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Gerald Celente: Total Economic Collapse in Q1 2014

Gerald Celente breaks down CHASE Bank double speak and forecasts total economic meltdown in 2014.

http://youtu.be/FNWbt5snq2c



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Yawn

This is like what, the 20th time he has made this prediction?

Peter Schiff on

Peter Schiff on LondonReal
http://www.youtube.com/watch?v=XSj4tpu0kYU

Paul Craig Roberts

David Stockman

100 years of FED bubbles and busts. Busts have tells.

Free includes debt-free!

Corporate takeover? Resistance is futile?

Our taxes pay interest on the national debt and some safety net programs.

Government has been financed by Federal Reserve members for 100 years.

When the creditors call Congress they are told what to do to get more financing.

Democracy has been a benign exercise for a century...

There are 432 House members who have been corporate lackeys since first elected.

Do the occupy protesters want to reward the corporate lickspittles?

Do the liberty enablers want to reward slavery enforcers?

Free includes debt-free!

Celente's website

He has this website. Tell me what you think.

http://www.directdemocracynow.org/

jesus christ i hear GC say

jesus christ i hear GC say economc collapse more than i hear my name

Well, if GC is off on the timing

and S hasn't HTF yet by the second quarter of 2014, then
I'd be more inclined to be thankful than critical.

Thankful for a bit more time to try to prepare for it.

Personally, I'm convinced it *is* coming - and sooner
than later.

We were predicting the

We were predicting the housing bubble bust since 2003. January 2006 it happened, but nobody believed till March 2008 when Lehman went bankrupt.

It'll happen like that this time around too, except people will believe faster because we told you so a couple times before and were proven right.

He actually did not "predict" anything.

If one listens carefully to what he is saying he is quite clear that he doesn't know when the bond bubble will burst, which is the event that will precipitate the collapse. Gary Franchi asked him at one point WHEN he thought that the interest rates would run up, the converse of the bond bubble bursting, and Gerald Celente said it is impossible to fix an exact date but his best GUESSTIMATE was the second quarter of 2014.

So, my takeaway from this interview is that Gerald Celente believes that a spike in US Treasury bond interest rates is the event that will trigger the collapse. (This will happen when the demand for Treasuries dries up, possibly an engineered event.) He believes that this event is known by the big banks who are presently getting ready for it by, inter alia, tightening their rules on money transfers and withdrawals. (In other words when they say they are making their systems more efficient and that they are de-risking their operations that is exactly what they ARE doing to protect themselves. That was a question GC did not answer).

My own belief is that a credit drought worldwide will precipitate the collapse and that fits with GC's perspective since a spike in US Treasury bond interest rates will indeed bring on a global credit drought since the value of all reserves denominated in US dollars, the world reserve currency, will virtually evaporate. It is this event that I believe the BRICS countries are preparing for and when they will introduce their Gold Trade Note to re-liquefy world trade.

The big banks who run the Fed and most other central banks may choose to precipitate the interest rate spike themselves in order to cause an economic disaster and so maintain their control by driving the world towards war (expect the Chinese and the Russians to be portrayed as the villains of the piece). This is, I believe, the struggle that is going on at the highest levels in the financial world. The only question is will the East win or the West?

BTW Gerald Celente is still, understandably, very angry that JPM stole his segregated $100,000 from his MF Global account.

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

If demand for treasury bonds

If demand for treasury bonds went down, then demand for the dollar would go up. How can you have inflation in that scenario?

I mean, that is what a treasury purchase is: the exchange of a non-interest bearing US dollar for an interest-bearing asset.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Unless that decrease in demand came from foreigners

, then you would have treasuries being sold in dollars, foreigners not needing dollars to transact business in their homeland wanting their home currency for dollars….demand for dollars drops and inflation ensues.

Total ROW Official (central bank) Treasury holdings jumped $1.153 TN, or 40%, between the end of 2008 to 2012 (to $4.032 TN). That equate to about 25% of outstanding Treasury Debt.

And who’s going to buy that Treasury Debt……the Fed is buying 40 Billion a month now, and about 60% of the new issue to cover deficits. Any way you go…..any fall off of demand will be bad. And it’s already happening.

Rest of World (ROW) holdings of U.S. assets jumped $419bn during Q3 to a record $21.996 TN, with over half of the increase explained by the increase in Equities holdings. Total ROW holdings were up $1.502 TN, or 7.3%, year-over-year. Total ROW Official (central bank) Treasury holdings jumped $1.153 TN, or 40%, between the end of 2008 to 2012 (to $4.032 TN). It is worth noting that ROW Official Treasury holdings declined $7.5bn during 2013’s first three quarters. Over the past year, Official holdings of Agency Securities declined $65bn, or 11.8%, to a multi-year low $484bn. Total ROW holdings of Agency Securities declined $145bn, or 14.1%, to a multi-year low $883bn.

It’s really sad no one on the DP follows Doug Noland….He is by far the best.

At least he calls it a trends journal

and not a prediction journal

LOL

http://shelfsufficient.com - My site on getting my little family prepped for whatever might come our way.

http://growing-elite-marijuana.com - My site on growing marijuana

sure it will

my take--- Celente is a mini alex jones----always calling doom.

Yes, we're screwed,,,, but no one can predict it,,,, and it could take years,,,, and I believe japan will blow before we do. There situation and demographics seem to require it.

Besides, markets are alive and irrational so no one can really predict it.
I swear he's done the same interview for 7 years now.

Does anyone else still believe or take Celente serious????

BOY THAT CRIED WOLF

I disagree...markets are very

I disagree...markets are very much rational....but these days they are so distorted as to seem irrational(ok, nitpick done)

Word.

it's gonna happen.

severity/duration yet to be determined.

He doesn't

make you wonder where he stands. The PTB can bring down this house of cards whenever they'd like. Does make the timing difficult to predict.

Meanwhile the BRICAS slowly close in, brick by brick.

you say it enough eventually

you say it enough eventually you might get it right. repeat and try again. It will rain someday. hey i predicted it. It rained!

Ron Paul 2016

ConstitutionHugger's picture

agreed, I remember being freaked out last year

when he said after everyone spent all their money Christmas shopping they would freeze the banks and it would crash. Nothing happened. Clearly there is evil running the government, but the cracks in the wall of reality are occurring everyday. It's anybody's guess what will happen. I think it will be world peace. Why not.

The 'world peace' of which you speak...

If you are Bible reader, or follower, it speaks of 1,000 years of world peace. We are fast approaching that now.

'Gun-toting' Texas [along with some other states] is being used as the example, where rights are violated and people do absolutely nothing.

The left [as far as numbers are concerned] dominate this dying Republic. Soon, America will be biometrically ID'd, the last of our natural-born rights stripped, and as seen during that hillary speech, where anybody who speaks out will be immediately removed. Only in the near future it will not be to the 'outside' of the building.

Once America has finally been put into their proper place, peace, not freedom, will dominate the globe. That is the 1,000 years of 'world peace' of which you speak.

I am sorry to be the bearer of bad news.

"What if the American people learn the truth" - Ron Paul

ConstitutionHugger's picture

Are you saying that peace

equals Americans in total bondage? Do you think the ptb will stop wars if they had us under their thumbs?
Man can misinterpret God's word. The bondage you speak of may already be a completed cycle.

ConstitutionHugger

You obviously do not read many of my posts. I was hoping to put a little [a lot more] fight into the hearts and minds of those who read my post.

In Liberty.

"What if the American people learn the truth" - Ron Paul

Another site you may be interested in

Warning from UCSB Faculty Website

I see these figures from the 1980s as a warning about the US dollar NOW. The numbers come directly from the faculty website of the University of California at Santa Barbara website.

Read more: http://www.garyascott.com/2013/10/26/33395.html#ixzz2iqDpOUsn
For your personal copy of my newsletter please visit www.garyascott.com
Under Creative Commons License: Attribution

yes, he's sensational--

but they are criminals--

it's hard to be awake; it's easier to dream--

I suppose if he just predicts the same thing every quarter

Eventually Celente will have accurately predicted the total collapse. What he should do is come up with a new one-liner every quarter to spice up the same old prediction. He's been using that "when people have nothing left to lose. . ." line for years. (I didn't watch the video, just taking a guess he said it)
I find it interesting that "Trends Research" doesn't really research trends but just makes the same predictions over and over and over.

I have noticed his sensationalism too.

Ron Paul and Peter Schiff talk about the same event, but always qualify it with the statement that knowbody knows the time of the event. It could be tomorrow or five years from now. It could be a huge instantaneous crash or a long drawn out gradual decline lasting decades.