Gerald Celente: This Thing [The Global Financial System] Is Coming Down

Gerald Celente: This Thing [Financial System] Is Coming Down (NYSEARCA:GLD, NYSEARCA:IAU, NYSEARCA:SLV, NYSEARCA:AGQ, NYSEARCA:PHYS) | ETF DAILY NEWS

.....Though, not complete, below, is a list of items that support Celente’s call for an impending next leg down in the global financial crisis.

•  A property bubble about to burst in Canada
• Bank runs in Greece, Spain and Italy
• Spain housing market to drop another 25 percent, according to S&P
• Netherlands reports sudden 10 percent drop in retail sales
• EU proposes currency controls
• China reports rapidly decelerating GDP, ramps up gold imports
• Baltic Dry Index approaches 2009 low
• India’s currency, the rupee, is under attack
• Slovenia needs a bailout
• Cyprus needs a bailout
• Egypt in the throes of civil war, again
• Fed overtly monetizing debt 30-year treasuries, according to zerohedge.com
• U.S. job market is fictitious, according to John Williams and Charles Biderman.  Real unemployment is 22 percent
• U.S. consumer tapped out and buying necessities with credit cards
• Global recession next year pegged at “100 percent” certainty, according to Marc Faber. Jim Rogers agrees with Faber’s assessment and includes 2014 as a worse outlook

Countering misleading comments made by officialdom throughout the crisis—blatantly appearing to follow the playbook of former President of the European Council Jean-Claude Juncker, who once said, “When it becomes serious, you have to lie,” —Celente told KWN listeners to not expect the truth out of Washington or Brussels.  You must “think for yourself” and that “you’re on your own” while the global financial collapse plays out.


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