Gerald Gelente — 2017 Predictions-MSM Gone and Financial Market Panic Coming

GERALD CELENTE

Gerald Gelente — 2017 Predictions

Today’s economic and financial crisis originated in the rich world particularly in the USA. It has been called a financial meltdown, storm or credit crunch. Credit crunch is an economic condition in which investment capital is difficult to obtain. It meant that there was hardly any credit available for investors. Of course this condition is a chronic problem in poor countries and this is why when we speak about the current global financial crisis to a poor person, the question he or she will ask is “what crisis?” The poor, on the other hand, have been living in crisis for centuries. For the rich countries, it created panic and was seen as the worst in recent years and was compared to the 1930 great depression. In other words it was a big crash or a bust…

How did this happen? First and foremost, free market capitalism creates its own crisis. The fallacy that markets can regulate themselves has now been exposed as false. Mr. Allan Greenspan the former Chairman of the US Federal Reserve Bank and a staunch believer of free market has also admitted that markets cannot regulate themselves. The system created a global casino system which rests on virtual wealth. Finance has been detached from real economy. The Indian economist C.T. Kurien uses a metaphorical definition of two planets namely, “Planet Finance” and “Planet Earth.” Secondly, new financial instruments and institutions were formed to manage this unjust and unfair system that punishes those who produce real assets and rewards those who do nothing except to speculate. Usury has been legitimized and institutionalized. This system has created financial bubbles that have bust.

According the Chicago Fed, the economy is not robust and growing. The US government fakes the retail sales numbers. Former CEO of UBS says the central banks are at a point of no return. The global ban on cash is not over, the central bank is pushing for an interest rate hike which signals the beginning of the crash of the economy. The TPP is dead and China is making deals with nations looking for a trade deal.

The AGAPE background document at the WCC’s Assembly in Porto Alegre (2006) warned against dependence on deregulated financial markets. Economists such as Korten identify the failure of Wall Street institutions that have perfected the art of creating “wealth” without producing anything of real value. Korten sums this up as creating phantom wealth. His hope is not in Wall Street but on the Main Street..What is this virtual wealth that has caused the crisis?

Like all previous cycles of booms and busts, the seeds of the subprime meltdown were sown during unusual times. In 2016, the U.S. economy experienced a mild, short-lived recession. Although the economy nicely withstood terrorist attacks, the bust of the dotcom bubble, and accounting scandals, the fear of recession really preoccupied everybody’s minds.

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According to 2016 news reports, financial firms and hedge funds owned more than $1 trillion in securities backed by these now-failing subprime mortgages – enough to start a global financial tsunami if more subprime borrowers started defaulting. But even this large move was only a small affair in comparison to what was to happen in the months ahead.

The financial crisis of 2015-16 has taught us that the confidence of the financial market, once shattered, can’t be quickly restored. In an interconnected world, a seeming liquidity crisis can very quickly turn into a solvency crisis for financial institutions, a balance of payment crisis for sovereign countries and a full-blown crisis of confidence for the entire world. But the silver lining is that, after every crisis in the past, markets have come out strong to forge new beginnings.

RELATED : During The Coming Economic Crisis Two-Thirds Of The Country Will Be Out Of Cash Almost Immediately. If You Don’t have An Emergency Fund You Are In Danger Of Losing Everything.

The financial crisis happened because banks were able to create too much money, too quickly, and used it to push up house prices and speculate on financial markets.

Around 31% went to residential property, which pushed up house prices faster than wages.
A further 20% went into commercial real estate (office buildings and other business property)
Around 32% went to the financial sector, and the same financial markets that eventually imploded during the financial crisis.
But just 8% of all the money that banks created in this time went to businesses outside the financial sector.
A further 8% went into credit cards and personal loans.

After the crisis, banks refuse to lend, and the economy shrinks
Banks lend when they’re confident that they will be repaid. So when the economy is doing badly, banks prefer to limit their lending. However, although they reduce the amount of new loans they make, the public still have to keep up repayments on the debts they already have.

The problem is that when money is used to repay loans, that money is ‘destroyed’ and disappears from the economy. As the Bank of England describes:

“Just as taking out a new loan creates money, the repayment of bank loans destroys money… Banks making loans and consumers repaying them are the most significant ways in which bank deposits are created and destroyed in the modern economy.”

So when people repay loans faster than banks are making new loans, it’s like draining the oil from the engine of a car: the economy slows down and prices decrease. As a result the economy risks slipping into a ‘debt-deflation’ spiral, where wages and prices fall but people’s debts do not change in value, leading to debts becoming relatively more expensive in ‘real’ terms. Even those businesses and people that weren’t involved in creating the bubble suffer, causing a recession.

Celente goes on to predict, “We’re forecasting the economy is not going to rebound with the economic proposals that are in place now. . . . The global situation has created an environment for financial panic. The financial panic conditions have been in place for quite a while. What Trump’s victory has done is played it off for a little bit possibly, but on the negative side, you still have the debt and interest rates going up and the debt that has to be paid. On gold, we believe right now is near its bottom.”

The collapse can transition to this stage at any time . Most of the middle class have lost everything. What used to be well manicured middle class neighborhoods are filled with the carcasses of empty houses damaged and destroyed by vandals. The power grid becomes unreliable. Rolling blackouts are a daily occurrence. Now the economy collapses. There is a rush for everything and the shelves go empty in a matter of hours. Society falls into chaos. The control of urban areas shifts when violent gangs takeover control of the streets and urban neighborhoods. Everything is in short supply and heavily rationed. Food and gasoline is very expensive and there are very long lines to get them when they are available. You will discover what it is to live in a third world country.

It’s a massive guide that will save you a ton of time trying to do all the research on this stuff on your own and it’s all in one place.
Highly recommended if you want to master the shortcuts to surviving when modern conveniences aren’t an option.

How to Prepare For An Unthinkable Crisis!

There is still time for you to prepare, but you have to start learning how to make your own survival foods as soon as humanly possible. The best way to do it is to get the inside scoop on how to do it right. Fortunately, there is a way to get twenty years worth of The Lost Ways. This new food storage system is called The Lost Ways. You do not need a lot of expensive equipment to store foods for a crisis using the methods taught here. Even better, The Lost Ways pays for itself quickly as you begin to put away garden produce or even meats that you buy on sale. For most folks it’s simply the biggest bargain of their lives. You can finally become self-sufficient and any extra money saved in food expense goes right back to your pocket. Frankly, at the end of the day, The Lost Ways actually makes you money! What’s more, the videos take you by the hand, step by step, through the entire process of “putting away” almost any food you can think of. It’s very much like having a food storage professional right there with you every step of the way.

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Other useful resources:

The Lost Ways (Learn the long forgotten secrets that helped our forefathers survive famines,wars,economic crisis and anything else life threw at them)

Survival MD (Best Post Collapse First Aid Survival GuideEver)

Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )

Family Self Defense (Best Self Defense Strategies For You And Your Family)

 Survive Any Crisis (Best  Items To Hoard For A Long Term Crisis)

Survive The End Days (Biggest Cover Up Of Our President)

Drought USA (Discover The Amazing Device That Turns Air Into Water)

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