Tuesday, December 28, 2010

Prior to the start of 2010, Gerald Celente, an American trend forecaster, publisher of the Trends Journal, and an author who has made several accurate predictions like the 1987 stock market crash, the collapse of the Soviet Union in 1991, the 1997 Asian currency crash and the 2007 subprime mortgage scandal, made the following one of his Top 10 predictions for the year: - 8. Not Made In China. A “Buy Local/My Country First” backlash will be the first sign of what we forecast will become a massive, “circle-the-wagons” movement. As economies continue to decline and even more jobs are lost and/or sent abroad, it will be seen as politically incorrect and financially self-defeating to plunk down money to enrich multinationals at the expense of local and domestic producers.