Gerald Celente: Greatest Depression Coming (January 12, 2011) - U2 Feedback

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Old 02-07-2011, 08:05 PM   #1
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Gerald Celente: Greatest Depression Coming (January 12, 2011)

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Old 02-07-2011, 11:51 PM   #2
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I think we're past the past the point where this could've happened. a year ago - maybe I could see this. Now, there is enough confidence to keep things afloat.
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Old 02-08-2011, 03:02 PM   #3
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Well, Celente said the same kinds of things would happen in his 2010 predictions, so treat it with a grain of salt. He has been right on some predictions but it seems to be the less dramatic ones for the most part.
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Old 02-08-2011, 04:04 PM   #4
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His collapse prediction goes back to 2009.

Confidence right now is fairly precarious and any number of circumstances could tip off another meltdown - think back to when a spike in fuel prices sparked food riots in the spring of 2008.

I agree with Celente that developing productive capacity is the only way out - short of reducing the productive capacity of large competitors - let's not go there. It's going to be a tight race.
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