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Renowned Economic Forecaster Says US Headed For Total Collapse
American Sentinel ^ | November 24, 2008 | Michael Eden

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 2012

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, 2008

Prison 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.

WATCH THE VIDEO

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

Aint that a heavyweight boxer's send-you-whimpering-to-your-knees shot to the gut.

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.


TOPICS: Business/Economy; Government; Politics; Religion
KEYWORDS: collapse; depression; economy; marxistvictory; obama
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To: Matchett-PI

They thought Peter Schiff was a kook in 2006. He was so accurate it was spooky. They laughed in his face.

They are not laughing now.


81 posted on 11/25/2008 11:05:51 AM PST by RobRoy (Islam is a greater threat to the world today than Nazism was in the 1930's.)
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To: CottonBall
"Don’t know if that’s happening yet or not, but I haven’t heard anything."

Frankly, I did a slow-motion run on my bank over the last 12-18 months.

82 posted on 11/25/2008 11:12:24 AM PST by blam
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To: Michael Eden

I see the whole WORLD collapsing...not just the U.S. I’m not 100% convinced but it does bother me.

However, I get up every day and go to work and do my thing and leave the results up to God. And that works ‘cause I had two clients close on their mortgages today.


83 posted on 11/25/2008 11:24:55 AM PST by Terry Mross ( It's just a matter of time before we're all 'GUILTY' of hate speech.)
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To: RobRoy
"They thought Peter Schiff was a kook.."

See my #75. Is Schiff a fundie "scholar", also?

84 posted on 11/25/2008 11:59:05 AM PST by Matchett-PI
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To: Matchett-PI

I read those but I am afraid I am missing your point.


85 posted on 11/25/2008 1:16:54 PM PST by RobRoy (Islam is a greater threat to the world today than Nazism was in the 1930's.)
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To: Michael Eden

He (and Schiff) were off on gold, but that one isn’t done playing out. It appears to be being manipulated. That is, there seems to be a shortage of gold, and yet the price is down, significantly?!

Then again, it gained around $115 an ounce in about a week. Maybe the $2,000 prediction isn’t so far off as we may think right this minute.


86 posted on 11/25/2008 1:24:54 PM PST by RobRoy (Islam is a greater threat to the world today than Nazism was in the 1930's.)
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To: Terry Mross

>>I see the whole WORLD collapsing...not just the U.S.<<

I agree. But it will be in the spirit of “the bigger they are, the harder they fall”.


87 posted on 11/25/2008 1:26:33 PM PST by RobRoy (Islam is a greater threat to the world today than Nazism was in the 1930's.)
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To: arrogantsob

Clinton was the opening chapter; this is Chapter two.


88 posted on 11/25/2008 1:28:46 PM PST by AmericanVictory
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To: CottonBall
The most liquid items are the same items you see bought and sold most commonly in pawn shops.

Jewelry, especially gold and diamonds
valuable tools
Leather goods
guns
ammo
rare coins

If you are interested in portability, then I would tell you to stick to rare coins and diamonds. With jewelry, it would be wise to concentrate on diamonds. THe artistic value of the design and non-diamond gemstones can be written off.

The problem is that when things really get desperate, the basics will be what everyone wants and will kill for. Food, clothing, useful tools and weapons, fuel(whether it be gas, diesel, wood, or cow manure), and don't forget that humans will be a valuable commodity too. Sexually desirable young females and combat capable young males will be bartered commodities in the worst of the worst situations. I'm not suggesting that anyone should take part in the trafficking of humans. But we should all be aware of reality. And if any of us happens to be one of those types of humans that are considered valuable commodities, be aware that you may find yourself in a situation where you will be purchasing your freedom with some of your valuable stash, or you could yourself become a valuable possession of someone else.

You may need to bribe someone with valuables to leave your daughter untouched, or bribe some warlord to NOT draft your son into his gang. Or both. Or you may find yourself better off fighting instead of bribing.

Plan for all possibilities.

89 posted on 11/25/2008 3:31:43 PM PST by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: Lady GOP

Unionism pushes the day of reckoning farther and farther into the distance. It can’t continue much longer with Detroit, bailout or no bailout. Democrats will protect them as best they can and allow them to continue employment restriction to keep their wages above equilibrium levels.
This is the dirty secret of Unionism: it can raise wages in an industry only by keeping the level of employment below the optimum level. My wage is higher because you cannot work.

Now if the idea is to bailout industry by obtaining preferred stock or bonds the government could obtain a return from the money. It would also give the government an incentive to keep from driving them out of business with goofy environmental targets.

Now this assumes the idea is not to destroy business. Since I do not see any chance for tax increases in the near future they will have to raise money from somewhere.


90 posted on 11/25/2008 9:28:24 PM PST by arrogantsob (Hero vs Zero)
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To: RobRoy

When those words were written it was assumed that the End of Times would be coming soon. Didn’t happen as expected nor in 1000 when many believed that it had to be then. Then every year or so some True Believer with Great Insight convinces a gullible flock that next month is the time.

It matters not.


91 posted on 11/25/2008 9:31:59 PM PST by arrogantsob (Hero vs Zero)
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To: AmericanVictory

American leadership has become a contest to buy the greatest number of voters. This is what happened in ancient Rome and it took two hundred years to result in the Empire and another 3 or 400 more to get to the end.

If we had a Washington, Lincolm, Reagan or a Hamilton we might figure out a way to maintain our power. But the media ensures that Leftist liars are elected in the majority of elections.


92 posted on 11/25/2008 9:41:55 PM PST by arrogantsob (Hero vs Zero)
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To: arrogantsob

Well said, and it is as the Founders feared, at the hands of a demagogue and he who funded him, who is essentially a foreign power, intriguing on our shores to build his worldwide empire.


93 posted on 11/25/2008 10:18:27 PM PST by AmericanVictory
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To: Joann37

No need to offer any apologies to me. I’m just pleased that you realized who was saying what. If you’re like me, you skim through a bunch of articles, and it’s easy to misunderstand this and that when skimming.

I heard an economist on the news today saying that his fear isn’t so much in how the stock market performs right NOW, but rather in a couple/few years as all the incredible debt begins to pile on in the form of staggering interest payments. In other words, things could START looking good, and then the bottom truly drop out when we find ourselves struggling to pay our debts and find our country is bankrupt.

The US has been the staunchest defender of Israel, and the guarantor of freedom in the world throughout the century. It has also been the ultimate bastion of individualism and nationalism. According to the Bible, that won’t last. The US is not a major player in the last days.

As the last days unfold, according to Ezekiel 39-39, Russia and a coalition of Islamic states (all of them but Egypt and Babylon (Iraq), interestingly) will attack Israel. No country will come to their aid, but will only question what impact such a war will have on global commerce (Eze 38:12-13). The United States will not be there to say to the Russian/Islamic forces, “You’ll have to get through us first.” But God Himself will supernaturally intervene.

And then, again, we see the coming of an Antichrist/beast in the very last days during a time of incredible global crisis such as the world has never seen. He will literally solve the unsolvable problems, and be such a great leader that the whole world will worship him. Again, where is the US in such a scenario? Clearly, the US is diminished.

So I read Celente’s article in which he forecasts economic catastrophe for America, and I am putting 2 and 2 together. Celente himself never mentions Bible prophecy; it only happened that his assessment is compatible with what the Bible is saying.

Thanks for reading, and for commenting!


94 posted on 11/25/2008 10:50:47 PM PST by Michael Eden
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To: Michael Eden

This guy is promoting the panic that is driving the panic..that could well destroy us.


95 posted on 11/25/2008 11:07:13 PM PST by berdie
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To: Michael Eden
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.

This guy needs to read the Prophets. Especially Isaiah.

96 posted on 11/25/2008 11:23:33 PM PST by roamer_1 (Proud 1%er... Reagan Conservatism is the only way forward.)
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To: arrogantsob

You said,
When those words were written it was assumed that the End of Times would be coming soon. Didn’t happen as expected nor in 1000 when many believed that it had to be then. Then every year or so some True Believer with Great Insight convinces a gullible flock that next month is the time.

Read 2 Peter chapter 3. Peter tells us we’re going to have scoffers saying, “Where is this wrath of God stuff?” And Peter says that the Lord is patient, wanting as many to be saved as possible.

Jesus is even more clear: Matthew 24:14 “And this gospel of the kingdom shall be preached in the whole world for a witness to all the nations, and then the end shall come.

Christian missionaries are excited. Of all the 13,000 people-groups, the gospel has now reached 99% of them. The Bible/gospel will have been translated and penetrated to every people-group on earth, fulfilling Jesus’ commandment. And then the end shall come.
http://www.ad2000.org/status.htm

Jesus told His people NOT to set dates. But the Bible DOES give us signs of the times, and we are truly seeing the end coming, based on those signs. Have you heard false predictions from people claiming the Bible? Yeah, but many of them have been from movements that deny fundamental elements of the Christian faith, such as Jehovah’s Witnesses with their warped doctrine of the 144,000.

There are a bunch of things that tell us that the Biblical scenario is unfolding. The rebirth of national Israel (Ezekiel 37); the ability of Asia/China to project an army of 200 million soldiers (when John wrote Revelation, there weren’t 200 million people in the whole world!). There are MANY prophecies which really serve to narrow down WHEN the end day clock starts running.

Let me ask you a question. In the days of nuclear arsenals, and terrorists who want to get their hands on nukes, do you truly believe that “Armageddon” WON’T ultimately happen? I would actually argue that your faith would be more bizarre than mine, if that’s the case! We’ve also got diseases that are terrifying centers for disease control, and the realization that terrorists could deliver (by becoming human “germ bombs”) diseases that could wipe out millions.

And we’re in a more vulnerable period economically than at any point in human history. Unlike the past, where wealth was in land, or cattle, or gold, today the overwhelming majority of the world’s “wealth” is on paper, and hard assets are often leveraged a hundredfold to create phantom money. We have a world market with $700 TRILLION in derivatives, and it is those derivatives that are beginning to blow up now.


97 posted on 11/25/2008 11:43:16 PM PST by Michael Eden
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To: arrogantsob

>>When those words were written it was assumed that the End of Times would be coming soon. Didn’t happen as expected nor in 1000 when many believed that it had to be then. Then every year or so some True Believer with Great Insight convinces a gullible flock that next month is the time.

It matters not.<<

I disagree, with the exception that I do agree that various people will attempt (and have attempted) to use it for their own gain. People have been doing that with Christianity since it’s inception.

I also have little doubt that on the day it actually happens, someone will be making the very argument you are making.

. The day it DOES happen,


98 posted on 11/26/2008 7:55:49 AM PST by RobRoy (Islam is a greater threat to the world today than Nazism was in the 1930's.)
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To: Michael Eden

Trying to set a time line for such an event is a futile gesture in my mind and has been done so many times any new attempt has no credibility.

So far one of the main elements is missing in any case and that is the rebuilding of the Temple.

People claimed the end waa here when populations died off by the millions in the Middle Ages. Up to a third of some populations died. As to war and rumors of war when in the last two thousand years was there no war. Then look at the Viking invasions where murderous pagans rampaged among the Christians of Europe killing, robbing and kidnapping even going as far as Turkey. Think Somali pirates times a million. This era approached these horrors only during WWII. Violence and death overall of late have not been increasing but decreasing particularly non-Islamic violence.

Where is Islam in the Bible other than the references to the founder of the Arabs, Ismael?


99 posted on 11/27/2008 8:08:09 PM PST by arrogantsob (Hero vs Zero)
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To: IrishCatholic

The least of Zero’s voters were from those wanting tax cuts. His base is strictly those who do not pay taxes. No one believes he will lower taxes except the incredibly ignorant.


100 posted on 11/27/2008 8:13:52 PM PST by arrogantsob (Hero vs Zero)
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