U.S. economic decline causes major power nuclear war
Cornelius Christian, producer at KitCO News. He previously taught economics at Brock University and St. Francis Xavier University, and Michelle Makori, editor-in-chief and lead anchor for Kitco News, ’23, January 23, “The bottom is in for gold - World War 3 is already here & a global economic collapse will pave way for CBDCs - Gerald Celente,” KITCO NEWS, accessed July 9, 2024, https://kitco.com/news/article/2023-01-18/bottom-gold-world-war-3-already-here-global-economic-collapse-will-pave-way
Celente's optimistic prognosis for gold is due to his grim macroeconomic outlook, as well as gold's role as a hedge against financial instability. He claimed that 2023 would witness a "market meltdown," and suggested that the U.S. government would use war to distract its citizens from the harsh economic reality.
"This is very important… we're talking about a market meltdown [in 2023]," said Celente. "The only thing that's keeping the markets up are interest rates. They go high, and the market goes down. When all else fails, they take you to war."
He added, suggesting gold's role as a geopolitical risk hedge, that "if the current events, that are forming future trends, continue to escalate into war in Ukraine and the Middle East, then gold goes through the roof."
Indeed, Celente plainly stated that World War III is here due to the global nature of the Russia-Ukraine conflict.
World War III
"This is not a proxy war," said Celente, commenting on the ongoing Russia-Ukraine conflict. "America is at war with Russia. They're sending in [American] troops, to train them [Ukrainians] to use the weapons that we're giving them."
In November of 2022, the Pentagon confirmed that active U.S. troops are in fact on the ground in Ukraine to "assess weapon stocks" and provide training. Celente suggested that this could escalate into a hot war between the U.S. and Russia.
"This is called mission creep," said Celente. "They are already pumping [fears] of a nuclear bomb."
He suggested that a "nuclear exchange" is likely as tensions rise between NATO and the BRICS countries.
"The war is going to continue to escalate unless we talk about peace," he said. "I am saying it could escalate into it [a nuclear war]."