Founder of the Trends Research Institute Gerald Celente discusses how conditions of this recession are similar to post-World War recessions.
Celente points out that currency wars are already happening and trade wars are heating up. “Seven of the last recessions were preceded by spikes in oil prices,” he says. Celente believes a war with Iran would trigger the beginning of World War 3.
The trends forecaster is invested 80% in gold. He expects the stock market to keep up as long as the Fed continues pumping cheap money into the system.
Gerald Celente is founder and director of The Trends Research Institute, author of Trends 2000 and Trend Tracking (Warner Books), and publisher of The Trends Journal. He has been forecasting trends since 1980, and recently called “The Collapse of '09.”
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