YouTube - RussiaToday's Channel
Just a video response to todays news that US unemployment hit 10.2% officially, the highest in 26 years. Gerald Celente is an economist who looks at reality, as oppose to some failed economic theories he learned in school 20-30 years ago, like all the other economist who fool themself and everyone else. Those poor economist says the economy is going better, now that GDP growth is not declining anymore, but they do not mention it is most likely because of the stimulous, who cost us far more than what we got back. The debt taken on to stop the correction of the economy in a downward spiral, just delayed the reality a bit further. Future generations have to pay those debts.
Ecomists and the politicians lie to the people to increase the effect of optimism, that has in most cases a positive effect on the economy when it is done. But, we cannot overlook that the economy is only slightly growing in only one section, GDP, while all the indicators of the fundamental part of the economy is declinging. Nor can we overlook that this tiny bottle of water the 60th hour in the desert is not going to save us. The tiny economic growth we have now is on the back of the biggest economic stimulous and bad management in history, and the politicians use of peoples optimism is at a maximum. Therefor it is not unlikely that as oppose to having a slow constant decline, we will have a very rapid collapse again, because of the stimulous and the politicians and economists lies.
Anyways.. What is your take? is the economy REALLY getting better?