- KINGSTON NY, 14 December
2010 - We warned it would happen and it happened as we warned. "Off
with their heads! Off with their heads!" chanted the angry mob as
they attacked the Royal Rolls Royce carrying Prince Charles and his wife
- "Off With Their Heads 2.0" read the headline
of our Autumn Trends Journal (10 October 2010 - Click here) predicting
the outpouring of outrage that would accompany the harsh austerity measures
inflicted upon the general public, while governments doled out generous
bailouts and rescue packages for bankers and financiers.
- "Since the onset of the Greatest Recession, I've
been informing readers to expect uncontrolled unrest that would roil markets
and destabilize governments," said Gerald Celente, publisher of the
Trends Journal. "When people lose everything and they have nothing
left to lose, they lose it."
- According to Celente, the spontaneous attack on the Royal
couple was the first salvo in what promises to be a long war between the
people and the ruling classes. "Anyone questioning the intensity
of the people's seething anger is either out of touch or in denial,"
said Celente, noting that this was the worst show of violence directed
towards the Royals since the days of Irish/English hostilities.
- In this case, the Royals offered a convenient symbolic
target for the young protestors, a new generation that has come face-to-face
with a future of downward mobility. It wasn't only that they would have
to pay three times the tuition for a degree that no longer guaranteed them
a decent job, it was rage against the machine a rigged system that
paved the way for the privileged and punished the prols.
- Celente has also predicted that all the Kings and Queens
of Commerce along with Presidents, Prime Ministers, top level bureaucrats
and elected officials will soon be hearing the same chant of "Off
with their heads!"
- While the public was being punished with austerity measures,
the "too big to fail" bankers, hedge fund hustlers and Wall Street
high rollers, blamed for creating conditions necessitating austerity by
making the biggest, most crooked and worst of financial gambles were
rewarded with a king's ransom:
- Wall Street Sees Record Revenue in '09-10 Recovery From
- Dec. 13 (Bloomberg) Wall Street's biggest banks,
rebounding after a government bailout, are set to complete their best
two years in investment banking and trading, buoyed by 2010 results likely
to be the second-highest ever.
- This profit surge comes after the five largest investment
banks Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup,
and Morgan Stanley took a combined $135 billion in TARP money and
borrowed billions more from the Federal Reserve's emergency-lending facilities,
while also benefiting from low interest rates and the Fed's purchases of
- Trend Forecast: The media has not connected the dots:
a new class warfare has begun. The attack upon the Royals exemplified
the pent-up hatred building among a population that can no longer be cajoled
into believing sacrifices to further enrich the über-rich are in the
best interest of their nation.
- At the onset of the Great Recession, many bought the
argument that if the biggest banks and businesses were not bailed out,
the entire financial system would collapse. Now faced with the irrefutable
evidence of record corporate profits, billions in bonuses and bailout windfalls,
the people will no longer grin and bear it.
- As economic conditions continue to deteriorate in Europe
and the U.S., the uprisings will grow larger, more frequent, more organized
and more ferocious. In response, government crackdowns will be harsher
and more violent. As the New Year unfolds, the stage is set for incendiary
acts that will be committed by one side or the other, escalating the conflict
into prolonged battles.
- Governments will declare that hooligans, anarchists,
militants and foreign agents are responsible for the unrest, and the press
will swear to it. What will be painted as assaults on capitalism and the
free enterprise system could more accurately be described as acts of self
defense; a battle between the growing number of "have nots" vs.
the "haves" that keep taking even more than they had before.
- With a 30-year track record to prove it, no one has a
more accurate inside scoop on the crucial trends shaping our future than
Trends Journal Publisher, Gerald Celente. To schedule an interview with
Mr. Celente to discuss this trend or others yet to hit the headlines, contact:
- Zeke West
- Media Relations
- 845.331.3500 Ext. 1
- ©MMX The Trends Research Institute®