Gerald Celente: The Collapse of 2009

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

Gerald Celente, founder and chairman of the Trends Research Institute has been relied upon by millions for trends forecasting for decades being featured by the likes of CNN, Fox News and Oprah. He first came to prominence in the early 1990s for his accurate and timely prediction of the fall of the Soviet Union. Dozens of forecasts later, he is again in the spotlight for calling the "economic 9/11" in 2007, the panic of 2008 and now what he has coined the "collapse of 2009."

Mr. Celente is calling for civil unrest, banking system collapse, hyperinflation and $2,000 gold in the United States.

Sound Crazy? Maybe not when you take a harder look at the state of the American people. In a recent MetLife study it was found that half of Americans have no more than a one month cushion between losing their income stream and defaulting on their obligations.

Work Is The Linchpin Holding Together The Dream As Americans Have Little To No Financial Cushion, Half Of Workers Are Just Two Paychecks Away From Not Being Able To Pay Their Bills

New York, NY, March 9, 2009 — Work — and the paycheck and benefits associated with it — is the linchpin holding together the American dream, according to The 2009 MetLife Study of the American Dream, which was released today. A disturbing 50% of Americans say they are only one month — or only two paychecks — or less away from not being able to meet their financial obligations if they were to lose their job, and more than half of these, a startling 28% of the total respondents, couldn’t survive financially for more than two weeks. Even the “mass affluent” — those making $100,000+ in income per year — aren’t immune with more than one-quarter (29%) saying that they couldn’t meet their financial obligations for more than one month following a job loss.

Read More Here: http://www.metlife.com/about/press-room/us-press-releases/index.html?compID=12452

If half of the American people are one pay check away from their own financial Armageddon, what then happens to the banks which own their debt, the retailers which supply them with their goods and the embattled car companies depending on their consumption? This is of course does not even go so far to speak of the human suffering. As Mr. Celente likes to say routinely, "when people lose everything, they lose it!" Well, they have been losing a lot of jobs along with pensions, retirement plans and portfolio value. Whether you are Robin hood or simply just robbin the hood, when people get desperate they do crazy things - and we expect to see a lot more of it in the near future.