Celente Predicts Gold Standard Won't Save US Economy
by Terrence Aym
- Created on: May 26, 2011
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.
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.
People such as Steve Forbes have jumped on the gold bandwagon. Mr. Forbes said, “A return to the gold standard by the United States within the next five years now seems likely, since that move would help the nation solve a variety of economic, fiscal and monetary ills.”
But Celente disagrees that returning to the gold standard will save the US economy. When asked if gold is a panacea for America’s financial woes, Celente responded: “No, because the business of America is war…as opposed to the business of China is business. The United States has drained the Treasury before our eyes.”
So what would a return to the gold standard accomplish? Can it save the US? Celente believes that “It will give other nations a more stable world reserve currency to deal with, because they don’t want to get stuck with a lot of worthless paper.”
And that’s about it. Gold won’t erase the debt, nor change the policies of the federal government. The Federal Reserve private banking system will find new ways to implement monetary policy and do an end run around the gold obstacle, so in the long run, he thinks, the pattern will remain basically unchanged and the trajectory is towards further economic deterioration.
Bleak prospects from one of America’s most insightful trends guru.
Sources
Gerald Celente: ‘Gold standard won’t save US‘
Gerald Celente: ‘Internet nuke bomb waiting to go off‘
Trends Research
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Celente is right there is nothing that can save america and most have no clue as to why, they just keep pretending that everything in lala land will be fine, well it isn’t and its going to get very nasty, I predict that 50-75 % of the people will be gone from this country when it is all over, sounds crazy right, well soon those living in denial will find out that it isn’t crazy. Americans have furnished the blood and guts of their children for years to the bankers and corporations that have spilled those guts and blood over many foreign lands so that they could control and take the resources they wanted, those bankers and corporations have America’s wealth, and it has been taken to China, so they can send worthless junk from China at extremely high prices. Americans allowed their politicians to sell their country out to the highest bidder, your politicians are the ones who spent this country into debt oblivion, funneling American’s wealth into the hands of the bankers and wall street and corporations.
All the while telling the dumb sheep that capitalism was the only way, well capitalism is nothing but a system of greed controlled by the few, who have made themselves very wealthy while Americans have lost their manufacturing, jobs, homes, economy and next will be a worthless dollar. You sheep pretended that your vote had power, you were fools, your country is destroyed right around you and you didnt have sense enough to realize it was even happening. Capitalism is nothing more than a license to lie, steal, and commit genocide on anyone that has anything that the rich elite want. You idiots poopooed the idea that they were planning a nwo, you laughed, and mocked those who tried to tell you, they murdered many who tried to reveal it to you, and you made fun of those who gave their life trying to save your ass, well payday is coming, get ready for it.
One of the biggest reasons and one that most of you idiots will never understand is the fact that you allowed your satanist masters to brainwash the truth out of you about who and what you really were. Now you are nothing more than apes who have descended from apes, and you act like the apes that your satanist master told you that you were. You believed the lie you bought the evolution and atheist horseshit, you have no clue who you are, and you have no spiritual soul, that is why you are on your way to hell, and there is nothing you can do to change it.
The manufacturing is gone, your jobs are gone, millions more houses will be forclosed on, the country is becoming a police state more and more every day, your police are nothing but swat teams with and attitude, and huge egos, they hire abusive people for cops, thats the kind they want, the courts and the law enforcement is nothing more than a revenue collection agency for the rich, prisons are nothing but part of the revenue collection agency. The dollar is on its way to hell and nothing will stop its demise, the world is sick of you Americans consuming 90% of the worlds goods on credit and paying what little you did pay with worthless fiat dollars. The world is sick of you and your warrior ways of greed. It’s time to pay the piper, America has already been destroyed, most of you are so stupid and blind that you cant see what has already been done, the only thing left is to get rid of the sheep when they revolt, and they will and they can, if you think the rich are going to give up their wealth to save your asses you better think again, it ain’t going to happen. Now, you fools said in your heart there is no God, you believed the lie of the Satanist and you are on the road to hell in a handbasket and God left America long ago. Don’t worry about a rapture, you havent made yourself fit for heaven, you have supported the enemies of humanity and the planet out of your own greed, you have the govt that you deserve, they have broke the American people, sold off their country, and now you are enslaved totally, your govt is a reflection of what you Americans have become, now go back to lala land and enjoy the ride to destruction cause nothing nor no one is coming to save you.