Source: Primal Investor
Trends forecaster, Gerald Celente, discusses the current state of the global economy and warns that a collapse is near.
Celente mentions that the manufacturing industry is getting weaker, exports around the world are going down, and protests are going on all over the world. Celente also warns that the Fed is likely to raise interest rates, which could lead to a housing and office building crash. Business travel has declined due to Zoom meetings, causing hotels and convention centers to suffer. The COVID-19 pandemic has destroyed life in ways that are incalculable, and Celente questions the accuracy of calling it a pandemic. He also mentions the growing crime rate in cities, causing major retailers to leave and go to the suburbs. He warns that the worst is yet to come, especially with China's growing military power and the ongoing Ukraine-Russia war.