Celente: This Will Usher In A Massive Financial Collapse in 2013

While I agree with Celente that the US Treasury bond market will collapse, I am not so sure of his prediction that the bubble will burst in 2013.  After all, Japan's bond bubble should have collapsed 20 years ago, but they've ginning up the money printing press, and thus able to extend and pretend the inflation of the bond bubble over these years.  Granted, Japan has several advantages the US doesn't have (a homogenous population, a trade surplus--although today--like the US, they also have a current account deficit, and a patriotic citizenry willing to buy increasingly worthless Japanese government bonds).  However, they also have bigger disadvantages--namely, an aging demographic of dis-savers, which means future entitlements are not only at-risk, but unsustainable.

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