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Global Economy on Unquestionable Decline Leading to War – Gerald Celente

Friday, November 21, 2014 23:38

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(Before It's News)

TND Videocast Spotlight: Greg Hunter’s USAWatchdog.com |

Top trends researcher Gerald Celente is forecasting a slowing global economy in 2015, and oil is a leading indicator. Celente explains, “It’s all in oil. We’ve been talking about oil prices since they peaked in June of this year. Now, you are seeing a 30% decline in Brent crude and West Texas (crude oil). This is big and it’s not a manipulated market. This is real. Yes, supply is up, but demand is down, and demand is down big time. You don’t have to look at that as an assumption, you can look at that as a fact. Here’s the fact. The fact is China is one of the biggest consumers of energy and commodities in the world. You are seeing investment in China coming down to 2000 levels. You are seeing production falling back to great recession levels in 2008 and 2009. . . . This is a global slowdown. It’s in front of everybody’s eyes, and oil is telling the story.”

So, what’s in store for 2015? Let’s start with the global economy. Celente says, “The economy is on a decline and it’s unquestionable. They are boosting the equity markets with record low interest rates. It’s a Ponzi scheme, and at some point, it has to explode.” Celente goes on to preview a taste of the 2015 Trends Journal. Celente says, “One of the trends for 2015 is‘bankism,’ not capitalism. Capitalism is dead. This isn’t capitalism. Four words killed it, and they are ‘too big to fail.’ Quantitative easing hasn’t stopped. They keep doing it, they just change the game.”

So, which do we get first: a global economic crash or a global world war? Celente says, “I would say first would come the economic calamity, but you don’t know what will cause it. For example, when 9/11 happened, they closed down Wall Street. If there is a terrorist strike, either false flag or real, they will blame the economic conditions on these terrorists. . . . They will use it as an excuse. So, you don’t know whether it’s heads or tails, but the coin will be flipped.”

On the Middle East U.S. policy, Celente says, “It’s madness. Look what they did with Libya. We had to get rid of that Gadhafi. Remember that one? Great job, guys. Terrific. You turned the whole place into chaos, and you created the conditions for more destabilization around the area. People like ISIS and these other people got the guns now and the weapons. . . . There’s one failure after another.”

Click here to read the rest of Greg Hunter’s write-up and to access the active comment section.

After the Interview:

Gerald Celente will release a complete list of top trends for 2015 next month. If you would like to subscribe to the Trends Journal, please click here.

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About Greg Hunter:

Mr. Hunter is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. Greg Hunter’s USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. Greg encurages feedback and welcomes comments. You may also support USAWatchdog.com by clicking here to donate. Reprinted with permission.