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Gerald Celente intimates new NDAA provisions could be for a coming bank crisis

On January 18th, Coast to Coast AM held a rountable discussion over the new and potentially unconstitutional provisions passed by Congress in the new National Defense Authorization Act (NDAA).  This act is the normal defense budget bill which is approved annually by Washington, but in this years bill, several new statutes were introduced that could effect millions of Americans under the War on Terror umbrella.

During the third hour of the show, economist and trends forecaster Gerald Celente was brought on to give his opinion on the ramifications, and potential reasons why the government added these provisions 10 years after 9/11 occurred.  In the discussion, Celente intimated that the new laws may be in line with certain trends he is seeing for 2012, which include a bank holiday, economic martial law, or a sudden 'false flag' event that might allow the government to invoke military arrests on American citizens protesting one or more of these actions.

Linda Moulton Howe:  Well, I’m curious if you, in all of your brilliant trend research, did you see the NDAA coming?

Gerald Celente:  Yes.  In the sense that look at the abrogation of our rights, over the years, of course beginning with the Patriot Act… well, not beginning with it, but accelerating with it.  And you could see it in the works, and with the warrantless wiretapping and all of the types of… look at New York City.  You could walk down the street and last year they stopped and frisked over 600,000 people.

… LMH:  And that in of itself goes back to something we were talking about Gerald, this has the feeling to me and to a few others that something else is behind the scenes.  That there would not have been this push from the Department of Defense, to have this kind of… basically, it is an attack on the very Constitution of the United States.  What in the world do you think could be coming that would maybe explain this shell game right now, with the Defense Department pushing Congress, and Congress either not caring, not understanding, or whatever else is wrong that we would end up with this egregious Statute.

Geroge Norry:  Yea what do they see in the future Gerald?

GC:  Well, you know we put out our top trends for 2012, and it ties all together the first one is, Economic Martial Law.  The economic systems are collapsing worldwide, there is no fixing the European problem.  They are getting everyone ready for a Greek default, and that’s a small one… that’s a little baby in there because then you have Italy, you have Portugal, you have Spain…  but Italy’s the big one in there.

… GC:  So what we’re saying is… as you look around the world at what’s going on, the bigger the failure is, the more they’re clamping down.  And I believe, that they have in place… they put the NDAA in place, because they’re going to impose some type of economic martial law, and there’s going to be rioting in the streets, and they want to have things in place for when it happens.  I believe this all ties back into the economy… I said this at the beginning, when the panic of ’08 hit, I said that after all their recovery programs, after all their stimulus, bailouts, and rescue plans failed, the next thing they do is they clamp down on you, and this is what’s going on in my belief. - Coast to Coast AM, Janury 18th

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The most interesting part of the NDAA provisions, signed into law on New Year's Eve by President Obama, is the fact that for more than a month, the White House continuously stated they would not sign the bill into law, but then did so under the cover of night.  The question then must be asked, what changed in the month of December to facilitate Congress passing the bill by a wide margin, and the President choosing to sign it while on Christmas vacation?

As Celente notes, his number one trend for 2012 is that the government will impose some form of economic martial law, whether by means of a bank holiday, capital controls, or price controls, on the American people because of the true state of the national and global economies.  On January 23rd, Greece will be in the spotlight once again for a necessary bailout, and if the wrong choices are made, the people of Greece will not be far from taking to the streets as they did in smaller doses in 2011.  The Greek fallout could then create domino effects all throughout the Euro Zone, and into America, and this does not include the growing chaos of a potential war with Iran, Syria, or other parts of the Middle East.

The NDAA has always been an appropriations bill to annually fund the military, but on New Year's Eve 2011, that bill became ground zero for new powers given to the military over the American people, and the sovereignty of Constitutional protections.  In the eyes of economic and trends forecaster Gerald Celente, the purpose behind these new provisions are economic, and could allow the government new powers to impose economic martial law on the American people should an economic or social crisis take place.

, Finance Examiner

As a historian in his primary field of study, and an investor in the real world, Kenneth has a keen perspective on all facets of the financial world. He has owned his own business and corporation, and has been an investor in many different markets such as securities, real estate, currency trading...

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