Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Michael Moore
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Gerald Celente – The Collapse Has Already Begun. Watch Out for China!

% of readers think this story is Fact. Add your two cents.



GERALD CELENTE – The Collapse Has Already Begun. Watch Out For China!

Despite constant reassurances from federal overseers, Americans are becoming increasingly aware of the economy’s frail nature.

While media pundits and analysts desperately push the failure of central planning and Keynesian economics, these five experts continue to be proven right on the dangers of reckless spending and debt.

Here are five renowned experts who warned of the now-present, slow-motion financial collapse. With currencies being rapidly devalued by their respective governments, the global economy in a slow-down, and tensions over resources heating up around the world, it’s time to start considering the endgame. If we all talk about the end game and a scenario of total collapse, I can see the governments telling everybody that your money is now worthless and the bonds you own are now worthless. You all have to take a haircut. The controlled media tells us that it is a symptom of corporate greed and an accidental occurrence. The truth is that recently released central bank cartel documents show that the entire global financial melt-down in a purposefully engineered consolidation. The following is a transcript of an interview with award-winning investigative journalist Greg Palast in which Palast blows the IMF World Bank program of slavery wide open.

 

AJ: Burrow into NM Rothschild, you’ll find it all there. Go through these four points. You’ve got the documents. The IMF/World Bank implosion, four points, how they bring down a country and destroy the resources of the people. The US government has run up trillions of dollars in debt, and given the recent debates over the country’s debt ceiling, we can rest assured that neither Congress or the President will act to curtail spending and balance the budget. We will continue adding trillions of dollars to the national debt clock until such time that our creditors no longer lend us money. Lindsey Williams prediction prepper total collapse coast to coast am sheep sheeple ghost town hyperinflationary environment developing major collapses in the bond and stock markets and possible sudden deflation (primarily of assets), followed by dramatic inflation, if not hyperinflation (primarily of commodities), followed by a crash of several major currencies, particularly the euro and the US dollar.

Travel Restrictions. This will begin with restrictions on foreign travel, including suspension/removal of passports Confiscation of wealth. The EU has instituted the confiscation of bank accounts, which can be expected to become an international form of governmental theft. Food Shortages Riots. These will likely happen spontaneously due to the above conditions, but if not, governments will create them to justify their desire for greater control of the masses. Martial Law. The US has already prepared for this, with the passing of the 2012 National Defense Authorization Act (NDAA)

long-term food supplies, barterable goods, monetary goods, self defense armaments and having a well thought out preparedness plan The United States and Germany are prepared to engineer a coup in Greece to keep the country operating as a strategic asset on NATO’s vulnerable southeast European flank. Greek Military is an Operation Gladio Asset The wild breakout in German yields is rocking global debt markets, and giving investors an early glimpse of the uneasy future for bonds in a world of higher interest rates.

Economic analyst GERALD CELENTE about the recent bank run in China on P2P lenders as countless people hit the streets. Chinese household debt has climbed 40% in the past year alone. To top off that problem, one of the most at risk financial sectors has reached its inevitable end.

These loans are usually done without collateral, putting the loans at risk of default with no recovery whatsoever. China’s peer to peer industry is far bigger than the rest of the world’s combined. It had risen 50% just last year alone, totally $215 billion! Interest rates are often as high as 37%. Investors have been pulling their funds from these P2P lenders for some time, but in recent weeks the volatility got far worse. Countless P2P lenders have closed their doors in the last few weeks. Over 200 since June. Investors have been pulling funds in massive numbers causing a bank run! 243 online lending platforms have recently gone bust! This piles on top of the growing centralization in China as debt weighs down on people’s shoulders.

The Chinese government has been encouraging people to buy gold so to stand as one of the most powerful dominoes to fall. China is going cashless, fast. The IMF has spoken about putting their headquarters in Beijing. China clearly wants to be the next world reserve currency as the US dollar inevitably falls alongside all other current fiat empires.

The Bank For International Settlements recent named China, Hong Kong and Canada as the economies most at risk of a banking crisis. The bubble worsens and the centralization applied to fix the problems of centralization will simply get to heavy to sustain. All fiat currencies have eventually reverted to their true value of zero. They always have, they always will, going back to 1024 AD in China interestingly enough. So as we see the markets and the economy inevitably crash, the only thing one can do is decentralized, protect their purchasing power and learn to be far more independent.
Financial education and responsibility are key. Individual responsibility is the hallmark of freedom itself after all. We hope individuals prepare themselves. It’s better to over prepare than under prepare.

China and Japan are the biggest owners of the U.S. debt. But they have no incentive to create a collapse. The United States is their largest market. If it fails, so do their economies. Furthermore, China is not selling all of its dollar holdings. It has remained above $1 trillion since 2013. For more, see U.S. Debt to China.

5. If anything, the dollar would slowly decline instead of collapse. It fell 40 percent between 2002 and 2008. It has gotten stronger since then because of the financial crisis. Investors flock to ultra-safe U.S. Treasurys and the U.S. dollar as a safe haven.

6. The dollar won’t be replaced as the world’s global currency. The doomsayers point to gold, the euro, or Bitcoin as a replacement for the dollar. China has said it would like the yuan to replace the dollar. It’s true that the dollar’s value is supported by its role. But none of these other alternatives have enough circulation to replace the dollar.

7. The Fed’s quantitative easing program and low fed funds rate won’t cause hyperinflation. If anything, these programs have created a liquidity trap. That’s when people, businesses, and banks hoard the extra cash instead of spending or lending it. The real cause of hyperinflation has been debt repayments to fund wars.

8. The stock market hit new highs in 2016 and 2018. Stock prices are based on corporate earnings, so that’s a sign of business prosperity.

9. Consumer confidence hit a nine-year high in 2018. Consumer spending drives almost 70 percent of the economy.

10. Economic growth is slow but stable. Since the Great Recession, the economy has grown between 1.5 – 2.7 percent per year. According to business cycle theory, a bust only occurs after a boom. That’s when GDP is more than 3 percent. It hasn’t been that high since 2005 according to a review of GDP by year.

What It Means to You
Before you run out to buy gold or stock up on canned goods, do two things. First, read the articles linked in the 10 points above. They will give you the facts the naysayers ignore. Or read “How the U.S. Economy Works.”

Second, understand what a real economic collapse looks like. On September 17, 2008, the U.S. economy almost collapsed. That’s when companies pulled out trillions of dollars from money market accounts. It would have created a severe cash crunch had it continued. The nation’s trucking industry would have ground to a halt. Gas stations would have gone dry. Grocery stores shelves would have gone empty. But those things didn’t happen because the Federal Reserve prevented the collapse. It guaranteed money market accounts and restored confidence.

Iceland’s economy collapsed in 2008. Its banks had defaulted on $62 billion of foreign debt. They had used the debt to finance foreign acquisitions. But Iceland’s entire gross domestic product was only $14 billion. When the banks defaulted, foreign investors fled. Within a week, the krona lost half its value. The stock market dropped 95 percent. That’s when almost every business in Iceland went bankrupt.

Although the Great Depression wasn’t a collapse, it was close. GDP fell by half. Global trade dropped almost two-thirds. Unemployment was 25 percent. What caused it? Government actions turned a recession into a depression. First, the Fed used contractionary monetary policy like raising the fed funds rate to protect the gold standard. Congress cut back on spending as soon as the New Deal got the economy back on its feet. That contractionary fiscal policy brought back the depression in 1937. It didn’t end until the military build-up to World War II.

 

Natural Healing Meat4All gathers useful and fascinating information on every practice of natural health and healing in one handy volume. This new edition, with a smaller trim, includes all the must-have information from the original edition including chapters on herbal healing, naturopathy, homeopathy, Eastern medicine, energy healing, mind-body healing, and healing with foods. Information within these chapters includes various methods and techniques for managing and curing hundreds of ailments, as well as for maintaining a healthy constitution year-round.

 

Books can be your best pre-collapse investment.

 

SOURCE : http://www.prepperfortress.com/gerald-celente-the-collapse-has-already-begun-watch-out-for-china/



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 9 comments
    • AJ

      Some of this is true but you contradict yourself and a lot of it is BS…
      the illegal “Fed” is the cause of this but you give them a pass….?

    • Central Scrutinizer

      @ssclown Celente couldn’t accurately predict a bowel movement after eating spicy chili from his neighbor Chipotle……. :mrgreen:

    • Slimey

      GC said Mitt Romney would be president. He said that about 6 months before the election on the silly George Noorey show. George has repeatedly stated he writes down these “predictions” of his guest to hold them accountable.

      Well GC appeared on his show AFTER the elections and George DARE NOT ask GC about his WRONG predictions, so George is a PHONY!

      And a nutta thing. They play past reruns of Art Bell from 20 years ago and it sounds like today’s current shows almost to the letter. So they are just playing you to keep an audience. A formula that has worked well.

      Give them what they want to hear, stand back and laugh. And George has the same callers calling his show all the time. Two Negroes and a white nerd. Very annoying. :cool:

      • wheeties

        hey slime–did you hear they said art killed himself–overdose–art use to say all the time his show is just entertainment–but after his kid got molested by teacher and his wife died he lost heart..used to listen to him in the oil field in the middle of nowhere,utah,wyoming,colorado–sometimes the whole crew would stop and listen–art was the best

        • Slimey

          I didn’t know his son got molested. But I prefer Art Bell over George. George seems to have a mean streak in him, every once in awhile.

          Plus those damn two Negroes and white nerd calling his show all the time.

          There was another up and coming radio host awhile back. He was good till he started using racial slurs. Then he disappeared from the air. I even forgot his name, but not his face. :mrgreen:

    • patann

      -Article, The dollar won’t be replaced as the world’s global currency. The doomsayers point to gold, the euro, or Bitcoin as a replacement for the dollar. China has said it would like the yuan to replace the dollar. It’s true that the dollar’s value is supported by its role. But none of these other alternatives have enough circulation to replace the dollar. Articles, It was as the days of Elohim approaching Abraham, even more so when I laughed at HIM threating US destruction, as Abraham and Sarah laughed at the prospect or having a son in their old age, God alone is God, beware, Apb

      God said, He Will Destroy America, She And It’s Petrodollar Of Manslaughter
      http://theresurrectionofmaaseiahadonai18.blogspot.com/2018/02/o-lord-our-lord-how-excellent-is-thy.html

      -Don’t let the curse of delusions affecting Pres. Trump’s lopped sided administration so many fired or resigned, delude you as well, can’t tel whether it’s coming or going. Apostle I am Gerald, the one who saw and predicted a Hussein white house while Saddam Hussein was being hunted down by US military for execution. Then watched as Hussein Obama rose as one of the ten headed beast, head, that’d been killed, Saddam Hussein yet as prophesied Rev. 13, it’s lived, Barack Hussein, nothing sir, nothing is as it seem. I also witnessed as the US dollar, the since 1974/75 petrodollar was weighed, judged and sentenced for this mountainous blood guilt, this world currency being aligned, to Bush/Cheney’s Saddam, 2002, to Obama/Clinton, Gaddafi, 2013, and Cameron/Trump/Netanyahu’s Assad/Abbas, Trump’s 2017 inauguration, a predicted, fifty million pending dead, US soil.
      -Doing the Obama/Clinton reveal, I was shown a paperboy, on a bike, a paper route, with a November 4th 1975, birthday/petrodollar, first year anniversary, whose handle bars were attached upon by a funeral reef, that grew and soared Jack and the bean stalk style until it’s taking of life reached heaven’s ceiling. See, I always research these economic articles because when Elohim God come to me about ending America come Mystery Babylon, like He’d gone to a Father Abraham, about end sin cities Sodom and Gomorrah. The first thing THEY mention as the root of America’s final collapse, as in no point of return, was from failing banks, to a falling housing market to falling churches, yes they mention churches. Where l’ve seen one manner of towering, beast of another, viciously, as those stomping, chomping and tearing through pulpits and pews, getting at people while they sit their peace getting porches, heard in my ear, as of their money markets, I have a bear in 120 countries.
      -Further witnessed the first of the year, 2018, the judgement/sentence of riches to rags, abominable sickbeds to sleepovers by all the mightier seismic activity sending earth bells ringing. There was even two crystallized Godzilla beast found, when even the crystalized skies cracked apart and come missiling down, all indicated, a financial collapse as I’ve seen at least three persons to one bike, Marveled at millions awaiting a single water cooler, when a woman bearing black bowls approached them, the worst of great tribulation; still I heard in my ear, the antichrist will kill millions going broke, drop your pension and get to the Breexit, Hilexit, Truexit. Understand, the weaponization of peace on earth, by the petrodollar handlebars, those I witnessed 2003, being applied with axle grease as to prevent China and Russia, both the continent and country, I saw when I saw them, 2003, Asia, America, Japan and Russia in a block, alone, the petrodollar have caused millions their lives.
      -It has stampeded millions into immigration, cut them off at Gaddafi’s US of Africa and yes, the migrates they now treat like dirt to criminals. Is there any wonder even a Trump/Pence ticket,2015/16, that I witnessed a fury of God, as the days of Ezekiel’s witnessed rise of Gog and Magog, cast at them. When God tell Towering Western Rule like Nimrod’s come a Babel, their great whoredom to weight of blood guilt come a doomed Mystery Babylon, again, when he tell yall HE see yall iniquities. That He remembers them, that now is come time for HIM to lay down extinction level judgments, even double their cataclysms. Crying His people need to get out of it, He has only designed and will only bless exodus, this is just as the days of Abraham’s Lot, Noah’s Flood/Ark and Moses Hebrew/Exodus, meaning as prophesied Elohim God is the same today, yesterday and forever, and forever! Beware, Apb, The RAM

    • CUB4DK

      I’m still waiting for the Chinese Government to help out those poor Americans…hehehe

      Cheers, uncle Hexy :lol: :lol:

    • Stefan

      This man can absolutley nooot be believe,,, he is BIG BS :mrgreen:

    • nomorelabels

      Sorry Gerald, you are a good guy, but you have been making these claims for decades and repeating them over and over again.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.