Gerald Celente on Russia Today 30 Oct 2009

http://geraldcelentechannel.blogspot.com

Director of the Trends Research Institute Gerald Celente believes the unexpected annual US GDP growth of 3.5 percent over the last three months isn't proof of a long-term recovery.
The GDP rise is a result of the trillions of dollars between the Bush administrations top program and President Obamas $787 billion stimulus package temporarily juicing the economy, he said. They are printing paper money backed by nothing.
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[welhungjohnson]

The same government couldn't even decide when the recession began. Now they're saying it's over? WTF?

[TRUEANGLO]

People better wake up to the reality of it all. This is global meltdown, the why's and wherefores are infinite, the clear picture is of a world in decline, leading to international strife as each nation seeks its own intersets. Which will lead to greater conflicts between nations and within nations. The politicians are running around the globe like headless chickens, as the world heads towards a catastrophe of their making. Like Gerald Celente so clearly explained, the truth is frightening.

[1XMarksSpot]

@vimzibaiegh Well, the stimulus is only as effective as the value of the currency being used to stimulate. If the currency is valued at zero, there can be no stimulus. Bernanke can print as much of the USD as he wants when the currency becomes valued at zero, but it'll still just be worthless paper with fancy printing on it.

[1XMarksSpot]

@fragaboveyou If that's the case, why did you click an RT video? Go back to watching Fox "News" since you're so "American"...dumbass...

[1XMarksSpot]

@welhungjohnson LOL That's riiiiight.

[loymonteiro]

GOD, Please bless us..

[raygunsben]

Change is needed, but it's not happening.

[vimzibaiegh]

I think things will get worse in time, but again; the worse things gets the more money will be printed. So the notion of the stimulus running out is like saying "when oxygen runs out" to my ears. Of course hyperinflation is a likely result. The USA just endured a hyperinflationary collapse as a result of the stimulus. The stimulus pushed oil and other commodities high enough to collapse the consumer and the world economy tanked. The result of the collapse was met with yet more stimulus.

[JFM135]

Yes, the old way is going away....because change is going to happen. Sure there are going to be some bumps along the way, but we don't have enough information by a longshot to conclude it's going to be "bad". The new scenarios are too numeros to even imagine....and a lot of them could be very positive. Change is needed. If it's bad now, a change could mean to something better.

[flanger7777]

The presses will run full steam until the economy recovers....

Ever heard of Hyperinflation???

[brojiml]

Mr Celente is correct. There is no real recovery, except for the MSM's spin.

The FRN$ is doomed by its engine of inflation: the FED.

Every single nation that has relied on fiat (forced) currency & credit in circulation has failed, some more catastrophically than others, but all have failed.

The USG is bankrupt by trillions of FRN$,and is running on sheer momentum. When the world and the US public lose confidence in the fraud, the jig will be up overnight.

Parapacem, parabellum.

[vimzibaiegh]

Gerald is great (but) I differ on one significant point. Even the woman in the video said the same thing that I tend to disagree with. Both the woman and Gerald seem to think that the stimulus will run out. I don't think Bernanke will turn off the stimulus come hell or high water. The presses will run full steam until the economy recovers or falls prey to another recessionary collapse like in 2008. Bernanke and Geithner both believe in bailouts and stimulus - that's the only plan on the table.