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Gerald Celente predicts another financial crisis
Posted on 05 May 2010 with 1 comment from readers
Gerald Celente has been famous since calling the 1987 Wall Street Crash. He was also right about the global financial crisis of late 2008. He remains an unrepentant bear, and is on the record as predicting another financial crash in 2010
Federal Reserve policy is the main cause of current problems. The fox is watching the foxes. Goldman Sachs is the ultimate insider and the system that is too big to fail will fail nonetheless.
The danger for commentators like Gerald Celente is that his bearish comments have been wearing a bit thin as markets have continued their recent rally. Perhaps now that markets are turning highly volatile he will be off Russia Today and back on Bloomberg again.
Posted on 05 May 2010
Categories: Banking & Finance, Investment Gurus, US Dollar, US Stocks, Video Channel
1 Comment posted by readers:
Celente is correct when he states that the US government’s “financial reform” is nothing but a show.
<Obama in Trouble:
Let’s be candid about what is happening within the USA, from a political perspective. Obama’s approval ratings are dropping like a rock, and the public is very angry at Wall St’s massive fraud & and on-going corruption. The best way to significantly improve Obama’s approval ratings is to “feign” an attack against the most hated of all investment banks, namely Goldman Sachs (footnote here: they should all be hated for their continuous and massive fraudulent actions!). I predict that this “feigned attack” continues until mid November 2010, after which time GS will get a mild slap on the wrist.
The Third Gold War:
As Paul Mylchreest stated yesterday in his absolutely excellent report (ThunderRoad Report)
“It’s nothing more than politics – the Obama Administration is seen as taking action against the bank which is most despised by the public.”
For those who are truly interested in knowing the real financial turmoil currently rocking the global financial markets, read Paul Mylchreest’s ThunderRoad Report, which he has graciously posted on the web. It’s entitled Lock & Load into Gold, dated 4 May 2010. Go here:
http://www.pdfdownload.org/pdf2html/view_online.php?url=http%3A%2F%2Fwww.gata.org%2Ffiles%2FThunderRoadReport-05-04-2010.pdf
P.S. To Peter:
RE: Germany to Leave the Euro?
Peter, last month in one of your blogs, I stated that Germany may well want to “throw in the towel” within a year or two by leaving the EMU. Your response was: “when pigs fly.” Given the rapidly spreading contagion, I now believe that it may not take that long!