Gerald Celente on the Annual economic report Russia today 12 Feb 2010
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Two economists are walking down the street when they pass two piles of dogshit. The first economist: “I’ll pay you $20,000 to eat one of those piles.”
The second one complies and collects $20,000. He said: “I’ll pay you $20,000 to eat the other pile.” The first one gets his $20,000 back.
The second says, “We both have the same amount of money as when we started. The only difference is we’ve both eaten shit.”
The first snaps back, “But you forgot that we have created $40,000 worth of GDP.”
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defense purposes? wrong location
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The Bible refers to it as feeding off her flesh
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Celente has said that
"America went from being no1 in quality to how can we do it the fastest and the cheapest"
That sums up the global economic situation- which is not so much of a money problem as a moral one.
Money is no longer representitive of value- it is merely a commodity to be traded without any ethical boundaries.
That is the most dangerous aspect of the situation we are all now in.
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that is always a good sign if they ban you.
I think
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looks like celente has been banned from youtube
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I understand that increasing credit and money supply causes inflation and that even if the reserve currency status ends and money flows back into the country that hyper-inflation is very possible, but even with the printing presses smoking won't the money supply still decrease when the market housing/stock crashes again. What I am trying to say is won't in nominal terms money disappear faster than being created causing deflation ? not inflation ? thanks
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look americans...we had russian troops in Poland for years...now we have american...same old story...why should I believe Obama???? - he's just a tool !
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Gerald is always on the button.
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Taxing the rich doesn't work...taxes in general just slow growth, enlarge the government which doesn't do the economy any good. If you lower taxes on all, you promote more growth and happiness.
mrcool011 2 years ago 5
Amen, read Ron Paul's End The Fed.
thesoothsayers 2 years ago 5