Gerald Celente says the spending cuts part of today's last minute debt ceiling will serve as the final trigger needed to drive the U.S. into the next great depression.
Russia Today Interviewed Gerald Celente, the publisher of the Trends Journal, from the Trends research institute about the sky-rocketing price of gold and the implications of the passage of today's debt ceiling deal.
In the video attached to the top left of this page, he tells Russia today that the reason for the recent run up in gold is due to the devaluation of the U.S. dollar even though establishment analysts refuse to acknowledge it.
He explains that, just as with the Euro, the United States is flooding the world market with cheap dollars which is causing a de-facto evaluation of the U.S. currency.
This in turn is leading the massive increase in gold prices and has caused the dollar to not be worth the paper it is printed on.
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