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Gerald Celente – If the U.S. Election Will Not Affect Economy, What Will? (Video)
Gerald Celente is one of world’s most renowned trend forecasters, and in his latest video released yesterday, Celente forecasts the complete opposite of what the rest of the fools in the mainstream reality show that dress up and call themselves “news” have forecasted. To begin, the “Big Event” on Monday night between Clinton vs. Trump really didn’t have any earth shattering effects on global markets, which many would argue was because the economic markets have already priced in a Hillary victory, and by most accounts she had the better the night.
Even if Hillary had performed horribly, Celente explains that it probably wouldn’t have had an enormous impact on the markets anyway. Why? Because as Celente puts it, people are far more interested in their reality-show version of reality, where the daily contestants hurl prepared one-liners at each other, and spin a never ending web of lies filled with promises of “free stuff,” than they are in any meaningful dialog based on actual economic and/or geopolitical conditions, at least people here in the U.S. that is.
Americans don’t seem remotely aware, or even interested, that the global economy is attempting to run a Corvette engine at full speed with about one single solitary drop of oil left in it, and as such, the engine is about to violently seize up, and stop functioning all together in the very near future.
Right now, any number of various global conditions are ripe for triggering a collapse in global economic markets, however with increasing frequency lately, there have been plenty of signs to suggest the catalyst that begins the plunge could come from Europe.
Celente discusses something I covered in depth in a previous post, about how Deutsche Bank’s shares plunged to their 1980’s lows on Monday, and in addition, the World Trade Organization sharply reduced its 2016 forecast for global trade volume down to the slowest increase since “Great Recession of 2008.” It has been suggested by some, that not IF, but WHEN Deutsche Bank Fails, then Barclays, Citigroup, and a long line of other banks will follow like dominos.
Despite the global economic markets teetering on the edge of the abyss, Americans go about their daily lives, acting as if everything is fine, because the government and the media are either too dishonest, or too incompetent to tell them the truth. Little do many of them know, they are whistling right past the graveyard each day. Economic Judgment Day is coming, and won’t be long now. At this very moment, the Grim Reaper is making sure the scythe he’ll be wielding is plenty sharp for the occasion.
With that in mind, regardless of what either candidate for the U.S. presidency is telling people on the campaign stump, one reality-show that no Americans seem willing to tune into, is the one that shows proof that the U.S.S. Global Economic Collapse has already set sail. While Americans waste time staring at various Twitter feeds looking for the day’s wittiest insult, they could be stocking their shelves, and preparing for the Reaper’s arrival…
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From Asia to Europe to America, equity markets around the world on Monday swayed in anticipation of who would win The Presidential Reality Show® “debate” between Hillary Clinton and Donald Trump.
Across the business-media spectrum, market experts claimed that a positive financial future hinged upon a Clinton victory and were parroted as economic gospel:
US stocks close sharply lower as all eyes turn to debate; financials lag.
“U.S. equities closed sharply lower on Monday, with financials and health care lagging, as market watchers kept a close eye on a key OPEC meeting and looked ahead to a U.S. presidential debate.”
“The market has basically priced in a Hillary Clinton victory,” said Randy Warren, chief investment officer at Warren Financial Service. “If it’s a big victory for Hillary, then no one will watch the next two debates and the market is going to go back to business. If it’s a big victory for Trump, then no one will watch the next two debates and everyone is going to be freaking out.”
“…Investors are waiting to see what happens at the presidential debate,” said Peter Cardillo, chief market economist at First Standard Financial. (CNBC, 26 September 2016)
On Tuesday, when the Dow regained most of what it lost on Monday, CNBC contributors attributed it to Clinton beating Trump. “It looks like Hillary Clinton earned the market’s vote,” said James Abate, chief investment officer at Centre Fund, adding she “is going to be good for the status quo.”
The Real World
In trend forecasting, we observe three worlds: the political world, media world and real world. In the real world – comprising some 95 percent of the planet’s population – the US Presidential Reality Show® spectacle of two contestants slinging insults, spouting prepared one-liners and providing no in-depth solutions to complex problems, the elections will mean little or next to nothing to their economies.
While the US media remain reality-show addicted, a European banking crisis brews. For example, yesterday, Deutsche Bank shares plunged to 1980s lows while Commerzbank announced it will cut 9,000 jobs and scrap its 2016 dividend. Also yesterday, the World Trade Organization sharply reduced its 2016 forecast for global trade volume from 2.8 percent to 1.7 percent… the slowest increase since The Panic of ’08.
Further dampening the global economic outlook, The International Monetary Fund yesterday warned that advanced nations risked falling into a deflation trap triggered by “broad-based phenomenon” fed by slumping commodity prices and weak global demand (i.e., too much product, not enough buyers).
On Monday, European Central Bank President Mario Draghi admitted that ECB action was “not enough for delivering real and sustainable growth in the long term,” and pushed governments to inject fiscal stimulus to boost the Eurozone’s Gross Domestic Product, which is slogging along at 0.4 percent for the first half of the year.
Trend Forecast: We maintain our forecast that in this economic climate of high market risk and increasing geopolitical volatility, when gold prices stabilize above $1,400 per ounce they will spike toward $2,000.
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:
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