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Gerald Celente’s TRENDSJOURNAL.COM | FORECASTING WORLDWIDE SINCE 1980 | SUMMER 2017 HISTORY BEFORE IT HAPPENS® Market crash? Market correction? Here’s the trend ➤ SPECIAL GIFT POSTER: CELENTE’S STATE OF THE UNION IN THIS ISSUE HISTORY BEFORE IT HAPPENS® ® Editor and Publisher Gerald Celente Executive Editor Derek Osenenko Contributing Editors Dr. Paul Craig Roberts Bennett Daviss Eldad Benary Operations Manager David Cagan Illustrations Anthony Freda Design Shutterstock Creative Circle Media Solutions, COVER STORY East Providence, RI Cover: Shutterstock Crash? All rights reserved. For permission to reproduce or translate material from The Trends Journal®, con- tact The Trends Research Institute. The Trends Journal (ISSN 1065- Correction? 2094) is published quarterly by The Trends Research Institute. Are equity markets overvalued and ready to tank? ©2017. Globalnomics, Trends Journal, Trend Alert, Trends in The What about gold? 2 News, History Before it Happens and Presidential Reality Show are registered trademarks of the Trends Research Institute. The Trends Research Institute contributors Derek Osenenko (“America’s P.O. Box 3476 Shadow: Donald Trump,” p. Kingston, NY 12402 Gerald Celente (“Crash? Correction?,” 8; “Pure propaganda,” p. 18; 845 331-3500 p. 2; and “Pure propaganda,” “Cryptocurrencies powering www.trendsresearch.com p. 18) is the publisher of the ahead as the new world order,” p. Trends Journal and director of 31; and “Self-driving cars: Good bet the Trends Research Institute, or a money pit,” p. 39) is the executive editor of which he founded in 1980. The the Trends Journal, and chief executive officer and pioneer trends forecaster is a president of the Trends Research Institute. He has Printed on recycled paper best-selling author and known a lengthy history as a senior news-media executive, throughout the world as a trends managing several award-winning newsrooms for analyst with expertise in a variety of areas. major media companies including Dow Jones, Gannett Co., Inc. and GateHouse Media. THE TRENDS JOURNAL | SUMMER 2017 FEATURES WHAT IN THE WORLD America’s Shadow: Make up your own mind? IS GOING ON? Donald Trump There’s a “Great Divide” within our own Each new day seems Whining, self-described “progressives” brains — and it's eating us alive 34 to bring with it a new helped create Trump 8 geopolitical crisis, one Self-driving cars: more political debacle, Trump presidency safe: Good bet or a money pit? more dire economic warnings, increasing He’s back in military school Beware: The hype continues to outpace social disturbance or Generals in charge of the White House; the real challenges this industry faces 39 another environmental Cadet Trump to follow orders 12 threat. What does it all The next big... BIG thing mean? What can be Pure propaganda Data will dominate our everyday decision- done? How will it end? American presstitute media have a tale to making 42 Gerald Celente’s Trends Journal® is the only tell: Hate Russia! 18 Cities get smart magazine in the world that pinpoints how today’s The Internet of Things is transforming Pullout poster current events form future Here’s a special gift for your beloved family urban centers 44 trends and how they and friends who ignore the facts. 27 will affect your business, Mind meld career, family and future… Cryptocurrencies powering New technologies bring us closer to brain- your life. ahead as the new world order to-brain communication 48 Founded by a political atheist, agenda- and There is no stopping this Biodegradable plastic advertising-free, and strengthening global trend: beholden to no one, the Technology is moving closer 52 No hard cash in your future 31 Trends Journal provides unbiased insights, analysis and forecasts of critical TRENDING 53 socioeconomic, financial, political, economic, business, consumer/ Poverty's Power grids Older tech Diesel is Printed solar Electric car retail, entertainment, new home go local workers dying panels charging technology, science and other trends that are fact- based, data-driven and on the cutting edge. He makes his home in a part of rural New England Doug Grunther (“Make up your own mind?,” p. Gerald Celente’s track 34) is a popular speaker and radio talk-show host in where chickens still outnumber electronic devices. record speaks for itself. New York's Hudson Valley region. His show, public He’s been forecasting Anthony Freda (illustration pp. 8–9; and engagements and writings focus on spiritual and worldwide since 1980. pullout poster package, pp. 27-30) has created award- No one has been so cultural topics. A graduate of Columbia University, his winning illustrations for publications including The right, on so many issues, hobbies include food, wine and golf. New Yorker, Time, Rolling Stone so often! If you want Bennett Daviss (“Cities get and The New York Times. to anticipate change, take proactive measures smart,” p. 44; and “Mind meld,” Freda considers himself an to seize opportunities p. 48) has been reporting on information warrior, and his and develop profit science, technology, energy and politically charged imagery strategies, subscribe to the environment for more than graces millions of computer Trends Journal. Read 30 years. His articles have appeared screens via a wide spectrum about “History Before It Happens” from the world in Discover, Money, Smithsonian and of mainstream and alternative leader in trend forecasting. more than 40 other publications on four continents. websites and magazines. SUMMER 2017 | THE TRENDS JOURNAL 1 KEYNOTES Shutterstock US equity markets, including the New York Stock Exchange, are in their 11th month of the Trump Rally. Crash? Correction? Are equity markets overvalued and ready to tank? What about gold? By Gerald Celente PUBLISHER I’ve been in the trend-forecasting business nearly 40 years. When you review who accurately forecast market crashes, beginning with the 1987 stock market crash to the Panic of ’08, I, and a handful of others, called them first. Now, a loud chorus of financial experts and eco- steam,” The Wall Street Journal, 28 August 2017 nomic headlines warn of grave stock-market dangers • “China markets tell disparate tales,” The Wall ahead: Street Journal, 28 August 2018 • “ ‘Potential bubbles’ in financial markets already • “Investors pull billions from US stocks in longest exist, warns Deutsche Bank CEO,” CNBC, 6 Septem- outflow streak since 2004,” CNBC, 25 August 2017 ber 2017 • “Wall Street banks are sending warning signals,” • “Brace yourself for a market correction in two Bloomberg, 25 August 2017 months, analysts warn,” CNBC, 5 September 2017 • “Biggest hedge fund manager turns defensive on • “Wall Street’s top bankers sell their own groups’ US political concerns,” Financial Times, 22 August shares as Trump rally reverses,” Financial Times, 28 2017 August 2017 • “Reversal hits small caps,” The Wall Street Jour- • “US banking data suggest economy may be losing nal, 21 August 2017 2 THE TRENDS JOURNAL | SUMMER 2017 keynotes • “Warning signs mount as stocks stumble,” The Again, tracking trends is an understanding of Wall Street Journal, 21 August 2017 where we are, and how we got here, to forecast • “Investors withdraw $1.6bn from Ems amid geo- where we’re going. political tensions,” Financial Times, 18 August 2017 There was high expectation at the annual central- • “Investor view of earnings sours as White House bank meeting in Jackson Hole, Wyoming, in August fails to deliver stimulus,” Financial Times, 16 August that the six central banks — particularly the Euro- 2017 pean Central Bank and US Federal Reserve — would • “Funds don’t buy Europe recovery story,” The announce how and when they would unwind the Wall Street Journal, 3 July 2017. $15 trillion in bonds and other securities they’ve Despite the clarion calls to take cover, markets kept purchased since the Panic of ’08. And, The Street hitting new highs amid temporary pullbacks. This was listening closely for signals from Federal Reserve is important to note. It is not a fluke. When there is Chairwoman Janet Yellen if, when and how much general mainstream consensus that a major market the Fed would raise interest rates. disruption is imminent, those forecasts mostly miss Instead, European Central Bank President Mario the mark. Draghi blabbed on about the glories of globalism, and dangers of protectionism and populist move- TRUMP BUMP ENDING? ments. He said nothing about winding down the Tracking trends is an understanding of where we central-bank bond-buying scheme. Yellen, avoiding are, and how we got here, to understand where we discussion about the US economy and whether it are going. was appropriate to raise interest rates, yapped about Entering the eleventh month of the Trump Rally, pitfalls of the Trump administration weakening US equity markets have soared more than $2 trillion mostly meaningless bank regulations enacted follow- since he was elected. Let’s go back to Election Day, 8 ing the Panic of ’08. November 2016. Mega-billionaire George Soros, who bet big against a Trump victory, also bet big against a Trump market rally. Back in January 2017, the Royal Bank of Scotland advised clients to “sell everything” because “in a crowded hall, the exit doors are small.” At the annual central bank meeting in And all those other economic prophets of doom, Wyoming in August, who have predicted a biblical economic collapse European Central Bank since Election Day, continue to do so. President Mario Draghi, As for the Trends Research Institute, just days after below, didn’t talk about ending the central-bank Donald Trump’s White House win, we did a 180-de- bond-buying scheme. gree shift. Shutterstock We revised our forecast away from negative mar- kets, strong gold prices and a weak economy. With expectations of a Trump White House promoting a more favorable business and investment climate, we predicted rising markets, falling gold prices and a continuation of moderate economic growth.