Sunday, February 19, 2017

Gerald Celente : The Day of The Almighty Petro Dollar coming to an End









Gerald Celente:
Publisher of The Trends Journal
Founder& Director, The Trends Research Institute

Forecasting worldwide since 1980, Gerald Celente has earned the reputation as “today’s most trusted name in trends” for his accurate and timely predictions. Among them:

• The "Panic of ’08" (financial meltdown): forecast in November 2007
• The "Great Recession" to begin in 2007: forecast Jan. 2004
• "Technotribalism" (rise in social networking): forecast Oct. 1993
• Real Estate Peak/Decline to Follow: forecast Dec. 2004
• Dot-com Bust (to hit by second quarter of 2000): forecast Oct. 1999
• "Gold $2,000": forecast Dec. 2001
• Tax Protests: forecast Dec. 2007
• "Economic 9/11" (predicting Sept.'08 financial calamity): forecast Dec. 2007
• "Little People Squeeze" (squeezing taxpayers): forecast Dec. 2008
• Decline of U.S. Automakers: forecast Oct. 2005
• "Back to the Land" trend: forecast March 1995
• "Buy Local" trend: forecast Oct. 1993



Gerald Celente : well look at the 0:48 price of gas member of the petrol 0:51 dollars and what we have gas prices out 0:53 now we're seeing brent crude $125 of 0:57 barrel and what they're really doing is 1:00 they're creating the same scenario that 1:02 they did to blow up the bubble that 1:05 ended with the real estate crisis in the 1:08 financial credit crisis so go back to 1:11 2000 and the nasdaq crash what did they 1:15 do well after nine eleven Alan Greenspan 1:18 began to low interest rates the 46 year 1:22 lows of course the nation was in a 1:24 recession and they use that as an excuse 1:27 so they're doing the same exact thing 1:30 now only but a little differently in the 1:33 sense that now the Federal Reserve is 1:35 said that interest rates are going to 1:37 remain low essentially throughout 2012 1:41 2014 and what are they doing well now 1:45 it's a different kind of bubble so now 1:47 consumers are again going into debt 1:50 losing their savings and borrowing more 1:53 building up more credit cards that 1:55 student loans again more debt 1:58 what's fueling the equity market it's 2:01 simple low interest rates so they're 2:04 creating another bubble in the Europeans 2:06 are doing the same thing with their 2:08 central bank by dumping what about 1.3 2:12 trillion euro 2:13 goes into the banking system since the 2:15 end of last year and loaning it out to 2:19 banks that virtually no interest rates 2:21 of course the bricks want to come up 2:24 with another currency because they know 2:26 they're getting shafted now I'm we are 2:30 the US has a very big problem that you 2:32 just mentioned but there's also this 2:34 crisis in the eurozone which currency do 2:37 you think is in more trouble 2:38 I think right now the the eurozone is in 2:42 much deeper trouble but again its 2:45 relative it's which one is going to go 2:47 first and lives when you read the quote 2:50 by Dilma Rousseff the president of 2:54 Brazil at the brick meeting recently she 2:57 said quote it will not be overcome 2:59 simply through measures of austerity the 3:02 crisis that started in the developed 3:04 world or fiscal consolidation and 3:08 depreciation of Labor course let alone 3:11 through quantitative easing policies 3:14 that have triggered what can all lead be 3:17 described as the monetary tsunami has 3:22 led to a currency war and had introduced 3:25 new and perverse forms of protectionism 3:28 around the world what she's saying is 3:31 very important go back to the crash of 3:34 1929 what was that the crash a 3:37 depression as you have now a lot of the 3:40 world of deep recession followed by 3:42 currency wars followed by trade Wars 3:46 followed by World War 2 the same 3:50 scenario since the panic about weight is 3:53 playing itself out again 3:55 now we are saying seeing the bricks just 3:57 last week there they want to take 3:59 matters into their own hands and say hey 4:01 we don't need to use the dollar we want 4:02 to trade in our own currency but if 4:05 there is girl this shift away from the 4:08 dollar as a world reserve currency what 4:10 I would replace that well again probably 4:13 a basket of currencies and oddly enough 4:15 the sonic the the head of the World Bank 4:19 who about two years ago came out and 4:22 said that there should be a basket of 4:23 currencies of which goal should be part 4:26 of it 4:27 has also come out in favor of the bric 4:31 nations deciding that they want another 4:33 finance vehicle he said quote i'm going 4:36 to cut enough of an economist that i'm 4:38 not a monopolist so something new is 4:40 going to be created and it's very 4:42 important that the dollar became the 4:44 reserve currency after World War Two 4:47 with the bretton woods agreement and at 4:50 that time when you go back the United 4:52 States is the only game in town 4:55 Europe was destroyed there was no Russia 4:57 in the business 4:58 china it was behind you know the the i 5:01 encourage that they had the yellow 5:02 curtain over there you had no India 5:05 Brazil was Brazil doing this is a whole 5:09 new world it's beyond the post-world War 5:12 to World it's a 21st century world and 5:16 the time definitely are changing 5:17 especially with the US now not as 5:20 powerful as it once was in terms of the 5:23 economy at least and we see the BRICS 5:24 nations their their economies are 5:27 growing at a very rapid look rapid rate 5:30 so Gerald how soon if we do see this 5:32 shift to a different world reserve 5:34 currency when would that happen I would 5:37 expect it to happen after the 5:39 presidential election they're going to 5:42 do everything they can to try to keep 5:43 this going and to try to soothe any kind 5:47 of ripples coming from around the world 5:49 but you know this is much bigger than 5:51 just a dollar crisis it's really the 5:54 decline of empire American so many 5:56 different ways whether it's waging it's 5:59 losing wars overseas and draining its 6:01 Treasury whether it's the mountains of 6:04 debt that they're piling up or whether 6:07 the declines in virtually every oecd LED 6:11 industry whether it's quality of life 6:13 healthcare the list goes on and on 6:16 so what we're seeing is decline of of 6:19 america and the building up a really a 6:22 21st century economy I think it's going 6:25 to happen after the elections now 6:27 ultimately what would this mean because 6:29 you know economist are talking about 6:31 what the implications of this could be 6:33 but why should be average US citizen 6:34 care if the dollar is no longer the 6:37 world reserve currency what are the 6:39 implications for 6:40 Americans solo is standard of living it 6:43 continues to decline and the price of 6:45 everything costs more 6:47 the United States of course like you 6:49 know the the eurozone has the the 6:52 leverage to print it sound money so the 6:55 more that they print the cheaper the the 6:57 the less the value so what this means to 7:00 Americans is a continued decline of 7:03 quality of life and I don't say that is 7:06 just a throwaway phrase by all indices 7:09 for example median household income is 7:12 more than 1999 levels when you see the 7:16 decline of this bit ly the decline of 7:19 real wages over the last quarter 7:22 it's one after another so that's what it 7:25 means 7:26 and speaking of quality of life Gerald 7:27 what kind of plays into that as well as 7:29 gas prices 7:31 exactly that's what i was saying that 7:33 it's Petro dollars and again this came 7:36 about it only in the nineteen seventies 7:38 and that we're going to start pulling 7:41 off that as you're already starting to 7:43 be seen 7:44 so it you look at the price of 7:46 everything I would by the way how 7:48 foolish of me to talking you to talk 7:51 about oil prices because the federal 7:54 reserve that does not include food and 7:56 fuel into our core index so we just have 8:00 to throw that away because after all we 8:03 don't have to eat or use fuel what-what 8:06 deranged mind would really include that 8:09 into a core index the books are being 8:12 cooked the numbers are a lot worse than 8:14 they are and all the Federal Reserve is 8:17 doing 8:18 I believe it's pumping this up to make 8:20 it so that it looks like there's a 8:23 recovery up until Election Day 8:25 alright scary stuff to Carol thank you 8:28 so much for coming on the show and 8:29 sharing your views of us i was jailed 8:31 for 13 publisher at the trans journal 8:33 and director of the trends Research 8:35 Institute





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“Control oil and you control nations; control food and you control the people.” Henry Kissinger


once a standing army is established, in any country, the people lose their liberty.”
George Mason

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Joseph Stalin

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PHILIP ZIMMERMAN, DER SPIEGEL

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Jewish Voice, July - August 1941

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UNKNOWN

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Stefan Molyneux


“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924


Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money
UNKNOWN

Taxation is legalized Theft
UNKNOWN

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Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan


"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich


There is NO political answer to a spiritual problem!
Steve Quayle


Po
litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
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The modern definition of racist is someone who is winning an argument with a liberal
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When People lose everything and have nothing left to lose , They Lose It !

GERALD CELENTE

Your Greatest Teacher is Your Last Mistake
DAVID ICKE

The one who Controls the Education System , Controls Perception
UNKNOWN

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Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left
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The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

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Dissent is the highest form of patriotism
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UNKNOWN

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“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN