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Thread: Gerald Cinente is even too 'Gloomy' for me !!!

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    Default Gerald Cinente is even too 'Gloomy' for me !!!

    from

    (snip)"And Now We're Headed For The GREATEST Depression, Says Gerald Celente

    The fake "recovery" was nice while it lasted, says famous apocalyptic forecaster Gerald Celente, founder of the Trends Research Institute. But now the fun's over, and we're headed for what Celente describes as the "Greatest Depression."

    Specifically, the always startling Celente says the country is headed for rising unemployment, poverty, and violent class warfare as the government efforts to keep the economy going begin to fail.

    The crux of the problem, Celente argues, is that the middle class has been wiped out. America used to be a land of opportunity for all, where hard-working people could build their own small businesses in their own communities and live prosperous and fulfilling lives. But now a collusion of state and corporate interests that Celente describes as "fascism" have conspired to help only the biggest companies and the richest Americans. This has put a shocking amount of the country's wealth in the hands of a privileged few and left the rest of the country to subsist on chicken-feed wages and low job satisfaction as Wal-Mart "associates" -- or worse.

    The answer, Celente says, is to bring back the laws that prevented huge companies from getting so big and powerful, and put some opportunity back in the hands of ordinary people. But doing that is going to take a while. And in the meantime, we're headed for trouble."(snip)


    However, the problem in 'farting off' Cilente's gloomy predictions is that the majority of his past gloomy predictions have turned out to be all too correct.

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    Default Re: Gerald Cinente is even too 'Gloomy' for me !!!

    Just read the comments people leave behind on web sites all over - from CNBC to yahoo finance to every where - the talk is of civil war and revolution. I am surprised to see so many so openly speaking of these things.

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    Default Re: Gerald Cinente is even too 'Gloomy' for me !!!

    If he's too gloomy for you, why is it necessary for you to post this?

    Quote Originally Posted by Melonie View Post
    However, the problem in 'farting off' Cilente's gloomy predictions is that the majority of his past gloomy predictions have turned out to be all too correct.
    Even a broken clock is right twice a day.

    He was making the same gloom and doom predictions back in 1993. Here's one good article on his nonsense:

    http://www.edrants.com/gerald-celente-futurist-fraud/

    In May he was predicting this summer would be "The Summer of Terror"

    http://nationalexpositor.com/News/2486.html

    I don't have time to waste watching his videos, but here's one person who summarized his predictions:

    http://projectavalon.net/forum4/show...mmer-of-Terror

    > We are seeing the beginning of WW III
    > 911 style 'revenge' terrorism by Pakistan
    > Revolt in Greece will spread throughout Europe
    > Plunging Stock Market will lead the U.S. into next great depression
    > Bankster Fraud
    > Chaos and economic meltdown in China
    > Get your money out of the bank
    > The importance of self sufficiency
    > Middle East situation up for grabs
    > Second American revolution coming soon.

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    Default Re: Gerald Cinente is even too 'Gloomy' for me !!!

    I posted Cilente's latest 'predictions' to try and illustrate that there are some voices out there that are talking a lot more 'Gloom and Doom' than you accuse me of expousing.

    As to the ten Cilente predictions you listed, I'd bet that the majority i.e. at least 6 of them turn out to be true over the time frame of the next 2-3 years. Not wanting to make 'excuses' but all predictions are based on assumptions that certain things will happen as they have in the past. It is doubtful that when Cilente and others were forming (supposedly) educated opinions a year ago that they envisioned the possibility of 99 weeks worth of unemployment benefits ( now extended by another 18 weeks ? ), the possibility of the US strong-arming Israeli policy re Iran and the Palestinians, the possibility of US banks being permitted to 'exchange' hundreds of billions of dollars worth of toilet paper securities and derivatives for US treasury bonds at face value, the majority of US stock exchange trades now occurring between different US financial institutions rather than individual investors, the powerhouse of the eurozone ( i.e. Germany ) agreeing to spend their own taxpayers' money to backstop Greek gov't debt, US taxpayer money being used to bail out european banks etc.

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    Default Re: Gerald Cinente is even too 'Gloomy' for me !!!

    and speak of the devil ...

    (snip)"Gerald Celente, head of the Trends Research Institute, told Yahoo!News' Tech Ticker that there's no risk of a "double-dip recession" because the first "dip" never ended.

    "We're saying there's no double dip, it never ended," Celente said. "We're looking at the Greatest Depression. There's no way out of this without [rebuilding] productive capacity. You can't print [money to get] out of it."

    Celente, who has been credited with predicting the 1987 stock market crash, the collapse of the Soviet Union and the subprime mortgage crisis of recent years, said the US and other developed countries can expect to see the sort of social unrest the world witnessed in Greece this year once government attempts to shore up the economy fail and lawmakers turn to "austerity measures" to plug gaping budget holes.

    "You're going to see it all over the world," Celente said. "What they call austerity programs ... What are they doing? They're bailing out the banks and they're making the people pay for it. And the people don't like that."

    Celente pointed to a near-riot that took place last week in Atlanta when 30,000 people showed up to be put on a [public] housing waiting list, saying that the event is a harbinger of what's to come.

    He also argued that the way unemployment is measured today masks a much larger joblessness crisis because "once you're off the unemployment rolls, you're no longer [ officially ] unemployed."

    Celente said the current unemployment rate, if it were measured as it was measured during the Great Depression, would be around 17.5 percent. And he expects that number to rise to around 22 percent in the coming years.

    "One of the good businesses to get in to may be guillotines," Celente quipped. "Because there's a real off-with-their-heads fever going on. People are really fed up."

    Celente argued that the conditions needed for an economic recovery simply don't exist. "Let's go back to the 1990s. We're in a recession. What got us out of it? The Internet. It wasn't a government policy, and Al Gore didn't invent it."

    But today, Celente argued, there are no new booming industries pushing towards economic expansion. And the US middle class may not have the right skills to take up the challenge.

    "We went from a country that used to be merchants, craftspeople, manufacturers, to clerks and cashiers," Celente said. "We have to bring manufacturing back to America.""(snip)

    from

    ~
    Last edited by Melonie; 08-21-2010 at 06:23 AM.

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    Default Re: Gerald Cinente is even too 'Gloomy' for me !!!

    From Eagle's posted article:

    But who needs rational thinking when you have the comforts of defeatism? If you really want to get your dose of passive-aggressive dystopia, just call up Gerald Celente. He’s on Line 2 and he’ll take your money when you have no faith in humanity or when you don’t have a clue about how to do your job. Have him rant in your newspaper. Give him money to advise your corporation. Above all, don’t look at history, science, or specific statistics. Because Celente will boil them all down for you with one of his seemingly pithy and mysterious predictions. And he’ll be right. Because like a trusted astrology columnist or a two-bit faith healer, Celente leaves just enough room in his answer to wiggle out. And you swallow it every time. Because you’re too scared to think for yourself, or do a background check on the guy in the lobby waving his arms.

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    Default Re: Gerald Cinente is even too 'Gloomy' for me !!!

    ^^^ right from the 'git-go' I posted that Cilente is even too gloomy for me !!! However, that does NOT mean that some of the points which Cilente raises aren't valid. In particular, his point about too many Americans having evolved into clerks and cashiers ... thus having become dependent on parasitic 'earnings' derived from ( increasingly foreign ) actual creators of new 'wealth', resonates loudly ! And his pointing out the recent near-riot over Atlanta public housing applications as a harbinger of future US reaction to increasing ( forced ) gov't 'austerity' measures didn't fall on deaf ears either.

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