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On January 11, Gerald Celente's top 2012 trend is "economic martial law," saying:
"Given the current economic and geopolitical conditions, the central banks and world governments already have plans in place to declare" it "with the possibility of military martial law to follow."He also said:
"The financial house of cards is collapsing. In 2012, many of the long-simmering socioeconomic and geopolitical trends," he follows will climax. "Some will arrive with a big bank and others less dramatically, but no less consequentially."
Can a "rudderless ship" be saved, he asks, by bankers and other technocrats ripping off societies and people for self-enrichment? Global protesters want none of it and keep struggling for social change.
Progressive Radio News Hour regular Bob Chapman expects "full scale quantitative easing" to pump funds into Europe. Major dangers abound, including huge inflation risks, but to bankers "that isn't even a consideration. They could care less."
Ordinary people must as "(w)e could be headed" for another hyperinflationary "Weimar episode" because of expansive money and credit.
Eurozone, UK and US banks are "broke but still operating, thanks to never ending loans from the Fed." However, any time they spend money or lend reserves, inflation's adversely affected.
The 1940s Bretton Woods era is over. Now it's "inflate or die." Decades of accumulated government debt approaches saturation. It's coming in a few years at most. At issue is unpayable government debt and zero interest rates benefitting bankers. As a result, expect "greater crisis down the road."
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