Gerald Celente Globalists Are Going To Collapse World Economy
It’s one thing to prep for the next hurricane or tornado or economic calamity. There are a lot of really basic skills and supplies that will get you through those situations, and pretty much anyone can acquire them. But the scenarios that are truly difficult to prepare for, are the ones that involve the total collapse of our society for any given period of time. That’s because surviving those scenarios requires you as an individual, to pick up the slack of everyone else in society.
The globalists claim that reforming the very nature of capitalism will be needed to combat the rise of populism and nationalism. Following the global financial crisis, the report highlights the massive inequality gap in growth in developed countries. It also mentions that over the next several years technology could cause a catastrophic social change due to automation entirely wiping out jobs.
“This points to the need for reviving economic growth, but the growing mood of anti-establishment populism suggests we may have passed the stage where this alone would remedy fractures in society: reforming market capitalism must also be added to the agenda,” it said in its latest Global Risks Report.
“The combination of economic inequality and political polarization threatens to amplify global risks, fraying the social solidarity on which the legitimacy of our economic and political systems rests,” it added.
At the helm of the Trends Research Institute, Gerald Celente returns with comments on gold and US equities. Geopolitical events are escalating amid saber rattling with Syria and North Korea – such events oftentimes result in market trends with key implications for global investors. Although the post-election rally in US shares is impressive, a reaction is necessary to sustain the upward momentum. Still, with sluggish retail sales via the "Retail Apocalypse," Wall Street may continue to rally while Main Street stagnates.
Global currency volatility is improving the appeal of alternatives, such as gold and Bitcoin. Once the yellow metal crosses $1,400, Gerald Celente anticipates a new bull rally will drive the precious metal above the former 2011 peak to $2,000 an ounce. The Trends Journal compares cannabis legalization to 1933 and the end of prohibition. For instance, Canada recently decriminalized cannabis and many US states allow recreational / medicinal usage. Colorado is earning more tax revenue on a medicinal herb than on toxic potent potables. Gerald Celente and the host question why yet another tiny impoverished county with millions of starving, honest, hardworking souls, is the target of the world's most potent military force.
Historically, when globalization goes into reverse or in other words collapses; the economy does too. Looking through the history of the years before World War One, a similarity emerges.