Gerald Celente: Low Interest Rates are Building the Biggest Bubble in Modern History
“They chop off two white guy’s heads and it’s a big deal – But bomb little kids to pieces, that’s all right”
This week we speak with the publisher of the Trends Journal, Gerald Celente. Gerald Celente is known for his down to earth way of approaching global events, and he does so ruthlessly, speaking his mind about what he sees going on in the world, with the facts to back up his statements. Knowing that Gerald Celente is a precious metals investor, and a proponent for physical ownership of gold, we brought Gerald on to speak about the geopolitical events and trends which will move gold higher in the coming years.
Speaking on what trends will move gold higher in the coming decade, Gerald talks about Ukraine. He believes that if the unrest spreads to other parts of Europe, there will be more destabilization. Gerald mentions the unstable situations in Israel, Syria, Egypt, Yemen, Iraq, Afghanistan, and places like Argentina, Venezuela and Brazil, which are facing recessions.
When we put the geopolitcs together, and see what’s behind it, it’s a good climate for gold. Gerald buys gold for his own possession. The reason why there’s been a recovery in the general markets since 2008 is because all the trillions of currency units that have been dumped into the system (whether dollars, yuans or euros). That currency has kept the financial markets afloat, while others have been going under.
Gerald further says that everyone is doing their best to pump the financial markets up. China has an estimated 70 million luxury apartments that are vacant and they have gone from 1 trillion dollars of debt in 2001, to 25 trillion of debt today. The debt to GDP ratio of Japan is around 225-250%. There is no way out of this, other than “pumping in more cheap doe”.
Gerald states that the markets should have unfolded a long time ago, but we had no idea that we would live through a period of continually low interest rates. This is unprecedented in history. They are building a bubble, the biggest bubble we’ve seen in modern history.
Next, Gerald touches on the ISIS situation where two western journalists were beheaded by the extremist group. Looking at the fact that UN and American troops killed millions of civilians in Iraq and Afghanistan, Gerald points out that ISIS gets unfair amounts of media attention for killing two journalists. Furthermore, he believes that the US government is looking for any excuse for war. Gerald poses the question, “We can’t even fix Detroit, how are we going to fix something halfway around the world?”
Finally, closing on the topic of Ukraine. Gerald says that the US and Europe were the one’s that instigated the entire overthrow of the Yanukovich government – a democratically elected government (see speech from Victoria Nuland 12/13/13 on Youtube). So, to blame it all on Putin is more about propaganda when the facts are telling a different story.
Gerald Celente is an American trend forecaster, publisher of the Trends Journal (www.trendsjournal.com), business consultant and author who makes predictions about the global financial markets and other events of historical importance. Celente has described himself as a “political atheist” and “citizen of the world”. He has appeared as a guest on media outlets such as CNN, The Oprah Winfrey Show, The Today Show and Russia Today.