Celente has risen to a certain level of prominence after several of his predictions have come true. Of course with Europe teetering and the current geopolitical climate it is not off the rails to see some sort of second recession or worse occurring in late 2012. He was also affected by the MF Global implosion saying that he was a victim of their co-mingling process. Essentially MF Global took his money to cover their own losses and is part of the estimated $1.2 billion lost in the bankruptcy.