18 February 2008

Trends Research

Futurist and trends forecaster Gerald Celente, director of the Trends Research Institute in New York, is famous for several successful forecasts, but is hated by the establishment. He predicted the 1987 stock market crash, the collapse of the Soviet Union in 1989, the Asian economic implosion of 1997, the decline of the USDollar after 2005, the gigantic rise in gold prices, the recent tumult with currency volatility, and the disaster triggered by the subprime mortgage failures. Because of this tendency toward insight, Celente has appeared regularly on CNN and Fox and MSNBC. His “Trends Reports” is widely quoted in newsprint. He is guest on many morning network news shows. His recent pronouncements are shocking. Celente projects both an economic and political crisis in the current 2008 year. “The United States of America has gone from first class to third rate. [It is a] nation on the skids and heading down. In 2008, Americans will wake up to the worst economic times that anyone alive has ever seen. Just as they did not see 9/11 coming and were frozen in shock when terror struck, [Americans] will be frozen in shock when terror strikes again.” The terror he refers to is economic disruption, if not chaos. He predicts “failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities… The stage is set, the big one is on its way.” Celente points out how the top 1% of Americans raked in over 50% of all income gains in recent years, and those same 1% individuals earned 22% of total national income in 2005. He foresees kidnapping of the wealthy to become common. He anticipates lawlessness to be met with brutal violence from a harsh police state. He expects storage facilities to be overrun by the new homeless, as they forage through possessions and seek shelter. He foresees violent public response from the ground up, in the form of tax revolts, since the people regard the US federal government as having failed in its purpose to protect and serve the population. See his latest public article, eye-opening, and not as outrageous as one might think at first glance. “Trends for Downsizing the US: The Bright Side of the Panic of 2008” (click here).

Celente forecasts the USDollar will bottom out at 10 cents versus the euro, translated to mean the euro rises to 1000, now at 146-148. On the positive side, he forecasts that smaller cities and communities will weather the storm well, as the besieged cities and suburbs descend into misery and conflict. Celente hopes for an end to the current Bottom Line Fascism age to end, one that might give way to a renaissance rebirth where smallness and quality are valued. He has earned the animosity and hatred by Wall Street, who now call him every ugly name in the book, from kook to moron. What is one to think when fraud artists and conmen call a reputable analyst ugly names? His future view offers much more detail attached than mine, but we are consistent.

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