Skip to content

American trend forecaster G. Celente urges to prepare for ‘financial disaster’ in 2022

American trend forcaster G. Celente urges to prepare for 'financial disaster' in 2022

Renowned American trend forecaster Gerald Celente has projected that the ongoing Federal Reserve measures to tackle the rising inflation will likely result in the ‘biggest crash in world history’ in 2022. 

In an interview with the Stansberry Research, Celente insinuated that the current inflation figures might be higher and the rising interest rates as part of the Fed tapering will trigger the crash. 

He noted that the Fed retained the low-interest-rate environment for long to avoid the crash, but the rising inflation means the agency has no option.

Celente added that the pandemic monetary response like stimulus checks and continuous printing of money laid the base for the expected crash. He, however, acknowledged that the measures worked for the short term. According to Celente: 

“When you look at inflation, the only reason the markets have gone up is the cheap money. All the cheap money artificially threw this thing up. All the cheap money is coming in from governments to prop it up artificially. So the whole thing has been artificial. My belief is when the Fed rate hits 1.5%, this thing goes down hard, big, and the biggest crash in world history.”

He believes that the government could have avoided the situation if it had not resolved to lock down the country at the onset of the pandemic in early 2020. According to Celente, considering the current rising Covid-19 cases, the initial lockdowns have played a minimum role in return, hurting businesses. 

Opportunities for 2022

On opportunities for 2022, Celente pointed out that gold, silver, and Bitcoin offer the ideal asset class to maneuver the current inflationary environment. The forecaster noted that gold is the perfect store of wealth, and investors should accumulate and store more of the asset. 

Furthermore, Celente expressed bullishness for silver, stating that the precious metal will potentially surge in value over its industrial use cases. For instance, he pointed out that silver will be utilised in the sectors focusing on climate change and the metaverse concept.

Elsewhere, Celente joins other analysts who believe a market crash is imminent. As previously reported by Finbold, author of the personal finance bookRich Dad Poor Dad,” Robert Kiyosaki stated that his earlier predicted market crash was already happening. 

Kiyosaki observed that the market is already in a technical depression based on differences between inflation and economic growth figures.

Watch the full interview: Prepare for Financial Disaster in 2022, Warns Forecaster Gerald Celente

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts