Gerald Celente Explains Why AMERICA Is Entering A Horrific Financial Crisis

In the video, Gerald Celente, reflects on the change in banking and savings habits over time. He notes that in the past, people would put their extra money into savings accounts and earn interest above the inflation rate, allowing them to retire comfortably. However, this concept is no longer possible in the current economic climate. He attributes this change to the policies put in place after the recession of 2000, specifically the lowering of interest rates to 46-year lows, which created the housing bubble and other financial bubbles. The only thing keeping the economy alive is the trillions of dollars of worthless money that the federal reserve has been injecting into the system. The speaker also mentions how people are being forced to gamble in the equity markets due to the low-interest rates and how this is unsustainable in the long term. He also notes how the emergence of emerging markets is due to the cheap US interest rates and how this bubble will pop as interest rates rise. He concludes by discussing how the economy is controlled by Wall Street and how the average person is struggling with no money and no life. Gerald Celente is an American trend forecaster, publisher of the Trends Journal, business consultant, and author who makes predictions about the global financial markets and other important events.