Even against the backdrop of the lowest interest rates in global history, over 3,000 years of economic history, the financial life support is merely sustaining the economic patient.
Why would anyone trust the official economic figures such as the current unemployment rate of 5.5%, when the more accurate U6 figure indicates 23% national unemployment (Unemployment).
A central reason for the disparity between the official / actual figures is the inaccurate inflation figure (Inflation).
Given that inflation is at least 4% higher, the actual GDP or economic output is considerably lower - the US has remained in a recession for nearly 15 consecutive years! (GDP).
Thanks in part to NAFTA, millions of desirable jobs were / are shipped offshore, over 5,000,000 careers will never return.
Unfortunately, the Great Recession never ended and is now systemic / global in breadth.
Eventually the Ponzi scheme will end, which is why Gerald Celente says, "gold is for my golden years." He underscores the importance of building a portfolio based upon a firm foundation of gold.
The importance of portfolio diversification cannot be understated - a well known billionaire lost approximately $100 million on a single stock bet - most of the loss was avoidable via proper asset allocation.
The Martial Artist of Trend Forecasting —The purpose of trend forecasting is to provide insights and directions in anticipation of what the future may bring – and to be prepared for the unexpected.
Gerald Celente, a Close Combat practitioner and black belt trainer, well understands the importance of proacting rather than reacting: "The first rule of Close Combat is to attack the attacker. Action is faster than reaction. The same holds true for the future. You know the future is coming … attack it before it attacks you."
Founder of The Trends Research Institute in 1980, Gerald Celente is a pioneer trend strategist. He is author of the national bestseller Trends 2000 and Trend Tracking (Warner Books) – "Far better than Megatrends," and publisher of the internationally circulated Trends Journal newsletter.
Political Atheist — Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente, whose motto is "think for yourself," observes and analyzes the current events forming future trends for what they are – not for the way he wants them to be.
Like a doctor giving a diagnosis after gathering the facts, whether or not you like the prognosis doesn’t alter the outcome, make him an optimist or pessimist – it’s simply what is. And while Celente holds a US passport, he considers himself a citizen of the world.
Globalnomic® Trend Forecaster — Using his unique perspectives on current events forming future trends, Gerald Celente developed the Globalnomic® methodology which is used to identify, track, forecast and manage trends.
The world's only trends analyst covering 300 diversified trends fields, Gerald Celente and the Trends Research Institute provide trend research studies and consulting services to businesses and governments worldwide. Celente also designed the nation’s first professional course in trend forecasting.
The proof is in his past — Gerald Celente has earned his reputation as "The most trusted name in trends" by accurately forecasting hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends. Among them: Celente coined the term "clean foods" in 1993 and predicted sustained growth in organic products in 1988.
When gold was at $275 per ounce in 2002, Celente said the price had bottomed and in 2004 forecast the beginning of the "Gold Bull Run." Since that time, with pinpoint accuracy, he said when, why - and how high - gold would go. *youtube.com recording.
Bill Murphy, GATA Chairman Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, www.lemetropolecafe.com.
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