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The man who predicted the 1987 stock market crash and the fall of the
Soviet Union is now forecasting revolution in America, food riots and
tax rebellions - all within four years, while cautioning that putting
food on the table will be a more pressing concern than buying Christmas
gifts by 2012.
Gerald Celente (http://en.wikipedia.org/wiki/Gerald_Celente), the CEO of
Trends Research Institute, is renowned for his accuracy in predicting
future world and economic events, which will send a chill down your
spine considering what he told Fox News this week.
Celente says that by 2012 America will become an undeveloped nation,
that there will be a revolution marked by food riots, squatter
rebellions, tax revolts and job marches, and that holidays will be more
about obtaining food, not gifts.
"We're going to see the end of the retail Christmas....we're going to
see a fundamental shift take place....putting food on the table is going
to be more important that putting gifts under the Christmas tree," said
Celente, adding that the situation would be "worse than the great
depression".
"America's going to go through a transition the likes of which no one is
prepared for," said Celente, noting that people's refusal to acknowledge
that America was even in a recession highlights how big a problem denial
is in being ready for the true scale of the crisis.
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 last year 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. He also said that the dollar would
eventually be devalued by as much as 90 percent.
The consequence of what we have seen unfold this year would lead to a
lowering in living standards, Celente predicted a year ago, which is
also being borne out by plummeting retail sales figures.
The prospect of revolution was a concept echoed by a British Ministry of
Defence report last year, which predicted that within 30 years, the
growing gap between the super rich and the middle class, along with an
urban underclass threatening social order would mean, "The world's
middle classes might unite, using access to knowledge, resources and
skills to shape transnational processes in their own class interest,"
and that, "The middle classes could become a revolutionary class."
In a separate recent interview, Celente went further on the subject of
revolution in America.
"There will be a revolution in this country," he said. "It's not going
to come yet, but it's going to come down the line and we're going to see
a third party and this was the catalyst for it: the takeover of
Washington, D.
C., in broad daylight by Wall Street in this bloodless coup. And it will
happen as conditions continue to worsen."
"The first thing to do is organize with tax revolts. That's going to be
the big one because people can't afford to pay more school tax, property
tax, any kind of tax. You're going to start seeing those kinds of
protests start to develop."
"It's going to be very bleak. Very sad. And there is going to be a lot
of homeless, the likes of which we have never seen before. Tent cities
are already sprouting up around the country and we're going to see many
more."
"We're going to start seeing huge areas of vacant real estate and
squatters living in them as well. It's going to be a picture the likes
of which Americans are not going to be used to. It's going to come as a
shock and with it, there's going to be a lot of crime. And the crime is
going to be a lot worse than it was before because in the last 1929
Depression, people's minds weren't wrecked on all these modern drugs -
over-the-counter drugs, or crystal meth or whatever it might be. So, you
have a huge underclass of very desperate people with their minds
chemically blown beyond anybody's comprehension."
The George Washington blog has compiled a list of quotes attesting to
Celente's accuracy as a trend forecaster.
"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
"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."