The Greatest Depression Is On The Way

The “Greatest Depression”
The Greatest Depression is on the way. That’s what the latest trends are eluding to. The financial meltdown may get much worse, contrary to what economic analysts keep prescribing.

What can we expect in the following months ahead? Commercial real estate could very well collapse.

The collapse of retail stores has already started. Look for this trend to continue.

What is not even really being considered is this — the manufacturing base is already gone. This wasn’t the case in the 20th century.

We have a staggering federal deficit that didn’t exist in the 20th century. The economic infrastructure we have today is much more complicated than we had in the 1930’s.

 Gerald Celente predicts civil unrest:

You’re gonna see crime levels in America that are going to rival that of a third world country. Welcome Mexico City! You’re gonna start seeing people being kidnapped in this country, like they do in other underdeveloped nations.

We’re gonna start seeing a tax revolt in the United States. There’s going to be violence.

When people lose everything and they have nothing else to lose, they lose it.

I’m always amazed that people would listen to the people that didn’t see it coming, to say what’s going to happen next.

You can’t spend your way out of problems. You have to produce your way out of problems. This isn’t even Economics 101. It’s Economics For Dummies. You can’t print money based on nothing and expect it to fix the problem. If you follow the leaders you’re going to fail.

We’re going into the “Greatest Depression”. It’s going to be worse than the 29 Depression and the 30’s Depression.

They talk about the 1930’s and using this as a model… Get it? It’s the 21st century. These programs don’t work in the global age. There’s not one thing that government can do to solve this problem. They don’t have the intelligence and they don’t have the methodologies.

The Year Is 2014 — The Financial Meltdown
All U.S. Banks Have Been Nationalized
Unemployment Is At 12% or higher

Source: Gerald Celente