Here's Gerald Celente's take:
This week, Mr Celente will be in Dublin giving a talk in the Gibson Hotel and ahead of his visit he shared some interesting thoughts on what lies ahead in 2013 and beyond.
"Ireland is heading the same way as the rest of Europe -- down. Why would it get any better when you are imposing austerity, cutting pensions, raising taxes and making people work till they are dead? Ireland had its option to walk away from the EU -- but didn't. The people voted in the austerity coalition government -- are they into sadomasochism? Sadly people often get what they deserve."
As for giving Europe more centralised power to solve the economic quagmire, he is doubtful. "They say give us more power and we will fix it. They don't know how to fix it."
Although the EU is now effectively running Ireland, Mr Celente predicts that it will soon disintegrate.
"The EU is not helping Ireland from the bottom of their heart but the bottom of their wallet. The golden rule is 'those who have the gold -- rule.' I had given the Irish more credit than to turn their freedom over to Brussels. The best thing Ireland could do is to get out and regain your independence and culture."
I just hope that the EU, which Mike Gorbachev once described as the "New European Soviet," would break apart---for good.
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