Infinite Unknown

The recession will be considerably longer and deeper than the Treasury has forecast, according to a majority of economists polled by the Financial Times.

Their views contrast with the Treasury and the Bank of England’s relative optimism in believing the economy will start to grow reasonably strongly in the second half of the year. Only a small minority of economists are confident that the green shoots of recovery will be visible by the end of this year.

Doom-mongerers include Michael Saunders of Citi, who says the UK is “in one of the worst recessions …. in the last 50 years”. He is joined by Simon Hayes of Barclays Capital, who says: “It will probably be the closest experience to the Great Depression since the Great Depression.”

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Tags: Bank of England, Economy, Great Depression, Recession, Treasury, U.K.

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

Alex welcomes back to the show Gerald Celente, the world’s number one trends forecaster, who has predicted a severe depression and riots in the streets.

Part 1 of 7 (Part 1 is not uploaded on YouTube. All the others are there and a must-see.)

Part 2 of 7

December 18, 2008
Source: YouTube

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Tags: Banks, Barack Obama, Ben Bernanke, Civil Unrest, Commodities, Crash, Depression, Dollar, Economy, Euro, false flag, Fed, Federal Reserve, Food, Food Riots, George Bush, Government, Great Depression, Hyperinflation, Inflation, Martial Law, Meltdown, Military, New World Order, Pension, Police, Police State, Politics, Recession, Riots, Social Security, Stock Market, U.S., Unemployment, Unrest, Wall Street

Peter Schiff: “I am a 100% convinced that anybody who has their wealth in US Dollars will be just as broke as the people who had their money with Madoff.”

(All 6 parts are a must-see.)

Part 1 of 6

Source: YouTube

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Tags: Barack Obama, Commodities, Depression, Dollar, Economy, Euro, Fed, Federal Reserve, Gold, Government, Great Depression, Hyperinflation, Hyperinflationary Depression, Inflation, Meltdown, Peter Schiff, Politics, Stock Market, U.S., Wall Street, Yen, Zimbabwe

“We are in the process of creating another Great Depression.” (Peter Schiff)

Part 1

Source: YouTube

Part 2

Source: YouTube

Tags: Commodities, Debt, Depression, Dollar, Economy, Euro, Fed, Federal Reserve, Franklin Delano Roosevelt, Gold, Government, Great Depression, Hyperinflation, Inflation, Politics, Recession, Stock Market, Wall Street, Yen

Part 1: Lindsey Williams on The Alex Jones Show

Source: YouTube

Part 2: Lindsey Williams on The Alex Jones Show

Source: YouTube

Part 3: Lindsey Williams on The Alex Jones Show ‘Update’

Source: YouTube

Related video: The Energy Non-Crisis by Lindsey Williams
Lindsey Williams talks about his first hand knowledge of Alaskan oil reserves larger than any on earth. And he talks about how the oil companies and U.S. government won’t send it through the pipeline for U.S. citizens to use.

Tags: Alex Jones, Bubble, Crash, Depression, Dollar, Dubai, Economy, Financial Crisis, Government, Great Depression, Henry Paulson, Hyperinflation, Hyperinflationary Depression, Inflation, Lindsay Williams, Meltdown, New World Order, Oil, Oil Prices, Politics, Russia, Saudi Arabia, Treasury

Mr. Celente long ago warned of the economic malaise that is gripping the planet - but he does have some good news.

Gerald Celente The Greatest Depression *AUDIO*

To download this audio file to your computer, right click this link and select “save”, “save as” or “save file as” (depending upon your browser).

Source: HoweStreet

Tags: Bailout, Crash, Depression, Dollar, Economy, Education, Food, Gold, Government, Great Depression, Inflation, Meltdown, Politics, Poverty, Riots, Society, U.S., Wall Street

Source: YouTube

Source: YouTube

Gerald Celente, and analyst renowned for accuracy on forecasting trends, explains why the impending economic collapse, next escalating to a serious retail and commercial real estate collapse, will be greater than the Great Depression of 1929; speaking on the Lew Rockwell Show.

Tags: Bailout, Bankruptcy, Banks, Barack Obama, Ben Bernanke, Commodities, Crash, Debt, Depression, Detention, DHS, Dollar, Economy, Fed, Federal Reserve, Government, Great Depression, Homeland Security, Hyperinflation, Hyperinflationary Depression, Inflation, Meltdown, Military, Obama administration, Politics, Riots, Stock Market, Unemployment, Wall Street

Dec. 23 (Bloomberg) — Sales of single-family houses in the U.S. dropped in November by the most in two decades and resale prices collapsed at a pace reminiscent of the Great Depression, dashing speculation the market was close to a bottom.

Purchases of both new and existing houses dropped 7.6 percent, the biggest decline since January 1989, to an annual rate of 4.43 million, government and industry figures showed today. A 13 percent drop in the median resale price was the most since records began in 1968 and was likely the largest since the 1930s, the National Association of Realtors said.

“Housing is still in a freefall,” said Nariman Behravesh, chief economist at IHS Global Insight in Lexington, Massachusetts.

The figures were worse than economists had forecast and signal that the battered housing market that led the economy into a recession may be taking another lurch down. Sliding property values mean more Americans will be under water on their mortgages, destroying household wealth and undermining consumers’ purchasing power.

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Tags: Economy, Foreclosures, Great Depression, Housing, Housing market, mortgage crisis, Mortgages, U.S.

Remember?!
Fortis Bank Predicts US Financial Market Meltdown Within Weeks (28 Jun 08)

Source: Bye bye dollar, bye bye Treasuries…

Deflation? “Sure!” Just wait and see.
- The Neo-Alchemy of the Federal Reserve by Ron Paul
- Interview: Peter Schiff still grim on future
- Interview with Peter Schiff (12/13/08)

This is ‘the worst financial crisis‘ because every institution is doing its best to make it worse.

MADRID (AFP) - The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic crisis, warning that the world faced a “total” financial meltdown unseen since the Great Depression.

“The lack of confidence is total,” Miguel Angel Fernandez Ordonez said in an interview with Spain’s El Pais daily.

“The inter-bank (lending) market is not functioning and this is generating vicious cycles: consumers are not consuming, businessmen are not taking on workers, investors are not investing and the banks are not lending.

“There is an almost total paralysis from which no-one is escaping,” he said, adding that any recovery — pencilled in by optimists for the end of 2009 and the start of 2010 — could be delayed if confidence is not restored.

Ordonez recognised that falling oil prices and lower taxes could kick-start a faster-than-anticipated recovery, but warned that a deepening cycle of falling consumer demand, rising unemployment and an ongoing lending squeeze could not be ruled out.

“This is the worst financial crisis since the Great Depression” of 1929, he added.

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Tags: Bank of Spain, Deflation, Depression, Economy, Financial Crisis, Great Depression, Hyperinflation, Inflation, Meltdown, Recession, Spain

1 of 4

Source: YouTube

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Tags: Banks, Ben Bernanke, China, Commodities, Debt, Depression, Dollar, Economy, Fed, Federal Reserve, Financial Crisis, Government, Great Depression, Henry Paulson, Inflation, Jim Rogers, Oil, Oil Prices, Politics, Treasury, U.S., Wall Street