Both Gerald Celente and I thought conditions would deteriorate as 2010 wore on. We were both right. Only economists—all of the them—expected things to get better. I first wrote about Gerald in my post Gerald Celente And The Greatest Depression. Now he's back, being interviewed on Tech Ticker by Aaron Task and Henry Blodget.
Celente still expects the "Greatest Depression" to show up soon at a theater near you. He's not kidding—
this ain't no party
this ain't no disco
this ain't no fooling around
no time for dancing
I ain't got time for that now!
As things get worse & worse, Celente expects actual riots, first in Western & Southern Europe, and then spreading into Eastern Europe. Finally the contagion will hit the United States.
I still can't bend my mind around Americans, especially young Americans, rioting in the streets. Let's face it, they've got their heads so far up their asses with all the iPhones & iPads & Facebook & Twitter that it's hard to imagine them throwing stones through glass windows. A goodly proportion have to live with their parents.
"Yo, dad, I'm going out protesting tonight. Catch 'ya later."
"OK, son. Don't get arrested like last time. Bailing you out—that's real money!"
I think our civilization will fall apart in a more "orderly" manner. Eventually we'll be forced to wear Devo-like uniforms—light blue for the Haves, pale gray for the Have-Nots.
Welcome to the future! I don't agree with everything Gerald says—zero-point energy???—but I agree with a lot of it.