Gerald Celente – This Will Trigger Panic On Wall Street & Around The World In 2015
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….
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.
Gerald Celente Predictions 2015: Disastrous Christmas, World War 3, US Economic Collapse
Related:
71% of Americans Are 'Dissatisfied' With Direction of the
Country; Less Than Half Think 2015 Will Be a Better Year
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