Celente predicts super depression 2012, page 1

Celente predicts super depression 2012

www.examiner.com

Trend forecaster Gerald Celente has been getting a lot of attention lately.

Celente predicts tax revolts, food riots and a level of criminal activity like we've never seen.

As Mr. Celente correctly points out, during the Great Depression of the '30's we didn't have the level of debt we're dealing with today. Also, we had the strongest manufacturing base in the world. Today, we do not have that capacity, we've regulated away our ability to create it.

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Celente's track record is very impressive.

His apparent indifference to political ideology makes his trend research and forecasts worth careful consideration.

He has a good track record, predicting the crash of '87, the rise of Starbucks, the bail out frenzy, among others. Now he's forecasting a super-depression come 2012.

Are we ready?

jw

www.examiner.com
(visit the link for the full news article)

reply to post by jdub297

---

He has been accurate quite a bit, and he has also been wrong several times as well.

I wouldn't go betting the farm on this.

But what if it did happen...

All bets would be off an anything you deem a priority today would quickly disappear and be replaced with new ones...

New Heaven and New Earth anyone?

reply to post by In nothing we trust

---

I suppose, if you put your faith in the objective world you would be hopeless...

However for those of us who live completely within the self created worlds of our subjective experience, there is nothing but glory...

:-)

reply to post by HunkaHunka

---

I've never really followed him before, but reviewing his Trend Research site leads me to believe that he may not be great on specifics, but does pretty well on generalities.

So far, I've discounted opinions that we are already in a depression. I don't think we are. Depending on how this Congress responds to its constituents as well as outside forces, I can see things going south pretty easily from here.

Like you, I think each person must make their own reality and will be responsible for what impact external influences have on their lives.

We should see how everyone else responds over the next few months to get an idea of what will unfold in 2010 and beyond.

jw

reply to post by jdub297

---

Yeah I agree... it is definitely an interesting precipice that we find our collective selves on.

Originally posted by In nothing we trust

THis depression has just started.

So far it's tracking very closely to the historical depression from 1929 - 1933. I believe that we are currently at the 1930 level of the great depression.

Prepare to become more depressed. By 2012 people should be completely and utterly hopeless.

UHHHHH ohhhhhhhhh

... buy up all the cheap durable goods you may need for the next ten years, your window of opportunity is closing fast. You will not see cars and other durable goods this cheap, as measured in the purchasing power of your savings and income, for a very long time. Need some work done on your house? Better hurry.

www.itulip.com...

[edit on 20-8-2009 by In nothing we trust]

Originally posted by In nothing we trust

Originally posted by In nothing we trust

THis depression has just started.

So far it's tracking very closely to the historical depression from 1929 - 1933. I believe that we are currently at the 1930 level of the great depression.

Prepare to become more depressed. By 2012 people should be completely and utterly hopeless.

UHHHHH ohhhhhhhhh

... buy up all the cheap durable goods you may need for the next ten years, your window of opportunity is closing fast. You will not see cars and other durable goods this cheap, as measured in the purchasing power of your savings and income, for a very long time. Need some work done on your house? Better hurry.

www.itulip.com...

[edit on 20-8-2009 by In nothing we trust]

Those charts are so misleading, the Fed had no idea how devastating deflation was in the 20s-30s and didn't expand the money supply...the Fed shrank the money supply by 1/3rd in the Great Depression, they had no clue the effects that would have.

www.youtube.com...

[edit on 22-8-2009 by yellowcard]

Originally posted by yellowcard

Originally posted by In nothing we trust

Originally posted by In nothing we trust

THis depression has just started.

So far it's tracking very closely to the historical depression from 1929 - 1933. I believe that we are currently at the 1930 level of the great depression.

Prepare to become more depressed. By 2012 people should be completely and utterly hopeless.

UHHHHH ohhhhhhhhh

... buy up all the cheap durable goods you may need for the next ten years, your window of opportunity is closing fast. You will not see cars and other durable goods this cheap, as measured in the purchasing power of your savings and income, for a very long time. Need some work done on your house? Better hurry.

www.itulip.com...

[edit on 20-8-2009 by In nothing we trust]

Those charts are so misleading, the Fed had no idea how devastating deflation was in the 20s-30s and didn't expand the money supply...the Fed shrank the money supply by 1/3rd in the Great Depression, they had no clue the effects that would have.

www.youtube.com...

[edit on 22-8-2009 by yellowcard]

We're about to see the Great Inflation, instead of the Great Depression II.

reply to post by JayinAR

---

It is amazing how many people can be reduced to inanity by the mere presence of three letters of the alphabet: F-O-X.

Apparently, some were able to consider the merits of Celente's opinion until he became a guest on a television network.
So much so that they throw logic, reason and respect for truth out the window.

"Months ago" (Nov. 2008) Celente predicted that the US would bre the first "undeveloped" country in the world.

Today, Obama's chief science advisor embraces "de-development," a theory that supports distribution of wealth through the destruction of an economy's imdustrial base, forcing a greater portion of the populace to depend upon government largesse.

According to your logic, Barack Obama (a guest 2 weeks ago) works for NBC, ABC, CBS and CNN. Celente is no more an employee of any network upon wgich he has been broadcast than any other social commentator.

The host and guest "adopt" each other according to your perverted thinking.

Celente, by the way does not just work for "Trend Research," he owns it. He needs any network about as much as he needs your mindless, accusatory blather.

Deny Ignorance!

jw

reply to post by JayinAR

---

It is amazing how many people can be reduced to inanity by the mere presence of three letters of the alphabet: F-O-X.

Apparently, some were able to consider the merits of Celente's opinion until he became a guest on a television network.
So much so that they throw logic, reason and respect for truth out the window.

"Months ago" (Nov. 2008) Celente predicted that the US would be the first "undeveloped" country in the world.

Today, Obama's chief science advisor embraces "de-development," a theory that supports distribution of wealth through the destruction of an economy's imdustrial base, forcing a greater portion of the populace to depend upon government largesse.

Sounds pretty close to me.

According to your logic, Barack Obama (a guest 2 weeks ago) works for NBC (2X, 1-1/2 hour in 2 days), ABC, CBS (2X, 1-1/2 hour in 2 days) and CNN. Celente is no more an employee of any network upon which he has been broadcast than any other social commentator.

The host and guest "adopt" each other according to your perverted thinking.

Celente, by the way does not just work for "Trend Research," he owns it. He needs any network about as much as he needs your mindless, accusatory blather.

Deny Ignorance!

jw

[edit on 12-10-2009 by jdub297]

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