In this video, we bring you the highlights of an interview with Gerald Celente and Daniela Cambone of Stansberry Research. Gerald Celente, one of the top researchers and publishers in the Trends Journal, warns that the greatest economic collapse in the world is finally here. He discusses what he is doing to protect his assets, and how he is preparing for what he considers the worst economic disaster since the Great Depression.
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“The ONLY Way To Avoid Economic Collapse Is Through Freedom” Gerald Celente
0:00 – How politicians are destroying the American and global economy
1:54 – Why this is unprecedented in the world’s history: according to Yelp, 60% of US business won’t reopen after the pandemic
3:10 – Why the 21st century might end up being the Chinese century
3:50 – Why the equity market is going up despite the crisis: they are dumping cheap money into the system
4:50 – Why this is devaluing every currency in the world, except for one
5:15 – Why this is a war our leaders have no exit strategy for: it’s going to be economic hell on Earth
6:13 – The only reason to be optimistic: the Black Plague was followed by the Reinassance, led by art and freedom
The stock market has been tanking. The market has already collapsed by more than 30 percent and experts are warning that the market might further collapse to the 40 percent level. Experts are warning that the global GDP will shrink by up to $14 trillion and the US economy alone will have a $4 GDP decline by the end of the year.
This economic fallout comes at a time when the United States has historic levels of debt. The government budget has huge deficits, while corporate debt and student loans are at historic highs. Millions of Americans have credit card debt, they are not working and the government is forcing everyone to stay at home. Will this become the biggest bubble in American history? The Federal Reserve had tried to avoid this debt crisis for years but now it seems inevitable.
The government has to come up with better policies and fiscal stimulus to help American households and businesses. Only the Federal Reserve has a balance sheet that is strong and large enough to prevent the collapse of the private sector. Without better leadership, it is just a matter of time before Americans find themselves in the next great depression bigger than the 1930s one.
#GeraldCelente #StockMarket #FinancialEducation
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Copyright Disclaimer: Wealthy Value is a web channel intended to provide business knowledge through video essays and analytical compilations. It is intended primarily for the purpose of encouraging informed discussions, criticism, and review of business topics and towards such purpose, the programs use short extracts of cinematographic films, sounds recording, and photographic works.
