Trends forecaster Gerald Celente founded the Trends Research Institute in 1980. His recent forecasts concerning the coming problems facing our economy have been remarkably accurate. In December 2007 he predicted that the economy would face significant trouble in the year ahead. Of course, he is not the only forecaster to have made such a prediction -- anyone taking a close and honest look at the numbers in 2007 could have seen problems on the horizon. In fact, our affiliated publication, The New American magazine, pointed out that trouble was coming as early as August of 2007.

Regarding Celente, it is safe to say that he has not exactly become optimistic since making his December 2007 prediction. In fact, what he predicts sounds a lot like the economic version of Mad Max. The audio track is out of sync, but the following interview is worth watching, if only in order to understand one man's view of the worst case scenario.

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William N. Grigg said:

Gerald Celente: A modern Jeremiah? I hadn't heard of Mr. Celente until just a few months ago, and I'm impressed with what appears to be his clear-eyed and exceptionally forthright analysis of our predicament. There is a small but substantial seed of optimism buried deeply in his jeremiad -- the prospect of another economic revival based on a technological revolution akin to the advent of wide-scale Internet access in the early 1990s. Elsewhere he has suggested that the development of cold fusion technology, or perhaps even "zero-point" energy, could bring about an economic recovery. I'd dismiss these suggestions (especially the latter) were it not for the fact that Celente seems to be an exceptionally astute and well-informed observer.

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William N. Grigg said:

One other thing.... It deprives The New American and JBS of proper credit to say that it provided detailed predictions of our financial collapse "as early as 2007." In fact, TNA published a detailed analysis and prediction of the housing bust (including the fatal corruption of Fannie and Freddie) in its May 17, 2004 issue ("Will the Housing Bubble Burst?"). And months earlier than that, JBS published a book containing a detailed analysis of the forthcoming collapse and the ongoing pauperization of what had been the middle class entitled "America's Engineered Decline." Admittedly, it would be problematic to mention those two contributions, given that they were written by someone JBS management threw under the bus, and whose name they would prefer to cast down the Memory Hole.

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Alex Gasso said:

Gerald Celente Given the Society's foresight dating back it's founding, Mr. Celente has only solidified the JBS warning regarding America's future. Unfortunately, I now believe this warning is about to rear it's ugly head. The state of our economy is now the excuse for those in power pushing for government centralization, control of the masses and dismissal of civil liberties. All indications point to this, we only need to ignore the controlled, liberal media and simply open our eyes. But the blood spilled by the colonists establishing our great nation was not in vain. Freedom-loving Americans everywhere will again carry the torch of liberty, irregardless of what those in power propose to do.

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