GERALD CELENTE Predicted Chinese Yuan / RMB Devaluation
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SUBSCRIBE to ELITE NWO AGENDA for Latest Updates - http://www.youtube.com/user/elitenwoagenda?sub_confirmation=1 GERALD CELENTE Predicted Chinese Yuan / RMB Devaluation I’m now predicting that we are going to see a global stock market crash before the end of the year.” Celente says that it won’t just be U.S. stocks either. He believes that crashes are also coming to “the DAX, the FTSE, the CAC, Shanghai, and the Nikkei”. It other words, it is going to be a truly global financial crisis and he says that there is “going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil”. Last year, Venezuela demanded the return of 90 tons of gold from the Bank of England. With the People’s Bank of China (PBC) move to devalue the Renminbi (RMB) on Tuesday spooking markets globally and raising yet more concerns about the health of the Chinese economy, it’s interesting look at the country’s debt profile to Gross Domestic Product (GDP). But the trend hasn’t exactly been looking too rosy for some time. The "one-off" adjustment has now reached its 3rd day as The PBOC has now devalued the Yuan fix by 4.65% back to July 2011 lows. Even before this evening's date with debasement history, Japan felt the need to step up the currency war rhetoric. Following disappointing Machine Orders data, Abe advisors Hamada warned that "Japan can offset Yuan devaluation by monetary easing," and so the race to the bottom escalates. China has its own problems as BofAML's leading economic indicator showed "the foundation for a growth recovery is not solid, facing more downward pressure," and while confusion reigns over why The PBOC would intervene at the close to strengthen the Yuan last night, the reality is the commitment isn’t to a devaluation for China’s exports, but undoubtedly its actions are directed toward trying to keep the wholesale finance interfaces somewhat orderly. Finally, China’s devaluation couldn’t come at a worse time for Argentina - about a quarter of the country’s $33.7 billion of foreign reserves are now denominated in yuan, which suffered its biggest loss since 1994 on Tuesday. China RMB currency "forex trading" forex USD dollar u.s. usa america "united states" "bank of china" chinese economy debt finance "china yuan" investment trading 2015 2016 future world gold silver "gerald celente" "safe haven" renminbi economics trends trendy news "stock market" stocks "Dow Jones" japan HK "Hong Kong" europe uk london asia value devalue commodity oil "gold bullion" "gold storage" vault singapore "silver coins" "silver bullion" bonds savings "bank account" banking "binary options" equities banking "real estate" mortgage "elite nwo agenda" jim rogers marc faber david icke alex jones infowars gerald celente trends in the news montagraph lindsey williams currency war louis farrakhan Mike Maloney interest rate federal reserve apmex review unboxing perth mint Hong Kong consumers and savers with yuan time deposits yesterday reacted with caution but remained optimistic in the wake of China's recent sharp currency devaluation. Gold Prices Rise; Safe Haven From Yuan’s Turbulence China’s currency devaluation is helping gold shine in the midst of a collapse in commodities and a pullback in stocks. China’s 2 percent devaluation of the yuan on Tuesday pushed the U.S. dollar higher and hit Wall Street and other global equity markets as it raised fears of a new round of currency wars and fed worries about slowing Chinese economic growth. #5 The price of oil just closed at a brand new six year low. When the price of oil started to decline back in late 2014, a whole lot of people were proclaiming that this would be a good thing for the U.S. economy. Now we can see just how wrong they were. Increased pumping by OPEC as Chinese demand appears to be slackening could drive oil to the lowest prices since the peak of the financial crisis. Almost exactly seven months ago, on January 15, the Swiss National Bank shocked the world when it admitted defeat in a long-standing war to keep the Swiss Franc artificially weak, and after a desperate 3 year-long gamble, which included loading up the SNB’s balance sheet with enough EUR-denominated garbage to almost equal the Swiss GDP, it finally gave up and on one cold, shocking January morning the EURCHF imploded, crushing countless carry-trade surfers.All of the above, incidentally, was explained in our post from March 6 titled “How Beijing Is Responding To A Soaring Dollar, And Why QE In China Is Now Inevitable“
Comments
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Isn't Trump the easiest bullshit artist to checkmate in the history of bullshit artists?
Do not need a high IQ to slap him around . The turd SCREAMS bluff , stupidity, misguided ego, greed, disrespect, compulsive lying, lack of empathy and we could drive this to China and back.
He is the epitome of the infantile con artist. If you are BALD Mr. Trump and we all know you ARE bald. but you insist in hiding it ... You are NOT an honest person .. and just on that fact you should not qualify to shine the shoes of McCaine . Just sit around wait till the Sandy mess gets cleaned up and buy the land at 4 cents on the dollar. You will have your next EMPIRE within walking distance and ALL prime beach front property in NYC will be YOURS. You fucking crook. -
Lol I wanna see a mermaid in office a transgender election lol you a comedian Celente
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The sanctions against Russia are designed to hurt the Russian economy and that is exactly what they are doing... and it has nothing to doe with Crimea's annexation by the Russian Federation.... it was to do with damaging a threat to the NWO...!
Economic sanctions are an act of war:
http://www.rt.com/shows/sophieco/sanctions-war-ron-paul-769/ -
I doubt anyone will agree with me on this but if the U.S raises interest rates and keeps raising rates I see the complete opposite of what Gerald is saying I think a great buying opportunity is ahead.
A strong dollar makes everything cheaper and with lower oil prices(the lifeblood of the world economy) the Fed knows they're going to have change course and the only way to stimulate growth is to raise rates so savers will have more money to spend!
Americans aren't buying homes anymore but they're still consuming. Maybe I'm wrong but I see interest rates rising probably up to 5% by 2018 -
did Gerald smoke some weed or something before he did this video? he seems like he's off his face
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Just jacking up the USD for fun.. So the Chinese can export more and US export less.. Export weaponry also less for the US... Meaning less Bloody Mess...
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Chinese YuWant, you can get many... lol 😂
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Gerald is just a loud mouth fool seeking to be relevant in an age that has clearly passed him by. All he does is launch into tantrums like a 6 years and attack people who he disagrees with. He claims his motto is to "think for yourself," but that only applies as long as you think as he does. There's a nice retirement home in Florida with your name on it Mrs Celente!
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Does He seem to be impaired , wheres the usual excitement ?
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this shill is so lame, its never jewry according to him, dont know why people bother listen to this turtle looking motherfucker babble and whine
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GERALD CELENTE ... the same man that lost a fortune on a bad investment ... not that great a "Prophet"
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Celente ridicules people for their avarice; I like him.
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Gerald what do you think about Christian Italy being invaded by Muslim 'refugees"?
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This Zionist is full of crap!
He didn't predict nothing.
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