Skip to comments.GERALD CELENTE: The Financial Collapse Of 2013 Will Be Worse Than The Great Depression
Posted on 12/23/2012 6:15:04 AM PST by blam
GERALD CELENTE: The Financial Collapse Of 2013 Will Be Worse Than The Great Depression
Dec. 23, 2012, 5:07 AM
Forget the Mayan Apocalypse.
Gerald Celente, the popular trends forecaster of Trends Research, cites the work of a former Treasury official and warns that the bonds are in a massive bubble that will burst in 2013 in what will be a financial collapse like nothing we've seen before.
He recently spoke about it in an interview with King World News:
This piece is being penned by Dr. Paul Craig Roberts, the former Assistant Treasury Secretary under Ronald Reagan. And he is convinced that the bond bubble is about to burst. This cannot continue to go on the way it is. Everyone knows that the whole game is rigged, and so is this....
The whole game is rigged. Its ready to go down, and Dr. Paul Craig Roberts believes its Bonds Away in 2013 as the bond bubble explodes and brings about a financial disaster even worse than the Great Depression. ... Because the whole world is being propped up by these phony bonds and its going to collapse. It has to happen. Interest rates are going to start going up, and when they do the bond bubble explodes. You cannot keep interest rates at zero for this amount of time and expect anything other than disaster to follow.
Speaking of the the recent sell-off in gold prices, Celente is convinced that the metals market is being manipulated.
Read more at KingWorldNews.com.
(Excerpt) Read more at businessinsider.com ...
I am sick of hearing about the coming “crash”, “recession”, “depression”, etc.
Zero liability voters will continue to vote liberal.
Talk about conflicting articles and views, I just saw an article that claims 2013 will be a year will amazing employment numbers.
Glass half full, half empty kind of world. Of maybe the media is schizophrenic?
While I like Gerald Celente, I don’t find this latest screed convincing. But, of course, he COULD be right.
Until the EBT cards all flash “ERROR.”
They they will vote to loot the stores, as in the image above.
Read “When the music stops: How America’s cities may explode in violence”
This a good approximation of what will happen when the EBT cards stop working:
I think US Treasury bonds are definitely a bubble in the classic sense. But the thing is that EVERYONE is in the same boat: the Japanese, the Europeans, and US. All the central banks that matter are printing like crazy and buying their own bonds with the $$. And the rest of the World depends on the Japanese, the Europeans, and US for their livelihood. So, the game will probably go on for some time. In fact, the US is likely to be the “last man standing” when the others collapse.
It will eventually end in disaster, but probably not in 2013.
No not everyone.
China is making virtually everything now.
China is doing just fine. Owning 50% of all the factories we use, to use Chinese employees to manufacture everything anymore.
How about we start paying attention to that.
I like Gerald but I’m still waiting for the crash/depression he predicted for 2012. I know the unemployment rate and inflation are higher than the government is saying but companies are making money and are flush with cash waiting to be spent.
“Talk about conflicting articles and views, I just saw an article that claims 2013 will be a year will amazing employment numbers.
Glass half full, half empty kind of world. Of maybe the media is schizophrenic?”
Depends on whether you think the numbers will be amazingly good or amazingly bad, I suppose.
The b.i. blog has a perfect track record, predicting 20 of the last 0 crashes.
That said, I’m sure they will be correct one of these days, maybe sooner rather than later.
And the rest of the World depends on the Japanese, the Europeans, and US for their livelihood.
That's true for the Chinese and, to a lesser extent, to the other BRIC members. Its also very true for any oil producing nation. The effect of our paper suddenly become worthless would be very devasting to them too. So they will play along and look the other way....for quite a while. Bernake and his ilk are fully leveraging the fact that the West and Japan has the rest of the World by the short hairs. But, as I said, it won't last forever. Something will break loose. I'm just not smart enough to know what or when--not sure anyone does. I just think 2013 is too early. My hunch, and that's all it is, is more like when Obama leaves office (~ 2017). That's when things will get REALLY interesting.
I imagine this is true for the "Financial Apocalypse Prediction" businesses, as well.
WHOA!!! WOW!!! That looks INTENSE!!!
Bratt Pitt or no, I’ll throw down a few dollars to see that next year.
It is time to bring back American jobs.
It is also time, to use our tax code, to make that decision profitable for companies ready to back production to America.
We are trillions in debt, yet we allow our own companies to offshore their operations and operate as if continental distinctions are non-existent.
That was a good idea, until it started ruining America.
Now we need to change that. Before we collapse.
Tax imports. Significantly.
With the implementation of Obamacare & higher taxes for virtually everybody, I believe the economy can’t do more than limp along at its current rate. That’s the most optimistic outlook. Business will take a while to adjust to the ‘new normal’.
I’m pretty tired of the prognostications of a coming crash myself. If everything is being manipulated, they will continue to do so. Japan has been at zero interest for a couple of decades, haven’t they? This could go on for years.
I think all the “ants” crawling up the building at 2:16 is fairly accurate as to how it will look when the stores shelves go empty.
I don’t think they grow any food inside the beltway, but you have to admit, they have some of the most efficient and prolific manure spreaders found anywhere.
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