It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
We are in the opening stages of the Greatest Depression, a term coined by Trends Forecast founder Gerald Celente. The next stage, as Mr. Celente has said, will be “like nothing we've ever seen in our life time.”
Welcome to the Greatest Depression.
quote shortened by Morbo
Originally posted by liveandletlive
Prepare yourself for what is coming the best you can. They know we are going down and they are preparing for it.... All I can say is hold on tight and get ready for the ride of your life.
Originally posted by Clark Savage Jr.
While Im not a man who buys easily into fear-mongering scenarios by any means, I do find myself in what is without doubt the darkest financial times of my life.
Originally posted by Ex_MislTech
Alot of evidence that Celente is right is posted in a story I put up
several months ago.
Financial Collapse Summary
Add to it the fact that we just saw the most foreclosures in a 90
day window than any other time in the countries 230+ year history.
Originally posted by orionthehunter
I believe if you go to shadowstats you can find the unofficial unemployment rate is above 16 or above 19 percent if it was measured like it used to be.
I've seen a chart that indicated the unemployment rate was rising very much like it did during the Great Depression. The Great Depression even had a 50 percent bear market rally after the initial crash in 1929. Deja vu?
Then things started to get worse and worse. I believe the worst is yet to come. Our current government thinks they can spend and borrow their way out of everything but eventually I believe they will need to raise interest rates sooner or later and that will really hurt our economy even more.
Originally posted by marg6043
BTW Goldman Sach is also now boosting the prices of oil futures, get ready to start getting the pinch at the gas pumps.