Gerald Celente – Shocking Swiss Move Only The Beginning Of A Much Larger Global Meltdown

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Gerald Celente – Shocking Swiss Move Only The Beginning Of A Much Larger Global Meltdown

Today the top trends forecaster in the world spoke with King World News about why the shocking Swiss move is only the beginning of a much larger global meltdown that will lead to the panic he predicted will happen Wall Street and around the world in 2015. Below is what Gerald Celente, founder of Trends Research, had to say in his powerful interview.

Eric King: “Gerald, you warned KWN on January 2nd that “2015 will be the year that will trigger panic on Wall Street and around the world.” We are already beginning to see the early stages of that panic — your thoughts.”

Celente: “The tremendous volatility in world markets is directly related to the fundamentals and the fundamentals of the global economy are not good, not only in the United States but worldwide.

“Here in the United States we kept hearing that low oil prices were going to put money into people’s pockets. That meant the consumer was going to put more money into retailer’s cash registers. But the Retail Sales numbers were just released and they actually declined. Even November’s retail sales were revised dramatically lower.

It’s A Global Depression

Now let’s put this into perspective: Most people know that the global economy is in a slowdown. The reason prices are going down is because people don’t have money to buy things. That’s why retail sales are down not only in the United States but around the world. They are calling this ‘deflation.’ But do any of these puppets have the courage to call it what it really is? It’s a depression. These are depressionary conditions but no one in the mainstream media wants to call it that.

We have seen a collapse in oil prices because demand is way down. We are also seeing a collapse in commodity prices across the board. Copper prices just hit 5-year lows. Why? Well, 40 percent of the copper supply is absorbed by China, and China doesn’t have that 7.5 percent growth anymore — it’s more like 3.5 percent.

Price Wars Across The Globe

So as China slows down and countries in the West are buying less, resource-rich countries aren’t exporting as many commodities or products. This goes back to one of our top trends for 2015 — Price Wars. You are now seeing Price Wars across the globe.

It’s finally beginning to dawn on people that there has been no recovery — it has all been a coverup. The quantitative easing money has flooded the globe and created completely phony markets. The tens of trillions of dollars that were injected into global markets did nothing of any substance to improve the general economy…..more here

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Gerald Celente – Shocking Swiss Move Only The Beginning Of A Much Larger Global Meltdown