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Celente:  “There is going to be a Lehman Brothers moment. ...The Federal Reserve has given banks two more years to get rid of their risky loans, so the gambling has just heated up.  That’s all this is is gambling, and the wrong house is going to make the wrong bet....


Continue reading the Gerald Celente interview below...




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“And when the wrong house makes the wrong bet, that takes down a lot people other than the house.  It’s a house of cards.  It’s built on cheap paper.  There is nothing there holding it up.  So when one house of cards of digital money comes down it’s going to crash and it’s going to drag others down just like Lehman Brothers did.


The problem of course (in 2008) was systemic.  The problem is systemic now.  It hasn’t gone away.  It’s increased in size and intensity from the trillions of dollars pumped into the financial sector to build a bigger bubble -- a bubble built on rigged markets, inside deals, and outright lies.


We’ve never seen gambling at a level like this, and now you are seeing it even more unregulated by the latest moves signaled by the Fed.  So when this happens, we see a whole new round of stimulus.  They are going to dump money into the financial system and they will do unprecedented money printing worldwide.”


Eric King:  “But you are saying the excuse for this (increased QE or new stimulus) is going to be the fact that a major (financial) house will fail -- that way the Fed doesn’t lose credibility.”


Celente:  “They are going to use the excuse that a major house failed to come up with a Yellenomics plan.  Of course they won’t say they are doing this because their policies have been nothing but proven abject failures.  They will blame it on the failing (financial) house.  They will blame it on the failing house of cards that made bad bets. ...And so it will give them a free ride to use it as a coverup to keep printing more money.”


UPDATE - Celente also discusses how this will impact the gold, silver, markets and much more in his audio interview.  The KWN audio with Gerald Celente is available now and you can listen to it by CLICKING HERE.


IMPORTANT - KWN has many more interviews being released today.


© 2014 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 This material may not be published, broadcast, rewritten, or redistributed.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.


The audio interviews with Gerald Celente, Dr. Marc Faber, Egon von Greyerz, Rick Rule, Ben Davies, Rob Arnott, Dr. Paul Craig Roberts, Andrew Maguire, Art Cashin, Eric Sprott, Bill Fleckenstein and John Mauldin are available now. Other recent KWN interviews include Jim Grant and Felix Zulauf -- to listen CLICK HERE.


Eric King

KingWorldNews.com

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