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Gerald Celente Predicts Economic Armageddon by 2012

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  • only 42 days left until all hell breaks loose?

  • No food riots. No triple unemployment. No total collapse this year. Worse than the great depression, no. No bank holidays. No ghost malls here by 2012. No 3rd party system that I can see. Absolutely, he says. At the eve of 2012, he's way off. He's a hit and miss forecaster. Claims he doesn't use a cell phone. I was like, no cell phone? How do you predict trends when you don't like the "newfangled technology". Here's my prediction, the future is ALL about new technology.

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  • @BBMeyer100

    Bill Gross do not use a cell phone. I'm a Engineer working in Silicon Valley and am a Linux user but I still use a computer with celeron processor from year 2000. I'm not using the new technology but I bet you I know more about computer technology than you.

  • @BBMeyer100 Compare Gold to oil and compare the USD to oil, then come back with all this bullshit claims what you saying. Your a dreamer and you cannot help it. However its ok I meet people like you every day.

  • For the record: We did NOT have Economic Armageddon by 2012 nor most of the things that Celente predicts. There is no crystal ball. Celente was wrong.

  • @neilrtucker11 no no...Dec 21st is when all hell breaks loose. 

  • @allthepoorpeople I am a retired school teacher, for what it's worth. I have no agenda except for the truth. The truth is that Mr. Celente failed in his predictions. There was no total collapse by 1-1-12. There wasn't triple the unemployment. Was last year worse than the great depression??? Come on, get real. He was way off. Food riots? Really? I'm sure he sold a lot of his journals and got a lot of cash for predicting these things that weren't true. He fails year after year. 

  • When the economic collapse arrives,and it will,i'm hypothesising that the 99% will be looking for individuals like BBMeyer,who are spouting their putrid lies in support of the banking institutions or money changers as they should be called.

    I wonder who BBmeyer is and who this person works for ?.

  • Celente's prediction failures...all were to happen by 1-1-12: No food riots. No triple unemployment. No total collapse. Worse than the great depression, no. No bank holidays. No ghost malls here by 2012. No 3rd party system in place.. Absolutely, he says. He's way off.

    He is hit and miss, and if you count them up, he's got a horrible hit rate. He is a good self-promoter tho & his doomy message sells a pricey magazine that he hawks. He needs a disclaimer for "entertainment purposes only."

  • @BBMeyer100 People can buy their homes with cash. Our grandparents and g-grandparents saved their money and bought their first home with cash. It can be done and its cheaper than using a bank.

    No one forces people to use banks. If you are wanting to punish banks, dazzagazza, don't use them. I think rather the majority of people who are unhappy with them are people who can't or won't live up to their part of the loan responsibility.

  • @BBMeyer100 Some people take out adjustable rate mortgages on their homes. They say they can handle the risk if interest rates go up...and sometimes they are wrong. They also get the benefit of when mortgage rates go down. Mortgage rates are incredibly low. No one forces people to take these loans out...or any home loan out.

    People who took out loans they couldn't afford--or they lost their jobs and can't afford them any longer, need to start over.

    People can buy their homes with cash

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