Where do I sign up!?
Libertarian ping! Click here to get added or here to be removed or post a message here!
Posted on 11/24/2008 5:15:55 PM PST by Michael Eden
Agree. As Yogi Berra said, “It's hard to make predictions; especially about the future”.
I followed a link and found he had written last year the following:
Celente — who forecast the subprime mortgage financial crisis and the dollar’s decline a year ago and gold’s current rise in May — told the newspaper the subprime mortgage meltdown was just the first “small, high-risk segment of the market” to collapse.
Derivative dealers, hedge funds, buyout firms and other market players will also unravel, he said.
Massive corporate losses, such as those recently posted by Citigroup Inc. (NYSE:C) and General Motors Corp. (NYSE:GM), will also be fairly common “for some time to come,” he said.
He said he would not “be surprised if giants tumble to their deaths,” Celente said.
The Panic of 2008 will lead to a lower U.S. standard of living, he said.
A result will be a drop in holiday spending a year from now, followed by a permanent end of the “retail holiday frenzy” that has driven the U.S. economy since the 1940s, he said.
© 2007 United Press International, Inc. All Rights Reserved
I gather from that and the other citations from the original posted article that he may know what he’s talking about . . .
Bailing out auto is a mistake. The cars are sitting on the dock with noone buying them. So what are they going to continue to manufacture..?
A depression will turn out fine. The bigger threat is hyperinflstion. THAT would destroy the nation.
Lemme guess... This guy is way, way long on Gold and is praying for some way out of it?
I dunno, but he WAS on Coast to Coast AM the other night. Tinfoil hat time IMHO.
God only knows what will happen, but I can certainly see some of the things happening that he predicts. And he certainly seems to have credibility, based, of course, on his past predictions.
Anyway, a very worthwhile read. We should probably prepare as if some of that may occur, and just pray that it does not.
A depression will turn out fine...
Not really.
When you start hearing about people getting murdered for their groceries as they come out of the Safeway it might start to sink in.
This could be a whole different ball game.
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.
Heh. With all apologies to Art Bell who kept me company for many years of late night drives... Coast to Coast isn’t where I’d go for hard news.
And just for the record: George Noory is no Art Bell.
But it didn't show they wanted to be ruled.
It didn't show conservatives should split off Texas and pout.
It showed conservatives better suck it up and put in an effort this time or they will get an *ss kicking again and deserve it.
That's about it.
for later
Cause you been in some sort of Kosmic hole. Sorry could not resist.
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
You’re actually incorrect. I tied it into Bible prophecy; Celente did not. If he is religious, I don’t know it. I visited his website, and saw nothing to indicate he was some kind of apocalyptic thinker.
Celente in fact DOES have a great deal of popular media respect (such as CNN, CNBC, Wall Street Journal, and others) as a forecaster of political/economic events.
What I do is take what Celente is saying and point out that it is likewise what Bible prophecy is saying.
But the article is say something about the Panic of 2008. That only leaves 1 more month for the panic to begin. I don’t think that’s really going to happen so soon.
Sounds like a plan. although if it really gets really bad, I don’t know what good the cash is going to do. Cash could be worthless by then.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.