Commentary in the Washington Times entitled “Nostradamus Redux“:
Mr. Celente’s accurate forecasts include the 1987 stock market crash, the collapse of the Soviet Union in 1991, the 1997 Asian currency crash, the 2007 subprime mortgage scandal that he said would soon engulf the world at a time when Federal Reserve Chairman Ben Bernanke, a macroeconomist and expert on the Great Depression, told us, “the worst is behind us.” In November 2007, Mr. Celente also told UPI a massive devaluation of the dollar was coming and that some Wall Street giants were headed for total collapse. He called it “The Panic of 2008.”
“Worse than the Great Depression,” Mr. Celente opined. Beginning with a sharp drop in standards of living, and continuing with an angry urban underclass that threatens a social order that allowed the mega-rich to continue living behind gated communities with summer escapades to luxurious homes on the French and Italian Rivieras or to bigger and better and more expensive boats from year to year.
This time, Mr. Celente’s Trends Research Institute, which the Los Angeles Times described as the Standard & Poor’s of pop culture, can see a tax rebellion in America by 2012, food riots, squatter rebellions, job marches and a culture that puts a higher premium on food on the table than gifts under the Christmas tree.
I really ought to stop talking about loading up on guns and liquor and start doing it.