The “system” is being screwed by the idiots but the country remains a nation of individuals. Not a nation of the ruled.
Cheerful thoughts!
Reads like a Hal Lindsey novel. Scary for sure...
Recall the history of the great empires and societies of the world. They did not collapse all at once but took years of incredible violence and destruction. There is no reason to no believe this will happen here. This is the opening chapter not the closing.
And as to “Revolution” again that is something which takes years, if not decades, to be accomplished. Unless the idea is that Obama is the representative of that Revolution.
I like the idea of tax rebellions!
Where do I sign up?
Kook alert!
Real assets don’t evaporate. They merely change owners. The chicken little panic is generated by the current mismanagers in order to stampede the people into trying to prevent this change of ownership by giving tax dollars to the mismanagers so they can continue to reap ill-deserved rewards.
Failing businesses need to go through chapter 11 bankruptcy so the assets can be redeployed to creditors who will choose new managers. There will be write-downs of prices, but factories, stores, inventories, etc. will be shifted to new hands. Prices and wages will likely have to be cut to speed the readjustment.
The big danger is government interference that impedes readjustment—things like bailouts, card-check unions, tighter regulations will all act to prolong the pain just as similar measures did in the 1930s.
If it happens, it won’t be uniform across the country. It will happen big time in the blue counties. The red counties are better prepared for trouble - spiritually and psychologically - and for that matter are better armed.
If this guy’s such an economic prophet - hw come I’ve never heard of him before?
BTW, you can subscribe to his newsletter for a mere $99 per year
Real bargain /s
A depression will turn out fine. The bigger threat is hyperinflstion. THAT would destroy the nation.
I really have to learn to read these entire posts before commenting!
I now see how the author is tying this in to Biblical prophecy. While none of us know God’s timing, Celente is apparently quite knowledgable on events as predicted in the Bible, and seems to think that some of the “end times” events we see in Revelation may be here quite soon. I do think we should at least acknowledge that it is possible that some of these events may occur.
While many posters think his predictions are totally impossible, just look at how the events of the past weeks have been so extraordinary that none of us would have dreamed they could have ever transpired.
bookmark
It’s worth considering what he is saying.
It may not get as bad as Celente predicts but one doesn’t have to be a ‘psychic’ to see the trends.
If you own your house free and clear, be grateful.
If not, pay it off as soon as possible.
Don’t get to much in debt.
Stock up on food and be PREPARED.
Then trust in God.
If Celente is wrong — and I don’t see how it is such a ‘stretch’ to consider that he may very well be right — how can any of these precautionary measures hurt you?
Change — sometimes slow, sometimes fast — is the natural order of things.
We are living in ‘interesting times’ — as they say.
God help us to withstand the storm...
... And God bless America!
STE=Q
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
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?
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.