On the heels of the Fed cutting interest rates by 1/4 point, the top trends forecaster in the world, Gerald Celente, said the monetary insanity cannot be sustained as gold remains above $1,400, near breakout that will send the price of gold above $2,000.
KINGSTON, NY, 31 JULY 2019—With virtually each passing day, the building blocks for the onset of the “Greatest Depression” that Gerald Celente forecasts are being cemented.
Across the globe, central banks are pushing interest rates lower and governments are going deeper in debt as they shovel in more artificial stimulus to pump up equity markets and stave off the pending economic meltdown.
And today, the Federal Reserve is expected to reduce its benchmark interest rate by one quarter percentage point… its first interest rate cut since the Panic of ’08.
As the Trends Journal has detailed, it was on 4 January 2019, when Fed Chief Jerome Powell announced that instead of three or four interest rate hikes as signaled for 2019, the Fed would be "patient" in raising them… that a new trajectory aimed at staving off a global economic meltdown had been formed.
In this week's episode, Gerald begins speaking about the lack of democracy in the UK and other countries around the world. He also covers the US foreign policy obsession with Iran and other useless foreign entanglements. Gerald says, "game over, fight's on, I am fighting for peace."
Gold is just about to enter into a new bull rally cycle, said Gerald Celente, Publisher of The Trends Journal. “The next breakout point had to be $1,450. I believe when it breaks beyond that, it’s going to spike for the $2,000 mark,” Celente told Kitco News. Celente attributes loose monetary policies around the world for this new rally.
Gerald Celente, TrendsResearch.com, looks at the Greater Depression on the way. And, Elizabeth Warren warns on the economy — does she have a solution?
Gerald Celente, TrendsResearch.com, on Iran (which side took the first tanker), war, peace & Tulsi Gabbard takes on the Federal Reserve & the military industrial complex
KINGSTON, NY, 25 JULY 2019—As our subscribers well know from the Trends Journal, our Trend Alerts and Trends in the News broadcasts, global forecaster Gerald Celente was the first one to call the "Trump Rally" two weeks after his election in November 2016.
Some two years later, the day before the S&P hit an all-time high, on 19 September 2018, Celente reversed that forecast, warning an" Economic 9/11."
As forecast, markets across the globe suddenly sunk into correction and bear territory, with the Dow having its worst December since the Great Depression.
Then, in a dramatic about-face, on 4 January 2019, Federal Reserve Chairman Jerome Powell announced that instead of three or four interest rate hikes as signaled for 2019, the Fed would be "patient" in raising them.
The promise to not hike rates and the likelihood of cutting them to inject more monetary methadone into the cheap-money-addicted financial system, pushed equities up across the globe and propelled US stock indexes to new highs.