Celente: The Dollar Is Not Worth Its Weight In Paper, The Next Great Depression Lies Ahead

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He tells Russia today that the reason for the recent run up in gold is due to the devaluation of the U.S. dollar even though establishment analysts refuse to acknowledge it.

He explains that, just as with the Euro, the United States is flooding the world market with cheap dollars which is causing a de-facto evaluation of the U.S. currency.

This in turn is leading the massive increase in gold prices and has caused the dollar to not be worth the paper it is printed on.

He goes on to explain the recent track record of massive failures from three overseas illegal wars to failed stimulus packages and points to the constant failures as the reason for the loss of confidence in the U.S markets.

Finally he states that the austerity measures and spending cuts that have been put in place by today’s last minute debt ceiling deal will be the final trigger to lead the United States into the next great depression.

A Paul Drockton article further illustrates the collapse of the U.S. dollar and the smoke an mirrors being used to make the dollar appear like it has only lost 50% of its value since 2001 when in reality it has lost up to 90% of its value.

 

 

 

Categories: ECONOMY

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