GERALD CELENTE: The Financial Collapse Of 2013 Will Be Worse Than The Great Depression

TBI - KWN ^ | 12-23-2012 | Sam Ro

[JSteff]

when Obama leaves office (~ 2017

Really? We could not get enough to vote for "other than O" in the last election. So do you really think that somewhere there will be enough to finally, actually work to be sure he leaves???

He isn't. There are going to be 2 to 3 new members of SCOTUS by then. Do you really think O has not already seen what he can do when SCOTUS is solidly a tool of the Liberals and the left?

O's 3rd term was ordained because of the last election. All those who would not vote for anyone other than their idea of a "perfect" candidate on the right have by default given the left what it always wanted.

Okay, you got your wish, and voted for O (you really did!). It will require work several multiples harder than if we had anyone other than O in office. That is now a reality and is with us thanks to all those who refused to vote for anyone other than their idea of a perfect presidential candidate.

You fools. By your intransigence on who you felt was a proper presidential candidate, you actually voted for O and the liberal left. As a consolation prize you doomed us to losing SCOTUS! So you left us with an on going Christmas gift of now real terror.

Merry Christmas to all who voted O back into office. You have hastened the final downfall of what the founders gave us a little over 225 years ago.

Thank you, and Merry Christmas.

[concerned about politics]

Personally, I believe we only have until this spring - March, maybe May.
We're printing money at the rate of about 4 billion a month. We're borrowing about 4.8 billion a day. Our bonds, which are nothing but selling sweat equity on the market, i.e., slave labor, are going to be worthless unless the slaves get back to work (But they can't. No jobs. Even more jobs are going to be lost due to Obomacare and higher taxes).
We are so screwed. It's all going to crash at once. The democrats have seriously run out of other peoples money. We can't keep flushing what little money we have left down the welfare toilet, because none of it ever comes back.

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.

[khelus]

That is one frightening chart!

[GOPsterinMA]

I completely agree...it’s just that he appears to be a leftist and I really hate knowingly $upporting them in any way.

[GOPsterinMA]

I completely agree...it’s just that he appears to be a leftist and I really hate knowingly $upporting them in any way.

[concerned about politics]

It is time to bring back American jobs.

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.

[HangnJudge]

Yup - Money can be made with monetary collapse
But it's like riding the back of a tiger

[factoryrat]

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.

[concerned about politics]

I really don’t think anyone is smart enough to know when the collapse will come. But, yes, the farce will keep going for quite some time because ALL the Central Banks are playing the same game. The Powers-That-Wannabe all have the same fundamental goal: stave off social upheaval.

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).

[EEGator]

If he is a lib, at least he isn’t a vocally annoying one. (Sean Penn, Alec Baldwin, etc.)

[GOPsterinMA]

Good point. Those two you listed give whale excrement a run for their money...

[palmer]

The fundamental problem is that the Human race now produces enough to survive without everyone taking part in the workforce. While this is good in many ways, it also renders a lot of people….redundant. ....
Certainly riots—cities will burn and people will die. Perhaps even the start of a new Dark Age.

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

[existentially_kuffer]

Looks like monkeys throwing darts would be better at predicting.

[Sawdring]

Legends of the Fall was also good.

[blam]

Fed Dilemma: Growth VS. Inflation

[EEGator]

Agreed.

[rbg81]

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.

[CPT Clay]

Wow!!!..

Thank you so much for sharing. that was real

[rbg81]

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? :^)

[Georgia Girl 2]

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.