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Gerald Celente: The Sovereign Debt Crises is Not Going to End

By: Gerald Celente

Fri, 12 Mar 2010 0:20:57 CST

Gerald Celente, regarded as the modern-day Nostradamus, speaks with Alex Jones about his recent escape from the Chile earthquake and gives his global economic forecast. The trends forecaster is predicting terrorism 2012, food shortages, and systems breaking down at all levels.

Celente comments that nations are dumping stimulus money into the economy to keep it afloat. “The people that think that there’s going to be a recovery are going to be thrown out onto the streets,” says Celente. He also believes the real estate market is not recovering and advises against investing in the equity market, which undergoes manipulation through high-frequency trading.

“Jobs are not being created. They’re being lost. We’re going to see the crash of 2010. Greece is the canary in the economic mineshaft, and they’re only the small player in it.”

Celente talks about the neo-survivalism trend and how to prepare for the worst. In his outlook, he mentions the potential for another war, specifically in Iran. “If anybody invades Iran, it’s the beginning of World War 3,” warns Celente.