Fox Business: Gerald Celente Predicts Revolution 11/10/08

[GigiBowman]

1. America will be the first undeveloped country
2. Revolution, food shortages, riots, marches
3. Food instead of gifts for Christmas

[ame=http://www.youtube.com/watch?v=46MEqEgdLTg]YouTube - Fox Business: Gerald Celente Predicts Revolution 11/10/08[/ame]

 

[Toro]

The uber-bears will overplay their hand.

 

[xsited1]

1. America will be the first undeveloped country
2. Revolution, food shortages, riots, marches
3. Food instead of gifts for Christmas

YouTube - Fox Business: Gerald Celente Predicts Revolution 11/10/08

Unfortunately, I believe he's right. Things are going to get bad.

 

[eots]

when fox news starts sounding like eots ..you know...its a little disturbing..even to me

 

[Mad Scientist]

Yeah it's bad, but it's not nearly as bad as when Reagan took office. Unfortunately for us, Ronald Reagan isn't taking office this go round, Herbert Hoover is.

 

[NOBama]

I have a hard time listening to a guy sitting at a bar claiming that kind of doom and gloom. There's way too much liquidity in this country for us to go belly-up or undeveloped as he claims.

Here's what's going to happen, in my humble opinion:

Once we've tried saving all the sectors that the government thinks are important, and that fails, putting us in total financial ruin - to the point were food is considered an asset, we're going to see new corporate startups in the US.

Everything from textiles to healthcare. They'll put people to work which will begin the process of rebuilding the economy. Those startups will cut tax incentive deals with Uncle Sam in order to get off the ground.

We'll become a more self sufficient country. That's not to say that we'll prevent other countries from doing business in the US but, we, as a nation, will realize the improtance of buying goods and services from US owned and operated companies.

If I were 30 years younger I'd be looking for the perfect place to stake my niche and hard at work developing my plan NOW. Hell, in 3 or 4 years the government may well be begging you to get your company going, full steam ahead.

 

[Toro]

Yeah it's bad, but it's not nearly as bad as when Reagan took office. Unfortunately for us, Ronald Reagan isn't taking office this go round, Herbert Hoover is.

Actually, it is as bad. Perhaps worse.

This won't be another Depression but this is something very few people alive have seen before.

 

[Care4all]

when fox news starts sounding like eots ..you know...its a little disturbing..even to me

 

[eots]

don't get me wrong... I am ready...eots is not a rich man but he wont be standing in any fema food line..when cash becomes worthless...well ....not for at least a year...

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[oreo]

What's the saying: SINK OR SWIM! Something most of us live by, but apparently our government doesn't believe in.

ALL OF THESE BAIL-OUTS ARE NOTHING MORE THAN CHEAP LIFE VESTS THAT ARE LOOSING AIR QUICKLY. THE BOAT HAS SUNK, THERE ARE NO BOATS ON THE HORIZON, NOR WILL THERE BE ONE COMING.

Let those that FAIL--FAIL, so we can RECOVER!

Government is not the solution, it's the problem! "Ronald Reagan"--And it looks like our government is becoming a bigger problem, day by day.

 

[oreo]

Actually, it is as bad. Perhaps worse.

This won't be another Depression but this is something very few people alive have seen before.

Unfortunately, it has all the earmarks of a depression. Including the manner in which our government is trying to manage it, which is turning out to be mis-management & will only make things worse & longer lasting. A great book to read right now is "The Forgotten Man"--about the great depression of the 1930's.

Nope--this is no normal economic cycle or recession. In fact, it's gone global, just like the depression of the 1930's.

Let those that fail--fail, so we can recover!

 

[Zoomie1980]

Unfortunately, I believe he's right. Things are going to get bad.

We aren't even close to the 1982-83 recession yet. GDP shrank almost 10% in that one and unemployment peaked at 11.6%.

Funny how a little recession makes idiots panic.....

 

[Zoomie1980]

Actually, it is as bad. Perhaps worse.

This won't be another Depression but this is something very few people alive have seen before.

When we hit 12% unemployment and a growth of around -10% we will equal 1982. We are not yet close to that. We may be, but not yet. Add to that we had 10.5% inflation and 14.5% mortgage rates during that one.

That one was tough, the worst since the Depression. This one may get there, but isn't even close yet.

 

[Zoomie1980]

Unfortunately, it has all the earmarks of a depression. Including the manner in which our government is trying to manage it, which is turning out to be mis-management & will only make things worse & longer lasting. A great book to read right now is "The Forgotten Man"--about the great depression of the 1930's.

Nope--this is no normal economic cycle or recession. In fact, it's gone global, just like the depression of the 1930's.

Let those that fail--fail, so we can recover!

Now we need a World War to bring us out of it. Who is going to attack us ala Japan????

 

[Paulie]

Now we need a World War to bring us out of it. Who is going to attack us ala Japan????

Yeah, let's kill millions of people so our currency strengthens, prices of goods come back down, and banks lend again.

 

[Turboswede]

Yeah it's bad, but it's not nearly as bad as when Reagan took office. Unfortunately for us, Ronald Reagan isn't taking office this go round, Herbert Hoover is.

I would think a better Analogy would be FDR, Regan didn't do anything but postpone the depression until, well...next year.

 

[Hum Dinger]

First off, this is not a world wide depression. China is doing very well and Russia is barely scathed. There's more to the world economy than the Western European Banking system.

Secondly, this certainly does have the potential to be the greatest economic disaster for western civilization in history.

The chief determinant will be the actions or inactions of the newly elected federal government.

If left alone the economic catastrophe will become a large scale humanitarian catastrophe. Though it may be true that eventually, after a few decades of massive economic and humanitarian devastation, the free market will recover, I don't think that the American people will tolerate the wait.

What can be done is for the federal government to take absolutely radical actions to straighten this mess out. These actions would be considered unthinkable by conservatives.

These actions should only being done in response to a national crisis and once that crisis is over, normal but highly regulated free markets should be restored.

Given the fact that the balance of world power is changing radically against the U.S., it would be a whole lot better for Americans to accept temporarily imposed American socialism than forgein imposed permanent socialism (or worse).

 

[Paulie]

highly regulated free markets

Your post was already a bunch of liberal drivel, but this particular statement right here takes the cake.

You now look incredibly stupid. How's that feel?

 

[Hum Dinger]

Your post was already a bunch of liberal drivel, but this particular statement right here takes the cake.

You now look incredibly stupid. How's that feel?

I know that this may be a bit above your head but,

YOU CANNOT HAVE A FREE MARKET UNLESS IT IS A REGULATED MARKET!

As has just been so over-whelmingly proven, unregulated markets are not free markets. Unregulated 'free for all' markets are an environment that fosters theivery and markets that foster theivery are NOT FREE MARKETS!

Regulation is intended to prevent theivery. It is intended to create FAIR MARKETS. The only truly FREE Market is a FAIR market.

The very existance of markets are due to the economic environment created by the dominant military paradigm (i.e. the goverment). It is the responsibilty of the government to insure that those markets are protected from thieves.

 

[Paulie]

I know that this may be a bit above your head but,

YOU CANNOT HAVE A FREE MARKET UNLESS IT IS A REGULATED MARKET!

As has just been so over-whelmingly proven, unregulated markets are not free markets. Unregulated 'free for all' markets are an environment that fosters theivery and markets that foster theivery are NOT FREE MARKETS!

Regulation is intended to prevent theivery. It is intended to create FAIR MARKETS. The only truly FREE Market is a FAIR market.

The very existance of markets are due to the economic environment created by the dominant military paradigm (i.e. the goverment). It is the responsibilty of the government to insure that those markets are protected from thieves.

Jesus H. Christ you're a moron.

Are you smart enough to protect yourself from thievery within the market?