Gerald Celente: The Recession is Heading Toward Depression

[Ares]

Trends forecaster Gerald Celente gives his analysis on President Obama attempting to boost the public’s confidence on the economy.

http://www.youtube.com/watch?v=9WpLIf1fgx0

“What Obama’s doing out there is he’s hustling a confidence game. It really is presidential porn, that if you just wait until election day and have confidence, they’ll be an economic orgasm at the end of the day.”

Celente calls the stimulus a “money drug” and points out that the two-big-to-fails got even bigger and the production jobs we need are overseas. He says the economy is similar to the wars, in that no progress is being made.

“We are not pulling out of this recession. We haven’t left it. It’s not a double dip recession. It’s not a W, it’s not a V, it’s not an L, it’s a recession heading toward depression.”


http://www.bullsource.com/gerald-celente-the-recession-is-heading-toward-depression/

[Still Barbaro]

I like Celente's analogies. Cancer is eating away at the body, but you just take pain pills.

It kills the pain temporarily but it doesn't stop the cause.

[Desolation LineTrimmer]

The woman interviewing Celente looks like she's wearing her nightie.

[Neuro]

Trends forecaster Gerald Celente gives his analysis on President Obama attempting to boost the public’s confidence on the economy.

“What Obama’s doing out there is he’s hustling a confidence game. It really is presidential porn, that if you just wait until election day and have confidence, they’ll be an economic orgasm at the end of the day.”

Celente calls the stimulus a “money drug” and points out that the two-big-to-fails got even bigger and the production jobs we need are overseas. He says the economy is similar to the wars, in that no progress is being made.

“We are not pulling out of this recession. We haven’t left it. It’s not a double dip recession. It’s not a W, it’s not a V, it’s not an L, it’s a recession heading toward depression.”


http://www.bullsource.com/gerald-celente-the-recession-is-heading-toward-depression/
ı believe this is absolutely the right analysis from celente. the only thing was that the time frame from onset of recession until depression was extended a few years from the massive money printing and stimulus programs...

[Desolation LineTrimmer]

Truth of the matter is none of us knows what is going to happen, but it isn't looking good, and gold is probably a very good bet, although I wouldn't put it past those bastards (tptb) to try and ruin gold holders out of spite, if nothing else.