“I’ve been in this business now since 1980, and I’m always marveled at the schemes undreamed of that they come up with,” Celente told GoldSeek Radio host Chris Waltzek. “So, when things should collapse, they often don’t, because they come up with another scheme. So, here’s the scheme undreamed of that I believe is going to be America’s worst nightmare, and that’s war with Iran. Get my next ALERT 100% FREE
“The drums keep beating; the chick-hawks keep screeching; and America and Israel keep getting closer to a conflict with Iran. And it’s all tied in with Syria as well,” Celente added, alluding to a reciprocating defense agreement between Iran and Syria.
Celente continued the discussion with Waltzek by making the eerie parallel between today’s economic depression, social unrest and geopolitics with those of the Great Depression, which began with the Crash of 1929 and ended following the conclusion of WWII.
Pressure on Washington to quell the threat of Communism as an alternative to a failed central bank controlled ‘capitalist’ system in the U.S. of the 1930′s has reemerged, but with the threat to the status quo coming this time, not from the potential of a viable Communist movement, but instead coming from the rapidly growing Constitutionalists and End-the-Fed movement led by Republican congressman and 2012 presidential candidate Ron Paul.
Making this point for the Keynesians, famed big-government liberal economist and Nobel prize laureate Paul Krugman—who is no fan of Congressman Paul—stated in a NY Times Op-ed piece on Dec. 11, 2011, titled Depression and Democracy, “On the political as on the economic front it’s important not to fall into the ‘not as bad as’ trap. High unemployment isn’t O.K. just because it hasn’t hit 1933 levels; ominous political trends shouldn’t be dismissed just because there’s no Hitler in sight.”
Moreover, Krugman in the past has argued that the U.S. needs some big outside event (even joking about an alien invasion from space) to foster the need for further federal deficit spending and renewed consumer consumption, which he believes was the catalyst for ending the Great Depression—a suggestion with which Paul and Austrian economists vehemently disagree.
Therefore, Washington must dream up another scheme to redirect attention away from an oligarch enriched by the Federal Reserve System and wars, according to Celente.
History is replete with examples of nations, once divided, reversing course to unite behind a president in times of war. Celente believes that this time is no different and that Iran will serve as Krugman’s Hitler for Washington’s political purposes.
“We’re saying right now that a war with Iran is going to be the beginning of World War III,” said Celente, and added “but what it will do, Chris, it will certainly get the people’s mind off the failing economy, just as it did during the Great Depression and the lead up to World War II.”
Related: SPDR Gold ETF (NYSEArca:GLD).
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