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Celente predicts gold standard won’t save US economy
Posted By admin On May 27, 2011 @ 7:59 am In Featured Stories,Money Watch | Comments Disabled
May 27, 2011
Sometimes controversial trends analyzer Gerald Celente is forecasting that a return to the gold standard will not be enough to save the US economy from collapsing.
Celente is the publisher of Trends Journal and a consultant and adviser to many of America’s top corporations. Celente has no ax to grind and calls himself a political atheist. An author, Celente appears regularly on many of the mainstream media’s most watched news programs. He is prolific with his predictions on emerging trends concerning global finances and major historic turning points.
Recently he was asked his opinion on the idea of the US returning to the gold standard.
Although a solid core of gold bugs have advocated the US return to the gold standard for decades, many economists thought the idea radical and unworkable in the changing world economy. Now, however, more people and states are seriously considering the idea to stabilize the dollar and forestall a future currency crisis such as that experienced by the German Republic during the 1920s.
Recently, the state of Utah passed a law authorizing the minting of state gold and silver currency as a hedge against inflation and the weakening dollar.
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