! ! ! ( www.geraldcelente.tk )Gerald Celente on The Tommy Schnurmacher Show
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Added: 140 days ago by PeterSchiff
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Bubble after bubble $13 trillions for new bailouts Gerald Celente
Futurist and The super depression predictor Gerald Celente is on Montreal Canada radio show Tommy Schnumacher , "current events form future trends , we are looking at retail sales declining at a rapid level , we'll see more higher and higher unemployment , In The United States 72% of our GDP is consumer based , it's unsustainable and it's insane , you cannot consume 72% more than you produce , what we are going to see is a rush of bankruptcies and more and more vacancies both in the retail sector and in the business sector , so all these office buildings that were built at the big boom from about 2001 to 2007 they're going to remain vacant " said Gerald Celente "United States of America is over stored , the commercial real estate sector is going to collapse " now they are bailing out the commercial real estate , and hence creating another bubble that we call the bailout bubble , first we had the dot com bubble instead of letting it burst they created another bubble the Real Estate bubble by lowering interests rates to 46 years lows , now the real estate bubble burst , rather than letting that burst now they are creating the bailout bubble they have 13 trillion dollars worth of tax payers money to bailout everybody
Futurist and The super depression predictor Gerald Celente is on Montreal Canada radio show Tommy Schnumacher , "current events form future trends , we are looking at retail sales declining at a rapid level , we'll see more higher and higher unemployment , In The United States 72% of our GDP is consumer based , it's unsustainable and it's insane , you cannot consume 72% more than you produce , what we are going to see is a rush of bankruptcies and more and more vacancies both in the retail sector and in the business sector , so all these office buildings that were built at the big boom from about 2001 to 2007 they're going to remain vacant " said Gerald Celente "United States of America is over stored , the commercial real estate sector is going to collapse " now they are bailing out the commercial real estate , and hence creating another bubble that we call the bailout bubble , first we had the dot com bubble instead of letting it burst they created another bubble the Real Estate bubble by lowering interests rates to 46 years lows , now the real estate bubble burst , rather than letting that burst now they are creating the bailout bubble they have 13 trillion dollars worth of tax payers money to bailout everybody
