends Research and the man many consider to be the top trends forecaster in the world. When asked about the recent action in gold and what he sees going forward, Celente responded, “The action in gold is things being manipulated. Even though gold is higher today, they don’t want to see gold going up. Pick up any newspaper, they have one flunky after another writing about why gold is a bubble. So what they are doing is talking down the price of gold and other precious metals and they are pumping up their phony currencies.”
© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast,
rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
October 10, 2011
