Gerald Celente predicts that Uncle (Sam) Obama is leading the United States into a Bailout Bubble, national tax revolts and the Greatest Depression.
Gerald Celente: The Mother of All Bubbles is about to explode.
“The biggest financial bubble in history is being inflated in plain sight. This is the Mother of All Bubbles, and when it explodes, it will signal the end to the boom/bust cycle that has characterized economic activity throughout the developed world. Either unwilling or unable to call the bubble by its proper name, the media, Washington, and Wall Street describe the stupendous government expenditures on rescue packages, stimulus plans, buyouts, and takeovers as emergency measures needed to salvage the severely damaged economy.
“All of this terminology is econo-jargon … Washington is inflating the biggest bubble ever: the Bailout Bubble. This is much bigger than the Dot-com and Real Estate bubbles which hit speculators, investors, and financiers the hardest. However destructive the effects of these busts on employment, savings and productivity, the Free Market Capitalist framework was left intact. But when the Bailout Bubble explodes, the system goes with it … But unlike Dot-com and Real Estate, when the Bailout Bubble pops, neither the President nor the Federal Reserve will have the fiscal fixes or monetary policies available to inflate another.” – Gerald Celente
Celente also also predicts that people will look within to prevail, finding their true character, inner strength and talents. The tide will change “when people gain their dignity and self-respect and put that to work.
“He who is bound to a star does not turn back.” — Leonard da Vinci