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IPFS News Link • Economy - Recession-Depression

"Greatest Depression Has Already Started", Celente Warns

• https://www.zerohedge.com by Greg Hunter

Celente explains, "Never in the history of the world has the whole world, or most of the world, been shut down by politicians destroying people's lives and their businesses..."

"People are going to go bankrupt. You are going to see suicide rates increase. You are going to see crime escalate and people OD'ing on drugs because of depression...

Our leaders are totally closing down the economy. Again, this has never been done before. It's not only Wall Street going down, Main Street went down simultaneously. That is unprecedented. Usually, the markets go down and then the ripple effects start hitting Main Street. This time–boom, they are both down...

It's going to be worse than the Great Depression. It's going to be the Greatest Depression."

What's the biggest problem the economy faces? Celente says,

"The debt levels are phenomenal. We have more than $250 trillion of global debt and all the personal debt. How are you going to pay the credit card debt? How about paying the student debt, car loans and the mortgages? What about the electric bill, phone bill and people are out of work because my governor said I should stay home?"


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