The Greatest Depression

www.trendsresearch.com

Gerald Celente is a trend forecaster, author, and CEO of The Trends Research Institute.

Celente was born in The Bronx. His early political experience has included running a mayoral campaign in Yonkers, New York.

In 1979 Celente heard President Carter call The Shah of Iran "a bastion of stability in the Middle East." Celente had been to Iran and saw that a revolution was imminent. He realized Carter was believing what was politically convenient for him to believe and at that point Celente declared himself "a political atheist." Celente invested in gold and oil which he correctly ascertained would soar in value when the Iranian Revolution took place. He took the money he earned and began the Trends Research Institute in 1980.

Gerald Celente founded The Trends Research Institute (initially called the Socio-Economic Research Institute of America) in 1980 in Rhinebeck, New York. Its successful predictions include Black Monday, the fall of the Soviet Union, the 1997 Asian Financial Crisis, the dot.com bubble burst, the subprime mortgage crisis, and the financial Panic of 2008 including the statement that "corporate giants would tumble to their death." The Trends Research Institute publishes the Trends Journal, a publication that identifies, forecasts and analyzes business, socioeconomic, political, consumer, environmental and other trends. The purpose and focus of the Trends Journal is to inform readers of future trends and provide strategies on how to prepare and profit from what lies ahead.

Celente has criticized the core Consumer Price Index because it does not integrate statistics for food and fuel. He accuses the Federal Reserve of "jive talk" about interest rates, claiming that they are in a "rate trap" where lowering interest rates crashes the dollar and raising them crashes the economy. He claims the Fed is exacerbating the economic crisis of 2008 by "bailing out their buddies with cheap money". He also believes that the general populace has more wisdom regarding the crisis than Wall Street, the media, and the political world. He 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."

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 has predicted in his Top Trends of 2009 newsletter that governments across the country would be squeezing the little guy for every last dime wherever it could.

Celente also predicts in 2009 and beyond food-producing gardens will become common on people's lawns, as resources generally become more scarce. Celente 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.