What was Biden talking about?

On October 19th at a fundraiser in Seattle, Joe Biden had some very interesting things to say. Go to the source article and see for yourself:

• In the first six months after Obama's victory there will be an international crisis.
  
• It will be a "generated" crisis.
  
• Obama's response will be very unpopular with the American public and his approval ratings will plummet.
  
• His response will be different than what Americans want, because they are too stupid to know the right thing to do anyway.
  
• He ended his comments by saying he had said too much.
  

One might interpret these statements as the musings of an experienced politician, except for a few things: Why would Biden say the crisis will be "generated". That's certainly a weird thing to say, don't you think? Second, how does he know that Obama's ratings are going to plummet?

Knowing this crowd, I would advise you to prepare for the worst.