KINGSTON, NY -After reading the newly-released SummerTrends Journal, no responsible journalist will be able, in good conscience, to paint Gerald Celente again as a purveyor of “Pessimism Porn,” a “gloom and doomer,” or an “alarmist.”

Celente will continue to make clear that “Happy Days” will not soon be here again. He will continue to explain that, budget deal notwithstanding, no future Fed quick fixes or DC schemes can reverse the “Greatest Depression”-bound economy. No bipartisan miracle will eliminate the budget or trade deficit, restore the dollar to its former glory, or bring back jobs lost to China, India, Mexico, etc.

Europe’s financial crisis is equally critical. And the EU, IMF and ECB rescue policies will prove as ineffective as America’s. Those warnings are not “alarmism” or “pessimism” ­ they are just a matter of drawing logical conclusions from hard facts and incontrovertible data.

Nevertheless, even with a major economic collapse ahead of us, Celente is convinced there is a basis for expecting positive global outcomes in the long-term. The potential “Game Changer” lies in a widespread recognition that the Industrial Revolution mindset and policies will not, and cannot, work in a 21st century world.