Today the top trends forecaster in
the world spoke with King World News about why the shocking Swiss move
is only the beginning of a much larger global meltdown that will lead to
the panic he predicted will happen 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, you warned KWN on January 2nd that “2015 will be the year that will trigger panic on Wall Street and around the world.” We are already beginning to see the early stages of that panic — your thoughts.”
Celente: “The
tremendous volatility in world markets is directly related to the
fundamentals and the fundamentals of the global economy are not good,
not only in the United States but worldwide….
“Here
in the United States we kept hearing that low oil prices were going to
put money into people’s pockets. That meant the consumer was going to
put more money into retailer's cash registers. But the Retail Sales
numbers were just released and they actually declined. Even November’s
retail sales were revised dramatically lower.
It’s A Global Depression
Now
let’s put this into perspective: Most people know that the global
economy is in a slowdown. The reason prices are going down is because
people don’t have money to buy things. That’s why retail sales are down
not only in the United States but around the world. They are calling
this ‘deflation.’ But do any of these puppets have the courage to call
it what it really is? It’s a depression. These are depressionary
conditions but no one in the mainstream media wants to call it that.
We
have seen a collapse in oil prices because demand is way down. We are
also seeing a collapse in commodity prices across the board. Copper
prices just hit 5-year lows. Why? Well, 40 percent of the copper
supply is absorbed by China, and China doesn’t have that 7.5 percent
growth anymore — it’s more like 3.5 percent.
Price Wars Across The Globe
So
as China slows down and countries in the West are buying less,
resource-rich countries aren’t exporting as many commodities or
products. This goes back to one of our top trends for 2015 — Price
Wars. You are now seeing Price Wars across the globe.
It’s
finally beginning to dawn on people that there has been no recovery —
it has all been a coverup. The quantitative easing money has flooded
the globe and created completely phony markets. The tens of trillions
of dollars that were injected into global markets did nothing of any
substance to improve the general economy.
We
are now seeing swings of 400 points in the Dow. We’re seeing oil
plummet and global stock markets beginning to decline because there are
no fundamentals to support this. So the markets are running scared.
And look at all the chaos that has erupted after the announcement today
that the Swiss are abandoning the peg to the euro. This move by
Switzerland is only the beginning of a much larger meltdown, Eric.
Wall Street Journal And Celente's 1987 Stock Market Crash Prediction
I
began getting recognition as a trend forecaster in 1987. The Wall
Street Journal covered my forecast. I said, ‘1987 would be the year it
all collapses.’ I said, ‘There will be a stock market crash.’ One of
the fundamentals I was looking at were the crashing oil prices in 1986.
Well,
we see crashing oil prices today and the banks are much more
concentrated and levered up in the oil patch than they were in 1987.
From Goldman Sachs to Morgan Stanley banks have been involved in major
debt financing, derivatives and energy transactions. But much of this
debt has not been sold to investors and now we are going to start seeing
some big defaults.
Global Collapse
So
the worst is yet to come and there is no way out. And I would suggest
to people as they look around the world at the geopolitical problems
that are going on and how so many countries are becoming police states
— under the guise of terrorism — that they ask themselves: Are these
countries really afraid of terrorism or are they afraid of their own
populations that are losing everything and will take to the streets?
Because that’s what we see coming. We see a global collapse. There’s
no recovery — it’s been a coverup.” ***ALSO RELEASED: Man Who Predicted Collapse Of Euro Against Swiss Franc Gives More Shocking Predictions For 2015 CLICK HERE. To subscribe to Gerald Celente's Trends Journal CLICK HERE.
