Sanctions slapped against Russia and China by the U.S. and its Western allies are only turning Beijing and Moscow into self-sufficient nations, according to trend forecaster Gerald Celente.
He shared this during a May 24 interview on the "Health Ranger Report" with the Health Ranger Mike Adams. Celente told the program host that sanctions on China and Russia have backfired. Beijing was sanctioned as part of Washington's ongoing trade war, while Moscow was sanctioned following the commencement of its "special military operation" in Ukraine.
According to Celente, President Joe Biden's remark that Russian President Vladimir Putin is going to pay the price for his actions didn't happen. Instead, it was the American people that paid the price as inflation has skyrocketed under Biden's term.
The trend forecaster also mentioned that companies pulling out of Russia following the war in Ukraine had a silver lining. He explained: "They don't need all these foreign companies in there. The people will take over because Russia has most of the human and natural resources they need to be self-sufficient."
Adams agreed, pointing out that sanctions forced Russian capital to be reinvested in the country. This resulted in Russia becoming a leader in terms of military output, aside from bolstering its domestic investment.
Celente also mentioned that Russia's gross domestic product has gone up – and the same thing will happen to China. With China's 1.4 billion people buying everything made in the country, the corporations and manufacturers are going to do very well. Adams continued that the Chinese people are very intelligent and capable engineers, noting how the Chinese educational system has produced more scientists, physicists and engineers compared to the Western system.
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BRICS nations will also achieve self-sufficiency down the road
Celente also mentioned that the BRICS group – the core five being Brazil, Russia, India, China and South Africa – and its other member nations are going to be self-sufficient. These nations are going to trade with what they need and not for the best price, but for what they don't have.
"That's what's different," said the founder and director of the New York-based Trends Research Institute. "That's what you're going to see. More and more self-sufficient countries and BRICS uniting, which is going to bring down the U.S. and Europe."
According to Adams, Russian President Vladimir Putin said Moscow is trading with Beijing using 90 percent local currencies and not the dollar. The founder of Brighteon.com and Natural News described this as a huge development, predicting that trade will soon happen in the currencies of the five BRICS nations. (Related: BRICS members discuss possible expansion and creation of common currency to challenge US dollar’s supremacy.)
In response to Adams' question about a timeline for the BRICS group and the dollar, Celente said he believes the Federal Reserve is going to lower interest rates before the U.S. presidential election in November. But the trend forecaster called this a "freak show" always done before the election "to boost the economy up."
"When interest rates go down, the dollar is going to go down. The dollar is only strong because of the high interest rates," he said. "They're lowering interest rates mostly around the world. They're doing it because the economy is slowing down and they got to lower the interest rates."
Celente said the Federal Reserve isn't going to keep interest rates high with other countries lowering their interest rates, as "it's going to cost them more to buy commodities because many commodities are dollar-based."
"When the U.S. lowers interest rates, the dollar goes down and gold prices go up," added Celente. He noted that when gold becomes cheap and the greenback's value goes up, it is going to be the beginning of the U.S. dollar's death.
Watch the full conversation between Gerald Celente and the Health Ranger Mike Adams below.
This video is from the Health Ranger Report channel on Brighteon.com.
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