Celente: The 2013 Financial Collapse Will Be One For The Ages
Today top trends forecaster Gerald Celente told King World News the Western world is heading into a massive financial collapse in 2013. Celente also provided KWN exclusively with a small portion of a frightening new piece from the former Assistant Treasury Secretary under Ronald Reagan, which is contained in the interview below.
Celente went on to discuss what is happening with gold right now, and told KWN he is continuing to buy physical gold for himself ahead of this financial collapse. Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world.
“2013 could be the year that the Western world, based as it is on debt and fiat paper money that is printed in order to support debt, comes to an economic end … Hopefully, the derivative exposure – essentially uncovered bets on interest rates, mortgages, currency exchange rates, and prices of oil and other commodities and equities – nets out in some way so that the net exposure to risk is far less than $227 trillion. Nevertheless, if enough of these bets go wrong, banks can go bust.
So far the “euro crisis” promoted by the US and Western media has protected the US dollar by sending euro holders fleeing into dollars, and the Federal Reserve’s purchase of the banks’ bad bets has kept economic Armageddon at bay. However, the Federal Reserve cannot forever create new dollars with which to purchase the banks’ bad bets and with which to finance the huge annual operating deficits of the US government without undermining confidence in the dollar.
When Gerald Celente says it’s going to happen this year,we all best heed his warning.He’s been right so many times before.
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Want to know who’s responsible for the economic crash click below..
http://www.thewarningsecondcoming.com/your-banking-collapse-was-masterminded-by-the-anti-christ/
He also made a BIG TIME wrong prediction!
He said Barry Saetoro was going to get elected, than he said with great fanfare, no Romney was going to get elected.
Instead Barry Saetoro got elected.
So which year is it Gerald? 2008, 2012, 2013 or wait, was it 2014 or 2015??? Make up your mind!
Who pays you to spam? The jews? CIA? Democratic party?
Never call it the “democratic party”. the correct title is the “democrat party”. Think about it ; would you say it was the party of the democratics?
First they make you think it’s a democracy and next they make you think thier party is democratic. Word games.
You paid me! Don’t you remember you? For the Jews, CIA or something….
If it’s as bad as the collapse he predicted in 2012….we’ll probably be ok! That’s the great thing about guys who are always wrong, you can really count on them.
He’s right more than anyone else, disinfo agent idiot.
The only reason we have not collapsed is the printing from the fed. They are not solving any problems by doing this. They are delaying the inevitable.
The problem with printing all this money is we are still going to face the crash but now you add two more problems.
The destruction of the dollar and inflation.
If you don’t understand this you do so at your own peril.
While they are printing you have some time to prepare for the inevitable. . Once it stops if you are not ready you will be at the mercy of the government and that will not be good.
Time is running out. If you don’t understand you are going to have a hard life in the not so distant future.
This is not for fear mongering that people are saying this it is only meant to wake people up so they will survive and do well through the tough years that will be coming.
learn from history and get ready.
I say, Bring it on–Many news articles has been predicting WORLD WIDE COLLAPSE for a few years now. I’m tred of reading about it – SO BRING IT ON. We are doomed anyway so speed it up. There is gloom and doom anyway now. “OUR” minds are being tinkered with anyway. I’m not afraid.
In 2011, Mr. Celente predicted that by Christmas of 2012, Americans would be more concerned about getting food on the table than about buying presents. Technically, he’s correct, because without government subsidies, this country would erupt in flames.
Celente has been saying this for years now