Art Bell and guest talking about massive recession coming

[Elwood P Dowd]

He has this guy Gerald Celente on tonight. They're talking about
Bushit keeping the economy going until the election, and then
boom, the bottom falls out.

Other notes; The top of the income chain is making out like bandits,
while the rest of us get clobbered. He talks about the coming "Great
Recession". Recommends people invest in gold since the dollar will
continue to fall. There are no WsMD in Iraq. The middle class is slowly
going away. He called the corporate world's corruption a worldwide
cancer. Our government is ruled totally by the rich and is no longer
a democracy or republic.

I don't usually listen to Art, but tonight he had an interesting show. He wasn't totally comfortable with what his guest said at times, but he never mounted much of a challange.

[ProdigalJunkMail]

1. well, I guess I'll sink more money in dollars, then as

anything predicted to come true on C2C-AM is SURE not to. Just good entertainment, not a news source or anything to bet on.

TheProdigal

[Elwood P Dowd]

2. I don't listen to Art Bell much

but I've never heard him have a show like tonight.

My mother purchased some gold when Bushit was elected. It's
made her more money than her CDs.

[Cannikin]

15. Kind of like Rush Limbaugh....

Mostly light entertainment with the occasional fact thrown in.

[OHdem10]

3. On some business type show on TV(Credibler shows--MSNBC CNN

In the last couple of months every now and then you hear reference to a double dip recession , the second dip supposed to be very serious.
Sometimes you ger the feeling they holing their breath in hopes it is not soon. Others have commented the next 5 years can be "rough"
Since the recent chorus of "good new" I have not heard this as much.

[greyl]

4. "keeping the economy going until the election"?

Keeping the economy going? Keeping the economy going? Keeping the economy going? Keeping the economy going?

He actually said: "Keeping the economy going"?

Going where? Romantic trips to The Moon & Mars? To weapons?


(Yes, I read and comprehended everything after "Other notes;"
:)

[sendero]

7. "Keeping the economy going"

Is exactly what the Federal Reserve has been doing for 2+ years by keeping the discount rate in the 1% area.

This kind of long-term flooding of the economy with money has a price and it will be paid.

[IrateCitizen]

20. Not to mention the defense-spending bounce

Which is another bill that will come due in the very near term.

[izzie]

5. I think something is up.

The spending Bush is doing is really odd for that party. Is it keeping us going or keeping the people voting for him? Even Dem knew their was no free lunch and if they wished every one to have a free lunch the money would have to come from someplace. Bush seems to run the place like he and his brother's have lived. Some one will ride in on a white horse and save us with a bag of money.Right now a lot of people I know are saving them selfs by getting new Morg.with a little extra to spend. Sounds like the country.

[patricia92243]

6. I'm afraid that someone WILL come in on a white horse and rescue us-China!

[sendero]

8. As far as I'm concerned....

... our foreign investors are the only thing that can save our economy. Perhaps extrapolating their fate should we slip into depression will prompt them to continue to buy our paper.

Otherwise, bumpy road ahead....

[opihimoimoi]

9. Reagan lowed taxes just like Bush and a huge recession followed

History will repeat

[auburnblu]

25. Reagan lowered taxes and a recession???

What years did that happen? Things were weak at first under Reagan, but the economy was pretty strong from what 83-91.

[Skittles]

26. it was borrowed money, all smoke and mirrors

it crashed bigtime

[auburnblu]

27. But it wasn't a recession

I hate when people throw things out on this forum that are not true facts. I'll admit on an Art Bell thread, my wanting the posting of true facts may not be the best idea.

[wolfgirl]

10. GOP Spending

What is happening is a plan by the neo-con GOP.
Spend the country into such a deficit that cut/slash of programs is the only cure. Of course, the programs slashed will be those that are have roots in extending back to FDR and did the greater good to those of us in need (or even in more need).

It's a plan that they are brilliantly executing. All the so-called tax cuts are income tax cuts that help only the wealthy (truly wealthy). That forces the states to raise taxes on property, sales, etc. and leaves us to pay, and pay, and pay and pay.

I make a good living, but I've realized that I'm going to have to continue working for another 10 years at least 'cause I won't be able to afford the medical insurance if I retire.

People need to be paying attention and VOTING or you can just kiss it all goodbye, 'cause the neo-cons are relentless and will take away our country...they already have a near strangle hold and are squeezing it ever tighter!

[midnight armadillo]

18. You got it

It's a plan that they are brilliantly executing. All the so-called tax cuts are income tax cuts that help only the wealthy (truly wealthy). That forces the states to raise taxes on property, sales, etc. and leaves us to pay, and pay, and pay and pay.

This will only be enforced by a massive recession. During the Great Depression the top dogs still made out like bandits. I think Michael Moore was the one who noted that there's never any recession for the top few percent.

The coming increase in interest rates to hold onto some foreign capital inflows and reduce inflation will be necessary to improve lending profits for the richest as well, even as this wipes out the housing market bubble. Negative equity is a bad, bad thing.

[onecitizen]

13. Me too izzie........

I think they know exactly what they are doing. There's a plan for sure. I've felt for a long time they want to bankrupt the country ending all entitlement programs.

[ArkDem]

11. Was the guest an earthling?

.

[freespeechhere]

12. The Coming Economic Collapse Of 2006

There's a guy who has written a book about this:

http://www.michaelmandeville.com/collapse2006/index.htm

So far, he says his predictions are right on the money.

Description:

Some say it has already begun… are you ready?

Are you ready to ride out the massive economic, political, and media power grabs by small elite empire builders who are destroying the incomes of labor and the middle class? Can you handle the rolling economic failures which are already drowning nations around the globe in deeper and deeper waves? Are you ready for the collapse of the value of the dollar and a huge increase in the price of all imports, including oil? Do you know what to do about the massive corruption and destruction of the U.S. government by greedy corporations? Are you prepared for the the gathering political storms which will wrack political parties, legislatures, and elections in the U.S. and around the world with polarization, fractionalization, controversies, and even violence over the Big Lies told by George Bush & his crooked cronies?

[dusty64]

14. Sounds pretty much

like what I've been thinking. The Pravda press has received their marching orders, positive economic news only, scrubbed and bogus stats, downplay negatives. I think things will suddenly get nasty after Election Day.

[NNN0LHI]

16. Art Bell you say? Thats good enough for me

I am getting back in the market pronto. Thanks for the tip.

Don

[MissMarple]

17. Hi, Elwood! How's Harvey?

:bounce:

On a more serious note, that is exactly the message that needs to be made clear. The middle class is shrinking, the poor are worse off and increasing, and the gap between the VERY rich and everyone else is obscene as well as increasing every day. The very rich are not defined by a salary, nor are they dependent on employment to pay the mortgage or send the children to college.

Good post.

[Indiana Democrat]

19. Time to INVEST!!

Art Bell was running a Y2K ponzi scheme selling all kinds of kook crap...Gold, Survival huts, 10 years supply of food, hand-crank radios, etc, etc...

It made him rich as hell.

Then when he's asked about all his chicken little crap on NBC a few days after Y2K he said: "I wasn't fear mongering, I was just promoting Y2K insurance. Do you get upset at your insurance agent when your house DOESN'T burn down?"

Art Bell is entertaining when it comes to spooks and little green men, but he's a shamelss profiteering piece of shit hukster.

[Missy Vixen]

22. Gosh, let's buy some gold, too

>Then when he's asked about all his chicken little crap on NBC a few days after Y2K he said: "I wasn't fear mongering, I was just promoting Y2K insurance. Do you get upset at your insurance agent when your house DOESN'T burn down?"<

Maybe we'll get another Art Bell "retirement".

I wondered if it got so hot for his syndicators after the Y2K non-event that Art was encouraged to "retire" till the furor died down a bit. I can't even imagine how mad some of the Coast to Coast faithful were to discover that they'd been had.

Julie

[Indiana Democrat]

23. I was listening to Art a lot back then...

...sue me. ;) I like a good ghost, conspiracy or ufo story. I don't believe any of them, but I do enjoy them.

He as WAAAAAAAAAAAAAAAY overboard with his fear-mongering. "Insurance" my ass.

[Missy Vixen]

21. And Art Bell says "Tut-tut, it can't be that bad"

>I don't usually listen to Art, but tonight he had an interesting show. He wasn't totally comfortable with what his guest said at times, but he never mounted much of a challange.<

I disagree that Bell was not mounting a challenge. He was getting increasingly nervous at Celente's comments, even going so far as to insist that there "must be some positive news in here somewhere" several times. When his guest said no, there wasn't, Bell was pressing him on his political affiliation. He then quizzed Mr. Celente on "entertainment trends".

It seems that Mr. Bell doesn't want to hear bad news unless he will profit from it, hm?

I was also wondering if the reason why the bottom drops out of the economy after the election was because of Mr. Celente's insistence that Bush wins. It would seem that if that were the case, the investigations that are bubbling near the surface would start in earnest.

Just wondering.

Julie

[Cannikin]

24. I dont think its a question of profit for Art....he's more skepticle

than he was before his (most recent) retirement. Art has heard lots of predictions, and conspiracies. He doesnt believe any of the 'arkancide' stories either.

[Algorem]

28. fArt smBell does have a non-bullshitartist on sometimes.