Obamageddon: Gerald Celente of Trends Research Institute Predicts
Economist Gerald Celente of the Trends Research Institute is predicting an even bigger financial crisis on horizon, one he has dubbed Obamageddon.
Celente, who claims to have predicted the 1987 Stock Market Crash and the Asian Financial Crisis of the 1990s, says that the current economic crisis is only going to get worse despite recent positive economic indicators which are referred to as "green shoots." To Gerald Celente, such green shoots are red herrings.
The "green shoots" sighted by Field Marshal Bernanke this past spring were a mirage. The 2010 economic "recovery" predicted by the same experts, authorities and financial boy scouts and cheerleaders who didn't see the economic crisis coming is pure delusion.
By 2012, even those in denial and still clinging to hope will be forced to face the truth. It will be called "Obamageddon" in America. The rest of the world will call it "The Greatest Depression."
During a February 2009 on Glenn Beck's popular Fox News program, Celente says that the stimulus bill and the economic collapse could lead to a second American revolution.
Celente believes that the economic crisis will only worsen over the years. He says he has withdrawn his money from banks and holds much of his assets in gold, which he believes will rise to $2,000 an ounce.
While Celente is referring to a supposed economic crisis as "Obamageddon," he doesn't exclusively blame the current administration.
Celente predicted in his "Top Trends 2009" Trends Journal (written in December, 2008) that food-producing gardens will appear on people's lawns in tribute to President Bush's failed tenure: "The new 'Grow your own food because you don't have money to buy it' trend was dubbed 'Bush Gardens.'
Gerald Celente is the founder of The Trends Research Institute, which publishes the Trends Journal, a publication that identifies political, consumer, environmental, and macroeconomic trends.
It should be noted that while Gerald Celente has built a career on making predictions, there are questions about his ability to predict future events.
Some of Celente's most dramatic predictions, such as the U.S. stock market crash of 1987 and the Asian economic crisis in 1997, lack internet-archived documentation, as illustrated in this article from the year 2000. There exists little internet-archived media coverage of what Celente said of these events before they occurred.