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Be well.
David
Breaking Point 2010: Top Trends with Gerald Celente.
© 2009 by Linda Moulton Howe
“The global 2009 stimulus money is going to start drying up.
When that happens, we are going to see another economic collapse,
the Crash of 2010.” - Gerald Celente, Editor, Trends Journal
December 24, 2009 Kingston, New York - Nearly every year for a decade, I have interviewed Gerald Celente, Publisher and Editor of The Trends Journal in Kingston, New York, about upcoming trends in the New Year. When we talked on December 21, 2007, about 2008 anticipated trends, Gerald said: “In 2008, we’re going to see some major, giant financial firms fall as they get hit by an economic 9/11. Watch for when one of the big firms crashes – like a big bank. That’s going to be the first signal. But even bigger than that. Much bigger – like a Bank of America caliber.”
Then nine months later on September 15, 2008, I interviewed Gerald Celente again after his forecast had come true and American banks, investment and mortgage companies, Fannie and Freddie and the economy were falling apart rapidly.
A month later in October 2008, after accelerating bank and other company failures on top of massive home foreclosures in the United States, Gerald Celente and I did an update. The American government had purchased $250 billion ownership in United States banks and authorized nearly a trillion dollars be spent to bail out Wall Street, including a bailout of the world's largest insurance company, A.I.G. Gerald summed up the financial chaos this way: “The rich and powerful are too big to fail; the rest of us are too small to save.” The Trends Journal 2009 forecast was high unemployment, weakening U. S. dollar and collapse of the real estate market that Gerald Celente summarized as “Good-bye Dubai.”
Now it's the end of 2009, unemployment in the United States is still around 10%, the U. S. dollar has been so weak that China, America's greatest debt holder, continues to talk about switching from dollars to Euros, and Dubai made headlines recently for its inability to pay off a large commercial real estate debt now due. Bloomberg News reported that “Dubai, the Persian Gulf emirate whose state-run companies are seeking to defer debt payments, might owe more than the $80 billion to $90 billion in liabilities assumed by investors.”
So what does Gerald Celente in The Trends Journal see coming in 2010? At the top of his list are more terror attacks and the “Crash of 2010” as American debt grows larger.
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