Founder of the Trends Research Institute Gerald Celente discusses
how conditions of this recession are similar to post-World War recessions.
Celente points out that currency wars are already happening and
trade wars are heating up. Seven of the last recessions were
preceded by spikes in oil prices, he says. Celente believes
a war with Iran would trigger the beginning of World War 3.
The trends forecaster is invested 80% in gold. He expects the stock
market to keep up as long as the Fed continues pumping cheap money
into the system.
is founder and director of The Trends Research Institute, author
2000 and Trend
Tracking (Warner Books), and publisher of The Trends
Journal. He has been forecasting trends since 1980, and recently
called The Collapse of ’09.