Gerald Celente – What The Keynote Speaker Who Addressed The Federal Reserve, IMF And World Bank, Just Told Me Is Terrifying

"Today the top trends forecaster in the world told King World News that what the keynote speaker who addressed the Federal Reserve, IMF and the World Bank said to him was terrifying.

Eric King:  “Gerald, I want to bring up the two charts I know you’ve had a chance to look at that we posted at King World News:

MacroTrends:  This chart (below) shows the ratio of the gold price to the St. Louis Adjusted Monetary Base back to 1918. The monetary base roughly matches the size of the Federal Reserve balance sheet, which indicates the level of new money creation required to prevent debt deflation. Previous gold bull markets ended when this ratio crossed over the 4.8 level.

King World News note:  The chart above reveals just how far the bull market in gold has to run before it ends in exhaustion.  Gold would have to advance more than 16.5-times in price vs the monetary base in order to hit the 4.8 level highlighted above.  If the monetary base just stayed stagnant and the 4.8 ratio is hit, that means the gold price will be nearly $20,000.

King World News note on chart II (below):  There is a massive chasm between the Fed's balance sheet and today's gold price.  This is one of the many reasons the gold price is set for a historic upside surge (see chart below that is updated through June of 2015).

Fed Balance Sheet vs Gold Price

Eric King continues:  “The Chinese are obviously aware of this and I talked to John Ing about this as well.  But as you look at those great distortions, Gerald, it really gets down to something that you’ve been talking about for quite some time and that is the interference in the “fake” markets, the phony markets that are manufactured by the central banks around the world.”….

The Charts Don't Lie

Gerald Celente:  “The charts don’t lie and the numbers don’t lie.  Wall Street lies, the Federal Reserve lies and the politicians lie for them.  And the presstitutes just keep the lie going. This unprecedented Ponzi scheme will eventually collapse.  So when we look at the chart and we see that $20,000 figure for gold, in relationship to the Federal Reserve and what they’ve been doing, here’s what we’re forecasting:

A rapid rise in gold prices, because when this Ponzi scheme collapses you are going to see spikes up in gold that mirror the charts that you put up there, and the spikes up in all the fake money that they’ve been printing.  Gold is going to follow it identically..."

at http://kingworldnews.com/gerald-celente-what-the-keynote-speaker-who-addressed-the-federal-reserve-imf-and-world-bank-just-told-me-is-terrifying/