The notorious character "Humongous" from the "The Road Warrior" film. Visions of the future economy. All he wanted was some gas for his chopper, so he took matters into his own hands.
The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting a 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 publisher of the Trends Journal which forecasts and analyzes business, socioeconomic, political, and other trends, and is renowned for his accuracy in predicting future world and economic events which can send a chill down your spine.
Celente says that by 2012 America will become an underdeveloped 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, adding that the situation would be "worse than the greatdepression" said.
"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 than putting gifts under the Christmas tree."
Celente also said.
"America's going to go through a transition the likes of which no one is prepared for."
He notes 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 sub-prime 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. The middle classes could become a revolutionary class."
In a separate recent interview, Celente went further on the subject of revolution in America. He said.
"There will be a revolution in this country. 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 i t: 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."
He goes on to give us a horrid look into the future of America.
"The first thing to do is organise 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.
- CNN Headline News: "When CNN wants to know about the Top Trends, we ask Gerald Celente."
- USA Today: "Gerald Celente has a knack for getting the zeitgeist right."
- CNBC: "There's not a better trend forecaster than Gerald Celente. The man knows what he's talking about."
- The Wall Street Journal: "Those who take their predictions seriously ...consider. Gerald Celente and the Trends Research Institute."
- The Atlantic Journal-Constitution: "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 New York Times: "Mr. Celente tracks the world's social, economic and business trends for corporate clients."
- 48 Hours, CBS News: "Mr. Celente is a very intelligent guy. We are able to learn about trends from an authority."
- The Detroit 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."
- Chicago Tribune: "Gerald Celente forecast the 1987 stock market crash, 'green marketing,' and the boom in gourmet coffees."
- The Los Angeles Times: "The Trends Research Institute is the Standard and Poor’s of Popular Culture."
- New York Post: "If Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente."
So there you have it - hardly a nut job 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.
COMMENTARY: Gerald Celente reminds me of a fast talking Atlantic City bookie, laying odds on the Super Bowl, than a professional trends expert and visionary, but you cannot deny the accuracy of many of his predictions since he started in 1980.
You don't have to be a noted economist to make these predictions. The evidence of a U.S. financial collapse are all around us. I have written extensively on different aspects of the U.S. and world economies, including:
- The Real Estate Shadow Inventory.
- Potential for a Second Real Estate Bubble and continuing real estate turmoil through at least 2015.
- The Housing Armegeddon in 2011.
- The Commercial Real Estate Bubble.
- U.S. Poverty Levels.
- The Financial Meltdown of September 8, 2008.
- The Trade Balance Rankings (U.S. ranks dead last).
- The potential for a Student Loan Bubble.
- Why high unemployment due to the Great Recession has forced millions of college graduates to live with mom and dad again.
- A prediction by the head of the International Monetary Fund or IMF of a global depression due to the debt problems in the EU and U.S.
In a blog post dated July 6, 2011, titled "The Root Causes Behind Today's High Unemployment Situation, And Why This May Not Change Anytime Soon," I showed in great detail why unemployment will continue to remain high. This is a must read for any pessimists who believe we are out of the woods.
The symptoms are everywhere around you. In February 2011, I wrote about the impending Peak-Oil Crisis, a catastrophe we will all face because the demand for oil will exceed production (peak-oil). If you have noticed a rapid rise in the price of gas, that's what I am talking about.
The Arab Spring Revolutions which erupted in North Africa and Middle East saw the overthrow of long standing dictators in Egypt, Libya and Tunisia, a bloddy revolution in Syria which continues to this day, and unrest and demonstrations in Jordan. All of these events have created further instability in the oil rich regions of the Middle East and North Africa.
Adding fuel to the fire is the refusal of Iran to end its illegal nuclear weapons program in defiance of the U.N. and AEIA inspectors and boycott resolutions, and threats to destroy Israel and further threats to the West that it could close the Straits of Hormuz, adds further tensions and instability to the free flow of oil from the Middle East to the rest of the world.
This is not just a U.S. problem, but it is global in scale. We all know about the financial collapse of several European countries, namely Greece, Spain, Portugal and now Italy, but major developed nations like Japan are on the brink of financial collapse. Standard & Poors recently reduced the credit ratings of France, Greece, Spain, Portugal and Italy. This will make it doubly difficult for these countries to raise funds and pay their longterm sovereign debt when it comes due.
In a blog post dated January 7, 2012, I told you about passage and signing by President Obama, of the National Defense Authorization Act or NDAA (H.R. bill 1540), which effectively gives the President the power to use our military in purely civilian matters. Though the wording in the NDAA is itself torturous -- and there is a provision for a waiver from the Defense Secretary regarding mandatory military detentions -- the elasticity of words like "associated forces" and "supported" have left some civil libertarians worried that the U.S. military could be deployed domestically against people opposing future American wars against alleged "terrorists" or "terrorist states." In effect, this new NDAA law could lead to a police state, in which you could be detained as a "person of interest" or labeled as a "traitor" simply for demonstrating against future wars. You could be held for an indefinite period of time, denied rights of habeaus corpus and you would disappear into some detention camp never to be seen again. Does the U.S. government believe that civil law and order will collapse during a revolution? Why would the politicians pass such a devisive law and destroy your civil and legal rights under the U.S. Constitution unless they are planning for something?
Finally, in a blog post dated January 9, 2012 (reposted), I told you about the booming demand for underground "Apocalypse" bunkers by the rich and powerful. They are the so-called 1 percenters with the financial means to protect themselves in the event of a natural catastrophe, or maybe a revolution, perhaps? These wealthy individuals are well connected and are the largest doners and supporters to both major political parties. Why would they be willing to pay many thousands of dollars unless they knew something truly bad was about to happen? While the 99 percenters experience an all-out revolution, these rich and powerful individuals will live in absolute luxury and comfort in plush deep underground bunkers protected from the chaos above ground.
It does not surprise me then why Mr. Celente predicts a "violent revolution" and that "food will become more important than Christmas". There is a lot of anger out there. The roots for the emergence of a third party are already here. The Tea Party could emerge as that Third Party. The Tea Partyreflects a lot of that anger, although I don't agree with much of their radical politics, including their racism reflected in their personal hate for President Obama. The Occupy Wall Street movement has expanded across the country. Major demonstrations are planned in 2012 in many major cities.
Courtesy of an article dated January 30, 2011 appearing in Before It's News
Apparently Mr. Celente wasn't aware of TWO extra parties: the Constitutionalist and the Libertarian. Yet NOBODY seemed to care or even be aware about them and their debates staged in the last two days before the election. They were all
fixated on the (personal not political) contest between Obama and Romnney; as if those were the only two candidates around. The problem is in the American character, which doesn't so much care for complex political issues further complicated by numerous factions, but for personal conflict and competition. In other words, most people are subjective NOT objective. And what happened to the 2012 social doomsday?
Posted by: Richard Demuth | 02/25/2013 at 03:54 PM