People need to buckle up and get prepared because we are on the cusp of the greatest crisis in the history of the world.
BIS Just Gave World’s Central Banks Marching Orders
April 10 (King World News) – Eric King: “Gerald, the Bank for International Settlements (BIS) is the ‘Bank of Banks’, so they give the marching orders. And they essentially said, ‘Listen, you’re going to have to start raising interest rates, you’re going to have to start cutting back on all of this QE, and you’re going to have to deal with the pain associated with that.”
Inflation And The Crime Syndicate In Charge
Gerald Celente: “Yes. They (the BIS) go on to say that consumer prices in the world’s 30 richest countries rose at an annual rate of 7.7% in February. Wait a minute, February? That was before the sanctions because Russia didn’t invade Ukraine until February 24th. So the situation is even worse than what the BIS is saying. Inflation is going through the roof, and they don’t know what to do about it.
Take a look at the ECB. The official rate of inflation is about 7.5%. Oh, 7.5%? And wait minute, you clowns that call yourselves bankers and experts, you’ve been BS’ing now for how many years that when the inflation rate hit 2% you were going to raise interest rates? I’m not making that up, how come nobody is calling out these liars? Oh, it’s (the inflation rate is) 7.5%? Wait a minute, what’s your interest rate? Oh, negative 0.5%. This is a crime syndicate in charge. They don’t care about the facts.
Look at what they did when the COVID War began. People forget. You go back to September 2019, the Federal Reserve dumped how much into the REPO market? ‘What’s a REPO market?’ ‘I don’t know but they’re dumping money into it.’ And what did they dump in? $7 trillion from September 2019 to January 2020 (a 5 month period). Oh, and then what happened in January 2020? The COVID War began and they started locking down everything. Oh, and the markets started crashing. And then what happened? Oh, the banksters, they did another game. They lowered interest rates to ZERO in the United States. It’s still negative in Japan and Europe. And governments pumped money in, artificially boosted the economies and the stock markets. Oh, the stock markets boomed! The stock markets boomed while hundreds of millions of lives and livelihoods were destroyed.
It’s Not Business As Usual
It’s not business as usual. Do you know what the office occupancy rate in the United States is? 40%. ‘You mean it’s down 60%?’ You go to New York, on the east side, west side, all around the town, for rent, for rent, for rent, for rent, for rent, for rent. So now they are coming out and central banksters are saying they are warning of an inflationary era. Guess what? This is nothing new. Everything they are doing is making a terrible situation worse. We are on the cusp of the greatest financial, socioeconomic, and geopolitical crisis in the history of the world.”
Eric King: “Gerald, with the BIS giving marching orders for central banks around the world to halt the QE, to raise interest rates to combat inflation, and deal with the associated pain because we’ve seen it before, we’ve been through it before, where does that leave us going forward? Because when you normalize interest rates in the West, the question begins to arise, can those countries even pay a normalized interest rate on their debts because the debt has become so massive?”
US & Europe Have Most Negative Real Interest Rates In History
Gerald Celente: “No, they can’t. But let’s look at the interest rates, okay? Don’t believe me, believe the IMF, the International Mafia, oh, no, no, the International Monetary Fund. They just forced Argentina to raise their interest rates to 44.5% because Argentina owes the IMF all this money and according to the IMF you have to raise your interest rates 1% above the inflation rate. Oh, okay. So here we are in the Unites States and we have an inflation rate of, what, 7.9%, and that’s a fake inflation rate because the real inflation rate is 16% according to John Williams at Shadowstats and others. But let’s go back to the fake number that is shoved down our throat and we’ll say it’s 7.9%. Okay, you need interest rates at 8.9%. Over in Europe, interest rates of -0.5%, and the official inflation rate is 7.5%. So Europe’s interest rate should be 8.5%, not minus .5%.
So what I’m saying to you is even if they raise interest rates to 3% or 4% in the United States, that will crash the markets…Now what if they bring interest rates to the real rate where it should be like they did in the Volcker days with Reagan? Oh, you’ll have a collapse like you won’t believe, but don’t…to continue listening to one of Gerald Celente’s greatest interviews ever CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss Russia setting up the gold market for a massive short squeeze CLICK HERE OR ON THE IMAGE BELOW.
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