2012 American Economy Armageddon !!!!...?

This guy predicts the economy like I predict politics :-)
"Economic trends foreceaster Gerald Celente bears news nobody wants to hear: the economic crisis is going to get worse." It's a little scary, Gerald Celente is predicting an Economic Armageddon between 2009 - 2012 and, according to himself, has been for some time now.



Concerning? Yes. However, I would like to say that this does seem pretty sensationalized, and the reporters don't seem to show any descending views or intricate background (maybe when he has been wrong, or some loop holes within his theory). They took a lot of what he said for granted. The report should have checked to see if this is what Celente has REALLY been saying for the last few years and "bought the URL," not just taking Celente's word for it. (Notice my "according to himself" in the opening paragaph). This is usually a dead on sign of poor/lazy/rushed journalism or poor, yet sensational, substance. This doesn't necessarily mean this expert is wrong, it just means you should be cautious because we are getting a very limited story (we can't make good decisions without more info). The televised news might have even re-edited it to make what he said seem more dramatic (cutting out sober minded commentary for sensational sound bites because of 'time' or **eh-hum** ratings. Regardless, it is interesting and worrisome-- hopefully it won't come to this.