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IDemo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-20-10 05:52 PM
Original message
"One of the good businesses to get in to may be guillotines,"
And Now We're Headed For The GREATEST Depression, Says Gerald Celente

Posted Aug 20, 2010 08:47am EDT


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. This has put a shocking amount of the country's wealth in the hands of a privileged few and left the rest of the country to subsist on chicken-feed wages and low job satisfaction as Wal-Mart "associates" -- or worse.

The answer, Celente says, is to bring back the laws that prevented huge companies from getting so big and powerful, and put some opportunity back in the hands of ordinary people. But doing that is going to take a while. And in the meantime, we're headed for trouble.

http://finance.yahoo.com/tech-ticker/article/535350/And...
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HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-20-10 05:53 PM
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1. Well, thank goodness the milky way will explode in 2012 and this won't be an issue.
:crazy:
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TheKentuckian Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-24-10 02:41 AM
Response to Reply #1
5. Why would a galaxy explode? Is that supposed to be clever or is that the sound you make when
as you bury your head in the sand? This shit is serious some of its are drowning in this mess.
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-20-10 05:58 PM
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2. This article would have been useful had it been written about 9 years ago.
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Fumesucker Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-20-10 06:01 PM
Response to Reply #2
3. "Being right too soon is socially unacceptable".. -Heinlein.. n/t
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Bonhomme Richard Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-20-10 06:49 PM
Response to Original message
4. I don't see anything changing unless the Uber-Wealthy personally
feel the pinch with personal consequences.
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-24-10 02:48 AM
Response to Original message
6. I honestly don't think it's possible to wrest control of the government away from corporations.
They have the money, and money runs elections. It literally takes thousands of workers to outspend what a couple of millionaires could do as far as buying ads for a candidate go. They own most of the presses. They have the major news outlets on lock-down. They have governors and mayors in their back pockets as well as judges.

What's left to do? We're running out of options here. Soon, there will be no money left to field any good candidates.
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