Gerald Celente on tech ticker: And Now We're Headed For...
[Posted because this story is now being covered by MSM.}
Video and story: http://finance.yahoo.com/tech-ticker
And Now We're Headed For The GREATEST Depression, Says Gerald Celente
Posted Aug 20, 2010 08:47am EDT
by Henry Blodget
The fake "recovery" was nice while it lasted, says famous apocalyptic forecaster Gerald Celente, founder of the Trends Research Institute. But now the fun's over, and we're headed for what Celente describes as the "Greatest Depression."
Specifically, the always startling Celente says the country is headed for rising unemployment, poverty, and violent class warfare as the government efforts to keep the economy going begin to fail.
The crux of the problem, Celente argues, is that the middle class has been wiped out. America used to be a land of opportunity for all, where hard-working people could build their own small businesses in their own communities and live prosperous and fulfilling lives. But now a collusion of state and corporate interests that Celente describes as "fascism" have conspired to help only the biggest companies and the richest Americans. This has put a shocking amount of the country's wealth in the hands of a privileged few and left the rest of the country to subsist on chicken-feed wages and low job satisfaction as Wal-Mart "associates" -- or worse.
The answer, Celente says, is to bring back the laws that prevented huge companies from getting so big and powerful, and put some opportunity back in the hands of ordinary people. But doing that is going to take a while. And in the meantime, we're headed for trouble.
The Law That Brings Down Huge Pedator Companies
The only law we need to bring down huge predator companies is the law of the jungle. These "predators" are only trying to survive big government.
If government were smaller, the smaller, nimbler, smarter, and younger size businesses and individuals would very quickly cause the huge companies to fail or break apart into smaller divisions.
They only get big in self-defense against government regulation. They are always targets, because voters are willing to sacrifice them, Congress is willing to sacrifice them, and they have to get big in order to afford to fight back. They do that, lobby Congress, and you end up with a symbiotic (fascist) relationship with Congress.
This is why when we fight taxes and regulation, we need to defend freedom for EVERYONE, including the rich and the big. If we only want freedom for the small, we are part of the problem.
IMissLiberty
Well said
Big goverment requires that business control it. Regulations become a way to protect profits and impede competition. Personally I think that Andrew jackson was right about corporations; "No bodies to kick, nor souls to damn!"
A man should be responaible for the behavioir of his business.
Do away with this legal instrumnets of the bankers called "corporations".
Here is a fun game - name one federal regulation of an industry passed in the last 30 years, that was NOT written by that idustries participants.
ciao,
rn
Liberty = Responsibility