Fox Business just had Gerald Celente on and he predicts a revolution

I've written a commentary on celente and his ability to predict things that do not come to pass, on my Culture Crash blog.

you can find it here: http://blogs.computerworld.com/fox_news_obama_gloom

cheers,

dt

This is the end of mankind..... get ready...

I hope he is wrong. I will receive my B.A degree in psychology next fall. So I only have a year of school left. If all of this happens it basically means I have wasted 4 years of my life.

The following is what I predict will soon befall our nation:

1) The USG will continue to spend on wars, empire, "stimulus packages", and industry bailouts without limit (expecting different is like expecting a snake to walk).

2) The federal debt now exceeds $10 trillion.
Adding unfunded Medicaid, Social Security, Medicare, veteran's pensions, and similar obligations,
the total is $59 trillion, or $516,000 per household (http://en.wikipedia.org/wiki/United_States_public_debt).

3) As our foreign creditors come to realize that such a debt can *never* be paid, they will cease lending to the U.S.

4) Unable to obtain funds by any other means, the USG will drastically increase the money
supply to finance it's debts and spending (thus triggering severe inflation).

5) Imports are greatly curtailed, as few are willing to accept payment in a teetering currency which loses value daily.

6) The people will rush to purchase *real assets* before the dollar is rendered completely worthless,
first emptying/closing the banks, and then the stores.

7) Without access to banks, most businesses will be unable to make payroll and be forced to close
(including food distributors and trucking companies).

8) Food distribution will break down.
The people will seek food from "local sources", but will find that *very* few such sources still exist today.
This will lead to a massive disaster far worse than the last Great Depression:

In the 1930's, there were family farms everywhere (many of which were near self-sufficiency).
Today, the few farms that *do* exist are extremely dependent on technology and supplies from outside sources.
If a critical part breaks that can no longer be replaced (see below), or fuel and/or grain supplies are disrupted, the farm shuts down.

In the 1930's, technology was relatively simple.
Most machines were composed of basic parts of limited number (the great majority of which were manufactured in the US).
Today's machines are very complex and are composed of a huge number of parts from all over the world.
Thus, the failure of one part manufacturer (or the cutoff of their imports) can easily trigger the failure of all who depend on that part.
And this problem extends to *power plants* (which is why I stress the importance of a water filter).

In the 1930's, the US population was around 125 million.
Today, it is 300 million.
So even if we all knew how to live off the land, it is questionable as to whether the land could
sustain so many without the super-efficiency of today's modern/highly-technological farms.

In the 1930's, we had a strong manufacturing base (and thus were not dependent on imports for our very survival).
Today, we make virtually nothing (and have largely forgotten how to do so).
Hence, it will be extremely difficult to "boot-strap" our way back to prosperity.

In the 1930's, people possessed incredible know-how:
They knew how to build and repair things.
They knew how to farm.
They knew how to hunt and dress game.
They knew how to preserve food.
How many of us posses such skills today ?

In the 1930's, we were generally a moral people.
Few resorted to violence or theft to get food.
How do you suppose *today's* Americans will respond when hungry ?

Why are doing this interview from a bar?

At least we'll get something positive out of our suffering. Who needs all these China-Marts anyway? People could do with a lot less stuff and probably be happier than they were with it.

De-hook yourselves from TV and start reading good books (cheap pass time). After a few months, the brain starts regenerating and it's exhilarating to think so clearly!

Sunshine is still free ... long walks and interesting conversations, prayer and meditation, being kind and patient and helpful to the young, the elderly and the disadvantaged are all free ... AND THEY ARE THE ONLY THINGS THAT GIVE LIFE REAL MEANING. Everything else is a short lived, superficial, ego-puffing waste of energy.

Through bad times, your attitude will make or break you! Decide that you are going to do your very best for yourself, your loved ones and everyone you come in contact with and this tragedy might just morph into a great blessing.

eom