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Title: Gerald Celente: EU Collapses in 90 Days, Bank Holiday and War
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URL Source: http://www.beaconequity.com/gerald- ... nk-holiday-and-war-2012-01-04/
Published: Jan 5, 2012
Author: Dominique de Kevelioc de Bailleul
Post Date: 2012-01-05 14:39:54 by Capitalist Eric
Keywords: None
Views: 9439
Comments: 20
Twenty-two months of hysteria of an impending European financial collapse, starting with Greece in March of 2010, will finally come to an end in 2012, according to the founder of Trends Research Institute, Gerald Celente. Hysteria of the horrid possibility of a European meltdown and the dire implications for the world economy a collapse implies will end, as the event finally turns into unequivocal reality by April 1, with accusations of ‘fear mongering’ by a significant portion of the mob quickly dropped in favor of the next predictable reaction to the crisis: outrage against those who allowed the collapse. “I would say, since I’ve been doing this work, over 30 years ago, I’ve never been more concerned than I am right now,” Celente told ABC, Australia. In Celente’s latest forecast, titled, The First Great War of the 21st Century—Prepare, Survive, Prevail, he paints a bleak picture for 2012, predicting a worsening of class warfare that already wages within more than a dozen countries, from Tunisia, Egypt, Yemen, Syria, Bahrain and Qatar to the UK, Greece and Italy, which will eventually spread to eastern Europe/central Asia and more intensely in the United States. But, what the world has seen so far is only a economic and social symptom of central bankers’ stop-gap remedies, haphazardly applied to the global financial crisis since its beginning in the U.S. and the fall of Bear Stearns in 2008. After dozens of trillions of dollars thrown at a global solvency crisis with nothing but further deterioration to show for the money spent, some wonder if the world is about to slide still further into depression. According to Celente, when the European Union falters from too much supply of debt coming due ($7.3 trillion from G-7 nations, see zerohedge.com) against the backdrop of sliding demand for more debt, the European domino will topple other dominoes, widening the global depression to include the world’s larger economies. “If you live in Greece, you’re in a depression; if you live in Spain, you’re in a depression; if you live in Portugal or Ireland, you’re in a depression,” Celente said. “If you live in Lithuania, you’re running to the bank to get your money out of the bank as the bank runs go on. It’s a depression. Hungary, there’s a depression, and much of Eastern Europe, Romania, Bulgaria. And there are a lot of depressions going on [already].” And as far as a Chinese riding in on a white horse to save the day, Celente said, it’s “highly unlikely. China has 1.3 billion people with a million problems . . . If the Europeans and Americans don’t buy a lot of crap, then the Chinese can make it and sell it to them.” He continued to explain that China will then likely slow its imports of materials from countries which have been supplying mined product during the commodities boom, leading to a vicious spiral of increased unemployment and declining economic activity—a scenario strongly intimated by Dow Theory Letters author Richard Russell in his latest letter to investors (excerpts posted on King World News). Russell, too, expects a steepening U.S. depression, with 25 percent unemployment in the America as his target at the bottom of the depression. “This whole thing is connected,” Celente explained. “China isn’t going to have the money to throw around to losers anymore than loan shark would give a gambler who can’t pay his old debts back and has a bad gambling habit another loan to gamble . . . They [Chinese] have their own problems to deal with.” How bad will the next leg down in the world economy likely to be? Could Russell be right? Celente believes a comparison with the 1930s is a good one. He continued, “ . . . you can even listen to Christine Lagarde, the head of the International Monetary Fund, or I like to fondly call it, the International Mafia Federation—the loan sharks of last resort—even she’s saying what we’ve been saying now for three years about the parallels between the Crash of 1929, the Great Depression, currency wars, trade wars, world war. “The Panic of ’08; you have the Great Recessions—Great Depressions going on. Oh, by the way, real estate prices in the United States, they’re at a steeper decline than they were during the Great Depression. Foreclosures continue to mount. It’s taking people over 40 weeks, who lose jobs to find another job, and then finding one at a fraction of what they lost the old one at.” And as history demonstrates, when horrible economics overwhelm a society, political leaders search for a means of generating national jingoism to redirect the angry mob. That search for political safety usually turns to war. “So then you look at the trade wars that they’re now talking about,” Celente said. “And, as I said, when you add them up, you have the beginnings of a great war going on already. Oh, and now, and now, they’re talking about, hey, we did such a great job in Iraq and Afghanistan, why don’t we bomb Iran? Have you heard the presidential candidates of the United States, with the exception of Ron Paul, that all want to go to war against Iran? So you can see where it’s going. “You have psychopaths that have caused a lot of these problems that are giving the answers to how to solve them by adding more violence and criminality on top of old violence and criminality.” Celente said the kickoff to a global meltdown and a call to war could “spiral out of control” some time “by the first quarter of 2012” as the European crisis worsens to the point of a crack up. “There’s no way to bail out the European nations,” Celente said forcefully. And the build up to social unrest, calamity and possible civil war can be seen a mile away, said Celente, who segued into another one of the trends he sees for 2012: Safe Havens (escaping the United States). “They just passed a law in the United states, the National Defense Authorization Act (NDAA),” he said. “It now gives the president the right to identify a person like me and call me a terrorist and that I’m against the government. And the military can come and break down my doors—the military—and arrest me, charge me with nothing, give me no trial, no rights of habeas corpus, no jury, no judge, and they can kill me if they so choose, torture me; they can send me to any country around the world.” Celente advises preparing now for a quick route out of the United States if a bank holiday (a prediction of his) is called. The ramifications of a dollar devaluation aren’t clear, but an enacted NDAA, FEMA camp readiness and scheduled TSA checkpoint expansion plans suggest the U.S. may enter a crisis on par with the lead up to the U.S. Civil War of 1861-5. Read more: http://www.beaconequity.com/gerald-celente-eu-collapses-in-90-days-bank-holiday-and-war-2012-01-04/#ixzz1ic9MxXiY
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#1. To: Capitalist Eric (#0)
Chuckles...why not try predicting this BEFORE one of the nations in the Eu says that it will default and it's likely that one more will rapidly follow? When I read crap like this, which is months behind the curve, I don't have to wonder why you are who you are.
I've been posting this kind of information for several years. I doubt anyone anticipated how the central banks of every country would be so willing to throw their own people to the wolves, so the banksters could continue to line their own pockets... But since none of the acts to further enslave nations have solved the underlying flaws that have existed since the early 2000s, the results will be the same. Of course, since those problems have been allowed to fester- and have been exacerbated by the actions of the various banks- the magnitude of pain and suffering that normal people will be forced to endure, will be much, much greater. Of course, you prefer to keep your empty head firmly stuck in the sand. And actually, I think that's a good thing... Why? Because you'll suffer far more, and deservedly so. Oh, so the EU collapsed months ago, eh? The refinancing of $7.3 trillion from G-7 nations has already happened? China has imploded? The global meltdown has already occurred? Clearly, you didn't read the article. Instead, you attempt to derail the thread with the typical rules of disinformation Rule of Disinformation #4. Use a straw man. Find or create a seeming element of your opponent’s argument which you can easily knock down to make yourself look good and the opponent to look bad. Either make up an issue you may safely imply exists based on your interpretation of the opponent/opponent arguments/situation, or select the weakest aspect of the weakest charges. Amplify their significance and destroy them in a way which appears to debunk all the charges, real and fabricated alike, while actually avoiding discussion of the real issues. Rule of Disinformation #17. Change the subject. Usually in connection with one of the other ploys listed here, find a way to side-track the discussion with abrasive or controversial comments in hopes of turning attention to a new, more manageable topic. This works especially well with companions who can “argue” with you over the new topic and polarize the discussion arena in order to avoid discussing more key issues. Rule of Disinformation #18. Emotionalize, Antagonize, and Goad Opponents. If you can’t do anything else, chide and taunt your opponents and draw them into emotional responses which will tend to make them look foolish and overly motivated, and generally render their material somewhat less coherent. Not only will you avoid discussing the issues in the first instance, but even if their emotional response addresses the issue, you can further avoid the issues by then focusing on how “sensitive they are to criticism”. Rule of Disinformation #19. Ignore proof presented, demand impossible proofs. This is perhaps a variant of the “play dumb” rule. Regardless of what material may be presented by an opponent in public forums, claim the material irrelevant and demand proof that is impossible for the opponent to come by (it may exist, but not be at his disposal, or it may be something which is known to be safely destroyed or withheld, such as a murder weapon). In order to completely avoid discussing issues may require you to categorically deny and be critical of media or books as valid sources, deny that witnesses are acceptable, or even deny that statements made by government or other authorities have any meaning or relevance. You know, you'll really have to do better. It's getting so easy to bitch- slap your sorry ass, that you're actually boring. Feh....... You're a fuckhead troll.
#7. To: Capitalist Eric (#2)
(Edited)
I predicted the collapse of the EU in 1988 when the mantra was "Europe 1992". I knew that England would NOT cede one ounce of economic freedom to a general central bank that, in essence, was an arm of the German government. Without England, any Euro economic union was doomed to fail. Just as Germany knew in the 1930's that only a PERMANENT peace with England would secure their goals. BTW, in 1988, you were still looking through a thesaurus trying to describe "masturbation" in a way that no one might understand.
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#2. To: war (#1)
(Edited)
Chuckles...why not try predicting this BEFORE one of the nations in the Eu says that it will default and it's likely that one more will rapidly follow?
When I read crap like this, which is months behind the curve....
Replies to Comment # 2. I doubt anyone anticipated how the central banks of every country would be so willing to throw their own people to the wolves, so the banksters could continue to line their own pockets...
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