Today top trends forecaster Gerald Celente spoke with King World News about the frightening trends he sees for 2013 and 2014. Celente also discussed who the new enemy is, and what to expect from gold and silver. Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world.
Here is what Celente had to say in this exclusive interview: “I see oil prices continuing to go up, even though demand appears to go down. Everyone knows what it feels like when you put the nozzle in your gas tank and you see the numbers running at the pump. That’s a very strong indicator also of consumer sentiment because they (consumers) feel it virtually every day. If you look at the 12 month price chart of gasoline we found something very interesting. In September it hit right near its high.
And then from the September to the end of November, just before the Presidential election, it was a straight shot down. Then, you look at it (oil) from the end of November to now in February, it’s a straight shot up. So we’re not saying anything was manipulated, but this looks awful suspicious to me….
“There is a currency war going on. History is repeating itself. People don’t realize what really happened during the ‘30s. They hear the high school version of World War II. What happened was in the early 1930s Japan took itself off of the gold standard and began to devalue its currency.
They wanted to devalue their currency so their products would be a lot cheaper. They (Japan) devalued their currency to such a point that it fell over 60% against the dollar, and over 40% against the pound sterling. Then you had trade wars heat up. People hear the stories about how Japan was cut off from natural resources, and then you had World War II.