Monday, February 21, 2011
DEMCAD: Libya Revolts & Gerald Correct was Right (again)!
By Reginald Kaigler (DEMCAD)
It looks like Gerald Celente was absolutely correct in forecasting a worldwide revolution. As he stated in several interviews, "The youth of the world will unite." First, the was Tunisia, then Egypt and now we're seeing civil unrest in Libya. Protesters have actually captured cities and military bases. This reads more like a revolution than a series of demonstrations. And it's getting bigger by the day. We're seeing protests Algeria, Iran and Wisconsin.
The unions are battling a newly elected Republican Governor in Wisconsin for the bargaining agreement rights, the Green Movement is pushing against the Iranian government and the entire Middle East appears to be on the edge of chaos. Once again, Celente was right.
What's even more amazing about Gerald Celente's forecast is the accuracy of the details. He correctly predicted the use of social media in fighting regimes. He called it, "Journalism 2.0." For those of you who don't know, Celente is the president of the Trend Research Institute. This man successful predicted the stock market crash of 87, 9/11 and the crash of 2008. So when this guys warns us about the collapse of America, you better listen.
As far as the civil unrest, I think the primary factor is the most obvious. People can't afford to support their families. Remember when the idiots at the Federal Reserve were using qualitative easing to stimulate the U.S. economy last year? Well, this is what happens when you print dollars out of thin air. This is what happens when you produce more currency that isn't backed by anything of real value.
The value of the dollars decrease, prices go up because it takes more dollars to buy the same product and most people's income can not keep up with the increase in dollars. This is why people like Peter Schiff and Marc Faber attack the Federal Reserve. This is what inflation does to the people. People are revolting, because the price of food is rising and they can't afford it. And this is what's going to happen in America. We're already seeing the prices rise and the packages of food sink.
Wisconsin is just the beginning. The states can not afford to pay their bills and unlike the federal government, they can't borrow money from the Federal Reserve. They're going to have cut spending and/or raise taxes. For the record, I think raising taxes right now would be insane. But they MUST cut spending. They simply don't have a choice. The only other option would be a federal bailout, but if that happens, the federal government would have to borrow even more money. So no matter what happens, we're in for a lot of pain.
Libya: Colonel Gaddafi 'flees' to Venezuela as cities fall to protesters
Iran opposition considers more protests
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