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And Now We're Headed For The GREATEST Depression, Says Gerald Celente
TechTicker/YahooFinance ^ | 8/20/10 | Henry Blodget

Posted on 08/20/2010 6:43:23 AM PDT by Kartographer

The fake "recovery" was nice while it lasted, says famous apocalyptic forecaster Gerald Celente, founder of the Trends Research Institute. But now the fun's over, and we're headed for what Celente describes as the "Greatest Depression."

Specifically, the always startling Celente says the country is headed for rising unemployment, poverty, and violent class warfare as the government efforts to keep the economy going begin to fail.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Government
KEYWORDS: celente
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To: Pessimist
The bootm line is that as long as the media does its propaganda job, and most Americans still have a roof over their heads and food in their bellies, it’s not gonna happen.

We have a huge underclass that has been on the government dole for 40 or more years. That mean entire generations of people know nothing but government handouts. It has become an expectation and in their mind a right as dear to their hearts as freedom of speech is to yours.

What do you think will happen when these benefits are cut?

21 posted on 08/20/2010 7:16:13 AM PDT by CharacterCounts (November 4, 2008 - the day America drank the Kool-Aid)
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To: Kartographer

WELL, seems like no one is interested in DOWNSIZING Government.

END EPA,EDU.NEA, INTERIOR.etc etc


22 posted on 08/20/2010 7:18:10 AM PDT by Marty62 (marty60)
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To: Christian_Capitalist
We live in a rural community along the Yukon. Fuel is 6 bucks but life is pretty inexpensive for everything else. Always remember it's not how much you make, it's how much you spend that counts. You cannot imagine the difference in the cost of living between our rural community and say Fairbanks; and we don't even have prop taxes were we live in an unorganized (local govt) community. Very limited services, no taxes, no law enforcement, no crime, life is good.

WE also have huge garden, access to fresh wild salmon, and moose & caribou make up a large part of our meat. A man can do quite well with 1000 lbs of tatoes in basement.

I see huge increases in the price of food coming down the road for America. Many people in urban areas will see the affects of these increases.

23 posted on 08/20/2010 7:18:26 AM PDT by Eska
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To: Free America52

Thanks!


24 posted on 08/20/2010 7:20:24 AM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Lurker

It’s not too difficult to build one. I did last year and now have a nice flock of New Hampshire Reds.

My biggest problem has been foxes and raccoons. I do let mine free range sometimes, but you have to keep your eyes open for predators.


25 posted on 08/20/2010 7:20:51 AM PDT by Ammo Republic 15
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To: kabar
bring back the laws that prevented huge companies from getting so big and powerful, and put some opportunity back in the hands of ordinary people.

The opposite of increased regulation and taxes on small businesses.

26 posted on 08/20/2010 7:23:06 AM PDT by ladyjane
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To: Christian_Capitalist

Ireland during the potatoe famine, killing a million or more Irish, was exporting grains.

Mao exported grain for forign money to buy needed forign goods while 10 million starved to death. So too Stalin in the late 20’s, early 30’s, starving up near 10 million.

During our Depression we had one arm of the government spending tax money to keep crop/food prices high, and another arm taxing to buy high cost foods for those that couldn’t afford food. Also we taxed, bought and destroyed a lot of food. Victor David Hanson talks about his father’s farm having 30 relatives living on it at one time.

Trust me. These socialist idiots can do exports and staving at the same time. Easy. You, me, us, we are the economic shock absorbers of the socialist state. We take the hit, so that they may have their comforts.


27 posted on 08/20/2010 7:24:20 AM PDT by Leisler ("Over time they create a legal system that plunders and a moral code that glorifies it." F. Bastiat)
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To: dalebert
And O. J. Obama walks free...
"ADIOS, America...."
28 posted on 08/20/2010 7:24:26 AM PDT by BenLurkin (Will must be the harder, courage the bolder, spirit must be the more, as our might lessens.)
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To: CharacterCounts

Don’t also forget the government workers. They are habituated to govthink, and in some ways may be worse off than those on the dole, whom in my observation show immense flexibility and creativeness in ‘working’ the system.


29 posted on 08/20/2010 7:26:49 AM PDT by Leisler ("Over time they create a legal system that plunders and a moral code that glorifies it." F. Bastiat)
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To: BenLurkin

For now.


30 posted on 08/20/2010 7:28:36 AM PDT by Biggirl (AZ Is DOING THE JOB The Feds Should Be Doing, ENFORCING The Southern Border! =^..^=)
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To: CharacterCounts

They’ll be the absolute last to be cut, due to political considerations.

And if and whent hey are, those cuts will be attributed to the greed of the “haves”.


31 posted on 08/20/2010 7:28:49 AM PDT by Pessimist
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To: Kartographer

399 pages. holy cow.


32 posted on 08/20/2010 7:29:13 AM PDT by mainevet (Get a Glock G26)
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To: All

REMEMBER in November!


33 posted on 08/20/2010 7:30:32 AM PDT by Biggirl (AZ Is DOING THE JOB The Feds Should Be Doing, ENFORCING The Southern Border! =^..^=)
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To: kabar

when temp immigrant grapefruit pickers (seasonal work permit visas) threated strike and unionization, the growers paid some “brains” to come up with a machine to do the job.

They succeeded and that ended that.


34 posted on 08/20/2010 7:32:09 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: The Duke
"Salt and soap will be good items for bartering if the worst comes to pass (hopefully not)."

Spices of all kind are a good item to stock. ITSHTF trade with countries where spices are harvested might dry up or if they are harvested and processed here in the states they may be stopped to focus those factories/farms on food stuffs instead.

Spices can be bought in bulk at places like Sam's Club really cheap compared to those little packages you get at the grocery store.

35 posted on 08/20/2010 7:33:37 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the next one...)
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To: Christian_Capitalist

You’re right. The Great Depression has been described as ‘want in the midst or plenty.’


36 posted on 08/20/2010 7:35:55 AM PDT by Oratam
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To: Oratam
that should read: ‘want in the midst OF plenty.’
37 posted on 08/20/2010 7:38:59 AM PDT by Oratam
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To: Leisler
Ireland during the potatoe famine, killing a million or more Irish, was exporting grains.

Wasn't Great Britain forcibly expropriating the Irish grains, though?

Mao exported grain for forign money to buy needed forign goods while 10 million starved to death. So too Stalin in the late 20’s, early 30’s, starving up near 10 million.... Trust me. These socialist idiots can do exports and starving at the same time. Easy.

Alright. Your points are well taken. Under a Communist dictatorship (or its imperialist corollary, in Ireland's case), it is possible for a country's economics to be so FUBAR-ed that the people are starving while their Government is exporting their grain. It can happen. It has happened.

But I'm hoping that the Gun Owners of America would be successful in preventing it from happening here.

So:

As always, JMHO.

38 posted on 08/20/2010 7:41:53 AM PDT by Christian_Capitalist (Taxation over 10% is Tyranny -- 1 Samuel 8:17)
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To: Lurker

Unless you have a large family or eat a lot of eggs, 4-5 birds will give you more than enough eggs, especially with birds like Buff Orpingtons or Rocks. Mine lay 1-2 eggs per bird per day in the season. If times go really bad having a little excess will come in handy for bartering.


39 posted on 08/20/2010 7:42:15 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Christian_Capitalist

Don’t count on the Govt to save you when the banks fail. You won’t want to be within 5 miles of a bank. When folks find out that ATM machine ain’t workin Look out Lucy. Its a good idea to have several months of food stores and some cash at home in case you need to stay away from society and lay low for awhile. When this economy finally crashes its going to get ugly.


40 posted on 08/20/2010 7:42:58 AM PDT by Georgia Girl 2
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