“Never before has so much phantom money been printed out of thin air, backed by nothing, producing practically nothing,” Celente continued. “You don’t even have to be a student of history to know the outcome of this. All you have to do is have your eyes open, and start thinking for yourself.”
A trends forecaster says the current economic “rebound” from last winter’s Wall Street collapse of banks, insurance companies and automobile manufacturers is an artificial blip created by ‘phantom money printed out of thin air backed by nothing.”
And Gerald Celente of TrendsResearch.com, says people right now should be bracing for “the greatest recession” which will hit worldwide and will mark the “decline of empire America.” Crop failures could be among the minor concerns.
“Here we are in 2012. Food riots, tax protests, farmer rebellions, student revolts, squatter diggins, homeless uprisings, tent cities, ghost malls, general strikes, bossnappings, kidnappings, industrial saboteurs, gang warfare, mob rule, terror,” he writes for a quarterly publication that is available through subscription on his website.
The recent surge in Wall Street indexes back to near the 10,000 level, still far below the 14,000 prior to the crash, should be no reassurance for anyone, he said.
“There’s no recovery. This is merely a cover-up,” he said. “The market crashed in March of 2009 and around the world they papered over the damage from the collapse with phantom money printed out of thin air backed by nothing,” he said.
This is “much bigger” than an economic collapse, he said. “This is the decline of empire America.”