Previously by Gerald Celente: Everything Washington Touches
Trends forecaster Gerald Celente joins RT to discuss unemployment with college grads, the wide income gap between the rich and the poor in the US, and the coming bust of the American Empire.
You have millions of college grads that havent entered the workforce yet that havent been able to get jobs out of college and they have degrees in worthlessness, and theyre $25,000 on average in debt.
Celente predicts the collapse to come in US cities will rival whats going on in Ireland right now and whats going to happen in Portugal. The American Empire is unfolding and collapsing in front of everyones eyes, he says. Celentes solution include bringing production jobs back to the US, shutting down military bases around the world, ending the wars, and cutting massive overseas spending.
Gerald Celente is founder and director of The Trends Research Institute, author of Trends 2000 and Trend Tracking (Warner Books), and publisher of The Trends Journal. He has been forecasting trends since 1980, and recently called The Collapse of '09.