Gerald Celente Predicts "Obamageddon" in 2012, Says We'll See Food Riots, Tax Protest,

Have you heard? Obamageddon is coming in 2012. At least that's what Gerald Celente is telling anyone who will listen. Celente is the man who is credited with predicting the 1987 stock market crash, the fall of the Soviet Union, the Dot.com bust, the Gold Bull Market, among others. This time, he has set his sights on America. He says that by 2012, the same year when the Mayan calendar ends, we will see food riots, tax protests, farmer rebellions, student revolts, squatter dig-ins, homeless uprising, mob rule and just plain terror. He mentions the Obama administration and said, "while the decline has been decades in the making, the acceleration of ruinous policies under the current Administration is leading the United States – and much of the world – to the point of no return."

The “green shoots” sighted by Field Marshall 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.” Source: Gerald Celente's Unofficial blog

We are, indeed, living in perilous times and it's becoming harder for one not to worry about tomorrow. President Obama and his administration have said that there are some green shoots of economic recovery, but the opposite seems to be true. Consumer spending remains low and unemployment rates continue to climb -- hovering around 9.5 percent. The value of the dollar dropped significantly at the end of June, with India now joining China and Russia in questioning the dominance of the U.S. dollar. It seems that faith in the dollar as a global reserve currency has eroded at an alarming rate. Many economists are predicting the death of the dollar, though you would never know it, considering the government has been printing more money to keep the ailing economy afloat. The global reserve currency issue will be heavily debated during the upcoming G8 Summit.

Gerald Celente, after years in politics and lobbying, founded The Trends Research Institute in 1980. 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.

Though I believe that it's not fair to call any impending economic upheaval "Obamageddon," it seems Mr. Celente has made some very accurate predictions in the past and his latest predictions should not be readily dismissed. President Obama has been in office a little under seven months and it is very unfair to lay the blame for the economic quagmire squarely at his feet. There is a lot of blame to go around for the previous administrations, most notably, President George W. Bush, and the years of gluttony that the United States engaged in. The reality is that the high-rolling lifestyle has finally caught up with us. Celente has been praised by public figures and publications such as Oprah Winfrey, The Wall Street Journal, The New York Times, Miles O'Brien, The Economist and many others. So, I guess 2012 will be a big year -- with Obamageddon and the ancient Mayan doomsday. He should have called this Repubilcanaggedon instead.

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