I agree with Celente - end of March beginning of April.
Gerald Celente: EU Collapses In 90 Days, Bank Holiday and War (GLD, SLV, EWI, VGK, EWG)
January 4th, 2012
Dominique de Kevelioc de Bailleul: Twenty-two months of hysteria of an impending European financial collapse, starting with Greece in March of 2010,
will finally come to an end in 2012, according to the founder of Trends Research Institute, Gerald Celente.
Hysteria of the horrid possibility of a European meltdown and the dire implications for the world economy a collapse will end, as the event finally
turn into unequivocal reality by April 1, with accusations of ‘fear mongering’ by a significant portion of the mob quickly dropped in favor of the
next predictable reaction to the crisis: outrage against those who allowed the collapse. Get my next ALERT 100% FREE
“I would say, since I’ve been doing this work, over 30 years ago, I’ve never been more concerned than I am right now,” Celente told ABC,
In Celente’s latest forecast, titled, The First Great War of the 21st Century—Prepare, Survive, Prevail, he paints a bleak picture for 2012,
predicting a worsening of class warfare that already wages within more than a dozen countries, from Tunisia, Egypt, Yemen, Syria, Bahrain and Qatar to
the UK, Greece and Italy, which will eventually spread to eastern Europe/central Asia and more intensely in the United States.
But, what the world has seen so far is only a economic and social symptom of central bankers’ stop-gap remedies, haphazardly applied to the global
financial crisis since its beginning in the U.S. and the fall of Bear Stearns in 2008.
After dozens of trillions of dollars thrown at a global solvency crisis with nothing but further deterioration to show for the money spent, some
wonder if the world is about to slide still further into depression.
According to Celente, when the European Union falters from too much supply of debt coming due ($7.3 trillion from G-7 nations, see zerohedge.com)
against the backdrop of sliding demand for more debt, the European domino will topple other dominoes, widening the global depression to include the
world’s larger economies.
“If you live in Greece, you’re in a depression; if you live in Spain, you’re in a depression; if you live in Portugal or Ireland, you’re in a
depression,” Celente said. “If you live in Lithuania, you’re running to the bank to get your money out of the bank as the bank runs go on.
It’s a depression. Hungary, there’s a depression, and much of Eastern Europe, Romania, Bulgaria. And there are a lot of depressions going on
And as far as a Chinese riding in on a white horse to save the day, Celente said, it’s “highly unlikely. China has 1.3 billion people with a
million problems . . . If the Europeans and Americans don’t buy a lot of crap, then the Chinese can make it and sell it to them.”
He continued to explain that China will then likely slow its imports of materials from countries which have been supplying mined product during the
commodities boom, leading to a vicious spiral of increased unemployment and declining economic activity—a scenario strongly intimated by Dow Theory
Letters author Richard Russell in his latest letter to investors (excerpts posted on King World News). Russell, too, expects a steepening U.S.
depression, with 25 percent unemployment in the America as his target at the bottom of the depression.