Archive for August, 2010

Gerald Celente: the Game is Over, the Depression Has Settled

This time Gerald Celente was interviewed on the Mitch Henck show on August 26, 2010. According to him, the game is finally over. The depression has already settled.

Gerald Celente: Watch Out Important Events To Determine Near Future Trends!

In the whole month of August people have been on holidays and some have come back but are still in the holiday mood. A lot of them have been asleep during summer and completely cut themselves off from news and all the important events that have occurred during the holidays.

Derivatives are Financial Weapons of Mass Destruction!

That is how Warren Buffet defined derivatives back in 2003 in his famous and plain-spoken “annual letter of shareholders” excerpts which was published by Fortune Magazine and quoted by BBC News in their article Buffet Warns on Investment Time Bombs. Up until 2007 only very few people actually knew what a derivative was. But even [...]

Gerald Celente: Bailout Bubble Has Burst, Crash 2010 is Coming!

Obama’s Latest Bull: “Economy is Heading in the Right Direction!” While 500,000 New Jobless Benefit Claimed Last Week

Last week, new claims for jobless benefits showed worrying signs for the US labour market. It has reached the half-million mark which is a new nine-month high. It has increased by 12,000 from the past month although Wall Street analysts initially expected claims to actually decrease. The jobless claims this month has been the highest [...]

China Now the Second Largest Economy After the US, Beating Japan

China just inched ahead of Japan, making it the second largest economy after the US. It is predicted that although China is still behind the US, it will not be long until the US will be number two. Economists are predicting that it will take them less than 20 years to do so.

Kicked In The Groin: Health Insurance Companies Are Dramatically Increasing Premiums Due To The New Health Care Law And There Is Not Much We Can Do About It

Wasn’t the new health care reform law supposed to make health care more affordable for everyone?  Well, imagine my surprise when I opened up a letter from my health insurance company recently and found out that my health insurance premiums were going up by nearly 50 percent.  I am in perfect health and I have [...]

The Great American Disaster: How Much Gold Remains In Fort Knox?

A Huge Mystery Remains To Be Solved Yesterday marked the 39th anniversary of the day when the US Government declared bankruptcy. Oh, they didn’t call it that at the time. But what happened on August 15, 1971 was that the US defaulted on its promise to pay gold for dollars.

How the Federal Reserve is Monetizing the US Debt on Your Misery!

Yep, you read it right. While America is almost choking to death by the impossible national debt it is in, the system that Man of the Year, Bernanke, set up is responsible for monetizing on this debt to make a few wealthy man behind the Federal Reserve, the “central bank” of America even wealthier.

Gerald Celente: America Has Not Just Lost 1 Decade Like Japan, But More