2009's economic depression/crash, worse then 1929's crash



The Trends Journal Autumn 2008 predictions for the next four years
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United States Conditions in 2009?

“This Christmas 2008, you’re going to see major chains go bankrupt. If you can see Lehman Brothers go under – guess what? Macy’s, J. C. Penny, GAP and the rest of them could go down, too.”


Let’s take retail sales, for example. This Christmas 2008, you’re going to see major chains go bankrupt. If you can see Lehman Brothers go under – guess what? Macy’s, J. C. Penny, GAP and the rest of them could go down, too.

All these companies, like the leverage buyout firms, have been built on an economic model of growth and expansion. That means opening new stores in new locations, but not necessarily increasing in store sales. You’re going to see major bankruptcies. We forecast this before. It’s going to happen.

You’re also going to see violence go to levels we’ve never seen before. You’re going to start to see gangland mentality that is running through Mexico start seeping up north into the United States. The Mexican government cannot control the level of violence. And we’re going to start to see it happening here: more gangs, more kidnappings, more violence and crime. The knee jerk reaction, of course, will be more police on the streets and that is not going to solve the problem.

We’re also going to see more movements for the break up of the American government – not necessarily in 2008, but we can certainly see the secessionist movements that have been gaining more strength because the federal government cannot fix this problem. It’s too big.

More doom and gloom, just what we need… -.-

Retailers go for growth and expansion, and not increasing store sales? I’m sure they like the expansion, but same store sales figures are pretty important in that industry.

Yeah, this crash is so worse than 1929’s. Meet you at the breadlines, bro. Oh, did you hear about the WPA jobs? I was thinking of being an artist for them.

Apples! Get your apples here!

when(read: it will not happen) unemployment reaches 25%, maybe then I will agree. Until then, we aren’t even close.

As people have said we have no:
MAJOR new welfare/jobs programs

like it or not, the problem does seem to be bigger for business than for people
Today’s market would not seem so bad if we had not been running an extraordinarily(read: it should NOT have stayed up as long as it did) strong market

When CNN wants to know about the Top Trends, we ask Gerald Celente.”
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“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
    “Gerald Celente has a solid track record. He has predicted everything from the 1987 stock market crash and the demise of the Soviet Union to green marketing and corporate downsizing.”
    — The Detroit News
    “Gerald Celente forecast the 1987 stock market crash, ‘green marketing,’ and the boom in gourmet coffees.”
    — Chicago Tribune
    “The Trends Research Institute is the Standard and Poors of Popular Culture.”
    — The Los Angeles Times
    “If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.”
    — New York Post

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 Defense 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.”

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.

From other recent interview with Celente:
“There will be a revolution in this country,” he said. “It’s not going to come yet, but it’s going to come down the line and we’re going to see a third party and this was the catalyst for it: the takeover of Washington, D. C., in broad daylight by Wall Street in this bloodless coup. And it will happen as conditions continue to worsen.”

“The first thing to do is organize with tax revolts. That’s going to be the big one because people can’t afford to pay more school tax, property tax, any kind of tax. You’re going to start seeing those kinds of protests start to develop.”

“It’s going to be very bleak. Very sad. And there is going to be a lot of homeless, the likes of which we have never seen before. Tent cities are already sprouting up around the country and we’re going to see many more.”

“We’re going to start seeing huge areas of vacant real estate and squatters living in them as well. It’s going to be a picture the likes of which Americans are not going to be used to. It’s going to come as a shock and with it, there’s going to be a lot of crime. And the crime is going to be a lot worse than it was before because in the last 1929 Depression, people’s minds weren’t wrecked on all these modern drugs – over-the-counter drugs, or crystal meth or whatever it might be. So, you have a huge underclass of very desperate people with their minds chemically blown beyond anybody’s comprehension.”



Hyperinflationary Depression 2010
interview April 12, 2008

some of these youtube videos are classic. our brand of capitalism is founded on sand and optimism. it’s like these market cheerleaders are living in fantasy land. our government is broke. hussein obsama thinks he can stimulate it back into shape as if our problems were that our government spends too little.

we are clearly headed for a correction most likely in the form of a depression. what i fear is that this depression will give barrack the needed excuse to become defacto chairman obama like that pineapple-head chavez.

You know if it were North Korea printing this many US dollars we’d boom them for trying an economic attack on the US economy.

the only difference between the Federal Reserves printing and counterfitter is whose pockets those dollars are going into. But all eventually get out into the broader marketplace having the effect of devaluing savings, purchasing power, and benefitting the borrowers who pay off their debets with cheaper green backs. And who’s the biggest borrower of them all? Uncle Sam.

yeah, Obama is going to help spread the wealth around all right. We’re all going to go broke. Right now the dollar’s relative value is up…good time to buy something that will maintain value once the collapse comes.

Hey, Dee Dee

If I remember correctly you’re also following what’s going on with global oil supplies. So along with Celente’s belief that the Mexican style crimes south of the boarder will move north I think you will find the Forbes article interesting
The Next Disaster
Narco violence is exploding–just as oil prices are plunging and Mexico is bracing for a deep U.S. recession.

I will say that this unrest has been predicted by some of the saints of the Church, and some others who aren’t saints but have had approved private revelations. I won’t say which ones due to forum rules I think, but it is good to read the signs of the times.

However, there really isn’t much we can do about it except turn to Christ. Prepare, yes. Build a bomb shelter and hoard food? No.

Grow close to God, partake of the sacraments, especially confession and the Eucharist.


communities that can are going to have to go back to being interdependent and self reliant. Start planning your garden and expect to share what you grow. I think the Catholic community I live in is going to get much closer.

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