Forget Great Depression, the Greatest Ever is Coming Says Gerald Celente

The global economy is about to collapse into a depression worse than that of the 1930s, and its roots are deeper than the trade wars, according to Gerald Celente, editor of The Trends Journal.

"It's a big scam, it's ready to explode, it has almost nothing to do with trade wars and tariffs," Celente told Kitco News.

The "biggest depression," as Celente calls it, will probably attack after the 2020 presidential election, he said.

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Forget Great Depression, the Greatest Ever is Coming Says Gerald Celente

Comments 22

  1. Dont believe the hype. The economy will be booming during the upcoming years. Potter not selling.. Potter buying.

  2. Of course it will be more than a recession. Duh it's like common sense. How don't people pick up on this?

  3. Banks silver, food, have a source of continuous water to include battery backup , protection , when dollars collapses and it will , be ready, the Trump tax cuts and markets just a short term relief , 2021 boom , plunge time

  4. Celente is the quintessential 'Boy who cried Wolf' in that he's been making these doom predictions since the internet started becoming popular back in the late 90's. The following best describes him:

    When Solomon was a young man the Lord told him he was giving him an anointing to be the wisest man who ever lived, for all time. (1 Kings 3:12, King James Version). Many years later when Solomon was an old man, he made the statement that a fool's voice is known by multitude of words. (Ecclesiastes 5:3). 

    He also made this statement: 

    "Seest thou a man who is hasty in his words? there is more hope of a fool than of him." (Proverbs 29:20). 

    He also said the following: 

    "The words of a wise man's mouth are gracious, but the lips of a fool shall swallow up himself. The beginning of the words of his mouth is foolishness; and the end of his talk is mischievous madness. A fool also is full of words; a man cannot tell what shall be, and what shall be after him; Who can tell him? (Ecclesiastes 10:12-14).

  5. 5 min. For him to explain, what has taken me 30 years of observation, and the last 10 years to understand it.

  6. if we are not already in a recession, why does it feel like we are… We are already in a recession and when they finally acknowledge it, we would have been already for a while in the (now) unavoidable depression.

  7. Interest rates are not the problem, my interest rates stay the same. It is a demand problem. You can have all the supply you want, if you do not have demand, it's just warehouse inventory.

  8. what about Apple and saying publicly he needs to help them. collusion and insider trading,, Illegal!

  9. People live in denial. We don't believe things can get terrible again. We just don't believe it.

  10. central banks need to print the money and give it to the people and do away with banks. Until the world realizes the federal reserve is all central banks taking over the world this is only going to get worse. When is there contracts with countries up. They are independent from government hello people wake up.

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