Gerald Celente

Gerald Celente
Born (1946-11-29) November 29, 1946
The Bronx, New York City, New York, U.S.
Nationality American
Occupation Trend forecaster

Gerald Celente (born November 29, 1946) is an American trend forecaster,[1][2] publisher of the Trends Journal, business consultant[3] and author who makes predictions about the global financial markets and other events of historical importance. Celente has described himself as a "political atheist" and "citizen of the world".[4] He has appeared as a guest on media outlets such as CNN, The Oprah Winfrey Show, The Today Show, Good Morning America, CBS Morning News, The Glenn Beck Show, NBC Nightly News, The Alex Jones Show, Coast to Coast AM and Russia Today.[5][6][7]

Background

Celente was born in The Bronx, New York City, New York. He had early political experience running a mayoral campaign in Yonkers, New York and served as executive assistant to the secretary of the New York State Senate. From 1973 to 1979 Celente traveled between Chicago and Washington D.C. as a government affairs specialist.[8] In 1980 Celente founded The Trends Research Institute (at first called the Socio-Economic Research Institute of America), now located in Kingston, New York, publisher of the Trends Journal which forecasts and analyzes business, socioeconomic, political, and other trends.[9]

Criticism

Critics of Celente have accused him of claiming successful predictions based on vague language and "operating on his hunches."[10] Critics have argued, for example, that while he claims to have correctly predicted everything from the fall of the Soviet Union to impending recessions, an empirical review suggests that overall his predictions are frequently wrong,[11] citing predictions of everything from the resignation of Ronald Reagan to a 2012 "Economic 9/11" that he predicted would be equal to or worse than the Great Depression, marked by "food riots, squatter rebellions, tax revolts and job marches."[12]

Forecasting

His forecasts since 1993[13] have included predictions about terrorism, economic collapses and war. More recent forecasts involve fascism in the United States, food riots and tax revolts.[3][14][15][16][17][18] Celente has long predicted global anti-Americanism, a failing economy and immigration woes in the U.S.[14] In December 2007 Celente wrote, "Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities ... whatever the spark, the stage is set for panic in the streets" and "Just as the Twin Towers collapsed from the top down, so too will the U.S. economy ... when the giant firms fall, they’ll crush the man on the street." He has also predicted tax revolts.[19][20] In November 2008 Celente appeared on Fox Business Network and predicted economic depression, tax rebellions and food riots in the United States by 2012.[21] Celente also predicted an "economic 9/11" and a "panic of 2008."[22]

In 2009 Celente predicted turmoil which he described as "Obamageddon", and he was a popular guest on conservative cable-TV shows such as Fox News Sunday and Glenn Beck's television program.[6] In April 2009 Celente wrote, "Wall Street controls our financial lives; the media manipulates our minds. These systems cannot be changed from within. There is no alternative. Without a revolution, these institutions will bankrupt the country, keep fighting failed wars, start new ones, and hold us in perpetual intellectual subjugation."[23] He appeared on the Glenn Beck show and criticized the U.S. stimulus plan of 2009, calling government controlled capitalism "fascism" and saying shopping malls in the U.S. would become "ghost malls."[24] Celente has said, "smaller communities, the smaller groups, the smaller states, the more self-sustaining communities, will 'weather the crisis in style' as big cities and hypertrophic suburbias descend into misery and conflict," and forecasts "a downsizing of America."[17]

Hugo Lindgren and ABC News have labelled Celente's predictions "pessimism porn" for their doom and the alleged eschatological thrill some people receive from imagining his predictions of the collapse of civil society in the wake of a global economic crisis.[25][26]

Revolution in the USA

On Russia Today, he predicted that the USA would face a revolution. [27]

Neosurvivalism

Celente's website has stated that:

In 2010, survivalism will go mainstream. Unemployed or fearing it, foreclosed or nearing it, pensions lost and savings gone, all sorts of folk who once believed in the system have lost their faith. Motivated not by worst-case scenario fears but by do-or-die necessity, the new non-believers, unwilling to go under or live on the streets, will devise ingenious stratagems to beat the system, get off the grid (as much as possible), and stay under the radar.

Predictions

2009

"The Crash of '09 was as dramatic as the crash of '29. The New Depression had begun." (Trends Journal, Summer 2008, pg. 12)

2010

Some areas of the U.S. are experiencing resurgences in real estate values due to highly localized factors, and some investors profit from this. However, the rises will almost all stop and reverse with time, and the overall national trend in real estate values is downward. (T.J. Summer 08, pg. 8)

2012

The economic policies of the U.S. government over the past few years have failed to fix America's fundamental problems and have merely papered over them and in fact made them worse. By 2012, the "American Empire" is collapsing. In the U.S., staple goods like quality food and water are too expensive for most people to afford, (T.J. Summer 08, pg. 1) and "food riots" happen across the country (T.J. Summer 09, pg.1). Major American cities look like disaster zones, and mass homelessness exists across the country. Crime is rampant, with much of it being directed at the rich. (T.J. Summer 08, pg. 1) Kidnappings and ransomings of rich people are on the rise. Average people fed up with big government, high taxes and out-of-control spending join tax revolts. (T.J. Summer 09, pg. 1) The world is also experiencing major environmental problems and "the blackest of plagues." The global financial system has also "melted down" and the situation is very bad outside the U.S. (T.J. Summer 08, pg. 1) The advanced industrial economies collapse first, and their sagging consumer spending drags down the export-based economies of emerging economies next.(T.J. Summer 09, pg. 2) The economy is as bad as it was during the Great Depression in many ways. In spite of all this, the U.S. government, power elites, and mainstream media continue to insist that the fundamentals of the world economy are sound, and that official policies can lead to a recovery. A growing number of average people, however, doubt this. (T.J. Summer 08, pg. 1)

While the Mayan and Hopi prophecies of global destruction do not come to pass, 2012 is indeed a watershed year that sees the death of an ailing and unsustainable global economic system and lifestyle and its replacement with something better. 2012 came and went, and this prediction proved untrue. (T.J. Summer 08, pg. 2)

By 2012, Obama is viewed by most as a stale president who sold himself as a fresh, visionary candidate in 2008 and instead proved to be a servant of the big corporations and the military-industrial complex like his predecessors.(T.J. Summer 09, pg. 5) His economic policies only delayed disaster and in fact have made the situation worse: Expansionary monetary policy and the various government bailouts and stimulus programs create a "Bailout Bubble" that invariably bursts in a cataclysm for the U.S. and world economy.(T.J. Summer 09, pg. 11) Obama blames other factors for this and might have even tried to start a war by 2012 to distract attention from the domestic misery.(T.J. Summer 09, pg. 12) Obama's foreign policy has also failed to accomplish anything significant on the world stage, and Pakistan is a mess and the Afghan war continues to drag on without hope of conclusion.(T.J. Summer 09, pg. 12)

In the 2012 U.S. elections, online news sites, bloggers and independent journalists wield as much influence on voters as mainstream media outlets (TV, cable, magazines, newspapers) for the first time. This breaks the corporate and moneyed stranglehold on American politics and allows a third party to attain nation-level recognition. The 2012 election occurred without a significant third-party impact, despite this prediction. (T.J. Summer 08, pg. 5)

2015

In August 2015 Gerald Celente was interviewed by Eric King, where Gerald made a prediction for an economic crash to come before the end of the 2015 year. "Eric, I’m now predicting that we are going to see a global stock market crash before the end of the year. It’s not only going to be the Dow, it’s going to be the DAX, the FTSE, the CAC, Shanghai, and the Nikkei. There’s going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil. You are going to see one market after another begin to collapse.". When 2015 passed into 2016, it became clear this prediction was inaccurate. [28]

While Celeste did not provide any specifics on when these things would happen, he gave a variety of vague predictions, some of which follow. Americans will adapt to lower standards of living and will travel less, both on a daily basis and for vacations. Higher fuel costs, advances in telecommuting and an aging American population will push many more people to work from home or close to home. Walking-distance communities will be constructed and will become popular. (T.J. Summer 08, pg. 7)

Geographically isolated resort destinations like Las Vegas will wither due to higher fuel costs, lower American incomes and increased overseas competition while vacation spots closer to population centers will revive. (T.J. Summer 08, pg. 9)

Government-run lotteries, on the other hand, will thrive. (T.J. Summer 08, pg. 9)

In America and to a lesser extent overseas, consumer spending habits will be motivated out of fear and escapism. Businesses that capitalize upon this will succeed. (T.J. Summer 09, pg. 24)

Publications

References

  1. ↑ Alderman, Leslie, "Seven great businesses for you to start in 1998" at the Wayback Machine (archived August 13, 2009), money.cnn.com, 15 December 1997, retrieved 3 August 2009
  2. ↑ Hopkins, Steve, "Doctor doom – For 2008, Gerald Celente predicts the total collapse of an already damaged economy", WeeklyBeat.net, 23 February 2009, retrieved 3 August 2009
  3. 1 2 Naughton, Keith, "Can Toyota Get Its Mojo Back?", Newsweek, 17 January 2000, retrieved 3 August 2009
  4. ↑ trendsresearch.com, Gerald Celente, retrieved 16 August 2009
  5. ↑ trendsresearch.com, "TV news", retrieved 16 August 2009
  6. 1 2 foxnews.com, "Glenn Beck's War Room", 23 February 2009, retrieved 3 August 2009
  7. ↑ Video on YouTube
  8. ↑ Jones, Alex, Alex Jones show, KLBJ (AM), Fascism has come to America, 9 June 2010.
  9. ↑ Thompson, Carolyn, "Profiting from seeing into future... Trends translate into predictions of the demands to come", Saint Louis Post-Dispatch, p. 3D, 19 September 1990
  10. ↑ Gerald Celente, Futurist Fraud, Edward Champion, Reluctant Habits Blog, November 13, 2011; accessed March 19, 2014
  11. ↑ Gerald Celente, Encyclopedia of American Loons, October 2, 2010; accessed March 19, 2014
  12. ↑ Today's forecast: Gloom followed by increasing doom, Dan Tynan, ComputerWorld, November 15, 2008; accessed March 14, 2014
  13. ↑ http://www.sterlingspeakers.com/celente.htm
  14. 1 2 Dunn, Brad, "Happy new year, or '01 to forget?", Daily News Express, 14 December 2000, retrieved 3 August 2009
  15. ↑ Kane, Michael, "Gerald Celente trend forecaster knows which way the wind blows", New York Post, 11 August 2008, retrieved 3 August 2009
  16. ↑ Bader, Jenny Lyn, "Ideas & trends – Forget the millennium. Try to predict one week", New York Times, 26 December 1999, retrieved 3 August 2009
  17. 1 2 Ketcham, Christopher, "Trends for downsizing the US: The Bright side of the panic of '08", atlanticfreepress.com, 27 January 2008, retrieved 3 August 2009
  18. ↑ McGrath, Ben, "American chronicles – The dystopians" (p. 41, mentions Celente), New Yorker, 26 January 2009, retrieved 3 August 2009
  19. ↑ Celente, Gerald, Trends journal (scanned print article carried on Celente's website), trendsresearch.com, Winter 2008, retrieved 16 August 2009
  20. ↑ Celente, Gerald, Top Trends 2008: Panic and fear – Solutions and hope, December 2007, retrieved 5 August 2009
  21. ↑ Fox Business Network, (video carried at peoplestar.co.uk), 14 November 2008, retrieved 3 August 2008
  22. ↑ De Borchgrave, "Nostradamus redux", Washington Times, 24 November 2008, retrieved 5 August 2009
  23. ↑ Celente, Gerald, "Celente calls for 'revolution' as the only solution", 14 April 2009, retrieved 16 August 2009
  24. ↑ Fox TV, "Gerald Celente: $2000 gold and the break up of the US" on YouTube, 2 April 2009, retrieved 16 August 2009
  25. ↑ Pessimism Porn: A soft spot for hard times, Hugo Lindgren, New York, February 9, 2009; accessed July 8, 2012
  26. ↑ Pessimism Porn? Economic Forecasts Get Lurid, Dan Harris, ABC News, April 9, 2009; accessed July 8, 2012
  27. ↑ Video on YouTube
  28. ↑ http://kingworldnews.com/gerald-celente-just-predicted-a-global-stock-market-crash-and-gave-the-exact-time-frame/
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