Gerald Celente on the Economy

“People are going to wait for the elections in November. They think they’re going to have some other change that they can believe in. It won’t happen. When the economic winter sets in, then you’re going to start seeing people protesting more and more. This is just the beginning.”

“This country’s gone from the greatest entrepreneurial empire to one that Mussolini would have called fascism, the merger of state and corporate powers.”

Clash of the Economists - What's Next For Our Economy?

Gerald Celente, Director of the Trends Research Institute, sees a very bleak future for the United States, and a major collapse coming soon for the entire nation, maybe the entire world.

URI Economics Professor Leonard Lardaro admits some serious problems in today's economy, and that of the future, but thinks Celente's 'doomsday' scenarios are too dire, and a little much.

watch the video interviews

Gerald Celente on the next American Revolution

Gerald Celente on the Bubble

"Governments become enboldend by their failures"

"fascism-lite"

Gerald Celente on the Economy

"How often does the government have to be wrong, and how wrong do they have to be before people and the media stop taking them seriously?" wondered Celente. "The first spending package didn't deliver as promised, and now Obama's advisors want another stimulus, as if doubling up on failure will achieve success."...

Celente contends there are but three possible explanations for President Obama and his "brilliant" team of economic advisors "misreading how bad the economy was":

1. They're ignorant, despite PhD's and impressive résumés.
2. They are so arrogant they are incapable of acknowledging that anyone outside the incestuous Beltway circle could possibly get it right ... when they've got it wrong.
3. They actually do know better, but are lying.

"None of these suffice as excuses," concluded Celente, "but the inability or unwillingness to make accurate forecasts appears to be a Vice Presidential prerequisite." This past January, departing VP Dick Cheney sloughed off his administration's central role in accelerating the financial crisis and failure to head it off, claiming, "Nobody anywhere was smart enough to figure it out."...

The Greatest Depression is at hand. The stimulus, bailout and buyout packages being forced on the nation by an Administration that "misread how bad the economy was" will only lead to "Obamageddon": The Fall of Empire America.

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Gerald Celente on the Economy 2012

Gerald Celente on the Economy

Empire America is on the verge of collapse. Its social, economic and political systems are failed and failing.

The measures taken by successive governments to save the politically corrupt, morally bankrupt, physically decrepit giant from collapse have served to only hasten its demise. While the decline has been decades in the making, the acceleration of ruinous policies under the current Administration is leading the United States – and much of the world – to the point of no return.

The "green shoots" sighted by Field Marshall Bernanke this past spring were a mirage. The 2010 economic "recovery" predicted by the same experts, authorities and financial boy scouts and cheerleaders who didn't see the economic crisis coming is pure delusion.

By 2012, even those in denial and still clinging to hope will be forced to face the truth. It will be called "Obamageddon" in America. The rest of the world will call it "The Greatest Depression."

source

Gerald Celente on the Real Crash

Celente predicting 2012 as the date for real economic trouble.

Gerald Celente on the "Bailout Bubble"

“We’re looking at a bailout bubble that’s way bigger than the dotcom bubble before it and the real-estate bubble that we’re now getting out of, or attempting to,” Celente said.

“This is unprecedented; the economic system is being restructured,” he said...

“When this bubble bursts, there’s no reinflating it because of the government intervention into it so deeply,” he said.

“As you look through history, it seems like governments become emboldened by their failures,” he added.

Celente pointed out that according to the Italian fascist leader Benito Mussolini, the merger of state and corporate powers was called fascism.

“We could call this fascism lite,” he said, referring to the government involvement in free enterprise. “After these kind of catastrophic collapses, sometimes they’re followed by war.”

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My thoughts: This coupled with what Peter Schiff was arguing at his Goggle speech paints a bleak picture. Instead of the end of the recession that many are projecting, we could be at the beginning of a period that will make the transformations to the American economy that occurred during the New Deal look small.