By Nathan Ferguson
Popular trend forecaster in America, Gerald Celente predicted that the method employed by the Federal Reserve to handle the increasing inflation will most likely result in the biggest financial crash in history.
Speaking with the Stansberry Research in an interview, G. Celente the country might see its inflation figures rising, and eventually, the interest rates will trigger the crash. He also mentioned that the government has tried to avoid the crash by maintaining a low-interest rate, but the agency will have no choice with the speedily increasing inflation rate.
Celente added that the basis for his predicted crash is the continuous money printing and the monetary response to the COVID-19 pandemic.
He said, “when you talk about inflation, the main reason the market will rise is the availability of cheap money. The cheap money is flipping things up which is coming from the government. So basically, inflation is artificial. I believe when the Fed rate at 1.5% will cause the hard-hit and hence the crash.”
However, he said that the situation could have been averted had the government not announced a lockdown in the country as a response to the pandemic in 2020. With the increasing figures on COVID-19 cases reported, Celente mentioned that the role of the initial lockdowns compared to the impact on businesses is minimal.
More Opportunities in 2022
Talking about how 2022 will look like, the trend forecaster mentioned that Bitcoin, Gold, and Silver will be the best asset class for the government to maneuver inflation. He recommended that investors should accumulate more gold because it is a perfect store of wealth.
Also, Celente said he is expecting Silver to go bullish because the increasing industrial use cases are expected to cause a surge in the value. One of the sectors using Silver is those focusing on the Metaverse concept, which is the next trending thing.
As it stands, Gerald Celente has joined the host of financial analysts to believe a market crash is inevitable. As reported by a popular blog earlier, Robert Kiyosaki, the author of the famous finance book “Rich Dad Poor Dad,” mentioned that the market crash he predicted earlier is already happening.
Robert Kiyosaki also believed that there is a technical depression in the market based on the differences between the figures reporting the economic growth and inflation.