March 9, 2009 – Gerald Celente discusses current and future trends, including strategies for survival for the coming Greatest Depression. (Radio interview follows excerpts and comments)
The game is over. And anyone that doesn’t see it is living in delusion, or they’re hopeful that the investments they’ve made are somehow going to recoup, so it’s a willful delusion.
We are moving to the Greatest Depression. The world will have never seen what it’s going to be like in front of us. It will be much worse than the grat depression.
Even though we may have some mini-booms, as forecasted by Marc Faber, the entire global financial system will continue to collapse over the next one to two years. If you are expecting traditional investments, like the holdings in your 401k to rebound anytime soon, then you’ve haven’t been paying attention to what is going on.
You’re going to start seeing everyone, baby boomers, you name it, doing a scam, trying to do whatever they can to stay alive and on their feet. People better get ready for pyramid scams.
It’s going to be very violent, very ugly. Violence during this greatest depression is our worst fear.
When people are at the end of the rope, they will do whatever they have to in order to survive. When there are no jobs, there is no food and there is no hope, what else would one expect?
We expect a massive run on banks, bank holidays, and bank closures. Do you know where your money is? Would you be able to get it when you need it?
Imagine a scenario where banks go on ‘holiday’ as they did in the 1930’s. You have rent dueÂ and can’t get access to your money. Your kids have to go to the doctor and you can’t get money to pay the bill. You need food and …..
When the ship is going down there are life boats, life rafts and life preservers. And if you’re lucky and you miss those, you’ll have a piece of debris to cling to.
There aren’t going to beÂ a lot of them. I’m a believer in gold. I keep very little money in the banks. I don’t spend a dollar I don’t need to spend. I don’t waste money. I don’t buy what I don’t need.
Time to buckle up. Save everything you can and get as liquid as possible. This is going to be a high speed, bumpy ride.