Author Topic: Another Scary Economic Prediction  (Read 4338 times)

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Offline Jamesdster

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Another Scary Economic Prediction
« on: November 16, 2008, 12:36:33 PM »
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 of Trends 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."

"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."

"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 anybod

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."
— CNN Headline News

"A network of 25 experts whose range of specialties would rival many university faculties."
— The Economist

"Gerald Celente has a knack for getting the zeitgeist right."
— USA Today

"There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about."
- CNBC

"Those who take their predictions seriously ... consider the Trends Research Institute."
— The Wall Street Journal

"Gerald Celente is always ahead of the curve on trends and uncannily on the mark ... he's one of the most accurate forecasters around."
— The Atlanta Journal-Constitution

"Mr. Celente tracks the world’s social, economic and business trends for corporate clients."
— The New York Times

"Mr. Celente is a very intelligent guy. We are able to learn about trends from an authority."
— 48 Hours, CBS News

"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."
— The Detroit News

"Gerald Celente forecast the 1987 stock market crash, ‘green marketing,’ and the boom in gourmet coffees."
— Chicago Tribune

"The Trends Research Institute is the Standard and Poors of Popular Culture."
— The Los Angeles Times

"If Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente."
— New York Post

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.


http://www.msnbc.msn.com/id/21449596/
« Last Edit: November 16, 2008, 12:37:09 PM by Jamesdster »
I was at this casino minding my own business, and this guy came up to me and said, "You're gonna have to move, you're blocking a fire exit." As though if there was a fire, I wasn't gonna run. If you're flammible and have legs, you are never blocking a fire exit.  - Mitch Hedberg

Offline Tennis4you

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Re: Another Scary Economic Prediction
« Reply #1 on: November 16, 2008, 12:39:53 PM »
God help us all.
Good Luck on the Court!!!
Scott Baker
http://www.tennis4you.com

Offline Swish

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Re: Another Scary Economic Prediction
« Reply #2 on: November 16, 2008, 02:00:51 PM »
This might be the time to buy gold. Or other metals as a offset to the degrading dollar.
I'll be checking the price of gold as an indicator.
Interesting article.


Offline pawan89

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Re: Another Scary Economic Prediction
« Reply #3 on: November 16, 2008, 04:17:02 PM »
I am loading up on my granola bars now.


Offline monstertruck

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Re: Another Scary Economic Prediction
« Reply #4 on: November 16, 2008, 07:22:23 PM »

 :rofl_2:
Any of you who have read my posts in the political threads know that I have already
started my own personal tax revolt.

Am in the process of converting hard assets into personal defense items prior to Dem takeover of executive and legislative branches.

This may maybe news to some of you, but it's been coming down the pipe for quite awhile.

I'm quite surprised both Herc and Shankar didn't predict this.... :rofl_2: :rofl_2:
CONK da ball!!!

Offline monstertruck

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Re: Another Scary Economic Prediction
« Reply #5 on: November 16, 2008, 07:24:37 PM »
I am loading up on my granola bars now.
Actually, water purification is of the utmost importance. ;-()
CONK da ball!!!

Online Babblelot

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Re: Another Scary Economic Prediction
« Reply #6 on: November 16, 2008, 07:43:01 PM »

 :rofl_2:
Any of you who have read my posts in the political threads know that I have already
started my own personal tax revolt.

Am in the process of converting hard assets into personal defense items prior to Dem takeover of executive and legislative branches.

This may maybe news to some of you, but it's been coming down the pipe for quite awhile.

I'm quite surprised both Herc and Shankar didn't predict this.... :rofl_2: :rofl_2:

Goddmamn, that right there is funny  :rofl_2: :lmao!:

I was out with my friends in the restaurant industry; business is down 30%.
1995 USO, 1997 USO, 2004 USO, 2005 RG, 2005 USO, 2006 RG, 2006 USO, 2007 USO, 2008 RG, 2008 USO, 2009 USO, 2010 USO, 2011 USO, 2012 USOhttp://www.gifsoup.com/view4/1856936/2005safin-o.gif
http://www.gifsoup.com/view1/1857331/2004gaudio-o.gif

Offline monstertruck

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Re: Another Scary Economic Prediction
« Reply #7 on: November 16, 2008, 08:29:49 PM »

 :rofl_2:
Any of you who have read my posts in the political threads know that I have already
started my own personal tax revolt.

Am in the process of converting hard assets into personal defense items prior to Dem takeover of executive and legislative branches.

This may maybe news to some of you, but it's been coming down the pipe for quite awhile.

I'm quite surprised both Herc and Shankar didn't predict this.... :rofl_2: :rofl_2:

Goddmamn, that right there is funny  :rofl_2: :lmao!:

I was out with my friends in the restaurant industry; business is down 30%.
In another few months the restaraunt owners will be wishing biz was down only 30%!
CONK da ball!!!

Offline dmastous

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Re: Another Scary Economic Prediction
« Reply #8 on: November 16, 2008, 08:42:12 PM »

 :rofl_2:
Any of you who have read my posts in the political threads know that I have already
started my own personal tax revolt.

Am in the process of converting hard assets into personal defense items prior to Dem takeover of executive and legislative branches.

This may maybe news to some of you, but it's been coming down the pipe for quite awhile.

I'm quite surprised both Herc and Shankar didn't predict this.... :rofl_2: :rofl_2:

Goddmamn, that right there is funny  :rofl_2: :lmao!:

I was out with my friends in the restaurant industry; business is down 30%.
In another few months the restaraunt owners will be wishing biz was down only 30%!

Next year, after Christmas. There is normally a slow down in Jan/Feb anyway. It could get pretty bad.

Is a tree as a rocking horse
An ambition fulfilled
And is the sawdust jealous?
I worry about these things .

Kevin Godley & Lol Crème (I Pity Inanimate Objects)

Offline monstertruck

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Re: Another Scary Economic Prediction
« Reply #9 on: November 16, 2008, 08:56:24 PM »

 :rofl_2:
Any of you who have read my posts in the political threads know that I have already
started my own personal tax revolt.

Am in the process of converting hard assets into personal defense items prior to Dem takeover of executive and legislative branches.

This may maybe news to some of you, but it's been coming down the pipe for quite awhile.

I'm quite surprised both Herc and Shankar didn't predict this.... :rofl_2: :rofl_2:

Goddmamn, that right there is funny  :rofl_2: :lmao!:

I was out with my friends in the restaurant industry; business is down 30%.
In another few months the restaraunt owners will be wishing biz was down only 30%!

Next year, after Christmas. There is normally a slow down in Jan/Feb anyway. It could get pretty bad.
It will be interesting to see how it plays out globally....
CONK da ball!!!

Offline alchemist

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Re: Another Scary Economic Prediction
« Reply #10 on: November 16, 2008, 09:50:25 PM »

 :rofl_2:
Any of you who have read my posts in the political threads know that I have already
started my own personal tax revolt.

Am in the process of converting hard assets into personal defense items prior to Dem takeover of executive and legislative branches.

This may maybe news to some of you, but it's been coming down the pipe for quite awhile.

I'm quite surprised both Herc and Shankar didn't predict this.... :rofl_2: :rofl_2:


Goddmamn, that right there is funny  :rofl_2: :lmao!:

I was out with my friends in the restaurant industry; business is down 30%.
In another few months the restaraunt owners will be wishing biz was down only 30%!


Next year, after Christmas. There is normally a slow down in Jan/Feb anyway. It could get pretty bad.
It will be interesting to see how it plays out globally....


Here's a recent BBC article about the conditions in the Eurozone.  Looks like Germany and Italy have gone into recession but France has managed to escape if the figures reported are correct.   

http://news.bbc.co.uk/2/hi/business/7728649.stm
"We've been stuck in a locker room for nine hours a day and he's been chilling out, maybe taking the double decker bus tour of London."

Offline OSU Buckeye

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Re: Another Scary Economic Prediction
« Reply #11 on: November 16, 2008, 10:16:14 PM »
Thanks Jster!   ..-)    I was on cloud nine after our big tennis win and then I come in here and am totally depressed!   :(

Offline dmastous

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Re: Another Scary Economic Prediction
« Reply #12 on: November 16, 2008, 11:03:04 PM »

 :rofl_2:
Any of you who have read my posts in the political threads know that I have already
started my own personal tax revolt.

Am in the process of converting hard assets into personal defense items prior to Dem takeover of executive and legislative branches.

This may maybe news to some of you, but it's been coming down the pipe for quite awhile.

I'm quite surprised both Herc and Shankar didn't predict this.... :rofl_2: :rofl_2:


Goddmamn, that right there is funny  :rofl_2: :lmao!:

I was out with my friends in the restaurant industry; business is down 30%.
In another few months the restaraunt owners will be wishing biz was down only 30%!


Next year, after Christmas. There is normally a slow down in Jan/Feb anyway. It could get pretty bad.
It will be interesting to see how it plays out globally....


Here's a recent BBC article about the conditions in the Eurozone.  Looks like Germany and Italy have gone into recession but France has managed to escape if the figures reported are correct.   

http://news.bbc.co.uk/2/hi/business/7728649.stm


France has been in recession the last few years. 

Is a tree as a rocking horse
An ambition fulfilled
And is the sawdust jealous?
I worry about these things .

Kevin Godley & Lol Crème (I Pity Inanimate Objects)

Offline pawan89

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Re: Another Scary Economic Prediction
« Reply #13 on: November 17, 2008, 12:52:44 AM »
The world is supposed to come to an end in 2012. I have watched a history channel documentary saying that numerous sources from the past (nostradamus, the mayan calender, some old chinese stuff and other known predictors including a web-bot which is a computer based program that predicts the future and predicted certain things with great accuracy since 2000) that have accurately predicted from time to time things like the world wars, 9/11 etc etc and they all seem to point to the fact that the world is going to end, even as specifically as Dec 21 2012.
Causes of ending are of course left open but of the few that have been considered are:

1) War
2) Famine/ Natural disasters
3) Asteroid
4) Change in the earth's magnetic poles (this I can confirm to, it happens every now and doesn't exactly harm the earth except that when its polarized opposite to how it is now, in the transition, the whole earth is open to widespread radiation and plain bombardment of harmful stuff for humans from the sun)

and my personal belief
5) Aliens.


Offline monstertruck

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Re: Another Scary Economic Prediction
« Reply #14 on: November 17, 2008, 04:58:32 AM »
The world is supposed to come to an end in 2012. I have watched a history channel documentary saying that numerous sources from the past (nostradamus, the mayan calender, some old chinese stuff and other known predictors including a web-bot which is a computer based program that predicts the future and predicted certain things with great accuracy since 2000) that have accurately predicted from time to time things like the world wars, 9/11 etc etc and they all seem to point to the fact that the world is going to end, even as specifically as Dec 21 2012.
Causes of ending are of course left open but of the few that have been considered are:

1) War
2) Famine/ Natural disasters
3) Asteroid
4) Change in the earth's magnetic poles (this I can confirm to, it happens every now and doesn't exactly harm the earth except that when its polarized opposite to how it is now, in the transition, the whole earth is open to widespread radiation and plain bombardment of harmful stuff for humans from the sun)

and my personal belief
5) Aliens.
Why would they wait until 2012 if they haven't done it already? :confused1:
CONK da ball!!!

Offline Jamesdster

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Re: Another Scary Economic Prediction
« Reply #15 on: November 17, 2008, 10:13:50 AM »
Go figure!  The way I see it, the Pittsburgh Pirates, Columbus Blue Jackets, Cleveland Browns and Cleveland Cavaliers are all primed to win it all in 2013!   :ranting: :ranting:

Dang my luck.
I was at this casino minding my own business, and this guy came up to me and said, "You're gonna have to move, you're blocking a fire exit." As though if there was a fire, I wasn't gonna run. If you're flammible and have legs, you are never blocking a fire exit.  - Mitch Hedberg

Offline jeffrx

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Re: Another Scary Economic Prediction
« Reply #16 on: November 17, 2008, 03:32:56 PM »
We will be fine....have no fear.
Lots of people make passes at me, I'm a tennis player!

Offline monstertruck

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Re: Another Scary Economic Prediction
« Reply #17 on: November 17, 2008, 07:58:36 PM »
We will be fine....have no fear.  OBAMA is here! :))
CONK da ball!!!

Offline dmastous

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Re: Another Scary Economic Prediction
« Reply #18 on: November 17, 2008, 08:01:21 PM »
We will be fine....have no fear.  OBAMA is here! :))

Yup!
With his new Chief of Staff Rahm Emanuel, who was on the board of directors of Fanny Mae, and was one of the architects of NAFT.
That giant sucking sound is getting louder, and louder.
Change is a-comin'!

Is a tree as a rocking horse
An ambition fulfilled
And is the sawdust jealous?
I worry about these things .

Kevin Godley & Lol Crème (I Pity Inanimate Objects)

Offline monstertruck

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Re: Another Scary Economic Prediction
« Reply #19 on: November 17, 2008, 08:21:15 PM »
We will be fine....have no fear.  OBAMA is here! :))

Yup!
With his new Chief of Staff Rahm Emanuel, who was on the board of directors of Fanny Mae, and was one of the architects of NAFT.
That giant sucking sound is getting louder, and louder.
Change is a-comin'!
They won't be getting much of my 'change'!
CONK da ball!!!