Gerald Celente predicts that the $220 trillion global debt bubble caused by years of Quantitative Easing is coming home to roost in 2016. The immense bank fraud which has been falsely propping up the equity markets is going to crash all major currencies.
The numbers are unprecedented. He sees not just an economic calamity but a geopolitical crisis that looks like a replay of the same cycle seen after 1929: A Great Depression followed by currency crisis and war. The US, UK, Israel, Russia France – and now, Germany are flying over Syria – creating a World War with modern weapons of mass destruction, that could totally be avoided. It’s all about hiding the dreadful economy within the fog of war.
Commodities are the canary on the coalmine. Resource-rich nations’ markets are crashing. Oil tankers languish outside of Galveston, Texas, due to lack of demand.
On the other hand, US demand for physical gold is up 207% from last year, global demand rose nearly 10% – and it’s not just people buying it, but Central Banks, with a record high levels – with prices being manipulated by large market shorts. Six banks have been convicted for rigging the markets.
Celente predicts that ether a real or faked terrorist attack will be used as an excuse to rob people out of their money.
(As for me, I have vacated my bank account….)