The world is headed for the Great Depression, Greatest Depression,” Trends Research Institute Founder Gerald Celente tells Lew Rockwell, Tuesday. “This will be much worse than the 1930′s Depression. We’re in the global age, and it’s spreading globally.”
And the result? Nothing but poor unemployment numbers, according to him, including 750,000 more jobs lost since March to offset any alleged gains in employment reported by the U.S. Department of Labor so far this year.
After all those trillions of dollars thrown into the system, there is no recovery. “America is turning into a plantation economy,” says Celente.
Just as the Great Depression of the 1930′s ushered in high crime rates, alcoholism and suicides, today’s start of the “Greater Depression,” according to Celente, already reveals a nation repeating the social ills of a past economic nightmare.
“Look at the crime rates. Look at the insanity that is happening,” says Celente.
“Every day you pick up the newspaper. You listen to the television,” Celente continues. “Whether it’s the Batman psycho, the Sikh crazy guy, or some guy walking into a hospital room and blowing his wife to pieces, or killing a mother-in-law and two kids, every day is another chapter in cold blood. Society is unraveling around us.”
And the craziness isn’t just a U.S. phenomenon; it’s global.
In Israel, Spain and Greece, the same thing. Four Israelis set themselves on fire within one month from terrible despair. The Spanish are “attacking supermarkets.” Greece is throwing out immigrants; “that society is falling apart,” he says.
“Are we going into war? Is history repeating itself?” Celente ask rhetorically. “Play back the tape. The Crash of ’29—Great Depression—currency wars—trade wars—world war. The Panic of ’08—Great Recession—currency wars are happening.