Gerald Celente: Economic Collision Course: The “Crash of 2010”

Following the “Panic of ’08” and the subsequent “Great Recession,” Washington, Wall Street and the media united to promote the belief that extreme crisis management measures enacted by governments had rescued the world, and staved off even worse disaster.

“Recovery” was in the air. “Recovery” was the word on the public’s lips. “Recovery” was fervently preached and endlessly pitched.

A very few argued that the measures could not work; that they would not live up to expectations. But only Gerald Celente predicted, from the onset, that they would fail completely, leading to the “Crash of 2010” and an inevitable descent into the “Greatest Depression.”

Now, with the data catching up to Celente and the economic skies falling, the “Recovery Hawks” have turned “Chicken Little.”

Celente plotted out the collision course and provided strategies for both steering clear of the dead end “Road to Recovery” and following roads less traveled that would lead to safety and success.

As every driver knows, in the moment before a collision there’s a gap – a split second – between recognition of the crash to come and the impact. In economic terms, that gap was the period between August 2007 (when we pinpointed an imminent financial crisis) and now … August 2010. (more)