Prepared Society Forum banner

Financial Forcasting

4058 Views 8 Replies 7 Participants Last post by  AgentFlounder
I received a copy of this in my email. I am not sure if I should believe it or not, but, I did some research into the guy who supposedly wrote this, and, it seems legit enough.

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 recently told Fox News.

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 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."

"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
1 - 9 of 9 Posts
Do you really buy it? The squatters are going to band together?
Do you really buy it? The squatters are going to band together?
Here in Canada, there was a whole town built on the west-coast of squatters. They lived and worked and such there - because of the great surfing. The government tried to move them because a developer wanted the land to build some kind of resort. These squatters claimed rights to the land because they had been there well over 20 years.

Last I heard, it was in the hands of the lawyers and courts - I am not sure how it is turning out right now. Yes - the squatters banded together.
What town is that Naekid? Interesting story.
I don't doubt these predictions for the most part will come true, but I pray they don't.
Reason is we have been living at high standard for a long time now on the value of the almighty dollar and the dollar is in danger of losing its throne and falling way down in value in the global marketplace. When and if that happens, there will be great hardship. That's what all the fear in Washington is about, but they dare not utter it. The dollar used to be based on our industrial and agricultural strenght, for quite some time now that basis has not existed. Yes we still have agriculture, but the rest of the world has caught up and the industrial base has moved overseas to a large extent. The brick wall is dead ahead, prepare as much as you can for it.
The meltdown

This government has printed over 7.5 trillion dollars in the past 4 months, fiat money with nothing backing it up. The story from Washington changes all the time, I do not trust them. Something is going on behind the scenes, and it is not good. And in January 2009 the USA will have a one party rule.
What town is that Naekid? Interesting story.
I found a link to a .pdf of a movie that was made about it, but, I haven't been able to dig up much more (yet). I'll keep looking, and, I'll ask my brother if he has more details that he can share (he lives in that area).

I found another link to a .html with some other details:
This government has printed over 7.5 trillion dollars in the past 4 months, fiat money with nothing backing it up. The story from Washington changes all the time, I do not trust them. Something is going on behind the scenes, and it is not good. And in January 2009 the USA will have a one party rule.
This is a cross post, but it's my cross post from a different forum, so I think I'm OK here.:D It also seems a bit convoluted, but I answered and then did some research and answered again.

Actually, who needs a press. Just add some zeros in the electronic balance sheet. Boom a trillion dollars. I remember reading a few years ago that was no more than about $650 Billion in actual currency. I then heard they expanded it another $100 Billion later. I found this info on the Treasury site, but I no longer find it. So even if there is a Trillion in actual currency, most don't need it to conduct transactions. As to how fast it really can run if they ran it 24X7, I wouldn't even be able to guess.

I did a little research and found a Treasury cartoon for kids. They say 38 Million notes go through the Bureau of Printing and Engraving a day with a face value of $641 Million a day. Doing the math that is $16 a note. Of course we don't have that, so I am assuming that it means all denominations. So if they have enough plates for every note to be a $100 that could be $64.1 Billion a day!

I found a different fact on it. They print 38 Million notes a day with a face value of $750 Million and in 2007 9.1 Billion notes were produced. They claim 95% of notes printed are to replace old notes.
See less See more
That sounds super scary. Sets off my skeptic flag. I have been drawn into FUD before and I am trying to be wiser about what I buy into.

So... whenever this sort of thing pops up I research (a) or other urban legend debunking sites (b) research the guy himself and see what others have to say and if they are logical or hysterical. If they seem mostly level headed and logical, then I can put some weight on their viewpoint.

On point (a) I guess GC really predicted this from what I could tell at first glance. But this site also turned up some debunking articles. Interesting.

On point (b) I did a little research on Gerald Celente to see if anyone was out there debunking him. Gerald Celente, Futurist Fraud : Edward Champion's Reluctant Habits Seems relatively intelligent. The slant and arm waving made me wonder a little, but the arguments seem worth noting.

From snopes, here's another one. Skipping past the digs at Fox News and infowars, he presents a number of predictions that GC got wrong -- in a fairly level headed way. Today's forecast: Gloom followed by increasing doom - Computerworld Blogs --- so ok, that is well worth noting.

Also cited was this: Lou Minatti: Gerald Celente is full of crap which presents evidence that GC got a lot wrong, too. The initial paragraph is slanted rhetoric, but the facts are worth noting I think.

So with the above, I can only approach these GC predictions with pretty significant skepticism and disbelief. In other words, I am not going to get all spun up into that addictive mindset of fear and paranoia.

I don't doubt that we are in for hard times as a country once again. 60 minutes had an article on a guy who made predictions about the housing / lending markets suggesting that we're not quite over the hump yet. Seemed plausible. I believe there are things that could cause mass panic -- which is what would send the economy into a spiral. After all, it's all about the masses and how they (over)react.

But, I feel reasonably prepared and very fortunate -- financial investments are to my satisfaction, we have savings, I seem to have more job security than I've ever had before (although anything can happen). I prefer to be very thankful, right now, rather than wrought with fear over what is to come.

See less See more
1 - 9 of 9 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.