Recessions over / Forecast: Food riots, ghost malls, mob rule, terror

Recessions over / Forecast: Food riots, ghost malls, mob rule, terror

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.

One of the guys who I do trust and who got this mess spot on is Gerald Celente of
This is what he had to say on the same topic:

“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.



  1. Author
    ptsp 8 years ago

    MICHAEL MOORE: We’re here to get the money back for the American People. Do you think it’s too harsh to call what has happened here a coup d’état? A financial coup d’état?

    MARCY KAPTUR: That’s, no. Because I think that’s what’s happened. Um, a financial coup d’état?


    MARCY KAPTUR: I could agree with that. I could agree with that. Because the people here really aren’t in charge. Wall Street is in charge.

    BILL MOYERS: Let’s look at this story that I just read from the Associated Press this week about how Treasury Secretary Geithner is on the phone several times a day with a select group of very powerful Wall Street bankers, especially Citigroup, J.P. Morgan, Goldman Sachs. He will talk to them when Members of Congress have to leave a message on the answering machine. And these are the bankers who helped bring on this calamity and who are now benefiting from it. What does that say to you?

    MARCY KAPTUR: That says to me that Wall Street and Washington is a circuit. And because Mr.Geithner headed the New York Fed that that historic relationship, unfortunately, continues. And it gives them special access and special power to influence policy.

    SIMON JOHNSON: Well, I think it really tells you how the system works. The system is based on access and is based on what on Wall Street shaping Washington’s view of what’s important.

    It’s the people who are very close to Mr. Geithner before when he was the head of the New York Fed. Before he became Treasury Secretary. These people have unparalleled access. And in a crisis, when everything is up for grabs, you don’t know what’s going on, the people who will take your phone calls, right, in government and people who are going to be standing in the oval office, making the key decisions. That’s the heart of the system. That’s the heart of how you get your agenda through, by changing their worldview.

    MARCY KAPTUR: And they also move people. In other words, Mr. Geithner came from the New York Fed, he came from Wall Street, and he becomes Secretary of the Treasury. His predecessor, Mr. Paulson, came from Goldman Sachs, and he becomes Secretary of Treasury.

  2. Pete 8 years ago

    Smartest Guys in the Room… only these guys were controlling the entire thing.

  3. Author
    ptsp 8 years ago

    Smart guys SHOULD be controlling things, but if they are controlling government for personal gain, if they are unelected but are massively influencing policy for themselves and in the process screwing everyone else, then this is very wrong. If they are stealing taxpayer money,(and running up massive debts for future generations) if they are devaluing the currency so badly and taking dangerous risks which they take all the benefit from (and dont pass back) and none of the downside, this is obviously wrong too. The government after all is (or was) meant to serve the people, not an elite group of lobbyists.

  4. HH 8 years ago

    What a mess the US is in…but it’s ok because as long as there is fast food, V8s, Oprah and a plentiful supply of weapons, everyone is happy (or should I say, blissful ignorance). By the time the majority wake up, it will all be swept out from underneath them. There will become an even more gapping chasme between the haves and the have nots. Scary times in the good ol’ USA…

  5. Author
    ptsp 8 years ago

    Intelligence is morally neutral. It is no more virtuous than athletic prowess. It can be used to further the rape of the working class by corporations and the mechanisms of repression and war, or it can be used to fight these forces.

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