Exclusive Interview with Future Prediction Expert Gerald Celente
by Terry Eastman
It's the end of the world as the Greater Depression hits after 2010's
failed "W-recovery"Human Events had the opportunity to interview
forecaster extraordinaire Gerald Celente, President of Trends Research
Institute, several days ago -- and the future he predicts looks bleak
indeed. In fact, as Mr. Celente sees it, the Great Depression
will seem like a mild recession as what waits for us in 2010-2011 hits
with the force of a Katrina financial hurricane. In case you're
wondering who Mr. Celente is (if this is still possible), he's appeared
-- along with his predictions -- on Oprah, CNBC, Reuters, NBC, PBS,
BBC, the Glenn Beck Show -- the list goes on an on. His Trends
Report has been successfully predicting the major future trends
impacting our lives for 3 decades, including calling the dot com crash
back in the 1990's.Mr. Celente's forecast on our impending future is
based on his study of history. He says we are bent on destroying
our currency, bankrupting our government, and unleashing a violent
citizen-against-citizen eruption as the economy collapses into chaos
and martial law fascism. Quite a claim. And God help us if
he is right -- again."We're sounding the alarm about the ongoing
downward economic cycle", Gerald told Human Events. "In 2002,
we predicted that the collapse of the American empire would fall like
the World Trade Center in a thunderous crash -- in slow motion before
our eyes. And now it's happening." Mr. Celente follows over
300 trends: family, crime, war, education, consumer &
business patterns which TRI synthesizes to predict the future. "The US
is becoming a shadow of what it used to be. Take education for
example. The OECD group of developed countries ranks quality of
life, education, health care of its member nations. The US is now
falling down the table as one piece of data after another shows America
is in decline. We're no longer Win, Place or Show in quality of
life, education, longevity... all the essentials where we used to be
#1. And our economic underpinnings are failing."
www.patriotfood.com
Mr. Celente puts part of the blame squarely on the federal government,
and especially FED Chairman Bernanke and Treasury Secretary Geithner,
and warns us not to believe a word they say "They're the same
people who didn't see it coming - are now telling us the worst is over,
that 'green shoots are spouting upwards'. But they were
wrong before. They're wrong on this too."
"When you pump out tons of money manure into this system based on
nothing - printing press paper, it's like giving a patient with a
chronic disease a pain killer -- it won't cure the patient."
"But let's go beyond the economics. Our whole Constitution has
been abrogated. The president simply writes an Executive Order to
do whatever he wants. Nationalize the banks, take over the
insurance industry, automobile industry, health care
industry... None of it is constitutional."
When did the problem begin?
"After Dwight Eisenhower -- our last great president -- the Allied
Supreme Commander in WWII - who warned us of the dangers of the
military-industrial complex. We've become completely corrupted."
"We became enmeshed in foreign entanglements. We forgot the
lesson of England - and how their global imperial overreach destroyed
their empire."
Of course, the average American doesn't think that we're an
empire. We're not like the classical empires of old -
raping, pillaging and stealing the wealth of invaded peoples.
What does Mr. Celente have to say about this?
"We're now focused on the lowest cost, the lowest common
denominator. Not the best and highest quality. We advertise
buying cheapest as the most important thing."
www.survivalistseeds.com
Mr. Celente argues that we've socially destroyed our productivity and have abandoned it to other countries.
"And we have fallen into a moral vacuum. Look at how people used
to dress. Smartly. Not like the cheap hoods of today.
Fashion now copies the lowest common denominator. Our children
wear clothes without belts, and shoes without shoelaces, to copy the
styles of the violent criminals -- who have these items removed by the
police in prison so they can't be used as weapons. That's become
the fashion statement of today's youth. Like rap music from the
ghetto. We've become an underdeveloped nation."
Mr. Celente observes that "people used to think of America as that
shining beacon on the hill with 'liberty and justice for all...'
." So what happened?
"Morality is missing from our American public
consciousness. Start with Wall Street. It's run
by a criminal gang. The only question is 'how much can you make,
how much can you steal?' At the bottom, the welfare recipient
says 'how much can I take?' And the government is in on the take."
"Morality is absolutely the issue. We had a government where we
were taught all our lives that we are a free enterprise system -- so we
depend on our own strength, our entrepreneurial ideas. The world used
to look to us for our innovative spirit."
"This is being destroyed before our eyes. And our government
has become more interventionist than any of the old empires could
imagine."
"Our society is now based on consumption -- 70% of the GDP. This
is more than we produce. So to pay our bills, we use funny money
invented in 1913 with the creation of the Federal Reserve and the fiat
dollar based on credit (debt) -- the fractional reserve system.
In 1930's you bought what you could afford. You saved up to buy
your home. The easy credit of the 90's has destroyed the
country. Now you borrow what you can't afford - and the
nation's done the same."
Mr. Celente predicts the use of printing press money will cause the "greater depression."
"I predict continuing deflation of real estate, followed by extreme
currency inflation -- ultimately becoming worthless. This is why
gold is the only honest money -- the government can't counterfeit
it. Look for it to top at least $2000 an ounce."
www.heirloomseedkit.com
"Our unemployment numbers are also bogus. For example, the
construction industry is really above 20%, and the government is
creating low-level jobs, not real jobs. The US total real
unemployment is more like 16%. Before the crisis is over, it will
reach 25% - great depression numbers."
"When people have lost everything they have nothing to lose.
Violence and crime will explode. Look at the OECD figures.
The number of people not graduating from high school is exploding --
they're wacked out on drugs. New York City will look like Mexico
City in a few years. The collapse of morality from top down --
and especially in the government -- makes it inevitable."
"What can we expect in the coming future", we asked.
"Washington has declared 'Economic Martial Law'. Wall Street is
putting Main Street out of business. The key to watch is
Christmas sales. They'll fail. Christmas will be when
reality sets in."
"Another trend we wrote about over 2 years ago was the tax
revolt. What's happened? Tax revenues have collapsed by
33%. And the wealthy people are leaving."
"We predict state secessionist movements will rival the breakup of the Soviet Union."
"The only way we can ever recover is to return to individual community,
personal responsibility, and local government. Next,
average will disappear, Quality will return. Look at GM.
Junk cars financed by junk bonds. Now owned by a junk
government. As a consumer, don't consume quantity -- consume
quality."
"How will it all end?" we queried. Will the dollar survive?
"The dot com bubble should have burst and gone away in a short sharp
recession. But the boys at the Fed re-inflated the economy by
lowering interest rates to a 46 year low -- and in turn created the
real estate bubble -- much bigger than the dot com bubble. "
"Now they're creating the bailout bubble -- which will ultimately dwarf
the real estate bubble. It will cause the implosion of the global
economy world wide -- which will not be able to be repaired by creating
yet another bubble. Every time the government fails, it tells a
bigger lie and then a still bigger lie."
www.exiledbroadcasting.com
"These previous bubbles were not allowed to pop -- but they didn't
destroy the infrastructure of the country. This bailout bubble
will."
"But this bubble will be the last one. After the final blowout of
the bailout bubble, we are concerned that the government will take the
nation into war. This is a historical precedent that's been
done over and over again."
"So, it's not that the dollar that will survive. We may not even
survive. Look at the German mess after WWI. It gave rise to
Fascism and WWII. The next war will be fought with weapons of
mass destruction."
American 'Liberal Fascism' ? Is it possible? Jonah Goldberg's bestseller raised the alarm two years ago.
________________________________________
Mr. Easton teaches University economics and is passionate about
technology and entrepreneurship. He is rosy about the long-term future:
"The glass isn't half full, it's overflowing!"
by Terry Eastman
It's the end of the world as the Greater Depression hits after 2010's
failed "W-recovery"Human Events had the opportunity to interview
forecaster extraordinaire Gerald Celente, President of Trends Research
Institute, several days ago -- and the future he predicts looks bleak
indeed. In fact, as Mr. Celente sees it, the Great Depression
will seem like a mild recession as what waits for us in 2010-2011 hits
with the force of a Katrina financial hurricane. In case you're
wondering who Mr. Celente is (if this is still possible), he's appeared
-- along with his predictions -- on Oprah, CNBC, Reuters, NBC, PBS,
BBC, the Glenn Beck Show -- the list goes on an on. His Trends
Report has been successfully predicting the major future trends
impacting our lives for 3 decades, including calling the dot com crash
back in the 1990's.Mr. Celente's forecast on our impending future is
based on his study of history. He says we are bent on destroying
our currency, bankrupting our government, and unleashing a violent
citizen-against-citizen eruption as the economy collapses into chaos
and martial law fascism. Quite a claim. And God help us if
he is right -- again."We're sounding the alarm about the ongoing
downward economic cycle", Gerald told Human Events. "In 2002,
we predicted that the collapse of the American empire would fall like
the World Trade Center in a thunderous crash -- in slow motion before
our eyes. And now it's happening." Mr. Celente follows over
300 trends: family, crime, war, education, consumer &
business patterns which TRI synthesizes to predict the future. "The US
is becoming a shadow of what it used to be. Take education for
example. The OECD group of developed countries ranks quality of
life, education, health care of its member nations. The US is now
falling down the table as one piece of data after another shows America
is in decline. We're no longer Win, Place or Show in quality of
life, education, longevity... all the essentials where we used to be
#1. And our economic underpinnings are failing."
www.patriotfood.com
Mr. Celente puts part of the blame squarely on the federal government,
and especially FED Chairman Bernanke and Treasury Secretary Geithner,
and warns us not to believe a word they say "They're the same
people who didn't see it coming - are now telling us the worst is over,
that 'green shoots are spouting upwards'. But they were
wrong before. They're wrong on this too."
"When you pump out tons of money manure into this system based on
nothing - printing press paper, it's like giving a patient with a
chronic disease a pain killer -- it won't cure the patient."
"But let's go beyond the economics. Our whole Constitution has
been abrogated. The president simply writes an Executive Order to
do whatever he wants. Nationalize the banks, take over the
insurance industry, automobile industry, health care
industry... None of it is constitutional."
When did the problem begin?
"After Dwight Eisenhower -- our last great president -- the Allied
Supreme Commander in WWII - who warned us of the dangers of the
military-industrial complex. We've become completely corrupted."
"We became enmeshed in foreign entanglements. We forgot the
lesson of England - and how their global imperial overreach destroyed
their empire."
Of course, the average American doesn't think that we're an
empire. We're not like the classical empires of old -
raping, pillaging and stealing the wealth of invaded peoples.
What does Mr. Celente have to say about this?
"We're now focused on the lowest cost, the lowest common
denominator. Not the best and highest quality. We advertise
buying cheapest as the most important thing."
www.survivalistseeds.com
Mr. Celente argues that we've socially destroyed our productivity and have abandoned it to other countries.
"And we have fallen into a moral vacuum. Look at how people used
to dress. Smartly. Not like the cheap hoods of today.
Fashion now copies the lowest common denominator. Our children
wear clothes without belts, and shoes without shoelaces, to copy the
styles of the violent criminals -- who have these items removed by the
police in prison so they can't be used as weapons. That's become
the fashion statement of today's youth. Like rap music from the
ghetto. We've become an underdeveloped nation."
Mr. Celente observes that "people used to think of America as that
shining beacon on the hill with 'liberty and justice for all...'
." So what happened?
"Morality is missing from our American public
consciousness. Start with Wall Street. It's run
by a criminal gang. The only question is 'how much can you make,
how much can you steal?' At the bottom, the welfare recipient
says 'how much can I take?' And the government is in on the take."
"Morality is absolutely the issue. We had a government where we
were taught all our lives that we are a free enterprise system -- so we
depend on our own strength, our entrepreneurial ideas. The world used
to look to us for our innovative spirit."
"This is being destroyed before our eyes. And our government
has become more interventionist than any of the old empires could
imagine."
"Our society is now based on consumption -- 70% of the GDP. This
is more than we produce. So to pay our bills, we use funny money
invented in 1913 with the creation of the Federal Reserve and the fiat
dollar based on credit (debt) -- the fractional reserve system.
In 1930's you bought what you could afford. You saved up to buy
your home. The easy credit of the 90's has destroyed the
country. Now you borrow what you can't afford - and the
nation's done the same."
Mr. Celente predicts the use of printing press money will cause the "greater depression."
"I predict continuing deflation of real estate, followed by extreme
currency inflation -- ultimately becoming worthless. This is why
gold is the only honest money -- the government can't counterfeit
it. Look for it to top at least $2000 an ounce."
www.heirloomseedkit.com
"Our unemployment numbers are also bogus. For example, the
construction industry is really above 20%, and the government is
creating low-level jobs, not real jobs. The US total real
unemployment is more like 16%. Before the crisis is over, it will
reach 25% - great depression numbers."
"When people have lost everything they have nothing to lose.
Violence and crime will explode. Look at the OECD figures.
The number of people not graduating from high school is exploding --
they're wacked out on drugs. New York City will look like Mexico
City in a few years. The collapse of morality from top down --
and especially in the government -- makes it inevitable."
"What can we expect in the coming future", we asked.
"Washington has declared 'Economic Martial Law'. Wall Street is
putting Main Street out of business. The key to watch is
Christmas sales. They'll fail. Christmas will be when
reality sets in."
"Another trend we wrote about over 2 years ago was the tax
revolt. What's happened? Tax revenues have collapsed by
33%. And the wealthy people are leaving."
"We predict state secessionist movements will rival the breakup of the Soviet Union."
"The only way we can ever recover is to return to individual community,
personal responsibility, and local government. Next,
average will disappear, Quality will return. Look at GM.
Junk cars financed by junk bonds. Now owned by a junk
government. As a consumer, don't consume quantity -- consume
quality."
"How will it all end?" we queried. Will the dollar survive?
"The dot com bubble should have burst and gone away in a short sharp
recession. But the boys at the Fed re-inflated the economy by
lowering interest rates to a 46 year low -- and in turn created the
real estate bubble -- much bigger than the dot com bubble. "
"Now they're creating the bailout bubble -- which will ultimately dwarf
the real estate bubble. It will cause the implosion of the global
economy world wide -- which will not be able to be repaired by creating
yet another bubble. Every time the government fails, it tells a
bigger lie and then a still bigger lie."
www.exiledbroadcasting.com
"These previous bubbles were not allowed to pop -- but they didn't
destroy the infrastructure of the country. This bailout bubble
will."
"But this bubble will be the last one. After the final blowout of
the bailout bubble, we are concerned that the government will take the
nation into war. This is a historical precedent that's been
done over and over again."
"So, it's not that the dollar that will survive. We may not even
survive. Look at the German mess after WWI. It gave rise to
Fascism and WWII. The next war will be fought with weapons of
mass destruction."
American 'Liberal Fascism' ? Is it possible? Jonah Goldberg's bestseller raised the alarm two years ago.
________________________________________
Mr. Easton teaches University economics and is passionate about
technology and entrepreneurship. He is rosy about the long-term future:
"The glass isn't half full, it's overflowing!"
and pay it off if you possibly can.