Friday, August 23, 2013
Gerald Celente on Internet Popularuty & the Economy
Trends analyst Gerald Celente talked about a news report concerning a decrease in Facebook usage as well as the current state of the economy. He said that the novelty of Facebook appears to have greatly diminished as mobile apps, like Instagram, grow in popularity. Celente observed that it is another sign of the fleeting nature of Internet popularity and cited the decrease in value for Myspace which went from $580 million in 2005 to a mere $35 million in 2011. Regarding the economy, Celente warned that there is an "entire global meltdown" underway and lamented that, in previous economic collapses throughout history, world wars soon developed thereafter. He also decried the concept that businesses are "too big to fail" and declared that it was the antithesis of capitalism and, instead, was simply a form of fascism.
As the founder of the Trends Research Institute, Gerald Celente is wellrespected for his track record of picking business, consumer, political, andeconomic trends before they come to pass. It is his job to see the futureand understand how the issues and events of today will determine the trendsof tomorrow.