Are Markets And Macro Repeating 2008? Gerald Celente (100% Accurate Economic Forcaster) Predicts: Economy TOAST After Obama Reelection And Gold Will Rise To Even More Ridiculously High Prices.


Gerald Celente (100% Accurate Economic Forcaster) Predicts: Economy TOAST After Obama Reelection And Gold Will Rise To Even More Ridiculously High Prices

Gerald Celente is known as the MOST ACCURATE Economic Forecaster in the states.

Gerald Celente re-iterates why we are screwed, especially after the Obama re-election. 

Talks about the market crashing after Obama re-elected.

Predicts people taking to the streets.

Predicts Gold will rise to even more ridiculously high prices.

Goes over how the entire market has been a gambling operation.

Re-iterates how even if Euro bailouts commence, the money only goes to the BANKS, not the PEOPLE.

Predicts massive tax increases, with money going into the banks black hole, NOT to the people.

Talks about how Quantitative Easing will be the death of America.

Talks about how Germany is complicit with the ‘missing gold scheme‘ and is in on it.

BRING ON THE DOOM

 

Listen to the MP3 here:

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/11/10_Gerald_Celente_files/Gerald%20Celente%2011:10:2012.mp3

Fear Pushing Investors Back To Gold: The Fed Will Lose Control of the System, Dollar Will Be Worthless, And Investors Will Flee To Gold As A Safe Haven During Crisis

 

Economist Schiff: Obama’s Re-Election Means Debt & Currency Crisis

The financial crisis was near its peak when Obama took over from George W. Bush in January 2009.

Under Obama, Schiff expects to see a huge buildup of government debt — to $20 trillion in two years from $16 trillion currently. 

“I think what’s going to happen is going to be a currency crisis, a sovereign debt crisis,” he says. “It’s going to be the same thing that is happening in Europe, [including] Greece, but it’s going to be a lot worse.”

This crisis will be accompanied by higher unemployment, higher inflation, higher food and energy prices and higher interest rates, Schiff maintains.

 

Are Markets And Macro Repeating 2008?

In mid 2008, when macro data surprises were very weak, equity markets continued to push inexorably higher; happily ignorant of reality as The Fed has your back, ‘bad is good’, and the impossible was still impossible. This rally front-ran the economic surprise data – as economists had (in their ubiquitously extrapolant manner) over-cooked the downside and a reflexive bounce and rate cuts swung us into the green economically and market-wise. That surge in macro surprise data proved fleeting and we crashed a few short months after. Four years later and once again we are told that ‘bad is good’, every central bank is just dying to add more liquidity fuel to the fire, and macro data is ‘surprising’ to the upside. However, instead of following the 2009, 2010, and 2011 patterns, we are mimicking that 2008 pattern as 3-month S&P return turns red while ECO data is still rising. We suspect the hope-driven ‘magic’ in that ECO data will rapidly fall to thebottom-up-biased earnings data we discussed earlier and while ‘expecting’ a 30% plunge in stocks is a little much - we’ve seen this kind of hopeful optimism dashed before on the rocks of reality.

 

 

Our Favorite Stock Market Indicator Chart Is Showing Some Signs Of Cracking!!!

Here’s a chart we’ve run numerous times over the past couple of years.

It shows the S&P 500 (blue) vs. initial jobless claims (in red, flipped upside down, so that the line goes up, when claims improve).

image

 

Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

The following is a list of some of the post-election firings and layoffs that we have seen since Tuesday night…

#1 Utah

A Utah coal company owned by a vocal critic of President Barack Obama has laid off 102 miners.

The layoffs at the West Ridge Mine are effective immediately, according to UtahAmerican Energy Inc., a subsidiary of Murray Energy Corp. They were announced in a short statement made public Thursday, two days after Obama won re-election.

The layoffs are necessary because of the president’s “war on coal,” the statement said. The slogan is one used frequently during the election by Murray Energy CEO Robert Murray, who was an ardent supporter of Republican presidential candidate Mitt Romney.

In its statement, UtahAmerican Energy blames the Obama administration for instituting policies that will close down “204 American coal-fired power plants by 2014? and for drastically reducing the market for coal.

#2 Ohio

I work for the oldest and largest health insurer in the state of Ohio in the underwriting department. At 9 a.m.this morning, my department (about 50) were called into a meeting in the executive boardroom. We were informed that due to a provision in the healthcare ‘reform’ effective 2014 called guarantee issue, our services would no longer be needed, and we were offered severance  So Obama got to keep his job, and we lost ours. It is maddening that some tyrant 400 miles away can have such a ruinous effect on peoples lives.

#3 Nevada

A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.

“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”

Here’s an excerpt from the interview. Click the audio tab below to hear even more from this compelling conversation:

“I’ve done my share of educating my employees. I never tell them which way to vote. I believe in the free system we have, I believe in the right to choose who they want to be president, but I did explain as a business owner that I have always put my employees first. I always made sure that when I went without a paycheck that [I] made sure they were paid. And I explained that I always put them first and unfortunately I’m at a point where I’m being forced to have to worry about me and my family now and a business that I built from just me to 114 employees.

#4 Posted below is a list of layoff headlines from the past few days that was posted on AmericanThinker.com

Obama was “fired up” and so were the voters, and so now, the mass firings begin. Here’s a collection of today’s headlines.  Please say a prayer for the families who will be suffering. Had Romney won, many of these companies would now be hiring.

Teco Coal officials announce layoffs

Momentive Inc plans temporary layoffs for 150

Wilkes-Barre officials to announce mandatory layoffs

600 layoffs at Groupon

More layoffs announced at Aniston Weapons Incinerator

Murray Energy confirms 150 layoffs at 3 subsidiaries

130 laid off in Minnesota dairy plant closure

Stanford brake plant to lay off 75

Turbocare, Oce to lay off more than 220 workers

ATI plans to lay off 172 workers in North Richland Hills

SpaceX claims its first victims as Rocketdyne lays off 100

Providence Journal lays off 23 full-time employees

CVPH lays off 17

New Energy lays off 40 employees

102 Utah miners laid off because of ‘war on coal’, company says

US Cellular drops Chicago, cuts 640 jobs

Career Education to cut 900 jobs, close 23 campuses

Vestas to cut 3,000 more jobs

First Energy to cut 400 jobs by 2016

Mine owner blames Obama for layoffs (54 fired last night)

Canceled program costs 115 jobs at Ohio air base

AMD trims Austin workforce – 400 jobs slashed

100 workers lose jobs as Caterpillar closes plant in Minnesota

Exide to lay off 150 workers

TE Connectivity to close Guilford plant, lay off 620

More Layoffs for Major Wind Company (3,000 jobs cut)

Cigna to lay off 1,300 workers worldwide

Ameridose to lay off hundreds of workers

#5 According to the Blaze, the following major corporations have all announced layoffs in just the past two days…

Energizer

Exide Technologies

Westinghouse

Research in Motion Limited

Lightyear Network Solutions

Providence Journal

Hawker Beechcraft

Boeing (30% of their management staff)

CVPH Medical Center

US Cellular

Momentive Performance Materials

Rocketdyne

Brake Parts

Vestas Wind Systems

Husqvarna

Center for Hospice New York

Bristol-Meyers

OCE North America

Darden Restaurants

West Ridge Mine

United Blood Services Gulf

You can get the rest of the details right here.

#6 The following is a list of companies that will be laying off workers just because of Obamacare that was compiled by FreedomWorks

Dana Holding Corp.

As recently as a week ago, a global auto parts manufacturing company in Ohio known as Dana Holding Corp., warned their employees of potential layoffs, citing “$24 million over the next six years in additional U.S. health care expenses”.  After laying off several white collar staffers, company insiders have hinted at more to come.  The company will have to cover the additional $24 million cost somehow, which will likely equate to numerous cuts in their current workforce of 25,500 worldwide.  

Stryker

One of the biggest medical device manufacturers in the world, Stryker will close their facility in Orchard Park, New York, eliminating 96 jobs in December.  Worse, they plan on countering the medical device tax in Obamacare by slashing 5% of their global workforce - an estimated 1,170 positions.

Boston Scientific

In October of 2009, Boston Scientific CEO Ray Elliott, warned that proposed taxes in the health care reform bill could “lead to significant job losses” for his company.  Nearly two years later, Elliott announced that the company would be cutting anywhere between 1,200 and 1,400 jobs, while simultaneously shifting investments and workers overseas – to China.

Medtronic

In March of 2010, medical device maker Medtronic warned that Obamacare taxes could result in a reduction of precisely 1,000 jobs.  That plan became reality when the company cut 500 positions over the summer, with another 500 set for the end of 2013.  

Others

short list of other companies facing future layoffs at the hands of Obamacare:

  • Smith & Nephew – 770 layoffs
  • Abbott Labs – 700 layoffs
  • Covidien – 595 layoffs
  • Kinetic Concepts – 427 layoffs
  • St. Jude Medical – 300 layoffs
  • Hill Rom – 200 layoffs

 

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  • Generalissimo X

    couple of things here..first of all it could be said a lot of these companies would be in the crapper regardless of who was elected. this is just a cop out. these so called mom and pop organizations are liars. if you employ 100+ people you are rich to the tune of millions. the companies listed on the blaze section are multi-million dollar companies. they make millions upon millions IN PROFITS quarterly. they all have the capability to adequately provide for their employees. what this is really about is corporate greed that still runs amok. so if they can’t all take millions of dollars in bonuses they’ll F the little guy in the A. that’s been their MO for decades now. i for one am sick of them crying poor. the rich in this country are doing better than any group in the history of humanity. you have literally everything and still want more. in the words of shakespeare: from hell’s heart i stab at thee.

    F the 1% to hell. it is all of you who are going to pay the price when people have enough. go get a book on the french revolution and read about your near future.

  • choir

    Celente 100% accurate?? are you kidding? that freak with his ridiculous histrionics said “Total and complete financial collapse by end of 2009″ with riots, etc. the it was summer of 201o no wait- 2011, now its 2012, 2013…. he said gold at 2000. oz by end of 2008 and alot of other FALSE, INACCURATE ‘predictions’. only stuff he gets right is calling what is already in progress and blatantly obvious. you need to learn the difference between future forecasting and telling the choir what they already know and what they expect to hear. Celente is the cheapest sensationalist on the circuit.