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Gerald Celente: Global Economic Collapse Panicking Has Started (Video)
The combination of the article below by Michael Snyder of the Economic Collapse Blog along with the video of Gerald Celente, publisher of The Trends Journal, do an excellent job explaining the phenomena we are currently witnessing in U.S. the financial markets. The question on everyone’s mind seems to be, “If the U.S. economy is really about to implode as some say, then why are the markets registering all time highs this week?”
In the interview below, the first thing Greg Hunter asks Gerald Celente is if Gerald has an opinion of any kind about Hillary Clinton’s email server and the FBI’s decision not to prosecute. Gerald responds by explaining how the United States ceased being the constitutional republic we were founded as quite some time ago, and he explains that the country is now more of a “neofeudalistic” society, sometimes referred to as “new feudalism.”
In essence, “neofeudalism” is reminiscent of the types of practices that would have been present in feudal societies centuries ago, such as unequal rights and unequal legal protections for common people and for nobility (like Clinton). Celente wastes no time destroying the myth that Barack Obama, who Celente refers to as the con man in chief, is somehow a champion for low or middle class families. NONSENSE! Under Obama’s presidency, Celente explains that:
95% of all wealth has gone to the top 1%,
The world’s 62 people richest people own more than the world combined
In the U.S., the 400 wealthiest people are worth $3.5 TRILLION
The wage gaps are the worst they’in ever been in history.
Both Michael Snyder and Gerald Celente do an excellent job explaining that the growth that we’ve been witnessing in the stock market is 100% artificial, and not based on any substantive economic growth. It’s important to note that the same corrupt government officials that lined their pockets with campaign contributions from big insurers, then turned around and wrote laws demanding that the citizens purchase insurance from said insurers. That’s Fascism by definition, and if you recall, that was passed with 100% Democrats, and not a single Republican.
Both men also explain how for too long, money has been available at almost zero interest, and because of the Fed’s loose monetary policy, now the Fed couldn’t prevent a crash no matter how bad they might want to. The supply of money far exceeds the demand for those who qualify to borrow it (because no one is working in Obama’s 7th “Summer of Recovery”).
For anyone still questioning if a crash of biblical proportions is coming or not, if the fact that you can’t have an “actual recovery” with 100 MILLION people not working never crossed your mind, then it’s worth noting that Zero Hedge says that investors have been taking money out of equity funds for 17 weeks in a row now.
Said another way, the money that has been inflating the market is the result of “central bank intervention.” The artificially-induced rally that we’ve all seen can be compared to a “last gasp” of a dying patient, and we the people are the patient, not the central banks. One thing is certain, you can be sure that central banks will pull all their money out just in time to enjoy THEIR profits, leaving everyone on Main Street stuck holding the bag when the market implodes. Enjoy the interview with Gerald below:
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The Dow and the S&P 500 both closed at all-time record highs on Tuesday, and that is very good news. You might think that is an odd statement coming from the publisher of The Economic Collapse Blog, but the truth is that I am not at all eager to see the financial system crash and burn. We all saw what took place when it happened in 2008 – millions of people lost their jobs, millions of people lost their homes, and economic suffering was off the charts. So no, I don’t want to see that happen again any time soon. All of our lives will be a lot more comfortable if the financial markets are stable and stocks continue to go up. If the Dow and the S&P 500 can keep on soaring, that will suit me just fine. Unfortunately, I don’t think that is going to be what happens.
Of course I never imagined we would be talking about new record highs for the stock market in mid-July 2016. We have seen some crazy ups and downs for the financial markets over the last 12 months, and the downs were pretty severe. Last August, we witnessed the greatest financial shaking since the historic financial crisis of 2008, and that was followed by an even worse shaking in January and February. Then in June everyone was concerned that the surprising result of the Brexit vote would cause global markets to tank, and that did happen briefly, but since then we have seen an unprecedented rally.
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
So what is causing this sudden surge?
We’ll get to that in a moment, but first let’s review some of the numbers from Tuesday. The following comes from USA Today…
All three major indexes gained 0.7% apiece, as the Dow jumped 121 points to a new all-time closing high and the S&P 500 built upon its record close notched Monday. The blue chips now stand at 18,347.67, about 35 points above the previous record set May 19, 2015.
The new mark for the S&P 500 is 2,152.14, a 15-point improvement on its Monday close.
Overall, we have seen stocks shoot up more than eight percent over the last two weeks. Normally, a rise of 10 percent for an entire year is considered to be quite healthy…
Interior Minister Theresa May is set to become the U.K.’s prime minister on Wednesday. Stock markets across the globe have risen sharply, after a steep sell-off, following the United Kingdom’s decision to leave the European Union.
“In the past two weeks, post Brexit, the S&P 500 has vaulted over 8 percent,” said Adam Sarhan, CEO at Sarhan Capital. “Typically, a 10 percent move for the entire year is considered normal.”
What makes all of this even stranger is the fact that investors have been pulling money out of stocks as if it was 2008 all over again. In fact, Zero Hedge tells us that on balance investors have been taking money out of equity funds for 17 weeks in a row.
So why are stocks still going up?
If your guess is “central bank intervention”, you are right on the nose.
Across the Pacific, the Bank of Japan has been voraciously gobbling up assets, and the architect of “Abenomics” just won a major electoral victory which has fueled a huge market rally over there…
Meanwhile, in Japan, Prime Minister Shinzo Abe ordered new stimulus after his coalition won an election in Japan’s upper chamber by a landslide. Japan’s Nikkei 225 rose nearly 2.5 percent overnight, while the yen erased all of its post-Brexit gains against the dollar.
“In the short term, I think it’s going to help, but in the long term, we’ll see,” said JJ Kinahan, chief strategist at TD Ameritrade. “I feel like a lot of people are getting themselves into situations that they can’t get out of.”
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
In Europe, the ECB has feverishly been pumping money into the financial system, and the result of the Brexit vote seems to have lit a renewed fire under the central bankers in Europe. Collectively, intervention by the Japanese and the Europeans has created “a surge in net global central bank asset purchases to their highest since 2013″…
Fast forward six months when Matt King reports that “many clients have been asking for an update of our usual central bank liquidity metrics.”
What the update reveals is “a surge in net global central bank asset purchases to their highest since 2013.”
And just like that the mystery of who has been buying stocks as everyone else has been selling has been revealed.
So now you know the rest of the story.
The economic fundamentals have not changed. China is still slowing down. Japan is still mired in a multi-year economic crisis. Much of Europe is still dealing with a full-blown banking crisis. Much of South America is still experiencing a full-blown depression.
Here in the United States, just about every indicator that you can think of says that the economy is slowing down. If you doubt this, please see my previous article entitled “15 Facts About The Imploding U.S. Economy That The Mainstream Media Doesn’t Want You To See“.
The artificially-induced rally that we are witnessing right now can be compared to a “last gasp” of a dying patient.
But my hope is that this “last gasp” can last for as long as possible. Because as much as I warn people about it, I am not actually eager to see what comes next.
The economic and financial suffering that are coming are inevitable, but they are not going to be pleasant for any of us. So let us all hope that we still have a little bit more time before the party is over and it is time to turn out the lights.
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)
Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)
What Exactly Does Global Economic Collapse Coming May 2016 Mean?
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: New World Order Elites in Absolute Terror of Gold Standard (Audio)
Dr. Jim Willie: Deutsche Bank Valued at -$1 Trillion; Economic Chaos Ahead
Dr. Jim Willie: The Corruption Cannot Stop the Masses! 3 Part Interview (Videos)
Dr. Jim Willie: Brexit Result Could Detonate Deutsche Bank!
Dr. Jim Willie: We’ve Got “Educated People” That Are Stupid As Bedposts
Dr. Jim Willie: Death Sentence for Banks, Businesses, Families, and the US Dollar
Dr. Jim Willie: There Are No Prisoners Taken in The Global Money War
Dr. Jim Willie: 7 Signs U.S. Economy Collapses; Gold Will Soon Back US Dollar!
Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar
Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
Peter Schiff and Jim Rogers on the U.S. Economy: Be Afraid… Be Very Afraid (Videos)
Peter Schiff: Are People Going to Wake Up? The Economy Is Out of Road! (Video)
Peter Schiff: “Trump’s Very Massive Recession May Have Already Begun”
Peter Schiff: Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’
Peter Schiff: “Can Donald Trump Really Make America Great Again?”
Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History
Peter Schiff: Obama “Peddling Fiction” As Unemployed Tops 100 Million People
Peter Schiff: Here Comes the Great, Great, Great, Great Recession!
Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”
CNBC Actually Admits Peter Schiff Was Right… Again (Video)
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
Peter Schiff: Warning! Economic Storm Clouds Ready to Rain
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
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So what are you selling this week Gerald?
The Internet has gone full Viral Ballistic.
Yes The stage is set for war.
China Has Mobilized, and staging for war, as the International court ruled against any claims china had in the China Sea. Plus the Mass Population of China are wanting War, and backing the Military 100%.
China has Issued a NO GO Zone in the south China Sea Closed down all shipping lanes within as they mass Navel War ships.
They are also adding more Missiles to the Islands, and Now have deployed Combat Patrols, to include Submarines, and Nuclear Bombers in the area on combat patrol.
Many Military Hawkish “Think Tanks” have used war simulated computer models, to aid in the best strategy to use overwhelming force.
China has stated they will defend the Islands, as the court ruled that China Does Not have any claim within the S. China Sea.
This is heating up.
China knows that the S. China sea is full of Rich resources. China Also Knows that if it does not stand, and fight to steal the Islands that China will ultimately be a failed ruined state.
Yes China is running out of resources, and out to steal/claim anything.
Also NATO has Russia circled This may prevent Russia from Retaliating when the War breaks out in the South China Sea.
Hopefully China will not launch any Missiles, if they attempt to launch from their mainland, it will be squelched with over whelming force.
The Stage is set, and now there are many Combat 5 minute life Expectancy Zones many around the Russian Border.
There is no way of knowing what will happen. But there is a hair trigger attached to the buttons.
The Internet is Hot, and Viral on the topic, and the Scientific Internet research groups say they have some type of web-bot that prediction websoft spider type crawler that points to war breaking out any moment now.
In the Event of Major Wars, Conflicts
Yes the economy will be bad very bad, in a panic people will clean out the grocery stores within 24 hours. It will be a scene of rioting,looting, and heavy beat downs for a loaf of bread.
If your one of the type that look down on people that store back some food, it is your choice, although the Government already informed everyone last summer to be prepared, using back to back scenario type ads played on major news outlets across the country, radio too.
Did you take the messages serious?
Have you even took the time to get to know small farm farmers, and pass along some gold coins to them to insure you get on the list, and allow the farmer to get the needed resources to provide. Probably not, as many are to busy on social websites to be bothered by such silly stuff, who needs to worry about food, when there is a fast food place on every block, Ehhhhhh Right!!!!
It is most likely to late to tell people to be/get prepared.
General cleaning of Earth by the Creators is imminent.
The US East and CA State sink into the sea as well as British islands and Japanese islands.
http://tatsmaki.blogspot.jp
Testing, im sure this goes on hold also………….nobody likes comenting when you have to wait for aprovals this is 2016 not AOL 1999
It is all top down Artificial system the little people have no say anyhow, but we could kill them!
We knew this was coming… https://raptureandendtimes.com/2016/07/01/will-god-bless-america/
http://news.ceawe.com/2016/07/fear-mongering-about-collapse-and-ww3-undermining-solutions
Lots of people are counter-productive to how biodegradable energy can be cheap and abundant. https://www.youtube.com/watch?v=vSW2DFNi9CI
Corruption might not want solutions to get support so help share the truth. This information is being kept out of discussion for the elections! America could be energy independent with biodegradable energy yet not many care! https://www.youtube.com/watch?v=9H710EMemXE
Wow Finally an article without the sycopix pig giving her -2 cents worth.