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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: arrogantsob

Question on property tax.

I can pay the $3700 today. I can wait month by month and only pay 1% more each month up til default date of April 1.

If all hell breaks lose will anyone care who is paid up or not? Is a 1% a month gamble worth taking on the next 3 months?

Freeper thoughts please?


121 posted on 12/31/2008 8:59:08 AM PST by George from New England (escaped CT 2006; now living north of Tampa Bay)
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To: George from New England

When property taxes are unpaid most authorities can and do auction off the property for the unpaid taxes. There are all kinds of stories where some shyster buys some senile old lady’s house because she hasn’t paid the taxes. This is the method they use.

I am not really sure why you would put off paying the taxes and pay an interest rate over 12% for the privilege. Unless you have a serious cash flow problem and an anticipated windfall in the future I cannot see this beign a good idea.


122 posted on 01/02/2009 10:04:22 PM PST by arrogantsob (Hero vs Zero)
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To: arrogantsob

BTTT


123 posted on 07/29/2009 1:05:13 PM PDT by RobRoy (This too will pass. But it will hurt like a you know what.)
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To: Blue Highway
Reads like a Hal Lindsey novel. Scary for sure...

How did that Rapture back in the 70's go, anyway?

124 posted on 07/29/2009 1:06:48 PM PDT by Larry Lucido (This tagline excerpted. To read more, click on MyOverratedBlog.com)
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To: RobRoy

Gee, thanks. I just posted to year-old crap.


125 posted on 07/29/2009 1:08:21 PM PDT by Larry Lucido (This tagline excerpted. To read more, click on MyOverratedBlog.com)
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To: Larry Lucido

I don’t think it’s crap. :)


126 posted on 07/29/2009 1:10:51 PM PDT by RobRoy (This too will pass. But it will hurt like a you know what.)
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To: Michael Eden

So Israel attacked Iran last January? Who woudda known?


127 posted on 07/29/2009 6:20:47 PM PDT by arrogantsob
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To: arrogantsob

I maintain that an Israeli attack on Iran is coming, and that it will lead to the most tension since the Cuban Missile Crisis.

If that attack does in fact come, it really won’t make much difference whether someone predicted it in January, or a year or even two years later.


128 posted on 08/04/2009 10:25:46 AM PDT by Michael Eden
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To: Lancey Howard

Your Roman history is faulty if you believe those comparisons are accurate.


129 posted on 08/04/2009 10:19:45 PM PDT by arrogantsob
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To: RobRoy

The problem is that you do not know when that “day” is, who “her” is, or what the rest of the symbolic language means. But there are hundreds who will tell you exactly what it all means or so they say.


130 posted on 08/04/2009 10:29:15 PM PDT by arrogantsob
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To: arrogantsob

I dunno... It’s all Greek to me.


131 posted on 08/04/2009 10:36:16 PM PDT by Lancey Howard
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To: Michael Eden

People have been maintaining an Israeli attack is eminent for two yrs. or more. Too bad we can’t know for sure, we could make a killing buying Dow Jones index puts.

I predicted four years ago that N. Korea would be taken out by now. Ooops.


132 posted on 08/04/2009 10:46:09 PM PDT by arrogantsob
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To: arrogantsob

You are right. I do not “know”.


133 posted on 08/04/2009 11:56:23 PM PDT by RobRoy (This too will pass. But it will hurt like a you know what.)
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To: arrogantsob

I think the difference between North Korea and Iran is that North Korea HAS nukes and Iran is trying to get them.

Once a country has nukes and is believed capable of using them, they can’t be attacked. If we were to attack the DPRK, there would be a bloodbath. Hence we can’t attack them no matter how buttheaded they are.

We should do everything possible - including war - to prevent Iran from attaining that same status. And Iran is not only pursuing nuclear warhead capability, but the ballistic missile systems to deliver them wherever they want. If they get nukes, for instance, what would we do if they blocked the Strait of Hormuz? Or initiated terrorist attacks in countries around the world (the US included)? What would we do if they invaded Israel? Or Saudi Arabia? Would we truly risk a nuclear war with a country whose leaders have an eschatological belief that they need to usher in their last imam by spreading chaos and war?

Israel has had its “Sampson option,” which basically means that they will take their enemies with them. But will they allow a psycho country like Iran to get nukes? They’ve been saying, “NO way.” And the only thing that has prevented an attack is the US reassuring them that Iran won’t be allowed to get nukes.

I think they are getting to the point that they don’t believe us anymore. And I don’t think they SHOULD believe us.

North Korea’s “end” is an interesting issue. When Kim Jong Il is truly dying, will he decide to take as much of the world as he can with him? Or, after he’s dead, will the country dissolve into chaos with disputes over leadership? And just how long can a completely dysfunctional country that starves and brutalizes its own people continue?


134 posted on 08/05/2009 6:08:48 AM PDT by Michael Eden
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To: Michael Eden

Actually I do not believe the N Koreans really do have a workable bomb. There has been no test of one despite disturbing events which imply that they do.


135 posted on 08/06/2009 10:43:12 PM PDT by arrogantsob
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To: arrogantsob

Well, I’d put it this way:

They DO have a workable bomb, and have successfully tested nuclear devices several times.

They do NOT have a workable long-range delivery system, as their ballistic missile tests have demonstrated.

I don’t doubt that what you intended to say was that they don’t have a workable nuclear-equipped ballistic missile.

What is frightening about Iran is that they are well ahead of North Korea on ballistic missile devices, and also would have a significantly easier time purchasing such technology than isolated North Korea.

I wonder what will happen when Kim Jong Il gets close to death. But I believe that Iran is the much greater threat.


136 posted on 08/09/2009 4:09:58 PM PDT by Michael Eden
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To: Michael Eden

No I do not believe they have a bomb. Those tests you mention were not of a bomb per se. They were detected as suspicious activity but I have seen no concrete evidence of a real bomb. I realize their missiles are medium range at best. Iran’s missiles are capable of hitting Israel perhaps but that is about the limit of their range.

I am not trying to diminish the threat posed by these two regimes but the reporting on both is even less enlightning than most of the bilge printed by the Treason media.


137 posted on 08/10/2009 8:45:04 PM PDT by arrogantsob
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