Despite President Obama’s praise for Bernanke’s “ … bold action and out-of-the-box thinking,” the Fed chairman boasts a long losing streak of making wrong economic forecasts and misreading the economic tea leaves. In a CNBC interview, July 29, 2005, the Harvard-graduated, former Princeton Professor of Economics, Fed chairman was asked: Q. “Tell me, what is...
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The one-state solution
What has been clear for decades to a steadily increasing number of people inside and outside of Israel, has now become fact that no rational person can deny: The so-called Two State Solution (TSS) is dead. In fact, it never was alive; it is not possible to implement, no matter what American or international pressure...
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If rates rise, watch housing fall
Interest Rate Recovery: Home ownership in the U.S. is back where it was two decades ago. How low can it go? As go interest rates, so goes the U.S. real estate market. If the 30-year fixed mortgage rate hits 5 percent, the real estate market will dive. From Canada to China, as the global economy...
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Confronting the truth is facing the enemy
As part of my morning meditation, I thank my ancestors by name for all they blessed me with. I visualize my mother and father, great grandmother (I only have a photo of my mother’s grandmother), grandparents and aunts and uncles on both sides of the family. It is all the love, kindness and wisdom they...
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Political craziness
In this question-and-answer feature with Trends Journal Publisher Gerald Celente, we spend some time on the impact the political craziness in Washington has on your life. Who does Celente blame for the paralysis that has overtaken political leaders in D.C. and across the globe? We also explore a number of global economic developments that are...
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The bitcoin bubble
The buzz about bitcoin has become a roar over the past year as the digital currency has undergone a wild spike, fall, and subsequent rise in valuation. Its fluctuation from $11 per bitcoin (BTC) at the start of November 2012 to well over $1,000 per BTC in late November 2013 has made it fodder for...
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My brush with history
Fifty years have passed since the assassination of John F. Kennedy in Dallas on November 22, 1963. Everyone old enough to remember that day recalls where they were and what they were doing when they heard the news. I’ve developed the habit of searching the news every November 22 to see how the Kennedy assassination...
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Empire America is fading fast
“Empire America Fading Fast.” I wrote that forecast for the Trends Journal in 2002. It almost cost me my career and nearly killed the Journal. After publication of that autumn issue, I was blackballed by the broadcast and print media that had once regularly featured me, my subscription base collapsed and I was persona non...
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What will it take?
Positive change will occur when a critical mass finds:• The courage to admit they are living a lie.• The courage to admit they’ve been conned by political con artists and manipulated by a Presstitute media.• The courage to never again submit to those of inferior intellect and rampant immorality who hold high office, or to...
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Uncle Sam’s scam
With the population of the United States at 316,968,354 and each citizen’s share of debt over $54,000, it is inconceivable that the national debt will ever be paid back. I forecast that the debt burden will continue to grow as the U.S. economy continues trending downward. There is no recovery. Economic conditions continue to worsen,...