Gerald Celente Predicts GREATEST DEPRESSION starting in 2010!

[PositiveOutlook]

John_in_NC,

"Our intervention in the middle east, causes our problems. And until we are out, we will be attacked again. For you neocons on here (and I mean that in a respectful way PO) the solution to this problem is called a non-intervention policy. A policy that our founding fathers believed in."

You've got me pegged wrong, John...  I would PREFER we not be the policemen of the world...  I would PREFER we stop BORROWING money and GIVING money to countries all over the world....  I would PREFER in alot of ways that we focus on our country first...  etc., etc., etc...

I DO NOT think the welfare state is a good thing and believe it breeds servitude, corruption and destroys the very lives of the people it is supposed to help...  I believe in helping those who can't help themselves (i.e. - the truly needy)... 

I DO NOT believe in the government intervening in the free markets...  EXCEPT when theft and corruption is involved...

I DO NOT believe that we should foist our way of government on other countries...  but we should support those that want to adopt it...

I WELCOME legal immigration... and I OPPOSE illegal immigrants...

I OPPOSE war unless it comes knocking at our door, and then I believe the big stick should come out, as it helps to AVOID future confrontation...  If you pussy-foot around in the response, you INVITE more aggression...  I PREFER to never have war, but that is unrealistic as long as evil is in the world...

I OPPOSE government surveillance of its people without a warrant with probable cause...  i OPPOSE all the cameras we see all around us, and I have from the beginning...  I OPPOSE having myself or my child EXPOSED naked on a screening device at an airport, no matter the safeguards...

I BELIEVE in individual private property rights... eminent domain should NOT be used to oust someone from their home in place of a business.... it should be held ONLY for roads (if there is no alternative) or in the protection of our country...

I BELIEVE in the Constitution (original intent)...

I BELIEVE the smaller the government, the better...  I DO believe in the superiority of our government as it was originally founded, however, I believe FORCING our beliefs on other countries instead of motivating them to want to emulate us goes AGAINST our founding as a nation...

HOWEVER, when it comes to Islamic terrorism, I also PREFER NOT to have that battle fought on our soil... 


Hope that clears it up for you...   

[robdedgar]

As usual I came into this discussion a little late....

Unemployment....DOWN....It has DROPPED EVERY SINGLE MONTH since January 2009

Doubt this!  I really hope your right about all of your other quotes, but I really have my doubts about this one.  Where I think the employed are still spending some of thier money I still think the unemployment rate is growing.  I think it is way worse than at the beginning of the year.  Most of the people that are unemployed now that I know had lost thier jobs recently. 

I wish this administration would change its priorities at this time, but I dont see any improvement yet!!!

[fdjake]

JUST LOOK AT TODAYS DATA     ANOTHER improvement.....

The numbers are PUBLIC KNOWLEDGE....You can check them for yourself.....Cripes they release them WEEKLY and MONTHLY....

I look at THE NUMBERS.....If the NUMBERS say it....THAT'S IT....They say it....I could care less what DIRECTION they say we're headed because I can make money regardless of that direction.....If it's UP certain investments I have GROW.....If it's DOWN other investment I have do better...

Like I said previously.......90% of the people on this board think things will get WORSE......In my experience (mulitple DECADES of investing) when ever you get the boat leaning THAT FAR to one side.....
It's TELLING YOU SOMETHING.....The HERD is about to get DUMPED into the water!!!  The HERD is always WRONG...

They buy their homes at the greatest rates ever seen.....AT THE VERY TOP OF THE BOOM CYCLE.

The sell their STOCKS by the MILLIONS at the very BOTTOM......(Late 2008 early '09)

The buy GUNS in such numbers that prices go through the roof.  These are the same people that CAMPED OUT at Florida condo sales offices in 2006 to buy 3 or 4 PRE-CONSTRUCTION CONDOS and ended up selling them 3 years later for .30 cents on the dollar!!!!  See....The BOAT was LEANING too far....These idiots just thought the WATER VIEW WAS BETTER....until the FELL IN!!!

At EXACTLY the time (NOW) that they SHOULD BE buying every single piece of property they can?????   THEY'RE RUNNING AWAY FROM REAL ESTATE!!!!

Here's a NEWS FLASH for ya......This COUNTRY ain't going anywhere....It isn't because there's TOO MUCH the PLANET is going to need from it in the coming years........FOOD BEING NUMBER ONE!!!

FOOD!!!

There's a REASON Jim Rogers is predicting that 10 years from now FARMERS will be driving FERRARI's and WALL St. investment bankers will be just making a living. 

When you take people OFF SUBSISTANCE FARMS by the BILLIONS and put them in FACTORIES......You now have to FEED THEM....You have to keep them HEALTHY TOO....That means MEDICINE.....

China is the PERFECT example......

20 years ago in China the majority of the population lived on small farms.....If you had a GOOD YEAR no one in your family DIED OF HUNGER....If you had a BAD YEAR you lost FAMILY MEMBERS....The GOVERMENT didn't care one way or the other....

Then things changed....

FACTORIES started replacing FARMS.....People that grew their own food now work in those factories.....The GOVERMENT has a VESTED INTEREST in seeing those factories THRIVE, because if they DON'T....The GOVERMENT will have ONE BILLION very angry CHINESE PEOPLE looking to CHANGE THINGS....

SO.......How does CHINA keep their people WORKING????

They FEED THEM....Because you can't GROW your own food when you work 12 hours a day in a FACTORY....

And.....They KEEP THEM RELATIVELY HEALTHY.......They pack these people into FACTORIES....If they get SICK, the factory LOSSES MONEY...You've also MOVED them into CITIES where they live ON TOP OF EACH OTHER......Keeping these people HEALTHY is a NATIONAL SCEURITY ISSUE....

My BET is that U.S. pharma companies will see HUGE increases in drug sales as the CHINESE continue their new AMERICAN FACTORY DIETS of KFC, McDONALDS, BURGER KING, COKE, ect....

Sorry.....The DEATH of the UNITED STATES of AMERICA has been greatly exaggerated.

[propertymanager]

Like I said previously.......90% of the people on this board think things will get WORSE......In my experience (mulitple DECADES of investing) when ever you get the boat leaning THAT FAR to one side.....
It's TELLING YOU SOMETHING.....The HERD is about to get DUMPED into the water!!!  The HERD is always WRONG...

That's because many of the people on this board are not your average ignorant American.  I just heard on our local radio this morning that we're expecting a recovery this year.  That's what the vast majority of Americans think.  Remember, when everyone was saying that housing prices would go up forever, we (you, I, and others on this board) were predicting a housing bubble pop.

They buy their homes at the greatest rates ever seen.....AT THE VERY TOP OF THE BOOM CYCLE.

The sell their STOCKS by the MILLIONS at the very BOTTOM......(Late 2008 early '09)

The buy GUNS in such numbers that prices go through the roof.  These are the same people that CAMPED OUT at Florida condo sales offices in 2006 to buy 3 or 4 PRE-CONSTRUCTION CONDOS and ended up selling them 3 years later for .30 cents on the dollar!!!!  See....The BOAT was LEANING too far....These idiots just thought the WATER VIEW WAS BETTER....until the FELL IN!!!

I (and many others on this board) did NOT buy rentals at the top of the market.  In fact, I acquired most of my property during the boom at 50 cents on the dollar (and my area wasn't even a boom area).  I also did not sell stocks at the bottom, I was trading covered calls and making money the entire time.

I have bought several guns and reloading supplies, but not at retail.  I let someone else buy the gun new; put it in a drawer; and then sell it to me at a discount (still in new condition).  I've also been stockpiling food and water - cost to do so - ZERO!  The reason the cost is zero is that we rotate the food and eat it.  The only difference is that we've got canned food that dates through 2012, so we don't have to go to the grocery to survive.

I wouldn't say that the boat is leaning, I would say that the boat is SINKING due to the out of control spending by the government over the past several decades (and especially lately). 

[fdjake]

Mike, Mike, Mike.......

You're a smart guy.....I'm not lumping you in with the HERD.....YOUR TOO STUBBORN TO BE HERDED!!!!

But the FACT is.....This BOARD was LOADED with HAPPY GILMORE'S 3 years ago.....NOW it's loaded with CHICKEN LITTLES.....

Another point....I bet you 75% of the people here have never purchased a single property in their LIFETIMES.  We got guy's here that have yapped about investing in Real Estate for YEARS right on this board......But what have they DONE????
NADA......ZERO......NOTHING......Haven't even BIRD DOGGED a deal.  But they're SURE America is FINISHED????  Sorry Mike.....NOT a CHANCE.

The very same people who called me GLOOM & DOOM are NOW stock piling FOOD and buying GUNS????  They didn't have a CLUE what was about to hit them in 2006....But NOW they're RIGHT about the coming COLLAPSE of the UNITED STATES of AMERICA?????

The IRONY here is just BEAUTIFUL!!!!

Buddy........The current UNBRIDALED PESSIMISM here can mean only ONE THING............. 

WE ARE AT THE  B O T T O M!!!!

[rookieNYC]

I cut and pasted this...Like I said earlier I firmly disagree with everything that comes out fdjakes mouth but this is one point I agree with him on...Stocking food,guns and these people that buy tunnels underground in Idaho signal the bottom..We averted disaster in our economy..Im not saying there wont be bumps along the way but these doomsday predictions are getting annoying..I liken this scenario to the people who believe that 9/11 was a conspiracy,and the Mayan 2012 Doomsday prediction...All BS...Best part is the people that are preparing for the *end* will only supposedly live on a desolate earth anyway..Id rather take a dirt nap with the masses


Gerald Celente is a fear monger and clueless (PROOF)
 Quote

Bad news, GLP doom mongers: Gerald Celente usually does a very good job at removing all his NUMEROUS bad past predictions in order to highlight when he gets one right. For example, he predicts utter doom every year and waits until something bad happens to verify his predictions.

Unfortunately, one of his old articles are still up. Lets see how right Celente is when we look at his predictions from 1997:

GERALD CELENTE IS WRONG - 2000s predictions.


"Somewhere around the year 2000, the revelation--and revolution--will come. The lawn! Lawns are everywhere: millions of costly, intensively cared for suburban lawns have been doing nothing but growing grass. But a lawn that's turned into a vegetable patch can produce fresh food."

100% WRONG

"The videophone, meanwhile, will keep us in touch with faraway relatives. Today when we use the phone, we are still communicating by radio. With the addition of the videophone's visual dimension, long-distance communication will be more like television."

100% WRONG

"By the year 2000, getting and staying healthy will no longer be a hobby but a necessity for survival. The health information people need will be available; the difficulty will be distinguishing the gold from the dross. Those who are serious about their millennium resolutions to take better care of themselves will begin by checking into one of the new longevity centers springing up around the country. Longevity centers will be to health what colleges are to education--equal parts spa, health club, hospital, detoxification center, fat farm, and resort. They will be staffed with medical doctors well versed in both state-of-the-art medicine and alternative therapies, as well as nutritionists, acupuncturists, herbalists, chiropractors, and a diverse group of physical, emotional, and spiritual therapists and healers."

100% WRONG

"Another key player will be the vitamin counselor. While vitamins have been available in supermarkets and health food stores for decades, it was only in the early 1990s that it became apparent that no two people have the same nutritional needs. Effective vitamin counseling must be individualized, just like effective medical advice; a person's age, lifestyle, profession, and eating habits must be taken into account. But most mainstream physicians have had little training in nutrition, and we can't expect knowledgeable advice from minimum-wage clerks at health food stores. Vitamin counselors, on the other hand, will be multidisciplinary practitioners; they'll have a solid grounding of medical knowledge but won't need four years of medical school. By the year 2000 they will be on their way to becoming as professionalized and as respected as pharmacists."

100% WRONG

"The return of individuality will spell an end to the multibillion-dollar fashion industry The bulk of day-to-day apparel will consist of durable mass-produced casual wear. Where appearance matters, the combination of computerization and declining wages will bring custom tailoring back to an affordable price range. The result--personally designed "smartwear"--will bridge the gap between casual and formal: appearance-enhancing but comfortable."

100% WRONG

"Worker Revolts. One of the underreported stories of 1996 was the massive street demonstrations in Indonesia, where people were tired of working for slave wages. We're going to see more workers fighting for higher pay, even in developed countries. It happened in Germany when the government tried cutting pensions and health benefits. In Canada, demonstrations almost shut down the Toronto Stock Exchange--and Canadians never protest anything."

100% WRONG

"Dr. Death. This summer the Supreme Court will likely rule on physician-assisted suicide. Whatever the Court's decision, assisted suicide is becoming part of our culture. Growing numbers of terminally ill people simply don't want to live, and they will seek out euthanasia just as they sought abortions when they didn't want children. Also, as the population ages and medical costs rise, profit-hungry HMOS won't want to pay for medical care for people whose lives are nearly over."

100% WRONG

"The public is going to demand that the government break up powerful corporate monopolies. One industry that will almost certainly suffer the wrath of trust busters is health care. There are insurance companies that also own HMOs, hospitals, and drug manufacturers--the entire spectrum of medical services."

100% WRONG

"All in the Family. The flip side of the antimonopoly movement. Businesses that are family-owned and operated--or that at least give the impression of being mom-and-pop establishments--will thrive."

100% WRONG

"So the next social upheaval in America won't come from Generation X but from today's teens and preteens. They will be tomorrow's revolutionaries. And just as the boomers protested the Vietnam War, these kids are going to march against materialism and greed. They'll be driven to it for a number of reasons, one being economic. They are not going to have the same opportunities that the boomers or even Generation Xers have had. Conspicuous consumption simply won't be an option for them."

100% WRONG

So what do we have? WRONG, WRONG, WRONG, WRONG, WRONG, WRONG, WRONG and WRONG. But it doesn't matter. Because Celente tells you the doom you want to hear, GLPers will continue to eat up the dung he spews.

[rookieNYC]

Gerald Celente, Futurist Fraud
Written by Edward Champion
Posted on November 13, 2008
Filed Under Celente, Gerald, Futurism, PHonies

The crazed doom-and-gloom prophets of our world have this troubling ability to occupy the airwaves, becoming strangely confused with qualified experts. Gerald Celente is the latest soothsayer operating on his hunches — now being celebrated on Digg, Reddit, and just about every damn aggregator imaginable.

His predictions sound suspiciously similar to the storyline for Brian Francis Slattery’s excellent new novel, Liberation, but Gerald Celente, the CEO of Trends Research Institute, is determined to deliver. By 2012, Celente forecasts revolution in America, food riots, and tax rebellions. In four years, America will become an undeveloped nation. Holidays will be about food rather than gifts. Mass hysteria, dogs and cats living together. Doom and gloom.

The media — or, rather, FOX News and conservative websites — is listening to Celente because he “predicted” the 1997 currency crisis in Asia, the subprime mortgage disaster, and the dollar dipping south. But Infowars, a website run by paleoconservative radio show host Alex Jones, is basking in this dystopic news like an AIG executive riding high on Uncle Sam’s dime. What’s particularly strange is that Infowars hasn’t bothered to quibble with Celente’s statements, much less point to any of his inaccurate predictions.

How does Celente do it? From Invest in Yourself by Mark Eisenson, Gerri Detweiler, and Nancy Castleman:

According to Gerald Celente, Director of the Trends Research Institute and author of Trends 2000, the key to tracking trends is to read two newspapers every day with a purpose — either The Wall Street Journal or The Financial Times, plus The New York Times or USA Today. Look for stories with social, economic, and political significance, be it about the difficulties older suburbs face or the current currency crisis. (You’ll know by the headline or the first paragraph.) Skip the stories that are purely human interest or that are about something that hasn’t happened yet (for example, a jury resuming deliberation on a sensational trial).

When a crisis does occur, tune in to the extra in-depth analyses that you’ll find in accompanying background pieces probably in more than one of the newspapers. Read them as though you’re a “political atheist,” Celente recommends — not for what you want or hope, but for what is really going on, not only in your own profession or industry, but for trends that may directly or indirectly shape the future.

Aside from the Dale Carnegie-style language here, much of Celente’s “suggestions” seem more like a series of guidelines on how to become a successful “futurist” predicting a good deal of generalist nonsense that scares the **** out of people, using language lifted from a newspaper story’s barebones and riding on a few hunches. Of course, it also helps to have an aesthetic touch — something along the lines of a desktop covered with 12 globes, just so you can impress a New York Times reporter who comes by to write a small profile.

Since Infowars could not be bothered to perform even the most rudimentary act of journalism, the time has come to see if Celente’s record truly cuts the mustard.

■In May 1993, in a story about fiftysomethings losing their jobs written for the Orange County Register, Celente was quoted. He was advising IBM at the time during a period of downsizing. What was Celente’s golden advice? He informed displaced executives to “go for some kind of counseling.” Asked to comment on this situation, Celente offered the same doom and gloom boilerplate that he’s telling us today: “The Industrial Age is ending. All the systems are breaking down and that means disappointment and disillusionment for the people who grew up in the ’50’s.” He elaborated, “These people believed in the Ozzie and Harriet way of life. That concept is dead. So is the concept of retiring at 65.” These were hardly prescient or specific thoughts, but they were certainly dramatic enough to make it into an Orange County newspaper.
■Why not get topical? Let’s take Celente on a more specialized subject like restaurants. In 1993, Celente predicted “growing demands for take-out food, high- and low-end restaurants, and restaurants that offer live entertainment. Middle-range restaurants with mainstream fare will suffer.” Aside from the fact that Celente’s prediction accounts for about 90% of restaurants, doesn’t the fact that human beings need to eat remain a comfy ledge to launch a prediction?
■In 1998, Celente told Money Magazine that, as the population grows older, “Americans will be spending more time at home than ever before both for pleasure and business.” Imagine that. You grow old, retire, and then you suddenly have more time. How the hell did Celente know?
■In the September 21, 2000 edition of Newsweek, the great futurist weighed in on mindless chores. Why are they called mindless? “Your mind can’t be going all the time.” And when any problem becomes bigger, it becomes bigger than burnout. “It’s road rage, it’s air rage, it’s Columbine, it’s stress — and people don’t get it.” I’m wondering if it’s also the kind of impulse that will cause you to make impetuous predictions about the United States’s future.
■Asked by CBS News in May 2005 to comment upon where Dillard’s planned to go, Celente had this to say: “There is nothing Dillard’s has that you can’t find in 1,000 other places. America is vastly overstored.” Take out “Dillard’s” and sub it in with another department store chain name, and you begin to see what little Celente’s remarks say.
■But if we’re in for a future of doom and gloom, Celente has been sending us some mixed messages. He told the Associated Press in May 2005, “The bottom of the luxury market is not going to fall out.”
■Talking with the Associated Press in September 2005, Celente suggested that Wal-Mart could deflect its negative image with its philanthropy. That’s hardly a stunning insight. Any positive action has the probability of causing a company to look good. This is rudimentary probability. But what profound thoughts did our great seer tell the AP? “We try to refrain from making value judgments — what the motive is. But the fact is that [Wal-Mart was] there with trailer trucks being turned away. Amazing, isn’t it?” Amazing indeed. Presumably, the AP reporter who talked with Celente did so because the reporter needed somebody to describe the situation as “amazing” or “magnificent.” Some casual modifier that might be confused for profound thought.
■Celente was asked to weigh in on Internet trends by the San Francisco Chronicle’s Patricia Yollin in December 2006. “People are more electronically connected and less humanly connected,” opined our great psychic. And if that general piece of advice wasn’t enough, Celente also took the time to badmouth public displays of affection, pointing out how unacceptable it was to put PDA in “techno jargon.” Perhaps Celente confused PDA with another type of PDA, but what he didn’t seem to tell the reporter was that acronyms have existed long before the Internet.
Here you have a history of a man who not only makes his living spouting this generalist nonsense at corporations, but who is listened to by the media. If we weren’t all scared shitless, this wingnut would be chased out of boardrooms and newsrooms with pitchforks.

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.

[propertymanager]

RookieNYC,

I completely disagree with the assessment you provided.  In fact, many of the things you said were 100% wrong were 100% correct in my opinion.  As to the issue at hand, all that's needed to determine what's going to happen to the United States is a little common sense.  Here are the common sense facts as I see them:

1. We have a government that is spending money like it's going out of style.  Someone is going to pay that bill, which is more than $100 TRILLION dollars if you include all the unfunded mandates.

2. The country is broke as was evidenced by last year's economic fiasco.  NOTHING has been done to fix that, other than printing money out of thin air and using that funny money to bail out everything in site.

3. A huge portion of our manufacturing has been transferred overseas, along with those jobs.  Those jobs are not coming back unless our standard of living goes WAY DOWN!

4. We have an ever-increasing number of lazy deadbeats in this country that are encouraged by our socialist government to sit on their lazy butts without ever working.  We simply can not afford to pay for all these deadbeats.

5. Even though the government is promising everything to everyone, we are now approaching 50% of the population that doesn't pay income tax.  RIDICULOUS!

6. We are rapidly becoming a socialist country and socialism simply does not work.

For all these reasons, I believe that the government will collapse, along with our economy.  There is no other possible outcome.

Furthermore, I am not predicting that the world will end or anything of the kind.  None of this has ANYTHING to do with the Mayan calendar; Nostradamus; Global Warming; or any other such nonsense.  It has everything to do with a country that has lived FAR beyond its means and is about to pay the piper.