Thread: Gerald Celente - The Bailout Bubble To End All Bubbles

The Bailout Bubble - The Bubble To End All Bubbles

By Gerald Celente
5-14-9

KINGSTON, NY -- The biggest financial bubble in history is being inflated in plain sight, said Gerald Celente, Director of The Trends Research Institute. "This is the Mother of All Bubbles, and when it explodes," Celente warns, "it will signal the end to the boom/bust cycle that has characterized economic activity throughout the developed world."

Either unwilling or unable to call the bubble by its proper name, the media, Washington and Wall Street describe the stupendous government expenditures on rescue packages, stimulus plans, buyouts and takeovers as emergency measures needed to salvage the severely damaged economy.

"All of this terminology is econo-jargon," said Celente. "It's like calling torture 'enhanced interrogation techniques.' Washington is inflating the biggest bubble ever: the 'Bailout Bubble.' "This is much bigger than the Dot-com and Real Estate bubbles which hit speculators, investors and financiers the hardest. However destructive the effects of these busts on employment, savings and productivity, the Free Market Capitalist framework was left intact. But when the 'Bailout Bubble' explodes, the system goes with it."

The economic framework of the United States has been restructured. Federal interventionist policies have given the government equity stakes, executive powers and management control of what was once private enterprise. To finance these buyouts, rescue and stimulus packages -- instead of letting failed businesses fail and bankrupt banks and bandit brokerages go bankrupt -- trillions of dollars are being injected into the stricken economy.

Phantom dollars, printed out of thin air, backed by nothing ... and producing next to nothing ... defines the "Bailout Bubble." Just as with the other bubbles, so too will this one burst. But unlike Dot-com and Real Estate, when the "Bailout Bubble" pops, neither the President nor the Federal Reserve will have the fiscal fixes or monetary policies available to inflate another.

With no more massive economic bubbles left to blow up, they'll set their sights on bigger targets. "Given the pattern of governments to parlay egregious failures into mega-failures, the classic trend they follow, when all else fails, is to take their nation to war," observed Celente.

Since the "Bailout Bubble" is neither called nor recognized as a bubble, its sudden and spectacular explosion will create chaos. A panicked public will readily accept any Washington/Wall Street/Main Stream Media alibi that shifts the blame for the catastrophe away from the policy makers and onto some scapegoat.

"At this time we are not forecasting a war. However, the trends in play are ominous," Celente concluded. "While we cannot pinpoint precisely when the 'Bailout Bubble' will burst, we are certain it will. When it does, it should be understood that a major war could follow."


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http://www.rense.com/general85/bubble.htm

Gerald Celente is great! I think he is right that the bubble that our government created explodinng. However, I am not sure what he means about the war starting after the bubble bursts? Anyone on the posts understand what Celente meant by the war ?

"At this time we are not forecasting a war. However, the trends in play are ominous," Celente concluded. "While we cannot pinpoint precisely when the 'Bailout Bubble' will burst, we are certain it will. When it does, it should be understood that a major war could follow."

NWO, here we come. It's shocking and frightening to me the lightening speed at which this is happening....

ELE, watch Gerald Celente in Obama Deception, he will answer your question in that movie.

A budget analyst is providing hard numbers on how President Obama's proposed historic expansion of spending, taxes, and debt will affect future generations of Americans.

The White House now estimates that the federal budget deficit will rise above $1.8 trillion in the current fiscal year, with the government borrowing 46 cents for every dollar it takes to run the government under the Obama administration's budget plan. Brian Riedl, a senior federal budget analyst at The Heritage Foundation, says such borrowing is virtually unprecedented in peacetime in American history.

"Even when President Obama was inaugurated, the deficit was forecast at $1.2 trillion this year," he points out. "Well, just in the four months that he's been president, $600 billion have been added to the deficit number for this year alone, to bring it up to $1.8 trillion.

"To put that number in context, it took President Bush seven years to borrow $1.8 trillion -- and here we're going to do it in one year."

Riedl contends that in this year alone, the federal debt will increase by about $16,000 per household.

"Over the next ten years, the president's budget would add a total of $74,000 per household in additional debt after this year," he explains. "That comes to about $90,000 per household of new debt dumped into the laps of our children and grandchildren."

Riedl predicts the Obama administration's record level of borrowing will harm the economy because it will raise interest rates and cost money out of the federal budget to pay the interest every year.

http://www.onenewsnow.com/Politics/Defa ... ?id=526760