Gerald Celente on Wall Street

Gerald Celente – Today The Elite’s Propaganda Machine Choked In Front Of The Entire World

http://kingworldnews.com/broadcast/

The top trends forecaster in the world told King World News that a stunning event took place today the elite’s propaganda machine choked in front of the entire world.  This interview takes a trip down the rabbit hole of government propaganda, lies, and grand deception, as the public is constantly misled by the elite’s massive propaganda machine.

Gerald Celente:  “Here’s the headline from CNBC on Friday morning:  ‘Dow Jumps More Than 150 In Open As Street Digests Yellen’s Speech.’  Well, the big news was that she couldn’t finish the speech — she started coughing and ended the speech rather than finishing it

 “So on the news that the Fed might raise rates, that was the excuse for the jump in the Dow.  But this doesn’t make any sense to any thinking person.  Because what Wall Street is saying is that Yellen’s comments last night put it on track for a rate hike this year and that’s positive for markets

How could that be positive for markets?  Look at the global economy because that’s what the Fed said was the reason why they weren’t raising rates last week.  They were concerned about the slowdown of the global economy.

Let’s put this into perspective.  The only reason why the global economy grew was because of all the quantitative easing and the record low interest rates that the Fed juiced into the global economy following the panic of 2008.  They called it the carry trade.  It was very simple:  Corporations and countries borrow dollars very cheaply, and then they invested those proceeds in higher yielding assets denominated in local currencies in foreign nations.  But now all that money has to be paid back.  For example, it’s estimated that China has a carry trade of around $2 trillion.

But now let’s think for a moment.  All these currencies that are hitting new lows around the world such as the Brazilian real, Mexican peso, the Australian dollar that’s lost 20 percent in a year, the Canadian loonie which has fallen to 2004 levels, Turkey, Malaysia, name the place and you are seeing currencies and commodity prices plunging.

The Presstitutes – Hard At Work For Their Elie Masters

Now the Fed is going to raise rates and that’s good news?  The presstitutes say a rate hike is positive for the markets?  Well, this is the deal.  Remember the carry trade because if rates are going up and currencies are going down, they are going to have to pay back their debt as the dollar goes up and their currency goes down.  So now they are deeper in debt.  This sinks the global economy even lower.

Going back to CNBC, ‘Dow Jumps More Than 150 In Open As Street Digests Yellen’s Speech,’ I guess they like to digest crap because that’s all they are spewing out and maybe that’s why Yellen couldn’t cough it out at the end of her speech.

Volatility Skyrockets As The Global Economy Unwinds

We’re seeing volatility we’ve never seen before.  Oil prices are down 2 to 3 percent one day and then they are up 2 to 3 percent the next day.  The Dow is down 1 to 2 percent one day and then up 1 to 2 percent.  This is also true for the Nasdaq, the DAX, the FTSE, the CAC, and Shanghai to the Nikkei.  Look around the world — we’ve never seen volatility like this.  

That’s why Yellen is coughing, because she can’t cough out the truth and the truth is that the global economy is unwinding and they don’t have a clue what to do.  This is unprecedented in world history, Eric.  So they don’t know what they are doing.  That’s why Yellen is coughing — because she’s choking!  She choked in front of the whole word!”