"...and now we're headed for the greatest depression."

[katty]

more:
http://finance.yahoo.com/tech-ticker/and-now-were-headed-for-the-greatest-depression-says-gerald-celente-535350.html?tickers

And Now We're Headed For The GREATEST Depression, Says Gerald Celente

.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.

The crux of the problem, Celente argues, is that the middle class has been wiped out. America used to be a land of opportunity for all, where hard-working people could build their own small businesses in their own communities and live prosperous and fulfilling lives. But now a collusion of state and corporate interests that Celente describes as "fascism" have conspired to help only the biggest companies and the richest Americans.

[Skink]

1. Ya think

:beer:

[katty]

2. yeah ya think?!

[babylonsister]

3. More doom and gloom? I can't buy that. Instead of blaming it

on government efforts, I'd prefer to read someone proclaim that the rethugs efforts to obstruct any help that has been suggested by the government, which interestingly they're supposed to be a part of, might be the crux of the problem.

[Sinistrous]

10. Amen to that. n/t

[madrchsod]

4. no.....but it sells soap

[FSogol]

5. *Snicker* "Yahoo Finance"

:shrug:

[leveymg]

6. I think, I'll have another. Bartender!

:beer: Now, that's good. . . . audible gustatory gaseous relief . . . Ya, I think, excuse me while I wipe my chin . . . wipe . . . popcorn, the popcorn's good here . . . crunch, crunch, :popcorn: . . . "fascism" is just about the right word for it. Whatya think? :popcorn: How's about bottoms up and another round, kidz . . . :toast:

[ixion]

7. Mr. Celente is correct

in my opinion.

[cloudbase]

8. I think so, too.

None of the fundamental stuff is good. There's high unemployment, a declining manufacturing base, governments at every level are insolvent, the list goes on. It ain't gonna be pretty.

[EmeraldCityGrl]

9. Celente is on the right track. Had someone told you

at the end of Clinton's presidency we'd be in the position we are today people would have laughed as well.
It's no longer about looking into a crystal ball or relying on conspiracy theories it's about the economic
numbers and the hard cold facts. Obama at his very best is but one man. No matter how brilliant one
might believe he is, it's impossible to expect anyone to get us out of years, decades of economic destruction
without a lot more pain.

In the end we may be a better country because of it, but it's not gonna be pretty.

[grasswire]

11. just FOUR actions can turn this around -- do Dems have the will?

1. Tax the rich their fair share.

2. Enact legislation discouraging offshoring of jobs and encouraging return of jobs to U.S.

3. End corporate welfare.

4. Pass a significant stimulus ($5000) to every adult man and woman making under $100,000/year -- pass it this year.

Do Democrats have the will to stop a Great Depression? It isn't inevitable. Look at Germany. Pulling out of their slide.

Are we so weak that we prefer the destruction of generations, violent class struggle, and other societal horrors?

Are we? Are you? Am I?

[EmeraldCityGrl]

12. Here's what I think...

There is a percentage of the population still clinging to the "middle class."
They're still employed, working harder and harder for less compensation,
less benefits, taking on more debt. They think maybe they will be one of
the few that make it out of this economic nightmare whole. Until the policies
of the last thirty years trickles down to this remaining portion of the population
we will not have the collective will to make the changes you suggest. But, that
time is coming and when it does changes will be made or the proverbial shit
will finally hit the fan.

[grasswire]

14. it doesn't have to be that way

We don't have to slip into chaos.

Each of us has to up the pressure on Democratic leadership. We have to DEMAND action.

Either we can face this now under Dem leadership, or we can go into the darkness under a despot.

[EmeraldCityGrl]

16. DEMAND!

"If there is no struggle there is no progress. Those who profess to favor freedom and yet depreciate agitation…want crops without plowing up the ground, they want rain without thunder and lightening. They want the ocean without the awful roar of its many waters…. Power concedes nothing without a demand. It never did and it never will."

Frederick Douglass, 1857

You tell me how to best leverage our power and demand what we need/want/must have to survive and prosper and i'm there.

[Dr.Phool]

13. No they don't.

[Indydem]

15. Not that simple

1. Of course.

2. The REAL problem is not off shoring of jobs. The real problem is the cheap labor and free trade equation. Unless you are willing to slap tariffs on every country out there, start numerous trade wars and piss off our biggest debt holder, then you aren't going to have much success.

3. Yeah, I don't think many liberals would blink on this one.

4. Are you REALLY advocating spending 1.5 trillion dollars on stimulus to every American? I can tell you right now, if I get a check for $5000 I'm not spending it on anything other than bills and saving the rest, the exact problem we have now, namely no one spending any money.

[Citizen Worker]

17. The current economic conditions shouldn't come as any surprise. This is the logical outcome of

"free trade" agreements. Abrogate the NAFTA, CAFTA and WTO treaties and the economy will improve. Until that happens things are only going to get worse, Celente is right!