The Upcoming Global Depression

I know this sounds scary and some of you will dismiss it right away without looking at the facts but the truth is that there will be a global depression far greater than the great depression of the 30’s. You will begin to see financial systems collapsing all over the world including the United States. People like Gerald Celente, Peter Schiff, and Ron Paul all who have predicted what is happening now are all in agreement of an upcoming depression.

Peter Schiff- economist and owner of Global Pacific Corporation predicted the current recession, the bursting of the real estate bubble, the credit crunch, and failures of major companies watch https://www.youtube.com/watch?v=zdVP_sgCETo

Gerald Celente- worked in politics and lobbying before starting the trends research institute. He predicted the same things as Peter but he started making predictions before Peter and accurately predicted the 1987 stock market crash and the fall of the Soviet Union and predicted the panic of ’08.
https://www.youtube.com/watch?v=J3DfjLCcbzw

Ron Paul- US congressman of the state of Texas, ran for president in 1988 and 2008. Ron Paul has been warning congress of their wrong doing and blames the Federal Reserve for creating the problem we are currently in. In 2007 while campaigning he was the only candidate talking about a recession and talking about the problems of the economy before the recession hit.
https://www.youtube.com/watch?v=dv6rQ0U01Yc

While people and the mainstream media are blaming Wall Street for our current problems we should be blaming Washington and more specific the Federal Reserve, which is the central bank of the US. What got us in this problem was too much borrowing and too much spending and not enough savings and not enough production. And now Washington’s plan to get us out of this is to print more money out of thin air and lower interest rates. Artificial lower interest rates created by the Federal Reserve caused the problem were in now. When the interest rates are low it causes people to borrow more than they can afford which leads to bad investments that causes increased debts. Consumers are 14 trillion dollars in debt and what Obama is saying we need is to free up the credit markets so people can borrow again. And when you print money out of thin air at the rate that this administration is doing you’re going to devalue the currency so much that it’s going to collapse the U.S dollar. All of these stimulus packages and bailouts cost trillions of dollars and the US has no money so the Federal Reserve has to print the money, which they have to the amount of 12 trillion from the end of the Bush Administration to now. When you have more dollars circulating it brings the value of each dollar down which then raises prices.

Peter Schiff https://www.youtube.com/watch?v=XIZgfj7W_rE
Gerald Celente https://www.youtube.com/watch?v=9nJ7LM3iyNg
Ron Paul https://www.youtube.com/watch?v=YBVB1Uc0nko&feature=related