Celente: Revolution next for U.S.

[Demeter]

Run time: 11:19 https://www.youtube.com/watch?v=JhaEc_4zuFI   Posted on YouTube: September 14, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: September 21, 2009 By DU Member: Demeter Views on DU: 1122

 
Unvarnished Truth about the US economy and its prospects

[LakeSamish706]

1. I hate what this guy is saying, but I can't help but think that he is right on the money....

We really need to let these banks and others fail, if that is what they are destined to do....

[izquierdista]

2. Too big to fail

Means it's time to be nationalized. Everything a country relies on not to fail -- the military, law enforcement, mail, roads is taken out of private hands and held in public trust. The list needs to be longer.

[Why Syzygy]

3. I love this guy.

Honesty is like an oasis in a parched land. I'm one of the revolutionaries he speaks of on the Left! I won't be shamed for that. This is our FUTURE, people.

[doc03]

4. The guy is full of crap, for one thing there won't be

any third party, the system is set up to prevent that from ever happening. I don't understand the OPs point to talk down our future and our President. If I truly believed this crap what would even be the point of living. I remember a guy named Ravi Batra that predicted the Great Depression of 1989 and the 90's were one of the best decades ever. I remember a guy named Bob Brinker that said in 1992 that President Clinton didn't have a clue about economics and if he raised taxes on the rich we would have another Great Depression. :banghead:

[zeos3]

5. It's a mixed bag, I guess.

Brinker is still on the radio and I remember him saying that the Bush tax cuts were a gift to the wealthy and wouldn't work. He later changed his mind about the "worked" part.

I don't have a negativity fetish but I cringe whenever I see eternal optimists talk about the economy. They remind me of the pump monkeys on tv that always insist that it's a great time to buy stocks, especially before the market took a dump after the 90's boom. Some of what we hear seems to be only for "boosting confidence" than reflecting the reality of the situation.

[doc03]

6. I think boosting consumer confidence is probably the

most important thing to get the economy on track. I have noticed something lately, as bad as things are people seem to have plenty of money. Just last night I was at a local casino until midnight and even at that time the place was jam packed with people pumping money into machines and table games. Today the restaurants were jam packed, if things are so bad how can people afford to eat out several times a week?

[zeos3]

10. I get that.

I understand confidence plays a huge role. I guess it bothers me a bit because I know quite a few delusional people who live beyond their means. The casino being full doesn't surprise me, gamblers (I'm one too) seem to be eternal optimists in their element in spite of past history.

Some people tend to spend money unwisely and on stupid crap that they don't need. It's easy for me to preach but I do the same and we need people to spend money to keep the economy going. So, what are we supposed to do? Maybe it just annoys me when the shit hits the fan and all the pundits act like they couldn't possibly see it coming.

I work with a lot of restaurant owners and have a friend who is a wholesaler to them. Most of the restaurant owners we know are panicking and a few are ready to jump off the roof. The "white tablecloth" places have been hit the hardest. The breakfast places and snack shops seem to be hanging in there.


Here's a gambling joke:

What's the difference between praying in a church and praying in a casino?

...In the casino, you really mean it.

[doc03]

7. Your kidding about Brinker, he really said the Bush

tax cuts were a gift to the wealthly and wouldn't work? After repeating hundreds of times how Clinton would destroy the whole economy when he raised them. Those republicans sure have selective memories.

[zeos3]

11. No, I kid you not.

I couldn't believe what I was hearing at the time either. Eventually he went on to say they worked but I don't think he often mentions that he thought they were a bad idea initially.

[Why Syzygy]

14. There is ALWAYS a third party.

More than three, usually. Doesn't seem you're thinking clearly on that statement. I believe not only will we have another third party, it will be VIABLE. You may be underestimating the degree of dissatisfaction with the status quo.

[nadinbrzezinski]

8. Yep trends are there for anybody not too stupid to see them

and yes there is something wicked a coming

[bertman]

9. Lots of truths in this. Keep it rolling.

[Ramulux]

12. Gerald Celente is an intelligent guy

I just think he takes things a little too far. If you look at his track record he is definitely one of the most accurate trend forecasters around. I just feel like he is jumping the gun on this one. This country is obviously going to take a while in getting out of this depression but I do not think things will deteriorate to the level he is saying. Maybe I am just being optimistic.

[jakeXT]

13. k&r

[Bullet1987]

15. I like this guy. He seems pretty nonpartisan in his outlook. Probably an Indie voter

I notice he's been on FOX News, but that's only because he's speaking about bad things during Obama's administation. He was no where to be found on FAKE News during the Bush years. I think this country is quietly getting to a boiling point. Americans on both sides are just now awakening to the fact that Corporations have become a major problem in this country. It's not capitalism anymore, and hasn't been in decades. I'm still holding out hope that Obama is going to start speaking the truth about these corporate con artists and theives. As of right now, he's seems like he's allowing things to continue as they have been.