And here I thought the first media references to Great Depression 2.0 wouldn’t occur until the fourth quarter:
The fake “recovery” was nice while it lasted, says famous apocalyptic forecaster Gerald Celente, founder of the Trends Research Institute. But now the fun’s over, and we’re headed for what Celente describes as the “Greatest Depression.” Specifically, the always startling Celente says the country is headed for rising unemployment, poverty, and violent class warfare as the government efforts to keep the economy going begin to fail.
The interesting thing isn’t that Celente is saying this. He’s been warning about this for a while. The interesting thing is that someone like Henry Blodgett is finally paying attention to him.