Gerald Celente Finally Gives a Date for U.S. Economic Collapse

The Market Oracle ^ | 5-4-2014 | Nadeem Walayat

[blam]

"I think a good chunk of inflation is on us already. Our benevolent Federal Government simply doesn't take it into account ans the MSM sure as hell aint reporting on it. It's easier to wipe numbers from the official books than talk about them. "

The first three months of this year:

The Real Inflation Fear - US Food Prices Are Up 19% In 2014

[Vermont Lt]

That’s funny.

Inflation has hit, and a lot of folks on moderate incomes are feeling it. Wait until the beef market skyrockets. A combination of the drought, followed by a horrific winter has thinned the herd. Pork is getting hit by this virus, which has killed huge numbers of hogs.

We will be eating a lot of beans by the end of the summer.

[grumpygresh]

With FATCA hitting on 7/1/14, time to buy Swiss francs? I’m going to Switzerland around that time, so I’m will need a few extra anyways. BTW, the Swiss franc is usually around parity with USD or slightly higher, but the Swiss actually have a 1000 franc note.

[Caipirabob]

It’s already hit. They just haven’t told you how much we’ve bled yet.

[BenLurkin]

I stopped buying beef a couple years ago. Can’t afford it.

[alexander_busek]

I paid more for chicken than I did for steak last week.

So what you're trying to say is: The price of steak is dropping?

Or: You bought more pounds of chicken than steak?

Regards,

[Leaning Right]

I can’t stand these stupid predictions

Wow, you are certainly missing the boat here. Instead of criticizing these predictions, you should be issuing one yourself.

Just do what the rest of them do. Pick a random date, then issue a press release: Yldstrk has calculated that the market will crash during the week of August 10, 2014.

If by dumb luck you're right, you're a millionaire. You will get book deals and a cable TV show. Folks will pay you big bucks for a monthly financial newsletter.

And if you're wrong, blame it on global warming. Wait a while, then try again.

[MaxMax]

Talk to any Commercial land agent and they’ll tell you what will happen, and when.

[Jet Jaguar]

Bump

[shibumi]

Forget Magic 8-Ball.

I have my Official Economic Prognosticator and Secret Decoder Ring Kit.

I predict that collapse will occur much sooner than Celente expects, unless factors not yet evaluated cause it to occur later, in which case it will be much later preceded by a period of inflation that will be severe unless it is mild, in which case it could be so mild as to actually be deflationary possibly even severely so.

During this time, which could last from months to years if it is severe or mild, there will be some recovery unless the recovery is overshadowed by backsliding into malaise.

Here’s the bill for my speaking fee.

[shibumi]

See post #30.

[Chode]

LOLOL!!! 100%... a true Market Maven 8^)

[caww]

...........”When a REPUBLICAN President is elected....the financial mess will hit the fan”.....

That’s how I see it also, though we may get the strong winds coming before that. Rather like a Tornado with the clouds forming....you know somethings on the way, the reports are saying all indicators point to a Tornado. But nobody knows when nor where it will hit ‘first’ nor the damage it will cause or where.

[Captainpaintball]

I was 'predicting' that if Romney won, the NWO's "Plan B" would go into effect, possibly immediately after his swearing in. If nothing happens by 2016, and a Republican wins, I will make that prediction again.

My point being is that the goal is the disassembly of the USA. Slow enough that the masses do not recognize, but surely so that it does happen. Obama being in office is the best way for them to do this, so they really do not need to do anything. Yet. If a Republican is elected, OPEC drops the $, financial attacks "necessarily skyrocket", etc. If Soros feels he is getting old and may not make it 'till 2016, then he and his folk get impatient and may do some of that stuff now. Who knows...

[DAC21]

“I expect inflation, bad inflation.

Surprised it hasn’t hit yet”

Oh it has hit, it’s just that the Goverment doesn’t factor in a lot of things in there calculation like gas.

Gas. beef and soon pork (virus killing off millions of piglets) have sky rocketed.

[lucky american]

Let me make a prediction.

There will be a collapse when the money stops flowing from Washington. The stimulus has gone on longer than even the Feds thought it would.

It won’t happen with a sudden giant sucking sound. It’ll be a slow, long, drawn out death of America.

[Grubwart]

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...” - Thomas Jefferson

Seems appropriate right now wouldn’t you say....

[sbark]

1st Qtr results will be revised downward later as always, 2nd Qtr, by the Regime accounts will be a “rebound”, but do their numbers have any cred? 2008 crash was in Sept/Oct timeframe, and I believe the 1930’s crash came in the same slot..........what a coincidence, right before an election with a Messianic figure there to claim he needs to stay for the “countries own good” of course.

[the anti-mahdi]

1913 to 2013. The dollar debased to the tune of 97%. Roughly, what cost a penny in 1913 costs a dollar today.

In 1975 I made 10.00 an hour, my mortgage payment was 179.00 PITI per month. (New construction 3 BR house, zero down on 18,000 purchase price)

House payment less than half of my weekly income.

To make the equivalent wage today, one would have to earn 43.00 an hour.

(St Louis Federal Reserve Bank inflation calculator—the figures cited are over a year old which was the last time I checked)

[blam]

"1913 to 2013. The dollar debased to the tune of 97%. Roughly, what cost a penny in 1913 costs a dollar today."

The Creature From Jekyll Island
(What happened in 1913)