Federal Reserve Interest Rates - Gerald Celente - Why Europe Hasn't Imploded (April 21, 2011).
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How is Gerald Celente - Why Europe Hasn't Imploded (April 21, 2011)
Gerald Celente - Why Europe Hasn't Imploded (April 21, 2011) Video Clips. Duration : 14.57 Mins.
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For the latest Gerald Celente, go to theGeraldCelenteBlog.com - Gerald Celente is one of the leading long term trend forecasters. Early last year, he said that by the end of 2010 the United States would be technically bankrupt. The Chinese are dumping the dollar at record rates. There is no doubt that we are in the first stages of this. Gerald Celente was right about his prediction, but his critics have been trying to discredit him. We are living in a lala land where they try to tell us that up is down and black is white.
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Federal Reserve Interest Rates - Paul Krugman - How Europe is Different than the US.
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How is Paul Krugman - How Europe is Different than the US
Paul Krugman - How Europe is Different than the US Video Clips. Duration : 8.10 Mins.
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Have you read the reviews on Krugman's new book yet? www.amazon.com There is nothing we didn't know about the situation in Greece. They have a problem that we don't know how to resolve. Greece is not big, but the Eurozone is one of the world's most important economies. If anything, we are too optimistic about Greece, but we have no idea how this works. The Greeks need to readjust, but it isn't politically possible. Perhaps they can drop out of Europe. The other European needs to offer them massive aid, but right now they are not ready to do that. If Greece doesn't resolve this, people are going to think that Greece was an extreme case. Portugal and Spain somewhat resemble Greece, and it starts to call the whole thing into question. But it isn't a sovereign debt problem, it is a Eurozone problem. It is fanciful to think that you can extrapolate from the Greece situation to the United States bond market. There is absolutely no reason to worry about the fiscal situation in the United States. In the United States economy, the Euro has dropped. This is not a good thing. One of our biggest trading partners has become more competitive, and the United States has become less competitive. It's not good for the economy, and it is not good for the world.
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