Gerald Celente: War, Bank Runs, Riots & Gold Going Mainstream

With news from the Fed causing tremendous upside action in gold this week, and reports coming in from Los Angeles describing a massive military exercise in the streets of Los Angeles, today King World News interviewed Gerald Celente, Founder of Trends Research and the man many consider to be the top trends forecaster in the world. Celente had this to say about the Fed announcement and subsequent press conference:

“You can see what’s happened to gold prices and how they’ve spiked up. There’s no way out and it’s not only the Federal Reserve, it’s also the European Monetary Union. Look at the games they are playing. We just saw, at the end of 2011, the ECB giving away some $600 billion in loans to banks at virtually no interest rate so they could buy up the bonds of Italy, Spain, Portugal, Greece and Ireland. Nobody wants to touch these bonds.”

Gerald Celente continues:

“Look at what’s going on all over the world, there’s no way out of this. What they are doing by keeping interest rates low, through 2014, my God, this should be headline news, the raping of the American public. So this is a collapse in the making, right in front of everyone and gold prices and silver prices don’t lie, they’re reflecting it.”

Read full article on King World News

 

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