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By 2012, America Will Become the First “Undeveloped” Nation of the World – Gerald Celente

Posted on | January 18, 2009 | 26 Comments


Gerald Celente has been right on many business issues in the past.  Some of his predictions have seemed almost “prophetic.”  He forecasted the Panic of 08 and the Economic 9/11 last year when no one wanted to listen.  He also correctly predicted the Crash of ’87 briefly before it happened.  Now he feels that by 2012, America will be the first undeveloped nation of the world.

Even if you do not believe this to be the case, you have to acknowledge that $14 trillion in consumer debt will be a huge problem, especially when American homeowners cannot even pay their mortgages.  There has been “fake” money floating around in this economy for too long and it has finally caught up to corportate America.  To make this problem even worse, Henry Paulson and Ben Bernanke are using much of the “fake” government money to bail out their Wall Street friends.  Over $8 trillion is going to bail out the “big guys” which is flooding the economy with cheap money.  What is scary is that it may get WORSE as we the people have been mislead for too long.

“We are going to go into a depression worse than the great depression.”  Is this possible?

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Comments

26 Responses to “By 2012, America Will Become the First “Undeveloped” Nation of the World – Gerald Celente”

  1. Tuck Neilson
    January 19th, 2009 @ 8:25 am

    Agreed. This Obamamania is terrifying. If someone can explain to me why they would immediately after losing their job go out and buy a bigger house, a new car with no money down, max out all their credit cards, spend all their savings, and then wait for their unemployment check, then maybe I’ll understand why the government is doing what they’re doing.

    It’s insane. The house of cards will come crashing down and the ONLY thing that may keep our country from being carved up and overrun by other nations is our military strength, assuming we can even keep that going with Obama threatening to gut it.

  2. Dave
    January 19th, 2009 @ 9:17 am

    Change you can believe in- Thank you, Barrack and Democrats, we are a third world nation repeating the Wiemar Republic’s mistakes. When Stalin’s tanks rolled into Hungary in WWII, their tanks blasted the banks and tried to take home milliions of worthless Hungarian Forints. Someone in Congress PLEASE get some nuts and fight this degredation of our currency by Barrack; are you listening, GOP?

  3. thomas fullman
    January 19th, 2009 @ 9:41 am

    No one has mentioned how bad this will get. The American Economy is undergoing a top to bottom restructuring, reorganization And Re-Valuation. Obama is spending pre-valuation dollars to preserve re-valued jobs. “The Plan” will benefit few for a short time.

  4. CHARLOTTE
    January 19th, 2009 @ 11:07 am

    YES IT IS POSSIBLE THE HUGE AMOUNT OF PRINTED MONEY WILL CREATE HYPERINFLATION

  5. CHARLOTTE
    January 19th, 2009 @ 11:14 am

    NO SUCH THING WILL HAPPEN

  6. Douglas
    January 19th, 2009 @ 11:33 am

    The US citizen tax money is REAL money. Tax money is REAL money. The Federal Reserve prints FAKE money and we the people turn it into REAL money. Then the Shareholders of the Federal Reserve get REAL money paid back with interest. Thus they control own the world.

    It all comes down to who has the power to print and issue US currency. Had Congress been the ones representing each State as US currency was being properly issued, the United States would not be in this position. Thus, the Shareholder of the Federal Reserve have rob the American people and used their unconstitutional power to rob many other Nations. Thus, corporate America was fooled into the Federal Reserves issuing of untold amounts of fake unrepresented currency. Sadly, this huge unsustainable economy will fall and the people will not understand.

    What is very alarming is the secret societies that have evolved out of the extreme unconstitutional wealth and power attained by the shareholders of the Federal Reserve over the past 100 years. In part fed by the illegitimate secret police states that were put into power to make sure the Shareholders get their money back. The plans these secret societies have for the US and the world are outrageous. The fact is that their plans are coming into existence and as far as I can see the people are unaware.

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  8. unica_hija77
    January 19th, 2009 @ 1:33 pm

    Are there studies correlating a nation’s liquidity with racial mix or the proportions of races within its population?

  9. charlie
    January 19th, 2009 @ 2:23 pm

    I agree with Mr.Celente, I believe we need to take back our economy by making it governized(if that is a word). The FED’s time is up, we the people are starting to make sense of all this economic crisis that the FEDERAL RESERVE has put us into. Sure, we have some faults, but it’s our own governments fault for not having balls enough to cut out the FED and start taking control of our country. This is ridiculous, I know that it won’t be an EASY fix, but it must be done. WE NEED CONTROL OF OUR MONEY! GOVERNMENT BANKS MUST BE ESTABLISHED! SET UP A NEW TAX SYSTEM THAT IS “CONSTITUTIONAL”, or are the values of the FOUNDERS too old and drawn?? Before 1913, our financial system seemed to work fine. With the abolishment of slavery, The richest seemed to have someone new to hate, EVERYONE! so they decided to take it into they’re own hands and pretty much BUY the entire country through bribes and mis-dealings, to the largest bribe of PRESIDENT WILSON. Enough of the history lesson, I have a point, and I firmly believe that WE THE PEOPLE, should take back control of our Financial system through taking control of our government, WHICH WE’RE SUPPOSED TO HAVE! WE NEED TO STOP BEING “LENT” OUR MONEY W/ DEBT ATTACHED!!! NO MORE PRIVATELY OWNED BANKS IN AMERICA! NO MORE FEDERAL RESERVE! THIS IS OUR COUNTRY!!! WE NEED CONTROL! THE TIME IS NOW! Thanks for reading, I hope this makes people think alittle harder about what is happening and what can be done.

  10. Rayne St. Ives
    January 19th, 2009 @ 2:27 pm

    Of course, it is true. But it may not be the whole truth. Many businesses should have closed their doors some time back, they are out of date. Many things in the US are out of date but people are buying them so the businesses limp along. This whole mess will sweep the country clean and new and honest people will open doors. Who knows, integrity may become a NEW product!!

  11. Cori in Vegas
    January 19th, 2009 @ 2:30 pm

    Wouldn’t ya know you’d see some doomsday, brain dead idiot like this on Fox Noise. Any right wingnut, numbskull willing to bash Obama can get paid to spew their crap on Fox. We all know damn well that if John McCain had won the election, Fox would be trumpeting how wonderfully sunshine and lollypops life would be in 2012. Fox News makes me sick. The FCC should remove them from the air for being anti-American.

  12. silverfox
    January 19th, 2009 @ 2:43 pm

    Considering that Uncle Sam is doing nothing to address the basic causes of today’s crisis, essentially too much of the nations’ growth in GDP is captured by a minority of very rich folks and too little is going to the consumer working middle class to keep the economy driving along,creating a mind boggling expansion of personal debt. Nothing being talked about in Washington suggests efforts to correct this imbalance, so the gentleman may be right in his depressing projection for 2012.

  13. Pecossam
    January 19th, 2009 @ 2:58 pm

    All a part of “21DEC2012″ prophesy. What’s the surprise?

    “…and the first ones now will later be last.”

    But this is NOTHING compared to what’s REALLY COMING! Hold on to your hats, folks. We’re in for a heck of a ride!

  14. Jeanie
    January 19th, 2009 @ 3:34 pm

    The people of America have to stop and realize our situation…..when the money stops flowing, everything else stops. It’s really quite simple. Probably too simple. It’s time to accept where we are and work toward a way to climb out of the hole we as a country have allowed us to be in. People will have a wonderful opportunity to truly learn that there really is more to live than just money!

  15. alene
    January 19th, 2009 @ 6:54 pm

    Fox new should be brought up on anti-american crimes. All they do is spew hate and try to divide the country and the people. Have they conveniently forgotten who has been at the helm of our Country for the last EIGHT years? Lest you have forgotten it has been GEORGE BUSH. Who do they think got us into this mess? Ronald Reagan with his economics and deregulation. Then the Texas Congressman, Graham, who was going to be McCains Economic Advisor, and told us all Americans are whiners. Graham also wrote the bill to deregulate the Banks. What a bunch of crooks. Fox is evil. Obama has not even taken office yet and the are already blaming him for the economic collapse that Republicans caused.

  16. sharon
    January 19th, 2009 @ 7:46 pm

    We have done sold about everything in this country to other countries. Most stores and electric com. are own by others.

  17. a
    January 19th, 2009 @ 7:47 pm

    I love how you people are blaming Obama. He isn’t even president yet!!!! He hasn’t made a single decision yet .. remember what got us into this mess- 8 long years of corruption and abuse from the Bush administration, republicans people not Barack Obama. Get your facts straight, maybe if people weren’t so busy pointing fingers in the wrong direction we might get something accomplished. Who has made out big time in the last 8 years? Wall street tycoons, Oil tycoons, Corporate America..You don’t find that suspicious? I understand peoples desire to defend their political party but there has to be a point you realize what really happened here. I’ll admit the Democrats in congress have been useless, but its because of being strong armed by the GOP over the war funding. Americas a mess, the last people we can count on is politicians to fix it. Get ready for a long cold winter because its only just begun. Best of luck….

  18. henry rudolf
    January 19th, 2009 @ 8:10 pm

    When China and the oil countries realize that our IOU’s (T notes) are so massive due to deficit spending that they will never be paid off, there will be a rush of these people to get something for their “money” by buying up US houses. Obama is “changing” us in the completely wrong direction. For temporary personal survival, buy gold and silver now, so when the shit hits the fan, you’ll have some “real” money. As 2012 nears, keep running and don’t look back, lest you be turned into a pillar of salt.

  19. clyde willoughby
    January 20th, 2009 @ 2:29 am

    WOW! Are you people serious? I see comments here blaming President-Elect Obama for the failings of the bailout.
    This is HIDEOUSLY IGNORANT!!! You should be ashamed. He has not taken office yet in case you didn’t notice.
    The only thing more ignorant, which I suspect must be true… is that you voted for W not once but twice!
    PLEASE- we are in this together. The past we can say is the past but please don’t try to rewrite history before it is made?
    Please don’t think your opinion/fear is more important than fact. And maybe, just maybe the fate of all Americans has something to do with the success of our new President. Be Brave, be proud, and be humble enough to loving to your fellow Americans even in uncertain times.
    We need every idea that comes along, if we decide against it, at least we haven’t ignored it, and we know we made the best decision we could, in light of the FACTS. Ignorance is the worst sin.

  20. Tuck Neilson
    January 20th, 2009 @ 4:41 pm

    Guys it’s Obama’s plans I’m blaming and whether or not he’s president (and he is as of today) his views have been out there a LONG time.

    As to FOX news, the opposite end sycophants like NBC, et al are just as pathetically leaning to the left. If FOX is unamerican then so are they.

    Finally, the problem isn’t that too little of GDP is going into the hands of the middle class and too much to the rich it’s the TOO MUCH of GDP is going to the government and the government continues to spend MORE than it takes in. That’s the disaster recipe.

  21. Brad
    January 25th, 2009 @ 7:22 pm

    There is obviously a lot to know about temporary auto insurance. I think you made some good points in

  22. Jay R Modi
    January 28th, 2009 @ 1:22 pm

    After I saw the bloody monday( 27th jan) which led to 70,000+ job cuts, i believe what Mr. Calente said is going to be true. Although I’ve high expectations from the new government but again its too early to make any conclusions.

  23. Subprime Blogger / First the Mortgage Crisis, Now the Life Insurance Crisis?
    March 4th, 2009 @ 4:49 pm

    [...] By 2012, America Will Become the First “Undeveloped” Nation of the World – Gerald Celente [...]

  24. Lou
    March 6th, 2009 @ 7:09 pm

    Tuck Neilson, Dave and thomas fullman: Obama was not President on January 19, 2009. Your blaming the wrong guy.

  25. renee
    March 12th, 2009 @ 10:09 am

    We are already negative by nature and have to fight and work to be positive. We don’t need to listen to these negative, nasty people, filling our ears and heads with hateful negative talk. There could be 10 people speaking positively, and one negatively, and most people would only hear the negative one. If we could hear the postive and at least force ourselves to hope for the best, perhaps things wouldn’t be quite so bad. The entire stock market isn’t disfunctional, but because everyone has withdrawn their funds, it’s down dramatically. If people would get back in at these extremely low prices, it would go back up and 40lk’s and other retirement funds and accounts would recover dramatically. It’s a matter of supply and demand. There are good companies out there and their stock is valuable. We caused this to happen, the negativity and panic. We shouldn’t blame it even entirely on any president or any other one individual. Look at where your other three fingers are pointing when you point at someone else. Send your ideas to Obama’s government website; he wants to hear from us. Neither he, nor any one person, has all the answers.

  26. Ames Tiedeman
    May 25th, 2009 @ 6:04 pm

    Mr. Celente is more right than wrong. America is in the worst shape of all the so called industrialized nations. We have no production. We are a house of cards. Watching 300 pound Americans waddle to the department store to buy imported products with their debt cards is not real GDP. Watch the dollar get destroyed over the next 36 months. When the dollar goes the country goes. This has a high probability of leading to the break up of our Union. Everything the FED is doing and Obama is doing is wrong. More debt does not fix the current situation. We are in big, big tronble.

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