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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: 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.


41 posted on 08/20/2010 7:43:15 AM PDT by Georgia Girl 2
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To: ladyjane

Sounds like more regulation and government involvement to me. Do we want government picking winners and losers? What is the definition of a “huge company?”


42 posted on 08/20/2010 7:43:54 AM PDT by kabar
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To: ladyjane

Sounds like more regulation and government involvement to me. Do we want government picking winners and losers? What is the definition of a “huge company?”


43 posted on 08/20/2010 7:44:05 AM PDT by kabar
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To: The Duke

Ever since I was a kid we lived in the rural part of wherever we were, always had a well and septic and usually a few acres to call our own.

I now live on a nice 100 acre plot with a 12 acre lake surrounded by our property, not far from town but still in the country. I know not everyone can live like this, but I have never felt comfortable having to rely on all my basic needs coming from, and being controlled by, someone else.

I have a tank of diesel, a nice tractor and on the back a 25KV generator that I can hook up to the house if I need it. I use it mostly around the property, having power anywhere I can get my tractor to is handy as hell, and I really think it is going to come in handy when the poop finally hits the fan here.

My biggest fear is having to defend what I have against people who want it in desperation, I am not a violent person by nature but I know that to some I will be sitting on a goldmine if things turn really nasty.

I really pray that I never need all the stuff I’ve accumulated, but I fear that either I or my kids will someday need it and it makes me hate the idiots in charge of this nation even more.


44 posted on 08/20/2010 7:44:25 AM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
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To: longtermmemmory

Exactly. When labor costs become too expensive or scarce, the owner looks towards greater mechanization. Whether you are manufacturing cars or harvesting wheat, the calculation is the same.


45 posted on 08/20/2010 7:47:04 AM PDT by kabar
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To: Thermalseeker

Oh, thank you! We’ll be building a coup soon. The chicken tractor is a wonderful idea. Great site!


46 posted on 08/20/2010 7:48:52 AM PDT by WestwardHo (Whom the god would destroy, they first drive mad.)
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To: Kartographer

The fun of the fake recovery is over? Fun? Recovery? Apparently I BLINKED and missed it!


47 posted on 08/20/2010 7:53:49 AM PDT by Oldpuppymax
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To: WestwardHo

Since we have so many deer ticks around here I’m thinking about building two tractors, one for chickens and the other for Guinea hens. Guineas eat a lot of ticks and they’re great watchdogs. We had about a dozen of them when I was growing up, but they roamed free. They were essentially wild birds that kind of hung around. I’ve heard their eggs are better than hen eggs and the meat is supposed to be really good, too, but we never could catch ours. I’ve since learned that the secret to keeping Guinea hens is to not let more than 1/3rd of the flock out of the pen at any one time. That way, the ones you do let out will go back and roost with the others at sunset.


48 posted on 08/20/2010 7:58:51 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Georgia Girl 2
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.

I define "cash at home" as 90%-Silver pre-1964 US Coinage, and that's what I've been saving -- as I believe that even in an extreme Inflationary Depression, precious metals will still have value. (If you want to buy bread in Zimbabwe, right now, you'd best have some Gold to exchange).

49 posted on 08/20/2010 8:01:29 AM PDT by Christian_Capitalist (Taxation over 10% is Tyranny -- 1 Samuel 8:17)
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To: Oratam

Thanks for the post. I had heard that description before, but had forgotten it.


50 posted on 08/20/2010 8:02:23 AM PDT by Christian_Capitalist (Taxation over 10% is Tyranny -- 1 Samuel 8:17)
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To: Eska

I adore Alaska. The wife and I hope to make our summer home up there, one day. You have my cordial envy.


51 posted on 08/20/2010 8:04:02 AM PDT by Christian_Capitalist (Taxation over 10% is Tyranny -- 1 Samuel 8:17)
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To: Abathar
I have a tank of diesel, a nice tractor and on the back a 25KV generator...

Man, I'd love to have a generator that size, especially a PTO driven one. I have an old Kubota 21 hp tractor (circa 1972) I never use that would be perfect for that. All three of my tractors and my truck are diesels. I've got 70 acres, about 50 of which is farmable. I've looked into growing rapeseed for oil to make biodiesel and could easily supply my entire diesel needs each year, but the problem is how to do the small scale harvesting without having to pay someone with a combine to harvest for me. Once you get the seed harvested the rest is easy.

52 posted on 08/20/2010 8:06:05 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Leisler

Hey! Government workers and retirees (Federal ones, anyway) aren’t a significant budgetary problem.


53 posted on 08/20/2010 8:06:52 AM PDT by Poundstone (A recent Federal retiree and proud of it!)
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To: Leisler

Hey! Government workers and retirees (Federal ones, anyway) aren’t a significant budgetary problem.


54 posted on 08/20/2010 8:09:16 AM PDT by Poundstone (A recent Federal retiree and proud of it!)
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To: Oratam
-- The Great Depression has been described as "want in the midst of plenty." --

The only thing missing was green paper, or equivalent. The resources are here, the will to work is here, etc. Some towns tried to surmount the government-created barrier to efficient commerce by issuing wooden money.

55 posted on 08/20/2010 8:09:19 AM PDT by Cboldt
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To: The Duke

I’ve heard that the hottest items are salt, sugar and oil.


56 posted on 08/20/2010 8:11:39 AM PDT by tiki
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To: Kartographer

ping for later


57 posted on 08/20/2010 8:21:52 AM PDT by perchprism (To those about to revolt, we salute you.)
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To: Thermalseeker

We’re just moving onto 20 acres in eastern New Mexico, high plaines, shade is a challenge with frequent high winds. The land was cheap, but we have a well, a creek, and are near the Pecos river. Approaching retirement (hah), like most following this thread, want out of the city and some ability to take care of ourselves.
The Guinea hens is a wonderful idea! I was thinking maybe a goose or two, but you know what they’re like!
I love this stuff, don’t you!


58 posted on 08/20/2010 8:23:03 AM PDT by WestwardHo (Whom the god would destroy, they first drive mad.)
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To: tiki
I’ve heard that the hottest items are salt, sugar and oil.

My wife's cousin was in Kosovo for Blackwater during the war. He said the preferred currency became toilet paper and reading material. Toilet paper I could understand, but reading material?

59 posted on 08/20/2010 8:23:32 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Oratam

That’s how my dad explained it, the farmers had food in the fields but too many people couldn’t afford it so it rotted there while people went hungry.

The problem is with the extreme cost of farming nowadays it will take exactly one growing season of that scenario to break them.


60 posted on 08/20/2010 8:25:43 AM PDT by tiki
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