King World News Blog
Thu, 30 Jan 2014 00:00 CST
He also discussed exactly what will trigger and then accelerate this tragic collapse and ensuing chaos. Below is what Gerald Celente, founder of Trends Research and the man many consider to be the top trends forecaster in the world, had to say in this remarkable interview.
Eric King: “Gerald, so far this has proceeded exactly as you predicted, with the first taper in December and the second taper here in January. How bad will this get for the emerging markets?”
Celente: “This selloff in the emerging markets, with their currencies going down and their interest rates going up, it’s going to be disastrous and there are going to be riots everywhere….
“Now let’s get this straight: These countries are raising interest rates in order to protect their currencies as their economies are declining. Brilliant. That’s the exact opposite strategy for growth. So as the decline in their economies accelerates, you are going to see the civil unrest intensify.
You already see what’s going on in the Ukraine and in Turkey. You are going to see this spread to India and Europe. The people are restless and they are waking up to the corruption that’s going on throughout the world, and how the elites are taking almost everything, and how almost everybody else is left with nothing.
If you want to know a business that will thrive in 2014, it may well be guillotines because these are ‘Off with their heads’ moments. When you are hearing these people from Davos demeaning the people for complaining that far too few have much too much, and way too many have much too little, and the Davos horde compares it to ‘Krystallnacht,’ the German tragedy, you know that the Davos elites have lost their minds and they are completely out of touch with reality.
This situation is going to get very ugly as the world continues to unravel. Look at what just happened in the Ukraine: They just repealed the law that prohibited protests because it’s turning into a civil war. The prime minister has resigned, and the riots have unnerved the president so much that he has just gone on ‘sick leave.’
Meanwhile, they just passed laws in Spain to stop people from protesting. But all the laws in the world do not feed starving people. All the laws in the world do not put roofs over people’s heads. That’s why you are going to see heads roll.
The entire global financial system has been floating on the fumes of the US Federal Reserve’s Ponzi scheme.
So now with the Fed announcing the first tapering, and then the second, you can already see chaos engulfing the world as the Fed’s global financial scheme is collapsing. This collapse is engulfing the entire world, from Russia, to South Africa, into China and emerging markets across the globe. And the only way to stop this global route will be for the Fed to reverse course and dramatically increase QE.”‘