Is the world economy going to collapse?

You mean is a system built upon the concept of infinite growth in a planet with limited resources going to fail?

“Anyone who believes in indefinite growth on a physically finite planet is either mad, or an economist." - Quote
 
world economy cloapse is not that bad for most people on the planet, possibly a good thing... might make for a better place (for the majority) - my thinking being its only a low % of people who live in the rich west that would be really effected..
 
Taken from Geralds website

If Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente. — New York Post


When CNN wants to know about the Top Trends, we ask Gerald Celente. — CNN Headline News


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
 
Ahleckz said:
lolevangellion. Apart from all those things that you say haven't happened HAVE happened to some extent.
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Wow, talk about weasel words. 'To some extent'? That's about as lame as it gets. Most of those predictions have yes/no outcomes. They either come true or they don't. There's no room for 'some extent.'

Did we have a stockmarket crash in 2009, resulting in a new Great Depression? No we didn't. It's not the sort of thing which can only happen 'to some extent.' You either have a stock market crash and a new Great Depression, or you don't. We didn't.

Have ghost malls become a common sight throughout America? No. It's not the sort of thing which can only happen 'to some extent.' They're either common or they're not. They're not.

Did survivalism go mainstream in 2010? No it didn't. Can survivalism go mainstream 'to some extent'? No, that doesn't even make sense.

Have basic staple goods like quality food and water become too expensive for most Americans to afford? No they haven't. It's not the sort of thing which can only happen 'to some extent.' They're either too expensive or they're not. They're not.

Is the world experiencing 'the blackest of plagues'? No it's not. (Care to tell me how you could have 'the blackest of plagues... to some extent'? That's just nonsense).

Food riots? No. Not even 'to some extent.'

Global financial system melted down? No. Not even 'to some extent.'

Advanced industrial economies collapsed? No. Not even 'to some extent.'

And so on, and so forth.

Curio said:
Actually, that very much is true. Trust me - I live in a city that's escaped the worst of the problems and yet we have at least one "ghost mall" I can think of.
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Right. So you have one ghost mall. That's very nice for you. Celente predicted they would be a 'common sight' in America by now. They're not.

ennogs said:
Taken from Geralds website
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And that's a good reason to ignore it. Even assuming they're real, anyone can buy a few gushy endorsements from the media. What matters is getting it right. Unfortunately for Celente, he keeps getting it wrong.
 
ennogs said:
Maybe so but Gerld himself isn't into proganda. He just says how he sees things. As I have said he has proven track record of predicting these things. He is often on various USA radio and TV channels. Not just RT.
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So he's half good, he has a track record of predicting things, just not the half where they turn out to be true.
 
If the world is spinning at 64000 mph and it stops, thats enough to break mavity I guess and cause a few earthquakes

I follow somebody called Gerald Celente
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Gerald tends to copy Marc Faber and others. Watch them instead, they arent nearly so melodramatic because sometimes a boom can make people a lot of money before collapsing, etc
 
I didn't say he gets it right 100% of the time. As I said he is not a conspiracy theorist or clairvoyant. He cannot predict the future the way a clairvoyant claims to do. He bases his predictions on things like what is actually happened in the world, what has happened in history etc.

The Crash of '09

Ok you are right he did predict a crash in 2009 and it did not happen. As I have said he often predicts things based on what happened in the past. The crash of 2009 would have happened but the USA Government gave money to all these too big to fail companies and banks. Gerald admits he was wrong on the crash of 2009 but he says the reason he got it wrong was the government bail outs. At no time in our previous history has any government in the world bailed out companies on a massive scale like that. So as he bases a lot of things on what happened in the past he had no idea the governments would bail out these too big to fail companies as it had simply never been done before.

In 2010, survivalism will go mainstream.

It did happen. Maybe not on the scale he thought. There are many people in the USA preparing to survive by storing food, buying guns etc.

overall national trend in real estate values is downward

It did happen. There are around 20 million empty homes in the USA right now. Repossessions are at an all time high. Prices have fallen quite a bit.

Ghost malls have become a common sight across America

It did happen. Again maybe not on the scale he predicted but it is happening. Just because the controlled mainstream USA media is not reporting it does not mean it did not happen. As an example did you see the BBC panorama programme about former middle class Americans now living in sewer storm drains (it was on about 5 weeks ago)? It also showed how loads of kids who still have homes are only getting fed at school because their parents cannot afford to feed them. The USA government banned the panorama program from being shown on TV. They couldn’t stop Americans watching it on the internet though.

Also I noticed you picked up on what you perceive he got wrong and ignored all the things he got right.

The only way the coming collapse will not happen is if the governments around the world try and do more of this quantitative easing like they did in 2009. However they cannot carry on doing that as even Governments do not have limitless pockets of money.
 
Evangelion said:
Did we have a stockmarket crash in 2009, resulting in a new Great Depression? No we didn't. It's not the sort of thing which can only happen 'to some extent.' You either have a stock market crash and a new Great Depression, or you don't. We didn't.

Global financial system melted down? No. Not even 'to some extent.'

Advanced industrial economies collapsed? No. Not even 'to some extent.'

And so on, and so forth.
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I'm not backing up the claims this guy has made (I've not even watched the video, not that interested tbh) but with regards to a depression and global financial meltdown, well it doesn't seem as a clear cut 'No' as you make out.

We are in a depression, the worst one since the 20's and the global financial system (ie: the banks) did melt down and the system is only still going because of intervention and being artificially propped up - QE, Bailouts, Nationalisation etc.

So it might be a case of a broken clock tells the correct time twice a day yada yada... or he just takes the worse case scenario to be dramatic, but it sounds like he was shooting in the right direction.

Not like he said "there will be no more boom and bust" did he :p
 
Evangelion said:
Wow, talk about weasel words. 'To some extent'? That's about as lame as it gets. Most of those predictions have yes/no outcomes. They either come true or they don't. There's no room for 'some extent.'

Did we have a stockmarket crash in 2009, resulting in a new Great Depression? No we didn't. It's not the sort of thing which can only happen 'to some extent.' You either have a stock market crash and a new Great Depression, or you don't. We didn't.

Have ghost malls become a common sight throughout America? No. It's not the sort of thing which can only happen 'to some extent.' They're either common or they're not. They're not.

Did survivalism go mainstream in 2010? No it didn't. Can survivalism go mainstream 'to some extent'? No, that doesn't even make sense.

Have basic staple goods like quality food and water become too expensive for most Americans to afford? No they haven't. It's not the sort of thing which can only happen 'to some extent.' They're either too expensive or they're not. They're not.

Is the world experiencing 'the blackest of plagues'? No it's not. (Care to tell me how you could have 'the blackest of plagues... to some extent'? That's just nonsense).

Food riots? No. Not even 'to some extent.'

Global financial system melted down? No. Not even 'to some extent.'

Advanced industrial economies collapsed? No. Not even 'to some extent.'

And so on, and so forth.



Right. So you have one ghost mall. That's very nice for you. Celente predicted they would be a 'common sight' in America by now. They're not.



And that's a good reason to ignore it. Even assuming they're real, anyone can buy a few gushy endorsements from the media. What matters is getting it right. Unfortunately for Celente, he keeps getting it wrong.
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Without the intervention of governments, national banks (I'm thinking especially of QE) and massive, forced, changes in the structure of banks and other instiutions then the melt down he predicted would have happened. He was looking at it organically, whereas the intervention from outside sources changed the original picture.

All sorts of 'bad' economical things happened in 2009 and the effects are still happening today. Look, for example, at the sovereign debt crisis which truly came to the front in 2009. Again, that is yet to run its course and we are unsure as to what effect that will have in the coming period.

Ghost malls/ghost towns are increasingly more common, simple fact. They are more common than they used to be. There are levels, it isn't a 1 or 0 measurement, stop pretending that it is.

Many staples have shot up in price, and will continue to do so. Plus, many raw ingredients have gone up drastically in price forcing manufactures to move to a different process because they know that they wouldn't be able to pass on the cost to consumers.

Economies have brinkered on the collapse, and many are still likely to either collapse or go back into recession (if they aren't already).
 
Evangelion said:
Wow, talk about weasel words. 'To some extent'? That's about as lame as it gets. Most of those predictions have yes/no outcomes. They either come true or they don't. There's no room for 'some extent.'

Did we have a stockmarket crash in 2009, resulting in a new Great Depression? No we didn't. It's not the sort of thing which can only happen 'to some extent.' You either have a stock market crash and a new Great Depression, or you don't. We didn't.
Ok you are right he did predict a crash in 2009 and it did not happen. As I have said he often predicts things based on what happened in the past. The crash of 2009 would have happened but the USA Government gave money to all these too big to fail companies and banks. Gerald admits he was wrong on the crash of 2009 but he says the reason he got it wrong was the government bail outs. At no time in our previous history has any government in the world bailed out companies on a massive scale like that. So as he bases a lot of things on what happened in the past he had no idea the governments would bail out these too big to fail companies as it had simply never been done before.

Have ghost malls become a common sight throughout America? No. It's not the sort of thing which can only happen 'to some extent.' They're either common or they're not. They're not.
How do you know that? We have had person who ACTUALLY lives in the USA reply to this post saying he lives in a city that has so far escaped much of the economic problems yet he still knows of one ghost mall in his city and remember he lives in city that has so far avoided much of the economic problems. So if his city that has avoided much of the economic problems has at least one ghost mall how many does the cities that have really bad economic problems have?

Did survivalism go mainstream in 2010? No it didn't. Can survivalism go mainstream 'to some extent'? No, that doesn't even make sense.
At the moment they USA government has policy that says if you see something suspicious report. They consider storing food etc suspicious behaviour. Do you think maybe because of that people who are preparing to survive are keeping it to themselves? There are people preparing to survive they are clever enough not to shout about it.


Have basic staple goods like quality food and water become too expensive for most Americans to afford? No they haven't. It's not the sort of thing which can only happen 'to some extent.' They're either too expensive or they're not. They're not.
Food in America has got pretty expensive and it is rising all the time. This is mostly due to the decreasing value of the Dollar and not inflation. According to a BBC panorama program there are many families who are struggling to afford to eat.

Is the world experiencing 'the blackest of plagues'? No it's not. (Care to tell me how you could have 'the blackest of plagues... to some extent'? That's just nonsense).
You are right but I would say just because it hasn’t happe3ned yet does not mean it will not happen.

Food riots? No. Not even 'to some extent.'
You are right but again I will say not yet.

Global financial system melted down? No. Not even 'to some extent.'
Do you ever read a proper newspaper or watch the news? The world is in a massive financial crisis. Even our controlled media are not denying it. The total collapse is not far away.

Advanced industrial economies collapsed? No. Not even 'to some extent.'
You are right but again I will say not yet.
And so on, and so forth.



Right. So you have one ghost mall. That's very nice for you. Celente predicted they would be a 'common sight' in America by now. They're not.
How do you know there aren’t? Is it because our controlled media is not telling you there is?

And that's a good reason to ignore it. Even assuming they're real, anyone can buy a few gushy endorsements from the media. What matters is getting it right. Unfortunately for Celente, he keeps getting it wrong.
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Lol do you think if them so called gushing comments are fake the companies he quotes like CNN, USA today etc would not force him to take the comment down from his website if they did not say it? Gerald would be very stupid if he put up fake comments from companies like CNN.
 
They have ghost malls in China but also a lot of growth. Just a symptom

sovereign debt crisis which truly came to the front in 2009. Again, that is yet to run its course
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The conclusion of the crisis is money in issue is worth a lot less then we presently recognise; as a consequence house prices rise and the debt against the houses is worth less. Which is what they wanted



Shayper your taster tune is impressive but I thought the mix was a bit of out of sync at the start
 
Evangelion said:
Right. So you have one ghost mall. That's very nice for you. Celente predicted they would be a 'common sight' in America by now. They're not.
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They ARE a common sight, that's what I was saying you muppet. I've traveled around the US extensively and you see a LOT of totally deserted retail areas. But don't let my first-hand experience stop you frothing at the mouth...
 
elmarko1234 said:
You mean is a system built upon the concept of infinite growth in a planet with limited resources going to fail?

“Anyone who believes in indefinite growth on a physically finite planet is either mad, or an economist." - Quote
Click to expand...

Yep, we should be moving towards sustainability with continued advancement where it matters, there's too much debt and waste in the system, ideally we need some sort of mixed technocracy/direct democracy with a resource based economy.

With proper organisation and control over the system i think a higher quality of life is possible for everyone while being sustainable.
 
Curio as you actually live in the USA would you mind telling us how you see things from your viewpoint? Things like house prices falling, rising food costs, home repossessions, businesses closing or moving to cheap labour countries like China and India, unemployment etc.

Just maybe but doubtful people will then not think this is conspiracy theory.
 
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