Gerald Celente - The Good Days Are Over

[lostnotforgotten]

http://www.youtube.com/watch?v=9nJ7LM3iyNg

[FieldsBlank]

1. Is Celente credible?

Generally speaking, jeff rense/alex jones type guests
are full of you know what
I listened to the celente interview on rense
not even roubini or nassim is this pessimistic

this dude would have you buying rice, beans and bullets
I don't believe its coming to that

[Mnemosyne]

2. Maybe he is a 7 year or whatever year, type dude. If he keeps saying it, he will end up right sooner

or later. :shrug:

Welcome to DU, FieldsBlamk! :hi:

[clixtox]

3. Never heard of him...

I do think that it would be a reasonable idea to allocate just a few % of your assets, if you have the space, to carefully store a few hundred pounds of long lasting, fungible, nutritious, staples and start eating them, and then consistently replenishing your "bulk" pantry. Reducing your own and/or your family's food costs by using basic ingredients and actually "cooking" makes sense in this trying time.

Bullets are a moral dilemma, if you have guns then it makes sense to have a adequate, ready supply of ammo. Bullets are certainly inexpensive now... I am not a violent person, I do believe in self-defense and I wouldn't bet against a period of lawlessness and possibly chaotic anarchy ahead if our "leaders" continue to screw the people while blatantly coddling, even "bailing out" financial sector, corporate criminals.

I hope that you all have been going through your driveway, garage and storage locating those "toys" and other items you don't NEED and selling them for whatever. Consumerism is so passe! There is bound to be a period of amazing inflation, like we haven't seen before, if not a complete collapse of the US Dollar, inevitably I believe, because of our unmanageable debt levels while every financial entity is busy de-leveraging, therefore not lending.

The criminal class formerly known as "The Masters of the Universe" have dug us/themselves such a deep hole that the only way to comprehend it is to understand the astronomical "Black Hole" theory. Depending on how the de-leveraging process unwinds there could be not nearly enough ready assets extant to salvage our traditional money system.

Or it will all balance out, eventually, with just massive transfusions of our collected wealth into the deep pockets of the super-rich and uber-rich. The rapacious predators, like the Carlyle Group, are now soliciting to finance their buyout of our financial, and other assets, at mere mills on the dollar.

Hallelujah!!!

[GliderGuider]

4. He's the real deal.

He's been in the trend analysis business since 1980, with his company "The Trend Research Institute".

According to several media sources published after the events, his successful predictions include Black Monday, the fall of the Soviet Union, the 1997 Asian Financial Crisis, the quarter of the dot.com bubble burst, the subprime mortgage crisis, and the financial panic of 2008 including the statement that "corporate giants would tumble to their death."

It seems like he has a pretty good nose for looming catastrophes that other more ideologically invested people can't even see.

His current predictions of tax revolt and revolution in the USA don't seem like witchcraft or even rocket science to me.

[DeltaLitProf]

5. Would you care to print citations of these "several media sources"

Remember that it is very very easy to say you predicted a given event AFTER it happens. Where are the written reports printed BEFORE these events happened. This is the stock-in-trade of practically every predictor who appears on the Coast to Coast show or Jeff Rense or Alex Jones.

I'm not going to hold my breath for you to provide those media citations to us.

[GliderGuider]

6. Sorry, I overstepped in my enthusiasm

Nice references from the Chicago Tribune, the NYT, CBS, LAT, WSJ etc. don't speak to someone's accuracy. Especially when a forecaster has a dystopian view of the future, they need to be more than a bit of a flamboyant self-promoter to get their message heard by anybody, and Celente is no different. There's a groundswell of acceptance brewing right now for extreme negative analysis, and he's riding it. Does that mean he is wrong about what he's saying now? We'll see, but given that he's in the company of such luminaries as Roubini and Krugman I'd be disinclined to bet against him right now. Yes, he missed the oil price collapse, but he's hardly alone in that. I follow Peak Oil analysis pretty closely, and virtually everyone in that field missed it as well.

Of course, my own views are strongly coloured by the fact that I've been convinced for the last five years we can expect a collapse of much of modern industrial civilization well before mid-century. My projections draw on data from ecology, anthropology, biology, evolutionary psychology, energy trends, economics and politics, and if anything I'm even more of a pessimist than Celente or even James Lovelock. The future will always surprise us, of course, but the tightening constraints on human growth that are revealed by an open-minded, systems oriented assessment of the evidence in the fields I listed above seems to leave little room for long-term optimism. YMMV.

[wroberts189]

8. wikipedia ..you will find he could be considered psychic.

[wroberts189]

9. Take a close look at this guy ... you may feel a little dizzy after.

He will not be 100 percent accurate but what do you think will happen when the stores are empty?

No bread ..no milk

[bird gerhl]

11. He predicted the collapse of the Soviet Union!!!

(in 1991)

[wroberts189]

10. Yes

[DemReadingDU]

7. wikipedia - Gerald Celente

more about Gerald Celente
Gerald Celente is a United States trend forecaster and author, and CEO of The Trends Research Institute founded in 1980. He is noted for predicting the 1987 stock market crash and the fall of the Soviet Union.<1> Celente has appeared on The Oprah Winfrey Show, The Today Show<3> amongst other business news and morning shows.

Celente has criticized the Consumer Price Index because it does not integrate statistics for food and fuel.<11> He accuses the Federal Reserve of "jive talk" about interest rates, claiming that they are in a "rate trap" where lowering interest rates crashes the dollar and raising them crashes the economy.<11> He claims the Fed is exacerbating the economic crisis of 2008 by "bailing out their buddies with cheap money".<11>

He also believes that the general populace has more wisdom regarding the crisis than Wall Street, the media, and the political world.<11> He has repeatedly said the public should not be looking for solutions to the economic crisis from people who failed to see it coming in the first place. Celente is on record with the Hudson Valley Business Journal and UPI presswire service as having stated on November 12, 2007 that the coming year would bring the beginning of an economic crisis "the likes of which no one alive has ever seen."
more...
http://en.wikipedia.org/wiki/Gerald_Celente


I thought the video was good, Celente telling what I believe is coming down the road for all of us.