THE “GREATEST DEPRESSION” HAS BEGUN

The coronavirus hysteria sweeping the globe has changed the course of history.

Politicians around the world, a.k.a. the supreme commanders of the human race, have shut down the global economy... crashing it.

Nothing close to this has ever been witnessed in the history of the world.

It is promoted by the media and accepted by the masses as the proper thing to do… without a mere mention of the consequences, which will be far more deadly than the virus.

A gaggle of narcissistic, psychopathic, pathological freaks and fools: From Presidents and Prime Ministers to the little boys and girls glorified with titles of “Honorable” playing Governor, Mayor, etc. giving executive orders to shut down businesses, close the schools, stay in your house!

Bringing in SWAT teams to keep you off the streets… bringing in the National Guard to take control.

Heil Hitler. Salute Stalin. March to Mussolini. Obey Mao… Merkel, Conte, Johnson, Sanchez, or a Cuomo… follow their orders.

The people obey. If you are not going along with them, you are abnormal for not jumping on the bandwagon.

You are a betrayer if you don’t believe your commander.

What will the masses do when a real crisis breaks out, such as a deadly terror strike or war?

By their deeds you shall know them.

Will they run to the store to buy toilet paper before they run for their lives?

The “Greatest Depression” has begun. Main Street and Wall Street have crashed.

The world is out of work and the equity markets are out of money.

This simultaneous double-blow has never happened before.

Worse Than Before

When the Great Depression hit in 1930, there were 2 billion people on the planet.

In just 90 years, we added another 5.7 billion people… many of whom are already out of work, looking to escape their countries that are wracked by war, poverty, violence, and corruption.

Thus, the immigration/refugee crisis currently existing will escalate into an international catastrophe.

The existing homeless crisis will also rapidly escalate, flooding the streets across the globe with out-of-work and nowhere-to-go people of all ages. And, tens of millions of human jobs will be lost as robotics and AI rapidly enter the workplace.

On the economic front, the global debt bubble, well above $250 trillion, will crash countries and companies, bringing down the multinationals to the mom-and-pop businesses.

And, with national debt burdens already in the hundreds of trillions, as tax revenues plummet, so, too, with country’s economies, whose bonds will be worthless and with loans they will default on.

On the personal level, the debt burdens are far beyond what could have been imaginable 90 years ago. Student debt, credit card debt, mortgages, car loans, etc.

For example, in the United States, some 60 percent of Americans have less than $1,000 in savings and 40 percent don’t have $400 to cover an unexpected expense.

And, with 78 percent of workers living paycheck to paycheck, now out of work as a result of governments closing down business across the nation, they are going into the “Greatest Depression” much deeper already deep in debt.

 

29 Comments
    • tanneronline2 2 weeks ago

      Real and lasting Hope is ONLY found in Jesus.

      In the beginning the Word already existed.
      The Word was with God,and the Word was God.He existed in the beginning with God. God created everything through him, and nothing was created except through him.
      The Word gave life to everything that was created,a and his life brought light to everyone.
      The light shines in the darkness, and the darkness can never extinguish it.
      —————————————————————————————————
      Come, gather together, and draw near, you fugitives from the nations.
      Ignorant are those who carry idols of wood and pray to a god that cannot save.
      Speak up and present your case—yes, let them take counsel together.
      Who foretold this long ago?
      Who announced it from ancient times?
      Was it not I, the LORD?
      ——————————————————————————————-
      For I am not ashamed of the gospel, for it is the power of God for salvation to everyone who believes, to the Jew first and also to the Greek.

      There is no other God but Me,

      a righteous God and Savior;

      there is none but Me.

      • Cujer 1 week ago

        Our Battle is not against human forces, rather we are struggling against the rulers and authorities and there dark powers that government this world, we are fighting against the spirits and the supernatural forces of evil.

        Ephesians Chapter 6 verse 12.

  1. [email protected] 2 weeks ago

    I am one of those americans that doesn’t have $ 400,paycheck to paycheck. I have been on my own since I was in my twenties. I am 56 years old. I am thankful I didn’t buy a house. I was married & divorced, and try to help my X,because she only makes $ 14 hrs. It’s only by ” The Grace of God” that I worked for as long as I have. The people that manage have adolescent mentalities.

  2. Alan Altman 2 weeks ago

    I am retired now, just living on Social Security retirement. But, I heard tonight on ITM Trading Lynette Zang that the US gov’t will send at least a one-time “helicopter money drop”, to all adults, 18+yo citizens, check of approximately $1,000. Should be in about 2 weeks. Lynette said, it’s not clear if this is one-time, periodically, or becomes permanent. Fed can create from nowhere is much as they want, so are comes the helicopter money, so you don’t riot, this year, maybe in 2021,or later. Massive hyperinflation to destroy the US dollar, so if the NYSE does up in a few years its level could be in the trillions, which might buy you a cup of coffee. So, I’m using my “helicopter money” to buy emergency food processing equipment and the food to dehydrate, or whatever. I could not find ANY for sale on the internet, “SOLD OUT”!!!

  3. atlantis 2 weeks ago

    Trump said he was Happy: Fed lowers rate and gives more QE to pump up “his” stock market. That is what is important….folks. Get your priorities right!
    Good God, they spend 100 x more on everything than other countries do, but the results are the worst!
    Lockdown and shelter in place! Not so for THE WAR GAMES CALLED “DEFENSE Europe” (or some stupid name) in the Baltic area – they are going ahead…Go figure

  4. Dror Ben Ami 2 weeks ago

    If you are Jewish, I would encourage you to come to Israel now, while you STILL can !!!

    At he very minimum go to: Nefesh B’ Nefesh and begin to fill out the forms…..it is a long procedure…..better to start now….

    WorldZionistReport.com

    • Eblaney 2 weeks ago

      🙄

    • Cujer 1 week ago

      Our Battle is not against human forces, rather we are struggling against the rulers and authorities and there dark powers that govern this world, we are fighting against the spirits and the supernatural forces of evil.

      Ephesians Chapter 6 verse 12.

      • Cujer 1 week ago

        Our Battle is not against human forces, rather we are struggling against the rulers and authorities and there dark powers that govern this world, we are fighting against the spirits and the supernatural forces of evil.

        Ephesians Chapter 6 verse 12.

  5. thanasi_10 2 weeks ago

    Its crazy how these leaders come out and say oh yes about 70% of you will get infected and bla bla bla.

    Selling fear fear. Media pushes it. The unknown is fearful

  6. robyntownsend 2 weeks ago

    I am in Australia and truly revolted by the despicable leadership here in the land of Downunder. Our Prime Minister, Scott Morrison just didn’t get it when he went on holiday with the wife and kids to Hawaii at Christmas while Australia exploded in the worst bushfires in history. And now this morning, he had the gall to call frightened and terrified citizens un-Australian as they flood the supermarkets with the empty shelves, trying to buy food, toilet paper and whatever else is left. They are trying to convince us that we are in mortal danger from Corona Virus despite the obviously manipulated numbers. People returning from overseas and very unwell (since recovered) have been refused requests (even by their doctors) to be tested for the virus. It is patently obvious that this is the black swan and the excuse used to blame the Greatest Depression as Gerald Celeste has been warning the world about for months. God bless you Gerald and may God truly bless the millions, if not billions who will probably perish before this is over

  7. Eblaney 2 weeks ago

    Hey Gerald,
    Can you please provide SOME indication of what you think will be the outcome for economies over the next six/twelve months and not just your opinions on why/how this crises has come about or who is responsible.

    The world’s economies are where they are now.

    I want your opinion on where they might go, not on why…

    • ryan.nebeker 1 week ago

      The Greatest Depression Sir as he mentions time & time again. People starving and the whole thing crashing…..obv

  8. Tony v 2 weeks ago

    Thanks Gerald

  9. cocoablini 2 weeks ago

    As Gerald says, what the hell are people supposed to do to make ends meet. Does anyone think your mortgage, car payment, school loans, groceries and utilities are going to be helped by a one time $1000 to last for 3 $%%# months or MORE??? If people are into basic income, then it’s $1000 PER PERSON/MONTH. Are the banks going to let you off the hook for those loans? HELL NO!
    The FED and Treasury have been running trillions off the presses to save hedge funds, banks, corporations like Boeing which blew all their zero interest loans doing stock buybacks…all that money vaporized. SO if I say 38,000,000,000 a $1000shot in bailout money dedicated to bail out every family in the US, that is cheap! I mean we blew 4 bill a month ins the middle east-10s trillions of dollars in repo,QE,Plunge protection team, TARP,TAFF, POOP for Wall Street crooks.

  10. Philip Zyrski 2 weeks ago

    I’ve been telling many of my friends, co-employees, some neighbors perhaps. But I was warning all of these people that this hyper-reaction to this virus will provoke the Greatest Depression to be present in our everyday lives. Now that it is here, we all have to do anything it takes to change our spending and borrowing habits before we all are out for the count.

  11. Matt M 2 weeks ago

    Better spend that helicopter money quickly before it inflates to nothing.

  12. Falk 2 weeks ago

    I agree with the world economy being in a dire state and centrals banks and reckless leaders having brought us to this point, but I don’t think the Covid-19 outbreak can be handled any other way except sending everyone home. Letting it run unchecked would simply overwhelm health care services of any country even at a low mortality rate. That’s what happened in Italy, in China they even built new hospitals to cope. These infections spread exponentially – they start slowly, but gain momentum quickly. There might also be a case that this worldwide outbreak could have been prevented had the Chinese government reacted earlier.
    Disasters like Covid-19 happen, but this one gets amplified by decades of economic mismanagement that have come before and have been well documented in the Trends Journal.

  13. Saul Marcus 2 weeks ago

    I’m a Naturopthic doctor in the United States. I shouldn’t be, but am shocked to see the natural health field jump on to the hysteria bandwagon along with everyone else.

    Naturopathic publications sending me links to experts who go off about how dangerous this thing in because of some technobabble mechanism of action, then a few minutes later say “our understanding of this is just in its infancy.”

    Well, my business as a naturopathic doctor is for the time being – gone. And once this hysteria settles down, who knows how long it’ll take to get things back to where they were. People are telling to restructure things and do “tele-medicine.” Um… some things don’t work that way. I do a lot of hands on work.

    And what do we know about this “pandemic”
    Is the testing accurate?
    Is it really the cause of death in the 112 deaths in US?

    Shouldn’t it be obvious to this politicians that the financial Armageddon that have brought down on us will kill many, many more times people?

    This is just about the only place I can find rational people.

  14. Brendan Sullivan 2 weeks ago

    Funny the mayor of Boston said Monday that all the construction in the city is suspended, then the next day said “essential” projects could continue. I think he had a visit from one of his envelope delivery people.
    I and most other self employed people are still working and a lot of our customers do not believe this corona scare is real. Although I have received comments from friends who up until now I thought were clear thinking, telling me to stay home and obey.
    I have a family to support and will continue to work until the national guard close the roads. I think that may be a possibility since there are a lot of cops everywhere now.
    You know what is weird, I don’t know anyone that knows of someone with the virus. I live south of Boston and everyone knows if you go for a walk in the woods, afterwards check for tics. Everyone knows someone or a few people with Lyme disease which is a cornucopia of the worst ailments for life. Corona will come and go.
    So there has to be a reason to get people off the streets, either the government is planting stuff or moving things in or out.
    Thank you Gerald for being a voice of reason

  15. Craig Bradley 2 weeks ago

    FINANCIAL SYSTEM HAVING A “HEART ATTACK” ??

    Talk about an exploding coil, or shall I call it a Imploding cycle? Last August, one upper molar was extracted and a titanium implant installed into the bone. Seems a rare occurrence : The molar ( 6- year old molar ) just died or was being “absorbed”. Odd.

    Now odd market behavior is being “painfully” experienced. I noticed high volatility in treasury bonds, with the10-year Treasury moving fast from .5% to 1.4% in only 5 hours. This Treasury volatility is rare, as well. My perception is the volatility in Treasuries is influencing other investment classes and stocks. An unstable core of the financial system is
    now spilling-over into the rest of the stock and bond markets around the world. Our banking and financial system is in “convulsions”. Remember, one of the co-indicators of a heart event is when the digestive system suddenly convulses ( you vomit). It can become a medical emergency and require a trip to the M.D. or hospital ER ( then ICU). It happens.

  16. Craig Bradley 2 weeks ago

    COMPRESSED ECONOMIC, FINANCIAL AND MARKET CYCLES AT ONCE ?

    AGG Bond ETF is not going down near as much as ‘Investment Grade’ Corporate Bond ETF’s in this cycle, as of yesterday. The current “hiding” places with the least risk and volatility in this market cycle are principally Treasury Money Markets ( 47-day average duration) and cash in the bank, of course. TLT has been a good trade but its advantages are now being gradually reduced each day the NAV drops as money is moving to short term Treasury debt or cash. All govt. and Corporate bonds are experiencing equity-like volatility in this market and economic cycle.

    Recently, even gold has been an asset of last resort to sold to raise cash, as have Corporate Investment Grade Bonds. However, gold may rocket-up later in the cycle, as it did in 2008-2011, along with inflation. In this FED interest rate cycle, no asset class has benefited from an interest rate cut, as fear and default risks remain the main investor concern.

    Only cash and cash equivalents or cash surrogates have been spared the knife. As other assets ( all classes ) continue to suffer capital losses and now, unemployment benefit claims are already beginning to rise. Later-on in this cycle, inflation will increase but from low levels, as will commodities including oil (energy). Things are moving fast. If FED stimulus actions and Fiscal responses ( spending and bail-outs) fail to stem the tide, then we may be talking about a DEPRESSION NEXT YEAR, not just a recession.

    If so, stocks may not regain their former highs for years to come. I expect the FED to bring-out Mario Draggi’s “Bazooka” ( Amend the FED Reserve Act to permit buying stock indexes, ETF’s, Corporate Bonds, and Municipal Bonds, as well). Such a policy change may shore-up the major Institutional buyers of bonds of all kinds: Public Employee Pension Funds. Otherwise, these pension funds, already weakened and underfunded, may eventually fail and require a dedicated Federal bailout of their own at far higher taxpayer costs. It could go either way, depending on politics and the markets.

  17. Craig Bradley 2 weeks ago

    FED LOWERS BANK CASH RESERVE REQUIREMENT TO ZERO

    https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315b.htm

    We are living in Odd Times indeed and also as far as the current global financial system construct, “borrowed” time, as well. Drastic changes are coming down the pike.

    In addition, many local small businesses won’t accept cash due to the corona virus pandemic. Moreover, in California, most smaller stores only allow two people to enter the premise at any given time (social distancing). We are frightened and have decided to obey Caesar unconditionally. We just gave-up our Liberties without objections and without any real benefit. We threw our Constitution and Bill of Rights Away as if it were a gym towel.

    What happens if banks do not want to lend money regardless and if consumers and small businesses don’t want to borrow, even at zero interest rates? Its not the rates, its the collapse of public confidence in our financial system and in government everywhere, most generally. This also looks like the preconditions for a strong multi-year gold rally after this financial storm eventually passes in a year or two. It may happen when you read that unemployment numbers have already spiked up to say 6% later this year or early in 2021. Its going to be very close for President Trump to beat the yet unnamed Democrat Dream Team: Hillary Clinton and Running-Mate, Senator Mitt Romney of Utah. It may happen yet. Odd Times.

  18. thanasi_10 1 week ago

    I can’t prove what i am about to say. But its a what if.

    So all this doesn’t make sense.

    1 . Spread rate vs sars. Sars is worse.
    – how the hell did covid-19 get where it has become? Are they spreading this purposely to sell us this fear and so on.
    2. Over 80% are mild cases

    3. Sars was contained even with a spread rate of 2+.

    4. Government get control over population.

    5. We obey and think their decisions are roght.

    6 . Senators and big boys sell off stock(insider trading)

    7. Crash markets and blame it on covid 19

    8. Lay off millions due to covid-19

    9. Confuse the crap of us and so on.

    10. A beautiful scheme !

  19. joserodriguez1944 1 week ago

    Great stuff …Mr. Celente

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