posted on Sep, 29 2011 @ 10:21 PM
Originally posted by Drew99GT
How many of the people you cite predicted a 500 point collapse 3 months in advance TO THE DAY?
The Dow dropped over 500 points on August 4th, he seems to have missed predicting that. Besides, it's an extremely volatile market. Daily swings in
the hundreds are (unfortunately) normal these days.
Originally posted by St Udio
i posted this info on another thread...
shtf.com is a host to a raft of people/economists/ trends specialiats and the 50-50 accurated guy Celante has a blurb which is titled that
October is when the great 'unwinding' begins... but still in the text he backpeddles and says that is just a guestimate...
a lot of posts have already laid down the treacherous path that Legatus & Rhinehart have... both are fanciful constructs based on flimsy & nostradamus
i would trust the contemporary and less sullied guy called Celente
Do yourself a favor and read up on Celente's track record. He makes his money on the talk show circuit spreading his doom and gloom. Internet forums
were on fire with his predictions of a US collapse by the end of the year, he predicted people would be living in storage rental units and that it
would be the first Christmas ever where people abandoned retail gift buying and instead would make gifts to exchange. He predicted America would begin
the next year as a completely different country, that people would return to farming and doing the wash by hand. There's just one problem, these are
predictions he made 4 years ago for that year. Oops. Since that time he has continued to beat the same drum, insisting that he is still right and that
only his timing is off. Yet people still herald him as some kind of prophet
By the way, I'm reporting this not as something I read but as a
witness, I was a forum moderator back then (not on ATS) and we were trying to decide how far to allow the Celente doom and gloom threads to go. People
were flat-out scared by his rhetoric. Looking back we should have deleted them all, people would have slept better at night!
edit on 29-9-2011 by SavedOne because: (no reason given)