Barack Obama has assured Americans that he will not accept an economic second place for the US in his State of the Union address on Thursday.
He mentioned China and Germany as possible first place rivals, but trend forecaster Gerald Celente says there is no comparison with these countries and the whole address was just a farce:
“How could you compare with what China’s doing. It has 2.5 trillion dollars in reserves, and they could afford to boost their economy. They are the number one exporter in the world. Germany? Oh, yes, try number two exporter. Where’s the United States? Oh only 12 trillion dollars in debt…”
Celente said Obama is no different from George W. Bush or Bill Clinton in staging his “political theatre” and exercising “the second oldest profession” – politics.