Gerald Celente Finally Gives a Date for U.S. Economic CollapseEconomics / US Economy May 03, 2014 - 07:54 AM GMT
Gerald Celente, a popular gloom and doom blogger and publisher of the TR Journal finally gives a date for the always coming economic collapse that I must have been hearing about for 5 years now.
WLW Radio - 30th April 2014
"Your predicting an economic collapse, when do you think that is going to happen Gerald?"
"I am going to say by the end of the second quarter." - Gerald Celente
Apparently the straw that broke the camels back was the bad U.S. GDP data for Q1 of just 0.1%, currency devaluation and Fed QE. Though off course the GDP numbers for Q1 were bad, this was more or less EXPECTED, apparently all it takes is a few days of sunshine for everyone to have forgotten snowmageddon for much of Q1.
This is what I expect to happen for Q2 - A STRONG U.S. economic rebound that recoups much of the weakness of Q1, in fact I would not be surprised if U.S. April to June GDP comes in as high as above 1% (including any upwards revision to Q1), never mind collapse!
Now back to Gerald on his expectations for Q2 economic collapse, great to finally have a date on it!
Though googling I can see that according to Celente the U.S. was supposed to have already collapsed about a dozen times by now for instance in this video of 25th Oct 2013 the U.S. was supposed to have collapsed in Q1 2014 when it GREW by 0.1%!
"I believe it is going to happen in the first quarter of 2014". To save you listening to the whole 23 minutes fast forward to around 16.30.
If everything is still ok by 1st July, I guess the next video will say economic collapse by end of Q3, then Q4, and on and on it goes....
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