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In this video, Gerald Celente discusses the US debt level and how it is going to impact the dollar in the future. According to Bard College, the US banking system received $29 trillion between 2007 and 2010. Since 2001, the budget deficit has increased from $5.7 trillion to $31.6 trillion. Celente believes that interest rates are going to rise and the debt level will be difficult to pay off. He recommends investing in gold and silver as a way to protect wealth. Additionally, Celente talks about his experience working in politics and how he became a trend forecaster. He believes that the US government is corrupt and the dollar is going to crash when interest rates are lowered.
Gerald Celente is an American trend forecaster, publisher of the Trends Journal, business consultant, and author who makes predictions about the global financial markets and other important events.
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