Thursday, February 24, 2011

Expect economic turmoil in wake of anti-government uprisings

The spate of seethingyouth-inspired Middle East uprisings that are toppling governments, reshaping the geopolitical landscape and roiling world markets blindsided the world’s intelligence community.

Not the CIA, Joint Chiefs of Staff or National Security Council saw it coming. Mossad and MI5 missed it! None of the mainstream media’s star-studded stable of scholars, experts and think-tank policy wonks were thinking ahead. 

So says Trends Journal publisher Gerald Celente, who notes that, in the Summer 2010 issue, he predicted the current turmoil: 

What’s happening in Greece will spread worldwide as economies decline. There are no organizations behind this response, it’s a public response. This is a 21st century rendition of ‘Workers of the World unite' … Initially the strikes, riots and protests by unions, student groups, the unemployed, pensioners, and the outraged were sloughed off as predictable (but short-lived and ineffectual) responses that would either peter out on their own or be stomped down by the police … The unofficial reality was that, as Gerald Celente has repeatedly warned: “When people lose everything and have nothing left to lose, they lose it.”

By the Autumn of 2010, Celente's Globanomic methodology pointed to socioeconomic conditions rapidly deteriorating to such an extent that he warned readers of an imminent explosion: “Off With Their Heads 2.0” read the headline, capturing the revolutionary impulse of people who could no longer ignore the toll financial hardship was taking on their lives. 

Celente subsequently identified the role the social media would play in tipping the balance of political power and breaking the grip of government control. In December 2011, just days before the world tuned into Tunisia, the Trends Journal released its “Top Trends of 2011.” Among them was “Journalism 2.0” which predicted an arsenal of digital/Internet weapons in the hands of virtually every citizen via Facebook, Twitter, YouTube, etc. that would  bypass corporate/government media, outwit intelligence agencies, outflank the military and police and rally the populace into the streets and onto the barricades.

So, what's next?

Celente says that, in response to the current Middle East uprisings, gold has broken above $1,400 an ounce and Brent Crude climbed to $111 a barrel. There is no end in sight, he says, to market volatility. As the violence escalates and expands, the fallout, he predicts, will be felt around the world.

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