Celente predicts gold standard won’t save US economy
Sometimes controversial trends analyzer Gerald Celente is forecasting that a return to the gold standard will not be enough to save the US economy from collapsing.
Celente is the publisher of Trends Journal and a consultant and adviser to many of America’s top corporations. Celente has no ax to grind and calls himself a political atheist. An author, Celente appears regularly on many of the mainstream media’s most watched news programs. He is prolific with his predictions on emerging trends concerning global finances and major historic turning points.
Recently he was asked his opinion on the idea of the US returning to the gold standard.
Although a solid core of gold bugs have advocated the US return to the gold standard for decades, many economists thought the idea radical and unworkable in the changing world economy. Now, however, more people and states are seriously considering the idea to stabilize the dollar and forestall a future currency crisis such as that experienced by the German Republic during the 1920s.
Recently, the state of Utah passed a law authorizing the minting of state gold and silver currency as a hedge against inflation and the weakening dollar.
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Celente says riots from Iran to Spain are the beginning of another world war, precipitated by food prices, unemployment and inequality. Last year he claimed that 2011 would bring "Off With Their Heads 2.0" and the prediction is going well so far.
We transcribed just part of one answer from his breathless interview with Eric King:
What's constant in all of these uprisings are the few factors that are undeniable. Food prices at all time highs. Unemployment at record highs. You have 18 to 28 year olds holding university degrees in worthlessness that can't get jobs. Go look what happened in Egypt. Average wage ten dollars a day, and that's if you're doing well. And you know the deal. You're smart. This is different from the old feudal age. In the neo-feudal age the people know the score.
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What hasn't been in the news is what has happened in Spain, and that's the big news. Young people have wised up. They know the score. Those are the people that are ahead of all of these revolutions. They know that voting for either of the major parties in Spain means more of the same. It's like voting for the Gambino crime family or the Bananno crime family. And they want a third way. And they're picking up where the Egyptians left off. They're going out into the streets and they're not leaving the streets, because again, when you lose everything and have nothing left to lose, you lose it. These are young people, as I said, with university degrees in worthlessness, they're internet connected, it's journalism 2.0, they're getting everyone out to join them, because they know now that if they don't fight against the machine, the machine is going to grind them up. These revolutions are going to spread over the summer throughout Europe. By the winter it's going to go global.
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