Entering the Greatest Depression in History
Gerald Celente, the head of the Trends Research Institute, the major trend-forecasting agency in the world, wrote in May of 2009 of the “bailout bubble.” Celente’s forecasts are not to be taken lightly, as he accurately predicted the 1987 stock market crash, the fall of the Soviet Union, the 1998 Russian economic collapse, the 1997 East Asian economic crisis, the 2000 Dot-Com bubble burst, the 2001 recession, the start of a recession in 2007 and the housing market collapse of 2008, among other things.
On May 13, 2009, Celente released a Trend Alert, reporting that, “The biggest financial bubble in history is being inflated in plain sight,” and that, “This is the Mother of All Bubbles, and when it explodes [...] it will signal the end to the boom/bust cycle that has characterized economic activity throughout the developed world.” Further, “This is much bigger than the Dot-com and Real Estate bubbles which hit speculators, investors and financiers the hardest. However destructive the effects of these busts on employment, savings and productivity, the Free Market Capitalist framework was left intact. But when the 'Bailout Bubble' explodes, the system goes with it.”
Celente further explained that, “Phantom dollars, printed out of thin air, backed by nothing ... and producing next to nothing ... defines the ‘Bailout Bubble.’ Just as with the other bubbles, so too will this one burst. But unlike Dot-com and Real Estate, when the "Bailout Bubble" pops, neither the President nor the Federal Reserve will have the fiscal fixes or monetary policies available to inflate another.” Celente elaborated, “Given the pattern of governments to parlay egregious failures into mega-failures, the classic trend they follow, when all else fails, is to take their nation to war,” and that, “While we cannot pinpoint precisely when the 'Bailout Bubble' will burst, we are certain it will. When it does, it should be understood that a major war could follow.”
However, this “bailout bubble” that Celente was referring to at the time was the $12.8 trillion reported by Bloomberg. As of July, estimates put this bubble at nearly double the previous estimate.
As the Financial Times reported in late July of 2009, while the Fed and Treasury hail the efforts and impact of the bailouts, “Neil Barofsky, special inspector-general for the troubled asset relief programme, [TARP] said that the various US schemes to shore up banks and restart lending exposed federal agencies to a risk of $23,700bn [$23.7 trillion] – a vast estimate that was immediately dismissed by the Treasury.” The inspector-general of the TARP program stated that there were “fundamental vulnerabilities . . . relating to conflicts of interest and collusion, transparency, performance measures, and anti-money laundering.”
In other words, the IG of TARP says the system is being looted from within and cronies in on the theft are protecting one another and buying off Congress to look the other way or hold some lame-ass hearing that gets nowhere, nor does it find anything out about where the money got off to, but it gives Congressional members camera face time to look stern, act and talk tough.
Why, they might even get indignant and wave a naughty finger at the crooks..
Fair Use Notice
This web site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance the understanding of humanity's problems and hopefully to help find solutions for those problems. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. A click on a hyperlink is a request for information. Consistent with this notice you are welcome to make 'fair use' of anything you find on this web site. However, if you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. You can read more about 'fair use' and US Copyright Law at the Legal Information Institute of Cornell Law School. This notice was modified from a similar notice at Information Clearing House.
- ► 2017 (315)
- ► 2016 (214)
- ► 2015 (218)
- ► 2014 (207)
- ► 2013 (323)
- ► 2012 (187)
- ► 2011 (277)
- ► 2010 (375)
- Cindy Sheehan: America needs to wake up
- Apocalyptic Pastor Claims to be Protecting ex-Musl...
- USAG Holder: The man who covered up Waco will now ...
- "Are you a REAL American?"
- AIPAC to go on mourning for Ted Kennedy
- More Glorious News from the Iraqi Front, Comrade!
- "If a Jew needs a liver, can you take the liver of...
- The Holocaust™/anti-Semite card©. Don't leave hom...
- Billionaires for Wealthcare
- More proof of Israeli War Crimes
- Hasidic Mobsters running amuck in New York state
- And now, for something completely different!
- GOLDFELLAS (Goodfellas spoof of Goldman Sachs)
- FEMA Mass Evacuation Bus: The Government's Secret ...
- U.S. woman in IDF shirt yells 'Heil Hitler' at Isr...
- Watch Israeli agent Orly Taitz in action
- MOSSAD plans to detonate a nuke in the USA
- Wiping out America's Debt
- Medical Experts: Palin “Too stupid to live”
- Jewish Mom Realizes Zionist Upbringing Was Based O...
- Meet the 3 Million dollar Man who gets to decide i...
- Jimi Hendrix at Woodstock
- Exclusive pics of the interior of doomed WTC Fligh...
- How to get fired from your job as editorial cartoo...
- It's Friday, so that means it's Bank Failure Time
- What would a world without Israel look like?
- Using the 'Boob Tube' to Teach Hate to Americans
- 60 Years of Zionist Lies and Treachery
- Sex Slavery in Israel
- Her Royal Majesty Hillary Clinton Admonishes Subje...
- Using Sodomy to Protect our Freedoms
- Get ready for the 'Mother of all Bubbles,' the Bai...
- The Century of the Self
- Lord of the LIES 'Mikey' Savage: Muslim Hater Extr...
- Glenn Beck's Kenyan Birth Certificate
- IDF Officer Promotional Exam
- Jewish Land Thieves Teach Their Kids to be Violent...
- Cash for Clunkers
- "Israeli's, it is always the Israeli's"
- 60 Members of Congress Making 'Aliyah' to Israel
- The Federal Reserve and Hyperinflation
- Israeli GESTAPO agents to pre-approve Zionist judg...
- Health Insurance Industry's Plan Catching Hell
- Who's kicking down your door? The ADL Police
- So Israel, when's the next 9/11 attack planned?
- The Jewish Murder Machine - No Camps, No Gas, Just...
- Israel's richest woman says she receives clairvoya...
- Israeli Gun Boat STORM TROOPERS Commit Piracy
- What Happened to 'Kenny's Sideshow?'
- ▼ August (49)
- ► 2008 (244)