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
Sam Ro
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 ...
Even the democrats know they've screwed up (for once), but they'll never admit it in public. They're trying to take over the Republican base (military and tax payers), so they can eventually rewrite history again and blame the Republicans for the welfare state.
That is one frightening chart!
I completely agree...it’s just that he appears to be a leftist and I really hate knowingly $upporting them in any way.
I completely agree...it’s just that he appears to be a leftist and I really hate knowingly $upporting them in any way.
Won't happen. The tax rate on business is way too high. The environmental laws are too oppressive, and there's threats of a carbon tax on top of that. A wise businessman would build in a lower taxed country without even thinking about it.
Then there's the cost of union labor. It's all too much. The profits just aren't here.
As long as our government keeps taking and taking - then wasting and wasting, that's not going to change. In fact, I think the Oboma administration is going to drive out even more businesses . If a business can escape - it will.
Heh heh, I’m waiting to see what what happens when the other shoe drops with china. All of these companies rushed to china to get in on the cheap labor gravy train, sold their souls and trade secrets to the communists, and in the process gave away the keys to the kingdom. What will we do when they start calling in all of those notes we’ve been floating them? Tell them no? They OWN our manfacturing capacity, they OWN all of the factories pumping out cheap consumer products, computers, auto parts, and almost all of the high tech products on the market today. The chinese will take all of those companies operating in china, and make them their own, and nobody will be able to do anything about it. It’s a brilliant plan really, and one that the communist chinese put into motion a long time ago, and they will thank the suckers (investors) for falling for it.
Well put. Good job. That's exactly what we're witnessing, and you put it into understandable terms.
(We have a false economy, but I've always found it hard to explain).
If he is a lib, at least he isn’t a vocally annoying one. (Sean Penn, Alec Baldwin, etc.)
Good point. Those two you listed give whale excrement a run for their money...
Seems a little odd that there's no iPhone app to stop the riots and chaos. It might even be the opposite (high tech riots). It is theoretically not possible for people to die of hunger with such incredible productivity, and it seems impossible to die of boredom with all the varieties of entertainment we can partake of. But it promotes sloth and eventually barbarism and those are really not separate problems.
The danger of living on bread and circuses: http://www.bloomberg.com/news/2011-06-02/the-danger-of-living-on-bread-and-circuses-alice-schroeder.html
Looks like monkeys throwing darts would be better at predicting.
Legends of the Fall was also good.
Agreed.
I think its a bit premature to get so hot under the collar. Personally, I think Obama will leave. If nothing else, he wants to live the good life of an Ex-POTUS. Most of the perks and none of the responsibility or scrutiny.
Wow!!!..
Thank you so much for sharing. that was real
Yes, people imagine they’re productive when they sit at screens and communicate. Its just hot electrons instead of hot air. And, at time, I’m as guilty as anyone. Imagine that? :^)
The only argument I have with Celente on this one is that the Federal Reserve could continue to buy bonds for quite a long time and keep the bubble from bursting for a couple more years. Of course we will see higher and higher inflation. He’s right though, at some point the bubble will burst.
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