Recently by Gerald Celente: The 2nd American Revolution
Our society tends to take the Nostradamus-type forecasters with a grain of salt, but Trends Research Institute founder Gerald Celente’s record of predictions is nearly flawless. His accurate forecasts include the 1987 stock market crash, the collapse of the Soviet Union, the 1997 Asian currency crash, the sub-prime mortgage scandal and the latest economic downturn caused by the breakdown of major corporate giants.
Dubbed as the world’s greatest trends forecaster by CNN, USA Today and CNBC, Celente insists that despite the latest market bounce, and increase in consumer confidence, the economy’s fundamentals are broken.
"This is a sucker’s flame," Celente said from his office in Kingston, N.Y. "It’s a false-flag recovery. The stimulus, bailout and buyout packages being forced on the nation, by an administration that misread how bad the economy was, will only lead to Obamageddon: The Fall of Empire America."
Celente cites the global financial system as terminally ill because it has been built on endless supplies of cheap money, rampant speculation, fraud, greed and delusion. He sees a collapse coming, and predicts that by 2012 everyone will face the truth, and we will be in the midst of the Greatest Depression of them all.
"Washington is inflating the biggest bubble ever: the bailout bubble," Celente said. "This is much bigger than the dot-com and real estate bubbles. When the bailout bubble bursts, it should be understood that a major war could follow."
The economist expects tax and food riots to pervade the country. People will be giving each other food stamps for Christmas. Crime will increase to all-time highs. Then the worst possible situation will arise: the United States of America will disunite.
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.