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titanic1

Panic of 2016 On The Doorstep

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https://www.youtube.com/watch?v=Pe9WC8ZYR4M

 

At the beginning of this year, Gerald Celente, the publisher of the Trends Journal, put out a magazine cover that predicted the “Panic of 2016.” How close are we to the “panic”? Celente says, “We are at the doorstep, and it’s ready to go. Look at gold prices. Look at how they have been going up. They are up 28% year to date. I ask people, would you buy a bond where you know you are going to get less back than what you paid for it in 10 years? Or, do you think gold prices will be higher in 10 years than they are now? That’s why you are seeing gold as the safe haven.”

 

Earlier this week hedge fund manager Marin Katusa explained that up until the recent stock market hit all the easy money flowing into the energy sector was being exuberantly spent on hookers, blow and fancy toys. Now, as oil prices hover under $40 per barrel, Katusa said more pain is likely coming and oil, along with other asset classes, are going to go "lower for longer." 

 

In a recent interview with Future Money Trends, trend forecaster Gerald Celente echos Katusa's concerns. Having accurately predicted the Crash of 2008 nine months ahead of the bottom falling out on a global scale, Celente says another panic is coming this year. 

But if you thought 2008 was bad, says Celente, this crash will be so severe it'll be one for the history books: 
...51% of the people in the United States that are employed are earning under $30,000 a year... Less than half the population is considered middle-class in America... the gap between the rich and the poor is as bad as it was at the worst times of the Gilded Age going back over a hundred years. 

So, what happens when the Panic of 2016 happens? 

The Panic of '08 helped wipe out the middle class... this is going to eliminate it to a large degree, because they're deep in debt...

https://www.sott.net/article/314229-Gerald-Celente-warns-to-prepare-for-the-panic-of-2016-says-history-will-remember-this

With gold spiking nearly $70 at one point during today’s trading, today the top trends forecaster in the world warned King World News that the global crash of 2016 will be twice as devastating as the 2008 collapse.

Eric King:  “Gerald, Stephen Leeb told King World News today that “The world is scared to death of deflation.”

http://kingworldnews.com/gerald-celente-the-global-crash-of-2016-will-be-twice-as-devastating-as-the-2008-collapse/

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