Gerald Celente analyzes the angry riots in Athens and forecasts what’s coming for the US and the rest of the world.
The trends forecaster believes the tragedy in Greece is merely another chapter in the protests against the too-big-to-fails. “We’re going to see these kind of tax protests and revolts go worldwide,” he says.
As the stimulus unfolds, Celente sees the next crash coming. He predicts the economies of Spain and Portugal will collapse and is already seeing a downfall in Latvia, Ukraine, Hungary, and Ireland.
“As conditions worsen, as unemployment goes up, as more money is needed to bail out failing firms, you’re going to see the same things happening in the United States that are going on in Greece. It’s going global.”
Celente believes the currency crises is underway and cannot be stopped. “Before the New Year of 2011 begins, everyone will know that the crash of 2010 has occurred,” he comments.
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