What’s happening now is exactly what happened before the Panic of 2008 and the Dot-Com bust.
February 18 (King World News) – Gerald Celente: “Inflation is paralyzing to people. 64% of Americans are living paycheck to paycheck. And when you go to John Williams at Shadowstats the inflation is double what the government is telling us, so we have (substantially) negative real yields (far worse than anything seen in the 1970s). And Mastercard and others can charge a 20% interest rate. How can the people pay this? They can’t. Every week for the last 28 weeks in the Trends Journal we have been listing the job cuts going on across the United States and around the world. They’re huge. That number that came out for January stating there were 521,000 jobs created was bullsh*t. Temporary workers have been getting laid off everywhere. That’s exactly what happened in the Panic of 2008 and it’s exactly what happened with the Dot-Com bust. Temporary workers were the first to go…to continue listening to Gerald Celente discuss CLICK HERE OR ON THE IMAGE BELOW.
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