Trend Alert: Gerald Celente Predicted It Would Happen.. It's Happening

This just came on the wire to Trends Journal subscribers.. What kills me is all these news agencies talking about fears of another "recession". What makes anyone think we ever came out of the last one, if that's what you call it. Talking to some older folks through the years, the synopsis is consistent:

"You know, during the 1930's, we weren't all just sitting around talking about, 'wow, this depression really stinks'. We didn't know what it was, just that things were getting progressively worse"..

Link To Celente Trend Alert...

True to form, the economic propaganda mill is churning at full speed and the media coverage is mostly “bull.” Tune into any business show, pick up any newspaper and what you will get is the economic equivalent of the notorious 9/11 advice from the authorities as people fled the World Trade Center: “Go back to your offices, the fire in the North Tower is under control.”

The “Collapse of 2011” follows four years of relentless economic decay. The combination of plummeting real estate values, intractable unemployment, and a US/European government debt crises dwarfs the banking/financial institution turmoil of 2008.

Back then, Washington and the Federal Reserve treated the critically wounded economy with trillions of stimulus dollars, low interest rates, and quantitative easing. But in 2011, those fiscal and monetary band-aids are not viable options.

It’s a tale told in chapter and verse in Trends Journals, in Trend Alerts and Trends in The News: the promised recovery was no more than a “cover-up.” We correctly forecast that gold prices would soar, the dollar would dive against the Swiss Franc, the European debt crisis would worsen dramatically, the vaunted emerging markets would submerge, and the “House made of BRICS” would not escape the turmoil.

In forecasting the collapse well in advance, Celente provided an accurate timeline and supported his conclusions with quantifiable data and in-depth analysis. However, now that the collapse is underway, history is already being brazenly reengineered, right in front of our eyes. Blaming the S&P downgrade for triggering the global sell-off/financial panic – as the majority of pundits are doing – is as bogus as blaming the onset of World War I on the assassination of Archduke Ferdinand. The downgrade was no more than the proverbial last straw that broke the nation’s financial back.

(Visit the link for the full news article).

Your thoughts?
Good day...

reply to post by rstregooski


Yesterday's numbers.

Dow Jones
11,239.77 +429.92 (3.98%)

S&P 500
1,172.53 +53.07 (4.74%)

Nasdaq
2,482.52 +124.83 (5.29%)

www.google.com...

While it would be incredibly short sighted to say we are out of hot water, at the same time, 1930 and modern day finance are different in a lot of ways.

It is still possible that the downturn does not reach the level of the Great Depression. You have to really look at how bad things were. And they were really bad...

Not saying the world is anything close to rebounding, but there is so much manipulation going on, it could turn out to be a long drawn out affair, not quite as severe as the original.

This dude didn't predict anything.

He's a quack, why take him seriously? Listen to some real economist [Robert Wenzel, Marc Faber, Peter Schiff, Robert Murphy, Jim Rogers] who understand why this stuff is going on and actually predicted it. Celente is just a real life troll, taking credit for things that he doesn't deserve.

reply to post by boncho


Those gains mean nothing to even today's numbers.


To deny what Gerald Celente said is just ignorance. He has been saying forever now that the summer of 2011 would be the deal breaker, that riots and looting would being to erupt, and the the dollar would be devalued. Not to mention the markets instability that he has been spouting about forever coming to a head Summer '11.

Everything he has said has been true thus far, and it isn't magic or rocket science, it is common sense.

reply to post by boncho


Modern day finance is different now compared to 1930??

So, wasn't the Federal reserve in control then? didn't the Fed also then control the supply of money through deflation/inflation?
Weren't the elites robber barons raping everyone then? aren't the same elites raping everyone now?

DER.YUK YUK, Its soooooo different now

keep sipping the flouride Kool-aid

Or would it be the buying on Margin? which contributed Greatly to the financial problem...Oh WAIT!!!! that happened then also...

Originally posted by rebeldog
reply to post by boncho

 

Modern day finance is different now compared to 1930??

So, wasn't the Federal reserve in control then? didn't the Fed also then control the supply of money through deflation/inflation?
Weren't the elites robber barons raping everyone then? aren't the same elites raping everyone now?

DER.YUK YUK, Its soooooo different now

keep sipping the flouride Kool-aid

Or would it be the buying on Margin? which contributed Greatly to the financial problem...Oh WAIT!!!! that happened then also...

edit on 10-8-2011 by rebeldog because: premature reply

Oh, you got me.

Now can you link me to the computers they had in 1930 that do 1000 transactions per second.

Thanks.

-Boncho