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Bailouts Postponed, But Can't Prevent the "Greatest Depression," Gerald Celente Says http://finance.yahoo.com/tech-ticker/bailouts-postponed-but-can%27t-prevent-the-%22greatest-depression%22-gerald-celente-says-535804.html;_ylt=AgYnYKnfr8ADjzlA1FOPf.27YWsA;_ylu=X3oDMTE2ZDlwbGUzBHBvcwMxMQRzZWMDdG9wU3RvcmllcwRzbGsDYmFpbG91dHNwb3N0?tickers=%5EDJI,%5EDJI,TBT,TLT,GLD,F,GM&sec=topStories&pos=8&asset=&ccode= Celente argues his dire predictions would have come to fruition if it had not been for an unprecedented set of bailouts that continue today. Most shocking to Celente was the disclosure, in late 2010, that the Federal Reserve lent hundreds of billions to foreign banks to bail them out during the height of the crisis in 2008 and 2009. "Absent those kind of schemes, if capitalism take it's course, at some remote level it used to be, we see the crash," he says. Here's how he puts it in his Top Trends of 2011 release: "In 2011, with the bailout funds and arsenal of other schemes to prop up the economy depleted, teetering economies will collapse, currency wars will ensue, trade barriers will be erected, economic unions will splinter, and the onset of the 'Greatest Depression' (a trend we forecasted before the massive bailouts existed) will be recognized by everyone…" The only way to avoid the coming disaster is do what we did coming out of the Great Depression - start manufacturing quality goods the world wants. "You can't print your way out of this," he argues.

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