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.
people should be scared to death of deflation. And it’s
more than oil prices that are deflating. According to the
Bloomberg Commodity Index, commodities have now plunged to 1991
levels. Eric, this deflation is really a global depression….
Celente continues: “We
are now looking at the Panic of 2016 and the second round of what has
been politely called the ‘Great Recession.’ And for many
countries it’s going to be a full-blown depression. That’s
why prices are plunging across the globe, along with worldwide stock
I have been saying on KWN for quite some time, “When
panic strikes, gold prices will spike!”
The kind of massive surge that we saw in the price of gold today,
that’s what you are going to see more and more of in the coming
months. The bottom line is, despite occasional pullbacks, the
trend for gold is higher as panic continues to sweep across the
headline in today’s Financial Times: ‘Europe Bank Shares
Stage Rebound.’ What rebound? Just look at what I
said yesterday on King World News.
Part of what I said was that this talk about a bank buyback is BS and
gold prices were going to surge.
banks are in deep distress. The banks are exposed in all these
areas that are collapsing. That is why this deflation is
turning into a global depression.
Global Crash Of 2016 Will Be Devastating
predicted the Panic of 2008, but I’m telling you now, Eric,
that the Global Crash of 2016 is going to be twice as
devastating as the one in 2008. The central bankers of the
world have built up a massive debt bubble of over $225 trillion, and
now the bubble has burst. The damage will not only rattle
global markets, it’s going to hit everyone. And the chaos is
going to spread wide and far. People better prepare for this.
They better learn how to survive and prevail.”