January 11, 2010
A week into the New Year, the consensus among the Wall Street “experts” is the economy and the financial markets will continue to improve in 2010. Unlike last year, when we entered January with so much uncertainty, today pretty much everyone agrees the worst is behind us.
Gerald Celente does not agree.
Celente, the director of the Trends Research Institute, who’s been tracking trends for 30 years, thinks 2010 brings with it the Great Depression we narrowly avoided last year. Celente’s been making this prediction for several years, and as we know was nearly proved right.
Extraordinary government intervention helped prove him wrong, something he didn’t anticipate. “We never thought we’d be buying companies like AIG, we never thought we’d own parts of General Motors,” he tells Aaron in the accompanying clip. “The government’s never done these things before.”
Celente believes the bailouts have just postponed a depression — not prevented one: “The hand may change but the game doesn’t change.”
Celente says the recent signs of economic recovery are nothing more than a boost based on “a stimulus economy.” Once those measures are pulled back and interest rates rise, the economy will once again tank.
U.S. Postponed the Great Depression, Not Prevented It – Gerald Celente
Celente on 2010: Wave of Terror, Internet revolt & War on migration
January 12, 2010
What does the new year and new decade have in store for the World? Is the financial crisis over? Will Afghanistan be won and terrorism be beaten at home? Are people fed up of America’s politics and media? To answer these questions and more, RT spoke to the renowned Trends Forecaster Gerald Celente.
Tell the FCC: Support net neutrality. (Action Alert)