Bob McCarty Writes

Gerald Celente

Gerald Celente, founder of the Trends Research Institute, tracks all kinds of trends, including the economy.  Appearing on The Glenn Beck Show today, he made the bold prediction that an upcoming “Crash of 2009″ is going to be worse than the Crash of ’29 — and worse than any crash before.

With my interest piqued, I sought out more information about Celente — in the form of something I could share in this space — and found a two-part recording of an appearance he made on Los Angeles radio station KFI-AM 640′s John and Ken Show Feb. 6.

Among the highlights — or, in reality, the lowlights — that lie ahead, according to Celente, are the following:

• The commercial real estate market will collapse;

• People will be unable to pay their credit cards;

• Crime will increase as people who feel they have nothing left to lose will begin to commit acts of violence;

• People will begin to revolt against taxes; and
  

• We’re going into a depression, not a recession.
  

Listen to the entire interview by clicking on these links: Part One and Part Two.

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UPDATE 2/12/09 at 4:36 p.m. Central: Gas 2.0 reports Obama Says Building Sprawl Stops Now! That seems to jive with Gerald Calente’s prediction above about the coming collapse of the commercial real estate market.  Hmmm…