Econmonic collapse..

[Strapped]

For those who don't know who Gerald Celente is, here's some info.

He is a very smart man who is pretty dead on with his forecast.

Listen to the vids.. Americas future doesnt look good.


http://en.wikipedia.org/wiki/Gerald_Celente

Gerald Celente
From Wikipedia, the free encyclopedia

Gerald Celente (born November 29, 1946) is a United States trend forecaster, publisher of the Trends Journal, business consultant and author who makes predictions about the global financial markets and other events of historical importance. Celente has described himself as a "political atheist" and "citizen of the world." He has appeared as a guest on television news shows such as The Oprah Winfrey Show, The Today Show, Good Morning America, CBS Morning News and NBC Nightly News.


Background
Celente was born in The Bronx, New York City, New York. He had early political experience running a mayoral campaign in Yonkers, New York and served as executive assistant to the secretary of the New York State Senate, which Celente called the worst job he ever had. From 1973 to 1979 Celente traveled between Chicago and Washington D.C. as a government affairs specialist. In 1980 Celente founded The Trends Research Institute (at first called the Socio-Economic Research Institute of America), now located in Kingston, New York, publisher of the Trends Journal which forecasts and analyzes business, socioeconomic, political and other trends.

[edit] Forecasting
An article in the Washington Times has claimed "Celente's accurate forecasts include the 1987 stock market crash, the collapse of the Soviet Union in 1991, the 1997 Asian currency crash" and "the 2007 subprime mortgage scandal." His forecasts since 1993 have included predictions about terrorism, economic collapses and war. More recent forecasts involve fascism in the United States, food riots and tax revolts. Celente has long predicted global anti-Americanism, a failing economy and immigration woes in the US. In December 2007 Celente wrote, "Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities ... whatever the spark, the stage is set for panic in the streets" and "Just as the Twin Towers collapsed from the top down, so too will the US economy ... when the giant firms fall, they’ll crush the man on the street." He has also predicted tax revolts. In November 2008 Celente appeared on Fox Business Network and predicted economic depression, tax rebellions and food riots in the United States by 2012. Celente also predicted an "economic 9/11" and a "panic of 2008."

In 2009 Celente predicted turmoil which he described as "Obamageddon" and he was a popular guest on conservative cable-TV shows such as Fox News Sunday and Glenn Beck's news program. In April 2009 Celente wrote, "Wall Street controls our financial lives; the media manipulates our minds. These systems cannot be changed from within. There is no alternative. Without a revolution, these institutions will bankrupt the country, keep fighting failed wars, start new ones, and hold us in perpetual intellectual subjugation." He appeared on the Fox/Glenn Beck show and criticized the US stimulus plan, calling government controlled capitalism "fascism" and saying shopping malls in the US would become "ghost malls." Celente has said, "smaller communities, the smaller groups, the smaller states, the more self-sustaining communities, will 'weather the crisis in style' as big cities and hypertrophic suburbias descend into misery and conflict," and forecasts "a downsizing of America."

[ehidle]

1) There is no such thing as a "political athiest"

2) The things that give him credit as a "visionary" in prediction are things that anyone with half a brain saw coming well in advance.

Any system whose monetary unit of measure is not based on something with real value will ultimately collapse. If I have something you want, the only reason for me to accept unbacked paper currency for it is because of the guarantee that I can then trade that paper currency for something that I need. The moment the confidence in that guarantee goes away, the system immediately and catastrophically fails.

The ONLY confidence in US paper currency is the "full faith and credit" of the Federal Government. The Government is proving in leaps and bounds with this administration ( and the last several before it ) that it cannot be trusted. When trust in our government fails, the trust in our SYSTEM of government fails shortly thereafter, and then, finally, anything backed by the "full faith and credit" of that system is suddenly worthless.

So, anyone who thinks we're NOT on the road to an abrupt and catastrophic collapse is burying their head in the sand. We averted that very disaster precisely one year go when the world allowed us to "max out our credit cards" for one last shot and getting things in order. Now, we are tapped out. Too many more bailouts, and the world will no longer have faith that our government is viable, and our currency will then be immediately worthless everywhere.

[pennsyltucky]

excellent post. while i may not agree on the severity of the timeline, i certainly agree that the path we are on doesnt continue forever. no civilization before us has lasted, and this one is no exception.