Wednesday, May 26, 2010

Gerald Celente : Financial Armageddon 2.0

$11T of Gvt injection and backstop money has merely delayed the collapse. Capitalism is now dead and has been replaced by Fascism... Many countries will collapse - defaulting on their sovereign debt and the US will be no different. A looming bank holiday, another 9/11 style attack and a global war are all likely in our future.


4 Comments:

At 5/26/2010 8:34 AM, Anonymous Anonymous said...

I'd really like to hear the response from the economist.

PS did you read the hit piece about Rand Paul on Marketwatch yesterday?

http://www.marketwatch.com/story/rand-pauls-wall-street-2010-05-25

The ignorance displayed about Austrian economics and his support of the central bank are laughable.

Jymkata

 
At 5/26/2010 9:01 PM, Blogger BxCapricorn said...

Food for thought. One well is left uncapped, and it floods the surface area of several States with oil, with who knows how much below the surface, and people still think there is an oil shortage?

There's oil everywhere! There's shale gas everywhere! There's sunlight everywhere! We're living on the most bountiful planet and yet we're listening to people that want to make us believe in misery! That's exactly what traders of commodities want! Fear and greed in equal amounts. They trade the swings.

Don't believe me? I don't really care but when silver hits $21 and you're bought in, hook, line and sinker...you better be fearful. Those who thought 11,500 DOW would go higher, learned that lesson over the past month. They've got the lizard brain of ours, figured out. They play chess. We play checkers.

 
At 5/27/2010 5:10 AM, Blogger Rachel said...

Randy, really dig your blog bro, thanks for the time invested to bring us this news. check out mine if you get a second.

garrettsurvives.blogspot.com

 
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