Gerald Celente gives a thrilling as usual interview with King World News.Today he warns of the effects of a major terrorist attack. Compared to 9/11, western economies are more fragile and civili liberties are already more restricted. This time you’ll really want to buy gold:
What will another major terror strike mean should an attack hit one of the major NATO nations? The effects this time will go global. Bank holidays will be called, the US and other fragile economies will crumble, gold and silver will soar and already troubled currencies will crash. Economic martial law will be declared, promised as a temporary measure, once in place it will remain in place.
Civil rights will be suspended and particularly in America, Homeland Security, already intrusive, will achieve an Orwellian omnipresence. With banks closed and economic martial law in place, restrictions will be set on the amounts, times and frequencies of withdrawals (of cash). It will be essential to have a stash of cash on hand…
They’ve done it before, they’ll do it again. Go back to 1933, the emergency banking act under FDR, what did they do? They called a bank holiday. You can’t get your money out and oh by the way turn in all of your gold. Sell us your gold at $20.65 an ounce and after we get it all we are going to repeg the price of gold to $35 an ounce, which means back in those days when the dollar was pegged to gold you just lost 40% of your purchasing power.
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