I never thought I would see Gerald Celente in the mainstream media. Seeing him on Fox News was a pleasant surprise. I am glad to see that the "doom and gloom" crowd that discuss our economy are finally getting some airtime. The depression is coming folks. Its time to prepare for it.
IMO, Gloom and doomers are simply realists when it comes to the economy. If things suck they suck! It is what it is! I would much rather hear the TRUTH around how things really are in the economy versus some"green shoots" theory that has zero chance of happening right now.
Get prepared and please start listening to people like Mr. Celente. 5 years ago many of us would have thought Mr. Celente was insane for prediciting such horrors. In this new scary world that we live in, the labeled "insane" are now "sane" .
The MSM will tell you to listen to Timothy Geithner and Mr. Bernanke at the Fed when you have questions around the economy.
This is just about the worst advice that anyone could get. Look at how many times these two have been wrong. Wake up!
I will have a detailed post up tomorrow night. China appears to be very worried about buying treasuries.