Gerald Celente: Future Predictions Match What I See

Gerald Celente: The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in predicting future world and economic events, which will send a chill down your spine considering what he told Fox News this week.

Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.“We’re going to see the end of the retail Christmas….we’re going to see a fundamental shift take place….putting food on the table is going to be more important that putting gifts under the Christmas tree,” said Celente, adding that the situation would be “worse than the great depression”.“

America’s going to go through a transition the likes of which no one is prepared for,” said Celente, noting that people’s refusal to acknowledge that America was even in a recession highlights how big a problem denial is in being ready for the true scale of the crisis.Celente, who successfully predicted the 1997 Asian Currency Crisis, the subprime mortgage collapse and the massive devaluation of the U.S. dollar, told UPI in November last year that the following year would be known as “The Panic of 2008,” adding that “giants (would) tumble to their deaths,” which is exactly what we have witnessed with the collapse of Lehman Brothers, Bear Stearns and others.

He also said that the dollar would eventually be devalued by as much as 90 per cent.The consequence of what we have seen unfold this year would lead to a lowering in living standards, Celente predicted a year ago, which is also being borne out by plummeting retail sales figures.The prospect of revolution was a concept echoed by a British Ministry of Defence report last year, which predicted that within 30 years, the growing gap between the super rich and the middle class, along with an urban underclass threatening social order would mean, “The world’s middle classes might unite, using access to knowledge, resources and skills to shape transnational processes in their own class interest,” and that, “The middle classes could become a revolutionary class.”

“When CNN wants to know about the Top Trends, we ask Gerald Celente.”— CNN Headline News

"A network of 25 experts whose range of specialties would rival many university faculties.”— The Economist

"Gerald Celente has a knack for getting the zeitgeist right.”— USA Today

“There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.”- CNBC

“Those who take their predictions seriously … consider the Trends Research Institute.”— The Wall Street Journal

“Gerald Celente is always ahead of the curve on trends and uncannily on the mark … he’s one of the most accurate forecasters around.”— The Atlanta Journal-Constitution

“Mr. Celente tracks the world’s social, economic and business trends for corporate clients.”— The New York Times“Mr. Celente is a very intelligent guy. We are able to learn about trends from an authority.”— 48 Hours, CBS News

http://www.infowars.com/?p=5938

Nov 17, 2008 Week Ahead

The futures are down in pre-market trading as we complete the powerful bull flag in what looks like a wave 'b' of Y of a larger B, not a wave 2 as some suggest (tho' I could be wrong) as the pull back is deeper than most wave 2's typically. A move back to tag the falling 50 day moving average (currently around SPX 1040/50) is in the cards in the coming days.

The 4/12 day cycle suggests a minimum date of Thursday Nov 20th for a top. The bigger 16 day cycle (+/- 4 market days) tops out about Wednesday next week (just before Thanksgiving), so we should see selling more after Thanksgiving than before I would think. The larger 13 week cycle top +/- 2 weeks tops out no later than Nov 24.

A move back to the 23 week cycle low is projected for about Dec 23 and targets remain around 788/793 SPX with higher prices into mid Feb expected after that.

Recap: We remain long the stock market expecting a top in the next week or 2 and then further weakness into just before Xmas. The gold mining shares will probably have strength into around Thanksgiving or just before. While the seasonal trend combined with the 8 year cycle in gold mining shares looks strong into about the third week of December, the stock market low expected around that time and tax selling may abate the normal seasonal cycles this time around. It remains to be seen.

Gold mining shares remain a trader's market for now, but with longer time projections favoring this sector over the stock market in general (which as I have stated before) has projections to SPX 443 in the Jul/Oct 2010 and Mar/May 2011 time frames.