PDA

View Full Version : A knowledgeable Prediction!



MOP
12-04-2008, 05:59 PM
Pretty scary reading, but this guy has not been wrong yet!

Isn't this scary? I think we should start buying gold coins and
putting them under the mattress.

Richard


>
> 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 (http://en.wikipedia.org/wiki/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, 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 percent.
> 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
> Defense 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?

DONZI
12-04-2008, 06:26 PM
I don't know about all that.
But when i drove thru one of the small cities nearby this morning. I saw a long line of well dressed people standing out in the freezing cold w/a stiff breeze at 8 a.m. on the sidewalk. I then realized they were lined up in front of the Merrill Lynch Bldg.
I thought to myself in a lot of yrs. that i had never seen that.:confused:
Listened to the news all day and didn't hear of anything extreme.
Must be a sign of the times.





..

txtaz
12-05-2008, 06:00 AM
Phil, It will be bad but not that bad. That sounds pretty extreme to me but we are ready for whatever comes along.

If it does happen you will see the wealthy retreat into their guarded, gated communities and have memberships to private grocery stores. We would abondon our in-town house and head for the hill country and wait it out. As far as liquid assest, you should always have many forms such as cash, gold, silver and diamonds stored in a safe at your house. We keep two years of expenses worth but may increase it if the dollar crashes hard.

Da Taz<---Be prepared.

roadtrip se
12-05-2008, 09:02 AM
Credible source or not, this has got to be some of the most depressing stuff I have ever seen posted here on the NET. We can only hope he is wrong this time.

Jill and I have been knocked around pretty good the past couple of weeks from the side effects of the auto business and the economy in general.

What we haven't given up on is a little hope and a sense of humor. Call it denial, but I think we will keep it this way.

Cheers!

VetteLT193
12-05-2008, 11:11 AM
He has predicted a lot, but also has been wrong a lot.

chappy
12-05-2008, 11:51 AM
He has predicted a lot, but also has been wrong a lot.

I read he also predicted we would be at war with Iran before the end of the year. Those predictions sure sell papers though.:nilly:

mikev
12-05-2008, 12:09 PM
This one kinda opened my eyes as well. http://vimeo.com/2089382

Ghost
12-05-2008, 12:50 PM
MikeV,

Great stuff--worth every minute.

Regards,

Mike

f_inscreenname
12-05-2008, 07:03 PM
Makes you think that we need to do it but this is one patient that may die on the table.
I'm more then a little afraid that after working all my life to reach a dream (and we played by the rules to get that dream) we may end up a causality of war because of other people's f_ups.
The surgery he is talking about would kill the occupation I’m in (commercial flooring). Which at best case means I have a year to find a new occupation at 40+ and in a flooded market it would be about 18 months before the house would be up for sale. We would normally have a few years in reserve but just moving 14 months ago, the stock and the bond market in the crapper and with a major chunk of our cash savings we bought a lot (at 1/8ths of it’s value) behind the property we just moved to (paid in full for it) this plan could easily get bad quick for me.
There is another kick in the balls. Every house I have ever bought was “handy man special” or in other words, a run down dump with potential. Within months I would have equity built up in it from hard work. Finish the house right while paying out of pocket to fix them and it was not flipping unless you think as of 8 years on average as flips. Sell it. Take that equity (every penny) and move it to the next dump. This house is no different and we even predicted the housing down turn and was lucky enough to sell our townhouse at the absolute peak and buy this house on the downslide. We were ready for 10 to 15% being with the money from the townhouse gave us enough to put down almost 33% on this one.
But with the housing market worthless. The reason we bought the lot behind us was as an insurance policy if things got bad we could subdivide that lot and a 1/3 of the house’s property and sell it off as a build able lot, so much for that idea. Stocks and bonds worth less then they were 10 years ago. Invested in good solid dividend paying stocks like grand ma would have done and a few bonds to boot. Again so much for that idea. Our state taxes already went up last year. Ouch! Just found out the finance people for the house f_ed up and our mortgage will be 5% higher (in one lump sum this Feburary) due to escrow being to low for the taxes. At least it’s only for one year.
Throw in higher taxes, slower economy, 35+% drop in housing prices or the value of my house and I will be lucky not to be homeless.

Ghost
12-05-2008, 07:20 PM
Hey Mark,

I'm crankng away trying to figure out what to make of what's going on. One thinkg I think is already a certain consequence of the bailout money already allocated is that inflation is on the way. That means that with time, if the dollar takes a big enough hit, the houses most of us overpaid for will be worth the number of dollars we paid. Of course, a loaf of bread may be $15, but we won't be flipped in our houses, sort of.

I swear I think they're doing that on purpose, for exactly that reason--there are lots of toxic assets on lots of books--toxic because with falling housing values, accounting rules force them to re-assess the value of their assets. Once the dollar tanks to half its value, those books will look a lot better. Of course, that doesn't mean we won't all be poor because our dollars are worth jack.

This is why I (God help me, and all of us) put everything into gold. When the dollar ultimately gets crushed, as I think it will, I figure gold will skyrocket. Stocks are harder for me to assess. On the one hand, inflation should make the market want to climb, for companies that stay in business. On the other hand, a seriously crappy economy can kill a lot of those companies, and even set the survivors back a lot.

Now I'm shopping for things that I am convinced will not go away. Food. Power. Water rights. Whatever. I'm hoping to shift some money from gold eventually. But right now I feel like the market has a ways to drop, unless the inflation kicks in soon and makes the absolute numbers go up, even if the overall worth does not.

What a mess. I hope I know what he He11 I'm doing. I'm on my third job in 4 months...trying to hang on.

Regards,

Mike

P.S. Anyone who sees things another way, PLEASE argue with me--I am not trying to "win" an argument here--I am trying to figure out what is really going to happen and what I should do. When I vomit my thoughts out, it is to offer what I see. Trust me, I don't give a crap who is right, I just want to figure out some answers before we all get completely clobbered.

Lenny
12-05-2008, 07:27 PM
Was it not illegal to hold Gold at some time in the past ???

Curious

Ghost
12-05-2008, 07:31 PM
Was it not illegal to hold Gold at some time in the past ???

Curious

Exactly right. It was, I think, from Woodrow Wilson or so until Nixon, here in the States. Not sure about elsewhere. I've heard rumblings that it will be again, because the will want to force their BS devalued dollars down everyone's throats. (I think listed outlawing gold in a list of signs of the apocalypse, in one of my many rants, along with suppression of free speech, seizing firearms, prohibiting free assembly, etc.)

chappy
12-05-2008, 08:00 PM
http://www.austincoins.com/confiscation.htm

'33-'75.

Ghost
12-05-2008, 08:08 PM
Thanks--good info.

(F-ing government thieves. I'm doing what I'm doing specifically as a reaction to try to counteract the effects of their destructive policies. They take it away and then pay me pennies on the dollar and I'm going to be one unhappy subject.)

f_inscreenname
12-05-2008, 08:39 PM
Hey G are you buying gold bars? (Remember I know where you live:kingme:)
If you are holding paper be careful.
Here is a company. HJ Heinz (HNZ)
A great American company. Lots of great products, who doesn't eat ketchup? In bad times believe it or not people buy more ketchup. They even pay a great dividend. They have money in the bank and will be around probably as long as gold will be. Or at least as long as there is hot dogs and French fries and baseball. This is what happens to great companies in this insane market. This should be a flight to quality stock in these times just like gold.:boggled:
http://triton.imageshack.us/Himg300/scaled.php?server=300&filename=chrtsrvjo6.gif&xsize=578&ysize=480

Ghost
12-05-2008, 08:47 PM
Sadly, it's all paper for me. Probably not smart, but that's where I am.

Heinz is probably a good call. My father in law worked for them for years--I talked to him the other day and he said they sold a lot of ketchup in the Depression--people used to go into restaurants and get a glass of water, and poured the ketchup into it to make a sort of soup. Good Lord I hope we aren't going there.