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Economic 911; The Coming Depression

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  • Economic 911; The Coming Depression

    ------------------------------------------------------------------------

    Celente Trend Alert - Economic
    911 - Depression Next

    9-18-8


    "In 2008, Americans will wake up to the worst economic times that anyone alive has ever seen. And they won't know what hit them." -- Gerald Celente, 17 December 2007

    As Predicted, Economic 9/11 Hits Wall Street:
    Depression Next, Trend Seer Says


    RHINEBECK, NY 18 September 2008 -- In 2007, Trend forecaster Gerald Celente predicted that an "Economic 9/11" would hit Wall Street in 2008.* As the world knows, on 9/15 it did.

    The financial world is in free fall and very few saw it coming. As the The New York Times wrote, "A year into the financial crisis, few dreamed that the situation would spiral down, so far, so fast." (NYT, 15 September 2008.)

    Celente was one of those "few", accurately predicting both the speed and the spiral.

    Even now, in the midst of the chaos, Wall Street, Washington and the media, are in damage control mode, still unwilling to acknowledge the dire implications of the acknowledged facts.

    According to Celente, the worst is yet to come, and it's going to go global. He said, that the old adage, 'when America sneezes the rest of the world catches pneumonia,' holds truer than the newly minted "de-coupling" theory that global growth can be sustained absent a strong US marketplace. "Equity markets worldwide have collapsed and there is nothing in place that will support them," said Celente.

    "Lehman's Brother's was the biggest bankruptcy in United States history and it won't be the last. There will be many more 'too big to fails' and there won't be enough money to bail them all out. First it was Bear Stearns; then it was Freddie Mac and Fannie Mae, A.I.G.; tomorrow there will be others," said Celente, Director of the Trends Research Institute.

    "And the failures will extend beyond the financial sector," he predicted. "In the coming weeks, months and years, we'll see a steady stream of banks, giant retailers, consumer product companies, manufacturers, leveraged buyout firms and home builders going under. The next economic shoe to drop will be in the commercial real estate sector," he said.

    Asked how he was able to see what others could not, Celente marveled, "How could they not have seen it coming? Virtually every day since July 24, 2007, when the Dow took a 226 point dive, we've been bombarded with a steady stream of dire economic news and depressing data."

    When asked if the stock market has now bottomed, Celente said "don't ask me, ask Cramer." The CNBC Mad Money guru, Jim Cramer, asserted on July 29 that the market bottomed from "the panicked lows it hit on July 15. "

    "It's black comedy," said Celente, "I don't know whose bottom he was talking about. Even now, when you turn on the business news, the "experts" who didn't see the panic coming are still telling us the market has 'capitulated' and a 'bottom' is being formed.

    "But I wouldn't be surprised if the Dow sinks to 8,000. When you add up the data it equals Depression," said Celente, who also accurately predicted the 1987 stock market crash, the Asian currency crisis, the last two recessions and the dot.com bust, to name a few of his major calls.

    Celente has been alerting subscribers, clients and audiences worldwide, for over a year, of the severity of the crisis and what to do about it. "Our bold forecast for gold to hit $2000 and the dollar to dive gained credence yesterday when gold had its biggest one day gain ever and the dollar plummeted.

    "We've made scores of rock-solid recommendations on how to preserve capital and prepare for the turbulent times ahead. But despite the hard evidence and loud warning bells, many people are still in denial. They hear what they want and hope against hope. Conventional wisdom holds that the financial turbulence will pass and the long-term fundamentals are sound. They are not. Empire America is collapsing and neither the Fed, Congress, the President nor the Presidents-in-waiting will be able to do anything substantive to reverse the course.

    To schedule an interview with Gerald Celente or to contact the Trends Journal reporter for this story e-mail: <mailto[email protected]>[email protected] ch.com

    *(See "Economic 9/11, Escape Plan," Trends in the News, 12 November 2007; "Economic 9/11," Top Trends 2008, Trends Journal, Winter 2008.)
    Trends Research | P.O. Box 660 | Rhinebeck, NY 12572

    http://e2ma.net/go/1346377379/122469...dsresearch.com
    Last edited by Stormy; 11-02-2008, 12:51 AM.

  • #2
    Course, on 9/18 the market recovered back above 11,000.......

    Keep leaning on that panic button, Stormy.
    For every one hundred men you send us,
    Ten should not even be here.
    Eighty are nothing but targets.
    Nine of them are real fighters;
    We are lucky to have them, they the battle make.
    Ah, but the one. One of them is a warrior.
    And he will bring the others back.

    Comment


    • #3
      ................
      Last edited by Stormy; 09-19-2008, 10:27 AM.

      Comment


      • #4
        double post
        Last edited by Stormy; 09-19-2008, 10:27 AM.

        Comment


        • #5
          Originally posted by (S)Sgt Elmer View Post
          Course, on 9/18 the market recovered back above 11,000.......

          Keep leaning on that panic button, Stormy.
          Course, if you underestood markets, you'd realize you don't look at intra-day market movements. The overall fundamentals are not there to sustain economic growth. What you are seeing is called a 'dead-cat bounce'. The dollar is dead in the water. And the sooner you grasp that information, is the sooner you'll save your assets from a complete loss. But, I'm not a financial advisor. I just pass on articles for your reading pleasure. You can take it with a grain of salt if you so choose. It's just too bad so many, think the messenger is their worst enemy. Got gold?

          ps. keep your eyes on the Forex dollar exchange value instead, not on the DOW. It's akin to enjoying the scenery as you drive off the cliff.....
          Last edited by Stormy; 09-19-2008, 10:49 AM.

          Comment


          • #6
            Originally posted by (S)Sgt Elmer View Post
            Course, on 9/18 the market recovered back above 11,000.......

            Keep leaning on that panic button, Stormy.
            Of course it did, on account of the government bail out.
            "The deepest human defeat suffered by human beings is constituted by the difference between what one was capable of becoming and what one has in fact become."

            Comment


            • #7
              :
              Originally Posted by (S)Sgt Elmer View Post
              Course, on 9/18 the market recovered back above 11,000.......

              Keep leaning on that panic button, Stormy.
              Originally posted by mjhoyt27 View Post
              Of course it did, on account of the government bail out.
              I'm afraid to say, it's over their heads.

              Comment


              • #8
                Well look at the bright side Stormy, now you got to feel superior to someone else. Good on ya!
                For every one hundred men you send us,
                Ten should not even be here.
                Eighty are nothing but targets.
                Nine of them are real fighters;
                We are lucky to have them, they the battle make.
                Ah, but the one. One of them is a warrior.
                And he will bring the others back.

                Comment


                • #9
                  Its ok, I live in a castle.
                  "Friendly Fire, isn't"

                  Comment


                  • #10
                    I agree with Soleil Nuage, the government needs to stop playing daddy and we need to take responsiblity for our actions.

                    Comment


                    • #11
                      Got gold?
                      Yep... and silver too!
                      ROLL TIDE!!!

                      Comment


                      • #12
                        Originally posted by (S)Sgt Elmer View Post
                        Well look at the bright side Stormy, now you got to feel superior to someone else. Good on ya!
                        Sgt. Elmer,

                        I have no superiority complex. I'm just a nobody, or so I've been told. I have the utmost respect for you, and your posts. We're in this world together, and helping one another getting through life, is what it's all about. If we don't see eye-to-eye once in awhile, that's ok, as my signature card explains it all.

                        Comment


                        • #13
                          1) The economy is not doing very well.
                          2) This is not even close to the worst economy in MY lifetime let alone the history of the USA. Stormy you are old enough to remember the dark days of Jimmy Carter. EVERYTHING was in double digits. Unemployment, COLA, interest rates. There were lines for gas at almost every gas station and people were ashamed to call themselves americans. THIS economic situation is not even close to back then.

                          That is why I don't get the doom and gloom from you, you know this is not as bad as it has been. From younger posters, I understand, the worst they went through was either after 9/11 or during the dotcom bust. The economy ebs and flows. The height and depth of each can be determined by policies and programs by the govenrment.

                          It can also be hurt or helped by the confidence of the public. The lack of confidence right now is not completely deserved. McCain was partially correct. Some economic fundamentals are strong. Retail sales are up, unemployment is higher than usual but still below previous levels, factories are still producing and around here there haven't been the massive layoffs. One of the primary factors for low confidence is because EVERYONE on TV keeps saying the sky is falling. If that is continually said, eventually it will be correct.
                          A Veteran is someone who at one point in their life wrote a blank check made payable to The United States of America, for an amount up to, and including their life. That is honor, and there are way too many people in this country today, who no longer understand that fact!

                          Comment


                          • #14
                            This is not a result of government.

                            It's a result of:

                            People with a $35,000 annual income buying $500,000 homes.

                            People refusing to own cars more than two years old, Buying a new SUV every year (Or Leasing which is even more fiscally ddumb)

                            and the Banks and financiers who let them do it.

                            M-11's recovery plan for America:

                            Stop buying crap.

                            Do not pay interest on anything that depreciates.

                            Drive an old car.

                            Don't have Cable.

                            If you have investments, leave them alone, keep buying if you are more than 10 years from needing the money.

                            Don't eat out. I am financially secure because I lived on Ramen, Cheerios and Tuna from 1994-2004.

                            Learn the recreation value of going free places, like libraries or parks.

                            Follow these simple suggestions and your life will not suck.

                            M-11
                            “All men dream...... But not equally..
                            Those who dream by night in the dusty recesses of their minds wake in the day to find it is vanity;
                            but the dreamers of the day are dangerous men,
                            for they act their dreams with open eyes to make it possible.....”

                            TE Lawrence

                            Comment


                            • #15
                              Originally posted by Stormy View Post
                              Sgt. Elmer,

                              I have no superiority complex. I'm just a nobody, or so I've been told. I have the utmost respect for you, and your posts. We're in this world together, and helping one another getting through life, is what it's all about. If we don't see eye-to-eye once in awhile, that's ok, as my signature card explains it all.
                              A reasonable position, I can respect that.

                              In related news, the market went up 368 points today.

                              I'm not saying all is good and rosy, but the end is near is a bit dramatic, IMO.
                              For every one hundred men you send us,
                              Ten should not even be here.
                              Eighty are nothing but targets.
                              Nine of them are real fighters;
                              We are lucky to have them, they the battle make.
                              Ah, but the one. One of them is a warrior.
                              And he will bring the others back.

                              Comment

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