King World News Interview with Gerald Celente of Trends Research Institute, August 23, 2012
Listen to interview with Gerald Celente...
Today top trends forecaster, Gerald Celente, told King World News, “... without Germany there is no euro.” He also warned that Finland and other countries are making alternative plans, “... in case the euro collapses.” Celente, who is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world, also said this is why “... my money is in gold.”
He went on to discuss breakout points in gold, but first, here is what he had to say about Europe: “The German Supreme Court is going to rule upon whether or not Germany can continue to put funds into the stability pacts and bailout program, and whether or not there is going to be a euro bond program at all. Bigger than that, whether or not the Bundestag is going to lose control of their own government and take some of the financial decision-making out of their hands and move it into Brussels.”
Gerald Celente continues:
“This is a huge day. Everybody will remember September 12th. It’s a really easy day to remember because it’s right after September 11th. I recommend everyone tune in because what the German court decides on that day will affect the future of the euro almost immediately because Germany is what’s holding this whole thing together.
If Germany doesn’t keep pumping in money to bailout these failing economies in Greece, Spain, Italy, into the European Central Bank so they can keep buying up these worthless bonds, and keep giving money to the banks that have failed in Spain and Greece and that are going under in Italy, without Germany there is no euro....
You could see the euro start to unravel, if they decide it’s unconstitutional, within weeks, if not days. So what I’m saying to people, this is a warning, but I would want to know where my money is, and for me my money is in gold.
You are starting to see gold prices moving up again. Just this morning we are seeing gold going back over the $1,640 mark. It’s been inching up and inching up. Here are my breakout points: Gold at $1,670, the next level to look for is $1,760. Once gold goes over $1,760, then we’re looking again at the $1,900 to $2,000 an ounce mark.
They are not going to be able to solve the European debt crisis, but, again, if the German courts don’t rule that this is unconstitutional, they could keep this thing afloat for another several months by dumping more money into it and making it appear everything is okay, (in order) to keep the Ponzi scheme going.”
Celente also added: “Why wouldn’t anybody believe in gold? Look at the people that are now investing in gold, the central banks around the world. Look at the George Soros’s that are investing in gold, and the Paulson’s. I guess they don’t know either?
Why would anyone put their faith in digital money? Why would people put faith in a euro, when after only ten years the whole eurozone is threatening to collapse. Why wouldn’t anyone pay attention to the Finnish Finance Minister, who says that they are ‘making plans in case the euro collapses.’
Why wouldn’t they believe that? So I’m continuing to buy gold.”
The above was just a small portion of Celente’s powerful interview. Celente discusses soaring grain prices, the drought, conflict in the Middle-East, and the global economic implosion and much more. He also discusses the hope he sees going forward as well.
