But first, here is a small portion of what Celente had to say about the global economy and gold: “It’s not only Germany (who’s gold is missing), it’s the United Sates, it’s all of the countries. Nobody knows what’s in Fort Knox. They won’t let anybody in. Where’s the gold in the United States? How come we can’t go in and look in Fort Knox?”
“How come the people can’t have a reading? How come we can’t look at it? How come politicians can’t get in there? How come no one can get in there? The gold does not exist. All this does is confirm what so many of us already know, ‘The Emperor has no gold.’
So they are going to do everything they can to keep driving down the price of gold. “They are going to do everything they can to keep it low. And as James Turk pointed out, they were talking about the gold swaps in the Fed minutes from the 1990s, and they are not supposed to be doing that.
So they are going to do everything they can to keep the price of gold down, but I’m in it for the long-term and their games are only going to last so long. Here is my prediction, I believe at some point there is going to be a new reserve currency, and gold is going to be part of that standard.”
Celente also added: “What do they keep doing over in China? They keep lowering interest rates, keep dumping money into the economy to keep juicing it. Look at the news coming out of the European Central Bank, ‘Indefinite buying up of worthless bonds.’ Where are they getting the money from?
The more they print, the more the currency becomes debased and devalued. Look what’s going on in the United States, neither of the candidates are talking about the fiscal cliff. There’s no end in sight of the damage that’s going to be wrought from the failing economies. They are failing around the world.
You keep going around the world, only a couple of million people taking to the streets in Spain, Portugal, Greece, virtually every week. They have no food, no houses, no nothing, thrown out into the streets. The banks have no money. All they are doing is printing more digital money and keeping this Ponzi scheme going. Can’t people see what’s going on? The entire financial system is collapsing.”