Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world. Here is what Celente had to say: “What’s shaking out is that the European Central Bank, in their arcane language, has basically said, ‘We are going to buy up all of the worthless sovereign debt that Italy, Spain, Ireland, Portugal, and any other country in the eurozone that gets in trouble, we will continue to buy up that worthless debt.’ Now where are you going to get the money?”
“‘Well, we stole it all from the people already through austerity measures. They don’t have much to give us anymore. I tell you what we’re going to do, get those printing presses rolling. That’s right, heat them up and let them go.’ They said they are going to do it continually to keep propping up the falling eurozone from collapsing.
You can listen to the French President, Hollande, and the British Prime Minister, Cameron, even though the UK is not in the euro, they are pushing for more worthless bond buying as well….
“So as long as they keep printing money abroad, and at home, gold prices keep going up.
You look at the jobs being created, they are poverty level or barely making it level jobs. What you are going to see at all levels is lower wages. So regardless of whether the prices are going up, wages are going to keep going down, and it’s going to cost you more to buy whatever you need.
So what are they doing in the states? They are all talking QE3. It’s all getting ready for the elections. So what they are going to do is they are going to do their best to make things look good before the election.
They are real concerned about an October surprise. An October surprise, not necessarily terrorism, but a financial crisis. This thing is unraveling worldwide. Now they are talking about going back on the gold standard. Just talking about it.
But even that they are talking about it is significant. I believe, depending on what happens on Thursday (with the German high court decision), if there is a crisis in Europe, I think you are going to start hearing more and more about a gold standard.”
Celente also added: “They (central planners) are going to destroy the money, and they are going to do everything to try to keep the gold and silver markets down. You see what’s going on in India, how they are making it more and more difficult for people to buy gold because the rupee is collapsing.
So the governments around the world are going to do everything they can to stop people from buying (gold). Anything could happen at any time. There are a lot of wild cards, and in a wild card environment like this, I want gold and I want silver. And I have to tell you, on Friday, I just bought (gold) again.”