Even Jim Kuntsler doesn't get this bold when he talks about Peak Oil Theory and the repercussions of decreasing oil supply across the world. It is odd that Celente dates his predicted collapse around the same time as Nostradamus, among others, predicted it would occur. The found manuscript during early 2008, purported to be penned by Nostradamus' son, dates this final collapse at Dec. 21, 2012. Just days before Christmas. Interesting the Celente describes the malaise in terms of the following:
> 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.
Whatever your beliefs, thoughts, musings about what's going on in the nation and world right now, this writing will give you pause. Thanks, Peter, for sending it along. I will put it out on the web to see if it draws any response. I doubt it will. The denial about the gutting of America and the American middle class by Wall Street is intractable, right up to and through the federal government and beyond. Keep your powder dry, folks. And now is a good time to learn to pray, whatever your faith.
Sharon
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[edit] Criticism of economists
Celente has criticized the Consumer Price Index because it does not integrate statistics for food and fuel.[10] He accuses the Federal Reserve of "jive talk" about interest rates, claiming that they are in a "rate trap" where lowering interest rates crashes the dollar and raising them crashes the economy.[10] He claims the Fed is "highly responsible" for the economic crisis of 2008 for "bailing out their buddies with cheap money."[10] He also believes that the general populace has more awareness of the crisis than Wall Street, the media, and the political world.[10]
In case your day has been going too smoothly.
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 sub prime 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."
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