At the same time Mr. Geithner explains to us how saddling us with trillions more in debt and expanding government intervention into every aspect of our lives has avoided depression, he warns that things are going to remain tough for the average American. His words are eerily reminiscent of Gerald Celente’s 2009 forecast:
For those paying attention, however, it should be clear that the next Great Depression was signaled by the 2008 economic and equities market crash, and the last three years of policy initiatives have done nothing to fix the fundamental problems that caused the crisis in the first place. An argument could be made that things are actually much worse now – on a number of fronts including the economy, jobs, real estate, deficit spending, national debt, and cost of living – than they were three years ago.
If you’ve haven’t guessed, it is very likely that the reason Americans are going to experience times tougher than anything they have experienced in their lifetimes is because our nation is fully engrossed in the next Great Depression.
It’s real. It’s happening right now. Prepare yourself financially, mentally, spiritually, and physically – because it’s only going to get worse.