Prison Planet.com The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012. Gerald Celente, the CEO ofTrends Research Institute, is renowned for his accuracy in predicting future world and economic events, which will send a chill down your spine considering what he told Fox News this week. Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts. “We’re going to see the end of the retail Christmas….we’re going to see a fundamental shift take place….putting food on the table is going to be more important that putting gifts under the Christmas tree,” said Celente, adding that the situation would be “worse than the great depression”. “America’s going to go through a transition the likes of which no one is prepared for,” said Celente, noting that people’s refusal to acknowledge that America was even in a recession highlights how big a problem denial is in being ready for the true scale of the crisis. Celente, who successfully predicted the 1997 Asian Currency Crisis, the subprime mortgage collapse and the massive devaluation of the U.S. dollar,told UPI in November last year that the following year would be known as “The Panic of 2008,” adding that “giants (would) tumble to their deaths,” which is exactly what we have witnessed with the collapse of Lehman Brothers, Bear Stearns and others. He also said that the dollar would eventually be devalued by as much as 90 per cent. The consequence of what we have seen unfold this year would lead to a lowering in living standards, Celente predicted a year ago, which is also being borne out by plummeting retail sales figures. The prospect of revolution was a concept echoed by a British Ministry of Defence report last year, which predicted that within 30 years, the growing gap between the super rich and the middle class, along with an urban underclass threatening social order would mean, “The world’s middle classes might unite, using access to knowledge, resources and skills to shape transnational processes in their own class interest,” and that, “The middle classes could become a revolutionary class.” In a separate recent interview, Celente went further on the subject of revolution in America. “There will be a revolution in this country,” he said. “It’s not going to come yet, but it’s going to come down the line and we’re going to see a third party and this was the catalyst for it: the takeover of Washington, D. C., in broad daylight by Wall Street in this bloodless coup. And it will happen as conditions continue to worsen.” “It’s going to be very bleak. Very sad. And there is going to be a lot of homeless, the likes of which we have never seen before. Tent cities are already sprouting up around the country and we’re going to see many more.” “We’re going to start seeing huge areas of vacant real estate and squatters living in them as well. It’s going to be a picture the likes of which Americans are not going to be used to. It’s going to come as a shock and with it, there’s going to be a lot of crime. And the crime is going to be a lot worse than it was before because in the last 1929 Depression, people’s minds weren’t wrecked on all these modern drugs – over-the-counter drugs, or crystal meth or whatever it might be. So, you have a huge underclass of very desperate people with their minds chemically blown beyond anybody’s comprehension.” The George Washington blog has compiled a list of quotes attesting to Celente’s accuracy as a trend forecaster. “When CNN wants to know about the Top Trends, we ask Gerald Celente.” “A network of 25 experts whose range of specialties would rival many university faculties.” “Gerald Celente has a knack for getting the zeitgeist right.” “There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.” “Those who take their predictions seriously … consider the Trends Research Institute.” “Gerald Celente is always ahead of the curve on trends and uncannily on the mark … he’s one of the most accurate forecasters around.” “Mr. Celente tracks the world’s social, economic and business trends for corporate clients.” “Mr. Celente is a very intelligent guy. We are able to learn about trends from an authority.” “Gerald Celente has a solid track record. He has predicted everything from the 1987 stock market crash and the demise of the Soviet Union to green marketing and corporate downsizing.” “Gerald Celente forecast the 1987 stock market crash, ‘green marketing,’ and the boom in gourmet coffees.” “The Trends Research Institute is the Standard and Poors of Popular Culture.” “If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.” So there you have it - hardly a nutjob conspiracy theorist blowhard now is he? The price of not heeding his warnings will be far greater than the cost of preparing for the future now. Storable food and gold are two good places to make a start. Another must read link here. Excerpt: Do you realize that Barack Obama recently said that he would not rescind the Bush tax cuts. He said this on ABC, September 7, 2008, IF the economy were in a recession. IF the economy is in RECESSION?! This is worse than a recession! We’re going into the greatest depression and people better beware. I’ll tell you what I know other people are doing. They are taking their money out of the banks. People with a lot of money are moving it overseas into what they think are safer banks. There’s going to be a day here in the United States that the authorities are going to call a Bank Holiday. AIG is calling for more than $40 billion today. The Feds just bailed out Freddie Mac and Fannie Mac to the tune that could cost taxpayers up to $300 billion or more. Our national debt has been increased to at least $12 TRILLION! The Feds cannot print enough money to save the day. So, we believe what the government is going to do is call a ‘bank holiday.’ You’re going to hear all those fat mouths out there that were saying that everything was OK, the FDIC was going to insure your money. But, Linda, no one is going to be able to get it out all at once. Just like they did in Argentina and they did it in Brazil when their economies collapsed and their currencies collapsed and their economies were sinking. You’re not going to be able to get all your money out at one time. Our government is going to say, ‘It’s insured. Don’t worry about it, but we need to pause. Take a deep breath.’ Oh, boy, do they love that phrase! ‘Take a deep breath.’ Take a look at this last Saturday’s (September 13, 2008) New York Times. The headlines story on the business page is to just pause and reflect. Don’t panic. Everything is OK. The ship is sinking and the best they can say is, ‘Doesn’t the band sound great!’ ... We’re going into the worst depression that any living person has ever seen. It’s going to be worse than the Great Depression of 1929 and I’ll give you a some reasons why. 1) In the 1929 Depression, not many people owned homes, so they weren’t carrying that heavy mortgage load. The people who did have homes did not have something called ‘home equity loans,’ which is more money owed on top of the other money. They used to have something else back then called a ‘second mortgage.’ If you had one, you were a loser. 2) Back in the 1929 Depression days, people didn’t have things called ‘credit cards.’ 3) The United States didn’t have $14 trillion worth of debt. 4) We still had a manufacturing base in the United States so that when WWII broke out and the economy improved afterwards, we were still able to produce more so than any other country in the world. But now, the U. S. off-shores so much manufacturing now. 5) Back in the Great Depression of 1929, the U. S. government was not $14 trillion in debt and they had a trade surplus, not a trade deficit. 6) We weren’t fighting two wars that have sapped already $2 trillion from our American treasury and it’s getting worse.
Thursday, November 13, 2008
“The first thing to do is organize with tax revolts. That’s going to be the big one because people can’t afford to pay more school tax, property tax, any kind of tax. You’re going to start seeing those kinds of protests start to develop.”
— CNN Headline News
— The Economist
— USA Today
- CNBC
— The Wall Street Journal
— The Atlanta Journal-Constitution
— The New York Times
— 48 Hours, CBS News
— The Detroit News
— Chicago Tribune
— The Los Angeles Times
— New York Post
Chaos or a New World Economic Order?
Interest Rates [Credit] are the Cause and Consequence of the Explosion of Income/Wealth Disparities and, Hence, of the Inherent Instability of this Economy:
The Ominous Keynes' Liquidity Trap.
Origin of Economic Chaos.
As Far as we Know, As of Today No Other Economist Has Even Touched on The Link Between Income Distribution and the Interest-Rates / Liquidity Trap.
None of the Traditional Tools of Governments Will Work: The Helpless Leaders of The G20 Countries Are Pathetic, Aren't They?
DIE ZEIT: Can the right monetary and fiscal policy keep the US out of a recession?
Alan Greenspan:
"Probably not. Global forces can now override most anything that monetary and fiscal policy can do.
Long-term real interest rates have significantly more impact on the core of economic activity than the individual actions of nations.
Central banks have increasingly lost their capacity to influence the longer end of the market.
Two to three decades, ago central banks were dominant throughout the maturity schedule.
Thus, the more important question is the direction of long-term real interest rates."
Chairman Sir Alan "El Maestro" Greenspan
The Great Irony of Success
© ZEIT online, 30.1.2008
Chart of Long-Term Interest Rates
When Long-Term Interest Rates Ar So Low As Not to Reward the Risk People Stop to Invest. Wouldn't You? Who Can Coerce Them into Losing Money?
Because It Is Through Investments That Money Is Created.
The Blood of the Economy Stops to Flow,
It is the Ominous Keynes' Liquidity Trap, The Root of Economic Chaos.
The Crash Will Be Brutal, With NO Prior Warning... You Need to Be Prepared.
1 7 7 6 - Annuit Cœptis Can't Avoid the Crash
it Can Shield You From Its Consequences
Everyone Need an Economy, Don't You?
There Is One Solution That Works:
A Credit Free, Free Market Economy:
What Else?... What Is Exactly the Other Option?
No One Will Chose the Chaos, Will You?
The Only Goal of 1 7 7 6 - Annuit Cœptis is to Implement It.
Anyone Can Join But Still Needs to Be Prepared. Shouldn't You?
http://www.17-76.net/
The Purpose Is to Provide Both a New Deal and a New Game.
It is NOT to Fix This Economy Which is Already Beyond Repair.
The Intention Is to Create a New Economy
With the Assets of the Old One Without its Liabilities.
1 7 7 6 - Annuit Cœptis Will Jump Start Its Economy When:
It Declares the State of Systemic Economic Collapse (Market Crash)
AND
The Number of Its Registered Participants Reaches 100,000,000
Why Not Insure Against the Worst Case Scenario?
It Is the Age of Turbulence: Adventures in a New World Economic Order.
✔ Introduction
✔ Numbered Account
✔ A Credit Free Currency
✔ Assets Transfer
✔ A Specific Practice of Employment, Interest and Money
Posted by: Adam Smith | November 16, 2008 at 12:32 PM
It sounds like the end. When are the banks going to collapse? He says we should save. But where to put the money. If there are no banks open then the alternatives are almost as risky. That's scary.
Posted by: clayton | February 04, 2010 at 12:46 PM