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And Now We're Headed For The GREATEST Depression, Says Gerald Celente
TechTicker/YahooFinance ^ | 8/20/10 | Henry Blodget

Posted on 08/20/2010 6:43:23 AM PDT by Kartographer

The fake "recovery" was nice while it lasted, says famous apocalyptic forecaster Gerald Celente, founder of the Trends Research Institute. But now the fun's over, and we're headed for what Celente describes as the "Greatest Depression."

Specifically, the always startling Celente says the country is headed for rising unemployment, poverty, and violent class warfare as the government efforts to keep the economy going begin to fail.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Government
KEYWORDS: celente
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To: Leisler
Thank you for the link, Leisler. I almost always enjoy reading Julian Simon.

(I even think he's economically right about his pro-immigration stuff that a lot of folks on FR might dislike; I just don't entirely agree with him -- because sometimes it's not just about the economics of the labor market or what have you; sometimes it's about bringing in people at a sufficiently limited and reasonable rate that the culture is able to assimilate them, economics aside).

81 posted on 08/20/2010 11:51:26 AM PDT by Christian_Capitalist (Taxation over 10% is Tyranny -- 1 Samuel 8:17)
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To: Mad Dawgg

I’m stockpiling civilization, too - I’m trolling thrift stores for musical instruments, even though I can’t even play the piano I already have.


82 posted on 08/20/2010 12:19:10 PM PDT by nina0113
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To: Thermalseeker

You really get 2 eggs a day out of some birds? I didn’t think that was physically possible.


83 posted on 08/20/2010 12:20:24 PM PDT by nina0113
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To: Christian_Capitalist

You are welcome

He was a great.

I agree that we could have more immigrants, but legally. It seems odd that a 1800’s America, with a tiny Fedgov could handle it, and the borders, but now with Fedgov taking 1/3 of the GDP, it can not.


84 posted on 08/20/2010 12:37:44 PM PDT by Leisler ("Over time they create a legal system that plunders and a moral code that glorifies it." F. Bastiat)
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To: Leaning Right
The alternative is to QUIETLY store and HIDE non perishable food in the house. Those that brag to their friends and neighbors about prepping today, are putting themselves at risk.

As for the people who say they are growing gardens and raising live stock...good luck. They won't have a big enough Army to defend against starving looters.

You nailed it.

85 posted on 08/20/2010 12:56:48 PM PDT by spectre (Spectre's wife)
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To: Thermalseeker

Toilet paper, a currency? It is not even a necessity. Many Europeans use a bidet which cleans with a flow of water rather than a piece of paper. If I ran out of TP I would put a hose in the shower and be just fine. TP I can easily live without - food I can’t.


86 posted on 08/20/2010 2:49:57 PM PDT by Freedom_Is_Not_Free (California Bankruptcy in 4... 3... 2...)
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To: The Duke
"I just got in 50 3- and 5- gallon food buckets here, along with mylar bag. Will start filling them next week. "

I found that old (failed) deep freezers are good for storing items out in my shed. They keep out bugs and varmits and are good against humidity and severe temperature swings.

87 posted on 08/20/2010 3:26:45 PM PDT by blam
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To: The Duke
"I just got in 50 3- and 5- gallon food buckets here, along with mylar bag. Will start filling them next week. "

I found that old (failed) deep freezers are good for storing items out in my shed. They keep out bugs and varmits and are good against humidity and severe temperature swings.

88 posted on 08/20/2010 3:30:33 PM PDT by blam
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To: Eska

Hi Eska, I am curious what type of crops can you grow up there?

What is your growing season? long days in summer, but isn’t it a short season?


89 posted on 08/20/2010 3:37:14 PM PDT by Freedom56v2 ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
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To: Biggirl

Question, what makes Gerald Celente so SPOT ON? Thanks for all responses.


I know he predicted the 2008 crash, but what has his track record been prior to that and since (over last 2 years)? Not saying he is wrong, but wasn’t he predicting the immediacy of this massive depression for past 2 years doom and gloom for past 2 years? Not that I dispute his predictions, just wondering about timing....


90 posted on 08/20/2010 3:42:05 PM PDT by Freedom56v2 ("If you think healthcare is expensive now, wait till it is free"--PJ O'rourke)
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To: Abathar

I admire your humanity. Also, I would give civilization every opportunity to reassert itself before considering taking the law into my own hands. But if and when the rule of law goes out the window the looter who gets shot dead may be the lucky one.


91 posted on 08/20/2010 4:51:19 PM PDT by The Duke
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To: bushwon
I planted 300 lb seed tatoes, May 8-10th. Got 1500 lb in basement & gave away 1000 lb at least. Also planted 10 K carrots; wife is done with carrots and gave away half what we grew. We live in the interior, coldest part but 24 sun does the trick. We use to plant everything but tomatoes & corn, but mostly just taters now, Yukon Golds.

About every 4th year we get a frost in late July, small taters when we do.

Man can winter over quite well with tatoes in basement.

92 posted on 08/21/2010 12:30:25 AM PDT by Eska
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To: nina0113
I didn’t think that was physically possible.

It varies greatly from breed to breed. That's why I like the Buffs. They're also very tame and don't put up much of fuss when you gather their eggs. I've had mixed breed Pullets that would only lay an egg every three or four days, too. 'Course, as they get older the amount of eggs they lay drops off on all breeds.

93 posted on 08/21/2010 4:59:50 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Leaning Right
A large group of desperate marauders will rush your homestead, take casualties, and take your food.

Possible, but not likely. There is a much larger group of like minded (and heavily armed) farmers who surround my farm, many of whom are combat veterans. Two in particular are Special Forces guys. This topic has been discussed several times at various gatherings we've had. We all agree that if push comes to shove our response will be swift and sudden, so much so that it is far more likely they would move on to easier targets. It is true that "a large group of desperate marauders" might try to rush us, but as soon as one or two of them are dropped they will stop thinking like a group and start thinking about their own individual safety. This is how the mob mentality works. Unlike most people I have the benefit of having spent quite a lot of time working in 3rd world countries and I know exactly what to expect. I've already witnessed exactly what you describe more than once. Could they "pick me off" from a distance? Sure. I can also pick them off from a distance, too. There is no way they will enter my property without my knowledge. I've made sure of that. You see, I'm an electrical engineer and I have installed several ways of knowing. Anyone who would try to steal from me or do harm to my family today, not when some eventuality like you describe takes place, is going to be met with a very, very rude surprise. Actually, several very, very rude surprises. IOW, I'll take my chances on my farm, which will be one hell of a lot better than anyone who lives in a city if and when society collapses to that point. This is not a theory. This is a fact, right here, right now. Just because I haven't detailed the lengths to which I have prepared for our safety here on FR doesn't mean that they don't exist.

94 posted on 08/21/2010 5:21:14 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Thermalseeker

I’ve never kept Buffs, but they’re very attractive birds and would be my first choice if I raised chickens again. Theoretically we can’t have them in the subdivision, but a couple more foreclosures in the neighborhood and that rule will probably fade. Roosters may be a way off.


95 posted on 08/21/2010 10:08:43 AM PDT by nina0113
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To: Flavius; Thermalseeker
Doesn’t reading material follow toilet paper

I have some books that are so bad I was saving them for the firepit, but that's a better use. Y'all inspired me to pick up the big bale of TP instead of my regular 12-pack - I'll just throw some fabric over it and call it a footstool.

96 posted on 08/21/2010 10:11:24 AM PDT by nina0113
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To: Mad Dawgg; The Duke

Items good for barter also include: razor blades, matches, toilet paper, and various cabliber ammunition.


97 posted on 08/21/2010 2:47:11 PM PDT by SatinDoll (No Foreign Nationals as our President!)
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To: Thermalseeker; BlueLancer

I understand the craving for reading material.

When I was in recruit training at a Navy base in Orlando, Florida, we weren’t allowed to keep magazines or books. It was a quiet luxury to stand at my locker and read the ingredients on my bottle of shampoo!


98 posted on 08/21/2010 2:52:51 PM PDT by SatinDoll (No Foreign Nationals as our President!)
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To: Kartographer

thanks.... am taking a look...downloaded it


99 posted on 08/21/2010 2:53:29 PM PDT by dennisw (2012)
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