Gerald Celente: Wall Street runs the US, but will collapse before 2011

[Cassandra Syndrome]

Gerald Celente is an excellent socio economic commentator and an astute forecaster of trends.

Here's his latest interview on Russia Today news channel.

While the White House is celebrating the new financial reform bill, Gerald Celente of the Trends Research Institute says that nothing has really changed. Banks are still divided into “too big to fail” or “too small to save;” people are still being encouraged to spend rather than save. Celente says that the only thing that keeps the US from putting in austerity measures as has been done in most of Europe is that the US can print more money.

[ame=http://www.youtube.com/watch?v=nRHI3G7RgdQ&feature=player_embedded]YouTube - Celente: The US is run by Wall Street[/ame]

[hmmm]

Oh no not Gerald Calente! And his predictions of financial armageddon been right so many times!

[Cassandra Syndrome]

Oh no not Gerald Calente! And his predictions of financial armageddon been right so many times!

Yep. He called the banking crash of 2008 in 2007. Did that happen? Remember that meeting here on September 29th 2008?

I have the Spring 2009 Trends Research Journal saying that the collapse will be postponed for a year due to the crzy levels of Quantitative Easing and Fiscal stimulus. In Autumn 2009, the journal said that sovereign debt crisis will be the next shoe to fall.

Now after all the huffing and puffing, the mainstream media is now reporting that the Federal Reserve are discussing having to do a 5 Trillion dollar QE2 exercise.

But keep your head buried in the sand for all I care.

[hmmm]

But keep your head buried in the sand for all I care.

Better sand than the mountain of dung produced by people like Celente.

[toughbutfair]

Isn't he just llike all the people who said that unemployment would skyrocket in 2010 after the Christmas sales?

It didn't - much more jobs were lost in 2009 than 2010.

[needle_too]

Gerald Celente: I got a book to sell.

[Cassandra Syndrome]

Isn't he just llike all the people who said that unemployment would skyrocket in 2010 after the Christmas sales?

It didn't - much more jobs were lost in 2009 than 2010.

Half a million census workers were employed this year and U6 unemployment has rocketed. Even CNBC acknowledges this.

[Cassandra Syndrome]

Better sand than the mountain of dung produced by people like Celente.

Well show us the stuff produced by people that isn't dung. ESRI? Davys?

[kerdasi amaq]

Gerald Celente is an idiot, and Brian Cowen and Brian Lenihan are financial geniuses by comparison!

The problem with Wall Street is it ethos, that other peoples' money isn't really theirs but belongs to the first Wall Street huckster who can grab it; a lá Bernie Madoff.

[toughbutfair]

Half a million census workers were employed this year and U6 unemployment has rocketed. Even CNBC acknowledges this.

I was referring to Ireland. People at the end of 09 said unemployment would skyrocket in 2010 but it hasn't , much more jobs were lost in 09 than 2010.