Specifically he points to austerity riots and food riots as manifestations of the sort of tensions that led to the Second World War, in an interview with King World News.
“The experts… are saying what’s going on in Tunisia and Egypt, this is going on in Arab nations. Nah, this is the beginning of something much greater. Figure it out. Civil wars to regional wars to world wars. The Crash of ’29 equals the Panic of ’08. The Great Depression equals the Great Recession. World War Two equals the First Great War Of The Twenty-First Century.”
Celente has previously said that surging inequality (like in the twenties) and the collapse of the middle class will lead to an extended depression.
To listen to the interview, please click at the link below
…“Cold Fusion will change the whole game, we should not protect kings around the globe and block energy technology evolution“…
“The first rule of Close Combat is to attack the attacker. Action is faster than reaction. The same holds true for the future. You know the future is coming … attack it before it attacks you.”
Reflections by comrade Fidel
…last Friday, June 25, an international press agency known for the attention to details in its reports, published a statement by the “…Navy Commander of the elite Corps of the Guardians of the Islamic Revolution General Ali Fadavi…,” warning “…that if the United States and its allies inspect Iranian ships in international waters ‘they will have their response in the Persian Gulf and the Strait of Hormuz.’”
The information was taken from the local news agency Mehr of Iran.
According to the press dispatch, said news agency reported that “Fadavi added that ‘the Navy of the Revolutionary Guardians currently has hundreds of vessels equipped with missile launchers.’”
The information, produced approximately at the same time of what Granma published or perhaps before, seemed at some points an exact copy of the Reflections elaborated on Thursday June 24th and ran by that paper on Friday 25th.
The coincidence can be explained by the simple use of a logical reasoning. I was completely unaware of what the Iranian local agency had published.
I have absolutely no doubt that as soon as the American and Israeli warships are deployed –alongside the rest of the American military vessels positioned off the Iranian coasts– and they try to inspect the first merchant ship from that country, there will be a massive launching of missiles in both directions. At that moment exactly the terrible war will begin. It’s not possible to estimate how many vessels will be sunk or from what country.
Knowing the truth timely is the most important thing for our people.
It doesn’t matter if almost everybody, I’d dare say 99.9% or more of my compatriots, instinctively cling to hopes and agree with my sincere wishes to be wrong. I have talked to people close to me, and I have also received news from many noble, selfless and hardworking people who have read my Reflections and do not challenge my considerations in the least but rather absorb, believe and swallow my reasoning through a dry throat; however, they immediately go back to the tasks to which they devote their energies.
That is precisely what we expect of our compatriots. But it would be worse to suddenly become aware of extremely grave events without having heard as much as a news about such possibility. Then there would be confusion and panic, and that would be unworthy of our heroic Cuban people, which was very close to becoming the target of a massive nuclear strike on October 1962, and still did not hesitate for a second in discharging its duty.
Our brave combatants and the military chiefs of our Revolutionary Armed Forces taking part in heroic internationalist missions were close to becoming the victims of nuclear strikes against the Cuban troops deployed close to the Angolan south border from where the South African racist forces –at the time positioned on the Namibian border– had been expelled after the battle of Cuito Cuanavale.
The Pentagon, with the consent of the President of the United States, supplied the South African racists through Israel with about 14 nuclear bombs, more powerful than those dropped on the Japanese cities of Hiroshima and Nagasaki, as we have indicated in previous Reflections.
I am neither a prophet nor a fortune teller. Nobody told me a word of what was to happen. It has all been the result of what I today describe as a logical reasoning.
We are neither new to this complicated issue nor are we meddlesome.
It is possible to predict what will happen in the rest of the Portuguese and Spanish speaking Americas during the nuclear post crisis.
Under such circumstances, it will not be possible to talk of capitalism or socialism. A stage will open that will see the management of the available goods and services in this part of the continent. Certainly, every country will continue being ruled by those who head the governments today, some very close to socialism and others euphoric over the opening of the world market to fuels, uranium, copper, lithium, aluminum, iron and other metals being sent to the developed and rich countries today that will suddenly disappear.
An abundance of food exported now to that world market will also disappear abruptly.
In these circumstances, the most basic products needed for life: food, water, fuels, and the resources found in the hemisphere south of the United States will suffice to preserve some of the civilization whose unbridled advance has led humanity into such a disaster.
Nevertheless, there are still some uncertainties. Will the two mightiest nuclear powers, the United States and Russia, be able to refrain from using their nuclear weapons against each other?
There is no doubt, however, that from Europe the nuclear weapons of Great Britain and France, allied with the United States and Israel, –the same that enthusiastically imposed the resolution that will inevitably unleash the war, which for the abovementioned reasons will immediately become nuclear– are threatening the Russian territory even though this country and China have done everything within their capabilities to prevent the conflict.
The economy of the superpower will fall to pieces like a house of cards.
The American society is the least prepared to endure a catastrophe like the one the empire has created in the same territory where it started.
We don’t know which will be the effect on the environment of the nuclear weapons that will unavoidably explode in various parts of the world, and that in the least serious variant will happen in abundance.
As for me, to advance a hypothesis would be pure science fiction.
Fidel Castro Ruz
June 27, 2010
αγκαλιές, πολλές αγκαλιές !!!…
LONDON -(Dow Jones)– Iran is now ready to sell its crude in any currency instead of just the U.S. dollar, the currency of choice for the oil trade, the ISNA news agency reported Friday, citing central bank chief Mahmoud Bahmani.
“Transactions will be possible with any currency,” ISNA quoted Bahmani as saying.
He didn’t say if that means Iran could ban the dollar or the euro in oil transactions, amid increased sanctions from the West over its nuclear program.
But Bahmani confirmed oil transactions could be conducted in dirhams from the United Arab Emirates or in Chinese yuan. “Perhaps every country wants to use its own currency in trade–we accept this and we do this,” he said.
Iran is the second largest oil exporter in the Organization of Petroleum Exporting Countries after Saudi Arabia.
The statement comes after First Vice President Mohammad Reza Rahimi was quoted as saying Iran could bar the dollar and euro in oil trading in retaliation for sanctions.
Cicero Denounces Catiline, fresco by Cesare Maccari, 1882-1888.
Quam diu etiam furor iste tuus nos eludet? quem ad finem sese effrenata iactabit audacia?
How long is that madness of yours still to mock us? When is there to be an end of that unbridled audacity of yours?
O tempora, O mores!
Oh, what times, oh, what manners!
The full documentary “Meltup”
Federal Reserve Chairman Ben S. Bernanke testifies before the Senate Banking Committee about the U.S. economy, central bank monetary policy and the Fed’s review of the derivatives arrangements of Goldman Sachs Group Inc. and other companies with Greece. Bernanke, speaking in Washington on the second day of his semi-annual address to Congress, repeated his statement that the economy is in a “nascent” recovery that still requires low interest rates to encourage demand by consumers and businesses once federal stimulus expires. (This includes the prepared statement and part 1 of the question-and-answer portion of the hearing. Source: Bloomberg)
Is the Federal Reserve going to perform a Greece bailout? Have they done the same with foreign nations in the past? As to Greece, it remains to be seen, despite what Ben Bernanke testimony indicates. The writing may already be on the wall. Here’s the exchange between Ben Bernanke and Ron Paul (at 4.50-5.00 Bernanke turns around to his aides, he seems uninformed….):
Surmounting The Armageddon Scenario & Cartel ‘End Game’
… and “Goldman Sachs Group Inc. managed $15 billion of bond sales for Greece after arranging a currency swap that allowed the government to hide the extent of its deficit.
“Goldman Sachs, Greece Didn’t Disclose Swap Contract”
Elisa Martinuzzi, bloomberg.com, 2/17/10
“Many of the banks that helped Greece create derivatives that concealed its borrowing are betting on default, hoping to make additional profit from the nation’s financial troubles… Banks’ and hedge funds’ purchases of credit default swaps on Greek bonds are driving up the cost of borrowing that Greece needs to roll over its maturing debt…”
“Report: Banks that hid Greece’s debt aim to profit from default”
The New York Times, 02/24/10
“America’s Founding Fathers were afraid of any concentration of power in the republic. They were particularly afraid that banking interests could hijack our fledgling democracy.
And yet today, 234 years later, our Founding Fathers’ worst fears have come true. Wall Street’s stranglehold on the economy threatens our very prosperity, and the future of a truly democratic republic…”
“Wall Street’s Stranglehold on the Economy Is Choking Americans”
Shah Gilani, Money Morning, 1/26/10
“What does not kill me, makes me stronger.”
The inexorable Momentum of Destructive Megatrends is impelling us toward an Economic and Markets Armageddon, about which we and a few other notable commentators have been writing for some time. The Denouement will not be at all pretty or short-lived.
Thus with the foregoing as Context we sketch an all-too-likely, in our view, Scenario of Coming Events and Consequences, and lay out key Guidelines for coping and profiting.
Many of the themes about which we have previously written are now coming to a head, as the foregoing indicates. Thus we reiterate and weave them together in the following Scenario and recapitulate Guidelines for Profit and Protection.
Athens, Greece, Cradle of Western Civilization, awakens on an early Spring Morning in 2010 and is forced to acknowledge that no effective Bailout is coming.
Greece can thus no longer pay interest on its Megaloans, nor can it obtain new loans.
Greece defaults on its Sovereign Debt.
The Unions call a National Strike. Greece, the country, is in chaos, and is de facto expelled from the EU.
If Greece’s relatively small GDP were the only issue, the Sovereign Debt Default would not matter much (from an economic perspective) to the EU, or the world, except that it foreshadows more Sovereign Debt defaults by Italy (worse off than Greece), and, Spain, Portugal, and, finally France and perhaps even some or all “Major Nations” on the von Greyerz list of the de facto bankrupt, above.
Greece is thus a Catalyst. (Other Nations’ Sovereign Debt Defaults could serve equally well.)
Subsequently a Tidal Wave of Sovereign Default Ripple Effects Cascades around the world, affecting most those economies and markets which most allowed themselves to be ensnared by the Lethal Cocktail of Globalism (as opposed to Internationalism) and “Free Trade” (as opposed to Fair Trade). The least self-reliant are shown to be the most vulnerable.
Again, late in 2010, Mega-Financial Institutions which are holders of the increasingly Toxic Sovereign Debt clamor for more bailouts.
But Stark Reality raises the question “Bailouts by whom, with what, and how?”
Consequently Credit Markets freeze, again, by the end of 2010.
The FDIC, which already had a $20.9 billion deficit as of February 23, 2010 is unable to prevent hundreds more U.S. small and medium size banks from failing.
Central Banks respond by printing even more Fiat Currency while simultaneously increasing demands for One Global Currency, de facto, a Major step toward World Government of, by, and for The International Banker Cartel.*
Simultaneously, the Fed-led Cartel* of Central Bankers allies, and Agents direct the full force of their Market Intervention and Manipulation Regime developed over decades toward their ‘End Game’ goals. See “Surmounting The Cartel’s ‘End Game’ Juggernaut” (9/25/09) in the ‘Articles by Deepcaster’ cache at http://www.deepcaster.com for more details.
*We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions – III” and Deepcaster’s July, 2009 Letter entitled “A Strategy For Profiting From The Cartel’s Dark Interventions & Evolving Techniques – II” in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at http://www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at http://www.gata.org for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at http://www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.
“It is well enough that people of the nation do not understand our banking and monetary system for if they did, I believe there would be a revolution before tomorrow morning”.