Forum Post: (video) Trends Forecaster GERALD CELENTE Interviewed by Alasdair Macleod of GoldMoneyNews
Posted 13 years ago on Nov. 3, 2011, 8:57 p.m. EST by MonetizingDiscontent
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Trends Forecaster GERALD CELENTE Interviewed by Alasdair Macleod of GoldMoneyFoundation
Gerald Celente, Founder of http://www.trendsresearch.com/, and Alasdair Macleod, of the GoldMoney Foundation, talk about his work at the Trends Research Institute. Gerald talks about himself and how he started covering global trends. He talks about his experience in politics and how he became a political atheist.
They talk about the role of fiat money in creating our economic problems. Gerald Celente explains that he has been looking at gold since the beginning of the bull market, he missed the low of 250$ per ounce by only 25$. They talk about 1987, the bubble of the 1990s and the money printing that caused it. They talk about the lowering of interest rates after 2001. Gerald calls it cheap money: 'the more you print the cheaper it gets'. He says that digital dollars are not worth the paper that they are not printed on. They talk about the panic of 2008 and how every central bank started printing massively to "keep the Ponzi scheme going".
They talk about gold and whether it's currently in a bubble, Gerald makes fun of predictions by those that failed to see of anything that's happening now. He explains that the world economy is much larger now than in the 1980s and that the participation of China, India and the entire Eastern Europe this time around make this a completely different game. Societies that have been around for some time know the value of gold and understand the devaluation of paper currencies.
They talk about how modern portfolio theory classes gold as a "risk" asset. They talk about the disdain for gold in mainstream financial circles and how gold buyers are disparaged and called names. Gerald talks about how gold saved him in times of trouble.
They discuss the 1930s and gold revaluation and confiscation, they also talk about Argentina's "Corralito" in 2001. They talk about bank holidays and how gold served as protection against a collapse of the banking system.
This interview was recorded on October 20th 2011 in New York.
Gerald Celente's YouTubeChannel:
http://www.youtube.com/user/geraldcelente
Gerald Celente's Trends Journal:
http://www.trendsresearch.com/journal
Gerald Celente's Twitter:
http://twitter.com/geraldcelente
Gerald Celente at OccupyWallStreet
(Part 1) Gerald Celente at Liberty Plaza.- 25 Oct 2011
http://www.youtube.com/user/geraldcelente#p/u/7/HPH5IfNEvhg
(part 2) Gerald Celente at Liberty Plaza.- 25 Oct 2011
http://www.youtube.com/user/geraldcelente#p/u/8/4x7L14bXUa0
(part 3) Gerald Celente at Liberty Plaza.
http://www.youtube.com/user/geraldcelente#p/u/3/XPe7Oib4MLo
Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente, whose motto is "think for yourself," observes and analyzes the current events forming future trends for what they are – not for the way he wants them to be.
Like a doctor giving a diagnosis after gathering the facts, whether or not you like the prognosis doesn’t alter the outcome, make him an optimist or pessimist – it’s simply what is.
Gerry "The Seer" Celente. Like it takes a blind man to see what he can see? The main problem with his predictions is that a five year old with a crayon and an atlas can draw a line from the east coast to the west. He just sees what all of us can see but refuse to see. No magic there. He just gets paid more to spout off the reflections off his "crystal ball" to the rest of us. When he is wrong, no one notices. When he is right, no one cares. He should join a psychic circus or pick lottery numbers for OWS. It would save us all a boatload of bullshit. But not a surprise he is chiming in. He's a great one for the doom and gloom bullshit and End of the World Anarchists and self-promoters who seem to pander to this kind of crazy chaos. Not surprised to see his name appear, really. Oh...was that a prediction? Am I psychic?
If Gerald Celente is not willing to admit the greatest concentration of wealth in world history as the primary underlying cause, then he is a coward.
He has mentioned it in passing a few times, but only in a casual way. A quick footnote. I believe that he has done so only to earn a hint of credibility. I believe that Celente is reluctant (like all filthy rich public figures) to acknowledge the incredible harm done by the greatest concentration of wealth in world history.
I'm aware of his record. It's better than most so called 'experts' but not by much. At least not with regard to economics.
Did he go on record at any time predicting the greatest concentration of wealth in world history?
Did he predict that the richest one percent would get even richer during the Great Recession?
Did he predict that the lower 99 percent as a group would see a significant drop in net worth and income during the same time frame?
Hell no he didn't. How could he have failed to do so even with all of his knowledge?
That's easy.
Gerald Celente is a high ranking member of the one percent club. Another filthy rich pig. That's how.
MIAMI (CBSMiami.com) – Florida is touting the new jobs it created Friday after a positive unemployment report. But based on numbers from all W-2’s filed in the country, the wages simply aren’t keeping up.
According to the Social Security Administration, 50 percent of U.S. workers made less than $26,364 in 2010. In addition, those making less than $200,000, or 99 percent of Americans, saw their earnings fall by $4.5 billion collectively.
The sobering numbers were a far cry from what was going on for the richest one percent of Americans.
The incomes of the top one percent of the wage scale in the U.S. rose in 2010; and their collective wage earnings jumped by $120 billion.
In addition, those earning at least $1 million a year in wages, which is roughly 93,000 Americans, reported payroll income jumped 22 percent from 2009.
Overall, the economy has shed 5.2 million jobs since the start of the Great Recession in 2007. It’s the worst economic downturn since the Great Depression in the 1930’s.
lol
Celente predicted this widespread unrest in America years ago. What are you talking about? The answer to all your questions is ...yes. He did, as a matter of fact.
Try listening to his interviews from years and years ago. He literally nailed every last one of your questions. You might like to research what you mock sometime.
Modest Post, modestcapitalist.
I have watched his previous interviews. Several of them. He mentioned the existing concentration of wealth only in a brief fashion. A footnote and nothing more. He has never once explained that a growing concentration of wealth reduces relative buying power for the majority and thus, demand. Causing a chain reaction of layoffs, less demand, more layoffs, ect.
However, if you direct me to an interview in which he seriously addressed or predicted the greatest concentration of wealth in world history and it's effect on economic stability (At least 50 words at once and exclusive to the issue. Anything less would be a footnote.), then I will admit missing that particular interview. I will then admit that I was wrong this time.
I'm more than willing to watch the clip or read the transcript. Please direct my attention.
But until I see that interview or read the transcript, I stand by my previous entry.
Another word about the first Great Depression. It really was a perfect storm. Caused almost entirely by greed. First, there was unprecedented economic growth. There was a massive building spree. There was a growing sense of optimism and materialism. There was a growing obsession for celebrities. The American people became spoiled, foolish, naive, brainwashed, and love-sick. They were bombarded with ads for one product or service after another. Encouraged to spend all of their money as if it were going out of style. Obscene profits were hoarded at the top. All of this represented a MASSIVE transfer of wealth from poor to rich. Executives, entrepreneurs, developers, celebrities, and share holders. By 1929, America's wealthiest 1 percent had accumulated around 40% of all United States wealth. The upper class held around 30%. The middle and lower classes were left to share the rest. When the majority finally ran low on money to spend, profits declined and the stock market crashed. Of course, the rich threw a fit and started cutting jobs. They would stop at nothing to maintain their disgusting profit margins and ill-gotten obscene levels of wealth as long as possible. The small business owners did what they felt necessary to survive. They cut more jobs. The losses were felt primarily by the little guy. This created a domino effect. The middle class shrunk drastically and the lower class expanded. With less wealth in reserve and active circulation, banks failed by the hundreds. More jobs were cut. Unemployment reached 25% in 1933. The worst year of the Great Depression. Those who were employed had to settle for much lower wages. Millions went cold and hungry. The recovery involved a massive infusion of new currency, a World War, and higher taxes on the rich. With so many men in the service, so many women on the production line, and those higher taxes to help pay for it, the lions share of United States wealth was gradually transfered back to the middle class. This redistribution of wealth continued until the mid seventies. This was the recovery. A massive redistribution of wealth.
Then it began to concentrate all over again. Here we are 35 years later. The richest one percent now own over 40 percent of all US wealth. The lower 90 percent combined own less than 25 percent. This is true even after taxes, welfare, financial aid, and charity. It is the underlying cause. No redistribution. No recovery.
The government won't step in and do what's necessary. Not this time. It's up to us. Support small business more and big business less. Support the little guy more and the big guy less. It's tricky but not impossible.
No redistribution. No recovery.
Buy Local, Bank Local, Eat Local, Sleep Local. Break the Big Global Chains. Break The Chains!
We don't need more redistribution (which is why there will be). We dont need more 'LooseMoney' policy either. (Adults call it CheapMoneyPolicy)
No more printing money backed by nothing. Backed by nothing, like empty words or empty campaign promises. Promises, Like promissory notes issued by the keepers of flawed monetary policy. Ben will be 'easing' very soon, dont you worry yourself about that one little bit. Which is why you are right. No Recovery will come as long as Ben continues to 'ease'
I've read a few of your entries. We can agree on a few issues. But I just can't agree with your views on currency or any necessity to back it with gold.
There is no gold in a game of Monopoly. Currency is added to the game (put in circulation) as the economy grows. When one player owns half the board, the others begin to go broke. The economy slows down and finally, the game stops.
I'm not saying that it's just that simple. But it's close enough.
I really do agree with some of your views. But I am not worried about the strength of currency. Only it's distribution.
Confidence is what matters. Money isn't money without confidence. People have to be confident that form of currency will be accepted. Im not talking necessarily going to a PURE gold standard. Some DEGREE of gold standard will be required to restore confidence in the dollar if we expect the world to accept it.
I think the governments of the world understand this, which is why they are buying it up. They know that the next form of global currency will require it to be (to some degree) backed by gold. They also understand that whoever owns the most gold when the dollar crashes, wins.
Without a strong dollar confidence dies. Then you have no currency at all.
I do see your point about confidence. But it's a sad day when a lump of gold is necessary to give anyone 'confidence' in any currency. Strength and stability should be more than enough to back any currency. If only we had some.
nods, well it doesn't have to be all about Gold either. A strong currency could be tied to a combination of things, like Agriculture, Oil (pick an energy), Gold/Silver (things that already have value Naturally instilled in them) America IS strong, we have tons of resources so we could have a currency backed by a number of things that have natural value if we had the political will to do it. Its fun to print the money you need to do whatever you want though, wage wars whenever you want, etc... They'll never stop of their own will, I would wager.
Love that Gerald's name is getting some OWS attention and exposure! Been watching this guy for years. Knows what he's talking about.