Gerald Celente - The Power Of Gold & An Economic Collapse
Today top trends forecaster Gerald Celente spoke with King World News about the power of gold and an economic collapse. Gerald Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world. Below is a of what acclaimed forecaster Celente had to say to KWN in this powerful and exclusive interview.
Celente: “That’s what he (Bernanke) said, ‘Nobody understands gold prices.’ He also called gold, I love this one, ‘An unusual asset.’ And he said that some people see gold as ‘disaster insurance.’ Yes, disaster insurance against what people like he and he and other central bankers are doing -- creating a global disaster by printing all of this digital money.
Look
at what happened when Bernanke announced this whole ‘tapering’ back in
May. By the middle of June the markets were tanking on the fear that
they would stop printing money. They have to keep printing the money in
order to keep the Ponzi scheme going.
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Today top trends forecaster Gerald Celente spoke with King World News about the power of gold and an economic collapse. Gerald Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world. Below is a of what acclaimed forecaster Celente had to say to KWN in this powerful and exclusive interview.
Celente: “That’s what he (Bernanke) said, ‘Nobody understands gold prices.’ He also called gold, I love this one, ‘An unusual asset.’ And he said that some people see gold as ‘disaster insurance.’ Yes, disaster insurance against what people like he and he and other central bankers are doing -- creating a global disaster by printing all of this digital money.
“When you go back and
listen to Bernanke, when Ron Paul was a member of the House (of
Representatives) and was questioning him and Ron Paul asked him, ‘Is
gold money?’ And Bernanke said, ‘No, it’s a precious metal.’
So
here’s what I have to say: You better tell the Iranians. (And you
better tell) the Turks and the Chinese that are buying Iranian oil and
giving Iran gold that they are really not giving them (Iran) anything of
value, (that instead) it’s only ‘an unusual asset’ (laughter ensues).
So they (the Iranians) are selling oil for unusual assets (laughter).
It
all comes back to gold. Eric, go back to the House Financial Services
Committee hearing this past Wednesday. Here is what Bernanke said on
the effects of tightening the so-called monetary easing: ‘I don’t think
the Fed can get interest rates up very much because the economy is
weak, inflation rates are low ... If we were to tighten policy (meaning
monetary policy) the economy would tank.’
That
should have been the headline story in Thursday’s newspapers around the
world. Pick up The Financial Times, The Wall Street Journal, The New
York Times, they never mentioned the phrase, ‘If we were to tighten
policy, the economy would tank.’ And that’s where it’s going.
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