Friday, October 30, 2009

Celente: They're printing paper money backed by nothing



Director of the Trends Research Institute Gerald Celente believes the unexpected annual US GDP growth of 3.5 percent over the last three months isn't proof of a long-term recovery. The GDP rise is a result of the trillions of dollars between the Bush administrations top program and President Obamas $787 billion stimulus package temporarily juicing the economy, he said. They are printing paper money backed by nothing.

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