The Nostradamus of our day?

Gerald Celente has repeatedly said the public should not be looking for solutions to the economic crisis from people who failed to see it coming in the first place.

Celente is on record with the Hudson Valley Business Journal and UPI Presswire service as having stated on November 12, 2007 that the coming year would bring the beginning of an economic crisis “the likes of which no one alive has ever seen.”

In the December 2007 edition of Celente’s Trends Journal publication, he predicted the “Panic of ’08” (and took out the domain name “Panicof08.com” in November, 2007): “Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities … whatever the spark, the stage is set for panic in the streets.” In this same issue Celente predicted an “Economic 9/11”: “Just as the Twin Towers collapsed from the top down, so too will the US economy… when the giant firms fall, they’ll crush the man on the street.” In this issue he also predicted Tax Revolts: “Fed up, and not willing – or able – to take it anymore, overtaxed Americans will begin the battle against politicians in the fight to lower and/or repeal taxes… As tax revenues fall and government budgets shrink, federal and state agencies will step up tax collection.”

On November 14, 2008, Celente appeared on Fox Business Network and predicted economic depression, tax rebellions, food riots, and more concern for buying food than Christmas presents by 2012 in the United States. Celente also predicted in this interview that governments across the country will be squeezing the little guy for every last dime wherever they can.

Celente predicted in his “Top Trends 2009” Trends Journal (written in December, 2008) that food-producing gardens will appear on people’s lawns in tribute to President Bush’s failed tenure: “The new ‘Grow your own food because you don’t have money to buy it’ trend was dubbed ‘Bush Gardens.’ Celente also says to escape the mood of economic depression people will be delighting in entertainment and alcohol. Other predictions for 2009 and beyond include a possible revolutionary advance in renewable energy technologies, miracle cures from stem cell research, a shift toward holistic healing practices, and a crash of the overpriced college-industrial complex.

In an appearance on Glenn Beck’s television program on April 2, 2009 he predicted that the sub-prime crisis was nothing compared to what was yet to come. He criticized the stimulus plan, calling government-controlled capitalism “Fascism”; that the malls in the USA would end up being “ghost malls” and that there will be a “revolution.” He criticized the banking system and claims he removed most of his money from the bank, standing by his forecast that gold will “hit $2000.”