Are we Headed for The Greatest Depression of All Time?

I am pretty tired of talking about gloom and doom, but it's hard to miss the 1 Trillion + Gorilla sitting in front of us.  I am hoping I am wrong, but I don't see the U.S. or the world headed toward a realistic exit strategy for where we have ended up. - JW Najarian



And Now We're Headed For The GREATEST Depression, Says Gerald Celente


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.


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My job has brought me closer to the source of the problems than most people will get. For the past six years, I've been working with the government (the DoD, in particular) to help them "Transform" from current state to one where smarter investment decisions are made, there is less waste or redundant spending, etc. I won't spend a lot of time talking about the challenges we're facing. People can find out more by following the "fiscal wakeup tour" started by David Walker in 2005: http://www.gao.gov/special.pubs/longterm/wakeuptour.html

What may be relevant to this audience is the fact that my exposure to the source of the problem is what drove me to real estate. Seeing what the future holds, and considering options for my family and I, I concluded that the best strategy includes control of real property assets through a business structure. 

As the author suggests, we're facing a future where there isn't much. It will be a different world in 2038 - more different than anything we've seen. Between now and then, those who figure out how to control real property and leverage the advantages of a legitimate business structure will be in much better position than those who don't. 

Further, I do not believe that the future is for businesses that merely make money. Social responsibility will grow in importance in the coming years as the federal and state governments find it increasingly more difficult to sustain entitlements and provide basic services. 

Making money will remain as the lifeblood for any viable business, but we will have to do more for communities. The "give back" will become more than a nice idea. It will become important to people in ways we don't yet understand.

All that said, I believe that despite the pain we feel and will feel, it is an exciting time to be part of the game. We will see feats of human charity, creative new business models, and a society united against a common adversary. No matter how bad things get, there are people who will make a difference & make things better. 

I hope I am fortunate enough to know them.
"Doom and Gloom" originates from the responsible parent speaking to the adolescence teenager. It is time that we become honorable MEN.

Get straight to the truth and explain with knowledge, the facts.

In this manner, we avoid becoming accessory to a crime of exploiting the unwitting.

Publish Truth, or eventually Perish.

Rick Meyers.
P.S. This is in not directed towards you J.W.

I don't want you to feel as though it was.

Rick.
Nicely said David, I only want to point out that we have all over leveraged our lives, government the country and the world.

This ponze scheme type movement of capital is not sustainable and thus will have to be reckoned. with soon. I do not know Celente's beliefs about government or religion, I just believe he brings up very interesting points that we need to ponder.

I am not a conspiracy theorist or economist, just a business person that is looking to find out where we are so we can start to move to where we need to be.

Rick, I didn't take anything you said personally. I really appreciate your input. Not necesarily the point I was trying to make, but the your views, they have merit, must be reported.

We all have our views and opinions. The clip you put in is full of quotes and some are highly debated on the web. I just read that Woodrow Wilsons quote may be suspect and I also read about Henry Ford and his link to Hitler. Ford is said to be a well known anti semite and was awarded Germany's highest awards by Hitler. http://www.traces.org/henryford.html.

I will not and can not go into detail, on what the real truth is, as I am no historian, but my belief is that greed runs all things and that although, we cannot legislate against greed; we can, as David said, hopefully push the paradigm in a better direction.

There will always be the few that dictate to the many, but at least in a free society we have the means to make choices that work against this fact.

The truth seems to be that too many of us, in an effort to succeed, gamble too much with what we are given. We as a world need to learn that leverage is good, but over leverage is bad and that, in order to go forward, someone needs to take the hit for making bad choices.

I know this is probably over simplistic, but I want to be part of the solution, which means that I will continue to say the emperor has no clothes and try to come up with solutions.
JW. you stated: "I am not a conspiracy theorist or economist".

We have a choice as honorable men, either to bend to the unwitting stigmatization of un-sound and conformed minds, or Stand up! as men with integrity even in the face of death and do what is right for all people to have and desire freedom.

We can give in to those or live with integrity, but we can not have both.

Here are the words of Kennedy, that can not be misconstrued nor divided into sound bites in order to negate the truth. In reference to what you stated: "We all have our views and opinions. The clip you put in is full of quotes and some are highly debated on the web."

There is an elite group of men that are seeking and succeeding to take all you have. While we play in the little sand box arguing over our own "opinions". There are men dying to protect us and we glaze over it.

NOTICE: Kennedy express the word: "Conspiracy".

P.S. I have many quotes from many honorable men and women that all agree. Even the United States Supreme Court agrees.

If you'd like I will post those also. I'ts time to wake up.

Rick, I do take offense to the statement you made.

"There is an elite group of men that are seeking and succeeding to take all you have. While we play in the little sand box arguing over our own "opinions". There are men dying to protect us and we glaze over it."

To say that if someone does not agree with you that they may be somehow un-patriot, just plain wrong or uncaring is offensive to the freedoms I hold dear.

“Fight for your opinions, but do not believe that they contain the whole truth or the only truth.” Charles Dana

I will not fight your truth as I believe it is better not to allow mine or others perceptions to be skewed by perceived unyielding truth. I prefer to keep an open mind.

You are welcome to post as you please.
JW. Even Christ will tell you that it is un-patriot to turn a blind away from the evils of government that oppress men.

And the way we use "opinion" to confuse it with facts is prevalent in this washed downed society.

Also, I did not mention how offended I was when you stated "I am not a conspiracy theorist".

"it is better to die on your feet than live on your knees."
Emiliano Zapata.
Actually, most of the people that get paraded around are the "positive on the market types". You have to look hard not to get a real positive spin. We have discussed that focusing on the positive could actually help us increase the velocity of capital and could be the catalyst to getting things moving again.

On the other hand, as the retail and job figures continue to go bad, I believe things will get worse not better. It is my belief that the truth will set us free. The truth being that if we realize now, that the market will have to get worse before it gets better, than maybe we can do something about it before it kicks our butts.

Hopefully I am real wrong and all will be well as we move toward growth in the next five years. Believe me, I hope I am real wrong.

I put this out to show, what I believe we do not see enough; and that is reality. The other day when CNBC had Kyle Bass on the show the interviewer retouched all his negative comments with positive ones.. Kyle's fund made an astounding 600% return based on his economic predictions over the last few years.. Is he wrong? He could be. I don't think so. Celente is a bit over the top for me as well, but that does not make most of his points invalid. Celente seem to me to be just negative and he has been for some time. If you stay negative 100% of the time you will be right at least 50% of the time....

They say the truth usually lies somewhere in the middle so the middle is where I want to be.

I am pretty tired of the spin, period, so I like to point out both sides... My most recent blog coming out tonight is the 10 ways to stimulate the economy. Not my ways.. just ones I found on the net. I believe that CREPIG should report both sides and not for the sake of the sides.. I don't want to take a side.

As I keep saying we need to figure out where we are so we can figure out where we are going. With that we can come up with plans and solutions, hopefully based on what is working for others. We can argue why we are here and where we should go all day, but this is counter productive in my view. I would rather have the like minded find each other, come up with solutions and move.

There is no winning the who is right argument. That is why CREPIG is a diverse set of ideas and skill sets as we need everyone involved, in order to move forward.

I just met with a representative from Spain and he said that they believe that the U.S. is seeding us with propaganda in order to move the dollar higher or at least move the rest of the world currency lower... Wow.

BTW the winning numbers are 4 8 15 16 23 42
Being an optimist, I wonder if we could collectively work out a deal to house the world domination army. You know... maybe a housing credit thing based on rank and locality pay. Partners wanted.

A special note to those who are monitoring my Blog entries: I'd be happy to offer free Internet and coordinate local dry cleaning services.
Bob,

Rich Dad caught my eye at a Staples a few years ago when I carried a 2 hour one way commute. As a father, I thought an audio book with that title might make a good way to pass the time, and maybe learn something I could pass on to my kids. That CD started a journey that ranged all over many authors, "experts," a few courses, into REIA's, a few masterminds, and forums like this one.

The Creating Wealth and Improving Communities "zen" as you aptly name it, is a product of my own deviance. It's sort of a former active duty, volunteer fire fighter, civil servant meets new world business owner thing. It works for me, is congruent with my core beliefs, and allows me to sleep well at night. Doing the right thing can be profitable in a number of ways.

Now, the fact that this multi year journey towards enlightenment has resulted in a pithy forum entry seeking partners in support of a world domination army housing project might be considered kind of pathetic, but a good education is a terrible thing to waste.
We have a call out to Robert Allen and Carelton Sheets for the housing. And Trump is handling media.

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