Soo, first article I read this morning was saying, recessions over! I read the mainstream (corporate owned) media more for a laugh and to see what info we are being fed than for any unbiased reporting. Amongst many other reasons, how can a recession be over with unemployment at such a high level and still rising? U6 unemployment for America is at 17.0%!! Have a look for yourself..
Spain’s ‘Official’ unemployment is at 17.9% too and forecast to hit 20% soon.
“There’s no recovery. This is merely a cover-up,” he said. “Never before has so much phantom money been printed out of thin air, backed by nothing, producing practically nothing,” Celente continued. “You don’t even have to be a student of history to know the outcome of this. All you have to do is have your eyes open, and start thinking for yourself.”
He forecasts the possibility of a civil war, and says if people want to see what Main Street America will look like, they should “drive around Detroit. Look at all the blown out houses and empty neighborhoods. Look at the violence that’s increasing..” Continued
Of course you cant know the future, but Celente has a solid track record of nailing predictions and was one of the people who woke me up to what was happening years ago. Could he be wrong this time? Maybe, let’s hope so, but I suspect not.
Time will tell..
Took this photo out of the window today. It’s gone from 26 degrees sunny tshirt weather to snowing, in less than a week.