Posted on 11/24/2008 5:15:55 PM PST by Michael Eden
Let me just start with the sobering thoughts of Trends Research Institute CEO Gerald Celente, and then save my comments for after:
Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012Aint that a heavyweight boxer's send-you-whimpering-to-your-knees shot to the gut.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.
Paul Joseph Watson, November 13, 2008Prison Planet - 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 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.” — 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
As I've previously written, "The Beast Is Coming." And he's coming soon.
You remember Hillary Clinton's now-famous "3 AM phone call" ad? Well, it's pretty much 3 AM every minute of every day right now, and the most inexperienced and most radical President in US history simply isn't ready for it. Don't believe me; just ask Vice President-elect Joe Biden to reminisce about what he said a few months ago: "The Presidency is not something that lends itself to on-the job-training." We are ONE crisis away from complete disaster and even total collapse. And - given a very likely Hillary Clinton appointment to Secretary of State - you have the two most senior members of Obama's administration on the record repeatedly stated that Obama would simply not be up to the job.
Well, he's got it. We gave it to him. Along with a total Democratic majority that will give him power not seen since FDR. And boy, oh boy, are we ever going to pay for it.
Possibly the most terrifying crisis of all could occur before Obama even takes the oath of office. Former Ambassador to the UN John Bolton is among a group of foreign policy experts who believe that Israel - fearing Obama's weakness and lack of commitment to their security - will attack Iran before January 20, 2009 in order to destroy the rogue, terrorist state's nearly complete nuclear weapons program. And even Joe Biden pretty much had to say that you're going to have to have blind faith in Obama, because it won't be apparent that he has any clue what he's doing.
On the economic front, we now have Obama already backing away from his pledge to tax the bejeezus out of the rich and raise capital gains so that he can give the lower classes (including those who don't even pay taxes) a "tax cut." Which is pretty much an implicit acknowledgment that he didn't have a clue what he was talking about during the campaign, and that the people he was demonizing had a far better understanding than he about how the economy works.
Which is partially why investors have been bailout out of the market in droves since Obama's election, and why 74% of chief executive officers believe that an Obama presidency will be a disaster for the nation.
The good news for liberals, given Celente's analysis: you've always wanted to destroy Christmas. Now you'll finally be getting your wish. Way to go.
Evangelical Christians have long known this coming meltdown was coming. The United States isn't mentioned in Bible prophecy for one good reason: we won't matter. We won't have the power to project ourselves into the Middle East during the final days, and we won't have moral courage to support historic friend Israel when it matters most.
Grant R. Jeffrey wrote a book entitled Final Warning: Economic Collapse and the Coming World Government which came out in 1995. He concluded his chapter 14, ''The Coming Economic Collapse," by stating:
"However, in the last few years the size and complexity of the financial derivatives market has exploded until today over $21 trillion is at risk in America and and astonishing $42 trillion is at risk worldwide. To place these figures in perspective, the total value of all stocks traded on the New York Stock Exchange amounts to only $6 trillion. We should remember that the stock market crash of 1987 that resulted in the loss of $1 trillion of investors' funds was precipitated by a massive drop in the financial derivatives market. During the last year the largest Japanese steel company in Germany lost $1.4 billion. Then, Orange County, CA, lost $2 billion while the 270-year-old Barings Bank of England was forced into bankruptcy when they lost $1.3 billion in one week on a derivatives trade by one 28-year-old employee. This incredibly dangerous derivatives market could very well be the trigger for the coming financial collapse that the Bible indicates will occur in the last days leading to the rise of Antichrist and the revived Roman Empire" (p. 247).Grant's insightful and clearly prophetic analysis both reveals the means of our economic destruction while simultaneously pointedly revealing that the cancerous roots of the financial implosion occurred during the Clinton era, and NOT as a result of Republican or Bush policies.
In September 2003, Democratic Rep. Barney Frank said of the GSE entities which created the housing finance crisis, ”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis.” And Democrats steadfastly refused to regulate them at a time when President Bush urged regulatory reform when it could have averted disaster. And Barney Frank - representing the Democratic consensus - was still in denial as late as July 2008, saying, "I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under." In one of the greatest propaganda campaigns in human history, the American media managed to convince the electorate that policies that were conceived and carried out during Democratic administrations were somehow the Republicans' responsibility.
I worked as hard as I knew how to elect John McCain because I saw Barack Obama as the walking disaster who would destroy America and prepare the way for the beast of Revelation. Secular humanists will continue to laugh at people like me even when they are in the darkest depths of the Apocalypse. But I hope that more and more people will begin to realizing it's no laughing matter before the looming disaster engulfs us all.
As a final P.S. let me say one final thing about the Apocalypse. If you cheat and read the last page of Revelation to see how it all ends, you will find that God wins, and all those who oppose Him lose. The time is coming when we will all have to pick our sides.
You don't think a 48% reduction in the stock market value is a panic?
"NEW DELHI: As if the global meltdown and soaring food prices are not enough, now brace up for food shortage in the coming two years."
I agree with you. This guy is offering the far out version of the next four years...but if only half of what he says happens, we’ve all got a lot of problems. And it’s plausible that half of what he is talking about does come to pass.
Being long gold isn’t a bad place to be right now. Gold is the only asset that has held up the past year.
The problem is we are in unprecented territory. Compared to the Great Depression we are many times more leveraged in every sector of our economy. Foreign entities own a large part of our debt. We have an electronic economy for transacting commerce.
If the dollar crashes, interest rates go thru the roof, and the banks fail, there will be little the govt can do. Commerce could very well grind to a halt. People today don’t know how to survive like they did back then. Lots of people will die.
If that happens the whole country will collapse, it’s that simple.
BFFR
Count me in, too. ;-)
Perhaps some of what Celente says will come true. But isn’t he largely a legend in his own mind? What is the real evidence that he accurately and specifically made all these predictions? If he has been so good at predicting, over such a long period of time, why isn’t he richer than Warren Buffet?
Maybe the CRA is overreaching and should be overhauled if not repealed. But, the CRA doesn't regulate mortgage companies like the ones that sold all those subprime mortgages to borrowers with bad credit. The CRA only regulates depository institutions like banks, and it requires borrowers to be creditworthy. IMHO, the real culprits are the Federal Reserve for lowering the interest rates thus creating the housing bubble, the companies that sold subprime mortgages to uncreditworthy borrowers, and the borrowers themselves. I know people who lost their homes due to illness/medical bills, and I do have sympathy for them. But, too many others simply borrowed more than they could afford.
Frightening prediction, btw, in that article. All great nations fall, and the politicians and voters have led us into this mess. We'd all better stock up on canned goods, I guess.
A good day is when you get a nice tax revolt in before dinner :)
I am surely no doom-and-gloomer, but I got a real bad feeling:
Private well and septic - check
Several acres of fertile ground - check
Several acres of woods, plenty of deer and other edible creatures - check
Big cast-iron woodstove with cooktop for heat and cooking - check
Relatively little debt and only a small mortgage - check
Shotguns, rifles, handguns, ammo - check
Okay. Bring on the economic meltdown.
Actually, the banks WERE forced to reduce their credit policies in order to make loans to minorities.
In fact, Barack Obama was one of the lawyers in a landmark 1994 case vs. Citibank.
http://www.suntimes.com/news/politics/obama/700499,CST-NWS-Obama-law17.article
In addition, the Clinton administration pressured the banks to make such loans. Basically, the banks were forced to make the loans, and were then assured that Fannie and Freddie would guarantee the loans. So they made them like nuts after that.
Too bad people didn’t realize who really caused this meltdown due to media propaganda/disinformation.
The problem is that the “real assets” have been leveraged a hundredfold, and the result is $700 trillion dollars in derivatives.
The implosion will dwarf anything from the Great Depression. Nothing like this existed.
You said:
But the article is say something about the Panic of 2008. That only leaves 1 more month for the panic to begin. I don’t think that’s really going to happen so soon.
Celente is credited with predicting a lot of what would happen in 2008 - and it certainly HAS been a panic. We’ve lost something over $40 trillion dollars and nearly 40% of the market.
The article I cite refers to what he NOW sees happening around 2012.
Yes they do, and apathy and moral decline are early warning symptoms. If George HW Bush was our Tiberius, and Bill Clinton our Caligula, then Dubya was Claudius and 0bama looks destined to be our Nero. Take away the Roman intrigue and the comparisons are amazing.
You said:
The problem is we are in unprecented territory. Compared to the Great Depression we are many times more leveraged in every sector of our economy. Foreign entities own a large part of our debt. We have an electronic economy for transacting commerce.
If the dollar crashes, interest rates go thru the roof, and the banks fail, there will be little the govt can do. Commerce could very well grind to a halt. People today don’t know how to survive like they did back then. Lots of people will die.
If that happens the whole country will collapse, it’s that simple.
You said:
Perhaps some of what Celente says will come true. But isn’t he largely a legend in his own mind? What is the real evidence that he accurately and specifically made all these predictions? If he has been so good at predicting, over such a long period of time, why isn’t he richer than Warren Buffet?
Thought I’d post this UPI article from November 2007:
http://www.upi.com/Business_News/2007/11/19/Forecast_US_dollar_could_plunge_90_pct/UPI-48761195499806/
RHINEBECK, N.Y., Nov. 19 (UPI) — A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.
“We are going to see economic times the likes of which no living person has seen,” Trends Research Institute Director Gerald Celente said, forecasting a “Panic of 2008.”
“The bigger they are, the harder they’ll fall,” he said in an interview with New York’s Hudson Valley Business Journal.
Celente — who forecast the subprime mortgage financial crisis and the dollar’s decline a year ago and gold’s current rise in May — told the newspaper the subprime mortgage meltdown was just the first “small, high-risk segment of the market” to collapse.
Derivative dealers, hedge funds, buyout firms and other market players will also unravel, he said.
Massive corporate losses, such as those recently posted by Citigroup Inc. (NYSE:C) and General Motors Corp. (NYSE:GM), will also be fairly common “for some time to come,” he said.
He said he would not “be surprised if giants tumble to their deaths,” Celente said.
The Panic of 2008 will lead to a lower U.S. standard of living, he said.
A result will be a drop in holiday spending a year from now, followed by a permanent end of the “retail holiday frenzy” that has driven the U.S. economy since the 1940s, he said.
He had 2008 pegged a lot better than I did.
It is interesting to me that many bearish writers — whom I’ve been reading for years — have been saying pretty much the same things regarding destructive economic trends and the ultimate disposition of derivative-related securities and companies. Celente, however, is uncanny in his timing abilities. Where the other writers were way early by years in their forecasts of economic upheaval, and were marginalized by the seeming failure of their predictions, Celente really did nail 2008 precisely. I look forward (not) to see what 2012 holds.
It’s a bit creepy, but it seems that the predictions in the book, The Sovereign Individual, are coming to pass. The authors say that nation states are on the decline, and that power will become more decentralized. Just look at how impotent the major countries have been against a small band of crack-head Somali pirates. We could be in for some dark, chaotic years, similar to what happened when the Roman Empire fell apart.
One thing missing on your list is medical self-sufficiency. A real tough one, unless you live in a commune staffed with ex-ER and pharmacy personnel, and associated matériel. I hope at least your well pump runs on solar or another alternative source. Grid power will be subject to easy sabotage.
Yes. A generator and gasoline storage will be good things to look at if the collapse snowballs.
As far as medical is concerned, I have two sisters-in-law and a niece who are nurses.
Hope that’ll be good enough. We’re pretty healthy anyway.
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