Another Gerald Celente Forecast.

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grannysoo

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http://www.wnd.com/index.php?fa=PAGE.view&pageId=112452


WND Exclusive
2012 forecast: Food riots, ghost malls, mob rule, terror
Trends chief says people should brace for 'the greatest depression'
Posted: October 10, 2009
12:15 am Eastern

By Bob Unruh
© 2009 WorldNetDaily

A trends forecaster says the current economic "rebound" from last winter's Wall Street collapse of banks, insurance companies and automobile manufacturers is an artificial blip created by 'phantom money printed out of thin air backed by nothing."

And Gerald Celente of TrendsResearch.com, says people right now should be bracing for "the greatest recession" which will hit worldwide and will mark the "decline of empire America." Crop failures could be among the minor concerns.

"Here we are in 2012. Food riots, tax protests, farmer rebellions, student revolts, squatter diggins, homeless uprisings, tent cities, ghost malls, general strikes, bossnappings, kidnappings, industrial saboteurs, gang warfare, mob rule, terror," he writes for a quarterly publication that is available through subscription on his website.

The recent surge in Wall Street indexes back to near the 10,000 level, still far below the 14,000 prior to the crash, should be no reassurance for anyone, he said.

"There's no recovery. This is merely a cover-up," he said. "The market crashed in March of 2009 and around the world they papered over the damage from the collapse with phantom money printed out of thin air backed by nothing," he said.

This is "much bigger" than an economic collapse, he said. "This is the decline of empire America."

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"Look what's happened to the dollar," he warned. "Gold prices are surging forward. That's the evidence. The rest that's coming from Washington and Wall Street is rhetoric."

"This is the beginning of the greatest depression. We're telling our readers to take pro-active measures in anticipation of much worse to come," he said.

USA Today says Celente "has a knack for getting the zeitgeist right," and CNBC says, "The man knows what he's talking about."

The Wall Street Jounral has said, "Those who take their predictions seriously … consider the Trends Research Institute."

He said during the Radio America/WND interview that retail sales this coming Christmas season will be the "real nail in the economic coffin."

"The second American revolution has already begun; it just hasn't been announced yet by the mainstream media," he said. "Anybody waiting for hope to show up at the door with a big bag full of money is going to be in for a shock."

Tim Barello in the Examiner noted that since 1980 Celente has made at least 40 accurate predictions about major world events, such as the 1987 stock market crash.

"Throughout the 1990's, many other forecasts came true, including the collapse of the Soviet Union, surges in global terrorism, the popularity of spiritual and new age philosophies, public backlash against globalization, upsurges in online shopping, and the 1997 Asian financial crisis, to name a select few," he wrote.

Now comes his forecast for a global depression and for the United States, "Obamageddon."

"We want to make it very clear that the policies leading to the decline of 'Empire America' have been long in the making," Celente told Barello. "What has happened in the Obama administration is that they have taken policies far beyond even what Bush took with the TARP program; for example, with his stimulus package, with the buyouts, with the bailouts, the rescue packages, these are unprecedented in American history.

"Never before has so much phantom money been printed out of thin air, backed by nothing, producing practically nothing," Celente continued. "You don't even have to be a student of history to know the outcome of this. All you have to do is have your eyes open, and start thinking for yourself."

In his conversation with the Examiner, Celente warned with the "bubble" bursts, U.S. taxpayers will be slammed because, unlike during the dot-com bubble, the stock market bubble and the real estate bubble, they are stockholders in a long list of major companies.

He forecasts the possibility of a civil war, and says if people want to see what Main Street America will look like, they should "drive around Detroit. Look at all the blown out houses and empty neighborhoods. Look at the violence that's increasing. … Look at the types of heinous crimes being committed by people – some blowing their whole families away…"
 

Ryder

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Good article. Celente is worth listening too.
Stock market problems are wide reaching. Not just people who have money in the market. Think pension funds. Think insurance companies. Think just about any and every thing
 

alftn

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There has always beed the doom day, end of the world kinds of prople, me I am more of a opimist..I think It is going to get better...2012 is like 2000 when people went crazy over Y2K....
 

HerefordSire

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"Never before has so much phantom money been printed out of thin air, backed by nothing, producing practically nothing," Celente continued. "You don't even have to be a student of history to know the outcome of this. All you have to do is have your eyes open, and start thinking for yourself."

:shock: :shock: :shock: :shock: :shock:
 

Ryder

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alftn":3ho04zy4 said:
There has always beed the doom day, end of the world kinds of prople, me I am more of a opimist..I think It is going to get better...2012 is like 2000 when people went crazy over Y2K....
I try to be neither optimistic nor pessimistic.
Objective. That's the ticket.
 

HerefordSire

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Classic 30 year head and shoulders formation. Notice the magnitude since WWII. Strong support around 55 with minor support around 57. This means the unemployment rate is likely to get worse in the months to come or the population could drastically shrink in a short period of time (as in a war). Unemployment rate could hit 15%.

Left shoulder peaked in 1988
Head peaked in 1998
Right shoulder peaked in 2008

10 years peak to peak.


01ecoact-2.gif
 

HerefordSire

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Here is a smaller head and shoulders formation and not as classic. This one is the US dollar.

Left shoulder mid November
Head in March
Right shoulder end of May

Notice the velocity she is dropping. Look what happened in mid December....looks like the US Feds started buying dollars but they let it go down this time.


history.gif
 

HerefordSire

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alftn":dly6ywjd said:
There has always beed the doom day, end of the world kinds of prople, me I am more of a opimist..I think It is going to get better...2012 is like 2000 when people went crazy over Y2K....

You seem to be optimistic about the economy, but pessimistic about climate change. Are you an optimist or a pessimist?
 

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