Trends Forcaster Gerald Celente has sent out 2 new “Trends Alerts” for those who subscribe to his service. The first is called “”The Greatest Depression” Under Way” in which Celente says The global financial markets are collapsing.
Today, the MSCI World Index of stocks in 23 developed nations fell 4.9 percent to 713.75, the lowest closing level since March 2003, and its Emerging Markets Index slid 5 percent. The Dow followed, plunging 300 points, closing below 7,000 for the first time since 1997.
Clenete’s simple advise is for people to buy gold to protect their investments. He does state he’s not a financial adviser, but even mainstream media like bloomberg is predicting gold to go up to $2000 an ounce.
The Second alert is tittled “We Will Recover,” Says Obama. “No We Won’t,” Says Celente; Government Policies Doomed to Fail. In which Celente says:
The government has yet to fix the levees in New Orleans. There is still a hole in the ground where the World Trade Center once stood. Washington has started two wars it can’t win and doesn’t know how to finish. The massive bank, brokerage, auto and insurance company bailouts have done nothing to resuscitate the sinking economy. The Troubled Assets Relief Program (TARP) that candidate Obama championed has not “relieved.” President Obama’s $787 billion American Recovery and Reinvestment Act will not lead to recovery and the nation will not ‘emerge stronger than before,'”
He goes on to analayse the first national speech from President Obamam, and might I added brilliantly comments whats really going on, when he says:
to punctuate the performance, there was the geriatric pom-pom girl, Nancy Pelosi, Speaker of the House, repeatedly jumping from her seat, leading her pack of Democratic trained seals in whoops of applause at every repetition of the magic juju words: “Jobs!” “Prosperity!” “Confidence!”
Again Celente ends the alert with a urging for people to buy gold. And for them not to be fooled by this production called the “Presidential Reality Show”. These people wouldn’t even admit we were in a recession until a couple months ago, even though the recession started 18 months ago. These are the people who want us to trust them to fix a problem they didn’t want to admit we had.
As Celente says the stock market and this financial crisis is nothing more then a “confidence game.” that’s why they can’t get on the news and tell Americans the truth, that things are far worse then they thought, and that the TARP money isn’t working, and this new Stimulus Bill won’t work either. Because people will lose confidence, not only in the banks, but in Washington.
So instead of telling the truth, they are racing around frantically trying to increase the size of government hoping to get a handle of the crisis before it spreads to everyone. That way even if they can’t stop it, government will have more power then before the crisis.