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Gerald Celente, Their [sic] is NO Economic Recovery, It's A COVERUP
market oracle ^ | 10/21/09 | market oracle

Posted on 10/25/2009 5:37:20 AM PDT by Flavius

The Worst Is Yet To Come

(Excerpt) Read more at marketoracle.co.uk ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: armageddon; armagedon; brucewillis; celente; economy; obama; zombies
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1 posted on 10/25/2009 5:37:20 AM PDT by Flavius
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To: Flavius

http://www.marketoracle.co.uk/Article14399.html


2 posted on 10/25/2009 5:37:33 AM PDT by Flavius
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To: Flavius

http://eclipptv.com/viewVideo.php?video_id=7886


3 posted on 10/25/2009 5:38:45 AM PDT by Flavius
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To: Flavius

NEWSFLASH


4 posted on 10/25/2009 5:39:02 AM PDT by servantboy777
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To: Flavius
And when the worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME.

5 posted on 10/25/2009 5:41:26 AM PDT by Lazamataz (DEFINITION: rac-ist (rA'sis't) 1. Anyone who disagrees with a liberal about any topic.)
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To: Flavius
Life has become gayer, comrades.
Life has become more joyous

Josef Stalin's proclamation after the terror famine and the purges killed several million.

6 posted on 10/25/2009 5:43:16 AM PDT by Stepan12 (Palin & Bolton in 2012)
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To: Lazamataz

“THE WORST IS YET TO COME.”

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7 posted on 10/25/2009 5:44:38 AM PDT by mark3681
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To: Flavius

For my money, or lack thereof, the cover-up isn’t going so well, either.

That being said, there won’t be enough smoke and mirrrors to go around when the reports on income, available to be taxed, come in at the end of the year.

It will be the crushing blow.


8 posted on 10/25/2009 5:45:38 AM PDT by incredulous joe ("Live Free or Fight")
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To: Flavius

The stock market is a bubble built on taxpayer (bailout) funds.

The Q3 results point out how our economy is still drifting downward (albeit, slower) via lower sales reports versus Q2.

Company profits are mostly up due to cost-cutting, not increased activity.

Shipping companies reported a bad Q3, revealing store shelves are not being stocked heavily for the Christmas shopping season.


9 posted on 10/25/2009 5:45:54 AM PDT by Erik Latranyi (Too many conservatives urge retreat when the war of politics doesn't go their way.)
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To: Stepan12

>> Life has become gayer, comrades.

Stalin was a prophet! Who knew?


10 posted on 10/25/2009 5:46:15 AM PDT by Nervous Tick (Stop dissing drunken sailors! At least they spend their OWN money.)
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To: Lazamataz
And when the worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here,
THE WORST IS YET TO COME. And when THAT worst gets here...
ZOMBIES!

11 posted on 10/25/2009 5:47:02 AM PDT by Petronski (In Germany they came first for the Communists, And I didn't speak up because I wasn't a Communist...)
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To: Flavius

As a child, I read the book “Animal Farm” and was taught that the author was writing about how communists deceive and destroy those that trust and believe them.
And now all the methods the pigs used to destroy and castigate and bring in their cruel reign over their fellow animals are being carried out before our eyes daily.
I do not know if their will even be a free election anymore.


12 posted on 10/25/2009 5:48:58 AM PDT by kindred (In the beginning, God created the heavens in the earth. Jesus is God our Saviour.)
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To: incredulous joe; All

I think I read here yesterday that government revenues (taken in from us taxpayers) are already DOWN 23% so far this year.

When the commercial real estate bubble bursts and when more people lose their homes due to foreclosure, and people stop BUYING homes to get that fraudulent $8,000 kickback money (another ‘Cash for Clunkers’ program that will do NOTHING) and another 500,000 are tallied as having lost their jobs in October (accounting due on that November 6th) and when the Bush Tax Cuts are allowed to expire...

...we should see revenue drop to 50%, LOL! And then they’ll tax us even more, hoping to get more blood out of us turnips.

Go for it, 0bama! Go for it, Pelosi! I dare ya! Tee-Hee.


13 posted on 10/25/2009 5:50:55 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Flavius

Meant to ping you to #13, too.


14 posted on 10/25/2009 5:51:43 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Flavius
Their is NO Economic Recovery, It's A COVERUP

15 posted on 10/25/2009 5:58:25 AM PDT by rawcatslyentist (Ifanationexpects tobe ignorantandfree,inastateofcivilization,itexpects whatneverwas andnever will be)
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To: Flavius

In my experience, things are rarely as good or bad as people say they are. Its usually in the middle. That being said, its hard to see how our out of control spending and fiscal policies end well.


16 posted on 10/25/2009 6:04:43 AM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: Petronski
ZOMBIES!


17 posted on 10/25/2009 6:08:24 AM PDT by Lazamataz (DEFINITION: rac-ist (rA'sis't) 1. Anyone who disagrees with a liberal about any topic.)
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To: rbg81

72% gdp BASED on consumption

guess service/healthcare based economy really is a joke


18 posted on 10/25/2009 6:09:26 AM PDT by Flavius
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To: kindred
>"I do not know if their will even be a free election anymore."

Did it look "FREE" last time?
Cerially! The ENEMEDIA picked the last place DOA outta money RNC candydate and made him our nominee!


Kidna gives the "Snowflake is the enemy of the people" line a new meaning.


19 posted on 10/25/2009 6:15:39 AM PDT by rawcatslyentist (Ifanationexpects tobe ignorantandfree,inastateofcivilization,itexpects whatneverwas andnever will be)
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To: Flavius

I agree with Celente. It is not going toget any better and will only get worse.

Why? 1. Because there is no industrail base to build to. 2.Government and environmental regulations have destroyed our industrail base [factories, shipyards, and steel mills].
3. Without an industrail base and personal ambition to better one’s self, both frowned on by this government, the tax base for the government is crippled.

To recap: No industry equates to no jobs. No jobs equals no taxes collected. and on and on.

obama will try to solve this by two methods, neither will work. 1. Print more money. 2. Raise taxes on those working in other jobs, the local governments will raise property taxes, permit fees and institute other taxes.

obama will respond to printing more money and raising taxes not working to bread and circuses for the masses. It will take the form of welfare and dope.

But this the change and hope the fools voted for.

it will go something like this: I had to chang my dope dealer, I hope he has goodstuff.


20 posted on 10/25/2009 6:17:08 AM PDT by sport
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To: sport

Just for today, I don’t do any dope.


21 posted on 10/25/2009 6:21:09 AM PDT by Lazamataz (DEFINITION: rac-ist (rA'sis't) 1. Anyone who disagrees with a liberal about any topic.)
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To: Lazamataz

I am proud of you. Keep up the good work.


22 posted on 10/25/2009 6:24:27 AM PDT by sport
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To: Flavius

my .25 cents is on Celente...................he has not been wrong yet!


23 posted on 10/25/2009 6:35:09 AM PDT by blueyon (It is worth taking a stand even if you are standing alone!)
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To: sport
Obama will try to solve this by two methods, neither will work. 1. Print more money. 2. Raise taxes on those working in other jobs, the local governments will raise property taxes, permit fees and institute other taxes.

I'm not so sure he wants to solve this. Total depression leads to people clamoring for more not less government to help their sorry a$$es.

24 posted on 10/25/2009 6:35:36 AM PDT by Don Corleone ("Oil the gun..eat the cannolis. Take it to the Mattress.")
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To: Don Corleone

I believe the same thing.


25 posted on 10/25/2009 6:40:29 AM PDT by sport
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To: incredulous joe

and when inflation hits in a year or two.


26 posted on 10/25/2009 6:41:41 AM PDT by genghis
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To: Don Corleone

The Dems are all about political power for their party. They do not give a damn about our economy. They say this every day with their actions since Jan 2009.


27 posted on 10/25/2009 6:46:10 AM PDT by etradervic (Democrat uber deficit spending proves that the swine flu originated in DC)
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To: Flavius
Celente is correct when he warns about the dollar destruction of the current administration and the fed. They are printing money to accommodate huge deficit spending which is leading to a reluctance to purchase US debt, which has led to more money printing to enable the fed to purchase our own debt. Its like getting another credit card to pay for a previously maxed out credit card. All of this works to devalue the dollar.

Unlike previous recessionary spending, I do not see the US growing out of it any time soon - especially since the gov so-called stimulus spending was socialistic and not designed to stimulate business.

With that being said, I believe that this decline will be a managed (and also deliberate) decline, not abrupt, but a decline nonetheless. Celente's recommendation to invest in hard assets (although he admits to only holding gold) is a good one. The metals will take out their previous highs as soon as this declining dollar is accompanied either by global economic stability and \ or inflationary pressure.
28 posted on 10/25/2009 7:04:10 AM PDT by etradervic (Democrat uber deficit spending proves that the swine flu originated in DC)
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To: Erik Latranyi

that cost cutting is due to sending workers home. once productivity gains are in place,those workers will not be called back. An extremely large % of the lost jobs are never coming back.


29 posted on 10/25/2009 7:11:51 AM PDT by wiggen (Never in the history of our great country have the people had less representation than they do today)
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To: incredulous joe

And, the Democraps want to add the job killing, economy wrecking Cap and Trade laws and Healthcare takeover to this?


30 posted on 10/25/2009 7:17:35 AM PDT by FreeAtlanta (There is no "O" in Transparency.)
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To: etradervic
The Dems are all about political power for their party. They do not give a damn about our economy. They say this every day with their actions since Jan 2009.

Precisely right. Too bad more citizens can't see it.

31 posted on 10/25/2009 7:17:54 AM PDT by badgerlandjim (Hillary Clinton is to politics as Helen Thomas is to beauty.)
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To: Flavius

Reality stings.


32 posted on 10/25/2009 7:22:13 AM PDT by NotSoModerate (Obama's spin isn't ordinary, it's roller coaster ride after a few beers spin.)
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To: Don Corleone
Total depression leads to people clamoring for more not less government to help their sorry a$$es.

...sorry a$$es??? Our nation is in a recession/depression and Americans are out of work and unable to feed or provide their family with a home and you call them sorry a$$es!!! I think you are the sorry a$$!!!! Lots of people did not contribute to the current economic situation and DO NOT deserve the loses they have suffered. God please help this country.

33 posted on 10/25/2009 7:26:57 AM PDT by LuvFreeRepublic ("Brett should retire" Listen up boys, HE AIN'T DONE YET!!!)
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To: Flavius
there's an old saying, "Never challenge worse." cause it can ALWAYS get worse...

some people just aren't smart enough to quit digging after the hit bottom.

34 posted on 10/25/2009 7:34:11 AM PDT by Chode (American Hedonist *DTOM* -ww- I AM JIM THOMPSON!)
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To: Flavius
Nouriel Roubini: Big Crash Coming
35 posted on 10/25/2009 7:40:07 AM PDT by blam
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To: incredulous joe

Add to that, most people did not plan for the $13 Dollar Obama reduction in withholding. If they did not change their W2’s, they may be in for a nasty suprise as they get either; a reduce return, no return or end up paying as the economy continue to decline into tax season....


36 posted on 10/25/2009 7:42:37 AM PDT by taildragger
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To: Diana in Wisconsin

Expiration of the “Bush Tax Cuts” will be a rude shock to many many many folks. I expect to be living a lot leaner next year.

It will also shock Pelosi and Reid who have already spent the increased revenue they think this will bring in. Truthfully I cannot look at either one of them anymore as even being sane. BDS destroyed them.


37 posted on 10/25/2009 7:45:06 AM PDT by silverleaf ("For America today, decline is not a condition. Decline is a choice"- Krauthammer)
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To: Lazamataz

Just about another 5 billion years or so until the sun turns into a red giant. We are all toast.


38 posted on 10/25/2009 7:51:37 AM PDT by TheFrog
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To: Flavius

Obama is just turning the charts 90 degrees counterclockwise.


39 posted on 10/25/2009 7:53:32 AM PDT by bmwcyle (We need more Joe Wilson's. OBAMA is ACORN ACORN is OBAMA)
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To: blam

tnks


40 posted on 10/25/2009 8:00:59 AM PDT by Flavius
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To: Lazamataz
THE WORST IS YET TO COME.

All hearsay!

I'll take it as truth when ammunition is hard to find and the price of it skyrockets...

41 posted on 10/25/2009 8:02:39 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Diana in Wisconsin
...we should see revenue drop to 50%, LOL! And then they’ll tax us even more, hoping to get more blood out of us turnips.

It's for the "chidren". ; )

42 posted on 10/25/2009 8:05:02 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Flavius

The news just gets better and better.


43 posted on 10/25/2009 8:07:54 AM PDT by diamond6 (Is SIDS preventable? www.Stopsidsnow.com)
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To: kindred

Have you seen the video of “Animal Farm”? I have the tape and I want to find a DVD now. I started plowing with a draft horse while still in grade school so I thought the horse in that story was an amazing illustration of what can happen to the gullible. We have a border collie who is growing very old now and every time I look at her I think of “Animal Farm”. I think it is one of the greatest books ever written and the video version is really great.

If we ever have another free election it has to be in 2010. I have great fears about it, I don’t think we had a free election in 2008, that is the worst part. I can’t say for certain that the fraud was great enough to make it a stolen election but I am certain the margin was greatly inflated by fraud. I think 2008 was very much a bloodless coup, the nomination of McCain was disastrous and the media did everything possible to elect Obama plus Acorn was totally dedicated to electing Democrats, Acorn is a one hundred percent partisan organization.


44 posted on 10/25/2009 8:29:55 AM PDT by RipSawyer (Trying to reason with a leftist is like trying to catch sunshine in a fish net at midnight.)
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To: Flavius

The world is full of crackpots. This is not a helpful or informative thread. “Buy gold and buy locally produced products,” which is what this crackpot “says” he is doing, is worthless advice. Does any rational person really believe that Americans should put 80% of their savings in gold? And just how much more should I be willing to pay for a product because it is produced in my city?

Again, this thread is time-consuming nonsense.


45 posted on 10/25/2009 8:44:35 AM PDT by olrtex
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To: olrtex

you dont have a clue who this guy is do you


46 posted on 10/25/2009 8:48:18 AM PDT by Flavius
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To: olrtex

“Again, this thread is time-consuming nonsense.”

Yet here you are. ;)

I understand silver is the better bet because it has farther to move. Meanwhile, I bought 13 acres in Kentucky - an entire finger of a plateau about 80’ above the valley below at it’s highest point. Bought it on a handshake just before the election and closed last summer.It has an artesian well and a 2 year old house. I already have beef growing on it. It’s completely self sufficient property if need be.

I AM still in Seattle, but in preparation for the whole thing I got out of my five bedroom house and moved to a one bedroom condo rental across the street (8 month lease) from my corporate office. I effectively reduced expenses by $1000 a month and sold off, and am continuing to sell off, stuff on Craigslist.

If this is all baloney, I’ll be retiring on the property in Kentucky. On the other hand, If this is what I have been predicting since September of 2006, well, we’re ready. One thing’s for sure. This is very much a “frog being boiled alive” sort of thing. If you were able to view our current situation with 2008 eyes, this would seem even worse than most of us see it.

We have entered an age of true fascism in the US and all the Dagney Taggarts are still trying to work within the system. Even Dagney turned, eventually.


47 posted on 10/25/2009 9:09:06 AM PDT by RobRoy (The US today: Revelation 18:4)
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To: wiggen
An extremely large % of the lost jobs are never coming back

Oh, the people will get some jobs back. They'll vote for them in the way of government jobs and other make work.

15% of the country is not going to just slink off and starve. They will do anything they can about it, and Third World income inequality is not going to be acceptable. They will vote to confiscate the wealth of the globalist manipulators on Wall Street if they can.

People who don't believe that engage in self delusion at their own risk.

48 posted on 10/25/2009 9:23:46 AM PDT by Regulator (Welcome to Zimbabwe! Now hand over your property....)
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To: Regulator

Although jobs come back, they come back “different”. I contracted (in IT) for just shy of $100 per hour in 2000. it dropped, eventually to $45. I became an employee at a contract site before that happened. :)

Meanwhile, there are still plenty of contract jobs and I still get pinged for them. Those that actually state a rate are ALL below $35 an hour. Some considerably so.

The jobs are there, but...


49 posted on 10/25/2009 9:49:49 AM PDT by RobRoy (The US today: Revelation 18:4)
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To: etradervic

before the doom and gloom gets out of control, look at the sequence of events that occurs with a normal economic recovery:

Guys like Celeste simply ignore all of the indicators that precede EVERY recovery: stock market up, basic materials prices up, rising industrial production, falling employment losses, corp profits improving, steep yield curve, declining credit spreads, deflation stopped.

Some industries recover faster than others. The normal sequence is high PE multiple tech (AMZN, GOOG, APPL, EBAY), then financials, then retail housing and autos, then low PE tech (IBM, INTC), then paper and chemicals...etc etc (this is explained really well in Jim Cramer’s “Real Money”, and if you don’t believe him you can go back and look at the quarterly reports for these companies yourself and see that the relative timing here is correct).

I still say this economic recovery is unfolding as normal. If you don’t trust government statistics, look at corporate earnings. High PE multiple tech leads the cycle. All of AMZN, GOOG, AAPL, EBAY exceeded expectations. More importantly, they were UP year over year in revenues and profits (except EBAY).

Year-over-year revenue growth would not be possible for any company if the doom laden scenarios of Celeste etc. were real.

One other point, if we get a normal economic recovery, and less inflation than the 1970’s, then gold is going to crash. Anyone with more than 5-10% precious metals is risking huge losses.


50 posted on 10/25/2009 10:18:19 AM PDT by Reverend Wright ( Hussein Obama is truly post-partisan: It's all about him.)
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