John Stadtmiller 2013.03.19 Drockton,Celente,Cyprus - CF

John Stadtmiller Mar 19 2013 Drockton, Celente, Cyprus - Commercial Free

Edited by Shortwave from Streaming radio and uploaded to Concen.Org

Description by Shortwave

Paul Drockton fills in for John Stadtmiller tonight. Gerald Celente is here for the first hour. Gerald says the Euro is continuing to decline, and to buy Gold and Silver.

Gerald says he has been warning about a "Bank Holiday" for a year and a half. What they did in Cyprus, they are going to do it in different ways. Gerald says that we had a Bank Holiday in the 1930's along with the Gold confiscation and devaluing of the money.

He says that they are going to call a "Bank Holiday" in the U.S. again 'for whatever reason'
perhaps blame it on hacking or terrorism. Then when you take your money out, it would be devalued.

Paul asks what happen if you try to buy food at a store with your debit card and it is declined. Paul asks how people will be able to buy groceries.

Paul thinks that the people will cave and agree to go along with the devaluation plan after being without money for awhile. Russia was planning to lend Cyprus money. Germany is re-emerging as a primary force in Europe.

Paul thinks this Cyprus thing is not over, Gerald agrees and says Cyprus is a test case. Cyprus has a better debt ratio, (Lower the number the better). Cyprus has a 71% debt to Gross National Product. Whereas Greece is 140% , the U.S. is reportedly 105% and Italy is 130%.

I uploaded this only because of the current banking crisis in Cyprus and figured this might help answer some questions which it did. Still I thought they could have done a little better job.