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    RESPECTED ECONOMIST GUARANTEES ECONOMIC COLLAPSE THIS YEAR- 2010

    Carol
    Carol
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    Post  Carol Thu Jun 10, 2010 5:26 am

    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!"


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    Carol
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    Post  Carol Thu Jun 10, 2010 5:42 am

    Risks to global economy have 'risen significantly', top IMF official warns



    The risks to a robust global recovery have 'risen significantly' as many
    governments struggle with debt, a leading official from the International
    Monetary Fund has warned.Published: 9:24AM BST 09 Jun 2010













    RESPECTED ECONOMIST GUARANTEES ECONOMIC COLLAPSE THIS YEAR- 2010 G20_1653590c


    The
    G20 summit in April. 2009, was the high watermark for international
    co-operation in tackling the financial and economic crisis.










    “After nearly two years of global economic and financial upheaval, shockwaves
    are still being felt, as we have seen with recent developments in Europe and
    the resulting financial market volatility,” Naoyuki Shinohara, the IMF's
    deputy managing director, said in Singapore on Wednesday. “The global
    outlook remains unusually uncertain and downside risks have risen
    significantly.”




    Countries across Europe are under pressure to tackle their deficits that were
    deepened by the financial
    crisis
    and governments own response to it. Some economists fear that
    moves by countries ranging from Britain to Spain to rein in public spending
    at the same time will set back a global recovery.

    Stock markets have declined in the past couple of months as Europe's debt
    crisis and the prospect of higher interest rates in the faster-growing Asian
    economies cast a shadow over the recovery.

    “Adverse developments in Europe could disrupt global trade, with implications
    for Asia given the still important role of external demand,” Mr Shinohara
    said. “In the event of spillovers from Europe, there is ample room in most
    Asian economies to pause the withdrawal of fiscal stimulus.”

    Mr Shinohara, the former top currency official in Japan, added that "a
    key concern is that the room for continued policy support has become much
    more limited and has, in some cases, been exhausted.”










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    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
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    Carol
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    Post  Carol Thu Aug 26, 2010 10:01 am

    I was just listening earlier to one of Coast's guests who was talking about the American economy and one of the things he mentioned is that if you are going to do stock go with someone like Ed Jones and be sure to have it as a book entry. I think the only two stocks I would buy these days is Pepsico and Walmart. Walmart being my first choice.

    However, if there is a major CME which would wipe out the electronics... how safe is stock? There is a predicted date of 11/11 for such a CME so I just don't know if I should wait until the date has past or buy stock now... ?


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
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    Post  lindabaker Thu Aug 26, 2010 7:19 pm

    Carol: I worked for a subsidiary of Lehman Bros/American Express when they were still connected. I wouldn't recommend stock right now. Owning stock is for people who have so much money that they can afford to lose it all. If we take the worst case scenario, and plan that the electronics will go down for a while, and we will have major earth changes, and a currency crisis, etc. then this is what might be wise: a nice ranch somewhere like in Oregon Very Happy and pay it off if you possibly can.

    Don't have any debt.

    Have some cash in small bills.

    Get some silver. Buy coins, but not the collector ones. You will be surprised at how much money buys so little pure silver, or 99 percent silver. You could spend thousands on a couple of bags of silver. Put it in a safe and let it become more valuable.

    If after the next seven years or so we see that all of this earth change/economic downturn/ solar disruption stuff did not come true, you will still have the silver. You might have made money in the market, but probably not. Only the insiders find out what stock to buy in order to make good money. The rest of us just creep up on the coattails of those who knew the score ahead of time. Remember Goldman Sachs!

    Those brokers make fabulous commissions...and that comes out of your net profit.

    Please don't do this just because I said it...do some research on buying silver. Gold has some karma attached to it, especially for those of us in the Americas. Right now, it might be overpriced compared to silver. Jewelry is also good, but harder to sell gemstones if they are really large and valuable. Also, diamonds are not worth what people think they are worth...do not invest in them right now, just colored stones.

    Hmmm.


    Carol
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    Post  Carol Fri Aug 27, 2010 9:21 pm

    Sounds like a plan Linda. I do have silver and gold. No stock. The farm is paid for in Oregon. The ranch in Hawaii, not. There is also the gold one dollar coins now and a lot of silver 50 cent pieces which I'm going to get as well. I really appreciate your post as it helped guide me in some upcoming decisions. Thank you so much. cheers


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol

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