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Overall, mainstream economists predict continued recovery from crisis conditions beginning in late 2007. In fact, heading into it, they forecast continued good times.
According former market analyst Bob Farrell :
"When all the experts and forecasts agree - something else is going to happen."
In other words, when mainstream consensus forecasts one way, expect another.
On December 22, on the Finance News Network , investor/author/analyst Jim Rogers sees current problems worsening because of too much spending and debt.
Asked to elaborate on what matters most, he said "too much debt" is problem one because the Fed "keeps printing money." It spells trouble because it won't stop until "systemic collapse.""It's going to be very, very serious pain. You're going to see riots in the street. You're going to see serious, serious problems, maybe perhaps (more) war...."
No matter who leads America, he added, he has "absolutely no confidence at all that anything's going to be done...."
In 2012, Gerald Celente predicts:
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