(snip)"Since 1980, Celente has made at least 40 accurate predictions about major world events. In 1986, he forewarned of a major global stock market crash, which occurred the very next year, and is now commonly known as Black Monday. Throughout the 1990’s, many other forecasts came true, including the collapse of the Soviet Union, surges in global terrorism, the popularity of spiritual and new age philosophies, public backlash against globalization, upsurges in online shopping, and the 1997 Asian financial crisis, to name a select few. In the new millennium, predictions-turned-real are the correction of the dot-com bubble, the 2001 recession, emerging bull markets for gold, the rise of alternative energy, the collapse of the heavily-inflated real estate bubble, and unsurprisingly, the ‘Economic 9/11’ that we are currently witnessing.
After thoroughly reviewing the recent summer edition of Trends Journal, I learned that Gerald is now forecasting “the greatest depression” for the rest of the world, while in the US, he believes we may experience “Obamageddon.” As the definition of this witty concoction is easily apparent, its implications are thoroughly conveyed within the opening paragraph:
Here we are in 2012. Food riots, tax protests, farmer rebellions, student revolts, squatter diggins, homeless uprisings, tent cities, ghost malls, general strikes, bossnappings, kidnappings, industrial saboteurs, gang warfare, mob rule, terror.
In late July, I spoke exclusively with Gerald, whose research I have been following for several years. My personal interest in his work materialized when I was serving as a publicist for a boutique securities brokerage. In that role, I often read niche financial publications, and discovered the Trends Journal, which inspired me – a former intern to the CEO of a multibillion-dollar credit union, for whom I collected intelligence on the banking industry – to further research the interconnected world of finance and politics.
Never one to mince words, Gerald kicked off our conversation in his no-nonsense, tell-it-like-it-is approach, which millions have warmed up to over the years. A team player, he answers on behalf of his colleagues at The Trends Research Institute.
“We want to make it very clear that the policies leading to the decline of ‘Empire America’ have been long in the making,” he said. “What has happened in the Obama Administration is that they have taken policies far beyond even what Bush took with the TARP program; for example, with his stimulus package, with the buyouts, with the bailouts, the rescue packages, these are unprecedented in American history.”
"Never before has so much phantom money been printed out of thin air, backed by nothing, producing practically nothing,” Celente continues. “You don’t even have to be a student of history to know the outcome of this. All you have to do is have your eyes open, and start thinking for yourself.”
Like many, Gerald is disturbed by our government’s record-breaking creation of new fiat dollars – Federal Reserve Notes – that are literally produced “out of thin air” on behalf of a quasi-public corporation known as the Federal Reserve. These worthless pieces of paper are not backed by any commodity, such as gold or silver, even though the US Constitution mandates their use as tender in the payment of debts. As this happens, a bailout bubble is being created, and when the “monster explodes” there will be dire consequences for all of humanity.
“When this bubble bursts, unlike the financial/real estate bubble that burst, the dot-com bubble before that, and the ’87 stock market bubble before that” US taxpayers will now be on the hook for trillions in losses as our “government is [a major] equity holder in private corporations. That never existed before.”
What will cause the bailout bubble to burst? “There are a lot of wild cards that can change the game, but what I will say is that you can’t keep printing phantom money – produced out of thin air, based on nothing, producing practically nothing – without destroying the currency.”"(snip)
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