The United States threw money by the tanker load at the financial crisis and it got us nowhere. Granted you can make the argument the money was misdirected to big banks when it should have been used to prop up the labor market. Now we are in an election cycle so any chance of further jobs programs is essentially zero as the GOP looks to capitalize on the poor economic performance under Obama.
Gerald Celente goes further in the interview outlining what he thinks the endgame will be in this situation. He points out when an economic crisis overwhelms a society, political leaders will try to create a sense of nationalism. Essentially it will mean war. You can already hear the drumbeats beating in the Middle East as Iran and the US saber rattle. Any closure of the straits will cause an immediate oil spike that will finish off struggling economies worldwide.
Now at this point you are probably wondering why you even leave the house. Celente in his his latest report gives readers tips on how to, in his words, prepare, survive and thrive in a severe economic downturn. He’s big on inflationary hedges such as gold and silver. Silver prices have been enticing in recent weeks as they have remained under $30 an ounce. They are a bit more accessible than gold with its $1600+ an ounce price. Then he goes into stockpiling essentials in case their is a disruption in basic necessities. Even if you do not agree with his dire outlook it never hurts to prepare. At the very least the stockpile of Chef Boyardee will come in handy for Snowpocalypse 2.
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