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Celente: U.S. Has Entered “The Greatest Depression”

hypocritexposer

Well-known member
Celente: U.S. Has Entered “The Greatest Depression”

Paul Joseph Watson
Prison Planet.com
Tuesday, March 3, 2009

Celente

Trends research analyst Gerald Celente, who has risen in prominence on the back of his deadly accurate economic predictions, says that the collapse of financial markets heralds the start of “The Greatest Depression”.

In his latest Trend Alert bulletin, Celente attacks mainstream pundits who falsely predicted a market bottom and the start of a recovery, noting that conventional analysts have been proven “dead wrong” again and that, “There will be no turn around in the second quarter of 2009 or 2010 or 2011.”

“The global financial system, built on endless supplies of cheap money, rampant speculation, fraud, greed, and delusion is terminally ill and will not be coaxed into remission by stimulus packages nor restored to health by government buyouts and bailouts,” writes Celente.

The most positive prediction that Celente makes is that the Dow will not reach zero, a tongue in cheek reaction to yesterday’s record plunge which saw the Dow rolled back to 1997 levels well below 7,000.

Celente warns that the first signs of real panic are starting to set in, unrest that will cause governments to “take draconian measures to prevent total economic collapse and public panic.”

“Expect massive bank failures, runs on banks, and bank holidays,” writes Celente. “Even if deposits are FDIC insured, quick access to money is by no means assured. At minimum, have reserves on hand for emergencies,” he forecasts.

Celente cites gold as one of the few investments that will continue to rise in value, eventually reaching $2,000 an ounce and beyond.

Celente’s dire forecasts were initially scoffed at by the media but as the crisis has worsened, his credibility has soared.

Celente, who successfully predicted the 1997 Asian Currency Crisis, the subprime mortgage collapse and the massive devaluation of the U.S. dollar, told UPI in November 2007 that the following year would be known as “The Panic of 2008,” adding that “giants (would) tumble to their deaths,” which is exactly what we have witnessed with the collapse of Lehman Brothers, Bear Stearns and others

http://www.infowars.com/celente-us-has-entered-%E2%80%9Cthe-greatest-depression%E2%80%9D/
 

hypocritexposer

Well-known member
What's his axe to grind. His predictions unbiased to political affiliation!

Check him out

http://trendsresearch.com/

http://www.youtube.com/user/GeraldCelenteChannel
 

Sandhusker

Well-known member
reader (the Second) said:
Gold prices lost more ground Tuesday as investors refrained from making big bets in nearly all markets

As in today...

So he's not such a great crystal ball reader, is he?

I hear that this is the 6th straight day that gold has declined :wink:

Your ignorance of the financial markets and investing is showing again, Reader. If you don't know the basics, stay on the kiddy table.

What was gold on the day that Maobama was elected?
 

hypocritexposer

Well-known member
Have you watched the videos that this article is talking about?

Were they done in a way to scare people or prepare people for possible scenarios?

Is it a good or bad thing to know possible scenarios?

Same well? Kook?



If Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente. — New York Post


When CNN wants to know about the Top Trends, we ask Gerald Celente. — CNN Headline News


A network of 25 experts whose range of specialties would rival many university faculties. —The Economist


Gerald Celente has a knack for getting the zeitgeist right.— USA Today


There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about. — CNBC


Those who take their predictions seriously ... consider the Trends Research Institute. — The Wall Street Journal


"You’re always terrific." — Oprah Winfrey


"A guy that obviously knows his trends." — Bill O’Reilly


"Our favorite Trend Forecaster, Gerald Celente."— Miles O’Brien


Gerald Celente is always ahead of the curve on trends and uncannily on the mark ... he's one of the most accurate forecasters around. — The Atlanta Journal-Constitution


Mr. Celente tracks the world’s social, economic and business trends for corporate clients. — The New York Times


Mr. Celente is a very intelligent guy. We are able to learn about trends from an authority. — 48 Hours, CBS News


Gerald Celente has a solid track record. He has predicted everything from the 1987 stock market crash and the demise of the Soviet Union to green marketing and corporate downsizing. — The Detroit News


Gerald Celente forecast the 1987 stock market crash, ‘green marketing,’ and the boom in gourmet coffees. — Chicago Tribune


The Trends Research Institute is the Standard and Poors of Popular Culture. — The Los Angeles Times
 

Sandhusker

Well-known member
reader (the Second) said:
Enough for me to know that Celente is affiliated with the right wingnut conspiracists who are trying to provoke civil unrest.

My research tonight shows me that you all go to the same well over and over, that there is a group of right wingers fringe nuts who you cite who pat each other on the shoulder and wish harm to my nation.

They make me sick to my stomach. That's why I would not cite Celente as a credible person. He clearly does have an axe to grind or is a kook or he would not have been so irresponsible to appear on this Fox show.

I'll bet he will tell you that YOU and your ilk are the one who will cause this nation harm, and I'd wholeheartedly agree with him.

April gold closed at $760.80 on the day Messiah was elected. It closed at $913.60 today - after that six day slide that you think means something. That's a gain of about 20% in 4 months. Would you like me to annualize that return for you?
 

hypocritexposer

Well-known member
Guest Gerald Celente, a “trends forecaster,” made it clear he thought the situation was less a “what if” and more a what will be. “New York City looks like Mexico City,” he asserted in the present tense, where anyone who appears to have money is a target for kidnapping.

This comment was based on a certain scenario, in that scenario, it would be a "will be", and not a "what if"

If you would research things before speaking, you'd gain more credibility!

Or just keep your head firmly planted in the ground, and be totally unprepared for what if's!

Risk assessment is a step in a risk management process. Risk assessment is the determination of quantitative or qualitative value of risk related to a concrete situation and a recognized threat (also called hazard)

As in Economic collapse vs food riots
 

don

Well-known member
it will be the same as with any other prognosticator - right about some things, wrong about others and he'll do his best to polish his track record.
 
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