I'm helping out the US economy atm since arriving in the US...I've bought a few souvenirs already...but seriously though how many times have we heard this...so no need to freak out People
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.
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.
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
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.
whats this guy been saying since 2012? You know , seeing as........
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
These predictions of a sudden collapse of society are great for pumping up the blood pressure and injecting a little adrenaline into the blood stream but really, isn't the collapse more lily to be an implosion in slow motion? Kind of like this:
I'm going to go to page 495 on the AMT home page and just randomly bump whatever thread is there.
Your post prompted me to mosey through the bowels of this section. So many names I haven't seen in ages, topics relevant at the time, some still so.
No bumping on my part though.
As to how bad things might get...sure, an apocalypse in any form could hit any time. I can be as prepared as possible barring obsessing about it, and then just live. Time spent worrying about "what if's" is time and energy taken away from appreciating the present tense.
PS to i lov it - hope you're having a blast here and feeling welcomed. Australians (not to mention Canadians) are among some of the nicest and most down-to-earth people I've met.
PPS to Last-12 - thanks for getting me all feel-good and introspective. Nice little tiptoe through the tulips.
I do believe it will happen someday. People will realize that the dollar is fiction and the U.S. will default at some point because the dollar isn't backed by anything other than debt/credit. Deficit spending is poor economic policy.
I do believe it will happen someday. People will realize that the dollar is fiction and the U.S. will default at some point because the dollar isn't backed by anything other than debt/credit. Deficit spending is poor economic policy.
Is this about the gold standard? Do you really think that gold "backs up" our dollars in any real way? It all sounds good, but what does China care if we have gold behind our currency? You can't eat gold and it doesn't protect you. Currency is only ever backed by confidence. If gold really mattered why have we not tanked yet, 40 years down the road? When the world loses confidence in America it won't have anything to do with one precious metal or another.
I do believe it will happen someday. People will realize that the dollar is fiction and the U.S. will default at some point because the dollar isn't backed by anything other than debt/credit. Deficit spending is poor economic policy.
Is this about the gold standard? Do you really think that gold "backs up" our dollars in any real way? It all sounds good, but what does China care if we have gold behind our currency? You can't eat gold and it doesn't protect you. Currency is only ever backed by confidence. If gold really mattered why have we not tanked yet, 40 years down the road? When the world loses confidence in America it won't have anything to do with one precious metal or another.
No, it will have to do with gun control.
Just thought I'd tie all these threads together.
my small self... like a book amongst the many on a shelf
A guy at work and a few reads on the internet are saying that this is it for the US, basically. He suggests that we collect non-perishables, keep any cash we can and get something to protect my self. The idea is that the Banks will collapse by the beginning of next year then all hell will break loose. I thought I was getting paranoid about going through "The great depression" (which of course I am) but these new rumors are freaking me out. Has any one heard these things, do you believe it is possible.
All societies collapse eventually. It's just a matter of hoping it doesn't happen in your own lifetime or during those of your kids, grandkids, or great grandkids (if you have any)... beyond that you should probably stop thinking about it.
With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
A guy at work and a few reads on the internet are saying that this is it for the US, basically. He suggests that we collect non-perishables, keep any cash we can and get something to protect my self. The idea is that the Banks will collapse by the beginning of next year then all hell will break loose. I thought I was getting paranoid about going through "The great depression" (which of course I am) but these new rumors are freaking me out. Has any one heard these things, do you believe it is possible.
I am transfixed.
With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
A guy at work and a few reads on the internet are saying that this is it for the US, basically. He suggests that we collect non-perishables, keep any cash we can and get something to protect my self. The idea is that the Banks will collapse by the beginning of next year then all hell will break loose. I thought I was getting paranoid about going through "The great depression" (which of course I am) but these new rumors are freaking me out. Has any one heard these things, do you believe it is possible.
I am transfixed.
I know- I stared at that thing for like 5 minutes straight. :-))
“The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
Hadn't been on the boards in a while and had that as one of my last viewed a long time ago. It was very favorable in the mid 2000s to over dramatize everything. Everyone was a fascist, every thing was a conspiracy, etc.
Hadn't been on the boards in a while and had that as one of my last viewed a long time ago. It was very favorable in the mid 2000s to over dramatize everything. Everyone was a fascist, every thing was a conspiracy, etc.
Pretty much sums it up, audome. Only now in the wake of all those conspiracy theories and news feeds run through the Cuisinart, most everything we hear is obfuscated to the point of verifying the saying that "you can't believe half of what you see and none of what you hear" -Lou Reed.
The answers, as we now know, all lie in the minds of those who make lawn mowers fly.
“The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
man it's a trip when these old threads get bumped and I have to read something I said years ago, hoping I didn't make an ass of myself in retrospect ).... Worst part is...Of all the people who commented when this was first posted, I think I'm the only one still posting here at least semi-regularly :(...(driftin graces us once in a while but this place was more fun when he was more involved). I am slowly losing interest myself. This place has lost so many good people. Not that y'all aren't great...but imagine if this place had just continued to grow all along? There were some smart mofo's on this board in the 00's.
Hadn't been on the boards in a while and had that as one of my last viewed a long time ago. It was very favorable in the mid 2000s to over dramatize everything. Everyone was a fascist, every thing was a conspiracy, etc.
Pretty much sums it up, audome. Only now in the wake of all those conspiracy theories and news feeds run through the Cuisinart, most everything we hear is obfuscated to the point of verifying the saying that "you can't believe half of what you see and none of what you hear" -Lou Reed.
The answers, as we now know, all lie in the minds of those who make lawn mowers fly.
man it's a trip when these old threads get bumped and I have to read something I said years ago, hoping I didn't make an ass of myself in retrospect ).... Worst part is...Of all the people who commented when this was first posted, I think I'm the only one still posting here at least semi-regularly :(...(driftin graces us once in a while but this place was more fun when he was more involved). I am slowly losing interest myself. This place has lost so many good people. Not that y'all aren't great...but imagine if this place had just continued to grow all along? There were some smart mofo's on this board in the 00's.
Your words are always good here, Drowned Out!
We're on a mission my friend, to keep this place propped up until more "oldies" (I can get away with saying that shit, haha!) come back plus some fresh recruits make their way here!
“The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
Well, it's time to celebrate your birthday, it happens every year We'll eat a lot of broccoli and drink a lot of beer You should be good and happy that there's something you can eat A million people every day are starving in the street
Your daddy's in the gutter with the wretched and the poor Your mama's in the kitchen with a can of Cycle Four There's garbage in the water There's poison in the sky I guess it won't be long before we're all gonna die
Happy birthday Happy birthday to you
Well, what's the matter little friend, you think this party is the pits Enjoy it while you can, we'll soon be blown to bits The monkeys in the pentagon are gonna cook our goose Their finger's on the button, all they need it an excuse
It doesn't take a military genius to see We'll all be crispy critters after World War III There's nowhere you can run to, nowhere you can hide When they drop the big one, we all get fried
(Come on boys and girls, sing along, ok?)
Happy birthday Happy birthday to you
Well there's a punk in the alley and he's looking for a fight There's an Arab on the corner buying everything in sight There's a mother in the ghetto with another mouth to feed Seems that everywhere you look today there's misery and greed
I guess you know the Earth is gonna crash into the sun But that's no reason why we shouldn't have a little fun So if you think it's scary, if it's more than you can take Just blow out the candles and have a piece of cake
I think we are actually a lot closer now to "some serious shit" that a lot of ya'll on here know. Disconnections in the markets are reaching epic proportions. Some leading indicators have already turned and turned pretty hard. The Fed swears on it's grandmother's grave that it is going to end QE3 tomorrow (yeah, we'll see about that, but probably). Stock market is stupidly high. Bond yields are stupidly low. Metals have been suppressed in an incredible fashion. New and absurd measures are now being used to prop things up ... tail-wagging-the-dog to an infinite degree ... we have things now like more shorts on the VIX than there are shares outstanding ... bascially someone\something betting VERY heavy on a SECOND DERIVATIVE instrument by shorting that instrument ... essentially betting HARD that there will be no serious market volatility in the next month. What they have effectually done is thrown all the HFT algorithms for a loop, since they treat instruments like the VIX as inputs to their algorithm, and by hammering that, they can get much bigger results in the markets.
But all this shit is getting TOO absurd. Stocks are disconnected from just about every other asset class in the world right now. And bonds ... bond rates ... just can't stay this low.
THINGS ARE GOING TO CHANGE.
I CAN FEEL IT.
Post edited by DriftingByTheStorm on
If I was to smile and I held out my hand
If I opened it now would you not understand?
Yes, I have little or no doubt that weird shit is on the horizon. We seems to have weathered these peaks and valley thus far, but for how long? Major earthquakes are usually followed by after-shocks. I'm guessing in the world of economics it's the other way around.
“The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
Comments
OK, I'll ask outright, audome.
The fuck with the post? Please to elaborate.
If not up for it, no worries.
Went for the APC route - the Outsider.
Medicated drama queen.
THAT, I get.
Ah, but which end?
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
No bumping on my part though.
As to how bad things might get...sure, an apocalypse in any form could hit any time. I can be as prepared as possible barring obsessing about it, and then just live. Time spent worrying about "what if's" is time and energy taken away from appreciating the present tense.
PS to i lov it - hope you're having a blast here and feeling welcomed. Australians (not to mention Canadians) are among some of the nicest and most down-to-earth people I've met.
PPS to Last-12 - thanks for getting me all feel-good and introspective. Nice little tiptoe through the tulips.
The answers, as we now know, all lie in the minds of those who make lawn mowers fly.
Worst part is...Of all the people who commented when this was first posted, I think I'm the only one still posting here at least semi-regularly :(...(driftin graces us once in a while but this place was more fun when he was more involved). I am slowly losing interest myself. This place has lost so many good people. Not that y'all aren't great...but imagine if this place had just continued to grow all along? There were some smart mofo's on this board in the 00's.
We're on a mission my friend, to keep this place propped up until more "oldies" (I can get away with saying that shit, haha!) come back plus some fresh recruits make their way here!
We'll eat a lot of broccoli and drink a lot of beer
You should be good and happy that there's something you can eat
A million people every day are starving in the street
Your daddy's in the gutter with the wretched and the poor
Your mama's in the kitchen with a can of Cycle Four
There's garbage in the water
There's poison in the sky
I guess it won't be long before we're all gonna die
Happy birthday
Happy birthday to you
Well, what's the matter little friend, you think this party is the pits
Enjoy it while you can, we'll soon be blown to bits
The monkeys in the pentagon are gonna cook our goose
Their finger's on the button, all they need it an excuse
It doesn't take a military genius to see
We'll all be crispy critters after World War III
There's nowhere you can run to, nowhere you can hide
When they drop the big one, we all get fried
(Come on boys and girls, sing along, ok?)
Happy birthday
Happy birthday to you
Well there's a punk in the alley and he's looking for a fight
There's an Arab on the corner buying everything in sight
There's a mother in the ghetto with another mouth to feed
Seems that everywhere you look today there's misery and greed
I guess you know the Earth is gonna crash into the sun
But that's no reason why we shouldn't have a little fun
So if you think it's scary, if it's more than you can take
Just blow out the candles and have a piece of cake
(Happy Birthday!)
And a pinch to grow an inch!
- Weird Al
Disconnections in the markets are reaching epic proportions. Some leading indicators have already turned and turned pretty hard. The Fed swears on it's grandmother's grave that it is going to end QE3 tomorrow (yeah, we'll see about that, but probably). Stock market is stupidly high. Bond yields are stupidly low. Metals have been suppressed in an incredible fashion. New and absurd measures are now being used to prop things up ... tail-wagging-the-dog to an infinite degree ... we have things now like more shorts on the VIX than there are shares outstanding ... bascially someone\something betting VERY heavy on a SECOND DERIVATIVE instrument by shorting that instrument ... essentially betting HARD that there will be no serious market volatility in the next month. What they have effectually done is thrown all the HFT algorithms for a loop, since they treat instruments like the VIX as inputs to their algorithm, and by hammering that, they can get much bigger results in the markets.
But all this shit is getting TOO absurd. Stocks are disconnected from just about every other asset class in the world right now. And bonds ... bond rates ... just can't stay this low.
THINGS ARE GOING TO CHANGE.
I CAN FEEL IT.
If I opened it now would you not understand?
Im HERE FOR YOU baby!
If I opened it now would you not understand?
Yes, I have little or no doubt that weird shit is on the horizon. We seems to have weathered these peaks and valley thus far, but for how long? Major earthquakes are usually followed by after-shocks. I'm guessing in the world of economics it's the other way around.