Celente: “Economic 9/11” Terror Strike is Coming

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    Gerald Celente - Press photo: Trendsresearch.com
    Gerald Celente – Press photo: Trendsresearch.com

    The first shots of the “Economic 9/11” terror strike we warned of in our 19 September Trend Alert have been fired. Equity markets across the globe are in turmoil and economies are sinking into recession, declining and/or stagnating.

    October 24 Trend Alert by Gerald Celente, Trends Research Institute

    No clearer example than China. Not only has the world’s second largest economy’s growth slowed to Panic of ’08 levels, the Shanghai Composite Index, down some 30 percent, keeps falling despite top government officials, regulators and bank heads who try to talk the market up … and prop it up by its National Team that has an established history of buying up equities to stop the selloff.

    And while China’s markets are tanking and its growth slowing, with a debt-to-GDP ratio of 300 percent, it’s drowning in debt … as is much of the world.

    With some $250 trillion in global debt, much of it dollar based, nations whose economies, markets and currencies are declining, cannot bear the debt burden of progressively rising U.S. interest rates. The higher U.S. rates rise and the lower their currencies fall, the heavier the cost burden to service the debt.

    Indeed, beyond China and the ballooning debt bomb, financial markets across the globe are experiencing severe volatility. And now, warnings from top financial institutions, hedge funds and equity groups are acknowledging the economic dangers that lie ahead.

    The pan-European STOXX 600 is near a two-year low with nearly half of its stocks now in bear-market territory — down 20 percent from their peak. Germany’s DAX has fallen to late 2016 lows, while London’s FTSE is down near April lows. Even the U.S. is feeling the “Economic 9/11” effects with 40 percent of the S&P stuck in bear territory.

    And now, with Rome on a collision course with Brussels over its budget, both the EU currency and the union’s stability are at risk.

    On the Emerging Market front, the MSCI Emerging Market stock index has tumbled nearly 25 percent from its January peak.

    TREND FORECAST

    Get ready for an “9/11 Economic” terror strike that will not only crash markets and economies worldwide… prepare for devastating fallout that will dramatically escalate geopolitical volatility and destabilize the social order.

    Tensions in the Middle East will escalate as the U.S.-imposed oil embargo against Iran takes effect 5 November, adding to geopolitical and economic risks.

    On the market fronts, the Trump Rally, which was boosted by a corporate tax rate cut from 35 to 21 percent that incentivized corporations to buy back their stocks at a record-setting pace of an estimated $1 trillion, has peaked. Corporate earnings are below expectations and rising interest rates are adding downward pressure.

    As geopolitcal tensions rise and economies and equities begin to melt down, gold, the ultimate safe-haven asset, will heat up. Over the past year we have forecast the downside of gold was in the $1,200 per ounce range. And now with the first shots of an “Economic 9/11” having been fired, gold is hovering around the $1,230 mark.

    Further, we maintain our forecast, that when gold reaches the critical breakout point of $1,450 per ounce, it will spike to $2,000 and higher.

    Trend Alert by Gerald Celente, Trends Research Institute

    3 KOMMENTARER

    1. Denna artikel hade felaktigt märkts upp som TV Helse. Självklart var det fel. Artikeln är återpublicerad av NewsVoice.

    2. Scott Creighton på nomadiceveryman.blogspot har en trolig teori till hur veckans fake-brevbomber hänger ihop med den imploderande ekonomin.

      “Wall Street Collapsing and the Deficit EXPLODING… but WAIT! Here’s a Story About (fake harmless) BOMBS to Distract You!”
      http://nomadiceveryman.blogspot.com/2018/10/wall-street-collapsing-and-deficit.html

      Han har även en hel del intressanta teorier kring de verkliga orsakerna till MSM:s Khashoggi-psyop och även här handlar det som vanligt om ekonomin.

      “Beyond Stupid: Offical Version of Khahoggi Killing is Even Dumber Than Skripal Psyop”
      http://nomadiceveryman.blogspot.com/2018/10/beyond-stupid-offical-version-of.html

      “Why the Sudden Universal Turn Against MbS? Here’s your answer”
      http://nomadiceveryman.blogspot.com/2018/10/why-sudden-universal-turn-against-mbs.html

    3. Celentes above Trend Alert was disseminated on the web on October 24.

      Today Oct 26 he writes in another Trend Alert:

      “On Wednesday, the Dow plunged over 600 points. Falling into correction territory, the tech-heavy Nasdaq posted its worst day since 2011.

      On Thursday, stocks roared back, recovering some of the losses on better- than-expected corporate earnings reports from a handful of companies.

      Today, the S&P 500 has dropped into correction territory, and in early trading, the Dow and Nasdaq have given up yesterday’s gains .

      The selloff was ignited by tech-giant Amazon’s shares plunge that puts the Nasdaq on pace for its worst month since October 2008, the onset of the financial crisis, having lost more than 10 percent month-to-date.

      The market meltdown has accelerated with fears that economic growth is slowing globally … a trend that we had long noted that the moronic main stream media blames on a tariffs and trade wars while ignoring the basic fundamentals: “It’s interest rates, stupid!”

      With some $250 trillion is global debt and with the U.S. dollar getting strong and currencies getting weaker … from government debt, to corporate collateralized loan obligations (CLOs), to consumer debt … the higher interest rates rise, the higher the cost of servicing the debt.

      And now, with interest rates rising, especially in the U.S., equities markets and economies that got their cheap money super high from their central banksters’ monetary heroin fix, are about to crash.

      On the global stage, in China, the world’s second largest economy, growth has slowed to Panic of ’08 levels; the Shanghai Composite Index, down some 30 percent, keeps falling despite the government’s National Team’s intervention to buy up stocks to prop markets up.

      Across European markets, slowing economic growth, the effects of higher U.S. interest rates and Rome’s battle with Brussels over its budget, which threatens both the European Union currency and its economic stability, are driving markets lower.

      The FTSE All World index is down 7.3 percent this month, its worst performance since the peak of the 2012 eurozone crisis.

      On the Emerging Market front, the MSCI Emerging Market stock index has tumbled nearly 25 percent from its January peak.

      Asia stocks lost $5 trillion this year and the MSCI Asia Pacific Index has plunged into bear territory.

      TREND FORECAST: Ascending from the growing economic and equity market turmoil is the price of Gold. As we have long forecast, as equities begin to melt down, gold will heat up. Over the past year we have forecast the downside of gold was in the $1,200 per ounce range, which it has fallen to.

      And now, with the first wave “Economic 9/11″ strikes hitting equity markets and economies hard, gold is at the $1,240 range. When gold reaches the critical breakout point of $1,450 per ounce, we forecast it will spike to $2,000 and higher.”

      Source: https://mailchi.mp/trendsresearch/trend-alert-as-forecast-a-global-economic-911-has-arrived-are-you-prepared?e=b97fdc0f48

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