Gerald Celente (trend forecaster)on "Obamageddon"

Gerald Celente 2009 Predictions.

Celente labeled in December 2007 that 2008 would be called the "Panic of 2008"...centered on financial morass .....

Overview...Called "Collapse of 2009" - will see a range of Calamities that will leave no sector unscathed.

• Next in line...retail which accounts for 70% of consumer spending.


• Multiple bankruptcies of major retailers.


• Thousands of stores closing.


• Commercial Real Estate Crashes.


• Credit Card sector financial stability further impacted.

11 Trends.

1.)  Collapse Of 2009. Continued bailouts and actions to maintain status quo.

• Government attempts at all levels to increase taxes, fees to replace lost revenue and cost of bailouts to maintain government operating as normal.


• Taxpayers will resist--rise of anti-tax, anti-government movements and will flourish.


• Tax revolt kits on how to get referendums to voters will become available.

2.)  The Greatest Depression.  A combination of factors will lead to this being the decline and fall of the American Empire.

• Serious questions about safety of banks and your money.


• Sales of Safes and Guns are rising dramatically.


• Increases in crime as economy deteriorates.

3.)  The Second American Revolution...no longer not a question of if...but when and how will unfold.

• Combination of factors and actions by government (bailouts, special interests) leading to concentration of power.


• Question is what will be the spark(s).


• This is and will be unprecedented in American History.

4.)  Obama-rama.

• Election of Obama marketed and sold to world and people as ushering a new political era.


• Obama success will be more sleight of hand and deception than integrity and determination of honoring principles.


• Example:  Obama cabinet is largely a retread of Clinton's team.


• No evidence Obama can ameliorate or arrest  points 1 through 3 above.

5.)  Economic Slimfast.

• Americans will go on debt, spending and fitness diet.


• Return of frugality in daily lives (individual and use of groups)...just beginning...will accelerate conditions worsen.

6.)  Bush Gardens

• Increase in gardening and ways to become self sufficient.


• Local efforts to reduce local living costs.

7.) Whole Health Healing...to replace costly and inefficient health care.

8.)  Little People Squeeze.

• Politicians and Government to maintain status quo as revenues fall find ways to get money from public.


• Government think of everything (Sales and Sin Taxes, Fees, Registration, etc.) get money.


• Historically, all governments failwhen taxes become burdonsome to average person.

9.)  Regenerative Medicine - Biotechnology, stem cell research.

10.)  Entertainment Rebirth (That's Entertainment).  Cheap new forms of entertainment.

11.) College Crash...costs too prohibitive with not enough return on investment. Rise of on-line, virtual education.