Is America Headed for a Second Revolution?

In an interview with LewRockwell.com, Gerald Celente predicted $2,000 an ounce gold, a depression “the likes of which no one has ever seen before”, and a second American Revolution. Visit LewRockwell.com or click here to listen to the complete interview. Highlights appear below. Gerald has successfully predicted Black Monday, the fall of the Soviet Union, the 1997 Asian Financial Crisis, and the 2007-present subprime mortgage crisis.

GERALD CELENTE: So We’re looking at unemployment numbers that are going up to around 25%, to rival the Great Depression. And in many ways this coming depression is going to be much worse, because back then.. most people didn’t own homes, so they weren’t carrying insurance or paying property taxes. There was no such thing as a home equity loan and people didn’t have credit cards. So they weren’t burdened with over $14 trillion of debt. And back then we had budget surpluses and trade surpluses and now we have major deficits in each. $700 billion a year trade, $11.5 trillion total budget, and close to $1 trillion coming online this year, another deficit.

GC: So yeah, people are going to be in very dire straits. All these people that are getting fired, all these stores that are closing – Circuit City going bankrupt, KB Stores, Steve and Barry’s, Linens n Things – we’re seeing closings – Starbucks, Office Depot, the other day, announced 142 stores. Number one, where are these people that are being fired or laid off, where are they going to find jobs? And number two, who’s going to take all these vacant retail spaces and commercial spaces that are going to be left empty? The answer to both of those questions is nobody… So we’re looking at a melt-down, a catastrophe, the likes of which no one has ever seen before.

GC: To watch grown men grovel is a disgusting spectacle. And that’s all they do, when you’re in government. That’s how people get to the top – they suck their way to the top. And when they’re big enough, as they’re bringing back all these failures from the Clinton administration, they fail their way to the top.

On what you should keep in mind in the near future:

GC: Well what I would suggest they do is they don’t spend a dime that they don’t have, and also realize that their dollar might be worth dimes in the coming years because they’re creating a situation for hyperinflation, so we’re looking at gold to go to probably $2,000 an ounce.

LEW ROCKWELL: And the dollar plummeting?

GC: Yeah if they keep printing money, you’re creating hyperinflation, so you have deflation of product commodities where you have inflationary pressures on worthless currencies. They did it in the Weimar Republic, they’re doing it in Zimbabwe, and they’re going to do it again. Because that’s Obama’s only solution, is to create 2.5 million jobs by creating job work projects. So he’s printing more money, it’s not going to solve anything.

GC: The people that have caused the problem are now running the show… Wall Street is running Washington.

LR: Big banks got the government to create the Federal Reserve system for them, so now they’re reaping the rewards and they’re killing the rest of us…

GC: That’s exactly what’s going on. The too-big-to-fail are being saved, and the too-small-to-save are being drowned.

LR: Gerald, are we going to see riots in this country? Are we going to see tax revolts, as happened in the Great Depression?

GC: Yes, absolutely, we’re going to see revolution, and we expect it to happen… probably this year we’ll start seeing some of it.

LR: So what do you think the upshot of that will be? Will they just suppress it? Is that why they’re bringing the troops home? [see also this article]

GC: Well they’re going to try to, obviously, and there is all this talk about opening up these detention centers and hiring the goon squads – the Blackwaters and the rest of them – to run them. So these are realities that are going on as we speak. And whether they keep saying that they’re opening up these detention centers in the event of migrant problems, but of course it’s much bigger than that. It’s under the Department of Homeland Security, and KBR – the engineering and construction subsidy of Haliburton – have been awarded a half a billion dollar, one year base period, to get these national emergency / national disaster centers up and running. So yeah, it’s in the cards, they know what’s going on. And we’re really in a period of off-with-their-heads. It’s going to be the people against the politicians, the new kings and queens of commerce, as well.

GC: It’s a fight against a totalitarian government. You can call it “communist” when a state-owned monopoly runs everything, or you can call it “fascist” or you can call it “socialist” – but the one thing you cannot call it is “free-market enterprise”. So yeah, there are going to be rebellions, and, you know, things will change for the better if we break up these criminal governments that are in place right now.

~ by skepsis on December 17, 2008.