Damn! Is this a dire prediction or what?

[wildbilln864]

here's a snip/
"RHINEBECK, N.Y., Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.

"We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008.""
link

[Breeze54]

1. Have a good sleep!

:P

[aquart]

9. Eh, you didn't know this was coming?

Right now, we're trapped. We're in stagflation. NOTHING WILL HELP.

That's why most of the discussions and debates and policies of our candidates are moot. Whomever we choose will walk into Hell with no map and no blueprints. Except the New Deal.

[seemslikeadream]

2. he would not "be surprised if giants tumble to their deaths,"

[robinlynne]

3. Bet he bought gold right before making that prediction....

[magellan]

4. Shock Doctrine

By the time the agenda is completed and Americans wake up, they won't recognize this country any more than we do.

[Auggie]

23. I think it's intentional

The Disaster Capitalists need a way to push their privatization agenda through. Why not sabotage the economy? Their plans are already written out and ready to be deployed.

Bye-bye, Social Security and Medicare.

[Old and In the Way]

5. Well, everyone would be in the same boat.....

it would be a whole new world. It would be interesting to see how how society and values change if this comes to pass. I think we'd suddenly see a re-emergence of the idea of community over individualism....not sure conservatives will be able to make that philosophical leap.

[aquart]

7. No, the rich guys would still have more.

And they've had the opportunity to diversify into foreign currencies. Soros has.

[Mnemosyne]

17. As have Gates and the Dick. n/t

[aquart]

6. Put the rings in a box in a closet and don't wear the chains in the street.

[Mr_Jefferson_24]

8. Now really just a question of when -- they couldn't stop this if...

...they wanted to -- and they don't want to.

[aquart]

10. No, they don't. Odd people.

[grasswire]

11. disaster capitalism and short selling

count on it.

[MADem]

12. UPI...owned by Reverend MOON. And the dateline is eleven days old

Gee, you'd think SOMEONE might have jumped on this dire news and shoved it into the news cycle on tee vee by now....

This same TRENDS researcher predicted that real estate prices would stay high for 25 years.

Consider the source--it's kinda sucky. To cite from a post I posted on this forum a few days ago:

Going into the new millennium, Celente, in his book, identifies several of the major trends which he thinks will shape events:

A change in spirit, a return to an ancient ideal We are going to embrace a very difficult philosophy in the new millennium. And it's going to be built on the belief that we're not accidental glitches on an uncaring planet, and that we have a divine purpose.

Nuclear calamity Whether it happens in Russia, because of their rotting facilities throughout the former Soviet Union; whether it happens because of nuclear terrorism; or because of the mountains of nuclear problems that we have right here in the United States and around the world. So, betting on a nuclear calamity, as we say, is like betting on the favorite in a one-horse race.

An environmental age People's immune systems are going to be broken down because of the destruction of the environment....

The combination of increased fallout, more pollution, less safe food supply, new wonder bugs beating out wonder drugs is going to cause a new Black Plague, or new plagues. But, when you put together fallout, more fallout, and plagues, then you also have a real zeal and quest for health, so immune system buildup is going to be a big buzz word for the new millennium...We're going to have a lot of sickly people. By the way, this is going to address the great problem of population growth.

Trend toward health We talk about longevity centers, people are going to go on sabbaticals to learn how to take care of themselves, emotionally, physically and spiritually. We're looking at vitamin counseling becoming a profession, something that barely exists today... The other areas of growth, the biggest area in the whole fast-food area is going to be fast-food health food restaurants. Chains of places where you go to get, and we're not talking tofu hutch, you won't necessarily get soup there, you might get a chicken cutlet sandwich that comes from an organically raised free-range chicken, or a burger that was from cattle that haven't been fed hormones.

An Energy Revolution The dream of Free Energy is about to become technological reality and the single, biggest investment opportunity of the 21st century, its ramifications will extend to practically every aspect of human and planetary life.

Boomtown real estate Select commercial, residential, and retirement real estate will be on the uptrend for at least twenty-five years, buying into choice exurban and Latin American markets in the '90s will prove a sound investment strategy.

Cyber dominance America will continue to reign as the world leader in hardware and software development, this will oblige the rest of the world to communicate in cyber-English.

Technotribalism A combination of corporate downsizing, economic fallback, the home-office trend, interactive communications (especially the perfecting of the video phone), and a big push to small towns will create new postindustrial communities, visionary new social structures with shared political/economic/spiritual ideals and values.

This is a CACHED link, because for some reason, gee, this bullshit has been 'disappeared' from the web! http://64.233.169.104/search?q=cache:6nCHiy9cyJ0J:209.2...

I just rechecked the cache--funny--it DISAPPEARED. Ain't that special!!!!

The guy is a bullshitter. IMO.

[greyl]

13. Thanks.

There's an interesting number of posters from the conspiracy forum in this thread so far who seem to have taken the OP article at face value and run with it.

[foo_bar]

14. speaking of the dateline, "RHINEBECK, N.Y." seems like a joke

Smallish town (and "village") in the Kingston region, notable for a tiny arthouse cinema that's an hour closer than The Village if you live in Poughkeepsie.

"The bigger they are, the harder they'll fall," he said in an interview with New York's Hudson Valley Business Journal.

http://www.upi.com/NewsTrack/Business/2007/11/19/forecast_us_dollar_could_plunge_90_pct/4876

We are the only business journal in the Hudson Valley

http://www.hvbj.com/advertise%20with%20us.htm

A huffpost reader corroborates:

Ah, Rhinebeck, the financial capital of the world.

Not to mention, their world's leading investment paper, the Hudson Valley Business Journal.

Have you ever driven through Rhinebeck? Let me give you the highlights. You turn left on 9G, then turn right on 9.

http://www.huffingtonpost.com/2007/11/23/black-friday-bargain-hunt_n_73884.html

Although in fairness to Rhinebeck, the "HVBJ" is said to publish out of Wappinger Falls, which is also on Route 9 but hardly comparable to Rhinebeck's opulence.

[MADem]

20. Yeah, you'd think Mike Bloomberg's outfit would be all over this hot scoop! nt

[MilesColtrane]

15. If the dollar completely deflates...

...China will have no one to sell their shit to.

It would be in their best interest to buy dollars in the event of (even more) rapidly decreasing value.

[kansasblue]

16. Wha? but things have been going so well. - never saw that coming.

:sarcasm:

[Nederland]

18. The Chinese won't let that happen

They hold trillions in US denominated assets and will not let those assets decline in value by 90%.

[WheelWalker]

19. They'll trade it all for the Republic of Cascadia. Deed in Lieu of Foreclosure.

[PCIntern]

21. The Foster's Coach House Tavern Manifesto....

Great little drinking spot in Rhinebeck when I was much younger...don't know if it's still there...

[Odin2005]

22. No living person? last I knew there are plenty of people alive that have lived through the 1930s.