Are We Already Living in “The Greatest Depression”?
According to Gerald Celente of Trends Journal, the US is entering, if not already in, the “Greatest Depression.” On Jeff Rense’s radio show this week, Gerald went on to say that the global economic slowdown is about to hit home in the USA, and hard.
Gerald Celente has been accurately predicting major economic and political events for the last 30 years. He was correct about the 2008 stock market crash and even called the “Trump rally” in late 2016, when he predicted that the stock market would rise to new highs based on optimism and a more tax-friendly environment for corporations and Americans.
But now, his latest prediction could be his most important:
“During the last recession, the Federal Reserve dropped rates to zero from 5%. This time, when the recession becomes official, they will already be at 2% trying to cut to zero, and it won’t be enough to have any effect on the economy at all… Now in Germany, if you buy a 30-year government bond, they are promising to give you back less money than what you paid initially. Imagine that, buying a bond knowing that you are going to lose money, guaranteed.”
This just shows how bad things really are in the world economy and monetary system, and no surprise then that last week New Zealand, India, and Thailand’s central banks all made drastic cuts to their countries’ interest rates. This is the 4th time this year that India has cut its interest rates.
Gerald Celente had a warning to the listening audience, that people could lose their jobs, their homes, their businesses, and worst of all- potentially their lives.
“You have the trade wars, the currency wars… and we are already in the stages of the Greatest Depression.”
Radio host Jeff Rense was keen to add that “by the time they announce the recession, it will already be too late to do something about it to protect yourself and your family”.
And I can’t help but agree.
Safeguard Your IRA or 401k While You Still Can
A Gold IRA:
*Can save you from the devaluation of the dollar due to un-payable US national debt
*Helps you make money even as stock markets decline, drop in price, or even crash
*Gives you all the same tax benefits of a traditional IRA or 401k
When the recession is officially announced, it will likely already be too late to save your retirement and investments.