Showing posts with label economic crisis. Show all posts
Showing posts with label economic crisis. Show all posts

Thursday, July 15, 2010

Gerald Celente: “The Crash is underway..before 2011 everybody will know that we are in the Greatest Depression”

Are you standing on the Rock of Salvation?

Source: http://seeker401.wordpress.com

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.”

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.”
— Chicago Tribune

“The Trends Research Institute is the Standard and Poors of Popular Culture.”
— The Los Angeles Times

“If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.”
— New York Post


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Isaiah 55:6
Make search for the Lord while he is there, make prayer to him while he is near:Isaiah 55:7Let the sinner give up his way, and the evil-doer his purpose: and let him come back to the Lord, and he will have mercy on him, and to our God, for there is full forgiveness with him.
John 3:16
For God had such love for the world that he gave his only Son so that whoever has faith in him may not come to destruction but have eternal life

God bless you!

Sunday, May 30, 2010

That Dreadful Day (coming economic collapse)

Are you standing on the Rock of Salvation?

David Wilkerson:








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Isaiah 55:6
Make search for the Lord while he is there, make prayer to him while he is near:Isaiah 55:7Let the sinner give up his way, and the evil-doer his purpose: and let him come back to the Lord, and he will have mercy on him, and to our God, for there is full forgiveness with him.
John 3:16
For God had such love for the world that he gave his only Son so that whoever has faith in him may not come to destruction but have eternal life

God bless you!

Wednesday, May 26, 2010

The Number One Tool Of Financial Enslavement

Are you standing on the Rock of Salvation?

From: http://theeconomiccollapseblog.com

Today there is a great awakening going on across the United States and all around the world. Tens of millions of people are becoming aware of the growing tyranny of the global financial elite. Yet millions of those same people willingly enslave themselves to those very same financial powers. So how is this happening? It is called debt. The financial powers of the world use it to enslave individuals, corporations and governments.

For thousands of years humanity has been taught the proverb that "the borrower is the servant of the lender", and yet today hundreds of millions of people around the globe willingly have run out and have made themselves servants of the money powers. You see, when you borrow money from a financial institution, you not only have to pay that money back, but you also have to pay a significant amount of interest. In fact, often the interest ends up being much more than the principal of the loan.

Thus the borrower ends up devoting a great deal of his or her labor to earning money for the lender. Certainly there are times when it is necessary to borrow money. But what Americans have been doing over the last 30 years goes far beyond "necessary" borrowing. In fact, the massive debt binge of the last three decades has been nothing short of a huge percentage of the American population entering into willing financial enslavement.

Do you think that is an exaggeration? Just consider the chart below. The word "insanity" does not even begin to describe the growth of household credit in the United States over the last 30 years....


So why is debt so bad?

Well, there are a lot of reasons. Debt strips you of your freedom and slowly drains you of your wealth. It puts the fruits of your labor into the pockets of others.

Getting others enslaved by debt is how the most powerful financial institutions in the world got so dominant. It is one of the most profitable ways of making money ever invented.

What many people don't realize is just how much interest they end up paying on some of their debts.

For example, if you go to mortgagecalculator.org, you can calculate the amount of interest that you will pay over the life of your home mortgage. According to that calculator, someone with a $250,000 mortgage at an interest rate of 6.5% over 30 years will end up paying over $300,000 in interest before it is all paid off.

So when those 30 years are over, you have bought a house for yourself and you have also bought a house for the bankers.

But there are many forms of credit that are far worse than mortgage debt.

So what are they?

Just look in your wallet.

Do you have a credit card in there?

If so, and if you carry a balance each month, then you are "feeding the monster" and you have financially enslaved yourself.

But you are far from alone.

According to the United States Census Bureau, there are approximately 1.5 billion credit cards in use in the United States.

In fact, 78 percent of American households had at least one credit card at the end of 2008.

So it is a rare person who does not have at least one credit card.

But not only do the vast majority of us have credit cards, we are using them at unprecedented rates.

At the end of 2008, the total credit card debt piled up by American consumers was more than 972 billion dollars. That is an amount that is greater than the GDP of the world's 122 poorest nations combined.

So why is credit card debt bad?

Well, because it can drain your wealth faster than almost any other method ever created.

For example, according to the credit card repayment calculator, if you owe $6000 on a credit card with a 20 percent interest rate and only pay the minimum payment each time, it will take you 54 years to pay off that credit card.

During those 54 years you will pay $26,168 in interest rate charges in addition to the $6000 in principal that you are required to pay back.

That is before you include any fees or penalties you might accumulate along the way.

Are you starting to get the picture?

Do you really want to repay over $30,000 for a $6,000 purchase?

Of course not.

So what should you do?

Stop feeding the monster.

They are getting insanely wealthy off of your financial enslavement.

It is time to get out of debt.

One of the most common financial questions that people ask today is what they should do with their money.

Well, the answer to that question is a lot more obvious than people may think.

After purchasing all of the food and supplies that are needed for the hard times that are coming, people need to get out of debt.

There are very, very few investments that will add to your wealth faster than debt is draining it.

So don't let your money sit there and earn a couple of percentage points if you are carrying any debt that you can easily pay off.

Paying off debt will reduce your living expenses and will give you much more flexibility. It will also put you in a much better position to weather the very difficult financial times that are coming.

When you get into more debt, you are playing the game that the Federal Reserve, JPMorgan Chase, Morgan Stanley, Citigroup, Bank of America and Goldman Sachs want you to play. There are always going to be financial predators that are ready to drain your wealth.

But you don't have to play that game. Work to get yourself free. You will be glad that you did.

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Isaiah 55:6
Make search for the Lord while he is there, make prayer to him while he is near:Isaiah 55:7Let the sinner give up his way, and the evil-doer his purpose: and let him come back to the Lord, and he will have mercy on him, and to our God, for there is full forgiveness with him.
John 3:16
For God had such love for the world that he gave his only Son so that whoever has faith in him may not come to destruction but have eternal life

God bless you!

Tuesday, May 25, 2010

The beginning of a U.S. currency crisis and Hyperinflation

Are you standing on the Rock of Salvation?

From: http://inflation.us




........................................................
Isaiah 55:6
Make search for the Lord while he is there, make prayer to him while he is near:Isaiah 55:7Let the sinner give up his way, and the evil-doer his purpose: and let him come back to the Lord, and he will have mercy on him, and to our God, for there is full forgiveness with him.
John 3:16
For God had such love for the world that he gave his only Son so that whoever has faith in him may not come to destruction but have eternal life

God bless you!