Posted on 06/06/2009 8:53:17 AM PDT by kellynla
Its the end of the world as the Greater Depression hits after 2010s failed W-recovery
Human Events had the opportunity to interview forecaster extraordinaire Gerald Celente, President of Trends Research Institute, several days ago -- and the future he predicts looks bleak indeed. In fact, as Mr. Celente sees it, the Great Depression will seem like a mild recession as what waits for us in 2011 hits with the force of a Katrina financial hurricane.
In case youre wondering who Mr. Celente is (if this is still possible), hes appeared -- along with his predictions -- on Oprah, CNBC, Reuters, NBC, PBS, BBC, the Glenn Beck Show -- the list goes on an on. His Trends Report has been successfully predicting the major future trends impacting our lives for 3 decades, including calling the dot com crash back in the 1990's.
Mr. Celente's forecast on our impending future is based on his study of history. He says we are bent on destroying our currency, bankrupting our government, and unleashing a violent citizen-against-citizen eruption as the economy collapses into chaos and marshal law fascism.
Quite a claim. And God help us if he is right -- again.
Were sounding the alarm about the ongoing downward economic cycle, Gerald told Human Events. In 2002, we predicted that the collapse of the American empire would fall like the World Trade Center in a thunderous crash -- in slow motion before our eyes. And now its happening.
Mr. Celente follows over 300 trends: family, crime, war, education, consumer & business patterns which TRI synthesizes to predict the future.
The US is becoming a shadow of what it used to be. Take education for example. The OECD group of developed countries ranks quality of life, education, health care of its member nations. The US is now falling down the table as one piece of data after another shows America is in decline. Were no longer Win, Place or Show in quality of life, education, longevity all the essentials where we used to be #1. And our economic underpinnings are failing.
Mr. Celente puts part of the blame squarely on the federal government, and especially FED Chairman Bernanke and Treasury Secretary Geithner, and warns us not to believe a word they say Theyre the same people who didn't see it coming - are now telling us the worst is over, that green shoots are spouting upwards. But they were wrong before. Theyre wrong on this too.
When you pump out tons of money manure into this system based on nothing printing press paper, its like giving a patient with a chronic disease a pain killer -- it wont cure the patient.
But lets go beyond the economics. Our whole Constitution has been abrogated. The president simply writes an Executive Order to do whatever he wants. Nationalize the banks, take over the insurance industry, automobile industry, health care industry None of it is constitutional.
When did the problem begin?
After Dwight Eisenhower -- our last great president -- the Allied Supreme Commander in WWII who warned us of the dangers of the military-industrial complex. We've become completely corrupted.
We became enmeshed in foreign entanglements. We forgot the lesson of England - and how their global imperial overreach destroyed their empire.
Of course, the average American doesnt think that were an empire. Were not like the classical empires of old - raping, pillaging and stealing the wealth of invaded peoples. What does Mr. Celente have to say about this?
What were doing is squandering our wealth, our resources, the genius of our scientists and the future of our children. Were over-consuming in every way -- but under consuming our education and focusing on the quantity, not the quality, of what weve built. So much of todays culture is counter-productive to what American built its foundation on -- a high-quality producing nation building things, not pushing paper.
"And weve become not only a consumer society but a low-quality consumer, as well as the most obese society in the world, eating low-quality high-carb, high-fat processed foods.
Were now focused on the lowest cost, the lowest common denominator. Not the best and highest quality. We advertise buying cheapest as the most important thing.
Mr. Celente argues that weve socially destroyed our productivity and have abandoned it to other countries.
And we have fallen into a moral vacuum. Look at how people used to dress. Smartly. Not like the cheap hoods of today. Fashion now copies the lowest common denominator. Our children wear clothes without belts, and shoes without shoelaces, to copy the styles of the violent criminals -- who have these items removed by the police in prison so they cant be used as weapons. Thats become the fashion statement of todays youth. Like rap music from the ghetto. Weve become an underdeveloped nation.
Mr. Celente observes that "people used to think of America as that shining beacon on the hill with 'liberty and justice for all ' ." So what happened?
"Morality is missing from our American public consciousness. Start with Wall Street. Its run by a criminal gang. The only question is how much can you make, how much can you steal? At the bottom, the welfare recipient says how much can I take? And the government is in on the take."
Morality is absolutely the issue. We had a government where we were taught all our lives that we are a free enterprise system -- so we depend on our own strength, our entrepreneurial ideas. The world used to look to us for our innovative spirit.
This is being destroyed before our eyes. And our government has become more interventionist than any of the old empires could imagine.
"Our society is now based on consumption -- 70% of the GDP. This is more than we produce. So to pay our bills, we use funny money invented in 1913 with the creation of the Federal Reserve and the fiat dollar based on credit (debt) -- the fractional reserve system. In 1930's you bought what you could afford. You saved up to buy your home. The easy credit of the 90's has destroyed the country. Now you borrow what you cant afford - and the nations done the same."
Mr. Celente predicts the use of printing press money will cause the "greater depression".
"I predict continuing deflation of real estate, followed by extreme currency inflation -- ultimately becoming worthless. This is why gold is the only honest money -- the government can't counterfeit it. Look for it to top at least $2000 an ounce"
"Our unemployment numbers are also bogus. For example, the construction industry is really above 20% , and the government is creating low-level jobs, not real jobs. The US total real unemployment is more like 16%. Before the crisis is over, it will reach 25% - great depression numbers."
"When people have lost everything they have nothing to lose. Violence and crime will explode. Look at the OECD figures. The number of people not graduating from high school is exploding -- they're wacked out on drugs. New York City will look like Mexico City in a few years. The collapse of morality from top down -- and especially in the government -- makes it inevitable."
"What can we expect in the coming future", we asked.
"Washington has declared 'Economic Martial Law'. Wall Street is putting Main Street out of business. The key to watch is Christmas sales. Theyll fail. Christmas will be when reality sets in."
"Another trend we wrote about over 2 years ago was the tax revolt. Whats happened? Tax revenues have collapsed by 33%. And the wealthy people are leaving."
"We predict state secessionist movements will rival the breakup of the Soviet Union."
"The only way we can ever recover is to return to individual community, personal responsibility, local government. Next, average will disappear, Quality will return. Look at GM. Junk cars financed by junk bonds. Now owned by a junk government. As a consumer, dont consume quantity -- consume quality."
"How will it all end?", we queried. Will the dollar survive?
"The dot com bubble should have burst and gone away in a short sharp recession. But the boys at the Fed re-inflated the economy by lowering interest rates to a 46 year low -- and in turn created the real estate bubble -- much bigger than the dot com bubble. "
"Now theyre creating the bailout bubble -- which will ultimately dwarf the real estate bubble. It will cause the implosion of the global economy world wide -- which will not be able to be repaired by creating yet another bubble. Every time the government fails, it tells a bigger lie and then a still bigger lie."
"These previous bubbles were not allowed to pop -- but they didnt destroy the infrastructure of the country. This bailout bubble will."
"But this bubble will be the last one. After the final blowout of the bailout bubble, we are concerned that the government will take the nation into war. This is a historical precedent thats been done over and over again."
"So, its not that the dollar that will survive. We may not even survive. Look at the German mess after WWI. It gave rise to Fascism and WWII. The next war will be fought with weapons of mass destruction."
American 'Liberal Fascism' ? Is it possible? Jonah Goldberg's bestseller raised the alarm two years ago.
Are you looking for a job?
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Inflation doesn’t scare me. I know how to make money during inflationary periods. Heck, even homes go up in price during inflation.
It’s the other way that baffles me...how to make money during asset/salary deflation.
Clearly he read yer book !!.....LOL !
Hope it’s going well and ya make good on it ....Stay safe !!
nooooooooooooooooo...what made you think that I might be looking for a...."job?" LOL
I've had the absolute best job on the planet with the best boss on the planet for the past 30 years...ME! BIG SMILE
That’s what I would have thought.
If it was taking 100 trillion Zimbabwean dollars to buy three eggs, how many Zimbabwean dollars would it take to buy an ounce of gold?
It irritates me when people make multiple related assertions without ensuring they are consistent with each other.
Sorry Kelly, that was supposed to be addressed to “all.”
Amazon orders come in on Sundays for some reason, and I had my biggest order yet today, for 320 books. 12 cases of FEAT, and 4 cases each of the other two books.
Amazon orders come in on Sundays for some reason, and I had my biggest order yet today, for 320 books. 12 cases of FEAT, and 4 cases each of the other two books.
Good deal...... The story thus far is great. Read the first few chapters and am impressed with the story line versus current events. Amazing time lines etc !
I have to go do some errands and will try to find a place in the shade today and finish it.....!!
Stay safe !!!!!!
Interesting ... Amazon transitioned from “Available in two to four weeks” to “Out of Stock”, with “Available for immediate shipping” apparently only briefly, and I missed it.
Is this order of 20 cases shipped from the Michigan warehouse (as opposed to “your garage”)?
My experience with Amazon is that they do not adjust smoothly to new titles. It really seems that there are no humans at all working in their warehouses and shipping centers. If orders are running ahead of stock for ne titles, they will keep giving those erroneous “2 to 4 week” messages even if they are getting another 320 books in 2 or 3 days.
Where is Amazon’s warehouse/shipping facility?
The two biggest ones I’ve had to ship to are in Campbellsville and Lexington TN. But I’ve also had Amazon orders to ship to Arizona, Nevada, Kansas and Delaware.
The first 100 or so pages are not exactly cheerful, but I had to set the mood.
So far the second and third 100 pages aren’t exactly measuring up to my criteria for “barrel of laughs”, either.
I guess that’s just part of the book’s charm. :-)
Celente wasn’t basing this on what is happening or how things are now, he is taking the criteria of now, based on how the hopenchange and the decline of our culture and monetary practices may effect the near future.
The quality and safety of our food has declined greatly and looks to continue to decline. How long do you think we are going to have a good medical system? The dems have targeted July of this year to push cheesy Obamacare.
Who is going to stop them?
The way things are going, there is no way for the trend to be a positive one.
Yeah, it’s not exactly a light hearted comedy.
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