Renowned American trend forecaster and geopolitical analyst Gerald Celente, with nearly four decades of experience, has issued a stark warning regarding the state of global affairs.
Celente issued the warning in a YouTube video posted on October 27, where he covered a wide range of topics, including the Middle East crisis, the escalating global conflicts, and the state of the economy and market volatility.
He expressed grave worries about the current state of international geopolitics, suggesting the world is teetering on the brink of a catastrophic event. According to him, World War III has essentially begun with the conflict in Ukraine.
Picks for you
“I have to tell you, I’ve been in this business that’s going on 44 years, and I’ve never been more concerned about what in the world is going on. <…> We’re at a very critical time, and if we don’t change this soon, it’s going to be the end of life on Earth because this is escalating far beyond what anything I’ve ever seen in my life and World War III already began with the Ukraine war,” Celente said.
The state of the global economy
In the wake of the rising geopolitical tensions, Celente raised concerns about the state of the global economy. He warned the economy is falling, citing mounting debt levels and rising interest rates.
He also pointed out that the NASDAQ, a key indicator of technology stocks, has entered correction territory. This market volatility adds another layer of uncertainty to the already fragile global economic landscape.
“The global economy is failing, high borrowing costs pose a threat to a resilient economy. <…> The NASDAQ it’s in correction territory. It’s down over 10%. The worst is yet to come,” he added.
While Celente’s outlook is undoubtedly pessimistic, the forecaster has previously predicted an impending financial disaster, citing rising inflation. Notably, despite a recent apparent cooling of inflation in the United States, Celente maintains a contrary opinion. As reported by Finbold, he has cast doubt on the data, stating that “the game is rigged.”
At the same time, as most jurisdictions explore the possibility of a central bank digital currency (CBDC), Celente believes that such a currency might thrive in the event of a global economic collapse.
Celente pointed out that this collapse will likely be triggered by emerging global economies heavily reliant on the dollar, coupled with a debt crisis expected to accelerate this year.
Watch full video below:
