(Gerald Celente video interview follows my comments below)
Gerald Celente appears on the Glen Beck shows, February 10, 2009 to discuss the ‘economic apocalypse.’
Glen Beck: We’re living in an extraordinary time as a globe right now, are we not?
Gerald Celente: Like nothing we’ve ever seen in our lifetime or I would say anyone’s life time.
Beck: Why do you say that?
Celente: We’re looking at the collapse of ’09. We’re going to start seeing the retail sector collapse. We’ve already seen it from retail sales in 2008. And now we’re going to see it in 2009. a lot of empty stores. A lot of vacancies. And also the commercial sector of real estate as well. It’s way overbuilt and it’s going to be a collapse worse than the preceding one.
We’ve discussed this in previous articles including The Body Count is Rising: Job Cuts Continue and Commercial Real Estate Under Threat – The Next Bubble at Critical Mass. This is a serious mess, and for those that thought the sub-prime mess was bad, now imagine what commercial real estate defaults will do to Citi, Bank of America, and even Wells Fargo, who has thus far looked like a Prince in the banking sector. Commercial real estate and its affects on the financial sector is going to lead the coming destruction of our stock market.
Beck: Is there anyway to spend our way to make it better?
Celente: You have to produce your way out of problems. This is economics for dummies. You can’t print money based on nothing and expect it to fix the problem.
This mirrors the warnings that Peter Schiff  has given us for the last several years. Our new “stimulus” plan will not stimulate — it will only spend more money we don’t have.
Celente: If you follow the leaders, you’re going to fail. We’re going into this — you better learn how to fight for your survival in intelligent ways. We’re going into the Greatest depression, it’s going to be worse than the ’29 depression.
[In 1929] we had budget surplusses, not 10.5 Trillion in the hole. We had a manufacturing base to produce our way out of this. For these politicians to bring up the 1930′s, it’s moronic. when i look at people looking to Washington to solve the problem, show me one, one program that they could say ‘look at the great job that we did’.
there is not one thing the government can do to solve this problem. They don’t have the intelligence, they don’t have the methodology.
It can’t be any clearer than what Gerald Celente is saying. Yes, the government says they will fix this. Yes, the mainstream media echoes their confidence. But imagine for a minute…. that they are wrong. What if the SHTF as Gerald Celente and Glen Beck forecast?
Watch the Gerald Celente Interview with Glen Beck:
Author:
Mac Slavo Views:
Read by 759 people Date: February 11th, 2009 Website:www.SHTFplan.com
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I think it will happen… That’s not cool… But It’s better to be prepared knowing the possibilities, then being blind with optimism… I don’t know if I made any sense… Oh well… Get ready.
If all you’ve got is name calling, please request permission before speaking Republican1. Ron Paul is brave, smart, and above reproach, and Gerald Celente is TOTALLY unbiased and respectable. Glen Beck is a wingnut patriot, but anti-American? Really? That’s dumb.
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Comment by JustOneGuy: "Howdy BI! That’s the 64 dollar question Friend which I attempted to answer a bit ago in forum. To wit, here’s the rub: The SPEED of..."
Comment by Be informed: "@ Thinker. Daisy did a nice little write-up on this, and basically what it adds up to for Adam or anyone the stirs the pot of free thought, they..."
Comment by JRS: "I’ve never seen any of the Star Trek movies, but the old TV shows I did watch. I used to daydream that I was Captain Kirk and at the end of every..."
Comment by Be informed: "From the first moment we see a massive flare from the Sun erupt, just how long would you estimate before the EMP hits the planet. I think..."
Comment by JustOneGuy: "Merree, You CAN come out again…when you See the Light of the NEW DAWN just touching the Sky…stay DOWN till then. JOG"
Comment by Uncle Tom: "Good for you. I’ve just started downsizing myself. After a lifetime of scratching and scrapping to make ends meet, it is hard to realize that..."
Comment by JustOneGuy: "Oh, BTW FYI…I don’t think that VRF or I mentioned that Ms Rebello was HEAD-SHOT by the officer-involved during the course of the..."
Comment by JustOneGuy: "Get ALL over THIER sad-asses VRF!! Yeah buddy, indeed, “How IS that Gun-Control” working out for you all up in NY? WELL, I’M..."
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I think it will happen… That’s not cool… But It’s better to be prepared knowing the possibilities, then being blind with optimism… I don’t know if I made any sense… Oh well… Get ready.
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Now even Greenspan is saying, the worst is not over. The question is, the man who lead us to this precipice, does he have any answer?
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Glen Beck is anti-American and a nut job! The FBI should arrest this individual for sediton and subversion!!!
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If all you’ve got is name calling, please request permission before speaking Republican1. Ron Paul is brave, smart, and above reproach, and Gerald Celente is TOTALLY unbiased and respectable. Glen Beck is a wingnut patriot, but anti-American? Really? That’s dumb.
Rate This Comment:
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0