On the Edge with Max Keiser… and Gerald Celente
Previously by Gerald Celente: Recovery? How About 'Relapse'?
Gerald Celente joins Max Keiser On the Edge to discuss foreclosures, the second American Revolution, trends forecasting, and America's interventionist foreign policy.
On the government's $8,000 tax credit for home buyers, Celente states:
They suckered people into buying into a falling market with a little bit of chump change tax breaks. There are 20 million vacant homes in the United States. The foreclosure rate keeps climbing. There is no recovery. Real estate has a lot more to drop.
In forecasting trends, Celente makes connections between different fields, unlike the mainstream media that fails to draw correlations between social, political, and cultural spheres. He says America has become Snooki-stupid and over-consumes in every way.
The trends forecaster points out how the failing wars are draining the Treasury, as America is caught in foreign entanglements. He believes that when NATO, the UN, and the US start boarding Iranian ships, it will be a flashpoint for war with Iran. Celente foresees the devaluation of the US dollar more so than hyperinflation and predicts a global financial crises.
August 25, 2010
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.
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