Sunday, 17.05.2009.
15:25
The world economic crisis is only at the beginning and it could completely change the present balance of power in the world, according to Gerald Celente.
Izvor: Veèernje novosti
pre 14 godina
@Agim
You might laugh,but the ruble and the yuan will become the worlds reserve currencys!
Why?Russia controls together with its allies nearly half of the worlds oil,gas and metals resources,China in five years will surpass the American economy and will become the biggest market,and from whom are they buying those resources?
Guess what,Russia and its allies Iran,Kazahstan,Iraq,northern African countries etc.
pre 14 godina
Milan thats the sort of populism I'm talking about 'us' against 'them'.
Celente isn't one of 'us' anyway, he's part of the establishment.
And BTW most economists in the US are not Keynesianists at all. There are plenty of neo-liberals, neo-cons, monetarists or supply siders. Reagan and Bush certainly did not follow keynesianism either and we know Clintons record on the economy...
Let me explain Celente made a number of speculations without ever comitting himself too much - talking mainly about downturns. This time he's said there will be a depression. Good for him, but we are not in a depression yet.
But now to defend his reputation its in his interest that a depression occurs. So he must encourage easily fooled people to follow his philosophy to create such conditions.
That means don't spend, don't invest in global stock markets etc etc etc.
BTW he is not the only economist who said in a book that there would be a serious economic crisis soon.
Tell you what I'll predict a recovery next year and another recession in 7 years time which will be even worse that this one.
BTW his claim to have predicted a number of crashes including the one in 1987 are completely unverified as cynics like myself have scanned the newspapers and found there is no record of any such statements.
Like I said there is some merit in the micro analysis of trends he does but
Beware of populist gurus.
pre 14 godina
Celente is 100% correct. He follows the Austrian School of Economics and not Keynesian which everyone else follows. It is simple to see that the world already is IN a depression because government statistics are all lies. They change every year how they calculate because they are able to benefit the most from it and because THEY ARE IN POWER! Just look at what Peter Schiff, Ron Paul, Lew Rockwell, Celente, etc are saying. They are the ones who were writing about what is going to happen now back in 2001!!! So I don't understand the comment above about staking his reputation because he wrote a book about this years ago and look... it happened!
pre 14 godina
Why you give so importance to this kind of guy ??
Always free vodka in Beograd ??
pre 14 godina
"The Dinar and rubble are taking over!!!!
(Agim, 17 May 2009 18:09)"
Even Serbia and Russia don't OWE the whole world so much money!
pre 14 godina
"He conveniently forgot to advise people to keep away from the greenback with a ten foot pole ..... not unless they want to bequeath the banana currency of the future to their kids!"
The Dinar and rubble are taking over!!!!
pre 14 godina
Take this with a pinch of salt.
This guy with his populistic phrases like 'don't trust the experts' thinks we should trust him.
There is something in his analysis about how to see trends but I don't take much notice of this.
BTW this guy has for the first time been specific and predicted a depression. He better hope there is a depression as he has staked his reputation on it.
pre 14 godina
"Invest in gold and health food, says Celente"
He conveniently forgot to advise people to keep away from the greenback with a ten foot pole ..... not unless they want to bequeath the banana currency of the future to their kids!
pre 14 godina
"Invest in gold and health food, says Celente"
He conveniently forgot to advise people to keep away from the greenback with a ten foot pole ..... not unless they want to bequeath the banana currency of the future to their kids!
pre 14 godina
Take this with a pinch of salt.
This guy with his populistic phrases like 'don't trust the experts' thinks we should trust him.
There is something in his analysis about how to see trends but I don't take much notice of this.
BTW this guy has for the first time been specific and predicted a depression. He better hope there is a depression as he has staked his reputation on it.
pre 14 godina
"The Dinar and rubble are taking over!!!!
(Agim, 17 May 2009 18:09)"
Even Serbia and Russia don't OWE the whole world so much money!
pre 14 godina
"He conveniently forgot to advise people to keep away from the greenback with a ten foot pole ..... not unless they want to bequeath the banana currency of the future to their kids!"
The Dinar and rubble are taking over!!!!
pre 14 godina
Celente is 100% correct. He follows the Austrian School of Economics and not Keynesian which everyone else follows. It is simple to see that the world already is IN a depression because government statistics are all lies. They change every year how they calculate because they are able to benefit the most from it and because THEY ARE IN POWER! Just look at what Peter Schiff, Ron Paul, Lew Rockwell, Celente, etc are saying. They are the ones who were writing about what is going to happen now back in 2001!!! So I don't understand the comment above about staking his reputation because he wrote a book about this years ago and look... it happened!
pre 14 godina
Milan thats the sort of populism I'm talking about 'us' against 'them'.
Celente isn't one of 'us' anyway, he's part of the establishment.
And BTW most economists in the US are not Keynesianists at all. There are plenty of neo-liberals, neo-cons, monetarists or supply siders. Reagan and Bush certainly did not follow keynesianism either and we know Clintons record on the economy...
Let me explain Celente made a number of speculations without ever comitting himself too much - talking mainly about downturns. This time he's said there will be a depression. Good for him, but we are not in a depression yet.
But now to defend his reputation its in his interest that a depression occurs. So he must encourage easily fooled people to follow his philosophy to create such conditions.
That means don't spend, don't invest in global stock markets etc etc etc.
BTW he is not the only economist who said in a book that there would be a serious economic crisis soon.
Tell you what I'll predict a recovery next year and another recession in 7 years time which will be even worse that this one.
BTW his claim to have predicted a number of crashes including the one in 1987 are completely unverified as cynics like myself have scanned the newspapers and found there is no record of any such statements.
Like I said there is some merit in the micro analysis of trends he does but
Beware of populist gurus.
pre 14 godina
Why you give so importance to this kind of guy ??
Always free vodka in Beograd ??
pre 14 godina
@Agim
You might laugh,but the ruble and the yuan will become the worlds reserve currencys!
Why?Russia controls together with its allies nearly half of the worlds oil,gas and metals resources,China in five years will surpass the American economy and will become the biggest market,and from whom are they buying those resources?
Guess what,Russia and its allies Iran,Kazahstan,Iraq,northern African countries etc.
pre 14 godina
"He conveniently forgot to advise people to keep away from the greenback with a ten foot pole ..... not unless they want to bequeath the banana currency of the future to their kids!"
The Dinar and rubble are taking over!!!!
pre 14 godina
Take this with a pinch of salt.
This guy with his populistic phrases like 'don't trust the experts' thinks we should trust him.
There is something in his analysis about how to see trends but I don't take much notice of this.
BTW this guy has for the first time been specific and predicted a depression. He better hope there is a depression as he has staked his reputation on it.
pre 14 godina
Why you give so importance to this kind of guy ??
Always free vodka in Beograd ??
pre 14 godina
"Invest in gold and health food, says Celente"
He conveniently forgot to advise people to keep away from the greenback with a ten foot pole ..... not unless they want to bequeath the banana currency of the future to their kids!
pre 14 godina
Celente is 100% correct. He follows the Austrian School of Economics and not Keynesian which everyone else follows. It is simple to see that the world already is IN a depression because government statistics are all lies. They change every year how they calculate because they are able to benefit the most from it and because THEY ARE IN POWER! Just look at what Peter Schiff, Ron Paul, Lew Rockwell, Celente, etc are saying. They are the ones who were writing about what is going to happen now back in 2001!!! So I don't understand the comment above about staking his reputation because he wrote a book about this years ago and look... it happened!
pre 14 godina
Milan thats the sort of populism I'm talking about 'us' against 'them'.
Celente isn't one of 'us' anyway, he's part of the establishment.
And BTW most economists in the US are not Keynesianists at all. There are plenty of neo-liberals, neo-cons, monetarists or supply siders. Reagan and Bush certainly did not follow keynesianism either and we know Clintons record on the economy...
Let me explain Celente made a number of speculations without ever comitting himself too much - talking mainly about downturns. This time he's said there will be a depression. Good for him, but we are not in a depression yet.
But now to defend his reputation its in his interest that a depression occurs. So he must encourage easily fooled people to follow his philosophy to create such conditions.
That means don't spend, don't invest in global stock markets etc etc etc.
BTW he is not the only economist who said in a book that there would be a serious economic crisis soon.
Tell you what I'll predict a recovery next year and another recession in 7 years time which will be even worse that this one.
BTW his claim to have predicted a number of crashes including the one in 1987 are completely unverified as cynics like myself have scanned the newspapers and found there is no record of any such statements.
Like I said there is some merit in the micro analysis of trends he does but
Beware of populist gurus.
pre 14 godina
"The Dinar and rubble are taking over!!!!
(Agim, 17 May 2009 18:09)"
Even Serbia and Russia don't OWE the whole world so much money!
pre 14 godina
@Agim
You might laugh,but the ruble and the yuan will become the worlds reserve currencys!
Why?Russia controls together with its allies nearly half of the worlds oil,gas and metals resources,China in five years will surpass the American economy and will become the biggest market,and from whom are they buying those resources?
Guess what,Russia and its allies Iran,Kazahstan,Iraq,northern African countries etc.
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