 (The Jeff Rense Program April 9, 2009) Gerald Celente, the Master of Trends and Founder of the Trends Research Journal, discusses media clowns, false flag financial rallies, government intervention and more.
(The 4 Part Interview follows the comments and excerpts below)
Celente: The experts who have told us nothing of what was coming before are now telling us that they see green shoots of prosperity. First Bernake said that. And now when you turn on the media or anyone that’s repeating where they see the economy is going they see green shoots.
Rense: It’s Gangrene
Celente: Yeah, the Trillions they’re dumping into the system, of course there’s going to be some type of stimulus. There’s no allotropic drug that cures a chronic degenerative disease, but it will relieve the symptoms for a while.
We may be in a financial market rally right now, with the global markets up around 25% in just the last 5 weeks – but the smart money is betting on a re-collapse of the system. What we are witnessing right now is temporary relief of the symptoms. But when the meds wear off, the pain is sure to return.
Gerald Celente: The economy - we’re going to have a false flag recovery. As you well know with these unemployment numbers coming out – I believe the total unemployment figure is 17% now when you add in the discouraged workers, people that are no longer receiving unemployment benefits and people working part time. so we’re going to start seeing levels that rival the Great Depression.
Jeff Rense: When you factor insome of the other things,not the least of which are these very concerning stories that farmers are not going to plant like they usually do for a number of reasons. We’re going to have a diminished food supply this winter.
As more bad news continues to come out, the bad news will overwhelm the good news and we may very well see a re-collapse of the system. 650,000 people per month being added to unemployment lines with no end in sight is most certainly not a sign of recovery.
Jess Rense: When is the gangrene, I mean green shoots supposed too…
Gerald Celenete: This is the thing we are trend forecasting that’s very important. And, this is why we say no one can predict the future because you never know what wild cards they’re going to throw on the deck. In our wildest imagination we never would have thought that they would have turned the country into a fascist country in taking our money and robbing us blind in such huge amounts and at such speed… You cannot predict such criminal activity in broad daylight.
Having said that, they’re stalling what we thought would have happened quicker. We would have believed that by now people would have felt much deeper than they have now. But they keep flooding the system with cheap money…
The other thing that happened last week that most people never saw was that little reported financial accounting standards board – this mark-to-market thing as it’s called. They’re now allowing that banks can set values to their own toxic assets. so whatever junk that they’re holding, they can make up whatever number they want. So now you’re going to start seeing banks report these huge earnings.
That’s going to con people back into the game….
The markets also went up on the great news that 20,000 people less than they anticipated had filed for unemployment.
It’s a rigged game.
Will there be a time at some point in the future that we’ll actually start interpreting the news for what it is, rather than what ‘they’ tell us it is? We are reaching a breaking point, and anyone who has assets in the financial markets expecting a recovery will be wiped out. Bob Chapman, of the International Forecaster, calls this The Big Sting II.ÂÂ
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