Gerald Celente
Gerald Celente Video Links
New York Post: "If Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente."
Gerald Celente runs the Trends Research Institute and publishes the renowned Trends Journal. Over the last 20-30 years his institute has been correctly predicting future trends from current events.
Speaking on 17th October 2009 (You Tube) Celente explains that a defacto major recession started in March 2009 and has been hidden by government pronouncements and an ignorant media. He predicts that real unemployment will reach 20% by the end of the year and that many fools continue to invest. The stock market is being "pumped up by phantom mo ney provided out of thin air - it's a sucker's game." Gold has risen to over $1,000 an ounce, which is unprecedented. The economy will face a dangerous time once the retail statistics come out after Christmas - almost 25% will be unemployed by then and as consumer spending comprises 72% of GDP it will be a recipe for disaster. He laughs of the concept of a 'jobless recovery' liking it to being 'almost pregnant'. Further, thousands, perhaps millions, of Adjustable rate Mortgages (ARMs) will need readjustment - to higher rates that people won't be able to afford, thereby becoming 'underwater' or falling into foreclosure. Likewise the commercial real estate market that is currently being masked by bailouts from the FED. Ghost Malls already exist and vacant property in Detroit is rapidly being vandalized by arson. Worse still, the Federal Deposit Insurance Corporation (FDIC) is almost bankrupt. This is the organization that is supposed to protect deposits in banks up to $250,000. In fact, it has asked banks for loans. Already this year 100 smaller banks have gone bust and more may follow. All the government can do is to fake recovery until the walls are breeched, which will be when equity markets collapse.
Parts of the world are watching America's fall from grace in glee but they too should be worried. China, Indonesia, Singapore, Vietnam etc. anticipated global growth and have planned their markets by ramping up production. Accordingly, they will face many problems too.
Celente himself has bought a gun and trains in martial arts. He says this is in preparation for what he believes is to come - total chaos. The World Net Daily (30th April 2009) contained an article about the rise in gun ownership this year. According to the Federal National Instant Criminal Database statistics, 3.7 million background checks on gun buyers were carried out in the first three months of 2009. This means enough guns were sold to private citizens to equip the entire Chinese and Indian armies combined. Further, in December 2008 this same government operated website states that 1,529,635,000 rounds of ammunition were sold - that is, over 1.5 billion rounds in one month alone. Celente says, "When Americans lose everything, they lose it." Clearly, many Americans are not as asleep as their government would like them to be.
Celente criticizes the American people for not being politically aware; the lack of public demonstration allows the government to do what it wants. America has lost its moral authority in the world because of recent troubles in Iraq and Afghanistan. He asserts that people need to wake up and take charge of what is happening. Instead, by eroding people's rights (Patriot Act), the government is becoming more dictatorial. A case in point -- the recent G20 meeting in Pittsburgh. The government was fearful of losing control, not unlike what happens in a third world country, and martial law was called in deed if not in name. The entire city was closed down for a mere twenty leaders and their top bankers. They only went for one day! This shows that our leaders are now living in fear. Yet, the people remain docile.
Now that factories have relocated in China and elsewhere the American middle class has been all but destroyed. In order to improve the situation Celente offers some simple advice:
- We don't need Wall Street -- We need Main Street
- We don't need Wall Mart -- We need Mom & Pops
- We don't need factory farms -- We need family farms
Celente argues that America was at its height when it had Main Street, Mom & Pops, and family farms and that the only way to return to past glory is to return to the way it was - a people oriented solution.
Check out You Tube for many interesting videos by Gerald Celente.