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In a recent interview with the Australian Broadcasting Network, trends analyst and financial forecaster Gerald Celente said (emphases mine):

I would say, since I’ve been doing this work, over 30 years ago, I’ve never been more concerned than I am right now.

According to Dominique de Kevelioc de Bailleul of Beacon Equity, who summarises the interview:

Twenty-two months of hysteria of an impending European financial collapse, starting with Greece in March of 2010, will finally come to an end in 2012, according to the founder of Trends Research Institute, Gerald Celente.

Celente’s latest forecast, ‘The First Great War of the 21st Century—Prepare, Survive, Prevail’, predicts more turmoil for the Middle East, North Africa and Europe.

And — things are set to become even worse in the United States, to be covered in a moment.

Meanwhile, Celente voices his concerns about Europe:

“If you live in Greece, you’re in a depression; if you live in Spain, you’re in a depression; if you live in Portugal or Ireland, you’re in a depression,” Celente said. “If you live in Lithuania, you’re running to the bank to get your money out of the bank as the bank runs go on. It’s a depression. Hungary, there’s a depression, and much of Eastern Europe, Romania, Bulgaria. And there are a lot of depressions going on [already].”

Celente advises us not to expect China to come to the rescue (quite rightly):

China will then likely slow its imports of materials from countries which have been supplying mined product during the commodities boom, leading to a vicious spiral of increased unemployment and declining economic activity—a scenario strongly intimated by Dow Theory Letters author Richard Russell in his latest letter to investors (excerpts posted on King World News). Russell, too, expects a steepening U.S. depression, with 25 percent unemployment in the America as his target at the bottom of the depression.

“This whole thing is connected,” Celente explained. “China isn’t going to have the money to throw around to losers anymore than loan shark would give a gambler who can’t pay his old debts back and has a bad gambling habit another loan to gamble . . . They [Chinese] have their own problems to deal with.”

As for the United States, Celente’s home country:

The Panic of ’08; you have the Great Recessions—Great Depressions going on. Oh, by the way, real estate prices in the United States, they’re at a steeper decline than they were during the Great Depression. Foreclosures continue to mount. It’s taking people over 40 weeks, who lose jobs to find another job, and then finding one at a fraction of what they lost the old one at.

He hasn’t changed his mind about imminent war, either, which, as students of history know, is the established answer to a prolonged economic downturn:

“So then you look at the trade wars that they’re now talking about,” Celente said. “And, as I said, when you add them up, you have the beginnings of a great war going on already. Oh, and now, and now, they’re talking about, hey, we did such a great job in Iraq and Afghanistan, why don’t we bomb Iran? Have you heard the presidential candidates of the United States, with the exception of Ron Paul, that all want to go to war against Iran? So you can see where it’s going.

Celente said the kickoff to a global meltdown and a call to war could “spiral out of control” some time “by the first quarter of 2012” as the European crisis worsens to the point of a crack up. “There’s no way to bail out the European nations,” Celente said forcefully.

And the build up to social unrest, calamity and possible civil war can be seen a mile away, said Celente, who segued into another one of the trends he sees for 2012: Safe Havens (escaping the United States).

Celente also mentioned the NDAA (National Defense Authorization Act) in the interview, which allows for American citizens to be unconstitutionally held with no charge and without trial.  Although he offers no clear solutions for Americans wishing to escape this possibility:

enacted … expansion plans suggest the U.S. may enter a crisis on par with the lead up to the U.S. Civil War of 1861-5.

To find out how Celente’s 2011 predictions worked — very well, by the way — continue reading here.

Whilst I do not wish to alarm anyone unnecessarily, Celente is often, shall we say, on the money.

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