The Daily OrangeTrends Research Institute founder predicts that the worst is yet to come
By Naresh Vissa
Posted: 10/21/09, 1:30 AM EST Section: Opinion
Our society tends to take the Nostradamus-type forecasters with a grain of salt, but Trends Research Institute founder Gerald Celente's record of predictions is nearly flawless. His accurate forecasts include the 1987 stock market crash, the collapse of the Soviet Union, the 1997 Asian currency crash, the sub-prime mortgage scandal and the latest economic downturn caused by the breakdown of major corporate giants.
Dubbed as the world's greatest trends forecaster by CNN, USA Today and CNBC, Celente insists that despite the latest market bounce, and increase in consumer confidence, the economy's fundamentals are broken.
"This is a sucker's flame," Celente said from his office in Kingston, N.Y. "It's a false-flag recovery. The stimulus, bailout and buyout packages being forced on the nation, by an administration that misread how bad the economy was, will only lead to Obamageddon: The Fall of Empire America."
Celente cites the global financial system as terminally ill because it has been built on endless supplies of cheap money, rampant speculation, fraud, greed and delusion. He sees a collapse coming, and predicts that by 2012 everyone will face the truth, and we will be in the midst of the Greatest Depression of them all.
"Washington is inflating the biggest bubble ever: the bailout bubble," Celente said. "This is much bigger than the dot-com and real estate bubbles. When the bailout bubble bursts, it should be understood that a major war could follow."
The economist expects tax and food riots to pervade the country. People will be giving each other food stamps for Christmas. Crime will increase to all-time highs. Then the worst possible situation will arise: the United States of America will disunite.
"There could be a day the U.S. goes the way of the former Soviet Union," Celente said. "It's going to start breaking up because people are going to realize Washington does not have the answers."
Nonetheless, Celente's predictions are still grossly speculative. He is leading the pack during a time when "doom and gloomers" are stealing the spotlight. The attention he's getting is helping him and his business. I'd personally put down more of my money on the Mayan Calendar, which says that 2012 will mark the end of the world and the beginning of a new era.
Dubbed as the world's greatest trends forecaster by CNN, USA Today and CNBC, Celente insists that despite the latest market bounce, and increase in consumer confidence, the economy's fundamentals are broken.
"This is a sucker's flame," Celente said from his office in Kingston, N.Y. "It's a false-flag recovery. The stimulus, bailout and buyout packages being forced on the nation, by an administration that misread how bad the economy was, will only lead to Obamageddon: The Fall of Empire America."
Celente cites the global financial system as terminally ill because it has been built on endless supplies of cheap money, rampant speculation, fraud, greed and delusion. He sees a collapse coming, and predicts that by 2012 everyone will face the truth, and we will be in the midst of the Greatest Depression of them all.
"Washington is inflating the biggest bubble ever: the bailout bubble," Celente said. "This is much bigger than the dot-com and real estate bubbles. When the bailout bubble bursts, it should be understood that a major war could follow."
The economist expects tax and food riots to pervade the country. People will be giving each other food stamps for Christmas. Crime will increase to all-time highs. Then the worst possible situation will arise: the United States of America will disunite.
"There could be a day the U.S. goes the way of the former Soviet Union," Celente said. "It's going to start breaking up because people are going to realize Washington does not have the answers."
Nonetheless, Celente's predictions are still grossly speculative. He is leading the pack during a time when "doom and gloomers" are stealing the spotlight. The attention he's getting is helping him and his business. I'd personally put down more of my money on the Mayan Calendar, which says that 2012 will mark the end of the world and the beginning of a new era.
Viewing Comments 1 - 10 of 21
leigh
posted 10/21/09 @ 2:43 PM EST
yo, i'm stressed enough as it is about finding a job. stop SCURRRing me!
Jeff
posted 10/24/09 @ 12:46 AM EST
The government does not create sustainable jobs; only the private sector and private employers do. The government produces nothing, and government "jobs" are not productive: they are usually counterproductive to the economy, and certainly to the taxpayers who have to ultimately pay government "workers. (Continued…)
clark
posted 10/24/09 @ 1:11 AM EST
It seems everyone around me is listening to those economist who didn't see the pending collapse in housing who are saying everything will be rosy. Will America become like FerFal describes Argentina after its economy crashed in 2001? Some people still had jobs, but it wasn't pretty. (Continued…)
Bruce
posted 10/24/09 @ 1:40 AM EST
> "Then the worst possible situation will arise:
> the United States of America will disunite."
I think Mr. Celente, and millions of other people, might disagree with your interpretation of that prediction. (Continued…)
Henry Clemens
posted 10/24/09 @ 5:31 AM EST
Yes, Celente is correct. Vast amounts of money created out of thin air by the FED led to rampant speculation, fraud, greed and delusion." The FED is an immoral, secretive private banking cartel that serves the interests of multi-billionaire Wall Street elites. (Continued…)
george
posted 10/24/09 @ 9:29 AM EST
1) Never believe a 'forecaster' who says they are always right because they are not
2) Mal-investment is mal, you cannot say with certainty where it went until it is gone
3)The economy will get better just like the 70's for demographic reasons: the baby boomers got off their parent backs quit smoking pot all the time and went to work
4) When the baby boomers boomers quit smoking weed and go to work the economy will get another double hit: parents have more money, and the kids will have some of their own
5) I would tend to agree that war is a possibility because government is the ultimate spoiled brat and bully, it will not go down without a fight
Armageddon will always be in the future. (Continued…)
The Palmetto State Republic
posted 10/24/09 @ 12:37 PM EST
Secession is the solution to the depression Celente warns about
http://www.facebook.com/home.php?#/profile.php?id=100000276928305&v=info&ref=profile
Mario
posted 10/25/09 @ 10:07 AM EST
Celente is selling newsletters trough his website. In my opinion there are no financial experts/forecaster.
If you know for a fact that IBM is going up would you write a newseltter for the rest of the world or would you buy IBM ?
BigAl
posted 10/25/09 @ 11:17 AM EST
Celente has been predicting trends for thirty years.
He is spot on.
It is the very idea of America failing that people cannot grasp.
WE are NOT too big to fail. (Continued…)
JeffW
posted 10/25/09 @ 12:00 PM EST
The key difference of why we survived the Great Depression without sinking into the Greater Depression was the fact that in 1935 the US government actually owned almost 5000 tons of gold to back the currency and by 1939 had 10,000 tons. (Continued…)
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