Wednesday, October 7, 2009

It's a Coverup!

The second video that we watched this week was an interview with Gerald Celente.

Celente Video

Gerald Celente, a Trends Forecaster for the Trends Research Institute, talks about how he predicted the current economic crisis a year before it occurred. He actually says that his prediction was off by a few days.
Celente's main focus was that the recent stimulus packages that have been given out to companies and banks don't constitute a recovery, but a coverup. He says that the country has two possible directions it can take now, it can go through a revolution or a renaissance. Although he believes that we are better positioned to begin a revolution, it is still too soon for a recovery.

The biggest thing that he mentioned, that really resonated with me, was that we really have to let the "too big to fail" fail. We shouldn't have bailed out the companies that lost so much money and bankrupted the country.
I didn't know too much about the economy and the stimulus packages until I saw this video, but Celente makes me want to be more active in the economic future of my country and my family.

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