The No.1 Trend Forecaster Gerald Celente: And Now We’re Headed For The GREATEST Depression

The fake “recovery” was nice while it lasted, says famous apocalyptic forecaster Gerald Celente, founder of the Trends Research Institute. But now the fun’s over, and we’re headed for what Celente describes as the “Greatest Depression.”

Specifically, the always startling Celente says the country is headed for rising unemployment, poverty, and violent class warfare as the government efforts to keep the economy going begin to fail.

The crux of the problem, Celente argues, is that the middle class has been wiped out. America used to be a land of opportunity for all, where hard-working people could build their own small businesses in their own communities and live prosperous and fulfilling lives. But now a collusion of state and corporate interests that Celente describes as “fascism” have conspired to help only the biggest companies and the richest Americans. This has put a shocking amount of the country’s wealth in the hands of a privileged few and left the rest of the country to subsist on chicken-feed wages and low job satisfaction as Wal-Mart “associates” — or worse.

The answer, Celente says, is to bring back the laws that prevented huge companies from getting so big and powerful, and put some opportunity back in the hands of ordinary people.  But doing that is going to take a while.  And in the meantime, we’re headed for trouble.

(Celente’s dead right about U.S. wealth inequality, by the way.  It’s shocking.  And it’s getting worse.  For a quick overview, see “15 Mind-Blowing Facts About Wealth And Inequality In America)

Posted Aug 20, 2010 08:47am EDT
by Henry Blodget

Source: Yahoo Finance

More from Gerald Celente:

Judge Napolitano on Freedom Watch With Ron Paul, Lew Rockwell, Justin Raimondo And Gerald Celente

The No.1 Trend Forecaster Gerald Celente: Greece Only The Beginning; Wall Street Plunge; Bailout Bubble Bursting; 2010 Global Crash; Gold

Gerald Celente: Obama’s Financial Reform Is Just A Show

The No.1 Trend Forecaster Gerald Celente on ObamaCare, Dollar Devaluation And Gold

Gerald Celente: This time they will close the Banks & Wall Street (03/27/10)

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If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.
– New York Post

When CNN wants to know about the Top Trends, we ask Gerald Celente.
– CNN Headline News

There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.
– CNBC

Those who take their predictions seriously … consider the Trends Research Institute.
– The Wall Street Journal

A network of 25 experts whose range of specialties would rival many university faculties.
– The Economist

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