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In the video, Gerald Celente discusses the increasing inflation and how government officials are denying it as temporary and transitory. He also mentions the discrepancy between official inflation numbers and the actual numbers according to John William's Shadow stats. Celente believes that inflation is caused by supply chain disruptions and rising wages and that the government's response is to slow down the economy to lower wages. He predicts that if interest rates are raised by 50 basis points on February 1st, the markets will experience a significant downturn. Celente also forecasts a market meltdown for 2023 if the government continues with their current actions and notes that the overall economy will be negatively affected even if interest rates are only raised by 25 basis points. He also expresses skepticism about government actions, stating that they'll make up anything and that the markets will do okay but the rest of the economy won't.
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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