-- Posted Thursday, 17 November 2011 | | Disqus
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Chris Waltzek: Well, I’m so glad you’re back with us at GoldSeek.com Radio for another Gold Nugget segment. Today’s special guest, Gerald Celente, from The Trends Research Institute.
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Well, in recent weeks, the MF Global scandal caught many investors off guard and reports indicate that over 100,000 investors will lose most, if not all, of their account value with virtually no warning. My next special guest says his funds evaporated with the rest. Gerald Celente is Director of The Trent Research Institute. Welcome back, sir.
Gerald Celente: Hey, Chris. Thanks for having me.
Chris Waltzek: We should set the stage here, Gerald. You know, Jon Corzine, head of Goldman-Sachs a few decades earlier, took over the reigns of MF Global. The idea was to sell MF Global over a weekend. The whole thing fell apart when investors started to thumb through the financials. They discovered that MF Global had been mixing its funds with investors’ accounts and, of course, that’s a big no-no in the industry. Please tell us about the margin call you received from Lind-Waldock.
Gerald Celente: Right. Lind-Waldock used to be the firm I used to trade with. They were bought out by MF Global. And I got a call last Monday and they wanted – had a margin call and I had contracts coming up for delivery. Now, let me make this very clear. I buy for possession and I buy, you know, through – I buy coins through dealers and I buy bullion on contracts, so I buy a futures contract. And so, when I build up enough money, I take delivery on that contract. And I had a contract coming up due in December and I got a call that I needed more money to back my margin on my contracts, and I had plenty of money in there because I was going to take delivery. So, my account was – well, my account was whole to take delivery on what I was going to be buying. And I said, “You have to be kidding me.” He said, “No.” He said, “The trustees decided to take the money out of the accounts and put it in the hands of a trustee.” I mean, who are you kidding? What, am I six years old? So, they took my money. They – my money’s supposed to be in a segregated account. It’s like going into any bank and taking your money out of your savings or checking account and that’s what they did and I can’t get it back and they closed out my positions – a couple of my positions because I refused to send them more money. They stole my money and they won’t give it back! Corzine, by the way, you remember that guy, the Dominique Strauss-Kahn, they had a perp walk? Oh, yeah, right. They could never find him again. It happened. I remember when it happened. It happened over a holiday weekend when there was nobody around at 3:30 in the morning.
Chris Waltzek: You know, Gerald, a lesser known fact is that Chris Flowers, the financial rocket scientist, was Corzine’s right hand man at MF Global. Folks will remember he’s also a Goldman-Sachs alumni.
Gerald Celente: Let’s put it all together. Who’s the guy that just took over Italy over there? They call him “Super Mario” Monti. How about “Three Card” Monti? He’s a former advisor to Goldman-Sachs. You go on Wikipedia, a member of the Trilateral Commission; a member of the Bilderbergs; and the media’s pumping it up like a brilliant technocrat is taking over. The banksters are taking over. You know what we should call this country and all the rest of ‘em? Government-Sachs. Look at the guy that just took over in Greece. He’s a former Vice President of the European Monetary Union, who’s also the former head of the Greek Central Bank. And let’s stop calling these guys bankers. Let’s start calling ‘em by their proper name – loan sharks.
So, what I’ve been doing and I’ve been saying – and I’ve been saying it over and over on your show – gold, guns and getaway plan. GC’s three Gs – Gerald Celente’s three Gs. Again, you know, people saying, “Oh, Celente got duped by MF. Oh, he’s always talking about possession.” Because the whole system is collapsing.
Chris Waltzek: And let’s also point out that you have taken physical possession on funds.
Gerald Celente: Over and over. I buy coins, I buy bullion, and this was one of my deals. I didn’t have – you know, I have enough money that I buy a future and keep putting into the future until I have enough to take delivery, just like they do with commodities. Just like airlines do with oil. So, I didn’t know I had a criminal operation in there, the Corzine crooks. I would love to see, you know, Mayor Bloomberg close down that occupy Wall Street because of the unsanitary conditions that’s piled up to your eyeballs. But, he’s a member of the white shoe club, the billionaire, Bloomberg. And where was Corzine from? Goldman-Sachs. Who was the head of the Treasury Secretary under Clinton that killed the Glass-Steagall Act and let the banks become these criminal operations? Robert Rubin. Where was he from? Goldman-Sachs. Who was the guy under Bush that brought us TARP and stole all our money to give it back to Goldman-Sachs? Forget the Rothschilds. Oh, and, by the way, they deserve to be in charge because I heard – I heard Blankfein say he’s “Doing God’s work”. So, it all figures out. We’re just, you know, with Blankfein “doing God’s work” and all the Goldman gang, you know, on top of running all the countries around the world, and they’re getting away with it because Washington is owned by Wall Street. Italy is owned by Wall Street. Greece is owned by Wall Street. Bankers are in charge. The loan sharks want their money and they’re going to get it. They call it austerity measures, they call it higher property taxes, higher school taxes. They will squeeze every nickel out of you unless you stand up and fight.
Chris Waltzek: Well, let’s return to gold, if we could, sir. On track here to record it’s 11th consecutive winning year, the metal was already higher by, roughly, let’s say 20 percent. In fact, gold is still the top performing metal in the Standard & Poor’s GSCI index of 24 commodities. Compared with the stock market return of only around seven percent, treasuries, eight or nine percent this year, gold and silver, head and shoulders above rivals.
Gerald Celente: I’m totally in gold and silver, mostly gold. I’ve got silver as a hedge because I’m concerned they may do something to regulate the price of gold. They’ll blame gold on the failure of the economic system. Look. Look what’s going on over in Europe. Look at the treasury yields. They’re going through the roof. And at they’re at levels in Italy that caused the collapse in Ireland, Spain, Portugal and Greece. You know, they’re over seven percent. And what’s the solution? Read it. Read every one ‘em. The ECB should be printing more money. Oh, great! Wonderful idea! Print more cheap, that’s it! That’s the way do it. Just keep printing money and that’s what they’re doing. So, to me, and I’m only speaking for myself, I don’t want any of my money in toilet paper called Euros or dollars because they’re de-valuing our currency in front of our eyes. The only way that they could salvage this Ponzi scheme, to keep it going, is by printing more money to put it in the system. Again, those are not my words. You look at what’s going on. You look at every two-bit commentator, the experts, are advising the European Central Bank to keep printing more money.
Chris Waltzek: Well said. The ECB surprised folks by lowering rates. That’s right in line with your point here. And then, the Fed, of course, a recent FOMC meeting, actually alluded once again to QE3 as still on the table against the backdrop of impossibly low interest rates until 2013. That sounds like the perfect recipe for inflation and maybe even hyperinflation.
Gerald Celente: Yes. Well, you see what it is, though. It’s hyperinflation in a funny way. It doesn’t necessarily mean the price of the commodity goes up; it’s the value of your currency goes down. So, for example, if you lived in Zimbabwe and you want to buy a pound of coffee, the price of coffee hasn’t gone up. And that’s what they’re doing here and that’s what they’re doing in Europe. So, it’s kind of – it’s a frog in the boiling water kind of syndrome. You don’t know it’s happening to you because, yes, you know the prices are going up. Yes, you know it’s costing more, but not to the level that’s really shocking you. So, you’re kind of lulled by it. You don’t realize that you’re losing value of your money and that’s what they’re doing now. They’re robbing us of our money, as I said before, and I’ll keep saying it. It’s – Osama bin Laden wasn’t public enemy number one in the United States. It’s Osama Ben Bernanke. This guy – this guy has been wrong on everything that he’s said and he – as you have mentioned, he has said they’re going to keep interest rates down near zero at least to 2013 and what does that mean? It means that if you have money in the bank, you’re wasting your time by keeping it there ‘cause you’re not getting anything in return. So, if you’re a person that wants to retire and not speculate, you should be able to get a return on your money. Remember those days, used to keep up with inflation? Not anymore. They need to keep the interest rates at zero, so the Ponzi scheme can keep going. I’m in gold and silver, and mostly gold, and that’s where I’ll stay.
Chris Waltzek: Anything else, sir, on your radar screen that listeners might be interested in that I just haven’t brought up here?
Gerald Celente: Well, yes, we see a way out of this and we put up a website. It’s called directdemocracynow.org. The only way we can see a bright future is for the people to become involved in the process. Right now in America, we do not have a representative form of government. We have a gang of 535 that’s represented by the people that give them the most money. Period. Paragraph. And we have 535 people telling us how to tie our shoes. I don’t want to hear another word from Mitch McConnell, Nancy Pelosi, Bonner, Boehner or Kitty Cantor or any of them telling me what I should do, what I should think, what I should believe and what’s good for me. I know what’s good for me. And what’s good for me is opposite what they want for me. If we could – Chris, if we could bank online, we could vote online. I don’t want my money going to the Goldman-Sachs gang, the Merrill-Lynch mob or the Citigroup Bank crooks. Let the people vote on it. Let the people vote on the war on drugs, on reinstituting The Patriot Act, rather than them doing it and telling us, “That’s what’s best for you. That’s what I think is best for you. Now, you just do as you’re told! I want The Patriot Act in place so you don’t have any rights.” Let the people vote – directdemocracynow.org. Let’s take the power out of the politicians that are nothing more than enablers and enforcers for the financial crime bosses and let the people vote. That’s our solution because we have an election coming up now. It ain’t gonna make any difference who you vote for.
Chris Waltzek: A very large portion of society now banks online, regularly checks statements online, trades online, invests, etc. Surely, we should be able to vote online for folks who just can’t make it to the polls or don’t want to stand outside for hours on some cold, fall afternoon to vote. I think we would definitely see a resurgence.
Gerald Celente: And let us vote on issues. Exactly. Let us vote on referendums. They almost did it in Greece, remember? They were going to let the people vote whether or not they should get by the banks. Everybody went nuts. I heard Kudlow on CNBC. “They should be listening to the bankers and the experts!”, Larry says. This is what I mean. I can’t stand these people that are telling everybody else what they should do. Could you imagine, Chris, Greece? Pericles must be turning in his grave. They robbed ‘em of the chance of democracy and put a member of the white shoe club in there to run the operation – a banker, a member of the Trilateral Commission.
Chris Waltzek: Speaking of Greek mythology, I certainly see parallels to Sisyphus pushing the boulder up the hill, only to watch it descend, once again, and begin the process over. They continue the cycle of pillaging the people. The idea of this direct democracy that you’re referring to, you know, let’s get real votes, power to the people. It’s coming whether the powers that be like it or not.
Gerald Celente: That’s right. And, but, it’s up to the people to make it happen. It’s up to the people to make it happen and if the people don’t have a voice, you’re gonna be a slave to them. And so, our site is directdemocracynow.org. We want to get this movement moving because the next election’s only going to bring in, you know, the mob rule. It’s all the same.
Chris Waltzek: And let’s direct folks to The Trends Journal at The Trends Research Institute please.
Gerald Celente: Yes, that’s our publication. We’ve got the quarterly, the autumn edition, and it prepares people for the future and it’s trendsjournal.com.
Chris Waltzek: Very good. Well, sir, it’s always a pleasure and we certainly hope and pray for a speedy recovery or your funds.
Gerald Celente: Well, thank you very much, but, at this point, it doesn’t look good. The Community’s Futures Trading Commission supports the trustees’ position on this and they ain’t trustees. Can you imagine the word they use, trustees? Trust who? Okay, bye bye.
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-- Posted Thursday, 17 November 2011 | Digg This Article
| Source: GoldSeek.com
