Gerald Celente Blog

Gerald Celente on Fox & Friends July 05 2009 :
food riots tax protests strikes high unemployment all will characterize our next future according to Gerald Celente the president of trends research Institute who has accurately predicted a series of events , market crash star bucks boom on and on and on …, now Gerald is predicting Obamageddon ” well what we are looking at is really much bigger than economic collapse we are looking at the decline of Empire America and with all fairness , I am a political atheist I do not bow to politicians , we look at the facts for what they are , it was long on the making but now it is accelerating with all these programs bailouts buyouts government take over , and by the way people are calling it : is it nationalism is it socialism ? the merger of state and corporate powers according to Mussolini who’ll know a thing or two about it , is called fascism , so what we are looking at is the disintegration of the empire , this used to be the entrepreneurial empire of the world and now it has become the place for the too big to fail , the policies being put in place are not going to work , look at the unemployment numbers ” this is not pessimism porn , it is them selling optimism opium , “there is the media world the political world and the real world , look at what is going on on the real world out there look at these tax protests , and this is something we had forecasted back when Bush was president “”Empire America is on the verge of collapse. Its social, economic and political systems are failed and failing.The measures taken by successive governments to save the politically corrupt, morally bankrupt, physically decrepit giant from collapse have served to only hasten its demise. While the decline has been decades in the making, the acceleration of ruinous policies under the current Administration is leading the United States – and much of the world – to the point of no return.The “green shoots” sighted by Field Marshal Bernanke this past spring were a mirage. The 2010 economic “recovery” predicted by the same experts, authorities and financial boy scouts and cheerleaders who didn’t see the economic crisis coming is pure delusion.By 2012, even those in denial and still clinging to hope will be forced to face the truth. It will be called “Obamageddon” in America. The rest of the world will call it “The Greatest Depression.”

A false dawn for the dollar :
The US administration has been saying it sees the first green shoots of economic recovery. However consumer spending remains low in America, and some experts argue the signs are misleading.

The US administration has been saying it sees the first green shoots of economic recovery. However consumer spending remains low in America, and some experts argue the signs are misleading.
What can you get for a dollar? Not much these days.

Its value dropped considerably at the end of June – and this is despite the Obama administration announcing signs of an economic rebound.

Experts think these are false claims of hope. They see a gloomy future for the dollar and say the $787 billion stimulus package passed earlier this year is only making things worse.

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“The green shoots that they think they see don’t reflect any genuine economic growth. They reflect the initial reaction to the stimulus. If you shoot someone up with heroin, you’re gonna get a reaction before there is a withdrawal,” says economic expert Peter Schiff.

And as job losses continue in the US and Americans have less money to spend, their problems become everyone’s problems.

“America consumes 25 per cent of the world’s energy. It takes $3 trillion of the world’s exports every year. If America doesn’t consume, the global markets will slow down dramatically,” believes trend expert Gerald Celente.

Faith in the dollar as a global reserve currency is long gone.

“I think the dollar’s days as a reserve currency are over,” Peter Schiff says.

This becomes obvious when China, the biggest foreign holder of the currency, wants out. They’ve even asked for the topic to be discussed at the upcoming G8 financial summit.

Economists are predicting the death of the dollar. But the US has been printing more and more of them to keep its sick economy afloat.

Gerald Celente was today on Russia Today channel :
The FED is printing money out of thin air and backed by nothing , this is phantom money . The dollar will continue to lose its value a new reserve currency will replace the dollar which will become worthless , Obama is creating a situation worse to what Bush did , gold prices will shoot to the roof at $2000 an ounce , the Chinese are stuck with 1,5 trillion dollars they want to get rid of the dollar without collapsing the market ..it looks that there is a rebound and recovery because of the flooding of all these stimulus money , this is only a temporary relief , you cannot cure cancer with pain reliefe pills , we are looking at the total collapse , unenmployment is on the rise , there is no recovery…
Gerald C. Celente, an American economist and founder & director of The Trends Research Institute, spoke exclusively to RT about the current situation on global markets and the future of the US economy.