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US/Western social instability coming by 2012

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  • US/Western social instability coming by 2012

    US/Western social instability coming?


    We will soon cover the predictions of US/Western civil instability coming, maybe even starting sometime in 2009, by one of the most highly regarded future trend analysts in the US, Gerald Celente. Here is a snippet:

    “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.

    Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in predicting fut More..ure world and economic events, which will send a chill down your spine considering what he told Fox News this week.

    Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.

    "We're going to see the end of the retail Christmas....we're going to see a fundamental shift take place....putting food on the table is going to be more important that putting gifts under the Christmas tree," said Celente, adding that the situation would be "worse than the great depression".

    "America's going to go through a transition the likes of which no one is prepared for," said Celente, noting that people's refusal to acknowledge that America was even in a recession highlights how big a problem denial is in being ready for the true scale of the crisis.

    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…”

    Liveleak.com
    2012 is also the year some a predicting that the baby boomers wont be supported by there following generation, as the tax base is shrinking..

  • #2
    Re: US/Western social instability coming by 2012

    Originally posted by icm63 View Post
    '...and the massive devaluation of the U.S. dollar'
    woops! hey, nobody's perfect.

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    • #3
      Re: US/Western social instability coming by 2012

      There may be no devaluation ahead, and you just may have to earn those dollars in a job market without jobs.

      The real big news would be Bernankee doing the Bank of Japan deflation thingy, nice and slow, in a controlled deflation--- sort of like water torture for the debtors. This is the workable solution, not a hyper-inflation.

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      • #4
        US social instability ~2012 or later

        Originally posted by icm63 View Post
        2012 is also the year some a predicting that the baby boomers wont be supported by their following generation, as the tax base is shrinking...
        Even if you have US pre-baby boom parents (Fall 1938-Fall 1946) the overall probability of being able to support them via taxes of any kind generally is extinct

        If you were born in the 2nd or 3rd wave of the baby bust generations the above observations are especially true ... as the baby boomers and their children will have effectively stolen earning capacity from you.

        The social costs for the baby bust children is in the many billions, but very few US economists have bothered to do any research on this as these age groups have very little power or wealth.

        On top of that Nepotism and Favoritism in Government and the Private Sector have already in essence wiped the US out as a viable economy.

        However, the American ideology forbids any tracking of nepotism or favoritism in government or in the way government interacts with the private sector: a social cancer unregulated will exterminate the patient.

        I don't agree with the guy's dates per the US going down the toilet completely -- but I would expect the US to be far closer to a failed state by 2015.

        Some empires collapse harmlessly, some don't. The US collapse will not be pretty, but the US collapse as a whole has been ongoing for many many years already...
        Last edited by billstew; March 20, 2009, 06:32 AM. Reason: content clairity

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        • #5
          Re: US social instability ~2012 or later

          Originally posted by billstew View Post
          On top of that Nepotism and Favoritism in Government and the Private Sector have already in essence wiped the US out as a viable economy.
          Increasingly, more are put on the Public Dole, that is in one way or another part or all of their income comes from the Government. And this is increasing.

          In this regard, here is a simple question I have: how many Mortgages will be simply wiped off the books at FNE and FRE which are Political Institutions? Call your Commissar today and get a deal, the best CRAMDOWN of all. Multiply such activity across the Government Board and eventually collapse will come.

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          • #6
            Re: US social instability ~2012 or later

            Originally posted by petertribo View Post
            Increasingly, more are put on the Public Dole, that is in one way or another part or all of their income comes from the Government. And this is increasing.

            In this regard, here is a simple question I have: how many Mortgages will be simply wiped off the books at FNE and FRE which are Political Institutions? Call your Commissar today and get a deal, the best CRAMDOWN of all. Multiply such activity across the Government Board and eventually collapse will come.

            I think you've shown us the toggle for money velocity. Give the money to people who don't have it and watch the velocity go through the roof, Just remains the mechanism for doing so. But if they can TARP money to banks, I imagine they can come up with something.

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            • #7
              Re: US social instability ~2012 or later

              I'd imagine only the mortgages they couldn't sell to another entity to cover their debts. Granted, that could be a great many if the dollar implodes.

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