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True to form, the economic propaganda mill is churning at full speed and the media coverage is mostly “bull.” Tune into any business show, pick up any newspaper and what you will get is the economic equivalent of the notorious 9/11 advice from the authorities as people fled the World Trade Center: “Go back to your offices, the fire in the North Tower is under control.”
The “Collapse of 2011” follows four years of relentless economic decay. The combination of plummeting real estate values, intractable unemployment, and a US/European government debt crises dwarfs the banking/financial institution turmoil of 2008.
Back then, Washington and the Federal Reserve treated the critically wounded economy with trillions of stimulus dollars, low interest rates, and quantitative easing. But in 2011, those fiscal and monetary band-aids are not viable options.
It’s a tale told in chapter and verse in Trends Journals, in Trend Alerts and Trends in The News: the promised recovery was no more than a “cover-up.” We correctly forecast that gold prices would soar, the dollar would dive against the Swiss Franc, the European debt crisis would worsen dramatically, the vaunted emerging markets would submerge, and the “House made of BRICS” would not escape the turmoil.
In forecasting the collapse well in advance, Celente provided an accurate timeline and supported his conclusions with quantifiable data and in-depth analysis. However, now that the collapse is underway, history is already being brazenly reengineered, right in front of our eyes. Blaming the S&P downgrade for triggering the global sell-off/financial panic – as the majority of pundits are doing – is as bogus as blaming the onset of World War I on the assassination of Archduke Ferdinand. The downgrade was no more than the proverbial last straw that broke the nation’s financial back.
11,239.77 +429.92 (3.98%)
1,172.53 +53.07 (4.74%)
2,482.52 +124.83 (5.29%)
Originally posted by rebeldog
reply to post by boncho
Modern day finance is different now compared to 1930??
So, wasn't the Federal reserve in control then? didn't the Fed also then control the supply of money through deflation/inflation?
Weren't the elites robber barons raping everyone then? aren't the same elites raping everyone now?
DER.YUK YUK, Its soooooo different now
keep sipping the flouride Kool-aid
Or would it be the buying on Margin? which contributed Greatly to the financial problem...Oh WAIT!!!! that happened then also...edit on 10-8-2011 by rebeldog because: premature reply