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Gerald Celente on the World's Financial System: "This thing is coming down"

“This Thing is Coming Down,” Says Gerald Celente

In a lively Saturday interview on King World News,Gerald Celente began by ridiculing the media’s propensity to jump from one hyped event to the next during the global financial crisis, providing a unnecessary distraction from the all-important final outlook he forecasts for investors.

“This thing [financial system] is coming down,” Celente told KWN’s Eric King.

The outcome of the Greek election is not important, according to the founder of Trends Research Institute. What’s happening in any country is not particularly important, per se; it’s the collective symptoms of a global financial collapse that investors should focus their minds upon before considering what to do to protect their wealth.

Read more: http://www.beaconequity.com/this-thing-is-coming-down-says-g...



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Though, not complete, below,

Though, not complete, below, is a list of items that support Celente’s call for an impending next leg down in the global financial crisis.

ñ A property bubble about to burst in Canada

ñ Bank runs in Greece, Spain and Italy

ñ Spain housing market to drop another 25 percent, according to S&P

ñ Netherlands reports sudden 10 percent drop in retail sales

ñ EU proposes currency controls

ñ China reports rapidly decelerating GDP, ramps up gold imports

ñ Baltic Dry Index approaches 2009 low

ñ India’s currency, the rupee, is under attack

ñ Slovenia needs a bailout

ñ Cyprus needs a bailout

ñ Egypt in the throes of civil war, again

ñ Fed overtly monetizing debt 30-year treasuries, according to zerohedge.com

Read more: http://www.beaconequity.com/this-thing-is-coming-down-says-g...

"Beyond the blackened skyline, beyond the smoky rain, dreams never turned to ashes up until.........
...Everything CHANGED !!