Gerald Celente: Depression delayed, not prevented.

geraldcelentechannel.blogspot.com...

"Celente, the director of the Trends Research Institute, who’s been tracking trends for 30 years, thinks 2010 brings with it the Great Depression we narrowly avoided last year. Celente’s been making this prediction for several years, and as we know was nearly proved right.

Extraordinary government intervention helped prove him wrong, something he didn’t anticipate. “We never thought we’d be buying companies like AIG, we never thought we’d own parts of General Motors,” he tells Aaron in the accompanying clip. “The government’s never done these things before.”

Celente believes the bailouts have just postponed a depression — not prevented one: “The hand may change but the game doesn’t change.”

Celente says the recent signs of economic recovery are nothing more than a boost based on “a stimulus economy.” Once those measures are pulled back and interest rates rise, the economy will once again tank.

It’s not all gloom and doom. Eventually, Celente predicts, American ingenuity and innovation will drive a recovery. It’s a topic we discuss more in a forthcoming clip."

investment-blog.net...

[edit on 31-1-2010 by Misoir]

[edit on 31-1-2010 by Misoir]

[edit on 31-1-2010 by Misoir]

[edit on 31-1-2010 by Misoir]