Kingston, NY -- The biggest financial bubble in
history is being inflated in plain sight, said Gerald Celente, Director of The
Trends Research Institute. "This is the Mother of All Bubbles, and when it
explodes," Celente warns, "it will signal the end to the boom/bust
cycle that has characterized economic activity throughout the developed
world."
Either unwilling or unable to call the bubble by its proper name, the media,
Washington and Wall Street describe the stupendous government expenditures on
rescue packages, stimulus plans, buyouts and takeovers as emergency measures
needed to salvage the severely damaged economy.
"All of this terminology is econo-jargon," said Celente. "It's like calling torture 'enhanced interrogation techniques.'
Washington is inflating the biggest bubble ever: the 'Bailout Bubble.' "This is much bigger than the Dot-com and Real Estate bubbles which hit speculators, investors and financiers the hardest. However destructive the effects of these busts on employment, savings and productivity, the Free Market Capitalist framework was left intact. But when the 'Bailout Bubble' explodes, the system goes with it."
The economic framework of the United
States
Phantom dollars, printed out of thin air, backed by nothing
... and producing next to nothing ... defines the "Bailout Bubble."
Just as with the other bubbles, so too will this one burst. But unlike Dot-com
and Real Estate, when the "Bailout Bubble" pops, neither the
President nor the Federal Reserve will have the fiscal fixes or monetary
policies available to inflate another.
With no more massive economic bubbles left to blow up, they'll set their sights
on bigger targets. "Given the pattern of governments to parlay egregious
failures into mega-failures, the classic trend they follow, when all else
fails, is to take their nation to war," observed Celente.
Since the "Bailout Bubble" is neither called nor recognized as a
bubble, its sudden and spectacular explosion will create chaos. A panicked
public will readily accept any Washington/Wall Street/Main Stream Media alibi
that shifts the blame for the catastrophe away from the policy makers and onto
some scapegoat.
"At this time we are not forecasting a war. However,
the trends in play are ominous," Celente concluded. "While we cannot
pinpoint precisely when the 'Bailout Bubble' will burst, we are certain it
will. When it does, it should be understood that a major war could follow."
Learn more about Trends Research Institute and Director Gerald Celente online, or by calling 1-845-331-3500.
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