Saturday, June 06, 2009

Gerald Celente Interview : It’s the end of the world as the Greater Depression hits after 2010

"...Mr. Celente follows over 300 trends: family, crime, war, education, consumer & business patterns which Trends Research Institute synthesizes to predict the future..."

"...We predict state secessionist movements will rival the breakup of the Soviet Union."

"The only way we can ever recover is to return to individual community, personal responsibility, local government. Next, average will disappear, Quality will return. Look at GM. Junk cars financed by junk bonds. Now owned by a junk government. As a consumer, don’t consume quantity -- consume quality."

"How will it all end?", we queried. Will the dollar survive?

"The dot com bubble should have burst and gone away in a short sharp recession. But the boys at the Fed re-inflated the economy by lowering interest rates to a 46 year low -- and in turn created the real estate bubble -- much bigger than the dot com bubble. "

"Now they’re creating the bailout bubble -- which will ultimately dwarf the real estate bubble. It will cause the implosion of the global economy world wide -- which will not be able to be repaired by creating yet another bubble. Every time the government fails, it tells a bigger lie and then a still bigger lie..."

The rest of the interview here, from Human Events.