“The world is headed for the Great Depression, Greatest Depression,” Trends Research Institute Founder Gerald Celente tells Lew Rockwell, Tuesday. “This will be much worse than the 1930′s Depression. We’re in the global age, and it’s spreading globally.”
Celente goes on to explain that, depending upon the estimates one uses, the Fed has injected between $18 trillion and $25 trillion to prop up the “too big to fails” and the “corrupt banking system.”
And the result? Nothing but poor unemployment numbers, according to him, including 750,000 more jobs lost since March to offset any alleged gains in employment reported by the U.S. Department of Labor so far this year.
After all those trillions of dollars thrown into the system, there is no recovery. “America is turning into a plantation economy,” says Celente.
Just as the Great Depression of the 1930′s ushered in high crime rates, alcoholism and suicides, today’s start of the “Greater Depression,” according to Celente, already reveals a nation repeating the social ills of a past economic nightmare.
“Look at the crime rates. Look at the insanity that is happening,” says Celente.
“Every day you pick up the newspaper. You listen to the television,” Celente continues. “Whether it’s the Batman psycho, the Sikh crazy guy, or some guy walking into a hospital room and blowing his wife to pieces, or killing a mother-in-law and two kids, every day is another chapter in cold blood. Society is unraveling around us.”
And the craziness isn’t just a U.S. phenomenon; it’s global.
In Israel, Spain and Greece, the same thing.
Four Israelis set themselves on fire within one month from terrible despair.
The Spanish are “attacking supermarkets.”
Greece is throwing out immigrants; “that society is falling apart,” he says.
“Are we going into war? Is history repeating itself?” Celente ask rhetorically. “Play back the tape. The Crash of ’29—Great Depression—currency wars—trade wars—world war. The Panic of ’08—Great Recession—currency wars are happening.
“The rial is sinking; the rupee is in the toilet; the euro’s going down. There are bank runs now in Slovenia. In Hungary, the system has collapsed . . . They just had another recall election in Romania.”
Celente goes onto to say that Argentina has instituted capital controls. After soaring growth, Brazil now worries about its economy and currency. And China, the nation which once provided hope of a global recovery, has reported several months of data that show its economy isn’t immune, slowing to a rate not seen in two decades.
So, “is the world at war? Yes, it is,” says Celente. “World War III is on the horizon. Actually, it’s at the cusp.”
He adds, “And I believe we’re facing another 9-11 moment of some sort. Whether it’s false-flag [or] real. Whether it’s economic or geopolitical, something in my bones is telling me that you better be prepared now, because this thing is coming down fast.”
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Gerald Celente, http://www.beaconequity.com