Gerald Celente The Greatest Depression is still to come 18 Mar 2009

[amcanmike]

NOT GOING TO HAPPEN  WE ARE FINE

[joshstoph]

@amcanmike That's exactly what the government would like the general public to think and promote. Wait a minute...Are you a member of the government? lol

[tickyul]

Yep, this is a crumbling nation, it will just get worse and worse. The people have decided that it is best to prop up this crumbling system instead of making the needed changes that may be painful in the present but lifesaving for the future. And the ripoff Demorats and Republirats mainly care about staying in power and establishing their ideology....no matter how toxic it is. Stock up on guns, ammo and canned food.

[Origin305]

Yea, I would that ye would come forth and harden not your hearts any longer; for behold, now is the time and the day of your salvation; and therefore, if ye will repent and harden not your hearts, immediately shall the great plan of redemption be brought about unto you.

[lightcatcher3]

some kind of collapse is inevitable, and it's actually going on now for those who can see it. Gold? try eating it. Power will go to those who have food, skills, tools, housing, water, fuels ( including solar ), and a good network of friends and associates who team up to survive. If electrical grid and GPS get blown out by solar flares, ATM's won't work, many bank and real estate records will be lost. Weather changes, people will have to move on huge scale

[michaelbme]

@lightcatcher3

I live in the south, so there are plenty of rural areas I can run to when the entire system collapse completely. (I live in a moderately populated city at the moment.)

[nextlifeguitarist]

right my friend....i am buying a country house with a little field around, next is to install solar cells and panels and, before money value will fall down completely, buy a great amount of long term food...i think the worst things will begin at the end of the year with ARM mortgages..good luck man!

[Panpiper]

The 'value' of diamonds is completely artificial, with the supply of them deliberately controlled. Do NOT buy diamonds as an investment, buy gold instead. Celente is talking about diamonds here because he is being specifically asked about them in the context of what can a diamond seller do, not because HE actually advises buying diamonds.

Buy gold.

[bukakkesake]

Gold has few industrial uses and there are huge stockpiles above ground. Go for silver. No stockpiles, industrial use, still rare, undervalued

[Panpiper]

I agree that silver is a good buy. I especially like silver coinage as it can be acquired in small denominations and will hold great utilitarian value in a hyperinflation and the ensuing black market that will use real commodity money as opposed to worthless paper.

[jmitterii2]

I bought silver in the 90's, hold individual ingots 1 troy ounce increments. Bought then at $2.00 an ounce :) Spread from $2.00 to $8.00 through the '90s. I collected the silver for worse case scenario, something to barder with should currency lose its value. I'm pissed that the silver might actually come in hand, means tough times ahead :( I was hoping to pass the silver on to my kids as a novelty item.

[cramsa]

get both, and sleep at night.

[hxtrjeff]

Do you think when shit hits the fan that gold will have any value. You are mistaking on how wealth will be stripped from us all. Gold wont have the value you think it will. What good will it do when you cant find food to eat or buy. You think Kroger well still be selling food as if nothing is happening. They will be empty from luders. You will be afraid to go outside and not much safer in your house.

Hang on this is going to be a cliff drop of a ride.

I hope I'm wrong.

[Panpiper]

Even in the worst of times, farmers still need to eat, and so they will plant crops, as much as they can. The surplus they will trade, barter for the other things they need and want. And they will accept gold and silver which have been universally accepted by barterers for thousands of years in both the best and worst of times. And not just farmers will be trying to work. There will still be an economy. The only question is how much of one and do you have any gold and silver with which to trade?

[hxtrjeff]

this is true... if you can keep the other people from taking your crop. With what we have floating in the USA already... I see a much more grim situation. Sorry i guess lately im noting but a pessimist.

[Mixbloc]

howwill farmer plant food when the big bad wolf will seize their property?

[Glenn666]

@Panpiper Gold is good for wealth, but if our countrymen are rioting for food and work, what is gold going to do? A bullion would make a better weapon than currency in a hyper-inflated economy. Please correct me if I'm wrong, I love learning

[Panpiper]

@Glenn666 Wealth is meaningless unless it can be converted to other things. People 'will' trade for gold and silver, even if other people are rioting. Anyone in a collapsing world who is dealing with it by 'rioting' will soon be dead. The survivors will be the ones still producing food and other necessities, and trading with one another. And those people 'will' accept gold and silver as currency. In a hyper inflation, the 'only' currency is gold and silver, as the paper will be worthless.

[idricool]

@Panpiper Buying silver helps too. It's cheaper but it's price tends to rise faster than gold.

[relgstorm]

doh! sorry! didn't mean to 1 star your video, my finger twitched when i was goin to pause it...

[blt40]

Soon walmart will be the new Macys.

[jmitterii2]

LOL! love that!!! with the chinese master whipping all of us to row their boats. LOL!

[geneofisis]

Sad truth.

[frankyinfowars]

legend

[bluebirdsofafeather]

What is the trend of bringing back the EV car?

[Hindsight2o2o]

watch?v=CkMCVgCsxjo =0)

[hraz]

Celente is hired out by industry to predict trends. This guy must be part of some diamond association.

[TraptinurMinds]

the stone cutters ?

who keeps the martians under wraps ?

who keeps atlantis off the maps ??

WEE DO, we do

[sMC193]

WHY the fuck does all this guy wants to talk about is fucking DIAMONDS?????

[3monkeysmomma]

SMC193:

Because trends researchers look for subtle clues in order to understand what's happening and predict what will happen.

[RecoverydotGov]

cause diamond dealers probably paid him a-lot of money to ask Gerald Celente about their future. They was worried about their precious stones and this interview british dork was a front man for them asking questions for them.

[iuse2ruletheworld0]

wow ure fuckin stupid.. hes talkin about diamonds because its gonna be worth millions in the future if are economy crashes.. look at the gold rush for example, if u know what the gold rush is...

[sMC193]

bullshit the only way diamonds are going to get that high is via inflation and it will still be the same value fucktard

[black5asian]

where is your proof o.o

[sMC193]

in my head

[IAmIsNigh]

Peerless and Wanting hah; I hope you're being tongue-in-cheek; if not, you need a seeing eye dog. Everything Celente has forecasted years has come to pass--ie.price of gold has exploded 350%, banking system collapsing, real estate markets collapsed, etc; proof indeed.  America is in for the greatest econo/socio collapse in modern memory. Those prepared will have an edge but even we I fear will see our preparations stolen by the gov't and hungry masses. The only answer is to look to God--now!!

[SDavalon]

I wonder if Gerald and Peter are BFF's?

[alterntech]

What's the difference between the FED and counterfeiters? they both print money on paper and they both back the money with thin air...

[PeerlessWonder]

The U.S. economy is 'fundamentally sound' people so please relax.

This downturn is temporary and will not last. Our government is here to help us and is doing everything it can. Please do your part and ignore these people like Celente who are just fear mongers.

Relax and have some fun!

[johnnynovacaine]

You don't understand economics.

Our money is only worth as much as foreigners value it as.

If the Asians and the Arabs stop buying our bonds and dollars - our currency collapses.

Obama, Bernanke, and Geithner can print all the money they want but in 5 yrs you'll still have hyperinflation

[wanting2c2]

I agree we sould all relax and have fun! The pyramide of debt will continue to grow forever. This pyramide will never topple it is infinite. I also agree the US govn is there to help, you hve a fair and honest system just look at yr health care.

The govn doesnt lie it really believed that Saddam had WMD.

[khamdoun]

I'd like to know Gerald's opinion on how the media is trying to toss out to the public that the economy is getting better. I know it is a bunch of bs but would like to know his opinion on this since Obama's press meeting Tuesday night.

[majorcatch22]

I don't know about Diamonds. Remember 1917 Pierre Cartier bought their landmark store on 5th avenue from that sucker Morton Freeman Plant for $100 and a double-stranded natural pearl necklace valued at $1 million.

Then the Great Depression hit and that necklace became worthless. Yet today Cartier's landmark real estate on 5th Avenue is still worth millions of dollars.

I still say Celente is right. Remember Oil is priced in US dollars, so when dollar collapses, Oil will go through the roof!

[jstowe1964]

Your content rocks! Thanks! See my channel!

[drigelio8]

This is a false prophecy..Mr. Celente you want destroy America..You are a lying..

[rainycityusa]

Gerald Celente reputation speaks for itself, he has been spot on for over 20 years, he is an excellent trend forecaster. He understands fractional reserve banking and how the fractional reserve ratio went out of kilter in 1971 when Richard Nixon took the dollar off the gold standard.

Since then there has been reckless lending by banks with very little money in reserve. The banking system relies on exponential debt, fine when there are no defaults, but there are.

Too many hockey stick graphs

[greenman92553]

still with your head up your ass???

how can you shit with it on the way

[AntiBullS]

Oh yeah I bought a life time supply of sneakers shorts jeans pants jackets over 3k worth less than 290 bucks I will not buy again for a very long time

[Jasman2444]

People still got married and engaged; does that mean that the American women won't be so high maintenance from now on? Maybe things will start looking up with this depression!

[DillonX]

Isn't this the guy who predicted when oil hit $100 per barrel that it was gonna shoot on upward.

Inasmuch as he's been so wrong, why would I believe him now.

AND DIAMONDS?

NO F-IN WAY AM I INVESTING IN THEM!

[Carlstens]

Oil went on up another 50% from $100, I'd say that was shooting on up! Remember it got to $147!

[veritylane1975]

Funny how everyone is suddenly an expert at predicting what they never predicted in the first place. These people are bottom feeders.

[no2GMOs]

+1 Parisjune! Add Argentina to that list.

[crinoid1918]

everyone needs to watch the documentary

THE OBAMA DECEPTION!!!!!!

[RyRyVids]

People need to move beyond the book and look at the historical people who were involved in creating the fuckin thing. Dogma doesn't even enter into my discourse.

[DillonX]

wasn't this the guy who predicted that when Oil was at $100 per barrel it was gonna skyrocket on up?

I don't think he could've been more wrong.

[moissanitestar]

China announced today before the G-20 summit meeting that they want one global currency issued. This will be instituted through the IMF, the International Monetary Fund, the global arm of the private Federal Reserve bank. This will be implemented through China to whom we owe more than $1 trillion. Find the article on abcnews website. It's here now! Wake up people.

[DillonX]

Paris -- we have an internet now -- USE IT.

If you take the average in the USA history you will see that gold has barely kept up w/ inflation.

And if you factor in commissions (and shipping & storing -- I wouldn't buy a certificate today) - you are below inflation.

[Parisjune]

Dillon - we have history books -- USE THEM.

The price of gold in the US has been manipulated since FDR. Like I said to mvusko earlier, every fiat currency ever created by ANY government has failed. The dollar in your pocket (which has lost most of its purchasing power since 1913) is America's THIRD attempt at fiat. I will take 6,000 years of history over the past 77. If you actually understood inflation, you would own gold. Since you love the internet so much Google: Weimar Rep. and Zimbabwe.

[TTBurner]

oh oh mr celente. the Euro hit 1.6 dollar last spring!

[MarionWeller]

@TTBurner --- the Euro was design to match the dollar around 1:1. That is were it should be, if the dollar where sound. The fact that it even went down to 1.6 is already a small catastrophe. So just b/c it has recovered up to 1.3 for the moment, doesn't mean this is a good exchange rate.

[mvusko]

There are 22 some odd countries in the Euro Zone. This is the best they can do? This means the Europeans are worthless. The French waste so much money on their social programs that Romania/Croatia etc.. will never progress. Germans do this too - socialized medicine, unemployment etc... The Euro will eventually fail. Celente couldn't give solid response as to why the Euro is not higher now.

[mvusko]

now this idiot it peddling diamonds? hahaha....He's pulling from the bottom of the bucket. De beers controls the diamond trade - that's the only thing that keeps diamond prices high. Other than that diamonds are worth a little more than coal. None of what the guinea said has come true. Think about it. When people are suffering he is happy and getting off. If he had any brains he'd tell you to play derivatives - I have made 300% per month oin this awesome volatile market!!

[DillonX]

Traditionally, gold has underperformed the stock market & real estate.

It has actually, overall, barely kept up with the inflation rate.

[Parisjune]

"It has actually, overall, barely kept up with the inflation rate." Really? First of all, currencies move in relation to gold, not the other way round. Secondly, I have a 1oz Saint-Gaudens with a face value of $20 that, at one time, purchased the same goods as a $20 note. That same gold coin goes for over $1200 now. What does your paper $20 get you? A pizza night? LOL. Stock market = dying. Real estate = dying. Dollar = dying. I'll keep my coin and I'll let you sort through the trash. ; >

[mvusko]

A 100 dollar bond in 1976 yields about 550 dollars now. However, you could feed a family for a month and a half on 100 bucks in 76. So 550 dollars now has about as much purchasing power as 70 bucks in 1976. by way of purchasing power gold has lost value over the years

[Parisjune]

I'm sorry, but you have this concept backwards. The purchasing power of gold does not change, only the fiat currencies of the day. America's third attempt at a fiat currency has lost 98% of its value since 1913 and Obama is going to see to it that it loses that last two percent. If you do not own physical gold or silver, you will be destroyed financially before the end of his presidential term. I have 6,000 years of monetary history backing me up. Every fiat currency ends up worthless - always.

[sctirish1]

diamonds are a bad investment because you loos60% of its value on resale. buy gold and silver and you will not loos money but you will gain money

[suki2011]

diamonds are a bad investment because you loos60% of its value on resale. buy gold and silver and you will not loos money but you will gain money

[edmack4me]

Diamonds are semi-precious the rest is marketing in a monopoly, De Beers.

[IxianKas]

exactly

watch diamond empire from pbs if i'm not mistaken

[goodgame79]

No wants to here this garbage anymore, ain't nothing go happen!

[sMC193]

interview sucked, all this guy wants to talk about is diamonds

[bubonick23]

Celente paid 12 bucks for a suit.  That's just because he's a cheap Jew. hahaha

[mvusko]

he's "italian american" whatever that means. he wishes he was a jew. he acts like one. The jacket made in india cost about 5 pennies to assemple and 3 dls to ship. He got ripped off.

[Blackhawk11X]

LOOL good one.

[hotcloud]

Worried about the dollar collapsing, rising unemployment, stocks falling, civil unrest, food shortages?

Worry no more, for a limited period only, you can buy our maximum prescription strength rose tinted glasses, in an instant you will be on cloud nine.. DOW 5000? no, more like 50,000, don't believe me, just ask Ben Benanke, he can provide excellent testimonials.

No longer need to be a realist like Gerald Celente or Peter Schiff, however buy now before hyper-inflation takes hold.

[maxthemagition]

Gerald,

Why not allow China to buy up the toxic assets and when they default, China can then own the asset...Property....Hey presto then China can occupy that property with their people...They need accommodation for their masses and they have all that dollars of USA debt...America must pay their debt to the world and this is a way forward...Other than that America could (a) default or (b) let the dollar fall...either of these wouild upset our eastern cousins..

[SilverRose09]

China is supporting USA because it is not of Chinas' best interest for the dollar to go down. My question is until when this support will continue? I believe will be until China has already secure the real assests and commodities contracts with best interest in their favor. The longer it last the better for China.

[maxthemagition]

So the question is...what is China doing with all that dollar debts?..

One thing is for sure...they are not stupid...If I were them, I would be buying anything in dollars that is worthy and is at present discounted due to the financial crisis...e.g....Property or energy producing sectors or food producing sectors...land....But certainly not gold...it just glitters....

[jeremyemilio]

I've always thought this question was flawed. If China gets out, the dollar collapses, and Chinas savings evaporate. So it's clear China wants to stay in the dollar. They don't need convincing. The trouble is, it doesn't take a big player like China to start a run on the dollar. A much smaller player (or a few even small players) could do that. And if it happens, be certain China won't be caught holding the bag. They'll jump too; not because they want to, but because they have to.

[Clarissa2424]

max - that looks like a plausible scenerio. Who IS going to buy the toxic assets? With double digit returns I think they will be scooped up fairly quickly. We have enough billionaires made in the US for the last decade - I am sure they will get in there for the 10% gains. Warren Buffet is probably camping out to get in line first.

[guslingus]

AS soon as i meet an honest Jew who makes a living by actually creating something ill change my views...

[guslingus]

Yeah, you stick a piece of coal up Hillary Clintons arse and just say the words MONICA LEWINSKI and hey presto ..out pops a Diamond.

[RyRyVids]

Daimonds are a fucking scam! They're not rare, they're just artificially made scarce through monopolization of the market. I won't ever buy a fucking daimond... Stick to rubies and emeralds.

[AEVautomatic]

ye huge diomands should cost 5$

[Nidder1]

Yea, true enough. I saw that documentary too.

[guslingus]

JEWS AT WORK AGAIN..

[RyRyVids]

No I'm not a Jew. Actually I'm a Dutch American living in Japan. Are you reffering to Celente???

[guslingus]

No the control of the worlds diamond supply.

Im a German Australian. I work allot in the USA... I agreee with Celente about 90% Max Keiser and so on....

[RyRyVids]

OK you were talking about the daimond markets yeah? It is controlled by Jews. The Jews are scheming around the world as they always have. No wonder Hitler wanted to gas em and purge his country of their activities. It's a sad world we live in... I'm not sure how to feel about it really... I can feel a cold wind in the air though and the shallow, but growing beat of the war drums...

[guslingus]

Im lucky to have farm land and a great water supply. I actually like the idea of becoming more self sufficient and living a simple life. Spending the day watering crops and going fishing. Nothing like a good war to fix foreign debt problems.

Just blow it all away. and lend them money to fix it later.

[RyRyVids]

You think War is going to solve the good ol US of Assholes problems do ya? Think again. The only ones who really profit on the wars are the military industrialists and their cronies on wall street. The regular people fill the ranks and get slammed with more taxes, as you can see happening right now. Revolution is what I was reffering to, but you gotta be in the know to understand why I think so. Anyway, good luck buddy. I'm trying to set up my own plot of land before the fire storm comes.

[guslingus]

No i agree its the Top end boys with their Halliburton cost +20% deals that make the big bucks.

Its also a handy way to cover your tracks when places burn down and collapse and such. Can you imagine the unrest if Obama was assasinated. All the best too.

[DEMCAD]

If the divorce rate in this country is about 45% and 2/3rds of divorces are initiated by women, buying a diamond ring for women has to the worse investment that I could think of.

[calibernguyen]

lmao so true. pretty soon every one is going get a order bride lol

[RyRyVids]

Why not just skip that and buy a different fuck hole every week. Women should wake up to how they have unraveled the social order and made marriage a worthless endeavor for men.

[sinitskyd]

I think investment in paper company is a good one now. All the paper they need to print money -- demand for paper must go up.

[pwl1980]

Rather a cotton farm :-)

To my knowledge dollar bills are not paper but cotton made.

[RyRyVids]

I heard that dollars are made of Iraqi baby skin.

[Mongodelight]

nice idea

[Nidder1]

Wrong. They'll be moving to a cashless society. The 'printing' of money usually entails no more than a keyboard entry in many cases. At this point int he manufactured recession, they are extracting dollars from society.

[starlitopensky1]

I don't personally give a rat's ass about diamonds. And they can supposedly be made in a factory.

[Hopefl1]

It is conservative people like Gerald that America needed to run our economy. I have watched others who know how to spend wisely.

[formulaprimer]

They are still talking about paper gold. They actually don't have the gold in storage. So they will go broke along with every other paper gold ponzi schemes. Buy physical gold and hold on to it.

[pinkfloydmoon]

Diamonds are only a semi-precious mineral .

They are expensive only because of the smart marketing strategy and regulation

Diamonds may be a womans best friend however the people that buy them are being ripped off .

[thirstybullet]

Folks, I implore you to get ready. The US is irreemably destroyed. get your supplies ready. it will save your life.

[chingon711]

i totally agree with mr. celente as far as precious metals going up in value. BUT in a country facing civil unrest, food riots and unprecedented homeless crisis, diamonds WILL NOT save you from taking a bullet to the chest. a better investment is food, water and ammo. diamonds will not protect you or your family from a home invasion.

[thirstybullet]

...... unless you put the diamonds in a muzzle loader ??

[wilsonpwt]

Codex Alimentarius (World Food Code)does not get near enough attention. Codex Alimentarius represents the single largest threat to our health and freedom. We are talking about control of our food supply and the banning of vitamins and herbal supplements. If we let this happen, it will matter more than money.

Paul Turner

[thirstybullet]

the codex is the preliminary legislation for citizen food control. All hail soylent green !

[poweroftheglory]

Diamonds are a bad investment. Stick with PMs.

[joel1923]

Agreed-diamonds are too plentiful to be a good investment.

[thirstybullet]

the only thing diamonds will be good for is slingshot ammo........

[mikeiswylde]

Gerald rules