Uploaded by GeraldCelenteBlog on Mar 21, 2011
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In 2008, an economic 9/11 was predicted. Fannie, Freddie, and AIG all went bankrupt. The United States stepped in to bail them out. It is always under the guise that without a bailout the world economy would come crashing down and life as we know it will end. When they pumped the stimulus money in, they told us we would soon see green shoots. It's not a recovery, it's a cover up.
All of the stimulus program at best created 200,000 jobs. They say that the stimulus is working. But what happens when the stimulus money runs out? There will be no recovery. We are entering the Greatest Depression, and people need to grow up and understand that.
We're in the midst right now of the Second Revolution. These are the early stages. We could enter a revolution or a Renaissance. We have to go back to what made America great. We used to have the highest quality goods in the world, but now it's all about the bottom line. Revolutions don't come from the people who watch American Idol or play video games and are up with pop culture.
The Obama supporters who were against the wars and wanted to see the military shrink are going to become frustrated with him. He is losing the left and he never had the right. These people will come together for the revolution.
It is hard to tell whether Obama will be reelcted. Bush had terrible ratings in September 2001, and then 9/11 happened, and everyone rallied behind him and he started two wars. A similar thing could happen for Obama, but the trends are pointing now toward Obama being a one-term president.
Look where the dollar is going and look where gold is going. We have people in power who are always wrong with their forecasts. Why would people believe Obama, Bernanke, and Timothy Geithner? Geithner said everything was great and the financial sector was sound. They are now wrong about the recovery. They are putting the burden on the Tax Payer to cover up what the bankers did. If everything had been allowed to fail, the only thing that would have happened is that rich people would have lost a lot of money.
If it is Italians, it is the mafia. But instead we have The White Shoe boys running Wall Street. They make up names for criminal schemes that have bankrupted this country.
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