- KINGSTON, NY -- On June 13th, Trends Journalsubscribers
and the global media received this Trend Alert® "Collapse
It's Coming! Are You Ready?"
-
- In that Trend Alert®, Gerald Celente accurately
predicted that a global economic collapse was imminent. "The economy
is on the threshold of calamity another violent financial episode is looming," he wrote.
-
- Celente warned that the trends of the Summer of 2011
paralleled those in play during August of 2007, trends that had culminated
in the "Panic of '08."
-
- He dismissed the assurances of world leaders that policies
were in place to mitigate the escalating European and US debt crises.
-
- He discounted "media experts" promoting an
imaginary recovery or debating the prospects of a double-dip recession.
-
- It was all bogus. Those assurances were hot air,
and the "recovery" talk and "double-dip recession"
debates were just red herrings.
-
- In that Trend Alert®, Celente urged readers
to resist the urge to lapse into a vacation state of mind. And he warned
that the coming panic was going to be distinctly different!
-
- In the Summer of 2007, before the "Panic of
'08" set in, the Dow had hit a high of 14,000, the real estate and
credit bubbles had not yet burst, and unemployment was a manageable 4.7
percent. People actually still feltprosperous.
-
- The "Collapse of 2011" follows four years
of relentless economic decay. The combination of plummeting real estate
values, intractable unemployment, and a US/European government debt crises
dwarfs the banking/financial institution turmoil of 2008.
-
- Back then, Washington and the Federal Reserve treated
the critically wounded economy with trillions of stimulus dollars, low
interest rates, and quantitative easing. But in 2011, those fiscal and
monetary band-aids are not viable options.
-
- It's a tale told in chapter and verse in Trends
Journals, in Trend Alerts andTrends in The News: the
promised recovery was no more than a "cover-up." We correctly
forecast that gold prices would soar, the dollar would dive against the
Swiss Franc, the European debt crisis would worsen dramatically, the vaunted
emerging markets would submerge, and the "House made of BRICS" would
not escape the turmoil.
-
- In forecasting the collapse well in advance, Celente
provided an accurate timeline and supported his conclusions with quantifiable
data and in-depth analysis. However, now that the collapse is underway,
history is already being brazenly reengineered, right in front of our eyes.
Blaming the S&Pdowngrade for triggering the global sell-off/financial
panic as the majority of pundits are doing is as bogus as blaming
the onset of World War I on the assassination of Archduke Ferdinand. The
downgrade was no more than the proverbial last straw that broke the nation's
financial back.
-
- Trendpost: Trends Journal subscribers take
notice. You know that Gerald Celente predicted the collapse.
He now maintains there are no substantive DC/FED/ECB/IMF financial cards
left to play to reverse the irreversible.
-
- Despite today's Fed announcement to keep interest rates
near zero through mid-2013 and use policy tools to bolster the economy
"as appropriate" he forecasts that future Fed schemes will,
at best, provide only temporary relief and, as with its previous attempts, are
doomed to fail.
-
- True to form, the economic propaganda mill is churning
at full speed and the media coverage is mostly "bull." Tune into
any business show, pick up any newspaper and what you will get is the economic
equivalent of the notorious 9/11 advice from the authorities as people
fled the World Trade Center: "Go back to your offices, the fire in
the North Tower is under control."
-
- So now, with some $8 trillion of equity destroyed in
just a few days, the authoritative counsel is: "The market is oversold.
Get back in. It's a buying opportunity."
-
- Zeke West, zwest@trendsresearch.com <callto:+1845%20331.3500>845
331.3500 ext. 1
|
