NEW YORK (PNN) - June 20, 2015 - If there’s one thing everyone can agree on in an environment where economic data has been skewed, repeatedly revised and outright manipulated, it’s that we are seeing extreme volatility throughout the global marketplace.

While most retail investors around the world continue to pump their money into propaganda-built markets that include over-bloated stocks and real estate investments, those in the know are preparing for the inevitable crash because, as Celente notes, “the worst is yet to come.”

In his latest interview, Celente sheds more light on a recent report that China is preparing for something very big by hedging its bets against the real possibility of a global currency crisis stemming from a collapse in the Fascist Police States of Amerika dollar. The Chinese, along with Russia and other nations, are in the midst of an unprecedented accumulation of gold in advance of a paradigm shift that is sure to uproot the entire global monetary system as we know it today.

The only reason the equity markets are moving up to the levels they are, are the record amounts of cheap money being pumped into the system.

“When we look at why they’re [China] buying gold… what you’re looking at is virtually every day since the New Year began, volatility has been the name of the financial market game. So you see from Shanghai to New York, to stocks, bonds and oil prices, it’s swing time, man,” said Celente.

It was a cover-up from the beginning when they came out with too-big-to-fails and TARP. They threw a tarp over the big lie to keep the Ponzi scheme going.

According to Celente, when the Ponzi scheme is finally revealed to the broader public, we’ll see a massive upswing in precious metals.

“We’re forecasting a rapid rise in gold prices as speculators and survivors place their bets on safe haven assets… whether it’s gold or silver,” said Celente.

“When this next Ponzi scheme collapses we are forecasting that you’re going to see spikes up in gold that mirror the charts that you put up there and the spikes up in all the fake money that they’ve been printing. They’re going to follow it identically,” said Celente. “(Gold is) going to go beyond the level it hit at the high in 2011 and start pumping way above $2,000 an ounce.”