Get out of Lost Vegas, Ammo and Gerald Celente Fed Inflates 'Bailout Bubble':
11/03/08 7:58 PM abitare They say the only way to win at Las Vegas gambling is to not bet. Except for Las Vegas casino stocks, which the odds are going to zero. An overbuilt and over-hyped city built on illusion of the "wealth effect" Americans are losing and will not likely return for decades. Las Vegas will die a slow death. Every state wants gambling revenue, so will broke Americans drive / fly all the way to Vegas or drive 20 minutes to the Indian or River Boat Casino to lose their money? Would you want to retire in 100+ degree heat? Eventually, water, electric and food will become pricey as oil is not coming down and Las Vegas is in the middle of a NO WHERE DESERT, no water, no food near by and increased transportation costs. Cash in your chips and walk away, is my recommendation. I told you Fools to Cash out of Lost Vegas.
You should watch the complete video, but tt is important to watch the last 2 minutes of the video. I am expecting new levels violence, as the millions fall into poverty and unemployment. It does not have to happen, but looks likely.
The Keyensian cure to recession / depression has been war in the past. War = doom and gloom.
From my post back in March 09:
What American’s will need going forward: Food, Shelter, Guns and Ammo
Again, go by you local gun store and ask about business or call and try and get into a gun class. Gun nuts can help me here. There is no deflation in guns or ammo, again go and see for yourself.
Gerald Celente on CNBC
You can watch the video
As the Federal Reserve throws more and more money at the economic crisis and holds interest rates down at historic lows, it could be inflating a devastating ‘bailout bubble,’ Gerald Celente, director of Trends Research Institute, told CNBC.
“We’re jooking at a bailout bubble that’s way bigger than the dotcom bubble before it and the real-estate bubble that we’re now getting out of, or attempting to,” Celente said.
“This is unprecedented; the economic system is being restructured,” he said.
The real-estate bubble was born out of the aftermath of the dotcom bubble because the Fed slashed interest rates and made more funds available, according to Celente.
But because the US government now has a vast equity position in financial institutions, it could mean that there is no bouncing back if a bailout-induced bubble bursts, Celente said.
“When this bubble bursts, there’s no reinflating it because of the government intervention into it so deeply,” he said.
“As you look through history, it seems like governments become emboldened by their failures,” he added.
Celente pointed out that according to the Italian fascist leader Benito Mussolini, the merger of state and corporate powers was called fascism.
“We could call this fascism lite,” he said, referring to the government involvement in free enterprise. “After these kind of catastrophic collapses, sometimes they’re followed by war.”
- Watch the full interview with Gerald Celente above.
Those who say "Doom and Gloom" do NOT Know What D&G is (Part 1).
I have dealing with children / non-mentally adult baby-boomers who throw the term "doom and gloom" (D&G) at me and others with insulting niave stupidity. They insult the intelligence of those, who know basic / elementary history. Even after the real estate, stock market and US dollar collapsed, we still do not have "doom and gloom" in the US. The US still has the reserve currency, the grocery stores are full, the violence is managable, there is a low population density in the US and very few people starve here.
The US has not seen D&G since the Civil War. Union's General Sherman gave the Southern States some D&G as he burned Southern Cities to the ground and starved Southern soldiers held captive. Europe, Asia, Africa, and South America have a more recent history of D&G, hense their apprehension of joining the infinate "War on Terror".
The US has been living off the wealth created by the annilation of industry and people during WW1 and WW1 Part 2 The Rise and Fall of the Axis power. 40 million dead and the industrial productive capacity of Europe and Asia leveled. WW1/WW2 = Doom and Gloom.
D&G is when the Four Horsemen ride, we have not seen that, yet. The "
Four Horsemen of the Apocalypse" is a term to describe the four horsemen as Pestilence, War, Famine, and Death.