Gerald Celente Explains ‘Obamageddon’ Forecast Amid Call for the Great American Renaissanceby Tim Barello Recently by Gerald Celente: The 2nd American Revolution
Gerald Celente, founder of The Trends Research Institute and publisher of the quarterly Trends Journal, is a staple of news and Internet media. Dubbed “The Martial Artist of Trend Forecasting,” Celente is world-renowned for his authoritative forecasts on events in financial markets and socio-political movements. Over the past 30 years, Gerald has been interviewed and extensively quoted around the world; in the US, he has been featured in every major newspaper, and has been a guest on CBS Morning News, Glenn Beck, Good Morning America, NBC Nightly News, and The Oprah Winfrey Show, among other TV shows. Equally prominent in the blogosphere, Gerald can also be followed on social media networks like Facebook, Twitter and YouTube. I’m of course a fan of Gerald on Facebook – Nouriel Roubini and Peter Schiff, too – but let’s not get off topic. On the Internet, Celente has generated a high level of public interest; his forecasts are commonly discussed at prominent forums, as well as on websites that support conspiracy theories. Celente publishes Trends Journal four times each year; this respected publication is read by a wide variety of people, and is available through subscription. Well-written and easy to follow, its audience includes politicians, businesspeople, researchers, journalists – even Joe & Jane Twelve Pack. Offering forecasts on worldwide trends, including all things Wall Street to all things Main Street, this expert analysis is informative and empowering to the individual reader; furthermore, it is backed by the research and credibility of The Trends Research Institute, and thus, it comes highly recommended. 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:
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.” October 10, 2009 Gerald Celente is founder and director of The Trends Research Institute, author of Trends 2000 and Trend Tracking (Warner Books), and publisher of The Trends Journal. He has been forecasting trends since 1980, and recently called “The Collapse of ’09.” Copyright © 2009 The Examiner
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