The Greatest Depression in History

[Guest guest]

Are you prepared???

It's time to build that new Green House.

It's time to plant that Family & Community Victory Garden.

It's time to have a large reserve of Food and Water Supplies on hand.

It's time to have a complete Emergency Medical Kit with a large supply

of Herbal Remedies in Stock.

It's time to stash a little Gold and Silver away, along with some

valuable Goods that can be used as Barter. This should include some

guns and ammo.

The latest Gerald Celente / Lew Rockwell "Live" report is now out

in .mp3 format.

This is a large 7 Meg audio file. For those of you who wish a copy,

please contact me OFF list and I'll forward it to

you.

Yours in Knowledge, Health, Freedom, and Love,

Doc

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CODE RED: Economy in

Collapse -

 

 

Drastic Actions Will Be Taken

 

 

 

KINGSTON, NY, 22 January 2009 -- President Barack Obama will

use his poll shattering popularity to

swiftly enact policies that will prove to be among

the most costly and potentially destructive in America's history,

predicts Trends Research Institute Director Gerald Celente.

 

"We are forecasting dramatic measures will soon be taken by the Obama

Administration that will worsen the credit crisis and severely damage

the

nation's economic system," says Celente.

 

According to The Trends Research Institute Director, the new President

who swept into the White House on a tidal wave of unprecedented

enthusiasm

and the blessings of a strong majority, will have free reign to take

whatever actions he deems necessary.

 

 

 

 

 

 

"Whatever Obama wants,

Obama gets. Desperate, scared and not knowing what to do to survive

the economic storm, people are seeking a messiah to

save them, and Obama is their man," said Celente. "When fear rules,

reason and logic are ruled out." (According to an AP poll, 71 percent

of Americans believe the economy will improve during the first year of

the Obama presidency.)

 

The 332-point stock market decline that greeted Mr. Obama into office

(a record breaker for Inauguration Day) and today's 105-point market

decline

will be followed by a steady stream of worsening economic news and

major financial calamities, Gerald Celente forecasts. Just as

President Bush

exploited 9/11 as a pretext to wage the War on Terror, invade Iraq,

abrogate the Constitution and exert broad Executive powers (with

bipartisan and

majority public support), President Obama will be given even greater

latitude to fight a war on economic terror, predicts Celente.

 

 

 

For example,

Timothy Geithner, President Obama's nominee for Treasury Secretary, has

pledged to expand and prolong government intervention in the

financial markets. He said his economic team would take "forceful" and

"substantial action" on a "very dramatic scale" to "forge an integrated

strategy on how best to achieve currency realignment."

 

Celente advises to closely read the signals that have been clearly

telegraphed by Mr. Geithner. "From proclaiming a bank holiday,

confiscating

gold to backstop devaluing currencies, mega-bailouts for the

too-big-to-fails ... to nationalizing public firms and dollar

devaluation ... whichever

of these or other actions are taken, the financial burden will fall on

the American people," Celente forecasts.

 

 

 

Blame the Little People

 

In his inauguration speech President Obama warned Americans

of tougher

times ahead and for the need to make greater sacrifices. In doing so,

the President placed equal blame for the global financial crisis on the

public's "collective failure to make hard choices," along with the

"consequences of greed and irresponsibility on the part of some."

 

"The President is correct. Many have spent beyond their means,

borrowed themselves into debt, took risks playing the markets, and

speculated on

real estate," said Celente. "But comparing Main Street's financial

missteps to the large scale corruption and criminality of the banks,

brokers,

insurance companies, hedge fund operators, mortgage companies, rating

agencies and buyout firms that cooked the books, enriched executives,

ripped

off

clients and rigged the numbers, is further evidence that Obama is a

Wall Street man.

 

Trendpost: Do

you know where your money is? Is it safe? Will you be able to get it

when you need

it? What will you do if trading is temporarily suspended on Wall

Street? Will you be able redeem your CD's?

 

 

 

 

The new Treasury

Secretary promises "a very dramatic scale" of action that may in turn

require you to take very dramatic counter measures to protect your

assets.

We forecast with great confidence that whatever actions Washington

takes to save the "too big to fails," they will prove very costly for

the "too

small to saves" who will be forced to foot the bills and eat the losses.

 

© MMIX The Trends Research Institute

®

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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