(Forwarded to Tapatt by Krip Yuson)
The Coming American Revolution?
I was shocked that Fox would air such a segment.
They mentioned that before 2012:
1. America will be the first undeveloped country 2. Revolution, food shortages, riots, marches 3. Food instead of gifts for Christmas
Seriously, I was shocked. The segment lasted for more than 6 minutes. He said things like parents shouldn't send their kids to get business degrees or psychology degrees and send them to community colleges to learn a real skill. He kept implying that food will become the most important thing for us. He said the retail industry will die off completely but local markets will thrive.
The host even introduced him as a guy who's "predictions always come true".
Gerald Celente's website: http://www.trendsresearch...
Here's a well written prediction from Celente: http://www.earthfiles.com...
After Wall Street Bailout, Is Main Street Headed for Depression?
© 2008 by Linda Moulton Howe
"This Wall Street bailout is really taxation without representation." - Gerald Celente, Editor and Publisher, The Trends Journal
October 17, 2008 Rhinebeck, New York - The American government bought $250 billion in ownership of United States banks this week of October 13th. The week before, it authorized nearly a trillion dollars to bail out Wall Street that included even saving the world's largest insurance company, A. I. G.
But what about all the struggling Americans on Main Street who are watching their 401(K) savings and their pensions shrink as the Dow moves up and down 700 points a day? What about the estimated million Americans who have lost their homes to foreclosures in the sub-prime mortgage mess? Who is bailing out the Main Street taxpayers who are being used by the United States government to bail out Wall Street? And what happens to shopping malls and other retailers as the government reported this week that retail sales are down 1.2% in September 2008 - and are expected to keep falling?
Virginia Cervasio, Exec. Dir., of the Lee County Suicide Resource Center in Florida told Associated Press this week: "A lot of people are telling us they are losing everything. They're losing their homes; they're going into foreclosure; they've lost their jobs."
On October 13, 2008, Associated Press reported: "As Economy Sinks, Officials Fear Violent Solutions"
- An out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide.
- A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home for 38 years.
- In Massachusetts, a housewife who had hidden her family's mounting financial crisis from her husband sends a note to the mortgage company warning: 'By the time you foreclose on my house, I'll be dead.' Then Carlene Balderrama shot herself to death, leaving an insurance policy and a suicide note on a table.
- In Ocala, Florida, Roland Gore shot his wife and dog in March 2008 and then set fire to the couple's home, which had been in foreclosure, before killing himself. His case was one of several in which people have killed spouses or pets, destroyed property or attacked police before taking their own lives.
On October 9, 2008, Gerald Celente, publisher and editor of the highly respected Trends Journal issued a Trend Alert headlined: "Washington Bailout A Bust. Depression to Follow." This week I asked him why a Trend Alert about an economic depression when the American government seems to be doing everything it can to hold off financial collapse?
Gerald Celente, Editor and Publisher, The Trends Journal, Rhinebeck, New York:"All they are doing is throwing good money after bad. This is unprecedented. This isn't the United States of America. It's now the United Soviet States of America. They are buying banks, brokerages, insurance companies. We (U. S. government) now own the world's largest insurance company! And mortgage companies. And they are doing it all with taxpayer money. So, anyone with a little common sense, Linda, could figure it out.
If the boys on Wall Street botched a deal before, what makes anyone think that the inept people in Washington are going to pull it off any better? They are not. What they (government bureaucrats) have better than the scammers on Wall Street is that they (government) has unlimited funds from the U. S. Treasury by taxing the people and taking all the money they want to do their deals. So, nothing good is going to come out of this. All they are doing is bailing out the preferred shareholders, the foreign banks that have loaned the money – all on the backs of the American people. This is a 'Foetus Tax' in the sense that generations are going to have to pay for this. This will do nothing, nothing! to stop the economic depression that is coming. All it will do is bailout the 'too big to fail' companies.
WHY DID THE DOLLAR GO UP DURING THE CHAOS?
Gold went down, the dollar went up. The markets are so highly manipulated. There are reports coming out of banks shorting gold positions by the hundreds of thousands trying to keep gold prices down. There are reports of people lining up in Europe and other countries to buy gold and cashing out.
Because when people realize that their paper is not worth the paper it's printed on and people start going into gold, the whole system could collapse immediately. So, they are doing everything they can to prop the dollar up and to push gold prices down. They are propping the dollar up also, so that the people that are in dollars that want to get out have an opportunity, such as the Chinese and all the other foreign banks that are holding so much of the dollar debt.
WHO HAS THE ABILITY TO PROP UP THE U. S. DOLLAR?
The central banks because remember they are in control of the printing press. So you have coordination between the world central banks and the Federal Reserve and they are trading heavily into the markets to keep it going.
SO, THE CENTRAL BANKS MIGHT HAVE MORE EFFECT ON WHAT'S HAPPENING WITH THE DOW NOW THAN JUST NORMAL STOCK INVESTORS?
Absolutely! The game is rigged. It's being rigged in broad daylight and we see it right in front of us.
Goldman Sachs has now taken over the White House with Henry Paulson in Treasury. When they had the A. I. G. bailout, the biggest financial insurance company in the world. They just got $85 billion and just asked for another $40 billion and we taxpayers just paid for a half million dollars worth of perks for their A.I.G. Commissars to go to the resorts like they used to do in the Soviet Union.
Do you know who the only person sitting in on that meeting was outside of the Treasury and the Federal Reserve? It was Blankfein from Goldman Sachs! It's criminal activity from top to bottom.
WHAT DOES THAT LEAVE THE AMERICAN PUBLIC WITH IN TERMS OF ANY KIND OF POWER TO CHANGE THE SYSTEM?
It leaves them with anger and when they are broke and desperate, that's when denial no longer rules. Denial, by the way, is still pretty prevalent among a lot of people. But when the reality hits and they see how bad things are, you're going to start to see tax revolts. It's going to start taking place at the local level. People can't afford these school taxes. They can't afford the property taxes. I mean it's a joke! Property taxes keep going up and they keep re-evaluating. But when the value goes down, the bureaucrats don't lower the taxes. What is going on here? People are not going to be able to afford it and that's when the tax revolt happens and that's what we are going to see.
What Could 2009 America Look Like?
YOU HAVE BEEN SO ACCURATE SINCE 2007 IN CALLING EXACTLY WHAT HAS UNFOLDED IN 2008. COULD YOU HELP THE GENERAL NORTH AMERICAN AUDIENCE UNDERSTAND WHAT THE TRENDS JOURNAL AND INSTITUTE WOULD SEE IN DETAIL AS WE GO FORWARD NOW FROM OCTOBER 2008 TO OCTOBER 2009?
First, we have to remember there are many wild cards that are thrown on the deck that nobody can ever anticipate and that's why nobody can really predict the future. You can see the face of it, but you really never know what's going to happen (in detail).
Having said that, there might be wars. Geopolitical tensions are always coming to light just as happened this past summer with Georgia invading South Ossettia and the belligerency shown by the United States on behalf of Georgia in support of their invasion. So that was the beginning of a new Cold War. How is that going to play out? We're not sure. But here's what we know, for example, about that. We know when that happened, the Russian stock market collapsed and it has not recovered since. So, the Russians are very angry at America for having instigated that war, as the Russians believe. So, we don't know all the geopolitical tensions.
If things remain constant on the economic and political fronts, what we're going to see in the beginning of the New Year 2009 is a very cold winter. February and March 2009 are going to be very, very bleak. We're going to see the depression really start to set in.
WHAT IS YOUR DEFINITION OF A DEPRESSION?
We don't go by unemployment numbers. They reached almost 25% in the last Depression of 1929. Now, there will be masses of working poor doing two to three jobs just to make ends meet, plus you're going to have a lot of people unemployed as well – probably in the 15% level at least. Again, the numbers are cooked all the time because what happens is that once a person is no longer looking for work and their unemployment benefits have run out, the government no longer counts them as unemployed!
Again, the United Soviet States of America! Just as the bureaucrats don't include energy and food into the core inflation numbers.
Mall and Retail Store Collapses
This whole notion that we need a Wall Street is a fallacy because Wall Street killed Main Street by giving all the real estate developers money and special tax breaks and grants given by the cities and states to build all these huge malls and outlets that have sapped the vitality out of Main Street. That vitality is going to be re-invigorated and it's going to start now in the New Year 2009. You're going to see more vitality spring up in the dead areas because we're only talking now in the media about the financial collapses. Let's start talking about the retail collapses that are going to follow soon. You're going to see big name retailers buckle under and go under. You're going to see malls become ghost malls.
Desperate People, Tent Cities, Rise in Crime
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 did a piece about self-storage units really taking on the true meaning of their name. People are going to start living in these things and it's going to be better than living in a tent out in the street or risking your life in a homeless shelter.
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.
Tax Revolts
WILL THIS COUNTRY EVER CHANGE BACK TO WHAT IT WAS BEFORE THIS CORRUPT COLLAPSE?
There will be a revolution in this country. 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.
We're very confident of that because as we look through history – tracking trends is a way of understanding where we are, how we got here and where we're going. Throughout the entire 19th Century, and even into the early 20th Century, the major issue was the central banks taking over the country. That's why you had people like Andrew Jackson. It's been a major issue since our founding fathers and will continue to be. This is only a temporary take over.
BUT HOW DO THE VAST MAJORITY OF THE NON-WALL STREET PEOPLE GET ENOUGH LEVERAGE TO HAVE A REVOLUTION AGAINST A CORRUPT WALL STREET AND GOVERNMENT IN TERMS OF THEIR PRIORITIES?
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.
From that taxation issue because that's what's going on right now – this Wall Street bailout is really taxation without representation. It worked before; it will work again. That's what we see as being the glue that brings this third party movement together because now it's not a question of becoming involved because it's a political or ideological belief. It's in your pocketbook. It's staring you in the face. People cannot make ends meet. What are they doing? They're going around begging to bailout disenfranchised Wall Street executives?!?
No, you're going to start seeing the revolution and it's going to take the form of tax revolts.
Main Street Renaissance?
You're going to see a lot of changes that are going to make it better for the average person. The system right now is built on too-big-to-fails. There's not enough money in the world to save them. So, we're going to see a Renaissance as well. Something old is dying and something new is being born.
DO YOU MEAN THAT THERE COULD BE SOME SORT OF REJUVENATION BECAUSE PRICES WILL BE FORCED DOWN TO SOMETHING THAT PEOPLE CAN HANDLE?
The prices will be forced down, but we're going to go through a period of hyper-inflation the likes of which we have never seen before. The government is just printing money on a daily basis. They are just manufacturing it out of thin air! So, we're going to see hyper-inflation, the kind you used to see in Argentina and Brazil when they went through currency crises. The prices are going to go lower, but in real dollar terms, it's still going to cost a lot.
Where the change is going to come about is that people are going to start re-thinking about what consumerism is about. That's the real dynamic change. You can't buy what you can't afford and don't need. That's going to be a wake up call. You don't borrow to build. You only build with profits.
So, as that happens, we're going to see more community spirit. The small towns that made this country great in the first place are going to re-emerge. With that, family, friends, relatives – a whole different structure starts taking place rather than doing it all on your own, you don't need anybody, you can make it to the top mentality. So again, something old is dying and something new is being born. *****
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