[8-minute video] Gerald Celente on Obama's budget: "They're bankrupting the country!" — "These problems are only going to get worse because the fundamentals are worse: the health of the nation, physically, emotionally and spiritually."

“It’s all a lie and a scam. If you go back to what they said and what is, you can see the future.”

“These problems are only going to get worse because the fundamentals are worse — and that is the health of the nation, physically, emotionally and spiritually.”

– Gerald Celente

Transcribed by Jeff Fenske

* * *

[youtube=http://www.youtube.com/watch?v=wZ-YyCvZ874]Gerald Celente on Obama’s budget: “They’re bankrupting the country!”

Uploaded on Feb 15, 2011

The new US budget was revealed by President Obama calling for America to rebalance the global economy, stressing that the US cannot rely on foreign governments to finance domestic consumption. However, many point to Obama’s inability to rein in spending, including Gerald Celente. He says the future will be more of the same; it’s going to be more debt and placing the burden on the American people.