RIGGED GAME: GDP Numbers Weak, Worst is Yet to Come
The dollar is only up because interest rates are up. When interest rates start going down, the dollar’s going to go down.
The Bureau of Economic Analysis said Thursday that the annualized U.S. gross domestic product growth slowed to 1.1 percent, which was significantly below the 1.9 percent that the gamblers on Wall Street were betting on.
CELENTE: They say the reason the stocks went up — despite the GDP numbers — is because the slowing economy means the Federal Reserve won’t keep raising interest rates. We’ve warned you about this for several months…when they start raising interest rates, it doesn’t slam the economy right away. It takes time. And as we said, that time is now, and it’s only going to get worse.
We’re saying that you’re going to see the big decline, the big hit in October. But they’re going to start lowering interest rates again in anticipation for the 2024 presidential election.
That means the dollar is going to go down. The dollar is only up because interest rates are up. When interest rates start going down, the dollar’s going to go down. And it’s going to go down big, and it’s going to go down hard. And we forecast gold prices rising very sharply.