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Forum Post: Celente Warns of 2012: Economy Will Crash, Banks Will Close, Chaos Will Ensue, Military Will Take Over

Posted 2 years ago on Feb. 1, 2012, 10:46 a.m. EST by NewStart2012 (112)
This content is user submitted and not an official statement

In November of 2008 Gerald Celente warned that by Christmas of 2012, “putting food on the table is going to be more important than putting gifts under the Christmas tree.”

Given what has transpired since then we can no longer ignore the possibility of this forecast coming to fruition. And considering that during the same time period Celente also forecast the rise of a third party in America, global riots, squatter rebellions, tax protests, and a continuing breakdown in the economy, we recommend taking this latest forecast seriously.

If our economy buckles, and we strongly believe it is only a matter of time, then you can fully expect that banks will close and chaos will ensue on the streets of America. Given recent legislation and the training exercises involving thousands of US military troops to be used to quell civil unrest, we can only gather that Celente is, yet again, right on target.

http://www.pakalertpress.com/2011/12/19/celente-warns-of-2012-economy-will-crash-banks-will-close-chaos-will-ensue-military-will-take-over/

8 Comments

8 Comments


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[-] 1 points by infonomics (393) 2 years ago

What you write may very well be true, but how do you reconcile your gloom with the optimism indicated by the soaring stock market?

[-] 2 points by SparkyJP (1646) from Westminster, MD 2 years ago

" Irrational Exuberance "

[-] 3 points by infonomics (393) 2 years ago

Yes, I agree. I also suppose that the stock market is really the only game in town. Think about the alternatives: commercial real estate (no need here), residential estate (lingering oversupply), bonds (rates low for years), high-priced metals--none are attractive. I regret to speculate but the current economic environment is reminiscent of Fall 2008. I fear we will awake one Monday morning to learn of credit swap write-downs. One guru says that the top five American banks own 97% of Greece's credit swap contracts that have a market value equal to 30% of face value. The governing body, ISDA, will not force the write-downs because, uh, well, the five banks control the ISDA. Deja vu all over again.

[-] 1 points by SparkyJP (1646) from Westminster, MD 2 years ago

So the "too big to fail banks" will have to be bailed - out again? Wow - I guess when there's no more left; everything implodes ;(

I've read that the $ could be the benefactor if the market dumps ... but who knows? Guess that would mean a short euro. There's also a lot of technical reasons that the stock market is about to drop. It can always spike higher, but I agree ..... it smells of 08. Cheers

[-] 1 points by arturo (3169) from Shanghai, Shanghai 2 years ago

Considering that the dollar is bound to crash, precious metals are bound to go up. Watch as many videos as you can on YouTube, search "invest in gold" or "invest in silver".

[-] 1 points by nickhowdy (1104) 2 years ago

Manipulation...Zirp!

[-] 1 points by nickhowdy (1104) 2 years ago

Let's see what hold s out..Euro or Dollar.. Roll of dice please...All snake eyes..WTF.

[-] 1 points by reckoning (53) 2 years ago

I knew this for a long time....

I m quite prepare, but i worry about the ignorants who dont even know of this, or are dependent on the socialist programs.

Let it all burn i say.