US corporate model causing depression

US corporate model causing depression



A recent poll revealed that almost half of the US thinks another great depression is on the horizon. Why are Americans expecting another economic disaster? Political columnist Harold Meyerson gives his take on how to keep America afloat.

Economic collapse leads to America's new Great Depression

Economic collapse leads to America's new Great Depression



In America today, the growing divide among the people isn't pitting Democrats against Republicans. Instead the gap seems to separate the haves from the have-nots. George Hemminger of Survive and Thrive TV says that the have-nots aren't providing enough income to their "masters," and as the rich get richer and the poor get poorer in what he calls America's second Great Depression, Hemminger believes it is only a matter of time before the proletariat storms DC with pitchforks and demands justice.

Gerald Celente: US Economy = Depression

Gerald Celente: US Economy = Depression


Famous investor and billionaire George Soros referred to the US economy as "blah," saying he expects a further slowdown. US President Barack Obama has insisted however that the US economy is heading in the right direction. Gerald Celente, the director of the Trends Research Institute said the economy is not just blah, it's in a depression. It's the summer of the greatest recession," he said.