Trends Research Institute Director Gerald Celente has claimed to have warned the bailouts wouldn’t work. Today, Celente repeats the warning saying they still won’t work.
Back then he called it “Capitalism for Cowards”. Today it’s called stimulus programs and rescue packages.
Celente says that what’s being pitched today by the government has been tried before and if it didn’t work then, it won’t work today. President Obama states that the steps taken will without a doubt prevent us from sliding into a depression. However, Celente disagrees and says that this may slow its process but it definitely won’t stop the economy to slide into a depression.
He further states that what is being sold as “good financial news” is upon examination.
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{ 2 comments… read them below or add one }
Thank you very much for the information you provide to all of us world wide, not everyone has the guts to expose the elite the way you.
My most profound appeciation and gratitude to you and the few man who everyday speak with the truth and helps us awake to reality.
Saul Salazar
Monterrey Mexico
Gerald, thank you so much. Now My future Govt pension is about to be canned. The State is in money trouble and the Fed is no better off except they can print money until it is worthless.
God save us all.