Gerald Celente: "The Great Crash Has Occurred"

Last year trend researcher Gegard Celente predicted that the global economy would collapse in 2010. In an updated commentary, posted on his blog site, he says that the bailout of Greece is only at temporary fix, and that before the end of 2011 everyone will see that the great crash of 2010 has occurred.

“It’s underway, they can’t stop it from happening.”

Gerald Celente


“One of our top trends of 2010 is the crash of 2010 , we have forecasted in December of 2009 that the global economy is going to collapse , and one of the primary reasons behind it is going to be a currency crisis , it’s underway they can’t stop it from happening,” the CEO at Trends Research Institute says in his latest commentary. Celente also warns against more terror attacks.

“What’s going on in Greece with the IMF and the Economic Monetary Union bailout it’s against the Maastricht agreement,” the forecaster points out.

“They are not supposed to be doing this , this is only a temporary fix it is not going to work , so as this fails we gonna see another crisis pile up upon it we are seeing before the new year of 2011 begins everyone will know that the crash of 2010 has occurred.”

Yesterday the riots in Greece over harsh new austerity measures left three bank workers dead and engulfed the streets of Athens, as angry protesters tried to storm parliament.

The protesters also hurled Molotov cocktails at police and torched buildings, police responded with barrages of tear gas.

Gerald Celente says that the protests are protesting the too big to fails.

More Terror To Come

Months prior to the release of the Trends Journal’s “Top Trends for 2010” – on radio, TV, in Trend Alerts® and press releases – Gerald Celente forecast a new wave terror strikes against the United States.

He predicted the time, the place, the who and the how.

The “time” would be 2010. The “place” would be public and symbolic. The “who” would, in all probability, be a lone wolf of Pakistani origin or heritage. The “how” would be low-tech or high – whatever the method or means, the rationale would be would be the same: revenge.

Celente asked, “Who among the 200,000 Pakistanis living in America will decide to exact revenge for murdered relatives or drone-bombed villages back home?”

(See: “Terror 2010,” Trends Journal®, Winter 2010)

And the connections Celente spelled out long ago between the Obama administration’s $7.5 billion “Af-Pak Strategy” and its terror consequences, have not yet been made or acknowledged by Washington or by the American media.

In the Summer 2009 Trends Journal® he wrote that the military policy resulting in thousands of Pakistani deaths and three million civilians forced to flee their homes could only intensify anti-American hatred.

“Suffering Pakistanis now added to the already swelled ranks of Muslims seeking to avenge the tens of thousands dead and hundreds of thousands mutilated by America in the ongoing Afghan and Iraq Wars.”

In the Winter 2010 Trends Journal®, Celente also predicted that any terror attempt, whether it succeeded or failed, would be instantly turned into “terrortainment,” and the predictable cast of pundits, politicians, experts and commentators would issue their predictable pronouncements: The evil-doers are evil. The barbarians are barbarous and they hate us for our freedoms; there is nothing we can do about it except to further heighten “security”.

Sure enough, among the gaggle of reactions to this newest event was the all-time favorite hollow promise trotted out whenever terror strikes: “We will not rest until we have brought everyone responsible to justice,” intoned US Attorney General, Eric Holder.

And sure enough, as predicted, the motivation behind this (and every other) terror attack would be misrepresented in the three-ring political, pundit and media circus.

There was little introspective attention paid to the connection between America’s military role in Pakistan and the explosive-laden SUV in Times Square.

(It’s kinda ironic that the Times Square incident happened at the same time Nassim Taleb launched the second edition of his famous book, “The Black Swan”.)

True to form, as with terror incidents past, the authorities counseled citizens to “remain vigilant”. Citing the constant threat of terror, they demanded increased funding for tighter security measures – which will doubtless include further abrogation of Constitutional rights, all under the guise of assuring anti-terror “protection,” Celente says.

Related by the Econotwist:

2010 Analysis: Warns Against Social Unrest

Norway’s Prime Minister Fears Social Unrest

Update: 1920-similarities

“A Breakdown In Our Values”

Germany In Favour Of Creating European Army

U.S. Marines Launch Major Offensive In Afghanistan

China: “Mother of All Black Swans”

U.S Pilot Crash Plane Into IRS Building

Wars Filling Norwegian Order Books

Wave Of Protests To Hit Troubled E.U. States

Athens Burning: Police And Protesters In Violent Clash

Greek Protesters Start Blowing Up Banks

“The Economics Of War Unfolding Now”

Athens: Banks On Fire – Thee Dead

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