Celente Predicts Revolution, Food Riots, Tax Revolt in 2010

Discussion in 'General Discussion' started by Quigley_Sharps, May 14, 2010.

  1. Quigley_Sharps

    Quigley_Sharps The Badministrator Administrator Founding Member

    <B>Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012</B></FONT></FONT>
    Nov 13, 2008

    Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be "worse than the great depression"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, 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 per cent.

    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."
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  2. Quigley_Sharps

    Quigley_Sharps The Badministrator Administrator Founding Member

    It could be 2012, or next week, or a few years off, but it's coming. The world economy is collapsing from socialism, deficits and debt. Don't like the socialism reference? OK, call it "entitlements." Whatever we call it, we can't afford it and it's a worldwide disaster.

    They will try to print more money to pay the bills, but like every other country which has had to resort to that, it just deepens the spiral.

    The worldwide debt and deficits of nations is unsustainable, as in "don't try that at home" common sense, unsustainable.

    Guns and ammo
    Barter items.

    In that order.

    No, not gold or silver because you can't eat them or protect yourself with them. The temporary currency will be water, food, guns and ammo and survival items. Gold and silver would become money again after things settled down so they are good for long term holding.

    It's coming.[winkthumb]
  3. Quigley_Sharps

    Quigley_Sharps The Badministrator Administrator Founding Member

    When companies have no profits and start going under, the stocks will have no value. Worldwide, things are far different than they've ever been in the history of our country. Socialism, or "entitlements" if you prefer have already bankrupted the Western world. The international bankers are frantically trying to avoid the inevitable but it won't work. You can't cover up for massive debt and deficits by creating phony money, which is what they are trying to do.

    Every Western nation is broke and getting in deeper every day. It's just a matter of time until people realize that the emperor has no clothes.

    "The government" is us. It's the taxpayers. There's no way in hell that we can pay for this massive deficit spending. NO one can continue to spend that much more than he makes without going broke.

    We've been bailing out our fat cats, and now we are bailing out Europe's fat cats. Next you'll see the Fed bailing out some of our states. The problem is that we don't even have the money to bail ourselves out. We don't have any real money - just debt and deficits as far as the eye can see.
  4. melbo

    melbo Hunter Gatherer Administrator Founding Member

    Celente's never been wrong before although his #1 recommendation this past Wednesday is to put 80% of your wealth into Gold.

    He's really firm on this 2010 date and from the signs all around the world, I can't say it won't be this year.
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